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It Is Far From A Given That The Wheels Will Stay On The Bus

A weekend topic starting with the Review Journal in Nevada. “After a prolonged hot streak in the housing market, at least one flipper is maxed out. Zillow announced it will not sign any new contracts to buy homes ‘through the end of the year.’ Offerpad purchased a two-story, 3,151-square-foot house in Summerlin in late July for $772,000, records indicate. It then put the home up for sale in late September for $899,900 — a 16.6 percent price jump.”

“A listing for the house says it has new paint, flooring, carpeting and baseboards. It is still for sale.”

The Coeur d’Alene Press in Idaho. “The median sales price of homes in Kootenai County is up to $475,000, an increase of 37% compared to $346,000 in September 2020, according to the Coeur d’Alene Multiple Listing Service. A total of 544 homes were on the market last month – a jump of 24% compared to 438 homes available in September 2020. That increase indicates inventory shortages are easing, which creates a more balanced real estate market, say real estate agents.”

“One real estate agent told The Press the market is seeing price reductions and fewer cash offers. ‘We have been seeing a slow correction on sales prices, the Coeur d’Alene housing market is still strong and competitive,’ wrote Sarah Kestler, Coeur d’Alene Association of Realtors director of communication. Nick Shriner, real estate agent with Windermere Real Estate, said inventory has tripled from spring.”

The Cape Cod Times in Massachusetts. “The robust seller’s market continues across the Cape and Islands, with the median sale price of a single-family home climbing to $625,500 in September, up from $619,000 a month earlier and $550,000 in September 2020, according to the Cape Cod & Islands Association of Realtors. The median price for a condo slipped by a hair’s breadth, from $402,000 in August to $400,000 in September, but still shows a substantial gain from $353,750 in September last year.”

“The statistics recorded across the Cape and Islands mirror the trends seen statewide, with sales volume reductions compared to 2020 but increases versus 2019, according to data released by The Warren Group. ‘The number of single-family home sales has now declined for three consecutive months,’ said Tim Warren, CEO of The Warren Group. ‘There just aren’t enough homes for sale in Massachusetts,’ he said, adding that single-family homes ‘have just gotten too expensive for a lot of buyers. The people who can afford homes already have them, while those with more modest budgets have been left with next to no options.'”

The Augusta Free Press in Virginia. “For the first time in more than a year, sales activity in Virginia slowed in September compared to the prior year. The cooling of the market can also be detected in the moderating price growth. ‘It would be impossible for the housing market to keep up the frantic pace we’ve been seeing over the past 12 months,’ says Virginia REALTORS® 2021 President Beth Dalton. ‘What we’re seeing is a slow return to a more ‘normal’ housing market, and not a big change in home buyer demand.'”

The Los Angeles Times. “Pam Lumpkin is among a small but growing group of Black Angelenos who, though torn, prefer to see what’s happening in South L.A. as an opportunity. One that if seized by enough Black people could lead to an unprecedented transfer of generational wealth and, by extension, slow the pace of gentrification. Or, if squandered, could put the neighborhoods that have long been at the center of Black life in Southern California at further risk of cultural erasure.”

“She’s a real estate agent who has developed a niche market in South L.A., selling homes to an exclusive clientele of Black professionals, and renovating and renting homes for others. This time of crisis has presented plenty of opportunities for her, if not always for everyone else. She tells those who will listen: ‘Don’t sell your house if you’re Black and you’re from this neighborhood. Don’t sell your damn house!'”

“Lumpkin is optimistic about what’s ahead for South L.A. ‘I think people are going to hold on to their houses and I think Black people are going to continue to buy, and I think the enclave that was here when I was growing up is going to come back again.’ And it’s almost certain that home prices will continue to rise.”

The Los Angeles Times on Florida. “Basketball legend Shaquille O’Neal had more relists (five) for his Florida home than NBA championships (four), but the big man finally sold the mega-mansion for $11 million. That’s a discount of roughly 60% compared with his original price of $28 million. The mammoth deal ends a three-year saga that saw him tap five different agents to try to sell the place.”

From Reuters. “U.S. home prices are rising rapidly because of low interest rates and as people seek out living space during the COVID-19 pandemic, but the trend doesn’t yet pose big risks for financial stability, New York Federal Reserve Bank President John Williams said. Housing prices could come down later if preferences change, Williams said, but there is less credit risk in the housing markets and banks are better prepared to handle that kind of shift than they were before the Great Recession.”

“‘I think there is clearly a risk … that house prices could come down and I think that’s a risk to the macro economy through the traditional channels,’ Williams said.”

From Interest New Zealand. “Economists at the country’s largest bank are warning that rising mortgage rates could make the housing market ‘flip more abruptly than expected’ from a support – to a drag – on household spending and construction activity. ANZ economist Finn Robinson, chief economist Sharon Zollner and senior strategist David Croy note that the ‘dramatic increase’ in wholesale swap interest rates earlier in the week ‘was so large there is real pressure for mortgage rates to rise further before long.'”

“‘This increases the chance that housing market momentum could turn more sharply than forecast and flip more abruptly than expected from a support to a drag on household spending and construction activity,’ they say. ‘And globally, a reassessment of the likely average cost of borrowing over the next few years poses a challenge to asset valuations that underpin household wealth. All up, it is far from a given that the wheels will stay on the bus while the RBNZ steadily increases the OCR [Official Cash Rate] for the best part of a year.'”

From CNBC. “China’s real estate sector has to be ‘substantially smaller’ to keep the overall economy healthy and stable, said a top expert on the Chinese housing market.’We have too big of a risk in the sector. We built too much housing, so the stabilization first has to come [from] trimming the sector,’ Li Gan, an economics professor at Texas A&M University, told CNBC. Gan estimated that about 20% of China’s housing stock is vacant as buyers rack up second and third properties as investments. Even then, developers continue to build millions of new units each year, he said.”

“Gan said lower home prices would allow consumers to spend on other things, which would be healthier for the overall economy. Overall, the contribution of real estate and related industries to China’s gross domestic product could fall from roughly 30% currently to around 15%, predicted Gan. He added that the Chinese government would be able to engineer a gradual slowdown in the real estate sector to avoid a hard landing in the economy.”

“‘Using real estate sector to pump up GDP growth is not … a sustainable path for China,’ the professor said. ‘Some of the real estate companies, I would say, will have to get out of the sector in order for the country and the sector to be healthy. So Evergrande’s problem is just the beginning, many companies would have to exit from the sector because the demand is no longer there,’ said Gan.”

The Mises Institute. “While Federal Reserve Chair Jerome Powell considers the ramifications of his $5 million stock sales prior to the market slump of last year, the rest of us should be left wondering: What else are they not telling us? This week, some lesser-known members of the Fed offered some ideas worthy of consideration. On Tuesday, Governor Bowman, at the Women in Banking Symposium asked her audience how America’s central bank can help women.”

“The Federal Reserve can do a lot to help women. However, the help required is at odds with actions taken by the Fed. For example, the best way the Fed could help women is to simply leave them alone, but the Fed doesn’t want to leave people to their own devices. With less regulation, women would spend less money and time paying for unnecessary fees. They could also face fewer barriers upon entry.”

“Even if beneficial, it’s highly unlikely the Fed would consider less regulation as a viable solution to anything. The idea of interfering less in the lives of people so they can better manage their own affairs is something not normally mentioned by central bankers. Of course, it’s not surprising that the Federal Reserve would prefer people don’t know about this. It would be self-defeating for them if they did!”

“There’s no easy way to say this and it’s not hyperbole or exaggeration; the Fed’s goal was to erode your purchasing power, making life more expensive for you. Naturally, they will not tell you their goal is currency devaluation. But that’s exactly what it is. Rather, they will call it inflation targeting or use other words to make it sound less harmful.”

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This Post Has 75 Comments

  1. ‘The median sales price of homes in Kootenai County is up to $475,000, an increase of 37% compared to $346,000 in September 2020’

    I’m going to go back for some context. In the spring of 2005, the median had just been reported as up 15% by the UHS. They had this infamous liar as head economist, the guy before Larry. When that number came out he said to a camera, “15% is too much even for me.” Of course by the next day he had wrapped it in lies again. But the cat was out of the bag. A 15% increase in shack prices was known by the REIC to be bat sh$t crazy.

    So where do we sit here in 2021. It is casually thrown out that some sh$t hole shack in Idaho is up 30%! Albuquerque too! Austin even morer! Uh oh, Austin is sinking like a turd in a well, so is Dan’s shack, Idaho is over-flowing with new shacks with prices being slashed.

    I used to think these central bankers were just dangerous, reckless idiots. I’m not that charitable anymore. They know what’s going on is bound to crash. This whole CCP virus has been another opportunity to have people end up with nothing and accept it. They said it straight out and in unison.

    2. ‘The median sales price of homes in Kootenai County is up to $475,000, an increase of 37% compared to $346,000 in September 2020’

      I know this area well, and there simply isn’t enough money in circulation to support these prices. Only an equity locust arriving from a coastal metro can make this work.

      1. These are the kinds of areas where locals brag to their buddies about making $14 per hour, vs the $8.75 the others are making.

      2. The realtors up there admit that only California refugees can keep the prices up. But the area is “so small that only a small number of them need to move here in order to do so”. We shall see…

    5. “I used to think these central bankers were just dangerous”

      If brains was lard, they wouldn’t grease too big a pan.

  2. ‘lower home prices would allow consumers to spend on other things, which would be healthier for the overall economy’

    A 6 year old can understand this. So why is it the economic industry whorehouse won’t say it? It’s verboten to criticize the central banking cabal. They want you poor and in debt. It gives them power over you. That’s the only conclusion I can come up with. Sure, it’s evil. Lotsa evil things going on these days.

    1. From the first LA Times article:

      ‘In 2019, just 41% of Black families in California owned their homes, compared with 68% of white families. In fact, for the entire decade starting in 2010, the share of Black Californians who owned was lower than it was in the 1960s, when it was legal to discriminate against Black would-be homebuyers.’

      ‘L.A. County Supervisor Holly Mitchell lamented the latter statistic last month, as Gov. Gavin Newsom signed a bill returning a swath of prime real estate known as Bruce’s Beach to the descendants of its rightful Black owners.’

      “Some of you may be asking yourself why is this action relevant today,” she said at a news conference. “We’re in a county of 10 million, and 5 million of our residents are what we call liquid-asset poor.”

      Yer the poorest state Holly and LA is a broke sh$thole. That’s what these bubble’s do.

      3. “In the 2014 census, the area of South Los Angeles had a population of 271,040. 50.0% of the residents were Hispanic or Latino, 39.7% were African American.”

        https://en.m.wikipedia.org/wiki/South_Los_Angeles

        When it is useful to label a Hispanic as being “white” then white is what he becomes.

        Blacks is South L.A. have been and are being displaced by Hispanics.

        1. Hispanic And Latino Homeowners More Likely To Receive Financial Help Buying A Home
          https://www.forbes.com/sites/brendarichardson/2021/07/12/hispanic-and-latino-homeowners-more-likely-to-receive-financial-help-buying-a-home/?sh=3a0ac4e4b43a

          (snip)

          “A new report by Redfin shows that Hispanic and Latino homeowners have made marked progress in homeownership over the last six years, often at a much faster pace than white or Black Americans, with 50.1% of Hispanic or Latino Americans owning their home in 2020, up from 45.4% in 2014.

          “Familial support is one reason for the rising Hispanic homeownership rate. More than half of Hispanic and Latino homeowners have lived with family without paying rent to help make housing payments, versus 38% of white homeowners.

          “Hispanic and Latino homeowners in the U.S. are also more likely than people of other races to receive assistance making their housing payments and to have adult relatives live in their home.

          “That familial support helps explain why the Hispanic homeownership rate has steadily risen over the last six years, with 50.1% of Hispanic or Latino Americans owning their home in 2020, up from 45.4% in 2014. The Hispanic homeownership rate has increased faster than the rate for white or Black Americans over the same time period.”

        2. Absolutely on both points. Many fed stats label Hispanics as white except when it serves their agenda not to.
          That area was almost 100% black 40 years ago.

      4. I was in downtown LA two years ago this month. It looked like El Salvador. I saw immigrants with 3 kids pushing shopping carts with all their belongings in them.

    2. “Gan said lower home prices would allow consumers to spend on other things, which would be healthier for the overall economy.”

      I like this economist Gan. Given his amazing insights, perhaps he should be considered for a future appointment to the Federal Reserve Board.

    3. “‘lower home prices would allow consumers to spend on other things, which would be healthier for the overall economy’”

      This is true for the recent buyers of the houses but it is not true for those who bought some time ago, at lower prices.

      There is a miraculous creation of this equity wealth thingy that is magically created for the many by actions of the few; The few pukes who pay up for their houses create equity wealth for the many people who just happen to live nearby.

      This price-spawned equity wealth is something that can be tapped into and spent. IOW, this equity wealth can be exchanged for debt and spent as if it had been earned. A miracle!

      (Which works fine, until it doesn’t. 😁)

  3. ‘Don’t sell your house if you’re Black and you’re from this neighborhood. Don’t sell your damn house!’

    Redlining is perfectly legal, so long as white people aren’t doing it.

    1. So riddle me this: Why is “Black” uppercase, and all other races are lower case? I’d love to see the current style guide used by Real Journalists at globalist propaganda outlets.

    2. selling homes to an exclusive clientele of Black professionals, and renovating and renting homes for others.

      And “gentrification” is perfectly acceptable, so long as Black people are doing it.

  5. Or, if squandered, could put the neighborhoods that have long been at the center of Black life in Southern California at further risk of cultural erasure.”

    “Cultural erasure”? It’s a tragedy to see the ghettoization of so many formerly neighborhoods and municipalities that were prosperous and well-tended 50 or more years ago, but the orchestrated campaign of neighborhood-busting by realtors and globalists in the ’60s and ’70s caused a massive white flight that was followed by the usual blessings of multiculturalism.

    1. Boo i still say it wasn’t color of skin but very low class Behavior that made people move. Only true racists would have moved if black school teachers, fireman, police, nurses, etc. moved in next door, but ghetto blasters a 3am, or helll’s angels unmuffled cycles, is not acceptable to the hood.

  6. “Lumpkin is optimistic about what’s ahead for South L.A. ‘I think people are going to hold on to their houses and I think Black people are going to continue to buy, and I think the enclave that was here when I was growing up is going to come back again.’ And it’s almost certain that home prices will continue to rise.”

    When Housing Bubble 2.0 implodes, Lumpkin will be the first to scream that “predatory lending” by rayciss mortgage brokers is responsible for so many blacks being foreclosed on. And of course will demand that their losses be made whole by taxpayers, which the Comrades of Proven Worth (D) will take up as their new cause.

  7. “U.S. home prices are rising rapidly because of low interest rates and as people seek out living space during the COVID-19 pandemic, but the trend doesn’t yet pose big risks for financial stability, New York Federal Reserve Bank President John Williams said.

    “Subprime is contained.” — Ben Bernanke, May 2007

  8. Gan estimated that about 20% of China’s housing stock is vacant as buyers rack up second and third properties as investments. Even then, developers continue to build millions of new units each year, he said.”

    Speculative malinvestment on a grotesque scale: another legacy of the Keynesian fraudsters at the central banks.

  9. Clown World Chronicles

    “Twitter censored two US House Representatives for stating that Biden’s assistant health secretary in the HHS, Dr. Rachel Levine, is a biological male. Levine, who made headlines this week for being name the “first-ever female” four-star admiral in the Public Health Service, lived their first 40+ years as a male before undergoing gender transition.

    Rep. Marjorie Taylor Greene of Georgia wrote on Twitter that “A dude who lived the first 50 years of his life as a man isn’t the first female anything,” going on to say that “China is laughing at us.”

    https://thepostmillennial.com/reps-greene-banks-censored-twitter-rachel-levine

    The moral rot of this country is beyond salvation.

    1. “A dude who lived the first 50 years of his life as a man isn’t the first female anything,”

      ^^This. How can people like Gropey Joe call this thing a woman with a straight face? It’s an insult to women. When are more women going to stand up and say fock this noise? How many 6’4″, jacked, mutilated genitalia freaks have to beat their heads in on a wrestling mat before they say “no mas?” C’mon, ladies, do something.

  10. While the woke left pretends that diversity hires perform just as well as the competent and qualified, and must be hired and promoted in preference to the latter, real-world outcomes say otherwise.

    Armorer, 24, in charge of firearms on the set of Rust ‘once gave an 11-year-old actress a gun without checking it’: Described by co-worker as ‘green and inexperienced’ while working Alec Baldwin’s western before fatal accident

    https://www.dailymail.co.uk/news/article-10124421/The-armorer-Alec-Baldwins-film-Rust-gave-gun-11-year-old-actress-sources-say.html

  11. Re-post from the last thread.

    Washington Post — Biden’s critics hurl increasingly vulgar taunts:

    “During the 2020 presidential campaign, one of Biden’s political superpowers was his sheer inoffensiveness, the way he often managed to embody — even to those who didn’t like him — the innocuous grandfather, the bumbling uncle, the leader who could make America calm, steady, even boring again after four years of Donald Trump.

    But it’s clear that after nine months in office, Biden — or at least what he represents — is increasingly becoming an object of hatred to many Trump supporters. The vitriol partly reflects Trump’s own repeated baseless claims that Biden is a usurper, depriving him of his rightful claim to the presidency, and partly stems from Biden actions that Republicans deplore, from his spending plans to his immigration policies.

    The current eruption of anti-Biden signs and chants, however, is on another level, far more vulgar and widespread.

    The ubiquity of Trump signs, especially in rural stretches of the country, has long been striking, and possibly unprecedented for a losing candidate — especially nearly a year after the election.”

    https://archive.md/PfAnx

    Correction: nearly a year after the election was stolen.

    Globalists, the penalty for treason is DEATH.

    1. Globalists

      There is nothing more vulgar than what these perverts are trying to do to our country.

      FJB

  12. With less regulation, women would spend less money and time paying for unnecessary fees. They could also face fewer barriers upon entry.

    So men would be stuck paying fees but women wouldn’t? I predict that a lot of playboy bunny trophy wives are going to suddenly discover their entrepreneurial spirit.
    Dammit, I thought we ended this feminism crap in the 90s.

  14. and banks are better prepared to handle that kind of shift than they were before the Great Recession.”
    I hate to break it to them, but FHA loans are the most likely to go bad, AND some TBTF banks, including the one I used to work for, just plain quit doing FHA loans. There is a legal clause from the Civil war where if you “defraud” (the Govt will define) the Govt. you can be hit with triple damages. FHA loans that went bad during the Great Recession resulted in huge hits against the banks (in the $100’s of Millions). Anyway, NON-Banks, last time I checked, were making most of the FHA loans. And as Ben has pointed out many times, These non-banks have no assets to speak of, at least not $100’s of millions to cover the potential losses on the FHA portfolios so the Tax payer will need to eat the FHA losses when/if they occur.
    Okay then, maybe it is true, the banks are in better shape because they quit making some of the stupid loans and let non-banks make most of them.

  15. You would have to be clinically insane to buy a shack in any city run by Democrat-Bolshevik loons, who are only going to get more openly Communist now that urban underclass parasites can vote themselves benefits you’ll be paying for.

    Buffalo’s Potential Next Mayor Is a Socialist Who Compares Police to Slave Owners

    https://pjmedia.com/news-and-politics/ari-j-kaufman/2021/10/23/buffalos-potential-next-mayor-is-a-socialist-who-compares-police-to-slave-owners-n1526365

    Buffalo may elect the first openly socialist mayor of a major U.S. city in a generation.

    India Walton, a millennial community organizer in the mold of lunatic U.S. Rep. Cori Bush, won the Democrat primary this summer, where only 10 percent of voters turned out, upsetting the multi-term incumbent Mayor Byron Brown.

  16. Get ready for more supply-chain disruptions.

    China Expects New Covid Outbreak to Worsen in Coming Days

    https://www.bloomberg.com/news/articles/2021-10-24/china-expects-new-covid-outbreak-to-widen-in-coming-days?srnd=premium-middle-east&sref=ibr3A0ff

    China’s new Covid-19 infections will increase in coming days and the areas affected by the epidemic may continue to expand, a health official said.

    The current outbreak in China is caused by the delta variant from overseas, Wu Liangyou, an official at the National Health Commission, said at a briefing in Beijing Sunday.

  17. Had he written this song today Van Morrison might have opened with…

    You can take all the i-Phones in China

    “In the end, who really knows? Maybe it’s just another love song to a woman, or maybe it’s something more. Maybe it’s really a love song to freedom sung by a man who moved to the United States from a part of the world that was still occupied by a foreign force. Like any great artist, Morrison leaves space between the stitches and blurs his brushstrokes a bit, just enough to allow a healthy amount of mystery and ambiguity in.”

    Tupelo Honey by Van Morrison

    The opening lines of Tupelo Honey are:

    You can take all the tea in China
    Put it in a big brown bag for me
    Sail right around all the seven oceans
    Drop it straight into the deep blue sea

    Interestingly, and perhaps not coincidentally, the tea that was dumped into Boston Harbor on the day of the Boston Tea Party was from China.

    But surely, one might say, the mere mention of Chinese tea being dumped into the sea is not enough to alter the more simplistic interpretation of “Tupelo Honey.” That would be true, except that there’s more: “You can’t stop us on the road to freedom/You can’t stop us ‘cause our eyes can see.” Yet again, a “Tupelo Honey” verse, twice sung, that references freedom.

    You can’t stop us on the road to freedom
    You can’t keep us ’cause our eyes can see
    Men with insight, men in granite
    Knights in armor bent on chivalry

    https://www.songfacts.com/place/boston-harbor-boston-massachusetts/tupelo-honey

    Tupelo Honey
    Van Morrison

    10,621,488 views
    Jan 6, 2016

    https://youtu.be/QGkQ4mPiyoU

  18. This is a pearl clutching article.

    The Hill — GOP leaders escalate battle against COVID-19 vaccine mandates (10/23/2021):

    “Republicans this week escalated their battle against the Biden administration over federal COVID-19 vaccine mandates this week, calling for the president to backtrack from the requirements that they consider unconstitutional violations of American rights.”

    https://thehill.com/policy/healthcare/578117-gop-leaders-escalate-battle-against-covid-19-vaccine-mandates

    Note the choice of language: “escalated their battle.”

    My CCP Flu expires in two weeks, at which point I become an outlaw.

    I will never take another vaccine for the rest of my life.

  19. I kicked off the weekend with a trial sub to a newspaper archive site, and have been absorbing a few hours of 2006-2009 reading in my local area.

    So far what is striking is how low the news/conversation volume is turned DOWN on the housing market. I’ve hit the high point and the low point already, but it rarely rates the front page. Heck, even the *real estate* section barely talks about the real estate market, especially during ramp-up, but even during the crash! Not even in the midst of page after page of full spreads from builders with fire sales of new construction.

    People liked to talk about stuff like local traffic, sports, fires, the environment, the stock market. But real estate was still boring, even as people were going to 1-day “classes” on how to buy homes with no credit, money, or job (lots of ads for these). The intrigue was how to make $60-80K on house flips and/or afford a primary residence that you probably couldn’t. I think today’s approaches are much more aggressive, more leveraged, and more long-term exposed.

    I started this reading quest so I could get some fun quotes around the beginning of the crash, to compare to today. I was expecting similar buyers euphoria; it appears it was muted compared with this ramp-up. I will be reading a lot more, but my initial conclusion is we are really screwed this time (economically, not as housing bears), simply because so much more is pinned to housing as a sure-fire way to get and stay ahead.

    2. back in the last runup, The NY Times Real Estate section flat out kept pumping the real estate market, ran articles denying a bubble until it burst. The cater to their advertisers, not to delivering truthful journalism

      Keep us posted what else you discover, Bearly Waiting

  20. All these descriptions of cratering are, hopefully, exaggerated. I’ m looking forward to some triple digit drops.

  21. Eddy Arnold – Make the World Go Away

    https://youtu.be/lq0Ri9e6SY0

    Make my debt go away
    And get it off my shoulders
    Theres nothing left but Crater Rage
    Please make my Debt go away.

    Do you remember when you loved me
    Before the Realtor took me astray
    If you do, then forgive me
    And make my debt go away.

    Make my debt go away
    And get it off my shoulders
    Theres nothing left but Crater Rage
    Please make my debt go away.

    Boulder, CO Housing Prices Crater 21% YOY As Fear, Uncertainty And Doubt Blanket Denver Economy

    https://www.movoto.com/boulder-co/market-trends/

  22. Back patio pleasure washed and heading out front to trim the hedge. Two more items that would have still needed to be done if I was still wasting my time watching the kneeling race baiters AKA the NFL. Hey, that would be a good name for the “Washington Football Team” 🙂

    4th quarter
    Broncos 24
    Kneeling Race Baiters 17

  23. Pleasure-washing sounds like a better way to pass the time than watching football, even without the kneeling.

  24. Using NASA’s Hubble Space Telescope, astronomers studying fast radio bursts (FRB) from outer space have come to a startling conclusion. The FRBs are likely coming from extraterrestrial civilizations several million light years from Earth, and scientists studying the transmissions have decoded the messages in alien languages as “Realtors are liars.”

  26. What’s the over/under on Evergrande ever finishing the skyboxes for which 1.3 million baggies have already put down big deposits?

    China’s debt-ridden Evergrande averts default, resumes work on more than 10 projects

    https://english.alarabiya.net/business/economy/2021/10/24/China-s-debt-ridden-Evergrande-averts-default-resumes-work-on-more-than-10-projects-

    China Evergrande Group said on Sunday it had resumed work on more than 10 projects in six cities including Shenzhen — a statement that comes after it appeared to avert default with a last-minute bond coupon payment last week.

    Evergrande, deep in crisis with more than $300 billion in liabilities, has not disclosed how many of its 1,300 real estate projects across China it has had to halt work on.

  27. These “rare side effects” seem to be adding up.

    Australia Covid news live: Aussie actress suffers stroke after AstraZeneca jab</strong?

    https://www.news.com.au/world/coronavirus/australia/australia-covid-news-live-nsw-could-ditch-rules-early-after-major-victoria-announcement/news-story/fb1e584335b16096cb2aabc4031bcb20

    An Australian actress has suffered a rare side effect to the AstraZeneca vaccine which saw her undergo emergency surgery in a bid to save her life.

  30. I’m either mad or misled or both. Since when did Realtor and Zillow stop putting sold prices on properties when you search by sold? As a dual citizen QUITE happy to be in US and not Canuckistan, are we REALLY going to do the most idiotic thing that Canadian realtors have been getting away with for years? Not having to disclose any price history? IIRC just a couple yrs ago pushover Canadians finally got that changed but I don’t recall details now. Refer to greaterfool.ca on that. What did I miss?

  32. The seeds of Medical Tyranny started way back in the eighties when the Fed Gov. F
    foolishly gave Big Pharmacy immunity from product liability from vaccines.
    What resulted from this was a onslaught of vaccines being produced for everything and children being mandated to take a overwhelming amount of vaccines given even as babies.
    While the evidence kept mounting that excessive vaccine programs for everything was causing damage and adverse side effects, this was covered up.
    So, as the decades continued Big Pharmacy and a pharmaceutical cure for everything became mainstay medicine , in spite of pharmacy deaths increasing every decade, to becoming the third or forth cause of death in US. Somehow this was acceptable to the FDA.
    And now the Medical Tyranny is upon us and Biden is mandating Citizens to take expiermental vaccines from Big Pharmacy Entities that have no liability because this junk injection is labeled as a vaccine.
    It should of been alarming that in recent decades the death count on a yearly basis was increasingly caused by pharmaceutical , but the FDA still continued to allow unacceptable injury by pharmaceutical. So the rise of Big Pharmacy , which has basically taken over the Medical profession , is now taking over peoples lives by their corruption of Government and regulatory agencies.
    You got predators like Bill Gates jumping on the Vaccine profit wagon , and this push by this creep to vaccine the global populations.
    So Big Pharmacy hijacking Government , along with all the other Monopolies is evident , and they couldn’t be more fraudulent .
    But it all started with the dumb ass Government giving Big Pharmacy immunity on vaccines which ended up now being a threat to all freedoms .

  33. I might add that the Medical profession knew that excessive use of antibiotics was creating “Super bug variants that were becoming immune to antibiotics. Also I heard a Dr. say one time that they let up on cleaning standards in most hospitals because the attitude was they would just treat with antibiotics if someone caught something.
    So, now because of Covid you find out just how dangerous vaccines are in terms of compromising immune function, as well as creating variants.
    Interesting how the Amish made a choice to conquer over Covid by allowing natural herd immunity, refusing vaccines, and not taking their elderly sick to hospitals.
    The death rate wasn’t higher in their Community than places with lockdowns and masks, and now they are Covid free, with all their people being naturally having immunity. They also never stopped working during the crisis. The head guy was saying they had highly productive output during the crisis.
    So, its not that these people didn’t get Covid, its just the way these people handled it has made them Covid free today , with natural immunity.
    Now I don’t know if they get religious exemption from vaccines or not , but the head guy said something like they don’t need vaccines because they all got Covid.

    I think in general people did not have that much knowledge about vaccines , and they just assumed that vaccines made your immune system stronger , but no ,a price was being paid.
    But Biden is a Dictorship taking away choice in a person making a choice in the risk benefit to any medical intervention.They are fraudulently covering up the risk of these injections and fraudulent saying they are safe and effective.
    I’m so outraged over these criminal fraudsters rigging the election and bringing on this harm to populations, and now they are trying to take peoples jobs, which is survival.
    How do you stop these psychopaths when they hijacked the Government and the treasonous Biden is their Puppet advancing their bizarre agendas.
    Than you got a certain percentage of the population that are actually supporting this criminal takeover of the US , that don’t even realize what they are supporting. The dumb ass totally conned people who don’t have a clue what’s happening , and what it will lead to.

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