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This Demand Shift Can Manifest In Price Changes As The Market Finds A New Equilibrium

A report from USA Today on Florida. “Susana Lay worked from dawn to dusk alongside her grandfather while he sold and repaired Singer sewing machines in New York City. Soon, Lay was able to use her savings to buy her first home in her 20s. One property turned into six, purchased together with her parents and siblings over the course of three decades. But with COVID-19, her tenants lost their jobs and couldn’t make rent. Lay, too, fell behind on her mortgage payments and entered forbearance.”

“‘Day by day, COVID is reducing everything that I have built,’ said Lay. By January, the combined rent owed to landlords nationwide could reach $24 billion, according to a study. Lay said it has been scary because this is the first time she has defaulted on her loans. ‘Can you believe that I am negotiating with the banks over a loan I’ve had for 20 years?’ said Lay.”

“Lay’s story is one of thousands in a place like South Florida. For Hector Alvarez, 62, real estate was always supposed to be safe. After arriving in South Florida from Cuba, his family saw investing in rental properties as the only way they’d become financially independent and save up for retirement.”

“Of his seven units in Miami, most of his tenants lost their income due to COVID-19. At least three of them have not been able to pay him since April. Alvarez calculated he’s lost about $72,000 on rent alone. For several of his tenants, he has also paid their water, electricity and cable, which can quickly add up to $500 a month each. He also owes $83,000 in property taxes and insurance for all of his properties.”

“Early in the pandemic, Alvarez depleted his small savings trying to cover mortgage payments. He has maxed out credit cards to pay utilities and expenses, including caring for his 91-year-old father, who requires round-the-clock care. ‘We’ve been living on credit cards, paper clips and chewing gum,’ said Alvarez, who opted into forbearance for six months and is now in the process of refinancing. ‘It’s hard because, on the one hand, I am being understanding with them, but the banks aren’t being understanding with me.'”

The Real Deal on New York. “Isaac Kassirer’s Emerald Equity and David Werner Real Estate Investments have fallen behind on a CMBS loan backing a high-end rental building at 2 Cooper Square. The firms are 30 days delinquent on the $65 million loan, Commercial Observer reported. Atlantic Development Group built the 143-unit luxury high-rise between East Fourth and East Fifth streets in 2010. Two years later, Wafra Capital Partners purchased the 70-year leasehold for $134 million, then sold it in 2019 to Emerald Equity and Werner for $85 million — a $50 million loss.”

“Vacancies have plagued rental buildings in Manhattan. In October, the vacancy rate reached 5.75 percent while the total number of listings reached a 14-year high, at 15,923. Elsewhere in its portfolio, Emerald Equity has also fallen behind. Its lender, Ladder Capital, moved to foreclose after the firm defaulted on a $32 million loan for four of its Harlem rental buildings.”

From Patch New York. “The New York City housing market plummeted in 2020, and real estate in Greenwich Village saw some of the most significant dips in all five boroughs, according to a new study by StreetEasy. The median asking prices for homes and rents in Greenwich Village took a nosedive in 2020. Median Home Asking Price 2020: $1,499,000. YoY Change From 2019: -16.50 percent. Median Rent Asking Price 2020: $3,000. YoY Change From 2019: -32.50 percent.”

“The change in the asking price for rent in Greenwich Village was the second-biggest drop of any neighborhood in New York City. SoHo was the only area in the five boroughs to see a steeper decline at -37.80 percent.”

“Greenwich Village saw a staggering 99.70 percent increase in the median recorded sales price during the time period. The massive increase in median recorded sales price comes in stark contrast to the significant drop in asking prices, but it most likely down to a handful of extremely expensive apartments selling in the neighborhood.”

The Washingtonian. “Luxury apartment buildings have lost some of their luster during the coronavirus pandemic. In its 2020 third-quarter report, Delta Associates found that DC rents in these types of high-end properties fell 10.7 percent, compared to 2019. Vacancy rates, meanwhile, rose to nearly 8 percent, compared to 4.4 percent last year. As a result, according to the Delta report: ‘Concessions are now nearly ubiquitous across the metro area, with multiple months of free rent being offered to entice tenants to move in, especially in high-rise product.'”

From Seattle PI in Washington. “The number of vacant apartments in Seattle shot up over the past year, according to a new report. Apartment vacancies in the city have gone from 4.4% in February to 10.3% in November, the report from ApartmentList found. And as vacancies rose, rent prices went down in Seattle. Since the beginning of the year, rents in Seattle declined more than 16%. ‘This demand shift was a shock to the rental market, which can manifest in price and vacancy changes as the market finds a new equilibrium,’ the report said.”

“Many of the cities that saw the most significant rent decreases throughout the pandemic also saw an increase in vacancies. These included cities such as Seattle, San Francisco and New York, often ranked as the most expensive for renters across the country. ‘With so many vacant apartments to choose from, prospective renters have leverage while landlords must drop their prices to attract new tenants,’ the report said.”

From Bisnow California. “A Bay Area real estate company and its owner allegedly defrauded hundreds of investors out of $119M through ‘a continuous series of misrepresentations and omissions and other deceptive conduct,’ the Securities and Exchange Commission alleges. Real estate development company SiliconSage Builders and its lone owner, Sanjeev Acharya, convinced roughly 250 investors, mainly members of the South Asian community, that his projects were great investments. But the company and almost all of its projects have not turned a profit for years, the SEC claims in its Dec. 21 complaint filed in the U.S. District Court, Northern District of California.”

“Acharaya allegedly never mentioned that the company was having financial difficulties and continued to raise more than $119M in that same time period, the complaint said. Some of the newer investors’ money was used to pay previous investors, and investors were told they could redeem their investments even though there was not enough money to honor those requests, according to the complaint.”

The Santa Monica Mirror in California. “Landlords are suing the City of Santa Monica, claiming a recently-adopted ban on short-term rentals violates the U.S. Constitution and the California Coastal Act, among other offenses. The suit also states that the short term rental ban harms landlords who are collecting less rent during the pandemic.”

“According to a November report from Apartment List, Santa Monica rents have declined ‘decreased sharply’ by 12.8 percent in comparison to the same time last year. Currently, median rents in Santa Monica stand at $1,870 for a one-bedroom apartment and $2,352 for a two-bedroom, the report. This decline is the steepest decline of any city in Southern California included in the report.”

The Los Angeles Times in California. “Ever since the middle of May, it has been the same thing over here on the Westside of Los Angeles. Beep! Beep! Beep! Beep! Multiple times a week, I hear the telltale sound of a moving truck backing into the loading area of my building, accompanied by the occasional crash and shout. At this point, I’ve lost track of just how many of my neighbors, as well as others on my block, have moved out their mostly patio-less condos and apartments.”

“So it wasn’t at all surprising to read the latest report from the California Department of Finance, which found that population growth in the state had slowed to a crawl as fewer people moved here, more people moved away and fewer people were born. Los Angeles, the state’s most populous county, logged the biggest net loss with about 40,000 fewer residents.”

“‘I hope they do not see it as a symptom of COVID,’ said Dowell Myers, a professor and director of the Population Dynamics Research Group at USC. ‘Because then they’ll think, ‘Ah, a vaccine! We’ve got that covered now.’ That’s the danger. COVID is what’s newsworthy, but COVID is not what’s going on in this report.’ It’s about affordability, Myers added.”

“‘Even though they may make a pretty significant salary in California, I think they realize that a lot of their income may be going to housing where in other places that may not,’ said David Garcia, policy director at UC Berkeley’s Terner Center for Housing Innovation. ‘Just because they can afford to live here doesn’t mean anything.'”

This Post Has 111 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. Sidney Powell would be the obvious choice.

            I agree. I wish I understood why sometimes Trump seems to love her and other times he keeps his distance. I can’t tell if I should be suspicious of her motives or her facts.

          2. (long) interview

            DJT’s advisors are being offered fat-cat positions to convince him to leave by January 20th.

  1. ‘This demand shift was a shock to the rental market, which can manifest in price and vacancy changes as the market finds a new equilibrium’

    I found this interesting. Having plotted supply/demand curves in college, it gives one a clear understanding of the moving parts and their relation to each other for market participants. One thing you should never get is an increase in demand when prices rise. Yet with all the thousands of REIC pundits, you’ll never read this. Because if demand does increase when prices rise, something else is at work.

    1. “One thing you should never get is an increase in demand when prices rise. Yet with all the thousands of REIC pundits, you’ll never read this. Because if demand does increase when prices rise, something else is at work.”

      The “free market” system was a major tenet of the of the forbidden zone, which was once a paradise before the National Association of Realtors helped to destroy it.

    2. One thing you should never get is an increase in demand when prices rise.”

      That would be speculation then ? like stocks

      1. What you get is the perception that Price equals Value. When one is possessed by such a perception an increase in price translates to an increase in value.

        There would be natural limits placed on increased values if one was required to actually possess the money necessary for purchases but in today’s markets possessing money for purchases is not at all necessary; All that is really necessary for purchases is THE ACCESS to money. A broke-assed loser can (and will) buy anything at any price if money is made available for him to do so. Roll back the calender ten or so years and remember how strawberry pickers were willing and able to buy eight-hundred thousand dollar McMansions in Stockton if you need an example.

    3. ‘Because if demand does increase when prices rise, something else is at work.’

      Compare them to stocks. Almost the same thing. Looking for a greater fool.

  2. ‘almost all of its projects have not turned a profit for years’

    Wa?

    ‘Some of the newer investors’ money was used to pay previous investors’

    I think I’ve seen this before.

    1. ‘Some of the newer investors’ money was used to pay previous investors’

      Isn’t that the dictionary definition of a Ponzi scheme? But I’m sure the same worthless regulators who let Bernie Madoff run his scams for years despite repeated warnings and red flags will get right on that.

  3. ‘Greenwich Village saw a staggering 99.70 percent increase in the median recorded sales price during the time period. The massive increase in median recorded sales price comes in stark contrast to the significant drop in asking prices, but it most likely down to a handful of extremely expensive apartments selling in the neighborhood’

    Yep, the median can skyrocket when the market is sinking like a turd in a well.

  4. Some rare good news for a change:

    “The Ohio Senate passed a tax bill late Tuesday night that was amended to prohibit Gov. Mike DeWine and future governors from ordering health restrictions that close small, locally owned businesses, while allowing big box stores to remain open because they carry essentials.

    The Senate’s amendment was written by Senate President Larry Obhof, a Medina Republican, in response to concerns by small business owners during the springtime, when the economy closed, except for large chain stores. Small businesses – such as furniture and jewelry stores – were supposed to close. Yet stores like Walmart and Lowe’s, which compete against small businesses, could stay open because they stock cleaning supplies, medicines or other essentials.

    “This is the single most important thing we can do to make sure Ohio’s small businesses are kept safe and do not suffer the kinds of economic harms that they did last spring,” Obhof said.

    https://www.cleveland.com/open/2020/12/ohio-senate-avoids-a-gov-mike-dewine-veto-override-vote-on-public-health-orders-in-an-11th-hour-bill-amendment.html

  5. ‘Alvarez depleted his small savings trying to cover mortgage payments. He has maxed out credit cards to pay utilities and expenses, including caring for his 91-year-old father, who requires round-the-clock care. ‘We’ve been living on credit cards, paper clips and chewing gum’

    I suspect this has been going on all over. The percentage of renters paying with credit cards is through the roof too. You know what I read this morning over and over? Too little too late. I hope it’s clear now the free cheese isn’t going to get us out of this hole:

    ‘In her last weeks working the freight shift at the local J.C. Penney store, Alexandra Orozco took out her phone and hit record. The 22-year-old shot videos as she and her co-workers slid down a metal shoot (technically meant for empty boxes) in the store room, their heads falling back laughing, and posted them on TikTok. Another, uploaded on 13th October, shows the giant black-and-red “Everything Must go!” posters hanging from ceiling to floor, and an eerily half-empty basement section.’

    “Slowing losing my job,” she wrote in the caption, days before the store in Delano, California shut for good, just one of 156 J.C. Penneys across the United States to close since June this year. “It’s so sad,” she explains over the phone from her home, noise from a T.V. playing softly in the background. “I never thought this would happen. And Delano is a small place. There’s not that many stores. It’s hard to find jobs here.”

    ‘Halfway across the world, Matefo Litali experienced upheaval, too. A skilled sewer, the 53-year-old has worked in garment factories for the past 14 years across Lesotho, a small mountainous country entirely surrounded by South Africa. Tzicc Clothing, which makes apparel for U.S-based giants J.C. Penney and Walmart, employed the seamstress for two months before nationwide lockdown measures forced all factories to temporarily close in March. On May 6, she returned to work. The next day, at the end of her shift, she says management told her not to come back. Tzicc confirmed her last day was May 7.’

    “I felt powerless,” she says. “The first thing that went through my mind was, ‘Why me?’”

    ‘Now, both of their lives – and livelihoods – are linked by a global pandemic that has crushed one of the world’s supply chains and with it, economies, too. COVID-19 lockdowns have obliterated a retail sector already struggling to survive before the coronavirus hit, which has in turn contributed to the collapse of the global garment trade and wreaked havoc for millions of workers, the vast majority of them women like Orozco and Litali.’

    ‘While Lesotho’s garment industry might be lesser known compared to the powerhouses of China and Bangladesh, it’s another example of an economy heavily reliant on U.S. demand. Outside of the African continent, America is the largest recipient of Lesotho’s exports – accounting for almost half – according to the most recently available World Trade Organization data from 2017. And if the country has escaped relatively unscathed from the coronavirus, with just 2,065 cases recorded since the start, the impact of America’s stringent lockdown measures have trickled through the industry in Lesotho down with equally devastating effect.’

    ‘At Tzicc Clothing, which employed Litali, roughly one fifth of employees have lost their jobs since May, says Tšepang Makakole of the National Clothing Textile and Allied Workers Union (NACTWU) in Lesotho. He knows of at least six factories that have closed across the country, seeing thousands of workers lose their jobs.’

    “For women, it’s a disaster,” he adds. “Most of them working in the factories are single parents supporting their families and right now, the industry is facing a total collapse.”

    https://apnews.com/article/business-global-trade-coronavirus-pandemic-california-united-states-1cb3599ab931bddbffc9ac7752e78a22

    There are millions of poor people starving around the world because of these lockdowns.

    1. ‘With nearly 900,000 signed recall petitions already collected, four active recall committees now operating, and belated but significant press coverage shining a spotlight on the effort, the chances that Gavin Newsom will be in a fight for his political life in the Spring of 2021 has gone from a long shot to a distinct possibility.

      ‘In an article published by NBC News entitled “Recall effort against California governor an attempt to destabilize the political system,” Newsom spokesperson Dan Newman called the recall effort “a distraction and a circus.” Newman also characterized the recall proponents as “a ragtag crew of pro-Trump, anti-vaccine extremists, along with some ambitious Republican politicians who would like to be governor.”

      ‘A victorious challenger begins by quantifying the economic cost of policies imposed on Californians by Newsom. They then offer bright and bold alternatives that remove these oppressive burdens and restore opportunities to normal Californians.’

      ‘The first step would be to point out the tragic cost of the extreme reaction to the COVID-19 pandemic. Instead of quarantining the elderly and medically vulnerable, Newsom quarantined the entire California population. This prevented Californians from acquiring herd immunity, and allowed the virus time to mutate into alarming new variants that may be used to justify lockdowns lasting years. Meanwhile, the damage to California’s economy includes over 2.6 million jobs lost. So far, less than half of those jobs have been regained.’

      ‘As for California’s homeless, 150,000 strong? Their numbers keep rising, despite tens of billions already spent on “supportive housing” that costs over $500,000 per unit. Newsom presides over this racketeering scandal, which only benefits politically connected “nonprofit” developers, their for-profit vendors, and public sector bureaucracies, and does nothing to reduce the numbers of homeless.’

      ‘The cost of energy is another way that Newsom and his gang have oppressed Californians. California’s notoriously corrupt Public Utilities Commission has been systematically decommissioning clean natural gas and nuclear power plants in favor of far more expensive solar and wind power. Now they are pushing to deny gas hookups in new homes. As this monstrous scam quietly gathers momentum, special interests line up for a piece of the action: along with the entire “renewables” industry, add all those high tech firms and appliance manufacturers that intend to create “connectable” washers, dryers, dishwashers, heaters, air conditioners, water heaters and refrigerators to “help” consumers manage their consumption. The cost to retrofit every one of California’s 13 million households? If all seven of these major appliances could be purchased for under $10,000 – and that’s a laugh – it would “only” cost California’s consumers $130 billion.’

      ‘Beating a governor like Gavin Newsom ought to be easy, but it will require a candidate with the courage to promote bold solutions. For example: Open California back up for business. Focus on protecting the vulnerable instead of locking down an entire population. Demand legislation to restore responsible logging in California’s forests. Support infrastructure projects that offer practical value to all Californians – more water storage, more roads and freeways, and clean, cost effective, conventional energy from natural gas and nuclear power. Explain that housing will not become affordable until cities are allowed to build again on California’s abundant open land, perhaps in the places currently earmarked for solar farms. Expose the homeless industrial complex boondoggle and call for supervised, no-frills homeless encampments to be built in areas where land is inexpensive. Change the laws to restore penalties for hard drug use, public intoxication, petty crime, and vagrancy, and watch most of the homeless problem evaporate overnight. Push for school vouchers, so parents have absolute choice over where to send their children to get an education, and the teachers union monopoly on public education is broken forever.’

      ‘The political elite in California is a hereditary aristocracy. Brown, Pelosi, Getty, Newsom. A tribe, connected by blood and money. Newsom, the poor soul, might be aptly compared to Czar Nicholas, a weak man who was forced by fate to govern a fading empire. Then again, California isn’t exactly fading, at least not yet. Instead, the recent explosion of Silicon Valley wealth has buttressed what was already a formidable coalition of aristocratic old money, powerful environmentalist pressure groups, and a public sector bureaucracy coopted by union negotiated pay and benefit packages that largely immunize them to the punitive cost-of-living their policies have inflicted on everyone else.’

      ‘This is the story that has to be told to Californians of all colors, genders, origins and incomes. Because it is a story of oppression by a corrupt and self-interested ruling class, and all their rhetoric about “equity” and “inclusion” is a brilliant distraction from the real issues. With any luck, Gavin Newsom is about to stand trial for crimes against the common man. If that happens, the right candidate can beat Newsom, if they are unafraid to tell the whole truth, offer the hard choices, and explain how much better life can be in the Golden State.’

      https://californiaglobe.com/section-2/how-to-beat-gavin-newsom-in-a-recall-election/

      1. Only a few decades ago, California was the most prosperous state in the country.

        They did this to themselves.

        1. “They did this to themselves.”

          I wonder.

          “California Counties That Use Dominion: Alameda, Butte, Contra Costa, Colusa, Del Norte, El Dorado, Fresno, Glenn, Imperial, Inyo, Kern, Kings, Madera, Mariposa, Marin, Mono, Monterey, Napa, Placer, Plumas, Riverside, Sacramento, San Benito, San Bernardino, San Diego, San Luis Obispo, San Francisco, San Mateo, Santa Barbara, Santa Clara, Santa Cruz, Shasta, Siskiyou, Sonoma, Sutter, Tehama, Tulare, Tuolumne, Ventura, and Yuba.”

          https://www.sos.ca.gov/elections/ovsta/frequently-requested-information/voting-systems-used-counties/how-use-your-countys-voting-system/dominion-voting-systems-imagecast-evolution

          1. I wonder

            I don’t. The rest of the country will soon resemble California if we don’t demand election integrity.

      2. Even if he is recalled, he’ll just be replaced by another Bolshevik.

        I remember when Feinstein and Boxer captured both of California’s Senate seats. I knew that was the beginning of the end for the former Golden State.

        1. Feinstein and Boxer

          If I recall correctly their most famous work together was the 1994 assault weapon ban which helped to result in their party’s nationwide crushing loss at the polls later that year. Which then resulted in Clinton not being able to sweep his own mess under the rug, which led to his flouting of the convention that if you get caught red handed you resign for the good of the country. Which led to today…where nobody cares what they get caught doing because their base will keep them in office no matter what and the stupidest guy in politics is Al Franken for thinking honor still mattered.

          1. There are so many that need to be recalled. The damage these Clowns have caused is beyond acceptable. So many of these roaches .

          2. “…where nobody cares what they get caught doing because their base will keep them in office no matter what…”

            Title VII makes it very difficult to remove employees unless serious criminal activity has taken place.

          3. very difficult to remove employees

            You can always lay them off. Everyone knows that a mass layoff is a great opportunity to get rid of “deadwood”, you just have to wait six months before you hire replacements. And if you can get around that by hiring them before the layoff.

        2. Yep, Dominion will just elect more rabid demsheviks.

          20 years from now this country will be lorded over by President Post Malone and Speaker of the House Cardi B. Mass twerking at the inauguration, mandated bath salts in the water supply.

          1. 20 years from now this country will be lorded over by President Post Malone and Speaker of the House Cardi B. Mass twerking at the inauguration, mandated bath salts in the water supply.

            So you’ve seen the movie Idiocracy…

          2. “President Post Malone and Speaker of the House Cardi B.”

            I don’t want to out anyone, but one of those people moved to Utah because California’s gun laws were too restrictive and Utah was a freer place to be. Perhaps we’ve found the one person who could defeat Newsom in a recall?

          3. Its too bad society is so obsessed with popular culture and as the culture sinks into the abyss, so do our leaders. The US and Cali in particular all too often have to have this cult of personality aura emanating from those in executive office. I’ve thought about this and one person who could easily replace Gruesome in a heartbeat with at least 75% of the vote in that asylum of a state would be pro skateboarder Tony Hawk. Everyone knows and loves that guy but as far as I know he is not political (which is probably a big part of his popularity at this point). Of course its not too far of a leap to ending up with someone like Snoop Dog running HUD.

          4. Of course its not too far of a leap to ending up with someone like Snoop Dog running HUD.

            In most states I think Mike Rowe could take any office he wanted. But maybe not CA?

      3. ‘The political elite in California is a hereditary aristocracy. Brown, Pelosi, Getty, Newsom. A tribe, connected by blood and money. Newsom, the poor soul, might be aptly compared to Czar Nicholas, a weak man who was forced by fate to govern a fading empire. ”

        Yea that’s a pretty good description 💀

      4. a public sector bureaucracy coopted by union negotiated pay and benefit packages that largely immunize them to the punitive cost-of-living their policies have inflicted on everyone else.’

        Ask Arnold Schwarzenegger he knows. They showed him what terminated means when he was governor.

        1. I was there for that. The Governator was there to “blow up the boxes”…a proto-Trump. He got co-opted after his first term as he found out that the power is in the unions, which he is a member of (SAG).

          It’s simple…the Golden State took NYC’s and Chicago’s patronage practices and modernized them through the unionization. It’s just a big machine and if you’re middle class private-sector you’re just lube.

    2. “…including caring for his 91-year-old father, who requires round-the-clock care.”

      I smell a monthly social security “helper’s” check that wasn’t mentioned.

    3. Total deaths in the US this year, from what I can find, are down. So they have decided to destroy the economy for nothing.

          1. Maybe not going to work is good for your health…

            All I know is my dad had regular heart attacks every few years until he had a mild stroke instead and had to be medically retired. No more pressure to bring in a paycheck and he never had another one in the next 15 years. No diet changes the whole time, and he had stopped smoking and drinking after the first one.

        1. Fret not dear Wizard! The Ministry of Truth will be by shortly to make sure those numbers are correctly revised to show the “truth.”

      1. “So they have decided to destroy the economy for nothing.”

        They destroyed the economy and prevented stimulus checks in order to scuttle DJT’s second election chances.

        1. They destroyed the economy and prevented stimulus checks in order to scuttle DJT’s second election chances.

          Sounds about right.

        2. You’re forgetting about the thousands of people they killed just to deny DJT a victory regarding The Lupus Drug That Shall Not Be Named. No, it wasn’t great, but it would have saved people. Not to mention The Heartworm Drug That Shall Not Be Names.

          1. And to think they claim they are saving lives and protecting people. What kind of evil would do this.

      2. Total USA deaths this year have already exceeded the totals for 2019 and 2018, and this is through week 48.
        I dug around media & CDC & came up with the following:
        3,117,400: extrapolated total residents deaths 2020 52 weeks.
        2,877,601: 2020 total resident deaths through week 48 (from CDC). (one media report ”
         more people have died already this year than did in the entirety of either 2018 or 2019″ Also, more people have already died through the 48th week of 2020 than did during the entirety of 2019 or 2018. Death reports are usually delayed, so the final 2020 report will probably be even higher.
        2,854,838: 2019 total resident deaths registered in the United States (from CDC)
        2,839,205: 2018 total resident deaths registered in the United States (from CDC)

        1. Well, I hear different stats from Doctors, so when you get this control of information with a narrative you have to be suspicious of how much truth your getting and how they determine the truth.

  6. ‘DC rents in these types of high-end properties fell 10.7 percent, compared to 2019…‘Concessions are now nearly ubiquitous across the metro area, with multiple months of free rent being offered’

    Which means rents are down way more than 10%.

    1. And that’s the reason they won’t let RVs take the tunnels into Manhattan with even one bottle on board.

  7. After arriving in South Florida from Cuba, his family saw investing in rental properties as the only way they’d become financially independent and save up for retirement

    Some years ago (before bubble 1.0 popped), I flew into Boston and rode a shuttle to the rental car parking lot. The driver was an immigrant and he wouldn’t shut up about his rental properties and how they were going to make him wildly rich.

    It’s easy to see why people do this. It isn’t hard to meet people who are qualified for nothing more than a menial job who got lucky and made piles of money in real estate. I know a Mexican dude whose day job is to drive a fork lift, and has his own mini empire in Dumver.

    Go to college and learn to do all that yucky math and stuff? Forget that! Voy a comprar casas!

    1. It isn’t hard to meet people who are qualified for nothing more than a menial job who got lucky and made piles of money in real estate.

      I disagree. Most aren’t making a cent. There are precious few making “piles of money.” Even before the bubbles, making money as a landlord was incredibly tough. Add in expensive houses, and it’s nearly impossible.

      1. As I said, they got lucky. And of course, you never hear the ones who lost their azzes warn you to stay away, but the ones who succeeded love to gloat. I do know several people who bought when it was dirt cheap and who did great with the appreciation.

        1. I do know several people who bought low and sold high. A tiny number of successes always outweighs a vast number of dirt-poor loosers.

    2. The guy who bought my first house said he needed a lot of rentals because he was self employed (concrete) and would never get SS.. . 😂

  8. meanwhile back at ClownTown 🤡

    “Members of Congress have not read this bill. It’s over 5,000 pages, arrived at 2 p.m. today, and we are told to expect a vote on it in two hours,” Rep. Alexandria Ocasio-Cortez, D-N.Y., wrote on Twitter on Monday. “This isn’t governance. It’s hostage-taking.”

    Sen. Ted Cruz, R-Texas, agreed — the two do not agree on much.

    “It’s ABSURD to have a $2.5 trillion spending bill negotiated in secret and then — hours later — demand an up-or-down vote on a bill nobody has had time to read,” he wrote on Twitter on Monday.

    The items jammed into the bill are varied and at times bewildering. The bill would make it a felony to offer illegal streaming services. One provision requires the CIA to report back to Congress on the activities of Eastern European oligarchs tied to President Vladimir Putin of Russia. The federal government would be required to set up a program aimed at eradicating the murder hornet and to crack down on online sales of e-cigarettes to minors.

    1. I was especially puzzled by the money for “gender programs in Pakistan”. What exactly is a “gender program”? Something that promotes feminism, or something else? Last I checked, Pakistan is an Islamic Republic.

  9. The first article Ben linked to, from USA Today, is entitled “Will new coronavirus relief package be enough? Black and Latino landlords could lose big”.

    But then the article itself only discusses immigrants.

    Hmmm.

    Susana Lay, “now 54, who emigrated from Venezuela with her Chinese parents to the U.S. after high school“,

    So a Chinese lady from Venezuela is Hispanic? Or Latino? I’m not even sure what any of these terms really mean, ethnically, except maybe that people designated as such, or their ancestors, came from, or transited briefly through, a country whose official language is Spanish. Are people from Spain Latino?

    And then there’s Hector Alvarez, from Cuba. While there are Black Cubans, I believe most of them are almost entirely of European ancestry. But then there’s that Latino/Hispanic designation again, since Cubans speak Spanish? It’s not like Mexico or Central America, where a large percentage of the population has significant indigenous ancestry, nor is it like Brazil, where most have significant African ancestry. Cubans are almost entirely as European as I am.

    I mean, what kind of bullsh!t is this?

    1. “A report by the Urban Institute found approximately 12% of landlords with a mortgage are in forbearance. Of these, 20% are Black and 14% are Latino, compared with 9% who are white. ”

      Evil, racist Whitney at work here narrative

      “Home equity is the single largest source of wealth for Black and Hispanics, and it’s a much larger portion of their net worth than it is for white families,” said Goodman, of the Urban Institute.”

      More racism! Fu*king crackers. Funny how they leave out Asians

      “But for many people of color, homeownership remains out of reach after decades of systemic redlining practices where banks and financial institutions limited loans, mortgages and insurance in specific geographic areas.”

      How the F**K did you she brought 6 properties then? Should have paid off one FIRST but she gambled with her families, and use the sweet equity to ascertain more shacks. Now, it’s whitney’s fault.

      “Comparatively, renters who are white have a median net worth of $8,900, versus Black and Latino renters at $1,830 and $5,800 respectively.”

      WTH, loser renters LOL.

      1. decades of systemic redlining practices

        Decades of redlining which was outlawed decades ago, in1968. I wasn’t even alive 50+ years ago, and yet I managed it. Most of my neighbors are POC who weren’t alive 50+ years ago either, and yet somehow they managed too. If you can’t pick yourself up after 50+ years, then maybe it’s not the system, it’s you.

      2. Funny how they leave out Asians

        Yep, and the San Diego unified school district is ending the evil racis policy of grades because whites get less F’s than POC. They never mention the number of Fs asians get, because theyre invisible, figments of the imagination and dont exist except to karate chop people in movies or be co anchors on TV fake news shows. oh, and they just happen to be roughly 60% of students at good universities unlike the dying commie ivy leagues that favor the tribe and their pet POCs.

        https://www.zerohedge.com/political/san-diego-schools-eliminate-grading-anti-racist-education-push

    2. Are people from Spain Latino?

      I believe they are called “Spaniards”. Likewise, people from Mexico are Mexicans, people from Colombia are Colombians, etc.

      The whole “Latinx” thing is especially insulting.

      1. The Washington Post had a bedwetting article recently about how only 3% of Latino / Hispanic / Mexicans use that fake word.

          1. Today, surveys show that people of Latin American ancestry in the United States often prefer to describe themselves by referencing their specific countries of heritage, according to a 2019 Pew survey.

            Who could have guessed?

          2. Which is fine, if you actually know their country of heritage from looking at them. But if you don’t know, you have to use a broader term or risk being wrong. So we’re stuck with regional terms like “British” or “Middle Eastern” or “Southeast Asian” or “Western European” or “Eastern European” or “Central American.”

          3. You can always ask them, instead of using the insulting made up label.

            In the USA you are no longer allowed to ask where people are from.

          4. In the USA you are no longer allowed to ask where people are from.

            They seem to be quite proud of where they are from.

          5. I’m talking about identifying voting blocs or groups from a distance, not individual people. How would you refer to “Hispanic voters,” for instance? There’s no specific person to ask.

          6. How would you refer to “Hispanic voters,” for instance?

            Is there such a thing? Do Mexicans and Cubans have the same politics?

    3. ’m not even sure what any of these terms really mean

      https://www.dictionary.com/e/hispanic-vs-latino/:

      Hispanic specifically concerns the Spanish-language-speaking Latin America and Spain

      Latino specifically concerns those coming from Latin American countries and cultures, regardless of whether the person speaks Spanish

      In another way of looking at it, Hispanic is linguistic and Latino is terrestrial.

        1. I confess…I couldn’t make through the entire clip. But the comments prove that there’s still hope for humanity.

  10. 🎄I wish you all the tidings of comfort and joy that falling housing prices bring this Christmas season🎄

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

  11. Ok, so someone way above me posted that their research shows that the death rate is going to be higher this year because some of it is delayed.
    But, how many people died from other causes as a direct result of lockdowns like suscide, increase crime, delayed medical care, other Respiratory diseases , etc etc.
    So, we will see what the final figures are. But, in the final analysis, if the Covid-19 test isn’t accurate to begin with than Cause of death is inaccurate.
    If you add up all the evidence starting from when they first started talking about the thing from China, the cover story has changed repeatedly. It went from masks are useless, to masks are vital, etc, etc.
    Now , control of the narrative and suppression of counter opinion iand fact is evident. So, that is evidence in itself that truth isn’t the objective here.

    1. I don’t think they care what the majority thinks anymore. If they have the power they are going to do what they want. Than the fake news will chant how wonderful it is.

  12. If I was Trump I would be so tired of fighting all these forces against him.
    I know Trump is a fighter but, it’s so overwhelming how much they want to defeat him. They want to defeat his Voters because he only represents them. How they feel about Trump is how they feel about over half the Country. Why do you think BLM targeted small business. Why do you think the White race is being targeted, or traditional America. They are using race as a weapon to topple the USA.
    The narratives are absurd, and they are just making this stuff up.
    They are targeting the Police because law and order isn’t something that benefits them. It’s the breakdown of law and order that they seek.

    Hard to watch.

    1. They are targeting the Police because law and order isn’t something that benefits them. It’s the breakdown of law and order that they seek.

      That’s where I think they are making a fatal mistake. They should have waited until after the disarmed the deplorables before letting that part of the mask slip. Now law and order might be required for their survival.

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