thehousingbubble@gmail.com
Blog

It’s Been One Wild House Party — That Might Be Over Now

A report from the Daily Democrat in California. “Tom Doyle bought a house in southwest Woodland for $675,000 last year in October. Doyle said that his family had been paying attention to the housing market, but it is very different from the market in Northern Michigan. They hope that the home they purchased will continue to increase in value. ‘From what we’ve been looking at, we’ve looked at houses well above what we paid and we looked at houses lower paid, and I think the value for money for the home that we got is we could very well [have] a tremendous upturn right now,’ Doyle said.”

From Fox 4 Now in Florida. “Right now- the beach markets are in high-demand. Most notably, Sanibel Island. Cape Coral has been a hot spot destination as well, with new homes popping up every few blocks. In fact, over the course of the last seven days, Jay Richter, Managing Broker with John R. Wood Properties, says there have been 542 new listings, with more than 1,000 pending sales. That’s about a 53% hike.”

“‘You really have to know what you’re getting into and you’re hoping, if you’re overpaying, that the market is going to continue- there’s no promises on that,’ said Richter. ‘I just sit there and look at the six things and I was the guy, six months ago, saying that this isn’t going to continue because we’d never seen this. Being here almost 30 years and I’ve never, ever seen this.'”

From WINK News in Florida. “Realtors are sounding the alarm on skyrocketing home prices. Fewer affordable housing options are making it difficult for families to make ends meet. However, future homeowners can do a few things to ensure that they get the home of their dreams. Realtors say that by putting in multiple offers, having patience, and paying cash if possible to make your bid more attractive, you’ll stand out and beat other offers. Xuxa Santiago is currently house hunting and says homes can be off of the market in the blink of an eye. ‘I mean houses on Zillow, you can heart it and five hours later pending sale. It’s impossible,’ Santiago said.”

From WHSV in Virginia. “The Harrisonburg-Rockingham area housing market is continuing to surge as the end of the year approaches. ‘Over the past six months or so, we’ve seen instead of five to ten offers on a house, maybe two or three offers, so things are cooling a little bit. But cooling off in this market, is going from an extremely strong seller’s market to a still very strong seller’s market,’ said Scott Rogers, an associate broker with Funkhouser Real Estate Group.”

“One thing that has contributed to the strong housing market, is the historically low mortgage interest rates that’ve been seen over the past few years. ‘Buyers should enjoy them as long as they last, and sellers should be cognizant that if interest rates do start to go up, eventually that’s going to cut into some of the buying power that a purchaser would have in the market as they have to pay more on a monthly basis for the house they’re attempting to purchase,’ said Rogers.”

From News 9 in Colorado. “Ouray voters approved a 15% excise tax on short-term rentals by narrow margins. It appears to be the highest tax on vacation rentals in the state. Vacation rental owners and managers were among the loudest opponents against Ouray’s tax. Before the council voted to put the tax up to voters, Premier Vacation Rentals Chief Executive Officer Chris Bettin discouraged councilors from doing so and said his company would consider legal remedies against it.”

“‘Maybe it’s just a tipping point issue. People say, ‘Gosh, we haven’t done anything about affordable housing and we need to do something,’ Bettin said. ‘They probably do need to do something, but I wish they hadn’t done this.'”

“Ouray resident Cindy Carothers, who advocated for the tax, said businesses’ struggles to hire employees put housing in the spotlight. ‘All you had to do was walk around town in the summer and businesses were open five days a week, they had no workers, they couldn’t bring people in, and places that were ordinarily open seven days a week were not,’ she said. She said the passage of the tax shows residents don’t want to let people ‘come in and use Ouray as an investment’ without supporting the city’s infrastructure and housing needs.”

From WFAA. “It’s been one wild house party in Texas — that might be over now. But predictions are that Texas will still have an after-party. It’ll just be a whole lot more chill. Now, let’s back it up just a bit to July 2021, because except for San Antonio, that is the month the median home hit a high point in the major metros in Texas. Since then, prices have ticked down (again, in all but San Antonio).”

“The Texas A&M Texas Real Estate Research Center asks whether the pandemic housing frenzy is over. And then, the research center answers its own question, saying housing sales growth and housing price growth have peaked and are slowing.”

From CTV News in Canada. “House prices in Toronto have been generally high for quite some time now, notes Desmond Brown, a real estate agent with Re/Max Hallmark Realty Ltd. in Toronto. This is something most residents have come to expect by now, he says, although he is seeing a slight cooldown in the market. ‘We’re still seeing sale prices going over asking, however, we’re not getting as much activity,’ he told CTVNews. Brown points to a property he recently sold that had 53 showings but only three offers as an example. ‘We’re not getting as many multiple offers per property…maybe from buyer fatigue or just not as many people are out looking [for houses] at this time of year.'”

From Stuff New Zealand. “The record-smashing profits earned by The Block NZ contestants this year are huge, but experts say they could represent the last flash in the pan for this market cycle. In the Real Estate Institute’s latest figures, the national price was strong, but the house price index had dropped in some areas. That inconsistency was a sign something was going on in the market, said CoreLogic head of research Nick Goodall. ‘When prices are not consistent across the board, it means not all properties are selling automatically or well now. Unlike a few months ago when anything would sell well.'”

“The headwinds for the market were strong, but the prospect of higher mortgage rates and tighter lending conditions could make for an extra bit of desperation for buyers, Goodall said. ‘People want to secure a property before the situation changes, so they are motivated to pay more now because they won’t be able to borrow as much in future.'”

The Sydney Morning Herald in Australia. “Homebuyers who have used low interest rates to drive house prices to all-time highs and take on record levels of debt are being warned they face a steep increase in repayments, with the Reserve Bank signalling it wants the official cash rate to eventually climb to 2.5 per cent. While trying to play down the immediate threat of a rate rise, RBA governor Philip Lowe on Tuesday made clear the bank measured success by getting the cash rate – currently at a record low 0.1 per cent – back to 2.5 per cent if not a little higher.”

“‘We’re trying to get interest rates up over time. If we’re successful, interest rates will go up. People borrowing today need to remember that,’ he said.”

“Dr Lowe said he would hope to get official interest rates back to a ‘neutral rate’ of at least 2.5 per cent, if not 3.5 per cent. An increase to 2.5 per cent would lift the repayments on a $750,000 mortgage, the current average loan for an established house in NSW, by $1004 a month or $12,048 a year. At 3.5 per cent, home loan repayments would climb by $1468 a month or $17,616 a year.”

“On the average $634,000 Victorian mortgage, a 2.5 per cent cash rate would increase repayments by $849 a month or $10,188 a year. At 3.5 per cent, monthly repayments would be $1241 higher while over a year they would be almost $15,000 more expensive.”

From CNBC. “Highly indebted property developer China Evergrande will likely default because the company has essentially lost its main business, S&P Global Ratings analysts said in a report Thursday. ‘The firm has lost the capacity to sell new homes, which means its main business model is effectively defunct. This makes full repayment of its debts unlikely,’ the analysts said. ‘We still believe an Evergrande default is highly likely.'”

From Bloomberg. “China’s property market crunch is making it difficult for local governments to cut an estimated $6 trillion of hidden debt even as Beijing shows more determination in cracking down on the problem. A downturn in the property market won’t make it an easy task. Land sales, which account for about 40% of local governments’ revenue, have tumbled since August, putting pressure on public finances.”

“What is hidden debt? Local governments, under pressure to shore up growth in the wake of the global financial crisis in 2008, went on a borrowing binge to fund infrastructure projects as part of China’s 4 trillion yuan ($626 billion) stimulus package. Before a new budget law was introduced in 2015, regional authorities weren’t allowed to borrow directly. Instead, they were encouraged by Beijing to use state-owned companies now known as local government financing vehicles, or LGFVs, to raise money through bank loans, and later, bond issuance.”

“The debt doesn’t appear on the balance sheets of local governments, yet carries an implicit guarantee of repayment with public money. Most of the debt is owned by local banks, so the surge over the years has led to moral hazard and risks to the financial system. ‘About half of the debt will be repaid, and the other will be transformed into on-balance-sheet debt,’ Zhang said Zhang Yiqun, a member of the Society of Public Finance of China.”

Related Posts

A Pack Of Fools

A weekend topic starting with Realtor.com. "In today’s wild housing market, it may seem that…

This Post Has 81 Comments

  1. ‘We’re trying to get interest rates up over time. If we’re successful, interest rates will go up. People borrowing today need to remember that’

    What about people that borrowed yesterday Phil?

    ‘An increase to 2.5 per cent would lift the repayments on a $750,000 mortgage, the current average loan for an established house in NSW, by $1004 a month or $12,048 a year. At 3.5 per cent, home loan repayments would climb by $1468 a month’

    It’s always tricking with these “queen on their money” sh$tholes. How many pesos is that?

    1. It’s not so much that the house payments will go up in lockstep with interest rates, as home prices will fall. Having to pay more of the monthly to Mr Banker in interest leaves less principle to apply to the purchase price.

      1. “…if interest rates do start to go up, eventually that’s going to cut into some of the buying power that a purchaser would have in the market as they have to pay more on a monthly basis for the house they’re attempting to purchase…”

        CR8R

      2. IIRC, in many countries such as Canada & Australia, there are no such things as 30 year fixed rate mortgages (don’t recall if it’s just rates adjusting or have to get new loan) – so, yes, indeed, those people who used the utmost of their super low rate purchasing power will indeed have payment shock when the rates adjust / have to get a new loan.

        In the U.S., since I don’t believe there are a lot of ARMs this time around (yes, I know mortgage “quality” isn’t as good as claimed), the effect will mostly be lower house prices.

    2. Soon it will be King Charles’s ugly mug on their money. Did you know he lives most of the time in Transylvania, not England? He allegedly is distantly related to Vlad the Impaler. The guy is truly strange.

      1. William isn’t much better, even with his infusion of DNA from the unquestionably gorgeous Diana. They’re going to have ugly money for a LONG time. George is still a toss-up.

        1. There are many crossing branches in the Windsor family tree. A young man like William who goes full chrome dome before 30 is a sign of extreme inbreeding.

          1. “There are many crossing branches in the Windsor family tree”

            You mean the House of Saxe- Coburg and Gotha? The British royals are German, not English. Remember when the Puritan’s murdered our king in 1649? My family sure does. Many families in the tobacco growing part of the country still do. Put yeah, the Civil War was about slavery, and England belongs to the English.

  2. ‘‘The firm has lost the capacity to sell new homes, which means its main business model is effectively defunct. This makes full repayment of its debts unlikely’

    What about the goldfish S&P?

  3. ‘What is hidden debt? Local governments, under pressure to shore up growth in the wake of the global financial crisis in 2008, went on a borrowing binge to fund infrastructure projects …they were encouraged by Beijing to use state-owned companies now known as local government financing vehicles, or LGFVs, to raise money through bank loans, and later, bond issuance’

    Gosh, could this mean that pouring a hundred years of concrete in 3 has a downside?

    ‘The debt doesn’t appear on the balance sheets of local governments, yet carries an implicit guarantee of repayment with public money’

    We’ve already seen the “assume” principle play out with these commies. Why do you think it was hidden? Cuz yer not getting paid!

    1. It’s Enron again.

      Not to suggest that Evergrande and related megadebt time bombs in the Chinese economy will blow up overnight the way that Enron did…

  4. ‘They probably do need to do something, but I wish they hadn’t done this’

    Chris now has 50 very expensive, cash flow negative shacks on his hands. He can always sell, right?

      1. If it is true that two jurors are afraid of repercussions then they need to be removed at once as they are incapable of fulfilling their duty to SERVE

        1. That’s brings up something I heard a couple of days ago. The judge was addressing them and said juries. Are there more than one?

          2. There are 6 alternate jurors. I don’t know what it takes to get removed from a jury, but admitting being intimidated by retribution would seem to qualify.

      1. Not yet, not yet. Here’s my speculation: I think the jury said Not Guilty right away on any of the intentional homicide charges, and they’re still arguing over the lesser charges. Maybe that’s why they’re so intent on scrutinizing the video and reading the jury instructions. My prediction is a mistrial with a re-trial. Kyle will walk on the second trial.

    3. Any thinking person should find the prosecution’s strategy & tactics eye-opening. If you exercise your 2nd Amendment rights, in the eyes of the globalists and their subverted judiciary that is prima facie evidence that you are Deplorable and should be locked up for that reason alone. In our People’s Republic of New Democracy, the exercise of your nominal Constitutional rights is verboten and grounds for the entire corrupt, Democrat-subverted system to come after you with all the means at its disposal.

      1. Kyle raised plenty of money before trial, and he’ll have a movie deal. It was a tip off that he got charged in days when the state couldn’t possibly have even collected all the evidence. Half baked, politically motivated. I don’t watch TV, so has anyone seen it mentioned that none of this would have happened had the media/guvnahs not refused to stop the riots in the first place? Would it have been so hard to put down riots by these skateboard and bic lighter villains?

        1. I don’t watch TV either, not my whole adult life. But from one PI KENOSHA site I visisted and a smattering of comments on a few select sites, the Complaint was baked in 48 hours. And yes, it has been widely observed that the wholesale Dem run state servants are to blame for the law enforcement stand down, basically causing citizens to fend for themselves.

    4. I think we are all forgetting the threat of black mob violence. Even John Gotti couldn’t intimidate a jury like this. 500 national guards standing by, for what?

      2. Nobody is forgetting it. Not mentions it is not tantamount to forgetting it.

        Did you see how the police discovered piles of freshly delivered BRICKS just blocks from the courthouse?

        1. “piles of freshly delivered BRICKS”

          See also: multiple cities around the U.S. in the summer/fall of 2020. Real Journalists wish that the sheeple would all just forget about that, but if it’s ever been on the internet it can’t be erased. Checks were signed, payments were made, agreements were agreed upon, and Wendy’s got burned to the ground.

          This is who the Democrat Party is. This is what they pay their #BrownShirt army of Pantifa to do.

          Imagine being in prison, and telling other people that you’re in prison for burning down a Wendy’s. F*ing loosers

    5. One of the many ways it has been rigged by prosecution. The ADA’s oh no facial expression when the judge announced there will be a separate hearing with experts to determine the snafu was revealing. And where is the flying black guy who gave Kyle a kick in the head? What they couldn’t find him or is he an undercover FBI and part of the usurpation of America? So many repugnant insinuations by the smarmy ADA it was nauseating.

      1. The guy who got his arm annihilated by Kyle was likely an FBI informant, hence the reason his weapon and dui charges were dropped. F around and find out!

    1. Is it safe to assume the BLM peops will rain destruction on
      neighborhoods where low income minorities live if Kyle walks?

      1. Smashing out the windows of Starbucks, burning down Wendy’s, looting Foot Locker, etc.

        “They’re not sending their best”

      2. They have already threatened what they are going to do if Rittenhouse gets less than first degree Murder.
        Mob Justice with riots, not peaceful protesters who even know the facts of the case.
        Fraud news already prejudiced the Case with their deliberate fraud, and US President prejudiced the case, and the Charges themself was a prejudice to the case. Prejudice of Jury being afraid of the Mob.
        So, I’m predicting mistrial because they won’t get the amount of Jury needed .
        Than the Prosecution will have to decide to have a new trial or not. But, acquittal is the right verdict based on Prosecution not defeating the self defense case.
        This is how the left is trying to turn law and order , and standing law into mishmash by such statements like Rittenhouse is guilty because he purchased a gun, which isn’t the law.
        Its like making a law that’s its a crime to purchase bullets, rendering guns not useable.
        They are trying to do this with everything from mandates, and unequal justice to who they perceive as their political opponents.
        And , the fake news gets to spin false narratives, while censoring dispute about everything.
        When does it become a crime against Society that a Innsurrection by Globalists Monopolies, that’s in collusion with Monopoly fake news get to defraud the Public daily on their campaign to destroy the Constitution, the first and second amendment, Bill of Rights, standing long term law, etc.
        And Biden using the Power of Executive Branch , to threaten Citizens in everyway if they oppose some kind of One World Order Dictorship of Corporate Governance of previously free Countries.
        You actually see more and more Talking Heads calling this attempted take over of US for what it is . What Government Agency , or Branch, is in charge of stopping a Innsurrection if Government is corrupted and captured by the enemy, trying to bring on a destruction of a Constitutional Republic.
        Or, can Government be so corrupted and captured, that the only option is non compliance by Citizens, or Revolution, or what? How to even restore legitimately held elections, when the enemy plots against that.

    2. “Kyle Rittenhouse is gonna walk free.”

      I hope so, for private property’s sake.

      The government says it might be your property, but we still control how and when you can use it, and if the police will protect private property from a BLM mob. Apparently you may not protect your own property with a 2nd Amendment approved weapon of choice in the 21st century. It appears that Vigilantism is on trial.

  7. No matter how much the fawning MSM covers for her, Kamala Harris is unfit to be VP by any measure. As Biden’s cognitive decline accelerates, I suspect the globalists and DNC are getting concerned about the overwhelmingly negative public opinion toward their fraudulently installed gruesome twosome.

    Kamala Harris is a very weird person

    https://nypost.com/2021/11/16/kamala-harris-is-a-very-weird-person/

    When Kamala Harris considers movie titles that make people think of her, she probably goes straight to “Wonder Woman.” I have news for her: Every time she opens her mouth, people are wondering, “What Planet Are You From?”

    It’s pretty clear everyone in the White House hates her and is blame-leaking to every reporter around in hopes of emerging from this explosion in the stink-bomb factory without carrying any failure fragrance.

    All politicians blather, but Harrisblather is like an air salad with vapor croutons and nullity dressing. She went all the way to France to offer insights like, “We must together. Work together. To see where we are. Where we are headed, where we are going and our vision for where we should be. But also see it as a moment to, yes. Together, address the challenges and to work on the opportunities that are presented by this moment.”

    2. I read somewhere that they want Joe to hang on for another year or so before allowing Kamala (or whoever) to take over. If I read the 22nd amendment correctly, if Kamala takes over more than two years of Joe’s term, she can only be elected once. For example, if she takes over the Joe tomorrow, she could only serve 7+ years: Joe’s three years and four of her own.

      However, if Kamala takes over less than 2 years of Joe’s term, she can be elected twice, and serve a little under a 10-year term (~1.7 years of Joe’s term and 8 years of her own.

      That’s pretty funny, if that’s what they were thinking. Do they really think they’d have a permanent Democratic majority to allow Kamala to serve ~1.5 years, and then be elected for 4 years, and then be elected again for another 4 years? 😆 Geeze, Dems can’t even survive serving on suburban school boards.

      1. Even the majority of Democrats want nothing of Heels Up Harris. “They” want Joe to hang on for all four years so “they” can run things.

  9. ‘From what we’ve been looking at, we’ve looked at houses well above what we paid and we looked at houses lower paid, and I think the value for money for the home that we got is we could very well [have] a tremendous upturn right now,’

    How does the MSM choose which real estate experts to quote?

  10. ‘I mean houses on Zillow, you can heart it and five hours later pending sale. It’s impossible’

    Right oh, Xuxa! When you see that the UHS already had it sold and it’s basically dirty tricks.

    BTW this AM I am getting REO job offers from – Offerpad.

    Oh dear…

    1. ** “BTW this AM I am getting REO job offers from – Offerpad.”

      In my best Don Rickles voice:

      “ Ben, I say this with all sincerity-
      you could never work for a company that would offer to employ you “

  11. “From News 9 in Colorado. “Ouray voters approved a 15% excise tax on short-term rentals by narrow margins. It appears to be the highest tax on vacation rentals in the state.”

    – Good for Ouray! The STR tide is turning.

    – F*ck the STR scam. This includes the speculator owners, property mgrs., corrupt local gov’t. officials, and the horse they rode in on. These are resi houses, not motels!

    – Now no one can afford shelter anymore. Also f*ck the Fed for driving interest rates to zero and house prices to the moon. No inventory due to speculation and STRs and high prices from the a$$holes at the Fed. No one has to like it when they’re getting screwed.

      1. What kind of outfit are you running out of your house that you’re so insistent on no covenants at all? A mechanic shop? A gun range? A dispensary? A brothel?

        1. Yes, airbnbs are so similar to those things that the cities have to enact new laws to retroactively make them illegal.

    2. F*ck the STR scam. This includes the speculator owners, property mgrs., corrupt local gov’t. officials, and the horse they rode in on. These are resi houses, not motels!

      Exactly. The last thing I want to live next to when buying a house is an illegal motel operation. How this was ever allowed to materialize is beyond me. I want solid neighbors, not a revolving door of loud people with absolutely zero vested interest in the property.

      1. I’m still going to maintain that STR’s should be regulated locally, possibly as another category in zoning. Tourist towns are great places for STR’s. High-production cities, not so much.

    1. realtors now bitching about high prices: just like the menopausal matrons on The View, it never ends with these people:
      complain about high inventory & low prices.
      complain about low inventory & high prices.

      jumpin’ jesus please just buy your box of whine, bag of premium cat food from costco & go watch the batchelor/batchelorette/love island/greys anatomy/somebigcity fire/pd/med/er & S.T.F.U!

  13. ‘The Food and Drug Administration (FDA) asked a federal judge on Nov. 15 to give it until the year 2076 to fully release the documents in its possession tied to the approval of the Pfizer-BioNTech COVID-19 vaccine.’

    ‘The FDA’s request was made in a filing as part of a Freedom of Information Act (FOIA) lawsuit by a medical transparency group. The government told the court it has 329,000 pages of documents responsive to the FOIA request and proposed releasing 500 pages per month to allow for redactions of exempt material. At that rate, the FDA would fully release the records in question in just under 55 years.’

    ‘The plaintiff, Public Health and Medical Professionals for Transparency (PHMPT), is a group of doctors and scientists, including Harvey Risch, a professor of epidemiology at the Yale School of Public Health.’

    ‘The group filed the lawsuit (pdf) after the FDA denied their request to expedite the release of the records. The plaintiff and the defendant, unable to reach an agreement on a disclosure schedule, are seeking a hearing to argue their cases before the judge, who may eventually make a decision in that regard.’

    “The FDA’s promise of transparency is, to put it mildly, a pile of illusions,” Aaron Siri, whose firm is representing PHMPT in the lawsuit, wrote in a blog post on Nov. 17.’

    “It took the FDA precisely 108 days from when Pfizer started producing the records for licensure to when the FDA licensed the Pfizer vaccine,” Siri continued. “Taking the FDA at its word, it conducted an intense, robust, thorough, and complete review and analysis of those documents in order to assure that the Pfizer vaccine was safe and effective for licensure. While it can conduct that intense review of Pfizer’s documents in 108 days, it now asks for over 20,000 days to make these documents available to the public.”

    ‘The FDA did not respond to a request for comment.’

    https://www.theepochtimes.com/mkt_breakingnews/fda-asks-court-for-55-years-to-fully-release-pfizer-covid-19-vaccine-data_4110761.html

    It’s not a vaccine.

    Why was the Chinese guberment ordering CCP virus test kits in 2019?

    How did US flu deaths go from 30,000 in 2019 to 3,000 in 2020?

    Answer: they didn’t.

    1. 55 years to release data that is needed to be known now.
      In 55 years Statues of Limitations are gone on any crimes discoverable.
      These criminals really do think they are above the law.

      1. new standards

        It wasn’t that long ago that any mentions f boosters was conspiracy theory.

        What will be the long term effect of repeated exposures to the spike protein? And while many will say “enough”, many will obediently receive their subscription jab, and proudly display the “frequent jab card” on social media.

    4. No Wiz, that’s NOT all you need to know. FYI:

      There are specific types of information which are exempt from FOIA. As one example, trade secrets do not have to be released to the public. So, every one of those pages of documents has to be read by a cognizant staff member at the FDA and any trade secrets have to redacted accordingly. (repeat for any other information which is exempted) Almost nobody has dedicated staff to just read and redact papers for FOIA; it’s the regular staff which who have now moved on to reviewing other things. That’s why FOIAs are so slow, not because of some conspiracy theory to cover up a crime.

      This medical transparency outfit needs to learn how to write a proper FOIA, rather than saying “gimme all you got so we can look for dirt.” Chances are that most of what they are looking for is already available, albeit in redacted form. They should request documents from a particular group of staff and especially certain management, or request only executive summaries, or only specific types of data tables, or documents where the FDA staff asked questions to Pfizer in writing. They can probably find the dirt in under 500 pages if they know how to look. Oh, and don’t be surprised if they don’t find much. Government workers learned LONG ago that any sensitive conversations are done over the phone, or in the hallway, or on TEAMS or ZOOM, where written records are sketchy.

  15. “She said the passage of the tax shows residents don’t want to let people ‘come in and use Ouray as an investment’ without supporting the city’s infrastructure and housing needs.”

    What does the typical senior citizen contribute to the city’s financial well being? A couple early bird meals and $5 at the bingo hall? Or the typical broke apartment dweller for that matter?

    1. Die, speculator scum. Senior citizens who contributed something to society will always be worthy of more respect & consideration than your ilk.

  16. “The average price of a house in Woodland was $392,000 in 2017, according to Nicholas Marin-Kumko, the executive director of the Yolo County Association of Realtors. More recently, the average price sits at $579,000.”

    Both Davis and Woodland at roughly 60′ MSL are considered “high ground” due west of Sacramento, which is largely a floodplain at 20′ MSL that is foggy all winter and blazing hot in the summer. There is no shortage of land in the central valley, so there’s no reason for these ridiculous home prices.

    1. I can personally answer why prices are so high in Davis, as my wife works in a medical office in Sacramento & quite a few Dr’s commute to homes in that city. The rest commute to Elk Grove.
      it’s also considered desirable due to UC Davis w/the whole funky student vibe going on.
      not a bad place really, if yer a liberal it’s heaven. every one gets along. heck, you might even see Rodney King there

        1. well he was driving recklessly 100 mph is a 25 zone almost killing 5 people crossing the streets including a woman pushing her child..so naturally the police were angry at him. ….people seem to forget he was a criminal who put the public in real danger

        2. “Can’t we all just get along?”

          Best comment, ever, in the aftermath of a senseless riot.

          RIP, Rodney.

  20. From what I have seen what they’re selling isn’t real world.

    https://www.ispot.tv/ad/OY37/we-buy-any-car-big-plans

    This is…

    Andy Ngô Rainbow flag
    @MrAndyNgo
    · 18h
    Home video captures former NFL running back Zac Stacy savagely beating the mother of his child & throwing her around like a rag doll in Florida. The child was just feet away. Zac Stacy played for St. Louis Rams & the Jets.

    https://twitter.com/DonaldJTrumpJr/status/1461381289047699456?s=20

  21. Has the Fed’s attempt to convince the ignorant public that they can control interest rates indefinitely, without regard to inflationary pressures, ultimately failed?

    1. Maybe it’s time to drum up political support for a Whip Inflation Now (WIN) campaign?

      And should we also expect to soon line up at the pump to purchase gasoline before it runs out, like Soviet era Russians lining up to buy bread? Ignorance of the role of price in a free market economy could soon lead us there.

Comments are closed.