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Some People Are Just Not Going To Get Mortgages

A report from the Wall Street Journal. “The new coronavirus epidemic in New York obliterated the spring selling season, according to a Wall Street Journal analysis. Apartment sales were down 54% in the second quarter compared with the same quarter in 2019. That was the lowest total since 2005, the first full year the city made available data for all co-ops and condo sales. And, according to Brown Harris Stevens, a real-estate brokerage, 90% of those sales were in the works before the virus hit. The median price of a Manhattan apartment was $1.01 million, down 21% compared with the second quarter in 2019.”

“Donna Olshan, a broker who closely follows the luxury market, said there was no way to predict where the market will go in the middle of a pandemic. ‘There is no data that tells me this is a positive situation,’ she said.”

The New York Post. “Grammy Award-winning musician DJ Khaled has sold his South Florida home for just under $5 million. The producer was in contract to sell his three-story home at 3914 Island Estates Drive in Aventura in March. But the New York buyer fell sick with the coronavirus and decided not to close, sources said.”

“Then the price dropped. Originally asking $7.99 million in 2018, the home was last asking $5.5 million and will close for around $4.87 million. Khaled bought the five-bedroom home for $3.84 million in 2015, then spent $2.5 million on ‘extras.'”

The Real Deal on Florida. “Eastdil Secured founder Benjamin Lambert sold his Fisher Island condo at a loss. Lambert and his wife, Linda, sold their three-bedroom, 3,592-square-foot condo at Oceanside in Fisher Island for $4.85 million, property records show. Lambert and his wife bought their Fisher Island condo for $5.4 million in 2014, $550,000 more than what they sold it for.”

From Good Day Sacramento in California. “For the last few months, bills have been piling up for Sonia Rodriguez. ‘We can’t pay the rent. We can’t pay our car payment. We can’t pay our bills,’ Rodriguez said. ‘It’s just too much, we’re going to be back-paying for years to come. I went from potentially buying a home to — I’m at a standstill.'”

“If landlords and property owners don’t receive rent, some can’t pay their mortgages. Experts, like Joshua Howard with the California Apartment Association, say this could lead to dire economic consequences. ‘When rent goes unpaid that creates a domino effect, that can ultimately lead to them losing that rental property to foreclosure,’ Howard said.”

From KQED in California. “San Francisco’s temporary eviction ban is under threat. On Monday morning, just two days before rent checks are due, landlord and realtor groups filed a lawsuit in San Francisco Superior Court to suspend the city’s temporary eviction moratorium. ‘This law, along with the closure of the court system, would allow renters to live rent-free from March 2020 to potentially September and beyond,’ said Noni Richen, president of the Small Property Owners of San Francisco Institute. ‘Property owners would have no legal recourse to recoup unpaid rent. Small owners are particularly hard hit by renters who cannot pay.'”

From Nevada Business. “April was set to be yet another busy month for sales of apartment complexes in Nevada, one of the hottest multifamily markets in the country. And then, all of sudden, it wasn’t. In Reno and Sparks, new uncertainty meant that only one multifamily transaction closed during April, reports Ben Galles, a vice president with Logic Commercial Real Estate. Every other deal under contract was pulled from the table.”

In Las Vegas, many pending acquisitions didn’t close, says Art Carll-Tangora, a principal and multifamily specialist with the brokerage firm of Avison Young. Litigation is following in the wake of some of the collapsed deals, he says, and many sellers have taken multifamily properties off the market until the dust settles.”

“The upshot of slow rent payments and higher operating costs: Landlords are worried. ‘The market continues to remain stable. However, we cannot continue to sustain losses in rent for much longer,’ says Susy Vasquez, executive director of the apartment association.”

“Investors are keeping a close eye on the arrival of thousands of newly constructed apartment units at the same time that thousands of residents lost their jobs. In the first months of this year, more than 10,000 apartment units were planned or under construction in the Reno-Sparks market. That means that new apartments will be hitting the market even though the jobless rate in the Reno area reached nearly 20 percent.”

“There had been signs, however, that Nevada’s white-hot multifamily market was cooling even before the pandemic shock. ‘The data suggest that construction had nearly caught up when the COVID-19 recession hit us and sent us into a lockdown of the economy,’ says Stephen Miller, director of the Center for Business and Economic Research at the University of Nevada, Las Vegas. Rents were softening as newly constructed units came on the market. The median monthly rent of $1,050 in Las Vegas was down 5.7 percent from a year ago, while Reno’s median rent of $1,191 was down 3.4 percent.”

The Real Deal on Illinois. “Downtown landlords have had to cut rents to fill apartments, but the situation isn’t as disastrous as some had predicted. ‘It kind of looked like the car was headed off to the ditch,’ Integra Realty Resources’ Ron DeVries told Crain’s. ‘We hit the brakes, and it looks like we’re not going to get into a big wreck.'”

“The average rent for Class-A downtown apartment buildings fell to $3.01 a foot by mid-May, a drop of 7.7 percent from Q1 2019 and the biggest quarterly drop since 2001, according to Integra’s analysis. Occupancy for Class A buildings also fell to 91.8 percent, down from 94.3 percent a year earlier, Integra data shows. It’s the lowest rate since the end of 2017. Absorption also totaled just 325 units, the lowest quarterly number since 2012.”

“Other property managers and investors, like Tony Rossi Sr. aren’t as bullish. Rossi is concerned about the high job losses and the nation’s prospects for flattening the curve –— many tenants aren’t renewing leases, especially graduate students in downtown apartments. ‘We did OK in May, we did OK in June,’ he told Crain’s. ‘But I just don’t like where we’re headed.'”

The Hartford Courant in Connecticut. “The 100 new apartments at the prominent corner of Pearl and Trumbull streets in downtown Hartford leased at dizzying pace last year, filling up in just four months. So when another 160 rentals in the building next door were ready for tenants this spring, expectations of a six-month lease up were high. But no one saw a global pandemic creeping toward Hartford.”

“‘Did I expect to be further along?’ Jeffrey D. Ravetz, a New York developer who partnered in the conversion of the two vacant office buildings to apartments, said. ‘Of course. My leasing should have gone as well or better.'”

“Pearl Street also will soon have more competition for tenants looking to move into brand new downtown apartments. Two other conversions of former commercial space into rentals, at 103 Allyn St. and nearby at 28 High St. will soon bring 100 more units. Martin J. Kenny, a developer active in downtown Hartford for decades and a partner in the mixed-use Pratt Street project, said there is no way to sugar-coat it: apartment leasing downtown has lost some of its momentum.”

“‘Short-term is not great,’ Kenny said. ‘There’s no kidding about it. It’s a little depressing right now. You don’t see any people going to work so it’s desolate. The foot traffic is really slow, and people look kind of creepy in those masks.'”

From The M Report. “The housing affordability crisis, which had worsened prior to the virus, has only escalated as more than 36 million Americans have filed for unemployment due to the pandemic. More than 4 million people have entered into forbearance plans to either defer or pay reduced amounts on their mortgages. This growing population of homeowners electing to forgo and make reduced payments is causing banks to grow wary. Information by the Mortgage Bankers Association revealed mortgage credit availability has fallen by more than 35% since the virus spread.”

“In March, riskier borrowers ‘could get a mortgage but just pay a higher price than other people,’ wrote Michael Neal, a Senior Research Associate at the Urban Institute Housing Finance Policy Center. ‘Now, some people are just not going to get mortgages.'”

“JPMorgan Chase & Co. tightened its standards in May, requiring borrowers to have minimum credit scores of 700 and to make down payments of 20% of the home price on most mortgages, including refinances if the bank didn’t already manage the loan. Wells Fargo & Co. increased its minimum credit score to 680 for government loans that it buys from smaller lenders before aggregating them into mortgage bonds.”

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This Post Has 169 Comments

  1. ‘Originally asking $7.99 million in 2018, the home was last asking $5.5 million and will close for around $4.87 million. Khaled bought the five-bedroom home for $3.84 million in 2015, then spent $2.5 million on ‘extras’

    Well, it was cheaper than renting DJ.

    1. then spent $2.5 million on ‘extras’

      Good gravy, what did he do? Did he cover the house in gold leaf?

  2. ‘sales were down 54% in the second quarter compared with the same quarter in 2019. That was the lowest total since 2005, the first full year the city made available data’

    Lowest ever?

    1. Anything above $600k-$650k here in the Boston area is sitting, and sitting, and sitting. Slashin’ and sawin’.

      Things under $500k still fly… for now.

  4. Doesn’t sound to me that fewer folks being able to get mortgages ought to be part of any “affordability” crisis — actually, quite the opposite.

      1. You aren’t going to get that with an activest central bank doling out trillions of dollars in mop up monies to financial titans who are ready to pounce on foreclosures at the very moment when unemployment is sky high among average Americans. The Fed’s finacialization of everything has turned the residential housing market into an extension of the stock market.

        1. Yep. I was foolish enough to believe that there would be opportunities to buy stocks at reasonable prices, etc. My friends on the other hand have been loading up on overpriced stocks, houses, etc. They’ve been raking in the dough while I look like an idiot because I stayed out of everything.

  5. ‘Political newcomer Lauren Boebert, who gained fame after confronting Beto O’Rourke over his stance on guns last year, beat U.S. Rep. Scott Tipton (R-Colo.) in a primary on Tuesday.’

    ‘Boebert had a lead of nearly 10,000 votes with most precincts reporting.’

    “Our freedom and our constitutional rights are on the ballot this November and Republicans just sent a loud and clear message that they want me there to fight for them,” Boebert said in a statement after the win.’

    “I joined this race because thousands of ordinary Americans just like me are fed up with politics as usual. Colorado deserves a fighter who will stand up for freedom, who believes in America and who is willing to take on all the left-wing lunatics who are trying so hard to ruin our country,” she added.’

    https://www.theepochtimes.com/gun-rights-activist-lauren-boebert-upsets-congressman-in-colorado-primary_3408198.html

    ‘Tipton is the fourth House incumbent to lose this cycle, following Reps. Dan Lipinski (D-Ill.), Steve King (R-Iowa), and Denver Riggleman (R-Va.). Reps. Eliot Engel (D-N.Y.) and Carolyn Maloney (D-N.Y.) are awaiting final results in their races but at least one appears to have lost.’

    That’s what I call draining the swamp!

    ‘Boebert, 34, owns a restaurant called Shooters Grill in the town of Rifle. The restaurant features waitresses who open-carry guns.’

    Fine dining.

      1. A very non-diverse group of waitresses. The Bolsheviks in Denver better dispatch their Red Guards to rectify that situation.

    3. Rep. Scott Tipton, the five-term Establishment GOP cuck that Boebert beat, was a toady of the Wall Street banks and corporatocracy. Good riddance to this RINO.

      1. “Good riddance to this RINO.”

        Rep. Dan Newhouse (R-WA) is another RINO who is lazier than a cut dog when it comes to representing conservative voters in his district.

          1. Regardless of the current climate I don’t think that a candidate who stands for nothing is ever “the best you can hope for”. it’s just what general apathy gets you.

            On a separate note, this current climate I think will lead to much sharper Balkanization of the country. That will be a challenge to Washington since they are a mixed state. The seaboard may have a vote advantage but I suspect the rest of the state wants nothing to do with their preferences. I doubt middle of the road candidates will do very well on either side of the divide.

          1. I’m conservative and I rooted for Bernie. Because I agree with him on everything? No. Because he actually stands for something and honestly means it, definitely! Trump versus Bernie would have been a real battle of ideas.

          2. Because he actually stands for something and honestly means it,

            If he did, he wouldn’t have rolled over twice.

          4. Bernie corrals the disgruntled then hands them back to DNC for a payoff.

            I don’t believe this. I think Bernie tried as hard as he could to win the nomination twice, then begrudgingly endorsed Clinton and Biden.

          5. If he did, he wouldn’t have rolled over twice.

            Or got rolled over. But yeah, valid point. I honestly think even today if he did it right he could lead the polls as a third party candidate. But he does seem to have a strange loyalty to the DNC…or just likes staying alive.

          7. That’s your lack of due diligence, not mine.

            There is no such thing as due diligence when it comes to opinion. Opinions are not facts.

          8. If Bernie were as principled as you think, why didn’t he support his supporters in their lawsuit against the DNC after the 2016 election?

          12. These words are used differently in sentences, so it’s important to know when to use were vs. was.

            Was is used in the first and third person singular past. It is used for statements of fact.

            Were is used in the second person singular and plural and first and third person plural. It is used in the subjunctive mood to indicate unreal or hypothetical statements. The words if and wish usually indicate the subjunctive mood.

          13. used in the subjunctive mood

            OK. Explain the phrase “I’m a stab you.”

            Not that I’m going to stab you.

          14. OK. Explain the phrase “I’m a stab you.”

            Closely related to “I be angry”

          15. “I’m a stab you.”

            WAG: I’m going to stab you -> I’m gonna stab you -> I’m gonna stab you

            IIRC, she also used the word caucacity meaning the audacity of white people. This is a Harvard student/graduate?!

    5. “…the fourth House incumbent to lose this cycle”

      The natives are restless.

    6. She’s 33 years old. I’m old enough to remember when the MSM would get reaaaaaaly excited when a young woman beat an incumbent man in a primary. AOC shocked the world!!!! Isn’t she awesome? So screamed the NYT, CNN, MSNBC, WaPo and the rest. So surely the same kind of headlines are written about Boebert. Oh right, they only get excited when a Dem woman does it. When a Republican woman does it it’s an “in other news” type coverage.

      1. Two Democratic lawyers in St. Louis wave guns at BLM protesters marching past their houses. So many things wrong with this picture…where do I begin. First, Democrats brandishing firearms is like watching a dog walk on his hind legs – it’s just unnatural and wrong. Second, and more important, these idiots clearly lack the training and/or common sense to own firearms. The first rule of firearm safety is NEVER point a weapon, loaded or not, at anything you don’t intend to shoot. Pointing firearms at people walking past your mansion who pose no threat to you is proof positive that you are too stupid and reckless to own firearms. The fact that they’re registered Democrats tells you they probably aren’t morally or mentally fit to own firearms, but that’s not my call, unfortunately.

        https://www.dailymail.co.uk/news/article-8476067/St-Louis-lawyers-brandished-AR-15-handgun-protesters-investigation.html

        1. The “protestors” were trespassing on private property. Take a look at all the looting, violence and chaos they experienced a few weeks ago. What would you do to protect your home of 32 years that you painstakingly restored?

          2. I’ve been in that neighborhood. Its one of those places where rich folks think they have the right to close public streets and make them private. Regardless the street in front of their home is still quasi public and easily accessible to pedestrians.

            The protesters weren’t coming for them — they were marching toward the mayor’s house a few blocks away.

          3. Regardless the street in front of their home is still quasi public and easily accessible to pedestrians.

            Are you certain about that? What does “quasi” public mean in this context? Seems like either the general public has the right to come and go as they please there or they don’t. That squishiness just became critical to resolve legally if it isn’t already. I don’t personally believe that gated communities create safety but some people bet a lot of money on it and will want answers.

          4. Typical lefttards hating everyone who has anything they dont. Maybe they could whine less and work more? Nah, that takes real effort and is beyond the reach of people whose ancestors never even developed a written language – a clear indicator of low IQ. But they was kangz, lol!

          5. “…all the looting, violence and chaos…”

            Fortunately, most of those burned-out businesses will look like that around election time. What will happen when The Incumbent wins a second term?

          6. What will happen when The Incumbent wins a second term?

            Can’t burn down what’s already been destroyed.

          7. “Can’t burn down what’s already been destroyed.”

            Indeed. Seek combustibles in another neighborhood?

        2. Rampant rush to judgment and media spin these days are more frightening then these two brandishing guns, poor form notwithstanding.

        3. Plenty of my fellow veterans are Democrats and well trained. Plenty of my fellow rust belt union card carrying Democrats conceal and carrier. The 2nd amendment is well like by many regardless of party base. It’s the reason it’s still exist. Your comments are short sighted and cause a giant yawn.

          1. How would anyone know if the protestors aren’t coming for them? Remember the protesters said “We are coming for the suburbs next.” Conservatives (and these Dems) took that warning seriously and were on hand to protect property from potential looters.

          2. That girl who was threatening to stab the next person who said “all lives matter” and was later crying because she lost her job…it makes me think that lefties don’t understand that conservatives take violence seriously. Both threats from others as well as their ability to use it to defend themselves. It’s not a game for people with something to lose. That lack of understanding definitely seems to contribute to a communication gap between the sides.

          3. That girl who was threatening to stab the next person who said “all lives matter” and was later crying because she lost her job

            “Experience keeps a dear school, but fools will learn in no other.”

  7. UHS just sent me this listing again. I’ve posted it before:

    $99,0002 bd
    1,817 sqft
    Price cut: $11K (7/1)
    4210 E Mojave Ln, Bullhead City, AZ 86429

    https://www.zillow.com/homedetails/4210-E-Mojave-Ln-Bullhead-City-AZ-86429/8391448_zpid/

    This is a HUD foreclosed shack. HUD initially lists with the loan amount.

    7/1/2020 Price change $99,000 (-10%)
    5/28/2020 Price change $110,000 (-12%)
    4/24/2020 Listed for sale $125,000

    If HUD loaned 125k (IIRC it was first listed for more) this loan is as bad as any made last decade.

    1. Is it common practice for HUD to wipe away price/sales history before posting listings? None of the public sites – Zillow, Realtor, Estately, etc – have any price history before 2020 for this place. It was built in ‘84. If HUD made a loan, it has to have a history before and then when it was foreclosed. So are there people working for HUD/our government whose job it is to erase price histories?

      2. In a case like that, it’s worthwhile to poke around the County websites and look for land records.

        I’ve learned to find out prior sales, and in many cases the counties post the recorded mortgage.

        I was able do a little detective work on one property that caught my eye. It turns out the seller bought another property in the same subdivision and closed on the new one in May. Now that the July mortgage payment is due, they cut the price by $10k, or just under 5%.

        Effectively, they are competing with the builder, and the builder’s new product is better located in the development.

        You just need to educate yourself and do your homework.

        1. Whatever you do, don’t pay more than construction cost (lot, labor material and profit) for a new house. A third less for a used house.

        2. “You just need to educate yourself and do your homework.”

          Absolutely. Due diligence is vital. Having gotten the run around from HUD myself in the past I did find it curious that the price history for this property was erased across all public sites. Despite some info gaps, Zillow still posts the price history for many properties currently for sale, and if they don’t, you can usually find it at one of the many competing free sites. So is this a blackout across all listing sites, refusing to post price histories for foreclosures/HUD sales? Or did HUD go to each one and ask that info be taken down? Will have to look up some other HUD sales to see if this is common across the board.

    2. This part of Arizona is weird. This house is in a development(?) of 2 street blocks 10 miles north of Bullhead City. A little east (Golden Valley) has blocks of named dirt roads with very sparse house, maybe one per block.

      Any desert rats out there who can tell me what people are doing when they live out there? There’s clearly not much farming. Ranching? Collecting government cheese? Then again, there’s plenty of sparse single-wides in the rural East and I’m not sure what they do either.

      1. Any desert rats out there who can tell me what people are doing when they live out there?

        METH. And lots of it.

    2. Sceoll that map over to the west and Binney Park where I played baseball and watched the fireworks when I was a kid. Then see if you can find Midbrook Lane off Laddins Rock Rd where I grew up in what used to be one of the United States.

  9. Washington Post has an article up that Pfizer has promising results on one of their RNA vaccine candidates. They are getting good antibody response so far, in 45 test subjects. The downsides are 1) you need two doses of the vaccine (not a dealbreaker) and 2) you get chills for a day as a side effect (also not a dealbreaker).

    The commenters are hoping that the vaccine isn’t ready until after the election so that Trump doesn’t get the credit. We still don’t know how long those antibodies last.

  10. Although I would normally post something along these line in the previous thread, occasionally I think it is important enough to put something in amongst the housing posts of a new thread to remind people here of just what kind of people are walking around out there and remind them to be aware of who and what surrounds you.

    “Harvard senior Claira Janover threatens to stab anyone who says ‘all lives matter.’

    https://twitter.com/AnnCoulter/status/1278089177888960514

    1. LMAO

      Down 2 videos on that link.

      BLM Punks meet the Crips

      Guess who walks off the battlefield? 🙂

      Art TakingBack Flag of United States
      @ArtValley818
      ·
      19h
      Crips gang stops Antifa/BLM looters from looting and kicks them out of Long Beach 👇🏼👇🏼

    2. Claira no doubt got in to Harvard based on her high SAT scores, her superior aptitude, and her stellar scholastic achievements.

      2. Claira does have quite a vocabulary, I didn’t know there was such a word as “caucacity”.

        She said…

        “The next person who has the sheer nerve, the sheer entitled caucacity to say all lives matter. I’ma stab you! I’ma stab you and while you’re struggling and bleeding out, I’ma show you my paper cut and say… my cut matters too”

        Caucacity is the audacity of white people. Meaning, the willingness to take bold risks only white people feel safe doing.

        https://www.urbandictionary.com/define.php?term=Caucacity

      3. No doubt studying theoretical physics.

        Who are we kidding? She probably couldn’t pass basic calculus. Probably a DACA “dreamer” hand picked by the campus bolsheviks to carry on the revolution.

  11. Apartment sales were down 54% in the second quarter compared with the same quarter in 2019.

    Is that a lot?

  12. “Donna Olshan, a broker who closely follows the luxury market, said there was no way to predict where the market will go in the middle of a pandemic. ‘There is no data that tells me this is a positive situation,’ she said.”

    Yes, but what do your FEELINGS tell you, Donna?

  13. ‘We can’t pay the rent. We can’t pay our car payment. We can’t pay our bills,’ Rodriguez said.

    Sounds like you were living beyond your means, Sonia.

    1. Well, they were living the way Corporate America wanted them to live – As soon as you are ‘out on your own’ and get a job, it’s ‘get on the treadmill’ and keep running in place so you can trade up over and over and over again:

      Apartment w/ Roomies -> Solo Apartment -> Starter Home -> Regular Home -> “Nice” Home -> Nursing Home

      Crappy Beater car -> “Ok” Used Car -> first new (econo) car -> first CUV/SUV -> first Luxury Car -> hearst

      first BF/GF -> first ‘serious’ BF/GF -> first engagement -> first spouse -> first divorce -> first rebound -> second spouse (repeat 1d6) -> Widow(er)

      etc, etc…

      1. LOL@ I’m just gonna skip most of that and be a rich renter living far below my means. That hamster wheel lifestyle of debt based consumption is just not worth it.

        #ClownWorld gonna clown.

        1. yeah. but if you think about, our entire economy + society is set up depending on most people doing that –

          Growing up they are bombarded with messages of what to do as an adult and to always be striving to get to the ‘next level’ (and never be satisfied with what they have). And at every step of the way are the companies offering to “help” them on their journey – i.e. capture them as consumers and debtors before the other companies can.

        2. I’ve so far managed to stop after item three on your list. Six and seven seem eventually inevitable, along with taxes. But I will avoid four and five if at all possible.

          1. Yeah, not sure if 4 and 5 are in the right order. But I’m just avoiding disease at this point either way.

          2. I’d guess 5, and sometimes 6, normally precedes 4. I plan to avoid all of these to the extent possible.

          3. If 5 didn’t come before and cause 4, it will certainly make a run at you after 4.

            Neither Mrs Spiffy or I are advocating marriage to our High School age sons (we’re subtly dropping hints that getting married is a really bad idea, however).

          4. getting married is a really bad idea

            That’ll curb population growth unless you’re also advocating children out of wedlock. I started down that path and changed my mind.

          5. That’ll curb population growth

            There are several billion people who would be happy to immigrate to keep US population growing.

          6. That’ll curb population growth unless you’re also advocating children out of wedlock. I started down that path and changed my mind.

            Realistically, we’re hoping they just put it off until their mid-30s. It’s hard to keep young people from doing stupid things.

          7. who would be happy to immigrate

            With American values is the question. What kind of country will my disabled son be left to live in when I’m gone?

          8. What kind of country will my disabled son be left to live in when I’m gone?

            You won’t like it.

      3. I never had roommates post college. It always seems weird to me when I see people in their late 20s or older living with roommates. Yeah I know apartments cost a lot in some cities but still, if you cant swing rent on your own by then maybe you need to re-evaluate life choices.

        2. One of my co-workers made a deliberate life choice to live in an apartment with a roommate and pack away money. It’s working for him.

        3. Having roommates in some cities, like NYC, can be VERY worthwhile. Better place, cheaper monthly rent. It’s all about supply and demand. You just need to really know and like the person or people you’re living with. If you work insane hours and travel for business, why not.

      4. Our ability to be brainwashed never ceases to amaze me. The human desire to belong…to be accepted is so strong, most people will purposely avoid questioning even the most twisted, toxic, or just plain banal and idiotic socially-accepted zeitgeist of the larger group.

        The number one regret of the dying: “I wish I had the courage to live a life true to myself, not the life others expected of me.”

        Most people will read this and say, ” of course, hell yeah, you should live a life true to yourself.” Yet tragically, they’ll all cue up like wide-eyed robots, get right in line with the rest of the lemmings and run right off the F’ing cliff.

        Introspection, self-analysis? F*ck that they all say…after all…”he who dies with the most toys wins, right??!!”

        1. Just watch them plunk down $1000+ they don’t have to replace a perfectly good smart phone.

          1. Still rockin’ a 6 1/2 year old Samsung Galaxy S5. It works perfectly, so I hope to get another 6+ years out of it. There have been little to no improvements in that whole time.

  14. ‘When rent goes unpaid that creates a domino effect, that can ultimately lead to them losing that rental property to foreclosure,’ Howard said.”

    And just like that, Howard earned his big bucks.

  15. That means that new apartments will be hitting the market even though the jobless rate in the Reno area reached nearly 20 percent.”

    Oh dear. I’m no real estate expert, but I foresee some serious sawin’ and slashin’ if landlords want creditworthy tenants.

  16. ‘We hit the brakes, and it looks like we’re not going to get into a big wreck.’”

    You keep telling yourself that, Ron, and we’ll pretend to believe it’s true.

  17. You don’t see any people going to work so it’s desolate.

    Yeah, that tends to happen when people aren’t out earning paychecks.

  18. “Mayor Michael Hancock on Wednesday said the city is working to establish temporary, managed campsites for people experiencing homelessness in Denver.

    Hancock also announced his support for a sales tax increase for additional funding for homeless support services.

    Hancock this week began directing city officials to guide people living in homeless encampments in the downtown area to motel rooms, shelters and temporary managed campsites known as “Safe Outdoor Spaces,” according to a news release from the mayor’s office.

    When it comes to selecting where the managed campsites will be located, Hancock acknowledged that “we anticipate that folks will not agree” on the program or the locations.

    https://www.thedenverchannel.com/news/local-news/denver-mayor-announces-support-for-managed-homeless-campsites-sales-tax-to-fund-services

    1. and temporary managed campsites known as “Safe Outdoor Spaces

      Soon to become permanent Hancockvilles.

    2. “…Mayor Michael Hancock on Wednesday said the city is working to establish temporary, managed campsites…”

      If anyone in an elected office uses the word “temporary”, run in the opposite direction.

      The only thing that is “temporary” is an elected official’s memory.

  19. So long as Uncle Sam is willing to continuously dig an ever-deepening debt crater which he will never be able to refill, the stock market should do quite well.

  20. Despite the desperate efforts of the Fed’s bullion bank and trader accomplices to suppress the price of gold through naked shorting, derivatives manipulation, and dumps of paper (non-existent) gold, the precious metal breached the $1,800 ceiling today. As more and more people wake up to the fact the Fed is printing us down the road to Weimar 2.0, the stampede into the safety of precious metals is going to be epic.

    https://www.bloomberg.com/news/articles/2020-06-30/gold-climbs-above-1-800-oz-for-the-first-time-since-2011?sref=5CqwjcI3

    1. When you stop spending money on overpriced used housing, overpriced and rapidly depreciating vehicles, subscription TeeVee, other random knick knacks as a barometer of consumption, you’ll find yourself with alot more money (to save and not spend) and alot more time (to research who you shouldn’t give your money to).

      You don’t even have to pick up a gun, all you have to do is STOP GIVING THEM MONEY.

      1. You don’t even have to pick up a gun, all you have to do is STOP GIVING THEM MONEY.

        They can always raise your taxes, or worse. Remember during the Clinton admin when they floated the idea of confiscating 10% of all 401K and IRA balances? President Kamala Harris would be quick to sign that bill.

        1. “…They can always raise your taxes, or worse…”

          “…floated the idea of confiscating 10% of all 401K and IRA balances…”

          Isn’t this the essence of the argument to buy physical gold, silver, etc?

          1. Confiscation of 401K is not the incentive to buy gold, and especially not physical gold.

            Ironically, retirement accounts haven’t been confiscated (yet), while gold was confiscated in 1933. However, godl confiscation was before computers and internet. Nowadays, it would be a LOT easier to confiscate retirement accounts — or even gold ETFs — electronically than it is for agents to go house to house looking for Krugerrands.

            The motivation to own gold are:
            1). It’s a store of value. The rule of thumb is that an ounce of gold will buy a nice Italian-made men’s suit. The price of suits has increased in dollars, but the gold coin will still buy one.

            2. Gold is the only* asset with no counterparty risk. For any asset, there is a counterparty on the other end who must back the asset in order for the paper to have any value. For an IRA, there are two counterparties: the broker who will back your shares in dollars and the USgov who will back the dollars. But precious metals don’t need governmental or financial backing. The only counterparty is the concept that humans as a race will accept gold as money, and that has held for 6000 years, so there’s little risk.

            ————-
            *You could make the argument that hard assets such as land and possibly necessary commodities like food or crude oil also have no counterparty. But then there’s a risk of defending your land or oil well.

          2. Gold is the only* asset with no counterparty risk

            A barrel of beans also qualifies, as well as any tangible asset that you can buy and store.

          3. If you’re talking precious metals, I only count the ones you have physical possession of. If it’s just a claim on gold sitting in a vault somewhere, there’s a chance it’s not really there, or it’s oversubscribed.

          4. When I consider PM, I always go back to: how are PM markets not as manipulated as everything else?

          6. Why would China store real gold if they could get away with faking it?

            Who would ever know?

          7. Re Italian Suit

            Cant’t you said that about any physical asset. How many Italian suits did a Median house house cost in 1980, 1990, 2000, 2010 and 2020. Is bet it’s about the same every year. Or gallons of gas. Or pork bellies. Or I don’t know, a set of Michelin snow tires? I’d guess the ratio of all those things to an Italian suit stay constant over the years as well. Gold is just another hard asset nothing really special about it.

          8. According to gold bugs, the gold market IS manipulated, by JP Morgan, among others. Using the crudest of calculations, you simply take the fiat supply and divide by the amount of gold. Pre-COVID, that results in $10K/ounce; post Fed-pump it should be higher. That seems unrealistic, but it’s enough to support the assertion that $1750 is likely low. The theory is that JPM is artificially suppressing gold so they can buy a bunch themselves.

          10. Grizz, yes, you probably can relate gold to any number of hard assets. I think they chose the suit because the correlation was a nice round number: one gold coin = one nice suit. And for some reason, suits seems to be a relatively stable cost. Food or houses or gasoline are more volatile and susceptible to government actions like interest rates or price floors or geopolitical activities (wars).

            And gold does have advantage over other hard commodities. It’s nonperishable (unlike food), not consumed (unlike oil), portable (unlike land), and globally recognized.

  22. I see Zillow is starting to advertise to buy houses again. The Fed gave them a momentary reprieve from the ax and they immediately go all in again…

  23. ‘Two decades of financial disasters from Enron Inc.’s collapse in 2001 to Wirecard AG’s meltdown have left the Big Four accounting firms facing a major cultural problem that regulators may struggle to resolve.’

    ‘The 1.9 billion euros ($2.1 billion) missing from Wirecard’s balance sheet brought the chief executive officer’s arrest, the German payments firm’s insolvency filing and a lot of finger-pointing. Some have blamed German regulator BaFin for its oversight failures. Wirecard’s auditor, Ernst & Young, called it an “elaborate” fraud that even a very rigorous probe may not have discovered.’

    ‘It’s a systemic problem facing not just EY, but also the other members of the Big Four: KPMG, Deloitte and PriceWaterhouseCoopers, according to Atul Shah, an accounting and finance professor at City University of London.’

    “After the 2008 crash, hardly any auditor was fined or went to jail over their failure to warn society,” Shah said. “After that it got worse — the common factor is the cultural problem.”

    ‘The Big Four have each developed lucrative advisory arms to compete with McKinsey & Co. and other firms to provide the opportunity for revenue growth and brand building that accounting doesn’t. However, regulators say that creates an inherent conflict of interest and encourages the auditors to be restrained in their audits to protect consulting opportunities.’

    ‘Sven Giegold, a German member of the European Parliament, has called for the legislative body to open an investigation into Wirecard. He’s also asking the European Commission, the EU’s executive arm, to review its rules on auditing.’

    “We have to end the wrong incentives for statutory audits,” Giegold said, adding that “audit firms have to be fully separated from advisory business.”

    https://www.claimsjournal.com/news/international/2020/07/01/297981.htm

    So in other words, it’s the same set-up as Enron.

    1. “Have left the Big Four.”

      Down from the Big Eight. There is part of the problem right there, in every industry.

    2. “Some have blamed German regulator BaFin for its oversight failures.”

      Sounds like more than failure at BaFin. An Economist article this week remembered that in 2019 BaFin actually 1) “filed a criminal complaint against two FT journalists and several short-sellers” after the FT published an expose on Wirecard, and 2) banned short-selling in Wirecard, “citing risks to the economy and market stability.”

      It’s an upside-down world when the press and short-sellers expose a fraud and the regulator files criminal charges against the accusers and protects the accused.

  24. Florida sheriff says he’ll deputize lawful gun owners if law enforcement can’t handle protesters

    Clay County Sheriff Darryl Daniels ends the video by saying, “You’ve been warned.”

    Author: 10 Tampa Bay
    Published: 2:32 PM EDT July 1, 2020

    In the three-minute video, the northwest Florida sheriff calls out “the mainstream media” and protesters as godless dissidents. He tells people to not “fall victim to this conversation that law enforcement is bad, that law enforcement is the enemy of the citizens that we’re sworn to protect and serve.”

    Daniels also tells protesters to stay out of Clay County, which is a suburb near Jacksonville.

    “If we can’t handle you, I’ll exercise the power and authority as the sheriff, and I’ll make special deputies of every lawful gun owner in this county and I’ll deputize them for this one purpose to stand in the gap between lawlessness and civility,” Daniels said.

    Daniels ends the video with, “You’ve been warned.” The video has racked up more than a thousand shares as of Wednesday.

    https://www.10tv.com/article/news/nation-world/florida-sheriff-says-hell-deputize-lawful-gun-owners-if-law-enforcement-cant-handle-protesters/530-a7ae98dd-b76c-43df-9356-a557067c8d66

      1. I know, we’re supposed to bend the knee, wear ashes and sack cloth and ask forgiveness for something we never did.

      2. “You should sign up and work out some of that ethnic aggression.”

        Nice job attempting to play the Race Card, you should ask Al Sharpton for a job.

        If you knew me or paid attention to ALL of my posts you would find I call a piece of sh#t a piece of sh#t based on content of character not the color of skin.

        jeff
        June 30, 2020 at 6:48 pm
        Now here’s a POS white kid that really needs his @ss kicked.

        Resident Who’s Sick Of Hundreds Of BLM Signs Across The Street From House Rips Them Down, Gets Assaulted😬

        10 hours ago

        https://twitter.com/RayGarciahawaii/status/1277882681922064386

        jeff
        June 30, 2020 at 6:54 pm
        Two or three on one tough guy.

        I am going to do a quick calculation to figure out what the chances are that Punk would have acted that way if there were three people tearing down signs and he was by himself.

        I’m done. 0%

        Pulling that sh#t in front of kids, he really needs to be taught a lesson.

  25. Here’s some more bad news to help convince Wall Street traders that stocks can only go up from here, as the situation can only improve from now on to the end of time.

    I’m glad my family was able to dine out a couple of times before restaurants are closed again. So far none of us are experiencing symptoms of COVID-19.

    The Financial Times
    Coronavirus business update 30 days complimentary
    Coronavirus pandemic
    Coronavirus cases in California, Texas and Arizona at record highs
    Apple set to close more stores in emerging hotspots as New York delays plan to resume indoor dining
    California’s governor has put an end to indoor dining in 19 counties, including Los Angeles, after the recent surge in cases
    © AFP via Getty Images
    Peter Wells in New York an hour ago

    California, Texas and Arizona were among the US states reporting a record number of coronavirus cases on Wednesday, touching off a new wave of concern about the speed at which the disease is spreading in emerging US hotspots ahead of the July 4 holiday weekend.

    California, which saw some of the earliest cases of coronavirus in the US, had largely escaped the early wave of cases that hit states like New York in the north-east. However, that trend has reversed in recent weeks, after the state began to loosen some restrictions.

    The state’s health department reported 9,740 cases since Tuesday, taking the total number of positive cases in the state to nearly 233,000. Texas reported 8,076 cases, topping a record set the previous day by more than 1,100, with 57 deaths, the biggest one-day increase since mid-May.

    Hospitals in some parts of Texas, which was among the last states to lock down and first to reopen, have been overwhelmed by the sudden rise in cases. More than 6,900 people are hospitalised there as of July 1, a record for the state.

    Houston-based Texas Medical Center — the largest hospital system in the US — revealed on Wednesday there were 1,350 patients in its intensive care unit wards in the area, surpassing normal capacity of 1,330. Patients with coronavirus accounted for 36 per cent of those beds.

    Arizona also reported a record one-day rise in cases, with 4,878 people testing positive over the past day, and a record 88 deaths, the state’s health department said.
    …
    The relentless increase in cases in some states, particularly in the south and west, has prompted businesses and local governments to slow, halt or reverse reopening plans, as optimism that the worst of the pandemic has passed continues to fade.
    …

    1. I’m glad my family was able to dine out a couple of times before restaurants are closed again.

      We’ve picked some stuff up, but intentionally haven’t eaten inside an establishment since February. Looks like it might be quite a while more. One perk of being married to a restaurant owner who can’t go to their own shop is that the food in isolation has been excellent. I may have put on the full covid 19.

      1. You’re lucky and perhaps unlucky as well, if restaurant closures have resulted in lost income.

        We can get by adequately in our home kitchen, but try to support our local restaurants as we are able. Sounds like we may soon be limited again to carryout orders.

        1. You’re lucky and perhaps unlucky as well, if restaurant closures have resulted in lost income.

          The restaurant is her coffee shop in China (it’s a decent menu, we would think of it as a restaurant here). It has remained open and she has continued to work with her staff remotely to keep it open. They were carry out and delivery only for a while in February and March. She just can’t travel easily to work there in person sometimes as she normally would. I like getting food from local restaurants but have not suffered at all from not being able to sit down inside them. I’m fine with carry out/drive through.

      2. We’ve picked some stuff up, but intentionally haven’t eaten inside an establishment since February.

        Same here.

        1. Why Tesla Stock Jumped Today
          Investors are buying up shares ahead of the electric-car maker’s quarterly vehicle deliveries update.
          Daniel Sparks
          Jul 1, 2020 at 4:21PM

          Shares of electric-car maker Tesla jumped on Wednesday, rising as much as 5.1%. By the time the market closed, however, the stock had settled to a 3.7% gain.

          The growth stock’s gain comes as one analyst expressed some optimism for Tesla’s second-quarter deliveries, which the company will likely report anytime between now and Friday.
          …

        1. Just keep reassuring yourself that these numbers are fake, and you’ll have nothing to worry about.

          Coronavirus pandemic
          US daily coronavirus cases jump by more than 50,000 for first time
          California, Texas and Arizona set records as Apple and McDonald’s rethink reopening plans
          Houston-area hospitals have been stretched past capacity as a results of new coronavirus cases
          © Getty Images
          Peter Wells in New York
          3 hours ago

          The number of new US coronavirus cases surpassed 50,000 for the first time ever on Wednesday, propelled by record rises in some of the most populous states, including California and Texas.

          The surge in cases has increased concerns about the speed at which the disease is spreading in emerging US hotspots ahead of the July 4 holiday weekend.

          A further 52,982 people in the US tested positive for coronavirus over the past 24 hours, according to Covid Tracking Project, topping the previous record increase from June 26 by more than 8,600. Throughout the month of June, the daily case rate in the US rose 105 per cent.

          California, which had some of the earliest cases of coronavirus in the US, had largely escaped the early wave of cases that hit states such as New York in the north-east. However, that trend has reversed in recent weeks, after it began to loosen some restrictions.

          The state’s health department reported 9,740 cases since Tuesday, taking the total number of positive cases there to almost 233,000. Texas reported 8,076 cases, topping a record set the previous day by more than 1,100, with 57 deaths, the biggest one-day increase since the middle of May.

          Hospitals in some parts of Texas, which was among the last US states to lock down and first to reopen, have been overwhelmed by the sudden rise in cases. More than 6,900 people are hospitalised there as of July 1, a record for America’s second most populous state.
          …

          1. US daily coronavirus cases jump by more than 50,000 for first time

            It’s abundantly clear this thing needs to just burn through the entire population – or most of it.

          2. My guess is that California had the Chinese strain first, but now they’re contending with the more contagious European strain.

            I’d rather protect myself to buy time for the medical establishment to get a better handle on this disease, especially for that portion of the population that suffers for months, or recovers and has after-effects. That might mean getting Trump out of office so that the bumbling authorities feel freer to use real treatments like HCQ and D.

          3. Throughout the month of June, the daily case rate in the US rose 105 per cent.

            Not mentioned is that the number of daily tests doubled during June. America has a problem thinking.

          4. freer to use real treatments like HCQ

            Would we have known about HCQ if it weren’t for Trump? I think not.

    3. The latest CV numbers are based on computer models and not on actual tests results. The significant majority of new cases are people who have never been tested but are predicted to be positive based on contact tracing and proximity to a positive case. Also the new guidelines don’t even require you to have a CV test to be counted as positive as long as you display symptoms such as a cough and runny nose. Remember these are the same people who promoted the Imperial College CV model that predicted over 2 million dead, a number derived from an algorithm that was later demonstrated to be flawed.

      1. Doesn’t much matter at this point. It’s loose, and nobody is going to do anything effective to contain it in the US. We just have to let it burn.

        1. Modeling easy: Simply multiply the number of contacts by the transmission rate of…. ummm…..erm….’bout tree fiddy.

          1. “Modeling easy: Simply multiply the number of contacts by the transmission rate of…. ummm…..erm….’bout tree fiddy.”

            This BS was posted day after day right here, Modeling easy as long as nobody goes back and looks at it later.

            How One Model Simulated 2.2 Million U.S. Deaths from COVID-19

            By Alan Reynolds
            April 21, 2020

            https://www.cato.org/blog/how-one-model-simulated-22-million-us-deaths-covid-19

            PS

            Big ups for your Biden like…

            “…. ummm…..erm….”

            https://youtu.be/PpMAd7uXMSY

      3. Dammit. I didn’t want to believe the rumor that they are just assuming cases. But on the other hand, in order to get 50,000 positive tests 50,000 cases per day, that’s, what, 200,000 test kits, every day? How did we suddenly manufacture, test, or process two million test kits in a month? They have to be fudging somewhere.

        I’m tired of government talking to me like I’m a second-grader. They should at least report confirmed positive cases and contact-trace cases separately. We’re smart enough to figure that out.

        1. 50,000 cases per day, that’s, what, 200,000 test kits

          If the positive rate is 10% that’s 500,000 tests per day, or 15 million in a month. Last I saw a statistic, the average positive rate was only 6%.

    4. The Financial Times
      Coronavirus business update 30 days complimentary
      Federal Reserve
      Fed’s Bullard says risk of financial crisis remains
      St Louis president warns of wave of bankruptcies without public health measures
      James Bullard, president of the Federal Reserve Bank of St Louis, says it’s ‘probably prudent’ to maintain US central bank support for the capital markets
      © Alastair Pike/AFP/Getty
      James Politi in Washington yesterday

      A senior Federal Reserve official has warned that a wave of business failures owing to the pandemic could still trigger a financial crisis, as he justified the central bank’s continuing efforts to prop up capital markets.

      “We’re still in the middle of the crisis here,” James Bullard, president of the Federal Reserve Bank of St Louis, said in an interview with the Financial Times on Wednesday.

      “Even though we got past the initial wave of the March-April timeframe the disease is still quite capable of surprising us,” he said. “Without more granular risk management on the part of the health policy, we could get a wave of substantial bankruptcies and [that] could feed into a financial crisis.”

      Mr Bullard’s comments came as Fed officials were assessing the economic impact of a new spike in infections in large US states including Texas, Florida, California and Arizona, which threatens to derail the nascent rebound from the initial pandemic shock.

      “In any crisis, I think we need to keep in mind that there can be twists and turns, there can be another shoe to drop, and that could happen here,” he said. “And for that reason I think it’s probably prudent to keep our lending facilities in place for now even though it’s true that liquidity has improved dramatically in financial markets.”

      The Fed has faced criticism that it has gone too far in its efforts to shore up financial markets — artificially inflating asset prices and helping corporate America at the expense of Main Street, while adding to income inequality.

      The Fed now has two facilities in place to buy corporate debt in the primary and secondary markets, including bonds that have fallen into higher-risk “junk” territory — terrain into which the US central bank had never ventured before.

      Mr Bullard acknowledged the schemes were “controversial” but said corporate debt liquidity had been “sorely tested” early in the crisis and the Fed facilities served as an important “backstop” even if they were not being used much.
      …

  26. I am highly skeptical about the conclusions of a new study claiming no effect of the recent riots in the U.S. on COVID-19 transmission. How does one possibly quantify the behavioral effects of a general breakdown in societal discipline on the ability to maintain social distancing measures? One can’t assume this is narrowly contained to the places where rioting occurred. It could also be informative to know who funded the study.

    However, there was one big positive economic impact of last month’s riots: A big jump in gun sales.

    1. Gun sales soar 145% in June amid protests, coronavirus pandemic
      Stephanie Pagones
      3-4 minutes

      More than 2.3 million guns were sold in June, a 145 percent increase from the prior year, with experts attributing the staggering number to unrest in the wake of George Floyd’s, according to statistics released Wednesday.

      An estimated 2,387,524 guns were sold in June 2020, data from Small Arms Analytics and Forecasting show. SAAF examines the raw data obtained from the FBI’s National Instant Criminal Background Check System, or NICS.
      …

    2. U.S.
      Protests Didn’t Cause New COVID-19 Cases, Study Says, as LAPD Reports Spike
      By Daniel Villarreal On 6/24/20 at 7:34 PM EDT

      A recently released study by the National Bureau of Economic Research (NBER) found no evidence that the recent racial justice protests have resulted in increased cases of COVID-19.

      However, on Tuesday, the Los Angeles Police Department (LAPD) Chief Michel Moore directly blamed “challenging conditions officers faced” during the recent protests for a rise in coronavirus cases among the LAPD’s workforce. In the last week, cases among LAPD workers rose from 170 to 206.

      “This was a 21 percent increase and is about twice the rate of our historic rate of change over the history of the pandemic,” Moore said, noting that most of the new cases occurred among officers and “dozens” of civilian employees, according to the Los Angeles Times.

      Moore said only three LAPD employees have been hospitalized due to coronavirus and many others in the past have recovered and returned to work. He also said officers are instructed to wear face masks when possible.

      The department has faced criticism for officers not using facemasks, though Moore said masks have made it difficult for officers to effectively communicate via radio. Lawsuits against the LAPD also claim that officers endangered citizens by packing them into crowded buses upon arrest.

      But while L.A. County Public Health Director Barbara Ferrer called it “highly likely” that the county’s recent rise in COVID-19 cases is linked to the ongoing protests against police brutality (along with an increase in social gatherings and reopened local businesses), the NBER’s study challenges her assertion.
      …

    3. Control of the #Narrative has been lost, but Real Journalists will never admit it, and won’t admit it even when every U.S. city becomes a burned out shell like the South Bronx in the 1970s.

      Money talks, and money walks. Watch it walk out of every dystopian urban neighborhood, urban school district, urban business, and most importantly, urban tax coffer bottomless pit of FAIL.

      “This sucker could go down” — George W. Bush

  27. From The Hill, published in the last hour:

    “The U.S. on Wednesday reported more than 50,000 confirmed cases of the novel coronavirus, as states across the nation paused reopening plans due to a recent surge in infections.

    The figure represented a new single-day high in the country, which has reported approximately 2.6 million total cases of COVID-19 and 128,000 deaths caused by it. Health officials on Wednesday reported about 50,700 confirmed virus cases, according to a Johns Hopkins University database, marking a jump from the previous single-day high of 45,300 cases.

    While the initial epicenter of the U.S. coronavirus outbreak was in New York metropolitan area, states such as California, Texas, Arizona and Florida are now accounting for a substantial portion of the country’s cases.”

  29. “This law, along with the closure of the court system, would allow renters to live rent-free from March 2020 to potentially September and beyond,’ said Noni Richen, president of the Small Property Owners of San Francisco Institute.”

    Well quit whining, Noni. Isn’t the state waiving your property taxes for those months you can’t collect rent?

    Oh.

  30. When I hear the protestors talk it’s alarming how antisocial these people are.

    Really scary how lacking in common decency and empathy they are showing. They are like brainwashed drones of hell children who are really deranged.

    Power for power sake with no ability to compromise or even reason. No doubt a lot of them have been messed up by antidepression medication along with all the brainwashing.
    People just have to boycott the college’s as well as Big Pharma mind bending of the youth for profit.

    The original concept of mass education was to have a educated population to make well though out decisions. Education today is to create a non thinking drone that lifts one arm in a Communist jesture.
    These hell children need to be de programmed like you would a victim of a cult.
    Giving in to these disturbed people is not the solution. They are trained to not ever entertain a thought that is contrary to the Commie ideas. This was a well thought out program by Commies to corrupt the youth and overthrow the USA. It’s very disturbing but I’m glad they are showing their true colors lately so at least it obvious what we are dealing with. A lot of true colors coming out in the last 3 to 4 years.

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