skip to Main Content
thehousingbubble@gmail.com

It’s A Story That Never Gets Old

A report from the Capital Times in Wisconsin. “‘I do believe landlords are preparing and I expect a huge increase once the moratorium is lifted,’ said Laura Nachazel, a court manager in the Dane County Clerk of Courts office. ‘I am sure many people are using the stay to live rent-free and abuse the system, but that is only my guess. I do get calls from unhappy landlords asking how they are to pay their mortgage and how one-sided this all is.'”

“Chris Mokler, a lobbyist with the Wisconsin Apartment Association, said landlords with tenants who are not paying rent are, in turn, squeezed on their own bills, mortgage payments and property taxes in an increasingly uncertain economy. He pointed out that landlords who fall behind on mortgage payments could see banks foreclose on their properties. ‘What are the landlords gonna do?’ Mokler said. ‘If landlords can’t make their payments, the renters are going to lose their homes. If you have 10 properties and you’re only receiving payments on eight, you’re probably hurting.'”

From KATU in Oregon. “While state lawmakers extended Oregon’s eviction moratorium for an additional six months, they didn’t do the same for foreclosure protections. ‘I don’t understand how our Legislature can differentiate the effect of eviction based on ownership of the property,” said a Multnomah County homeowner who reached out to KATU News. She did not want to share her name.”

“The homeowner said she is in the 30% of homeowners without a federally backed loan. ‘Through no fault of my own, I’m in a situation where I could lose my home that I’ve had for years and all the equity in it,’ said the homeowner.”

The Real Deal on New York. “Just because Manhattan’s deal volume is improving, doesn’t mean all is well. Price discounts have reached their highest levels in a decade, according to a fourth quarter report from Ryan Serhant’s new brokerage, Serhant. The report is based on market-wide data. Across the borough, the average discount on closed sales from initial asking price was 10.4 percent. For new development condos, the average discount was 8.7 percent.”

“For higher-priced units, the gap gets wider. The discount for homes listed over $10 million was 23 percent, while for new development condos it was 25 percent. Then there’s the vast supply of condos and co-ops for sale in Manhattan. That total has also reached the highest level in a decade, with about 9,550 homes listed for sale. That’s 28 percent above the number from a year ago, according to Serhant’s head of research Garrett Derderian. (There are 18,000 unsold units when taking into account shadow inventory — units that aren’t officially listed on the market.)”

“Derderian said that at the current sales pace, it would take 6.6 years for the units to be sold. ‘There’s a lot of inventory out there,’ he said.”

From Bisnow Washington DC. “The D.C. office market finished its difficult year with another weak quarter in Q4, as the pandemic-induced drop in demand brought vacancy to another record high. The District experienced 620K SF of negative net absorption in Q4, bringing its total 2020 occupancy loss to 1.4M SF, according to CBRE’s year-end market report. The report pegged D.C.’s vacancy rate at a record-high 15.9%, up from 15.4% in Q3.”

“CBRE Associate Director of Mid-Atlantic Research Wei Xie said Q4 was the worst quarter of the year for the D.C. market. During previous quarters, some deals that were initiated before the coronavirus pandemic had closed, but those had largely disappeared by October, adding that sublease availability also rose in the quarter. ‘Q4 was really a catch-all from a negative sense. We’re in the eye of the storm when it comes to office market real estate demand.'”

From Bisnow on Texas. “A coronavirus surge and lingering fears about indoor disease transmission caused huge year-over-year traffic declines at DFW-area shopping malls during the hallmark Christmas shopping days of Dec. 22 through 24, according to new data. Indoor malls suffered traffic reductions ranging from 30% to more than 50% in that time frame. ‘We had a feeling this holiday season may be a lot better than many expected, and then obviously the tremendous resurgence of COVID cases and the continuity of ‘anything that can go wrong will go wrong’ in 2020,’ said spokesperson Ethan Chernofsky.”

The Wall Street Journal. “Hotel owners are bracing for a difficult 2021, as the sector continues to reel from a historic drop in bookings caused by the Covid-19 pandemic. Even though the industry’s worst year in living memory ended with a glimmer of hope, many in the industry expect the celebrations to be short lived. Some lenders are starting to lose patience, brokers and investors say, which could lead to an increase in foreclosures and distressed-property sales in the first half of 2021.”

“Nayan Patel, who owns seven hotels in the Washington, D.C., area, including the Georgetown Inn, said his revenues are down around 80% compared with a year ago. Business travelers, formerly an important source of revenue, have virtually disappeared. ‘If you look at our numbers, they’re abysmal,’ he said. ‘I don’t try to look at them every day, because it’s too depressing. If you look at the calendar for next year for the convention center for D.C., it’s virtually empty. That’s a major problem.'”

“Mark Schoenholtz, a vice chairman at real-estate services firm Newmark, said he expects an increase in distressed-hotel sales in early 2021 as new spikes in infections lead to property closures. ‘That’s going to force the hand of both owners and lenders in bringing things to market,’ he said.”

From SF Weekly in California. “It’s a story that never gets old: San Francisco rents keep falling. Over the course of the year, the rent declines have been so substantial that the median two-bedroom apartment in the city is now renting for what the median one-bedroom was going for a year ago. In December, rents for one-bedroom apartments in San Francisco fell another 1.5 percent, to $2,660, down 24 percent year over year, according to Zumper. One-bedroom rents are now down 28.5 percent from a June 2019 peak of $3,720. Rents for two-bedroom apartments in the city fell 2 percent in December, to $3,500, and are now 22 percent lower than a year ago.”

“These declines are mirrored in Silicon Valley cities like Mountain View, Menlo Park, and Redwood City, providing further evidence for the so-called ‘tech exodus’ to places like Utah and Texas. Oakland has also seen a dramatic, 22 percent year-over-year decrease in median one-bedroom rents. One-bedroom rents in San Jose are down about 15 percent. Price declines for two-bedroom apartments have generally been lower than for one-bedrooms, as people seek more spacious digs.”

From Socket Site in California. “The average asking rent for an apartment in Oakland has ticked down another 1.4 percent over the past two months to $2,300, which is down 19 percent on a year-over-year basis and nearly 23 percent below a 2016-era peak of closer to $3,000 a month, with the average asking rent for a one-bedroom in the city having dropped to under $2,000 a month versus closer to $2,500 at peak.”

“At the same time, listing activity for available apartments in Oakland, which had remained relatively stable through the second quarter of 2020, has doubled versus the same time last year.”

The Los Angeles Times in California. “Southern California’s historic year of luxury real estate ended with a bang just before Christmas, as Owlwood — a Holmby Hills mansion that once listed for $180 million — sold for $88 million. The massive off-market deal, which sold as three separate parcels, closed Dec. 23, The Times has confirmed.”

“In 2009, it was acquired by a more controversial figure: Robert Shapiro, a real estate developer who a decade later was sentenced to 25 years in prison for running a $1.3-billion Ponzi scheme. He paid $90 million for the property through his firm, Woodbridge Group of Companies, and tried to double his money in 2017, listing it for $180 million before trimming the price a year later to $115 million after Woodbridge filed for bankruptcy. The estate was sold as part of the bankruptcy agreement.”

This Post Has 99 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

          ‘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

  1. ‘There are 18,000 unsold units when taking into account shadow inventory — units that aren’t officially listed on the market.’

    How do those inventory loans look now? And where is soup line Larry?

  2. ‘‘Through no fault of my own, I’m in a situation where I could lose my home that I’ve had for years and all the equity in it’

    Wa? But UHS says can always sell? Oh well anonymous loan owner, we’re all in this together.

    1. “The homeowner said she is in the 30% of homeowners without a federally backed loan.”

      So she couldn’t qualify for a federally backed loan?

  3. ‘In December, rents for one-bedroom apartments in San Francisco fell another 1.5 percent, to $2,660, down 24 percent year over year, according to Zumper. One-bedroom rents are now down 28.5 percent from a June 2019 peak of $3,720. Rents for two-bedroom apartments in the city fell 2 percent in December, to $3,500, and are now 22 percent lower than a year ago’

    These aren’t effective rents, which include concessions and vacancies. That would bring it down to half, as I’ve said this year. But we had a post not that long ago with bay aryans admitting it was down half and still couldn’t rent the thing. Foreclosure city, coming up.

  4. ‘‘If you look at our numbers, they’re abysmal,’ he said. ‘I don’t try to look at them every day, because it’s too depressing. If you look at the calendar for next year for the convention center for D.C., it’s virtually empty. That’s a major problem’

    Eat yer crowz taxpayer. Try not to get tarred and feathered tomorrow.

    1. If you look at the calendar for next year for the convention center for D.C.

      Ditto in Denver. It’s going to be two years with no conventions. The convention center is surrounded by high rise hotels, thousands of rooms that were empty all last year and will remain empty this year.

      The local comic con organizers are begging for donations to keep their lights on, but since they went SJW/Woke a few years ago, I welcome their demise.

  5. ‘If you have 10 properties and you’re only receiving payments on eight, you’re probably hurting’

    A 20% decline in revenue will kill off those who paid (or refinanced) too much. How many markets are off 20% plus already?

  6. ‘luxury real estate ended with a bang just before Christmas, as Owlwood — a Holmby Hills mansion that once listed for $180 million — sold for $88 million’

    It ended with an a$$-pounding LAT.

    1. ‘Mr. Lai pleaded guilty in August to charges of taking bribes, embezzlement and bigamy. A report by China’s state-run Xinhua News Agency at the time said he expressed remorse in his final statement’

    2. This is what happens when you collude with Communists. If you displease them they take all your money, shoot you in the back of your head and make your family watch your execution (and pay for the bullet).

  7. “For higher-priced units, the gap gets wider. The discount for homes listed over $10 million was 23 percent, while for new development condos it was 25 percent. Then there’s the vast supply of condos and co-ops for sale in Manhattan. That total has also reached the highest level in a decade, with about 9,550 homes listed for sale. That’s 28 percent above the number from a year ago, according to Serhant’s head of research Garrett Derderian. (There are 18,000 unsold units when taking into account shadow inventory — units that aren’t officially listed on the market.)”

    Why need account shadow inventory?

    1. “Signatories to the letter included leaders of Deutsche Bank, Goldman Sachs, Warby Parker, JetBlue, Condé Nast, Con Edison, Lyft and dozens of others.”

      Ah yes, Beijing’s bootlickers openly demand we become more like the PRC. The PRC has elections too.

      1. Thats a helluva list – 2 vampire banks, a bunch of bankrupt zombies, 1 thats never made a penny of profit and 1 I’ve never heard of but I’m sure falls into one of the aforementioned categories.

        Lets just get on with CW2 already.

    2. A bunch of Investment Firms, Goldman Sachs, Plizer, Macy’s, some Big Insurance Companies on the list, your usual suspects.
      No doubt they want bail outs or Government supplements.

    3. Is everything editorialized now? This is posted under news not opinion yet contains phrases like “Donald Trump’s quixotic effort”, “Trump and his allies have continued to push conspiracy theories”. “which has led to talk of a criminal investigation.”

      Talk of a criminal investigation! Wow, that sounds like solid news.

      Then there are the quotes, the oh so irritating, arm-in-arm, we shall overcome, pat ourselves on the back quotes like “Attempts to thwart or delay this process run counter to the essential tenets of our democracy.” Serious people! The adults are going to be in charge again! And another set of heroes too: “America’s manufacturing workers have heroically stepped up” Give me a break. Heroically stepped up so they could keep getting a paycheck. The hero bar is pretty low these days. Enough with the theatrics already. Get over yourselves. Me included.

  8. Government by Globalist Monopoly Cartels with their ridicules false narratives is about the worst type of rule you could get.
    They have come out ahead with these lockdowns and they have gotten bail outs that would make you sick.
    Going back to the Bail Out by the tax payers in 2009 of the Lending /Banking Fraud , this was the beginning of more of the same.
    Just a bunch of rigged markets .
    Maybe 75%of the States should eliminate the 16th amendment so we can de-fund this corrupt Washington DC. Must be a better way to fund the Military and what the Government should be paying for .They are just Looters for special interest with the power to tax and pick the winners and losers.
    The fear mongering of Covid-19, or Climate Change going to kill us is just so contrived that it’s insulting.
    Small business being killed by these lock downs so Big Business becomes more of a Monopoly.
    You can always tell what they are going to do because they test the waters with their insanity ,than they do their polls , that tells them what false narrative they need to peddle.
    The fake news is responsible for interference of election by burying news on Biden that the Public was entitled to know.
    Rigging this election is the biggest crime I have ever seen against the US Citizens. The lockdowns and lawlessness aren’t justified.
    Now they are going into the cycle of identity politics and changing words because it’s a attack on sanity and America. No different than a Mao type destroying of culture to replace with Top down control.

    1. I love your posts. Allow me to parse …

      “Government by Globalist Monopoly Cartels with their ridicules false narratives is about the worst type of rule you could get.”

      They are using what works. Back to discussing my two step mantra:

      Step 1: Dumb ‘m down.

      Step 2: Profit.

      End of discussion.

      “They have come out ahead with these lockdowns and they have gotten bail outs that would make you sick.”

      Only you, it only makes you sick.

      “Going back to the Bail Out by the tax payers in 2009 of the Lending /Banking Fraud , this was the beginning of more of the same.
      Just a bunch of rigged markets .”

      Again, they are just using what works.

      “Maybe 75%of the States should eliminate the 16th amendment so we can de-fund this corrupt Washington DC.”

      Gook luck with that. These “75% of the states” aren’t going to eliminate diddly; From where do you think Washington garners these corrupt politicians if not from the states? The states act as farm teams for the DC crowd. They have no interest in bucking a System that they want to join.

      “Must be a better way to fund the Military and what the Government should be paying for .They are just Looters for special interest with the power to tax and pick the winners and losers.”

      Yep.

      “The fear mongering of Covid-19, or Climate Change going to kill us is just so contrived that it’s insulting.”

      Yep. Insulting, … but effective. Again, using what works.

      “Small business being killed by these lock downs so Big Business becomes more of a Monopoly.”

      Yep.

      “You can always tell what they are going to do because they test the waters with their insanity ,than they do their polls , that tells them what false narrative they need to peddle.”

      Yep.

      “The fake news is responsible for interference of election by burying news on Biden that the Public was entitled to know.
      Rigging this election is the biggest crime I have ever seen against the US Citizens. The lockdowns and lawlessness aren’t justified.
      Now they are going into the cycle of identity politics and changing words because it’s a attack on sanity and America. No different than a Mao type destroying of culture to replace with Top down control.”

      Yep, yep, and yep.

      1. Very funny Mr Banker, I’m your straight man , that’s ok I like the humor. I got you figured for being in show biz on some level I’m right aren’t l. You won’t tell.

        So, Me Banker where do you think all this is going to lead to? Bet you never had somebody ask you a question .

        1. “So, Me Banker where do you think all this is going to lead to?”

          I think that we have seen Peak America, that we as a country have had it made in the shade and are now allowing it all to be thrown away.

          1. Wow Mr Banker, my sentiment also that we had it made and it’s being thrown away, or stolen.

  9. Just read that Musk unloaded his last 3 California shacks, for $41M. Not sure if he made or lost money.

    I wonder if Larry Ellison will do the same. I think he owns over a dozen properties in Cal. one with its own private golf course.

  10. I could lose my home that I’ve had for years and all the equity in it,’ said the homeowner.

    If you have equity, then you can sell it. Yes, house prices are down. But if you bought “years” ago, you’re likely still above water and break even. I only bought 9 years ago (time flies!) and I can sell for twice what I owe.

      1. You said something about buying land. Where did you buy? Certainly not in that commie druggie state you live in?

        I heard on Timcast that plots of land are going fast in West Virginia. However, Zillow appears pretty flush of listings. But land is $10-30K/acre, depending on road frontage and where the utilities are. It’s not surprising — West Virginia seems to be the state of choice for 2nd amendment refugees from MD, PA, and VA.

          1. One day, people will remember that rights are not granted by government, or a piece of paper called the constitution. Only then will it mean anything.

        1. It’s south of Pueblo and north of the New Mexico state line, and I’ve never seen a Pedo Joe sign or bumper sticker anywhere in the county.

          People from Denver who vote like the other 79.55% of Denver voted know they’re not welcome there.

          1. Would be interested in hearing more about this land. Price per acre, any impact fees, building restrictions, water, etc. Maybe a general area so I can look at what’s available. If it’s not too bubblicious, I’d like to put my money into something. Crypto – JUST.NO. Hard assets, sure.

          2. I’d like to put my money into something

            Burns a hole in your pocket, as the saying goes.

            I decided to do a workaround on the Real Estate thing and keep the money. Well, I spent 1/10th. Now as three score and ten approaches, I’m just quite satisfied where I am. I figured I’d spend the money on women, fine scotch, boats and just waste the rest, but as a decade of this alternative approaches, I’m still saving. Taking a walk in the forest or along the river just doesn’t cost anything.

            Maybe post restriction madness I can be a little more spendy.

          3. Mafi like to say that housing is a depreciating asset. But the US dollar is depreciating even more rapidly. For the past 6 months we’ve been told there’s going to be a crash and OMG get out of the equity market NOW. Well, here we are. Anyone who tried to be safe and keep cash and/or gold is getting hammered, not to mention the all the Bitcoin and Tesla mockery. And now Americans are getting some of that Venezuela syndrome — buy a hard asset, any hard asset.

            I posted the other day some land prices in the general area — it’s $500-$1000/acre, raw. It goes up if it’s road frontage or has utilities nearby. I’m not buying a specific rural plot is a good choice unless you’re ultimately planning to lease it or live on it. Otherwise it’s just gonna stay that $1000/acre. You might be better off in commodity and Ag funds.

          4. Anyone who tried to be safe and keep cash and/or gold is getting hammered

            I’m fine actually. Thank you for expressing concern for me from the debtor/speculator side though.

          5. Burns a hole in your pocket, as the saying goes.

            Not me. I’m a saver. But that’s not even keeping up with inflation, so I need to diversify.

          6. “…so I need to diversify.”

            Don’t worry about those curved fins over there. Come on in…water’s fine.

    1. At this point, unless there is a military coup, I see Biden being inaugurated. The checks and balances no longer work. The Supremes washed their hands in a very Pontius Pilate way.

      1. Calling it a “military coup” when the rightful President retains power after an “attempted coup” by the opposition via massive election fraud is pretty rich, don’t you think?

        1. I didn’t say that it wouldn’t be justified, but unless Trump invokes the insurrection act, then it would be a coup. Whether they back Trump or just form a Junta and take over is another matter.

      2. “The Supremes washed their hands in a very Pontius Pilate way.”

        You have certainly drawn a picture with that statement, just switch Jesus for the American middle class that will be crucified.

        It just won’t be the same in the end because no one will be able to say…

        ‘Forgive them for they know not what they do’

        1. drawn a picture

          It will not be similar if we decide not to go quietly. It will not be similar if we do go quietly, because no good will come of it.

          1. Just got a picture in a text message of what looks to be a pretty damn big Trump Rally taking place in Port Saint Lucie Florida right now.

    2. Did Oxide just inadvertently issue a shoeshine girl crash warning?

      It’s the point when crashes seem completely out of the question that they hit like a ton of bricks that nobody could have seen coming.

      1. A shoeshine warning with respect to what? The assertion that I could sell my house for double what I owe on it? That’s not indicative of a bubble.

        I based the value of my house on recently sold houses in my nabe. All the houses were smaller, or smaller lots, or one less bathroom, so that value is conservative. The appreciation is 2.6%/year, which is historical norm. My equity was built up over nine years, divided into: 16% down payment, 45% principle payment, 39% appreciation. That’s not a bubble; that’s normal for anyone who bought a house nine years ago and paid extra on the mortgage each month. Why do you guys hate this so much?

  11. Here’s a salient quote from Jeremy Grantham regarding asset price bubbles:

    “The one reality that you can never change is that a higher-priced asset will produce a lower return than a lower-priced asset. You can’t have your cake and eat it. You can enjoy it now, or you can enjoy it steadily in the distant future, but not both – and the price we pay for having this market go higher and higher is a lower 10-year return from the peak.”

    1. its 2.75 % here with no points I checked yesterday with 4 lenders some were higher . All had about 1500 or more in fees .

    2. Shows you where we’re going in the US. I have to do something different. My current plan of waiting out this bubble is not working at all.

  12. Rents for two-bedroom apartments in the city fell 2 percent in December, to $3,500, and are now 22 percent lower than a year ago.”

    Even with a 22% decrease, the cost of rent still bobbles my mind

  13. Mad Max (1979)

    In a self-destructing world, a vengeful Australian policeman sets out to stop a violent motorcycle gang.

    Mad Mask (2021)

    In a self-destructing world, a vengeful Fat Liberal grocery store worker sets out to stop an old woman at the self checkout lane.

    Elderly woman denied buying food for non compliance at Winco Salem, OR

    7,347 views•
    Jan 3, 2021

    https://youtu.be/vfJPfwSv3ac

  14. I finally understand the crypto nonsense. In a world gone mad, many just go mad, too. I’m getting 1/2% per year on my savings account, yet the cryptobros are getting 75% A DAY on Loopring. You just can’t make this sh!t up.

    Am I buying crypto? Fawk no. But I understand why people are doing it. There’s nowhere else to get a return. I hope Jerome Powell gets hit by a bus. Yeah, that’s mean. But he’s mean.

  15. Explains the vast numbers of Chinese PhD’s in High tech

    “The president-elect has promised to be less harsh by expanding the total number of visas available, and scrapping country quotas for green cards. He has also said he will ensure that foreign students getting STEM PhD degrees in the US are exempt from visa caps, and that green cards are automatically doled out to those getting doctorates.

    1. “Less harsh?”

      Why don’t they just disband INS altogether? Oh wait, they already want to do that. And believe me, universities will snap up those Chinese grad students. They pay full freight, while those pesky Americans need waived tuition and teaching stipends.

  16. Here We Go Again: Dominion Voting Machines Down in 3 Republican Georgia Precincts

    by Jamie White
    January 5th 2021, 11:51 am

    “They have to make their ballot out and put it in an envelope, and the poll workers are saying ‘when it’s fixed, we’ll scan it for you’ — so there’s all kinds of red flags right there.”

    WW News 🚨
    @WW_NEWS_
    Replying to @WW_NEWS_
    Heres @jfradioshow with the scoop.

    “Dominion machines in 3 of the largest Republican precincts are down.They are told they cant scan their ballots because the machines dont work.The pole workers are saying ‘When it’s fixed we’ll scan it for you’. There’s all kinds of red flags”

    https://www.infowars.com/

    1. WW News Police cars revolving light
      @WW_NEWS_
      ·
      5h
      Heres
      @jfradioshow
      with the scoop.

      “Dominion machines in 3 of the largest Republican precincts are down.They are told they cant scan their ballots because the machines dont work.The pole workers are saying ‘When it’s fixed we’ll scan it for you’. There’s all kinds of red flags”

      Hollis
      @Kahluablue
      ·
      4h
      Replying to
      @WW_NEWS_
      and
      @jfradioshow
      I’m sure that Ruby Freeman will help them!

      https://twitter.com/WW_NEWS_/status/1346501359835742208

      1. The rigged National Election just can’t stand. The only fair thing to do is a redo in at least the 6 or 7 swing States.
        Actually , a new Election in all States is warranted.

  17. If he had only just rioted and looted a few city blocks before setting them on fire along with a few police cars and pelted the police officers with rocks, bottles and Molotov cocktails he would have been alright.

    Proud Boys leader released from jail but ordered to leave DC and stay away

    Jack Moore
    January 5, 2021, 2:35 PM

    The leader of the far-right extremist group the Proud Boys, who was arrested Monday ahead of protests planned by supporters of President Donald Trump, has been released from jail but has been ordered to leave D.C. and stay away until his next court appearance.

    Henry Tarrio, who goes by Enrique, was arrested shortly after arriving in D.C. on Monday afternoon.

    Tarrio is accused of being involved in the tearing down and burning of a Black Lives Matter banner from a historically Black church in downtown D.C. during a pro-Trump rally last month.

    In addition to destruction of property charges, the 36-year-old is also facing two felony weapons charges: D.C. police said officers found him with two high-capacity firearm magazines when he was arrested.

    https://wtop.com/dc/2021/01/court-docs-in-church-sign-burning-cite-proud-boys-leaders-own-words-memes/

  18. No “pent-up demand” for $500,000 starter homes happening here.

    For younger workers, the coronavirus has been a disaster (1/4/20):

    “The economic recession caused by the coronavirus pandemic has been unprecedented in many respects, but all too familiar in one: The crisis has taken a particular toll on young workers.

    As unemployment around the U.S. was peaking this spring, more than a quarter of young Americans lost their jobs. Most of the country’s youngest workers have either lost a job or taken a pay cut during the crash, according to Pew Research — and perhaps not surprisingly, they are also the most likely to report having trouble paying their bills or rent.

    Younger people who still have jobs are least likely to have the option of telecommuting, according to a report from the Economic Policy Institute (EPI), losing out on a large added measure of protection from the virus, not to mention the cost savings of not having to commute. They’re also most likely to have relocated due to the pandemic: For the first time since the 1930s, more young adults in the U.S. are living with parents than not, according to Pew data.”

    https://www.cbsnews.com/news/coronavirus-pandemic-recession-young-workers-hit-hardest/

    1. EDIT: 1/4/21

      “Young workers were among those hit hardest by the coronavirus shutdown this spring. The unemployment rate for 16- to 24-year-olds peaked at 27% in April, according the U.S. Bureau of Labor Statistics. As of November, unemployment among the youngest workers was twice as high as among other employees.”

      Welcome to the recoveryless recovery.

    2. “As unemployment around the U.S. was peaking this spring, more than a quarter of young Americans lost their jobs. Most of the country’s youngest workers have either lost a job or taken a pay cut during the crash, according to Pew Research — and perhaps not surprisingly, they are also the most likely to report having trouble paying their bills or rent. ”

      No worries Biden promises no limit on H1B and green cards for all Phd’s. I work with many of these people and their parents are often on Medi-Cal how cool is that ??

    1. a 10-year lookback provision

      A tax on what you used to have, when you used to live here, just says “Don’t come back.”

        1. There are plenty of tents, needles, and feces in Downtown Denver just waiting for you. Plant your foot in some fresh feces, go eat in a bubble tent, post about it on Instagram and get assaulted in the parking garage.

          And the perps will never get caught, it’s a Denver thang…

          1. I don’t go there either. The only time I ever went was to the local Comic Con at the Convention Center (and I didn’t venture outside), but I stopped going after it turned into a woke clusterf*ck, and now Covid has killed it for good.

  19. Why bother increasing Section 8 funding? Just make evictions illegal.

    And don’t leave your house for an extended period of time (say a vacation). If squatters move in during your absence, it might be tricky to get them extricated.

    1. Seems like the most efficient robot design would resemble an insect with six or eight legs and it’s vital components protected within the cephalothorax region. A few small meshed surveillance drones deployed overhead upon adversary contact would provide target identification and prioritization.

  20. Remember, this guy is a globalist carpetbagger. He doesn’t represent Georgia, he doesn’t represent the South, and he’s not a Christian.

    “Democrat Jon Ossoff declared victory in one of Georgia’s two Senate runoff elections Wednesday morning as tallies showed him leading incumbent Republican David Perdue by just over 16,000 votes.

    Should his lead hold over Perdue, whose Senate term ended Sunday, Ossoff would be the youngest member of the upper chamber. Democrats would also control the Senate for the next two years following Raphael Warnock’s win in Georgia’s other runoff on Tuesday.

    The Associated Press, which has not yet called the race, noted that 98 percent of the votes cast have been counted.”

    https://thehill.com/homenews/campaign/532846-ossoff-declares-victory-thanks-supporters-as-race-still-uncalled

Comments are closed.

Back To Top