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The Mania Is Now In The Rear View Mirror

A report from the Record Eagle in Michigan. “Andrew Dodson and his wife were able to secure a home near downtown Traverse City before the housing bubble expanded after the new year. Still, Andrew said their new home cost about $450,000. ‘Since we’ve closed, I’ve followed the houses in the neighborhood and I’m just amazed,’ he said. ‘There’s a house down the street that sold for I think $1.2 million. I keep following the houses in town of similar size and they’re going for 50, 60, 70 over what we paid.'”

From WVIR in Virginia. “The Charlottesville Area Association of REALTORS has released its latest quarterly report, and housing prices are still through the roof. However, the report says mortgage rates are starting to settle and pandemic buying has started to calm down. ‘We’re having a little increase in days on market, a little less fervor at each sign in a yard and at each new listing, and still a lot of value,’ CAAR President Quinton Beckham said. ‘Not quite the wildfire that it was.'”

From South Tahoe Now in California. “This market can’t possibly sustain itself-right? So what are some indicators that the market may eventually slow down? Well-known Real Estate Appraiser and Housing Market Analyst, Ryan Lundquist shares seven indicators of a softening market. More homes are selling below the list price: There are slightly more homes selling at or below the list price right now. For two months in a row we’ve seen fewer multiple offers in the Sacramento region. More listings are hitting the market: We still don’t have enough listings to satisfy demand, but there are now literally hundreds of extra listings on any given day in the Sacramento region compared to a few months ago.”

From Palo Alto Online in California. “The first half of 2021 was the most active six months in the past decade for the local real estate market with 431 new listings on the multiple listing system — a 45% increase from the first half of 2020 and 30% more than the past 10-year average. Unlike the supply shortage reported in the news for most parts of the nation, Palo Alto had an ample supply of houses for sale. Neighboring Menlo Park and Los Altos also experienced their largest inventory since 2011.”

“The increased supply was driven in part by pent-up demand due to the pandemic and by the very strong pricing environment at the beginning of the year after more than two years of price correction.”

The Oklahoman. “It was an abrupt slowdown, compared with most of the first half of the year. January’s 484 new-home starts were down 3.4% compared with the year-ago number, but February-May saw bounding increases of 7%, 21.5%, 77.6%, and 45.3% ccording to Dharma Inc.’s Builder Report. It all left construction ahead of last year 21.8% compared with the first half of 2020.”

“The stats went flat in June even with demand for houses still robust, although it has cooled somewhat. ‘With interest rates still extremely low, Ideal Homes & Neighborhoods is seeing a higher sales volume than the same time period in 2019, but sales are trending toward a more normal volume compared to the previous 12 months,’ said Erin Yarbrough, the Norman-based builder’s director of marketing. ‘While our completed homes for sale are still extremely low in inventory, the number of homes completing in the next 30-90 days offers a larger selection of options for home buyers than they’ve had over the past 12 months.'”

From National Mortgage Professional. “‘Home sellers are increasingly having to lower their expectations,’ said Redfin Chief Economist Daryl Fairweather.”

From Yahoo News. “Millions of homeowners are delinquent on their mortgage, and after the foreclosure moratorium expired Saturday, many of them face the threat of eviction. ‘For them to allow us to do the forbearance, it was a blessing,’ said Laura Landry, a New Orleans homeowner. ‘But then when you think you got to make all those payments all at once again eventually, that’s when reality wakes you up.'”

The New York Post. “Developers, landlords, building lenders and other industry associates pumped nearly $500,000 into Cuomo’s re-election coffers over the past six months. ‘It’s classic pay-to-play. There’s no doubt about it,’ Michael McKee of the Tenants PAC, which wants the law repealed, charged of the political donations to Cuomo. ‘We are going to spearhead a major campaign to terminate this law. It’s totally obscene we are subsidizing millionaires and billionaires with property tax breaks. There’s a glut of luxury housing.'”

The Georgia Straight in Canada. “By all indications, markets marked another slowdown in July 2021. The decline is most pronounced in detached homes. Numbers crunched by Zealty.ca indicate that 1,041 single-family homes were sold in markets served by the Real Estate Board of Greater Vancouver (REBGV) in July 2021. The number represents an 18 percent month-over-month decline from June 2021, and a 7.4 percent drop compared to July 2020. The same picture emerges for the markets served by the Fraser Valley Real Estate Board (FVREB). It’s the same story for the Chilliwack and Region Real Estate Board (CADREB).”

“These all mean one thing for Adam Major, CEO of Zealty.ca. ‘This is a sign that the COVID mania driving demand for more space and a detached home in the suburbs is finally reversing,’ Major told the Straight. Real estate markets peaked in Greater Vancouver and the rest of the Lower Mainland in March 2021. That is all now in the rear view mirror. ‘Bottom line is that although the market has slowed 42 percent since March,’ Major said about Greater Vancouver.”

“Meanwhile, the federal government of Canada announced on July 30 that it is extending COVID-19 benefits and business supports. ‘Thanks to Tiff and the free money machine for keeping the party going!’ Major said tongue in cheek. ‘Let’s hope they never take the punch bowl away!'”

From Toronto Storeys. “Canadians drove up real estate prices in the last year as they went into a buying frenzy, deciding to make that first-time purchase, relocate, or upsize. But one third of homeowners report feeling ‘house poor,’ and nearly half are concerned that they won’t be able to make ends meet in the next year without going deeper into debt — the highest level in three years.”

“Buyers who purchased homes at the peak in the last year and who are also racking up other debts could be vulnerable, say industry experts. If they purchased at the peak in the last year, and there is a market correction, as well as a spike in rates, the concern is their ability to ride out the mortgage payment increases. ‘If you are getting into a home on early inheritance or some other form of down payment, and you are thinking that low interest rates will continue on throughout the duration of the mortgage, I think there are going to be some surprises,’ says MNP president Grant Bazian.”

“Another group that could be at risk are the ones who have been buying up multiple properties as investments. Mortgage broker Derek Christiansen, who’s been in the business for 18 years, says a lot of mortgage brokers have seen that sort of activity in the last year, by people who are just average income earners, without a buffer. They could be in trouble. ‘I’ve seen some people that have no business owning two or three properties stretching themselves to buy two or three properties. Some have done really well and made huge money. Others are in trouble if COVID happens again and the tenants decide they don’t want to pay the rent.'”

The Associated Press. “Evictions nationwide are expected to ramp up after the federal moratorium pausing many during the pandemic ended. In Cleveland County, North Carolina deputies never stopped serving eviction paperwork to struggling tenants.”

From CBS 19. “In Rhode Island on Monday, Gabe Imondi, a 74-year-old landlord, was in court hoping to get an eviction execution — the final step to push a tenant out of one of four housing units he owns in nearby Pawtucket. Imondi said he and his tenant both filed forms for the billions in federal aid meant to help keep tenants in their homes but so far, he said, he hasn’t seen a cent of the state’s $200 million share.”

“A retired general contractor, Imondi estimates he’s out around $20,000 in lost rent since September, when he began seeking to evict his tenant for non-payment. The eviction was approved in January. ‘I don’t know what they’re doing with that money,’ Imondi said.”

“While the moratorium was enforced in much of the country, there were places like Idaho where judges ignored it, said Ali Rabe, executive director of a non-profit that works to prevent evictions in the Boise metropolitan area. The non-profit represented renters in about 800 evictions in the past year, and only once was the moratorium enforced, Rabe said. Statewide about 1,500 people were evicted in the past year, she said. ‘Eviction courts ran as usual,’ she said.”

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This Post Has 131 Comments

  1. ‘there are now literally hundreds of extra listings on any given day in the Sacramento region compared to a few months ago’

    Speculators rushing for the exits is a sign of a burst bubble.

    ‘In Cleveland County, North Carolina deputies never stopped serving eviction paperwork to struggling tenants..Eviction courts ran as usual’

    I included these to make a point. In Arizona as elsewhere, there wasn’t any eviction moratorium in reality. You may have judges not doing their jobs in some places, but there never was a legal basis. Wa! you say.

    That’s right: we’ve been fed a steady stream of horsesh$t in this country for the entire CCP virus hoax and longer really. (Remember “Russia Russia?” Where did that go?) The media perpetuates lies constantly, makes up new lies constantly. This farce of an eviction thing shows that perfectly.

    OK, so why create this lie? Cuz they wanted to make you think the guberment controls all. Resistance is useless. A corrupt, senile pedophile is the most popular politician in all history, even though he’s covered in sh$t and still can’t draw flies.

    ‘I don’t know what they’re doing with that money’

    This is another emerging scam. I’ve got several articles showing these guberments have “released” 2 or 3% of the money for “rental aid.” All over the country. As of a month ago San Francisco hadn’t sent out a single check, even though they got massive monies from the feds. So why is that?

    1. “even though he’s covered in sh$t and still can’t draw flies.”

      🤣🤣🤣🤣👍

    2. Another related event I’ll repeat: many months ago, we were told we “may be allowed” to not wear mouth hankeys. The treasonous dog guvnah of Arizona, may he swing from a lamppost, announced – there never was a mouth hankey ordinance in Arizona!

      Yeah, they actually thought they’d gotten away with that! For almost a year every door to a business shouted “wear yer mouth hankey dammit!” then, “there never was a law really!” This is how blatant and arrogant the lies have become.

      1. A lie within a lie. It’s been proven over the last 40 years that mouth merkins don’t do a damn thing to prevent respiratory illnesses.

          1. “Those who can make you believe absurdities, can make you commit atrocities.” ― Voltaire

          2. Liberals used the term ” ‘merkins,” with the apostrophe, as a label for the mouth-breathin’, truck-drivin’ gun-totin redneck conservatives. Supposedly ‘Merka is how a redneck pronounces “American,” with a rural drawl. ” ‘Merika” or “Merka” is the redneck version of “America.”

    4. Just being announced Biden administration will extend the eviction moratorium for 60 days I am assuming by executive order. This never ends until people stop complying. The masks, the lockdowns, the jabs, etc. it’s forever. They are never willingly going to let people go back to freedom and prosperity. It’s 1984/Brave New World. It’s here now….what they warned us about….these were not works of fiction.

      “There will be no curiosity, no enjoyment of the process of life. All competing pleasures will be destroyed. But always— do not forget this, Winston— always there will be the intoxication of power, constantly increasing and constantly growing subtler. Always, at every moment, there will be the thrill of victory, the sensation of trampling on an enemy who is helpless.
      If you want a picture of the future, imagine a boot stamping on a human face— forever. ”
      1984

      1. “This never ends until people stop complying.”

        Or politicians start turning up no longer breathing.

  3. ‘Unlike the supply shortage reported in the news for most parts of the nation, Palo Alto had an ample supply of houses for sale. Neighboring Menlo Park and Los Altos also experienced their largest inventory since 2011’

    This is the same UHS who honestly reports actual facts. She said a few years ago that suddenly, shacks would get a million peso cut and NOT SELL! There is no shortage of shacks anywhere in the world and there never has been.

    ‘after more than two years of price correction’

    Have you heard this anywhere else in bay aryaniana? To hear the REIC tell it, this is the hottest of the red hotcakes. But we know they’ve been ebola! for two years.

  4. ‘Thanks to Tiff and the free money machine for keeping the party going!’ Major said tongue in cheek. ‘Let’s hope they never take the punch bowl away!’

    Hurrah for Tiff!

    ‘one third of homeowners report feeling ‘house poor,’ and nearly half are concerned that they won’t be able to make ends meet in the next year without going deeper into debt — the highest level in three years’

    Oh fudge Tiff.

    ‘people who are just average income earners, without a buffer…‘I’ve seen some people that have no business owning two or three properties stretching themselves to buy two or three properties’

    Now that’s some rock solid lending right there.

    1. damn, Ben: take it ez compadre . . yer gonna stroke-out at this pace. . . and I don’t mean keyboard.
      THEN where the hell am I gonna be able to post my occasional rants & chants !?!
      Dear Playboy? banned
      Sac Bee ? oh, please
      Mr banker and many others will take up w/loose women & go on drunken rampages if this blog ends.
      think of so many that depend on you.
      think of the children.
      the CHILDREN, BEN!

      1. I’m actually a very calm guy. But I’m not gonna sit here and let these people say there wasn’t a thing when they pretended there was. We can’t let pretend masquerade as law or lawful. And the lies are knee deep anymore.

        1. yep, I hear ya. I’m the same way.
          just a little morning levity.

          (i once worked a job in florida where my co-workers joked:
          “your a white boy with a cuban temper!” all of us laughed so hard. me, the loudest! )

          rock-on Ben Jones. the world always needs more cowbell.

  6. If they purchased at the peak in the last year, and there is a market correction, as well as a spike in rates, the concern is their ability to ride out the mortgage payment increases

    All mortgages in Canaduh are variable rate, though I expect there is incredible pressure to not raise rates. So what will happen once inflation spirals out of control in the great white north? Will rates rise, or not?

    1. All mortgages in Canaduh are variable rate

      Rather, fixed rate at short term. This gives the debt donkey perhaps a couple of years to prepare for personal bankruptcy when the day comes that they can’t sell and they can’t refinace.

    1. Oil is also tanking, and the Wall Street Journal reported yesterday on record low negative real yields for Treasurys.

      Lots of asset price movements seem to be signaling stormy weather ahead on Wall Street, but stonks are not following suit thus far.

      1. Bonds
        10-year Treasury yield drops to 1.15% amid disappointing data, delta variant concerns
        Published Mon, Aug 2 2021
        3:47 AM EDT
        Updated Mon, Aug 2 2021
        3:52 PM EDT
        Yun Li
        Vicky McKeever

        Treasury yields dropped to start the week after economic data pointed to a slowdown in growth, while rising concerns about the delta coronavirus variant made investors flock to safe-haven bonds.

        The yield on the benchmark 10-year Treasury note fell 8 basis points to 1.15%. The yield on the 30-year Treasury bond dipped 5 basis points to 1.836%. Yields move inversely to prices. One basis point equals 0.01%.

        The U.S. manufacturing sector kept expanding in July, but at a slower pace than a month ago. The July Manufacturing PMI registered 59.5% a decrease of 1.1 percentage points from the June reading of 60.6 percent, according to the Institute for Supply Management.

        The spread of the delta virus variant continued to unnerve investors. The U.S. is averaging more than 72,000 new Covid cases a day the last 7 days, according to the latest CDC data, levels not seen since February this year.

        The economic picture is closely watched by the Federal Reserve as the central bank tries to decide when it should start tightening monetary policy.

        The Fed could begin slowing down its bond purchases as early as October, should the August and September jobs report show growth in the 800,000 range, central bank Governor Christopher Waller told CNBC in a Monday interview.

        “In my opinion, that’s substantial progress and I think you could be ready to do an announcement in September,” he told CNBC.
        …

  8. ‘There’s a house down the street that sold for I think $1.2 million. I keep following the houses in town of similar size and they’re going for 50, 60, 70 over what we paid.’”

    You’re quite the clever one, Andrew. Just wait until the Fed’s Everything Bubble bursts and trillions in fake Yellen Bux wealth rolls off like FB tears in the rain.

    1. I had to look this up. Traverse City looks like a lake town and not much else. The $1.2 million house was probably on waterfront, which is the only way I can think why a $1.2M house would be on the same street as a $450K house. 🤔

  9. “‘For them to allow us to do the forbearance, it was a blessing,’ said Laura Landry, a New Orleans homeowner. ‘But then when you think you got to make all those payments all at once again eventually, that’s when reality wakes you up.'”

    It’s time for Ms. Landry to have a consultation with Mr. Banker, who can provide innovative financial solutions that will enable her to pay off her large pandemic forbearance debt accumulation with a convenient series of affordable monthly payments over her remaining future lifetime.

      1. Also a win-win for you and Laura. It seems like a match made in heaven. We are so grateful for you to continually do God’s work.

      2. This is also a win-win for you and Laura. It seems like a match made in heaven. We are so grateful for you to continually do God’s work for us.

  10. One of these things is not like the other:

    “We still don’t have enough listings to satisfy demand, but there are now literally hundreds of extra listings on any given day in the Sacramento region compared to a few months ago.”

    1. as a resident of the greater Sacramento area I can’t WAIT to read alllllllllllll the coming sob stories of people “fighting” for their houses, like they’ve been unjustly treated & are waging an epic battle against the forces of evil.

      never mind the untold back story of 5 kids-no-dad-cigarette-in-hand-tattooed-manicured/hair-extensions-gas-guzzling-late-model-SUV-neverending-Amazon/DoorDash-deliveries-kids/grandkids-flophouse-living-
      lifestyle. they’re fighting.for.their.house, dammnit.
      show some sympathy.

      2. “…never mind the untold back story…”

        Need to add latest IPhone, all channels cable TV, and gym memberships.

        Remember, you can’t ‘fight’ for your home unless you spend time at the gym and then drive yourself home in that SUV.

      1. I was ostracized for the same comment after Trayvon, it had nothing to do with race, but that’s when all this racial and equity stuff kicked into high gear.

        1. How are they getting their COVID tests? A the local clinic the day of? Meaning they’re tax-payer funded? Or did they buy 350 boxes of Binax?

          1. Wouldn’t that be part f the catering service?

            I’m curious if Bama charges the Secret Service Room and Board when he’s at the Beach House.

          2. Meaning they’re tax-payer funded?

            Isn’t everything taxpayer funded for the Obamas? Their book deals come from publishers given government contracts for educational textbooks.

    3. Obama and his wife were both just another example of low-rent, underfunded credit junkies before the oligarchs took notice of this “clean and articulate” individual that they believed had the proper moral stance needed for political office. Vice-Presidential candidate Biden’s words in relation to Obama being clean and articulate, not mine.

      These future multi-millionaires actually refi-ed their Chicago condo on two separate occasions, not just once.

      “For the Obamas, the cash-out refi was a good deal. They needed the cash. “Money was perpetually tight,” Obama writes of the time they were raising two young daughters. “The cost of child care, school fees, and summer camps kept rising, while the principal on our college and law school loans never seemed to decrease … Our credit card balances grew. We had little in the way of savings.”

      https://time.com/nextadvisor/mortgages/mortgage-news/barack-obama-mortgage-refinance/

      1. I recall reading an article about when he couldn’t rent a car because his credit cards were maxed out.

      2. From nothing to hundred millionaires. He bent over and gave his asz to Jamie Dimon and Co., in return for a life of riches – at the expense of the American people, of course.

      3. “Obama and his wife were both just another example of low-rent, underfunded credit junkies…”

        Blacks are ideal stooges for the deep state because it’s difficult for anyone to be critical of them out of fear of being labeled a racist.

        1. stooges for the deep state

          He ends up with houses worth a lot more than he ever earned in office. No wonder math is being outlawed.

  14. Quick Olympic update:

    Gwen Berry, she of the turn-away-from-the-flag, placed 11th in the women’s hammer throw in Tokyo. None of the Americans medaled. The burly Polish peasant outthrew all of the Americans by 5 meters.

    Simone Biles, who has mentally recovered enough to compete in balance beam, placed bronze. Probably a good compromise.

    In women’s soccer, Rapinoe & Co. are battling for bronze tomorrow.

    3. “In women’s soccer, Rapinoe & Co. are battling for bronze tomorrow.”

      Good thing Megan We should be paid as much as the men despite bringing in billions less Rapinoe & Co. aren’t playing a 15 and under boys team or they’d for sure be coming home with no medals.

      FC Dallas under-15 boys squad beat the U.S. Women’s National Team in a scrimmage

      By Roger Gonzalez
      Apr 4, 2017

      https://www.cbssports.com/soccer/news/a-dallas-fc-under-15-boys-squad-beat-the-u-s-womens-national-team-in-a-scrimmage/

    4. I am rooting against the US womens’ soccer team, the angry ape-looking woman, and everybody else who is anti-American filth.

      1. +1

        Woke movies flop at the box office
        Woke companies go broke
        Woke militaries lose wars
        Woke athletes are quitters and losers

        1. And yet few of them are going out of business; Hollywood is as woke as ever. I guess you don’t need customers when you’re getting support from billionaires, or China, or both. The only company I’ve seen respond to customer backlash is Gillette. $8 billion loss was just too much for them. They are trying hard to win customers back.

  15. https://off-guardian.org/2021/07/31/whats-really-behind-the-war-on-home-ownership/

    What’s REALLY behind the war on home ownership?
    Becoming a “Nation of Renters” is clearly a big part of the New Normal.

    July 31, 2021

    So what exactly is the narrative here? What’s the story behind the story?
    The short answer is fairly simple: It’s about greed, and it’s about control.
    It almost always is, in the end.

    https://off-guardian.org/2020/11/12/own-nothing-and-be-happy-the-great-resets-vision-of-the-future/

    Own Nothing and Be Happy”: The Great Reset’s Vision of the Future

    World Economic Forum’s video tells us about the plans for humanity in the year 2030

    1. The jobless (and there will be many) could be placed on some kind of universal basic income and have their debts (indebtedness and bankruptcy on a massive scale is the deliberate result of lockdowns and restrictions) written off in return for handing their assets to the state or more precisely the financial institutions helping to drive this great reset.

      I’m gonna guess that the unemployed will be relocated away from the remaining productive. They will indeed own nothing. Not sure if they will be happy. And this scenario will be used as a threat against the still employed: stray from the Narrative and you will be dejobbed and unpersoned. And any assets you might have will be confiscated.

    2. “Own Nothing and Be Happy: The Great Reset’s Vision of the Future”

      You can eat the bugs and the dirt, and enjoy riding your pedal powered bicycle.

      1. Cool. Just as long as I have some sharp machetes and things as I go hunting for the heads of globalists. I’ll be cutting as many off as I can.

      2. “…and enjoy riding your pedal powered bicycle.”

        Matter of fact, I do enjoy my daily 700-calorie bicycle rides. Now if this f**king wildfire smoke would just blow away!

  17. ‘Let’s hope they never take the punch bowl away!’

    You can wish in this hand and sh!t in the other, and see which one fills up faster.

      1. Opinion | Finance
        July 25, 2021 – 03:00 PM EDT
        Time for the Fed to take away the punchbowl
        By Desmond Lachman, Opinion Contributor
        The views expressed by contributors are their own and not the view of The Hill

        William McChesney Martin famously remarked that the job of the Federal Reserve is to remove the punchbowl just as the party gets going. When the Fed meets later this week, it might do well to heed Martin’s sage observation. With the clearest of signs that the U.S. economic party is in full swing, the least that the Fed should now be doing is to begin the process of winding down its present aggressive bond-buying program.

        One sign that the party is already getting out of hand is seen in the bubbles forming in the equity and bond markets.

        Fueled by the Fed’s ultra-low interest rate policy, U.S. equity valuations are now more than double their long-run average and at a level experienced only once before in the last 100 years. Meanwhile, fueled both by low interest rates and the Fed’s continued buying of $40 billion a month in mortgage-backed securities, the U.S. housing market is on fire. At a national level, housing prices are rising by 15 percent a year and are now higher than they were in 2006 on the eve of the housing market bust.
        …

      2. It was time to take the punch bowl away 7 years ago. The tooth is dragging on the ground at this point.

  18. https://www.openvaers.com/

    VAERS is the Vaccine Adverse Event Reporting System put in place in 1990. It is a voluntary reporting system that has been estimated to account for only 1% (see the Lazarus Report) of vaccine injuries. OpenVAERS is built from the HHS data available for download at vaers.hhs.gov.

    The OpenVAERS Project allows browsing and searching of the reports without the need to compose an advanced search (more advanced searches can be done at medalerts.org or vaers.hhs.gov).

    1. I’m waiting to see what Cuomo does next. His 85-page position statement on the sexual harassment allegations against him with photos of other prominent politicians doing supposedly the same thing looks like warning shot. Mutually assured destruction of some sort is my guess. 🍿 🥨 🍿 🥨

      1. The Leftist think tanks have looked at the situation, come to a decision and sent out the memo.

        Biden, Pelosi, Schumer Call On Gov. Cuomo To Resign As New Criminal Probe Announced

        by Jamie White
        August 3rd 2021, 4:40 pm

        https://www.infowars.com/

        1. This is a bit like the Jacobian French Revolution devouring its own. Next up: the reactionaries come in and clean house.

      2. Kamala Harris’ ascent to the top was accomplished on her back and knee caps. Closer to main street, several of the client offices I frequented were like Payton Place even among management.

      3. Letitia James

        These are allegations. Not prosecuted and convicted. She wants his job. I am no fan of conviction in the media.

        I watched some of the live stream. No couching of the particulars. Just He did this and that. No Innocent until found guilty. This is an AG. Cuomo may be guilty, but this is not the way to judge that.

        1. She wants his job.

          I knew she ran on getting Trump but didn’t realize she’d abuse the powers of her office to go after her own party too. Why would any Dem support her?

        2. If they wanted to take out Cuomo, they should have done it on the nursing home deaths. IMO that’s much more significant than touching.

          1. the nursing home deaths

            Maybe, but “protect old people” isn’t very catchy. Latitia’s closing comment at the news briefing was “Believe Women”.

          2. they should have done it

            While more significant, you don’t see the glaring hypocrisy. I have to agree with Janice Dean, who lost her in-laws: whatever gets Cuomo out.

  20. So just heard Biden and the CDC is now going to order another eviction moratorium. This time for another 60 days, taking it till October. Long enough for Congress to come back and extend it again until the midterms. Free housing for the next 18 months coming!

    1. Surprise!, Surprise!, Surprise!

      Of course, no one (except HBB and its readers) could see this one coming.

      2. Or you could ameliorate your “white adjacent” guilt tonight by writing a check to the BLM foundation. 🙂

      3. Already happening through “enhanced” UE bennies. And you can bet your asz they are going to keep extending that. It’s straight up gibs and money printing from now on. This country is finished.

        1. I know, but I was talking about them actually making withdrawals from my savings account.

        2. This just made me think of when the Clintons wanted to confiscate 10% of everyone’s’ 401K/IRA, until the banking clan said no.

          Imagine what that would have done. I have hard time believing that anyone would save another penny in a 401K.

    5. The Supreme Court ruled that they don’t have the authority. So they just go ahead and do it anyway? Who T F do they think they are?

      1. Jonathan Turley via Twitter: President Biden took an oath to uphold the Constitution, not to violate it when he can use the delay in any final order to get the money out the door. In so doing, he is admitting that he would be spending federal money without constitutional authority.

        1. Wasn’t that money already approved to be spent in the previous COVID relief bills, and the states just delayed it? So I don’t think that’s the issue. The issue is instructing state-level judges to defy the Supreme Court. It will be interesting to see what that state-level judges do.

          2. The issue is instructing state-level judges to defy the Supreme Court.

            “I’ll make it legal” – Darth Sidiuous

      2. It’s just what happens when power gets concentrated in the hands of the few. Eventually, a complete megalomaniacal lunatic like Fauci tells you your new arbitrary rules every other week. Mao, Hitler, Stalin, Pol Pot…it’s always the same. The more authority your rulers have over you, the more psychopathic psychotic sadistic blood thirsty and criminally insane those who aspire to be that authority become. Welcome to San Marcos.

        https://www.youtube.com/watch?v=EV4N2dk0cMk

    1. That’s going to extend it until CONgress comes back, then they’ll come up with some bogus “Act” to actually make it law. Georgia was the turning point. Once they rigged that, it was over.

      1. I was wondering that myself. I think they’re going to have a really tough time rigging a mid-term election. Last time, they could get away with targeting only a few precincts, and they had the unifying force of hate. They were able to maintain that for the Georgia Senate because it was already so close.

        In 2022, they would have to disperse the same counting operation over, what, 50 Congressional districts? And this time they know they’re going to be watched like hawks. I think a lot of them would say forget it, it was worth it to get rid of Trump, but I’m not sticking my neck out for a House seat. 2022 will rely on turnout.

        As long as Trump lays low, I think Repubs will do better. Heh, actually Trump has to lay low because he’s been banned from social media. Wouldn’t that be delicious, if getting rid of Trump also gets rid of the very hate machine that had helped Dems win?

        1. “Wouldn’t that be delicious, if getting rid of Trump also gets rid of the very hate machine that had helped Dems win?”

          Getting rid of Trump would also get rid of Dominion Voting Systems?

      1. So, who is going to keep fixing the rent free rentals? Is the Federal Gooberment going to pay to have roofs and furnaces replaced?

  23. Documentary Filmmaker Ken Burns Calls Zuckerberg An “Enemy Of The State” – Because He Doesn’t Censor Enough!

    by Kelen McBreen
    August 3rd 2021, 5:58 pm

    When Swisher asked Burns who the next Muhammad Ali might be when it comes to civil rights, the filmmaker mentioned failed Georgia Democrat Stacey Abrams.

    Burns said of Abrams, “She’s the real deal,” before adding, “I mean, I hope Zuckerberg is in jail by then.”

    https://www.infowars.com/

  27. Dumb questions of the day:

    Why do MSM financial writers believe that pandemics cause housing manias?

    Is it that hard to separate the effects of a global disease outbreak from those of central bank liquidity injections?

    1. The Financial Times
      FT Series Global house prices: Raising the roof
      Global Economy
      ‘It has never been like this’: US house price spiral worries policymakers
      FT Series: Pandemic-fuelled boom boosts smaller urban areas but revives affordability concerns
      Lauren Fedor in Columbus and Colby Smith in New York
      August 3 2021

      House prices are rising in many major economies. This FT series explores whether these increases are sustainable.

      A decade ago, the average house in Ohio’s leafy state capital Columbus would sit on the market for almost 100 days before being sold. Today, a similar property sells in just 10 days.

      “It has never been like this,” said Michael Jones, a real estate agent at Coldwell Banker Realty with more than 20 years’ experience in central Ohio. “It’s unprecedented.”

      US policymakers are becoming increasingly concerned about the rising price of housing for both homeowners and renters, as the broadest global house price boom for at least two decades drives up living costs.

      “Today, it is harder to find an affordable home in America than at any point since the 2008 financial crisis,” Marcia Fudge, US housing and urban development secretary, said at a recent congressional hearing.

      Nationally, house prices in May were 16.6 per cent higher than the year before, according to the latest S&P CoreLogic Case-Shiller index update — the biggest jump in more than 30 years of data and up from 14.8 per cent in April.

      “A month ago, I described April’s performance as ‘truly extraordinary’, and [now] I find myself running out of superlatives,” said Craig Lazzara, global head of index investment strategy at S&P Dow Jones Indices.

      The pace of price growth and sales has been particularly fast in smaller cities, suburban enclaves and towns.

      Columbus’s housing market has exploded since the start of the pandemic, as historically low interest rates, remote working, increased demand for larger homes and a relatively limited supply of houses for sale sparked a feeding frenzy among prospective homebuyers and a windfall for sellers.
      …

  29. Gosh, I’d sure hate to see all those gold-plated FedGov retirements nuked because someone let Grandma Yellen take the wheel and drive the car into the ditch.

    U.S. Treasury suspends government retirement, health fund payments as debt limit resets

    https://www.reuters.com/world/us/us-treasury-suspends-government-retirement-health-fund-payments-debt-limit-re-2021-08-02/?utm_source=reddit.com

    WASHINGTON, Aug 2 (Reuters) – U.S. Treasury Secretary Janet Yellen on Monday took additional steps to preserve the federal government’s borrowing capacity under a reinstated debt limit, suspending some investments in government employee retirement and health benefits funds.

    In a letter to House of Representatives Speaker Nancy Pelosi and other congressional leaders, Yellen said she was suspending investments in the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund that are not immediately required to pay beneficiaries.

  30. Watching the 4:09 interview of this young lady (all of it but especially the last 0:20 which is poison to the Marxist attempting the current overthrow of The United States) really shines a light on how the Left (politicians, MSM, Big Tech, Soros, Gates etc.,) need the division of racism to seize and keep power. No turning her back to the National Anthem here.

    No need for reparations here.

    This girl isn’t an African American, she is an American and she is damn proud of it.

    She hasn’t been oppressed, she has been given the opportunity to work hard and accomplish something amazing.

    Quite honestly I’m surprised this interview has not been taken down for not aligning with the teachings of Critical Race Theory.

    Tamyra Mensah-Stock Takes Gold in Wrestling

    The American wrestler defeated Nigeria’s Blessing Oborududu in the women’s freestyle 68kg wrestling final

    By Bryan Murphy • Published August 3, 2021 • Updated 2 hours ago

    https://www.nbcchicago.com/news/sports/tokyo-summer-olympics/us-wrestler-tamyra-mensah-stock-going-for-gold/2577857/

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