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Dreams Are High, It Will Sit On The Market, And They Come To The Realization They’ve Got No Offers Or Significantly Lowballed Offers

A report from the Wall Street Journal. “Some of the most conservative real-estate funds are suffering from falling property values, putting their fund managers in a tough spot as investors look to cash out. Now that the pandemic has caused values of hotels, retail properties and even many office buildings to tumble, investors are lining up to cash out of these funds. That has put fund managers in a bind: They either have to sell property into a stormy market to raise that cash, or tell investors they can’t get some or all of the money they want back.”

“The San Diego Employees Retirement System tried to redeem about $85 million from the $9.5 billion AEW Core Property Trust in the first quarter, but its consultant said it has received only a fraction of its request. ‘To date, 16% has been paid, and it will likely take several quarters to receive the full amount,’ said a September report from Townsend Group.”

“Overall, more than 15 of the 25 open ended core funds tracked by the National Council of Real Estate Investment Fiduciaries have investors waiting to redeem tens of billions of dollars worth of investments, according to industry participants. The Council said it doesn’t tabulate redemptions.”

“Those 25 funds had a total of $267.1 billion gross real-estate assets at the end of September, according to the Council. Their redemption issues mean more headaches for cash-starved investors in these funds, including public pensions that, as of March 31, held $4.93 trillion less than the cost of promised future obligations, according to Federal Reserve data.”

“UBS Trumbull, meanwhile, has been dumping properties at highly discounted prices. The fund sold its roughly half stake in Water Tower Place, a mall in Chicago, to its partner Brookfield Asset Management for a nominal amount, according to people familiar with the matter. It also sold Stamford Town Center, a retail property once valued at over $200 million for $20 million, essentially the value of the land, people said.”

“UBS Trumbull fund also suffered because it pursued a low-leverage strategy since the financial crisis of 2008. Lower leverage is typically considered a more conservative strategy. But it backfired for UBS, partly because debt has been so cheap in recent years. If the fund had put more leverage on properties it could have given them back to their lenders and just lost the amount of equity they had invested.”

From Bloomberg. “America’s ailing malls suffered a pair of body blows over the weekend as two major landlords followed their ever-growing list of bankrupt tenants into Chapter 11 protection. Pennsylvania Real Estate Investment Trust and CBL & Associates Properties Inc. sought protection from creditors Sunday, citing pandemic-induced pressures on their tenants and, in turn, themselves. Together the two REITs account for some 87 million square feet of real estate across the U.S., according to court papers.”

“‘There’s too much retail real estate in the U.S.,’ said Lindsay Dutch, a REIT equity analyst.”

From Bisnow New York. “‘In the rental market, there is nothing to be super-positive about right now. We are in the middle of an awful supply-demand issue, and it’s difficult to be upbeat about that,’ MNS CEO Andrew Barrocas said. Queens tells a similar story. Some 10,000 condominium units are expected to have been delivered over the last decade by the time we reach the end of this year. The total new development condo pipeline is under 4,500 over 2021, 2022 and 2023.”

“‘Some of these buildings will not go condo at all,’ Nancy Packes said in an interview, adding she has received calls from marketing firms talking about turning buildings that were set to be condo into rentals, though she declined to give specifics. That ‘rental escape’ strategy is not an option for Manhattan, she said, because the units are too big and pricey.”

“It may simply come down to price. New Empire Real Estate Group CEO Bentley Zhao, whose firm is selling Six Garfield, a new ground-up, 33-unit condo in Park Slope, said condos priced under $1M are selling at a steady pace. In Manhattan, where the company’s projects include a condo development at 208 Delancey St. on the Lower East Side, asking prices are generally down around 10% in the $2M price range. ‘Anything above $2M is not moving quickly,’ he said.”

“The upper echelon of the market was already oversupplied well before the pandemic, with luxury buyers skittish about the election and a host of policies like the one-time tax on second homes introduced last year and the possibility of a pied-à-terre tax said to be putting them off. The pandemic is just another reason for those kinds of buyers to wait, Halstead Property Development Marketing President Stephen Kliegerman said. ‘That high-end buyer is waiting a bit longer to see if the market softens a bit more before jumping in,’ he said.”

The Denver Post in Colorado. “Apartment rents in Denver are declining at a much faster clip than the rest of the metro area and the state overall, and the pandemic is likely why, according to the October Rent Report from Apartment List. The median monthly rent on a two-bedroom apartment in Denver was $1,560, down 0.8% from September and 5.2% from a year ago.”

“Rent growth is softening across other metro markets, but not at the pace seen in Denver. The median rent on a two-bedroom apartment in Broomfield was down 2.1% year-over-year to $1,970, while Lone Tree rents were down 1.3% to $2,050, Arvada rents dropped 1.2% to $1,420, and Englewood rents fell 0.8% to $1,580. ‘We’re finding that central cities are seeing much steeper declines than their suburban counterparts all across the country,’ said Igor Popov, chief economist with Apartment List.”

“San Francisco apartment rents are down 21.7% since the pandemic started in March and New York rents are off 15.3%. Other core cities with double-digit declines in median rents include Seattle; Boston; San Jose, Calif., and Washington, D.C. ‘Relatively fewer renters have been moving to the Denver metro for new jobs due to a mix of recession and remote work impacts. At the same time, the secondary cities in the region have gotten a boost in demand,’ Popov said.”

“For most of the past decade, developers focused on building luxury high-rise apartments in downtown areas. The units tended to be smaller, but the trade-off was that they were close to attractions. But with many venues closed and more people working from home because of the pandemic, the focus has shifted to lower density and more living space. ‘I definitely think this will start to affect development, albeit with a lag. Feels like the key buzzword of the last decade was ‘walkability’ and with the pandemic there just haven’t been the same number of places to walk to I suppose,’ Popov said.”

The San Francisco Chronicle in California. “Luxury apartment buildings downtown aren’t quite as appealing as they once were. The allure of being just steps from the office, well, isn’t so alluring when you’re working from home for the foreseeable future. These are some of the spaces offering the best deals right now, with two to three months rent-free almost standard, and this SoMa building is going one step further.”

“The building is currently offering a three-month rent credit in addition to ‘an array of lifestyle enhancing packages that fit the new normal.’ Residents can choose between the ‘remote worker,’ which includes 12 months of a cable/internet credit up to $200 per month, an Amazon Echo Dot, and Tile™ Mate Tracker, the ‘mind-body mover,’ which includes 12 personal training session, six 60-minute massage sessions, a fitness cooling towel, fit tracker, and NEMA-branded yoga mat and glass water bottle; the ‘do-gooder,’ which includes a $2,000 donation to the local charity of your choice; or the ‘move maker,’ which includes a credit toward movers or a relocation expert up to $1,000, bedroom blackout shades, a Dyson air purifying fan and a bottle of wine and NEMA-branded wine glasses to celebrate.”

“Apartments start at … drumroll … $1,795/month! That’s for a 492-square-foot studio. Zumper reported the median rent of a studio in SoMa is $2,051.”

The Globe and Mail in Canada. “Real estate investors are increasingly trying to get out of closing on their newly built condos in the Toronto region, as rents plummet and banks toughen borrowing qualifications for rental properties. Selling the right to buy the new condo, also known as assignment sales, has soared during the past few months of the coronavirus pandemic, according to realtors.”

“It is a sign of weakness in the condo market beset by a glut of new units, declining rents and a dwindling number of renters. ‘We are seeing a massive wave of assignments of people who don’t want to close in this market,’ said Simeon Papailias, senior partner with REC Canada, which brokers hundreds of preconstruction sales every year.”

“Since the pandemic started early this year, the rental vacancy rate in the Greater Toronto Area has reached its highest level in more than a decade and the average rental price is 9-per-cent lower than the previous year, according to industry research group Urbanation Inc. At the same time, the number of available rental units has spiked. A record 23,000 new condos units will be completed in the Toronto region this year, and another 22,434 are due next year, according to Urbanation. It estimates that 50 per cent were bought as rental units.”

“Now, real estate investors who are due to close on their new condos worry that they won’t be able to cover their mortgage payments with rent. Since the pandemic began, lenders have become stricter with their qualifications, including in some cases requiring bigger down payments and not accepting down payments that were borrowed.”

“‘The financing has gotten a lot more difficult,’ said Matt Elkind, senior broker with Connect Realty, an expert in preconstruction sales. ‘The banks’ appetite to lend to investors is down significantly. An individual, six months ago, would have qualified without problem. They’re not now,’ he said.”

“Some banks are asking prospective borrowers for a 35-per-cent down payment to qualify for the mortgage, whereas in the past, 20 per cent would suffice. Lenders are also recognizing less of the rental income as part of the borrower’s total income. For example, before the pandemic, a lender would count 80 per cent of the prospective rental income as part of the borrower’s total income. Now, the same lender will only recognize 50 per cent of that income, according to real estate experts.”

“‘For people whose only income is rental, it is hard to qualify,’ said Bernadette Laxamana, mortgage broker and president of Karista Mortgage in B.C. If buyers don’t qualify at a bank, they are forced to seek alternative lenders, which typically charge higher interest rates. ‘They are having to look at options where the money is much more expensive. That is where people are having problems,’ Mr. Elkind said.”

From Marijuana Business Daily in Canada. “When Aurora Cannabis acquired greenhouse design firm Larssen in late 2017, it was a shot across the bow of rival Canadian marijuana producers. In short, the Alberta-based producer was signaling to the industry it intended to win the ‘funded capacity’ race at any cost – even if that meant buying the company designing your greenhouse. Many of the greenhouse transactions in the industry at the time ultimately led to direct real estate losses worth millions of dollars and ‘balance sheet adjustments’ worth billions of dollars, financial statements show.”

“Like most Aurora M&A deals of that era, the purchase of Larssen for an undisclosed sum did not pan out. Instead, Aurora’s acquisition of Larssen illustrates the lack of focus demonstrated by the largest cannabis companies: Were they in the business of delighting customers, building greenhouses or selling stock?”

“Three years later, Aurora quietly admitted in a regulatory filing it was selling Larssen back to its original owner ‘for a nominal amount.’ In the same filing, Aurora said Larssen recorded a net loss from discontinued operations of 9.84 million Canadian dollars ($7.1 million). Many of the large greenhouses financed or acquired amid the chaotic cannabis bubble were simply never needed to meet the level of demand that was forecast in the early years of legalization, as Marijuana Business Daily reported weeks after the Larssen acquisition.”

“So why did cannabis producers build so many greenhouses independent of demand forecasting? In the case of at least Aurora, executive bonuses at the time were partially tied to building cannabis production in Canada and establishing new facilities outside Canada, a regulatory filing shows. That created an incentive for executives to not only pursue M&A to build up production capacity but also to continue building out their own massive facilities.”

“They were effectively incentivized to build greenhouses, fueling investor – not consumer – demand. Some also say Canadian cannabis companies went public too early, which encouraged and incentivized the wrong decision-making, said Daniel Sax, a cannabis industry investor and adviser. ‘This became not a business-building industry for a bit. It was a press-release industry. Everything was a press release. The bigger the number, the better. The more grandiose the vision, the better,’ he told MJBizDaily.”

“Similar deals were seen across the industry. Vancouver, British Columbia-based Sunniva spent CA$25 million on its ‘Canada campus’ as of late 2018, according to regulatory filings. It sold the property this summer for CA$6.8 million. In May, Aurora accepted an offer for a greenhouse in Exeter, Ontario, for what appeared to be approximately half its CA$17 million listing price and one-third of the original purchase price.”

“Mary Durocher, president of Fox D Consulting in southwestern Ontario, noted that the market for cannabis greenhouses today is nowhere near what it was five years ago. ‘We’ve got probably a dozen clients who have their facility up for sale, just because they don’t have the funds to operate them,’ she said. ‘Dreams are high. It will sit on the market for a few months, and they will come to the realization once they’ve got no offers or significantly lowballed offers.'”

“Some executives do not really understand the buyers’ market, she said. ‘I can understand that is quite difficult. If I spent CA$100 million and my return was only CA$10 million, I’d be quite upset as well. But from my perspective, growing up in Leamington, it blew my mind from the beginning. Who is spending CA$100 million on a greenhouse? We just built one for 8 (million).'”

This Post Has 266 Comments
  1. Jeebus the crater is deep this morning. I had to cut it down to this with plenty left for later:

    ‘The banks’ appetite to lend to investors is down significantly. An individual, six months ago, would have qualified without problem. They’re not now’

    So pre-construction airbox a$$-poundings cuz lending dried up. Now where have we seen that several thousand times before? Gosh, I hope no one overpaid back when the lending was easy!

    1. Of course people overpaid when the lending was easy. Easy lending supports stupidly high prices that are driven high by stupid buyers.

      Take away the easy lending and the high prices lose their support and hence they fall. The stupid people will still be there, the stupid debt will still be there, but the high prices that were spawned by all the stupidly will vanish.

      Fun times lay ahead.

      1. Vultures wait until you’re dead before they feast on your carcass.
        Bears are much more proactive in acquiring their meals.

  2. Now that the pandemic has caused values of hotels, retail properties and even many office buildings to tumble, investors are lining up to cash out of these funds.

    Gosh, I sure hope the bagholders, er, investors, don’t all stampede for the exits at once, as that might spook the herd.

  3. ‘Were they in the business of delighting customers, building greenhouses or selling stock?’

    Just like the dotbomb thing. Any time you see people get crazy with business models that turn into stock selling exercises, run for the hills. And as you can see, bubble form in all sorts of areas.

    I gotta fill out my ballot and go vote. Pick up a bottle of bubbly. I may have an election thread later.

    1. Stoners lacking focus? Lol, I’m shocked! Hopefully lots of stoner investors lose their azz! Most are almost homeless anyway, time to reserve their shopping cart now, beat the rush.

    2. Any time you see people get crazy with business models that turn into stock selling exercises, run for the hills.

      Speaking of which, is there any reason for the massive 1,000+ point DOW rocket ride the past 2 days?

  4. “The San Diego Employees Retirement System tried to redeem about $85 million from the $9.5 billion AEW Core Property Trust in the first quarter, but its consultant said it has received only a fraction of its request.

    San Diego retirees, you might want to use your collective bargaining power to make bulk buys of cat food to lay away for your golden years.

  5. “‘There’s too much retail real estate in the U.S.,’ said Lindsay Dutch, a REIT equity analyst.”

    Really? I’d have never figured that out on my own.

  6. ‘Those 25 funds had a total of $267.1 billion gross real-estate assets at the end of September, according to the Council. Their redemption issues mean more headaches for cash-starved investors in these funds, including public pensions that, as of March 31, held $4.93 trillion less than the cost of promised future obligations’

    Is that a lot? I said years ago these bubbles would mean people who thought they would retire will be gathering shopping carts instead.

  7. The pandemic is just another reason for those kinds of buyers to wait, Halstead Property Development Marketing President Stephen Kliegerman said.

    Being a fat-cat who reaped obscene profits from the Fed’s generosity to its Wall Street grifter accomplices might not endear one or one’s ultra-luxury skybox tower to the BLM-Antifa mobs and their Jacobian handlers.

  8. Manhattan Retailers, Condo Residents Fortifying Themselves Ahead Of Possible Election Unrest

    ‘Over the weekend, dozens of chain stores across Soho and Midtown, Manhattan were once again encased with plywood. Among the corporations that had boarded up storefronts as of Monday: Chanel, Macy’s, Sephora, Bergdorf Goodman, Victoria’s Secret, Gucci, Citi Bank, American Eagle, and Sweetgreen.’

    ‘The headquarters of News Corp — home to Fox News, the Wall Street Journal, and the NY Post — was also boarded up. The Diplomat Centre, an office building adjacent to the United Nations, began its fortification process shortly before sundown on Monday.’

    ‘But while some Manhattan businesses and residents seemed to liken their fears to the uprising this summer, other New Yorkers said they were most concerned about violence originating from the right.’

    “My fear definitely is white supremacy coming into these developments,” said Carmen Quinones, a tenant leader at the Frederick Douglass buildings on the Upper West Side.’

    https://gothamist.com/news/manhattan-retailers-condo-residents-fortifying-themselves-ahead-possible-election-unrest

    1. Odd how all those “white supremacist” looters are various shades of black and brown. Didn’t realize those Neo-Nazis were so inclusive.

      1. Most White Supremicists are happy to loot your 401K in the background while you aren’t paying attention.

        1+% yearly tax on your net worth adds up. Over 10 years, they’ve looted my account in the 4 figures. Sigh… Government says that 401Ks are privately run so if I want a retirement, I have to accept the looting.

        1. Who, again, was talking about looting 401Ks? Oh that’s right, it was the Democrats. I’ll even provide a link so that you don’t have to “look it up.”

          “Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers’ personal retirement accounts — including 401(k)s and IRAs — and convert them to accounts managed by the Social Security Administration.

          Testifying for the House Committee on Education and Labor, [Theresa] Ghilarducci proposed that the government eliminate tax breaks for 401(k) and similar retirement accounts, such as IRAs, and confiscate workers’ retirement plan accounts and convert them to universal Guaranteed Retirement Accounts (GRAs) managed by the Social Security Administration.”

          https://www.carolinajournal.com/news-article/dems-target-private-retirement-accounts/

          1. Shes just a rep for the tiny hat mafia that wants to get their hands on that money. Maybe even a marrano, theres more than you can imagine.

            Wouldnt be surprised if Bob is one himself, typical richy rich crying about how bad the poor have it and we (i.e., everybody but him) have to help them so he and his buddies can get some of the skim via some bs nonprofit. Not unlike a certain chode from NY that acts like this is a great place to advertise his lame blog about a sh!thole no one cares about.

          2. “My 457 plan is managed by CalPERS — no complaints.”

            Hasn’t Yves Smith over at Naked Capitalism been writing for years about how poorly managed Calpers is?

        2. Most White Supremicists are happy to loot your 401K in the background while you aren’t paying attention.

          Wow. Unsubstantiated racism.

          1. My 457 plan is managed by CalPERS — no complaints.

            Until you go to retire and find out the epically incompetent stock pickers at CalPERS, working hand in glove with the Fed’s Wall Street grifter accomplices, have looted your pension funds. It’s coming.

        3. Most White Supremicists are happy to loot your 401K in the background while you aren’t paying attention.

          Um, yeah….that isn’t exactly an ethnic-religious group that is over-represented in the financial sector.

  9. Woman investigated for voter intimidation after allegedly collecting ballots from South LA senior home

    ‘A criminal investigation into potential voter intimidation is underway as authorities search for a woman who may have swiped ballots from senior citizens living in South L.A.’

    ‘Los Angeles County Registrar of Voters Dean Logan confirms to Eyewitness News that investigators are examining security video of a woman who allegedly collected ballots from seniors at the Westminster Arms low-income housing complex.’

    “I think what was particularly concerning about this allegation is that it seemed to, at least potentially, to prey on a vulnerable population,” Logan tells Eyewitness News. “Non-English speaking, or at least limited-English speaking, voters who I think are easily susceptible to being duped in a process like this.”

    ‘The allegation stems from reports that a woman went door to door at the senior living complex, steered the seniors to vote for Democratic presidential candidate Joe Biden, then collected their ballots and said she would fill in the rest.’

    “What we’re hearing, at least the possibility that they’re saying, you know, fill out part of the ballot, leave the rest and I’ll take care of that. Sign the envelope, give me your blank ballot. I’ll take care of that,” says Logan.’

    https://abc7.com/voter-intimidation-fraud-south-la-jefferson-park/7596467/

    1. dtRumpsis Chaostic Tantrumiosis, will get 0 (Zero) electoral endor$ements from 40+ million “$hit.hole.Clownifornicators” 🍺

      Including “deducting” all the fake.votes in this earth.$hattering “… ‘The allegation stems from reports …”

      (This sort of malfeasance would never happen in say: North.Carolina!)

        1. Rip, know.thy.$elf!
          (& fer Pete’s $ake, quit starring @ yer $moke & mirror$ 🍊.Jesus delusional images)

          The real Trump Derangement Syndrome is: ‘Orange Man Good’

          Business Insider / Anthony Fischer

          It’s understandable that any criticism directed at Trump is dismissed as “TDS” from dyed-in-the-wool, MAGA-till-they-die Trumpists.

          Trump supporters reflexively insist President Donald Trump’s critics have “Trump Derangement Syndrome,” a condition in which the mere mention of the 45th president’s name induces fits of hysteria.

          “Orange Man Bad,” they’ll say, as a dismissive conversation-ending put-down.

          More infuriating are the anti-anti-Trumpers, right-leaning contrarians too embarrassed to admit they support such a fiscally irresponsible, defiantly unintelligent, conscience-bereft hypocrite. Trump’s their guy, whatever superficial objections to his vulgarity they may voice, because they appreciate that he did tax reform, moved the US embassy to Jerusalem, and, most important, triggers the real bad guys — “the left.”

          By nearly every objective metric Trump’s presidency has been a failure, and he has contributed to this country’s partisan division perhaps more than any single person over the past decade, from his birther slanders to his idiotic anti-mask posturing.

          That’s why the real Trump Derangement Syndrome is these reluctant Trumpists’ knee-jerk defense of Trump just because he “triggers the libs.”

          And the truly mindless response isn’t a resistance liberal crying, “Orange Man Bad.” It’s disingenuous conservatives droning “Orange Man Good.”

          Trumpists wear magic glasses that make them see his presidency as successful.

          To the outwardly reluctant Trumpist fact-based indictment$ of Trump’s di$a$trou$ presidency are merely the rantings of deranged socialists.

    2. ‘The allegation stems from reports that a woman went door to door at the senior living complex, steered the seniors to vote for Democratic presidential candidate Joe Biden, then collected their ballots and said she would fill in the rest.’

      It’s always Democrats doing this kind of underhanded voter fraud. Every.Single.Time. You’d have to have a seriously defective moral compass to be affiliated with such a corrupt dirtbag party.

    1. I won’t use qualifiers. Who isn’t flawed? Is sniffing little girls hair flawed, or stuffing many millions of Chicom pesos into yer families pockets flawed? How many of people out there could undergo years of multiple investigations into you and everyone associated with you looking to trip them up in a perjury trap using endless guberment moneys? I couldn’t. Lesser people would have walked away and let the swamp win.

      No qualifiers for me. The President must be an angel to have survived that relentless scrutiny.

      1. ” …survived that relentless scrutiny. ”

        Doe$n’t thee.🍊jesus $till have “$pecial” inve$tigator$ lookin’ for Thee.Kenyan’$ “true&official” birth certificate & real non.Kansas birth.mother?

        This effort is still easily eclipsing his $elf.revelation$ about his “audited” income taxe$.

        1. Actually, the person who started looking into the Obama birth certificate, was a lawyer and Democrat who supported Hillary in 2008. I have the articles saved somewhere, but he did have information that questioned the legitimacy of what Obama claimed. He, no doubt, was pressured to drop the investigation by the DNC heavies.

      2. No qualifiers for me. The President must be an angel to have survived that relentless scrutiny.

        He’s simply got brass balls – something that’s missing in most people these days. He gets punched in the mouth and turns around and punches two in the mouth.

        My hope is that he wins reelection and Hunter Biden is immediately arrested for money laundering and treason, and “the big guy” goes away in handcuffs as well. Then, with a revamping of the Justice Dept. we see Comey, Strzok, McCabe and the rest of the traitors arrested and facing a lifetime behind bars. Yeah, a guy can dream.

      3. “Who isn’t flawed?”

        In the 2015 primaries Ben wrote something (sorry to paraphrase) about people waiting around for some imaginary perfect candidate to come along who doesn’t exist, and that Trump WAS the guy we were waiting for – no one else was was coming, it took someone like Trump to fight for America, and Trump was the only candidate to even try.

        That really changed my mind. So thank you, Ben. No qualifiers here! As a hat at a rally yesterday said: “Re-elect That M*****F*****”

      1. I wonder how many people in these rallies and buggy trains and boat parades and sexi-trux convoys actually told a pollster they were voting for Trump.

    1. ‘You know it’s going to be a landslide when the Amish start to rally and create their own Trump Train’

      guffaw

      1. I’m waiting for the MSM to inform us that the Amish have been spearheading and masterminding the wholesale looting and destruction in dozens of American cities. To hear the MSM tell it, the Amish and white supremacists work in shifts.

    2. I have never in my lifetime seen such a display of re-election support for a sitting US President. It screams landslide.

        1. The most stunning figures were that of the attendees at Trump rallies in Iowa, Georgia, Florida, Nevada, Michigan, and Wisconsin, at least 24%+ said had not voted in 2016. If the rallies reflect the electorate, then pollsters may as well #learntocode.

          1. If they’re incompetent when polling, what makes you think they can code their way out of a paper bag?

          2. Yes. 2016 showed that old polling methods are outdated. 1. 2016 was heavy on first-time voters. The pollsters failed to develop some provision to count them.
            2. 2016 was heavy on “shy” (ha, more like deliberately deceptive) voters. Pollsters failed to develop a provision to count them.

            Obviously I don’t know how 2020 is going to go, but for sure the pollsters made the same mistakes. Biden up by 13% nationally? Biden up 9% in PA? Biden might win, but not with those spreads.

          3. 2016 was heavy on “shy” (ha, more like deliberately deceptive) voters. Pollsters failed to develop a provision to count them.

            So many of our traditional solutions to problems only work in a high trust society.

  10. Got frozen HODLings?

    “The San Diego Employees Retirement System tried to redeem about $85 million from the $9.5 billion AEW Core Property Trust in the first quarter, but its consultant said it has received only a fraction of its request. ‘To date, 16% has been paid, and it will likely take several quarters to receive the full amount,’ said a September report from Townsend Group.”

    1. “…AEW Core Property Trust…”

      Hmm, must be an illiquid investment?

      *Illiquid is the state of a security or other asset that cannot quickly and easily be sold or exchanged for cash without a substantial loss in value.

  11. “It also sold Stamford Town Center, a retail property once valued at over $200 million for $20 million, essentially the value of the land, people said.”

    Is this a lot?

      1. Gotta wonder how far off is the Matrix egg? Take the blue pill and stay warm and comfortable in your egg with VR programming providing you with a reason for existence. Or swallow the red pill, and it’s garbage can fires to stay warm because your job got automated or off-shored.

  12. I was thinking last night that there is something really perverse about the figureheads of the Dem Party.
    When you have older people, who should of aquired some wisdom with age ,acting like they are going thru their second childhoods, it’s outright nuts.
    Nancy Pelosi is a example of the destructive felmale who is going to keep you from growing up because mommy knows best.
    Bernie Sanders is the old corrupt Commie attracting the young like a piide piper leading the young off the
    clift, taking advantage of their lack of knowledge.
    Joe Biden, who never accomplished anything but being bribed, is going to bring the Nation he was treasonous to together. Hey man, this is the deal.

    And Harris the silly school girl flake puppet is going to make everyone equal by turning reward and punishment and a merit based system into redistribution by thief.
    These are not people that could past a test on being anything but psychology
    wise perverse.
    Think of how arrogant and deranged these people are to suggest that they should rule by destroying individual rights and they will make everything equal. .

    Really, the Globalist money machine put up exactly what they are, deranged and corrupt power hungry thieves wanting to take individual freedom for top down control.
    These despots represent all that is anti life. Corruption of human spirit for their perverse control.

    1. “I was thinking last night that there is something really perverse about the figureheads of the Dem Party.”

      Don’t limit your thinking.

      “When you have older people, who should of aquired some wisdom with age ,acting like they are going thru their second childhoods, it’s outright nuts.”

      They are just using what works.

      “Nancy Pelosi is a example of the destructive felmale who is going to keep you from growing up because mommy knows best.”

      Check.

      “Bernie Sanders is the old corrupt Commie attracting the young like a piide piper leading the young off the
      clift, taking advantage of their lack of knowledge.”

      Again, using what works.

      “Joe Biden, who never accomplished anything but being bribed, is going to bring the Nation he was treasonous to together. Hey man, this is the deal.”

      Using. What. Works.

      “And Harris the silly school girl flake puppet is going to make everyone equal by turning reward and punishment and a merit based system into redistribution by thief.”

      Reminds me of some of the loans I made over the years.

      “These are not people that could past a test on being anything but psychology wise perverse.”

      (yawn) They use what works.

      “Think of how arrogant and deranged these people are to suggest that they should rule by destroying individual rights and they will make everything equal.”

      But heir followers love it.

      “Really, the Globalist money machine put up exactly what they are, deranged and corrupt power hungry thieves wanting to take individual freedom for top down control.”

      A worthy goal.

      “These despots represent all that is anti life. Corruption of human spirit for their perverse control.”

      A beautiful thing to behold if you are positioned correctly.

      1. Ha, ha Mr Banker. You know you agree with me. Of course there are people that benefit from corruption of any sort, until they don’t.

  13. “UBS Trumbull fund also suffered because it pursued a low-leverage strategy since the financial crisis of 2008. Lower leverage is typically considered a more conservative strategy. But it backfired for UBS, partly because debt has been so cheap in recent years. If the fund had put more leverage on properties it could have given them back to their lenders and just lost the amount of equity they had invested.”

    That’s the spirits! Get these 3% down or 0% down loan and shove it up the lender A$$ with the keys if things go south!

    1. Wonder how much the embedded Mossad bugs and cameras in that edifice were worth, and how many blackmail videos and dossiers are sitting in Tel Aviv to ensure blind support for Israel.

  14. “‘In the rental market, there is nothing to be super-positive about right now. We are in the middle of an awful supply-demand issue, and it’s difficult to be upbeat about that,’ MNS CEO Andrew Barrocas said.

    Au contraire. Watching over leveraged speculators unable to collect rents and gearing up to dump their “investment” at the first opportunity fills me with positivity.

    1. Watching over leveraged speculators unable to collect rents

      The one thing that concerns me about this is that it could embolden the free sh!t army to demand ever more.

      1. The FSA is going to keep demanding more regardless. And getting more militant and extreme in their demands since the DNC is pandering to them.

    1. Happy Election Day from elevation 13,000 feet! I’m taking a few days off this week (renters with no debt have that option) to enjoy the fall weather above treeline before the snow comes in. No debt donkeys on my mountain!

      1. “Happy Election Day from elevation 13,000 feet!” . … Cheer$🍺

        (Rumor has it that thee.”Hoax!”.deeth.virus👾 gets high altitude sickness, & @ high UV & low 12.3 % oxygen levels really prefers places with lots & lots of non.filtered moist mammalian mouths residing below 4,000′)

      2. My last road bike ride was yesterday, and I cleaned and lubed the chain and drive cogs. Now it’s up to the off-road touring bike with its rugged frame and wheels until the ice and snow arrive.

      3. Rest well, Apt. At the end of the day, if Biden wins, the only thing I expect is a lot of SJW gloating. Economically, no difference.

        1. if Biden wins, the only thing I expect is a lot of SJW gloating

          I expect the following:
          1) Illegal immigrant amnesty
          2) Lots of immigrant visas
          3) A lot of coal power plans shut down, expensive electricity and blackouts (it might be time to purchase solar panels)
          4) More expensive gasoline and higher EPA mpg requirements for new cars
          5) More gun grabbing
          6) More Obama style lost years for the economy.
          7) A national VAT to fund a UBI

  15. “Apartment rents in Denver are declining at a much faster clip than the rest of the metro area and the state overall, and the pandemic is likely why, according to the October Rent Report from Apartment List.

    The pandemic, and Denver’s Bolshevik leadership and their coddling of BLM-Antifa “mostly peaceful protesters.”

  16. ‘We’re finding that central cities are seeing much steeper declines than their suburban counterparts all across the country,’ said Igor Popov, chief economist with Apartment List.”

    Not coincidentally, all of those central cities are malgoverned by corrupt, incompetent Democrat administrations who along with their Bolshevik Red Guards and swelling armies of parasitic entitlement voters are running those municipalities into the ground.

    1. What an absolute embarrassment this doddering old fool is. This is the best the Dems could put forth. Just WOW.

      1. This is the best the Dems could put forth.

        If by best you mean the most corrupt Democrat not otherwise in office and still eligible for the presidency. And yes, that includes Hillary.

    2. Was Natalie in Joe’s gang there? Are the Bidens that far gone that they don’t mind putting a victim of child abuse front and center? The G-TV videos/emails have been up for at least a week now and if they cared about her at all she wouldn’t be paraded in public.

  17. “Luxury apartment buildings downtown aren’t quite as appealing as they once were.

    With lawless Gimme Dats robbing and rioting with impunity while Soros-installed Democrat DA’s chuckle indulgently, yeah, the “edgy urban vibe” has lost its appeal to the demographic under assault.

    1. Florida has some provision where they could start counting early (something like that), which is why they are already starting to report. Florida is the real bellweather.

      1. I opened the main page in incognito mode and clicked on Florida to follow county by county. You may have to subscribe otherwise, I’m not sure. Panhandle is an hour later and was what sealed the deal 4 years ago. The vote counting is going real fast there.

    2. Comment from Nate Cohn, globalist shill: “If there’s any consolation for Democrats, this Miami-Dade result, way worse for Biden than expected, is not something we expect to see repeated elsewhere in the country.”

      You keep telling yourself that, Nate.

    3. Thanks again, Ben Jones for everything you do for us.

      I’m not staying up late tonight. C-SPAN’s Washington Journal will be airing a special FIVE HOUR program tomorrow from 7am to noon Eastern that I expect may be more informative than anything happening late night tonight…

        1. Yeah, and now he’s up almost 100k votes. Wishful thinking by the fake news media? Remember last time when they removed Clinton wins and changed them to “too close to call?”

          1. I didn’t know they removed Clinton wins in 2016. I’m sure Biden will win VA, but by how much? It was 5% last time. The surprise might be NC.

          2. I find this quote interesting:

            Pause for a moment to consider that Virginia was called for Biden less than an hour after polls closed. It was a swing state not long ago, won by George W. Bush in 2004.

            And Biden is trailing by 215,000 votes right now.

          3. In 2016 they waited for the Northern Virginia vote to come in. This time they are assuming NoVa will go to Biden, so they can call it earlier.

          1. From the Florida page on the sidebar:

            ‘Biden is getting the margins statewide that his campaign hoped for in Florida. It’s that very bad Miami-Dade County return that has swung the state toward Trump.’

            Cubans don’t like commies.

          2. That NYT page has a Forecast Meter. They say Trump is 95% to win in FL. And the meter is showing Trump pulling away in GA and pulling ahead in NC.

          3. I’m comparing to 2016, and 2020 really doesn’t look all that different. The only difference is that the news stations appear to have some new algo for how they are calling states.

          4. I’m comparing to 2016, and 2020 really doesn’t look all that different. The only difference is that the news stations appear to have some new algo for how they are calling states.

            Yeah, I’m not really seeing Biden’s path to victory at all. He hasn’t turned any states yet.

          5. I expect Biden to turn at least one or two states — Ohio or PA or Michigan or Wisconsin. But compared to 2016, Trump has some room.

          6. I expect Biden to turn at least one or two states — Ohio or PA or Michigan or Wisconsin.

            Biden is getting destroyed in all but Wisconsin now, and he’s still behind there.

    1. Heh, the NYT Forecaster maps says Trump has 95% chance to win FL. NYT home page says FL “too close to call.” 🙄

  18. Little Mike spent $100 million on Florida alone. Sorry Mike.

    Florida was a lot of work. Coast to victory now.

    1. “Little Mike spent $100 million on Florida alone.”

      My neighbor spent $20 for his 2 Trump flags. 🙂

      1. I bought in bulk and paid 1.87 each. They’re were all flying 4 weeks ago in NJ, PA, NY and CT.

  19. Biden with a rapidly shrinking lead in Texas, with about 52% reporting. Really not sure where are these Texas commies are coming from. CA maybe?

    1. They’re coming from all over the country. NYT shows Biden is up in Texas, but that’s because the major cities appear to be reporting first. Dallas, Austin, Houston, and San Antonia.

      Trump pulling ahead in NC. I’m surprised, didn’t they have a huge in-migration? Tennessee 2020 vs. 2016 will be interesting. There’s been a huge in-migration to Nashville. If I were to be optimistic, I would guess that all the in-migration is being cancelled out by new shy Trump voters from the rural areas. Maybe all those parades made a difference.

    1. The problem is that the reporting is uneven over the state. This election is definitely country mouse vs. city mouse. If city precints report first, AP might call a state is ahead for Biden even if it expects Trump to ultimately take the state.

      The NYT map is pretty good, but, click on the “Size of Lead” box under the map. That will show dots in the states which are still counting, which gives some idea of what part of the state is reporting.

  20. Biden/Harris is the party of fake news, suppression of news, Russian Hoax, Fake impeachment, Pro China and Globalist, fake narratives, Commie BS, Defund the Police,raise taxes, take away gas and oil, take away beef, fear mongering,,reverse discrimination, court Stacking, ballot cheating by ilegals,lock downs and not following the science, bribing voters, being bribed by fat Cats,promotion of criminals,
    revenge , sore losers, won’t answer questions, cultist, power hungry anti American etc etc. creepy people for most part. Oh they think their above the law, and they refuse to compromise. They aren’t good at math and they want your money and they run creepy cities.

    So, considering the above, what kind of moron would vote for such creeps against their own interest?
    If you have this many people in the US that are this dumb, than it’s over.

  21. It appears all the early votes come in for Biden, then he loses the lead. Gaps are closing in Texas, Ohio and Pennsylvania.

    1. Agree. And that was expected. The TDS voters couldn’t wait a single minute to vote against Trump. Trump voters are showing up on the day. Didn’t Trump tell them to show up in person to make sure their vote wasn’t thrown into a ditch?

      1. There are even qualifiers posted for many states, which say the early votes counted are likely to be Democrat. It’s just weird.

    2. I am listening to a prepper livestream. One of them said that CNN is walking back the call for VA. 😮 Looking for confirmation… because I just don’t think that Trump can take VA.

      1. What are these fake news outlets going to do tomorrow when, again, all their “polls” were wrong. In 2016 they said “how did we get it wrong?” But they never admitted the truth – they weren’t polls at all – they were misinformation campaigns by globalists to try to sway voters to pull the D lever.

      2. Well, the map on the CNN home page shows Virginia as blank, no call yet. I don’t know if they had called it earlier, but it’s showing nothing right now.

        One thing is for sure — the polls are completely off. I’ll read the state-by-state blow-by-blow tomorrow. But so far, this looks like 2016 but with less nail-biting. My real fear is PA and OH.

        1. Northern VA is solid blue and they usually report later. That’s why they called VA so early. I’m still a bit worried for Texas and a lot worried for PA/Ohio.

          1. The rural VA counties hate and resent the libtard northern suburbs that are packed with libtards and imported leftists from all over the globe. I foresee a succession between the red counties, and the heritage Americans therein, vs. the Bolsheviks in the northern urban FedGov enclaves trying to impose their will on the rest of the state.

          2. I’ve interviewed and looked at living in a number of cities nationwide, particularly up and down the seaboards.

  22. Meanwhile Trump’s up almost 400,000 votes in Virginia now, yet they gave the state to Biden the moment polls closed?

    1. Source? I don’t know where to look.

      Let me check the DOW futures…. DOW futures down 212, S&P down 16. They’ve been pricing in a Biden win, because of the polls, you see.

        1. They are counting on another multitrillion $ “stimulus plan”, and they expect to vacuum up a big chunk of that cash.

        2. It’s not as if they wanted a Biden win. They simply saw that the polls predicted a Biden win and arranged their trades accordingly. DOW futures down 239, which is not much. Looks like Wall Street was hedged out the wazoo such that neither result would move the needle that much.

          This is still looking like 2016, only with weird delays because of the mail-in voting. NYT is very fast to call Biden states but slow to call Trump battleground states. Ohio Ohio Ohio. (?) CNN still shows Virginia blank.

          PA is a black hole, but I heard that there were 173,000 new registered R voters in PA. I don’t see how Biden would overcome that. Sure, Biden is getting women, but Clinton got all the women too. Biden needs NEW voters, not old Clinton voters.

  23. Trump only down 74,000 in Ohio now, closing a gap that was over 300,000. He’s now ahead in Texas and closing in PA and NC, too. This thing looks like it could be over in a couple hours.

    1. He’s up almost 100k in Texas now, running away. He’s only down 13k in Ohio, and making up ground everywhere. This thing looks over. The fake news media got all the libtards excited and then DJT and all of us just defecated all over their parade. LMAO. Crude, yes, but that’s what they deserve. Fook ’em.

      1. Late ballots are allowed in NC and PA. Could it be possible that Trump wins NC by more than the outstanding votes, and he doesn’t even need PA? I think Nevada was another one.

    2. The battleground states are all going to report late because of the mail-in votes. Biden leading by 100K in Iowa, but it looks like another city/rural reporting issue. This election is just impossible to predict.

  24. For a laugh, and to see everything wrong with libtards and their polls, check out “Nate Silver.” This jackwad said Trump only had a 10% chance of winning just yesterday.

      1. NBC on the TV. They are “uneasy” about North Carolina, looking for ways for Biden to pull ahead in Arizona. They think that the Hispanic surge for Trump is only the Cubans in Florida; and Trump shouldn’t expect the same in AZ. They think Western PA will go to Biden (HUH?) They admit that Ohio just turned pink. The Republic strategist said that Democrats “shot their wad” with the early voting. Yup, he got away with saying that. The polls are Humpty-Dumpty, broken and never put back together.

    1. PA is saving their “wad” of mail-in ballots for after 11 pm. They said something like 400,000 mail-in ballots were sent out. Trump is ahead by 450,000 now.

  25. CNN sounds worried. I’m bipping between Fox News, MSNBC and CNN on TV and Bannon’s WarRoom online.

    1. CNN sounds worried.

      Good. I can’t wait to hear these snowflake tears again. What’s next, another sham impeachment?

    2. NYT webpage is favoring Biden. They say Biden is ahead by 205-112, (called the West Coast immediately) but they haven’t called TX, FL, GA, or NC yet. It should really be 205-210. Virginia has fallen into a black hole.

      How much you want to bet that they’re favoring Biden to calm any riots?

    3. MSNBC sounds worried too. At this point, the numbers in the counties in the states sound like “wah . . . wah wah . . . wah wah . . . wah wah” to me.

  26. I’m on ABC, just to watch “shorty”, Stephanopoulos squirm.
    Also waiting to hear when Brucie S, is leaving for Australia.

  27. In Colorado, former governor John Hicklooper (D) beat incumbent Senator Corey Gardner, a corporate stooge and Establishment GOP toady. Not really a dime’s worth of difference between the two, as both were bought and paid for by the globalists.

    1. Gardner was lame, but Hickenlooper is a bonafide crook. We definitely traded down. The Centennial state’s days are numbered, I won’t be retiring here.

      1. I hope the rural Colorado counties will rekindle their efforts to break away and form a new conservative state that isn’t under the corrupt, incompetent malgovernance of the Bolsheviks in Denver and their Free Sh*t Army bloc voters.

  28. Polesters and MSM integrity has sunk to that of the lowly Realtor class.

    God Bless President Donald J. Trump and God Bless America!

  29. Colorado is a lost cause.

    But I don’t need to wet the bed over it because it’s too easy to make money here. Until it isn’t, and when that happens I can take my money with me and leave.

    1. ‘Trump Wins Florida, Widening Path to Reelection’

      November 3, 2020

      ‘President Donald Trump won the state of Florida in the early hours of vote counting on Election Day, broadening his path to victory as key battleground states were still tallying ballots. As of 8:21 p.m. New York time on Nov. 3, multiple media outlets called victories for Trump in West Virginia, Kentucky, Indiana, Tennessee, Missouri, Alabama, and Oklahoma, all states he was widely expected to win.’

      https://www.theepochtimes.com/trump-wins-florida-widening-path-to-reelection_3564236.html?utm_source=news&utm_medium=email&utm_campaign=breaking-2020-11-03-5

    2. Not yet not yet!! I wouldn’t call it a landslide either.

      Whatever happens, we’re definitely going to have a cold war between country mouse and city mouse.

      1. Whatever happens, we’re definitely going to have a cold war between country mouse and city mouse.

        At this point I think everybody is pretty used to that, and city mouse is dealing with all the crazies and the associated collateral damage. So I don’t expect to see a lot of country mouse stress over that other than continuing to maintain stocks of ammo just in case anything stupid spills out of the city.

    3. The libtard, globalist-owned media is doing everything they can to make it look like Biden is competing and may even win. They have him up 205 – 112. Then you look at the real numbers. DJT is leading the popular vote by more than 12 million, and leading in almost all states that have not yet been called.

          1. So on the states to watch, NYT says Trumps lead is 1.3%. It’s 5.9%. They do say 85% Trump advantage. Still count VA for Biden. Shenanigans!

      1. Virginia: WTOP (radio station) headline reports Biden wins in VA. Click on the story, and it shows Trump up by 80,356 votes. 96% reporting. 4% outstanding means translates to about 114,000 votes. If all those votes are Northern VA, Biden will win it, but not by much. Much less than the 5% Clinton won by. If that’s what VA is doing, PA and OH can’t be that far off.

        Local news is reporting that there are some peaceful protests on Black Lives Matter Plaza. (actual peaceful) However, there is another crowd dressed all in black with gas masks assembling on K Street and moving downtown. The first group seems to be spontaneous milling around. The second group appears to mean business.

        1. Heh, WTOP just removed that headline which had stated Biden had won Virginia. Still Blue at NYT (come on, man). Still blank on CNN.

      2. That should have said 2 million, not 12 million, but my point stands – the media is doing the same thing they did last time around, playing games to try to hide the fact that DJT just won the election. It’s OVER!

  30. What’s up with AZ? Biden has a comfortable lead there. Though at this point it looks like Trump will win, though it won’t be the Trumpslide some were hoping for.

    1. PA is still a tossup. NYT says that Erie County as 21,000 mail-in votes to count after 11 pm. Expect Biden to gain. I still don’t know about Ohio. Trump pulling ahead in Texas. Upper Rust Belt still being counted. The NYT “Forecast Meter” broke. NC and Georgia broke it.

      Looks like we’ll have some state swaps. Trump might lose AZ. CNN still hasn’t called VA.

        1. It depends on which votes are being reported. Some states are reporting the cities first, some states are counting in-person votes before the mail-in votes. Leads can be lost. I expect Biden’s lead in Iowa to disappear pretty soon.

    2. What’s up with AZ?

      It’s the same story with every state – Dems take a commanding lead the second the polls close due to “early voting,” then DJT comes storming back and blows them away in the end.

      1. At 75% reporting it’s still 53.6% for Biden. I’m still scratching my head about that one.

        It could still go the other way, though.

        1. It was “75% reporting” the moment the polls closed. Look at the disclaimer on Arizona: “the first votes reported…mail ballots likely to be relatively stronger for Democrats.”

    1. These are the defining issues of the election in Colorado. I’ve stopped going into downtown Denver at all. It’s nothing but crime and homeless camps. And I don’t give any sales tax pennies (dimes make dollars) to these grifting blooodsuckers.

      1. I’ve stopped going into downtown Denver at all.

        Same here. I had to go down to Dumver over the weekend. I stayed as far away as possible from the downtown.

    2. The globalist Channel 9 news that hired this unregistered “security guard” and avowed BLM supporter with a history of harassing Trump supporters, and the Pinkerton security agency that hired out this Bozo as a sub-contractor, are facing massive lawsuits from the executed patriot’s family.

    1. Looks like some suckers actually bought into the propaganda and lies from the fake news media and their oligarch owners.

  31. 2020 US election results

    Updated at 8:38 PM PST

    Arizona
    11 electoral votes · 73% reporting
    53.6%1,290,521
    45.2%1,088,052
    Florida
    29 electoral votes · 98% reporting
    47.8%5,255,587
    51.3%5,636,117
    Georgia
    16 electoral votes · 71% reporting
    45%1,592,108
    53.8%1,902,774
    Iowa
    6 electoral votes · 78% reporting
    47.9%617,471
    50.4%649,098
    Michigan
    16 electoral votes · 49% reporting
    43.3%1,134,621
    54.7%1,434,223
    New Hampshire
    4 electoral votes · 60% reporting
    53.6%250,856
    44.8%209,524
    North Carolina
    15 electoral votes · 94% reporting
    48.7%2,655,149
    50.1%2,730,890
    Ohio
    18 electoral votes · 94% reporting
    45.2%2,514,757
    53.3%2,965,680
    Pennsylvania
    20 electoral votes · 51% reporting
    41.8%1,461,066
    55.7%1,947,800
    Texas
    38 electoral votes · 77% reporting
    46.8%4,742,537
    51.9%5,260,400
    Wisconsin
    10 electoral votes · 67% reporting
    46.8%1,003,685
    51.7%1,109,980
    50.1%2,730,890
    Ohio
    18 electoral votes · 94% reporting
    45.2%2,512,154
    53.3%2,962,698
    Pennsylvania
    20 electoral votes · 51% reporting
    41.6%1,440,775
    56%1,939,588
    Texas
    38 electoral votes · 77% reporting
    46.8%4,742,537
    51.9%5,260,400
    Wisconsin
    10 electoral votes · 67% reporting
    46.8%1,001,985
    51.7%1,107,279

    DONG!

    1. Dong?

      Bugs: “eh, could bee knot … ” 🥕 munch, munch, munch

      (WI, MI, PA) … have a lot of rabbit.holes.

        1. “Trump Defeats Biden” … banner headline on the front page of the Chicago Daily Tribune” 😱

          1. Bloomberg
            Trump Defeats Biden in Battleground Iowa
            President Donald Trump defeated Democrat Joe Biden in Iowa, the Associated Press projected.

          2. Donald Trump defeats Joe Biden in South Carolina
            President Trump on Tuesday defeated Democrat Joe Biden in South Carolina — dashing the most ambitious Democratic hopes for a Biden …

          3. AP: Trump defeats Biden in Alabama, gains 9 electoral
            votes
            Republicans extended their White House winning streak in Alabama as President Donald Trump carried the state against Democrat Joe Biden …
            4 hours ago

          4. Mason City Globe Gazette
            Trump defeats Biden to repeat in Iowa
            Republican Donald Trump won Iowa for a second time, beating Democrat Joe Biden here, according to state results as of late Tuesday evening …
            28 mins ago

          5. AP: President Donald Trump defeats Joe Biden in
            Tennessee
            NASHVILLE, Tenn. — President Donald Trump is projected to defeat former Vice President Joe Biden in Tennessee, according to the …

          1. I’m clicking around the map at 270towin, where you can turn states red or blue and calculate the vote.

            If Biden wins Georgia, then Trump would have to run the table in WI, MI, and PA. I don’t think he has enough lead to win WI.

  32. It looks like that terrorist from Minnesota, Mullah Omar, was re-elected. That’s another state I’ll never step foot in.

    1. R.i.p.
      She won, you lost. Accept it.

      (rip
      November 3, 2020 at 10:16 pm
      You lost. Accept it.)

      Sad.

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