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The Final Nail In The Coffin Of The Housing Boom Narrative In The Media

A report from CNBC. “The inventory of new homes for sale jumped from a 5.5-month supply in May to a 6.3-month supply in June. In June, the number of homes for sale that had not yet been started hit an all-time high.”

From Barron‘s. “Sales of new homes in the United States dropped for a third straight month in June, even as prices dipped from their record high and supply increased, government data said. ‘Demand is mean-reverting to its pre-Covid pace, after the dash to the suburbs triggered by the start of the pandemic,’ Ian Shepherdson of Pantheon Macroeconomics said. ‘We hope that a sustained strengthening in the labor market will boost activity again later in the year, but today’s data should be the final nail in the coffin of the ‘housing boom’ narrative in the media.'”

The Review Journal in Nevada. “Las Vegas homebuilders’ sales activity slid further last month as house hunters again paid record-high prices for new construction. Many people continue to wonder if the recent slowdown in builders’ sales activity, locally and nationally, is a ‘worrisome trend’ or simply a coming-back-down-to-Earth situation, Las Vegas-based Home Builders Research President Andrew Smith wrote. ‘We tend to lean toward the latter,’ he added. As seen in Smith’s report, however, homebuilders’ sales totals kept sliding last month as prices kept escalating as buyer traffic to new subdivisions ‘steadily decreased throughout’ the second quarter.”

From USA Today. “Despite housing demand booming during the pandemic, foreign homebuyers in the U.S. have steadily declined for the fourth year in a row. Foreign buyers purchased $54.4 billion in existing U.S. homes from April 2020 through March 2021, a 27% decrease from the previous year and the lowest in a decade, according to a new report from the National Association of Realtors.”

“Both dollar and sales volume are the lowest since 2011, when the figures totaled $66.4 billion and 210,800 properties sold. China, Canada, India, Mexico and the United Kingdom were the top five countries of origin by U.S. residential sales dollar volume. Each country saw a drastic drop of 50% in dollar volume from the previous year.”

From DS News. “Real estate investors during the second quarter of 2021 purchased more homes than ever recorded by Redfin.com, which has been tracking that metric for 20+ years. Investors paid an average $439,600 per home, about 24% higher than a year earlier. One of every six homes, approximately, was sold to an investor in Q2. That is 15.9% of the market share, which is just a hair short of the 16.1% record hit in Q1 2020. ‘With housing values consistently on the rise, solid returns are pretty uch guaranteed—especially when you’re an investor who has access to extremely cheap debt,’ Redfin Senior Economist Sheharyar Bokhari said.”

From WTOP on Washington DC. “The median price of a house, row house or condo that sold in D.C. in June was $700,000, the highest median selling price for the District on record. ‘People buy the payment. They don’t buy the price. They don’t necessarily care how much a house costs, but they care about how much it will cost them per month,’ said Larry Foster, president of Long & Foster Real Estate.”

From WJLA. “Vacant properties can be found all across the District, with neighbors describing the buildings as eyesores and dumping sites. ‘DCRA says there are over 3,000 properties in the city,’ said Chairman Phil Mendelson. Mendelson is calling on the Department of Consumer and Regulatory Affairs (DCRA) to reduce the number of vacant/blighted homes across the city, by better enforcing the city’s current laws. ‘This is not about collecting more money to the city, this is about using our tax structure as financial pressure on property owners, who are letting their properties sit vacant for years.'”

The New York Post on California. “Fallen power couple Erika Jayne and Tom Girardi have been forced to slash the price of their marital home once again after three months on the market without any offers. Initially listed for $13 million on May 5, the four-bedroom and nine-bathroom mansion received its first price cut one month later to $11.5 million. On Friday, the price reduced by another $1.5 million and is now listed at $9.98 million. The home today is valued at $11 million, which means any potential buyer would be scoring a bargain.”

“The property is in high contention by the Los Angeles federal court, since Girardi has been ordered to move out in 20 days, once the mansion goes under contract, according to the bankruptcy deal cited in court documents.”

The Real Deal on New York. “The $30 million condo unit high atop East 57th Street sits empty, stripped of its furniture and possibly abandoned. The mortgage on the 72nd floor residence at 432 Park Avenue is in default, its guarantor appears to be in custody in China and the unit owner’s identity is uncertain. Now the firm that owns the debt wants to seize the 4,000-square-foot property on Billionaires’ Row, where high-end real estate purchases are often shrouded behind layers of LLCs.”

“In May, Maverick Real Estate Partners bought the $13.75 million mortgage from China Citic Bank, property records show. Just over $1 million of the principal loan has been repaid, according to the lawsuit. But exactly who owes that money remains something of a mystery — that has been the case with other high-end condo purchases on Billionaires’ Row and around Manhattan.”

The Georgian Straight in Canada. “Earlier this year, Vancouver realtor Adam Chahl talked about the frustrations of buyers in the hot housing market. Chahl’s client at the time had lost in a bidding war, wherein a total of 42 buyers submitted offers for a detached home in Burnaby. ‘I wonder if we’re going to see almost a buyer’s fatigue set in, where people say, ‘You know what? Forget it. We’re not going to shop anymore. We’re just going to wait and see what’s going to happen till things calm down,’ Chahl told Straight in a phone interview in March.”

“Chahl knew what he was talking about. A recent report notes that real-estate markets across Canada are showing ‘signs of moderating nationally.’ Guess what are the things causing the decline? ‘The current market slowdown, partly due to buyer fatigue, has started to manifest in the housing market, with fewer buyers ready to engage in bidding wars,’ Statistics Canada stated in a report dated July 21, 2021.”

“These trends are reflected in B.C. The B.C. Real Estate Association has reported that sales and prices across the province dropped for the third month in June after the market peaked in March 2021. In its July 21, 2021 report, Statistics Canada projected that home prices may see more declines. ‘Further decreases in home prices may be observed in the fall if the number of sales continues to decrease faster than available listings,’ the agency noted.”

From Business Daily Africa. “Defaults on mortgages jumped 48 percent to Sh70.5 billion in the year to March, pointing to widespread distress in real estate in the wake of Covid-19 economic hardships as property auctions pick up. Latest Central Bank of Kenya (CBK) data shows that mortgages recorded the highest growth in non-performing loans (NPLs) from Sh47.5 billion in March last year, reflecting the struggle by investors to find buyers for their houses amid dwindling returns.”

“This has seen workers who took mortgages on the strength of their pay slips default. The slowdown in real estate is hurting property developers who are finding it difficult to sell units that were built on loans. Banks that had gone slow on property seizures last year following the pandemic have stepped up debt recovery efforts to clean up their loan books, leading to a spike in auctions.”

“But the auctioneers are not selling as fast as they are repossessing due to the minimum bid price, leaving a glut of repossessed vehicles, land, houses and office equipment as cash-strapped buyers seek to buy the properties cheaply and at outsized discounts.”

From Domain News in Australia. “Despite rents generally soaring across the country over the last five years, there are still spots in most capital cities where it’s possible to find rents that have actually fallen since 2016 – and sometimes spectacularly. Rents in one suburb of a city plunged by nearly half over the period, in another they fell by over one-third, and in another by over a quarter, according to the latest quarterly Domain Rent Report.”

“The disruption and economic changes have caused some rents to rise, and others to absolutely plummet. Those seeking the biggest bargains could do a lot worse than checking out houses in the city centre of Darwin, for instance, where rents are, on average, an astonishing 42.7 per cent cheaper than they were five years ago. Today, they sit at just $430 a week.”

“But the next city to endure such heart-warming – or heart-breaking – falls, depending on whether you’re a tenant or a landlord, is Sydney. Even though rents have hit dizzy levels in some suburbs, in others, they’ve hit rock bottom. Units in Millers Point, for instance, in the newly bijou area of the city after Housing Commission tenants were moved on, have crashed by 33.8 per cent to $660 a week. In the south west’s Canterbury-Bankstown, Bass Hill rents have fallen by 29.1 per cent to $433, and in North Ryde on the Upper North Shore, they’re 29 per cent cheaper at $477.”

From Stuff New Zealand. “Queenstown ratepayers could be stung for more than $120 million to fix a leaky apartment complex. The body corporate for owners of the Oak Shores apartments launched legal action against the Queenstown Lakes District Council in 2015 over water and structural issues at the waterfront site.The estimated repair costs for extensive building faults – including to balconies, roofs, cladding and bathrooms – have since ballooned to about $120m. The owners are also seeking costs for lost rental returns, and moving, storage and cleaning costs, which could bring the total bill to $140m.”

“Body corporate chairman Graeme Kruger said the situation had been ‘horrific’ for the 74-odd owners. ‘It’s broken owners’ hearts.’ The 84 units were owned by a mixture of New Zealanders and people from overseas, and many had been forced into mortgagee sales, he said. Some apartments purchased for $1.2m were sold for $460,000, while other owners simply walked away. Kruger had been forced to sell his New Zealand home and move to Australia in search of a higher paying job to meet the costs. ‘I’m not a corporate investor.'”

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This Post Has 138 Comments

  1. ‘But the auctioneers are not selling as fast as they are repossessing due to the minimum bid price’

    That’s right boys, don’t give it away!

    ‘…leaving a glut of repossessed vehicles, land, houses and office equipment as cash-strapped buyers seek to buy the properties cheaply and at outsized discounts’

    Oh fudge…

  2. ‘the number of homes for sale that had not yet been started hit an all-time high’

    I bet you thought you could slip that in and I wouldn’t notice eh Diane?

    Eat yer crowz.

  3. ‘Kruger said the situation had been ‘horrific’ for the 74-odd owners. ‘It’s broken owners’ hearts.’ The 84 units were owned by a mixture of New Zealanders and people from overseas, and many had been forced into mortgagee sales, he said. Some apartments purchased for $1.2m were sold for $460,000, while other owners simply walked away. Kruger had been forced to sell his New Zealand home and move to Australia in search of a higher paying job to meet the costs’

    Well it was cheaper than renting Graeme.

    And congratulations Sydney, you barely lost to Darwin for crater!

    1. ‘Kruger said the situation had been ‘horrific’ for the 74-odd owners. ‘It’s broken owners’ hearts.’

      Every time a greedy speculator sees their dreams of effortless riches die in the arse, an angel gets its wings.

  4. ‘sales and prices across the province dropped for the third month in June after the market peaked in March 2021. ‘Further decreases in home prices may be observed in the fall if the number of sales continues to decrease faster than available listings’

    That’s some red hotcakes right there.

  5. ‘today’s data should be the final nail in the coffin of the ‘housing boom’ narrative in the media’

    And that’s all it has been. We had tens of millions lose jobs. There are more defaults today than last decade. Every weak minded speculator will sit weeping on yer doorstep REIC.

    2. Interesting chart. Is inventory a leading indicator? Looks like it rose well ahead of the last disaster and peaked slightly before it hit bottom.

    3. That’s spiking up pretty dramatically. Things should get interesting if it reaches 12 months…

    4. ok there is the trend and that makes sense. But it is still at 2019 levels – if it reaches 2018 levels, it might make a difference in the on-the-ground psychology.

      1. One thing to consider is that if word gets around that a lot more homes will be available in a year from now than today, lots of would-be buyers might decide to stand back and stand by until this happens.

        Of course the market has to first run out of stupid people with access to subprime mortgages for this development to ensue.

    1. I was out in Boulder 2 weeks ago and those people are crazy with the prices. If I move there it’s a renter’s life for me!

  8. “…People buy the payment. They don’t buy the price. They don’t necessarily care how much a house costs, but they care about how much it will cost them per month,’ said Larry Foster, president of Long & Foster Real Estate….”

    Great insight, Larry Foster. Guess that’s why they pay you the big bucks.

    Your clients are going to start caring about that monthly payment a lot more when they start getting that first property tax bill based on a house cost that they ‘didn’t care about’ Ditto for insurance and practically every other holding cost.

    Explain to me, Larry Foster, where your genius clients are going to get all that extra cash to pay holding cost bills?

    1. “…People buy the payment. They don’t buy the price.”

      Bahahahahahaha … and I’m the guy who gets to determine just what this payment will be. Better yet, I’m the guy who gets to determine if there WILL be a payment.

      You’d better be nice to me; I’m the guy who calls the shots.

      😁

      2. “…People buy the payment. They don’t buy the price. They don’t necessarily care how much a house costs, but they care about how much it will cost them per month,’ ”

        The neighbors are the ones who care about how much the house costs because it’s the cost of the house – the price – that is what magically creates the neighbor’s wealth, creates their equity wealth.

        Back to me: Ultimately it is I, Mr. Banker, who determines if there will be any equity wealth at all and, if so, how much of that equity wealth will I allow to be magically borrowed into existence.

        Bankers rule, others drool.

    2. Property taxes are usually rolled into escrow included in the monthly payment, so there’s no sticker shock. Sure, I get a property tax bill, but I just shove it into the file cabinet. But wait until they see some repair costs. 🤑

      1. Yeah, well there’ is sure to be a property reassessment lurking about sometime in the future.

        The miracle of wealth creation due to price increases ends up being shared by many people, mostly strangers.

      2. Repair costs – that’s the crazy thing about waiving inspections, who the heck knows what the buyer is getting into. There was a realtor on Nextdoor recently telling people he could convert a traditional buyer (ind w/ a mort) to an all cash no contingency offer. I replied that he wasn’t doing his buyers any favors.

        In some places, like NorCal, inspection reports are part of the listing package, i.e. the inspections are done up front and buyers can access them prior to making an offer.

        1. “…waiving inspections, who the heck knows what the buyer is getting into…”

          The level of greed and blatant over the top stupidity in this market is truly stunning.

          What I might note is that at least here in SoCal (Orange County) older homes were of constructed of much higher quality material and craftsmanship.

          So much newly constructed junk as far as the eye can see.

        2. older homes were of constructed of much higher quality material and craftsmanship

          I see a lot of $1M 1970s ranch homes that should just be torn down.

          2. “…should just be torn down…”

            Depends on the local, of course.

            Correct maintenance costs $$$.

            Sad to see once beautiful homes deteriorating

          3. beautiful homes

            The ones I’m talking about were never anything special to begin with. Lipstick on a pig is what happens.

    3. getting that first property tax bill
      Any increase here is a potentially big issue. If people are counting pennies, the tax increase can kill them. Plus HOA increases. My buddy had his HOA increase. He voted against it but lost, and the increase was definitely enough to get his attention

  9. “The median price of a house, row house or condo that sold in D.C. in June was $700,000, the highest median selling price for the District on record.

    Paying that kind of price in a Democrat-Bolshevik malgoverned urban cesspool where the vibrants cavort with impunity and all the socioeconomic indicators are headed in the wrong direction – except for the Deep State’s Nomenklatura class – is clinically insane.

    1. And where going out for dinner might mean being hit by some vibrant’s stray gunshot is oh so appealing.

      1. DC is very neighborhood-dependent. If you go out for dinner you’re more likely to be accosted by a mob with their usual “fist or ist” harassment.

        1. That mob enjoys political top cover from the Soros-installed DA and their fellow Bolsheviks in City Hall. They can accost people with impunity, knowing potential resisters have been disarmed and the full weight of the law will come down on anyone who fights back against the Soros scum.

  10. No sympathy whatsoever. Democrats have systematically coddled criminals and undermined public security while they lived in well-secured gated enclaves and sent their kids to private schools. A little vibrant cultural enrichment wouldn’t go amiss on a anti-2nd Amendment liberal hag like Barbara Boxer.

    ‘Why would you do this to a grandma?’ What former California senator Barbara Boxer, 80, asked when she was attacked and robbed of her cellphone by a ‘kid’ in crime-ridden Oakland, California

    https://www.dailymail.co.uk/news/article-9828511/Former-US-Sen-Barbara-Boxer-assaulted-robbed-California.html

    1. I won’t lie. When I read yesterday that she got mugged, I smiled, if only a little bit.

  12. Today is Tuesday, July 27th and Joe Biden is not the legitimately elected president of the United States.

    Nobody cares about your stupid January 6th committee, because the 2020 election was stolen.

    1. Let the Stalinist show trials commence. As the Democrat-Bolsheviks become more brazen in their use of electoral fraud to seize control of red states, with the acquiescence of craven RINO corporate and neocon stooges, we’re going to be treated to a lot more charades like this.

      Kevin McCarthy says Pelosi’s riot committee is a ‘sham’ that ‘no one will believe’ and Elise Stefanik claims Nancy is responsible for the January 6 ‘tragedy’ at press conference with the five Republicans pulled from panel

      https://www.dailymail.co.uk/news/article-9830699/Kevin-McCarthy-says-Pelosis-riot-committee-sham-no-one-believe.html

      1. These treasonous Innsurrectist use so many of the tactics of one of the most evil time periods .

        Its weird but Klaus Schwab, Soros and Gates embraced a weird combo of fascism and Communism, like the worse of both those ideologies.

      1. If we end up becoming a “rump state” what parts will remain in the rump? It seems that most of flyover would, but who knows?

  13. What economic catastrophe do Treasury bond HODLers foresee on their investing horizons that makes them wiling to HODL at the lowest yields on record?

    1. The Financial Times
      US Treasury bonds
      US real yields hit record low on growth concerns
      Sharp fall comes as inflation expectations have dipped only slightly
      Negative real yields pose a big problem for pension funds and other long-term asset allocators that are also grappling with equity markets trading at high valuations
      Tommy Stubbington in London yesterday

      The returns investors expect to earn after inflation on the world’s most important government bonds have reached a record low in a fall that has had sweeping implications across global markets.

      The real yield on 10-year US Treasuries fell further below zero on Monday as growing anxiety over the outlook for economic growth added fuel to a recent rally in bond markets.

      The real yield — which measures the returns investors can expect once inflation is taken into account — sank to minus 1.127 per cent as a stock market sell-off drove Asia investors into the safety of government debt.
      …

    2. “What economic catastrophe do Treasury bond HODLers foresee on their investing horizons that makes them wiling to HODL at the lowest yields on record?”

      I’m not sure but here are some dance moves you can work on while you are waiting to find out.

      Start with Laurel & Hardy and work your way up from there, Mrs. Bear will be impressed.

      https://youtu.be/sMB9G44y-nM

        1. “Mr. Bear will be impressed by the plethora of bouncing boobs.”

          I hadn’t focused on that aspect of the video. When it came to the girls I was actually taken with the smiles on their faces and how happy they looked, especially the girl on the sidewalk wearing jeans, a black shirt and hat.

          But after your reply I watched it again and I see where a couple of girls at the end would inspire such a comment. I must be getting old.

          1. I’m providing a wee bit of an incentive for the HBB men to watch. 😉 I didn’t notice until the dance moves got to be a little repetitive.

        2. I enjoyed the video from the aspect that it dispels the notion that white people can’t dance.

  15. The Boteh pattern in Persian tapestries and wall hangings has obscure and difficult to verify origins, but scholars have a few ideas about its meaning. One scholar believes it began as an ear of wheat that represented immortality. The repeated element in a Boteh pattern usually resembles a plant, such as a pear, a leaf, or a bush. This element repeats in lines, and it often alternates orientation from row to row. A growing body of research, however, now indicates that the weavers’ incorporated a hidden message into their carpets: Realtors are liars.

  16. From DS News. “Real estate investors [speculators] during the second quarter of 2021 purchased more homes than ever recorded by Redfin.com, which has been tracking that metric for 20+ years. Investors paid an average $439,600 per home, about 24% higher than a year earlier. One of every six homes, approximately, was sold to an investor [speculator] in Q2. That is 15.9% of the market share, which is just a hair short of the 16.1% record hit in Q1 2020. ‘With housing values consistently on the rise, solid returns are pretty [m]uch guaranteed—especially when you’re an investor [speculator] who has access to extremely cheap debt,’ Redfin Senior Economist Sheharyar Bokhari said.”

    – Quintessential description and behavior of today’s completely financialized housing market. No longer a place to live or shelter, but rather a frenzy of housing speculation. The Cantillion Effect says that those with early access to (cheap) credit reap the biggest gains (first). Financiers extracting every last cent of value from the U.S. lower classes (deplorables). The greatest wealth transfer in history; strip mining would be too kind a description. Meanwhile, Congress, our alleged representatives, stand idly by.

    – Driven by historically, but artificially low interest rates from the Fed’s QE, (still) buying $40B/mo. MBS. Oh, the insanity!

    – How long before the average American wakes up? This is the third asset bubble in about 20 years. Last chance. Soon nothing left that hasn’t already been hoovered-up.

    – Ignoring their self-interest and self-enrichment for the moment, Congress represents whom?

    “Show me a man that gets rich by being a politician, and I’ll show you a crook.” – Harry Truman

    “An honest public servant can’t become rich in politics.” – Harry S. Truman

    “Then he went up the chimney himself, the old liar, and the last thing he took was the log for their fire. On their walls, he left nothing but hooks and some wire. And the one speck of food that he left in the house was a crumb that was even too small for a mouse. Then he did the same thing to the other Whos’ houses: leaving crumbs much too small for the other Whos’ mouses!” – Dr. Seuss, How the Grinch stole Christmas!

    https://fee.org/articles/the-cantillon-effect-because-of-inflation-we-re-financing-the-financiers/
    The Cantillon Effect: Because of Inflation, We’re Financing the Financiers
    Not to mention actively harming the living standards of low-income earners.
    Sunday, October 28, 2018

    “…the first sectors to receive the newly created money enjoy higher profits as their pay increases, but general costs are still low.”

    1. “…The Cantillon Effect: Because of Inflation, We’re Financing the Financiers…”

      Excellent article.

      Suggest as required reading.

      Thanks for posting.

    2. “Investors paid an average $439,600 per home, about 24% higher than a year earlier.”

      This sentence really should read, “Investors locked in their losses by paying about 24% higher than a year earlier.”

    1. About 2 minutes of the well rehearsed script reading by the well paid gold plated pension packing sellouts was all I could take.

  18. Sellin like red hot cakes

    https://www.zillow.com/homedetails/109-Parc-Place-Dr-Milpitas-CA-95035/64877880_zpid/

    Price and tax history
    Price history
    Date Event Price
    7/22/2021 Price change $899,999 (-7%)$588/sqft
    Source: MLSListings Inc Reporta problem
    6/18/2021 Listed for sale $968,000 (-2.1%)$633/sqft
    Source: MLSListings Inc Reporta problem
    4/6/2018 Sold $989,000 (+11.4%)$646/sqft
    Source: MLSListings Inc #ML81694164 Reporta problem
    3/9/2018 Listing removed $888,000$580/sqft
    Source: Star Realty Reporta problem
    2/27/2018 Listed for sale $888,000 (+22.5%)$580/sqft
    Source: Star Realty Reporta problem
    12/23/2016 Sold $725,000 (+72.6%)$474/sqft
    Source: Public Record Reporta problem
    3/4/2011 Sold $420,000 (+10.1%)$275/sqft

    I used to live in the area. Rent in 2018 was $2850 per month … during pandemic they drop to $2600 or $2500.

    1. That’s hang gliding country!

      But a 1,500-sqft, single family, 3/2 rancher is $1-million these days. 🙁

      1. Welcome to my world. A million dollar house ain’t nowhere near what it used to be.

        1. Fremont and Milpitas were blue-collar cities filled with United Auto Workers supporting a family on one union income back in the day.

  19. San Diego, CA Housing Prices Crater 10% As Appraisal Fraud Blankets Southern California

    https://www.movoto.com/ca/92154/market-trends/

    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.”

  20. Department of Justice’s Office of Legal Counsel opines that federal law doesn’t prohibit public agencies and private business from requiring vaccines for employees. Will courts agree?

    1. This administration is going all in at attempting to force vax people, now interpreting laws to support their efforts:

      HIPAA and COVID vaccines: What Rep. Marjorie Taylor Greene and Cowboys quarterback Dak Prescott get wrong

      In its privacy rule, HIPAA does make it illegal for certain people and organizations — including health care providers, insurers, health care clearinghouses and their business associates — to share a patient’s medical records without prior consent.

      The law does not, however, prohibit employers, stores, journalists or other categories of individuals who are not involved in health care from asking for health information.

      1. Labor law is not my thing, but I’d bet there are other federal and state laws and regulations at play.

    1. Now why didn’t that nurse look like she was reading lines from a prepared script like those who testified in Pelosi’s show trial this morning?

    2. I have heard much testimony by nurses and heath care workers as to these horrible adverse reactions, and they claim cover up.
      A nursing home nurse talking about his patients dropping like flies after the shot or being injured.
      And all the perfectly healthy people dying or injured .
      How can these criminals not know what they have done .And they want to vaccinate children?
      No doubt a cover up and censored news to carry on with whatever agenda these monsters have.

      1. The criminals aren’t doing the dirty work. The physicians who are are experiencing cognitive dissonance. They’ve been conditioned to think: Vaccines are good; it can’t be the vaccines. The only thing these genetic juice injections have in common with old school vaccines is the syringe.

        1. The physicians who are are experiencing cognitive dissonance.

          “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” – Upton Sinclair

    3. “But the propaganda said the vaccine was safe for everyone…”

      Eric Clapton says he will cancel shows at venues that require COVID vaccination

      BY MIKE STUNSON
      JULY 21, 2021 04:01 PM,

      Eric Clapton said Wednesday he will not perform at venues that require their guests to have a COVID-19 vaccine.

      The legendary singer and guitarist’s statement comes two days after United Kingdom Prime Minister Boris Johnson said vaccine passports will be mandatory at crowded venues beginning in September, The Guardian reported.

      “Following the PM’s announcement on Monday the 19th of July, 2021, I feel honor bound to make an announcement of my own: I wish to say that I will not perform on any stage where there is a discriminated audience present,” Clapton said in a statement. “Unless there is provision made for all people to attend, I reserve the right to cancel the show.”

      Clapton’s statement included a link to “Stand and Deliver,” his anti-lockdown song with Van Morrison, according to Rolling Stone.

      Clapton said earlier this year he had severe reactions for 10 days after getting the first AstraZeneca vaccine. He proceeded to get the second vaccine, with results he called “disastrous.”

      “My hands and feet were either frozen, numb or burning, and pretty much useless for two weeks, I feared I would never play again, (I suffer with peripheral neuropathy and should never have gone near the needle.),” Rolling Stone reported. “But the propaganda said the vaccine was safe for everyone…”

      https://www.miamiherald.com/news/coronavirus/article252928378.html

    4. The CDC just announced a new mask mandate that includes vaccinated people. I’ve been arguing via text with some CCP Flu bedsh*tters who are in full on freak out mode again.

      This only ends when citizens assert their rights as citizens and say we’re not putting up with this anymore.

      1. What we have now is an epidemic of the vaccinated. These stealth super spreaders can not be allowed to endanger the lives of normal people. They shouldn’t even be allowed to talk to people.

        /s

      2. There’s a lot of talk about getting people vaccinated to prevent mutations in the unvaccinated.

        ISTM that the best option would be take all of the masks off right now, and “vaccinate” all the unvaccinated with Delta, as quickly as possible, to get to herd immunity pronto. If there’s a mutation that can evade both the vaccine and the Delta-induced immunity, we’ll cross that bridge when we come to it.

        1. getting people vaccinated to prevent mutations in the unvaccinated

          So needle rape the unvaxxed because the vaxxed are creating mutations?! F#$% that!!

        2. I’ll give you credit for removing masks but you still get a D for your best option. Natural immunity and therapeutics are the answer.

          Longitudinal analysis shows durable and broad
          immune memory after SARS-CoV-2 infection with
          persisting antibody responses and memory B and
          T cells

          Summary
          Ending the COVID-19 pandemic will require long-lived immunity to SARS-CoV-2. Here, we evaluate 254
          COVID-19 patients longitudinally up to 8 months and find durable broad-based immune responses. SARSCoV-2 spike binding and neutralizing antibodies exhibit a bi-phasic decay with an extended half-life of >200 days suggesting the generation of longer-lived plasma cells. SARS-CoV-2 infection also boosts antibody titers to SARS-CoV-1 and common betacoronaviruses. In addition, spike-specific IgG+ memory B cells persist, which bodes well for a rapid antibody response upon virus re-exposure or vaccination. Virus-specific
          CD4+ and CD8+ T cells are polyfunctional and maintained with an estimated half-life of 200 days. Interestingly, CD4+ T cell responses equally target several SARS-CoV-2 proteins, whereas the CD8+ T cell responses
          preferentially target the nucleoprotein          , highlighting the potential importance of including the nucleoprotein in
          future vaccines. Taken together, these results suggest that broad and effective immunity may persist longterm in recovered COVID-19 patients.

          1. Emphasis added.

            Additional translation: the spike protein may not have been the best target. Who’da thunk? 🙋

          2. If my drug discovery, development and commercialization courses in b-school had exams (thankfully they didn’t!), Operation Warp Speed would have been the perfect hypothetical.

          3. Please don’t go too nuts… you misunderstood. We actually agree.

            I put the word vaccinate in quotes deliberately. If people don’t want the vaccine, just let them acquire immunity from natural infection from Delta (With VIe. That what I meant by “‘vaccinating’ the unvaccinated with Delta.” Let Delta do the work; it’s contagious enough that it will confer immunity to (i.e. “vaccinate,” in quotes) the unvaccinated population pretty quick, especially unmasked. That’s what is happening in Britain. The case count is dropping like a rock, either because of herd immunity, or because symptoms are so mild that few people are bothering to get tested. *

            The next part goes to Blue’s question. Let’s say the masks come off, and everybody is exposed to Delta in, say, six weeks. With R=0 and no masks, that’s not impossible. So now, presumably EVERYONE has Delta antibodies.** So now, any new variant runs into a population which is 90% protected. That new variant would have to be different enough from Delta to evade the Delta antibodies (AND any other antibodies from a vax or from previous COVID infections) in enough people to propagate as a new variant. And it would have only six weeks to do it. IMO this is far better than dragging this BS out for months.

            —————–
            *I predict one more case bump in Britain, since everybody partied on July 19, Freedom Day.
            ** Wouldn’t everyone have Delta immunity? The vaxxed would get mild cases, but they would still be exposed and develop Delta-specific antibodies. The unvaxxed would also develop Delta-specific antibodies, only with more serious cases. Even if COVID doesn’t go away, wouldn’t it now be just another coronavirus cold?

          4. (With VIe.

            Sorry about that — too much editing. That was supposed to be “with Ivermectin or HCQ to any unvaxxed people who get a serious case of Delta.”

        3. getting people vaccinated to prevent mutations in the unvaccinated

          The “vaccines” do not extinguish the virus, according to the latest narrative.

      3. CCP Flu bedsh*tters who are in full on freak out mode again

        They can go hide under their beds again. Normal people will get back to enjoying life.

  23. Mexico’s AMLO had better watch his back, or he might wind up Arkancided. He just announced that Mexico won’t be giving children “the jab” as they don’t need it, and that big pharma just wants to sell more vaccines.

    1. “…Arkancided.”

      Recently added to the list:
      #JefferyEpstein had information on Bill Clinton & now he’s dead.

    1. Four decades of randomized controlled clinical trials show that masks do not stop respiratory viruses.

      1. No, but to the mask fetishists it’s not about stopping a virus. It’s about inculcating blind obedience and docility in the sheeple on command.

        1. “It’s about inculcating blind obedience and docility in the sheeple on command.”

          Bahahahahaha … that’s already been accomplished.

      1. Watched a few minutes, I’ll have to come back and watch all of that tonight when I have the time.

        1. It’s not the whole thing, but still worth watching. I caught a tiny bit live. If I find the whole thing, I’ll post it in a newer thread.

  25. But hey, at least you didn’t throw away money on rent, Sophie.

    ‘I want children but my life is on hold’: Meet the homeowner with a cladding repair bill that is almost the SAME as the original £230k cost of her flat

    https://www.dailymail.co.uk/property/article-9826249/Cladding-repair-bill-230k-price-Hertfordshire-flat.html

    When homeowner Sophie Bichener, 29, bought her flat in Stevenage, Hertfordshire, in 2017 for £230,000, she had no idea about the potentially crippling costs that lay ahead.

    She moved into the flat just before the fire at Grenfell Tower, in West London, which caused 72 deaths.

    Like so many other purchasers, Sophie bought moved into her flat believing that it was safe because it complied with building regulations.

    1. Like so many other purchasers, Sophie bought moved into her flat believing that it was safe because it complied with building regulations.

      And this is in a country that inspects the living daylights out of your car and gives you a long and MANDATORY repair list that is very costly, but most likely does nothing to make your car safer.

      1. inspects the living daylights out of your car
        We get hit hard over pollution issues. May not effect the safety of the car at all but get that emission sensor fixed or you can’t drive.

        1. I’ve never had a car fail a smog inspection. But my Euro relatives tell me about how a visit with the Ministry of Transportation can result in a $4000+ fixit list, as in replacing components that are worn, but not broken. Components that can easily last 10 more years.

          1. I used to buy these Japanese 30k mileage engines for a song years ago. Not sure if they’ve lightened-up any with their newer vehicles?

    1. Censored guy at 5:00: “What kind of world is this?”

      It’s clown world, where billionaire globalists are financially raping society.

  27. So, gooberments around the country have either mandated the clot shot for their employees, or are thinking about it.

    So, will unvaxxed .gov employees bare their arms, fight it or resign? Imagine that you are just a few years away from being fully vested in a juicy pension plan. What do you do?

    2. And if people don’t fight this medical tyranny, they have no clue as to what will be taken or mandated next, or what freedoms will be taken. They will be able to do anything .
      Even if you took a vaccine, you should fight for the right to not take one in the future, or fight for the right to not have children be a guinea pig, or be destroyed by nonsensical lockdowns.
      If this treasonous insurrection can get away with this Medical fraud tyranny, than even worse is to come.
      The line has to be drawn by a critical mass of people, while the brainwashed. are to stupid to even know what’s happening.

  28. French Laundry 2.0. Newom’s son was photographed not wearing a mask or social distancing at basketball camp.

    2. Rules are for the little people.

      For someone who some say could be the prez, Newsom sure likes to mess up. Then again, unless we stop the ballot box stuffing they could get Epstein’s dead corpse elected.

      1. Los Angeles Times headline yesterday: Larry Elder leads GOP field in race to replace Newsom in recall, poll finds

        1. No confidence on my part that the election won’t be rigged. Do you think that the criminals are going to allow Nancy Pelosi Nephew, who is one of their Democratic Stars being groomed for Presidency , to be recalled?

        2. “Larry Elder…”

          Never heard of him. Is he a Hollywood star or Technology samurai with his own company?

          1. I’m tired of these cuck honkies who apologize for their whiteness while allowing Antifa, Blacks, Homeless, etc., to burn, loot, pillage and vandalize our cities. How about electing one of those “white adjacent” yella-fellas who is ready to mete corporal punishment?

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