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You Get Crashes After Unbelievable Price Growth

A report from the Fort Myers News Press in Florida. “In a nutshell: ‘The peak insanity is over,’ said Denny Grimes, president of his team at Keller Williams Realty. That’s bad news for sellers. ‘We are starting to see prices level,’ Grimes said. ‘We are starting to see inventory slightly grow. If sellers wanted to sell at the very peak, they missed it,’ he said ‘It’s going to correct and it’s already started.'”

“Signs of a correction appeared a few months ago, when buyers began to balk at the high prices driven up by a combination of strong demand and low inventory. ‘We just experienced a market in a million,’ he said. ‘That is over and now we are moving from insane, back to rational.'”

The Red Rock News in Arizona. “The new median priced home in Sedona is averaging $850,000, and million-dollar homes are in high demand. With the rising cost of homes, low inventory, more and more short-term rentals and limited rental housing available, will Sedona’s bubble burst? Will there be an adjustment in home sale prices? Are we going to experience another market crash similar to 2007-2008?”

“Many real estate agents interviewed said that at least half or more of the buyers are coming from California. ‘Locally title companies are telling us of a sharp decline in new escrows in Sedona and statewide for June and July,’ according to Roy Grimm, a broker with RE/MAX Sedona. ‘And, we are seeing more and more list prices decrease as sellers begin to back off some of the overweening valuations.'”

The Santa Monica Mirror in California. “Santa Monicans face the usual fears of crime, Covid-19 and its collapsing job and housing impact including the coming eviction avalanche. Unfortunately, interest groups in Sacramento keep trying to monetize these crises by forcing cities and counties to amp up construction using a janga pile of dangerous new zoning regulations that are unnecessary and beyond financial and ecological sustainability. These financial interests, including financiers, realtors and construction unions want to cash out before the whole enterprise, fueled by federal debt, screeches to a halt.”

“The Governor actually started the Big Lie when he ran 3 years ago on the bogus numbers that the State needed 3.5 million new housing units: the real number was about 23% of that, or 820,000 over the next 8 years. That would require 102,500 units per year. So far, in 2021, construction permits are averaging around a 123,000 annual rate, before any feeding frenzy legislation was passed.”

“During the last five years, the State, County, LA City, and SM City populations have all either essentially flatlined or declined; Santa Monica has lost roughly 400 residents in that period. Again housing quantity is not the problem. But, all this has not stopped the lie from metastasizing. The problem is not the supply of housing, it is the over supply of investment capital chasing high profit residential housing throughout the state, but especially along the coast.”

“Part of the Big Lie is that if we build more housing, outside capital will magically stop deciding to land on California’s monopoly board. By upzoning the entire City along S9 & SB10’s lines, all we are doing is providing more speculative opportunities. In Santa Monica, with all our construction and traffic gridlock over the last 10 years, our population rose slightly from 89,736 to 93,076, a gain of 3,340 or +3.7%. Our household count rose from 46,917 to 47,438, a gain of 521 or +1.1%.”

“During this same 10-year period, vacancies rose 956 units, from 3,995 to 4,951 (+23.9%). A city whose increase in vacant units is 6.5X the population growth does not have a housing quantity problem (which SB9 & SB10 try to maximize). It has an affordability problem: incomes have simply not kept up with housing prices.”

The Buffalo News in New York. “Fannie Mae has taken control of the Towne Gardens low-income housing complex east of downtown Buffalo, more than three years after the former owner defaulted on a mortgage. The government-sponsored entity completed a $16.4 million foreclosure of the 360-unit subsidized property at 161 Hickory St. and 407-409 William St., after placing the highest bid at a foreclosure auction. The foreclosure will not affect tenants.”

“The sprawling 22.61-acre complex – which also has a 440 Clinton St. address – had previously been owned by Moshe M. Florans of Brooklyn and his Towne Gardens LLC, which acquired it at a previous foreclosure auction in February 2007 for $4.8 million. Florans had borrowed $11.5 million from Arbor Commercial Funding in a 10-year mortgage in December 2007, with the remaining principal and interest due by Jan. 1, 2018. As of late 2017, he owed $9.8 million, plus interest, late fees and other unspecified sums, according to documents filed at the time in state Supreme Court in Erie County.”

From RBC Economics in Canada. “As the summer draws to a close, it’s becoming increasingly evident the fireworks have ended in housing markets across Canada. Signs of fatigue have emerged. Waning buyer fervour is producing a diminished pace of price increases. Some markets such as Ottawa, Montreal and Edmonton have even seen property values level off in recent months. We expect this trend to spread to other markets as affordability issues weigh more heavily on buyers.”

“August provided the strongest sign yet Montreal’s housing market is off the boil. Home resales fell 30% y/y. By our own calculation, this corresponded to a sizable 15% decline from July on a seasonally-adjusted basis. The slowdown in activity was widespread across the region and housing segments. Prices have levelled off since June though this mainly reflected the situation for single-family homes.”

The National Post in Canada. “The CityPlace developer Concord Adex made headlines when it unveiled SkyBridge, Canada’s highest and largest suspended suite, sitting 300 feet in the air at its Parade project, located at the foot of Front and Spadina. In its latest offering, Condord Adex is going big again, this time at the 52-storey Central, a condominium rising at the corner of Widmer and Adelaide, where every penthouse purchaser will receive a free, high-performance electric Porsche Taycan with their suite.”

“‘This is one of the first buildings we started branching out from CityPlace. That’s why we tacked a lot of goodies onto it,’ says Isaac Chan, senior vice-president of marketing for Concord Adex. He notes there were six two-level luxury suites on the 52nd storey up for grabs; two have sold, and with them went two Porches.”

The Local Denmark. “House prices in Denmark have soared upwards during the Covid-19 pandemic, but there are now signs of a slowdown. A recent slowdown in house prices, which have otherwise sharply increased over the last 18 months, could be enough to prevent government intervention to control the market, according to an expert. ‘This certainly relieves concerns that there could be a genuine housing bubble,’ Aarhus University economics professor Michael Svarer told news wire Ritzau.”

“‘There is concern that (house) prices are increasing at such a speed that people are buying for a speculative profit and thereby keeping prices artificially high,’ Svarer explained. ‘In light of that, the fall in prices reduces the need for regulation.'”

From In The Black. “The Australian property market has grown exponentially over the past few decades, defying the global financial crisis (GFC) and now a pandemic. What makes it so resilient, and should steps be taken to cool it down? For almost two decades, the unstoppable march of the residential market has been one of the dominant narratives of the Australian property sector. It is an enduring story of smashed sales records, desperate first home buyers and packed crowds at auctions, fearful of missing the boat.”

“Dr Cameron Murray, an independent economist says we need to cast our minds back to three years prior to the pandemic, when the Australian property market experienced a large price adjustment. ‘You don’t usually get crashes after three years of nothing. You get crashes after three years of unbelievable price growth,’ he notes.”

“Murray points out that, in the US state of Arizona, prices rose by 30 per cent over the course of this year, while Auckland has seen a more than 20 per cent rise in housing prices. There have been steady rises in Europe as well, particularly in Germany and Denmark. ‘It’s important to remember that it is very hard for [Australia] to just crash all on our own,’ Murray says.”

“Another contributing factor in Australia has been historically low interest rates, which makes money cheap to borrow. ‘I think we also forget that Australia had an outsized stimulus last year,” Murray says. ‘I calculated it was five times bigger than the post-GFC stimulus in terms of cash payments to households.'”

“Dr Andrea Sharam, senior lecturer with the School of Property, Construction and Project Management at RMIT University, highlights the inherent conflict in housing being both an essential need and a highly lucrative investment. ‘Australia does not have a coherent national housing policy, and this is unlike many countries that see it as a very important duty to house people,’ Sharam says. ‘In terms of policy, we have one foot on the accelerator and one on the brake.'”

“Far from making home ownership more accessible, these schemes ‘add fuel to the fire,’ says Sharam. Murray agrees and says these are the sorts of policies governments announce when they ‘don’t want to do anything serious about the housing market.’ However, Murray is not a fan of manipulating the asset price through tax settings, and sees this as a political ‘hot potato’ that no government would touch.”

“The housing market is already worth A$8 Trillion, he says. ‘If you try to intervene in that market to halve the cost of housing, there’s A$4 trillion disappeared off the balance sheets of the wealthiest 60 per cent of home owners, concentrated in the wealthiest 18 per cent who are landlords, and it’s a political impossibility. There’s never been a wealth redistribution in history that large without a war or a revolution.'”

“Instead, Murray floats the possibility of a ‘parallel system’ in which the property buying and investor classes are untouched, but the federal government opens ‘a secret door’ to the market at cost price. ‘For example, a national housing developer could build 50,000 dwellings a year [on the condition] that they can only sell to people who don’t already own housing, at construction cost price with a discount line,’ he says. ‘Then, you flood the market with supply.'”

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This Post Has 94 Comments

  2. ‘after placing the highest bid at a foreclosure auction’

    The winnah! What this means is fannie was the only bidder, what’s sometimes called a debt bid.

    ‘which acquired it at a previous foreclosure auction in February 2007 for $4.8 million. Florans had borrowed $11.5 million from Arbor Commercial Funding in a 10-year mortgage in December 2007, with the remaining principal and interest due by Jan. 1, 2018. As of late 2017, he owed $9.8 million’

    So we see here the crooked racket of GSE’s guaranteeing cash out refi’s. What function does this serve? Why shouldn’t Arbor eat this sh$t sandwich? As I’ve often shown, this is how the entire industry operates now. It snowballed into a guberment backed, cash-out luxury disaster. Way to go Mel Watt/Obamie.

    1. “So we see here the crooked racket of GSE’s guaranteeing cash out refi’s. What function does this serve? Why shouldn’t Arbor eat this sh$t sandwich? As I’ve often shown, this is how the entire industry operates now. It snowballed into a guberment backed, cash-out luxury disaster. Way to go Mel Watt/Obamie.”

      – Free markets, I hardly knew ye.

      “The enduring lesson of the 20th century is that socialism is a failure, and free markets are a success. But the politicians keep advocating just a little more socialism.” – Milton Friedman

      – And why is that? Because free markets provide insufficient opportunities for graft and corruption.

      “Government is simply the name we give to the things we choose to do together.” – Barney Frank

      “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’ ”- Ronald Reagan – 40th president of US (1911 – 2004)  

      “Suppose you were an idiot, and suppose you were a member of Congress; but I repeat myself.” – Mark Twain

      “Politicians are the lowest form of life on earth. Liberal Democrats are the lowest form of politicians.” – General George S. Patton

      “Everything a government touches, turns to crap.” – Ringo Star

      “Politics, it seems to me, for years, or all too long, has been concerned with right or left instead of right or wrong.” – Richard Armour

      – Oh, and BTW, #FJB

  3. ‘interest groups in Sacramento keep trying to monetize these crises by forcing cities and counties to amp up construction using a janga pile of dangerous new zoning regulations that are unnecessary and beyond financial and ecological sustainability. These financial interests, including financiers, realtors and construction unions want to cash out before the whole enterprise, fueled by federal debt, screeches to a halt’

    ‘The Governor actually started the Big Lie when he ran 3 years ago on the bogus numbers that the State needed 3.5 million new housing units: the real number was about 23% of that, or 820,000 over the next 8 years. That would require 102,500 units per year. So far, in 2021, construction permits are averaging around a 123,000 annual rate, before any feeding frenzy legislation was passed’

    These guys exist in several big lies. Oh we so rich! Uh, yer actually the poorest state in the union. You got too many shacks. Yer building too many shacks. Nobody takes yer moral superiority shtick serious either. Now go run up a $14,000 bar tab on a lobbyist tab.

    1. They are busy trying to cover up the mass exodus of people leaving the state of disaster, er, I mean California.

      1. I can’t believe how many people who we know have packed up their belongings and left the state since the onset of Newsom’s pandemic measures.

        1. Per the Newsomnistas they are all losers who couldn’t hack it in the greatest state not only in the US, but the whole da*n world.

  4. ‘The peak insanity is over’…That’s bad news for sellers. ‘We are starting to see prices level,’ Grimes said. ‘We are starting to see inventory slightly grow. If sellers wanted to sell at the very peak, they missed it’

    Not again Fort Myers. The memories are all those foreclosures didn’t keep you from doing it all over again, like Arizona.

    ‘The new median priced home in Sedona is averaging $850,000’

    I just happened to be in Sedona when I started this blog. I had been thinking about the housing bubble for years having live in various places. I started asking people where they were from. About half said California. People were giddy with their sweet equity and all the overpaid work. Half the town were UHS. As word got out about this blog, local RE big shots were snickering a little, but they were polite about it. A few years latter most were ruined. I even had some call me up and ask how to handle the shack they were about to walk away from. Like there was some strategy to it. Don’t take the dishwasher.

    1. A report from the Fort Myers News Press in Florida. “In a nutshell: ‘The peak insanity is over,’ said Denny Grimes, president of his team at Keller Williams Realty. That’s bad news for sellers. ‘We are starting to see prices level,’ Grimes said. ‘We are starting to see inventory slightly grow. If sellers wanted to sell at the very peak, they missed it,’ he said ‘It’s going to correct and it’s already started.’”

      “Signs of a correction appeared a few months ago, when buyers began to balk at the high prices driven up by a combination of strong demand and low inventory. ‘We just experienced a market in a million,’ he said. ‘That is over and now we are moving from insane, back to rational.’”

      “Will the white-hot housing market in Southwest Florida continue, correct or crash?”

      “Denny Grimes, president of his team at Keller Williams Realty, offered an answer to that burning alliterative question at a Market Trends summit Thursday night.”

      – A healthy reality check on the SW FL (and U.S. in general) housing market from a Realtor no less. Things must be getting bad! 🙂

      – So where do we go from here? Have we seen this movie before?

      “There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved.” – Ludwig von Mises

      – The global slow-motion train wreck of deflating Housing Bubble 2.0 is just getting started. Add to this near simultaneous stonk, bond, NFT, crypto, etc. (pretty much everything) bubble courtesy of global central banksters, and there could be a problem. Maybe it’s different this time though… I’m looking for “a permanently high plateau.”

  5. ‘it’s becoming increasingly evident the fireworks have ended in housing markets across Canada. Signs of fatigue have emerged. Waning buyer fervour is producing a diminished pace of price increases. Some markets such as Ottawa, Montreal and Edmonton have even seen property values level off in recent months’

    Prices in K-da were down nationally from the spring, not here or there. BTW I read this morning that Montreal shacks had the highest prices per square foot in K-da. That surprised me.

  7. I guess there’s more to the “we’re all in this together” mantra than holding the door for someone or leaving some toilet paper on the shelf. I was reading through some comments on a tech article on lwn.net and the sentiment of (all, some, most?) of the younger generation was evident even there: old ways bad, no longer relevant and need to be replaced.

    Out with the old and in with the new.

    —
    In a horizon-scanning report presented to the General Assembly and at a press conference Friday, Guterres said his vision for the “breakthrough scenario” to a greener and safer world is driven by “the principle of working together, recognizing that we are bound to each other and that no community or country, however powerful, can solve its challenges alone.”

    The report — “Our Common Agenda” — is a response to last year’s declaration by world leaders on the 75th anniversary of the United Nations and the request from the assembly’s 193 member nations for the U.N. chief to make recommendations to address the challenges for global governance.

    1. I was watching some videos this morning in France and Italy of crowds of people, many young, making police run like dogs. Sure they can salt comments with garbage. But these fascists are going down.

      1. Battle of Thessaloniki: Greek riot police blast tear gas and water cannons in bid to stop 15,000 activists protesting mandatory vaccines from reaching area where PM was delivering economic address

        https://www.dailymail.co.uk/news/article-9982243/Battle-Thessaloniki-Greek-riot-police-blast-tear-gas-water-cannons-15-000-protesters.html

        Greek police fired tear gas and water cannons on Saturday to break up a demonstration of thousands of people protesting against mandatory Covid-19 vaccinations.

        Authorities said protesters hurled flares at police in Greece’s second-biggest city of Thessaloniki, who blocked them from trying to reach the area where Prime Minister Kyriakos Mitsotakis was due to deliver his annual economic address.

        1. Remember when Greece was in the news almost daily because it was about to default on it’s debt? What happened with that? Must have just fixed itself.

    2. Guterres said his vision for the “breakthrough scenario” to a greener and safer world is driven by

      People like him continuing to live a first world life style while everyone else lives in squalor.

  8. LOL@ imagine actually believing that Joe Biden won the 2020 election?

    And LOL@ believing that the ADL and SPLC are “civil rights organizations.” Because they’re not. Nobody elected these self-appointed language police to govern anything, and they need to have their non-profit status revoked.

    We are the leaderless resistance.

    And the only good globalist is a dead globalist 🙂

    1. The last couple of days I saw some media reports on the people who stole credit info on people who dies in the Miami condo collapse. All had something like “despicable” to describe the crimes. So I guess what that level of response is justified by taking advantage of people who had an awful thing happen to them.

      What have we just witnessed with the CCP virus? Killing thousands of elderly in nursing homes. Depriving the same people of seeing families. Some committed suicide. Is that not despicable? Have they not had something horrible happen to them only to be set upon by ghastly opportunists for all sort of manipulation and harm? The lockdowns alone were mass murder. The closing of hospitals, restricting therapeutics – ongoing, was mass murder. And murdering people who have been the victims of this communist/US guberment CCP virus rises to crimes against humanity.

      We now know what happened psychologically in Germany under the Nazis because we have all experienced it and are experiencing it. They are evil, not us. They deserve what’s coming to them by any means necessary.

          1. Oh please with the “genocide” stuff. 🙄 If they’re trying to develop a deadly vaccine, then they’re doing a lousy job at it. The pesky thing is keeping people OUT of the hospital instead of sending people in.

            And really, if mass death is the goal, why bother with developing a deadly vaccine when the virus itself is much more deadly? If fact, why do anything kind of development at all? Why develop vaccines, why send medical care, or do food banks, or send earthquake and monsoon rescue, or build sanitation systems or whatever? Just stand by and let the diseases, famines, wars, and natural disasters do their jobs. Much cheaper that way.

          3. Oh please with the “genocide” stuff. 🙄 If they’re trying to develop a deadly vaccine…

            You were afraid of the wrong thing from the start,

  9. At risk of offending Poison fans, I think the White House should use this song to make a video of Jill Biden getting off the plane at Andrews Air Force Base.

    https://youtu.be/p9LD-b76ERM

    Jill Biden’s fishnet stockings are receiving mixed reactions

    By Jackie Salo
    April 5, 2021

    Biden, 69, received a mixed reaction after she was seen disembarking from the plane from California Thursday at Andrews Air Force Base in Maryland in the black floral fishnet tights, black heeled booties, leather skirt and a black blazer.

    https://nypost.com/2021/04/05/jill-bidens-fishnet-stockings-are-receiving-mixed-reactions/

      1. Soros already put 500 million in to defeat Larry Elder in Newsom Recall.
        Already seeing signs of ballot fraud. I’m not very optimistic about them not rigging this recall.

        The methods of these Globlist pigs is to break the law , than set back and say “Prove It. ”

        The Biden Administration breaking the law, than opposition to it takes to long to get to the high Court, just like with the eviction restrictions. The damage is done.

        Time is of the essence when it comes to extortion of job loss if you don’t take the jab. That’s why Biden but such short time spans on compliance.

        They do this deliberately to inflict their damage before it can be determined by a Higher Court.

        28 States are suing against Biden’s Mandates, but people will be fired or extorted into taking the jab before those cases reach a High Court no doubt.
        It like a race against time for them to inflict as much damage and tyranny and illegal overreach , that they reek their destruction, havoc, mayhem and murder to reach their goals.
        So, only solution is the Public who is being victimized by their method and schemes , has to stop complying.
        And even if you took the vaccine in good faith, why would you want to take booster shots after booster shot , and have a Dictorship of Medical Tyranny, by Big Pharmacy , that has no liability for a lab rat expierment . The EUA was obtained by censorship and banning of effective drugs that worked, PCR test fraud, Covid case fraud and extortion and bribery of Hospital systems to support the Covid Pandemic fraud.
        Its not a global Pandemic when you have such a small percentage under threat. And the elderly has a high vaccination rate now, so why going after all Citizens, even Children. Mandates not justified and its Fraud by Biden and fake news saying “Its a Pandemic of the Unvaccinated.”
        Any reasonable FDA would of taken these failure vaccines off the market by now just based on the overwhelming evidence of death and injury from them.
        The Globlist Monopolies can’t give up on their weapon of takeover, being the pre planned Pandemic that was a byproduct of Fauci funding gain of function virus Covid with a Foreign rival Country for God sakes. And that sleazy liar is the US Spokesperson for this Pandemic, recommending everything anti science and killing people . And the government is so corrupt that the bastard can break the Law right in front of us and nothing happens to this criminal.
        Unreal. Can’t comply with this insanity.

        1. George Soros needs a sharp axe to the skull in broad daylight – just spill his grey matter all over the sidewalk then bury the axe in his chest and leave it there.

        2. Already seeing signs of ballot fraud. I’m not very optimistic about them not rigging this recall.

          They know that ballot box stuffing works. And it’s going to take more than us stamping our feet to stop it.

      3. d’oh, a glitch in the matrix! (site gave an error saying it was a duplicate post, but apparently posted it anyway!)

  10. If sellers wanted to sell at the very peak, they missed it,’ he said ‘It’s going to correct and it’s already started.’”

    Did Denny just violate the NAR’s internal code of conduct, which states, “Always be closing, and always be lying?”

  11. ‘We just experienced a market in a million,’ he said. ‘That is over and now we are moving from insane, back to rational.’”

    No, Denny. We had an insane housing bubble that is now bursting. The wipeout of fake Yellen Bux valuations is going to get downright Biblical as millions of underwater FBs post the jingle mail & walk.

  12. Unfortunately, interest groups in Sacramento keep trying to monetize these crises by forcing cities and counties to amp up construction using a janga pile of dangerous new zoning regulations that are unnecessary and beyond financial and ecological sustainability.

    That’s quite a word salad to describe Democrat-Bolshevik patronage & graft rackets.

  13. The problem is not the supply of housing, it is the over supply of investment capital chasing high profit residential housing throughout the state, but especially along the coast.”

    As usual, whoever wrote this article adhered to the globalist media’s journalistic omertà when it comes to any mention of the Fed and its tsunami of money-printing in being the primary driver behind Housing Bubble 2.0.

  14. Real Journalists are craven toadies & lapdogs for the corrupt, crony-capitalist status quo. But just in case any truth-tellers should “embarrass” our globalist Quisling overlords, the elites are establishing the legal framework to severely punish deviations from The Narrative.

    Journalists could face up to 14 years in prison for stories embarrassing the Government under proposed changes to the Official Secrets Act that would treat them like foreign SPIES

    https://www.dailymail.co.uk/news/article-9806517/Journalists-face-14-years-prison-embarrassing-Government-proposed-law-change.html

    1. At first I thought that would be China. But no, it’s the UK. When I visited in 2017, the average Joe on the street seemed to be seething with rage. Something is terribly wrong with that country. Of course, something is terribly wrong with our own country too.

    1. Those denominations continue to exist because of fat trust funds, not because of what parishioners drop into the collection plate, because there are no parishioners.

      1. The Lutherans have a lot of lucrative contracts to resettle refugees from Somalia, etc. since the heritage population isn’t going to replace itself.

    1. No “Major-Media”-Anyone saw it coming. None. We predicted it down to the month and filed 120+ Bankruptcy cases per month for quite a while as a result. Ben came on my “TalkToTheLawyer” along with Rich Toscano of “Piggington” fame. The radio station I worked at was filled with RE-Whores who melted down at the “Doom-Gloom”. NO ONE SAW IT AND ALL IN MEDIA LIED ABOUT IT.

  17. Globalists and their Quislings need to be held accountable for the actions of their Third World imports.

    Police: 5 in Italy Slashed With Knife; Suspect Arrested

    https://www.bloomberg.com/news/articles/2021-09-12/migrant-slashes-2-bus-ticket-checkers-3-others-in-italy?srnd=premium-middle-east&sref=ibr3A0ff

    Rome (AP) — Italian police on Sunday were investigating a Somali asylum-seeker for attempted murder after he allegedly slashed two ticket controllers aboard a bus in the beach resort town of Rimini, then wounded three other people, including a boy, as he fled.

    Investigators are ruling out terrorism as a motive and hypothesize that the 26-year-old man was under the influence of drugs during the knife attack Saturday night, according to reports on Italy’s state broadcaster RAI.

    2. Per a TX physician, HHS is restricting distribution of monoclonal antibody treatments, arguably to punish red states as well as advance the vaccine agenda. Regardless, I would strongly advise that everyone, vaccinated or not, prepare as you would for a natural disaster with the Zelenko prophylaxis protocol, AAPS’ Guide to Home-Based COVID Treatment (large OTC overlap in these 2 protocols) and knowledge of your nearest monoclonal antibody treatment facility (county and/or health institution). Dr. McCullough even suggested contacting your doctor to inquire if and how s/he will treat you should you become infected so that you can find a telemedicine provider if necessary. I’ve already read about long wait times for telemedicine appointments as well as delays in getting medications, like ivermectin, through them. Time is of the utmost importance with COVID should you become exposed/infected. Based on my personal experience, you will encounter resistance. Please prepare! It doesn’t take much effort, particularly with these links.

      2. contacting your doctor to inquire if and how s/he will treat you should you become infected

        It wouldn’t be the worst thing bombarding doctors with these questions and letting them know they might lose you as a patient. They’re not personally answering the phones or their messages. Medicine has the best delegation of responsibilities that I’ve ever seen. But doctors are under pressure from their institutions. Help them to start pushing back by pushing back.

        1. So true. Had “wellness exam” recently. Years past, always done by my GP, PCP whateverthef. Now done by an outside company. Got to keep those $175 a visit slots open.

          Since I’ve been spending too much time in dr’s offices lately, I entertain myself by asking nurses, techs, etc. how doctors react to their online reviews, do they read them and does it effect them? They’ve all said “Oh, yes they do and yes it does.” You want to know if other patients have had a problem, but since the reviews are subjective, it increases animosity and encourages phoniness. “The key to success is sincerity. If you can fake that you’ve got it made.” ― George Burns

          I read somewhere (in regard to the restaurant biz), if people were pleased, they might tell two or three people. If they were not, they’ll tell ten.

          No solution comes to mind, though some doctors could use a week at charm school.

  20. It’s heartwarming to see the globalists’ creepy Orwellian tech companies that’ve been pushing “wokeness” and diversity while censoring truth-tellers and systematically marginalizing white male employees get hoisted on their own petard.

    #AppleToo: employees organize and allege harassment and discrimination

    https://www.theguardian.com/technology/2021/sep/03/appletoo-apple-employees-organize-allege-harassment-discrimination

    A group of Apple workers is organizing to fight against what it says are patterns of discrimination, racism and sexism within the company and management’s failure to address them, in a rare public display of dissent within the notoriously secretive company.

    Last week, a group of employees launched #AppleToo, a campaign to gather and share current and past employees’ experiences of inequity, intimidation and abuse. The group hopes to mobilize workers at a time when workers across the tech industry are calling for greater accountability from their employers, and to push Apple to more effectively address such complaints.

    1. A bold prediction: nothing will happen at Apple because of this. No one (except perhaps the protestors) will be fired. iPhones sales will continue, etc.

      Notice that the link is from the UK. In the US, this story is already going down the memory hole.

  21. Stay classy, FBI Chekists entrapping simple-minded yahoos into bogus “plots” in furtherance of the “far right threat” Narrative.

    FBI agent, 39, investigating Gretchen Whitmer kidnap plot is fired two months after he was arrested for ‘beating his wife over a disagreement at a swingers party’

    https://www.dailymail.co.uk/news/article-9982673/FBI-agent-foiled-Gretchen-Whitmers-kidnap-plot-fired-two-months-arrested.html

    An FBI agent who has played a key role in the prosecution of more than a dozen ‘militia’ members who plotted to kidnap Michigan Governor Gretchen Whitmer has been fired from the agency, two months after he was arrested for allegedly beating his wife.

    Richard Trask, 39, was involved in the prosecution of a group of far-right ‘militia’ members, claiming in court documents that they plotted to kidnap the Michigan governor and dump her in a lake over her strict COVID mandates.

  23. Look out below!

    “‘We just experienced a market in a million,’ he said. ‘That is over and now we are moving from insane, back to rational.'”

  24. >>You Get Crashes After Unbelievable Price Growth

    I hate that weasel-phrase “price growth”. I think I found another phrase to fight it with: PRICE SHRINKAGE

    Also: Price growth equals value loss.

  25. America Being Taken Over by Communists – General Michael Flynn 9.11.21

    https://usawatchdog.com/america-being-taken-over-by-communists-general-michael-flynn-9-11-21/

    Retired Lieutenant General Michael Flynn, who was head of the Defense Intelligence Agency (DIA), thinks evil communists are out to destroy America and your freedom. General Flynn explains, “Transitioning to all the noise that is bombarding the American psyche, it’s all intentional. Don’t think this is all a bunch of haphazard things that are happening within our country. The bigger 60,000 foot strategic view is that the country is being taken over by a very small minority of people that we call the Left, which are really a group of Marxists and communists who have decided over decades, and this is not just about Trump, have decided now is the time to do it . . . and they did. They outmaneuvered the Republican establishment during this last November election. . . .Let’s talk about what’s coming out of Arizona. Everybody knows this election was stolen. No way in the world 80 million people voted for the administration occupying the White House—no way. . . .This is no longer a conspiracy theory about election fraud. This is a conspiracy alright, but it is a conspiracy within a group of people that stole the U.S. Presidential Election and also stole parts of the down ballot votes, meaning the Senators and Congressmen.”

    1. “General Flynn says there is a giant psyop being run on the American people to take their eyes off of the 2020 election fraud.”

      Yep, and it is working.

      “General Flynn explains, ‘Absolutely, Covid . . .Afghanistan, the border situation, and we are not even talking about the border situation anymore because its fallen down in three or four priorities in terms of what people are able to concentrate on . . . . We are going to see President Biden come out to talk about . . . lockdowns . . . and vaccines, and it is all to change the narrative. . . .They are going to try to take away the narrative of what happened in the election. What they really wanted and believed is the theft of the 2020 election was going to be dead by about March of 2021, and the country would move on. The American people are not stupid.”

      Bahahahahaha … not all Americans are stupid but more than enough are.

      “We are not a bunch of chumps that Biden has called us.”

      Wrong.

      “‘There is a bunch of intelligent Americans that are tired of the lies spewing out of the White House and spewing out of the mainstream media.'”

      A bunch, but not a huge enough bunch.

      “As the former Head of the DIA, General Flynn sees the psyop on America from a relatively small group of people. General Flynn says, ‘They attempt to look bigger than they are, and they are able to do that through the media. They are absolutely able to do that through the mainstream media.'”

      That’s a fact, Jack.

    2. “are really a group of Marxists and communists who have decided over decades, and this is not just about Trump, have decided now is the time to do it . . . and they did”

      And this is why we name names, specifically the Anti Defamation League and the Southern Poverty Law Center.

      Nobody ever elected them to govern anything…

  27. The apocalypse probably isn’t at hand, unless you’re an FB who overpaid for a shack or skybox – then your personal financial apocalypse is slouching closer by the day.

    Unexplained Lights During an Earthquake Have Mexicans Wondering if the Apocalypse Is Coming

    https://www.vice.com/en/article/xgx9nk/unexplained-lights-during-an-earthquake-have-mexicans-wondering-if-the-apocalypse-is-coming

    As the ground shook across Mexico this week due to a 7.0 magnitude earthquake, mysterious blue and red flashes of light illuminated the sky, drawing comparisons on social media with a biblical apocalypse and frightening the masses who’d taken to the streets for safety.

    The dazzling lights, which appeared during the quake on September 7 as though they were shot from the ground like fireworks, were observed from the southern coastal city of Acapulco, near the quake’s epicenter, all the way to the capital Mexico City, roughly 200 miles away.

  28. Heckova job, RBA and REIC-captured Aussie policymakers, regulators, and enforcers.

    Sydney apartment sells for stupid price in final sign property market is cooked

    https://www.news.com.au/finance/real-estate/two-bedroom-manly-apartment-sells-for-almost-3-million-in-trident-building/news-story/cd1010fd0de0843ca6c4d36bf5531099

    Prospective home buyers look away now. The staggering sale of a small two bedroom apartment is the final sign the market is cooked.

  29. CAUGHT ON VIDEO — ‘We need to be more scary to the public, we need to inflate the real Covid numbers’…

    https://citizenfreepress.com/breaking/caught-on-video-we-need-to-be-more-scary-to-the-public-we-need-to-inflate-the-real-covid-numbers/

    Zoom meeting from a hospital in North Carolina with Dr. Mary Rudyk and Carolyn Fisher.

    Senior doctors discuss inflating Covid numbers by counting recovered patients as active Covid patients. “We need to be more scary to the public. If you don’t get vaccinated, you know you’re going to die.”

  30. Fresh Covid-19 outbreak in China prompts focus on vaccines for teens

    https://www.scmp.com/news/china/science/article/3148449/fresh-covid-19-outbreak-china-prompts-focus-vaccines-teens

    China has been hit by a fresh local outbreak of Covid-19, this time in the southeastern province of Fujian, prompting authorities to ramp up vaccination efforts for teenagers.

    Putian, where the current outbreak is mainly concentrated, reported a total of 32 locally transmitted coronavrius cases as of Sunday afternoon, local authorities said.

  33. Oh dear…headlines like this make me fret that contagion could be a thing in the Chinese RE meltdown. And said contagion could spread to central bank asset bubbles and Ponzi markets worldwide. But I’m sure if that was a risk, the MSM would be sounding the klaxon.

    Riskier Chinese Property Bonds Suffer as Evergrande Struggles

    https://www.wsj.com/articles/riskier-chinese-property-bonds-suffer-as-evergrande-struggles-11631444581

    Bonds from lower-rated Chinese property developers have fallen steeply in price after warnings of a potential default at industry giant China Evergrande Group sent investors scrambling to protect themselves against trouble elsewhere in their portfolios.

  34. Had this been the Trump I’m sure the New York Slimes would have also released the news on a Friday night to be followed by a chorus of crickets on the Sunday morning “news” shows and have be dead and buried by Monday morning.

    Biden droned the wrong guy, innocent aid worker killed in Kabul strike: NYT

    By Steven Nelson
    September 10, 2021

    A US airstrike in Kabul against a supposed Islamic State bomber actually killed an innocent man who worked for a US aid group and his family, according to newly published testimony and footage — raising the specter that the Pentagon lied to the public about the strike.

    The reported case of mistaken identity also further tars President Biden for his chaotic pullout of US troops from Afghanistan, which left behind hundreds of US citizens and thousands of at-risk Afghans.

    Zemari Ahmadi and nine members of his family, including seven children, were killed in the airstrike on Aug. 29, one day before the final US evacuation flights from Kabul, his brother Romal Ahmadi told the New York Times.

    Ahmadi, who was the apparent target of the strike, worked for 14 years as a technical engineer in Afghanistan for the Pasadena, Calif.-based charity group Nutrition and Education International, which feeds hungry Afghans.

    https://nypost.com/2021/09/10/kabul-strike-killed-us-aid-worker-and-family-not-isis-bombers/

  35. I love it when a “real journalist” contradicts herself:

    In this article she claims there’s a shortage of tradesmen:

    https://coloradosun.com/2021/09/07/housing-demand-home-builders-labor-shortage/

    And in this one, 4 days later, she says there’s a surplus:

    https://coloradosun.com/2021/09/11/labor-shortage-blame-amazon-jobs-work/

    In July, the trade, transportation and utility sector lost 1,600 jobs. And a later revision had the Colorado Department of Labor and Employment concluding that number was underestimated and it was down an additional 1,400 jobs.

  36. VACCINE REBELLION: Growing number of US states are refusing to go along with Biden’s covid vaccine fascism

    https://www.afinalwarning.com/552339.html

    About half the country is resisting Joe Biden’s latest Wuhan coronavirus (Covid-19) “vaccine” mandate. The states of Alabama, Alaska, Arizona, Arkansas, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Mississippi, Missouri, Montana, Nebraska, New Hampshire, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Tennessee, Texas, Utah, West Virginia and Wyoming are all engaging in some form of “vaccine rebellion” against the Biden regime, while the rest are capitulating – at least for now.

  37. The Financial Times
    Opinion Residential property
    The US needs to make homes more affordable — and available
    Investors have fuelled a new housing bubble, pricing locals out of markets
    Rana Foroohar 11 hours ago

    Yet another summer has been spent within driving distance of home. I passed the last six weeks in rural Sullivan County, a beautiful place in the Catskill Mountains about two hours from New York City. Poverty levels are about 25 per cent higher than in the rest of the state, according to the latest census figures. Per capita income is just under $31,000, $5,000 below the national average.

    And yet property prices in Sullivan County were up 32.8 per cent year on year in July. Modest wood cabins that might have gone for $200,000 or less prior to the pandemic were being dolled up and flipped for double that (or rented out at boutique hotel prices). All-cash offers and sight unseen buys have become common. The Borscht Belt, as it was once known thanks to hotels catering to Jewish vacationers from roughly the 1920s to the 1970s, hasn’t been this hot since Eddie Fisher and Liz Taylor hung out there.

    Part of this is Covid madness, and some of that will eventually abate. But the Borscht Belt boom is mirrored in many parts of the country, and speaks to the fact that, over a decade on from the subprime meltdown, housing is still at the centre of America’s economic bifurcation. That’s because in the US, homes are as much a tradable asset as they are shelter.

    Just as investors drove the pre-financial crisis housing boom, they have also driven the post-pandemic increase in home prices, which has reached 2008 levels of froth. Investors purchased one out of every six homes in the US in the second quarter of 2021, according to the property site Redfin.

    This isn’t all about big institutional investors, though many big private equity firms did pick up real estate on the cheap during the first part of the pandemic, just as they bought up foreclosed houses on courthouse steps in the wake of the financial crisis. Invitation Homes, which Blackstone founded and floated, became the country’s largest landlord. More recently, private equity has been snapping up multifamily rental units and even mobile home parks, backstopped by federal loans that were originally designed to benefit the poor.

    Some of the investors driving the new housing bubble are simply cash rich city dwellers who’ve bought second homes to rent or flip. But both they and institutional investors have benefited hugely from low interest rates and quantitative easing, not just since the pandemic began, but since the financial crisis. These central bank policies have bolstered both stocks and home prices. But they have also had an incredibly distorting effect on many real estate markets where locals are bidding against high-earning city dwellers to get access to shelter.
    …

    1. Ignore the Fed’s $40 billion a month in housing market support. The latest bubble runup is all the investors’ faults.

  38. NFL, what NFL?

    I don’t know who played who, who knelt, who turned their back on the flag, who had BLM socks on and I don’t care.

    The Who – I’m Free

    https://youtu.be/uRD_gIoVOmY

    This was part of The Who’s rock opera Tommy. Tommy is free because his mother smashed the mirror that he was kind of trapped in. He always gazed at his reflection and this was the only thing he could really see. Now Tommy wants his disciples to follow him

    https://www.songfacts.com/facts/the-who/im-free

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