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Sellers Must Brace Themselves For Those Dreaded Words: The Market Has Spoken

A report from News Source 8 in Maine. “It’s no secret that real estate is a hot topic nationwide. ‘The average median price for Aroostook county is 129,950 dollars that is for a single family residential in Aroostook county. So you back up to two years ago, 73,500 dollars, two years later, today the average median is 129 thousand, that’s nearly double on an average sale for a single family dwelling,’ said Stephanie Beaulieu, Owner of Fields Realty.”

The Salt Lake Tribune in Utah. “The median price for an existing single-family home in Salt Lake County was at $350,250 in late April 2019. ‘We’ll be at $700,000 before you know it,’ predicted Dave Anderton, spokesperson for the Salt Lake Board of Realtors, which released its latest quarterly sales data Friday.”

Montana Free Press. “In just two years, the median single-family home price in Missoula increased more than 50%, according to the Missoula Organization of Realtors. In January 2022, the city’s median home price soared to an all-time high of $485,000, compared to the median price of $315,000 in 2019. In Missoula, home values shot up 57% from January 2020 to January 2022, according to Zillow.”

The Payson Roundup in Arizona. “The days of finding an affordable home in Rim Country are over for many for now, at least. ‘Lot development has tripled in the last seven or eight years. It used to be $25,000 and now it’s pushing $75,000 just for developing, meaning putting in roads and that kind of stuff,’ said Realtor Rory Huff.”

Flagstaff Business News. “Arizona’s real estate market remains ‘ridiculously hot,’ says Arizona Association of Realtors President Gary Nelson. Flagstaff, Sedona, Prescott and parts of Scottsdale are experiencing the biggest spike in the cost of homes, says Nelson, a longtime realtor and delegated-associate broker with Realty Executives in Flagstaff. Better Homes and Gardens Real Estate Bloomtree Realty CEO Nick Malouff says Hillcrest, inside Forest Trails on the west side of Prescott, was built and sold two years ago in the high $600,000s. ‘Now, it would probably go in the high $800s – a $200,000 increase in two years.'”

“A home in Prescott’s Tenney Ranch sold for $589,000 in 2016. ‘It just went on the market for $1.2 million,” said Malouff. “This is what’s happened in pricing. And it’s not just new homes. An older home in Timber Ridge, built in the late ‘80s, was bought in 2015 for $289,000. It just sold for $639,000.'”

From KEYE Austin. “The poll asked 1,200 Texans if they agree or disagree with this statement: ‘I spend too much of my income on housing.’ 50% Statewide agreed. A man named Stephen told us, ‘The house I bought is now triple in value and I bought it 11 years ago on the east side.'”

Bisnow Dallas Fort Worth on Texas. “The sale of development sites in the U.S. was up 43.5% last year, with $31.8B in sales in 2021 compared to $22.15B in 2019, according to data. Prices for shovel-ready sites have increased between 50% and 200% in some cases, according to Wealth Management. ‘The cost of materials, development, labor [are up] really across the board … and on top of that, the price of land is through the roof,’ said Andrew Pieper, vice president of Dallas-based Hillwood Communities. ‘It is certainly unsustainable, and I just don’t know when it will break.'”

The Coastal Courier on Florida. “When we lived in Miami, I loved the two-story house we once lived in that was close to Calle Ocho (S.W. 8 Street in Miami, in the heart of Little Havana). We moved into that house when I was 4 years old. My mom said they bought it for $23,000. We lived there for about four years, and Mom says they sold it for $65,000. We moved because that area had taken a turn for the worse But that area has since been revitalized. Out of curiosity, I looked up our old house on Zillow. It has a current estimated value of $645,000–$845,000. WHAT?”

From Yahoo Finance. “Kathy Casey is a realtor in Denver. ‘Oh, my God, Dave. $300,000– man. You’d be hard pressed to find anything for $300,000 these days.’ Q: Kathy, I just want to– sorry to cut you off. I just want to ask you real quickly before we have to go, what has been the impact of rising mortgage rates over 30% now on– over 5% on a 30 year?”

“KATHY CASEY: I’m sorry, I missed the question. – The impact of rising mortgage rates on the Denver market. KATHY CASEY: [? Looking ?] [? at ?] the rates, so, yeah, that’s a very good question. You’re going to need to really circle back with your lender. Make sure that you are still qualified at what you thought you were a couple of months ago. A couple of months ago when interest rates were at 4%, now they’re at 5.5%. You’re probably paying a $500,000 loan a couple of hundred dollars more, so you want to make sure that you circle back with your lender and make sure you still qualify for that amount.”

The Mountain Democrat in California. “Looking back to the 1980s every interest rate hike by the Feds hammered home sales. Real estate sales and corresponding property values are the most interest-rate-sensitive segments of the economy. When mortgage rates increase, fewer families can qualify to buy a home and financing a home purchase becomes more expensive for everyone else. Looking back to the 1980s every interest rate hike by the Feds hammered home sales. Mortgage rates that had been in the 7-8% range for the previous 10 years climbed above 12% and kept ratcheting up until they peaked at 16% in 1982. They remained above 12% through 1985 and above 10% until 1990. The impact of higher rates lowered home sales and values. Builders could not sell their standing inventory or finish homes they had started.”

From Money. “The typical mortgage payment in the U.S. is $664 more expensive compared to a year ago — an increase of nearly 40%. That’s thanks to higher home prices and rising mortgage rates. ‘Rising mortgage rates are taking a bite out of pending sales as both buyers and sellers take a step back from the turbulent market,’ Redfin Chief Economist Daryl Fairweather said. It’s still in the ‘early days’ when it comes to the new world of mortgage rates of 5% or higher. ‘The number of buyers willing to pay such high mortgage payments could evaporate by late summer,’ she said.”

From Housing Wire. “Add Mr. Cooper to the list of mortgage originators and servicers reducing staff: pink slips arrived for 250 employees in the first quarter, as the company faced declines in the earnings from loan originations. And the company is forecasting a few tough origination quarters ahead. During a conference call with analysts, Chris Marshall, vice chairman and president, said that rationalizing capacity is an unavoidable theme for everyone in originations. ‘In the second quarter, you will see us taking charge of staff reductions related to our lower originations.'”

“Given the magnitude of the rate increases over the last 90 days, the company forecasts quarterly origination volume earnings in the range of $65 million to $85 million for the rest of 2022, compared to $157 million in the first quarter. The Q1 2022 figure represented already a 14% decline quarter-over-quarter and a 57% drop year-over-year. Also, the company forecasts funded loan volume of around $8 billion. Mr. Cooper Group originated $11.6 billion from January to March, down 32.5% quarter-over-quarter and 54% year-over-year.”

Home and Property in the UK. “Roger Bootle is one of London’s best-known economists and was a leading voice in warning that house prices were too high before the global 2008 financial crisis. Bootle doesn’t like the word ‘crash’ but warns that a house price downturn could well be on the cards if interest rates rise, and we enter a recession. ‘I’ve always paid a lot of attention to the ratio of average house prices to average earnings,’ Bootle told me. ‘You can’t follow it blindly but when valuations are very high in relation to what people are earning, I get worried – and of course they’re very high now.'”

“What concerns Bootle is that ‘people in general are getting over-stretched in the valuations they’re placing on housing as an asset and the obligations they’re taking on with mortgages.’ As long as interest rates remain low, mortgage repayments are affordable. This, which has been the case in recent years, ‘fools people into thinking everything is fine’. Bootle thinks that we focus too much on mortgage affordability without remembering that interest rates can change, as they are right now.”

The Globe and Mail in Canada. “An increasing number of homeowners selling property in Toronto and surrounding areas this spring must brace themselves for those dreaded words: ‘the market has spoken.’ While some sellers are receiving outsized bids on offer night, others are disappointed when they aren’t rewarded with the premium they were hoping for.”

“In a strange reversal, some sellers’ agents then try to chase down the bidders a week or two later and woo them back to the table. The buyers’ agents may feel they have some leverage: the market has spoken – and the property is not worth what the seller figured it was.”

“Slower sales have led to some other unusual occurrences: bullies have pulled back and prospective buyers are lobbing bids hundreds of thousands below asking. Others have signed an agreement to purchase but they want the option to move the closing date forward if the interest rate they will pay on the mortgage rises in the meantime.”

“Some agents have seen buyers bid a hefty price in a bidding war – then have second thoughts and fail to show up with the deposit.”

The South China Morning Post. “Lived-in home prices in Hong Kong fell for the third straight month in March to a 14-month low as many homeowners sold their units at heavily discounted prices or even at a loss as the city struggled to contain the fifth-wave of the coronavirus pandemic. ‘Homeowners selling at a loss reached a new high in the first quarter,’ said Dereck Chan, head of research at Ricacorp Properties.”

This Post Has 107 Comments
  1. ‘built in the late ‘80s, was bought in 2015 for $289,000. It just sold for $639,000’

    I come across some examples like this and save them just to show how bat sh$t crazy things are so they’re a little old for this blog. But this collection shows it’s in every nook and cranny of the country. Prescott at 600-800k. Do you know how many people up there have the income to afford that? I’d bet it’s less than 5%.

    And you know what? They never will, not in Sedona, not in Flagstaff and sure as hell never in Payson. So half of Arizona is fooked!

    1. Prescott at 600-800k. Do you know how many people up there have the income to afford that? I’d bet it’s less than 5%.

      I bet you’re right. I wouldn’t be surprised if it’s as small as 1%. An $800k house is reserved for the truly wealthy.

  2. ‘what has been the impact of rising mortgage rates over 30% now on– over 5% on a 30 year?’

    ‘KATHY CASEY: I’m sorry, I missed the question.’

    ‘ – The impact of rising mortgage rates on the Denver market.’

    ‘KATHY CASEY: [? Looking ?] [? at ?] the rates, so, yeah, that’s a very good question. You’re going to need to really circle back with your lender. Make sure that you are still qualified at what you thought you were a couple of months ago. A couple of months ago when interest rates were at 4%, now they’re at 5.5%. You’re probably paying a $500,000 loan a couple of hundred dollars’

    Kathy with a K is a lion. It’s up way more than a couple hundred pesos.

    1. “Kathy with a K is a lion. It’s up way more than a couple hundred pesos.”


  3. ‘Some agents have seen buyers bid a hefty price in a bidding war – then have second thoughts and fail to show up with the deposit’

    WA? Toronto winnahs! leave sweet equity on the table?

  4. ‘rationalizing capacity is an unavoidable theme for everyone in originations. ‘In the second quarter, you will see us taking charge of staff reductions’

    Here’s more on that unavoidable theme:

    Amazon CFO: We Have Too Much Space, Too Many People

    2nd largest employer in the US.

    Layoffs at Netflix have some staffers questioning company strategy and culture

    ‘But the bleak subscriber numbers and the company’s response have stirred a mix of angst and uncertainty among many rank-and-file workers. Some are worried that the streaming heavyweight may have hired too fast and grown complacent as subscriber growth skyrocketed in the early days of the pandemic.’

    “We were basically told, ‘Don’t worry about it,’” said one former contractor who declined to be named because they signed a nondisclosure agreement. Instead, they were told that Thursday was their last day and that they would receive two weeks’ severance.’

    “They are leaving a lot of people in an extremely bad position that came here to invest in a project that they sold to us,” the contractor said.’

    1. Something tells me that the “great resignation” will be coming to an abrupt end, though it has a sequel: The Great Layoff.

      1. “The great resignation” doesn’t just involve the entry level workers who didn’t want to work for a pittance and felt emboldened by all of the stimmies, it has included innumerable professions like dentists who decided to go part time or even take time off from work for reasons that are unclear.

  5. ‘It’s still in the ‘early days’ when it comes to the new world of mortgage rates of 5% or higher. ‘The number of buyers willing to pay such high mortgage payments could evaporate by late summer’

    You said a mouth full Deryl. This is where you find out if yer in a bubble. Normally, higher prices result in lower sales, but that hasn’t been the case has it? Usually lower prices result in higher sales but we’ve seen the opposite in NZ, Australia and K-da. And if buyers evaporate, yer FOOKED Deryl!

    1. The New York Post is a globalist, pro-war, propaganda outlet. The current headline on their website (no link provided) is a scripted tear-jerker narrative titled:

      “Worst call of her life — Wife of ex-Marine killed in Ukraine says her life ‘completely fallen apart’ — On Tuesday, Willy Cancel’s wife received “the worst call of her life,” when she was informed that her husband was killed in battle, the slain soldier’s father said.

      Ukrainistan is not a United States ally.

      I do not “stand with Ukrainistan” and I never will, because I am an American.

      BTW, the New York Post is owned by News Corp, which is also the parent company of Fox News and the UK Daily Mail.

      These outlets are the alleged “opposition” to the Pedo Joe regime, but when it comes down to the globalist war, they fall in line with the globalist narrative.

      If you support Ukrainistan so much, it’s time for you to leave the United States, this isn’t your country.

      1. This one was intended to be nested under my own post. But anyway, have some more globalist propaganda (via the Archive website).

        Washington Post — Russians twice targeted Zelensky compound with attacks, Ukraine says (4/29/2022):

        “Ukrainian President Volodymyr Zelensky said in an interview with Time magazine that Russia targeted his compound in the early hours of the invasion of Ukraine, and he and his family awoke to explosions as Russian forces moved closer.”

        Good. Kill him. Kill this globalist.

        “According to Time, military advisers told the president that a Russian squad had been sent to abduct him, with rumors circulating that a pro-Moscow puppet government would be installed once he had been removed.”

        Installed? Zelensky was installed by the CIA.

        “But Zelensky refused offers from U.S. and British forces to get him and his team out of the country. Instead, he stayed in Kyiv and quickly became a symbol for Ukrainian resistance to the invasion in the eyes of the world.”

        A symbol of globalism. A symbol of unelected bureaucrats. A symbol of the World Economic Forum.

        Russia is winning.

      2. Citizen! Disinformation Tzarina Nina Jankowicz, aka “Big Sis,” wishes to have a word with you.

      3. but when it comes down to the globalist war, they fall in line with the globalist narrative.

        This. One could be forgiven for thinking that Ukraine is a US territory, given the propaganda.

      4. Wife of ex-Marine killed in Ukraine says her life “completely fallen apart…”

        Those awful tears of grief will turn to tears of joy once she’s riding a new pony.

  6. Antiwar — House Passes Bill to Revive WWII-Era Lend-Lease Program for Ukraine (4/28/2022):

    “On Thursday, the House overwhelmingly approved a bill that would revive the World War II-era lend-lease program for Ukraine in another effort to pour weapons into the country. The lend-lease program was used to ship arms to the Soviet Union, China, the UK, and other US allies during World War II.

    The bill passed through the Senate earlier this month, and it is now headed to President Biden’s desk. If signed into law, the lend-lease program would ramp up arms shipments to Kyiv by allowing the US to give weapons to Ukraine free of charge while technically requiring payment at a later date.

    According to a summary of the bill, it would temporarily waive “certain requirements related to the President’s authority to lend or lease defense articles if the defense articles are intended for Ukraine’s government and necessary to protect civilians in Ukraine from Russian military invasion.”

    The passage of the bill came the same day President Biden asked Congress for a massive new $33 billion assistance package for Ukraine, which includes $20.4 billion for military aid.

    Zelensky is not a Christian.

    And if you support this, neither are you.

    1. Image file re-post — You Are A Soul-Less NPC Edition:

      Remember, you will never be seen as anything more than cattle to these globalists.

      Lenin had a term to describe you, and that term is “useful idiots.”

    2. The passage of the bill came the same day President Biden asked Congress for a massive new $33 billion assistance package for Ukraine, which includes $20.4 billion for military aid.

      The Neo-con globalists are testing how far they can push this without suffering repercussions. Obviously this military aid needs to be physically delivered. Perhaps missiles or bombers will have to take out some bridges.

  7. Covid vaccines are poison.

    Gateway Pundit — Dept. of Defense Study Shows Pregnant Female Soldiers Are Experiencing “Absolutely Catastrophic Rate of Abnormalities and Fetal Problems” (4/29/2022):

    “anyone who spoke about a link between Covid vaccines and menstrual problems/fertility issues was labeled a “conspiracy theorist.”

    Covid “vaccines” are not vaccines, they are deadly poison.

    The enablers of this unscientific medical tyranny are responsible for genocide.

    This is medical genocide.

    Ben, get the ropes ready…

    1. Covid vaccines are poison.

      Nature dot com — Increased emergency cardiovascular events among under-40 population in Israel during vaccine rollout and third COVID-19 wave (4/28/2022):

      “ABSTRACT — Cardiovascular adverse conditions are caused by coronavirus disease 2019 (COVID-19) infections and reported as side-effects of the COVID-19 vaccines. Enriching current vaccine safety surveillance systems with additional data sources may improve the understanding of COVID-19 vaccine safety. Using a unique dataset from Israel National Emergency Medical Services (EMS) from 2019 to 2021, the study aims to evaluate the association between the volume of cardiac arrest and acute coronary syndrome EMS calls in the 16–39-year-old population with potential factors including COVID-19 infection and vaccination rates. An increase of over 25% was detected in both call types during January–May 2021, compared with the years 2019–2020. Using Negative Binomial regression models, the weekly emergency call counts were significantly associated with the rates of 1st and 2nd vaccine doses administered to this age group but were not with COVID-19 infection rates. While not establishing causal relationships, the findings raise concerns regarding vaccine-induced undetected severe cardiovascular side-effects and underscore the already established causal relationship between vaccines and myocarditis, a frequent cause of unexpected cardiac arrest in young individuals. Surveillance of potential vaccine side-effects and COVID-19 outcomes should incorporate EMS and other health data to identify public health trends (e.g., increased in EMS calls), and promptly investigate potential underlying causes.”

      More people have died from COVID “vaccines” than have died from COVID.

      This is a medical genocide.

    2. This is a urine soaked mattress article.

      Washington Post Editorial Board — Is the pandemic really over? Yes and no (4/29/2022):

      “For a pandemic-weary public, there are cautions to be heeded. No one knows when or whether another variant of the virus will emerge, either more transmissible or more severe. It could still happen. Those who remain unvaccinated or unboosted at this point must not be sanguine — they are vulnerable. Also, to keep up the pace of vaccine and therapeutic development and manufacturing, as well as diagnostic testing, Congress still needs to pass the pending pandemic relief bill, or the nation could be caught short in the autumn. Another piece of unfinished business is emergency use authorization for pediatric coronavirus vaccines. Hot spots of virus continue to emerge, and the public should wear face masks in crowded, enclosed conditions.”

      The Washington Post is owned by Jeff Bezos, the CEO of Amazon, who is a globalist.

      The Washington Post is a globalist sh*trag. It exists only to serve unelected globalist bureaucrats.

      The Washington Post is what President Donald J. Trump was correctly referring to when he stated that “the media is the enemy of the American people.”

      1. They will never wave the white flag, and why should they? People literally lined up for the kill shot. When told so, they will line up again. And those who say no, they will find new ways to coerce you.

        1. I have never seen the level of ignorance displayed by so many people that I had once considered smart and level headed. I can only attribute it to a combination of peer pressure and being scared $hitless by the neo-marxists running this country now. But having said that, I believe, eventually, peoples’ eyes will open and (paraphrasing Charles Mackay), will recover their senses slowly, one by one.

    3. Children who let the Democrat-Bolshevik groomers in our NEA indoctrination mills convince them to undergo “gender affirming” procedures will pay a lifelong price for falling victim to such criminals and psychopaths.

      Leo is in pain most of the time. His back hurts badly when he stands up or walks. It is a hard life for a teenager, and he has no idea if the agony will ever go away.

      Nor does his mother Natalie, grief-stricken about the suffering of her child who was born a girl and, at the tender age of ten, said his dream was to be a boy.

      ‘Leo was little when she wanted to become a he,’ says Natalie. ‘I thought if this was his wish, I should agree with it. Everyone said Leo was brave to come out [as transgender] and I should be proud of him.’

      1. “his mother Natalie”

        His birthing person Natalie, you bigot.

        The “medical” professionals who signed off on this need to be swinging from lampposts.

    4. Covid “vaccines” are not vaccines, they are deadly poison.

      And as if the mRNA jabs aren’t scary enough, they are now getting ready to start distributing the even scarier Novavax jab. I’ll bet it will be sold as being especially effective against Omicron and whatever “new variant” we will be told haunts/hunts us.

  8. Revolver News — Here’s Everything the Media Won’t Tell You About Nina Jankowicz, Biden’s New Minister of Truth (4/29/2022):

    “Just when you thought the Globalist American Empire couldn’t get more Owellian, the Department of Homeland Security is here to make it all worse.

    The timing of the announcement is symbolically fitting, given recent warnings from journalists, NGOs, and prominent Democrat Senators that the prospect of Elon Musk restoring free-speech to twitter constitutes a “danger our democracy.” It is only right then that one of our nation’s largest national security bureaucracies should set up a special “governance board” to address the threat of so-called disinformation that emerges when speech isn’t entirely controlled by the Regime and its proxies.”

    The 2020 election was stolen.

    Pedo Joe (who is a pedophile) does not have the legitimate authority to govern anything.

    Glowie can’t silence this blog.

    We’re taking our country back.

    The Day Of The Rope is coming…

    1. Washington Examiner — Biden administration takes heat over DHS disinformation board (4/30/2022):

      “News that the Biden administration’s Department of Homeland Security had formed a Disinformation Governance Board was met with swift backlash from conservatives and free speech advocates worried about how the board will function and how it comports with the First Amendment.

      Secretary of Homeland Security Alejandro Mayorkas mentioned the board Wednesday during a hearing before the House Appropriations Subcommittee on Homeland Security, saying his department had just recently constituted the board. But the disinformation entity’s name and mission set off red flags over potential free speech violations.”

      The 2020 election was stolen.

      Joe Biden, who sniffs women’s hair and gropes little kids in public, was not legitimately elected to govern anything.

      The Day Of The Rope is coming…

      1. “The 2020 election was stolen.”

        With the theft being recorded on video surveillance cameras no less.

        1. Saturday is Deplorable Day on this blog.

          Running work is challenging, but it’s actually a lot of fun. My crew talks sh*t all day every day and we can not stop laughing. It’s so nice working in a trade where you are un-cancelable…

    2. The regime that gave us lockdowns and “vaccine” mandates is standing up a Ministry of Truth? I did Nazi that coming….

      1. As I have posted previously, take the rhetoric from the Pedo Joe administration and his Real Journalist lapdogs about the “unvaccinated” from the second half of the year 2021, and replaced the word “unvaccinated” with “Jewish people” and it is indistinguishable from the rhetoric out of 1930’s Germany.

        There’s nothing funny about any of this.

        It is literally a medical genocide.

    3. Biden’s New Minister of Truth

      Can things get any more Orwellian? I suppose there could be a “chocolate ration”. I wonder how long until energy is rationed? It can’t be that far off.

      1. I’m seeking funding for my can’t lose start-up idea: rat cages custom-fitted to the faces of the irredeemable deplorables. You know it’s coming, so get in on the investment ground floor & ride the wave as our national descent into Orwellian police state accelerates.

      2. “how long until energy is rationed?”

        It will be. But only for the little people.

        And there will be a big fat asterix in the restrictions that allows the owners of $70,000 electric vehicles to re-charge them with electricity created from burning coal.

        Only the little people will suffer.

        The lifestyles of the pigmen will continue.

  9. Don’t forget to buy a Happy Birthing Person’s Day card for your Birthing Person on May 8th.

    Breitbart — Biden’s Disinformation Chief: ‘There Are Many Non-Binary People Who Give Birth (4/29/2022):

    “The woman President Joe Biden chose to be the government-sanctioned arbiter of truth believes “there are many non-binary people who give birth” — despite the basic fact that pregnancy is biologically unique to women.”

    There are only two genders.

    Anyone who has spent any time at a farm or visited a zoo knows this is a biological fact.

    “They’re not sending their best”

    1. Biden’s Disinformation Chief: ‘There Are Many Non-Binary People Who Give Birth (4/29/2022)

      And I’ll bet every single one of them had two X chromosomes.

  10. This is shaping up as one of those years when multiple categories of risk asset (stocks, longterm Treasurys, housing, cryptocurrencies, etc.) enter a simultaneous meltdown that plays out over days, weeks, months, or even longer.

    Apparently the bears are out of hibernation and have voracious appetites.

    1. Sadly, Irving Fisher’s theory of the cause of the 1929 stock market crash didn’t gain traction until after his death. And the recent international debt binge suggests that it is long forgotten.

      ‘He went on to develop a new theory about what had triggered the crash: overly liberal credit policies that encouraged Americans to take on too much debt, as he himself had done in order to invest more heavily in stocks. By then, however, no one was listening. His theory didn’t gain traction until the 1950s, when, years after his death, Harvard economist Milton Friedman pronounced him “the greatest economist the United States has ever produced.” Fisher’s debt-deflation theory found its way into the spotlight again when overgenerous credit lines and huge debts prompted another U.S. market crash — this time in 2008.’

      1. “…overly liberal credit policies that encouraged Americans to take on too much debt, as he himself had done in order to invest more heavily in stocks.”

        It’s incredible that these people never consider why the phat cats aren’t feasting on this low hanging fruit? The reality is that the easy credit is there so that the phat cats can exit the turnstiles gracefully.

    1. Biden’s ‘disinformation czar’ is gonna have to make that dude Lia Thomas who won the NCAA women’s 500-yard freestyle swimming championship pop out a kid before I don’t say she’s full of sh#t and just another well paid Soros propaganda pusher.

      Biden’s Disinformation Chief: ‘There Are Many Non-Binary People Who Give Birth’


  11. The US Navy, the most “woke” of all the services, is going to pay a terrible price for prioritizing “inclusivity” over capability and readiness if or when it goes up against the non-woke PRC navy.

    Two female sailors reveal they tried to kill themselves because of ‘toxic leadership’ and unbearable conditions on USS George Washington including 24-hour construction noise and no electricity: Five others committed suicide in a year

    1. Two female sailors reveal they tried to kill themselves

      They were no doubt expecting a cushy six figure desk job in an air conditioned office in the metro DC area.

      And speaking of naval incompetence: The Bonhomme Richard caught fire while docked in San Diego and it couldn’t be saved.

      Small wonder we have proxies fight our wars for us. I read that we’ve already handed over 1/3 of our Javelin missiles to Ukraine and that new ones are back ordered for well over a year due to “supply chain issues”. At the current pace we should be fresh out of Javelins this summer. Our cupboard is getting bare.

      1. And speaking of naval incompetence: The Bonhomme Richard caught fire while docked in San Diego and it couldn’t be saved.

        The Bonhomme Richard didn’t “catch fire.” That was arson by a disgruntled sailor. What should’ve been a manageable fire grew into an inferno because the officers and crew were rife with incompetence, since in today’s “woke” navy, diversity and inclusivity are emphasized over core competencies like firefighting and basic seaman tasks.

        1. I’m still astounded that they couldn’t save a docked ship. That lets our enemies know they don’t have to sink our ships, just one good hit that starts a fire and it’s over. Off to Davey Jones Locker.

    1. “It looks closed,” lamented one bride-to-be, hoping to drop six figures on three Herrera dresses for the walk down the aisle and post-ceremony receptions.

      I’ll bet she pulls the D lever every election.

      1. New York City is getting exactly what it voted for. At least there’s no more mean tweets now.

        1. And they simply cannot make the connection. The city could be in flames, in a state of pure anarchy and they will pull the D lever.

          Richies in LA are leaving the Rolexes, Diamonds and Benzes at home and go out driving in a old KIA Soul to not stand out or draw attention to themselves.

          1. “And they simply cannot make the connection.”

            Connecting the dots can cost you your career. Safer to stand down and, “toss another shrimp on the barbie.”

  12. Is now a good time to buy the dip?

    Thinking of Sir Isaac Newton and Professor Irving Fisher, two bright minds over the course of financial history who lost everything by catching themselves falling knives buying into collapsing financial bubbles.

    1. The Financial Times
      Berkshire Hathaway Inc
      Warren Buffett’s Berkshire Hathaway bets big on US stock market
      Conglomerate spends $51.1bn putting cash pile to work as financial markets slide
      Warren Buffett spoke to Berkshire Hathaway‘s first in-person annual meeting since 2019
      © REUTERS
      Eric Platt in Omaha
      19 minutes ago

      Warren Buffett’s Berkshire Hathaway bet big on the US stock market in the first quarter, buying $51.1bn of shares, as he put the sprawling conglomerate’s cash pile to work as financial markets slid from record heights.

      It is a dramatic shift from an investor who had been a seller of stocks for the past two years, warning of high valuations and little in the market that would generate substantive returns.

      But global financial markets have weakened in recent months, as Russia invaded Ukraine and fears of a Chinese economic slowdown have rattled investor confidence.

    1. I guess a real estate debt implosion wasn’t enough of an economic disaster for China, so they decided to go big and add lockdowns to the factors driving them towards financial collapse.

      1. Also, like with the Wuhan flu, they set things up so their contagious financial situation could easily morph into a global financial pandemic.

        1. Xi will launch WWIII before relinquishing his hold on power. What a time to let our military go full “woke.”

    2. Beijing residents are waiting for the never ending lockdown shoe to drop on them and they have stripped store shelves bare.

  13. My closing is scheduled for May 16th, after which I will own ten contiguous acres, with no debt.

    I have an apartment in the city, and ten rural acres.

    You have a $3,000 a month mortgage payment. You have sleepless nights. You have arguments with your spouse about money.

    You are drowning in debt, and there is no escape.

    Ozzy Osbourne — Suicide Solution:

    At least it was cheaper than renting 🙂

    1. “You have a $3,000 a month mortgage payment.”


      “You have sleepless nights.”


      “You have arguments with your spouse about money.”


      “You are drowning in debt, and there is no escape.”


      1. I think it’s obvious he’s talking about loanowners, not renters. Why did you, as a renter, think he was talking about you?

        1. I think he’s saying that those conditions do not apply to all or even a majority of homeowners.

  14. #AOClovesElon trending on Twitter. Some epic trolling…humorless libs must be having dark gulag dreams for all the irreverent, irredeemable deplorables.

  15. Well this is rich. Comrade Pelosi has amassed a huge fortune with her legal insider trading, but now the Democrat-Bolsheviks are going to pose as populists? You can’t make this sh*t up. The Democrats are the party of sleaze, corruption, and graft, and always will be.

    Dems hone populist appeal with proposed stock trading ban

    WASHINGTON (AP) — When Rep. Abigail Spanberger first introduced a bill banning stock trading by members of Congress and their families, the Virginia Democrat managed to get only eight co-sponsors. So far this session, 62 — or about one out of every seven House members — have signed on.

    It’s a similar story in the Senate. Sen. Jeff Merkley, D-Ore., a once lonely voice on the issue, had just one co-sponsor for his proposed stock trading ban in the last two congressional sessions. Now, he has nine.

  16. Housing.

    Housing –> Property Taxes –> Public Education.

    The Federalist — Oklahoma Republicans Fight Back After Rogue School Board Refuses To Enforce Bathroom Use By Sex (4/29/2022):

    “The Oklahoma House passed a parental rights bill on Thursday mandating that public schools allow parents to inspect and object to teachings on sexual orientation and gender identity. It also requires students to use bathrooms that correspond with their sex.

    The amendment specifying bathroom use was a last-minute addition by Republican Rep. John Talley of Stillwater and Republican Rep. Kevin West of Moore in response to the Stillwater School Board’s refusal to back down from letting students use whichever bathrooms they want.”

    The Democrat Party is the Groomer Party.

    “Riley Flack, whose 12-year-old daughter attends school in the Stillwater school district, first learned about the bathroom policy from a friend whose grandaughter goes to the same school as his daughter and was friends with a boy who now says he’s a girl.

    “It’s been stressful just because we know that it’s crazy. And our kid is in the middle of it,” Flack told The Federalist.

    Flack said he’s been skeptical of his school board for years, but the icing on the cake was when his friend was physically removed from a school board meeting about the bathroom issue for sharing a Bible verse.

    “There are some downhill consequences from this that are pretty clear … like abolishing the definition in the meaning of what a girl and a female is, it’s to the point of absurdity,” he said.

    Ed Gallegos, another parent in the Stillwater Public School District, said he believes the school board and administration “seem to have embraced woke agendas at the expense of the common good.”

    “Our daughters have a right to privacy, and we, as parents and a school district, have an obligation to protect their health and safety,” he told The Federalist.

    Gallegos spoke at multiple school board meetings but said his concerns were shrugged off by the administration. That’s when he helped create, a website dedicated to “shed light upon policies and practices taking place in Stillwater public schools so that parents and guardians are fully informed.” The website features fact sheets breaking down the Stillwater district’s responses to parents and even a petition to “Protect Our Daughters.”

    “The school board tried to disavow that they had knowledge that it was taking place in schools in the district. After the issue was brought to light, they tried to not take ownership of the policy by stating that they were tied to the policy by court precedent and state school board mandate. Neither of which have proved true,” Gallegos said.

    This is the Democrat Party.

    This is the electoral platform of the Democrat Party for the 2022 and 2024 elections.

    “They’re not sending their best”

    1. The Oklahoma House passed a parental rights bill

      Looks like Disneyworld won’t be “moving” to Oklahoma any time soon.

      Disney should refuse to sell tickets or rent hotel rooms to people from red states. That’ll show ’em who’s boss.

    2. What a waste of energy money and time, when the easiest solution is a 1 person lock the door behind you all-gender handicapped bathroom. ……..we are so stupid and clueless.

    1. These are just the first cracks in the dam. It’s going to be epic. What many don’t talk about is that many streaming sites have folded and been integrated (after mass layoffs) into other services, which themselves are experiencing tough times as they too are struggling to retain subscribers.

      The problem with these sites was the same one video rental stores once had: they have very little that is worth watching. Netflix tried to address this with “original programming”, but their biggest hit was a weird Korean show they didn’t even produce.

      Most of their other stuff, like the live action remake of Cowboy Bebop, bombed so hard that it left a crater in its wake. The people who run Netflix have no clue whatsoever. Has they just hired the Japanese anime studios to make more Cowboy Bebop episodes it would have been a lot cheaper and probably a success. But no, they instead chose to make a cr@ppy woke live action remake which the original show’s fans hated. Now multiply this countless times.

    1. Defective appraisals, defective mortgages. Tens of millions of them.

      Saturating the country with subprime mortgages for 12 years and appraisal fraud is how resale housing prices quickly exceeded then tripled construction costs.

      I challenge anyone on this blog or from anywhere else to refute it. And if you accept the challenge, fully expect to vette yourself or risk getting mowed down.

    1. From the comments: “A group of 200, that says it all, Apple reportedly employs 137,000 people, this obsession with every single minority group is a absolute cancer that is tearing the English speaking western world apart at the limbs.”

  17. Caitlin Doornbos
    The typically stoic Pentagon spokesman John Kirby gets choked up talking about the images of Russian “depravity” coming out of Ukraine.

    Video: Angelina Jolie Visits Ukraine With No Body Armor To Sign Autographs
    April 30th 2022, 12:55 pm

    Hollywood actress Angelina Jolie paid a visit to Ukraine for a photo-op without wearing combat gear, suggesting the war in Ukraine is not all it’s portrayed to be by the corporate media.

    Jolie, who serves as an envoy for the United Nation’s Refugee Agency (UNHCR), was seen in a cafe in Lviv on Saturday waving at onlookers and signing autographs — notably without wearing body armor despite regular reports of shelling in the area.


    Angelina Jolie is in Ukraine. She is the second Hollywood celebrity after Sean Penn to visit the country since the start of the Russian military operation.

      1. “This is why I don’t watch the evening news.”

        I watch it so I don’t have to stay up and watch the late night talk show hosts do the same material.

    1. “Angelina Jolie is in Ukraine.”

      WTF was Brad thinking hooking up with a bird like Angelina with so many San Fernando swallows to choose from?

  18. Elon Musk tells AOC to ‘stop hitting on me’ after his Twitter purchase

    By Jon Levine
    April 30, 2022

    Elon Musk took Rep. Alexandria Ocasio-Cortez’ attack on billionaires in stride, urging the outspoken Congresswoman to “stop hitting on me.”

    “Stop hitting on me, I’m really shy,” he wrote, adding a smiling emoji. The line appears to be a reference to when AOC said her Republican critics on the platform just wanted to date her.

    Donald Trump Jr.
    Fact check: True

  19. If you live in a blue state or Democrat-Bolshevik malgoverned city, leaving your house or apartment unguarded while you go on vacation is a bad idea.

    Moment Maryland woman returns from vacation to find two squatters in her BED and $50k of possessions stolen

    A terrified Maryland woman filmed the moment she came home from vacation to find $49,100 in property stolen and two squatters laying in her bed – who showed her how they broke in and suggested she get locks for her windows before leaving.

    The Greenbelt, Maryland woman returned to her home on Edmonston Rd April 5 to find her front door damaged and her apartment devoid of possessions and furniture – except her bed, where a black man and a white woman were laying.

    1. She has great neighbors. Nobody noticed strangers cleaning out her home while she was on vacation? Just the other day I noticed empty trash cans in front of my neighbor across the street. The next day they were still there and no signs of their SUV. So I moved their 3 trashcans to the side of their house where they keep them. Yesterday they were back–they must have taken a short vacation or something (two parents and a couple of young kids).

  20. Housing is about to tank hard. I’m seeing listings starting to hit and sit in my area. ATL burbs.

    A month ago we had zero inventory and tons of offers. Now it’s zero for homes prices in line with where they were a month ago.

    Price cuts coming.

    1. When is the Two Minute Hate? I don’t want to be late and lose my chocolate ration.

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