An Industry Reeling From An Unprecedented Stretch Of Defaults
A report from The Daily Ardmoreite. “The quick sales and higher costs have led broker Marcus Cunningham to notice an interesting new quirk in the market. That is the number of people who back out of purchasing after getting an offer accepted. ‘Typically when someone puts in an offer and it gets accepted, that sale will almost always make it to closing,’ said Cunningham. ‘Now I’m seeing more people back out of houses in the first week than I ever have in my career. I think what happens is people are getting jumpy because they know how tight the market is right now. They’ll put in an offer early then freak out because they think they’ve made a hasty decision. That’s always occurred at times, but it’s getting more common.'”
From Dakota News Now. “The hot housing market in the Sioux Falls area is driving buyers to compete fiercely against each other. That also means some are skipping on an important step in the process, to try and get an edge. Amy Stockberger, Broker and Owner of Amy Stockberger Real Estate, said her business has seen that competition ramp up to many skipping on home inspections, as a way to sweeten the deal for sellers. ‘They’re going to find some things. That’s just part of home ownership,’ said Stockberger. ‘We’re very clear with our buyers that it’s not a point of renegotiation. A homeownership does have some items that will need to be fixed. But that’s the luxury.'”
From Vail Daily in Colorado. “As town and county governments regulate short-term rentals, some Summit County Realtors worry about what the future has in store. Leah Canfield, a real estate agent with Coldwell Banker Mountain Properties, said she’s seen interest from buyers in Breckenridge slow since the regulations went into place. Steve Fisher, board president of the Summit Association of Realtors, said it’s too early to tell how exactly the new rules will impact sales. However, he has heard from Realtors like Canfield, who are struggling to sell in Breckenridge.”
From Spectrum News on New York. “Joan Zhu, a small property owner in Brooklyn, said she hasn’t received any rental income from her Sheepshead Bay apartment unit in nearly two years. She said once the eviction moratorium went into effect in March 2020, her tenant paid April’s rent and hasn’t paid a dime since. ‘He asked me to put the mortgage into forbearance, not paying my property tax bill. He said, ‘It’s pandemic. There’s nothing you can do about it. I just stay here,’ said Zhu.”
“Zhu said she pays $3,128 a month for mortgage, property taxes and water at the two-family home. Her tenant’s $2,500-a-month rent payment would have covered the majority of that. Renee Digrugilliers, who practices landlord-tenant law, said the pandemic protections are still hurting landlords. ‘The two family homeowners who are dependent on this rent to pay their mortgages are going to lose their homes because nobody’s doing anything to help them,’ Digrugilliers said.”
Southern Maryland News. “By a 5-0 vote, the St. Mary’s County commissioners rejected a request to rezone a 2-acre property at 29871 Charlotte Hall Road from split commercial/residential to completely commercial. Removing the split zoning would benefit the property owner by providing the clear rules for future development, according to local land use attorney Chris Longmore. Brian Lopez, executive vice president of Osprey Property Co. of Annapolis said Southern Maryland has a glut of low-income housing and typically has a tenant turnover of 50% each year.”
The Holland Sentinel in Michigan. “Holland Township is growing, and with it is growing housing demand. But a study of township housing needs, paid for by the township government, showed the pace of housing development is on track, and slightly ahead, of projected demand for the next 20 years. The study found the township does not have enough stock of owner-occupied housing, estimating there is a demand for 10,358 units with only 9,704 units available (either already owned and occupied or marketed to homeowners), while there is an oversupply of rental housing compared to demand, with a demand of 4,155 rental units and 4,693 units for rent.”
From Better Dwelling. “Canadian real estate prices are soaring, but the fastest growth is not coming from big cities. BMO chief economist Douglas Porter tells clients to really think hard about this growth. Home prices are now rising even faster than at the peak of the 1980s real estate bubble. Most of that growth isn’t coming from emerging global hubs, but small towns. He asks investors to consider: Do all small towns have supply shortages? Or is the madness of the crowd taking over?”
“The CREA HPI only goes back to 2000, so there might be questions about how it compares to the ‘80s bubble. For that, BMO has to use the average transaction price from land registries. ‘… But even on the somewhat more volatile average transaction price measure, where records go back to 1980, the two-year gain is also a record-hot 48%,’ says Porter.”
“Adding, ‘In other words, the Canadian housing market has just seen bigger increases than ever witnessed through any two years of the great housing bubble of the late 1980s. Just as a reminder, that episode ultimately saw the overnight rate climb to 14% to quell inflation and bring the market to heel. Prices then went into the wilderness for a decade.’ The bank rhetorically asks, ‘Do you seriously believe that each and every one of these smaller centers suddenly suffers from a supply shortage, or could it possibly be that a common demand factor is driving the madness across the entire region?'”
From Stuff New Zealand. “Westpac is picking the biggest fall in prices, with a forecast of a cumulative 13 per cent drop, starting from the second half of this year and running through 2023 to 2024. The bank’s acting chief economist, Michael Gordon, says Westpac has expected moderate price declines since late last year. ‘But the timing of that turn boiled down to when rising mortgage rates started to weigh on what people were willing to pay for a house.'”
“It was always a question of how much momentum was left in the market before it would cool, he said. ‘The latest Real Estate Institute figures have left us revising our forecasts around timing, as it now looks as though the turn is coming sooner than we had assumed.'”
“BNZ’s chief economist, Paul Conway, says it is unlikely there will be ongoing price inflation in the housing market, because mortgage rates are going up, population growth has slowed dramatically, and there is a building boom going on. There is no way the current value of houses can be justified, BNZ head of research Stephen Toplis agrees. ‘Prices are unsustainable, but we have generated a perfect environment for a correction.'”
From Bloomberg. “Chinese property stocks slid after Zhenro Properties Group Ltd. said it may not have enough cash to meet debt-payment obligations next month, in a move that may undermine efforts by the government to stem financial contagion in the sector. Meanwhile, a bondholder is suing some directors of Chinese developer Fantasia Holdings Group Co. in Hong Kong, alleging that the company made ‘inaccurate and misleading’ announcements last year, highlighting growing concern about surprise defaults by developers.”
“Only seven weeks ago, Zhenro looked like a rare beacon of strength in a Chinese real estate industry reeling from an unprecedented stretch of defaults. Now Zhenro has become the latest developer to warn it may not meet its obligations, an about-face that’s extreme even by the standards of an industry where negative surprises have multiplied over the past year.”
From Yahoo Finance. “‘When… the most reliable buyer with its own printing press and an incredible willingness to buy – when they step out of the market, that is a fundamental change to the marketplace,’ Mohamed El-Erian told Yahoo Finance Live this week. ‘So it shouldn’t come as a surprise that [stock prices] are lower, because $120 billion a month of asset purchases are disappearing.'”
“According to Liz Ann Sonders, chief investment strategist at Charles Schwab, investors have to try to factor in the shrinking of the balance sheet – what she called ‘a tightening cycle that is unlike any we have seen in the past’ – even if it’s uniquely challenging to do so.”
Comments are closed.
‘They’re going to find some things. That’s just part of home ownership…We’re very clear with our buyers that it’s not a point of renegotiation. A homeownership does have some items that will need to be fixed. But that’s the luxury’
Right oh Amy! And next month – more luxury, and the next, etc.
Amy…… that’s called passing on losses to depreciation to the next sucker…… And knowlingly and deliberately concealing it is fraud.
Avon, CT Housing Prices Crater 15% YOY As New England Housing Prices And Rental Rates Drop Like A Rock
https://www.movoto.com/avon-ct/market-trends/
Realtors are liars.
If the Ukraine leads to WWIII and an all-out nuclear exchange, somewhere under the radioactive rubble a realtor would be lying to someone.
WWIII ain’t happenin’. It’s all just a bunch of olds with pumped up chests in positions of power, acting tough. Just look at FJB – he talks so tough but 98% of the male population could jack his jaw and send him to an early grave.
Rigby, ID Housing Prices Crater 23% YOY As Excess Housing Inventory And Plunging Prices Blanket Idaho
https://www.movoto.com/rigby-id/market-trends/
As a noted economist explained, “The number one cause of personal bankruptcy is the 15 and 30 year mortgage.”
‘mortgage rates are going up, population growth has slowed dramatically, and there is a building boom going on’
Good thing shacks don’t cost much down there. What’s the amount of pesos, a few thousand?
‘‘Do you seriously believe that each and every one of these smaller centers suddenly suffers from a supply shortage, or could it possibly be that a common demand factor is driving the madness across the entire region?’
This article is interesting in that it has some HBB between the lines questioning. You’ll have to go to the link to see which tiny sh$tholes are red hotness.
mortgage rates are going up
No fixed rate mortgages in Kiwiland is going to make things very interesting.
The foreclosed will have to burrow tunnels to live in like Hobbits, but without the nice wood interiors or the big round doors.
A 1350 sq ft 3/2 around the corner just listed for 925K$ in my so so San Diego hood. It’s a short block from the main street so there is a low drone of near constant street noise and it’s not a flip. That’s about 10x median family income in my hood.
I think 2022 is going to be the year the “sound lending” narrative falls apart. We got to about 6x income in SoCal in the last bubble via subprime and now we are at about 10x but somehow got there through sound lending. It’s a farce.
On another note, Biden is going to extend the COVID “state of emergency”. No worries though because the worst part of “two weeks to flatten the curve” is the first two years.
In my Poway neighborhood: 13647 Orchard Gate Rd, Poway, CA 92064
Date Event Price Price/Sq Ft
02/16/2022 Listed $2,199,000 $569
03/30/2020 Sold $1,349,900 $349
09/14/2013 Sold $1,060,000 $274
“full of $300,000 in sophisticated upgrades”
$2.2M? Sound buying practice means you should make between $400K – $500K a year to buy. A little more than the average I bet.
Sound buying practice
🤣
I doubt people buying homes in our neighborhood are mortgaging the whole amount or first time buyers. I suspect they’re upgrading or relocating from SF or LA.
“I doubt people buying homes in our neighborhood are mortgaging the whole amount or first time buyers. I suspect they’re upgrading or relocating from SF or LA.”
I’ts not different there.;)
People making $400-500K aren’t buying in this neighborhood so that leaves people with equity at this point.
People making $400-500K aren’t buying in this neighborhood so that leaves people with equity at this point.
Agreed, but there is a “food chain” so to speak. Without first time buyers it comes to a grinding halt. I suppose that Angelenos and Bay Aryans might decide to move to relatively calmer and safer San Diego and prop up the local market, but they might also decide to Newsomland and move to Arizona, Texas, Florida, etc.
Some might move to northern states like Idaho, Montana, Wyoming or the Dakotas, though I expect many will react to their first winter the way the Jamaican bobsled team reacted to a wintry Calgary in “Cool Runnings”.
“state of emergency”
What’s funny is that when I go out I don’t see any signs of a state of emergency. Brandon wants to pull a Trudeau on us, probably escalating the fake state of emergency into something that would allow him to “temporarily” postpone the Nov election. No doubt Gen. Milley and Co would go along with it.
For all we know, doddering old Brandon is a demonically empowered monster.
For all we know
He’s a head on a lollipop stick.
He’s a head on a lollipop stick.
It’s what he appears to be, that’s for sure.
Biden is going to extend the COVID “state of emergency”.
Crap. More excuse for the social justice warriors to extend masking and push vaccines, even if the states and counties take away restrictions.
“More excuse for the social justice warriors…”
An excuse to delay those student loans payments, again.
An excuse to delay those student loans payments, again.
Perhaps their hope is they will die before they have to make any payments. And if they are jabbed it might actually happen.
An excuse to delay those student loans payments, again.
“I need serious help. I’m a 39-year-old single man with over $140,000 in student loan debt. I recently had to quit my job making $125,000 a year due to severe anxiety and depression. It was so extremely overwhelming that my doctor put me on all types of meds to cope. However, I ended up quitting because of severe panic attacks. Now I’m making nearly 50% less of what I was making before and I’m currently in a Chapter 13 bankruptcy. I’m in really bad shape. Please tell me how I can get assistance with my student loans. I’m in dire need of help.”
This guy’s an idiot, but this whole banker credit orgy deserves a lot the blame. It has been proven that the majority of people will always hang themselves with debt. We’re in another “Wall St. on parade” situation after these focks should have been permanently wiped out in 2008. Instead, .gov doubled down on a credit bubble.
More excuse
Perhaps they are in a corner. Surrender will be their extinction.
Debt Donkeys are going a little cray cray……. housing prices are doing a whole lot of cray cray.
Arvada, CO Housing Prices Crater 14% YOY As Inventory Soars Across Denver Area
https://www.movoto.com/arvada-co/market-trends/
cray cray…..we love the cray cray🤣
Now that the WEF’s globalist Quislings have consolidated their regimes in Australia & New Zealand, Canada with its plentiful cuck population is next on the list. The Biden regime and DNC will be looking on with open envy as Lil’ Fidel escalates his financial warfare against anyone who fails to comply with globalist-dictated “mandates.” But Trudeau & Biden would do well to remember that if they weaponize the banks against the people, the latter are going to start yanking their deposits en masse.
Canada Moves to Make Asset Freezing Under Emergencies Act
Permanenthttps://summit.news/2022/02/21/canada-moves-to-make-asset-freezing-under-emergencies-act-permanent/
“Nothing lasts longer than a temporary government program.”
Canada has moved to make the asset freezing part of its Emergencies Act, which was used to target supporters of the Freedom Convoy protests, a permanent fixture.
Wow, who saw that one coming?
In order to stop what the Trudeau regime referred to as “illegal blockades,” the government threatened to freeze the bank accounts of demonstrators and anyone who donated money to them.
Might having yer bank account stolen (in winter) harm yer health? Isn’t that the issue?
For those who said, “hanging people is wrong, boo!” Just what’s it gonna take? These people are not going to stop and the sooner they are dealt with the better. Most people know exactly what’s going on with the death injections. They are laughing at the control freaks waving their arms. We know nothing that comes out of the media or guberment can be trusted and is probably 100% backa$$ward.
The good new is K-dns are pissed. You won’t see it on the TV, but they are rallying all over the country. If justine showed his coward face, it’d get ripped off.
Lame Stream News Reporter Having A Bad Day
https://www.bitchute.com/video/pDm3HLhi96xX/
45 seconds.
Real Journalist laments that this is “not a kinder, gentler Canada” while Quisling regime jackboots are seizing the assets of anyone who donated to the trucker convoy while it was still perfectly legal to do so.
Highly intelligent journalist wonders: “why do they hate me? Could it be because my network has called them nazis for the past month?”
It’s not just the non-stop MSM lies and distortions. It’s their role as the Deep State’s adjuncts and propaganda organs.
It’s their role as the Deep State’s adjuncts and propaganda organs.
Good paying jobs are hard to come by these days. It’s either that, or flipping burgers at Wendy’s for these no talent hacks.
Kill Justin Trudeau.
Somebody please kill him already.
Best regards, an American citizen posting from the United States.
I said it before – they need to be playing ice hockey in Winnipeg with his head as the puck.
These people are not going to stop
No white flags. Trudeau showed that the WEF isn’t playing around. They will not let Canada become free, even if they have to destroy it in the process.
Unlike Oz and Kiwiland, Canada isn’t in the Antipodes. It borders the US, and if people want to flee they can sneak across the mostly unguarded border, and it might come to that: refugees from Canada. I doubt Brandon will welcome them with open arms and I expect that our so far AWOL border czar will reappear, cackling, about how borders have to be enforced and that people just can’t enter the US at will.
Cackling Kamala and her boss have no problem with people entering the U.S. at will, as long as they’re not heritage Canadians that would tilt our demographics in the wrong direction.
I would welcome my Canadian friends as refugees. It sure beats the MS-13 riff-raff coming through the southern border.
At a certain point you just have to stay where you are and fight. Maybe it’s time for Canada to throw off the shackles of British monarchy and become a free people.
Happy Presidents’ Day!
Today is Monday, February 21st and Joe Biden is not the legitimately elected president of the United States.
The 2020 election was stolen.
“FJB was found savagely beaten in the Oval Office.”
A guy can dream…
Soros-installed DAs; corrupt, incompetent Democrat-Bolsheviks running City Hall; and police departments staffed with diversity hires yield predictable outcomes.
Homicides, rapes in Atlanta soar despite other decreasing violent crime: ‘Feels like “Groundhog Day”’
https://www.foxnews.com/us/homicides-rapes-atlanta-soar-2022
So far in 2022, homicides are up 43% compared to the same time period in 2021
This is my shocked face.
CDC admits it withheld data from the public because they didn’t want to create vaccine hesitancy
https://stevekirsch.substack.com/p/cdc-admits-it-withheld-data-from?utm_source=url
Ahem…
‘Similarly, the CDC long-standing policy is that no information can be released that may threaten the national vaccination initiative. This isn’t about public safety. This is about not letting the public know the vaccines are killing them.’
‘Let’s be clear. The CDC hid the data because the data proves they were lying to us. That’s the real reason. If the data was favorable, I guarantee you, they would be releasing it.’
Every single member of the World Economic Forum needs to be executed.
This whole thing was about money. It’s always “follow the money.” The people in charge of everything worldwide became fantastically wealthy as they looted their respective treasuries, and punished the serfs with draconian lockdowns. This ain’t about health, this is about wealth and absolute power.
his ain’t about health, this is about wealth and absolute power.
I have been trying to tell my nephew and brother this since April 2020. I have given up. Not worth the effort as both are triple vaccinated and always wear masks, including when in the Florida Keys.
I have been trying to tell my nephew and brother this since April 2020. I have given up.
I hear your frustration. I too have failed to convince relatives that being jabbed is a bad idea. When I had the coof, they held their collective breath, expecting me to die a horrible death. When it turned out to be no worse than a cold, I could tell they were stunned.
Another non-Narrative Compliant story to be disappeared down the memory hole.
BLM activist Quintez Brown who was arrested for trying to kill a Jewish mayoral candidate showed ‘allegiance to anti-Semitic causes including Lion of Judah Armed Forces’ on his social media accounts
https://www.dailymail.co.uk/news/article-10534697/BLM-activist-tried-kill-Jewish-mayoral-candidate-shared-anti-Semitic-views-social-media.html
A Black Lives Matter activist who was charged with attempted murder last week following an alleged assassination attempt on a Jewish mayoral candidate exhibited anti-Semitic views on social media.
Quintez Brown, 21, was arrested and charged with attempted murder shortly after Monday’s shooting in Louisville, Kentucky, in which Democratic candidate Craig Greenberg narrowly avoided the bullet.
Lion of Judah Armed Forces
No Wikipedia entry for them. I’m gonna guess they are self proclaimed “Black Hebrews”.
Odd, but news the globalist media tells me is “shocking” usually leaves me nonplused, as Stevie Wonder could’ve seen it coming.
China’s Latest Default Warning Takes Shock Factor to Extreme
https://www.bloomberg.com/news/articles/2022-02-20/china-s-latest-default-warning-takes-shock-factor-to-new-extreme?srnd=premium&sref=ibr3A0ff
Only seven weeks ago, Zhenro Properties Group Ltd.looked like a rare beacon of strength in a Chinese real estate industry reeling from an unprecedented stretch of defaults.
The company had just announced plans to redeem a perpetual bond and boasted that one of its units had secured a 9.14 billion yuan ($1.44 billion) credit line from state-owned Bank of China Ltd. Zhenro’s short-dated bonds were trading near 80 cents on the dollar, compared with 17 cents for embattled property giant China Evergrande Group.
Now Zhenro has become the latest developer to warn it may not meet its obligations, an about-face that’s extreme even by the standards of an industry where negative surprises have multiplied over the past year.
On Christmas Eve, 1979, the USSR invaded Afghanistan, with their forces “invited” in by a rump KGB-controlled government they had just installed in a coup that overthrew the previous regime. Looks like Putin is dusting off the same script.
Putin considers sending Russian troops to ‘defend’ separatists in Ukraine at ‘bonkers’ security council meeting as his top aides lay out case for war – as eagle-eyed viewers spot evidence it is pre-recorded
https://www.dailymail.co.uk/news/article-10534495/Ukraine-crisis-Tens-thousands-casualties-days-invasion-warns.html
Vladimir Putin is today considering whether to invade Ukraine on the pretext of ‘defending’ separatists in the country’s breakaway eastern regions, at a ‘bonkers’ security council meeting in Moscow.
In a televised spectacle, Russia’s top security officials got to their feet in front of Putin one-by-one and laid out the case for war – claiming ethnic Russians in eastern Ukraine are under threat of ‘genocide’, that no peace deal can protect them, and that Putin should recognise Donetsk and Luhansk as independent and come to their defence.
claiming ethnic Russians in eastern Ukraine are under threat of ‘genocide’
They all say that . Russia will punish Ukraine as a warning to other countries not to join NATO . People will die and reporters will be gnashing their teeth and proposing sanctions like Russia gives a sh$t
Kamala Harris is over there now what a joke
The RBA sees no housing bubble.
Outrage over derelict Melbourne home with asking price of $1 million
https://www.news.com.au/finance/real-estate/selling/outrage-over-derelict-melbourne-home-with-asking-price-of-1-million/news-story/b3fd45b4c8d238c7fe08e2a9d1f9bd19
A Melbourne home that just hit the market is raising eyebrows for all the wrong reasons.
The three-bedroom, one-bathroom house is literally falling apart, causing it to draw the ire of social media users because of its eye-watering asking price.
Located in Richmond, just 3km away from Melbourne’s CBD, the home boasts stained, cracking walls, torn up floorboards and all around filthy living conditions.
The price guide puts the value of the property between $950,000 and $1,045,000.
The jackboots might’ve put an end to the Freedom Convoy, but the truckers have scored a huge moral victory by showing the true face of the globalist Quisling regime in Ottawa.
Canadian MP says single mom on minimum wage has had her bank account frozen for donating $50 to Freedom Convoy: Trudeau is blasted for draconian law that ‘would never have been imposed on BLM’
https://www.dailymail.co.uk/news/article-10535361/Canadian-MP-says-single-mom-bank-account-frozen-donating-50-Freedom-Convoy.html
A Canadian MP says the bank account of a single mom with a minimum wage job has been frozen after she donated $50 to Freedom Convoy.
Canadian banks have been freezing the accounts and canceling credit cards of people linked to the trucker protests in accordance with the Emergencies Act, which Prime Minister Justin Trudeau invoked last week in an attempt to clear the demonstrators from Ottawa.
Peaceful protests against tyrants do not work. Just ask the yellow vest protestors how it worked out for them.
Gandhi’s civil disobedience only worked because the British still had a shred of decency and shame, and were still a nominally Christian nation at the time. That of course, has since flown out the window in every Western nation.
I don’t know what the Canadians will do next, but if they do noting Trudeau will keep Canada under martial law indefinitely.
The shootings will start soon. It will not go well for the jackboots or those that hide behind them.
A man who can’t feed his children because his livelihood and savings were taken away can do some damage.
‘Now I’m seeing more people back out of houses in the first week than I ever have in my career. I think what happens is people are getting jumpy because they know how tight the market is right now. They’ll put in an offer early then freak out because they think they’ve made a hasty decision. That’s always occurred at times, but it’s getting more common.’
I guess word is getting out that the top bidder on a house these daze inherits the Winner’s Curse?
I think what happens is people are getting jumpy because they know how tight the market is right now.
I think the geopolitical risk factor has markets as nervous as a nine-year-old at the Neverland Ranch. If Russia invades Ukraine, European, Asian, and probably US markets are going to crater. Nothing like the specter of WWIII to frighten people out of signing on the dotted line for long-term financial commitments.
“If Russia invades Ukraine, European, Asian, and probably US markets are going to crater.”
Indeed. The added stress from higher energy prices will be the tipping point for the heavily indebted modern economies.
Soaring oil could be the one thing that could force the Fed’s hand on interest rate hikes. REAL interest rate hikes.
Satire, but this is where things are headed.
Canadian ATMs Now Asking Your Political Views Before Allowing You To Withdraw Money
https://babylonbee.com/news/canadian-atms-now-asking-your-political-views-before-allowing-you-to-withdraw-money
CANADA—Under orders from the Supreme Chancellor of the People’s Republic of Canada Justin Trudeau, all bank ATMs across the provinces will now require anyone attempting to withdraw money from their accounts to take a small quiz on their political beliefs.
“Let me be perfectly clear,” said Trudeau while standing in a puddle of his own urine. “Those with unacceptable views shouldn’t have money. These evil working-class people being allowed to buy things and eat is a threat to public safety and national security. Starting today, all ATMs will screen people for unacceptable views before they can withdraw funds.”
The Bee has an uncanny ability to predict the future.
And if it really gets this bad, Canadians will have to flee to the US, crossing the border illegally.
“No human being is illegal! They are economic refugees….Oh you mean those white conservatives from Canada!? Yeah F those nazis! ICE is rounding them all up as we speak”. Any braindead (redundant) liberal politician.
Leaving realtors to their own devices is an ethical and moral crisis.
Naples, FL Housing Prices Crater 27% On Soaring Mortgage Defaults And Plunging Demand Across South Florida
https://www.movoto.com/fl/34110/market-trends/
A song whose time has come.
Twisted Sister – We’re not gonna take it (With Lyrics)
https://www.youtube.com/watch?v=CQ0ftoiIQxU
Can liberals cancel a song from drag queens? Me thinks not
Bikers vs. the Soros scum – FAFO, Soy.
Armed Portland Antifa Pick Fight With Violent Biker Gang Then Blame POLICE When Things Get Violent
https://pjmedia.com/news-and-politics/victoria-taft/2022/02/20/armed-portland-antifa-pick-fight-with-violent-biker-gang-then-blame-police-when-things-get-violent-n1560735
Gunfire erupted when violent Antifa militants appear to have picked a fight with a notorious Portland, Ore. area biker gang.
Antifa lost.
At least one person ended up dead and five others were injured in Portland Saturday night.
Don’t know who this dude was, but this was on the 9News website.
I’m gonna go out on a limb and guess it was the jab.
I’m gonna go out on a limb and assume it was covid.
I’ve never heard of anyone “suddenly dying” of Covid, as in “he seemed fine, and then with no waring, he dropped dead. We are all stunned.”
Of the Jab, absolutely. People drop dead from that with no warning.
Cellular Biologist Dr. Christina Parks Says The Spike Protein Is Toxic And Is Devastating (2m17s)
“People of African descent respond more vigorously to vaccines containing RNA viruses and may need a lower dose.”
Interesting. And a very good point about turning our bodies into spike protein factories.
I haven’t heard much about it lately, but I know that an mRNA flu jab is being tested. I expect that it will be marketed as a universal flu jab, effective against all flu strains. I also expect the we will be told that, along with the COVID booster that we will need an annual flu booster jab., so get ready for your doctor to brow beat you on this, especially if you have been flu vaxxed in the past. So, mRNA up the wazoo on a regular basis. I have seen articles about how all jabs will eventually be mRNA.
all jabs will eventually be mRNA
Do not take any of them!
Do not take any of them!
That’s my plan.
Citizen! All of these sudden unexplained death are in fact attributable to Post Pandemic Stress Syndrome! This is what “The Science” tell us, and disputing “The Science” which has been validated by public health expert St. Greta, is grounds for a downgrade of your social media score and flagging as a potential boxcar passenger. Forward!
Post Pandemic Stress Syndrome
At first I thought you made this up as a gag, but after a quick looksie I see that this is being peddled by “experts”. I’m sure it will come in handy when everyone has one or more “sudden deaths” in their extended family.
Well, I personally knew somebody who died of covid the day after checking in for kidney treatment.
Don’t know of anyone dying of the vaccine, other than anecdotal reports on the internet. Of course if the internet sez it happened, then it did.
somebody who died of covid
That would most likely be died “with Covid”, wouldn’t it?
That would most likely be died “with Covid”, wouldn’t it?
My thoughts as well. One doesn’t show up at the hospital with no symptoms, test positive upon being admitted, and then die the next day of respiratory failure.
British music entrepreneur
I take the fact that we are not being told what he died of as a proxy for it was the jab. Maybe jab induced myocarditis.
Had he died of Covid the media would have made a big deal of it and said “See, even young, healthy people can die of the Omicron coof! We still need masks, social distancing and even lock downs. And for Pasteur’s sake, please get jabbed before it’s too late!”
for kidney treatment
‘ “Zhu said she pays $3,128 a month for mortgage, property taxes and water at the two-family home. Her tenant’s $2,500-a-month rent payment would have covered the majority of that. ” ‘
That whole getting-the-tenants-pay-my-mortgage thing really hit me with these sentences. And yet now real estate still goes high flying. One of the redditors has been commenting on West Virginia and how real estate is booming there. Funny how the Oil City plan is being chipped at by loose money.
The profound and far reaching toxic effects of appraisal fraud. It only takes one.
Burlingame, CA Housing Prices Crater 19% YOY As Bay Area Housing Prices And Rental Rates Drop Like A Rock
https://www.movoto.com/burlingame-ca/market-trends/
“Funny how the Oil City plan is being chipped at by loose money.”
It will stop being funny when the next foreclosure crisis lands squarely on Oil City.
If Bitcoin eventually returns to its fundamental value below $0, will governments feel compelled to come to the rescue of big financial players who lost everything?
Portfolio
Is Bitcoin Too Big to Fail?
Even as the cryptocurrency hits record
highs, threats to its long-term success
remain. (Part of the crypto column series.)
By Leah McGrath Goodman
November 05, 2021
Every few months or so, when Bitcoin inevitably swoons, there’s another bumper crop of doomsday stories about whether the cryptocurrency is going straight to zero. This autumn, that question was entertained by The Economist, Bloomberg, and, JPMorgan Chase & Co. CEO Jamie Dimon, who called it “worthless,” again.
It is unclear what is gained from the near-obsessive warnings about Bitcoin. But this has not stopped Dimon, billionaire Warren Buffett, and others of their ilk from taking swipes whenever they get in front of a microphone. After deriding the cryptocurrency last month, Dimon hastened to add, “I don’t want to be a spokesperson; I don’t care. It makes no difference to me.”
But if it makes no difference, why keep banging on about it? Somewhere beneath all the crypto-pageantry and peculiar moralizing about what makes other investments legitimate — while Bitcoin, according to economist Nouriel Roubini, remains merely a “pseudo-asset” — seems to be a deep-seated and very real fear that, one day, the world will wake up and Bitcoin, along with the entire $2.6 trillion cryptoverse, will have vaporized.
Although Dimon himself appears to think that is unlikely, worries about Bitcoin’s long-term future are not just idle catastrophizing. Many traders, hedge fund managers, and institutional investors across Wall Street are genuinely struggling to size up crypto’s systemic risks — and finding that it’s no simple network-mapping exercise. “It’s the question on everybody’s lips,” says a director at Coinbase, a cryptocurrency platform with partners in more than 100 countries. “Could this all go horribly wrong?”
…
seems to be a deep-seated and very real fear that, one day, the world will wake up and Bitcoin, along with the entire $2.6 trillion cryptoverse, will have vaporized.
And Bitcoin’s “value” is the deep-seated and very wishful pipe dream that, one day, the world will wake up and the Bitcoin, along with the entire $2.6 trillion cryptoverse, will have been globally adopted to replace the $40 trillion in loose global currency.
If Bitcoin is truly a safe haven asset as its backers claim, shouldn’t it be going up in the face of the Russian invasion threat?
Instead, it seems like the HODLers are dumping imaginary currencies and piling into actual currencies.
Why Bitcoin, Ethereum, and Dogecoin Plunged This Weekend
By Travis Hoium – Feb 20, 2022 at 4:50PM
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
Russia is once again causing volatility in crypto markets.
What happened
Trading took a turn for the worse in the middle of the holiday weekend for the cryptocurrency market and most values are down. There wasn’t a lot of news, but the liquidity may be little lower than normal on a long holiday weekend, causing values to fluctuate wildly.
The value of Bitcoin ( BTC -1.24% ) is down 4.4% in the last 24 hours as of 3:20 p.m. ET on Sunday while Ethereum ( ETH 0.08% ) has fallen 4.2%, and Dogecoin ( DOGE -1.17% ) is down 2.6%. The market started turning at about 8:00 p.m. ET on Saturday night and cratered until 4:00 a.m. ET on Sunday morning.
…
will governments feel compelled to come to the rescue of big financial players who lost everything?
Are they part of George Carlin’s “big club”? If not, they will get bupkis.
Maybe I’m bad at month but it looks like a $600 loss every month…assuming they are paying on time and there is no maintenance costs with 100% occupancy.
You’re good at math, but I’m signing you up for remedial spelling class.
“two-family home”
Landlord lives in one unit, tenant in the other.
‘ “Zhu said she pays $3,128 a month for mortgage, property taxes and water at the two-family home. Her tenant’s $2,500-a-month rent payment would have covered the majority of that. ” ‘
When I was looking for my new rental, I put in a “wanted” ad with the criteria I needed. It had to have land and room for my equipment, etc. I had a couple contact me who told me without even asking that they would rent me their recently purchased house on 5 acres for $1,500 less than the mortgage. I didn’t take them up on it, but WOW.
By the way, my current rental is a house that the landlords own free and clear. At my current monthly rent, it would take 66 years to pay for its current Zillow “Zestimate,” and that’s ZERO INTEREST. Think we’re in a bubble? LMFAO.
As if gas prices weren’t high enough already. This is going to add further strain to household budgets and transportation costs. There’s also a direct correlation between rising prices at the pump and Brandon’s plummeting approval rating.
Marathon’s Huge Louisiana Refinery Rocked by Explosion, Fire
https://www.bloomberg.com/news/articles/2022-02-21/marathon-s-huge-louisiana-oil-refinery-rocked-by-explosion-fire?srnd=premium-middle-east&sref=ibr3A0ff
Marathon Petroleum Corp.’s oil refinery near New Orleans exploded into flames on Monday, threatening to crimp fuel supplies and raise pump prices at a time of already rampant inflation.
The company’s Garyville, Louisiana, plant is one of the nation’s largest and a key supplier of gasoline, diesel and other fuels. Marathon said one person was injured and the blaze that started around 9:30 a.m. local time is now under control.
The Democrat Party is the party of raping kids:
https://www.thegatewaypundit.com/2022/02/26-year-old-trans-child-molester-gloats-light-sentence-thanks-marxist-da-gascon-makes-crude-sexual-remarks-10-year-old-victim-jailhouse-phone-calls/
No article title needed, it’s all in the URL string.
This is the brand, this is the identity, this is the party platform. When somebody says “Democrat Party” the first thing the majority of registered voters thinks is raping kids.
“They’re not sending their best”
These are founding members of NAMBLA. They run local chapters of NAMBLA.
When somebody says “Democrat Party” the first thing the majority of registered voters thinks is raping kids.
Sigh, if only that were true.
Plenty of Republicans too.
Fox News reporter Bill Melugin said Tubbs’ crude, sexual remarks about his 10-year-old victim were “unfit to print.”
His parents must be proud of their son’s achievements.
“their son’s”
Didn’t you read that this thing “transitioned” since when the alleged offense was committed?
I’m not religious, but there’s language in the Old Testament about this, and it’s called an ABOMINATION. Leviticus and Deuteronomy instruct to not have sex with your sister, not have sex with animals, don’t eat shellfish (wait, what?), don’t “cook the kid in its mother’s milk” (no cheeseburgers? The Dude can not abide), most of which seem to be common sense, today, just as it was 6,000 years ago.
Cutting your d* off and molesting a bunch of kids? It is an affront to God’s creation, if that’s what you believe. Sounds like a Globalist thing. Sounds like a Democrat Party thing.
Sounds like a World Economic Forum thing too. Look at Emmanuel Macron the Prime Minister of France. His male teacher / tutor molested him as a teen, then “transitioned” to become an alleged female, and they got married. He married his rapist.
“They’re not sending their best”
But the answer is “candlelight vigils”. That’s the answer to defunding law enforcement and releasing known demo-pederasts from prison.
That’s what an “enlightened society” will offer you when some monster puts a sunroof in your kids head….. a candlelight vigil. Didn’t we deal with this shit once before after the 1960’s anything goes experiment ended in disaster?
Candlelight vigils. The only light one these monsters is gonna see from me will be his last.
> “Didn’t you read that this thing “transitioned” since
> when the alleged offense was committed?”
“Gascón didn’t want to send Tubbs to jail because he feared [he] would be victimized and assaulted over his gender identity.”
I thought about it, but I agreed with Gascón.
Scratch any globalist, and it seems like there’s a pedophile lurking just under the surface.
EXCLUSIVE: ‘I love naked cuddles on a cold evening.’ How senior Facebook executive was caught in a pedophile sting after allegedly grooming a ’13-year-old boy’ with sick messages and arranging to meet up in Ohio hotel room
https://www.dailymail.co.uk/news/article-10535191/Facebook-exec-caught-pedophile-sting-allegedly-grooming-boy-13.html
Note that Salon dot com regularly published articles that promote the elimination of age of consent laws and the raping of kids:
“One’s decision not to vaccinate is “child abuse” according to a recent Salon piece that accused conservatives of using children as “pawns in their gross political games,” viewing them as property, and damaging their “mental and emotional health” while “tearing families apart,” largely in order to undermine President Biden.
Penned by senior politics writer Amanda Marcotte and titled “Vaccine refusal is child abuse,” the Friday Salon essay begins by accusing Republicans of opposing vaccination against the coronavirus in order to “sabotage” the Biden presidency.
https://www.breitbart.com/politics/2022/02/20/salon-right-wing-refusal-vaccinate-child-abuse/
Amanda Marcotte’s home address shouldn’t be too difficult to find (waves at 4chan).
“They’re not sending their best”
Some interesting journalists do:
1-Walk around without security, alone.
2-Drive their cars, alone.
3-Park in dark parking garages, alone.
4-Jog, alone, at night or early AM, alone.
5-Take the dog for 11PM walks, alone.
They are very alone, a lot.
Is cryptocurrency too big to fail yet?
The Financial Times
Opinion The FT View
Crypto’s rise requires a global response
G20 ministers are right to take proactive approach to crypto risks
The editorial board
Indonesia’s finance minister Sri Mulyani Indrawati, right, confers with Australia’s treasurer Josh Frydenberg before a group photo session at the G20 finance ministers meeting in Jakarta, Indonesia, last week
© Mast Irham/Pool/AP
The editorial board yesterday
…
Policymakers used to assume that crypto, while problematic for a number of reasons — including its potential to defraud ordinary investors and launder criminals’ ill-gotten gains — would not threaten the health of the financial system. This assumption may not be safe for much longer as cryptocurrencies and related assets become more mainstream. Problems in markets for cryptocurrency may increasingly “leak” into the broader financial system — imperilling the stability of banks, other lenders and so the wider economy. Cleaning up after such a crisis will be more expensive than preventing it from happening in the first place.
A survey published in June 2021 found that hedge funds expected to expand their holdings of so-called cryptoassets substantially. Instruments linked to cryptocurrency, such as derivatives, are likely to proliferate: many traders use options to bet on bitcoin’s value. Fidelity, one of the world’s biggest asset managers, launched a bitcoin exchange traded fund last week. Crypto’s move out of the shadows increases the risk that a sharp drop in price could shake confidence in major players, especially those that have funded their exposure through borrowing.
The nightmare scenario would be a crypto version of the 2008 financial crisis. On that occasion, uncertainty over which institutions were exposed to a collapse in novel financial securities was enough to cause financial markets to freeze up. For the moment though, there is no comparative “shadow banking” system that backs lending to the real economy with cryptoassets. Few would consider bitcoin a “safe asset”, unlike the mortgage-backed securities that were at the centre of the 2008 crisis.
…
Fidelity, one of the world’s biggest asset managers, launched a bitcoin exchange traded fund last week.
A lot of 401K accounts and IRA’s will be going “poof”. Will they get bailed out? Magic 8 Balls says “no”
A survey published in June 2021 found that hedge funds expected to expand their holdings of so-called cryptoassets substantially. Instruments linked to cryptocurrency, such as derivatives, are likely to proliferate: many traders use options to bet on bitcoin’s value.
These guys are pure scvm. They offer zero value to society. I look forward to the day it’s raining bankers from tall buildings.
“I look forward to the day it’s raining bankers from tall buildings.”
Years back I had a dream that I was throwing realtors out the door of a helicopter.
I slept like a baby that night.
A homeownership does have some items that will need to be fixed. But that’s the luxury.’”
Wut?!! I think that word “luxury” does not mean what you think it means, Amy.
He said, ‘It’s pandemic. There’s nothing you can do about it. I just stay here,’ said Zhu.”
Zhu, maybe it’s time you took an active interest in gub’mint overreach and the Democrat-Bolsheviks’ exaltation of parasitism and dependency as supreme societal virtues.
I’m sure Joan Zhu pulls the D lever every election, because, much like having your kids jabbed with an experimental DNA therapy, “it’s the right thing to do”.
Odds are Joan, down all that cash, will pull the D again in November.
The Dead Pool of Internet companies whose business models were only viable in a world awash in Yellen Bux is starting to claim more casualties.
Aussie company GigSuper collapses leaving $2.7m in debt
https://www.news.com.au/finance/business/other-industries/aussie-company-gigsuper-collapses-leaving-27m-in-debt/news-story/43fe2fc51b0d40472ad62eed3a514e61
A company that aimed to tackle “anger” when it came to superannuation has collapsed owing $2.7 million to unsecured creditors, as well as $200,000 to employees.
Yet GigSuper, which had 500 members, launched a crowd-funding campaign just two weeks after it was warned the fund would close in early 2022, according to the Australian Financial Review.
The Dead Pool
Isn’t Dead Pool supposed to be unkillable?
I think it is more of the Clint Eastwood type.
From wikipedia:
He’s also a wisenheimer, from what I have seen in comics. Don’t know about the movies, I haven’t seen them.
Aussie company GigSuper collapses leaving $2.7m in debt
Is that all? Pikers…
It’s been quite sometime since I stopped by. Came across the following article and wanted to share.
It’s Another Housing Bubble And The Fed Is Holding The Pin
https://www.zerohedge.com/personal-finance/its-another-housing-bubble-and-fed-holding-pin
Wondering if the main stream media will be bringing back catch phrases from the last financial crisis or will they create new ones?
CDOs- Collateral debt obligations
Subprime mortgages
Suspend mark to market
Liar loans
MBS- Mortgage backed securities
Derivatives
Financial weapons of mass destruction
Irrational exuberance
Every D voter is an accessory to the subversion & corruption of our institutions of governance, especially the rule of law.
Baltimore State Attorney who faces perjury charges over COVID hardship claim tries to have case thrown out and says she’s being targeted for being ‘woke and black’
https://www.dailymail.co.uk/news/article-10535729/Black-Baltimore-State-Attorney-facing-perjury-tries-case-thrown-out.html
A Baltimore State Attorney facing a $1million perjury lawsuit for fudging financial numbers while taking out a loan for a pair of holiday home purchases in Florida has tried to get the case thrown out, claiming she’s being targeted due to the fact that she’s black and progressive.
In their most recent filing in the federal case, attorneys for Marilyn Mosby, 42 – who is charged with two counts of perjury and two counts of submitting false statements on loan applications to make the purchases, which amounted to $1.02million – accused federal prosecutors of having a personal vendetta against their client, claiming one of the legal eagles even spread rumors she cheated on her husband.
Comrade Kamala’s epic incompetence is never more fully on display than during times of crisis. God help us if this pathetic babbling ignoramus is ever sitting behind the Resolute Desk.
Kamala Harris ripped as ‘perpetually unprepared’ after presser in Munich
https://www.foxnews.com/media/kamala-harris-roasted-for-presser-in-munich-an-outrageous-move
Many observers were not inspired by Vice President Kamala Harris’s trip to Munich over the weekend, arguing her press conference proved she was woefully unprepared to address the geopolitical crisis brewing on Ukraine’s border.
Harris traveled to Munich to meet with several European allies in hopes of securing a united front in the event that Russia’s Vladimir Putin decides to invade Ukraine. She met with Ukrainian President Volodymyr Zelenskyy and promised “severe” economic sanctions if Russia releases its troops. However, both she and President Biden have said that Putin has already made up his mind on a potential invasion.
Glenn Greenwald — The Neoliberal War on Dissent in the West (2/21/2022):
“Last June, PayPal announced a new partnership with the Anti-Defamation League (ADL), whereby the liberal activist group would identify individuals and groups whose ideology is, in the eyes of the ADL, “extremist.” This would enable not only PayPal but financial services companies around the world to then terminate their accounts and exclude them from the financial system. Clearly, once the ADL declares a person or group to be “extremist” and PayPal banishes them, no other mainstream corporation will want to be accused of hosting them. As PayPal’s founding Chief Operating Officer David Sacks warned at the time the partnership was announced, the purpose of this program is “shutting down people and organizations that express views that are entirely lawful, even if they are unpopular in Silicon Valley.”
https://greenwald.substack.com/p/the-neoliberal-war-on-dissent-in
The whole piece is a good read, but I like to highlight that the Anti Defamation League is, in fact, the Defamation League and has long since ceased to function as any kind of “civil rights” organization, and that, nobody is afraid of these frauds, just because they are on speed dial to get sponsored content quotes in the Washington Post and on CNN.
Nobody ever elected these clowns to govern anything. THEY DON’T GOVERN ANYTHING.
And they lack security details as well.
I can’t see FedGov allowing this to happen, especially with tensions with Russia running as high as they are.
Freedom Convoy DC trucker reveals plans to clog capital’s vital Beltway interstate and likens impending protest to ‘a giant boa constrictor that squeezes, chokes and swallows’
https://www.dailymail.co.uk/news/article-10536259/Washington-DC-convoy-like-giant-boa-constrictor-squeezes-chokes-swallows-you.html
A couple of years ago (just pre-pandemic I believe), a tractor jackknifed sideways across the American Legion Bridge, blocking all lanes in one direction. Fun and hijinks ensued as nobody could get anywhere for about 18 hours and they had to crane the truck off the bridge. Tales of commuter horror rang through the halls of churches and office buildings for days. That’s ONE truck.
Unlike Ottawa, DC is geographically limited. Without the Beltway the area would come to a near standstill, and possibly back up I-95 up and down the East Coast. If the truckers try to tie up the Beltway, you’ll get emergency declarations from not only Biden, but the Mayor of DC, and the Republican Governors of both Maryland and Virginia.
Let’s go Brandon!
I can’t see FedGov allowing this to happen, especially with tensions with Russia running as high as they are.
Hmmm … other than blocking the roads themselves, how will they stop the truckers? I mean, short of turning the military on the truckers? And I have a hunch that if they start shooting at the truckers, the truckers will shoot back.
the truckers will shoot back.
It occurs to me that many truckers will resent the brutal treatment of their fellows. If a significant number of them decided to take a sabbatical from driving, well we’d be kind of all in hardship. Of course under the new rules in Canada, they can be forced to work like the tow truckers were. Could be interesting.
they can be forced to work
I understand that the tow truck companies were threatened will losing their towing licenses. If the truckers are willing to forfeit their licenses, then what does Trudeau do? Hastily hire and import foreign drivers?
the tow truck companies were threatened will losing their towing licenses.
In this country nobody can lose their license for NOT doing something which is perfectly legal (sitting on their @ss at home). And nowhere does it say that a private citizen has to obey an illegal demand by any government official or police officer.
Unless the POTUS declares Martial Law and states that the Constitution is “Null and Void”. And that didn’t even happen to the Japanese Americans in 1942. The Government didn’t declare martial law and the government didn’t seize bank accounts or property of the Japanese Americans. The round up was orderly and all existing laws were followed.
I should know, both of my parents families were relocated from L.A. But my dad was a sergeant in the US Army (Regular), and nothing happened to him. His M1 Garand had live ammo in it when his unit (7th Division) moved out on December 7th to set up defenses around various military bases in the San Francisco area. He was never detained or anything.
We can argue about the legality of EO 9066 and whether it was “legal”, but FDR did nothing like Trudeau has done. Canada, New Zealand and Australia have literally turned into fascist states overnight. How easily freedom was lost in formerly democratic and free societies.
they can be forced to work like the tow truckers were. Could be interesting.
Nobody can force you to do anything here. What are they going to do, put a police/soldier in every truck and have them tell the driver to “Drive or else I’ll shoot you in the head”?
If a trucker is sitting at home watching “I Love Lucy” reruns, nobody can tell him to do anything. Unless, of course, if the Federal Government declares martial law. And even then, nobody has to do anything unless the government starts taking people out of their homes and executing them in the streets as an example of what will happen to anyone who is “Non-compliant”.
Long before that happens, the 100,000,000 gun owners in America will have already started to fill every police station with a billion bullet holes from all of those nasty AR-15s that the libs hate.
And America will be finished as a country. And do you really think that the military is going to start shooting civilians? That didn’t even happen in the French Revolution.
No the police will have to start shooting civilians and once they do, the shooting won’t stop for a very long time. Americans have amassed BILLIONS of rounds of ammo and just the number of fancy sniper rifles out there should cause every police officer just to hang up their guns and go home.
Once those really pissed off guys with the .338 Lapua sniper rifles start blowing off the heads of police officers, the police will all start running for the hills. Police helicopters? They’d be shot down in minutes.
No, if Biden declares Martial Law and starts shooting civilians, the law abiding gun owners of this country will most certainly start shooting back.
Remember years ago two yahoos with modified AK-47s had the entire L.A. Police Department running for their lives. It took hours for the LAPD to take them out and one guy blew his brains out before the LAPD could get to him.
What happens if 250,000 Americans all over this country start to fight back? Or 1,000,000? Or 10,000,000? Biden and company better be very worried that if they try a bone headed move like Trudeau is doing now, all bets will be off on the future.
True, but we are talking about Canaduh here. Their Parliament voted to back Emperor Trudeautine (AKA Darth Justinius)
Dark times for Canada and for the West. Meanwhile Putin has ordered troops into the Donbas as peacekeepers. I doubt he will do more than that, and I think there won’t be any NATO response.
Globalists gonna globe.
WATCH: Trudeau’s Deputy PM mocks freedom protesters with frozen bank accounts
https://thepostmillennial.com/watch-freeland-mocks-those-with-frozen-bank-accounts
Deputy Prime Minister Chrystia Freeland commented on what information was given to financial institutions by the RCMP, and mocked those with frozen bank accounts by saying that the only way to unfreeze their accounts was to not be apart of “illegal” blockades.
“The RCMP has given to the financial institutions names of leaders and organizers of the protest and of people whose trucks were part of occupations and blockades. that is the only information, according to the RCMP, that the RCMP has given to financial institutions,” she said.
“Amy Stockberger, Broker and Owner of Amy Stockberger Real Estate, said her business has seen that competition ramp up to many skipping on home inspections, as a way to sweeten the deal for sellers. ‘They’re going to find some things. That’s just part of home ownership,’ said Stockberger. ‘We’re very clear with our buyers that it’s not a point of renegotiation. A homeownership does have some items that will need to be fixed. But that’s the luxury.’”
The beautiful thing about rentership is that you don’t have to deal with this sh!t. Your landlord is just a phone call away to shoulder any repair that seems too costly or painful for you to do it yourself.
‘The two family homeowners who are dependent on this rent to pay their mortgages are going to lose their homes because nobody’s doing anything to help them,’
A few more stories like this one might serve to point out the financial folly of borrowing money to buy a home for purposes of renting it out to someone else. At what point in the history of financial transactions did this become a smart investing strategy?
I was busy, did Canadian prime minister Idi Amin Trudeau’s thugs beat any peaceful protesters, confiscate any minimum wage single mom’s bank accounts or trample any old women with horses today?
Never mind.
Gregg Re
@gregg_re
This footage shows one of many police beatings in Ottawa during the government’s ongoing crackdown on peaceful protesters. It was shot this morning by a bystander named Brian Kanabrowski.
https://twitter.com/gregg_re/status/1495182384781746180?s=20&t=mIoAvgF5vJDgD7hyeTmB_Q
It’s on, the USA Trucker Convoy is departing from Adelanto Stadium on Wednesday. I may go to take some video of this possibly historic event.
https://www.thegatewaypundit.com/2022/02/update-organizers-usa-trucker-convoy-release-route-across-country-washington-dc-organizers-release-official-statement/
Canadian MP Details How Struggling Single Mother’s Bank Account Has Been Frozen By Trudeau Regime
by Steve Watson
February 22nd 2022, 6:41 am
Canadian MP Mark Strahl related how a single mother in his district has had her bank account totally frozen by the Trudeau regime after she completely legally donated $50 to the trucker Freedom Convoy.
“Briane is a single mom from Chilliwack working a minimum wage job,” Strahl tweeted, adding “She gave $50 to the convoy when it was 100% legal. She hasn’t participated in any other way. Her bank account has now been frozen.”
In a follow up post, Strahl noted that the mother was attacked online by anti-freedom trolls after his initial tweet.
“I am not going to help you dox her,” Strahl asserted, adding “I know who she is and I won’t stop fighting for her.”
https://www.infowars.com/
Mark Strahl, MP
@markstrahl
To those of you, especially the media, demanding more details on Briane, having seen what has been said about her online today and what has been done to other convoy donors in the last weeks I am not going to help you dox her. I know who she is and I won’t stop fighting for her.
https://twitter.com/markstrahl/status/1495609957445926912?s=20&t=V0LkigQlp3cPLlBuIL90MA
Mayor of Ottawa: “‘How can we keep the tow trucks and the campers and the vans and everything else that we’ve confiscated, and sell those pieces of equipment to help recoup some of the costs that our taxpayers are absorbing?'”
The Post Millennial Clips Published February 21, 2022
https://rumble.com/vvhzfp-52907173.html