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They’re Talking About Just Turning Their Property Over To The Bank

It’s Friday desk clearing time for this blogger. “The city’s for sale, but who’s laying down millions and buying in? Michael Nierenberg and his wife bought a three-level Greenwich Village penthouse for less than half the seller’s initial ask of nearly $34 million. Next door to the Hovnanian’s former home, another 20-foot wide townhouse sold — but at a loss to the seller.”

“Sales in Bella Collina continue to look desperate, considering it is 19 years on the market with only about 10% real family residents occupancy. Some may call it ‘pathetic’ or ‘grand failure.’ Homeowners in Bella Collina continue to face difficulties selling their homes like in the rest of the country. ‘It seems to me like homeowners are disappointed in Bella Collina, named GHOST TOWN in the media, says Don Juravin, a resident of Bella Collina, in central Florida, located in a remote location about 30-50 min from Orlando.”

“Bostonians face the increasing threats of eviction and foreclosure as winter’s grip grows tighter on New England. Greater Boston isn’t known for being packed with major landlords who can be flexible at the end of each month. Many times, it is the owner of a three-decker who lives in one unit and rents out the rest to pay the mortgage. ‘They are often the people in trouble,’ said Larry DiCara, a Boston-based real estate lawyer. ‘If hypothetically nobody pays rent, then nobody pays the mortgage. Then you really have a problem.'”

“The Helping Hands for Housing Coalition estimates Wisconsin’s rent shortfall could be upwards of $465 million. There is another problem though: most local landlords can’t pay their mortgages if their tenants can’t pay rent. ‘The moratorium is not a solution, it’s just kicking the can down the road,’ said attorney Tristan Pettit. “I have clients that are in a lot of trouble. They’re talking about just turning their property over to the bank because they just don’t know what to do.'”

“Legislation extending the eviction moratorium until June in Oregon also includes an amendment that provides compensation to landlords who are struggling due to tenant non-payment. Wendy Roberts and her husband temporarily moved out of their Jacksonville home to allow renters in order to make some extra money, but when the pandemic hit she found herself with a tenant that either could not or would not make payments.”

“‘We had zero support. I looked and looked – I made calls to everybody I could. I know there are more people like me. We needed help and we got zero support,’ Roberts said. ‘We can’t just magically be paying everything.'”

“There’s no time like the present to sign a lease in San Francisco. As many as 89,000 people may have left the city since the start of the COVID-19 pandemic, and vacancies have more than doubled since last year. ‘There’s a huge amount of vacancies being unloaded on the market, and people aren’t moving here,’ says Jackie Tom, who owns a leasing agency that focuses on filling vacancies for landlords. Locking in a tenant now also means throwing in generous moving bonuses and concessions like months of free rent — or in Tom’s experience as a property manager herself, lots of free furniture.”

“When a prospective tenant complained about the lack of storage space in Tom’s four-bedroom Victorian property, she offered to buy complimentary IKEA closets (of the tenant’s choice!) for all the bedrooms and a shelving unit for the back porch. ‘And then I threw in a barbeque grill to seal the deal,’ she laughs.”

“Realosophy shows the average cost of renting a home in Central Toronto dropped to $2,132 in December. This is compared with a slightly higher $2,152 for Toronto as a whole and $2,227 for the GTA. This put Central Toronto rents down more than 18 per cent from the same time in 2019 — a more substantial drop than the GTA, where rents fell 9.75 per cent year-over-year. It’s definitely something new for the region, in which prices have always been higher in the downtown core, as they tend to be around any major city. As Realosophy President John Pasalis said, he ‘never thought [he] would see this.'”

“Despite the decline, Amsterdam still tops the list of rental prices. Rents have also dropped in The Hague, Rotterdam, Utrecht and Eindhoven, Pararius said. The decline has been boosted by the collapse of tourism and the fact new expats are not arriving, but rent levels had already reached a maximum before the coronavirus pandemic started, says Pararius director Jasper de Groot. ‘Prices are simply high,’ De Groot said.”

“House prices in Spain fell 5.7% in November compared to the previous year, the College of Notaries said, as the coronavirus pandemic has depressed the real estate market and sellers lowered expectations amid a swelling housing stock. With tourism limited and much of Spain’s activity shifting online, two of Spain’s largest property portals said earlier this week, forcing landlords to either lower rents or sell, which has dragged house prices down as the stock grew.”

“The amount of rental homes available was 78% higher at end-2020 than when the year began, property portal Idealista said, meaning rents in once red-hot real estate hubs like Madrid and Barcelona fell by 7.3% and 9.4% respectively.”

“Average prices for new and resale condo supply are projected to continue falling this year as the glut of unsold condos is overwhelming, with new units added to the stockpile. Nexus reported a year-on-year decrease of 11% in average condo prices in Bangkok to 126,909 baht per square metre in the fourth quarter last year. ‘New condo supply will remain low this year, with around 33,000 unsold condo units being completed that will add to unsold stock,’ said Nalinrat Chareonsuphong, managing director of consultant Nexus Property Marketing Co.”

“Even in a slump, Hong Kong’s famously lofty property prices can be enough to send a shudder down the spine. But if that doesn’t do it, how about the thought of sharing a flat with a ghost? Homes touched by untimely or violent death more often than not come with huge discounts for those brave enough to take the plunge, say agents. Banks are more conservative with such properties because ‘haunted flats may be difficult to resell as the Chinese tend to avoid them,’ said Eric Tso, chief vice-president at mReferral Mortgage Brokerage Services. ‘The range of customers is narrower and the resale value is lower. There will be a larger discount [in valuation] if they have concerns.'”

“Chinese housing app Danke Apartment, once considered one of the country’s most promising start-ups, has reportedly left many young Chinese – potentially thousands – homeless. Some say they have been forced out onto the streets in the middle of a freezing winter, and one even reportedly killed himself. Many homeowners also say they are owed massive amounts of unpaid rent. Experts say the company expanded its debt-fuelled model too aggressively and too fast.”

“‘The company has certainly failed from a financial point of view, but its impact is even worse from a social point of view. Regular folks do not understand how its business model works, so the firm managed to take advantage of a lot of young people,’ says Ms Edith Yeung, a general partner at venture capital firm Race Capital.”

“Sydney unit rents have recorded their steepest drop in more than 15 years, new data shows, giving tenants in some pockets the chance to negotiate hundreds of dollars off asking prices. In the city centre, where renters are spoilt for choice, some landlords have slashed prices by up to 35 per cent to secure a tenant, said Michael Lowdon, principal of Ray White Residential Sydney CBD, with some renters considering up to 20 properties at a time. ‘[Renters] are very, very picky at the moment, because they hold all the cards,’ Mr Lowdon said.”

“Tessa Pang was able to negotiate a rent reduction late last year for her two-bedroom apartment in Paddington. The landlord was willing to drop the rent by $30, bringing the rent down to $470 – less than the $475 the property was advertised for back in 2010.”

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This Post Has 115 Comments

  1. ‘“When a prospective tenant complained about the lack of storage space in Tom’s four-bedroom Victorian property, she offered to buy complimentary IKEA closets (of the tenant’s choice!) for all the bedrooms and a shelving unit for the back porch

    That’s the spirit!

    ‘And then I threw in a barbeque grill to seal the deal’

    Laugh it up Jackie, cuz yer fooked. I guess feeding the squirrels was out of the question.

  2. ‘The landlord was willing to drop the rent by $30, bringing the rent down to $470 – less than the $475 the property was advertised for back in 2010’

    Oh dear…

    1. More than 10 years of bubble gains wipe out… it was a good thing nobody was counting on rent increasing 5-8% per year when they brought their investment properties within the last 10 year.

    2. I believe that in Aus, they quote rent by the week. So that is actually around $2K / month. Good still that it is coming down

  3. ‘They are often the people in trouble…If hypothetically nobody pays rent, then nobody pays the mortgage. Then you really have a problem’

    I thought you could always sell Larry? That was hypothetical too I suppose.

  4. ‘continue to look desperate, considering it is 19 years on the market with only about 10% real family residents occupancy. Some may call it ‘pathetic’ or ‘grand failure.’ Homeowners in Bella Collina continue to face difficulties selling their homes like in the rest of the country. ‘It seems to me like homeowners are disappointed in Bella Collina, named GHOST TOWN in the media’

    Somebody is a lion Orlando.

  5. ‘The city’s for sale, but who’s laying down millions and buying in? Michael Nierenberg and his wife bought a three-level Greenwich Village penthouse for less than half the seller’s initial ask of nearly $34 million. Next door to the Hovnanian’s former home, another 20-foot wide townhouse sold — but at a loss to the seller’

    But it’s 20 feet wide? That’s more than a mobile home in Estevan! Wa happened to frozen soup line Larry?

      1. Another former Bear senior mortgage exec who was also named in the Ambac lawsuit was Tom Marano.

        Also from the above Atlantic article.

        “A year later, in 2018, Marano was hired as CEO of Ditech, also struggling before he arrived. Within two months he was shopping Ditech for a potential sale. It filed for bankruptcy last February, selling its servicing rights for about $1 billion to New Residential Investment Corp. That firm is run by Michael Nierenberg, another Bear Stearns alum who had worked closely with Marano as co-head of mortgage-backed securities trading.”

        And what are those two Bear Stearns’ alum doing today?

        “A year later, in 2018, Marano was hired as CEO of Ditech, also struggling before he arrived. Within two months he was shopping Ditech for a potential sale. It filed for bankruptcy last February, selling its servicing rights for about $1 billion to New Residential Investment Corp. That firm is run by Michael Nierenberg, another Bear Stearns alum who had worked closely with Marano as co-head of mortgage-backed securities trading.”

        https://finance-commerce.com/2019/11/subprime-mortgages-keep-ex-bear-stearns-banker-working/

        1. Oops, somehow I didn’t get my comments in the right order. My post above should be after the one below.

          This gem was also in The Atlantic article:

          “The lawsuit’s supporting e-mails, going back as far as 2005, highlight Bear traders telling their superiors they were selling investors like Ambac a “sack of shit.” “

          1. Another correction. On my first post above, the quote from The Atlantic article should instead be this:

            ” But according to depositions and documents in the Ambac lawsuit, Bear’s misdeeds went even deeper. They say senior traders under Tom Marano, who was a Senior Managing Director and Global Head of Mortgages for Bear and is now CEO of Ally’s mortgage operations, were pocketing cash that should have gone to securities holders after Bear had already sold them bonds and moved the loans off its books.”

            “Testimony shows Marano would have known about the decisions his head traders were making”

            Geez, I really bungled these up – I guess don’t post while distracted.

    3. Well, well, well, Michael Nierenberg sure is living high on the hog, considering the carnage in his employment history.

      ‘E-mails Suggest Bear Stearns Cheated Clients Out of Billions’

      ” But according to depositions and documents in the Ambac lawsuit, Bear’s misdeeds went even deeper.”

      “Mike Nierenberg, who ran the adjustable-rate mortgage trading desk at Bear and is now the head of mortgages and securitization for Bank of America, was a key player ensuring the defaulting loans Bear was buying would move off their books right after they bought them, with little concern for the firm’s due diligence standards.”

      https://www.theatlantic.com/business/archive/2011/01/e-mails-suggest-bear-stearns-cheated-clients-out-of-billions/70128/

      “Since the 1990s, he has served … and Lehman Brothers, and he was an integral part of the adjustable-rate mortgage development of Lehman Brothers. He also became a board member of Bear Stearns in 1994. … He was co-head of structured products, head of interest rate and foreign exchange trading and co-head of mortgage-backed securities trading. In 2006, he was appointed to the Bear Stearns board of directors. During his 14 years with Bear Stearns, … he moved on to management committee at J.P. Morgan, and he went on to serve as the head of the global mortgages and securitized products with Bank of America Merrill Lynch in 2008.”

      https://econotimes.com/Michael-Nierenberg-of-Bear-Stearns–Success-Tips-for-Investment-Managers-1581990

  6. Moved out of your own home…to rent it to make some cash.

    Tenants not paying now thanks to the marxists in charge. No way to evict.

    What to do…what to do???

    “Wendy Roberts and her husband temporarily moved out of their Jacksonville home to allow renters in order to make some extra money, but when the pandemic hit she found herself with a tenant that either could not or would not make payments.”

    1. Tenants not paying now thanks to the marxists in charge. No way to evict.

      And Pedo Joe just released his plan to extend the moratoriums all the way to September. You know why they’re doing this? It’s not for the tenants, it’s to flush the weak hands out so the deep pockets can take everything, just like the lockdowns destroy small businesses and strengthen corporations like Walmart, etc. All by design.

    2. “but when the pandemic hit she found herself with a tenant that either could not or would not make payments.”

      Does Wendy have any idea when Mr. and Mrs. Woodknot will be moving out? What about the Kantpays across the street?

    3. “Moved out of your own home…to rent it to make some cash.”

      Reminds me of a family in the book, “Ten Lost Years, 1929-39.” They move into the basement, rent their home to a wealthy family and the wife becomes a concierge.

  8. ‘There’s a huge amount of vacancies being unloaded on the market, and people aren’t moving here’

    Nobody wants to live there. And on top of their double digit vacancy, they got a bunch of people not paying rent.

    How do those 5% cap rates look now?

    1. California has a top STATE income tax of 13%

      SF has a local wage tax of 1.5%

      And for all those taxes?

      You get poop in the streets and get to be called a racist for working hard and doing math.

      1. Don’t forget property tax, vehicle registration tax, gas tax, alcohol tax, excise tax, surtax, capital gains tax, on top of those, now a proposed wealth tax. It’s amazing we have anything left to live on.

  9. You got marxists in charge. What did you think would happen?

    My guess is you helped them get them elected too.

    “‘We had zero support. I looked and looked – I made calls to everybody I could. I know there are more people like me. We needed help and we got zero support,’ Roberts said. ‘We can’t just magically be paying everything.’”

    1. You got marxists in charge.

      He was probably down with the cause, not realizing he was going to be the resource they would milk, shear, and then eat.

  10. ‘There’s a huge amount of vacancies being unloaded on the market, and people aren’t moving here’

    Desperation and soaring strategic walkways and mortgage defaults all around him… It ought to be self-evident.

    Pasadena, CA Housing Prices Crater 10% YOY As Soaring Excess Inventory Sits And Rots

    https://www.movoto.com/pasadena-ca/market-trends/

  11. If you don’t how it works – DON’T USE IT OR INVEST IN IT.

    And I have no idea why anyone would need an “app” to pay your fooken rent. I am sure there was “something for nothing” in it financially backed by clueless investors to “disrupt” the industry. Like “points” to use at some bankrupt retailer.

    ““The company has certainly failed from a financial point of view, but its impact is even worse from a social point of view. Regular folks do not understand how its business model works, so the firm managed to take advantage of a lot of young people,’ says Ms Edith Yeung, a general partner at venture capital firm Race Capital.”

    1. And I have no idea why anyone would need an “app” to pay your fooken rent.

      It is surprising how many young people don’t have a checkbook. They have a checking account, but use their debit card to access it. Many have never written a check in their lives.

      1. It is surprising how many young people don’t have a checkbook.

        I used to be surprised by that. But it’s probably been 10 years now since I went all online and stopped balancing a checkbook and I totally understand why they don’t bother. You can set up the billpay to where you never have to write a check again. And that once a year (at most) when nothing else will work you just get a cashier’s check or money order if necessary. But most people if you are going to pay them once you’re probably going to pay them more than once so you might as well add them to your online bill pay too. Or they take Venmo or Zelle or Paypal or whatever. There’s always a way to do it with your phone…until there isn’t I suppose.

        1. Three years ago I had to drop the transmission in my RV for rebuild in the mountains of North Carolina. The guy didn’t take credit cards. I had a folded check tucked into my wallet. He called his wife out from the house and we had a cold beer and a chat. After ten minutes the lady told him to take my check.

          1. The guy didn’t take credit cards. I had a folded check tucked into my wallet.

            Point taken. So far when I run into guys like that now (3 years is a while in this case) they always have a card reader somewhere in their truck that they can connect to their phone. If I was in the situation you were talking about my plan would be to get to an ATM or bank branch to get him what he really wants. But yeah, I do have an old checkbook that would still work. I just don’t usually carry it with me when I go anywhere. I’ll have to think about that…

          2. guys like that

            I didn’t ask him why. Could be the fee. Could be he doesn’t like Wall Street period. Could be a debt chasing him. I was really off the beaten path although he had big trucks in his shop, Flat Rock or something like that. His wife scanned the check in with her phone so they weren’t primates.

        2. Or they take Venmo or Zelle or Paypal or whatever.

          Don’t all those services take a cut on the transaction? I used paypal to send some cash to my sister and there was a fee. It’s convenient because she got the cash within minutes, and it was urgent, otherwise I would have mailed her a check,

          1. Don’t all those services take a cut on the transaction?

            Yeah, somebody pays. Sometimes you have control over which side pays the fee.

          3. Zelle does not.

            I think with Zelle you are already paying for it with however your bank makes their money from you.

          4. I used paypal to send some cash to my sister and there was a fee

            You can simply select “gift to a friend” for there to be no fee.

      2. Here here that’s almost me…..brand new TD bank opening in the hood like 15years ago, special free checking $100 min balance for life…… still have it and still have the original starter checks i never used, though i use e-checks when i need to.

  12. $30 doesn’t seem like much – but the percentages are yuuuge.

    These landlords are fooked.

    “Tessa Pang was able to negotiate a rent reduction late last year for her two-bedroom apartment in Paddington. The landlord was willing to drop the rent by $30, bringing the rent down to $470 – less than the $475 the property was advertised for back in 2010.”

  14. Zimbabwe Powell yesterday:

    “Now is not the time to be talking about exit. I think that another lesson of the global financial crisis is be careful, not to exit too early.”

    Powell is tripling and quadrupling down on Bernanke’s failed crackpot economic theories, that you avoid recessions/depressions by destroying a currency and saddling an entire nation and its future generations with unrepayable debt.

    Then we have these idiot politicians making financial decisions when they couldn’t run a lemonade stand for a profit. They have no concept of money.

    Here are some images that show just how much $1 trillion is, and the FED’s balance sheet sits at more than $7 trillion with the US deficit approaching $30 trillion.

    One trillion seconds = 32,000 years

    Think about it – it would take a person 1,120,000 years to count 35 trillion dollars in one dollar bills, or 11,200 years in one hundred dollar bills.

    https://www.visualcapitalist.com/20-trillion-of-u-s-debt-visualized-using-stacks-of-100-bills/

  15. “‘The moratorium is not a solution, it’s just kicking the can down the road,’ said attorney Tristan Pettit. ‘I have clients that are in a lot of trouble. They’re talking about just turning their property over to the bank because they just don’t know what to do.’”

    Bahahahahahaha … so the bank then ends up with the property which they then pass on to their corporate buddies who will eventually rent it out to the very same people who lost it.

    But … but … but, you stammer, the banks will have to take the loss in the shorts. Bahahahaha … Shirley, you jester, the bank will NEVER have to take it in the shorts because we banking folks are a PROTECTED SPECIES whose existence is vital to the survival of the economic ecological environment. At least this is the story that is told and that is sold to a receptive population of totally dumbed-down never-to-be-left-behind ignorant dummies.

    My eternal gratitude, as a banker, forever extends out to our wonderful and marvelous public education system which has made such an easy lifestyle for me and my Wall Street associates possible.

    Bahahahahahahahahahahahahahaha.

  16. Ok – we are near to the end of economic ruin.

    Went to a wealthy suburb a medical appointment.

    Stopped by a very nice strip mall to get a coffee.

    Two (2) stores, small business and independently owned, were going out of business. On the windows of both stores were heart felt message from the owner to customers and flowers/card/posters from customers telling them how much they will be missed.

    The chains there – still open.

    The democrat marxists will burn it all down if it mean they get to rule over the ashes.

    1. The chains are bleeding cash and broke too, but they have access to lines of credit the mom and pops can’t get.

      1. Exactly. Except for Amazon I don’t think they are doing well either. It’s all about which side of the too-big-to-fail line you’re on.

        1. A lot of chains were zombies even before the lockdowns.

          It’s funny how underappreciated being highly profitable is these days.

  17. Son of Porkulus

    Their must be companies up the wazoo blowing up Hunter Biden’s phone with Mega Million $ offers and begging him to take a seat on their board of directors.

    Joe Biden Unveils $1.9 Trillion Spending Plan

    by Breitbart
    January 15th 2021, 2:19 am

    Called the “American Rescue Plan,” it would amount to $1.9 trillion in spending

    The proposal includes:

    $350 billion in state and local government aid
    $170 billion for K-12 schools and institutions of higher education
    Direct payments of $1,400 to most Americans, costing around $320 billion according to a Breitbart News’ estimate
    Enhanced unemployment benefits increasing payments by $400 per week through the end of September
    $50 billion for Covid-19 testing
    $20 billion toward a national vaccine program
    Raising the Child Tax Credit to $3,000 per child and making it fully refundable for 2021

    The non-spending proposals include:

    Hiking the federal minimum wage to $15 per hour
    Extending the eviction and foreclosure moratoriums until the end of September
    Extended family leave

      1. The governor released his plans to eventually reduce emissions in the state by 90%. Environmentalists complained that the plan is too vague and isn’t aggressive enough. I suppose I should start looking into solar panels, to deal with the inevitable rolling black outs that will be coming.

        Do these “environmentalists” have a plan to replace all the gas furnaces and how they will generate the electrical power to heat homes? Or where the power for charging all those electric cars will come from? Of course not. Their job is to demand solutions, not provide solutions.

        1. Environmentalists, especially in California, are rich enough to live within 10 miles of the coast, where you have a natural air conditioner all year round, seldom going above 80F.

          The poors inland and central valley better get used to sweating.

          1. “The poors inland and central valley better get used to sweating.”

            I rented an old post war 3/1 stucco house, and most of the foliage died during the drought so there was zero shade. The sun would broil that west facing wall of stucco until the inside of the place was nearly uninhabitable such that we would try to sleep with no covers, all the windows wide open and a water bottle on the night stand.

        2. The money. Jeff’s post was about the money.

          Do you have any idea how much retrofitting every commercial and public building is gonna cost? Not that it’s even remotely feasible, but if they want to pay me do it and pretend it’s “making a difference” I will take their money.

          BTW I’ve been inside that fancy NREL building in Golden that at the time of its construction was supposedly the most energy efficient building in the country. It’s really dim, and cold in there.

          1. BTW I’ve been inside that fancy NREL building in Golden that at the time of its construction was supposedly the most energy efficient building in the country. It’s really dim, and cold in there.

            I’ve been in that building in the Summer. It was very much on the “warm side”. Also, very dark. I wouldn’t want to work in there.

            The fraud and grifting is going to be phenomenal. At some point I expect they will declare victory in saving the world and it will be business as usual.

          2. “…that fancy NREL building in Golden…”

            Is that the renewable energy place that employs fake environmentalist vegans riding segway scooters?

    2. I dont see how the $15/hour minimum wage is going to work – thats more than double the current rate! Absolutely kill off whats left of small business. I guess this paves the way for the masses to embrace UBI and destroy the dollar and the country.

      1. Absolutely kill off whats left of small business.

        By now it is obvious that is the master plan. That said, here in the Centennial State it’s already $12+. But in other parts it will double payroll. Some businesses will cope by laying off and the owners putting in double shifts. The chains will invest more in automation.

        I guess this paves the way for the masses to embrace UBI

        Part two of the plan. Can’t wait for the 20% VAT that will finance it.

        1. ‘Can’t wait for the 20% VAT that will finance it.’

          I figure it will happen. I have been saving into a Roth IRA for over a decade. It seems my luck that the day I can start taking out the proceeds tax-free , anything I want to buy will have a national sales tax added.

      1. I live in California, but I didn’t want bail outs for this corrupted state. It’s all so predictable what that Den of Sin in Washington DC is going to do.

        All systems of corruption using tax dollars to loot, when nothing is done as evidenced by the Cities are shitholes.
        The Government with their Globalist and Foreign enemy money bribers have insured their SWAMP rule where they are actually against American Citizens.
        How can anyone think this isn’t a takeover by any means by these forces that actually want to harm Americans Citizens.
        Fake news, false flags, Russian Hoax, fake impeachments, censorship of news, fake condemning of over half the Country , etc.
        They managed to divert from election steal talk in Congress to the condemning of Voters who were criminally deprived of a free and fair election.
        See how they changed to Trump Voters are racist who need to go to camps.

        1. I didn’t want bail outs for this corrupted state

          I didn’t want them for NY either. I guess we’ll just keep the pedal to the metal until we hit the rock wall.

    1. And equally fearful of the 80 million people ready to take over the GOP and make it their own.

      The dumb fux…. The whole lot of them.

      1. The dumb fux…. The whole lot of them.

        With a few exceptions (and I don’t mean “my guy”), that’s correct. One of the only good things about the last year is that it’s made that much more clear to most people.

    3. I have yet to see any GOPe member of congress do a Maxine Waters like call to “get into their face” that is so common on the left. Has anyone in the RNC demanded that leftists be imprisoned in re-education camps?

      1. Let’s just add this to the long train:

        “But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.”

    4. They’ve really got it in for Lauren Boebert i.e. the AntiAOC.

      She spoke on the House floor, on the record, objecting to Arizona’s electors, before the greatly exaggerated LARP-fest kicked off and all subsequent objections were disallowed. And they hate hate hate her for it.

      1. These sorry looking protesters don’t look like they could get paid for anything else.

        What Western Colorado Has To Say About Lauren Boebert’s Fiery Debut In The National Spotlight

        By Stina Sieg
        January 15, 2021

        In addition to this Grand Junction protest, the anti-Boebert group Rural Colorado United also organized demonstrations in Durango and Pueblo.

        https://www.cpr.org/2021/01/15/what-western-colorado-has-to-say-about-lauren-boeberts-fiery-debut-in-the-national-spotlight/

        1. Colorado is likely to get another Congressional seat before the 2022 election. Considering this is a state under one party rule, I am fully expecting she will get gerrymandered into a competitive primary and general race.

          With millions and millions of dollars from Dumver (outside her district) and from the globalist tapeworms on the coasts.

    5. The Democrats serve only their globalist bankrollers. That by definition means they’re screwing over the 99%. They got a taste of the blowback on January 6th.

    6. Note it doesnt say Republican colleagues, just colleagues so I’m going to go with this probably being correct. The same people that offed seth rich, vince foster, epstein and a host of others are looking to close the ranks.

      Let the games begin!

  23. Dude on News Max (my new background noise teevee channel) just said…

    It’s time for AOC to go back to school because it’s become painfully

    “AOC needs to go back to school or at least checkout an episode or two of Schoolhouse Rock, because her most recent comments have made it painfully clear she has no idea what the Constitution says.”

    2. If she had lost her 2018 primary race, today she’d be just another unemployed bartender trying to sell nudes on her OnlyFans page.

  25. The economy has been tanked, small business has been crushed, the election laws have been changed, the fraudulent mail in ballots have been counted (several times), Joe Biden is about to be installed and now…

    Lightfoot wants to reopen bars and restaurants as soon as possible

    1 day ago

    Mayor Lori Lightfoot said Thursday she’s seeking to reopen Chicago’s bars and restaurants for indoor service as soon as possible.

    https://chicago.suntimes.com/city-hall/2021/1/14/22231116/chicago-restaurants-bars-indoor-dining-mayor-lightfoot-coronavirus-covid-19-vaccinations

    Lightfoot Confirms In-Person Learning Will Resume Monday For Some CPS Students

    Published January 8, 2021 • Updated on January 8, 2021 at 4:01 pm

    https://www.nbcchicago.com/news/local/watch-live-lightfoot-chicago-public-schools-to-update-on-reopening-plan/2411399/

    ‘We Simply Cannot Stay Closed’: Vaccinations, Boosting Economy Top Cuomo 2021 Agenda

    By Marina Villeneuve • Published January 11, 2021 • Updated on January 11, 2021 at 2:30 pm

    https://www.nbcnewyork.com/news/local/we-simply-cannot-stay-closed-vaccinations-boosting-economy-top-cuomo-2021-agenda/2824237/

    1. Lightfoot wants to reopen bars

      Oh. We were told it would be better for us to all die slowly than for one of us to die all of a sudden. Suddenly the music is changing rapidly. Coincidence?

      1. Coincidence?

        Friday afternoon, Jan 22nd, I expect a Biden covid-19 policy shift due to recent discoveries and new data that says we’re winning the battle.

        1. And world wide case numbers will drop miraculously. Reporters will report giddily that ICU’s are practically empty.

          1. “Reporters will report giddily that ICU’s are practically empty.”

            Almost 5 years ago I went to the walk in clinic in Tequesta with what I thought was pneumonia, they took my vitals and said they would be right back, 8 minutes later I’m looking at the Tequesta Fire Dept, paramedics and they are wanting to put me on a stretcher. I knew one of them who was also a Fire Marshall inspector from a school we had done in Tequesta and I talked him out of it. Then along with at that time my pissed off wife, I drove my what turned out to be my blue @ss to Jupiter Hospital.

            Although it’s too late to make a long story short, I was in an emergency room bed for 2 days because there were no ICU beds available. There are never more than 2 ICU beds available at Jupiter Hospital evidently because ICU beds, nurses etc. are very expensive.

            Listening to the real journalists, you would think during normal times or before the corona “pandemic” every hospital always has 100 ICU beds open all the time, when it has been my experience that that is just not the case.

          2. My wife and I have lived in several small towns, and the local medical services usually have a helicopter landing pad for the serious cases. We buy an annual insurance policy specifically for the helicopter service, which while helpful is also very expensive.

    2. Mayor Lori Lightfoot said Thursday she’s seeking to reopen Chicago’s bars and restaurants for indoor service as soon as possible.

      That might be hard to do since so many have already folded. Not to mention that many former customers have been unemployed for months and are too broke to go out to eat. Maybe Uncle Joe can send everyone restaurant vouchers as part of his stimulus plan.

  26. Minds next? Google sends ‘24 hour warning’ to free-speech ‘anti-Facebook’ platform, forces changes to app

    16 Jan, 2021 01:00 / Updated 8 hours ago

    The social media platform Minds had to remove ‘major functionality’ from its Android app after getting a chilling warning from Google. Its co-founder said plans for a censorship-resistant infrastructure are in the works.

    In a post on Friday evening, Bill Ottman said that Minds had received a “24 hour warning” from the Google Play store. This forced them to submit an updated version of the app, based on “interim solution and ninja developers,” which removed the search, discovery and comments functionality.

    https://www.rt.com/usa/512709-minds-warning-parler-censorship/amp/

          1. I hope it doesn’t happen, but I’m expecting a total takeover of the Media, with one false narrative with no dispute thats censored.
            It’s really already happening.

        3. Every morning I wonder if this and other blogs like it will still be up and running.

          You can run this off a machine from your house if necessary. The risks are needing an ISP that won’t bend to pressure and being able to withstand serious hacking attempts as well as massive spam-as-a-DOS attack. The easiest way to take the HBB down for comments would just be to submit a few million comments a day in a way from random IP addresses. I don’t know any way to 100% handle that except turn off comments and make the blog read only to everyone without physical access to the host.

          1. The easiest way to take the HBB down for comments would just be to submit a few million comments a day in a way from random IP addresses

            Don’t go giving them ideas, Carl!

          2. Don’t go giving them ideas, Carl!

            Maybe that could be gotten around by whitelisting known good commenters using some kind of identity check and rejecting everything else? But then you have to deal with DOS attacks against the identity checker…but if that was at a location known only to the known good commenters…maybe it could work. If I were trying to solve such a problem I might go to an email based system and just display the results of the email conversations publicly and deal with the attacks at the email level. I think about these things because I have a feeling I may need to do them someday.

          3. I think about these things because I have a feeling I may need to do them someday

            I’ve been thinking about them as well. Thinking back to BBS’es and how they’d have discussion forums that stayed in sync with other forums, or games were played with/against other forums.

            Been thinking about how the internet may fundamentally change things vs dialing direct/point-to-point to exchange packets. Wondering if there’s a low-tech solution out there from our past we should dust off…

      2. this is what it feels like

        No. It’s just a wakeup call. We have to put in some effort and willingly accept some inconvenience. Freedom isn’t cheap. Those “Tech” giants are getting too full of themselves and have to go.

        1. BlueSkye,
          It’s about big Monopolies taking over the World . They already got to Washington DC. They are in bed with the Commies and Communist China.
          These forces share in common the desire to undo America , and anything it ever stood for.

          1. It’s about you and I increasing our independence and exercising our freedoms. “They” can only do what you are complaining about if you are complacent.

  27. “House prices in Spain fell 5.7% in November compared to the previous year”

    This couldn’t possibly be the same Spain that experienced a massive housing bubble, and subsequent collapse back around 2006 could it? A collapse so epic it was even highlighted in an episode of Top Gear running supercars in a completely brand new yet vacant housing area?

    1. IIRC, in that episode, rather than stay in a hotel, they squatted in an empty flat. And the used the runway of a brand new but closed airport for drag races.

      1. BlueSkye,
        Well, I agree that US Citzens need to combat this, but my question is how at this point. I’m trying to avoid the idea of Civil War or violence.
        I think they are trying to spawn race wars, and Civil War if you look at the current narratives.

        1. I think they are trying to spawn race wars, and Civil War

          I think so too. And when the media is on your side you can blame it on anyone you want and nobody can prove you wrong in public.

  28. ‘Q-Anon’ Bears Striking Resemblance to Bolshevik Psy-Op From 1920s Known As ‘Operation Trust’

    Chris Menahan
    InformationLiberation
    Jan. 15, 2021

    “Operation Trust” was a Bolshevik counterintelligence operation run from 1921 to 1926 aimed at neutralizing opposition by creating the false impression that a powerful group of military leaders had organized to stop the communists’ takeover.

    Here’s an except on the “Trust” operation from pages 13-14 of Soviet defector Anatoliy Golitsyn’s book, “New Lies for Old”:

    https://www.informationliberation.com/?id=62008

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