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Investors Are Selling At Losses, They Are Getting Out Period

A report from For Construction Pros. “July’s drop in U.S. housing starts outstripped forecast declines as consumer sentiment toward financed purchases faded to the lowest level since 2011. ‘There is no question that home building has hit some sort of near-term ceiling, with surging home prices reducing affordability and leading to a record drop in the proportion of consumers that feel now is a good time to buy a home,’ says Mark Vitner, senior economist with Wells Fargo Securities.”

The Star Press in Indiana. “If buying a home is stressful anytime, what’s it like buying a home in 2021? ‘It’s crazy,’ Ashley Donnelly said with a laugh. ‘The market is all over the place. It’s wild. Just wild.’ Homebuyers like Donnelly, a Ball State University professor, and home sellers and professionals in the real estate industry all agree. They’ve never seen such a bizarre time to buy and sell a home.”

“Homes are in short supply, in markets from Richmond to Muncie to Lafayette and across Indiana. The experts say that if you can find a house in your desired area and for your desired price point, be ready to buy it and be ready to pay more than the asking price. Sometimes thousands of dollars more.”

“And be ready to snap up that home quickly. ‘You have to be pre-approved with a lender and ready to jump on something that pops up,’ said Donna Penticuff, a Muncie real estate broker. ‘I know the minute I list a house, the same day – the same day – I have five showings and receive an offer in the first hour,’ said Donna Spears, a Richmond Realtor.”

“Houses are a hot commodity, the way new vehicles are hard to find now and toilet paper and Lysol were hard to find in the early days of the pandemic. ‘It’s bizarre to see bidding wars for homes in Delaware County,’ said Muncie Realtor Steve Slavin. ‘You think that happens in Fishers or Carmel. But it’s happening here.'”

The Phoenix Business Journal in Arizona. “Homebuyer bidding wars in metro Phoenix aren’t as severe as they are in the Tucson market, according to a Redfin report that shows the nationwide homebuyer bidding war rate dropping to its lowest level since January. ‘We are seeing a slowdown of the bidding wars here in the Valley,’ said Keith Burton, Realtor for The Rider Elite Team. Burton said he is seeing more new construction homes being delivered for new homeowners, adding inventory to the market. ‘The mania has quieted a bit for sure,’ said Don Barrineau, Phoenix division president for Mattamy Homes.”

“As for the existing resale home market, there are 5,612 active residential properties in Maricopa County on the market as of Aug. 16, citing the Cromford Report, said Maximilian de Melo, managing partner for America One Real Estate. That’s up from 5,117 on July 16, and even higher from Feb. 24 when there were 3,045 active listings representing an all-time inventory low, he said. ‘The market has definitely cooled off,’ de Melo said. ‘We have been seeing significant list price reductions that have been steadily increasing since about March. That applies across all price points.'”

“Burton said he’s seeing listed homes in some areas taking price reductions because there are no offers in three to five days. ‘This is a sign the market has come to a point of leveling off,’ Burton said. ‘People are not willing to pay that $20,000 to $50,000 over asking price. We are seeing in some areas 30% to 40% of the homes in a ZIP code are having to take a price reduction to get an offer. The Valley is also seeing less appraisal and inspection waivers.'”

“Greg Hague, CEO of 72Sold, said the Arizona sellers’ market peaked in April, with existing home inventory at its lowest point in over 10 years. ‘The number of homes for sale has been increasing consistently since then,’ he said. ‘Are we on the precipice of a housing crash? Absolutely not. This is an expected correction of a market that got so hot so fast it needed a breath of cool air.'”

The Austin Business Journal on Texas. “Home sales in the Austin metro fell for the first time in more than a year in July, according to the Austin Board of Realtors. Some housing experts think this — along with other indicators — mean the market might finally be seeing some relief. Monthly inventory showed signs of improvement: in July, 3,294 homes were actively listed on the market, compared with 2,265 in June. Closed sales in July were down 9% year over year at 4,041.”

“Paul Reddam, a local agent for Homesville Realty Group with Compass Austin, said when he talks with agents in other markets about how they’re doing, their answers often echo his own. When Austin’s market was at its peak, agents elsewhere were also reporting demand that was tough to keep up with. When Austin’s market began to slow this summer, agents in other metro areas reported similar dips.”

“He added that he has felt the return to normal market seasonality the data suggests. ‘We’re dusting off all the cobwebs of how we used to handle things,’ Reddam said. Reddam noted that inventory has been noticeably higher in recent months. He recently showed a Google executive 20 houses in one weekend. There were, however, some lingering signs of Austin’s bidding wars. They had zeroed in on two homes. On the first, priced just under $1 million, they made an offer of about 7% over. The selling agent told them they were in the middle of the pack with that offer.”

“On the second home, which was listed for about $1.3 million, Reddam and his client were able to negotiate down to $1.1 million. They ended up closing on that house. ‘I think buyers right now have a small window,’ Reddam said. ‘I don’t know how big it is, of course.'”

From Mansion Global on California. “As its luxury market rebounds, a window of opportunity remains for buyers of high-end condos—a segment that is appreciating slower than the feverishly in-demand single-family home market—which means that now is the time for savvy investors to strike a deal. ‘This is an opportunistic time for buyers in the condo market in San Francisco,’ said Krysen Heathwood, senior managing director for Compass Development Marketing Group, the new development arm of the brokerage firm.”

“‘Even before Covid, the luxury condo market in San Francisco had its volatility,’ said Selma Hepp, deputy chief economist at CoreLogic. ‘Inventory is still so low anywhere you look in California, and the presence of venture capital activity and start ups—it’s still the epicenter in the U.S.,’ she said. ‘You may not see the rates of appreciation that we’ve seen in previous years but you’ll get your money back.'”

The New York Post on California. “After 14 years and $148 million in discounts, the infamously expensive Hearst Estate is finally set to sell. The 75% off the house doesn’t come with the chandeliers. Los Angeles-based investment company Berggruen Holdings agreed to pay $47 million for the eight-bed, 15-bath Italian and Spanish-style mansion, which has been on and off the market for between $69.95 and $195 million since 2007. An auction on Sept. 14 could accept a higher offer, but Berggruen has put a $1.41 million deposit down, according to California bankruptcy court documents.”

The Associated Press. “When Ryan David bought three rental properties in 2017, he expected the $1,000-a-month he was pocketing after expenses would be regular income well into his retirement years. He also was counting on the rent money from the properties in Dupont, Pennsylvania, to help with the cash flow of his business buying and selling distressed properties, launched early last year. David, the father of a 2 1/2-year-old who is expecting another child, fears the $2,000 he’s owed in back rent will quickly climb to thousands more.”

“The latest moratorium ‘was the final gut punch,’ said the 39-year-old, adding that he now plans to sell the apartments. ‘I have had this internal struggle going back and forth. I have lost sleep at night, and I have now come up with a decision to sell and walk away.'”

“‘Without rent, we’re out of business,’ said Gary Zaremba, who sold 40 of his properties in Ohio due to the moratorium and still has a quarter of his tenants in the remaining 100 buildings struggling to pay rent. He has helped some apply for rental assistance, he said. ‘It’s like a restaurant that doesn’t have patrons,’ he said. ‘I don’t get the rent. I can’t pay my maintenance staff. I have to lay them off. I can’t fix the buildings and keep them in good repair. So, that means they are going to get even worse off. I can’t pay my taxes.'”

“Many landlords are saddled with tens of thousands of dollars in lost rent – money that was meant for retirement, a college fund or for their investors, who themselves had sought a safe investment. They are maxing out credit cards or dipping into savings to pay property taxes, staff salaries, insurance, water bills and maintenance.”

“‘I keep thinking to myself, when does my family get paid?’ said Matthew Haines, who owns 253 units with his wife in the Dallas/Fort Worth area and is owed more than $300,000 in back rent. He has referred $250,000 of that to collections.”

“The couple put in $50,000 of their own money to avoid laying off their seven full-time and three part-time employees. Haines is also doing repairs like fixing an air conditioning unit or changing a pool light himself to save money. Their investors, retirees who typically get an annual return of 7% to 9%, got nothing last year on two multifamily apartments and 3% on a third one because of unpaid rent.”

“In upstate New York, Michael Reid sold three of his houses to stem losses – after paying some delinquent tenants thousands of dollars to leave. Already out more than $100,000 in back rent on 13 of his 31 units and more than $20,000 in unpaid water bills, Reid took out a $90,000 home equity loan on his house so he could pay property taxes and other bills. On Tuesday, he finally received $9,000 in federal rental assistance, a fraction of what he’s owed.”

“‘I’ve lost an incredible amount of money on top of the rent owed,’ said Reid. ‘A lot of landlords are disgusted. They are selling at losses. They are getting out period,’ Reid said of the dozens of investors he talks with.”

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This Post Has 124 Comments

  1. ‘You may not see the rates of appreciation that we’ve seen in previous years but you’ll get your money back’

    How the mighty have fallen.

        1. Quoth the raven: “Realtors are liars.” (Recently discovered 1st draft of Edgar Alan Poe’s 18-stanza poem, “The Raven”).

  2. ‘We have been seeing significant list price reductions that have been steadily increasing since about March. That applies across all price points’

    March? But that means for months yer red hotcakes have been horsesh$t and suckers have been catching a falling knife!

    Sacré bleu!

    1. ‘We are seeing in some areas 30% to 40% of the homes in a ZIP code are having to take a price reduction to get an offer’

      Oh dear…

  3. ‘The couple put in $50,000 of their own money to avoid laying off their seven full-time and three part-time employees’

    Ooo, let me get my calculator. So what’s the NOI on 50k pesos down the rat hole Matt?

    ‘Their investors, retirees who typically get an annual return of 7% to 9%, got nothing last year on two multifamily apartments and 3% on a third’

    How do those 5% cap rates look now?

    1. The full sentence.

      And keep voting democrat marxists!

      “Their investors, retirees who typically get an annual return of 7% to 9%, got nothing last year on two multifamily apartments and 3% on a third one because of unpaid rent.”

  4. ‘On the second home, which was listed for about $1.3 million, Reddam and his client were able to negotiate down to $1.1 million’

    Googclown got schlonged.

    ‘I think buyers right now have a small window…I don’t know how big it is, of course’

    It’s $200,000 Paul. Of course that was last month, worser now.

  5. ‘Houses are a hot commodity, the way new vehicles are hard to find now and toilet paper and Lysol were hard to find in the early days of the pandemic. ‘It’s bizarre to see bidding wars for homes in Delaware County’

    I’ve never been to Indiana, and I hope I never have to go there. But I’m pretty sure it’s a sh$t hole. Allow me to again refer to the UHS several years ago in Florida, some sh$t hole little town, who said “18% is sustainable!” We all had a good laugh. Now you see numbers like 45% in a year. These central bankers are setting this up for a crash on purpose.

    Don’t forget it was just a year ago, maybe a little more, they all said in unison, we are never going back to normal. You’ll own nothing and like it. Just yesterday we read the NZ central banker say recent buyers were fooked and he was so proud of himself.

    1. As you succinctly stated, it is planned. The Fed will own it all.
      Is this peak buy frenzy scenario a von Mises crack up boom?
      The protracted moratorium on rents/evictions certainly busted the ill funded LL investor, as intended?

      1. No matter what they intend, the fact remains I could pinch off any of these bashtards heads with my left hand. The question is do we torture them before we hang em? And do we hang them together so they can hear their co-conspirators death squeals as their sh$t runs down their legs?

        1. And this is why they call you Gentle Ben. You’re entirely too merciful towards these gold collar criminals.

          1. No….. Jonesy knows how truly evil communists and their intent is. They never went away my good friend…. they simply swapped around a few words in their lexicon.

            These are communists. No sense in complicating matters.

      2. Maybe the strategy of the a$$ hats at the Fed is to load down the smaller banks and credit unions with toxic mortgage paper so they go bust and make the big New York banks even bigger. At some point soon the cue will be given to “pull it.”

    1. You pukes who work for a living need to keep this in mind:

      A conjured-up-out-of-thin-air dollar spends just as well as one of your hard earned dollars. The market sees no difference, accounts for no difference.

      2. Apart from digitalization, a stack of $1 bills bears the same printing cost as an equal stack of $100 dollar bills. I would imagine electronic digits is comparable.

  9. Funny how moratoriums and forbearance NEVER affected taxes.

    “Reid took out a $90,000 home equity loan on his house so he could pay property taxes…”

    1. “…Reid took out a $90,000 home equity loan…so he could pay property taxes…”

      For years, the HBB and it readers have warned that holding costs for over-priced properties are unsustainable.

      Much like a starving farmer who ends up eating his seed corn, how many hundreds of thousands or even millions of loan owners will eventually end up with zero or even negative zero?

      Once again, the only one who ends up in roses, is Mr. Banker.

    1. When globalist propaganda outlets throw out pieces like this, rest assured, the Keynesian fraudsters at the Fed have already tabled plans for moar stimulus.

  11. “When Ryan David bought three rental properties in 2017, he expected the $1,000-a-month he was pocketing after expenses would be regular income well into his retirement years. He also was counting on the rent money from the properties in Dupont, Pennsylvania, to help with the cash flow of his business buying and selling distressed properties, launched early last year. David, the father of a 2 1/2-year-old who is expecting another child, fears the $2,000 he’s owed in back rent will quickly climb to thousands more.”

    Time to buckle down and find a job that adds real value to the economy instead of being a parasite, Ryan David. Be an example to your kids.

  12. “‘Even before Covid, the luxury condo market in San Francisco had its volatility,’ said Selma Hepp, deputy chief economist at CoreLogic. ‘Inventory is still so low anywhere you look in California, “

    Think it might have anything to do with fires burning half the state? Mass exodus. How are the new ‘immigrants’ affording these homes?

        1. BTW, note how easily serious charges get dismissed. Not credible. I’ve never heard of the guy. Lots of people including doctors are saying similar things. It’s true this death shot is not a vaccine. If he’s right about how they were working on this CCP virus for decades, it should be easy enough to prove one way or the other. And it was interesting that he said the lockdowns (which were mass murder in their own right), masks and social distancing were distractions to get you to accept the death shot. That’s exactly how it was rolled out, wasn’t it? And he accused Trudeau and the NY governor of playing victim saying “oh we’re all tired of the lockdowns, let’s all take the death shot! Hurry!”

          Most importantly if he’s not being factual, the result will be messy lawsuits at worst. If he is factual, we’ve got a bunch of psychopaths engaged in pre-meditated mass murder. Given that, maybe we should hear him out.

          1. One interesting thing about the mRNA shots that is quickly becoming relevant…

            If you go back and read accounts of what Moderna and BionTech were doing 4-5 years ago, the press was pretty negative because they had recently pivoted their mRNA strategy to vaccines (which was considered less lucrative than regular drugs).

            The reason given for the pivot was that so many side effect issues had shown up during animal trials, the thought was that vaccines were a better option because the side effects would be impactful because vaccines would only be given once or twice!

            Think about that as you read some of our “experts” say people need a booster shot (shot 3), or even that Covid vaccines should be given on a regular schedule like influenza vaccines are.

          2. Not credible

            I dug into his background enough to conclude that I, as a registered patent attorney admitted before the USPTO and NYS bar, do not find him credible.

            it should be easy enough to prove one way or the other

            Using patent prosecution histories is probably the worst way to do it. Emails are all you need.

          4. The reason given for the pivot was that so many side effect issues had shown up during animal trials, the thought was that vaccines were a better option because the side effects would be impactful because vaccines would only be given once or twice!

            This!

          6. Moderna and BionTech

            Backed by the US and German governments, respectively, and now being given huge sums of taxpayer money.

        1. From what I’ve seen of him, he opines on an array and patent and legal matters. I haven’t watched this specific video because I don’t find him to be credible.

      3. “Dr. David E. Martin is the Founder and Chairman of M·CAM Inc., the international leader in innovation finance, trade, and intangible asset finance.”

        2. Patents, copyrights and trademarks (collectively known as intellectual property) are intangible assets. Angel investors and venture capital firms finance innovative ideas as private companies and exit those investments preferably via acquisition or IPO. Why the obfuscation?

  15. Fully-Vaxxed Jesse Jackson Hospitalized With Covid

    by Chris Menahan | Information Liberation
    August 22nd 2021, 9:59 am

    “Take the vaccination, now!” he said in January.

    Double-jabbed activist Jesse Jackson has been hospitalized in Chicago along with his wife after testing positive for Covid-19.

    From Fox News, “Rev. Jesse Jackson, wife Jacqueline hospitalized for COVID”:

    Jesse Jackson, 79, is vaccinated against the virus and received his first dose in January during a publicized event as he urged others to receive the inoculation as soon as possible. He and his wife, 77, are being treated at Northwestern Memorial Hospital in Chicago.

    “Doctors are currently monitoring the condition of both,” according to the statement from Jesse Jackson’s nonprofit, the Rainbow/PUSH Coalition.

    “There are no further updates at this time,” the statement said. “We will provide updates as they become available.”

    Jackson took his first shot of Pfizers’ experimental mRNA injection on January 8th and had his followers repeat after him, “Take the vaccination, now!”

    Pfizer claimed back in December that their shots were around 95% effective at preventing covid infections but data out of Israel released in July showed that number is now down to 39%.

    The Biden regime is now pushing everyone to take a third “booster” shot despite zero clinical trials being completed on their effectiveness and the first round of trials showing the second shot had far more severe side effects than the first.

    Trust the science™!

    https://www.infowars.com/

    1. Gosh, I guess “Jus’ Me” Jackson should’ve gotten his 3rd COVID jab.

      CDC Director Walensky: There is an “Increased Risk of Severe Disease Among Those Vaccinated Early” (VIDEO)

      https://www.thegatewaypundit.com/2021/08/cdc-director-walensky-increased-risk-severe-disease-among-vaccinated-early-video/

      The Biden Administration is now working overtime to get a THIRD Covid shot into the arms of Americans.

      On Wednesday, the Biden Admin unveiled a plan for vaccine boosters starting in September.

        1. At least that transgender creature that looks like a badly aged Chelsea Clinton isn’t being trotted out to read off such statements.

    2. Pfizer claimed back in December that their shots were around 95% effective at preventing covid infections

      The claim was true for Alpha variant, but Delta is becoming a problem.

      1. You’re quite the vaccine apologist. Maybe the claim of 95% efficacy was a fabrication all along.

        1. Compared to the vaccine standards that we’ve been spoiled rotten by for the past 50 years, no, it doesn’t.

      3. I’ve been sick all week and I never get sick this time of year.

        CCP Flu is the greatest fraud ever created.

        1. “I’ve been sick all week and I never get sick this time of year.”

          According to nurses I’ve talked to steroids and fluids (Pedialyte/Gatorade) is the treatment https://youtu.be/rfh4Mhp-a6U Covid patients are getting in this part of Region IV. After a couple of days most (even the double jabbers) are sent home.

    3. Fully-Vaxxed Jesse Jackson Hospitalized With Covid

      That’s unpossible! I have it on good authority that only the unvaxxed are requiring hospitalization, and that the vaxxed will only get the sniffles.

      1. the vaxxed will only get the sniffles

        Unless they come into contact with an unvaxxed. Then their vaxx doesn’t work.

    1. You have to be judged mentally competent to stand trial for such an offense. I think we all know how that would turn out.

      1. The courts can make accommodations for service animals of all types. I’m sure they can handle a brain-dead three-toed sloth.

      2. Those woke generals are competent enough. This is their failure more than Biden’s. Of course, they probably “don’t recall” anything. Just like the Bush cabal.

  17. Regret to inform you, deadbeats, but if you live in a red state where the rule of law still exists, it’s time to start packing boxes.

    Evictions piling up in Tennessee with moratorium ended

    https://www.wsmv.com/news/evictions-piling-up-in-tennessee-with-moratorium-ended/article_413e18e4-ff41-11eb-9e3c-43e4194cdc61.html?block_id=998344

    NASHVILLE, TN (WSMV) – Evictions in Tennessee continue to rise since the CDC moratorium ended in July.

    Even though a new moratorium was issued by the CDC, that does not apply in Tennessee because of a ruling by a sixth circuit federal court.

  19. When Biden’s fellow globalist Quislings and the previously lapdog globalist media turn on him in unison, it’s a good indication his puppet masters have decided to remove him and install Comrade Kamala as their new titular figurehead to convey their directives. Then the 3-ring sh*t show that is this tragi-comic administration is going to get downright Barnum & Bailey.

    Britain loses patience with Sleepy Joe: Tony Blair brands Biden an ‘imbecile’ over ‘tragic, dangerous and unnecessary’ decision to quit Afghanistan amid claims Boris remarked ‘we would be better off with Trump’

    https://www.dailymail.co.uk/news/article-9916221/Blair-brands-Biden-imbecile-unnecessary-decision-quit-Afghanistan.html

    Tony Blair has blasted Joe Biden’s ‘imbecilic’ decision to withdraw US troops from Taliban-controlled Afghanistan, calling the President’s scuttle ‘tragic, dangerous and unnecessary’ and claiming the move had ‘every Jihadist group round the world cheering’.

    Mr Blair, who was in Downing Street when London sent UK troops to the Middle Eastern country 20 years ago following the 9/11 attacks on New York and Washington DC, said Britain has a ‘moral obligation’ to stay until ‘all those who need to be are evacuated’.

    1. Biden is a goner, he soon won’t be able to read from a teleprompter. The only question that remains is whether Que Mala will be his replacement, or if she will be replaced as well.

  20. Latest from #ClownWorld. Under the Biden-Harris regime, we’re going to need two parallel criminal justice systems: one for Deplorables languishing for months in prison, often in solitary confinement, while awaiting their show trials and inevitable convictions by a “jury of their peers,” and the other for the repeat offenders and hardcore felons who comprise a core constituency for the Democrats – themselves a criminal enterprise masquerading as a political party.

    Wisconsin sheriff says inmates will be called ‘residents’ and ‘those in our care’ to maintain the ‘dignity’ of criminals while in jail

    https://www.dailymail.co.uk/news/article-9916481/Wisconsin-sheriff-says-jail-called-residents-not-inmates.html

    A Wisconsin prison will now refer to its offenders as ‘residents’ to ‘humanize and respect’ them.

    Dane County Sheriff Kalvin Barrett said staff at the Dane County Jail in Madison will no longer refer to those in jail as ‘inmates’ and will instead address them as ‘residents’ or ‘those within our care,’ the sheriff announced Monday.

    1. “This proactive approach to our criminal justice reform is going to allow us to move towards a 21st-century policing mindset,” Barrett said

      Stanley Kubrick was prescient!

    1. Truth! And the crowd erupts as the Real Journalists present to cover the event curl into fetal positions, followed by involuntary bowel movements.

    3. I watched the entire thing live. That right there is where the crowd came alive and it’s that kind of truth telling that connects at a very basic level.

  24. Kamala heard screaming “They will not pin this sh!t on me!” after refusing to give press update on Afghanistan

    Mayor Pete has been silent but I mean, it is a Sunday

    https://www.datalounge.com/thread/29144263-kamala-heard-screaming-they-will-not-pin-this-sh!t-on-me!-after-refusing-to-give-press-update-on-afghanistan

    Jack Posobiec 🇺🇸
    @JackPosobiec

    Shade War going hot – Kamala refused a request to do a presser today. Said she was focused on Haiti not Afghanistan. Now staffers for the rival teams have been openly fighting all day, per WH official
    1:54 AM · Aug 16, 2021

    https://twitter.com/JackPosobiec/status/1427146654763859970?s=20

      1. Even the globalist media can no longer conceal the abject incompetence of this diversity hire VP who is totally out of her depth and utterly unqualified to assume the presidency, even with her globalist puppet masters making every decision for her.

        1. Even the globalist media can no longer conceal the abject incompetence of this diversity hire VP

          This bears watching. If she suddenly resigns, we all know that once her replacement is sworn in that Biden is gone.

    3. Datalounge? My goodness, jeff 🙅🏼‍♀️ Used to read that years ago, first person gossip, some beefcake pics.

      1. “Datalounge?”

        Never saw or heard of it before today. I did however see the “They will not pin this sh!t on me!” elsewhere, but that site was the only one that came up it from a Goggle search.

        1. Never saw or heard of it before today.
          I figured as much 😀 I just thought it was funny because it’s a (sometimes very bawdy) site for gay men. No offense intended, to you or them. They’re not very broad minded (apt pun); women who post get hassled. No prob, their clubhouse. After I had my fill of salacious stories, I stopped visiting there.

    4. Kamala, I knew your corrupted mentor Willie Brown who got you your first job as DA in San Francisco when you both brought SF to the literal sh!t show it is today. Nancy Pelosi’s coup in city hall made it all possible. Met with Soros’s son and 30 minutes later she was VP

    1. I recall seeing an article claiming that eventually all vaccines will be mRNA. I guess I won’t be getting any vaccines, ever again.

      Turning our bodies into medicine making factories sounds great.

      If only it actually worked.

    2. The fact remains that whatever the potential was for gene therapy to be the new technology to combat disease, its a horrific failure at this time

      This was a contrived Panademic that was pre planned to usher in Medical tyranny to control populations and force injections like the public were lab rats , with safety ignored.

      Fraud and censorship for suppression of meds that worked killing thousands and thousands, for the only solution vaccines that don’t pass safety and have killed and injured thousands and thousands.
      Pursuant to the corruption of Government and Government agencies , rigged election , etc, invading forces of One World Order Globlist Monopolies are engaged in a criminal and fraudulent Innsurrection of US and other Countries , to take all freedoms , and destroy all systems for a Dictorship by psychopaths. They want to control and own all resources and dictate what populations will get.

      So, this cover up of the deaths and adverse reactions that would require a immediate pulling of these unsafe vaccines isn’t done because this Innsurrection needs the Panademic and the failed vaccines to continue with the take over.
      Its vile, its sinister and its murder.
      Only option is to not comply with this .

  26. Would like to thank everybody for weighing in on my laptop issue yesterday. Upon further investigation, it makes no sense to try to salvage it. The bottom case, if I can even find one, is more than $100 alone. It’s not worth it for an almost 10 year old computer. The backlit keyboard (the letters are worn off more than half a dozen keys), is another $100. I haven’t even found the hinge yet. The screen, with its burned out pixels, is $150. I just don’t see the value.

  28. Incessant fear mongering and shaming by the media to try to force people into the jab.

    Before dying of COVID-19, mom of four pleads: ‘I need my kids to get vaccinated’

    A Florida mom lost her 2 sons to COVID-19 in the span of 12 hours after they refused to get the vaccine

    A South Carolina GOP leader who called face masks an ‘illusion’ has died from COVID-19

    SF mother who lost son urges African Americans to get vaccinated

    Nurse Who Lost Baby to COVID Complications Says It’s a ‘Slap in the Face’ When People Refuse Vaccine

    Republican lawmaker attends anti-vaxxer rally just days after his unvaccinated wife died of COVID-19, reports say

    COVID continues its march through the unvaccinated

    Hospitals struggle to find beds for mostly younger, unvaccinated COVID-19 patients

    1. The PTB know the vaxxes don’t work. There can be only one reason why they want a needle on every arm, and it isn’t a good one.

        1. Prayers for Roy Butler and his family tonight.

          Healthy 23 year-old athletes shouldn’t die from a vaccine and have it covered up by Real Journalists.

      2. Start aggregating all those “rare” adverse events and they’re not so rare. It’s a broad horrific spectrum.

    2. Don’t believe the Covid fear mongering lies .

      Bribery, extortion, threat of job loss , being able to engage in commerce , or threat of imprisonment in camps , if you don’t take unsafe injections, are the methods used to force compliance.

      Time to not comply with this evil .

  30. Just musing. I used to look at what was trending on YouTube just to see what most people were watching/concerned about. I don’t do that anymore, too demoralizing. Sort of like those interviews with the bright lights on the streets or at colleges.

  32. Did anybody think that we would go from two weeks to flatten the curve , to you will be imprisoned, starved, denied commerce , or lose your job, if you don’t take a untested, unsafe vaccine , over a contrived and fraudulent Panademic whereby mass vaccination wasn’t justified. Especially true when they had meds that were highly effective to combat the disease , that they suppressed killing thousands and thousands of people who could of recovered with med treatment.
    They are your enemy that want to take life, liberty and pursuit of happiness from you, for a dictorship by psychopaths.

  33. Anything positive to say about Yakima county WA? Houses there are <$300K and I think it has arable land.

    1. Yakima is an agricultural area, but recurring drought has been an issue in recent years, and there are migrant farm labor issues. Electric utility rates are ~$0.085/kw-hr, so winter bills are high if not using heating oil. There is also huge “Indian Nation” presence in the region, and small military presence at the nearby Yakima Firing Center. If you like small towns then you’ll want to locate somewhere outside of city limits.

      I’m in Grant county, the Moses Lake area, about 90-minutes North-East from Yakima. Grant county’s PUD owns two dams on the Columbia river, so our residential rates are cheap at $0.04/kw-hr. Industrial is even cheaper, so a number of our country’s largest data centers are located in the area. Grant county airport is a vast facility with huge runways. The Columbia Basin Irrigation Project is also in the region, and they are drought resistant as their water is pumped from the Columbia river, so lots of big Ag firms too. Lately the summers have been hotter, and wildfire smoke from Canada up North and the Cascade Range due West of us has been an increasing issue. Note that the “equity locust” invasion has driven up eastern Washington home prices too although nothing like the Everett – Seattle – Tacoma area.

      We moved to Grant county from the SF Bay Area for a lower cost of living that would allow mom to raise our children without being in the workforce. We like outdoor activities, but this area is too extreme both in cold and hot weather. We have two in University right now, or we’d move back south somewhere around California’s Central coast area.

    1. The Financial Times
      Charts that Matter
      US economy
      Global economic data disappointments add to rising growth angst
      US reports are missing expectations at the highest pace since the depths of the pandemic
      Eric Platt in New York August 22 2021
      US economy updates
      Line chart of Citi’s economic surprise index showing Economic indicators are falling short of Wall Street forecasts

      US and international data releases are missing forecasts at an accelerating pace, highlighting rising investor angst that the spread of the Delta coronavirus variant will slow the pace of the global economic recovery.

      Several closely watched US economic measures published in recent weeks have come in well below Wall Street expectations, indicating the powerful economic growth from the depths of the Covid crisis may be losing steam.

      US data have underwhelmed economists’ predictions for much of the past month, while in recent days, these reports have started missing the mark by the greatest degree since the pandemic was punishing the country last year, according to an economic surprise index collated by Citigroup.

      US consumer confidence fell sharply below estimates two weeks ago, followed by weaker than expected reports on retail sales and the pace of new home construction days later. Business activity as measured by regional Federal Reserve branches has also been poorer than projected.

      A similar story is at play outside of the US, with Citi’s measurements of how economic reports in G10 countries have fared compared with estimates also falling into negative territory. And the bank’s monitor of China is even bleaker, given retail sales and industrial production figures undershot estimates last week.

      The deceleration in these economic gauges comes at a time when the Fed has signalled it could begin easing, or “tapering”, its crisis-era bond-buying programme later this year.

      “The tone of investor focus has shifted from reopening momentum, strong fiscal and monetary support, and earnings strength to tapering talk, political uncertainty . . . China slowdown and geopolitical tensions,” said Mark Hackett, analyst at Nationwide Investment Management.
      …

    1. Given all the recent media attacks on Elder, he is shaping up to become the black Trump.

      Opinion
      Gavin Newsom’s got 99 problems — and Larry Elder is the biggest one
      By Kevin D. Williamson
      August 21, 2021 7:53am Updated
      California Gov. Gavin Newsom faces being ousted with a recall election after he dined out maskless amid his own pandemic restrictions. Inner-city radio host Larry Elder (left) is gunning for his job.
      — VP Harris to campaign for California Gov. Newsom as recall race heats up
      — Gavin Newsom sells house for $5.9M ahead of California recall election

      Weary Californians are ready to send California Gov. Gavin Newsom to the Andrew M. Cuomo Memorial Home for Incurable Politicians.

      The Democrat faces a recall election in September after 1.3 million Californians — including hundreds of thousands of registered Democrats — signed a recall petition damning his performance on everything from illegal immigrants to water-use policies to taxes.

      Right now, Newsom has three distinct sets of problems.

      His first set of problems can be filed under “Gavin Newsom Is Not Very Good at Politics.”

      Newsom made himself into a figure of contempt when, in the midst of the COVID-19 lockdown he ordered and ruthlessly policed, he and his lobbyist cronies — medical lobbyists at that! — discarded the masks he had mandated for the peasantry and sat down for a splendid meal at the French Laundry, arguably America’s most froufrou restaurant, running up a $12,000 tab for wine alone.

      Gov. Newsom called it a “bad mistake,” as though he had simply tripped and fallen into a $2,800 bottle of Domaine François Raveneau.

      After that comical performance, California Democrats probably wanted to forget he was one of them — which is what Gov. Newsom apparently did. California’s sitting Democratic governor will not be listed as a Democrat on the recall ballot, because he failed to file the paperwork identifying himself as a member of his party before the deadline. In a state where Democrats have a sheer numerical advantage, that is a critical strategic failure.
      After imposing a strict mask mandate and lockdown for his state, Newsom was spotted having an unmasked meal at the French Laundry.

      The second set of problems is found in an even larger file labeled “Gavin Newsom Is Not Very Good at Being Governor.” Newsom’s plutocratic escapades might have been amusing if California were thriving in general — but it is not. California still looks golden for the sort of people who dine at the French Laundry, but for non-gazillionaires, the going is rough: Crime is up, the cost of living is impossible for people who are not big kahunas in Silicon Valley or celebrities in Beverly Hills, vagrant encampments are to be seen everywhere, the streets of many California cities are Third World-style gauntlets of beggars.

      And it is going to get worse: Even as booming stock prices provided California with a one-time $15 billion budget surplus, Newsom and his Democratic allies in Sacramento have put the state on track for a string of multibillion-dollar deficits beginning in two years. That’s going to mean higher taxes or cuts in services — neither of which would be welcome.

      Newsom’s third set of problems is Larry Elder.

      The popular, black talk-show host and columnist from inner-city Los Angeles is the leading candidate to replace Newsom in the recall effort.
      …

      1. “After imposing a strict mask mandate and lockdown for his state, Newsom was spotted having an unmasked meal at the French Laundry.”

        But they’re sophisticated!

    2. Heh heh…we already mailed in our ballots.

      “…in a recall election, it could end up that just a tiny fraction of the state’s roughly 40 million residents pick the next governor of the most populous state in the country, unless voters show up. In 2003, when California booted Gov. Gray Davis, only around 9 million of the state’s 15 million voters participated, and just 4.2 million picked his replacement — and this time, no world-famous actors like Arnold Schwarzenegger are on the ballot.”

      https://www.mercurynews.com/2021/08/12/recall-qa-everything-you-need-to-know-about-the-election-that-could-cost-gov-gavin-newsom-his-job/

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