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Many Of Them Are Facing Foreclosure And Have Exhausted Their Savings To Keep Their Investment

A report from the Weatherford Democrat in Texas. “Two vacant homes — abandoned by a builder who went bankrupt — are still standing stagnant inside an East Parker County housing development after more than two years. Serene Country Homes, LLC, abandoned 18 homes in Meadow Place Estates in Willow Park after going bankrupt in 2018. ‘The average of homes sold in 2020 was dragged down by the bankruptcy homes,’ resident KJ Hannah said. ‘There were […] vacant lots left by the Serene bankruptcy and that leaves lots that are muddy, weedy messes tended by the city or the owner every few months.'”

The Real Deal on Illinois. “The Gold Coast has seen some of Chicago’s priciest home sales in recent years. But buyers of big-ticket properties aren’t making much of a dent in the tony neighborhood’s inventory. As of mid-March, 14 homes asking $5 million or more were listed in the area. It would take nearly 12 years to sell those properties based on the current rate of sales, according to Crain’s. But homeowners and brokers in the Gold Coast don’t expect values to fall — though some properties have been sold at a discount.”

“Compass’ Katherine Malkin, who works with high-end properties downtown, told the publication that these homeowners ‘have an asset sitting on the southeast corner of their balance sheet, and they’re not going to accept a loss on it. They’re comfortable holding it until somebody comes along who values it as much as they do.'”

From Arlington Now in Virginia. “There are 91 detached properties available for sale throughout all of Arlington. There are 41 townhome/semi-detached homes. I’m not sure if there will come a time when I tell you that condos don’t account for the lion’s share of our inventory, but for now, there are 297 units to choose from. Currently available properties in Arlington have an average of 67 days on market (DOM) and a median of just 30. These numbers are staying pretty consistent; the average has crept up a couple days for the past few weeks as condos sit on the market.”

“In Arlington, across almost all price points, if the home doesn’t sell in the first two to three weeks, a price reduction may be necessary. Since the market moves daily, newer inventory will come and go while older inventory gets stale. By the time days on market hits the median, the likelihood of getting 99%+ of asking price is substantially diminished.”

From Boston.com in Massachusetts. “Rents in and around Boston are still the highest in the state, but because of the pandemic, it’s far less expensive than it used to be, even in the heart of downtown, according to RentHop. The largest decrease was at Government Center, which saw the median rent dip by a full 25 percent. Near the Park Street and State stops, the median rent went down 24 percent, and the area around the Fenway Park stop saw a 16 percent dip, the report said.”

From San Francisco Weekly in California. “As 2020 wore on and rents kept falling, Ross Matican was able to upgrade to his own studio in Alamo Square, paying ‘waaaaay less’ than he would’ve pre-pandemic. ‘The thought that, at 23, I’d be moving into my own apartment in San Francisco… I never thought that would be a possibility. Not for years and years and years,’ he says.”

“Apartments in SoMa, Potrero Hill, Chinatown, and the Mission — all popular among the city’s tech workers — are now significantly cheaper than they were last winter. The Sunset District saw virtually no change from January 2020 to January 2021, while Rincon Hill’s zip code, right next to the financial district, saw the biggest loss — a 24 percent drop in rents.”

“According to a recent analysis of mail-forwarding data collected by the United States Postal Service, about 80,371 households left the city between March and November of 2021 — a 77 percent increase from the year before.”

From KTNV in Nevada. “The Centers for Disease Control and Prevention extended the temporary ban on evictions for three more months. It’s another big blow for landlords and property managers, some of whom haven’t received a rent check for a full year.”

“13 Action News spoke with Susy Vasquez, the director of the Nevada State Apartment Association, which represents the owners of 140,000 rental units in Nevada. She’s worried this latest extension of the eviction moratorium may mean some smaller landlords won’t survive. ‘It certainly is frustrating, since we continue to kick the can down the road. We are starting to struggle, mom-and-pops for sure. I know many of them are facing foreclosure and that will definitely impact the housing dynamic in Nevada. There’s certainly a high level of frustration right now, especially with my small owners who have exhausted their savings in order to keep their homes as part of their housing investment.'”

From ABC 15 in Arizona. “Courtney Gilstrap LeVinus, CEO of the Arizona Multihousing Association said in a statement to ABC15 that it’s unfair ‘to have property owners alone shoulder the burden of a public health and economic crisis. No other individuals or businesses have been required by government to provide a free service or product for over a year. Today’s extension of the eviction moratorium puts further pressure on property owners, many of whom already are on the brink of foreclosure or bankruptcy.'”

The Seattle Times in Washington. “Landlords aren’t the big bad wolf in every story. Often, they’re small business owners struggling to pay their own bills. These days, many are wondering if the investment is worth the risk. ‘I would say over half my members are asking, ‘Should I sell,’ said Kyle Woodring, government affairs director for the Rental Housing Association of Washington, a Seattle-based association for independent rental owners and managers.”

From Bisnow New York. “A foreclosure sale is hanging over yet another hotel in the city, with an auction now set for a Holiday Inn near LaGuardia Airport. The Roosevelt, the W Hotel Downtown and Maxwell Hotel have closed for good, and many more are likely to join them. Meanwhile, hotel bankruptcies are starting to pick up, including two hoteliers in Brooklyn who have filed in the last few months.”

The Globe and Mail in Canada. “1009 Harwood St., No. 505, Vancouver. Asking price: $799,900. Selling price: $788,000. Previous selling price: $770,000 (April, 2020). Days on market: 2. Taxes: $2,205.95 (2021). Monthly strata fees: $342.26. The seller would have lost money once all the fees were paid, buyer’s agent Ian Watt said. ‘It happens. Real estate isn’t a short game.'”

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This Post Has 93 Comments

  1. Lockdown Lovers image file, I’m Saving The World edition:

    https://ibb.co/8NnDzdT

    Washington Examiner — Rand Paul calls for ‘more resistance’ to ‘nonsense’ coronavirus rules (3/29/2021):

    “Sen. Rand Paul called for “more resistance” to some rules surrounding the coronavirus and lockdowns in order for freedoms to return to everyday life.

    “So we do have to have more resistance. The best resistance I’ve seen is from the restaurant owners. And in my state, they finally stood up to the governor and said, ‘Hell no, we’re not going to listen to you anymore,’” Paul told Lisa Boothe during her podcast The Truth with Lisa Boothe, which aired Monday.

    Paul equated the liberties that have been lost since the virus first took hold to war eras, when “civil liberties are eroded because the government says we need to take these liberties to fight a war.”

    https://www.washingtonexaminer.com/news/rand-paul-calls-more-resistance-nonsense-coronavirus-rules

    Newsweek — Texas COVID Cases Drop to Record Low Nearly Three Weeks After Mask Mandate Lifted (3/29/2021):

    “Coronavirus cases have dropped to a record low in Texas roughly three weeks after the state lifted its mask mandate and reopened businesses.

    “Today the 7-day Covid positivity rate dropped to a new recorded low: 4.95%. Hospitalizations dropped to a 6 month low. This week we have 1 million 1st vaccines available,” Texas Governor Greg Abbott wrote in a tweet on Sunday. “Everyone now qualifies for a shot. They are highly recommended to prevent getting Covid but always voluntary.”

    The 4.95 percent test positivity rate is the lowest the state has seen since the start of the pandemic.”

    https://www.newsweek.com/texas-covid-cases-drop-record-low-nearly-three-weeks-after-mask-mandate-lifted-1579484

  2. ‘abandoned 18 homes in Meadow Place Estates in Willow Park after going bankrupt in 2018’

    I believe this was the ponzi scheme involving Chinese fools.

  3. ‘The seller would have lost money once all the fees were paid, buyer’s agent Ian Watt said. ‘It happens’

    Wa? Well it was cheaper than renting. Plus Ian got paid!

  4. ‘The thought that, at 23, I’d be moving into my own apartment in San Francisco… I never thought that would be a possibility. Not for years and years and years’

    That’s the spirit!

  5. ‘These days, many are wondering if the investment is worth the risk. ‘I would say over half my members are asking, ‘Should I sell’

    Don’t everybody head to the exit at once Kyle.

    1. I am one of those members Ben. I was following you on this blog back in 2005 when I was living in Montreal and I was watching everything that you were posting. Back then the talk was about the ARM resets and studying Robert Schiller‘s graph.
      Well we purchased in 2010 for 215,000 and now I can get 550, 000 We are moving to Aruba anyways with my husband‘s job so we have decided to sell.
      I feel rather guilty thinking about whoever buys this place and what might happen. We live in the West Palm Beach area, people are moving here in droves it’s unbelievable.
      I have people private messaging me asking me if I am going to sell just from our own neighborhood Facebook groups.
      I just wanted to really thank you for everything that I learned from this blog back in those days. You have no idea how you saved me and how you gave me back my dreams of homeownership after I had completely lost it watching Home’s going up 30% year-over-year.

      I learned so much from this blog that I was training it in my corporate training lab ( NCO financial systems) I remember back in those days people thought I had three heads when I talked about what was about to happen in the coastal areas. My husband argued with me and told me that we would never buy a home if I kept wanting to stay in the rentals which we did from 2007 right up until 2010. I fired 13 realtors that were not on board with my knowledge. I started throwing lowball offers out in 08 but it was too soon so we just kept renting. I don’t know if you are aware of how many people you saved from making the biggest financial mistakes of their lives. If we had purchased an 07, I would’ve just been selling it for basically what I paid right now if I had not found you.
      I used to go by Sunkissedbeach
      I couldn’t seem to login with my old information.
      Thank you again I don’t know if you get enough thanks for this blog.

  7. ‘these homeowners ‘have an asset sitting on the southeast corner of their balance sheet, and they’re not going to accept a loss on it. They’re comfortable holding it until somebody comes along who values it as much as they do’

    You hold yer ground Katherine. Don’t give it away.

    2. ‘ they’re not going to accept a loss on it.’ – Karen the Realtor.
      Sounds like a challenge 🙂

  9. famously declaring, “the 9-to-5 workday is dead.

    This is what i’ve been waiting for since high school, the traffic around NYC southern CT and the rush hour traffic jams are minimal so far. Because so many were working 9-5 and there was always a need to time shift work 12-8 to get people on the wet coast 2nd 3rd shifts, …this is one of the great benefits of the last year… i hope it stays this way.

  10. In the middle of various sorts of lockdowns, the market has gone crazy. Highest price growth since 2006 – way to manipulate central banks.


    Home-price growth accelerated to a 15-year high in January, as the supply of homes for sale dropped to a new low.

    The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 11.2% in the year that ended in January, up from a 10.4% annual rate the prior month. January marked the highest annual rate of price growth since February 2006.

    House-buying demand remains robust due to record-low interest rates and a desire for more space. Sales of previously owned homes, which make up the bulk of the housing market, rose in 2020 to their highest annual level since 2006, according to the National Association of Realtors.

    1. Phoenix and Seattle – this really is 2006 🙁

      Phoenix had the fastest home-price growth in the country for the 20th straight month, at 15.8%, followed by Seattle at 14.3%.

      1. followed by Seattle at 14.3%.

        How could Seattle be up any % after last summer’s peaceful protests and the rise in crime/de-fund the police? Who is moving there? Moronic trust fund babies?

        1. Yes First Hill and Downtown (+Belltown) are going lower – especially condos. This is what was impacted by the protests/riots.

          Buyers – especially upper middle class and middle class – somehow compartmentalized this and are buying in ‘trendier’ areas

          These are the slightly outside neighbourhoods Queen Ann Hill, Magnolia, Green Lake etc, where prices are going up significantly. This is not to mention the East side cities of Bellevue and Redmond.

          Of course this makes no sense from a analytical standpoint – but there is the crazyness in King Co.

      4. The Financial Times
        6 hours ago
        US house prices rise at fastest rate since February 2006
        Sarah Provan

        The increase in US house prices in January accelerated at the fastest clip in 15 years amid record low interest rates and a desire for more space as the coronavirus pandemic has kept people at home.

        Demand for houses over the past year has remained robust as a key measure showed prices have risen 11.2 per cent in the 12 months to January, the swiftest pace since February 2006.

        December’s annual figure was 10.4 per cent, according to the S&P CoreLogic Case-Shiller national home price index, which measures average house prices in major metropolitan areas.

        One version of the index tracking home prices in 10 major cities was up 10.9 per cent year-on-year in January, compared with a 9.9 per cent rate in the previous month.

        Phoenix, Seattle and San Diego showed the fastest annual gains among the cities in a broader 20-city index. All 20 cities showed higher price increases, with Phoenix being the most notable with a 15.8 per cent year-on-year increase. The overall measure of 20 cities showed an 11.1 per cent gain.

        The Federal Reserve this month signalled that interest rates will be held close to zero until at least 2024 even as the central bank raised its growth forecasts, buoyed by coronavirus-related fiscal stimulus and a national vaccination programme.

    2. Real Estate
      The housing market stands at a tipping point after a stunningly successful year during the pandemic
      Published Fri, Mar 12 2021 7:00 AM EST
      Updated Fri, Mar 12 2021 3:43 PM EST
      Diana Olick
      Share
      Key Points
      – One year after the Covid-19 crisis shut down and warped so much of American life, things are still unpredictable, but the outlook isn’t bright for housing.
      – In fact, it looks like the perfect storm for a correction.
      – Home prices are overheated, mortgage rates are rising, the supply of homes for sale is anemic and consumer confidence in the housing market is falling.

      A house’s real estate for sale sign is seen in front of a home in Arlington, Virginia, November 19, 2020.

      No one could have predicted it. Not the economists, not the real estate agents, and especially not the nation’s homebuilders. But a pandemic caused an emotional run on housing unlike any other.

      Now, one year after the Covid-19 crisis shut down and warped so much of American life, things are still unpredictable, but the outlook isn’t bright for housing. In fact, it looks like the perfect storm for a correction.

      Home prices are overheated, mortgage rates are rising, the supply of homes for sale is anemic and consumer confidence in the housing market is falling. Pandemic-related mortgage bailouts are set to expire this summer.
      …

  12. “…Compass’ Katherine Malkin…” “…have an asset sitting on the southeast corner of their balance sheet, and they’re not going to accept a loss on it….”

    Might be waiting a long, long time.

    So Katherine Malkin, at what point in time does the loan owner get tired of being bled to death by holding costs and take a loss anyway?

    1. Chicago is toast these days. Residents are feeling the Gold Coast and streeterville. The only direction the price is going will be down. Two rounds of major looting and blm riots four nights a week all summer long destroyed whatever desirability the neighborhood had.

  14. Just another day in Bill de Blasio’s New York City:

    “Here is graphic video of the assault on the older Asian woman by a black male suspect in NYC. The building security who witnessed the attack did not help her. They closed the door.”

    WARNING: this is a pretty savage beatdown.

    https://twitter.com/MrAndyNgo/status/1376717658813440005

    See also CNN’s coverage of the recent carjacking and murder in D.C. and Mayor Bowser’s response to it. A 66 year old Pakistani immigrant delivering for Uber Eats was carjacked by 13 and 15 year old female students / youths / spring breakers (please consult the Associated Press style guide) who drove away dragging his body, rolled the car and flung him into wall. One of these future doctors and astronauts is then seen stepping over his dead body and crying she lost her cell phone.

    When you pay property taxes to New York City or the District of Columbia, this is what you get.

    1. It is rather clear who is at the top of the social totem pole. Even though NFL player Deshaun Watson has been accused of rape and assault by 19 women, he has hasn’t lost a single corporate endorsement. Not a single one.

      All it has accomplished is to put his trade on hold for now. I wouldn’t be surprised if the Texans are able to trade him before training begins. They might have to sweeten the deal to unload him, but someone will take him. If his new team starts winning games, all will be forgotten.

      I wonder what Bill Cosby thinks of all this?

      1. Since you brought up sportsball…

        Yahoo News — Nearly half of Americans changed sports viewing habits because of social justice (3/29/2021):

        “Of those who watch sports on TV, about 11 percent said they now watch more as a result of political and social messaging. However, 34.5 percent, more than one-third, said they are watching less. The vast majority, roughly 56.3 percent, said they watch about the same amount regardless of political or social messaging.

        Ratings across all major sports were down in 2020, the result of a range of factors including time-shifted sports calendars and the presidential election, but it’s clear from this poll that politics and social justice had some impact on the ratings decline.”

        https://sports.yahoo.com/nearly-half-of-americans-changed-sports-viewing-habits-because-of-social-justice-192601834.html

        Last Thanksgiving was the longest period of time I’d been in the same room with sportsball on the TeeVee, probably since Thanksgiving 2019.

        Get woke, go broke.

        1. Get woke, go broke.

          From what I have heard, the NFL is getting a record TV contract renewal, despite the plummeting ratings. I’m gonna guess that Corporate America will continue to pay top dollar to broadcast their ads with mythical mixed race families, even though fewer and fewer are watching.

          1. I think there are some billionaires — or more likely, some highly leverages financial products or some printed money — backing the woke movement. There must be, or else Disney and Gillette would have filed BK by now. Boycotts won’t help. Votes won’t help. They don’t need money, so they won’t go broke. But from the look of like/dislike ratios, comments, and explosion in the sales of Dr. Seuss books, they aren’t winning any new hearts or minds.

          2. They don’t need money, so they won’t go broke

            Well, they need money. They just don’ t seem to need real customers. I have little doubt that Corporate America has been ordered to support professional sportsball at any cost. Even if no one watches it, it cannot be allowed to fail. How else to explain the NFL’s record TV contracts? It makes no sense..

            Sportsball is the new South Africa. It has to succeed at any cost, until it has served its purpose. Then it will quickly and quietly die.

        2. I got woke and joined the cancel culture. I dropped NFL sunday ticket…… and the customer service agent went boo hoo hoo.

          Buh bye 😂

        3. I too skipped most game but my fav teams. I also plan on skipping the Olympics. I hate nbc with a passion too.

          1. I also plan on skipping the Olympics.

            Same here. I have been for a while. Though it might be fun to watch some dude break the women’s record and get the gold medal in the woman’s xyz event while the sportscasters pretend he’s a woman with a straight face.

          2. I plan to search YouTube for the actual competition footage, assuming there’s any worth seeing. Then I can skip through all of the indoctrination garbage put out by the networks.

      2. I wonder what Bill Cosby thinks of all this?
        NSFW
        Just as an aside, I love Norm Macdonald. He cuts through the crap that flows endlessly through some people’s mouths and gets right to the heart of the matter. Yes, I know it’s not a funny subject, blah, blah.
        Norm Macdonald on Bill Cosby • Apr 27, 2017 (37 seconds)
        https://www.youtube.com/watch?v=ljaP2etvDc4

    2. Is it OK with the BLM peops when Afro American thugs beat the crap out of elderly Asians with no provocation?

      1. Is it OK with the BLM peops when Afro American thugs beat the crap out of elderly Asians with no provocation?

        They’re OK with them beating anyone up. To not do so would be raycis.

      2. Is it OK with the BLM peops when Afro American thugs beat the crap out of elderly Asians with no provocation?”

        Whoa unconscious bias .. pun intended

    3. The police are basically standing down. It’s a joke. Further they allow you to sue them civilly in NY. Nobody will protect you going forward. Giuliani had the right idea

      1. A low tide while the ship’s bow and stern were supported in soil might have cracked the hull spilling fuel. Yikes!

  16. “The Centers for Disease Control and Prevention extended the temporary ban on evictions for three more months.”

    The CDC gets to insert itself into private contracts? Contracts that they themselves are not a party to? This is one of the most insidious aspects of the entire Covid overreaction fraud. The fact that the CDC helped to perpetuate the entire thing makes it even more absurd.

    Take note: you cannot have a prosperous, capitalist country when contracts are arbitrarily altered by government. This will not end well.

    Although I feel sorry for many of the renters, who lost income due to misguided government overreach, and even more sorry for the landlords, the ones really paying the price for all of this bs, how many of those renters and landlords voted for Democrats and Big Gov Republicans year after year? You get what you deserve.

    1. Take note: you cannot have a prosperous, capitalist country when contracts are arbitrarily altered by government.

      What makes you think that the “regime” wants prosperity or capitalism? They are busy creating a whole new class of people who are dependent on the government. UBI will cement the deal.

      At first, the rabble will celebrate their free money and free rent. Until the foreclosed apartment starts to fall apart and there is no landlord to call to get it repaired; and a loaf of bread costs $10.

      The solution, of course, will be to print even more money. I’ve lived this before, in another country. It gets ugly.

      1. I finished reading The Stakes: America at the Point of No Return by Michael Anton last night. This book is excellent, and rather scary in how well it predicted the events of the past few months for having been published in July 2020.

        Anton writes about the “high-low coalition” that is now the foundation of the Democrat Party, to summarize: the woke elite and the government dependent rabble.

        It is the non-woke middle that are their archenemy, i.e. the Kulak class: entrepreneurs, small business owners, and in the classic 20th century definition, any peasant who owns a few more cows than their neighbor.

        It’s not enough for the Kulaks to be un-personned, un-banked, disarmed, taxed into starvation. Globalists will not stop until the Kulak class is liquidated.

        Yes, liquidated.

        History may not repeat itself but it often rhymes.

        1. William Shatner is on record saying that humanity is an infectious disease on Mother Earth. Granted, that might merely be the musings of a senile 90 year old. But this talking point seems to come up again and again in many circles.

          I think the Globalists want to liquidate more than just the Kulaks.

          The governor just announced that vaccines will be available to all by Friday. I’m expecting to get another cold call from UC Health inviting me to make an appointment for “the jab”.

      2. “The solution, of course, will be to print even more money. I’ve lived this before, in another country. It gets ugly.”

        – And in other news… Gold and silver are on sale today. I believe the phrase among the gold bugs is “keep stacking.” I plan to keep buying (physical) into any pull-backs. Can’t print it. It’s now precious metals turn to “buy the dips.” Tech stocks, not so much…

    2. It seems unfair to blame all the government intervention on Democrats, as Republicans were mostly in control when top down measures to override private contracts were instituted last year.

      1. Republicans initiated the interventions when ICUs were overflowing and the DOW was 18,000. The Dems are the ones prolonging it past its shelf life. However, I’m still holding out for mid-summer, when everyone who wants a vaccine has one. Then all this crap needs to STOP instantly.

      2. unfair to blame all the government intervention on Democrats,
        Agree. Contact law should not be ignored just because it is an “inconvenience.”
        Now what is next? Taking 401K money, preventing evictions for an other year, or, or?? I did NOT vote for the director of the CDC. And, as the Redpilled Redhead (I think) has pointed out, 2 judges said it was not legal.

  17. This is the “fundamental transformation” that you were promised.

    The Federalist — ‘Moderate’ Joe Biden Just Elevated A Transgender Man Who Supports Child Mutilation (3/29/2021):

    “A civilization in a death spiral can no longer maintain the moral demands that kept it alive. Neither can it tolerate an ability to see things as they are. Coherent authority shrinks.

    Of all contemporary spectacles, none is a clearer “sign of the times” than the transgender delusion. By embracing and promoting it, the mental health profession abandoned troubled patients to their symptoms. Instead of guiding patients past their distortions, clinicians now affirm them.

    The first Dr. Levine was a married man with a son and daughter. In his 40s, he decided to go on a gender journey. Still married, he set out to deny the evidence of his genetic endowment: the inevitable Y chromosome in each of his 30-40 trillion cells, including some 86 billion neurons plus multiple times more glial cells.

    Levine advocates puberty blockers, thereby grooming even the youngest to deny the reality of their bodies. He supports life-altering surgeries although the great majority of youngsters outgrow their “dysphoria” after puberty.

    Sympathy stops at the gate of the toxic narcissism of an influential man empowered to inflict irreversible harm on other people’s children. In effect, unsettled children serve as tools for normalizing what common sense recognizes as his own pathology.

    Only we dare not say so. Under the new leftist regime, any suggestion — however nuanced — that transgenderism is an ideology rooted in mental illness is subject to reprisal. Standards of truth and morals by which behaviors are judged in a civil society have been reduced to the feelings of a sovereign self.”

    https://thefederalist.com/2021/03/29/moderate-joe-biden-just-elevated-a-transgender-man-who-supports-child-mutilation/

    A civilization in a death spiral.

    In cuck Canada and the cuck UK, parents are losing custody of their children for refusing to allow what the book of Deuteronomy thousands of years ago correctly called an “abomination.”

    1. In cuck Canada and the cuck UK, parents are losing custody of their children

      A powerful tool to get people to comply. A cop once threatened a relative with sending CPS to seize his kids over a triviality. He came within a whisker of fleeing the country with his family.

      1. BTW, for anyone wondering what this article has to do with housing, follow the money. Housing –> property taxes –> schools –> brainwashing your children.

        These people are sick.

        Remember all the tranny kids twenty years ago? Neither do I, none of us do, because there weren’t any.

        Abigail Shirer had her book “Irreversible Damage” banned from Target because she dared question the Narrative of mutilating children.

        Her book was specifically about adolescent girls, but note that in most of the situations that Real Journalists never report on, it is the sons of single or divorced mothers being castrated against the wishes of their fathers. And it is *ALL* attributable to validation and virtue signalling on social media (which didn’t exist twenty years ago).

        Know your Narrative. Globalists tell us that this demonic child abuse is some kind of logical extension of the civil rights movement.

        It’s not. And at some point, these fathers losing custody are going to start killing the “child psychologists” and judges who make this happen.

        This isn’t some edge post, keep messing with the kids and you deserve to have your throat slit.

        1. Housing is but one cog in the machine. The free rent thing wasn’t an accident, and it isn’t going away. By making housing unaffordable, the government now controls millions of people via free rent. They will soon find out that they can lose their free abode if they don’t toe the line. It will be the same with UBI. Get cancelled, and you will become an unperson, and unpeople won’t get free gibs. They also won’t be able to get a job.

          Withholding housing, money, freedom of movement, education, healthcare, even food will be powerful tools to control the masses.

        3. This isn’t some edge post, keep messing with the kids and you deserve to have your throat slit.

          The incident I mentioned above was 20+ years ago. He was ready to go. He was going to get as much cash as possible and drive to the border. I talked him out of it. Were it to happen now, I’d probably help him pack his bags.

    1. The Wall Street Journal
      Heard on the Street
      Unraveling Archegos Fund Shows Risks of Investment Banking
      Losses at Credit Suisse and Nomura as positions at Archegos are liquidated serve as a reminder that banks’ costs can come well after profits are booked
      Credit Suisse is still digesting the collapse of Greensill, a British finance company that declared bankruptcy shortly after the Swiss bank froze funds that provided it with liquidity.
      By Rochelle Toplensky
      March 29, 2021 7:43 am ET

      Last year investment banks made bumper profits. This year some unexpected bills are turning up.

      On Monday, Credit Suisse and Nomura said they would both incur substantial losses from the collapse of an unnamed U.S. client, thought to be former Tiger Asia manager Bill Hwang’s hedge fund Archegos Capital Management. Nomura estimated its exposure at roughly $2 billion, while Credit Suisse said it was “premature to quantify” the hit. Shares in both banks plummeted by more than 10%.

      The sale of big blocks of shares late last week by many banks—including Morgan Stanley , Goldman Sachs and Deutsche Bank —hinted at a hedge-fund collapse. Investors should brace for a wider fallout as it is unclear if all of Archegos’ positions have yet been unwound. Shares in a handful of other lenders with potential links to the fund were slightly down in morning trading.

      The losses come just weeks after many global banks announced full-year results boosted by billions of dollars in earnings from investment banks capitalizing on last year’s market volatility. The news is a reminder that there is lingering risk associated with those outsize gains. As the 2008 financial crisis made clear, costs in banking can come long after profits are booked and celebrated.
      …

      1. “As the 2008 financial crisis made clear, costs in banking can come long after profits are booked and celebrated.”

        After those costs pile up to the point where the entire global financial system is at risk of collapse come the bailouts and the Quantitative Easing to respike the punchbowl.

  21. Just read an article in the Mexican media about how one out of four prescriptions cannot be filled by the country’s national health system. This despite the fact that office visits are down 50% because of Covid.

    The article attributes the cause to reforms made by the current leftist government, which were made to decrease spending. And this isn’t about exotic medications. Per the article medications such as blood thinners and pain killers are often unavailable, and patients end up having to pay full freight for them at private pharmacies.

    Anywho, there is talk in the Centennial state of instituting a single payer system that would require providers to accept drastically reduced payments. Unlike with Medicaid, they won’t be allowed to not accept such patients. It doesn’t occur to these geniuses that providers will choose to leave the state should this come to pass.

    I think that private insurance will be allowed, but since the public option would be cheaper, I expect few to have decent private insurance provided by their employers.

    1. Prostitutes at least provide a service someone will pay for.

      Realtor does not. The only thing Realtor does is suck your wallet dry.

  23. “It is a seller’s market on steroids right now in Texas.

    Healthy housing inventory is typically six months. But some cities in Texas, including Austin, are down to days.

    Todd Tramonte is a well-known real estate marketer and broker in north Texas. And he has some stories.

    “We have women swinging umbrellas at other women on sidewalks because they literally are, it’s like children at school, they’re fighting over who was in line first,”

    “Lakusta said consumer protection is a growing concern, as some home buyers are entering into contracts that do not guarantee the final sales price. ”

    https://www.wfaa.com/article/news/politics/north-texas-red-hot-housing-market-buyers-contracts-no-guaranteed-final-sales-price/287-015807ac-44e8-4199-a383-682d79cd953e

    1. “Lakusta said consumer protection is a growing concern, as some home buyers are entering into contracts that do not guarantee the final sales price. ”

      – The Five Stages of an Asset Bubble
      1. Displacement
      2. Boom
      3. Euphoria
      4. Profit-Taking
      5. Panic

      – We’re somewhere between 2 & 3. What comes next?

      “It’s like deja-vu, all over again.” – Yogi Berra
      – Related…
      “A nickel ain’t worth a dime anymore.” – Yogi Berra
      “The future ain’t what it used to be.” – Yogi Berra
      “We made too many wrong mistakes.” – Yogi Berra

    1. The Financial Times
      US Treasury bonds
      US 10-year Treasury yield hits highest level since January last year
      Measure of long-term borrowing costs reverses almost all of pandemic-induced fall
      People walking past the New York Stock Exchange
      US bond markets have led a global retreat in government debt since the start of this year © AFP via Getty Images
      Joshua Oliver 14 hours ago
      Be the first to know about every new Coronavirus story

      A key measure of US long-term borrowing costs hit its highest level since the early days of the coronavirus crisis on Tuesday in the penultimate trading session of a brutal quarter for global government bonds.

      The 10-year Treasury yield rose as much as 0.06 percentage points from Monday’s closing level to touch 1.77 per cent, the highest point since January 2020, according to Bloomberg data, before rebounding to trade at 1.72 per cent.

      The fresh bout of volatility came as investors weighed optimism over the US’s vaccine rollout and another plan to boost fiscal stimulus.

      US bond markets have led a global retreat in government debt since January as investors fret that the Federal Reserve will allow the economy to run hot, with huge amounts of government spending combining with monetary stimulus to pump up inflation.

      A broad Bloomberg Barclays index of debt issued by developed market governments around the world has fallen 5 per cent since the start of the year on a total return basis, snapping four straight quarters of rises.

      “The curve needs to reprice for a higher inflation and higher growth regime,” said Antoine Bouvet, senior rates strategist at ING.

      President Joe Biden on Monday promised that, by mid-April, 90 per cent of US adults would be eligible for the Covid-19 vaccine and would have access to a vaccination site within five miles of their homes. The president will travel to Pittsburgh, Pennsylvania, on Wednesday to lay out plans for a $3tn infrastructure package, which comes after this month’s $1.9tn fiscal stimulus bill.

      Rupert Thompson, chief investment officer at wealth manager Kingswood, said the “massive” scale of stimulus in the US and globally had caused “considerable nervousness over inflation and has been behind the recent sell-off in government bonds”.

      The US five-year note, which has suffered less selling than longer maturities this year, was hit in Tuesday’s move. The five-year yield touched its highest level since March 2020 at 0.94 per cent, having risen 0.08 percentage points since the week began.
      …

    1. She dropped out of the primary race in December 2019. She didn’t even compete in, let alone win, a single state primary.

      If this monster gets in the White House this country is over.

      1. If this monster gets in the White House this country is over.

        She is the spawn of the Hildebeast.

    1. A laptop? Is this ad from 2005?

      Those kidz need phones not fancy computers. Who needs a flushing toilet when you’ve got Instagram.

      1. It’s from a Cisco add pledging to have a positive impact on 1 billion people this year,

  28. San Diego public school teachers to give migrant kids in-person instruction before their own students

    Honk, honk!

    1. The reason I can’t stop posting about property taxes (in case you forgot, I don’t pay any) is because paying them is *voluntary* you choose who you pay property taxes to when you buy property in their jurisdiction / municipality / serfdom.

      City councils, school boards, follow the money.

        1. I have no idea where the money goes.

          These are the last scraps of Colorado (any Colorado). The ski towns all died a decade ago thanks to AirBnb.

          They want all of us to be Boxer the loyal horse in Orwell’s Animal Farm working ourselves to death to keep the pigmen fat.

          Every dollar that is withheld and not spent into their system is a dollar they will never touch, never get to debase (see also: Roman Empire), never scrape and claw at like the screeching parasites that they, The Globalists, are.

          Stop giving these people money. Just stop.

  29. So we have an installed President who can’t complete a thought without a note card and at times not even then and a Vice President who can’t answer a serious question without cackling like a Hyena.

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