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Fear Of Missing Out Fades Into A Prevailing Sense Of Wait And See

It’s Friday desk clearing time for this blogger. “In North Texas at least, the chief economist at redfin sees evidence of the market cooling off — at least a little. ‘We’re already seeing price drops happen. I think sellers have gotten a little bit over-eager with how much they are listing their homes for,’ Daryl Fairweather said. ‘And they don’t have that much power…they have a lot more power than they did in previous years. But at a certain point it just reaches a maximum temperature.'”

“More houses are coming on the market, real-estate experts said. For high-end properties in particular, inventory is increasing as owners who delayed selling during the worst of the pandemic list their homes. Owners who weren’t planning to sell have changed their minds after watching prices climb ever higher. Meanwhile, some deals made at the height of the frenzy have fallen through, while overpriced homes sit rather than getting snapped up immediately. ‘The sales market is not a frenzy anymore,’ said Andrea Ackerman, a real-estate agent at Brown Harris Stevens in the Hamptons on Long Island’s East End.”

“‘We all felt, 60 days ago, that we were literally going to run out of inventory,’ said real-estate agent Jonathan Boxer of Douglas Elliman in Aspen, Colo. ‘And then things shifted. We started bringing on some new sellers.'”

“Until recently Michelle and Dan Mannix thought they would never sell their country home in Orient village on Long Island’s North Fork. A house a few blocks from theirs sold in 72 hours for $2.5 million. ‘That was like, ‘Well, wow. What could you get for ours?’ That got our wheels spinning.’ They listed it in late May for $2.466 million. In mid-July, the Mannixes reduced the price to $2.196 million. There have been no offers yet, however, and Ms. Mannix said there is more competition than she expected, with new listings popping up after months when the tiny hamlet had virtually no homes for sale. ‘It felt like there was never anything, and now, since we put our house on the market, I’ve seen three or four really nice listings,’ she said. ‘For Orient, that’s a lot.'”

“There were 13 home listings on the market in Orient in late June, up 62.5% from the monthly average of eight listings the area saw over the past year, according to Realtor.com. In Montgomery County, where Potomac is located, 1,855 new listings came on the market in May, a leap of 49% from May of 2020, according to Bright MLS. High-end listings are more abundant in part because the investors who have been scooping up single-family houses tend to purchase inexpensive homes to maximize returns, said Realtor.com Senior Economist George Ratiu. Another factor is that some sellers are overpricing their homes—a phenomenon he referred to as ‘a make-me-move price’—but buyers are wary of paying too much, unlike earlier in the pandemic.”

“At mid-year, single-family homes in New Hampshire are selling faster and at higher prices than ever before. Home equity has risen $49,000 in just half a year. That’s the annual salary of many blue-collar jobs, the salary of someone who can probably no longer afford to buy a home. But there is a glimmer of hope for would-be homebuyers in the future. Some 2,445 new homes came on the market in June, an 8.8 percent rise from last year, and over 400 more than were put on the market in May.”

“A brand new condominium tower in Flushing is going up for auction in the coming months after its developers filed for bankruptcy last year. The Barclay Tower, a 7-story building located near Parsons Boulevard and 147th Street, will go up for bankruptcy auction on Sept. 14. The building, which is currently vacant, also features an open rooftop and 17 available parking spaces. ‘This auction presents an excellent opportunity for buyers to capitalize on Queens’ booming residential market,’ said Jeff Hubbard, a senior managing director at A&G, the firm auctioning off the property.”

“‘We see the market tapering off,’ said Georges Gaucher, general manager of Royal LePage Village in Montreal. ‘Price increases are not going to stop, but they’re going to slow down.’ For the costlier homes, price drops are possible. ‘There are some corrections happening,’ he said. ‘I’ve already seen price reductions on some properties listed at $1 million or more.'”

“Canada’s scorching hot housing market is starting to cool, as burned-out buyers shift their focus from getting more space to getting back to normal after COVID-19, and the fear of missing out fades into a prevailing sense of ‘wait and see.’ Home sales in Canada fell for the third consecutive month in June and sit 25-per-cent below March’s peak, though they still touched a monthly record, data showed on Thursday. The average selling price fell to $679,000, down 5.3 per cent from the March apex.”

“In Calgary, long-time agent Lowell Martens said the lull may be more about buyers sensing there is less competition and just taking some time off to ‘see what happens in the fall.’ While the pause has cooled things down, it does not feel like previous collapses, he said, with activity still strong in certain segments. ‘I think it will be a softer landing than we’ve had in the past.'”

“Sales activities slowed down but interest in property remains. Buyers are still inquiring but have mostly adopted a ‘wait-and-see’ stance due to economic uncertainties stemming from daily cases. This has prompted many agents and developers to adjust payment terms and offer discounts to spur buyers into action and close deals as fast as possible, with mixed results. Market observers initially hypothesized that the vaccine roll-out would reinvigorate confidence in the property market. This confidence has so far been slow to pick up in the months of the capital’s vaccine roll out.”

“Head of CBRE Cambodia’s Research and Consulting services, Kinkesa Kim provides nuance to this turn out, stating that COVID-19 has only highlighted the pre-existing issue of oversupply and the market is still in the process of adjusting to the new landscape. She further explains that current circumstances are paving the way for more carefully planned projects that take into account future needs of buyers/occupiers.”

“Housing prices have soared across the world in the past year, but a local research house sees little room for optimism in Malaysia. Research house Kenanga said in its latest report that the housing market would ‘continue to remain subdued even if we recover from Covid-19’ because of the relatively slower economic recovery from Covid-19 and a long-standing oversupply that began in 2015. ”

“The report said Malaysia’s oversupply started in 2015 when developers flooded the market with serviced apartments despite cooling measures imposed in 2014. Overhang units for serviced residences grew at a whopping compounded annual growth rate of 192% since 2015 till the first quarter of calendar year 2021. ‘This issue is unlikely to abate in the near term given the large amount of overhang and unsold-under-construction units still in circulation today,’ research house Kenanga said.”

“Pune’s real estate market has seen 17 per cent price correction in the last five years, according to Knight Frank’s half-yearly (H1) real estate report. The report revealed that price per square feet (sq ft) in the region has corrected from Rs 4,860 in H1 2016 to the present levels of Rs 4,010 in H1 2021, a price drop of Rs 850 per sq ft. In fact, Pune and the National Capital Region of Delhi have recorded the sharpest price correction in India in the last five years. One of the main reasons for this is the higher cost of land, which had driven up prices in real estate sector in these regions in earlier years.”

“According to the report, Pune currently has a total of 50,545 unsold units, the second highest inventory in recent years after H1 2016, when 55,215 units were unsold. ‘As the second wave of the pandemic began unfolding, the momentum dropped, with Q2 2021 registering a sequential drop of 72 per cent in volume of home sales and 87 per cent in new home launches,’ stated the report.”

“Suburbs with few houses to choose from and a high concentration of units suffered the most: Strathfield Council area had the highest rate of loss-making sales at 16.1 per cent with a median loss of $25,500. It was followed by the Parramatta Council area where 15.6 per cent of sales suffered a median loss of $50,000. Fifteen per cent of sales in the Botany Bay Council area recorded a median loss of $38,500 Agents in these areas said the oversupply of units when demand has dropped off due to closed borders was undoubtedly dragging down their local markets.”

“Devine Real Estate Strathfield’s Andrew Kazzi said while house sales have ‘gone through the roof,’ unit sales have not. ‘It would be apartments [recording losses] and it would be because rents have gone down anywhere from 10 to 20 per cent therefore the capital values have dropped,’ Mr Kazzi said ‘There are still investors looking in the market, they just are not paying what they were previously.'”

“Some Parramatta unit owners were selling for no gain a decade on, according to Jon Hayden of Laing+Simmons Parramatta. ‘If units aren’t priced right, they do tend to sit there when they reach the market. I’m finding some owners are owning for 10 years and virtually selling for what they paid,’ Mr Hayden said.”

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This Post Has 112 Comments

  1. ‘Price increases are not going to stop, but they’re going to slow down…I’ve already seen price reductions’

    Click!

  2. It’s clear the majority of these people have been speculating. Oh how the REIC said over and again, you gotta have a rate rise to stop the red hotcakes! Wrong again. There is not nor has there ever been a shortage of shacks. The HBB has again proven these a$$ hats to be greedy, ignorant fools who would sell their grannies for one more months commission. Let the UHS spanking of “greedy sellers” begin.

    1. I personally know a few people who ran out and bought an extra house this past year. Speculators indeed. I am almost ashamed to say that secretly I hope they lose their aszes.

      1. “I am almost ashamed to say that secretly I hope they lose their aszes.”

        I am not at all ashamed to hope that instead of losing their asses they end up parceling up their asses and sending these parcels to me each and every month for as long as they have any of their stupid asses left.

  3. ‘Malaysia’s oversupply started in 2015 when developers flooded the market with serviced apartments despite cooling measures imposed in 2014. Overhang units for serviced residences grew at a whopping compounded annual growth rate of 192% since 2015 till the first quarter of calendar year 2021. ‘This issue is unlikely to abate in the near term given the large amount of overhang and unsold-under-construction units still in circulation today’

    QE is deflationary.

      1. It’s everywhere. QE is a flood that reaches all all corners of finance, worldwide.

      2. In other countries mortgage interest rates are even lower than here, though they aren’t fixed rate.

  4. ‘I’m finding some owners are owning for 10 years and virtually selling for what they paid’

    Jon some of these clowns take a decade long 30-40% a$$ pounding.

    1. “‘I’m finding some owners are owning for 10 years and virtually selling for what they paid’”.

      “… owners …” “… owning …”

      What interesting terms. A bit deceptive but this is what makes them interesting.

      😁

    2. ‘…selling for what they paid’

      Which means in nominal terms, I’m pretty sure.

      Once you adjust for inflation, transaction costs, and HODLing costs, selling for exactly what you paid adds up to an azz pounding.

  6. ‘buyers are wary of paying too much, unlike earlier in the pandemic’

    Earlier buyers were gonna be rich! George. You’ve run out of those. At the same time loan owners are greedy and waiting for the peak of that sweet equity. Funny how this always happens at the same time. It’s like slapstick comedy.

  8. Moreover, the 93,331 lethal drug overdoses in 2020 are over five times greater than the combined 10,156 deaths and 7,729 injuries from worldwide Islamic terror attacks, honor killings, and Sharia executions recorded by the Religion of Peace website that tallies such casualties.

    https://www.breitbart.com/politics/2021/07/15/lethal-u-s-drug-overdoses-exceed-fatalities-in-worlds-worst-war-zones/

    but we have to blame Trump for everything https://www.breitbart.com/politics/2021/07/16/aoc-stands-with-black-lives-matter-on-cuba-turmoil-says-trump-era-restrictions-to-blame/

    1. “Some U.S. officials believe heroin from Afghanistan, the top opium-producing country in the world and a primary source of income for the Taliban, may also be contributing to the overdose fatalities in the U.S.”

      This statement has “CIA” written all over it.

      3. This statement has “CIA” written all over it.

        I’m seeing US Dept of Defense. Warmongers gonna monger.

    1. For what it’s worth we had friends over last weekend, they live in St George. It was an earlier than usual dinner because their realtor was doing an open house at their property. They got a call, before they went home, and learned that 2 offers had been made and both were over the asking price.

      A real-estate agent that I know told me that many homes in the area are being sold for over the appraisal value and that the buyers are covering the difference out of pocket.

      She also told me that many of the local buyers are cash rich from their California house sales.

      Home sales normally decline during the summer months here as it can get very hot. It will interesting to see how those particular sales numbers go this year.

      1. It is interesting how anecdotal experience does not align with the stats that are posted on moveto. I just checked my zipcode and it shows median price down 7%. Yet I know people who have received multiple offers over their asking price.

        It’s also showing median days at 92, yet the people I know got multiple offers over a weekend. As the robot in Lost In Space would say “does not compute.”

      2. “A real-estate agent that I know told me that many homes in the area are being sold for over the appraisal value and that the buyers are covering the difference out of pocket.

        She also told me that many of the local buyers are cash rich from their California house sales.”

        The best part about it? You believe it. 😂😂😂

    1. Usually I moan with some of these links because price is down but square footage is up. Past several days however the links you’re showing include steep square footage declines. Certainly lots of red!

      1. Learn to like them because you’re to see a lot more of them… here, there and everywhere else. You can bet on it.

  11. Peak insanity. This is what a market peak looks like …

    “‘We all felt, 60 days ago, that we were literally going to run out of inventory,’ said real-estate agent Jonathan Boxer of Douglas Elliman in Aspen, Colo. ‘And then things shifted. We started bringing on some new sellers.’”

    Lumber future prices reached a peak on May 7, which was 70 days ago.

    Lumber prices dive more than 40% in June, biggest monthly drop on record
    https://www.cnbc.com/2021/06/30/lumber-prices-dive-more-than-40percent-in-june-biggest-monthly-drop-on-record.html

    “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, one.” – Charles MacKay

      1. Lumber futures seem to be dropping straight down to fundamental value, which exceeds $0.

        By contrast, Bitcoin has massive support around $30,000, despite a fundamental value of $0.

    3. As we’ve been noting, housing is lumber futures in slow motion, lumbering towards a crater.

  12. Foreclosure.com sent me a street and a photo and I was able to track it down. Not sure if it’s pre or post foreclosure. Hoarders.

    $329,0003 bd2 ba1,908 sqft
    502 N Humbolt St, Williams, AZ 86046

    https://www.zillow.com/homedetails/502-N-Humbolt-St-Williams-AZ-86046/7371250_zpid/

    Date Event Price
    7/15/2021 Listed for sale $329,000 (+90.2%) $172/sqft
    Source: NAZMLS #186626
    9/19/2016 Listing removed $173,000 $91/sqft
    Source: Platinum Realty Network
    8/23/2016 Price change $173,000 (-8.9%) $91/sqft
    Source: Platinum Realty Network
    8/6/2016 Listed for sale $189,900 (+45.5%) $100/sqft
    Source: Platinum Realty Network
    10/20/2009 Sold $130,500 (-25.8%) $68/sqft
    Source: Public Record
    6/4/2009 Sold $175,857 (+32.2%) $92/sqft
    Source: Public Record
    11/26/2003 Sold $133,000 $70/sqft
    Source: Public Record

    This has cash out refi all over it. This 329k number is probably what they borrowed. I’m familiar with Williams. And 329 is just about as crazy as any loans I saw last decade. Look at that dump.

    2. The whole block is dump. And I can see the title of the Hoarders episode now: “Untimely death of Linda’s 94-year old grandmother drives her to hoard 500 suitcases.”

      1. Years ago, when I actually had tv, I tried to watch an episode of Hoarders. I couldn’t do it. These people are mentally ill, and the messes were disgusting on top of it.

        1. Many of the episodes are now on YouTube, if you can stomach it. Check the comment section first. If it’s too disgusting to watch, someone usually comments a warning.

        2. From what I have read, the mental health industry “cannot explain” why people are hoarders and that there is no treatment for it.

          Also, from what I have read, they know they are hoarders and are even ashamed of it, but can’t do anything about it.

          2. I like to flood with credit card applications.

            From what I have observed (I know a few) they like to buy junk that most people consider worthless, so they don’t have to spend a lot. They’ll buy worn tires that have maybe 5,000 miles left on them, or maybe a broken stove: “I’ll fix it and sell it!” (never happens). They love garage sales and thrift stores.

            I’ve also observed that it comes in degrees. Some live in utter pigsties with junk piled to the ceiling. Others only fill up the garage, etc.

          3. There are different flavors of hoarders. Some buy stuff from Amazon or QVC until they are broke and then shift to thrift stores and then shift to dumpster diving. Some like projects and dream about fixing stuff, and many are “artists” who collect junk for their “art” pieces.

            The most disgusting ones are the food hoarders and the ones who are just so mentally ill they can’t do basic house chores like throwing out trash. Many of the houses have broken plumbing or electricity. Those episodes are disgusting too.

            The worst ones are the ones who hoard pets, especially cats. And there are far too many kids who were exposed to all of that.

    3. “Hoarders.”

      One heck of a yard sale before they skip!

      “I’m familiar with Williams.”

      Wow, 6,800-ft elevation. I imagine the snow drifts there?

      1. The same night when it got down to 30 below at my house (near Snowbowl), this guy I knew who lived in Williams told me his pipes froze. I asked if he had left the faucets dripping. He said we was looking right at the drip when it froze and stopped dripping.

      2. Wow, 6,800-ft elevation. I imagine the snow drifts there?

        Depends on how much it snows. If it’s dry it won’t snow that much.

  13. You guys see the news about the partial roof collapse yesterday in an apartment building 12 miles from the big collapse in Miami? Love to be a fly on the wall in that condo market.

    We humans can pump up the values all we want; aging concrete and gravity may have other plans.

      1. One problem with investing during an inflating bubble is that fundamentals ultimately determine the value of investments. Once the magic pixie dust that blinded Miami condo investors’ eyes wears off, they are collectively going to perceive the unfortunately short expected future existence of the physical structures that anchor the value of their HODLings.

        1. [PHOTO OF A MASSIVE HEAP OF RUBBLE]
          The wreckage of the Champlain Towers South in Surfside, Fla.

          The Wall Street Journal
          U.S.
          Two-Thirds of Miami Condo Buildings Are Older Than 30 Years. The Repair Bills Are Coming Due.
          Many towers line the beachfront, where salt corrosion is speeding their decline; decision-making is often left to condo boards
          By Laura Kusisto, Jon Kamp,
          and Daniela Hernandez
          / Photographs by Maria Alejandra Cardona for The Wall Street Journal
          July 14, 2021 10:09 am ET

          Engineers say it can take just 30 years for condominium buildings to reach a point when owners can no longer delay making critical repairs.

          In the Miami region, two out of every three condo buildings are more than 30 years old, according to data compiled by real-estate data firm Zillow for The Wall Street Journal. In at least seven other Florida cities, some three-quarters of condo buildings have hit that age.

          Many of the aging towers line the beachfront, where salt corrosion and other forces are speeding their decline. That is leaving thousands of buildings saddled with multimillion-dollar repair costs—and little notion of how to pay for them.

          Investigators are still trying to determine the cause of last month’s collapse of the 40-year-old Champlain Towers South condominium, which left at least 95 dead. The property showed multiple points of strain, including eroded concrete and failed waterproofing at its base, according to a 2018 engineering report.

          It often takes as little as 20 years for many building materials, including stucco, windows and shingles, to reach the end of what engineers and building inspectors call their “useful life”—industry jargon for materials that need replacement or significant repair.
          …

          1. “Investigators are still trying to determine the cause of last month’s collapse of the 40-year-old Champlain Towers South condominium,…”

            I’ll go WAY out on a limb and conjecture that deferred maintenance requirements that nobody in the HOA wanted to pay for played a role.

            I wonder if the same problem is happening or lies in store for almost every other Florida beach community condo tower?

          3. I spent years around fresh water hydro-power plants and irrigation canals both featuring submerged concrete. The construction of long-life projects use epoxy-coated rebar and low-permeability concrete. Coal tar epoxy paints are used near road crossings like bridges and culverts to mitigate chlorides where de-icing salts are applied during cold weather. Coastal environments likely have their specific challenges, but it really boils down to appropriated capital budgets.

        2. One problem with investing during an inflating bubble is that fundamentals ultimately determine the value of investments.

          We’ve had 25+ years of FED distortions.

    2. “…12 miles from the big collapse in Miami?…”

      Florida is basically one giant sinkhole.

        2. So-Cal

          When the big one hits (which it will) its going to be a real mess.

          Best you can do is to survival prep carefully, be ready to be on your own for at least several weeks.

          Plunging real estate values is going to be the least of your worries.

  14. Los Angeles is reinstating the indoor mask mandate effective this weekend.

    Clown World gonna clown.

    1. Spoke with another vaxxed colleague in Clowinfornia this morning. He’s not going on vacation this year, because he’s afraid of the Delta variant. Told him of my plans. Him: “But you’re not vaxxed, aren’t you afraid?”

      1. More people are wearing masks now at Soopers and Safeway in South Denver than were a month ago.

        The sheeple are buying the fear narrative.

        1. the fear narrative

          Did we overlook the fact that it’s not deadly? Or that if there are no symptoms, you’re not actually sick?

          1. The first thing most who find out I’m unvaxxed aske me is why am I not afraid? There is no point explaining. Tell them the virus not deadly and they will insist that it is. Tell them the vaxx is dangerous and they insist it’s safe. Tell them it’s ineffective and they will deny that too.

      2. A ex-coworker has been trying to organize a get together at a restaurant. Almost everyone has politely said no. Here is an example from an email:

        “While vaccinated, we’re keeping contacts pretty limited what with the Delta variant of this pesky Covid thing. So I’ll pass this time around, hopefully to be there the next time.”

        Sounds like she thinks the not-vaxx isn’t any good.

        1. I’m allowing myself to pick berries and go on one more beach trip. Those are mostly outside. But for other stuff I’ll pop on a mask, for two reasons: (1) I want to wait for Delta to be prevalent because the symptoms of Delta on the vaxxed are headache and runny nose, which seems nicer than Alpha. I’m also waiting to see if J&J comes out with any new data as to whether a two-shot regimen would increase effectiveness against Delta. I know they were testing a two-shot regimen even before Delta, but they could easily do the Delta titer test on a couple of the doubly-dosed test subjects.

          1. go on one more beach trip. Those are mostly outside.

            I fear you will never fully recover from what they’ve done to you.

          2. Yeah, I’m debating about whether to just get the bad cold and get it over with. But I still feel like we’re close to some better J&J data.

          3. I fear you will never fully recover from what they’ve done to you.

            +1

            We went out and had a nice dinner tonight.

            In a restaurant.

            With other people.

            No masks.

            Life is too short to live in fear of some sniffles. So many more greater risks out there we don’t get paralyzed with fear over.

  15. Arizona State Senator Calls for New Election
    https://www.newsweek.com › News › Presidential election
    17 hours ago — “I call for the Biden electors to be recalled to Arizona & a new election must be conducted. Arizona’s electors must not be awarded …

    2. Personally, I think we just need to let the AZ audit prove fraud and start hanging these bashtards. The stuff coming out of Georgia should keep a hangman busy for weeks. I’m pretty sure Pennsylvania will top them all for election crimes.

      1. I don’t think it’s going to happen. Nobody is going to believe a Republican state politician. And how many Democrats are going to look at the evidence and say “gee, there really was fraud.”? Zero, that who. They’ll just close their eyes and convince themselves that somebody fabricated another Big Lie. Which they have already done multiple times. Even if Obama himself came out and said there’s fraud, he’d be instantly cancelled.

        I notice that the lab leak theory has gone back under the rug again.

  18. Here is a little news item that could also have an impact on housing via the nesting instinct. This is out of Hong Kong and will probably never see the light of day here. Chinese infant formula companies are planning for collapsing profits because women can’t get pregnant for at least six months after the jab.

    https://www.thestandard.com.hk/breaking-news/section/2/174200/China-Feihe-to-buy-back-shares

    Pfizer seeks emergency use authorization for booster shots 6-12 months after first treatment.

    https://www.cnn.com/2021/07/08/health/pfizer-waning-immunity-bn/index.html

    I see a vague oblique connection….but I just can’t connect the dots all the way. Hmmmmm. I’m thinking really hard. Ummmmm. I’ll post back later if I figure this one out. Maybe P Bear can put his whiz kid Asian math student on this one.

    They are going to have to shutdown the internet pretty soon. The plebs have access to too much information.

    1. Chinese infant formula companies are planning for collapsing profits because women can’t get pregnant for at least six months after the jab.

      “Can’t” as in “they shouldn’t” or as in they are infertile?

      1. “Chairman Leng Youbin, told a forum that sales will drop sharply in the coming one and two years since many women can not bear children within six months of xxxxxxxx vaccination, mainland media reported.”

        1. Here’s a fact-check article that says it was an mis-translation of the Mandarin. The chair of the formula company was saying that there is a belief among Chinese that they shouldn’t become pregnant after the vaccine, not that there is any medical evidence for it. They haven’t found any medical evidence yet. But formula sales will drop either way.

          https://leadstories.com/hoax-alert/2021/06/fact-check-there-is-not-guidance-that-women-can-not-bear-children-within-six-months-of-covid-vaccine.html

          1. Second translation:
            “from last year we saw a rapid drop of birth rate… and in this year it could be a free fall-style drop. From the current vaccination trend, many young couples believe that the vaccines would have an effect on the foetus.”

            Thanks for the article. Helpful to have a second opinion. The original story is from official Chinese news sources and translated by Chinese newspapers , not from Instagram as implied by the fact check But in fairness it does call into question the meaning of the original statement.

  19. This sums up my wishes for the owner of the Housing Bubble Blog and contributors past, present and future on this day July 16, 2021

    May you live a long life
    Full of gladness and health,
    With a pocket full of gold
    As the least of your wealth.
    May the dreams you hold dearest,
    Be those which come true,
    The kindness you spread,
    Keep returning to you.

    Author: An Irish Blessing

      1. “Gold? OK boomers”

        I believe that blessing goes back a lot further than boomers do but if you need something more current, instead of an Irish Blessing you can go with a NAACP Blessing…

        “Let’s deny this off-key band of people that are anti-education, anti-teacher, anti-equity, anti-history, anti-racial … anti-opportunities, anti-help people, anti-diversity, [inaudible], anti-science, anti-change agent, anti-social justice, anti-health care, anti-worker, anti-LGBTQ+, anti-children, anti-health care, anti-worker, anti-environment, anti-admissions policy change, anti-inclusion, anti-live and let live – let them die!”

        NAACP Vice President Michelle Leete

        VIRGINIA Published 5 hours ago

        ‘Let them die’: Fairfax NAACP, PTA leader attacks people who are ‘anti-equity,’ ‘anti-social justice’

        By Sam Dorman | Fox News

        https://www.foxnews.com/

        1. I’m not even going to try to answer that diatribe — from Leete, not from you. 🙂

          When I said OK boomer, I was being sarcastic. That Irish blessing is about “a pocket full of gold,” which is pretty darn fuddy-duddy. A more modern Irish blessing would wish you a private wallet full of bitcoin.

          2. “That Irish blessing is about “a pocket full of gold,”

            Hardly.

            That Irish blessing is about wishing someone a long and healthy life. It wishes you all the “gold” (Bitcoin, Federal Reserve notes, Euros etc.) you would ever need with hopes that having more money than you could spend was the least of your blessings (health, good home, family, friends etc.) It hopes that your dreams (goals in life, job, husband/wife kids etc.) happen for you. It assumes you are kind and help people out and that kindness comes back to you.

            It ain’t about “a pocket full of gold,”

            But if you insist I wish you a “wallet full of bitcoin” with hopes that your rolling eyes emoji’s and sarcasm don’t “Keep returning to you”.

          4. Gosh darn it, it looks like somebody got up on the wrong side of the bed this morning, but I’m a fuddy-duddy (an old fashioned term if there ever was one) so what do I know.

            Sarcasm is problematic online.

  20. Danger! Danger! A realtor is lying to John Mellencamp!

    John Mellencamp, 69, holds hands with his new girlfriend Natasha Barrett, 46, as they take a romantic stroll in Manhattan

    https://www.dailymail.co.uk/tvshowbiz/article-9794227/John-Mellencamp-69-holds-hands-new-girlfriend-Natasha-Barrett-46-stroll-NYC.html

    He ended his pandemic romance with the celebrity skincare expert Jamie Sue Sherrill back in January of this year.

    And things seemed to be going well between John Mellencamp and his new love Natasha Barrett as the couple went for a romantic walk in Manhattan’s Tribeca neighborhood on Thursday.

    The 69-year-old rock legend clasped hands with the 46-year-old realtor as they explored the city.

    1. “The 69-year-old rock legend clasped hands with the 46-year-old realtor as they explored the city.”

      Will she lie when it’s monkey-branch time?

          1. As of July 2021, John Mellencamp has an estimated net worth of $30 million.

            Funny how that works.

          2. As of July 2021, John Mellencamp has an estimated net worth of $30 million.

            Seems a bit low. Bruce Springsteen is worth over $500 million, and Mellencamp was hugely popular as well.

  22. This isn’t “gun violence.” This is vibrants being vibrants. No matter how much the globalist media tries to conceal and obfuscate hard truths, any thinking person can work out for themselves how Democrat-Bolshevik malgoverned urban centers are turning into dystopian hellholes where buying a shack or being a member of the tax base is becoming increasingly untenable.

    Shocking moment gang killer shoots dead a 21-year-old ‘Crips member’ on a CitiBike at point-blank range in broad daylight in Brooklyn as NYC gun violence rises 43% from 2020

    https://www.dailymail.co.uk/news/article-9794645/Surveillance-video-shows-baby-faced-man-killing-21-year-old-cyclist-broad-day-light-Brooklyn.html

    Surveillance footage captured the moment a young killer assassinated an alleged Crips gang member on a CitiBike in broad daylight on the streets of New York City.

    Pierrot Simeon, 21, was shot dead on Wednesday as he pulled up on a bicycle outside a bodega on Clarkson Avenue and East 53rd Street in East Flatbush, Brooklyn.

    1. No matter how much the globalist media tries to conceal and obfuscate hard truths

      South Africa’s recent descent into becoming Mordor should be a warning to all.

    2. “…young killer assassinated an alleged Crips gang member…”

      Glad it was a vibrant vs vibrant thang.

  23. Comrade Biden calls communism a “universally failed system.” Kinda begs the question: then why are you and your fellow Democrat-Bolsheviks pushing so hard to impose it on the U.S.? Also ironic: he’s considering US tech options to override Cuban government censorship, while these same creepy globalist tech giants are censoring conservatives and truth-tellers here in Biden’s America who challenge The Narrative.

    Biden calls Cuba a ‘failed’ state, considers US tech option to send internet services

    https://www.foxnews.com/politics/biden-calls-cuba-a-failed-state-considers-us-tech-option-to-send-internet-services

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