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The Biggest Misconception People Have Right Now

A report from Bisnow on Georgia. “With government support for embattled workers evaporating, apartment rent collections are worsening as the year comes to a close. ‘In November, it came crashing. We saw the entire momentum shift,’ The RADCO Cos. CEO Norman Radow said during Bisnow’s multifamily digital summit. ‘I think we’re starting to see parts of the economy shut down, and we’re starting to feel the brunt of that.'”

“Apartment landlords like RADCO, which owns nearly 17,000 apartments across eight states, faced more difficulty getting renters to pays as the U.S. job market weakened and some governments renewed shelter-in-place orders.”

The Puget Sound Business Journal in Washington. “Lots of people moved out of Seattle this year, mostly young professionals with an average age of 30 and a median income of $63,054, according to RentCafé. This year there were 24% fewer tenants looking for apartments in Seattle, which saw the volume of rental applications fall 11% compared to 2019. Less demand pushed Seattle’s average rental rate down 8.5% year-over-year, the nation’s third steepest behind San Francisco (-17.3%) and Manhattan (-10.8%).”

“RentCafé examined renter activity from three angles: people moving out of a particular city, renters moving within a city and tenants moving into a city. Eighteen of the 30 largest cities saw more renters leaving compared to 2019, with half of the cities, including Seattle, registering more pronounced numbers of people moving out of the city rather than moving in.”

“In Seattle, the number of people moving out was 15% higher. That’s the fifth-highest in the country; Detroit topped the list with a 36% increase. The number of renters moving into Seattle is down 24%, which is the second biggest drop behind San Francisco’s decline of 31%.”

From KQED in California. “KQED talked to seasoned tenants’ rights attorney Joseph Tobener and Housing Rights Committee of San Francisco Executive Director Fred Sherburn-Zimmer for their advice on how best to negotiate down rent. ‘I think it would be foolish for any tenant not to ask for their rent to be lowered right now,’ Sherburn-Zimmer said.”

“While there has been a lot of noise in the news about tech workers fleeing the Bay Area and causing rents to fall — sometimes by as much as 35% — that data only tells half the story, Tobener said. ‘Here’s the biggest misconception people have right now: that housing is scarce and rent is dropping,’ he said. ‘That’s not universally true.'”

“Instead, he said, vacancies are often concentrated in ‘those sky-rise apartments’ in places like downtown San Francisco. Plummeting rents in a city’s pricey urban cores can make it look like rent is dropping more than it is in, say, San Francisco’s more moderately priced Sunset District.”

The Los Angeles Times in California. “In L.A.’s over-the-top spec market, the only thing bigger than the homes are the price tags — and eventually, the price cuts. The latest example spans 34,000 square feet on an acre in Bel-Air, where celebrity plastic surgeon Raj Kanodia was seeking $180 million for his massive spec mansion in 2018. With no takers in two years, he just dropped the price to $99 million, down 45% from his astronomical asking price.”

“Spec building is the epitome of high-risk, high-reward, with luxury developers erecting some of the largest houses in Southern California without a buyer lined up and slapping on price tags that regularly top $100 million. If they can’t find a buyer, tax bills add up quickly; as of last year, The Times reported that there were 12 properties in L.A. County with an annual property tax bill of more than $1 million.”

“This often leads to dramatic price cuts, and Kanodia is far from the first to significantly lower his ask. Unica, a Spanish spec villa of 41,000 square feet, hit the market for $100 million before relisting for $78 million in September. In 2016, Bruce Makowsky offered his 38,000-square-foot mansion for $250 million, making it the priciest listing in the country, before eventually selling it three years later for $94 million. Coincidentally, Makowsky’s place sits right next door to Kanodia’s.”

The Toronto Star in Canada. “Rents in the city of Toronto continued to tumble in November — down 20 per cent year over year, according to the National Rent Report. Rents for one-bedroom apartments have declined in Toronto every month since January, says the report. ‘If you’re a tenant and you’re trying to time the market, we’re thinking maybe the end of February is the time for you to really narrow in on finding a place,’ said said Ben Myers, principal of Bullpen Research and Consulting in Toronto.”

“The 20 per cent average decline is based on all types of rental properties, including houses, condos and apartments from six-bedroom homes to studios, which Myers said have seen prices fall more than 20 per cent. Rents in the GTA across all property types were down 16.4 per cent year over year in November from $2,461 in 2019 to $2,056 last month. Rents in the Greater Toronto Area (GTA) fell most severely in condos, where they plummeted 17.7 per cent year over year. Purpose-built apartments saw a 9.1 per cent drop.”

The Daily Mail Australia. “Upmarket and gentrified inner-city suburbs of Sydney and Melbourne are in danger of seeing mortgage and rental stress levels more than double by the middle of next year. A report, commissioned by housing advocacy group Everybody’s Home, has pinpointed areas where dual-income couples have been reduced to just one salary as a result of coronavirus shutdowns. Sydney’s city and inner south area was expected to be Australia’s worst-hit region with housing stress expected to surge by 159.5 per cent.”

“Melbourne was in danger too with the affluent inner areas tipped to see a 126 per cent surge in housing stress, where households could barely pay their mortgage or rent as a result of losing an income. Sydney’s wealthiest postcodes were also predicted to struggle, with housing pressures tipped to rise by 72.8 per cent in the eastern suburbs and by 72.4 per cent on the north shore, stretching from North Sydney to Hornsby.”

“Report author and economist Angela Jackson, from Equity Economics, said couples in upmarket suburbs, with high house prices, had needed two incomes to pay off a mortgage and were now vulnerable. ‘The reason Sydney’s so bad is the structure of the economy,’ she told Daily Mail Australia. ‘Housing is so unaffordable that two people have to work and so there’s a lot of two-income households compared to other parts of Australia.'”

From Inside the Magic on Florida. “The pandemic continues to create unrest in the local Orlando economy. Three hotels have been put up for auction due to the impacts of the ongoing pandemic. While these hotels may not always be your first choice to stay at during your next Orlando vacation, they do shed an important spotlight on the state of the tourism industry during the ongoing pandemic.”

“As reported by the Orlando Business Journal, these hotels are Crown Plaza on Universal Blv., a Comfort Inn on Highway 192, and the Grand Hotel at Celebration, in Kissimmee. They continue to say in their report that the number of hotels that are expected to go into bankruptcy and ultimately foreclosure is only going to rise.”

The Wall Street Journal. “The commercial real-estate sector may never get back to normal, and that could spell trouble for banks. Many banks are concentrated in and dependent on commercial property lending. Banks hold half of all commercial real-estate loans. The 5,000 or so U.S. community banks, with about a third of total assets, are two to three times as concentrated in commercial real-estate lending as the approximately 30 larger banks.”

“Problems in commercial real estate can hurt banks in two ways. Losses on existing loans can damage earnings directly, and a correction can reduce future lending volumes, impairing an important driver of earnings. Based on what we know now, things don’t look good.”

“A recent Citigroup report on 400 properties in the retail and hotel sectors found an average decline in value of 27%. The stock prices of real-estate investment trusts, companies that own equity in commercial properties, are down 42% for retail properties since the most recent valuation prior to the pandemic onset in March. Office-property REITs are down 36% and lodging property REITs are down 50%.”

“For properties financed with typical debt levels of 75% to 80%, even a 30% drop in value—if sustained—is more than enough to push the property underwater.”

From Slate Magazine. “For years beginning in the mid-2000s, a roughly four-block plot in downtown D.C. was a concrete wasteland. The resulting $950 million, 10-acre development is CityCenterDC, a shimmering maze of restaurants and stores that opened in 2013. Far from Williams’ inclusive pitch, however, it features luxury ground-floor retail (Gucci, Ferragamo, Hermès) that anchors similarly luxurious office, condominium, and apartment buildings.”

“At the end of 2020, though, the CityCenter area is only a little bit busier than it was in its parking lot days. Behind all the floor-to-ceiling glass, pert, well-pressed salespeople tinker with clothes in empty stores, with security guards poised blankly at the gilded doors. The development’s public plaza echoes with the sound of bubbling fountains, but in the absence of passersby the effect is just eerie. At all hours of day, venturing into CityCenter has the distinct feeling of walking through an immaculately maintained theme park after closing time.”

“Across the U.S., the coronavirus pandemic has sapped Americans’ appetite for fancy projects like this, in no small part because the cross-section of upwardly mobile people who can afford such apartments—like well-off students, high-earning young professionals, or people with second homes—have fled urban city centers or scaled back on spending.”

“‘In Manhattan, there is blood on the streets,’ one property management executive told BisNow in September about the borough’s luxury rental housing market. Rents there have plummeted 19 percent since this time last year, with the worst loss in demand occurring among luxury housing.”

“In Los Angeles, vacancies in luxury apartments are nearing 5 percent. L.A.’s downtown, which saw the largest number of newly built luxury units in the past decade, has been hit particularly hard, with rent prices dropping nearly 8 percent since January of this year, according to L.A. Magazine. Back in D.C., the vacancy rate for luxury housing topped 10 percent this summer. Now the average rent for a luxury apartment in D.C. is $2,387 per month, about $300 less than it was last year.”

“Even before COVID-driven job losses forced people to downsize, developers chased luxury housing on a scale no market could match. In January, the Wall Street Journal reported that builders in the U.S. were on track to create more new units of housing in 2020 than in any year since the 1980s. The catch was the 80 percent of those expected 371,000 new rentals are Class A properties geared toward high earners. Given the high cost of land and labor, it’s simply easier to turn a profit building housing for the wealthy, developers said.”

“But only delusions of grandeur—of slippery ideas like permanence and ‘placemaking,’ which is developer lingo for this particular kind of urban revitalization—could encourage the idea that raising entire glossy neighborhoods from scratch would make cities more livable or civically minded. And as it turns out, the things cities chased for so long are part of the reason people are turning away from them.”

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    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

      https://everylegalvote.com/country

      https://hereistheevidence.com/

      “Dominion-izing the Vote”

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

      Eric Coomer Explains How To Alter Votes In The Dominion Voting System

      https://www.youtube.com/watch?v=UtB3tLaXLJE

      Eric Coomer, Dominion’s head of product and strategy, has disappeared.

      ‘Representatives from Dominion also did not attend a court hearing in Pennsylvania on November 19. Its US headquarters in Denver was also suddenly closed and moved away. Their employees deleted their names from LinkedIn.’

      https://www.youtube.com/watch?v=0oYQeeNCzZM

      https://www.theepochtimes.com/poll-watcher-describes-pennsylvania-election-irregularities-including-47-missing-usb-cards_3594549.html

      Here’s the testimony on video:

      “Baggies of USBs” – PA Witness Gives Explosive Testimony

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

      Dem Ballot Inspector Says She Was Threatened with Violence for Speaking Up About Suspicious Activity

      “The majority inspector threatened to slap me in the face,” said Olivia Jane Winters, a registered Democrat and minority ballot inspector in Pennsylvania, testifying to Pennsylvania State Republicans Wednesday that she had been threatened and harassed by other election officials after she asked about suspicious activities during the 2020 election.’

      https://www.bitchute.com/video/_KrpyDlHTe8/

      Crowd Gasps after Finding out about Absurd Spike of Votes in Favor of Biden

      https://www.bitchute.com/video/jmNUAx8wQYdO/

      Sen. Doug Mastriano closing remarks PA state legislature meeting.

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

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

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

      ”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

      Col Phil Waldron Confirms Experts Witnessed Dominion Communicating with Frankfurt on Election Day

      https://www.bitchute.com/video/n7j5lg9fYyzz/

      Dominion forensic report from Michigan (PDF):

      https://www.depernolaw.com/uploads/2/7/0/2/27029178/antrim_michigan_forensics_report_%5B121320%5D_v2_%5Bredacted%5D.pdf

      1. ‘KRAKEN is DOD cyber warfare program.’

        ‘They cheated & got caught!’

        Sidney Powell
        🇺🇸
        ‘Who knew?’

        https://twitter.com/SidneyPowell1/status/1331435411286192128?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1331435411286192128%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fheadlines360.news%2F2020%2F11%2F24%2Fsidney-powells-kraken-is-department-of-defense-cyber-warfare-program%2F

        I did some digging around and found this (WARNING) PDF:

        https://www.dacis.com/budget/budget_pdf/FY20/RDTE/F/1203110F_294.pdf

        It’s dated Feb. 2019. If you word search Kraken (‘respond’ category), you’ll find it twice on page 4. This unit 305 person is in the affidavits in Powells lawsuit.

        WARNING PDF with filing:

        https://www.courtlistener.com/recap/gov.uscourts.mied.350905/gov.uscourts.mied.350905.1.15.pdf

        Zuckerberg on page 15. Obammie on page 8.

        ‘Response: Yes, our “White Hat” hackers – they have that traffic and the packets.”

        https://twitter.com/themodalice/status/1333505965857984512

        ‘Ruby Freeman Makes Video of herself Showing MOUNTAINS of GA ABSENTEE BALLOTS With NO RETURN ADDRESS’

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

        Example

        Note the vote spike at the Atlanta treason:

        https://twitter.com/EricTrump/status/1334812236322381826/

        Corrupt Georgia Election Worker Seen Loading Same Ballots 3 Times into Machine

        Poll Worker Ruby Freeman Loads Up The Same Stack Of Ballots To Be Counted 3X

        https://www.youtube.com/watch?v=RiREC3Zy20E

        Ruby Freeman – “I need an attorney”

        “This is bigger than me. I need an attorney.” at 4:55.

        https://www.youtube.com/watch?v=xsU-CXcJ4Lg

        1. I’ll repost this link:

          “Republicans in Pennsylvania, Arizona, Georgia, Wisconsin, New Mexico, and Nevada entered competing slates of electors for President Donald Trump on Monday as Electoral College members in six contested battleground states officially cast their ballots for Democrat Joe Biden. [Update: Although initially blocked by state authorities,* a delegation of 16 Michigan Republican Electors were eventually able to convene and cast their ballots for President Trump, bringing the tally to seven states entering competing slates]…

          …By casting conditional votes for Trump, the GOP electors have set up an epic showdown in a joint session of Congress next month when lawmakers convene to count the electoral votes and officially declare the winner.”

          https://amgreatness.com/2020/12/14/republican-electors-in-7-contested-states-cast-conditional-votes-for-president-trump-gop-electors-in-michigan-blocked/

          Thank goodness for duckduckgo. A google search only returned news about “cementing Biden’s win.”

          Now, I’m not sure this is legally going anywhere. Are some or all of the states just doing this out of protest? Or are all 7 state legislatures basically suing their own state, hoping to get to the Supreme Court? In order for Trump to win, the courts (probably SCOTUS) would have to agree that the State Legislatures should have appointed the electors. Then on Jan 6, Congress would count the alternate slate of electors. However, how can the SCOTUS agree with the State legislatures outright? That would give the state legislature license to appoint any electors regardless of what the voters said (even if the vote was honest).

          I guess this is why states have to take the angle of the state executive deciding on vote-counting procedures — basically the Texas case again. Or, somebody needs to convince SCOTUS that there actually was fraud and the state legislatures have both standing and proof that their electors are the legit ones. The SCOTUS knows that if they declare election compromised and punt to provision for one vote per state; then Trump will likely win. I think that’s the plan.
          It’s enough to make my head spin.

          This sounds like a hail-Mary pass. But the states have positioned the receivers where they need to be, and there’s time on the clock — until Jan 5-6 or so.

          *And this is what jazzfiend (yesterday) meant by Michigan electors being blocked from entering their Capitol building. Gov. Whitmer gave orders to block this alternate slate of the legislature’s electors from casting alternate votes.

  2. ‘I think it would be foolish for any tenant not to ask for their rent to be lowered right now’

    That’s the spirit!

  3. ‘couples in upmarket suburbs, with high house prices, had needed two incomes to pay off a mortgage and were now vulnerable. ‘The reason Sydney’s so bad is the structure of the economy…Housing is so unaffordable that two people have to work and so there’s a lot of two-income households compared to other parts of Australia’

    I think about this every time I read bay aryans say “it’s sooo expensive here”. Yeah, well enjoy the bust.

    1. It’s not just Sydney or the Bay Area. It’s most of the major cities in the US. Very few households around here are single-income. Even older people who bought houses before the run-up either cashed-out or traded up, so they are still paying high mortgages.

      Boots in my zip: homes are going pending or selling pretty high, near asking price.

        1. However, if you had a mortgage before all this happened, or even just a sane one, you would be a fool not to move it down to a lower interest rate. Anything that lowers your committed-to future outflow is a good thing.

          I strongly suspect that at some point in the near future rates will give way… involuntarily probably …

        2. “The artificially low interest rates have…”

          …screwed the average worker’s retirement, which is usually savings rather than stocks.

    2. I wonder how my ex-boss “if you’re not making 10K a month in RE appreciation you’re doing something wrong” is thinking now? Santa Clara CA

        1. That’s why sh!tcoin has rocketed. Everybody’s looking for a free lunch. The people who bought at the recent bottom in March have enjoyed a 6-fold increase in a matter of months. For the next round of jackwads buying, the price of sh!tcoin would have to go to $120,000 to enjoy those same returns. It’s a Ponzi.

    1. From a few weeks ago, but thanks to the Lockdown Lovers we all know it’s only gotten worse, with no end in sight.

      Washington Post — A growing number of Americans are going hungry (11/25/20):

      “More Americans are going hungry now than at any point during the deadly coronavirus pandemic, according to a Post analysis of new federal data — a problem created by an economic downturn that has tightened its grip on millions of Americans and compounded by government relief programs that expired or will terminate at the end of the year. Experts say it is likely that there’s more hunger in the United States today than at any point since 1998, when the Census Bureau began collecting comparable data about households’ ability to get enough food.

      One in 8 Americans reported they sometimes or often didn’t have enough food to eat in the past week, hitting nearly 26 million American adults, an increase several times greater than the most comparable pre-pandemic figure, according to Census Bureau survey data collected in late October and early November. That number climbed to more than 1 in 6 adults in households with children.”

      https://archive.is/CnwFx

      Forced starvation is genocide.

      Lockdown Lovers are war criminals.

      1. Wall Street Journal — U.S. Poised for Wave of Evictions in January as Federal Ban Expires (12/13/20):

        “Millions of U.S. renters face the prospect of eviction in January unless federal officials extend protections put in place during the Covid-19 pandemic.

        That month is when the Centers for Disease Control and Prevention’s ban on evictions is set to expire. The moratorium protects tenants who have missed monthly rent payments from being thrown out of their homes if they declare financial hardship. The CDC ordered the halt on evictions under the Public Health Service Act, which allows the federal government to enact regulations that help stop the spread of infectious diseases.

        Between 2.4 million and 5 million American households are at risk of eviction in January alone, and millions more will be vulnerable in the months after”

        https://archive.vn/0p0C1

        Lockdown Lovers want you homeless and starving.

        Businesses want customers, not bailouts.

      2. New York Post — NYC could face ‘full shutdown’ beyond indoor dining, de Blasio warns (12/14/20):

        “As vaccines began being put into arms in New York City and indoor dining was shut down again Monday, Mayor Bill de Blasio and Gov. Andrew Cuomo warned that additional restrictions could be coming — potentially including a return to a full shutdown.

        “There’s the potential of having to do a full pause, a full shutdown, in the coming weeks, because we can’t let this kind of momentum go,” de Blasio said on CNN when asked about comments made by Gov. Andrew Cuomo last week, in which the state’s top executive said a fuller shutdown could be in the offing this winter.

        “We’re seeing the kind of level of infection with the coronavirus we haven’t seen since May and we have got to stop that momentum — or else, our hospital system will be threatened,” de Blasio said.

        https://nypost.com/2020/12/14/nyc-faces-another-full-shutdown-as-covid-spikes-de-blasio/

        Will the last taxpayer leaving New York City please turn out the lights?

      3. Predictably, they are already announcing new deadlier strains of covid with a new one just being announced in the UK against which the vaccine will be useless. It’s simple. This is never going to end until people just ignore the fear mongering and reclaim their freedom. There is no virus in nature that can wreak the same havoc, mayhem, and devastation on the human race that the central planners have in store for us.

        1. I duckduckgo-ed it. So far there’s no evidence that the new strain is any more deadly than the current strain. Then again, I don’t trust the “no evidence” BS after what the WHO said. Other articles think that it won’t affect the vaccine.

          If it does affect the vaccine, then I think the powers that be will have to give in and finally let loose Ivermectin. Because people are NOT going to accept another year-long lockdown.

          1. Because people are NOT going to accept another year-long lockdown.

            There are a bunch of flaming libs who are attacking libtard politicians over the lockdowns. Here’s one I happened upon the other day. This gal has terminal TDS:

            Gavin Newsom is a hypocrite. He gets mad at conservatives for choosing not to follow the science. Foregoing a mask is not following the science, but neither is shutting down outdoor dining. Follow the damn facts.

          3. “Bill Gates expressed support for shutting down bars and restaurants for up to six months and indicated lockdowns may continue all the way into 2022.

            The billionaire Microsoft founder made his sobering warning during an interview with CNN over the weekend.”

            Two weeks to flatten the curve? This time the Globalists are playing for all the marbles. I wouldn’t count on them giving in so easily.

          4. and indicated lockdowns may continue all the way into 2022

            But, but, but … we’re all gonna be inoculated by summer.

            And it’s not just bars and restaurants that will get massacred. Anything related to hospitality and tourism is going to be destroyed.

          5. Fauci still has this idea that the vaccine might stop symptoms but not the spread. And that we should wear masks for months because “we don’t know.”

            You don’t know? Look, it’s not the mystery of the universe. Get off your a$$ and FIND OUT. Just have all these lucky and historic 🙄 vaccine-ees show up for weekly PCR tests. If virus level stays at high CT levels (high CT = low amount of virus) then you know that the vaccine stops spread, and Fauci can stop playing effing games with us.

  5. ‘In November, it came crashing. We saw the entire momentum shift’

    No free cheese, eh? How do those 5% cap rates look now?

  6. ‘At the end of 2020, though, the CityCenter area is only a little bit busier than it was in its parking lot days’

    I can’t help but think this Slate writer reads here sometimes. Yep, the biggest multi-family (and everything else) boom in 40 years and nearly all of it lux, lux, lux. Saw it coming years ago.

    Why luxury everything? The bubble was in the land, which doubled and triple all over the US starting around 2011-2012.

    1. Why luxury everything? The bubble was in the land, which doubled and triple all over the US starting around 2011-2012.

      The lot premium (1/4 acre, so very small) on the house one of my friends bought at the peak was over $350,000. It’s desert scrub. These lots should be $20,000, and used to be.

      1. These lots should be $20,000, and used to be

        And I’m talking finished lots, with curb, gutter, utilities and impact fees already paid. Without that, they should be nearly free.

      1. That’s West Point by the way…. and it NEVER get’s that loud in that stadium… not even at the Army/Airforce game.

  8. In L.A.’s over-the-top spec market, the only thing bigger than the homes are the price tags

    Unfortunately for the speculators, the only people who can afford those shacks are bugging out.

    1. Unfortunately for the speculators, the only people who can afford those shacks are bugging out.”

      Buyers moving North to Ventura Co and driving prices up and the sellers move out of state driving prices up. Meanwhile LA county is begging for bailout money.

      1. I was referring to the multimillion dollar shacks. Musk dumped his collection of California mansions last year.

        1. ‘A Michigan attorney involved in the Antrim County case said he hopes President Donald Trump will act after a forensic audit report of Dominion Voting Systems machines described the devices as faulty and “intentionally” programmed to produce significant numbers of tabulation errors. Matthew DePerno, who is representing an Antrim County plaintiff, told Newsmax Monday that he hopes Trump and the White House read the report (pdf) from Allied Security Operations Group “and understand how significant the findings are.”

          “We hope that we’ve given him something to go on here based on our investigation because if this happened in Antrim County and with these machines, there’s 48 other counties in Michigan that used the same machines, and there’s hundreds of counties across the country that also use them. And foreign interference like this needs to be dealt with, and I think the president will take action,” he said of the findings in the report, which was tweeted by President Trump on Monday.’

          ‘Allied Security Operations and its co-founder Russell Ramsland, a former NASA official and official in the Reagan administration, said that they found that ballot-adjudication logs and the security logs for the Nov. 3 general election in Antrim County’s Dominion Voting Systems machines were removed. They said the logs of prior elections before Nov. 3 were still there.’

          “The adjudication process is the simplest way to manually manipulate votes. The lack of records prevents any form of audit accountability, and their conspicuous absence is extremely suspicious since the files exist for previous years using the same software,” Ramsland wrote. “We must conclude that the 2020 election cycle records have been manually removed.”

          ‘Ramsland furthermore said his team found that Antrim County’s machines rejected a considerable number of ballots for adjudication, a manual process that allows election workers to cure ballots before they are re-submitted. Those machines, he said, had an error rate of 68.05 percent—while the Federal Election Commission allows for an error rate of 0.0008 percent.’

          ‘The report also stipulated that Dominion’s machines were “intentionally and purposefully designed with inherent errors” to produce “systemic fraud” during the election. “The system intentionally generates an enormously high number of ballot errors. The electronic ballots are then transferred for adjudication,” Ramsland wrote. “The intentional errors lead to bulk adjudication of ballots with no oversight, no transparency, and no audit trail. This leads to voter or election fraud.”

          ‘On Monday, Trump wrote of the report: “WOW. This report shows massive fraud. Election changing result!”

          https://www.theepochtimes.com/michigan-lawyer-trump-should-take-action-after-voting-machine-audit-in-antrim-county_3619356.html

          1. “Those machines, he said, had an error rate of 68.05 percent—while the Federal Election Commission allows for an error rate of 0.0008 percent.”

            This can’t be!

            Even my local news tells me there was no evidence of election fraud.

            https://youtu.be/ksb3KD6DfSI

          2. Monty Python inspired…

            And now for something from the Real Journalists

            Pro-Trump Lawyer Lin Wood Urges Supporters to Stock Up on ‘2nd Amendment Supplies’

            BY DANIEL VILLARREAL ON 12/14/20 AT 6:38 PM EST

            Lin Wood, a supporter of President Donald Trump who has also been filing lawsuits on Trump’s behalf to overturn the election’s results, tweeted on Monday that Trump supporters should stock up on “2nd Amendment supplies,” a reference to firearms and ammunition. Wood’s tweet seemed to predict coming social unrest over the Electoral College casting its ballots to seat President-elect Joe Biden in the White House.

            “Better to be safe than sorry,” Woods wrote in his tweet. “Make sure you have PLENTY of water, food, flashlights & batteries, candles, radio, 2nd Amendment supplies, & a plan to meet with leaders of your communities. Remember we only have 1 President at a time. Our leader is @realDonaldTrump, not Biden.”

            The supplies Woods listed are commonly associated with preparing for civil unrest or disasters in which people’s utilities, electricity and access to survival essentials are disrupted.

            https://www.newsweek.com/pro-trump-lawyer-lin-wood-urges-supporters-stock-2nd-amendment-supplies-1554687

          3. More from the Real Journalists

            (For some reason these Real Journalists seem a little jittery)

            Trump retweets Lin Wood’s message Kemp/Raffensperger are going to jail

            TIM KEPHARTUPDATED 4 HRS AGO |
            POSTED ON DEC 15, 2020

            As some Republicans try to separate themselves from Atlanta-attorney Lin Wood’s post-election rhetoric, President Donald Trump amplified Wood’s latest missive against Governor Brian Kemp and Secretary of State Brad Raffensperger.

            President Trump retweeted Wood’s statement where he said, “President Trump is a genuinely good man. He does not really like to fire people. I bet he dislikes putting people in jail, especially “Republicans.” He gave @BrianKempGA & @GaSecofState every chance to get it right. They refused. They will soon be going to jail.”

            The photo attached to the tweet from Wood had a picture of Governor Kemp and Secretary Raffensperger wearing masks with China’s flag on it. Wood has previously said that Kemp was bought off by the Chinese government among other charges.

            https://www.cbs46.com/news/trump-retweets-lin-woods-message-kemp-raffensperger-are-going-to-jail/article_e8c27374-3ee6-11eb-95d1-b7814108db6f.html

      2. That forensics report is unbelievable. Years without patching and antivirus updates? The people involved in administering the elections that used these machines should hang.

        1. The people that work at Allied are former three letter agency cyber experts (CIA, FBI, NSA, etc). In other words the best. Allied was hired by Texas to examine Dominion irregularities in the Texas 2018 election. This was covered in the mechanics of vote stealing video above.

          I didn’t know it was possible to change/delete votes until I found that video, and I’ve been educating myself since. Anyone who reads that can’t deny the possibility it’s correct. And wouldn’t a 2nd or 3rd independent review by similar firms clear this up right away?

          1. I’ve had a little interaction with the alphabets (not impressed) and written a mountain of software deployed to secure environments where you have to jump through a million hoops to get STIG compliance. I also have first hand experience of government holding contractors to a very high level and waiving requirements for itself. If the hanging starts I’m not sure we have enough rope in this country but I’m willing to find out.

            The current election infrastructure seems to be a new low – are there 4th world countries? Because that’s where we’re headed with this 1st world fantasy and 3rd world reality.

          2. “I also have first hand experience of government holding contractors to a very high level and waiving requirements for itself.”

            I’m still surprised at the vast federal network rather than a compartmentalized schema. Once you’re in, you’ve got access to the entire kingdom. And lots of workers leave their PKI id card hanging on the coat rack hook overnight, but they’re protected by title vii diversity laws when a security sweep nets a bunch of them. Insanity!

          3. Office of Personnel Management hack some years back was supposedly due to a contractor with employees located in china having root access to the database. I say supposed because I dont think it was a hack so much as the data was “sold”.

          6. “Speaking at a forum in Washington, D.C., Director of National Intelligence James R. Clapper said: ‘You have to kind of salute the Chinese for what they did.'”

  11. I accidentally posted this link two threads ago rather than in yesterday’s active thread so some HBBers may have missed it. I’ve previously linked to this constitutional attorney.

    CONTINGENT ELECTION: Pence, GOP Senate Can Invalidate Democrat Presidential Electors In AZ, GA, MI, PA, NV
    The Constitution has a process for ending a contested election, and it may be underway.

    “[T]he opportunity is rapidly approaching for both Vice President Mike Pence and the Republican-led Senate to, with help from Rep. Mo Brooks (R-AL) in the South, deny the Electoral College votes of battleground states with suspicious or fraudulent election results.”

    “National File spoke exclusively to constitutional lawyer Ivan Raiklin today, who previously outlined much of what is happening now, to learn more about what will likely unfold.”

    1. MSNBC (yes, I know it’s MSNBC) reports that some Republican Senators, ie John Thune, are starting to acknowledge Biden. Would the Senate go along with Pence on this?

      1. Would the Senate go along with Pence on this?

        At some point here it seems like facts have to be acknowledged and decisions made. T’s people say that there are all these facts that will come out in court…but then the courts refuse to hear them. Then the opposition says “hahah, there are no facts or the court would have heard the case”. I still have hope that there is real legal work going on, but if not they’ll have to give up and take their full case straight to the people or fold. Is the Senate that moment?

        2. T’s people say that there are all these facts that will come out in court…but then the courts refuse to hear them. Then the opposition says “hahah, there are no facts or the court would have heard the case”.

          Spot on! Never mind that judges and their families are being threatened or the judges are highly partisan. Instead, blame T’s attorneys.

          1. Giuiani said something similar — that no court had even tried to address whether the fraud actually happened. They all kicked it out on procedural grounds like a hot potato. (except for one judge who called the evidence “speculative.” In order for her to be so bold, someone must have threatened some kittens.) Even the Supremes are afraid to take it on. All this is doing is cementing the right’s certainty that Trump should stay President.

            If those judges are being threatened, I hope those incidents are being reported and compiled and investigated. Or is the entire FBI and DOJ ignoring that too?

  12. Wall Street Journal — A New Migrant Caravan Forms in Honduras, in Early Test for REDACTED* (12/10/20):

    “More than 1,000 Honduran migrants headed toward Guatemala on Thursday, seeking to reach the U.S. southern border after two hurricanes brought economic devastation to the country’s poor.

    Most members of the migrant caravan that departed on Wednesday night from the bus terminal of San Pedro Sula are betting that the incoming administration of President-elect REDACTED* will roll back some of the Trump administration’s restrictive immigration policies.

    “We have asked God to help us and we believe that the new U.S. government will let us in,” said Bertha Méndez, a 25-year-old homemaker who had been living in a shack made up of plastic sheets and cardboard after heavy rains destroyed her house in the northern municipality of Choloma.

    “I travel with eight people and we all think that this is a good opportunity, because it is the only thing we have left after having lost everything in the floods,” Ms. Méndez added. She expects to reach the U.S. before the Jan. 20 presidential inauguration.

    https://archive.is/npirs

    Remember, if you are a United States citizen who supports the national sovereignty of the United States to control its own borders, they want you silenced, they want you dead.

    1. Far too many United State citizens believe that if you are a United States citizen who supports the national sovereignty of the United States to control its own borders, you are a racis , a fascist, and deserving of the death penalty.

  14. Steve Bannon’s War Room just broke some major news. The Arizona Senate, along with the Maricopa County Board of Supervisors has just issued a subpoena to seize all the Dominion Machines, the servers and the records so that a full forensic audit can be done.

    This is not over by a long shot. Trump firing Barr wasn’t the news, it was Richard Donaghue being put in as Deputy Attorney General. Like Ezra Cohen-Watnick in the DOD, the second in command does the footwork out of the spotlight.

    Trump would not have done all of this work Post-Election, just to walk away. Donald Trump will be the President of the United States on January 20th, 2021, count on it.

    1. “The Arizona Senate, along with the Maricopa County Board of Supervisors has just issued a subpoena to seize all the Dominion Machines, the servers and the records so that a full forensic audit can be done.”

      Wonder if Cindy “the final straw” McCain will have a public freakout?

    2. Richard Donoghue

      He has a particularly interesting resume.

      Wikipedia (emphasis added):

      Richard Donoghue is an American attorney and prosecutor who served as the United States Attorney for the Eastern District of New York from 2018 to 2020. Donoghue was appointed interim U.S. Attorney by Jeff Sessions in January 2018. On December 14, 2020, President Trump announced that Donoghue would become Acting Deputy Attorney General of the United States on December 23, 2020.

      Donoghue served in the Judge Advocate General’s Corps, United States Army, where he was a Military Magistrate Judge, Prosecutor, Defense Counsel, and Contract Litigator. He also served in the 82nd Airborne Division. Donogue worked at the United States District Court for the Eastern District of New York before leaving to serve as Principal Associate Deputy Attorney General and Counselor to the U.S. Attorney General. Donogue was selected to serve as United States Attorney in January 2018. In 2020, it was announced that Donoghue would leave the Eastern District to serve as Principal Associate Deputy Attorney General at the United States Department of Justice.

      NY Post:

      Since taking up the job in 2018, Donoghue’s team oversaw several convictions in trials that garnered global attention — including the prosecution of drug lord Joaquín “El Chapo” Guzman and Nxivm sex-cult founder Keith Raniere.

  15. “Even before COVID-driven job losses forced people to downsize, developers chased luxury housing on a scale no market could match. In January, the Wall Street Journal reported that builders in the U.S. were on track to create more new units of housing in 2020 than in any year since the 1980s. The catch was the 80 percent of those expected 371,000 new rentals are Class A properties geared toward high earners. Given the high cost of land and labor, it’s simply easier to turn a profit building housing for the wealthy, developers said.”

    The market don’t give a dam about you turning a profits. BTW, I thought all those Chinese money launders were going to buy all these shacks!

  16. https://www.wsj.com/articles/aiming-at-wealthy-renters-developers-build-more-luxury-apartments-than-they-have-in-decades-11579084202

    “Even though it is more difficult and less profitable, some developers spread their bets by building some lower-rent apartments. Mr. Bahrami said his company has started construction on simpler properties with fewer amenities that will rent at a roughly 25% discount to one of its latest Houston buildings, where two-bedrooms are now on the market for between about $2,200 and $2,500.”

    No one give a sh*t about Bocce ball court or safe space amenities.

    1. its latest Houston buildings, where two-bedrooms are now on the market for between about $2,200 and $2,500.

      $2000+ for an apartment in Houston. Are they furnished with a woman, like in Soylent Green?

      1. “like in Soylent Green”

        Nah. They’ll just tell you that with T*nder around it’s easy enough to get it yourself, like in Brave New World.

  22. ‘I think we’re starting to see parts of the economy shut down, and we’re starting to feel the brunt of that.’”

    The economy isn’t “shutting down.” Small businesses are being systematically targeted for extinction by the globalists and their Democrat Quislings, as part of the oligarchy’s wider effort to decimate what remains of the middle class pursuant to plundering their wealth and assets.

          2. Steve Pieczenik? From what I understand, there’s no such thing as ex-CIA.

            Yes, that guy. I listened to him and I’d bet he is suffering from psychosis. He is out there.

  24. Plummeting rents in a city’s pricey urban cores can make it look like rent is dropping more than it is in, say, San Francisco’s more moderately priced Sunset District.”

    Joseph, don’t delude yourself for a minute into thinking the cratering will somehow stay confined to the “pricey urban core.” As all these libtard-malgoverned cities spiral deeper into dystopia, the flight of the productive, and the cratering, are both going to accelerate.

  25. With no takers in two years, he just dropped the price to $99 million, down 45% from his astronomical asking price.”

    Weren’t going to give it away, ay, greedhead?

  26. “Report author and economist Angela Jackson, from Equity Economics, said couples in upmarket suburbs, with high house prices, had needed two incomes to pay off a mortgage and were now vulnerable.

    Gosh, I sure hope no one gets vulnered.

    2. “They’re all playing the game. I feel more every day that The Matrix movie was real. It’s that bad.”

      1. I had already forgotten about the judge in Atlanta who gave Sidney Powell the preliminary injunction and then reversed it 20 minutes later and the campaign worker who had a car “accident”.

    1. This unfortunate snowflake needs a tour of the BLM public housing that is much newer and better maintained than her trendy meritocratic flat.

    1. Last week I saw the Salvi Army bellringers out in front of Big Box. I thought hard cash was supposed to be contaminated?

  30. Oh dear…the Chinese defaults are starting to come one right after the other now.

    Chinese Clothing Giant Defaults on Second Domestic Yuan Bond

    https://www.bloomberg.com/news/articles/2020-12-16/chinese-clothing-giant-defaults-on-second-domestic-yuan-bond?srnd=premium-middle-east&sref=ibr3A0ff

    A troubled Chinese clothing firm has defaulted on two domestic bonds in 24 hours, in the latest sign of financial stress among the country’s weaker private companies.

    Shandong Ruyi Technology Group Co. hasn’t wired funds for coupon payment on a 1 billion yuan ($153 million) bond due Tuesday, according to a filing to the Shanghai Clearing House. The company cited tight liquidity for missing the payment.

  31. Maria Bartiromo: Intel Source Says “Trump Did In Fact Win Election”

    by Adan Salazar
    December 15th 2020, 5:15 pm

    “Challenging election results, as we await today’s Electoral College decision, an intel source telling me that President Trump did in fact win the election,” Bartiromo said.

    Bartiromo’s comments, citing an anonymous source, annoyed leftists to the point they called for her to be kicked off the air and arrested.

    Rex Chapman🏇🏼
    @RexChapman

    Maria Bartiromo claims an “Intel Source” told her “Trump did in fact win the election”.

    Arrest her…

    https://www.infowars.com/posts/maria-bartiromo-intel-source-says-trump-did-in-fact-win-election

    1. annoyed leftists to the point they called for her to be kicked off the air and arrested

      Pot, meet Kettle.

  32. Just read that the state of Colorado is paying $60,000 a day to rent the Denver Convention Center as an overflow hospital, not to mention the millions it must have cost to set it up. And it has not been used a single time.

    The state originally had 5 overflow centers in the state. Two were closed for good in October, including the one in Larimer County Fairgrounds.

    On top of the money wasted by having the convention center sitting idle, there must be untold millions in hospitality revenues and taxes lost from mothballing the convention center. Some of the conventions, such as the formerly successful Denver Pop Culture Con, won’t be returning as they are insolvent and are resorting to begging for donations so they can return in 2022, assuming we aren’t in yet another “curve flattening” lock down.

    1. “untold millions in hospitality revenues and taxes lost”

      Nobody wants to live in or visit downtown Denver.

      They’ve made it abundantly clear that myself, and my sales tax dollars, are not welcome there. The feeling is mutual.

      1. Also read that 30,000+ kids fewer kids returned to school in Colorado than last year, which is creating funding issues for the state’s school districts as they get paid per head by the state.

        Some teachers who thought their jobs are bullet proof might be finding themselves on the wrong end of a pink slip.

        1. More parents are opting to home school, which means one less brainwashed child for our NEA indoctrination mills to mold into a future Democrat dependency voter.

        2. E-mail last night 😠: Pending Board Approval at the Thursday, December 17 meeting, PUSD will be making the difficult but prudent recommendation to temporarily suspend on-campus learning for ALL PUSD students at ALL PUSD schools for a two-week period following winter break: January 4 through January 15, 2021.

      1. Californians have to reap the full measure of the consequences of voting libtard before any significant numbers of them will see the light. We’re not nearly there yet, but it’s coming.

        1. Yup. Voters will just conclude that Newsollini was the problem and will obediently pull the D lever in the next election.

        1. As their tax receipts plummet, it will be interesting to see what they will try. I’m guessing they will try to stick their hand into out of state pockets.

          1. Yep for sure out of state pockets is the answer. We’ll just.take some of Kentucky and W Va’s federal welfare and stimulus checks. Or leech it from some gainful employment BS military base project in Louisiana. It isn’t fair. I know. Just tack it on to our portion of the massive deficit that will never get resolved, pour yourself a tall boy, and click your heels three times and say there’s no place like home.

  35. Bitcoin hitting all-time highs as herd creatures flee from one scam currency backed by nothing, the dollar, into another. Anyone who thinks cryptocurrencies are safe havens against the Fed’s debasement of the currency is in for a rude awakening.

  37. Perhaps Sidney Powell could throw this video in with her mountains of evidence and signed affidavits under penalty of perjury.

    Essential Fleccas 🇺🇸
    @fleccas
    ·
    19h
    “How are you gonna keep it from us being able to be in a position where you can manipulate the machines, manipulate the records?… I think we should pass a federal law mandating that the same machines with paper trails be mandatory for every federal election”

    -Joe Biden, 2007

    https://twitter.com/fleccas/status/1338923147215638528

  38. I noticed how normal the cop who carried out Governor Eva Braun’s orders in Michigan to keep the “GOP elected officials and presidential electors from entering the State Capitol building while Governor Whitmer and Democrat electors were allowed in the building.”

    The twitter video below also shows normal looking people carrying out the States Gestapo tactics.

    Got Freedom?
    Dec 14, 2020, 19:04 ET

    ARLINGTON, Va., Dec. 14, 2020 /PRNewswire/ — A shocking video released by Got Freedom? today shows a police officer preventing GOP elected officials and presidential electors from entering the State Capitol building while Governor Whitmer and Democrat electors were allowed in the building. State police, called out by Governor Whitmer, even prohibited delivering paperwork and messages relating to the work of the elected officials and electors.

    https://www.prnewswire.com/news-releases/got-freedom-video-shows-police-preventing-gop-electors-in-michigan-from-performing-lawful-duties-301192474.html

    Tweet
    Donald Trump Jr.
    @DonaldJTrumpJr
    ·
    Dec 15
    We need more of this or the politicians will never ever stop their economy destroying power-grab. Lockdowns aren’t based in science. The politicians & media hacks still supporting them are actively destroying lives, but they don’t care because their paychecks aren’t on the line.
    Quote Tweet

    Jorge Ventura Media
    @VenturaReport
    · Dec 14
    “Are you going to pay my rent ? says owner Anton Van Happen of ‘Nick The Greek’ to public health inspectors issuing him a citation for staying open after being issued a closure order. Things got tense

    https://twitter.com/donaldjtrumpjr/status/1338839056805990407

    1. “What about my employees?”

      “Are you going to pay my rent”

      Representative of the State…

      “Your supposed to make those decisions”

      I wonder how the obedient government worker would respond to the same questions if she was told she was not allowed to go to work or receive a paycheck or any benefits for months?

      2. I wonder how the obedient government worker would respond to the same questions if she was told she was not allowed to go to work or receive a paycheck or any benefits for months?

        Given the exodus of the productive who pay taxes and employ other taxpayers, who may also leave, the probability of that happening increases every day.

        1. Who do you mean by government worker? There are hundreds of thousands of FedGov who hate all this too. Even though they say that it’s the “career” scientists making decisions, their second and third level managers (SES) — who
          often have zero expertise in that specialty — can and will override whatever the staff member says. Oh to be a fly on the wall at FDA when some poor low-down staff member asks about Ivermectin.

    1. Theyve owned the home for 5 decades, but liberated that sweet equity…and they own another house.

      That is irrelevant. All that matters is race. If they were white they would already be evicted and Antifa wouldn’t give a flying fig.

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