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Stubbornly High Unemployment Has Crushed Many Family Finances And Made House Payments A Challenge

It’s Friday desk clearing time for this blogger. “The Chicago City Council enacted the COVID-19 Eviction Protection ordinance in June. After selling two single-family homes to financially maintain his remaining portfolio, Derrick Rowe, a landlord on the South Side, now owns five properties he rents, along with his own home. His properties are part of his retirement plan, which he said is at risk due to the pandemic. Rowe is still $12,000 behind on his mortgage payments, and he said it’s very difficult to get loans for some financial relief.”

“‘I understand if you’re not working, you can’t pay your bills, but I don’t think I should lose my property either,’ he said. ‘If I lose my properties to the bank, and the bank eventually does an eviction, now we’re all out on the street.'”

“As COVID-19 descended on Chicago this spring, Roman Viere, vice president of Urban Alternatives rental properties, would lie awake trying to figure out how he could keep his business running if things really went south. The family company owns and operates about 900 rental units, mostly in Austin. ‘I was terrified,’ Viere says. ‘All it would take is 10 percent of residents not to pay rent and we’d be in a tailspin.'”

“‘Housing issues do not occur in a silo,’ says Philip DeVon, an attorney and tenant eviction specialist with the Metropolitan Tenants Organization in Chicago. Both landlords and tenants need substantial support, and it’ll be devastating to wait until we’re on the far side of the pandemic to act further. ‘There should be a safety net to bear the burden,’ he says. ‘We’re supposed to be looked out for.'”

“Nearly one in 10 Long Island homeowners have fallen behind on their mortgages. More than 60,000 Long Island homeowners had missed at least one mortgage payment by July — a nearly threefold increase from a year earlier, according to figures provided to Newsday by Black Knight. For those who have fallen behind, ‘what will hurt is if they do nothing and keep their head in the sand,’ said Gale D. Berg, director of pro bono attorney activities at the Nassau County Bar Association. Once the forbearance periods end, she said, ‘the floodgates are going to open and there’s going to be a mess.'”

“On and off the market since 2003, a penthouse at the Palm Beach Biltmore is headed for a private ‘pre-foreclosure’ auction with a minimum bid of $2.5 million, according to the company in charge of the bidding. The apartment — No. 712-E at 150 Bradley Place — is in foreclosure, but the auction is not court ordered. Instead, it represents an attempt to sell the property before it hits the block in an online courthouse foreclosure auction on Oct. 13. The condo has been represented by multiple agencies since it entered the market seven years ago. As late as last month it was listed at $3.5 million by Compass South Florida in the local multiple listing service. In 2017, it was priced at $5.5 million but had undergone a number of price reductions since.”

“The Aspen Club and Spa is out of bankruptcy and back into foreclosure, but this time owner Michael Fox said he and his team won’t be battling their creditors. ‘We’re in support of the foreclosure,’ Fox said. ‘And we’re not going to stay in the way of these guys. At this point, it is in the best interest of everybody to get a quick foreclosure and quick sale of the asset and into the hands of someone that can get this thing finished.'”

“The construction project site — at 1450 Ute Ave. in east Aspen — remains preserved, with 15 of its townhomes between 60% and 80% complete, six condominiums 30% complete, and the commercial component 30% complete, according to filings in the bankruptcy case.”

“The number of ‘seriously delinquent’ mortgages in Southern California have skyrocketed to levels not seen since 2013, a new study shows. CoreLogic’s monthly tracking of late-paying borrowers shows a steep rise since late winter of very late first mortgages — those ’90 days or more past due, including loans in foreclosure.’ Stubbornly high unemployment — 15.9% in July in the four-county region — has crushed many family finances and made house payments a challenge.”

“As the COVID-19 pandemic drags on, more Texas homeowners are falling behind on their mortgage payments. Nationwide, more than 7% of homeowners with mortgages had missed at least one loan payment as of June, according to a new report from CoreLogic. The late loan rate was even higher in Texas’ largest metros, where almost 10% of Houston homeowners with loans have fallen behind in payments, and 8% of Dallas-Fort Worth residents with mortgages have missed at least one payment.”

“The late loan rate in the D-FW area has almost doubled in the past year as the pandemic caused thousands of job cuts and some homeowners have deferred their mortgage payments. Among the major Texas cities, Austin had the lowest late loan payment rate at 6.2%. Almost 9% of San Antonio residents with home loans were behind in their mortgages as of June. At midyear, metro areas that have seen huge declines in jobs and income from a lack of tourism and entertainment spending are suffering the largest late loan rates. In Miami, more than 13% of residential mortgage holders have missed payments.”

“The late loan rate in New York is almost 12%, and in Las Vegas 1 in 10 homeowners with a loan have missed at least one payment. Several smaller Texas metro areas have also seen big year-over-year increases in late home loan payments, including Odessa (up 4.8 percentage points), Laredo (4.8) and McAllen-Edinburg-Mission (4.6).”

“As COVID-19 swept across Scarborough in late March and April, so did job losses and fears tenants would sink into debt or lose their homes. MnE emerged, and the group quickly helped form a tenant union at 215 and 225 Markham, to help people in those buildings deal collectively with their landlord, CAPREIT. CAPREIT is a multinational, Toronto’s biggest private landlord, and owns 56,800 apartments in Canada. Last week, CAPREIT CEO Mark Kenney sounded baffled by the union and its demands. ‘We don’t understand this issue’ at 215 and 225 Markham, he said. ‘These buildings have been highly, highly invested in.'”

“Country Garden, China’s top property developer, and smaller real estate firms are weighing bigger discounts on homes after Evergrande announced its steepest ever discount, analysts and a source said. Evergrande, China’s second biggest property developer, announced a nationwide 30% discount on all of its properties until the end of the week-long holidays in early October, traditionally China’s peak home buying season.”

“The move is aimed at boosting sales and cash flow at China’s most indebted developer at a time when profits have weakened. ‘Developers will face pressure; they’re watching closely, but it’ll be mostly those who have projects next to Evergrande’s only,’ said Andy Lee, realtor Centaline’s South China CEO. ‘Because a 30% discount basically wipes out all the profits; it’s mostly for driving sales volume.'”

“Under a cloud of sanctions and suspended trade privileges, the US government sold a set of consular residences in Hong Kong’s southern District to Hang Lung Properties for HK$2.6 billion ($331 million), the developer said in an email to Mingtiandi on 10 September. Under its current permits, the nearly 95,000 square foot (8,800 square metre) site can yield up to 47,397 square feet of gross floor area, bringing the Hong Kong-listed builder’s purchase to around HK$54,138 per square foot. That price is 37 percent less than China Resources Land paid to acquire a neighbouring project in 2018.”

“CoreLogic Head of Research, Tim Lawless said the lack of migrants would see a higher volume of rent listing and falling rent values across key inner city precincts. ‘This phenomenon is already being observed, particularly across inner Sydney and Melbourne,’ Mr Lawless said. ‘Once foreign student arrivals start to normalise, rental demand in these areas may improve. In the meantime, investors who own property in these locations are likely to be facing high vacancy rates, lower rents and reduced ability to service their mortgage.'”

“Mr Lawless said stalled net overseas migration (NOM) was also likely to see a higher proportion of units settling with a valuation lower than the contract price, again particularly in Sydney and Melbourne. ‘ABS (Australian Bureau of Statistics) building activity data showed there were more than 50,000 units under construction across NSW at the end of March, and just over 45,000 across Victoria,’ he said. ‘Many of these yet-to-be completed projects will settle while rental vacancies remain high and rents are falling, which may put downwards pressure on property values.'”

“‘Between mid-March and early-August, the number of homes available for rent in Melbourne’s Southbank rose by 117% to reach 1,230 advertised rental listings,’ he said. ‘Rental ads were up 111% across the Sydney CBD/Haymarket/The Rocks region to reach 776 and Melbourne’s CBD saw a 105% lift in advertised rentals taking the total number of homes available to rent to 2,184.’ However, this couldn’t all be attributed to declined NOM, with these areas also greatly affected by the rise in unemployment.”

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https://www.youtube.com/watch?v=8AwA12kdYIo https://www.youtube.com/watch?v=3YwHm5ePQjM https://www.youtube.com/watch?v=mdFRe7bn_T0 https://www.youtube.com/watch?v=q7UB9DrrJ6k

This Post Has 214 Comments

  1. ‘would lie awake trying to figure out how he could keep his business running if things really went south. The family company owns and operates about 900 rental units, mostly in Austin. ‘I was terrified,’ Viere says. ‘All it would take is 10 percent of residents not to pay rent and we’d be in a tailspin’

    You paid too much Roman.

  2. ‘Both landlords and tenants need substantial support, and it’ll be devastating to wait until we’re on the far side of the pandemic to act further. ‘There should be a safety net to bear the burden,’ he says. ‘We’re supposed to be looked out for’

    Wa? But red-hotcakes? If shacks are soooo strong and sell in minutes, why we got all these FB’s crying for a bail-out? Trolls? Trolls?

    Bueller?

    1. How can the same folks who were sticking it to their tenants with double digit rent increases over the past ten years possibly need bailouts so soon into the COVID-19 pandemic, which the real estate pimps assured us would only make real estate even more valuable?

      And IIRC, many units in U.S. residential communities were snapped up by all-cash foreign investors at a premium to what U.S. citizens who just needed a place to live in could afford to pay. Is it safe to assume that it will be mostly foreign nationals who are hurt by the rent payment and eviction moratoriums?

      1. Yeah, like the family with 900 units and the guy is already awake all night. He says 10% and he’s wiped out. Lots of places are down 10% in rents or more.

        UHS says he can always sell. Or refinance. Chances are he’s been cash out refinancing all along. The entire industry has been doing that every year.

        1. But this guy owns units mostly in Austin, which is one of the worst sections of Chicago, mostly run down ghetto.

      2. How can the same folks who were sticking it to their tenants with double digit rent increases over the past ten years possibly need bailouts so soon

        THIS!

    2. Love it! reckless speculators chanting “unregulated capitalism”, until they are in trouble. Then it’s all about socialism.

      1. First of all, socialism has got more people murdered in the past 100 years than all wars in the same time period combined. If you think we’re gonna sit around and let socialists, like you, dodge that fact you’ve got another thing coming. Socialism doesn’t work and it gets people killed.

        Let’s consider a few things. Who is it telling everybody to stop paying rents? Guberment. Who is it that set up this guberment backed lending crap? Stupid guberment socialists. And it doesn’t work. Oh sure, you can waste trillion$ putting people in over their heads, and then it collapses. But it was never going to work. The biggest socialists and globalists are idiot central bankers.

        https://www.marketwatch.com/story/in-interview-indias-rajan-says-monetary-policy-has-run-its-course-2016-04-15?siteid=yhoof2&yptr=yahoo

        “A bridge that relies on wealth effects, you better hope that you got enough growth to justify the asset price increase which created the wealth effect in the first place.” — Raghuram Rajan

        Capitalism doesn’t have a “wealth effect”.

        We’ll have a weekend topic on it this weekend.

        1. Here’s another comrade:

          Jeff Acord, Black Lives Matter Supporter, Streamed His Arrest While Filming Washington Fire

          ‘Jeffrey “Jeff” Acord was arrested in Puyallup, Washington, in suspicion of being connected to a fire that started in Washington. Police said on Twitter that he was caught starting a fire and Acord said he happened upon the fire while looking for a lost camera. He was previously arrested during a Ferguson protest in 2014 and he recently posted on social media about supporting Black Lives Matter, but not supporting looting and hurting local businesses. Acord’s name has gone viral on social media posts claiming he’s a member of “Antifa,” but his posts appear to show Black Lives Matter support, not Antifa specifically.’

          ‘On September 9, a 36-year-old man from Puyallup, Washington was arrested on suspicion of starting a fire on SR-167, Q13 Fox reported. Although the article didn’t name him specifically, it did link to a video that Jef Acord posted on Facebook, noting that he was the man arrested and he had been filming live on Facebook before his arrest. In his video, Acord said he happened upon the fire while looking for a lost camera.’

          ‘Police had a different story about what happened. Ryan Burke, a Washington State Patrol Trooper, told Fox Q13 that Acord was found in the SR 167 median, after police had talked to him earlier when he was walking on the highway while carrying a lighter.’

          ‘Acord Was Previously Arrested During the Ferguson Protests, & on His Video He Said It Was Because He Forgot His Gun Was in His Backpack’

          https://heavy.com/news/2020/09/jeffrey-jeff-acord/

          These people are scum.

          1. ‘Sources told Protester Privilege that Acord is now a suspect in two other local fires. As of Thursday morning, the Sumner Grade Fire in Sumner, that destroyed four homes, and Bonney Lake has burned more than 800 acres.’

            ‘The unprecedented fires raging in Washington State have become a seasonal norm but some suspect arson because of the locations of the smaller fires in suburban neighborhoods and in proximity to interstate highways. Residents of Bonney Lake told Kiro 7 news that they found broken glass with newspaper in the brush. Residents of Buckley Washington have reported similar claims in neighborhood social media groups.’

            ‘WARNING: Multiple sources in Emergency Response have confirmed that the fires along the West Coast are caused by dozens of arsonists.
            These fires are allegedly linked to Antifa and the Riots.’

            https://thepostmillennial.com/antifa-activist-charged-for-fire-set-in-washington

          2. Ben, are these arrests making the national news? Libs are using the fires as yet another springboard to hammer on climate change. If you tell them that BLM is starting the fires, they won’t believe you.

          3. ‘These fires are allegedly linked to Antifa and the Riots.’

            That’s a horrible thought. It wouldn’t shock me if it proved true, given the other property destruction the rioters have inflicted.

          4. Here’s another Antifa scumbag who is now crying like a little bitch on globalist media outlets after his intended victim shot his bicep off. Sorry, Gaige, but next time you want to emulate the example of your hero Bolshevik Chekist executioners, don’t skip the all-important part where you first disarm potential resisters.

            https://www.thegatewaypundit.com/2020/09/22-year-old-arm-partially-blown-off-pointing-pistol-17-year-old-kyle-rittenhouses-head-cries-victim-cnn/

        2. “Let’s consider a few things. Who is it telling everybody to stop paying rents? Guberment. Who is it that set up this guberment backed lending crap? Stupid guberment socialists. And it doesn’t work. Oh sure, you can waste trillion$ putting people in over their heads, and then it collapses. But it was never going to work. The biggest socialists and globalists are idiot central bankers.”

          +1
          – “idiot central bankers”, but I repeat myself. 🙂

          https://gnseconomics.com/2020/08/28/the-fed-and-the-looming-capital-market-meltdown/

          The Fed and the looming capital market meltdown
          2020-08-28
          by Tuomas Malinen

          The Federal Reserve system made a future financial panic or currency panic impossible. It made stable for the first time in the history of the United States the credit system of the people of the United States. – Senate Documents, 64th Cong., 1st Sess., December 6, 1916

          [“There is no danger that Titanic will sink. The boat is unsinkable and nothing but inconvenience will be suffered by the passengers.” – Phillip Franklin, White Star Line vice-president, 1912]

          “We are unfortunately now in a situation where we cannot speak of “markets” anymore. The Fed has nurtured a dangerous, centrally controlled financial system, á la the Soviet Union. Like its ‘role model’, monolithic systems always fail, as the complexity of financial interactions and the economy will eventually overwhelm the central planners.”

          “It is a fact derived from financial history that, eventually, financial markets follow the real economy. With its ‘whatever-it-takes’ policy line, the Fed has temporarily suspended the action of this iron economic rule. For example, at the same time that U.S. corporate bankruptcies are above the peak seen during the GFC, the average yield of ‘junk bonds’ has collapsed. Of course, this does not make any sense!”

          “While the Fed can, in theory, buy practically every distressed financial asset and become the new Gosbank while simultaneously subjecting itself and the hapless U.S. taxpayer to gargantuan losses, it will be unable stop the banking crisis. Even more so, as the most likely point of origin of the new financial crisis lies in Europe.”

          “There [is] simply just is no way the Fed can win this fight. The contraction of the real economy will continue while markets keep pushing blindly to new highs. This has always been a recipe for a catastrophic asset market meltdown, and this time it is likely to engulf the capital markets in their entirety.”

          – Recall that 1929, 2000, 2008-9 didn’t end well either…

          1. ” …this time it is likely to engulf the capital market$ in their entirety.”

            Deeth.👾 doe$n’t care about yer $tinkin’ Capitali$t Market$!, … munch, munch, munch … $till.$preadin’

        3. As far as I can remember, capitalism was about very hard work, competition, and long term investment, not about filthy speculators and high frequency trading, not about setting prices, and cartels destroying competition.
          Also, socialism is not about government control, or totalitarian states, those were just an anomaly. Socialism is about people being more human with each other, following the Christian, or Islamic, or Buddhist, or Jew ethic, that you need to work and be rewarded, but also understand that you need to help your brothers. Besides, nobody can be 1000 times smarter or work 1000 times harder to deserve 1000 compensation, and the capital was most of the time taken by force from others, or simply looted or pillaged from the society.
          Greed is not a virtue, except maybe in US, and taking advantage of the week is not a business model, except maybe in the US.
          But as Thucidides put it “The powerful do what they want, and the weak suffer what they must”

          1. Gekko had a limited vocabulary. He’d have been correct if he’d have said “ambition” instead of “greed”.

          2. “Gekko had a limited vocabulary.”

            He could knot $pell: Monopoly

            x1 example: $tandard.Oil 1915

            Can you name @ lea$t x1 modern example in the U$A?

          3. @ Kosminski $ Hwy50ina49Dodge
            Well, things are tough with English at times, but speaking one language and then pretending that you are sooo smart because you know three more words than someone who has it as a third of fourth language is soo hilarious and ignorant, yet soo American!!
            Should we try debating in Kant’s or Moliere? Things may be easier on me, but how about yorself?

          4. socialism is not about government control, or totalitarian states, those were just an anomaly

            Unfortunately, each and every example has been this self same anomaly. The reason is that such systems are based on lies and false promises.

          5. By 1870 the firm of Rockefeller, Andrews, and Flagler was operating the largest refineries in Cleveland, and these and related facilities became the property of the new Standard Oil Company, incorporated in Ohio in 1870.

            By 1880, through elimination of competitor$, merger$ with other firms, and use of favourable railroad rebate$, it controlled the refining of 90 to 95 percent of all oil produced in the United States.

            In 1882 the Standard Oil Company and affiliated companies that were engaged in producing, refining, and marketing oil were combined in the Standard Oil Trust, created by the Standard Oil Trust Agreement signed by nine trustees, including Rockefeller. By the agreement, companies could be purchased, created, dissolved, merged, or divided; eventually, the trustees governed some 40 corporations, of which 14 were wholly owned. Founded in 1882, Standard Oil of New Jersey was one component of the trust; by design the Standard Oil Trust embraced a maze of legal structures, which made its workings virtually imperviou$ to public inve$tigation and understanding. As Ida Tarbell wrote in her History of the Standard Oil Company (1904), “You could argue its existence from its effects, but you could not prove it.” inve

            ?In 1892 the Ohio Supreme Court ordered the trust dissolved, but it effectively continued to operate from headquarters in New York City.

          6. Socialism is about people being more human with each other, following the Christian, or Islamic, or Buddhist, or Jew ethic, that you need to work and be rewarded, but also understand that you need to help your brothers.

            You are clueless.

          7. @ Kosminski
            “You are clueless!” Perfectly possible. After a long time trying to find the ultimate truth, after living and raising a family, seeing and living under different systems, I really tend to believe you’re right. The less you know, the more you believe you have the answer. I’m happy for you if you found it.

          8. Dora, sorry if i sound harsh, but you should take to heart what so many people here have told you about socialism being destructive. It can’t bring the utopia you want to have. It sounds nice, but it only brings devastation.

          9. @ Kosminski. No problem. Things get “hot” at times, but I would not be participating if I believed people did not have the best intentions around here.
            I know all about that system. I experienced it first hand in my youth. I know a lot about it. the + and the -, but it wasn’t all bad, and there were just too many agendas and help(read sabotage) from the west.
            I do believe that a free system is much better, but like I said many time before, I believe in a responsible capitalist system checked by a solid Moral Code. Capitalism out of control is self destructive.
            Of all the systems I know, I much prefer Central and North Europe. I feel the best there. Nothing is perfect, but it is good to know you won’t be starving on the streets, you have access to good and very affordable education and healthcare, 5-8 weeks of mandatory vacation time. Payed time off if you are sick. You won’t get rich, but it is good to know that everyone focuses on quality of life more that on amount of money you own, and that states are looking more into sustainable and long term development instead of speculation.
            The sad part, i really believe that a similar system could be setup here too, and very aware that the young generation much desires one. The middle way, where hard work gets compensated accordingly, where corporations pay there fair share, and where the taxes are spent on infrastructure, and people, education and healthcare instead of plutonium and inventing 100 more means of mass destruction. UTOPIA? I’ll let you decide. as my parents always said, “we built and lived our future already, now it’s your turn to build one”

          10. you need to work and be rewarded, but also understand that you need to help your brothers

            Which is all awesome, but at this point the brothers are outnumbering the people doing the hard work. Or, as they say on talk radio: there are more takers than producers. I don’t think anyone would object to helping out 10-15% who are down on their luck, preferably temporarily. But we now have something like 47% of the population not paying taxes, a bunch of baby boomers finally claiming underfunded pensions and Medicare, loads of illegal immigrants paying minimal taxes but filling the school systems, and entire tent cities of people who will likely never work and require expensive social services. No system can handle this, not if you want a decent standard of living.

          11. Hey Hwy…hows about the old Ma Bell? Broken up in 1982. They had a complete vertical stranglehold on the market. Local, LD, hardware, voice, video, data and you didn’t even own the phone wires in your own home.

            They were THE monopoly of the Communications Era. Google might get tagged with that title in the Info Era if the rumblings prove out to be more than the stamping of little feet.

          12. those were just an anomaly

            anomaly – something that deviates from what is standard, normal, or expected.

            Given the track record of communism, I would say that gulags. mass murder, starvation, rationing and poverty are not anomalies.

          13. @ Tango: “hows about the old Ma Bell?”

            Me.laughing … Did you have a “desk.phone” or a $pectacular “wall mount” phone?

            What were yer “choice.of.colors”?

            Latino brown, colt 45 black, or suburban Beige/white?

          16. Cause.minski: “but it only brings deva$tation”

            Search: Norway $overeign “oil.wealth.fund$”

            Makes Alaska.oil.fund$ look like of bunch of moose.killing.piker$a

            A bridge.to.no.where, … “Why, I can see Russia from my back porch! ”

            If she’s clueless, yer an idoit+moron

          17. “The reason is that such systems are based on lie$ and fal$e promise$”

            2020 American election$: 1.6+ Billion$ in campaign monie$ = purity.of.truth!

            Go vote!

          18. “The reason is that such $ystems are ba$ed on lie$ and fal$e promise$”

            Yeah good example: “We.thee.people … ”

            Oh wait, Corpooration$ are now “People” … Got it!

      2. “Privatize profits, socialize losses” has never been a more relevant operating principle than in the present!

  3. ‘We don’t understand this issue’ at 215 and 225 Markham…‘These buildings have been highly, highly invested in’

    That’s just the problem Mark, you paid too much.

    ‘We’re in support of the foreclosure…And we’re not going to stay in the way of these guys’

    You mean with dozens of shacks and airboxes yer walking away?

    That’s unpossible! Red hot-cakes Colorado!

  4. BTW, I could have posted plenty of a$$-pounding and tales of woe. Maybe I can catch up this weekend, but just as likely more crater will pour in. The REIC/MSM are lying dogs. Oh, don’t mind all those missed payments and unemployed, somebody paid over asking – look – over there!

    As you go through the mounting list of cities climbing into double digit in defaults, consider this is happening all at the same time. Not a localized hurricane, or flood. Bam, all over, simultaneous.

      1. Inexplicably, the SFR craze is still on in Ontario Canada. GF sold her house to move to another town. Sold in one day, no inspections, no conditions. She’s been outbid on every house she’s looked at. 20% over list seems the norm. Looks like a hotel will be her new base camp.

  5. Let me give you an idea how much rents have increased in Austin since I moved here.

    When I went to college starting in 2002, I rented this little home near the University of Texas with 2 roommates. 3 bedrooms / 2 bathroom. We paid $1350 at the time and I recall our classmates thought we were rich LOL. I lived there until 2007 and rent went up by $50.

    In 2020, the same home is for rent for $3100.

    https://www.realtor.com/realestateandhomes-detail/814-E-30th-St_Austin_TX_78705_M72741-16050

    2. And now that a large number of tenants can no longer afford to pay sky-high rents, landlords are losing their incomes. Unfair!

    3. According to the BLS:

      https://www.bls.gov/data/inflation_calculator.htm

      $1,350 in 2002 is the equivalent of $1,939 in 2020, adjusted for inflation based on the CPI.

      So it is more than a 50 percent increase in real dollars. Of course how much people are paid has been falling after adjustment for inflation.

      We rented a 1 bedroom in Brooklyn for $500 in 1986. About $1,195 in today’s dollars. It appears the price of one bedrooms in nearby neighborhoods that are cheaper than ours is up…about 50 percent in real dollars.

    4. WTF is up with Austin? You guaranteed some kind of fun if you live there? Geez, $3100 a month for that and you are not near beach or in mountains.

      1. Austin. All the SillyCon Valley locusts are fleeing there, and driving up the housing prices. It’s a nationwide phenomenon right now. CO, OR, WA, ID, TX, NV, AZ, etc.

        1. That’s what happens when prices crater…. demand picks up.

          Helena, MT Housing Prices Crater 16% YOY As Retirement/Vacancy Property Market Takes A Severe Beating

          https://www.zillow.com/east-helena-mt-59635/home-values/

          *Select price from dropdown menu on first chart

          As one broker said, “Would it be fair to say a 35% decline in prices is a minor adjustment? Ok then. Our market here in the Rockies is experiencing a minor adjustment.”

        2. All west of the Mississippi. Good. Stay out there and fight over water. AFAIK, the only Eastern city which is being invaded in such a way is Nashville. ( I was in Nashville recently, and the traffic was as bad if not worse than DC.)

  7. ‘Nearly one in 10 Long Island homeowners have fallen behind on their mortgages’

    The former foreclosure tracking sites have all turned into zillow type REIC outfits, (that’s why they are now cheerleaders who track foreclosure data and cover stuff up). But they’ll put out numbers like 1 in 6,000 loans are in foreclosure. Uh, the foreclosure thing is pretty much shut down. And then you see a number like this with 1 in 10 “fallen behind”. They are in default. Play with the words, but 1 in 10 is a long way from 1 in however many thousand.

  8. In the 30’s FDR didn’t just hand over free cheese. FDR greater gov jobs working on roads, etc.
    Social Security was a pay into program, and insurance programs to protect banking deposits were also pay into programs.
    This ignoring contract law is a bail out idea that has so much moral hazard with it that it’s just big Gov. picking the winners and losers.
    Everybody gets pissed off at seeing people who made bad choices get bailed out, or bad faith crooks getting bailed out.
    It’s all about big Gov. controlling your life and it’s not about personal choices.

    What a horrible world where you gain by bad choices. What kind of a reward system is that. Play the victim because you made bad choices, absurd.
    Upside down World in so many ways that has no logic to it except for power reeking their madness.
    Big Gov isn’t just or equitable and if anything they screw up everything. It’s just hard to watch. How do you like BIG GOVERNMENT NOW?

    1. “In the 30’s FDR didn’t just hand over free cheese. FDR greater gov jobs working on roads, etc.”

      https://www.heritage.org/trade/commentary/what-really-ended-the-great-depression
      What Really Ended the Great Depression?
      Oct 15th, 2014 | 3 min read
      Stephen Moore

      “The real issue is what caused the economy to surge after the war was over.

      This story also is not covered in the history books. Shortly after his third reelection in 1944, and at a time when the outcome of the war was no longer in question, FDR and his domestic advisers plotted a new New Deal with such spending items as national health insurance. The Keynesians were sure that the massive postwar drop in government spending would catastrophically tank the economy.

      Here’s what happened: Government spending collapsed, from 41 percent of GDP in 1945 to 24 percent in 1946, then to under 15 percent by 1947. And there was no “new” New Deal. This was by far the biggest cut in government spending in U.S. history. Tax rates were cut, and wartime price controls were lifted. There was a very short eight-month recession, but then the private economy surged.

      Personal consumption grew by 6.2 percent in 1945 and 12.4 percent in 1946, even as government spending crashed. Private investment spending grew by 28.6 percent.

      The less the feds spent, the more people spent and invested. Keynesianism was turned on its head. Milton Friedman’s free-market advocacy was validated.

      In 1946, the unemployment rate averaged below 4 percent and stayed that low for the better part of a decade. This all happened during the biggest reduction in government spending in U.S. history, under President Harry Truman.

      In sum, it wasn’t government spending, but the shrinkage of government, that finally ended the Great Depression. That’s what should be, but isn’t, in every history book.”

      1. It’$ along way between Oct 1929 & August 1947 …

        Sex that’$ what happened when thee.Warll ended … kissing, flowers, … babie$ too!

        Bringing Home The 8 Million Boys After WWII; Operation Magic Carpet

        Under the codename Operation Magic Carpet, the efforts to repatriate the newly demobbed soldiers involved as much military planning as many of the battles of the preceding war years.

        In December 1945, at the start of the operation, almost 8 million Allied military personnel were waiting to begin their journey back home. During the 14-months of Operation Magic Carpet, an average of 435,000 military personnel were being transported back every month. The record for a single ship was set by the aircraft carrier Saratoga which repatriated a total of 29,204 soldiers.

        In September 1945 there were 2,000,000 American army personnel eligible to be relieved of their wartime duties and waiting to be returned home. As the year wore on hopes were raised of getting the troops home in time to spend Christmas with their families. The task (sometimes referred to as Operation Santa Clause) was never going to be easy and was hindered further by heavy storms which delayed travel by sea.

        Once the American troops returned to their homeland they faced further delays crossing the continent to reach their homes. Their initial destination was one of the many repatriation centres along the West Coast. Although not “home” these centres provided temporary accommodation while officials ensured that all the paperwork to release the service men and women from their duties was processed correctly. While it must have been hard to be so close to home yet still so far away, many were just glad to be back on American soil.

        To make matters worse, there were traffic jams across the country as well as train delays of between 6 and 12 hours. In addition to the delays, there were simply not enough trains to accommodate all the soldiers trying to make their way back home.

        On 24th December 1945 almost all the passengers (94%) travelling in trains from the west coast were recently released veterans. Those who did not make it back to their own homes were offered hospitality by locals living near the repatriation centres.

        https://www.warhistoryonline.com/world-war-ii/brining-home-8-million-boys-wwii-operation-magic-carpet.html

      2. Well, FDR never got around to enacting a National Health Care program. But my point is that this outright free cheese stuff wasn’t done and the social programs were pay into programs much like insurance programs.
        I mean sure they had soup lines during the Great Depression and stuff like that. But, the evidence shows, as you post shows, that Gov. Programs didn’t take us out of the depression.

        1. Funny how World.War$ effect eCONomie$ & affect $ocial “intimate” inter. actions. Even after the winners Victory partie$ are finished.

          vive la différence!

        2. “ But my point is that this outright free cheese stuff wasn’t done and the social programs were pay into programs much like insurance programs.”

          They were and are Ponzi schemes, entirely dependent on new entrants to fund the old. All these government programs, most especially Social Security and Medicare, are what is destroying this country through ever-increasing impoverishment of every succeeding generation since, through various mechanisms not limited to direct taxation.

          1. They didn’t even expect people to live much past 65 when they enacted Social Security. No doubt it’s due to be underfunded by 2035. But that doesn’t mean it wasn’t a pay into program.
            It’s a little different when your talking free cheese and fund the health care for anyone who crosses the border.

          2. “most especially $ocial $ecurity and Medicare$, are what is de$troying this country”

            Hey Karen, you $hould run for an “elected” office, eye’ll give you my x1 vote, now go with confidence that you will $moke ANY competition!

          4. “My grandmother never paid a penny into it, but she collected until she was 104.”
            💵👏

            my Irish born mother & x2 sisters who worked all their adult lives & died before she 50, collected Nothing!

            Isn’t life funny when you talk about: “Equality”?

    1. “The destruction of the Juukan Gorge caves went ahead on May 24 despite a seven-year battle by the local custodians of the land, the Puutu Kunti Kurrama and Pinikura people, to protect the site. Rio Tinto apologized in June.”

      The corporations can maintain a continuous low intensity legal battle until their opponents are insolvent.

    2. “File under Clueless CEO’$”

      Bidne$$ need$ (0) a$ .in.Zero over.$ight! … They$ “Profe$$ionals” and truly care about all $uffering$, including their $hare.holder.$take.Owner$

      Wildlife populations in free fall as forests cut to grow food

      By Michael Taylor / Reuters News

      Land conver$ion for farming and the wildlife trade were key reasons for the 68% average drop across thousands of populations of mammals, birds, amphibians, reptiles and fish between 1970 and 2016

      “Deforestation and in the larger sense, habitat loss – which is driven by how we produce and consume food – is the main cause of this dramatic decline,”

      Scientists say the rapid pace of deforestation is also a major factor in the spread of zoonotic diseases – which are passed from animals to humans – such as the new coronavirus.

      “With deforestation and increased wildlife, livestock-human interactions, there is more of a chance of spillover of zoonotic diseases like Ebola, like COVID-19,”

      Thee.deeth.👾 … human.lung.tissue … munch, munch, munch

  11. New Book out called “THE DEVIL AND KARL MARX”.

    I don’t know why you don’t get more books attacking Karl Marx and Commies for how really evil it is. I like to attack Karl Marx because I always viewed him as one evil son of a bitch by everything I read about him.
    How can something good come from a guy so evil like Marx? His twisted view of life was self serving to his twisted life.
    Why isn’t valid debate going on about how evil Commies really are and they are just con artist about this equity idea. Commies are thieves and parasites and power mongers, just as Karl Marx was in his real life.
    So the Commies are brainwashing by getting into the education system.
    Bernie Sanders was a grassroots movement that attracted young people who had already been brainwashed in school.
    Now Biden talking like Sanders. This is just so anti-American and anti-constitution .
    How arrogant these hiJackets are like Biden .
    Who knows what Biden would really do if elected, but he must be one of the most corrupt and now senile of all time.
    Really, how can you trust a Biden/Harris ticket . It’s just bizarre that the Dems put up Biden who isn’t worthy of being elected dog catcher. The man is senile for God Sakes.

    It’s just a mad, mad ,mad World right. now, with all these power grabs going on.
    You cannot unite power grabs like these because they aren’t unite-able.

    1. I guess we’ll have to wait and see, but I’m always amazed by the amount of hatred attached to one concept that should be the crown of humanity. People hate communism because they absolutely incapable of such virtues. We are just a bunch of greedy and selfish animals. Of course communism will never work, it takes to much education and self sacrifice, a much better human being that it’s feasible.
      Greed is the norm, in money we trust, and money we worship!

          1. well, those killings are horrible, but not more or less horrible than the genocide against the natives in this country, or the slavery. there are stains in human history, and every country needs to acknowledge them, and deal with them.

          2. Biden’s son Beau was a communists in an American.military.uniform … Got it.

            Like father, like son

            Brietfart.New$ will $pread.thee.new$!

          3. @ Hwy50ina49Dodge. That is pretty much like saying, “Biden’s son was a devote catholic is a US uniform”, and make a big fuss about it.
            The level of indoctrination and ignorance can be amazing sometimes. I thought this was a free country where people can believe n any philosophy as long as they follow the law and are good citizens. Or was I wrong? Or maybe the US constitution was based on Kant’s philosophy, let’s say, and anyone else is a traitor?

        2. Call it Bolshevism, not communism.
          On both sides of the barricade, there are people with their own agendas, hungry for power or money, but hide behind ideologies they don’t believe in, and follow even less.

          1. “Call it Bolshevism, not communism.
            On both sides of the barricade, there are people with their own agendas, hungry for power or money …”

            And these are the people who ultimately end up with all the power.

            “… hide behind ideologies they don’t believe in, and follow even less.”

            You use what works.

          2. these are the people who ultimately end up with all the power

            Not necessarily so where good people with courage stand up to them.

          3. Poor man wanna be rich
            Rich man wanna be king
            And a king ain’t satisfied
            ‘Til he rules everything……The Boss

          4. Call it Bolshevism, not communism.

            Whether you call it Bolshevism or Communism, it was bankrolled by the same financier oligarchy that is funding BLM and Antifa today, for the same objective: steal all the private property in the name of “The State.” Then when that State fails under the weight of its own corruption, incompetence, and evil, and the destruction of traditional morality and culture, the globalist oligarchs swoop in to buy up state resources and enterprises for a song, further consolidating their wealth and power.

          5. And there it is: “REAL communism’s never been tried.”

            Lol @ Dora. I appreciate your intelligence and multi-lingualism, but you clearly dont understand humanity, evolution, or math.

            Go read a book. Start with Marx and think critically about his statements. You seem to understand capitalism; read it like a capitalist and get back to us.

            Also, it’s a false equivalence to compare the deaths of Native Americans, mostly from disease, to targeted public policy by the communists.

        3. “Bolshevik plague that began in Russia was the greatest catastrophe in human history”

          Thee.”Black”.plague (China again!) & Thee.deeth.👾 & all their related transmission disease bearing cousin$ object to that statement!

      2. Amazing that a brain can think like this:

        People hate communism because they absolutely incapable of such virtues. We are just a bunch of greedy and selfish animals. Of course communism will never work, it takes to much education and self sacrifice, a much better human being that it’s feasible.

        This kind of thinking gets millions dead. You just gotta kill all of those people who are greedy or selfish or have the wrong virtues and then communism will work, right? ’cause that’s what ends up happening. It doesn’t even work small scale. People band together to buy land and form the perfect commune and how long does it last before the people doing all the work say WTF and leave and then it’s just the rotters who are left? I hope you never get in power. You’ll want to help your brother alright…help him right into a mass grave.

        1. What is amazing is that people talk about things they don’t understand all together. You talk about communism, and your understanding of communism is nothing less that Soviet Union.
          Not even the Communist party called Soviet Union a communist country because they knew that it was not. It was just a desire, an utopia. The Soviets had their own agenda of power and domination over other nations like any other imperialistic country under any ideology.
          They were simply labeled “communists” by the west propaganda.
          So, we are discussing based on someone’s labels and propaganda, instead of you looking into what that word really means. You use cliches and themes of the cold war era to discuss communism. Ok, I got it, is all you know and understand about it.

          1. Yeah, yeah. You talk about utopia like it’s this thing that exists. China, North Korea, Russia, Vietnam, those are your utopias?…Sorry I didn’t use the right term. Where’s the communism you know and love that’s out there working?

          4. you’ll have to show me where I made that claim, that it works. It worked on small scale with Pythagoras followers, and under the Jesuits in S America, until they were conquered and destroyed by the greedy. There are communes at small scales through out the world even today, but as I said, it’s against our instincts and desires. And humans are instinctive, not enough self control.
            and as Cicero put it” The Wise get instructed by Ration, the Average mind by Experience, the stupid by Necessity, and the Beasts by Instincts”

          5. @ Hwy50ina49Dodge. Now you’ve nailed it! It’s communism for the 1%s. When it makes profit, they keep it, when it looses money, we get to keep it. 🙂

          6. It doesn’t matter what label you attach to it. At the end of the day, you have producers and you have takers, and the producers eventually get tired of carrying the takers. The End.

          7. “There are communes at small scales through out the world even today, but as I said, it’s against our instincts and desires. And humans are instinctive, not enough self control.”

            My immediate family resembles the practicing of communism – each according his abilities, each according to his needs – so, yeah, communism can work at a small scale. In fact it has to work on a small scale else children, without the support and sacrifice of their families, would never make it to adulthood.

            My extended family also works under the practice of communism, but to a lesser extent. But beyond these genetic and emotional relationships the practice rapidly drops off and approaches zero.

            It should be noted that this practice of communism WITHIN my family structures is not forced on me or my family by some outside governmental pressure but is instead something that we, as a family, willingly do.

            This is why communes work; The people who join communes willingly share what they have with other members of the commune. Those who do not choose to do so do not join communes or are chased out of communes. IOW there is a selection process at work here.

            But going beyond the small sizes of communes it becomes difficult to impossible to get this idea of communism to WILLINGLY work because people do not have the same desire, the drive for sharing with large groups that they have with small groups, hence the necessity for the use of some sort of enforcement.

          8. “But beyond these genetic and emotional relationships the practice rapidly drops off and approaches zero.”

            “eye’m sorry Dave, eye can’t allow that. ” … HAL 2001 Space Odyssey

          9. Vicariously living the Russian Bolshevik revolutionary path to outright dictatorship, mass murder, extreme repression of individual rights, economic collapse, and societal failure is plenty enough evidence for me. I’ve had plenty of warm personal relationships with Russians over the years, but I have never envied their system of governance by repressive dictatorship.

          10. warm personal relationships with Russians over the years

            I’ve had two such. They both risked their lives to get out, and had no regrets. Reliable friends and colleagues, both of them.

        2. Well Dora, you think the Commie way is noble and a higher form of human expression, requiring higher elite education to grasp.
          You act like it’s either greed or the more noble equitable Commie system that history shows it fails.
          People like being rewarded by effort, and greed doesn’t even need to come into it. Greed is the looters trying to get more than deserved.
          It’s the Commies that are parasites that want to get more than deserved, and there is nothing noble or equitable about that.
          Politicians selling out to Globalist is not capitalism.
          I have suspected your in favor of Communist for a while now, but Monopolies and Globalism isn’t capitalism, and the Communist theory isn’t the answer to the Political sell outs departing from capitalism. Rigged systems are just as bad as the Commies.
          The US functioned well when it had a huge worker middle class when the balance of power was nice under closer to capitalism. How do you think the US became so properous for so many?
          The ONE WORLD ORDER idea, along with Globalism and Monopolies are rigged systems, along with the Ponzi Schemes and that isn’t capitalism. If your saying that things got corrupted here your right, but that doesn’t mean Commie BS is the solution, and it’s just as evil.

          1. I’m not for communism since it is not attainable, and not for what we have now since what you’re saying is correct.
            Communism is not Soviet Union that exported their distorted views to all the rest of the countries, and capitalism is not the kleptocracy globalist system we are seeing now.
            A balanced and fair system, the rule of law, and good people to obey it, regardless of it’s ideology, and I don’t want to get into the “what’s best to fit human nature” because I like to believe that we can be better that animals. The law of jungle should be left in the jungle.

      3. I guess we’ll have to wait and see, but I’m always amazed by the amount of hatred attached to one concept that should be the crown of humanity.

        Your beloved Communists were torturers and mass murderers. The Russian people were foolish enough to fall for their lies, just as you have. They let themselves be disarmed, and that was a fatal mistake. Don’t think American gun owners are going to make the same mistake.

        https://www.ammoland.com/2012/12/americans-never-give-up-your-guns-a-warning-from-a-russian/#axzz6BPK8eYc2

        1. omg, so much hatred, misinterpretation of my words, propaganda and cliches. Have you ever been abroad? do you have a passport?

    2. “You cannot unite power grabs like these because they aren’t unite-able.”

      Awe p$haw!

      Thee .🍊jesus united.thee.1$t.Federal.Re$erve+thee.U$.Trea$ury

      Got “UNLIMITED+!” ?

      x 11+ Trillion$ …..🙊🙉🙈

      More!, More!, More! 💲💰💵💲💰💵💲💰💵💲💰💵💲💰💵💲💰💵💲💰💵💲💰💵+

      1. ” The law of the jungle should be left in the jungle.”

        There you go again thinking capitalism is the law of the jungle. It has the rule of law and the Constitution and the Bill of Rights to go with the capitalism.
        You take all the examples of Commie Countries, not just Russia, it fails, has to be forced, and it kills millions.

        You give up your freedom, just so a Big Government can tell you what you get. That sounds more like never wanting to grow up.Oh, big government going to give you two weeks vacation, aren’t they special. Maybe living in Socialist Countries you don’t get the freedom thing with personal responsibility, that’s far from the jungle.
        The Commie thugs in the streets right now are just so humane, wonderful people, just wonderful. Jungle warriors talking about equity and social justice while they hit you over the head with a baseball bat. They are just so elevated and great Looters.
        The US needs some corrections, but the Commie answer isn’t the answer and it isn’t noble and it isn’t just or fair.

      2. Nope. He inherited the apparatus that connected previously independent governmental financial agencies from St. Ronnie.

        1. “TOP SECRET”?
          The mysterious government organization that pops up at moments of financial crisis
          AP Photo/Mark Lennihan
          Conspiracy theories abound.
          By Natasha Frost
          Reporter
          December 24, 2018

          US Treasury secretary Steve Mnuchin announced this weekend that he would be convening the President’s Working Group on Financial Markets for a call today (Dec. 24) to discuss the volatility that has plagued markets in recent weeks.

          The official line on the working group is almost staggeringly unsexy: it’s a Reagan-era initiative connecting Wall Street and Washington to work on issues affecting the market.

          For three decades, however, this group of senior federal and NYSE officials has been plagued by confusion, conspiracy theories, and general misinformation. They’re often referred to by a far more glamorous name, coined by the Washington Post in 1997: The Plunge Protection Team.

          Officially, what is the President’s Working Group on Financial Markets, what do they do, and who are they?
          …

          1. Anyone who questions the legitimacy of a government agency which apparently exists in part to lard massive risk subsidies on Wall Street must be a conspiracy theory nutjob.

          2. For three decades, however, this group of senior federal and NYSE officials has been plagued by confusion, conspiracy theories, and general misinformation.

            Whenever the globalist media makes a comment like this, you can rest assured the entity being described has a purpose very different than the bland and benign one the MSM would have the sheeple believe.

  12. “…Derrick Rowe, a landlord on the South Side Rowe…” “…is still $12,000 behind on his mortgage payments, and he said it’s very difficult to get loans for some financial relief…”

    Borrowing money to pay off more borrowed money.

    Wow, what a brilliant business plan, Derrick.

    Let me guess, you favorite get rich quick book is “Rich Dad Poor Dad” by Robert T. Kiyosaki.

    1. “Borrowing money to pay off more borrowed money.”

      “Wow, what a brilliant business plan, Derrick.”

      It works for me, or rather Derrick works for me.

      Derrick’s business plan is to work hard at his job as a landlord and then send huge chunks of his hard-earned money to me each and every month. Anything left over he gets to keep.

      My business plan is to keep my door open so that Derrick can drop in now and then to sign a few more papers so as to commit himself to send to me each and every month even larger chunks of his hard-earned money.

      Please note: I do not force Derrick to do this, Derrick himself chooses to do this.

      Derrick works, Mr. Banker reaps. God’s Plan.

      1. “…Derrick works, Mr. Banker reaps. God’s Plan…”

        Not only is it God’s plan, it helps Robert Kiyosaki collect more book royalties.

        With any luck, Derrick will be sending you guys checks until the day he dies. <;)

        1. “Not only is it God’s plan, it helps Robert Kiyosaki collect more book royalties.

          “With any luck, Derrick will be sending you guys checks until the day he dies. <;)"

          I greatly enjoy pointing out to everyone that people such as the author Robert Kiyosaki and our favorite realtor, Suzanne, end up working for me, or at least working on my behalf, but they are not paid by me.

          Robert and Suzanne are useful at firing up the greed-inspired emotions of Joe Schmuck who then find their way into my bank and eagarly inquire about how they can willingly get aboard my slave train.

          The cost to me for this service? Nothing.

          Robert and Suzanne and Joe Schmuck do the working, Mr. Banker does the reaping. God's Plan.

          1. A favorite finance plan I especially enjoy offering to my fired-up Joe Schmuck customers is what I lovenly think of as my “Nobody Knows” mortgage. After the teaser interest rate of this mortgage has run out the interest rate will be reset to a higher rate. How high a rate? Nobody knows, hence the name.

            Announcing such a mortgage to prospective borrowers should be greeted with laughter but (amazingly) customers will descend on my bank in droves – herds even – eagar to sign away their lives to a fate that is unknown and unknowable.

          2. Modern day debt slavery is so much better than the older, race-based variety was. For starters, you don’t have to practice race-based human bondage in order to reap its benefits. Secondly, no coercion whatsoever is necessary, as the slaves willingly enter into their debt servitude contracts, resulting in both sides of the agreement benefitting.

            Where’s the downside?

        2. will be sending you guys checks

          Maybe PayPal payments. A lot of young people don’t even have a checkbook these days.

      2. “Derrick works, Mr. Banker reaps. God’s Plan.”

        My millionaire big.”Taxe$.made.me.what.eye.am.today!”. brother $hares yer $entiments, only in a $lightly different way.

    1. Hilary is another one that tried to hide her medical conditions. With Biden it’s just so obvious he’s senile. He can’t control his anger, he makes up stories. The arrogance of a Guy trying to run at 78. This guy is close to diaper time, and it’s really creepy how they are trying to hide Bidens true conditions. . Just unreal.

      1. I’ve heard credible analyses of Trumps declining mental capacity too.

        Then there is Pelosi, McConnnell, etc. This is what happens when you have a geriocracy.

      2. ” …he makes up stories. ”

        Yer $aviour, thee.🍊.jesus: “Thee.kung.flu, deeth.👾, it’ll just … disappear! “

      3. “so obvious he’s senile.”

        Consider that it will certainly say something if Americans would rather have a senile guy over the other guy.

        Good thing there are more than two choices.

      5. It’s elder abuse. It’s disgusting. Clearly his family and friends don’t mind him embarrassing himself, probably because his career helped them get rich.

    2. I didn’t stay up late on election night 2016, but waking up the next day and seeing the New York Times website announce DJT as the winner was a great day.

      Bill Clinton is a rapist, and Hillary is a murderer.

  14. Well low housing inventory, low interest rates and bay area locust tech workers are causing headaches for Sacramento residents who want to buy right now.

      1. @zillow millionaire,

        not good ones with pools in safe areas of Sacramento and Placer county. Ya needs a pool in furnace blazing Sacramento!

        1. You’re a whiny little brat. Grow up. Read The Big Short. It took years for this to play out last time, Veruca Salt.

    1. When thee deeth.👾 $quatters start spitting @ thee land.lordy’$ repo guys, it’ll be: “Game.on!”

    2. Gotta love that photo captioned: “Rose Jusino moves back into her room at the Star Motel in August.”

      Note the lifted diesel 4×4 truck on 35″ lugged tires. $80k?

  16. “‘I understand if you’re not working, you can’t pay your bills, but I don’t think I should lose my property either,’ he said. ‘If I lose my properties to the bank, and the bank eventually does an eviction, now we’re all out on the street.’”

    This is my problem how, Speculator Boy?

  17. ‘There should be a safety net to bear the burden,’ he says. ‘We’re supposed to be looked out for.’”

    Family is the ultimate safety net. I look after mine. But nothing obligates me to look out for speculators or deadbeats for that matter.

    1. “Family is the ultimate $afety net.”

      “obviously you suffer no inherently genetic defects”

      Congratulation$! 👏🎉🎂✌

  18. Last week, CAPREIT CEO Mark Kenney sounded baffled by the union and its demands. ‘We don’t understand this issue’ at 215 and 225 Markham, he said. ‘These buildings have been highly, highly invested in.’”

    It’s pretty simple, Mark. Deadbeats want a free ride, and now speculators who binged on Yellen Bux to buy up insanely overpriced apartments are well and truly schlonged.

  19. ‘Because a 30% discount basically wipes out all the profits; it’s mostly for driving sales volume.’”

    It also causes the frenzied stamping of little feet from previous buyers who just got thrown under the bus.

  21. Also, socialism is not about government control, or totalitarian states, those were just an anomaly. Socialism is about people being more human with each other, following the Christian, or Islamic, or Buddhist, or Jew ethic, that you need to work and be rewarded, but also understand that you need to help your brothers.

    What a crock of shit. Socialism is about forcibly taking from the productive to give to the parasites. If you choose to give your own wealth or property to the less fortunate, that’s your prerogative. However, when you compel me to subsidize the lazy, shiftless, and irresponsible under the guise of “redistribution of the wealth,” that’s theft. Your socialist “anomalies” weren’t that at all – they were people like the former bus driver, Maduro, turned tinpot dictator, whose daughter is now a billionaire thanks to the socialists and their unfettered looting of the Venezuela’s economy and treasury, and theft by force from the successful and productive.

  22. While Democrat prosecutors have a catch-and-release policy when it comes to their fellow collectivists in Antifa, giving them a high-five on their way out the door, once the feds get involved these rampaging domestic terrorists may discover their nights of running riot with impunity have come to a screeching halt. Unless Comrades Biden and Harris get elected, that is.

    https://thepostmillennial.com/rioter-arrested-4-times-in-4-weeks-by-portland-authorities-now-federally-charged

  25. It’s 9/11 and who doesn’t remember that attack on America.
    I don’t like any attack on the USA and that includes from within.

    1. “any attack on the USA and that includes from within.”

      Thee.🍊 jesus, : CA, Oregone, Washington, they don’t rake their forests, no monie$ for them! $ad.

  26. I remember. Sitting in a bar in southern Spain, accidentally something caught my attention on TV. It took me minutes to realize this was news, and not a bad movie. Like they say, everyone will remember where they were and what they were doing that day.

    1. Oh, that day … Yes, watching Americans jump from the Towers, & the e next day, Repubican Shrub letting the Bin.laden.family.member$ get on a aeroplane an leave $afely for $audi.Arabia … Gloriou$ day for that family! & oil.loving.Repubican$

      ($orry, did knot see the 30,000 dancing Muslims celebrating in the Bronx streets that thee.🍊.jesus saw, eye reckon Trump.Tower$ i$ a better vantage point!)

      1. Look dude, I hated Bush too.

        And if you try to equate Trump to those ba$t*rd neocons because both are Republicans, then I will equate YOU to a slave-driving overseer because you both are Democrats.

        Stop this nonsense.

      2. The catastrophically misnamed “Patriot Act” was waiting in the wings for a 9/11 to happen. Bin Ladin couldn’t threaten our freedoms, but the authors of that piece of Orwellian legislation certainly didn’t let a crisis go to waste in ramming through their authoritarian agendas and trampling on the Constitution.

    2. Lessons from 9/11/01: The laws of physics are subjective, and must be interpreted with nuance. Circumstantial evidence is sufficient to convict the evildoers and spend trillions on wars.

  27. No stores looted, no storefront windows smashed, no cars burned, nobody threatened or beaten, no demands for positions to be eliminated or defunded yet message sent loud and clear.

    NFL ratings: Initial results show decline for K.C.-Houston kickoff game

    Jay Busbee
    September 11, 2020, 12:20 PM EDT

    Critics of the league will point to the NFL’s newfound social justice activism as the reason for the decline. While that may be true, ratings are an inexact science, capable of detecting action but not motivation. Possible reasons for the initial decline include:

    Social justice activism: The NFL has stepped squarely into the social justice space, with messaging blanketing most of the opening minutes of the telecast and halftime show. Slogans are in place in the back of both end zones, players linked hands in a “show of unity” (that was booed by fans despite not taking place in connection with the national anthem), and commentators made multiple references to social justice efforts. Critics of the league have claimed that they will stop watching as long as “politics” intrude on sports.

    https://sports.yahoo.com/nfl-ratings-initial-results-show-decline-for-kc-houston-kickoff-game-162037891.html

    1. Don’t fret, Draft.King$ is $till alive & the $tate lotto’$ I$ $till $elling $1 bet$ … All i$ well!

    2. “…they will stop watching as long as “politics” intrude on sports.”

      I got news for “them.” Owens, Ali, etc, etc, politics has always been a participant in sports. And yet, sports survives and grows.

      I’ve been enjoying the NBA playoffs, which have been competitive and I enjoy the lack of intrusion of fans.

      As the meme goes, “This ain’t the airport. No need to announce your departure.”

      1. As the meme goes, “This ain’t the airport. No need to announce your departure.”

        Most aren’t announcing their departure. They’re just leaving.

          1. “Not talking to co-workers or on social media much, eh?”

            No, just talking to contractors, material suppliers, forklift drivers, tradesmen, neighbors, attorneys, friends, family members etc.

            8 out of 10 have had it with this sh#t.

            I don’t do Facebook, twitter or any of that cr@p, if this blog is considered social media than it is the only social media I participate in. That being said, stating you are one of the millions who are no longer consuming the entertainment provided by major sports leagues (although I have not watched MLB since Wayne Huizenga owned the Marlins, paid for players to win a World Series, sold the team off and put a AAA team on the field the next year or watched an NBA game since Patrick Ewing played for the Knicks) certainly seems to have put some pepper in the Vaseline of the left leaning bloggers who post here.

          3. Not talking to co-workers or on social media much, eh?

            I don’t do Fakebook or any other censoring, pro-leftist social media.

      2. “This ain’t the airport. No need to announce your departure.”

        The flight was overbooked. 🙂

        Originally posted on Sportsnaut | By Vincent Frank | Last updated 9/11/20

        NFL television ratings plummeted for Texans-Chiefs opener
        According to Deadline, overall ratings were down a whopping 16.1% from last season’s “Thursday Night Football” opener between the Chicago Bears and Green Bay Packers. According to the note, this could end up being a 10-year low for the NFL on NBC. That’s just staggering.

        https://www.yardbarker.com/nfl/articles/what_to_make_of_dramatic_nfl_tv_ratings_decrease_for_texans_chiefs_opener/s1_12680_32836919

        1. “8 out of 10 have had it with this sh#t.”

          And yet, ratings are only down 16%. Sum ting wong.

          Boycott Chic-Fil-A, boycott Target, boycott sports. How about no? The departed are the triggered.

          And if they are, this is a good thing. It will lead to lower salaries for these divas. As one economist here says, and I paraphrase, “nothing stimulates the economy like lower and lower prices.”

          1. “And yet, ratings are only down 16%. Sum ting wong.”

            The people I talk to have jobs and pay taxes.

            “this could end up being a 10-year low for the NFL on NBC. That’s just staggering.”

          2. And yet, ratings are only down 16%. Sum ting wong.

            That assumes the ratings reported are true.

            Given that there was no pre-season one could be forgiven for thinking that the ratings would have been through the roof. Of course, they could have reported that they were up, but I suppose if they’re going to lie, they’ll probably tell a lie that’s easier to believe.

            It was very telling that the few Chiefs fans allowed to attend Thursday’s game would boo their beloved Souper Bowl champs.

            The people I talk to have jobs and pay taxes.

            Are there really enough dindu’s to keep the ratings up? I wouldn’t be surprised if the real TV viewership was down 50%.

            I’ve mentioned this before: I wouldn’t be surprised if Corporate America continues to pay the networks full freight for advertising. If they do that the NFL can continue to give fans the finger for a long time.

          3. “The people I talk to have jobs and pay taxes.”

            And those who play pro sports pay more in taxes. A LOT more. So maybe their voice means something? (If that’s the yardstick we’re shifting to here.)

            “Staggering”

            So we go back to 2005-2010 salaries in sports? Not very staggering. I’d prefer late 80s, early 90s ticket prices but it’s a start.

          4. “if Corporate America continues to pay the networks full freight for advertising.”

            Only if ratings stay within some range that they deem worth it, no? At some point, if ratings continue to dip, they’ll exit, or pay much lower rates to continue to advertise.

          5. And yet, ratings are only down 16%. Sum ting wong.

            Let’s go ahead and cut your paycheck 16%. It’s only 16%, right? LMFAO.

          6. “cut your paycheck 16%.”

            Ignoring the redirection for a sec, I saved enough from when I made 20% less (and lower) that I wouldn’t be bothered by that.

            To get back on point, the claim was that 8 in 10 people are departing sports. To the extent there is correlation here, that would imply a much higher decline in ratings, hence the use of the word “only.” #contextmatters

          7. Only if ratings stay within some range that they deem worth it, no?

            They get their marching orders, they follow them. As long as the globalists deem the Sportsball Industrial Complex to be useful, it will be funded.

          8. Jeff’s informal survey pool likely skewed more conservative.

            Anyway, last year, the Kaep protests generally stopped at kickoff. But if the NFL is going to virtue signal for the entire game, with commentators, advertisements, and uniform insignia, watch out ratings. The fans were already preached to on Sunday morning; they don’t want to hear it again on Sunday afternoon.

          9. Ignoring the redirection for a sec, I saved enough from when I made 20% less (and lower) that I wouldn’t be bothered by that.

            But it’s not redirection. A drop in ratings = a drop in revenue.

          10. “Jeff’s informal survey pool likely skewed more conservative.”

            You are correct oxide.

            Those Ivy League educated siblings and lawyers have clearly not had it with this sh#t and will defend this sh#t and to no one’s surprise blame this sh#t on the Orange Man Bad.

          11. Those Ivy League educated siblings and lawyers have clearly not had it with this sh#t

            They probably feel safe in their upper middle class, gated neighborhoods. But, as it has been stated, it doesn’t matter if you don’t go looking for the revolution, because it will eventually come looking for you.

          12. “if Corporate America continues to pay the networks full freight for advertising.”
            “They get their marching orders, they follow them.”
            “the Kaep protests”

            The big irony here is the forced nationalism via taxpayer-funded, military-industrial-complex advertising (anthem, really big flags, flyovers, TV commercials) PAID TO THE NFL beginning in 2009-ish, so I have to laugh at the offense taken to the kneel-downs and the resulting boycotts.

            ie – “You’d better only peacefully protest, just not on Sunday, because you’re interrupting the patriotism I paid to have marketed to me, even though you’re not protesting our soldiers.” lolz

            The NFL brought this on itself and deserves any fallout it gets.

  28. There might be a sleeping giant that awakes in the USA if the Commies continue with their insurrections.

    They hate America, and they dishonor all the war vets and the ones underground.

    How can anyone forget how the USA help save the World from Hilter and Japan .

    These turds want to make white people take a knee. I don’t think so. Total BS, Commie playbook.

    1. These turds want to make white people take a knee. I don’t think so. Total BS, Commie playbook.

      From all indications, white nationalist and militia groups are recruiting like crazy, while gun sales are off the charts. Heckova job, globalists. Your BLM-Antifa minions and their antics may have unintended consequences.

    2. Very smoky here the past few days in Portland, like someone’s got a campfire going next door.

      On a positive note, I read a few days ago that Portland has one of the lowest growth rates in the country. This may catalyze a further decrease…and lower prices.

      1. “Very smoky here the past few days in Portland, like someone’s got a campfire going next door.”

        Up in the Columbia Basin we have particulate laden smoke from Bend, OR that blew in last evening. I won’t step outside with an N95, and it burns the eyes. On Labor day the smoke from up north ushered in blackout conditions for half the day. My last road bicycle workout was on 9/06. 🙁

        1. Saw a story saying that the easterlies are blowing the smoke straight into the oncoming marine layer, so it’ll likely come right back at us once the westerlies come onshore, without some heavy precipitation.

          “My last road bicycle workout was on 9/06.”

          I hear ya. Blew out a derailleur on my last mtn bike outing (argh!) and was all set to get back at it this weekend.

    1. S&P 500 News: Amazon Leads Big Tech Stock Sell-Off, Wiping Out Broad Gains in Other Sectors
      Most stocks went up to end the week, but the index barely broke even as tech stocks continued to tumble.
      Jason Hall
      (TMFVelvetHammer)
      Sep 11, 2020 at 7:29PM

      On the surface, Friday’s relatively flat finish by the S&P 500 Index (SNPINDEX:^SPX) might make it seem like it was a calm day on Wall Street. The reality: It was another painfully volatile day in a volatile week for tech stocks, which fell sharply enough to wipe out gains in almost every other sector.

      Amazon (NASDAQ:AMZN) shares fell almost 2%, leading big tech lower as almost every tech stock with a market cap above $200 billion closed lower to end the week.
      …

  33. Marxist UK professor Malcom Caldwell, who never met a Communist dictatorship he didn’t fawn over and idealize, accepted an invitation to visit his ideological brothers, the Khmer Rouge, who had built “real communism” in Cambodia. His legacy was to become a cautionary tale on the hazards of blindly trusting in murderous Communist regimes. Burn in hell, Malcom.

    Learn something, Comrade Dora.

    https://threadreaderapp.com/thread/1303567170727604225

    1. Caldwell had plenty of deluded company. From the wikipedia entry on Pol Pot:

      in 1978, the Khmer Rouge met with delegates of the Swedish Cambodian Friendship Association, whose members openly sympathised with Pol Pot’s regime.[459] One of its members, Gunnar Bergstrom, later noted that in the 1970s he had been a Marxist–Leninist who had become dissatisfied with the Soviet Union and believed that the Cambodian government was building a society based on freedom and equality.[460] In his view, the Khmer Rouge regime was “an example to the Third World”.[459] Bergstrom noted that he and his fellow members had heard about atrocities that were taking place but “did not want to believe them”.

      It is estimated that 1/4 of Cambodia’s population perished in Pol Pot’s socialist utopia.

      1. Communist always have to force their Government takeovers and kill a bunch of people in the process. I don’t call that democracy where you are getting the consent of the voting majority.
        What a crack up that Commie BS is being re-marketed as ” Democratic Socialism.” As if it isn’t Big Government taking over.

        You got a little taste by Covid 19 just how oppressive Big Government can be.
        Oh, and Biden of all people is going to save you from Covid 19 because he is a mask wearer. Oh, and the jerk Commie AOC going to save you from climate change. And Betos going to save you by taking your guns.Just all Commie BS. Fear mongering at it’s worse with deliberate suppression of Doctors opinions that dispute the narratives.
        They must think if they keep saying the lines over and over again the people will believe it.
        Not that Covid-19 isn’t deadly to mostly older people who were kinda terminal to begin with, mostly in nursing homes.
        Nobody wants to get a snarky flu, but to shut down a whole Nation for this long.
        Everybody kinda went along with flattening the curve to shore up the medical system for two months, but after that it became this political thing and nothing but a bunch of lies .
        The medical Cartel has known for decades that older people die from respiratory being regular flu, pneumonia, hospital germs, and even the common cold. They never cared about protecting them before.
        It’s all such BS and I challenge any Dr or nurse to say that what I say above isn’t what was going on.

    1. Always appreciated. I especially like the feature that highlights new and unread posts, with the previous and next buttons. And being able to hide the trolls’ posts is priceless.

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