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Many Owners Have Just Left Their Keys And Walked Away

It’s Friday desk clearing time for this blogger. “Philanthropist Marcia Riklis is planning to take a hit on the sale of her Upper East Side home. The posh ninth-floor co-op is on the market for $6.35 million. That’s more than $2 million less than the $8.4 million she paid for it back in 2012.”

“‘We estimate that roughly half of the apartment buildings in New York City are losing money. It is simply unsustainable. Without help from the government, or a dramatic turnaround of the economy that increases demand for rental units, there will be a housing crisis in New York City,’ said Jay Martin, executive director of Community Housing Improvement Program. ‘You can argue politics, but you can’t deny the math.'”

“Robert Akhtar owns an 18 unit apartment building in SeaTac. He said cumulatively — his tenants have racked up over 70,000 dollars in unpaid rent. Akhtar said he’s received offers from real estate speculators, but they’re for far less than he feels his property is worth. ‘It gives me sleepless nights, to be honest,’ he said. ‘I’m scared.'”

“Over the past 30 years, Maral Boyadjian has built up a family real estate business consisting of eight homes in Southern California that she and her husband rent out. ‘We’ve been able to pay our mortgages, but we’re really in danger of not being able to on two properties,’ Boyadjian said. ‘This is not sustainable.'”

“Peter Gray, president of Pyramid Real Estate Group in Stamford, Connecticut, is not only a property owner collecting rent on 30 of his own properties, but also a property manager. Some of his landlord clients are having trouble paying him. ‘Usually we’re one of the last ones they stop paying,’ he said. ‘If they can’t pay their subcontractors, they are hurting. I’m seeing landlords who can’t pay for trash removal. We’re getting ‘no heat’ calls. They aren’t paying real estate taxes. They aren’t paying their mortgage.'”

“‘There’s been no other industry here in California that’s been asked to provide their product or service for free,’ California Apartment Association Executive Vice President Debra Carlton said. Carlton said that many rental property owners have just ‘left their keys’ and ‘walked away’ from their property. ‘I think that’s a big concern for [the] Legislature. People [are] even leaving California.'”

“‘The real estate cycle is in the slump phase,’ says Jennifer Hunt, vice-president of research at the Real Estate Investment Network. Hunt points to prices being in a prolonged down-cycle in the city with the benchmark price of a home falling from about $470,000 in 2015 to about $424,000 last month, based on Calgary Real Estate Board data. Just don’t expect an immediate return on investment, says a veteran city realtor. ‘Most investors right now realize they’re not buying for positive cash flow today,’ says John Hripko, owner/broker at John Hripko Real Estate Team with Royal LePage.”

“Landlord Shaftesbury slashed the value of its London restaurants, bars and stores by almost £700 million (S$1.24 billion), as it braces for further pandemic restrictions to hit the capital’s West End. The landlord warned of more challenges ahead, as rent declines spurred a 24 per cent drop in net property income. Vacancy rates have risen disproportionately in Shaftesbury’s portfolio of apartments that sit above its stores and restaurants, chief executive officer Brian Bickell said.”

“Following the capital raise, Shaftesbury has repaid some loans in anticipation of further valuation falls next year. It has also secured waivers from lenders where it is at risk of breaching covenants relating to income cover after rental collections fell. ‘It certainly won’t all be over by Christmas, and may even not all be over by next Christmas,’ Mr Bickell said.”

“Property prices in one of the most expensive real estate markets in India -Mumbai- are cooling off amid pandemic and oversupply of unsold units. Developers in the Mumbai Metropolitan Area (MMR) are offering 10-15% discounts on new launches. Builders who operate in upscale south Mumbai areas such as Parel, Prabhadevi, and Worli said prices have dropped by as much as 20% on new homes in the area. Flats remain unsold in projects which were launched even 1-2 years back.”

“Dozens of rental rooms and houses once occupied by Malaysians working in Singapore have been left empty after the border was closed since March due to the Covid-19 pandemic. Fadhli Ishak, 32, who rents out rooms in two properties here, said that out of the 20 units he has, only three are being occupied. ‘All rooms in the two buildings used to be full before the closure of the border but they’re now all quiet.'”

“Property agent Mohammad Fansuri Md Halim, 30, said that the number of rooms and houses that have been left without tenants has increased by more than half since the movement control order. ‘There is currently an oversupply of rental properties in areas around Johor Baru and Gelang Patah as the target group that used to rent these places are no longer here,’ he said. Another property agent who only wanted to be known as Ong said some customers have also decided to sell off their properties, as they could no longer look for people to rent. ‘I expect the number of people wanting to sell properties to rise in the months to come,’ she said, adding that fewer people wanted to buy property now.”

“The coronavirus pandemic has put Chinese buyers off international real estate, a survey conducted last month by brokerage and investment group CLSA has found. CLSA polled 1,600 respondents in 234 Chinese cities and found that 82 per cent had no intention of buying overseas property in the next 12 months. Souring relations between Beijing and Canberra have made Chinese investors much more pessimistic about buying houses in Australia. ‘Certainly, the recent breakdown in relations between Australia and China does not bode well,’ the report said.”

“Property buyers in Melbourne can expect more bargains than anyone else in Australia, with more than one in 10 home owners offering a discount on the sales price – a number nearly 10 per cent up on this time last year. New Domain figures reveal that 12.7 per cent of vendors in November gave buyers a markdown on the advertised price tag, compared to just 3.7 per cent doing that in November 2019.”

“‘Having been through what we just have, people are more likely to ask a more realistic price from buyers, and meet the market, so agents don’t have to discount. On the other hand, there might be a lot more vendors who are stressed, which would explain why a bigger percentage of properties are being discounted, and buyers might be happy to take the first offer that comes along,’ said property analyst Angie Zigomanis.”

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https://www.youtube.com/watch?v=ncxMjKibLZE https://www.youtube.com/watch?v=RNtHr94Vfjs https://www.youtube.com/watch?v=kQxp3HOS9Qw https://www.youtube.com/watch?v=RBMcVA5PUfk

This Post Has 194 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

      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. ‘Experienced poll workers in Georgia were fired after they blew the whistle on suspicious activity in Fulton County. One had 20 years on the job and another, 9 years. They both said it seems like election officials prefer to hire people with little to no experience rather than experienced workers.’

          ‘Just a few weeks after testifying before Georgia State Senate, three poll workers with decades of experience were terminated with no explanation, only a letter saying that the supervisor has decided not to reappoint them.’

          “Fraud, deceit, abuse of the system and that’s all I was trying to point out to those that are in charge and I’ve been trying to do this [in] more than this election,” said Suzie Voyales, a former poll manager in Fulton County.’

          ‘Suzie Voyales has been a poll manager in Fulton County for 20 years, and this year she spoke out about a number of election irregularities. She said she saw stacks of flat, unfolded absentee ballots marked the same way as if they were copied from one another that went 98 percent for Biden.’

          “Our country was founded on the idea of liberty and personal responsibility. I was thinking back to what the soldiers at Valley Forge went through. They were in the snow, they had dysentery, their feet were wrapped with cloths because their shoes were just totally worn out, they’d been away from their family for over two years and yet they persisted on what they believed was the dream of liberty for all of us, to go on. They were not intimidated and I will not be intimidated,” said Voyales.’

          “And I’m also trying to keep it so that we have a country that those who cannot live in their homelands because things are so oppressive, still have a place to come to for liberty.”

          ‘Another woman who was terminated, Bridget Thorne, testified about a lack of security in the Fulton County warehouse. Thorne said she witnessed a situation where just anyone could print sample ballots, which looked identical to regular ballots.’

          ‘Thorne told NTD in a previous interview that’s odd how elections officials seemed more eager to hire inexperienced poll workers over experienced ones.’

          “And yet for me to get that position I had to send multiple emails. Who do I go to, who’s hiring, this person isn’t responding,” said Bridget Thorne, a former poll manager in Fulton County. “People who are qualified aren’t getting asked to help.”

          ‘Voyales shared her sentiments and said she saw major gaps in training which led to the chaotic scenes many have witnessed in Fulton County. One poll watcher told NTD he was given a suitcase of ballots to take within minutes of being there to observe.’

          “So he offers me a suitcase of ballots. And how little security there is there was freaking me out,” said Hale Souce, a poll watcher in Fulton and Cobb counties.’

          “When they are hiring 17-year-olds who have never even worked a poll, to manage a poll, and they’re all partisan—this sounds like it’s serving a dual purpose,” said Voyales.’

          ‘That’s why Voyales says she’s determined to continue to expose any potential illegal votes or irregularities. She’s in good spirits because she’s doing what she feels is right and encourages others in all other states under investigation to “press on and be honest.”

          https://www.ntd.com/georgia-poll-worker-whistleblowers-get-fired_542018.html

          Get a rope.

          5. Pedo Joe says his crack/meth head son and fellow pedo is the smartest man he’s ever known. This would be laughable but then you have to consider the company he’s been keeping for 47 years.

            Ozero has to be feeling this big right now -><-

          7. Ozero has to be feeling this big right now -><-

            He told Biden not to run. He’s way sharper and wilier than Biden or Harris. Thing is, Biden & Co. are inheriting, and going to reap, the whirlwind with this election “win”. The public is going to blame them for everything that goes wrong these next four years, which I think is going to be a lot. The economy was already cratering before the wuflu.

            Do you really think residential or commercial real estate can manage even to hold to merely this already bad level of crater for the next four years? I think it’s just going to continue to worsen to a point that will dwarf the previous crash.

            Is there even a remote possibility the stock market will hold up another four years? Ha.

            Then the corporate debt bomb will explode.

            Millions upon millions of baby boomers are retiring over the next four years, and what happens to them, their investments, savings, and pensions if everything crashes?

            How are insurance companies going to survive an environment of near-zero interest rates and no ability to make money through real estate or the stock market?

            Then there are the cities going broke, the rapidly rising violent crime, the refusal of DA’s to prosecute, the extreme double standard being played out in all realms of who may be held accountable for every little infraction of a law or bureaucratic rule, and who is being publicly given a blank check to behave however they like without fear of consequences…we could actually be on the verge, in the major cities that hold most of the population, of a rather dystopian nightmare scenario.

            Do you think it’s an accident that leftists are pushing federal anti-lynching laws 50+ years after the last lynching? I don’t.

            There is a good side to all that is happening. No one will ever trust Democrats, leftists, liberals, or globalists again. They are going to be left holding the bag at the worst possible time. Brings to mind people who “win” an auction, only to realize they overbid. Winner’s curse, I think it’s called. Oopsie.

            And as long as the Republican senators win the runoff elections in Georgia, Biden/Harris will not be able to get much of anything done. They’ll just sit there, frozen and helpless as everything burns around them.

          8. going to reap, the whirlwind with this election “win”

            It’s baked in the cake. I thought at first they picked Joe to throw the election, so as not to be held responsible for what is coming.

          9. an accident that leftists are pushing federal anti-lynching laws 50+ years after the last lynching? I don’t.

            What do you think is going on there, as it was the Dems who were doing the lynching?

          10. The public is going to blame them for everything that goes wrong these next four years

            I’m not so sure about that. Sure, the collapse might happen on Harris’s watch, but they’ll just say Trump didn’t prevent it. Or the new race riots were due to Trump planting the seeds of hater. Or the takeover from China was due to Trump not stopping the virus in its tracks, etc. The question is, how many of them can maintain the TDS, and for how long?

          12. What do you think is going on there, as it was the Dems who were doing the lynching?

            These are the new Democrats, which is now the party of the coastal establishment elite.

            Oxide, I’m pretty sure the party holding presidential power during downturns is the one that gets blamed, regardless.

            Redpilled Redhead, yeah, that too. It’s all of a piece, it seems to me.

  2. ‘many rental property owners have just ‘left their keys’ and ‘walked away’ from their property’

    Eat yer crowz Thornberg.

    1. This “mix market” Thornberg assured us was A-okay is starting to look an awful loot like a bursting housing bubble. But Shirley those financial media “experts” I see on my TeeVee screen would alert me if this was the case.

  3. ‘Stanford University professor of medicine Dr. Jay Bhattacharya on Thursday criticized California’s lockdowns as a “failure of imagination and creativity in policy.”

    “The right approach, before the vaccine, is to work to protect the elderly. Those are the people – especially living in nursing homes – are the ones who are at the highest risk of death if they were to get infected by COVID,” Bhattacharya said.’

    ‘He added: “I think the lockdowns are a failure of imagination and creativity in policy. It’s a failure to follow what the science is actually saying about who is most vulnerable.”

    ‘Even months before, health officials were questioning the legitimacy of lockdowns to curb the spread of the pandemic – after previously saying countries should be careful how quickly they reopen. World Health Organization envoy Dr. David Nabarro said such restrictive measures should only be treated as a last resort.’

    “We in the World Health Organization do not advocate lockdowns as the primary means of control of this virus,” Nabarro said in an interview.’

    https://www.foxnews.com/us/california-doctor-calls-lockdowns-failure-of-imagination-as-state-becomes-epicenter-of-outbreak

    They are killing and destroying all these lives for no good reason. Remember that when the ropes come out.

    1. ‘Stanford University professor of medicine Dr. Jay Bhattacharya on Thursday criticized California’s lockdowns as a “failure of imagination and creativity in policy.”

      – He’s right, you know.

      – There are (at least) two direct causes, IMHO:

      1) Power-mad bureaucrats smell blood and are eager to exercise their will to dominate over the masses. If the U.S. Constitution gets tramped in the process, then so be it. This is the road to Socialism. Politicians are in frequent need of being reminded of their oath of office. With threat of capital punishment, if necessary. No consequences, no limits on bad behavior. This is where we are now.

      2) Government, aka the public sector, is ill-equipped for any type of thinking that requires creativity, imagination, innovation, or sound judgement. It’s an animal purely motivated by power, greed, and expanding the bureaucracy as a means to that end. It has no private sector concept of efficiencies, cost effectiveness, or science-based solutions. NY and NYC are perfect examples of bad policy responses to the CCP virus pandemic. There are many, and mostly focused in blue cities and states.

      “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’ ”– Ronald Reagan – 40th president of US (1911 – 2004)  

      “Suppose you were an idiot, and suppose you were a member of Congress; but I repeat myself.” – Mark Twain

      “Politicians are the lowest form of life on earth. Liberal Democrats are the lowest form of politicians.” – General George S. Patton

      “Everything a government touches, turns to crap.” – Ringo Star

      “Politics, it seems to me, for years, or all too long, has been concerned with right or left instead of right or wrong.” – Richard Armour

      “In order to become the master, the politician poses as the servant.”  ~Charles de Gaulle

      2. “Politicians are the lowest form of life on earth. Liberal Democrats are the lowest form of politicians.” – General George S. Patton

        These days he’d be a two star general as the third star requires congressional approval.

      3. Shutting things down everything in California to save us all from COVID-19 is easy…except apparently it kills the economy while not stopping the spread of COVID-19.

        Limiting the spread of COVID-19 while keeping the economy from collapsing is difficult…and Governor Newsom has neither prioritized nor accomplished this objective.

        1. Limiting the spread of COVID-19 while keeping the economy from collapsing is difficult…and Governor Newsom has neither prioritized nor accomplished this objective.

          It’s not difficult at all. You don’t close anything and the vulnerable stay home.

          1. “…It’s not difficult at all. You don’t close anything and the vulnerable stay home….”

            Absolutely!

            That’s common Mr. Ed horse sense which apparently is in short supply in California government at all levels.

            If anything, businesses of all types should be encouraged to *extend* their hours. Why? Simple math will tell you that it would statistically thin out traffic at peak hours, thus lessening chances of random contact.

            My local Ralphs grocery (pre-pandemic) used to be open 24*7. Amazing how many took advantage to shop off hours. Far less traffic, faster and convenient for a lot of folks who work non 8-5 jobs.

          3. You don’t close anything and you hand out a 15-minute paper test to see if you’re contagious. If you are, they give you a dose of Ivermectin to take on the spot, another dose to take the next day, and a 7-day course of doxycycline to take while you stay home. Come back in 7 days to be rechecked. DONE.

          4. the vulnerable stay home.
            My sister caught COVID-19 while she was in a locked-down assisted living facility. Several residents got it within a few days. The source had to have been an infected staff member. While this was going on, an old high school friend of hers had been hospitalized for weeks after a fractured hip. She had had no visitors, just staff. She caught COVID-19 while she was in hospital and died within a few days.

          5. “The source had to have been an infected staff member.”

            Indeed. Odds are that most of the “hands-on” staff in a nursing home are gregarious.

        2. “Governor Newsom has neither prioritized nor accomplished this objective.”

          Perhaps one should consider the possibility that he has a different objective.

      4. “ It is simply unsustainable. Without help from the government,…”

        Government help is what created this mess. Some people never learn.

  4. ‘Akhtar said he’s received offers from real estate speculators, but they’re for far less than he feels his property is worth’

    Now don’t give it away Bob.

    ‘Philanthropist Marcia Riklis is planning to take a hit on the sale of her Upper East Side home. The posh ninth-floor co-op is on the market for $6.35 million. That’s more than $2 million less than the $8.4 million she paid for it back in 2012’

    I guess she is giving it away. That’s a lot of bubble years gone poof!

    I’m covered up with crater. As has happened for a while, there will be a doozy of a CRE post this weekend.

    1. I’m covered up with crater. As has happened for a while, there will be a doozy of a CRE post this weekend.

      You can’t never serve up too much crater, Ben.

  5. Philanthropist Marcia Riklis is planning to take a hit on the sale of her Upper East Side home. The posh ninth-floor co-op is on the market for $6.35 million. That’s more than $2 million less than the $8.4 million she paid for it back in 2012.”

    Compassion, Inc. is a lucrative racket for the Comrades of Proven Worth (D). But remember, Marcia, charity begins at home.

  6. ‘Some of his landlord clients are having trouble paying him. ‘Usually we’re one of the last ones they stop paying,’ he said. ‘If they can’t pay their subcontractors, they are hurting. I’m seeing landlords who can’t pay for trash removal. We’re getting ‘no heat’ calls. They aren’t paying real estate taxes. They aren’t paying their mortgage’

    This guberment “everybody stop paying everything” was a dumb fantasy move all along. If we had ignored these treasonous globalists, we’d be past this thing by now.

  7. “‘We estimate that roughly half of the apartment buildings in New York City are losing money. It is simply unsustainable. Without help from the government, or a dramatic turnaround of the economy that increases demand for rental units, there will be a housing crisis in New York City,’ said Jay Martin, executive director of Community Housing Improvement Program.

    This isn’t a housing crisis. It’s a speculator crisis. The sooner these apartment buildings go under the foreclosure auctioneer’s hammer, the sooner they can emerge at a new, more realistic price point to serve as affordable housing. If a bunch of speculators get burned in the process, tough luck. You gambled and lost.

    1. Even the folks living in multi million dollar apartments want a government bailout…

      We are all in this together!

  9. Akhtar said he’s received offers from real estate speculators, but they’re for far less than he feels his property is worth.

    Regret to inform you, Akhtar, that hard data and comps, not feelings, are what determine market value.

  10. ‘Usually we’re one of the last ones they stop paying,’ he said. ‘If they can’t pay their subcontractors, they are hurting.

    But…but…V-shaped recovery!

    1. Townhall — Record Jump in U.S. Poverty Amid Never-Ending Lockdowns (12/17/20):

      “a new study analyzing income and poverty amid the coronavirus pandemic found that nearly 8 million Americans fell into poverty over the Summer. According to James X. Sullivan, one of the study’s authors and a professor at Notre Dame, it’s the largest jump in poverty during a single year since the government first began tracking poverty 60 years ago. It’s also close to double the second-largest rise in poverty, the oil crisis of 1979 and 1980.

      Globally, it’s estimated the coronavirus pandemic will push as many as 150 million people into poverty by the year 2021, according to estimates by the World Bank.

      Poverty is one thing. Crushed dreams, despair, substance abuse, suicides, missed checkups, missed cancer screenings, deteriorating mental health, the loss of education, and rising crime rates are among the many others. At some point, the lockdown cure is worse than the disease.”

      https://townhall.com/tipsheet/bronsonstocking/2020/12/17/neverending-lockdowns-lead-to-record-jump-in-us-poverty-n2581757

  12. Portland protesters lift blockades from ‘occupation zone’ after it was revealed evicted family they were standing up for hadn’t paid their mortgage since 2017 and claimed they were citizens of a ‘sovereign nation’

    ‘The Kinneys lost their home due to financial reasons. In January 2017, they stopped paying their mortgage after not missing a payment over the course of the previous 13 years.’

    ‘The family took out a $96,300 mortgage against the home in May 2002, when Julie Metcalf Kinney and her husband, William Kinney Jr, needed money to pay the legal costs for their son William Kinney II, who also goes by the name Nietzche.’

    ‘The son, who was 17 years old at the time, was facing charges of manslaughter, reckless driving, and felony hit and run after he ran a stop sign while speeding and slammed into another vehicle, killing an 83-year-old man and seriously injuring his wife.’

    ‘William II ended up pleading guilty to related charges. He told OregonLive that his legal fees amounted to $26,000, but the family borrowed more than that.’

    ‘The loan they took was also quite expensive as the interest rate – 8.25 per cent – was well above the 6.8 per cent average for 30-year fixed rate loans that were the norm at the time.’

    ‘In 2004, the Kinneys refinanced with another subprime lender that charged a 7.74 per cent interest rate, two points higher than the average 30-year fixed rate loan at the time.’

    ‘The family kept making their monthly payments until late 2016, when they received a notice that their loan was transferred to another creditor. The Kinneys said they were confused since they were told to make their mortgage payments to another collector, a common practice in the lending industry.’

    ‘From that point on, the family stopped paying altogether.’

    ‘As the date of foreclosure neared, William II sent a bizarre letter to the lender signed by his mother, ‘Julie Anne, house of Metcalf Kinney, Sovereign living soul, holder of the office of “the people”.’

    ‘The letter stated that Julie was ‘a declared living American sovereign standing with Treaty Law of God’ and that the lender had no jurisdiction ‘without an international treaty within My republic state’ and that the company was not chartered to do business in Oregon ‘by My republic state.’

    https://www.dailymail.co.uk/news/article-9062661/Red-House-protesters-lift-blockades-Portland-occupation-zone-standoff-police.html

    These people are insane.

    2. “…a declared living American sovereign standing with Treaty Law of God…”

      Do they also have an airspace restriction?

    3. These people are insane.

      And these idiots don’t even owe $200,000, yet can’t pay it. All this $600,000 starter shack nonsense is gonna blow – BIGTIME.

      1. And these idiots don’t even owe $200,000, yet can’t pay it.

        I remember when a 200K mortgage was considered a BIG mortgage.

    4. The underlying message here is pretty important: It’s one thing to lose your house because of a COVID lockdown. But if you try to cheat or take property that is clearly someone else’s, even Antifa won’t stand up for you.

      When the Chinese come for Antifa’s stuff, do you think Antifa will go along with “owning nothing and being happy?” My guess is no.

    5. “Julie Anne, house of Metcalf Kinney, Sovereign living soul, holder of the office of “the people”.’

      HoLee Phuck!!!

      Friggin psychopaths LMFAO…..

  13. ‘It gives me sleepless nights, to be honest,’ he said. ‘I’m scared.’”

    There there, Robert. You can take comfort from the fact we’re all in this together.

    Oh, wait…actually, we’re not. But I will strive to feel vicarious stress for all you speculators from my lawn chair as I repose serenely in my comfy and reasonable rental house.

  14. ‘We don’t get unemployment’: Landlords are running out of money

    ++++

    If landlords are struggling, tenants will also be affected as home maintenance slides.

    “I’m seeing landlords who can’t pay for trash removal,” Gray said. “We’re getting ‘no heat’ calls. They aren’t paying real estate taxes. They aren’t paying their mortgage.”

    He said one property his company manages had a plumbing problem that cost around $38,000. The owner did not pay the bill.

    “We had to get an attorney involved and say we would no longer do maintenance or repairs for them,” he said. “We paid $38,000 for repairs and they’d like to owe us one?”

    For the typical landlord in trouble, which he said is someone who bought their property in the last five years and is leveraged to the hilt, there are no reserves.

    https://www.wcvb.com/article/landlords-are-running-out-of-money/35003736

  16. ARod thinks businesses are run like the major league baseball.

    No matter how many times you lose or how badly you perform – you still get a massive paycheck in a billion dollar taxpayer built stadium.

    The real world doesn’t work that way.

    ++++

    A-Rod is getting into the hospitality industry with a new $650 million hotel venture

    “There’s a growing demand from consumers who are looking for value beyond the experiences they want to have,” he said. “They want to know where their dollars go, are they making an impact in the communities around the hotels and if the hotel is being a responsible steward of the community and giving back.”

    https://www.miamiherald.com/news/business/real-estate-news/article247777765.html

    1. I travelled from Syracuse to Cincinnati and counted how many hotels were at each exit along the highway. We discovered there were at least 2 but in most cases 4 or more hotel properties. Yes each exit along the highway. That is about a 600 mile drive.
      Supply and demand does not add up here
      Just my humble opinion.

      1. Theyve been going up everywhere in the remotest locations… thousands of them. Been going on for 5 years at least.

        1. I drove on Genesee Street from Albany to Buffalo along small towns and Main Streets in NYS. Agreed hotels, shopping centers, grocery stores, car dealers, coffee shops, Gas stations, small restaurants and not many employer that offer plenty of bread winning jobs Depilated houses along the way.

          It’s depressing

      2. 3 May 2017

        Which US hotel markets are on the bubble?

        As the hotel industry continues on the path toward a downturn, it’s time to begin looking at warning signs for which markets are poised to experience a large drop.

        By Jack B. Corgel, Managing Director, CBRE Hotels’ Americas Research
        share this article

        At a recent gathering, I was involved in a group conversation with hotel property investors who agreed that they have been “choking on the numbers” in certain U.S. hotel markets. Stated differently, their spreadsheet models explode once either acquisition prices or development costs are entered to evaluate hotel opportunities, especially in red-hot markets.

        They asked, “Should we pay such high prices now, given that the boom may turn into a bust?” As a college professor, I offered the standard response: “It depends, what do you think?” As a hotel market forecaster, I promised to think and write about hotel property market bubbles with regard to their questions, and likely those of others, about current pricing in local markets.

        Boom and bust experiences over the past few decades—with tech stock prices and housing prices, for example—have generated an avalanche of books and articles about short-term, extraordinary asset pricing volatility. A summary of these writings appears as follows:

        The grand debate centers on whether asset price bubbles either emerge from rational responses to fundamental stimulants by market participants or from irrational behaviors, such as sentiment and over-optimism, not directly related to fundamentals (see surveys by Glasser and Nathanson, 2014; and Mayer, 2011).
        The other grand debate involves measurement. The time-honored definition of a bubble is when asset prices markedly depart from fundamental values. The analysis machinery becomes clogged when trying to deal with the term “markedly depart” and further challenged with attempting to compute “fundamental values.” Hence, no firm conclusions have been reached about how to detect bubbles ex ante. Ex post detection is far easier, in some cases like a slam dunk into a five-foot-high basket!

        https://www.hospitalitynet.org/opinion/4082501.html

  17. “Landlord Shaftesbury slashed the value of its London restaurants, bars and stores by almost £700 million (S$1.24 billion), as it braces for further pandemic restrictions to hit the capital’s West End.

    Oh dear. But what’s that going to do with the securitized collateral underpinning the loans on those establishments? And as trillions in fake Yellen Bux valuations evaporate worldwide, when are we going to start seeing things like “credit event” and “liquidity crunch” that herald a full-blown financial crisis ahead?

  18. Any thoughts on why Mr. Market is having such a rough Friday?

    Could it possibly be connected to the part of corona stimulus negotiations related to the Fed’s discretion to bail out the financial system with easy money loans?

  19. It’s not an investment if it doesn’t cash flow or have a positive ROI.

    IT IS SPECULATION. Or gambling.

    ‘Most investors right now realize they’re not buying for positive cash flow today,’ says John Hripko, owner/broker at John Hripko Real Estate Team with Royal LePage.”

    1. I know. It’s amazing how this gets overlooked. Prices have been falling in Calgary for 6 years, and it still doesn’t cash flow? There’s more BS regarding this. The media will say, ‘rents are way down in Toronto, so the condos don’t cash flow.” But these same media admitted before the CCP virus that those condos didn’t cash flow but boy were they cleaning up on resales! Years ago, I got interested in multi-family and looked into the market. It became apparent that many if not most of the new apartment construction in the US was losing money day one. Despite that apartment construction was at a 40 year high in the US, a 60 year high in Boston, and a 70 year high in San Francisco. It was madness.

      1. Despite that apartment construction was at a 40 year high in the US, a 60 year high in Boston, and a 70 year high in San Francisco. It was madness.

        They were building these to flip. Just like in the last bubble but instead of flipping houses, they are now trying to flip apartments. Not going to end well.

    1. Back in my pre-rehab days I used to burst into a version of that song on the job.

      It went like this…

      Yeah they were dancin’ and singin’ and movin’ to the groovin’
      And just when it hit me somebody turned around and shouted
      Mammy’s little baby loves shortnin’, shortnin’,
      Mammy’s little baby loves shortnin’,bread,
      Put on the skillet, put on the lead,
      Mammy’s gonna to make a little short’nin’ bread;

  21. Governor Mike Huckabee has asked that we share this from Newt Gingrich: “I’ve been active in this since 1958; that’s 62 years. I’m the angriest I have been in that entire six decades. You have a group of corrupt people who have absolute contempt for the American people, who believe that we’re so spineless, so cowardly, so unwilling to stand up for ourselves that they can steal the presidency, and we’ll wring our hands, bring in a few lawyers, and do nothing. “My hope is that President Trump will lead the millions of Americans who understand exactly what’s going on: [that] the Philadelphia machine is corrupt, that the Atlanta machine is corrupt, the machine in Detroit is corrupt, and they’re trying to steal the presidency, and we should not allow them to do that. “First of all, we should lock up the people who are breaking the law. You stop someone from being an observer –- you just broke federal law. You hide and put up paper so nobody can see what you’re doing –- you just broke federal law. You bring in ballots that aren’t real –- you just broke federal law. “I am sick and tired of corrupt left-wing Democrats who believe that we are too timid and too easy to imtimidate, and therefore they’ll just go out and steal it…You are watching an effort to steal the presidency of the United States, and this is not about Donald Trump. This is about the American people, [who] have the right, in an honest election, with honest, legitimate ballots, to pick their leader. Or are we now just sheep, to be dominated by the high-tech businesses, the news media, and the various political machines?…This is a crisis in the American system, comparable to Washington on Christmas Eve or…Lincoln at Gettysburg. This is a genuine, deep crisis of our survival.” Gingrich said that in any precinct in which Republicans were not able to observe, the votes should be taken back –- “strip those votes out, do not count them, because they’re by definition corrupt.”

    2. “…and this is not about Donald Trump. This is about the American people…”

      I agree with most of this paragraph, but not this line. It’s all about DJT and keeping him out of the White House.

      2. We didn’t send him to the White House because we admired him. We sent him because we believed he would represent us. He did. It’s all about keeping me and others like me out of government.

        I admire him now.

  22. Are you ready
    Are you ready
    Are you ready, ready

    Are you ready for some Lockdowns?

    A Corona virus party
    Hey, this is Reuters and AP
    Ready to get the thing started
    We got your kids hunkered down
    So just turn out the lights
    Cause’ all your rowdy friends will be in Lockdown tonight

    Reuters
    @Reuters
    ·
    Dec 17, 2020
    Replying to @Reuters
    Wuhan hasn’t reported a new locally transmitted case of the disease since May 10, after undergoing one of the strictest lockdowns worldwide 5/6

    Reuters Celebrates Maskless Partygoers Living it Up in Wuhan

    by Paul Joseph Watson
    December 18th 2020, 7:40 am

    A Reuters photo essay celebrates how residents of Wuhan are enjoying nightclubs and street parties without the need for masks or social distancing even as much of the rest of the world continues to labor under lockdown.

    The article notes how young people living in the original epicenter of COVID-19 are now frolicking around in crowded beer halls and other venues.

    https://www.infowars.com/posts/reuters-celebrates-maskless-partygoers-living-it-up-in-wuhan

    1. Lead story on the Sun-Sentinel website right now.

      South Florida parties on: No mask, no distancing, no problem inside bars and clubs:

      “This week, Gov. Ron DeSantis was in West Palm Beach forcefully defending the state’s hospitality industry from restrictions being enacted in other states, saying “the vast, vast majority of infections are occurring in peoples’ homes.”

      The governor’s comments stood in stark contrast to a report from the White House Coronavirus Task Force made public on Saturday that recommended swift action from Florida officials in the face of surging numbers of new COVID-19 infections.

      The report specifically asked for limits on indoor dining and bar capacity, and stricter enforcement of mask policies.

      A few days before DeSantis made his comments, a fortnight before Christmas, astonishing scenes of irresponsibility were playing out in bars and clubs big and small across South Florida. A weekend tour found social distancing is nonexistent, capacity restrictions are ignored, mask rules are a joke.

      Standing outside Amsterdam in Hollywood, one new South Florida resident said that’s why he moved here, calling it a “free-for-all.”

      https://www.sun-sentinel.com/entertainment/restaurants-and-bars/fl-et-ss-prem-covid-south-florida-bars-clubs-20201217-sr73yeuhundrzpcawyuzn7bxsi-story.html

      I have yet to hear any logical explanation of how that with California being under the strictest lockdown in the country, the trajectory of “cases” is the same as in Florida which is open.

      There was a Reddit thread on /r/coronavirus about this article, the bedwetting, pearl-clutching comments on it are nauseating.

  23. “‘We estimate that roughly half of the apartment buildings in New York City are losing money. It is simply unsustainable. Without help from the government, or a dramatic turnaround of the economy that increases demand for rental units, there will be a housing crisis in New York City,’ said Jay Martin, executive director of Community Housing Improvement Program. ‘You can argue politics, but you can’t deny the math.’”

    ‘Housing crisis’ = ‘We are losing our shirts here and pandering for a personal bailout.’

    1. SCOTUS spokesperson is disputing this, saying SCOTUS has been conducting its conferences remotely by phone since March when the building closed due to the pandemic.

        1. It should be relatively easy to confirm if the court met in person or had a teleconference. Lying about that would be really stupid.

  25. Boots on the ground in Lake County, IL. Prices have not come down yet. Have never seen so many new listings this time of year. Anything moderately priced goes under contract in days…

    2. is that considered a Chicago outer burb? In that case, yes there would be more demand for professionals that want to continue working remotely.

      But i suspect that by mid-2021, folks that want to move will have done so.

  26. The only reason the globalists have been able to keep a lid on the people amid this massive election steal is through their “orange man bad” divide and conquer rhetoric. If these sheep hadn’t bought into that narrative, these pukes would be fleeing the country right now. Instead, the idiotic lemmings are plunging off the cliff without so much as a thought that something is amiss.

  27. “Over the past 30 years, Maral Boyadjian has built up a family real estate business consisting of eight homes in Southern California that she and her husband rent out. ‘We’ve been able to pay our mortgages, but we’re really in danger of not being able to on two properties,’ Boyadjian said. ‘This is not sustainable.’”

    – Rent deferrals for renters, but no mortgage forbearance for landlords. The government is picking winners and losers, based mostly on politics.

    – The pandemic is a force majeure event, IMHO, but unfortunately, unless contracts have a force majeure clause, there’s no recourse from meeting financial obligations as per the contract (e.g. rental agreement, mortgage loan, etc.). Serious can-kicking is going on now for renters as the State and local governments pander to their base, while the “bad old landlords” take it on the chin. Free market capitalism at its finest. /s Will rent deferral end in 2021? If not, then what happens when the landlords go BK, which they will soon. In any case, rent deferral is not forgiveness, and so the back rents are still due at the end of the deferral period. Same for mortgage payments under mortgage forbearance. There’s no real solution without somebody receiving payment forgiveness, IMHO. Let’s hope it’s not the taxpayer via a bailout here, but based on previous experience, that’s likely going to happen.

    “Trees don’t grow to the sky.” – German Proverb

    Stein’s Law: “If something cannot go on forever, it will stop.” – Herbert Stein (1916-1999), Economist

    https://en.wikipedia.org/wiki/Force_majeure

    “Force majeure (erroneously called a force majure) is a common clause in contracts that essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war, strike, riot, crime, epidemic or an event described by the legal term act of God, prevents one or both parties from fulfilling their obligations under the contract. In practice, most force majeure clauses do not excuse a party’s non-performance entirely, but only suspend it for the duration of the force majeure.”

    – We’re experiencing a “K-shaped” recovery; in both employment and housing. Single family housing (SFH) is booming, due to the upper part of the K higher-income cohort doing well along with record low mortgage rates (a new low almost every week). Multi family housing (MFH) is sucking due to rent deferrals and mass exodus from cities. I see MFH and office CRE as a giant dumpster fire. SFH prices are bubbling up due to continually falling rates, since prices rise as rates fall. The SFH bubble has been percolating since about 2010, it’s now in the terminal phase; dependent on continually falling rates.

    – The Fed is determined to keep both the stock market and housing bubbles inflated at all costs, and I do mean all, judging from their balance sheet, including continuing MBS purchases. Everyone has been conditioned now for endless bailouts by the Fed. Any reduction in the financial heroin will lead to serious withdrawal effects on the investor/addict, but without treatment/detox, there’s no recovery, with death the likely outcome.

    – The Fed is stuck here: Continued stimulus/money printing/debt monetization to keep assets in the stratosphere, or withdraw it, resulting in a major economic depression due to price discovery in these asset classes. So, the choice for the Fed is: continued printing, with ultimate Weimar Republic/Zimbabwe/Venezuela outcome, or depression. This is analogous to John Law and the Mississippi Bubble, which essentially destroyed the French economy and led to the French revolution. I don’t see the situation today as any different. They crossed the Rubicon when they failed to normalize their balance sheet. The end game is now baked into the cake. Either way, only bad outcomes are possible.

    As if the current housing bubble isn’t inflating fast enough…

    https://files.consumerfinance.gov/f/documents/cfpb_atr-qm-final-rule-amendments_executive-summary_2020-12.pdf

    December 10, 2020

    “Executive Summary of the December 2020 Amendments to the ATR/QM Rule1On December 10, 2020, the Consumer Financial Protection Bureau (Bureau) issued two final rules amending the Ability-to-Repay/Qualified Mortgage Rule (ATR/QM Rule). These final rules are:”

    “General QM Final Rule: The General QM Final Rule replaces the existing 43 percent debt-to-income ratio limit in the General QM definition with price-based thresholds and makes other changes to the ATR/QM Rule as discussed below.”

    – As if a DTI of 43% isn’t high enough! Must keep the housing bubble inflated. Check! Must keep debt growing in our debt-based economy. Check! No limits, no shame. Check. Consumer Financial Protection Bureau = oxymoron. Desperate times, desperate measures.

      2. My county just spent a quarter million of CARES act funds to renovate a skatepark. Homeless encampments everywhere, cars of people waiting for hours every week for food to be handed out, but apparently “Shredding the gnar” was a higher priority. Oh, and a rock climbing wall.

        That said, when the renovation is done I will enjoy benefitting from some of the money sucked out of me via taxes, inflation and corruption.

    2. So, the choice for the Fed is: continued printing, with ultimate Weimar Republic/Zimbabwe/Venezuela outcome, or depression.

      That was the choice 12 years ago. They made their choice. I don’t think they can change their minds now, because door number 2 is now something so bad we won’t even look behind the door any more.

      1. what i cant figure out is why we are not really seeing inflation yet. Even with the kooky govt basket inflation measurements, we should be seeing impacts.

        1. what i cant figure out is why we are not really seeing inflation yet.

          Didn’t we already see it in real estate and stocks?

          1. Are you making twice as much money as you did a short time ago?” Good point.

            Technology and globalization of work keeps wages down while tons of money flying into assets makes prices zoom up. Been going on for some time and now add the virus …

      2. “…because door number 2 is now something so bad we won’t even look behind the door any more….”

        No worries.. $400,000 bitcoin is to the rescue.

        Better load up now, ’cause they aren’t making any more … landland, err, I mean bitcoin.

    4. “The government is picking winners and losers, based mostly on politics.”

      Property owners with equity and mortgage balances are going to obey the authorities. Renters don’t have anything to lose, so the governors, mayors and police chiefs are fearful that they’ll riot en-masse and burn everything to the ground if they’re pushed out in the street.

      1. I’m a renter. I’m also a law-abiding citizen that respects the property and rights of others, and has no problem obeying lawful authority. If I ever get “pushed out into the street” I’m not going to riot or disrespect other people’s property. I will find a way to put a roof over my head, somehow, and do it legally.

        1. “I’m a renter. I’m also a law-abiding citizen…”

          Oops, forgot the ambiguity.

          *Many renters don’t have anything to lose…

    5. The Fed is determined to keep both the stock market and housing bubbles inflated at all costs, and I do mean all, judging from their balance sheet, including continuing MBS purchases.

      How are MBS priced? If 5 or 10 or 15 or 20% of the mortgages are not being paid, how soon is the MBS notified/updated by the servicer.

      Unlike the financial crisis, there Fed does not seem to want to enforce a significant haircut on the assets they are buying. So sometime in 2022,23 – they will start showing losses on the balance sheet – is that correct?

      1. “How are MBS priced?”

        – IDK, but they’re buying MBS at ~$40B per month, which is dropping mortgage rates.

        – This guy knows a lot more than I do.

        https://twitter.com/CNBCFastMoney/status/1336801936323080192
        CNBC’s Fast Money
        @CNBCFastMoney
        With mortgage rates at record lows, @bleakleygroup
        ‘s CIO @pboockvar
        questions whether the Fed is propping up the housing market. He shares his thoughts.

        “Is Fed Propping Up Housing?”

        3:36 PM · Dec 9, 2020·Wildmoka

  29. “Over the past 30 years, Maral Boyadjian has built up a family real estate business consisting of eight homes in Southern California that she and her husband rent out. ‘We’ve been able to pay our mortgages, but we’re really in danger of not being able to on two properties,’ Boyadjian said. ‘This is not sustainable.’”

    Everybody’s a SoCal real estate magnate. Until they’re not.

    1. Over the past 30 years

      Meaning that most of those properties should be paid for and didn’t cost a lot. But I’m gonna bet that there has been plenty of equity extraction over the years. Of course, now they aren’t cash flowing anymore, and I’ll bet Maral doesn’t have a real job or any marketable skills.

    2. the huge impact will be govt regulations – will eviction pauses continue through 2021? Will there be any ramifications for past due rent.

  30. Gotta love this question for job position: If outside of the San Francisco Bay Area, do you want to relocate to the Bay Area with limited relocation assistance? *

    Move my family on my dime to an expensive maladministered region with strong CCP ties? Sign me up!

    1. I think the answer everyone should give is “I’m willing to come on site for a few months to get up to speed. But move my family there? No.”

        1. Yeah, I know, I’ve worked there. But it’s only non-negotiable if there’s a line of people who won’t say the same thing. And that’s why they loved H1Bs. Take that option away and negotiations get much more interesting.

          1. And that’s why they loved H1Bs.

            I’d be surprised if any H1Bs are admitted to the USPTO and a state bar. In my field, companies will employ patent agents to practice law without a license.

          2. I’d be surprised if any H1Bs are admitted to the USPTO and a state bar.

            When it said San Francisco I just assumed tech…

          3. With all this w@h, why do you need H1-Bs at all? Just keep them in India and ask them to work night shift over there. You could pay them even less.

          4. South SF has quite a bit of biotech/pharma. It’s nice to see VCs investing in the industry again.

          5. With all this w@h, why do you need H1-Bs at all? Just keep them in India and ask them to work night shift over there. You could pay them even less.

            Sure. As long as there are no communication or cultural or productivity issues it’s the perfect plan. I’m sure some are thinking very seriously about it. We have an H1B that had some kind of visa issue and had to go back to India and we’re trying really hard to keep him employed as a full time USA-based employee working remotely and for some reason it’s turning out to be much more difficult than you would think. I’m not privy to the details but my manager is pulling his last hairs out over it for some reason.

          6. for some reason

            Unless the H1B is irreplaceable, which I doubt he is because most employees, including VPs, CEOs and founders, are fungible, your manager is bringing it on himself.

          7. your manager is bringing it on himself

            He tries to be a nice guy and not just toss people overboard when something inconvenient happens. A little unusual, I’ll admit.

    2. This is going to be very interesting with full remote working vs partial wfh (2-4 days from home).

      Seattle high tech seems to be saying that they will not pay for travel expenses in 2021 if you are living remotely. I believe that Amazon saved $1B in travel expenditures – and MSFT a similar amount so far in 2020.

        1. I thought that was just Larry that could work from his private Hawaii island 🙂

          Just joking – my BIL works for Oracle (out of Denver). He was peeved at the email Larry sent you guys.

        2. The big boy owns an island so why not . God knows what will happen to us when the deal goes through and we are bought by a company that sounds like a comic book label.

    3. Move my family on my dime to an expensive maladministered region with strong CCP ties?

      So they want you to rent a UHaul and move yourself there, and they might chip in to help with rental fee?

      I guess all those bay area “start ups” are having to count their pennies.

    1. I think Roberts is compromised, but I don’t think that’s him in the second picture. The ears on that guy don’t look as big as Roberts’ ears in the first picture.

    2. “YES, THAT’S BILL CLINTON JUST TWO PERVERTS DOWN FROM ‘HIS HONOUR’ JOHN ROBERTS. WHAT WAS ROBERTS DOING ON ‘ORGY ISLAND’ WITH BILL CLINTON AND JEFFREY EPSTEIN’S UNDERAGE GIRLS?”

      I’m 61 and I am pretty GD sure that is the first time I have ewer seen or heard ” JUST TWO PERVERTS DOWN FROM” in my life.

    1. I would prefer that we not send armed forces into Mexico. If there is anything that would united\ Mexicans, from the drug cartels to the “man in the street”, it would be an American intervention/invasion.

      Finish building the wall, post armed guards on it and let the Mexicans solve their own problems.

        1. Caring about your neighbor is a fundamental duty, the way I see it. It’s also enlightened self-interest to help Mexico and the Mexican people when we can. I’ve spent enough time in Mexico to know that most of them are good, decent people. Also far more polite than most Americans.

          1. Also far more polite than most Americans.

            And that’s a big part of why the blue state professionals like employing the visa-challenged under the table so much more than the local stock of Scots-Irish types.

      2. The speculation is that CCP is going embed themselves in Mexico and/or Canada and invade the US from there.

          2. Castro Jr.

            That’s a fun rabbit hole. Margaret Trudeau is rumored to be Madame X in one of DJT’s books.

      3. I disagree with this. For reasons of symmetry, we need to invade and conquer baja, in order for the west coast to be symmetrical with florida . This is an argument stemming from natural beauty.. symmetry is naturally beautiful.. therefor we must invade…

        It’s kind of like, “if the glove don’t fit, you must acquit..

        To match the shore, we must start a war!

        1. Most of Baja makes Southwest US look like the tropics – arid as it gets. If we take Baja we need to take Vancouver Island to match the northeast (symmetry thang) and secure more water.

          I said years ago we should buy or more likely lease vast swaths of mexico for manufacturing. Keep them there, but still create a lot of business opportunities.

    2. “The fact that we’ve wasted trillions on phony wars in the middle east yet allow this on our southern border is inexcusable.”

      Mexicans are not gawd’s children.

    3. Isn’t it true that if Biden get in he can order a Federal lockdown and a Federal Mask wearing mandate.?
      Look, I’m expecting that Biden is going to do this if he gets in. He’s just a treasonous Puppet.
      Bill Gates saying that 70% of the population needs to be vacated is not what the Science says.
      People just have to say NO to this bogus power grab and whatever these sinister forces want to usher in under the guise of this Medical hoax.

      1. China Joe won’t have to order a big lock down, at least not for long. At the same time we are starting vaccinations, we’ll be ordering testing labs to cut the amplification cycles on the PCR tests to what they were intended to be. “Cases” will drop like a rock.

        The political crisis will be over!

        Cough, cough.

      2. It violates the 10th Amendment like nobody’s business, but pedo Roberts is all scared of mostly peaceful protests. So, short answer is “yes.”

  35. “Ocasio-Cortez was passed over for Kathleen Rice on Energy and Commerce Committee by secret ballot, 46-13.”

    Just shocking that progressives were [used] by the democrats! 🙂

  36. When are the Politicians on both sides going to see the error of their sell outs and reverse their positions? As it stands now all these treasonous bums need to be thrown out and we need to start from scratch again. To much of a Swamp of Traitors and nut cakes and Commies now. A total purge is necessary. Senators and Congressmen were never meant to be long term positions anyway, so term limits are needed. So I’m wondering if 75% of the States could vote for this, because these Vipers aren’t going to vote for term limits on themselves. This is part of the reason they became so corrupted. But, God knows what these creeps are going to do coming up to insure they retain power.

    1. OMG, I just saw on TV. news in California that 1in 5 convicts has Covid-19. So, what do you bet prisoners are going to be freed while law abiding Citizens continue to be locked down.
      I pay attention to the narratives the fake news starts because usually it doesn’t take long for them to act on the narrative.
      It’s like you know way ahead of time what their next move is.

      1. A “transgender child” is as real as a vegan cat.

        Notice how this wasn’t a thing 20 years ago before social media? Single moms wouldn’t be so enamored with castrating their sons without infinite likes and re-tweets.

        We are at Weimar level degeneracy with this now.

        2. Evidently, coming out as LGB is old hat, so the community raised the bar? Kinda harsh, but I’m pretty sure that a good portion of the T aren’t really T.

  38. ‘Most investors right now realize they’re not buying for positive cash flow today,’ says John Hripko, owner/broker at John Hripko Real Estate Team with Royal LePage.”

    Die, speculator scum.

  39. Breaking news: NASA researchers using quantum computers have determined that a mysterious radio signal emanating from the Proxima Centauri was a message from an advanced civilization in a distant galaxy: “Realtors are liars.”

    Alien hunters are investigating a mysterious radio signal from our neighbouring star Proxima Centauri – causing the biggest excitement since the ‘Wow’ signal in 1977

    https://www.dailymail.co.uk/sciencetech/article-9067117/Alien-hunters-carefully-investigating-mysterious-radio-signal-Proxima-Centauri.html

  40. MI Sec of State Official Caught On Video Telling Volunteers To Count “Multiple Ballots with the very Same Signature” During “Audit” Of Votes In Antrim County

    https://www.thegatewaypundit.com/2020/12/mi-sec-state-official-caught-video-telling-volunteers-count-multiple-ballots-signature-audit-votes-antrim-county/

    Constitutional Attorney Matthew DePerno is an American hero. Two weeks ago, Michigan 13th Circuit Court Judge Kevin A Elsenheimer agreed to allow Mr. DePerno’s client, William Bailey, and a highly skilled team of IT experts to perform a forensic examination on 16 of the Dominion voting machines in Antrim County. On Monday, Judge Elsenheimer agreed to allow the results of the forensic examination to be released to the public. The results were damning.

  42. “two of their five deaths related to COVID-19 were people who died of gunshot wounds.”

    Grand County Coroner Raises Concern On Deaths Among COVID Cases

    By Danielle Chavira
    December 15, 2020 at 8:28 pm

    GRAND COUNTY, Colo. (CBS4) – The Grand County coroner is calling attention to the way the state health department is classifying some deaths. The coroner, Brenda Bock, says two of their five deaths related to COVID-19 were people who died of gunshot wounds.

    “It’s absurd that they would even put that on there,” she said. “Would you want to go to a county that has really high death numbers? Would you want to go visit that county because they are contagious. You know I might get it, and I could die if all of a sudden one county has a high death count. We don’t have it, and we don’t need those numbers inflated.”

    https://denver.cbslocal.com/2020/12/15/grand-county-covid-deaths/

    2. “It’s absurd that they would even put that on there,”

      We shouldn’t be surprised about this in the slightest. We discussed in the spring how the CDC changed the rules to make this the system to be followed.

      There are billions of dollars being made by the right people. The rest of you just sit down and shut up!

    3. “two of their five deaths related to COVID-19 were people who died of gunshot wounds.”

      They were dying of COVID, the gunshot just accelerated it. LOLZ.

  43. (Bloomberg) — Property investors are about to discover just how much the global fallout from the coronavirus pandemic has spread from deserted and cast-off buildings to their bottom lines.

    Hundreds of corporate executives tracked in earnings calls around the world in the past five months addressed the urgency to cut real-estate costs, according to an AI model trained by Bloomberg to scour transcripts. Tactics include cutting office space, accelerating branch closures, renegotiating rents on warehouses and even shutting data centers.

    In 4,767 global earnings calls between July 21 and Dec. 8, about one in eight machine-generated transcripts revealed that firms were rethinking their real estate needs, with many on track to save millions of dollars in the process.

    While the pandemic has squeezed landlords and clobbered securities linked to commercial real estate, the damage to cash flows stands as the long-tail risk for investors. In an estimated $10 trillion global pool of properties held for investment purposes, the industry’s main sources of capital — pension funds and insurance firms — count on the steady income to pay for their own long-term commitments.

    “That’s the key rationale for buying real estate. Most landlords are in effect pension and insurance funds and ultimately that’s who is going to be paying for it,” said Adrian Benedict, head of real-estate solutions at Fidelity International in London. “If the whole central tenet of security of income is undermined through this crisis, you are storing up a world of trouble.”

      1. I can’t understand what good real estate will be if we do get that 500 million population world

        I think the plan is that flyover (on any continent) will simply be abandoned, except maybe for some farming and mining.

    1. Soros planted all of these state attorneys. He stacked them everywhere. This isn’t by accident, it was methodical.

    2. Does anyone else think about how *fast* this is all being pushed on us? I was still in college on 9/11 and heard about it live on Howard Stern, on the radio. A few years later Hunter S. Thompson wrote “big darkness, soon come” then he went in his kitchen and blew his brains out.

      A courtroom, a trial, a jury, and a verdict. Then the defendant gets roped up on the courthouse front lawn, like it’s the 1850’s…

      1. how *fast*

        This has been decades in the making, starting with the Federal Reserve. A lot goes back to Prescott Bush as well.

  46. It was only a matter of time. They’re going to end this crap:

    (Bloomberg) — The U.S. Treasury Department said Friday it is proposing new requirements involving convertible virtual currencies that would require banks and other intermediaries to maintain records and submit reports to verify customer identities for certain transactions.

    The Financial Crimes Enforcement Network — a unit within Treasury that guards against money laundering — requested comments on the proposed rules, saying they were aimed at closing loopholes that can be exploited.

    “The rule, which applies to financial institutions and is consistent with existing requirements, is intended to protect national security, assist law enforcement, and increase transparency while minimizing impact on responsible innovation,” Treasury Secretary Steven Mnuchin said in a statement.

    Concerns over money laundering and the ability of financial firms to know the identities of their crypto clients have been at the forefront as Washington has weighed how to regulate digital assets. While critics say that instruments like Bitcoin make the illicit transfer of funds easier, crypto advocates say that the network of digital ledgers known as the blockchain allows money to be traced more easily than cash and can actually help law enforcement.

      1. Recently, eBay now deposits the proceeds from sales directly into seller’s deposit bank checking accounts, no longer PayPal. Not sure about the back story.

    2. I forgot the money quote:

      The focus of the rule is on so-called unhosted wallets that are not held on a registered exchange or by a bank. The new regulation would effectively require exchanges sending money to one of these self-hosted wallets, which are not held in an exchange or bank, to take a series of compliance steps which could be costly and time consuming.

      “The ability for individuals to engage in digital peer-to-peer transactions is the foundation of the crypto economy,” said Kristin Smith, head of the Blockchain Association. “Undercutting that ability with last-minute rulemaking in the twilight days of an outgoing administration is not the way to make the type of long-lasting, responsive regulations that will support the safe growth of this industry in the U.S.”

      “Whether regulators acknowledge it or not,” she added, “crypto is here to stay.”

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