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We’re Stuck, We Can’t Sell, And We Can’t Leave

A report from KRON in California. “Homes have sold for over $1 million over asking price. In the Bay Area, this was the case for a house in Mountain View which sold for about $5.5 million within days of posting. There was also a house in Berkeley that sold for $1 million over asking, after receiving a whopping 29 offers. But Redfin says the market is starting to cool down some. ‘Home purchase applications have been falling since late March and are now 7% below their average levels in January and February 2020, despite low mortgage rates and easing access to credit,’ the report said.”

“Anyone who has been hesitant to enter the high stakes bidding wars can feel some relief about how much they can offer. Buyers who are offering $60,000 or less over asking are beginning to get the homes, compared to last month where buyers had to give at least $100,000 over asking to get the coveted key, RedFin real estate agent Candice Smith said.”

From USA Today. “In this hot real estate market, competition for houses often leads to quick purchases which also can lead to buyer’s remorse. According to a recent Bankrate survey, 64% of millennials aged 25 to 40 are facing regrets after buying a home compared with 33% of baby boomers aged 57 to 75. One factor that may explain this divide is desperation; younger homebuyers are more likely to rush into a purchase which can lead them to settle for properties that might not be to their liking. Factoring in the pandemic, the survey found that homebuyer regrets among millennials mainly fell into two categories: financial and physical.”

“Mark Hamrick, senior economist analyst at Bankrate, explained that as home prices have been rising nationally, there’s a risk that people have less flexibility with their finances, and the only way to mitigate that is to avoid paying too much or have sufficient emergency savings. ‘The No. 1 financial regret among Americans is that they wish they had emergency savings,’ Hamrick said. ‘You know, you look around the house and it’s just a series of things waiting to break.'”

“Given low interest rates nowadays, the cost burdens among millennial homeowners are largely due to the higher-than-expected price tags for their homes, according to Hyojung Lee, an assistant professor of housing and property management at Virginia Tech. ‘Admittedly getting and comparing rates across lenders is burdensome and time-consuming, but it is important as it will determine how much you will pay for the next several years, if not decades,’ Lee said.”

“About 13% of homebuyers listed overpaying as one of their concerns, and 9% of homebuyers did not think their home was a good investment. According to the survey, about 15% of homeowners listed a bad location as one of their regrets for buying a house. ‘The problem is that when there is huge demand and limited supply, there would be more and more mismatch between the two so that people might not be happy with what they got. This could be problematic as you cannot easily change your neighborhoods,’ Lee said.”

The Real Deal on New York. “After eight years on the market, the luxury duplex of Mets owner and Point72 Asset Management founder Steve Cohen finally sold for 3.4 percent above asking price — after a significant price cut. The five-bedroom duplex at 151 East 58th Street first hit the market at $115 million in 2013. It bounced between four brokerages, shedding millions of dollars from its price with each relisting, Bloomberg News reported.”

“A final cut to $29.5 million — along with signs of New York City’s comeback — brought results. Two interested parties, one who had viewed the unit years back, then bid up the price, said Erin Boisson Aries, whose team at Christie’s International Real Estate spearheaded marketing. The apartment at One Beacon Court, between Midtown East and the Upper East Side, ultimately sold at $30.5 million in a deal that closed Friday. Cohen paid $24 million for the place in 2005, according to Bloomberg.”

The Globe and Mail in Canada. “209 Carnarvon St., No. 501, New Westminster, B.C. Buyer’s agent Shali Tark says her clients had been looking off and on for an investment property since late last year. They wrote an offer on the property but there were five offers and they lost out. But the winning offer was subject to financing and it didn’t go through. About a week later, the listing agent called and said, ‘Are you able to come back to the table because it looks like this is going to go sideways?’ Ms. Tark says. They made a new offer and it was accepted. ‘It worked out for my buyers to wait that one week,’ she says.”

“Ms. Tark says investors are starting to return to the market now that prices have flat-lined and multiple offer scenarios aren’t always working out. ‘There is definitely a shift in the market now, where the sellers are starting to notice that maybe those cash offers might not be the highest offer, but they can be the best offer.'”

From Business Live in South Africa. “Planning to sell your home to cash in on the mini-boom in housing sales and prices? Better do it sooner rather than later, since it looks like SA’s property market — which entered an unexpected bull run in the second half of 2020 — is losing steam. It’s not only a slowdown in price growth that’s pointing to rapidly deflating homebuyer enthusiasm. According to FNB’s latest Property Barometer, there has been a drop in mortgage application volumes over the past two months too.”

“In addition, the demand strength index, which reached record highs earlier this year, has made an abrupt U-turn in the past three months, suggesting that the shortage of housing stock for sale that developed in some areas last year was short-lived.”

“FNB senior economist Siphamandla Mkhwanazi says that with both the mortgage and demand strength indicators declining over the past two months, housing demand may well have peaked. That’s hardly surprising. Last year’s three percentage point interest rate cuts, taking rates to near 50-year lows, understandably provided a colossal underpin for housing demand. But it would have been unrealistic to expect the rally to continue indefinitely, given SA’s depressing labour market stats.”

“According to this Reuters report, US house prices have escalated to such an extent that homebuyer sentiment has soured to record lows. That article refers to a survey by home financing giant Fannie Mae, which reveals the growing concern that Americans are being priced out of the US housing market. In May, the percentage of consumers who said it is a good time to buy a home declined to 35%, the lowest level since Fannie Mae began its home purchase sentiment index about a decade ago.”

“While the housing upswing in the UK, US and Australia may well be boosting homeowner returns, it does raise fears of a repeat of 2007/2008 when economies around the world came crashing down on the back of overheated housing markets.”

The Sydney Morning Herald in Australia. “Sydney renters in the inner city, eastern suburbs and northern beaches have reaped the benefits of a slump in the holiday rental market during the pandemic, as Airbnb landlords converted their properties to traditional long-term lettings. Researchers at the City Futures Research Centre at the University of NSW found the suburbs in Sydney with the greatest Airbnb activity before the COVID-19 pandemic also experienced the biggest drops in typical weekly rents during 2020.”

“‘It’s a good opportunity for those renters wanting a home,’ said Christopher Pettit, a professor of urban science. ‘But we were seeing a growing dependency on Airbnb as a second income to pay the mortgage, so these hotspot suburbs could also be more susceptible to mortgage stress.'”

“Rents in eastern beachside suburb such as Bondi, Bronte and Coogee have started to recover but are still lower than before the pandemic. Meanwhile, rents have declined for the second year in a row for inner-city suburbs, such as Elizabeth Bay, Potts Point, Darlinghurst, Surry Hills, Redfern, Chippendale, Newtown and Ultimo. The biggest fall is in Paddington, where median rent has declined 23.1 per cent since June 2019.”

“Trish Burt, the convenor of Neighbours not Strangers, a lobby group opposed to short-term letting in residential homes, said rents had fallen up to 25 per cent in the Sydney CBD where she lives, including one building where dozens of apartments had converted from short to long-term letting at the same time.”

“‘It’s opened up the possibility of essential workers, such as nurses and hospitality staff, moving in,’ Ms Burt said. ‘It most definitely decreases the amount of income that investors are earning, but they are still able to earn what is basically the primary use of that property, which is rental return for residential occupation.'”

From Kent Online in the UK. “‘Don’t worry about getting through the gates, they’re broken – like a lot of things here.’ It’s fair to say that quote was never on the brochure for The Hamiltons – a luxury development of 16 town houses off Upper Luton Road, which enjoys views stretching out across Chatham and Rochester and beyond from its hilltop vantage point.”

“Developers AMG Chatham Ltd no doubt began with the best intentions of bringing a touch of style and elegance to this corner of Medway, until they went into administration in 2019 and the dream community was left unfinished and abandoned. The gated entrance was designed to offer security and an air of exclusivity, but the intended ambience has long since faded – let down by a deteriorating driveway that spits gravel as my car hauls itself up the slope, wheels spinning momentarily on the rough surface.”

“Once up the drive the Hamiltons exudes an eerie quality – a row of 10 impressive three storey homes, smart and mostly finished, facing six half built homes – bare grey blocks that stand fenced off, cluttered with abandoned building materials and surrounded by signs warning you to keep out. The weeds have ignored them, and are slowly taking back the land outside.”

“Over at Number 1, owners Ashlee Hincks and Georgie Perkins are less optimistic. ‘It seems like they took over the site and purposefully ran it down to sell it on,’ says Ashlee, 32. ‘We reported this for months and months and they didn’t do anything to prevent it. We don’t want to be here. We’re hoping the developer will come in and do what’s needed but myself and my partner want to get away. At the moment we’re stuck. We can’t sell, and we can’t leave.'”

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This Post Has 106 Comments

  1. ‘Buyers who are offering $60,000 or less over asking are beginning to get the homes, compared to last month where buyers had to give at least $100,000 over asking to get the coveted key’

    The coveted key just had an expensive month for tha winnahs!

    I don’t get the REIC slobbering over asking price. It’s just a number they pulled outa their a$$.

  2. ‘We don’t want to be here. We’re hoping the developer will come in and do what’s needed but myself and my partner want to get away. At the moment we’re stuck. We can’t sell, and we can’t leave’

    Well, it was cheaper than renting Ashlee with two E’s

  3. Our NEA indoctrination mills are taking the lead – naturally – in pushing the two-tier society of the vaccinated and compliant (here’s your doggie treat) vs. the holdouts.

    ‘They are literally branding our kids’: Fury as teachers label unvaccinated students with black MARKERS ahead of prom at New Hampshire high school

    https://www.dailymail.co.uk/news/article-9684039/Fury-teachers-label-unvaccinated-students-black-MARKERS.html

    A school has come under fire for marking its students with a black Sharpie to signal their vaccination status at prom.

    High school students at Exeter High School in New Hampshire were marked unvaccinated and vaccinated with pen.

  4. According to a recent Bankrate survey, 64% of millennials aged 25 to 40 are facing regrets after buying a home compared with 33% of baby boomers aged 57 to 75.

    Millennials have officially surpassed the Boomers as the most worthless generation in human history.

    1. Don’t tell that to Vox Day. The idiot won’t stop yammering about Boomers and “The Day of the Pillow”

  5. ‘people might not be happy with what they got. This could be problematic as you cannot easily change your neighborhoods’

    Sure you can Hyojung. I saw it on Harry Potter!

    1. When millions of FBs walk away from their underwater shacks, changing neighborhoods is exactly what they’ll be doing.

  6. “Mark Hamrick, senior economist analyst at Bankrate, explained that as home prices have been rising nationally, there’s a risk that people have less flexibility with their finances, and the only way to mitigate that is to avoid paying too much or have sufficient emergency savings.

    Are these sheeple not paying attention to soaring inflation? It’s going to get real for the FBs who massively overpaid for their shacks when they have to choose between putting food on the table or paying their mortgage.

  7. ‘made an abrupt U-turn in the past three months, suggesting that the shortage of housing stock for sale that developed in some areas last year was short-lived’

    I’m pretty sure there are the same number of shacks in South Africa then as now.

      1. Who in his right mind would buy a shack in South Africa?
        I know it was a rhetorical question but: NOONE, absolutely NOONE!

  8. ‘‘It’s a good opportunity for those renters wanting a home…But we were seeing a growing dependency on Airbnb as a second income to pay the mortgage, so these hotspot suburbs could also be more susceptible to mortgage stress’

    That’s the spirit! Kick em while they’re down!

      1. Lots of people have rented their “rent control” apartments to a third party. Just another scam among the many in RE.

  9. ‘first hit the market at $115 million in 2013. It bounced between four brokerages, shedding millions of dollars from its price with each relisting’

    Chase that market down Steve!

    ‘A final cut to $29.5 million — along with signs of New York City’s comeback — brought results’

    Typical REIC reporting. 74% crater, it’s a comeback!

    1. A reader sent me two puddle watching links:

      ‘Completing a trifecta of collapsing Home Buyer Sentiment Surveys comes this one from Fannie Mother-of-Moral-Hazard Mae released last week’

      https://mobile.twitter.com/Not_Jim_Cramer/status/1404231040063864832

      ‘Confirmation Re Collapse in Housing Sentiment: Both Conference Board and University of Michigan are showing identical two month declines of just over 4 Standard Deviations’

      https://twitter.com/Not_Jim_Cramer/status/1404168295264129024?s=20

      1. Ghost town at open house I walked by this weekend. People have walked away. Sticker shock and not wanting to be a sucka

        1. Buyers balking at paying these insane prices means apogee for Housing Bubble 2.0. When the market psychology switches from FOMO to FOGS (fear of getting schlonged), the panicked stampede for the exits from recent buyers who overpaid and are now facing their financial Waterloo is going to be popcorn-worthy.

          2. Cry harder, snowflake.

            Enjoy the lifetime of incalculable losses you’ve brought on yourself, all for a few Instagram likes.

      2. ‘Both Conference Board and University of Michigan are showing identical two month declines of just over 4 Standard Deviations’

        Is that alot?

        (For those who are unfamiliar with the standard deviation, think 1000 year flood…)

      3. Dylan Ratigan of “tastytrade” with Jimmy Dore. What is going on? Blackrock? NAR? money printing? “The New Housing Crisis Is Stealing Homeowners Future”

          1. Well, they probably sell bonds to buy the shacks, and I’m gonna guess that the Fed buys those binds.

    2. This is yet another example of a time-tested priciple, which is that you can keep a home listed forever at above market value, or drop the price below market value and sell in a week with multiple bids. It’s all up to the seller to decide how much time he wants to waste before dropping the price to a level where a buyer is willing to make an offer.

  10. Follow the money sponsoring the commie termites in the foundation, and its always the same bankrollers and puppet masters.

    Radical leftwing NYC mayoral candidate Maya Wiley who warned about a ‘New York City built by and for billionaires’ received $500,000 from hedge-fund billionaire George Soros

    https://www.dailymail.co.uk/news/article-9682949/Maya-Wiley-received-500-000-hedge-fund-billionaire-George-Soros-bankrolled-decades.html

    Civil rights attorney, Maya Wiley, who is running as a candidate to be the next mayor of New York City, has been backed by Democrats who regularly speak out against special interests and big money in politics, yet she has worked for organizations that have been bankrolled by hedge-fund billionaire George Soros for decades.

    Soros has ties to Wiley that date back to the 1990s and last month he dropped $500,000 into an independent expenditure group, 1199 for Maya, that backs Wiley’s City Hall campaign.

  11. “…Mark Hamrick, senior economist analyst at Bankrate…” “…avoid paying too much or have sufficient emergency savings. ‘The No. 1 financial regret among Americans is that they wish they had emergency savings,’ Hamrick said. ‘You know, you look around the house and it’s just a series of things waiting to break…’”

    Mark Hamrick is saying that living paycheck to paycheck is a real drag.

    Overbidding? No problem. You’ll get over that one in about 30 years.

      1. “Broke and stupid is no way to go through life.”

        For some people it is the only life they know or will ever know or (believe it or not) it is the only life they WANT to know.

        You can’t fix stupid and you can’t permanently fix broke if it is connected to stupid.

    2. it’s just a series of things waiting to break

      But people see it as an appreciating asset, do as little as possible to maintain it, and try to offload it to a greater fool.

  13. Play stupid games, win stupid prizes.

    Driver ‘who was drunk or high’ plows into protesters and kills woman before he is pulled from car and beaten at site where armed black man Winston Smith was shot dead by cops

    https://www.dailymail.co.uk/news/article-9683583/Driver-plows-protesters-kills-woman-pulled-car-beaten.html

    A driver believed to have been drunk or high plowed into demonstrators protesting the shooting of a black man in Minneapolis and killed a woman.

    The man – who is white, and who police think was under the influence – was pulled from his car and beaten by the crowd before being taken away in handcuffs by police late on Sunday in the Uptown area of Minneapolis.

  17. ‘We reported this for months and months and they didn’t do anything to prevent it. We don’t want to be here. We’re hoping the developer will come in and do what’s needed but myself and my partner want to get away. At the moment we’re stuck. We can’t sell, and we can’t leave.’

    1. you’re never stuck: just ride the tide out.
      mind the rip current.
      hope the suits still on

  18. The charlatan Musk is Tweeting BitCON higher again, trying to juice TESLA’s speculative profits since he can’t make money on cars.

      1. Except that he’ll be fancy free with his bong pipe, thong sandals and a 1*10^9 bank account.

  19. This market is just a couple mainstream media headlines away from the plunge. Or a few more months of chipping away with the facts.

  21. Many prominent people are now openly questioning why the FED continues to buy MBS as they are the main driver of the housing bubble. The FED will never admit the truth, but they want hard assets. By buying all the paper backed by hard assets, they can actually steal the hard assets from the people. The FED is owned by the banks. Bankers are destroying the country from within.

  22. MUST READ/WATCH

    EXCLUSIVE: Defector Provides Evidence That the Chinese Military Orchestrated the Creation of COVID-19 and Lab Leak

    Pause for a moment and consider this. Our government now has additional evidence that a virus that killed 600,000 Americans, sickened millions more, nearly destroyed our economy, and inflicted untold collateral damage, was a bioweapon created by the Chinese military and deliberately released.

    I say “additional” evidence because the FBI has had some of this evidence for more than a year and the person who brought it forward has only been subjected to a thorough smear campaign for her efforts – which is highly relevant when attempting to understand the newest defector’s actions.

  23. A report from KRON in California. “Homes have sold for over $1 million over asking price. In the Bay Area, this was the case for a house in Mountain View which sold for about $5.5 million within days of posting. There was also a house in Berkeley that sold for $1 million over asking, after receiving a whopping 29 offers. But Redfin says the market is starting to cool down some. ‘Home purchase applications have been falling since late March and are now 7% below their average levels in January and February 2020, despite low mortgage rates and easing access to credit,’ the report said.”

    “Anyone who has been hesitant to enter the high stakes bidding wars can feel some relief about how much they can offer. Buyers who are offering $60,000 or less over asking are beginning to get the homes, compared to last month where buyers had to give at least $100,000 over asking to get the coveted key, RedFin real estate agent Candice Smith said.”

    – (Some) people have been whipped into a frenzy over buying a house, which would otherwise be a depreciating asset with high carrying costs. “The FOMO is strong in this one.”

    – Please. Let’s keep it simple. Whether you’re an “investor,” first time buyer, and future debt-donkey, or just buying “because,” Importantly, it’s a financial decision, and probably one of the biggest of your life unless in the top 10%.

    – Use capitalization rate, or “cap rate” calculations to see if buying makes sense. I’m so old, I remember the “rent-buy” decision to be worked through, but that’s so “old school” now.

    – Cap rate = NOI/Purchase Price. This can be simplified, but won’t be as accurate as Cap rate = (monthly rent x12=annual rent)/Purchase Price. NOI= Net Operating Income, and includes all expenses, vs. the rent-only calculation. The cap rate will be lower, and more realistic, using NOI in the numerator.

    – Using Cap Rates makes it a rational, non-emotional decision, and removes FOMO from the equation. Easy peasy.

    – A cap rate of 7-9% is a bare minimum level to purchase, IMHO. If you’re at 5% or less, don’t buy. Too expensive. This is supported by a recent recent NYT article (6/10/21) that says it’s cheaper to rent now that to buy (duh!).

    – So, in summary, listen to the REIC/UHS cartel and make the emotional, lizard brain decision, which you’ll undoubtedly regret in a month or two once all of the expenses start to kick in, or use your rational, logical brain and “do the math,” which will show buying a house right now is, to quote Paul Tudor Jones on stonks, “bat sh*t crazy.”

      1. Rental rates are half the monthly cost of buying and have been for years.

        The housing crime media is just getting around to letting everyone know that?

    2. – Source article link here.

      https://www.lendingtree.com/home/mortgage/comparing-rent-vs-owning-a-home-in-nations-largest-metros/
      Home LoansMortgage
      LendingTree Compares Renting and Owning a Home in the 50 Largest Metropolitan Areas in the U.S.
      Written by Tendayi Kapfidze Edited by Crissinda Ponder
      Updated on: May 19th, 2021

      To take a closer look at how the cost of renting a home differs from what it costs to own one, LendingTree compared monthly rental and housing payments for homes with and without mortgages in the 50 largest metropolitan areas in the United States.

      “In doing so, LendingTree found that renting is usually cheaper than owning a home — until a person has paid off their mortgage.”

      Key findings

      If you’re still paying off your mortgage, renting is cheaper than owning in each of the nation’s 50 largest metros. On average, renting is $606 cheaper than owning across the nation’s largest metros.

      New York, San Francisco and San Jose, Calif., are the metros where the spread in costs between renting and owning a home with a mortgage is the widest. In these three metros, it’s about $1,200 cheaper, on average, to rent versus to own a home while paying off a mortgage.

      Orlando, Fla., Tampa, Fla., and Indianapolis are the metros where the gap between renting and owning a home with a mortgage is the narrowest. In these metros, renters can save an average of $335 a month.

      San Jose, Calif., San Francisco and San Diego are the metros where the spread in costs between renting and owning a home without a mortgage (that is, a home whose mortgage is paid in full) is the widest. Owners in these three areas can save an average of $1,223 in monthly housing costs.

      Providence, R.I., Hartford, Conn., and Milwaukee are the metros where the gap between renting and owning a home without a mortgage is the narrowest. In these metros, owners who have paid off their mortgage can save an average of $260 a month.

    4. “– A cap rate of 7-9% is a bare minimum level to purchase, IMHO. If you’re at 5% or less, don’t buy. Too expensive. This is supported by a recent recent NYT article (6/10/21) that says it’s cheaper to rent now that to buy (duh!).”

      – Since homes like the one we rent currently go for nearly $1 million, mental math says our rent-only cap rate is 3.7%. With the landlord covering yard service and major repairs, the NOI-based cap rate is considerably lower. By your decision rule, renting is a no brainer.

      – However, anyone who bought a year sgo realized something like 25% appreciation, before considering leverage. Appreciation like that is plenty to cover closing costs, most likely leaving a sizable gain on whatever downpayment was required.

      – With gambling winnings of this magnitude available, and backstopped by the Fed, how can anyone afford NOT to buy?

      1. Plus at sub-3% interest rates it’s like literally free money and you’d be stupid to not take it.

  24. ‘The No. 1 financial regret among Americans is that they wish they had emergency savings,’ Hamrick said. ‘You know, you look around the house and it’s just a series of things waiting to break.’”

    Too many think monthly payment is the only cost. Waived contingencies? Good luck with financing that new roof at a higher rate. Or, fixing roots in the lines. Termites, little fellas will eat you out of house and home. Vacations???? Ha!!!!!! Good luck! But hey ya won an overpriced shack!

    1. “…Too many think monthly payment is the only cost…”

      That loud screaming noise you are hearing is when the new home’owner’ gets that 1st full property tax bill, or HO insurance premium, or discovers that the plumber uses ‘car in the driveway’ pricing.

      No problem getting that extra cash you need to pay the bills. Just make contact with Bugsy ‘no thumbs’ Malone and he will make sure you needs are taken care of.

      Sleep well at night now, because you life now depends on it.

    1. Multiple offers, bidding wars, waived contingencies, love letters to sellers.

      Almost like supply is not the only thing driving this market behavior.

    2. When everyone with spare change is grabbing real estate as the hot cake investing ticket to fabulous riches, there does naturally tend to be an effective shortage of inventory.

  28. “Too many think monthly payment is the only cost.”

    Don’t forget the expenses of alcohol, Xanax, pills, divorce lawyers, psychologists and whatever other psychotropic medications one uses when deep in hock to banksters to “get into a home”.

    1. … not to mention the wallet emptying depreciation at a rate of $4 per square foot per year…… year after painful year.

    2. There’s also the lost earnings potential due to the lost sleep and sick days due to the extra stress of having to come up with that crushing monthly payment, month-in, month-out, until your halcyon days of youth are exhausted…

  29. Saw this in ZH comments and thought of Boo:

    MSNBC: Make Sure Nobody Blames Communists
    CBS: Continuous Bolshevik Stream
    NBC: Nonstop Bolshevik Comrades
    ABC: All Bolshevik Comrades
    CNN: Communists Not News
    CNBC: Communists Not Bad Comrade
    CBC: Communists Broadcast Channel
    BBC: Broadcasting Bolshevism Continuously
    PBS: Paid By Soros
    NYT: New Yuan Times
    NPR: New People’s Republic
    WaPo: Washington’s Propaganda Organ

    2. And please keep using the Archive website to share links from these rotten dens of globalism. Globalists gonna globe, let’s stop giving them more money.

  30. The U.K. just extended its CCP Flu restrictions for *another* four weeks, because it is a cuck nation.

    Clown World gonna clown.

    1. The UK is being overrun by the Delta (Indian) variant. People with Delta shed more virus for a longer time. Shedding longer –> more contagious. Shedding more virus –> more inoculum –> cases are more serious. In only a couple months, Delta became 90+% prevalent in the UK.

      But the main problem is that Delta can escape the vaccine such that you need BOTH doses of the vaccines (+ two weeks) to have even adequate protection. In the UK, they’ve been giving the two doses 12 weeks apart (unlike 3-4 weeks like in the US). That is, there are a lot of people, many of the young, who are walking around half-vaxxed and unprotected from Delta. Therefore, you can’t really tell them “if you’re not vaxxed by now, you’re on your own” — not yet. They’re probably locking down to give time for the population to get that second shot.

      By the way, Delta is now 10% of US cases, and rising swiftly. The US is in better shape because more of us are vaccinated, and because we gave two doses at the 3-4 week interval which means more people had the full protection sooner. But I still expect a final wave of cases (likely not deaths) of Delta as the unvaxxed get immune through natural infection — especially in the low-vax South. Don’t worry we’ll get through this.

        1. Cases due to Delta have only just started to increase. Hosputalizations have started to kick up a little too.
          Deaths lag cases by three weeks. It will be a smaller wave, but the pandemic isn’t quite done yet. UK wants to prevent some deaths.

          1. Prediction: the rest of the Anglosphere will still be in lockdown by the end of the year.

  31. This possible bubble caught me by surprise, but now that I’m hearing that “it’s everywhere”, I’m back with my popcorn…

  33. Rep. Lauren Boebert Links “Suicide” of Author to “Clinton Crime Syndicate”

    by Adan Salazar
    June 14th 2021, 2:23 pm

    Posting a clip of one of Sign’s Fox News interview, Rep. Boebert on Sunday commented, “Why is it that so many who cross the Clinton Crime Syndicate end up dead?”

    In the clip posted by Boebert, Sign, 45, discussed how he returned to work at a local news station after he and his family had been receiving death threats over his book, “Secret on the Tarmac,” which exposed Bill Clinton’s secret meeting on the tarmac with former US Attorney General Loretta Lynch.

    “My family received significant death threats shortly after breaking this story,” Sign said.

    “Credit cards hacked. My children, we have codewords, we have secret codewords that they know what to do.

    “That’s why I came back to WBMA ABC 33/40 in Birmingham because when I was enduring the death threats it was my former Alabama football family and my teammates, my coaches who circled around me.”

    The book discusses how Clinton illegally met with Lynch to seek leniency in the Justice Department’s investigation into his wife, Hillary Clinton’s, private email server.

    https://www.infowars.com/posts/rep-lauren-boebert-links-suicide-of-author-to-clinton-crime-syndicate/

    1. The Clintons likely harbor a deep admiration of Vladimir Putin’s leadership survival techniques.

  34. Two videos have emerged that reveal what Chinese researchers were up to in Wuhan. One of them shows how bats were stored inside the Wuhan Lab. In the second clip, Peter Daszak can be heard explaining how Chinese researchers were manipulating viruses. Palki Sharma has more.

    https://www.youtube.com/watch?v=LFdGkAFvW2U

    1. There should be more media effort discussing China sealing-off Wuhan internally while maintaining International flights around the planet.

      1. Fox News right now is airing parts of an exclusive interview with Former CDC Director Redfield.

        1. Former CDC Director Redfield

          Worked with both the White House Task Force as well as the National Security Council. WH Task Force never questioned SARS-CoV-2 origin.

  35. According to the Worldometer website, that average American has been tests for Covid 1.48 times.

    That said, the average Dane has been tested 10.79 times.

  37. If renters feel awash in cash, due to not throwing all their money down the throat of a real estate alligator, just imagine the problem of sitting on a pile of $500 billion waiting for higher interest rates to happen!

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