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They Are So Deep In The Hole

A report from 9 News in Colorado. “In many of the nation’s top housing markets, including Colorado, roughly one in five houses sold is now bought by someone who never moves in. ‘The fear is that the larger, corporate investors are buying up huge quantities of homes and taking them off the market and out of the inventory of homes for sale, which exacerbates the severe housing shortage that many cities have,’ Denver Gazette real estate reporter Rich Laden tells me. ‘They also pay cash and sometimes will pay way, way beyond a home’s market value.'”

From KSNV in Nevada. “Like many other real estate markets around the U.S., realtors in Las Vegas see a new element in play among many home buyers and sellers, ‘FOMO.’ ‘It’s ‘fear of missing out,’ said realtor Pam Junge, Chief Adventure Officer at The Junge Group in Las Vegas. According to Junge, FOMO is occurring in the current housing market when emotions begin driving big financial decisions.”

“For sellers, ‘they can still get a little too greedy and when they overpriced properties to the degree that it’s just beyond sensical anymore,’ Junge said. ‘Those properties could still sit on the market and get stigmatized.'”

“Her advice for buyers, go in strong with your mortgage money to cover the appraised value of the property, and have additional cash on hand to cover the difference between market value, which is the actual amount you’ll pay for the house.”

‘That’s hard for a lot of buyers to wrap their head around. The fact that, well, if it only appraises for this much, why would I pay this much?’ said Junge. ‘Well, you’re gonna have to pay this much if you want to be a homeowner, because there are a lot of other buyers out there with FOMO that you know are willing to throw an extra $25,000 on it so they know that they have a home to go home to at the end of the night.'”

From WRIC in Virginia. “Chesterfield County was the only locality in the region that saw a decrease in lot closings from the first quarter of 2020 to the first quarter of 2021. From April to May 2021, Home Building Association of Richmond CEO Danna Markland said that the county saw a 15% increase in the rate of cancellations. These were individuals who signed a contract for new a home several months ago and can no longer afford the home they intended to move into this summer. ‘We have reached a point where buyers are saying, ‘I can no longer afford this,’ she said.”

From KOIN in Oregon. “The Portland area remains a competitive housing market as prices continue to soar. Meme Loggins, a real estate agent with Redfin, noticed homes staying on the market longer than a week and that’s unusual given the last six months. Around Memorial Day weekend, Loggins said some things started to slow down like open houses. ‘Right now, we are kind of in a funky spot where we thought things would be blossoming into the summer season yet that’s not happening so much this year,’ Loggins said. ‘Now it seems a little more logical, a little bit better decisions being made. Maybe don’t go $150,000 over, maybe still to the $60-80,000 over and unfortunately that seems logical right now.'”

The Jacksonville Business Journal in Florida. “After a rapid depletion of the First Coast’s single-family housing inventory, the region has begun to stabilize during the previous three months, according to new data looking at the first half of the year. The number of residential building permits issued in May is keeping pace with the record-high number of permits filed this year, signaling the housing boom is still well underway. Since the end of March, the First Coast’s weekly average of available homes on the market has remained at about 3,200 residences.”

“The number of single-family residential building permits filed in May totaled 1,376 for Clay, Duval, Nassau and St. Johns counties, up nearly 75% since the May 2020 numbers, according to the latest data from the Northeast Florida Builders Association. The number was slightly lower in May than in April, a difference of about 30 permits — but May’s numbers were higher than any other month this year and beat all other May’s since the record was set in 2005.”

“Through the first five months of the year, the four counties that NEFBA tracks have issued 6,546 building permits. Compared to the first five months of 2020, this year has experienced an increase of more than 50%.”

The Commercial Observer on California. “Angelo Gordon and Townscape Partners have sealed a $231 million condo inventory loan for 8899 Beverly, an ultra-luxury project on Los Angeles’ Westside, Commercial Observer can first report. Tower Residences is now in the final stages of construction, and expected to be delivered in August. When completed, it will be the tallest residential building in the area, and offer residents unobstructed, panoramic views of Beverly Hills, the Hollywood Hills, the San Gabriel Mountains and Century City. Also approaching completion, Rosewood Houses will be delivered by December.”

From KGTV in California. “Commercial real estate analyst Gary London said the local market is off 20 percent from pre-pandemic levels. ‘The commercial markets are all distressed,’ he said. ‘There’s tons of availability for retail, for restaurants, for office space, and the that’s not going to cure itself instantly.'”

The Los Angeles Times in California. “Some regulations that have protected California renters from eviction during the pandemic are nearing expiration. The Lowery family in Antioch is one among many fretting over June 30. Jackie Lowery, who is retired due to health issues, lives with family members who were all laid off during the pandemic. None have been able to find work that will cover all the household bills, Lowery said. For now, unemployment checks have covered 25% of their rent.”

“Though property owners couldn’t specifically evict her over the 75% of rent she owes, in Antioch she can be forced to move if an owner wants to move in. ‘They are so deep in the hole,’ she said of landlords across the state, including hers. ‘They might say, ‘Hey, I just have to sell the property and get my money.'”

From Newsday. “As New York crawls back to normalcy after a 15-month pandemic lockdown, many are still hurting from its economic impact — including tenants who have lost jobs and landlords who depend on them for their rental income. Meanwhile, struggling landlords must deal with the increased financial pressure. Even before the pandemic, laws in New York have been trending away from landlords and in favor of tenants, notes Jim Clark, an attorney with Blodnick, Fazio & Clark of Babylon and Garden City.”

“‘With landlords unable to enforce their leases for over a year-and-a-half, many landlords are throwing in the towel and just want to sell,’ Clark says. If a landlord doesn’t have enough assets to pay their debts, another option is declaring bankruptcy, Clark says. ‘However, if the landlord has a big mortgage on the rental property, then they may not because the mortgage holder is a secured creditor,’ Clark says. ‘If the property makes enough money to pay the mortgage but not much else, then the mortgage holder can allow the landlord to keep it to satisfy the secured debt obligation.'”

“Another route some landlords are taking is to stop paying their mortgages. ‘This option results in the landlord’s credit being ruined and the landlord losing the house to foreclosure in the end, but for landlords who have an immediate cash flow need and are likely to lose the house anyway, this is an option,’ Clark says.”

From New York Magazine. “You recently wrote (for the Times) about people who were able to find good deals in Manhattan as it became temporarily cheaper during the pandemic. Is there a chance that superdense locations like that (of which there aren’t many in the U.S.) could remain in a strange place, housing-market-wise, for a while? Curbed real-estate reporter Kim Velsey: ‘Yes, I think that in places like Manhattan, there will continue to be a window of affordability (which is still not that affordable, just comparatively), in the residential and retail markets. There’s a glut of inventory that needs to get rented out before landlords can start demanding the kind of prices they’d like to.'”

From Toronto Storeys in Canada. “After months of fierce competition and a flurry of activity, Toronto’s once feverish real estate market is finally starting to show signs of slowing down. Offer fatigue, buyer frustration, and a lessening of urgency to purchase amid the pandemic have taken hold. As such, Toronto home sales dropped for the second straight month in May, as both buyers and sellers appeared to pull back from the frenzied pace that has made the housing market among the hottest in the country over the past 12 months.”

“John Pasalis, President at Realosophy Realty, has described the current state of Toronto’s housing market as ‘very slow and sluggish’ considering it holds just one month of inventory. Dorian Rodrigues, also a broker for PSR, said while homes are still selling, he’s seeing fewer offers than what he was seeing during the market’s peak. ‘The market is still strong, but there is an adjustment with the strategy behind pricing the homes, as opposed to just holding back offers for a bidding war. I believe this will be carried out throughout the summer until the fall, where we typically see an increase in demand and activity,’ explained Rodrigues.”

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This Post Has 123 Comments

  1. ‘sealed a $231 million condo inventory loan for 8899 Beverly, an ultra-luxury project on Los Angeles’ Westside’

    Annnd yer fooked.

    1. That 8899 Beverly is interesting. Looking at Google Maps street view – it was a 6 story residential with ground retail before and it still 6 story residential. Looks like it’s the same building (complete with same balconies) with just a major renovation.

  2. ‘described the current state of Toronto’s housing market as ‘very slow and sluggish’ considering it holds just one month of inventory’

    Yer a lion about that one month thing John.

  3. ‘the local market is off 20 percent from pre-pandemic levels. ‘The commercial markets are all distressed’

    Wa? San Diego is red hotcakes? All distressed?

    1. It’s pretty incredible how San Diego residential real estate has powered to all-time highs against the backdrop of economic collapse of tourism and related industries, such as commercial real estate.

    2. I got a cold call recently from an agency asking me if I was interested in buying commercial property in Los Angeles.

      On another note, covid cops are now going door to door in CA. Are you ready to have your medical history questioned on your door step by a pot head high school graduate with an IQ of 82?

      https://www.bitchute.com/video/4yffqWmYKrtv/

        1. Early this week, I got two voice messages two hours apart on behalf of my primary care provider asking me to call in. I did and they wanted me to schedule a physical. 🤔

  4. Chief Adventure Officer

    What the fook.

    ‘Meme Loggins, a real estate agent with Redfin, noticed homes staying on the market longer than a week and that’s unusual given the last six months. Around Memorial Day weekend, Loggins said some things started to slow down like open houses. ‘Right now, we are kind of in a funky spot where we thought things would be blossoming into the summer season yet that’s not happening so much this year…Maybe don’t go $150,000 over, maybe still to the $60-80,000 over and unfortunately that seems logical right now’

    Well that was an expensive few weeks Meme.

  5. When I bought in 2011, I was kind of shocked the appraisal fell short of my offer…and then nicely surprised when the seller decided to match the lower price.

    Turned out to be an important thing when I was forced to sell in 2014 due to my wife’s medical stuff, which paid off the bills (and got us back into rentals again after patiently waiting out the previous boom…grrrr)

    Can’t imagine having extra funds to sling around against appraisals.

    1. “I was kind of shocked the appraisal fell short of my offer”

      Apparently the envelopes got too fat to resist sometime right after 2011.

  6. This problem would go away overnight if the gubmint, including the Fed, stopped subsidizing housing price appreciation. Without government sponsored capital gains, housing investment
    at today’s stratospheric prices is a guaranteed loss.

    “‘The fear is that the larger, corporate investors are buying up huge quantities of homes and taking them off the market and out of the inventory of homes for sale, which exacerbates the severe housing shortage that many cities have,’ Denver Gazette real estate reporter Rich Laden tells me. ‘They also pay cash and sometimes will pay way, way beyond a home’s market value.’”

  7. By the way, WTF is going on with Fannie and Freddie? It is being lightly covered in the mainstream media as technical kind of news, but it has to be huge, right? The kind of impacts that are too sudden to be understood yet?

      1. The Financial Times
        Federal Home Loan Mortgage Corp
        US Supreme Court deals blow to Fannie and Freddie shareholders
        Biden replaces regulator following ruling that sent mortgage agencies’ shares plunging
        Justices rejected the argument that the Federal Housing Finance Agency exceeded its authority by engaging in a “profit sweep” in 2012
        Aime Williams and Kiran Stacey in Washington and Ortenca Aliaj in New York yesterday

        Hedge funds that have spent more than five years suing the US government to try to wring some value from their investments in the nationalised mortgage giants Fannie Mae and Freddie Mac were dealt a setback by the Supreme Court on Wednesday.

        Shares in Fannie and Freddie plunged by more than a third after the ruling, which threw out some of the investors’ claims that the US Treasury had illegally pulled more than $100bn of profits from the two companies.

        Fannie and Freddie, which guarantee a large share of mortgages in the US, have been under government conservatorship since their bailout during the housing market crash of 2008.

        Preferred shares in Fannie and Freddie were hit even more heavily by the ruling, the most heavily traded of them falling by more than 60 per cent.

        The Supreme Court justices rejected the claim that the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, had exceeded its authority under federal law by engaging in a “profit sweep” in 2012 to reclaim taxpayer dollars used to bail out the two firms.
        …

    1. from their website miami condoinvestments dot com,

      The spacious residences at Champlain Towers East feature open floor plans with views of the Atlantic Ocean, deep balconies, and floor-to-ceiling glass windows.

      The amenities at Champlain Towers South include a heated pool, hot tub, sauna, gym, BBQ area, and valet parking. Most importantly, Champlain Towers South offers direct access to the beach.

      Open concept!

  10. “Her advice for buyers, go in strong with your mortgage money to cover the appraised value of the property, and have additional cash on hand to cover the difference between market value, which is the actual amount you’ll pay for the house.”

    When Housing Bubble 2.0 bursts, millions of former sheeple are going to belatedly realize they should never have trusted lying mendacious realtors or the REIC’s MSM shills.

    1. “Go in strong with your mortgage money … have additional cash on hand”

      She must think that we reg’lar schmoes can print money like Blackrock. 🙄

      1. The fake news keeps telling me consumers are “flush” with cash thanks to those stimmies.

    1. It’s not about the President. This is for the entire country. That’s why it can’t stand. Starting Tuesday I’ve seen election fraud and rounding up the traitor videos all over u tub. they aren’t getting taken down at all. Somethings happening.

      I came across this earlier:

      Ask Dr. Nandi: CDC advisers to discuss heart problems in the young after COVID vaccination

      ‘Advisers to the CDC are meeting today to discuss reports concerning mRNA vaccines and rare heart problems in young people.’

      ‘The reports contain information regarding two types of heart inflammation – myocarditis and pericarditis. Now they may sound similar but they are not the same. And they affect the heart differently.’

      ‘Myocarditis is inflammation of the heart muscle. And pericarditis is swelling and irritation of the thin membrane surrounding the heart.’

      ‘Now the CDC has been tracking almost 800 reports. But not all are linked to the mRNA vaccines. As of May 31st, there have been 216 people diagnosed with one of these two types of heart conditions after getting the first shot of an mRNA vaccine. And 573 people have been diagnosed following a second dose. Over half of these people were between the ages of 12 and 24.’

      ‘In my opinion, I think the Advisory Committee on Immunization Practices will look at the data, discuss the benefits and risks and then determine that the benefits outweigh the possible risks for adolescents and young adults. And here’s why. Pediatric cardiologists have treated these rare heart conditions linked to the vaccine. And they’ve also treated young people hospitalized with COVID-19. And by far, getting infected with the virus should worry parents more than getting the vaccine.’

      ‘While myocarditis and pericarditis sound scary, most of the young people had a mild illness and their symptoms cleared up pretty quickly. But COVID-19 can be a long illness. And it can kill young people – thousands have died. And that’s heartbreaking because, with our vaccines, nearly every death from COVID is now preventable. That’s how effective the vaccines are.’

      ‘But unfortunately, a recent CDC survey found that 25% of young adults are skipping the vaccine. The top reason was a lack of trust in the vaccines. I get that, but I strongly disagree.’

      ‘Our vaccines were rigorously tested and were found to be safe and highly effective. And I feel pretty confident that the group of advisors to the CDC will stand behind the vaccines after reviewing the latest reports on these rare heart problems in young people.’

      https://www.wxyz.com/news/coronavirus/ask-dr-nandi-cdc-advisers-to-discuss-heart-problems-in-the-young-after-covid-vaccination

      1. ‘by far, getting infected with the virus should worry parents more than getting the vaccine’

        Let’s not beat around the bush. We are dealing with mass murder, going on for over a year now. That’s who is behind all this. They created the CCP virus. They released it, aided it’s spread. Initiated the lock downs to kill millions more. Prevented treatments that could have saved millions. This vaccine disaster is the final straw. Just how fooking evil do people need to be before we put a stop to them?

        1. ‘Our vaccines were rigorously tested and were found to be safe and highly effective’

          This is a gotdam lie. Why are they injecting pregnant women? We’ve never done that with an experimental drug – ever!

          3. I’d like to see some data on how much the COVID vaccines were tested compared to, say, the polio or mumps vaccines. Those were not perfect rollouts either.

          4. Perhaps it wasn’t feasible to maintain normal test protocols, given the impetus to roll out the vaccines at Warp Speed.

          5. I’d like to see some data on how much the COVID vaccines were tested compared to

            According to Dr. McCullough of Texas A&M Medical School, it was just 2 months, vs. 2 years for real vaccines.

          6. just 2 months

            There’s been so many deaths now, these things should never get FDA approval. Speaks to why no mRNA drug got approval in the past.

          7. “no mRNA drug got approval in the past”

            How many applied? IIUC this research is still very new.

          8. How many applied? IIUC this research is still very new.

            All the more reason to exercise extra caution.

            Now there’s yammering that all future vaccines will be mRNA.

            No, just no.

          9. IIUC this research is still very new

            HIV, rabies, Zika, flu, cancer. It was easy to find articles about this last year, now all that comes up in a search about “history” is how bright the future is. You may have better luck.

          10. I’m almost certain that these vaccines have not been demonstrated to be safe in pregnant women or safe for the unborn fetus. There simply hasn’t been enough time to do these kinds of trials. And the long-term side effects are also unknown. That’s why they are being used under EUA provisions–these vaccines would never be approved by the FDA with all of the adverse events that are being reported.

            Anyone who says that they KNOW that these vaccines are safe and pose no long term risks is just making things up or lying.

          11. Stating what is painfully obvious at this point: it is a social engineering agenda and it has nothing to do with science and health.

            If we argue against the central planners using science, we lose before we even start For them, science is just a political tool to enforce their will on us. If we start from the sanctity of free will, all their scientific machinations become moot.

          12. I’m almost certain that these vaccines have not been demonstrated to be safe in pregnant women or safe for the unborn fetus.

            Dr. McCullough mentioned that historically you don’t give anything to pregnant women that hasn’t been demonstrated over the course of many years to be 100% bulletproof.

          14. Moderna and Pfizer received preferential treatment because of their bureaucracy ties. The federal government assumed all financial and operational risks getting the products distribution ready. Clinical trials require time; there is no substitute or fast forward button. These products were not adequately tested and what data is available from other studies is concerning.

          15. We are unequivocally being lied to about their mechanisms of action and safety. Efficacy is also being gamed by those who know how to design clinical trials knowing the public won’t look past the publicized percentage.

        3. Its this constant cover up of the risks of these injections , that they know very well are not acceptable.
          Fauci started pushing the Delta variant strain, get your vaccine shot , a couple of days ago.

          Their willingness to do harm is beyond belief. What is it going to take to stop this ? You have lawyers trying to stop it , you have credible Doctors and Scientist trying to stop it, yet it continues.

        4. Just how fooking evil do people need to be before we put a stop to them?

          But I’m the bad guy because I want to execute FauXi, Comey and all of the traitors.

          1. And it doesn’t stop there, by the way. Guys like Jeff Bezos have been destroying this country for decades, waging an assault on Americans’ standard of living to line their own pocket. This guy should be beheaded in a town square somewhere, with his melon paraded around on a stake.

      2. A couple youtubers have been recommending the young men get the Astra-Zeneca or J&J vaccine, which are not showing the heart issues. It is believed that the blood clot issues can be almost entirely prevented by aspirating before injection. The jury is still out on how J&J protects against Delta and Delta-Plus variants.

        1. The jury is still out on how J&J protects against Delta and Delta-Plus variants

          The variant theme looks like a reach of fiction.

          One thing I’ve been looking for and haven’t found; if the mRNA therapies target the spike protein, do the so-called variants have different spike proteins? Not that logic has anything to do with any of this.

          1. Short version: yes.

            A “mutation” is a change in the DNA of the COVID virus. There are a lot of possible mutations, but on the spike protein, only 5-6 mutations appear to be chemically stable. Mutations have names like G484K or D614G. The other mutations fall apart, or destroy the virus, or make the virus less contagious so it doesn’t spread. A stable spike mutation is a worry if it makes the virus more contagious, more virulent, or allows the virus to escape the vaccines.

            A “variant” is a combination of one or more of these standard mutations. The Alpha (UK) variant has a contagious mutation. The Beta (South Africa) variant has a vaccine escape mutation. The Delta (India) has both mutations. So Delta is doubly contagious* and escapes vaccines, which is why it’s out-competing every other variant.

            Almost all of the vaccines target the spike protein. In fact, the vaccine IS the spike protein; i.e. the vaccine is just the spike piece, and leaves out the remainder of the virus so that it can’t replicate. Your body sees the vaccine spike protein and makes antibodies that recognize and fit that particular spike protein (plus adds some T-cell and B-cell memory). Then when your body sees the active virus, it recognizes the spike protein and attacks it so you don’t get sick.

            That’s why these spike protein variants are concerning. Your vaccine is designed for a spike protein, and your immune system makes antibodies to target that spike protein, and then the spike protein goes and CHANGES on you. You can only hope that the vaccine spike and the new variant spike are close enough that your body recognizes it.

            ———–
            *The word from UK is Delta is so contagious that one infected person can infect entire households. Masks and isolating aren’t working anymore. If one person is infected, you need to isolate the whole household, which near-impossible.

          2. OK. Thanks. Still, there’s this.

            The word from UK is Delta is so contagious that…

            No one is dying.

          3. Not quite.

            Delta is still killing people in India, simply because India has low levels of vaccination, especially for the vulnerable and elderly population. Delta is still as deadly,* but the real danger is the higher infectiousness. More cases –> more deaths. We don’t know about deaths in Britain yet because there’s a typical three-week lag between cases and deaths, and UK’s Delta wave started only a few weeks ago.

            Also, Delta is showing some vaccine escape. With the earlier variants, even one shot of the two-shot vaccines (Pfizer, Moderna, A-Z) offered protection. For this reason, UK decided to require that the shots be given 12 weeks apart instead of the original 4 weeks. Their reasoning was that 100 partially vaxxed people would spread COVID less than 50 fully vaxxed people+50 unvaxxed people. That strategy worked for earlier variants. However, not for Delta. The vaccines don’t protect against Delta until TWO shots.** Since the prioritized rollouts started in the UK in January, most of the elderly in the UK have been able to get two shots over three months. However, a LOT of younger English people are walking around with only one shot and vulnerable to Delta. So they are getting Delta because they aren’t fully vaxxed, but they are surviving because they’re young. Nevertheless, the UK delayed opening up, both to contain Delta and to give another month for more of the young to get that second shot.

            I’m not sure which pattern we’ll see in the US. We don’t have a lot of half-vaxxed people, but we have a lot more refusers of all ages. So I anticipate deaths in the unvaxxed US too. Well, they had their chance.

            ————-
            *There are indications that Delta is more virulent, but it’s hard to make that conclusion only in Indian data. We don’t know if any difference in death rate is due to the virus itself, or due to a population which is elderly, obese, or deficient in vitamin D, or just third-world conditions and medical care.
            ** And we don’t yet know whether the one-shot J&J is protective against Delta. I’ve seen a theory of 60%, which is consistent with other comparisons to A-Z.

          5. Per oxide
            A “mutation” is a change in the DNA of the COVID virus.

            It is not a DNA virus it is an RNA virus. I thought maybe after your last debacle you’d stop posting here on covid. But here we go again more rubbish.

          6. Delta is still killing people in India

            Less than 1,000 per day with some association to Covid like symptoms or a faulty PCR test, and still dropping like a rock. In a population of 1.4 billion, that’s a lot less than 1 in a million. Statistically, that’s essentially negligible, de minimus, zero.

            The push to keep people in a constant state of emergency is grasping at straws.

          7. The push to keep people in a constant state of emergency is grasping at straws.

            Given that people are still running out to get the clot shot, I’d say it’s working.

          8. I don’t remember the last debacle.
            Coronaviruses are single-stranded RNA viruses, that’s true. But other than that, what else did I get wrong? Do you have any insight for us?

          9. But here we go again more rubbish.

            oxide really needs to STFU. There is so much basic biochemistry she does not understand (e.g., codon degeneracy, amino acid abbreviations, how changes in the primary structure of a protein affect the secondary and tertiary structures of proteins). Two mutations does not make a virus doubly infectious. 🙄 And this is before we get to mechanisms of action in vivo.

        2. “The jury is still out on….”

          The Jury is in a kangaroo Court whereby Lady Justice is blindfolded and tied up .

        3. “It is believed that the blood clot issues can be almost entirely prevented by aspirating before injection.”

          Blood clots are caused by the spike protein itself. The molecular mechanisms and pathology have been conclusively determined and thoroughly described in recent publications,

        4. It is believed that the blood clot issues can be almost entirely prevented by aspirating before injection

          Believed by people who have absolutely no clue about the jabs’ mechanisms of action.

          1. Take a deep breath and try to relax. We all react differently to a tsunami of misinformation.

          2. I’ve reached my tolerance threshold for people speaking authoritatively while out of their asses.

      3. You’d think that there might be a pause on “A needle in every arm”. Heck no, the Centennial state is robocalling people to nag them to get the clot/heart attack/etc. shot (or should we just call it the kill shot?).

        The number of deaths being accepted is unprecedented. Something is very rotten in Denmark.

        1. You can’t trust any data produced by the government, drug companies or science/medical journals. It’s clear that there has been a massive effort to silence anyone and everyone who has an opinion, result or observation that is counter to the narrative. Data coming from foreign countries is even more suspect–what’s going on in Australia and the UK are pure “1984” dystopian nightmare stuff.

          Covid-19 has disappeared from States like California with it 38 million people. Epidemics don’t respond in “waves” like the waves seen in the ocean. That’s laymen’s nonsense. There’s no need to vaccinate everyone to stop the Covid-19 epidemic. The fact that Covid-19 peaked in the second week of January and then went into a steep decline demonstrates that the vaccine had nothing to do with the epidemic peaking and then falling.

          1. Data coming from foreign countries is even more suspect–what’s going on in Australia and the UK are pure “1984” dystopian nightmare stuff.

            My UK relatives seem more than happy to comply. When we chat with them on video call they seem appalled that we have removed almost all restrictions here.

        2. The fact that Covid-19 peaked in the second week of January and then went into a steep decline demonstrates that the vaccine had nothing to do with the epidemic peaking and then falling.

          Not to mention that states with low vax rates are also showing steep declines.

          Today’s fear porn headline was something like “almost all covid deaths are now on the unvaxxed.” Nevermind that the actual number of deaths is low and keeps falling.

          1. nothing to do with the epidemic peaking and then falling

            This is clear now beyond a doubt. We must ask then, why did we go through this. What was meant to be accomplished? How can we defend ourselves from the next steps toward this unspoken goal of those who believe they have unlimited power over us?

          2. How can we defend ourselves from the next steps toward this unspoken goal of those who believe they have unlimited power over us?

            What does one do when the majority will do as they’re told? All you can do is refuse. But what if the majority are told that they have to vacate their home to make room for a “reparations family” and they comply? What do you do when the gooberment, with guns, shows up at your door and tells you you have 72 hours to move out?

            As an individual its seems that the only thing you can do at that point is to have an exit plan, with funds hidden in a foreign country and the papers to get out of here and get into there.

          3. Then again, if depopulation is truly the goal, there will be shacks to spare. Maybe everyone can have 2 or 3 of them?

        3. “Someone once said that if you give up your freedom for safety, you shall have neither.”

          Some Benjamin Franklin Quote About Liberty And Safety
          https://wisdomquotes.com/liberty-safety-benjamin-franklin/

          (some snips)

          “Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety.” – Benjamin Franklin

          OTHER VERSIONS OF THE SAME QUOTE

          “Those who desire to give up freedom in order to gain security will not have, nor do they deserve, either one.”

          “Any society that would give up a little liberty to gain a little security will deserve neither and lose both.”

          “He who sacrifices freedom for security deserves neither.”

          Thomas Jefferson also said:
          “He who gives his freedom for safety gets none of them.”

          MORE BENJAMIN FRANKLIN QUOTES ABOUT LIBERTY, FREEDOM AND SECURITY

          “He that’s secure is not safe.”

          And, last but by no means least (Mr. Bankers current favorite) …

          “Whoever would overthrow the liberty of a nation must begin by subduing the freeness of speech.” – Benjamin Franklin

          And here we are.

      4. The elite and central planners don’t believe in science. The only principle they believe in is that we are inferior and they have the right to manipulate and rule us in any way they please. They will use science, propaganda, every sinister form of manipulation, and any degree of brutal force in this endeavor. When it serves their purpose, 2+2 will equal 4. When it serves their purpose, 2+2 will not equal 4.

    2. Eye Witness Account Of Probable Criminal Behavior By Happy Face Temp Employees (Financed By Stacey Abrams) During GA 2020 Election Cycle

      https://creativedestructionmedia.com/investigations/2021/06/23/eye-witness-account-of-probable-criminal-behavior-by-happy-face-temp-employees-financed-by-stacey-abrams-during-ga-2020-election-cycle/

      CDMedia broke the news last week how the Happy Faces Personnel Group is financed by Now Account, of which Democrat operative Stacey Abrams is an owner. Happy Faces was heavily involved in working elections in GA during the 2020 general poll and U.S. Senate runoff. We also reported how Happy Faces has infiltrated all levels of the Georgia state government.

      Below is an eye witness account of probable criminal behavior by Happy Faces personnel during the 2020 U.S. general election in GA.

    4. “Trump’s failure to extract the United States from the Syrian civil war was one of his biggest foreign policy pratfalls. Each time he sought to exit that quagmire, the Washington establishment and Deep State agencies pushed back.”

      Blue eyes?

  12. Sales of insanely overpriced, shoddily constructed new shacks fell “unexpectedly” last month. Unexpected by who? How many people in our oligarch-looted economy have the means to afford the mortgage payments on housing that is clearly nearing the blow-off top of a bubble?

    Prices of new US homes hit record high as sales fall unexpectedly

    https://www.aljazeera.com/economy/2021/6/23/prices-of-new-us-homes-hit-record-high-as-sales-fall-unexpectedly

    Sales of new single-family homes in the United States fell last month while prices continued to spike to record highs, with eager house hunters vying to become homeowners in a seller’s market.

    Sales of newly constructed single-family homes declined 5.9 percent from April’s revised level, the US Department of Commerce said on Wednesday, with 769,000 new homes sold.

  13. “From April to May 2021, Home Building Association of Richmond CEO Danna Markland said that the county saw a 15% increase in the rate of cancellations.”

    And just why was that?

    “These were individuals who signed a contract for new a home several months ago and can no longer afford the home they intended to move into this summer.”

    Say what? “Can no longer afford the home”? Bahahahahahaha … these puke NEVER COULD afford the home.

    (I just gotta post this quote again …)

    “Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.” – Charles Mackay

    And this is what we are seeing, a herd of totally dumbed-down ignorant pukes recovering their senses slowly, and one by one.

    But not to worry, they’ll still be around to jump all-in on the next mania.

    History, it rhymes.

    1. If I were a realtor working on commission I would do my best to employ every trick I could find in convincing my Newest Best Friend, a home buying puke, to hang tough and not back out of the sale.

    2. sooooo, what happens to the buyers deposit if they back out? full / partial / no refund? dependent on future sale?
      having never purchased a residence I have no personal knowledge of that factor.
      maybe it’s boilerplate contract law, but no details are ever given . . .

        1. I haven’t tried to buy a house lately, but I put myself into hock for one in the past. I never gave more than a grand in earnest money. I wrote “Offer contingent on my lawyer’s approval.” into my offers. I did have my lawyer write the “I do not approve” letter once. Quite effective.

        2. ahh yes good ‘ol nolo press. that’s a great resource. huzzah for mr. B!
          the next Nordies shoe-shine for those spats is on me.

          nevermind the stock advice.

      2. Unknown but here’s one thing for certain… If it involves housing, realtors, appraisers or mortgage monkeys… was crime involved.

        Right?

    1. Yet there were only 189 new cases yesterday in Tennessee, and if yo look at the new case chart there is no spike in new cases.

  16. Based on all the Utahns I know who are recent transplants from California, my guess is that the answer to the question posed in the headline is “Yes.”

    ‘Hyper-, hyper-competitive’ — Salt Lake area housing market is white hot, but are Californians to blame?
    Out-of-state buyers may be driving up demand, but the real issue is the supply shortage.
    (Francisco Kjolseth | The Salt Lake Tribune) A house is put on the market in Sandy in January. Utah’s housing market is exploding and many blame out-of-state buyers, including those from California. The truth behind the “hyper-competitive” real estate environment in and around Salt Lake City is a lot more complicated.
    By Owen Tucker-Smith | June 24, 2021, 5:00 a.m.
    This story is part of The Salt Lake Tribune’s ongoing commitment to identify solutions to Utah’s biggest challenges through the work of the Innovation Lab.

    Winter and Danesha Mead lived in California for almost a decade. They then hopped in an RV and traveled to a bit of everywhere before stopping in Salt Lake City.

    The Meads knew they wanted to live closer to the mountains, and Winter wanted to be “a tad” closer to the East Coast, where his family lives. They settled on the city’s 9th and 9th neighborhood — the area around the intersection of 900 East and 900 South — and were ready to place an offer on a home that had been on the market for two years. But that weekend, two other parties put down bids.

    “Something that we thought would be a slam-dunk ended up being a potential bidding war, and we ended up not getting that house,” Winter said. “It was very clear that all of a sudden it was an extremely hot market.”
    …

    1. I can see there is limited supply in a trendy location like 9th and 9th, but if you drive an hour southwest it’s empty desert with thousands of townhomes and SFH springing up.

      Daybreak is a ghost town on Saturday afternoons.

    1. Bitchute > YouTube.

      YouTube is owned by Google, which is a globalist corporation.

      Stop giving clicks to globalists.

    2. These Medical Boards and Agencies, and Big Pharmacy are threatening job loss , like the gangsters they are. The more Doctors that rebel like this good Doctor did , the more it will reach critical mass. Threatening peoples job or occupation is threatening their survival. These Doctors worked years to become Doctors and they are suppose to become dishwashers or something for speaking the truth. That’s the position these thugs have put the Doctors in to silence them . Fake news suppression of their voices.

      You see this job threat method to silence and muzzle people playing out in many jobs now.

      They will turn you into a pauper if you don’t go along with the agenda of mal practice medical harm.

      1. Its extortion, that the word for it. The Doctors/nurses are being extorted to go along with the narratives. There has got to be some kind of law against something like this.
        Bruce Springsteen is holding a Concert, and the unvaccinated are not allowed to go to it. Isn’t that discrimination toward a group? Its not like the unvaccinated are breaking the law in not wanting to take a experimental vaccine.

          1. Bahahahaha … I think the irony deeply embedded in this observation will be lost on most people.

          2. The key idea is that vaccinated people aren’t safe around unvaccinated people.

            Pure Clownworld thinking.

          3. And that vaccines are required because our immune system is incapable of handling this virus when those vaccines depend on that same immune system.

      2. These Medical Boards and Agencies, and Big Pharmacy are threatening job loss , like the gangsters they are.

        Denmark is reeking to high heaven these days.

  18. Denver, CO Housing Prices Crater 18% As Denver Homeowners Slip Deeper In The Debt Hole

    https://www.movoto.com/co/80206/market-trends/

    Remember…. as a noted economist stated so eloquently, “Nothing accelerates the economy and creates jobs like falling prices to dramatically lower and more affordable levels. Nothing.”

    1. Based on the goal to get 70% of the globe vaccinated, what happens to the 30%? Do they wear a mark of the unclean, denied all kinds of privileges? In some of these Countries they are headed toward 100% requirement to vaccine, and that would mean pregnant women and children.

      The one thing I can say about a buddy of mine that got the vaccine, he doesn’t think I should have to take it if I don’t want it. He thinks he’s protected against me because he took the vaccine. Little does he know that I don’t feel protected against him cause he might be shedding,

  19. Whispering bushes: Psssssst … hey buddy, wanna buy a house?

    Red-hot real estate market home to well-kept secrets with ‘whisper listings’ | Fox Business
    https://www.foxbusiness.com/real-estate/housing-market-whisper-listings-pocket-listings-real-estate

    (snip snip snip)

    “The red-hot housing market shows no signs of cooling off, and is prompting agents to sell homes off-market by using a controversial practice known as ‘whisper’ listings.

    “According to the same report that declared this record-breaking market phrase as ‘red-hot,’ houses are under contract, on average, less than a week after being listed. Real-estate listing company Zillow reported that, based on information collected during the month of May, houses are staying on the market just six whole days before being bought.

    “But mainstream listing companies aren’t home to every piece of real estate.

    “FOX Business’ Ashley Webster joined “Varney & Co” from Miami Beach, Florida, Thursday, to report on the ‘whisper listing’ phenomenon – an alternative sale method gaining traction, especially in the Sunshine State.

    “A whisper listing — referred to by some as ‘pocket listings’— is a residential property released directly to an exclusive broker who allows specific clientele to view the home. Pocket listings go up for sale, but aren’t listed on an area’s multiple listing service (MLS), a private database that real estate agents use to share information.

    “‘It’s all done behind closed doors… There is no publication, there is no public listing,’ Webster explained to host Stuart Varney.

    According to Redfin, the number of whisper listings has increased from 2.4% to 4.0% since November 2019 and shows no signs of slowing as listings continue to surge this year.

    “However, the practice is not always successful.

    “Webster spoke with real estate ‘agent to the stars’ Liz Hogan about an instance where a ‘whisper listing’ wasn’t effective.

    “‘It didn’t work, and so we put it on the market,’ Hogan told Webster. ‘Luckily, the market’s been appreciating dramatically in Florida as everybody knows — we’ve had multiple offers on the property, but he’s holding firm to his price.'”

    A marketing ploy at it’s finest: One has to be considered “in” before a product will be offered to him. Bernie Madoff (my idol) often used this ploy in sucking in his victims.

  20. Our first year apprentice didn’t know what Critical Race Theory is, so I summarized it for him and our foreman as “teaching white people to hate themselves, and encouraging non-white people to hate white people more.”

    I love working in a non-woke environment, where the truth can be spoken and shared.

    The Democrat Party is the party of white genocide.

    1. Critical Race Theory

      Derived from Critical Theory, a Marxist dialectic.

      The Architects Of Decline

      The rise of Cultural Marxism: A critical study of cultural Marxism and the Frankfuirt [sic] school. From VertigoPolitix.

          1. Chaotic surrealism is perhaps the best description of 2020-2021 that I’ve seen.

          2. Chaotic surrealism is perhaps the best description of 2020-2021 that I’ve seen.

            Clownworld 🤡 works for me.

      3. Mentioning https://neiliabiden.com/ again. The website design is difficult to navigate and some other weird stuff is there, but the info on Joe/Jill is…hard to summarize. I first remember hearing about Plugs Biden because of his plugs; he was roundly mocked for them at the time. He’s the ultimate case of failing upward.

    3. One day soon they’re going to find him stark nekkid on the streets of DC trying to start a fight with a lamppost.

    1. The Financial Times
      Cryptocurrencies
      Central banks step up fight against cryptocurrencies
      Battle for control of global monetary system escalates as BIS warns against private innovation
      A bitcoin ATM kiosk in Barcelona
      The Bank for International Settlements said in a report that bitcoin had ‘few redeeming public interest attributes when also considering its wasteful energy footprint’
      Eva Szalay in London
      June 23 2021

      Central banks have intensified their criticism of cryptocurrencies as battle over the monetary system escalates, arguing that digital tokens such as bitcoin have few redeeming features and “work against the public good”.

      In a report published on Wednesday, the Bank for International Settlements, the global body for central banks, also dismissed stablecoins — a link between crypto and conventional assets — as an “appendage” to traditional money.

      The strongly worded report was the clearest signal yet from central banks that they are ready to fight any effort to undermine their key role in the global financial system.

      Cryptocurrency prices are under pressure because of investors’ growing fear that they face increased regulation.

      Earlier this month the Basel Committee, the world’s most powerful banking standards-setter, called for tougher capital rules for holding digital assets.

      In its report, the BIS said: “Central banks stand at the centre of a rapid transformation of the financial sector and the payment system. Innovations such as cryptocurrencies, stablecoins and the walled garden ecosystems of big techs all tend to work against the public good element that underpins the payment system.”

      The BIS did, however, endorse the development of digital currencies backed by central banks, saying they could be a tool to achieve greater financial inclusion and lower the high costs of payments.

      “Central bank digital currencies . . . offer in digital form the unique advantages of central bank money: settlement finality, liquidity and integrity. They are an advanced representation of money for the digital economy [and should be] designed with the public interest in mind,” it said.

      Days ago Fabio Panetta, the European Central Bank policymaker in charge of developing its own digital euro, told the Financial Times that one of the project’s key aims was to combat the spread of digital coins created by other nations and companies.

      Authorities in several major economies including China have recently stepped up efforts to curb the growing popularity of bitcoin and its peers because of concerns that policymakers are losing control of a growing chunk of the financial system.

      The price of bitcoin fell to below $30,000 on Tuesday for the first time since January but later rebounded. In April it peaked at $63,573.

      “It is clear that cryptocurrencies are speculative assets rather than money, and in many cases are used to facilitate money laundering, ransomware attacks and other financial crimes,” the BIS said. “Bitcoin in particular has few redeeming public interest attributes when also considering its wasteful energy footprint.”
      …

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