skip to Main Content
thehousingbubble@gmail.com

The Housing Market Is Well And Truly Past Its Peak

A report from Fox Business. “Zillow reached a deal to sell about 2,000 homes from its ill-fated house-flipping program. The company said it intends to sell roughly 9,800 homes it owns, plus another 8,200 it had been in the process of buying. The company expects to lose between 5% and 7% on these sales. In addition to the homes Zillow had left at the end of the third quarter, the company said it has another 8,200 in contract to buy and will also need to sell.”

From WRAL in North Carolina. “In the Triangle, Zillow will remain a home seller since it owns more than 100 properties acquired through its program, some of which have yet to be listed on the open market, a Zillow spokesperson told WRAL TechWire.  told WRAL TechWire. ‘When you’re talking about billions and billions of dollars, and buying 100, 200 houses every day, you’re going to make mistakes,’ said real estate technology industry analyst Mike DelPrete. Zillow’s mistake was, according to DelPrete, a ‘catastrophic pricing failure.’  The company racked up about a billion dollars in losses before deciding to end the iBuying program.”

The Dallas Business Journal. “The housing market downshift has been palpable in North Texas, said Mark Johnson, CEO of Frisco-based JPAR Real Estate, who used a racing analogy. ‘If the speed limit is 70 miles an hour, we’ve been going 150,’ Johnson said. ‘We’re still going 100. Yeah, we’ve slowed from 150 to 100, but the speed limit’s only 70.'”

“What that means in the field is that instead of getting 20 or 30 offers on a house, buyers and real estate agents are seeing four or five, Johnson said. About 25% of homes that hit the marketer still selling ‘instantly,’ he said, and the 75% that remain are selling within 30 days. Another positive sign: Building permits across Texas are up 25% or more, so more homes are coming on the market, Johnson added. ‘The new builders are coming to the rescue,’ he said. ‘There’s relief for many folks.'”

The Spokesman Review in Washington. “Spokane County’s housing market frenzy moderated in October as a fall cooldown brought fewer competing offers and home sales. ‘You could feel a little bit of the slowing down as we were changing seasons,’ said Kyle Krug, a Spokane-based broker. ‘I think we are getting fewer offers per home and we’re also getting fewer escalation clauses. We are also seeing a lot more price reductions, too.'”

The Sacramento Bee in California. “In October, the median home sale price in Sacramento County remained steady, hovering around $495,000. That’s declined a bit since June, when median prices peaked at $503,000. The trend Placer and El Dorado counties looked relatively similar: after peaks above $680,000 in June, prices have fallen month to month. In October, the median home sale price in Placer and El Dorado counties was $645,000 and $619,375, respectively.”

From Fox 6 in Wisconsin. “It’s a gamble many home buyers took over the last year: waiving their home inspection contingency. In many cases, it was a necessary gamble to land a winning bid. However, with risk can come regret. William Braun wrote to Contact 6 about his recent home purchase. ‘I was constantly looking at properties,’ said Braun of his search for a new condo over the summer. ‘Me and my wife went out, we fell in love with a [condo], by the time we got home, it was gone.'”

“After four failed bids, Braun wanted his offer to stand out. So, he waived the home inspection contingency. ‘When you waive that inspection things can move fast and they do move fast,’ said Braun. ‘Don’t do what I did.'”

The Buffalo News in New York. “Some three dozen landlords from across Erie County have filed a lawsuit calling the state’s ongoing eviction moratorium unconstitutional. Their inability to evict tenants who assert a Covid-19 financial hardship has caused them to suffer ‘tremendous harm,’ with some at risk of losing not only their rental properties, but their own homes, according to their State Supreme Court filing.”

“‘For the month of October 2021, my business has experienced a shortfall of $22,017,’ Anthony F. Trusso said in his affidavit. ‘I have had to use personal funds and funds from my other businesses to cover the losses experienced to cover Tru’s mortgages, taxes, and other expenses.'”

From Bayshore Broadcasting in Canada. “Home sales in Bruce and Grey counties cooled off in October. The Realtors Association of Grey Bruce Owen Sound says 301 homes sold last month, a substantial decline of 21 per cent from October 2020. Average home prices in Grey Bruce in October were just over $657,000, a decline from September when they topped $703,000.”

The Australian Financial Review. “House prices have fallen across 7 per cent of suburbs in Australia during the past three months, marking a sharp rise from the March peak. The slowdown was most prominent at the high end of the housing market where dwelling values were about $1 million or more, said Eliza Owen, CoreLogic Australia head of research. The volatility in mining towns and regional areas has also resulted in house prices slumping by 10.3 per cent in South Hedland in WA’s East Pilbara region during the past three months.”

“‘Some of the more remote, resource-based markets have seen more suburbs decline in value in the three months to October, and the declines in these areas have been more severe,’ said Ms Owen. ‘This may be a sign of these markets stabilising against a shock to affordability conditions.'”

“Looking ahead, Ms Owen said more suburbs were likely to see a decline in median values as the markets moved past their peaks. ‘The housing market is well and truly past its peak for the current cycle, and it makes sense that as more headwinds accumulate, price increases will continue to slow, and more suburbs may see an adjustment in price,’ she said. ‘This comes back to borrowing constraints associated with the increased loan serviceability buffer from APRA, as well as banks proactively tightening lending conditions.'”

From Reuters on China. “Evergrande, the world’s most indebted developer which once epitomised a freewheeling era of borrowing and building, has been stumbling from deadline to deadline in recent weeks as it grapples with more than $300 billion in liabilities, $19 billion of which are international market bonds. Exactly what time the grace period expires on Wednesday is unclear, but the two sources with knowledge of the matter earlier told Reuters that some bondholders had not been paid by the end of the Asian business day. They declined to be named as they were not authorised to speak to the media.”

“For its two separate offshore coupon payment obligations that were due in late September, the developer’s bondholders did not receive the payments until one working day after the 30-day grace periods ended. ‘The expectation is that it will be paid,’ said Karl Clowry, restructuring adviser and partner at Addleshaw Goddard LLP. ‘It would be quite a surprise if the funds do not flow to the trustee in the requisite timeframe given the immediate cross-default and ripple effect on suppliers and the wider People’s Republic of China real estate market.'”

This Post Has 111 Comments
  1. ‘a deal to sell about 2,000 homes from its ill-fated house-flipping program’

    It’s not every day you see 2,000 a$$ poundings handed out at once.

    ‘In addition to the homes Zillow had left at the end of the third quarter, the company said it has another 8,200 in contract to buy and will also need to sell’

    Morer a$$ poundings, close baby close!

    1. It’s not every day you see 2,000 a$$ poundings handed out at once.
      That sentence just struck me as so funny 🤣

    2. This is too interesting not to follow up. The buyer here buys a mortgage company that specializes in making loans to home flippers.

      “https://www.marketwatch.com/story/rental-property-owner-pretium-to-acquire-anchor-loans-which-lends-to-home-flippers-11635855943”

      Their business model seems to be basically an interest rate capture scam where they issue bonds at low interest rates and use the money to buy houses and capture the spread between the interest rate paid on the bonds and the rent collected from the properties.

      This business model can only work in an environment where interest rates are falling. Their 70,000 SFH Ponzi scheme collapses as soon as their is any significant rise in interest rates.

      1. “Who are these people?”

        They are the well conditioned FOMO dummies. Their many experiences of rejection set their emotions to proper exploitation state.

        Here …

        “‘I was constantly looking at properties,’ said Braun of his search for a new condo over the summer. ‘Me and my wife went out, we fell in love with a [condo], by the time we got home, it was gone.’”

        Experience this situation a few times and – presto! – a mark is created.

        If there are thirty people engaged in a bidding war then ONE person will win the prize. This means the other twenty-nine bidders lose out. These losers are then conditioned to “feel they must try harder the next time; I use the word “feel” here because feelings are what end up driving their buying decisions.

        Common sense may have prevailed at the beginning of their buying decisions but after repeatedly falling in love and being rejected common sense gives way to emotion, the emotion of FOMO.

        At the root of all this nonsense lies a vast amount of herd stupidity.

    1. ‘When you waive that inspection things can move fast and they do move fast,’ said Braun. ‘Don’t do what I did’

      Bill da winnah!

  2. We now have definite confirmation of what we long suspected:

    Zestimates zuck.

    “Zillow’s mistake was, according to DelPrete, a ‘catastrophic pricing failure.’ The company racked up about a billion dollars in losses before deciding to end the iBuying program.”

    1. We now have definite confirmation of what we long suspected:
      Zestimates zuck.

      Around 2007-2008 (don’t recall the exact year) I was at an MBA meeting and Zillow came up in the meeting. I mention in the meeting that the zestimates were pretty “suspect.” The facilitators (some of whom worked for the MBA) pretty much disagreed and said Zillow isn’t perfect, but it’s new and over time it will find tune everything and nail the Zestimates. If I recall correctly, they were very high on what Zillow was doing. I guess Zillow still hasn’t quite mastered the Zestimate yet.
      I am retired from the business now but I still can’t help but enjoy their losses. Yeah, I am a sick S@B.

      1. ‘it’s new and over time it will find tune everything and nail the Zestimates’

        Yeah, and my self-driving flying segway is gonna change everything! You’ll see.

        We’ve got a saying in accounting about estimates, which have to be done at times. The real number might be higher, it might be lower, but it almost certainly is not the number we put down on paper.

      2. My take on Zesstimates was that they started their existence as a “gamified” aspect of the website. As in, post a number that makes people feel good about the fictional value of their house which we just pulled out of our butt. All websites and apps do this, they give you stars or points or status. Again, gamified.

        What happened, I think is that along the way the Zilldos forgot how Zesstimates came to be and their original design – to delight the audience and make the website sticky. Along the way they started looking at Zesstimates as if they were true!

        If they had been smart, which they weren’t they would have been running a reality based alogrithim in paralell. One for their own benefit and one for the marks. But history in corps and orgs is elusive.

        1. “If they had been smart, which they weren’t”

          Billions in no recourse loans that they can stiff the lenders with that they used to artificially inflate their stock options to cash out billions in personal wealth? It’s evil, devious, and profoundly corrupt, like everything else in Silicon Valley. But it’s definitely “smart”.

    2. Zillow’s zestimates created phantom equity wealth for entire neighborhoods. Some of these neighbors then felt that:

      1. They were financial geniuses, and

      2. This magical wealth creating miracle would continue forever, thus

      3. This equity wealth should immediately be cashed out and spent.

      So this is what they did and in doing so made lenders (who just cannot say no) some very easy money. But now things have gone into reverse; the wealth has gone proof and what remains is lots of debt.

      Now it is time for the fun part.

    3. “The company expects to lose between 5% and 7% on these sales.”

      Is this expectation based on the infallible algorithms that ran their buyer and Zestimate programs?

  3. ‘For its two separate offshore coupon payment obligations that were due in late September, the developer’s bondholders did not receive the payments until one working day after the 30-day grace periods ended. ‘The expectation is that it will be paid’

    It’s November Karl. The globalist scum media is covering for the Chi-coms with this dithering about “formal default”.

    ‘It would be quite a surprise if the funds do not flow to the trustee in the requisite timeframe given the immediate cross-default and ripple effect on suppliers and the wider People’s Republic of China real estate market’

    Oh that! It would be a surprise, surprise! They’re commies for jeebus’ sake.

    1. A German investment group filed a bankruptcy petition against Evergrande this week saying Evergrande failed to make interest payments on bonds within the leniency period.

  4. ‘Some of the more remote, resource-based markets have seen more suburbs decline in value in the three months to October, and the declines in these areas have been more severe’

    One of the more bizarre thing ever seen. These dust plagued sh$tholes fall more than half, boom again – what did you think would happen?

  5. A report from Fox Business. “Zillow reached a deal to sell about 2,000 homes from its ill-fated house-flipping program. The company said it intends to sell roughly 9,800 homes it owns, plus another 8,200 it had been in the process of buying. The company expects to lose between 5% and 7% on these sales. In addition to the homes Zillow had left at the end of the third quarter, the company said it has another 8,200 in contract to buy and will also need to sell.”

    https://twitter.com/Hipster_Trader/status/1458538993973399558
    Hipster
    @Hipster_Trader
    You know things are f*cked up when an investor can buy 2,000 homes in one fell swoop while most people can’t afford a home
    Quote Tweet
    WSJ Real Estate
    @WSJRealEstate
    · 17h
    Zillow reached a deal to sell about 2,000 homes from its ill-fated house-flipping program, the company’s biggest bulk sale. https://on.wsj.com/3H8eO9v
    1:56 PM · Nov 10, 2021·Twitter for iPhone

    – Yup!

    – Let’s Go, Bradon!
    – Build Back Badder!

    1. “Pretium, which owns around 70,000 single-family homes, plans to hold on to the homes and operate them as rentals.”

      A business model that could only work in the Fed funny money fantasy world we now inhabit.

    1. That sounds like a lovely moment right out of a Vrbo commercial. (I hate the way that company thinks they can get people to use their name as a verb to replace “vacation” and are smug enough to think it will work)

      1. Watching the AirB&B commercials, I realized I am ineligible to book with them since we are not a biracial family.

        1. LOL. I just claim to be Native American like everyone else. My kids will be applying to college using it also

          1. I self-identify as a Yemeni lesbian, but in our family portraits we all look like WASPs. So misleading! – some have even claimed that I am claiming to be Yemeni to get out of paying reparations. This is hurtful, like seeing my people getting bombed by the Saudis.

    1. How did Seattle turn into a dangerous ghetto? A few decades back, when I lived there for a couple of months, I was struck by the absence of the urban blight I had grown accustomed to in the Rust Belt city where I grew up.

      1. Professor Bear – Seattle began it’s march to the bottom in earnest after the collapse of WAMU and the Occupy Wall Street movement. The city lurched hard to the left and each election cycle brought more woke politicians to the city council, mayor’s and governor’s mansions. I’ve watched the city I’ve worked and lived in for the last 30 years become overrun with addicts, dregs, and useless layabouts since then. Areas of the city are definite no go zones – Pioneer Square, sections of Post Alley, Pike Place, Westlake/Pacific Place, and Belltown are particularly bad – you have to be aware of your surroundings when in those parts of town. Around South Lake Union, the Amazon security mafia keeps things in check (I liken the Amazon security blue shirts to the Mormon mafia the LDS church uses to keep Temple Square in SLC free of homeless and overall dumb f*ckery – Salt Lake City is quickly turning into Seattle sh*thole 2.0). The blue shirt/jackets shoo the homeless and addicts away. The shine of new money in Seattle is definitely gone and has been replaced by urban blight and homelessness brought on by virtue signaling voters and the politicians they usher in.

        Oh, and the city is being overrun by rats! On my way to work I usually have to step around 2 to 3 dead or dying rats on the sidewalk. I was going to create a ‘Dead Rats of Seattle’ InstaGram page, but it would have been a post a day and I don’t have time for that nonsense. There’s a restaurant I used to really like in Pioneer Square that has a wrought iron fence that leads to their outdoor seating. Walked past there a couple of weeks back after a show at the Paramount theater, and the fence was covered in rats…they were hanging on it like ornaments. It looked like Pixar was filming a live action version of Ratatouille! All cities have rats, but Seattle is getting particularly bad….

  6. The Australian Financial Review. “House prices have fallen across 7 per cent of suburbs in Australia during the past three months, marking a sharp rise from the March peak. The slowdown was most prominent at the high end of the housing market where dwelling values were about $1 million or more, said Eliza Owen, CoreLogic Australia head of research.”

    – The high end leads the market, whether it’s AU or US.

    “Looking ahead, Ms Owen said more suburbs were likely to see a decline in median values as the markets moved past their peaks. ‘The housing market is well and truly past its peak for the current cycle, and it makes sense that as more headwinds accumulate, price increases will continue to slow, and more suburbs may see an adjustment in price,’ she said. ‘This comes back to borrowing constraints associated with the increased loan serviceability buffer from APRA, as well as banks proactively tightening lending conditions. [ This comes back to “trees don’t grow to the sky.” There, fixed it for you! ] ‘”

    – Asset bubbles always burst, even with massive support from governments and central banks. No one bothered to ask if $1M AU for an Aussie shack even makes sense.

    – This is a global RE phenomenon. There’s nothing normal about this business cycle. Enjoy the bust!

    – A global economy based on trading shacks to one another never made it to a viable business model, but rather enabled the massive wealth transfer and inequality that we’re seeing now. There be consequences when the FBs wake up on the side of the curb with only boxes and some spare change.

      1. Democrats everywhere will be clutching their pearls. Clinton & Obama did a fine job of installing corrupt, pliant stooges in the judiciary, most of them diversity hires who could be counted on to subvert the law as directed. These black-robed frauds are presiding over the Stalinist show trials of the J6 “insurrectionists” at the Rocket Docket in VA, where all jurors will be BLM supporters or hardcore Democrat-Bolshevik True Believers and the judges don’t even pretend to be impartial. But some vintage holdouts like the Kenosha judge still harken back to an era before the judiciary became a corrupt adjunct of the DNC.

    1. 5′ 3″ and 165 lbs? Why didn’t any of the fathers or uncles of the raped boys off this guy?

      Around 30 years ago some guy tried to rape my sister after knocking her boyfriend with a tire iron. She fought him off but took a bad beating. It took me, my brother and a cousin 3 weeks cruising bars in the area to find the guy. He was left near the marsh flats near JFK beaten so bad I honestly don’t know if he survived.

  7. – The Fed is the arsonist in the fire brigade. Tar and feathers is too good for them.

    https://twitter.com/NorthmanTrader/status/1458499452323385350
    Sven Henrich
    @NorthmanTrader
    Cause we’re totally trapped and it’s either burst the asset bubble with rate hikes or let inflation run even hotter which will burst the asset bubble while we’re at zero rates.
    Genius.

    Quote Tweet
    *Walter Bloomberg
    @DeItaone
    · 22h
    FED’S DALY: IF WE RAISE RATES NOW THAT COULD BE QUITE PREMATURE
    11:19 AM · Nov 10, 2021·Twitter Web App

    https://twitter.com/NorthmanTrader/status/1458495208966995970
    Sven Henrich
    @NorthmanTrader
    “Inflation is going to hurt poor people a lot more than rich people. How does this thing end? The asset bubble which he (Powell) is blowing up into unbelievable proportions, busts before the inflation ever really manifests itself” – Stan Druckenmiller
    11:02 AM · Nov 10, 2021·Twitter Web App

    – From bubble to bubble. End the Fed (aka The Bank of Evil).

    1. Trapped with no way out!

      “Cause we’re totally trapped and it’s either burst the asset bubble with rate hikes or let inflation run even hotter which will burst the asset bubble while we’re at zero rates.
      Genius.”

      1. Trapped my a$$. These fraudsters know exactly what they’re doing. The Great Reset requires a full-blown economic & financial crash. To make an omelette, ya gotta break some eggs, quoth Lenin, the ideological guiding light for both the Fed & the Democrats.

    2. I actually saw a panel today talking about how inflation is good for poor people, and hurts rich people. Yeah Elon Musk and Bozos are really hurting in their mansions- they can barely afford the truckload of lobster. The MSM has no shame whatsoever. “Oh inflation isn’t transitory? OK, time to tell everyone how good it is that Biden is creating hyperinflation.”

      1. Under the Biden regime, the definition of “extremist” is going to expand to include anyone who opposes globalism or official corruption and malfeasance.

  8. ‘Particularly problematic for Evergrande: all 23 outstanding bonds have a cross-default clause.’

    “This means that if a single one of these bonds defaults, all 23 outstanding bonds automatically have ‘default’ status” DMSA senior analyst Metzler knows. However, this does not automatically result in bankruptcy for Evergrande Group. To determine bankruptcy, an insolvency petition must be filed with the court. This can be done either by the company itself or by one or more of the company’s creditors.’

    ‘And this is precisely what is now planned. Metzler: “DMSA is preparing bankruptcy proceedings against Evergrande. We are already holding talks with other investors in this regard. We would be pleased if other investors were to join our action group.”

    ‘For the DMSA expert, it is clear: “As soon as a court opens insolvency proceedings, Evergrande will also be officially bankrupt – and that is only a matter of days.”

    https://www.disclose.tv/creditor-prepares-bankruptcy-petition-against-evergrande/

    1. Got financially engineered systemic risk!?

      “This means that if a single one of these bonds defaults, all 23 outstanding bonds automatically have ‘default’ status” DMSA senior analyst Metzler knows.”

        1. If enough shit hits the financial toilet at the same time, I suppose the globalist central banking community will have no choice but to bail out the bond owners.

          It’s for the children and the future welfare and survival of all humanity that they undertake such measures.

  9. Whistleblowers Torpedo Facebook and Pfizer: Who’s Next?

    https://www.oftwominds.com/blognov21/corporate-whistleblowers11-21.html

    If America’s total dependence on corporate profits and stock market/housing bubbles is just fine because the bubbles just keep inflating, there’s nothing left but rot.

    It’s becoming a routine story: a whistleblower emerges with copious documentation, revealing the ethical / managerial rot at the very top of Corporate America icons. Recently it was Facebook that was revealed as devoting far more resources to masking corporate guile than to actually improving longstanding ethical and quality issues.

    Now it’s Pfizer’s fast and loose treatment of supposedly rigorous protocols that’s been heavily documented. The prestigious British Medical Journal (BMJ) stated that the whistleblower provided “The BMJ with dozens of internal company documents, photos, audio recordings, and emails.” BMJ Investigation: Researcher blows the whistle on data integrity issues in Pfizer’s vaccine trial.

    The purpose of playing fast and loose is to maximize profits regardless of any other factors. And while corporations exist to maximize profits, the trend in Corporate America is to sacrifice everything to maximize profits and keep the putrid sewage hidden from regulators, the media and the public.

  10. You’re about 13 years too late, CCP.

    China targets financial sector in new anti-corruption drive

    https://www.aljazeera.com/economy/2021/11/11/china-targets-financial-sector-in-new-anti-graft-drive

    China’s ruling Community Party turned its sights on the country’s vast financial sector this month, kicking off a new round of a years-long campaign to uncover corruption and illegal dealings.

    The country’s top anti-corruption watchdog has started a roughly two-month inspection of more than 20 institutions including the central bank, the banking and insurance regulator, stock exchanges, commercial banks and asset management companies, in its first coordinated inspection of the sector since 2015.

  11. ‘When you’re talking about billions and billions of dollars, and buying 100, 200 houses every day, you’re going to make mistakes,’ said real estate technology industry analyst Mike DelPrete.

    It was only Yellen Bux.

  12. There’s a special place in hell for the globalist Quislings who coercively forced these vaccine mandates on us.

    Care home boss breaks down in tears after having to sack SIX members of staff over No10’s ‘no jab, no job’ policy – as she pleads with Boris Johnson to ‘give us a break’

    https://www.dailymail.co.uk/news/article-10190187/Care-home-chaos-commences-60-000-staff-sacked-overnight.html

    A care home manager broke down today after being forced to sack six staff members who refused to get vaccinated against Covid — as she pleaded with Boris Johnson to ‘give us a break’.

    Theresa Ingram-Gettins — who runs the Boldmere Court Care Home in Birmingham — said it was ‘very difficult’ to have to let staff go, knowing that she is sending some of them ‘into poverty’.

    1. They will do whatever it takes to get a needle in every arm.

      Today, a dumb azz relative got the 3rd jab. Why? He is terrified of the virus.

      1. Recently heard from two people (one after a year) who were pro-vax. Now both sound very subdued and chastened and say they have decided not to get boosters.

      2. “Today, a dumb azz relative got the 3rd jab.”

        My wife received the Moderna booster late Wednesday per employer mandate, and she’s been in and out of bed half of yesterday between cups of tea to wash down the Tylenol. A slender bird she becomes willowy when not feeling well.

    2. You have to take the jab or be forced into poverty if you can’t replace your loss of job.
      And now with the Biden Administration making waves about imposing the mandates on employers with under 100 employees , why don’t they just say anybody employed has to take the jab, cause that’s what they are leading to.
      They already made it difficult with all these children mandates of vaccines that keep increasing as the years rolled by to get enrollment in public schools unless you got some kind of a exemption. And the military had a lot of vaccines that were required.
      But these vaccines are just a lab rat expierment over a fabricated Pandemic, where they are covering up unacceptable numbers of deaths and injuries.
      The new definition of vaccine is you take a injection that can harm you even if your not under risk of the so called disease .
      It just defies any kind of rational public health policy ever.

  13. More can-kicking in China as Evergrande liquidates assets to cover overdue interest payments.

    Evergrande averts default as it pays overdue interest but faces deadline on another US$366 million before year-end

    https://www.scmp.com/business/banking-finance/article/3155642/no-respite-evergrande-it-faces-us366-million-interest

    China Evergrande Group is facing another US$366 million in interest payments on its onshore and offshore debt – some already overdue – by the end of this year, after narrowly staving off default once again with a series of last-minute coupon payments on Wednesday.

    It is just a small portion of the cascading amount of debt payments set to come due in the coming months for the world’s most indebted property developer.

  14. Here’s is a real estate ad that is disguised as breaking news …

    Homes sell at record pace, sellers get asking price | Fox Business

    https://www.foxbusiness.com/economy/homes-buyers-sellers-2021

    “U.S. homes typically sold within one week between July 2020 and June 2021, a survey by the National Association of Realtors found.”

    This is true but that was then and this is now and market conditions now are vastly different than they were then, but the article makes no mention of this.

    The target audience for this ad, er, article was the dumbest of the dumbed-down, the ones who believe that if they can read they can think but in reality these people leave the thinking process up to the whims of those people who wrote the article.

    A nation of dummies.

  15. It’s almost comical watching the lengths the globalists’ creepy Orwellian social media and video-sharing companies go to as they desperately try to maintain the Big Lie of “Most popular president ever with 81 million votes.” Meanwhile, in the real world, massed chants of “Let’s Go Brandon” fill stadiums and public venues every weekend, and there’s not a damned thing the globalists and their censors can do about it.

    YouTube Hides ‘Dislikes’ Following Mass Downvoting of Biden Administration Videos

    https://summit.news/2021/11/10/youtube-hides-dislikes-following-mass-downvoting-of-biden-administration-videos/

      1. I’ve noticed for years that YouTube is shadow-banning or rolling back “likes” on any content the globalists disapprove of. This music vid by a French cutie & her friends should’ve had millions of likes, but YouTube keeps it capped at between 800-900k or so. They’ve stealthily deleted tens of thousands of “likes” each month, despite posters calling them out on it.

        The good guys, the bad guys (French yellow-vest)

        https://www.youtube.com/watch?v=cBiHJxGxz1g

  16. Remember this douchebag?

    WeWork’s former CEO Adam Neumann gives first interview in two years, doesn’t apologise to dudded employees

    https://www.news.com.au/finance/money/wealth/weworks-former-ceo-adam-neumann-gives-first-interview-in-two-years-doesnt-apologise-to-dudded-employees/news-story/62a8a9ea275a4ea278e8b0902b6a0d4e

    His start-up company was once considered the next Uber. Two years on from its fall, thousands have lost their jobs – but Adam Neumann is richer.

  17. Ok, so they have a case going on in a Federal Court over a bunch of Military filing suit over the trickery of the FDA approving this Comirnaty vaccine that isn’t even available , and the other Plizer Vaccine still under Emergency use authorization.
    So, the Defense is trying to say that both vaccines with different names are the same. The Judge doesn’t seem to be buying the argument.
    Also they have evidence by lot numbers that the FDA approved Comirnaty was not given to the Plaintiffs, but it was the Plizer still under EUA .
    The liability for Plizer also changes when some vaccine goes from emergency use authorization to full approval by FDA.
    So, this trickery by Plizer and the Biden Administration that the two vaccines that have a different name in which Comirnaty isn’t even available , constitutes the same as the Plizer shot still under EUA , the Judge is so far questioning the logic.
    We all know that Biden Administration was being fraudulent in asserting full FDA approval on the vaccines .
    These are Fraudster criminals that have a agenda of Mandates to force vaccinations without it being legal.
    Deception after deception to defraud the Public into taking the jabs, and being under threat of job loss.
    These fraudsters have changed the definition of everything from grounds to call something a global Pandemic and lockdowns / masks , to forced expiermental vaccines when they censored cheap drugs that cured Covid.
    Nothing about the Covid Saga is anything but a medical fraud to bring on medical tyranny where Big Pharmacy and Climate Change Fraud is used as a weapon of take over and enslavement.
    Now they are going after 5-11 year olds as they ignore the unacceptable death and injury from these failure vaccines. No amount of evidence is going to make them stop this fraud and assault on the Public, while they censor dispute to this lab rat expierment on humans.
    Biden is a treasonous Puppet killer who was criminally put in White House to advance this take over by Private Party Monopolies, like Big Pharmacy and all the other Entities in on this take over dictorship. Fake Media with Censorship is the weapon of fraud and deception and false narratives 24/7.
    What have we come to when Government is in on harming you and taking your right to freedoms and even threatening your health and taking away your right to protect yourself from expiermental jabs over a unjustified Pandemic.
    Biden is also ignoring the STAY put on mandates issued by the 5th circuit Appeal Court , so these Gangsters aren’t going to let anything get in the way of their agenda of take the jab or suffer the punishment.

    1. Liberals already responding “what’s wrong with that?”

      Imagine all the pearl clutching had Trump said “Negro”

    2. The “Negro Baseball League” is a historically correct name, so I see no reason not to refer to it historically. But Biden fumbled reading the speech, saying the word twice and removing the historical context. I think Biden’s reading problem is the larger problem here. He sounds like a six-year-old phonetically sounding out Dick and Jane. It’s worse than it was even six months ago.

  18. Surgeon General Said This is What the Future Could Look Like
    “As we look to the future, I think what is likely to happen is that there will be coronavirus around for, for some period of time. But I do think we can knock it down in terms of its severity. And second, we can reduce the number of cases so we can get to the point where we live with it, just like any other respiratory virus, that’s where the vaccines have been so helpful

    Well, now they have admitted there will be endless boosters. We’ve come a long way from two weeks to flatten the curve.

    1. I will never “show my papers” for anything, ever, even if the threshold for sitting in the front of the bus stays at two shots of the poison. And I’ve adjusted my expectations that I will not be participating in any of the following activities:

      International travel
      Domestic air travel
      Live music
      Sporting events
      Resort skiing (I still have backcountry)
      Eating at corporate, virtue signal restaurants

      If you support medical apartheid, you don’t get my money. And working for a smaller company is great, nobody there gives a sh*t about all this CCP Flu fraud.

      1. Ditto. And I am sourcing provisions to make sure foods are USA grown by small independently owned farms. Amazing how many beans, etc are grown in China and other enemy territory. I cook almost everything from scratch, so I know what is in it and where it came from, my farms and farmers.

    2. We could of gotten rid of Covid, but that wouldn’t of gone along with the master plan of Medical Tyranny with booster shot after booster shot, where Pandemics and Climate Change fraud is used to take all freedoms and create fake crisis to enslave the previous Free World.
      This Monopoly take over of corrupted Governments by a bunch of fraudulent Psychopaths with a One World Order Plan for a Dictorship of enslavement of the populations of people , that the Majority never voted for is evident.
      Did you ever envision you could lose your job if you didn’t want to take a expiermental vaccine from Big Pharmacy , or if they keep going being hauled away to a prison camp or starved by being denied access to a grocery store. And children who have no risk of Covid they are going after to vaccine while they are trying to usurp parents rights to protect their children

      There is no end to the bizarre things this Innsurrection of the US has planned in their step by step take over plan that they call the Great Reset.
      Well, the Majority didn’t vote for the 4th industrial Revolution, and Great Reset Dictorship by a bunch of self serving Slave Master killers.
      They got to be stopped and not another day can go by with them advancing their adgenda.

      1. Well I never envisioned I would be legally required to purchase insurance from a private carrier or be penalized or jailed.

    3. No, there is not going to be endless boosters. The push back is gaining momentum and when people have nothing to lose, they lose it.

    1. The Fed is neither federal nor is it a reserve. It should never have control of our money supply. All interest paid to the federal reserve for us to borrow our own money is theft as the IRS is TBE enforcement agency that can levy and take without court order.the entire scam is unconstitutional

  19. Looks like the globalists and their MSM fake news purveyors are all doing their best to keep Comrade Kamala out of the limelight, since she’s even more unpopular than Brandon.

    PIERS MORGAN: Biden doesn’t stand a chance in 2024 and neither does the epically unpopular and useless Kamala so unless Joe finds a new VP to succeed him soon the Dems can kiss goodbye to the White House

    https://www.dailymail.co.uk/news/article-10188137/PIERS-MORGAN-Biden-doesnt-stand-chance-2024-neither-does-epically-unpopular-Kamala.html

    I regret to say that President Joe Biden and his Vice-President, Kamala Harris are fast becoming the political equivalent of Lloyd Christmas and Harry Dunne.

    Barely a day goes by when one of them isn’t doing something worthy of abject mockery – from Biden falling asleep at the COP26 climate change summit, to Harris appearing in a World Space Day video with hired child actors who she pretended were wide-eyed real kids enthralled by her exultation of space exploration.

    (The video was made by a firm named ‘Sinking Ship Entertainment’ – a metaphor for the Biden administration if ever there was one.)

  20. After Zillow’s Collapse, Is iBuying a Catastrophe in the Making?
    Zillow recently announced it would shut down its ‘iBuying’ unit. What is iBuying, anyway? And what does it mean for the housing market?
    By Lucas Ropek
    Today 1:20PM

    The real estate industry was thrust into the spotlight last week, when Zillow, the digital property listing company, announced that it would be shuttering “Zillow Offers,” its “iBuying” division. In a dire earnings report, the company announced that it stood to lose hundreds of millions of dollars as a result of the division’s collapse and would be forced to lay off a quarter of its total workforce (A majority of the layoffs will be related to Offers, according to the company). It was an unceremonious end to what had been a large force in the housing industry. Prior to its downfall, Zillow was the 2nd largest “iBuyer” on the market and had been on a voracious house-buying binge for months.

    Unsurprisingly, the average person with marginal knowledge of the real estate industry was likely left wondering what iBuying actually is and why it would be worth hundreds of millions of dollars in the first place.

    What is iBuying?

    The basic idea behind iBuying is pretty simple: Companies deploy algorithms and other automated technology to swiftly assess and procure houses and then flip them for a profit. The benefit for house sellers is, according to iBuyer PR, a simplified, expedited selling process. The benefit for the iBuyer, meanwhile, is hopefully a shitload of money.

    You can hope in one hand and Zillow in the other, and see which one fills up the fastest.

    1. “The basic idea behind iBuying is pretty simple: Companies deploy algorithms and other automated technology to swiftly assess and procure houses and then flip them for a profit.”

      In clown world, it takes a Marxist to say something as sensible as “housing is for living, not for speculation.”

  21. Big surprise (not), it’s China …

    From CNN: Hong Kong’s ‘Captain America’ jailed under security law

    https://www.cnn.com/2021/11/11/asia/hong-kong-captain-america-jailed-intl-hnk/index.html

    (snip snip)

    “A Hong Kong activist dubbed ‘Captain America 2.0’ for wielding the superhero’s shield at pro-democracy protests was jailed for nearly six years on Thursday under a national security law, after a court ruled he promoted independence from China.”

    “Beijing imposed the national security law on Hong Kong in June last year, effectively ending the biggest and longest pro-democracy protests the semi-autonomous former British colony has faced since returning to Chinese rule in 1997.

    “The law punishes anything China sees as subversion, secession, terrorism and collusion with foreign forces with up to life in prison and has been widely criticized as a tool to purge political opponents and crush individual freedoms.”

    Okay, class, after fully digesting what is stated above pay real close attention while reading the following paragraph …

    “Beijing maintains rule of law, and all rights and freedoms remain intact and says the legislation was needed to plug loopholes in national security and end the often-violent unrest, which it says was fomented by foreign forces.”

  22. REVEALED: White House conspired with National School Boards Association before it sent infamous letter likening parents to domestic terrorists

    by Daily Mail
    November 12th 2021, 4:32 am

    The National School Boards Association liaised with the White House and Justice Department before writing to Joe Biden, it emerged on Thursday, with their infamous letter complaining that threats made by parents against board members should be taken as seriously as domestic terrorism.

    The NSBA, in an internal memo sent on October 12, revealed that they had held discussions with White House officials before sending the letter. The association represents more than 90,000 school board members in 14,000 public school districts.

    https://www.infowars.com/posts/revealed-white-house-conspired-with-national-school-boards-association-before-it-sent-infamous-letter-likening-parents-to-domestic-terrorists/

  23. ‘The FBI is tipping off the NYT about its raids’:

    Attorney for Project Veritas founder accuses DOJ of leaking info to the NYT

    Says the Times knew of raid on her client’s home moments after it occurred

    By KEITH GRIFFITH FOR DAILYMAIL.COM
    PUBLISHED: 02:09 EST, 12 November 2021

    An attorney for the founder of Project Veritas has accused the Department of Justice of tipping off the New York Times about recent raids on current and former employees, while suggesting federal prosecutors may have also leaked the group’s legal communications.

    On Thursday, the New York Times published a report based on memos from the group’s lawyer, revealing his legal advice on the group’s use of false identities and undercover filming, tactics that are eschewed by most modern journalists.

    O’Keefe’s attorney Harmeet Dhillon in an interview on Thursday night slammed the report as a ‘hit piece’ and questioned whether the DOJ had leaked the legal memos to the Times, an extraordinary and possibly illegal step.

    ‘I can’t say how the New York Times got this information, but they got it in a way that is illegal and unethical,’ Dhillon told Fox News.

    https://www.dailymail.co.uk/news/article-10193997/Lawyer-representing-Project-Veritas-boss-James-OKeefe-suggests-feds-leaked-legal-memos.html

  24. I uncovered a video of the French class Kamala Harris took in college.

    https://youtu.be/Rrhg6Qoia60

    Kamala Harris mocked for appearing to use French accent during Paris visit

    By Yaron Steinbuch
    November 11, 2021

    At that point, she seemed to switch to a French accent while using the phase.

    “In government, we campaign with ‘The Plan,’” she said. “Uppercase T, uppercase P, ‘The Plan’! And then the environment is such we’re expected to defend ‘The Plan’ even when the first time we roll it out there may be some glitches and it’s time to re-evaluate and then do it again.”

    Her linguistic lilt didn’t go unnoticed in social media.

    “Is she using a FRENCH ACCENT?! I love this episode of Veep,” Abigail Marone, press secretary for Sen. Josh Hawley (R-Mo.), said on Twitter.

    “There really are no words anymore… #AuRevoir,” political columnist Joe Concha captioned a post from political action committee America Rising that included a clip of Harris addressing French scientists.

    “I thought we canceled pepe lepew,” Washington Examiner commentator Becket Adams quipped, referring to the French striped skunk animated character Pepé Le Pew.

    https://nypost.com/2021/11/11/kamala-harris-mocked-for-appearing-to-use-french-accent-in-paris/

    1. Kamala Harris mocked for appearing to use French accent during Paris visit

      I can only imagine what the foreign press must be saying: “Did the Americans really elect these two?”

      And I suspect there must be fear and trepidation amongst our long term allies. wondering what insanity the Brandon regime will foist upon the world.

      I’ll bet they’re all wishing you know who was still in the White House. Remember, the British Parliament gave Brandon a no confidence vote.

Comments are closed.

Back To Top