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They’re Afraid They’re Going To Lose Their Property

A report from the Commercial Observer. “The New York Legislature on Monday greenlighted legislation that will allow renters and homeowners to delay eviction and foreclosure proceedings until May if they can demonstrate financial hardship caused by the pandemic. Unsurprisingly, landlords aren’t happy with the measure the Legislature passed on Monday, which does little for them. ‘Renters need help, not a stall tactic,’ said Jay Martin, executive director of the Community Housing Improvement Program, in a statement. ‘Closing the courts for a few months will not relieve the massive debt that tens of thousands of renters face, or provide any financial relief to the hundreds of housing providers.'”

The Real Deal on New York. “The lender behind a troubled condominium building in the South Street Seaport is seeking to foreclose on more than $100 million worth of loans tied to the property and strip the developer of ownership. Bank Leumi USA wants to foreclose on $120 million in loans it issued to developer Fortis Property Group to construct a 60-story luxury residence at 161 Maiden Lane. The residential tower remains unfinished, and the lender argued that because Fortis could not get a temporary certificate of occupancy, it has been unable to sell the remaining apartments.”

From KOBI on Oregon. “Mark Nichols, a member of two Oregon rental associations, says the legislation won’t cut it for a number of Rogue Valley rental owners. He says most landlords are just looking to break even. ‘They don’t have the luxury of forgiving 20 percent of the rent because they will start to lose money again,’ Nichols said.”

From Community Impact in Texas. “The local protections in place for renters were not built as long-term fixes, nor was the city built to continue shouldering the burden on its own, city leaders said. As renters continue to accrue debt and landlords continue losing revenue, the lengthy tenure of these short-term answers has made possible solutions more complex. ‘It’s not a sustainable place to be doing what we’re doing and people will not survive this,’ Austin Mayor Steve Adler told Community Impact Newspaper.”

“Christie Altree, who rents out two homes to long-term tenants in Southwest Austin, said the pressure can be more immediate on small-scale landlords. Altree says she does not make a profit and uses the rent to pay the mortgages, property taxes and insurance on the homes. ‘If I can’t pay the mortgage I would need to sell the properties to avoid the risk of foreclosure and my tenants would be out of a home anyway,’ Altree said.”

From Boston.com in Massachusetts. “Last week, we asked Boston.com readers for their predictions on what type of city — and region — will emerge. Some predicted a more drastic hollowing out reminiscent of the mid-20th century. ‘More homeless, more empty housing, less culture, nightlife, etc. Boston will be like San Francisco soon enough. The city won’t die, but it will be in hospice.'”

From KTVU in California. “Experts estimate 35,000 South Bay families face challenges paying their rent, and 10,000 who could be left homeless, if the eviction moratorium lapses. This isn’t a one-sided equation. The people to whom rent is owed, landlords, say the pandemic and resulting eviction moratorium has been devastating to them. ‘It’s a big financial loss for these people. And they’re getting hurt quite a bit,’ said Bill Toomey, owner of Lynx Legal Service.”

“He said the vast majority of landlords own one or two properties. They’re going months without collecting rent has put them in financial jeopardy. ‘They’ve been stuck with this for months. And yeah, they’re afraid they’re going to lose their property,’ Toomey said.”

From Marketplace. “It has been a difficult year for business. One of the industries hit hardest? Travel. Chip Rogers, president of the American Hotel and Lodging Association, said many hotels are in danger of foreclosure right now. In terms of hotel industry workers, ‘we’re looking at a permanent reduction of around 25 percent of the workforce we had starting 2020. With no assistance or no dramatic change in the marketplace, between now and the spring, you could lose another 25 percent.'”

The Orlando Sentinel in Florida. “Two hotels in Kissimmee went up for auction this month, and an Orlando hotel is facing the block early next year, as one expert warns that a ‘tsunami’ of sales and foreclosures could be on the horizon. ‘There’s a lot of pain out there,’ said Carlos Rodriguez, CEO of Driftwood Hospitality Management, adding that only cash infusions from the government or lenders would stop the wave.”

The Richmond Times Dispatch in Virginia. “The Hilton Richmond Hotel & Spa/Short Pump in Henrico County, one of the Richmond region’s largest hotel properties and meeting space venues, likely will be placed into receivership and eventually into foreclosure. The noteholders of a $46.84 million loan on the hotel have asked that a special receiver be appointed to oversee operations as it prepares to sell the property at a foreclosure auction.”

“Shamin Hotels, which owns the Hilton Richmond Hotel & Spa/Short Pump, has agreed to have a receiver take over the property, said CEO Neil Amin. ‘We are not taking any steps to stop a foreclosure and, in fact, are consenting to the receivership,’ Amin said. ‘We are also agreeing to provide the noteholders whatever information they need to ensure a smooth transition, including offering them the ability to utilize our liquor license until they can secure their own.'”

“In the filing, the noteholders said they wanted a special receiver appointed in advance of a foreclosure sale to ‘be able to maximize the proceeds of a foreclosure sale by allowing potential bidders at such a sale to understand the condition, use and operation of the property and the current and potential rents and profits that can be derived therefrom. This is even more imperative given there is no equity in the property, which may be worth as little as $26 million in the face of over $46 million in debt to the plaintiff.'”

The Wall Street Journal. “Blumberg Capital Partners is joining the growing number of real-estate investment firms raising capital in anticipation of a wave of distressed commercial properties hitting the market as a result of the pandemic. ‘In this market we expect discounts of up to 35%,’ predicted Philip Blumberg, chief executive. ‘It will be the best buying opportunity since 2010.'”

“Numerous other investment companies also think that historic opportunities await because of the havoc wrought to the commercial property market by the pandemic. Their thinking is that prices will plummet because fear of contagion has kept people away from malls, airports and office buildings. In November, 8.2% of loans that were converted into commercial mortgage-backed securities were 30 days or more delinquent, compared with 2.3% one year earlier, according to Trepp LLC.”

“Stress also is showing at banks, by far the largest commercial-real-estate lenders. The risk ratings that banks assign to commercial-property loans have been steadily rising, particularly for loans backed by retail and hotels, representing a deterioration of credit quality, according to a Trepp analysis. ‘Thirty percent of lodging loans are now in categories which have risk ratings indicating that banks expect some level of loss,’ said Russell Hughes a Trepp vice president.”

“Mr. Blumberg pointed out there are signs of distress among office building landlords as well. Tenants are dumping millions of square feet of sublease space on the market in many cities, putting downward pressure on rents, he noted. ‘It’s going to be a tough year for landlords this coming year,’ Mr. Blumberg said.”

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This Post Has 75 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

        Sidney Powell On Her “Elevator Pitch” To The Supreme Court

        https://www.youtube.com/watch?v=qJg_E_u-2hM

      1. It must infuriate the Narrative purveyors that comments, when allowed, overwhelmingly call them out on their BS.

  3. ‘‘We are not taking any steps to stop a foreclosure and, in fact, are consenting to the receivership…We are also agreeing to provide the noteholders whatever information they need to ensure a smooth transition, including offering them the ability to utilize our liquor license until they can secure their own’

    AKA jingle mail. We saw that in Aspen recently. At last they can have a drink, eh Neil?

    1. A former co-worker’s son got a college degree in hospitality management. Young pretty wife, kids, etc., the whole shebang likely tottering on a debt load…must be hell on earth?

  4. ‘we’re looking at a permanent reduction of around 25 percent of the workforce we had starting 2020. With no assistance or no dramatic change in the marketplace, between now and the spring, you could lose another 25 percent’

    At least they’re safe, right NPR? these people don’t need food or have to pay for a roof over their heads, right? Fecking commies.

    1. ‘we’re looking at a permanent reduction of around 25 percent of the workforce we had starting 2020. With no assistance or no dramatic change in the marketplace, between now and the spring, you could lose another 25 percent’

      Sad thing is probably wont miss it too much , manufacturing of necessary goods mostly off shored, farming is industrialized. The whole Idea of replacing real old work with new exciting work and a better life isn’t working out so good

      1. The whole Idea of replacing real old work with new exciting work and a better life isn’t working out so good

        It never really was the plan to begin with.

        1. I read that somewhere way back in the 1990’s I think ? Went on to talk about past changes like looms and bakeries and how the economy will free up these workers for better jobs. I didn’t buy it then and it looks like I was right.

          Probably early 1990’s lost my Aerospace job on testing military hardware and had to eventually get into semiconductors . That was also when I noticed how well off CA firemen seemed to be during the Aerospace recession. I lost half my pay and they were buying brand new everything.

          1. That was also when I noticed how well off CA firemen seemed to be

            Nice work if you can get it.

            They aren’t that well paid in my neck of the woods, but are still well paid. Lots of young guys here are volunteer firefighters, hoping to someday get the tap on the shoulder to become a pro.

          2. early 1990’s lost my Aerospace job

            I remember that time. It was rough as the aerospace layoffs just piled up. A lot of the older guys couldn’t make the transition into other industries. I kept meeting people who had been laid off from General Dynamics.

          3. “A lot of the older guys couldn’t make the transition into other industries.”

            I knew an defense engineer who was tactical. He quickly sold his house and rented when the Berlin wall was being dismantled, and he had enough savings to open a commercial landscaping business. He learned (and listened) from the engineers before him.

          4. Aerospace job
            I was living on the South side of Chicago in late 70’s/Early 80’s for a short while. Met a number of people laid off from VERY nice paying Steel jobs (U.S. Steel and others). They were making more in Sub-pay than I was making working. Not sure how many ended up back on their feet but it took quite a toll in the area and people.

          6. I grew up in a part of Los Angeles that was the center of the defense industry. Many of my parents friends — and my friends’ parents — were defense industry engineers. When all of those layoffs happened, it changed everything in our area. The engineers who were old enough to eek out a minimalist retirement tried to retire and get into a “retirement job” like retail to try to make ends meet. Some would teach part-time at the local junior college. One of my friend’s dads started selling soap through Amway. These guys were all family men, and most were in their 50s and 60s…not exactly easy to transition to another job or industry, especially when everyone else with your exact qualifications was also desperately seeking those same types of jobs. Many of these men (all of the defense engineers in my circle of friends/family were men) moved to other states to work and left their families back home so the kids could finish school (most in jr. high or high school) without causing too much of a disruption for their families.

            I never forgot that, which is why I’ve tried to direct my kids *away* from STEM degrees, especially when China and India are churning out a million engineers each every year (last I checked). It makes one wonder why everyone is being directed to get STEM degrees when there really isn’t a shortage of these graduates except for a very small niche at any given point in time, and even those niches tend to be of short-duration because tech changes so quickly.

            I’m a bit of a Luddite. Not because I don’t grasp technology, but because I understand the motives of those who are behind it. My fervent wish is for everyone to wake up and see what many of us have been aware of for years. These tech titans do not have our best interests at heart. To the contrary, they are some of the most self-absorbed, arrogant, power-hungry, dangerous people in the world.

          7. It makes one wonder why everyone is being directed to get STEM degrees when there really isn’t a shortage of these graduates

            It helps keep wages down for those jobs that can’t be offshored. Still, those STEM jobs do tend to pay more than non STEM jobs.

  5. ‘They’ve been stuck with this for months. And yeah, they’re afraid they’re going to lose their property’

    Wa? But California? Real estate! UHS say they can always sell!!

    Guess not.

  6. ‘Altree says she does not make a profit and uses the rent to pay the mortgages, property taxes and insurance on the homes. ‘If I can’t pay the mortgage I would need to sell the properties to avoid the risk of foreclosure and my tenants would be out of a home anyway’

    ‘does not make a profit’ is a sure sign of a mania. So Christie, who’s gonna buy yer shacks when you can’t collect rent or evict?

    DONG!

    1. How arrogant of her to think that she’s the one providing a home for her renters. Unless she physically built the home, then all she’s doing is collecting rents on it and preventing people from owning their own homes, without gimmicky mortgages or loose credit standards, which should really be the goal, IMHO.

      1. Since the renters are being exempted from paying the rent, they are now the defacto owners of the rentals.

  7. ‘He says most landlords are just looking to break even’

    Mistake nuhmba one!

    ‘They don’t have the luxury of forgiving 20 percent of the rent because they will start to lose money again’

    Why does losing money matter? Yer just looking to break even, right? Heck, Christie has never made money and you don’t see her stamping her… oh never mind.

  8. ‘seeking to foreclose on more than $100 million worth of loans tied to the property and strip the developer of ownership. Bank Leumi USA wants to foreclose on $120 million in loans it issued to developer Fortis Property Group to construct a 60-story luxury residence at 161 Maiden Lane. The residential tower remains unfinished, and the lender argued that because Fortis could not get a temporary certificate of occupancy, it has been unable to sell the remaining apartments’

    Where’s Larry the sword catcher? Swords falling all over the city, get out yer catchers mitt!

  9. He says most landlords are just looking to break even.

    Doesn’t sound like a viable long-term investment strategy, Mark.

  10. ‘one expert warns that a ‘tsunami’ of sales and foreclosures could be on the horizon. ‘There’s a lot of pain out there’…adding that only cash infusions from the government or lenders would stop the wave’

    Then yer fooked Carlos. The free cheese ain’t coming and if it did it would be a drop in the bucket.

    What’s to worry? This is just digital make believe money, right?

    BTW, I’ve got lots of posts about job loss (mostly women, minorities, poor people) and crater all over. These lock down idiots are communists and don’t care about you or yer envelope or anything. Better fight back.

    1. Locked-down California runs out of reasons for surprising surge

      ‘California has had some of the toughest restrictions in the country to combat the coronavirus, from a complete ban on restaurant dining to travel quarantines and indoor gym closures.’

      ‘Assemblymember Jordan Cunningham (R-Templeton) argued that the state’s attempt to “shut down types of human interaction without seeing if that’s effective” was creating a backlash of sorts — “driving people to higher-risk activity” like gathering indoors at home, rather than places like restaurants.’

      “The public health officials have lost credibility with a huge section of the populace. They’re just tuning them out now,” Cunningham said. “The goalposts are moving all the time. … People are fed up with it and they don’t think it makes any sense, and they’re not wrong.”

      https://www.politico.com/amp/news/2020/12/23/california-covid-surge-450315?__twitter_impression=true

      1. In California they must think the public is stupid. The media shows some stats on channel 5 news.
        The stats showed that about 25%of the cases in ICU were Covid and the rest was other stuff. Than they go on to talk about a staffing shortage.

        So, bottom line the surge seems to be in non Covid related ICU bed needs. Than do these non Covid-19 ICU beds have more of a risk of getting Covid-19.How much of the surge in ICU beds are do to the long time people who were delaying medical needs and elective surgery?
        And the increase in cases was because of more testing, but the test isn’t accurate. So, how many of those people who actually tested positive ended up in the ICU with a life threatening case due to covid.?
        And I heard a nurse saying the other day she got fired for stating that they are labeling non Covid deaths as Covid deaths, and the health workers have to keep their mouth shut or risk job. The Nurse said she hopes more health care workers speak up. Than no doubt their voice will be suppressed by fake news in favor of the narratives.
        Whatever the reasons for the severe lockdowns , it doesn’t seem to be for the reasons they say.
        Newson the other day in summary said he rejects the idea that lockdowns don’t work. What do they work for exactly?
        So, California has the worst numbers in the Nation for Covid now. California from day one always had pretty strict lockdowns and people on average have been wearing masks. So, isn’t that proof that the measures haven’t been effective, yet they want more and more.
        A recall is gaining against Newson, but if they rig the vote than you can’t get rid of this creep. So, in the meantime more and more people in California are starting to ignore the mandates. I mean we have curfews and travel bans, etc.

        1. they go on to talk about a staffing shortage.

          In a for-profit operation, being short of staff is a business decision.

        2. In California they must think the public is stupid
          Hate to break it to you, but most of the public in California is stupid. Don’t believe me? Look at how they vote! PROOF!!!

          1. Look at how they vote!

            What are you not understanding about election and voter fraud?!

            How Many California Counties Use ‘Glitchy’ Dominion Voting System?

            Do the 40 California counties which use Dominion software need to be audited?

            Even in California, which most of the rest of the country completely discounts as a leftist bastion and lost cause, cheating takes place and impacts national and congressional races, as California showed in the 2018 ballot harvesting slaughter, overturning 7 Republican congressional seats. California has been manipulating elections since before 2010, but has done so more brazenly in recent years.

            In 2016, thousands of Republican and Democratic voters reported in the June 7, 2016 California Primary election they showed up at the polls across the state to discover their political party registrations had been changed, or dropped altogether… but only after they had received official sample ballots verifying their party registration in the mail. This only could have been done within the Secretary of State’s VoteCal system.

            The Election Integrity Project found that most reported being re-registered “No Party Preference,” California’s version of “Decline to State.” Others said their registrations were dropped, or they received the wrong ballot, which in many cases prevented them from voting for President in the primary.

            Back in 2018, Sacramento County excitedly announced it was moving to sending all registered voters a ballot in the mail, and would be using Dominion Voting Systems to process these newfangled ballots.

            In 2019, San Francisco County announced it was switching to a new voting system in November “aimed at improving efficiency, security and transparency.”

            KTVU San Francisco reported: “The new voting system is called ‘Democracy Suite’ and is made by Dominion Voting, a company that supplies voting systems throughout the nation. Voters will still receive a paper ballot and insert it into the new voting machines.”

            Calling it “Voting modernization,” Fresno County also approved the all-mail-in-ballot voting process, and Dominion Voting Systems.

            According to the California Secretary of State, the California Counties that use Dominion are:

            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.

          2. I was part of a group that monitored ballot processing in the 2016 primary. There were a lot of “irregularities” with VBM ballots, signature mis-matches, people not getting their VBM ballots in the mail (they showed up at the polling location to vote and were told that they were supposed to get ballots in the mail, then they were handed provisional ballots that get thrown away if their VBM ballot was returned by “somebody”). How many people “voted twice” – once by VBM (filled in by “somebody” without the voters’ knowledge?) and a provisional when they went to their polling location? Nobody bothered to investigate any of this, even when some of us complained to the top people in charge.

            And then we had the issue with our Secretary of State campaigning and fundraising for Clinton. If that were to happen in another country, we would try to void the election. I think that California has one of the most fraudulent election systems in the country. I know a LOT of people who voted for Trump, many of them are/were Democrats. IMHO, the election results in CA are consistently inaccurate, but we’ve been told for so long that “California is deep blue,” that nobody questions it anymore.

          3. I have been noticing for years now that people were constantly voting against their own interest in California. So, I thought maybe the ilegals were doing it. Rigged elections totally makes sense if you look at the crazy stuff that gets passed.

    2. “lots of posts about job loss (mostly women, minorities, poor people)”

      The sense of entitlement of the Lockdown Lovers is beyond nauseating. These people are genocidal totalitarians.

      The Day of the Rope is coming…

    3. Ha ha ha, ho ho ho and a couple million more defaults

      that’s how I laugh my day away in the merry old land of _______.

  11. ‘It’s not a sustainable place to be doing what we’re doing and people will not survive this,’ Austin Mayor Steve Adler told Community Impact Newspaper.”

    Such a libtard drama queen. Everyone will survive, Steve. However, landlords are going to get a useful object lesson in property rights in Democrat-maladministered states and cities. That is going to be a very expensive lesson, but hey, real estate speculators should rejoice at the opportunity to involuntarily extend charity.

      2. Very funny Mr. Banker.
        I would like the Davos group to get struck by lighting like the end of the movie THE BAD SEED..

  12. ‘It’s a big financial loss for these people. And they’re getting hurt quite a bit,’ said Bill Toomey, owner of Lynx Legal Service.”

    Gosh, I certainly hope no landlords overpaid for shacks in the expectation they could gouge renters to cover their costs while they raked in that sweet, sweet appreciation.

      1. Not to worry, bondholders will get serviced.

        Stock tip: Invest in K.Y. jelly. Go all in (pun intended).

        😁

      2. Who’s going to service California’s bond holders?

        Who would be stupid enough to “invest” in debt issued by a socialist basket case?

    2. I wonder if CA politicians care that every day a new negative news article shows up ?

      Judging by their actions, I would say absolutely not.

      Has his Newsomness created a task force to talk with businesses and stop the exodus? Nope. Instead they are threatening to tax you even after you leave.

  16. I watched the video, it looks like the dude ate the last maskless person he ran into.

    Video: Another Triggered Sheep Freaks Out Over Maskless Walmart Shopper

    by Kelen McBreen
    December 29th 2020, 12:11 pm

    Footage shows an angry man screaming at a fellow Walmart shopper for not wearing a mask.

    “You’re contaminating the whole goddamn store!” the mask lover shouted.

    https://www.infowars.com/posts/video-another-triggered-sheep-freaks-out-over-maskless-walmart-shopper

    1. LOL at the walmart employee who comes onto the scene not wearing her mask properly, then lowers it completely to talk.

      I bet the obese chocolate jesus has had more than his share of strokes and is worried about catching a flu that is harmless to 99.9 percent of the population. Would love to see him lose it at one of those airbnb ghetto parties or las vegas melees that show his peeps spreading the ‘rona whilst engaging in fisticuffs.

    1. One of the plusses in my little burg is that “youths” are not part of the demographic makeup. When my brother visited he did mention that he noticed that.

  18. Oh dear…what if gentrified neighborhoods start reverting back?

    https://www.bloomberg.com/news/articles/2020-12-29/manhattan-gentrifier-stumbles-with-rental-apartment-bankruptcies?srnd=premium&sref=ibr3A0ff

    Manhattan Gentrifier Stumbles With Rental Apartment Bankruptcies

    A real estate firm focused on gentrifying neighborhoods is showing cracks after a group of its apartment buildings in New York’s Upper West Side and Harlem filed for bankruptcy.

    Buildings controlled by Emerald Equity Group LLC owe $203 million to LoanCore Capital, stemming from debts tied to properties on East 117th Street and West 107th Street, Dec. 28 bankruptcy filings show. Plans outlined in the documents call for LoanCore to take ownership of the residential complexes, which are home to several hundred tenants.

    1. Pump up the fear.

      More closed businesses and thousands of layoffs is the only way we can defeat the new CCP Flu.

      Globalists are gonna release a “new” strain of this every month until the last remaining member of what was the middle class are unemployed and homeless. Globalists gonna globe.

    1. It is really hard to believe that this has happened and harder to believe the MSM gets away with saying there is no evidence of voter fraud.

      1. I’m sure Real Journalists, at the insistence of their globalist publications, conducted rigorous investigations of each and every allegation of fraud before informing us such claims were “baseless.” Cause that’s what the 4th Estate does, looks out for the public interest.

        /sarc

  21. KOMO News:

    “Several homeless people have moved into over a dozen motel rooms in Fife and are no longer paying for the accommodations, prompting the motel manager to seek assistance from city officials in order to force the group out of the building.

    Members of an organization called Tacoma Housing Now paid for 16 rooms to secure one overnight stay on Dec. 24 at the Travelodge, located at 3518 Pacific Highway E. More than 40 homeless people moved in and indicated that they had no plans to pay for additional nights.

    Shawn Randhawa, the motel operator, said if the cost of the rooms goes unpaid, it’s only a matter of days before he will have to shut down and lay off his 10 employees. Repeated protests in the parking lot have driven away most of the other paying customers, Randhawa said.

    Tacoma Housing Now leaders agree the manager should be paid, but activists want the money to come from COVID-19 relief funds or from defunding local police departments.”

    https://komonews.com/news/local/homeless-group-refuses-to-pay-bill-in-fife-motel-occupation

    1. When you run a big trade deficit for decades the money is going to find its way back somehow. Now we’re seeing that they bought more than T-bills. In hindsight, why wouldn’t they buy politicians? Especially after we decided they weren’t allowed to buy high value assets like ports.

      1. There’s a lot of grey area, Carl. You said your wife is probably on that published list of CCP people in the US. And she has a business in China. Where does her loyalty really lie? I mean, if push came to shove, does she flee to China? Where do you go and what do you do in such a situation?

        1. It is my understanding that the ChiComs, unlike other countries, do not allow dual citizenship. So Carl’s wife either has a Chinese passport or an American one. I’m gonna go out on a limb and guess it’s a Chinese passport.

          2. She’s still waiting on her green card. She can’t even think about becoming an American until that logjam gets worked out.

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