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Buyers Want Their Pound of Flesh

A report from PBS News Hour. “Landlords in Connecticut are not alone – without federal assistance economists estimate that by mid-January renters across the country will be behind by about $70 billion. And the losses go well beyond market-rate buildings, the very groups advocating for housing are also feeling the pain. Noah Gotbaum: ‘Normally we have five to eight percent of our tenants overall who are delinquent or late on rent in arrearages. It’s five times that now. If we lose 15 or 20 percent of our rents, which is what’s happening now, we can’t keep lights on. We can’t provide utilities. We can’t do the cleaning. We can’t repair the holes in the roofs.'”

“Doris Latorre is the deputy director of Building Neighborhoods Together . ‘We find a lot of people that we go, ‘Hey. You know, you sent an email on this date and we haven’t heard from you, are you not, you know, do not need it anymore? They go, ‘Oh, my God, I desperately need the money. And we’re getting a lot of calls from landlords. They themselves are behind on their mortgage because the tenant is not paying the rent. So, you know, they are going themselves through the process of trying to get caught up in the mortgage and really desperately need the money.'”

The New York Times. “In just nine months, the coronavirus has reversed a decade of rampant rent growth in New York. ‘It’s absolutely insane, but I’m getting deals I couldn’t believe the landlord would accept,’ said Beatriz Moitinho, an agent with Keller Williams NYC.”

“The change was sudden. At the Kips Bay Towers, a luxury apartment complex, Ms. Moitinho leased a 500-square-foot studio for $2,595 a month in June. Three months later, she leased a similar unit on the same floor for $1,900 a month, a 27 percent drop. Another similar unit is now in contract for $1,800. Still, buyers want their pound of flesh. From March to September, homes in Midtown Manhattan, the center of the real-estate universe before offices and businesses shuttered, sold for the biggest discount of any neighborhood in the city.”

“While discounts were scarce at the Central Park South condominium, buyers did find plenty of deals elsewhere in 2020, as developers and individual sellers were willing to negotiate in the face of the year’s challenges, and even offer some concessions. ‘It’s not selling if it’s not at a discount,’ said Hall F. Willkie, the president of Brown Harris Stevens, adding that the reductions he saw ranged from 7 to 20 percent.”

From Bisnow New York. “The coronavirus pandemic has hit the city’s hotel operators hard, and one of the flashiest proprietors is no exception. Aby Rosen has fallen behind on his ground lease payments at the Gramercy Park Hotel to the tune of nearly $900K, and his company, RFR Realty, is now facing eviction, Artnet reports. The hotel closed at the onset of the crisis and has not reopened to the public. Like many of its peers, it faces an uncertain future in the current climate. The city was already oversupplied with hotel rooms well before the pandemic, and traditional operators were forced to compete with short-term rentals like Airbnb.”

The Desert Sun in California. “The Miramonte Resort and Spa in Indian Wells will reopen in 2021 under a new owner and management, after staying closed through most of 2020 due to the coronavirus pandemic. Lowe, a commercial real estate investor and developer, announced Monday that it purchased the 215-room resort-style property. Situated on 11 acres off Highway 111, the Miramonte has multiple suites and bungalows onsite, sweeping mountain views, lush landscaping, and restaurants, outdoor pools and a large spa.”

“Property records show the hotel fell into foreclosure due to being in default of $92,165 dollars as of late May. Sale records weren’t immediately available, and a Lowe representative declined to share the price they paid for the property. Current commercial real estate listings show several other hotels for sale in the desert, including the Travelodge and adjacent properties in Palm Springs, the 18-room Monkey Tree Hotel in Palm Springs, and the seven-room The Good House Hotel in Desert Hot Springs.”

“Nationwide, many hotels are on the verge of closing or selling as the pandemic puts a halt to leisure and business travel. The historic Roosevelt Hotel in New York closed in October, citing the ‘current, unprecedented environment and the continued uncertain impact from COVID-19.'”

The Globe and Mail in Canada. “”Impending restrictions on travelling within Ontario are the latest blow to hotels that have lost most of their guests but for the occasional domestic traveller or front-line worker. Occupancy rates sank as low as 2.5 per cent for some hotels during the pandemic. ‘The lockdown has caused further cancellations of bookings,’ said Alnoor Gulamani, who owns nine hotels in Ontario through his Bayview Hospitality Group. ‘There was still travel happening within Ontario. This will come to a grinding stop if it is only folks who must travel that can travel,’ he said.”

“Mr. Gulamani’s hotels, which are mostly Hilton brands, have an occupancy rate of about 10 per cent. That is well below his previous year’s occupancy levels in the 80-per-cent range, when his hotels were full of business travellers, group meetings and international tourists. It is the same situation for Silver Hotel Group, which has 20 hotels in Canada including Hilton, Delta and Novotel brands in the major cities.”

“‘Most of our business was coming locally from within Canada,’ said Deepak Ruparell, president of Silver Hotel, which has had between 10-per-cent to 15-per-cent occupancy rates. ‘It is very challenging right now,’ he said.”

“Hoteliers such as Mr. Gulamani and Mr. Ruparell have qualified for some government help, such as the wage subsidies, but not for their fixed costs. Mr. Ruparell is looking at alternative uses for some of his extended-stay hotels, which have rooms with kitchens. He is converting one of them into a senior-care facility and will be selling it.”

“Mr. Gulamani said the past nine months have been the most difficult in his three decades of running hotels. He said his hotels are in danger of closing permanently. ‘We can’t continue at 10 per cent-or-below occupancy,’ he said. ‘One of the most difficult decisions that a business owner has to make at this time is: Until what time do you just keep loading yourself up with debt before you give up. Loading up with debt is exactly what has been happening because we haven’t had enough revenue from our businesses.'”

The Africa Report. “Egypt is the top priority for the expansion of Radisson’s serviced apartment offer, Ramsay Rankoussi, vice-president for development in Africa and Turkey, tells The Africa Report. Cairo is showing ‘very strong demand’ for such apartments, which are now under construction, Rankoussi says from Dubai. Casablanca and Tangiers in Morocco and Nigeria’s Abuja are the next targets, with Johannesburg and Cape Town possible later additions, he adds.”

“Globally, none of the company’s apartment operations have been forced to close because of COVID-19. The apartments are financed by third-party investors, which are often African individuals or family businesses, and then branded and managed by Radisson. They are easier and faster for contractors to build than hotels and can be completed in 24 to 36 months, says Rankoussi.”

“According to the 2020 Hotel Chain Development Pipelines in Africa report, the number of rooms in the hotel chain pipeline in Africa has risen 31% since 2016. North Africa has seen the continent’s fastest pipeline growth, with 46%. Egypt has Africa’s largest hotel room pipeline, with 17,163 rooms, more than double second-placed Nigeria. Hotel room oversupply in Cairo is ‘slightly alarming,’ the report says. The ‘new normal’ will be for oversupply of hotel rooms globally, it adds.”

From Domain News in Australia. “The number of days Melbourne homes are sitting advertised for rent jumped a staggering 40 per cent in November compared with this time last year, new analysis shows. At the same time, the proportion of Melbourne rental properties that have been discounted has also skyrocketed, according to Domain. The analysis shows landlords in inner Melbourne, including the CBD and Southbank, and the inner east, in suburbs such as Prahran, Windsor and South Yarra, have been discounting more often than anywhere else, as they attempt to fill empty apartments by offering cheaper rent.”

“Dionne Wilson, of Harcourts Melbourne City, says she is not surprised by the high number of rental properties being discounted. ‘I thought those numbers could have been even higher,’ she says. ‘Everything we are currently bringing to market is being rented for a lot less than they were a year ago. Some of our rents are up to about 40 per cent lower and we’re seeing some properties sit on the market for months. One property we had had been vacant for 11 months and we’ve had others that have been vacant for five to six months. Previously, our properties would be vacant for a couple of days,’ she says.”

This Post Has 109 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

        Some videos worth watching:

        https://twitter.com/realDonaldTrump/status/1341948764068704256?ref_src=twsrc%5Etfw

        Rudy Giuliani Shuts Down Every Single Democrat And Troll In 6 Minutes

        https://www.youtube.com/watch?v=UUQqLNmap9c

        1. This is a bedwetting article.

          Center column, top of the New York Times website right now — Trump’s Fraud Claims Died in Court, but the Myth of Stolen Elections Lives On:

          https://archive.is/sFvYC

          It’s not even worth quoting from. This is allegedly the most important newspaper in the country and it is blatant lies. President Trump was, in fact, correct when he said that “the media are the enemy of the American people.”

  1. ‘declined to share the price they paid for the property’

    You see this a lot in CRE. Translation = they took an a$$-pounding.

  2. ‘The apartments are financed by third-party investors, which are often African individuals or family businesses, and then branded and managed by Radisson. They are easier and faster for contractors to build than hotels and can be completed in 24 to 36 months’

    ‘the number of rooms in the hotel chain pipeline in Africa has risen 31% since 2016. North Africa has seen the continent’s fastest pipeline growth, with 46%. Egypt has Africa’s largest hotel room pipeline, with 17,163 rooms, more than double second-placed Nigeria. Hotel room oversupply in Cairo is ‘slightly alarming,’ the report says. The ‘new normal’ will be for oversupply of hotel rooms globally’

    Again, building into oversupply. QE is ultimately deflationary.

    1. They are easier and faster for contractors to build than hotels and can be completed in 24 to 36 months’

      36 months? The local Marriott was built in well under 12 months.

      1. The other day I posted a silent video on US shack building in the late 1920’s.They were using 4 by 4’s instead of 2 by 4’s. Hammers, no nail guns. Windows were hand crafted on site. Fairly modern electric and plumbing, but more time consuming and more handwork. It’s didn’t look like it took that long.

        Consider that shacks were relatively much less expensive than today. And all the men working were being paid a living wage (no Guatemalans in sight) that could support a stay at home wife. Housing costs are a scam of the highest order.

        1. No government involvement in mortgages.

          Gold standard.

          Bankers went to jail for fraud and GAAP violations.

          Interest rates at 5%.

          Enforced and tough immigration laws.

          Equals…

          AFFORDABLE HOUSING

        2. late 1920’s

          Original Sears Craftsman houses aren’t highly coveted for nothing. On the other hand, those houses are notoriously small. Their clothes closets were the size of linen closets, and there was barely a kitchen.
          And I guess the land was relatively cheaper too.

          1. Price Reduced On Land For Sale In El Cerrito

            A quarter-acre lot on Earl Court has been lowered to $400,000. It was originally listed back in March for $540,000.

            https://patch.com/california/elcerrito/price-reduced-land-sale-el-cerrito

            ‘The average price of homes in the U.S. increased from below $50,000 in 1963 to $384,500 in 2020. In 1975 every region of the country had an average home sale price of under $75,000 but by 2020 the Northeast had an average sale price of over $500,000 while the South and Midwest had an average price of just more than $300,000.’

            https://www.hannapub.com/ouachitacitizen/opinion/columns/bill-roark-sussing-out-the-truth-about-home-prices/article_73d49da8-0e21-11eb-a320-fb2da5592050.html

            ‘In 1975 every region of the country had an average home sale price of under $75,000’

            And probably with a 15 year loan, max.

          2. People didn’t buy racks of clothes to sit all year for the one occasion, or multiple shoes bags etc. yes houses were very small, but my grandmother had almost an acre of land and we had apple pear cherry trees, a garden which we as kids had to till by hand each year, a chicken coop for fresh eggs but then most of the neighbors had the same. and this was in Norwalk ct not some farm country.

          3. Original Sears Craftsman houses aren’t highly coveted for nothing.

            My great aunt (grandmother’s sister) and uncle ordered their tiny house from a Sears catalog, and the entire lumber package including roofing, etc. came in on the train. My uncle told me the story of building it. This was sometime in the 1930s.

            I loved the house. It was a one bedroom (they never had kids) with tons of character and charm. It had a brick fireplace, and a basement that was a workshop. The door off the kitchen to the side of the house led to a covered porch area, and then those stairs either led to the backyard or down to the basement if you took the second flight.

            The front had a large covered porch where you could sit, too. There were lots of architectural details and molding. All of the materials were high quality and remained when they ended up selling the house to go into assisted living in the 1990s. Same wood floors, same cedar siding, etc., though the roof had been replaced at least once. My uncle kept up on the maintenance.

  3. ‘Hoteliers such as Mr. Gulamani and Mr. Ruparell have qualified for some government help…‘We can’t continue at 10 per cent-or-below occupancy…One of the most difficult decisions that a business owner has to make at this time is: Until what time do you just keep loading yourself up with debt before you give up. Loading up with debt is exactly what has been happening’

    Remember the Miami LL recently mentioning he burned through savings and loaded up on credit card debt? It’s happening all over. Somebody is gonna have to eat these sh$t sandwiches.

    1. Congress is feverishly working on getting the taxpayers to do exactly that…with a tiny $600 bribe.

      “Somebody is gonna have to eat these sh$t sandwiches.”

      1. A lot of these renters owe 10,000 to 30,000 pesos. The lying media keeps telling us the SHTF if this 600 peso thing doesn’t go through, along with the Pakistani gender crap, etc.

        1. Yeah, these fawkers are lying through their teeth. It’s sinful. They’re acting like $600 is going to make or break the entire country when it doesn’t even pay a week’s bills for most people. Get a rope.

    2. Somebody is gonna have to eat these sh$t sandwiches.

      All of this sounds very deflationary. Yet we know the Fed will do anything in their power to avoid that. Who will win this time?

      1. If deflation kicks in, what’s to stop the FedRes from printing more money and having the Treasury hand it out to the plebs?

  4. So – did that work on the way up too?

    “Still, buyers want their pound of flesh. From March to September, homes in Midtown Manhattan, the center of the real-estate universe before offices and businesses shuttered, sold for the biggest discount of any neighborhood in the city.”

  5. ‘The change was sudden. At the Kips Bay Towers, a luxury apartment complex, Ms. Moitinho leased a 500-square-foot studio for $2,595 a month in June. Three months later, she leased a similar unit on the same floor for $1,900 a month, a 27 percent drop. Another similar unit is now in contract for $1,800’

    The NYT can’t help but reflect on the time when you could hardly get in on one of these safe deposit box in the sky deals. Like the wework debacle.

  6. ‘Some of our rents are up to about 40 per cent lower and we’re seeing some properties sit on the market for months. One property we had had been vacant for 11 months and we’ve had others that have been vacant for five to six months. Previously, our properties would be vacant for a couple of days’

    Gosh, I hope no one overpaid back then Dionne!

    1. The hyperinflation in rents was completely unsustainable. For how long can you charge more than incomes support? It doesn’t work.

  7. So….you’re fooked.

    “One property we had had been vacant for 11 months and we’ve had others that have been vacant for five to six months. Previously, our properties would be vacant for a couple of days,’ she says.”

    1. Seems like China’s reduced demand for raw materials brought about their economic comeuppance well before the covid-19 pandemic arrived.

  8. ‘Normally we have five to eight percent of our tenants overall who are delinquent or late on rent in arrearages. It’s five times that now. If we lose 15 or 20 percent of our rents, which is what’s happening now, we can’t keep lights on. We can’t provide utilities. We can’t do the cleaning. We can’t repair the holes in the roofs’

    ‘And we’re getting a lot of calls from landlords. They themselves are behind on their mortgage because the tenant is not paying the rent. So, you know, they are going themselves through the process of trying to get caught up in the mortgage and really desperately need the money’

    Wa? I thought no one had to pay anything anymore? Maybe there is a downside to shutting down the global economy.

    1. Tenants who don’t pay the rent still expect the heat to work, plenty of hot water, grounds kept up, toilets to be unclogged, and cleaning of common areas. Etc.

      The city still expects property taxes to be paid.

      Gee – what could go wrong?

    2. Normally we have five to eight percent of our tenants overall who are delinquent or late on rent in arrearages. It’s five times that now.

      40% of tenants are late on rent. WOW.

  9. ‘California has seen a surge in CCP (Chinese Communist) Party virus cases despite imposing some of the strictest lockdown measures of any state in the United States.’

    ‘The state became the first to record 2 million confirmed coronavirus cases, reaching the milestone on Christmas Eve as nearly the entire state was under a strict stay-at-home order.’

    https://www.theepochtimes.com/california-becomes-first-state-to-surpass-2-million-covid-cases-despite-strictest-lockdown-measures_3632932.html

    Maybe mouth hankeys don’t do anything?

    Meanwhile down the road in Arizona, nobody is locked down. Hmmm.

      1. This perfectly describes the situation. If the billionaire cucks couldn’t have their servants waiting on them, there would be no lockdowns.

    1. Meanwhile down the road in Arizona, nobody is locked down. Hmmm.

      We’re planning to pass through LA in the morning on the way to Tucson and then up to the Grand Canyon. It’ll be nice to get out of the land of paranoia for a bit. Tonight we’ll stay just north of LA and probably keep a low profile until we’re out of the state.

      1. and probably keep a low profile until we’re out of the state

        You make it sound like you’re trying to escape from East Germany. Your papers, please.

      2. Tonight we’ll stay just north of LA and probably keep a low profile until we’re out of the state.

        Aren’t you in an RV? That’s high profile.

  10. “The number of days Melbourne homes are sitting advertised for rent jumped a staggering 40 per cent in November compared with this time last year, new analysis shows.

    Is that a lot?

    1. For you RE wizards out there: what’s the ROI on an airbox that sat vacant for 11 months and has a 40% price decrease? How do those 5% cap rates look now?

  11. I can still remember when Denver was a nice place to live, though it was less “vibrant” than it is now:

    The westbound lanes of Interstate 70 closed for a while between Havana Street and Central Park Boulevard after a shooting Saturday night, Denver Police said.

    According to the Denver Police Department (DPD), a road rage incident led to shots being fired into a vehicle about 9:30 p.m.

    DPD said no one was injured in the shooting, but there was a crash.

    One man was arrested on traffic charges, DPD said, and a shooting suspect is still on the loose. Police said the shooting suspect is a male last seen in a two-toned Chevrolet pickup truck.

    The interstate reopened about an hour later, according to DPD.

    Since the suspect’s race is not described, we know it was some flavor of vibrant.

    1. shots being fired into a vehicle … no one was injured.

      The suspect appears to be of the white Stormtrooper race.

  12. How can this real estate bubble not crash. First, the demand goes down with everyone running to exit.
    Don’t care what they do to prop it up .
    Than it’s a issue of what gets bailed out . We have been down this road before in 2007, but it will be worse this time IMHO.
    How can they destroy small business and all those jobs without it affecting real estate demand? I’m picturing a bigger depression than 2009. This time bail outs will be justified by Covid 19 , and guess who gets the bail outs, one hint , won’t be the little guy.
    They had to get rid of Trump so the Swamp could do what the Swamp does.
    I hope TRUMP prevails against this election that was rigged. .
    Fake news glorifying those Traitor/ Puppets , being Biden/Harris ,would be just to much. What are they going to do when they don’t have the villian Trump to attack 24/7 ?

  13. Comrade Pelosi took months to deliver a pork-filled “relief” bill packed with such lunacy as $10 million for gender studies in Pakistan, while offering a measly $600 for those unemployed due to mandated COVID lockdowns. Now, predictably, the MSM is painting Trump as the bad guy for not signing this “aid” bill. Meanwhile, the free cheese is rapidly running out of millions of jobless hanging on by a thread.

    https://www.reuters.com/article/us-usa-trump/millions-of-americans-lose-jobless-benefits-as-trump-refuses-to-sign-aid-bill-idUSKBN29003U

    1. Now, predictably, the MSM is painting Trump as the bad guy for not signing this “aid” bill.

      Right. And they trotted out that corrupt cadaver Pedo Joe yesterday to deliver the message.

      1. Back in the eighties, it was Reagan horseback riding. Today it’s Pence golfing in the sunshine while the squatting Troglodytes wait on food handouts in their $40k SUVs.

  14. Guardian article published today about lingering CCP Flu symptoms, what’s worth noting is the prevalence and cost of self-afflicted health problems:

    “The NIH estimates that 8% of the US population has an autoimmune disease. The national obesity rate is above 40%. Diabetes affects more than 10.5% of the population. In other words, the US already has a chronically ill population – and Covid-19 is only going to make that worse. Economically speaking, preventable chronic diseases account for nearly 75% of aggregate healthcare spending in the US, or an estimated $5,300 per person annually, according to the CDC. Six in 10 adults in the US have at least one chronic disease; four in 10 have two or more chronic diseases. We have long been an unwell nation, even before Covid-19. If anything, Covid long-haul syndrome shines a necessary spotlight on the United States’ chronic problem.”

    I am surprised that they even published this next paragraph, considering the endless #Narrative about “healthy at any size” or that people are supposed to find unhealthy, lazy, slothful people who are incapable of self-control to be attractive.

    “The current health care model doesn’t work. There needs to be more emphasis on lifestyle interventions with a broader understanding of integrative practice. The goal of these prevention strategies is to help Americans live longer, live healthier, and live cheaper. Simply put, preventative healthcare saves money and lives. For instance, researchers have recently discovered that type 2 diabetes can be reversed with early intervention. Headway has been made in treating multiple sclerosis and lupus with immune treatments, as well as with diet and exercise. Almost all chronic diseases are preventable by integrative practices and early intervention.”

    https://www.theguardian.com/commentisfree/2020/dec/27/america-healthcare-system-coronavirus-covid-long-haul

    1. They said in the article that the current health care model doesn’t work in terms of how sick the population is.
      They use to talk about lifestyle and.diet etc. 50 years ago , but that was replaced with a pharma med for everything.
      They have this ” Standard of Care,” and if a Doctor doesn’t do it they can get in trouble. So, basically Dr’s are forced to do the Standard of Care, even if they don’t like it. So, Doctors are under this tyranny of the system that evolved.

      1. The medical system has become so expensive in the US, that it’s just not sustainable. Just like the real estate prices aren’t sustainable, or anything else that has skyrocketed and hasn’t tracked with wages.
        Using unsustainable debt isn’t going to work in the long run.

  15. SolarWinds’ Parent Company Owned Data Center Affected By Nashville Christmas Day Bomb Until 2015

    by National File
    December 27th 2020, 5:26 am

    On Christmas morning, police responded to a “shots fired” call and came upon a strange RV that was close to an AT&T building on near Second Avenue and Commerce street. The police did not find any evidence of a shooting, so they called in the bomb squad. About 30 minutes later, the RV exploded after playing a recorded message that said “If you can hear this message, please evacuate now.”

    The explosion resulted in three injuries, building damages, and a disruption of AT&T service in the area. The bombing appears to be intentional according to authorities.

    National File has learned that the location of the explosion was in the same spot as a data center owned by a company called SunGard, on 200 Commerce Street.

    Silver Lake, a $75 billion investment firm with questionable ties to China, bought SunGard in 2005, according to a Blackstone press release.

    In 2015, SolarWinds was purchased by Silver Lake and Thoma Bravo for $4.5 billion, according to the SolarWinds website.

    Ten years later, Silver Lake sold SunGard to Fidelity National Information Services Inc. for nearly $11 billion in August 2015.

    Silver Lake has recently come under fire for their questionable ties to the communist Chinese, who President Donald Trump suggested may be behind the SolarWinds cyber attack as National File reported.

    Furthermore, National File has confirmed that Dominion Voting Systems does in fact use at least one of SolarWinds’ products.

    https://www.infowars.com/posts/solarwinds-parent-company-owned-data-center-affected-by-nashville-christmas-day-bomb-until-2015

      1. AND they will have covid, along with millions of others who don’t die of it, and some of whom only have mild symptoms, like my son did.

  16. This is what happens when you start running around outside the iron curtain.

    ‘Like it was a drug raid’: Stockton salon owners speak out against police enforcement visit due to COVID-19 violations

    by: Lonnie Wong, Nexstar Media Wire

    Posted: Dec 25, 2020 / 11:14 PM PST / Updated: Dec 25, 2020 / 11:14 PM PST

    Customers and stylists at Stockton’s Pomp Hair Salon saw something they never expected to see on Wednesday — armed officers bursting into the business.

    It happened because the salon was open in violation of state COVID-19 restrictions.

    The couple said they believed they were singled because they are outspoken critics of how lockdown rules are applied, citing health protocol violations by the governor and other officials.

    “There’s these people in authority who are setting these restrictions for our citizens who are not following it themselves,” Ballin said.

    They said that they have to speak up for the 43 stylists who work in the salon and for the industry.

    “We don’t want to be doing this, any of this. We don’t want to be doing this interview today. We just want to open and work. We just want our rights,” Ballin said.

    https://ktla.com/news/california/like-it-was-a-drug-raid-stockton-salon-owners-speak-out-against-police-enforcement-visit-due-to-covid-19-violations/

      1. Anarcho-tyranny at its finest. It’s only a matter of time before they raise the Hammer and Sickle at the city hall flag pole.

        1. Can’t they just put a sign on a business saying something like if your over 65 or have medical conditions you are entering at your own risk.. You know like they have on cigarettes.
          And, I don’t know why they aren’t using that ultra violet light tenecology more to combat Covid .

          1. “They” don’t need to do anything. We all know already that we are living at our own risk.

            As for UV, nobody is getting sick touching their mail or groceries, so what’s the point?

      1. “Once you stop watching it, you don’t even miss it.”

        +1

        That is 100% true and I am actually quite shocked it was so easy but also feel pretty damn good about having struck a blow against the Social Justice machine.

        Turn that sh#t off so they can’t sick a Wokee on ya.

        1. I caught a glimpse of the English Premier League Saturday morning. The stadium was empty, no spectators. They had tarps covering the seats. One of them proudly proclaimed “Black Lives Matter”.

          Just how many thugs, of any race, are shot by British police? I thought they were mostly unarmed.

  17. So, all the States that don’t have harsh lock downs like California, won’t have a choice if Biden gets in and Mandate a National Federal Lockdown. Correct me if I’m wrong, but I believe Biden could do this.

    1. Federal Lockdown

      It’s clearly the exercisable power of choice these days among Marxist Governors while we have a Conservative President who favors State’s Rights. If a Marxist President tries this, it won’t be objected to on its merits, rather on who has the power. So the Dems will begin their infighting and Conservatives will build hate. What a way to start the new year!

    2. I’m pretty sure states will declare they are “sanctuary” states and tell the Feds to piss off. What is Biden going to do, send in the FBI to shut down a nail salon?

      1. What is Biden going to do, send in the FBI to shut down a nail salon?

        They might send BLM/Antifa to shut them down. Of course, the local governor could summon the national guard to deal with them.

        Things could get interesting.

    1. They are probably counting on Les Deplorables being disorganized and timid, unwilling to fight back should heavily armed LEOs show up at their doors.

  18. In California they are now saying that they will start health care rationing .
    What in the hell do they mean by that threat? Are they going to tell emergency patients to go die in the streets? They closed down a lot of elective care for a while, than they opened it up again. I’m just saying what do they plan on rationing? Do you have to pay health insurance if they can’t or won’t provide the care. Do you have to pay taxes if they don’t provide police?

    1. From what I have read the threat is based on the notion that they will need to reserve hospital beds for Covid patients, so that elective surgery would be deferred.

      As I’ve mentioned before, here in the Centennial State the powers that be converted the Denver Convention Center into an overflow Covid treatment center, and it has remained unused all year.

      I think that the Clownifornia powers that be making this threat is just another power grab.

      The smart people will abandon this sinking ship of a state as soon as they can, especially if they are trying to raise a family. Forget moving to Sacramento, just leave.

      1. it has remained unused all year.
        Two weeks ago I read that part of this facility was going to be used for outpatient monoclonal antibody infusions for high risk recently test + COVID-19 patients. Didn’t that happen? However, many of these programs are not getting media coverage. Even state health departments are not publicizing them, except for a few like Texas and Florida.

          1. 9News.com “Colorado’s Department of Public Health said it got 1,130 doses on Dec. 2 and another 960 on Dec. 9” However, I went to the DPH website and couldn’t find this news using their search engine.

    2. In California they are now saying that they will start health care rationing. What in the hell do they mean by that threat?

      It means that if there is one bed left, and it’s either you or a 20 something that needs critical care, they have to make a choice on which patient they’re going to save. Naturally, the younger person has more of a life ahead of them, so they will be chosen every single time.

      1. And what if the younger person is disabled? Welcome to socialized medicine where the government decides whose life is more worthy.

        1. RR,
          What your saying is exactly what I don’t like about Government making choices regarding health.
          It like when you heard them fighting over who gets the vaccine first.
          It’s really picking winners and losers regarding health care . If you ask me this is dangerous Nazi like s__t.

          1. 2,500 healthy Britons are about to participate in the world’s first COVID-19 ‘human challenge’ – letting the government infect them with SARS-CoV-2 in order to see how the virus reacts to an experimental vaccine. What could go wrong?!

      2. start health care rationing. Hospitals are already doing that, simply by not providing or not publicizing outpatient monoclonal antibody infusions for high risk recently diagnosed COVID-19 patients. Munson Medical Center in Traverse City MI put a PDF on their website saying they refuse to offer this treatment, for a variety of reasons, one of which was simply ‘too much to bother with, we are so busy’. I read on online comment from someone whose 90+ year old grandparents were sent home after they tested +. Their PCP told them to take Tylenol and wait it out. Granddaughter didn’t agree. She tried and failed to get in touch with the PCP. She then was somehow able to contact an infectious disease specialist at a Boston hospital. That one issued a Rx for the infusions, both grandparents got the, both got better within two days. In brief, “rationing” is already happening, but is not being called that.

          1. I have so many old friends and relations in the Munson catchment area, and feel bad they really have little real help if/when they turn + for COVID19.

    1. It’s about time for Mark Hulbert to do one of those contrarian “market gonna crash” pieces, based on the astute observation that when everyone thinks the market will always go up from now on, a crash is baked into the cake.

      The thing is, the pandemic recovery is already fully priced into valuations, and then some, making you wonder how much higher it can go from here. I guess only the sky is the limit?

      Market Snapshot
      Stock-market pros are having a tough time imagining an S&P 500 slump in 2021
      Last Updated: Dec. 27, 2020 at 1:34 p.m. ET
      First Published: Dec. 25, 2020 at 8:30 a.m. ET
      By Mark DeCambre
      Bear case? There may be only bulls left in 2021
      What’s the outlook for the stock market in 2021?
      Takashi Aoyama/Getty Images

      Farewell, 2020. Hello, 2021.

      It is onward and potentially upward, Superman style, for the U.S. stock market next year, based on analysts’ ambitious year-end targets for the S&P 500 index.

      No equity market analysts that MarketWatch surveyed for this report foresee a pullback from current levels, already observed as lofty by more than a few market experts, as investors head into a crucial phase of the recovery from the worst pandemic in over a century and a new presidential regime under President-elect Joe Biden, who takes the oath of office Jan. 20.

      Despite nagging fears that valuations and, in particular, values for large-capitalization technology companies, are priced for perfection, with some companies, like Tesla Inc. (TSLA, +2.44%), representing a paradigm of Wall Street’s anxieties about market bubbles, many see equities going only in one direction next year: skyward.

      Analysts balk at the notion that the bull market in stocks is getting exhausted, and are instead offering estimates for 2021 year-end gains, and in some cases projecting eye-popping rallies for the market in the coming 12 months.

      1. The thing is, the pandemic recovery is already fully priced into valuations, and then some, making you wonder how much higher it can go from here. I guess only the sky is the limit?

        Just look at the FED’s balance sheet. It can go as high as they want it to.

    2. Here’s where to invest your money before traders start ‘rotating, if not stampeding’ out of stocks, according to one Warren Buffett disciple
      Provided by Dow Jones
      Dec 27, 2020 2:22 PM PST
      Shawn Langlois

      Earlier this year, Berkshire Hathaway threw its heavyweight name behind Barrick Gold (ABX.T) with an investment that flew in the face of Warren Buffett’s longtime aversion to gold. The news was “earth-shaking in the gold market,” one strategist said at the time.

      Now, Kevin Smith, Crescat Capital’s chief investment officer, says others following suit by adding exposure to gold and taking profits from some of those highfliers will be richly rewarded when the bull market turns. Smith, who earlier this year talked about learning the ropes (link) from a stack of Berkshire shareholders (BRKA) letters his dad gave him long ago, used this chart to show how investors could be at a pivotal juncture.

      Basically, stocks are trading at record high valuations while commodities, on the flip side, have never been so undervalued. “The setup is in place for a macro pivot in the relative performance of these two asset classes,” Smith wrote in a note to clients (link). “Comparable conditions were present with the 1972 Nifty Fifty and 2000 Dotcom bubbles.”

      He explained that investors will soon be looking to put their money toward the highest growth and lowest valuation opportunities, and that will result in a big move away from the top-heavy stocks that have been leading this bull market into record territory.

      “Analytically minded investors will soon be rotating, if not stampeding, out of expensive deflation-era growth equities and fixed income securities and into cheap hard assets, creating a reversal in the 30-year declining trend of money velocity,” Smith wrote. Some popular ways to play the rotation Smith’s predicting would be to go long Newmont Corp. (NEM) and Barrick Gold, or dabble in ETFs like GDX and GDXJ. Then, the even bigger opportunity, he says, lies in picking the winners on the exploration side.

      “To be frank, buying gold or silver is not a contrarian investment position today,” Smith wrote. “There are enough people in agreement with the idea that all government backed fiat currencies are doomed to some level of devaluation through inflation due to the level of fiscal and monetary imprudence and unsustainable debt imbalances in the financial system.”

      1. due to the level of fiscal and monetary imprudence

        Is that what they call spending more than you have?

    3. So much bad economic news, such euphoric stock market valuations…and the skinny stimulus package just got signed into law.

      Seems like somefing’s gotta give!

      Stock market is nearly 10% overvalued without Trump’s bigger stimulus checks: strategist
      Brian Sozzi
      Wed, December 23, 2020, 11:14 AM PST·4 min read

      New homes sales plunged 11% in November, the Census Bureau reported Wednesday. The Commerce Department reported Wednesday consumer spending fell in November for the first time since April. On Tuesday, the Conference Board said its closely watched consumer confidence index dropped to 88.6 in December from a downwardly revised 92.9% in November.

      And a week ago, the government said retail sales fell 1.1% in November. Consumers are also spending less on holiday gifts, data out of JPMorgan Chase shows.

      Johnson says he has shaved his GDP forecasts for the fourth quarter of this year and the first quarter of 2021. Wall Street economists have begun to follow Johnson’s lead in revising GDP forecasts down for the current quarter and start of 2021.

  19. Can’t they just put a sign on a business saying something like if your over 65 or have medical conditions you are entering at your own risk.. You know like they have on cigarettes.
    And, I don’t know why they aren’t using that ultra violet light tenecology more to combat Covid .

    1. Former Law Enforcement Officer Was Ignored By GA GOP When He Tried To Report Ballot Tampering

      Infowars.com
      December 27th 2020, 1:57 pm

      Establishment Republicans “didn’t seem to care” about fraud evidence presented, he says

      A Georgia poll watcher details irregularities of the Georgia the recount and the Republican Party’s lack of interest in the fraud evidence to OAN’s Jenn Pellegrino.

      https://www.infowars.com/

      1. “Establishment Republicans “didn’t seem to care” about fraud evidence presented, he says”

        And it didn’t bother William Barr one iota.

  20. Ok, I started blogging again on this blog because I started to see the evidence that something big was happening and I wanted to see what other people were perceiving.
    I know all my rants about Commies, Corporate Globalist and China seems a little alarmist, but here we are.
    So, this blog is great with all the people that post with Ben Jones owning it.
    Wish you all the best and life goes on in spite of unbelievable s–t thats happening. I keep thinking the will of the people will prevail,but I’m a optimistic at heart. This will backfire on them somehow , someway.

    1. I keep thinking the will of the people will prevail

      It’s important to all of us. We all need to find ways of helping this to happen.

    2. I’m right there with you, Wiz, as are many others. You’re not wrong about Agenda 21, which I’ve been tracking as well. It does sound “crazy,” but the oligarchs are now out in the open. They used to dismiss these ideas as “crazy conspiracy theories,” and still try to do that today, at least to some extent. But when they publish their own books, videos, and websites that state out-loud what some of us have been thinking about, then we can no longer be called “crazy conspiracy theorists.” We are now full-blown conspiracy realists.

      I, too, hope that humanity will prevail over the oligarchs and their dystopian plans for our future. More and more people are waking up to it, and it’s up to all of us to keep that going.

      Onward and upward!

      1. As long as housing prices continue cratering, all is well.

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

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