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To Put It Simply, This Is A Bottomless Hole

A report from Dirt on California. “A couple months ago, a Sunset Strip house sold for $14 million – exactly $5 million less than the sellers had paid in 2014. Months before that, another nearby house sold for $12.5 million, a $7.3 million loss for the seller. These aren’t anomalies, either — sellers of other neighborhood properties have lost as much as $10.5 million or ‘got lucky’ with only a $3 million penalty.”

“Built on speculation by a developer, this house first sold in 2018 for $17.5 million to ‘Peter’ Xu Tenghe, the younger son of Chinese billionaire Xu Jiayin, founder of Evergrande. Unsurprisingly, Xu’s Hollywood Hills mansion quickly popped back up for sale, first asking $18.5 million. But with no takers, the price quickly fell to $17 million, and records reveal the place closed off-market for a bargain-bin $12.5 million — a $5 million loss before realtor fees, taxes, other closing costs and three years of maintenance.”

The Philadelphia Inquirer. “The median listing price in the Philadelphia metro region — which includes the Camden and Wilmington areas and parts of Maryland — was $320,000 in October, down about 8% compared with the same time last year, according to Realtor.com. In October, about one in five Philadelphia-area sellers cut their prices. That doesn’t necessarily point to price weakness, said Danielle Hale, chief economist for Realtor.com. Sometimes sellers who are used to seeing booming price growth in the overall market get overexcited and need to adjust their listings to be more realistic.”

From Banker and Tradesman. “The housing market is not likely to implode like it did in 2008, when it ushered in what’s now known as the Great Recession. But could a price correction be coming? ‘The cure for high prices is high prices,’ noted economist Austan Goolsbee said at the recent Urban Land Institute conference in Chicago – meaning that at some point, people will stop buying houses until prices become more reasonable.”

“To hear Laura Cole of Lakewood Ranch Communities in Sarasota, Florida, tell it, prices have been slipping for the last three months as ‘consumer fatigue’ sets in. Todd Mansfield of Crescent Communities in Charlotte, North Carolina, agrees. ‘At some point,’ he said at the ULI meeting, ‘enough is enough.’ He added that the market is ‘on the verge’ of self-correction: ‘I can’t imagine it will keep going as it has.'”

The Greeley Tribune in Colorado. “A Larimer County man facing felony charges for scamming at least 15 people out of more than $850,000 in a housing development scheme has a preliminary hearing early next year. Bret Lamperes, 52, of Berthoud appeared virtually in Weld District Court before Judge Timothy Kerns on Monday morning for a disposition hearing. Paul Matthew Warren, Lamperes’ attorney, requested to set a preliminary hearing and advised his client has not entered a guilty plea.”

“His case dates back to February 2015 when Lamperes entered into a business called Investments of Windsor, LLC. In relation to the Investments of Windsor project, investigators suspect he completed 29 sales contracts, but only built eight condos pursuant to the contracts. Further investigation revealed Lamperes was believed to have stolen a total of $852,510 from at least 15 investors in the project. He turned himself into the Weld County Sheriff’s Office for the five felonies in early March 2021.”

From Global News in Canada. “In August 2012, a 19-year-old student from Guangdong arrived from the Dominican Republic to Montreal with $23,800 in euros and U.S. dollars stuffed into his backpack. Four months later, Zhang Guanqun purchased an 8,500-square-foot mansion in Coquitlam, B.C., for $2.1 million. It was only one of Zhang’s many multimillion-dollar transactions while attending Coquitlam College. From about 2012 to 2015, Zhang would funnel at least $33.75 million in electronic funds and cash through Canadian and Hong Kong bank accounts.”

“As it turned out, however, the Canada Border Services Agency and Fintrac, Canada’s anti-money laundering watchdog, had long been monitoring Zhang’s movements. They watched his parents, too. While living in Markham, Ont., they were wanted in China for allegedly defrauding 60,000 investors of about $200 million in a pyramid scheme, according to filings in a Federal Court case involving a refugee claim by the parents.”

“Evidence in B.C.’s current inquiry into money laundering, the Cullen Commission, asserts the occupation of ‘student’ is often used to buy luxury real-estate in B.C. In one example, commission lawyers found that a landowner in China accused of bribery — now facing deportation hearings in Vancouver — had transferred at least $114 million from a Chinese province into British Columbia through Hong Kong currency exchanges with links to organized crime.”

The Associated Press. “Criminals pumping nefarious earnings into the housing market could be contributing to high house prices across the country, locking people out of owning a home. The head of Transparency International Australia, Serena Lillywhite, says money laundering creates ‘devastating impacts’ for the country.”

“‘Australia has become the destination of choice for illicit financial flows … which too often end up in the property market,’ she told a Senate inquiry. ‘It can reasonably be argued that it is driving up property prices in Australia and locking Australians out of owning their own home.’ Sudanese generals, Malaysian bankers, Papua New Guinea elites and Chinese high rollers were all signalled as people using the Australian property market to wash funds.”

“The hearing was told Australia’s financial markets were attractive to criminals because of the ease at which they could hide funds through the creation of trusts and shell companies. Labor senator Deborah O’Neill said the evidence shocking, quipping that rock band AC/DC had it right. ‘You can do dirty things cheaply in Australia,’ she said. ‘A $2 company and off you go, no one will know what’s going on.'”

The Sixth Tone. “Zhang Junxiao and his wife have lived in a cramped, barely furnished apartment with bare, concrete walls for nearly three decades in the central Chinese city of Zhengzhou. As the 51-year-old planned for their retirement in mid-2019, he decided to purchase a new apartment. He chose a two-bedroom apartment with an elevator in a complex called Qifucheng — ‘Happiness Town’ — a complex of more than 20 buildings then under construction at the edge of Zhengzhou’s city center, slated to be completed in 2020.”

“Zhang borrowed money from friends and relatives to pay cash for the 550,000 yuan ($86,000) apartment to take advantage of a discount for cash offers. All told, he borrowed more than 100,000 yuan from relatives and friends and spent all of his savings for retirement. Two and a half years later, Zhang still has the debts, but no new apartment.”

“‘At first, I still held some hope. Now I have zero hope. I don’t know what hope means. I don’t know where hope is,’ Zhang said.”

“For years, China’s property sector has relied on selling unbuilt apartments to fund construction. When a project fails, ordinary buyers like Zhang can be left holding the bag. The Qifucheng complex alone sold more than 5,000 units before construction stopped. Zhang was counting on selling his current home so that he could pay off his debts. Instead, he’s stuck at his old home while struggling to get by. His family members blamed him for making a bad decision. ‘Now I have all sorts of debts everywhere, but I still haven’t got a new home,’ Zhang said.”

“With a kid in kindergarten and another in primary school, Zhou said she needs to spend at least 10,000 yuan per month to pay for expenses associated with rent, her two children’s education, a car loan, and this housing loan. The Qifucheng apartment was supposed to be her first apartment. ‘To be honest, we are in a really difficult situation. I was just telling my husband the other day, ‘If this apartment matter cannot be resolved, we may just abandon this apartment,’ she said. ‘I am tired of everything.'”

“But walking away from loan payments would negatively affect the family’s credit, which would affect her children’s education and the family’s travel plans. In China, defaulted debtors are often put on a ‘credit blacklist,’ which forbids debtors from sending their children to private schools, traveling by high-speed trains and planes, and borrowing more loans from banks. ‘To put it simply, this is a bottomless hole,’ she said.”

“Presales are so widely used that it is often hard for home buyers to purchase new homes without paying in advance — and Chinese buyers strongly prefer new over ‘second-hand’ homes. “Everybody was using presales. There were no ‘readily available homes,’ said Jack Li, another Qifucheng home buyer.”

“Li said if given another chance, he would not buy a presale home. Instead, he would choose to buy a second-hand apartment. ‘Now so many apartments are unfinished,” he said. ‘I live in Urumqi now. There are many unfinished buildings as well. When I saw them, I thought of my own unfinished building.’ He said he used credit cards and borrowed money from relatives and friends to finance his apartment, which cost around 670,000 yuan.”

“Li said he last visited Qifucheng in July, and there was no one there. The buildings’ basements were inundated with polluted water.”

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This Post Has 93 Comments

  1. ‘The median listing price in the Philadelphia metro region — which includes the Camden and Wilmington areas and parts of Maryland — was $320,000 in October, down about 8% compared with the same time last year’

    That sounds like a pretty large area. Good thing everybody put 20% down!

    The K-da money laundering article and the last link are worth reading in full. It’s unbelievable how crooked K-da real estate is. This is Chinese mafia, some awful people. Remember the guy who cut somebody up into 1 thousand pieces?

      2. If you have never sicced your dog on a realtor, that canine has not fulfilled his higher purpose in life.

    2. I’m surprised that “parts of Maryland” are considered the Philly metro area. That upper corner of Maryland is much more connected to Baltimore. Actually, Baltimore, Wilmington/Newark, and Philly are distinct enough that Wilmington could be its own metro area.

      2. Elkton, MD, a mid point along I-95, is 52 miles from Philly and 53 miles from Baltimore. Baltimore is 38 miles from DC.

  3. ‘At first, I still held some hope. Now I have zero hope. I don’t know what hope means. I don’t know where hope is’

    denial
    anger
    bargaining
    depression <- Zhang, you are here.

  4. ‘A couple months ago, a Sunset Strip house sold for $14 million – exactly $5 million less than the sellers had paid in 2014. Months before that, another nearby house sold for $12.5 million, a $7.3 million loss for the seller. These aren’t anomalies, either — sellers of other neighborhood properties have lost as much as $10.5 million or ‘got lucky’ with only a $3 million penalty’

    That’s some red hotcakes right there.

    1. “Fox News host Lara Logan provoked outrage on Monday after she drew a link between Dr. Anthony Fauci and Josef Mengele, the Nazi doctor known as the “Angel of Death” for performing experiments on Jews at Auschwitz during World War II.

      “This is what people say to me: He doesn’t represent science,” the former “60 Minutes” correspondent said of Fauci, the longtime director of the National Institute of Allergy and Infectious Diseases.

      “He represents Josef Mengele … the Nazi doctor who did experiments on Jews during the Second World War in the concentration camps. And I am talking about people all across the world are saying this!” she added, without giving any examples. “Because the response from COVID. What it has done to countries everywhere. What it has done to civil liberties. The suicide rates. The poverty.”

        1. Last night Beanie Boy said that Cuomo put elderly people in COVID-stricken nursing homes because he didn’t want to give Trump a win by using the hospital ships that Trump had provided.

          1. We’ve known this for well over a year. Talk of Cuomo being responsible for thousands of nursing home deaths was dropped in favor of his staff’s hurt feelings.

        1. It’s amazing what this monster gets away with. It just goes to show how utterly compromised our justice system has become.

    1. My prediction is for Klaus Schwab’s bullet ridden corpse getting unceremoniously getting dumped in a landfill.

      Nobody ever elected these globalists to govern anything.

    2. They come right out and tell you what they plan for this World. Obviously this agenda isn’t anything that populations voted for. They want to own and control everything down to what you get to eat, forced vaccines all the time.
      Anybody that doesn’t see by this time that its a invasion for a One World Order Dictorship is really out of it. They don’t want normal again, they are going for Medical Tyranny, Great Reset, you won’t own anything and like it. Build Back Better in the vision of people like Bill Gates, Dr Fauci, Klaus Schwab and George Soros, and about 1000 Globalists Monopoly Corporations.

    3. Someone’s gotta own these things. Push up the price enough and it limits that group.

      “If you told a person in the 1950s that in 2020, housing would cost over 50% of income, college would take a lifetime to repay, families could barely make do even with mom working, and we were locked in endless wars, and government was paralyzed by crisis – they’d assume we lost the Cold War.”

  10. This is a pearl clutching article.

    Washington Post — Coronavirus posturing is the new Trumpism (11/29/2021):

    “Views of the pandemic response on the right are leveraging the same impulses that first brought Trump to power. Trump pledged to stick it to the elites and to reject social prohibitions such as “political correctness.” Now, vaccine opponents on the right are sticking it to elites like Anthony S. Fauci, the country’s top infectious-disease expert, and President Biden by thumbing their noses at vaccines and mask-wearing while they embrace a do-what-I-want ethos. Vaccine opposition is the new Trumpism.”

    https://archive.md/hKJzM

    Note that the article incorrectly states that Trump lost the 2020 election.

    P.S. the only good globalist is a dead globalist ☠

  12. These aren’t anomalies, either — sellers of other neighborhood properties have lost as much as $10.5 million or ‘got lucky’ with only a $3 million penalty.”

    Entirely predictable, when you live in a one-party commie-run state that’s sliding into dystopia.

  13. But with no takers, the price quickly fell to $17 million, and records reveal the place closed off-market for a bargain-bin $12.5 million — a $5 million loss before realtor fees, taxes, other closing costs and three years of maintenance.”

    It was only Yellen Bux.

  14. ‘The cure for high prices is high prices,’ noted economist Austan Goolsbee said at the recent Urban Land Institute conference in Chicago – meaning that at some point, people will stop buying houses until prices become more reasonable.”

    No, the cure is to put an end to the criminal private banking cartel called the Fed and its radical Keynesian monetary malpractice.

  18. This is a bedwetting article.

    Salon — Investigative reporter David Neiwert: Rittenhouse verdict a “green light for right-wing extremists” (11/30/2021):

    “In this conversation, Neiwert argues that Republicans and their paramilitary supporters are escalating their preparations for a civil war against Democrats, liberals, progressives and other “enemies.” In his view, last week’s verdict in the Kyle Rittenhouse trial will further encourage right-wing terrorism and other acts of political violence, because it will be perceived on the right as permission or encouragement for white vigilantism.

    Neiwert warns that the Democrats and many of their supporters, along with the mainstream news media, consistently underestimate the extreme danger to American society posed by right-wing militias and the larger “Patriot” movement.

    At the end of this conversation, Neiwert shares his concerns that right-wing political violence in America is almost certain to escalate and that too many Americans, especially liberal political elites, remain in a state of profound denial about what will probably follow.”

    https://archive.md/40q57

    I share these articles here (always using the Archive website) so we can learn about and discuss how divorced from reality these globalists are.

    Burn Loot Murder activist drives through a parade? Media silence…

    1. At this point in time, it is clear that the two sides are so different in terms of how they view things and what they want for the future, that trying to remain one united body is, practically speaking, impossible. And I’m ok with that. I just have to move first.

    2. They are correct. Before I die I will hopefully off one of them. Being a N. Florida resident, Ben Crump would be a good starting point.

  19. The Financial Times
    Kaisa Group Holdings Ltd
    Kaisa bondholders reject company offer aimed at avoiding default
    Indebted Chinese developer seeks to extend maturity of debt as payment looms next week
    Kaisa’s City Plaza development under construction in Shanghai, China
    Kaisa’s City Plaza development under construction in Shanghai, China. The company has become embroiled in a liquidity crisis in the country’s property sector
    © Qilai Shen/Bloomberg
    Tabby Kinder in Hong Kong and Leo Lewis in Tokyo 2 hours ago

    Offshore bondholders in Chinese property developer Kaisa have rejected an offer by the ailing group to extend the maturity of their debt and avoid a messy default next week, according to a letter to the company’s chair seen by the Financial Times.

    The move could deepen a crisis at Kaisa, one of China’s most indebted developers, which has launched a fire sale of its assets in a bid to meet liabilities that include about $3bn of dollar bonds that will come due in the next 12 months.

    A group claiming to represent more than 50 per cent of the investors in some of its most pressing debt — a $400m bond that will mature on December 7 — wrote to Kaisa on Tuesday to say that a proposal it made late last month to exchange the bonds was “unacceptable”, according to the letter.
    …

    1. There are some problems with this rant, some large logical pitfalls. For one, spectral analysis (which I’ve performed) will tell you what chemical bonds are present, but they won’t tell you the physical shape of the molecule (AKA razor blade).

      Beware of people who use “Dr.” as their pronoun, who have a PhD in something other than medicine. He pretends to understand how stuff works in the body but he is not expert in medicine at all. Just sayin.

      If he’s so damned sure about this, did he try to speak with one of his “peers” at one of the Pharma companies?

      1. He is a pre-eminent chemist.
        His findings on a nano scale are new information and explain the plausible dropping dead of so many athletes.
        Physics does not require logic and logic does not solve physics.

      4. He pretends to understand how stuff works in the body but he is not expert in medicine at all.

        Moreover, he admits that the mRNA vaccine technology is complex yet dismisses it as a diversion in favor of speculation that graphene oxide or hydroxide is in the “vaccine” formulations. AFAIK, the general public isn’t privy to the contents of the “vaccine” vials. I doubt that they’ve undergone proper quality assurance and control (see, e.g., Moderna’s metallic particles). I’ve seen attempts to string together patent disclosures (remember I know from first hand experience that everything including the kitchen sink is thrown into those for legal reasons) to conclude that graphene oxide is present. I personally don’t have to go down the graphene oxide rabbit hole to conclude that the jabs pose more risk than benefit.

    2. This doctor is (was) the leading expert on carbon in Europe and perhaps the world.
      His scientific findings are chilling and takes this jab to a new level.

      1. the leading expert on carbon

        That’s interesting. How do you know that?

        I did notice that he was confused about oxide vs hydroxide (corrected by whoever did the dubbing). Probably was just excited.

  21. Twitter’s new policy means no more Andy Ngo videos 🙁

    “Sharing personal media, such as images or videos, can potentially violate a person’s privacy, and may lead to emotional or physical harm. The misuse of private media can affect everyone, but can have a disproportionate effect on women, activists, dissidents, and members of minority communities.”

    https://townhall.com/tipsheet/leahbarkoukis/2021/11/30/new-twitter-policy-n2599834

    Sounds like they’re running cover for Pantifa and Burn Loot Murder.

    Globalists gonna globe.

      1. I agree 100%. Conservatives with FB and Twitter and Instagram accounts are part of the problem, no matter how much they complain about censorship.

    2. “a disproportionate effect on women”
      Like all of Instagram? Yes I support that, we should do away with all social media that harms women. And the world would be a better place

      1. “…we should do away with…”

        …the pink pedals and tiddy drops? Does that mean going to college, as in cooperate and graduate? Yikes!

  22. ”

    “With a kid in kindergarten and another in primary school, Zhou said she needs to spend at least 10,000 yuan per month to pay for expenses associated with rent, her two children’s education, a car loan, and this housing loan. “

    what, they don’t have free public schools, used beater corollas & mobile home parks in china!?!?

    2. Everything is dropping today. Looks like it started when Powell opened his mouth. He basically said inflation isn’t really transitory, and that they won’t let inflation rise forever. I guess that’s code for rising interest rates?

    3. “what is perplexing stonk HODLers?”

      Cratering prices. And as a noted economist stated so eloquently, “nothing accelerates the economy and creates jobs like falling prices to dramatically lower and more affordable levels… nothing”, hence all is well.

      San Rafael, CA Housing Prices Crater 14% YOY As Bay Area Rental Rates Drop Like A Rock

      https://www.movoto.com/san-rafael-ca/market-trends/

    4. The fear that the Fed might be cornered.

      We’ve got an election coming up in 2022. No politician wants to tank the markets before an election. However, if inflation is no longer transitory, another set of voters dislikes that quite a bit. So it’s a balancing act – trying to reign in inflation while also keeping the party going with stonks and real estate. The top 20% has an outsize influence on social discourse and donations, and the top fraction of 1% has the ear and pocketbooks of politicians in a symbiotic embrace. BUT… the bottom 80% has a lot of votes. Interestingly enough voting hasn’t been outlawed even though it’s heavily influenced in allowing only vetted candidates.

      The Greenspan put was replaced by the Bernanke firehose. “Can’t allow assets to drop in price because mathy economics, you wouldn’t understand, just know we screw you because we love you”. Can’t allow market discipline either apparently when smoothbrains will pay any price, and that enriches the right people.

  25. “The housing market is not likely to implode like it did in 2008, when it ushered in what’s now known as the Great Recession.”

    Again, when have UHS or real estate economists predicted a housing implosion?

    Ben covers a lot of high end implosion (like today); I’ve noticed a weakness in low end (condos) in my local area.

    1. ‘This Manipulation Will Go On Forever’

      They will never give the All Clear. Never. And they know they can get away with this as long as enough people live in the grip of fear. And with each passing year, people will surrender more and more of their freedoms for an illusory safety, until we find ourselves living in the WEF’s “You’ll own nothing and be happy” dystopia. What will be next? A Logan’s Run like society, where everyone is eventually euthanized even though they are in good health?

      1. And they know they can get away with this as long as enough people live in the grip of fear.

        I don’t fear the virus, I fear the response to it. Not literally, but figuratively. Literally I’d like to kick these globalist cvcks’ teeth in.

        1. “the response to it”

          I’m moving to another building in my neighborhood (managed by the same property management company) soon.

          The new building has a much larger fitness room with more machines / weights. This is not the primary reason I am moving, but it’s certainly a factor.

          All of the metro Denver / Boulder Front Range counties brought back the cuck mask mandate last week, and I sincerely feel they’ll prolong this unscientific medical tyranny as long as possible.

          I’ve been thinking about getting a gym / rec center membership again for a while now, but held back because I suspected that as soon as I paid the money for it, they would bring back the cuck masks.

          Also been thinking about buying a 3-pack or 4-pack of ski lift tickets for this season, but I won’t, because these cucks are going to make people wear masks in lift lines and riding on chairlifts.

          So sick of all of this sh*t. But grateful I work for a smaller company that doesn’t play along with all this CCP Flu fraud.

          Any business that requires wearing cuck masks is a business telling me not to spend my money there.

  27. Podcast king Joe Rogan demanded to know to why “no one is being held accountable,” within the media over the almost four year long fake ‘Russian collusion’ narrative, pointing out that “the collusion between the media and the government is pretty apparent.”

    Video: Joe Rogan Wants To Know Why “No One Is Being Held Accountable” Over ‘Russian Collusion’ Fake News – Summit News
    https://summit.news/2021/11/30/video-joe-rogan-wants-to-know-why-no-one-is-being-held-accountable-over-russian-collusion-fake-news/

  28. Some good soundbites:

    Dr. Oz confirms he’ll run for Senate, slams ‘elites’ for handling of pandemic

    The reality of our challenges has crystallized during the pandemic,” Oz added. “COVID-19 became an excuse for the government and elite thinkers who controlled the means of communication to suspend debate. Dissenting opinions from leading scholars were ridiculed and canceled so their ideas could not be disseminated.”

    Oz blamed the government for causing “unnecessary suffering” and that “the public was patronized and misled instead of empowered.”

    “We were told to lock down quietly and let those in charge take care of the rest. When we tested positive for the virus, we were also told to wait at home until our lips turned blue and we got sick enough to warrant hospitalization. To be clear, this is not a typical medical protocol,” he continued. “Elites with yards told those without yards to stay inside, where the virus was more likely to spread.“

    What we have is a narcissistic billionaire and hundred millionaire problem, and a corrupt-to-the-core government doing their bidding. This was never about science and public health, it was about mentally ill rich thugs playing games with peoples’ lives because, having more money than they could ever possibly spend, they want to control people to get themselves off.

    1. It always brightens my day when I read our esteemed blog host talking about ropes.

      F*ck these globalists, and every slimy sh*tbag doing their bidding. You were never elected by anybody, to govern anything, and at the conclusion of the next round of Nuremburg Trials, your heads will become separated from your bodies.

      P.S. to the author of the Salon article linked above on this thread, we are the leaderless resistance, and we are not afraid of petty little ankle biters like you…

        1. That elbow would only get you 2 minutes in the penalty box in a hockey game. 5 minute major if it knocked some teeth out or drew blood. 🙂

  30. Kyle Rittenhouse Trial: RAW BodyCam Footage of NBC Producer Following Jury Vehicle

    17,219 views
    Nov 30, 2021

    151 Comments

    CandymanChriss
    3 hours ago
    This is absolutely wrong. Everyone involved in this following of the jury should be charged.

    Beaue J Dalby
    3 hours ago
    Producer on the phone: We were respectfully trying to intimidate the jury from a distance by following them….and this is whats wrong with the mainstream media these days. They think there are no repercussions from any of their actions and they can do what they want and say what they want. MAKE EM PAY KYLE!!!!

    Robert B
    2 hours ago (edited)
    In the UK we call this “perverting the course of justice” and it’s an immediate jail sentence of x amount of years. It can also carry a life sentence.

    https://youtu.be/SVd3p9wJJVo

  31. The Drifters – Under The Boardwalk

    https://youtu.be/uNbmmclS3Uo

    Here We Go Again: Illegals Gather Under Del Rio Bridge
    Familiar scene plays out in South Texas as border onslaught continues

    By Dan Lyman Tuesday, November 30, 2021

    Hundreds of illegal aliens congregated in recent days under a bridge in Del Rio, Texas, according to reports.

    Just two months after thousands of Haitian migrants illegally entered the United States and formed a massive camp near the Del Rio-Ciudad Acuña International Bridge, a familiar scene began playing out in the same region.

    Get back in the game, jump on our major sale at the store now!
    Footage of another large group of migrants gathered below the busy highway was shot and published by Real America’s Voice correspondent Auden Cabello during the weekend.

    https://twitter.com/CabelloAuden/status/1465013012033523719?s=20

  32. I have to wonder if books about MMT and modern monetary policy (seize national wealth by printing, give it to the right people, and yadda yadda we all (!) get rich) will seem comical and idiotic to people in the future, or if they will appear to be deeply insightful wisdom.

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

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

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

  35. Whether fueled by fear or irrational exuberance, greed has, and will always be the primary root cause of financial disasters…whether it’s stocks, real estate or beanie babies.

    I still vividly remember in 2009 my Barber telling me of losing his house due to the re-setting of his variable rate loan. I asked him if he knew the loan was VR when he signed it. He said, “hell no! The woman who processed the loan was from our church. She told us it was fixed-rate and said “just sign here and you’re all set.” She did the same thing with several others from our church. We all trusted her and got screwed.”

    I asked him if they confronted her. He said, “right after the meltdown, she skipped town.”

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