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Many Sellers Regret Becoming Unsatisfied With The Offers They Declined

A report from Banker and Tradesman. “The coming weeks and months present a challenge to reporters and editors covering the Massachusetts real estate market. After 18 months of precipitous price jumps, this summer saw hints that the speed of those increases was slowing down. A number of prospective buyers, industry sources told Banker & Tradesman, seemed to take the summer off.”

“The vocabulary journalists choose when covering these trends has to be carefully considered in the context of the Great Recession. The wild home value swings of the 2000s and early 2010s were a formative experience for many people’s understanding of the real estate market. So, when they hear the TV news anchor introduce a segment by saying that the housing market is ‘weakening’ or ‘cooling’ following months of a hyperventilating market, many are naturally going to fear a crash is imminent.”

“In times like this, it’s incumbent on any reporter, editor or producer covering home prices to foreground just how much market power sellers still have and just how well-qualified today’s buyers are. So, we urge our peers to lean into the details, and resist the urge to sensationalize small shifts in the market out of fear they’ll miss the early signs of a trend. The only thing worse than a market panic is one sparked by accidental falsehoods.”

From Community Impact on Texas. “The Austin Board of Realtors shows a continued decline in housing prices across Northwest Austin compared to peaks seen earlier this summer. The median price for all properties in Northwest Austin—including single-family homes, townhouses and condominiums—dropped to $548,750 in August, according to the newest ABoR data. That is a 7.77% decline in the median price from June 2021, when home prices peaked at $595,000. August was also the second month in a row where home prices overall have declined across Northwest Austin, a first for this year.”

From Arlington Now in Virginia. “Hello, Arlington! Buyers stepped up big this week, ratifying a ton of contracts, but sellers put even more new inventory on the market! The market is moving, but it is not moving at the pace we saw in the spring. Perhaps earlier this year we experienced all or most of the appreciation we would for the year, and now we’re just leveled off for the time being. A huge surge in condo inventory over just the past four weeks (about 15%) is adding heavily to our overall inventory, and we have 77 more to choose from than this week last year (and 26 more than last week!)”

The Washington Business Journal. “Home sales in the Washington, D.C. metro area surged beginning in late spring 2020 and have barely skipped a beat since. There is no question that the market is slowing relative to a year ago, with a modest easing in home purchases and equally modest increases in listing inventory. That sets up well for a continuing strong market with significantly less price appreciation.”

From AZ Big Media in Arizona. “Runaway monthly increases in home values and rents tempered in August, according to Zillow, paving the way for a strong but more manageable housing market come fall. Another month of rising inventory and more for-sale listings taking price cuts are giving buyers more options and potentially less stress as they shop for their next home, but Phoenix home values are still rising at unprecedented levels. For-sale listings rose the most month over month in the Midwest. Meanwhile, Austin and Washington, D.C., now have more available inventory than they did one year ago.”

“The share of listings with a price cut rose for the fourth consecutive month, further evidence of a market returning to balance. ‘Another month of rising for-sale inventory gives shoppers more options to choose from and less competition, which should help reduce bidding wars and further moderate rampant price hikes,’ said Nicole Bachaud, economic data analyst at Zillow. ‘A slightly less frenzied market means buyers have a much better chance to land the home they’re bidding on, and may even see a price drop on their saved listings.'”

The York Dispatch in Pennsylvania. “York County Realtors are finally seeing a small increase in inventory floating back into the housing market. The fast-paced sellers market is finally slowing down due to new inventory, according to Tina Llorente, president of the Realtors Association of York and Adams Counties. This slowdown is especially good for buyers, Llorente said. In the peak of the housing market earlier this year, houses quickly came and went from the market in less than a week. While more inventory may be good news for buyers, Llorente said for sellers there will be more competition.”

“At least they have a choice now between property A, B and C, where before it was ‘take A or leave it,’ Llorente said. ‘Now they have a slightly bigger pool to choose from.'”

The New York Post on California. “Only a few weeks after Matt Damon slashed the price of his Los Angeles estate by a colossal $3.1 million, the actor has scored a buyer, The Post can report. Damon initially listed the property — located in the upscale Pacific Palisades neighborhood — back in January for $21 million. But the price apparently was too high for anyone’s liking. On Aug. 4, the sale price decreased to $17.9 million, with a pending offer going into effect Thursday morning.”

From Patch Illinois. “More than five and a half years and 37 price cuts after it was first listed for sale, a lakefront mansion last week sold for $5.5 million — just 56 percent of its original asking price. Built in 2001, the property became the third Winnetka home in less than two months to sell for more than $5 million, according to Redfin. The home’s single owner put it up for sale in February 2016 with a $9.75 million asking price, placing it among the most expensive listings in the suburbs at the time.”

“According to the Cook County Assessor’s Office, the estimated market value of the property is $6.3 million for taxing purposes. The second installment of the home’s annual $160,000 property tax bill is due in two weeks.”

From Remax on Canada. “In recent months, the consensus has been that the Canadian real estate market may have reached its peak. Some markets continue to enjoy record-breaking gains. Still, the broad-based trends spotlight a crucial development: the sector may be returning to some semblance of normalcy during these uncertain times. Will this finally give young Canadians hope that they can attain the dream of home ownership? That is the $679,000 question for households attempting to step foot inside this booming market.”

“The National Post recently ran an op-ed titled, ‘The great real estate cool-down has come,’ adding that ‘sellers turning down offers in hopes of a better one: Be warned. We’ve entered an ‘adjustment phase.’ Indeed, after seeing meteoric gains in recent months, many homeowners might believe they can wait until they receive a better offer. However, that higher bid may not come as many homebuyers have done one of three things: exited the market due to soaring costs, suffered buyer fatigue, or chose to wait until a correction intensifies.”

“Industry experts note that many sellers listen to their friends and family rather than the data, despite the plethora of analyses of a red-hot market being doused by supply, demand and other factors. ‘Many [sellers] are realizing weeks later that they botched a great offer and regret becoming overly confident and unsatisfied with the offers they declined,’ Rob Golfi, the head of RE/MAX Escarpment Golfi Realty Inc., told the newspaper in an interview. Seller expectations are being impacted by how things were in previous months. They’re listening to their friends and family and not listening to the realtor. They’re seeing what their neighbours got for their homes in March and April and they’re saying, ‘I want that. I want more than that. My home is worth what they got if not more.’”

From ABC News in Australia. “Adriane and Gillian Creamer began a $400,000 renovation and extension of their Cygnet home, south of Hobart, in November 2019. Nearly two years on it’s still not finished and they’ve spent an extra $150,000 fixing defects and $50,000 on legal fees. The couple, who are approaching retirement, describe it as the most traumatic experience of their life.”

“‘It’s been really tough, my wife lost 10 kilos, I don’t know how much I lost but she lost 10 kilos of weight, regularly in tears, the stress levels were unbelievable,’ Adriane Creamer said. The second surveyor’s report listed a number of problems. ‘He got about 30 things wrong with the build, 30 defects, 12 of which were so serious we couldn’t live in the house or sell the house until they were satisfactorily repaired,’ Mr Creamer said.”

The Los Angeles Times. “They came from all over the country, dragging cheap suitcases and clutching file folders filled with records, chanting in front of the glassy skyscraper: ‘Evergrande, pay up!’ They were the owners of small lighting and plumbing and construction materials companies, suppliers for Evergrande, one of China’s largest property developers — now staggering under more than $300 billion in debt and facing potential collapse. Dozens of protesters were gathering daily here in recent days at Evergrande headquarters. Most were contractors who’d accepted commercial papers — a sort of IOU — as payment for projects, but now found Evergrande unable to pay when those IOUs came due.”

“‘They say: ‘We have no money. Do whatever you like,’ said Li Gexin, the manager of a janitorial company in Qingdao. It had 200 workers who’d cleaned Evergrande’s sales offices for a year and were owed more than $300,000 in commercial papers. ‘If we don’t get the money, we can’t eat,’ said Li, who’d driven for 24 hours to the Shenzhen headquarters. They needed that money to feed their families, send kids to school, buy medicine for elderly people and pay their own mortgages — to live, he said. Dozens of other suppliers gathered around, relating similar woes.”

“The distress surrounding Evergrande’s crash is a window into the problem of bad debt in China’s housing sector. Property giants like Evergrande have boomed in the last few decades on a model of vast borrowing and fast expansion, relying on cash flows from apartments it would someday build to construct apartments it had already sold. That worked as long as they could keep getting new loans for new projects, even as housing demand declined. But in August 2020, government regulators laid down new rules about how much debt developers could take on.”

“Evergrande admitted in public statements this month that it may not be able to repay its debts. Credit ratings agencies Fitch, Moody’s and S&P downgraded Evergrande to levels indicating ‘in or very near default.’ Its stock value has dropped 80% this year, and it has an estimated 1.4 million more homes that it’s already sold but not yet built.”

“It would hurt not only the developer’s creditors and investors, but also all those who bought unfinished homes, put their savings in Evergrande’s wealth management products or were among its contractors and subcontractors paid in IOUs. Some of these suppliers had put up their own homes as collateral in loans to cover their work for Evergrande, confident that ‘such a big company’ could not possibly fail to pay. Now they are under pressure from both the banks and their workers.”

“The entire construction supply chain had been using Evergrande IOUs instead of cash for years, said Cai, a supplier from Wenzhou who asked to be identified only by her last name. When Evergrande was late paying the July commercial papers, she assumed that if the project she’d worked on was in trouble, the company would be able to transfer money from another Evergrande project.”

“‘We thought, it couldn’t be that all their projects in the whole country are out of money. It’s not realistic, right?’ she said. But suddenly no one wanted Evergrande’s IOUs anymore. They’d become ‘worthless pieces of paper,’ she said. ‘Then we panicked.'”

“‘They sacrifice one group of people in order to save the majority,’ said Ye Hong, 55, a clothing exporter from Ningbo who had invested his retirement savings of nearly $800,000 in Evergrande’s now-frozen wealth management products. Ye had come to Shenzhen for the first time in his life hoping to get his investment back. But after trying to negotiate, seeing the police everywhere and hearing how much the others were owed, he wasn’t hopeful. ‘I just trusted them too much,’ he said.”

This Post Has 102 Comments
  1. ‘Property giants like Evergrande have boomed in the last few decades on a model of vast borrowing and fast expansion, relying on cash flows from apartments it would someday build to construct apartments it had already sold’

    Sounds like a flimsy ponzi scheme.

    ‘Ye had come to Shenzhen for the first time in his life’

    Well at least you got to wave goodbye to yer cash in the big city Ye.

    1. “Well at least you got to wave goodbye to yer cash in the big city Ye.”

      – Not to worry though, since only about 1.5M Nevergrande ponzi “investors” could lose their down payments. Is that a lot?

      – “Bagholder we hardly knew Ye.”

      – CCP thinks they can gradually deflate their massive housing bubble without any negative consequences, but the reality is that bubbles, esp. housing bubbles, always burst and with hugely negative outcomes. Canada, China, Australia, E.U., New Zealand, U.S.; pretty much every nation with a central bank. Hmm. I’m seeing a pattern here; a global financial virus pandemic it is. The outcome is already “baked into the cake.” Trillions of e-printed central bank currencies going off to money heaven. Humpty Dumpty.

    2. “Sounds like a flimsy ponzi scheme.”

      It’s amazing to me how the lesson of Ponzi bubble and collapse has to be relearned all over, again and again.

      This time is not different.

  2. ‘A huge surge in condo inventory over just the past four weeks (about 15%) is adding heavily to our overall inventory’

    Wa happened to my amazon?

    ‘At least they have a choice now between property A, B and C, where before it was ‘take A or leave it’

    Gosh, I hope no one overpaid in such an environment.

  3. ‘The vocabulary journalists choose when covering these trends has to be carefully considered in the context of the Great Recession. The wild home value swings of the 2000s and early 2010s were a formative experience for many people’s understanding of the real estate market. So, when they hear the TV news anchor introduce a segment by saying that the housing market is ‘weakening’ or ‘cooling’ following months of a hyperventilating market, many are naturally going to fear a crash is imminent’

    ‘In times like this, it’s incumbent on any reporter, editor or producer covering home prices to foreground just how much market power sellers still have and just how well-qualified today’s buyers are. So, we urge our peers to lean into the details, and resist the urge to sensationalize small shifts in the market out of fear they’ll miss the early signs of a trend. The only thing worse than a market panic is one sparked by accidental falsehoods’

    Even for someone who has been at this as long as I have, this stinking REIC pile is too stinky. Well, behold the arrogance. As they talk of ‘hyperventilating’. Just why would such superlatives ever apply to shacks? Can no one in the media recall we didn’t used to talk about shacks like this? And we could pay them off with one income, in 15 years.

    The PTB have obviously turned shacks into an economic destablizing casino. It’s dumb, doomed to fail over and over. But outfits like Banker think we can bluff our way out of a crash. Nope. I would like to point out that like many other voices that have caved to the REIC, this organization was an advocate of sanity last decade. No more.

    1. Realtors are liars.

      What is this hot mess of Realtorbabble I’m reading here?

      And if a Realtor lies alone in the woods, will anyone hear the lie?

    2. Oh so how media portrays them is critical? Appearances. Perception. Not about truth or reality. But then neither is the description of a house that “boasts” any feature at all especially while ignoring fundamentals of a solid house and features that really matter, which are treated as side notes if at all.
      One dumb realtor redundant I know had to call the builder to see if the newly constructed luxury property she was selling was equipped with a salt pool or a chlorine and didn’t know what I was talking about when I asked her about the AMPS.

    3. “The only thing worse than a market panic is one sparked by accidental falsehoods.”

      More like the only thing worse than a market bubble is one supported by falsehoods.

  4. Today is Sunday, September 19th and Joe Biden is not the legitimately elected president of the United States.

    The 2020 election was stolen.

      1. SOCIALISM
        Published January 18, 2019

        The findings are in line with past surveys. A 2004 poll found that among sociology professors, 25 percent self-identified as “Marxist,” 49 percent identified as Democrats, and 5 percent as Republicans. It’s not just sociology – in social sciences broadly, more professors identified as Marxist than as conservative.

        On RateMyProfessors.com, where students evaluate professors, hundreds of reviews say things such as “you basically have to pretend to be a Marxist in order to get an A” and “as long as you show Marxist ideology in your papers you will pass.”

        Majoring in the humanities or social sciences was one of the biggest factors – doing so increased the odds of a student shifting left by about 50 percent. On the flip side, majoring in science or business reduced the odds of shifting to the left. So did being involved in a fraternity or sorority.

        For those who do shift left, they’re generally being taught not just traditional socialism, but also a newer “postmodern” variant. The newer ideas focus on the relative “privilege” of different race/gender/sexual identity groups.

        It was professors with that new focus who popularized concepts like “check your privilege,” “microaggressions” and “intersectionality.”
        The lopsidedness of the social sciences impacts students on campuses.

        Promotors of such ideas say they are fighting against oppressive groups and trying to achieve “social justice.”

        A typical college guide explaining the importance of such concepts reads: “Recognizing and understanding privilege is an important step to understanding individual and societal advantages and disadvantages.”

        Such ideas only recently entered mainstream discussions, but have often rapidly found their way into laws, corporate policies and politicians’ statements all across the western world.

        https://www.foxnews.com/politics/socialism-rising-universities-and-radical-profs-helping-steer-leftward-shift-in-politics

        1. No matter how you try to repackage Communism , its just a excuse for a dictorship under the illusion of social justice. .

  5. – A little Sunday morning humor and antidote to counteract the Realtor-speak “explanations” and spin on all of the “sudden” inventory and falling prices. No bubble to see here. Move along. Move along.

    – Housing bubble 2.0 is a global phenomenon. Central banks are a global phenomenon. While correlation isn’t necessarily causation, “the shoe fits” in this case.

    https://babylonbee.com/news/cdc-cautions-against-taking-the-red-pill
    CDC Cautions Against Taking The Red Pill
    Health
    September 16th, 2021 – BabylonBee.com

    ATLANTA, GA—“The CDC has cautioned Americans against taking the red pill, as it can lead to severe side effects such as “realizing the truth about the way our society is manipulated by the elites” and “spending all your time on YouTube watching Jordan Peterson videos.””

    “According to the CDC, many are overdosing on red pills, which are a black market drug that has never been approved by the American government.”

    “We’ve seen a lot of people recommend taking the red pill,” said CDC Director Rochelle Walensky. “And we just have to remind everyone that the CDC is not approved by the FDA or any other governing body. It could spread ideas like that freedom is a good thing and that thinking for yourself is a healthy American value. People might start getting the wrong idea.”

    “Walensky said the red pill is contagious, and that just one person taking it could lead to more and more instances of people thinking outside the box of conventional opinion and questioning their leaders.”

    “Meanwhile, the FDA is rushing out an emergency approval process on a new, stronger blue pill to counteract the red pill crisis.”

    🙂

  6. It’s a nobrainer to predict a crash after the unprecedented rapid runup in prices we’ve just witnessed, against the backdrop of an economic slowdown. The only uncertainty is in the timing.

    “So, we urge our peers to lean into the details, and resist the urge to sensationalize small shifts in the market out of fear they’ll miss the early signs of a trend. The only thing worse than a market panic is one sparked by accidental falsehoods.”

    1. Whistling during your stroll past the graveyard will not stave off the zombies.

      “The only thing worse than a market panic…”

  7. I wonder how our friends who bought this spring in an Austin bid war, and decided to wave the inspection in order to buy, are feeling about this news.

    “The Austin Board of Realtors shows a continued decline in housing prices across Northwest Austin compared to peaks seen earlier this summer. The median price for all properties in Northwest Austin—including single-family homes, townhouses and condominiums—dropped to $548,750 in August, according to the newest ABoR data. That is a 7.77% decline in the median price from June 2021,…”

    1. How does this look as a share of the typical down payment used to buy a home in Austin?

      “That is a 7.77% decline in the median price from June 2021, when home prices peaked at $595,000.”

      1. We thought, it couldn’t be that all their projects in the whole country are out of money. It’s not realistic, right?’ she said. But suddenly no one wanted Evergrande’s IOUs anymore. They’d become ‘worthless pieces of paper,’ she said. ‘Then we panicked.’”

        fate of the Federal Reserve IOU
        plan accordingly

    2. Question: How much net did they get from the sale of their San Diego shack vs. how much did they pay for the shack in Austin?

  8. A word to the wise: Once they get rolling, it typically takes a half decade for a real estate correction to play out. So from a longterm wealth preservation perspective, you might want to keep renting for a few more years while the greater fools get washed out before jumping into the home purchase market.

    “However, that higher bid may not come as many homebuyers have done one of three things: exited the market due to soaring costs, suffered buyer fatigue, or chose to wait until a correction intensifies.”

  9. It almost sounds like they were just building homes as financial repositories for investors, rather than as places to live.

    “It would hurt not only the developer’s creditors and investors, but also all those who bought unfinished homes, put their savings in Evergrande’s wealth management products or were among its contractors and subcontractors paid in IOUs.”

    1. If you don’t stop posting these Bitchute links we’re gonna get you banned off of Twitter !!!

      Oh, wait 🙁

          1. Gimme a damn break. You KNOW that any and all Supreme Court activity is publicly documented. This sort of thing would be picked up by every court watcher at every news outlet, Fox and Breitbart included. Nothing there either.

            And where did Pirro get her info? The nonsense about someone lip-reading someone in the Supreme Court gift shop? https://dailyworldupdate.us/scotus-will-hear-the-case-to-reinstate-trump/ The rumor that is labeled as REINSTATEMENT SATIRE. Because that’s such a credible source of news and information? 🙄

        1. FWIW, it’s hard to tell which accountants on Telegram are real. There are 4 claiming to be Jeanine Pirro. The one you cite is promoting Trump Coins. I doubt that’s her account.

          1. That 2020 election was so messed up that the only viable correction would be to hold another election. They rigged a bunch of congress and Senate seats also that tipped the balance to the Democrats. Its wasn’t just Trump .

            I don’t acknowledge Biden as President or Congress and Senate being anything but the byproduct of a rigged election.

            I just wonder how many other times did they rig elections to get these screwball traitors in.

            Criminal power mongers trying to take over the US and bring on a pretty bizarre dictorship.

      1. that would have worse results than they can imagine. it would quickly bring out the citizen’s guns against THEM. and yes, there are still plenty of guns in australia. the ptb didn’t get them all.

        1. I was wondering about that as well. They’ll probably resort to water cannons and tear gas grenades first, should they choose to escalate this. And they might do so if the protests become more wide spread.

          1. what i hope to see is their own weapons turned against them. shoot rubber bullets? if we capture the guns, we shoot them back with their own rubber bullets. if we used that strategy it wouldn’t be long before they grew reluctant to bring any weapons to the protests.

            voting no longer works. we have the numbers, we just need to be smart. we need to always use the most appropriate strategies. that way, if they use deadly force, they’d see where their own deaths are coming from.

            right now, most of them think they are our masters because they have weapons. but with enough numbers they’ll be afraid to use them. they won’t dare. we have guns, but if we’re smart enough, we’ll never need to use them. they need to see that they’re not our masters, but we are their masters. and that can only happen when our numbers grow large enough. and i think they already are large enough. we need expert tacticians at every protest.

  10. From the Matt Damon piece: “Although not as large as he hoped, Damon will still be walking away with a near $3 million profit, not taking into consideration renovation costs and broker fees.”

    In other words, he got his money back out, but didn’t profit.

  11. So, when they hear the TV news anchor introduce a segment by saying that the housing market is ‘weakening’ or ‘cooling’ following months of a hyperventilating market, many are naturally going to fear a crash is imminent.”

    Anyone who is less cognitively impaired than Joe Biden realizes that the MSM anchors are touts and shills for their REIC advertisers and globalist Narrative crafters. The awake & aware also know that media lies and omissions tell their own kind of truth. So do their Orwellian word choices: when they describe the antics of “teens” or “youths” it’s crystal clear which demographic is involved. So “cooling market” means “look out below.”

    1. They are saying so far the vaccine program killed two people to save one.

      But the final tally isn’t in yet because of the under reporting on death and injury, and what the longer term results will be.
      How many deaths and injuries does the FDA need to pull a experimental junk failure gene altering injection, that isn’t even a vaccine.
      So what if they delayed Boosters, except for 65 plus, it the original vaccine shots that need to be pulled.
      Its criminal to suppress cheap drugs that work for a expiermental gene tampering junk vaccines.
      They never perfected the safety on this junk technology vaccine.
      I want the FDA to be under indictment for negligence in not pulling these killer vaccines from market. Murder, no other word for it.

      1. Ben’s timestamp quoting VAERS is at 4:21:25 in the meeting.
        However, at the 4:01:11 timestamp, the meeting chair begins the Open Public Hearing Session.

        In other words, the speakers and slides quoting VAERS at Ben’s time stamp are not the FDA staff. These presentations are from members of the public who were allowed to vent their anti-vax spiel as part of the typical public comment period.

        (The FDA staff presentation is at 3:14:10.)

        1. FDA staff

          6:26:25. He also compares the VAERS number (60-70 cases per millon doses) to Israel’s numbers (1:6000) as well as a query from another source (200 cases per million doses; 1:5000).

          1. Thanks for that. In the case of myocarditis, especially in young men, the correlation to the vaccine appears to be much stronger than correlations to other adverse events in VAERS.

        2. 4:21:25
          members of the public who were allowed to vent their anti-vax spiel

          Steve Kirsch (see DarkHorse podcast with Bret Weinstein and Robert Malone) who vaccinated his 3 young daughters.

        3. as part of the typical public comment period.

          the FDA did not hold public comment. The video must be from another venue.

    1. Speaking of Reuters

      Thomson Reuters Foundation Chairman is also board member at Pfizer

      By: Greg Staley

      Written On: 2021-06-28

      Jim Smith, the Former President and CEO of Thomson Reuters and now the current Chairman of the Thomson Reuters Foundation, the corporate arm of the company, also sits as a board member at Pfizer – except under the name James Smith. Robert Malone, the self proclaimed creator of mRNA vaccines was the first to post Mr. Smith’s LinkedIn profile that showed the connections. The LinkedIn profile that Mr. Malone posted reads that “Jim is a non-executive director of Pfizer Inc.”

      Since that tweet, it appears that Mr. Smith has removed his picture off of his LinkedIn profile in an attempt to make the connection harder to make. However, the pictures are the same person and the “James Smith” that sits on the board at Pfizer admits to being the Chairman of Thomson Reuters foundation and the former president – verifying it is in fact the same Mr. Smith. Mr. Smith is also a “member of the International Business Council of the World Economic Forum.”

      People all over the world are hungry for unbiased information that they can trust. When the chairman of a media company like Reuters also sits on the board at Pfizer how can we believe that there isn’t any form of bias occurring in their coverage of the vaccine rollout? Are we to really believe that there is no conflict here? Do people really believe someone can sit on the board of a major vaccine manufacturer and still provide unbiased coverage of that same vaccine? I don’t think you can remain unbiased – but that’s just my take.

      *We have reached out to the Thomson Reuters Foundation about the connection but did not receive a message back before the release of this article.*

      https://divergemedia.ca/2021/06/28/thomas-reuters-foundation-chairman-is-also-board-member-at-pfizer/

        1. One day I saw a Documentary that showed they are all connected with the most conflict of interest imaginable.
          This was part of the corruption scheme to consolidate power.
          Every institution was infiltrated to advance a One World Order Monopoly Dictorship. It wasn’t enough that they wanted to loot wealth and rig systems, they want to rule the World.

          They speak of populations like they are ants they can enslave or socially engineer to do their biding.
          The Medical Tranny fraud is mass killing , and has nothing to do with health .
          People were just not that fearful of climate change, but this Pandemic of a invisible enemy creates just the mechanism for take over.
          Interesting how Bill Gates is predicting a even worst Pandemic than Covid . What vile new attack do these psychopaths have up their sleeves.
          Controlling the narratives, which is nothing but fraud, is a big weapon for them , along with the fear mongering.
          Now I’m thinking that just based on how destructive and fraudulent these Entities have been so far , I don’t rule out depopulation being one of their agendas. I never would of believed that a year ago, but all I see is death that was preventable.
          Totally insane.

          1. People were just not that fearful of climate change, but this Pandemic of a invisible enemy creates just the mechanism for take over.

            I think you’re right. They found the secret sauce to scare enough people into submission. What they intend to do beyond that remains to be seen, but I doubt it will be benevolent.

          2. I also think that the level of repression being seen in Australia is a dress rehearsal for what will be coming to other countries later.

  12. Reverse leverage is going to be a Bia*tch once the central bankers’ asset bubbles and Ponzi markets start imploding worldwide and laying waste to the Yellen Bux valuations of wanna-be real estate moguls’ property portfolios.

    How 32yo Sydney man has a six-property portfolio

    https://www.news.com.au/finance/real-estate/buying/how-32yo-sydney-man-has-a-sixproperty-portfolio/news-story/51a80dcdbf4be0ec82dfb3f8478c5ff0

    At the age of 32, Bobby Haeri owns six properties in two different states with a net worth of $2.7 million.

    The Sydney father bought his first property when he was just 18, after splitting costs with his sister and father.

  13. Does China have an equivalent expression to “You can’t squeeze blood out of a stone”? How long can the CCP keep playing extend-and-pretend when such a systematically important developer is poised to set off cascading waves of defaults that could wipe out trillions in Yellen Bux skybox valuations from China’s housing bubble? 1.5 million Evergrande bagholders who paid huge deposits for apartments whose construction has been “suspended” are not going to react well – stamping one’s little feet may not suffice to dissipate rage and financial losses in such a scenario. Chinese history is replete with uprisings when the screwed-over masses decided they’d had enough.

    As China’s property giant Evergrande veers toward collapse, its unpaid debts spark protests

    https://www.latimes.com/world-nation/story/2021-09-18/china-evergrande-property-debt-crisis

    SHENZHEN, China — They came from all over the country, dragging cheap suitcases and clutching file folders filled with records, chanting in front of the glassy skyscraper: “Evergrande, pay up!”

    They were the owners of small lighting and plumbing and construction materials companies, suppliers for Evergrande, one of China’s largest property developers — now staggering under more than $300 billion in debt and facing potential collapse.

  14. They are repaying their debts with underwater properties, which suggests that not everyone is going to get repaid, unless every creditor gets a very short haircut.

    In reality, the market is fully capable of working this out, provided the central bankers sit on their hands while the invisible hand works its magic.

  15. Since she cackled about the Biden administration’s disastrous withdrawal from Afghanistan there have been more UFO sightings than Kamala Harris sightings.

    1. It is pathetically obvious that she and anti-President Biden are just puppets, and that the Davos crowd and their Deep State minions are running the US.

  16. Almost time for kickoff.

    Instead of watching the NFL today I will be installing Durock in the shower I demoed yesterday during the time I would have been watching college footfall in years past.

    Screw the Social Justice Warriors.

      1. IIRC, “footfalls” is synonymous with foot steps, as in “Holmes! Did you hear those footfalls in the hall?”

    1. I replaced the guts in one of my toilets. Had to make some adjustments to get it to flush clear, but in the end I think I was successful. I’ll keep an eye on it.

      1. Good for you,

        Anything you can do yourself is a great thing. Plumbers aren’t shy about charging, doesn’t matter if it’s the guts of a toilet, a hot water heater or a second floor leak.

    1. I think they’re posturing. They know very well what the consequences would be should they try to do that.

      As the article mentioned, Obama threatened to do that. It was an empty threat. Obviously, the Banking Clan would not like this one bit. Mint one trillion dollar coin, what’s to stop you from minting as many as you want, other than the guaranteed hyperinflation that would follow?

    2. The platinum coin idea isn’t new. IIRC, Tim Geithner said something similar back during the Fiscal Cliff days.

  17. Until 55 grains of lead, propelled at 3100 fps, starts meeting some Socialist minded community member brainpans, things won’t change. So some suggestions…council members, professors, vax pushers, and more.

    Time for vigilantes to forget the petty criminals and take care of the world destroyers. So, if your terminal, take one with you.

    1. *you’re. Just to show that while I’m a conspiracy theorist with violent tendencies, I can correct my errors.

    1. I didn’t know that Project Veritas has a Bitchute channel, but now that I do I’m subscribed to it.

      YouTube and other pro-censorship globalists, please GFY 🙂

  18. So how did all those 15,000 Haitians huddling under the bridge at the Del Rio border crossing get there? Did they swim to Mexico? So who chartered all the boats that transported them to Mexico? It had to be quite the flotilla.

    I feel sorry for these people. They are being used as globalist pawns to further undermine US sovereignty, but from what I’ve read, they will be sent back to Haiti.

    1. It done gonna be Dem Ole Obama Times™ soon enough, so stop all the belly aching and bad weather bedwetting

    2. Did they swim to Mexico?

      From what I’ve heard, they’re economic refugees from Brazil and Columbia.

      1. It does seem like the Mexicans are outnumbered by the non Mexicans in this migration fiasco.

        economic refugees

        Everyone wants to join the Free Sh!t Army.

    3. I was talking to somebody about this last night. How do ten thousand Haitians just happen to be in northern Mexico? And wouldn’t the US intelligence people have known about it as it happened? It could be this is yet another staged crisis. And I’m not letting go of that fake plastic jet the people were hanging off of in Kabul. It’s a stream of bogus, TV op crap they are feeding us anymore.

      1. It could be this is yet another staged crisis.

        Absolutely. Someone coordinated and paid to get all those people on ships, transport them to Mexico, get them into Mexico, then bus them (about 400 buses) to the border, feed them along the way, etc. And those are just the ones under the bridge. For all we know thousands more are in transit.

  19. The Financial Times
    Markets Briefing Chinese equities
    Evergrande contagion threat hits China and Hong Kong property stocks
    Shares fall to lowest level in 5 years as payment deadline looms for debt-laden developer
    A peeling logo of Evergrande Oasis, an unfinished housing complex in Luoyang, China
    A peeling logo of Evergrande Oasis, an unfinished housing complex in Luoyang, China. Evergrande’s liquidity crisis has stoked fears of damage to other property developers and financial institutions
    Hudson Lockett and Thomas Hale in Hong Kong an hour ago

    Shares in Chinese and Hong Kong property groups fell to their lowest levels in half a decade as an escalating liquidity crisis at developer Evergrande showed signs of spreading beyond the sector.

    Evergrande, the world’s most indebted property developer, faces obligations of more than $300bn to creditors and other businesses and a crucial interest payment deadline on its offshore bonds on Thursday.

    The company’s Hong Kong-listed shares fell as much as 18.9 per cent on Monday. The drop underscored concerns about the broader health of China’s real estate sector and triggered a wider sell-off, sending the Hang Seng Property index, which tracks a dozen listed developers, down almost 7 per cent, to its lowest level since 2016.

  20. The brainwashed left in this Country better wake up quick to the fact that a invasion of US and other Countries is taking place right now, and no Communist utopia of Social Justice will be delivered.

    1. The brainwashed left in this Country better wake up quick

      True believers will always refuse to see the writing on the wall. Remember that idiot who travelled to South Africa and shook hands with his daughter’s murderers after they were found not guilty on a technicality?

      1. I know the type you speak of Colorado.
        But there must be a type on the left that can function and has some logic left that is seeing that what is happening is just plain nuts.

        1. But there must be a type on the left that can function and has some logic left that is seeing that what is happening is just plain nuts.

          I don’t know. I know several people who in their personal lives behave conservatively: they save for their retirement, have stable families, own small businesses, etc. Yet they pull the D lever every election like clock work. One possible factor: they are all atheists.

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