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I’ve Cried Many Nights, Thinking, Where’s My Money?

A report from the New Hampshire Bulletin. “There are some signs that the mania may be starting to diminish, housing experts say. There are little signs that the market could be nearing a turning point. The average number of days that house listings are active has ticked up slightly, as has the number of houses available, noted Ben Frost, managing director of policy at the New Hampshire Housing Finance Authority. And agents are seeing changes on the ground, too.”

“‘I think if you checked in with me two months from now, it could be different,’ said Adam Gaudet, a Realtor in Concord. ‘… Out-of-state buyers that would normally be calling me have called less. And at things like open houses, you don’t have nearly as many Connecticut, New Jersey, Massachusetts, Vermont plates.’ Joanie McIntire, a real estate agent with Coldwell Banker J. Hampe Associates has also seen signals. Where earlier this year and last year 20 people might show up at a house viewing, these days that number has dropped to four or five, she said.”

From Yahoo Finance. “Many independent property owners have been swamped by rising costs associated with taxes, insurance, utilities and upkeep, even as tenants have gotten government lifelines. ‘We’re already been forced to sell our house so it doesn’t help us,’ James Bathgate, a landlord in California, told Yahoo Finance. ‘I do feel sorry for the thousands of other mom and pop landlords, many of whom are retired and living on fixed incomes, just like us and rely on rental income for their retirement.'”

“Bathgate owned a rental home in a rural town in San Mateo County, in Northern California, where he says he is owed more than $50,000 in unpaid rent dating back to March of 2020. Bathgate made the decision to put his house up for sale, which he has owned since 1983. ‘We had to sell the property because I couldn’t afford it every month, not getting any income from rent and being forced to take $3,000 a month expenses on the property,’ he explained. Even once the jury trials started up again in July, Bathgate doesn’t expect to recover the money he has lost. ‘Is the government going to now pay me $70,000 that they stole from me? I doubt it,’ Bathgate said.”

The New York Post. “An Air Force veteran who owns three upstate New York properties has been forced to live in her car because her tenants have refused to pay rent. Brandie LaCasse told CBS News that she has been living at friends’ homes and out of her car with her young daughter. She said she is owed more than $23,000 in unpaid rent but cannot force her tenants to pay or leave because of federal and state moratoriums on evictions.”

“‘I’ve cried many nights, like thinking, ‘Where’s my money?’ the single mom said. ‘I don’t understand how they can give my private property to somebody to live for free. I bought that property. I fixed it up with my blood, sweat and tears.'”

From Realtor.com on New York. “A duplex located on what’s known as Billionaires Row has made a statement of its own, with a $150 million price tag. ‘It’s not surprising NYC is seeing a recent influx of nine-figure asking prices, as the luxury market continues to strengthen, driven by the insatiable demand of ultra-high-net-worth buyers for exceptionally grand apartments,’ says the real estate agent Jenny Lenz.”

“She added, ‘However not all nine-figure price tags are created equal. Many times, they are used as clickbait and a gross exaggeration of a property’s true value, while others are actually justified based on the specific location, size and level of finish. It all comes down to the individual product—and savvy buyers can quickly determine which ones are real and which ones are simply a marketing ploy.'”

“Dolly Lenz, CEO of Dolly Lenz Real Estate, added that this $150 million luxury condo has the credentials to back up its prodigious price tag. ‘It’s the real deal,’ she says. ‘Which doesn’t mean it’s not aspirational in pricing—and likely negotiable.'”

The Marin Independent Journal in California. “Agents say the market has settled down a bit from the feverish activity of the last few months. But Beth Sasan, an agent with the Golden Gate Sotheby’s International Realty office in Greenbrae, said ‘special houses’ can still fetch 20 offers or so. ‘I feel like we’re having not a cooldown, but a normal leveling of the market,’ she said. ‘It’s not a frenzy like it was in May.'”

From Barrie Today in Canada. “After a buzzing spring market for Barrie condos, the expected summer slowdown hit. Comparing this summer with last year, 2021 has been very different than in 2020. Last summer, the market started to explode in June. In July, buyer demand dropped, causing prices to adjust. The average sales price for a condo apartment decreased nine per cent from June. Although, units were selling for 99 per cent of their original list price and average days on market went from 30 days to three weeks.”

“The same was the case for the condo townhouse sector in Barrie. Even though bidding wars were still taking place and units were selling for 102.8 per cent of the seller’s asking price, there was an eight per cent decrease in the average sale price from June to July.”

The Australian Financial Review. “Phoebe Blamey, director of Melbourne-based Clover Financial Solutions, a mortgage broker, says a sharp fall in overseas students studying in Australia is creating opportunities for apartment investors. ‘Student accommodation is selling at a discount because some owners are struggling to keep investment properties without tenants,’ Blamey says about privately owned student apartments around Melbourne’s inner-suburban Caulfield and Hawthorn.”

From Bloomberg. “Under mounting pressure from financial regulators to shore up its finances, China Evergrande Group is poised to dump more of its sprawling empire. The clock is ticking for billionaire Hui Ka Yan and his company, which is laden with US$300 billion in liabilities to banks, suppliers and homebuyers. Despite getting temporary relief from some major creditors, the message from policymakers is clear: Evergrande must resolve its debt woes fast enough to avoid roiling the world’s second-largest economy.”

“That means demonstrating its goodwill by quickly selling assets, potentially at steep discounts. Evergrande may offload its Hong Kong headquarters and a large residential land parcel in the city at a loss. Since March, spooked investors have shaved about US$78 billion from the value of Mr Hui’s electric vehicle (EV) and property management units, which are also on the block.”

“‘Evergrande bonds will ultimately rise or fall based on the company’s ability to monetise non-core assets ahead of existing repayment schedules and before Beijing runs out of patience,’ said Brock Silvers, chief investment officer of Kaiyuan Capital in Hong Kong.”

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This Post Has 101 Comments

  2. ‘I feel like we’re having not a cooldown, but a normal leveling of the market,’ she said. ‘It’s not a frenzy like it was in May’

    Article mentions a June peak. Peak in past tense is not gooood!

    Something I’ve thought about: note how these UHS seems resigned to an unspoken thing ending here. Why can’t it spring to life next month UHS? Instead they try to spin the narrative, “oh it’s still hot, just 2 people instead of 70 cars from Connecticut!”

    1. “how these UHS seems resigned to an unspoken thing ending here. ”

      It’s RealtorBabble. A language, culture and practice steeped in years of misrepresentation, fiction, ambiguity, perjury, distortion, fabrication… and complicity in fraud.

      1. That whole war was a tragic waste. Whether it will also mark the end of the neocons’ military adventurism and empire-building remains to be seen. The Taliban knew what they were fighting for. Our guys, not so much.

        1. Twenty years ago our drones were limited to observation reconnaissance and short distances. Today’s MQ-9 Reaper drone is able to provide long-distance armed interdiction to border smuggling violations of the embargo levied against Iran. Hence, the need for U.S. controlled airports in Afghanistan and Iraq has diminished greatly.

  4. ‘he has owned since 1983. ‘We had to sell the property because I couldn’t afford it every month, not getting any income from rent and being forced to take $3,000 a month expenses on the property’

    Cash out refi to go to Hawaii?

    ‘Is the government going to now pay me $70,000 that they stole from me? I doubt it’

    Magic 8 ball says “you are correct” Jim.

    1. “Cash out refi to go to Hawaii?”

      Hopefully Bathgate did something sensible with his cash out refi money like buying breast implants for his wife before she divorced him. That’s what a neighbor I had in a hood where I was renting in 2009 – 2012 did.

      Don’t get me wrong, they had a new boat, new cars and took vacations before they started getting turned down by the ATM that was attached to their house. But all those toys disappeared, the only thing left when they split up and moved out of the foreclosed shack were those cash out refied breast implants.

      1. “…the only thing left when they split up and moved out of the foreclosed shack were those cash out refied breast implants.”

        On the other hand, those implants likely helped to attract another suitor in a timely manner.

        1. those cash out refied breast

          The guy may now consider them to be the best investment he ever made.

  5. Where earlier this year and last year 20 people might show up at a house viewing, these days that number has dropped to four or five, she said.”

    “I speak, therefore I lie.” — Anonymous realtor

    1. and savvy buyers can quickly determine which ones are real
      Anytime I see Savvy buyers my B.S. detector goes on full alert.

  6. ‘Student accommodation is selling at a discount because some owners are struggling to keep investment properties without tenants,’ Blamey says about privately owned student apartments around Melbourne’s inner-suburban Caulfield and Hawthorn.”

    Wa? I thought that sweet appreciation made tenants unnecessary.

  8. ‘I feel like we’re having not a cooldown, but a normal leveling of the market,’ she said. ‘It’s not a frenzy like it was in May.’”

    The frenzied lying by realtors continues unabated.

    2. Taxpayer funded sex change operations for the U.S. miltary.

      This is what your grandfathers stormed the beaches of Normandy for.

    3. defeating the West

      …as they excitedly use their cell phones to brag about their victory on Facebook.

      1. While they brag on FB. The same FB that banned President Trump and many conservatives. The same FB that ‘fact’ checks.

    1. Are you sure the voters voted for this? I heard Dominion voted for them, as it did us, in all down tickets too.

  12. U.S. troops speak out against COVID-vaccine mandate

    https://www.wnd.com/2021/08/u-s-troops-speak-covid-vaccine-mandate/

    A Republican congressman who has proposed a bill to block federal funding of the U.S. military vaccine mandate hosted a conference call with troops who warn the mandate could harm military readiness.

    The service members say many of their colleagues feel the same way but are not speaking out because of the possible consequences, Breitbart News reported.

    Rep. Thomas Massie, R-Ky., has introduced HR 3860, which would prohibit “any requirement that a member of the Armed Forces receive a vaccination against COVID-19.”

    An Air Force member said there is “a lot of pressure from our commanders … and they tell you these sob stories to heavily persuade you, and it’s borderline harassment.”

    “It makes you wonder, well I joined to change my life and they’re all about inclusion and diversity but I have to restart just because of the shot,” he said.

    He plans to leave the Air Force if he doesn’t get an exemption.

    “I’m not getting that shot,” he said.

    Another active Air Force member said he could receive a dishonorable discharge for refusing to be vaccinated.

    “That’s basically putting us in the same category as rapists and killers, which I think that’s insane,” he said.

  13. COVID-vaccine mandate
    I just watched a You tube about full vaccination vs. Natural infection. It is a pre-print (not peer reviewed) from Israel. The pre-print essentially says that natural infection is much better than vaccinations in preventing reinfection.
    If this study is confirmed, and it was a large study, it seems to me that if a military member has had an infection he/she is much safer than someone who has been fully vaccinated

    1. I’ve been saying this for months. Accept a positive antibody test in lieu of a vaccine.

      That’s if you need a mandate at all. We need some clearer data on just how much a vaccinated person can spread COVID compared to an unvaccinated person. If the spread is similar, then the ONLY argument for a mandate — “protecting others” — becomes groundless.

      1. Dictators gonna dictate. Including Governor Nuisance.

        “The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by an endless series of hobgoblins, most of them imaginary.”

        — H.L. Mencken

      2. Just you wait until November/December when the hospitals fill with the vaccinated just like Israel. Why do you think Biden is pushing for the booster as FDA management flees the agency?

    2. peer reviewed

      It doesn’t take a peer review to understand that if your body fights off a viral infection a pseudo vaccine is of no use to you.

    3. “…full vaccination vs. Natural infection…”

      Presumably they are just talking about people who have had COVID-19?

      1. LVG:
        https://www.youtube.com/watch?v=xaIqLW9gtLk
        The first part is evidence from Israel with data saying natural immunity is better at preventing reinfection with the last 1/3 saying something a little different. The last 1/3 is based on a much smaller study that was performed in Kentucky.
        It is sad watching this because he is apologizing every 2 minutes so as not to get this video deemed misinformation by You Tube and deleted.
        And as he points out. The Science is SUPPOSED to be challenged.

    5. Had the thing. Was in contact with others. No one else got it.

      You need to be VERY concerned when natural immunity no longer exists within the medical community.

      2. You said you had it in early 2020. You likely had D614G variant, which is much less contagious than the Delta variant circulating now. That’s why no one around you got it.

      3. What a insane response to a small risk, that global populations would have to take a untested new technology vaccine every 5 months , and that it would be mandated and enforced by Private Party Corporate USA or punishment inflicted.
        The Media Monopoly taking the first amendment for disinformation campaign and censorship of facts and dispute to defraud the public.

        The Swamp in DC take over by a criminally rigged election whereby the Government operates in collusion with Private Party Monopolies, like Big Pharmacy , to bring on a Dictorship by these Entities.

        Forcing people to inject a vaccine and to continue to inject a vaccine that is neither safe or effective.
        Such a bad vaccine that you transmit the disease, create constant mutations , need constant boosters, and it just keeps the Pandemic going, where it would of been over by now. Also, a concerted effort to suppress and slander cheap effective drugs that worked , and cover up adverse reactions and deaths caused by vaccines.
        Unjustified vaccines for children and other low risk groups for a vaccine risk not justified.

        Are people going to want to take a booster shot every 5 months forever ?
        Really. I’m sure most people were defrauded into thinking taking the two shots would give them their freedom back and end this Pandemic. No, now you have to take a untested medical product and just be a lab rat waiting for long term results of them messing with your RNA/DNA.
        This is the time to not comply anymore because none of this is justified by any stretch of the imagination.

        2. Want even more fun? I just heard some news on the radio. The Eagles are putting on a concert in Capital One Arena (downtown DC) tonight. To get into the concert, it’s not enough to show your vaccine card or negative COVID test. You have to upload your information to an app. And you have to wear masks. IMO, not worth it. To me, apps open the door to a lot more tyranny than just medical.* What else will they store on that app?

          Am I going to take a J&J booster shot? Luckily, I don’t have to decide until December. I’m waiting to see whether J&J lasts or wanes long-term, and whether J&J will tweak their shot to dominant variants. Already I’m generally ditching the mask. Maybe I’ll get a mild case.

          Best case scenario is that Delta will go through the masks, and everyone will be exposed one way or another by next spring, and cases will trickle to nothing. Then all these tyrants will be voted out and all these restrictions removed.

          —————-
          *I track my weight on the preloaded app on the iPhone. I’m sure they’ve noticed that I’ve gained 12 pounds during this pandemic, because a lot of my youtube ads are for Weight Watchers and Nutrisystem.

          2. Then all these tyrants will be voted out and all these restrictions removed.

            trump was voted out too. didn’t matter, as biden was installed anyway.

            elections won’t matter from now on until criminals in the election fraud are prosecuted. until then, any election result they really want, they’ll take.

          6. TJ, I wonder about the election. I think much of the irregularities last time was the mail-in ballots. As Ben says, you need a LOT of individuals to pull off ballot stuffing, just to get ONE hated man out of office. I’m not feeling the hate this time. Nor does the “threat to our democracy” seem to carry the same weight. I’m not sure they can assemble the same operation for, say, 50 Congressional districts. Not with Republicans watching like a hawk this time, ripping down pizza boxes faster than they go up.

            And if you think the border crisis and foreign policy blunders are bad, wait until the economy crashes. I don’t think they can hold it off for another 15 months, pandemic or not. I’m more optimistic.

          8. Not with Republicans watching like a hawk this time, ripping down pizza boxes faster than they go up.

            this time? it’s been happening for considerably longer than the 2020 election. and finger pointing or evidence of fraud, won’t change the outcome. i’m tired of the whining and complaining. and the leftists secretly love it because all it does is serve as a pacifier for conservatives. it helps to keep us inactive.

            what i want is an improvement in tactics. like the video of the trucker i posted giving advice to the aussie truckers. our tactics right now are pathetic. regular police are becoming brown shirts right in front of us. fortunately, they don’t seem to have a clue about how dire their situation has become. their antifa tactics only worked because antifa is a tiny minority. but ordinary citizens taking to the streets has recently become a large and growing majority. trouble is, we don’t seem to have many taciticians. even one of my facorite videos posted here of the brown shirts getting their butts handed to them, didn’t show good planning.

            there was a quote i remember that went something like this… “i’d rather face taliban bullets than go out and face those angry citizens again.” citizens were kicking cops butts and the cops couldn’t understand why their anti-antifa tactics weren’t working on the citizens. the answer is that it’s because the cops were wildly outnumbered. they were under constant pressure from at least 3 sides, sometimes 4. against antifa it just wasn’t that way. i want to see that again. i want to see cops afraid to come out and face not antifa, but hoards of angry citizens. and i want government tyrants to see it.

            the elite have to see that rigging elections won’t matter because the citizens will no longer comply with unjust ‘rule of law’. if the laws are just, then people don’t have much of a problem with it. and the ones that do have a problem with it will be in the minority and thus easy to deal with. but the ruling elite’s new rules are unjust and that’s why people are rising up. but the elite think that the majority can be conquered by force. they are going to be proven wrong. i could write out what our tactics should be, but it would take too much time and make this post too long.

            look, maybe we could reverse this in the courts (i doubt it), but for most of us it would just take too long. we want to be free now, not in the tyrant’s ‘good time’. we’ve had enough.

            and when famous singers pick up that mantle, i think the tyrant’s days are numbered. i know your point was about how much more difficult elections will be to steal from now on, and while i agree with that, i still think that the ones the left REALLY want, they will still steal. and my point is that it really shouldn’t matter. we need to knock them on their butts.

        1. I had the mAb infusion this morning. So far so good. It would have been much easier to have been prescribed HCQ last week.

        2. How is the vaxxed person doing? By “cluster,” do you mean getting mAb in the hospital? It would be unusual if the vaxxed person was in the hospital without a co-morbidity. Anyway, glad to see you’re on the mend. Not sure if you tried the horse paste.

  14. “Bathgate doesn’t expect to recover the money he has lost.”

    …..another satisifying episode of “Meet The Cratertons”

    Mr. Bathhouse will likely never learn that housing is always an expense and a rapidly depreciating asset.

    Morro Bay, CA Housing Prices Crater 17% YOY As Violent Crime Surges Across San Luis Obispo County

    https://www.movoto.com/morro-bay-ca/market-trends/

  15. How many more warnings will be issued about cryptocurrency going to zero before it happens?

    1. A billionaire investor who called the 2008 crash says crypto is a bubble that will ‘go to zero’ and tells investors buy gold
      Ethan Wu
      Aug. 30, 2021, 10:54 AM
      — Legendary investor John Paulson trashed crypto and recommended gold in a wide-ranging interview with Bloomberg TV.
      — He described crypto as a “limited supply of nothing,” referring to the fixed quantity that some coins have.
      — Paulson told Bloomberg that he was newly bullish on gold as a hedge against rising inflation.

      https://markets.businessinsider.com/news/currencies/john-paulson-crypto-bitcoin-gold-2008-crash-hedge-fund-inflation-2021-08

    2. A big selling point for cryptocurrency is that it is unregulated…a kind of wild, wild west of monetary systems.

      1. The Financial Times
        Cryptocurrencies
        Crypto platforms need regulation to survive, says SEC boss
        Gary Gensler warns $2tn industry is too big to exist outside of ‘public policy framework’
        Gary Gensler was disappointed with the response to his call for crypto trading venues to register with the SEC. ‘Talk to us, come in,’ he said
        Gary Silverman in New York and Kiran Stacey in Washington August 31 2021

        The chair of the US Securities and Exchange Commission is warning that cryptocurrency trading platforms are putting their own survival at risk unless they heed his call to work within the nation’s regulatory framework.

        Gary Gensler told the Financial Times that while he remained “technology neutral”, crypto assets were no different than any others when it came to such public policy imperatives as investor protection, guarding against illicit activity and maintaining financial stability.

        “At about $2tn of value worldwide, it’s at the level and the nature that if it’s going to have any relevance five and 10 years from now, it’s going to be within a public policy framework,” he said. “History just tells you, it doesn’t last long outside. Finance is about trust, ultimately.”
        …

  16. Breaking News

    “being old increases your risk of death,”

    Australia’s NSW Switches to Recording Patients As Dying ‘With’ Covid Instead of ‘From’ Covid

    by Information Liberation
    August 31st 2021, 3:59 am

    From The Daily Mail, “NSW Health switches to recording patients as dying ‘with’ Covid instead of ‘from’ after finally acknowledging many of Australia’s 993 casualties died from something else or had even recovered from the virus”:

    Dr Jeremy McAnulty made the admission during Sunday’s Covid briefing as the state recorded 1,218 new cases of coronavirus.

    Six people died with Covid-19 in the 24 hours to 8pm on Saturday bringing the total death toll of this outbreak to 89 death since June 16.

    Dr McAnulty said the change in language was because it was ‘very difficult to know’ whether someone with Covid died from the virus, or another health complication.

    ‘We know when elderly people die, they can have a range of comorbidities, and also, being old increases your risk of death,’ he said.

    ‘Covid may often play a role in the death, but it may not. Sometimes, some of our cases who have sadly died appear to have recovered from Covid, and then they have died of something [else].

    1. Covid may often play a role in the death, but it may not

      We’ve had a very bad case of global conformity to a fundamental lie. Anyone who doesn’t know this is a willful idiot.

    2. Prior to Covid and for decades , 80,% of old people in nursing homes died on average within a year of some kind of respiratory affliction along with their co morbidities.
      They were given yearly flu vaccines and weren’t given vitamin D that so many were severely deficient in. Nursing homes on average were more like a hospice situation.
      This Virus Fraud for global lockdowns and untested vaccines by fake PCR tests to save granny and granddad was one big fraud. . They allowed a lot of seniors to just die, when the cheap effective meds could of saved a number of people that got some respiratory disease they weren’t discerning because they were all labeled Covid.
      Since the average age span is around 79 in the US, is it surprising that a lot of people over 79 were dying of something .
      This Pandemic was all trickery to declare a Panademic using older peoples death norms to up the numbers, as well as case numbers of the non sick individual by fake PCR tests. So obvious so deceptive.

    3. A couple of weeks ago, this was a local news story in MA:

      106 Fully Vaccinated People Have Died From COVID in Mass

      “In about three-quarter of all breakthrough cases, the patients reported having underlying conditions, the department said. The median age of those who died was 82.5 years.”

      https://www.nbcboston.com/news/coronavirus/100-fully-vaccinated-people-have-died-from-covid-in-mass/2463080/

      In 2019 my man friend’s parents sadly died within 6 weeks of each other, cancer and endstage renal disease. Their ages? 82 and 83.

      1. The article you posted said that the average age was 82.5 of the fully vaccinated 106 that died.

        I would be curious to find out if those people got any treatment at all, or was it straight to the respirators.
        The really cruel thing about this deliberate murder of people ,by denying them meds, is that these people died alone with family not being allowed in, or being able to advocate for them.
        They had very strange rules going on, still do.

        Some lady named Mrs Smith had to go to Court to get a Judge to order a Hospital to give meds to her husband in ICU, the meds that their Dr percribed that the hospital refused to administer.
        Go to hospitals at your own risk these days, because they have pretty dangerous protocols.

    1. Just after hitting the highest rate of housing price inflation in U.S. history!?

      Funny coincidence…

  19. Ok, so Putin saying no vaccine mandates for his Country.
    Putin is using the old vaccine technology anyway for vaccines in his Country.

      1. Russia is more free

        Maybe a Russian leader loves his countrymen more than the usurpers in the US hates their people.

      2. “Russia is more free than the United States.”

        There it’s man against man. Here it’s the other way around.

  20. Dumb question of the day: Do housing prices show up in U.S. consumer price inflation statistics?

    1. The Financial Times
      US economy
      US house prices rose at record rate in June
      Low inventory and strong demand drove 18.6% annual increase in S&P index
      [Houses in San Diego, California]
      The US housing market took off last year as many Americans bought bigger suburban homes while working remotely during the pandemic
      Mamta Badkar in New York August 31 2021

      The rise of US house prices broke another record in June as buyers competed for a limited inventory of homes.

      The S&P CoreLogic Case-Shiller national home price index rose 18.6 per cent from June 2020. That was the biggest year-on-year price growth in more than 30 years of data, and the third consecutive month of record gains.

      The US housing market took off last year as Americans borrowed at low mortgage rates to purchase roomier suburban dwellings while working remotely during the pandemic. The strong demand, coupled with tight inventory, rising lumber costs and labour and material shortages, combined to push home prices to new highs.

      US policymakers have closely watched the trend, with the Federal Reserve’s purchases of mortgage-backed securities attracting particular scrutiny, as some argue that the central bank’s policies have poured fuel on the rally and driven up the cost of housing.

      Fed chair Jay Powell has previously pushed back against the idea that asset purchases have disproportionately benefited the housing market. Last week he delivered his strongest signal yet that the Fed could start dialling back its pandemic-era stimulus programme this year.

      While lumber markets have weakened — Doug Yearley, chief executive of home builder Toll Brothers, recently told CNBC that softer prices would save $40,000 per home — other factors continue to make housing less affordable.

      The National Association of Realtors’ housing affordability index fell in June to its lowest level since November 2018, when mortgage rates were about 200 basis points higher, Nancy Vanden Houten, economist at Oxford Economics, noted.

      “The shortage of homes for sale at lower price points has been particularly acute, as many homes have been scooped up by investors and converted into rental properties,” Vanden Houten said.
      …

    2. “…Do housing prices show up in U.S. consumer price inflation statistics?…”

      Excellent question.

      To the best of my knowledge only a standardized rental does.

      To get meaningful SFR stats, I would think the Feds would have to rely on an accepted stat like Case-Shiller.

    3. Markets & Economy
      US home prices continued rapid climb in the second quarter: FHFA
      The second quarter of 2021 marked the 40th consecutive quarter of home price increases, according to Federal Housing Finance Agency data. Prices were up 17.4% year over year
      US home prices continued rapid climb in the second quarter: FHFA
      Krzysztof Hepner / Unsplash
      by Lillian Dickerson
      Today 7:12 A.M.

      U.S. home prices rose 4.9 percent from the first quarter of 2021 to the second quarter of 2021, and escalated 17.4 percent from the previous year, according to the Federal Housing Finance Agency’s (FHFA) quarterly home price index report released on Tuesday.

      Meanwhile, the seasonally adjusted monthly index for June was up 1.6 percent from the previous month.

      The FHFA HPI measures changes in single-family home values based on home sales data across over 400 U.S. cities in all 50 states. The HPI is based on “a weighted, repeat-sales statistical technique to analyze house price transaction data.”

      “During the second quarter, house prices peaked in June with an 18.8 percent growth rate compared to a year ago,” Dr. Lynn Fisher, deputy director of FHFA’s Division of Research and Statistics, said in a statement. “For the quarter, annual gains surpassed 20 percent in the Mountain, New England, and Pacific census divisions and in all of the top 20 metro areas.”

      This most recent quarter marked the 40th quarter in a row in which home prices have increased, which dates back to September 2011.

      Home prices were up in every state and the District of Columbia year over year. The greatest home price gains were seen in Idaho (up 37.1 percent), Utah (28.3 percent), Arizona (23.9 percent), Montana (23.7 percent), and Rhode Island (23.7 percent).
      …

    1. Powell is already printing Croesian sums to provide to the government (and Wall Street). His only shortcoming is he doesn’t loudly proclaim Fed independence loudly enough. Whoever is in the position is going to do the same things. Perhaps The Squad simply wants a different gendered/colored figurehead versus the current one. Also, Powell was appointed by Sauron and that doesn’t help him in their eyes either.

      Perhaps the Fed chair position should be like a beauty queen position, the title is held for a year and then a new queen is chosen.

      1. “Perhaps The Squad simply wants a different gendered/colored figurehead versus the current one.”

        Nah. They want a Fed chair who spouts the extreme green leftwing fringe Democrat narrative.

        One that they likely won’t be able to get.

  22. BREAKING: In a major blow to vaccine efforts, senior FDA leaders stepping down

    Two of the FDA’s most senior vaccine leaders are exiting from their positions, raising fresh questions about the Biden administration and the way that it’s sidelined the FDA.

    Marion Gruber, director of the FDA’s Office of Vaccines Research & Review and 32-year veteran of the agency, will leave at the end of October, and OVRR deputy director Phil Krause, who’s been at FDA for more than a decade, will leave in November. The news, first reported by BioCentury, is a massive blow to confidence in the agency’s ability to regulate vaccines.

    The bombshell announcement comes at a particularly crucial moment, as boosters and children’s shots are being weighed by the regulator. The departures also come as the administration has recently jumped ahead of the FDA’s reviews of booster shots, announcing that they might be available by the week of Sept. 20.

    A former senior FDA leader told Endpoints that they’re departing because they’re frustrated that CDC and their ACIP committee are involved in decisions that they think should be up to the FDA. The former FDAer also said he’s heard they’re upset with CBER director Peter Marks for not insisting that those decisions should be kept inside FDA. What finally did it for them was the White House getting ahead of FDA on booster shots.

  23. New Project Veritas! Cali High School Teacher Reveals He’s Antifa, Turning Children Into Revolutionaries

    by Kelen McBreen
    August 31st 2021, 12:13 pm

    CA High School Teacher Admits Communist Indoctrination of Students:
    ‘Turn Them into Revolutionaries’

    182,395 views
    Aug 31, 2021

    https://youtu.be/83b_u5V51U8

  25. What if the vaccines were tainted by design? And that you need big brothers new miracle treatment which has to be administered weekly in order to stay alive and receipt is a function of your obedience to the state?

    1. You make a movie and sell a billion dollars of tickets. But you’ll have to wait about 10 years before people can stomach such a premise.

    2. I like how he managed to sweep MMT in with all of the US’s questionable foreign interventions since 1917…

    3. Mr Banker,
      This article was interesting to me because I have made posts in my determination that Woodrow Wilson was the bad guy that set the stage for all that went awry with Government for the people.

      Woodrow Wilson was the most educated of any President, a Elitist who felt that the people were to dumb to rule themselves. His ideas were basically treasonous to the basic premise of Constitutional protection of the individual .
      A list of his treasonous attack on the Government by the people.

      1, He tricked the enacted of the Federal Income tax by the illusion that it was just a rich persons tax, and it wouldn’t effect the average person. It set the stage for Funding the Swamp in DC , and oppressive tax laws that were to fund progressive Government overreach. If you want big Government, you have to have a way to fund it in other words.
      2 Wilson got us into World War I by hiring advertisers to sell it to the people. Stupid War that we could of avoided, and again it set the stage for Foreign entanglements repeated that George Washington warned against.
      3 Wilson was trying to set up UN powers to rule rather than Sovereign States , so this was Globalism at its worse.
      4 World War I created World War 11 as the Article discusses. World War 11 created the Cold War and all the other endless Wars the US has been involved in.
      5 Wilson actually spread the 1918 flu all over Europe by the transporting of US troops , in which it was covered up that this was taking place. Wilson wasn’t going to let anything interfere with his War, so many deaths can be contributed to Wilson trying to hide a Panademic.
      6 just in summary Wilson set the Stage for Big Government , Global Government, and the means to fund it , being Federal Income tax. A set up for endless involvement in Foreign wars . This position is a serious departure from the Government set up by the original Founders , in which the rights of the individual were supreme, within a Sovereign State , not a World Government by the Elites.
      So, out of the basic premise of Woodrow Wilsons mind set its Communism/ Fascism big Government and Globlist Government , A treasonous departure from Government by the People in a Sovereign State of US. Its Woodrow Wilson thinking that the educated elite and Big Global Government should rule , not the people.
      Wilson’s Ivory tower Elitism , which was foolishness, was responsible for millions of deaths , and is the basis for all problems in US today because his premises were treason to begin with.

      So, I like this article because Woodrow Wilson was who I pinpointed as the treasonous President, with Biden being up there with Wilson now.

  29. The Progressive liberals goal is to do away with the Constitution protecting the individual , for Big Government dictorship, and now Big Globlist Monopoly rule . People operating in their own self interest , as was the intent of the Founding fathers , is being replaced by Big Government/ Global Monopoly Governance and these Entities Dictate all aspects of the individuals Alife. Wilson set the stage for this treason to the Constitutional Republic. All this because Wilson felt the Elite, or highly educated people like himself should rule the World. Wilson was also a known to be big racist also, on top of everything else.

  30. Also, the post World War 2 generations were starting to revolt against the post World War 2 set up for the Cold War and endless wars and that the US took the position of being the watch dog of the World.
    The baby boomers pushed for Civil rights to be equally applied as the Constitution promised. Somewhere in the equation at the time was the pushing of women’s right, equality in pay etc.

    So, in spite of what these post World War 2 generations were fighting for , the Government was highjacked for some Global takeover from Global Monopolies and Money Cartels.

    So, now you have Biden treating at least half the Country Luke they were the enemy from within, and any other division to divide and conquer.

    Vaccinated verses the unvaccinated, black verses white, communism verses capitalism , open borders verses laws of immigration, destruction of white culture with bogus racism theory. Small business verses Big Monopoly take over, medical tyranny by Big Pharmacy Monopoly, verses right to reject injections, Global interference with other Countries verses Sovereign State protection, Majority discrimination for minority rule,

    So, this take over by Big Government in conjunction with Globlist Monopolies with rival China in the collusion , is a obvious divide and conquer operation again a high percentage of US Citizens.
    Biden is doing the agenda of the Globlist Monopoly psychopaths and fraudsters that are aligned with China, and this does not constitute the government by US citizens.

    Worse than a military invasion of a Country, this is a takeover from within by a enemy that wants to dictate your life, and even kill you.

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