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Don’t Be The Last One Off The Ship When It Springs A Leak

It’s Friday desk clearing time for this blogger. “‘I don’t see a crash in prices coming, but I do see that our prices could level out in the coming months,’ says Jena Turner, owner of Houston’s Found Realty. ‘I see that happening as inventory increases, and as buyer demand may slow down, honestly because of the fear of not being able to find something.’ The inventory increase is already happening, with the number of single-family homes under construction in the U.S. at a 14-year high.”

“Robert Rutley with Mott & Chace Sotheby’s International discussed where the real estate market is still hot in Rhode Island, where it might be cooling. ‘I have heard from some other agents in tertiary neighborhoods that right not be as hot [saying], ‘We’re not getting a ton of offers’ — and I think that’s happening because they were riding that wave of high prices — and instead of really comping out properties where they should be selling at, they’re listing them high in anticipation that this wave is going to continue,’ added. ‘You have to list your properties properly, otherwise they’re going to sit on the market.'”

“Home sales dropped in July by 26 percent compared to the previous July, according to the Utah Association of Realtors, and the buying process is calming down some. Andrew Wiggins is getting ready to put his house in Salt Lake City’s Liberty Wells neighborhood on the market. ‘I hope that we get a lot of interest,’ said Wiggins, while acknowledging the market isn’t as red-hot as it was earlier this year. ‘I’m not anticipating it being quite the same as if we were to sell it in June or July.'”

“Forty-nine percent of the 292 REALTORS® from across Kentucky expect greater price-cutting by sellers over the next twelve months. ‘The data point to a seller’s market that has run its course,’ explained Vidur Dhanda, author of the survey. ‘We are seeing an increase in new listings, and as inventory increases, homeowners will be further motivated to list their properties. As builders’ supply issues resolve, new construction will also pick up. Prices are bound to stabilize. Additionally, buyers are increasingly unable to bid up prices. The recent price growth is not sustainable.'”

“After four years on and off the market, Scottie Pippen has finally scored a buyer for his Chicago estate. The home received a pending offer on Tuesday for $2 million. The six-time NBA champion first listed the property in 2016 for $3 million. Pippen purchased the Highland Park home in 2004 for $2.23 million at the time.”

“Attom released a special report looking at condominium sales and prices in oceanfront counties around the U.S. Median condo prices decreased in seven of the 86 counties, let by Santa Rosa County, FL (east of Pensacola) (median down 22 percent); Onslow County (Jacksonville), NC (down 18 percent); Suffolk County (Boston), MA (down 11 percent); Juneau County, AK (down 10 percent) and Queens County, NY (down 8 percent).”

“A San Francisco real estate firm is the key bidder on about five dozen multifamily and commercial properties in Marin and Sonoma counties that are set to be sold next month to settle bankruptcies stemming from the late Ken Casey’s $330 million Ponzi scheme. An audit of Casey’s estate led to a U.S. Securities & Exchange Commission investigation. Creditors forced a Chapter 11 reorganization filing in July 2020, and the SEC filed criminal charges last September. Late last year, Lewis Wallach pleaded guilty over $26.7 million embezzled from PFI while he was CEO, the Journal reported. About 1,300 investors put $330 million into the Casey companies, federal prosecutors said.”

“After a boom in Hyderabad’s real estate sector over the last six years, the sharp increase in land and apartment prices have made them unaffordable for many people, leading to a slump in registration of plots and flats. Buyers are waiting for prices to cool off and many who were earlier keen on buying land and houses as a means of investment, are now wondering if the market’s getting a bit too unreal.”

“Compared to H1 of 2020, when the number of unsold housing units were 4,037, the figure has risen to a worrying 11,918 in H1 2021. Which brings forth the question: Is the real estate bubble set to burst in Hyderabad? CV Reddy, Director of Aparna Constructions and Estates, says the real estate sector has slowed down in the past few months across Hyderabad city. ‘Land rates have peaked and increase in registration charges has thrown a wet blanket over prospective buyers.'”

“Economists and property professionals are starting to question the sustainability of never ending Australian housing price rises. Louis Christopher, managing director of SQM Research, points out that property asking prices in Sydney have fallen for several weeks in a row. He also says there are signs banks’ lending criteria are tighter than last year, when they were happy to accept JobKeeper payments as a form of income. ‘I would think if Sydney were to stay in lockdown through to December, it would be bad news for the local economy and that would feed through to the housing market,’ said Christopher.”

“The market is continuing to play chicken with the RBA, essentially saying that while the Board remains concerned about the fiscal side of the economy, they will vacillate about reigning in bond purchases, never mind raising the reference interest rate. For investors the the game is the same; don’t be the last one off the ship when it springs a leak.”

“South Perth builder Jaxon Construction has collapsed, after a battle for financial survival – ceasing operations as liquidators were appointed. Four construction sites in WA will be affected – while subcontractors walked off UWA’s Forrest Hall site because they hadn’t been paid. ‘It’s just such a sad indictment of our industry at the moment – what we’ve seen over the last couple of years, Cooper & Oxley, then Pindan, now Jaxon, who’s going to be next?,’ asked CFMEU state secretary Mick Buchan.”

“Samantha Reece, director of WA Apartment Advocacy, told Perth LIVE the ripples will be felt throughout our community. ‘So we’ve added up the numbers and there’s about 600 apartment owners now, who won’t have that six-year statutory warranty that they would normally be guaranteed,’ she said. ‘I do feel for the subbies, but I also feel for the apartment owners, who in some instances, especially with these luxury developments, have paid over a million dollars and now if there are any defects, they have no recourse but to actually pay for them, themselves.'”

This Post Has 52 Comments
  1. ‘I hope that we get a lot of interest,’ said Wiggins, while acknowledging the market isn’t as red-hot as it was earlier this year. ‘I’m not anticipating it being quite the same as if we were to sell it in June or July’

    You stand yer ground Andy. Don’t give it away.

    ‘The data point to a seller’s market that has run its course…We are seeing an increase in new listings, and as inventory increases, homeowners will be further motivated to list their properties. As builders’ supply issues resolve, new construction will also pick up. Prices are bound to stabilize. Additionally, buyers are increasingly unable to bid up prices. The recent price growth is not sustainable’

    I almost never see articles on Kentucky shacks, and this is a press release. It’s basically a note to greedy sellers that those Bronco payments aren’t going to make themselves.

  2. Another bay aryan ponzi scheme. How many is that now?

    ‘five dozen multifamily and commercial properties in Marin and Sonoma counties that are set to be sold next month to settle bankruptcies stemming from the late Ken Casey’s $330 million Ponzi scheme’

    1. From the Wikipedia article on this guy:

      “Casey was one of Marin County’s longest-serving members of the Human Rights Commission, serving from 2015 until his death.”

      Another narcissistic “activist” scammer.

  3. ‘Santa Rosa County, FL (east of Pensacola) (median down 22 percent); Onslow County (Jacksonville), NC (down 18 percent); Suffolk County (Boston), MA (down 11 percent); Juneau County, AK (down 10 percent) and Queens County, NY (down 8 percent)’

    You don’t hear much out of Alaska, but Juneau is super bubbly. Lot’s of foreclosures there last decade.

  4. BREAKING NEWS: The human body has the ability to vaccinate itself! Who knew?

    Having SARS-CoV-2 once confers much greater immunity than a vaccine—but no infection parties, please | Science | AAAS
    https://www.sciencemag.org/news/2021/08/having-sars-cov-2-once-confers-much-greater-immunity-vaccine-no-infection-parties

    (snip)

    “The natural immune protection that develops after a SARS-CoV-2 infection offers considerably more of a shield against the Delta variant of the pandemic coronavirus than two doses of the Pfizer-BioNTech vaccine, according to a large Israeli study that some scientists wish came with a ‘Don’t try this at home’ label. The newly released data show people who once had a SARS-CoV-2 infection were much less likely than vaccinated people to get Delta, develop symptoms from it, or become hospitalized with serious COVID-19.”

    1. Not surprising. We knew that when the re-infection rate was so much lower than the breakthrough rate. Only problem is, many Bothans died in their quest for this superior immunity.

      Maybe this will convince authorities to accept proof of antibodies in lieu of a vaccine. But IMO it needs to be recent proof of antibodies, NOT a positive test, or nonsense like “I’m absolutely sure I had this wayyy back in January 2020.” Too many false positives.

      They’ll never allow it, of course. That’s practically a green light for infection parties where they give out horse paste as a party favor.

      1. oxide,
        Why do you endorse all this medical proof of medical status by individuals. You are endorsing some kind of Medical Tyranny that takes away treatment choice that’s oppressive and ridiculous in light of under 99% of the population not being under a lethal threat from this virus.
        The vaccine cure is proving to not be the solution as was predicted by Scientist/Doctors that were censored.
        The effective meds were the best solution, and still are the best solution, but they were fraudulently suppressed and censored.
        What is it about big Pharmacy tyranny and assault on freedom of choice that you like?
        Your normally a smart women , and I don’t understand exactly why you have been taken in by this obvious assault on humans by the Medical Cartel.

        1. I’ve answered this already — why do you post again?
          Why should I believe the word of ONE guy who has not specified which antibodies he tested for? Did he do the antibody neutraliztion titer test?

          1. Large-scale study of antibody titer decay following BNT162b2 mRNA vaccine or SARS-CoV-2 infection

            Results A total of 2,653 individuals fully vaccinated by two doses of vaccine during the study period and 4,361 convalescent patients were included. Higher SARS-CoV-2 IgG antibody titers were observed in vaccinated individuals (median 1581 AU/mL IQR [533.8-5644.6]) after the second vaccination, than in convalescent individuals (median 355.3 AU/mL IQR [141.2-998.7]; p<0.001). In vaccinated subjects, antibody titers decreased by up to 40% each subsequent month while in convalescents they decreased by less than 5% per month. Six months after BNT162b2 vaccination 16.1% subjects had antibody levels below the seropositivity threshold of <50 AU/mL, while only 10.8% of convalescent patients were below <50 AU/mL threshold after 9 months from SARS-CoV-2 infection.

      2. In the EU you can get a certificate for having been infected that often has the same usefulness as the certificate of vaccination. Some people do are not good candidates for vaccination, and this is considered to be roughly equivalent. The rules are not all that consistent throughout the EU, which still makes travel a bit uncertain if you rely on a survivor certificate.

        1. To quote the famous Biyatch of the US Dept of State,
          Victoria Nuland, “F@&k the EU!”
          Apologize to all for the profanity.

    2. News out of Japan that moderna contaminated with metal. Those videos online of magnets sticking to injection sites weren’t a hoax apparently.

      Funny, many of the bright colors of tattoo ink contain metals and when people get them removed they just get dispersed and end up in the blood stream where people get sick.

      Interesting to see what interaction they have with an MRI.

      Life is a lot simpler if you don’t get the jab.

      1. “News out of Japan that moderna contaminated with metal. ”

        Moderna’s reply, “no it’s not. Japanese people are contaminated…our vaccine is pristine as we know they don’t do damn thing to protect from the virus.:

  5. Today is Friday, August 27th and Joe Biden is not the legitimately elected president of the United States.

    DHS, SPLC, and other unelected Deep State goons and globalist parasites, know that we can not be silenced, because we are the leaderless resistance.

      1. The list of names grows longer every day. And this won’t be vigilante justice, there will be arrests, trials, convictions, and executions.

        “The media is the enemy of the American people” — DJT

  6. Gut check on the ubiquitous 1,350 sq ft starter homes in my neighborhood (Folsom CA), they are currently selling for around $640K. Common sense prices, no more than $425K, realistic at $375K, and good deal at $325K.

    Using the $425K number, this market needs to “correct” 34% before I even start thinking about it. The other percentages are 41% and 49%.

    Remember in California, peak to bottom was 59%, and that took 22 months to reach.

  7. Reposting from yesterday:

    We just get vax ads. No science, no autopsies. Dr Ryan Cole

    https://www.bitchute.com/video/jv08c8yRs2RO/

    26 minutes.

    Dr. McCullough had a death shot patient die recently and he requested an autopsy. The coroner refused.

    Just why would an autopsy be refuse? Too busy? And he mentions the therapeutic drugs “that can’t be named.” How can that be? Saying the name of drugs that have been around for decades is verboten? More young people die from the death injection than the CCP virus? We’re going to have to do something about this.

    1. “We’re going to have to do something about this.”

      Did you know that the Southern Poverty Law Center was never elected to govern anything?

      These people have no legitimate authority over anything. Globalists can go eat a bag of d*cks.

  8. Apparently, not all Pfizer vaccines are equal, and not all are approved for mandatory injection!

    Pfizer is therefore unlikely to allow any American to take a Comirnaty vaccine until it can somehow arrange immunity for this product. Here’s what you need to know when somebody orders you to get the vaccine: Ask to see the vial. If it says “Comirnaty,” it’s a licensed product. If it says “Pfizer-BioNTech,” it’s an experimental product, and under 21 U.S. Code 360bbb, you have the right to refuse. If it comes from Moderna or Johnson & Johnson (marketed as Janssen), you have the right to refuse. The FDA is playing bait and switch with the American public — but we don’t have to play along. If it doesn’t say Comirnaty, you have not been offered an approved vaccine.

  9. “‘I don’t see a crash in prices coming, but I do see that our prices could level out in the coming months,’ says Jena Turner, owner of Houston’s Found Realty”

    HaHa ! good ‘ol Jena T. too afraid to break from the herd & have an original thought for fear of ostracism.
    just like in high school where the huge cheerleading squad would all move as a pack when the leader decided where/what to do.

    like a school of fish. a flock of birds. seagulls even.

    Rush: “Subdivisions” song comes to mind

  10. Leading indicator for a crash: Realtors making statements in the press that there will be no crash

    “‘I don’t see a crash in prices coming, but I do see that our prices could level out in the coming months,’ says Jena Turner, owner of Houston’s Found Realty.”

  11. The Unlimited Quantitative Easing tsunami tide has inundated every corner of the global financial system.

    “After a boom in Hyderabad’s real estate sector over the last six years, the sharp increase in land and apartment prices have made them unaffordable for many people, leading to a slump in registration of plots and flats.”

    1. *As one housing economist joked, “Elvis sightings are more credible than anything realtors say.”

      I don’t care who ya are . . . that right there is dangummed funny

    1. “My favorite was “stick my jab in yer a$$.”

      I don’i know, I think I’m partial to…

      ‘we’re your fan club, you fuqing loser” 🙂

    2. LMFAO@ this video.

      I love Bitchute. Remember, YouTube is owned and controlled by globalist parasites, so let’s all stop giving clicks and revenue to those supporters of genocide. THE ONLY GOOD GLOBALIST IS A DEAD GLOBALIST 🙂

      1. “Yet they’re all wearing masks… ”

        Looks like the people doing the yelling are not wearing masks.

    3. Haha, hilarious. A woman, in a normal voice: “You can take my jab up your asz…take my jab in your asz, every one of them, every booster, they’re all yours, Justin.” LMFAO.

  12. Irish Doctor Suspended for Warning COVID Injections “Doing Real Harm”

    DAN LYMAN AUGUST 27, 2021

    Dr. McCloskey, who has gained international prominence for her staunch opposition to global medical tyranny, recently posted a video on social media in which she warned COVID injections “are doing real harm.”

    YouTube deleted the original video but copies have been uploaded to other platforms.

    Dr. McCloskey recounted treating “very many sick, distressed, traumatized people” during her most recent shifts, saying virtually all had received “two injections of an experimental genetic therapy.”

    She said most of her patients had accepted COVID jabs either due to professional advice – or after being “coerced, bribed, or bullied because of removal of their human rights and basic privileges, such as to travel or to meet with their friends and families.”

    McCloskey asserted that, while medical facilities in her region were seeing very little traffic at this time last year, this year is “very different.”

    Hospitals are now “jammed” with patients who are testing positive for COVID via PCR tests, despite receiving two doses of injections, she said.

    https://europe.infowars.com/irish-doctor-suspended-for-warning-covid-injections-doing-real-harm/

  13. The Germans used four methods to dehumanize the Jews.
    1- Prejudice-“You’re un-vaxxed no entry”
    2- Scapegoating-“Un-vaxxed are killing everyone”
    3- Discrimination- “Pay more for healthcare because you’re un-vaxxed”
    4- Persecution- “Get the shot or don’t eat”.

    Hard to believe Americans today are as bad as Germans in 1933. Yet they will all deny it. Every.Last.One.

  14. What a surprise! ( not)

    Obama Defense Secretary ALREADY Calling For Fresh Military Occupation Of Afghanistan – Summit News
    https://summit.news/2021/08/27/obama-defense-secretary-already-calling-for-fresh-military-occupation-of-afghanistan/

    “The chaos in Afghanistan created by the appalling organisation of withdrawing from the country by the Biden administration has already prompted globalists to begin fresh calls for a new US military occupation of the country, with Obama’s former Defense Secretary Leon Panetta declaring that US forces will have to return.

    “In an interview on CNN, Panetta, also a former CIA head, proclaimed “The bottom line is, our work is not done. We’re going to have to go after ISIS.

    “Following the suicide bombings Thursday that killed over 100 people, 13 of them US marines, Panetta said ‘We’re going to have to go back in to get ISIS. We’re probably going to have to go back in when Al Qaeda resurrects itself, as they will, with this Taliban. They’ve gave safe haven to Al Qaeda before, they’ll probably do it again.”

    “’We can’t leave the War on Terrorism, which still is a threat to our security,’ Panetta added.”

    This is what these Taliban and ISIS guy want, for us to go back into Afghanistan so they can bleed us. And we, a nation of dummies, will probably do just that.

    1. “Know thy enemy” – Sun Tzu

      Osama bin Laden knew his enemies well …

      “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.[85] 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”.[86]”

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

      1. Bin Laden: Goal is to bankrupt U.S.
        Al-Jazeera releases full transcript of al Qaeda leader’s tape
        Monday, November 1, 2004 Posted: 8:07 PM EST (0107 GMT)

        (CNN) — The Arabic-language network Al-Jazeera released a full transcript Monday of the most recent videotape from Osama bin Laden in which the head of al Qaeda said his group’s goal is to force America into bankruptcy.

        Al-Jazeera aired portions of the videotape Friday but released the full transcript of the entire tape on its Web site Monday.

        “We are continuing this policy in bleeding America to the point of bankruptcy. Allah willing, and nothing is too great for Allah,” bin Laden said in the transcript.

        He said the mujahedeen fighters did the same thing to the Soviet Union in Afghanistan in the 1980s, “using guerrilla warfare and the war of attrition to fight tyrannical superpowers.”

        “We, alongside the mujahedeen, bled Russia for 10 years until it went bankrupt and was forced to withdraw in defeat,” bin Laden said.

        He also said al Qaeda has found it “easy for us to provoke and bait this administration.”

        “All that we have to do is to send two mujahedeen to the furthest point east to raise a piece of cloth on which is written al Qaeda, in order to make generals race there to cause America to suffer human, economic and political losses without their achieving anything of note other than some benefits for their private corporations,” bin Laden said.

        Al-Jazeera executives said they decided to post the entire speech because rumors were circulating that the network omitted parts that “had direct threats toward specific states, which was totally untrue.”

        “We chose the most newsworthy parts of the address and aired them. The rest was used in lower thirds in graphics format,” said one official.

        U.S. intelligence officials Monday confirmed that the transcript made public Monday by Al-Jazeera was a complete one.

        As part of the “bleed-until-bankruptcy plan,” bin Laden cited a British estimate that it cost al Qaeda about $500,000 to carry out the attacks of September 11, 2001, an amount that he said paled in comparison with the costs incurred by the United States.

        “Every dollar of al Qaeda defeated a million dollars, by the permission of Allah, besides the loss of a huge number of jobs,” he said. “As for the economic deficit, it has reached record astronomical numbers estimated to total more than a trillion dollars.

        The total U.S. national debt is more than $7 trillion. The U.S. federal deficit was $413 billion in 2004, according to the Treasury Department.

        “It is true that this shows that al Qaeda has gained, but on the other hand it shows that the Bush administration has also gained, something that anyone who looks at the size of the contracts acquired by the shady Bush administration-linked mega-corporations, like Halliburton and its kind, will be convinced.

        “And it all shows that the real loser is you,” he said. “It is the American people and their economy.”

        As for President Bush’s Iraq policy, Bin Laden said, “the darkness of black gold blurred his vision and insight, and he gave priority to private interests over the public interests of America.

        “So the war went ahead, the death toll rose, the American economy bled, and Bush became embroiled in the swamps of Iraq that threaten his future,” bin Laden said.

        U.S. government officials said Friday that the tape appeared to be authentic and recently made. It was the first videotaped message from the al Qaeda leader in nearly three years.

        CNN.com – Bin Laden: Goal is to bankrupt U.S. – Nov 1, 2004
        https://web.archive.org/web/20160305091629/http://edition.cnn.com/2004/WORLD/meast/11/01/binladen.tape/index.html

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