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Now This Illusion Is Faltering

It’s Friday desk clearing time for this blogger. “Sidney Kimmel just sold his lavish Manhattan condo for about $20 million. Kimmel was original asking $39.5 million for the home in December 2018. Kimmel and his wife bought the apartment in 2001 for $22.3 million, and commissioned architect Thierry Despont to redesign the space.”

“Someone took a big bite out of the Big Apple. Commercial real estate prices in New York’s Manhattan suffered the steepest decline of any city in the country, according to the Real Deal. ‘Nobody wants to take a loss on what is expected to be a temporary dislocation to income from the Covid-19 economic disruptions,’ RCA senior vice president Jim Costello is quoted in the Real Deal. ‘Borrowers and lenders will continue to paper over problems in line with this optimism. Still, even with anticipation of a temporary dislocation, some investors and lenders will not be able to hold on even with the finish line for the pandemic in sight.'”

“A ranking for national real estate investors’ interest in developing in Portland has seen a dramatic downturn in recent years, and plummeting particularly in the last year. ‘Before the pandemic, we had too many office buildings and too many apartments in the central city already,’ said Chris Nelson a volunteer District Council Chair in Portland for ULI. ‘It got too popular in some ways and I think got somewhat overbuilt before the pandemic hit. So now you have the confluence of a more challenging economic environment for real estate investment, and then boom, the pandemic hits, and it makes it even more difficult.'”

“Denver-based private investment firm Platform Capital has filed a $37M foreclosure lawsuit against the owner of a historic downtown Miami building that houses a WeWork office. The South Florida Business Journal reported that the mortgage on the Security Building was issued for $38M in 2016. The complaint alleges that Security Building AR Owner missed loan payments starting in April 2020 and failed to deposit revenue into a clearing account and give the lender up to $500K from any potential sale of the building as agreed. A potential buyer had paid a $5M deposit in 2019. Though that deal was terminated, the lender claims it is owed $500K from the deposit.”

“According to Apartmentguide, rent prices for some of Denver’s most expensive neighborhoods are decreasing. ‘In one neighborhood on the list of the 10 most expensive places to live, prices have dropped significantly, about 20%, over the past year,’ said Brian Carberry, senior managing editor for Apartmentguide. That neighborhood is City Park West.”

“The Hat Mansion is turning into a Rorschach test for Manteca. The Mansion so-named as it was the dream creation of grape broker Michael Hat is a community issue today because Richland Communities wants to develop the 184-acre vineyard ‘estate’ into housing. But the real question may be what happens if someone buys the mansion, the homes are all built, Richland walks away, and then whoever owns it goes belly up and the mansion goes into foreclosure.”

“Recall the viscous howling by those owning nearby 2,800-square-foot homes on 7,000 plus square foot lots when Richland proposed placing more affordable housing next door that was half the size of theirs on lots that were half the size as well. The bottom line is 1313 Overbuilt Way in a Manteca subdivision tract is not where people that can handle mortgage payments 10 times the size of a typical McMansion will consider when they are looking for a home.”

“So what happens if the mansion five years after everything is built goes into foreclosure? If you recall the salad days of the mortgage crisis/Great Recession foreclosed houses in Manteca became party houses for teens, flophouses for druggies, havens for the homeless, and were trashed to the point they looked like inner city drug houses. For those who live in nearby neighborhood and are pulling to keep the mansion in place, remember those squatters will have to pass through your neighborhoods to get there.”

“The number of condominiums put up for rent in Toronto more than doubled in the fourth quarter compared with a year earlier, a sign of a growing exodus of people from the city’s downtown. The 132 per cent surge in supply sent rents tumbling in Canada’s financial capital, one of the country’s priciest cities for housing. The average rent for a one-bedroom condo fell almost 17 per cent from a year earlier to $1,845 (US$1,453), while costs for a two-bedroom unit dropped about 15 per cent to $2,453, according to the Toronto Regional Real Estate Board.”

“‘Growth in the number of available units far outstripped growth in rental transactions,’ said Lisa Patel, president of the TRREB. ‘The result was much more choice and negotiating power for renters and a downward adjustment in average rents.'”

“The traditionally buoyant London rental market has taken a hit — with the damage most readily apparent at the top. And the consequences for the city’s renters, landlords and home owners will be felt for quite some time yet. One key factor behind the ailing rental market is the exodus of people leaving London, equivalent to around one in 12 leaving the city.”

“So landlords aren’t faring well. Skinny rental yields, across price points, have long been a feature in London — they’re lower here than in any other part of the country. Rental properties have often been held as more of a trophy asset, with owners comforted by the perception of liquidity and endless international demand pushing up the value of the real-estate. Now this illusion is faltering.”

“The short-term rental market in Dublin’s docklands has ‘collapsed,’ with couples shunning one-bed apartments with too little space to work remotely, according to a report. Rents have fallen on average 13 per cent in the docklands since March, and by even more at the upper end of the market. While the demand for short-term rentals fell, the report noted that the supply of long-term rental units more than doubled. ‘This, combined with reduced demand due to lockdown measures and work from home initiatives, caused rents to fall steeply in the second and third quarters,’ it said.”

“Housing loans in Dubai surged in 2020 compared to a year earlier, as buyers took advantage of falling real-estate prices and lower upfront costs, according to an industry source. ‘People who had no problems with salary were finding themselves in a position to buy, and with property prices being as low as they were in 2008, they were making the first step onto the property ladder,’ wrote Stuart Roe, the head of mortgages at real-estate firm Allsopp & Allsopp.”

“The number of high-end apartments remaining unsold in HCMC soared by 74 percent year-on-year in the last quarter of 2020 as demand slumped. Only 5,007 were sold in the quarter, according to CBRE. Nearly 6,700 units at six projects had entered the market in the period. Overall new apartment supply topped 17,200 units. The high-end segment, with prices of $2,000-4,000 per square meter, accounted for 76 percent of the country’s total apartment supply.”

“According to the Ho Chi Minh City Real Estate Association (HoREA), the oversupply of high-end apartments is causing concern by making the real estate market unsustainable. Over 60 percent of high-end apartments are bought by speculators, which is threatening the sustainable development of the housing market, HoREA said.”

“Just about every review of growth in China — of steel prices or of iron ore demand — contains reference to China’s property market. Few countries in the world have a property sector that plays such a large and dynamic role in the country’s GDP. Furthermore, few have one that causes such concern among a minority of economists that obsess over the risks the sector poses. So, a detailed analysis in The Economist is a welcome insight into the scale and scope of the market that underlines why it is such a significant driver of not just GDP but raw material prices and seaborne trade.”

“To cite The Economist, every year China starts building about 15 million new homes. That’s more than quintuple the number in America and Europe combined. Chinese real-estate developers are on the hook for more than $100 billion in bond repayments during 2021 alone, according to Moody’s. For the world as a whole, roughly one-tenth of outstanding bank loans to non-financial clients has gone to China’s property sector, whether as financing for developers or mortgages for homebuyers.”

“Yet away from the prime spots there is plenty of housing, fully one fifth of which is vacant, The Economist reports.”

This Post Has 90 Comments
  1. ‘about $20 million…bought the apartment in 2001 for $22.3 million’

    So 20 years of double bubble gone poof.

  2. ‘prices have dropped significantly, about 20%, over the past year’

    As I’ve mentioned, when these reports of the “most expensive” rents crater, the media never asks, how many operators can take that? None. This is a full fledged collapse.

  3. ‘The bottom line is 1313 Overbuilt Way in a Manteca subdivision tract is not where people that can handle mortgage payments 10 times the size of a typical McMansion’

    Overbuilt Way. At least somebody had a sense of humor.

    1. The older duramax was giving me trouble. Belching black soot, ran like a lame, down crippled dog.. Even after fresh injectors and injection pump she was still sick.

      I put a quart of Trump oil in her and she runs like a top.

      Just saying.

  4. ‘Skinny rental yields, across price points, have long been a feature in London — they’re lower here than in any other part of the country. Rental properties have often been held as more of a trophy asset, with owners comforted by the perception of liquidity and endless international demand pushing up the value of the real-estate. Now this illusion is faltering’

    That’s the thing about illusions, isn’t it?

    ‘owners comforted by the perception of liquidity and endless international demand pushing up the value’

    Yeah, I wonder where they got that idea Bloomberg? London has been sinking like a turd in a well for over 6 years.

    1. If I were a foreign tycoon, I would rather buy a manor in the countryside vs. buying a townhouse or luxury flat in “vibrant” London.

      Of course, given that all of the UK is locked down as tight as a safe deposit box, I wouldn’t see a point in buying either. If I were to buy anything, I might go the private island route.

  5. ‘A potential buyer had paid a $5M deposit in 2019. Though that deal was terminated, the lender claims it is owed $500K from the deposit’

    Welcome to South Florida.

  6. ‘For the world as a whole, roughly one-tenth of outstanding bank loans to non-financial clients has gone to China’s property sector, whether as financing for developers or mortgages for homebuyers’

    Is that a lot?

    ‘Yet away from the prime spots there is plenty of housing, fully one fifth of which is vacant’

    Way back last decade, it was widely reported 90% China’s population owned at least one shack or airbox. They haven’t needed any construction since. As the article says, population is shrinking. This isn’t even counting the millions of empty, useless shacks they bought around the world.

    1. Is that a lot?

      Well, there are well over a billion people in China, and considering that there are billions in the 3rd world who don’t have mortgages, the Chinese percentage number is probably not surprising, and is likely to continue to grow.

      It will be interesting when China’s demographic pyramid is fully upside down. Couples could end up inheriting both their parents homes, and find there are no potential buyers for them. Of course by then those vacated homes might be uninhabitable and ready for the wrecking ball.

      1. actually even worse. There has been a trend (now being clamped down) of some Chinese couple divorcing (in name only) to be able to buy multiple homes. What happens when/if they cant sell the 2nd house

        In major cities across the country last month, thousands of couples rushed to their local divorce registry office to dissolve their marriages in order to benefit from fast-expiring tax breaks on property investments for unmarried individuals. Local media reported long waits at registries in Beijing, Shanghai, Guangzhou and elsewhere as savvy investors sought to buy or sell a second home before the government introduced strict new regulations that would force married homeowners to pay hefty taxes on the sale of second properties.

        The new regulations are designed to cool speculation in China’s feverish property market and are part of a package of measures that would require couples to pay up to 20% capital gains tax on the sale of second homes. But for determined investors, nothing gets in the way of a good bargain, and some quickly noticed that the 20% impost didn’t apply if the second home was bought before the couple were married — or after they got divorced.

  7. ‘Nobody wants to take a loss on what is expected to be a temporary dislocation to income…Borrowers and lenders will continue to paper over problems’

    No kidding. Wa happened to all those inventory loans?

    1. Haha. A lot of gamblers in here, huh? You guys buying Gamestop? This whole house of cards is about to fold. Shoeshine boy moments everywhere. I just saw a quote from a Hispanic restaurant worker who made $67,000 off his $4,000 bet.

      1. The waffling beanie boy is churning out several videos a day on this remarkable phenomenon. The dry food sales people are raving too.

          1. “waffling beanie boy”

            Not a stock guy, while talking about stocks.

            Believed election was stolen, until instructed not to.

            Supported DJT, until he didn’t

            I will give him credit for prepping to migrate to his own platform. He knows YouTube will only continue scraping his crumbs from the table, until they don’t.

        1. Tim Pool? Yeah, he’s very much raving over it. Can we blame him? He cut his teeth on Occupy Wall Street, which IMO was a legit protest which, as usual, was taken over by anarchist hippies. Pool’s several videos a day are just excerpts from his evening IRL webcast.

      2. Gracious rip, I only logged on to Fidelity to make sure the website was still up. No, I’m not gambling on any of this. And all those common people who “made” millions on Gamestop only make millions if they sell the stock into dollars. Or, more accurately, if they sell the stock into dollars and then sell the dollars into gold. The dollar is poised to take a dive too, by the end of the year.

  8. While the overall market hasn’t shown any big moves yet, it seems like isolated corners of the market are taking some arse poundings.

  9. New vaccine results are in:

    Johnson & Johnson. ONE shot, DNA-adenovirus based, multinational study, results are for symptoms
    ~66% effective against moderate-severe symptoms
    ~85% effective against severe symptoms
    “complete protection” against death. Is that 100%? 🤨
    ~57% effective against moderate/severe symptoms in South African variant
    Will apply for FDA EUA, still testing a two-shot regimen, working on a South African booster.

    Novavex, TWO shots, protein in nanoparticle, UK/South African trials. Results are for symptoms.
    Based in Gaithersburg, MD (REPRESENT!! 💪 )
    85% effective in the UK
    60% effective against South African variant (47% against HIV patients)
    Applying for UK authorization
    Phase 3 trials underway in US and Mexico.

    1. You mean Johnson and Johnson, the makers of talcum powder that gave women ovarian cancer, that Johnson and Johnson?

      Be sure to get first in line for your jab, r-tard. If these so called vaccines wipe out the brain washed fools it will be a good thing IMO. Most are just useless NPCs apparently.

      1. Sometimes I wonder why I bother. It took me a while to put that post together. I suppose nobody will care that the South African variant is so contagious that is has now dominated COVID in that country, at 90% prevalence. Or that recovering from COVID naturally provides only ~50% protection against reinfection from the South African variant.

        And no, it’s not “that” J&J. It’s actually Janssen, the Belgian arm of J&J.

          1. Who do you think employs the most patent attorneys in-house or via law firms? Pharma. Novel, patented drugs/therapies/vaccines are big $$$$$.

        1. It took me a while to put that post together. I suppose nobody will care that the South African variant is so contagious that is has now dominated COVID in that country I for one appreciated your post. My Boston brother just reported to me that a couple of contractors on a big home interior upgrade project he’s part of have pulled out their entire crews, because multiple members recently turned + for COVID. Project is about to grind to a halt with loss of so many key workers. He’s worked other projects since the pandemic started & this is the first time so many have been out with COVID at the same time. This suggests to me a more infectious virus is rolling through the Boston area. Just MHO.

        2. I am greatful for all your covid information. Thank you for taking the time to the do in-depth research many of us will not do, and thank you for then spending even more time typing it up to share. I’ve learned a lot from your covid and vaccine posts, and feel better-armed with information because of them. Covid and vaccine issues could turn very serious very quickly, so I like to think your posts over this pandemic might help us all if we should ever need to make a quick covid or vaccine decision.

          Aside from Ben of course (who is the ultimate HBB lifetime hall of famer), you deserve HBB MVP of the Year for your posts on the pandemic.

          1. What have I done to be picked on so relentlessly?

            Remember, in school there was always a kid who was picked upon?

          2. Very well 😎

            Janssen (subsidiary of Johnson & Johnson) trial vaccine to protect against symptoms of COVID-19. One (1) injection, DNA-adenovirus based formulation, multinational study, results are for symptoms

            Approximately sixty-six (66) percent effective against moderate-severe symptoms of COVID-19.
            Approximately eighty-five (85) percent effective against severe symptoms of COVID-19
            “[C]omplete protection” against death from scurvy, dropsy, and pleurisy
            Approximately fifty-seven (57) percent effective against moderate/severe symptoms of the South African genetic variant of COVID-19

            Janssen will apply for an emergency use authorization for this vaccine from the United Stated Food and Drug Administration.
            In parallel, Janssen is conducting trials for a two (2)-injection dose regime of the vaccine to protect against symptoms of COVID-19.

            Hope that clears things up for you. 😘

  10. I find this interesting, considering that there are about 800,000 square feet available at the old Hewlett Packard campus in Loveland.

    https://www.reporterherald.com/2021/01/28/mcwhinney-starts-construction-on-68600-square-foot-spec-building-in-johnstown/

    Yeah, our good friend Chad McWhinney, is building again. I suppose that being right next to I-25 is an advantage. But I just don’t see the need for it. McWhinney is clever, as he always arranges for someone else to hold the bag, as he did with the nearby Promenades at Centerra, which is full of empty storefronts and is in default.

  11. Evidently they don’t even bother hiding it in Canada.

    A threat to Canadian sovereignty

    91,588 views•
    Mar 20, 2018

    Rosa Koire, author of “Behind the Green Mask: UN Agenda 21” joins to explain why Agenda 21 poses a real threat to our rights and freedoms, and should not be brushed off.

    685 Comments

    ZeroBoostBuick

    1 year ago
    It’s very easy to fool people, but not so easy to make them realize they been fooled.

    https://youtu.be/_i-iW5In_zM

  12. ““Yet away from the prime spots there is plenty of housing, fully one fifth of which is vacant, The Economist reports.””

    In China, even prime spots have tons of apartment units left empty. It’s risky to engage in the rental market, because of that pesky rule of law thing, so hoarding property has been the smart play, at least for the past few decades.

  13. Case Shiller – do we believe that the following is accurate? Or is it just skewed by the late buying cycle in 2020. It is not clear who is buying in these 20 cities

    Prices nationally rose 9.5% in November from the year before, according to the S&P CoreLogic Case-Shiller Home Price Indices.
    The 20-city composite showed a 9.1% year-over-year gain, up from 8% in the previous month.

    https://www.cnbc.com/2021/01/26/november-home-prices-rose-9point5percent-one-of-the-highest-gains-on-record-case-shiller-says.html

    1. meant to include this from the article.

      “Recent data are consistent with the view that COVID has encouraged potential buyers to move from urban apartments to suburban homes,” said Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indices. “This may represent a true secular shift in housing demand, or may simply represent an acceleration of moves that would have taken place over the next several years anyway. Future data will be required to address that question.”

      Prices were fueled not just by supply and demand, but by record-low mortgage rates. The average rate on the popular 30-year fixed mortgage, which started November already low, fell further throughout the month, hitting a low of 2.79% by Dec. 1, according to Mortgage News Daily.

      1. Recent data are consistent with the view that COVID has encouraged potential buyers to move from urban apartments to suburban homes

        I think it had far more to do with Burn, Loot, Murder; which I believe might be back for an encore this summer. Unless Corporate America throws more money at BLM, with the understanding that there should be no more riots, even if a cop shoots a black dude.

        1. Portland: “So now you have the confluence of a more challenging economic environment for real estate investment, and then boom, the pandemic hits, and it makes it even more difficult.’”
          All those bad things and I for some reason I keep thinking there maybe one other thing that is keeping people from moving to downtown Portland. Damn, what is it…. Just drawing a blank on that…hmmm

          1. Coming soon to a downtown near you.

            Funny, we once speculated here that the Free Sh!t Army would be housed in the suburbs while the productive would live in the big cities.

    2. I’m somewhat skeptical. Yes, CS has real data, but, again it’s lagging data, so it doesn’t always reflect the present.

      And, yes, I can believe that certain cities (think Reno) could be seeing rising prices from an influx of WFH professionals. But I’m skeptical about any impact in SF, etc – I’ve been following southern East Bay “low end” (ha, <$750K) prices, and I'm not seeing anything crazy – OTOH, I've seen a couple "fixer-uppers" for well below the "Redfin" price – and plenty of houses taking weeks to sell.

  14. Worried about a 10% stock market drop?

    No need to! Would be a great dips buying opportunity before the next rally to ever loftier evaluations!

  15. The sea was angry today my friends, like George Stephanopoulos last week on ABC’s “This Week” when he couldn’t get Rand Paul to say this election was not stolen.

    Sen. Paul clashes with George Stephanopoulos over 2020 election results

    By Mark Moore
    January 24, 2021

    The tense interview on “This Week” started out with Stephanopoulos asking Paul if he accepts that the election was “not stolen.”

    “What I would say is that the debate over whether or not there was fraud should occur, we never had any presentation in court where we actually looked at the evidence. Most of the cases were thrown out for lack of standing, which is a procedural way of not actually hearing the question,” the Kentucky lawmaker responded, adding that he thinks some of the cases may “work their way up to the Supreme Court.”

    Paul went on to question whether people voted twice, or dead people or illegal aliens voted, saying “we should get to the bottom of it.”

    “I have to stop you there. No election is perfect. But there were 86 challenges filed by President Trump and his allies in court, all were dismissed. Every state certified the results,” Stephanopoulos said.

    After some back and forth between the two men, Stephanopoulos pointed out that former Attorney General Bill Barr said there was no “evidence of widespread fraud” and asked: “Can’t you just say the words, this election was not stolen?”

    “What I would suggest is that if we want greater confidence in our elections, and 75 percent of Republicans agree with me, is that we do need to look at election integrity and we need to see if we can restore confidence in the elections,” the senator said.

    Stephanopoulos countered that the reason 75 percent of Republicans agree is because they were “fed a big lie” by the president that the election was stolen.

    “George, where you make a mistake is that people coming from the liberal side like you, you immediately say everything’s a lie instead of saying there are two sides to everything,” Paul said, adding that the ABC News anchor was trying to be “absolute” without hearing opinions from the other side.

    “But you say it’s all lies,” Paul said.

    “You said something that was not true,” Stephanopoulos said.

    “You say we’re all liars. You just simply say we’re all liars,” Paul continued.

    “I said it was a lie — that the election was stolen,” Stephanopoulos replied.

    https://nypost.com/2021/01/24/sen-paul-clashes-with-george-stephanopoulos-over-election/

    1. Today is Friday, January 29th and Joe Biden was not elected as the President of the United States.

    2. “What I would suggest is that if we want greater confidence in our elections, and 75 percent of Republicans agree with me, is that we do need to look at election integrity and we need to see if we can restore confidence in the elections,”

      How can anyone disagree with this, after what we collectively witnessed over the last three months?

  16. A member of the Norwegian Parliament nominated Black Lives Matter for the 2021 Nobel Peace Prize.

    He lauded the movement for its calls for systemic change during summer 2020.

      1. I feel sorry for writers at the Onion and the Babylon Bee. Clown World is moving forward so quickly that they’re getting left behind.

    1. A member of the Norwegian Parliament

      From what I have read, Norway is about 10% non European, and that number is growing by leaps and bounds.

      I wonder if the Norwegian version of the BBC produces movies where historical Norwegian figures and folk heroes are portrayed by black actors.

  17. It ain’t no fun when the rabbit got the gun

    Short-sellers are nursing estimated losses of $19 billion in 2021 after betting on GameStop’s stock to plunge

    Harry Robertson
    Jan. 29, 2021, 05:15 PM

    Hedge funds and other institutions shorting GameStop stock were sitting on losses of about $19 billion as of Friday, new data shared exclusively with Insider indicates.
    Figures from the data provider Ortex suggested that investors who had bet that the share price would fall had been massively squeezed, with losses topping $10 billion on Wednesday alone, when GameStop soared 135%.
    Members of the Reddit forum Wall Street Bets have gone to war with hedge funds such as Melvin Capital this week over the US video-game retailer.
    Forum members banded together to help drive up GameStop stock by more than 1,500% over the past month, with seemingly little business basis.

    https://www.businessinsider.com/short-sellers-sitting-on-19-billion-of-losses-on-gamestop-data-shows-2021-1

  18. I listened to the RadioLab episode called “Million Dollar Second” back in 2013 and I think (though the timeline is a bit fuzzy now) that either caused or reinforced my decision to get out of the stock market altogether. What a bunch of nonsense. I’ve lost a ton of money since as it’s done nothing but go up, like everything else, but I don’t really care.

    I’ve resigned myself to the fact that I probably won’t ever live in a SFH again. I won’t buy or rent one at current prices. I’ve been waiting on the sidelines since 2013. Everything is jacked up.

    1. If you think it’s jacked up now, wouldn’t it make sense to wait another four years to see whether the COVID-19 Unlimited Quantitative Easing bubble has popped and prices have fallen down to earth again? Or do you presume that once trees have grown to the sky, they can only grow higher from there, kind of like the price of bitcoin did last year?

      Just curious…

      PS What kind of mattress works best for storing your money with a War on Savers underway, and traditional safe haven assets, like Treasurys and houses, now behaving like risk assets?

  19. Just in case anyone wondered where Joe Biden was…

    Childhood Memories, 1960’s & 70’s
    https://youtu.be/gy4kIO8eptI?t=171

    when he said this…

    September 12, 2019
    by Colby Itkowitz

    Biden said social workers should be brought into homes to help parents “deal with how to raise their children.” He then said it’s not that some parents don’t want to help, they just don’t know what to do.

    “Play the radio, make sure the television, excuse me, make sure you have a record player on at night,” Biden said, “make sure that kids hear words, a kid coming from a very poor school, or a very poor background, will hear four million fewer words spoken by the time they get there.”

      1. Where do you get one of those? I’ll sell you my 1979 model for a mere $200, if you pay the postage too. No guarantees as to how “good” it is, though.

  20. Are you concerned that the January 2021 stock market swoon may morph into a nasty multimonth correction, as the ravages of COVID-19 on the economy are finally priced into equities?

    Or do you expect insanely overvalued asset prices to continue into the foreseeable future, with a little help from friends at the Fed?

    1. It seems like DJT was quite concerned about keeping stock prices on the up-and-up.

      Do y’all expect this to remain a priority for his successor?

  21. Random question for the hivemind:

    Anyone know a way to find a good local regional bank or credit union? Sites with honest reviews, etc? Sadly the web/search is so commercialized it’s hard to find real feedback/reviews out there.

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