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A Model Based On Aggressive Investments With Over-Optimistic Judgment Of The Market

It’s Friday desk clearing time for this blogger. “Homeowners interested in selling are rushing to dump their domiciles before possible buyers run away. ‘The thought of rising interest rates has lit a bit of fire to our timeline,’ Meri Schroeder, a retiree in Frederick, Md., told The Journal. She and her husband expect to begin marketing their 3,400-square-foot home in the next several weeks.”

“As more supply comes on the market and mortgage rates rise sharply, sellers appear to be coming back to Earth, at least a little. ‘Price drops are still rare, but the fact that they are becoming more frequent is one clear sign that the housing market is cooling,’ said Daryl Fairweather, Redfin’s chief economist. ‘It goes to show that there’s a limit to sellers’ power. There is still way more demand than supply, and buyers are still sweating, but sellers can no longer overprice their home and still expect buyers to clamor at their door.'”

“‘The bottom line is that mortgage rates are on course to surpass 5%, a level not seen since February 2011, when the typical home in the U.S. was priced at just $166,000 — less than half the price of today’s typical home,’ said Realtor.com’s George Ratiu.”

“How long can California home-price appreciation top the surging inflation rate? Inflation is typically the byproduct of an overheated economy. Hot business cycles usually generate plenty of jobs and fat paychecks. Those opportunities help make lofty mortgages payments. But, remember, inflation also has a bad habit of pushing up mortgage rates. The 30-year average rate is already almost double its January 2021 bottom of 2.65%. And consider last year’s 4.7% average increase in the cost of living topped 3% mortgage rates. Inflation last topped financing costs in 1979.”

“A high-profile Botox doctor in Los Angeles has filed for bankruptcy after squandering his fortune as he built the luxury megamansion of his dreams. Dr. Alex Khadavi, 49, designed the mansion complete with a champagne tasting room, DJ booth, and NFT art gallery, court documents reveal. He even used 24-karat gold dust to stain the floors. However, he conceded that he ‘dreamed too big,’ when he realized that the lavish details had caused him to go way, way over his budget.”

“Colorado does not regulate HOAs, and little has been known about how often the groups litigate against homeowners. The local industry organization said it does not keep track of how many foreclosures HOAs initiate in Colorado. The state’s quarterly foreclosure reports — which are no longer being created due to state budget cuts during the pandemic — do not include HOA foreclosure numbers at all. Several Timbers homeowners said they kept up with their mortgage but still faced losing their homes because they fell behind on their monthly dues.”

“‘At first it was denial, like, ‘Oh, that’s just a threat. They can’t take away your home.’ And then, as things progressed, [we realized], ‘Yes, they can take away your home,’ said Timbers resident Mary Kunic.”

“Nova Scotia is trying something few provinces have done before: increasing taxes for all residential property owners who don’t live in the province full-time. Mark and Linda Northwood of Toronto are among the thousands of non-residents facing steep increases in their property tax bills. The couple bought land in the Kingsburg area sight unseen a year ago and planned to build a retirement home on the property. Now they’re having second thoughts. ‘If we had known this was coming a year ago, we would never have bought that property,’ said Mr. Northwood.”

“Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said despite the property market’s recovery, the issue of mismatch between supply and demand as well as affordability have contributed to the glut of completed but unsold residential properties. He said the number of unsold serviced apartments also showed an increase. ‘More than 85 per cent of the total overhang were for units priced at RM500,000 and above, with the majority being in Johor,’ he noted.”

“Over two dozen Chinese real estate companies failed to meet the March 31 deadline to file their audited financial reports for the 2021 year, and for the companies that did file, the results reflected a year of challenges. China Vanke Co, one of the giants in Chinese real estate, reported a 46% decline in net profits, the third time ever since the company went public in 1991; the chairman, Yu Liang, said it was a ‘wake-up call’ and apologized to shareholders. The shortcomings of Vanke, rooted in a model based on ‘aggressive investments with over-optimistic judgment of the market,’ according to Yu, are reflective of the approaches and practices of the real estate market in China that led to Evergrande’s collapse and the subsequent turmoil.”

“The housing market has turned in favour of buyers, with rising interest rates and tighter lending restrictions driving down values in the major centres. ‘If you look at just March in isolation, there are now nine of the 16 urban areas showing a value decline, including the main centres of Auckland, Hamilton, Wellington, Christchurch and Dunedin,’ QV general manager David Nagel said. ‘With the massive rise in listings over the past couple of months the balance of power has shifted firmly into the hands of buyers, after such a prolonged period of it being a sellers’ market.'”

“Home prices have begun falling in Sydney and Hong Kong, while values in Singapore barely rose last quarter, as buyers wary of rising interest rates and economic headwinds choose to sit on the sidelines. The turnaround couldn’t be more abrupt, after low borrowing costs and a fear of missing out during the pandemic spurred a global property frenzy that stretched from Toronto to Auckland. Home prices in Australia’s most populous city are showing signs of fatigue near record highs as expectations grow that the central bank will begin raising interest rates soon.”

“‘A lot of it has to do with interest-rate talk, and Sydney, because it is such an expensive market, is very sensitive to talk about rate rises,’ said Nerida Conisbee, chief economist at real estate firm Ray White. Waning competition at auctions ‘reflects the sentiment that has really changed towards the willingness of people to pay well above what the reserve price is.'”

“Residential prices in Hong Kong have been trending down since August with no quick recovery in sight. The city’s housing market appeared unstoppable last year, with prices breaking a record in August. Values have since declined 7.3%, according to Centaline Property Agency Ltd. UBS Group AG expects prices will fall this year due to the population outflow and rate hikes. Goldman Sachs Group Inc. is even more pessimistic, predicting a 20% drop by 2025.”

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This Post Has 165 Comments

  1. ‘At first it was denial, like, ‘Oh, that’s just a threat. They can’t take away your home.’ And then, as things progressed, [we realized], ‘Yes, they can take away your home’

    Well it was cheaper than renting Mary.

  2. ‘Home prices have begun falling in Sydney and Hong Kong, while values in Singapore barely rose last quarter…The turnaround couldn’t be more abrupt, after low borrowing costs and a fear of missing out during the pandemic spurred a global property frenzy that stretched from Toronto to Auckland’

    He he, bloomberg eat its crowz. Did nevergrande make a last minute payment? Oh no they actually didn’t! You had yer boom, enjoy the bust.

    1. the pandemic spurred a global property frenzy that stretched from Toronto to Auckland’

      Sure, “the pandemic” spurred it, not that disgustingly reckless money printing endeavor by the world’s central banks. Let’s string these cvcks up and get started on the crooked necks.

  3. ‘The bottom line is that mortgage rates are on course to surpass 5%, a level not seen since February 2011, when the typical home in the U.S. was priced at just $166,000 — less than half the price of today’s typical home’

    Watch out fer that tree George.

    1. “…are on course to surpass 5%, a level not seen since February 2011..”

      Could the 30yr fixed hit get back to ‘normal’ levels of 6% or even 7%?

      Not unreasonable, considering todays climate.

      Lets see if the Fed keeps its word and starts QT.

      1. “Could the 30yr fixed hit get back to ‘normal’ levels of 6% or even 7%?”

        Those rates would be too cheap if the mortgage markets were funded with honest investor money without government guarantees to prevent losses when homeowners default. In a true marketplace, houses would be much cheaper, mortgages would be no longer than 15-yrs and savers would earn something from their retirement nest-egg.

        1. It’s good perspective to recognize that the Fed’s Everything Bubble and 7%+ inflation were funded through a War on Savers.

  4. ‘The couple bought land in the Kingsburg area sight unseen a year ago and planned to build a retirement home on the property’

    Winnahs!

    ‘Now they’re having second thoughts. ‘If we had known this was coming a year ago, we would never have bought that property’

    These gotdam penguins are eating me out of shack and home!

    1. Pretty much every buyer the past year+ is a speculator hoping to get rich sitting on their asz watching their shack appreciate.

    1. “Get in the car. Get in there you piece of of sh*t.”

      This is what Mad Maxine Waters wanted, right?

      Oh no, no, no, that doesn’t apply here, because reasons.

      “They’re not sending their best”

      1. This needs to happen every time these corrupt Democrat-Bolshevik scum show their faces in public.

    2. You can phuc some of the people sometime, but you can’t phuc ALL of the people ALL of the time. Nice clip to start the day!

  6. This is what Denver Channel 7 reports as “news” sponsored content Realtorbabble provided by the National Association of Realtors.

    “Dysart and others say the key to breaking into this market may be pooling resources and buying with a trusted roommate or friend.

    “Two guys, two girls, roommate situations, whatever works,” Dysart said. “They have been doing that for years, but we’re just seeing more of it now.”

    Living with roommates past the age of 25? LOL@ no thanks.

    “Once you’re in it, it’s hard not to be emotional,” Reed said. “For me, a non-negotiable at first was having two bathrooms, but as we got into the market a little bit, you have to compromise. We got a garage, we have a really nice backyard, so I’ll learn to live with one bathroom.”

    You’ll learn to live with one bathroom? At least you have a really nice backyard you can pee in if the bathroom is occupied.

    https://www.thedenverchannel.com/news/360/prices-increase-9-inventory-remains-historically-low-in-hot-denver-housing-market

    “Real estate experts, however, say homebuyers shouldn’t give up hope just yet as they predict an inflection point is soon coming which will eventually mean more longer lasting homes on the market, more listings, and maybe less competition …

    every weekend, really, someone who’s in the house hunt right now needs to go out there, tour a fresh crop of homes, probably pre-inspect them so that they’re in a position to waive that inspection contingency, and then cross their fingers and hope their offer gets accepted.”

    Waive those inspections, especially electrical. You can always fix those problems later from watching YouTube videos.

    “it’s kind of a classic tale of “drive till you qualify” and it’s become very true during the pandemic – a lot of people have shown a much greater willingness to drive further out and live further out from the central core of a metropolitan area, in the midst of the pandemic, whether that’s because they’re not engaging with sort of the social aspects and, you know, restaurants and so on of the center city”

    Enjoy that $7 gas soon, and all the tornadoes and hailstorms of the Eastern Plains.

    “Denver has really kind of undergone this transition from being a relatively affordable kind of part of the heartland with a bit of a premium because it was near the mountains, you know, maybe 10 or 15 years ago, and has just gone on this trajectory right up into the field of kind of expensive coastal city”

    https://www.thedenverchannel.com/news/360-in-depth/as-denver-metros-housing-market-boom-continues-experts-say-homebuyers-should-not-give-up-hope

    Denver is a sh*thole.

    1. More.

      KDVR — 10 reasons people might move out of Colorado (4/7/2022):

      “Denver is the seventh most expensive of the top 50 US metro areas, with a typical home sales price of $598,233

      Denver ranks 13th for the percent its home prices have increased since 2000

      Monthly rent prices are up in Colorado 21.95% year over year

      The cost of living in Colorado is 17% higher than the national average

      There are a record low number of homes available in the Denver metro area

      Denver housing is more unaffordable for middle class than nearly any US metro

      Denver has the 10th fastest-rising rent over the last year

      Colorado transportation costs are 6% higher than the national average

      Colorado has the highest car theft levels in the country, with a 32% increase over the last year

      Violent crime increased by 52% in Colorado over the last 10 years

      https://kdvr.com/news/local/10-reasons-people-might-move-out-of-colorado/

      “This sucker could go down” — George W. Bush

      1. • “Colorado has the highest car theft levels in the country, with a 32% increase over the last year”

        wow! figured it was CA easily in the lead.

      2. Colorado. Is. A. Blue. State.
        That’s the only reason I need not to live there.
        But I live in Illinois. So I’ve got nothing to say about anything.

    2. “Two guys, two girls, roommate situations, whatever works,”

      I wonder how such ‘family units’ come up with the funds to buy an overpriced shack. I’m guessing lenders might not be overly excited about repayment prospects under these circumstances.

  7. “‘The bottom line is that mortgage rates are on course to surpass 5%, a level not seen since February 2011, when the typical home in the U.S. was priced at just $166,000 — less than half the price of today’s typical home,’ said Realtor.com’s George Ratiu.”

    Sounds like the bubble is running low on oxygen and may soon die of suffocation.

        1. Exhibit 1 for why some readers/posters consider this platform sexist and/or misogynistic.

          2. Joking about a REALTWHORE using her body for a sale has nothing to do with misogyny, it’s something we’ve joked about for years. In fact, some are ex strippers. I happen to love women, was raised with a bevy of sisters, and find your comment to be clueless since misogynists hate women.

          3. clueless

            I’m pointing out what other posters have said. Having worked in a heavily male-dominated profession with 5-7 males to 1 female ratios, as long as it’s not directed or expected of me, I don’t care. I had colleagues who discussed things like a patent directed to a semen taste-enhancement dietary supplement.

          5. biological female

            My kids were born on a farm (mostly). One of them asked me how to tell if the kittens in the barn were boys or girls. I told them “They’re marked on the bottom”.

  9. About 12% of homes for sale had a price drop during the four weeks ending April 3. That’s up from 9% a year ago, according to Redfin.
    The number of new listings last week jumped 8% from a year ago, according to Realtor.com. This follows four straight weeks of annual declines in new listings.

    1. “They’re marked on the bottom”.

      Am I correct to assume that was before the transgender farm animal era?

      1. Am I correct to assume that was before the transgender farm animal era?

        Wait until they try to milk a bull.

  10. More local news.

    “Data analyzed by Denver7 Investigates shows that the city’s most serious drug offenders are facing minimal accountability in court, a problem Denver’s mayor says needs to be addressed immediately.

    “We have a problem and we need to find a way to fix it,” Mayor Michael Hancock said. “We’ve got to start holding people accountable.”

    Hancock spoke to Denver7 Investigates following a Denver7 investigation in February that showed, among other issues, 69% of the 1,298 suspects arrested on felony drug charges received a personal recognizance (PR) bond, meaning they did not have to post any money to bond out of jail. Of those who received a PR bond, 45 percent percent failed to show up for a future court appearance.”

    The City / County of Denver voted 79.55% for Pedo Joe.

    “Erasmo Fernandez did not receive a PR bond. After being arrested with a loaded firearm and 20,000 fentanyl pills by undercover police, Fernandez received a $10,000 bond, meaning he had to pay $1,000 to get out of jail. Yet, he still did not show up for his next hearing.”

    20,000 fentanyl pills, is that a lot?

    https://www.thedenverchannel.com/news/investigations/the-system-is-broken-denver-mayor-says-court-issues-need-to-be-addressed-immediately

    Colorado Sun opinion piece:

    “Fentanyl is poison. Fentanyl is killing people across our state every day. The General Assembly made a terrible problem worse in 2019 when it “defelonized” possession of up to 4 grams. Legislators need to remedy this problem now by “refelonizing” distribution and possession of fentanyl.

    Fentanyl is destroying the lives of far too many Coloradans. In 2021, fentanyl overdoses killed at least 767 – a 42 percent increase over 2020. Over the past two years the number of fentanyl fatalities grew faster here than in any other state, except Alaska.”

    At least there’s no more mean tweets now, right?

    “Fentanyl largely originates in China, is smuggled through Mexico, and flows across our Southern border. That’s not something Colorado lawmakers can do anything about, but that does not mean there is nothing the Colorado General Assembly can do. We can re-felonize fentanyl and give prosecutors and police the tools they need to crack down on the fentanyl dealers who prey on Colorado citizens.”

    Originates in China and is smuggled through Mexico? Sounds like a Democrat Party thing.

    “The Colorado General Assembly seems intent on treating fentanyl dealers with kid gloves. In 2019, the General Assembly passed, and Gov. Polis signed, legislation “defelonizing” possession and distribution of a myriad of drugs, fentanyl among them.

    While many lawmakers now recognize that law for the mistake it was, several “criminal justice reform” proponents and lawmakers are unwilling to revisit the 2019 law.

    https://coloradosun.com/2022/04/08/colorado-fentanyl-misdemeanor-felony-opinion/

    When your child dies from a fentanyl overdose, take comfort that they were vaccinated (and boosted) at the time of their death, because the outcome could have been much worse.

    “They’re not sending their best”

    1. According to DEA, 2 mg is a potentially lethal dose. And 4 grams has been defelonized? That’s enough to kill 2000 people.

  11. “And consider last year’s 4.7% average increase in the cost of living topped 3% mortgage rates. Inflation last topped financing costs in 1979.”

    Does anyone recall what happened in the US economy over the next couple of years following 1979?

    1. Does anyone recall what happened in the US economy over the next couple of years following 1979?’

      I got a CD at 12% in early 1980’s

    2. When you contrast the FED’s own CPI numbers with their Fed Funds Rate, these guys just got exposed for the criminals they are. Stable prices is their mandate, but Powell was standing up in front of the country talking about how he was going to let inflation rip. How does this guy still have a job, and why has there not been an emergency rate hike – a HUGE one?

        1. Whose emergency is it?

          All of the FED members’ who have been harping about inflation lately?

    1. Real Journalists.

      “During his Wednesday address, Obama self-righteously claimed that “You have to fight to provide people [with] the information they need to be free and self-governing.” The catch is, who gets to decide which information is good and which information is bad? Obama does. Or, at least, he thinks he and his partisan peers are the special “chosen ones” who should decide what is “disinformation.”

      Let’s take a look at the specific “disinformation” Obama is concerned about.

      “In our society, you have currently roughly 40 percent of the country that appears convinced that the current president was elected fraudulently and that the election was rigged,” Obama told his audience, making no mention of the fact that larger percentages of Democrats believed the same thing after 2016.

      Obama proceeded to lament that “You have 30 percent to 40, 35 percent of the country that has chosen not to avail itself of a medical miracle. The development of a vaccine faster than anything we’ve ever seen before, which by the way now has been clinically tested by about a billion people and yet, are still refusing to take it despite extraordinary risks to themselves and their families.”

      https://thefederalist.com/2022/04/07/barack-obama-and-company-dishonestly-lecture-uchicago-students-on-disinformation/

      Remember in summer 2021, King Obama’s Royal Birthday Party on Martha’s Vineyard, where they reduced the guest list from 600+ to only 400, because CCP Flu, but had the party anyway because they were (per the New York Times) “sophisticated, vaccinated people” (served of course by masked servants)?

      Yeah, we remember. Globalist scum, all of you.

      This isn’t your country, and you’re not American.

      We’re taking our country back.

      The Day Of The Rope is coming…

    2. Just look at that disgusting face. Would anybody be surprised to learn this creep was molesting young boys? Yuck.

      1. Remember the CNN producer whose Linkedin bio said he worked “shoulder to shoulder with Chris Cuomo” for a decade, who paid some single mom $3,000 to fly her NINE YEAR OLD daughter to visit him for sex training?

        Oh wait, you’re not supposed to remember that one.

        1. My work environment is boring middle aged dudes and suburban housewives. It’s really boring. The creeps want to work at cnn.

  13. “Over two dozen Chinese real estate companies failed to meet the March 31 deadline to file their audited financial reports for the 2021 year, and for the companies that did file, the results reflected a year of challenges.”

    That’s a lot of real estate CR8R. I keep wondering if it will be contained to China, like COVID-19 was back in January 2020, or will the contagion spread throughout the highly interconnected global financial economy.

  14. While this clears up some lingering questions I had about The Soy, it also redoubles my resolve to see that not a dime of my money goes to globalist “entertainment” giants pushing “woke” agendas and normalizing perversion.

    Disney’s head of content says Gen. Z is 30-40% ‘QUEERER’ than previous generations and it’s a business decision to ‘target’ them, kids of staff are offered info on ‘gender affirmation procedures’ and CEO Bob Chapek apologizes again in leaked Zoom

    https://www.dailymail.co.uk/news/article-10698061/Disneys-head-content-says-BUSINESS-decision-target-Gen-Z-LGBTQ-content.html

    1. The Federalist — Weirdos Who Want To Sexualize Your Children Should Absolutely Be Stigmatized As Groomers (4/7/2022):

      “The ranks of progressives and unmistakably pro-LGBT media — who spend their days throwing around insulting hyperbole like “Nazi,” “fascist,” and “silence is violence” — are being joined by so-called conservatives who’ve taken it upon themselves to lecture those to the right of them that ackshuuully it’s not appropriate to call the kids’ entertainment creators and state-sanctioned educators who insist on sexually indoctrinating 5-year-olds “groomers.”

      How about we just call you kid f*ers instead?

      “Most teachers aren’t themselves pedophiles, but they are working in a pedophilic system designed to make kids more exploitable — both politically and sexually.”

      They aren’t grooming kids for a specific pedophile, necessarily. They’re grooming them for a system of pedophilia — which in the long run will result in horrors we can’t comprehend.”

      https://thefederalist.com/2022/04/07/weirdos-who-want-to-sexualize-your-children-should-absolutely-be-stigmatized-as-groomers/

      This is the Democrat Party.

      “They’re not sending their best”

    2. “Gen. Z is 30-40% ‘QUEERER’ than previous generations”

      Aren’t these the same people who say that sexual orientation is genetic, and not a choice, and that you can’t be counseled out of it? So our DNA is evolving within 2-3 generations? And in the direction AGAINST producing offspring?

      No, I think that humans are still the same-old same-old <5% whatever-the-heck. Anything else, they're being counseled INto.

      1. I still conclude that Gabby Petito died from p**n s*x. but no one will admit it. choking hair pulling rough stuff….and it went too far. and he panicked because it was too far from a hospital.

        1. I wrote-off their story as a tragedy, and didn’t read any further into it. Were they into kink?

          1. It was an abusive relationship. The only suggestion of kink I’ve seen is from aNYCdj.

        1. Trying again…

          “But the less than 5% nowadays constitute far greater than 5% of the volume of political bullsh!t.”

          1. And from an evolutionary perspective, the less than 5% are likely to stay there, as they tend to reproduce themselves at a far lower rate than the 95% do.

    3. How does 30-40% think they are queer? Did they wake up one day and decide they wanted a rear delivery from another guy?

      When they finally realize their vile actions and have children will they regale their sons and daughters with the tales of their tails?

      1. How does 30-40% think they are queer?

        Indoctrination. Plus if they don’t have kids, all the more reason to import their replacements.

        All is moving forward according to the plan.

  15. – I’ll have another helping of crater-taters, please!

    It’s Friday desk clearing time for this blogger. “Homeowners [Speculators] interested in selling are rushing to dump their domiciles before possible buyers run away. ‘The thought of rising interest rates has lit a bit of fire to our timeline,’ Meri Schroeder, a retiree in Frederick, Md., told The Journal. She and her husband expect to begin marketing their 3,400-square-foot home in the next several weeks.”

    – Is it different this time? Fed cuts rates to essentially zero (ZIRP), and does QE. Financial conditions the loosest ever. Housing, stonks, bonds, every asset mania ensues. The everything bubble, the mother of all bubbles (MOAB) is created. Fed pulls the rug out from under asset prices with very late to the party (tiny) rate increases and threats of QT (more Fed jawboning, but little action, so far). Asset prices decline as bubbles burst. Rinse and repeat. What a joke of an economy. This is a global contagion. The central bank virus and Keynesian monetary experiments, including MMT went world-wide. Worse than the CCP virus, but also manufactured crisis.

    “‘The bottom line is that mortgage rates are on course to surpass 5%, a level not seen since February 2011, when the typical home in the U.S. was priced at just $166,000 — less than half the price of today’s typical home,’ said Realtor.com’s George Ratiu.”

    – Fed drove rates into the ground + QE (money printing) as part of their “wealth effect” policy. As rates go down, house prices go up. Not rocket science. Now “too much” inflation due to massive increase in the money supply. Oops! Who could have seen this coming? Fed must now try to contain the inflation genie. Again targeting “wealth effect” in housing and stonks, but this time in reverse. What a sh*t show! How are these guys still on the job? Fire their a$$es! The Fed is unelected and unaccountable. Congress? Hello? Bueller? Do nothing Congress. Too busy trading stonks in their Nancy Pelosi portfolios. There be consequences.

    1. “As rates go down, house prices go up.”

      It doesn’t help when the hillbilly GSEs raise their lending limits.

      1. hillbilly GSEs raise their lending limits.
        Seems logical but I was just on Wells website and it lists 30 year conforming (saleable to Freddie/Fannie) at 4.75 rate and a Jumbo 30 year (not saleable to Fannie/Freddie) at a 4.00% rate.
        I have seen this inversion before but not anywhere near this large. I don’t understand.
        Also, on the 30 year conforming at Wells it says your APR is LOWER with 10% down than it is for an identical loan with 20% down. I even changed loan size several times to see if that was the issue. Did not seem to be an issue. Why lower APR with lower DP?? I was involved with pricing 6-7 years ago and to me it makes no sense, you have more risk at 10% down than 20% down.

    2. If the FED was driving a plane like it drives interest rates it would be burning on the ground

  16. How about flipping shows that show what happens as the family recedes into bankruptcy? You know, the wife turning to tricks to feed the kids. Dad a bit aggressive with the belt. Etc.

    1. That would be quality television. Sort of like Arrested Development only worse. One of my favorite scenes was when they were watching a news segment inside their model home of a story about their shoddy development when the reporter breaks a window by barely tapping on it and you hear it shatter near them as they are watching the segment. Classic.

      It would be amusing to watch the flipper homes fall apart after a month or two of no bids.

  17. The Comrades of Proven Worth (D) in our Cultural Marxist institutions of “higher learning” are doubling down to accelerate our national descent into IDIOCRACY and to attain final victory in the globalist-Democrat jihad against standards, merit, and excellence – all rayciss. Forward, Soviet!

    Woke white Stanford academic is branded ‘Professor Karen’ for threatening to call police on black Berkelely professor who opposed her plans to dumb-down the school’s math curriculum to boost ‘equity’

    https://www.dailymail.co.uk/news/article-10697977/Woke-white-Stanford-academic-named-Professor-Karen-threatening-call-cops-black-professor.html

    1. The school district paid her $40,000 to advise them on how to teach less math. It feels like the last lug nut is loose and about to fall off the wheel on the California bus.

          2. Not too bad, I guess. The fire was put out relatively quickly and without structural damage. It was threatening some large homes on a ridge.

    1. “…Pushing 5.25% 30 year….”

      Can 6% or 7% be far down the road?

      Does the Fed have a backbone?

        1. “So why is the Fed being forced to raise rates?”

          – So far the Fed hasn’t done much. Balance sheet down $24B end of March. No change in Apr. Tiny 0.25% rate hike. Inflation (CPI) is 7.5% (about 1/2 actual), so just a lot of talk so far.

          – The Fed is political. It’s not independent. Neither is it part of government. It represents the banking cabal/cartel. The Fed is just another arm of the “Progressive” (aka Socialist/Communist) administrative/deep state. The Fed funds their crazy fiscal polices with printed $ (i.e. debt monetization). See The Ten Planks of the Communist Manefesto if any questions. Banana Republic stuff.

          – They’re in trouble with Brandon, since there wasn’t supposed to be any inflation from their MMT policies. Brandon wants to get reelected in 2024. The Dems want to get reelected in the mid-terms this Nov. Inflation is a big problem. The Fed now must change focus from supporting housing and stonks to crashing them in order to kill it.

          – Will the Fed follow through? We’ll see soon enough.

          1. They’re in trouble with Brandon, since there wasn’t supposed to be any inflation from their MMT policies. ”

            Blame it on Russia so keep war going

          2. I’m still puzzled why the stonks never threw a taper tantrum. Jay tapered a teeny bit in 2018 and the market went ballistic. This time, not only did they tapered from 120 – 0 in four months, they kept going. And the market is just trading sideways WTF.

          3. I’m still puzzled why the stonks never threw a taper tantrum.

            Because almost $11 TRILLION is a sheetload of money, and it’s all still sloshing around out there.

          4. And the market is just trading sideways WTF.

            The FED needs to contract the money supply by shrinking its balance sheet tremendously. Until then, it’s party on – risk on – especially since the Fed Funds Rate is .25%, and inflation is 8%. Investors aren’t going to hold cash in that environment.

            IMO, the FED finally screwed the pooch. They took everything way too far, and there’s only hell to pay from here on out. In a sense, they just got caught with their pants down. They were calling inflation “transitory” when it wasn’t, and now look how far behind the curve they are. Bad times ahead.

          5. How many times did we hear the word unprecedented? So what does it take to get inflation down after years of something never tried before and peaking with an insane global central bank blow out over the CCP virus? I don’t know and they don’t either. They have to be thinking: do we need to snuff 5 trillion$? Or 20? If it comes to that or more, hell will be paid.

          6. “They’re in trouble with Brandon, since there wasn’t supposed to be any inflation from their MMT policies.”

            LOL! Don’t hear much out of the MMT lunatic fringe nowadays…

        2. You have to make sure that you are looking at all the relevant economic data and trends. Perhaps you are missing key info 🙂


          1. Skyscrapper Index
          British economist Andrew Lawrence developed the so-called “skyscraper index” in 1999. The measure links the construction of the world’s largest buildings with the onset of an economic crisis.

          2. Men’s underwear Index
          Greenspan had reportedly said that sales of men’s underpants tend to be quite consistent, but dips in sales indicate that men’s finances are so stretched they decide to hold off on buying replacements.

          3. Hemline Index
          The “hemline index” emerged on the back of a thesis in the 1920s by Wharton Business School economist George Taylor. The theory is that skirts become shorter when markets are on the rise and longer in downturns.

          4. Lipstick Index
          Estee Lauder Chairman Leonard Lauder developed the “lipstick index” amid the economic downturn in 2001. He suggested that women would spend more on small luxuries, like lipstick, as pick-me-ups when times are hard.

          https://www.cnbc.com/2022/04/08/recession-signals-these-unusual-indicators-may-be-worth-monitoring.html

    2. Speaking of price discovery:
      ————
      “Excluding the cost of land, Khadavi spent $30 million on his dream home, which was three times his budget, The Wall Street Journal reports. The dream home will be auctioned off with a reserve price of $50 million, the minimum amount Khadavi would receive for the lavish project.”
      ————

      Hands up, who thinks this Botox dude is going to get his $50 million?

      1. These one-of-a-kind homes that only the original owner could love all eventually sell for about 50% off. I’ll wager about $20 million, maybe $18 if he waits too long to get real.

    1. No mention of his facebook or twitter accounts. You may no longer have your own opinions and expect to be employable.

    1. The Financial Times
      Emerging market investing
      Emerging market fund managers face worsening outflows
      Ashmore among those facing withdrawals as investors weigh rising rates and geopolitical events, says BofA
      Pedestrians pass apartment buildings at an Evergrande development in Beijing
      Investors are also retreating over concerns about their exposure to China
      © Andrea Verdelli/Bloomberg
      Adrienne Klasa and Jonathan Wheatley in London
      57 minutes ago

      Ashmore and other emerging market fund managers face further hits to earnings and worsening outflows, as investors retreat over concerns about higher interest rates, the war in Ukraine and exposure to China.

      This year will be tougher for most investment managers across Europe as markets become more uncertain, say analysts at Bank of America. The US bank has slashed its earnings-per-share forecast for Ashmore by 6 to 9 per cent for the first quarter of 2022, and expects assets under management to fall a further 11 per cent — among the heaviest projected drops for UK managers surveyed by BoA.

      Other leading investors with sizeable emerging market investments such as Abrdn, Schroders and Man Group are also exposed to these pressures. However, these managers are more diversified businesses than Ashmore, and less concentrated on emerging market debt.
      …

    2. When are these emerging markets seem to be taking their sweet time emerging. Isn’t emerging something you’re supposed to finish, eventually?

      1. emerging markets seem to be taking their sweet time emerging. Isn’t emerging something you’re supposed to finish
        Good Point. You would think so, but apparently not in our lifetime.

      2. “…taking their sweet time emerging.”

        That’s because we export our inflation with the dollar hegemony.

  22. The sham of our debt-fueled “recovery” is becoming apparent as the inflation created by 14 years of central bank “emergency measures” manifests as runaway inflation. Gosh, I sure hope the FBs who “won” bidding wars for insanely overvalued shacks don’t find themselves having to choose between paying their mortgages & putting food on the table.

    New Zealand Households Are Spending Less as Cost of Living Rises

    https://www.bloomberg.com/news/articles/2022-04-08/new-zealand-households-are-spending-less-as-cost-of-living-rises?srnd=premium&sref=ibr3A0ff

    New Zealanders are starting to spend less in response to rising fuel prices and other living costs, according to a survey of Westpac customers.

    Surging inflation is the biggest financial concern for consumers ahead of the impact of Covid-19 and the war in Ukraine, Westpac said in a statement released Friday in Wellington. The survey found that 44% of people are already spending less on petrol, 43% are cutting back on takeaways and dining out, and 41% have reduced grocery costs.

    1. New Zealanders are starting to spend less

      Rising prices help New Zealanders save more money!

      I like their style.

    1. You’d think that with midterms just months away that they would dial it down, but no, they’re going for the brass ring. Either they are deluded or are confident that the ballot box stuffing machine will once again do its magic.

      1. midterms just months away that they would dial it down,
        My thought exactly. And the R’s should Remember, “never interrupt your enemy when he is making mistake” and not do anything crazy to put the focus on them.

  24. New York Times — Are 1,818 Airbnbs Too Many in Joshua Tree? (4/7/2022):

    “Tensions over visitors, some of whom will, inevitably, want to claim a piece of the desert themselves, has been a part of the area’s story for years. But as the pandemic has boosted Joshua Tree’s allure for travelers, transplants and investors, it has magnified old conflicts and created new conundrums.

    The pace of growth is staggering. Demand for short-term rentals surged by 54 percent between 2019 and 2021, making Joshua Tree one of the top two fastest-growing markets in California and one of the top 25 fastest-growing markets in the United States, according to data from AirDNA, a company that collects and analyzes data from Airbnb and Vrbo. Joshua Tree and the nearby town of Yucca Valley issued 958 permits in 2021, more than nine times as many as they did in 2019, according to San Bernardino County and Yucca Valley data. As of March, there were 2,043 listings in Joshua Tree and Yucca Valley on Airbnb and Vrbo, more than twice as many as four years ago, according to AirDNA (1,818 are on Airbnb, though some are cross-listed).

    Over the past two years, the price of the average home rose more in Joshua Tree and nearby Landers and Twentynine Palms than in any other part of California, according to an analysis by the San Francisco Chronicle. One Realtor who works in Joshua Tree said that plots are now selling for quadruple 2019 prices.

    https://archive.ph/blJ2f

      1. The National Park is spectacular. I have backpacked in and camped in the backcountry of JTNP in February a few years ago. Get more than a mile from pavement and there’s nobody out there.

        The surrounding towns outside the Park are nothing special.

  25. The control freaks of the DNC must be looking on with open envy at the lockdown measures their ideological clones in the CCP have imposed on Shanghai, to include creepy drone messages telling the sheeple to “control your soul’s desire for freedom.”

    After the robot dogs, now China sends in the DRONES to warn Shanghai residents to ‘control the soul’s desire for freedom’ and not breach Covid restrictions

    https://www.dailymail.co.uk/news/china/article-10694025/Now-China-sends-DRONES-warn-Shanghai-residents-control-souls-desire-freedom.html

    1. No matter what they do, Omicron Ba.2 will find them all.
      Sweden paid a high price, but perhaps they were right.

        1. OMG, that’s a excellent tape . They also have 4 more that follow part one that you posted.

  26. Rising anti-government anger in China’s financial hub of Shanghai, where 25 million residents have been forced into an indefinite lockdown, has led to additional internal security forces being deployed into the city by worried CCP officials. Special technical units of the People’s Armed Police (PAP) tasked with monitoring the social media posts and cell phone calls of Shanghai residents report a puzzling development: each night, residents gather en masse on their balconies – expressly forbidden by lockdown rules – to bang pots & pans while chanting “Realtors are liars.”

    https://www.bloomberg.com/news/articles/2022-04-07/shanghai-lockdown-risks-becoming-biggest-crisis-of-xi-s-tenure?sref=ibr3A0ff

  28. I wish we had a responsible central bank like banana republic Peru.

    Peru Lifts Key Rate to 13-Year High After Inflation Riots

    https://www.bloomberg.com/news/articles/2022-04-07/peru-lifts-interest-rates-to-13-year-high-after-inflation-riots?sref=ibr3A0ff

    Peru raised interest rates to a 13-year high to tame soaring inflation that has triggered mass unrest in recent days.

    The central bank lifted its key rate half a percentage point to 4.5% on Thursday, its ninth straight hike, in line with analyst forecasts.

  29. This is a Mass Formation Psychosis article.

    Salon — After the pandemic ends, “pathological” health anxiety will persist for years, experts say (4/7/2022):

    “both experts and everyday people attest to at least one big social shift caused by the COVID-19 pandemic: A lingering and profound sense of anxiety over our health.”

    Oooh, experts.

    “In the context of a global pandemic, some degree of health-related fear is normal and adaptive . . . However, for a minority of children and young people, this health-related fear may become particularly distressing. It may interfere substantially with their functioning and persist over time.”

    So these globalists are now admitting that they intentionally psychologically mind-f*d an entire generation?

    “This will take generations to get past,” Dr. David Reiss, a psychiatrist in private practice and expert in mental fitness evaluations, told Salon last year. “And that’s because at every stage of development, things have been disrupted, whether you’re talking about my two-year-old grandchild who somehow has to understand seeing family members in masks, to four- and five-year-old kids who are just starting to socialize, to adolescents who can’t socialize, and all through different stages of life.”

    https://archive.ph/okLsW

    Everyone who participated in this unscientific medical tyranny (and with the “vaccines” that are not vaccines, medical genocide), will be identified, located, and hunted down and killed.

    “We’re all in this together” will be the last thing these globalists hear before getting a bullet in the back of their skull.

    1. So these globalists are now admitting that they intentionally psychologically mind-f*d an entire generation?

      Saw an article about how incoming freshmen cannot cope with the “demands” of college.

      1. A wide-awake teacher at my daughter’s high school told me yesterday that the freshman are “severely stunted” after years of lockdown, zoom classes, etc.

      2. I had a lot of trouble coping with the demands of my college. Especially in the areas of dealing with nearby late-night bacchanals with deafening music, drunken partygoers who thought it was funny to set off false fire alarms at 2am, and skunky chicks coming on to me.

    2. “This will take generations to get past,” Dr. David Reiss, a psychiatrist in private practice and expert in mental fitness evaluations, told Salon last year.”

      “What else could we do!? At least 10 healthy children have died from COVID, so we had to shut the whole world down and cause permanent damage to millions.”

      1. This will take generations to get past,” Dr. David Reiss, a psychiatrist in private practice and expert in mental fitness evaluations, told Salon last year.”

        More gender identity classes are needed ASAP .. In Palm Springs you get paid to be Gender switching whatever that’s called cant remember need more classes

    3. This is the world you get when billionaire globalists become terrified of a virus with a penchant for killing olds. The young were never threatened, and there should have never been any lockdowns anywhere. The young are the future, not some old globalist cvck who is terrified of leaving this mortal coil and his precious billions. Die, pigs.

      1. By the way, there’s a point that’s barely ever talked about but which is very important: The lockdowns forced the poor to stay indoors, cooped up among each other, creating a hotbed for virus spread. Meanwhile, the billionaire thugs have mansions on vast acreage for “lockdown,” assuming they ever even adhered to it. This was never about health.

        1. +1 to both of these posts, it was never about health.

          Every member of the World Economic Forum needs to be sentenced to death and executed. Every one, zero exceptions.

          It’s gonna be a challenge but we’re gonna make it happen. These globalists can’t hide in their bunkers forever, and for the very deep pocketed ones, their ex-Marine or ex-Mossad security detail have no reason to stay loyal.

          They’re only doing it for the money, and it’s our job to flip them, then go in for the kill.

          Any non-member of the WEF, but who has participated with them or spoken on their behalf, they get the rope too.

          Any and all Real Journalists who participated in this, from the TeeVee talking heads, down to the lowly Twitter Blue Checkmarks, you’re getting the rope too.

          All of which (waves at Glowie) occuring within the landscape of an entirely fictional game of Minecraft, of course.

          P.S. Glowie’s wife is getting plowed by Chad while they’re getting paid to read these threads, and that is not fiction 🙂

          1. LehighValleyGuy , posted a great tape above that is awesome and revealing on how scammed we have been regarding so called Science.

  30. Housing, because it always comes back to property taxes.

    Destroy public education? That actually sounds like a great idea. Articles like this are the reason why America needs a national divorce, the establishment of a Christian nationalist homeland, and let the kiddy diddlers in Clownifornia and New York have their own countries that no sane person would choose to live in.

    Salon — The guy who brought us CRT panic offers a new far-right agenda: Destroy public education (4/7/2022):

    “Earlier this week, the man who’s been widely credited with single-handedly willing the “critical race theory” panic into existence (even if the truth is a bit more complex), laid out a new set of marching orders for the right: Defund public universities, discard academic freedom, remove credentialing requirements for K-12 teachers and generally foster so much anger against public schools that it drives a nationwide popular movement to privatize education.

    The man in question is Christopher Rufo, a senior fellow at the Manhattan Institute, a conservative think tank. Since he helped elevate CRT into a national culture war in 2020, Rufo has frequently been cast (or cast himself) as the new master strategist of the right, playing three-dimensional chess as he lays out his battle plans publicly and counts every media mention of them as a win. In the spring of 2021, he famously crowed on social media that he’d “successfully frozen” the CRT “brand” as the overarching ideology behind almost everything conservatives dislike. This January he tweeted about his new goal to “bait the Left into opposing [curriculum] ‘transparency,'” in order to trigger conservative suspicions that public schools have something to hide …

    speaking to a school organized around the idea that the political war will be won in education, Rufo issued a new strategy he called “Laying Siege to the Institutions.” This means waging a “narrative and symbolic war” against both publicly-funded entities like K-12 schools and government agencies, as well as private corporations and the concept of academic freedom itself.

    Rufo began his talk with a narrative that’s become depressingly commonplace among the right: In the mid-20th century, leftists discouraged by the failure of the socialist revolution to spread worldwide shifted their aspirations to creating a top-down revolution of the elite, organized around cultural and identity politics rather than class consciousness. These days that narrative is often shorthanded as “cultural Marxism,” which until recent years was widely considered a disreputable conspiracy theory strongly associated with antisemitism, alt-right web forums and the most marginal figures of the far right. These days, as with so much else, the idea has migrated into the conservative mainstream, as just a slightly harder-core means of expressing the right’s sense that they “lost the culture” years ago.

    https://archive.ph/QER2o

    Exterminate whitey and let us rape all your kids?

    Gee I wonder why there would be any push back against that.

    Globalists gonna globe.

    1. “in order to trigger conservative suspicions that public schools have something to hide”

      Like when public school teachers told kids to not let their parents observe what was going on in the zoom classes?

    1. They aren’t going to give up on the jab mandates. Sure the Supremes threw most of them out. But we can’t count on them to do that in the future.

  32. “A high-profile Botox doctor in Los Angeles has filed for bankruptcy after squandering his fortune as he built the luxury megamansion of his dreams. Dr. Alex Khadavi, 49, designed the mansion complete with a champagne tasting room, DJ booth, and NFT art gallery, court documents reveal. He even used 24-karat gold dust to stain the floors. However, he conceded that he ‘dreamed too big,’ when he realized that the lavish details had caused him to go way, way over his budget.”

    Everyone wanted one right?

    2. “…complete with a champagne tasting room…”

      I have my own ‘champagne tasting room’ too. I also call it my back porch.

  34. Austin listings accelerating past few days. Most seem to be in a hurry to sell as most new Realtor listings don’t have pictures yet. They’ve gone from 20 a day on average to 140+. Seeing a new listing every 5 to 7 mins.
    Canary in the coal mine?

    1. They’re already underwater by hundreds of thousands of dollars, and they don’t even know it yet.

    2. Listings up 12% in past 48 hours. Most are dumps that should do wonders for comps when they cut prices next week.

    3. And that’s what 5% mortgages will do. Now imagine 7-8%.

      No one could have seen it coming.

    4. Austin has gone insane. When we were there in February there were so many homeless encampments I thought I was in Manhattan. Lived there for 8 years and I would flee if I lived there now.

      1. there were so many homeless encampments

        Ditto in Dumver. Was there on Sunday. Not downtown. I saw several homeless encampments.

        And petty crime is soaring in my little burg. So far it’s mostly porch pirates and car break ins (to steal stuff in the car), but I expect it’s going to get worse, a lot worse.

  35. The evidence shows the Covid 19 Pandemic was faked to accomplish the goals of Private Party Entities literally trying to take over with a One World Order Dictorship.
    While the news has shifted to War and Famine , they aren’t done with Covid, or some new medical emergency.
    Currently now China is plagued with Covid lock downs , based on a new variant ,while strangely their major populated cities weren’t before.
    IMHO , this new surge in China is faked, just as the original ground zero new Pandemic was faked about 26 months ago.
    The Pandemic was faked by fake testing , and mal practice treatment of respiratory in medical system , while valid respiratory treatments were censored and supressed, where medical system was bribed to collude with the Covid fraud.
    Now the deaths and injuries are due to the fake vaccines, that don’t stop the disease or transmission, or reduce symptoms.
    Will people be compliant to the next round of this medical fraud with new lockdowns and more fake vaccines? Will they come up with a new faked Pandemic in near future to rig midterm elections because it worked so well before?
    Joe Biden saying that the US should lead in the “New World Order” without explaining what he means by a New World Order, is evidence he is a puppet for this treasonous power grab.
    Nobody voted for a One World Order, ruled by Corporations , Money Changers and the Elite.

  36. This was a fun one: https://www.abc4.com/news/average-utahn-has-to-save-over-10-years-to-buy-a-home/

    According to the ZipRecruiter’s data on salary, average income for Utahns as of 20221 is about $59,000 annually, a healthy $19,000 more than adjusted 1992 salaries. It does remain below their reported national annual salary of about $66,500.

    This data is less hopeful, however, when considered in conjunction with average housing prices in Utah. According to Zillow, average home listing prices in Utah are about $540,000. According to these numbers, the average Utahn saving 10% of their annual income for 10-12 years straight to afford a down payment of about 10-15%. The average recent Utah college graduate, however, only makes about $39,000 annually, meaning they would have to save even longer to afford a home.

    1. Before the FED started using the currency to fantastically boost the wealth of themselves and their buddies, one could easily find a modest $50,000 house in every small town across the west. Now, those are over $300,000 everywhere.

    2. they would have to save even longer

      Not to mention that they couldn’t pay the balance of the loan off in their lifetime.

  37. “Homeowners interested in selling are rushing to dump their domiciles before possible buyers run away”

    Checking Realtor Colorado Springs Monday home listed for sale 1170, Wednesday 1,230. Today 1,317

    Yep I’d say that sounds like rushing

    1. Colorado Springs sounds more appealing than Denver.

      It’s a city, and it has city problems, like every other city, but Denver is getting out of control…

    1. It crosses my mind that if the GOP takes control of the House and Senate in November that BLM and Antifa will suddenly crawl out of the woodwork and wreak havoc on the nation while Dem mayors look the other way, just as they did last time.

        1. And that’s a shame, as the great success stories of the Civil Rights Movement get drowned out.

      4. Good point. Sounds like everyone better vote D as a precaution against that happening.

    1. “The news- always and forever- is a bad thing. It’s an enervating, confusing, stress-inducing, dubious, unnecessary force that shakes the foundation of our own personal agency as well as causing us to make consistently poor and unwise decisions whilst haemorrhaging a colossal amount of precious time. It makes us sentimental, fearful and angry. Perpetually perturbed.”

      Not everyone shares this experience. Whether or not to passively allow bad news to affect you as the writer describes is a personal lifestyle choice.

  40. Work from Home. An interesting article (at least i think so) – which indicate fundamental changes to day-day economy if executives dont get their way.


    1. Rank employees vs Execs .
    https://medium.com/ovice/why-are-executives-and-employees-on-
    the-opposite-side-of-the-remote-work-debate-b0b97d9e67d9

    75% of executives are ready to show up at the office three to five days a week but only 34% of employees feel the same way.
    Slack calls this phenomenon the “executive-employee disconnect” and claims that “the office looks different from the top”.

    Why is remote work not good enough for team leaders?
    Working from home has a lot of organizational benefits: the ability to fight talent shortage by hiring globally, operating cost reduction (no need to pay for offices, refurbishment, equipment, etc.), more inclusivity within teams.
    …
    While working remotely allows employees to hire people all over the world, the same is true the other way around. With the entire world at their fingertips, job-seekers are becoming more selective about their next projects.

    As a result, hiring costs skyrocketed: last year, companies paid 43% more per applicant compared to 2020.

    Another roadblock of remote work is talent retention. Without the sense of organizational unity, remote employees don’t feel attached to their workplaces and are likely to start looking for new opportunities as soon as their current jobs don’t meet their demands.

    1. “75% of executives are ready to show up at the office three to five days a week but only 34% of employees feel the same way.”

      That’s because the phat cats have their pied-à-terre in the city with their anxious hottie.

  42. Is smart commercial real estate starting to sell?

    For some reason i am getting this advert a lot. It is for Plano Tx – Legacy West where Toyota, Liberty Mutual, Chase and others are located. I am stunned that the developer is not selling to a high faulitin REIT or property management co, instead a online real estate investing platform (whatever that is)

    What the heck is going on?


    https://join.crowdstreet.com/deal/lincoln-legacy?
    A newly-built, Class A office property in the Legacy West neighborhood in North Dallas, the home to Fortune 500 regional offices. Per CoStar, the Property’s immediate submarket is one of the most dynamic office submarkets in Dallas-Fort Worth.

    – 97.2% Occupied in One of Dallas’s Strongest Office Hubs
    – Highly-Cash Flowing Asset with Impressive Debt Terms
    – Off-Market Transaction for Beneficial Pricing
    – Sibling Property Sale Comparable

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