The Dystopian Nightmare Was Part Of The Reason For The Price Reduction
A report from the Denver Channel in Colorado. “Denver’s red hot housing market is finally beginning to balance out. ‘It’s still a seller’s market,’ said realtor Joy Dysart. ‘We’re not seeing quite as many showings. I would say that the feeding frenzy has certainly calmed down. If houses aren’t priced correctly, we are seeing a few reductions in pricing, and that’s a huge indicator.'”
“New homeowner Nicole Goodhew will be the first to tell you her new home isn’t perfect, but it’s getting there. She bought her condo for about $50,000 less than a recently remodeled identical unit in her complex.”
The Orlando Sentinel in Florida. “Real estate agent Vicki Foley in Volusia County said several of her clients have walked away from the market. ‘The buyers I’m working with, when we first started out, homes were in their budget,’ she said. ‘Now I don’t have anything to offer them for the amount they got approved.’ When she does find houses, she says they often aren’t in a condition to buy with financing. ‘We find out there’s a tree growing out of the roof or the roof is too old and can’t get insured,’ she said.”
The New York Post on California. “Matt Damon’s Los Angeles home just took a massive $3.1 million price cut after 216 days on the market without any offers, The Post can report. Initially listed at $21 million in January, Damon is now asking for $17.9 million for his Pacific Palisades estate. The ‘Bourne Identity’ star first purchased the home, located in the upscale Northern Riviera neighborhood, in 2012 for $15 million, property records show.”
From The Real Deal on Illinois. “It took a dozen years and a huge price cut to sell a St. Charles house designed as a replica of the Virginia Governor’s Mansion. The five-bedroom house went on the market in 2009 at an asking price of $1.775 million before being reduced in April of this year to $950,000 and sold it for $915,000 on August 16. The St. Charles house, built on a 1.25 acre lot in the Hawk Country Club in 1995, sits about 50 miles west of Chicago.”
The New York Post on New Jersey. “You thought those friends who snagged a Catskills farmhouse just before all hell broke loose in March 2020 were getting a deal? Well, in Englewood, New Jersey, the resplendent ‘Gloria Crest’ mansion — once one of the Garden’s State’s most expensive listings at $39 million in 2013 — just closed for a mere $4.6 million, a staggering 88% reduction from its original asking price.”
“It took a rotating cast of brokers and years of price drops — $25 million in 2014, $24 million in 2015, $12 million in 2018 and even $9.99 million in 2019 — to close the deal. In 2017, the so-called ‘White House of Englewood’ nearly headed to a foreclosure auction with a $17 million asking. Michelle Pais, CEO of Michelle Pais Group, who finally sold the house attributes the wild discount to the $168,000 annual tax bill and the not-so-humble abode’s need for significant renovations.”
“‘It was corporate-owned and there were multiple decision makers and many hoops to jump through to get an offer voted through to acceptance,’ said Pais. ‘Throughout the listing, we generated multiple offers higher than for what it sold. Unfortunately, at that time, the powers that be were not willing to vote through anything less than the full asking price.’ Finally, they relented and approved Pais’ suggested price adjustment following rounds of formal appraisals.”
The Seattle Business Journal in Washington. “Some investors and developers continue to place money in Seattle despite its anti-business reputation and the encampments of homeless people along some streets. The new owners of the tiny property where Jiffy Lube operates in Seattle’s Belltown neighborhood plan to build a 45-story residential and hotel tower there. The post says the tower at 2033 Fourth Ave. will have 32 floors of co-living space above nine floors of hotel and three levels of amenity space.”
“Silver Cloud Inn & Hotels, which planned a tower where Jiffy Lube operates, sold the property in March for $6.2 million to a Hoboken, New Jersey, limited partnership. That was $2.8 million less than the listing price; the listing broker said the ‘dystopian nightmare’ state of downtown was part of the reason for the price reduction.”
From Bisnow Washington DC. “A development site in the booming NoMa neighborhood that has been planned as a condo project for over five years has hit the market for sale. Avison Young this month began marketing the site at 1109 Congress St. NE, a 10K SF lot that has approval for an eight-story, 62-unit multifamily building. The brokerage firm is marketing it on behalf of a partnership consisting of high net worth individuals that acquired the note on the property in June from J Street Cos., Avison Young Senior Vice President Matt Weber said.”
“J Street filed a planned unit development application with the Zoning Commission for a 62-unit condo project in June 2016, and it received approval in September 2017. The developer had told Bisnow in August 2018 it planned to start construction on the project by the end of that year, but that groundbreaking never occurred. Weber said J Street wasn’t able to secure the construction financing necessary to break ground, and it is no longer involved with the site. ‘It’s a unique situation because this project should have been developed four or five years ago, but now we need a developer with financial strength that can come in, and you’re in an even better position than you were in the previous set of circumstances,’ Weber said.”
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I don’t have a subscription, but this will surface somewhere else:
https://businessden.com/2021/08/24/impoverished-northstar-hit-with-4m-forfeiture-case-as-firm-unloads-properties/
Looks interesting! I love stories about dumping of properties.
Here’s something on the backstory:
https://www.geekwire.com/2021/former-aws-real-estate-managers-accused-taking-millions-kickbacks-challenge-amazons-motives-amid-fbi-investigation/
It’s behind a paywall so I couldn’t read, but isn’t it amazing how these clowns get paid handsomely to fail so spectacularly? Lose tens of billions and get fat bonuses. Meanwhile, if you don’t dig a ditch fast enough for minimum wage, you’re gone.
‘a partnership consisting of high net worth individuals that acquired the note on the property’
Somebody took an a$$ pounding.
“Somebody took an a$$ pounding.”
That’s typically the case with a resale house for the end user. Nothing but losses.
‘just took a massive $3.1 million price cut after 216 days on the market without any offers…Initially listed at $21 million in January, Damon is now asking for $17.9 million for his Pacific Palisades estate…first purchased the home, located in the upscale Northern Riviera neighborhood, in 2012 for $15 million’
So nine years of red hotcakes, “double digits hurray!” we’re told, and it has sold for 3M more? Chase that market down Matt. Like these guys:
‘‘Throughout the listing, we generated multiple offers higher than for what it sold. Unfortunately, at that time, the powers that be were not willing to vote through anything less than the full asking price.’ Finally, they relented and approved Pais’ suggested price adjustment’
Similarly, a reader sent this in:
$999,000 10 bd 4,370 sqft
75-247 Pumehana St, Kailua Kona, HI 96740
8/19/2021 Price change $999,000 (-7.1%) $229/sqft
7/12/2021 Price change $1,075,000 (-8.5%) $246/sqft
6/25/2021 Listed for sale $1,175,000 (+18%) $269/sqft
11/25/2020 Sold $995,500 (+0.1%) $228/sqft
9/28/2020 Pending sale $995,000 $228/sqft
9/26/2020 Listed for sale $995,000 (-8.7%) $228/sqft
11/6/2019 Listing removed $1,090,000 $249/sqft
https://www.zillow.com/homedetails/75-247-Pumehana-St-Kailua-Kona-HI-96740/570655_zpid/
Cool history, the flippers can be proud to be among the first to lose in this high-stakes game of their own making. Make a t-shirt!
Back in the heyday my favorite site was Sacramento Flippers in Trouble. So much schadenfreude.
That kitchen is small even for a one bedroom apartment. Totally insufficient for 10 bedrooms.
A second kitchen is also shown. The two outdoor laundry stations are interesting.
“The two outdoor laundry stations are interesting.”
Shared?
What a strange house. The description says “four living units,” but to be honest, it gives me a the vibes of a free-love commune.
Perfect for a Jihadist with many wives!
Realtors are liars.
How does he like those apples?
https://tinyurl.com/4kvhh3vd
https://diyjoy.com/cheetos-apple-pie-recipe/
That’s some good fetchins right there Donk.
Bellaire, TX Housing Prices Crater 18% YOY As The Triple Cripple Of Soaring Inventory, Spiraling Foreclosures And Plunging Demand Slam Houston Area
https://www.movoto.com/bellaire-tx/market-trends/
As one Houston broker joked, “If you want houses, we got’em. Come and get it.”
‘the listing broker said the ‘dystopian nightmare’ state of downtown was part of the reason for the price reduction’
The Seattle REIC will tell you it’s red hotcakes amongst the needles and turds. Do you believe that? Yesterday I watched a video of Boston, described as “third world.” What are these cities doing to themselves, and what do they think is going to happen with tents lining the streets and bums passed out in day time?
It doesn’t get anymore vile and 3rd world than Denver and Seattle…… and it extends out 200 miles from the center.
Breaking news from J&J: https://www.jnj.com/johnson-johnson-announces-data-to-support-boosting-its-single-shot-covid-19-vaccine
Takeaway: J&J shot immunity holds steady after 8 months (i.e. it doesn’t decrease like Pfizer). However, a booster dose after 6 months increases neutralizing antibody activity nine-fold. More details to come out.
That is, the data suggests that the J&J booster is not a need-to-have, but it’s a nice-to-have. But, of course, the news will play it up like a need-to-have anyway.
Neither the original nor the [endless] boosters are need to have or nice to have but a must to avoid.
I should add that I have another question about this new data. In the supplement* to the first J&J paper — the paper which observed that the single-shot immunity held steady after 8 months — Table S1 states that the neutralizing antibody titer for Delta variant is 39 at Day 29 and 107 at Day 239 (8 months). That is, neutralization of Delta increased by 2.74-fold just from waiting 8 months, with no second shot. If that 2.74-fold increase is already enough to stave off Delta, then that 9-fold increase on top isn’t necessary, therefore neither is the shot necessary. I’ll check the full details of the new J&J paper to see if how they compared a six-month booster+time to time alone.
I give credit to J&J for emphasizing that antibody neutralizing titer data is only a lab test, and they haven’t yet equated it with clinical efficacy against infection or symptoms. They are in talks with FDA to discuss this. And yes, FDA will discuss this. Despite the crap coming from upper management at FDA, I trust the insight of the staff-level reviewers.
—————–
*https://www.nejm.org/doi/suppl/10.1056/NEJMc2108829/suppl_file/nejmc2108829_appendix.pdf
Another medical tyranny narrative, published today:
https://kdvr.com/news/metro-denver-is-one-of-the-nations-hottest-areas-for-vaccine-mandates/
Note that Real Journalists are the enablers of this tyranny, they are not just objective observers.
Pay close attention to the language of this sentence:
“as the rest of the country slowly develops the kind of patchwork laws COVID has made all too familiar”
All too familiar? Since when exactly, November 2019 when they released this from the lab? Or March 2020 when the Great Tyranny really began?
Globalists, do you know you’re not fooling us? And that there are no groups? And that we can’t be cancelled?
Globalists, do you know what is coming your way, soon? LOLZ
LOL@ mandating vaccines that don’t even work:
https://www.cnbc.com/2021/08/25/covid-protection-for-the-fully-vaccinated-is-waning-uk-study-finds.html
Military just mandated to take the jabs.
Before you know it our lives will revolve around lining up to take booster shots every month.
Will you be Court marshalled if you refuse the jab in the military?
Something is disturbing about the fact they funded the gain of function creation of this disease, and now they want you to take their solution vaccine to the bio weapon. This madness when they had medications that had a high success rate in treatment of the virus.
You really have to reject evil , or you will become a victim of evil. Compliance just gets you more victimization.
There is nothing about this Panademic that comports with Science or logic or right to not be a lab rat for untested new technology vaccines.
Any Entity that wants to force you to take something has a agenda that’s against your own interest. Any Entity that is fraudulent and is censoring dispute to their con job is your enemy.
California news is just so fraudulent . The narrative is unvaccinated is cause of Covid cases , and vaccine failure has nothing to do with anything . People who die from jabs are being falsely counted as unvaccinated deaths. This constant rigging of the data to support their fraud is evident.
I think that the FAA might made the jab required to board an airliner. Of course, this will mean that airlines will lose a lot of passengers, though I suppose that the FedGov will bail them out, until they can’t.
How can they mandate passengers being jabbed when the airlines couldn’t get their own employees to get the jab? You sound like a jabba that never leaves his couch and slobbers over doom porn.
How can they mandate passengers being jabbed when the airlines couldn’t get their own employees to get the jab?
I didn’t say the airlines would ban them. I said the FAA might. You do know that the FAA already has no fly lists, right?
As for slobbering and never leaving my couch, it sounds to me like you are projecting.
You’re speculating again.
Housing.
Cape Coral, FL Housing Prices Crater 23% YOY On Soaring Inventory And Plunging Demand
https://www.movoto.com/cape-coral-fl/market-trends/
Of course they “work.” They just changed the definition of “work.” Work used to be “no symptoms.” Now work is “no hospitalization.” And that type of “work” seems to last a lot longer than 8 months.
They’re trying to keep people out of the hospital. Sorry, that’s what it seems to be.
I noticed the globalist scum media is pulling a big boo hoo about the “Afghan people.” Why not get down to the bottom of that multi-decade slaughter?
The Brzezinski Interview with Le Nouvel Observateur (1998)
Question: The former director of the CIA, Robert Gates, stated in his memoirs that the American intelligence services began to aid the Mujahiddin in Afghanistan six months before the Soviet intervention. Is this period, you were the national securty advisor to President Carter. You therefore played a key role in this affair. Is this correct?
Brzezinski: Yes. According to the official version of history, CIA aid to the Mujahiddin began during 1980, that is to say, after the Soviet army invaded Afghanistan on December 24, 1979. But the reality, closely guarded until now, is completely otherwise: Indeed, it was July 3, 1979 that President Carter signed the first directive for secret aid to the opponents of the pro-Soviet regime in Kabul. And that very day, I wrote a note to the president in which I explained to him that in my opinion this aid was going to induce a Soviet military intervention [emphasis added throughout].
Q: Despite this risk, you were an advocate of this covert action. But perhaps you yourself desired this Soviet entry into the war and looked for a way to provoke it?
B: It wasn’t quite like that. We didn’t push the Russians to intervene, but we knowingly increased the probability that they would.
Q : When the Soviets justified their intervention by asserting that they intended to fight against secret US involvement in Afghanistan , nobody believed them . However, there was an element of truth in this. You don’t regret any of this today?
B: Regret what? That secret operation was an excellent idea. It had the effect of drawing the Russians into the Afghan trap and you want me to regret it? The day that the Soviets officially crossed the border, I wrote to President Carter, essentially: “We now have the opportunity of giving to the USSR its Vietnam war.” Indeed, for almost 10 years, Moscow had to carry on a war that was unsustainable for the regime , a conflict that bought about the demoralization and finally the breakup of the Soviet empire.
Q: And neither do you regret having supported Islamic fundamentalism, which has given arms and advice to future terrorists?
B : What is more important in world history? The Taliban or the collapse of the Soviet empire? Some agitated Moslems or the liberation of Central Europe and the end of the cold war?
Q : “Some agitated Moslems”? But it has been said and repeated: Islamic fundamentalism represents a world menace today…
B: Nonsense! It is said that the West has a global policy in regard to Islam. That is stupid: There isn’t a global Islam. Look at Islam in a rational manner, without demagoguery or emotionalism. It is the leading religion of the world with 1.5 billion followers. But what is there in common among fundamentalist Saudi Arabia , moderate Morocco, militarist Pakistan, pro-Western Egypt, or secularist Central Asia? Nothing more than what unites the Christian countries…
https://dgibbs.faculty.arizona.edu/brzezinski_interview
Something like 24 or 26 nations went Muslim under Carter including a geographically shrewdly strategic assination of our ally Anwar Sadat in Egypt. Later Libya. The Muslims gained a significant stronghold across Northern Africa wiping out many small tribes and south and on down. The invasion of Muslims from North Africa to Europe is the result.
Many of those Muslims storming Europe
Not only that but the imbecile gave away our Panama Canal. I worked with a Panamanian decades ago and prior to the giveaway. She said Panamanians adored Americans.
“She said Panamanians adored Americans.”
Especially the cartel bankers like Bank of Credit and Commerce International, aka BCCI.
“We didn’t push the Russians to intervene, but we knowingly increased the probability that they would.”
I like it. What I don’t like is the same sort of tarpit was dug for us and we, a nation of dummies, waded into it.
I ran across this …
“Bin Laden’s overall strategy for achieving his goals against much larger enemies such as the Soviet Union and United States was to lure them into a long war of attrition in Muslim countries, attracting large numbers of jihadists who would never surrender. He believed this would lead to economic collapse of the enemy countries, by ‘bleeding’ them dry. Al-Qaeda manuals express this strategy. In a 2004 tape broadcast by Al Jazeera, bin Laden spoke of ‘bleeding America to the point of bankruptcy’.”
https://en.m.wikipedia.org/wiki/Osama_bin_Laden
If Israel wasn’t located in the region I think it would be very difficult to convince taxpayers that we need to squander our country’s prosperity in the Muslim countries.
“Julian Assange speaking in 2011: ‘The goal is to use Afghanistan to wash money out of the tax bases of the US and Europe through Afghanistan and back into the hands of a transnational security elite. The goal is an endless war, not a successful war.'”
Amazingly this goal was similar to Osama bin Laden’s which makes them, in a sense, partners.
“The goal is an endless war, not a successful war.”
That’s why Israel hasn’t annexed the Gaza Strip. $$$
big boo hoo about the “Afghan people.”
ZH: WikiLeaks Reviews Some Of Its ‘Greatest Hits’ Leaks On Afghanistan
2) The CIA attempted to blunt criticism of the US ‘endless’ occupation by creating propaganda that emphasized feminism for “targeted manipulation of public opinion”…
I would say that the strategy backfired. Women are all for “fighting” for rights if the only fighting involved is knitting a pink hat and screaming at the sky. None of them want to fight those mean-looking dudes with the American-made bazookas.
Women are all for “fighting” for rights if the only fighting involved is knitting a pink hat and screaming at the sky.
haha! i’ve seen them swing hammers at weight scales too!
“…who finally sold the house attributes the wild discount to the $168,000 annual tax bill…”
Exhibit “A”
Overbidders of all stripes who bid on emotion and didn’t think through long term holding costs are going to be shocked of how expensive true operating costs of their new shacks actually are.
Property taxes [and HOA / in California Mello-Roos] are the most notorious. Governments now look at property taxes as the new pot of gold to fund bloated pensions and waste.
What course of action will loan owners take when total yearly holding costs represent a sizable fraction of total income?
Sitting ducks.
The ‘Bourne Identity’ star first purchased the home, located in the upscale Northern Riviera neighborhood, in 2012 for $15 million, property records show.”
Property taxes are only headed higher in California as the Democrat-Bolshevik regime running the state into the ground sinks deeper into far-left lunacy and moar freebies for their core constituency of parasites.
“…core constituency of parasites…”
No kidding. Key operative word is ‘parasites’
Property taxes are only headed higher in California
Prop 13 still hasn’t been repealed.
Incrementally it has. It is not longer transferrable to heirs as of 2021
Speaking of heirs, it’s not too late for the gene therapy injected to include the good old HBB in yer will! I’ll take good care of yer shacks. I’m not feeding squirrels though, cuz they are pretty much rats with a bushy tail.
More Vaccine Bloodwork: Blood Cells Reportedly Clotting After Vaccine
https://www.bitchute.com/video/XhLaVUT9tGIw/
“I’m not feeding squirrels though, cuz they are pretty much rats with a bushy tail.”
Kinda like seagulls…. nothing more than flying rats.
More Vaccine Bloodwork: Blood Cells Reportedly Clotting After Vaccine
Next year should be interesting. Probably why they’re doing everything they can to “inoculate” as many as possible.
Prop 19 made modifications to the P-C-GC exclusion, but it is not quite a repeal. Parents/grand parents can still transfer primary residences to children without a reappraisal on the property. The limit on transferred value is the taxable value of the prop plus $1M. The child also has to use it as a residence.
There will certainly be some reappraisals on investment properties.
Another day, another downward revision of the COVID-19 vaccines’ efficacy from the politicized medical charlatans at the CDC, who now want us to take endless boosters as each new variant further reduces the jab’s effectiveness and the control measures and overreach from the globalist Quislings get more draconian by the month.
https://www.msn.com/en-us/health/medical/vaccine-efficacy-diminished-as-delta-arose-cdc-report-shows/ar-AANGSlO
It’s illegal to go outside in Australia.
Globalists gonna globe.
And cvcks gonna cvck. Imagine being an emasculated pajama boy like those cvcks.
I always felt the efficiency ratings were fraud anyway because how can that be rated when no long term trials were conducted on the vaccines.
The Monopolies aren’t even trying to hide their take over of Governments anymore. Klaus Schwab calls it “Corporate Governance.”
Seriously , I can’t think of a any worse take over than by Globlist Monopolies/Money Cartels/ Elite.
Its the Rockefeller business model of Monopoly Dictorship by elimination of competition by any means to achieve concentration of power.
This is like a form of warfare to destroy individual rights for this Dictorship by these Entities.
And its apparent that they plan to control all resources, dictate what populations will get, dictate injections you will get, social engineering and surveillance and Police State for their dictates.
Any kind of headway made by populations in terms of the rights of the individual for pursuit of happiness , they want to destroy for their psychopathic Dictorship.
They have already destroy the first amendment by their censorship of facts and dispute to their fraudulent narratives. The medical tyranny is obvious.
They want to destroy all the freedoms and rights of the individual and all Constitional protections.
They criminally rigged the election to put in their treasonous puppets. They have declared open warfare on over half the Country.
Its such a outrageous power grab that its hard for people to believe . No doubt they speeded up their take over because of the pushback by the Trump election.
Fauci funded a gain of function virus in a foreign rival Country as a act of treason. Than it was unleashed , likely deliberately, to bring on the medical dictorship. All the evidence adds up to the fact that this was a pre planned Panademic.
Its all so damn evil, and they are responsible for thousands of deaths so far.
Do you like to adjust your HODLings while drinking?
Nearly 6 in 10 Gen Z investors — and 9% of baby boomers — admit to trading while drunk
Last Updated: Aug. 24, 2021 at 2:23 p.m. ET
First Published: Aug. 19, 2021 at 10:15 a.m. ET
By Weston Blasi
According to a new survey, 59% of Gen Z traders claim to have bought or sold an investment while inebriated
…
Several finance gurus are predicting a massive crash. One of them (Pento) was more specific, placing the crash next spring or summer. His reasoning was that by that time, there will be no more gimme-stimmie, monthly EICs, unemployment, or moratoria. Retail investors have been using all of those to trade in memestonks. They will run out of either wage monies or gov cheese, and they will have to pay rent, mortgages, and student loans again. No new money going in –> crash.
Orlando, FL Housing Prices Crater 17% YOY As Sellers Slash Prices Double Digits Across Florida
https://www.movoto.com/orlando-fl/market-trends/
As one real estate economist questioned, “With 25 million excess, empty and defaulted houses out there, why build more?”
Let him have him come in, and try to defend Gavin Newsom’s record on crime, and on homelessness, and on the outrageous cost of living, and on the way he ignored science and shut down the state to the point where a third of small businesses are gone forever.
https://www.breitbart.com/politics/2021/08/25/exclusive-larry-elder-dares-joe-biden-to-campaign-for-gavin-newsom/
all real estate resembles a bamboo shishi odoshi.
one side fills. balance is achieved, then overfills.
empties in a rush
repeat
on
and on
perpetual
mechanism only breaks from lack of maintenance.
Looking at the front page of today’s news…
– Lots of people are dying from delta covid!
– Office bldgs are empty as workers remain home!
– Stock Market poised for take-off…especially the NASDAQ!!
No surprise here.
QE to infinity. My tech stocks went crazy after earnings. Free money and more and bigger bubbles to continue!
Note to self: Never invest in oceanfront high rise air boxes in the sky.
https://www.wsj.com/articles/behind-the-florida-condo-collapse-rampant-corner-cutting-11629816205
Wow, nice graphics in this piece.
“Many of the key principals are dead, including the architect, the lead structural engineer and the contractor.”
Whew…that was close!
“…florida-condo-collapse-rampant-corner-cutting…”
Makes you wonder.
Was it engineering ignorance / sloppiness, or under the table payoffs?
While the principles may be dead, the paper trail lives.
I don’t know the WSJ take on this but I did read two engineering reports. There seems to be layered construction irregularities but the one that strikes me the most is the finding that the concrete slab was slightly convex. It thereby caught all water from rain, gardening, pool overflow, etc and drained it to the center of the slab. The Foundation slab was supposed to be ever so slightly convex so water would roll off the slab and not puddle. There were huge puddling issues so much so that they tore through numerous water pumping machines on an annual basis and an almost continual water pump operation from the basement area where cars parked, one area in particular was exactly below the first cave away. The owners were haggling for years about repair costs and avoided necessary repairs suggested by one engineer to be urgent.
Correction The slab was concave and was supposed to be convex.
“…supposed to be convex….”
Yep. Essentially the reverse of how a typical shower pan is constructed. Water should run away to the edges of the slab and not the center.
Which re-raises the question about how could inspectors miss such a critical feature? Eventually, the paper trail will speak.
I would think *anyone* who is still alive and even tangentially involved with planning/construction/inspection of this building is just got to be sh*ting bricks right now.
Investors probably have no way out. As Judge Judy says “Suck it up”
Further, bag holders owning units in similar structures are doomed.
Lawsuits and cross lawsuits will be filed for years/decades to come.
The sub-structure’s friction piles were subject to differential settling due to dissolution of limestone. In addition, the piece indicated that the weight bearing slabs rested directly on undersized columns rather than beams and columns, which would have enhanced redundancy. Like the piece indicated, high rise condos at the beach were a fairly new deal back in the day.
“back in the day”
What is this back in the day you speak of? And how can sparkies harvest more shekels from it?
#ClownWorld2021 is such a sh*tty version of Clown World that nobody ever wanted. Just the globalists, who were never elected to anything.
Florida has a rich history of building shoddy timeshares for north easterners tired of the cold weather.
How is it that friction piles failed due to dissolving limestone? Friction piles don’t require competent rock unlike end bearing piles and Dywidags.
As usual, party and counter party “experts” (simply engineering consultants) establish their story. From what I read which isn’t much, chlorinated water from pool rotted bar which spalled the concrete encasing it. Geotechs and structural departments can pile on a bunch more reasons but in the end, it’s the simple and self-evident conditions that cause these failures. Granted, the concrete outside the bar does nothing for strength, it provides the minimum cover as established by ACI to prevent corrosion. I’ve gotten burned and nearly fired for substituting materials without checking compatibility, specifically CL2. It eats stainless reinforcing quickly. D&C of water holding structures requires a whole bunch of detail and strict conformance to the design docs during construction. Were sealants at joints replaced? As good as Sika and Pecora products are, they have a life and need to be replaced and they’re not cheap. Did waterstops at cold joints make it into the contract docs? If so, did they fail? I wouldn’t want to be the last consultant who performed an inspection on that structure no matter how much their report uncovered.
The party with the deepest pockets is who pays in these cases… usually.
reading this blog since 2006, the wealth of information by posters is simply astounding!
I have no experience with coastal engineering projects, but I do have years of experience inland around fresh water storage and conveyance, and there are plenty of bridges, culverts and road crossings on our project that have been exposed to a variety of road de-icing agents roughly four months every year. There are substantial risks when politicians pull stunts like diverting motor fuel road taxes to k12 school teachers.
Also noted in that piece was the lack of an “east-west” shear wall in the failed tower. Wind loads in a place like Florida can be substantial during storm events.
Bronx, NY Housing Prices Crater 32% YOY As NY Economy Hemorrhages And Sellers Beg And Plead For Offers
https://www.movoto.com/bronx-ny/market-trends/
As one real estate economist commented, “Housing prices are falling at a rapid rate across the US.”
Well according to Louis Rossman, real estate is booming in New York City.
Redpilled:
How’s it going? Would like to know how the process was for getting Regeneron for your hubby? In Portland area its just the 3 biggest hospitals offering it and so i assumed there were quite a few hoops or maybe even pre existing risk factors needing to be present to qualify for it? (That was pure assumption on my part.) Hope your family is hanging in there
Hubby just left for treatment. He did inquire about it and whether he was eligible for it. He has high blood pressure and a few extra pounds. Because we’re all unvaxxed, the doctor recommended he get it even though he was feeling a bit better. Vaccination appears to be a contraindication. My best advice is to be proactive at the first sign of symptoms.
My best advice is to be proactive at the first sign of symptoms.
and that’s been the best advice since this whole thing started too.
Hubby feels like crap after the treatment (tired, slight fever but to be expected) and I just got back from taking our son to the ER after he became symptomatic shortly after my husband left for his treatment. Autism complicates evaluating and treating him, although I was told to treat his symptoms like I would the flu. We should get his test results back in 24-48 hours. My husband’s infusion nurse told him he should still get vaxxed after this because he might be exposed to the original virus or worse, Lambda.
he might be exposed to the original virus or worse, Lambda.
I wonder who fed that line to the nurse. The “original” virus, D614G, was outcompeted first by Alpha and then by Delta months ago. And I’m going to speculate that your husband’s Delta-based antibodies will fend off Lambda better than any of the D614G- or Alpha-based vaccines.
(information about variant dominance: covariants.org. Click on Per Country or Per Variant)
I feel like the US Citizens are back to needing to declare their Declaration of Independence from this tyranny that has taken over and is occupying the Government.
The tyranny and dictorship is going to be worse than King George even.
Globlist Monopolies/ Money Cartels / Elites wanting to rule US and other Countries like they were self appointed Monarchy.
They have some pretty weird agendas that are pretty anti human rights, with total dictorship plans.
They even want to alter humans , put chips in you, dictate what you get to eat , control all resources etc.
Its like humans will be their drone slaves. And they do talk about depopulation, They want to put humans in 5 main locations , given small space to exist. Kinda like chickens in chicken farms.
The thing about these monsters, is they are serious about what they want to do .
They are your enemy just based on they want to take all you freedoms , kinda like engineered slavery.
I know this sounds alarmist on my part, and I don’t think they will be successful in the long run, but just look at the crap they have done so far .
“They are your enemy just based on they want to take all you freedoms , kinda like engineered slavery.”
What they want is for us to WILLINGLY GIVE UP all of our freedoms.
And you are correct; It is kinda like engineered slavery, but brought about by persuasion rather than by coersion.
persuasion rather than by coersion
Reluctance seems to make coercion increasingly attractive.
Does the death cross in ten year Treasury yields concern you?
https://www-marketwatch-com.cdn.ampproject.org/v/s/www.marketwatch.com/amp/story/death-cross-in-10-year-treasury-yields-signals-that-bond-yields-may-plumb-new-depths-and-prices-rally-11629912748?amp_gsa=1&_js_v=a6&usqp=mq331AQIKAGwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=16299364948576&csi=0&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fdeath-cross-in-10-year-treasury-yields-signals-that-bond-yields-may-plumb-new-depths-and-prices-rally-11629912748
Boulder, CO Housing Prices Crater 27% YOY As Subprime Mortgage Nightmare Unfolds Across Denver Area
https://www.movoto.com/boulder-co/market-trends/
As one Boulder area broker explained, “Most of our sellers are underwater. Deep underwater.”
Psaki is particuarly snide to Peter Doocy. Beeatch!
particularly
Don’t you just want to mix in some Nair with that hair color?
please stop! my sides are hurting.
+1
Now that people have caught on, those roots were done quite recently.
You know how Jen Psaki is lying? She’s opening her mouth.
It’s a “lightening rod” job with the cameras rolling.
These ladies have my respect and sympathies.
I can’t stand Psaki, but I am impressed by these ladies nonetheless. That’s a hot seat to ride.
Yesterday from Nature, COVID vaccines and blood clots: what researchers know so far
COVID vaccines and blood clots: what researchers know so far
I’ll bet that won’t be reported on the nightly news.
https://www.barrons.com/amp/articles/things-to-know-today-51629885739
“Granted, the inventory of previously-used homes still stands at a rather scant 2.6 month supply at the present sales pace. In the new-home space, inventories now represent 6.2 months of supply at the present sales pace, which is closer to the normal state of affairs.”
So which is it?
2.6 months supply of “used” houses + (some unknown #) “new” houses = 6.2 months supply (used & new together)
OR
2.6 months supply of “used” houses + 6.2 months of “new” houses = 8.8 months supply (unpossible! because that’s not “normal state of affairs”)
If only half of the 850,000 (425,000) forebearance exits between August to October are added to the market this fall, how much would 425K add to the total months supply? 🤔 anybody know?
“What researchers know so far. ”
They can all go to hell because you do the research in safety trials before you inject millions of people, not after.
They have discarded all rules , and are just Fraudulent monsters.
Looks like the DNC’s FBI Chekists have been hard at work conjuring up bogus “white supremacist” threats to advance The Narrative and justify our increasingly Orwellian and oppressive surveillance & security state.
FBI Bankrolled Publisher of Occult Neo-Nazi Books, Feds Claim
https://www.vice.com/en/article/dyv9zk/fbi-bankrolled-publisher-of-occult-neo-nazi-books-feds-claim
Court documents claim that a confidential informant who helped bring down Atomwaffen Division is also a publisher of white supremacist literature.
Democrat election-riggers aren’t sending their best.
Police: Passed-out man had 300 mail-in California recall ballots
https://thehill.com/homenews/state-watch/569337-police-passed-out-man-had-300-mail-in-california-recall-ballots
California police are investigating a man who reportedly had more than 300 unopened mail-in ballots for the upcoming gubernatorial recall election in his possession when he was found passed out in his car.
Torrance Police Department Sgt. Mark Ponegalek told ABC affiliate KABC this week that officers responded to a call on Aug. 16 of a man sleeping in his vehicle outside a 7-Eleven.
Ponegalek said police found a loaded firearm, drugs, stolen credit cards and driver’s licenses and more than 300 election ballots in the back seat of his car.
The polls so far say that enough numbers want to recall Newsom. Rigging plan I think is in works because the. smear campaign against Elder doesn’t seems to be working.
I won’t be surprised if Gruesome is somehow miraculously not recalled.
“Police later said the case is being investigated by the department’s Special Investigations Division, the Los Angeles County district attorney’s public integrity unit and the U.S. Postal Service.”
Here comes the Jedi Knights!
NEW: Man Sentenced to 6 Years in Prison in Gretchen Whitmer FBI-Hatched Kidnapping Plot (Which Included 12 FBI Informants)
https://www.thegatewaypundit.com/2021/08/new-man-sentenced-6-years-prison-gretchen-whitmer-kidnapping-plot-included-12-fbi-informants/
The left makes a lot of hay out of the Whitmer thing & Jan 6th. Like dual Reichstag Fires providing them endless excuses for endless investigations, persecutions and draconian laws against the American people.
“During the sentencing hearing, Garbin apologized to Whitmer, who was not present.”
They are making all of these people they set up kneel and apologize be it this sting operation or the Jan. 6 set up.
Dozens of Capitol riot suspects apologize as consequences sink in
by: Associated Press
Posted: Mar 31, 2021 / 06:35 AM PDT /
https://ktla.com/news/nationworld/dozens-of-capitol-riot-suspects-apologize-as-consequences-sink-in/
Small business owner’s retirement plans ruined by Covid lockdown
https://www.news.com.au/finance/small-business/small-business-owners-retirement-plans-ruined-by-covid-lockdown/news-story/8197f960f727f677ee6830bd35494c29
A Sydney small business owner fears she will have to keep working into her 80s, as she watches her business crumble due to the city’s strict Covid lockdown now heading into its eighth week.
Olga Tamara, who turns 70 this year, has successfully run Authentic Pilates Studio in the inner west suburb of Lilyfield for the past two decades.
While I agree that the lock downs are economic (and other forms of) terrorism, I do wonder how much she could have sold her Pilates studio for when she decided to retire.
It’s the revenue stream, e.g., memberships, spandex clothing sales, weight loss milkshakes, etc., basically struggling when she should be retired.
weight loss milkshakes
Heh, there is no such thing as a weight-loss milkshake.
I’ve walked past a Pilates studio. Big row of boards and pulleys and straps, all lined up against the wall. It looked like the Spanish Inquisition.
I wasn’t expecting it.
(I’ll go now)
Some Californians aren’t bright enough to know there’s a recall election. Most would vote against the recall, if only they realized there were an election and were sufficiently motivated to vote.
https://www.nytimes.com/2021/08/25/us/california-recall-election-newsom.html
Biden to Campaign for Newsom Before California Recall Election
LOS ANGELES — Although he is mired in a political crisis about the withdrawal from Afghanistan, President Biden still plans to campaign for Gov. Gavin Newsom, who is facing a recall election in California, Mr. Biden’s press secretary said on Wednesday.
Let’s hope that “As it is written, so shall it be done” applies here.