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No One Will Make Buyers Unhappy On The Price

A report from Business in Vancouver in Canada. “Metro Vancouver’s condominium rental market – which involves approximately 69,000 units owned by investors is riding out the pandemic well, but tenants are increasingly taking over the driver’s seat. ‘The condo rental market has definitely come off. It is down 10% to 20% [in rents], and we are seeing higher vacancies,’ said Birds Nest Properties company director Michael Leung. About 5% of Birds Nest properties are currently vacant, partially due, he said, to some owners holding out for higher rents. All of Birds Nest clients are condo investors who hold one to four rental units in Vancouver, Burnaby or Richmond.”

From Leedsville Live in the UK. “Owners of the county’s fanciest homes have been slashing their prices to attract buyers. YorkshireLive has found a selection of the county’s most expensive properties on sale with significant price reductions. We’ve found a mansion – with a helipad, no less – on the market with almost a third of the price knocked off. And we’ve discovered another stunning country retreat where its owners have shaved £700,000 from the previous price.”

“When we featured this six-bedroom 1860s mansion, near Bradford, in January 2019 it was on the market for £1,450,000. Now there’s a discount of almost a third up for grabs.”

From Hungary Today. “Both the government and the Municipality of Budapest plan to restrict short-term house rentals in the capital, which could completely transform the downtown real estate market. According to Ádám Ribarics, head of a company that deals with the rentalof nearly two hundred Airbnb apartments in Budapest, the plans would ruin the Budapest Airbnb market, as the necessary profit could not be made in 120 days. In this way, everyone would rent out their apartments for medium and long term, which would cause a serious oversupply and would revitalize the grey economy.”

“The average rent of apartments in Budapest decreased by 10 percent compared to the pre-pandemic period, but there are places where the decrease even reached 20 percent.”

The Times of Malta. “Increased affordability is what property buyers and renters have to look forward to in the coming months, according to a survey released by Belair Property together with Anchovy/Onest Data. ‘This survey clearly shows a general – and justified – perception that especially in certain segments, the real estate market was overheated pre-COVID-19,’ Ian Casolani, managing director of Belair Property, notes.”

“‘The market needed to be more realistic, and we were, in fact, already seeing price corrections before the pandemic hit. What we’ll see now is the market continuing to settle,’ Casolani said. ‘In certain sectors, property prices will continue to level out and become more affordable. An optimistic view would be that COVID-19 is correcting property prices, bringing them closer to a property’s real value.'”

“The survey shows that a large portion (over 50 per cent) of respondents would need to see a price drop of between 15 and 30 per cent to be tempted to buy property, and 74 per cent of landlords fear for the future of the rental market in Malta.”

The Business Standard in India. “‘Today developers are ready to sell at Rs 40,000 a square foot. Last year, they were selling at Rs 50,000 sq ft,’ says Sudha Kumari, a real estate broker in Dadar, Mumbai. That is a 20 per cent lower than last year’s prices. ‘Developers are worried about their loans. They want to sell but buyers are in no mood to buy now,’ Kumari said, indicating the desperation of developers.”

“Kumari is bang on. Sunil Solanki, a real estate investor in the same area, says he will buy properties when prices come down to 30 per cent. ‘There are good opportunities to buy now but I feel prices will correct further,’ he says.”

“Property developers are resorting to price cuts across Mumbai’s main residential markets. Mumbai’s property markets, where prices earlier crossed Rs 1 lakh a sq ft, are seeing a 20-25 per cent markdown today from last year’s level, say some local brokers that Business Standard spoke to. This is probably the biggest decline in the past decade.”

“If central Mumbai developers are stressed for funds, in markets such as Thane, it is the oversupply which is forcing developers to slash prices, local brokers said. Local brokers already see the prices crashing. Says Vinit Matlani, a prominent broker in the region: ‘In Thane, prices are easily down by 20-25 per cent. All developers have cut prices. If you make full payment, there will be further discounts,’ Vinit Matlani said.”

“He said all reputed developers such as Lodha, Kalpataru, Piramal Realty and so on are offering discounts. ‘No one will make buyers unhappy on the price front,’ he said.”

“Many say the price cuts are desperate attempts by developers to generate sales which were subdued for the past five to six years due to inflated prices. ‘This is a buyer’s market. Developers are ready to do anything. There is a complete deadlock. There are no sales, no transactions, no registrations,’ said Rajesh Mehta, a prominent consultant in Western suburbs of Mumbai. ‘The situation is worsening. Nobody knows what is happening,’ he says.”

The Australian Financial Review. “The median auction price for Sydney houses has fallen by 1.5 per cent since February, while units dropped 4 per cent, pointing to a further slide in the June quarter. The median auction price for houses across Melbourne has dropped 5 per cent since February, while the auction price for units tumbled 4 per cent. AMP Capital chief economist Shane Oliver said the robust improvement in clearance rates hid the underlying weakness in the housing market.”

“‘There was a recovery in the sense that there’s more property transactions occurring, but I don’t think it was a recovery in the underlying conditions as reflected in prices,’ Dr Oliver said. ‘The whole market has been distorted by the lockdown initially, which led to a collapse in sales and auction clearance rate. So when you see sales and clearance rates going up, that looks like a recovery, but in reality, it was just a recovery from the distortion. It’s not an actual recovery in the property market per se.'”

“Dr Oliver said the uptick in virus cases in Melbourne would further weaken the market and add downward pressure to housing prices. ‘The lockdown poses a renewed threat to the economy, which ultimately is a negative for the property market,’ he said. ‘I was looking for around 10 per cent price drops in Melbourne and Sydney. With the virus outbreak, the risk of a 20 per cent house price fall has emerged again. The market is in a pretty precarious situation at the moment.'”

This Post Has 81 Comments
  1. Wow. Some major shootings in the deep blue cities over the weekend. 80 shot and 17 dead in Chicago alone.

    To include children.

    No one is going to buy a house and live in those cesspools…

        1. How do you correct gang infected communities? This came about because of the Welfare State , which is corrupt. All they want to do is lie about the cause of the violent shootings in these hell holds. Just throw more money at it.
          And the false narrative that White culture or Western Civilization is the fault is a lie.
          Now you have a defunding of Police and attack on Civilization and White privilege is the fault.

          Until we put a Commie gang member in the White House we aren’t diverse enough.
          Law and order is just to much White privilege.

          1. Welfare is caused by the existence of people that civilization has no use for, and like any system involving money, it’s corrupt. I don’t get why the useless people need to be demonized. The vast majority of them are simply not capable of providing any service of monetary value in our increasingly automated world. If they do become useful and get a job, they just push somebody else out of the labor market. It’s going to get worse as automation increases.

            My view is, it’d be better if they didn’t exist, but our Christian morality prevents us from addressing that problem in any meaningful way, and also dictates that we don’t let them starve. Jesus’ teachings have us in a bit of a bind there. As the population of useless grows, Christianity becomes increasingly incompatible with capitalism. Either capitalism will be reined in, or Christianity will have to marginalize Jesus in favor of the prosperity gospel promulgated by the megachurches.

          2. majority of them are simply not capable of providing any service of monetary value

            I have a disabled family member who can cheerfully and reliably do work worth a few dollars an hour, and she wants to work again. Government rules here dictate that even disabled workers must be paid prevailing wage so she cannot work, and the business that supported her work must be closed. So, she’s forced on full welfare.

          3. Government rules here dictate that even disabled workers must be paid prevailing wage so she cannot work, and the business that supported her work must be closed. So, she’s forced on full welfare.

            You sound just like Thomas Sowell which is a compliment in the extreme.

          4. How can you tell what use people are if you take away their incentive to work by giving away free money?

          5. “Government rules here dictate that even disabled workers must be paid prevailing wage so she cannot work, and the business that supported her work must be closed.”

            The minimum wage is a price floor. The predicted result, according to elementary economics, is a glut of workers relative to the available number of jobs. Some top economists at liberal-biased institutions have spent a good part of their careers trying to disprove this irrefutable fact.

          6. “The vast majority of them are simply not capable of providing any service of monetary value…”

            Looks like Patrick Mahomes is getting well compensated to throw a football into the right spot at the right time.

          7. sound just like Thomas Sowell

            It is just my close hand experience. I am her Guardian. I found a work around for her, to preserve her joy of life and self esteem.

            It’s a hell of a thing to have to find workarounds to the destructive “help” of social program directors. Those poor poor people who have no advocate.

  2. Yep.

    The hoax of the lockdowns only added to the implosion.

    ““The market needed to be more realistic, and we were, in fact, already seeing price corrections before the pandemic hit.”

  3. I know that some dont necessarily think that Zillow is the most rigorous research – but this is interesting work (also look at the graph).
    There were 32 million adults living with their parents or grandparents in April, the highest number on record.
    More than 80% of those who recently moved back in with their parents are Gen Zers who pay an estimated $726 million in rent each month. Those payments, about 1.4% of the total rental market, could be at risk if moves home become permanent.
    Among the 50 largest U.S. metros, Oklahoma City, Austin and Nashville have the most exposure to potential rent lost by young adults (aged 18-25) moving back home.
    Roughly 2.7 million U.S. adults moved in with a parent or grandparent in March and April as the coronavirus pandemic spread, potentially costing landlords hundreds of millions of dollars in monthly rent payments and casting doubt on the future mobility of young workers in particular if widespread unemployment continues.

    More than 32 million adults lived with a parent or grandparent as of April, according to a Zillow analysis of Current Population Survey data,[1] up 9.7% from the same period a year ago and the highest level on record. A large majority of those who moved home in March and April — about 2.2 million — are from Generation Z, between 18 and 25 years old.

    But while students returning home after the nationwide closure of college campuses this spring is undoubtedly driving some of this surge, young adults were overwhelmingly driven back home by the major labor market swing in the wake of COVID-19. The number of employed young adults (aged 18-25) fell by more than 25%, or 5.9 million, in March and April. Roughly 60% of these workers that became unemployed in these months continued to look for employment, but more than 2 million were officially counted as no longer in the labor force. And while recently unemployed[2] young people moved back home at roughly the same rate as usual (about 60% of them typically live with parents) the total number of them is bigger than ever

    1. World 11,449,707 534,267 4.7%

      The good news is that this statistic has dropped like a rock over time. It is now closer to 1%. The initial peak of cases was in early April and deaths peaked 10 days later. There was never a spike of sleeper deaths, not significant enough to wobble the national numbers anyway. It’s been over 90 days.

      We’re well into the June explosion of reported “cases” and there is no indication of actual illness increases. None. Anyway, as always, we’ll know something in 10 -14 days.

      1. There could be a seasonality effect on the virus’s severity. Something like the flu, but not as extreme, as the flu almost dissapears in the summer, while COVID-19 is still present.

        Also the shift to lower age groups over time is reducing deaths.

    2. Actually I was commenting on the US numbers.

      U.S. 2,888,635 129,947 4.5%

      Maybe TJ can’t afford to waste money testing healthy people?

      1. That’s the first thought that I had. It’s still incredibly difficult to get tested even in relatively wealthy San Diego. So we’re likely seeing more selection bias to severe cases in TJ due to test rationing — much like in the early stages of the U.S. outbreak.

        1. Yeah, I was thinking that perhaps TJ is only testing people who are already quite ill with all the symptoms.

  4. Maybe this time is different, but in past similar economic episodes, September was around the time when the wheels came off the bus just before it plunged over a cliff.

    Goldman Sachs cuts 2020 U.S. economy’s growth outlook as COVID-19 cases soar
    Published: July 6, 2020 at 8:18 a.m. ET
    By Barbara Kollmeyer
    But economy is likely to get back on track in September, bank says

    Goldman Sachs has downgraded its U.S. growth outlook for 2020, saying a reimposition of COVID-19 restrictions due to surging cases across swaths of the country will weigh on consumer spending.

    That’s according to the bank’s chief economist, Jan Hatzius, in a note to clients sent out over the Fourth of July weekend, which saw the U.S. record nearly 156,000 new coronavirus cases. “The healthy rebound in consumer-services spending seen since mid-April now appears likely to stall in July and August as authorities impose further restrictions to contain virus spread,” the economist and his team said.

    “Over the last few weeks, the COVID situation in the U.S. has worsened significantly to the point where the U.S. is now a notable outlier among advanced economies,” he said, adding that states representing over half the U.S. population now meet just one or zero of the Centers for Disease Control and Prevention–recommended gating criteria for reopening.

    Hatzius now expects a contraction in 2020 U.S. growth of 4.6%, versus a previous forecast for a 4.2% drop. For 2021, the bank is sticking to its forecast for growth to rebound 5.8%.

    The good news is that Goldman doesn’t think the consumer comeback has stalled out completely, and expects the economy will likely get back on track in September, for two reasons:

    “First, other major economies have returned to similar levels of activity while containing the virus, showing that further progress is feasible. Second, policy and behavioral changes such as mask wearing offer opportunities for controlling the virus at minimal economic cost. The recent implementation of a mask mandate in Texas shows that U.S. authorities are willing to adapt,” said Hatzius.

    Inspiration can also be found via how other countries are managing right now, he noted. “Similar economies have clearly found a more efficient way to balance reopening the economy and keeping the virus under control, and we think the U.S. is likely to eventually find its way to a better approach too,” he said.

    1. The virus isn’t contained here, and is growing exponentially again, because we are a divided nation, and wearing/not wearing a mask is seen as a badge of political affiliation. It isn’t going to get better.

      We are reaping the harvest of our verdant fields of communal stupidity.

          1. I don’t know what the restrictions are in AZ and whether they are being followed, so I can’t draw any conclusions about whether grocery workers are a good measure of mask effectiveness. There’s also very little known about how big a role aerosols play in transmission. I don’t think the hankies work so well for aerosols, out or in. But then, must afford some protection, or cases would be even higher in places like Maryland.

          2. There’s also very little known about how big a role aerosols play in transmission.

            That wasn’t the case six months ago, or 10 years ago, or 100.

          1. We’ve been in this non-reality situation for a while, as I mentioned months ago. Why should anyone go out for groceries? We’re all gonna die! Have the national guard deliver essentials, no going out at all!

            I went out for lunch yesterday. Suicide! The fact is we’ll all be so broke-ass if we don’t get the economy going none of this will matter. So instead of acknowledging this, we play around with masks and closing this lemonade stand but not the food truck – oh no shut the food truck – arbitrary horse-sh$t we’ve been subjected too. It’s all a big FARCEI!

          2. ‘People are willing to play Russian roulette with their family’s lives’: Doctor slams behavior in US’

            “Staffing decisions have been made with an eye to maximizing a profit margin by minimizing the size of the health care workforce. As a result, we have a health care workforce that is already strained, working at unsustainable levels of intensity with limited staffing resources in the name of ‘productivity.’ Add COVID-19 to that situation and you have a recipe for disaster,” he said.’


            So this clown is a communist. Life goes on in Arizona. Farcei!

          3. Might not the security blanket feel-good effect of wearing a hanky be worth something?

            Of course it may also confer a false sense of security, encouraging high risk behaviors such as attending mass protests during a pandemic.

        1. So, all the doctors and scientists with applicable expertise who are encouraging facial coverings are clueless?

          1. You are missing the point. I don’t want to wear a mask. Since when do people have the authority to mandate such things?

      1. communal stupidity

        I just saw a woman at the bank wearing a mask and one glove to use the ATM. If and only if that glove only touched the ATM and was properly removed and disposed of was there any point to her wearing it. Whatever she may have touched before the ATM was transferred to the ATM. Whatever she touched during or after use of the ATM transferred to those surfaces.

  5. Here’s more bad real economic news to cheer up the stock HODLers.

    The Financial Times
    Coronavirus business update 30 days complimentary
    EU economy
    Brussels slashes EU growth forecasts
    Commission warns bloc will suffer ‘significantly’ deeper recession than first thought
    The European Commission expects Germany to suffer a recession of 6.3% this year, before bouncing back to growth of 5.3% in 2021 © REUTERS
    Mehreen Khan in Brussels and Martin Arnold in Frankfurt 4 hours ago

    The European Commission has slashed its growth forecasts for the EU economy this year, warning that longer than anticipated coronavirus lockdowns in many countries would cause a “significantly” deeper recession than previously predicted.

    In its first updated economic projections since early May, Brussels said EU gross domestic product would shrink 8.3 per cent this year — a steeper drop than the 7.4 per cent it previously forecast and the worst on record.

    The commission also lowered its forecast for a potential economic rebound in 2021, estimating growth of 5.8 per cent, down from a previous forecast of 6.1 per cent.

      1. I’ll be watching with interest to see just how far they can diverge.

        State and local government impacts such as layoffs and pay cuts for public workers, cuts to services, and tax increases are all in the offing. When that stuff starts happening, will the markets keep going up?

  6. ‘How bad could that be? Well, generally speaking, in the same region, vacancy rates are generally about 4 percent. If we look at non-payment as a doubling of that rate, then from real estate standards it is huge. In times of peak demand, many providers can see effective vacancy rates of zero with 100 percent payment. Even in times with less demand, in cities like Seattle, vacancy rates rarely go above 4 percent and rent is collected from almost every unit. More importantly, an effective doubling of vacancy rates can mean a dramatic shift downward in value. Our research assistant Layla Khdemi did some quick guesswork and calculation to figure out what such a loss might mean for a Class A property.’

  7. ‘Hong Kong’s rental declines accelerated in the second quarter in both the office and retail leasing markets, and overall availability of Grade A office space rising to 10.7 percent, the highest level in 15 years.’

    ‘Rents in Causeway Bay continued to be heavily impacted by a struggling luxury sector. With the biggest quarterly drop among all submarkets, by 25 percent to HK$969 per sq ft per month, the current level represents a drop of 46 percent year-on-year and of 76 percent from the peak in fourth quarter 2013.’

  8. ‘Charlene Chamberlayne, a landlord in downtown Williamsburg, originally bought a house in Williamsburg for her son when he was at William & Mary. But after he graduated in 2015, she started renting the it to other local students.’

    ‘She has added a condition on her lease saying she would refund the security deposit and void the lease if the pandemic caused classes to be canceled again, she said.’

    “So I feel like there’s not very much I can do about [the pandemic] or help out these college students as they try to juggle the changes facing them,” Chamberlayne said. “But I can provide them with housing that’s flexible.”

    ‘She’s also aware that model of leasing isn’t sustainable long-term. She said while a landlord might be able to take a loss for a year, maybe two, at some point it becomes too financially difficult.’

    1. “So I feel like there’s not very much I can do about [the pandemic] or help out these college students as they try to juggle the changes facing them,” Chamberlayne said. “But I can provide them with housing that’s flexible.”

      A landlord with a kind heart? At least she’s being realistic about college student’s economic power.

  9. New case growth rate trajectory not good…

    Health News
    July 6, 2020 / 1:23 PM / Updated 18 hours ago
    Where COVID-19 is spreading fastest as U.S. cases rise 27% in past week
    Chris Canipe, Lisa Shumaker
    FILE PHOTO: Sun seekers gather at Clearwater Beach, which remains open despite high numbers of coronavirus disease (COVID-19) infections in the state, on Independence Day in Clearwater, Florida, U.S. July 4, 2020. REUTERS/Drone Base

    (Reuters) – The United States saw a 27% increase in new cases of COVID-19 in the week ended July 5 compared to the previous seven days, with 24 states reporting positivity test rates above the level that the World Health Organization has flagged as concerning.

    Nationally, 7.5% of diagnostic tests came back positive last week, up from 7% the prior week and 5% two weeks ago, according to a Reuters analysis of data from The COVID Tracking Project, a volunteer-run effort to track the outbreak.

    The WHO considers a positivity rate above 5% to be a cause for concern because it suggests there are more cases in the community that have not yet been uncovered.

    Arizona’s positivity test rate was 26%, up from 24% last week; Florida’s rose to 19% from 16%, and Mississippi was 17%, up from 13%, according to the analysis.

  10. “Go to my website or use the hashtag #LetsGetTheCalOuttaHere,” shouts Gwyneth Paltrow in the Netflix series The Politician. Running for governor on a promise to lead California’s secession from the United States, Paltrow’s character wins with 98 percent of the vote.’

    ‘The scenario may be fictional, but the idea of California independence, once dismissed as a joke, is gaining both cultural currency and real-world urgency.’

    1. ‘And wineries such as Plumpjack Management Group, one of the holdings in Gov. Gavin Newsom’s hospitality company, also received federal aid. It received between $150,000 and $350,000 in funds, federal records show. Larger operations such as Francis Ford Coppola’s Geyserville spread received loans in the range of $5 million to $10 million.’

      ‘Newsom was asked about the funding on Monday during a daily briefing on the COVID-19 pandemic and he offered a curt response. “You would have to ask the people that are running those businesses in a blind trust. Period. Full stop,” Newsom said.’

      End of story!

      1. The hospitality industry is as dead as a door nail. Governor Newsome helped kill it.

    2. The Golden State Should Write a Fairer, More Equal American Constitution for the 21st Century

      I can already envision that “constitution”.

      1. I can already envision that “constitution”.

        Me too. I’m not that old but I honestly never thought I would live to see the day when significant chunks of the population considered the US Constitution a bad thing that they would like to be free of. Despite the hypocrisy sometimes rightfully associated with our foreign policy, that was the one thing that everyone we respected agreed that we had done right and helped the rest of the world with.

        1. never thought I would live to see the day

          Seriously Carl, Liberty and Justice are never perpetual entitlements. They are always suffering erosion and attack. Some effort is required.

          1. Sure, but from my perspective I’m surprised it could happen so fast. I thought there would need to be decades of evidence that the constitution sucked before a large number of people came to that conclusion. But instead they just demonize everyone in power in 1789 and it’s a done deal. Amazing.

          2. But instead they just demonize everyone in power in 1789 and it’s a done deal. Amazing.

            It is quite Orwellian. When I first read 1984 it seemed like a stretch, yet now we have people literally telling us that freedom is slavery and many are buying it, most likely in hopes of getting more gib me dats, though as Apt 401 has rightly pointed out they will instead be handed a shovel and a pick by their new masters and be told to get to work.

            TV is already giving them the two minute hate, though in their case it lasts longer than two minutes

    3. “California is a future-oriented modern democracy with a powerful initiative process that allows its highly diverse population (60-plus percent identifying as non-white) to make laws and amend its constitution directly.”

      Democrats have purchased the California vote by doling-out Medi-Cal and welfare with little resistance turning the social “safety net” into a way of life. Is this a future-oriented modern democracy?

      1. Is this a future-oriented modern democracy?

        It would seem to be, right up until they run out of money. Speaking of which, maybe that’s the real reason why certain states might want out more than others…so they can print their own money.

        1. Whose faces would Clownifornia put on its Calibux? And would they be dollars or would they be dolares? Or would they be Pesos?

  11. Honolulu Star-Advertiser
    Hawaii’s state government is facing a ‘financial crisis’
    Hawaii’s state government is facing a $2.3 billion loss in revenue over the next … “I’m just worried about people’s ability to pay for their food, housing, health care …
    4 hours ago

    But yer all gonna die! Wear yer hanky!

    1. 72 hours is already almost infeasible to reliably get tested and have the results in hand at flight time.

      Surge in cases elsewhere forcing state leaders to reassess reopening plan set for August 1
      Travelers rushed back to the airport in Kona on Tuesday as the 14-day inter-island quarantine was lifted.
      By Lynn Kawano | July 6, 2020 at 6:10 PM HST – Updated July 6 at 6:10 PM

      HONOLULU, Hawaii (HawaiiNewsNow) – Hawaii is still planning on allowing tourists without a mandatory quarantine on August 1, provided they get a COVID-19 test within 72 hours of landing and that test is negative.

      But Governor David Ige admitted in a press conference Monday afternoon that the surge in cases from other states is concerning.

      “I did have a discussion with all the mayors this morning,” Ige said, “We will do an assessment and reassessment of what we see occurring on the mainland right now.”

      University of Hawaii Epidemiology Professor DeWolfe Miller said the state should have unveiled their plan to reopen by now, “We’re very concerned that there’s being pukas put into this whole plan that will undermine the plan and put Hawaii at risk again.”

      Miller said he and other professors and experts from UH offered suggestions but Ige is not taking those, which include a shorter time frame to get tested, pre-travel, “I would like 48 hours, or somewhere in between 48 to 72,” Miller said.

      “72 is a little too long, we don’t want someone to go to a party between the time they get tested and they get on a plane.”

  12. They knew from Ancient Greece that mod rule didn’t work. The mob would just vote to take or come up with dumb stuff in the heat of the moment.

    This is why the American Constitution and Republic was so well thought out.

    The Commie idea that a Big Government would make everyone equal is a big lie.

    The best you can do is have it that each individual has equal right to the pursuit of happiness. So, that does not mean the outcomes are going to be equal.
    Asians excel, for example ,because they have a strong work ethic. If you take away merit based achievement than you have no standards at all.
    The big problem that they have always had in Communist Governments is that the production goes down so much because of no incentive. Than black markets are formed and corruption is what happens.
    You don’t have rights under Communist, it’s what they say you get.

    1. “Asians excel, for example ,because they have a strong work ethic.”

      Many poor families are highly dysfunctional, e.g., physical violence, stealing from each other, etc., while many Asians can count on support and teamwork from within the family. Yellow privilege.

  13. University Administrator Forced To Resign Over Study Finding No Racial Bias In Police Shootings

    Holly Matkin
    3 days ago

    East Lansing, MI – Physicist Stephen Hsu has been forced out of his role as vice president of Research and Innovation at Michigan State University (MSU) after he promoted 2019 study that found there to be no racial bias in incidents of officer-involved shootings.

    “The [Graduate Employees Union] alleged that I am a racist because I interviewed MSU Psychology professor Joe Cesario, who studies police shootings,” Hsu wrote in a blog post on Saturday. “But Cesario’s work…is essential to understanding deadly force and how to improve policing.”

    Critics took particular exception to a line Hsu quoted from the study when discussing it in his blog.

    “We found that the race of the officer doesn’t matter when it comes to predicting whether black or white citizens are shot,” the study concluded, according to The College Fix.

    Cesario’s work argued that “contrary to activist claims and media reports, there is no widespread racial bias in police shootings,” Hsu wrote in his blog.

    On June 3, the Wall Street Journal published and opinion piece titled, “The Myth of Systemic Police Racism,” which cited Cesario’s study, The College Fix reported.

    The MSU communications team subsequently highlighted the Wall Street Journal’s mention of Cesario in its newsletter on June 9.

    One day later, the GEU blasted Hsu for allegedly sharing research that did not align with public statements issued by MSU, The College Fix reported.

    “It is the union’s position that an administrator sharing such views is in opposition to MSU’s statements released supporting the protests and their root cause and aim,” GEU Vice President Acacia Ackles told the news outlet.

    Hsu said he soon found himself being attacked on social media.

    1. Fire Stephen Hsu.

      Scientific racism has no place in an equitable and just institution. It has been allowed to flourish at MSU for too long.

      UPDATE: Hsu has resigned.
      See the statement from MSU here.

      We sincerely thank all of you who had the courage to speak out and took the time to engage with this important work.

      The reception we received was beyond our imaginings. It is clear this is a deep pain that has been bubbling under the surface at our institution for many years, and we are not done engaging with and trying to heal that damage.

      But for now, thank you.

      1. Critics took particular exception to a line Hsu quoted from the study when discussing it in his blog.

        “We found that the race of the officer doesn’t matter when it comes to predicting whether black or white citizens are shot,” the study concluded, according to The College Fix.

        Cesario’s work argued that “contrary to activist claims and media reports, there is no widespread racial bias in police shootings,” Hsu wrote in his blog.


        Fire Stephen Hsu.

        Scientific racism has no place in an equitable and just institution. It has been allowed to flourish at MSU for too long.

        UPDATE: Hsu has resigned.

  14. Alleged ‘White Supremacist’ Who Drove Into BLM Protesters Is Black Man From Africa

    15 hours ago .

    The driver of a white Jaguar who struck multiple Black Lives Matter protesters with vehicle when they blocked a highway has been revealed to be a black immigrant who came to the United States from Africa.

    The incident was quickly characterized by leftists as an instance of ‘white supremacist’ terrorism.

    “Summer Taylor is the tenth person to be murdered due to whites supremacist terrorism in Seattle so far in 2020,” wrote far-left activist Cnspeckhardt.

    “This murder is reminiscent of the 2017 terrorist in Charlottesville who killed Heather Hayer with his car,” wrote Democrat congressional candidate Qasim Rashid.

    “These past couple of weeks have made it very clear that those Nazis in Charlottesville achieved something: popularizing running over protesters with cars with the intention to murder,” added pansexual non-binary musician Natalie Grace Alford.

    However, the assailant has since been identified as Dawit Kelete, a black migrant from the East African country of Eritrea.

    Washington State Patrol Captain Ron Mead suggested that police suspect Kelete drove the wrong way on a ramp leading to the interstate highway, where the protest was taking place.

    Protesters had occupied the I-5 highway for almost three weeks prior to Kelete’s decision to drive there.

    1. Protesters had occupied the I-5 highway for almost three weeks prior to Kelete’s decision to drive there.

      Three weeks? I get it that no one is in charge in the city of Seattle, but the governor did nothing as well to reopen the road?

      The inmates are running the asylum.

      Anyway, this story has been sent to the memory hole.

    2. “Summer Taylor is the tenth person to be murdered due to whites supremacist terrorism in Seattle so far in 2020,” wrote far-left activist Cnspeckhardt.”

      Cnspeckhardt should be fired immediately.

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