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Homeowners Are Heavily In Debt, Maxing Out The Equity On Their Over-Priced Homes

A report from Mortgage Professional America. “‘Bidding wars are still happening, but buyers are starting to get more breathing room,’ said Jill Thompson, a Redfin agent in Indianapolis, where the bidding-war rate dropped to 36.8% in November from 73.6% in October. ‘A few months ago, the typical home was going for $15,000 to $20,000—sometimes even $50,000—over the asking price. Buyers were paying cash, waiving inspection contingencies, and overlooking necessary repairs in order to win,’ Thompson continued. ‘Today, buyers are more cautious about overpaying, aren’t waiving inspections as freely as they were in the spring, and feel less of a rush to commit to a house after the first tour.'”

From ABC 7 Chicago in Illinois. “‘The market has softened a bit; the market has regulated a bit to some extent in the suburbs. Whereas a couple of months ago, with those dozens of offers I mentioned, now it’s maybe three or four who are up against a buyer. So there are some opportunities here to enter the market,’ said Samantha Jones, with the Homes By Jones Team – Coldwell Banker Realty, located in the western suburbs.”

The Augusta Chronicle in Georgia. “An Augusta apartment building owner who fraudulently obtained a near $3 million loan then compounded the crime with bankruptcy fraud and lying under oath was convicted Tuesday night of federal crimes. The U.S. District Court jury convicted Jerome W. Kiggundu, 37, of bank and bankruptcy fraud, and false statements under oath. The crimes are punishable by up to 30 years in prison.”

“The loan was based on Kiggundu’s claims that he had a monthly operating bank balance of about $100,000 when it was actually $500 or less. He also claimed ownership of property in Enid, Oklahoma, in which he had $2.15 million in equity. Kiggundu used the Augusta apartment building as collateral for the Red Oak loan.”

From Hey Socal in California. “Two men involved in a $15 million mortgage fraud scheme in Orange County pleaded guilty and are set to be sentenced Jan. 10, according to court records obtained Friday. Jimmy Phan, 47, and Vinh Phan, 46, both pleaded guilty on Thursday, according to court records. The Phans are not related. Co-defendant Stephen Nguyen, 59, is a fugitive.”

“Jimmy Phan and Vinh Phan pleaded guilty to multiple felony counts of grand theft, mortgage fraud, attempting to file a false or forged instrument and admitted sentencing enhancements for aggravated white collar crime exceeding $500,000. The defendants are accused of acquiring property ‘and using them as collateral to borrow large amounts of money from lenders and private parties for short terms and high interest,’ an Orange County District Attorney’s investigator said in a bail petition.”

“Some of the payments were made, but the lenders did not know the defendants ‘would record forged conveyances (an instrument to indicate that the loan was paid),’ prosecutors alleged. ‘Then they would take the advantage of the title being free from the first loan and obtain a second loan,’ prosecutors alleged. ‘The second lender would fund the loan with the belief the property was free and clear,’ prosecutors alleged.”

“The second loans were sometimes used to finance acquisition of property with an ‘arms length buyer,’ who was ‘in fact in collusion with the seller to inflate the value of the property or to give the appearance of legitimacy,’ prosecutors alleged.”

The North Bay Business Journal in California. “Two San Francisco real estate investors just completed the purchase of the largest portfolio of North Bay commercial real estate in 16 years, moving the unwinding of a Novato-based investment company’s Ponzi scheme into a new chapter. Hamilton Zanze Real Estate Investments and affiliated firm Graham Street Realty together with New York-based Davidson Kempner Capital Management on Wednesday closed escrow on 60 of upward of 70 properties that were the backbone of the late Ken Casey’s companies Professional Financial Investors and Professional Investors Security Fund.”

“The deal price for the more than 1.4 million square feet of commercial and multifamily space in Marin and Sonoma counties was $436.5 million. That includes 935 residential units and about 680,000 square feet of commercial space. The transaction netted roughly $140 million to the bankruptcy estate, after many of the banks that had senior equity positions on the properties had been paid in full, said Ori Katz, one of the attorneys representing the debtors.”

The Seattle Daily Journal of Commerce in Washington. “The fairly new Odessa on Lake Union, at 3120 Harvard Ave. E., has sold for almost $6.2 million, according to King County records. The seller was a court-ordered receiver for 3120 Harvard LLC. That entity, associated with Barcelo Homes, acquired the Eastlake project in 2018 for almost $1.4 million. Odessa began life under different ownership as a congregate apartment building, and Barcelo appears to have bought it while under construction. Several liens were later filed.”

From Now Toronto in Canada. “The Toronto Regional Real Estate Board (TRREB) is opposing councillor Mike Colle’s motion to implement a speculation tax on investment buyers who are driving up property prices and making the city impossible for first-time home buyers trying to gain a footing.”

“‘A speculation tax could primarily impact small-scale ‘mom and pop’ investors who also happen to be a key source of supply for an already tight rental market,’ said TRREB president Kevin Crigger, painting a quaint picture of the investors bidding up prices in the Toronto real estate market. The average price for a home was $1,163,323 in November, with detached 416 homes averaging $1,807,983. ‘Experts, including TRREB, agree that policies aimed at the demand side of the market will not have any sustainable long-term benefits.'”

“TRREB also cites a since-abandoned provincial Speculation Tax in 1974 that affected equity on homes. A similar outcome would be substantial today since homeowners are heavily in debt, maxing out the equity on their over-priced homes.”

The Business Post. “Wealthy Asian investors, who have snapped up more than a thousand Irish homes in recent years, have started to divest from the Irish housing market amid fears of a property crash in China. The new trend comes as part of a wider move by Chinese investors worldwide to divest from property after debt concerns were identified at Evergrande, the embattled real estate giant.”

From Bloomberg. “Chinese property stocks tumbled close to a new five-year low after a series of asset sales underscored concern that equity investors will bear the brunt of losses as developers offload projects to repay debt. Shimao Group Holdings Ltd. agreed to sell stakes in a Hong Kong development at a loss while Sunac China Holdings Ltd. unloaded assets in Shanghai as developers seek to raise cash.”

“The rout in developer shares means the richest bosses behind China’s real estate firms have lost more than $46 billion combined this year, according to the Bloomberg Billionaires Index. Evergrande founder Hui Ka Yan’s wealth alone has plunged by $17.2 billion.”

“December is poised to be a record month for Chinese offshore corporate defaults after missed payments by indebted companies including China Evergrande and Kaisa Group Holdings Ltd. Chinese firms have defaulted on a record $3.8 billion in offshore bonds so far this month, data compiled by Bloomberg show. The previous monthly high was in January when Chinese borrowers failed to repay $2.7 billion of such notes.”

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This Post Has 141 Comments

  1. ‘Whereas a couple of months ago, with those dozens of offers I mentioned, now it’s maybe three or four’

    That was fast Sam. Although I’m pretty sure there were never dozens of offers in that sh$thole.

  2. ‘The second lender would fund the loan with the belief the property was free and clear’…The second loans were sometimes used to finance acquisition of property with an ‘arms length buyer,’ who was ‘in fact in collusion with the seller to inflate the value of the property’

    Wa? Orange County to the moon Alice! Why would they need to inflate the price? Just wait a few months and rake in that sweet equity! Unless of course, that’s just not the case.

      1. ‘it’s a complex multi-pronged approach that also applies consistent equity metrics across the board to create climate solutions and avoid unintended consequences’

        1. “I know that you believe you understand what you think I said, but I am not sure that you realize that what you heard is not what I meant.” – Robert J. McCloskey

  3. ‘‘A few months ago, the typical home was going for $15,000 to $20,000—sometimes even $50,000—over the asking price. Buyers were paying cash, waiving inspection contingencies, and overlooking necessary repairs in order to win’

    Yes, winnahs!

    1. The downhill side of this pandemic bubble price blowout is going to be a doozy. Nobody could have seen it coming!

  4. ‘December is poised to be a record month for Chinese offshore corporate defaults after missed payments by indebted companies including China Evergrande and Kaisa Group Holdings Ltd. Chinese firms have defaulted on a record $3.8 billion in offshore bonds so far this month, data compiled by Bloomberg show. The previous monthly high was in January when Chinese borrowers failed to repay $2.7 billion of such notes’

    So we got a bookend of crater for an entire year. Are we there yet?

    1. very interesting that the financial press (and the rating agencies) did not seem to talk much about the unpaid January amounts ($2.7B). It could have been insight for the investors ….

      1. Au contraire mon frère! We read repeatedly that Evergrande had made “last minute” payments when the globalist scum media and raters knew this was just not true. Now why would they do that?

        1. From an accounting standpoint, how is it that the HBB, having viewed ADV China’s videos over the years, knows these airboxes, etc are crumbling junk, yet these raters don’t? An auditor has the responsibility to physically observe the inventory for collateral, for example. So with trillions at stake, they never sent someone over to actually look at the buildings?

          1. They do it by the US appraiser method…… drive by, make the call from the car, done…..(and another lucky borrower gets pronged).

          2. “…They do it by the US appraiser method…… drive by, make the call from the car, done…”

            Driving by is soooo last century. Why drive by when appraiser could be teeing up at the country club?

            Just use Google street view. Done.

        2. I must have (missed) the January missed payments – probably my fault …

          But this Dec defaults are 70% of January – i would have thought that it would have been an overwhelming amount of crackling in the financial press. But yes – should have paid more attention.

  6. ‘A speculation tax could primarily impact small-scale ‘mom and pop’ investors who also happen to be a key source of supply for an already tight rental market,’ said TRREB president Kevin Crigger, painting a quaint picture of the investors bidding up prices in the Toronto real estate market. The average price for a home was $1,163,323 in November, with detached 416 homes averaging $1,807,983. ‘Experts, including TRREB, agree that policies aimed at the demand side of the market will not have any sustainable long-term benefits’

    This is an example of bubble watching that escapes the libertarian with his sensibilities in a wad. I don’t necessarily advocate speculator taxes. I’m just observing the reactions to what I see as a bubble. If some political reaction occurs in the many socialist sh$tholes, is that something I wanted or thought desirable? Of course not.

    1. Maybe I mistakenly lumped you in with the handful of posters here who cheer every time the socialists pass a law to ban STRs. I was pretty certain you previously have done likewise when people’s property rights were taken away. If I am mistaken, I apologize.

  7. ‘Companies that thrived in last year’s lockdown environment are some of this year’s biggest losers. Peloton Interactive Inc. has lost more than 70%, while Zoom Video Communications Inc. is off by about half in 2021. Lemonade Inc. and Zillow Group Inc. have each also declined more than 50%.’

    ‘The so-called diamond-handed investors, retail traders who held tight when their favorites like AMC Entertainment Holdings Inc. started to wobble, haven’t been as successful. AMC has plunged 60% since its June high. GameStop Corp. has dropped 50% since then.’

    “Diamond hands got cold and put mittens on,” Gokhman said. “Nobody seems to be buying the dip on meme ‘stonks’ and so without an uplift they’re falling with the grace of an icicle caught in a gust of winter winds. When it comes to the Fed, Powell will reiterate what he said in the testimony. No more Mr. Dove Guy.”

    https://finance.yahoo.com/news/havoc-playing-below-surface-stock-211041632.html

    1. The sum total intrinsic value of all crytocurrencies ever “mined” adds up to one big fat zero. When the Greater Fool supply dries up & these worthless digital tokens go bidless, the stampede for the exits is going to be comedy gold.

  9. More sensibilities in a wad!

    ‘Leading California cannabis companies warned Gov. Gavin Newsom on Friday that the state’s legal industry was on the verge of collapse and needed immediate tax cuts and a rapid expansion of retail outlets to steady the shaky marketplace.’

    ‘The letter signed by more than two dozen executives, industry officials and legalization advocates followed years of complaints that the heavily taxed and regulated industry was unable to compete with the widespread illegal economy, where consumer prices are far lower and sales are double or triple the legal business.’

    ‘Four years after broad legal sales began, “our industry is collapsing,” said the letter, which also was sent to legislative leaders in Sacramento.’

    ‘The industry leaders asked for an immediate lifting of the cultivation tax placed on growers, a three-year holiday from the excise tax and an expansion of retail shops throughout much of the state. It’s estimated that about two-thirds of California cities remain without dispensaries, since it’s up to local governments to authorize sales and production.’

    ‘The current system “is rigged for all to fail,” they wrote.’

    “The opportunity to create a robust legal market has been squandered as a result of excessive taxation,” the letter said. “Seventy-five percent of cannabis in California is consumed in the illicit market and is untested and unsafe.”

    “We need you to understand that we have been pushed to a breaking point,” they told the governor.’

    https://www.kxxv.com/news/california-pot-companies-warn-of-impending-industry-collapse

    1. So did the government actually fleece the industry/investors for once. I am not sure that i am that upset about the situation.

    2. no one here in CA pays mary jane taxes in some store w/facial recog software cameras. we get our doobies from matt in his van down by the river.
      sometimes he gets carried away yammering on a bit but he’s alright. give him yer moms phone # for half off.
      (ok, not her real number)

    3. It might have seemed like a money tree to sell pot legally but everyone wants to get involved, least of which government. We have pot shops here by the truckload in Maine. Maybe some need it medicinally. I don’t know what shop owners expect with a product that can be grown legally by a resident for the most part. It was a dotcom moment IMHO.

  10. ‘San Francisco Mayor London Breed on Friday declared a state of emergency in the city’s Tenderloin neighborhood, an area that sits near City Hall and that officials have long said is rampant with drugs and crime in response to overdose deaths.’

    ‘The policy came days after Breed promised an aggressive crackdown on crime in the city in which she specifically cited the Tenderloin as an area plagued by open-air drug dealing, crime and unsanitary conditions on the streets.’

    “There is clearly in the Tenderloin community, with the conditions of not just the people in the streets, but the people living there and the people suffering that we are in a crisis and we need to respond accordingly,” she said at a news conference Friday. “Too many people are dying in this city, too many people are sprawled all over our streets.”

    https://1010wcsi.com/fox-news/san-francisco-mayor-declares-state-of-emergency-in-response-to-drug-overdose-deaths/

    1. File this under “Libtards reaping what they voted.” The criminal element can cavort with impunity in Democrat-malgoverned municipalities with “woke” police & judiciaries staffed by corrupt, incompetent diversity hires and Soros plants out to subvert the criminal justice system from within.

      1. what they voted

        My recall ballot still hasn’t been counted even though I dropped it in a “secure” yellow bag alongside my husband’s counted ballot.

    2. ‘Too many people are dying in this city, too many people are sprawled all over our streets’

      i·ro·ny1
      /ˈīrənē/

      noun: irony

      -the expression of one’s meaning by using language that normally signifies the opposite, typically for humorous or emphatic effect.

      -state of affairs or an event that seems deliberately contrary to what one expects and is often amusing as a result.

      -a literary technique, originally used in Greek tragedy, by which the full significance of a character’s words or actions are clear to the audience or reader although unknown to the character.

      1. I support San Francisco’s lenient policies regarding drug use and crime.

        Everybody needs to live somewhere and I find it benificial (and amusing) that S.F. offers sanctuary to these people.

        1. A Survivor’s Perspective on San Francisco’s Drug Crisis – The New York Times
          https://www.nytimes.com/2021/04/26/us/san-francisco-drug-crisis.html

          (snip)

          “A lifelong Democrat, Mr. Wolf says he shares the goals of harm reduction in San Francisco. But he argues that some of the programs that the city funds, like handing out foil and straws to fentanyl users, cross the line into enabling drug use.

          “The city’s nonjudgmental approach to drug use is hurting the people it is meant to help, he says.

          “’The Tenderloin has always been the drug users’ and dealers’ epicenter in San Francisco,’ Mr. Wolf said. ‘But in recent years, you’ve created the environment of easy access to drugs 24/7.’

          “’It’s nearly impossible to get clean and it’s impossible to stay clean,’ he said.”

  11. “The Toronto Regional Real Estate Board (TRREB) is opposing councillor Mike Colle’s motion to implement a speculation tax on investment buyers who are driving up property prices and making the city impossible for first-time home buyers trying to gain a footing.”

    Of course they are. These corrupt REIC scum have made it just about impossible for anyone under 35 to even think about ever owning their own homes or starting a family.

    1. Is this really a big deal? How many people live in LA, a few thousands? And this is California pesos right, so we gotta figure this into real money don’t we?

  13. “Wealthy Asian investors, who have snapped up more than a thousand Irish homes in recent years, have started to divest from the Irish housing market amid fears of a property crash in China.

    Globalist scum who sell off formerly sovereign countries to the highest bidder need to be held accountable by those whose birthright they’ve betrayed.

  14. ‘Lately, the news is like an infomercial for emergencies. “Emergencies! They’re not just for emergencies anymore!”

    ‘With less than two weeks until Christmas, Gov. Gavin Newsom returned from a vacation in Mexico and a book tour in New York and told Fox 11’s Elex Michaelson that the emergency in California is ongoing. When will it end? “We’ll know it when we experience it,” the governor said cryptically.’

    ‘The cost of all this greenness has crossed the minds of some of L.A.’s elected officials. “With this legislation,” co-author Nithya Raman explained, “we are signaling that we are committed to ensuring that decarbonizing buildings will not lead to rising rents and utility costs for rent-burdened Angelenos or the slowing of housing production.”

    ‘But how, you wonder?’

    ‘Here’s how it was explained by Marta Segura, director of the city’s Climate Emergency Mobilization Office. “How will we achieve equitable climate policy? Well, it’s a complex multi-pronged approach that also applies consistent equity metrics across the board to create climate solutions and avoid unintended consequences.”

    ‘That clears that up.’

    https://www.dailynews.com/2021/12/14/another-emergency-in-a-state-that-thrives-on-them/

    1. Well, it’s a complex multi-pronged approach = we don’t know how
      “that also applies consistent equity metrics across the board” = diversity hires
      ” create climate solutions and avoid unintended consequences.” = we don’t bet blamed for screwing everything up

    2. we are signaling that we are committed to ensuring that decarbonizing buildings will not lead to rising rents and utility costs for rent-burdened Angelenos

      Which just goes to show, no matter how bad things (rents, utilities) are, they can get a lot worse.

  17. Another day, another Chinese outfit you never heard of stiffs the gringos bigly:

    ‘Fitch Ratings has downgraded the Long-Term Foreign-Currency Issuer Default Rating (IDR) on China-based homebuilder Risesun Real Estate Development Co.,Ltd. to ‘C’ from ‘B’. The senior unsecured ratings have also been downgraded to ‘C’ from ‘B’, and the Recovery Ratings remain at ‘RR4’.

    ‘The downgrades follow Risesun’s announcement that it has launched an exchange offer and consent solicitation to exchange USD292 million of bonds outstanding due on 18 January 2022 and USD488 million bonds outstanding due on 24 April 2022 for bonds due in 2024 or 2023. We obtained the announcement from the Singapore Exchange.’

    ‘Fitch considers the effective extension of the bond maturity by 12-24 months as a distressed debt exchange (DDE) as per its criteria.’

    https://www.fitchratings.com/research/corporate-finance/fitch-downgrades-risesun-to-c-on-distressed-debt-exchange-20-12-2021

    2. The sad thing is that they can move the goal posts with impunity. The average Joe has long forgotten the initial promises of immunity.

  20. But…but…muh booster shot!

    ANOTHER member of Congress tests positive: Vaccinated and boosted Rep. Jason Crow confirms infection after Democratic Senators Warren and Booker and furthers Omicron outbreak fears at the Capitol

    https://www.dailymail.co.uk/news/article-10329047/THREE-lawmakers-test-positive-Rep-Jason-Crow-confirms-COVID-case-Senators-Warren-Booker.html

    Democrat Rep. Jason Crow of Colorado announced he tested positive for COVID-19 on Sunday night, hours after Massachusetts Senator Elizabeth Warren and New Jersey Senator Cory Booker tweeted news of their own diagnoses.

    The spate of new infections among Democratic lawmakers is further fueling fears that the Omicron variant causing chaos around the globe has worked its way inside the United States Capitol.

    1. Suddenly there is an explosion of alleged new cases infecting far left puppets and I say nay.
      I don’t believe a one of these stooges has Covid, the variant, or anything other than a saline jab.
      It’s more deception from the professional gaslighters.

    2. Some info from John Campbell’s youtube. Feel free not to like.

      Denmark: Aspiration with the needle during injection:
      Total vaccinated with mRNA vaccine = 4,304,710
      Total myocarditis + pericarditis = 129 (0.003%)
      One case in 33,369

      Norway: NO aspiration with the needle during injection:
      Total vaccinated with mRNA vaccine = 3.765.354
      Total myocarditis + pericarditis = 274 (0.0073%)
      2.4 times more cases in Norway
      ——————

      Takeaways:
      1. Data says that aspiration of the needle halves your chance of myocarditis.
      2. Even with aspiration, the myocarditis from an mRNA vaccine happens THREE TIMES as often as a blood clot from J&J vaccine with no aspiration. And guess which vaccine the CDC disses? Hint: Answer brought to you by Pfizer. 🙄

  21. I have seen more corporate TeeVee in the last five days than I have in the last five years prior to that.

    Does “news” even exist anymore or is it all just a continuous loop of a Pfizer vaccine infomercial?

          1. RFKjr and Dr David Martin are two courageous vanguards in detailing and revealing the truth deeply sinister machinations of the Covid itself and the personas involved in its earthly presence.

            The brilliant Dr. David Martin has produced several videos wherein he enumerates a profoundly compelling recondite history of the development of Covid, which is supported throughout by a timeline of detailed court worthy evidence for which he gives precise, specific and verifiable primary references.

            I especially appreciate that he structures his commentary inside his own lexicon and does not ‘argue’ his points in their mentally structured turf.

          2. Dr. Martin is a FRAUD. You have ZERO expertise in this matter. I’ve provided plenty of evidence that should give you pause.

          4. @Ben – I’ll gladly forward my USTPO registration and NYS bar numbers, LinkedIn profile and resume to establish my credibility and expertise on this matter.

            @Jackal – If you continue to promote David Martin, I will continue to discredit him and you with your heels up JD.

          6. Besides lacking subject matter expertise, David Martin has numerous ties to globalist organizations and uses unmistakable Masonic/occult symbolism. I’ve provided enough links and key words for people to do his/her own digging.

          7. If you continue to promote

            Red. Jackal is a jackal. Please do not waste your, and all of our, time refuting his delusions.

          8. his

            Her. She strangely boasted about marrying into a family of elitist attorneys and having 35 years of experience “in the legal field,” neither of which qualify her to sit for the USPTO and state bar exams. I worked damned hard for my degrees and credentials. I don’t like poseurs.

      3. featuring celebrated virologist Judy Mikovits

        I followed her for a while. She couldn’t get past her own research decades ago and mischaracterized PCR technology.

        1. Well it’s sort of like the German guy video a while back. It got fuzzy about credibility, but I wondered about his question on why some people have an immediate reaction to the death injection. Not the next day or a week later. Whatever you think about the person, it’s a valid question.

          Is she right about the AIDs thing? Was this virus created in a lab? I’m more interested in answers.

          1. BTW unfortunately I had to go to wallieworld this morning. Walking past the pharmacy, there was an empty chair with a paper note taped above it saying “post-vaccination waiting area.” Science!

          2. Whatever you think about the person, it’s a valid question.

            I totally agree, but I also see a pattern of infiltration and hijacking of narratives. I can easily spot David Martin as a fraud because that is my area of expertise. Judy Mikovits is harder. But when she can’t incorporate other and/or newer information, I become suspicious.

          3. Is she right about the AIDs thing?

            Does it really matter at this point in time? In the 1980s, yes. Is it evidence of a pattern? Who knows. Focusing on that takes attention away from more pressing questions.

            Was this virus created in a lab?

          4. It would tell us we got a monster on our hands. That the system tolerates a monster at the highest levels for decades.

          7. AIDS was definitely created in a lab as was Lyme.
            The activist German doctor scientist was probably more qualified than any other person on the planet to discuss what he did.

            I studied the AIDS in depth decades ago.

            Fauci is unbelievably evil.

          10. If you want to really open your eyes read ‘Silent Weapons for Quiet Wars’.

            They’ve been planning this psyop for years.

          1. John Campbell is not a doctor!!! From his About (emphasis added):
            My name is John Campbell and I am a retired Nurse Teacher and A and E nurse based in England. I also do some teaching in Asia and Africa when time permits. These videos are to help students to learn the background to all forms of health care. My PhD focused on the development of open learning resources for nurses nationally and internationally.

          2. Screech all you want, but at least admit that Campbell is clearly not a pretenda with an agenda, unlike most of what we’ve seen. Anyway, does Campbell really need to have an MD? All he really does is relay other news and data, with some clinical insight. Never mind the messenger, just read the data.

          3. does Campbell really need to have an MD?

            No, but people need to understand his background and the limitations in his presentation of information. Time and time again, I see people, like cactus, who believe he’s and doctor and don’t take any effort, as simple as clicking on the About information, to look at who they’re following and believing.

          4. ‘Grandpa’ John….is terrible. He’s a shill for this whole farce and has been since day one.

      4. “For the unvaccinated: you’re looking at a winter of severe illness and death,” said Zients during a White House COVID-19 update Friday

        Given my natural immunity, I am looking at neither, thank you very much.

          1. They must find a person with a cr@p immune system to parade around. They must be pretty rare, otherwise I would expect daily stories in the news.

          3. Exactly!

            There was a story in the Dumver media a few months ago of some physical trainer who allegedly got the coof last year, then got the delta coof this year and landed in the hospital. The Dumver media made a huge deal of this. Of course, for all we know he just had the flu last year, since the the tests were especially unreliable back then.

            Anyway, they haven’t been able to dig up another one locally.

          4. Colorado, there isn’t enough Omicron in the US yet to make any conclusions. You have to go the two countries that have enough omicron to take real data.

            Word from South Africa, Omicron is peaking:
            Previous infection confers ~50-60% immunity vs. omicron symptoms. But it’s not easy to calculate that since there’s been so much vaccination or hidden cases. No good numbers on vax vs. unvax.

            Word from Imperial College London:
            Previous infection confers protection “as low as 19%” against symptomatic omicron (limited data).
            Two shots of Pfizer/Astra-Zeneca vaccine: 0-20% protection vs. omicron symptoms.
            Boostered Pfizer/Astra-Zeneca vaccine: 50-85% protection vs. omicron symptoms.

            “Symptoms” appear to be cold symptoms, could be good or bad. Few hospitalizations so far, 14 proven deaths in the UK.

          5. 14 proven deaths in the UK.

            Gullibility. 14 deaths. They won’t tell what these people died from (last I heard it was only one person), only that they died “with Covid”.

            When most of what an organization tells me is obviously false, twisted or obscured, I’m not buying the overall message. Read the information indeed.

          6. When most of what an organization tells me is obviously false, twisted or obscured, I’m not buying the overall message.

            And given how much they have lied in the past makes their present claims dubious. They are now trying to scare those of us with natural immunity, saying that Omicron can “get past” natural immunity. Just what does “get past” mean? Does it mean I might have a two day case of the sniffles, or that it will kill me? They aren’t saying. And what can I do to protect myself? Why, get jabbed, of course! But I thought Omicron could get past the jab. Never mind that, just get jabbed!

        1. Un-jabbed, un-masked and eat where we want in the free country of Florida.

          My county, Leon, tried to make believe they were NY and DeSantis rammed it right up their wazoo. I’ll be moving next door to Jefferson County.

    2. irony would be a national tv newz video clip of some runny-nosed hoi-poloi covid-carrier sneezing on & then wiping their nose on AOC’s next dramatic dress in public.
      “but, but, Sandyyyyyyy they were just out looking for breeeeaad ! “

    3. Does “news” even exist anymore or is it all just a continuous loop of a Pfizer vaccine infomercial?

      Well, there is some Broncos news interspersed between the racism stories. But yeah, it should be renamed the COVID news hour.

      1. Does “news” even exist anymore or is it all just a continuous loop of a Pfizer vaccine infomercial?

        Featuring DR Fauci King of corona

        1. sorry queen of corona

          “Well I’m on my way
          I don’t know where I’m going
          I’m on my way
          I’m taking my time
          But I don’t know where
          Goodbye to Fauci, the queen of Corona”

    2. “why does this womans face always look like she just got caught shoplifting?”

      Look out!

      Kamalla turned on her don’t disrespect me head bobbing finger wagging Hood speak.

      So who’s the real president of this country is it Joe Joe Manchin or Joe Biden?

      No no no no no. No No No It’s Joe Biden (two palms up back the fuqe off hand push) and don’t start talkin’ like a Republican (major head bob) about asking whether or not he’s president. And it’s Joe Bi and it’s Joe Bi and it’s Joe Biden (big wagging pointed finger) and I’m Kamalla Harris, da vice president.

  24. “Homeowners Are Heavily In Debt, Maxing Out The Equity On Their Over-Priced Homes”

    Where did the idea that burying yourself in mortgage debt was the fast path to riches even come from? It seems kind of crazy, on the face of it.

    1. “It seems kind of crazy, on the face of it.”

      It is indeed crazy, and that is the beauty of it.

      Many people just cannot stand prosperity. Really, they cannot. No matter what they say many people yearn for a life of drama; If life is good to them then they will get bored with it all.

      Living on the financial edge of life will give them all the drama they will ever need.

      1. “Living on the financial edge of life will give them all the drama they will ever need.”

        I’ll wager 400 quatloos on the newcomers !

  26. “It would tell us we got a monster on our hands. That the system tolerates a monster at the highest levels for decades.“

    Yes Ben. Fauci’s history is pertinent, relevant and meaningful.
    He did create AIDS.
    See RFKjr’s video again. It is so information dense that multiple viewings are almost required to get it all.

  27. From the Seattle piece: “Pilot now cites a nominal 35 units, the majority of which are “a mix of micro units and SEDU lofts averaging 177 square feet.” All apparently have small private bathrooms. A studio is listed at $995 per month; it’s unclear how many units have been rented.”

    Okay, if these studio’s floor plan were square, it would measure roughly 13-1/3 ft per side, or slightly larger than a single axle camper trailer, not a pied-à-terre in the city to host your lithe main squeeze.

  28. Okay, class, pay close attention to this Yahoo headline:

    “Rain, snow to hit West Coast as drought continues”

    (It’s a dry snow, perhaps?)

    https://news.yahoo.com/rain-snow-hit-west-coast-200321764.html?fr=sycsrp_catchall

    (snip snip)

    “Rain, snow to hit West Coast as drought continues
    Oriana Gonzalez
    Mon, December 20, 2021, 12:03 PM·1 min read

    “Heavy rain and snow are forecasted this week to hit the West Coast, where states are enduring a heavy drought, the Washington Post reports.

    “Why it matters: California Gov. Gavin Newsom has said that the state is facing ‘its worst drought since the late 1800s.’ While the precipitation will help address it, it will not be enough to entirely fix it.”

    (Yeah, well the end of the drought has to start somewhere.)

    “The mountain snow, which sticks around longer, is more likely to help than the rain.

    “What they’re saying: ‘The snow melts and the runoff from the snowmelt is what a lot of reservoirs feed off going into the dry season for us,’ Sierra Littlefield, a meteorologist at the Weather Service in Sacramento, told the Post.

    “‘Most of the precipitation that is beneficial for the water sources that’s useful to us in California comes during the rainy season. Typically by April 1st we see our deepest snowpack.'”

    (snip)

    “Parts of the Sierra Nevada may get up to 5 feet of snow, with 8 feet possible in higher elevations, per AP.

    “Forecasters have a warning for travelers hitting the road: ‘Holiday travelers should prepare for winter driving conditions by packing chains, warm winter clothes, and extra food and water,’ AP notes.”

    (So the snows are coming early and there will be a whole lot of it thus the drought continues. Got it.)

    1. It’s a dry snow, perhaps?

      It’s like they really expect us to overlook the Orwellian contradictions in their articles. Like when someone who is jabbed and boosted gets infected and ill and then said person implores us to get jabbed and boosted

    2. “It’s a dry snow, perhaps?”

      Snow Water Equivalent, or SWE, is a commonly used measurement used by hydrologists and water managers to gage the amount of liquid water contained within the snowpack. In other words, it is the amount of water that will be released from the snowpack when it melts.

        1. That reminds me of this time I was in charge of a foreclosure west of Flagstaff. It had a long winding dirt road (half a mile or more), and the lone tenant was suing the subprime lender to stay through the lease, so they had to keep the road clear. Over and over I had guys plow it. Then it snowed about 5 feet, and it rained, then snowed some more. It was like concrete. We tried for several hours to plow it to no avail. I ended up getting a road builder to clear it with a huge front end loader and a road grader. Thousands of dollars. Eventually we had to rebuild the road. More thousands. The lender was a subprime arm of Deutsche Bank called Saxon. This wasn’t the case but shows the connection.

          DEUTSCHE BANK NATIONAL TRUST COMPANY AS TRUSTEE FOR SAXON ASSET SECURITIES TRUSTANTS

          https://unicourt.com/case/tx-tr-deutsche-bank-national-trust-company-as-trustee-for-saxon-asset-securities-trust-2007-2-mortgage-loan-asset-backed-certificates-series-2007-2-vs-charles-m-williamsterrie-b-williams-and-all-occupants-1253756

      2. Our last snow was dry powder since it has been really cold. Our landscaper neighbor cleared my driveway in a minute or two with a leaf blower.

  30. Michigan Secretary of State Bocelyn Jenson, known for refusing to purge voters rolls of the deceased, was unharmed when her home was fire bombed overnight. Neighbors reported hearing a “Let’s Go Brandon” chant and squealing tires just as the house was firebombed. No suspects have been named.

    Someone’s getting an early peek at their afterlife.

    1. I don’t get the purpose behind these fantasies. If it hasn’t happened, what’s the point? Seems like stamping little feet.

  31. This is a obvious con job that they are trying to convince people that the new definition of a vaccine is it reduces symptoms, but you still spread the disease and get the disease after a very short protection period requiring booster after booster shot.
    This story is so much nonsense, and its obvious these fake vaccines are failure vaccines causing damage they are trying to cover up. In a sane World this junk failure would of been pulled off the market by now. Instead the unvaccinated are being blamed for the respiratory diseases that are based on the never-ending fake testing of god knows what is afflicting and killing off people in hospitals now. Suppression of cheap drugs that work for fraudulent treatments in hospitals is murder.
    Can’t trust Doctors who are being bribed or threatened by loss of job if they don’t conform to this epic medical fraud and out right murder of people.
    No FDA protection from a dangerous expiermental product over a global Panademic that they faked .
    Now the new faked variant omicron to be hyped for the new lockdowns they are planning soon, as they cover up vaccine damage and blamed the unvaccinated and go after more punishment for non compliant, loss of job, maybe prison is next .
    Than imprison people if they rebel, claiming they are insurrectionist deserving a marshal law take down .
    So, obvious what the script is that they are planning .

    1. This is a obvious con job that they are trying to convince people that the new definition of a vaccine is it reduces symptoms

      If only it even did that.

      Lately I’m seeing tons of trolls in comment sections claiming that this is really what vaccines have always done, and nothing more. I wouldn’t be surprised of these trolls are being paid to post such nonsense.

    1. I have little doubt that MDs are being threatened and forced to say that the jab is safe and effective.

      1. We’ve got a retired one in the neighborhood who’s motivations are less clear spouting the narrative. Perhaps the narrative has a subscription service.

  35. 🎄 May the peace and joy of falling housing prices be with you all this Christmas season.🎄

    Clearwater, FL Housing Prices Crater 12% YOY As Double Digit Price Declines Blanket Florida

    God Bless President Donald J. Trump and God Bless America!

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