thehousingbubble@gmail.com
Blog

There Isn’t One Mathematically Correct Answer To ‘What Is Value’

A weekend topic starting with Tech Crunch. “You could hardly blame people looking to sell their startup shares, or those looking to buy them, for feeling unsure about where to meet on price, and that’s exactly what’s happening right now, says secondary market experts like CEO Kelly Rodriques of Forge Global. In fact, Rodriques says, on Forge, a trading platform for private firms’ shares that went public earlier this year via a SPAC, the ‘supply of private shares right now is higher than it’s ever been in history — by a lot.'”

“Justin Fishner-Wolfson cofounded and oversees 137 Ventures , a San Francisco-based firm that offers loans to founders, executives, early employees and other large shareholders of private, high-growth tech companies in exchange for the option to convert their debt into equity, and he notes that valuations in the private markets are ‘slow to change’ because ‘people are waiting to see what things are actually worth.'”

From Bloomberg. “They are creations of easy credit, beneficiaries of central bank largesse. And now that the era of unconventional monetary policy is over, they’re facing a challenge like never before. They are America’s corporate zombies, companies that aren’t earning enough to cover their interest expenses, let alone turn a profit. From meme-stock favorite AMC Entertainment Holdings Inc. to household names such as American Airlines Group Inc. and Carnival Corp., their ranks have swelled in recent years, comprising roughly a fifth of the country’s 3,000 largest publicly-traded companies and accounting for about $900 billion of debt.”

“Now, some say, their time may be running short. ‘When interest rates are at or close to zero, it’s very easy to get credit, and under those circumstances, the difference between a good company and a bad company is narrow,’ said Komal Sri-Kumar, president of Sri-Kumar Global Strategies. ‘It’s only when the tide runs out that you figure out who is swimming naked.'”

From BoiseDev in Idaho. “Real estate assessments continue to rocket up to record levels around the Treasure Valley, but last year a  group of nearly 20 of Boise’s most exclusive condominiums saw drops in assessed value — and their property tax bill along with it. Appraisal Division Manager Erin Brady said this situation demonstrates how the process to determine the value of a property isn’t an exact science.”

“‘Seven different appraisers could develop 7 different value-estimates for a single property, using the same sales information as of the same date (although you would hope their conclusions would at least be close to each other),’ she wrote to BoiseDev in an email. ‘There isn’t one mathematically correct answer to ‘what is value.’ Our goal is to just stay within what can be shown to be a range of value.'”

From KLIX in Idaho. “Housing starts in Twin Falls are down.  A garage door salesman told me he does business with a lot of developers in Twin Falls and Cassia Counties.  Builders are starting to see a slump in the market.  It’s not to say we’ll see a sudden stop in growth, but the pace is likely to begin to ramp down, even as housing prices begin to drop.  The price of lumber has been halved since March!  Interest rates are climbing and discouraging some home buyers.  The market was also likely in for a correction after running hot for two years.”

The Charlotte Observer in North Carolina. “The number of new listings in Charlotte was up in April, rising 14.3% from 4,666 listings in March to 5,331 in April. Charlotte’s ‘active inventory’ — the number of properties for sale — was up 43.7%, from 1,826 in March to 2,624 in April. Those figures line up with national trends, according to RE/MAX. Nationally, there was ‘an 11.5% increase in new listings from March to April, (that) resulted in a 24.0% surge in inventory month to month,’ the report said.”

“Roger Berrey of RE/MAX Executive-Charlotte said he and his colleagues are ‘starting to feel a slight shift’ in the Charlotte market, with some homes getting ‘only 2 or 3 offers after 7 to 10 days’ rather than the ’10 to 15 offers received in the first two days on the market’ they had been seeing.”

From KGVO in Montana. “KGVO News reached out to Missoula Realtor Brint Wahlberg with Windermere Realty. ‘You can sense that the winds of change are coming into this market,’ he said. ‘That means sometimes houses are having to spend a little more time on market, which wasn’t the case in the last two years; or people are having to do a small price reduction or a couple of price reductions to get the contract but they’re still doing quite well in terms of median sales price.'”

The Weekly Packet. “An increase in inventory at the national level could be a harbinger of things to come in Maine. There are already signs that the housing market in the state is cooling, including falling sales and less competition for listings. ‘The boom is over, but the market is still incredibly active,’ said Morgan Eaton, who owns The Island Agency in Stonington. Hank De Raat, who owns De Raat Realty in Castine, sees the market beginning to ebb. ‘We just crested,’ he said.”

“Additionally, COVID-19 refugees unfamiliar with Maine bought homes inland off the internet, he said. They brought new eyes to the region and were less critical than people who summered in the coastal communities, he said. ‘Someone looks at something [on the internet] with a 30-foot by 20-foot living room, fancy appliances and 20 acres, and they don’t understand they’re in the middle of nowhere, they don’t understand why 1,100 square feet in Stonington on the coast goes for the same price.'”

The Denver Post in Colorado. “Price gains flattened and the inventory of homes available for sale continued to rise in May, early signs that the gravity of higher mortgage rates might be finally starting to pull metro Denver’s housing market back to earth. The inventory of single-family homes available was 111.6% higher than a year ago, while the inventory of condos and townhomes was up 11.5%.”

“‘Buyers have become more patient in their approach as the cost of money has become more expensive,’ said Andrew Abrams, chairman of the DMAR Market Trends Committee in comments accompanying the report. ‘Likewise, sellers are having to realign their expectations to sell their properties.’ More sellers are having to drop their asking price to get a sale, according to Redfin. About 17.3% of sellers in metro Denver provided a price cut in April 2021, but 26% did this April. For anyone seriously looking to sell, now is the time to act, the Seattle-based brokerage advised.”

The Napa Valley Register in California. “Yes, some sellers are reducing their listing prices. And yes, many homes are not selling in two days. But that doesn’t mean home prices are set to decline. The demand for homes continues to be greater than the number of homes available to buy. And that means there is still competition for most homes that are listed at a reasonable price. The price of owning a home accelerated dramatically for understandable reasons. Slowing appreciation of homes now is as necessary as cooling down rampant inflation is general.”

The Ahwatukee Foothills News in Arizona. “A leading analyst of the Valley’s housing market said the latest home sale data shows the market is cooling at an ‘astonishing and widespread’ rate. The Cromford Report last week observed that ‘buyers’ disadvantage in negotiations has dropped dramatically.’ ‘This is because there is much less competition from other buyers,’ it noted. ‘Many of these have dropped out due to the eye-popping increase in mortgage rates. There are also many more homes to choose from compared with a couple of months ago.'”

“The Cromford Report said ‘cash buyers remain active, but these are a much smaller part of the total demand and cannot compensate for the loss of financed buyers.’ It also said, ‘Every leading indicator is pointing to a sharp slowdown in the Greater Phoenix housing market. Supply has increased very quickly over the last two months while demand is much weaker than it was in March.’ It also suggested it may not be long before prices begin to weaken, though it warned, ‘Prices are much slower to react to a change in the market, especially closed sale prices.'”

“‘However, prices for homes under contract react one to two months earlier than closed prices,’ it said and if that occurs sooner ‘would expect to see weakness in asking prices. This is now starting to appear as sellers gradually lose confidence.’ ‘Some sellers will be in denial for many months yet, and will risk over-pricing their home in current market conditions,’ it said. “Others will be more reactive and make sure their asking pricing is competitive.'”

“And it warned, ‘The Greater Phoenix market continues to provide plenty of reasons to be worried. Another domino is wobbling and looks like it might be getting ready to fall – the listing success rate.’ ‘At the moment we are just under 90%, a very strong number. However, if we look at the last five weeks, a clear weakening trend has started.’ It gave a chilling reminder of the pre-crash market in 2005, when ‘a similar trend developed between June and July.’ ‘By the end of 2005 we were down to just 63% – meaning that 1 in 3 homes listed failed to sell. We cannot say this will happen in 2022,’ it said.”

“‘2006 was a full-scale bubble burst,’ it said. ‘People now talk of the 2008 crash, but that was only when Wall Street woke up and entered a full-on panic. The real estate market was in dire straits as early as the middle of 2006 and 2007 was truly dreadful.'”

“‘They should be motivated to protect rather than abandon that equity,’ it continued. ‘That gives us a reason to be less worried, but extreme vigilance is the order of the day. Those who refinanced and took a little too much cash out over the last two years are more exposed than most. Our primary leading indicator is telling that us that the cooling trend is getting even more powerful. …At some point we would expect the nose-dive to decelerate and reach an equilibrium, but we seem to be a long way from that point at the moment.'”

From Global News. “New Brunswickers shouldn’t expect to see price drops similar to places like Greater Toronto despite the Bank of Canada latest interest rate hike, says economist Richard Saillant. New Brunswick’s real estate situation is unique because housing prices have been significantly less expensive than the rest of the country for quite a while, he said. ‘The Maritimes, with its low home prices, seem to be an interesting destination for the ‘southern Ontarian housing refugees’ as I call them,’ he said. ‘The last full year of data, New Brunswick has seen an explosion of population from other provinces like it’s almost never seen before.'”

“Realtor Heather FitzGerald, who has been in the business in southeastern New Brunswick for 16 years, agrees with that assessment, saying prices may plateau, but she doesn’t expect to see them come down as a result of the hikes. She has seen rate hikes discourage some buyers from entering the market as it means they may only get pre-approval for a smaller mortgage. ‘What we’re seeing is a lot of buyer fatigue,” she explained. ‘They’re in competition with 12 to 20 or plus offers and they’re getting tired of that. So they’re pulling back a little bit,’ she said, adding that even out of province buyers were also pulling back, due to some companies recalling employees to the office.”

“New home owner Christophe Goulet-LeBlanc bought his Dieppe house with his fiancée in 2021, in part, because interest rates were so low at the time. ‘Interest rates were great but the houses didn’t reflect that. So we figured we should do it now, almost like a panic-buy situation,’ he said. While he has a fixed rate mortgage that won’t be up for renewal for another four years, he said the rate hikes still cause some anxiety.”

“‘We kind of wanted to be safe but once that safety barrier is gone, are we going to be stuck with incredibly high interest rates, where it’s going to make payments no longer affordable?’ he said. ‘I have friends even in this city that are saying that they might have to sell their house,’ he added.

Related Posts
This Post Has 88 Comments

  1. ‘they don’t understand they’re in the middle of nowhere’

    Doncha hate it when that happens?

  2. ‘We kind of wanted to be safe but once that safety barrier is gone, are we going to be stuck with incredibly high interest rates, where it’s going to make payments no longer affordable?’

    Magic 8 balls says YES! Christophe.

    1. ‘New Brunswickers shouldn’t expect to see price drops similar to places like Greater Toronto’

      That’s right, prices are sinking like a turd in a well in Toronto, but they’ll never go down in Dieppe.

      ‘Dieppe’s history and identity goes back to the eighteenth century. Formerly known as Leger’s Corner, it was incorporated as a town in 1952 under the Dieppe name, and designated as a city in 2003. The Dieppe name was adopted by the citizens of the area in 1946 to commemorate the Second World War’s Operation Jubilee, the Dieppe Raid of 1942.[2] It is officially a francophone city; French is the native language of 73.9% of the population. A majority of the population reports being bilingual, speaking both French and English.[3] Residents generally speak French with a regional accent (colloquially called “Chiac”) which is unique to southeastern New Brunswick. A large majority of Dieppe’s population were in favour of the by-law regulating the use of external commercial signs in both official languages, which is a first for the province of New Brunswick.[4][5] Dieppe is the largest predominantly francophone city in Canada outside Québec; while there are other municipalities with greater total numbers of francophones, they constitute a minority of the population in those cities.’

      https://en.wikipedia.org/wiki/Dieppe,_New_Brunswick

  3. This is a grabber #Narrative from the Associated Press.

    “As Americans reel from repeated mass shootings, law enforcement officials and experts on extremism are taking increasing notice of the sprawling online space devoted to guns and gun rights: gun forums, tactical training videos, websites that sell unregistered gun kits and social media platforms where far-right gun owners swap practical tips with talk of dark plots to take their weapons.”

    Dark plots?

    It’s pretty out in the open what these globalists want to do, which is eliminate the Second Amendment.

    “It’s an ecosystem rich with potential recruits for extremist groups exploiting the often blurry line separating traditional support for a Constitutional right from militant anti-government movements that champion racism and violence.”

    Blah blah racism racism. Get some new material already.

    “Federal authorities have also taken notice, increasing funding for investigations into domestic terrorism, a challenge that FBI Director Christopher Wray last year described as “metastasizing.” But there’s little law enforcement can do but monitor as extremists use the threat of gun control to recruit new members.”

    Did you know that the Southern Poverty Law Center was not elected to govern anything?

    “Extremists paint any effort to regulate firearms as the prelude to widespread gun seizures, according to Callum Hood, director of research at the Center for Countering Digital Hate, a UK-based organization that researches online extremism and abuse.”

    Registration
    Confiscation
    Extermination

    “The message quickly becomes ‘the government is coming to take your guns and leave you undefended,’” Hood said. That’s despite the obvious political challenges that even modest attempts at gun control face in the U.S. Despite a long and growing list of mass shootings, gun rights have not been restricted in any significant way in the U.S. in decades.”

    https://kdvr.com/news/technology/online-pro-gun-extremism-cool-for-active-shooter-stuff/

    Kids, don’t shoot up the grocery store and don’t shoot up the school. Don’t be racist.

    If you need to get violent, channel that energy into some more worthy targets, like unelected globalist bureaucrats, in Minecraft 🙂

    1. Eighteen people have been killed in twenty mass shootings since the Uvalde school massacre last week.

      https://www.dailymail.co.uk/news/article-10882463/How-17-people-killed-20-mass-shootings-Uvalde-school-horror.html

      There’s more than one a day in the US. And like the “climate crisis” the guberment isn’t doing a gotdam thing to stop it. Remember when we would bomb Afghanistan for 20 years, the bombers took off from the US!

      I also recall the pentgon put out a report bragging on how much energy they were saving by constructing $40,000 efficient air conditioned tents in Iraq. That’s right, 40k for a tent. Where’s madona talking about blowing up the white house?

      1. Listen to the specific language that the Real Journalists and other globalists use. They talk about the elimination of the Second Amendment like it is an inevitability, and it’s only a matter of when.

        2. They talk about the elimination of the Second Amendment like it is an inevitability, and it’s only a matter of when.

          They are pushing the Narrative that Americans are willing to give up the 2A if it will stop the shootings.

          I expect that shootings will inexplicably increase up to election day.

          1. The most recent statistics I can find for homicides by gun in the US is the year 2020. There were 13,620. Mass shootings make up but a tiny fraction of these homicides, yet the media pumps the fear on high.

            By contrast, there are now over 100,000 drug overdose deaths per year in the US, much of the product coming through the porous southern border. Yet crickets….

            Nobody points out these things in a country of 350 million. There are always going to be murders, and mass murders. But they aren’t even close to the leading cause of death. This isn’t about public health, it’s about taking away your guns so they can install a global dictatorship, and the f*ckin’ sheeple are falling for it.

    2. “It’s an ecosystem rich with potential recruits for extremist groups exploiting the often blurry line separating traditional support for a Constitutional right from militant anti-government movements that champion racism and violence.”

      The globalists and their Democrat-Bolshevik Quislings have usurped and subverted all of our institutions of governance, and can steal elections & trample on the Constitution without consequences. They better believe that “militant anti-government movements” are seeing a recruiting boon from marginalized white males who are the objects of implacable animosity by the elites, our corrupt political class, and the globalists’ Democrat-Bolshevik minions.

      1. We require representation in government, not just dictate.

        “Taxation without representation” has consequences.

    3. As Americans reel from repeated mass shootings

      Odd, because I haven’t hear a single person so much as utter a word about any of them. And I talk to a lot of people.

    4. “Extremists paint any effort to regulate firearms as the prelude to widespread gun seizures, according to Callum Hood, director of research at the Center for Countering Digital Hate, a UK-based organization that researches online extremism and abuse.”

      Gun owners saw the template globalist Quisling regimes in Australia, New Zealand, and the UK used to disarm their populations. All three former countries, now incorporated neoliberal plantations, now throw people in jail for FB posts. Canada is going down the same road. The globalists have dusted off the same playbook they applied to Russia after the 1917 Bolshevik Revolution, and their oft-stated desire to “re-educate” Les Deplorables speaks for itself. So no, we won’t be giving up our guns. You want them – molon late.

  4. ‘Every leading indicator is pointing to a sharp slowdown in the Greater Phoenix housing market. Supply has increased very quickly over the last two months while demand is much weaker than it was in March’

    Behold, the REIC is rolling up the carpet in Phoenix. Yes, their mouths are hanging open. Pulses are quickening, brown spots are appearing even as they dry in the sweltering heat. You guys are well and truly fooked. And yer greed! Sure those 1950 crap shacks built for 20k are worth $400,000! In a dream world.

    This is probably the most satisfying comedown of all the REICs. It’s their job to tell UHS the market-truth, ultimately (it is a pricey newsletter) and they are forced to get down on their knees and act like they had nothing to do with the a$$ poundings going on right now.

    1. ‘2006 was a full-scale bubble burst,’ it said. ‘People now talk of the 2008 crash, but that was only when Wall Street woke up and entered a full-on panic. The real estate market was in dire straits as early as the middle of 2006 and 2007 was truly dreadful’

      This is true. One time posters were debating when “the crash” occurred, ao I went back and randomly looked at some HBB posts from spring 2006 and found plenty of FB’s getting 100k plus a$$ poundings in Arizona. Florida was ahead of AZ followed by Boston. Similarly, this could be “the crash” right now.

      1. I recall it being quite location-dependent. I sold my house in TX in late 2008 and two offers the day it listed.

        I had priced somewhat aggressively because of what was going on elsewhere in the country, but apparently the malaise hadn’t quite hit TX yet at that time.

        1. Well the federal loan cap game changed all that. Thank you Mel Watt!

          ‘500,000 pesos for a shack in Killeen?’

      2. Similarly, this could be “the crash” right now.

        Pshaw, Ben Jones, you naysaying so-and-so. Shirley if there were cause for alarm, the MSM would be sounding the klaxon. Scary Poppins at the Disinformation Governance Board says the media is the only credible source of information, and all the “analysts” are telling me about the booming Biden economy and advising me to buy a shack now before interest rates rise further. So you need to stop being such an alarmist conspiracy theorist.

    2. The desert only makes sense when prices are very low to reflect the fact that the land is useless. Depreciating plywood on a barren patch of dirt should never require 30 years and steady uninterrupted employment to pay for it.

  5. ‘Yes, some sellers are reducing their listing prices. And yes, many homes are not selling in two days. But that doesn’t mean home prices are set to decline’

    This is a UHS. So I bet yer days on market is skinny. Why the sawin and slashin then? Of all the myths being shattered right now, this supply crap has been blown out of the water.

      2. It gave a chilling reminder of the pre-crash market in 2005, when ‘a similar trend developed between June and July.’ ‘By the end of 2005 we were down to just 63% – meaning that 1 in 3 homes listed failed to sell. We cannot say this will happen in 2022,’ it said.”

        Here in South Orange County where inventory is still considered low a third of listings are showing price cuts or falling out of escrow and coming back on market. This ratio in past two weeks is accelerating!

  7. ‘When interest rates are at or close to zero, it’s very easy to get credit, and under those circumstances, the difference between a good company and a bad company is narrow…It’s only when the tide runs out that you figure out who is swimming naked’

    Neeked swimmers, just what we need.

    2. “Neeked swimmers, just what we need.”

      More like, neeked swimmers with small peepee.

  8. Our goal is to just stay within what can be shown to be a range of value.’”

    My goal is not to get schlonged by buying into the most insane housing bubble in human history, so I’ll just sit out the madness and wait for the Fed’s house of cards to implode under the weight of its own debt, fraud, and artifice.

  9. Charlotte’s ‘active inventory’ — the number of properties for sale — was up 43.7%, from 1,826 in March to 2,624 in April.

    Is that a lot?

  10. “Roger Berrey of RE/MAX Executive-Charlotte said he and his colleagues are ‘starting to feel a slight shift’ in the Charlotte market, with some homes getting ‘only 2 or 3 offers after 7 to 10 days’ rather than the ’10 to 15 offers received in the first two days on the market’ they had been seeing.”

    Realtors are liars.

  12. Comrades Brandon & Pelosi: “Woke” police departments staffed by Democrat-Bolshevik diversity and inclusivity hires might not be up to the task of forcibly disarming 20 million non-compliant gun owners.

    Uvalde mom handcuffed by ‘coward’ cops for trying to rush in and save her kids inside school says police threatened her with probation violation for obstruction of justice if she spoke to media

    https://www.dailymail.co.uk/news/article-10884403/Uvalde-mom-handcuffed-coward-cops-trying-rush-save-kids-says-cops-threatened-her.html

  14. “Now, some say, their time may be running short. ‘When interest rates are at or close to zero, it’s very easy to get credit, and under those circumstances, the difference between a good company and a bad company is narrow,’ said Komal Sri-Kumar, president of Sri-Kumar Global Strategies. ‘It’s only when the tide runs out that you figure out who is swimming naked.’”

    The same statements apply to the difference between a good asset and a bad asset. Not long ago, fanbois thought Bitcoin was better than physical gold. Now that interest rates have risen slightly off the zero bound, not so much anymore.

    1. The Wall Street Journal
      Law
      Crypto Industry Sees Surge in Lawsuits as Investor Losses Pile Up
      Suits target issuers of digital coins and tokens in the maturing sector
      Wall Street Has Been Betting Billions on Crypto. Here’s Why.
      WSJ’s Dion Rabouin explains why Wall Street is betting big on crypto and what that means for the new asset class and its future.
      Photo composite: Elizabeth Smelov
      By James Fanelli
      June 1, 2022 8:00 am ET

      Lawsuits over cryptocurrency losses are mounting across the country, as investing in digital tokens and coins has become mainstream and the money at stake has increased significantly.

      Even before the recent plunge in crypto prices, the industry already was seeing an uptick in lawsuits, which have come in several forms. Many of the cases have been fueled by investors who allege some digital coins were hyped and sold under false pretenses. Some proposed class-action suits allege pump-and-dump schemes involving celebrity promoters. Others allege that some digital tokens are unregistered securities or that cryptocurrency issuers were deceitful in their marketing.
      …

  15. How will the FHA react when its subprime borrowers start defaulting? Will they be bailed out?

  16. Is it safe to assume the Wall Street correction is done playing out, and brighter skies full of bluebirds lie in store for the rest of 2022?

  17. Oh dear…I fear there is a real possibility that as artificially suppressed interest rates start to rise, FBs who bought into the most insane housing bubbles in human history could find themselves underwater on their shacks. This is my sorrowful face.

    Sign interest rate hikes could see house prices nose dive

    https://www.news.com.au/finance/economy/interest-rates/sign-interest-rate-hikes-could-see-house-prices-nose-dive/news-story/aa9d6b89d8ea38d70846ec56fc87265a

    Rising interest rates in two similar countries to Australia have seen their house prices drop by worrying amounts.

    1. “FBs who bought into the most insane housing bubbles in human history could find themselves underwater on their shacks.”

      Pulling into my hood last week I saw about a 10 year old boy playing with other kids and running into the new front yard his parents had moved his family into the week before after purchasing the $275,000 house (the only reason I say that much is because Colorado pointed some things out to me a while back) for $800,000 and thinking….

      Geez kid, your parents just blew your inheritance.

    1. This is who the globalists are, this is what they do.

      Champagne corks popping off inside the headquarters of the Southern Poverty Law Center when this happened.

    2. “Grandfather and his four grandkids including 11-year-old twins killed by Mexican mafia member who escaped from prison bus in Texas three weeks ago”

      How did the valedictorian escape from the bus anyhow?

    1. Videos are good.

      When I post Youtube links for songs, I usually post the audio track, without video, if available, so that peeps on their Sail Phones and not computers aren’t eating up their data streaming the video.

  20. It’s not a “conspiracy theory” when the globalist elites are completely up-front about their intent to herd the proles onto their incorporated neoliberal plantation.

    The Top 10 Creepiest and Most Dystopian Things Pushed by the World Economic Forum (WEF)

    https://www.zerohedge.com/geopolitical/top-10-creepiest-and-most-dystopian-things-pushed-world-economic-forum-wef

    The World Economic Forum (WEF) is one of the most powerful organizations in the world. And, throughout the years, people at the WEF have said some truly insane and dystopian things. And they’ve managed to word these things in the creepiest ways possible. Here are the top 10 most insane things said by the WEF.

    1. I had a Double Deluxe Butterburger from Culver’s for lunch today after working this morning.

      No, I won’t be eating the bugs, or seaweed or algea.

  21. The Globalists /WEF, are liars about the technology they claim to have. The true agenda is genocide of a big percentage of the populations, they call “useless eaters.”
    These Entities aren’t going to give a Universal Income to the useless eaters , that’s just the cover story for the massive kill off.
    The fake vaccine, for a fake Panademic, by fake testing , is false vaccine technology that’s killing and injuring millions. Why we can’t get this stopped by now is evidence of total capture of Government health and protection Agencies.
    The treasonous Biden administration, that came to be by a criminally rigged election , is doing everything possible to destroy the US and its Citizens in every way.
    They don’t have replacement for fossil fuel, because they plan for a much lower amount of people needing energy of any kind.
    Its the only thing that can explain the unexplainable acts of assault on humanity that went into operation mode about 21/2 years ago.
    Private Party Corporate rule of the World , that people are forced into something that would be slavery, eating bugs, and having nothing.
    They openingly are saying what they are going to do , while they try to act like they are saving the world from germs or climate change.
    Their narratives are false , and their intentions are to force their evil , because “free will” is over , because they are the new Gods.
    Humanity can defeat this plot by a evil that knows no bounds, by first identifying the enemy .

    1. “identifying”

      Synonymous with naming.

      Naming. They hate being named. It’s like turning on the light and watching the cockroaches scatter, when they are named.

      Names aren’t just names, they are people, with addresses, and work schedules and commuting / travel itineraries.

      Stop with the random dumb sh*t, kids. Aim higher.

      Leave the schools and the grocery stores alone. I suggest that you “penetrate” into the membership of the World Economic Forum. That’s their own language that the WEF uses, boasting of their “penetration” into governments.

      Glowies gonna glow, so no direct advocacy of anything involving United States elected officials.

      Civilian bureaucrats, and anyone outside the U.S. are fair game.

      They stole your future, kids.

      Proceed accordingly…

  23. “The children, on the other hand, were systematically turned against their parents and taught to spy on them and report their deviations.”

    … is particularly chilling.

    6 Quotes From Orwell’s 1984 That Have Come True

    Oct 17, 2020

    https://youtu.be/EI5-Ir0RT-o

    1. The Comrades of Proven Worth (D) in our NEA indoctrination mills must exalt the example of the child snitch Pavlov Morozov as exemplifying the socialist morality that must be instilled in our children.

      Russia marks 100 years since the birth of the most famous Soviet pioneer, Pavlik Morozov. The murdered 13-year-old boy who testified against his father still sharply divides public opinion.

      https://www.rbth.com/history/329601-demon-or-hero-morozov

      “Pavel Morozov fought the enemy and taught others how to do it. He addressed the whole village and exposed his father!” That’s a line from a 1930’s poem by a famous Soviet poet. There was an array of other poems, songs, books, slide films, and even an opera devoted to that Soviet boy.

      Pavel (diminutive – Pavlik) Morozov was a 13-year-old boy living in a remote Siberian village who together with his younger brother, Feodor, was brutally murdered in the early 1930s. The Soviet state portrayed the murder as an act of class struggle – Pavlik, who was an enthusiastic young Communist, allegedly fell prey to the richer, anti-Soviet stratum of the village, the kulaks. This was the era of a major reform of Soviet agriculture, when a new system of collective farms was imposed on the peasants, and it caused widespread dissatisfaction, especially among the well-to-do peasantry. Pavel’s story was instrumental for the authorities as an example of the utmost loyalty and sacrifice to the state and communist ideology.

      In the official narrative Pavlik openly challenged his father and grandfather who hid their wheat from the state at a time when control over the wheat supply was crucial for Soviet Russia. The boy testified in court and filed a complaint against his father. The latter was found guilty on corruption charges and sent to prison. In an act of vengeance, the kulaks from his own family and their sympathizers decided to kill the young communist. The plan was executed by Pavel’s grandfather and his cousin, who stabbed the boy to death in a nearby forest. Later, the two perpetrators were condemned to death, while their accomplices received prison sentences.

  24. As stated many times, nobody elected these freaks to anything:

    The World Economic Forum (WEF) is an international non-governmental and lobbying organisation[1] based in Cologny, canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer and economist Klaus Schwab. The foundation, which is mostly funded by its 1,000 member companies – typically global enterprises with more than five billion US dollars in turnover – as well as public subsidies, views its own mission as “improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas”.

    The World Economic Forum and its annual meeting in Davos have received criticism over the years. Challenges raised about the conference and the WEF include: the organization’s corporate capture of global and democratic institutions, and institutional whitewashing initiatives; the public cost of security, the organization’s tax-exempt status, unclear decision processes and membership criteria, a lack of financial transparency, and the environmental footprint of its annual meetings. As a reaction of criticism within Swiss society, the Swiss federal government decided in February 2021 to reduce its annual contributions to the WEF.

        1. I can’t recall a specific example before with such a dramatic reduction rate. Certainly not at this phase of collapse. The housing bubble pop may not be televised, but it sure is on theirtub. I’ve got around 30 videos saved that would shock most people right now. I probably will just start posting them stand alone because it’s getting fierce out there. Everywhere in the US and K-da.

          1. It’s going to be comedy gold when all the FBs who levered up on debt to speculator on insanely overpriced shacks realize at approximately the same time the supply of Greater Fools just dried up, and the Wile E. Coyote moment is upon them. The panicked stampede for the exits is going to be too big for the REIC shills to keep of their denial of a bursting housing bubble.

          3. A comment:

            ‘almost like there was never a housing shortage at all’

            ‘John Wake Reply ‘The conventional wisdom is zoning is what caused the low supply of houses for sale and the skyrocketing house prices. I guess that means Phoenix must have gotten rid of zoning in March and that’s what caused the number of houses hitting the market to increase so much. 😉’

          4. Replying ‘Now now, don’t say the quiet part out loud.

            The housing shortage was real but it was absolutely:

            1) Temporary.
            2) The result of irresponsible fiscal/monetary policy and not demographics.

  26. Well lookey here – did Yellen the Felon just throw Brandon under the bus? Looks like the blame game is starting as inflation soars and the utter incompetence and mendacity of Biden, Powell, and Yellen is on full display for all to see. “Transitory inflation,” my a$$.

    Yellen Wanted Biden Relief Plan Cut by a Third, Biographer Says

    https://www.bloomberg.com/news/articles/2022-06-04/yellen-wanted-biden-relief-plan-cut-by-a-third-biographer-says?sref=ibr3A0ff

    Janet Yellen, worried by the specter of inflation, initially urged Biden administration officials to scale back the $1.9 trillion American Rescue Plan by a third, according to an advance copy of a biography on the Treasury secretary.

    “Privately, Yellen agreed with Summers that too much government money was flowing into the economy too quickly,” writes Owen Ullmann, the book’s author and a veteran Washington journalist, referring to former Treasury Secretary Lawrence Summers, who severely criticized the size of the aid plan. The book is due out on Sept. 27.

    1. My grocery bill today was $174. That’s for 2 late 50’s people who eat yogurt and chicken. What’s a single mom gonna do? Vote?

      1. Regular gas was $6.50/gal yesterday at the Chevron station down the street. I didn’t have time to find a cheaper station so I just put in 6 gal, enough for the round trip I was going on. The Biden administration said that $4/gal gas was here to stay. They really believe that Americans prefer this to cheaper gas.

        You see, we’re all going to get MORE benefits from paying more for gas and energy than the money we’re losing from our wallets. I’m not sure what these “benefits” are….

        1. “You see, we’re all going to get MORE benefits from paying more for gas and energy than the money we’re losing from our wallets.”

          It’s a penance for western hedonism, pride and vanity.

        2. so I just put in 6 gal

          I’ve noticed people are not filling up, just getting a few gallons.

          1. Although it would probably make sense to “top it off” given the weekly price increases there has to be enough chump change for Walmart’s blue collar 12-pack of Schaefer.

  29. “The Napa Valley Register in California. “Yes, some sellers are reducing their listing prices. And yes, many homes are not selling in two days. But that doesn’t mean home prices are set to decline.”

    In all matters, business and legal, If you don’t have answer, don’t lie, don’t make things up, don’t gyrate and pretzel and say something profoundly stupid like the above, just shut your mouth and pass it up the chain of command.

  30. The new Narrative: ICE cars going away because of a wire harness shortage:

    The humble wire harness, a cheap component that bundles cables together, has become an unlikely scourge of the auto industry. Some predict it could hasten the downfall of combustion cars.

    Uh, don’t electric cars also have wire harnesses?

    1. Uh, don’t electric cars also have wire harnesses?
      They sure do. And the wiring harnesses in electric cars aren’t “cheap components”, they are massive expensive things made with huge amounts of copper. And the electric motors contain even more copper and miles of wire.

      In an ICE, the only copper rich components are the starter and alternator. Simple and cheap things. Ignition coil(s) that fire the plugs are made of copper but these too, are inexpensive and easy to manufacture.

  31. Child abuse

    Tayler Hansen 🇺🇸
    @TaylerUSA
    A Drag Queen just dropped it low for a child and took money from them as well.

    https://twitter.com/TaylerUSA/status/1533129203935236103?s=20&t=9y4eidCJI4LYjDYkXDYbAw

    Tayler Hansen 🇺🇸
    @TaylerUSA
    Children are invited on stage and walk with the Drag Queens

    https://twitter.com/TaylerUSA/status/1533144584758382592?s=20&t=ommF1oVILdzC2I1PPlSx5w

    Aldo 🌞
    @AldoButtazzoni
    Photos from the “Drag the Kids to Pride” event at Mr. Misster bar in Dallas

    https://twitter.com/AldoButtazzoni/status/1533166912011640835?s=20&t=q5jMqP3XT1Yk1nhmWLe4ww

  32. “‘Seven different appraisers could develop 7 different value-estimates for a single property, using the same sales information as of the same date (although you would hope their conclusions would at least be close to each other),’ she wrote to BoiseDev in an email. ‘There isn’t one mathematically correct answer to ‘what is value.’ Our goal is to just stay within what can be shown to be a range of value.’”

    Nice way to shaft the property owners. Science!

Comments are closed.