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Some Sellers Are Getting A Little Frantic

A report from KDVR on Colorado. “The red-hot real estate market in Denver may be cooling off just a bit. New data shows there is more inventory available and the houses may not sell as quickly as they did in the spring. Miranda Streit said her six-bedroom house in southeast Aurora listed on Friday and they only had six showings in four days. ‘We are a little surprised,’ she said. That’s not what she and her husband were hoping for. ‘A couple of months ago, when our neighbors sold their house, they had a line out the door waiting to go in and out,’ she said.”

“‘Our market has definitely shifted in the last couple of weeks, significantly,’ said Kelly Moye, spokesperson for the Colorado Association of Realtors. ‘What we are seeing more now is three-to-four weeks on the market. We are not seeing the multiple offers like we used to see. There are some sellers who are getting a little frantic because they really thought their houses would sell in a day or two, and they haven’t, and so you might have a little bit more motivation there than what you had before.'”

From Fox 10 Phoenix in Arizona. “Some housing prices in Phoenix are pointing to a shift in the Valley housing market, recently known for its high prices as the population quickly increases. A housing analyst said a combination of buyer fatigue and more home sellers have led to a higher inventory of homes and that brings higher hopes for buyers. Now, there’s a ray of hope for homebuyers, says senior housing analyst for The Cromford Report, Tina Tamboer. She sees the housing market starting to cool in the Phoenix-area.”

“‘It’s the difference between 500 degrees and 300 degrees. Many won’t notice. That’s what we do,’ she said. Tamboer says subtle shifts, like more home sellers dropping their listing prices, specifically in homes over $400K, is what she’s starting to notice.”

The Boston Globe in Massachusetts. “After a frenzied spring, Greater Boston’s housing market is settling into something slightly closer to normal. The number of new listings climbed — perhaps as would-be sellers see sky-high prices and decide to take what they can get — and the bidding wars of this spring have faded just a bit, said association president Dino Confalone.”

“‘We think the market is poised to catch its breath,’ said Confalon. ‘We expect sales to slow and the run-up in prices to ease in the second half of the year, as the current level of activity isn’t sustainable.'”

The Dallas Business Journal in Texas. “Home sales in Dallas-Fort Worth are down 5.8 percent compared to last year — the third-largest decrease year-over-year in the U.S., according to RE/MAX. The results are another sign that the scorching North Texas housing market is slowing down, said Michael Coburn, broker/owner of RE/MAX Town & Country in Allen. Much has changed over the last 30 to 45 days in DFW, Coburn said.”

“‘We still see multiple offers on properties, however not on every home, as we saw previously,’ Coburn said. ‘If a house goes on the market and does not receive multiple offers within the first weekend and stays on the market over a week, buyers are not offering over the asking price and, in some cases, coming in with an offer lower than the list price.'”

“Only Billings, Mont., and Boise, Idaho, had larger annual sales decreases than DFW in June, according to the RE/MAX report. Buyers in DFW shouldn’t worry about a housing bubble, Coburn said. Instead, the sales decline signals the market is returning to a more normal state. ‘If you have not been able to purchase a home during the crazy spring and summer months, hang on,’ Coburn said. ‘The winter is coming and you will find it easier to be a buyer in this market.'”

The California used house salespeople. “Despite an impressive performance in the first six months of the year, the market momentum appears to be moderating with existing home sales dipping for the second month in a row, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said. ‘We’re starting to see what a difference just a slight uptick in inventory and listings can do to help lessen the buying frenzy and create a sense of normalcy,’ said C.A.R. President Dave Walsh. ‘The market is still extremely competitive, with 70 percent of homes selling above list price; however, the number of new listings increased in June, and both the share of listings with a reduced price and median reduction amount increased, giving buyers more opportunities to purchase.'”

The Long Beach Post in California. “You’ve got a million bucks? Big deal. Everybody’s got a million bucks. Hundreds of homeowners in town could liquidate their assets and be millionaires. Homeless, sure, but nevertheless millionaires. And then they could turn their lives around and buy a million-dollar house. Again, big deal. The entirety of the East side of town, from Belmont Shore all the way up to the Hawaiian Gardens border, is blanketed with million-dollar homes—that is, homes that are listed between $1 million and $1.25 million.”

“You go to LA, $4 million is nothing. It’s their equivalent of a $20 bill. You hand $4 million to a Los Angeles homeowner and they buy a car with it or give it to their kids. I recently saw a listing for a mansion in LA where the seller had reduced the price by $100 million. Reduced! But in Long Beach, $4 million or more buys the best, which is why Realtors always say Long Beach is the most affordable seaside community around. You’re never going to see a property in this town where the price will be cut by $100 million.”

“You can see a price cut of a million, though. The owners of what could still wind up being the most expensive home sold in Long Beach, an off-water mansion at 93 Giralda Walk in Naples, recently knocked a million dollars off their list price of nearly $9 million, so now they’ll consider nearly $8 million. And it certainly hasn’t deteriorated in the 134 days since it hit the market.”

The Globe and Mail in Canada. “151 Inglewood Dr., Toronto (Moore Park). Asking price: $4,125,000 (May, 2021). Selling price: $4,020,000 (June, 2021). It drew in nearly three dozen visitors, but no one reappeared the evening of the offer date. Luckily, the next day, a buyer worked out a $4.02-million deal.”

“‘There was a property listed at the same time on the same street – but further in on a coveted lot and at a lower price – and they had an offer date and did not receive any offers,’ said agent Dino Capocci, ‘and another one was listed for multiple offers and did not receive multiple offers either, but it sold close to list. So, I do feel the market is cooling quite a bit.'”

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This Post Has 109 Comments

  1. The crater is piling up. I’ve got to pause in the next day or two and catch up on the CRE crater.

    ‘It’s the difference between 500 degrees and 300 degrees. Many won’t notice. That’s what we do’

    Probably not the best statement in July Tine.

    ‘subtle shifts, like more home sellers dropping their listing prices, specifically in homes over $400K’

    Phoenix is a sweltering sh$thole and you guys are fooked and you did it to yerself.

    1. “Phoenix is a sweltering sh$thole and you guys are fooked and you did it to yerself.”

      With a bit of help from their friendly lender. 😁

      Ignorance + gobs of borrowed money = financial suicide.

      The lenders supplied the money (for some hefty fees 😁) and the borrowers supplied the ignorance.

    2. You have to be a total moron to live in Phoenix. It’s like choosing to live in the Mojave desert. Fook that.

  3. ‘Only Billings, Mont., and Boise, Idaho, had larger annual sales decreases than DFW in June’

    Like the New Mexico sh$tholes with huge price run ups, this didn’t happen last decade.

    ‘The entirety of the East side of town, from Belmont Shore all the way up to the Hawaiian Gardens border, is blanketed with million-dollar homes—that is, homes that are listed between $1 million and $1.25 million’

    Blanketed? That’s some shortage! Remember a few years ago when the OC Register announced, “a third of our shacks are luxury!” meaning some range of overpriced.

    ‘We’re starting to see what a difference just a slight uptick in inventory and listings can do to help lessen the buying frenzy’

    So why such a big change, all across the world really, with this “slight uptick”? Cuz the market is crawling with speculators. And they turn on a dime if they think they’ll lose money. End users wouldn’t behave like this. UHS says “but they are wanting to end use dammit!” Maybe so, but the only reason people would buy at these prices is if they expect to sell for more. Living there or not.

    1. Long Beach – the “LBC” – place was rough as hell in the 80s and 90s and the subject of rap and rock songs (Sublime).

      Gov Gavin Newsom was there today giving a press conference on crime. He doesn’t REALLY care because he support DA George Gascon who won’t even prosecute crime anymore.

      Oh and Hawaiian Gardens sounds nice, but it’s a real $hithole. Except for the coastal area and Belmont Shore most of Long Beach is a dump – I know because I have a side gig there in an office park where we were told not to leave the gates after dark. I had to run to Best Buy once and the closest one was Compton – with almost everything locked down or behind glass – and this was years ago before the crime spiked.

      Long Beach shouldn’t be “blanketed” with million dollar homes.

  6. ‘Jane Doe queried data from CMS medical claims, and has determined that the number of deaths occurring with 3 days of injection with the Vaccines exceeds those reported by VAERS by a factor of at least 5, indicating that the true number of deaths caused by the Vaccines is at least 45,000. She notes that in the 1976 Swine Flu vaccine campaign (in which 25% of the U.S. population at that time, 55 million Americans, were vaccinated), the Swine Flu vaccine was deemed dangerous and unsafe, and removed from the market, even though the vaccine resulted in only 53 deaths.’

    https://americasfrontlinedoctors.org/files/alabama-preliminary-injunction/

    1. As I’ve said, I don’t use the word evil lightly. This isn’t about politics. We are dealing with mass murderers. Lots of them.

        2. Have a shifty at “Unintended Consequences” by John Ross then go visit you local resident Democrat politician.

      3. These Entities that rigged the Election in 2020 have already shown their true colors of evil and willingness to kill, destroy, and harm for this One World Order Dictorship .
        You can tell by their ongoing false narratives that they view American Citizens as the enemy they have to defeat, like any invading force views their opposition.
        Censorship of news , Medical Tyranny of epic harm to control populations, looting of tax dollars to filter money to these treasonous hijackers of this Constitional Republic.
        At this point I think the entire Panademic was a fraud to get a vaccine in every arm and use lockdowns and Medical Tyranny to advance this takeover.
        Fake tests to declare a Panademic, in which there was no justification for Global lockdowns over the risk group. Fake footage from China that they had a novel virus that they were trying to hide.
        A fraud that 600 thousand died of Covid by the bribery and extortion of Medical system to lable all deaths Covid. Refusal of the Medical System to treat so called Covid patients with life saving drugs , in favor of 90% death rate respirators.
        Total suppression of life saving drugs so that the only solution would be experimental vaccines.
        Censorship of Dr. Groups that had a high success rate of treatment with drugs. Censorship of credible Scientist and Drs who disputed the Panademic, and the experimental vaccines. Now a big cover up of the adverse reactions and deaths by the vaccines, with a false narrative that the unvaccinated are causing a surge in cases.
        False narrative of Delta Strain to justify new lockdowns , vaccine passports , and the useless masks. And, the fake Covid Panademic was used to make it easier to rig the election and control the public .
        Now they are just outright fraudulent in Fake news about the vaccinated getting Covid after being vaccinated, blaming it on the unvaccinated. You must have a booster shot.
        They aren’t going to stop this epic Medical Fraud .
        Its my belief now that the so called Covid virus never existed, and that’s one of the reasons that the bulk of the population, including children weren’t getting it.
        Seriously, do you really think that if a novel virus hit on a Panademic level that it would only target old people , that 80% usually die from respiratory failure as decades show.
        But, the false narrative of the non sick younger group being the super spreaders, all confirmed by a fake PCR test. So if you get the common cold or anything it will register positive on that fraudulent test .
        If you had a real Novel virus you wouldn’t need a fake test to up the case numbers.
        And how did they create the vaccines, since the virus has never been isolated . They used a China provided computer simulation adding in the sequences ( whatever this means).
        Computer projections that millions in US were going to die, which didn’t turn out to be true.
        IMHO, the Covid Panademic was a total fake job, not to say that some toxins weren’t released here and there to mimic respiratory disease.
        If a bio weapon of a virus nature was possible , don’t you think this would of been used by now. Even toxic poisons dissipate .
        Its all evil and they are willing to kill innocent people for their objectives.

    2. Complaint, pp. 58-60:

      161. Virtually all scientists, including Dr. Fauci, agree that any PCR test run at a CT value of 35-cycles or greater is useless. Dr. Fauci has stated:

      What is now evolving into a bit of a standard is that if you get a cycle threshold of 35 or more that the chances of it being replication competent are miniscule…We have patients, and it is very frustrating for the patients as well as for the physicians…somebody comes in and they repeat their PCR and it’s like 37 cycle threshold…you can almost never culture virus from a 37 threshold cycle. So I think if somebody does come in with 37, 38, even 36, you gotta say, you know, it’s dead nucleotides, period.” In other words, it is not a COVID-19 infection.

      A study funded by the French government showed that even at 35-cycles, the false positivity rate is as high as 97%. Despite this, a majority of the PCR tests for COVID-19 deployed under EUAs in the United States are run at cycles seemingly guaranteed to produce false positive results. Under the EUAs issued by the FDA, there is no flexibility to depart from the manufacturer’s instructions and change the way in which the test is administered or interpreted. The chart below shows that all major PCR tests in use in the United States are run at cycles of 35 or higher.
      (chart of manufacturer’s recommended cycle thresholds omitted)
      162. There is, however, one GLARING exception to this standard. THE CDC HAS STATED THAT ONCE A PERSON HAS BEEN VACCINATED, AND THEN AFTER VACCINATION THAT PERSON TESTS POSITIVE FOR COVID-19 USING A PCR TEST, THE CDC WILL ONLY “COUNT” THE POSITIVE RESULT AT 28 CYCLES OR LESS! Why the difference? More recently, the CDC has announced it will no longer compile and report data showing the total number of vaccinated who subsequently contract COVID-19: “[We are] transitioning to reporting only patients with COVID-19 vaccine breakthrough infection that were hospitalized or died to help maximize the quality of the data collected.”8 There appears to be an agenda to protect the myths about the vaccine, rather than to protect the public.

      1. One way to make an educated guest about false positives would be to take data on how many cases were asymptomatic, pre-symptomatic, or symptomatic. But I doubt anyone took down that data.

        1. take data on how many cases were asymptomatic, pre-symptomatic

          And how exactly would you know to take data?

          1. I was thinking to simply ask people what symptoms they are having when they take the test. The false positives would of course be asymptomatic cases. I haven’t thought it through, but I’m sure there are some statistics in there, especially if the test facility is reporting to CT numbers.

          2. IIRC, only symptomatic participants were tested. I’ve heard/seen it suggested that the clinical trials may not have been as blind in practice as in theory given the side effects. Symptomatic and vaccinated participants may not have been tested to inflate efficacy.

          3. I haven’t thought it through

            False positives were intentionally generated by high cycling. This was obvious 15 months ago, and I posted about it then. Of course you haven’t thought it through. If you had you’d be rather angry (er).

          5. Also the person could of had something other than Covid, like the regular flu, pneumonia, a cold etc. and still test positive. Its not like the test determined what the person had.
            And if someone ended up in the ICU, it was all labeled Covid, where the Medical system was bribed and given what 39k if it was a Covid case.
            And you heard the testimony of Drs that these people were deprived of meds that could of saved them.
            And the Drs that started treating with meds were censored .
            So, it all began with the deliberate use of that inaccurate PCR test to fake a Panademic , so they could get emergency use authorization on their stupid experimental vaccines and be able to lockdown, while they stole the election right in front of our eyes.

          6. Also the person could of had something other than Covid, like the regular flu, pneumonia, a cold etc. and still test positive. Its not like the test determined what the person had.

            I’m not sure this is accurate but I’d have to do a lot of digging to get all of the sequences and primers to align them to see what region is being amplified and detected. I frankly don’t have the time or that level of interest.

      2. clinical trials

        I must have misread, I was looking at Paragraph 161 and thought the subject was the general population, not the vaccine trials. Yes, the main vaccine trials only tested subjects if they reported a symptom.

        The language and syntax in Paragraph 162 seems rather unbecoming of an educated attorney. But the point is valid; the CDC has definitely changed its focus from infections to hospitalizations. And I think the government (CDC? NIH?) has made the risk calculation to allow this disease to simply run its course. Let the vaccinated get mild cases, let the kids get mild cases, let the vaccine refusers get what they’re asking for, let the immunocompromised apply for Reasonable Accommodation, and get back to life. Even Britain threw in the towel.

  7. Take note, Republicans. Any Establishment GOPe cucks who cravenly refuse to support this effort to see the law applied impartially have self-identified as globalist stooges who need to be replaced by candidates who will fight back against the corrupt status quo.

    GOP Colorado Rep. Lauren Boebert demands Justice Department explain why Capitol rioters are being charged and jailed while BLM rioters who attacked federal buildings are NOT

    https://www.dailymail.co.uk/news/article-9809941/Lauren-Boebert-demands-DOJ-explain-Capitol-Hill-rioters-treated-differently-BLM-rioters.html

    Outspoken Rep. Lauren Boebert of Colorado is among a group of House Republicans demanding the Justice Department explain what lawmakers say is different treatment of the Jan. 6 Capitol Hill rioters compared with those who attacked federal buildings during Black Lives Matter protests last year in the wake of George Floyd’s death in Minneapolis.

    In a letter, Boebert and 10 other Republican representatives asked US Attorney General Merrick Garland address what they called an ‘inconsistent application of the law with respect to rioters across the country.’

    2. Oh for God Sakes of course the PCR test was the basis of this Panademic fraud. And I don’t think the suppression of drugs that worked for the deadly respirators helped with the death count either.
      The thing that is screwing them up right now is they are getting to many adverse reaction from their vaccines as well as to many vaccinated people getting Covid. They will just do censorship cover ups and continue to lie on fake news.
      The fact that they want to police communications between people now shows their desperation in keeping the fraud going. In Australia they are actually telling people they shouldn’t talk to each other.
      They need to be stopped.

  9. How many “anti-government extremists” are being stage-managed by the FBI?

    Were Gov. Gretchen Whitmer’s would-be ‘kidnappers’ victims of FBI entrapment? How feds had at least TWELVE informants in Michigan militia gang who ‘ENCOURAGED’ bizarre failed plot

    https://www.dailymail.co.uk/news/article-9808203/Michigan-militia-men-accused-trying-kidnap-Governor-Whitmer-claim-FBI-set-up.html

    The FBI has been accused of encouraging and assisting a Michigan militia with their alleged plot to kidnap Governor Gretchen Whitmer, with court documents showing the remarkable depth of involvement of multiple informants.

    Fourteen people have been charged so far after an October 2020 sting operation on the ‘Wolverine Watchmen’ militia.

  10. Observations:

    I thought I read somewhere (maybe here at HBB) Boise was the last city to go up in the last ’07 bubble and the first to go down (LIFO).

    This guy predicts cities in Idaho and Utah will be the first to go down
    https://youtu.be/yeWzdN0AJ0o
    – read the comments under the video

    Went to CA/Disneyland 2 weeks ago (we lived there and had passes for 4 years so we know what the crowds are typically like). We didn’t get to the park until 10AM (Opens at 8). There were still plenty of people, just not shoulder to shoulder crowds. There were 20 to 40 minute wait times but we were done going on all our favorite rides by 2pm. Weird. Around 2pm, we were waiting in line for some star wars ride and we were chatting with a crew member (he was in his late 60’s and looked and acted like he was a successful professional that probably recently retired and went to work at Disneyland). I said, “we’re glad the park has re-opened. When will you be back to full capacity?” Crew-menber says, “we’re not sure. We couldn’t re-open at full capacity even if we wanted to. 50% of Disneyland employees won’t come back to work!”
    50%!!! What the?! 50!! Disneyland is probably the largest employer in Anaheim. This nation has problems… There were help wanted signs eveeeerywheeeere we went. We stayed at 3 hotels between Utah, Vegas and California – Hilton and Hyatt types. Each hotel told us our room won’t be cleaned because we don’t have enough staff.

    Anyone else notice that home prices went waaaay higher since March? The government could’ve ended the eviction ban and mortgage forebearance at the end of March per their original plan and everything could’ve started to normalize already. Seems like “kicking the can” will cause an even bigger bubble burst.

    1. 50% of Disneyland employees won’t come back to work!

      I’m sure the unemployment is better than what they were getting paid. I never expected UBI to be $1000 a week. Whatever happened to unemployment bennies expiring after 26 weeks?

      1. The labor shortage in this country could probably be a blog of its own. I’ve got barrels of popcorn stored up for this one.

        It’s another one of those things that should have been completely predictable, yet somehow no one saw it coming. Doubtless the UI is a big factor, but I also think it’s related to the low birth rate and the fact that wages have been stagnant for so long while everything else has been going nuts– stocks, real estate, crypto, etc.

        And this may not be a popular viewpoint, but I think another factor is the example being set by the indolent New Deal/WWII generation, who have hoarded the vast majority of this country’s wealth and seem to expect everyone else to be their serfs.

        1. In the absence of the CovidCrime payments, there is no “labor shortage”.

          There are 120 million unemployed working age adults in the US.

        2. the indolent New Deal/WWII generation

          Those 90 year olds are certainly a low energy bunch, more or less.

          2. Slackers. “Work old horse, or you will not eat.” Gotta get going on choosing a mountain side to be left on (if I get a choice.)

        3. indolent New Deal/WWII generation

          I never thought I would read that. Isn’t that the generation that grew up during the Depression, survived WWII, and built the interstate highway system? I wouldn’t call them indolent. And they are all in their 90s by now.

          As for hoarding wealth… if truly indolent people are going to be getting money for nothing* then maybe we should hoard the wealth that we worked for.

          ————
          *and their chicks for free.

          1. 76+, to be precise. And many have been “low energy” for decades now. Draining ~14% from each and every working person’s paycheck, and screeching “Don’t you touch my Social Security, sonny!!!” whenever anyone proposes a slight change in the COLA formula. Not the best of role models IMO.

          2. Well LVG…. there’s one way to solve that problem equitably…. Cut everyone a check for their contributions and shut it down.

            Problem solved.

          3. When I think WWII generation, I’m thinking about people who fought in the war, abroad and on the homefront. They would have been born ~1920, teenagers during the Depression, 18-30 or so during the war, and spent the next 30+ years making America great. Hmmm, the youngest of them would be 100.

            You might be thinking about the Silent Generation, who are now age 76-90 or so. War-wise, they were pretty lucky. They were kids during WWII, teens during the Korean war, a little too old for the Vietnam draft, and parents of Gen X. They were were middle-aged in the 1980s. I guess these are the ones yammering about SS and Medicare.

          5. Yes, exactly

            I’m still wondering if this is your parents that you hate so. Did you grow up with them in the house? How did that play out for you as a kid? Last time I asked you went and hid.

        4. “….indolent New Deal/World Warll generation….

          Some people would say that this generation that went through the Great Depression, and fought World War Two, and built up USA after the War, might be the only generation that is worthy of praise. It should be obvious who has looted, stolen, and horded the wealth. Same Entities that are trying to take over the USA currently.

          These treasonous Entities have always been the culprits in the looting of Societies. They would love for you to buy into racism warfare, or generation warfare.
          Each generation was screwed more than the one before them in terms of having rigged systems designed to loot each generation more and more.
          The Government and these Entities have been undermining the USA, from around 1980 onward.
          Who voted for the transferring jobs and manufacturing to China, while it gutted the US?
          What Government interference created prices to skyrocket. What debt creation caused a fake wealth creation. The Government stopped being a Government for the people a long time ago in favor of these Entities that are taking over the US and other Countries right now.
          You saw what happened to Trump when he tried to pushback on the plans for this takeover.

          I would be the first to notice how each generation was looted more and more. Of course its the net result of the corruption of Government by these Entities. Part of the problem was no matter how one voted Government was the pawn of these Entities and they would get what they wanted.
          Look at what happened to JFK when he wanted to break up the deep State.
          Know who your enemy is, and it certainly isn’t the World War 2 generation.

          1. Well clearly there are good, bad, and mediocre people of every generation. What fries me is when people are automatically assumed to be heroes and saints simply by virtue of their birth dates. It’s like some sort of Marxist concept of looking at people in terms of their class rather than as individuals.

            You can see it in the comments here. Oh, this generation built the highway system. Oh, they fought the war and suffered through the depression. But most people had nothing to do with building the IHS (assuming that was even a good use of resources, which is another debate altogether). And most of the people alive today in that generation were like 3 years old when WW II/GD I ended, they didn’t even know what was going on, much less suffer any hardship.

            But government programs and culture and society seem to assume that all people of that era are automatically gods, exempt from the usual human requirements to be constructive, build relationships, or even be polite to the younger generations. You can just take money from working people’s paychecks, no questions asked. And that is not right IMO.

            It also has to be said that the New Deal/WW II types have had the longest periods of working capacity and the most opportunities to influence the politics and culture of any of us, and therefore they bear the lion’s share of responsibility for the current state of affairs in this country. Their lack of moral leadership is even worse than the economic inequities between the generations.

          2. “Their lack of moral leadership is even worse than the economic inequities between the generations.”

            Indeed. Well said!

          3. It’s like some sort of Marxist concept of looking at people in terms of their class rather than as individuals.

            Says the poster who just blanket butt-pounded not only an entire generation of Americans (no looking at individuals there, oh no precious), but the WRONG generation, simply by the vice of their birthdates.

            Go to bed and try again tomorrow.

            And yes, generation matters. Go read Malcolm Gladwell’s “Outliers” book. He talks all about how some birth dates are better than others, and affects someone’s life successes, in all careers from IT to hockey to law.

        1. The World War II Generation.

          Not giving credit to a generation for what they endured or what they accomplished is wrong.
          That generation is not responsible for the corruption of the current Government, or the brainwashing in the school system , and the covert infiltration from within .
          That generation was a hard working group , down to earth and would never go for this nonsense of Marxism.
          All generations that followed that generation couldn’t hold a candle to them in terms of morality, work ethic and hardships . I call the generations that followed that generation the most entertained , under the spell of TV, brainwashed , in la la land stupid asses that have ever roamed the earth. You can’t blame people who were born 80 to 100 years ago for the mindset of the younger generations today.
          The younger people have to take back what that generation delivered , because I can assure you that your not going to like Commie Dictorship by a bunch of monopolies or a One World Order that is sinister.
          That generation faced Hitler and Japan , after being robbed by the Great Depression. Whoever is alive today faces Entities that are as evil as Stalin and Hitler.
          And while younger generations are into the blame game they are foolishly buying into the fraudulent narratives.
          Don’t be stupid , the enemy wants you to turn against anything but them. And you won’t realize it until they get the full power they have planned.

          1. Oh, and that’s another thing that’s interesting. I have never seen so many generations have such a inflated idea of their worth in all realms. But , all current generations have to take back what was delivered by the Greatest Generation.

  11. “… the most expensive home sold in Long Beach, an off-water mansion at 93 Giralda Walk in Naples, recently knocked a million dollars off their list price of nearly $9 million…”

    Go for it.

    Naples has 1 access route to clogged traffic (via 2nd street), to narrow, cracked concrete streets that were laid out in the 1920’s.

    Just a few sun drenched miles to East Anaheim Street, with some of the worst crime in Long Beach.

    Naples was constructed over reclaimed marshland.

    Only a few feet above sea level. Not the place to be with the big one (earthquake) hits.

    Who’s kidding who?

    2. “Naples was constructed over reclaimed marshland.”

      “Only a few feet above sea level. Not the place to be with the big one (earthquake) hits.”

      Yep …

      “Surrounded by the wetlands of Alamitos Bay, where the San Gabriel River discharged into the sea, Naples was in 1903 only an ephemeral island inhabited by ducks and other waterfowl. At low tide, water lapped at its sandy banks. At high tide, it completely submerged the land.

      “The island’s marshy character did not deter Arthur M. Parsons, an experienced developer, from envisioning an Italianate village in the middle of Alamitos Bay. One of many Southern Californians who fancied the region as a sort of Italy-on-the Pacific, Parsons dreamed of red-tile roofs and canals teeming with gondolas and other pleasure craft.

      “After an engineer’s secret tests confirmed that the land could be improved, Parsons raised $500,000 from investors, bought the site from the Alamitos Land Company, and on Aug. 23, 1905, began work on the development. Construction crews excavated canals around and through the island and, with the help of concrete walls and dredged-up sand, raised the island above the high-tide level. Railway baron Henry Huntington joined as a lead investor, routing one of his streetcar lines through the area. By 1906, a few houses fronted streets with Italian names.”

      From Marshland to Italian Village: The Creation of Naples, Long Beach | KCET
      https://www.kcet.org/shows/lost-la/from-marshland-to-italian-village-the-creation-of-naples-long-beach

      “Soil liquefaction occurs when a saturated or partially saturated soil substantially loses strength and stiffness in response to an applied stress such as shaking during an earthquake or other sudden change in stress condition, in which material that is ordinarily a solid behaves like a liquid. In soil mechanics, the term “liquefied” was first used by Allen Hazen[1] in reference to the 1918 failure of the Calaveras Dam in California.”

      “If the pressure of the water in the pores is great enough to carry all the load, it will have the effect of holding the particles apart and of producing a condition that is practically equivalent to that of quicksand… the initial movement of some part of the material might result in accumulating pressure, first on one point, and then on another, successively, as the early points of concentration were liquefied.”

      “The phenomenon is most often observed in saturated, loose (low density or uncompacted), sandy soils. This is because a loose sand has a tendency to compress when a load is applied. Dense sands, by contrast, tend to expand in volume or ‘dilate’. If the soil is saturated by water, a condition that often exists when the soil is below the water table or sea level, then water fills the gaps between soil grains (‘pore spaces’). In response to soil compressing, the pore water pressure increases and the water attempts to flow out from the soil to zones of low pressure (usually upward towards the ground surface). However, if the loading is rapidly applied and large enough, or is repeated many times (e.g. earthquake shaking, storm wave loading) such that the water does not flow out before the next cycle of load is applied, the water pressures may build to the extent that it exceeds the force (contact stresses) between the grains of soil that keep them in contact. These contacts between grains are the means by which the weight from buildings and overlying soil layers is transferred from the ground surface to layers of soil or rock at greater depths. This loss of soil structure causes it to lose its strength (the ability to transfer shear stress), and it may be observed to flow like a liquid (hence ‘liquefaction’).”

      https://en.m.wikipedia.org/wiki/Soil_liquefaction

      1. Buoyancy of soils particles as well as rip-rap also contributes to soil instability. Thinking back to tricky test questions: Imagine a bucket of water resting on a floor scale, and suspended overhead is a hanging scale that has a concrete block suspended by a cord that is long enough such that the brick is submersed in the water but not touching the bucket’s bottom. With initial dimensions and mass given what are both scales now reading?

          1. The floor scale with a bucket of water has an initial reading, and the hanging scale with a concrete block suspended below it also has an initial reading. When the block is lowered into the water but not touching the bottom what will happen to both scale’s readings?

          2. The distribution of the weight recorded by the two scales will change but their combined weight will remain the same.

            The buoyancy of the brick will subtract weight from the top scale and this subtracted weight will be added to the bottom scale.

          4. In a geotechnical lab we did this with clay, sand, aggregate, etc., to understand retaining wall design. Adequate drainage for the given soil was pertinent.

  12. Oh, one more thing. While in Ca, we were out to dinner with one of my besties Tuesday 7/7/21. Her brother works for Wells Fargo. He does all the home loan defaults/foreclosures analytics. He tells my friend (his sister), “there are sooo many unpaid home loans and it’s going to be bad.” Her brother says employees all around him have been getting laid off because when loans aren’t paid banks lay off. He’s scared too, even though he’s valuable right now since he’s the guy crunching the foreclosure #’s. It was so weird when the very next morning 7/8/21 the news about Wells closing credit lines hit the media
    https://www.google.com/amp/s/www.cnbc.com/amp/2021/07/08/wells-fargo-is-shutting-down-all-personal-line-of-credit-accounts-.html

    Makes me wonder what’s really coming and how bad it’s really going to get.

        1. 👍🏻 Her diary along with Hunter’s emails and homemade porno was on gtv.org last fall, a real sh!tshow.

    2. Northside Chgo here. I’ve never seen so many signs begging for help in this area.. More homes are going up for sale sometimes I go through the town on my bike and see 2 homes with for sale signs right next to each other. People are spending money like drunken sailors.. I love the anecdotal that you’re listing. It makes me save even more and be happy for what I have at this moment. I don’t feel this will end well.
      I recently took a trip to Bloomington normal Illinois. The town is very quiet during the summer.. Most hotels were filled even though the rooms were way over priced. Hes surprised. Same thing at the Ramada they would not clean the room but every 3 days due to lack of staff.

      1. hello northsideChicago,

        I remember 2007 around Los Angeles and the suburbs, there were 4 sale signs everywhere… nearly every street.

        There was no shortage of homes – only a clogged up supply line which seems like it’s about to let out a flood. Bring it!….

        1. “…There was no shortage of homes…”

          Here in SoCal (Orange County), plenty of homes are available.

          To say there is a home for sale shortage is like saying there is a shortage of sand in the Sahara Desert .

          People are getting antsy.

          My general sense from many coffee conversations is that right now is playing out to be a once-in-a-generation opportunity to cash out.

          Even here in Newport/Irvine how many households can *really* afford a $3mm, $4mm, $5mm (or more) home?

          This whole area is living off of fake money and has been for years. It’s just now the fakery has reached all time levels of absurdity.

    1. “Elvis sightings have more credibility than anything NAR has to say.”

      At least Elvis had some real talent.

  14. Those Texas Democrats had Corona and Miller Lite on that private jet they took to D.C.

    Five Texas House Democrats who traveled to Washington, D.C., have tested positive for coronavirus

    Author: The Texas Tribune, Janelle Bludau, Allyson Waller
    Published: 7:54 PM CDT July 18, 2021

    WASHINGTON — Five Democratic members of the Texas House of Representatives who traveled to Washington D.C. last week have tested positive for the coronavirus, according to the Texas House Democratic Caucus.

    https://www.khou.com/article/news/local/texas/texas-house-democrats-washington-positive-coronavirus/285-9d91c1df-91b5-4414-a9ef-61d62ed12109

  15. The stock market is off to the races again after one blip. What was that, anyway? Now the headlines are that investors are “bargain hunting,” gobbling up cheap stocks. Cheap? HAH!

    2. “Now the headlines are that investors are ‘bargain hunting,’ gobbling up cheap stocks.”

      They have been successfully Pavlov-trained to always buy the dip.

      Here’s hoping the money they are using is from HELOCing.

      😁

    1. Lambda’s in TX.

      I sometimes wonder if these variants are being deliberately introduced. In theory, you can’t fly back into the US unless you test negative for Covid. Or are illegals bringing it in?

      1. Oh, and the CDC is monitoring more than 200 people in 27 states for possible exposure to monkeypox after they were in contact with a Texan who contracted the rare disease in Nigeria earlier this month.

        1. Please don’t mistake my alerts as fear on my part. I’ve been living my life as best I can and unmasked as much I can amid the insanity.

          1. They are doing their best to stir up a new wave of fear. Too bad for them that hospitalizations and deaths are not rising.

          2. Oh no, don’t tell me monkey pox is some back up Panademic plan. A disease from the Congo that has smallpox type symptoms , with about a 10% death rate. Disease has been around for a long time going back to the 1950’s. Not very many cases per year in US usually.
            200 cases would be unusual based on normal amount of cases per year.
            Don’t tell me this is the back up Panademic . I would not put anything pass them.

          3. Here’s a two-pager fact sheet on Monkey Pox from the WHO. It was published in 2020 but written in summer 2019.
            Main deets:
            R0 is estimated around 2
            Need a continual exposure to animals to sustain transmission.(?)
            Very characteristic symptoms + asymptomatic transmission = easy to identify and isolate.
            Smallpox vaccine provides 90% protection.
            Increase in monkeypox is concurrent with loss of herd immunity to smallpox since the cessation of smallpox vaccination in 1980.

            In other words, I wouldn’t worry.

    2. Summary of FIG 1: 20 variants listed; only 2 variants with single nucleotide polymorphisms (SNPs; AKA OMG, a mutation!!!) in the spike protein and only one of which changed an amino acid, 614, from aspartic acid (D) to glycine (G).

      https://americasfrontlinedoctors.org/blog/variants-or-scariants/:

      Looking at the table, (fig 1), there are multiple mutations of SARS-CoV-2; however, all of the chatter about them causing harm is just that—noise. Evidence shows that our own T-cell recognition from previous viral infections is enough to combat these “scariants”. The most important metric to consider with variants is the daily mortality rate (fig 2). While the media typically focuses on cases which induces fear, the mortality rate is what determines virulence. It is true that case numbers spike as the virus becomes more transmissible, but if the lethality drops, it is clear that the neutralizing effect of T-cells within the population, as well as the lessening lethality of the virus, is causing the overall danger to shrink, not to increase. For instance, the common cold is very transmissible but not at all lethal.

        1. Her responses to my Lambda variant and monkeypox comments lead me to think she doesn’t see how contrived all of this is.

          1. Oh sure, any of this could be contrived. That possibility is not lost on me. And even if it were lost on me, I would need but only to wait 10 minutes until you politely remind me of it. Nevertheless, it would be unwise to simply chalk something up to a conspiracy theory without at least getting more info. What if I pooh-pooh something and it turns out to be an actual threat? I would be unprepared for it.

            So rather than blindly take your word for it, I looked up the info on monkeypox and Lambda myself, and posted links for interested lurkers. I decided that monkeypox is not a threat. You’re probably correct that the news on Lambda variant is fear mongering; Lambda appears to evade the mRNA vaccines no more than Delta. (jury is out on J&J.)

  18. House just listed a few doors up – $700K. It’s in excellent condition looks-wise (who knows) unlike our rental, but that’s ridiculous. That’s definitely a record for this neighborhood, which is nice but surrounded by not so nice.

      1. That was one of a kind, certainly strange.

        The only unusual thing about these places is they’re all 1/3+ acre, unlike the “pass the Grey Poupon” houses they generally have here.

        zillow.com /homes/ 4223-Wood crest-Rd,-Las-Vegas,-NV-89121_rb /7060180_zpid/

  19. SMDH

    https://twitter.com/AlexBerenson/status/1417930147408273410:

    OMG. The @CDCGOV really is this stupid. They just changed the vaccine death report count again – LOWERING it to 6,079 from 12,313.

    Looks like somebody added 6,000 foreign death reports to the US count in this week’s VAERS update, and no one noticed.

    Trust the science!

    https://twitter.com/AlexBerenson/status/1417930873832345604:

    (Although the dates and numbers of reported vaccinations don’t exactly foot – the 12,000 deaths are supposedly through July 19 and the 6,000 through July 13. Still, the accidental addition of foreign deaths is the most likely explanation. We will see.)

  20. Email from Realtor.com with $50K and $110K price reductions. Another house looks like it fell out of escrow. House with 10 initial offers, previously mentioned, still available.

      1. The place is staged with WAY too many gaudy trinkets, and the pool table in the family room; wtf? However, I like the back yard with the gas grill, and the low fence (wall) allowing a nice view of the hills.

          1. Another development has the same floor plans with just such lots. They also don’t have the premium for the view.

        2. Out front, I’d ditch that lawn for rocks, and that concrete driveway should be replaced with cobblestone.

      3. This might be the new style called “Grand Millenial,” which I don’t quite understand. I think the style is based on Millenials appreciating their Greatest Generation grandparents, which means 1950s furniture infused with pops of 1980s pastel chintz. I think I’d prefer the shiplap, barn doors, and “Gather” signs, sad.

        At least this house looks pretty neutral once you take the stuff out of it. You would have to change out a few things: the light fixtures, the pastel granite(?) countertops, and the bathtub.

          1. Nicer comps were recently selling around $1.6-1.7M. They should be around $1.3-1.4M.

  21. Updated California Department of Perennially Hysterical guidance for the upcoming school year:

    All K-12 students are required to mask indoors.
    All adults in K-12 school settings are required to mask when sharing indoor spaces with students.
    Masks are optional outdoors for all in K-12 school settings.
    Quarantine requirements following close contact/exposure have been reduced to cut down on absences.
    Physical distancing and cohort scheduling requirements have been removed.

    1. “All K-12 students are required to mask indoors.”

      Yep, I’m betting my son will be wearing a KN95 at WSU Pullman late next month.

  22. I was at a mall today and saw several shuttered stores. I thought, The Fed was able to save the financial system but they had much less success with the ‘real economy.’

    This is the 2nd time in 13 years they’ve bailed out the financial sector, both times leaving it in rude health, both times allowing it to strengthen its grip on the government.

    The ability to do its business, away from the prying eyes of the public, is a very useful attribute for a money printer, both official and unofficial.

  23. Here in Tallahassee “price reduced” properties on Realtor went from a dozen to over 50 in a week. Fun to watch the greedy flockers dropping $2-3K trying to entice folks. In a month those will be 5 figure reductions.

    1. It is quite possible that anyone who could “afford” a house purchase right now has jumped in and done so and now we are seeing the tail end blow off top forming due to pie-in-the-sky asking prices. Just a guess. I am watching for a used vehicle right now. Still trying to figure out whether the whole market has created a comp situation where someone figures they can add a few thousand dollars to their 12 year old 1XX,XXX mile sedan/Corolla asking price because the market is “hot”.

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