thehousingbubble@gmail.com
Blog

The Whole Housing Market Is On The Skids

A report from Gizmodo. “Zillow has been hemorrhaging cash in the home-buying arms race in certain markets. Bloomberg wrote: ‘Zillow put a record number of homes on the market in September. It also cut prices on nearly half of its U.S. listings in the third quarter.’ In some markets like Atlanta, Georgia, and Phoenix, Arizona, Zillow losing money on listings is particularly apparent, Bloomberg wrote. Its 250 active listings in Phoenix are about 6% under market price, which University of Colorado Boulder real estate expert Mike DelPrete told Bloomberg was about $29,000 off for the typical home.”

“‘Every key metric I’ve seen from Zillow over the past few months just doesn’t make sense,’ DelPrete told the news agency. ‘It’s like it’s making decisions two to three months too late relative to the market.'”

From CNN Business. “Ivy Zelman, CEO of Zelman Associates, thinks the so-called housing shortage is an illusion. ‘Some builders are saying, ‘We don’t have wait lists any more.’ But a lot of people are drinking the Kool-Aid and get complacent.'”

The New York Post. “Sara Sampaio’s East Village loft is now on the market for $3.45 million — less than the $3.51 million she paid for the property in 2018. It had been asking $3.89 million last year with a different brokerage.”

From Mansion Global. “George Strait, lowered the price of his Texas estate to $6.9 million last week, chopping more than $3 million off its original asking price It first hit the market in May 2018 for $10 million.”

The Los Angeles Times. “Joey Bosa is spending some of cash on a waterfront house in his hometown of Fort Lauderdale, Fla., paying $5.85 million for a modern abode on Sunset Lake. The star linebacker got the home at a decent discount after it first surfaced for sale at $7.5 million in May.”

The North Shore News. “A citizen of the People’s Republic of China reported average annual earnings of $40,615 to Canadian border agents yet went on to buy $32 million worth of Vancouver real estate after moving $114 million from Hong Kong-based depositors with connections to organized crime and the Chinese Communist Party, a case study by counsel for the Commission of Inquiry into Money Laundering in B.C. shows.”

“The study is one of over 1,000 commission exhibits, and it hits on a number of vital aspects of money laundering heard during the course of the 18-month inquiry, such as nominee purchases, obscure corporate structures, fraud, layering and placement of assets (particularly real estate) and links to organized crime and corruption.”

“The Man and the Wife bought their first home in Vancouver for between $2.0 million and $3.0 million, according to the study (exact details are redacted). The Child, listed as a student, then bought a $14 million home in 2012. The Man bought a second home, for at least $15 million in 2016 – the same year the Child bought a second property in the $1 million to $2 million range. The properties were tied to one another via mortgages and names on land titles. It’s unclear where the other money went.”

From ITV on the UK. “A young mum who fell foul of the UK’s cladding scandal has revealed she ‘cried for weeks’ after being told the flat she paid almost £60,000 for was ‘valueless’ because material on the building’s exterior made it unsafe. Zoe Bartley is among millions of home owners facing huge bills to make their properties safe – many with costs exceeding £100,000 – because of regulations brought in following the Grenfell Tower tragedy.”

“She ‘massively’ regrets buying her one bedroom flat in 2017, before starting a family, because she is now ‘trapped’ in the property with her 12-week-old baby and partner, unable to move to somewhere bigger because she cannot sell it without making it safe. Victims of the cladding scandal, including Zoe, have told ITV News they are facing bankruptcy over the cost of making their flats safe, despite being told they were safe when forking out tens of thousands of pounds just four years ago.”

“‘It doesn’t seem like there’s a light at the end of the tunnel,’ she said, and the ‘nightmare’ just ‘doesn’t seem to be ending.’ The block she lives in with her baby, partner, cat and dog in Essex, contains around 80 flats – Zoe says most of her neighbours are in the same situation: ‘They all want to leave.'”

“First time buyer Sophie Bichener was told by her housing management company in August that she needed to pay £208,000 in order to make her property safe – she paid £230,000 for her flat in 2017, just one month before Grenfell. She’s since been diagnosed with anxiety after learning her flat in Hertfordshire, is now ‘worth minus £208,000’ because safety defects mean ‘the property itself is valued at zero, and then you’ve got a bill 208,000 pounds to make it worth anything,’ she said.”

From The Guardian. “One third of China’s property developers will struggle to repay their debts in the next 12 months, according to a new report, as the sector reckons with increasingly serious headwinds from falling sales, restricted access to credit and a wider downturn. Even if the embattled developer Evergrande manages to meet its latest debt repayment on Friday and head off a potentially disastrous default, analysts at the credit rating agency S&P warned that many other property companies could be heading towards bankruptcy.”

“The Chinese property sector as a whole owes an estimated $5 trillion, according to analysts at Nomura. That is one-third of the country’s entire GDP and roughly equivalent to the whole output of the Japanese economy, the world’s third largest.”

“Bondholders have been trying to extract information about Evergrande’s financial situation since its financial death spiral become clear in September when it admitted that it might not be able to meet all its debts, which include an obligation to finish up to 1.6 million homes in China that it has already taken payment for.”

“Attempts to offload its most profitable assets have been unsuccessful and it cannot sell enough homes – even at discounts – because the whole housing market is on the skids. This year has seen the longest slump since 2015 in new construction starts, while property sales by floor area dropped 15.8% in September, the third monthly decline in a row. New mortgages are down 9% this year.”

“John Kicklighter, chief strategist at Daily FX, said Evergrande and other struggling companies such as Kaisa, Sinic and Fantasia, were only doing the bare minimum to keep afloat and that the crisis could widen. ‘Evergrande should be seen as a possible global threat rather than just ‘China’s problem,’ he said. ‘The company is systemically important to the Chinese financial system that had seen its rules eased during the last financial crisis (2008) and levels of gearing explode in turn. Under such circumstances, moderate risks can turn into universal hazards.'”

Related Posts
This Post Has 87 Comments

  1. ‘It doesn’t seem like there’s a light at the end of the tunnel…and the ‘nightmare’ just ‘doesn’t seem to be ending.’ ..They all want to leave’

    ‘her flat in Hertfordshire, is now ‘worth minus £208,000’ because safety defects mean ‘the property itself is valued at zero, and then you’ve got a bill 208,000 pounds to make it worth anything’

    That’s some red hotcakes right there. So what’s yer ROI Sophie?

    1. “The 29 year old has been told to not pay the bill by her building management firm, which has said she should wait to see how much of it the government will cover.”

      hmm, where & when have we seen that advice before in housing history . . !?

      and how did it end?

  2. ‘Evergrande should be seen as a possible global threat rather than just ‘China’s problem’

    I’m not feeling it John. China can go pound sand. What’s supposed to happen, they build the 1.6 million airboxes that will fall apart in 3 years and no one will ever live in while they further pollute the country?

    It’s over John, it was years ago. Just cuz you got a brown spot in yer pants isn’t my problem.

    1. How is $7 or $8 billion in personal wealth supposed to cover a $300 billion debt implosion? It doesn’t pencil out.

  3. ‘Every key metric I’ve seen from Zillow over the past few months just doesn’t make sense…It’s like it’s making decisions two to three months too late relative to the market’

    I said this was doomed when it first started Mike.

    ‘Some builders are saying, ‘We don’t have wait lists any more’

    Oh dear. Like Boise, where they are sawin and a slashin and minting new FB’s every day? No one could have seen it coming.

    1. ‘Zillow put a record number of homes on the market in September. It also cut prices on nearly half of its U.S. listings in the third quarter.’

      They are leading the debt donkey herd in the race for the nearby cliff.

    2. It is only a matter of time before we see articles where people say “I paid a million dollars for a house in IDAHO?! WTF was I thinking??”

  4. Austin, TX Housing Prices Crater 24% As Toxic Stew Of Subprime Mortgages And Mortgage Deliquenices Ravage Texas Capital

    https://www.movoto.com/tx/78730/market-trends/

    As one broker disclosed, “There are no bidding wars here nor has there ever been… It’s just something we deliberately misrepresent to get the buyer to pay far more.”

  5. ‘an obligation to finish up to 1.6 million homes in China that it has already taken payment for’

    ‘it cannot sell enough homes – even at discounts’

    I don’t think selling airboxes is the problem here. You can’t fix a ponzi scheme.

  6. Why does anyone think Zillow would do a good job rehabbing a flip? Most flips the work quality is dogshit. I can’t imagine a big company cares which Tom Dick of Harry is doing work

    1. ‘I can’t imagine a big company cares which Tom Dick of Harry is doing work’

      I think you mean Tomás, Ricardo, or Haroldo.

    2. I’m keeping an eye on the Grandma-finally-died house on my block. The house sold in July for $50K more for it than I paid for my house in 2012. Now, I think the house needs $100K of work. Signs of a foot of water in the basement, roof shot, siding shot, needs all new windows, driveway crumbing to where it can’t be saved, kitchen/bath total gut, water damage in the ceilings.

      It’s clear that the one-man flipper who bought this POS is doing the bare-minimum sweat-equity POS job. He might complete it for $50K. I’ll keep an eye on it.

      1. If your diagnosis of failed components is accurate, there’s no way even a sweat equity guy will fix all that for $50k. Double or Triple, IMO. And he probably won’t do a quality job either. You let us know how it materializes.

  7. The CNN title:

    No one seems worried about a housing bubble. Just like last time the bubble burst

    I’ve made that point a few times.

    ‘The good news is that few economists believe that the current run-up in housing prices is a bubble that’s about to burst, taking the economy down with it. The bad news is that practically no one was worried about the housing bubble in 2007, either.’

    ‘I don’t think we’ll see prices fall 20% to 30% once again,” said Dean Baker, senior economist and co-founder of the Center for Economic Policy and Research. “I don’t think there’s that kind of story out there.’

    Prices are going to fall much more than that Dean. How do I know? They shot up that much (or more) in the past recessionary year, in every sh$thole town and city across the US. How did that make sense? It’s an illusion, and it will not hold. A child could see that.

    Here’s the “story” before it breaks. The only way you could have prices go up 50% in a year is rampant appraisal and mortgage fraud.

    1. ‘I don’t think we’ll see prices fall 20% to 30% once again,”

      Translation- I don’t want prices to fall. The reality? $50 a square foot less depreciation is a long way down. With the amount of mortgage and appraisal fraud in the last 15 years, there’s reason for all the clucking.

      Miromar Lakes, FL Housing Prices Crater 16% YOY As Double Digit Price Declines And Plunging Demand Ripple Across US Housing Market

      https://www.movoto.com/miromar-lakes-fl/market-trends/

      As national broker joked, “Homeowners aren’t homeowners at all. They’re Debt Donkeys.”

    2. the problem with taking financial advice from someone who has everything to gain but . . .
      NOTHING TO LOSE is absolutely astounding to anyone with a 2 functioning brain cells.

      all of these problems stem from a common 2-word phrase:
      “They said”

    3. Pandemic measures, including $40 billion a month in mortgage-backed securities purchases by the Fed to stimulate housing demand, coupled with supply-killing eviction and foreclosure moratoriums, must have been factors in creating the largest ever housing price spike during a recession.

      But top government officials have offered their assurances that these extraordinary pandemic market interventions will end soon.

    4. And,
      As one broker disclosed, “There are no bidding wars here nor has there ever been… It’s just something we deliberately misrepresent to get the buyer to pay far more.”

    1. “One third of China’s property developers will struggle to repay their debts in the next 12 months, according to a new report, as the sector reckons with increasingly serious headwinds from falling sales, restricted access to credit and a wider downturn.”

      So long as the collapse is merely predicted to happen at some unspecified time in the indefinite future, there is no cause for concern.

      Always remember: A closely watched pot never boils over.

  9. If you like your crony capitalism, you can keep your crony capitalism. Corrupt desiccated hag Comrade Pelosi is making bank off the Fed’s Ponzi market melt-up.

    Pelosi Pushes Electric Vehicle Subsidies As Husband’s Tesla Stock Soars

    https://freebeacon.com/democrats/pelosi-pushes-electric-vehicle-subsidies-as-husbands-tesla-stock-soars/

    House Speaker Nancy Pelosi’s (D., Calif.) husband hit pay dirt on Monday as Tesla’s valuation rose to $1 trillion.

    The news comes as Pelosi spearheads legislation that doles out tens of billions of dollars in subsidies to the electric vehicle industry, including Tesla, with provisions to build charging stations for cars and incentivize electric car purchases through tax credits.

  10. Update from middle TN:

    I mentioned a while back my future neighbor ended up putting their lot up for sale a few months after purchasing. Looks like it’s under contract.

    If it goes through, they’ll have paid ~$375k back in mid-April and sold it six months later for $450k. Crazy.

      1. Don’t know yet — will have to see if I can dig up the buyer’s details. I suspect most buyers these days/at these prices are from out of state — lots of folks still buying sight-unseen as our architect and realtor(honestly a good one that brought a lot of value to the table, liar or not 😉 tell us.

      1. there are frictions to closing and moving

        Agreed, we’ll see if/when it closes, but this is land/no house, so the buyers presumably know what they’re getting into. There’s a well on the property so water is a known quantity.

        Just sharing what’s going on around me…

  11. “She ‘massively’ regrets buying her one bedroom flat in 2017, before starting a family, because she is now ‘trapped’ in the property with her 12-week-old baby and partner, unable to move …”

    Her bad choices aren’t confined to real estate.

    2. “Meanwhile, properties under 18 metres, which may still be considered unsafe, do not qualify for grants from the £5 billion pot – instead the government says they can apply for low interest loans, however details of borrowing scheme have still not been set out, months after the announcement.”

      Looks like the “bigg dawgs” with high-rise buildings are getting a taxpayer funded bailout.

  14. I guess this is the finished product of CRT

    “Whiteness is gonna have an end date”

    “Whiteness is an inconvenient interruption”

    Rutgers Professor on White People: “We Gotta Take These MF’ers Out!”

    by Paul Joseph Watson
    October 28th 2021, 6:55 am

    “Dr. Brittney Cooper, a professor in the Rutgers Women’s, Gender, and Sexuality Studies department that goes by the Twitter moniker “ProfessorCrunk,” appeared on a September YouTube interview with writer Michael Harriot of The Root to discuss Critical Race Theory and recent attempts to oppose it being taught in elementary and high schools,” reports the College Fix.

    MRCTV
    @mrctv
    Rutgers professor: “White people are committed to being villains,” “We gotta take these MF’ers out.”

    This professor spewed hatred on a YouTube video with @TheRoot.

    https://twitter.com/mrctv/status/1453141895291588610?s=20

    2. Can you please direct your hostility toward this group of Entities like Global Monopolies, Money Changers, bought off DC, Bill Gates, the Elite, as the culprits , rather than broad brush WHITES as the problem.
      These snakes want you to blame the Whites, so you will be attacking the populations of White Citizens , as they use other races as useful idiots to bring on the slave like Dictorship they plan.
      Please realize who the enemy is you dumb ass , or you will contribute to your own demise.

    3. And after whitey goes extinct, the left behinds will be digging in the dirt with a stick to find bugs to eat, and telling back in the day stories about how when whitey went extinct, he took all the electricity and indoor plumbing with him.

      See also: Haiti.

      1. More likely what will happen once Whitey has been driven out of the US is that the ChiComs will invade the US with no competent opposition, and people like “Dr. Cooper” will end up in labor camps.

      2. Bill Gates recently was pushing that people should eat soy , while he is trying to monopolize farmland purchase.
        Right Bill Gates, we should all have 10 booster shots a year and live on soy.
        According to my research, to much soy is bad for the body. It also has to much estrogen in it to ever be a mainstay in a diet.
        Also Asian cultures have always known that soy has to be fermented to take away its bad properties.
        These psychopaths are so insulting in what they propose.

      1. I didn’t think I’d ever say this, but she clearly raced Stacey Abrams to the buffet table … and won.

        Yeah yeah, I know, I shouldn’t fat-shame. But after all my reading on diet, it’s pretty clear how people, especially young people, get this way. (short version — IMO it’s not just the carbs. It’s the HFCS, seed oils, and snacking effing up the liver.)

    2. Sounds like Pelosi in passing Obamacare saying words to the effect, ” We got to pass this Bill so we can find out what’s in it. “.

      How much more evidence do people need that the public has no protection by Government Regulatory agencies , and we are just lab rats for Big Pharmacy , who puts out bad products that can kill or injure you, or compromise you immune function.
      In fact, one has to question all that comes from Big Pharmacy now that its obvious the public isn’t being protected.

      1. Everyday I look at testimony on injuries and death , and these bastards are sadistic to bring this pain and suffering on people like this.
        Perfectly healthy people ending up like people in the tape above.
        So wrong, so very very wrong.
        I want the responsible to hang.

      1. best reply:

        Oh, why didn’t we test the vaccine on government officials and rich, fat cat billionaires first.

  16. Posted this late yesterday bit figured this story deserved more than a late night viewing.

    Arizona Marine vet who disarmed robbery suspect accepts heroism award in ‘Let’s go Brandon’ T-shirt

    By Greg Norman , Emmett Jones | Fox News
    Published 7 hours ago

    The U.S. Marine Corps veteran seen on video stopping an attempted robbery at an Arizona convenience store has accepted an award from the Yuma County Sheriff’s Office for this “extraordinary heroism and exceptional courage” wearing a “Let’s go Brandon” T-shirt.

    James Kilcer was presented with the Citizen’s Valor Award on Tuesday following the Oct. 20 incident.

    https://www.foxnews.com/us/arizona-marine-disarmed-robbery-suspect-accepts-heroism-award-lets-go-brandon

    1. I saw my first ever Let’s Go Brandon sticker while driving on I-25 through Denver yesterday. I pulled up next to this truck and honked until the driver looked over, and I gave him a thumbs up and he smiled.

      FJB

  17. a NYC taxi inflation nightmare….. The victims were the mostly immigrant cab drivers now left with hundreds of thousands of dollars of debt. There have been three suicides by owner-drivers in recent years.

    About how much is the medallion you paid $410,000 for worth today Richard Chow: Now medallions are only $75,000. We’ve been underwater for so many years. The city created this crisis
    http://queenscrap.blogspot.com/2021/10/taxi-to-dark-side.html

  18. I went back and forth about posting this, but the “real-estate guy” being part of the reading of the approved high school literature in the 2:04 YouTube video below pushed it over the top.

    WARNIG: GRAPHIC LOLA LANGUAGE

    Mother Claims Biden, Garland Sent Feds To School Board Meeting After She Complained About Pedo Porn On Curriculum

    by Steve Watson
    October 28th 2021, 6:07 am

    Ms Langton appeared on Fox & Friends Wednesday to discuss the development, noting that the feds showed up a day after her and other parents protested outside the Department of Justice in DC.

    “I have threats against my children by name, I have been followed in my car with my children, they have my vehicle, they know where I live, and I don’t know who’s putting somebody up to this, but it’s obviously meant to intimidate me,” said Langton.

    https://www.infowars.com/posts/mother-claims-biden-garland-sent-feds-to-school-board-meeting-after-she-complained-about-pedo-porn-on-curriculum/

    Citizen Participation FCPS School Board Meeting – September 23, 2021 #DoBetterFCPS #FCPS

    394,026 views
    Sep 23, 2021

    https://youtu.be/b6Xm4AX25tE

    PS

    Henceforth, if someone calls you “Doug Gobles the real-estate guy” you should (one would hope) considered it to be extremely insulting.

  19. Just in case anyone still doubts we are irretrievably screwed (not whole article, but enough):

    U.S. in Talks to Pay Hundreds of Millions to Families Separated at Border
    Government is considering payments of $450,000 per person affected by Trump administration’s zero-tolerance policy in 2018 for asylum seekers illegally crossing border

    https://www.wsj.com/articles/biden-administration-in-talks-to-pay-hundreds-of-millions-to-immigrant-families-separated-at-border-11635447591?reflink=desktopwebshare_permalink

    1. “Government is considering payments of $450,000 per person affected by Trump administration’s zero-tolerance policy in 2018 for asylum seekers illegally crossing border”

      A friend of mine was recently permanently separated from his son by a fentanyl overdose. How much will the Mexican Government be paying him and tens of thousands of other American families who have been separated from their loved ones by Mexican cartels illegally importing deadly drugs?

      Grassley: The Border Crisis is Fueling Fentanyl Deaths

      Prepared Floor Remarks by U.S. Senator Chuck Grassley of Iowa
      The Border Crisis is Fueling Fentanyl Deaths
      Wednesday, September 15, 2021

      Homeland Security’s border dereliction is inexcusable and life-threatening. Communities across all states are plagued by the crime – particularly the illegal drugs killing Americans by the tens of thousands every year.

      In 2020, over 93,000 Americans died from drug overdoses, a 31 percent increase from the previous year. That exceeds the Rose Bowl’s capacity.

      One drug’s prolific: Mexican fentanyl.

      Fentanyl, a synthetic opioid, is 50 times more potent than heroin. An infinitesimal amount, even as small as a grain of salt, can result in death.

      The cartels are producing the deadly drug and smuggling it into the United States at record highs. They’re also adding fentanyl to other drugs for increased potency and profits, often without users knowing it, and even marketing it as heroin.

      Unsurprisingly, deaths result. From January 2019 to June 2019, almost 62 percent of overdose deaths involved a fentanyl-related substance.

      https://www.judiciary.senate.gov/grassley-the-border-crisis-is-fueling-fentanyl-deaths

  20. The One World Order could never take over the World unless they transfer White wealth to the new replacement Citizens , actually US Citizen wealth that includes all races.
    All started with gutting the US manufacturing and job base and transferring it to China.
    Pretty insulting that they want to loot US Citizens by taxes designed to destroy US Citizens .
    Outrageous that US Citizens are called racist if they don’t want to be robbed by the Government to bring on their own cultural and financial demise.

    1. All started with gutting the US manufacturing

      We are a society of greedy dishonest self-indulging victims.

      You could refuse to buy crap made in China, because that puts your neighbors out of work. Before that it was Japan.

      You could refuse to spend money you haven’t yet earned on stuff you don’t need and is excessive.

      You could have done this over the past decades, or you could decide tomorrow.

      1. “refuse to spend money you haven’t yet earned on stuff you don’t need and is excessive”

        Realtor, I have so much money left after “throwing money away on rent” every month that I don’t know where to throw it.

        I bought a 2018 Subaru this summer after my 2012 Subaru sh*t the bed. Not a bad place to throw some money…

        1. If a Subaru can’t last even 10 years, then Subaru sounds like a pretty bad place to throw some money.

      2. “We are a society of greedy dishonest self-indulging victims.”

        In a republic I am not responsible for my neighbor’s debts.

        1. my neighbor’s debts

          Your neighbor’s debts impoverish you as well, by their outsized spending. Witness the debt donkey house speculator, who cheers unaffordable and rising house prices and rents.

          I’m pretty much insulated from this crap as I live modestly (with a yacht) and no debt service. Not completely, but mostly.

      3. In all ways I started boycotting what I didn’t agree with. I always hated debt and didn’t buy things I couldn’t pay cash for, except for a few houses when I was younger. But, the way I was raised was that debt was bad and not something to enslave yourself over. I do not like China products and avoid them to the degree possible.
        I do like to support my fellow Americans .

  21. “Donald J. Trump has opened and funded an investigation to determine whether Alec Baldwin knowingly and intentionally executed cinematographer Halyna Hutchins after learning that she had begun work on a documentary aimed at exposing a prodigious pedophile ring, said a Mar-a-Lago source under promise of anonymity.

    He told RRN that Trump became suspicious of the “accidental shooting” theory shortly after news of the ghastly incident went public, and those suspicions soared to new heights when he personally spoke with two veteran actors who have effusive knowledge of firearm safety protocols on film sets. The two actors were Jim Caviezel and Jon Voight.”

  22. Knock me over with a feather:

    (Bloomberg) — People inoculated against Covid-19 are just as likely to spread the delta variant of the virus to contacts in their household as those who haven’t had shots, according to new research.

    And of course, there will be endless boosters, like a subscription service. They are already talking about jab #4. Roll up your sleeve, pleb.

    2. That was already known from the beginning of Delta That’s why they slapped the masks back on to vaccinated people. The ONLY way this is going to end is when Delta finds everybody — and I mean everybody. Then cases will drop to where nobody can fear monger anymore.

      As for boosters, instead of endless shots of Pfizer, why don’t they make people get the J&J shot? That one seems to last a long longer than the mRNA shots.

      1. when Delta finds everybody

        You are still believing that “they” are caring for you in the best possible way and do not have an agenda that will continue beyond any mere health risk.

        The PCR test is bogus by design. That means we never did know how many people were pandemic sick or pandemic dead. Seems like there weren’t actually any excess deaths considering overall mortality.

        The masks don’t protect you, not even if you glue them to your face. If real doctors believed they worked, we’d have been encouraged to use them during flu season for the past 100 years.

        Now that the Pharma bosses are getting access to our 5 year olds, they are after the 2 year olds. Not a moment to lose.

        I think it is ironic that our current liar in the oval office (and his VP) said they would never take a vax introduced by DJT and now they say you will take it or you cannot work.

        1. I think it is ironic that our current liar in the oval office (and his VP) said they would never take a vax introduced by DJT and now they say you will take it or you cannot work.

          A “vaccine” we were told was 94% effective (and once 70% had at least one jab the pandemic would end) and that two jabs were all you would ever need (boosters were conspiracy theory). Then it was 3 jabs, and now it’s 4.

  23. Happy Black Tuesday anniversary!

    And not to worry…with the Plunge Protection Team in the game, you can rest assured that the stock market can only go up. So leverage yourself to the hilt, back up the truck, and load up on stonks if you wanna get richer than Croesus.

Comments are closed.