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If You’ve Already Purchased A Home That You Regret, There’s Still Hope

A report from the Post and Courier in South Carolina. “Put up a ‘For Sale’ sign, and wait for the cash to roll in. In a real estate market as hot as Greenville, where there’s precious little inventory and many homes can spark bidding wars, selling a home seems just that simple. If only it were that easy. In fact, market conditions in Greenville can sometimes even complicate the sale of homes that fetch too high a price, given that appraisals have become hold-your-breath affairs. Leaving a detailed list of any renovations done to the home, and how much they cost, can help facilitate the appraisal process—which have become such white-knuckle experiences because appraisers ‘don’t have many things to comp,’ said Nick Carlson, broker at Wilson Associates.”

“‘Our inventory is so low, that when you go to pull six month’s sales, you might not find anything. You might have to pull back a year or two,’ he added. ‘And with properties below a half million dollars, the likelihood of getting multiple offers is high. They typically go above and beyond list price. We have to inform appraisers that we’re getting above list price, just to let them know that this is what the market is bearing at this point in time.'”

From Boston Agent Magazine in Massachusetts. “While it’s a difficult time to be a buyer given the short supply, sellers nevertheless need to price their properties appropriately, said Denise Connell, who sits on the Greater Boston Association of Realtors board of directors. ‘Yes, there are bidding wars, but the buyers are smart, and if your home is overpriced, you are not going to get the needed audience for the home, and look out if you have to have an open house on a second weekend; the buyers will assume there is something ‘wrong’ with the house,’ she said. ‘It’s crazy, a house that hits 10 days on the market is considered ‘stigmatized.’ It’s nuts.'”

From Mansion Global. “The $50-million price tag on the classic Fifth Avenue co-op owned by legendary New York City arts patrons Charles and Jayne Wrightsman has been reduced to $39 million. The home, which occupies the entire third floor of the white-glove, limestone-clad building at East 63rd Street and Fifth Avenue, was placed on the market by the couple’s estate in November 2019 for $50 million, following Jayne’s death the same year at the age of 99. The $11 million price cut—amounting to a 22% discount—hit the listing on Wednesday.”

From Action News Jax in Florida. “You can return clothes that don’t fit, but a house? Not so much. Lindsey DellaSalla with the DJ & Lindsey Team says the housing market is so competitive and the demand is so high, people are buying homes sight unseen and waiving inspection periods. She says on the flipside, almost a third of home buyers report that they now regret their big purchase.”

“‘These people who are regretting their decision, once they’re moved in and living here, the only thing you’re not able to look up on Google or Google Maps is the actual lifestyle you’ll have in that neighborhood,’ DellaSalla explained. If, say, you’ve already purchased a home that you regret, DellaSalla says there’s still hope: ‘Inventory is still incredibly tight, there’s hardly any homes for sale, so let’s just turn around, get it back on the market,’ she said.”

The San Francisco Chronicle in California. “Home values rose across most of the Bay Area during the pandemic. But they fell flat in San Francisco. From February 2020 to February 2021, the city saw its home values decrease in almost every ZIP code, according to a Chronicle analysis of Zillow data. San Francisco’s average home values sank slightly from $1.46 million to a slightly less eye-popping $1.42 million. In 94123, a ZIP code representing the Marina and Cow Hollow, estimated home values fell by nearly 10%, to $2.35 million. And they dropped from $1.66 million to $1.45 million — a 12% decrease — in 94104, a ZIP code encompassing a tiny slice of the Financial District.”

From Ekathimerini in Greece. “House prices and rents in Greece dropped the most among EU countries in the period from 2010 to the end of 2020, a Eurostat analysis shows. Specifically, house prices dropped 28.1% and rents 25.1%. Rents in Greece declined 40% in 2010-12, at the onset of the financial crisis, and have been inching upwards since, without making up for that sharp loss. Bank of Greece data on house prices show a steady decline until 2017, with the total drop of nearly 42% and a recovery since: in 2019 prices went up 7.2% and 4.2% in 2020.”

“Drops in house value were registered, besides Greece, in Italy (-15.2%), Spain (-5.2%) and Cyprus (-3.4%).”

The Sydney Morning Herald in Australia. “A Sydney woman has been told there is nothing the NSW Building Commissioner can do to help recover her life savings after she bought into a 300-apartment tower that had alleged major defects, despite him reportedly saying an investigation is ‘likely’ to uphold her concerns. It comes as the Herald can reveal a sharp decline in fines being handed out to private certifiers for signing off on dodgy buildings in the last 10 months, since the board responsible for policing them was abolished.”

“An expert consultant discovered ‘major defects’ during an inspection of her newly-constructed apartment in the Magnolia building at Kellyville, a claim backed by council officers who uncovered ‘considerable non-compliances.’ However the developer told her she must settle the $625,500 purchase because a private certifier had signed off an occupation certificate.”

“Maryam Behrouz is contemplating walking away from her deposit – her life savings – to avoid the cost of repairing future defects.”

The Toronto Sun in Canada. “There has been a drastic decline in condo prices in the Yonge-Eglinton neighbourhood, says a well-known Toronto real estate agent who works in the Midtown area. Patrick Rocca told me last week the prices of condos in the dense apartment and condo corridor from Yonge-Eglinton northeast have dropped about 15% in value over the past three months compared to the same time a year ago.”

“Sales statistics provided by Rocca show that while there were fewer condo listings from January to March of 2020, the average condo (one and two-bedroom) sold for $743,000. Fast forward to the last three months, which shows 324 listings and an average selling price of $629,000 — a drastic drop of 16%. He attributes the decline partly to COVID but says he’s encountered condo owners with a genuine fear of the area ‘who want to get out.'”

“The city of Toronto turned the Roehampton hotel into a shelter last spring and homeless clients began moving in there in early July of 2020. A Toronto Sun exclusive last Sunday showed that in the first three months after the shelter opened, all the major crime indicators in the surrounding neighbourhood skyrocketed by 30% compared to the previous summer. Toronto Police statistics indicate theft spiked by 225%, robbery by 100%, sexual violation by 175%, theft over by 150% and break-and-enter by 76.5%.”

“‘The reality is people I’m talking to don’t feel safe and are selling to move,’ Rocca said. ‘They want to get out of there.'”

“One client put his condo on the market last fall, Rocca said, and when he pulled in to a nearby Green P to park so he could show the condo, he saw a couple of guys ‘shooting up.’ The condo never sold. Rocca said the rental market has really been affected too with average rents dipping from $2,100 a month to $1,600 a month — nearly a 25% decline.”

“Nathen Mazri, the young founder of GarfieldEATS and Scooby-Doo EATS, moved into his brand new Roehampton Ave. condo (at the corner of Redpath) in early 2020 just before the pandemic having no idea the shelter was coming. Since then, he’s witnessed one murder at the shelter, another on Roehampton and a suicide (during the lockdown) from the 11th floor of his building. He hears ‘screaming and loud noises,’ and sees emergency vehicles constantly attending the shelter.”

“Nearly every day members of the Midtown Community Safety Facebook group post police calls or pictures of emergency vehicles parked out front of the Roehampton. Mazri doesn’t understand how the neighbourhood can continue to sustain pricey condo development with the mayhem of the nearby shelter. He said his neighbours are angry and contend they ‘feel fooled’ by their real estate agents.”

This Post Has 111 Comments
    1. If I understand that correctly, it means that inventory has been so severely depleted, by a combination of easy money lending that enables buyers to bid up the price of any listing to bid war territory plus owners clinging to their properties due to various pandemic related factors, that absolutely no other similar homes have sold in the area for over six months?

      The situation is reminiscent of the parabolic price blowout phase of a bubble, where one sees prices shoot skyward on shrinking transactions volume.

      1. prices shoot skyward on shrinking transactions volume

        That’s what I’m seeing locally.

        1. Same. Hearing through the grapevine about people we know who lose bidding wars and homes selling for $50k over asking when first listed…

          1. How crazy it is locally. House for sale asking $538k.. sold for $568k. NOW find out there were offers for $600k and the realtor accepted the first offer of $568k. Now people who made higher offers are suing to try and buy the house. Sure there is more to the story but heard this from the buyer at $568 who took possession.

  1. ‘moved into his brand new Roehampton Ave. condo (at the corner of Redpath) in early 2020 just before the pandemic having no idea the shelter was coming. Since then, he’s witnessed one murder at the shelter, another on Roehampton and a suicide (during the lockdown) from the 11th floor of his building. He hears ‘screaming and loud noises,’ and sees emergency vehicles constantly attending the shelter’

    Well it was cheaper than renting. Take a look at the photo of this goober.

    1. “The reality is people I’m talking to don’t feel safe and are selling to move,” Rocca said. “They want to get out of there.”

      Property values really go down once fear takes hold, and the current “woke” trend will likely add fuel to the fire.

    2. “Since then, he’s witnessed one murder at the shelter, another on Roehampton and a suicide (during the lockdown) from the 11th floor of his building.”

      Jumpers always choose to land on the sidewalk, not the alley in the back of the building.

    3. Toronto’s most bizarre pizza joint has shut down

      =================
      One of Toronto’s weirdest pizza joints has become another casualty of an overdue rent issue during the pandemic.

      GarfieldEATS has brought a bizarre level of joy to the city since it opened, serving cat-shaped pizzas covered in neon orange sauce in homage to the classic cartoon character. Now, its operations at its physical location will cease and the restaurant will continue in an e-commerce capacity only.

      “We have always paid the rent and ready to disclose bank statement and proof of transfers made to the landlord since the lockdown in March 2020, but he wanted more, more & more. He is simply greedy after we updated his entire filthy building,” says Mazri.

      According to a spokesperson for the landlord, “large rental reductions” were offered for eight months through the summer and fall but claims GarfieldEATS “only paid 35%” of the rent.”
      ===============

      https://www.blogto.com/eat_drink/2020/11/garfield-eats-toronto-shut-down/

    4. having no idea the shelter was coming

      These converted shelters are going to become ubiquitous in city cores as the ranks of the unemployable will only grow.

  2. Looting Foot Locker in Minneapolis last night:

    “Protesters later walked to the Brooklyn Center police headquarters near N. 67th Avenue and N. Humboldt Avenue and were locked in a standoff with police in riot gear late Sunday night. Officers repeatedly ordered the crowd of about 500 to disperse as protesters chanted Wright’s name and climbed atop the police headquarters sign, by then covered in graffiti. Police used tear gas, flash bangs and rubber bullets on the crowd.

    National Guard troops arrived just before midnight as looters targeted the Brooklyn Center Walmart and nearby shopping mall. Several businesses around the Walmart were completely destroyed, including Foot Locker, T Mobile, and a New York men’s clothing store.

    Looting was widespread late Sunday into early Monday, spilling into north and south Minneapolis. Reports said that stores in Uptown and along Lake Street were also being looted.”

    https://www.startribune.com/brooklyn-center-minnesota-police-fatally-shoot-black-man-during-traffic-stop/600044821/

    It’s always Foot Locker, always always always Foot Locker.

    1. It’s a thing of beauty to see “woke” companies get their stores cleaned out by their BLM darlings.

      1. Stealing shoes.

        People who grow up in fatherless households grow up to steal shoes. Stealing shoes is their pinnacle of self-actualization.

      1. People who steal shoes grew up in households without books, where literacy and learning was never encouraged, and where the public education system is nothing more than a free babysitter and meals program.

        “They’re not sending their best”

        1. Remember mike brown went to the 2nd worst school in st louis, and the HS lost its accreditation, which means it was a baby sitting service before prison. He was so functionally illiterate he needed many remedial courses and they lowered the passing grade.

        2. 2nd grade reading and maff skills don’t take you far, unless you dribble and shoot a ball really well.

      2. They just released the bodycam footage. He was resisting arrest and this never would have happened had he not.

        1. It feels like everyone is fanning this flame because the prosecution is about to rest in the Chauvin trial and a murder conviction is unlikely. Alternatively, I’m just that cynical.

          1. Alternatively, I’m just that cynical. I’m not cynical. I am quite confident that the outcome of the Chauvin trial — no matter what it turns out to be — will include riots, arson etc.

          2. floyd’s drug dealer took the 5th

            I watched a second discussion between Mark Geragos and Adam Carolla. According to Geragos, if the prosecution really wanted the truth, they’d grant him immunity.

          3. What I am hearing is that the prosecution has faltered badly. One of their star witnesses was so damaging to the their own case that the defense asked to have the prosecution witness back as a defense witness. I haven’t watched the court activity but others who have are saying a murder conviction is looking like a low probability based on the performance of the prosecutors.

          4. “the outcome of the Chauvin trial — no matter what it turns out to be — will include riots, arson etc”

            And if you live in a Democrat Party sh*thole city, and worse yet you own a house there and pay property taxes to that city, you’re gonna get everything you voted for.

        2. They just released the bodycam footage. He was resisting arrest and this never would have happened had he not.

          The elephant in the room is this very fact, in virtually all of these lethal incidents. It is also the most assiduously ignored fact on social media and in the mainstream media.

          1. It probably didn’t help Michael Brown’s outcome that he was messing with the police car, despite the oft-repeated assertion that he was an “unarmed black man.”

          2. despite the oft-repeated assertion

            Repeat a lie often enough and it becomes the truth. I sense that Nazi ideology just went underground after WWII and that we’re now seeing it in the Democrat party.

    2. There seems to be a common denominator among all of these police-involved shootings: Departments in progressive-malgoverned cities run and staffed by diversity hires rather than the most qualified and competent law enforcement officers. Putting political correctness over public safety is going to have tragic consequences.

      ‘Holy sh*t, I shot him’: Moment senior female cop killed Minneapolis black man, 20, during traffic stop as officials insist she ‘accidentally drew handgun instead of Taser’

      https://www.dailymail.co.uk/news/article-9463027/Minnesota-cop-meant-draw-taser-Daunte-Wright-killing.html

  3. ‘Maryam Behrouz is contemplating walking away from her deposit – her life savings – to avoid the cost of repairing future defects’

    Walking away? Wa about all that sweet equity Maryam? You are harshing the red hotcakes buzz fer sure.

  4. ‘they fell flat in San Francisco. From February 2020 to February 2021, the city saw its home values decrease in almost every ZIP code, according to a Chronicle analysis of Zillow data. San Francisco’s average home values sank slightly from $1.46 million to a slightly less eye-popping $1.42 million. In 94123, a ZIP code representing the Marina and Cow Hollow, estimated home values fell by nearly 10%, to $2.35 million. And they dropped from $1.66 million to $1.45 million — a 12% decrease’

    Yes, flat is crater and protests are mostly peaceful. Eat yer crowz Thornberg.

      1. Real Journalists confirm that every one of the youths / students / spring breakers (please consult Associated Press style guide) standing on top of that cop car are future doctors and astronauts.

        Curing cancer and traveling to Mars, my betters tell me.

  5. “people are buying homes sight unseen and waiving inspection periods. She says on the flipside, almost a third of home buyers report that they now regret their big purchase.”

    Almost a third is that a lot?

  6. From Boston Agent Magazine in Massachusetts. “While it’s a difficult time to be a buyer given the short supply, sellers nevertheless need to price their properties appropriately, said Denise Connell, who sits on the Greater Boston Association of Realtors board of directors. ‘Yes, there are bidding wars, but the buyers are smart [right, overpaying is “smart”…], and if your home is overpriced, you are not going to get the needed audience for the home, and look out if you have to have an open house on a second weekend; the buyers will assume there is something ‘wrong’ with the house,’ she said. ‘It’s crazy, a house that hits 10 days on the market is considered ‘stigmatized.’ It’s nuts.’”

    – “It’s crazy”; “It’s nuts” – Things you don’t hear at the bottom.
    – Remember, these are just houses. In a “normal market”, a depreciating, illiquid asset with high carrying costs, but there aren’t any “normal markets” anymore, just “The Everything Bubble,” courtesy of your local Central Banker.
    – I’m sure this will end well for all of the buyers who are overpaying…
    – Shack gambling for the housing horny. A sure sign of another housing bubble mania.
    – Return interest rates to the “natural” rate (r*) and see how that affects prices. Unfortunately, due to unsustainable debt levels everywhere, but esp. in U.S. Treasuries and MBS, markets “can’t handle the truth” of higher rates.
    – This is just another example of centrally-planned, command-and-control economics, aka Socialism. History hasn’t been kind to those applying these principles to a national economy. Think (former) USSR.
    – I’m sure this is fine.

    1. From Action News Jax in Florida. “You can return clothes that don’t fit, but a house? Not so much. Lindsey DellaSalla with the DJ & Lindsey Team says the housing market is so competitive and the demand is so high, people are buying homes sight unseen and waiving inspection periods. She says on the flipside, almost a third of home buyers report that they now regret their big purchase.”

      – It’s a national thing, or even more, it’s a global thing, and since asset bubbles always burst, there’s going to be a global butt-hurt when this whole thing unwinds.
      – Central Banks are a one-trick pony. They’ve been using the same playbook since the dot-com bubble and before, which led to housing bubble 1.0, which led to “the everything bubble.” If it’s the same policy, only with bigger numbers (think $Ts instead of $Bs now), then why would it end differently (except worse, because of bigger numbers) when the bubble bursts?

      the speculative episode always ends not with a whimper but with a bang.” – John Kenneth Galbraith, A Short History of Financial Euphoria

      All crisis have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.” – John Kenneth Galbraith, A Short History of Financial Euphoria

      For a decade after the bursting of the debt bubble in 1837, business conditions were depressed in the United States. The number of banks available for financing speculative adventures declined. Then, after another 10 years, public memory faded again.” – John Kenneth Galbraith, A Short History of Financial Euphoria

      1. https://twitter.com/LukeGromen/status/1381568783760949251
        Luke Gromen @LukeGromen

        The tech bubble burst; it was kicked upstairs to the banking system via a housing bubble.

        The housing bubble burst; it was kicked up to the sovereign level via a sovereign debt bubble.

        The sovereign debt bubble has burst & is being kicked upstairs to MMT

        https://www.theglobeandmail.com/business/article-whatever-we-may-think-of-modern-monetary-theory-its-day-in-the-sun-has/
        Whatever we may think of modern monetary theory, its day in the sun has arrived
        David Parkinson
        Published April 12, 2021 | Updated 3 hours ago

        “In a nutshell, MMT argues government spending isn’t constrained by its revenues; that governments can and should run larger deficits as long as inflation is under control; and that central banks can create as much of their own currency as needed to service the government’s spending.”

        5:24 AM · Apr 12, 2021·Twitter for iPhone

        1. When the government loses control of its money its going to lose control of a lot more. Maybe everything.

      2. Who puts a stop to the mania? Will lenders stop lending at some point because the risks of these loans are too great?

        1. They eventually collapse of their own weight, but this one is taking a very long time, in part due to the unprecedented variety and duration of government interventions.

          1. Global Economy
            Larry Summers: ‘I’m concerned that what is being done is substantially excessive’
            Former treasury secretary criticises the scale of Biden’s fiscal policy and warns it could lead to overheating and wasted resources
            Martin Wolf yesterday
            This is part of a series, ‘Economists Exchange’, featuring conversations between top FT commentators and leading economists about coronavirus economic recovery

            The world economy is struggling to escape the economic shock of Covid-19. During the worst of this pandemic, high-income countries provided a scale of fiscal and monetary largesse previously only seen in world wars.

            Now, however, after the election of Joe Biden as president, the US is proposing to do more than double down on already generous support. Is what the US administration doing well judged or excessively risky?

            For its proponents, the idea of “going big” is designed, among other things, to rectify the mistakes, as they see it, of the Obama administration of 2009. They want this to be seen as a transformative political moment. But Lawrence (Larry) Summers of Harvard has criticised the approach as the “least responsible” in 40 years.

            Summers is an influential economist and policymaker on the US centre left. He won the John Bates Clark medal in 1993 and has been chief economist at the World Bank, Treasury secretary under Bill Clinton and head of Barack Obama’s National Economic Council.

          2. But Lawrence (Larry) Summers of Harvard has criticised the approach as the “least responsible” in 40 years.

            Wow, he’s saying its bad.

          3. Larry Summers: ‘I’m concerned that what is being done is substantially excessive’

            More like insanely excessive.

          4. I didn’t read far enough into the Summers (two mm’s) article yet to see if he takes MMT to task….

          5. They know that trouble is coming from fiscal and monetary policy – They dont care – it is more important to extend and pretend for political reasons

        2. Interesting read “The Lost Bank” about Washington Mutual till it was forced to sell itself to Chase in the financial crisis (largest bank failure).

          It was just a few members of the audit hierarchy that were trying to hold back the dubious activity and quick buck artists in management. Even the Thrift regulators were not diligent in any manner (and were to busy trying to fight another regulator over control).

          If the FHA is buying — i dont think any lender is going to stop.

          1. Buyers are still participating in this mania. Mr. Banker’s got plenty of idiots signing on the dotted line. I’m looking for signs that the punchbowl is being pulled.

    2. ‘– “It’s crazy”; “It’s nuts” – Things you don’t hear at the bottom.’

      We bought when the neighbors who had lost a lot of money said you’d be crazy to buy.

      I have not heard anyone in SoCal say anything similar in over 15 years…

    3. There should not be this overwhelming risk of the inflated price of real estate crashing. Loans handed out like toilet paper to fund a false market at artificially low interest rates Is nuts.

      Detaching risk assessment from lending that’s funding this insanity is no different than the great Stock Market Crash of 1929, whereby 9o% loans to buy stock where handed out like toilet paper at that time. They didn’t bail out the Banks or Stock investment houses , and even if you never invested in Stocks your Bank failed wiping out your savings.

      So, its just outright insanity to have this detachment from risk assessment in lending , that artificially causes bubble prices.
      In 1929 people where saying the Stock Prices will continue going up , so buy in now or be priced out forever from this new prosperity. Actually this was the first time the general population was engaging in Stock Market investment that the loans to buy stock were creating this incredible demand.
      They also had a real estate bloom going on in Florida in the 20’s that crashed in 1926, as well as a hurricane that reeked a lot of damage when it came in.
      So all the laws and regulations that came out of that period to prevent this type of disaster were taken away in around 1997 , by our stooge Government ,that responded to Wall Street and Banks wanting unlimited ways to create wealth. It only took about 7 years for a big real estate crash in around 2006, again based on faulty and fraudulent lending without risk assessment.

      So the real estate market gets reinflated again to what we have now , because lenders/Wall Street were just bailed out in 2009, with no proper correction of the cause of crash.

      People just have to refuse to engage in the madness and reject it. Reject everything they are trying to get people to go along with. Reject the high price of higher education, health Care, real estate. Don’t let them throw risk on you in any area where you end up being the Bagholder, and they take the money and run.

    1. Revolution Investing
      Opinion: The stock market has a ‘binary’ feel to it, so it’s time to reduce risk
      Last Updated: April 10, 2021 at 11:06 a.m. ET
      First Published: April 9, 2021 at 3:27 p.m. ET
      By Cody Willard
      Too much of a split between optimism and pessimism has Cody Willard worried.

      The stock market has priced in a robust recovery from the COVID-19 pandemic. But the outlook for the U.S. economy is the cloudiest I have seen in 30 years.

      I’m shocked at how binary the two most likely outcomes are right now, with impending doom on the one hand and impending boom on the other.

      1. I never realized that Mr. Market grappled with gender identity issues.

        I wonder what his (her) pronouns are?

  7. What stops the mania is the crash after they exhaust every Greater fool to keep it going. Than no doubt the loss gets transferred to the Government and tax coffers.

    And the Banks/ Lenders will say they didn’t see it coming and they need to be bailed out because they are to big to fail. But, a high portion of those loans are already transferred to being Government backed loans.
    Really, this is why the government has to stay out of Commerce because they are just making it possible for these rigged markets to flourish and the Gov. ends up with the loss.
    The gov backs Student loans at inflated prices from Universities, and the student doesn’t get a well paying job that can pay the inflated school debt. Than Biden comes along offering to pay down the school deb, while the University gets to keep the excessive tuition profits.

  8. Black Lives Matter of Greater New York chair Hawk Newsome questions how much Black Lives Matter co-founder Patrisse Cullors has contributed to charity.

    The head of New York City’s Black Lives Matter chapter is calling for an investigation into BLM co-founder Patrisse Cullors over a series of million-dollar real estate purchases she’s made.

    Cullors, 37, has reportedly purchased four high-end homes for $3.2 million in the U.S. alone, per New York Post, including property in a mostly white area of Topanga Canyon in Los Angeles County for $1.4 million.

    1. Something tells me that she wound up on the losing end of an internal power struggle, otherwise they would have circled the wagons and the media would have already memory holed her real estate purchases. I doubt that she’s the only BLM big wig who dipped her hand into the till. They’re probably just using this to disgrace her so they can push her out the door. Once she resigns and leaves, the calls to investigate will stop.

      1. Most of these internecine struggles among radical leftists come down to one thing: division of the spoils.

        1. “…internecine struggles…”

          You exhibit a wonderful vocabulary despite the day’s headline. Did (do?) you write for a living?

      1. That’s how Bernie buys houses.

        That’s how (insert any Democrat) buys (insert whatever).

    2. She’s stupid and will end up broke, like she’s probably been most of her life. People who aren’t used to having money or access to it, spend it as fast as they can when they get it.

    3. “The head of New York City’s Black Lives Matter chapter is calling for an investigation into BLM co-founder Patrisse Cullors over a series of million-dollar real estate purchases she’s made.”

      Racism is Big Business just look at Al Sharpton and Jessie Jackson.

  9. I refuse to pay 30% more for a house than it was in 2017. People have simply lost their mind. I cannot see how this will end well. Simple math tells you houses appreciating at 15% a year means they double in 5 years. Who can afford a house at that point. Seems to me this is nothing more than the gubment finding new ways to jack up property and other taxes on overinflated appraised values.

    1. Our NEA indoctrination mills are staffed by ideological zealots, not competent, caring teachers.

  10. I sense a great disturbance in the force, as if millions of Yellen Bux screamed out their last and were suddenly silenced.

    Cohen’s Manhattan penthouse sells after a 74% price cut

    https://www.crainsnewyork.com/residential-real-estate/cohens-manhattan-penthouse-sells-after-74-price-cut

    Hedge fund manager Steve Cohen found a buyer for his Midtown Manhattan penthouse. It took eight years and a 74% price cut.

    Cohen’s 9,000-square-foot duplex at 151 East 58th St. is under contract in Manhattan’s priciest deal last week, according to a report Monday by luxury brokerage Olshan Realty Inc.

  11. New York Post — How did it become normal for every police shooting to bring ruinous rioting? (4/12/2021):

    “This dynamic is now widely accepted as the norm. Any officer-involved shooting — no matter how justified or illicit, whether we know everything about the circumstances or nothing at all — is simply assumed to be the occasion for mayhem.

    This reflex toward disorder has contributed to a nightmarish spiral in much of urban America, which is experiencing a historic surge in murders.”

    https://nypost.com/2021/04/12/how-did-it-become-normal-for-every-police-shooting-to-bring-ruinous-rioting/

    Let’s stop paying property taxes to Democrat Party sh*thole cities.

    It’s so easy, all you have to do is not buy a house there and not pay property taxes there.

    NO GIBS FOR YOU!

    1. Holding his entire net worth in his hand, because some people are condemned to inter generational poverty.

      Low investment parenting yields low quality fruits:

      https://ibb.co/BChNLKW

      This is the product of the urban American educational “system.” This is what your property taxes are paying for.

      1. his entire net worth in his hand

        You could take away all my tangible assets and I could not hold my wealth in one hand.

    2. Obviously that’s a rhetorical question, but I’ll bite: because the fascist “Democrat” party made it so.

    1. 1968 Example: Martin Luther King
      2021 Example: A paroled ex-con junkie passing fake bills

      Nothing like raising the bar.

    1. Tejon Ranch

      For those not familiar with California, the Tejon Pass is the mountain pass linking Southern California to the Central Valley. Tejon Ranch is on the Central Valley side and was relatively desolate until an outlet mall and some large warehouses were built. Can the developers find 19,000+ people who want to live there?

  12. This guy was a real Colin Kaepernick.

    Charles Coolidge (1921–2021), oldest Medal of Honor recipient

    By Linnea Crowther
    April 9, 2021

    Coolidge was drafted into the U.S. Army in June 1942, just months after the U.S. entered World War II. In was in October 1944 that he earned his Medal of Honor, the nation’s highest military honor in recognition of valor. A sergeant, Coolidge and his men were severely outnumbered by German soldiers in the Vosges Mountains. They fought for days to take Hill 623 as the Germans continued to drive them back. Coolidge bravely led his troops as they held the line for four days of fighting, including dodging five tank rounds that were fired directly at him. He received the Medal of Honor in 1945. Never once injured in the war, Coolidge was also honored with a Silver Star, Bronze Star, and French Legion of Honor. After the war, he worked as his family’s business, Chattanooga Printing & Engraving.

    What Coolidge said when he was asked to surrender

    “I’m sorry, Mac, You’ll have to come and get me.”

    —from a 2014 interview with the University of Tennessee’s School of Journalism and Electronic Media

  13. From now on when someone asks me how I’m doing I will reply…

    Better than a Foot Locker in Minneapolis.

    Mass Looting Live In Minneapolis Including Little Ceasars and Kids Foot Locker 4-11-21

    338 views•
    Apr 12, 2021

    https://youtu.be/gxW1uaIwIdE

    1. I’m amazed that foot locker stays in business, as its core customer demographic is more likely to loot it than make a purchase.

        1. I remember when Foot Lockers were in swanky malls. Of course, the indoor mall is on the endangered species list. Plus I am unsure of how many non-vibrants will cough up $200+ for a pair of sneakers.

          Does Kohl’s ever get looted?

          1. Kohl’s

            Isn’t Kohl’s a clearinghouse for leftover department and flagship stores’ inventories?

          2. No, Kohl’s is their own line of clothing. It reminds me of JC Penney’s. It’s not a Marshall’s or TJ Maxx.

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