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Home-Buyers Have Become Hard To Find

A report from the Mortgage Research Center. “The share of U.S. properties for sale that received competitive offers from buyers in April dropped to the lowest level in more than a year, according to Redfin. ‘Higher rates are also limiting homebuyers’ ability to significantly bid up home prices, meaning some homes aren’t selling for as much over the asking price as they would have a year ago,’ said Daryl Fairweather, Redfin’s chief economist.”

“Riverside, California, saw the largest decline in bidding wars last month, according to the Redfin report. Olympia, Washington, was next, with a drop to 56% from 71% a year ago, with a 70% share compared with 85% a year earlier, and San Diego, at 71% versus 86%, the report said. ‘Homes that would have received 10 offers several months ago are now getting two or three,’ said Elizabeth Rodriguez, a seller’s agent with Redfin in Riverside. ‘That’s because the jump in mortgage rates has forced a huge pool of first-time buyers to drop out.'”

The Naples Daily News in Florida. “Overall inventory in Naples during April increased 16.5 percent to 1,668 properties from 1,432 properties in April 2021. Fueled by a swell of new single-family home listings, up 5.7 percent over last year, broker analysts reviewing the April 2022 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), are confident the Naples area housing market has reached a crossroad and is making its turn toward a balanced and healthy market.”

“Several top brokers in Naples say the shift indicates the Naples area housing market is redefining itself. Another major factor that signified the market was self-correcting to a new normal in April were the 549 price reductions (33 percent of the inventory) during the month. The report also showed 1.5 months of inventory, the highest level since March 2021.”

The Press and Guide in Michigan. “Home sales slipped a bit in April in the Dearborn-Dearborn Heights market. ‘Rising interest rates are impacting some buyers, specifically first-time buyers who may have to adjust purchase price or location to accommodate their budget,’ said Jeanette Schneider, president of RE-Max of Southeastern Michigan. ‘Sellers continue to benefit from quick sales, but with fewer offers coming in than a year ago as buyers have become more pragmatic on which homes they will get actively engaged in bidding on.'”

Hawaii Real Estate Dreams. “Kona house, condo and land sales total 386 units as of the end of April. When compared to the same time in 2021 when we had closed 631 units, and in April alone we had closed 193. That is an almost 39% drop in sales transactions year-over-year… that is a whole heck of a lot of agents who didn’t get a sale last month! Today, out of the overall available houses in Kona, all price ranges, we had 55 fee simple… 31 of them were listed $2 million and up, leaving only 26 houses under that price point to buy. The cheapest is $475K and has boarded up windows… wow!”

The Review Journal. “Southern Nevada homebuilders recorded their second-highest April for new-home sales over the last five years, but rising mortgage rates have slowed the momentum from the first quarter, especially with first-time homebuyers. April’s 913 net sales — sales minus cancellations — fell about 30 percent from March and were down 25 percent from April 2021 when there were 1,215 sales, according to Las Vegas-based Home Builders Research.”

“‘We can see that April 2022 was still higher than 2018 and 2019, and so instead of seeing the number from this year as bad, it again just shows how great 2021 was,’ according to Home Builders Research President Andrew Smith. ‘People are still moving here, and our population is still growing. We still have to build and sell homes. It’s not a reset. Nobody is panicking and talking about dropping prices or offering incentives just because of a few weeks of lighter sales. We need to catch up with supply chains, anyway. When interest rates stop (increasing), more people will jump back in,’ said Southern Nevada Home Builders Association CEO Nat Hodgson.”

The Intelligencer. “No, it’s not your imagination: An economic storm is heading toward New York, and the cloudy skies today could be a cyclone in the near future. Individual bits of bad news keep getting announced here and there, in ways that haven’t (yet) stirred widespread worry in New York. ‘The nation as a whole has recovered 95 percent of the jobs lost in the pandemic. We’ve recovered 74 percent. So we’re way behind the rest of the country,’ says Greg David, who spent 35 years at Crain’s New York Business reporting on the local economy.”

“‘We’ve begun to see layoffs in the tech sector. I think unless the markets turn around, we’re going to be hit,’ David told me. ‘We haven’t recovered the jobs, which are primarily low-wage, tourist-related jobs, retail jobs. And now some of our best-performing industries are going to lose, too.'”

“The mounting financial bloodbath on Wall Street and in the tech sector will eventually be felt throughout the ‘real’ economy in New York. Layoffs are an obvious measure of distress: Just ask any of the ex-employees of Better.com, a mortgage lender based at the World Trade Center that fired 900 workers a few weeks ago on a Zoom call that lasted all of 12 minutes. The slowing of the mortgage market that contributed to the bloodbath at Better.com is not over.”

From The Street. “Venture capital firms such as Sequoia Capital and Y Combinator are sounding the alarm for startup companies that the days of raising capital easily are over. The well-known VC sent 250 founders a 52-slide presentation via Zoom on May 16, alerting them to a ‘crucible moment’ as higher rates of inflation, volatility in the stock market and several geopolitical issues led to less certainty in the venture capital market. Sequoia told the startup founders that there likely will not be a ‘swift V-shaped recovery like we saw at the outset of the pandemic,’ and instead recommended that they evaluate their companies for costs that could be slashed.”

From News 18. “Popular startups in India including Unacademy, Cars24 and Vedanta, have let go of over 5,000 employees in India this year. Ola has laid off about 2,100 employees during January-March this year, followed by Unacademy (over 600), Cars24 (600) and Vedantu (400). This apart, e-commerce firm Meesho has laid off 150 employees, furniture rental start-up Furlenco 200, influencer-led social commerce start-up Trell 300 employees and OkCredit has let go of 40 employees.”

“Recently, in a letter to employees, Unacademy co-founder and CEO Gaurav Munjal has said, ‘We must learn to work under constraints and focus on profitability at all costs. (Funding) winter is here. We must change our ways. We will focus on organic growth channels instead.’ He added that some people are predicting that this funding winter might last 24 months. ‘We must adapt. This is a test for all of us. We must learn to work under constraints. We must focus on profitability at all costs… We must survive the winter.'”

From Reuters. “In Toronto’s far-flung suburbs, just a few months ago a typical three-bedroom house would have fetched 40 offers on bidding night and sold well over the asking price. Now, home-buyers have become hard to find. ‘You’re not getting the bidding wars anymore,’ said Tim Keung, chief executive of TimSold Real Estate, a local agency. ‘A lot of buyers are … sitting on the sidelines, waiting for this big correction to happen.'”

“They are not alone. A decade-long boom in housing prices from the United States to Europe and Asia is facing its first real test as borrowing costs rise and high inflation eats into households’ budgets. Beyond Toronto, home prices are already falling in some of the places that have seen the biggest appreciation, such as China, New Zealand and parts of Australia. Growth has slowed in Singapore and South Korea and volumes are dwindling in the United States and Poland.”

“In Poland, where such loans are the norm and the central bank has raised rates from 0.1 per cent to 5.25 per cent since October to stem now double-digit inflation, the government is stepping in to help borrowers via payment holidays. In the northern town of Rotmanka, 31-year-old office worker Maciej Kawka has seen the monthly mortgage payments on his small flat rise by 18 per cent since he took out the mortgage in 2018. He now pays 1,650 zlotys (US$384.62) a month.”

“However, he expects payments to increase to 1,800 to 1,900 zlotys when the latest two central bank hikes are factored in, further pressuring his finances which are also being squeezed by surging energy and food prices. ‘Our budget will be much tighter: No holidays, nothing that goes beyond day-to-day life,’ Kawka, who lives with his wife and daughter, said. ‘But if (rates) keep rising I don’t know what will happen.'”

“Canada and New Zealand show how fast that can change when higher rates cool demand. ‘Right now, if there are 10 things on a buyer’s wish list and the house doesn’t have eight of them, they’re just going to pass,’ said Brad Goetz, an agent at Canada’s Right at Home Realty. ‘Where prior to this, it was just like, ‘Hey, it has four walls and a kitchen and a bathroom. We’re good.'”

The Globe and Mail in Canada. “Toronto-Dominion Bank economist Rishi Sondhi forecasts a double-digit percentage decline in the national average home price over the March to December period this year. Bank of Montreal senior economist Robert Kavcic predicts a 10-per-cent to 20-per-cent drop in the home price index in certain regions. ‘When we speak of housing correction it’s not a question of if, but where, how much and for how long,’ Mr. Kavcic said in a research note. ‘Suburban markets in Ontario look shakiest,’ he said.”

“Realtors have described a sudden change in buyer sentiment. Some homes are not fetching any offers and sitting on the market for upward of a month. That is in contrast to the first two years of the pandemic when homes drew dozens of bidders and sold for hundreds of thousands of dollars over the listed price. ‘The pandemic housing boom is clearly winding down. Bidding wars are easing and prices are beginning to flatten,’ said Phil Soper, chief executive officer of Royal LePage. ‘When markets overshoot as they have for the past two years, they correct.'”

From News.com.au in Australia. “A Queensland family has been left reeling after learning that their $18,177 home deposit is in jeopardy because the building company has gone bust. Mum-of-two Ashley Wu, 38, and her husband, bought a vacant lot in Ipswich, 40km from the Brisbane CBD, in October last year. They planned to build a dual property for $363,500 and signed with Gold Coast-based construction firm Pivotal Homes. But late on Thursday, managing director of Pivotal Homes, Michael Irwin, revealed that the company had collapsed.”

“The future of Pivotal Homes’ more than 200 new home builds has now been thrown into chaos, including that of Ms Wu. ‘I don’t know what to do now,’ she told news.com.au. ‘I don’t know what’s going to happen, I really hope we can get the money back.'”

“Ms Wu was especially blindsided by the shocking announcement because just a day earlier, she had been negotiating a new price for the build and had come to an agreement, in what she says must have been a sign that staff had no idea of the company’s impending demise. Indeed, Pivotal Homes’ sales manager Tom Egan told news.com.au that he and the company’s 15 other workers were corralled into a boardroom around lunch time on Thursday, where they were all terminated on the spot.”

“Earlier this year, Pivotal Homes asked Ms Wu if she would fork out an extra $34,000 for her $363,500 build. Ms Wu consulted with her solicitor, who said legally she didn’t have to pay them any extra because the contract was fixed. But understanding the stress the building sector was under, Ms Wu negotiated with the company and ended up agreeing to pay an additional $24,000. On Wednesday, they finally reached an agreement, which is why the land owner was confused to hear that just a day later the company had gone bust.”

“Staff were also asking Ms Wu to sign off on drawing contracts that could then be sent to the local council less than 24 hours before the company officially went under. ‘I really regret buying this [land] to be honest,’ she said. ‘I should have bought something that was already built. I’m very scared to build now.'”

This Post Has 139 Comments
    1. Wonder what ailment someone might catch inside that tear down? And that is the dry side of the big Island.

    2. “…The cheapest is $475K…”

      Grab this one before the termites do.

      Special bonus: Your property may in the way of a future lava flow. (Realtor secret – Don’t worry be happy)

      From Google:
      Are termites a problem in Hawaii?

      Termites are a major concern for Hawaii residents. These pests can cause severe structural damage in a short period. People are unaware of their presence until the damage is done.

      Seven termites currently found in Hawaii.
      FORMOSAN SUBTERRANEAN TERMITE.
      INDO-MALAYSIAN DRYWOOD TERMITE.
      WESTERN DRYWOOD TERMITE (Incisitermes minor)
      WEST INDIAN DRYWOOD TERMITE (Cryptotermes brevis)
      LOWLAND TREE TERMITE (Incisitermes immigrans)
      PACIFIC DAMPWOOD TERMITE (Zootermopsis angusticollis)

  1. ‘understanding the stress the building sector was under, Ms Wu negotiated with the company and ended up agreeing to pay an additional $24,000’

    They saw a sucker coming a mile off.

  2. ‘Bank of Montreal senior economist Robert Kavcic predicts a 10-per-cent to 20-per-cent drop in the home price index in certain regions. ‘When we speak of housing correction it’s not a question of if, but where, how much and for how long,’ Mr. Kavcic said in a research note. ‘Suburban markets in Ontario look shakiest’

    I need to get a predicting job in K-da, cuz this sh$t already happened, over a month ago and ongoing. Easy money.

    1. what is a little interesting is the mix of falling prices. Townhouses have fallen the most, then detached, and surprisingly falling the least %wise are used condo units.

      I definitely did not predict this – and am unsure of the reasons

  3. ‘Maciej Kawka has seen the monthly mortgage payments on his small flat rise by 18 per cent since he took out the mortgage in 2018. He now pays 1,650 zlotys (US$384.62) a month’

    ‘However, he expects payments to increase to 1,800 to 1,900 zlotys when the latest two central bank hikes are factored in, further pressuring his finances which are also being squeezed by surging energy and food prices. ‘Our budget will be much tighter: No holidays, nothing that goes beyond day-to-day life,’ Kawka, who lives with his wife and daughter, said. ‘But if (rates) keep rising I don’t know what will happen’

    Better get some boxes Maciej.

  4. “The mounting financial bloodbath on Wall Street and in the tech sector will eventually be felt throughout the ‘real’ economy in New York. Layoffs are an obvious measure of distress:”

    I’ve watched the stock market as a spectator sport since 1987, and this I don’t fully understand: Why does a stock market correction, such as the one currently underway, frequently portend a recession?

    “Just ask any of the ex-employees of Better.com, a mortgage lender based at the World Trade Center that fired 900 workers a few weeks ago on a Zoom call that lasted all of 12 minutes. The slowing of the mortgage market that contributed to the bloodbath at Better.com is not over.”

    Maybe it’s time for a new moniker. I suggest Worser.com.

  5. Good Monday morning and happy Memorial Day HBB!

    Linked from Revolver News, because housing –> property taxes –> public education, which is pushing the globalist agenda of supporting these freaks:

    “It is far from an exhaustive list – these are just some examples of which I’m aware – but there are almost 100 names on it. I’d like to ask all those shouting at us to be ‘inclusive’, how many victims do you deem acceptable collateral damage for prioritising male feelings over women’s safety?

    With each case described in more detail below, here are 98 examples of trans-identified males who have raped, assaulted, abused and/or murdered women and/or children.”

    https://grahamlinehan.substack.com/p/this-never-happens?s=r

    And if your property taxes weren’t enough, your income taxes also get to pay for their sex change surgeries in prison 🙂

    This is the Democrat Party.

    “They’re not sending their best”

    1. trans = severely mentally ill

      When people are severely mentally ill, you don’t coddle and cater to that mental illness, you try to help them recover as best as possible. You don’t encourage a schizophrenic’s symptoms. Encouraging trans people is wrong.

    1. There are no Democrats and Republicans anymore, only globalist warmongers hell-bent on destroying the USA. Nancy Pelosi and Mitch McConnell should be executed for treason.

  6. ‘Several top brokers in Naples say the shift indicates the Naples area housing market is redefining itself. Another major factor that signified the market was self-correcting to a new normal in April were the 549 price reductions (33 percent of the inventory) during the month. The report also showed 1.5 months of inventory, the highest level since March 2021’

    I mentioned the Naples REIC is a well oiled machine when it comes to spin, and they are telegraphing a$$ poundings. This again points to the uselessness of days on market. Why would you be a sawin and a slashin if you just need to wait a week to get yer price?

  7. ‘We can see that April 2022 was still higher than 2018 and 2019, and so instead of seeing the number from this year as bad, it again just shows how great 2021 was’

    It’s a good thing you saved yer pennies from 2021 Andy.

    ‘People are still moving here, and our population is still growing. We still have to build and sell homes. It’s not a reset. Nobody is panicking and talking about dropping prices or offering incentives just because of a few weeks of lighter sales’

    Sure Nat, and you’ll hose recent buyers at the drop of a hat.

  8. Does it seem like the series of quarter point rate hikes central bankers are deploying will prove too little, too late to stop a runaway train of inflation in its tracks?

    1. The Financial Times
      Oil
      Oil price breaches $120 a barrel on supply concerns
      Brent crude hits 2-month high but remains well below its all-time record of $147.50
      Opec signage
      The Opec+ group, which meets on Thursday, is expected to keep to its plan of raising production by about 400,000 barrels a month
      David Sheppard, Energy Editor
      2 hours ago

      Oil rose higher than $120 a barrel on Monday as tightness in refined fuel markets and concern over supplies from Russia propelled prices to the highest level in two months.

      Brent crude, the international benchmark, hit a two-month high of $120.50 a barrel in early trading, up 1 per cent ahead of the July contract’s expiry on Tuesday. US benchmark West Texas Intermediate rose by a similar amount to more than $116 a barrel. The Brent contract for August delivery was up 0.5 per cent at $116.20 a barrel.

      The move comes as refined fuel prices such as diesel and gasoline have been boosted by tight supplies at key delivery hubs.

      Lower exports of diesel from Russia, which many western companies are shunning or cutting back on following the invasion of Ukraine, have tightened markets even more so than crude.

      The gas oil contract in Europe, a proxy for diesel and other distillates, is trading close to record levels near $1,200 a tonne.

      Sky-high product prices mean motorists in many countries are paying record prices for diesel and gasoline even as crude was still well below its all-time high of $147.50 a barrel, which it hit in 2008.

    2. The Financial Times
      European Central Bank
      Quarter-point rate rises will be ECB’s ‘benchmark’, says chief economist
      Philip Lane builds on Christine Lagarde’s attempt to rebuff hawkish calls for swifter normalisation of monetary policy
      Philip Lane
      ECB chief economist Philip Lane says the process of removing its stimulus ‘should be gradual’
      Martin Arnold in Frankfurt
      2 hours ago

      The European Central Bank’s chief economist has said quarter-percentage point interest rate rises in July and September will be its “benchmark pace”, rebuffing calls for a bigger increase to end its negative rate policy instantly this summer.

      Eurozone inflation is expected to hit a new high of 7.7 per cent when figures for May are published on Tuesday — nearly quadruple the ECB’s 2 per cent target. But its chief economist Philip Lane said the process of removing its stimulus “should be gradual”.

      “Normalisation [of monetary policy] has a natural focus on moving in units of 25 basis points, so increases of 25 basis points in the July and September meetings are a benchmark pace,” he told Spanish business newspaper Cinco Días.

    3. The Financial Times
      Management
      Cost of living crisis: how employers are stepping in to help
      Business leaders start to target more support towards lower-paid staff
      Emma Jacobs and Delphine Strauss yesterday

      Nicola Ryan is concerned about rising inflation. Not just the impact of price increases on her personally, or on her employer One and All, a school uniform maker based in Stockport, north-west England. She’s worried about the impact on all her co-workers who are trying to manage their household budgets. “We’re in a real crisis,” says Nicola, who is director of colleague support. “We know [staff are] really worried.” The summer months will be relatively easy compared with October, when the “pinch-point will be rising [energy] bills”.

      One and All has increased wages by 4.5 per cent for everyone except directors — an increase that would look generous in normal times, but now falls short of UK inflation, which hit 9 per cent last month and is expected to reach double digits in the autumn. But the company is doing its best to target help towards those in lower-paid roles, including manufacturing and warehouse work.

      It has increased the profit share for all staff, which it expects to be worth more than £2,000 per person this year, and set up an emergency fund to help those who are struggling. “We were really honest and said this was due to the cost of living crisis,” says Ryan. “We are preparing for October.” This is on top of existing interest-free crisis loans for unexpected bills such as a boiler breakdown and free financial management advice. One and All is accredited by the charity Living Wage Foundation (which sets its “real” living wage at £9.90 an hour in the UK and £11.05 in London) and is also committed to “real living hours”, guaranteeing predictable shifts of at least 16 hours a week.

    4. No worries. Brandon is meeting with Jerome Bowel to discuss the economy this week, and how they can lie a little more to assure everybody inflation is well in control, and behind us. Meanwhile, the rape at the gas pump and grocery store will continue to deplete already near empty wallets. FJB.

  9. Today is Memorial Day?

    How many Americans died in war, only to have our national sovereignty stolen by unelected globalists?

    Did somebody say unelected globalists?

    Russia Today — Ukraine calculates financial aid from West (5/29/2022):

    “Ukraine needs at least $5 billion in aid each month to cover the state budget deficit amid the current crisis. She reiterated previous calls from President Volodymyr Zelensky for this aid to be provided by Kiev’s Western partners.

    Last month, Zelensky addressed the World Bank and the IMF, saying his country has already suffered more than half-a-trillion dollars’ worth of damage and needs around $7 billion in aid every month to stay afloat.”

    https://www.rt.com/business/556287-ukraine-west-help-russia-operation/

    I will never “stand with Ukraine” because I am a United States citizen.

    Russia Today publishes more truth than the New York Times and the Washington Post, because the latter two are globalist scum media.

    Russia is winning.

    1. This morning I saw headlines with the globalist euro scum pleading with Putin (aka Hitler) to negotiate with the dancing cowgirl. You see how they spin it? One day it’s ‘we’re killing Russian generals left and right!’ to ‘please don’t kick dancing cowgirls a$$!’ As if it wasn’t Putin calling for negotiations all along.

      BTW generals haven’t gone to the front lines in centuries.

      1. BTW generals haven’t gone to the front lines in centuries.

        I would love to see B!tch McConnell strapped to the front of a tank along the front lines of Ukraine, with Nancy Pelosi right next to him on another tank. Let’s see them soil themselves with sh!t dropping out of their pant legs as they wage war.

        1. The point is that these people are so brave as they pledge the lives of the young from the comforts of their mansions, bought and paid for by the blood of US soldiers and their families, and the taxed labor of the American people. Our system is broken.

          1. I like both of these posts.

            As nice as it would be to send Pelosi and McConnell to the front lines of the globalist war they are enabling, I’d like to see their children and grandchildren there first, boots on the ground, marching straight into entrenched Russian defensive positions.

            And even better would be if we could get a split screen live feed, one half being the children and grandchildren live streaming their own deaths, and the other half of all the War Pigs of Congress watching their children and grandchildren die, and their live, real time reactions.

            It will never happen, but one can only dream…

      2. generals haven’t gone to the front lines in centuries.

        I believe that the Russian officers, including “generals” do indeed go to the front lines alongside their men. I could be wrong of course, but they have different ideas about how things work.

        1. “I could be wrong of course, but they have different ideas about how things work.”

          Visits are more likely when things are not working as planned.

    2. https://morningporridge.com/blog/blains-morning-porridge/ukraine-a-new-narrative-as-europe-unravels/

      Inflation, recession and negative growth are all on the cards. In such a situation its hardly surprising the temptation to try to lessen the economic damage being done across Europe by soaring energy prices on the back of Russian sanctions is rising. The edifice of a solid and united Europe standing firm behind the plucky Ukrainians is only a couple of microns deep. There is a very real chance it will crack in the coming weeks.

      June could be the month it happens and becomes apparent, potentially making a bad situation dramatically worse.

      The news out of Ukraine is not good.

      Russia has a history of starting wars badly. The parallel everyone cites is the Winter War against Finland in 1940. They lost thousands of men unprepared for winter or the Finns, were forced to retreat before effectively starting again and forcing Helsinki to concede. There is no doubt the Russians have taken a pasting in Ukraine as a result of flawed intelligence, the corruption of the FSB (where the team charged with a $2 bln hearts and minds campaign simply trousered the money themselves), and a lack of logistics planning.

      Umpteen generals later, and they are learning the hard way. They are now focused. The recent advances in the Donbas are still plodding, costly, slow and utterly destructive, but they are being described as solid by the military commentators who know these things.

      1. In other words; the people of the Donbass are fighting for their lives and freedom against the Ukraine regime. They welcome help from Russia and are winning.

    3. The Last Refuge: Western Media Confirming Russia Solidifying Gains in Eastern Ukraine Donbas Region

      The Associated Press [HERE] and more importantly the U.S. Intel Community outlet, the Washington Post [HERE], are beginning to change direction in their narration of the war in Ukraine.

      Both sources of information are starting to position Eastern Ukraine as a lost cause, with the Washington Post giving specific examples of conscripted Ukraine fighters who are abandoning the effort in the donbas region.

      Even the Washington Post admits the Ukraine central government is desperate to push morale boosting propaganda which seems constructed from the efforts of the U.S. State Dept, specifically the intelligence community within it. “Videos of assaults on Russian tanks or positions are posted daily on social media. Artists are creating patriotic posters, billboards and T-shirts. The postal service even released stamps commemorating the sinking of a Russian warship in the Black Sea.”

      These examples are targeted toward a western audience and likely not being carried out by independent Ukraine government operation in Kyiv. Promoting the image of Ukraine is a construct of the U.S. state dept and U.S. intelligence.

      The global impression of Ukraine must remain elevated to continue the U.S. proxy war against Russia. However, as noted, the WaPo is starting to shift the goal posts and expectations away from a Russian defeat in the donbas region.

      1. Clearing the Donbas region would involve an artillery and airstrike barrage on a scale the Russians have demonstrated, and that would come with a high Russian civilian cost, and there’s no acceptable reason for that to happen. And there were the international Minsk agreements around the time Malaysia Airlines Flight 17 was shot down, IIRC.

  10. I’m going to enjoy seeing the globalist Quisling regimes in Australia, New Zealand, and Canada get hit with bursting housing bubbles.

    Mortgage meltdown torches New Zealand’s housing market

    https://www.macrobusiness.com.au/2022/05/mortgage-meltdown-torches-new-zealands-housing-market/

    The latest mortgage data from the Reserve Bank of New Zealand (RBNZ) paints a worrying picture for the nation’s housing market.

    This month’s RBNZ Financial Stability Report showed that fixed mortgage rates have already soared above pre-pandemic levels, with floating rates playing catch-up.

  11. The SCOTUS, like all of our institutions of governance, has been subverted and captured by the globalists. These black-robed frauds have already turned a blind eye to eviction moratoriums, vaccine mandates, and lockdowns. It’s a matter of time before they annul the 2nd Amendment, without which the rest of our rights aren’t worth the paper they’re printed on. Forward, Soviet!

    A Supreme Court justice’s solution to gun violence: Repeal Second Amendment

    https://www.msn.com/en-us/news/us/a-supreme-court-justice-e2-80-99s-solution-to-gun-violence-repeal-second-amendment/ar-AAXPhQV

    Four years ago, when — as now — the nation was reeling from the horror of a mass school shooting, a retired Supreme Court justice suggested a radical solution: getting rid of the Second Amendment.

    John Paul Stevens issued the call after 17 people were killed at Marjory Stoneman Douglas High School in Parkland, Fla., in February 2018. The attack prompted hundreds of thousands to demand action the next month to end gun violence at the March for Our Lives.

    1. At least it’s a suggestion consistent with the constitution.

      Rather than subverting it via “executive orders” or unconstitutional laws, amending the constitution (by repealing the amendment) would be the legitimate path.

      Not that I agree with that path…

      1. Please provide a list of the THIRTY EIGHT states of whose legislatures’ approval would be required to ratify this.

        I’m not asking you, specifically. Can anyone name all thirty eight of these states?

        1. No, drumminj is right. He’s not saying it will happen. He’s just saying that it’s a legit process.

          1. Elections used to be a legit process too. Until they weren’t. Globalist agenda-pushers have a way of circumventing or usurping “legit” anything.

          2. Once the “legit” threshold is crossed (2020 stolen election) all cards are on the table. Including targeted reprisals.

          3. No, drumminj is right. He’s not saying it will happen. He’s just saying that it’s a legit process.

            In order to believe that, one would have to believe that the Supreme Court itself is legit, which I don’t. It’s been captured by woke, globalist pigs just like everything else. Recall the “conservative” John Roberts squealing “they’ll start rioting!” The rule of law is gone.

    2. Globey and all its lemmings never say *WHO* will conduct the grabbing.

      Who? Answer the question, Globey. Who will go door to door to grab each of the 300+ million guns owned by American civilians?

      They? Them? Those? Specifically, who?

      The UN? NATO? Autonomous drones?

      Answer the question, Globey…

      1. They don’t have to take your guns anymore. All they have to do is shut off your bank account, like Trudeau did. They’ll just leave you alone in your house as your utilities are shut off and you can’t buy fuel or food or nails. Storekeepers will not accept your silver; more likely they will turn you in for a richer reward from the state. How long will you and your wall of gunz last?

        1. Once the central banks roll out their digital currencies, the corporate state’s surveillance and control will be complete, with the non-compliant cut off from the financial system and subject to having their funds frozen or expropriated at will.

          1. Actually more like 98% lives outside DC metro, but who’s counting. Sure, tell me about Rural America, F Yeah. How long can those rural folks operate without buying anything? Days, weeks? And how would you buy something without cash or an electronic bank account? Silver coins? Even, say, 20 pounds of silver stashed will last you a year at best. And what shop owner is going to accept those coins and risk having HIS funds cut off by accepting non-approved funds? Not to mention national chains like Tractor Supply.

            All I’m really saying is that the old trope of “I have gunz, molon labe,” just doesn’t work anymore, no matter how much you want it to. No, I think the most promising course of action is to oversee the elections — like that NYT atricle was griping about — and hope to keep things free within current processes. I know, not very Rambo-sexy, but what else is there.

          2. tell me about Rural America, F Yeah

            I was busy yesterday. I went early to a guy’s house and tore into his two outboards to change the water pump impellers. Last time I saw him I came home with frozen Walleye fillets. His wife made lunch and sent me home with dinner. I stopped by another guy’s house that was on the way home to pick up two sections of Osage Orange log that a friend from Rochester had dropped there for me. I was stopping to buy some freshly brewed coffee beans. He gave me a KitchenAid Pro Line burr coffee grinder NIB. Wouldn’t take any money for it. Thanked me for doing a demonstration at a craft fair last year (for which I would only accept a Thank You). Naturally, I had my 20 bag of silver with me but didn’t open it. OK, a few bucks for the coffee beans. If I had a jug of homebrew with me, that would have been better. Next time. Tomorrow I’m doing some wiring on a boat. My boat, but it could just as well be someone else’s.

            Metro DC girl, we love your banking system! We also love all the things you give us permission to do because we don’t want you to be displeased with us and lock us up! If anything were to happen to your benevolent governance we would be so sad and helpless.

            BTW, if you have enough real money (AKA silver) to buy a year’s supplies you don’t just spend it to exhaustion, you go earn some more. Easier if you have a community and have learned to do some useful things over the years.

        2. Cutting off food and energy is effective extortion to force people to comply with whatever the demands
          of the powers that be are.
          They will start out with rationing , than move to more demands . Lockdowns are a form of forced prison , under the pretense of any emergency being health, famine, energy crisis, you name it.
          I feel like they will awake the sleeping giant of humanity, who will reject their New World Order in the long run.
          The New World Order was highly ambitious by a small group of highjacker Elite, that are taking on 7 or 8 billion people , who have nothing to gain by being enslaved.

        3. I can only imagine how many people under such circumstances would use their weapons against the people they deemed responsible for trying to starve them to death. I certainly would.

      2. “The View” hosts are the most vapid & useless of all the globalist media mouthpieces, and their audience is comprised exclusively of empty-headed harpies who vote their emotions – but globalist angles of attack are often disclosed by such creatures.

        ‘The View’ Hosts EMOTIONALLY React to Texas School Shooting

        https://www.youtube.com/watch?v=gxBrS5gZapU

      3. 300+ million guns owned

        I guess that statistic is from gun registries. I have no personal knowledge of it, but I suspect a significant fraction of existing “guns” aren’t on any stinking registry.

  12. ‘Higher rates are also limiting homebuyers’ ability to significantly bid up home prices, meaning some homes aren’t selling for as much over the asking price as they would have a year ago,’ said Daryl Fairweather, Redfin’s chief economist.”

    It’s getting harder and harder for you REIC shills to drum up that false sense of urgency, Daryl. Nice try, though.

  13. How many of these “staff shortages” are due to vaccine mandates and unbridled corporate greed in the name of “shareholder value”? When will the sheeple decide they’ve had enough of this Third World inefficiency?

    Half-term holiday hell: EasyJet plane runs out of FUEL, drops passengers at Luton but sends all their bags to GATWICK because of ‘staff shortages’ – as airport anarchy causes FIVE-HOUR queues and leaves families sleeping on floors

    https://www.dailymail.co.uk/news/article-10867123/Half-term-getaway-hell-continues-Passengers-face-huge-queues-Bristol-Gatwick-4AM.html

    Furious passengers have revealed their holiday hell with planes reportedly running out of fuel, luggage bungles and families being left to sleep on airport floors as chaotic scenes continued to plague Britain’s airline industry at the start of half-term week.

    Airports from Bristol to Manchester have reported huge queues of up to five hours as half-term travel hell began early on Monday, as the aviation industry continues to buckle under a surge in demand and last-minute bookings.

  14. Every Asian-American D-voter is an accessory to this.

    Police are investigating video circulating on social media showing three people holding down and brutally beating an Asian man inside a lower Manhattan subway station

    https://www.dailymail.co.uk/news/article-10867381/Police-investigating-video-showing-three-men-beating-Asian-man-inside-Manhattan-subway-station.html

    Police in New York City are investigating a video circulating on social media showing three people holding down and brutally beating an Asian man inside a lower Manhattan subway station.

    The video, which was filmed at Fulton Street station, shows one man restraining the Asian man next to a metal pillar whilst another two take it in turns to punch him in the head.

  15. That is an almost 39% drop in sales transactions year-over-year… that is a whole heck of a lot of agents who didn’t get a sale last month!

    Starving realtors might not be inclined to waste their time with greedhead sellers and their wish prices.

  16. Happy Memorial Day HBB!

    Sorry for using YT link, but this is too good not to share.

    Biden touching girls compilation (RAW CSPAN FOOTAGE):

    https://www.youtube.com/watch?v=V4PLSPvJ9BY

    12 minutes 15 seconds of raw C-SPAN footage.

    Remember when this pedophile and serial sexual predator said on stage “I am the Democratic Party” ?

    In case you forgot:

    https://www.pbs.org/newshour/politics/watch-right-now-im-the-democratic-party-biden-says-during-first-presidential-debate

    This is the Democrat Party.

    “They’re not sending their best”

  17. First-time Brit homebuyers who overextended themselves financially to get up on that housing ladder – cuz real estate only goes up – might soon have to choose between paying their mortgage and putting food on the table.

    Even the CHEAPEST pasta rockets 50% in price with crisps, bread, beef mince and rice also soaring – but prices for value potatoes and cheese go DOWN as new study lays bare supermarket shop pain

    https://www.dailymail.co.uk/news/article-10867665/ONS-study-reveals-supermarket-shop-costs-price-pasta-bread-soaring.html

    The cost of pasta rose 50 per cent over the past year while the price of crisps, bread, beef mince and rice also soared as Britons suffer a cost-of-living crisis, new research has shown.

    An Office for National Statistics study – based on the price of lowest-cost products – revealed how a 500g pack of beef mince now costs 32p more than it did 12 months ago, while a 500g pack of pasta is now 17p more expensive.

  18. The German sheeple, having learned nothing from the experience of the Weimar Republic, continue to elect globalist stooges. Now they’re getting exactly what they voted for, good & hard.

    German inflation reaches highest in nearly 50 years

    https://www.marketwatch.com/story/german-inflation-at-highest-in-almost-50-years-271653912851?mod=mw_latestnews

    Germany’s annual rate of inflation has risen in May at a faster pace than in April, beating forecasts and posting the highest reading since December 1973, according to preliminary data released by German statistics office Destatis on Monday.

    Consumer prices rose 7.9% on year measured by national standards, against the 7.5% forecast by economists in a Wall Street Journal poll. They rose 8.7% on year by European Union harmonized standards, above economists’ forecast of 8.1%.

  19. The New York Times is globalist scum media.

    New York Times — Lawyer Who Plotted to Overturn Trump Loss Recruits Election Deniers to Watch Over the Vote (5/30/2022):

    “In a hotel conference center outside Harrisburg, Pa., Cleta Mitchell, one of the key figures in a failed scheme to overturn Donald J. Trump’s defeat, was leading a seminar on “election integrity.”

    The 2020 election was stolen.

    “We are taking the lessons we learned in 2020 and we are going forward to make sure they never happen again,” Ms. Mitchell told the crowd of about 150 activists-in-training.”

    The 2020 election was stolen.

    “In the days after the 2020 election, Ms. Mitchell was among a cadre of Republican lawyers who frantically compiled unsubstantiated accusations, debunked claims and an array of confusing and inconclusive eyewitness reports to build the case that the election was marred by fraud.”

    The 2020 election was stolen.

    “Courts rejected the cases and election officials were unconvinced, thwarting a stunning assault on the transfer of power.”

    The 2020 election was stolen.

    “Now Ms. Mitchell is prepping for the next election. Working with a well-funded network of organizations on the right, including the Republican National Committee, she is recruiting election conspiracists into an organized cavalry of activists monitoring elections.”

    https://archive.ph/TUqIi

    No Glowie, but just imagine (I said imagine) if instead of those dumb kids shooting up a grocery store or a school, they shot up the New York Times newsroom?

    No Glowie, just some idle speculation…

    1. Cleta Mitchell, one of the key figures in a failed scheme

      Key figure? We on HBB spent months discussing the aftermath of the election and I’ve never heard of her. And this part is glossed over:

      Once a liberal Democrat in Oklahoma, Ms. Mitchell has been a fixture in the conservative movement.

      When/why did she red-pill? Nobody at NYT asked?

      1. Had a brief chat yesterday with a libtard neighbor who had the catalytic converter on her Lexus hybrid hacksawed off in the middle of the night…she is livid, as a replacement will run about $4K and the garage can’t tell her when the part will come in. I thought about extolling the Democrat virtues of redistribution of the wealth, but she clearly wasn’t in the mood. The seed has been planted – the rage was mighty in that one, and she had some choice comments for the non-Amish perp who was caught on video.

        1. I know my insurance will pay for a rental car for at least 30 days but it can be daily if I need one. You should check your insurance some of you might already have it or pay a few dollars a month just like full glass coverage

  20. No Duty to Protect

    https://amgreatness.com/2022/05/28/no-duty-to-protect/

    After what happened in Uvalde, why on earth would anyone give up their weapons and trust to police to do anything?

    “If I thought it would help, I would apologize.”
    — Texas Department of Public Safety Director Steven McCraw, May 27, 2022

    The May 24 massacre in Uvalde, Texas, outrages the conscience, though not for the facile and stupid reasons spewed by every prominent Democratic Party politician, half-witted newspaper columnist, and vapid television talking-head.

    Liberals and other simpering dunderheads make fetishes of objects, focusing on the tool rather than the tool’s misuser. “Nobody needs an AR-15,” goes the refrain, when needhas nothing and right has everything to do with it. “But the tool is so easy to misuse and abuse!” comes the ovine rebuttal, when we know as a matter of fact the tool is used in a small fraction of violent crimes.

    1. “Nobody needs an AR-15,”

      Ironically, the Ukers need $40 Billion worth of them in order to save Democracy and Freedom!

      Logical disconnect.

  21. The Washington Post is globalist scum media.

    Washington Post Editorial Board — This Memorial Day, remember the young lives cut short (5/29/2022):

    https://archive.ph/AgNRy

    No article excerpt needed, but I will not that it references the recent school shooting in Texas.

    The Washington Post are globalist scum media. That is who President Donald J. Trump was correctly describing when he stated that “the media is the enemy of the American people.”

    If you lost a family member in war, the Washington Post is trivializing their death by using Memorial Day to advocate for the end of the Second Amendment.

    No Glowie (seriously, no Glowie) but hey kids, don’t shoot up a grocery store or a school 🙁

    Remember the scene in House Of Cards (USA version) where Frank Underwood pushes journalist Zoe Barnes in front of a train?

  22. Nancy Pelosi says her husband being arrested for something that kills 1000 children in the United States every year is a “private matter”.

    1. In her husband’s defense, if I was married to that vile corrupt booze hag, I’d be drunk every waking hour.

      1. “DailyMail.com obtained his arrest report…”

        Back when I was living in California some businessman was running for a local office, and he dropped some serious money toward his campaign. About two weeks before the election a wily reporter bribed a teenager working at a local video rental for a printout of this businessman’s porn rental history, and his editor published it on the front page. Election and marriage, poof!

    2. I told my wife that if I were married to Nancy Pelosi, then I would drink too much as well.

  23. Between vaccine mandates and minimal staffing to maximize “shareholder value,” air travel has become a hellish experience.

    Flight cancellations: The airline industry has one job, but it’s failing miserably this weekend

    https://dnyuz.com/2022/05/28/flight-cancellations-the-airline-industry-has-one-job-but-its-failing-miserably-this-weekend/

    Per CBS News, more than 1,200 US flights were canceled as of Saturday afternoon. Delta was performing the worst on that score among US airlines, with some 9 percent of its operations (more than 240 flights) eliminated for the day. Moreover, Delta’s largest hub at Hartsfield-Jackson International Airport in Atlanta is having an especially tough time, it seems. Five percent of all Delta flights there were canceled, with 7 percent delayed.

    1. The inter-modal container and passenger transportation industry is a miserable way to earn a living.

      1. I downed two “beyond meat” burgers yesterday afternoon along with some Bush’s beans, and chased it with a 20-oz local dark beer. All day Saturday, my son and I removed a stump using shovels, trowels and a large Sawzall with a 12″ demolition blade to cut its many roots. Then yesterday, Sunday, we spent all day replacing the rusty 35-yr old leaf springs in one of my son’s pickups with a custom set made in Spokane. I have to say, penetrating oil ranks up there with the invention of the wheel.

        1. Busy weekend for you! How was the fake meat burger?

          Yesterday I grilled a couple of wagyu tri-tip steaks I had in the freezer, after a day of bush hogging and digging a water drainage trench in packed clay with a pick-axe and hoe. Today’s a “rest” day, cleaning and sharpening the chainsaws.

          Materials for the workshop build get delivered tomorrow

          1. “How was the fake meat burger?”

            They’re pretty good, but I’m a hot mustard and onion guy, which could conceal almost anything. But my son likes ’em too. My wife and visiting daughter don’t eat hamburgers. We rarely eat red meat in our household, so it’s ground turkey or “beyond meat” when it’s hamburger time.

          2. Fake eggs…..ju.st eggs……..got a free sample tasted good added some cheese until a few hours later, the gaseous aroma filled our apartment….ingredients it’s made of beans

          3. digging a water drainage trench in packed clay with a pick-axe and hoe

            Decades ago, I did such things. The guy from the gas company told me he had never seen a more neat, square, level trench dug in his entire life.

            Today, I would call my son to bring over the backhoe.

          4. Today, I would call my son to bring over the backhoe.

            Definitely the smarter way to do it, if you have one! I’m just happy to have a tractor to move buckets of dirt at a time

  24. New York Post — Luxury stores still limiting crowds post-COVID — and won’t admit why (5/29/2022):

    “roped-off customers can mostly thank a relentless epidemic of smash-and-grab robberies rather than social distancing for ramped-up crowd controls nationwide, including in New York, Chicago, Miami, San Francisco and Seattle.

    Luxury brands have managed to obscure the embarrassment of the situation partly because making it difficult to enter their stores “creates an aura of exclusivity,” says Steve Dennis, a Dallas-based retail consultant.

    https://nypost.com/2022/05/29/luxury-stores-still-limiting-crowds-post-covid-and-wont-admit-why/

    Sounds like a Democrat Party sh*thole city problem.

    “They’re not sending their best”

  25. Until I heard this story on the local news (which gets it’s propaganda from the same place that puts out the liberal talking points in the MSM every week) today, I didn’t even know there was a National Coming Out Day.

    From Wikipedia,

    National Coming Out Day (NCOD) is an annual LGBT awareness day observed on October 11, to support lesbian, gay, bisexual and transgender people (a.k.a. the LGBT community, sometimes also called the queer community) in “coming out of the closet”.[1] First celebrated in the United States in 1988

    https://en.wikipedia.org/wiki/National_Coming_Out_Day

    As I have made clear, I don’t care if someone is gay or a lesbian. I know fine people from both categories, it’s the in your face drag queen story hour BS that is meant to be weaponized that I object to.

    So, since my birthday is October 13 and unbeknownst to me I evidently dodged a bullet and to the best of my knowledge no one from the Leftist Woke Think Tank machine has made any claim for the LGBTQ community to this day, I would like to claim it as National LGBTQ Off Color Joke Day.

    So far I only have this.

    Did you meet the 2 gay guys who moved in down the street?

    Yup, Michael Fitzpatrick and Patrick Fitzmichael.

    1. A lot of the LGBBQ probably just want to be left alone.

      It’s the child groomers and the nasty nasty trannies that ruin it for them, creating an unfortunate guilt by association.

      1. Only 6-7 years ago, coming out as gay was plenty enough to get a teenager the support and street cred s/he craved. I wonder how many of them actually stayed gay once they matured past that awkward age. My guess is that most of them just experimented a bit and then quietly reverted to natural hetero. No biggie.

        Now it’s no longer enough to be gay. That’s old hat. Now you gotta be trans to get any street cred, which requires irreversible drugs and surgeries. Even worse, it could be mommy wanting the street cred, and the kids going along with it to please mommy. These moms are — potentially unwittingly — setting their kids up for decades of abuse and torture, and of course the kids know nothing. This is unconscionable.

        BTW, on Wednesday, the Daily Wire is releasing a documentary, “What is a Woman,” about this whole movement.

        1. “it could be mommy wanting the street cred, and the kids going along with it to please mommy.”

          Just when I thought thinking about a subject couldn’t get any worse.

          It got worse.

      2. A lot of the LGBBQ probably just want to be left alone.

        Judging by how many turn out for their “pride parades” I’m not so sure about that.

        1. I agree. Once in management positions the LGBTQ community sees fit to cancel and proselytize.

    2. My brother Bday is 10-13 too. Columbus Day
      My sister’s is 1-1 New Years Day
      Another sister is 9-6 Labor Day

      Mine? 5-30 Memorial Day. Those are holidays. No LBGTQ day, Immigrant day, or Juneteenth!

      I celebrate by watching Tora Tora Tora and remembering my grandfather who fought in the South Pacific.

  26. Woke up SAT morning to find thieves have stolen CAT converter of my old Honda. Long weekend ruined…calling insurance, getting rental, dropping off to mechanic, etc. The bottom line is Everybody you call/talk seems to be making money off of your pain….Amerikka what a country!

    1. The people who pay the bills are being squeezed between the Keynesian fraudsters at the Fed, who are destroying their purchasing power; the Brandon regime, which is forcing them to foot the bills for its never-ending votes-for-freebies rackets, and the criminal element given free rein by Soros-installed DAs and “woke” Democrat-Bolshevik municipal governments.

    2. “Woke up SAT morning to find thieves have stolen CAT converter of my old Honda.”

      That would really piss me off, sorry to hear that happened to you.

    3. “what a country!”

      Every day it only gets worse in Joe Biden’s America.

      The Colorado state legislature decriminalizing fentanyl in 2019 sure didn’t help the situation here.

    4. The metals recyclers are snickering a little. One of the local facilities actually offers cheap hot dogs and soda to all the tweakers who bring them stolen sh!t.

    1. They are cratering in the most recent period, in recognition that the Fed has lost its battle with inflation.

      Nobody wants to HODL low-yielding 30-year debt when inflation is running amok.

  27. KAMALA HARRIS
    Published May 29, 2022

    Vice President Kamala Harris called for a ban on “assault weapons” on Saturday after she spoke at the funeral of a woman killed in the Buffalo, New York grocery store mass shooting earlier this month.

    She called the firearm a “weapon of war” that has “no place in civil society.”

    Weapons of war

    “This was the most popular gun during the Civil War. The Springfield was a .58 caliber with a 40-inch long barrel. It was loaded through the tip of the barrel with gun powder to shoot a Minié ball. An experienced soldier could shoot up to 3 rounds per minute”

    1. Hey Kamala, ask George Custer about lever action rifles.

      The Henry Repeating Rifle

      Andrew L. Bresnan, M.S.
      The National Henry Rifle Company
      Chapter 5: The Henry On the Frontier

      Total production of the Henry repeating rifle was 14,094. These were produced from 1860 to 1866 or early 1867. Many of these rifles found their way West to the American Frontier. After the Civil War many soldiers who were armed with the Henry recognized the value of such a rifle on the frontier.

      One trick the Indians used was to draw the fire of their enemy, after their guns were empty and they were trying to reload, the Indians would rush them. This tactic worked for over a hundred years. But in 1865 one group of Indians were in for a surprise.

      Two former Union soldiers had kept their Henrys and took them with them into Blackfoot Indian country. They began mining borax, knowing it was just a matter of time before they were paid a visit by the Indians. That day did not take long in coming. One morning about 40 warriors dismounted out of range and advanced. Once they got in range, two of the Indians would show themselves hoping to draw the fire of the two miners. The miners caught on to what the Indians were trying to do. The miners fired their Henrys at the same time but only one round each. The Indians seeing that two shots had been fired decided to rush the miners, thinking they were reloading their “muzzle loaders.” The two miners waited until the Indians were within easy range and started a deadly rapid fire with the 15 remaining shots in each of their Henrys. Reloading, they chased the fleeing Indians and shot any of the wounded Indians that were left behind. After the shooting was all over, they dragged the dead Indians and piled them up out of rifle range and left them as a warning to any would-be attackers. The surviving Indians never bothered them again, they even named the Henry the “Spirit Gun.”

      1. The thing is ARs and ak-47s are just a start, they’re all “weapon of war” .

        Here is a rifle with an 8-round bloc clip, internal magazine that Patton called “the greatest battle implement ever devised”.

        From Wikipedia

        The M1 Garand or M1 Rifle is a semi-automatic rifle that was the United States’ service rifle during World War II and the Korean War.

        The rifle is chambered for the .30-06 Springfield cartridge and is named after its Canadian-American designer, John Garand. It was the first The rifle is chambered for the .30-06 Springfield cartridge and is named after its Canadian-American designer, John Garand. It was the first standard-issue autoloading rifle for the United States.[11] By most accounts, the M1 rifle performed well. General George S. Patton called it “the greatest battle implement ever devised”.[12][13] The M1 replaced the bolt-action M1903 Springfield as the U.S.’ service rifle in 1936,[14] and was itself replaced by the selective-fire M14 rifle on March 26, 1958.[15]

  28. Globalists gonna globe.

    Jacinda Ardern goes immigration hog wild

    https://www.macrobusiness.com.au/2022/05/jacinda-ardern-goes-immigration-hog-wild/

    This time last year, New Zealand’s Ardern Government vowed to end low-skilled, wage crushing migration via a “once-in-a generation” reset for New Zealand’s immigration system.

    It flagged a significantly smaller migration intake post-Covid focused on highly skilled, highly paid and productive migrants that fill genuine skills shortages. This meant abolishing the current low-skilled system, which allows businesses “to rely on lower-skilled labour and suppress wages rather than investing capital in productivity-enhancing plant and machinery, or employing and upskilling New Zealanders into work”.

    Toward the end of last year, the Ardern Government began backsliding on its commitment. It announced that 165,000 permanent residency visas (representing 3.3% of New Zealand’s population) would be handed out like tic tacs, which resulted in a record number of residency visas:

  29. Oh dear….

    Aussie banks tighten clamps around leveraged mortgage borrowers

    https://www.macrobusiness.com.au/2022/05/aussie-banks-tighten-clamps-leveraged-mortgage-borrowers/

    ANZ Bank this week said it would no longer accept loan applications from borrowers with total debts more than 7.5 times their income. Previously, the bank was prepared to consider applications from customers with debt-to-income (DTI) ratios of up to nine times.

    It follows a similar move from National Australia Bank, which this month cut its debt-to-income ratio limit from nine times to eight times.

    While both banks’ upper limits are still high, the moves are a sign of lenders seeking to cut their exposure to higher-risk lending as interest rates rise, ending a period of ultra-cheap debt and booming house prices…

    The Australian Prudential Regulation Authority regards DTI ratios of six times and over as “high” and in October last year it asked banks to “review their risk appetites” for this type of lending.

  30. “Funding winter”?

    I really like that description for startups. Need some housing ones.

    Realtor Red-ass.

  31. I think I’ll skip the jab and deal with the bad cold symptoms if I get Covid.

    UK Man Dies From ‘Catastrophic’ Blood Clots in Brain Following AstraZeneca Jab After Being Uninformed of Life-Threatening Risks

    by Adan Salazar
    May 30th 2022

    Redditch resident and automotive design graduate Jack Hurn, 26, received AstraZeneca’s Covid vaccine on May 29, 2021, after being told there were no Pfizer jabs in stock.

    Within days, Hurn began suffering headaches and had to undergo emergency surgery at Birmingham’s Queen Elizabeth Hospital.

    After Hurn’s death on June 11, doctors informed his family he’d sustained numerous “catastrophic” blood clots in his brain.

    According to area coroner Emma Brown, Hurn was “told the risk was 1 in 250,000,” however, experts say the actual risk of blood clots is closer to 1 in 100,000.

    “There can be no doubt that he took that on board,” Brown told the Birmingham Coroner’s Court.

    In fact, the UK government’s Joint Committee in Vaccines and Immunization was already recommending “that adults under 40 without underlying conditions be offered an alternative to the AstraZeneca Covid-19 vaccine,” the coroner said.

    Ultimately, “Jack was not given all of the information to make an informed choice,” she said.

    “In particular the risk of complications for his age group was understated,” she added.

    The Mail also noted: “In a Spanish research study, Pfizer’s vaccine was found to be just as likely to trigger blood clots as AstraZeneca’s.”

    AstraZeneca’s Covid jab has been blamed for numerous adverse reactions and deaths in the UK.

    Earlier this month, another UK inquest heard the horrific story of a baby in Dorset that drowned in a bathtub after her mom, who’d received AstraZeneca’s Covid-19 vaccine a day earlier, fainted during a bath routine.

    A Scottish man also described a horrific Covid-19 vaccine injury two weeks after his first AstraZeneca jab which sadly caused him to require leg amputation.

    https://www.infowars.com/

    1. Covid vaccines are poison.

      Anybody who supported or still supports vaccine mandates as a condition of employment, consider yourself an enemy combatant.

      And after the next round of Nuremburg Trials, and your verdict of guilty, you will be taken out into the courtyard and shot.

  32. Coeur D Alene, ID Housing Prices Crater 12% YOY As Idaho’s Fraud Riddled Housing Market Goes Down For the 10-Count

    https://www.movoto.com/coeur-d-alene-id/market-trends/

    As one national broker explained, “Paying multiples of construction cost (lot, labor, materials and profit) for a rapidly depreciating asset like a 20 year old house is the shortest path to poverty.”

    1. “Hosang first moved into the house on 167 Beach 113th Street in the Rockaways in February 2020, with a man believed to be her boyfriend, Hanan said. The man initially had said she would only stay in the apartment for a couple of weeks but ended up moving out and leaving Hosang in the unit.”

      Hosang isn’t even named on the lease, a trespassing squatter!

  33. Uvalde killer came through door propped open

    An idiot Comrade of Proven Worth (D) left the door propped open for the Uvalde gunman.

    https://www.heraldbanner.com/news/local_news/uvalde-killer-came-through-door-propped-open/article_8c8466ee-de04-11ec-9642-9f5ce0797d09.html

    According to emergency calls and surveillance footage, Ramos crashed the vehicle he was driving in a ditch at 11:30 a.m. Immediately after, the teacher who propped the door open ran back inside to retrieve a phone. Then the teacher returned to the propped door, calling 9-1-1, noticed the shooter nearing the school, panicking and ran inside, leaving the door open.

    Then, at 11:33 a.m, Ramos entered the building and began shooting into the classrooms

  34. See Russia’s Captured Territory In Ukraine (3 Months of War Special Report)

    May 30, 2022 Tour the territory that Russia has captured from Ukraine in 3 months of war. Come with me from Donetsk to Zaporozhia then to Kherson.

    Report by Patrick Lancaster
    US Navy veteran and independent crowd-funded journalist.
    Over the 8 years of the Ukraine War I made more video reports in anti-Ukraine Government controlled territory than any other western journalist. All so covered the Armenian Azerbaijan war reaching over 8 million on his youtube channel with his reports there. I show what the western media will not show you.

    https://www.youtube.com/watch?v=9EjqnCo060k

    46 minutes. No resistance starts in the 11th minute.

    1. “I show what the western media will not show you”

      This is why I love the phrase “globalist scum media” because that is exactly who they are.

    2. 32:59

      You could be shot in Ukraine for having St. George’s ribbons?

      Good thing we sent $40 billion to save that democracy.

    1. “There is no reason anyone in Canada should need guns in their everyday lives”

      Brutal beating and robbery outlined in Regina judge’s decision

      Brandon Harder
      May 06, 2022

      One night in early October of 2020, Mark Blanco went for some drinks at a Regina bar. He woke up the next morning in a field, naked below the waist and beaten. He was missing teeth and a finger.

      When they left the gas station, Blanco was sitting in the front passenger seat. Shortly after, Blanco was choked from behind and something put over his head.

      “He was then struck in the head numerous times with what he believed was a hammer,” the decision quotes from the statement of facts.

      Blanco then broke free and jumped from the moving car, but was dragged back inside by the two men. This time his legs were bound. When he refused to have his hands tied behind the passenger seat he was again struck in the head, so he relented.

      He was robbed of his brand new $900 watch and his wallet, containing cash, cards and ID. The men in the car demanded Blanco give them the PIN number for his bank card, and he gave them a fake number.

      When one of the men tried to use the card and determined the PIN number was fake, Blanco was again beaten in the head and the men threatened to cut off his fingers or kill him if he gave the wrong number again. Shortly afterward, his left pinky finger was cut off with a set of bolt cutters.

      When Blanco came to, he was being dragged by his feet through a field, where the men beat him with their hands and feet. Hoffman admitted to participating but returned to the car, sickened by what she described as “torture,” and turned up the music to drown out Blanco’s screams, according to the court decision.

      When the men returned to the car, Hoffman said she thought Blanco was dead.

      The men had “stripped Mr. Blanco of his pants, shoes and underwear prior to leaving him in the field,” the decision reads.

      Blanco eventually regained consciousness and walked to the road where he collapsed and was found by the couple.

      https://leaderpost.com/news/crime/brutal-beating-and-robbery-outlined-in-regina-judges-decision

  35. “Riverside, California, saw the largest decline in bidding wars last month, according to the Redfin report. Olympia, Washington, was next, with a drop to 56% from 71% a year ago, with a 70% share compared with 85% a year earlier, and San Diego, at 71% versus 86%, the report said.”

    Said as though bidding wars over asking are a completely normal feature of housing markets.

    In the early 2000s, they were such a new phenomenon, I almost wrote a PhD dissertation to explain them. Maye someone

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