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Asset Classes Have Spent The Last Nine-Plus Months On A Skyscraper Elevator In Freefall

A report from the New York Times. “Brian Kavanagh, a Democratic state senator who represents Lower Manhattan and part of Brooklyn, was the lead sponsor of the bill that bars landlords from evicting most tenants for 60 days in almost all cases. ‘A policy that tells people they can’t go to work and therefore they can’t pay their rent, and then allows them to get evicted, and then pays for their shelter is just economically nonsensical, even if you don’t have a heart,’ Mr. Kavanagh said.”

“Many landlords don’t want to evict tenants either, said lawyer Michael A. Steiner. But with storefront and apartment tenants not paying rent, landlords are getting squeezed from both sides. Both tenants and landlords are ‘going to need something from the government, whether it’s the federal government, state government or city government, something that enables the landlords to get paid and the tenants to pay money directly to the landlords,’ he said.”

“Tiffany King, an unemployed hotel housekeeper, said she wants landlords to feel the trickle-down effect that comes with eviction. She hasn’t paid rent in months, part of a rent strike that she and her neighbors are waging to protest lack of hot water, and what she describes as rampant mold. ‘What tenants went through, now the landlords are going to have to go through,’ Ms. King said. ‘They’re going to have to stand on line for help, or go into their savings. They don’t think about our health or how we want to live.'”

The Greater Baton Rouge Business report in Louisiana. “Plans for the development of three new mixed-income residential developments in downtown east were among the few bright spots in 2020. Though Baton Rouge has a potentially worrisome oversupply of high-end and market-rate multifamily units, it lacks quality, affordable housing, experts say. ‘When we talk about how many units we have in the market, we’re talking about market rate units,’ says Wesley Moore, an appraiser.”

The Star Telegram in Texas. “As Fort Worth’s population grows, a group of City Council members are calling for a moratorium on some new apartment developments, citing concerns the city has become over-saturated with multi-family housing. The heart of the issue is whether Fort Worth has jeopardized future commercial growth by giving in to developers who request rezoning for apartments.”

“‘When’s enough, enough?’ Councilman Dennis Shingleton asked during a recent interview with the Star-Telegram. ‘I don’t want a glut of apartments but I don’t want too few of them either.’ ‘We have all the apartments we need, and we’re going to fight like hell to keep that rural feel,’ said Dave Fulson, a director of the neighborhood association. ‘We have over-extended our utilities and our roads. We are just over-saturated with development.'”

From Benito Link in California. “A homeless encampment of tattered tents, abandoned cars, bikes, appliances, clothing, and other debris near the Allendale neighborhood in Hollister has new homeowners upset. When potential buyers came to see the new, 81-acre DeNova Homes development on Vista Park Hill, the homeless and their possessions had been removed at the behest of the developer.”

“Those who have purchased homes in Allendale’s The Lanes subdivision are experiencing the most impact with homeless persons wandering their streets, causing alarm to homeowners. Their new homes now overlook debris scattered haphazardly for a mile or so stretching from North Street to a PG&E power station. Some of the homeowners are angry at the developer, saying they were misled and even lied to about the homeless situation. Others said they were tired of going in circles with Mayor Ignacio Velazquez and city code enforcement.”

“‘Not only is this affecting the value of our new homes, but they’re also leaving trash around,’ said Walker (who wanted to be identified as such for privacy reasons). ‘This morning they’re out here going through the trash. There was a woman going through the streets with a knife and we have kids out here playing. And they’re yelling and screaming over there at night.'”

The San Jose Spotlight in California. “Locally, despite unprecedented pressure on the economy, housing is still likely to be one of the bright spots of the recovery. Realtor.com’s housing forecast predicts the San Jose metro market will grow by 10.8% in both sales and price year over year. Lack of inventory continues to be the main factor driving up housing prices.”

“Dave Walsh, 2021 C.A.R. president and San Jose Compass manager, is predicting a banner year for housing in Santa Clara County, which could see sales rising at 5.4% or more if the inventory is there to support it. However, Walsh continues to see weakness in the condo market with the latest inventory numbers showing a 50%+ increase over last year.”

The Real Deal on Illinois. “Asset classes in the city have spent the last nine-plus months on a skyscraper elevator in freefall. The ride has left much of the industry queasy and stumbling as it heads into 2021. During the early months of Covid, as Chicago retailers were still grappling with lost revenue, protests over the police killing of George Floyd led to widespread store looting and vandalism across downtown and other neighborhoods. Then it happened again in the summer. Pandemic-related closures and restrictions have devastated those business owners and landlords, with many now barely hanging on.”

“The local hotel industry also remains among the most hobbled in the U.S., while Chicago’s office market, once a turbocharged engine, has sputtered. Companies have shed downtown space at alarming rates, with a growing number looking to sublease and some ditching their leases entirely. With Chicago’s hotel occupancy among the lowest nationwide, loan defaults have piled up. Recent appraisals have slashed property values, including at the Palmer House Hilton and the 610-room JW Marriott. And, as of September, the pandemic had cost the city about 12,000 hospitality jobs.”

“By October, numerous hotels in Cook County had skipped their latest property tax payments, adding up to nearly $500 million. Even the Hilton Chicago O’Hare Airport, owned by the city of Chicago and operated by Hilton, was late in paying its taxes.”

“The hits kept coming for Chicago’s retail industry. On top of dealing with the pandemic, many Magnificent Mile and Downtown stores sustained damage from looting and vandalism in late May and again in August, when some protests over police brutality turned violent.”

“More mall owners around the Chicago area sought to give up on their struggling retail properties, which have been squeezed by capacity limits and Covid closures. Among them is Starwood Retail Partners, which in late October decided to hand over the keys to its nearly 1 million-square-foot Louis Joliet Mall, about 40 miles southwest of Chicago. Starwood had last made a payment on its $85 million CMBS loan in March.”

“Less than a month before that, BlitzLake Partners and GW Properties relinquished their Orland Park mall after skipping more than 90 days of loan payments. The duo is now facing a multimillion-dollar lender foreclosure lawsuit tied to the 164,000-square-foot shopping center.”

From Bisnow South Florida. “A month and a half after redevelopment plans for the site formally fell through, The Shops at Sunset Place, a 9.68-acre outdoor mall in South Miami that once bustled with national retailers but has struggled in recent years, sold on New Year’s Eve for $65.5M, the buyer announced this weekend. That’s about 59.5% of the price the mall traded for in 2015.”

“The mall struggled with vacancies in recent years, and Simon Property Group sold the property for $110M in 2015 to the publicly traded, Maryland-based REIT Federal Realty Investment Trust, along with local partners Grass River Property and the Comras Co. An annual report disclosed the mall was only 62% leased in 2019. The owners planned to tear down half of the shopping complex, about 80K SF of vacant retail space, and replace it with three 17-story towers that would include apartments and hotel rooms. However, the partners defaulted on a $61M loan during the coronavirus pandemic.”

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

        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

        Election Fraud – Fulton County, Georgia at State Farm Arena on November 3rd, 2020

        https://www.bitchute.com/video/HrPHkNaYH7As/

        ‘Below are several thousand pages of evidence and hours of video explaining this evidence for your review. This evidence involves admissions by election officials, expert opinions, affidavits of witnesses, and dramatic evidence of the break in ballot chain of custody and the infusion of hundreds of thousands of fraudulent ballots into the counting stream.’

        ‘This lawlessness was made possible by work stoppages, prohibiting bipartisan participation, and early morning ballot drops in consolidated counting centers, all of which undermined election integrity.’

        https://got-freedom.org/evidence/

        1. ‘Georgia election data indicates 17,650 votes were switched from President Donald Trump to Democratic presidential candidate Joe Biden, data scientists testified on Wednesday during a state Senate hearing.’

          ‘A team led by Lynda McLaughlin, along with data scientists Justin Mealey and Dave Lobue, presented the results before the Georgia Senate Judiciary Subcommittee on Elections.’

          ‘Mealey worked as an electronic warfare technician in the U.S. Navy for nine and a half years and was a former Central Intelligence Agency (CIA) contractor as a data analyst and programmer for the National Counterterrorism Center. He currently works for one of the “Big Four” accounting firms as a programmer. Lobue is a data scientist with over a decade of experience in a number of industries.’

          “What we have here is we actually have fraud that we can prove in this election, there was fraud in Georgia’s election, we can prove it with data,” Mealey said. “The voting will of the people of Georgia is not reflected in what was certified by the Secretary of State.”

          ‘According to their analysis on time series election data which was published online as early as Dec. 24, Trump’s votes were decrementing in various counties instead of increasing as they do normally. 17,650 votes were allegedly switched from Trump to Biden as result.’

          ‘A “clear example of vote switching” happened in DeKalb county, they said. At 9:11 p.m. local time, Trump received 29,391 votes as Biden simultaneously received 17,218. However, in the next reported time update, Trump’s votes became 17,218 while Biden’s changed to 29,391.’

          ‘In this single event, 12,173 votes were switched, the data scientists believe. State-certified election results show Trump lost Georgia by 12,670 votes. The Trump campaign is still challenging the results in various courts.’

          “I want to make that very, very clear that at no point in an incremental process, should you decrement it,” Lobue said.’

          https://www.theepochtimes.com/georgia-election-data-shows-17650-votes-switched-from-trump-to-biden-data-scientists_3640670.html

          1. ‘Pennsylvania election data shows that over 432,000 votes were removed from President Donald Trump during the November election, data scientists say.

            ‘According to an analysis by the Data Integrity Group, obtained exclusively by The Epoch Times, votes for Trump—from both Election Day and mail-in ballots—were removed from the totals in at least 15 counties. Time-series election data shows Trump’s votes decrementing in various counties at numerous time points instead of increasing as would be expected under normal circumstances.’

            ‘The group said that Election Day vote removals happened during the vote tabulation process in at least 15 counties, including Lehigh County, Chester County, Allegheny County, Armstrong County, Westmoreland County, Northhampton County, Delaware County, Montgomery County, Lackawanna County, Dauphin County, Pike County, Carbon County, Washington County, Erie County, and Luzerne County.’

            ‘Meanwhile, absentee vote removals happened in Allegheny County, Chester County, and Lehigh County. At least 432,116 votes—213,707 election day votes and 218,409 absentee votes—were removed in total.’

            “There were vote movements across all candidates. However, we did not see the same type of negative decrements to any of the [other] candidates that we saw with President Trump’s tallies, and they happened repeatedly with no explanation,” Lynda McLaughlin, a member of the group, told The Epoch Times.’

            https://www.theepochtimes.com/exclusive-over-432000-votes-removed-from-trump-in-pennsylvania-data-scientists-say_3642202.html

            I’m not that worried about the butt-hurt D’pedo supporters cuz there’s hardly any of you. Notice these multi-hundred thousands vote “switches” only happened on one side, in the wee hours of the morning. Don’t cry too much when we hang yer hero’s on live teevee.

  1. ‘she wants landlords to feel the trickle-down effect that comes with eviction. She hasn’t paid rent in months, part of a rent strike that she and her neighbors are waging to protest lack of hot water, and what she describes as rampant mold. ‘What tenants went through, now the landlords are going to have to go through,’ Ms. King said. ‘They’re going to have to stand on line for help, or go into their savings’

    Tiffany is a free-loading communist. Get off yer knees New York and stop begging, like California does.

    1. did they abrogate contracts like this in the depression?
      confiscated gold, killed every pig on every farm
      but this?

  2. ‘if the inventory is there to support it’

    everybody knows bay ayrans are sinking like a turd in a well Dave.

    ‘However, Walsh continues to see weakness in the condo market with the latest inventory numbers showing a 50%+ increase over last year’

    Oh, that!

  3. ‘outdoor mall in South Miami that once bustled with national retailers but has struggled in recent years, sold on New Year’s Eve for $65.5M, the buyer announced this weekend. That’s about 59.5% of the price the mall traded for in 2015’

    ‘The owners planned to tear down half of the shopping complex, about 80K SF of vacant retail space, and replace it with three 17-story towers that would include apartments and hotel rooms. However, the partners defaulted on a $61M loan’

    So they ate sh$t for 5 years with nothing to show for it.

    1. The owners planned to tear down half of the shopping complex, about 80K SF of vacant retail space, and replace it with three 17-story towers that would include apartments and hotel rooms.

      This seems to be a pattern with dead malls. Tear part of it down and replace it with residential units.

      1. Miami needs more empty towers like a hole in the head. When I was there in Sept 2019, I shot video at night: 80-95% dark. I would start up a conversation with locals about it. In no time they’d be talking about drug money.

    2. “An annual report disclosed the mall was only 62% leased in 2019, though it still had major tenants including an AMC Theatres and an LA Fitness.”

      They were in troubles even before the Pandemic. But I bet they thought AMC and LA Fitness will help them recover lol in 2020!

  4. ‘The Washington Post appeared to deliberately bleep out Trump saying the names of Ruby Freeman and Shaye Moss, the women seen in the viral Georgia security video potentially committing criminal voter fraud, in a leaked call with Gerogia Secretary of State Brad Raffensperger.

    “We had at least 18 thousand that’s on tape. We had them counted very painstakingly. 18 thousand voters having to do with (bleep). She’s a vote scammer, a professional vote scammer and hustler, (bleep). That was the tape that has been shown all over the world, that makes everybody look bad,” said President Trump.’

    ‘The President appeared to be referencing the name of Shaye Moss, the woman identified by National File as the supervisor and daughter of vote counter Ruby Freeman. The two women were caught on a security video allegedly counting the same ballots over and over after poll observers were instructed to leave.’

    “We are so far ahead of these numbers, even the phony ballots of (bleep), known scammer. You know the internet? You know what was trending on the internet? Where’s (bleep) because they thought she’d be in jail. Where’s (bleep)? It’s crazy, it’s crazy.”

    ‘President Trump added, “The minimum number is 18 thousand, (bleep), but they think it’s probably about 56 thousand, but the minimum number is 18 thousand around (bleep) night, where she ran back in there when everybody was gone.”

    “She stuffed the ballot boxes. Let’s face it Brad. I mean, they did it in slow motion replay magnified, right? She stuffed the ballot boxes, they were stuffed like nobody has ever seen them stuffed before,” said the President.’

    https://nationalfile.com/ruby-freeman-wapo-censors-trump-saying-name-of-alleged-georgia-voter-fraud-ringleader-in-contentious-phone-call/

    Where is Ruby “I’m too fat to hang” Freeman?

    1. ‘The Washington Post appeared to deliberately bleep out Trump saying the names of Ruby Freeman and Shaye Moss, the women seen in the viral Georgia security video potentially committing criminal voter fraud, in a leaked call with Gerogia Secretary of State Brad Raffensperger.

      Jeff Bezos is enemy #1.

    2. “Where is Ruby “I’m too fat to hang” Freeman?”

      I don’t think Amy is.

      Amy Gardner
      @AmyEGardner
      ·
      16h
      This is false. We published the entirety of the call, from start to finish. There is no mention of it being a confidential settlement meeting. None.

      https://twitter.com/amyegardner/status/1345893247776940038

      Amyardner
      @AmyEGardner
      National political reporter at the Washington Post, with an enduring soft spot for my beloved Virginia.
      Washington, DCJoined March 2009
      1,695 Following
      128.9K Followers

      1. ‘We published the entirety of the call, from start to finish’

        Except for the bleeps. Ruby also said “This is bigger than me. I need an attorney.”

        Why would you need an attorney Ruby? And the only thing I’ve seen that’s bigger than you is yer daughter.

  5. From the first link:

    ‘ David R. Jones, president of the Community Service Society of New York, said that even before the pandemic, many New Yorkers were living paycheck to paycheck in unstable housing, spending half of their income on rent. Evictions will severely exacerbate the financial strain, he said.’

    ‘The crisis, with its convergence of homelessness and joblessness, has the potential to replicate some of the worst elements of the Great Depression, he said.’

    I said last spring this would be a disaster. Enjoy the food lines sword-catcher Larry.

    1. “Colorado Springs, CO Housing Prices Crater 14% YOY As Double Digit Price Declines Saturate Mountain States”

      – Reality check. Someone’s a lyin’. Movoto?
      https://www.realtor.com/realestateandhomes-search/Colorado-Springs_CO
      For Sale: 1,388 Homes
      Price Reduced: 53 Homes
      53/1388 = 3.8%

      Colorado Springs, CO, like many housing markets is extremely tight. Prices are rising due to record low mortgage interest rates, which are right now about 2.67%. I have no idea when this craziness ends. CBs have increased liquidity by $14T in 2020. That’s not chump change. Movoto data MAY indicate that the higher-end is coming down, but I don’t see that in other data sets. The Fed is still pumping stocks and housing (SFH). MFH/CRE is a completely different animal. Think “K-shaped” recovery. The (SFH) bubble continues apace while MFH/CRE is cratering. The distortions and assoc. bubbles are massive, but don’t worry, because the Fed’s got this. /s Think Wile E. Coyote, Super Genius, and you won’t be far off.

    1. Ma said a while back that he would gladly turn his businesses over to the CCP if they wanted. Perhaps he could see it coming.

    2. Billionaires who think they can collude with Communists to take over the country should look carefully at how vulnerable they are in China. Only the very core of the Party is above the law.

      1. “Billionaires who think they can collude with Communists to take over the country should look carefully at how vulnerable they are in China. Only the very core of the Party is above the law.”

        https://tinyurl.com/y7pgbo6b
        International
        The Bill Is Coming Due for China’s ‘Capitalist’ Experiment
        By Michael Hochberg & Leonard Hochberg
        January 1, 2021 6:30 AM

        The Chinese Communist Party (CCP) has re-awoken to a profound truth: Rich, secure capitalists are the natural enemies of authoritarian regimes. In a hybrid autocratic-capitalist model, capitalism is the means to generate wealth, but power is the end goal. Successful capitalists naturally begin to demand that their personal and property rights be protected from authoritarian fiat. Capital in the hands of entrepreneurs is a political resource; it poses a threat to the implementation of centralized plans.”

        “Realizing this, the CCP has begun to assert control over the private sector by “installing . . . Party officials inside private firms” and having state-backed firms invest in private enterprises. In the absence of civil rights or an independent judiciary, “private” companies have no real independence from the government in China. Dissent and demands for civil rights are a threat to the regime and will be crushed.”

        “China’s shift from encouraging external investment and internal market competition toward treating capitalism as a threat has an obvious historical precedent. From 1921–1928, the Soviet Union instituted a policy of economic liberalization, which allowed for the privatization of agriculture, retail trade, and light industry. This partial and temporary return to a controlled and limited capitalism, known as the New Economic Policy (NEP), saved the Soviet economy from collapse and enabled Russia to modernize. But, in 1928, Stalin suddenly reversed course: He collectivized agriculture and liquidated the most prosperous farmers, thereby necessitating the frequent resort to grain imports, notably from the United States.”

        1. I have said this repeatedly that the Commies and China will want to take over the Globalist Monopolies in spite of them using each other. They are alike in wanting Top down control, but Commies want to control the means of production . In fact the Alliance with China that the Globalist Monopolies have is like the Hilter/Stalin pack until Hilter turned on Stalin.

    3. This guy predicted trouble for Ma back in October, 2018. He owns gnews.org and gtv.org (where Hunter Biden’s home movies reside.)
      Exiled Chinese Billionaire’s Accusations of China (w/ Guo Wengui & Kyle Bass) | RV Classics
      5,020,113 views • Aug 27, 2019 • 52 minutes
      youtube.com/watch?v=4cwXifDaCjE

  6. “Dave Walsh, 2021 C.A.R. president and San Jose Compass manager, is predicting a banner year for housing in Santa Clara County, which could see sales rising at 5.4% or more if the inventory is there to support it. However, Walsh continues to see weakness in the condo market with the latest inventory numbers showing a 50%+ increase over last year.”

    So more expensive, bigger SFH are selling while smaller, cheaper condo are not. I bet the Schiller index doesnt look at newly built condos in its data.

  7. Late last night, almost all cryptos were showing massive, and I mean massive, increases. Ethereum at one point was up almost 50% in 24 hours, with many of these thousands of other “coins” showing gains of 30%+. It takes a wall of money that I cannot even comprehend to do such thing. All of these coins are not small. Many have market caps over $1 BILLION.

    What happened yesterday to push all of these fake tokens up in price? Are they simply following Bitcoin? Where is this money coming from? You know where? Fawking China. It’s Chinese money-printing and money-laundering run amok, with a bunch of speculators along for the ride. Our government has failed by not making this garbage illegal.

    I just checked this morning and Bitcoin suffered a massive crash of almost $5,000 at one point in the early am, then has bounced back. This is the pump and dump that they engage in, then they pump it back up. This is a rigged joke, this entire thing. Now Wall Street’s got its hooks in, and your retirements and pensions are now riding on crypto. This is sinful.

    1. It takes a wall of money that I cannot even comprehend to do such thing.

      Does it? Even if almost nobody is selling?

          1. You can’t have a buyer without a seller

            But obviously you can have both without a “thing”.

          2. As long as more want to sell than buy, the price will go down. And then it will drop even more as sellers pile in to avoid further losses and to raise cash to cover margin calls.

        1. Institution-focused Coinbase Pro exchange registered an outflow of over 35,000 bitcoin worth more than $1 billion

          Fair enough, I didn’t know that much was being sold. So there is a wall of money…and the smart money is cashing out at just the right time.

          1. Fair enough, I didn’t know that much was being sold. So there is a wall of money…and the smart money is cashing out at just the right time.

            I don’t know where the peak is. Now the chatter is “Bitcoin $300k this year.” This is insanity. I think it’s the greatest scam in human history. At least you could plant a tulip bulb.

    2. Maybe the Georgia election outcome for senators has investors worried about MMT and other dollar crushing ideas. Gold and Crypto as hedges ?

    3. Well, there has been a deluge of “relief” money pouring into the economy. That deluge has enabled a large amount of fraud, easily in the 10 of billion$. Cryptowashing the cash from one exchange to the next might be a viable way to move it into spendable dollars.

    1. Whole state is going down the drain.

      Mayor Ignacio Velazquez – thats your problem right there. If you want mexican lawlessness, then vote them in. But why pay first world prices for 3rd world conditions? So glad I left long, long ago.

  8. From Patrick Byrne

    https://threadreaderapp.com/thread/1346108097690009600.html:

    READ AND RETWEET AS THOUGH THE LIFE OF YOUR NATION DEPENDS ON IT. WHICH IT DOES. Citizens, I am going to add to the picture with more information. I am not going to let this pass while keeping information to myself. I am going to walk you through 2 narratives.

    A printing shop in Michigan prints ballots for Delaware County, Pennsylvania and as Lancashire County, Pennsylvania (this is normal). But along with the ballots it prints on contract and delivers to those counties, it prints some ballots that get diverted to Bethpage, New York.

    There, a boiler room of folks fill in “Biden” (often without even voting downballot). The ballots (which are forensically legitimate, given that they come from the same print shop as the good ballots, ) then get trucked into Pennsylvania and mailed. Hundreds of thousands.

    We have all of that documented. Texts, statements, affidavits, everything.

    We also know that this same ballot printing company (and other firms in the same family) also print for Michigan, Wisconsin, Arizona, and Georgia.

    Narrative #2: China sent counterfeit ballots to Fulton County, Georgia. During the counting on election night, all but four people were shoved out of the counting operation on the grounds of a dangerous “water main break” (that turned out to be “a toilet overflowed”).

    Last Wednesday, December 30, the Georgia Senate Judiciary voted to inspect those Fulton County voting operations. Hours later (as I have previously posted) an Enterprise vans pulled up and got filled up with voting materials.

    A shredding company in neighboring Cobb County, Georgia was on December 31 given roughly 3,000 pounds of ballots to shred. Authorities have come into possession of those materials.

    A handful of papers stuck to the side of the shredding bin. They include some unshredded ballots (which 2 federally certified forensic examiners have affied do not match the legitimate ballots). ALSO, A SHIPPING RECEIPT FROM THE CHINESE FIRM THAT PRINTED THE BALLOTS! IN CHINESE!

    Word is the DOJ and DHS have been told to stand down. That President Trump himself has had to call agents on the ground asking them to continue. If you think they should continue, retweet to let @TheJusticeDept know your feelings.

    1. But Jerome Powell doesn’t see any bubbles, and he assures us he stands at the ready with unlimited resources from the printing press. The central bank is the enemy of the people, folks.

      1. “But Jerome Powell doesn’t see any bubbles, and he assures us he stands at the ready with unlimited resources from the printing press. The central bank is the enemy of the people, folks.”

        https://newslink.mba.org/mba-newslinks/2020/december/attom-homeownership-slips-into-unaffordable-in-4q/
        ATTOM: Homeownership Slips into ‘Unaffordable’ in 4Q
        December 30, 2020

        “Owning a home in the United States slipped into the unaffordable zone for average workers across the nation in the fourth quarter as the numbers continued a year-long slide in the wrong direction,” said Todd Teta, chief product officer with ATTOM Data Solutions. “The latest housing market data shows the average worker unable to meet the 28 percent affordability guideline used by lenders. That’s happened as home prices have continued rising throughout 2020 and the housing market has remained remarkably resilient in the face of the brutal economic fallout from the coronavirus pandemic. The future remains wholly uncertain and affordability could swing back into positive territory. But for now, things are going in the wrong direction for buyers.”

        Other report findings:

        –Among the 499 counties in the report, 203 (41 percent) had major home-ownership expenses on typical homes in the fourth quarter that were affordable for average local wage earners.

        –Home price appreciation outpaced average weekly wage growth in the fourth quarter in 460 of the 499 counties analyzed in the report (92 percent. Average annualized wage growth outpaced home price appreciation in the fourth quarter in only 39 counties.

        https://twitter.com/Ben__Rickert/status/1344252693955506177
        Tweet
        Ben Rickert @Ben__Rickert
        The only game the FED has is the wealth effect. It’s monetary policy is only effective inflating asset bubbles not generating real economic growth. They are putting extreme effort into maintaining the phoney wealth of inflated asset prices hoping people will borrow & spend.
        5:03 AM · Dec 30, 2020·Twitter Web App

        – The Fed and their policies are directly responsible for the past two asset bubbles and the current, third, “Everything Bubble.” Recall how it ended the last two times.
        – The Fed and their policies are directly responsible for the huge chasm of wealth and income inequality, which only leads to social unrest, and if not addressed by peaceful means will be by other means.

        – As per the script. Reference here. Note (5), below.

        http://laissez-fairerepublic.com/TenPlanks.html
        The Ten Planks of the  Communist Manifesto
        1848 by Karl Heinrich Marx

        1. Abolition of private property in land and application of all rents of land to public purpose.
        2. A heavy progressive or graduated income tax.
        3. Abolition of all rights of inheritance.
        4. Confiscation of the property of all emigrants and rebels.
         5. Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly.
        6. Centralization of the means of communication and transportation in the hands of the state.
        7. Extension of factories and instruments of production owned by the state; the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.
        8. Equal obligation of all to work.  Establishment of Industrial armies, especially for agriculture.
        9. Combination of agriculture with manufacturing industries; gradual abolition of the distinction between town and country by a more equable distribution of the population over the country.
        10. Free education for all children in government schools. Abolition of children’s factory labor in its present form. Combination of education with industrial production, etc. etc.

      1. I broke down and watched the part of the Broncos game yesterday. Mixed race couples, with their adorable mixed race kids, are the standard staple of advertising these days, especially for luxury items, like imported SUVs.

        I could see a first time visitor to the US being confused, as the country doesn’t resemble its TV shows and commercials, which are full of slim, mixed race couples driving around in Lexus and Audi SUVs.

        1. I could see a first time visitor to the US being confused, as the country doesn’t resemble its TV shows and commercials, which are full of slim, mixed race couples driving around in Lexus and Audi SUVs.

          That’s all my wife saw from China (her coffee shop is full of American expats all day every day), and all she saw in the bay area. I had to get her off the coast before she understood that was only a thin slice of America.

          1. Are there really a lot of mixed race couples in Silicon Valley? There is a lot of diversity, but from what I observed there isn’t much mixing.

            And really, am I going to buy a car because in its advertising they had a mixed race couple? I don’t care who is in the ad, if I don’t like the car or think it’s overpriced, you could have naked beauty queens in the ad and I still won’t buy it.

          2. Are there really a lot of mixed race couples in Silicon Valley?

            If your friends are mostly Chinese women married to American tech nerds then it seems like it. It all made more sense to me when I found out that Big Bang Theory is super popular in China and all the girls there think Sheldon is the most attractive on the show. Because he’s tall, pale, and smart. They just ignore the downsides or don’t even see them as downsides. Massive cultural difference.

          3. the girls there think Sheldon is the most attractive on the show

            LOL, so they aren’t into Indian or Jewish guys?

            A lot of that show’s humor must have gone right over their heads, especially all the Jewish stuff.

          4. Probably depends on the neighborhood, but there’s definitely a significant percentage (maybe 10%), with the most common caucasian male + assorted female, but I’ve seen Filipana + Indian, black male + white female, etc.

          5. LOL, so they aren’t into Indian or Jewish guys?

            Only if they are the tallest, palest, and smartest in the room. Then yes.

          6. Like Asperger’s

            Exactly. As someone slightly spectrum-y myself it’s nice to find a place where nobody cares :-).

        2. The economic reality of most of these coalburner relationships is much, much different than these (((advertisers))) would have you believe.

          Poverty, multiple baby daddies, and a general culture of willful ignorance. There aren’t many books in the homes where these mongrel sprogs are raised….

          1. So, to put it in more polite language, you rarely see married mixed-race couple raising children together in a nuclear family environment. And they certainly aren’t living in spacious light-filled single family homes either.

          2. you rarely see married mixed-race couple raising children together in a nuclear family environment

            Are we only talking lower class black/white mixing? I got confused because I was thinking other things.

          3. Are we only talking lower class black/white mixing? I got confused because I was thinking other things.

            The TV adverts typically show an upper middle class black male, white female and their sprogs in a $60,000 SUV.

            I’ve only ever met one couple like that (no sprogs). They didn’t last, though I think that was because he was a jerk.

          4. So, to put it in more polite language, you rarely see married mixed-race couple raising children together in a nuclear family environment. And they certainly aren’t living in spacious light-filled single family homes either.”

            Yea you do at least around here . I don’t know what ads you’re all seeing I gave up TV years ago 👍👍

          5. I’ve seen more black woman white man. It’s such a dream that there’s an entire sub-genre of romance fiction based on it: BWWM.

            Despite all the hatred, white males are the still the most desired demographic in the world. In practically every other country, the women throw themselves at white males. I don’t know if it’s the money or the ghost of the past when Americans were actually great, but who am I kidding it’s the money.

          1. I only caught the tail end of the game. I don’t watch any other network TV, so my sample size is admittedly small. But I do recall seeing two different SUV ads with the mixed race couples. Most of the other ads were for trux, beer, pizza and soda pop. The trux ads still seem to focus on the manliness of owning one, with the deep, gravelly voiced narrator telling you why the Ford/Chevy/Dodge is the best.

          2. trux, beer, pizza and soda pop

            Interesting. Because when I watched football about five years ago, almost at least half the ads were for phones and TVs and Alexa and cable packages and data plans. I guess they’re trying to return to their blue collar roots? Not sure why they would. Blue collar doesn’t bend the knee.

          3. I guess they’re trying to return to their blue collar roots?

            It could be a regional thing. Now that you mention it, I do recall seeing phone ads too.

  9. Dominion’s Eric Coomer Admits Systems Wifi-Enabled and Compatible with All Networks

    https://www.bitchute.com/video/4qNVgbAewt3L/

    Dominion denies this day after day, despite overwhelming evidence they are liars. Just what qualifies as evidence if not a confession? Hey Eric, what color is the bottom of the rock yer hidin’ under? And what’s yer neck size?

      1. Check out Rod Rosenstein next to Heinrich Himmler and Robert Mueller next to Heinrich Mueller! It also looks like Gretchen Whitmer is the granddaughter of a Nazi brought over during Operation Paperclip.

  10. Brian Kemp Held Meeting With Suspected Spy to Make Deals With Chinese Communist Government

    by Patrick Howley | National File.com
    January 4th 2021, 4:57 pm

    Manchurian Governor?

    Republican Georgia governor Brian Kemp met with and made deals with the Chinese Communist Party, according to Chinese-language records. Kemp reportedly “warmly welcomed” the Chinese Consul General from Houston in a meeting in which Kemp invited Chinese business investment in Georgia. That Consul General was accused by the Trump administration’s State Department of running an espionage ring, and the United States closed his Consulate in July 2020. Kemp is trying to stop China’s geopolitical foe President Donald Trump from getting a fair count of the votes in the 2020 presidential election in Georgia. Kemp’s former chief of staff lobbies for Dominion Voting Systems, the disputed election technology company whose machines are used in Georgia. (RELATED: Secretary of State Raffensperger Begged For Chinese Votes).

    HERE IS AN OCTOBER 9, 2019 ARTICLE IN THE CHINESE-LANGUAGE NEWSPAPER “Atlanta America Chinese Life,” an outlet that coordinates with United Front, a network controlled by the Chinese Communist Party. The article, translated by Google, reads in part:

    “At the end of September 2019, Consul General Cai Wei visited Georgia in person, visited Atlanta, Gunet County, and other regions, and had a cordial meeting with Georgia Governor Brian Kemp. Consul General Cai Wei called on Georgia Governor Kemp. At the meeting with Governor Kemp, Consul General Cai reviewed the cooperation between China and Georgia. Consul General Cai expressed his willingness to continue to promote bilateral exchanges and practical cooperation on the basis of previous work. Governor Kemp warmly welcomed Consul General Cai to take office, introduced the business environment in Georgia, and said that he welcomes more Chinese companies to invest and more Chinese students to study. At the same time, Governor Kemp spoke highly of the outstanding contributions made by overseas Chinese to the local economic and cultural development.”

    Marco Rubio
    @marcorubio
    #China’s consulate in #Houston is not a diplomatic facility. It is the central node of the Communist Party’s vast network of spies & influence operations in the United States. Now that building must close & the spies have 72 hours to leave or face arrest.

    This needed to happen.
    8:45 AM · Jul 22, 2020
    17.2K

    Kemp’s relationship with the Chinese Communists is concerning considering China was the outbreak spot for the Wuhan Coronavirus pandemic that resulted in 2020 election chaos in America, with many paper ballots getting counted late at night in Fulton County, Georgia. China has been open about its adversarial relationship with President Trump after Trump imposed tariffs to gain trade concessions from the Chinese regime.

    https://www.infowars.com/

  11. Exclusive: over 423,000 votes removed from Trump in Pennsylvania, data scientists say

    ‘Pennsylvania election data shows that over 423,000 votes were removed from President Donald Trump during the November election, data scientists say.’

    ‘According to an analysis by the Data Integrity Group, obtained exclusively by The Epoch Times, votes for Trump—from both Election Day and mail-in ballots—were removed from the totals in at least 15 counties.’

    ‘Time-series election data shows Trump’s votes decrementing in various counties at numerous time points instead of increasing as would be expected under normal circumstances.’

    ‘The group said that Election Day vote removals happened during the vote tabulation process in at least 15 counties, including Lehigh County, Chester County, Allegheny County, Armstrong County, Westmoreland County, Northhampton County, Delaware County, Montgomery County, Lackawanna County, Dauphin County, Pike County, Carbon County, Washington County, Erie County, and Luzerne County.’

    https://www.youtube.com/watch?v=EM8pC1pAizc

    Need more rope.

    ‘Time-series election data shows Trump’s votes decrementing’

    There’s that word again. “Votes are being removed”

    1. decrementing

      I can’t think of any scenario where a candidates total votes would go DOWN, ever at all. Maybe if there’s an “error?”

  12. Not sure what its like elsewhere, but I noticed in the islands these “opportunity zones” pop up the last few years in the most exclusive/wealthiest neighborhoods, many where you need 2-3 million just to get your foot in the door. I was scratching my head wondering what the heck is going on, tax breaks to buy a mansion? Apparently so, per this video by Catherine Austin Fitts. About 30 minutes in she discusses it:

    https://www.youtube.com/watch?v=LCiIc6i81uM

    She also talks about using the pandemic to run people out of business so they can buy property on the cheap. I suspected this early on last year given the nonsensical lockdowns Hawaii put in place with almost no cases. They even had to fudge the statistics, counting Hawaii residents who got sick and/or died on the mainland and they never reported active cases but cumulative cases. Now they are trying to make it acceptable for those who have gotten covid or vaccinated to continue wearing masks so via peer pressure everyone else will too.

    These people are insane.

  13. Watching this crypto sham in real time, Ethereum crashed 25% in a few hours last night, and it’s completely reversed all those losses and is pushing towards new highs again. It seems that all of these cryptos are trading in unison. It screams “algos.” Wall St. is cancer upon society.

  14. @oxide

    https://twitter.com/LLinWood/status/1344649562556923905:

    (1) Speculation is that @MarkMeadows has been setting himself up to be Chief Pharmaceutical Negotiator.” a position that HE drafted legislation for in April 2019. Mark has been a HUGE proponent of Big Pharma.

    https://twitter.com/LLinWood/status/1344649565388075008:

    (2) @MarkMeadows has worked hard to get anyone out of the way that has any alternative to Big Pharma (ask Mark about stonewalling Phoenix Biotech/Oleandrin). Who are the clients Mark has already lined up to work with his new consulting firm? Bill Gates? Moderna?

    1. Trump was surrounded with
      sell out Rino’s. A new party should be formed because Washington DC is just one big Den of Sin sell outs.
      Is it surprising that we have Big Pharma /Medical locking us down forcing Vaccines.
      I won’t let them touch me with their needles. They are suppressing the information on side effects people are getting from the Vaccines.

  15. Asset Classes Have Spent The Last Nine-Plus Months On A Skyscraper Elevator In Freefall

    They have a ride at Disney based on that: The Tower of Terror. Perhaps they should update it: it isn’t you who is falling, it’s the value of your shack.

    Alderaan real estate values drop to zero:

    https://youtu.be/5p0IP-FVG2I?t=150

    I should have sold that condo when I had a chance!

  16. Heard a Talking head say that Total Death Rate came in lower this year than 2019.
    Went to verify it and kept getting ran around the barn.
    It’s getting harder and harder to get basic facts rather than narratives .

    1. harder to get basic facts rather than narratives

      Especially impressed with this over the past year. It’s pretty darn close to us being treated like cattle being fed a specially formulated narrative all the time. I am glad that voices of dissent can still be heard.

  17. Obviously Big Pharma that runs a high amount of commercials owns the narratives.
    It was interesting how the Dems couldn’t talk about any thing else but the Affordable Care Act when they were disputing the Barret Judicial nomination.
    So, Trump wanting to dismantle Obama Care and get Big Pharma prices down and take away the Mandate to force gouging Health Care was a attack on that Cartels Monopoly.
    It’s interesting how all these Big Monopolies are showing just how much Government was their Pawn. How dare the people want a Government for the people.

  18. Ok, than you watch, the fake news will pit the vaccine takers against the non vaccine takers and cause a new division . The people who won’t take the vaccine will be called super spreaders worthy of being taken to camps, ( they are already talking about this in New York).
    This is a clever way of taking away Constitution rights by using Medical that supercedes all rights now.
    It was all such a power play for Obamacare to have the IRS force tax penalty if you don’t pay for their Commie Health Care that was gouging and looting people based on their income.
    They look at were the money is, than they design Bills to loot where the money is.
    So, I’m just saying that the Affordable Care Act was a looting job, and it had nothing to do with providing health care for the poverty stricken. In fact that care was already being provided by Medicaid and other programs. Plus, there. were laws that a emergency hospital couldn’t turn someone away.
    They use to have these Gov hospitals that poverty people could go to for health services.

      1. BlueSkye,
        I was going to mention the Charties also.
        And to add to my rant, there were .much cheaper ways to solve a problem of the people who couldn’t afford insurance. So instead, the 300 millon get gouged and can’t afford it, so the 20 million can have Obamacare, or Medicaid.
        Whenever the Government gets involved with private industry it just screws things up. Government has no business getting involved with industry except for in terms of regulations and rule of law.

    1. In the vaccine race, it looks like J&J is going to beat Asrta-Zeneca to the punch. J&J is expecting data by the end of January, potential application to FDA in February. J&J has been pretty quiet, so I hope no news is good news. J&J is similar technology to the Astra-Zeneca vaccine, with one exception — it’s one and done.

  19. Still not enough time for testing for any vaccine. oxide. Its your choice what your willing to take. Your young and healthy Im assuming. You research all the time, are you actually happy with what they are offering.

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