thehousingbubble@gmail.com
Blog

The Buying Frenzy Is Like So Yesterday

A report from the Buffalo News in New York. “The median sales price in the Buffalo Niagara area has topped $200,000 for three straight months – the first time that has ever happened – and hit a record $225,000 in July, according to the Realtors group. Those increases are virtually unheard of in Western New York over the last 21 years. The last time the Buffalo Niagara area broke the century mark for the median price – in summer 2005 – it took another five years before that measure topped $125,000.”

“Sanity returning? Agents say the pace of activity may be slowing down, with fewer offers hitting the table then during the peak a few months ago. Supply has also increased. Sellers are again listing homes at a steady pace, consistent with prior years. ‘I’m seeing less outrageous multiple offers, because pricing has begun to adjust to the market,’ said Jerry Thompson, broker-owner of Century 21 Gold Standard in East Aurora.”

From AZ Big Media. “August housing data shows early signs of sellers beginning to compete for buyers, according to Realtor.com. Many of the metros where price growth was highest in August also saw a rise in listing price adjustments, including Austin, at a 4.1% increase in the share of price drops over last year.”

“With Austin median home price ($544,000) up by over one-third of last year’s levels in August, 23.8% of sellers in the metro made a price reduction, potentially to help compete with higher numbers of new sellers than last year (+19.6%). Additionally, as Austin first-time buyers pursued new inventory of relatively affordable entry-level homes, entry-level home prices ($404,000) posted a significant gain of 47.9% year-over-year in August.”

The Denver Post in Colorado. “Increasingly, it seems likely that the super-hot metro Denver housing market of 2021 may have hit its peak in June and is now moving lower. The median price of a home or condo sold in metro Denver fell for a second month in August, and prices are now back to levels seen in April. The median price of a single-family home sold in metro Denver in August was $581,000, which is down 3.15% from July and off by $19,000 from the record high price of $600,000 reached in June. The median price of condos and townhomes that sold in August was $375,000, down 1.3%.”

The Denver Gazette. “‘It feels like things have slowed more than maybe the numbers reflect,’ said Libby Levinson-Katz, a 15-year broker with Kentwood Cherry Creek specializing in the luxury market. As far as some luxury market insights (homes costing more than $1 million), Levinson-Katz said there’s more of them to be had as homes that were maybe listed at $900,000 were getting bid up to more than $1 million. ‘As prices started to escalate, more and more homes were finding their way to the luxury market,’ she said.”

The Philadelphia Business Journal in Pennsylvania. “Philadelphia-area home sellers are dropping their prices as the number of new listings grows, a sign that the overheated pandemic housing market is inching back to normal. The latest monthly housing report from Realtor.com shows that the median listing price in the Philadelphia-Camden-Wilmington metro area was $321,000 in August — a decrease of 6.4% year over year and down about 1% from July — and total new listings increased 13% year over year.”

“About 20% of homes listed in the Philadelphia metro reduced their asking prices in August, according to Realtor.com. Philadelphia is ‘migrating toward normalization’ along with other major markets, indicating a return to pre-pandemic sales patterns, said George Ratiu, a senior economist with Realtor.com.”

From Yahoo Finance on California. “For more than a year now, Bruce Karsh has been trying to unload his three-acre 90210 spread with no takers. Located in the mountains above Beverly Hills, in the Benedict Canyon area, the 1930s English Tudor-style estate took a brief absence from the open market but has now returned. The billionaire investor and his wife are asking a substantially reduced $50 million for the place, a whopping $10 million less than the original list price.”

The Edmonton Journal in Canada. “The buying frenzy seen this past spring is like so yesterday (maybe), according to a survey examining buyer enthusiasm. ‘We’ve really seen a sea change,’ says Penelope Graham, managing editor of content with Zoocasa, an online realty firm that conducted the recent poll of 1,400 Canadians, a follow-up from a previous poll from earlier this year. ‘Based on what we’ve seen in previous months, it really does look like March and April were the peak of the pandemic market, and we’ve been seeing consecutive months of market softening for sales activity and price growth on a national scale.'”

“While the study did not include a breakdown of data regionally, the Edmonton market has showed signs of slowing after setting record sales for previous months, including June. Sales in July were up modestly from the same month last year at about two per cent, yet down almost 19 per cent from June this year. Prices also softened month over month in July by about two per cent.”

From ABC News in Australia. “A group of apartment owners in Sydney’s north has had to find millions of dollars to rectify defects in their complex which emerged since it was completed 10 years ago. The developer behind the project — 82-84 Belmore Street Pty Ltd — was liquidated two years after the apartments were built. It is the latest apartment complex in Greater Sydney revealed to have left owners out of pocket due to defects within the first few years of settlement. The owners estimate it has cost them several million dollars to rectify the defects over the past decade.”

“NSW Shadow Minister for Better Regulation Courtney Houssos said more still needed to be done to protect apartment buyers across the state. ‘You have more protection buying a $100 appliance than a $1 million dollar property in Sydney,’ she said. ‘Buying an apartment in Sydney should bring joy and financial security, not heartbreak and financial ruin.'”

Related Posts
This Post Has 94 Comments

  2. ‘Those increases are virtually unheard of in Western New York over the last 21 years. The last time the Buffalo Niagara area broke the century mark for the median price – in summer 2005’

    Again, the sh$t hole factor shows us just how nuts this thing is. And these numbers don’t tell the whole story. These tired shacks are also 16 years older now. And many last decade sold for 10 – 20k at foreclosure. The article says prices up 27%.

  5. ‘You have more protection buying a $100 appliance than a $1 million dollar property in Sydney’

    And you can’t evict somebody using it Courtney! Joy!

    ‘Buying an apartment in Sydney should bring joy and financial security, not heartbreak and financial ruin’

    Airboxes are a clear sign of a mania, always have been. What are the chances these things in Sydney are going to fall apart in 30 years? And you don’t even own real estate. Add in the problems sorting everything out in a committee that’s a revolving door.

    1. “ ‘You have more protection buying a $100 appliance than a $1 million dollar property in Sydney’.”

      Same in Florida and perhaps rest of USA
      BROKER Sotheby’s listed a new construction house for sale.
      Florida law ‘protects’ consumers with a builder one year guarantee of defective construction.
      I did some research and the builder had an outstanding judgment in the next county over for $500,000.
      An LLC for this specific property would be retired at closing.
      So how valid is the consumer protection if the builder is bankrupt and the LLC is defunct?
      Is Sotheby’s underwriting this crap liable?
      We passed.

    2. It sounds like they are falling apart already. No escape as they are fined $1,900 AUD for going outside without their Gestapo papers.

    3. ‘Buying an apartment in Sydney should bring joy and financial security, not heartbreak and financial ruin’

      I feel joy whenever skybox speculators experience heartbreak & financial ruin. Does that count?

  6. ‘The City of Denver has conducted dozens of homeless sweeps this year, but encampments are still present throughout downtown. Small businesses are beginning to recover from COVID-19. Now, some are met with other safety issues they literally can’t afford. ‘

    ‘Rita Price was in her bar, Rita’s Law, when an unhoused neighbor broke in. She says nearby encampments are hurting her business near 22nd and Welton. She’s worried they’ll hurt her staff. “Since I’ve got back from the shutdown, there’s construction and homeless camps. It’s a different place than when I leased it,” said Price. “I’ve had people coming in and screaming and threatening my staff.”

    https://denver.cbslocal.com/2021/09/03/homeless-encampments-small-business/

    1. Rita Price was in her bar, Rita’s Law, when an unhoused neighbor broke in.

      I see what you did there, Real Journalist & globalist propaganda outlet. “Unhoused neighbor”? Try “homeless junkie.”

    2. “I’ve had people coming in and screaming and threatening my staff.”

      Does Colorado’s “Make My Day Law” only apply to residences? Probably. Now she’ll have to hire a bouncer to throw the riff-raff out.

  7. ‘Chia cryptocurrency miners are dumping their hard drives and solid state drives in droves as a result of the precipitous price reduction. As a result, they were forced to swallow losses and switch to alternative currencies.’

    ‘Hoang Trung tells us that he has noticed a spike in posts from people selling their hard drives. In May, Chia’s price doubled to $ 1,685 USD in a week. However, it began to decline shortly afterwards. Today, it is trading at $ 215, a loss of 87 percent.’

    “I am selling machinery that I purchased three months ago at a loss,” Quang Thuan, a miner from Chia in southern Dong Nai province of the Republic of Vietnam, explained. Thuan entered the market in May, during a period of soaring Chia prices.’

    ‘Unlike other currencies that require a lot of GPU processing power, mining this coin requires a lot of storage. As a result, a hard disk with 6 terabytes of storage rose by 60% in its day.’

    “I have not been able to find buyers in the last three days. I may have to reduce the price in order to mine additional currencies,’ says Thuan.’

    https://www.guru3d.com/news-story/chia-cryptocurrency-miners-ditch-their-ssds-and-sell-them-at-loss.html

  8. ‘With Austin median home price ($544,000) up by over one-third of last year’s levels in August, 23.8% of sellers in the metro made a price reduction, potentially to help compete with higher numbers of new sellers than last year (+19.6%)’

    The REIC are crooked dogs. How can prices be up a third if 23% slashed their prices? The median is a lagging indicator – they know this. That’s why they use it and not price per square foot. They have the latter of course, but chose not to publish it.

  10. ‘we’ve been seeing consecutive months of market softening for sales activity and price growth on a national scale’

    National?

    ‘Philadelphia is ‘migrating toward normalization’ along with other major markets’

    Seems kinda widespread.

    2. You would think that people would be happy that they have effective short term medications that kill Covid , with a cheap drug that’s been FDA approved for 50 years. But no, the brainwashed want to be lab rats for untested vaccine.

      This is a “Covid Cult” based on fraudulent fake news with censorship of dispute.
      In California the news is so fake that its a crime.

    3. In VT, proud liberal blue state of the 85% death jabbed, they are now pushing to re-establish a state-wide mask mandate.

      They can’t wrap their head around the irony of getting the jab and then slapping the diaper back on.

      The cult wants us all to suffer until they’re 6 feet under.

      1. The cult wants us all to suffer until they’re 6 feet under.

        It won’t be too much longer from what Gates tells us. He put a 3 year max on it.

  12. Democrat Arrested For Attacking Police On 1/6 Seeks Lighter Sentence Because He Posed As A Trump Supporter

    by Andrew White | National File
    September 6th 2021, 3:05 pm

    According to the report, Reeder was set to receive his lighter sentence for posing as a MAGA protestor until a video showed him violently attacking police officers. On January 6, Reeder exhibited inflammatory and violent behavior to paint the surrounding Trump supporters as violent and unhinged. “Reeder was a typical Biden agitator who wanted to interrupt the Republican objections inside the Capitol. And he wanted to frame Trump supporters as violent insurrectionists,” reported Gateway Pundit.

    The new video was filmed just outside one of the main entrances to the Capitol building. A group of 5-10 individuals can be seen pounding on the door with bats, some equipped with riot shields. Almost all of these individuals were wearing helmets and other tactical gear. The rest of the crowd can be seen standing idly by, simply protesting.

    https://www.infowars.com/posts/democrat-arrested-for-attacking-police-on-1-6-seeks-lighter-sentence-because-he-posed-as-a-trump-supporter/

    1. Financials
      September 7, 2021 2:08 AM
      Updated 5 hours ago
      UPDATE 1-China Evergrande bonds, shares deepen rout as fresh downgrades issued
      By Andrew Galbraith

      SHANGHAI, Sept 7 (Reuters) – Bonds and shares of China Evergrande Group deepened their rout on Tuesday, with one exchange-traded note tumbling more than 20%, as the company faced fresh downgrades over its ability to restructure its massive debts.

      Debts at Evergrande, the country’s No. 2 developer, have triggered warnings from regulators worried that its 1.97 trillion yuan ($305.02 billion) of liabilities could spark broader financial risks if not stabilised.

      Moody’s Investors Service said on Tuesday it had downgraded the corporate family rating (CFR) of China Evergrande Group and its subsidiaries, following a damaging ratings downgrade by domestic agency China Chengxin International last week.

      “The (Moody’s) downgrades reflect Evergrande’s heightened liquidity and default risks given its sizable amount of maturing debt over the next 6-12 months,” Cedric Lai, Moody’s vice president and senior analyst said in a statement.

      “The downgrades also reflect the weak recovery prospects of Evergrande’s creditors, if there is a default,” added Lai.

      Evergrande’s shares fell nearly 9% at one point on Tuesday to touch their lowest level since July 2015, and the company’s Shenzhen-traded 5.9% May 2023 bond, fell as much as 20.45%, extending a drop of more than 35% a day earlier.

      China Chengxin International’s downgrade last week made Evergrande’s onshore bonds ineligible for use as collateral in repo transactions, prompting a sell-off that triggered trading halts on Friday and Monday.
      …

    2. China debt crunch
      China’s souring developer loans raise fear of financial contagion
      Bank profit turnaround tarnished by surge in property sector NPLs
      China’s developers are contending with a slew of tougher rules, including curbs on borrowing, leverage and land purchasing.
      NARAYANAN SOMASUNDARAM, Nikkei Asia regional finance editor
      September 6, 2021 15:33 JST

      HONG KONG — China’s crackdown on overextended property developers has led to a surge in loan losses, raising fears of contagion across the nation’s $50 trillion financial sector.

      Developers enjoyed a return to pre-pandemic profit levels in the first half of the year, buoyed by the nation’s economic recovery. Now, however, they are contending with a slew of tougher rules, including curbs on borrowing, leverage and land purchasing, that has sparked a liquidity crisis and missed debt payments.

      Nonperforming loans to the real estate sector, which has for years been the backbone of growth for the world’s second-largest economy, surged 30% across the five largest banks to 97 billion yuan ($15 billion) in the first six months of the year, according to filings.

      A similar story is playing out at smaller banks. Bad loans at Ping An Bank, which is majority owned by Ping An Insurance, tripled while those at Bank of Shanghai rose 26%, filings show.

      Real estate was the second-largest source of NPLs, behind only the manufacturing, wholesale and retail category, filings by Industrial and Commercial Bank of China, China Construction Bank, Bank of China, Agricultural Bank of China and Bank of Communications showed.

      “The property sector may once again be at center stage, testing the nerves of both China’s government and global investors,” said Ting Lu, Nomura’s chief China economist. “Markets should be prepared for what could be a much worse-than-expected growth slowdown, more loan and bond defaults, and potential stock market turmoil.”

      Mainland listed banks are trading at a historical low of just 0.4 times the value of their net assets, compared with 0.75 times earlier this year and 1.2 times in 2019.
      …

    3. Markets
      Evergrande’s Second Downgrade in Two Days Raises Fear of Default
      Bloomberg News
      September 7, 2021, 6:44 PM PDT
      Updated on September 7, 2021, 7:47 PM PDT
      — Fitch lowers debt rating, saying default ‘appears probable’
      — Moody’s also cut Evergrande this week as cash crunch worsens

      China Evergrande Group shares briefly fell below their 2009 initial public offering price after a second credit-rating downgrade in as many days boosted concern the developer will default on its debt.

      The stock touched HK$3.46 on Wednesday morning in Hong Kong, breaching the HK$3.5 apiece offered on debut, before erasing the decline to trade unchanged at HK$3.57 at 10:41 a.m. Shares of the troubled developer have tumbled about 76% this year, while many of its dollar bonds are hovering below 30 cents.

      Fitch Ratings cut Evergrande to CC, saying a default seems probable as the company struggles to address its worsening liquidity issues. Evergrande has been repeatedly downgraded in recent months, reflecting the deepening crisis at the world’s most indebted developer as it scrambles to raise cash and keep creditors at bay.
      …

    4. The Financial Times
      Opinion Lex
      Evergrande: risks being made an example in property sector crackdown
      The Chinese local housing developer’s troubles have come at the worst possible time
      An exterior view of the China Evergrande Centre in Hong Kong
      Developer Evergrande is struggling to service its $89bn debt pile
      yesterday

      China’s most indebted group has admitted — for the first time — that it may default on some of its borrowings. Local developer Evergrande once seemed to have no lack of fallback options in the event of a liquidity crisis. Recent events have undermined those assumptions.

      Evergrande is struggling to service its $89bn debt pile. Shares are down 73 per cent this year and its dollar bond maturing in 2025 is down to about 25 cents on the dollar.

      During normal times a cash crunch would not have been so serious. Local banks and other non-bank financial institutions, such as trust companies, could be counted on for a quick fix. It could sell off property and subsidiaries. Its debt pile may have been seen as too big to fail, making a government bailout likely.

      Yet its troubles have come at the worst possible time. New property sector regulations restrict banks from giving out new loans to indebted developers. Trust companies, which have accounted for about 40 per cent of borrowings, are getting jittery. Evergrande has $1.7bn worth of trust loans coming due in the current quarter.

      A slowing housing market has made it harder to dispose of property. Evergrande’s contracted sales fell by more than a quarter in August. Discounts have failed to boost demand.

      Of its listed assets, its Hong Kong-listed electric vehicle unit, with a market value of $10bn, may once have been a fallback. Yet lossmaking Evergrande New Energy Vehicle Group has yet to sell its first car. Finding a buyer could prove more challenging than selling property.

      Government support is also looking increasingly unlikely. Some may point to the bailout of Huarong, the distressed debt investor, as grounds for hope. But Huarong was state-owned and a key part of China’s financial system. Evergrande is neither.

      Beijing’s crackdown on the property sector is just getting started. Historically, regulators have made an example of selected companies to signal their intent. That may turn out to be Evergrande’s fate.
      …

    1. The scam worked so well the first time, let’s just rinse and repeat until we all have collapsed from the jab.

      Genocide was never so easy. Congrats globalists.

      1. When people ask me why I haven’ been vaxxed, I remind them that the jab doesn’t protect you from Delta AND the jab is very dangerous.

        2. The jab protects you 90+% from serious Delta and 65+% from mild Delta. It might not be worth it for you, but it’s worth it for a lot of people.

          1. Serious Delta? Mild Delta? Seriously?

            You lost credibility when you stated the VAERS database is being rigged by anti-vaxxers.

          2. Just wondering if the the dartboard has a plus sign next to the numbers or is that just an exclamation mark in the bullshitology world?

          3. VAERS itself is self-reported and unvetted. That is, it has the ability to be rigged. The “rigging” takes place when anti-vaxxers start multiplying by 10 or 100 willy-nilly.

          4. self-reported and unvetted

            Not according to Dr. Peter McCullough, who actually submits them.

            multiplying by 10 or 100 willy-nilly

            Based on a study commissioned by the CDC.

            Electronic Support for Public Health–Vaccine Adverse Event Reporting System (ESP:VAERS) (emphasis added)

            Adverse events from drugs and vaccines are common, but underreported. Although 25% of ambulatory patients experience an adverse drug event, less than 0.3% of all adverse drug events and 1-13% of serious events are reported to the Food and Drug Administration (FDA).
            Likewise, fewer than 1% of vaccine adverse events are reported.

      2. The irony is that it appears for the most part, it is their useful idiots who are succumbing to the soft kill shot and the deplorables who are refusing it.

    2. And notice how the Lady blamed the unvaccinated for the variants.
      But just based on historic information on pathogen spreading Pandemics , mutations took a very long time to come about prior to vaccine programs.
      Notice how we didn’t get run away mutations with the Swine Flu of 1976. This in part might be due to the fact they discontinued the vaccine program after they had 25 deaths.
      The Black plague took 40 years to come back, and the evidence shows that a lot were immune from the original outbreak still after 40 years.
      The Spanish flu went away, and apparently has never returned in 100 years, but than again some. Researchers are saying the Spanish flu was pneumonia, rather than a flu.

      But, in the case of Covid you have mutations evolving faster than the speed of lighting. In California just today they announced a new variant from Columbia.

      They haven’t isolated the original strain of Covid under a microscope, along with all these variants.
      So in the mysterious world of the invisible enemy, how can they blame the unvaccinated for the fact that you have all these never ending mutations.
      So, people were catching something no doubt , but what was it.? A strain of the regular flu, or maybe a bio weapon Covid related strain of flu.
      Just saying that this mutation fear mongering is the perfect excuse for non stop vaccines based on the mutation theory, rather than the fact that the vaccines aren’t effective.

      1. They haven’t isolated the original strain of Covid under a microscope, along with all these variants.

        They’ve been sequencing them!

          1. “unhinged”

            The word means unbalanced or deranged.

            Well I guess all these Drs and Scientist that are being censored and suppressed must be deranged also because I’m seeing that what they are saying make sense, or at least worth pondering.
            What I think is deranged and unbalanced is a Global Pandemic that locked down the globe , over a minor death risk , where fake news got people to take untested gene therapy, when effective medications had a high cure rate, so thousands died being denied cure.
            Many have been complaining about the lack of isolation of the virus with proof that its the pathogen that’s causing the symptoms, so I’m not the only one that is talking about this.

            What I think is deranged is a medical system that is under the thumb of Big Pharmacy that has victimized thousands of people , and we have scoundrels and fraudsters controlling the first amendment.

            You don’t think the medical tyranny is deranged and sinister, no its me I’m unhinged . Its not the “Covid Cult” of brainwashed dumb asses who would like the unvaccinated to be taken to isolation camps, or forced to take the jab. The jab that’s so effective and safe .
            The Red Cross is separating vaccinated plasma from the non vaccinated, because they want the unvaccinated blood . So take those onions and chew them , and ask yourself why.

        2. My understanding is that they’ve been sequencing DNA found in bodily tissue/fluids, but that they haven’t isolated the virus itself.

          1. They also haven’t done the tests were you take the isolated virus ,than inject it in test subject to see if that specific pathogen causes the symptoms, and can be transferred to the test subject being a animal or human.

          2. Isolation and characterization of SARS-CoV-2 from the first US COVID-19 patient

            Koch’s postulates, Covid, and misinformation rabbit holes

            Opinion: Take a 19th century German scientist, a 21st century disease and add the internet – the result is a dangerous upsurge in Covid-denial nonsense, writes Associate Professor Siouxsie Wiles.

            (excerpt)

            But wait! What about viruses?

            The worst thing about Koch’s postulates is that they were formulated before viruses were known to exist. Viruses aren’t like the bacteria that Koch was busy discovering. Viruses need to take over a host cell to replicate. In other words, they turn cells into virus-producing factories. And depending on what proteins a virus has on its surface, it may only be able to infect very specific cells from certain host species, or a wide range of cells from lots of different species.

            That’s why when virologists want to isolate a virus from a sample they’ll take the sample or some part of it and add it to some cells – usually ones that are relatively easy to grow in the lab – and then look to see if the cells die and/or if there are any virus particles released into the liquid nutrient bath the cells are growing in.

            In other words, viruses can’t be grown in pure culture as described by Koch’s postulates because they need a cell to grow in. Does that mean viruses don’t cause disease? No.

          3. “Does that mean viruses don’t cause disease? No.”

            Umm, it doesn’t prove they DO cause disease either. And the burden of proof is obviously on those asserting a causal relationship and using that to justify worldwide lockdowns/masks/etc.

            RR, I understand you have expertise in microbio, please enlighten us based on that rather than copy/pasting MSM blather.

          4. Ok, it’s an academic source. (U. Auckland). But is he saying that viruses don’t exist outside of host cells, so “isolation” is not required? And does that contradict your NIH link?

          5. you take the isolated virus ,than inject it in test subject to see if that specific pathogen causes the symptoms

            That seems a bit redundant seeing as the sample from which the virus is isolated and characterized is taken from a symptomatic individual.

      2. under a microscope

        From Isolation and characterization of SARS-CoV-2 from the first US COVID-19 patient

        Figure 1 (D) Electron microscopic image of the viral isolate showing extracellular spherical particles with cross sections through the nucleocapsids, seen as black dots.

          1. And has this experiment been repeated and produced consistent results? Are there step-by-step procedures for isolating the virus, and does the presence or absence or this virus in a test subject correlate strongly with symptoms or lack thereof? Thereby establishing a “gold standard” by which to test the PCR tests?

            And have these isolated viral particles been then reintroduced into otherwise healthy test subjects, with placebo controls and under double-blind conditions, and consistently and repeatably produced symptoms of illness? Thereby establishing the viral particles, and no other agents, as being the cause of a well-defined cluster of symptoms distinguished from other diseases?

            Yeah. Didn’t think so.

          2. I have heard both sides of the arguments about proof of the virus. I go back and forth in my own mind . The one thing that is clear is something is making people sick. I like to keep a open mind about what that might be , just saying.

            So, I understand exactly what your post above is saying RR. . And you know I appreciate all the information you post.

          4. something is making people sick

            Sick person, take sample, identify foreign agent by next-generation sequencing (NGS). Repeat for another sick person. 💡 Same or highly similar foreign agent 💡 Conclude foreign agent is causing the disease. With foreign agent’s genetic sequence, design nucleic acid amplification primers specific to foreign agent. (CDC apparently botched this step but theirs isn’t the only test.) Test other sick people (or in COVID world test everyone even though people may have cleared the virus) using nucleic acid tests because NGS is more expensive and time consuming. Occasionally sequence samples to show foreign agent’s evolution (mutations; variants!) over time.

            Everything else being demanded seems like mental/scientific masturbation serving no purpose other than satisfying naysayers.

          5. And if healthy people also have the same “foreign agent”? Then what? Is asking for controlled experiments also “mental masturbation”?

          6. controlled experiments

            Who’s going to pay for them? If it’s even ethical, who’s going to volunteer to be infected?

          7. The CDC’s non-specific test as well as testing of healthy people artificially inflated the number of cases.

          8. If you’re talking about deliberately infecting people, well many such experiments have been done throughout the 20th century (usually unsuccessful in attempts to cause disease). I was talking about testing healthy people for the same alleged foreign agent which is suspected of being the cause of symptoms in sick people. Really you are reminding me of that spoof scare about dihydrogen monoxide which circulated a few years back. OMG, dihydrogen monoxide is found in cancer cells, therefore it causes cancer and must be banned.

          10. Correct. Patient A has cancer –> test for presence of dihydrogen monoxide. Positive! Patient B also has cancer, so test Patient B as well. Also positive! Well that settles it then, dihydrogen monoxide causes cancer. We must immediately ban all consumption and supply of this noxious substance.

            That is literally the exact same logic you used three posts up above. And you said that any questioning of this logic would constitute mental/scientific masturbation.

          11. I should have added foreign agent is 80% similar to SARS-CoV. So what again is the point of controlled experiments?

          12. And you said that any questioning of this logic would constitute mental/scientific masturbation.

            That is not what I said. Controlled experiments to prove something that in all probability you already know causes the disease would constitute mental/scientific masturbation and only serves the purpose of satisfying naysayers. Again who’s going to pay for that? Who’s going to volunteer to be infected with a novel virus that may not be treatable? We only know now how to treat it thanks to doctors like Simone Gold and Peter McCullough. That you think this example is equivalent to water and cancer is asinine.

          13. Water is an ubiquitous three-atom molecule whereas SARS-CoV-2 is a 29,903 base pair virus. What are the odds of finding roughly the same 29,903 base pairs in different people presenting with the same clinical symptoms?

  15. Today is Tuesday, September 7th and Joe Biden is not the legitimately elected president of the United States.

    The 2020 election was stolen.

  17. from WSJ

    “Just 2.7% of home sales were flips—sales within a year of a prior sale—during the first quarter, according to property data firm Attom. That is the lowest portion of sales since at least 2000, when Attom started counting flips. The number of flipped houses and condos were the fewest in a quarter since 2003.”

    I figured the opposite, we would be at record number of flips the way everyone is borrowing at record low rates, strong price appreciation and TV shows highlighting how “easy” it is

    https://www.wsj.com/articles/wall-street-cant-get-enough-fixer-upper-houses-11631007001

    1. “Ryan Dezember is based in New York and writes about raw materials and real assets, such as timberland, energy infrastructure and rental houses.”

      Do you think he’s telling the truth? With all the desperate flopping around here and across the internet by a few very active liars you’ve witnessed…… Do you believe him?

      1. Good Observation on his bio. I dont know if he’s skewing (lying) or misinformed or correct. It would make some sense that there are less flip worthy deals to be had – with the market so hot & rent rising & people have caught onto the game , who is going to sell to a flipper?

  18. let the worn-out cliche’s flow like tears in the rain
    “who coulda know’d?”
    “like everyone else”
    “we’re all in this together”

  19. even the experts are getting confused..

    “The main reason for prolonged silence, and introspection, is that I am not sure I can find the truth. I do not know if it can be found anymore. Today I am unsure what represents a fact, and what has simply been made up. A sad and scary state of affairs.”

    “After reading this, do I still think SARS-CoV2 exists? Yes, I do. I firmly believe that I watched people dying of it, from it. They died in a way I have never seen people do so before, and I have seen a lot of people die. They seemed quite well, then suddenly their oxygen sats dropped like a stone – they still seemed okay otherwise – then they died. The end.

    Very strange, and rather disturbing. I started slipping an oxygen saturation monitor onto my finger from time to time. Just in case.”

    https://drmalcolmkendrick.org/2021/09/03/i-have-not-been-silenced/amp/?

      1. thanks, but for me, it’s more troubling than interesting. the less truth we can see, the more mistakes will be made.

        1. Yep your right, its very troubling. Horrific consequences when mistakes or deliberate acts are done in regards to life and death matters.

  20. I can only post anecdotal evidence around where I live. However, based on many of the “Zestimate History” chart, it looks like Bay Area bubble peak in early 2018 and has gone down since. Though in not a straight line (house prices are sticky down) but with all the low interest rates, stimulus, mortarium, forbearance, etc., it’s starting to come down back to normal (i.e., deflating).

    https://www.zillow.com/homedetails/2222-Beech-Cir-San-Jose-CA-95131/89475627_zpid/

    Price history
    Date Event Price
    8/26/2021 Price change $999,999 (-16.6%)$552/sqft
    Source: MLSListings Inc Reporta problem
    8/12/2021 Price change $1,199,000 (+4.4%)$662/sqft
    Source: MLSListings Inc Reporta problem
    5/27/2021 Listed for sale $1,149,000 (+70%)$634/sqft
    Source: MLSListings Inc Reporta problem
    3/28/2014 Sold $676,000 (+1.2%)$373/sqft
    Source: Public Record Reporta problem
    3/12/2014 Price change $668,000 (+3.1%)$369/sqft
    Source: HappyGo Realty, Inc. Reporta problem
    3/1/2014 Listed for sale $648,000 (+18.9%)$358/sqft
    Source: HappyGo Realty Inc Reporta problem
    8/8/2008 Sold $545,000$301/sqft

  22. The Fouch would look good in tar and feathers.

    Rand Paul Reacts To Fauci’s Confirmed Wuhan Ties: ‘Surprise, Surprise – Fauci Lied Again!’

    by Jamie White
    September 7th 2021, 2:06 pm

    Kentucky Senator Rand Paul (R) took a victory lap Tuesday following the release of documents revealing the extent of Dr. Anthony Fauci’s ties to the Wuhan Institute of Virology lab in China.

    “Surprise surprise – Fauci lied again,” Paul said in a tweet, which included a link to an Intercept report with 900 pages of FOIA documents revealing Fauci funded coronavirus gain-of-function research at the Wuhan lab.

    https://www.infowars.com/posts/rand-paul-reacts-over-faucis-confirmed-wuhan-ties-surprise-surprise-fauci-lied-again/

  25. “NEWLY RELEASED DOCUMENTS provide details of U.S.-funded research on several types of coronaviruses at the Wuhan Institute of Virology in China. The Intercept has obtained more than 900 pages of documents detailing the work of EcoHealth Alliance, a U.S.-based health organization that used federal money to fund bat coronavirus research at the Chinese laboratory. The trove of documents includes two previously unpublished grant proposals that were funded by the National Institute of Allergy and Infectious Diseases, as well as project updates relating to EcoHealth Alliance’s research, which has been scrutinized amid increased interest in the origins of the pandemic.

    The documents were released in connection with ongoing Freedom of Information Act litigation by The Intercept against the National Institutes of Health. The Intercept is making the full documents available to the public.”

    https://theintercept.com/2021/09/06/new-details-emerge-about-coronavirus-research-at-chinese-lab/

    1. It has been over a year now, and I can’t recall seeing any detailed explanation for China sealing-off the City of Wuhan from the rest of interior China due to a lethal virus rapidly spreading, but their International airport remained open serving arrivals and departures to destinations around the planet.

Comments are closed.