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Consumers That Were Previously Approved Are No Longer

A report from the Philadelphia Inquirer in Pennsylvania. “For most families, owning property is the primary way they build wealth. As prices start to cool off over the next few years from sky-high growth, some people may find that their homes are worth a little less than what they paid, but that’s not necessarily something to worry about, said Jacob Channel, senior economic analyst at LendingTree. Real estate is a long game, and those who hold on to properties for the next 10 or more years should still come out ahead, he said.”

“As prices continue to rise and homeowners build equity, aspiring buyers also need to be able to afford to purchase the homes that go on the market, which can be increasingly difficult. Wage growth hasn’t kept pace. In the Philadelphia metropolitan area, wages grew 2.8% annually over the last five years, according to a National Association of Realtors analysis. During that time, home sales prices grew 6.7% annually. ‘Home ownership is good, but if only the wealthy already and those who have higher income can tap into that, we need to find ways to widen that accessibility to home ownership,’ said Gay Cororaton, senior economist at the National Association of Realtors.”

The Mountaineer in North Carolina. “In Haywood County, the median home sales price for 2021 was $311,000, a 19.7% jump from $259,900 in 2020.Compared that to 2017, when the median sales price was $194,000, a 60.3% price hike. ‘What’s really driving the market in Haywood in short-term rentals,’ said Tom Mallette of the Mallette Real Estate Team with Better Homes and Gardens Real Estate. ‘A lot of those folks consider themselves investors. They’re buying those homes in hopes of getting a return on investment.'”

From Deseret News in Utah. “In a matter of six years, the annual income needed in order to afford the median-priced home in Salt Lake County has nearly doubled.In 2015, the median-priced home in Salt Lake County cost about $248,400. The annual income required to buy a home with that price tag was about $58,100, according to the Salt Lake Board of Realtors. Now fast forward to 2021. Homebuyers needed to earn over $100,000 a year — $101,400 — in order to afford Salt Lake County’s median-priced home of $460,000, the board said in a report. Despite soaring prices, the board says ‘there is no sign of a housing bubble.'”

The Connecticut Mirror. “Preliminary state data shows that fewer building permits for new housing were granted in 2021 than in every year since 2011, further contributing to Connecticut’s housing shortage. ‘[The] new housing market sector is not performing as [well] as previous years,’ said Kolie Sun, a researcher with the DECD. She’s been collecting this data for 20 years. Greg Ugalde, a Connecticut-based builder, predicts that Connecticut may continue to see low numbers of new housing units, but he said that shouldn’t come as a surprise. The state has been recording low production numbers since the 2008 housing market crash.”

“‘When you look at the number that we have today, we are still struggling to get Connecticut back to where we need to be. We have never really recovered from the last recession,’ Ugalde said.”

From Inside Nova in Virginia. “Blame omicron, blame the holidays, blame the arrival of winter, blame a lack of inventory – heck, blame all four if you’d like – but homebuyer interest cratered across the region in December, according to new data. But in Arlington, things remained, if not red-hot, at least reasonably warm. The decline suggests that many prospective purchasers have found homes during recent months, while others may have decided to hold back for a variety of reasons, from the general seasonality of the market to pricing getting out of hand.”

“The T3 data show a ‘significant decline in buyer activity compared to the very busy market earlier in the year,’ Bright MLS analysts said. ‘Prospective buyers are becoming discouraged by a lack of options.’ Buyer interest in the higher-priced single-family and condo markets took some of the biggest hits.”

From BK Reader in New York. “More than two dozen people turned out last weekend to support longtime Brooklyn resident Victoria Stennett in her dispute with Emigrant Bank and to call out the bank’s alleged unfair and racist lending practices. Stennett, founder of the My Black Money Matters organization, has been embroiled in a legal battle with the bank. The bank is now demanding nearly $4 million from Stennett, or has said it will seize both her Amersfort Place, at the center of the dispute, and another property she owns. ‘They are just predatory lenders,’ Stennett told BK Reader.”

The Guardian. “Banks in New Zealand are rejecting home-loans over minor frivolous spending, including a $187 Kmart Christmas shop and a daily drink bought at a corner store, and money spent on pets or petrol, pushing the government to investigate whether banks are overreacting to new finance rules designed to protect vulnerable borrowers from predatory lenders.”

“‘One in five mortgage loan approvals appear to have been hit by the new CCCFA regulations. Consumers that were previously approved are no longer,’ Centrix managing director Keith McLaughlin said, adding that this amounts to a decrease in lending of $1.9bn from November to December.”

The Daily Telegraph in Australia. “Tenants prioritising space over accessibility during the Covid pandemic has driven up rents for houses, while unit rents have dropped, a new report shows. PropTrack director economic research and report author Cameron Kusher said the underperformance of units dragged Sydney rents over the past year. ‘The pandemic has driven a desire for more space at home, so renters have shown a strong preference for houses as opposed to units,’ Mr Kusher said. ‘The lack of migrants, particularly students, coming to Sydney has had a big impact on demand for unit rentals. With more supply of unit rentals on the market, prices have fallen.'”

From Bloomberg. “Fresh turmoil rocked Chinese property bonds on Monday on concern over the true scale of the industry’s hidden debts, deepening a selloff among higher-rated firms. A Logan Group Co. note due 2023 sank 14.1 cents to a record low 62.9 cents after Debtwire reported the developer could be on the hook for $812 million of guarantees on outstanding obligations due through 2023. Country Garden Holdings Co.’s bond due 2024 tumbled 12.9 cents to 67.7 cents, extending last week’s selloff for the country’s biggest developer.”

“Mounting concerns about the transparency of China’s better developers is forcing bondholders to question the liquidity of firms whose finances appear sound. More debt would mean more creditors, some of whom could demand early repayment. There’s also the risk that hidden liabilities like trust loans, private bonds or high-yield consumer products receive preferential treatment over money owed to offshore creditors. China Evergrande Group, Kaisa Group Holdings Ltd. and Shimao Group Holdings Ltd. have all faced such obligations.”

“‘Risks across the Chinese property sector are rising, evident from difficult refinancing conditions for even the most well-regarded firms,’ said Wei Liang Chang, a macro strategist at DBS Bank Ltd. Greater clarity on the disclosure of liabilities as well as asset sales are crucial to shore up confidence, he added.”

The New York Times. “Construction and property sales have slumped. Small businesses have shut because of rising costs and weak sales. Debt-laden local governments are cutting the pay of civil servants. Stringent regulations on everything from internet businesses to after-school tutoring companies have set off a wave of layoffs. Kang Shiqing invested much of his savings nearly three years ago to open a women’s clothing store in Nanping. But when the pandemic hit a year later, the number of customers dropped drastically and never recovered. He finally closed it in June. ‘We can hardly survive,’ he said.”

“The building and fitting out of new homes has represented one-quarter of China’s economy. Heavy lending and widespread speculation have helped China erect the equivalent of 140 square feet of new housing for very urban resident in the past two decades. This autumn, the sector faltered. The government wants to limit speculation and deflate a bubble that had made new homes unaffordable for young families.”

“There have been faint hints of renewed government support for the real estate sector in recent weeks, but no sign of a return to lavish lending by state-controlled banks. The financial distress of Evergrande ‘is a signal that money will be pushed from real estate to the stock market,’ said Hu Jinghui, an economist who is the former chair of the China Alliance of Real Estate Agencies, a national trade group. ‘The policies can be loosened, but there can be no return to the past.'”

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This Post Has 157 Comments

  1. ‘Banks in New Zealand are rejecting home-loans over minor frivolous spending, including a $187 Kmart Christmas shop and a daily drink bought at a corner store, and money spent on pets or petrol’

    And the avocado sandwiches, don’t forget those.

    Nothing about price per square foot, shortages. It always comes back to loans and credit.

  3. ‘Fresh turmoil rocked Chinese property bonds on Monday on concern over the true scale of the industry’s hidden debts’

    As an accountant, I can’t describe how fooked up this situation is. These are vast sums. So the accountants, the auditors and probably the credit raters are a lion. As for the raters, they are at best incompetent. You aren’t reading any of these questions in the globalist scum media, are you?

    1. I really enjoyed this question you posted in the first post on yesterday’s thread:

      “Ever notice how China is the only country where the globalist scum media talk about social stability?”

      You can’t be a globalist and be an American.

      This isn’t your country.

      1. It’s one standard for the rest of the world, another singular standard for the chicoms. They use it openly but no one ever asks them why. Is it admitting that at any moment a billion people could march in Beijing and hang that bashtard pooh bear and all his criminal friends? They disappear people and have for decades. Organ harvesting of their political foes: how sick is that? Religious and ethnic slave labor camps. Jeebus these people are monsters and we’re supposed to be informed of social stability?

        1. The DNC looks at their CCP ideological fellow travelers with open envy, yearning for the day they too can wield such unchecked power and deal with their opponents with the same arbitrary brutality and malice. Forward, Soviet!

  4. ‘set off a wave of layoffs. Kang Shiqing invested much of his savings nearly three years ago to open a women’s clothing store in Nanping. But when the pandemic hit a year later, the number of customers dropped drastically and never recovered. He finally closed it in June. ‘We can hardly survive’

    The collapse of a bubble cuts the economy off at the knees. And nobody has relied more on bubbles than China.

    ‘forcing bondholders to question the liquidity of firms whose finances appear sound. More debt would mean more creditors’

    No!

    ‘There’s also the risk that hidden liabilities like trust loans, private bonds or high-yield consumer products receive preferential treatment over money owed to offshore creditors’

    AKA fook the gringos.

  5. Bend, OR Housing Prices Crater 12% YOY As Default Rates Soars On Surging Unemployment And Crime

    https://www.movoto.com/bend-or/market-trends/

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

  6. ‘When you look at the number that we have today, we are still struggling to get Connecticut back to where we need to be. We have never really recovered from the last recession’

    Greg has realized that building shacks doesn’t produce wealth!

    1. An entire economy built on ever-increasing shelter prices seems an unimaginable folly, yet here we are. The history books in a few hundred years will no doubt ridicule the politicians and central bankers of this era. These people are fraudsters through and through, looting the treasury for personal gain.

  7. https://finance.yahoo.com/news/crisis-impacts-major-developer-country-004004757.html

    ‘Concerns about concealed debt at Logan Group Co. fueled a heavy selloff in Chinese dollar bonds, both investment-grade and and high-yield’

    Another day, another Chinese firm you never heard of goes crater.

    ‘Logan’s 2023 note sank 14.7 cents to a record low 62.3 cents after Debtwire reported the developer could be on the hook for $812 million of guarantees on outstanding obligations due through 2023. Concerns are weighing on a broader pool of China high-yield property issuers, which are headed for a 10th straight drop’

    ‘Strategists Kenneth Ho and Chakki Ting say stresses are piling up after the pick-up in proposals for bond exchanges or maturity extensions. They now expect a 19% default rate for high-yield developers, up from a previous estimate of 11.5%’

    Is 19% a lot?

    1. $812 million of guarantees

      So these are, what, billion-dollar operations? It wouldn’t be hard to find a couple hundred of these things going bust. At a billion each, they would add up to Evergrande, which was something like $300 billion? Someone check my numbers.

    3. And China is just printing to try to cover all of this up. Fiat currencies are finished – ALL OF THEM. For the record, China announced they are lowering interest rates today.

    4. “…Debtwire…”

      Debtwire is the trusted provider of data, news and analysis on the global credit markets.

      Real information costs money!

  8. “From Inside Nova in Virginia. “Blame omicron, blame the holidays, blame the arrival of winter, blame a lack of inventory – heck, blame all four if you’d like – but homebuyer interest cratered across the region in December”

    Well I’ll be a monkeys uncle! Welcome To CraterLand!

    Annandale, VA Housing Prices Crater 27% YOY As Double Digit Price Declines Saturate Northern Virginia

    https://www.movoto.com/annandale-va/market-trends/

    1. They could also blame the ever-changing w@h environment. Every contractor and government agency is putting out different guidance for who can work at home and when. Do you get full-time w@h and can move anywhere. Do you get 2-3 day/wk at home and have to stay in the area. Do you still need or want that home office. Were you supposed to go back to an office on a certain date but that date got pushed because of Omicron. Lots of uncertainty there, and no one wants to buy into uncertainty.

          1. I suspect she works for NIAID or NIH.

            When I graduated from school I had an opportunity to work for the Feds. The thought that I could have become part of the deep state sends chills down my spine.

          3. Um . . . your employer and the CIA?

            A level of indirection at least. Plus I’m not in the “Big Data” group that helps the cabal collect Covid data. Big Red also got left out in the cold when DOD awarded its “JEDI” cloud contract to Microsoft, though it is my understanding that JEDI was cancelled.

            Also, now that the mandate has been struck down, we at Big Red have been told we don’t have to be jabbed. The company could have implemented a company mandate to suck up to the Brandon regime.

            But yeah, even that minimal association sucks. And, BTW, it was the FBI that tried to recruit me. I could have been a G Man.

          4. Based on her comments and living in MD, I suspect she works for NIAIDor NIH.

            ***shivers*** A Fraudci disciple.

  9. “The Connecticut Mirror. “Preliminary state data shows that fewer building permits for new housing were granted in 2021 than in every year since 2011, further contributing to Connecticut’s housing shortage. “

    “Shortage”? Really? 🤣🤣🤣

    Take a drive through any town in CT and then get back to me on this shortage thing….. I bet you can’t keep a straight face(unless you’re a realtor).

    Brooklyn, CT Housing Prices Crater 29% YOY On Surging Inventory And Plunging Demand

    https://www.movoto.com/brooklyn-ct/market-trends/

  10. American Thinker — Pfizer CEO Albert Bourla Makes Startling Admissions About the Vaccines (1/17/2022):

    “It has been conservatively estimated at least one hundred and fifty thousand Americans have died as a result of the Covid injections. The true number, however, is probably closer to three hundred thousand.

    Most of these deaths have not been widely reported or publicized, because the vast majority were just ordinary people. The establishment did its best to keep them hidden and it has largely succeeded.”

    https://www.americanthinker.com/blog/2022/01/pfizer_ceo_albert_bourla_makes_startling_admissions_about_the_vaccines.html

    The Day Of The Rope is coming…

    1. The link to this Atlantic article as displayed reads:

      “The Silent, Vaccinated, Impatient Majority”

      But when opening the article it is re-titled with the heading:

      The Rise of Anti-anti-vax Politics (1/17/2022):

      “As patience with the pandemic wanes, leaders in widely vaccinated democracies are deploying a new political strategy … As patience with the pandemic wanes, leaders in widely vaccinated democracies are deploying a new political strategy.”

      https://archive.fo/zOzXe

      Archive link provided because we do not give clicks and revenue to globalists.

      The author of this article is based in London, and the content of the article is mostly about Europe and Australia, but this being The Atlantic, it targets its primarily American audience.

      This American readership is, in fact, not the majority of anything. It does not reflect any public sentiment that extends beyond the editorial boards of the New York Times or Washington Post.

      This non-majority was, in fact, never elected to govern anything in the United States.

      We will *NEVER* allow our country to get cucked like Europe or Australia.

      1. Edit — the second paragraph of the quote is supposed to read:

        “But many in the vaccinated majority, whose patience with the pandemic and compassion for their unvaccinated counterparts is growing thin, may feel a kind of relief: After almost two years of COVID-19, their leaders are telling them exactly whom to blame.”

        Related topic: Real Journalists are trying to quash the rumors that French PM Macron’s “wife” was born a biological male.

        The jolly pranksters of 4chan are claiming that he married his uncle, LMFAO.

      1. They want to get rid of any whistleblowers or anti vaccine heath care workers, by heath care worker mandates . .
        Than just a bunch of yes people, not reporting injury and death from vaccines, and workers giving the mal practice killing protocols of the Fauci and friends killing spree.
        The medical system captured .

      2. Paraphrasing the speaker:

        “more children have died from the vaccine than from COVID”

        Globalists gonna globe.

        1. And I’ll bet that a non trivial percentages of those kids will be infertile when they reach adulthood.

          1. Go to your nearest Wal-Mart & behold all the chromosomal disasters lurching about. Now add in whatever DNA effects the “vaccines” are going to have, and a generation from now its going to look like the Star Wars bar scene.

    3. from the Americanthinker article:

      “He said, among other things, that the two original Pfizer injections provide no protection against COVID-19.”

      Why would the CEO of Pfizer publicly say such a thing? Oh, guess what, he didn’t say that at all.

      Be careful out there!

      1. Why would the CEO of Pfizer publicly say such a thing?

        To motivate the bedwetters to get “boosted”?

    4. “It has been conservatively estimated at least one hundred and fifty thousand Americans have died as a result of the Covid injections.

      Just to be clear, Bourla never conceded this. All he conceded was that two jabs are useless. He is pushing boosters and Pfizer’s new magic pills.

      1. All he conceded was that two jabs are useless.

        against Omicron. Pushing revised jabs soon to be available.

        1. That too. The new and improved corona jab, plus there will be new mRNA jabs for the flu and other diseases that already have old school vaccines, which at least have an actual safety track record.

          I wonder how many children will drop dead from the new mandatory jabs (no jabs, no school). And how many parents of the dead kids will say, like hypnotized zombies, that it was the right thing to do and they would do it again?

          1. Get the #Narrative correct.

            Yes, your children died, but it was a much less tragic death than had they not been vaccinated.

      2. Thank you, Colo and Blue. It seems we have to go to original quote and scientific sources these days. I’ve seen far too much “interpretation” in both the MSM and antivax media which do nothing but twist data.

    5. “It has been conservatively estimated at least one hundred and fifty thousand Americans have died as a result of the Covid injections. The true number, however, is probably closer to three hundred thousand.

      The CEO of Pfizer said this? WHOA, I never heard that.

        1. I should have read all of the comments below before posting. Sometimes I comment before reading the entire string, which I should not. Had I read, I would have seen that the quote was pulled from somebody else entirely, but the way Deplorable posted it led me to believe it was attributed to the Pfizer CEO. My mistake.

          1. Please don’t blame Deplorable. Blame the article that he quoted. Things are being slanted and twisted from all sides.

          2. Please don’t blame Deplorable. Blame the article that he quoted. Things are being slanted and twisted from all sides.

            Haha. I wasn’t, so don’t you worry your pretty little face.

      2. conservatively estimated at least one hundred and fifty thousand Americans have died as a result of the Covid injections

        Via 12 different ways by Steve Kirsch

      3. The CEO of Pfizer said this?

        The board would boot his butt for that before you could blink!

  11. Real estate is a long game, and those who hold on to properties for the next 10 or more years should still come out ahead, he said.”

    When the Fed & Brandon hurtling us down the road to a full-blown financial collapse, that seems like horrible “advice.”

    1. Real estate is a long game, and those who hold on to properties for the next 10 or more years should still come out ahead, he said.”

      Aside from the fact this is a complete lie, the motive here is to head off a DebtDonkey stampede out of their mortgages.

      Too late.

      1. How does one “stampede out of the mortgage?” By selling? I guess jingle mail is an option, but then the FB would lose a fair amount of PITI payments.

        1. the FB would lose a fair amount of PITI payments.

          Sunken cost. The payments were lost when they were made. It’s not like you can cash them in.

    2. Real estate is a long game, and those who hold on to properties for the next 10 or more years should still come out ahead, he said.”

      Houses break all the time. They nickle and dime you to death. Every time you think you’re finished repairing or replacing everything, something else sh!ts the bed. And then when you finally think you’ve reached the end, like painting the Golden Gate Bridge, it’s time to start all over.

      Houses: Bleeding people dry since the beginning of time.

  12. Wage growth hasn’t kept pace. In the Philadelphia metropolitan area, wages grew 2.8% annually over the last five years, according to a National Association of Realtors analysis. During that time, home sales prices grew 6.7% annually.

    Real inflation, per shadow stats, is running at ~15%, so in real terms the 99% are steadily losing economic ground.

    1. What they slipped in there: price increases 6.7% every year (compounded, BTW), incomes 2.8% over five years.

      1. Looks like gas at the pump is headed higher.

        Three dead, six injured in Abu Dhabi tanker fire; Iran-backed Houthis claim attack

        https://english.alarabiya.net/News/gulf/2022/01/17/Oil-tankers-explosion-fire-in-Abu-Dhabi-potentially-caused-by-drones-Police

        Three people were killed and six injured in a fuel tanker explosion in Abu Dhabi, state news agency WAM reported.

        One Pakistani and two Indian nationals were killed, and six others were wounded with injuries ranging from light to medium, when the incident took place at 10am on Monday, according to WAM and ADNOC.

      2. “according to a National Association of Realtors”

        They just can’t get enough of the appraisal fraud can they….. until….

  13. ‘What’s really driving the market in Haywood in short-term rentals,’ said Tom Mallette of the Mallette Real Estate Team with Better Homes and Gardens Real Estate. ‘A lot of those folks consider themselves investors.

    Die, speculator scum. Local communities need to start treating STRs like what they are: commercial businesses operating in residential neighborhoods & pricing out locals.

    1. Haywood County is outside of Asheville, but how much STR can you support there? Biltmore is popular, but can’t host that many visitors. The Asheville clubbing scene? Maybe Smoky Mountain National Park? I visited SM just pre-pandemic and news flash: there’s nothing there. It’s just a big forest with hiking trails, a few seasonal campgrounds, and Clingman’s Dome. No kayaking or swimming or historic sites or re-enactors or pavilions or even hot showers. I would have done better in any decent-sized state park.

      1. There is lots of swimming, kayaking, and other points of interest inside the Great Smoky Park but it sounds like you were on the wrong side of it. However, The Great Smoky Park is just one small piece of the Cherokee Nat’l Forest which has everything an outdoor enthusiast could ever want. It is one of the nation’s gems. In your defense though, most people completely miss out on these facts and wind up in Pigeon Forge gorging on junk food and way overpriced carnival attractions. It’s such an odd slice of Americana. Worth doing once to get it over with but then actually doing your own research on the park system. My guess is you went up from the NC side and didn’t get the full scope. It took me years to figure that park out.

        1. I came in on the Tennessee side, including through Pidgeon Forge and Gatlinburg. I didn’t fall into any of the tourist traps, but I did buy a bottle of blueberry vinegar in Gatlinburg; naughty me. SM and Clingman’s Dome are definitely day trips. I looked up SM activities to see what there was and all I found was cold-water camping. The local state park of my childhood had a lot more.

          Anyway, the main thing is, I’m looking for reasons for Asheville to be so stuffed with STR. It can’t be Gatlinburg, or else the STRs would be on the Tennessee side. I guess there are a lot of hikers who go into SM during the day and have lib parties at night.

          1. The Cades Cove side has the good river which flows out thru Townsend. It also has The Scenic Parkway which is supposed to wrap the whole park but hasn’t punched all the the way thru yet. I only visit that side now and sometimes take The Dragon up to Fontana. Fontana is the huge lake you can see from Clingman’s. There is a funky old cabin resort town there that even has a lazy river. It has free 18 hole mini golf and they even sell you beer to take on the course. It is one of the best kept secrets in the region. One interesting factoid is that Fontana and the little river in Asheville both flow to TN instead of out to the Atlantic. Geologists claim that the rivers were there before the mountains which is why they seem to flow the wrong way. Fontana and Townsend are probably what you were looking for but they don’t have the marketing power that Pigeon/Gatlin does.

            I don’t understand the interest in Asheville either. Sure, it is in the mountains which is great, but as a destination it seems wayyy over hyped and boring.

      2. Gatlinburg, TN is the main attraction. It’s like a more scenic Wisconsin Dells with fewer water Parks. The SM are mere day trips.

    2. I never thought about communities taking that angle to deal with the AirB&B crowd. Couldn’t cities ban these 2nd home renters using commercial zoning laws considering most neighborhoods aren’t zoned commercial?

      1. Or they could just subject them to the same regulations as registered BnBs and hotels: taxes, inspections, regulations, insurance, etc. Or ban STRs which aren’t the owner’s primary residence. So people can still rent out a room for extra cash, but not set up nightly whole-house parties.

  14. Stennett, founder of the My Black Money Matters organization, has been embroiled in a legal battle with the bank. The bank is now demanding nearly $4 million from Stennett, or has said it will seize both her Amersfort Place, at the center of the dispute, and another property she owns. ‘They are just predatory lenders,’ Stennett told BK Reader.”

    Banks going after FBs of color for the arrears they owe? Das rayciss!

    1. Beijing is like Mecca for our creepy globalist oligarch tech companies, who salivate over China’s leading-edge Orwellian surveillance and control systems.

    2. Why HAS the Winter Olympics gone to Beijing?

      For the same reason the World Cup will be played in Qatar this year: Both the IOC and FIFA are corrupt organizations.

      Another thing they have in common is that it is likely that neither will have any tourist dollar spending spectators, due to the Covid hysteria.

      Qatar spent about $7B building soccer stadiums that will have no practical use after the World Cup, as none of the local clubs will be able to generate enough revenue to pay for their upkeep. And now it is possible the matches will be played in nearly empty stadiums, with only locals in attendance. I doubt many Qatari’s will show up to watch Canada play Paraguay.

      QATAR 2022 is considered the greatest boondoggle in soccer’s history. Host countries typically already have the required infrastructure to hold the World Cup. The last boondoggle I can remember was when Brazil built a new stadium in a jungle town that only had a minor league team.

      1. World Cup is in November. Either Rona will be over, or we will be over it. My guess is that these committees choose these poorer countries as a globalist plot to force rich countries to provide development aid to the host country.

        1. Qatar is an oil kingdom. It has one of the highest GDP per capita numbers in the world. It is not a “poor country”. The word is that the Emirate bribed FIFA officials to be awarded the World Cup. Unlike the Olympics, hosting the World Cup is still desirable, especially for countries that already have the stadiums needed.

          Qatar is spending its own money to build the venues, which will be state of the art. This was supposed to be a showcase event for them, a way of flaunting their wealth. Whether or not there will still be Covid hysteria this Autumn is up in the air. I thought that once Delta burned out it would be over, then Omicron appeared, and even though it is far less dangerous the global hysteria continued. If the Euros restrict travel this fall because of “Omega” (or whatever it will be called) the Qatar World Cup might be a bit lonely.

          1. The world is in hysteria because of case count and leftover Delta hospitalizations. Plus the quarantines are taking people out of the workforce. I’m hoping that John Campbell is right in that Omicron is going to burn out in a few months. Then the globalists will have nothing to hang their hysteria on.

          2. Keep in mind that many countries have a “zero covid” policy and will lockdown for even a handful of cases.

  16. This is a urine soaked mattress article.

    Huffington Post — Living In The Florida County That Became A Breeding Ground For Capitol Rioters (1/6/2022):

    “Brevard County, Florida, home to NASA’s Kennedy Space Center and the SpaceX project, typically makes headlines for sending people beyond Earth. Recently, however, it has drawn attention for a different reason: the number of residents it sent to Washington, D.C., on Jan. 6, 2021.

    Federal authorities have accused seven Space Coast locals of taking part in the historic attack on the U.S. Capitol, giving Brevard County the dubious distinction of having the sixth-highest number of people arrested in the riot investigation in the country, according to a George Washington University analysis.”

    https://archive.fo/szklK

    The 2020 election was stolen.

    We’re taking our country back.

    1. How does a 36 year old accountant still have $20,000 in student loan debt? Sure, a Victim’s Studies major would, as they are unemployable, but an accountant?

      1. “…referring to the Public Service Loan Forgiveness (PSLF) program, a federal program that forgave his debt after 10 years of working in the public interest and making payments.”

        He must have borrowed heavily if he had already been making payments for 10-yrs.

      2. Defer, refi, consolidate, defer again, refi some more, etc etc. I knew an attorney who had been out of law school for years and then refinanced/consolidated his loans into a 30 year loan.

  18. “‘One in five mortgage loan approvals appear to have been hit by the new CCCFA regulations. Consumers that were previously approved are no longer,’ Centrix managing director Keith McLaughlin said, adding that this amounts to a decrease in lending of $1.9bn from November to December.”

    New Zealand cucks elected a globalist Quisling regime. Here’s the end game, Kiwi sheeple: the banks, vulture funds, & globalist oligarchs will own it ALL. You’ll own nothing and you’ll like it. Say, seems like there’s an agenda in play here.

    1. “One in five mortgage loan approvals appear to have been hit by the new CCCFA regulations. Consumers that [sic] were previously approved are no longer,” Centrix managing director Keith McLaughlin said

      Consumers who were previously approved…

      BASTARDIZED: Charlton Heston screams, “Consumers are People!”

    2. You’ll own nothing and you’ll like it

      And, if the polls can be believed, Arden is Kiwiland’s most popular PM of all time. Mencken was right, voters get what they deserve, good and hard.

  19. “Fresh turmoil rocked Chinese property bonds on Monday on concern over the true scale of the industry’s hidden debts, deepening a selloff among higher-rated firms.

    This is my “cognitive dissonance” face. ABQ Dan assured us the CCP cadres were scrupulously honest with their financial bookkeeping & reporting requirements. Now it transpires that all manner of fraud & tomfoolery was taking place? My illusions are shattered.

  20. PBOC trying to defer the inevitable. The CCP comrades are starting to sweat, as China’s history is replete with examples of what happens once its corrupt, unaccountable mandarins lose the Mandate of Heaven and the oppressed peasantry finally reaches the end of their tether.

    China cuts rates on policy loans for first time since April 2020

    https://www.cnbc.com/2022/01/17/china-cuts-rates-on-policy-loans-for-first-time-since-april-2020.html

    China’s central bank on Monday cut the borrowing costs of its medium-term loans for the first time since April 2020, defying market expectations, to cushion any economic slowdown.

    The People’s Bank of China (PBOC) said it was lowering the interest rate on 700 billion yuan ($110.19 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions by 10 basis points to 2.85% from 2.95% in previous operations.

  21. There’s no way corrupt Affirmative Action, Democrat-Bolshevik judicial officials will ever be convicted by a “jury of their peers” regardless of how solid the evidence against them is. Our national descent into banana republic is officially complete, thanks to the subversion of our judicial system by Soros-installed DAs like this piece of sh*t.

    ‘We need your prayers’: Baltimore DA asks for God’s help as she addresses congregation after indictment over false mortgage applications for Florida summer homes which her lawyer claims is ‘racist witch hunt’

    https://www.dailymail.co.uk/news/article-10409311/Baltimore-DA-Marilyn-Mosby-indicted-false-mortgage-application-Florida-summer-home-Godshelp.html

    A lawyer for Baltimore’s top prosecutor Marilyn Mosby, who has been indicted on charges of perjury and making false mortgage applications to buy two summer homes in Florida, says she is the target of a racist witch hunt.

    ‘I remain confident that once all the evidence is presented, that [Mosby] will prevail against these bogus charges — charges that are rooted in personal, political and racial animus five months from her election,’ attorney A. Scott Bolden told NewsOne.

    1. Gotta love it, Baltimore’s DA is a felon herself. No wonder they don’t prosecute criminals, it’s a professional courtesy.

    1. The Financial Times
      Capital markets
      Insurers plan further shift away from bonds, says study
      Private markets and infrastructure gain allure for conservative investors after jump in inflation
      Insurance montage of Generali, Axs, Aviva and Allianz
      The survey suggests that 74 per cent of insurers expect their portfolios to become less liquid over the next 18 months © Financial Times
      Akila Quinio 8 hours ago

      The majority of insurers intends to back away from the low-yielding bond market and head into less liquid assets, as a burst of inflation since the outbreak of Covid-19 builds on longer-term pressures, according to a survey.

      The study by investment consultancy bfinance found that 61 per cent of insurers intended to cut fixed-income allocations over the next year-and-a-half, while the same proportion planned to boost exposure to “unfamiliar” assets including emerging-market debt, private debt, private equity and infrastructure. The survey covers 90 insurers with more than $5tn in combined assets under management.

      The shift away from low-yielding public debt and into more specialised and generally more opaque markets highlights the inflationary pressure long-term investors are facing while consumer prices are rising at their fastest pace in the US in almost 40 years.
      …

    2. i dunno Bear i still find great food deals, but now everyone wants you to use your phone for digital coupons… I just bought 85% hamburger normally $5.49 was on sale for $4.49, but limit one almost 4 lb pack was $2.99 with a digital coupon, so i split it up into 1 lb packs and freeze them, we had so much steak on sale last month same deal different stores. But i am noticing product downsizing and keeping the same price, But then i rarely eat junk food (Doritos oreos, little debbies ) anymore.

      1. The grocer chains must believe that if you go through the trouble of loading their app on your phone, and loading the digital coupons with said app, that you will do the rest of your shopping at their store.

        1. I’m sure the same people who use drive-through pharmacies despite their higher cost also use the Walmart app to do their shopping, which will be delivered outside to your parked car in a designated spot.

  23. Thanks for your help RPR. I am very sorry about the batch your relatives got. I’m afraid to ask my adult kids what they got. Both because they all think the vaccines are great snd because I don’t want to know. Son already has MoyaMoya disease, a vascular disease, so the vaccines could really harm him. He works for a government contractor and they got jabbed early on. One daughter works for the city of SJ and got jabbed at 8 weeks pregnant and the baby died within a few days. She doesn’t believe there is any connection and of course Kaiser doesn’t either. No VAERS report for that one. Other got jabbed at 6 months pregnant and she and baby seem ok. Except now she and husband are talking about jabbing 7 month old baby. City council in SJ has just passed an ordinance that no one can be on city property without original Jab and booster. This includes city hall, parks, libraries etc. So daughter who works for the city has to either give up her good job or keep getting jabbed. She will choose the latter. I am so sad my kids won’t even talk to me about the vaccines and think I am crazy. I am afraid they are all going to die before me. Even with the bad batch I got. I am sure there are lots of families in this position.

    1. Even with the bad batch I got.

      I was thinking about this last night. The populations in which a batch were used has to be playing a significant role in the outcomes. My dad and step-mother were jabbed at Kaiser early on because of comorbidities. Other people similarly situated had to have been jabbed from the same batch. A batch being deployed at a nursing home would have vastly different outcomes compared to a children’s hospital. The website may be doing more harm than good. More information isn’t always better.

    2. We are not going to let them do this to our country.

      California, New York may take a little longer. But places like Florida and out here in flyover, we are pushing back, now.

      We are the leaderless resistance.

    3. One daughter works for the city of SJ and got jabbed at 8 weeks pregnant and the baby died within a few days. She doesn’t believe there is any connection

      It still amazes me how ideology will bury common sense with so many people. It does help explain, in part, how Gruesome survived his recall (I’m sure there was plenty of ballot box stuffing too).

      And you have my condolences on the loss of your grandchild.

      2. baby died within a few days

        A missed miscarriage? I had one around 9 weeks. I suspect the cause was headache medication that I took not knowing I was pregnant. It required 2 D&Cs. My deepest sympathies to you and your family. I understand your fear and isolation too.

    4. City council in SJ has just passed an ordinance that no one can be on city property without original Jab and booster.

      This is what I’m afraid of, that Biden will require all fed employees to get that new Pfizer Omicron booster jab. Does Pfizer need separate FDA approval, or can they just hand it out? I’m fervently hoping that someone at FDA or CDC has half a brain and looks at the data coming from South Africa and UK, and, by March, the US. Omicron is like a flu with barely any hospitalization. Flu shots have always been voluntary.

      1. I’m fervently hoping that someone at FDA or CDC has half a brain

        You are an optimist. Now roll up your sleeve (that’s an order, not a request). Trust us, it’s for your own good.

      2. Does Pfizer need separate FDA approval, or can they just hand it out?

        Eh, same platform, why bother. Never mind we skipped a bunch of studies with the previous one.

      3. Flu shots have always been voluntary.

        FYI, not for staff at medical institutions. It’s mandatory.

        1. At least flu shots have a decades long track record. Of course that will go up in smoke if the switch the flu vax to mRNA tech, which they have already been “testing”.

    5. My wife and I have discussed this very issue, and we’re in agreement: No trial vaccines during pregnancy or their formative years, e.g., the period of early childhood between the ages of 0 and 8-yrs. FWIW, we left the San Jose area for eastern Washington so that my wife could be a stay at home mother during their infant years, and work part time once kindergarten started for our second child. Fast forward to the present, my wife and two young adults were vaccinated and boosted due to compulsory rules from employers and/or the Universities; all in Washington state.

      You have my deepest sympathies regarding your loss.

      1. As a rule I refuse to take experimental and trial vaccines, even though I’m not a spring chicken any more.

  24. They got stucco…they really got stucco.

    “As prices start to cool off over the next few years from sky-high growth, some people may find that their homes are worth a little less than what they paid, but that’s not necessarily something to worry about,…”

    1. “Of those who approved of his handling of the pandemic, 78 per cent registered as liberal, while 83 per cent of those who disapproved identify as conservative.”

      See also: the Rasmussen polling data I posted on yesterday’s thread, and the threats to freedom and liberty in that data.

      We are approaching the point (No Glowie!) that anyone who still supports Brandon should be re-classified as an enemy combatant, and be gently reminded that there are over 300 million guns owned by American civilians.

      This is not your country. You are not an American.

    2. They don’t care. Remember, Brandon isn’t “in office”, he’s “in power”. We will need to be very alert this November as they will try to stuff the ballot boxes again. And why not? It worked like a charm for them last time.

    1. It’s not racism, this is saving the community thousands of future foreclosures. The black applicants most interested in buying homes in this bubble are the least likely to be qualified. When the dude with a 560 credit score and $1000 down shows up at the mortgage brokers thinkin he can get a mortgage then things are really F’d up. Many of these bubble buyers have no business trying to buy overpriced homes. The non-BIPOC community apparently still has a handful of FOMO debt donkeys left with good credit and a stimulus check sized down payment. It isn’t structural racism all. It’s too bad the dude with the 560 score doesn’t even recognize that bank denial is a blessing from god at this stage in the bubble.

  27. $434,000 4 bd
    2,128 sqft
    11125 E Prospect Dr, Kingman, AZ 86401

    https://www.zillow.com/homedetails/11125-E-Prospect-Dr-Kingman-AZ-86401/8391761_zpid/

    1/17/2022 Price change $434,000 (-2.3%) $204/sqft
    12/17/2021 Listed for sale $444,000 (+134%) $209/sqft
    7/1/2020 Listing removed $189,750 $89/sqft
    5/29/2020 Price change $189,750 (-2.7%) $89/sqft
    5/18/2020 Price change $194,999 (-2.5%) $92/sqft
    5/12/2020 Price change $199,999 (-2.4%) $94/sqft
    4/6/2020 Price change $205,000 (-4.7%) $96/sqft

    Somebody is smoking crack. It says by petro station, meaning at least 15 minutes to groceries unless you want to pay petro prices. Best of all: it’s a triple wide!

    2. That’s some really expensive desert dirt in that listing. I had to look up Kingman on a map to learn where it was, drove through there on I-40 once and don’t remember anything about it

      On a related topic, I close on my second parcel of desert dirt this week, no debt, no mortgage, all cash.

      I paid less for this land (both lots) than I did for a 2018 Subaru.

      Debt is slavery.

        1. IIRC correctly, Laughlin is a casino destination for those who want something more low key than Vegas, plus it’s on the Colorado Creek River.

          1. “…more low key than Vegas…”

            Yes, and there’s a lit walking path between the casinos along the river that’s idyllic during the warm evenings, and there’s a river boat too. I was there to inspect Davis dam, which is about 15-min upstream.

    3. well it is close to this: I make custom, wood cremation urns. As a result, these urns are one of a kind and very unique. No two urns are the same because I hand make each urn. When I make these urns, I use only the finest hardwoods available.
      https://arizonaurns.com/

  28. The MSM is trying to gaslight us, again.

    I’ve seen several articles pop up today saying that Trump’s approval rating at the end of his first year was lower than Biden’s. Last I checked, Biden was at 33%. Trump was never that low, despite the MSM’s endless slander and libel.

    Funny, I don’t remember empty shelves, military humiliations, $3+ gas or a border out of control at the start of 2018.

    1. We didn’t have any of that even in the end of 2020, while there was a raging pandemic. I was amazed at how quickly the supply chain recovered after the initial shock. Almost everything was fully stocked by mid-summer except N95 masks and rubbing alcohol.

    3. “I don’t remember empty shelves”

      Imagine it’s the year 2019 and this country still has a functioning economy.

      I talked to an older relative on the phone recently and we were discussing the collapse of the U.S.S.R. and all the parallels to the U.S. today.

      We are approaching the point where we don’t need another election. We need torches, pitchforks, gallows, and ropes.

      Emphasis on all my recent posts telling globalists that they are not Americans. If the Satans you serve are communist China and the World Economic Forum, you no longer deserve the rights and privileges of a U.S. citizen.

      This isn’t your country. We don’t want you here. Your entrenched form of parasite capitalism is not what this country was created for.

      You are parasites. You are ticks, tapeworms, mosquitos, who exist only to maximally engorge yourselves without killing the host, until you realize there is no blood left to suck.

      And yes (waves at Glowie), you have names, and addresses.

      Maybe you’ll escape to New Zealand.

      Or maybe your security team i.e. the hired help will realize there is no benefit in helping you flee.

      Remember the scene in the film Hannibal where Anthony Hopkins tips the pervert billionaire out of his wheelchair into the pen of feral hogs, and tells his assistant “Don’t worry Cordell, you’re safe with me” ???

      Globalists, please expect that level of betrayal, and your death, because we are done with you…

      1. Or maybe your security team i.e. the hired help will realize there is no benefit in helping you flee.

        If I was a billionaire, this is what I would worry about the most. The bottom line is that there are always some people who can be bribed/bought. Get me out of here and there will be a few million in gold waiting for you. But yeah, people like Gates, Bezos, etc. need people they can trust, and in this age that can be hard to find.

    1. Calling January 6th an “insurrection” is an insult to all of the people of the world who have been hurt by insurgencies. An unarmed group of people laughing and taking selfies inside the Capitol DOES NOT QUALIFY.

  31. Here’s an honest eBay seller!

    Breathable Mesh Face Mask Washable Handmade in the USA
    https://www.ebay.com/itm/224694783589

    “Newly made mesh mask. Protects against nothing like every other face mask. Allows one to function in this crazy society. Sized for a Man and very washable. I wash all fabric before I make the masks. This fabric is like a sports jersey. I also have this fabric in white with white elastic and purple with black or gray elastic.”

  33. Politics Is Dead, Here’s What Killed It
    http://charleshughsmith.blogspot.com/2022/01/politics-is-dead-heres-what-killed-it.html

    (snip)

    “Here’s ‘politics’ in America now: come with mega-millions or don’t even bother to show up.

    “Representational democracy–a.k.a. politics as a solution to social and economic problems–has passed away. It did not die a natural death. Politics developed a cancer very early in life (circa the early 1800s), caused by wealth outweighing public opinion. This cancer spread slowly but metastasized in the past few decades, spreading to every nook and cranny of our society and economy as ‘democracy’ devolved into an invitation-only auction of elections and political favors.

    “Politics might have had a fighting chance but three forces betrayed the nation and its citizenry.

    “1. The Federal Reserve transferred trillions of dollars of unearned wealth into the feeding troughs of the super-wealthy and corporations, vastly increasing the wealth the top 0.01% had to buy elections and favors. The Federal Reserve cloaked its treachery with jargon– quantitative easing, stimulus, etc.–and then stabbed the nation’s representational democracy in the back.

    “2. The Supreme Court betrayed the nation’s representative democracy by labeling corporations buying elections and political favors a form of ‘free speech.’ (Please don’t hurt yourself laughing too hard.) The Supreme Court’s equating wealth buying elections and favors with individual citizens’ sacrosanct right of free speech was a knife in the back of the nation and its citizenry.

    “3. The two political parties betrayed their traditional voter bases to kneel at the altar of corporate / elite wealth, wealth which bought elections and political favors. The Democrats, traditional champions of the workforce in the 20th century, abandoned workers in favor of serving their corporate masters, masking their betrayal with fine-sounding phrases.

    “The Republican Party, traditionally promoters of Big Business (Wall Street, banks, mega-corporations), had maintained a narrow but crucial interest in trust-busting (limiting monopolies) to defend free enterprise and small business from the predations of monopolies and cartels. Those days are long past; just as the Democratic Party tossed the working class overboard to the sharks, the Republican Party walked small business off the gangplank right into the voracious jaws of cartels and globalized, financialized corporate sharks.

    “To cloak their betrayal and treachery, the parties have pursued a divide-and-conquer distraction game, pushing half the nation into one-size-fits-all ‘enemies lists’ with labels that have lost all meaning other than as means to promote divisiveness and rancor: Liberal and Conservative, socialist and capitalist, etc.

    “It’s not the citizenry who are ‘deplorable,’ it’s the parties’ corporate-derriere-kissing toadies, lackeys, apparatchiks, purveyors of propaganda, enforcers, apologists, sycophants, grifters and ‘leaders’ who manage to greatly increase their private wealth while ‘serving the public’ (heh).

    “These three betrayals of public trust and representational democracy caused the demise of politics as a solution to social and economic problems. ‘Politics’ has been stripped to its essence: an invitation-only auction of elections and political favors. The price to watch from the rear of the auction is $1 million; to actually place a bid, the minimum is $10 million, but the winning bids are generally much higher.

    “(Lobbying, campaign contributions, bogus think-tanks, and philanthro-capitalist foundations are all part of the auction funding.)

    “Here’s ‘politics’ in America now: come with mega-millions or don’t even bother to show up. Choose which ‘enemies list’ you want to be on; there’s not much choice. And don’t forget to put a flower on the grave of representational democracy.”

    1. What was that dancing crowd was on?

      Shrooms?

      LSD?

      Something that has been invented in the last 30 years that I am not aware of?

      1. people come to jam for2+ hours they have been together since 1989

        I try and tell artists & bands this is your best calling card a professional well done audio full show live videos

  37. It is time to pop up a large batch of popcorn and adjust the lawn chair as we get to witness the unfolding of What Happens Next …

    Vaccine Mandate for Cross Border Trucking Now in Effect, Mandate for Domestic Trucking Begins in a Week, Prepare Your Affairs Accordingly – The Last Refuge
    https://theconservativetreehouse.com/blog/2022/01/16/vaccine-mandate-for-cross-border-trucking-now-in-effect-mandate-for-domestic-trucking-begins-in-a-week-prepare-your-affairs-accordingly/

    (snipsies)

    “The cross border vaccine mandate for truckers in/out of Canada is now in effect. The U.S. vaccine mandate takes effect on January 22nd.

    “It will take a few days to see the consequences, but there will be consequences.

    “Keep in mind, any impact is taking place in a supply chain system that is already tenuous and unstable at best. A small disruption that may have been minimally significant against a fully operational supply chain, is more likely to be a much bigger disruption in a supply chain that is already under a severe amount of demand side stress. Somewhere in the range of 16,000 to 38,000 daily loads are likely to be impacted.

    “When questioned about this, Canadian Intergovernmental Affairs Minister Dominic Leblanc says the trucking industry ‘has had adequate time to prepare for this.’ Keep in mind, the mandate was announced 45 days ago (November 30th). According to the Canadian government, changing the structural rules for all the logistics and commerce in cross border shipping, 45 days is enough notice.”

    “The truth is no one knows how bad the disruption will be. What we do know is that there will be disruption, and there is no infrastructure for a level of rig-switching at the border crossing region that could accommodate changing rigs, drop-offs and/or pick-ups or driver transfers on the scale that is being discussed. The logistics here are a total mess.

    “Keep your fingers crossed, but prepare for FUBAR.”

  38. Dems Hide HR1 In NASA Bill To Sneak Through Radical ‘Election Takeover’ Policies Ahead of Midterms

    by Jamie White
    January 17th 2022, 5:32 pm

    Since Sens. Joe Manchin (D-W.V.) and Kyrsten Sinema (D-Ariz.) indicated they wouldn’t support removing the filibuster to pass the John Lewis Voting Rights Act, the Democrats have schemed to sneakily tuck most of the bill into separate legislation for NASA.

    Rep. Kat Cammack (R-Fla.) sounded the alarm on Monday after voting against the NASA bill, warning that the disguised election reform bill will now head to the Senate for a final vote.

    “The Democrats just voted to take over our elections to basically ensure that they have control of our elections forevermore,” Cammack said.

    “They took an old NASA bill and gutted it, and then tucked all of this egregious language into the NASA bill. It has nothing to do with NASA. We’re not giving voting rights to Martians. That tells you that they’re trying to hide something.”

    Cammack then explained that within the bill is a “mechanism to strip states rights to enforce voter ID laws.”

    “So that means you would not be required to show a voter ID to register to vote, or to actually vote,” she added.

    https://www.infowars.com/posts/dems-hide-hr1-in-nasa-bill-to-sneak-through-radical-election-takeover-policies-ahead-of-midterms/

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