The Daily Increase Of Reductions An Indication Of A Price Threshold
A report from the Wichita Plus in Kansas. “Lange Real Estate realtor Rachel Lange said she’s seen the market shift. ‘Things aren’t as hot and crazy as they were, All of those times have to come to an end,’ she said.”
The Herald Bulletin in Indiana. “For September 2021, pending sales, closed sales, new listings and median sales price in Madison County all declined compared with August. While the signs of a slowdown are there, some local Realtors believe a market correction is both inevitable and overdue. ‘It’s definitely not a bad thing for the real estate market, and the best news is that it’s actually a good thing for Madison County,’ said Steve Thompson, who owns F.C. Tucker/Thompson Realtors in downtown Anderson.”
The Rogersville Review. “‘Last month’s pending sales performance conforms to a more normal seasonal pattern’ Northeast Tennessee Association of Realtors President Kristi Bailey said. Days on the market have been slowly increasing since June. At the same time that the forward-looking indicators are signaling the market is taking a breather, inventory continues improving. She added that that should pick up for the rest of the year as more owners exit the mortgage forbearance program.'”
From Fox 21 News Colorado. “It may not be ‘cool’ quite yet, but the scorching housing market we saw in the summer of 2021, looks to be settling down this fall. Homes are sitting on the market longer than at any point since March, at about 12 days, according to the Pikes Peak Area Realtors Association. PPAR also reports the inventory of homes locally hit a five-year high at 1,184 listings. The median sale price also dropped a bit: from $450,00 in August to $440,000 in September.”
“‘The market has calmed down, there’s just no doubt about it,’ said Randy Bell. ‘In some cases we’re actually seeing our clients get closing costs from the sellers.’ He says other real estate companies may be sensing the shifting trends — last week Zillow announced it was pausing its instant offer and buying program. That could be good news for buyers who don’t have corporate coffers. ‘We sure felt it in Colorado Springs at the pace [Zillow was] buying. It will open the door for more buyers,’ Bell said.”
The Business Journal of Northern Idaho. “Some local Realtors acknowledge that the market has been cooling down a bit, but they think demand will still keep it competitive through the winter ahead. Jennifer Smock, managing broker at Windermere/Coeur d’Alene Realty, Inc., said another thing to note is the price reductions currently seen daily on the local MLS. She said the daily increase gives an indication that the area may have hit some sort of a price threshold that the consumer is setting without even realizing it.”
“‘Buyers are the ones who set value,’ Smock said. ‘They are willing to pay what they feel is reasonable for themselves for a home. Once it gets above this they stop making offers. This is when we start to see prices being reduced on homes.'”
“Emily Beutler, another agent, said the market has seemed to stabilize a bit from where it was six months ago. ‘It’s the most inventory we’ve had on the market in a couple of years, but prices remain high and it is mostly a sellers’ market,’ she said.”
From SK Pop. “As the ACE Family continues to drown in lawsuits, the anticipated auction of their multi-million-dollar mansion finally took place following a foreclosure outside City Hall in Pomona, California. Their house was put up for foreclosure after Austin and Catherine McBroom refused to pay off their debts which had piled up to $9 million.”
“The Hollywood Fix followed the auction closely. It seemed like only two possible property buyers were seen in the auction, but neither of them was willing to buy the mansion, which was being sold for $9 million. Following the uneventful auction, the property went back to the beneficiary. According to YouTuber SLO4N, 5Arch Funding Corp aided the ACE Family in building their dream mansion. Though the ACE Family is worth over $22 million, they could not fulfill the loan payments.”
This Is Money in the UK. “Homes have sold for £11,000 less than their asking prices on average during the past year, despite the pandemic property boom, new research has revealed. Some areas have seen significantly higher reductions, with certain high value postcodes reaching a massive six figure sums being knocked off asking prices. London has been hardest hit by sellers’ need to downgrade their initial expectations – and the capital’s SW3 postcode, which includes Chelsea and parts of Knightsbridge, saw the biggest average monetary reductions of £145,480, although that is the equivalent of just 5.49 per cent off asking prices.”
“One north London estate agent said the figures are interesting as they highlight the ‘often-significant differences’ between asking and selling prices. Jeremy Leaf said: ‘As the stamp duty deadline approached, we noticed buyers and sellers having to negotiate even harder in order to take advantage of considerable savings in some cases.’ Ruban Selvanayagam said: ‘Despite what has been a very active market, homebuyers are still, by and large, able to negotiate down on prices. There is also wider evidence of surveyors down valuing properties that are misaligned with the realities. This means that properties end up selling for lower than the original estate agent price estimation.'”
The Times of India. “Home sales across tier 1 cities of Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), national Capital Region (NCR) and Pune jumped 57 per cent, a report by Liases Foras Real Estate Rating & Research showed. The sales are largely driven by discounts and several schemes announced by builders. The jump could also be attributed to the 10-year-low home loan interest rates. ‘It is a buyer’s market,’ says Pankaj Kapoor, managing director of Liases Foras.”
“Prices are unlikely to shoot up anytime soon because developers are looking at pushing sales to improve their cash flow because unsold stock has only marginally declined across cities in Q2 FY 21-22 and stayed at 896,404 units. In fact, the unsold stock has increased in Hyderabad by 13 per cent and Ahmedabad by 9 per cent while it declined or remained nearly stable in MMR on a quarterly basis. Months’ inventory in these property markets stood at 40 months in September, easing from 48 months as in the June quarter.”
“New launches across the Tier I cities are up 238 per cent on-year and 33 per cent on a quarter-on-quarter basis. In most of the cities, the September quarter saw the maximum launches in the last six quarter.”
From Channel News Asia. “Unless China Evergrande Group takes quick steps for an orderly restructuring of its debt pile and steps up asset sales, its last-minute bond interest payment this week will do little to shore up creditors’ support for the developer, analysts and lawyers said. ‘Its sale of the (property) services unit failed and its September and October sales were getting worse and worse,’ Castor Pang, head of research at Core Pacific. ‘It has very little cash.'”
“Nomura credit analyst Iris Chen said in a note that it was hard to fully understand the logic behind the latest payment unless Evergrande is able to pay more coupon payments till mid-November. Terming an Evergrande default as inevitable, Chen said: ‘we actually think it is better for the company to default earlier rather than later to prevent repayment of onshore debt using offshore assets.'”
Comments are closed.
‘Things aren’t as hot and crazy as they were, All of those times have to come to an end’
Blowing up all these little sh$tholes like Wichita and Pomona was a bad idea.
Realtors are liars.
I’m trying not to be snarky here, but do you have any examples of towns or cities that AREN’T sh$tholes?
Oil City, of course.
ALL cities produce copious amounts of poop, and are by definition sh!tholes. The bigger the city, the bigger the sh!thole.
Nope. Every place is a $hit hole at current ‘valuation.’
….another $hithole gets barbecued.
Austin, TX Housing Prices Crater 22% On Soaring Mortgage Defaults And Skyrocketing Inventory
https://www.movoto.com/tx/78730/market-trends/
‘the inventory of homes locally hit a five-year high at 1,184 listings’
‘It’s the most inventory we’ve had on the market in a couple of years’
That was all pretty fast eh? Shack gamblers in Colorado springs are storming toward the exit. Don’t panic!
‘the inventory of homes locally hit a five-year high at 1,184 listings’
– From realtor.com, Colorado Springs, CO, just now:
– 1701 houses For Sale (significantly higher vs. the above PPAR number).
– 226 houses For Sale + Price Reduced
– Maths: 226/1701=13.3% Price Reduced
– These are currently fairly small price reductions, and the percentage of price reduced has been holding fairly steady.
– The house price in Colorado Springs, like almost everywhere in the U.S. is way out of line with median incomes in the area, or to put it another way, prices are too darn high!
– The Fed is still targeting a) stonks and b) housing, aka “the wealth effect.” The Everything Bubble continues to inflate, but some air now seems to be leaking out of the housing market. The Fed will do “whatever it takes” to keep the asset bubbles inflated and the debt-dependent economy from crashing. This has been the strategy for 12+ years since the GFC. Recall that these were at the time, “extraordinary” and “emergency” measures. I guess record stock and housing prices is still an emergency! 🙂 However, all asset bubbles (eventually) burst, and the longer they inflate and the bigger they get, the worse the crash. I guess the Fed is going for a record or something? Maybe the Great Depression wasn’t bad enough, so they want to exceed the pain and misery from that one? That’s the way this is looking to me. Waiting for the earth-shattering kaboom!, but not holding breath. Just remember who owns this when the SHTF.
The Fed will do “whatever it takes” to keep the asset bubbles inflated and the debt-dependent economy from crashing.
Then why didn’t they prevent the last crash? I’m tired of this omnipotent FED meme.
“Then why didn’t they prevent the last crash? I’m tired of this omnipotent FED meme.”
– Virtually everyone now believes that the Fed has your back and markets will never go down, since it’s been 12+ years of artificial debt-fueled stimulus. However, like you, I don’t believe “it’s different this time,” since they’re following the same script as the last two bubbles, only with bigger numbers ($Ts now instead of $Bs before) and even more outrageous policies. John Law would be proud. Humpty Dumpty.
There is the Fed and rampant appraisal and mortgage fraud.
Napa, CA Housing Prices Crater 15% YOY As Fraud Scorched Housing Market Staggers
https://www.movoto.com/napa-ca/market-trends/
The fed causes the bubbles and the crashes. They make $$$ on both sides of the trade. Wash. Rinse. Repeat.
‘It seemed like only two possible property buyers were seen in the auction, but neither of them was willing to buy the mansion, which was being sold for $9 million. Following the uneventful auction, the property went back to the beneficiary’
Eat yer crowz Thornberg. BTW those two potential buyers were probably homeless people.
“…but neither of them was willing to buy the mansion, which was being sold for $9 million.”
They used a reserve price to avoid price discovery.
One thing seems clear: The market value is below $9 million.
What’s a common theme? Mumbai, London were once the most expensive shack and airbox markets on the planet. It was just a few months ago Boise was the hottest of the red hot in the US. How the mighty have fallen.
For some reason Boise (and CA immigrants there) tickles my fancy.
I figure this winter half will be asked to return to office* and the other half getting woke about useful stuff like frozen car door gaskets.
*My job experience – remote work is a 30-40% productivity loss I see on all my projects. And with people leaving like crazy, and new people onboarded by zoom it’s getting worse.
Not being judgmental here, but do you see that 30-40% productivity loss in yourself, or in other subordinates/coworkers? Even pre-pandemic, anytime there was a news article on remote work, the comment section was filled with stories of “I’ve been working remote for 268 years and I’m so much more efficient, go away I don’t want to talk to anyone …”
In my experience, zoom/teams/webex is great for some things but not so good for day-to-day interactions with direct coworkers. I guess it depends on the job.
The person, the job, and how much one likes his job.
Entrepreneurs work well period. Employees who don’t like their job won’t put in the effort if they don’t have to.
Where I work, returning to the office was mandatory. But I’ve found that having meetings is drifting back towards zoom meetings because the screen sharing is much more fluid than in conferences rooms and you don’t have a bunch of people sitting around a table with masks on.
I don’t believe any of the BS about remote workers being as productive as being in the office. Given human nature, there is just no way that can be true.
Also, the way I see it, if one’s job can 100% be done remotely, then that job is either 1) headed to India, or 2) something an algorithm will be able to do in very short order.
dwr44: I agree in principle. But it’s been well attested that a large percentage of office jobs are BS jobs anyway. This has been true for many years, probably decades, regardless of whether the work is done on-site or remotely.
One can always hope that Covid would cause people to recognize the BS nature of these jobs, and that they would then be outsourced, automated, or better yet eliminated entirely. But I’m not holding my breath.
If you’re “working from home” and somehow collecting a paycheck for it, you won’t be for long.
Do you care to elaborate? How have BS make-work office jobs (for both staff and management) existed for most of the 20th and 21st centuries, while remote jobs are about to be eliminated?
Actually I’m looking to hire WFH people in various specialties. The labor market seems to be as tight for them as it is for restaurant wait staff.
“But it’s been well attested that a large percentage of office jobs are BS jobs anyway.”
There are plenty of people who realize deep-down that they lack real compensable skills, and they are frightened of eventually being unemployed by technology.
“that job is either 1) headed to India, or 2) something an algorithm will be able to do”
As a shareholder of U.S. equity index funds, I support this 100 percent. Those work from home snowflakes are all just dead weight.
And how do the deadweight WFH snowflakes differ from deadweight in-office snowflakes? As a shareholder of U.S. equity index funds, have you been protesting the endless waste of resources on make-work jobs in office buildings?
LVG, I “worked” over 5 years as a federal government contractor, in the office every day of it. You could lay off half of the staff there and nobody would even notice.
Anybody “working from home” who can’t answer their f*ing phone by the second ring isn’t working. All those people need to get laid off.
I spend some time each week, working at home, fixing stuff Indians or other low-paid developing world employees screwed up. The folks with MBAs love outsourcing work because it’s an easy KPI to measure and goose upwards, but I don’t believe we’ve actually saved money or lowered costs when completed work needs to be fixed.
With that said, everyone is replaceable, and people who work in person can also easily be replaced by a pliable H1B1 worker.
So you admit that half of the in-office staff is useless, but it’s only the WFH people that need to be laid off? I don’t get it.
Anyway, it doesn’t matter. You can lay off anyone you want if it makes you happy. The demand is there for good people and they’ll easily find other jobs.
Oh yeah? Get yerself a sales quota and find out.
Human nature is a vast spectrum.
Remote “work” has always been a very flimsy narrative. Shack gamblers are the ones responsible for driving up shack prices in Boise and other sh!tholes nationwide.
Prior to Covid, in my experiences only the most productive and trustworthy were allowed to work from home.
in my experiences only the most productive and trustworthy were allowed to work from home.
Weren’t you WFH pre-covid? How convenient 😉
Kiddling asside, I agree — generally, WFH was allowed if you had established a baseline of delivering value, and the company not wanting to lose you when your circumstances change. And they have a baseline of performance to compare you against.
My job experience – remote work is a 30-40% productivity loss I see on all my projects.
Exactly. It’s just people milking it for a paycheck. They’re hanging out at home, doing the bare minimum.
Well I don’t know what kind of workers you guys are dealing with. Maybe that’s true for low end keypunch operators or something. But it seems to me that anyone who’s any kind of professional is going to take pride in their work and be thankful for not having to commute every day. If someone’s not that motivated/disciplined, it’s hard for me to see how they become more so by fighting through traffic to get to some sterile office building. In fact, I’ve had some office jobs where I felt like getting to work was the major accomplishment of the day and I shouldn’t really have to work that hard once I was there.
“milking it for a paycheck”
^ This. All of this. Masturbating under your desk while logged into a Zoom video meeting is not “working.”
F* these parasites.
I personally never found a chemical plant design review on Go-to-meeting all that arousing.
Masturbating under your desk while logged into a Zoom video meeting is not “working.”
I believe at CNN it has been considered work based on the stories from earlier.
From the Idaho piece: “Smock said if the entry level buyer is qualified up to $400k at a 3.2% interest rate and they wait it out in hopes prices come down, and in that time interest rates go up to 3.7% instead, then the buyer’s purchasing power will be reduced. What was $400,000 buying power is now $380,000.”
I can’t understand any honest broker qualifying some “spud” for a $400k mortgage at 3.2% on a Coeur d’Alene shack that is worth only $100k during the best of times.
I am surprised they are even reporting a slowdown in North Idaho. Both Smock and Buetler are daughters of big local brokers. Usually, only sunshine and rainbows are allowed to be reported.
Something still in North Idaho and NEVER reported: The dudes with swastika tats regularly seen at the Hayden grocery store.
Any idea how many of them are still around? I was told (by someone with a vested interest) that they had all been cleared out.
Those guys are all FBI, just like Ryan Epps at 1/6 and the kidnap wicked Whitmer plot.
You should read the ruby ridge story to get a feel for how this s went down.
Spoiler: the guy whose family was terrorized, wife and boy murdered by federal agents, got a multi million dollar government settlement.
https://www.latimes.com/archives/la-xpm-1995-08-16-mn-35756-story.html
Question the narrative. If you won’t, I hope your chains rest lightly upon you.
It’s one thing to read about these prices in an article, but quite another to actually check out northern Idaho to understand how ludicrous they are. I never thought we’d get back here. It’s actually worse this time around.
C’mon man, it’s gorgeous up there…from about mid June to mid October.
Burlingame, CA Housing Prices Crater 21% YOY As Rampant Appraisal Fraud Ravages Bay Area
https://www.movoto.com/burlingame-ca/market-trends/
As a distinguished economist noted, “The housing market is riddled with fraud.”
Is this Enough to Wake you up to the Covid Fraud Hoax
https://www.bitchute.com/video/iMNMZdqTMFhZ/
2:11
https://i.imgur.com/l1aFedw.jpg
Succinct and compelling
The speaker knocks it out of the park..
Yeah, any one or two of the things he mentions should raise alarms, but add it all up and there’s something really wrong going on. Toss in the fact that any mention of this is scrubbed from the globalist scum media. Why is that? Something they don’t want us to know?
Well we do know.
He tells it like it is… not what he wants it to be.
Refreshing.
The guy was spot on , but he talks to deaf ears .
Anybody with any kind of a working brain left has to know that the Covid Pandemic was contrived to take over America and other Countries and bring on a One World Order Dictorship .
They aren’t going to let go of the Medical fraud they use to bring on the Dictorship that is planned.
It should be obvious by now that they don’t care how many people are killed or injured because its all about what the agenda of these psychopaths that want to rule the World have planned.
They don’t care if a bunch of people get fired from their job and how bad that would be. As time goes on they are becoming increasing more vicious and more fraudulent.
They have a war like stance, looking at populations of people as the enemy to be conquered , like a invading army would.
Its all about how they corrupted Government and Government agencies in order to bring on their Dictorship . Its all about bribery or threat to accomplish their goals.
While using a Health crisis hoax to bring on Medical Tyranny Dictorship , its getting obvious that it was all a means of destruction of the systems they want to take over.
They no doubt have conspired with our Foreign enemies to pull off this invasion , and a rigged election was necessary to put their treasonous Puppets in , like Joe Biden.
So, because Government/Fake Media is in on the take over, now Government is the enemy within.
So, no other choice but to see the truth and combat it, whatever that means at this point.
They don’t care if a bunch of people get fired from their job
I beg to differ. They consider these people fallen enemies.
BlueSkye,
So, you agree with me that US Citizens are being attacked in every way by the enemy from within.
Never saw a President go after regular common hard working people that pose no threat to anybody. Yet, Biden wants to deprive them of their jobs and means of survival , if they don’t take some god awful injection, that doesn’t do shit.
Biden has proven he’s in the enemy camp. Disgusting to even look at that corrupt , treasonous piece of junk Biden. I actually start to get a upset stomach sometimes when I see him on TV. HE DID NOT WIN THE ELECTION, that cheater creep.
Don’t forget that Washington state is way ahead of Biden’s mandates. Early retirements, quitting and actual firings are happening up here in earnest.
Don’t forget that Washington state is way ahead of Biden’s mandates
So happy we left when we did, though wish we’d done it a year earlier. Don’t regret the move at all and have had no desire to go back…well maybe except for some good sushi
Clinton went after Americans with NAFTA. Fauci funded and created HIV also.
Many examples in history since JFK Jr. MANY.
they are just more hostile, aggressive, sinister and open about it now.
Is insider trading different if Martha Stewart does it than if Fed officials do it?
https://www.npr.org/2021/10/21/1048090079/federal-reserve-restrictions-investments-trading-controversy-jerome-powell
https://www.cnbc.com/2021/10/21/fed-to-ban-policymakers-from-owning-individual-stocks-restrict-trading-following-controversy.html
Yes, only members of the Party can legally illegally trade. Martha is only a member of the Proles, a very wealthy prole but she’s still not a member of the Party.
“…it was hard to fully understand the logic behind the latest payment unless Evergrande is able to pay more coupon payments till mid-November.”
I never understood the logic of restacking the deckchairs on the Titanic, either.
I suppose that its purpose is to buy time while the CCP figures out what they really want to do about this.
AKA “kick the can.” That’s all governments ever do. They don’t solve anything.
Cortez, FL Housing Prices Crater 18% YOY As Southwest Florida Subprime Mortgage Debacle Accelerates
https://www.movoto.com/cortez-fl/market-trends/
As one REIT manager stated, “Elvis sightings are more credible that Realtors.”
“— last week Zillow announced it was pausing its instant offer and buying program. That could be good news for buyers who don’t have corporate coffers.”
Will Zilldo suffer a debt implosion if U.S. home prices go the way of China’s?
https://www.bloomberg.com/news/articles/2021-10-20/china-home-rut-deepens-as-prices-fall-for-first-time-since-2015
https://fortune.com/2021/10/19/zillow-stock-zg-housing-market-decline-bubble-real-estate-prices-2021-2022-outlook/
https://finance.yahoo.com/news/case-shiller-home-price-august-2021-130013002.html
https://www.bloomberg.com/news/articles/2021-10-22/will-home-prices-go-down-real-estate-starts-to-cool-in-covid-boomtowns
https://www.businessinsider.com/china-economy-xi-jinping-evergrande-debt-american-world-fallout-2021-10
“Help! The sky is falling!!!”
Bailout wealth effects recipe:
1) Convince your politician friends that the sky is falling.
2) Announce to the masses that there is systemic risk, and the global financial ecosystem will collapse unless bailout measures are undertaken.
3) Have those politicians light their hair on fire, before authorizing your friends in the central banking industry to flood the financial system with trillions of dollars in newly created electronic printing press money.
4) Get really, really rich when the assets you snapped up at fire sale prices head to the moon.
Here’s a refreshingly capitalistic alternative to taxpayer-funded bailouts (aka corporate socialism). I wonder if it could work here in America?
https://www.bloomberg.com/news/articles/2021-10-26/china-urges-evergrande-founder-to-pay-debt-with-personal-wealth
Got drama?
If China’s economy keeps stumbling, it won’t just take down Beijing — the whole world will collapse with it
Chinese President Xi Jingping walking across a tightrope across fire while holding a small Chinese flag on a dark-red-to-bright-red background.
Chinese President Xi Jinping must strike a delicate balance between eliminating China’s crushing debt and maintaining consumer confidence. A misstep could spur global chaos, both economic and political.
Mark Schiefelbein-Pool/Getty Images; Samantha Lee/Insider
Linette Lopez
Oct 24, 2021, 3:03 AM
HOMEPAGE
This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
China’s economy — the 2nd-largest in the world — is teetering on the brink of disaster.
…
There is no tightrope. There is only a mountain of sand with an ocean of debt washing it away. Xi knows what is coming. He is preparing his people for an era of stark isolation.
China’s economy — the 2nd-largest in the world — is teetering on the brink of disaster.
https://imgur.com/a/kv7OkoJ
*complete
From WTOP, the dominant local news radio station: UBI comes to the People’s Republic of Maryland:
—————
Montgomery County Council to consider cash in pockets for struggling families (October 25, 2021, 11:00 PM)
The Guaranteed Income Pilot Program would give 300 Montgomery County households — they could be families or individuals — $800 a month for 24 months. The plan is flexible, and recipients can spend the money how they see fit… It’s modeled after a California program, the Stockton Economic Empowerment Demonstration or SEED program, that resulted in minimizing dramatic fluctuations in family finances and allowed some recipients to find full-time jobs.
———————–
Bullsh!~e!! Another pilot UBI. Look, we already know what’s going to happen: the pilot will be a resounding success. Those UBI families are going to get ahead just fine, because they will be the ONLY people getting the UBI and they can get a jump on paying existing prices. The problem arises when EVERYONE (under some income cutoff) gets a UBI. That will just cause price inflation for everyone. And those “fortunate” people who worked to earn a higher salary than the cutoff will get the joy of paying the inflationary prices without the free cheese.
….. and ‘deflationary’ housing prices.
Bethesda, MD Housing Prices Crater 19% YOY As Double Digit Prices Declines Blanket Northern Virginia
https://www.movoto.com/bethesda-md/market-trends/
It’s a simple feature of Socialism. Those appointed to administer the transfer payments system will do quite well.
“The Guaranteed Income Pilot Program would give 300 Montgomery County households — they could be families or individuals — $800 a month for 24 months.”
Build back better = “Risen from Ruins”
Risen from ruins
And facing the future,
Let us serve you for the good
“Auferstanden aus Ruinen” – National Anthem of East Germany
https://youtu.be/dIh1eOw0zV8
Does anyone have an idea of what will become of China’s myriad shoddily constructed, empty high rise apartment buildings?
Demolition blast
By cnsphotos Published: Aug 27, 2021 10:33 PM
Unfinished buildings in Kunming, capital of Southwest China’s Yunnan Province being blasted and demolished on Friday. Fifteen unfinished buildings, originally developed as residential houses, were demolished. It is one of the biggest demolitions in China.
“Does anyone have an idea of what will become of China’s myriad shoddily constructed, empty high rise apartment buildings?”
I think they are going to be used to house Hunter Biden’s recently purchased art work.
The Party announced property taxes in some top tier cities will begin in January 2022, and by 2027 it will be nationwide. I imagine it will become illegal to sell the property below a certain price, which will freeze the market. But your property taxes must be paid. It’s a clever way to soak the rich if you ask me — pay taxes or donate your empty units to the needy.
If anything, it will ensure Xi has broad support among the young who have been screwed and are dropping out of society in large numbers, not having children, etc. It’s depressing enough to be a young American, but whenever I feel down with our manipulated economy I look to China and realize it could be waaaaaaay worse.
Keynes originally came up with the idea of burying bottles of money and having people dig them up. What we may be seeing today is these kinds of ideas scaled up to national levels and economies growing around these kinds of “industries”. And maybe the unintended consequences of seeing these ideas hyper-scaled.
The policy maker’s view of economics is “how do you get people do work?” The individuals’ view is to seek improve their standard of living. There is a conflict and balance between these two goals.
Teacher: Your turn Billy, what does 2 + 2 =
Billy: President Biden told me I don’t have to answer that question.
Biden tells school kids part of his job is to avoid answering questions from media
Oct 25, 2021
https://youtu.be/O-DPtJnYpHo
Today is Tuesday, October 26th and Joe Biden is not the legitimately elected president of the United States.
The 2020 election was stolen.
Bo Erickson CBS
@BoKnowsNews
I asked Joe Biden: What is your response to the NYPost story about your son, sir?
He called it a “smear campaign” and then went after me. “I know you’d ask it. I have no response, it’s another smear campaign, right up your alley, those are the questions you always ask.”
https://twitter.com/BoKnowsNews/status/1317275294194085888?s=20
my nephew sells Real Estate in Canada …..They are at 3rd base heading for a home run on the real estate bubble , Can’t believe what he is telling me ….People in Canada mostly don’t work much anymore , just flip houses among themselves , debt is good Etc……that will crash soon.
3 things every realtor trainee needs are teeth whitener, a thesaurus & a bottle of guilt reliever
3 thing every realtor needs are a reliable pen, a contract & a case of guilt reliever
As you once stated so eloquently, “The market is booming, but where are the buyers, inventory is looming, realtors are liars.”
El Cajon, CA Housing Prices Crater 14% On Looming Tidal Wave Of Housing Inventory Across San Diego County
https://www.movoto.com/el-cajon-ca/market-trends/
Joey nobody likes you 🤣😂
https://twitter.com/ItalianGirl706/status/1452330511238639624?s=20
1000s of #NYPD #FDNY #DSNY gather in Brooklyn for a protest against mandates and chant ” LETS GO BRANDON ”
#LetsGoBrandon #FJB #NYC
https://twitter.com/LeeroyPress/status/1452663895936704529?s=20
I am Cornholio… #FJB
https://twitter.com/tjb123_tiffany/status/1452275103652270090?s=20
‘#ZillowBubble find # 16: 4/15/2020 the new house is sold for $247,287.
9/29/2021 Zillow buys for $334,800. 10/20/2021 Zillow lists for $316,909. The “zestimate” today is $319,540. Does ANYONE believe the zestimates are right?! Does anyone really believe comps in a bubble?!’
https://twitter.com/windgineering/status/1452761580165283840?s=20
‘The episode is also known for the nonsensical business plan that the gnomes of the title devise (whose three steps consist of “Collect underpants”, “?”, “Profit”), which later became a common meme used to mock poorly-thought-out business and political strategies.’
https://en.wikipedia.org/wiki/Gnomes_(South_Park)
There are many thousands more brothers, sisters, wives, husbands, parents and children of those thousands of NYC bravest/finest in solidarity. NY/NYC voting trend was always easily forecast. Nothing in NY is certain anymore.
We have a pederast for a president.
That first “Joey nobody likes you” cartoon with the Washington Football Team reading the smoke signals is hilarious.
Boise, ID Housing Prices Crater 22% On Soaring Crime Rate And Chronic Unemployment
https://www.movoto.com/id/83706/market-trends/
As one national land broker explained, “If you paid more than $500 an acre, you got ripped off.”
Now the globalist sh!tbag captured FDA has approved jabs for kids aged 5-11 – the same kids who have almost ZERO chance of being affected by COVID. Somehow this has got to stop.
There’s gonna be a lot of small coffins being put in the ground soon. All these kidz are gonna die from blood clot induced heart attacks and strokes.
This is why here on the HBB, we identify and name the globalists. They are conducting genocide, and given full cover for it via the blanket censorship courtesy of Real Journalists.
Any lurkers or newbs here, go get your kid jabbed with that MRNA poison, and know that you’re rolling the dice that your kid is going to die.
Globalists gonna globe. Until we start finding you and killing you 🙂
Want a lesson in the killing? Read John Ross’s “Unintended Consequences”.
It start with taking out the local politicians and their Nazi lackey sidekicks.
Another headline:
NIH funded research in Wuhan lab, unrelated to pandemic
Now that the mass murderer Fauci has been found out, they’re trying desperately to craft a new narrative. “Yeah, I was funding research at Wuhan after all, but it had nothing to do with COVID.”
Hang this mothertrucker!
Slow your roll there bro.
Let’s do it in order:
Arrest
Prosecution
Conviction
Execution
In that order. We all know the Southern Poverty Law Center has goons monitoring the HBB, so they can go spoonfeed another bedwetting article to the Washington Post and other globalist rags.
It’s not gonna be frontier style vigilante justice. We are going to successfully navigate the legal system, and every one of these globalist traitors will hang.
Read this post again, globalist, and know that you are going to die.
The only good globalist is a dead globalist.
Is the Southern Poverty Lawless Center monitoring HBB with their Western inventions? Would that be considered appropriation?
Lil Sis just retired from her community college math teaching career. The recently appointed administration has been pressuring her faculty to increase pass rates. This is to be accomplished by lowering the standards to let students who don’t master the material pass the courses, not through actually getting more students to learn how to do the math.
It’s all good, so long as we can import properly educated foreigners to fill positions that require a knowledge of mathematics.
The problem with math is it’s hard and takes discipline to master.
And it’s cumulative.
maths be racist. Those numbers just be looking for POC to discriminates against. 2+2=5 you white supremacists!
F.C. Tucker/Thompson Realtors
Say that fast 5 times.
Altamonte Springs, FL Housing Prices Crater 14% YOY As Subprime Mortgage Saturation Exceeds 92%
https://www.movoto.com/altamonte-springs-fl/market-trends/
As one regional lender explained, “The fact that subprime has been the go to mortgage of the last 17 years is one that we do our best to conceal.”