You Guys Seem To Believe That You Actually Controlled Inflation
A report from the Pioneer Press in Minnesota. “Bob Walser has rented out a Randolph Avenue duplex for four years, with the goal of someday selling it for retirement income. He’s worried that a 3 percent cap on rents will take a large bite out of that income. ‘Who wants to buy a guaranteed loser?’ Walser said. ‘I’m trying to set up a long-term investment. I know if I saw a property and saw, ‘oh, your costs are going to up faster than your income stream,’ I wouldn’t invest in the property. Would you?'”
“Andrea Suchy-Shinn owns six rental properties in St. Paul, at least half of them open to low-income tenants subsidized by federal Section 8 housing vouchers, but she’s in the process of selling. Her fourplex on the 1600 block of Charles Avenue could go up for sale soon, ‘I’m right now not breaking even,’ said Suchy-Shinn.”
From Pacific Business Journal. “The number of residential and condominium sales on both Hawaii Island and Kauai declined in January compared to the same month in 2021. The median residential sale price declined $111,000, from $1,036,000 in January 2021 to $925,000 – a decrease of 10.71%. Median condo prices also dropped $59,000, or 10.75%, January over January from $549,000 to $490,000.”
The Idaho Mountain Express. “The Hailey Planning and Zoning Commission on Monday approved the first draft of a housing ordinance. P&Z Commissioner Richard Pogue said he was ‘stunned’ and disappointed ‘that 22% of [Hailey’s] housing stock is vacant.’ ‘People in San Francisco … are buying just because they can afford it. How do you solve this issue?’ he asked.”
From Pique News Magazine in Canada. “Threatening to leave Whistler is as much a local tradition as plaid shirts and complaining about pay parking. But these threats don’t seem as hollow taken in the context of the last two years. Here’s where I should also mention a troubling stat I hope weighs heavily on our local decision-makers: as of 2016, our most recent census, 61 per cent of the town’s private dwellings were empty or temporarily unoccupied for a chunk of the year.”
The Irish Times. “A narrative has taken hold in certain quarters in the housing crisis that says scores of apartments in high-end build-to-rent (BTR) schemes are being left vacant by their developers, who are refusing to drop prices to fill them. ‘Some might say [that] while four out of every five units being occupied is certainly better than none, if replicated across the city and country – and continued into the future – this would result in thousands of homes being left empty, at a time when Ireland desperately needs new rental homes,’ states Ronan Lyons, associate professor of finance.”
From Teesside Live in the UK. “An inquiry is set to examine what powers Scarborough Council has to put limits on new property sales in Whitby for second homes or holiday lets. The Whitby Civic Society spokesperson said: ‘We’ve been concerned for some time over the growing number of holiday lets and second homes in the town. We don’t object to holiday lets and second homes as such, but to the sheer number of them. On 2018 figures, we estimate that over 25% of the local housing stock in Whitby was taken up by second homes and holiday lets.'”
From NL Times. “Amsterdam wants to force landlords to lower rents to battle long-term vacancies. The proposal to oblige owners to get their homes occupied as soon as possible will be under public consultation from February 17, the city said in a press statement. ‘We are in a housing crisis, and it is impossible to explain that houses are unnecessarily empty because, for example, the rents are too high or because owners wait too long with renovations,’ Housing alderman Jakob Wedemeijer said. ‘With this, we can force owners to rent out homes for a market-based rental price. If there is no demand for expensive rental properties, then the rent simply has to come down.'”
The Associated Press. “A Chinese real estate developer that is struggling under $310 billion in debt is promising to deliver 600,000 apartments this year, a newspaper reported. Evergrande Group has left financial markets guessing at its status since the developer warned in December it might run out of cash. Its struggle to avoid default alarmed investors, but Chinese officials say any financial impact can be contained.”
“Evergrande says it has 2.3 trillion yuan ($350 billion) in assets, but the company has struggled to turn that into cash to pay bondholders and other creditors. The company had ‘almost no capital inflow’ since September, said Xu Jiayin, the Evergrande founder. He previously has said potential buyers were put off by news reports about its financial struggle.”
The Saturday Paper. “Some years ago, I was asked to comment on a draft of a commissioned history of the Reserve Bank of Australia. My overarching comment seemed to catch the author by surprise: ‘You guys seem to believe that you actually controlled inflation.’ This was coming out of the era where the RBA had created the impression they could fine-tune inflation, colloquially speaking. To the public’s mind, the governor sat up there in his tower at the top of Martin Place with a mysterious black box on his desk, his hand hovering over two knobs, one that could move the cash rate up by about 25 basis points at a time and the other that could drop the inflation rate by a desired amount.”
“If only. There is no doubt that inflation was brought under control through the 1990s, but there is a real debate about just how much of that was due to the management of monetary policy compared with the impact of a host of other factors including, importantly, Chinese manufacturing flooding the world with ever-cheaper product. Undoubtedly what became the RBA’s obsession with bringing down inflation did probably contribute by lowering inflationary expectations significantly through constant jawboning, but the central bank was not the principal driver.”
“The RBA has become its own worst enemy in what is a potential housing crisis of its own making. Having repeatedly created the expectation that it wouldn’t seek to increase the cash rate until about 2024, it is now contemplating an earlier increase in rates, maybe even this year. Indeed, some market analysts are suggesting rates may be increased three or four times by the end of this year.”
“At its worst this could be a bloodbath for the housing sector, with house prices actually falling, eroding the equity many households believed they had built up in their homes, resulting in banks calling in some housing loans.”
From Bloomberg. “The Federal Reserve faces a growing risk of making a policy mistake, tipping the economy into a recession, as it confronts decades-high inflation that’s proving more persistent and broad-based than policy makers expected. ‘When you’re wrong in one direction and you’re painfully wrong, you’re going to have to end up with too much heavy lifting to go in the other direction,’ former Fed Governor Lawrence Lindsey, said of what he sees as the Fed’s delay in recognizing and responding to the budding inflation problem.”
Comments are closed.
Realtors are liars.
perfect day for Russian troops to invade the Ukraine…or America…..on soooper bawl sunday
Ironic that the global center of gravity for Communism has shifted from Moscow to Washington D.C.
‘some market analysts are suggesting rates may be increased three or four times by the end of this year. At its worst this could be a bloodbath for the housing sector, with house prices actually falling, eroding the equity many households believed they had built up in their homes, resulting in banks calling in some housing loans’
This inflation thing is one of the most interesting economic developments in decades. IMO, these clowns got away with mad money printing because globalization was driving down wages. Suddenly, something changed. Anyone notice everything China has gone to sh$t lately?
So we’ll see about the inflation. Will it stick? Gas prices never went back to 15 cents per gallon. Or 75 cents.
The prices of everything always go up.
More to my point, though the Fed will go to great lengths to slow inflation, they will do everything within their powers to avoid deflation, or prices reverting back to where they were previously.
That doesn’t mean it can’t happen, especially after a manic period of price increases.
“they will do everything within their powers to avoid deflation, or prices reverting back to where they were previously.”
Inflation is killing the average American. Elections are about to happen. You really think Biden and the Dems want $5 gas and bacon up 30-40% come November?
Biden & his fellow Bolsheviks can’t even bring themselves to name the primary causes of inflation: the Fed’s deranged money printing & out-of-control government spending. So rather than attack the root causes of inflation, Brandon & Co. will further falsify our already non-credible CPI inflation stats while assuring the sheeple inflation is “transitory.”
Or you could have a stock market crash and layoffs just in time for the election too.
Maybe they will try to time it, so by Halloween, inflation will be coming down somewhat but the big market correction hasn’t really started yet. That’s a tricky business.
“Or you could have a stock market crash and layoffs just in time for the election too.”
How much does the average American have in the stock market?
You really think Biden and the Dems want $5 gas and bacon up 30-40% come November?
Given how they have set things into motion, that is probably unavoidable at this point.
This is exactly why they are proposing to rescind the gas tax for 2022.
This is exactly why they are proposing to rescind the gas tax for 2022.
Which won’t make any difference, especially if whole sale prices rise, which they likely will. So instead of $4.50/gallon next summer, it might be $4.20
resulting in banks calling in some housing loans
Can mortgages be “called in” if you are current on your payments?
I guess margin calls are allowed in Australia.
Inflation: The Panda Express in my hood has a sign in the window for a manager with a starting salary of 100K.
Paid 4.79$ for regular gas in San Diego this morning. Just keeps creeping up.
In San Jose?
I checked in Dumver. They are paying up to $33/hr
The Fed is RAISING prices by RAISING the cost of money (interest rates).
The Fed is forcing inflation higher.
Maybe they should get a job at the CDC. Throwing gasoline on fires and all that jazz.
da bear
Breitbart — Truck Drivers Are the Atlas that Finally Shrugged (2/11/2022):
“you could wipe society’s table clear of every writer, artist, actor, musician, professor, dancer, reporter, tastemaker, producer, influencer, teacher, lobbyist, politician, everyone on TV, everyone who doesn’t get their hands dirty, and our world would keep turning just fine …
Now try to live without the World Turners, those sneered at by America’s left-wing elite, by the CNNs and Morning Joes and NPR — the working class. Try to imagine your life without mechanics, farmers, coal miners, oil drillers, plumbers, roofers, electricians, pest control, the people who stock the shelves, who make our steel, police our streets, put out our fires, pave our roads, dig our ditches, haul our garbage, and plow the snow. Within a month, our world stops turning. Within six months, welcome to dystopia. Within a year, we’re eating one another.
But if you really want to know who keeps our world turning, it’s the truck drivers. Nothing moves without truck drivers, and I do mean nothing. Without truck drivers, it all goes to shit in about a week. No gasoline, no heating oil, empty store shelves, empty pharmacies, no seeds to grow your own food. It all grinds to a halt.
We need truck drivers a whole lot more than they need us, and they know it. The leverage they hold over our society has always been there, but because truck drivers are men and not babies, they don’t use it. Instead, they just go about the business of going about their business.
And never forget that unlike the Brownshirts in Black Lives Matter and Antifa, these men are laying something on the line, something real. These are working people, not professional activists, criminals, and students. These men have families, mortgages, a nut to crack every month. But they’re still out there without the burning and looting that define the modern left.”
https://www.breitbart.com/politics/2022/02/11/nolte-truck-drivers-are-the-atlas-that-finally-shrugged/
Real Journalists.
Washington Post — ‘Freedom Convoy’ protesters, police face off at U.S.-Canada border as Trudeau looks at ‘all options’ (2/13/2022):
“A standoff between police and protesters from the self-styled “Freedom Convoy” opposing coronavirus vaccine mandates continued Sunday near a vital U.S.-Canada border crossing, even as crowds reportedly started shrinking overnight and one arrest was made. After law enforcement enforced an injunction ordering truckers and their supporters to leave, and ticketed and towed vehicles, a defiant core of protesters mostly remained on foot as temperatures dropped below freezing.
The blockade of the Ambassador Bridge, a key trade corridor that connects Windsor, Ontario, to Detroit, which has disrupted traffic and the flow of goods since Monday, has not ended. Disruptions are still plaguing other vital cross-border arteries — from Coutts, Alberta, which connects to Montana, to Surrey, British Columbia, which connects to Washington state.
Canadian Prime Minister Justin Trudeau has stressed that “all options are on the table” to resolve the crisis, and that “border crossings cannot, and will not, remain closed,” his office said in a statement to the Associated Press.
https://archive.fo/CJ4zP
Justine Trudeau (the son of Fidel Castro), the *only* option on your table is for you to resign and leave Canada, before you get Ceausescu’d.
I note that the media focus has shifted to the convoy blocking the bridge. They’re going to clear the bridge and the media will declare victory. But what about all the trucks still in Ottawa?
I watched about an hour of live stream from downtown Ottawa yesterday afternoon. They’ve left emergency lanes only partly blocked that could be opened quickly. Very organized. Just regular people. A surprising number of families are visiting to walk about. What the media is saying doesn’t match what I saw.
They haven’t begun to see how much disruption the truckers can inflict.
The DHS soiled its pants when rumors rose about the Souper Bowl being disrupted by truckers. They sent 500 agents to LA, plus I’m sure Gov. Gruesome is ready to bring out the national guard if needed. Trains looted: good, road traffic to the game disrupted: bad.
It’s going to get harder for the globalists & their Quislings to maintain the Narrative that the truckers are a bunch of far-right extremists & Putin lovers, when influencers like Russell Brand with huge Gen-Z audiences are effectively countering the lies and distortions being propagated by the MSM.
Wait…Have The Truckers Won?
https://www.youtube.com/watch?v=3PghoRUr-wo
The Freedom Convoys are going to give the globalists new impetus to roll out fleets of driverless trucks as part of their effort to economically marginalize any segment of society that balks at being forced into serfdom on their incorporated neoliberal plantation.
I’m not following the protest closely. Did they sort out what was going on with the gas cans? There are some livestreams and the truckers are still there, so I assume the truckers have enough fuel to not freeze.
roll out fleets of driverless trucks
Good luck with that.
A reader sent this in:
Danielle DiMartino Booth
‘Interesting observation from @IraFJersey & Erica Adelberg as housing supply AND mortgage industry employment hit 2007 lows “We are hearing of a rising push into nonconforming & subprime lending in response to falling affordability”
‘Gotta justify warm bodies = widening credit box’
https://twitter.com/DiMartinoBooth/status/1492538141202436096
The Minnesota article lists 3 reasons that rent control is a bad idea:
1. Current LLs will sell to owners who don’t accept Section 8.
2. Current LL will sell to big chains who accept Section 8 with stringent tenant-screening policies.
3. Current units will be refurbished and sold as condos and taken off the rental market altogether.
What are the stringent tenant-screening policies?
Credit check, employment check, background check, references from previous landlords aka did they damage the apartment and you didn’t give them the full deposit back, did you sue the tenants or evict them. But most importantly if you are in a 2-3 family house a very personal interview with the other tenants, you must get along and not get triggered if they ask you to be quiet during their wfh hours….
‘As guardians of stability in prices and financial markets, the last word central bankers want to be associated with is “panic”. Yet that is precisely the term used by two top European Central Bank watchers to describe the message communicated by ECB President Christine Lagarde since she opened the door to a rate hike in 2022 to curb record-high inflation.’
“There can only be one conclusion: communication mission failed. This is ‘from patience to panic’,” ING’s economist Carsten Brzeski said.’
https://finance.yahoo.com/news/analysis-panic-stricken-ecb-struggles-143847765.html
Whatever became of Modern Monetary Theory? It’s like one of those hapless Olympic skiers who crashes just after leaving the gate.
It’s like one of those hapless Olympic skiers who crashes just after leaving the gate.
Given that so many have faceplanted (or so I have heard, I haven’t watched the “games”), some are speculating that many athletes are jab injured.
‘As guardians of stability in prices and financial markets,…’
– Ha! Ha! Ha!
– Both the ECB and the Fed are still easing. We currently have the easiest financial conditions ever in the U.S. An yet, inflation is the worst in both the Eurozone and the U.S. in 40 years. The Fed at this moment is continuing QE, since they must support the narrative of MMT prosperity via the primary indicators of stonks and housing. However, history has shown that asset bubbles always pop. The last time this happened it was France: John Law and the Mississippi Bubble. Now it’s a global thing.
– Paul Volker knew during the last major U.S. inflation that interest rates had to rise above the inflation rate. This causes a major recession, but kills it . We’re NO WHERE NEAR that point currently. 7.5% Fed Funds Rate (FFR)? Ha! Ha! Ha! That will never happen now due to the huge global steaming pile of debt that must be serviced. Raise rates much and the whole house of cards comes tumbling down. My guess is if rates rise 100-200 bps (1-2%) or more is all it’s going to take. Zombie companies (~20% of total), housing, bonds, the whole enchilada depends on ever increasing debt. We’re living in a giant Ponzi scheme. Again, higher rates (and gold) are kryptonite to the system.
– Christine Lagarde, Jay Powell, and all of their ilk deserve to be drawn and quartered. Torches and pitchforks coming this time. No bailouts, since no “money” or political will to do it.
– Humpty Dumpty.
‘Coinbase Global has removed ‘how to buy’ instructions for at least three crypto tokens which have been the subject of ‘rug pull’ warnings that investors may lose their money, saying on Thursday it plans to improve safeguards.’
https://finance.yahoo.com/news/coinbase-removes-cryptocurrency-links-rug-162746635.html
“The Federal Reserve faces a growing risk of making a policy mistake, tipping the economy into a recession, as it confronts decades-high inflation that’s proving more persistent and broad-based than policy makers expected.”
Funny, I thought the Federal Reserve’s mandate was to achieve 1) close to full employment and 2) have inflation at 2%. I think the “policy mistake” already happened.
The Financial Times
Opinion
The Long View
Markets on edge over central bank action to tame inflation
Monetary policy is data-dependent — and the data are pretty wild
Jay Powell, US Federal Reserve chair: bets on an even more aggressive pushback from the Fed are hitting new extremes
© via Reuters
Katie Martin
February 11 2022
We are approaching the point of peak hand-wringing over inflation and peak scrutiny of central bankers. This can only go badly for financial markets.
US inflation data released this week gave the strong impression that policymakers have been caught napping. The annual inflation rate exceeded economists’ expectations and struck yet another 40-year high at 7.5 per cent in January, up from 7 per cent in the previous month.
Traders have been repeatedly smacked in the face by surprisingly high inflation readings for a year. You would think they might be getting used to it by now. Apparently not, judging from the market reaction.
Bets on an even more aggressive pushback from the US Federal Reserve hit new extremes; selling pressure in benchmark 10-year US government bonds took the yield above 2 per cent for the first time since 2019. In the more interest rate-sensitive bits of the market, chiefly two-year debt, moves were even more chunky. Yields there, which hovered at just 0.4 per cent as recently as November, leapt to a high of 1.64 per cent in the biggest sell-off since 2009.
But the scale of the moves was not just down to the inflation numbers themselves. Fanning the flames, St Louis Fed president, James Bullard, a voter on the Fed’s rate-setting committee, told Bloomberg that he would like to see the benchmark interest rate rise by a full percentage point by July, including a half-point rise for the first time in more than 20 years. He even sounded amenable to the Fed stepping in and raising rates now, before its next scheduled rate-setting meeting. This is like the crisis-fighting easing mode of 2020 but in reverse.
His intervention meant that just as stocks were recovering from the initial shock of the data, they stumbled further. “Bullard killed it,” as one banker put it. “Well played.”
It is a point that bears repeating: central bankers do not exist purely to make long-only equity fund managers’ lives easier. If they did, then they would be failing on their mandate pretty badly by now — the S&P 500 benchmark index of US stocks is down by more than 6 per cent already this year, while the tech-filled Nasdaq Composite has dropped more than 10 per cent.
Nonetheless, the scale of the recalibration in markets is extraordinary. As recently as October, market participants dared to bet that we might see one rate rise from the Fed this year. They are now pricing in six or more.
…
If they don’t squelch this inflation ASAP (to the detriment of the stock market, housing market, etc), then even people who didn’t know what the Federal Reserve was 6 months ago will be demanding to “End the Fed”. Maybe there is a silver lining in this after all.
Most of the sheeple are blaming Brandon for soaring inflation. Brandon, like all Democrat-Bolsheviks, has a pathological aversion to acceptance of responsibility or accountability, so at some point he’s going to start pointing the finger at the Fed. That’s fair, since the Fed and its currency debasement are the primary cause of our loss of purchasing power.
We haven’t run out of macroeconomic crackpots with high level political allies just yet.
https://www.thestarpress.com/story/opinion/columnists/2022/02/13/hicks-modern-monetary-theory-just-another-fad-without-evidence/6691628001/
https://www.nationalreview.com/2022/02/mmt-a-highway-to-hyperinflation/
Printing gobs of cash always leads to inflation. Giving it a fancy name changes nothing.
“‘some market analysts are suggesting rates may be increased three or four times by the end of this year. At its worst this could be a bloodbath for the housing sector, with house prices actually falling, eroding the equity many households believed they had built up in their homes, resulting in banks calling in some housing loans’”
Bahahahahahaha … what an ignorant puke. Households did not build up equity in their homes, strangers who decided to pay up for comparable houses are the ones who built up the equity. And these strangers (many who had lost their minds) were able to perform this miraculous, wonderous act simply because they were allowed access to huge amounts of money of which they did not have.
Check out this magical chart …
https://images.app.goo.gl/Maaupt9sabSXMkzL9
Not one of your better charts Mr. Banker.
Every time a libtard celebrity reaps what they voted, an angel gets its wings.
CELEB SECURITY BEEFING UP!!!
Violent Crime Streak Raises Concerns
https://www.tmz.com/2022/02/13/super-bowl-private-security-help-protection-celebrities-la-violence/
More like a demon gets his pitchfork.
Gotta love the contrast between the shiny new, luxurious and futuristic multibillion dollar stadium and the dangerous city that is right outside.
I know someone who visited Disneyland in the past few years. I was told that Disneyland is surrounded by homeless who camp out on neighboring streets and who harrass park goers who stay at one of the hotels on Harbor and Katella.
What a sh!thole.
‘Who wants to buy a guaranteed loser?’ Walser said. ‘I’m trying to set up a long-term investment.
Bob, are you somehow unaware that you’re living in one of the bluest states in the country?
So you are against government intrusion into private property matters?
Bob, are you somehow unaware that you’re living in one of the bluest states in the country?
People like Bob actually believe that Blue states are the “prosperous” ones.
‘People in San Francisco … are buying just because they can afford it. How do you solve this issue?’ he asked.”
You can’t fix stupid, but you can certainly tax it. Slap a stiff vacancy tax on all the speculator scum until they either rent or sell the property. Then do checks to verify the supposed renters are actually residing at the property as per the rental agreement. Issue solved.
So you are in favor of government intrusion into private property matters?
I guess there’s some room for a minor form of eminent domain.
Anyone who thinks that the solution to a problem the government has created is more intervention by the government doesn’t think logically.
It’s more complex than that. There’s lot’s to be done outside these local reactions. For instance, how many of these airboxes have a guberment backed loan? Why are we subsidizing expensive empty speculative condos? The same with deducting the interest,etc.
With STR often that is a failure of guberments to enforce existing laws. That has to be confronted cuz it’ll only get worse.
So you are in favor of government intrusion into private property matters?
Hello, McFly – the government & the Fed have already MASSIVELY intruded into the housing market, turning shelter – a basic human need – into a speculative asset class. In a perfect world that would never have been allowed to happen by policymakers, but now that speculation fueled by greed and easy money has resulted in so many vacant houses, hell yes, I’m okay with sticking it to the speculators if it means leveling out the playing field for people who need a roof over their heads.
There are probably 4-5 times as many STRs right now as the market can organically support. But they don’t care because their investment property is “going up 100K per year”, so who cares if it only rents out for one weekend per month. As soon as prices stop going up, they will realize this and dump them.
My solution is to let the market handle it, even if it takes a little while. Your solution is to cheer on socialist politicians to protect you. Kind of like the “The rent is too damn high” crowd.
If I’m McFly, that makes you Biff? That might explain it.
My solution is to let the market handle it, even if it takes a little while. Your solution is to cheer on socialist politicians to protect you.
That’s adorable. What we have today isn’t even an approximation of free market capitalism. It’s crony capitalism and government system-rigging at its worst, for the sole benefit of private equity and speculators. As Ben noted, the gub’mint is up to its eyeballs in the housing market, and has created these distortions that have priced millions out of decent housing. Neighborhoods and communities have every right to fight back against speculators and private equity locusts who are treating housing as a speculative asset class rather than shelter.
‘There are probably 4-5 times as many STRs right now as the market can organically support. But they don’t care because their investment property is “going up 100K per year”, so who cares if it only rents out for one weekend per month. As soon as prices stop going up, they will realize this and dump them.’
They are acting rational. I see this every day. A 0.18 acre building lot is going for $230,000 in my hood. Never mind that you will be able to look out the window and see your neighbor’s nose hairs.
That’s some serious vitriol right there. But attacking speculators for government failures sounds like Stalin blaming the kulaks or FDR blaming greedy farmers. How about cleaning up the streets and dealing with the crime/homelessness issues so people actually want to live in SF?
How about cleaning up the streets and dealing with the crime/homelessness issues so people actually want to live in SF?
You assume that the “elected” leaders don’t want it to be a sh!thole.
Human feces on the sidewalks mean “We have arrived!” to the Democrat-Bolshevik apparatchiks at City Hall and at the DNC. It also provides a convenient pretext for their Compassion, Inc. patronage and graft rackets that funnel taxpayer funds into Democrat coffers and keeps the cash-stuffed brown envelopes coming in, while never addressing the root causes of their cities’ socioeconomic decline.
But attacking speculators for government failures sounds like Stalin blaming the kulaks or FDR blaming greedy farmers.
If I had my way, every living Fed official would be doing hard time at a Federal pound-me-in-the-a$$ prison, along with the regulators, enforcers, and policymakers who have enabled the Fed’s fiat currency fraud against the 99 percent since 1913. Ditto for the Wall Street private equity locusts who have been turning Main Street USA into an empty looted shell since time immemorial. But fixing all that isn’t going to happen until we have a full-blown financial collapse & the sheeple finally get pissed off enough to start holding these gold collar criminals accountable for their actions. Prior to that, any policies that discourage speculation and free up more housing for the people who need it are probably the best we can hope for.
I’m saying, taxing empty apts is going in the wrong direction. It’s focusing people’s anger on the wrong targets and then letting them think that something has been accomplished, while relieving the pressure on the real criminals.
“You can’t fix stupid”
Have you ever tried using a stupid wrench?
It’s like a crescent wrench only different.
https://www.homedepot.com/b/Outdoors-Garden-Center-Garden-Tools-Striking-Tools-Sledge-Hammers/N-5yc1vZc5qz
“A narrative has taken hold in certain quarters in the housing crisis that says scores of apartments in high-end build-to-rent (BTR) schemes are being left vacant by their developers, who are refusing to drop prices to fill them.
Local politicians are in the pockets of the developers, but if all the under-35s who are priced out of the market stopped electing globalist stooges and instead voted for true representatives who would side with the people against the “monied interests”, a vacancy tax would be just the incentive greedhead developers and owners need to compel them to use housing for its intended purpose: shelter, and not a speculative investment.
Maybe the reason for the labor shortage is……..As employees return to the office and are confronted once again on a daily basis with annoying personalities and the grievances of office-life, they may also decide the money just isn’t worth it
https://finance.yahoo.com/news/companies-t-employees-stay-even-235455718.html
they may also decide the money just isn’t worth it
So, how do they pay their bills? Or do they live in mom’s basement or are trust fund babies?
And if they think office work is hard, they should try their luck at something where your hands get dirty. A couple of weeks ago I saw municipal workers, in sub 32 weather, digging up a broken water main and fixing it ASAP. And they didn’t go home when it was 5PM. I drove past it at 10 PM and they were still working in 10F weather.
Yeah, I think this whole great-resignation quit-your-job thing is overblown. Setting aside retirees, people just shifting from one cubicle job to another, and high-turnover low-pay service jobs, how many really took a chance to truly quit? Especially white-collar jobs which pay pretty well?
IMHO, this would be a good time for a USA truckers protest, right at the time the enemy is in a temporary lull planning their next attack on global populations.
The Globalists 1% needs to be stopped by the people they sought to defraud , enslave , kill , injure and bankrupt.
A freedom convoy taking place in France right now.
They are headed toward Paris .
A freedom convoy taking place in France right now.
Je leurs souhaite bonne chance
Nothing like a French cutie & her friends singing about the globalist elites who “blabber on CNN.”
The good guys, the bad guys (French yellow-vest)
https://www.youtube.com/watch?v=cBiHJxGxz1g
Of course YouTube took down the version with English subtitles. Go figure.
You can use the CC feature to look at the English lyrics.
https://www.youtube.com/watch?v=cBiHJxGxz1g
How ironic would it be if all the Soy who voted for Biden to get free community college or student loan forgiveness get drafted instead – and sent into battle under officers promoted on the basis of diversity and inclusiveness rather than merit. When “woke” feminized militaries go up against non-woke adversaries, it may not end well for Team Inclusivity.
US warns of Russian cyberattacks and GOP congressman says Ukraine invasion is now ‘inevitable’ after Biden failed to ‘project strength’: President warns Putin of ‘swift and severe’ cost during hour-long call
https://www.dailymail.co.uk/news/article-10507257/US-warns-Russian-cyberattacks-congressman-says-Putins-invasion-inevitable.html
US officials warned that Russia could begin cyberattacks against America as it prepares for a possible invasion of Ukraine that a congressman called ‘inevitable.’
The Cybersecurity and Infrastructure Security Agency (CISA) issued a ‘Shields Up’ alert on Friday night, warning all organizations in the US, regardless of size, to ‘adopt a heightened posture when it comes to cybersecurity and protecting their most critical assets.’
How ironic would it be if all the Soy who voted for Biden to get free community college or student loan forgiveness get drafted instead
Best I can do is a free crack pipe – Pedo Joe
https://i2.wp.com/www.powerlineblog.com/ed-assets/2022/02/IMG_5214.jpeg
We might all be smoking crack by the time this shambolic administration reaches its conclusion. Especially if Kamala Harris is behind the Resolute Desk.
Interesting I knew about Andrew Yang seemed like a nice likable guy who probably would have been a good NYC mayor, but this article surprised me.
On a cultural level, we must stop defining masculinity as necessarily toxic and start promoting positive masculinity. Strong, healthy, fulfilled men are more likely to treat women well.
https://www.washingtonpost.com/opinions/2022/02/08/andrew-yang-boys-are-not-all-right/
Male testosterone levels have been dropping since the 1980s, which might help explain the prevalence of Soy Boys and other notional “males” of the sort who pull the D lever. With the globalists going all-out to break down traditional male and female roles as part of their broader assault on the nuclear family, Yang’s call to let boys be boys will disappear down the Memory Hole without a trace.
https://www.reuters.com/article/health-testosterone-levels-dc/mens-testosterone-levels-declined-in-last-20-years-idUKKIM16976320061031
“Male testosterone levels have been dropping since the 1980s…”
We’ve gone from Billy Idol to Adam Levine.
Unless he’s planning on defecting to the GOP, he’s asking to be cancelled.
Holy moly the first 10 comments on that wapo article. Some women really do hate white men for the patriarchy that existed in every civilization until about 20 years ago.
If he thought that there would be a sympathetic ear found in the Left, which for some reason he is part of, he was sorely mistaken.
There’s a conundrum for sure: Trade schools and physical work is where all the testosterone is, while white-collar cubicle wimp jobs is where are the money is.
As for middle-age men not finding partners, maybe they need to stop thinking they deserve someone young and hot, and start looking for the 40+ women with the cats who more befit their station. Too old for kids which is fine, but it might head off some deaths of despair.
Yang wants to extend the child tax credit; I don’t agree. I’m not against support services or rent assistance, or even *gasp* day care if the mom provides a W-2. But handing out cheese checks with no strings attached is a recipe for disaster.
Young and hot are usually not career minded or self supporting unless their parents are wealthy.
There’s a conundrum for sure: Trade schools and physical work is where all the testosterone is, while white-collar cubicle wimp jobs is where are the money is.
From what I have observed, most trade school grads handily out earn college grad cubicle dwellers.
In the twentysomethings I know, the diesel mechanic is doing far better than the four college graduates.
That said, I don’t think marriage or children are on the horizon for any of them.
Oxide.. I don’t know about credits, but why isn’t every single family expense for getting yourself to work and your kids taken care of tax deductible at the very least?
Right now people are paying 15k per year (or more) in childcare(per kid), then only making 30-45k per year in some instances, and still paying a shitton of federal and state tax.. Meanwhile, meals are 100% tax deductible for business. Now I’m biased because I think personal income tax should be 100% abolished in favor of pure corporte and self employment taxes (why is a minimum wage worker even filing a tax return?), but it also seems stupid to fight tax deductions and credits for the working poor, when corporate income taxes and capital gains taxes are where the rich are avoiding paying their fair share.
‘The center of Canada’s capital city, Ottawa, was flooded by thousands of protesters on Feb. 12 demanding an end to COVID-19 mandates and restrictions.’
‘Many more joined the ongoing trucker-led protest with the arrival of the weekend. Numbers grew from the night of Feb. 11 into the next morning as supporters seemingly poured into the city.’
‘Greater masses of people were particularly noticeable on Parliament Hill and then later on the streets, where they spilled out from the immediate vicinity of the truck blockade.’
https://www.theepochtimes.com/thousands-pour-into-ottawa-amplifying-the-voice-of-protest-around-the-capital_4274271.html
I think Trudeau’s strategy will be to ignore them and hope they will eventually become discouraged and go home. It worked on the yellow vest protests in Europe.
If you can’t bash a soft target the next best thing is to Dox them. Home address is great but work is good too. Then, let others take over. Or maybe you can gather all of the magazine subscription cards at your local library and sign up your soft target for a few dozen subscriptions?
I hope Juliette Kayyem enjoys her new magazines.
Then, let others take over.
This is a common theme with you. Are you sure you aren’t a glowie?
The question is are you sure?
You certainly talk like one.
I’m not sure how Glowies talk. Maybe Glowies usually accuse others of being Glowies?
Back in HS, my cronies & I enlisted a local n’er-to-well to order a blow-up doll to be delivered to our vice principal at his office. Our conspiracy was abortive, since at least one of the plotters blabbed to his girlfriend, who then told half the school, which resulted in the main malefactors – including yours truly – being summoned to the VP’s office, not for the first time. To our astonishment, he seemed to find the crude hilarity behind the caper amusing, as did the entire front office, and cracked up while he was reprimanding us. Up to that point we’d found him utterly humorless and authoritarian, so that reaction was unexpected. Since the doll was never ordered – our lowlife adult accomplice pocketed the money we gave him – no “offense” had been committed and we got off with a warning. The whole episode actually raised the vice principal’s esteem in our eyes, and maybe earned us style points for creativity in the teachers’ lounge. Nowadays, of course, we’d probably be expelled & added to some government watchlist.
I always assume that people who talk about committing illegal or malicious acts in open forums like this are either law enforcement plants, or imbeciles.
They’re both!
When globalist propaganda outlets call a theory “twisted,” they unintentionally lend it more credence.
Tulsi’s Twisted Theory: Biden Actually Wants a Russian Invasion
https://news.yahoo.com/tulsi-twisted-theory-biden-actually-033641586.html
Amid the rising threat of Russian military action against Ukraine, Tulsi Gabbard has come to the conclusion that President Biden and NATO leaders are actually looking forward to a Putin-ordered invasion of the U.S. ally.
Gabbard said Friday that all Biden has to do to prevent an armed conflict in the region is to pledge that Ukraine will not become a NATO member. She claimed that since it’s “highly, highly unlikely” that the nation will become a member anyway, Biden and NATO allies should just say it—something they haven’t done.
Vote blue, go zoo: Denver edition.
Crime-ridden Denver is now PAYING businesses to set up in its drug and alcohol-ravaged downtown district in bid to rejuvenate area – as drug-related crimes in the city are 26.8 percent up
https://www.dailymail.co.uk/news/article-10508049/Crime-ridden-Denver-PAYING-businesses-set-drug-alcohol-ravaged-district.html
AKA, the 16th Street Mall. Which used to be a place to hang out, especially to have lunch if you were attending an event at the convention center. Now? Fuggedaboudit!
How the mighty have fallen.
Latest from #ClownWorld
Christian disability assessor who was sacked by the DWP for refusing to call transgender woman ‘she’ takes fight to High Court – insisting his faith means he should not be forced to address a 6ft bearded man as ‘madam’
https://www.dailymail.co.uk/news/article-10507853/Christian-doctor-David-Mackereth-sacked-trans-views-fight-High-Court.html
“Dr Mackereth, an A&E doctor with 28 years’ experience, was sacked as a medical assessor for the Department of Work and Pensions in 2018 after refusing to identify clients by their chosen gender instead of their biological sex.”
Beneath it all Dr. Mackereth is just a simple dutiful white man, an ancient race.
Heath Crisis preludes to Covid19 according to Robert Kennedy’s book on Fauci and Gates.
1976 Swine Flu. Fatality: 1. 49 million US citizens took a “shoddily tested, zero-liability vaccine. $135 million tax dollars was spent on this vaccine. The vaccine caused “Some 500 cases of Guillian-Barre syndrome, 32 deaths, more than 400 paralyzations, and as many as 4,000 other injuries. In the end, “…the government paid out $83,233,714” to injured plaintiffs and spent “tens of millions adjudicating and processing those claims.”
Post 9/11 Anthrax Attacks launched the Biosecurity Era. Fatality: 1. This “attack” caused the United States to stockpile billions of dollars’ worth of a questionable anthrax vaccine. There is amble evidence that the anthrax came from one of three US Army labs.
2005 Bird Flu. Fatalities: 282 worldwide from 2003-2009. The US authorized $7.1 billion to “protect Americans from his [Dr. Fauci’s] avian plague.” Additionally there was “$1.2 billion for sufficient avian virus vaccine to inoculate 20 million Americans.” And there was, “$3 billion for Fauci’s new seasonal flu vaccines.” It doesn’t appear from the book that the vaccines were actually given out, just a lot of research and stockpiling.
2009 Hong Kong Swine Flu. Fatalities: “fewer than 145 people worldwide over eleven weeks since its first appearance.” WHO activated $18 billion worth of sleeper contracts to pharmaceutical companies to rush a vaccine to market. GlaxoSmithKline came up with “Pandemrix” which appeared to increase miscarriages, additionally, narcolepsy, and febrile convulsions, paralysis from Guillain-Barre syndrome, debilitating narcolepsy and cataplexy. “The Glaxo vaccine killed and injured so many children and health workers with various forms of brain damage that it forced Glaxo to withdraw the vaccine.” (Note: WikiPedia through WHO reported a total of 18,449 deaths worldwide for the duration of the pandemic)
2016 Zika. Fatalities: 0. Zika is virus endemic to Central American and much of South Asia. Fauci convinced the world that Zika was responsible for microcephaly (babies with tiny heads) . $2 billion was authorized for vaccine development. A startup called Moderna Therapeutics was given $125 million to develop a vaccine. No functional vaccine was ever delivered “because Zika disappeared”.
2019 – … Covid 19
Finally, Fauci “coauthored a study for the Journal of Infectious Disease confessing that virtually all of the “influenza casualties in 1918 did not actually die from flu but from bacterial pneumonia and bronchial meningitis”.
Just so you know.
If Trump would’ve done this to Crooked Hillary, the DNC’s FBI Chekists would already be building a case against him, while the MSM would be screaming for his head on a pike. But since the roles are reversed…crickets.
Clinton campaign paid tech workers to dig up Trump-Russia connections: Report
https://nypost.com/2022/02/13/hillary-clinton-campaign-paid-tech-workers-to-dig-up-donald-trump-russia-connections/
Hillary Clinton’s 2016 presidential campaign paid an internet company to “infiltrate” servers at Trump Tower and the White House in order to link Donald Trump to Russia, a bombshell new legal filing alleges.
The Friday filing from a Department of Justice prosecutor tasked with investigating the origins of the FBI’s Russian probe served to throw cold water on Democrats’ longstanding allegations of collusion.
Very easy to understand and only 11m6s!
M&M Clips: Is the spike protein mRNA in Moderna & Pfizer vaccines identical to SARS-CoV-2 mRNA?
How did we get here? The moral decay in American society is shocking.
Flyysoulja – I’m An Island Boy ft. Kodiyakredd (Official Music Video)
https://www.youtube.com/watch?v=3q1bcrovelY&t=5s
what a comment:
Thank you Island boys, you saved my brother. he was paralyzed in a fatal car accident, luckily when I played this song, he rose and clicked the sound to mute.
Nandor Szabo
8 days ago
Real-estate prices are flying through the roof, so I started blasting this song with all I got. The prices in my district have been on a free-fall ever since. A few more days and I might be able to afford my first home 😀 Thank you Island Boys!
I don’t imagine those Island Boys have gotten into any fights in front of bars because the damage that would be done to their faces being slammed on the sidewalk by utilizing the hair handles growing out of their skulls would be unimaginable.
Let’s Go Brandon Super Bowl ad.
https://www.youtube.com/watch?v=uinu8vldWaM
“Let’s Go Brandon Super Bowl ad.”
Which quarter are the going to air this outstanding ad?
I would be willing to turn on the Social Justice Bowl just to see it.
I’m not watching the game. Has the ad played at all? Please tell me if you see it. I’m skeptical if the ad will even be aired.
Only 314 Looting days till Christmas
I didn’t watch the game so I didn’t see this Joe Mixon’s TD pass, so instead I posted one of his college highlights that I had seen below. (It is worth watching 1:43 into the video to see the girl he knocked out try to get to her feet)
By Bryan DeArdo
3 hrs ago
Super Bowl 2022: Joe Mixon pulls off ‘Cincy Special,’ becomes third RB in Super Bowl history to throw a TD
Surveillance video showing Joe Mixon assault released
https://www.koco.com/article/surveillance-video-showing-joe-mixon-assault-released/8508969
We don’t call it the National Felon’s League for nothing.