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Sanity Is Returning And Competition Is Softening

A weekend topic starting with Fox Business. “St. Louis Federal Reserve President James Bullard agrees with Powell that it’s time to start reducing its $120 billion monthly purchases of Treasury and mortgage-backed securities. ‘At this point, I’m not sure these purchases are really doing anything helpful at this stage of the recovery, because we do have this incipient housing bubble here and we don’t want to be feeding into that,’ Bullard said.”

“Bullard confirmed that the Federal Reserve’s Federal Open Market Committee (FOMC) is currently developing a plan to deliver the change.”

From CNBC. “Investor Peter Boockvar is sounding the alarm on a housing price bubble brought on by the Federal Reserve’s Covid pandemic policies. He warns first-time homebuyers are most vulnerable to dramatic losses. ‘I feel bad for the people who bought homes over the past year because they’re the ones that paid the very elevated prices,’ the chief investment officer at Bleakley Advisory Group told CNBC. He suggests there’s evidence the air is leaking out of the bubble.”

“‘People are now seeing sticker shock in home prices and they’re backing off,’ added Boockvar. ‘Buyers are calling a time out. They said ‘I can’t afford this’ or ‘I want to wait to see home prices cool down.'”

From Cowboy State Daily. “The housing market has been on fire in Wyoming since the pandemic last year persuaded city-dwellers to look to this mostly rural state to escape the restrictions of urban life. But if one takes a look at real estate listings right now, there is a much wider selection than there was at this time just a few months ago — depending on where you’re looking. Lance Bower, a Cody real estate agent, said high-quality homes that are ready to move into are still difficult to find in towns that are close to picturesque, mountainous areas.”

“Bower’s observation holds true in Sheridan, where a search of home listings garners just one with a price between $200,000 and $500,000 — described as a ‘timeless home in a great location… settled on an 11,900 square foot lot with mature trees, alley access, a one car tuck-under garage.’ Built in 1959, it lists for $349,900.”

“But in the other corners of the state, there area a few more options. A search revealed 13 single-family homes between $200,000 and $500,000 in Evanston, where the highest-dollar option is a ‘spacious 6 bed/3.5 bath home on a quiet cul-de-sac. The kitchen, living, and dining rooms boast extra tall vaulted ceilings…’ for $495,000.”

“If you’re looking in a smaller town, your housing dollar goes a bit farther. In Buffalo, for example, there are 36 listings in the $200,000 – $500,000 price range. You can choose in town or in the country, on one acre or on 43; brand new or established. Take this house on a large lot, for just $250,000. There are literally dozens of homes for under $500,000 in the immediate Cheyenne area, including a seven-bedroom, two-bath home for $485,000… which indicates that the shortage of available homes for sale that has plagued the real estate industry since the pandemic began may be coming to a close — at least, in some parts of the state.”

“‘It continues to be a seller’s market, you know, under $500,000,’ Bower reports.”

From Go Local Providence in Rhode Island. “‘There’s a large demographic of people looking for quality houses in neighborhoods where they can afford, and I think that is still very valuable to people — and over on the East Side, we’re missing out on that entry level home because people are over-bidding and there’s no more housing in the $300,000 or $400,000 — if there are, they’re very rare,’ said Robert Rutley with Mott & Chace Sotheby’s International.”

From Money. “Whatever you decide to do, experts say you should make your move fast. Recent data shows for-sale inventory is rising (at least slightly), and when you throw in slowing demand from burned-out buyers, it seems the red-hot market may soon be cooling off. ‘We are seeing people accelerate their plans to take advantage of the market,’ says Rick Ruvin, a partner at Falk Ruvin Gallagher Real Estate in Whitefish Bay, Wisconsin. ‘In many markets, sanity is returning, and the level of competition is softening. Prices tend to rise, plateau and then fall. Many are sensing we are headed into a plateau phase.'”

The Marina Times in California. “The national housing market appears to be slowing down, according to Michelle Robertson, reporting for SFGate. She quotes Daryl Fairweather, the chief economist at Redfin, who said, ‘We’re going from 100 mph to 80 mph. What’s happening right now is a lot of buyers seem to be backing off the market because of how high housing prices have gotten. We’re seeing lower sales and a slight uptick in price drops.'”

“That’s not entirely the case in San Francisco, according to Eileen Mougeot, senior broker associate with Corcoran Global Living in the city. ‘Things aren’t as crazy as they were, but we’re still seeing multiple offers on homes for sale way over the asking price, just not way, way over the asking price,’ said Mougeot. ‘We hear all the time about how everybody’s leaving San Francisco, but if that’s the case, why are we still getting multiple offers? There are always going to be people who want to live in the city.'”

The San Francisco Business Times. “The pace of California companies moving their headquarters out of state is quickening, according to a new report. ‘The departures are accelerating as more relocation plans move to implementation,’ according to the report. In the first half of 2021, 74 companies moved their headquarters out of California, for a monthly average of 12.3. In all of 2020, 62 companies took their headquarters out of the Golden State for a monthly average of 5.2, while 78, or a monthly average of 6.5, did so in 2019.”

“In 2018, 58 companies moved their headquarters out of California, or a monthly average of 4.8, according to the report titled, ‘Why company headquarters are leaving California in unprecedented numbers.’ That means California lost a total of 272 headquarters between Jan. 1, 2018, and June 30, 2021, the report found, based on press releases, media reports and other disclosures that a company’s headquarters has left California. The figures may understate the actual departures since small businesses leaving the state often go unnoticed.”

“The report’s authors cite familiar reasons for the headquarters leaving California: taxes, regulations and high costs tied to labor, litigation, energy and utility costs. Other factors coming into play are so-called quality of life issues such as housing affordability and homelessness. California Gov. Gavin Newsom has been increasingly vocal about the need to combat the departures.”

“‘We need to step up our game — time to be more damn competitive,’ Newsom said at the Bay Area Council’s virtual 2021 Pacific Summer in June. However, when Newsom spoke at the same event in 2019, he was dismissive of Texas and Tennessee’s high rankings on CEO Magazine and other rankings of best places to do business. California often languishes low on those lists despite the state’s strong economic growth and innovation. Still, anecdotal evidence also suggests the pace of departures is accelerating.”

The Los Angeles Times. “Joey Myers, 41, who runs a digital marketing firm, and the others agreed to meet this week outside a high-end coffee shop in Fresno to talk about their support for Newsom’s ouster more than a year before his term is due to end. The group summed up the state of the state with a series of lamentations: ‘Disaster.’ ‘Chaos.’ ‘Disappointing.’ ‘Heading toward Afghanistan.'”

“Myers repeated a line — ‘jewel to poop’ — he’d earlier used to sum up San Francisco, the hometown of both Pelosi and former Mayor Newsom. Myers loved visiting the city with his wife and kids until it became, in his estimation, a slough of vagrancy, drug abuse and criminality. California, he suggested, has followed the same trajectory under Newsom as governor.”

The Orange County Register. “California’s pandemic-era homebuying binge slashed affordability to levels last seen in 2007 when folks were grossly overpaying for residences. By CAR’s math, just 23% of California households in the second quarter could theoretically qualify to buy California’s $819,630 median-priced home. That’s down from 27% in winter and 35% in 2020’s first quarter.The last time this benchmark was lower was in 2007’s fourth quarter when it hit 18%, just after bottoming out at 11% the previous two quarters. If you’ve forgotten, this was just as that housing market’s bubble was crashing into the Great Recession.”

“Forget the index for a moment. Let’s look at house payments for new owners. The pandemic’s buying frenzy wiped out any help low mortgage rates gave buyers, according to California Realtor quarterly stats. Nationally, affordability was 50% in the spring, down from 54% in winter and 59% in 2020’s first quarter. It’s the lowest since the end of 2010.”

“On a scale of zero bubbles (no bubble here) to five bubbles (five-alarm warning) … SIX BUBBLES! A healthy market requires an ample supply of potential buyers who can purchase a residence without bankrupting themselves. If too many potential buyers can no longer afford to buy — and we may be nearing that situation — we likely will see marketplace changes that include heightened risk-taking: Wannabe owners stretching their wallets even further; more generous lending; and/or investors stepping into the buying void.”

“Or is it ‘different’ this time?”

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This Post Has 95 Comments

  1. ‘the Federal Reserve’s Federal Open Market Committee (FOMC) is currently developing a plan to deliver the change’

    Shack gamblers are gonna get it broke off in their a$$. Happens over and over.

    ‘It continues to be a seller’s market, you know, under $500,000’

    When I saw the photos I thought, “he can’t mean this shack is that much?” The guberment/central bank really screwed the pooch this time.

  2. ‘People are now seeing sticker shock in home prices and they’re backing off…Buyers are calling a time out. They said ‘I can’t afford this’ or ‘I want to wait to see home prices cool down’

    I’ve made this point a couple million times. We go from a “phase” where higher prices are validation for speculators. You gotta roll with it, etc. Eventually we run out of those people and supply/demand actually kicks in where higher prices lower demand.

  3. ‘In many markets, sanity is returning, and the level of competition is softening. Prices tend to rise, plateau and then fall. Many are sensing we are headed into a plateau phase’

    I’ve never been to Whitefish Bay, and I hope I never have to. I’ve driven through Wyoming, spent the night there. It’s a sh$t hole, like Whitefish Bay probably is. My point is there is no “story” that is going to develop for these places. For prices to go up as they are reported, it’s going to crash and I suspect the great resetters did this on purpose.

  5. Are there any predictions out there for how many more years the Fed’s planning exercise is likely to continue before they finally wind down Unlimited Quantitative Easing?

    “Bullard confirmed that the Federal Reserve’s Federal Open Market Committee (FOMC) is currently developing a plan to deliver the change.”

      1. They are very fond of playing the game of Lucy pulling the football away from Charlie Brown, just as he becomes convinced she is going to hold it in place for him to kick it. In the Fed’s version, they talk up the tapering of Quantitative Easing for months on end, only to back away from plans, triggering a massive relief rally on Wall Street. It happens over and over again, and investors are willingly fooled every time.

  6. Just took my first spin around the local listing on reator.com in 6 – 8 months and I have this to say.

    Iceberg right ahead!

    Things have reached a new level of stupid in my little part of Region IV.

    The house I rented from late 2005 – 2010 is about to change hands for what I believe is the third time since. It’s the house where I became UNKNOWN TENNANT for the first time after it had been purchased by the offending owner/DBLL in 2003 for $260k and refied up to $360k before he collected several years of $1,700 a month rent without making any mortgage payments. It was then then short sold for $160k in 2010.

    Well that shack (and I do mean shack) has just gone Contingent after 14 days on Realwhore.com (albeit with what looks to be about $20k worth of lipstick) for $499,000

    1. The Housing Hens are clucking…. The Debt Donkeys are braying….. and Chef Jonesy is whippin up banquet sized quantities of Crow, CraterTaters and Rate Raisins. 🤣🤣🤣

      Dedham, MA Housing Prices Crater 22% YOY As Boston Housing Market Circles The Bowl

      https://www.movoto.com/dedham-ma/market-trends/

      As a distinguished economist stated so eloquently, “A short lived speculative moonshot in housing and commodities doesn’t establish a new asset baseline.”

      1. Ha! I sold my house in Dedham, MA in July of 2004 – felt thrilled to get out of that market alive. Tracking the news on this site did a lot to prepare me for a successful escape from that situation. They guy who bought it from me had to hold it for ten years before breaking even on it, probably a loss after inflation.

        Dedham is the last to rise, and first to fall, of its neighboring town in Norfolk county.

        1. We similarly sold our SF Bay Area condo in late 2004. Couldn’t believe there were buyers willing to pay 3X what we purchased it for a few years earlier, but there were. It wasn’t long after we sold that the cratering began.

  7. ‘We messed this up’: Marine Lt. Colonel is relieved of duties after posting furious video slamming ‘seniors leaders’ at the Pentagon who ‘let down’ the 13 US troops killed in Kabul suicide bombing

    https://www.dailymail.co.uk/news/article-9934425/Marine-commander-relieved-duties-saying-senior-leaders-need-admit-messed-up.html

    An active duty Marine Corps lieutenant colonel was relieved of his duties Friday after publicly demanding leadership take accountability for the deadly disaster in Afghanistan.

    Lt. Col Stuart Scheller called out Secretary of Defense Lloyd Austin, Chairman of the Joint Chiefs of Staff Gen. Mark Milley and others for not ‘raising their hands and accepting accountability or saying, “We messed this up.”‘

  8. “St. Louis Federal Reserve President James Bullard agrees with Powell that it’s time to start reducing its $120 billion monthly purchases of Treasury and mortgage-backed securities.

    “I’m tapering my Ponzi scheme effective immediately,” said no Ponzi schemer ever.

  9. ‘I feel bad for the people who bought homes over the past year because they’re the ones that paid the very elevated prices,’

    Cry me a river of crocodile tears.

    Nobody forced home buyers to waive inspections or outbid their bidding war rivals by $100,000s. The greatest fools in the history of real estate ownership made their own beds, and now can enjoy the privilege of sleeping in them.

  10. She quotes Daryl Fairweather, the chief economist at Redfin, who said, ‘We’re going from 100 mph to 80 mph.

    Real Journalists always quote REIC shills who use lame analogies to spin what’s really happening in the housing market.

  11. There are always going to be people who want to live in the city.’”

    Homeless junkies & predatory vibrants?

  12. ‘In many markets, sanity is returning, and the level of competition is softening. Prices tend to rise, plateau and then fall. Many are sensing we are headed into a plateau phase.’

    What are all those smart corporate buyers who have been snapping up single family homes at pandemic premium prices going to do with their HODLings if the permanently high plateau morphs into a crater event?

    Here’s to hoping that no bailout monies appear in the event they get wiped out.

  13. “‘We need to step up our game — time to be more damn competitive,’ Newsom said at the Bay Area Council’s virtual 2021 Pacific Summer in June.

    These Democrat-Bolshevik comrades of proven worth are incapable of curbing the exodus of the productive from their malgoverned states for one simple reason: they embrace a collectivist ideology that can only succeed by reaching a tipping point where the takers outnumber and outvote the makers. Forward, Soviet!

    1. ‘virtual’

      It’s hard to compete under a urine soaked mattress Gav. BTW, it’s not too late for the death shotters to put the HBB in yer wills! Don’t wait. Is yer heartbeat up, trouble breathing? Try to look for a silver lining like fewer guberment lovers and boot lickers.

  14. Today is Saturday, August 28th and Joe Biden is not the legitimately elected president of the United States.

    The 2020 election was stolen.

  15. An interesting read …

    “Eurozone finances have deteriorated
    By Alasdair MacleodGoldmoney Staff August 26, 2021”

    (a snip)

    “Despite negative interest rates and money printing by the European Central Bank, which conveniently allowed all Eurozone member governments to fund themselves, having gone nowhere Eurozone nominal GDP is even lower than it was before the Lehman crisis.

    “Then there is the question of bad debts, which have been mostly shovelled into the TARGET2 settlement system: otherwise, we would have seen some substantial bank failures by now.

    “The Eurozone’s largest banks are over-leveraged, and their share prices question their survival. Furthermore, these banks will have to contract their balance sheets to comply with the new Basel 4 regulations covering risk weighted assets, due to be introduced in January 2023.

    “And lastly, we should consider the political and economic consequences of a collapse of the Eurosystem. It is likely to be triggered by US dollar interest rates rising, causing a global bear market in financial assets. The financial position of highly indebted Eurozone members will become rapidly untenable and the very existence of the euro, the glue that holds it all together, will be threatened.”

    https://www.goldmoney.com/research/goldmoney-insights/eurozone-finances-have-deteriorated

  16. News
    Gavin Newsom Recall
    Lawsuit hoping to stop Gavin Newsom recall election fails
    Eric Ting, SFGATE
    Updated: Aug. 27, 2021 2:46 p.m.
    A sign against the recall is posted behind California Gov. Gavin Newsom as he talks with volunteers who are phone banking against the recall at Manny’s on August 13, 2021 in San Francisco, California.

    A lawsuit that sought to stop the Gavin Newsom recall election in California was dismissed by a federal judge on Friday.

    The suit, filed by voters R.J. Beaber and A.W. Clark, alleged that the recall election is unconstitutional because it denies pro-Newsom voters equal protection of the law guaranteed by the Fourteenth Amendment. This argument was made by Berkeley Law School Dean Erwin Chemerinsky, who wrote in a New York Times op-ed that because Newsom “can receive far more votes than any other candidate but still be removed from office,” it violates a “core constitutional principle that has been followed for over 60 years: Every voter should have an equal ability to influence the outcome of the election.”

    In the recall election, voters will vote on two separate questions: 1. Shall Gavin Newsom be recalled? 2. Which candidate should succeed Newsom if he is recalled? The California Democratic Party is telling its voters to leave question two blank, and the lawsuit stated that the recall process “gives to voters who vote to recall the Governor two votes — one to remove him and one to select a successor, but limits to only one vote the franchise of those who vote to retain him and that he not be recalled, so that a person who votes for recall has twice as many votes as a person who votes against recall.”
    …

    1. It’s awesome that only a simple majority of recall votes is needed to oust Newsom. Not to suggest that people I know personally are representative of how California will vote, but those who dislike Newsom are VERY motivated, and didn’t hesitate for a heartbeat to cast their ballots.

      By contrast, the weed-addled stoners who might vote for Newsom in a regular election may be unaware that the recall is even happening.

    2. The supreme court has had their fill of Progressive ideology too:
      – Immigrants have to remain south of the border.
      – Biden’s renter moratorium shot down.

    3. “ Every voter should have an equal ability to influence the outcome of the election.”

      Have you told that to the stand down prosecutors in Georgia about Ruby Freeman who stole tens of thousands maybe hundreds of thousands of votes in her voter suppression scam?

  17. Heckova job, neocons.

    Why the only winner of America’s war in Afghanistan is opium

    https://nypost.com/2021/08/28/why-the-only-winner-of-americas-war-in-afghanistan-is-opium/

    It was 2005, four years after America and its allies had ousted the Taliban from Afghanistan.

    Maj. Charles Abeyawardena, a strategic planning officer, was there to document the training efforts that the Pentagon believed would transform the ragtag Afghan National Army (ANA) into a professional fighting force strong enough to fend off any future threats.

    But when Abeyawardena asked Afghan soldiers whether they planned to continue serving their nation once the Americans left, “Almost everyone I talked to said ‘No,’ ” he told an Army historian.

    “They were going to go back and grow opium or marijuana or something like that,” he recalled. “That threw me for a complete loop.”

    1. “Instead of destroying the poppy fields, Holbrooke sent squadrons of agriculture experts into Afghanistan to teach local farmers how to raise alternative crops like saffron, wheat, soybeans and pomegranates. The new administration spent millions to extend Helmand’s irrigation canals and to subsidize farmers willing to cultivate American seeds in place of their usual poppies.

      “But the subsidies backfired just as the previous payoffs had: Farmers would take the cash, plant a field of wheat for show, and sow a poppy field elsewhere. The push for pomegranates faltered when it dawned on planners …”

      Bahahahaha … when it dawned on planners …

      “… that the fragile fruit must be refrigerated during shipment — impossible in a country with spotty electrical supplies.”

      The Unites States has become the Land Of The Stupid.

  18. I bet the open border jab pushing Leftists who tell Joe Biden which reporter to call on are praying for a direct hit on New Orleans by a Cat 5 storm to get their decision making off the front page and the 24 hour news cycle.

      1. As she mentally calculates which on-the-make senior network executives are most promising for the sexual harassment lawsuit payout once the bloom is off the rose.

  20. Xenos
    August 27, 2021 at 12:57 pm

    “This has become an antivax board? yikes.

    Darwin awards for all, yay!”

    Remember, the CCP Flu didn’t destroy the economy. Government destroyed the economy.

    Westword — Survey Shows First-Time Homelessness Has Doubled in Metro Denver (8/26/2021):

    “”In 2020 there were 1,273 people in shelter that were experiencing homelessness for the first time. This year, that number doubled to 2,530, demonstrating the devastating effects of COVID-19 on the stability of our neighbors,” Matt Meyer, executive director of the Metro Denver Homeless Initiative, says in a statement accompanying the August 25 release of some survey results.

    https://www.westword.com/news/homeless-denver-shelter-point-in-time-count-12197564

    It’s “demonstrating the devastating effects of government,” Matt.

    2. Covid could have killed me – I was lucky enough to get it a year after the pandemic started, so some relatively simple interventions over the course of a week in the hospital kept it from spinning out of control. Unlucky in that I was able to get the Comirnaty shots a few weeks later. My center-left EU-based government did a mediocre job of managing the crisis, but pretty much every government was a shitshow dealing with things, which is par for the course. I had a close view of the Germans, however, and they had their ducks in a row from the very beginning. Still, not volunteering to live in Germany!

      Go ahead and blame ‘the government’ if it makes you feel better. I am all for being skeptical of the PTB in all spheres, public and private, but when it is reflexive and unthinking dogma it is just as stupid as unthinking reliance on on the boob tube and established elite authorities.

      1. So you’re a land whale, you want a prize? Covid is nothing to healthy people, time to get a life maybe.

      2. I was able to get the Comirnaty shots a few weeks later

        No benefit, just risk. Natural immunity is better. Plenty of papers coming out now saying what we’ve always known.

        1. Saw a covid snippet on the evening news, which depicted a medical “cherry picker” similar to an engine hoist lowering a morbidly obese patient onto an adjustable bed. The American dream, LOL!!

    1. “… the Naval Intelligence Chief of staff, Captain Scott Chesbrough, gave current and former members of the Navy a reminder to follow the uniform code that prohibits them from disrespecting senior government leadership …”

      They are not disrespecting them, they are telling the truth about them.

      1. Odd, I don’t recall any similar guidance being put out by the top brass during the Trump administration.

      2. Amendment 1 of the U.S. Constitution:

        “Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.”

        U.S. armed forces Oath of Enlistment:

        “I, _____, do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; and that I will obey the orders of the President of the United States and the orders of the officers appointed over me, according to regulations and the Uniform Code of Military Justice. So help me God.” (Title 10, US Code; Act of 5 May 1960 replacing the wording first adopted in 1789, with amendment effective 5 October 1962).”

        It used to be these two things were compatable, then something happened.

        1. Apparently the expectations are that one should join the military to support and defend the Constitution of the United States (and lay one’s life down if necessary) but not fully enjoy the benifits this same Constitution provides.

      3. The UCMJ code quoted doesn’t say anything about enlisted service members using “contemptuous words,” and it doesn’t apply to military retirees at all. This is just more overreach and attempt to tamp down Constitutionally protected free speech directed at the bungling incompetents who brought us this debacle.

        10 U.S. Code § 888 – Art. 88. Contempt toward officials

        Any commissioned officer who uses contemptuous words against the President, the Vice President, Congress, the Secretary of Defense, the Secretary of a military department, the Secretary of Homeland Security, or the Governor or legislature of any State, Commonwealth, or possession in which he is on duty or present shall be punished as a court-martial may direct.

      4. Serious question — how does this affect retired service members? IUUC, active duty are pretty restricted in what they do and say, but what can they do to the retired folks? Take away their pension?

  25. For any small landlord who pulled the D lever in any recent election, there is poetic justice in seeing them forced to involuntarily put their party’s collectivist principles into action.

    ‘The Squad’ pleads with Pelosi and Schumer to act to combat evictions after Supreme Court blocks Biden’s moratorium, arguing new ruling will bring more COVID deaths

    https://www.dailymail.co.uk/news/article-9934057/The-Squad-pleads-Pelosi-Schumer-act-combat-evictions.html

    Several progressive lawmakers wrote to leaders Nancy Pelosi and Chuck Schumer on Friday to plead with them to act with the ‘highest levels of urgency’ to combat evictions after the Supreme Court blocked President Joe Biden’s moratorium.

    The lawmakers asked the leaders to work to revive the national eviction moratorium after the Supreme Court ruled congressional action is needed.

  26. “There’s never been a better time to buy a house in the Louisiana, Alabama and Mississippi coastal areas.” — Every NAR UHS in the path of Hurricane Ida.

    941,392 Homes at Risk from Hurricane Ida Storm Surge

    https://www.corelogic.com/intelligence/941392-homes-at-risk-from-hurricane-ida-storm-surge/

    CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released data analysis for single-family and multifamily homes at risk of storm surge damage from Hurricane Ida, which is expected to be a major landfalling hurricane on Sunday evening, August 29, with a projected Category 4 status. The central Louisiana coast is at risk of bearing the brunt of Hurricane Ida’s extreme storm surge potential, with a total of 941,392 homes in the Louisiana, Alabama and Mississippi coastal areas exposed to storm surge damage. These homes have a combined reconstruction cost value (RCV) of approximately $220.37 billion.

  27. The SPLC and other globalist-funded “civil rights groups” are mobilizing all their resources to tackle the huge upsurge of unprovoked racial attacks in Democrat-Bolshevik malgoverned urban areas.

    Oh, wait…non-Narrative Compliant attacks don’t count and will be consigned to the memory hole.

    Arrest made in hateful attack on Asian woman in NYC

    https://nypost.com/2021/08/28/nypd-arrest-yvonne-yehudah-for-anti-asian-attack-against-woman/

    A Brooklyn woman was arrested Friday for a vile attack in which she allegedly told an Asian woman to “speak English”before pulling her hair and spitting on her in Manhattan last month, police said.

    Yvonne Yehudah, 31, was charged with aggravated harassment for the hateful July 25 incident on the Upper West Side, cops said.

    1. There were mothers with children calling our prime minister “a f***ing asshole”. Come on people, we can do better than that.’

      Seriously. Calling globalist Quislings “f**king asshole” is far too mild.

    3. ‘Everyone has a right to their opinion. But’

      ‘Everyone has right X, but, but, but’

      ‘but’ is short for ‘but those who disagree with us’

  30. Oh dear…are Canadian cucks finally growing a pair?

    Furious crowd forces Justin Trudeau to cancel campaign event: ‘Need freedom’

    https://www.foxnews.com/world/trudeau-campaign-event-canceled-protesters-coronavirus

    A campaign event for Canadian Prime Minister Justin Trudeau was canceled over safety concerns after angry coronavirus protesters rallied against the liberal leader.

    “I need freedom,” read one sign held by a protester in Bolton, Ontario, on Friday. While others repeatedly screamed, “F*** Trudeau!,” and people were seen waving their middle fingers at the prime minister.

  31. Maybe if Real Journalists would report the news honestly and accurately, there wouldn’t be as much hostility directed against them by people fed up with globalist media lies and propaganda.

    Reporter punched in face while covering anti-mask event

    https://apnews.com/article/health-coronavirus-pandemic-6674fab5712fc37808a9fb08386fd8d9

    TRAVERSE CITY, Mich. (AP) — A newspaper reporter said he was punched in the face while covering an anti-mask event near Traverse City. The Grand Traverse County sheriff’s office is investigating.

    “I know the concern you have,” Sheriff Tom Bensley told the Traverse City Record-Eagle. “There are some people out there that are not happy with the news outlets. We’ve had two incidents in a short period of time.”

    1. More on this from the TC Record-Eagle:

      Record-Eagle education Reporter Brendan Quealy said tension developed between the groups and local school officials when Traverse City Area Public Schools trustees voted to require universal masking for all K-12 students and staff through Sept. 27 — a reversal of an Aug. 9 decision by the superintendent and the board which strongly recommended masking but made wearing a face covering optional.

      Quealy said he was told of the Garfield Township event by a source and wore a mask while covering it.

      Quealy said he arrived at 6:15 p.m. and began recording audio of the event with his cellphone. He estimated between 80 and 100 people gathered at one of three pavilions inside the park. On the recording one of the organizers, Heather Cerone, who says she is with Citizens Liberating Michigan, introduces herself, mentions the Record-Eagle and states she is not authorizing video or audio recording of the event.

      “There’s no reporting, Brendan,” Cerone can be heard saying. “We don’t authorize that. So, you guys feel like standing in front of him? Because we’re on private property here because we have that rented. That would be great.”

      Quealy said he called authorities after the confrontation and dispatchers sent a sheriff’s sergeant to the scene.

      He said he told the investigator he was approached by two men who told him to leave, pushed him and then one of the men shoved Quealy into a wooden fence and punched him in the face with both fists.

      On the recording, which was shared with law enforcement, two voices yell, “Put the phone down,” and “Get out of here,” then a scuffle can be heard before others intervene, saying, “No fighting,” and “There is no violence. No violence.”

      Sheriff Bensley declined to share details of the report of the attack, though confirmed law enforcement was called for a report of a possible assault and regarding the presence, at the event, of a news reporter.

      “He was there, they didn’t want him there, we’re investigating,” Bensley said.

      1. Michiganders can get pretty nasty when someone expresses an opinion contrary to their own cherished ones.

      1. You never see Dr. Rachael Levine & Chelsea Clinton in the same room. Just puttin’ that out there.

  33. BOHICA ALERT! Grab your ankles …

    Leon Panetta says US troops will need to go back to Afghanistan

    Former Defense Secretary Leon Panetta says US troops will need to go back into combat in Afghanistan — as the region remains on high alert for more suicide attacks, with the death toll from Thursday’s atrocity soaring over 180, including 13 US service members.

    “We’re going to have to go back in to get ISIS,” Panetta told CNN, calling Thursday’s twin suicide blasts by the reinvigorated terrorist group “Joe Biden’s worst nightmare.”

    “We’re probably going to have to go back in when al Qaeda resurrects itself, as they will, with this Taliban,” he predicted.

    “They gave safe haven to al Qaeda before, they’ll probably do it again,” predicted Panetta, who was the director of the CIA and oversaw the US operation that killed the terror group’s leader, Osama bin Laden.

    “I understand that we’re trying to get our troops out of there, but the bottom line is, we can leave a battlefield, but we can’t leave the war on terrorism, which still is a threat to our security,” he told CNN.

    https://nypost.com/2021/08/27/leon-panetta-says-us-troops-will-need-to-go-back-to-afghanistan/

    Mr. Banker says: Going back to Afghanistan is EXACTLY what the bad guys want us to do. This is THEIR game and we are fools if we choose to play it.

  36. This isn’t even creeping tyranny anymore.

    Mother claims Chicago judge stripped her of custody of her son because she will not get COVID vaccine

    https://www.dailymail.co.uk/news/article-9935775/Chicago-mother-files-appeal-judge-stripped-custody-son-gets-vaccinated.html

    A Chicago mother is filing an appeal after a judge stripped her custody rights of her son after finding out she was not vaccinated.

    Rebecca Firlit told FOX 32 that Cook County Judge James Shapiro blindsided her when he stripped her of custody of her 11-year-old son during a child support hearing because she has not gotten her COVID-19 vaccination shot.

  37. Acceptable Reasons for Vaccine Hesitance w/ 50 Published Medical Journal Sources [all credit to covinfo1999]

    The current Covid19 vaccines have several problems. I would say that there are 9 main areas of interest:

    1) the spike protein appears to be cytotoxic.
    2) the emergence of immune escape variants.
    3) the potential for antibody dependent enhancement.
    4) the potential for autoimmune disorders.
    5) the narrow design focus of the vaccines.
    6) the fact that alternative treatments are available to both prevent and treat covid.
    7) they are trying to jab everyone, even people who have recovered from covid and do not need the jab.
    8) there are a growing number of severe reactions to the vaccines but this fact gets very little coverage in the press and sometimes it even gets outright censorship.
    9) the potential for long term unknown side effects and the potential impact of this on national security.

    I will present a brief overview of each issue and then provide scientific data below for support (except for 9. which is more a discussion based on a logical assessment of future risk).

      1. While I agree, genetic juicers fail to realize that there are plenty of valid concerns. I also thought some people might find the references helpful battling an employer.

    1. Well Hello, My Good Friend. Happen to live in 89509. Kommiefornia locusts are overrunning the place, and sending prices to the moon!

  39. ‘At this point, I’m not sure these purchases are really doing anything helpful at this stage of the recovery, because we do have this incipient housing bubble here and we don’t want to be feeding into that,’ Bullard said.”

    Gee, you don’t fawkin’ say! This asz clown needs to be publicly flogged, urinated on, then sent to prison with the rest of these banker scvm.

  40. Gold Star mother of US marine killed in Kabul attack blasts Biden as ‘dementia-ridden piece of crap,’ blames his supporters

    https://www.rt.com/usa/533356-mother-marine-biden-dementia/

    “That feckless, dementia-ridden piece of crap just sent my son to die,” McCollum said. She then blamed Biden’s supporters for her loss, saying, “So my son is gone, and I just want all you Democrats who cheated in the election or who voted for him legitimately, you just killed my son with a dementia-ridden piece of crap who doesn’t even know he’s in the White House. He still thinks he’s a senator.”

  43. ‘This Has Gotta Stop’: Rock Legend Eric Clapton Releases New Song Slamming Mandatory COVID Injections

    by Jamie White
    August 28th 2021, 12:49 pm

    British rock icon Eric Clapton released a new single slamming mandatory COVID injections called “This Has Gotta Stop.”

    Clapton has been a vocal critic of the lockdowns and vaccine mandates, having explained in a June interview how the COVID jab nearly ended his music career.

    In the song, Clapton describes his frightening experience of taking the AstraZeneca jab earlier this year, where the injection left his hands temporarily paralyzed after the second shot.

    The music video shows images of people turned into puppets or staring blankly at their phones, with others holding signs that say “Liberty” and “Enough Is Enough.”

    This comes a month after Clapton announced he wouldn’t play at any venues where vaccine passports are required.

    “I wish to say that I will not perform on any stage where there is a discriminated audience present. Unless there is provision made for all people to attend, I reserve the right to cancel the show.”

    Eric Clapton – This Has Gotta Stop (Official Music Video)

    553,781 views
    Premiered Aug 27, 2021

    https://youtu.be/dNt4NIQ7FTA

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    ‘Arbitrary and cruel’: Democrats excoriate Supreme Court decision on eviction moratorium
    Six justices sided with a group representing landlords, who had argued that the CDC had no authority to impose such a restriction on its own.
    Speaker Pelosi Speaks To The Media In Weekly Press Conference
    Speaker of the House Nancy Pelosi holds her weekly press conference at the U.S. Capitol on Aug. 25, 2021.Kevin Dietsch / Getty Images
    Aug. 27, 2021, 2:12 PM PDT
    By Dartunorro Clark

    Democratic lawmakerson Friday denounced the Supreme Court’s decision that blocked the Centers for Disease Control and Prevention from allowing renters to stay in their homes during the coronavirus pandemic.

    House Speaker Nancy Pelosi, D-Calif., called the decision “arbitrary and cruel” in a statement Friday.

    “The Court’s decision to block the new CDC eviction moratorium is immoral, putting families at risk of being put on the streets, and it is a serious public health threat, as the delta variant continues,” she said.

    https://www.nbcnews.com/politics/politics-news/arbitrary-cruel-democrats-excoriate-supreme-court-decision-eviction-moratorium-n1277827

    2. They are making this stuff up as they go along.

      It’s a deliberate misinterpreting of long standing law, and acting upon it as if its the law. The damage from the twisting of law is intense ,putting people in the position of lawsuits to confirm the law .
      This is why the enemy is always operating on a time span to achieve goals before Judicial review takes place.
      Biden having this unholy alliance with Private Party Monopolies in enforcing vaccine Mandates, firings, and punishment of the non compliant has got to be against laws, but apply the Mandates before the High Court gets to review it.
      So than Nancy Pelosi acts like. Its a outrageous High Court decision, when they were breaking the law all along with the eviction restrictions.

      Its just like putting junk drugs or Vaccines on the market taking advantage of no liability by EUA, or the outright fraud of suppression of cheap drugs that worked. The cheap drugs that worked had already passed the safety tests and were FDA approved drugs for decades, verses experimental vaccines.
      One Dr was ranting about how the Fauci pushed med was killing people in droves because it shut down the kidneys and was responsible for a lot of the Hospital Covid deaths.
      And the fake and censored news keeps pushing this disaster of death and destruction that is outrageous Medical harm to the Public.

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