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Obviously The 2009-2010 Numbers Are Gone, They’re Out The Window

A report from Banker and Tradesman in Massachusetts. “Single-family buyers could be in store for a reprieve from the frenzied pace of price appreciation in recent years, as the number of homes for sale slid upwards slightly, to 5,518 statewide. That was in part thanks to 6,340 new single-family listings that came online in July, according to MAR. It’s a continuation of a trend that began last month, when for the first time in many years the number of new listings in June exceeded the number in May, typically when the largest number of listings hit.”

“‘With fewer buyers in the market over the past six to eight weeks, the volume and frequency of multiple offers is down as is the number of bidding wars, and that’s helped relieve some of the upward pressure on prices,’ Greater Boston Association of Realtors President Dino Confalone said. ‘It remains a seller’s market, but we are starting to see more price adjustments and some inventory is starting to sit on the market a bit longer, especially if it’s not priced properly to comparable properties currently listed or recently sold. Properties should be fairly priced, in excellent condition and have a desirable location to sell quickly, even in this hot market.'”

From Bisnow. “Simon Property Group has moved two malls to the ‘other properties’ portion of its portfolio in financial documents, a designation it has given over a dozen malls in the past year that were then surrendered to lenders. Two other malls seem to be heading in similar directions, though they remain listed within Simon’s core portfolio. The two malls now listed as Simon’s ‘other properties’ are Ingram Park Mall in San Antonio and Solomon Pond Mall in the far Boston suburb of Marlborough, Massachusetts, Commercial Real Estate Direct reports.”

“Two of Simon’s malls in suburban Pennsylvania towns similarly distant to Philadelphia also have loans that are either in distress or worse. The Oxford Valley Mall in the Bucks County township of Middletown saw its appraised value drop from $255M to $39M from its loan’s issuance in 2011 to its maturation in December 2020.”

The Crimson White in Alabama. “The Tuscaloosa City Council unanimously extended a ban on the construction of student housing developments with more than 200 beds until May 1, 2022. The ban, which prevents the construction of large student housing complexes, was originally adopted in June 2020 and has been extended multiple times. ‘It’s very concerning when you have that many large complexes. They can go bad, you know,’ City Council President Kip Tyner said. ‘I think we need to put the brakes on, for a while, anyway.'”

From Berkeley Side in California. “The 2020 census data also includes several numbers related to Berkeley housing trends. Berkeley now has about 52,300 housing units up nearly 6% since 2010. About 4,700 of them — just over 9% — were vacant as of the 2020 census. This number was higher than the 6% vacancy rate reported in Oakland, and the 5% vacancy rate in Alameda County, as of 2020.”

From Fox 5 New York. “Commercial real estate in New York City is deader than ever. After sitting empty for almost two years, Barneys will be brought back to life–well, kind of–as the space will become a Spirit Halloween. While Saks Fifth Avenue will put in double-time–as the retailer will start offering office space to WeWork, in a partnership known as ‘SaksWorks.’ ‘The Spirit Halloween stores are a great idea because they pop-up and they’re there for two or three months–and then they’re gone,’ says Barbara Denham, a Senior Economist with Oxford Economics. ‘But I know to the neighborhood… they’re somewhat, you know, not quite the cachet that Barneys is.'”

From Bisnow New York. “A Midtown Manhattan skyscraper controlled by The Chetrit Group is expected to be auctioned off next month after the holder of a mezzanine loan on the building initiated a UCC foreclosure sale. Chetrit’s 850 Third Ave. is heading to the block after the proceeding was instigated by Harbor Group International, which owns the $25M junior mezzanine loan on the 21-story tower backed by a Chetrit entity.”

“Jacob Chetrit and his sons, Michael and Simon, acquired the building from Chinese conglomerate HNA Group back in 2019 for $422M. MHP Real Estate Services and ATCO Properties & Management, both minority owners, also sold their stake at the time. HNA, which was then in the process of shedding its U.S. holdings, took a loss on the sale, having paid $463M for the property back in 2016.”

“Multiple properties in the city have faced foreclosure auctions in the past 18 months. Mack Real Estate snapped up seven distressed hotels in Manhattan — with the sellers taking a big loss at a UCC foreclosure auction — back in March. Meanwhile, a UCC foreclosure sale of a Brooklyn apartment building at 1580 Nostrand Ave. is set for early next month.”

From The Real Deal. “It’s lender versus landlord in a new lawsuit between two notorious players in New York real estate.On Friday, hardball lender Maverick Real Estate Partners sued Steve Croman, an ex-con who has bedeviled tenants and lenders alike, to foreclose on his four contiguous Kips Bay apartment buildings. The distressed-debt firm, which filed the suit just a day after acquiring the mortgage, demands Croman pay the outstanding balance of his $25 million mortgage, including 24% interest for the time left on the loan. It also aims to force a sale of the 85-unit assemblage at 208-214 East 25th Street, which Croman acquired in 2001, public records show.”

“Maverick bought the mortgage from BankUnited, a Miami-based lender, just a day before suing in New York Supreme Court. It alleges Croman defaulted on his loan twice, failing to move enough money into his BankUnited account in time for his July and August payments.”

From Hospitality Net. “Hotel owners who thought they were experienced and poised to make the most out of a crisis following the Great Recession had to learn the hard way just how bad things could get. Rick Takach, CEO of Vesta Hospitality, said he understands why the previous year and a half could scare investors away. ‘2020 hit, and obviously the 2009-2010 numbers are gone. They’re out the window,’ he said. ‘Anybody who would look at 2020 might not ever want to invest in the hospitality industry again. However, I think it’s an asset class that’s here to stay.‘”

The Daily Herald in Illinois. “Nearly 80% of all commercial property owners in Cook County received higher property tax bills this year, while 50% of homeowners saw their taxes increase. A representative of building owners said the gap isn’t fair. But a spokesman said the Cook County assessor’s office is correcting for widespread underassessment of commercial property in the past. ‘It just doesn’t make any sense,’ said Farzin Parang, executive director of the Building Owners and Managers Association of Chicago. ‘This shows to us how the assessor is putting his thumb on the scale and not on market data.'”

“According to a new report by the property tax research unit of Cook County Treasurer Maria Pappas’ office, property owners in Cook are paying $534 million more in property taxes this year combined over last year, a 3.4% increase. The report also shows that 50.5% of residential properties in the county received higher tax bills, while 78.5% of the county’s commercial property owners were charged more this year.”

“Pappas said the data is alarming because the total increase in property taxes, which largely goes to fund school districts in Chicago and the suburbs, is outpacing the rate of inflation. Her office is in charge of mailing property tax bills and processing payments. ‘I hear the complaints from everybody,’ she said. ‘But it’s certainly a hard time raising taxes on commercial property owners with everything that’s going on.'”

The Twin Cities Business Journal on Minnesota. “Veteran developer Kelly Doran finds himself at odds with his former company in a lien foreclosure action filed Thursday in Hennepin County District Court. In the lawsuit filed by Doran Construction Co., the company Doran founded and used to own claims it is still owed $2 million for work on The Expo in Minneapolis, a 25-story luxury apartment tower it delivered in October.”

“Doran said the lawsuit means the end of an ongoing business relationship between his old company and a new enterprise that he launched earlier this year. ‘We do not take litigation lightly. But in this instance, it’s a necessary step to ensure that the subcontractors who contributed to this project get paid,’ said Anne Behrendt, who succeeded Doran as both CEO and majority owner of Doran Cos. ‘… It’s a beautiful building that we designed and built, and we deserve to be paid for the work we did.'”

The Phoenix Business Journal in Arizona. “With 137 apartment projects under construction and another 99 planned in metro Phoenix, some are beginning to wonder if the market is in danger of being overbuilt. Not yet, analysts say. ‘At this point, with the shortage of housing, the continued strong net migration and the very low vacancy, the short-term answer is no,’ said Jim Kasten, associate broker for Commercial West USA in Scottsdale. ‘Having said that, with more than 12,000 units forecast to be completed in the last half of this year, we expect an increase in vacancy rates and probably some pressure on rental rates for the higher-end apartments.'”

“During the first half of this year, there were 5,094 units totaling 26 projects completed and 12,469 units totaling 61 projects forecast for completion in the next six months, according to Commercial West USA’s second quarter market update. ‘This would bring the total for 2021 to 17,563 units (among) 89 projects — almost double the amount completed annually for the past three years,’ according to the report. ‘The final total is typically less than forecast, but still expect many to meet the anticipated year-end time frame.'”

“Adam Couch, market analyst for RealPage, said metro Phoenix is experiencing strong capital flow into the apartment sector. ‘Current construction levels are nearly three times the volume seen right before the Great Financial Crisis in 2008,’ Couch said.”

From The Age in Australia. “Five hundred homes worth of timber destined for Melbourne has been abandoned at a Shanghai dock because a shipping company accepted a lucrative offer to divert course to Los Angeles. The Master Builders Association of Victoria (MBAV) said 50 containers carrying timber had been dumped in China and warned the incident could worsen Australia’s timber shortage and lead to unfinished homes. MBAV chief executive Rebecca Casson said the dumped timber could inflame the domestic shortages and drive up costs for Victorian builders, who are going broke in record numbers.”

“‘This has the potential to push things over the edge … Basically we’ll have unfinished homes,’ she said. Victoria accounted for 40 per cent of all building and construction industry insolvencies in Australia and its share of all Victorian insolvencies is at a record high. In the first four months of 2021, there were 145 industry insolvencies in Victoria – up 34.3 per cent on the same time last year.”

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This Post Has 92 Comments

  1. ‘Victorian builders are going broke in record numbers’

    That’s some red hotcakes right there.

          2. How To Start Or Win A Bidding War | Rocket Homes
            https://www.rockethomes.com/blog/home-buying/bidding-war

            (a snip or two)

            “Pricing your home just 5 – 10% below the price point of comparable homes will get buyers’ attention and motivate more of them to see it. When buyers feel that they’re getting a good deal, they’re more likely to put in an offer. And when buyers realize there are other offers on the table, they naturally become more competitive and thus willing to increase their offer to prevent themselves from losing.”

            To persuade buyers who’ve been on the fence about making an offer, you may want to establish a deadline for all offers. The sense of urgency that a deadline fosters can lead buyers to get more aggressive about the offers they make.

            “’As long as the home is listed at a reasonable price according to what it is valued for, the offer review date will lead to a whole new world of competition and success,’ says Blum. ‘It forces buyers to make quick decisions, which at the end of the day only brings to the table the serious buyers who are willing to purchase the home for a higher price, limited contingencies and a quick close date.’

            “Once your agent sets a deadline, they can ask all interested buyers to submit their best and final offers. Then, instead of countering any of the offers you receive, you’ll have the opportunity to choose the one buyer who offers the highest price and best terms for your circumstances.”

          3. Anti Sherman Trust Act. Monopolies. Unfair business practices. Realtors have an ethical and legal duty. Customers do not.

    2. Red hot!!!!!!

      “The Oxford Valley Mall in the Bucks County township of Middletown saw its appraised value drop from $255M to $39M from its loan’s issuance in 2011 to its maturation in December 2020.”

      1. “But I know to the neighborhood… they’re somewhat, you know, not quite the cachet that Barneys is.’”

        when the Halloween Store leaves just move in a Sbarros & Orange Julius for some classy nostalgia.
        ahhh good times.

  2. ‘obviously the 2009-2010 numbers are gone. They’re out the window’

    So what happened in 09 & 10? Massive QE, especially China.

    1. The Financial Times
      Opinion Markets Insight
      The case for continuing quantitative easing is hard to fathom
      Unconventional monetary policy is creating ever greater vulnerabilities
      John Plender
      A television screen at the New York stock exchange showing Fed chair Jay Powell
      Protestations by central bankers such as Fed chair Jay Powell that the risk of inflation is ‘transitory’ look increasingly questionable
      John Plender August 18 2021

      William McChesney Martin, head of the Federal Reserve from 1951 to 1970, argued that the task of the central bank was to take away the punch bowl when the party was getting going.

      With investors worrying in recent weeks about “peak everything” as froth accumulates in equities, bonds, housing, cryptocurrencies and heaven knows what else, the party has long since been under way and is now in full swing and more.

      Indeed, the central banks have been busy topping up the punch bowl through their continued bond purchases to keep interest rates low while conducting an interminable debate on when and how to remove support. Their protestations that the risk of inflation is “transitory” look increasingly questionable.

      The curious thing about this approach to monetary policy is that central bankers seem hard pressed to explain why continuing the asset buying programme, known as quantitative easing, is necessary. There is a broad consensus that the original injections of liquidity after the 2008-09 financial crisis were invaluable in preventing a 1930s-style depression; likewise in preventing an economic catastrophe after the pandemic struck last year.

      Yet central bankers’ claims that QE would boost gross domestic product are less convincing. With vaccines delivering a palpable boost to most advanced economies and asset prices constantly on the brink of yet further all-time highs, the case for continuing asset purchases is hard for mere mortals to fathom. In the meantime, unconventional monetary policy is creating ever greater balance sheet vulnerabilities.
      …

  4. Today is Thursday, August 19th and Joe Biden is not the legitimately elected president of the United States.

    The 2020 election was stolen. And there is *nothing* the globalists can do to silence us from talking about it here.

  5. “…Pappas said the data is alarming because the total increase in property taxes, which largely goes to fund school districts in Chicago and the suburbs, is outpacing the rate of inflation….”

    In the good old days, organized crime would simply knock on your door and ask for ‘protection’ cash.

    Today, nobody gets their hands dirty. ‘Protection’ (aka property taxes) are transferred electronically.

    ‘largely goes to fund school districts’ seems like a pretty loose term to me. If the scheme in Chicago works like anything here in SoCal, a large percent [of revenue] is used to fund bloated government pensions.

    1. “Nearly 80% of all commercial property owners in Cook County received higher property tax bills this year, while 50% of homeowners saw their taxes increase. Property taxes are insane in Cook and DuPage. My Dad died about 5 years ago and we sold his house for $50,000. (it needed gutted inside) Yearly Property taxes on his house were just short of $4,000 and he had a Sr Citizen exemption.
      Now I am sure it was valued by the city at more than $50,000 but that is the real amount sold for and the real property taxes.

    1. There is great evil among us. It’s globalists and bought and paid for politicians who are the enemy of the American people. They should swing high from the gallows.

      1. The Club of Rome.

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

        (snip)

        “In 1991, the club published The First Global Revolution.[8] It analyses the problems of humanity, calling these collectively or in essence the ‘problematique’. It notes that, historically, social or political unity has commonly been motivated by enemies in common: ‘The need for enemies seems to be a common historical factor. Some states have striven to overcome domestic failure and internal contradictions by blaming external enemies. The ploy of finding a scapegoat is as old as mankind itself—when things become too difficult at home, divert attention to adventure abroad. Bring the divided nation together to face an outside enemy, either a real one, or else one invented for the purpose. With the disappearance of the traditional enemy, the temptation is to use religious or ethnic minorities as scapegoats, especially those whose differences from the majority are disturbing.'[9] ‘Every state has been so used to classifying its neighbours as friend or foe, that the sudden absence of traditional adversaries has left governments and public opinion with a great void to fill. New enemies have to be identified, new strategies imagined, and new weapons devised.'[9] ‘In searching for a common enemy against whom we can unite, we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like, would fit the bill. In their totality and their interactions these phenomena do constitute a common threat which must be confronted by everyone together. But in designating these dangers as the enemy, we fall into the trap, which we have already warned readers about, namely mistaking symptoms for causes. All these dangers are caused by human intervention in natural processes, and it is only through changed attitudes and behaviour that they can be overcome. The real enemy then is humanity itself.'[10]”

    3. Thanks Ben….knew I wasn’t crazy! Didn’t realize you posted it a few days ago. It’s a good one!

  7. “They’re out the window,’ he said. ‘Anybody who would look at 2020 might not ever want to invest in the hospitality industry again. However, I think it’s an asset class that’s here to stay.‘”

    I think it’s here to stay too, based on hotels being paid by governments to house homeless, illegal invaders and ‘refugees’.

  8. It’s kinda strange the emergency broadcast thing the other day didn’t go as planned and the media isn’t talking about it at all.

  10. The globalists are escalating their assault on the 2nd Amendment through spurious lawsuits against gun manufacturers. Their collectivist cats-paws know they can’t take their “redistribution of the wealth” and imposition of socialism to the next level as long as those bitter clingers remain armed and resolute.

    Mexico sues US gunmakers, but will it make a dent in trafficking?

    https://www.aljazeera.com/economy/2021/8/18/mexico-sues-us-gunmakers-but-will-it-make-a-dent-in-trafficking

  12. In my current/target town near Sacramento (Folsom), thousands of homes in a new division on the wrong side of the highway are about 60% built and I bet they will all be done by EOY. Mind you, they are zero interest to me, massive “$700k+” salt boxes with just enough space between to scrape your trash bucket against the walls and fence each week. For some reason, most people seem OK with this…

    But they should exert good pressure on the decent homes built about 30 years ago, in neighborhoods with trees.

  13. So, we first read stories about nurses being fired for refusing the jab. Now we’re being told that there’s a nurse shortage that causing hospitals to be overwhelmed and unable to handle Covid case loads.

    Of course, The Narrative says that Nurses are quitting or retiring because they are burned out. You won’t find any mention of the mass firings.

  15. “The Master Builders Association of Victoria (MBAV) said 50 containers carrying timber had been dumped in China and warned the incident could worsen Australia’s timber shortage and lead to unfinished homes. MBAV chief executive Rebecca Casson said the dumped timber could inflame the domestic shortages and drive up costs for Victorian builders, who are going broke in record numbers.”

    Would it be unfair to suggest that the insane rise and fall of lumber prices, and the resulting unfortunate disruption to real trade flows in lumber, is a natural consequence of the central bankers’ financially engineered liquidity tsunami coursing through the global financial system?

    1. The PTB have engineered a speculative orgy in all assets the likes we have never before in history seen.

          1. “Investors need to wise up to which cryptos to sell … before it’s too late.”

            Or just dump ’em all: Better safe than sorry.

  16. https:// twitter.com/ RWMaloneMD/ status/ 1428325173317492738:

    Assuming this is verified, “reports from Israel suggest INCREASED RISK OF SEVERE DISEASE amongst those vaccinated early” => ADE. Just saying.

    Retweeting the following with video:

    There is a video Dr. Walensky let the Israel cat out of the bag:

    “reports from Israel suggest INCREASED RISK OF SEVERE DISEASE amongst those vaccinated early”.

    So wait… despite all the rhetoric about reduced severity/hospitalization, Israel data suggests otherwise??

    2. Ireland, Israel report 50% hospitalized with COVID are VACCINATED. Govts want BOOSTER shots?
      Dr. Suneel Dhand has a Youtube video out (yesterday) which says 50% of the Hospitalized in Israel and Ireland are vaccinated. He openly states that he is concerned he will be cancelled because he is presenting data people won’t like. Then he goes on to say that disagreement and discourse are needed in all scientific discussions. I think he is absolutely correct. I think Youtube and twitter are today’s equivalent of the 15th century the Catholic Church. In the 15th century the Cath. Church banned the book of Copernicus which showed that the earth was NOT the center of our solar system because the Church did not “agree” with the “science.” Sounds like Twitter and Youtube today.

      1. 50% of the Hospitalized in Israel and Ireland are vaccinated.

        That’s that false statistic again. I debunked it last week. Normalize those numbers to “hospitalizations per 100,000” and you’ll see a different picture. Oh, that’s right, you won’t. Because that will make the vaccine look good.

          2. And don’t claim that there are credible claims against Trump. See Wikileaks and the lawsuits filed by well-known democrat operative attorneys like Gloria Allred and her daughter, Lisa Bloom.

        2. Normalize those numbers to “hospitalizations per 100,000” and you’ll see a different picture.

          https:// alexberenson. substack.com/ p/ quick-update-on-the-israeli-vaccine:

          In an effort to play down that reality, Israel has begun to provide data comparing RATES of serious illness in older people who were not vaccinated and those who were. And those show that as of now, unvaccinated people are still becoming seriously ill significantly more frequently than those who aren’t.

          But that comparison hides a very big problem.

          Israel did an excellent job convincing people over 60 to be vaccinated. Only about 1 person in 15 in that age range didn’t receive at least one dose. Fewer than 1 in 10 is not fully vaccinated.

          Why should you care? Because the tiny fraction of older people who are unvaccinated in Israel at this point are almost certainly materially different than the vast majority who are. As far as I know, the Israel government hasn’t broken out the differences. But given the pressure to vaccinate, a significant number of those older unvaccinated people are likely simply too sick to tolerate the vaccine – especially those over 80, where overall vaccination rates are even higher.

          But if they are too sick to tolerate the vaccine, they are obviously at much higher risk from Covid than the vaccinate. In other words, ability (and propensity) to be vaccinated is likely a marker for overall health. Researchers know this is true of the influenza vaccine – once they adjust for the fact that older people who get the vaccine are healthier to start than than those who don’t, the advantage the vaccine seems to offer mostly disappears.

          So the comparison between vaccinated and unvaccinated isn’t useful.

          1. Does Dear Alex fabricate similar conclusions for the UK or the US, where Pfizer is also used nd the vaccinated are doing far better than the unvaccinated?

        4. That’s that false statistic again
          No it is a statement of fact. True, depending on the % of people vaccinated the # per 100,000 is different and there are more (or less, depending on the % vaccinated) unvaccinated people per 100,00 in the hospital but it does not make the statement false. I thought you were scientific kind of person. But the STATEMENT IS INDEED a TRUE FACTUAL STATEMENT.

          1. thought you were scientific kind of person.

            Insults and personal mocking are not the hallmark of the logical mind.

          2. I apologize, I will clarify for you.

            It is a statistic often used for false and misleading purposes.

    3. Malone’s edit cuts off Walensky mid-sentence, as if he thinks ANYone is going to be fooled. Walensky is clearly referring to early vax vs. later vax. Vax vs. vax. ADE is a phenom of vax vs. unvax. Totally different comparison. The replies to Malone’s tweet call him out on his BS, justifiably.

      Even then, the difference between early vax vs. later vax can be largely explained by age differences,* not by waning vaccine and not by ADE. If anyone is interested in an explanation of the Israeli data, here’s breakdown. You can skim it in 5 minutes: https://www.covid-datascience.com/post/israeli-data-how-can-efficacy-vs-severe-disease-be-strong-when-60-of-hospitalized-are-vaccinated.

          1. Fellow government employee, I enjoy your par for the course postsw where you reveal the arrogance of .gov employees whose ideas are buttressed by a total lack of fear of losing their jobs. Onward, Kamerad.

    1. Photoshopping, stunt doubles(remember the GW lookalike goon stepping off the helo on whitehouse lawn the day after 9/11?), fraudulent elections, the list goes on.

      It’s time.

    2. The White House is run by idjuts. Simple as. They can’t even get the propaganda right. I wouldn’t expect them to be able to pull off any more credible false flag hoaxes.

      1. “I wouldn’t expect them to be able to pull off any more credible false flag hoaxes.:

        The acting is pathetic.

    3. This is a great article, Ben. I think they came to the right conclusion: Biden was “indisposed” this weekend, so some staffer posted an older photo just to make it look like Biden was awake and aware. Makes me wonder if they had to inject him with something to get him to DC to deliver that speech.

      1. Makes me wonder if they had to inject him with something to get him to DC

        Meth. That’s what they’re shooting him up with.

  18. This is a pearl clutching narrative.

    Salon — Unvaccinated terror: Proud Boys push the anti-vaccination movement into a violent threat (8/19/2021):

    https://archive.is/sTdsC

    Note that the “leader” of the Proud Boys is a fed. Half of their alleged members probably are too.

  20. If you’re a white or Asian woman being “randomly” attacked by feral packs of vibrants in Democrat-malgoverned cities, begging them to stop won’t help you. If you voted D, you are an accessory to such “non-hate crime” assaults, as Soros-installed DAs will chuckle indulgently in the unusual event the “teens” involved end up being arrested and charged.

    ‘I Was Screaming: “Please, Stop, Stop!”‘ Woman Describes Pain And Horror As She Was Brutally Beaten By Group Of Teens Downtown This Past Weekend

    https://chicago.cbslocal.com/2021/08/19/woman-beaten-in-downtown-chicago-describes-pain-horror/

    CHICAGO (CBS) — A woman was begging for her attackers to stop, but they just kept swinging – punching her in the face.

    Days after the Chicago woman was thrown to the ground by a group of teen assailants downtown, she talked only to CBS 2’s Jermont Terry.

    1. My ex-girlfriend attended U of Chicago back in the 1980s. During one of her first days on campus, a vibrant passing her on the sidewalk unloaded a mouthful of saliva into her face with no provocation whatever…he just felt the urge to spit and she happened to be in the path.

      She grew up in a sheltered racially homogeneous neighborhood, so had no prior experience with anything like this incident to prepare her for it.

  21. Problem in bidding wars is, buyers don’t see other bidders. Maybe others who are looking but they are told by liars that other offers are in. Agents should be required to document bad procedures that is true. Otherwise, it is fraud as it induces a contractual party to act against their own interests and for the interest of the liar, on false information.

    1. “Problem in bidding wars is, buyers don’t see other bidders.”

      Bahahahahahahaha … that’s not a problem, that’s a feature.

      “Maybe others who are looking but they are told by liars that other offers are in.”

      They are just using what works.

      “… it is fraud as it induces a contractual party to act against their own interests and for the interest of the liar, on false information.”

      I like it, I love it, I want more of it. Lies are used because lies work, and these lies work because people are stupid.

      There is a selection process at work here:

      1.The best lies work on the stupidest buyers. These stupid buyers are the buyers who end up being the highest bidders.

      2. These highest bidders, aka the stupidest buyers, are then brought to my bank for some “finishing touches”. This finishing touch process is a snap to do because these stupids are the stupidiest of the stupids AND they see themselves as WINNERS who will eagerly sign any legally binding document I decide to place before them.

  23. “Four teens were released without charges…”

    Well, at least no Unarmed Black Men were harmed by the police…

  25. Real Journalists — Double-jabbed people carry same levels of Covid as unvaccinated (8/18/2021):

    “However, the new study by the University of Oxford shows that the delta variant wipes out the viral load reduction.

    Instead, even the fully jabbed carry high levels of the virus if they become infected and are also more likely to be symptomatic than vaccinated people who pick up an alpha infection.”

    Sad trombone songs?

    “The researchers said they were not sure whether high viral loads would translate into the same levels of transmission for vaccinated and unvaccinated people because the fully jabbed may clear the virus quicker and so be infectious for a shorter period of time.

    However, Prof Walker added: “The fact that they can have high levels of virus suggests that people who aren’t yet vaccinated may not be as protected from the delta variant as we hoped.”

    https://www.yahoo.com/news/double-jabbed-people-carry-same-140126657.html

  26. A friend’s daughter, roughly 12yo, just started menstruating. From the friend/mom: “it’s a monster” “8 days long and she needs pain meds and anti inflammatories the entire time.” Both parents were vaxxed early on as health care providers for their younger daughter. I wouldn’t be surprised if they vaxxed their older daughter as well.

        1. The mother, no. The older daughter, perhaps. The younger daughter has a rare genetic disorder.

  27. School district says Lehi teacher no longer employed after comments to students

    33,394 views
    Aug 18, 2021

    https://youtu.be/9kq8kbXhsv4

    “Go tattle on me to the freakin’ admin! They don’t give a crap!”

    Here is the full video 4:18 video where this nasty thing shares her views onDonald Trump, Covid vaccines, the students “dumb” parents, LBGTQ “if I here you say a damn word about any of em’, I will open a can and make your life a living hell”.

    https://youtu.be/TI3EeLvI558

  28. How do you know that your local market recently hit a mania peak?

    1) Prices are much higher than a year ago.

    2) Prices are lower than the recent market top.

    3) REIC porcine beauticians are busy painting lipstick on the pig.

  33. Business
    Asian stock markets were mostly lower Friday as worries surrounding the spread of the delta variant again took center stage.
    By ANNABELLE LIANG
    Associated Press
    Posted 8/20/2021 7:00 AM

    SINGAPORE — Asian stock markets fell Friday as worries surrounding the spread of the delta variant again took center stage.

    Tokyo’s benchmark Nikkei 225 lost 1% to 27,013.25 and Seoul’s Kospi fell 1.5% to 3,050.48. The Hang Seng in Hong Kong slipped 1.6% to 24,918.36 in afternoon trading.

    The Shanghai Composite Index gave up 1.3% to 3,421.81. Australia’s S&P/ASX 200 was down 0.1% at 7,460.90.
    …

    https://www.dailyherald.com/article/20210820/business/308209990

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