You Are Starting To See Some Sellers Get Pinched
A report from WPTV in Florida. “The large selling off of homes owned by Zillow is also happening on the Treasure Coast. As many as 20 homes in St. Lucie County are listed on the Zillow website. Earlier this week, 30 Zillow-owned homes were up for sale, some at prices less than what the company paid to buy the homes. ‘I think this signals they have a lot of information about the peak of the housing market,’ said real estate expert Ken H. Johnson. ‘You do not want to be buying when housing prices are about to flatten out or go down.'”
The Center Square Illinois. “Zillow’s online house-flipping unit has turned into an embarrassing flop, forcing the real estate company to flee the business, cut its workforce, and dump thousands of its properties onto the market. ‘Zestimates are inaccurate because they don’t know our local market,’ said Kindi Bliss, a real estate agent in Bloomington-Normal. ‘Now the public thinks they are accurate, but the realtors know and laugh all the time at Zestimates.'”
The Post and Courier in South Carolina. “While still robust, the housing market in the Midlands has cooled a bit from the feverish heights of earlier in the year, according to the S.C. Realtors Association. Homes that have been on the market for a while are having to trim back on prices that have been too ambitious, said Jill Moylan, owner of Home Advantage Realty. ‘The sky is not really the limit,’ Moylan said.
“Brad Allen, CEO of The Art of Real Estate, has seen some properties have to come down from being overpriced. ‘You are starting to see some sellers get pinched,’ Allen said. The feverish bidding for homes has cooled a bit too, he said. A home that would quickly attract 10 offers when it hit the market might get just two now, Allen said.”
The Portsmouth Herald in New Hampshire. “A lack of inventory, coupled with some buyer fatigue, contributed to fewer sales of single-family homes and residential condominiums in Rockingham County in October. The price of a house also dipped compared to recent months, but the $500,050 median price still put a home in the county above the half-million-dollar mark for the sixth month in a row. The median price of a condo, according to the NHAR data, was $369,500 for the month, well below the high-water mark of $405,000 recorded in July.”
“According to John Rice, a broker in Rye, sellers need to price their property correctly and not over-price it. ‘As always, it boils down to price,’ he said. ‘Where property is priced to the market, there is going to be strong interest, and there are still going to be multiple offers and a short marketing time. Where a property is clearly overpriced, buyers are probably more sensitive to this and property sits.'”
Hawaii Public Radio. “The median sales price for a single-family home on Maui cooled to $933,000 in October — down from $997,000 the month before. It has not been this low since February, when the median sales price was $895,000. The median sales price for a condo in Maui County was $673,000 in October, down from nearly $730,000 in September.”
The Sydney Morning Herald in Australia. “The Property Council is warning Melbourne will remain a ghost town as construction of office towers continues apace while workers are reluctant to return to the CBD. Melbourne is at 4 per cent of its pre-COVID office occupancy levels and City of Melbourne data shows foot traffic has been down 80 per cent during the pandemic. One in five stores in the CBD was vacant last month.”
“However, many office buildings are under construction, with the city set to deliver more than 222,000 square metres of office space in the second half of this year – half of all new office space in Australia. Victorian Property Council executive director Danni Hunter said Melbourne’s CBD had been a ghost town for the better part of two years and office occupancy had returned to 45 per cent only between lockdowns, which was not enough to support businesses in the CBD.”
“‘From a purely economic sense, one office worker supports five other CBD jobs from all of your associated services, baristas, hospitality workers. All of those guys are really reliant on the presence of office workers,’ she said. ‘Without the presence of office workers … the structural and economic impact on the CBD will be quite profound.'”
From CNBC TV 18. “It seems like the problems of China’s real estate market are just beginning—from rising debt levels of real estate developers to declining home sales. Since Evergrande’s default, at least four developers have defaulted on payments.The market has enjoyed a relentless journey to the moon over the few years, with prices rising higher and investors chasing deals regardless.”
“In March, 288 apartments in new Shenzen sold online in eight minutes. Similarly, buyers in Suzhou purchased 400 units just like that. The result? An asset bubble. Economists worried this bubble far eclipsed the one we saw in the United States housing sector back in the 2000s. To put this in perspective, at the peak of the US housing boom, investors put in $900 billion in a year. In a year ending in June in China, investors had invested some $1.4 trillion.”
“It would be wrong to say the market did not take a breather after the coronavirus outbreak. But it was just a breather. Urban housing prices in China were 5 percent higher in June 2020 year-on-year. But all this seems to be falling apart now. China’s international junk-bond market has borne the most brunt of this fallout. In the last six months, a sell-off in this market has wiped off a third of investors’ wealth.”
The Globe and Mail in Canada. “The path to Crystal City is a muddy all-terrain-vehicle trail that leads away from the ocean and deep into the woods. But Neil Partington, who keeps the key to unlock the chain at the entrance, doesn’t understand why anyone would want to go up there. In his view, this 2,850-acre plot isn’t good for much; it’s difficult to access, soggy and remote. When Chinese developer DongDu International (DDI) began buying this land on Nova Scotia’s eastern shore in 2014, announcing a grand vision for a resort called Crystal City, he and many other locals wondered why.”
“‘It’s just a huge chunk of useless bogland. Who would want to put a resort on that?’ said Mr. Partington, whose vegetable farm backs onto the property, which can only be accessed through his family’s land. ‘They didn’t even bother to build a road to get in there.'”
“Eight years ago, DDI had big plans to build luxury getaways for Chinese investors in this hard-to-reach corner of rural Nova Scotia. Central to the plans was a proposed vacation resort near the community of Indian Harbour Lake, with 1,000 villas, tennis courts, horse stables, swimming pools and replicas of the Eiffel Tower and Leaning Tower of Pisa.”
“The company promised billions of dollars in spending, and bought nine properties in Nova Scotia – including more than 3,300 acres in Guysborough County alone – totalling 6,500 acres across the province. DDI’s ideas were as ambitious as they were unusual, including docking two cruise ships in Halifax that would function as floating film studios. Almost none of it happened. Today, most of DDI’s land, including the site for Crystal City, is still undeveloped woodlots.”
“The DDI saga in Nova Scotia, with the grand promises the company made and then failed to fulfill, was an early warning sign for the problems now facing other large Chinese real estate companies and their holdings around the world. In 2016, Chinese buyers spent a record $3.9-billion on Canadian commercial property, according CRBE. By last year, that amount had plummeted to $181.5-million, a 95-per-cent drop.”
“Several major companies are struggling with large debt loads. They include Greenland Holding Group and China Aoyuan Group Ltd., which are both constructing condo skyscrapers in Toronto. Both have suffered multiple credit downgrades and today their debt is considered speculative, which will make it harder for them to raise funds.”
“‘For the folks who live here, it was so far-fetched, it seemed ridiculous,’ said Len Archibald, treasurer for the Port Hilford United Baptist Church, a whitewashed church near the proposed development. ‘It almost seemed too good to be true, and a little scary, to be honest.'”
“Jill Grant, a professor of planning at Dalhousie University, says the company’s plans for Crystal City were so out of touch with the realities of rural Nova Scotia they seemed doomed to fail. ‘The bigger question is how can politicians be so naive?’ Prof. Grant asked ‘I’ve never thought this was much more than a pipe dream. The scope of their project, and the location, never made much sense.'”
“Mr. Partington, the vegetable farmer in Guysborough County, said no one has asked for the key to access the DDI property behind his farm in more than four years. When he thinks about the Chinese company’s failed plans for his rural community, he just shrugs. ‘We’ve been promised a lot of things that never came. We’re still waiting on high-speed internet,’ he said.”
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‘the realtors know and laugh all the time at Zestimates’
Ta boom!
How low can you go, Zillow? Your investors must snookered.
I have a sneaking suspicion that some Zillow investors and/or board members have a financial interest in Pretium Partners which bought 2000 homes in bulk from Zillow. I have no evidence of this but tentacles of the scam economy have a grip on pretty much everything at this point.
An increase in interest rates should have an interesting impact on this business….selling bonds to buy SFHs to rent out….because it will eat away the value of their bonds and the assets that back them at the same time.
‘The sky is not really the limit’
Wa? Golly, I hope no one overpaid thinking it was!
‘Maui cooled to $933,000 in October — down from $997,000 the month before. It has not been this low since February, when the median sales price was $895,000. The median sales price for a condo in Maui County was $673,000 in October, down from nearly $730,000 in September’
Good thing everybody put 20% down.
‘It’s just a huge chunk of useless bogland. Who would want to put a resort on that?…They didn’t even bother to build a road to get in there’
I know this post is too long but I was having a lot of fun with this one. Dee bubble popped years ago, right New York City?
February 8, 2017
“New York City is still the No. 1 destination for foreign capital in the world, according to this year’s AFIRE rankings, but it is no longer an environment in which foreign money — particularly from China — will buy anything in the market at any price. This year, China has clamped down on outbound foreign investment, and firms caught flouting the new laws will be punished harshly, China First Capital CEO Peter Fuhrman said. While most New Yorkers in commercial real estate are aware of the capital slowdown, Fuhrman said they are probably not taking it seriously enough.”
“‘I have the perception that the full weight and severity of these capital controls hadn’t been fully felt here,’ Fuhrman said. ‘It’d be fair to say that the Chinese central government dropped a financial bomb on its businesses.’”
“One of the Chinese government’s chief concerns when instituting the investment restrictions, Fuhrman said, is over outbound investors getting fleeced while paying record-breaking prices. ‘A concern of Chinese regulators is their investors have been really bad buyers,’ Fuhrman said. ‘This can sadly be seen more and more in the larger real estate deals they have done. What they are extremely concerned about is just about every acquisition the Chinese have made, is they have overpaid severely and foolishly, and that has spurred a loss of a lot of Chinese sovereign wealth.’”
http://thehousingbubbleblog.com/?p=9989
Let’s go back to the day, oh the Chinese are snapping everything up! What was the purpose? To justify, after the fact, absurd price increases.
‘In 2016, Chinese buyers spent a record $3.9-billion on Canadian commercial property, according CRBE. By last year, that amount had plummeted to $181.5-million, a 95-per-cent drop’
So will REIC now say, gosh, that Chinese money died in the arse, prices are fooked?
Zillow & Chinese investors = greatest fools
Chinese investors were trying to get as much money out of China as possible. What would you have done?
Given the outcome, burning it in the fireplace would have provided more utility. In this time frame, one could just carry a suitcase of cash into Vancouver’s airport, with almost no penalty if caught. Or run it through K-da casinos, like the Chinese drug mafia does.
Getting the money out of China was partly a REIC talking point. These guys thought they were masters of the universe.
I would have bought up entire poor small towns in the Appalachian foothills and Rust Belt Midwest as a “safe house” to retreat to. China’s got a stong gov, but not strong enough to confiscate property in, say, Cincinnati.
Plenty of rain, soil is still good, empty but well-maintained roads everywhere, city water and flush toilets. Great place to work, farm, have citizen babies.
I’m rather grateful that Chinese in general were greedy enough to focus on high-risk, landless airboxes instead of taking the land itself.
oxide, even though you tried to end that post on a positive note, I found it quite depressing, because they’ll get it right eventually. And if not the Chinese, then some other non-Americans.
“I found it quite depressing, because they’ll get it right eventually. And if not the Chinese, then some other non-Americans.”
Pull yourself up out of the sewer and cheer up my good friend…. cheer up.
Dallas, TX Housing Prices Crater 16% YOY On Surging Subprime Mortgage Defaults And Plunging Demand
https://www.movoto.com/tx/75220/market-trends/
Don’t cry
Don’t raise your eye
It’s only Useless Bogland
https://youtu.be/ru732pStGcU?t=132
I’m sure once the 1,000 villas, tennis courts, horse stables, swimming pools and replicas of the Eiffel Tower and Leaning Tower of Pisa are in, it will liven right up!
“The bigger question is how can politicians be so naive?”
Bahahahaha … yeah, well to answer your question you might try following the money. That usually works.
‘A concern of Chinese regulators is their investors have been really bad buyers,’ Fuhrman said.
I thought Asians were supposed to be good at math.
Cortez, FL Housing Prices Crater 18% YOY As Floridas Fraud Riddled Housing Market Staggers
https://www.movoto.com/cortez-fl/market-trends/
As one ripped off borrower advised, “If you see a Realtor in your neighborhood, lock the door and call the authorities immediately.”
‘Melbourne is at 4 per cent of its pre-COVID office occupancy levels and City of Melbourne data shows foot traffic has been down 80 per cent’
How could this not be a recession – or worse? Check this out:
‘In 2019, Ted Furst made a big bet on downtown Boston. Not only did he buy the popular Sip Café at Post Office Square but invested in it, adding beer and wine and an outdoor patio. Despite widespread vaccinations and people yearning for normalcy, Furst said his business remains down by about 80 percent compared to before COVID.’
‘Government has been focused on giving small businesses loans and grants to keep them afloat, but to Furst and others whose livelihoods depend on foot traffic, what Boston needs now is a mayor who’ll use her bully pulpit to send a simple message about the commercial heart of the city.’
‘Downtown Boston also needs soon-to-be Mayor Michelle Wu’s attention as the once-in-a-century pandemic continues to upend its raison d’être. Sure, the city has survived for centuries, but that has included sharp, painful declines. Memories can be short: Downtown Boston languished during the 1970s and 1980s, certainly when compared to the booming prosperity of more recent times.’
‘Amid the shuttered Starbucks and empty office buildings, she sees an opportunity to reimagine downtown and help fulfill her agenda to create a more equitable city, one with more child-care centers, businesses owned by Black and brown entrepreneurs, housing, and arts and culture.’
“When we think about downtown and the vacancies that are there, that shouldn’t just be a red flag that we need to quickly be getting businesses back into offices,” she said. “This is a chance to really reset and step into the opportunity to connect all of Boston into the new economy that we’re building.”
https://www.msn.com/en-us/news/us/downtown-boston-depends-on-office-workers-coming-back-michelle-wu-can-and-must-play-a-pivotal-role-in-that/ar-AAQFhNt
You guys are fooked.
“Homes that have been on the market for a while are having to trim back on prices that have been too ambitious, said Jill Moylan, owner of Home Advantage Realty. ‘The sky is not really the limit,’ Moylan said.”
But what did you tell your targets over the last 15 years when there were no witnesses?
You’ve got rocks in your head woman…… you’ve got rocks in your head.
Charlotte, NC Housing Prices Crater 16% As Mushroom Cloud Of Fear, Doubt And Falling Prices Balloons Over Housing Market
https://www.movoto.com/nc/28216/market-trends/
Washington Post — Biden approval hits new low as economic discontent rises, Post-ABC poll finds (11/14/2021):
“The Post-ABC poll also showcases Americans’ current pessimism: Despite a mix of economic signals — falling unemployment and rising prices — 70 percent rate the economy negatively, including 38 percent who say it is in “poor” condition. About half of Americans overall and political independents blame Biden for fast-rising inflation, and more than 6 in 10 Americans say he has not accomplished much after 10 months in office, including 71 percent of independents.”
https://archive.md/PPVUv
“This sucker could go down” — George W. Bush
If this dire polling data is coming from globalist media outlets known to fabricate & embellish polling data that reflects unfavorably on their beloved Democrats, imagine what the real numbers must look like.
I tracked down this foreclosure:
Price Unknown
5 bd 6 ba 5,000 sqft
6655 Turkey Hills Dr, Flagstaff, AZ 86004
https://www.zillow.com/homedetails/6655-Turkey-Hills-Dr-Flagstaff-AZ-86004/7374944_zpid/
It’s already on auction.com:
https://www.auction.com/details/6655-turkey-hills-flagstaff-az-86004-2935883-e_19907/
Oh boy, it’s also on hud.com:
https://www.hud.com/address/Turkey-Hills-Dr-Flagstaff-AZ-86004/56890663_lid
Foreclosure.com says over $1M. So why is hud involved with a million peso shack, those are subprime? And it’s in Doney Park! A million$ shack, in Doney Park. And they wonder why it’s in default. Doney Park is east of Flagstaff. I worked on countless shacks out there last decade. Groceries far away, jobs far away. Snow falls for days. Is there any fresh hell we won’t revisit?
Donkey Park can’t be arsed to pave its roads? What are these people doing building a 5000 sq ft manse in a place barely worthy of a tiny house? Waiting out the apocalypse in style? I wonder if the place is water haul. At least, unlike Golden Valley, Donkey Park has some a haze of greenery on the ground.
Doney Park probably doesn’t have the money to pave. It’s spread out and the snowplows tear roads up. It’s relatively flat and everybody has 4WD or equivalent. Yes there’s some trees at this shack, but most of Doney Park is bare. Did I mention the wind? Flagstaff is very windy but out there it’s worse.
‘I think this signals they have a lot of information about the peak of the housing market…You do not want to be buying when housing prices are about to flatten out or go down’
What’s funny about this is zillow was at peak purchasing in October!
It’s almost as though Zillow set the comps for a bubble top!
I would have liked to be a fly on the wall when it dawned on them.
Magic 8 ball says to the moon Alice!
Uh, that’s us making that happen.
A joke I heard during the last bubble went something like this:
Sucker: Buy CRAP at $50.
Broker: Okay, it’s up to $60 now.
Sucker: Buy some more.
Broker: Up to $90 now.
Sucker: OMG, buy more!
Broker: Up to $200.
Sucker: Buy more, more, more!
Broker: It’s at $1000!
Sucker: Okay, now SELL!
Broker: To who?
‘WOW! During a review board, officials in Seattle admit that if someone were to write a candidates name on a napkin their vote would be counted.’
https://twitter.com/KatieDaviscourt/status/1459615869131055104
2:20.
CDC: No Record of Naturally Immune Transmitting COVID-19
https://www.theepochtimes.com/mkt_breakingnews/cdc-no-record-of-naturally-immune-transmitting-covid-19_4102046.html
“You would assume that if the CDC was going to crush the civil and individual rights of those with natural immunity by having them expelled from school, fired from their jobs, separated from the military, and worse, the CDC would have proof of at least one instance of an unvaccinated, naturally immune individual transmitting the COVID-19 virus to another individual. If you thought this, you would be wrong,” Aaron Siri, a lawyer who sought the records on behalf of the network, said in a blog post.’
‘The CDC’s disclosure drew responses from several medical experts, including Johns Hopkins Dr. Marty Makary, who said it underlined how little data the agency has released concerning the recovered. Makary called on the CDC to make public data on any re-infections that have resulted in hospitalization or death, with information on the patient’s comorbidities or lack thereof.’
“CDC should be transparent with data on natural immunity. Instead we get glimpses from FOIA requests like this one,” he wrote.’
“CDC: No Record of Naturally Immune Transmitting COVID-19”
I personally know one double jabbed Covid spreader.
Biden says unvaccinated Americans are ‘costing all of us’ as he presses Covid vaccine mandates
PUBLISHED FRI, SEP 24 2021
Robert Towey
“The vast majority of Americans are doing the right thing,” Biden said in addressing the nation, noting that three-fourths of those eligible have gotten at least one shot. He criticized the more than 70 million people who haven’t yet started the vaccination process. “And to make matters worse, there are elected officials actively working to undermine with false information the fight against Covid-19. This is totally unacceptable.”
https://www.cnbc.com/2021/09/24/biden-says-unvaccinated-americans-are-costing-all-of-us-as-he-presses-covid-vaccine-mandates.html
A quote from No New Normal:
“I’m putting my faith in tomorrow’s adjusted facts today, and so should you!”
Biden says unvaccinated Americans are ‘costing all of us’ as he presses Covid vaccine mandates
Whoa, whoa, whoa! All of us? From what the propaganda news outlets (better known as the MSM) keep saying, it’s the unvaxxed who are getting sick and ending up in the hospital, not the vaxxed.
So, is it all of us, or not?
So how do you explain Israel, with high vaccine compliance, having up tick in Covid by the vaccinated and a whole host of other maladies called vaccine injury.
How do you explain regions in India were they have defeated Covid cases by drugs like ivermectin, with low vaccine rates.
Big Pharmaceutical blaming the unvaccinated for their failure new technology expierment jabs.
And to think we might of been rid of Covid by now had it not been for Big Pharmacy.
Big Pharmaceutical blaming the unvaccinated for their failure
Was there any other time that the failure of a product was blamed on those who do not use it?
And as I mentioned yesterday when I posted this, my Dr’s office wasn’t interested in treating me when I was sick, but they did tell me to get vaxxed once I recovered.
According to protocol, you go untreated until your at deaths door , than your admitted to a hospital , that will only give Fauci recommended killer drugs. Than your put on a respirator , with a 90 % death rate. And no way will these hospitals give drugs that work except for a minority of them.
I live next door to a nice Asian couple that I like. My heart sank when I found out they had taken the jabs a while back.
I ran into them yesterday and they were talking about taking the booster shot. At this point I couldn’t keep my mouth shut about trying to talk them out of boosters. They both got sick for a while after the original two jabs, but they might go back for more.
I read that Asians are very compliant when it comes to vaccines. I don’t know if I convinced them or not , or if I had the right to interfere , but they kept nodding their heads, and even said they really weren’t thrilled about boosters. I think she said her job was requiring it. I told her about the 5th circuit Appeal Court putting mandates on STAY, etc.
So, don’t know what they are going to do, but I hope I planted some seeds of thought without being offensive. .
5th circuit Appeal Court putting mandates on STAY
This probably does not stop the minion CEOs from obeying the hive mind.
Happy forgiveness day As you may have seen by now, the Department of Education has granted forgiveness to approximately 25K borrowers last night/today.
https://www.reddit.com/r/PSLF/comments/qq1o1r/happy_forgiveness_day_for_some_of_you_please/
They didn’t “forgive” anyone. They transferred their debts to taxpayers. Big difference – this is about ensuring their bankster donors don’t get stiffed on those loans to special snowflakes who got worthless degrees at mediocre colleges.
Well said!
What a bunch of BS. A comment:
Commenting on my husband’s behalf, but he had $93,000 forgiven this morning and it looks like he’s overpaid by 23 payments. FedLoan briefly showed a negative balance of over $13,000 and I’m hoping that’s the true refund due.
Refunds even. I give up.
Centreville, VA Housing Prices Crater 28% YOY As One Fairfax County Broker Conceded, “There Is Fraud In Every Transaction”
https://www.movoto.com/centreville-va/market-trends/
As one DC area broker conceded, “If you’re a buyer, the broker is lying to you. I know a liar when I hear one. I’ve been lying my entire life.”
A closely watched crater never erupts.
The Financial Times
Chinese business & finance
Bond ructions intensify risk of ‘downward spiral’ for Chinese property groups
Borrowing costs in international junk bond market soar to a decade high after missed payments
Kaisa, one of the biggest borrowers in the sector, could this week join the growing list of Chinese property developers that have missed interest payments
© David Kirton/Reuters
Thomas Hale and Hudson Lockett in Hong Kong
November 11 2021
A bout of selling this week in junk bonds issued by riskier Chinese property developers has sent their borrowing costs soaring to the highest level in a decade and imperilled companies’ ability to access an important funding source.
The wobble in the market for dollar-denominated debt of Chinese companies that carry a speculative-grade credit rating comes as concerns mount over a string of missed bond payments by large real estate developers such as Evergrande, Sinic and Fantasia.
The sector, which is grappling with a slowdown in the Chinese property market and pressure from Beijing to reduce its debts, is now facing exorbitant borrowing costs at a time when companies desperately need cash to avoid defaulting on their debts.
“The downward spiral for Chinese developers is the result of a massive liquidity squeeze,” said Paul Lukaszewski, head of corporate debt for Asia-Pacific at Abrdn. “Few companies can survive for long in environments where they cannot access their internal cash or external financing.”
Kaisa, one of the biggest borrowers in the sector, could this week add to a growing list of businesses that have missed interest payments ahead of two imminent deadlines it faces on its offshore bonds. Earlier this week, it pleaded with investors for “more time” after missed payments on wealth management products in mainland China.
Its trajectory echoes that of Evergrande, the world’s most indebted property developer, which initially alerted global markets to the issues across China’s real estate industry when it missed offshore bond payments in September, weeks after problems also arose on wealth management products it guaranteed. Holders of some bonds in Evergrande said they had received payments before a 30-day grace period expired on Wednesday.
Since September, international bond markets have been essentially closed to property developers. The average yield on an Ice Data Services index of Chinese high-yield dollar bonds, which is dominated by property companies, jumped close to 29 per cent this week from 14 per cent at the start of September. The rise brings the key barometer of borrowing costs to the highest level since the 2008-09 global financial crisis.
Investors compared the property bond drama this week to scenes during that period and the Asian financial crisis of 1997-98, though they pointed out that the sector-specific issues had yet to spill over to other capital markets or sectors in the region. China on Wednesday was able to issue a euro-denominated sovereign bond in several tranches, of which a three-year portion was priced at a negative yield. Average yields on Chinese investment-grade debt are just 3 per cent, according to Ice Data Services.
…
Judge lets NAR, Zillow lawsuit proceed
Case claims that the powerful trade group and listings website collude to harm non-NAR members
September 3, 2021, 2:33 pm
By Matthew Blake
A lawsuit that alleges the powerful National Association of Realtors and home listings giant Zillow illegally conspire to snuff out competition has survived NAR and Zillow’s motion to dismiss the case.
Federal judge Thomas Zilly issued a written order Thursday that found the complaint by real estate brokerage REX plausibly claims, “brokerages, agents, and even customers have no choice but to comply with NAR’s so-called optional rules.”
…
Great song, not a horrible cover but the only reason I posted this is so anyone who might be interested can check out the very first comment by Jeff Thames. 🙂
https://youtu.be/xH-_9cwdLug
Thank God the globalists and their Democrat minions haven’t quite managed to remove the last of the Republican-appointed judges who still adhere to rule of law, to the outrage of the globalists and the detriment of their malign agendas.
Federal appeals court halts Biden administration’s vaccine requirement, delivering policy a major blow
https://www.msn.com/en-us/news/politics/federal-appeals-court-halts-biden-administrations-vaccine-requirement-delivering-policy-a-major-blow/ar-AAQE2Dh
A federal appeals court in New Orleans has halted the Biden administration’s vaccine or testing requirement for private businesses, delivering another political setback to one of the White House’s signature public health policies.
A three-judge panel of the U.S. Court of Appeals for the 5th Circuit, helmed by one judge who was appointed by President Ronald Reagan and two others who were appointed by President Donald Trump, issued the ruling Friday, after temporarily halting the mandate last weekend in response to lawsuits filed by Republican-aligned businesses and legal groups.
And these Mandates by Biden are just Executive Orders from what I understand , along with whoever Biden excludes from the Mandates.
When did the Executive Branch become a pimp for the vaccine business, advertising they are safe and effective.
Has there ever been a jab in every arm mandate by a President, when its a new technology expierment under emergency use authorization, that hasn’t been time tested? Has evidence of injury and death from vaccines every been so covered up and gaslighted about.
When did the Executive Branch have the power to take your job and your right to commerce, and force a lab rat expierment, that so far looks like a big failure in terms of safe and effective.
Forced masks and lockdowns that don’t stop transmission , according to countless studies, and slander and suppression of effective meds that treat Covid, and censorship of any dispute to this madness.
Redefining what constitutes a Pandemic , by bogus testing, bribes to lable everything a Covid death by Big Pharmacy capture of the medical system. Treatment in hospitals that would assure more death. Censorship of Drs actually early on saving lives by cheap effective meds.
When does it become a crime when Monopoly Media obstruct the first amendment to defraud the Public into not really having informed consent on just what they are taking, which isn’t even a vaccine.
World gone mad, with Big Pharmacy take over . Booster after booster shot, and you can still transmit the disease, or get it, and that’s a vaccine?
CEO of Plizer calling anybody that says anything negative about his product a criminal.
The guy that funded the bio weapon creation of the Covid is the Spokesman for the Pandemic , isn’t arrested but hailed as the face of Science, who his dictates have probably killed millions by now.
What check and balance system is going to stop this, or is it only one recourse of Citizen civil disobedience to the Government.
I do not acknowledge a White House that wants to deprive people of their jobs, ability to engage in Commerce, and who considers me a terrorist, just because I’m white , and wants to punish and deprive me , just because I don’t want to take this jab, and all the boosters to follow. That’s my right to weight risk of a lab rat expierment . That ass , that is the result of a rigged election in the White House, who is pooping all over everything, and doesn’t know where he is half the time, is not my President. Big Pharmacy criminals , Bill Gates , Dr Fauci, Soros, Klaus Schwab and all the Monopolies that are in on this can go to hell, a bunch of psychopaths , that deserve the death penalty.
You have to hand it to the depopulationists, their pland and execution so far has been brilliant.
Most people are BEGGING for the poison.
“Most people are BEGGING for the poison.”
I dunno. The employers might see this as an opportunity to exercise the progressive’s plan, e.g., get rid of the costly and stubborn oldsters, and replace them with the obedient diversity snowflakes.
get rid of the costly and stubborn oldsters
All they have to do is lay them off. But yeah, if they die they don’t get severance or unemployment, and will never collect welfare or social security.
Seems like a big target was the elderly, but this vaccination of children is really making me wonder what in the hell are they doing.
are they doing.
Obviously they are not trying to help the children. Nothing could be more obvious.
Some kind of evil type brilliance, but they have been planning their schemes for years. Went through a trial run on a Pandemic just a couple months before Covid was unleashed or faked or whatever it is.
Their Agenda 21 Documents were clearly depopulation and total control of populations.
They think populations are useless eaters, in spite of them being parasites on humans who made them filthy rich.
There was only a short time that I witnessed some kind of balance of power that was beneficial to the rise of middle class where capitalism was operative ,being post World war two 1947 to about 1980 .
It just all got corrupted by this , that, and the other thing. .
Now in the news from the UK they are saying children are spreading Covid., and let this be a warning to California.
Is there anything they won’t say to get a jab in every arm .
The US penal system is a national disgrace. Prisoners are already being deprived of their liberty, but are now being subjected to inhumane and degrading treatment behind bars. The entire system is emblematic of the corruption, incompetence, and unchecked abuses that have overtaken our institutions of governance, especially the DoJ and Bureau of Prisons, as the globalists and their Democrat-Bolshevik Quislings have consolidated their control.
WORLD EXCLUSIVE: Ghislaine Maxwell tells all from inside her US prison cell: Heiress says ‘I am weak, frail, tired and don’t even have shoes that fit… guards feed me rotten food and one apple had maggots in it’
https://www.dailymail.co.uk/news/article-10198663/Ghislaine-Maxwell-tells-inside-prison-cell.html
Ghislaine Maxwell has spoken for the first time about her ‘living hell’ behind bars – claiming that she has been assaulted and abused by prison guards, purposely deprived of sleep and given rotting food to eat.
In a world exclusive, Ms Maxwell, who had her £21 million bail application denied for the fourth time last week, also claims negative media coverage while she has been in custody and the deliberate withholding of evidence have made it ‘impossible’ for her to receive a fair trial.
Sunday funnies from TBP. Enjoy!
https://www.theburningplatform.com/2021/11/14/sunday-funnies-389/
Thanks for posting
They were all good but my favorites were the Infrastructure pie with small slice showing what percentage was actually going to infrastructure just like Obama’s Porkulus funding of Marxist programs and pay back my donor plan. That one along along with the drawing of the famous picture of iron workers having lunch on a beam high above the city while the 2 dudes looking at it comment…
Dude 1: Can you imagine how scary that was?
Dude 2: Working without a Covid vaccine?
… and to think I never would have seen any of that if I was still watching the race baiting social justice warriors who play, advertise and flap their gums doing the play by play of the NFL.
Why it’s easier to breathe, I have more energy and food even taste better since giving it up.
Libtards reaping what they voted: SF edition
https://sanfrancisco.cbslocal.com/2021/11/07/watch-brazen-san-francisco-vehicle-smash-and-grabs-captured-on-video/
SAN FRANCICSO (CBS SF) — Even with a police crackdown and rewards being offered the surge in San Francisco smash-and-grab vehicle burglaries continues with the videos being posted on social media nearly every day.
Sophia Massad, a musician from Oklahoma, told KPIX 5’s Betty Yu she was in town for the Outside Lands music festival on Nov. 1 when she videotaped a brazen vehicle break in at Hyde/North Point.
She was shocked and frightened.
Recall of District Attorney Chesa Boudin heads to San Francisco voters in June 2022
https://www.sfchronicle.com/sf/article/Recall-of-District-Attorney-Chesa-Boudin-16606647.php
*progressive cuck
‘Zestimates are inaccurate because they don’t know our local market,’ said Kindi Bliss, a real estate agent in Bloomington-Normal. ‘Now the public thinks they are accurate, but the realtors know and laugh all the time at Zestimates.’”
Realtors laugh because they can use these inflated zestimates to get their marks, er, clients, to overpay based on false data.
‘The sky is not really the limit,’ Moylan said.
Pearls of wisdom like this are why realtors can charge a 6% commission.
“According to John Rice, a broker in Rye, sellers need to price their property correctly and not over-price it.
Sounds like UHS are losing their patience with greedhead wish prices, as they need quick sales to make their Lexus SUV lease payments each month.
China’s international junk-bond market has borne the most brunt of this fallout. In the last six months, a sell-off in this market has wiped off a third of investors’ wealth.”
The coming global wipeout of Yellen Bux “wealth” is going to get downright Biblical once the debt-based asset bubbles and Ponzi markets the central banks have blown since 2008 can no longer forestall the financial reckoning day. Got physical gold and silver?
Central to the plans was a proposed vacation resort near the community of Indian Harbour Lake, with 1,000 villas, tennis courts, horse stables, swimming pools and replicas of the Eiffel Tower and Leaning Tower of Pisa.”
Tacky, tacky, tacky. But of course globalist pajama boy Trudeau is more than happy to sell off Canada’s territory & sovereignty to the highest bidder.
‘The bigger question is how can politicians be so naive?’ Prof. Grant asked ‘I’ve never thought this was much more than a pipe dream.
Your politicians aren’t naive, Prof. Grant. They’re globalist traitors willing to sell out their country to the highest bidder.
+1000, very funny Boo.
America is Under Attack by Marxist Globalists – Martin Armstrong
https://usawatchdog.com/america-is-under-attack-by-marxist-globalists-martin-armstrong/
Back in July, legendary geopolitical and financial cycle analyst Martin Armstrong boldly said, “The system has come to an end.” What are we seeing now? There is massive inflation, huge defaults of debt in China, a badly broken supply chain and a hostile government against “We the People” here in America. It sure looks like the end of this system is near. Armstrong contends it is not an accident that all this is happening now to the United States because Marxist globalists want to overthrow our Constitutional form of government. Armstrong explains, “This is getting to be really absurd. Biden is the perfect President. I warned that this election had nothing to do with Trump versus Biden. It was Trump versus a foreign entity that was trying to take over the United States. Biden is absolutely the perfect President. They got their wish. They got somebody in there that really would not be able to figure out left from right. I am not making derogatory statements against him. This isn’t even Biden’s agenda. You are lucky if he even understands what’s going on. It’s the people behind him. It you look at his polls, they are down to 33%. A politician would normally care about that. You don’t see any change because he’s not the one doing this. They know he’s just a place holder. , , , They are just moving their agenda through—period. The United States is being orchestrated from Geneva. All this ‘Build Back Better’ stuff was a slogan created at Davos. . . .The United States is under attack from a foreign entity.”
Tucker Carlson documentary.
Apologies if this has been posted here already.
Patriot Purge (Part 1):
https://leakedreality.com/video/25984/patriot-purge-part-1-tucker-carlson-originals
Patriot Purge (Part 2):
https://leakedreality.com/video/26080/patriot-purge-part-2-tucker-carlson-originals
Can’t find episode 3 anywhere without a sign-in/paywall.
+1. When the shrieks of the globalist media get particularly shrill, as they did when lambasting this Tucker Carlson dissection of the J6 “insurrection,” you know the truth darts are hitting center mass.
Patriot Purge (Part 3)
https://www.bitchute.com/video/qbOkGgSjRNpl/
Been watching for years Government giving favoritism to Big Corporation Interest.
Gave them favorable tax write offs and Government supplements.
Government would back their junk loans
Government took away good law like Glass Steagall that created the Wall street Casinos fake wealth creation .
They let Corporations out source jobs and manufacturing to places like China without penalty, that created monopoly manufacturing in China.
Government gave immunity to Big Pharmaceutical on vaccines liability , and now Big Pharmacy is trying to take over .
Government catered to the Industrial military complex, that President Eisenhower warned about.
Government bailed out Entities that should of been convicted for financial crimes, in the trillions.
Government pass bill for Commie Obama care which was just the first tier set up for medical tyranny and looting of tax coffers.
Government failed to protect Citizens from border invasion , and apply the standing law.
Government got involved in endless wars that were questionable in terms of a National Defense of US.
Government had a Deep State apparently working for agendas not voted for by the people.
Government had agendas like Agendas that weren’t voted on , along with One World order agendas advanced , not voted for by Citizens.
Government going after one right after another.
Government allowed corruption of Government by Un American activities , and brainwashing in schools of political ideologies designed to overthrown US, and destroy Constitutional Protections.
Break of Social Contract to maintain law and order
Government didn’t break up Monopolies allowing the destruction of competition and to much power in too few hands.
I could go on and on , but basically Government betrayed the Social / Constitution Contract to the Citizens , by doing what the Rich Corporate Monopolies and Money Changers wanted, and now they are trying to take over the free World.
Washington DC needs to be entirely purged, with the election integrity restored.
When your Government becomes your enemy, because they are the pawns of Entities that want to deprive, defraud, loot, enslave and even kill you than you no longer have a Government.
US Citizens are White terrorists, or Innsurrectionist , or unvaccinated non compliance worthy of loss of job, discrimination , banned from commerce, all kind of depriving, parents are terrorists if they want a say so in what’s taught in school, or parents right to protect child from vaccination.
And Biden is the pawn of the Entities that are tearing down all Constitution protections and previous systems for this One World Order Dictorship by self serving Psychopaths.
So yes , I agree with the article above me that the hallow Biden was their choice because he’s not there in body , mind or soul, perfect fall guy.
Oklahoma National Guard ‘Goes Rogue’ After New Commander Rejects Vaccine Mandate — Pentagon To Respond ‘Appropriately
November 14th 2021, 10:59 am
https://www.infowars.com/posts/oklahoma-national-guard-goes-rogue-after-new-commander-rejects-vaccine-mandate-pentagon-to-respond-appropriately/
Things are going to get interesting when officials in the red states, who still honor their oaths to defend & uphold the Constitution, are pitted against the DoJ, which has been the most thoroughly Democrat-subverted of all our institutions of governance, and shares the globalists’ pathological hatred for the Bill of Rights and civil liberties.
Biden’s DOJ hits back at federal court for blocking his ‘staggeringly overbroad’ vaccine mandate and says it will ‘vigorously defend’ President’s plan
https://www.dailymail.co.uk/news/article-10199493/Biden-DOJ-promises-fight-federal-court-ruling-against-vaccine-mandate.html
The U.S. Department of Justice is planning to ‘vigorously defend’ President Joe Biden’s Covid-19 vaccine mandate after a federal court upheld a stay on it.
A three-member panel of the 5th U.S. Circuit Court of Appeals in New Orleans, which covers Texas, Louisiana and parts of Mississippi, affirmed its ruling on the Occupational Safety and Health Administration (OSHA) order in a new opinion published Friday.
Right, so Biden’s team says the Mandates are to save lives, therefore justified.
So where is the proof that the injections save lives. Just cause Biden says jabs are safe and effective.
And masks and lockdowns saved life, NOT.
the Mandates are to save lives
Many lives were sacrificed to allow us to have our Liberty and the Constitution, countless others to defend it.
This fawning, obsequious MSM interviews with Yellen the Felon are revolting. Would love to see a Real Journalist go rogue and start asking Goldman’s helmet-haired hobbit some tough questions about the Fed’s fiat currency fraud and the systemic risks to our financial system created by 13 years of Fed & Treasury “emergency measures.” Old Yellen is willing to talk about China’s real estate bubble, but never our own. We will not have sound money or honest markets until Yellen & her Fed accomplices are standing in orange jumpsuits & shackles before an honest judge at a post-collapse tribunal.
Yellen says economic slowdown in China would have “global consequences”
https://www.cbsnews.com/news/janet-yellen-china-evergrande-global-consequences-face-the-nation/
Washington — The Biden administration is closely watching the situation unfolding in China with the world’s most indebted property developer, according to Treasury Secretary Janet Yellen, who warned that its struggles to pay back billions in loans could have repercussions for the global economy.
Evergrande, China’s second largest property developer, is on the hook for more than $300 billion to creditors.
“Real estate is an important sector of the Chinese economy. It accounts for about 30% of demand,” Yellen told “Face the Nation” moderator Margaret Brennan in an exclusive interview. “And a slowdown in China, of course, would have global consequences. China’s economy is large, and if China’s economy were to slow down more than expected, it certainly could have consequences for many countries that are linked to China through trade.”
Globalists gonna globe.
EXCLUSIVE: Poland is braced for major attack by ‘weaponised’ migrants from Belarus TONIGHT: New column of desperate Middle East refugees is headed to border after some were ARMED by dictator’s troops
https://www.dailymail.co.uk/news/article-10200791/Poland-braced-major-attack-weaponised-migrants-Belarus-TONIGHT-aiming-reach-EU.html
“The median sales price for a single-family home on Maui cooled to $933,000 in October — down from $997,000 the month before.”
Wow…a $64,000 hit to the median in one month seems like alot. Luckily everyone put 20% down, bought a home that cost less than 3x their annual income with monthly payments below 30% of income, etc.
Another story in the “A Needle in Every Arm” saga: Austria to lock down only the unvaxxed.
Austria is placing millions of unvaccinated people into lockdown from Monday amid record infection levels and growing pressure on hospitals.
“We are not taking this step lightly but it is necessary,” Chancellor Alexander Schallenberg said.
Unvaccinated people will only be able to leave home for a limited number of reasons, like working or buying food.
About 65% of Austria’s population is fully vaccinated, one of the lowest rates in western Europe.
Meanwhile the seven-day infection rate is more than 800 cases per 100,000 people, putting it among the highest in Europe
Overall, Europe has again become the region most seriously-affected by the pandemic and several countries are introducing restrictions and warning of rising cases.
Austria’s new measures are estimated to affect about two million people, who were already barred from visiting restaurants, hairdressers and cinemas but will now be told to stay at home.
“In reality we have told one third of the population: you will not leave your apartment anymore apart from for certain reasons,” Mr Schallenberg said.
“That is a massive reduction in contacts between the vaccinated and the unvaccinated.”
The government says police will carry out spot checks in public spaces to determine their vaccination status.
And all the while vaccine injury is the cause of increase in hospital cases and vaccinated getting Covid.
All this money looted by the Globalist has to be taken back . Because this was a conspirators scheme to loot the citizens, destroy competition , and amass great wealth over Pandemic lockdowns .Further it was a scheme to loot the Government by relief packages .
It was a pre planned scheme to bring on Pharmaceutical Tyranny , in collusion with Big tech, the Bill Gates and Klaus Schwabs , Davos Group and other culprits to destroy all freedoms by fabricated Pandemics for takeover. To even force expiermental injections by Big Pharmacy , while obstructing the first amendment , to defraud the public.
The Puppet Biden is the destroyer to advance the plan, who was elected by a rigged election.
They need to be stripped of all their ill gotten wealth , after they are tried for treason, murder , stealing trillions , Innsurrection of US , corruption, bribery, extortion, fraud , censorship, collusion with Foreign enemies, you name it.
Really, what crime didn’t they commit.
What a crock.
Yellen says end of inflation depends on ‘successful’ US pandemic response
https://nypost.com/2021/11/14/yellen-end-of-inflation-depends-on-successful-pandemic-response/
US Treasury Secretary Janet Yellen predicted that inflation will end once there is a “successful” response to the pandemic when demand patterns and labor supply return to their pre-pandemic norms.
In an interview with CBS’s “Face the Nation” that aired on Sunday, Yellen said she is confident that price spikes will subside in the second half of next year as the country slowly recovers from the virus that caused unemployment to soar to nearly 15 percent.
The stickers are multiplying.
idiot_trio.png
https://files.catbox.moe/n81x47.png
The stickers are multiplying.
“I helped!!”
“I just suck!”
Brilliant. I can’t say that have seen any stickers on pumps I frequent, but I expect that gas station staff are ordered to remove them. Plus I fill up once every 6-8 weeks.
Let’s Go Brandon
“I just suck!”
Former Speaker of the California State Assembly, Democrat Willie Brown would heartily agree with Kamala.
“I can’t say that have seen any stickers on pumps I frequent,”
They’re all over the pumps in my part of Region IV.
Spokane Valley, WA Housing Prices Crater 19% YOY As Mortgage Fraud Epidemic Slams Eastern Washington/Idaho
https://www.movoto.com/spokane-valley-wa/market-trends/
As one distinguished economist stated so eloquently, “There is no crisis…. in falling housing prices.”
The Financial Times
Chinese economy
China home prices fall as property slowdown threatens economic outlook
Beijing introduced measures aimed at constraining borrowing at developers over asset bubble fears
Prices of new homes in 70 big Chinese cities fell 0.25% in October
© Reuters
Thomas Hale in Hong Kong
2 hours ago
New home prices in China fell for the second consecutive month in October, as a property slowdown and mounting distress at real estate developers clouded the country’s economic outlook.
Prices for new homes across 70 of China’s biggest cities fell by 0.25 per cent in October compared with the previous month, according to data from the country’s National Bureau of Statistics.
The metric, which also edged lower in September for the first time in more than half a decade, highlights rising pressure on policymakers who have sought to limit debt growth across the real estate sector but are now confronted with liquidity issues at many developers.
Last week, the US Federal Reserve warned that stresses within the property sector, which directly and indirectly accounts for more than a quarter of economic activity in China, posed “some risk to the US financial system”.
…
Let’s go Brandon!