You’re Gonna See Some Sellers Panicking A Bit
It’s Friday desk clearing time for this blogger. “People seeking to buy a home in Delaware County were practically offering their first-born child to secure a property earlier this year, Realtor Jamie Kerezsi joked. Now, Kereszi is seeing more price reductions on listed homes and fewer cash offers from buyers. Appraisals are also helping stave off high prices. Last year, if a seller listed a $350,000 home at $450,000, it was likely that they could get a buyer at the latter price, Kerezsi said. Sellers listing far too high are now seeing crackdowns from appraisers who don’t value the home at the asking price.”
“Prospective buyers are also increasingly requesting inspections and thinking twice before buying ‘way overpriced,’ Kerezsi said. ‘The chaos of way over is dwindling,’ she said.”
“According to the Northeast Tennessee Association of Realtors, monthly home sales and prices declined from August. ‘Inventory is beginning to increase as some buyers are backing away from the sizzle,’ said Kristi Bailey, NETAR president.”
“Spokane County’s median home closing price in September was $380,000 , compared to $389,728 in August and a record-breaking peak of $395,000 in July. ‘Sellers over the year have become increasingly overconfident in the market and were pushing pricing up, and it hit a point where buyers aren’t going to pay that (amount) for the house,’ said Ken Sax, managing broker of counsel for Professional Realty Services. ‘Sellers are now having to lower their price and that’s going to lead to a decrease in sales price, and we are getting fewer multiple offers.'”
“Between August and September of this year the median home price dropped from $450,000 to $440,000, according new data from the Pikes Peak Association of Realtors. This dip follows some of the highest home prices and lowest inventory in Colorado Springs’ history. Housing inventory has increased by nearly 200 homes between August and last month. PPAR’s Board Chair George Nehme said prices may be plateauing. ‘We’ve peaked a little bit on the price point,’ Nehme said.”
“The market is pumping the brakes, not only on prices but on sales. Aldo Martinez, the President of Las Vegas Realtors, tells me the market remains healthy, but prices are taking a bit of a breather. ‘You’re gonna see some sellers panicking a bit,’ says Martinez, about sellers, worried their homes didn’t sell in a week.”
“Juanita Vanoy Jordan, the ex-wife of Michael Jordan, sold her Chicago mansion for $4.5 million, less than the $4.72 million she paid in 2007. After Jordan bought the house a year after her divorce, she upgraded the rooftop terrace and media room, suggesting her loss is bigger than $220,000, Crain’s reported. The $4.7 million price tag was a record for the then-new Kingsbury Estates neighborhood when Jordan bought the home in 2007.”
“The Toronto-area real estate market is moving into the fall in fits and starts. Sellers who think that every property sells quickly for an eye-watering price often confront a different reality. Elli Davis, a real estate agent with Sotheby’s International Realty Canada, has also noticed lots of price cuts recently on listings that have been sitting because the asking price was too high to start. Now that more inventory is trickling out, sellers are motivated to reduce their asking price. The sellers who are intent on getting a very lofty price are often just being opportunistic and they’re willing to let a house sit, in her opinion.”
“Listings like that can be costly to an agent in terms of time and expense, she adds. ‘I’m not interested in people who are just testing the market.'”
“Chinese property developers’ bonds and shares slumped on Friday. The Shanghai Stock Exchange on Friday suspended trading of two bonds issued by smaller developer Fantasia Group China Co, with one dropping more than 50%, after controlling shareholder Fantasia Holdings Group missed the deadline on a $206 million international market debt payment on Monday. ‘Typically, a default by a small firm will be viewed as idiosyncratic. However, given tight liquidity for many Chinese developers now, market participants are questioning if this may be a precursor for voluntary defaults by other developers with healthy short-term liquidity positions, but large unsustainable longer-term debt,’ said Chang Wei Liang, Credit & FX Strategist at DBS Bank.”
“Evergrande said in an exchange filing that it would sell a 9.99 billion yuan ($1.5bn) stake it owns in Shengjing Bank Co Ltd to a state-owned asset management company. The bank, one of Evergrande’s main lenders, demanded all net proceeds from the sale go towards settling the developer’s debts with Shengjing. The move underscores how Evergrande is prioritising domestic creditors over offshore bondholders.”
“‘We are in the wait-and-see phase at the moment. The creditors are organising themselves and people are trying to figure out how this falling knife might be caught,’ said an adviser hired by one of the offshore Evergrande bondholders.”
“In Shenzhen, a straw poll of agents downtown suggested the price of homes in new developments has fallen between 5% and 10% in recent months, but they predicted the tapering in demand will be short-term. ‘Home prices are super low now, compared to last year, thanks to the government measures,’ said a salesperson at an office of Lianjia, China’s largest real estate broker. But if agents are bullish, buyers have mixed views. ‘Ten percent cheaper is still beyond my reach,’ said Shi Yong, an accountant in Shenzhen who has given up hope of owning an apartment.”
“Some property investors like Rebecca Hu worry that the government price curbs will dent the value of her new apartment in Zhongshan, a city about 100 km west of Shenzhen. Hu and her four colleagues working in a five-star hotel in Shenzhen chipped in their savings and invested this year in a waterfront apartment worth 2.4 million yuan ($372,000). ‘The salesperson said the value would double in three years’ time and our intention was to flip it for a profit,’ said Hu.”
“With falling retail sales to contracting manufacturing — and the Evergrande debacle ongoing, Hu was not convinced of a sustained increase in property prices. ‘We may have to wait longer than initially expected to achieve our intended return on investment,’ she said. ‘And that’s premised on the fact that we could still hold on to our existing job to service our mortgage.'”
Comments are closed.
Real Journalists.
7% of polled Americans have “a great deal” of trust in the media? LOLZ who are these people?
https://news.gallup.com/poll/355526/americans-trust-media-dips-second-lowest-record.aspx
President Donald J. Trump was, in fact, correct when he said that “the media is the enemy of the American people.”
FJB
https://www.outkick.com/f-k-joe-biden-chants-are-taking-over-college-football-spreads-to-baseball/
Saw my first “Let’s Go Brandon” T-shirt yesterday. The globalists must be apoplectic with rage that their carefully contrived media narratives of “most popular president ever” are being belied by the mass shows of defiance at sporting events and in pop culture.
7% of polled Americans have “a great deal” of trust in the media? LOLZ who are these people?
One of these guys is college friend of mine; a retired College professor believes everything CNN and the NYT say. He sends me a fair number of CNN Youtubes and I just shake my head. I quit responding because, why waste my time. He is still B#itching about the 2004 election being stolen. (from bottom of last post)
‘Last year, if a seller listed a $350,000 home at $450,000, it was likely that they could get a buyer at the latter price, Kerezsi said. Sellers listing far too high are now seeing crackdowns from appraisers who don’t value the home at the asking price’
That’s some rock solid lending right there.
Bahahahahaha … the term “appraiser” is a misnomer; The term should be “annointer”.
Ignorant pukes who have somehow gained access to money bid up housing prices and these prices are magically transformed into to values – values not only for the house that was sold but also values for the numerous similar houses that happen to be located nearby.
The appraisers are not the one who establishes these new values, the highest bidder is the one who establishes these new values. The highest bidder is the true appraiser, the person with the title of appraiser is the annointer; He officially annoints the new “going price” as the current value, a current value that is created by the highest bidder who is probably some totally dumbed-down ignorant puke who has been allowed access to gobs of money.
Or cash….the ultimate price discovery killer as there’s no bank financing or appraisal involved.
Incorrect. That rare cash sale is somehow used in the “appraisal” of financed houses.
Sounds like a problem. A big one.
‘Typically, a default by a small firm will be viewed as idiosyncratic. However, given tight liquidity for many Chinese developers now, market participants are questioning if this may be a precursor for voluntary defaults by other developers with healthy short-term liquidity positions, but large unsustainable longer-term debt’
You mean good money after bad Chang? Dang, the all in this together thing could get outta hand!
“What do you mean you want an inspection? That’s a bridge too far for us.”
‘it would sell a 9.99 billion yuan ($1.5bn) stake it owns in Shengjing Bank Co Ltd to a state-owned asset management company. The bank, one of Evergrande’s main lenders, demanded all net proceeds from the sale go towards settling the developer’s debts with Shengjing. The move underscores how Evergrande is prioritising domestic creditors over offshore bondholders’
Screw those round eyes! Sounds kinda cartoonish. Here, I sell you worthless paper and you give me back worthless paper.
‘The creditors are organising themselves and people are trying to figure out how this falling knife might be caught’
I know, set up yer chairs in a circle! I think the knife is sticking out of the tops of yer heads.
** “I know, set up yer chairs in a circle! I think the knife is sticking out of the tops of yer heads”
the final season of Walking Dead bleeds through the comments.
‘less than the $4.72 million she paid in 2007. After Jordan bought the house a year after her divorce, she upgraded the rooftop terrace and media room, suggesting her loss is bigger than $220,000’
‘The $4.7 million price tag was a record for the then-new Kingsbury Estates neighborhood when Jordan bought the home in 2007’
A record, the winnah!
Those nominally small amounts to the right of the decimal point add up when discussing a figure in millions of dollars in relation to the financial situation of a multimillionaire athlete’s ex-wife .
to further your excellent post professori . . .
athlete: intensely concentrating on goal points.
spouse: just as intensely concentrating on dollar decimal points.
“In Shenzhen, a straw poll of agents downtown suggested the price of homes in new developments has fallen between 5% and 10% in recent months, but they predicted the tapering in demand will be short-term.
Super low means 25 times avg household income? Umm WTF
‘Ten percent cheaper is still beyond my reach’
‘‘The salesperson said the value would double in three years’ time and our intention was to flip it for a profit…We may have to wait longer than initially expected to achieve our intended return on investment…And that’s premised on the fact that we could still hold on to our existing job to service our mortgage’
The important difference here is Shi is not a gamblah and Becca is. Becca already borrowed a sh$tload of money and Shi will eventually be a vulture. This is the age old story of how bubbles always pop.
Double in 3 years then plow all that ish right into Doge coin bitchez
“…The salesperson said…”
That’s the cue to turn around and run as hard as you can in the opposite direction.
** “The salesperson said”
that statement caught my attention as well. seems to be the fallback excuse of the greedy gullible: “they said”
‘This is a hell of a chart from UBS showing the default rate of Chinese junk bond issuing property developers. Meanwhile the sale of existing homes in the top 10 largest Chinese markets is down 44% year on year.’
https://twitter.com/AvidCommentator/status/1446313849599131653?s=20
Worser. Note: they are called junk bonds.
Junk bonds where Chinese national creditors are at the front of the line and Wall Street investors are at the back…
These yahoos are such self-serving globalists that they are shocked when China is China-first. They deserve a little comeuppance.
Naples, FL Housing Prices Crater 24% On Soaring Mortgage Defaults And Plunging Demand
https://www.movoto.com/fl/34103/market-trends/
As one Naples broker explained, “Housing is radioactive.”
“Sellers listing far too high are now seeing crackdowns from appraisers who don’t value the home at the asking price.”
Who writes this shit?🤣🤣🤣
Now appraisers suddenly decide to do their job?
they didn’t have a job to do when people came with all cash offers.
The problem with that notion is they were cash offers.. borrowed cash.
Yep, just because there’s no mortgage lien on the county clerk’s website doesn’t mean the “cash” wasn’t borrowed elsewhere.
So what? If no bank is involved, no appraiser is involved.
Incorrect.
That sale is used to “appraise” subsequent transactions. Financed.
Sounds like a problem. A big one.
Back when I bought my house I put 40% down on a Countrywide fixed-rate conforming mortgage, and they waived the appraisal, but there’s no getting out of the title search.
after watching many interesting TV rerun episodes of American Greed, I’m always stunned by how little research investors do into the backgrounds of people/organizations making claims of high returns.
Now this may be just me but I figure all the effort & hard work to acquire a sum to invest would surely benefit from just a little due diligence.
however, as Depeche Mode says,
“confidence, taken in
by a suntan,
and a grin”
“Now this may be just me but I figure all the effort & hard work to acquire a sum to invest would surely benefit from just a little due diligence.”
It is mostly just you; Most people, when it comes to dealing with money, are as dumb as rocks.
Dumb as rocks
and
Greedy as pigs.
“In related news, people nationwide are reporting strange hissing sounds coming from their recently acquired homes. Realtors assure them this is nothing to worry about, it will stop any day now once everyone returns from their summer vacations.”
I asked my realtor about that sound. She said it was just a few snakes and her landscape architect will take care of it. She also said I should offer over asking and offer my wife up for a weekend if I’m serious about buying.
It’s Friday desk clearing time for this blogger. “People seeking to buy a home in Delaware County were practically offering their first-born child to secure a property earlier this year, Realtor Jamie Kerezsi joked. Now, Kereszi is seeing more price reductions on listed homes and fewer cash offers from buyers. Appraisals are also helping stave off high prices. Last year, if a seller listed a $350,000 home at $450,000, it was likely that they could get a buyer at the latter price, Kerezsi said. Sellers listing far too high are now seeing crackdowns from appraisers who don’t value the home at the asking price.”
– So why were appraisers OK with ‘way overpriced’ last year and up until about mid-year this year, but not now? There couldn’t possibly be any appraisal fraud, could there? I sure hope nobody paid too much! BTW, if there are price reductions (hey, the realtor said so), and house price is set at the margin, then guess what? Buyers are now of the mindset to expect price reductions on everything. Caution! Falling comps ahead! Oh, dear!. Just don’t try to catch a falling knife. Check back on the housing market in 2-3 years. Mean reversion’s a bitch. Recall that this Housing Bubble 2.0 is part of The Everything Bubble, so it’s only going to be compounded by imploding stock and bond markets. All of this courtesy of the Fed and Gov’t. machinations, manipulations, interventions, and repressions. Remember who owns this when the SHTF. I’m expecting torches and pitchforks this time around, at a minimum.
“Prospective buyers are also increasingly requesting inspections and thinking twice before buying ‘way overpriced,’ Kerezsi said. ‘The chaos of way over is
dwindling[cratering],’ she said.”– Buying a rapidly depreciating asset (long-term, ex bubble/mania) with high carrying costs, including maintenance and repairs out the wazoo, without an inspection is sheer idiocy.
– Everything about this article excerpt screams housing bubble/mania, that has now burst and the “lucky winners” who outbid everyone else are screwed from day one when they overpaid. This is all playing out as per Housing Bubble 1.0, with similar behavior and outcomes. History may not repeat (exactly), but it does rhyme.
– Speculation and excessive debt vs. hard, honest work and prudence. I think well find out which one actually works in an economy (again) soon.
They hate whitey, they hate Jesus, and they hate you:
“The poll also showed that Trump voters are concerned about Christianity in the U.S., with 84 percent saying they strongly or somewhat agree that the faith is “under attack.”
https://thehill.com/homenews/news/575899-84-percent-of-trump-voters-are-worried-about-discrimination-against-whites-poll
Why does the top executive of the Southern Poverty Law Center have a chart on the wall of his office depicting the projected date of whitey becoming a minority in the United States?
Why is that, exactly? It’s almost as if these non-elected globalists are undertaking a campaign of white genocide.
All while operating as a tax exempt organization, and having convinced most of the sheeple that they are a “civil rights organization.”
The SPLC is a genocidal terrorist organization. That’s who they are, and that’s what they do.
Morality writ large is under attack. The imposition of globalist-authored collectivist ideologies depends on the destruction of traditional morality and values, and the tolerance of if not participation in endemic corruption in both the private and public spheres. The only way you can steal elections and engage in patronage and graft rackets on a grand scale is if a huge proportion of the population has a seriously defective moral compass or is fundamentally amoral if not wittingly evil. Every single “D” voter fits that description.
194,000 new jobs last month?
Welcome to the recoveryless recovery.
“This sucker could go down” — George W. Bush
Let’s go Brandon!
hahahahahahahahaha…. that’s funny.
“Let me go to the jobless rate — wow, big decline, 4.8 percent, 5.1 was expected…………yet there are help wanted signs everywhere, maybe people found ways to make enough $$$ off the books?
https://www.mediaite.com/news/whoa-cnbc-hosts-offer-stunned-live-reaction-to-real-low-jobs-report/
Imagine what the real numbers look like, if even our fake, Soviet-style official stats show an economy in free-fall.
Did they run out of greater fools with buckets of money and boxes of stupid?
“Prospective buyers are also increasingly requesting inspections and thinking twice before buying ‘way overpriced,’ Kerezsi said. ‘The chaos of way over is dwindling,’ she said.”
The cockroaches are scurrying about in plain view on the kitchen floor.
‘Typically, a default by a small firm will be viewed as idiosyncratic. However, given tight liquidity for many Chinese developers now, market participants are questioning if this may be a precursor for voluntary defaults by other developers with healthy short-term liquidity positions, but large unsustainable longer-term debt,’
Cockroach Theory
The Financial Times
Evergrande Real Estate Group
Advisers say Evergrande failing to engage with investors as default looms
Bondholder representatives say they have had no details of potential asset sales by the Chinese developer
An Evergrande housing complex under construction in Shenzhen
Law firm Kirkland & Ellis and US investment bank Moelis were hired by international bondholders in the lead-up to a crucial interest payment on September 23 that Evergrande failed to make
Thomas Hale in Hong Kong
5 hours ago
Advisers to a group of international investors in Evergrande say the heavily indebted Chinese developer has not meaningfully engaged with them or provided details of potential asset sales despite their requests, as they braced themselves for a looming default.
Law firm Kirkland & Ellis and US investment bank Moelis were hired by international bondholders in the lead-up to a crucial interest payment on September 23 that Evergrande failed to make, sparking volatile trading across international markets and a global reckoning over the health of the Chinese real estate sector.
Evergrande has a 30-day grace period on the first missed payment before a default is officially declared. It also missed a second payment on September 29.
The company made no announcement on the missed payments. The advisers, who represent a group of bondholders with $5bn of Evergrande debt, said in a call to update them on Friday evening that they had received no “meaningful engagement” with the company since first making contact in mid-September.
Bert Grisel, a managing director at Moelis, told investors on the call: “We all feel that an imminent default on the offshore bonds will occur in a short period of time.”
…
Beijing will likely restructure Evergrande’s businesses and its onshore debts beginning with the firing squads.
A small part of China I actually respect. We should be doing that with our bankers.
The Financial Times
Property sector
Half of China’s top developers crossed Beijing’s ‘red lines’
Property sector deleveraging drive in focus as crisis at Evergrande raises risk of default
Andy Lin, Thomas Hale and Hudson Lockett in Hong Kong
11 hours ago
Almost half of China’s 30 biggest developers were in breach of at least one of Beijing’s recently introduced rules on property sector leverage, according to a Financial Times analysis of the latest available data.
In August last year, the Chinese government unveiled the “three red lines”, which aim to constrain property developers’ debt according to three balance sheet metrics: the ratio of liabilities to assets; net debt to equity; and cash to short-term borrowings.
The FT analysis, based on data from Beike Research, part of Chinese property group KE Holdings, showed that among the 30 developers, 14 had breached at least one red line as of June 14. These companies accounted for the majority of the 30 developers’ sales last year.
The findings come as Chinese group Evergrande, the world’s most indebted developer, teeters on the edge of default after missing an interest payment last month.
Evergrande’s problems have thrust China’s deleveraging policy into the spotlight and convulsed global markets. The company is the most extreme example of the high leverage that has for years funded Chinese real estate development — and underpinned the country’s rapid growth — and which the government is now seeking to rein in.
Only a few of the 30 developers in the FT analysis had violated two or more red lines but liquidity crises at those companies, including Evergrande and Guangzhou R&F, have raised concerns about contagion to China’s wider economy
If developers breach the rules, they face caps on their ability to raise new debt.
…
An awesome question that has yet to be answered
https://www.bitchute.com/video/X3RzjfztpVVU/
14 seconds.
“An awesome question that has yet to be answered.”
It is a logical-based question thus it can not nor it will not be answered. In our current dumbed-down society only emotional-based questions can and will be answered.
In today’s world the answers to logical questions are filled with emotions. That’s because emotions drive action whereby logic does not.
We’ve separated the thinking from the science.
This is interesting, a short clip:
Deep State Faces Final Ultimatum Today – End Covid Now Or Database Of Dirt Gets Dumped
https://www.bitchute.com/video/iRzGA5RI6EvM/
4:16.
The full interview at the website:
https://nationsinaction.org/maria-zack-returns-on-a-warrior-calls-to-break-news-on-the-shadow-government/
This is 1 hour 4 minutes.
Arrest,
Trial,
Conviction,
Exexution.
That’s what you globalists have coming.
You stole the 2020 election, and the punishment for treason is DEATH ☠
South Africa’s Highest Court Set To Free The Continent From The New World Order & The Central Bank
https://www.bitchute.com/video/6m4ttykWpWQY/
17:34
$243,300
1809 E Whitehall Dr, Williams, AZ 86046
Pre-foreclosure/auction
https://www.zillow.com/homedetails/1809-E-Whitehall-Dr-Williams-AZ-86046/7372443_zpid/
6/21/2021 Foreclosed auction unpaid balance
Home in default past due
6/17/2007 Loan issued $179,550
Yes, that’s an aerial photo, probably from the county. Again, not in Williams but off the highway to Grand Canyon. This area is a spider web of dirt roads. Most likely a trailer. 14 years later and 2007 strikes again.
Most likely a trailer
On Google earth, it looks like a small ranch. Identical to the neighboring houses.
A small scorpion ranch maybe.
This is a 1176 square foot, manufactured home located at 1809 E Whitehall Dr, Williams, AZ 86046, which is out in the middle of nowhere. Only $243,300 — bid high, bid early!
“Let’s Go Brandon” Is Paged At Chicago O’Hare
https://www.bitchute.com/video/DQeu2knWeBzJ/
21 seconds.
BWAHAHAHAAHAAAA!
Race for Profit
How Banks and the Real Estate Industry Undermined Black Homeownership
By Keeanga-Yamahtta Taylor
With a new foreword by the author
Taylor documents how deeply racialized, exploitative real estate practices continued long after the establishment of legal bans on housing discrimination. She recounts a pattern of predatory inclusion: the industry charged African Americans high interest rates, encouraged them to buy over-valued houses that they could barely afford, and pushed them into neighborhoods where property values were unlikely to increase. Taylor argues that liberal policies supposedly designed to advance racial justice were, in fact, largely shaped by profit seeking and the influence of the private sector. As a result, Black homeownership did nothing to narrow the gap in Black-White wealth, and residential segregation and inequity in neighborhood investment and schools were further entrenched.
…
First the real estate industrial complex redlined blacks out of homeownership. Next they put guns to the heads of prospective black homeowners, forcing them to overpay on interest rates and purchase prices of the homes they were required to buy.
Conclusion: Real estate is racis’, no matter what.
It couldn’t be that policies based on systemic discrimination to favor members of one race over others are doomed to fail?
I foresee a Noble Prize in his/her future!
f’ing autocorrect
Why Evergrande Collapsed – Our Chinese Houses Crumbled
https://www.youtube.com/watch?v=lKbLB_T-IjY&t=17s
They have the skills to build things right, but rampant corruption prevails when nobody is paying attention.
The gargantuan scale and degree of speculative ferver in the Chinese real estate bubble seems to dwarf anything seen in the West during the 2007-2009 sheep shearing event.
How much longer can they keep it propped up before the culmination of an overwhelming wastage of construction materials and efforts winds up as massive heaps of worthless rubble?
massive heaps of
debt. The China Miracle!
Coppell, TX Housing Prices Crater 21% As Appraisal And Mortgage Fraud Blankets Dallas Area
https://www.movoto.com/tx/75019/market-trends/
As a leading economist advises, “Mortgage debt is the most toxic and damaging debt of all. Avoid it at all costs.”
A closely watched pot never boils over.
October 8, 2021
9:00 AM PDT
Last Updated 7 hours ago
China
Evergrande creditors fear imminent default as concerns shake sector
By Anshuman Daga and Scott Murdoch, Clare Jim
5 minute read
Summary
— Evergrande bondholders worried about lack of information
— Evergrande bond trustee Citi hires Mayer Brown -source
— Evergrande due to pay nearly $150 mln in coupons next week
SHANGHAI/SINGAPORE/HONG KONG, Oct 8 (Reuters) –
China Evergrande Group offshore bondholders are concerned that it is close to defaulting on debt payments and want more information and transparency from the cash-strapped property developer, their advisers said.
Evergrande, which could trigger one of China’s largest defaults as it wrestles with debts of more than $300 billion and whose troubles have already sent shockwaves across global markets, missed payments on dollar bonds, worth a combined $131 million, that were due on Sept. 23 and Sept. 29.
With Evergrande staying silent on dollar debt payments and prioritising onshore creditors, offshore investors have been left wondering if they will face large losses at the end of 30-day grace periods for last month’s coupons.
A group of bondholders have enlisted investment bank Moelis & Co and law firm Kirkland & Ellis to advise them.
Offshore bondholders want to engage “constructively” with the company, but are concerned about lack of information from what was once China’s top-selling property developer, said Bert Grisel, a Hong Kong-based managing director at Moelis.
“We all feel that an imminent default on the offshore bonds is or will occur in a short period of time,” Grisel said on a call with bondholders on Friday.
“Unfortunately, so far, we have had a couple of calls with the advisers,” but there had not been any “meaningful dialogue with the company or provision of information”, he said
Evergrande, which faces nearly $150 million in offshore payment obligations next week, did not respond to a Reuters request for comment.
…
Mom Gets Standing Ovation Calling for Mass Exodus from Public Schools
https://www.bitchute.com/video/mAhxUQiHDQSt/
1:30
Cartel members with AK-47s are taunting Border Patrol agents in broad daylight yet the Biden administration says nothing but instead targets soccer moms who attend school board meetings and object to their kids being forced to wear masks while they are being taught Critical Race Theory.
‘Drug cartel’ members involved in human smuggling from Mexico appear to TAUNT Border Patrol agents by standing across Rio Grande while brandishing AK-47s and wearing tactical vests
By RONNY REYES FOR DAILYMAIL.COM
PUBLISHED: 17:02 EDT, 6 October 2021 |
It comes as agents arrested eight migrants with criminal records last week, including a cartel member, an MS-13 gang member and three previously convicted sex offenders
https://www.dailymail.co.uk/news/article-10066069/Suspected-cartel-members-involved-human-smuggling-Mexico-taunt-Border-Patrol-agents.html
Calling for Mass Exodus from Public Schools
It has come down to this. The system is so corrupt and rotten that walking away from it is the only solution.
Viral Mic Drop Moment: California Nurse Asks County Board Why Vaccines Necessary If They Don’t Work
Infowars.com
October 8th 2021, 2:53 pm
A California nurse asked a board meeting why vaccines are necessary if they don’t work, in a video going viral on social media.
“Why do the protected need to be protected from the unprotected by forcing the unprotected to use the protection that didn’t protect the protected in the first place?” the nurse asks the San Diego County Board of Supervisors.
https://www.infowars.com/
Watch: Psaki Blames Unvaccinated People For Biden’s Terrible Polls
Infowars.com
October 8th 2021, 6:43 pm
Flustered Psaki uses Covid pandemic, unvaccinated as scapegoat to hide real reasons Biden’s horrible poll numbers.
https://www.infowars.com/
They think that they can get away with blaming the unvaxxed because they believe that the unvaxxed are all deplorables who never did or will vote for them anyway. They keep forgetting that the Black community are also anti-vax although for a different reason. I asked a black friend of mine how blacks felt about getting a vax or losing their jobs. She said that they don’t like it but they’ll “get the shot in order to eat.” But I don’t believe the vax mandate is enough to turn blacks against Biden. Evidently Trump was still much worse.
Evidently Trump was still much worse.
You and your friend need to branch out from the MSM. Trump’s support among African Americans is quite strong.
If the owner of this blog allows I will be posting this again when the day and topic flip.
Hi-Rez & Jimmy Levy – This Is A War (Official Video)
122,153 views
Premiered Oct 7, 2021
https://youtu.be/O9a_P0evO7Y
I will not be reposting this video when the day and topic flip 🙂 However for those Heterosexual Cisgender men out there who have always agreed with the sex they were assigned at birth, you may find this video interesting.
PS
I believe this girls 1975 walk at the beginning of the music video is the sexiest walk I have ever seen.
Deconstructing a Myth: Sloopy Girl
147,262 views
Sep 20, 2021
https://youtu.be/wQvNxN1lSdw
This video gets right to the walk.
https://youtu.be/3E0xJpi9rK8
https://swprs.org/the-wef-and-the-pandemic/ 👀 👀 👀
WEF “Young Global Leaders”
An overview of some WEF Young Global Leaders (2005-2021) and Global Leaders for Tomorrow (1993-2003) in politics and the media. The list is not exhaustive.
United States
Politics and Policy
Jeffrey Zients (White House Coronavirus Response Coordinator since 2021, selected in 2003), Jeremy Howard (co-founder of lobby group “masks for all”, selected in 2013), California Governor Gavin Newsom (selected in 2005), Peter Buttigieg (selected in 2019, candidate for US President in 2020, US secretary of transportation since 2021), Chelsea Clinton (Clinton Foundation board member), Huma Abedin (Hillary Clinton aide, selected in 2012), Nikki Haley (US ambassador to the UN, 2017-2018), Samantha Power (US ambassador to the UN, 2013-2017, USAID Administrator since 2021), Ian Bremmer (founder of Eurasia Group), Bill Browder (initiator of the Magnitsky Act), Jonathan Soros (son of George Soros), Kenneth Roth (director of “Human Rights Watch” since 1993), Paul Krugman (economist, selected in 1995), Lawrence Summers (former World Bank Chief Economist, former US Treasury Secretary, former Harvard University President, selected in 1993), Alicia Garza (co-founder of Black Lives Matter, selected in 2020), Stéphane Bancel (Moderna CEO).
Media
CNN medical analyst Leana Wen (selected in 2018), CNN chief medical correspondent Sanjay Gupta, Covid Twitter personality Eric Feigl-Ding (a ‘WEF Global Shaper‘ since 2013), Andrew Ross Sorkin (New York Times financial columnist), Thomas Friedman (New York Times columnist, selected in 1995), George Stephanopoulos (ABC News, 1993), Lachlan Murdoch (CEO of Fox Corporation).
Technology and Social Media
Microsoft founder Bill Gates (1993), former Microsoft CEO Steven Ballmer (2000-2014, selected in 1995), Amazon founder Jeff Bezos (1998), Google co-founders Sergey Brin and Larry Page (2002/2005), former Google CEO Eric Schmidt (2001-2011, selected in 1997), Wikipedia co-founder Jimmy Wales (2007), PayPal co-founder Peter Thiel (2007), eBay co-founder Pierre Omidyar (1999), Facebook founder and CEO Mark Zuckerberg (2009), Facebook COO Sheryl Sandberg (2007).
Bring on the gallows!
I don’t think there’s going to be an organized lynching event. It’s going to more like people dragging these scvmbags into the streets and butchering them one by one.
If you’re super rich or a politician, you’re in.
“Spokane County’s frenzied housing market…”
No mention of the region’s median income. WTF?