skip to Main Content
thehousingbubble@gmail.com

The Once Ubiquitous Sold Over Asking Is Giving Way To Bought Under Asking

A report from Yahoo Finance. “The buying frenzy of vacation homes witnessed during the pandemic is largely over, as intensifying home prices rapidly cool demand. Demand for vacation homes tumbled for the second month in a row in March. ‘The pandemic-driven surge in sales of vacation homes is coming to an end as mortgage rates rise at their fastest pace in history, causing second-home buyers to back off,’ Redfin Deputy Chief Economist Taylor Marr said in a statement. ‘When rates and prices shoot up so much that a vacation home starts to look more like a burden than a good investment and a fun place to bring your family on the weekends, a lot of prospective buyers have second thoughts.'”

The Orlando Business Journal in Florida. “A few months ago — thanks to the frenzied housing market activity resulting in homes quickly disappearing off the market — Orlando house hunters were willing to give their first-born child with their offer, Realtor Deanna Armel said.Today, that has slowed a bit, the owner and broker of Kissimmee-based Armel Real Estate Inc. told Orlando Business Journal. ‘It’s been a slow transition from craziness. Instead of 25 offers, I’m getting five.'”

From WCAX. “The housing market in Vermont is so tight, that some buyers aren’t even paying inspectors to walk through before putting in an offer. Michael Hickey, the president of the Vermont Association of Realtors says the housing market does seem to be cooling. Previously they would see 12 offers on a home, now it’s more like six. Previously a house would last on the market for a weekend, but now it’s lasting a week.”

From KDKA in Pennsylvania. “A local realtor said there is a glimmer of hope for people looking to buy in Pittsburgh. ‘Inventory is ticking up. Last month, we were around 2,800 homes and right now at 3,500 homes,’ said Bob Friend with Howard Hanna.”

From This Is Reno in Nevada. “We have all heard about it, and now we get a front-row seat to a real life, unscripted Master Class on residential real estate supply and demand. I am a student, just as you are. The market is changing. Supply is super low; demand is high, and the market is on fire, or it used to be! 30 days ago, listings at all but the highest price levels received several offers over asking price in a weekend, and buyers made concessions like skipping most inspections and paying the sellers closing costs to be competitive.”

“Assuming a buyer with good credit wanted to finance a median-priced home in Reno/Sparks with 10% down, the monthly payment increased by $700. That number has a real impact on household budgets and loan underwriting. Today, 13.4% of active MLS listings in Reno-Sparks have a price reduction. Demand is dropping.”

From WFAA-TV in Texas. “Lisa Moya King of Sotheby’s said she’s starting to see a few indications of market ‘softening.’ In ZIP code 75228 in East Dallas, King said she’s seen some price decreases and homes sitting on the market for not just days, but a week or two. And in ZIP code 75233 in southwest Dallas County, King saw a $50,000 price reduction on a five-bedroom, three-bath house.”

The Washington Post. “‘In places like Phoenix, where home prices have shot up by more than 30 percent in a single year, a price decline of 5 percent or 10 percent, if it were to occur, would not create financial stress. Just as a stock price zooming up 30 percent and then giving up some [of the gain] does not cause any financial stress,’ Lawrence Yun, chief economist at the National Association of Realtors said. ‘Only sustained large price declines would be trouble, as happened during 2008 to 2012 with the mortgage implosion and foreclosure crisis.'”

The Akron Beacon Journal in Ohio. “A winning basketball coach with a national house-flipping business is now without a coaching contract as private investors, including a fellow coach at Copley High School, are accusing him of not repaying millions of dollars in loans. ‘My understanding is that people would invest or loan him money — different words can be used. But he was going to use those (funds) to purchase and flip houses,’ said attorney Kyle Shelton, who is representing Senk in the half-million-dollar lawsuit. Shelton said he’s been approached by other investors who also are considering filing lawsuits against Dente for outstanding loans.’For some reason that’s not known to me, he stopped paying on them.'”

From WMAR in Maryland. “A Pikesville man is facing up to 30 years in federal prison for fraudulently getting federal loans on two homes in southeast Baltimore that ended up falling into foreclosure. Philip Abramowitz and others pleaded guilty to conspiring to defraud the Federal Housing Administration by getting an FHA-insured loan in 2016 and 2017 for two houses in the 100 block of North Potomac Street, near Orleans Street. He misrepresented himself to get FHA-insured loans for two of his relatives, who claimed they would be living at the Potomac Street homes.”

“Both properties ultimately fell into foreclosure, after the family members failed to pay down the mortgage. One of the homes, 163 N. Potomac, was rented out for a year before eventually getting foreclosed on. The second home was never used as a primary residence and mortgage payments were never made on it.”

From CTV News in Canada. “Following the collapse of Epic Alliance, one investor learned they were the landlord of a property that no longer existed.Sharon Moormann, a property manager with Western Premium Property Management Inc. had to break the news to many out-of-province landlords that homes they assumed were in good condition — and turning over a profit — were actually in disrepair, vacant, or in one case, didn’t exist any longer. ‘There was a house that had burnt,’ Moormann told CTV News.”

“When investors learned the company was shutting down during a 16-minute zoom call in January, more than 500 properties in Saskatoon went from ‘hassle-free’ investments to headaches. Moormann said the company wasn’t prepared for the influx of homes that were vacant — which according to affidavits filed at Court of Queen’s Bench from former Epic Alliance employees, made up roughly 60 per cent of Epic’s inventory. ‘Many of (the houses) are sold. Many (investors) have turned it back into a rental. ‘The market did get a little flooded,’ she said.”

The Globe and Mail in Canada. “As the real estate market cools the once ubiquitous claim of ‘sold over asking’ is giving way to ‘bought under asking.’ Take for example the social media post shared by Russ Willer, with the Willer Real Estate Group, on April 28, for 179 Lawrence Ave. W., in Toronto: ‘Our buyers were able to secure their first home for 250k under the asking price – what a heck of a deal!!’ The house in question – a charming three-bedroom, two-storey brick home a short walk to the elite private all-girls’ school Havergal College. – was listed for $1.595-million it sold for $1.35-million.”

“Without an offer day, he was able to make the case to the seller’s agent: ‘I don’t want to be insulting, these are the costs; this is what I think it’s worth. And this is about $50,000 more than the appropriate price.’ They said no. And then I get a call back [from the Lawrence Park house sellers] about two weeks later: ‘Are you guys still willing to do this?’ Mr. Willer was only too happy to close the deal, but notes that it’s perhaps the first time in five years he’s received such a call, dating back to the last major price correction in Greater Toronto Area real estate in 2017.”

“‘The people that are speculating and looking for short-term gain … those are the people that are really going to have trouble; those people pushing themselves and taking on two or three loans,’ he said. But the reality that the peak is long gone hasn’t set in for everyone. He recalls one recent meeting with a potential client who bought a condo in 2017 for $2-million and demanded he list it for $3.5-million, when comparable sales in the building weren’t even $3-million. ‘She said ‘I need to make at least a million dollars, otherwise I’m not selling.’ Okay, bye! I’m fortunate to be in the position where I don’t need to waste my marketing dollars. When you’re ready to be a serious seller, I’m here for you.'”

The Daily Mail. “Upmarket suburbs close to Australia’s big cities are suffering the biggest decline in house prices with more interest rate rises expected. In the other markets, where overall prices are still rising, some upmarket suburbs with seven-figure price tags are now suffering a decline, with inner-city houses in Hobart, Perth and Brisbane falling in value. CoreLogic head of research Eliza Owen said wealthier suburbs that benefited from the boom were more likely to suffer a bigger downturn.”

“‘These are also areas that have experienced some of the most extraordinary gains through the cycle, and have been a bellwether for other parts of the market historically,’ she said. At Beaconsfield, just 5km south of Sydney’s city centre, median house prices have plunged by 8.5 per cent in three months, or $168,263, to $1.808million. Nearby Darlinghurst saw its mid-point house price plummet by 8.3 per cent, or $206,944, to $2.282million.”

From News Talk New Zealand. “Tauranga’s Oceanside Homes is in liquidation with a $518,000 shortfall, leaving two homes unfinished and a long list of creditors. The first liquidator’s report was out yesterday. Many builders had increasing stock credit with their merchants which put those outlets under pressure. ‘With the triple CFFCA rules, buyers can’t get access to credit and can’t commit to buying apartments or buildings off the plan. They can’t get a long-term commitment for financing. So it makes it even the buying market now so much more difficult. House prices are coming off because people can’t get access to credit,’ said Andrew Bayly, National’s building and construction spokesman.”

“Bayly said developers two years ago could have got a project away with 50 per cent of people buying off the plans. But now banks were saying they’re not going to lend to developers on that basis. ‘So where do they go for money? High-priced property lenders but most of them can’t get money so an increasing number of developments are coming on to the market.'”

From Bloomberg. “Hundreds of people took to the streets of the largest city in China’s Henan province this week, calling on authorities to ensure the return of tens of billions of yuan invested in what could be one of the nation’s largest financial scams. Protesters gathered outside the local office of the China Banking and Insurance Regulatory Commission on Monday in Zhengzhou city, carrying signs that read “Return my savings,” according to half a dozen people familiar with the matter, who asked not to be named discussing a sensitive subject. The crowd was dispersed by police and told to return home as soon as possible, the people said.”

“‘Waiting is very painful since we haven’t received any response on how regulators will deal with our savings,’ said Chris, who bought about 400,000 yuan ($59,693) worth of deposit products from one of the banks. ‘What’s worse, we are quite concerned that our savings would be regarded as illegal investment products.’ Chris asked to only be identified by her first name as she fears reprisal for speaking publicly.”

This Post Has 152 Comments
  1. America First.

    The Hill — Zelensky says Ukraine will fight until it regains all its territories after Kissinger remark (5/25/2022):

    Note that this article does not once, not even once, mention who this unelected globalist thinks is going to pay for this.

    https://thehill.com/policy/international/3501584-zelensky-says-ukraine-will-fight-until-it-regains-all-its-territories-after-kissinger-remark/

    I do not “stand with Ukraine” and I never will because I am a United States citizen.

    If you have divided loyalties, maybe you are not an American, and maybe you need to leave the United States.

      1. “It is the most complete version of the intercepted and leaked conversation between then Assistant Secretary of State Victoria Nuland and Geoffrey Pyatt, the then US ambassador to Ukraine, in which the two discuss who will make up the new government weeks before democratically-elected Ukrainian President Viktor Yanukovych was overthrown in a violent coup on Feb. 21, 2014.”

        https://rumble.com/vwjn3v-2014-ukraine-coup-victoria-nuland-geoffrey-pyatt-leaked-phone.html

    1. I take it you’ve never served in the military…or understand how freedom works? I guess we should not have intervened In world war 2 against Germany either?

      1. Inside Donetsk airport after 8 years of War
        ‘May 26, 2022 Today is the 8 year anniversary of the war starting at the Donetsk Airport.
        Come with me Inside Donetsk airport after 8 years of War. Over the 8 years of the Ukraine War I made more video reports in anti-Ukraine Government controlled territory than any other western journalist.
        Patrick Lancaster’

        https://www.youtube.com/watch?v=Sa6DBkvNNLk&t=198s

        25 minutes.

      2. I guess we should not have intervened In world war 2 against Germany either?

        So we should send our kids die fighting in a war to overthrow Vlad so the WEF can fly the rainbow flag over the Kremlin?

      3. It is worthwhile to look at a pre-WW-I map of Europe, the Middle-East, Ottoman and Russian empires.

        1. The various WW-I battles from Verdun to the Caucasus killed-off hundreds of thousands of men (per battle!), and people were beyond lucky to live past their sixties back then; how about the replacement rate? Single women households and orphanages were widespread by the war’s end. Many NATO member countries gained their independence from their former empires back in those days, and we’re still not done fighting this fight even after WW-II.

      4. understand how freedom works?

        I don’t know exactly what your point is Lane, but Ukraine has been genociding native Russians within their boundary for eight years before Russia intervened. If we gave a crap about Freedom we would not have supported Zelensky and his left over from WWII SS buddies in such a slaughter.

        As much as I love the USA, It is a shame to see people having to suffer under our aggression while we squeal that we have the high moral ground.

  2. ‘When rates and prices shoot up so much that a vacation home starts to look more like a burden than a good investment’

    When explaining how speculation can seem unnoticed but is actually significant, second shacks are a perfect example. Sure when it’s to the moon Alice! every shack looks like an “investment”. Have a good weekend raking leaves, see ya next weekend while you do it again!

  3. Surely this is an isolated, one-off occurrence that in no way signifies trouble under the surface of Australia’s insane housing bubble.

    Sunshine Coast building company Pivotal Homes goes into liquidation

    https://www.news.com.au/finance/business/other-industries/sunshine-coast-building-company-pivotal-homes-goes-into-liquidation/news-story/d1b19dd0defcc1ecdeaae8464e6ef815

    One of Queensland’s biggest home builders is in liquidation, leaving the future uncertain for more than 200 new home builds and 16 staff.

    1. “Managing director Michael Irwin said rising labour and construction costs had strangled the business.”

      Looking at it from a different perspective, their buyers couldn’t qualify for any more credit as expenses increased.

  4. ‘a potential client who bought a condo in 2017 for $2-million and demanded he list it for $3.5-million, when comparable sales in the building weren’t even $3-million. ‘She said ‘I need to make at least a million dollars, otherwise I’m not selling.’ Okay, bye!’

    Well that was a short meeting!

      1. Not as bad as the cackling diversity hire moron that’s waiting in the wings for when Brandon’s globalist handlers trundle him off to the eldercare facility.

    1. ‘She said ‘I need to make at least a million dollars, otherwise I’m not selling.’ Okay, bye!’

      A real life Beth Dutton?

  5. This is a medical disinformation article.

    Huffington Post — Long COVID Can Hit Vaccinated People, Older Adults At Increased Risk, Study Finds (5/26/2022):

    “Research in U.S. veterans provides fresh evidence that long COVID-19 can happen even after breakthrough infections following vaccination.”

    https://www.huffpost.com/entry/long-covid-vaccination-study-veterans_n_628f1389e4b0415d4d811c0a

    There is no such thing is long covid.

    The vaccines are destroying your immune system, the vaccines are slowly killing you. After your third, fourth, fifth, sixth covid vaccine injection, your body will develop full blown A.I.D.S. and then you will die.

  6. Oh dear…looks like the leading indicators of bursting housing bubbles are starting to multiply in the globalist looting colonies of Australia & New Zealand.

    Australian investment company REMI Capital collapses owing $70m

    https://www.news.com.au/finance/business/other-industries/australian-investment-company-remi-capital-collapses-owing-70m/news-story/70869cee3e563afbcdbc4fc7ee4e63eb

    Hundreds of people have been impacted alongside property projects as administrators urgently investigate where the money has gone.

    An Australian company with offices in Melbourne and Brisbane has collapsed impacting hundreds of people and property projects as it was revealed it owed an estimated $70 million.

    The collapse has seen 450 investors impacted as the investment company, which is called REMI Capital, was placed into voluntary administration on Wednesday.

    Mark Prestige, who had been managing partner at REMI Capital for close to four years, acknowledged there had been a “lack of communication” from the company in recent weeks.

    1. I don’t think REMI is a “george bailey” type of company, where the employees walk to work & the ceo sends the kids to school w/no coat while living in a leaky dilapidated shack.

  7. ’30 days ago, listings at all but the highest price levels received several offers over asking price in a weekend, and buyers made concessions like skipping most inspections and paying the sellers closing costs to be competitive’

    Winnahs!

    ‘The market is changing. Supply is super low; demand is high, and the market is on fire, or it used to be!’

    Oh fudge…

  8. ‘The second home was never used as a primary residence and mortgage payments were never made on it’

    Rock solid lending.

  9. Without an offer day, he was able to make the case to the seller’s agent: ‘I don’t want to be insulting, these are the costs; this is what I think it’s worth. And this is about $50,000 more than the appropriate price.’ They said no. And then I get a call back [from the Lawrence Park house sellers] about two weeks later: ‘Are you guys still willing to do this?’ Mr. Willer was only too happy to close the deal, but notes that it’s perhaps the first time in five years he’s received such a call, dating back to the last major price correction in Greater Toronto Area real estate in 2017.”

    The answer 2 weeks later is no you moron. Now the offer is 100k off.

    1. i wouldn’t dither over a supposedly “insulting” offer, as sellers sure as hell never gave a second thought to price-gouging during the escalating frenzy.

      i’d make a seller throw-in their nubile daughter (no green-hat sky screamers),
      a case of beer & a deep fried turkey.

  10. ‘In places like Phoenix, where home prices have shot up by more than 30 percent in a single year, a price decline of 5 percent or 10 percent, if it were to occur, would not create financial stress’

    We’re gonna find out pretty soon Larry.

    1. joe redner was seen handing out job applications to his strippers for the walmart across the street.

      word has it the employee break room aka the “champagne room” has a new stripper pole to keep the girls in shape.

    2. The Stripper Factor, always a leading indicator.

      Next look for the crash in the Breast Enhancement monthly chart.

    1. “The median price of a new home in the US is now 6.7x higher than the median household income.”

      I wonder if that median income statistic properly reflects a growing subpopulation of homeless people, many of whom have no jobs or income?

  11. ‘Bayly said developers two years ago could have got a project away with 50 per cent of people buying off the plans. But now banks were saying they’re not going to lend to developers on that basis’

    These sorts of finance collapses are happen in the US too. Second shacks for example.

    ‘So where do they go for money?’

    Go to the wealth effect Andy, you silly rabbit.

  12. ‘When rates and prices shoot up so much that a vacation home starts to look more like a burden than a good investment and a fun place to bring your family on the weekends, a lot of prospective buyers have second thoughts.’”

    Die, speculator scum.

  13. Today, that has slowed a bit, the owner and broker of Kissimmee-based Armel Real Estate Inc. told Orlando Business Journal. ‘It’s been a slow transition from craziness. Instead of 25 offers, I’m getting five.’”

    Sure you are, Deanna.

  14. ‘Inventory is ticking up. Last month, we were around 2,800 homes and right now at 3,500 homes,’ said Bob Friend with Howard Hanna.”

    That’s more than an uptick, Bob.

  15. ‘Return my savings,’ according to half a dozen people familiar with the matter, who asked not to be named discussing a sensitive subject. The crowd was dispersed by police and told to return home as soon as possible, the people said’

    ‘What’s worse, we are quite concerned that our savings would be regarded as illegal investment products.’ Chris asked to only be identified by her first name as she fears reprisal for speaking publicly’

    We need a daily mass shootings virtue signaling hour every morning. Did you know we number more than one a day in the US? But this above shows exactly why we cannot and will not ever give up our weapons. We aren’t China, we will not go home when told, we are not afraid to use our real names. (Except for zero guts).

    The fact of the matter is guberment has shown they will use every advance in technology to spy, oppress, and punish people who have done nothing wrong. Every thing they do in the dark is done against us. With CCP virus they have proven to be mass murderers.

    Gain of function. Yer never getting our guns.

      1. So the WEF terrorist cult of psychopaths and Innsurrectist rich Corporations under Klaus Schwab, are talking about clamping down more on free speech, as they collude with Corporate owned news , to cover up people killed or injured by the fake vaccine, as they launch their new panademic.
        Now you see the start of the next pandemic , being Monkey Pox, predicted by Bill Gates.
        Biden already purchasing 13 million small pox vaccines , while at the same time Biden wants to turn over Health Authority to the Corrupt and bought out WHO, that think they can supersede all Sovereign State Constitutions. The WHO would even have the power to sent foreign troops into nations that don’t comply with the WHO dictates and all kinds of outrageous dictates set up by these so called Health treaties.
        Its becoming pretty obvious that the weapon of takeover is going to be contrived Pandemics under the pretense of Public health.
        And the smallpox vaccine will be another opportunity for kill off and injury for populations.
        They are talking about combining Covid vaccine with the pox vaccine.
        And talking heads are saying that the already immune compromised vaccine victims will be vulnerable to injury by more vaccine dictates.
        Because this is so unbelievable and sinister that vaccines are being used as agents of death and injury , its hard to believe, but the evidence is becoming overwhelming.
        The FDA , CDC, WHO and all of the Health Agencies are not going to protect you from killer and injurious vaccines. I predict that more lockdowns are coming, they have a election to rig , and Medical Tyranny has become their main method of mass destruction.
        Climate Change fraud with the agenda of taking away energy, without proper replacement , is just evidence that they want to take the means of energy to exist. Sorry, but solar and windmills isn’t going to suffice.
        Food shortages is another means to throw populations into deprivation ,panic and God know what.
        But as the WEF is discussing how they are the Gods that will create the New World Order, where free will is over, they don’t discuss solutions to the current crisis.
        Its disgusting hearing these psychopaths talk at the WEF . The stakeholders unite to take over the World .
        They have the means, according to them , to take free will from the masses and hack, genetically alter and control populations , who never voted to be assaulted like this.
        And all their plans are designed to create a World designed for the self serving Rich and Elite , at the expense of the World populations.
        Its almost like those Hunger game movies.
        The WEF should be classified as a Terrorist group of Private Party rich Corporations and Individuals that intend on literally taking over the World , by destruction of all current systems.
        But, instead normal law abiding citizens are being labeled enemies of the State by Joe Biden , while the terrorist WEF is advancing their enslavement agenda of humanity.
        They are openingly talking about what their intent is , as if its acceptable , or voted for by humanity to become hacked slaves owning nothing.
        Just unbelievable .

        1. Just unbelievable .

          Not really. Recall how people stampeded to get jabbed and would wait hours in line to get the kill shot. They didn’t refuse the jab, they pleaded for it.

          1. I don’t think people are going to accept the new pox pandemic, like they did Covid. At least I hope people are not going to fall victim to their ongoing medical fraud and bogus fake vaccines.

    1. Report Shows FBI Spied on 3.3 Million Americans Without a Warrant

      ‘This is not the first time the FBI has been caught red-handed overstepping its legal authority under section 702.’

      ‘In November 2020, the FISC announced that “the government … reported numerous incidents” in which the FBI reviewed information gathered under section 702 without obtaining proper permission from the court.’

      ‘On other occasions, the FISC noted, the FBI used section 702 for issues entirely unrelated to foreign intelligence. These included queries for criminal investigations about healthcare fraud, transnational organized crime, violent gangs, domestic terrorism involving racially motivated violent extremists, as well as investigations relating to public corruption and bribery.”

      “None of these queries was related to national security, and they returned numerous Section 702-acquired products in response,” the FISC noted.’

      https://www.theepochtimes.com/report-shows-fbi-spied-on-3-3-million-americans-without-a-warrant-gop-demands-answers_4487840.html

    2. YES!

      300 million guns in the hands of American civilians, globalist sh*tbags.

      Did you see Francis Betaboy bum rush the stage where Governor Abbott was speaking?

      Grabbers gonna grab.

      1. Butthole ORoarke is simply the type of person you want to throw rocks at….. and worse.

  16. “‘In places like Phoenix, where home prices have shot up by more than 30 percent in a single year, a price decline of 5 percent or 10 percent, if it were to occur, would not create financial stress. Just as a stock price zooming up 30 percent and then giving up some [of the gain] does not cause any financial stress,’ Lawrence Yun, chief economist at the National Association of Realtors said. ‘

    Lawrence Yun, still dissembling and completely non-credible after all these years.

  17. ‘My understanding is that people would invest or loan him money — different words can be used.

    The operative word would be “gave.” As in you marks gave him your dinero, and now you can color it gone.

  18. Sharon Moormann, a property manager with Western Premium Property Management Inc. had to break the news to many out-of-province landlords that homes they assumed were in good condition — and turning over a profit — were actually in disrepair, vacant, or in one case, didn’t exist any longer.

    Must.not.laugh.

  19. ‘What’s worse, we are quite concerned that our savings would be regarded as illegal investment products.’ Chris asked to only be identified by her first name as she fears reprisal for speaking publicly.”

    Gosh, Chris, it doesn’t sound like you did much of a due diligence. But the CCP cares deeply about your financial well-being, and will surely turn over every stone to make you whole on your gambling losses.

  20. “In places like Phoenix, where home prices have shot up by more than 30 percent in a single year, a price decline of 5 percent or 10 percent, if it were to occur, would not create financial stress. Just as a stock price zooming up 30 percent and then giving up some [of the gain] does not cause any financial stress,…”

    Yeah, right.

    To my recollection, a housing price decline of 5 or 10 percent leads to massive underwaterness, jingle mail, and CR8R. And doubly so in a market like the current one overrun by investors armed with low interest loans.

    I remember David Lereah trying to softpedal the last housing market CR8R event, just before he resigned his NAR post. Maybe I’ll grab me a souvenir copy of his 2007 book later this week.

    https://www.amazon.com/All-Real-Estate-Local-Sellers/dp/0385519222

  21. Home Sales Hit Record Lows In Vaughan, Richmond Hill & Markham

    May 19, 2022

    https://www.youtube.com/watch?v=MsCV8ELi7VM

    16:39. Discusses buyers remorse. Comments:

    ‘These markets are cratering and people should be nervous as shit. Santo, you are a good man and taking care of these wounded buyers. These buyers are going to suffer so badly it’s so so sad.’

    ‘People who bought in the past few months are worrying every minute because, – BoC will never ever bring down the Interest rate to emergency pandemic level 0.25%
    – The home price rally that went from early 2021 till March 2022 is so abnormal and a vertical climb.. So, there is a lots and lots of runway for the prices to fall or either to correct…
    – Even as u mentioned in this video, now the people would have bought for 200k to 300k lesser.. thats definitely not a small number to recover.. it will take yrs and yrs (or) will never go to that price..
    – BoC will take the interest rate to 3% to 5% mark…
    – inflation is at 30 yrs high and predicting to be like this for few more years..
    – people’s salary are not increasing… still the min.wage is 15$..
    – Both Fed and Provincial govts now started talking housing Affordability a lot, which makes the recent buyers so nervous…
    – to get the people’s trust, govt will definitely stabilize the housing market.. it won’t be crazy like before..
    – banks started evaluating the properties and not as easy as last year …’

      1. Mid May Denver Housing Market Update – Good Bye Blood Baths!
        May 18, 2022 YES!!! It is still a STRONG SELLER’S MARKET! HOWEVER, the Blood Baths and Bidding Wars and few and far between so for your Mid May 2022 Denver Housing Market Update I talk about the balance, buyers where this helps, Sellers still positioning, pricing, and staging their property to sell well and what I expect over the next few months.

        https://www.youtube.com/watch?v=U92SM6nGo70

        10 minutes.

          1. CANADA What Happens If You Bought A Home But Can’t Sell Yours?

            https://www.youtube.com/watch?v=FWf30L8kWcI

            10 minutes. Comments:

            ‘Just heard of this scenerio from my friend, he bid on a house for 1million
            He was the only bid, asking price was 800,000
            Now he cant sell his old house for even 500,000 with less than a month to close’

            ‘The housing shortage narrative is a huge myth designed by our government and media to address years and years of poor monetary(and fiscal) policy, and as we’re seeing rates go up, supply is lathering the market and prices are sinking rapidly. Prices would have kept dropping in 2017 as well if the Fed and the BoC didn’t reverse course for no reason other than protecting asset prices. This time around that is not an option, as we’re dealing with crippling inflation to the extent that both the Fed and the BoC are taking action on it with the full intention of knowing it’s going to absolutely demolish asset prices.’

            ‘If someone has upward of 1M in equity built up. How much can u get in a heloc?’

            Again, if yer the only bidder, stop bidding:

            ‘he bid on a house for 1million…He was the only bid, asking price was 800,000’

          2. Bought at Market PEAK But Now Toronto Home Prices are Falling – HELP!

            May 19, 2022

            ‘UH OH…. so what happens now if you bought at the peak of the Toronto Real Estate Market? If you purchased your property and the market has turned on you since then, is it time to panic? What options do you have as a buyer if you bought TOO HIGH?’

            ‘In this episode of PPTV, I’m going to go through these scenarios for you in more detail. Toronto home prices are falling and will continue to do so until the next big policy change, announcement, or ripple effect from something else comes along. Furthermore, I’ll be going over the options that you have as a home owner, a real estate flipper, and as an investor so be sure to tune in.’

            https://www.youtube.com/watch?v=KIoKL7sfioE

            8:20. Discusses handling the stages of grief. A comment:

            ‘If you bought the peak in Feb, you deserve every pain that follows. Take it nicely in the behind. Don’t scream.’

            Replies:

            ‘And maybe get supplies of lubricants, and add them to the mortgage cost? 😆😆’

            ‘the BoC is not even giving so much as a courtesy spit. It’s glorious’

          3. ‘Just heard of this scenerio from my friend, he bid on a house for 1million
            He was the only bid, asking price was 800,000
            Now he cant sell his old house for even 500,000 with less than a month to close’

            And the Canucks are worried about the US collapsing?

  22. The Financial Times
    Sovereign bonds
    Government bond markets rally as growth fears overshadow inflation
    Some investors are betting that recession risks will push yields lower in coming months
    A construction worker carries materials while building a new home in the Sunfield neighborhood of Buda, Texas
    Falling US house sales have added to concerns that US economic growth is slowing.
    Tommy Stubbington in London and Kate Duguid in New York
    5 hours ago

    Government bond markets have clawed back part of this year’s heavy losses in recent weeks as investors’ attention shifts from sky-high inflation to signs that economic growth is slowing.

    Bonds have endured a painful year so far as major central banks rush to contain runaway price rises by embarking on a rapid tightening of monetary policy. But longer-term government debt — an ultra-safe asset which tends to benefit from fears over the health of the economy — has steadied in recent weeks as a sell-off in riskier assets like stocks accelerates.

    A Bloomberg gauge of long-term US government bonds is on course for a third consecutive weekly rise, gaining more than 4 per cent since May 6, a turnround echoed in European markets. Although the recovery remains modest compared with the scale of earlier declines — the index is more than 18 per cent lower year-to-date — some investors sense a turning point for the heaviest global bond sell-off in decades.

    1. The Financial Times
      Opinion Unhedged
      US house prices never go down
      I mean, they don’t, right?

      Robert Armstrong
      yesterday

      Good morning. Once again, I could not bear to write about the Federal Reserve minutes. James Politi wrote a nice newser on them, though. Most pundits seemed to think they were a touch dovish. At Unhedged we think the data that will drop in the next couple of months are way more important than further microanalysis of the Fed’s “reaction function”.

      Am I wrong to wave the minutes away? Was there an interesting nugget in there? Email us: robert.armstrong@ft.com and ethan.wu@ft.com.

      Safe as houses?

      Yesterday we looked at a chart of plummeting US new home sales, one of several examples of slowing consumer activity. Sales are down 40 per cent from their peak month in 2020. That’s striking, but it is more interesting still to look at the drop-off in transactions in the context of stable prices. Here are US existing house sales against median sales prices:

      [FIGURE NOT SHOWN ON HBB]

      Even as 30-year fixed mortgage rates have gone from 3 per cent to over 5 per cent in just five months(!), prices haven’t budged.

      Suppose back in December you were going to buy a house for $425,000 with 20 per cent down. But you didn’t get a deal done for whatever reason. The change in rates means that the monthly mortgage payment on your dream home has now gone up about 30 per cent, from $1,442 to $1,877. That’s $5,220 in additional payments a year. More to the point, if your mortgage budget was fixed at about $1,442, you are now shopping for a $325,000 house. That is a really different house.

  23. I was going through emails on a$$-, I mean price reductions, and noticed a new feature from the steaming pile of zillow:

    $349,900 5 bd 4 ba 3,182 sqft
    Price cut: $50K (5/26)
    424 El Rancho Dr, Kingman, AZ 86409

    https://www.zillow.com/homedetails/424-El-Rancho-Dr-Kingman-AZ-86409/8369990_zpid/

    Foreclosure information:

    3/11/2022 Foreclosed auction unpaid balance
    Home in default past due
    1/20/2014 Loan issued $130,800
    2/1/2009 Loan issued $130,800
    Legal : Non-Judicial
    -Notice of Sale: 2022016097 on 3/11/2022

    Learn more at Zillow Foreclosure Center

    Date Event Price
    5/26/2022 Price change $349,900 (-12.5%) $110/sqft

    4/27/2022 Price change $399,900 (-6.8%) $126/sqft

    4/20/2022 Listed for sale $429,000 (+185.7%) $135/sqft

    2/2/2009 Sold $150,150 (-36.7%) $47/sqft

    This has cash out refi written all over it.

    1. Selling like hotcakes I tell you!!!

      https://www.zillow.com/homedetails/955-San-Rafael-Ave-Mountain-View-CA-94043/19513102_zpid/

      Price and tax history
      Price history
      Date Event Price
      5/23/2022 Price change $1,349,000 (-3.6%)$1,561/sqft
      Source: MLSListings Inc #ML81881814 Reporta problem
      5/5/2022 Price change $1,399,000 (-6.7%)$1,619/sqft
      Source: MLSListings Inc #ML81881814 Reporta problem
      3/10/2022 Listed for sale $1,499,000 (+5.2%)$1,735/sqft
      Source: MLSListings Inc Reporta problem
      5/30/2018 Sold $1,425,000$1,649/sqft
      Source: Public Record Reporta problem

      Public tax history
      Year Property Taxes Tax Assessment
      2021 $18,488 (+0.6%) $1,497,929 (+1%)
      2020 $18,379 $1,482,570 (+2%)
      2019 $18,379 (+354%) $1,453,500 (+357.3%)
      2018 $4,048 $317,878 (+2%)
      2017 $4,048 (+4.5%) $311,646 (+2%)
      2016 $3,872 (+6.9%) $305,536 (+1.5%)
      2015 $3,623 (+1.2%) $300,948 (+2%)
      2014 $3,581 $295,054 (+0.5%)

      1. He can almost spit to Stockton Hill Road, a main thoroughfare with big-box stores and fast food, and the I-40 is right there too. But it looks like he has to deal with his own water well and septic system out there. He’ll be okay until he’s too old physically to manage the place.

        1. OMG that fireplace pit looks like a death trap. If you fall in and hit your head on the edge of those bricks will anyone ever smell your corpse out there?

          I’ve been fascinated with the desert lately, so many bad decisions out there. It only made sense when land was practically given away, now it’s just nuts. If any of you are bored and want to read something really amusing, try this article on Pahrump NV. They have an issue called ‘poof dirt’ where the dirt under your house goes poof because they drained the aquifer. Now they want to import water from the nuclear testing site to the north. So much winning. One of Pahrump’s main selling points is how close it is to death valley! Realtor videos on Pahrump are the best!!

          https://www.wsgwa.org/news_nevada-town-crisis-over-water/

          1. because they drained the aquifer

            The expansion of the desertic southwest is going to meet the harsh reality of droughts and lack of water.

  24. Ruh ro! Small dataset as of yet, but it looks like North Idaho isn’t magically immune. Total pending dropping while active listings climbing can’t be good for all the LA cops and firemen that descended on us.

    https://imgur.com/a/PbWMbeW

    1. all the LA cops and firemen that descended on us

      How did they like their first Idaho winter?

  25. “A few months ago — thanks to the frenzied housing market activity resulting in homes quickly disappearing off the market — Orlando house hunters were willing to give their first-born child with their offer, Realtor Deanna Armel said.Today, that has slowed a bit, the owner and broker of Kissimmee-based Armel Real Estate Inc. told Orlando Business Journal. ‘It’s been a slow transition from craziness. Instead of 25 offers, I’m getting five.’”

    Soon to be five to zero. I hope yer save ser commission checks the last few years!

    1. EXPLAINS THE IMPORTANCE OF COVID

      The truly sad thing is that many people are so afraid of disease that they will accept the “biometric surveillance”. Correction: they will beg for it.

      Anywho, now we know how Harari is planning on “hacking” people’s minds. People will beg for the mind control implants.

      1. “People will beg for the mind control implants.”

        Look at the bright side, e.g., they’ll know where the nearest Starbucks is.

    2. As I said, these psychopaths associated with the WEF, like Dr Harrari, are out in the open with what their sinister intent is . ” Free will is over, according to this piece of shit Harari. They are the new Gods that want to abolish right to religious belief even, because they are the new Gods.
      All Constitutional rights such as free speech, freedom of religion, 2nd amendment right to bear arms, etc , they want to eliminate.
      The want to hack you and alter you genes, against your will , because they claim they have the technology to do it. And. you don’t get to vote on being enslaved by these lunatics, because elections are rigged , and they infiltrated Governments to force their agendas.
      This monster Dr Harari makes my blood boil every time I hear him talk, as well as Klaus Schwab, Bill Gates, George Soros, the whole group of unelected power mongers.
      Designing a Dictorship in which they rule , is a Declaration of War on Sovereign States and the free world and all of humanity.
      They are so dismissive of the rights of humans , just like a group of mafia goons.
      Dr Harari has called populations ” useless eaters”, so what do you think his stance is on depopulation.

      What they are really saying is that a small group of Rich Entities have the right to rule the earth, kill or enslave the populations, and fashion a World of utopia for this mentally ill group of terrorists , that have declared war on humanity.
      They want to force injections, hack and alter humans , dictate what you get to eat, etc etc. And no doubt they plan to take property rights , and basically taking all rights is their end game objective.
      Its pretty unbelievable, but this is what they have been scheming on for decades and decades.
      Of course humanity would not of voted for their own enslavement or demise or even being hacked or altered .
      While they talk about saving the earth by this carbon BS, or saving lives in a Pandemic, its all a method of mass destruction.
      You judge something by the fruit it bears, and this is rotten fruit.
      Believe me , their agenda for the long run is to take all property rights in witch you will own nothing and be happy.
      But than who will own everything? It will be them, the Great Stakeholders will take everything and control everything.

      1. What they are really saying is that a small group of Rich Entities have the right to rule the earth

        It is perfectly clear that they believe the Earth is their property and theirs alone, and that we live on it by their grace and we exist to serve them.

        And they have also been quite clear that there are far, far too many of us serfs, that we are spoiling their perfect world and they intend to do something about that.

        1. Well, I take it personal when I know a enemy is trying to kill me , or take away my rights , food, or energy.
          They are serial killer lunatic monsters.

          1. They are serial killer lunatic monsters.

            Of course they are. Which is why we can’t vote our way out of this.

      2. +1 Excellent post.

        Hey Glowie, go f* yourself, because we are the Leaderless Resistance.

        We don’t shoot up schools or grocery stores. We are going to uphold the United States Constitution, the Bill of Rights, all of its subsequent Amendments, and there are 300+ million guns in the hands of American civilians.

        Glowie, Globey, you can’t win.

        And if you try, you gonna DIE.

    1. I believe it’s best to remove the ‘?’ and everything after when sharing/posting a twitter link.

      (disclaimer: I’m not a tweeter)

  26. The Financial Times
    Updated 52 minutes ago
    Live news: Pentagon estimates Russia has lost nearly 1,000 tanks in Ukraine conflict
    Jaren Kerr, Mamta Badkar, Peter Wells, Alexandra White, Mark Wembridge, Oliver Ralph, Sarah Provan, Leke Oso Alabi, Robert Wright and Jennifer Creery

  27. Home Prices Causing Panic In Brampton, Mississauga & Durham Real Estate

    May 25, 2022

    https://www.youtube.com/watch?v=6z0f_uimknY

    18 minutes. BTW I don’t watch all of these or just let it play in the background to see if there are any tips. Comments:

    ‘The realtor in the story at the start is the reason why realtors get a bad rap. Unexperienced individuals who don’t take the time to do the research, don’t care about the customer and do everything they can to increase their commission by pushing for a higher price.’

    ‘Honestly, the seller is greedy…!! People think they will make a killing from selling their house…rightfully so…but with a seller like this, she have to take some of the blame…we also need to do our home work. She could have ask the agent to bring the comparable like you did. But no, she wants to be greedy. I truly don’t feel sorry for people like her…!!!’

    ‘anyone that bought for $2M or more for a detached in Mississauga or any other suburb must have been out of their mind. City of Toronto core immune to any significant correction’

    ‘Sellers are panicking, LOL, greed pure and simple.’

    ‘Oh dear.. looks like many people started hating the word “REALTOR”… some of my colleagues and frnds telling me similar story on their recent realtors…’

      1. Especially since used home liars often take homes that won’t sell off the market and relist them, for purposes of deceptively advertising stale listings as new.

  28. Streaming some C-SPAN Radio in the background, lots of chatter about a “bipartisan” bill to eliminate the Second Amendment to the United States Constitution.

    Did you know that it is still illegal to fly or take a train between provinces in Canada without proof of covid vaccination?

    Is it even legal for Australian citizens to leave Australia?

    The Day Of The Rope is coming…

    1. Disclosure: Klaus Schwab and Albert Bourla are not United States citizens, nor do they hold elected office in the United States.

      https://www.thegatewaypundit.com/2022/05/klaus-schwab-pfizer-ceo-trash-conspiracy-people-world-health-assembly-fanatic-group-anti-vaxxers-will-go-us-no-matter/

      You are both guilty of medical genocide.

      Your actions have warranted the right to a citizens brigade conducting your arrest, and execution.

      You are going to die. At some point, one or more of your security detail will flip. They have no love for you, only for your money.

      You are both guilty of medical genocide.

      1. I’m on you wavelength Deplorable of knowing these creeps are guilty of genocide , fraud, insurrection , you name the crime.
        Nothing has ever been more obvious to me . And your right that a number of the members of the WEF, aren’t even American Citizen .
        Klaus Schwab with his Nazi accent and gestures is truly creepy. He’s truly creepy , as is all of them .

        1. People have it all wrong. They think the EVIL of the world are like characters from James Bond movies–you know, have huge estates with bunkers deeper the the governments, filled with endless supplies and protected by thousands of 100% loyal (and fed and housed) men.

          The reality is 180 degrees the other way–the rich and powerful are the most vulnerable and least capable if the SHTF. First, having a big house makes you a bigger target. And having a compound in a remote place or on an island dooms you since you can be easily cut-off from everything.

          How many people serve the super rich like Bill Gates? How many cooks does he have? Maids, servants, drivers, security detail….The list goes on and on. If anarchy on the streets breaks out and the peons start to hunt down the rich, who’s going to protect and feed and take care of the staff?

          The hired help (including their bodyguards) all have their own families and ordinary problems and challenges. Are they going to sacrifice their kids to protect the big guy who is worth 1,000,000 times more?

          In history every single totalitarian leader, strongman, big shot was hunted down and dispatched like a cornered rat. Hitler. Mussolini. Khadafi. Saddam Hussein. The leaders of the NWO would end up in the same place if all hell broke loose in the World.

          The people who will thrive and survive will be the Ted Kaczynskis (Unabomber) of the world. Kaczynski lived off the grid in a cabin without utilities. Those who live off the grid with little in terms of material wealth won’t be bothered much by a world that goes nuts. Nobody is going to raid their huts for valuables or food and booze.

          It’s called Hubris. That’s what we are seeing in gigantic amounts today. Schwab and Gates believe their press clippings–they believe that they have power and that they live above the peasants in their sky palaces. They assume that the structure of society will remain intact and allow them to rule like they have been doing. But change a few things and they’ll end up like Gloria Swanson’s character in “Sunset Blvd.”

    2. a “bipartisan” bill to eliminate the Second Amendment to the United States Constitution

      It’ll take more than a bill. 2/3 of the states will have to ratify the repeal. Not going to happen.

  29. Ok, so I’m just passing this on. I heard a medical Expert in essence say that they have a big increase in shingles, and all the other pox diseases , as a result or side effect from the Covid vaccine.
    Are they trying to hide adverse effects from the injections by claiming its a new Panademic?
    Basically, I wouldn’t take any pox vaccines these criminals offer , or try to mandate. .
    Big Pharmacy is part of the World Economic Forum, as a major player in these medical crimes against humanity. Fake news is financed by them , as well as censorship of free speech.
    These are all the same players in collusion to take over, while their Puppet Biden and other politicians are advancing their agendas.
    Unfortunately, its mandatory that the human race they will harm is going to have to stop them .

    1. Are they trying to hide adverse effects from the injections by claiming its a new Panademic?

      They want to inject more poison into you.

      In probably related news, Ray Liotta “died suddenly” in his sleep. And that’s the thing about the kill shot: when it comes for its victim, it will do so suddenly and without warning. My in law was in perfect health when she suddenly and with no warning went into cardiac arrest and only survived because she was already in the ER when it happened.

    2. It’s going to take a lot time for the facts of what happened during this Covid-19 pandemic all come out. There are so many different aspects to this disaster–where the virus came from (i.e., China), data collection, manipulations and intentional deception, natural history and actual clinical course of the infection, effects of medical interventions, and of course, the “vaccines”.

      The problem is that a every turn, there are political actors and pressures, and there’s an enormous amount of money involved here. With all of the political pressures involving China and NWO, just this giant whale is going to take a lot to sink.

      All of my physician friends practicing medicine at large clinical and academic institutions know that the “official” Covid-19 story is a load of B.S. Doctors and scientists aren’t stupid. Unfortunately, the corruption of the left, press and business have buried any attempt by the working clinicians to bring any light to what’s been going on.

      And you have to remember that a lot of the physicians out there actually aren’t very bright and they believe all of this crap and more (global warming, CRT, Trump is a Nazi, etc.). In other words, I know lots of dyed in the wool liberals that have been thoroughly brainwashed.

      So this is going to be a very big and drawn out battle. What’s going to happen I think, is that the MOTHER OF ALL LAWSUITS is going to be unleashed against the US Government, the drug companies and thousands of physicians, employers and insurance companies. Get the popcorn ready, it’s going to be a great show.

      The corruption in America today is bigger and more powerful than portrayed in any political thriller book or movie. The Deep State does in fact exist. As is being revealed in the current trial, Hillary, the FBI, CIA, DOJ and press all conspired to steal the election from Trump in 2016. And in 2020 they succeeded in a coup against the POTUS. Right now the most important thing is to defeat the Deep State in the coming mid-term election in November. Losing in November would put the America in a collision course with complete destruction.

      War with Russia could end Western Civilization. China melting down and attacking Taiwan could destroy the World Economy. Even if Russia doesn’t end up using their nuclear arsenal, the economy of the EU might self-destruct in the near future because they can’t survive without Russian energy.

      And there’s probably going to be world-wide food shortages within a year. How it all might fall apart will be apparent when it all does.

      1. zzy,
        I share your take on the situation, and the food thing I am concerned about also.
        Your so right in calling it a ” giant whale.”

  30. If you want misinformation, go read the New York Times and the Washington Post.

    Russia Today — France starts handing out food stamps (5/25/2022):

    “According to the report, citizens are being given coupons for €5, €20 and €30. To date, city administrations have reportedly spent about €37 million (around $40 million) on the issuance of coupons and certificates, as well as other measures to support the population.

    A document outlining the subsidies has not yet been adopted. However, the mayor offices of some French cities have decided to introduce food coupons on their own, without waiting for an official government decision.”

    https://www.rt.com/business/556086-france-handing-out-food-stamps/

    “They’re not sending their best”

      1. crushing Russia

        They just lowered interest rates. Food and fuel prices are declining. They have a Treasury surplus and are raising pensions. Crushing them indeed.

        1. Small wonder Kissinger is suggesting that we find a way to end the war ASAP, even if it means conceding territory to Russia. The puppet is of course swearing that Ukraine will fight to the last man.

  31. Milton Real Estate Crashing? 4 Key Stats You Should Know Before Selling Your Milton Home

    May 19, 2022 Milton real estate prices have come down a lot since the winter. I go over key stats including prices as reported on the Toronto Real Estate Board so you can make an informed decision on whether to buy or sell now in Milton or wait.
    Detached homes, semi detached, freehold townhouses, condo townhouses and condos are all covered in this video.

    https://www.youtube.com/watch?v=BrALD3cln4s

    9:30.

    “I know it’s a lot of bad news…there will be some regret”

    It’s a country song!

    1. There is cratering prices appearing everywhere….. and there is nothing that can be done about it.

      Astoria, OR Housing Prices Crater 21% YOY As Oregon Demand Tumbles And Prices Crumble

      https://www.movoto.com/astoria-or/market-trends/

      As one Oregon broker explained, “Anything is possible with rampant fraud. Anything.”

  32. I *LOVE* articles like this. Downtown Denver, you’re getting exactly what you voted for, and more.

    Denverite — Downtown Denver residents want temporarily sheltered homeless people out of their neighborhood (5/25/2022):

    “A handful of residents from the luxury Spire Condos and the Upper Downtown Neighborhood Association, or UpDoNa, told lawmakers Monday night that the city should end its contract with JBK Hotels. The arrangement opens individual rooms for unhoused people at the Aloft Denver Downtown, a hotel at 15th and Stout Streets.”

    You voted for this, @ssholes.

    “Aloft is one of four hotels where Denver’s Department of Housing Stability, or HOST, has made available a total of 563 individual rooms for people experiencing homelessness who are vulnerable to COVID-19. Of the people who have stayed in these hotels, 343 have been moved into permanent housing, and 70 of those were from Aloft. The Salvation Army operates the hotel, in partnership with HOST.”

    You voted for this, @ssholes.

    “members of UpDoNa told City Council that sheltered people experiencing homelessness at Aloft are ruining their neighborhood, hurting the downtown economy and causing safety and sanitation issues.

    Sanitation issues? Like human feces on the sidewalk?

    You voted for this, @ssholes.

    “Trying to block the shelter, UpDoNa members said, is about protecting children who attend events at the Convention Center from several registered sex offenders who live at Aloft and ensuring both housed residents and tourists can walk through downtown without seeing people using drugs and experiencing harassment.”

    You voted for this, @ssholes.

    https://denverite.com/2022/05/25/downtown-denver-residents-want-temporarily-sheltered-homeless-people-out-of-their-neighborhood/

    I live in Arapahoe County, and I’m probably leaving there. Denver, this is what you voted for, and you deserve all of this, and worse.

    It’s what you voted for, @ssholes…

  33. https://www.dailymail.co.uk/news/article-10857101/Texas-school-shooting-cops-restrained-parents-trying-save-kids.html

    Salvador Ramos arrived at Robb Elementary School at 11.30am on Tuesday morning after crashing his truck
    A school resource officer at the scene failed to stop him from making his way inside and barricading himself
    He locked himself in a fourth grade classroom where he shot dead 19 kids and two of their teachers
    It took police at least hour to breach the classroom to shoot him – and it’s now claimed they needed a key to get into the room
    As they struggled to get him inside, desperate parents were held back from the school by cops with tasers
    In new video, police are shown restraining one frantic man who asked them why they weren’t in the school
    ‘We’re taking care of it!’ yelled one officer who was holding parents back from the scene
    One law enforcement official anonymously revealed cops took so long to get into the classroom because they needed a key
    It was only when a staff member found one for them that they got inside, according to NPR

    1. “A school resource officer at the scene failed to stop him from making his way inside”

      Nope, no school resource officer at the scene when the “shooter” arrived.

      “Gomez was put in handcuffs by federal marshals for “intervening in an active crime scene,”

      But somehow there were federal marshals there putting parents in handcuffs while “police were doing nothing,”

      A mother who was handcuffed outside the Texas school shooting later ran into the school and pulled her two children to safety: report

      Azmi Haroun
      Thu, May 26, 2022, 4:29 PM·
      2 min read

      Angeli Rose Gomez, a farm supervisor working nearby who has children in second and third grade at Robb, told the Journal that she drove 40 miles to the school when she heard about the shooting, only to see an apparent lack of response from law enforcement as the gunman barricaded himself in a classroom.

      “The police were doing nothing,” Gomez told The Journal. “They were just standing outside the fence. They weren’t going in there or running anywhere.”

      Chilling reports have emerged of parents pushing past law enforcement to rescue their children by any means, their efforts growing increasingly dire as the gunman remained in the school. Law enforcement officials have given conflicting accounts of what was happening during the 40 minutes the gunman was inside – as groups of police remained outside.

      According to The Journal, Gomez was put in handcuffs by federal marshals for “intervening in an active crime scene,” as she and other parents demanded officers enter the school. Gomez persuaded Uvalde law enforcement officers to release her, and she moved away from the crowd.

      Another parent was pepper-sprayed as he attempted to get into the school, and a father was tackled by authorities, Gomez told The Journal.

      https://sports.yahoo.com/mother-handcuffed-outside-texas-school-202952406.html

  34. Ok, so now a debate is starting on why it took law enforcement so long – over a hour-
    to confront the active shooter in the elementary shooting in Texas
    Actually , the same thing happened in another school shooting were a officer first responder stood down for way over a hour .
    I don’t know what police policy or protocol is in a situation like this.
    But it would take a lot of courage and suspending
    of self preservation to confront a active shooter, without gear or backup.
    Some people are naturally courageous and will risk their own lives to save others, and other might just act on immediate impulse, and save people.
    So, I don’t really know what is required by the police in situations like this.
    The older Asian shooter got taken down by a preacher throwing a chair at him , than others tackled him.
    I don’t know why the police took so long, or if they could of prevented some of these deaths. But the shooter is to blame , bottom line. Than what are the factors that are creating these mass killings.
    Bottom line is that its not grounds to abolish the second amendment, and we all know why.

  35. Ok, I didn’t hear about the key thing yet. But did this classroom have windows or other means of entry ? And don’t they just ram doors open , or shoot the locks off ?

  36. Has it ever occurred to you that bulls are herd animals with bovine intellects?

    1. The Financial Times
      Opinion
      Markets Insight
      Bull market rhymes lead to a turn in the investing cycle
      The influence of psychology on investors’ decision-making still largely explains stock gyrations
      Montage of bulls, bears, dollar bills and pillars of an ornate building
      Bull markets are, by definition, characterised by exuberance, confidence, credulousness, and a willingness to pay high prices
      Howard Marks 33 minutes ago
      The writer is co-founder and co-chair of Oaktree Capital Management and author of ‘Mastering the Market Cycle: Getting the Odds on Your Side’

      I’ve lived through (and been schooled by) several significant cycles during my years as an investor. And yet, when I was about two-thirds of the way through writing my last book, a question dawned on me that I hadn’t considered before: why do we have cycles?

      After pondering this question for a while, I landed on what I consider the explanation: excesses and corrections. If the stock market were a machine, it might be reasonable to expect it to perform consistently over time. Instead, the substantial influence of psychology on investors’ decision-making largely explains the market’s gyrations.

      Everyone knows — or should know — that parabolic stock market advances are generally followed by declines of 20-50 per cent. Yet those advances occur and recur, abetted by the willing suspension of disbelief.

      Bull markets are, by definition, characterised by exuberance, confidence, credulousness, and a willingness to pay high prices for assets — all at levels that are shown in retrospect to have been excessive. History has generally shown the importance of keeping these things in moderation. For that reason, the intellectual or emotional rationale for a bull market is often based on something new that history can’t be used to discount.

      Consider the FAAMGs (Facebook, Apple, Amazon, Microsoft and Google), which have a level of market dominance and ability to scale up that had never been seen before.

      The dramatic performance of the FAAMGs in 2020 attracted the attention of investors and supported a widespread swing toward bullishness. By September 2020, these stocks had nearly doubled from their March lows and were up 61 per cent from the beginning of the year. Notably, these five stocks are heavily weighted in the S&P 500, so their performance resulted in a good overall gain for the index, but this distracted attention from the far less impressive performance of the other 495 stocks.

      Or consider cryptocurrency. Bitcoin has been around for 14 years but it has been in most people’s consciousness for only about five. It fits economist John Kenneth Galbraith’s sceptical description of the type of financial innovation in bull markets that prior generations supposedly “do not have the insight to appreciate”. Bitcoin enjoyed a dramatic price spike from $5,000 in 2020 to a high of $68,000 in 2021, before falling back this year to about $24,000.

      The striking performance of cryptocurrencies and “super stocks” — as well as tech shares generally — in the last two years had added to investors’ general optimism, enabling them to disregard worries concerning the persistence of the pandemic and other risks.

      It’s risk aversion and the fear of loss that keep markets safe and sane. But when bull markets heat up, caution, selectivity and discipline often go out the window. Bullishness tends to exaggerate the merits of bull market winners. This pushes security prices to levels that are excessive and thus vulnerable — because the upward swing doesn’t last for ever.

      We often see negative fundamental developments pile up for a good while, with no reaction on the part of security prices. But then a tipping point is reached — either fundamental or psychological — and the whole pile suddenly gets reflected in prices, sometimes to excess. And the stocks that rose the most in the up years often experience the greatest declines in the down years.

      Some people may believe that asset prices are all about fundamentals, but that’s certainly not so. If market prices are set by a consensus of intelligent investors on the basis of fundamentals, then why are many formerly highflying tech/digital/innovation stocks down by such large percentages in recent months? Do you really believe the value of many businesses more than halved in this brief period?

    1. The Financial Times
      FT Financial Literacy and Inclusion Campaign
      Opinion Serious Money
      Hard lessons from the crypto crash
      Can anything challenge the belief that investing in digital assets is a guaranteed route to riches?
      A young man looks worriedly at his phone, against a background of crypto symbols
      Billions of dollars have been lost in the crypto meltdown
      Claer Barrett yesterday
      This article is the latest part of the FT’s Financial Literacy and Inclusion Campaign

      We deal with all kinds of financial problems on the Money Clinic podcast, but after speaking to young traders who lost their shirts in the $40bn wipeout of crypto token luna, I found it hard to offer them any solutions.

      Subbaiah, 29, got into crypto last year after seeing his friends make money. The IT worker in Bangalore watched tutorials by online influencers, started trading in and out of various coins and made enough to dream about quitting his day job and trading full-time.

      Unfortunately, this early success gave him the confidence to borrow on credit cards to boost his trades. Tempted by the prospect of a 20 per cent yield, he moved his entire $7,000 portfolio into luna — only to see it reduced to $150 when the coin’s value collapsed this month.

      “I thought I could make money easily,” he tells me on the podcast this week. “I never thought about the downside, that everything could go to zero.”

      Not only is Subbaiah’s money lost, the credit card debt will be a lasting reminder of how this was a risk he couldn’t afford to take.

      You might have limited sympathy for those who have been financially reckless, trading unregulated and volatile crypto assets in an attempt to get rich. In the UK, regulators have consistently warned: “Be prepared to lose all of your money.” So why has this come as a surprise?

  37. Happy Friday HBB!

    And now for some good news. Here some “sponsored content” war propaganda from Real Journalists.

    Washington Post — Ukrainian volunteer fighters in the east feel abandoned (5/26/2022):

    “Ukrainian leaders have projected and nurtured a public image of military invulnerability — of their volunteer and professional forces triumphantly standing up to the Russian onslaught.”

    It was all lies, and you are losing.

    “Ukrainian forces have succeeded in thwarting Russian efforts to seize Kyiv and Kharkiv and have scored battlefield victories in the east. But the experience of Lapko and his group of volunteers offers a rare and more realistic portrait of the conflict and Ukraine’s struggle to halt the Russian advance in parts of Donbas.”

    The obvious solution is for you to surrender.

    “In a video uploaded to Telegram on May 24, and confirmed as authentic by an aide to Haidai, volunteers said they will no longer fight because they lacked proper weapons, rear support and military leadership.”

    Ukraine belongs to Russia.

    “in recent weeks, he said, the situation has gotten much worse. When their supply chains were cut off for two days by the bombardment, the men were forced to make do with a potato a day.”

    Russia is winning.

    “The situation is controllable but difficult,” Khrus said. “And when the heavy weapons are against us, we don’t have anything to work with. We are helpless.”

    Helpless? Sounds like Russia is winning.

    “We’re ready to fight and we will keep on fighting,” Lapko said. “We will protect every meter of our country — but with adequate commandments and without unrealistic orders. I took an oath of allegiance to the Ukrainian people. We’re protecting Ukraine and we won’t let anyone in as long as we’re alive.”

    That’s cute.

    An oath of allegiance? As a United States citizen, I owe you NOTHING.

    https://archive.ph/qBl7q

    Archive link provided because we do not give clicks or revenue to globalist scum media.

    The Washington Post is nothing more than a marketing brochure for the Military Industrial Complex and Big Pharma.

    1. Did somebody say Military Industrial Complex?

      Russia Today — US may send heavier artillery to Ukraine (5/27/2022):

      “As early as next week, the Biden administration could announce an escalation in the weapons supply to Ukraine, possibly allowing deliveries of MLRS and HIMARS long-range multiple rocket launchers, CNN reported on Thursday, citing multiple officials.”

      This is treason.

      “Ukrainian officials have listed both systems among the weapons they want the US and its allies to donate to their fight against Russia.”

      Donate?

      Like, a donation to Goodwill or a food bank?

      “A number of shellings and helicopter raids have targeted Russian territory in the past several weeks, which Moscow blamed on the Ukrainian side.”

      World War III: it’s what’s for breakfast.

      “Pentagon officials met with the CEO of Lockheed Martin to discuss the potential ramping up of production of the MLRS, one source said.”

      Lockheed Martin? They buy and sell members of Congress like they are baseball cards.

      “Kiev has been losing territory recently and is now saying that things look bad for it in the eastern region of Donbass.”

      Yeah, no sh*t, because Russia is winning.

      https://www.rt.com/news/556179-us-rocket-artillery-ukraine/

      LOL@ people posting on this thread comparing this conflict to Germany in World War II.

      “They’re not sending their best”

  38. Alan White from the band Yes just died.

    Andy Fletcher from the band Depeche Mode just died.

    The actor Ray Liotta just died.

    Covid vaccines are poison.

  39. Video: Biden Education Secretary Says Biological Males Should Be Allowed To Compete In Girls’ Sport

    by Steve Watson
    May 27th 2022, 6:46 am

    Henry Rodgers
    @henryrodgersdc
    NEW: Cardona refused to recognize biological sex, said transgenders should be able to compete against girls and said there are “sensitive issues” where children should feel safe at school when asked if schools should be able to hide a child transitioning from their parents

    https://twitter.com/henryrodgersdc/status/1529894234677030929?s=20&t=Yzpe3LvyTmHQG1juqgUGzQ

  40. We did in fact sell our summer home for 10% above asking price last year. After 27 years, it was time as it needed a lot of work and I didn’t feel like putting all that much into it for whatever time I have left. The buyers were a young family–about the same age I was when I bought it. Hope they can hold on and enjoy it as much as we did.

Comments are closed.

Back To Top