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The Suddenness Of That Shift Was Difficult For Sellers To Manage After A Red-Hot Market

A report from the Sioux Falls Argus Leader in South Dakota. “It’s a bit like Black Friday, but for homes instead of 72-inch TVs. Home buying is so competitive now that anyone looking has to plan ahead, down to their maximum offer. ‘Maybe they’re approved for $300,000, and they offer $275,000 and get turned down; we want to get them approved (for that) offer of what their max is (to get) that home,’ said Blaine Fopma, a 12-year mortgage banker at Reliabank Dakota. ‘(To) not give up is the biggest thing,’ said Fopma of looking or getting a loan. ‘I’m willing to take a look at their situation and sometimes we do that every six months until they’re approved.'”

From WABI. “Maine’s housing market is red hot. ‘I haven’t experienced it in my timeline. To see this, like this and it’s a little, a little daunting maybe for me because I worry more about my clients and what they’re getting themselves into,’ said Lisa Caron, Broker at NextHome in Bangor. ‘I would say two years ago that $150,000 home was probably 125, sometimes a little bit less. We’re seeing that the increase is there but the quality the home isn’t necessarily there it’s still probably the quality, it was before.'”

“After purchase you will still need to be able to afford that home and avoid that dreaded title of being house poor. ‘The scary thing for agents is to see someone in that desperation mode because they’re getting to the point where they’ll just pay anything to get into a home,’ Caron said.”

The Sun Journal in North Carolina. “In Craven County, the housing market still favors the sellers’ and will remain that way, however a steady balancing has begun. ‘We are still in a sellers’ market and interest rates are still very affordable. I don’t think we will fly into a balanced or buyers’ market very quickly, but rather, I think it will be a steady change over time,’ said Amber Jones, local real estate agent with Keller Williams Realty New Bern.”

“In the past two to three weeks, however, homes are starting to stay on the market a little longer and there has been a slight increase in listed inventory. ‘I think with lumber prices becoming more reasonable and with people wanting to travel during the summer, the race and interest to find a home now is slowing down,’ Jones said.”

From Click on Detroit. “The market is finally seeing a slight shift in demand. Over the last several months, the housing market has been cut-throat, with people offering way more than houses are worth, and sometimes all in cash. Jeanette Schneider, president of RE/MAX of Southeastern Michigan, says the situation isn’t as bad as it was a few months ago. ‘What I have seen is that the frenzy that I saw — buyers were crazy for houses — has cooled a little bit,’ Schneider said. ‘(We’re seeing) five or six offers, not 20 offers.'”

From Mortgage Professional America. “Sales of newly-built single-family homes fell to a pandemic low in June, indicating that the COVID-induced homebuying frenzy is calming down. Fannie Mae chief economist Doug Duncan said that while the June sales were significantly lower than projected, the slump in sales was not surprising. ‘A recent measure of homebuilders’ sentiment revealed a pullback in the buyer foot traffic metric, which reached the lowest level in nearly a year, while the June 2021 Fannie Mae Home Purchase Sentiment Index showed a further increase in the share of respondents indicating it’s a bad time to buy a home. We believe many of the past year’s buyers likely pulled forward their intended purchases to take advantage of low mortgage rates and remote working opportunities, while stimulus checks provided down payment support,’ he said.”

“‘New home sales fell in June to their lowest level since the depth of the pandemic, in April 2020,’ said Holden Lewis, home and mortgage specialist at NerdWallet. There were 353,000 new homes for sale at the end of June, the highest monthly inventory since December 2008, according to Lewis.”

From Arlington Now in Virginia. “How has Arlington’s condo market performed in the first half of 2021? I think the biggest story in the condo market for Arlington and the D.C. metro area is the historically high number of condos being listed for sale since Q3 2020. There is clearly a flight out of condos by homeowners and investors, and the demand is not high enough to absorb the extra supply, so inventory levels have returned to 2015-2016 levels when we were in the midst of a near zero-growth condo market (in Arlington).”

“The return to 2015-2016 inventory levels isn’t a bad thing, but the suddenness of that shift was difficult for sellers to manage after we experienced a red-hot condo market from late 2018 (Amazon HQ2 announcement) to early 2020 (pre-pandemic).”

The Washington Post. “According to AEI, approximately 14.7 percent of the 7.6 million FHA borrowers were delinquent in May and 10.5 percent were seriously delinquent (90 days or more past due), compared to 17.4 percent in September 2020 who were delinquent and 11.8 percent who were seriously delinquent. In the Washington area, 15.8 percent of all mortgage loans were delinquent as of May 31 and 14.5 percent of loans were seriously delinquent. FHA loans represent 13.7 percent of all loans in the metro area.”

“AEI’s research found that in the Washington area neighborhoods with a high concentration of FHA loans are also areas with a higher share of minority borrowers and higher debt-to-income ratios, which compare the minimum payment on all recurring debts with gross household income. Currently, the area with the highest concentration of mortgage default risk and FHA loans is Prince George’s County, which was the hardest hit county in the D.C. area during the foreclosure crisis.”

“The 10 cities at risk because of a large percentage of FHA loans overall and a high percentage of delinquent or seriously delinquent loans include: 1. Atlanta. 2. Houston. 3. Chicago. 4. Dallas. 5. Washington. 6. Baltimore. 7. Riverside-San Bernadino, Calif. 8. San Antonio. 9. Fort Worth. 10. Philadelphia.”

From Fox 5 New York. “Are there signs of the housing market slowing down? Agent Craig Winters of Keller Williams Points North is finding for the first time in months that more people are putting their searches on hold. This trend coupled with the foreclosure moratorium set to end on July 31 could bring more homes on the market and may also impact the high housing prices, according to economist Dr. Martin Cantor. ‘You have the supply chain and an increased cost of lumber and the components put in a new home. And that is increasing the prices and making it a little bit unaffordable for new buyers,’ he said. ‘When you have more supply and existing demand, the housing prices have to go down. That’s pure supply and demand.'”

“So what can buyers and sellers expect? ‘I wish I had a crystal ball but I think, at this point, prices will more or less plateau, smaller dips than we’ve seen,’ Winters said. ‘As far as the big climb — I think that’s over.'”

The Bay Area Newsgroup. “There are signs of hope for buyers. Inventory in the San Jose metro and an Francisco and the East Bay inched up in May, giving shoppers more choices now and possibly slowing future price increases. In the East Bay, Pleasanton agent Tina Hand said buyers are still stretching budgets to land a house. Some recent buyers have backed out of deals, and others have just left the market in frustration, she said.”

“‘For first-time buyers, it’s still tough,’ Hand said. More homes have been going up for sale this month, she said. Prices do not rise forever. ‘There has to be some sort of correction,’ she said. ‘It’s not sustainable.'”

The Haliburton Echo in Canada. “Following more than 12 months of feverish, non-stop activity, Haliburton County’s housing market is showing signs of slowing down according to numerous real estate agents in the area. And while prices have gone up – around 30 per cent over the past year according to Brandon Nimigon, owner of Century 21 in Haliburton – buyer interest seems to be subsiding somewhat as we head into the latter months of summer. ‘Quite a few of my agents have said it’s been slowing down now for the past couple of weeks. We’re getting to the point now where we’re having one showing over a weekend, versus being fully booked,’ Nimigon told the Echo.”

“Jeff Strano, an agent with RE/MAX Haliburton, held a similar opinion, saying the panic that was brought on by increased demand over the spring has certainly died down. ‘Demand is still strong, but it’s certainly nowhere near what it was over the first three or four months of the year,’ Strano said. ‘In the spring, if you had a vacant one-acre lot for sale, you could have got, say $120,000 for it. Now they’re just sitting there. They’re not selling at all. The market is kind of returning to normal. It’s the same residentially too – the odd residential property will sell over the asking price, but it’s more the exception than the rule at this point.'”

“Residentially, during the first quarter of the year, there were 72 units sold, for a median price of $462,750. Over the second quarter, that increased to 81 sales, for a median price of $424,900. ‘That just speaks to the inventory levels,’ Strano informed the Echo. ‘There has been a little more inventory on the market, but noticeably less buyers. Whereas before, back in the spring, it was normal to get 15, 16 offers on a single property, today we’re maybe seeing one or two… The number of showings, instead of getting between 30 and 50 people through a property, we’re now seeing six to 10.”

“‘It was bound to happen sooner or later. It’s sort of coincided with a usual lull we see in the summer, but there was no way things could continue the way they were going,’ Strano added. ‘I feel bad for first-time buyers. We just sold a place on Gelert Road. It was listed at $249,000, and it sold for $300,000 to a first-time homebuyer… It’s basically a cottage on piers, with plywood skirting, so she’s going to have to winterize it and do a ton of work,’ Strano said.”

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This Post Has 91 Comments

  1. ‘during the first quarter of the year, there were 72 units sold, for a median price of $462,750. Over the second quarter, that increased to 81 sales, for a median price of $424,900′

    The winnahs!

    ‘I feel bad for first-time buyers. We just sold a place on Gelert Road. It was listed at $249,000, and it sold for $300,000 to a first-time homebuyer… It’s basically a cottage on piers, with plywood skirting, so she’s going to have to winterize it and do a ton of work’

    Anotha winnah! Give her the money back Jeff? (She’ll need it to feed the penguins huddling under her uninsulated floor). Oh hell no.

  3. ‘two years ago that $150,000 home was probably 125, sometimes a little bit less. We’re seeing that the increase is there but the quality the home isn’t necessarily there it’s still probably the quality, it was before’

    Probably it’s two years older Lisa.

    1. The verbal diarrhea and pretzeling gyrations of these realtors is priceless.

      They’re just dumb.

  5. ‘We believe many of the past year’s buyers likely pulled forward their intended purchases to take advantage of low mortgage rates and remote working opportunities, while stimulus checks provided down payment support’

    Free money go now? That’s some rock solid lending right there.

    ‘New home sales fell in June to their lowest level since the depth of the pandemic, in April 2020’

    The lowest since the urine soaked mattress days?

    ‘There were 353,000 new homes for sale at the end of June, the highest monthly inventory since December 2008’

    Sacré bleu!

    1. “…Fannie Mae chief economist Doug Duncan said…”

      “…while stimulus checks provided down payment support…”

      If potential buyers finances are so razor thin that he has to rely on stimulus checks as partial down payment, then he as no business buying a house. Its a disaster in the making and the lenders know it.

      1. It’s a lot worse than that:

        March 26, 2020

        “As America heads into a deep recession, the $11 trillion residential-mortgage market is in crisis. Investors who buy home loans packaged into bonds are dumping even those with federal backing because of panic that millions might not make their payments. Yet one risky sector had started to show cracks long before the coronavirus pandemic sparked the worst financial meltdown in 12 years: the federal government’s largest affordable-housing program, whose lenient terms are geared toward marginal borrowers.”

        “As real estate prices soared in recent years, working-class adults everywhere have increasingly relied on mortgages backed by the Federal Housing Administration — and U.S. taxpayers. Since 2007, the FHA’s portfolio has tripled in value to more than $1.2 trillion, almost 11% of the market. While private lenders make these loans, they are packaged into Ginnie Mae bonds, common in mutual funds and pensions.”

        “Before Covid-19 started roiling China, a November FHA report found that 27% of borrowers last year spent more than half their incomes on debt, a level it describes as ‘unprecedented.’ The share of FHA loans souring in their first six months has doubled over the last three years to almost 1%.”

        “Not long ago, Alex Castillo drove his shiny black Infiniti SUV through an office park north of the San Antonio airport, along a busy seven-mile stretch of highway that loan officers call ‘Mortgage Row’ because of its abundance of small independent mortgage companies that dominate FHA lending. Castillo, who has the words ‘The Dream Starts Here’ stitched into his jacket, works for Pennsylvania-based American Residential Lending. Oddly, amid the pandemic, his business is booming. His customers locked in FHA mortgages after interest rates plunged this month — adding to federally backed mortgage debt.”

        “‘If the government tells me you’re good enough to get a loan, I have to trust and believe in the government,’ Castillo said. ‘Then we just hope and pray that the client doesn’t get foreclosed on.’”

        “In downtown San Antonio, scores of investors stood on a parched lawn beside the city’s historic granite-and-red-sandstone courthouse. It was the first Tuesday of February, the day of the foreclosure auction. Matt Badders, a San Antonio lawyer who represents lenders, auctioned off two houses. The failed mortgages remind him of the run-up to the financial crisis 12 years ago, when lending to customers with spotty credit nearly brought down the world’s financial system. ‘We’re almost back to 2007, when mortgage originators are waking people up on park benches, saying sign here,’ Badders said.”

        “At the auction, the crowd bid on 338 homes, a third with FHA mortgages, according to Roddy’s Foreclosure Listing Service. One house had dual master bedrooms, a game room and granite kitchen counters. It sold for $202,000 — $52,000 less than the homeowner borrowed only two years ago. The taxpayer-backed FHA insurance fund will take a loss.”

        “Dave Stevens, FHA commissioner under President Barack Obama and former chief executive officer of the Mortgage Bankers Association, said a recession will expose hidden risks in home lending. ‘This should be an alarm bell to policymakers,’ Stevens said. ‘Sometimes you get blinded by a good economy and suddenly look at it and see a bubble of defaults coming.’”

        “The federal government has decided it doesn’t want to pursue — and has asked a judge to dismiss — a lawsuit against Utah-based Academy Mortgage Corp. The judge refused. The suit claims the company’s staff would repeatedly feed information into an automated federal underwriting system, manipulating it until the computer gave the green light. ‘Decline is a curse word,’ Plaintiff Gwen Thrower, a former underwriter, quoted a manager as saying. ‘We don’t use it.’”

        http://housingbubble.blog/?p=3070

        1. “Investors who buy home loans packaged into bonds are dumping even those with federal backing because of panic that millions might not make their payments.”

          The Fed fixed this problem with the onset of $40 billion a month in MBS purchases.

    3. “That’s some rock solid lending right there.”

      Yeah? Well the loan may go South but I will still get to keep the fees.

      And as for the money that is put at risk? Bahahahahahaha … it belongs to somebody else.

    1. pelosi pulled the strings. 4chan believes a foreigner named david bailey pulled the trigger. there are others that believe a military lt. pulled the trigger. either way, it was run by people who hate this country.

  9. “It’s a bit like Black Friday, but for homes instead of 72-inch TVs.”

    In Sioux Falls, South Dakota? LMFAO!!

  10. The Globalists are bringing back the mask mandates, including masks for people who had the CCP Flu vaccine.

    Globalists gonna globe.

  11. “In Craven County, the housing market still favors the sellers’ and will remain that way, however a steady balancing has begun.”

    They must have a bevy of craven, subprime-financed buyers down there.

    1. “They must have a bevy of craven, subprime-financed buyers down there.”

      Probably so. Go here …

      “The median income for a household in the county was $35,966, and the median income for a family was $42,574. Males had a median income of $28,163 versus $21,412 for females. The per capita income for the county was $18,423. About 9.90% of families and 13.10% of the population were below the poverty line, including 18.50% of those under age 18 and 11.00% of those age 65 or over.”

      Craven County, North Carolina – Wikipedia
      https://en.m.wikipedia.org/wiki/Craven_County,_North_Carolina

      1. Dr. Malone retweeted the video of the Maryland nurse, adding “this pretty much nails it.”

      2. Some decent points, but not enough to fly into a panic. It’s the usual stuff. Some event happened — omg the virus is worse — therefore it MUST be because of the vaccine. Never mind that these mutations and events occurred before anyone was vaccinated.

        His one new point refers to nasal titers in vaccinated vs. unvaccinated … is he referring to the CT for PCR tests? And he also says they are “only seeing this in the Pfizer vaccine (not Moderna or J&J), and only the Pfizer vaccine is waning.” So far, Pfizer is shown to be waning only in Israel. If so, then DUH we’re only seeing it in only the Pfizer vaccine, because Pfizer is the only vaccine Israel used!

        Or, does Dr. Malone really have United States nasal titer test data with a breakdown of not only of vaccinated vs. unvaccinated, but also including WHICH vaccine? In that case, he has more data than the state health departments and the CDC. Let’s see this breakdown data, Doc.

        As for the Maryland nurse… well, I tried to report on some videos from a PhD nurse in Britain… and got lambasted here on HBB because “he was only a nurse.” I guess some nurses are more equal than others.

        3. Peter Hotez and Paul Offit, vaccine shills, warned about this early last year before they fell back in line. I posted their congressional testimony and interviews here.

        4. “Oh sh!t. Dr. Malone thinks we’re seeing antibody-dependent enhancement.”

          The only published study I am aware of that analyzed the antibodies generated after vaccination against CV found that the majority of the antibodies identified enhanced infection. This was an older paper. Also ADE was a significant problem. In many previous animal studies. Whether ADE is a real current clinical manifestation of the ham sandwich is impossible to know…because the whole thing is no longer science…it’s Scientology.

          2. A reminder about Dr. Malone: He’s not just the inventor of mRNA vaccine technology. He had COVID and was vaxxed so he could travel. He’s the last person you would expect to be speaking out against these injections.

        5. and got lambasted

          You get lambasted on this subject because you pose as something you’re not, an expert of superior intelligence.

          1. Without providing her sources, so that we can evaluate credibility as well the information itself.

          3. I think that’s the same Dr. Malone interview you posted above. Anyway, I did catch the first minute, where Fauxi does seem to confirm that the nasal titer data is the same for vaccinated and unvaccinated people in the US. However, even though the titer is the same, the death rate is not the same. So the hypothesis is that no matter how much virus is in the titer, the vaccinated body can fight it off. What Fauxi and the CDC are more worried about is the spread. I’ve read comments (including mine) that favor just letting everyone get exposed, vaccinated and unvaccinated alike, and be done with it. But that would flood the hospitals with unvaccinated cases. The CDC wants to prevent that, hence the masking.

            I’m doubting whether masks will work. Masks did slow (but did not stop) the spread of D614G and Alpha, but if there’s so much more titer and replication with Delta, I don’t think the cloth masks will prevent many cases. Especially since people have abandoned social distancing and absolutely no one is talking about locking down.

            I’ll just gloss over “Dr.” Naomi Wolf.

          4. where Fauxi does seem to confirm that the nasal titer data is the same for vaccinated and unvaccinated people in the US

            Dr. Malone says this disclosure is “selective” and “disingenuous.”

          5. FOUR DECADES OF STUDIES SHOW THAT MASKS DO NOT STOP RESPIRATORY VIRUSES!!!!! And, it’s not the unvaxxed who’ll be going to the hospital.

          6. I’m done with Dr. Donk. I hate resorting to name-calling because I don’t need to, but Mafi nailed this one.

          7. If you’re “done” with posting lengthy links to same four people without adding summaries, context, or any insight of your own, it’s probably a good thing to stop. It will save me some time and will save Ben a lot of modding. But I was rather hoping you could at least honor me with an original derogatory nickname. Mafi’s pet name is getting rather long in the tooth.

            I came to HBB with an interest in residential architecture and a curiosity about why people 10 years younger than me were buying condos while I was still paying off college loans and putting together a down payment. Ben has done us all a massive service. Through his wisdom, one of my relatives made a good chunk of change. I hope we can all still discuss the design and décor flaws in the houses you post and what sort of value these places have.

    1. GOOD GOD. 😡 It’s one thing to gray out a nothing-special Cold War ranch. It’s quite another to ruin a historic 1760 house built for a hero of the Revolutionary War. That house should have been restored to its 1760 grandeur. Woulda been a great place to host re-enactment parties. Instead, they hosed it down with Home Cheapo plastic paint.

    2. Wow, just wow.

      This all started 25/ 30 years ago when Fed Government took away liability from Big Pharmacy for vaccines. The Business model became vaccines for everything and mandated programs for children. Yearly flu shots , and a quest for gene enhancement therapy vaccines that never really passed the scrutiny of safety.
      Gain of function research funded by Dr Fauci that looks like a sinister development to create the need for Vaccines not naturally occurring.
      The White House and Government Health Agencies and fake news pumping Big Pharmacy Agenda of Medical Tyranny of forced vaccines globally , over a Panademic using bogus PCR tests to determine, over a threat to small fraction of the population.
      All this when they had medicines that worked on the vulnerable to Covid. The murderous suppression of drugs that worked, with thousands deprived who died, while they waited for their one solution vaccines to be rolled out, under EUA.

      And now in spite of evidence of adverse reactions and death caused by the new technology vaccines, and the vaccinated are getting Covid mutations, they double down on fake news, censorship, and a failed experiment with a vaccine program that should of never been approved to begin with, given the fraction of the population at risk of Covid hospitalition.

      It just shows you how much Big Global Monopolies have corrupted the Government and Government agencies, while Globalist controlled fake news and censorship brainwashed for fraudulent narratives.
      Its a major collusion by Big Global Monopolies and the Davos Group to control US and other Countries for a Innsurrection by these Entities.

      This is a nightmare of Big Pharmacy Agenda being forced by Corrupted Health agencies, in collusion with Fake and censored news, to use a Medical fraud of epic harm as a weapon of destruction and Control.
      Now that the vaccines are failing , and adverse reactions are off the charts, they double down on forcing the vaccines and children will be the next big target to be forced.
      And blaming the unvaccinated and punishing them and even forcing vaccines to be able to keep your job, or go to a concert or engage in commerce , or go to a restaurant , is saying the unvaccinated cannot engage in life and your jailed in your home.
      You have to wear useless masks, that cause damage , and useless lockdowns are coming soon if they do what it looks like is coming.
      The criminally rigged election has brought on this collusion of Entities that want Top down control of global populations, by fraud and force.
      And, they are forcing the Medical system to deliver their poisons by bribery, extortion or threat of job loss or medical board hassling of Drs.
      The Medical system was taken over by Big Pharmacy anyway while discretion by Doctors was replaced by Big Pharmacy standard of care.
      This is truly evil now, they got to be stopped or rebelled against. Seriously!

      1. The clinical trial control groups were vaxxed after the EUAs. They’ve got to jab everyone now so they can blame a variant.

        1. Who could be impressed with their trials that were not sufficient for a new technology vaccine that needed to be time tested, especially since other trials in the past the animals died.

          As far as I’m concerned , the old vaccine technology might of been acceptable under EUA under these circumstances, but not this gene altering vaccine.
          No doubt a gene vaccine would be cheaper to produce because your getting the persons own cell to make the spike protein, so on top of everything else they are cheap bastards .
          They are parasites wanting to parasite off of peoples RNA/ DNA.

          1. off of peoples RNA/ DNA

            Which apparently might not work out so well.

            I think it is possible that the FDA will roll over and give approval to these pseudo vaccines, because emergency and all. Then we’ll be able to look forward to more Wild Wild West.

  19. Tucker just dismantled Rochelle Walensky of the CDC for going on CNN and flat lying about Covid killing more kids than the flu. He did it using the CDC’s own numbers. Not to mention 35% of their own numbers for kids dying from Covid admittedly had comorbidity, like Leukemia.

    1. Covid killing more kids than the flu

      I was on a conference call with Rady Children’s Hospital last May 2020. They had 2 pediatric cancer patients, one on chemo, who both tested positive but were doing fine. At that time, RCH doctors were warning about severe child abuse and the mental health ramifications of lockdowns. We’ve known for over a year kids aren’t at risk.

      1. When I personally spoke with RCH’s chief medical officer on the phone, I casually asked if they were using HCQ. She basically poo-pooed it in favor of Gilead’s remdesivir.

  20. ” I don’t think we will fly into a balanced or buyers’ market very quickly, but rather, I think it will be a steady change over time,’ said Amber Jones, local real estate agent with Keller Williams Realty New Bern.”

    IOW…The market is crashing. Realtors only lie.

  21. Biden Motorcade Greeted by Jeers and Middle Finger Salutes Arriving in Pennsylvania

    https://theconservativetreehouse.com/blog/2021/07/28/biden-motorcade-greeted-by-jeers-and-middle-finger-salutes-arriving-in-pennsylvania-video/

    The people of Pennsylvania showed up to greet the installed occupant of the White House, Joe Biden, upon his arrival in Pennsylvania – which he calls his home state. The illegitimate office holder was scheduled to speak at Mack Truck Plant in Macungie, Pennsylvania.

    Unfortunately for those who are attempting to manage the White House, the jeers, boos and middle finger salutes from the crowd was not exactly what they were looking for.

    1. “…the jeers, boos and middle finger salutes from the crowd…”

      That will bounce-off a politician like rain drops on a duck.

  23. After a Fed-funded pandemic bubblet, new home sales are quickly plunging into the crater, even before interest rates go up by a skoch.

    Enjoy the ride down, FBs.

  24. Do you think governments will eventually ban counterfeit cryptocurrencies, like Bitcoin, in order to support their newly established sovereign cryptocurrencies?

    2. The dollar, which is backed by nothing, also fits the criteria for counterfeit currency, thanks to the Keynesian fraudsters at the Fed and their deranged money printing.

    3. You might be interested in @Bitfinexed on Twitter:
      Exposed Bitfinex & Tether as one of the largest financial frauds in history. Covered by The New York Times, Bloomberg, WSJ, CNBC & New York Attorney General.

  25. Henry K. Lee
    @henrykleeKTVU
    ·
    Jul 27
    1/2: These 4 women ran off after going into
    @cvspharmacy
    at Van Ness & Jackson in SF and “picking the place dry,” witness says

    https://twitter.com/henrykleeKTVU/status/1420054905834725376?s=20

    Henry K. Lee
    @henrykleeKTVU
    ·
    Jul 27
    2/2: After these 4 women ran off after boosting merch from
    @cvspharmacy
    at Van Ness & Jackson in SF, witness
    @SteveAdams80182
    says he asked staffers if they were going to call
    @SFPD
    “but they just shrugged”

    1. Vibrants in Democrat-Bolshevik malgoverned urban cesspools have free rein to get an early start on the redistribution of the wealth, with store loss prevention personnel helpless to intervene. The costs of such wholesale theft will be passed on to paying customers, leaving corporate profits unaffected. Forward!

      San Francisco shoplifting: Women caught on video allegedly bolting from CVS with bags full of stolen goods

      https://www.foxnews.com/us/san-francisco-shoplifting-retail-cvs-pharmacy-video

      1. Soros-installed DA refuses to investigate brazen instances of mail theft caught on vide

        Doesn’t the Post Office have its own police to investigate mail theft?

        1. “Doesn’t the Post Office have its own police…”

          They do, and they’re happy to dole out free “room-n-board” in places like Terre Haute, IN.

    1. A bilingual teacher I know told me that she has to teach Guatemalan kids to not eat with their hands.

  28. Another non-Narrative Compliant story for the MSM to consign to the memory hole, as vibrancy in Democrat-Bolshevik malgoverned urban cesspools reaches epidemic proportions. RIP, Than Htwe.

    Asian woman, 58, dies 11 days after being pulled down NYC subway station steps by mugger: Police hunt 52-year-old suspect

    https://www.dailymail.co.uk/news/article-9835929/Asian-woman-58-left-coma-attacked-NYC-subway-dies.html

    The 58-year-old Asian woman who fell into a coma after being attacked on the New York City subway on July 17 has died from her injuries 11 days later.

    Than Htwe, an immigrant from Myanmar had been hospitalized since she was attacked by a man trying to steal her son’s backpack at a Chinatown subway stop.

    2. And all of these attacks against Asian Americans were perpetrated by Black guys, if my memory is correct. Imagine the outrage of the Democrats and MSM if WHITE guys were targeting and killing Asian Americans? I can tell you that blacks have been targeting Asian Americans across this country for over 60 years. Being an Asian American myself I grew up with knowledge that nobody was going to protect me if I got jumped by a black guy or guys.

      Asian American organizations that support the left and Democrats are literally committing suicide and this latest victim in New York is just another casualty of the myth that anti-Asian violence is perpetrated not by racist White Christians Conservatives, but by black thugs in the big cities of America.

      1. Asian American organizations that support the left and Democrats are literally committing suicide

        Politics is a very strange thing. For instance, Mexicans and Blacks tend to be leftists (for the free Gibs), but they despise each other.

      2. Yep, another false narrative that Whites are attacking Asians. Also, its obvious that Asians are successful in merit based systems requiring work ethic and performance.
        And, the evidence shows that Asians have bigger brains than whites, or all the other ethnic groups.
        Its just a fact, but facts don’t matter.
        I think all ethic groups have different strengths and weaknesses that’ can’t be solved by the Communist notion of collective equality. A good work ethic can overcome a lot in the competition to succeed.

  29. This is somewhat of a new concept that Private Party Globalist Monopolies / Banking Cartel/ Wall Street, and Elites would be trying to take over the US and many European Countries. Also, they seem to have some sort of collusion going with China with them being the monopolized manufacturing Country . Its this One World Order concept where they rule. The majority in the US didn’t vote for this. Its some weird combo of Communism/ Fascism, with these Private Parties getting their crazy self serving loot job agendas by treasonous corrupted government doing their biding.

    So, they use any ideology and false narrative to divide and conquer for this takeover that would destroy all freedom and Constitutional protections.
    Its a collusion of Private Party Monopolies basically saying that they have now become the Government. No doubt this is why they had to criminally rig the election , because Trump would of won by a landslide. The treasonous / corrupt Biden will do anything this criminal Innsurrection wants, invasion of the borders and forced vaccines for starters.
    Really very bone chilling that this takeover of Government is in control of military now. Its really very unsettling that white US Citizens or Trump supporters are being deemed enemies of the State by Biden. Stalin and Nazi tactics to demonize over half the population .
    So because I’m white, was a Trump voter, and I’m unvaccinated, I’m being targeted for Gods knows what by this criminal White House.
    But, the brainwashed are so stupid if they can’t tell by now that this criminal Innsurrection of our Government will not give them their vision of Communist utopia or social justice or equity.
    You will have nothing you will eat bugs, have limited energy, and be forced to take vaccines ongoing , and have limited freedom. That is what this criminal insurrection of Entities wants for the populations. And its not out of the realm of possible that they have a depopulation agenda of mass murder.

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