skip to Main Content
thehousingbubble@gmail.com

A Front-Row Seat To The Cracks Starting To Show In The World’s Hottest Markets

A report from the World Property Journal. “Based on a new report from Redfin, a fast-growing share of U.S. home-sellers are dropping their prices. ‘The slowdown over the last two weeks has felt significant,’ said Seattle-area Redfin real estate agent Dee Heyerdahl. ‘Usually April is when the spring homebuying and selling market begins to heat up, but this year things are cooling down a bit instead. Listings that a month ago would have had a dozen interested buyers touring in a single day now see less action than that in a whole week. The market still feels very hot, and as things slow down it just means homes might only sell for a few thousand over asking price instead of hundreds of thousands and multiple offers will mean three or four instead of 30 or 40. ‘”

From Boise Dev in Idaho. “The number of homes for sale continues to grow. As of the last day of March, 1,024 homes were available according to Intermountain Multiple Listing Service. While the inventory is still near multi-year lows, that figure is nearly double the number of homes up for sale on the last day of March last year when just 544 houses were available.”

The Center Square. “Colorado’s housing inventory improved last month. The Denver metro area saw its new listings increase by 47% on a year-over-year basis compared to the statewide average of 45%.”

From Socket Site in California. “The net number of homes on the market in San Francisco (i.e., inventory) has since ticked up another 8 percent. There are now 70 percent more homes on the market than there were at this time of the year prior to the pandemic; over twice as many as there were in early April of 2015; and the most, on a seasonal basis, since 2011. And while listed inventory levels typically peak in October, there are now more homes on the market in San Francisco than there were at any point in time from the end of 2011 through the second quarter of 2020.”

From Urban Turf. “The housing market in the DC region in March had a number of the familiar calling cards that have kept it competitive for years. However, there are two metrics that indicate that the sellers market is finally slowing down. Pending home sales in the region were down 12% year-over-year. Sales were down in almost every local jurisdiction compared to March 2021, with Loudoun County (-25%) and Fairfax County (-20%) leading the way. Second, home showings were also down across the board. Showings fell 22% annually in the region and again, dropped by double digits in most jurisdictions. ‘There are more signs that this year’s spring market will be different,’ the new Bright MLS report said.”

The Orlando Business Journal in Florida. “After just one weekend of open houses for a Central Florida home priced at $1.15 million, Orlando-based Diamond Real Estate Group founder and broker Tiphany Weeks found a buyer.  However, after Weeks’ client went under contract with the buyer for $1.17 million, the buyer walked away from the table. That’s just one example of buyer’s remorse in the local red-hot housing market, Weeks told Orlando Business Journal. ‘With this market being so aggressive, buyers are having to act without fully processing what’s happening. We’re seeing a lot of transactions getting canceled. I believe it’s buyer’s remorse.'”

“Similarly, Coldwell Banker Realty agent Kim Arena, who is based in Orlando, told OBJ would-be buyers at all price points are putting in offers and backing out after the home inspection. ‘They’re using that as the get-out-of-jail-free card.'”

From Bloomberg on Canada. “Realtor Adil Dinani has a front-row seat to the cracks starting to show in one of the world’s hottest markets. A month ago, bidding wars between as many as 20 potential buyers were common for his listings in Vancouver. Now, occasionally only a single offer turns up — some people are even feeling bold enough to haggle. ‘The top is off,’ Dinani said of Canada’s record housing boom. He estimates the frenzy hit its peak sometime in February.”

“There simply may not be enough people who can afford the current prices at a higher cost of financing, said Stephen Brown, an economist with Capital Economics. When interest rates rise, ‘the price to clear the market suddenly needs to drop back to what a median household can afford,’ he said. ‘That’s where we have potential for what I’d describe as almost like an air pocket — where prices have surged so much, there’s potential for them to gap down to find where buyers are able to come in. There’s definitely going to be shock waves.'”

“‘The spring market happened in February this year,’ said Tom Storey, a broker who works in Toronto. ‘You’re not seeing every house that sells on the street, or every condo that sells in a building, sell for more than the last comparable. You’re starting to see some sell under.’ Reza Sabour, a mortgage broker in Vancouver, says buyers have already seen their purchasing power drop about 10 per cent over the past month or so. ‘There’s definitely going to be shock waves if rates continue like this,’ he said.”

From One Roof in New Zealand. “More mortgage pain is on the way, with the Reserve Bank expected to raise the Official Cash Rate tomorrow by as much as 0.5 percentage points.Borrowers coming off two-year fixed rates this year could find themselves paying 2% more in interest, while some first home buyers could find themselves failing mortgage affordability tests, locking them out of the market. ‘Potentially, some people won’t be able to borrow,’ says Kiwibank chief economist Jarrod Kerr.”

“ANZ chief economist Sharon Zollner is predicting a 0.5 point rise. ‘The main reason people say they shouldn’t or wouldn’t [increase the OCR to 1.5%] is that that the economy is clearly slowing and at risk of hard landings. We don’t actually disagree with that, but we think that’s outweighed by the fact that if they don’t rein in inflation promptly, then you’re actually going to require a hard landing [anyway].'”

From Bloomberg. “New Zealand’s central bank delivered its biggest interest-rate increase in 22 years, signaling that policy makers around the world may need to step up efforts to get inflation under control. The Reserve Bank’s Monetary Policy Committee lifted the official cash rate by half a percentage point to 1.5% Wednesday in Wellington, the first time it has delivered an increase of that magnitude since 2000.”

From ABC News. “Australia’s largest bank, CBA, this week lifted fixed rates by up to 0.50 percentage points for owner-occupiers paying principal and interest, and up to 0.90 percentage points for some investors. ‘This is the fourth time CBA has hiked fixed rates this year,’ RateCity research director Sally Tindall said. ‘People who fixed at the start of the pandemic for a couple of years could get the shock of their lives when they realise how far fixed rates have risen already.'”

From Bloomberg. “The biggest investors in China’s junk property bonds reduced their exposure for the first time in months, a turning point after they previously doubled down through distress and default risks. The move underscores how even long-term supporters of China’s beaten-down property bonds may be losing enthusiasm for bargain hunting. While policy maker vows for broader market support helped spark a rally in junk dollar bonds — most of which are from developers — from mid-March, the securities still lost about 18.6% last quarter in the worst tumble in more than a decade. That came amid a wider global bond sell-off, as central banks look to tighten policy to combat surging inflation.”

“BlackRock’s Asian High Yield Bond Fund lost 26% over the last 12 months. The Fidelity China High Yield Fund has lost 28% over the same time period. A UBS China High Yield Fund, managed by Briscoe, is down 46%. For all three, 2021 was the worst calendar year for performance since inception.”

This Post Has 159 Comments
  1. ‘it just means homes might only sell for a few thousand over asking price instead of hundreds of thousands’

    Wa happened to my winnahs! Seattle?

    1. There is no crisis….. in falling housing prices.

      Seattle, WA Housing Prices Crater 19% As Appraisal And Mortgage Fraud Saturate Seattle And Vancouver, BC Area

      https://www.movoto.com/wa/98122/market-trends/

      As a noted economist explained, “The leading cause of personal bankruptcy is the 15 and 30 year mortgage.”

  2. ‘that figure is nearly double the number of homes up for sale on the last day of March last year when just 544 houses were available’

    ‘The Denver metro area saw its new listings increase by 47% on a year-over-year basis compared to the statewide average of 45%’

    That crazy Harry Potter, he’s riding his broomstick, pointing his wand and shacks are appearing by the thousands all over the place.

    1. Likely bunches of small-time LLs who decided to get out of SFH rental/STR business. Especially Boomers who don’t have the energy for deadbeats and repairs. Let Blackrock deal with it, they’ll say.

      1. ** ” Especially Boomers who don’t have the energy for deadbeats and repairs”

        good summary, oxide. and i, as a tail-end boomer/jones generationer will confirm.

        we’re tired: fixit yo’ damn self.
        if you can.

        note: I love tech. works well, until it doesn’t.
        then it’s instant time warp to the past, Janet.
        lets, do, the time, warp, againnnnn.
        by hand.

      2. I was reading some comments on a Youtube video about the economy and some guy was bragging about his “Instagram level” Airbnbs. I would confidently bet he’s all hat and no cattle. A $15,000 HVAC replacement will bankrupt him. This is what the FED and .gov have turned housing into.

    2. Checked my nabe on zillow, to see how many we contributed. We’ve had zero houses for sale for quite a few months. There is one for sale now. During the peak of the previous crash, there were about 15, out of 400-500 shanties.

      We’ll see where this goes.

        1. Not yet. Don’t get me wrong, not saying it won’t happen here, but we seem to be behind the curve. Should know more in a few months.

          I just checked Realtor dot com. Almost 500 shanties for sale in my little burg. That is up substantially, was about 350 a few months ago. It was about 2000 at the peak of the previous bust.

          I’ll keep an eye on the lone sale in the nabe. Per zillow it’s been on the market for about 20 days.

          Zillow shows that the shack across the street sold for $750K in March. This is the house I mentioned was never on the mls, never had a for sale sign and sold directly, without a realtor being involved. I only found out when the moving van pulled up.

  3. ‘The main reason people say they shouldn’t or wouldn’t [increase the OCR to 1.5%] is that that the economy is clearly slowing and at risk of hard landings’

    ‘The Reserve Bank’s Monetary Policy Committee lifted the official cash rate by half a percentage point to 1.5% Wednesday’

    Eat yer crowz Sharon.

    ‘How’d you lose yer shack mate?’

    ‘Well it was a hard landing, they broke it off in my a$$.’

  4. Is it safe to say at this point that the Fed has inflation firmly under control and is ready to end its campaign of higher interest rates and balance sheet shrinkage to rein it in?

    1. The Wall Street Journal
      Central Banks
      Derby’s Take: The Economic Effect of the Fed’s Balance Sheet? Hard to Say Exactly
      With a drawdown in the $9 trillion balance sheet coming, Fed Governor Lael Brainard holds back from any predictions on precisely what a shrinkage will mean for monetary policy
      Lael Brainard, a governor of the U.S. Federal Reserve, at a Senate hearing in January.
      Photo: Al Drago/Bloomberg News
      By Michael S. Derby
      April 13, 2022 5:30 am ET

      Even as the Federal Reserve prepares to shrink its balance sheet, what effect that process will have on the economy remains hazy.

      Speaking with The Wall Street Journal Tuesday, Fed governor Lael Brainard was asked if she could quantify the effect of the looming cuts in the central bank’s $9 trillion balance sheet. While there are estimates that attempt to map reductions in asset holdings to rate rises, she said, they aren’t very precise.

      To Read the Full Story
      Subscribe

      1. As I read about the Fed’s balance sheet weight reduction plans, I am reminded of something I heard in my first college economics course, circa 1982:

        “There’s no such thing as a free lunch.”

        Whether this saying applies to phasing out Quantitative Easing may become clear after the Fed completes its balance sheet shrinkage process.

        1. We’re living the “no free lunch” part right now in the way of rampant inflation. This is when we are forced to pay for all that recklessness.

        2. Treasuries are treasuries – there will mature or there will be buyers.

          It is the portion of MBSes that may be toxic. I am not sure whom (other than public pensions funds who are forced to) who would purchase.

      2. so the feds crystal ball clouds over if bad news ahead? funny how that works.

        $20 please. $30 for a palm reading.

    2. The Financial Times
      US Inflation
      Fed official: It’s ‘fantasy’ to think modest rate rises will tame inflation
      James Bullard says US central bank must put brakes on economic activity to tackle surging prices
      St Louis Federal Reserve president James Bullard speaking at an event in 2018
      James Bullard’s hawkish comments run counter to other officials, who are broadly aligned on the need to push rates closer to a ‘neutral’ level this year
      © Reuters
      Colby Smith in New York yesterday

      A top Federal Reserve official has warned it is a “fantasy” to think the US central bank can bring inflation down sufficiently without raising interest rates to a level where they constrain the economy.

      James Bullard, president of the St Louis branch of the Fed, said the central bank needed to be more aggressive in its efforts to root out the highest inflation in four decades as he called for rates to rise to a point where they actively curtail growth.

      The comments from Bullard, a voting member of the policy-setting Federal Open Market Committee and one of its foremost hawks, run counter to other officials, who are broadly aligned on the need to push rates closer to a “neutral” level this year.

      That is the level at which rates neither fuel nor restrict economic activity and is estimated to be around 2.4 per cent. Bullard said the central bank would need to get beyond that threshold as quickly as possible this year if it wanted to bring inflation closer to the Fed’s longstanding 2 per cent target.

      “There’s a bit of a fantasy, I think, in current policy in central banks,” Bullard said in an interview with the Financial Times. “Neutral is not putting downward pressure on inflation. It’s just ceasing to put upward pressure on inflation.”

      “We have to put downward pressure on the component of inflation that we think is persistent,” he added. “Getting to neutral isn’t going to be enough it doesn’t look like, because while some of the inflation may moderate naturally . . . there will be a component of it which won’t.”

      His comments come on the heels of new inflation data that showed consumer prices increased at an annual rate of 8.5 per cent in March following a surge in energy and fuel costs driven by Russia’s invasion of Ukraine.

      1. “…new inflation data that showed consumer prices increased at an annual rate of 8.5 per cent in March…”

        I believe the 8.5 percent figure was the year-on-year price increase, which is a kind of average rate of price increases over the past twelve months, not the current rate of increase, which was on the order of 15%.

        But I may have this wrong…it’s before 6am and I haven’t had any coffee yet.

        1. Consumer price inflation hit a new 40-year high in March
          By Anneken Tappe, CNN Business
          Updated 11:07 AM ET, Tue April 12, 2022

          New York (CNN Business)
          America’s inflation problem didn’t abate in March. Prices kept creeping up, hitting a fresh 40-year high, data from the Bureau of Labor Statistics showed Tuesday.

          The Consumer Price Index rose 8.5% for the year ended in March, not adjusted for seasonal swings. That outpaced February’s elevated reading of 7.9% and marked a level not seen since December 1981 when the CPI stood at 8.9%. Tuesday’s March data was also slightly higher than the 8.4% economists had predicted.

          Most of the March increase was driven by a jump in gasoline and food prices, which rose as the Ukraine conflict threw global commodities markets for a loop, as well as an upswing in housing costs.

          Last month alone, US gas prices rose by more than 18%. Year-over-year, the price of gas soared by 48%.

          Stripping out the more volatile food and energy categories, prices rose 6.5% over the 12-month period ended in March — the biggest jump since August 1982.

          Energy costs soared 32% over the last year, while food prices rose by 8.8%. It was the biggest increase in food prices since May 1981.

          Even though the more volatile items contributed so much to last month’s price hikes, Tuesday’s numbers also show that inflationary pressures are broad across the economy, said Joe Brusuelas, chief economist at RSM US.

          “Yes, inflation may soon find its peak. However, that does not imply significant relief is on the way in the near term,” he said.

          For the month of March, consumer prices rose 1.2% with seasonal adjustments, the biggest jump since September 2005.

          https://www.cnn.com/2022/04/12/economy/consumer-price-inflation-march/index.html

      2. The fed will exchange a Trillion dollars of US debt China owns for a trillion dollars in houses so china can send their “best”

      1. Looks very cool. But I think they’re talking about folded protein structures and not necessarily infectious virus particles.

    1. the foundational myth

      Ironically, with a little insanity and Eugenics thrown in, the path bears similarities to the development of the global warming theory.

  5. “For the month of March, consumer prices rose 1.2% with seasonal adjustments…”

    That’s what I remembered seeing. It’s a one .month change, and hence noncomparable to the headline 8.5% one year increase figure.

    But a 1.2% monthly rate of increase restated at an annualized rate is
    1.012^12-1 = 15.4%.

    1. PS Inflation is rapidly accelerating. Or, for the financial journalists who studied and passed calculus, the first and second derivatives of aggregate prices with respect to time are both positive, and headed far north of the Fed’s 2% target rate.

    2. But a 1.2% monthly rate of increase restated at an annualized rate is
      1.012^12-1 = 15.4%.

      One thing is certain: voters are going to be livid in November.

      Two questions remain:
      1) Will the Dems be able to convince enough voters it’s Putins fault?
      2) Will the Dems be able to stuff the ballot box again?

      1. “2) Will the Dems be able to stuff the ballot box again?”

        Yes yes and yes. Dems got this cover. Because of this they will lose the house by small margin but keep the senate.

      2. 3) Will the voters wise up to the fact that inflation is mainly a consequence of the Fed’s monetary operations, and was baked into the cake back when Zimbabwe Ben Bernanke introduced Quantitative Easing measures back in 2009? Dems and Repubs have little to do with the actions of the politically independent Fed.

  6. Any time a high-net-worth LA libtard gets culturally enriched, an angel gets its wings. Wait until those ultra-high-end mansions started getting targeted by organized vibrant Purge Night raids. Gosh, hope that’s not bad for property values.

    Beverly Hills bandits: How a DOZEN gangs are targeting city’s rich and famous for their designer handbags and watches – with 221 follow-home robberies in just four months

    https://www.dailymail.co.uk/news/article-10713431/More-dozen-LA-gangs-sending-crews-target-citys-wealthiest-residents.html

      1. I wish I could see the victims’ stunned faces: This is Beverly Hills! This isn’t supposed to happen here!

        They are learning what it’s like to live in a 3rd world sh!thole. They are all going to need to hire bodyguards 24/7.

    1. The excuse being made for Johnson not resigning is “The UK is at war!”

      I guess I didn’t get the memo when Parliament declared war on Russia.

        1. If elites were accountable, we’d have no government left.

          I object to calling any current “elected” officials “elites”.

          How about: “if politicans were held accountable, we’d have no government left”?

          1. How about: “if politicans were held accountable, we’d have no government left”?

            Works for me, though I think we should add the deep state to the list.

  7. Current Mortgage Interest Rates: April 12, 2022—Rates Jump Up
    Mitch Strohm
    Mitch Strohm
    Editor
    Published: Apr 12, 2022, 9:15am
    Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations.

    The rate on a 30-year fixed mortgage rose today. Yet rates are still historically low overall.

    Today, the average rate on a 30-year fixed mortgage is 5.18%, according to Bankrate.com, while the average rate on a 15-year mortgage is 4.31%. On a 30-year jumbo mortgage, the average rate is 5.12%, and the average rate on a 5/1 ARM is 3.47%.

    https://www.forbes.com/advisor/mortgages/mortgage-rates-04-12-22/

    1. “Commissions do not affect our editors’ opinions or evaluations.”

      Good to know that!

      “Yet rates are still historically low overall.”

      They always work in this disclaimer as rates rocket up.

      But in the interest of an objective evaluation, it seems like real estate prices should also be a part of the discussion. Are housing prices also still historically low overall?

        1. My prediction:

          Housing supply and demand will experience a train wreck in the face of spiraling home prices and mortgage rates.

          And watch a rerun of Glengarry Glen Ross if you want to foresee the impact on used home sellers’ livelihoods.

    2. you guys dont get it – just relax and keep on keeping on /s 🙂


      The surge in mortgage rates has put pressure on mortgage lenders. Rocket Companies Inc (NYSE:RKT), the largest mortgage originator in the United States, has seen its stock fall more than 30% year-to-date, but that may not be an accurate reflection of the strength of the business.

      “Yes, we are off record highs from a market perspective, but we’re still looking at $2 trillion to $2.5 trillion of mortgages being done this year,” Rocket Companies CEO Jay Farner said Wednesday on CNBC’s “The Exchange.”

      “We have about 2.6 million clients that we service on a monthly basis, so that’s a great book of business for us, throwing out monthly cash flow,” Farner said.

      There is about $25 trillion of equity locked up in individual’s homes currently, so lenders can help clients utilize their equity as well, he added.

      “Although up a bit, [mortgages] are still really competitive compared to other ways you can borrow money,” Farner said. “If clients are thinking about making improvements or paying off debt or doing other things, a mortgage still makes a ton of sense right now.”

  8. The Keynesian fraudsters at the BoE see no housing bubble.

    Has the property market ever been so disconnected from economic reality? Average house price is £27,000 higher than a year ago, official data shows

    https://www.dailymail.co.uk/money/mortgageshome/article-10714499/House-prices-February-2022-27k-year-ONS-data-shows.html

    The typical price of a property increased £27,000 in the year to February, new figures from the Office for National Statistics show.

    Prices jumped 10.9 per cent, up from a 10.2 per cent rise seen in the year to January.

    As a result, the average price of a home was £277,000 in February, compared to £250,000 the same point a year ago.

    1. I seem to recall that after the previous bubble burst that Canada had
      a brief hiccup, and then it was business as usual.

  9. Russia Today — Bill Gates labels anti-vax protesters ‘crazy’ (4/13/2022):

    “After delivering a talk on how to stop the next health crisis at the TED2022 conference in Vancouver on Tuesday, Gates addressed critics demonstrating at the venue, saying the protest was “somewhat ironic.” 

    “The Gates Foundation is very involved in vaccines, the invention of new vaccines, funding vaccines,” he said, according to Insider, arguing that his organization had “saved tens of millions of lives.”

    “So it’s somewhat ironic to have somebody turn around and say we’re using vaccines to kill people or to make money or we started the Covid-19 pandemic”

    https://www.rt.com/news/553785-bill-gates-protests-crazy/
    Bill Gates is responsible for medical genocide. Bill Gates is a mass murdering psychopath, and he will be convicted, sentenced to death, and executed.

    1. What is now circulating on alternative news, and was confirmed earlier by University of Arizona and others is that Covid 19 is associated with snake venom, and the severe symptoms of Covid 19 follow that of a snake bite.
      So the new theory now circulating is that it was a poison rather than a virus. How would that be delivered would be the question , but old people and co morbidities people would be the most vulnerable .
      And what the hell are these fake vaccine that don’t even work. And what the hell was the Fauci protocols in hospitals that had a high unsuccessful rate, while drugs that worked were supressed.
      You would think this is something that is a smoking gun that could be proven , now that its being alledged.
      Was the delivery in the water system or by other means ? In the mean time maybe drink bottled water until this new theory of Covid is Investigated.

        1. Reverse osmosis filters have a pore size around 0.0001 micron. After water passes through a reverse osmosis filter, it is essentially pure water. In addition to removing all organic molecules and viruses, reverse osmosis also removes most minerals that are present in the water. Reverse osmosis removes monovalent ions, which means that it desalinates the water too.

        1. The new s . . s . . suspect theory is s . . s . . snake venom in the water s . . s . . supply.

          1. What is that? Pretending to stutter?

            I guess it’s always a good time to mock people when you have nothing constructive to add to the conversation.

    2. Bill Gates labels anti-vax protesters ‘crazy’

      Of course I should accept an experimental jab just because one of the most ruthless and unethical businessmen in recent history says so. Not agreeing to it, even when you know people who have been injured by the jab is ‘crazy’.

      I think that Dollar Bill started out distributing old school vaccines in the third world to gain cred, and the distribution of a kill shot was planned that far back.

      1. I guess most folks don’t realize the Bill’s Microsoft was basically stolen from Xerox.

        1. I guess most folks don’t realize the Bill’s Microsoft was basically stolen from Xerox.

          Lots of people stole from Xerox. They invented the Graphical User Interface, the ethernet, laser printers, object oriented programming, etc. at the Palo Alto Research Center.

          Microsoft “stole” from many. MS/PC-DOS was originally QDOS (quick and dirty operating system) and they bought it from the Seattle Computer Co, massaged it and convinced IBM to use it at the first “operating system” for the IBM PC, beating out Digital Research’s CPM-86.

          1. Wasn’t there some IBM licensing deal that mommy or daddy facilitated?

            There is a lot of folklore around what happened. At the time CP/M was the OS for microcomputers. One story that makes the rounds was that when IBM visited Digital Research, the CEO had gone hang gliding, and that those who did receive IBM looked like a bunch of hippies, while Gates made everyone get a haircut and wear a suit when IBM visited Microsoft.

            I wouldn’t be surprised if Gates parents greased the skids for him. CP/M-86 was an option on the IBM PC, but PC-DOS was the standard OS. And when the PC clones appeared MS-DOS was their OS of choice.

  10. The market still feels very hot, and as things slow down it just means homes might only sell for a few thousand over asking price instead of hundreds of thousands and multiple offers will mean three or four instead of 30 or 40.

    Keep lying, realtors. It won’t change facts on the ground.

    1. well, i tell ya what, location definitely matters as a few hot spots keep rising in price: Antelope (N. Sacramento) area home next to relatives house just closed for 50 THOUSAND over asking!

      now this is not some swanky Sac Kings b-ballers mansion or soccer moms trophy house.
      its an average single level, 1985 3bdrm/2bath but it’s in an area with rapidly growing Ukrainians immigrants.
      apparently they will pay and pay handsomely to live among fellow countrymen.

      (I spoke to new owner briefly & welcomed to neighborhood . . . did wonder if the 3 young men helping their aunt clean the house were possibly war refugees but did not want to pry.)

      kinda reminds me of the massive Chinese influx to Vancouver

  11. While conservative truth-tellers can expect to be censored and banned by YouTube, anyone who uses the platform to spew anti-white hatred is A-OK with the globalists and their creepy Orwellian tech companies.

    ‘I’ll never return home alive’: Chilling YouTube warning from NYC subway shooting suspect Frank James posted THREE WEEKS before he shot ten on Brooklyn train – as it’s revealed he was KNOWN to the FBI but slipped through their fingers

    https://www.dailymail.co.uk/news/article-10715053/Chilling-YouTube-warning-NYC-subway-shooting-person-Frank-James-attack.html

      1. What is unbelievable is that people will still pull the D Lever in November.
        To quote Ron White: “You can’t fix stupid.”

      2. They will cling to that lever as death envelops them for their dark trip to Hell.

        That’s not too harsh is it?

        1. Well, Lot’s wife turned around to look longingly at Sodom as they were leaving (she was probably already missing the shops and restaurants) before she turned into a pillar of salt.

    1. it’s revealed he was KNOWN to the FBI but slipped through their fingers

      The FBI was too busy harassing and threatening parents who complain at school board meetings.

    2. I watched a little bit of his Youtube video that was linked to Twitter. I was laughing out loud as the guy was crying after finding out that the black Supreme Court nominee was married to a white guy. He was so triggered it was hysterical. He was in a full emotional collapse. This guy is the embodiment of what CNN is trying to produce.

    1. Yahoo Finance
      A new world order for the stock market is coming, explains BlackRock CIO
      Brian Sozzi
      Tue, April 12, 2022, 9:04 AM·2 min read
      In this article:

      Making money in the stock market will likely look different over the next few years compared to the low interest rate era seen from the end of the Great Financial Crisis, says BlackRock’s CIO of U.S. fundamental equities Tony DeSpirito.

      “It’s a really big deal,” says DeSpirito on Yahoo Finance Live.

      DeSpirito explains that since the end of the financial crisis, the economy has experienced very low growth, very low inflation and very low rates. But those factors largely ended during the pandemic, with that regime being one with high inflation and a love for stay-at-home stocks.

      Now things are changing once more as home prices have shot higher at this point in the pandemic, stock prices are still elevated, the unemployment rate is sub 4% and interest rates are headed upward.

      This emerging backdrop means investors have to search for companies that have pricing power and sell unique products. All in, it will be a more complicated backdrop for investors to navigate, concedes DeSpirito.

      “This is fertile ground for individual stock pickers,” says DeSpirito.

      To be sure, investors are showing angst ahead of this regime shift, DeSpirito predicts.

      A majority of investors, 64%, expect the S&P 500 to break below the 4,000 level this year, according to a new Bank of America survey of fund managers out Tuesday. The S&P 500 currently sits slightly above 4,400.

      https://finance.yahoo.com/news/a-new-world-order-for-the-stock-market-is-coming-explains-black-rocks-cio-160447087.html

      1. I find it interesting that financial muck-a-mucks are predicting a 10 percent further decline in stock prices, but housing prices are predicted to keep rising skyward. I always thought stocks and housing prices were positively correlated, like in 2007-2009, for example. Maybe this time is different?

    2. “Would you be surprised by a 10%+ drop in the S&P500 this year”

      No, but I would be surprised if it stopped at 10%.

  12. Central bank-engineered boom/bust cycles are the most efficacious means to effect the transfer of wealth and property from the tapped-out middle and working classes to the central bankers’ private equity accomplices. Is the next Great Muppet Reaping about to commence as central banks take away the punchbowl?

    New Zealand central bank unveils biggest rate hike in 20 years

    https://www.aljazeera.com/economy/2022/4/13/new-zealand-central-bank-unveils-biggest-rate-hike-in-20-years

    Reserve Bank of New Zealand raises benchmark rate by 50 basis points to 1.50 percent.

    1. “New Zealand central bank unveils biggest rate hike in 20 years”

      Central banks who don’t follow the lead of those getting out ahead of the price spiral may soon find themselves facing the dual problems of high inflation and capital flight.

      1. Indeed.

        But the Europeans enjoy the immense security apparatus that the U.S. has assembled in Europe. It was European globalists that were pushing for NATO expansion to the East, and if it went wrong they knew that the U.S. would have their back. Donald J. Trump understood this, and he was trying to dismantle it.

    1. Clearwater Beach? good lord almighty the traffic just GETTING to Clearwater Beach was horrendous back in the 90’s. I can’t even imagine present day!

      1. “It was a two-day shoot. But the animation was done in America and took nine months.”

        It’s the animation I remember most.

        1. Must be an English thing. There is a Bunty character in the series “Father Brown” (readily available for free on Hoopla)!

    1. What’s interesting to me , is how much I was always suspicious of a toxin or poison regarding Covid and I posted that suspicion. Just the weird way the Pandemic expressed itself . If the new hypothesis has any merit, as crazy as it seems, it would explain a lot.
      Weird how some of these Doctors are having threats against their life.

        1. My in-law is still in the hospital and is scheduled for having a defibrillator surgically inserted. Her life, what’s left of it, has been ruined.

          But hey, the jab is safe and effective.

          1. I’m also sure that if I were to bring up the jab, I would be dismissed as a kook. Plus I’m an “in law”, so I’m an outsider, so I would be told to butt out. That branch of the extended family has a pharmacist, who has made sure to nag everyone incessantly to get jabbed, and who has assured everyone that the jab is safe and effective.

            I have shared this tragedy on my side of the aisle, and some of them are jabbed. I told the jabbed that if they felt off or short of breath to head to the ER ASAP. It’s what my in law did, and per the hospital staff it saved her life, as she almost died in the ER. Had she gone into cardiac arrest at home she probably wouldn’t have made it.

          2. Comedian Gilbert Gottfried Dies from Heart Issue Months After Admitting He’s Double-Vaxxed, Boosted

            by Adan Salazar
            April 13th 2022, 12:24 pm

            “Gilbert Gottfried passed away at 2:35pm ET on April 12, 2022 from Recurrent Ventricular Tachycardia due to Myotonic Dystrophy type II,” Gottfried’s publicist Glenn Schwartz told Infowars.

            In an interview with the “Joe Rogan Experience” last November, Gottfried revealed he’d never been infected with Covid-19 and that he’d been double-vaxxed and boosted.

            “Yeah, I got the two regular shots and I even got the booster,” the 67-year-old comedian told Rogan, adding that he knocked on wood 5,000 times hoping the shots would work.

            Describing the intense media fear campaign in the wake of the pandemic as “scary,” Gottfried joked to Rogan, “As far as me, in fact, I would get three vaccines a week if they said that was…”

            Since the CDC has admitted the mRNA jabs can trigger heart issues such as myocarditis, pericarditis and myocardial infarction, Covid vaccine skeptics on social media questioned whether Gottfried’s prior comorbidity may have been exacerbated by the experimental jab.

          3. if I were to bring up the jab

            Yeah, that would be a bad idea. Just curious if anyone’s putting the 2 and 2 together.

          4. I have to go to the doctor (PCP) in a hour. I’m trying to get into a better mood because it’s the same routine every time – you have to get them up to speed because they don’t even bother to look at the latest reports in your chart. The laugh is I like him the best out of all of them. $175 for 15 minutes, whether you use it all or not 🙄

          5. Just curious if anyone’s putting the 2 and 2 together.

            Not that any one them has indicated. When they asked me why I wasn’t jabbed and I told them, they rolled their eyes and told me that the jab is safe and effective, because the family pharmacist said so. Saying that maybe the FDA and CDC were not telling us the truth was heresy.

            Bottom line: they are true believers in the jab god and his prophet Fauci.

          6. Covid vaccine skeptics on social media questioned whether Gottfried’s prior comorbidity may have been exacerbated by the experimental jab

            On an individual case it is hard to prove.

            But there sure seems to be a lot of lean people who are relatively young keeling over from sudden heart failure. It is especially curious as everybody believes they’re go to live past 90, yet no one seems perturbed by the surge in “died suddenly” events.

        2. “The spike protein is toxic. ”

          Yes I know. Mike Adams was mentioning a positive that snake poison has a antidote. If you know what your dealing with you can treat accordingly.

          The Grand Jury peoples Court made a good case for the fact that Covid 19 was faked, using the inaccurate test.
          The only thing that kept bothering me is that people were getting severe symptoms, so what the hell was that. Taste and smell affected,, lack of breath, shut down of organs etc.
          So, apparently some of the front line Doctors were suspecting poison early on .

          1. the fact that Covid 19 was faked, using the inaccurate test.

            The best big lie has a thread of truth in it. For sure it was not the extinction event we were led to believe and for sure “the test” grossly exaggerated the danger. It still does.

          2. For sure it was not the extinction event we were led to believe

            Sadly, many people still believe that it is.

    2. This is interesting but still a tenuous link, unlike the HIV and furin cleavage inserts. The % homology at the sequence level is rather low and confined to a short span. I’d guess the structural homology is even less convincing but you’d need to superimpose the structure of the neurotoxin onto the S1 protein to see if there is any significant 3D similarity and the potential for similar receptor binding and activity.

      1. unlike the HIV and furin cleavage inserts

        Arkmedic/Jikky did a lot to push that mainstream. Give it some time. There’s a group of genomic detectives racking their brains.

      2. I passed your comment on. The response: “Yeah they did that in the published paper that was referenced in the thread.”

  13. “multiple offers will mean three or four instead of 30 or 40.”

    So are there fewer retards overpaying for houses or more houses for retards to choose from?

    1. So are there fewer retards overpaying for houses or more houses for retards to choose from?

      Probably both.

    1. This is f*ing beautiful, and thank you for sharing this.

      I’d like to see a few hundred thousand of them dumped in Nancy Pelosi’s driveway, within the next few weeks.

      “They’re not sending their best”

      1. This is f*ing beautiful

        It is. He should also be sending them to Nancy Pelosi’s house. Drop them off right in front by the hundreds.

    2. UK is going to handle it differently


      Channel migrants will be flown more than 5,000 miles to Rwanda to have their asylum claims processed in an “offshore” facility, the Home Secretary will announce.

      Priti Patel will set out the details of a landmark immigration deal that will mean thousands of asylum seekers are relocated to the landlocked east African nation.

      It comes as Boris Johnson prepares to warn that “vile” people-smugglers are “turning the Channel into a watery graveyard”, with migrants “drowning in unseaworthy boats and suffocating in refrigerated lorries”.

      In a major speech on Thursday, the Prime Minister will unveil a series of measures aimed at tackling illegal immigration, including putting the military in charge of operations in the Channel.

      He will also signal moves to end housing asylum seekers in expensive hotel accommodation and unveil plans for the first purpose-built reception centre in England to hold illegal arrivals.

      https://www.telegraph.co.uk/politics/2022/04/13/channel-migrants-sent-rwanda/

      1. Channel migrants will be flown more than 5,000 miles to Rwanda to have their asylum claims processed in an “offshore” facility, the Home Secretary will announce.

        And if their requests are denied, I’m sure they’ll be left in Rwanda.

  14. “Decolonising Math”: Durham University Asks Professors to Consider the Race of Mathematicians Before Relying on their Work (4/11/2022):

    “The question of whether we have allowed Western mathematicians to dominate in our discipline is no less relevant than whether we have allowed western authors to dominate the field of literature. It may even be more important, if only because mathematics is rather more central to the advancement of science than is literature.”

    https://jonathanturley.org/2022/04/11/decolonising-math-durham-university-asks-professors-to-consider-the-race-of-mathematicians-before-relying-on-their-work/

    So confused, are we being told to exterminate Whitey, the Arabs, the Chinese, or the North Africans who built the pyramids? Like, all those people with all the math?

    If these virtue signallers hate math so much, consider moving to Cuba, or Haiti. Failed economies may be a better home for all these anti-math NPCs…

    1. Refresh for the newbs and lurkers, what is an NPC?

      https://ibb.co/0sF1d3C

      The dead eyes, grey skin, and face without a soul (see also: Reddit) are the most obvious symptoms.

      As is a Ukraine flag with even less creases than a Confederate or Nazi flag at the 2017 Charlottesville Fed-sponsored LARP (all these flags were bought less than a week before the LARP event).

      You’re not fooling anybody. Taxpayer dollars pay for khakis and shields and charter vans for false flag LARPs, and they willingly and knowingly let one of Obama’s “sons” escape and blow up the subway in Brooklyn.

      “They’re not sending their best”

      1. NPC – also, no inner monologue. How is that even possible?

        Easily identified by their saying “I don’t watch the news.” Even so, they obviously do hear enough to parrot the current acceptable views.

    2. Decolonising Math”: Durham University Asks Professors to Consider the Race of Mathematicians Before Relying on their Work

      The movie Idiocracy is now a documentary.

    3. It may even be more important, if only because mathematics is rather more central to the advancement of science than is literature

      Meanwhile, woke NASA can’t get its SLS booster to fly. It was supposed to finally have its maiden launch this month, but it now appears that it will be headed back to the Vehicle Assembly Building (VAB). Many are now doubting it will ever fly.

  15. “there are now more homes on the market in San Francisco than there were at any point in time from the end of 2011 through the second quarter of 2020.”

    I guess this is what we can call…

    a rush to the exits.
    music stopped, no chairs left.
    last one out turn off the lights.

    1. Do you think that these are investors/speculators … or just homeoners running for the exit?

      Are there a lot of new build condos still in the pipeline?

  16. “Diamond Real Estate Group founder and broker Tiphany Weeks”

    Sign of market top?

    Strippers becoming real estate agents!

    Pretty sure I saw Tiphany in a seedy joint in Panama City Beach.

    1. There is actually a cute little house that I’ve looked at online in the area where I live. It’s the same crap. I searched the county records and found out the original owner sold it to OpenDoor for over 300k. It seems to have been one of those iBuy type deals. There’s no way in heck I’d pay what they’re asking for it, but especially not when it’s a company like OpenDoor.

    2. “I’d really like to know just who the hell is doing this kind of stuff.”

      Realtors, REIT’s, regional brokers, AirBNB “owners”.

      When you see this stuff, it’s generally the same person(s), group or entity attempting to sell another shack nearby.

      Yes. It’s a form of fraud.

  17. The Conservative Party in Canada is having a leadership race. It is particular interesting that one of his tracks is housing. Even more interesting is that this was part of a major column in a national newspaper. Maybe folks will wake up.


    Conservative frontrunner Pierre Poilievre isn’t known for wowing young urbanites with his diatribes against the carbon tax or vaccine mandates. But he caused plenty of non-Conservative ears to perk up with a recent video shot in Vancouver where he decried the “gatekeepers” driving Canadian real estate prices into the stratosphere.

    Poilievre stood in front of a dilapidated home currently listed for $4.8 million that sold for just $265,000 in 2006. Even if the house was demolished and replaced with a sixplex, Poilievre notes that each unit would still be $1 million and thus unattainable for all but the upper echelons of Canadian income earners. For this, Poilievre blames Canadian municipalities restricting densification and increasing the costs of development. “These government gatekeepers protect the wealthy,” he said.

    A CBC story sought to fact-check Poilievre’s claims on housing, and found three experts who said the Conservative hopeful mostly got it right. The Toronto Star tracked down the home and found that it’s price particulars checked out.

    What’s most surprising about Poilievre’s “gatekeepers” video is that he’s really the first major federal politician to do something like this. Canada has had one of the world’s most yawning gaps between incomes and real estate prices since at least 2007. The average price of a Canadian home has more than doubled since Prime Minister Justin Trudeau was first elected in 2015. And yet multiple federal elections have passed with little more than tokenistic gestures towards “affordable housing.” The housing provisions of Budget 2022, most notably, included a tax-free savings account that limits annual contributions to $8,000 and a one-time $500 cheque to Canadians facing “housing affordability challenges.” It also comes chock full of financial support for “first-time homebuyers” that will primarily result in more money being poured into the market, thus making the problem worse.

  18. Today is Thursday, April 14th and Joe Biden is not the legitimately elected president of the United States.

    The 2020 election was stolen.

Comments are closed.

Back To Top