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Frothy Predictions Could Be Glossing Over Pending Financial Stress

A press release from Redfin. “The U.S. housing market has been on fire this year. But the condo market has missed out on much of the gains. ‘Before the pandemic, it was challenging to find a condo in Seattle for less than $500,000, but now there are plenty selling for under $400,000,’ said local Redfin real estate agent Forrest Moody.”

“In San Antonio, there’s been a resurgence of high-end condos in the downtown area, according to local Redfin real estate agent Jim Seifert. ‘Young people who work in tech and healthcare are moving here from Seattle, California, Washington, D.C. and Maryland because San Antonio is so much more affordable, and they have a bigger appreciation for downtown living than the average person from Texas.’ Seifert continued: ‘San Antonio’s condo market is also likely being fueled by the fact that buyers know they can get in. There’s a shortage of single-family homes for sale, but the supply of condos is growing like wildfire, so some folks are opting for condos because they don’t want to deal with a bidding war.'”

From Mile High CRE. “Reports from around the country indicate the sale of multi-family units have plummeted in densely populated areas on the coastlines of America. As reported by New York City Comptroller, Scott M. Striner in his weekly economic forecast released on September 28, 2020, residential real estate transactions declined by 40 percent in July and 57 percent in August in New York City, year over year. The west coast has not fared much better. According to local real estate brokerage Compass, the San Francisco Bay area has been hardest hit by the pandemic as it relates to the housing market and condo sales have taken the brunt of the impact.”

“‘The number of price reductions—again heavily concentrated in the condo market—has jumped to its highest point in many years,’ Compass said in its report. ‘In certain segments, sellers are now competing for buyers, instead of buyers competing for listings.'”

“Denver area Realtor Amra Besirevic said, ‘The convenience of being close to entertainment and restaurants is the reason her current buyers are looking at downtown Denver, not to mention the ability to choose from a number of newly built units.'”

From the Boston Globe in Massachusetts. “It’s been a while since renters have had the upper hand in Boston. But in a market that’s largely tied to the academic calendar, a drop-off in college students — thousands of whom didn’t return to campus this fall due to the pandemic — has led to staggering vacancy rates across the city. ‘There’s hundreds and hundreds of vacancies,’ said Stephen Visco, team leader at RTN Realty Advisors in Brookline. ‘It’s the worst I’ve ever seen, and I’ve been doing this for 18 years.'”

“Nearly 7.2 percent of apartments in Boston were sitting vacant on Nov. 22, according to Boston Pads, a real estate technology platform that tracks local sales and rental data. That’s more than a five-fold increase over a year ago, when the vacancy rate sat at 1.32 percent. Landlords have been making concessions to fill those unrented units, covering the much-hated broker’s fee and slashing rents. ‘They’ve decreased their rents by like 20 percent from what they were a year ago,’ Visco said. ‘I mean, they’re just scrambling to get these places rented.'”

“For example, in Brighton’s Oak Square neighborhood, Visco said, ‘You can get a three-bedroom right now for $2,000 to $2,100 a month versus, back in the day, looking at $2,500 to $2,600.’ That’s for an average unit in an older home, Visco noted. New construction and luxury buildings aren’t necessarily dropping rents, he added, but are instead offering two or three months of free rent with no broker’s fee.”

“Visco said landlords across the board are feeling the impact of a soft rental market, from big management companies to ‘mom and pop’ owners. ‘Even in Newton, Watertown, Brighton, there’s still a ton of vacancies,’ he said, though buildings closer to downtown and near colleges have been hit the hardest. From Commonwealth Avenue to Harvard Square to the Fenway, apartments that ordinarily get filled up by incoming students still have hundreds of vacancies.”

The Real Deal on New York. “HFZ Capital Group has laid off a number of employees as the developer’s financial and legal troubles mount. Two sources familiar with the matter said the layoffs and furloughs mainly affected people working in the construction side of the business and also those at the company’s main office at 600 Madison Avenue.”

“The developer has been under pressure as it deals with a slew of lawsuits from lenders and subcontractors over delinquent loans and unpaid bills tied to several of the firm’s Manhattan condos. The first signs of HFZ’s financial troubles emerged in September, when the mezzanine lender on four of the developer’s Manhattan condo projects, CIM Group, hired a brokerage to market the positions for a UCC foreclosure auction.”

“In October, Starwood Property Trust sued HFZ for allegedly defaulting on loan payments at a co-op conversion at 344 West 72nd Street. Then, this month, the lender on HFZ’s planned Upper East Side condo project alleged that HFZ owed more than $18 million in defaulted debt. The loans had been personally guaranteed by Ziel Feldman and his number two, Nir Meir, the lawsuit said.”

“HFZ was granted some relief this month when it went to court to stop CIM from going ahead with the UCC foreclosure auction, and a judge granted a temporary hold. HFZ had argued the auction — for loans tied to condos at 88 and 90 Lexington Avenue, The Astor at 235 West 75th Street, and Fifty Third and Eighth at 301 West 53rd Street — was ‘commercially unreasonable’ and a ‘predatory attempt to capitalize on the Covid-19 pandemic,’ which would allow CIM to take over the properties. The next court hearing is scheduled for Nov. 30.”

From Bisnow on Texas. “Nine months after the coronavirus shutdown in Dallas-Fort Worth, many market analysts still envision a rosy future where companies and residents running away from high-tax states keep North Texas commercial real estate healthy or even frothy. But those predictions, while true in some individual realities, could be glossing over pending financial stress in the commercial and residential real estate markets, experts say.”

“‘The data points that we have, which are a few very large international investors, [show] they have confidence in the long-term stability of U.S. commercial real estate,’ Walker & Dunlop Investment Partners President Sam Isaacson told Bisnow. ‘But they do believe in the short term there is going to be more pain in the broader economy, which is going to impact U.S. commercial real estate.'”

“Another pressure point for DFW markets is softness in the once-booming office market. There has been just shy of 5M SF of negative net absorption in DFW office space year-to-date, CoStar found. It’s the first time since 2009 that the market is going to finish at negative net absorption levels, CoStar Group Director of Market Analytics Paul Hendershot said. Unemployment also remains a drain on the real estate economy, with the Bureau of Labor Statistics reporting that 488,800 people across three DFW employment markets were unemployed in October, up from 252,000 a year prior.”

“There has been a surge in the number of DFW and Texas home loans backed by the federal government entering into some stage of delinquency in August and September, the Dallas Morning News reported. More than 19% of Federal Housing Administration-backed home loans in DFW were behind in payments in August, the seventh-highest delinquency rate in the U.S. Across all types of home mortgages, 8% of DFW homeowners had missed at least one payment by then, the DMN said.”

“‘I think what a lot of real estate investors are maybe looking at is what happens next year if there isn’t the additional stimulus or it’s not as meaningful,’ Isaacson said. ‘The longer they are keeping interest rates low, we are continuing to inflate asset values. And, it just makes the reset potentially worse, or you end up with a decade of no appreciation or even longer with no appreciation once investors start to realize there is a complete disconnect between the asset value and the [net operating income] that these assets are delivering. That is the one thing we have to be very cautious about is what is the new NOI going forward.'”

From NBC Bay Area in California. “After five years of searching, Avinash Jha and Ami Shah say they finally found their dream home in Fremont, Calif. Already locked in a rental lease, they couldn’t move in with their two children right away, so they decided to rent it out for one year to a family they met online. ‘They’re a family like us; they’re trying to build a life here. We thought, ‘Oh it’s great. They’ll take care of our home,’ said Shah.”

“The couple and their new tenants signed a rental agreement in August 2019, which strictly prohibited subleasing. Little did they know, their tenants would disregard the agreement and turn their dream home into a hotel, Jha and Shah said. In June 2020, neighbors alerted them to multiple Airbnb listings advertising individual rooms inside house. ‘I read through the reviews that even during the pandemic about 200 guests had stayed there!’ said Jha. ‘I was furious. All they wanted to do was make money off our house,’ said his wife.”

“After learning their tenants violated the rental agreement by subletting the home, the Jha’s served them a 30-day notice to vacate on September 24, 2020. After weeks of back-and-forth, the couple learned their situation was about to get much more complicated. The Jha family said when the tenants tried to get the Airbnb guests to leave, the guests refused, saying they were now legally tenants because they’d lived there for more than 30 days. They also cited Alameda County’s moratorium on evictions, said the Jha’s.”

“NBC Bay Area reached out to both the original tenants and three of the Airbnb guests. The tenants didn’t want to speak with us and the Airbnb guests did not agree to an interview. Their original tenants have since abandoned the situation, according to the Jha’s, leaving them stuck in a housing dispute with Airbnb guests who they don’t know. ‘Legally, the [Airbnb guests] very well might be right. Legally, there’s nothing the landlords can do about this,’ said Alan Horowitz, a landlord attorney who is not representing the Jha’s or associated with the case.”

“Horowitz said this Fremont case is not isolated and said these kinds of situations are happening all over the Bay Area. And because of Alameda County’s eviction moratorium, Horowitz said they can’t resolve the situation in court. ‘I don’t know how many calls [I get] each week where I have to tell people that I am completely helpless to do anything for you right now.'”

“The Jha’s said they have reached out to the Board of Supervisors and haven’t received meaningful help. Until the end of the year, and likely longer, they said they’re forced to absorb the losses – losses that have taken more than a financial toll. ‘[I’m] just emotional that this has turned out to be such a nightmare,’ said Ami Shah.”

The Wall Street Journal. “Nick Price, a retired former top-ranked golfer, is trying once again to sell his estate on Florida’s Jupiter Island, this time for $17 million. He previously listed it for close to $22 million in 2016 and took it off the market early last year, according to Zillow. Before the virus, the Jupiter market was sputtering and price cuts were plentiful. Now sales are increasing as buyers from the Northeast, now able to work from home, head south.”

“Tracy Ward of the Eklund|Gomes Team at Douglas Elliman, one of the agents representing Mr. Price this time around, declined to comment on his reasons for selling but said he is motivated. ‘I think he wants to sell. That’s clear with the new price point, we’re pricing it to move,’ she said.”

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This Post Has 170 Comments

  1. The Mechanics Behind the Electronic Vote Steal Operation

    https://www.bitchute.com/video/OJrljwQFcIvc/

    https://twitter.com/tom2badcat/status/1325126091460268032

    https://archive.vn/KPwUa

    Michigan @ 45:20. And on. 5 out of 5 states.

    Another poster added:

    ‘At 31:30 in the video, he explains how Trump was comfortably ahead in all the 5 key battleground states, and suddenly all 5, AT THE SAME TIME, quit counting and went offline for 3 hours.’

    ‘Then when they came back, suddenly there were massive numbers of found votes and were all for one candidate and one candidate only (Biden). Statistically impossible.’

    Lots of info and links here:

    https://everylegalvote.com/country

    https://hereistheevidence.com/

    https://censoredbyjack.com/channel/evidence-of-widespread-election-fraud

    https://www.deepcapture.com/2020/11/election-2020-was-rigged-the-evidence/

    From the last link:

    Example

    Example

    Example

    Example

    1. ‘”We began to look and realized how easy it is to change votes.”

      ‘Election security expert @RussRamsland
      has performed many investigations on US election machines.’

      ‘The most *shocking* thing about this interview is it took place just days BEFORE the election. Watch’

      https://twitter.com/kylenabecker/status/1327511568993701888

      I believe this is the gentleman in the top video.

      ‘The claims of unexplained anomalies by Wayne County, Michigan, election board canvassers are validated by one renowned election fraud experts who states, definitively, that Michigan’s election results – across the state and not just in Wayne County – are a “physical impossibility.”

      ‘The examination of the Michigan voter data was performed by Russell Ramsland, the co-owner of Allied Security Operations Group (ASOG). His company specializes in detecting election fraud, cybersecurity, open source intelligence and global security services. Ramsland served in the Reagan administration and has worked for both NASA and MIT.’

      ‘In the affidavit concerning the election in Michigan, Ramsland determined – without question – that vote fraud and ballot tampering took place in the 2020 General Election in Michigan determining the results as they are currently known to be a “physical impossibility.”

      ‘In addressing the Dominion Voting System, Ramsland was critical of its security over-all citing “vulnerabilities to hacking and tampering, both at the front end where Americans cast their votes, and at the back end where the votes are stored, tabulated, and reported.”

      ‘Ramsland noted that the vulnerabilities described are well-known by experts in the voting securing field and that these vulnerabilities have been extensively written about. “My colleagues and I… have studied… the November 3, 2020, election results. Based on the significant anomalies and red flags that we have observed, we believe there is a significant probability that election results have been manipulated…” Ramsland wrote.’

      ‘His colleague, Dr. Andrew Appel, a professor of computer science at Princeton University and an election security expert, said, “I figured out how to make a slightly different computer program that just before the polls were closed it switches some votes around from one candidate to another. I wrote that computer program into a memory chip and now to hack a voting machine you need just 7 minutes alone with it and a screw driver.”

      https://nationalfile.com/election-fraud-expert-michigans-election-results-are-physical-impossibility/

      1. Smartmatic CEO apologizing in the 2017 Venezuela Election for 1 million vote switch

        https://www.bitchute.com/video/e2Fxswdf1SsG/

        ‘In an interview with the Fox Business Channel, Giuliani, in his capacity as lawyer of reelectionist US President Donald Trump, claimed that the Smartmatic vote-counting machines were “hackable.”

        ‘He said Dominion, the company that provided the automated vote-counting system used during the most recent presidential election, was owned by Smartmatic through an intermediary company referred to as Indra.’

        ‘He claimed that the Smartmatic vote-counting machine was basically developed and designed to commit fraud in the process of vote-counting, particularly for the Venezuelan dictator Hugo Chavez.’

        ‘He claimed that Smartmatic had been behind the electoral frauds in many countries, without actually mentioning the Philippines, which has been using its system for over a decade.’

        ‘Giuliani also hinted about the origins of the Dominion- Voting System and the company’s alleged connection with Smartmatic, one of the most questioned automated voting companies, primarily because of the affiliation of the people behind the company to Chávez.’

        ‘He accused Smartmatic of manipulating the recent US presidential election in key US states, adding that its Dominion Voting System was using machines designed to allow human intervention.’

        ‘He said Smartmatic was founded by three Venezuelans who were very close to the dictator Hugo Chávez back in 2003, adding that the company was formed to fix elections. “That’s the company that owns Dominion. Dominion is a Canadian company, but all its software is from Smartmatic,” Giuliani was quoted during the interview.’

        https://manilastandard.net/news/national/339587/smartmatic-poll-machines-come-into-question.html

        ‘Charlie is joined by Lt. General Thomas McInerney to detail the shocking allegations surrounding Hammer and Scorecard, weaponized digital tools that allegedly allow our intelligence agencies to alter election results, including those in the United States. Are these tools actually real? Were they deployed in this most recent election? Can we know who is behind these treasonous acts if they did in fact occur?’

        ‘In what might be one of the most important interviews ever conducted on the show, Gen. McInerney lays out an election fraud scheme in extensive detail on a scale never before experienced in America or the world.’

        https://www.youtube.com/watch?v=Ti3gNXz2F8w

        1. 3 Million Dead Voted, 7 Million Votes Stolen From DJT. Sidney Powell With Howie Carr

          Nov 20, 2020

          https://www.youtube.com/watch?v=F5vndAmMqAM&feature=youtu.be

          I saw this:

          https://www.theguardian.com/us-news/2020/nov/23/trump-campaign-cuts-ties-with-attorney-sidney-powell-after-bizarre-election-claims

          I also posted this:

          “Dominion-izing the Vote”

          https://www.bitchute.com/video/qlEUbPLvW98w/

          So when senator running dear and 4 other senators/lawmakers said Dominion was a election fraud disaster, was that bizarre?

          “Dominion-izing the Vote”

          This video is about 30 minutes and has two long commercials (kinda) that you can skip. But it starts to drill down into substance. They have a computer guy who knows his stuff: says the ability to manipulate votes was a “feature, not a bug.” They also explore the Dominion “security” expert who was a rabid antifa nut, boasted of “making sure” the President wasn’t going to be re-elected, and had several unhinge TDS social media posts that were saved.

          1. ‘The term “Occam’s Razor” comes from a misspelling of the name William of Ockham…. The idea is always to cut out extra unnecessary bits, hence the name “razor.”

            I was listening to the Patrick Byrne interviews. He made a couple of points. If you counted 100 votes it would be highly unlikely Dpedo would get 100%. Count 1,000, even more unlikely. Up from any point it increases the statistical improbability many fold. So this idea that a batch of 125,000 votes came in for Dpedo without any for the President is simply ludicrous. Add in the fact this happened in multiple swing states, in the wee hours of the morning, and it’s beyond fantasy.

            We really don’t need to go past that. What these a$$hats are claiming happened is just not possible.

        2. It’s amazing that a third world country like Venezuela that has a cratered economy with people starving in the streets can apparently produce best of breed voting software. Talk about an unlikely success story! And kudos to the geniuses in this country for choosing such an unlikely candidate for out election. As they say in the hood, game recognize game.

          Also, anyone notice the dominion software logo? It’s a red ballot going in and a blue ballot coming out. I kid you not.

          2. It’s amazing that a third world country like Venezuela that has a cratered economy with people starving in the streets can apparently produce best of breed voting software.

            Hahah. Makes perfect sense to me.

            As they say in the hood, game recognize game.

            Exactly.

            Also, anyone notice the dominion software logo? It’s a red ballot going in and a blue ballot coming out. I kid you not.

            Yup.

          3. It’s amazing that a third world country like Venezuela that has a cratered economy with people starving in the streets can apparently produce best of breed voting software. Talk about an unlikely success story!

            Dumbest comment I’ve read on HBB.

          5. sarcastic

            He couldn’t distinguish a fake from real logo. Inverting cause and effect seems more likely to me.

          6. Venezuela has a secret Silicon Valley that MSM will not discuss. Apparently funded back in the day by Roger Epstein. Look at Maxwell’s flight records, Miami to Caracas from 10 years ago.

          7. Wikipedia website has a version of the logo that looks pretty close; who knows how many times its been scrubbed and whether the view history link captures every change. Maybe too much downs syndrome blood prevents people from understanding logic, sarcasm and reality?

      1. I like the photo of Biden, which reminds me of OJ Simpson when the verdict was read, “unabashedly surprised.”

  2. ‘New construction and luxury buildings aren’t necessarily dropping rents, he added, but are instead offering two or three months of free rent with no broker’s fee’

    That is cutting rents Steve, a lot.

    1. “That is cutting rents Steve, a lot.”

      Psst…gotta keep the CRE prospectus’ math intact until the public pension funds invest in those MBS bonds.

  4. ‘we are continuing to inflate asset values. And, it just makes the reset potentially worse, or you end up with a decade of no appreciation or even longer with no appreciation once investors start to realize there is a complete disconnect between the asset value and the [net operating income] that these assets are delivering’

    Oh that!

    ‘Bureau of Labor Statistics reporting that 488,800 people across three DFW employment markets were unemployed in October, up from 252,000 a year prior’

    But Toyota?

    ‘There has been a surge in the number of DFW and Texas home loans backed by the federal government entering into some stage of delinquency in August and September, the Dallas Morning News reported. More than 19% of Federal Housing Administration-backed home loans in DFW were behind in payments in August, the seventh-highest delinquency rate in the U.S. Across all types of home mortgages, 8% of DFW homeowners had missed at least one payment by then’

    Pending stress? It’s already here. Hear ye hear ye, observe yer subprime risk layering in action.

    1. ‘Bureau of Labor Statistics reporting that 488,800 people across three DFW employment markets were unemployed in October, up from 252,000 a year prior’

      But Toyota?

      The disconnect between the real economy and the sham asset price bubbles is absolutely stunning.

    2. Most of the full time higher paid Toyota, JP Morgan Chase, Liberty Insurance positions were transferees from other US locations.

      Locals built the sites, and provide support functionality for companies. Most of TMNA (Toyota Mtrs NA) and Chase employees are successfully working from home (including many living in their vacation homes) … so dont know what is happening to employees and support staff that were hired directly in the DFW area.

  5. ‘Young people who work in tech and healthcare are moving here from Seattle, California, Washington, D.C. and Maryland because San Antonio is so much more affordable, and they have a bigger appreciation for downtown living than the average person from Texas’

    I spent an evening in DT San Antonio once. It’s a sh$thole.

    ‘the San Francisco Bay area has been hardest hit by the pandemic as it relates to the housing market and condo sales have taken the brunt of the impact. ‘The number of price reductions—again heavily concentrated in the condo market—has jumped to its highest point in many years’

    Wa? But UHS says red-hotcakes everywhere? I think it’s fair to say the condo market is leading this thing down. I have an article saved showing SF follows not far behind. I’ll try to get it into an international post tomorrow.

    1. I stayed on the Riverwalk in summer, during a music festival. I absolutely loved it. For me, that has to be the best place in Texas, and if someone put a gun to my head and told me I had to live in the Lone Star State, that’s where I’d go.

      1. If you lived down there it wouldn’t be long before somebody put a gun to yer head gringo. I lived about an hours drive north of there for a few years. It’s probably 2 hours drive now. I’d watch SA news sometimes. If some kid swam in that artificially green water, they’d die. Happened a few times every summer.

        1. If you lived down there it wouldn’t be long before somebody put a gun to yer head gringo.

          Hahaha! I seriously laughed out loud at that. It’s not funny but it caught me by surprise. It’s sad, actually. The crime in this country is out of control, and now we’re actually seeing police departments defunded. I saw an article yesterday where they cut almost 20% to the Seattle PD.

        2. “If you lived down there it wouldn’t be long before somebody put a gun to yer head gringo.”

          What would you say about Brooklyn? I’ve been here 34 years, and no one has put a gun to my head yet.

          1. I will because it happened.

            One of my guys got his hand blown off in 2014 by a drug addled maggot because my guy “woke him up” at 1030am in the morning for running a demo hammer and compressor in East NY. Right where the Jackie Robinson parkway ends.

            You seem not to be very honest about the conditions in NYC.

            Why is that?

    2. I spent an evening in DT San Antonio once. It’s a sh$thole.

      The only place I’ve ever hadsomeone try to sell me drugs was in DT San Antonio, by a young Hispanic.

      The Riverwalk is a tourist trap. Stray one block away and you’re in a different world.

    3. I spent an evening in DT San Antonio once. It’s a sh$thole.

      It’s the grimiest, nastiest downtown I’ve ever been in, full of low-lifes as soon as you step outside of the Riverwalk. People who honestly look like they just crawled up from the gutter. Even during the day it’s depressing, but after dark—forget about it.

  7. There’s a shortage of single-family homes for sale, but the supply of condos is growing like wildfire, so some folks are opting for condos because they don’t want to deal with a bidding war.’”

    Maybe the ‘tards that are “opting for condos” should be asking themselves why the supply is “growing like wildfire.” Remind me again of what happens when there’s a glut of anything.

    2. A lot of this behavior driven by ‘buy now or be priced out forever’ like they MUST buy something NOW. It’s demand creation.

  9. The title for the bay aryan article:

    Homeowners Find Tenants Gone and Airbnb Strangers Living Free, They Say

    ‘I was furious. All they wanted to do was make money off our house’

    That’s the California way isn’t it? Borrow for shack, lay back and watch that sweet equity roll in. Too bad you live in a socialist sh$thole.

    1. “Nearly 7.2 percent of apartments in Boston were sitting vacant on Nov. 22, according to Boston Pads, a real estate technology platform that tracks local sales and rental data. That’s more than a five-fold increase over a year ago, when the vacancy rate sat at 1.32 percent.

      Is that a lot?

      2. if its any consolation. …

        A lot of the rehabs and new medium sized condo buildings in Boston and Cambridge were from companies owned by old Boston monied families. So hopefully they are on the hook for properties that dont sell or rent.

        1. Succinct, but I can elaborate.

          Airbnb has destroyed the availability of affordable housing stock in every one of Colorado’s resort towns. It is the truest illustration of the K-shaped economy (not the K-shaped recovery, the K-shaped economy, it’s been like that for years) of any town or county that relies on seasonal tourist dollars.

          I’ve been in that traffic jam on 82 driving southeast into Aspen on a weekday with all the other primos who got priced out of the Roaring Valley and now carpool commute 50+ miles each way to work there.

          San Francisco can’t stop wanting to turn everywhere else into San Francisco, all Lords and serfs, with nothing in between.

          1. San Francisco can’t stop wanting to turn everywhere else into San Francisco, all Lords and serfs, with nothing in between.

            The Democrat’s blueprint for America

          2. same problem with AirBnB in Tahoe. My brother lives, or tries to live there working at the ski resorts but over the last 5-7 years he said everything has gone AirBnB. Truckee is actually paying landlords $3000 to NOT put their homes on AirBnB and instead rent to a local.

            If the labor pool, inexpensive ski bums disappears the ski resorts can shut down and kill the whole town.

          3. This AirBnb sham – why on earth is it allowed? Is there no rule of law anymore? Is no politician in this country doing the right thing? This country is completely fooked.

          4. Is there no rule of law anymore?

            We live under mob rule. And anyone who fights back will be arrested and prosecuted.

          5. San Francisco can’t stop wanting to turn everywhere else into San Francisco, all Lords and serfs

            Hey, those serfs were sitting on valuable locations…it was inevitable…either sell out and go somewhere cheaper with your “winnings” or be pushed out by the tax man or any unfortunate event in your life. Like the low rent version of the ranchers in “Yellowstone”.

    3. “Their original tenants have since abandoned the situation, according to the Jha’s, leaving them stuck in a housing dispute with Airbnb guests who they don’t know.”

      So if the AirBnB can’t produce a receipt indicating paid rent that would make them squatters, IMHO. They have no legal right to be in the house. End of Story.

      1. No. If you become a landlord in CA you are an idiot. Eventually there will be no rentals except maybe section 8 that’s backed by government because government doesn’t have to play by its own rules. Maybe that’s the big plan anyway ?

  11. “HFZ Capital Group has laid off a number of employees as the developer’s financial and legal troubles mount. Two sources familiar with the matter said the layoffs and furloughs mainly affected people working in the construction side of the business and also those at the company’s main office at 600 Madison Avenue.”

    “How did you go bankrupt?”
    Two ways. Gradually, then suddenly.”

    ― Ernest Hemingway, The Sun Also Rises

  12. ‘The longer they are keeping interest rates low, we are continuing to inflate asset values. And, it just makes the reset potentially worse, or you end up with a decade of no appreciation or even longer with no appreciation once investors start to realize there is a complete disconnect between the asset value and the [net operating income] that these assets are delivering.

    Another unheeded warning by the Keynesian fraudsters at the Fed and Treasury.

  13. ‘Before the pandemic, it was challenging to find a condo in Seattle for less than $500,000, but now there are plenty selling for under $400,000’

    So that means what for the people who borrowed last year?

    2. actually it means that moveup buyers will be stuck for the next few years. I suspect this will impact townhouse and smaller 3 br houses over the next period.

      This will potentially impact the non-trendy areas of Seattle – Shoreline, N.Seattle, S.Seattle, Rainer Valley etc.

  14. “Horowitz said this Fremont case is not isolated and said these kinds of situations are happening all over the Bay Area. And because of Alameda County’s eviction moratorium, Horowitz said they can’t resolve the situation in court.

    Perhaps the Jhas should take an active interest in curbing government overreach and restoring the rule of law and property rights to corrupt Democrat-run states and municipalities.

  15. ‘trying once again to sell his estate on Florida’s Jupiter Island, this time for $17 million. He previously listed it for close to $22 million in 2016 and took it off the market early last year, according to Zillow. Before the virus, the Jupiter market was sputtering and price cuts were plentiful’

    They still are plentiful, apparently. I could fill up this blog 3 times over every day if I just posted price slashin’.

    1. I could fill up this blog 3 times over every day if I just posted price slashin’.

      Talk dirty to us, Ben.

      1. I have so much money left after “throwing money away on rent” every month that I don’t know where to throw it.

        1. New archaeological evidence has conclusively proven that the story of how Moses received the Ten Commandments on Mt. Sinai involved some Bronze Age revisionism. The tablets were actually delivered by Amazon, and they said, simply, “Realtors are liars.”

        3. I have so much money left after “throwing money away on rent” every month that I don’t know where to throw it.

          Perhaps you ought to get married, settle down, have some kids and buy a McMansion. Don’t forget the his and hers vehicles. Oh, and be sure to set her up with some credit cards for the online shopping. BAHAHAHAHAHAHAHA!!!!!

          2. Deplorable got himself fixed, so no kids in the future. He’s full-on MGTOW.

            I don’t think he’s full on MGTOW. From what I’ve read, most of those guys are angry incels, some of them 50 year old virgins and what not, with the bitter divorcee who was taken to the cleaners thrown in for good measure. But for the most part it seems mostly like the aforementioned types who not only can’t physically attract a woman, but who would shoot their wad into their pant leg if they somehow managed to get a woman naked. I don’t get that vibe from 401.

  19. We’re all in this together!

    or um uh… You’re all in this together!

    Photos show unmasked Gavin Newsom attending French Laundry dinner

    BY ANDREW SHEELER
    NOVEMBER 18, 2020

    Newsom apologized for attending the dinner during a press conference on Monday.

    “I made a bad mistake,” Newsom said. “The spirit of what I’m preaching all the time was contradictory, and I’ve got to own that, so I’m going to apologize to you

    Newsom wasn’t the only one to catch heat for attending the dinner on Wednesday.

    Politico first reported that two top officials for the California Medical Association, which lobbies on behalf of doctors in the state, also were in attendance at the dinner, including CMA CEO Dustin Corcoran and lobbyist Janus Norman.

    The CMA confirmed their attendance in a statement.

    “Dustin Corcoran and Janus Norman attended a private 50th birthday dinner for their friend Jason Kinney earlier this month. The dinner was held in accordance with state and county guidelines,” a spokesman for CMA said.

    In the photos shared online, no masks are seen, and the diners are in close quarters with no social distancing.

    https://www.sacbee.com/news/politics-government/capitol-alert/article247269194.html

    1. I saw yesterday where one of his Getty buddies just died in a Texas hotel room at age 54. It’s a 99% chance it was an OD as he was a known addict, as is pretty much the entire Getty family. His brother died of a meth OD 5 or so years ago.

    2. There’s no hypocrisy like West Coast hypocrisy.

      Oregon Governor Kate Brown is encouraging people to snitch out their neighbors for hosting gatherings (what happened to defund the police?). Meth and heroin are now legal, and the Antifa army of soy trannies was given the green light to riot for over a hundred days during the alleged pandemic.

      Could you imagine voluntarily paying property taxes or sales taxes to a place like this? I know I never will.

      1. Subjects Vandalize Vehicle Without Provocation:

        “On November 23, 2020, at 7:11 p.m., an officer from Central Precinct responded to a vandalism call by telephone. The victim in the incident told the officer a group of unknown subjects shattered the windshield of their vehicle.

        The victim stated he was dropping someone off downtown when he had to drive through the area of Pioneer Square. There was a candlelight vigil at Pioneer Square attended by about 60 people. An additional 20 people wearing all black with helmets also arrived. The victim said he was driving through the intersection of Southwest 6th Ave and Morrison St when he saw about seven adult males crossing the street. The victim said he had a green light but saw the group, so he slowed and then stopped to let the group pass.

        The victim said once he stopped, a large adult male, wearing all black, began yelling at the victim through the closed window. The victim said the suspect then jumped on top of the car, smashing the windshield.

        The victim said he was shocked by what happened and said the suspect walked off with his friends; laughing and joking. The victim had a seven year-old child in the backseat of the vehicle who was terrified by the incident.

        No arrests have been made.

        https://www.portlandoregon.gov/police/news/read.cfm?id=271361

        1. “The victim said once he stopped, a large adult male, wearing all black, began yelling at the victim through the closed window. The victim said the suspect then jumped on top of the car, smashing the windshield.”

          Now that we have all read this we will all know what to do if we find ourselves in this situation.

          Let’s review.

          “the suspect then jumped on top of the car, smashing the windshield.”

          What do we do?

          1) Stomp on the gas, floor it!

          2) When you hit 50MPH stomp on the brake!

          3) Watch to see how far the suspect flies through the air, what he hits and where he lands.

          (I know Professor Bear is a math expert, perhaps he could take these 0-60 Quarter Mile Times for my truck and approximate how far the suspect would fly off the hood after hitting 50 MPH and then stomping on the brakes.)

          Chevy RST 4dr Crew Cab 5.8 ft. SB (5.3L 8cyl 8A)
          Quarter Mile 0-60 MPH 6.4 sec
          Braking (60 – 0 MPH) 133 ft.

          4) Put it in reverse and floor it again in case any of the suspects
          “friends” are running after you from behind in an effort to extract justice for the now bloody and presumably badly injured suspect who jumped on top of your car, smashing the windshield but flew off your when you did your 50 to 0 brake test.

          5) Drive a safe distance away (at least 2 miles) pull over, call 911 and explain what happened and how you feared for your life.

          “The person who fails to plan, plans to fail.”

          Although it is debated I give credit for this quote to Benjamin Franklin the racist.

          1. What happened to our country that this is now a reasonable conversation about reality?

            We’ve become 1990s Yugoslavia with “no-go” zones.

          5. Experiments are fun!

            Without a physicist, you might have plausible deniability for a negative outcome. 😉

      2. Meth and heroin are now legal, and the Antifa army of soy trannies was given the green light to riot for over a hundred days during the alleged pandemic.

        Jeebus.

      3. “Oregon Governor Kate Brown is encouraging people to snitch out their neighbors for hosting gatherings…”

        …à la Erich Honecker.

  20. – This is a great article that’s absent much of the rah-rah cheer-leading Realtor-speak that’s in most of the MSM. Not sure how it got published! 🙂

    From Bisnow on Texas. “Nine months after the coronavirus shutdown in Dallas-Fort Worth, many market analysts still envision a rosy future where companies and residents running away from high-tax states keep North Texas commercial real estate healthy or even frothy. But those predictions, while true in some individual realities, could be glossing over pending financial stress in the commercial and residential real estate markets, experts say.”

    – Peeps moving to TX and other less blue/more red states are likely looking for SFH vs. MFH. CRE, including MFH is a major dumpster fire with no bottom in sight, IMHO.

    – BTW, peeps w/ blue politics moving to red states is just going to turn them purple, and eventually blue. Maybe I’m wrong, but I don’t think the politically blue peeps understand that it’s their politics that’s killing the blue states, although they certainly don’t like the results, hence moving out. Recall that Venezuelans voted for Hugo Chavez and “21st Century Socialism”, soon to be replaced by even worse Socialism by Nicolas Maduro.

    FRANK SINATRA
    My Way Lyrics

    And now the end is near
    And so I face the final curtain
    My friend I’ll say it clear
    I’ll state my case of which I’m certain

    I’ve lived a life that’s full
    I traveled each and every highway
    And more, much more than this
    I did it my way

    Regrets I’ve had a few
    But then again too few to mention
    I did what I had to do
    And saw it through without exemption

    I planned each charted course
    Each careful step along the byway
    And more, much more than this
    I did it my way

    “‘The data points that we have, which are a few very large international investors, [show] they have confidence in the long-term stability of U.S. commercial real estate,’ Walker & Dunlop Investment Partners President Sam Isaacson told Bisnow. ‘But they do believe in the short term there is going to be more pain in the broader economy, which is going to impact U.S. commercial real estate.’”

    – Again, CRE is toast. Way overbuilt in virtually all MSAs due to magical thinking that sub-5% cap. rates and lux./Class A would somehow “pencil out,” even without a supporting market.

    “Another pressure point for DFW markets is softness in the once-booming office market. There has been just shy of 5M SF of negative net absorption in DFW office space year-to-date, CoStar found. It’s the first time since 2009 that the market is going to finish at negative net absorption levels, CoStar Group Director of Market Analytics Paul Hendershot said. Unemployment also remains a drain on the real estate economy, with the Bureau of Labor Statistics reporting that 488,800 people across three DFW employment markets were unemployed in October, up from 252,000 a year prior.”

    – I don’t know which is worse, office space or apartments and condos. Hotels certainly a bright spot either.

    “There has been a surge in the number of DFW and Texas home loans backed by the federal government entering into some stage of delinquency in August and September, the Dallas Morning News reported. More than 19% of Federal Housing Administration-backed home loans in DFW were behind in payments in August, the seventh-highest delinquency rate in the U.S. Across all types of home mortgages, 8% of DFW homeowners had missed at least one payment by then, the DMN said.”

    – Here we go again, but there’s absolutely no sub-prime problem like in housing bubble 1.0. /s The FHA and the Mel Watt legacy lives on. The normal progression would be delinquency, then foreclosure, but we’re still in the forbearance and deferral stage (aka: can-kicking).

    “‘I think what a lot of real estate investors are maybe looking at is what happens next year if there isn’t the additional stimulus or it’s not as meaningful,’ Isaacson said. ‘The longer they are keeping interest rates low, we are continuing to inflate asset values. And, it just makes the reset potentially worse, or you end up with a decade of no appreciation or even longer with no appreciation once investors start to realize there is a complete disconnect between the asset value and the [net operating income] that these assets are delivering. That is the one thing we have to be very cautious about is what is the new NOI going forward.’”

    – Just like the drug addict, investors are dependent on “stimulus” (i.e. financial heroin) from the Fed (aka “the pusher”). This is now across virtually all asset classes, and is “The Everything Bubble.” There’s no good way for the Fed to engender a good outcome from this. Ultra-low rates and easy $ create asset bubbles, but asset bubbles pop and create financial carnage. They’re damned if they do and damned if they don’t. 1) Raising rates = Crash. 2) Continuing to blow bubbles = Crash. No other outcomes possible that I can see. However, the Fed doesn’t operate in the vacuum. This is the entire U.S. economy we’re talking about, which affects millions of peeps. We’ve seen this most recently in 2000 (dot-com bubble), and 2008-9 (housing bubble 1.0). Is it going to be different this time? In my view, the Fed will continue to inflate until the entire system implodes under its own weight. Unfortunately, the bigger the bubble the bigger the crash, and this is the MOAB.

    1. Bisnow is a CRE site with those people talking to each other. There’s sponsored stuff and some cheer-leading, but it’s generally straight-forward. I find lots in these sorts of websites over the years. Commercial Observer, Real Estate Weekly, etc. I found news that the super lux NYC condo market was evaporating in these types of media 6 months or a year before the suckers got told.

    2. Recall that Venezuelans voted for Hugo Chavez and “21st Century Socialism”

      That’s currently in dispute.

    3. One way out possibly is that the stimulus funds actual work and output for things we actually need – freeways bridges schools prisons – and not malls and condos. That is real gdp as opposed to the last 9 months of free sit on your a** stimulus checks. That also boosts gdp and makes the now very massive deficit less burdensome.

      3. freeways bridges schools prisons…That is real gdp

        Shouldn’t be. What’s productive about bridges to nowhere and empty schools?

      4. stimulus funds actual work uh yea on what planet

        “Far more funding is still needed. Proposition 1 funding for drinking water has been completely tapped.”

        A new UCLA study, “Striving for Equity in Public Investments in Water in California: An Analysis of Proposition 1 Implementation,” which I conducted with help from Green Info Network, found that midway through the implementation of Proposition 1, a $7.1 billion bond measure approved by the voters in 2014, state funding is reaching disadvantaged communities that most need improvements in their water systems.

        There are two keys to this success: Proposition 1 prioritized those communities, and it also provided the resources they need to level the playing field.”

        And yet no new damns have been built I guess 7.1B doesn’t go as far as it used to

  21. So – who are the folks buying. And is it just because of super low mortgage interest rates?

    A coworker (lives in Frisco – NW of downtown Dallas) that is seriously thinking of upgrading his house (even though it is a 4000+ sq ft monster). There are apparently good deals (to him) for a newly built home that has been lowering prices.

    ——-
    Sales of new homes in the US ebbed slightly in October compared with the prior month, but remained significantly above year-ago levels, according to data released Wednesday.

    Sales of new single-family homes were a seasonally adusted rate of 999,000 last month, according to Commerce Department data.

    That was a 0.3 percent drop from the September level, but a 41.5 percent jump from the October 2019 level and above the 977,000 level projected by analysts.

    The report was the latest indicator of the strength of the housing market amid the mixed and uncertain state of the broader US economy as the country contends with a surge in coronavirus cases.

    The housing market has been boosted by low interest rates, a dynamic offset somewhat by limited supply that has supported prices.

    1. “So – who are the folks buying. And is it just because of super low mortgage interest rates?”

      – I’m no expert, but this is what I think: We have a bifurcated society, with wealthy and thriving vs. poor and struggling. The wealth and income inequality has only been exacerbated by the pandemic, due to Fed actions supporting capital vs. labor. Those that have stable jobs can qualify for loans and buy houses. Those that don’t, can’t. Interest rates are at historical lows + buyers focusing on SFH is driving demand and prices higher. Recall that house price is inversely proportional to interest rates, since people are buying the payment and not the house. Lower rates mean that the payment stays relatively the same, but the loan amount (more debt) and house price are driven up. This is “financial engineering” by the Fed. Another term for this is “bubblenomics,” since the Fed is blowing asset bubbles. This type of financial activity has never ended well historically. From Tulipmania to the South Sea Bubble and beyond. And yet, here we are.

      1. RPE, nice analysis.

        I get confused by the wealthy label. Does it include the professional classes? I think they are doing well – and have a good salary/stock – but i dont think that they have a lot of financial assets in general.

        However, they can afford the mortgage on expensive homes.

        1. “…professional classes…”

          The upper middle-class usually have dual college degrees and dual incomes. If one loses a job they can be selective and take time getting the right job. The second high earner can keep things from falling apart, and these dual earners usually have saving too.

          The average middle-class might have one college degree, i.e., a good paying job and maybe a second modest income. If the college degree person loses a job it is a scramble to latch onto another job, typically at lower pay too. Their savings, if any, are modest and quickly depleted. In addition, there’s no safety net programs for this economic strata.

          Lower middle-class do not have college degrees, and the Union jobs they used to perform have been automated or off-shored. Like those beneath them this cohort possesses insufficient critical thinking skills and are vulnerable to conspiracy theory. They probably don’t have a positive future.

          1. “Like those beneath them this cohort possesses insufficient critical thinking skills”

            It has been my experience that this critical thinking deficiency is far more prevalent amongst the dual college degree/so-called upper middle class set. The more time at university, the more critical thinking has been expunged from their skill set.

          2. Having spent a fair amount of time with undergraduates, I can confirm. The better critical thinkers are in the STEM majors, but even then their intelligence might only extend to being able to understand someone else’s critical thinking, not generate any of their own.

            That said, I was in school 25 years ago. Critical thinking might have been beat out of them since then.

      2. I’m no expert, but this is what I think: We have a bifurcated society, with wealthy and thriving vs. poor and struggling”

        Out sourcing didn’t help.

        1. Insourcing didn’t help either. But by far the worst job-killer was the computer. Software killed — and is till killing — the army of clerical staff, mostly working-class wives who didn’t have much education but could at least make a little above minimum wage filing papers and taking shorthand. All gone.

          1. I saw the days of an intelligent and literate lady typing memos and reports while fixing all the spelling and grammatical errors of the stupid engineers and managers. That ended when everyone got a computer on their desk. The thin veneer of literacy was ripped off.

          2. The thin veneer of literacy was ripped off.

            … and was immediately replaced by spellcheck and grammar check. Grammar check drove me nuts when I was writing papers and lab reports. Science writes in passive voice, and Bill Gates flagged every single passive verb, telling me I was “weak.”
            That said, I admit to taking advantage of the spellcheck even when I write posts here on HBB, for some of the longer words.

  23. More hypocrisy from the local coronatarians:

    “Denver Mayor Michael Hancock (D) has repeatedly told people not to travel for Thanksgiving in order to slow the spread of Covid-19.

    However, the rules do not apply to him since he is a part of the Democrat ruling elite.

    30 minutes before Mayor Hancock boarded his flight, he reminded the peasants not to travel and to have a “virtual” Thanksgiving instead.

    https://www.thegatewaypundit.com/2020/11/democrat-mayor-denver-boards-flight-houston-visit-family-minutes-reminds-people-not-travel-thanksgiving/

      1. I avoid Downtown Denver, but there is one restaurant a block north of the Arapahoe / Denver County line that I support, got takeout lunch from there today just to put some money in the pockets of the people working there.

        Hancock is term limited from running for mayor again. His legacy will be a trashed downtown, homelessness, drugs, vacant storefronts, and the longer the lockdown continues, countless deaths of despair.

    2. Mandatory Mask Law Pictured Partying Maskless on Boat Surrounded by Bikini-Clad Women

      by Paul Joseph Watson
      November 25th 2020, 2:16 pm

      “It’s OK when we do it!”

      The world’s so-called “hottest doctor,” who has repeatedly called for mandatory mask laws and social distancing, was pictured maskless partying on a boat in Miami while surrounded by bikini-clad women.

      Mikhail Varshavski, known as ‘Dr. Mike’ online, completely contradicted his own advice by throwing a ‘super-spreader’ 31st birthday party for himself on November 12.

      “A picture of Varshavski on a boat in Sunset Harbor surrounded by 14 other people — most of them bikini-clad women — has since done the rounds with his fans calling him out for hypocrisy,” reports the Daily Mail.

      Varshavski behavior is completely hypocritical given that he has repeatedly lectured others for ignoring social distancing and demanded mandatory mask laws to save lives.

      “If by not wearing a mask you put other’s lives at risk it might make sense to make it mandatory. Wouldn’t you agree?” Varshavski tweeted back in June.

      A month later, the doctor appeared on Fox Business and asserted, “Wearing a mask decreases the spread of this virus and that is of utmost importance for people’s health and the health of our economy.”

      “So please, if you’re going outside in public and are going to be around other people, wear a mask,” he added.

      During a YouTube interview with Dr. Anthony Fauci, Varshavski also said, “Social distancing is incredibly important. That’s how we control the spread of this virus.”

      Varshavski has also appeared on CNN numerous times telling Americans to abide by coronavirus rules to which he is apparently not subject.

      https://www.infowars.com/

    1. I watched a sizeable chunk of the hearing. Rudy Giuliani and Jenna Ellis took their case to the jury that matters and did a good job of presenting the legal evidence. The most interesting thing to me that came out in the back and forth was that the PA governor mandated use of the machines. The legislators clearly understand the gravity of the situation and seemed emboldened/empowered by the information given to them.

      1. I read that the PA governor certified; a judge blocked the certification. PA governor appealed to State Supreme Court. Is this related to the Giuliani hearing, or a separate case?

        Of course, the US News article couldn’t resist mentioning that other PA cases were overturned. I think this case might be the big-kahuna case that goes to Roberts & Co.

        1. Is this related to the Giuliani hearing, or a separate case?

          Giuliani and Ellis took “the case” straight to the Republican PA legislators, who don’t need a legal decision to choose the electors.

        2. It’s admittedly confusing. There are many third party (i.e., not Trump campaign) suits. Suits are also being filed in state as well as federal courts. State Supreme Court cases can be appealed to SCOTUS. Suits originating in federal courts have one less appeal to get to SCOTUS.

    2. Pennsylvania State Legislature Holds Public Hearing

      I’m having difficulty discerning just what this was. A State Senate hearing in a hotel? President on the other line giving directions. Not a mention of this on Fox that I could find.

      Publicity of this massive fraud is good, but things should be called what they are.

      Happy Thanksgiving to all. We have a lot to be thankful for.

      1. It was a public hearing held by Republican PA state representatives and senators to hear evidence of fraud. State legislatures ultimately choose which electors to send to the electoral college. In PA, Republicans are the majority. POTUS was supposed to be there but there was a change of plans. The location of the hotel, Gettysburg, is more significant than the hotel itself. You’ll have to go to OAN or Newsmax to hear anything about it. Tucker and Laura have caved to The Narrative.

          1. if you’re following this

            People still trusting MSM, including FOX, could be in for a real surprise.

        2. I watched the whole thing yesterday. I was impressed.

          Half the country has no idea what we’re upset about!

          Very disappointed in how Fox has sunk. See ya Fox.

          3. Education for Tucker’s 4 and Laura’s 3 children has to cost a pretty penny. They’re probably hoping for another ten years.

          4. Tucker Carlson is worth $30 million. Even if they went to a $100K/year school that’s still only $1.6 million. Add in a $3M house in DC and Tucker is still fine. Laura Ingraham, $40 million.

            My guess is that they were being threatened, just like those poor election officials in Michigan.

          5. oxide is only assuming college. Prestigious prep schools can cost just as much. Tucker grew up with Swanson money. Laura is an education snob. Their tastes and “necessities” are much different than ours.

        4. Tucker and Laura have caved to The Narrative.

          Yeah. That little rant Tucker went on the other day, talking about “where’s the evidence?” showed me everything I needed to know, or already suspected. I’m done with him and Fox permanently.

    1. Do you remember, when Ross Perot got alot of votes? That man was short, ugly (not Portland mugshot ugly). Dennis Kucinich was ugly too. Let’s discard them all…

          1. I don’t think so. I once saw the two of them at a Green America festival in downtown DC and they were all about saving the world.

  27. Interviews! Overstock CEO Provides Evidence Of Election Fraud

    by Kelen McBreen
    November 25th 2020, 8:41 am

    Byrne, who is a libertarian entrepreneur with a PHD from Stanford that started one of America’s most successful companies, made it clear he did not vote for President Trump in 2016 or 2020.

    “I have never in my life voted Republican or Democrat for president… I love the Constitution,” he told Alex Jones.

    “This election was hacked,” he continued. “The Democrats are right, don’t puke all over yourself Alex, the Democrats are right about one thing. There was not widespread voter fraud. They did it much more intelligently and strategically and they picked five places to go narrow and deep. Because someone figured out that if you rig these five counties, you can flip these five states.”

    Byrne then described a network of hackers and tech experts who have been reverse engineering Dominion-style election software made to hack voting systems.

    “We had the thing unscrambled by November 5th or 6th,” he declared.

    Byrne also made an appearance on Infowars’ War Room with Owen Shroyer to further detail evidence of fraudulent voting machines.

    Speaking with Shroyer, Byrne mocked the fact that the software being used in U.S. elections was built in Venezuela under Hugo Chávez, and explained how it was made to tamper with votes.

    Next, Byrne described another issue, specifically with Dominion voting machines but probably true with competitors as well.

    “Dominion Systems are widely infected with a malware called Qsnatch. Qsnatch is a credential stealer,” he said. “So, if a volunteer in Maricopa County goes to log on, or the administrator goes to log on, his credentials are stolen…”

    He said hacker journals online estimate 75,000 machines across the country are compromised, meaning all the credentials for those people are stolen and available for sale on the Dark Web.

    Many of these credentials allegedly end up in the hands of the Chinese government via one of their “hacking bases.”

    “As a result of these two facts, not only do those administrators of the local voting precincts have far more discretion than they should, that can be hijacked from somebody over in China so they can come… someone in China can come and manipulate votes and change things,” Byrne stated.

    These revelations should have every American up in arms over the total lack of security in our elections, and the individuals responsible must be held accountable.

    https://www.infowars.com/

    1. Do you have any idea what it looks like out here in Gropey Joe’s America? It’s a total disaster, a total failure. Homeless sleeping in every doorway. Tweakers tweaking, and not in a funny way like on Breaking Bad.

      Brown Envelopes meet the Green New Deal. It’s gonna be worse and more fraudulent than you can even imagine.

      1. I’m seeing a lot more busted up RVs parked in parking lots all night, homeless people with shopping carts and just general depravity everywhere. Sad.

      2. Homeless sleeping in every doorway.

        I’m not sure Biden’s presidency has caused this. Perhaps you are close to the cause, but not exactly a Bull’s Eye.

        1. Not his presidency, but the Bolshevik policies he embraces have been part and parcel in Dumver for quite some time,

      3. The homeless explosion gained attention on Trump’s watch, so they’ll just blame it on Trump. But if Biden gets into office, enough crap will be initiated that there will be nobody but Biden to blame.

    2. Wonderful. That aired when I was a teen and had pretty good eyesight. Now the video makes me feel like I forgot my glasses!

  30. “The Jha’s said that lack of thorough vetting by Airbnb led to a homeowner-tenant-Airbnb nightmare that flipped their family’s life upside down.”

    Did they vetted the tenants they met online? It doesnt seems so but too much info is missing from story.

  31. Eric Hoffer.

    Mention of Eric Hoffer was made on this blog a while back and I am offering up (at no charge!) a five part interview of him by Morley Saffer that was done in the mid-Sixties.

    IMO this is well worth a watch:

    Watch “Eric Hoffer pt. 1 of 5” on YouTube
    https://youtu.be/kTcv4HyEY3w

    1. The Blockbuster movie could be headed for the dustbin, replaced by lower budget streaming series like The Mandalorian. Disney already has streaming series in the works about Obi Wan Kenobi and Ahsoka Tano. I suspect that Pixar will be redirected in this direction as well.

    1. They just reported another quarter of losses, though not as bad as the previous quarter. Since Disneyland won’t be reopening anytime soon and it’s possible that Disneyworld, which is only operating at partial capacity, could be shut down again, profitability won’t be returning next quarter. So it’s off to sawing and slashing.

    1. Short version: Sugar, Seed Oils, Stress, and Snacking.

      Sugar (fructose) and seed oils unbalance the liver metabolism. Stress, especially low quality sleep, increases cortisol. Carbs/sugar and snacking both increase insulin resistance. Those three metabolic issues kill your metabolism and encourage energy storage instead of burning.

    2. Missing meals, The look like they been eating Hobbit style: breeakfast, second breakfast, elevensies, etc.

      It’s hilarious that they show all those land whales and say they aren’t getting enough to eat.

      1. That racist 🤣🤣🤣🤣🤣🤣

        I’m being sarcastic but somewhere I’m sure all these land whales is somebodies great grand parents fault.

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