skip to Main Content
thehousingbubble@gmail.com

A Brief Squint At The Sun Before Falling Back Down To Earth

A report from Surf Santa Monica in California. “It is the second year in a row that Santa Monica’s 90402 is ranked as the third-priciest zip in the nation, although the median price was 10 percent below 2019’s pricing levels, according to Property Shark. The price drop allowed Beverly Hills’ 90210 to equal Santa Monica’s median, as its median sale price ‘contracted at a milder 8 percent,’ giving Beverly Hills its highest ranking ‘since 2015,’ the website found.”

The Los Angeles Times in California. “Tony Gonzalez found a deep-pocketed buyer in Beverly Hills, selling his 13,000-square-foot mansion to billionaire investor Wayne Boich for $21.15 million, according to a source not authorized to comment on the deal. Boich got a decent discount on the property. Gonzalez and his wife originally sought $30 million for the mansion last summer and trimmed the price to $28 million a few months later. The star tight end paid $7.1 million for the property in 2016 and quickly tore down the preexisting 1950s traditional-style home, replacing it with a Georgian-inspired showplace.”

The Austin Business Journal in Texas. “Dozens of rowdy protestors descended upon the Heman Marion Sweatt Travis County Courthouse on the morning of June 1 in an apparent effort to disrupt the day’s slate of scheduled foreclosure sales. A combination of whistles, shouting and chants — examples included ‘We want pizza!’ and ‘Illegal sales!’ — drowned out efforts by trustees to conduct nine foreclosure auctions on properties owned by Nate Paul’s World Class Holdings, including for the real estate firm’s downtown headquarters at 303 W. Ninth St. and its prized Northwest Austin campus once occupied by 3M.”

“The scene at one point appeared on the brink of turning violent, as crowds began pushing and shoving around a trustee attempting to conduct a sale. Jeffrey Contreras is an auction team member at Roddy’s Foreclosure Listing Service, which tracks foreclosures for real estate firms. Contreras said he was shoved by one of the protestors as things got testy. Roddy’s Operations Manager Paul Rana described the chaos as unlike anything he’s seen since he began monitoring foreclosure sales in 2008.”

“World Class rose to local and national prominence in recent years as CEO Nate Paul employed a long-term buy and hold strategy. Many of the prime properties he has bought have sat vacant for years, and promises to build major projects on some of them failed to materialize. The business has been hobbled since federal authorities raided its offices in August 2019 for reasons that have still not been made public. World Class has filed more than 20 bankruptcies in federal court in Austin since then. An untold amount has been spent on lawsuits and other legal action — with World Class being mostly on the defense.”

From Multi-Housing News on New York. “Last week, BHI announced it had provided $60 million in financing to Tishman Realty & Construction to acquire 70 luxury condominium units at 505 W. 43rd St. in Manhattan’s Hell’s Kitchen neighborhood from developer Elad Group. The transaction—the first major bulk condominium sale in New York City since the pandemic—totaled $87.4 million.”

The Real Deal on Florida. “Developer Joseph Kavana closed on a $30 million condo inventory loan for the first tower of his $1.5 billion master-planned community in Sunrise, The Real Deal has learned. The mortgage is for the 89 unsold units at the 263-unit One Metropica, which is 66 percent sold. The developer has sold 174 units since launching sales more than six years ago. The 28-story building was completed a year ago. Last year, the buyers of a $605,000 unit at the first tower sued the developer over delays, seeking a refund of their roughly $150,000 deposit. Court records filed in May show that the unit owners were seeking enforcement of the settlement owed to them by the developer.”

The Denver Channel in Colorado. “Property manager and owner, Bill Bivens, said his aggravation stems from the Colorado Emergency Rental Assistance Program or ERAP. He says 80 tenants in his 400 unit complex are utilizing that program, but he hasn’t been paid since early this year. ‘We did everything we were supposed to do and now we’re sitting there in February, March, April, May and now heading into June we haven’t gotten paid on anybody except one tenant out of 80,’ Bivens said.”

“‘They’ve signed a contact to agree to pay these rents and if they’re not getting assistance, I don’t want to evict them, I want to pay the bills and pay my mortgage,’ Bivens said.”

Business in Vancouver in Canada. “While residential has traditionally been the region’s big driver for land sales, agents say residential speculation is cooling, due to the record-high prices for both land and building materials. Varing Group president Joe Varing said the frantic pace of land assemblies, sales and multi-unit home development in the Fraser Valley is slowing.”

“‘The days of the turn and burn are ending,’ Varing said, referring to the process of acquiring land, getting it rezoned for higher-density residential development and selling it, a process that could take 12 to 36 months. ‘There was a fear of missing out.'”

Property Industry Eye in the UK. “Iain McKenzie, CEO of The Guild of Property Professionals, added: ‘The frenzy to snap up a property at the tail end of a pandemic is showing no signs of stopping, with double digit growth in house prices throughout May – the highest we have seen in the best part of a decade.'”

“But Lucy Pendleton, head of James Pendleton estate agents, is among those that expects price growth to slow. She said: ‘Such fierce appreciation is certainly attention grabbing, but when property hits double-digit growth like this, it’s normally a brief squint at the sun before falling back down to Earth. That will probably happen in July due to the effects of a two-month interruption of house price growth last year.'”

From The Mayo News on Ireland. “They traveled the world, came back home to settle by the sea and raise their family in a thriving, caring community, but now their ‘forever home’ is crumbling around them. Karen and Matt Webb have three children in the local school and, in recent years, built an extension onto their impressive home in Churchfield Manor, Killala.”

“Except, it’s no longer an impressive home. Soon it will no longer be the house the kids come home to after football or soccer or school. The Webb homestead is crumbling around them, and today in The Mayo News the young family is asking An Taoiseach Mícheál Martin to give them hope again, to give them a route towards normality and lift the weight of worry and wonder from their shoulders.”

“The Webbs are indeed part of the North Mayo Pyrite group, which is demanding 100 percent redress for the affected homes, which are slowly crumbling to dust thanks to imperfect blocks used in their construction. The Government has promised homeowners 90 percent of affected homeowners’ rebuild costs. However, this simply isn’t enough, according to Karen Webb and the thousands of families whose lives have been turned upside down.”

“‘Can someone tell me what are we supposed to do? We have invested everything in the house and then stretched everything again to put on the extension. Now, the State who allowed this disaster to happen, because they didn’t regulate the people making the blocks, want us to magically find up to €30,000 somewhere to rebuild our house again. Throw in the fact that we will also have to search for non-existent money for 18-months’ rent while the houses are being rebuilt – and of course there’s not a hope of getting a house to rent in Killala or indeed, Ballina. Where are we going to live? Where will the kids go to school? Will we have to move to some other part of the country? Where will we get jobs to pay the rent and two mortgages? Can you possibly imagine the worry, stress and pain this is causing people? We’re out there begging the Government for 100 percent redress when they should be actually caring for us, helping us and not having a five-year-old constantly thinking about a thing called pyrite.'”

From SBS Japanese on Australia. “June 14th will mark two years since the residents of the Mascot Towers were abruptly told to evacuate their apartments due to structural concerns. Engineers became concerned after discovering cracks in the basement of the 10-storey block on Bourke Street just south of the CBD. Yet since then, the unit owners have continued to pay their mortgages, levies and insurances, for a ghost building that cannot be occupied or sold.”

“‘It is breaking families,’ says one Japanese unit owner, who wishes not to be named.”

“SBS Japanese understands that the Mascot Towers was more than six years old, and outside of the builder’s warranty when the defects began appearing. The developers have gone into liquidation, and although $15 million has so far been used for remediation, the building is now said to be ‘financially not viable’ ‘Something like this has never happened in Australia, so there are no laws to protect us. The strata law make us owners have unlimited responsibility,’ says Alex Chan, who bought his unit 10 years ago.”

“The owners must now vote to decide on the fate of the tower – collective sales which will still incur a loss of 70-80 per cent of the original price. For the majority, though far from ideal, a collective sale is the only way to end this ongoing nightmare. ‘I just want to move on with life and have certainty,’ says a young mother whose child was only two months old at the time of evacuation. ‘The possibility that all 132 owners will be bankrupt will be real if collective sales don’t go ahead,’ says an airline worker, who only resumed his job recently due to the pandemic.”

“But for others like Benjamin (not his real name), it is ‘nothing but a death sentence’ and is strongly against the sale. ‘I will be half a million dollars in debt, and homeless.’ ‘With no end to this, I am just throwing my money into a bottomless pit, and is extremely stressful,’ says Jamie Lam.”

This Post Has 100 Comments
  1. ‘Can someone tell me what are we supposed to do?’

    get some boxes?

    ‘We have invested everything in the house and then stretched everything again to put on the extension’

    Well it was cheaper than renting Karen.

    1. Soon….I have to say the level of regret people who are buying right now will feel is going to be horrendous. I just saw one near me that went about 10% above ask and virtually up roughly 75% in less than 4 years. This is every bit as bad as 2005 period. I don’t buy for one minute this is more sustainable simply because it isn’t liar loans. That’s bullsh.it. Maybe it will be less jingle mail this time but it might take decades for these people to get even.

    1. ‘Santa Monica’s 90402 is ranked as the third-priciest zip in the nation, although the median price was 10 percent below 2019’s pricing levels’

      Sinking like a turd in a well for three years…

  2. ‘it is ‘nothing but a death sentence’…‘I will be half a million dollars in debt, and homeless.’ ‘With no end to this, I am just throwing my money into a bottomless pit, and is extremely stressful’

    Now that’s some red hotcakes right there!

      1. True story: A college friend found a nice duplex in a secluded location and the monthly rent was perfect. Then his girlfriend moved-in with the next-door neighbor. The bedroom(s) shared the same wall, so he could hear her moans and the bed frame’s movements. Time to move!

        1. I’m normally not the type, but if that ever happened to me I would go out and find the hottest escort in town and do the exact same thing right back to her. I’d win.

      2. “Mascot Towers”. Geez, that name has gotten so notorius that years later, half-way around the world, casual readers are STILL shaking heads in disbelief at the never-ending mess.
        I tell ya what, at some point you just have to accept the financial loss.

        write it off & get on with your life or it’ll eat you up.

  3. While the REIC is doing their usual horsesh$t, I can find bulk sales and inventory loans. (Possibly the stupidest loan evah). So what happens to previous buyers in a bulk sale? Fooked.

  4. ‘rose to local and national prominence in recent years as CEO Nate Paul employed a long-term buy and hold strategy. Many of the prime properties he has bought have sat vacant for years, and promises to build major projects on some of them failed to materialize’

    But this is Austin? Buy and hold he should be Muy Rico! if the REIC is telling the truth?

    ‘The business has been hobbled since federal authorities raided its offices in August 2019 for reasons that have still not been made public’

    Oh that!

    1. The Financial Times
      Capital markets
      Federal Reserve to unwind its emergency purchases of US corporate bonds
      Facility underpinned the fixed income market during the worst period for markets last year
      Colby Smith in New York yesterday

      The Federal Reserve said that it would start selling the corporate bonds and fixed income funds that it bought to stabilise the financial system last year, unwinding unprecedented emergency measures that electrified markets and brought down borrowing costs for companies reeling from the pandemic.

      The US central bank said on Wednesday that assets acquired through its so-called Secondary Market Corporate Credit Facility, or SMCCF, would be sold gradually. The aim is to wrap up the process by the end of the year, according to a Fed official.

      The facility, which combined capital from the US Treasury with the central bank’s own resources, acquired corporate bonds and exchange traded funds in the secondary market. It was rolled out in April last year alongside 12 other facilities aimed at supporting a range of debt markets that had come under severe pressure as the US economy shut down.

    2. BREAKING Dow falls 150 points despite solid jobs data, wild trading in meme stocks continues

      Economy
      Fed warns about potential for ‘significant declines’ in asset prices as valuations climb
      Published Thu, May 6 2021 4:00 PM EDT
      Updated Thu, May 6 2021 5:17 PM EDT
      Jeff Cox
      Key Points
      — Rising asset prices are posing increasing threats to the financial system, the Federal Reserve warned in a report Thursday.
      — Fed Governor Lael Brainard said the situation bears watching and points up the importance of making sure the system has proper safeguards.
      — “Asset prices may be vulnerable to significant declines should risk appetite fall,” the central bank said.

      1. “…wild trading in meme stocks continues…”

        The FED is a joke. They’re created a clown eCONomy.

    3. Yahoo Finance
      Bloomberg
      U.S. Futures Drop With Stocks; Dollar Advances: Markets Wrap
      Andreea Papuc
      Thu, June 3, 2021, 5:42 AM·3 min read
      U.S. Futures Drop With Stocks; Dollar Advances: Markets Wrap

      (Bloomberg) — U.S. equity futures dropped with European stocks on Thursday as investors digested a raft of fresh economic data and mounting geopolitical tensions involving Russia and China.

      S&P 500 contracts stayed lower after applications for U.S. state unemployment insurance dipped below 400,000 for the first time during the pandemic. Earlier, they had slumped as Russia said it would eliminate the dollar from its National Wellbeing Fund in an attempt to reduce exposure to U.S. assets. The greenback initially weakened only to turn higher. Ten-year Treasury yields rose.

      1. Dollar Advances

        10-year yield up a tenny bit. DXY is up half a point. That alone is enough to explain today’s drops.
        I’m not that familiar with DXY. What would make DXY go up or down?

        1. When people sell U.S. stocks and Treasurys, their prices go down, and Treasury yields increase. Investors typically trade their stocks and Treasurys for dollars, which makes dollars temporarily more scarce and valuable relative to rival currencies.

          Winding down COVID-19 Quantitative Easing measures also is expected to result in higher DXY, as is U.S. economic recovery from the pandemic shutdown. All signs are looking up for Uncle Buck.

          https://en.m.wikipedia.org/wiki/U.S._Dollar_Index

  5. Amid New Calls for COVID Origin Probe, Lawmakers in US, Canada Scrutinize Use of Federal Resources in Wuhan Lab

    ‘In the United States, the controversy is around a US$3.7 million grant given by the National Institutes of Health (NIH) to the New York-based EcoHealth Alliance for “understanding the risk of bat coronavirus emergence,” of which US$600,000 was channelled to the Wuhan Institute of Virology (WIV) over a period of five years.’

    ‘In Canada, mystery surrounds the firing of 2018 Governor General’s Innovation Award winner scientist Xiangguo Qiu and her husband, Keding Cheng, from the National Microbiology Laboratory (NML) in Winnipeg, along with Qiu’s several trips to the WIV, the transfer of deadly viruses from the NML to the WIV, and the NML’s collaboration with Chinese military scientists.’

    ‘The WIV is the only lab facility in China rated level 4, the highest level of biosafety, indicating that it’s equipped to handle the deadliest infectious viruses. Winnipeg’s NML is also the only level 4 lab in Canada.’

    ‘In the final days of the Trump administration, the U.S. State Department issued a fact sheet saying that several WIV researchers became ill with symptoms consistent with COVID-19 and common seasonal illnesses in autumn 2019, before the Chinese regime officially declared the first case of the illness.’

    “This raises questions about the credibility of WIV senior researcher Shi Zhengli’s public claim that there was ‘zero infection’ among the WIV’s staff and students of SARS-CoV-2 or SARS-related viruses,” the State Department said.’

    ‘In an interview with Science Magazine, Shi said her group’s research on coronavirus is performed at safety levels 2 or 3. Richard Ebright, a molecular biologist at the Rutgers University and a lab biosafety expert, says performing research on bat coronaviruses in level 2 safety environments poses great risk to personnel.’

    “[T]he bat-SARS-related-coronavirus projects at the Wuhan Institute of Virology used personal protective equipment (usually just gloves; sometimes not even gloves) and biosafety standards (usually just biosafety level 2) that would pose very high risk of infection of field-collection, field-survey, or laboratory staff upon contact with a virus having the transmission properties of SARS-CoV-2 [the virus causing COVID-19],” Ebright told the Independent Science Review.’

    ‘Nicholas Wade, an author and science journalist, questions the wisdom of U.S. government grants funding high-risk research at foreign labs that don’t observe adequate safety precautions.’

    “Whether or not SARS2 [SARS-CoV-2] is the product of that research, it seems a questionable policy to farm out high-risk research to foreign labs using minimal safety precautions. And if the SARS2 virus did indeed escape from the Wuhan institute, then the NIH will find itself in the terrible position of having funded a disastrous experiment that led to the death of more than 3 million worldwide, including more than half a million of its own citizens,” Wade wrote in a May 5 article in the Bulletin of the Atomic Scientists.’

    https://www.theepochtimes.com/amid-new-calls-for-covid-origin-probe-lawmakers-in-us-canada-scrutinize-use-of-national-resources-in-wuhan-lab_3841058.html

    I’ve known a lot of this because I subscribe to the Epoch Times. They “farmed it out”, they said, because what they were doing is illegal in the US. Plus maybe only communist Chinese were capable of unleashing it on the world.

    It is an undisputed fact that China cut off Wuhan from the rest of the country, but allowed people there to fly all around the world. This was at the same time they knew it was more transmissible to humans than they stated.

    The Chinese Communist Party is guilty of mass murder – again.

    1. Which is why all the news media are focusing on Fauxi as the scapegoat. Liberal media is being instructed to defend him, while the conservative media wants blood. Both are distractions from the CCP as true culprit.
      And we haven’t heard boo from other countries yet, except for some intel from Germany.

        1. From Childrens Health Defense newsletter today:
          Sorry so long. It’s important and CHD is censored on many channels. Subscribe to their newsletter for daily news along these lines.

          COVID vaccine researchers had previously assumed mRNA COVID vaccines would behave like traditional vaccines. The vaccine’s spike protein — responsible for infection and its most severe symptoms — would remain mostly in the injection site at the shoulder muscle or local lymph nodes.

          But new research obtained by a group of scientists contradicts that theory, a Canadian cancer vaccine researcher said last week.

          “We made a big mistake. We didn’t realize it until now,” said Byram Bridle, a viral immunologist and associate professor at University of Guelph, Ontario. “We thought the spike protein was a great target antigen, we never knew the spike protein itself was a toxin and was a pathogenic protein. So by vaccinating people we are inadvertently inoculating them with a toxin.”

          Bridle, who was awarded a $230,000 grant by the Canadian government last year for research on COVID vaccine development, said he and a group of international scientists filed a request for information from the Japanese regulatory agency to get access to Pfizer’s “biodistribution study.”

          Biodistribution studies are used to determine where an injected compound travels in the body, and which tissues or organs it accumulates in.

          “It’s the first time ever scientists have been privy to seeing where these messenger RNA [mRNA] vaccines go after vaccination,” Bridle said in an interview with Alex Pierson where he first disclosed the data. “Is it a safe assumption that it stays in the shoulder muscle? The short answer is: absolutely not. It’s very disconcerting.”

          The Sars-CoV-2 has a spike protein on its surface. That spike protein is what allows it to infect our bodies, Bridle explained. “That is why we have been using the spike protein in our vaccines,” Bridle said. “The vaccines we’re using get the cells in our bodies to manufacture that protein. If we can mount an immune response against that protein, in theory we could prevent this virus from infecting the body. That is the theory behind the vaccine.”

          “However, when studying the severe COVID-19, […] heart problems, lots of problems with the cardiovascular system, bleeding and clotting, are all associated with COVID-19,” he added. “In doing that research, what has been discovered by the scientific community, the spike protein on its own is almost entirely responsible for the damage to the cardiovascular system, if it gets into circulation.”

          When the purified spike protein is injected into the blood of research animals, they experience damage to the cardiovascular system and the protein can cross the blood-brain barrier and cause damage to the brain, Bridle explained.
          The biodistribution study obtained by Bridle shows the COVID spike protein gets into the blood where it circulates for several days post-vaccination and then accumulates in organs and tissues including the spleen, bone marrow, the liver, adrenal glands and in “quite high concentrations” in the ovaries.
          “We have known for a long time that the spike protein is a pathogenic protein, Bridle said. “It is a toxin. It can cause damage in our body if it gets into circulation.”

          A large number of studies have shown the most severe effects of SARS-CoV-2, the virus that causes COVID, such as blood clotting and bleeding, are due to the effects of the spike protein of the virus itself.

          A recent study in Clinical and Infectious Diseases led by researchers at Brigham and Women’s Hospital and the Harvard Medical School measured longitudinal plasma samples collected from 13 recipients of the Moderna vaccine 1 and 29 days after the first dose and 1-28 days after the second dose.

          Out of these individuals, 11 had detectable levels of SARS-CoV-2 protein in blood plasma as early as one day after the first vaccine dose, including three who had detectable levels of spike protein. A “subunit” protein called S1, part of the spike protein, was also detected.

          Spike protein was detected an average of 15 days after the first injection, and one patient had spike protein detectable on day 29 –– one day after a second vaccine dose –– which disappeared two days later.

          The results showed S1 antigen production after the initial vaccination can be detected by day one and is present beyond the injection site and the associated regional lymph nodes.

          Assuming an average adult blood volume of approximately 5 liters, this corresponds to peak levels of approximately 0.3 micrograms of circulating free antigen for a vaccine designed only to express membrane-anchored antigen.

          In a study published in Nature Neuroscience, lab animals injected with purified spike protein into their bloodstream developed cardiovascular problems. The spike protein also crossed the blood-brain barrier and caused damage to the brain.

          It was a grave mistake to believe the spike protein would not escape into the blood circulation, according to Bridle. “Now, we have clear-cut evidence that the vaccines that make the cells in our deltoid muscles manufacture this protein — that the vaccine itself, plus the protein — gets into blood circulation,” he said.

          Bridle said the scientific community has discovered the spike protein, on its own, is almost entirely responsible for the damage to the cardiovascular system, if it gets into circulation.

          Once in circulation, the spike protein can attach to specific ACE2 receptors that are on blood platelets and the cells that line blood vessels, Bridle said. “When that happens it can do one of two things. It can either cause platelets to clump, and that can lead to clotting — that’s exactly why we’ve been seeing clotting disorders associated with these vaccines. It can also lead to bleeding,” he added.

          Both clotting and bleeding are associated with vaccine-induced thrombotic thrombocytopenia (VITT). Bridle also said the spike protein in circulation would explain recently reported heart problems in vaccinated teens.

          Stephanie Seneff, senior research scientists at Massachusetts Institute of Technology, said it is now clear vaccine content is being delivered to the spleen and the glands, including the ovaries and the adrenal glands, and is being shed into the medium and then eventually reaches the bloodstream causing systemic damage.

          “ACE2 receptors are common in the heart and brain,” she added. “And this is how the spike protein causes cardiovascular and cognitive problems.”

          Dr. J. Patrick Whelan, a pediatric rheumatologist, warned the U.S. Food and Drug Administration (FDA) in December mRNA vaccines could cause microvascular injury to the brain, heart, liver and kidneys in ways not assessed in safety trials.

          In a public submission, Whelan sought to alert the FDA to the potential for vaccines designed to create immunity to the SARS-CoV-2 spike protein to instead cause injuries.

          Whelan was concerned the mRNA vaccine technology utilized by Pfizer and Moderna had “the potential to cause microvascular injury (inflammation and small blood clots called microthrombi) to the brain, heart, liver and kidneys in ways that were not assessed in the safety trials.”

        2. From Children’s Health Defense newsletter today:

          “COVID vaccine researchers had previously assumed mRNA COVID vaccines would behave like traditional vaccines. The vaccine’s spike protein — responsible for infection and its most severe symptoms — would remain mostly in the injection site at the shoulder muscle or local lymph nodes.

          But new research obtained by a group of scientists contradicts that theory, a Canadian cancer vaccine researcher said last week.

          “We made a big mistake. We didn’t realize it until now,” said Byram Bridle, a viral immunologist and associate professor at University of Guelph, Ontario. “We thought the spike protein was a great target antigen, we never knew the spike protein itself was a toxin and was a pathogenic protein. So by vaccinating people we are inadvertently inoculating them with a toxin.”

          Bridle, who was awarded a $230,000 grant by the Canadian government last year for research on COVID vaccine development, said he and a group of international scientists filed a request for information from the Japanese regulatory agency to get access to Pfizer’s “biodistribution study.”

          Biodistribution studies are used to determine where an injected compound travels in the body, and which tissues or organs it accumulates in.

          “It’s the first time ever scientists have been privy to seeing where these messenger RNA [mRNA] vaccines go after vaccination,” Bridle said in an interview with Alex Pierson where he first disclosed the data. “Is it a safe assumption that it stays in the shoulder muscle? The short answer is: absolutely not. It’s very disconcerting.”

          The Sars-CoV-2 has a spike protein on its surface. That spike protein is what allows it to infect our bodies, Bridle explained. “That is why we have been using the spike protein in our vaccines,” Bridle said. “The vaccines we’re using get the cells in our bodies to manufacture that protein. If we can mount an immune response against that protein, in theory we could prevent this virus from infecting the body. That is the theory behind the vaccine.”

          “However, when studying the severe COVID-19, […] heart problems, lots of problems with the cardiovascular system, bleeding and clotting, are all associated with COVID-19,” he added. “In doing that research, what has been discovered by the scientific community, the spike protein on its own is almost entirely responsible for the damage to the cardiovascular system, if it gets into circulation.”

          When the purified spike protein is injected into the blood of research animals, they experience damage to the cardiovascular system and the protein can cross the blood-brain barrier and cause damage to the brain, Bridle explained. “”
          ——–
          Article truncated here by HBB poster

          1. Take these damn vaccines off the market , and lets hope the negative effects are short lasting and wear off for those that got vaccinated.

          2. and lets hope the negative effects are short lasting and wear off

            https://sciencewithdrdoug.com/2021/02/15/breaking-study-sheds-more-light-on-whether-an-rna-vaccine-can-permanently-alter-dna/

            Specifically, a new study by MIT and Harvard scientists demonstrates that segments of the RNA from the coronavirus itself are most likely becoming a permanent fixture in human DNA. (study linked below). This was once thought near impossible, for the same reasons which are presented to assure us that an RNA vaccine could accomplish no such feat. Against the tides of current biological dogma, these researchers found that the genetic segments of this RNA virus are more than likely making their way into our genome. They also found that the exact pathway that I laid out in in my original article is more than likely the pathway being used (retrotransposon, and in particular a LINE-1 element) for this retro-integration to occur.

            And, unlike my previous blog where I hypothesize that such an occurrence would be extremely rare (mainly because I was attempting to temper expectations more conservatively due to the lack of empirical evidence), it appears that this integration of viral RNA segments into our DNA is not as rare as I initially hypothesized. It’s difficult for me to put a number on the probability due to data limitations present in the paper, but based on the frequency they were able to measure this phenomenon in both petri dishes and COVID patients, the probability is much greater than I initially anticipated. Due to this current research, I now place this risk as a more probable event than my original estimation.

            To be fair, this study didn’t show that the RNA from the current vaccines is being integrated into our DNA. However, they did show, quite convincingly, that there exists a viable cellular pathway whereby snippets of SARS-CoV-2 viral RNA could become integrated into our genomic DNA. In my opinion, more research is needed to both corroborate these findings, and to close some gaps.

            (emphasis added)

  6. “Georgian-inspired”

    No it’s not. The front elevation looks like generic crap.

    Not liking the dining area. It looks like someone put a table in a hallway. It also reminds me of modern public libraries, where the book stacks are all out in the open with no nooks and crannies (because nooks and crannies are where bums shoot up). Just uncomfortable.

    Main bathroom — who puts a long pink sofa against the shower? Certain types of movie directors, I guess. And the tub and shower are a long walk from any cabinetry. What if you’re soaped up and realize you need a new razor blade or run out of shampoo or need a clean towel? I guess you ring for the servants.

    Best feature: the house has a dedicated classroom with a snack bar — something I haven’t seen in these luxury manses. After all, most of these millionaires have small kids, and why not have a classroom for them and the governess.

  7. Denver, CO Housing Prices Crater 14% YOY As Subprime Mortgage Defaults Soar Across Colorado

    https://www.movoto.com/co/80231/market-trends/

    As a noted economist stated so eloquently, “I can ask $50k for my run down 10 year old Chevy pickup but where is the buyer at that price? So it is with all depreciating assets like houses and cars.”

  8. “Boich got a decent discount on the property. Gonzalez and his wife originally sought $30 million for the mansion last summer and trimmed the price to $28 million a few months later.”

    I don’t know if it should be considered a “discount” if it is priced too high

  9. “Except, it’s no longer an impressive home. Soon it will no longer be the house the kids come home to after football or soccer or school. The Webb homestead is crumbling around them . . . ”

    reminds me of the Downton Abbey mansion that in reality was pretty much an expensive heirloom & the current “Lord” and family lived out back in a small (affordable) cottage.

  10. Ok, I’m amazed that people can’t see why covering up any facts about the Covid chain of events by the big Government Spokesperson ,Dr. Fauci doesn’t constitute a number of crimes.

    Firstly, lets not forget that you had a election coming up for starters. Dr Fauci and fake news was suppressing information about China man made virus and Fauci connection.
    So, lets say the truth wasn’t suppressed rather than them blaming Trump for 200 thousand deaths by the Fauci/Media cover up.
    Remember that they used Covid to get mail in ballots not verified that helped rig the election. Remember they blamed Trump for 200 thousand deaths while they took the heat off the real culprit China
    So, it would of been much more obvious that you had a Foreign Country trying to interfere with a election with a bio weapon, that Fauci had a funding connection with.
    The darn election could of been delayed because of a attack by a Foreign Country for instance.
    But no , obstruction of the truth prejudiced the election process in every way, which ended up being rigged for China Joe.
    So, many months after the fact, after the criminal objectives were obtained by all in collusion, they think they can release the truth now of a man made lab leak and its not relevant to the chain of events.
    Another example. Hilary in collusion with FBI, sought to interfere with the 2016 election , by fake information on Trump, to take the heat off her own crimes, slander Trump, that all created the Russian Hoax.
    So, obstruction of truth, or lack of disclosure of facts, protection of culprits like China, that obstructs the proper response to a emergency, is a crime.
    The fake Media was obstructing truth with Fauci to interfere with a election. Lockdowns and other measures were also. Non Peaceful Protesters reeking havoc, who were funded by big Corporation, again was causing chaos and fear. They implied they were going to burn down the cities if Trump got elected.
    Censorship of Biden and Son connections with China is another example of obstruction of facts to influence a election. So instead you had Impeachment of Trump for a bogus abuse of power.
    So, if they take Fauci out now quickly, and than just proceed as the whole chain of events with the China acts isn’t relevant its ridiculous.
    And if these Big Monopolies and the Davos Group, Gates, Media and all the other creeps are advancing their sinister goals and power grabs by a collusion of criminal acts, with a obstruction of truth and Justice, they need their comeuppance.
    How much more damage are these Criminals going to do.

    1. lets not forget that you had a election coming up

      Which means certain people were looking for power. I think it is quite possible that the idiots in the CCP mismanaged their outbreak and let it spread around the world rather than lose face. It wasn’t very lethal. We had two or three hundred thousand people die more than normal. I’m not sure that’s statistically significant, especially when we know a lot of the excess deaths were due to drugs, suicide and other lockdown damage. Our leadership made it into a mass hysteria event and blamed it on DJT for the sake of power.

      Now it’s time for the hysteria to end. They can’t just say Sorry, we were just joking. Scapegoat Fraudi Fauci and China and bury the story. Sprinkle with a little Israel bashing and some UFO fear and there you go.

      This stuff will not end until we take the power away.

      1. Per Dr. McCullough 85% of the deaths could have been prevented with treatment. This was a manufactured pandemic.

        1. Manufactured virus. Manufactured pandemic via manufactured news. Manufactured election.

      2. Ok, I don’t buy that China was just trying to save face. They are controlling all the informatio

        1. If it was a real pandemic, it matters. If it was a fake pandemic, it doesn’t matter.

  11. I have to say the level of regret people who are buying right now will feel is going to be horrendous. I just saw one near me that went about 10% above ask and virtually up roughly 75% in less than 4 years. This is every bit as bad as 2005 period. I don’t buy for one minute this is more sustainable simply because it isn’t liar loans. That’s bullsh.it. Maybe it will be less jingle mail this time but it might take decades for these people to get even.

  12. Just read that Kroger is starting its own VAX sweepstakes, one million a week for five weeks.

    A needle in every arm!

  13. So I have to say the level of regret people who are buying right now will feel is going to be horrendous. I just saw one near me that went about 10% above ask and virtually up roughly 75% in less than 4 years. This is every bit as bad as 2005 period. I don’t buy for one minute this is more sustainable simply because it isn’t liar loans. That’s bullsh.it. Maybe it will be less jingle mail this time but it might take decades for these people to get even.

        1. Gold is the anti-Fed. No better reason to stack it than the Fed’s deranged money printing.

    1. Gold investors scared FED may raise interest rates because of a strong jobs report and inflation. I’m betting the FED doesn’t do anything until its too late

      1. Or worse yet, they may fear interest rates could go up due to market forces beyond the Fed’s control.

        Once fundamentals break the central bank shackles, it’ll be game over for lots of rigged Ponzi markets.

  14. “…selling his 13,000-square-foot mansion to billionaire investor Wayne Boich for $21.15 million…

    Gonzalez and his wife originally sought $30 million for the mansion last summer and trimmed the price to $28 million a few months later. The star tight end paid $7.1 million for the property in 2016 and quickly tore down the preexisting 1950s traditional-style home, replacing it with a Georgian-inspired showplace.”

    You have to wonder if the teardown cost plus new construction cost plus transaction costs plus HODLing costs was more or less than $14.05 million ($21.15 million less $7.01 million).

  15. The Biden Regime admits that it’s meddling in Mexico’s election June 6th), and is proud of it.

    https://www.eluniversal.com.mx/mundo/casa-blanca-eu-seguira-con-apoyo-ong-como-mexicanos-contra-la-corrupcion

    First two paragraphs, translated:

    The fight against corruption is a national security interest for the United States and therefore, will support the capacity of national and international institutions and strengthen the capacity of civil society and the media focused on investigating and uncovering cases on the subject, the White House announced Thursday in a statement signed by President Joe Biden.

    In early May, Mexican President Andrés Manuel López Obrador issued a diplomatic note expressing his distancing over the alleged financial support of the U.S. Agency for Integral Development (USAID) to non-governmental organizations such as Mexicans Against Corruption and Impunity, which he described as “opposition,” and claimed that it is a “show of interfering by the US Government in matters that only concern Mexicans.”

    1. If we’re going to fight against corruption, maybe we should start closer to home.

    2. I suspect USAID is one of the ways that globalists use our taxpayer money to advance their agenda.

      1. Imagine if the Russians funded an NGO that chronicled corruption in the US government. It would be considered an act of war.

        I think the real reason that AMLO and his party (MORENA) are being targeted is because they are refusing to play by the globalist rules. AMLO has all the right leftist pedigrees: socialism, very rainbowish (sans BLM), etc. But he is a nationalist, so the globalists want him and his party out. The Economist recently attacked his administration. They are out to get him.

        Mexican right wingers are thrilled with this, and Biden is their hero, but they overlook that the globalists want to replace AMLO with someone even worse.

        1. US AID = “help”
          Mexicans Against Corruption and Impunity = nice name for probably doing the exact opposite

  16. “‘They’ve signed a contact to agree to pay these rents and if they’re not getting assistance, I don’t want to evict them, I want to pay the bills and pay my mortgage,’ Bivens said.”

    If the rental assistance was actually to help pay tenants’ rents, why didn’t the payments go straight to their landlords? Otherwise, they should have just called it ‘assistance.’

    It seems like government pandemic programs everywhere pretty much favored tenants and broke contracts in a manner to screw landlords.

    1. Attach the label to the correct party:

      A: Landlords
      B: Renters

      Democrats: A or B
      Republicans: A or B

    1. Meh, they’ll just replace him with someone even more radical.

      Gotta love Corporate America. All the people who do the real work are Asian or White. The AA’s get the BS jobs.

  17. “Property manager and owner, Bill Bivens, said his aggravation stems from the Colorado Emergency Rental Assistance Program or ERAP. He says 80 tenants in his 400 unit complex are utilizing that program, but he hasn’t been paid since early this year.

    Bill, were you somehow unaware you were living in a Democrat-Bolshevik malgoverned city when you bought investment property, or that dependency and parasitism are the supreme Democrat virtues to be exalted and enabled?

    1. It’s possible that he bought the properties during somewhat saner times. That said, had he some foresight he would have unloaded them as Clownifornia began to bloom.

  18. Now, the State who allowed this disaster to happen, because they didn’t regulate the people making the blocks, want us to magically find up to €30,000 somewhere to rebuild our house again.

    Anyone who voted for globalist Quislings was an accessory to this sort of corruption and negligence. Maybe the sheeple will take a more active interest in good governance once they’ve been burned by “disasters” like this.

    1. Maybe the sheeple will take a more active interest in good governance

      The Magic 8 Ball says: doubtful.

  19. How extreme is the recent leg up in the Everything Bubble if Fed officials are openly worrying about investors getting hurt when it collapses?

    1. We’ve heard an earful by now, both from our own social circle and from local used home sellers, about the hundreds of thousands of dollars in real estate wealth effects those who sold recently in our area have enjoyed.

      On a personal note, comps to the home we were forced to leave in fall 2019, when our former landlord decided it was time to cash in her Housing Bubble gambling chips, have reportedly been selling for about 50% above what they managed to get about 20 months ago. They must be kicking themselves for not waiting to sell until after COVID-19 drove prices through roof!

    2. ‘Tis a lovely pickle of their own making the central bankers have on their plates…

      1. Opinion | Finance
        June 03, 2021 – 12:01 PM EDT
        Pity the central bankers: No easy way to stop rising inflation or bubble-bursting
        By Desmond Lachman, opinion contributor
        The views expressed by contributors are their own and not the view of The Hill

        One has to pity Federal Reserve Chairman Jerome Powell and European Central Bank (ECB) President Christine Lagarde. Last year, after having spared their respective economies from depressions with the boldest of monetary policy actions in the wake of the pandemic, they now find themselves faced with the most unpalatable of economic policy choices. For different reasons, both find themselves damned if they begin to taper their aggressive bond-buying programs and raise interest rates. However, they also find themselves damned if they do not begin monetary policy tightening.

        It would be an understatement to say that Powell and Lagarde both reacted with unprecedented boldness to the economic collapse and the seizing-up of financial markets in the wake of the COVID-19 pandemic. They both did so by driving down interest rates to their zero lower bound and by engaging in truly massive bond-buying programs.

        Whereas, following the September 2008 Lehman bankruptcy, it took then-Fed Reserve chair Ben Bernanke’s Fed six years to increase the size of its balance sheet by bond buying by around $4 trillion, it took Powell’s Fed less than a year to do nearly the same thing. For her part, Lagarde did something similar by increasing the size of the ECB’s balance sheet from $5 trillion at the start of the pandemic to its present level of around $9.5 trillion. Lagarde also broke new ground for the ECB by abandoning its capital key in deciding which of its member countries’ bonds to buy.

        While the Fed and the ECB’s bold policy actions did succeed in stabilizing financial markets and preventing an economic depression, they did so at the cost of creating a global “everything” asset and credit market bubble.

        Global equity valuations soared to levels reminiscent of those prevailing on the eve of the 1929 stock market crash. Similarly, U.S. housing market prices, as measured by the Case-Shiller index, rose to levels well above those prevailing in 2006 at the peak of the earlier U.S. housing market bubble. Meanwhile, credit flowed freely at very low interest rates to borrowers with very poor credit quality both in the advanced economies and in the emerging market economies.

        The difficult policy challenge for both the Fed and the ECB now is that, at the same time they have to contend with asset and credit market bubbles, they also have to contend with economies that are at risk of overheating.

    3. Chip Shortage Cars
      Microchip Shortage Sends Used Car Prices Soaring, Causes Headaches for Dealerships
      Published June 3, 2021 • Updated on June 3, 2021 at 4:59 pm

      As consumers have no doubt noticed, there is a shortage of new and used cars in the United States, and manufacturers and dealerships are scrambling to cope as prices continue to surge on the suddenly-scarce vehicles.

      The scarcity has two primary sources: Americans are looking to get out and about after a year of being largely stationary because of the coronavirus pandemic, and a massive shortage of microchips used in the manufacturing of cars has suddenly made new cars scarce, and used cars extremely valuable.

      1. Too much money sloshing around. There is no car shortage, just an excess of FED liquidity that has washed over every nook and cranny of the eCONomy. Get rid of the eviction moratoriums, forbearance programs and stimulus money and you will see an avalanche of cars come to market.

      2. I call BS on the new car shortage. I just checked some of the local stealership websites and most have hundreds of new cars in stock.

      3. Here in Salt Lake, the car dealerships downtown are storing their excess vehicles in the closed down Sears parking lot. Homeless encampments surround the fencing that protects the cars.

        If there is a national shortage why are those cars not being shipped to areas with demand? They could sell in minutes!

        1. Homeless encampments

          I remember when the sidewalks in SLC were clean enough to eat off of. Are there homeless near Temple Square, or are they shooed away?

          1. That sort of nonsense is not tolerated right next to Temple Square. It’s impeccably clean and tidy around the Temple and City Creek Mall (owned by the church), but if you go a few blocks south or west the homeless camps start.

            The specific area I mean is around 800 S and State, where the Sears building used to be. I don’t recall there being tents there last year.

        2. If there is a national shortage why are those cars not being shipped to areas with demand? They could sell in minutes!

          We had to drive to find our latest vehicle — drove from TN to OH to get the truck we were looking for. We absolutely would have bought locally if we could, but truck inventory (Ram and Ford) is definitely low.

          Some dealerships weren’t willing to budge off MSRP, but we found a few still looking to deal.

        3. There is not shortage, just a narrative.

          Think about it. Demand collapsed Mar2020 and hasn’t recovered since. We’ve herd “chip shortages!”😂 and “soaring demand!”😂😂 yet every laydown yard in the US is chock full of new vehicles.

          I’ve had 4 gm salesmen on a hook since April. We got it down 21% under MSRP and we’re gonna keep going with it. One of them just called again yesterday.

          I’m not sure why people don’t understand that only falling prices to dramatically lower and more affordable levels will accelerate the economy and create jobs.

          1. We’ve herd “chip shortages!”😂 and “soaring demand!”😂😂 yet every laydown yard in the US is chock full of new vehicles.

            I know for a fact that Ram orders are delayed, and some features are no longer available on lower trim models due to the chip shortages — I see no reason they’d not want to take our money for more features.

            We ended up at 15% under MSRP. Could have done a bit better with a dealer in a different state, but we got a closer match to what we would have ordered and a great price for the trade (negotiated after we finalized the price on the truck).

    4. Market analysts warn against meme-stock ‘gambling,’ as AMC’s stock price remains decoupled from fundamentals
      Natasha Dailey
      Jun. 3, 2021, 03:54 PM
      AMC 51.34 -11.21 (-17.92%)
      AMC Entertainment Holdings Inc (A)
      Timothy Abero / EyeEm / Getty — Market analysts said it’s hard to predict when surges in AMC’s stock price will come to a halt.
      — “It is anyone’s guess how much larger this bubble can grow,” one analyst said.
      — AMC shares whipsawed Thursday after a record surge Wednesday that nearly doubled the stock price.

      The rally in shares of AMC Entertainment, fueled by an army of retail traders, could be at an end – or not.

      The world’s largest movie theater chain nearly doubled in value in a single day of trading Wednesday, adding to gains from the day and week prior, as retail investors – pooled together on sites like Reddit and Twitter – poured into the stock.

      The price then whipsawed from red to green to red again Thursday after AMC announced a share sale, which initially caused the stock to plummet. The decline, one analyst said, was “to be expected.”

      “The bigger it goes, the farther it’s going to fall,” said David Trainer, chief executive officer of investment research firm New Constructs.

    5. A big problem facing Mr Market these days is that following over a year of extraordinary central bank market support with no sign of any plan to unwind it, bears have entered a state of cryogenic hibernation. With only bulls in the market piling in to buy the dip on every slight price decline, there is little surprise to see stocks at historically overvalued and overbought levels based on fundamental metrics.

      1. Warren Buffett’s favorite market indicator hits 200%, signaling stocks are overpriced and a crash may be coming
        Theron Mohamed
        Jun. 2, 2021, 06:24 AM

        • Warren Buffett’s preferred market gauge hit 200%, signaling stocks are overvalued.

        • The “Buffett indicator” compares the stock market’s valuation to the size of the economy.

        • Buffett said the gauge spiking is a “very strong warning signal” of a future market crash.

        Warren Buffett’s favorite market indicator hit 200% on Tuesday, signaling stocks are massively overpriced and a crash may be looming.

        The “Buffett indicator” takes the combined market capitalization of all publicly traded US stocks, and divides it by the most recent quarterly figure for gross domestic product. Investors use it as a rough gauge of the stock market’s valuation relative to the size of the economy.

        The Wilshire 5000 Total Market Index climbed as high as $44.3 trillion on Tuesday, while the latest estimate for first-quarter GDP is $22.1 trillion, putting the Buffett indicator at 200%. That reading is well above the 187% it reached in the second quarter of 2020, when the pandemic was in full swing and GDP was about 12% lower.

        Buffett trumpeted his namesake gauge in a Fortune magazine article in 2001, calling it “probably the best single measure of where valuations stand at any given moment.”

    6. Since the criminal hijackers of this Government could do anything to any market, the political instability of this makes any investment not safe.

  20. Mark Allan · Markets
    25/05/2021 · 4 min read
    Taper talk at the Fed – Are we there yet?

    There appears to be tension among US monetary policy-setters over the timing of the first steps in the process towards trimming the extraordinary central bank support unleashed as the pandemic raged, the economy had to be shut down, employment was hit hard and inflation all but swooned.

    The minutes of the latest meeting of policymakers show that some of them “suggested that if the economy continued to make rapid progress, it might be appropriate at some point in upcoming meetings to begin discussing a plan for adjusting the pace of asset purchases” under the Federal Reserve’s trillion dollar quantitative easing (QE) pro-growth and pro-inflation programme.

    This appears to run counter to chair Jay Powell’s emphatic assertion that it was not time to start talking about tapering QE yet at the press conference after the same Fed meeting.

    A gentle nudge?

    Setting aside the apparent divergence in view between Powell and some of his colleagues, the Fed has repeatedly said that it would provide lots of advance warning about the taper process.

    Did we get a warning already? The comment quoted above is a caveated, conditional statement: “if the economy continues to make rapid progress…, it might be appropriate”. Perhaps. Such a comment can be seen as the gentlest, earliest step the Fed could take on a journey toward tapering without generating a 2013-style taper tantrum reaction on the markets.

    Those pushing for an early start to the taper discussion will have done so either because of concerns over asset price valuations and financial stability, or inflation expectations.

    Concerns about financial stability

    The minutes show that there is concern about low interest rates leading to reach-for-yield behaviour that might threaten financial stability.

    With corporate bond spreads tight and Powell having gone so far as to describe the stock market as having signs of ‘froth’, it’s pretty easy to imagine some on the Fed worrying that USD 120 billion of QE every month might push asset prices up further, increasing the risk of a disruptive adjustment.

  21. Home
    Economy
    3 reasons why the housing shortage will last for years, Goldman Sachs says
    Ayelet Sheffey
    May 19, 2021, 11:02 AM
    Condo for sale sign
    Reed Saxon/AP
    — Housing supply is currently at its lowest level since the 1970s.
    — Goldman Sachs said the shortage could last for years due to millennial homebuying and fewer starts.
    — There also won’t be enough foreclosures to make a meaningful impact on the market, the bank says.

    Supply for homes can’t keep up with demand. At a point when the country badly needs more houses, housing starts fell 9.5% in April, and Goldman Sachs doesn’t see the cavalry arriving soon.

    A May 2 note from Goldman’s Ronnie Walker found that new home sales and housing starts have reached their highest levels since 2006, and housing supply is at its lowest level since the 1970s. But as demand remains high, little is being done — and can be done — to fix the low supply. “The resulting picture is one of a persistent supply-demand imbalance in the years ahead,” the note said.

    1. and fewer starts

      Fewer starts, despite the demand. The builder boys build, it’s what they do, so if they aren’t, someone is holding them back.

  22. This is never going to end. Enjoy your vibrant cultural enrichment, libtards, as yet another once-great American city spirals down into a dystopian Democrat-Bolshevik malgoverned wasteland.

    Minneapolis Police shoot dead armed black man in his car as they serve arrest warrant and cops fire tear gas on protesters furious over the dismantling of George Floyd Square

    https://www.dailymail.co.uk/news/article-9651125/Minneapolis-cops-tear-gas-protesters-lit-FIRES-workers-dismantled-George-Floyd-Square.html

Comments are closed.

Back To Top