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A Situation Where There’s Artificial Scarcity And A Risk That You Overpay

It’s Friday desk clearing time for this blogger. “Househunting is shaping up to be easier in 2022. Inventory is bouncing back, demand is cooling, and prices are even falling for the most popular homes. Prices have fallen more dramatically on a seasonal basis. The price of the most common US home slid to $337,000 last week from $340,000. The latest average is now $26,000 below the 2021 peak of $363,000, the largest seasonal gap in data going back to 2012, housing economist Ralph McLaughlin wrote.”

“US housing starts leaped to an annualized rate of 1.68 million in November, according to Census Bureau data.  Adding multifamily units into the mix makes for an even rosier outlook. There were nearly 1.5 million single family and multifamily units under construction in November, according to government data. That combined figure is the highest its been since 1973. The pickup isn’t likely to be a one-month boom, either.”

“November was another one of those months for new home sales when the topline numbers look terrific. And then you take a second look. The strong monthly gain arises from two straight months of significant downgrades to the prior period’s estimate. On a non-adjusted basis there were 53,000 newly constructed homes sold during the month compared to 51,000 in October. With one month remaining, 2021 sales total 709,000 compared to 758,000, a 6.5 percent decline.”

“At the end of the reporting period there were 402,000 new homes available for sale.”

“D-FW builders have never started as many single-family homes as they did in 2021. ‘We are at 58,000 starts,’ said Ted Wilson, principal with Dallas-based housing analyst Residential Strategies. ‘We’ve grown starts over 60% in the last two years.’ Homebuilders have ramped up construction to meet unprecedented demand – surpassing previous building booms. ‘We were a little over 51,000 starts at the peak of the last cycle in 2006,’ Wilson said. ‘We thought builders would tap the brakes a bit.'”

“After four years, George Strait has finally sold his nearly 8,000-square-foot adobe home in San Antonio. Mansion Global could not determine the closing price of the ranch. The ranch was first listed in November 2017 for $10 million. The listing was removed in August 2018 and was on and off the market with sporadic drops in the price until October, when the price was cut to $6.9 million, a 31% reduction from the original ask.”

“Scarlett Johansson is having a tough time selling her New York City penthouse after a year and a half on the market without any offers, The Post has learned. The price has now been cut to $1.86 million after initially listing the two-bedroom, two-bathroom residence back in July 2020 for $2.3 million. Johansson had purchased the home in 2008 for $2.1 million, which means she is likely to get a significant loss on the home after also taking into account extensive renovations.”

“In Los Angeles and Orange counties, November home prices hovered below the record levels reached, respectively, in September and October. The market is still ultra-competitive despite a slight slowdown that began to set in several months ago. This slight acceleration of year-over-year price increases the last two months could indicate a pickup in price appreciation is underway, but Selma Hepp, an economist at CoreLogic said she doesn’t believe that’s the case. The pickup is probably due to more luxury homes selling, therefore pushing the median value slightly higher, rather than a true price acceleration, she said.”

“A fact that many don’t know is that Access Bank Plc which acquired Diamond Bank some years ago takes no prisoners. It is a strict, law abiding, disciplined organisation and top-draw industry player that will deploy all requisite legal means to recover what is due to it. It is highly unconscionable to borrow depositors’ money from a bank, to ostensibly enhance business growth but only to conceive strategies to evade repayment on the terms agreed.”

“What is really in the DNA of folks or organisations which draw loans only to deliberately default in repayment? A new industry study suggests that borrowers who default on loan repayment terms may actually have no reputation to protect in the first instance. It’s then not surprising that with gloves off, the no-nonsense managers of Access Bank Plc, led by its proactive CEO/Group Managing Director Hubert Wigwe, last week, went after the properties of late Chief Sunny Odogwu, over a judgement debt of over N50 billion.”

“Because of her emphasis on the long term, Access Bank Group, one of Africa’s largest retail banks by retail customer base with proven risk management and capital management capabilities have deployed both organisational cultural transformation to be ahead of completion. This is why dodgy debtors must steer clear of accessing facilities from ACCESS Bank!”

“As regulatory uncertainty persists, investors are seeking gains in sectors that enjoy policy tailwinds. Fidelity International favours sectors that align with China’s next phase of economic development, such as high-end manufacturing, renewable energy, electric vehicles, software and next-generation health care. ‘China appears determined to move to an economic model geared to the real economy, rolling back debt and addressing inequalities, rather than reacting to any downside in financial assets,’ said Victoria Mio, director of Asian equities at Fidelity.”

“In 2020, real estate activity and prices exploded across the globe. And while experts aren’t currently forecasting anything resembling a bubble burst, few buyers like to feel that they’re buying at the absolute top of a hot market or at prices that aren’t sustainable. ‘In many [places] you have to be aware that markets are overheated in a sense,’ said Matthias Holzhey, the lead author of the UBS Global Real Estate Bubble Index 2021. ‘You get into a situation where there’s artificial scarcity, and there’s a risk that you overpay.'”

“‘The best advice I would give to a buyer is that if you want a great deal, go where inventory is highest,’ said Greg Heym, chief economist for Brown Harris Stevens / Luxury Portfolio International. ‘It’s simple, yes, but buyers won’t feel the urgency to buy there, and those sellers will feel the urgency to sell.'”

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This Post Has 106 Comments

  2. ‘There were nearly 1.5 million single family and multifamily units under construction in November, according to government data. That combined figure is the highest its been since 1973’

    So we’re throwing up the most shacks and airboxes in 48 years.

    1. Interesting, I’m seeing very little new SFH construction in my little burg. But I have heard from friends and relatives in other states that it’s build. build, build.

      1. I have heard from friends and relatives in other states that it’s build. build, build

        It’s definitely “build, build, build” here in middle tn. And yet prices continue to go up. We’re renting in a cookie-cutter development with postage stamp-sized lots. They’re building like crazy, though in the year we’ve been here prices have gone from “from the 500s” up to “from the 800s” (they update their sign by taping a new # over the old one).

      2. Building houses in Fillmore CA starting at 600K . Fillmore a mostly AG city like Oxnard until now. Where I live its infill multi story apartments. Going for the San Fernando Valley look .

  3. ‘China’s next phase of economic development, such as high-end manufacturing, renewable energy, electric vehicles, software and next-generation health care’

    And self flying taxis, don’t forget those.

    ‘China appears determined to move to an economic model geared to the real economy’

    Wa?

  4. ‘The price has now been cut to $1.86 million…purchased the home in 2008 for $2.1 million’

    Ho ho ho, now that’s an a$$ pounding! 2008. And you can find dozens of articles today saying NYC is red hotcakes.

    1. All Scarlett needs to do is take a few “tasteful” photos of herself, make some NFTs, and include those in the deal. The place would sell for $5 million easy.

      1. For that kind of money, she would have to offer her services, like the girl who came with the apartment in Soylent Green.

      2. “Scarlett Ingrid Johansson is an American actress. She was the world’s highest-paid actress in 2018 and 2019, and has featured multiple times on the Forbes Celebrity 100 list. Her films have grossed over $14.3 billion worldwide, making Johansson the ninth-highest-grossing box office star of all time.” —wiki

        She can afford the loss, IMHO.

  5. CORONAVIRUS70 Per Cent of London’s COVID Hospitalisations Diagnosed After Being Admitted For Other Ailments
    “Sick people have been given Covid by the very hospital where they went to get better.”

    https://summit.news/2021/12/23/70-per-cent-of-londons-covid-hospitalisations-diagnosed-after-being-admitted-for-other-ailments/

    (snip snip)

    70 per cent of London’s COVID hospitalisations were diagnosed after the patient had already been admitted for other ailments, it has been revealed.

    The figure is important because a so-called ‘surge’ in London hospitalisations for COVID is being used as a justification to lobby for further lockdown restrictions on the British public.

    However, as Telegraph journalist Allison Pearson reveals, much of the panic is being driven by cases being counted as COVID despite the patient being admitted for other reasons.

    “Astonishing fact. 70% of London’s so-called “COVID hospitalizations”are diagnosed several days after admission for other ailments,” she tweeted.

    “They are NOT COVID patients. A positive test 8 days after admission means the hospital basically gave the patient COVID.”

    1. “My Red Bull keeps coming down with it.”

      I’d like to say a few words about a guy I know, a friend of mine. His name is Red Bull. And he has the heart of a giant, and that rare form of courage which allows him to kid himself and his opponent: Covid.

      I love Red Bull. And I’d like all of you to love him too. And tonight, hit your knees, please ask God to love him.

      Speech from “Brian’s Song”

      https://youtu.be/OfI_HT39eeM

      1. When I was using my calculator to figure up the 48 year high in shack building, I discovered it too had the CCP virus. I’m starting to think these tests might be off.

    2. They are NOT COVID patients.

      We already knew that.

      The 800,000 death number in the US is bogus. Its sole purpose is to create a panic so that the sheeple will do whatever the gooberment says.

        1. Good place to drop this:

          The mRNA-LNP platform’s lipid nanoparticle component used in preclinical vaccine studies is highly inflammatory

          “Here we present evidence that Acuitas’ LNPs used in preclinical nucleoside-modified mRNA vaccine studies are highly inflammatory in mice. Intradermal and intramuscular injection of these LNPs led to rapid and robust inflammatory responses, characterized by massive neutrophil infiltration, activation of diverse inflammatory pathways, and production of various inflammatory cytokines and chemokines. The same dose of LNP delivered intranasally led to similar inflammatory responses in the lung and resulted in a high mortality rate, with mechanism unresolved.”

      2. “The 800,000 death number ”

        That one and China had only 3000 deaths. You know this is pure propaganda that China is better than US. But my question is, why so many people in US go along with this?

        1. why so many people in US go along with this?

          Mattias Desmet on Our Grave Situation

          Professor Mattias Desmet talks about his work that connects past historical episodes of what is called “Mass Formation” (aka Mass Psychosis) and current events. The risks are as grave as they come. Unless a few brave and courageous people are willing to stand up and say “I don’t agree!” history suggests that we will end up with a fully totalitarian outcome.

          1. “To ensure anticipated demand on the healthcare system can be met in Alberta, the government has directed Alberta Health Services (AHS) to offer all 1,400 full and part-time staff who’ve been placed on unpaid leave a chance to return to work with the option of COVID-19 testing”.

            The province made the announcement Thursday afternoon in the wake of the growing spread of the Omicron variant.

            https://westernstandardonline.com/2021/12/https-westernstandardonline-com-2021-12-ahs-backtracks-allowing-all-unvaxxed-staff-back-to-work-with-covid-testing/

      3. The number is organic and cumulative. Claiming it is bogus doesn’t nullify its organic, cumulative origin.

    3. While reading “The Real Anthony Fauci” last night, Kennedy kept pointing out that by reaching 100% jabbed, you’ve destroyed the control group. It took me a while to understand exactly what that meant. Then I got it. If you have 100 million people and 65% are jabbed, then a year, two years or five years down the line you notice an incredible uptick in heart attacks, strokes, and other known side effects of the jab, you can compare the jabbed group to the unjabbed group. If 100% of the population is jabbed, no such comparison can be made. This, IMO is why there’s no attention to natural immunity.
      Additionally, this is why after the initial six month jab trial, they closed down the trial and jabbed the control group.

      1. Yes, this is why they want everybody jabbed, so a comparison can not be made between the vaccinated and the unvaccinated.
        They are already gaslighting people with vaccine injury that their injury wasn’t the vaccine.
        Also, they are going to have a big problem explaining all the extra deaths that are going to be obvious at the end of 2021. You can blame it on wrong protocols killing people in hospitals as well as thousands of vaccines induced deaths.

      3. WOuldn’t the comparison be between the jabbed in 202_ and everybody from 2019? Unless everyone is gullible enough to fall for the “post pandemic stress disorder” argument.

    4. Again, the false positive testing is the culprit in this epic medical fraud.
      But yes , either the hospital gave some respiratory flu to these patients, or its the false positive associated with this epic medical fraud of bogus testing. Bribery in that hospitals get more money if Covid is attached to a case.

      So, Biden wanting people to just run right out and get a Omicron test , so they can fear monger and justify the new wave of Medical Tyranny they plan.
      The censored Scientists dispute the Dr Fauci/Biden Narratives .
      I predict they need a shift in the Covid Narrative at this point because they have not completed the going after the unvaccinated, and they have to hide how much of a failure the Covid fake vaccines are.
      So, the variant fraud is the means to keep the Covid Scam going.
      Their objective is forced vaccines, as is occurring in some Countries already. And , it doesn’t matter to these criminals that the fake vaccines are a failure, that they have killed and injured thousands of people.
      In spite of a Complaint filed in Criminal International Court on Dec 6 2021, against Gates, Dr Fauci, Big Pharmacy Companies, WHO, and all the other culprits in this medical fraud and genocide and crimes against humanity, its not being reported on in Mainstream news.
      One of the violations listed in the International Court filing was that the Culprits deliberately suppressed and censored valid drugs that worked , that ended up killing thousands and thousands.
      With no valid FDA being operational currently , we have been turned into lab rats for a pre planned take over by a bunch of killer psychopaths and Big Pharmacy no liability killers.

        1. the pharmacists reaction in that video was indeed priceless: and so typical of the med industry we-are-gods-just-do-as-we-say-without-question mentality.
          the stammering, then dodging, weaving & deflecting better than Ali ! so.damn.funny. if not for the tragic outcomes.

          great find

      2. shift in the Covid Narrative

        The messaging is already pivoting to blame Trump for rushing the vaccine even though he never would have mandated it.

        1. Oh God yes, a set up to blame Trump for warp speed vaccine program.
          I don’t endorse any Politician that proceeds with the pro vaccine narrative, and doesn’t call out this lab rat killer expierment against people and children now.
          Big Pharmacy and FDA, and all the culprits had no right to throw a expierment fake vaccine at the pubic, without informed consent, claiming it was safe and effective , while they deliberately suppressed and censored valid meds that effectively treated Covid. THIS IS EVIL

        2. So we’re coming full circle to when the same people who now demand a genocide of the unjabbed were all shrieking “I won’t take it because Trump.”

          We’ve always been at war with Eastasia.

    1. I have been within earshot of fox news a few times this week. Almost all they talk about is CCP virus and the death injection. Every once in a while they’ll throw in something about “the border” or crime.

      2. CNN/MSNBC are better than faux news. At least we know cnn/msnbc are enemies. Faux news pretends it’s a friend….it’s like Mitt Romney or Jorge Bush or McTurtle or Cheney.

      3. Are even libtards starting to tire of the tedious globalist propaganda and DNC talking points from MSM networks like CNN & MSNBC?

        Fox News is watched by more Democrats than CNN: Data finds 29% of all liberals watch the news station as it ends 2021 as number one news channel

        https://www.dailymail.co.uk/news/article-10342591/Fox-News-watched-Democrats-CNN.html

        More liberals watch Fox News than CNN, new data has found as the station ends 2021 as the number one news channel for the sixth year running.

        Fox hauled 29 percent of the liberal audience compared to 24 percent for CNN, according to averages from April to August. MSNBC captured the majority of liberals with a 46 percent share.

      4. I don’t know about the cable channel, but the FoxNews website and the Youtube channel are more about politics; with only a small amount of covid news.

  8. As of yesterday I am officially under contract on the lot adjacent to the lot I closed on two weeks ago in Southern Colorado.

    This is a cash purchase with no mortgage.

    P.S. Debt is slavery.

      1. Not going to.

        Two rain barrels, and the water truck, that’s where the water comes from. I never said I was planning to live there year round.

        And if Go Time pops off, all I have to do is locate a neighbor with a well who is less armed than myself, and the problem will solve itself…

  10. “‘The best advice I would give to a buyer is that if you want a great deal, go where inventory is highest,’ said Greg Heym, chief economist for Brown Harris Stevens / Luxury Portfolio International.

    For those not inclined to take advice from an REIC shill with a vested interest in suckering you into a housing bubble, pop on over to the HBB where our advice is to sit tight and wait for the financial reckoning day to lay waste to the Fed’s Everything Bubble.

      2. If I had to take three vaccinations in less than a year for smallpox and still ended up catching smallpox, I might have some questions…just sayin’….

      3. Do you get preference on the booster list for being a propagandist and tool for the Globalists?

        You deserve your “reward”.

      4. Do you get preference on the booster list for being a propagandist and tool of the Globalists?

        You deserve your “reward”.

  14. apo·​gee | \ ˈa-pə-(ˌ)jē \

    Definition of apogee

    1: the point in the orbit of an object (such as a satellite) orbiting the earth that is at the greatest distance from the center of the earth
    also: the point farthest from a planet or a satellite (such as the moon) reached by an object orbiting it
    — compare PERIGEE

    2: the farthest or highest point : CULMINATION
    Aegean civilization reached its apogee in Crete.

    3: the point in a rocket’s flight where the booster and sustainer fuel burn out and gravity begins to pull the now-inert rocket on what will be an uncontrolled fall back towards earth

    4: the point in a housing bubble where FBs who overpaid get a dim perception that they are well and truly buggered as previous price appreciation reverses and inventories of unsold shacks spike

    Sales of newly built homes tank as affordability hits buyers

    https://www.cnbc.com/2021/12/23/sales-of-newly-built-homes-tank-as-affordability-hits-buyers.html

    At some point the price is just too high. That may be increasingly the case for potential buyers of newly built single-family homes.

    Sales of those homes in November came in well below analysts expectations, down 14% from a year ago. And October’s sales numbers were revised to the lowest level since the start of the pandemic, according to the U.S. Census Bureau count.

  15. No, this is not a headline from The Onion.

    Report: Kamala Harris Turns to Hillary Clinton for Advice on Winning Public Favor

    https://www.breitbart.com/politics/2021/12/24/report-kamala-harris-turns-to-hillary-clinton-for-advice-on-winning-public-favor/

    Kamala Harris has sought the counsel of twice-failed presidential aspirant Hillary Clinton on the best way to reverse diving approval ratings while at the same navigating the travails of public life, according to a report Thursday.

    1. Bannon and Posobiec were discussing the possibility of a Kamala-Hillary ticket with Kamala measuring the curtains and Hillary sharpening the knives. 🤣

      1. Looks to me like the globalists have started the process of shunting aside Dementia Joe & replacing him with Crooked Hillary, who was their #1 choice all along to be the conduit for their marching orders. When globalist propaganda flagships like CNN & the WaPo switch from slavish fawning and adulation to “The Emperor Has No Clothes,” the writing is on the wall for Biden & Harris.

        https://www.dailymail.co.uk/news/article-10341663/Biden-confused-CNN-correspondent-points-mixing-COVID-19-tests-antiviral-pills.html

        1. “…replacing him with Crooked Hillary…”

          That could be the best possible development for Donald Trump’s reelection prospects. Don’t think that because the Democrats made the mistake of running Hilary against DJT before, they won’t repeat the error
          You can’t fix stoopid.

  16. No cultural appropriation there, oh no precious. Can’t they invent their own dang characters, instead of “sampling?”

  17. “More and more Chinese 20-somethings are rejecting the rat race and ‘lying flat’ after watching their friends work themselves to death”

    1. It’s tough for young people who have to make their way in a corrupt, soulless system controlled by the worst sort of collectivist empty suits.

    4. I had to look this up.
      —————
      “China has pledged to end its reliance on imported technology and to focus on domestic consumption as the primary driver of growth.

      Jack Ma and others have advocated a severe culture of overtime work that has become known as “996”—working from 9 a.m. to 9 p.m. six days a week. Lying flat was spawned under the persecution of the 996 overtime culture,”
      ————

      Hmm… so it sounds as if America and the West have finally run out of technology for the Chinese to stea — er, “import.” So now they need to invent their own in some kind of great leap forward.

  18. Even by #ClownWorld standards, the Biden Administration is getting more shambolic by the day.

    Jill breaks White House rules to go maskless as Joe is accused of staging bizarre dancing nurses show at the White House to distract from his catastrophic failure to order enough COVID test kits

    https://www.dailymail.co.uk/news/article-10341761/Biden-accused-using-bizarre-dancing-nurses-distract-COVID-testing-kits-failure.html

    President Joe Biden was slammed on Thursday for holding Christmas festivities at the White House this week, complete with nurses singing ‘We Need a Little Christmas’ and a maskless First Lady, as critics claimed the event was ‘tone deaf’ and meant to distract from the president’s COVID policy failures.

    The White House invited the famous Northwell Health’s Nurse Choir to perform at this year’s ‘Spirit of the Season’ TV special Tuesday night, and many were quick to point out the poor visuals of happy nurses singing amid the current Omicron surge.

    2. Was he celebrating the coming winter of “severe illness and death?” Here’s hoping he’s the one dirt-napping. He’s a horrible, horrible person. And so is his scummy son.

  19. Our NEA indoctrination mills might be turning out functional illiterates incapable of critical or independent thought, much less solving simple math problems, but, by God, such brainwashed collectivist zombies will make the perfect Democrat-Bolshevik lifetime dependency voters.

    ‘Crime is made up’: Woke teachers force middle school pupils to listen to BLM activists claim black people who commit crime are being ‘enslaved’ by being sent to jail and society is being ruined by ‘white supremacy and capitalism’

    https://www.dailymail.co.uk/news/article-10341741/Woke-teachers-force-middle-schoolers-listen-BLM-activists-claim-society-ruined.html

    A group of Black Lives Matter activists told Indiana middle school students during a spring 2020 lecture that they live in a world where ‘crime is made up’ and black people are more likely to be ‘enslaved’ for their actions.

    Video of the talk – which featured Indy10 BLM activists Jessica Louise, Kyra Jay Harvey, Michelle Anastasia and Leah Derray – was recently leaked by Tony Kinnett, district science coordinator and instructional coach for Indianapolis Public Schools.

    1. If I try to follow their “logic”, it almost sounds as though they’re advocating for pseudo anarchy, in a country where “every white person is a racist who wants to harm or kill black people”, and where there are about 5 times as many white people as black people.

  21. “Scarlett Johansson is having a tough time selling her New York City penthouse after a year and a half on the market without any offers, The Post has learned. The price has now been cut to $1.86 million after initially listing the two-bedroom, two-bathroom residence back in July 2020 for $2.3 million. Johansson had purchased the home in 2008 for $2.1 million, which means she is likely to get a significant loss on the home after also taking into account extensive renovations.”

    These Hollywood types appear to be idiots when it comes to real estate. How many stories have we seen where they’re taking absolutely massive losses which don’t account for the carrying and renovation costs? I guarantee some of them are pissed about it.

    1. The BBC:

      “A US congresswoman has had her car and possessions snatched from her at gunpoint in a daylight carjacking in the city of Philadelphia.

      On Wednesday night, Mary Gay Scanlon’s car was found about 45 miles (72km) away in Newark, Delaware, with five suspects inside, police said.

      Ms Scanlon’s government phone and ID were among belongings that the robbers took. The Democrat was not injured, her office said.

      The suspects have not yet been charged.”

        1. Don’t think for a nanosecond that the victimized politicians are going to have an epiphany and change their tune. They are puppets on a very rich gravy train. If they deviate from the Narrative they know they will be finished, and will be replaced by an AOC clone in the next primary.

  24. I see what you did there, globalists. Now that COVID has provided a template for government overreach and tyrannical, unconstitutional rule by decree in the name of “public health,” you & your Quislings think you have carte blanche to use this pretext to ram through your agenda. The CDC has already declared “gun violence” a public health issue, so I guess we know what comes next.

    New York State Declares Racism a ‘Public Health Crisis’
    https://www.bloomberg.com/news/articles/2021-12-23/new-york-declares-racism-a-public-health-crisis?sref=ibr3A0ff

    New York Governor Kathy Hochul on Thursday signed a series of measures meant to combat discrimination and racism, including classifying racism as a public health crisis.

    Many of bills are targeted at the inequities in New York’s healthcare system, which were highlighted during the pandemic, including a measure to assess medical racism impacting newborns and their mothers.

  25. This is a Punic Service Announcement from

    The Office of the Unvaccinated Winter of Death and Hospital Parking Lot Body Removal.

    (Chorus)
    Sooner or later Covids gonna get ya
    Sooner or later, girl, you’re gotta get it
    Sooner or later Covids gonna let ya
    Sooner or later Covids gonna win

    It’s just a matter of time
    Before you make up your mind
    And take all those jabs from which you’re hidin’
    It’s just a question of when
    I’ve told you time and again
    You’ll get all the vax you been denyin’

    (You’ve been lookin’ for facts)
    In all the wrong places
    (You’ve been lookin’ for truth)
    All the wrong faces
    (Gotta get ya, girl)
    All this illusion
    (Gonna save your life)
    From all this confusion

    (Chorus)

    The Grass Roots- Sooner or Later

    https://youtu.be/2cnCEvGrj3M

    1. I honestly had begun to believe we’d make it through the pandemic without succumbing. But a family Thanksgiving gathering and four COVID-19 cases later, all six of my immediate family members have had the virus…and lived to tell about it!

  26. “The latest average is now $26,000 below the 2021 peak of $363,000, the largest seasonal gap in data going back to 2012, housing economist Ralph McLaughlin wrote.”

    It’s interesting to read the news about falling U.S. home prices. I guess it’s different here in San Diego, where the local used home sellers report red hot hot cakes all the time!

  27. The complete absence of accountability from this 3-ring sh*t-show of an administration is breathtaking.

    VP Harris claims her ‘biggest failure’ is not leaving DC ‘bubble’ more

    https://nypost.com/2021/12/24/vp-harris-says-not-leaving-dc-bubble-more-is-biggest-failure/

    Vice President Kamala Harris said in a new interview that her “biggest failure” is not traveling outside DC more often — brushing record-setting illegal immigration numbers and reports of White House disharmony.

    “What do you think your biggest failure has been at this point?” CBS’ Margaret Brennan asked Harris in an interview that will air in full on “Face The Nation” Sunday.

    “To not get out of DC more,” Harris said, laughing at her own remark and avoiding more divisive issues, such as her decision to wait three months to visit the US-Mexico border after President Biden tapped her to address the “root causes” of the migrant crisis.

  28. I recently drove my 16-y/o daughter & a couple of her friends to a winter camp in northern Colorado. I’d painstakingly put together a musical compilation intended to incite near-mutiny from my youthful passengers, to include several Elvis songs, but it had the opposite effect – they loved it! I have failed as a dad.

    Elvis ‘Burning Love’ with The Royal Philharmonic Orchestra

    https://www.youtube.com/watch?v=s5qIJ94j_0E&list=RDs5qIJ94j_0E&start_radio=1

  30. Media Falsely Reports Texas Man Died From Omicron While Government Officials Refuse To Say | ZeroHedge
    https://www.zerohedge.com/covid-19/media-falsely-reports-texas-man-died-omicron-while-government-officials-refuse-say

    (snip)

    “… authorities in Texas have confirmed their first death on a patient who was assessed to be infected with the omicron variant of SARS-CoV-2. Whether that’s what actually killed him is another matter entirely.

    “Now, the Blaze is reporting that officials in Texas are also being tight-lipped about the circumstances of this first death, after the increasingly careless mainstream media blared out the news that an American had died ‘from’ the omicron variant, when that’s actually not the case – or at least has not yet been confirmed to be the case.”

    (snip)

    “As the Blaze adds, similar confusion has plagued mainstream media reporting throughout the pandemic. One problem is that the government health officials who are feeding the media its information often don’t differentiate between people who died from COVID and those who died with the virus, a fact that we first pointed out way back in 2020 shortly after the virus first went global. Any death where a patient is COVID positive is reported as a COVID death, even if the patient died from a motorcycle accident, in one famous case.”

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