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Reality Always Strikes!

A report from KTNV in Nevada. “Las Vegas realtor Daniel Mahabir said Zillow was active in Las Vegas. ‘They very quickly, because of their platform, became the number two largest iBuyer out here in Las Vegas,’ he said, ‘and then this year, all of that blew up in their face.'”

“Mahabir said as recently as August and September he and other Realtors were looking at Zillow purchases in confusion as the company paid what they considered to be well over market value for homes based on the Zestimate algorithm. ‘We were seeing a lot of agents wondering, what is going on here? This is just not making sense,’ he said. A Zillow representative, Matt Kreamer, admitted, frankly, that Zillow simply paid too much for the homes they had been purchasing.”

The New Hampshire Union Leader. “Summer’s home-buying frenzy is showing signs of easing. Although New Hampshire had 37% fewer homes on the market in October than a year ago, the median sales price of $380,000 dropped for a second straight month and was down $30,000 from its record August milestone. Realtor Rachel Eames said prices are ‘plateauing’ with fewer bidders on a given property. ‘Still multiple offers, but not not multiples of multiples,’ said Eames, based in Concord.”

“The Seacoast area also saw a market downshift in October. John Rice, chief statistician for the Seacoast Board of Realtors. October sales for single-family homes were off 14.5% from October 2020, with the monthly median price dropping to $532,000, the lowest since May 2020, said John Rice, chief statistician for the Seacoast Board of Realtors. ‘The playing field seems to be leveling a little bit when it comes to prices, but the trick is finding something for sale,’ Rice said.”

The Santa Fe New Mexican. “Santa Fe is the unchallenged jewel of the west—and in the real estate market, this year more than ever. The interesting thing is that while some Santa Fe Realtors predict that home values will carry well into 2022, others seem not so sure.”

“Shell Goldman, Keller Williams, ‘Many people I speak with want to know about our market and before I answer, I can hear my thoughts going in different directions. The reason being, it depends on whether you are the buyer or the seller. This year, sellers have been emboldened to list homes at prices that make our heads spin — and they are getting them, and often more. The deluge of out-of-state buyers who find our higher market prices still more affordable than where they come from, adds fuel to our current values. However, I am seeing some price reductions now. Reality always strikes!'”

From KPIX in California. “A one-way, one-block alley in San Francisco has neighbors living in constant fear and afraid for their safety. Willow Street between Van Ness and Polk currently has the highest concentration of tents in San Francisco, according to the latest city data. ‘It’s pretty consistently nerve-wracking,’ said resident Amber Lutsko. ‘This just seems to be a safe space for chop shops, drug trafficking. There was a guy who passed out in front of our door with a needle hanging out of his arm all day long. And our children had to walk past that,’ added Lutsko.'”

“It’s all within feet of The Artani, located at 818 Van Ness Avenue, where units have sold for more than a million dollars. They shared photos of a man they say regularly urinates and throws feces. The smell permeates the entire garage. ‘I can’t really reconcile just the fact that this criminal activity is allowed to happen, I myself have called the cops a number of times,’ said Shannon, who said SFPD has not shown up whenever she’s called.”

From Bisnow New York. “Chris Schlank, the founder of private equity firm Savanna — best known for its New York City office investments — sits down to talk with Bisnow about the uncertain terrain facing owners of urban office buildings. Savanna owns about 7M SF of office space in New York City, and Schlank readily admits landlords like him are having a tough time right now. Workers aren’t coming back to the office as much as he had hoped, and even though companies are back looking for space, the demand in New York City is nowhere near enough to keep up with the new offices that are getting built.”

“Plus, he says, many tenants have felt no obligation to pay rent, even those who are well-capitalized — and the real estate community needs to work together to make city government aware of what the industry needs. ‘We never got any money from the government for all our tenants that were not paying rent. A lot of tenants in our office buildings got a lot of PPP money, never gave us rent,’ he said. ‘A lot of people didn’t pay rent, you’d be surprised the moral compass that went completely upside down.'”

“He said that he has very large, well-known tenants that are still not paying rent — although he declined to identify them. ‘[Landlord and tenant] courts were closed and overwhelmed,’ he said. ‘It’s shocking, it’s humbling to see the hubris of a lot of people out there, you know, take the money and run.'”

From AFP. “On the site of a luxury shopping centre under construction in Nigeria’s economic capital Lagos, a young builder steps gingerly along the top of bamboo scaffolding. Barefoot, with no rope to protect him, the young man carries a long iron rod on his shoulders. The fear is written on his face — one misstep could be fatal. The scene is all too common in the megacity’s upscale neighbourhoods, where extreme wealth and dire poverty cohabit.”

“Builders, many just out of their teens, work day and night in deplorable conditions, raising condos and malls from the ground. Those construction sites are just like the 21-storey high-rise that collapsed on Monday, killing at least 36 people including many workers. ‘What is certain is that this tragedy could have been avoided,’ the manager of a construction company in Lagos, told AFP on condition of anonymity. ‘There are always tell-tale signs when a building is about to collapse, like cracks on the walls. The majority of construction companies in Lagos do not respect the norms… and to make more profit, do not hesitate to overlook quality.'”

“The head of a real estate company in Lagos, who also asked to remain anonymous, said that ‘developers cut corners in a bid to save cost, thereby risking people’s lives.’ Since 2005, at least 152 buildings have collapsed in the city of some 20 million people.”

The Urban Developer in Australia. “Melbourne has chalked up one of the strongest apartment completion rates on record despite high-vacancy rates putting downward pressure on rents according to an industry report.Almost 15,000 apartments were completed in the 2021 financial year, boosting supply well above demand to increase vacancy rates and drive down rents in Melbourne. The city continues to feel the effects of an oversupply of unit according to Charter Keck Kramer’s State of the Apartment Market report for the first half of 2021.”

“Low net overseas inbound migration and Covid-19-induced regional migration led to a decline of Victoria’s population of more than 45,000 people in the nine months to March, 2021. JLL reported signs of settlement default starting to appear, with Melbourne beginning to see apartment sales fall last year as the pandemic began. ‘A soft pre-sales environment is seeing some projects abandoned or delayed, as developers reassess their feasibility,’ the report stated.”

From Reuters. “Some holders of offshore bonds issued by a unit of developer China Evergrande Group had not received interest payments due on Nov. 6 by Monday evening in Asia, two people familiar with the matter said. Scenery Journey Ltd was due to make semi-annual coupon payments on Saturday worth a combined $82.49 million on its 13% November 2022 and 13.75% November 2023 U.S. dollar bonds.”

“Spreads on Chinese corporate high-yield dollar debt widened to record highs on Friday, and on Monday Shanghai Stock Exchange data showed developers’ bonds once again dominating the list of the day’s biggest losers. One yuan bond issued by an onshore unit of Shimao Group was suspended from trade after falling more than 34%. Falls even extended to investment-grade names. Tradeweb data showed a 4.75% January 2030 bond issued by a unit of Sino-Ocean Group Holding fell nearly 15% on Monday to just above 75 cents.”

From Bloomberg. “Investor concerns over China Evergrande Group’s debt are shifting to the country’s stronger property companies as a selloff across the industry’s dollar bonds hits higher-quality borrowers. In a sign that not even state-owned firms are safe from the deepening rout in Chinese developer bonds, Sino Ocean Group Holding Ltd., part-owned by the finance ministry, has become the latest property company to see its bonds slump. Its 4.75% note due 2030 fell to as low as 73.48 cents on the dollar, with spreads over comparable Treasuries widening to a record 800 basis points, according to data compiled by Bloomberg.”

“That’s despite the firm being rated investment-grade at two global credit assessors and holding about 54 times more cash and equivalents than China Evergrande Group.”

From News Room New Zealand. “Kiwi runner Ocean Billy could have netted one punter almost a million dollars in last night’s Melbourne Cup. The investor (as we shall call them) wagered $27,500 on the Auckland Cup winner at odds that would have cost the TAB $977,000 if the six-year-old gelding had won. He didn’t. Ocean Billy ended up running dead last.”

“There are two lessons from that. First, don’t rely on Newsroom for racing advice. Secondly, do rely on Reserve Bank Governor Adrian Orr. Because the morning of the big race, he warned investors against putting all their money on one horse. Of course, he was really talking to the Property Council about New Zealanders’ predilection for putting all their money into houses, not horses.”

“New Zealand needs to continue to improve investor knowledge and options to ensure households develop well diversified nest eggs that meet their needs, he said. ‘Why would you put all your money on one horse – housing – when backing your retirement?'”

“That concern is why the Reserve Bank has reimposed loan-to-value lending restrictions. As of this week, banks are allowed to lend no more than 10 percent of new mortgages to owner-occupiers with a deposit of less than 20 per cent. The constraints on investors are even tighter. And that concern is also why the Bank is expected to lay out a path to impose, for the first time, its long-awaited debt-to-income limits. The loan-to-value restrictions mainly protect the banks and other lenders in the event of a downturn – but it is starry-eyed home-buyers who are protected by the debt-to-income restrictions.”

“The higher they climb, the harder they’ll fall – that’s been the Bank’s consistent warning. ‘At the source of the financial stability risk is the inability of housing supply to respond in a timely fashion to changes in demand, and the drivers that lead to a bias towards housing as an investment choice beyond simply a place to reside,’ the Governor says.”

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This Post Has 143 Comments

  1. ‘It’s all within feet of The Artani, located at 818 Van Ness Avenue, where units have sold for more than a million dollars. They shared photos of a man they say regularly urinates and throws feces’

    Well it was cheaper than renting. Do they “share” these photos? Is there audio?

  2. ‘the demand in New York City is nowhere near enough to keep up with the new offices that are getting built’

    QE is deflationary.

    ‘he says, many tenants have felt no obligation to pay rent, even those who are well-capitalized’

    How do those 5% cap rates look now?

  3. ‘Since 2005, at least 152 buildings have collapsed in the city’

    At one point the most expensive residential real estate on the planet.

  4. ‘the median sales price of $380,000 dropped for a second straight month and was down $30,000 from its record August milestone…the monthly median price dropping to $532,000, the lowest since May 2020’

    Push em back, waaay back! Wa happened to Austin? They got mighty quiet when they fell below March!

    1. Austin housing is a cornucopia of crime. A market festoon with fraud…. a festival of felonious finance.

    2. Wow…our friends who won a bid war and waved the inspection requirement a used home purchased when they moved to Austin in April are already underwater.

      Reminds me of a humourous verse set to the main theme of Tchaikovsky’s Piano Concerto:

      “Tonight we love, but tomorrow
      When the dawn bathes the air,
      The light of day will reveal
      The flab and wrinkles everywhere.”

  5. “A Zillow representative, Matt Kreamer, admitted, frankly, that Zillow simply paid too much for the homes they had been purchasing.”

    Serious question: Did Zillow believe that they could set market prices by overpaying? If so, how could such a savvy tech company make such stupid mistake?

    1. Related question: Are Zestimates systematically inflated to manipulate the comps higher, or do they merely reflect a bad valuation algorithm?

        1. I’d add that one unfortunate consequence of holding interest rates too low for too long is a flood of money into too-dumb-to-succeed investments like Zillow’s iBuyHouses bonds.

          1. The Fed is still buying up $40B a month of mortgage backed securities from its Wall Street investment banker cronies. This is unfathomable when we already have an even bigger housing bubble than the one the Fed blew in 2007.

      2. Another question- if Zillow’s home buying experiment was a fiasco BECAUSE their Zestimate algorithm is broken, then what exactly does Zillow bring to the table?

        1. “… then what exactly does Zillow bring to the table?”

          1. Authority to the dumbed-down and gullible.
          To these people’s thinking if Zillow (the genuine real estate professionals and experts) says it is so then it must be so.

          2. A bull market for housing. When Zillow overpays for a house it creates equity wealth for the neighbors and thus it creates prosperity for our economy.

        2. They still bring everything but the Zestimate to the table. Bed/bath, sq ft, lot size, sales data, internal pix…
          Zillow is still the OG one-stop shop for snooping on people’s houses.

      3. There was a viral TikTok story from about a month ago called “Zillow responds to viral Tik Tok video claiming housing market manipulation”

        Zillow denied the activity in a statement, claiming “With Zillow Offers, our goal is to buy at market rate, then sell quickly at market rate. The business model is designed to generate our profit margins from the convenience fees we charge sellers — typically around 5% today. Because our margins are so thin, it’s critical that we price a home accurately. If we overpay — we’ll lose money on the resale. If we make too low of an offer — homeowners won’t use us,” the statement read.”

    2. Zillow’s initial business model is:

      Zillow has stated that it is a media company that generates revenue by selling advertising on its web site. In April 2009, Zillow announced a partnership to lend its real estate search engine to the web sites of more than 180 United States newspapers as a part of the Zillow Newspaper Consortium. Zillow shares advertising revenue from the co-branded sites with the newspapers and extends its reach into local markets.[5]

      2. Ah, they sell advertising online…like Google, Waze, Yahoo, and boatloads of other tech companies. While providing price information about past used home sales, like Redfin, and any number of near-identical rivals.

        Doesn’t seem like a sustainable business model, given free entry of rivals into their product space.

    3. “…Serious question: Did Zillow believe that they could set market prices by overpaying?…”

      In economic *theory*, you can set prices if you dominate a market.

      Much like the Hunt brothers, who tried to corner the silver market in the early 1980’s.

      However, as the Hunt brothers (and now Zillow) have discovered, economic theory and reality [today’s HBB topic] are two different animals.

      Kinda’ makes you wonder how presumable bright people could be so incredibly stupid.

      Here in the HBB, many have written about this phenomenon.

      Perhaps its an innate flaw in the human brain. Greed and power can short circuit common sense.

      I think we are going to see many more stories like this one, as the whole REIConplex becomes unraveled.

      1. This situation cannot be compared to the Hint Brothers. When they Hunt brothers cornered the market they took control from the Cabal who then changed the margin requirements overnight forcing a squeeze. So the cabal changed the rules in the middle of the game because they were losing.
        No one changed the rules on Zillow.

        1. “So the cabal changed the rules in the middle of the game because they were losing.”

          Never bet against the Kingdom of David and Solomon.

      2. “Kinda’ makes you wonder how presumable bright people could be so incredibly stupid.”

        An excellent example of Groupthink in action.

        1. “…Groupthink in action…”

          Yep, one of the most famous in world history was the failed 1961 ‘Bay of pigs’ invasion of Cuba.

          I understand that even the term ‘Groupthink’ was coined as a result of the blotched planning prior to this invasion, by [guess who] ‘the smartest man in the room’.

          Fascinating world history.

          Of course, now most everyone in the REIConplex thinks they are ‘the smartest man in the room’.

          Soon, lots of [formerly] ‘smartest man in the room’ are going to be on their kneepads in front of Mr. Bankers desk.

          Lesson learned. No matter how the world turns. Mr. Banker will make the big $$$.

          1. Groupthink = no child left behind.

            If no child is left behind, no child can advance beyond the dumbest/laziest.

      3. “However, as the Hunt brothers (and now Zillow) have discovered, economic theory and reality [today’s HBB topic] are two different animals.”

        I’d argue that Zillow misapplied economic theory, assuming that was their plan. The housing market does not satisfy the necessary conditions to establish monopoly control on prices. Potential new construction makes supply virtually unlimited, buyers’ ability to choose lower quality housing to fit their budgets make the demand unstable, and the presence of rival firms make the market competitive…not a natural monopoly.

        The biggest problem is that once end users are priced out of renting or owning, corporate buyers find themselves stuck HODLing empty units purchased at a price that remains above potential occupants’ budget limit, leaving only other corporate buyers in the demand side of the market. Empty housing units require the corporate owner to bear all HODLing costs, which makes them a negative returning asset, unless prices are rising fast enough to cover paymentd, interest, taxes, insurance, depreciation and maintenance, etc. Now that price appreciation is slowing, empty units are looking like an Everworse investment choice.

        1. “The biggest problem is that once end users are priced out of renting or owning, corporate buyers find themselves stuck…”

          Sounds similar to Jeremy Grantham’s thesis.

          1. Maybe…I’m not familiar with it.

            But the difference between owner occupied housing and empty housing as a separate asset class is pretty obvious upon a moment’s reflection. Without high rates of price appreciation, the attractiveness of holding empty houses that are too expensive to sell or rent out declines rapidly.

        4. After a historically unprecedented period of crazy home price increases in the face of a pandemic-related recession, are you looking forward to prices becoming affordable again?

          Our friends at the Mortgage Bankers Association concur!

        5. MBA housing price forecast:
          1) Massive nearterm gain
          2) Subsequent little bitty baby bear decline
          3) Repeat of 2007-2009 CR8R? Unpossible.

          2. Fortune
            Home prices to drop by late 2022, says the Mortgage Bankers Association
            Lance Lambert
            November 8, 2021, 7:41 am

            It was inevitable that the housing market would slow down a bit. After all, home prices can’t continue to outpace income growth by a 4-to-1 ratio forever, right?

            However, even as the market has seen some softening so far, price hikes and bidding wars are still ongoing across the U.S. And the industry consensus is that whatever cooling comes next year, it will slow—but not stop—the continuing rise in home prices.

            However, that assessment isn’t shared by the Mortgage Bankers Association, an industry trade group based in Washington, D.C., which recently published its 2022 forecast. While the Mortgage Bankers Association foresees the median price of existing homes posting a 15.3% year-over-year gain to $362,000 in the first quarter of 2022, it sees prices beginning to fall as the year progresses. The group expects the median price of existing homes to end 2022 at $352,000. That would represent a 2.5% year-over-year drop in home prices.
            …

            (Full article at long link…)

          3. And the industry consensus is that whatever cooling comes next year, it will slow—but not stop—the continuing rise in home prices.

            However, that assessment isn’t shared by the Mortgage Bankers Association, an industry trade group based in Washington, D.C., which recently published its 2022 forecast. While the Mortgage Bankers Association foresees the median price of existing homes posting a 15.3% year-over-year gain to $362,000 in the first quarter of 2022, it sees prices beginning to fall as the year progresses. The group expects the median price of existing homes to end 2022 at $352,000. That would represent a 2.5% year-over-year drop in home prices.

          4. One of these things is not like the other…

            “And the industry consensus is that whatever cooling comes next year, it will slow—but not stop—the continuing rise in home prices.”
            …
            “That would represent a 2.5% year-over-year drop in home prices.”

  6. ‘In a sign that not even state-owned firms are safe from the deepening rout in Chinese developer bonds, Sino Ocean Group Holding Ltd., part-owned by the finance ministry, has become the latest property company to see its bonds slump…That’s despite the firm being rated investment-grade at two global credit assessors and holding about 54 times more cash and equivalents than China Evergrande Group’

    Ring ring!

    Andy speaking.

    Andy this is Bloomberg Death Star, what’s the status of the turd?

    Still sinking Sir.

    Why is this spreading?

    They aren’t buying our horsesh$t Sir.

    1. Bloomberg has been front & center in reporting on China, but the level of access they enjoy suggests they have “understandings” with the CCP bosses to downplay the full extent of the housing bubble bust. Outspoken critics of CCP policies or truth-tellers can expect very abbreviated stays before official patience runs out.

    2. ** “Plus, he says, many tenants have felt no obligation to pay rent, even those who are well-capitalized — and the real estate community needs to work together to make city government aware of what the industry needs. ‘We never got any money from the government for all our tenants that were not paying rent. A lot of tenants in our office buildings got a lot of PPP money, never gave us rent,’ he said. ‘A lot of people didn’t pay rent, you’d be surprised the moral compass that went completely upside down.’”

      oh brotherrrrrrr. whenever someone/business gets the pointy side of the stick all of a sudden they cry out for government to “Work TOGETHERRRRRR!”

      and they all-of-a-sudden get a “moral compass” when said stick pokes ’em. no “moral compass” when THEY were rent gouging.

      after all, it’s “Just Business”.

      uh huh. sure it is. until you lose. then you’re no different than the CCP pot-bangers demanding govt. action!

  7. ‘Why would you put all your money on one horse – housing – when backing your retirement?’

    Central bankers always assume the high ground when they break it off in the shack gamblers a$$es.

    1. ‘Why would you put all your money on one horse – housing – when backing your retirement?’

      FOMO?

      It’s hard to buy homes in small, divisible units. Though highly encouraged and subsidized by our federal government overseers, buying a single family home on leverage is one of the highest risk, least diversified financial gambles most households who do it will ever make.

  8. From the NH article:

    ‘After the summit, Randolph said he heard from Fish and Game, who asked him to block off a portion of the property where he did not plan to build. Randolph praised a Fish and Game employee who searched on the ground for signs of rabbits on the cottage property and probably walked away with 10 to 15 ticks.’

    Jeebus. I had no idea.

    From the ‘don’t ya hate it when that happens’ department:

    ‘Tat’s awkward! A TikTok user has revealed they got their boyfriend’s name inked down their spine in giant letters just one week before they broke up. Ashlyn Grace — who uses they/them pronouns — took to the social media app last week to share a story about the enormous inking.’

    ‘Don’t be alarmed, it’s a bit big,’ Grace stated just seconds before the big reveal.’

    ‘Not the Times New Roman size 48 font! Why?!’ one aghast follower exclaimed.’

    https://nypost.com/2021/11/04/woman-gets-huge-tattoo-of-boyfriends-name-days-before-breakup/

      1. those who are non binary, im a wussie one day and a he man wearing overalls and red wing steel toe boots then next, and a street walkers trashy make up the next and back to being a normal woman for the rest of the week.

    2. “…boyfriend’s name inked down their spine…”

      Is that to let the other pipe fitters know they’re trespassing? LOLZ!

      2. While, of course, the men themselves want free rein to trespass all the thigh gaps Hunter Biden can buy. These are the same guys who think they’re worthy of supermodels when they themselves have to grow hair on their chins because there is none on their scalps. 🙄

  9. “…the median sales price of $380,000 dropped for a second straight month and was down $30,000 from its record August milestone. Realtor Rachel Eames said prices are ‘plateauing’ with fewer bidders on a given property.”

    Dropping, plateauing…it’s all the same to a lying, dissembling used home seller.

  13. Video: Al Gore’s Latest ‘Solution’ To Climate Change Is Mass Surveillance

    by Steve Watson
    November 8th 2021, 5:59 am

    Speaking from the private jet and super yacht owners gathering, otherwise known as the COP 26 summit, Al Gore touted his latest solution to curb carbon emissions, mass surveillance via satellites, sensors and artificial intelligence.

    In the interview with MSNBC’s Andrea Mitchell, Gore declared that technology created by the so called Climate TRACE coalition will monitor greenhouse gas emissions and root out the culprits.

    “We get data consistently from 300 existing satellites, more than 11,000 ground-based, air-based, sea-based sensors, multiple internet data streams and using artificial intelligence,” Gore explained, adding “All that information is combined, visible light, infrared, all of the other information that is brought in, and we can now accurately determine where the greenhouse gas emissions are coming from.”

    Insert Man Bear Pig gif here.

    Gore, who in 2008 said there would be no polar ice caps left within five years, continued, “And next year we’ll have it down to the level of every single power plant, refinery, every large ship, every plane, every waste dump, and we’ll have the identities of the people who are responsible for each of those greenhouse gas emission streams.”

    And what, pray tell will happen to these climate criminals Al?

    “If investors or governments, or civil society activists want to hold them responsible, they will have the information upon which to base their action and holding them responsible,” Gore proclaimed.

    https://www.infowars.com/

          1. Yup, he’ll just buy a carbon credit and voila, his mansions, cars and jets will be “carbon neutral”, while working class folks hit the foodbanks because there was no money left after paying the heating bill.

  14. Realtor Rachel Eames said prices are ‘plateauing’ with fewer bidders on a given property. ‘Still multiple offers, but not not multiples of multiples,’ said Eames, based in Concord.”

    Multiples of multiples lies from realtors continue unabated.

  15. ‘The playing field seems to be leveling a little bit when it comes to prices, but the trick is finding something for sale,’ Rice said.”

    No, the trick is finding the optimal adjustment for my lawn chair while I patiently await the carnage bearing down on Housing Bubble 2.0.

  16. ‘Many people I speak with want to know about our market and before I answer, I can hear my thoughts going in different directions.

    Yes, you realtors are infinitely talented when it comes to concocting creative lies on the spot.

  17. Wall Street Journal — Covid-19 Vaccines and Myocarditis Link Probed by Researchers (11/7/2021):

    “As U.S. health authorities expand use of the leading Covid-19 vaccines, researchers investigating heart-related risks linked to the shots are exploring several emerging theories, including one centered on the spike protein made in response to vaccination.

    Researchers aren’t certain why the messenger RNA vaccines, one from Pfizer Inc. and partner BioNTech SE and the other from Moderna Inc., are likely causing the inflammatory heart conditions myocarditis and pericarditis in a small number of cases.”

    https://archive.md/CwyVB

      1. I expect the MSM to memory hole every story about hospitals overcrowded because of an “inexplicable” surge in non-covid patients.

    2. The FDA has failed to protect the public from Big Pharmacy , and they get to have unacceptable side effects on their junk new technology vaccines ,over a unjustified Pandemic.
      The Citizens have to stop it, because who knows if the Judicial Branch is going to or not.
      The National Election was rigged to put in the Puppets for this radical agenda of take over by these Entities that want to turn us into controlled slaves. Its doubtful that more than 30% of the population wants the agenda they plan, and those are people who are brainwashed dumb asses that don’t really understand what they plan.
      All the bribes and false narratives they use to overtake current systems , while they loot and loot the Country is evident, and everything rigged.
      We have a President who poops his pants and falls asleep during Summits , who is putting about 80 million people under threat of job loss if they don’t take the jab. Others are calling for the unvaccinated to be hauled off to camps , or starved by not being allowed grocery store access. Others, like Prince Charles pushing for military enforcement of the Globalist Agenda, over false narratives like Pandemics and BS Climate Change.
      The creation of false crisis, as a weapon to bring on a One World Order Dictorship , by Psychopaths.
      They won’t take their junk vaccines off the market , and they will do everything to force it down the throats of people, and even children now.
      I don’t recognized the current Government as being anything but a criminal insurrection to take over current system and any freedoms. I would not be surprised if they had a depopulation agenda .

    3. Meanwhile the NBA is telling players who took the J&J kielbasa more than two months ago to get boosters. Two months. Wow. My guess at the beginning was they’d try to make it every six months. My cynicism still can’t keep up with reality.

      2. You cynicism can’t even keep up with the difference between two totally different vaccine formulations. 🙄

        2. His wife went on a twitter rampage saying that maybe he’s just doing family stuff like going to soccer games- then even she realized how stupid that sounded and deleted it. Yeah, Newsom would much rather being doing that than feeding his ego at the global warming, er, climate change summit.

        3. On Twitter, Tweets like this one from Joshua Coleman from Roseville, CA are appearing: “Sources close to @GavinNewsom claim he is experiencing Guillane-Barre [sic] syndrome following booster vaccine. Allopathic medicine rarely acknowledges and comprehensively treats vax injuries. Please share your recommendations of known treatments for Gov. Newsom.”

          1. Steve Kirsch on Substack: Gavin Newsom is out of sight likely because he has Bell’s Palsy from his booster shot

            “Email I sent to a good friend of Newsom (who for sure knows his condition) about vaccine-induced Bell’s Palsy drew an immediate response asking for more info on effective treatments”

          2. You’d think that the high level quisling’s would know better than to actually take the kill shot.

      3. Maybe mix-and-max jabs wasn’t such a good idea after all. Jen Psaki is MIA too. She should have bounced back since she was fully jabbed.

        1. She should have bounced back since she was fully jabbed.

          She did claim that it was a mild case, since she’s vaxxed. I’ll bet she was probably given monoclonal antibodies too. Anyway, it’s been 8 days.

          1. Let’s ask for her medical information! What’s she going to do, cry “privacy?” These are the same evil cucks who want to upload everything to an app for the inspection pleasure of every bouncer at every nightclub.

  18. ‘It’s pretty consistently nerve-wracking,’ said resident Amber Lutsko. ‘This just seems to be a safe space for chop shops, drug trafficking.

    Lemme guess: Libtard Amber has no inkling of the linkage between her D vote election after election & the societal decay being visited upon the back alley behind her house.

    1. Ideology wins over logic. It reminds me of parents who after losing a child to the kill shot say “It was worth it, and we will vax our other children once they are eligible.”

  19. ‘I can’t really reconcile just the fact that this criminal activity is allowed to happen, I myself have called the cops a number of times,’ said Shannon, who said SFPD has not shown up whenever she’s called.”

    You reap what you vote, libtards.

      1. I love reading about San Francisco. Also Portland and Seattle and Evergreen college.
        Yes but unfortunately the logic is of SF is infecting other areas.
        One candidate in NC proposed the same bail system Seattle and New York has, no bail for many crimes. Fortunately he was defeated, this time. Next time? Who Knows.

  20. ‘A lot of people didn’t pay rent, you’d be surprised the moral compass that went completely upside down.’”

    Chris, were you somehow unaware you lived in a Democrat-Bolshevik malgoverned city where a defective moral compass is a prerequisite for commies being elected despite their incompetence & corruption?

    1. Why is he so surprised? Hasn’t he been watching the latest episodes of “Catch me if you care,” broadcast live from the Walgreens on Market Street Frisco?

  21. Falls even extended to investment-grade names. Tradeweb data showed a 4.75% January 2030 bond issued by a unit of Sino-Ocean Group Holding fell nearly 15% on Monday to just above 75 cents.”

    Oh dear…but I thought “investment grade names” would be ring-fenced against such contagion…unless, of course, Chinese ratings agencies are as captured and corrupt as ours, and the smart money knows this.

  22. Good trend, and see reductions daily in my inbox. Now we just have to wait for the ten-thousands digit to move to the hundred-thousands.

  23. FJB!

    2020 Swing State Lawsuit: Nearly 26,000 Dead People Allegedly Found on Voter Rolls, Almost 4,000 Dead for 20 Years

    https://www.westernjournal.com/2020-swing-state-lawsuit-nearly-26000-dead-people-allegedly-found-voter-rolls-almost-4000-dead-20-years/

    ‘12,000 Ballots Recently Found’: NJ Senate President Refuses to Concede to Trucker

    https://usafirstreporting.com/12000-ballots-recently-found-nj-senate-president-refuses-to-concede-to-trucker/

    FJB!

    1. Take a look at that thug.

      The irish mob will never let go of NY/NJ/CT/MA/PA(PHILLY!) without going scorched earth.

      1. The Irish mob doesn’t even control South Boston anymore. It’s all trendies in ridiculously overpriced condos in divided up multifamily houses.

        1. The irish mob as you characterize it isn’t the same irish mob I’m talking about. These guys are union officials, in particular the internationals(IBEW and Operators*PHILLY*) who also happen to be related to elected officials. They also run the local Ma Bells, schools, school boards, police departments in every city, large and small in the northeast. These people are all related. If you know beantown then you know the patronage machine. And it’s all democrat. On a side note, Philly is the most corrupt city in the US. More than Boston and NYC combined.

          As far as beantown housing? It’s cratering.

          Danvers, MA Housing Prices Crater 17% YOY As Boston Submerges Into Soaring Unemployment And Poverty

          https://www.movoto.com/danvers-ma/market-trends/

          1. “who also happen to be related to elected officials”

            Yeah true that whole racquet is still firmly entrenched. But in fairness the Irish contingent has been in decline since the 1980s.

            The president of the Boston teachers union is Jessica Tang and the VP is Erik Berg. The president of the MA teachers union is Merrie Najimy.

            The president of the NY state teachers union is Andrew Pallotta and VP is Jolene DiBrango. Mulgrew president of the NYC teachers union would most likely have some Irish heritage.

            The president of the Philadelphia teachers union is Jerry Jordan, an African American.

    2. “12,000 Ballots Recently Found”

      Funny how Mastercard and Visa can track everyone’s spending down to the penny, but ballots…

      1. or companies with billions of shares and hundreds of thousands of shareholders they never is a shareholder suit alleging fraud….

      2. When they do the multistate megabucks lottery they know where the ticket was sold right away even when it was some tiny gas station in the middle of nowhere and they usually know who won it by Monday.

    1. Hank Williams sang it
      Number 3 drove it
      Chuck Berry twanged it
      Will Faulkner wrote it
      Aretha Franklin sold it
      Dolly Parton graced it
      Rosa Parks rode it
      Scarlett O chased it

      Smooth as the hickory wind
      That blows from Memphis
      Down to Appalachicola
      It’s hi ya’ll did ya eat well
      Come on in I’m
      Sure glad to know ya
      Don’t let this old gold cross
      An’ this Allman Brothers t-shirt throw ya
      It’s cicadas making noise
      With the southern voice

      Tim McGraw – Southern Voice

      https://youtu.be/RdT8Tlzto20

  25. $399,500 3 bd 3ba 3,064 sqft
    4320 E Tomahawk Dr, Kingman, AZ 86401

    https://www.zillow.com/homedetails/4320-E-Tomahawk-Dr-Kingman-AZ-86401/8346011_zpid/

    11/7/2021 Price change $399,500 (-14.1%) $130/sqft

    9/3/2021 Listed for sale $465,000 (+132.6%) $152/sqft

    7/17/2012 Listing removed $1,200

    3/16/2012 Listed for rent $1,200

    11/1/2011 Sold $199,900 $65/sqft

    9/19/2011 Price change $199,900 (-4.8%) $65/sqft

    8/26/2011 Price change $209,900 (-6.7%) $69/sqft

    7/28/2011 Price change $224,900 (-6.3%) $73/sqft

    6/23/2011 Listed for sale $239,900 (+62.2%) $78/sqft

    6/13/2011 Sold $147,900 (-59%) $48/sqft

    4/21/2006 Sold $360,845 (+50.4%) $118/sqft

    9/8/2003 Sold $240,000 $78/sqft

    I’d bet the earliest 2011 sale was a foreclosure. 2006 strikes again. Jumped 50% in three years then crater.

    2. I remember Kingman being some exit for a gas ( diesel in my case) stop back in the 1990’s. No reason to think anyone would have any business being so far from urban centers in CA and Phoenix unless it was that they were stuck in Kingman by birth.

  27. I thought Zillow knew that their algorithms were too optimistic and have been for years. Wonder who the idiot was that decided that zestimates were accurate market values.

    1. Ok, so thousands in Los Angeles go out to protest the vaccine mandates. Doesn’t seem like main stream news wants to report on it.

      THEY AREN’T GOING TO SHOW THE REVOLUTION.

      You have no other choice but to take your kids out of their Schools because they are saying now they have right to jab your kid without your permission.
      Nobody said it was going to be easy to combat these killers.

      1. they are saying now they have right to jab your kid without your permission

        If it’s true that Newsom was seriously injured by his booster shot … well … what can I say?

    2. “Wonder who the idiot was that decided that zestimates were accurate market values.”

      Was that the case, or did they knowingly overestimate the market value in order to drive up the comps, and particularly the value of their iBuyer HODLings?

    1. Good question? Does the ruling class actually take these shots and boosters? Who believes Biden or Dr Fauci took the shot. They get the good stuff like Ivermectin.

      2. What did that faceplant gesture mean?

        I’ve been to many public meetings over the course of decades, and have never seen a meeting participant express himself thusly.

        1. The prosecution’s witness destroyed the prosecution’s argument. Rittenhouse acted in self-defense when he shot that witness.

          1. Fake News MSM headlines this morning are using “Lone survivor shot by Kyle Rittenhouse” without mention of self-defense.

  31. Gupta is licensed in NY, SC, GA, TN and MI. Have at it, friends!

    https://twitter.com/RWMaloneMD/status/1457836466881630208: Sanjay Gupta and CNN may have thought they were being cute, but marketing an unlicensed vaccine directly to children crosses mulitple major ethical lines. They deserve to be sued, boycotted, and Gupta should lose his license to practice medicine for this. Quite serious. NOT OK!!

    1. More from Dr. Malone (emphasis added mine):

      Deconstructing the CNN/Gupta/Big Bird pediatric vax advertising. What is going on is that Pfizer is using CNN as a surrogate to advertise directly to children, thereby driving consumer demand, to cause the USG/CDC to purchase additional Pfizer unlicensed EUA SARS-CoV-2 vaccines.

      This constitutes illegal marketing of an unlicensed pharmaceutical product.

      And it appears to involve collusion between CNN, the Sesame Street organization, and Pfizer. This may meet criteria for corrupt racketeering.

      1. They look like perverts, the kind that hang out in parks . Also heard they have been offering bribes of $100 to take a vaccine.
        Its so creepy I can’t stand it.

  32. “Its 4.75% note due 2030 fell to as low as 73.48 cents on the dollar, with spreads over comparable Treasuries widening to a record 800 basis points, according to data compiled by Bloomberg.”

    Is 800 bps alot?

    “That’s despite the firm being rated investment-grade at two global credit assessors and holding about 54 times more cash and equivalents than China Evergrande Group.”

    Got contagion fears?

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