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It’s The Musical Chairs Of Different Ownership

A report from Yahoo Finance. “In a client note this week titled ‘Escape From New York’, Jefferies chief market strategist David Zervos described how the coronavirus reversed decades-long trends of high-end gentrification for New York City. ‘I’m bullish on the get out of New York trade,’ Zervos told Yahoo Finance. ‘It’s a very difficult place to raise a family and do what we’ve done in New York for the last 10 or 15 years, which is really gentrify it beyond maybe where that gentrification should have gone, or maybe was inevitably unstable given the political backdrop of a city as complicated as New York, he said.”

The West Side Rag on New York. “New stats from Streeteasy show that median rents and apartment asking prices both fell more than 20% on the Upper West Side in November. The stats show that the median asking price for an apartment in the neighborhood fell 21.4% to $1.395 million (no, that doesn’t sound so low to us either). And the median rent fell 23.3% to $2,800. Streeteasy says that the median asking rent in Manhattan dropped 12.7%, falling to a 10-year low of $2,800 in November.”

From The Real Deal. “Churchill Real Estate’s Justin Ehrlich has seen a lot during his time as a developer and lender in New York. He witnessed the collapse of the real estate market during the 2008 financial crisis, followed by the mad rush to build luxury condo towers in some of Manhattan’s swankiest neighborhoods. But nothing compares to the past nine months, he said. ‘It’s not normal,’ Ehrlich noted. ‘It’s the worst I’ve ever seen.'”

“He pointed to an unusual rise in Uniform Commercial Code foreclosures by mezzanine lenders, which he sees as a canary in the coal mine for a mound of distress expected to hit the market in the next year. Matthew Mannion, who specializes in UCC foreclosures, has conducted at least eight auctions tied to mezz loans or so-called membership interests since March, according to an affidavit filed last month. And Mannion told The Real Deal that more are on the way. ‘This is the tip of the iceberg,’ he noted.”

In May, Beverly Hills-based Ohana Real Estate Investors sought to foreclose on the five-star Mark Hotel on the Upper East Side and sell the hotel through auction. Alexico Group, the hotel’s owner, filed a lawsuit, which led to a judge delaying the sale for 30 days. That bought Alexico time, and the two parties were eventually able to reach a settlement, which increased the principal and interest rate on the mezz debt, Bloomberg reported.

“The lawsuits can delay a sale, but ultimately a developer has to find money to pay its lenders. If not, Mac Avoy said, it will be similar to what occurred in the last crisis. ‘It’s the musical chairs … of different ownership,’ she noted.”

The Universal Hub on Massachusetts. “Boston has noted some dramatic shifts in apartment supply in 2020. The year has been marked by massive increases in vacancies, which has precipitated price drops throughout the 3rd and 4th quarter. A closer look at the data shows that there are a few areas that are being hit the hardest, particularly those nearest to the city’s largest universities. The following neighborhoods comprise the top 5 highest Availability Rates in Boston right now.”

“BOSTON – DOWNTOWN – 20.46%. BOSTON – FENWAY/KENMORE – 18.97%. BOSTON – NORTHEASTERN/SYMPHONY – 13.02%. BOSTON – MISSION HILL – 12.92%. BOSTON – ROXBURY – 12.71%. As a result of these vacancies, all of these areas have seen price reductions occurring since September. Some landlords were able to keep rents from falling too harshly by offering different tenant concessions. However, the second semester is right around the corner, and it appears like most of the areas Universities will remain remote in the spring. For this reason, we expect rent prices to fall even harder in January.”

The Star Tribune in Minnesota. “As 2020 winds down, Roers Cos. is ramping up. The Twin Cities-based apartment developer is responding to changing market conditions with a national expansion that has nearly tripled a development staff that will be tasked with doubling the number of projects it builds, especially rental housing for seniors and working-class renters. With many sectors of the economy still struggling and a glut of luxury rentals in the urban core and some inner-ring suburbs, Roers hopes to build a more diverse portfolio of rentals that are appealing to older and less wealthy renters in the Twin Cities.”

“In downtown Minneapolis and St. Paul, where thousands of units have been built over the past several years, the average apartment vacancy rate is hovering near double-digits and rent concessions have become common. In downtown Minneapolis the average vacancy rate during the third quarter was 11.1%, including new projects that are still in the lease-up phase, and as of the end of September another 900 units are expected to hit the market in 2021.”

“Ted Abramson, senior VP in CBRE’s Minneapolis Multifamily Investment Properties office, said that after a summer lull apartment investors are now back, and demand for projects like the ones Roers develops is once again robust. ‘Total volume is down,’ he said, ‘but the capital markets are still flush.'”

“Roers marketing and leasing director, Amy Johnson, said that making those projects affordable to build — and to rent — often means eliminating high-end amenities and designing smaller floor plans or incorporating tax-increment financing (TIF) to offset the lower rents. The company’s first workforce housing market in the Twin Cities is the Axle Apartments in Fridley, where rents are expected to be at around 80% of the current market rate.”

The Sacramento Bee in California. “A modern, Lake Tahoe waterfront estate with a six-story glass staircase is available for $32.5 million after getting a price cut in the middle of the coronavirus pandemic. Despite its extraordinary features, the home has been on the market for a while. First listed in 2011 at $43 million, the asking price fell to $32.5 million as recent as May 2020, according to realtor.com.”

The San Diego Union Tribune in California. “The median price for a single-family median home in November was $717,000, up 13.1 percent in a year. That was down from the all-time high of $730,000 reached in October. The resale condo median was $475,000, up 10.7 percent a year, and down from the record high of $485,000 in September. The newly built home median was $724,250 (up 7.4 percent in a year), down from the record $812,500 in October 2018.”

The Bay Area Newsgroup in California. “Jingyu Wu arrived in the U.S. in 2016, bought a small triplex in San Leandro and set about creating his own American Dream. He put his two sons in U.S. schools and became a landlord to pay college bills and make a living in his new country. When a young woman with small children arrived at his three-bedroom unit in January seeking shelter, Wu felt sympathy. The family needed a place to stay immediately, and they agreed to a one-year lease before the COVID pandemic struck.”

“But since February, they’ve racked up a total of more than $30,000 in unpaid rent, according to court records. Wu sued in Alameda County Superior Court to get them out. But Wu’s case, like hundreds of others in the Bay Area, has been stalled by a statewide moratorium on evictions. The tenant, after consulting with a legal clinic, countered with an offer in November: forgive the back rent, pay the family $12,000 to relocate and they’ll leave within weeks, according to correspondence from Wu’s attorney.”

“Wu said the rent he receives from his two other units doesn’t cover his monthly mortgage and bills. He’s losing nearly $3,200 a month in unpaid rent, and he’s had to borrow money from family members to pay his own household expenses. He’s unsure when he’ll get the property back. A trial date has been scheduled for March, and no payments have been coming in. ‘We also need justice,’ he said. ‘We have a systemic problem.'”

The Edmonton Journal in Canada. “Investing in real estate in the capital city does not look like such a capital idea, according to a recent report. But that doesn’t mean some investors aren’t seeing an opportunity to scoop up properties at lower prices and hold on for better days, says Jennifer Hunt, vice-president of research at the Real Estate Investment Network (REIN). Hunt is the author of REIN’s recent COVID-19 Special Edition: Real Estate Cycle Update that shows where major Canadian cities’ real estate markets are in the investment cycle.”

“All are in the slump phase of the cycle, but Edmonton is further along in this phase, meaning it may be the ideal time for investors seeking to buy a property, hold it and see its value appreciate over the next few years. Indeed prices are lower than they were during the peak of the market in 2014, she says. Investors are best advised to have capital to cover the cost of their properties for several months. The reason being that while REIN is certain about current conditions, it’s less so about the near future, Hunt says.”

“The challenge is renting out these properties may prove difficult. That’s due to a rise in competition in the rental marketplace. Hunt says Edmonton has seen a lot of multi-family purpose-built rentals come on line in the last few years. ‘While we can predict that the cycle moves from slump to recovery, we can never predict the duration of each phase because at any moment the outlook can change like, for example, by a pandemic.'”

From News.com.au on Australia. “Chinese buyers are being lured back to the Australian property market by generous government rebates of up to $50,000 on a new home, with calls to extend the incentive schemes past their expiry dates next year. ‘Australia will pay foreigners up to $50,000 to buy a new home,’ said Lily Chong, the Perth-based Australian head of Chinese property portal Juwai IQI. ‘Australia will pay Chinese up to $50,000 to buy a new home, Australia will pay Hong Kong-ers, Australia will pay Malaysians – it doesn’t matter where you come from. It’s all in the interests of supporting the economy.'”

“Juwai IQI co-founder Georg Chmiel said while it ‘sounds strange to pay foreigners to buy houses and apartments, in fact it makes sense. These incentives will reduce the housing shortage, stimulate the economy with construction jobs, and protect the housing market from a sharp fall.'”

This Post Has 131 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. ‘A recently released report from Georgia senators studying the Nov. 3 election found evidence of illegal activity carried out by workers at State Farm Arena.’

          “The events at the State Farm Arena are particularly disturbing because they demonstrated intent on the part of election workers to exclude the public from viewing the counting of ballots, an intentional disregard for the law. The number of votes that could have been counted in that length of time was sufficient to change the results of the presidential election and the senatorial contests,” the report from the state Senate’s Election Law Study Subcommittee reads.’

          “Furthermore, there appears to be coordinated illegal activities by election workers themselves who purposely placed fraudulent ballots into the final election totals.”

          https://www.theepochtimes.com/georgia-senators-coordinated-illegal-actions-appear-to-have-taken-place-during-election_3627176.html

          Here’s 18 pages of just some of the evidence:

          https://beta.documentcloud.org/documents/20433097-chairmans-report-of-the-election-law-study-subcommittee

          Don’t worry globalist scum, what’s coming will be mostly peaceful.

          1. ‘White House adviser Peter Navarro claimed in an interview on Monday that more than 379,000 possibly illegal ballots were allegedly cast in Michigan.’

            “My top-line number at this point for illegal, possibly illegal ballots, is 379,000,” Navarro said on Steve Bannon’s “War Room” podcast. “That’s more than twice the victory margin,” he continued.’

            ‘In the Bannon interview Monday, Navarro claimed he has “the receipts now” to prove that votes were illegally cast in the state, saying that 174,384 ballots were cast without proper voter identification; another 195,000 or so, he said, were the product of “inexplicable vote surges.”

            ‘During a nine-hour period on Nov. 4, Trump had a significant lead over Joe Biden, he added. Within “five seconds” at around 6:30 a.m. Biden’s “total [votes] skyrocketed by 141,258 votes,” or “30 times the expected vote count,” Navarro said, citing data from the New York Times.’

            “Within that same time frame, do ya know how many Trump got? 5,968,” he claimed. In another instance at around 3:50 a.m. ET in Michigan, 54,497 votes were provided for Biden while Trump only received about 4,718 votes, he said.’

            https://www.theepochtimes.com/white-house-adviser-navarro-379000-possibly-illegal-ballots-cast-in-michigan_3627635.html

  1. ‘shows where major Canadian cities’ real estate markets are in the investment cycle…All are in the slump phase of the cycle’

    This isn’t what 99.9% of the media says.

    1. The outgoing head of CMHC (Canadian housing agency head) is term-limited – he tried to sound the warning bell.

      But REIC got hold of the govt and bureaucrats — so the following is put up to juice the detached housing market. Argggg ….

      —–
      The Canada Mortgage and Housing Corporation (CMHC) says there is low evidence of overbuilding in the Toronto real estate market.

      Towers keep going up and condos are sitting empty, provoking the incoming vacant home tax, but the CMHC’s Housing Market Assessment says the Greater Toronto real estate market is showing “low evidence” of overheating, price acceleration, overvaluation and overbuilding.

      The CMHC’s Housing Market Assessment advises Canadians to remain cautious about the strong price increases in some market. The federal agency says Canada’s national housing market is moderately vulnerable because these increases aren’t supported by fundamentals, like income and employment.

      “The COVID-19 crisis negatively affected the level of permanent disposable income available to households,” says CMHC’s chief economist Bob Dugan, adding that the weakening of other drivers of the housing market increased overvaluation imbalances.

  2. ‘available for $32.5 million after getting a price cut in the middle of the coronavirus pandemic. Despite its extraordinary features, the home has been on the market for a while. First listed in 2011 at $43 million, the asking price fell to $32.5 million as recent as May 2020’

    But UHS say Tahoe red-hotcakes?

    Tahoe shacks are:

    ‘A white elephant is a possession which its owner cannot dispose of and whose cost, particularly that of maintenance, is out of proportion to its usefulness. In modern usage, it is an object, building project, scheme, business venture, facility, etc., considered expensive but without use or value.’

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

    1. “But UHS say Tahoe red-hotcakes?”

      Lake Tahoe no longer has a middle-class. These days it’s the very well off with bright white teeth and Lexus AWD SUVs vs the hard scrabble grunt driving a rusty pickup with an overflowing ashtray and a girlfriend serving drinks in a leotard at the Casino.

      1. There’s been a little bit of a tweak to that demographic – now they have trailer parks loaded with illegals who cater to the 1%ers. The grunts should all just leave. There’s absolutely no reason to stay there given the income/COL ratio.

          1. It all depends upon the hotness factor and her ability to charm men. There are some drop-dead gorgeous young Hispanic women out there. A young Salma Hayek type would clean house every bit as much as a white girl.

          2. “…a statistical thigh gap analysis.”

            Almost. In the fashion world there is a ratio of barefoot inseam length vs thigh circumference to be a successful catwalk model.

      2. as many of you know, in addition to the very high end, builders put up a bunch of upper middle class subdivisions ($1.5 – $3.0) homes. I wonder how there are selling – or are the tech rich folks escaping from silicon valley continuing to purchase them

  3. Silver Spring, MD Housing Prices Crater 21% YOY As Northern Virginia/Washington DC Rental Rates Tank On Surging Mortgage Defaults

    https://www.movoto.com/silver-spring-md/market-trends/

    As one national economist stated, “The 15 and 30 year mortgage has created more bankruptcies and poverty than anything else.

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

  4. ‘The median price for a single-family median home in November was $717,000…The newly built home median was $724,250 (up 7.4 percent in a year), down from the record $812,500 in October 2018’

    And the builder will throw in some goodies too. Yer 50 year old San Diego shack is obsolete.

    1. And yet the modest 50 year old shacks in the hood where we live are valued by Zilldo at north of $850K.

      Go figure!

      1. Zilldo is flipping houses. Maintaining pie-in-the-sky valuations is in their own financial interests. Showing true valuations would hurt them too much. It would be like a huge writedown on their balance sheet. Must.Resist.The.Truth.

      2. Its absolutely breathtaking the housing price increases in Coastal California. Even if you have the money, you still have to get into a bidding war and if you don’t have cash and are financing, good luck to you!

      3. I spit out my drink when I read Vista and $790,000 in the same sentence. Until Interest rates go back up and the boomers start downsizing in 2027 I’d write this first part of the decade untouchable from a housing front.

        Rent for half you say? Not in So Cal, the rental inventory is just as bad as the for purchase inventory.

    2. “The newly built home median was $724,250 (up 7.4 percent in a year),…”

      Powell bux doing God’s work.
      Reminds me of a conversation with a work colleague a couple of days ago. She told me that she is scrambling to refi at 2%. Have mortgage rates ever previously dropped this low?

        1. Or maybe by summer? Perfect time to do a cash out refi and go buy something you can’t really afford with the sweet equity.

    3. Yer 50 year old San Diego shack is obsolete

      Not when most of those newly built shacks come on postage stamp sized lots with Mello-Roos and HOAs.

        1. Not just the West Coast, but the East Coast too. Cold War houses are better built, closer in, and no HOA. 8K sq is not a postage stamp. If you’re very efficient, you can homestead on it except for a beef.

      1. And are far from the coast in valleys that get sweltering hot in the summer. And you don’t have to go very far inland to encounter that. 50 year old shacks in Carlsbad are more desirable than new shacks in San Marcos or Escondido., and even more desirable than new shacks in El Cajon or La Mesa.

  5. ‘ ‘It’s not normal…It’s the worst I’ve ever seen’

    ‘more are on the way. ‘This is the tip of the iceberg’

    This is a CRE publication. So while the scum in the media are busy telling weak minded fools now is a good time to borrow hundreds of thousands for a depreciating asset, the industry is in full foreclosure mode. It’s been in this mode for 2 years, but picking up speed.

  6. ‘I’m bullish on the get out of New York trade…It’s a very difficult place to raise a family and do what we’ve done in New York for the last 10 or 15 years, which is really gentrify it beyond maybe where that gentrification should have gone, or maybe was inevitably unstable given the political backdrop’

    Gentrification was always a cover for the mania. I read yer guvnah is going to kill even more businesses. I said this could turn into a black hole last spring. Where’s Larry the sword catcher? Turn off the lights when yer the last to leave.

    1. ‘Struggling restaurant owners city-wide are permanently banning New York State Governor Andrew Cuomo from setting foot into their establishments. According to bar owner Larry Baird “He can eat at some shitty roadside diner outside of Albany but he will not be served anywhere in New York City, known universally as the world’s greatest dining destination! If he has to use the restroom he can go pee on my street-corner! That’s what he wants anyway!”

      ‘Former life long Coney Island resident Val Torre said that he’s finally moving to Florida. “It’s 70 degrees every day. My Coney Island childhood friends have all retired to Florida now! All the restaurants and bars are open and the grannies live!”

      ‘Many members of the Facebook Group NYC Restaurants Open applaud the Executive Order banning Cuomo from being served at all New York City establishments. One member stated “Completely schizophrenic behavior! How are they coming up with these rules is beyond any logical reasoning”

      ‘Another furious lifelong New York resident exclaimed “ He can dine at Gracie Mansion if he wants hospitality in Manhattan. He ain’t getting it here!”

      ‘No word yet from the Governor’s Office on how Cuomo feels about the lifetime ban.’

      https://www.theconeyislandblog.com/2020/12/18/nyc-restaurants-to-ban-cuomo-from-dining/

  7. ‘‘Total volume is down…but the capital markets are still flush’

    QE is deflationary.

    ‘making those projects affordable to build — and to rent — often means eliminating high-end amenities and designing smaller floor plans or incorporating tax-increment financing (TIF) to offset the lower rents. The company’s first workforce housing market in the Twin Cities is the Axle Apartments in Fridley, where rents are expected to be at around 80% of the current market rate’

    They don’t need more apartments, but here they come. And they’ll be undercutting existing rents by a ton. What happened to renters demanding luxury?

    How do those 5% cap rates look now?

  8. ClownWorld Chronicles — Your Taxpayer Dollars At Work Edition (12/20/20):

    “In 2007 Mark Allen Campbell, who now prefers to go by Nicole Rose Campbell, of Waupun, Wisconsin was arrested for sexually assaulting and abusing his 10-year-old daughter and was sentenced to 34 years in prison. In December 2020 a federal judge declared that Campbell at age 49, now identifying as a transgender woman, has a Constitutional right to gender affirmation surgery, paid by the taxpayers.

    In the decision, Judge Peterson argued, “To be clear: an inmate’s criminal history is irrelevant to whether she has a right to necessary medical treatment.” He also argued that despite the fact not all transgender people need surgery and that many can be treated for gender dysphoria without it, that “Campbell continues to suffer from gender dysphoria, which causes her anguish and puts her at risk of self-harm or suicide.” Even with long term negative health risks associated with hormone therapy, authorities determined Campbell’s condition would only worsen without so-called gender confirmation surgery.

    https://thepostmillennial.com/father-who-raped-own-child-will-receive-tax-payer-funding-for-gender-transition-and-move-to-womens-prison

    When I was a child, we thought that the future would be curing cancer, flying cars, world peace, and colonizing Mars.

    This is the future we got instead, thanks to globalists.

    1. Along those lines, this was posted last thread:

      Jerry K
      1 day ago
      3 ways to know when a breaking story is true :
      – Facebook blocks it🤪
      – Twitter deletes it🤪
      – YouTube bans it🤪

      This is what the internet has brought us.

      1. “what the internet has brought us”

        If I were to limit my consumption of films, teevee, music, and books published only before the year 1995, I wouldn’t be missing anything. When we talk about globalists, it is often assumed to be only in the realm of economics, foreign policy, etc.

        The Frankfurt School, the “Long March Through The Institutions” and other leaked communist documents of the 20th century all confirm that destroying the nuclear family and the promotion of sexual depravity are also a key component of their goals.

        Look at how the E.U. and ball-sack eyes Soros attack Poland and Hungary and ask yourself why?

        What are Poland and Hungary doing that makes the globalist despise them?

        1. ‘Justice Minister Zbigniew Ziobro announced a legal initiative on Thursday aimed at enabling internet users to file complaints against the removal of online posts as well as the creation of a special court for freedom of speech.’

          ‘If a special court rules in favour of the plaintiff and the internet service does not obey the ruling it can subject the internet service to a fine of up to PLN 8 million (EUR 1.8 million) imposed by the Office of Electronic Communications.’

          https://polandin.com/51388314/justice-minister-announces-online-freedom-of-speech-bill

        2. I assume that’s a rhetorical question, but anyway. IIRC it was Hungary that built fences to cut down illegal migrants by 95+%. And when AOC compared border detention centers to concentration camps, it was Poland who invited her to visit the real ones. Eastern Europe knows a thing or two about stealth takeovers and socialism.

          1. He’s not yours, it’s just your turn. I was attending an out-of-town training class with some co-workers. A friend and I caught sight of another (married) co-worker swiping Tindr during the class. He obviously wanted action that week while he was out of town. Why are boys so heartless?

        3. What are Poland and Hungary doing that makes the globalist despise them?

          Where to start? They are unabashedly Christian, are opposed to open borders, have suffered under the iron fist of communism, are unashamed of who they are and they cherish their cultures.

          And to add insult to injury, the Hungarian parliament voted to not allow homosexuals to adopt children, which sent the western media into a gaslighting tizzy, proclaiming that Hungary is “redefining the family”.

          1. You win an internet.

            They see what Western Europe and the United States have done to themselves and want no part of it.

          2. I would rather bug out to Poland than to New Zealand

            Given the lunatics who are currently in charge in Kiwiland, bugging out there strikes me as a bad choice. The only plus I could see is in its remoteness should the nukes fly. Otherwise, Larry Ellison seems to have the right idea: a fortress island that can be supplied from other islands or the US mainland should push come to shove. The question of course is how well guarded Lanai is should the locals try to swarm it from the other islands. I’m pretty sure that Ellison’s bunker island is well protected, with lots of qualified and armed goons guarding it.

          3. Given the lunatics who are currently in charge in Kiwiland, bugging out there strikes me as a bad choice.

            I think the people planning to bug out to NZ control the lunatics in charge.

          4. I would rather bug out

            I will continue to hide in plain sight. I am old, “harmless”, can move around, know where/how to resupply, and can be an actor if/when it might make a difference. If I had millions of $ I wouldn’t go hide when the best thing I’ve inherited is in danger of not being passed on to my grandchildren.

      2. The globalists are terrified of losing their monopoly on news and information, and with it their ability to lie to and brainwash the average sheeple into going along with the crony capitalist status quo.

  9. “The lawsuits can delay a sale, but ultimately a developer has to find money to pay its lenders. If not, Mac Avoy said, it will be similar to what occurred in the last crisis.

    Thank goodness Old Yellen assured us there would be no new financial crisis “in our time” thanks to the Fed’s wise stewardship of our financial system.

    1. “The lawsuits can delay a sale, but ultimately a developer has to find money to pay its lenders. If not, Mac Avoy said, it will be similar to what occurred in the last crisis.

      I have read several pieces lately that have essentially said that all the multi-family speculators are counting on a strong rebound in 2021 after vaccinations and a disappearing virus. Then all those vacancies will disappear and it will be off to the races again, like nothing ever happened.

  10. Globalists love nothing more than selling off “their” country to the highest bidder.

    “Chinese buyers are being lured back to the Australian property market by generous government rebates of up to $50,000 on a new home, with calls to extend the incentive schemes past their expiry dates next year. ‘Australia will pay foreigners up to $50,000 to buy a new home,’ said Lily Chong, the Perth-based Australian head of Chinese property portal Juwai IQI. ‘

  11. “Investors are best advised to have capital to cover the cost of their properties for several months”
    I think several years would be a much better suggestion.

  12. Watch Oz carefully, because that is what it’s like to become a wholly owned subsidiary of the PRC and the CCP.

    1. I don’t have much hope for any of those Anglo-sphere countries that still have pictures of the queen on their money.

      They are the penultimate cucks for globalists.

  13. Lotsa crater just showed up overnight on Wall Street for no discernible reason.

    Company News
    December 21, 2020 4:26 AM Updated 3 hours ago
    US STOCKS-Futures tumble on fears over new coronavirus strain
    By Devik Jain, Ambar Warrick
    * Futures fall:
    Dow 1.95%,
    S&P 2.17%,
    Nasdaq 1.39%

    Dec 21 (Reuters) – U.S. stock index futures tumbled on Monday as fears over a new strain of the coronavirus that has shut down much of Britain overshadowed a $900 billion stimulus package deal.

    The strain, which is said to be up to 70% more transmissible than the original, forced major European countries to shut their borders with the UK and sowed fears of further economic disruptions.

    Travel stocks fell in premarket trading, with Delta Air Lines Inc, United Airlines Holdings Inc and American Airlines Group Inc slumping between 4.8% and 5.3%. Cruise operators Royal Caribbean Cruises, Carnival Corp and Norwegian Cruise Line Holdings fell between 8.4% and 9.5%.

    The CBOE Volatility Index, also known as Wall Street’s “fear gauge”, jumped 29.7 points to its highest level since early November.

        1. Any word on batteries that can be full recharged in 10 minutes or less, at standard refueling stations? Or do we still need to plug our cyber cexi-trux into an expensive outlet in a garage in an SFH?

          1. Thanks, Rip. If I were queen, I would remove every single tax break on electric cars and instead give tax breaks to companies which make 10-15 minute chargers and the gas stations that install them. And don’t ban ICE cars until there is a suitable replacement.

          2. And imagine the joy if your Tesla breaks down. You’ll have to have it towed to a Tesla repair center which could be hundreds of miles away, since no independent mechanic will be able to fix it.

          3. More practical would be to change out the battery in 10 minutes .

            Absolutely. They should be built so that the battery is accessible from the bottom, then you pull into a “battery station” which is something like an automated car wash with the tracks for your wheels. It positions your car perfectly based upon the model and then a robotic system removes the battery and swaps in a fully charged one, then you’re on your way. The batteries should be a fairly standard fitment across all makes/models.

          4. battery is accessible from the bottom, then you pull into a “battery station”

            Tesla knows about this and they famously demonstrated it in 2013. But there are too many drawbacks, as explained in this video: https://www.youtube.com/watch?v=xPzXzKpv1xY&ab_channel=TransportEvolved

            Warning: the presenter in the video is “eye broccoli,” so I’ve summarized the points:

            1. Batteries for different cars are not standardized (and companies won’t agree on one battery),
            2. you need precision engineering to swap without damaging the battery or the car.
            3. Every swap station would have to have dozens or hundreds of batteries in stock to swap in.
            4. Battery packs drop in quality and range as they age, and who wants to swap out a nice battery for an old one from someone else’s car.
            5. There are enough improvements in charging that make it almost as fast as battery swapping.
            6. There’s no way to pay for a partial charge, which poor people might not be able to afford.
            7. Battery swapping works for commercial fleets but probably not the general public.

          5. full recharged in 10 minutes

            Maybe they need to go to a fuel cell if they want to save the planet without wasting time. It will be even more wasteful, but who cares?

          6. Warning: the presenter in the video is “eye broccoli,” so I’ve summarized the points:

            Why thank you, but I clicked anyway. Ugggh. You weren’t kidding…

          7. I visited the Edison / Ford museum in Fort Myers, FL in January. They had Edison batteries on display that were manufactured in the early 20th century that were still in use fifty years later.

            Tesla is a fraud. But if someone wants to pay me to install a charger so they can convert the energy from burning coal into charging their Tesla, I’m going to take their money.

          8. Do you charge extra knowing they’re suckers?

            It’s Tesla related. Isn’t that baked into the cake?

  14. “A typical eviction case or settlement can cost an Alameda County landlord $30,000 in lost payments and legal fees. Costs can run higher in other Bay Area counties with more expensive rents. “Whether its COVID-related or non-COVID-related, housing providers are at the end of their reserves,” said Mulgrew, whose 650-member association primarily represent small landlords.”

    Dont forget the sweet, sweet equity…

      1. Smoking meth provides immunity against the deadly virus – just look at meth mouth Birx. Oh, is she off secretly violating her own plandemic edict against family get togethers?

        Time for helicopter rides!

    1. “A record 621 people died of drug overdoses in San Francisco so far this year, a staggering number that far outpaces the 173 deaths from COVID-19 the city has seen thus far”

      Since this COVID-19 hysteria with predictions of astronomical death rates and millions dying that were made by people soaking up the propaganda like a biscuit soaks up gravy as they ran in circles, flapping their arms and screaming and the MSM started coming into peoples living rooms on a nightly basis (millions still do watch nightly network newscasts and read The New York Slimes and Washington Compost) pounding home the threat that YOU MUST BE SCARED AND DO WHAT THE “science” TELLS YOU OR YOU OR MOST OF YOUR JAMILY WILL DIE AND END UP IN REFIGERATION TRUCKS OUTSIDE OF THE OVERFLOWING MORUES started last January or whatever, I personally know of 4 people who have lost kids or relatives from drug overdoses (Fentanyl) and zero, zip, nada, not one that died from COVID-19.

      I don’t even know any gunshot victims who died from COVID-19 although I posted an article about a coroner bitc#ing about that very thing happening a few days ago.

      1. After ten months of this I finally know someone who has a friend who has a relative who is in the hospital and is probably going to die with it.

        1. Are you sure they’re not sick with something else? After all, the hospitals are the ones participating in all the lies, making sure “COVID” is the cause of death.

          1. COVID will not be (or should not be) the primary cause of death, not on the death certificate. It will be a contributing factor. That 99% survival rate I keep hearing is derived from erroneous death certificates.

          2. That 99% survival rate I keep hearing

            Careful of mixing up numbers and stories. The official deaths/cases is only about 1%.

          3. Depend on how you define an official death and an official case. Official deaths is skewed low by errors on death certificates, and official cases is skewed high by PCR false positives. Plus the whole thing is skewed because masks determine the inoculum which determines the severity of case.

            So who knows what the case fatality rate is at this point.

  15. Any ideas on how $1 TRILLION in stimulus causes precious metals to fall in price? I can’t wrap my head around any of this stuff anymore.

    1. People will spend the stimulus money, which makes the economy look stronger, which is a teeny bit deflationary, which drops PM price.

    2. $1 TRILLION in stimulus

      It’s a Trillion in additional debt, not remotely enough to stem a mudslide of defaults. The world is more fragile than ever and the second wave of lockdowns is starting in earnest. The UK is being locked down and isolated from Europe just as they implement Brexit. Perhaps that will have more impact than some $600 checks over here.

      PMs may be a handy asset of last resort in a real world, but in a debt based world, it isn’t. Things could get real though.

  16. OMG, News out of England that in summary a new strain of Covid-19 hiting . No doubt this to justify their more oppressive lock downs ordered.

    While I have heard Dr’s say that mutations are usually less lethal, the facts don’t matter in this never ending use of Medical Scam to lock down people and take their liberty.
    They must have objectives for these lock downs that have nothing to do with medical, because they are not following the so called Science. For God Shakes, their tests aren’t even accurate. It’s a disinformation campaign at this point with oppression of facts that make their actions absurd and even malicious.
    They aren’t going to stop until they achieve their objectives,, whatever they might be.

    1. The mutation is even more contagious than the currently contagious one, but appears no more serious. It’s been circulating since September. It only looks like it’s coming from the UK because the UK does more genetic virus identification than any other country.

      The only issue would be that the vaccine might not recognize the mutation, but that doesn’t seem to be the case. And the vaccine trials happened in October-December, so if this has been circulating since September, then the vaccines have already seen this mutation and already shown that they are effective against it.

      [science] I hope they did genetic testing on the positive cases that were found in the vaccine trials. If all of the ~5 symptomatic cases of COVID found in the vaccine arm of the trial were all that new mutation, THAT would show that the new mutation was vaccine resistant. But I bet they never tested for genetics. 🙄 [/science]

      1. [science] I hope

        That right there. Wishful thinking doesn’t = science.

        We might know more in a couple of years

        1. Blue, are you mocking my scientific thinking, or are you mocking the scientists who should have done what I was thinking?

    1. They could have spent the money at the FDA approving Ivermectin. Oh wait, that’s misinformation. Sorry my bad.

      1. I dont understand why they just cant add $500-1000 to an EBT cash to be spent on food instead of forcing people to wait hours for a box or bag of food.

        1. Give them extra EBT and they will never get off it. Make them wait for hours to get a box of rice, beans, peanut butter, etc. and they will get go back to work as soon as they can.

          1. That sounds good, but today the jobs are manual labor and not that many people are fit enough to drive a forklift or deliver 150+ packages a day for ups or amazon.

          2. The overwhelming majority who have been dejobbed and told to go hide under their beds were not working in such jobs. And FWIW, I’m seeing a lot of “now hiring” signs in my little burg.

    2. Those memes are awesome. What’s even more awesome is the blinders falling off the eyes of millions of sheeple as they compare the Fed lavishing trillions on corporations and Wall Street grifters while the beleaguered proles get a paltry $600, the buying power of which is being destroyed by the inflation the Fed claims doesn’t exist.

      1. a paltry $600

        Ironically, 29 out of 30 people don’t need it (make up your own number). The one out of 30, it won’t help enough.

        It’s really a “let them eat cake” moment.

        1. Just giving people money is a horrible idea. These politicians are the absolute worst of the worst. They’ve had decades to come up with infrastructure programs and trade laws that benefit the citizens and they’ve done absolutely nothing. It’s despicable.

          1. I’m getting the distinct feeling that the politicians are using cash stimulus only as a vehicle for their personal pork to hitch a ride on. Kennedy Center needs money? Attach it to the paltry stimulus! Surely you can’t deny the people their $600. 🙄

            I was a member of the Kennedy Center for a while, but since the Metro subway went to heck, I let it lapse. I’ve been getting mailings “We’ve lost you… ” The next letter I get, I’ll send it back with a note saying, you want money, go ask Aunt Nancy. She has more than me.

          2. the politicians are using cash stimulus

            The “stimulis” is an important reminder of the dangers of Socialism. People are told to shut down their business for the good of everyone and the government promises to take care of them. Then half a year passes and finally they are given what amounts to one week’s expenses. They are broken at this point, having believed the lies.

            What they needed was their Freedom, not “care”.

          3. “I’m getting the distinct feeling that the politicians are using cash stimulus only as a vehicle for their personal pork to hitch a ride on.”

            “their personal pork” Now that made me chuckle. 🙂

            “to hitch a ride on.”

            Hitchin’ a Ride (1969)

            https://youtu.be/s4pArjPVA-8

          4. as a vehicle for their personal pork

            I’ve read something like 15% of the bill is for We The People footing the bill.

          5. I’m getting the distinct feeling that the politicians are using cash stimulus only as a vehicle for their personal pork to hitch a ride on.

            Absolutely. When you look at the stimulus bill, it’s nothing but a pork sandwich.

            $3.3 BILLION to Israel
            $453 MILLION to Ukraine
            $10 MILLION for gender programs in Pakistan
            $1.3 BILLION to Egypt
            $700 MILLION to Sudan
            $130 MILLION to Nepal
            $85 MILLION to Cambodia
            $135 MILLION to Burma
            $193 MILLION for HIV/AIDS workers stationed abroad to buy vehicles

            What does ANY of this have to do with helping Americans in a crisis that these politicians created. The people should be assassinating the politicians at this point.

  17. instead of forcing people to wait hours for a box or bag of food.”

    Then they can pick the surplus food you get for free not the other way around

  18. I’m guessing the CCP has already summoned its ideological fellow travelers in the Democrat Party and our creepy Orwellian tech companies to map out a strategy aimed at stepping up their Stalinist measures to censor and suppress truth tellers who challenge the lying Narrative put out by the Democrat-CCP-globalist Axis of Evil.

    No ‘Negative’ News: How China Censored the Coronavirus

    https://www.nytimes.com/2020/12/19/technology/china-coronavirus-censorship.html

    In the early hours of Feb. 7, China’s powerful internet censors experienced an unfamiliar and deeply unsettling sensation. They felt they were losing control.

    The news was spreading quickly that Li Wenliang, a doctor who had warned about a strange new viral outbreak only to be threatened by the police and accused of peddling rumors, had died of Covid-19. Grief and fury coursed through social media. To people at home and abroad, Dr. Li’s death showed the terrible cost of the Chinese government’s instinct to suppress inconvenient information.

    Yet China’s censors decided to double down. Warning of the “unprecedented challenge” Dr. Li’s passing had posed and the “butterfly effect” it may have set off, officials got to work suppressing the inconvenient news and reclaiming the narrative, according to confidential directives sent to local propaganda workers and news outlets.

  19. Jerry K
    1 day ago
    3 ways to know when a breaking story is true :
    – Facebook blocks it🤪
    – Twitter deletes it🤪
    – YouTube bans it🤪

    YouTube Removes Video of Trump Lawyer’s Opening Statement At Senate Committee Hearing — Watch It Here!

    Infowars.com
    December 21st 2020, 5:14 pm

    Watch this bombshell testimony by Trump lawyer Jessie Binnall laying out the damning instances of election fraud

    https://www.infowars.com/

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