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That Was My American Dream, Now It Looks Like We Might As Well Let It Go

A report from Bankrate. “The U.S. housing market is on fire. Double-digit appreciation is the rule. Giddy sellers are sifting through multiple offers. Frantic buyers are forced to pay more than asking prices – sometimes by $100,000 or more. The last time the U.S. housing market looked this frothy was back in 2005 to 2007. Then home values crashed, with disastrous consequences. ‘The one thing that I keep getting asked over and over is, ‘Is this a bubble?’ says Phil Shoemaker, president of originations at mortgage lender Home Point Financial. ‘If you look at what’s going on with home price appreciation, it feels bubble-ish. But if you look at the fundamentals behind it, it’s hard to say it is.'”

“‘I’m not worried about a housing bubble,’ says Ralph McLaughlin, chief economist at financial technology firm Haus.com. ‘The fundamentals are all there – low supply combined with growing demand for homeownership – to suggest the overheating we’re seeing in the housing market is not based on animal spirits but on an unfortunate and coincidental series of market forces over the past year.'”

From Fox 2 Detroit in Michigan. “Many homes for sale right now are receiving numerous offers, meaning that buyers have to be aggressive with their offers if they want to have a chance. With home prices up more than 16% in Metro Detroit and inventories low, it’s easy to end up paying more than you initially planned, but there are ways to avoid buyer’s remorse when making such a large purchase.”

“Jeanette Schneider, of Remax of Southeastern Michigan, said that buyers need to consider how much money they are spending when purchasing right now and if they are comfortable with that decision. ‘If you have the means and you have the money and this is a long-term place, that may still be OK for you, but for a lot of folks, you really need to sit back and ask yourself, ‘Am I OK with overextending myself potentially? Am I OK with making these big financial decisions and not having buyers remorse a couple months down the road?’ she said.”

From KRON in California. “How far would you go to get the home of your dreams in the Bay Area? A local realtor camped out for days for his clients to make sure they got theirs. He started camping out three days before they went for sale. ‘I pulled out my lawn chair. I put it right in front,’ said realtor Jeremy Naval. ‘It sounds crazy. I feel like this is something you’d probably just see on HGTV or some random story, but it’s true. And at the end of the day, if there’s something that especially my clients want and there’s a certain way I can get it, I will do it but I wouldn’t be surprised if this starts happening more often.'”

“He wasn’t the only one camped out. Dozens of others were also on the sidewalk outside the sales office. There were 18 townhomes up for grabs, starting at $1.2 million. Now what really attracted clients to these condos is that they are set at a fixed rate meaning none of those bidding wars will take place here. ‘As soon as you walk in you tell them and then bam the price is right there you write a check for the deposit and you’re all done,’ Naval said.”

From Capital Radio on California. “Bryant Phuong bought his eight-unit apartment building in the Tenderloin neighborhood of San Francisco in 1987, a decade after emigrating to the United States from Vietnam. It was a steady source of income, until the pandemic turned it into a liability. One tenant went five months without paying rent before disappearing, he said. Another hasn’t paid rent in over a year. Owed around $26,000 in arrears, Phuong has had to dip into his savings to cover expenses on the property.”

“He’s desperate to get help, but says he has been waiting in the dark after submitting his application over a month ago. That wait has him considering selling the building through which he hoped to retire and build generational wealth for his two kids. ‘That was my American dream,’ he said. ‘Now it looks like we might as well let it go.'”

“In another recent survey of nearly 1,300 landlords in Los Angeles, University of Pennsylvania researchers found that more than a third of landlords with one to five properties couldn’t survive for another three months under current conditions. David Haas, managing broker at Ernst & Haas Management Company in Long Beach, said nearly a fifth of the company’s 1,100 clients have left the rental market over the past year. That’s not so much because of people who fell behind on rent, but because of perceived risk.”

“‘Houses, condos, the stuff we manage, that stuff is coming off and being sold,’ Haas said. ‘With all the statutes and regulations, they’re not seeing the risk as worth the higher rents. So what it’s doing is it’s driving rents through the roof.'”

From CBC News in Canada. “Les Otto believes it’s hard to get a straight answer from a real estate agent when it comes to the current state of the London region’s supercharged housing market. After all, for the most part, he said, they’re feeding the frenzy. ‘In many respects, they are. All they care about and, I have a lot of friends in real estate and many of them I respect, but they get paid on a commission they make on a house sale, so the more it sells, the more they put in their pocket.'”

“Otto knows this because he’s been working in the real estate business in southwestern Ontario for the last 40 years as an appraiser. In order to get a loan from a bank to buy a house or refinance a mortgage, the bank needs an objective assessment of how much that house is worth since that same house becomes the bank’s collateral for the loan. That’s where Otto comes in.”

“So what does a guy with 40 years of experience assessing the value of homes see in today’s unprecedented housing prices? Does he see what some believe is simply a bubble that will inevitably burst? ‘I don’t see it,’ he said. ‘The demand drives the prices. I’ve seen houses now that are exceeding a million dollars that a few years ago they were barely pushing $750,000.'”

“Otto said it’s why we’re seeing bidding wars become the norm. Real estate agents know there are a lot of potential buyers with relatively few homes for sale, so they deliberately price homes under market value to get more realtors to bring their clients in and hopefully, trigger a bidding war. ‘In a bidding war all bets are off,’ he said. ‘The realtor comes and says, ‘if you really want this house, you better put $25,000 higher than the list price or $50,000, or some other ridiculous number and people feel compelled to follow the realtor’s lead.'”

“Realtors aren’t the only people raking in big profits from real estate, Otto said. ‘It’s huge money for governments.'”

“Otto predicts that as the pandemic runs its course, there could be a softening of the market this winter when fewer people are looking to buy. But he said as long as interest rates and housing inventories remain low, a sudden housing crash is off the table. ‘I don’t see it,’ he said. ‘The only thing I see is maybe a periodic softening as it gathers its breath to go on again.'”

The Financial Post in Canada. “The recent surge in home prices has a federal regulator reminding lenders to stay sharp, but it is also prompting concern that borrowers may be stretching themselves financially and, in some cases, stretching the truth when they apply for a mortgage. One Canadian mortgage brokerage told the Financial Post it has recently uncovered a rash of suspicious employment letters submitted by individuals trying to obtain loans in the Greater Toronto Area.”

“‘I must say this is the most advanced employment fraud I’ve ever come across,’ said Dan Eisner, chief executive of True North Mortgage Inc.”

“Income letters are provided by prospective borrowers as proof of employment and income, to help show they have the means to pay back a loan. True North, Eisner said, calls the companies on the job letters prior to funding a mortgage (it also has an exclusive lending arm called THINK Financial). For letters that they now suspect are phony, Eisner said that process was followed and someone answered the phone and confirmed the details of the letter. Other documents, such as purported pay stubs, were provided as well.”

“However, Eisner said a few weeks back something strange was spotted by a ‘closer’ at the brokerage, who handles documentation. That employee noticed that two letters provided by two would-be borrowers from two supposedly different people at two supposedly different companies had the exact same signature.”

“True North’s closer alerted the underwriting manager, and six or so other suspicious letters were subsequently discovered. In one case, True North pulled its funding at the last second, but heard nothing back from the client, which led Eisner to suspect fraud. ‘Because when we pulled the funding on the deal, the client didn’t complain,’ he said in an interview. ‘And you’ve got to imagine if you’re buying a house, and all of a sudden your bank pulls the funding on the day of closing, you will complain.'”

“True North checked its files to see if there were other deals that fit the profile, and found a handful of other suspicious letters. They were, Eisner said, from companies the lender had never heard of, that all claimed to be located in the Greater Toronto Area, and that they had websites that had been created recently and contained a fair amount of detail. ‘They’re not just coming up with websites, they’re coming up with websites that seem fairly deep,’ Eisner said.”

“A survey by Equifax in February of 1,540 Canadians found that nine per cent hadn’t been totally truthful on a loan application and that that nine per cent said it was acceptable to inflate annual income when applying for a mortgage (which was down from 12 per cent in 2019). Forty per cent of respondents agreed that mortgage fraud is a growing problem.”

“One of the trends the credit-reporting agency is seeing recently is a rising level of complexity in manipulating documents, said Carl Davies, head of fraud and identity at Equifax Canada. At the moment, though, demand for residential real estate is up, and policymakers have so far avoided any major moves to try to slow things down. The heightened demand is also increasing the amount of due diligence for lenders, and the rush has yet to die down, potentially putting homeownership further out of reach for some would-be buyers, and particularly younger ones.”

“That can provide a strong incentive for someone to inflate their income on their application to obtain the home they want, Equifax’s Davies said. ‘While we continue to see a very hot housing market, that kind of first-party fraud, that misrepresentation that we see, I think we’re going to continue to see that coming through pretty strong in Canada,’ he added.

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This Post Has 100 Comments

  2. ‘I’m not worried about a housing bubble…The fundamentals are all there…to suggest the overheating we’re seeing in the housing market is not based on animal spirits but on an unfortunate and coincidental series of market forces over the past year’

    Yep, this is where we’ve gone. These people are actually saying the red hotcakes are the result of the Chinese Communist Party virus. Now that’s some fundamentals right there!

    1. Do these people count the multitrillion dollar stimulus packages out of the Fed and Congress, plus government ordered eviction moratoriums and mortgage forbearance, as part of “fundamentals”?

    2. Well, unquestionably, housing prices are up quite a bit; I think it’s important to note that fundamentals are also very strong.
      —Bernanke July 2005

      You know there is a paradigm shift on the horizon when the experts start with “….but the fundamentals…” statements.

  3. ‘They’re not just coming up with websites, they’re coming up with websites that seem fairly deep’

    Some serious scrutiny while throwing around many millions. Who could imagine a “deep” web site? Fake pay stubs? Say it ain’t so!

    OK, I’m not letting this go:

    March 26, 2020

    “As America heads into a deep recession, the $11 trillion residential-mortgage market is in crisis. Investors who buy home loans packaged into bonds are dumping even those with federal backing because of panic that millions might not make their payments. Yet one risky sector had started to show cracks long before the coronavirus pandemic sparked the worst financial meltdown in 12 years: the federal government’s largest affordable-housing program, whose lenient terms are geared toward marginal borrowers.”

    “As real estate prices soared in recent years, working-class adults everywhere have increasingly relied on mortgages backed by the Federal Housing Administration — and U.S. taxpayers. Since 2007, the FHA’s portfolio has tripled in value to more than $1.2 trillion, almost 11% of the market. While private lenders make these loans, they are packaged into Ginnie Mae bonds, common in mutual funds and pensions.”

    “Before Covid-19 started roiling China, a November FHA report found that 27% of borrowers last year spent more than half their incomes on debt, a level it describes as ‘unprecedented.’ The share of FHA loans souring in their first six months has doubled over the last three years to almost 1%.”

    “Not long ago, Alex Castillo drove his shiny black Infiniti SUV through an office park north of the San Antonio airport, along a busy seven-mile stretch of highway that loan officers call ‘Mortgage Row’ because of its abundance of small independent mortgage companies that dominate FHA lending. Castillo, who has the words ‘The Dream Starts Here’ stitched into his jacket, works for Pennsylvania-based American Residential Lending. Oddly, amid the pandemic, his business is booming. His customers locked in FHA mortgages after interest rates plunged this month — adding to federally backed mortgage debt.”

    “‘If the government tells me you’re good enough to get a loan, I have to trust and believe in the government,’ Castillo said. ‘Then we just hope and pray that the client doesn’t get foreclosed on.’”

    “In downtown San Antonio, scores of investors stood on a parched lawn beside the city’s historic granite-and-red-sandstone courthouse. It was the first Tuesday of February, the day of the foreclosure auction. Matt Badders, a San Antonio lawyer who represents lenders, auctioned off two houses. The failed mortgages remind him of the run-up to the financial crisis 12 years ago, when lending to customers with spotty credit nearly brought down the world’s financial system. ‘We’re almost back to 2007, when mortgage originators are waking people up on park benches, saying sign here,’ Badders said.”

    “At the auction, the crowd bid on 338 homes, a third with FHA mortgages, according to Roddy’s Foreclosure Listing Service. One house had dual master bedrooms, a game room and granite kitchen counters. It sold for $202,000 — $52,000 less than the homeowner borrowed only two years ago. The taxpayer-backed FHA insurance fund will take a loss.”

    “Dave Stevens, FHA commissioner under President Barack Obama and former chief executive officer of the Mortgage Bankers Association, said a recession will expose hidden risks in home lending. ‘This should be an alarm bell to policymakers,’ Stevens said. ‘Sometimes you get blinded by a good economy and suddenly look at it and see a bubble of defaults coming.’”

    “The federal government has decided it doesn’t want to pursue — and has asked a judge to dismiss — a lawsuit against Utah-based Academy Mortgage Corp. The judge refused. The suit claims the company’s staff would repeatedly feed information into an automated federal underwriting system, manipulating it until the computer gave the green light. ‘Decline is a curse word,’ Plaintiff Gwen Thrower, a former underwriter, quoted a manager as saying. ‘We don’t use it.’”

    http://housingbubble.blog/?p=3070

    1. And I’m going to keep posting that article. It was a little over a year ago, and there is obviously rampant fraud going on. This was Bloomberg. Not one person saying this, multiple people in the industry. Why has the media not followed up on the court case?

      They don’t want to question the red hotcakes narrative cuz they’re all in on the scam. Guberments, central banks, this is POLICY!

      1. ‘The recent surge in home prices has a federal regulator reminding lenders to stay sharp’

        ‘staff would repeatedly feed information into an automated federal underwriting system, manipulating it until the computer gave the green light’

      2. “you really need to sit back and ask yourself, ‘Am I OK with overextending myself potentially?”

        Need to ask? Actually, that’s a question I’ve never asked, or found myself needing to ask.

      3. I think they’ve already built a Maginot line against defaults. The GSE’s buy nearly all mortgages (see this link, p. 7 to see private label vs GSE mortgages. Private label are a total of 3.7pct, GSEs are the rest, it’s been like that since 2008: https://www.urban.org/sites/default/files/publication/103273/housing-finance-at-a-glance-a-monthly-chartbook-november-2020_0.pdf ). The Fed then prints up cash to buy the MBS and no one is the wiser. And merely maintaining a large balance sheet requires purchase of lots of existing MBS on the sheet mature and have to be replaced.

        A wave of defaults would be absorbed without a peep by this system seems to me. No one but the GSEs want to touch mortgages at this point, it appears.

  4. ‘The demand drives the prices. I’ve seen houses now that are exceeding a million dollars that a few years ago they were barely pushing $750,000′

    ‘In a bidding war all bets are off…The realtor comes and says, ‘if you really want this house, you better put $25,000 higher than the list price or $50,000, or some other ridiculous number and people feel compelled to follow the realtor’s lead’

    This clown is an appraiser?

  5. From Capital Radio on California. “Bryant Phuong bought his eight-unit apartment building in the Tenderloin neighborhood of San Francisco in 1987, a decade after emigrating to the United States from Vietnam. It was a steady source of income, until the pandemic turned it into a liability.

    He bought it in 1987. I doubt he did too badly. Plus its SF. He should invest in human feces management now

    1. The steady was cash out refinancing. Which is way up BTW. Encouraged by practically everyone involved.

      1. “The steady was cash out refinancing.”

        Cashed out and spent.

        “Which is way up BTW.”

        Keeping da dream alive.

        “Encouraged by practically everyone involved.”

        Dumb ’em down, and profit.

        😁

    2. If he’s had this for 35 years, he’s done very well with it .that’s what I was thinking ,too.

      1. imagine if he just paid it off (no refi). he would just have to cover off his expenses – and sit back

  6. “The U.S. housing market is on fire.”

    A word to the wise: People who play with fire often get burned.

    1. Millennial used house buyers in Denver who waive inspections and make offers with escalation clauses deserve everything they’ve got coming. Hearing their stories of buyer regret (one third of them admit to buyer regret, and double that number feel the regret but can’t bring themselves to admit it) gives me such a happy feeling.

      Divorce, foreclosure, bankruptcy, suicide.

      That’s what you’ve got coming.

  7. ‘nearly a fifth of the company’s 1,100 clients have left the rental market over the past year. That’s not so much because of people who fell behind on rent, but because of perceived risk’

    ‘Houses, condos, the stuff we manage, that stuff is coming off and being sold…With all the statutes and regulations, they’re not seeing the risk as worth the higher rents. So what it’s doing is it’s driving rents through the roof’

    That’s what you get with communism. Rents in LA are sinking like a turd in a well Dave.

      2. Goodness gracious me. Current price $1,275, low price $1,238. Looks like we had a massive blow-off top and crash.

      3. Someone should start a virtual lumber coin exchange for these speculators.

        We had actual wooden nickles when I was a kid.

  10. This is a pearl clutching article.

    Westword — COVID Safety Issues in Colorado’s Pro-Trump Counties (4/27/2021):

    “On April 13, three days before the Colorado Department of Public Health and Environment’s dial dashboard, which established COVID-19 safety protocols across the state, went from compulsory to advisory (leaving just a handful of state regulations in force), we published “Colorado Counties That Could Dump COVID Safety Rules This Week.” Our prime candidates were counties that voted for President Donald Trump in November 2020.”

    Orange Man Bad. Say it louder: ORANGE MAN BAD.

    “Two weeks later, our predictions have come to pass. The forty Colorado counties that have instituted no local COVID rules include all 38 that favored Trump last year, and the overwhelming majority of them have COVID-19 vaccination rates below the top tier of Colorado counties — often well below it. And over two-thirds of these counties are now at Level Yellow, Level Orange or Level Red on the CDPHE dial they no longer follow.”

    https://www.westword.com/news/covid-19-safety-issues-in-colorado-pro-trump-counties-april-2021-11953562

    COVID is over. It’s f*ing over.

    Nobody elected Lord Fauci. And in case anybody forgot, Biden wasn’t elected either.

    1. The Federalist — Twitter Employees Actively Engage In Misinformation Propaganda To Attack Florida And Texas (4/26/2021):

      “On Twitter’s trending topics, however, the platform publisher editorialized the Fox News reporting. Although social media platforms claim they are not publishers, a summary of the trending topic written by a Twitter employee sows doubt over the low case numbers emerging from Texas and Florida. President Joe Biden railed against Texas for lifting a mask mandate as “Neanderthal thinking.” Florida never had a statewide mask mandate.

      “A Fox News report says that fully open ‘Republican-led states including Texas and Florida are reporting fewer coronavirus cases than Michigan, Pennsylvania and New York’, but many point out that it fails to clarify that the data is heavily influenced by reporting and COVID-19 testing in each state,” the platform attached as a descriptor to the trending topic.”

      https://thefederalist.com/2021/04/26/twitter-employees-actively-engage-in-misinformation-propaganda-to-attack-florida-and-texas/

      Jack Dorsey is a communist. He needs to go on a one way helicopter ride out over San Francisco Bay. Augusto Pinochet knew how to take care of these kinds of problems.

      1. I’m thinking a cold, nasty boat ride out to the Farallon Islands on old piece of sheit outboard with a bunch of bloody chum to get the Great Whites in a feeding frenzy, then drop the naked cuck Dorsey in. Buh-bye, sucka.

    2. More pearl clutching for the CCP Flu bedwetters.

      SF Gate — Outcry after anti-mask California politician compares herself to Rosa Parks (4/26/2021):

      “A California legislator has come under fire this month for saying that being told she has to wear a mask is comparable to Rosa Parks being forced to sit in the back of the bus.

      Temecula council member Jessica Alexander made the comments in an April 13 virtual meeting; she compared her disagreement with public health measures to Parks’ civil rights struggle, as first reported by the Press-Enterprise.”

      https://www.sfgate.com/bayarea/article/2021-04-Temecula-Jessica-Alexander-mask-Rosa-Parks-16130353.php

      Back of the bus, did you say?

      “Dodger Stadium will debut a “fully vaccinated” section Saturday where fans may sit shoulder-to-shoulder without social distancing.

      The “vaccination zone” will be located in the stadium’s “Loge” sections 166LG and 168LG and fans will need to provide “proof” at the gate that they either received their final dose of a COVID-19 vaccine, or tested negative within 72 hours of the game.”

      https://www.laweekly.com/dodgers-to-debut-fully-vaccinated-section-at-dodger-stadium/

      I hear colored people drinking fountains were a thing back in the day too.

      2. People are born with their skin color. They are not born with COVID.
        People cannot chose their skin color. They can choose to vaccinate and live with that choice.
        Any comparison from any point of view is ridiculous on its face.

        That said, I still think proof of vaccine will be a temporary thing. Before you jump all over me: Yes, the powers that be will TRY to MAKE it permanent, with a crap-app on our phones. But I don’t think it will last. By Christmas we’ll be down to near zero cases and most people will be fed up and just ignore it.

        2. Oxide, it shouldn’t exist at all. This is an EUA. They can’t mandate di.ck. It is outrageous to ask for a passport for anything. This is pre 1215 thinking. You know Magna Carta and stuff for those learned.

          1. This is an EUA.

            Predicated on the suppression of cheap and effective alternatives that oxide knows work.

    3. And yet another scripted outrage narrative from the mask Nazis.

      Huffington Post — Tucker Carlson Condemned After Urging Viewers To Harass Strangers Wearing Masks (4/27/2021):

      https://archive.is/549JP

      No excerpt needed, it’s about what you’d expect from the clucking hen Twitter blue checkmark mask cucks.

      HBB readers, please note the use of the Archive website to deny clicks and ad revenue to Real Journalists. The Huffington Post just laid off half of its staff, and we want more of that.

  11. Takoma Park, MD Housing Prices Crater 19% YOY As Double Digit Price Declines Blanket DC Area

    https://www.movoto.com/takoma-park-md/market-trends/

    As a noted economist said, “Prices fell 45% during the last minor correction. I anticipate even greater declines now.Why buy a house when you can rent one for half the monthly cost? Buy it later after prices crater for 70% less.”

  12. Economics.

    Washington Post — A quarter of women say they are financially worse off a year into pandemic, Post-ABC poll finds (4/27/2021):

    “Women and people of color are the most likely to say they are financially worse off today than before the pandemic began, according to a Washington Post-ABC News poll, underscoring the struggles many Americans are still facing even as the broader economy shows signs of improvement.

    A quarter of women say their family’s financial situation is worse today than before the coronavirus-related shutdowns began in March 2020, compared to 18 percent of men, the poll finds. And 27 percent of non-Whites say they are worse off now vs. 18 percent of Whites.

    About 1 in 5 Americans overall say their family’s financial situation is worse than before the shutdowns, while more than 6 in 10 adults say their financial situation is about the same as before the pandemic.”

    https://archive.is/qqeeh

    Remember in 2017-2019 how women and *ALL* ethnic minorities had the lowest unemployment rates in recorded history?

    Welcome to the recoveryless recovery.

    “This sucker could go down” — George W. Bush

    1. “A quarter of women say their family’s financial situation is worse today than before the coronavirus-related shutdowns began in March 2020,…”

      Why not ‘three quarters of women say their financial situation is better today than…’

      1. What about women whose financial situation is the same? Mine is certainly the same. (well technically it’s better because of COLAs and house appreciation and more in the IRA, but that would have happened regardless of COVID.)

      2. Why not ‘three quarters of women say their financial situation is better today than…’

        Because that would be lying?

      3. Why not ‘three quarters of women say their financial situation is better today than…’

        You can’t have Victim Studies programs without victims.

  13. When I woke up this morning, I told myself today is a great day to not pay property taxes to a Democrat Party sh*thole city.

    New York Times — After Nearly a Year of Unrest, Portland Leaders Pursue a Crackdown (4/27/2021):

    “After the protests have concluded, sometimes in the early morning hours, Margaret Carter finds herself climbing into her gray Toyota Camry and cruising the streets of Portland so she can see the latest damage for herself.

    “Portland was a beautiful city,” said Ms. Carter, who was the first Black woman elected to the Oregon Legislative Assembly and is now retired. “Now you walk around and see all the graffiti, buildings being boarded up. I get sick to my stomach. And I get angry.”

    After almost a year of near-continuous protests since the police killing of George Floyd in Minneapolis, Portland’s city leaders are signaling that it may be time for a more aggressive crackdown on the most strident street actions.”

    The crowds the city has seen are often made up of amorphous groups of people who come for different reasons. Chris Davis, the deputy police chief, estimated there were 150 to 200 people among the regular protesters who were prone to engage in property destruction, although the demonstrations often feature smaller numbers.

    Those protesters often seen in identity-concealing black apparel and engaging in vandalism are a mix of anarchists and police abolitionists, said David Myers, an activist who has joined many of the city’s protests. He said that while he was OK with those who engaged in property damage to apply pressure on city officials unwilling to impose change, he bemoaned that some of those demonstrators seemed to be sidelining the original Black Lives Matter message and harming the cause. In some cases, he said, businesses owned by Black people or which support the Black community have been attacked.”

    https://archive.is/otn0w

    Go bemoan that you’re getting exactly what you voted for, David.

    1. he bemoaned that some of those demonstrators seemed to be sidelining the original Black Lives Matter message and harming the cause. In some cases, he said, businesses owned by Black people or which support the Black community have been attacked

      You get fleas when you sleep with dogs.

  14. People who aren’t sick testing positive for Covid 19 should make people pause about the narratives being false.

    And all these Congress hearings where Dr Fauci doesn’t answer the questions and the good for nothing Politicians don’t do anything about the epic fraud of this Pandemic.

    The evidence shows they were planning this Pandemic going way back to 2016. Censored Drs saying that no isolation of the Covid has been made under the microscope in terms of scientific proof of what’s causing the deaths. Nothing adds up , yet this scam keeps going on and on .

    And people find it hard to believe that Government Health Agencies could be this corrupt that they enforce a scam like this that requires mass vaccination of most the populations that aren’t at risk of whatever this respiratory disease is..

    And , censorship of any other narrative other than this big fraud should cause anyone to reject the story. IT DOESN’T ADD UP. And look at what Entities benefited from this fraud, and that tells you the Story.
    And Dr Fauci story of saving lives is a false premise to begin with. Its all so obvious now , and I can’t believe I even gave them the benefit of the doubt at first that they were fighting a Pandemic unleashed from China.
    The only Justice will be that these fraudulent Bastards get arrested for this crime against humanity.

  16. Well, I am officially homeless.

    My landlord and I had agreed to a 1-year lease extension via text message back in Feb. He said he’d bring the new lease agreement, but never did. Thus, my previous contract stood and the stipulation is month-to-month until either party provides a 30-day move out notice.

    The landlord served me with the move-out notice. He informed me he is listing the home on May 1st and wants us out on May 31 at the latest.

    He could not sell this home back in 2018 for $380k. He will list for $500k and expects to sell above asking.

    The housing in Austin is beyond insane with all the California and NYC transplants.

    The rental market is also insanely competitive. We will most likely have to move further out to far North Austin or possibly Round Rock.

    1. Homeless = no bueno.

      I was recently forced to move. The building owner informed the tenants early this year that all residents of non-renovated units had to move at the end of their lease, I got lucky in that I only had to move on the same floor to the other end of the building.

    3. That text message is all you need as evidence. I would politely remind him of this, and tell him you will be there until the end of the agreed upon new lease. If he wants you out, he’s going to have to pay you to leave, otherwise the lease will be following you to the new owner. That will throw a serious monkey-wrench into his plans to sell. No buyer wants a house with tenants.

      1. “That text message is all you need as evidence. I would politely remind him of this, and tell him you will be there until the end of the agreed upon new lease.”

        Our original contract clearly specifies specifies all extensions, move out notices, etc MUST be in writing. A text message won’t go far in landlord-friendly texas.

        “If he wants you out, he’s going to have to pay you to leave, otherwise the lease will be following you to the new owner.”

        I do not want to deal with a new owner. I own pets, I have expensive things in the home, and I do not plan to live in limbo not knowing what the old or new landlords will try to do to get me to leave the house.

        “Time to squat”

        No. Thank you. I have plans to visit the Caribbean this summer and will not be tied to a damn house I do not own just to squat.

        1. Our original contract clearly specifies specifies all extensions, move out notices, etc MUST be in writing.

          Which a text IS. Oral agreements are actually binding, too, but they are too difficult to prove. You have him over a barrel if you wanted to pursue it. A landlord should never agree to an extension then renege. You planned your life around being there for the next year. I would ask for some sort of compensation.

        2. The text message is not binding. All contracts one year or longer must be in writing laying out the terms. Which would be the new lease your landlord did give you. The rule is called the statute of frauds. It’s been around since 1667 England.

    4. “The housing in Austin is beyond insane with all the California and NYC transplants.”

      A cursory tour of 6th Street should dampen these buyers.

      1. You would think so… this past Friday afternoon, we went for drinks for the first time to a regular bar called ‘The Roosevelt Room’. There was a 1:25hr wait. It’s as if the homeless attracted more California folks. Maybe they like the homeless and are attracted to them?

        1. FWIW, a lot of companies have been moving HQ’s or expanding their presence in Austin. My employer officially moved its HQ from the Bay Area to Austin.

    5. Nothing wrong with Round Rock. Lived there for 8 years and enjoyed it immensely. Austin is still a short, or long, drive down I-35.

  17. Is China’s population shrinking because of a low birth rate, or because of people moving elsewhere, like is happening to California?

    Could it be that communism drives away those who have the means to escape?

    1. Having watched a few Live Leak videos I’m pretty sure why their population is declining.

    2. Is China’s population shrinking because of a low birth rate

      From what I have heard, even though the one child rule is no more, there are few willing to have more than one.

  18. If you delve into the master plans of the Globalist Monopolies, they know all the rigged systems aren’t sustainable. But, the whole idea at some point is to change the systems to whatever top down dictorship they are planning.

    They don’t want the populations to have any choice in what they plan for populations of people.

    So, based on the kinds of things they are saying that they plan, its in their agenda for a crash to take place where than the Great Reset takes place.

    This agenda needs to be stopped because its nuts, but they keep showing their true colors more and more everyday.

    And no doubt the fake Covid Pandemic is part of the method of destruction of freedoms.

  19. The Centennial State’s population grew 17% (744,518) since 2010 and the state will be gaining a new seat in the house (which unfortunately will probably go to a Democrat).

    Also of possible interest:

    5: States that had a larger percent population increase than Colorado between 2010 and 2020 (Idaho at 17.3%, Nevada at 15%, North Dakota at 15.8%, Texas at 15.9% and Utah at 18.4%)

    8: States that had a larger number population increase than Colorado between 2010 and 2020 (Arizona, California, Florida, Georgia, New York, North Carolina, Texas and Washington)

    1. “population grew”

      The peak of the Dude, weed! transplants was 2013-2015.

      They can’t afford rent on their budtender jobs so it’s all tech bro equity locusts moving here now.

  21. Biden is saying that you can go outside without a mask if you have been vaccinated. Anybody see something wrong with this statement.

    1. That’s weird because I’ve never worn a mask outside. Ever. And I’m not vaccinated nor will I ever be.

        1. The show mask President is going to punish the unvaccinated, which is something fake news has been pushing lately. The so called science came out lately that you risk for getting infection outside was extremely low. So that fact is translated by the President of United States pimping for Big Pharmacy with his absurd reward and punishment.

          The Science didn’t say that only the vaccinated was at low risk being outside without the mask, that’s the point.
          Over a year ago they knew the sun killed bugs and transmission rate was almost void outdoors, yet they subjected people to wearing masks at the beach.

          But just as they give this reward to only the vaccinated, which is a form of proof of vaccination to be maskless outside, some States Governments have already declared their State mask less.

          But you watch, the variant mutant strain story hasn’t been used yet to its full capacity , but expect that to be used to continue the never ending saga.

          1. The variants narrative is running out of steam. This virus is very stable, that is, it doesn’t like to mutate. (More accurately, most of the mutations that DO happen don’t spread and therefore go extinct.)

            The “new” variant in India is just a combination of two variants that we’ve already seen, even though it potentially developed independently. That is, this virus is like Hollywood: it’s run out of good ideas, so it just recycles and reboots the same few mutations over and over again. That makes me think it’s running out of things to mutate into.

            The only reason India is in bad shape is that they are on eating and spitting at each other on top of each other at “festivals.” I guess they didn’t skip Easter like we all did. Oh, and even after a year of pandemic, the government didn’t prepare for making oxygen.

          2. The “new” variant in India is just a combination of

            The narrative about how bad things are in India is made up. Presenting logical arguments to support criminal media misinformation is silly.

    2. And how is this going to be enforced? Are the jabbed going to be tattooed with a verifiable number in some centralized database? Other than the card itself, the current jabs cards aren’t very standardized or traceable.

      2. Redpilled,
        That was my first thought, being how is this going to be enforced that the vaccinated can go mask less outside. But, they still can’t go mask less at concerts or parades. But some States are enacting laws that you can’t have passports.

        Who will the enforcers be. “Show me your papers please.”
        It just reaches the point where even the compliant starts seeing that nothing adds up.

  22. “Jeanette Schneider, of Remax of Southeastern Michigan, said that buyers need to consider how much money they are spending when purchasing right now and if they are comfortable with that decision.”

    Another dingbat realtor establishing her profound wisdom.

  23. The DNC’s Chekists give a free pass to the really big criminals, but are trashing the Constitution while going after “Enemies of the State.”

    FBI combed through NSA’s trove of Americans’ communications WITHOUT a warrant in its search for ‘racially motivated violent extremists’ when it was already warned the practice was unconstitutional

    https://www.dailymail.co.uk/news/article-9516639/FBI-sifted-troves-foreign-communications-information-American-WITHOUT-warrant.html

    The FBI searched troves of communications sucked up by the National Security Agency for information on ‘racially motivated violent extremists’ without a warrant, ignoring previous warnings it was breaking the law.

    The FBI’s requests for access to masses of electronic communications harvested by the National Security Agency (NSA) is revealed in a newly declassified report from the United States’ secret surveillance court.

  24. It’s Tim Pool time again on TimcastIRL.

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  32. Been off this blog for years. Bought in 2010 after sitting the last boom out (and being frustrated by it). Not gonna’ lie…it’s beyond tempting to sell right now. But my son has one more year in HS, I promised him I wouldn’t leave the district until he’s done, and decent rentals are scarce in this township. It’s insane, though, in the ‘burbs of Philly.

  33. “With home prices up more than 16% in Metro Detroit …”

    It’s true. I saw one the other day for $4.

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