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We’re Going To See People That Want To Panic Sell And Just Get Out Of The Market

A report from the Idaho Press. “The rising prices meant Boise’s relative affordability to outsiders dwindled. ‘At some point, though, prices can’t increase over 30% per year,’ said Julene Webb, Real Estate Consultant with Group One Sotheby’s International Realty. ‘That can’t continue for 10 years. People just get priced out of the market.'”

“Christina Ward, a Realtor with Keller Williams Realty Boise, has observed a similar trend as Webb. ‘I’m starting to experience buyers saying, ‘I don’t know if I’m going to move there anymore because what’s the point? We’re going to be away from the beach now and we have to pay the same prices,’ Ward said.”

From Fox Lexington in Kentucky. “The real estate market is showing signs it’s cooling off. Rick Pannell, a real estate broker, said months of record-breaking home sales and low inventory may be changing. According to the Lexington-Bluegrass Association of Realtors, July was the first time home sales have dropped since the pandemic began. ‘Things are going to stabilize a little bit as more inventory comes on the market, it’ll start to drop prices down a little bit,’ Rick Pannell said. ‘You won’t see those record sales and you won’t see people scrambling to make a full price offer with escalation clauses in it.'”

From CapeCod.com in Massachusetts. “According to a recent report by the Cape Cod & Islands Association of Realtors, the year-long frenzy fueled by buyers seeking refuge on Cape Cod has subsided as market activity is returning to pre-pandemic levels. Sales pending at the end of July were 380 for single-family homes and 106 for condominiums, a 37.6% decrease for single family and a 30.3% decrease for condominiums.”

“‘Inventory hasn’t rebounded and prices haven’t subsided, but market activity is slowing, which shows it may be the last chance for sellers to take advantage of a frenzy home buyer market and list now,’ said Ryan Castle, CEO of the Cape Cod & Islands Association of Realtors.”

The Merced Sun Star in California. “While the median price of a single-family home slightly dipped in July for California, the home prices have continued to rise in Merced County. The single family median price rose to $365,000 in July — the highest price to date from January 2008 to now. ‘I believe there is indeed an aspect of buyer fatigue and there are some that want to wait out the craziness,’ said Brandon Ruscoe, an agent for Better Homes and Gardens, Everything Real Estate — speaking on what realtors are seeing nation wide. ‘And while it might not necessarily be a lower price down the road, buyers figure if they are going to pay that much it needs to be a perfect fit for their needs.'”

“Ruscoe said Stanislaus County has seen a slight decrease in housing prices while Madera and Fresno County have seen increases similar to Merced County. Sacramento-area prices are similarly dropping for the first time in more than a year. Numbers have also leveled or dropped off in El Dorado, Placer and Yolo counties.”

From AZ Big Media in Arizona. “Developers are trying to address this need even as demand seems to have peaked. According to Jim Belfiore, president of KASA Development, demand is down 31% from May — when it was at its highest — and dropped 16% from last year. Conversely, supply for speculative inventory has plummeted 78% year-over-year, while prices of new homes have increased 29% during the same period. More new homes are on the way. Belfiore notes that approximately 23,000 new home permits were issued in Greater Phoenix as of July and projects that 35,000 could be issued by the year’s end — a level not seen since 2006.”

“‘If you go into one of the sales centers right now, you’re looking at a 60 to 90 day closing period,’ comments Matt Linaman, division manager at Starlight Homes. ‘Even though permits are going out, our closings have essentially plateaued.'”

From CBS Denver in Colorado. “The Town of Breckenridge could see a cap on short-term rentals as early as November if the legislation passes readings set for September. While amendments are possible, the idea would be to reduce short-term rental licenses from 2,476 to 2,200. Toby Babich is the owner of Breckenridge Resort Managers and part of the Summit Alliance of Vacation Rental Managers. He believes the idea of a broad cap has created uncertainty in the short-term rental community.”

“‘We’ll see people who will want to sell and get out, I’ve been contacted by people a couple of times already about people that are saying, ‘What should we do? Should we sell now? Should we hold on? Do we want to hold onto our license maybe and see how it rolls out…’ So we’re going to see people that want to panic sell and just get out of the market because they’re worried about their long-term investment,’ he said.”

“‘I think it’s concerning that 52% of our inventory in Breckenridge is short-term rentals,’ said Alex Micheline is the Assistant General Manager for the restaurant, Kenosha Breck. ‘Summit Council has not wanted to wait because we’re seeing such a degradation in our community of homes that people actually live in and over the last 5 years we have actually seen an increase of 534 short-term rentals,’ said Eric Mamula, Mayor of Breckenridge. ‘Do you want to live in a community that is nothing but empty homes or homes that are just rented out every 3 to seven days?'”

From KHON 2 in Hawaii. “Creating tens of thousands more local rental units while raising lots of money for the City – it sounds like a win-win but it could come at the expense of folks who own empty homes and condos. A tax on vacant units was proposed at the Honolulu City Council in fall 2020. It was studied by the previous administration and is still being considered. Empty homes and condos blanket the island while locals struggle to keep up with Honolulu’s cost of living; nearly 40,000 units are vacant at any given time, according to a UCLA study the City commissioned in 2020.”

“Honolulu City Council chair Tommy Waters said the empty House bill is likely to get moving again soon, along with other property tax bills aimed at recognizing the impact of the soaring housing market on local owners and renters — like the second-home tax category. ‘Bill 20 (2021) would raise the residential a category from $1 million to $1.3 million,’ Waters said. ‘As you know, if you own a second home that’s worth $1 million or more, you pay a slightly higher tax rate. Well guess what? Almost all homes on Oahu are $1 million now.'”

Related Posts

SELL NOW

https://www.youtube.com/watch?v=ivU_34wgDmc https://www.youtube.com/watch?v=9Vj14F8LkoI

This Post Has 101 Comments

  1. ‘At some point, though, prices can’t increase over 30% per year’

    Why not Julene? Like the Vancouver REIC guy said, shacks will be a billion pesos eventually.

  2. ‘I’ve been contacted by people a couple of times already about people that are saying, ‘What should we do? Should we sell now? Should we hold on? Do we want to hold onto our license maybe and see how it rolls out…’ So we’re going to see people that want to panic sell and just get out of the market because they’re worried about their long-term investment’

    There’s lots of dead ends in a housing mania, but none is more dead end than short term rentals.

    ‘nearly 40,000 units are vacant at any given time’

    ‘Well guess what? Almost all homes on Oahu are $1 million now’

    Is 40,000 times 1 million a lot?

  3. ‘prices have continued to rise in Merced County. The single family median price rose to $365,000 in July — the highest price to date from January 2008 to now’

    Yeah, that’s no problem, right Merced? Today’s addition to red hotcakes in sh$t holes. Speaking of:

    ‘demand is down 31% from May — when it was at its highest — and dropped 16% from last year. Conversely, supply for speculative inventory has plummeted 78% year-over-year’

    35,000 shacks on the way and the bottom is falling out. Only in Phoenix could they say 450 spec shacks is low. I got news for you: a bunch of those 35,000 are spec buys as you’ll find out shortly when they run for the sun baked hills.

    1. Ben Jones theme song;

      “No use saying that it’s alright, it’s alright.
      Where were you after midnight, midnight.
      Heard a Bang, Bang, Bang; Down they go
      It’s just a job you do
      ’cause the harder they run, the harder they fall.
      I’m coming down hard on you.

      Don’t keep saying that it’s alright, it’s alright,
      It seems you went just a little too far this time
      Heard a Bang Bang Bang, and down you go,
      It’s just a job I do,
      ’cause the harder you run, the harder you fall,
      I’m coming down hard on you . . . hard on you.

      I got a name, I got a number, I got a line on you
      I got a name, I got a number, I’m coming after you”

      (Phil Collins: Behind the Lines)

    2. “…prices have continued to rise in Merced County.”

      UC Merced was a huge draw for real estate gamblers!

  4. ‘Inventory hasn’t rebounded and prices haven’t subsided, but market activity is slowing, which shows it may be the last chance for sellers to take advantage of a frenzy home buyer market and list now’

    Ryan knows his new Escalade payment isn’t going to make itself.

  5. ‘Almost since its inception, the effort to oust Gov. Gavin Newsom has been inextricably tied to the pandemic’s impact on schools. Recall backers say they succeeded in qualifying for the ballot in large part because of mothers’ frustration with closed classrooms and their children’s struggles with virtual learning.’

    ‘Any of these approaches would be an improvement for Amy Fritz, a grandmother of three school-age children. When they were out of school last year, she said, they struggled with virtual education, a situation she blames squarely on Newsom.’

    “I don’t want to see his face. I don’t want to hear his voice. I can’t stand him,” said Fritz, a retiree who lives in Lodi. “He was way too strict. I think it was a power thing.”

    https://www.latimes.com/politics/story/2021-08-27/mask-mandates-women-voters-newsom-recall-elder

      1. All the evidence shows that Ivermectiin is a cheap safe drug that has been approved by FDA for decades.

        The fraud is that they are acting like this drug has to go through clinical trials to get EUA when it has already been approved for use.

        From everything I have read this drug works fast in stopping the virus from reproducing.

        Japan Scientist are now rejecting the jabs in favor of this miracle drug. None of this news reaches censored News in US. The fact that India only has a 10 % vaccine rate and they are using this drug instead.
        The drug that Fauci is pushing for treatment in hospitals is horrible and causes kidney failure according to a number of Doctors and it cost 3 thousand a dose.
        So, the Public is just victimized by all this medical fraud by the Health Authorities. The Surgeon General was actually suggesting that vaccines were better that natural immunity , where the data shows that’s a false statement.
        Nothing but medical fraud , and mandates of vaccines being enforced by Private Party Corporate America .
        Like Eric Clapton expresses in his song, “It’s Gotta Stop.”

        1. “The story of how ivermectin was discovered is quite incredible. In the late 1960s, Satoshi Ōmura, a microbiologist at Tokyo’s Kitasako Institute, was hunting for new antibacterial compounds and started to collect thousands of soil samples from around Japan. He cultured bacteria from the samples, screened the cultures for medicinal potential, and sent them 10,000 km away to Merck Research Labs in New Jersey, where his collaborator, William Campbell, tested their effect against parasitic worms affecting livestock and other animals.”

          https://www.isglobal.org/en/healthisglobal/-/custom-blog-portlet/ivermectina-del-suelo-a-las-lombrices-y-mas-alla/3098670/0

        2. “All the evidence shows that Ivermectiin is a cheap safe drug that has been approved by FDA for decades.”

          “All the evidence shows that Ivermectiin is a cheap safe drug that has been approved by FDA for decades.”

          Isn’t that an animal parasite treatment?

          1. Isn’t that an animal parasite treatment?

            It’s approved by the FDA and is considered by the WHO to be an essential medicine (for humans). People get parasites too.

          3. Ivermectin for Prevention and Treatment of COVID-19 Infection: A Systematic Review, Meta-analysis, and Trial Sequential Analysis to Inform Clinical Guidelines

            Conclusions:
            Moderate-certainty evidence finds that large reductions in COVID-19 deaths are possible using ivermectin. Using ivermectin early in the clinical course may reduce numbers progressing to severe disease. The apparent safety and low cost suggest that ivermectin is likely to have a significant impact on the SARS-CoV-2 pandemic globally.

          6. Geebuz, i cannot believe people care what the Fraud, Deceit, and Abuse Agency says. These proven liars have approved a “Poison Death Shot” which has been foisted on pregnant women by licensed, practicing physicians (charlatans). Many of the first trimester pregnancies ultimately end in miscarriage. You sheeple really should turn off your televisions.

        1. I subscribe to his Substack. Alex is considering his legal options and has “several very wealthy people” who have offered to help.

          1. I like Alex, but him and everyone else that has covid woken, shouldn’t fight Twitter or any of these censorial poopheads. They should simply walk away.

            More than half the users on that platform are bots and the other half are sheep.

            If people haven’t woken up to the Twitter/Youtube/Google Big Tech scam by now, they most likely never will.

            I’m trying out babylon bee now because they have a cool groups feature. We need to uncouple from the abusers and walk away.

      3. Dr. Jodie Dionne: “The doses we give to humans are 3 milligrams and 6 milligrams. And the doses that you can get for cows and cattle, is 60, 100, 200, many manyfold higher.”

        In other words, the drug isn’t a problem, is it, Dr. Dionne. It’s the DOSAGE. If I took 30 pills of Tylenol instead of 3, I’d be in the hospital too. Is the FDA going to tell us that we can’t buy a 250-pill bottle of Tylenol?

    3. Moved out of SoCal 18 1/2 years ago. Received an actual recall ballot a couple of weeks ago, in my mail, so it appears that I am still on the active voter rolls.

      I wonder who’s been casting my vote in California for the last 20 years?

  6. Let me tell you about Jet Engine Safety..LOL !!!

    https://www.bitchute.com/video/KKe1kHv1SQ0p/

    I’m surprised more people haven’t noticed this. As the video says, no turning fins inside the engines, no fumes, and the people running all happy aren’t covering their ears from the sound. It looks inflatable to me. If this thing was real there would have been dozens of people ripped to shreds.

    1. If this thing was real

      When I first saw this clip I thought it was extremely odd, people jogging ahead of the airplane. What’s that going to get you? One of the guys is smiling and waving at the camera. Nobody is carrying anything. If I was leaving home to uncertainty, I’d have a small bug out bag at least, some food and water.

    4. The C17 was designed for use on (compacted) short unimproved runways, so no debris will be drawn from the surface into the engine nacelles. They also direct the thrust up and away from the fuselage so as not to destroy the runway as well as permit inflight parachute operations.

  7. Went to the Home Depot yesterday , Almost no one there at all ,I remarked to the checkout lady about it …. “It’s been like this all week ” ,was her reply .”No one here shopping,hardly”..
    The “Dog days” of the SC summer are here ,have been extra tough this year. Low 90’s ,but with very high humidity , about destroys any Projects after 11 AM …..

    1. I also have noticed a drastic slowdown at Home Depot & Lowes lately, here in the Greater Sacramento area.

  8. After watching this again and seeing the installed one check his watch thinking… Jesus how long is this dignified transfer of fallen service members lost in Afghanistan going to take and noticing Dr. Jill how could you put your Dementia patient husband through this oh that’s right you’re a home wrecking power hungry spotlight seeking bit#h Biden turn her masked face to him and say…

    Don’t look at your watch Joe the whole damn world is watching, I’ll get you your ice-cream when we get home.

    https://youtu.be/GZFxBaorZrU?t=2137

    1. We’ve been living under an illegitimate occupation government since January 20th, 2021.

      The 2020 election was stolen.

  9. How long before we start seeing the MSM fill up with sob stories from the 8-14 million freeloaders who are being told GTFO now that the CDC’s unconstitutional eviction moratorium has finally overturned by SCOTUS?

    1. “now that the CDC’s unconstitutional eviction moratorium has finally overturned by SCOTUS?”

      Who died (or stole an election) and put the CDC in charge anyway?

      1. Trump. The CDC moratorium started under Trump.

        That said, it really is high time to stop this. I had a discussion with a co-worker who wanted to keep the unemployment going.
        I tried to convince her that the pandemic was financially neutral.
        That is, the $2400+/month unemployment was as much or more than they were making while they were working, so they should have been able to pay their bills and credit cards just the same.

        She couldn’t agree. She described how the working class was struggling and in debt. Well, they were struggling like that before COVID, so that has nothing to do with anything. She again argued. I believe she is deliberately trying to use the pandemic as a cloak to usher in some kind of UBI for the low-pay class.

        1. “Trump. The CDC moratorium started under Trump”

          “Now is the time — it’s pedal to the metal time.”

          CNN EXCLUSIVE ‘Something has to be done’: After decades of near-silence from the CDC, the agency’s director is speaking up about gun violence

          CNN
          By Elizabeth Cohen, John Bonifield and Justin Lape,
          August 29, 2021

          (CNN)For the first time in decades, the director of the US Centers for Disease Control and Prevention — the nation’s top public health agency — is speaking out forcefully about gun violence in America, calling it a “serious public health threat.”

          “Something has to be done about this,” CDC Director Dr. Rochelle Walensky said in an exclusive interview with CNN. “Now is the time — it’s pedal to the metal time.”

          https://cnn.it/3mCJzLT

          1. US Centers for Disease Control and Prevention

            I didn’t know violence had been classified as a disease.

            Maybe the CDC should be renamed as the Center for Control, or Freedom Control. Are they elected?

      2. The larger issue is, why did SCOTUS & our worthless Republicrat duopoly not lift a finger to stop this unconstitutional CDC overreach? SCOTUS only intervened when this travesty had gone on for near a year. I fully expect Democrats to act like commies, because they are, but the globalist-captured GOPe didn’t make a peep in protest.

    2. Teacher mocks the American Flag and suggests to students they can say the Pledge of Allegiance to the pride flag:
      I saw this and actually laughed thinking Jeff was being sarcastic/joking. Then I realized he was serious and I truly do live in a clown world.

  11. Moving on all fronts

    Vaccine ID
    Open borders
    Climate Change
    Gun Control

    CDC Announces Plan To Spend Millions Addressing ‘Public Health Threat’ of ‘Gun Violence’
    Infowars.com
    August 29th 2021, 1:30 pm

    start at 1:42

    New Day
    @NewDay
    “I’m not here about gun control. I’m here about preventing gun violence and gun death,” @CDCDirector Dr. Rachelle Walensky says about her plan to reduce gun violence in the United States.
    https://cnn.it/3mCJzLT

    https://twitter.com/NewDay/status/1431213630276648969?s=20

    1. As Oxide rightfully pointed out, the BS CDC eviction moratorium started under Trump. Biden is light years worse by ANY measure, but Trump certainly has his share of screw-ups. Operation Warp Speed anyone?

    1. I distrust and disregard all “fact checks.” They’re a mechanism for reinforcing The Narrative under the guise of objectivity when the organizations behind them are anything but.

  15. A report from the Idaho Press. “The rising prices meant Boise’s relative affordability to outsiders dwindled. ‘At some point, though, prices can’t increase over 30% per year,’ said Julene Webb, Real Estate Consultant with Group One Sotheby’s International Realty. ‘That can’t continue for 10 years. People just get priced out of the market.‘”

    “Christina Ward, a Realtor with Keller Williams Realty Boise, has observed a similar trend as Webb. ‘I’m starting to experience buyers saying, ‘I don’t know if I’m going to move there anymore because what’s the point? We’re going to be away from the beach now and we have to pay the same prices,’ Ward said.”

    – It’s early in the deflating housing bubble phase – while housing bubble 2.0 will continue to be denied by the REIC/UHS and the Fed – so it’s probably useful to refer to “the five stages of grief” and “the five stages of a bubble” to get a rough idea of what lies ahead. With the Fed and their serial bubble blowing one-trick pony road show, it’s rinse and repeat, unless of course, “it’s different this time.”

    The Five Stages of Grief:
    1) Denial (you are here, IMHO)
    2) Anger
    3) Bargaining
    4) Depression
    5) Acceptance

    For asset bubbles: Five Stages of a Bubble
    1. Displacement
    2. Boom
    3. Euphoria
    4. Profit-Taking (you are here, IMHO)
    5. Panic

    “It is difficult to get a man to understand something when his salary depends upon his not understanding it.” – Upton Sinclair

    “Insanity: doing the same thing over and over again and expecting different results.” – Albert Einstein (misattributed) – Narcotics Anonymous

    “We cannot solve our problems with the same thinking that we used when we created them.” – Albert Einstein

    “The problem of the modern economy is not a failure of a knowledge of economics; it’s a failure of a knowledge of history.” – John Kenneth Galbraith

    “the speculative episode always ends not with a whimper but with a bang.” – John Kenneth Galbraith, A Short History of Financial Euphoria

    “All crisis have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.” – John Kenneth Galbraith, A Short History of Financial Euphoria

    “As a dog returns to its vomit,
        so fools repeat their folly.    ” – Proverbs 26:11

    “It’s déjà vu all over again.” – Yogi Berra

    1. We’re right on the knife edge between “My precious!” and “Not going to give it away, GD it!!!”

      1. Boise is just insane now. I arrived as part of a company move in late 2019 and rent prices were already so high that multiple locals told me then that their kids were already priced out of the rental markets, very unlike when they were kids themselves.

        I looked at 3 bed/2 bath homes with 3-car garages back then on Zillow for $300k max, now those same houses are over $500k. Yeah, a 70-something percent increase in just 2 years, that’s perfectly normal. /sarcasm

        Looking forward to the inevitable crash, though once again there will be mass pain, bailouts, and the same crap going forward.

        3. Ex Coworker just bought a 3/3 in Idaho for 500k. He said he can handle a price drop because his payment is fixed and he has no plans to sell or move. I told him if I bought a house and the price dropped from 500k to 300k, I’d be freaking livid and wouldn’t care what the payment was. There’s no way that house is worth over 250k IMO. This market is just as insane as in 2007 if not moreso.

          2. It kind of depends on how he got the money for the house. If it’s found money – like he paid 100K for a house and sold it for 400K – then the sting would be less. If he had saved up 400K over the years, then perhaps he would be less sanguine.

            So where are prices going? We’ve just had a historic frenzy. Even Lawrence Yun, the spokesperson for the NAR, has called it a frenzy. After frenzies, there is typically some buyer satiation, at least temporarily.

            Interest rates – both the US 10 year, and the 30 year mortgage that tracks it – seem to be at their lower bound. Esther George said in those semi-famous 2009 minutes about how the market is hyper sensitive to interest rates. If they can’t go down from here, that has implications. I’m not sure why they would raise rates unless inflation was about to get politicians fired.

            Rates being at their lower bounds, plus a historic buyer frenzy starting to slow down might lead to a market slowdown. But, while I was right that there would be some kind of a market slowdown because I thought here would be some kind of a debt-based problem after the aught’s bubble, I’ve been wrong since 2011 consistently. But it seems like the current runup has coincided with consistently dropping interest rates, with the current market supercharge a result of dropping interest rates in the teeth of increased buyer demand during the pandemic.

            So, anyway, food for thought. The Fed has the money bazooka so it can firehose cash and there are very clever Wall Street types who advise and staff the Fed, so who knows. Will post the 10 year US Treasury interest rate chart and the 30 year mortgage chart in the future.

    2. what’s the point? We’re going to be away from the beach now and we have to pay the same prices,’ Ward said.”

      Go east, young woman. Nice houses within 10 miles of the beach can be had for under $400K. In Delaware, an attractive ranch can be found for $150K. Yikes-fixer-uppers are under $125K.

    3. I was just thinking of Ben’s posts that we went from euphoria to panic. Seems we are skipping 4 or it is a condensed time window of it.

    1. Why do people like to build houses in a flood zone? It’s called “flood plain” for a reason!

    2. “…while looking at flooding video…”

      New Orleans is without power, again. Their huge pump stations require electricity 24/7 to evacuate water that steadily percolates upward through the soil due to the city being below sea level.

      1. New Orleans is without power, again.
        Relax, the solar panels have been working overtime so they should be just fine.

  17. Eddy Arnold – Make the World Go Away

    https://youtu.be/lq0Ri9e6SY0

    Make my debt go away
    And get it off my shoulders
    Theres nothing left but Crater Rage
    Please make my Debt go away.

    Do you remember when you loved me
    Before the Realtor took me astray
    If you do, then forgive me
    And make my debt go away.

    Make my debt go away
    And get it off my shoulders
    Theres nothing left but Crater Rage
    Please make my debt go away.

    Ossining, NY Housing Prices Crater 25% YOY As Fear, Uncertainty And Doubt Settle Across New York And New England

    https://www.movoto.com/ossining-ny/market-trends/

  18. What are you guys ordering for lunch? Anything good?

    Wendys $5 Biggie Bag is back again. I got 3 of them coming… all with the bacon double stacks.

    1. I am docked at the Fat Les on Blockhouse Island in Brockville. Specialty of the house is a burger topped with sautéed mushrooms and melted swiss. Big side of fries. I’ve had three of them, but on separate occasions.

      1. I just hit Burger King for a Whooper & large fries. Wifey has had us on a strict keto diet regimen for the past few months, which I’ve mostly kept to, aside from a few furtive trips to fast food joints. A raccoon knocked over our trashcan one night, revealing a Whopper wrapper for which I had no convincing explanation the next morning – hey raccoon, you’re a dick.

  19. ‘I don’t know if I’m going to move there anymore because what’s the point? We’re going to be away from the beach now and we have to pay the same prices,’

    Stupid is as stupid does.

  20. New Covid Pre-print:
    Drs Ioannidis & Axfors at Stanford

    Age Infection Survival Rate
    0-19 99.9973%
    20-29 99.986%
    30-39 99.969%
    40-49 99.918%
    50-59 99.73%
    60-69 99.41%
    70+ 97.6% (non-inst.)
    70+ 94.5% (all)

    2. Even with these stats, they don’t state that those who die from this are already half way in the grave.

      8 billion people on this planet and 4.5 Million have ‘died’ from this. ‘Died’ meaning that a PCR test with an insanely high rate of false positives claimed they had this at the time of death.

      This is the biggest hoax of all time.

        1. Thank you for the correction.

          As if folks didn’t know….I had this thing back in Feb 2020. Many people I know did. Only person I know that died was someones GrandMother who very sick already.

      2. “This is the biggest hoax of all times.”

        I can’t get over the fact that the PCR tests weren’t accurate . Who knows what a bunch of those people died of. Apparently a lot were dying of no treatment at all, or the Drug Dr Fauci endorsed that shuts down your kidneys.

        I think you would of had somewhat normal death rates had they not cooked the book. They are still using the PCR test that’s banned on Dec 21, 2021
        Also Bill Gates buying up lab and test Companies. This isn’t suspicious is it !

      1. Hubby and son are good. I’m on Day 5 of symptoms: body aches and a knarly cough despite albuterol and benzonatate but no fever and good %SpO2.

  21. From CBS Denver in Colorado. “The Town of Breckenridge could see a cap on short-term rentals as early as November if the legislation passes readings set for September. While amendments are possible, the idea would be to reduce short-term rental licenses from 2,476 to 2,200. Toby Babich is the owner of Breckenridge Resort Managers and part of the Summit Alliance of Vacation Rental Managers. He believes the idea of a broad cap has created uncertainty in the short-term rental community.”

    “‘We’ll see people who will want to sell and get out, I’ve been contacted by people a couple of times already about people that are saying, ‘What should we do? Should we sell now? Should we hold on? Do we want to hold onto our license maybe and see how it rolls out…’ So we’re going to see people that want to panic sell and just get out of the market because they’re worried about their long-term investment,’ he said.”

    “‘I think it’s concerning that 52% of our inventory in Breckenridge is short-term rentals,’ said Alex Micheline is the Assistant General Manager for the restaurant, Kenosha Breck. ‘Summit Council has not wanted to wait because we’re seeing such a degradation in our community of homes that people actually live in and over the last 5 years we have actually seen an increase of 534 short-term rentals,’ said Eric Mamula, Mayor of Breckenridge. ‘Do you want to live in a community that is nothing but empty homes or homes that are just rented out every 3 to seven days?‘”

    – STRs are a plague on communities. Period. There’s no legal zoning change for this; hotels and motels are in different zoning than SFHs and for good reason, but local gov’t. gets lots of brown envelopes stuffed with cash in kickbacks, so here we are. No one wants a raucous party next door at 2:00 a.m. (every weekend), for one obvious example.
    – Gemeinschaft (community) vs. Gesellschaft (society)
    – Community and the nuclear family are the “glue” that holds society together. Socialists/Communists seek to destroy these as by doing so weaken and destroy the nation. They’re ripping part the social fabric of the U.S. Just check Ten Planks of the Communist Manifesto if you don’t believe me.
    – Communists and Globalists have similar goals; banana republic status and neo-feudal serfdom; a few elites controlling the masses.
    – Add in Blackrock and their ilk buying up a significant chunk of available properties and the strip-mining of the U.S. middle class continues apace. “You will own nothing and you will like it!”
    – Bedford Falls vs. Pottersville. Which one would you rather live in, peasant? This is a continuing, stealthy assault on the American way of life.
    – Recall that Congress is supposed to represent us, but they’re too busy lining their pockets via self-enrichment. I’m not feeling very represented. “Taxation without representation” comes to mind…
    – Keep stockpiling your 2A supplies. There’s going to be push-back, and it’s not too far off, IMHO.

  22. “Empty homes and condos blanket the island while locals struggle to keep up with Honolulu’s cost of living; nearly 40,000 units are vacant at any given time, according to a UCLA study the City commissioned in 2020.”

    This is evidence of one of the biggest problems with a speculative mania in residential real estate, which is investors HODLing empty housing units which provide no housing services, while awaiting price increases so they can sell for a profit. Meanwhile, residents have to pay through the nose to compete for the remaining housing units that are not kept off the market empty.

    1. “….which is investors HODLing empty housing units which provide no housing services…”

      UCLA is a little slow with the newsflashes, and certainly doesn’t read the HBB.

      What sort of event is going to trigger a crash?

      Methinks only a fractional increase in interest rates ought to do it.

      Going to be quite a spectacle when 40,000 units hit the market more or less all at once.

    2. “…investors HODLing empty housing units which provide no housing services, while awaiting price increases so they can sell for a profit.”

      https://www.investopedia.com/terms/w/wealtheffect.asp
      What is The Wealth Effect?
      By Daniel Liberto | Reviewed by Robert C. Kelly | Updated Jan 27, 2021
      “The wealth effect is a behavioral economic theory suggesting that people spend more as the value of their assets rise. The idea is that consumers feel more financially secure and confident about their wealth when their homes or investment portfolios increase in value. They are made to feel richer, even if their income and fixed costs are the same as before.”

      https://www.washingtonpost.com/wp-dyn/content/article/2010/11/03/AR2010110307372.html
      What the Fed did and why: supporting the recovery and sustaining price stability
      By Ben S. Bernanke
      Thursday, November 4, 2010
      “This approach eased financial conditions in the past and, so far, looks to be effective again. Stock prices rose and long-term interest rates fell when investors began to anticipate the most recent action. Easier financial conditions will promote economic growth. For example, lower mortgage rates will make housing more affordable and allow more homeowners to refinance. Lower corporate bond rates will encourage investment [stock buybacks]. And higher stock prices will boost consumer wealthy people’s wealth and help increase confidence, which can also spur spending. Increased spending will lead to higher [stagnant consumer] incomes and profits that, in a virtuous circle, will further support economic [asset bubble] expansion.”

      https://www.hussmanfunds.com/wmc/wmc101108.htm
      November 8, 2010
      Bubble, Crash, Bubble, Crash, Bubble…
      John P. Hussman, Ph.D.
      “Given that interest rates are already quite depressed, Bernanke seems to be grasping at straws in justifying QE2 on the basis further slight reductions in yields. As for Bernanke’s case for creating wealth effects via the stock market, one might look at this logic and conclude that while it may or may not be valid, the argument is at least the subject of reasonable debate. But that would not be true. Rather, these are undoubtedly among the most ignorant remarks ever made by a central banker.“

      “We will continue this cycle until we catch on. The problem isn’t only that the Fed is treating the symptoms instead of the disease. Rather, by irresponsibly promoting reckless speculation, misallocation of capital, moral hazard (careless lending without repercussions), and illusory “wealth effects,” the Fed has become the disease.“

  24. https://www.cnbc.com/2021/08/30/a-look-inside-a-65-million-beverly-hills-mansion-.html

    “In the middle of a global pandemic, 1108 Wallace Ridge hit the market for $65 million. That’s about $3,600 per square foot — and a $40 million premium over its 2014 price.”

    AHEM AHEM, let me remind you that this shack has not sold yet…

    Who paid $2400 per sqft house then knock it down to build this monstrosity? Who needs a $65 million dollars house anyway in a Pandemic? Imagine the opportunity costs if Chen invested in the stocks markets in 2014.

      1. So that’s what the local TV anchors would look and sound like reading the news if they had dementia.

  27. We’ve gone well beyond the “creeping tyranny” stage as the globalists and their Quislings drop the mask.

    Mom Can’t Visit Her Kid After Refusing COVID Vaccine, Judge Says

    https://www.vice.com/en/article/n7bykw/covid-19-judge-child-support-anti-vaxxer

    A divorced mother in Chicago will not be able to see her 11-year-old son until she agrees to get the COVID-19 vaccine, a Cook County judge ruled in Illinois earlier this month.

    Judge James Shapiro’s unusual, perhaps first-of-its-kind decision came during an Aug. 10 child support hearing over Zoom involving Rebecca Firlit and her ex-husband, with whom she shares custody, according to theChicago Sun-Times.

          1. Awesome!

            Great song, great video!

            Thanks for posting.

            Now if you’ll excuse me, I’m going back for seconds.

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