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A Nice Word For Busts

A report from the Wilsonville Spokesman in Oregon. “The market already has tapered a bit from its absolute highs a few months ago. ‘We’re seeing more price reduction come across the MLS (multiple listing service) than we’ve seen in over a year’ said Broker Dwight Schwab. ‘That doesn’t mean prices are falling as it does that people need to more accurately price.’ Representatives have seen an unusually high number of Portlanders flock to cities like Lake Oswego, West Linn and Wilsonville.”

“Darren Piper, a real estate broker, noted a seminal moment in the planned Villebois community in Wilsonville: the sale of the first $1 million home. Some homes are spacious, and the inflated market and competitive bidding brought prices to their zenith. Piper said identical homes that five years ago sold for around $250,000 are selling for over $500,000 now.”

“‘I’m done with Oregon.’ I’ve heard that quote so many times,’ Schwab said. Schwab has heard that many Californians are similarly fed up with issues in their own state and are especially motivated to leave. ‘The last few I’ve had, (it was a) ‘We couldn’t take it anymore’ kind of motivated,’ he said.”

The Redmond Spokesman in Washington. “The median sales price of a single-family home in Bend and Redmond may have stabilized in August, while inventory increased. In Bend, the median single-family home price dropped $15,000 to $635,000, according to the report. The median sales price for a single-family home peaked in Bend in April at $651,000, according to the report.”

The San Francisco Business Times in California. “More homes are starting to hit the market in San Francisco. As of Friday, there were 920 active units listed on the MLS for San Francisco, with 201 listed in the ‘coming soon’ feature. By Monday, that number had grown to 1,113 active San Francisco listings with 165 listed as coming soon.”

“Keller Williams agent Jennifer Rosdail told me she’s seen 434 new residential listings in the last seven days in San Francisco compared to 70 the week prior that and 71 the week before that. While some buyers are returning to the city now to hunt real estate, she predicted that the smaller downtown condos — previously useful for someone working full time from an office — are still going to take more time to fully recover, especially in light of several companies deciding to further delay their return-to-office plans. ‘I haven’t see those pied-à-terres become valuable again,’ she said.”

From Mansion Global. “A nearly 13,000-square-foot oceanfront estate in southern California recently sold for just under $33.9 million, about 38% lower than its original asking price. The San Clemente home, was first listed in 2016 for $55 million, according to listing records.”

The New York Post. “A fancy Upper East Side townhouse has entered contract. The home, at 34 E. 62nd St., was last asking $19.75 million — down from its original $32.5 million asking price in 2017.”

From Florida Weekly. “Will BOOM go BUST? One could have heard a proverbial pin drop as the crowd awaited an answer at the Caloosa Sound Convention Center overlooking a Caloosahatchee River sunset, flanked by a bustling downtown Fort Myers. Make no mistake, the experts say, booms come with ‘corrections,’ sometimes a nice word for ‘busts.’ Everybody else knew that, too. We have the makings for cautious, careful optimism, suggested Denny Grimes, who grew up in Fort Myers and has worked in residential real estate for 35 years in the region. ‘The panic (buying) frenzy is over,’ Mr. Grimes noted. ‘The market is slowing. Which is good.'”

“‘Now, things are good — and things are challenging because our labor and supply is so limited. We have ourselves in a situation where we may be hitting the price wall for new housing, because prices have risen so rapidly,’ said Randy Thibaut. Asked for advice for home buyers and home sellers, he replied with characteristic candor: ‘Advice for the buyer? The best time to buy was a year ago. Advice for the seller? You should have started a year ago, and if you still want to, now is the time.'”

The Globe and Mail in Canada. “In Oakville, Ont., the second Monday in September was surprisingly quiet, says broker Adrienne Lake of Sotheby’s International Realty Canada. ‘The sales that I was expecting to see in September have not been as exuberant as I thought,’ she says. Ms. Lake adds that some sellers who have homes languishing on the market at $3-million and up are holding out for prices that the market will not bear.”

“Buyers do submit offers, she says, but some intractable sellers spurn them all. ‘The offers are all very similar so that indicates they’re a little bit pie-in-the-sky,’ she says of the sellers’ ambitions.”

From Vice on China. “A group of high-rise buildings have been sitting unfinished in a Chinese city for seven years. And it took 45 seconds to tear them down. Stunning footage from the demolition last month showed 14 buildings in the southwestern city of Kunming collapse in controlled demolition. The blast failed to destroy a 15th high-rise, which was torn down three days later, local media reported.”

“These partially-built buildings were a side effect of China’s aggressive urban development model that created what critics called ‘ghost cities’ in parts of the country. Local governments had sold land and embarked on massive infrastructure projects to boost economic growth, while developers often took on heavy debt to bet on ever-rising housing prices. Some of the vacant neighborhoods filled up later on, but in some cases, the newly-built, dazzling urban spaces struggled to find occupants or even funding to finish construction projects.”

“Buyers of unfinished projects have staged protests after seeing their life’s savings going up in smoke. Members of the Chinese middle class ofte take on heavy debts themselves to buy these apartments, believing the real estate market to be the safest investment. Some buyers were forced to move into these unfinished buildings, as they continued to pay mortgages, according to Chinese media reports.”

“At another unfinished residential complex in Kunming, with a Chinese name that stands for ‘town of another way of happiness,’ some homeowners had been living without water and electricity. They used solar power and candles, and one man climbed the stairs to his 18th-floor apartment every day.”

The Epoch Times. “Shares of Macau casino operators on Wednesday shed as much as a third of their value, losing about $18 billion, as the government kicked off a regulatory overhaul that could see its officials supervising companies in the world’s largest gambling hub. With Macau’s lucrative casino licences up for rebidding next year, the plan spooked a Hong Kong market already deep in the red after Beijing’s regulatory crackdown on sectors from technology to education and property that sliced hundreds of billions of dollars off asset values.”

“Wynn Macau led the plunge, falling as much as 34 percent to a record low, followed by a 28 percent tumble for Sands China. Peers MGM China, Galaxy Entertainment, SJM, and Melco Entertainment all fell heavily, taking the drop to HK$143 billion ($18 billion). U.S. casino companies also fell for the second straight day, losing as much as $4 billion in market capitalization on Wednesday, with Las Vegas Sands Corp slumping to more than a year low, Wynn Resorts Ltd and MGM Resorts International, dropping 8 percent and 5 percent, respectively.”

“‘Margins will be crushed at the gambling capital of the world and that will drag down all the big casinos,’ said Edward Moya, senior market analyst at OANDA in New York.”

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This Post Has 119 Comments

  1. ‘identical homes that five years ago sold for around $250,000 are selling for over $500,000 now’

    I still find it odd that these economists and other fools can’t see this is bat sh$t crazy. “Oh, Austin is up 50% in a year!” Right, and half of them are cutting prices. Prices should never, ever ‘soar” or any of the other UHS crap we have to wade through every day.

    If it goes up 50%, it can fall that much just as fast. And who in their right mind would make 3% loans on such a market?

        1. “And who in their right mind would make 3% loans on such a market?”

          1. People who use money that belongs to somebody else.

          2. People who literally loan money into existence. Presto! There it is! A miracle!

          3. People who collect hefty fees for doing so. If things go bad the loaned-into-existence money vaporizes while the hefty fees are retained.

    2. If it goes up 50%, it can fall that much just as fast. And who in their right mind would make 3% loans on such a market?

      We’re in the era of Bubblenomics. The PTB are figuring out how to manipulate markets. Look at Bitcoin – it seems to me a few whale buyers keep that market high.

      With housing, you have the biggest whale buyer of them all, the American central bank. It owns trillions in MBS – mortgages. It obtained them by printing dollars – seizing national wealth – and firehosing it into the housing market. Also it pushes down interest rates, again with the printer. Why a rational person would think a national policy of jacking up shelter prices and pushing debt is good for the society is open to debate. “We’re impoverishing you so you won’t be impoverished.” The answer I’m sure is prosaic – follow the money which will lead to the answer.

      The stock market bubblenomics is probably the same way. There are papers which find that high stock prices coincide with better economic indicators. No post hoc fallacies here I’m sure. The BOJ buys ETFs. The Fed is one removed – it buys debt, the proceeds of which finds its way into stocks.

      I’ve always said bubbles are an excellent way for insiders to extract wealth from outsiders. And of course, if there’s ever a risk to the profitability of insiders, well, there’s the trusty tool, the central bank, to print up some cash and bail them out. All of course for our own good. Trickle down is like a golden rain on the society.

      1. Remember…. as a noted economist stated so eloquently, Nothing accelerates the economy and creates jobs like falling prices to dramatically lower and more affordable levels. Nothing.”

        He’s right.

        Napa, CA Housing Prices Crater 11% YOY As Northern California Housing Prices Drop Like A Rock

        https://www.movoto.com/napa-ca/market-trends/

      2. “Trickle down is like a golden rain on the society.”

        I prefer the term “golden shower” as in piss all over society and convince the members that it is raining.

        😁

      3. The answer I’m sure is prosaic – follow the money which will lead to the answer.

        It’s the same old answer – the wealthy are the ones who control the policy, and who control the majority assets, and so the policies are constructed to boost the prices of assets into perpetuity, leading to profound riches for a select few at the expense of the masses. Until we start chopping heads in public, nothing will change. A massive, swinging axe to the head of Jerome Powell during the daylight hours, captured on countless cell phones and posted on social media, would be a good start.

  2. ‘As of Friday, there were 920 active units listed on the MLS for San Francisco, with 201 listed in the ‘coming soon’ feature. By Monday, that number had grown to 1,113 active San Francisco listings with 165 listed as coming soon’

    How did they build so many shacks in 3 days?

  3. ‘The blast failed to destroy a 15th high-rise, which was torn down three days later, local media reported. These partially-built buildings were a side effect of China’s aggressive urban development model that created what critics called ‘ghost cities’ in parts of the country’

    Remember when Dan told us this is just how Chinese build cities. We had a little debate and I couldn’t find any history to suggest it would take and said at the time they’ll rot in the sun. They did and now they are blowing em up.

    Eat yer crowz Dan.

    And note the lack of concern from climate freaks over this appalling waste under pollution choked skies.

    1. “Buyers of unfinished projects have staged protests after seeing their life’s savings going up in smoke.

      Evergrande has suspended construction on skybox units for 1.5 million Chinese bagholders who had already forked over huge deposits. Color that money gone. The stamping of little feet is about to get downright seismic.

      1. Up in smoke
        Thats where my money goes
        In my lungs
        And sometimes up my nose
        When troubled times
        Begin to bother me
        I take a toke
        And all my cares
        Go up in smoke
        (Cheech)
        Up in smoke
        Donde todo es libre
        There are no signs
        Que dice no fume
        So I roll un “bomber”
        Y me doy, un buen toque
        Y despues I choke
        Y todos mis cares
        Go up in smoke
        Come on let’s go get high
        Up in smoke
        That’s where I wanna be
        ‘Cause when I’m high
        The world below
        Don’t bother me
        When life begins
        To be one long
        And dangerous road
        I take a toke
        And all my cares
        Go up in smoke

        Songwriters: Chong Thomas / Marin Richard A

    2. And note the lack of concern from climate freaks over this appalling waste under pollution choked skies.

      Not a peep from St. Greta.

    4. And note the lack of concern from climate freaks over this appalling waste under pollution choked skies.

      Also note their lack of concern when China says it won’t be bullied into going green.

    5. And note the lack of concern from climate freaks over this appalling waste under pollution choked skies.

      Because George Soros and his globalist cabal don’t like inconvenient truths. He’s another one who needs his skull ventilated in public. Then bury the axe in his chest as a reminder.

  4. ‘Advice for the seller? You should have started a year ago, and if you still want to, now is the time’

    That’s right shack gamblers, it’s not too late!

    Step right up
    Step right up
    Step right up
    Everyone’s a winner
    Bargains galore
    That’s right you too can be the proud owner of
    The quality goes in before the name goes on
    One tenth of a dollar
    One tenth of a dollar
    We got service after the sale
    How ’bout perfume
    We got perfume
    How ’bout an engagement ring
    Somethin’ for the little lady
    Somethin’ for the little lady
    Somethin’ for the little lady
    3 for a dollar
    We got a year end clearance
    We got our white sale on a smoke damaged furniture
    You can drive it away today.
    Act now
    Act now
    And receive as our gift
    Our gift to you
    They come in all colors
    One size fits all
    No muss, no fuss, no spills
    You tired of kitchen drudgery
    Everything must go
    Goin’ outta biz
    Goin’ outta biz
    Goin’ outta bizness sale
    50% off original retail price
    Skip the middle man
    Don’t settle for less
    How do we do it
    How do we do it
    Volume! volume!
    Turn up the volume!
    You’ve heard it advertised
    Don’t hesitate
    Don’t be caught with your drawers down
    Don’t be caught with your drawers down
    You just step right up
    Step right up
    That’s right it fillets
    It chops, it dices, it slices
    It never stops
    Lasts a lifetime, it mows your lawn
    And it mows your lawn
    It picks up the kids from school
    It gets rid of unwanted facial hair
    It gets rid of embarrassing age spots
    It delivers the pizza
    And it lengthens
    And it strengthens
    And it finds that slipper that’s be en-lodged under the
    Chaise lounge for several weeks
    And it plays a mean rhythm master
    It makes excuses for unwanted lipstick on your collar
    And it’s only a dollar
    Step right up
    It’s only a dollar
    Step right up
    ‘Cause it forges your signature
    If not completely satisfied
    Mail back unused portion of product for a complete refund of price of purchase
    Step right up
    Please allow thirty days for delivery
    Don’t be fooled by cheap imitations
    You can
    Live in it
    Live in it
    Laugh in it
    Love in it
    Swim in it
    Sleep in it
    Live in it
    Swim in it
    Laugh in it
    Love in it
    And it removes embarrassing stains from contour sheets
    That’s right
    And it entertains visiting relatives
    It turns a sandwich into a banquet
    Tired of being the life of the party
    Change your shorts
    Change your life
    Change your life
    Change into a 9 year old Hindu boy
    Get rid of your wife
    And it walks your dog
    And it doubles on sax
    Doubles on sax
    You can jump back jack
    See ya later alligator
    See ya later alligator
    And it steals your car
    It gets rid of your gambling debts
    It quits smoking
    It’s a friend, it’s a companion
    It’s the only product you will ever need
    Follow these easy assembly instructions
    It never needs ironing
    Well it takes weights off hips
    Bust
    Thighs
    Chin
    Midriff
    Gives you dandruff
    And it finds you a job
    It is a job
    And it strips the phone company
    Of free tapes and your while exchange
    And it gives you denture breath
    And you know it’s a friend
    And it’s a companion
    And it gets rid of your travellers checks
    It’s new, it’s improved, it’s old fashioned
    Well it takes care of business
    Never needs winding
    Never needs winding
    Never needs winding
    Gets rid of blackheads, heartbreak, and psoriasis
    Christ, you don’t know the meaning of heartbreak buddy
    C’mon, c’mon.
    C’mon, c’mon.
    Cause it’s effective
    It’s defective
    It creates household odors
    It disinfects
    It’s sanitised for your protection
    It gives you an erection
    It wins the election
    Why put up with painful corns any longer
    It’s a redeemable coupon
    No obligation
    No salesman will visit your home
    We got a jackpot
    Jackpot
    Jackpot
    Prizes! Prizes! Prizes!
    All work guaranteed
    How do we do it?
    How do we do it?
    How do we do it?
    How do we do it?
    We need your bidness
    We’re going out of business
    We’ll give you the business
    Get on the business end of our
    Going out of business sale
    Receive our free brochure
    Free brochure
    Read the easy to follow assembly instructions
    Batteries not included
    Send before midnight tomorrow
    Terms available
    Step right up
    Step right up
    Step right up
    You got it buddy
    The large print giveth
    And the small print taketh away
    Step right up
    You can step right up
    ‘Cause you can step right up
    C’mon step right up
    Get away from me kid, ya bother me
    Step right up
    Step right up
    Step right up
    C’mon c’mon c’mon
    C’mon c’mon
    Step right up
    You can step right up
    C’mon and step right up
    C’mon step right up

    Songwriters: Benjamin Heyward Allen / Elijah Abbott Jones / Thomas Al Waits

  5. “said Broker Dwight Schwab. ‘That doesn’t mean prices are falling as it does that people need to more accurately price.’ “

    Careful or you could get brain scramble or lose IQ points just reading these morons nitwit statements.

  6. Meanwhile, the Comrades of Proven Worth (D) in our NEA indoctrination mills are implementing their globalist overlords’ agenda of sexualizing young children and promoting the breakdown of morality in our public education system.

    Ohio mayor tells ENTIRE school board to resign or ‘face child pornography charges’ after teachers gave children writing prompt to ‘write a sex scene you wouldn’t show your mom’

    https://www.dailymail.co.uk/news/article-9996345/Ohio-mayor-tells-ENTIRE-school-board-resign-sexual-writing-prompts-classes.html

    A mayor in Ohio has threatened the city’s entire school board with criminal charges unless they resign over highly sexual writing prompts that teachers gave to underage students.

    Hudson Mayor Craig Schubert delivered the harsh ultimate during a school board meeting on Monday, garnering loud applause from outraged parents who also spoke out on the issue.

  7. Can you say, “Cascading effects” boys and girls? I knew you could.

    As China Evergrande’s debt crisis deepens, unpaid small business owners speak of despair

    https://www.reuters.com/business/china-evergrandes-debt-crisis-deepens-unpaid-small-business-owners-speak-despair-2021-09-16/

    SHENZHEN, China, Sept 16 (Reuters) – Wu Lei says his small construction company in central China has accepted commercial paper from property developer Evergrande (3333.HK) as payment for two years but with that paper’s value now in doubt, his firm is on the verge of collapse.

  9. For my next trick, I will make 351,709 California gubernatorial recall election votes disappear during a very short update on live TV.

    Alakazam-Alakazoo
    For every vote you cast, I delete two!

    1. This has been going on for many years and we are going to put a stop it. Arizona has already uncovered massive vote crimes. Other states are following. The day of the rope approacheth, globalist scum.

      FJB

  10. Few things are more heartwarming than seeing high net worth libtards in posh eateries in Democrat-Bolshevik malgoverned cities getting up close and personal with their BLM darlings while contributing to the “redistribution of the wealth” so beloved of collectivists.

    Man is shot in leg at swanky Manhattan celebrity hotspot Phillipe Chow when he wrestled gun from armed robbers holding up outdoor diners and demanding jewelry

    https://www.dailymail.co.uk/news/article-9996361/Man-shot-leg-Phillipe-Chow-wrestled-gun-robber-holding-outdoor-diners.html

    Two masked, armed men attacked outdoor diners at high-end Manhattan restaurant Phillipe Chow on Wednesday, stealing one man’s Rolex watch and shooting another man in the leg when he tried take the robber’s weapon.

    Police said a 28-year-old male victim was sitting outside the swanky establishment on East 60th Street when one of the men stepped up to his table minutes after 10pm.

  11. Virginia Tech instructor apologizes for ‘injustice’ of being white and straight

    Luke Gentile, Washington Examiner Sep 14, 2021

    A Virginia Tech instructor’s syllabus for fall students included her apologies for the “injustice” of being white, heterosexual, and middle class.

    “I am a Caucasian cisgender female and first-generation college student from Appalachia who is of Scottish, British, and Norwegian heritage,” the “WHO I AM” section of Crystal Duncan Lane’s released Human Development 1134 syllabus read. “I am married to a cisgender male, and we are middle class. While I did not ‘ask’ for the many privileges in my life: I have benefitted from them and will continue to benefit from them whether I like it or not.”

    Lane, a human development and family science instructor, said she recognizes the unfair privileges of her having white skin, the documents said.

    “This is injustice. I am and will continue to work on a daily basis to be antiracist and confront the innate racism within myself that is the reality and history of white people,” she wrote in the syllabus, according to Campus Reform.

    Lane ended her apology by suggesting Caucasian students “join her” on a path to confront implicit racial biases.

    “I want to be better: Every day. I will transform: Every day. This work terrifies me: Every day,” she said. “I invite my white students to join me on this journey. And to my students of color: I apologize for the inexcusable horrors within our shared history,” the documents said.

    https://gazette.com/news/virginia-tech-instructor-apologizes-for-injustice-of-being-white-and-straight/article_2c272ca2-fb15-5acb-8933-064f20bb2ef1.html

    1. “cisgender”

      Is that a man, woman, or some other gender? And what are the pronouns? I may need to attend a Democratic reeducation camp to figure this out.

      1. Cisgender: person whose gender identity corresponds with the sex the person had or was identified as having at birth; not transgender

      2. My lib friends are very picky about this. If you don’t use the correct pronouns, you’ve committed a hate crime. If you try to ask “what are your pronouns” to avoid committing a hate crime, you have to ask in exactly the right way, or else you’ve committed a transphobic microaggression because you weren’t being inclusive enough, or something.

        As if we don’t have enough to keep track of.

    2. The Democrat Party is the party of white genocide.

      Replacement theory is not a theory, it is the globalists’ blueprint for white genocide.

      Democrat Party = Exterminate Whitey.

        1. What about the millions of homeless Americans on the street? I was talking to a woman the other day who is about as lib as they come, and even she was not on board with this. Importing a bunch of 3rd worlders and footing the bill for housing at Airbnb when Americans are dying dirt poor on the streets? Time to ventilate Pelosi’s skull, too.

    3. i dunno my white privilege…i had 2 parents growing up and my father who was a bricklayer forbid us to swear at home…he heard so much of it on the job he wanted not to hear it at home.

  12. CR8R

    “Advice for the seller? You should have started a year ago, and if you still want to, now is the time.’”

  13. The CCP has some red hot cakes real estate sector!

    “At another unfinished residential complex in Kunming, with a Chinese name that stands for ‘town of another way of happiness,’ some homeowners had been living without water and electricity. They used solar power and candles, and one man climbed the stairs to his 18th-floor apartment every day.”

  14. It was a perfect night to watch the SpaceX launch last night and it was bad@ss. It wasn’t the usual (although also pretty cool) red/orange fire with a white tail visible for about 45 seconds before turning into a pin of light that disappears as it leaves the earth. This went from the red/orange fire to turning and moving what looked to be horizontally across the night sky as it exploded into a big white wake with what looked like molten lava dripping off. That lasted for what seemed like well over another minute and made it the coolest launch I have ever seen.

    1. We saw the ISS with the SpaceX cargo module trailing behind a couple of weeks ago in the night sky. Then we watched the docking take place on-line. Math [is] difficult!

      1. The thing is, Musky’s rockets work and he can easily undercut ULA, Arianespace, the Russians, the Chinese, etc. Bozo doesn’t have a timeline for when he will launch his first payload into orbit.

  16. Portland people are fleeing ,one retired couple came to our area of upstate SC. , with just the clothes they were wearing and their night bags…
    They had sold their house there, and spent 3 days packing all their earthly belongings in a fair size U-haul. They parked it ,intending to leave Portland early next morning …..well,the next morning the truck was gone, Stolen, …..and they were still there ……The Portland Police were too “Busy’ too help them much……

  20. Not sure if this has been posted, but the Hearst Estate in LA sold for $63M, $15 million over the $48M auction price. (Peak list price was $195M in 2016.) The buyer was “billionaire investor” Nicholas Berggruen, of whom I’m never heard. Berggruen has said that he’s going to restore and update the property.

    https://www.marketwatch.com/articles/the-hearst-estate-one-of-los-angeless-most-historic-homes-sells-at-auction-for-63-1-million-01631802368?mod=mw_latestnews

    1. >Berggruen has said that he’s going to restore and update the property.

      Ah, so he’s going to throw even more money away.

      I guess everyone needs a hobby.

    2. “…The buyer was “billionaire investor” Nicholas Berggruen, of whom I’m never heard….”

      [cut from article]
      The founder of the private investment company Berggruen Holdings and the nonprofit think tank, the Berggruen Institute,…

      Apparently, there is plenty of profit in non-profits…

      Party on!

  21. We’ve had 40 years of declining mortgage rates: https://fred.stlouisfed.org/series/MORTGAGE30US

    They may be at their lower bound – are they? If they track 10 year US Treasuries, they hit 2.75 when the 10 year was near zero.

    In the famous Elizabeth Duke Fed minutes quote, where she talks about the old man buying love and putting a floor under house prices, she also says borrowers and sellers are hair-trigger sensitive to interest rates.

    As interest rates go down, house prices go up. What ammunition does the government have left to boost house prices? We can say population always goes up, but then Japan has engineered an increase in house prices in the face of a real declining population, thanks to monetary conditions I’d think.

    China – what they do next will be quite interesting. Lots of leverage there, lots of money flowing out of the country. The Evergrande response will be another factor.

  24. I got this email:

    ‘In a recent housing affordability survey, 84% of respondents believe that renting is more affordable than owning a home. The biggest barrier is the down payment.’

    ‘The good news is that there are government-backed mortgage programs that allow a renter to purchase a home with $0 down.’

    ‘You can help spread the word.’

    I looked up the email address and it came back with these guys:

    https://www.fedhomeloan.org/

    ‘FedHome Loan Centers is an FHA broker comprised of a privately held network of government loan specialists, counselors, Realtors® and mortgage professionals dedicated to empowering customers with sustainable home ownership.’

    Sound lending!

    FJB

    1. “The good news is that there are government-backed mortgage programs that allow a renter to purchase a home with $0 down.”

      My favorite stories were those immigrant buyers from 2004-05 who bought with zero down, immediately took out a 125% HELOC and returned home with their 25% cash out!

  25. ‘A leaked Zoom conference reveals a doctor questioning how to increase the count of COVID-19 patient numbers on the hospital’s dashboard report.’

    ‘The media outlet National File said it obtained the recording from an “internal source” at the Novant Health System that includes New Hanover Regional Medical Center in Wilmington, North Carolina.’

    ‘National File posted the video on its Twitter feed on Sept. 10.
    National File and other local media outlets that reported on the leak identified the people in the video as Mary Kathryn Rudyk, a physician at the medical center, who is asking Carolyn Fisher, the hospital’s director of marketing, how to inflate the number of people classified as COVID-19 patients for the purpose of generating fear in the unvaccinated.’

    “I think we have to be more blunt, we have to be more forceful—we have to say something coming out—if you don’t get vaccinated, you know you are going to die,” Rudyk said in the video. “Let’s just be really blunt to these people.”

    ‘The video begins with Fisher explaining how her department is communicating “meaningful numbers”—the percentage of the unvaccinated, vaccinated, and percentage of deaths in the Intensive Care Unit (ICU)—to the public.’

    ‘Rudyk then asked how post-COVID cases can be included in the number of people hospitalized for COVID-19.’

    “My feeling at this point in time is that maybe we need to be completely a little bit more scary for the public,” Rudyk said. “There are many people still hospitalized that we’re considering post-COVID, but we are not counting in those numbers, so how do we include those post-COVID people in the numbers of patients we have in the hospital?”

    ‘Fisher asked if she meant every patient who has been in the hospital “since the beginning of COVID?”

    ‘Rudyk answered, “Well, that are still in, and that’s something I can take to someone else, but I think those are important numbers: the patients that are still in the hospital, that are off the COVID floor, but still are occupying the hospital for a variety of reasons.”

    ‘Also on the Zoom conference call was Shelbourn Stevens, president of New Hanover Regional Medical Center, who said those patients are classified as “recovered.” “But I do think, from our standpoint, we would still consider them a COVID patient because they’re still healing,” Stevens said.’

    ‘Rudyk said she thinks those patients need to be “highlighted as well, because once they’re off isolation, they drop from the COVID numbers,” prompting Stevens to say that they can later talk offline about “how we can run that up to marketing.”

    https://www.theepochtimes.com/mkt_morningbrief/leaked-zoom-video-reveals-hospital-officials-discussing-covid-19-scare-tactics_3997611.html

    FJB

    1. The sad thing is that most people are completely unaware of this scandal, as the MSM quickly consigned it to the memory hole.

      Now bare your arm and get jabbed! Populations won’t reduce by themselves, you know.

  26. This is was the U.S. edition of The Guardian website is leading with now”

    “the rightwing media went further, casually tossing around terms such as “authoritarian”, “fascist”, “totalitarian” and “tyrannical” to characterize the US president’s mandate that all employers with more than 100 workers require their employees to be vaccinated or test for the virus weekly.”

    https://www.theguardian.com/us-news/2021/sep/16/vaccine-mandates-rightwing-hysteria-joe-biden

    Joe Biden was never elected president of the United States. The 2020 election was stolen.

    1. It’s bad enough that CNN blasts in every public gym, airport and car wash waiting area but why do conservatives financially support liberal trash by going to their websites?

        1. Now that I think of it, I don’t recall seeing it anywhere when I last traveled. Not sure if I tuned it out, or if it just wasn’t there. What I do remember was everyone staring at their phones while waiting to board their jet.

    2. I was driving in rural Maryland and saw one house with a “Thank you Trump” flag and FJB flag too. I’ve seen houses where the 2020 Trump flags are still up. Lots of American flags and thin blue line flags too. Meanwhile, my lib-nabe is full of original We Believe signs.

  28. patients that are still in the hospital, that are off the COVID floor, but still are occupying the hospital for a variety of reasons.

    I wonder what this scenario would look like. Had COVID, got over it and tested negative, but was still suffering from post-COVID weakness or something? Honestly I would still count them as a COVID patient in the hospital.

    1. Quick, get your jab! If you don’t, there won’t be anyone to treat you when you get the coof (and you will get it), and when you get the coof you will die!

  30. Big trouble ahead? We’ve heard about new lines of credit drying up, now banks are tightening transactions. Received an email from B of A that stated transfers between brokerage account and checking will be limited from October 15th to no more than 100k per day. $250k per week. So if you need a huge chunk of cash in a hurry, for some reason. Good luck!

        1. I know about him and his Cubs but I am not one. View his videos now and then.
          My personal market and charting tutor and mentor was Mr. Gold himself, James Sinclair, from decades ago.
          Of course my uncle the bond salesman at JP Morgan — way back in the day — helped a little too.

    1. From the Guardian piece I posted above:

      “After what we saw in this country on January 6, ‘civil disobedience’ is code word for violence and acts of terror when it comes to the Republican party. So many in this party are trying to whitewash the events of January 6, have referred to those behind it as ‘patriots’ and have gone so far as to suggest that those who have been incarcerated for their crimes should be released.

      “The only conclusion that one can draw from their ongoing rallying cries for what they call ‘civil disobedience’ is that it is a call for more violence, more mayhem, more destruction, and solidifies the reality that the Republican party is a domestic terrorist organisation.”

      Correction: the Democrat Party is not only a domestic terrorist organisation, but they are, in fact, the agents of genocide.

    2. +1000
      Another tape after that one they were talking about getting a high cure rate of Covid in Latin America by Doctors using Chlorine Dioxide.
      Normally use as a water disinfectant, and a bleach for wood pulp.
      Have no idea what they scale the amount down to treat a human . So, who knows ,but the Scientist in the tape said the cure rate from Covid was extremely high using this disinfectant. No doubt it needs to be percribed by a Doctor in the right amount, not something one should play with.

  33. “Material, nonpublic information.”

    “Their investments were judged by in-house ethics officers to have complied with Fed ethics rules. Kaplan, a former vice-chair of Goldman Sachs, has been an active trader since taking over the Dallas Fed in 2015, with multiple, million-dollar transactions in individual stocks each year, according to finiancial disclosures dating to 2016.

    It is not unusual for Fed officials to hold extensive portfolios. Powell, a private equity lawyer with a stint at the Washington-based Carlyle Group, has net worth in excess of $17 million and perhaps much higher, according to his latest ethics filings”

    https://www.reuters.com/business/finance/feds-powell-orders-sweeping-ethics-review-after-officials-trading-prompts-outcry-2021-09-16/

    Private equity, aka corporate looters.

  35. I know I’ve mentioned how silver is cratering…. Now it’s really cratering.

    Silver is lower today than it was 10 years ago.

    2. Those $12.50 ASE premiums have dropped to $6. All of the suckers who got gouged by the coin shop are SOL. Try selling it back now – they’re not even paying spot. Congratulations, you just lost 30% in a few months.

  36. I don’t listen to Nicki Minaj’s music and didn’t even really know who she was until this week, but the fact that she is speaking out against vaccine mandates and has over A HUNDRED MILLION followers across different social media platforms means she can not and will not be ignored.

    Note how Real Journalists and the Democrat Party treat any black person who dares to escape from the plantation. “Uncle Tom” and “Oreo Cookie” are typical insults, which confirms what all of us on the HBB already knew:

    There is nothing more racist than a white liberal / progressive when forced to respond to a black / brown / any non-white person who rejects their totalitarian ideology.

    The Democrat Party is the party of ideological racism. If you were born with a darker skin tone, and you reject the Democrat Party, they will CRUCIFY you.

    FJB

    2. I’m sure that, as a white man, if I ended up in the hospital with the Wuhoo, they’d probably try to kill me since I’m not vaxxed.

    4. I asked my pharmacist today if I brought her a prescription for Ivermectin, if she would fill it. She said yes.

      Guess what I’m going to do.

    1. Tucker Carlson
      @TuckerCarlson
      ·
      35m
      We won’t let the FAA control the news you get. Watch this video and see how
      @faanews
      tried to shut down our newsgathering on the southern border. That can’t happen. Our own
      @BillFOXLA
      will be back with us on
      @FoxNews
      tomorrow at 8pm ET.

      https://twitter.com/TuckerCarlson

    1. Dr.JillBiden

      Clap ClapTrap

      Dr.JillBiden

      Clap ClapTrap

      Dr.JillBiden

      Clap ClapTrap

      Dr.JillBiden

      Clap ClapTrap

      1. PSA for younger generations: Gonorrhea, a sexually transmitted disease, was colloquially known as the clap.

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