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Members Of The Crowd Shouted Return Our Money!

A report from Herald and News in Oregon. “Jim Chadderdon, executive director of Discover Klamath and a owner of local real estate, says he knows people who have fallen behind on their mortgages and the end of the moratorium will have an effect on them. At the end of the day, there may be some kind of forbearance, but banks will always come to collect on their loans, Chadderdon said.”

“‘I don’t think it’s going to be a bloodbath on day one,’ Chadderdon said. ‘But I think if we go out six months there’s going to be people hurting. They’ll find out the banks aren’t helping them out. It’s going to be a debacle.'”

From WHYY in Pennsylvania. “Developers could build a record number of rental units in Philadelphia in 2022. Based on the volume of building permits approved by the city in 2021, the final figure for the year could balloon to 10,000 — more than triple the average annual total of 3,000 to 4,000 new apartments. ‘This is a massive wave of new construction. Much bigger than we’ve even seen before,’ said Kevin Gillen, a senior research fellow with the Lindy Institute for Urban Innovation at Drexel University and the analyst behind the data.”

“Last summer, home prices were up 20%. They’re now up just 10%, a noteworthy drop and a potential sign that prices could level out sooner rather than later. ‘You’re not seeing signs to say this thing is cooling. We’re not there yet. But we are definitely seeing signs of deceleration from the white-hot conditions that were occurring over the last year,’ said Gillen. ‘With our poverty rate, we cannot afford to have the house price levels that are approaching the levels of other, more affluent cities.'”

The Waco Tribune Herald in Texas. “Seven months on from a bank foreclosure, The Containery remains ready for a new owner. Waco commercial real estate agent Gregg Glime confirmed interest by a party waiting in the wings. He said the prospect foresees little, if any, change in potential uses for the 33,888-square-foot development built with stacked shipping containers front and center. Some city leaders could not contain their shock at The Containery’s appearance, specifically the paint job.”

From CNS on California. “A former San Diego real estate agent was sentenced Monday to more than five years in prison for orchestrating a fraud scheme that bilked investors out of millions of dollars. Alexander Avergoon, who was also ordered to pay nearly $10 million in restitution, pleaded guilty to federal charges in connection with what prosecutors described as a series of investment fraud schemes spanning nearly a decade.”

“According to the U.S. Attorney’s Office, Avergoon, 46, persuaded more than a dozen investors to partner with him to buy real estate properties such as apartment buildings and split the income from renting out the properties. However, prosecutors said he didn’t use the investor funds to buy properties, and forged documents in order to make the investments appear legitimate.”

From 3AW in Australia. “The housing market is set for an ‘inevitable’ slowdown in 2022, analysis from CoreLogic suggests. Head of Research at CoreLogic, Eliza Owen, says it’s ‘probably going to be impossible to say what the extent of price falls would be, but what we do know is some of the things that could trigger that decline. What we’re expecting is that when interest rates start to rise fairly continually we can see that demand for housing falls and prices fall off the back of that,’ she told Emily Power and Jimmy Bartel. ‘What we’re also starting to see is increased level of supply coming onto the market, particularly across the major cities of Sydney and Melbourne, so that gives more choice to buyers, more bargaining power to buyers.'”

From Reuters. “Investors in financial products issued by China Evergrande Group protested outside the cash-strapped company’s offices in Guangzhou on Tuesday, with many worried that their returns would be sacrificed to keep real estate projects afloat. Members of the crowd of roughly 100 people shouted ‘Evergrande, return our money!,’ reprising a chant used by disgruntled investors and suppliers last autumn as the deterioration in its financial position became apparent.”

“‘I think it’s hopeless, and I’m scared, but if we don’t fight for our rights, that’s worse,’ said a retired woman surnamed Du who was among those outside Evergrande’s offices in the southern Chinese metropolis and said she had invested one million yuan in Evergrande wealth management products. ‘The economy’s not good at the moment, these are ordinary people and they need this money for kids, for supporting their parents,’ she said.”

“Lured by the promise of yields approaching 12%, gifts such as Dyson air purifiers and Gucci bags, and the guarantee of China’s top-selling developer, tens of thousands of investors bought wealth management products through Evergrande.”

“‘We worry we will be sacrificed,’ said a 34-year-old protester who works in e-commerce and would only give her name as Sophie, for fear of reprisal from authorities. ‘It’s okay for younger people like me, we can still earn it back, but I’m worried about the older ones who put everything into this,’ she said. Sophie said police had taken her to the station four times since she joined protests at Evergrande’s headquarters in the nearby city of Shenzhen in September. ‘We don’t know what happens to our money but we’re expected to keep quiet, it’s not right,’ she said.”

The Los Angeles Times. “Elizabeth Holmes, the founder and CEO of the medical device company Theranos, was convicted Monday of fraud and conspiracy counts in federal court in San Jose following a three-month trial. For the most part, the jury found against Holmes on charges that she plied investors with fraudulent claims.The case raises the important question of whether the testimony and result will serve as object lessons for investors confronted with cheery promises in the future. Bet your money that the answer is ‘no.’ High-tech investing is predisposed to take even clearly hyperbolic projections as part of the game.”

“All entrepreneurs making pitches to venture capital funds are inclined to promise castles in the air and riches beyond the dreams of Croesus, or they won’t be invited through the door. In 2013, when venture investor Aileen Lee first coined the term ‘unicorn’ for startups valued at $1 billion or more, she identified 39. Today, the venture research firm CB Insights lists more than 900. The first investments beget further investments in what may appear to be the next big thing, as firms pile in out of FOMO — ‘fear of missing out.’ Sober judgments about the technology underlying entrepreneurs’ promises? Don’t expect them.”

“To attract investors, a company no longer has to demonstrate that it has a working technology or rational business plan, but merely to promise to ‘disrupt’ an established industry. Uber would ‘disrupt’ the taxi industry. Zillow would disrupt homebuying. How has that worked out? Uber lost $8.5 billion on $13 billion in revenue in the pre-pandemic year of 2019, and lost $1.5 billion on $11.7 billion in revenue in the first nine months of this (hopefully) pandemic recovery year, and still hasn’t shown that it has a path to profitability.”

“Zillow, which aimed to capture the gains from flipping homes by applying a high-tech algorithm to home valuations, discovered that the concept doesn’t work in markets as complex as residential housing. Last month it shut down its buying and selling business and announced plans to down the value of its remaining inventory by more than $500 million. Its market value has plummeted from nearly $50 billion to $15.5 billion.”

This Post Has 95 Comments
  1. ‘They’ll find out the banks aren’t helping them out’

    No!

    I’ll have more on this hopefully tomorrow. The guberment can make an awful mess, believe it or not.

  2. From the last link:

    ‘As I wrote in 2015, questions had been raised consistently by experts about Theranos’ claims amid the tide of fawning publicity. John P.A. Ioannidis of Stanford Medical School observed for an article in the Journal of the American Medical Assn. that information about Theranos had appeared in the Wall Street Journal, Business Insider, Fortune and Forbes, “but not in the peer-reviewed biomedical literature.”

    ‘In many articles, the company’s choice to develop its technology secretly, as “stealth research,” was treated as a virtue. But to Ioannidis, it presented a risk: “Stealth research creates total ambiguity about what evidence can be trusted in a mix of possibly brilliant ideas, aggressive corporate announcements, and mass media hype.”

    This woman looks kinda nutty. I saw a list of her daily routines a few weeks ago – we gocha cra cra!

    1. Theranos was looking for two patent attorneys circa 2012. I couldn’t understand what inventions were ostensibly disclosed in their patent applications and was extremely suspect of the company as a whole. A friend/colleague later interviewed with their lab director for a position. That lab director became one of the key whistleblowers. That friend/colleague and lab director crossed paths later at another company. It’s a small world.

      1. “means for receiving blood;
        means for processing said blood; and
        means for outputting results.”
        (Investors line up to throw money at the company with the “amazing patent portfolio”.)
        (My law firm once inherited the patent portfolio for what is now a Fortune 200 tech company. All of their applications were written like that, most of the independent claims had 10+ means clauses. It was a mess).

        1. I don’t see that claims surviving 112. Thankfully, means clauses weren’t very popular practicing in tech center 1600.

  3. ‘Some city leaders could not contain their shock at The Containery’s appearance, specifically the paint job’

    Waco – leading with pride!

    1. The photograph of The Containery is really worth looking at. I wouldn’t mind if Antifa showered it with their special brand of luv.

  4. ‘Lured by the promise of yields approaching 12%, gifts such as Dyson air purifiers and Gucci bags, and the guarantee of China’s top-selling developer, tens of thousands of investors bought wealth management products through Evergrande’

    ‘We worry we will be sacrificed’

    I got news for ya Sophie, those bags are fake too.

  5. ‘it’s ‘probably going to be impossible to say what the extent of price falls would be’

    Now you tell us.

  6. Some city leaders could not contain their shock at The Containery’s appearance, specifically the paint job.”

    Stuffed brown envelopes could allay such concerns.

  7. I came across this earlier:

    Asked in Leicester, MA | Jan 3, 2022
    My house was foreclosed on in 2004. Can HUD now take money from my wife and I SSDI?

    ‘Our home was foreclosed on in 2004. It was not a HUD loan but we did take a home improvement loan for 25 thousand through them. We provided pictures to them of all the home improvements through them. The mortgage company never asked for a penny from us after the foreclosure. HUD took every Federal Income Tax return money I have gotten since then. They ver provided a single printout of my balance owed. My wife went on SSDI several years ago, and HUD never touched her money. I went on SSDI about a year ago, and they immediately started taking money from my check. Now they are taking my wife’s money too. When I called HUD, I asked for a printout for the last 20 years of the 25,000 dollar loan. They did send me a printout of about 13 pages, and my new balance is 25,000 after all the money they took in tax returns all of these years. Is this even legal? When we tried to refinance our mortgage back then, we were approved wifor a refinance, but HUD blocked it. So we lost the house. Our mortgage company never asked us for another penny.’

    https://www.avvo.com/legal-answers/my-house-was-foreclosed-on-in-2004–can-hud-now-ta-5441715.html

  8. “A former San Diego real estate agent was sentenced Monday to more than five years in prison for orchestrating a fraud scheme that bilked investors out of millions of dollars.”

    Meanwhile, the Fed since 2008 has bilked savers out of an estimated $3 trillion in interest income with its artificially suppressed interest rates.

  9. First comes the pullback. Then comes the wave of panic-selling from the FBs who massively overstretched to get into shacks they couldn’t afford.

    Australia Housing Boom Fades as Melbourne, Sydney Pull Back

    https://www.bloomberg.com/news/articles/2022-01-03/australia-housing-boom-fades-as-melbourne-falls-sydney-slows?srnd=premium-asia&sref=ibr3A0ff

    Australia’s housing boom appears to be over, with growth is poised to fall as low as 5% this year after a 22.1% rise in 2021 — the strongest since 1988.

    A softening housing market cooled further in December, rising 1% nationally as the boom in high-end properties that has underpinned the record run tapered significantly, according to CoreLogic Inc. data released Tuesday.

  10. What we’re expecting is that when interest rates start to rise fairly continually we can see that demand for housing falls and prices fall off the back of that,’ she told Emily Power and Jimmy Bartel. ‘What we’re also starting to see is increased level of supply coming onto the market, particularly across the major cities of Sydney and Melbourne, so that gives more choice to buyers, more bargaining power to buyers.’”

    Wow, Eliza, that’s an incoherent word cloud worthy of our clueless diversity hire VP. Let’s just cut to the chase: “We’re going to see a housing bubble bust of a magnitude that makes 2006-2007 look like a walk in the park.”

  11. Members of the crowd of roughly 100 people shouted ‘Evergrande, return our money!,’ reprising a chant used by disgruntled investors and suppliers last autumn as the deterioration in its financial position became apparent.”

    Sorry, baggies, but Evergrande only responds to CCP orders to resume construction on 1.5 million unfinished units, not to make you whole on your “investment.” Furthermore, stampers of little feet who attract foreign media attention have a high probability of becoming involuntary organ donors.

  12. ‘The economy’s not good at the moment, these are ordinary people and they need this money for kids, for supporting their parents,’ she said.”

    Cry me a river, Du. These are greedy speculators who bought into an insane housing bubble thinking a Greater Fool would come along. Don’t gamble with money you can’t afford to lose.

  13. “‘We worry we will be sacrificed,’ said a 34-year-old protester who works in e-commerce and would only give her name as Sophie, for fear of reprisal from authorities. ‘It’s okay for younger people like me, we can still earn it back, but I’m worried about the older ones who put everything into this,’ she said.

    I believe this is what we call “Sophie’s choice.” Sophie chose to be a greedy speculator. Sophie chose unwisely. But hey, she got a Hong Kong-made Gucci bag out of the deal as a reminder that greed & stupidity are a dangerous combination.

  14. In 2013, when venture investor Aileen Lee first coined the term ‘unicorn’ for startups valued at $1 billion or more, she identified 39. Today, the venture research firm CB Insights lists more than 900.

    This level of fraud and mass delusion is only possible in a world awash in Yellen Bux.

  15. More fools rushing in.

    China Evergrande’s shares jump after suspension of trading

    https://www.aljazeera.com/economy/2022/1/4/china-evergrandes-shares-jump-after-suspension-of-trading

    China Evergrande Group shares have jumped as much as 10 percent in resumed trade after the developer said a government order to demolish 39 buildings on the resort island of Hainan would not affect the rest of its project there.

    The firm, struggling to repay more than $300bn in liabilities, also said its contracted sales for 2021 had plunged 39 percent from the previous year to 443 billion Chinese yuan ($69.5bn).

  16. More pushback against Big Pharma and its co-opted political and medical hirelings.

    ‘We can’t vaccinate the planet every six months’: Leading Oxford vaccine expert warns giving regular boosters is ‘not sustainable’ and says fourth Covid jabs should not be rolled out until there is more evidence

    https://www.dailymail.co.uk/news/article-10366875/Leading-Oxford-vaccine-expert-warns-giving-regular-boosters-not-sustainable.html

    Britain shouldn’t start rolling out fourth Covid vaccines until there is more evidence they are even needed, one of the country’s top experts claimed today.

    Sir Andrew Pollard, chair of the Joint Committee on Vaccination and Immunisation (JCVI) — which advises No10, said administering booster vaccines to everyone every six months was ‘not sustainable’.

    He said future immunisation drives should target the most vulnerable, rather than all adults.

  17. The Comrades of Proven Worth (D) in our NEA indoctrination mills can be a zealous bunch when it comes to pushing globalist agendas.

    Long Island teacher reassigned for illegally vaccinating teen

    https://nypost.com/2022/01/04/teacher-laura-russo-reassigned-by-herricks-public-schools-for-illegally-vaccinating-teen/

    The Long Island teacher who was accused of illegally injecting a 17-year-old boy with a COVID-19 vaccine at her home without the teen’s parents’ consent has been reassigned from her classroom duties, according to reports.

    Laura Russo, 54, who is not a doctor or authorized to administer vaccines, was arrested for the New Year’s Eve incident at her Sea Cliff home, according to Nassau County police.

    1. Laura Russo, 54, who is not a doctor or authorized to administer vaccines

      So how exactly did this woman get her paws on a vaccine vial? In other words, who gave it to her?

    2. Long Island teacher reassigned for illegally vaccinating teen

      Reassigned, not terminated. Now, instead of injecting the lad, had she told him that whites are the master race …

      1. Reassigned, not terminated.

        If that were my child, job termination would be the least of her worries.

  18. If there’s anything more heartwarming than seeing West Coast or NYC libtards getting culturally enriched, it’s seeing white SJWs at our Cultural Marxist institutions of higher learning finding out the hard way how hated they are by their “woke” diverse classmates.

    Woke Arizona State University students accuse college of ‘persecuting’ THEM after they were reprimanded for making two white students leave campus multicultural space because of their anti-Biden shirt and pro-cop laptop sticker

    https://www.dailymail.co.uk/news/article-10366483/Arizona-State-University-students-persecuted-guilty-harassing-two-white-students.html

    A pair of Arizona State University students have unleashed a nine minute diatribe after they were disciplined for taunting two white male students who entered the college’s multicultural space.

    On Monday, Mastaani Qureshi, an undergraduate and Sarra Tekola a graduate student posted a video on social media alleging ASU had carried out an investigation into their actions and called for them to write a three-page paper.

    1. Just based on Bill Gates saying in essence that a new vaccine is needed, I predict that they will announce a new vaccine rollout they can have in three months to deal with whatever variant they want to hype.
      People are getting tired of the fake vaccines with boosters, so they have to change the Narrative to keep the Pandemic going.
      Just like first round of creating a Pandemic, it will be go out and get the inaccurate test to create cases.
      The Pandemic that never ends.

  19. Looks like more Democrat-Bolsheviks are reading the writing on the wall and bailing as popular anger grows against these globalist Quislings.

    Now 24 House Democrats won’t seek reelection in 2022 as 72-year-old Bobby Rush – the only politician to ever beat Barack Obama – announces his retirement and Nancy Pelosi tries to cling to her party’s majority

    https://www.dailymail.co.uk/news/article-10367697/Now-24-House-Democrats-wont-seek-reelection-2022-Bobby-Rush-announces-retirement.html

    1. I just can’t fathom being that old (or even older) and still being in politics. Normal people want to be retired by the time they are that old, and for good reason.

    2. IL primaries were moved to the end of June for 2022! Only the most ardent progressives will vote in the primaries in a hyper secure D district. The house demcrats next year will be a majority progressives fighting against MAGA. It’s like 1864 all over again.

  20. Speaking of Evergrande, here is a comment which came in late yesterday:

    ———————
    oxide
    January 2, 2022 at 6:55 pm
    I’m waiting for the day that they can counterfeit Bitcoin. I’m sure [China] have a couple hundred (at least) hackers on it right now.

    IPFreely
    January 3, 2022 at 8:10 pm
    They are already counterfeiting Bitcon with Tether. This is the dirty secret behind the numbers. I read that Tether plowed a bunch of their cash into Evergrande bonds because of the high rate of return they need to fill in some of the holes and the mistaken notion that China wouldn’t allow them to fail. One of these days soon all of these tards are going to go from going bankrupt a little at a time to all at once and the media is going to pretend that no one saw it coming.
    ——————–

    Can anyone else expand on this? Links, articles? I have some Q:

    1. While Bitcoin brags about the upper limit on the number of Bitcoins, can the underlying Tether be infinitely printed, nullifying the Bitcoin upper limit? How does this work?

    2. I knew that Tether was investing in Evergrande, but why would Tether or Bitcoin have to invest in anything at all? Bitcoin isn’t an ETF or a bond fund, or at least it’s not supposed to be. I thought Bitcoin was supposed to be a currency unto itself, “backed” by the 22,000+ nodes and the mutual agreement of everybody on the blockchain. Bitcoin’s only real value is its anticipation of it being a legitimate currency. Without that, it’s just traceable black market barter at best and a flowerless tulip bulb at worst.

    3. What are the mechanics of how Tether underlies Bitcoin? I thought Bitcoin was stand-alone software.
    All of the explanations of Bitcoin go through the same song and dance about “solving complex math problems” to “add a new block to the chain” without mentioning Tether. I guess I’ll have to look deeper.

    The fall of Evergrande may not be our Black Swan event, but Tether taking down Bitcoin would be a Black Swan. And I would love for something to take down Bitcoin. I’m tired of Raoul Pal going off the rails, Saylor calling us horses, spambot/scambots blanketing YouTube, Max Keiser’s mug, ugly and smug, and myriad purple-hair GenZs telling me Okay Boomer, Educate Yourself, and Have Fun Staying Poor.

    1. The way I understand it is that Tether can be infinitely created to buy bitcoin with. Tether is offshore, unregulated, and does not report publicly so there is nothing to stop them from magically always having more to throw at bitcoin. The con is that they are supposed to always be convertible to a dollar so they have to have dollar reserves which is why they have cash that needs to be parked. Tether is the real ponzi.

      It’s a rabbit hole but there has been some good reporting on it here and there if you look. However, you don’t even have to subject yourself to that kind of torture, just search Tether’s involvement with El Salvador’s Bitcoin City Volcano Bonds. After reading about that, any reasonable person will not need to look any further to realize things are not exactly on the up.

    2. Not sure if my previous comment got stuck in moderation or got nuked but here is a good link to get started down the rabbit hole:

      https://www.singlelunch.com/2021/05/19/the-tether-ponzi-scheme/

      If you don’t want to torture yourself and just want a fun diversion that will clear up any doubts you may have about Tether, do a search on El Salvador’s Bitcoin City Volcano Bonds. I’m sure it will all be fine. Invest today! 🙂

      1. OK, thanks. I was also directed to a series about the Bitcoin ponzi, put together by one of the precious metal bugs. But are you saying that Tether is just buying bitcoin, not backing it? So there’s still an upper limit on the number of Bitcoin? I’ll look at your link.

  21. But…but…most popular president ever with 81 million votes!

    Biden disapproval hits new high as voters give him bad grades on economy, new CNBC/Change poll says

    https://www.cnbc.com/2022/01/04/biden-disapproval-rating-high-voters-blame-him-on-economy-cnbc-poll.html

    President Joe Biden’s disapproval rating hit a new high in December as more voters signaled their unhappiness with his administration’s supervision of the economy and the Covid-19 pandemic.

    Fifty-six percent of voters now say they disapprove of the job Biden is doing, the worst such reading of his presidency as he approaches the end of his first year in office, according to new CNBC/Change Research polls. Prior polls in the series showed Biden’s disapproval rating at 54% in early September and 49% in April.

    1. I wish these “bad polling numbers” actually had an effect on policies. His response to high meat prices is to blame the meat packers.

    2. But Babs Streisand says it’s the most superduper economy evah! Ironic that she called attention to a subject that, if I were in the Biden Administration, I’d want to avoid. She is not relevant any more, though she does have an effect on people, people who need people…🤮

  22. The typical modern home price in Klamath Falls, OR is $172k, which is doable for the people who got educated somewhere else and work for the local government, health care or utility service; the rest of the population are alcoholics and drug addled thieves who’ll steal anything not chained to the ground. Lacking civic or employment stimulation the favorite pastime is making babies while waiting around for the monthly government support.

  23. So long as real estate keeps going up, Zillow’s misfortunes are ignorable.

    “Zillow, which aimed to capture the gains from flipping homes by applying a high-tech algorithm to home valuations, discovered that the concept doesn’t work in markets as complex as residential housing. Last month it shut down its buying and selling business and announced plans to down the value of its remaining inventory by more than $500 million. Its market value has plummeted from nearly $50 billion to $15.5 billion.”

  24. The algorithm “works” when a bubble is being blown. It just doesn’t seem to be any good at predicting when the bubble will end.

  25. I ran across this …

    There Has Never Been a Better Time to Be a Speculator AND/OR a Storyteller – Howard Lindzon
    https://howardlindzon.com/there-has-never-been-a-better-time-to-be-a-speculator-and-or-a-storyteller/

    (snip)

    “To suppose a stock’s value is determined purely by a corporation’s earnings discounted by the relevant interest rate is to forget that people have burned witches, gone to war on a whim, defended Stalin and believed Orson Welles when he told them Martians had landed.” – Jim Grant

    (another snip)

    “A truth that applies to many fields, which can frustrate some as much as it energizes others, is that the person who tells the most compelling story wins. Not who has the best idea, or the right answer. Just whoever tells a story that catches people’s attention and gets them to nod their heads.”

    And here we are.

    1. How timely as I just posted about Tether’s involvement with El Salvador’s Bitcoin City Volcano Bonds. They are going to run their servers off a volcano and make the whole city rich!!!1!!11!

      Banking hasn’t been this much fun since The Mississippi Land Company lead to the French Revolution.

    1. Someday, when all is said and done, folks will come to the sad realization that the USA is actually one big psyop.

  26. I saw something funny and I guess encouraging about half an hour ago.

    Got done early and stopped by Chasewood Publix in Jupiter for a few things. They had most of what I wanted, the Gatorade shelves were empty as usual but I lucked out when I got to the dairy section. Although the Half &Half shelves were empty a kid had a full cart and was stocking those nasty Dunkin Donuts creamers so I asked if he had any Half &Half, he said quarts ok? I said give me 2 and we’ll call it a half gallon

    I started to walk away and that’s when a lady 5 coolers down said loudly… No cream cheese!?

    Just as she uttered those words a forty something Hispanic woman walking past her shook her head side to side and in a depressed voice said…

    Let’s Go Brandon.

    I burst out laughing and headed for checkout.

    PS

    About 1/4 of the shoppers were masked Woke Saint Fauci worshipers.

    1. Just as she uttered those words a forty something Hispanic woman walking past her shook her head side to side and in a depressed voice said…

      Let’s Go Brandon.

      I hope she voted for him, and that the lesson will not be forgotten.

      Just curious, what does “Hispanic” mean in your neck of the woods? Cuban, Puerto Rican, Central American?

      1. “Just curious, what does “Hispanic” mean in your neck of the woods? Cuban, Puerto Rican, Central American?”

        That’s a good question that until now, have put no time in to even considering.

        If I was answering on an SAT test I would probably say a person who is born and raised in a country where the language is Spanish. But I refer to people from Mexico, Honduras, Guatemala as Hispanic. But oddly enough, not Cubans or people from Puerto Rico.

        I have good friends from every country I mentioned above and for a kid who was born and raised in Old Greenwich Ct. not that I don’t have really good friends I grew up with, some of the best friends I have added to them in my adult life hail from Mexico, Honduras and Cuba.

        Anyway, I figure the forty something Hispanic woman at Publix this afternoon who shook her head side to side and and said Let’s Go Brandon was born in Mexico and has been living in the United States for decades and she’s OK in my book.

    2. I regularly talk to myself out loud whilst shopping at the local King Soopers (Kroger) and say things like “look at these prices, I can’t believe this!” intentionally in front of other shoppers.

      Plant the seed, initiate the conversation, give them some ideas to think about that Real Journalists never will…

  27. “A former San Diego real estate agent was sentenced Monday to more than five years in prison for orchestrating a fraud scheme that bilked investors out of millions of dollars.

    When your organization is founded on deliberate misrepresentation, offering investment advice without a license and filling your rank and file with ex-cons, crooks and unethical brain-deaders, this is bound to happen.

    Austin, TX Housing Prices Crater 16% YOY On Surging Mortgage Defaults And Soaring Inventory Across Texas

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

  28. Once a few of the collaborators are harshly dealt with perhaps they will realize their errors? Do they know they are easily trackable? Just a name and a few clicks on the Internet and their life is known.

    Dipsh1ts don’t realize their social media hubris will end them in a pool of their own body fluids in an alley or parking garage.

      1. At 1:20 Eva Braun’s great granddaughter enjoyed parking herself in SS fashion in front of the maskless old lady being taken down by the Nazi Storm Troopers.

  29. Where do you hide your mattress money when so-called risk free government bonds are losing 1% a year to inflation, due to negative real interest rates?

    1. The Financial Times
      Markets Briefing
      Coronavirus pandemic
      US Treasuries fall as fears subside over Omicron’s impact on recovery
      Shares in ecommerce and video conferencing groups that benefited from lockdowns also drop on Wall Street
      Analysts are increasingly becoming concerned that US equity markets are overly reliant on the performance of a group of large tech companies
      © AP
      Naomi Rovnick in London and Eric Platt in New York 3 hours ago

      Traders sold US Treasuries and shares in companies that have been boosted by pandemic lockdowns on Tuesday as market jitters about the Omicron variant eased and investors bet on tighter monetary policy.

      The yield on the benchmark 10-year US Treasury bond, which moves inversely to the price of the government debt, rose 0.02 percentage points to 1.65 per cent after climbing sharply on Monday.

      The sell-off pushed the yield on the 10-year Treasury to its highest level since late November, when the World Health Organization declared the Omicron coronavirus a variant of concern.

      Investors and strategists said the move in the $22tn US Treasury market signalled a growing comfort that the Omicron coronavirus variant would not hamper the recovery. The 10-year US Treasury real yield, which strips out the effect of inflation on the debt, climbed to minus 0.97 per cent, its highest level since mid-December.

  30. To all Virginia libtards stranded in your cars on I-95: this is what we on the right call on teachable moment. You voted for corrupt, incompetent Democrat-Bolshevik malgovernance, and Gov. Northam has delivered in spades. So instead of screeching that no one is coming to your rescue – since the VDOT is rife with incompetence and never plans for things like winter snowstorms – maybe next time you could STAY HOME during inclement weather, or, if you choose to travel, you could at least pack an emergency car kit that includes food & water.

    Virginia Gov. Northam says National Guard is on standby to assist stranded drivers who have been stuck without gas, water or food for more than 24 hours on I-95: 50 miles of highway remain closed and rescues continue

    https://www.dailymail.co.uk/news/article-10367741/Hundreds-drivers-stranded-95-Virginia-region-pummeled-major-snowstorm.html

    Virginia Governor Ralph Northam is now saying that the National Guard is on stand-by to assist stranded drivers who have been stuck without gas, water or food for more than 24 hours on I-95 as 50 miles of the highway remain closed and rescues continue.

    For the past day, furious travelers have been wondering if governor-elect Glenn Youngkin could be sworn into office before he was originally scheduled to on January 15 as they call Northam an ’embarrassment of a governor’ and a ‘fool’ for not sending out the National Guard to help drivers who have been stranded in their cars without food or water for nearly 24 hours.

    ‘Youngkin hasn’t been sworn in yet. Come back in about ten days and if those people are still stranded I bet he’ll do something about it,’ one person tweeted after Northam seemingly went missing after a single tweet about deploying state and local emergency personnel posted at 8.17am.

  31. Developers could build a record number of rental units in Philadelphia in 2022
    Based on the record number of murders in 2021 I would have to question if they are really going to need all these apartments.

  32. Is a housing market crash on the way in 2022?
    Real Estate | 4 hours ago | Kyle Backer and Elinor Tutora

    Last year was anything but normal — especially in Arizona’s residential real estate market. Median sale prices rose in Phoenix from $325,000 in January 2021 to $404,300 by October, a 24.4% increase, according to real estate website Redfin. Houses listed for sale saw fierce bidding wars with buyers willing to contort themselves to meet sellers’ demands, which include such concessions as renting the home back to the sellers for a period while they found a new house to purchase. Can this continue, or is there a potential housing market crash on the way in 2022?

    Efforts to boost the housing supply through new construction also faltered as the industry experienced acute shortages. Steven Hensley, senior manager at Zonda, a housing market analysis platform, notes that the strained supply chain created material constraints that caused major sticker shock for would-be buyers of new homes.

    “In terms of annual appreciation for homes, 30% is an outrageous number. Imagine the price of anything going up by 30% in one year,” Hensley says.

    With the new year, will the market continue an upward trend in home prices, or is it due for a correction — perhaps even a crash?

    Fire in the auditorium?

    One way to help ease the supply issue is to simply build more housing to meet the demand. But Ivy Zelman, CEO of Zelman & Associates, believes that the U.S. as a whole is overbuilding.

    “When we think about what drives the need for shelter, it’s based on household growth, homes that get demolished that need to be replaced and any required excess vacancies. Those three components drive our overall normalized demand figure,” she explains. “That equates to approximately 1.3 million units per annum between now and 2030. When you look at the pipeline of what’s coming, we will be overbuilding once those homes get completed by north of 20% for single-family homes and 10% for multifamily.”

    Zelman adds that market conditions are more complicated than having a glut of everyday buyers. Record low interest rates have fueled strong primary demand, along with a desire for more space during the pandemic. But she argues that low rates have also incentivized investors, which includes second-home purchasers, private investors seeking diversification, fix-and-flip investors, institutional investors and iBuyers such as Offerpad.

    “Houses are getting gobbled up by more than just our schoolteachers, firemen and healthcare workers. It’s not the primary buyers alone,” Zelman says. “This enables velocity, which we define as homes that are available for sale at the end of the month and then sold subsequently in the next 30 days. Prior to the pandemic, the average velocity of the U.S. existing home sale market ran about 21% going back to 2000. Fast forward to January and February of 2021, and it was at 50%.”

    Velocity rates have since fallen to 43%, which is still more than double the average of the past two decades. Zelman explains that velocity is so high because homes are bought up as soon as they are listed, which is driven by primary buyers competing with cash buyers. The concern is what investors decide to do if the market starts to dip.

    “The level of units under construction is the highest that it’s been in decades. The question is, where are all these bodies going to come from, unless the investors are still going to be willing to keep buying and keep buying on top of the primary buyers,” she says.

    Harbinger of things to come?

    People and companies that purchase homes as investment vehicles rather than shelter are more likely to be “non-sticky buyers,” meaning they’re more likely to quickly sell as market conditions change, plunging the market down further. Primary buyers are more likely to be “sticky” and not sell if home values start to drop.

    Zelman points to Zillow, which recently exited the iBuyer business after overpaying for houses and selling them at a loss, as a harbinger of what could come.

    “The iBuyer business model is to sell. They do not hold an asset. If the market moderates and they are not able to sell that house at whatever incremental cost they incurred to refurbish it, they’re going to blow it out,” she argues. “What does that do to the zip code where you have a lot of homes that are now for sale? If you live next to a home sold to an iBuyer, it may hurt your valuation because they must sell. That starts to ripple through to the market, combined with every other type of investor that’s not sticky.”

    Zelman continues, “There’s no fire yet in the auditorium, but we don’t want the people who follow us to be there when the flames start. We’re trying to be cautionary, so people are thoughtful about what’s driving that velocity and surge in home prices.”

    1. I’ve loved Ivy Zelman’s calm, resolute warnings in the face of housing hens’ and debt donkeys’ insane behaviors throughout the bubble years.

      In can’t wait until she gets to start writing “I told you so” type articles once again.

  33. Oh ye collaborators thy time is nigh! For soon a father who refused the shot and lost his children to his Karen wife leaving him will find you. And as he walks up and you see the instrument of your death in his hands remember one thing. You deserve it.

  34. COVID positives ripping through my communities. I just got an email from my son’s school principal: “eleven individuals on our campus have tested positive for the virus that causes COVID-19. As required by current public health guidelines, these individuals are currently in quarantine. The eleven cases are community-based. . . . Community-based DOES NOT potentially impact individuals’ health and wellness at our school because COVID positive individual(s) have not come onto campus or within close contact during their infectious period as defined by the CDC.” My son’s ABA supervisor is also in quarantine after exposure to her unvaxxed and symptomatic COVID+ neighbor who supposedly had COVID last year. January is going to be fun!

    1. As required by current public health guidelines, these individuals are currently in quarantine.

      If they are quarantined, that means no symptoms, meaning they are not sick.

      1. Just how many of the 500,000 “cases” reported every day are bogus asymptomatic “cases”? 300,000? 400,000? 450,000? I looked on worldometers and Mexico only had 3000 cases yesterday. Something, as usual, is rotten in Denmark.

      2. I know for a fact that two of those individuals were symptomatic: a student and an instructional assistant, both children of my son’s teacher.

    1. Redpilled,

      Remember the friend I have talked about who had the 4 styes after being vaxxed, now he has cancer.
      His doctor is putting him on STAT tests to confirm liver cancer I guess. I knew I was going to get a call from him about something.
      When he got the second shot his legs were giving out on him, but that went away, than the eye problem, now this.
      I think its all vaccine related, but they will probably not connect those dots. Just terrible!

        1. I remember him. I believe what finally convinced my dad and step-mother not to get boosted was the information I sent them about the connection between the jabs and cancer growth. My step-mother is in remission from breast cancer.

          1. I had finally convinced him not to get boosted, against his Dr telling him to get boosted. Want to bet he will probably get boosted now because he is in a health emergency. Than the booster will probably polish him off.
            This madness is hard to witness, and I know a lot of older who are going for the booster now.
            Just unbelievable, and they are being lead to some kind of slaughter, and I can’t do shit about it because they are in a trance.

      1. Housing Wiz, check this out. Available on Amazon in multiple packs. Took for a little while, got to start again. Tasteless in some yogurt or whatever appeals to him.

        Joe Tippen references on Twitter. AFAIK, still alive:
        https://twitter.com/search?q=Joe%20Tippens&src=typed_query&f=live

        Site with information on research, dosing:
        fenbendazole.org
        https://www.fenbendazole.org/

        I have to be checked soon (one year since op in November.) I can send you other links if interested, t.boomdea@cox.net .

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