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When Everything’s Going Up, It Hides A Lot

A report from Vail Daily in Colorado. “Michael Slevin, owner and president of Berkshire Hathaway HomeServices Colorado Properties, said even as rates rise, his firm’s brokers remain busy. ‘We’re counseling sellers that the buyer pool may be diminished,’ Slevin said. On the buyer side, Slevin said his firm is ‘crafting creative ways to get buyers into properties.’ That means using interest-only or adjustable-rate mortgages. Adjustable-rate mortgages ‘make sense for some people,’ Slevin said.”

“While easy-to-get mortgages were part of the collapse of financial markets in 2007 and 2008, Slevin said the landscape today is much different. ‘Borrowers are much more qualified (today),’ he said. ‘It’s a different environment … but we may be losing a little air in the balloon.'”

A press release. “‘Homes are now getting one to three offers, compared with five to 10 two months ago and as many as 25 to 30 six months ago,’ said Jennifer Bowers, a Redfin real estate agent in Nashville. ‘Offers also aren’t coming in as high above the list price as before. I recently listed a three-bedroom, three-bathroom home in a super cute neighborhood for $399,900. It ended up going under contract for $12,000 above the list price with an inspection, whereas three months ago, the buyer probably would have paid $60,000 over asking and waived the inspection.'”

The Washington Post. “At Olentangy Maids in Columbus, Ohio, more customers are putting off or canceling home-cleaning appointments. Some regulars are trying to negotiate lower prices, while others have stopped tipping altogether, co-owner Keith Troyer said. ‘It hasn’t been a massive drop off, but enough that it’s been noticeable,’ Troyer said. ‘Quite a few clients have called saying, ‘Hey, my wife got laid off. We need to cancel,’ or ‘Can I switch from biweekly to monthly?’ Prior to this month, that’s something that hardly happened.'”

“Customers at Salon Simis in Fairfax, Va., have begun cutting back in new ways. Clients who used to come in every four weeks are now going 12 weeks in between appointments, owner Ahmet Sim said.’People are cutting back left and right,’ he said. ‘They’re saying, ‘I’m sorry. I can’t afford this anymore.’”

“At Posh Luxury Imports, a Los Angeles car dealership that also rents high-end vehicles, owner Omar McGee said both consumer demand and their credit scores are markedly lower than six weeks ago. ‘I see more credit problems,’ McGee said. ‘More people have maxed-out cards or have fallen behind on payments. At the end of the day, that means people have to be much more cautious about their spending.'”

From Market Watch. “As the U.S. housing sector cools off, housing companies are slashing jobs left, right and center. One economist said that more pain was to be expected in the housing sector, given the rapidly changing environment. ‘We expected a bigger hit, but this is not the floor,’ Ian Shepherdson, chief economist at Pantheon Macroeconomics, said in a note. ‘Mortgage demand is in free-fall, and the [National Association of Home Builders] index will drop much further over the summer.'”

Shepherdson said that inventory levels and new home sales data all point to signs of a further drop in prices and new construction activity. ‘This is still the early stages of the housing rollover; homebuilders are not yet ready to admit that the sky is falling in,’ he stated. ‘But it is.'”

From Queen City News in North Carolina. “In a span of six months, one of the busiest jobs in the home lending industry went quiet. ‘From the beginning it was just madness,’ Charlotte loan processor Anna Forbis said. Last year, Forbis was a small piece of the puzzle that made up a corporate mortgage lending local office in Charlotte. Fast forward to now, increasing interest rates has made the refinance industry nearly non-existent. Now, thousands of mortgage lenders are being let go across the country.”

“In Charlotte, Wyndham Capitol Mortgage is cutting 48 jobs.  Real Genius, another mortgage lender is set to eliminate 74 positions.  Wells Fargo, the county’s largest home lender says it too is shrinking the department. Motto Mortgage Metro co-owner Brooke Marin said said she has received in uptick in inquiries, not for loans, but jobs. ‘Many of them have called and said, ‘hey, I was let go via zoom with one hundred other people and I don’t want that experience for my family ever again,’ Marin said.”

From Mansion Global. “‘The stock market crash has put a lot of luxury buyers into shock mode,’ said Lawrence Yun, the chief economist at the National Association of Realtors. ‘Now they are saying, ‘we can not buy that second home’ or upgrade from a $2 million property to a $4 million home…[luxury buyers] are dealing with two big events occurring simultaneously.'”

From ABC News. “The Fed’s decision on Wednesday to raise interest rates by 0.75%, its largest hike since 1994, will further increase mortgage rates and push many homebuyers out of the market. ‘It’s got a huge impact,’ Mark Stapp, a professor of real estate at Arizona State University, told ABC News. ‘It’s going to bump a lot of people out of homebuying.'”

“Mortgage rates will continue to increase at least moderately and could reach as high as 7%, some experts said. ‘A month ago, I would’ve thought that 7% would be outlandish and it would be delusional to think they could go that high,’ ​​Holden Lewis, a housing expert at personal-finance site NerdWallet, told ABC News. ‘Now I think okay, well, 7% might be possible. Every time I think they’ll stop, they keep going up,’ he added.”

The Ahwatukee Foothills News in Arizona. “The Cromford Report, a leading analyst of housing market trends in the Maricopa and Pinal counties, said one of the biggest factors threatening to dethrone sellers from the catbird seat they‘ve enjoyed in negotiations for several years is a mix of rising supply and falling demand. ‘Demand continues to fall in most areas but the dominant effect is now the rise in supply, with new listings arriving at a pace that is well above average,’ it said, predicting that Buckeye, Queen Creek and Maricopa already are close to a balanced market, where bidding wars have evaporated and sellers no longer can call all the shots.”

“‘There are two things that concern me about the sales decline in 2022,’ it continued: ‘It is taking place in May, which in a healthy market should be one of the busiest months for closing. We are seeing a very steep drop in a short period. In this environment, selling a home is no longer like falling off a log. Showings will be fewer in number and offers far less easy to get than they were in March. Once buyers realize what is going on, expect them to start flexing their negotiating muscles. They might even ask for the seller to pay for a home warranty (shocking, I know).'”

WFLA in Florida. “Tampa was included in the top 10, with a 24.7% rate of investor purchases for residential real estate. However, the market had seen a 13% drop in the purchases from the last quarter, according to Redfin. ‘Investor home purchases are falling for the same reason overall home purchases are falling: Surging interest rates and high housing prices have made it more expensive to get a mortgage and buy a home,’ Redfin Senior Economist Sheharyar Bokhari said. ‘While roughly three-quarters of investor purchases are made with cash, investors are still impacted by interest rates because often take out loans to get that cash.'”

From KXAN in Texas. “The Austin Board of Realtors says active listings are seeing a triple-digit percentage growth year over year. Inventory is also rising for the first time in seven months. According to ABoR, active listings skyrocketed 146.2% to 4,173 listings, causing housing inventory to more than double to 1.2 months of inventory, up 0.7 months from last May, as pending sales declined 12.5% to 3,643 transactions. ‘If they’re on the market for more than a few days, right now they’re lowering in price as well. So that’s something we have not seen in a very long time as price decreases,’ said Nanette Labastida, a realtor at Compass. Labastida is seeing more and more houses going on the market every weekend.”

KCRA Sacramento in California. “There are signs the red-hot, pandemic-era housing market is starting to cool, and that means conditions are shifting for buyers and sellers. Realtor Melissa Quade with Coldwell Banker Realty in El Dorado Hills is offering points to consider for those entering the housing market. ‘Sellers: You can’t overprice anymore. You can’t expect the moon,’ she said. ‘You can’t expect you’re gonna get the cash buyer waiving all contingencies.’ Another indicator there’s a shift happening in the real estate market: Realtors are starting to see many more active listings compared to pending sales.”

The Bay Area Newsgroup in California. “Some Bay Area properties owned by a fraud-linked and bankrupt real estate firm have tumbled into foreclosure, raising the specter that investors in the developer’s projects will be wiped out. The properties are sites where SiliconSage Builders and its principal executive Sanjeev Acharya — targets of fraud accusations levied by the Securities and Exchange Commission — had proposed the development of multiple housing projects.”

“The SEC claims that Acharya and Silicon Sage have defrauded about 250 people, primarily from the South Asian community, out of at least $119 million, according to documents on file with the U.S. District Court in San Francisco. For more than a year, a court-appointed receiver, David Stapleton, has been attempting to sell as many properties as possible in a quest to recoup some money for the defrauded investors through proceeds from the sales. In some instances, however, the receiver has been forced to allow lenders on the properties to seize the sites through foreclosure. Two of the properties are in San Jose and one is in Fremont, according to court papers.”

From DS News. “Servicers may not have had a foreclosure department over the last two years because there was no need for it. Suddenly, they are faced with scaling up this department as foreclosures begin to pile up. Lenders and servicers need to assume that there will be a bigger number of foreclosures than what they are currently dealing with.”

From Bloomberg on Canada. “Zohal Habibi hadn’t even moved into her new home in the suburbs of Toronto when she started regretting the purchase. ‘We took a very bad decision,’ she says. It’s not about the house itself. The problem is the price they agreed to pay for the three-bedroom home in March: $920,000 (US$711,000). Not long after, prices started to slide, and quickly. By the time their lender got around to appraising the house in May, it marked the value down to $800,000. A second appraisal a few weeks later was even grimmer — $740,000.”

“Legally bound to the deal but no longer able to obtain a big enough loan to go through with it, the couple pleaded with the seller to nudge down the price. On Thursday, they closed at $810,000. ‘We didn’t know that the market would crash,’ Habibi says.”

“All across greater Toronto, until recently the epicenter of a national housing boom with few peers anywhere, similar tales are piling up. The specifics can vary: from someone who bought a new house before selling their old one and now can’t get as much money as they were counting on, to situations like Habibi’s, where the appraisals that determine the maximum mortgage size come in far below the agreed-to price, to simple cases of buyer’s remorse.”

“But they all amount to one thing: Sellers must agree to a lower price, fast. That’s contributed to home values in metropolitan Toronto declining at an unusually rapid clip — the average selling price is down nearly 9 per cent in three months. And with the pain now spreading to other parts of Canada, such distress threatens to both accelerate and deepen a housing market decline that’s already underway. ‘A lot of the sellers in the market today are effectively distressed sellers,’ said John Pasalis, who runs Toronto-based brokerage Realosophy Realty Inc. ‘This is putting a lot of downward pressure on prices.'”

From CTV News in Canada. “‘We’re not seeing as many multiple offers,’ says Megan Bell, the president of the Kitchener-Waterloo Association of Realtors. ‘Buyers are able to finally get some conditions in. They’re able to take their time.’ Chester Szypula, the senior vice-president of BDO Canada Limited, says we’re starting to see the effects of the market peak from a few months ago. ‘$100,000, $150,000 over asking price, people [are] really put themselves out there, further than they could truly afford.'”

The Telegraph in the UK. “Buy-to-let yields have hit a record low, fuelling fears that property investors will sell up. Landlords could soon turn a loss as higher interest rates bite. In London an investor who pays higher-rate tax will see their net profit fall by £840 a year – 29pc less than before the rate rise. Henry Bates, 58, is a landlord with 65 properties across south-east London. ‘Since the tax changes, we basically don’t make a profit,’ he said.”

YLE on Finland. “The OP Financial Group and bank Nordea forecast that the growth in housing prices in Finland will slow down this year and next, after 2021’s period of exceptional growth. According to Nordea, the capital region has seen the biggest slowdown, owing to a lack of demand for studio apartments, an excess supply due to increased housing construction in the region, and an outflow of people from urban centres. The bank stated that interest rates on housing loans were already on the rise, and predicted that the trend would continue for the next couple of years.”

From NBC New York. “After years of being a beacon for financial markets, the Federal Reserve suddenly finds itself second-guessed as it tries to navigate the economy through a wicked bout of inflation and away from ever-darkening recession clouds. ‘They should have known inflation was broadening and becoming more entrenched,’ said Quincy Krosby, chief equity strategist at LPL Financial. ‘Why haven’t you seen this coming? This shouldn’t have been a shock. That, I think is a concern. I don’t know if it’s as stark a concern as ‘the emperor has no clothes.’ But it’s the man in the street vs. the PhDs.'”

“After officials for weeks had insisted that hiking 75 basis points was not on the table, a Wall Street Journal report Monday afternoon, with little sourcing, said that it was likely more aggressive action was coming than the planned 50-basis-point move. Addressing the notion that the Fed should have been more prescient about inflation, Krosby said it’s hard to believe the data points could have caught the central bankers so off guard.”

“‘The Fed is going to have to raise rates much higher than they are now,’ said Lewis Black, CEO of Almonty Industries, a Toronto-based global miner of tungsten. In retrospect, Black thinks the Fed should have started hiking last summer. But he sees pointing fingers as useless at this point. ‘Ultimately, we should stop looking for who is to blame. There was no choice. This was the best strategy they thought they had to deal with Covid,’ he said. ‘They know what has to be done. I don’t think you can possibly say with the amount of money in circulation that they can just say, ‘let’s raise 75 basis points and see what happens.’ That’s not going to be sufficient, that’s not going to slow it down. What you need now is to avoid recession.'”

From Politico. “Coinbase, a publicly traded exchange and one of the largest global crypto marketplaces, slashed 18 percent of its workforce this week to brace for the slide. Billionaires Cameron and Tyler Winklevoss said they would lay off one-tenth of the workforce at their exchange. Even Crypto.com, which signed a $700 million deal to put its name on Los Angeles’s NBA arena just seven months ago, has cut 260 of its staff. ‘When everything’s going up, it hides a lot,’ Commodity Futures Trading Commissioner Caroline Pham said in an interview. ‘From a regulator’s perspective, it really just underscores that we just need to be doing something.'”

“SEC Chair Gary Gensler says the rules around crypto lending are clear. ‘Lending platforms, they’re operating a little like banks,’ Gensler said at an event, adding that trading platforms and exchanges offering sky-high yields have largely failed to disclose enough information about their products to investors. ‘If it seems too good to be true, it just may well be too good to be true,’ he said.”

“While some decentralized finance (DeFi) lenders – or more centralized businesses hawking access to DeFi-like yields – might offer cheaper alternatives to tightly regulated banks, a lack of institutional underwriting standards injects even more risk into crypto markets. ‘If you’re offering higher yield by taking on worse loans, then that just creates a 2008 subprime crisis in a different industry,’ said Mike Boroughs, co-founder and head of portfolio management for the blockchain investment firm Fortis Digital.”

The Daily Mail. “Australia’s crypto investors are feeling the pinch as hundreds of billions are being wiped off the value of the currencies. The young Australians who profited most from getting in early have now seen large parts of their quickly-acquired wealth disappear, with many having lost a fortune in the latest downturn. ‘I thought I was a genius – ‘I’m going to be a billionaire by the time I’m 30,’ but unfortunately that didn’t happen,’ investor Queenie Tan told Daily Mail Australia. ‘I invested more than I was prepared to lose, I was swept up in the euphoria.'”

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This Post Has 176 Comments

    2. Joe Biden is a pedophile and a serial sexual predator.

      The Democrat Party is the party of institutionalized pedophilia, child trafficking, and child rape.

  3. “Adjustable-rate mortgages ‘make sense for some people,’ Slevin said.”

    Bahahahahahahahaha … in an environment where interest rates are rising these “some people” it makes sense for just happen to be bankers.

    The stupidity, it burns.

    I like it, and I love it, and I want a lot more of it.

    1. I realize this time is different, but wasn’t it adjustable rate mortgages that got a lot of people underwater and into foreclosure in the last mortgage market meltdown?

      1. I just read something (and I don’t remember where) that in 08, there were 7 million foreclosures (US) and only about 1 million of those were ARM’s, the rest were the usual 30 year fixed. People lose their jobs, houses way underwater, etc.

        1. The first jingle mailers last time were fully qualified prime borrowers who owned multiple shacks, not connected to job losses.

          1. fully qualified prime borrowers who owned multiple shacks,
            Data from last bubble from a TBTF bank had Delinquency for $1.0 MM properties at something like 13.3% and DQ for Freddie (conforming fixed) at about 4.0% (from memory from 10+ years so data may not be exact).
            Lots of Speculators in the $1.0M plus properties whereas Freddie conforming where homes people lived in.

        1. The crucial 6 seconds begins 2:15 and the average joe has no clue about its significance.

          1. The scene where Baum explains adjustable rate mortgages to the stripper (starts at 3:50) is pretty revealing as well.

        3. x2…… Like a bowling ball bouncing down the stairs.

          <Molalla, OR Housing Prices Crater 14% YOY As Double Digit Price Declines Blanket Portland Area

          https://www.movoto.com/or/97038/market-trends/

          As a famed economist explained, “90%+ of all mortgages since 2011 are subprime…. did you expect prices not to fall?”

      3. I’m waiting for the this time it’s different credit score narrative to collapse. It’s easy to have a good credit score in an economy where the used car you bought two years ago and drove for 50k miles is worth more than you paid for it. The credit score bubble is going to pop along with the housing bubble.

        1. A credit score is just snapshot of a debtor’s predicted default rate if a creditor extended credit today.
          people in the high 700’s and low 800’s rarely default. It’s the debt donkeys in the mid 700’s and high 600’s with their temporarily high credit scores that are gonna go back into the 500’s which is exactly what FICO’s algo is designed to predict.

    2. Imagine paying today’s prices with tomorrow’s interest rates! Can we get to a $10,000 mortgage payment on a bungalow, about the same time said bungalow dips to $150,000 in value?

  4. From the video above:

    Canadian Real Estate Lawyer on Deals during Housing Crash.

    Jun 16, 2022 In this video we talk about the risks of deals not closing, potential solutions, and candid insight from a top Toronto Real Estate Lawyer.

    6 minutes.

  5. Some good news for a Sunday.

    “Rep. Dan Crenshaw and his staff were accosted and forcefully challenged by far-right provocateurs including members of the Proud Boys at the Republican Party of Texas Convention Saturday.

    As other people followed the group and shouted things like “You sold us out” and “You’re a traitor”

    “You’re giving Ukraine all this money, and red flag laws too, Dan?,” a Twitter user named Alex Rosen asked the 38-year-old congressman as he was ushered through a lobby by a uniformed officer while walking with several other people, footage showed.

    I CALL OUT DAN CRENSHAW FOR HIS WORLD ECONOMIC FORUM INVOLVEMENT AND SELLING US OUT WITH @Ccampbellbased #WEF22 #texasgopconvention pic.twitter.com/H4ECF13crK
    — Alex Rosen (@football_56OL) June 18, 2022

    As the confrontation continued, the content creator called Crenshaw a “fraud” and a “World Economic Forum sell-out.”

    “Klaus Schwab is literally your daddy,” the heckler said, referencing the executive chairman of the World Economic Forum.

    “Dan Crenshaw is a traitor! He needs to be hung for treason!” a man in a red Donald Trump hat exclaimed towards the end of the 2 minute and 15 second clip.

    Crenshaw, a former Navy Seal, lost his eye while deployed in Afghanistan. The “Eyepatch McCain” insult was coined by Fox News host Tucker Carlson, who equated Crenshaw’s support of sending military aid to Ukraine as it fights off Russian invaders to the hawkish policies of the late Republican Sen. John McCain.”

    https://nypost.com/2022/06/18/dan-crenshaw-confronted-by-proud-boys-far-right-activists-at-texas-gop-convention/

  6. Replacement Theory is not a theory.

    “More than 2,500 people who were released from Border Patrol custody after illegally crossing from Mexico have opted to take 79 free, state-provided buses to the nation’s capital under initiatives rolled out by governors of each state, spokespeople exclusively shared Tuesday.

    More than 2,000 people on 65 buses have arrived in Washington since Gov. Greg Abbott (R-TX) began the operation in mid-April.

    In Arizona, 14 buses carrying 523 people have departed since it began in mid-May.

    Ducey’s busing initiative helps alleviate the pressure from communities such as Yuma, Arizona, by picking up people immediately after they are released by the Border Patrol in town.

    Yuma has seen migrants from all over the world cross the border over the past year, as reporter Jennie Taer of the Daily Caller News Foundation documented in late May.

    “This is a problem caused by Washington. We’re bringing it to Washington, and we expect Washington to foot the bill. We’re going to send them a bill,” Ducey spokesman C.J. Karamargin told the Washington Examiner in May.”

    https://www.washingtonexaminer.com/policy/defense-national-security/arizona-texas-bus-migrants-washington-biden-border-crisis

    The Southern Poverty Law Center think they can silence Tucker Carlson.

    The Southern Poverty Law Center has no legal authority to govern anything.

    The Southern Poverty Law Center is a criminal terrorist organization.

    Anyone who works for, or with, the Southern Poverty Law Center, is an enemy combatant guilty of crimes against the United States Constitution.

  7. ‘Demand continues to fall in most areas but the dominant effect is now the rise in supply, with new listings arriving at a pace that is well above average,’ it said, predicting that Buckeye, Queen Creek and Maricopa already are close to a balanced market, where bidding wars have evaporated and sellers no longer can call all the shots.’

    ‘There are two things that concern me about the sales decline in 2022,’ it continued: ‘It is taking place in May, which in a healthy market should be one of the busiest months for closing. We are seeing a very steep drop in a short period. In this environment, selling a home is no longer like falling off a log. Showings will be fewer in number and offers far less easy to get than they were in March’

    They are putting on their brave face in valley of a million regrets. But this should be the boom time cuz these loan/purchases happened a month or month and a half ago. Before the rate thing really hit. Cromford knows the price per square foot already headed down.

    1. ‘Demand continues to fall in most areas but the dominant effect is now the rise in supply, …’

      … said someone who never took college economics.

      In fact, the drop in demand is a direct cause of the rise in supply.

  8. ‘According to ABoR, active listings skyrocketed 146.2% to 4,173 listings, causing housing inventory to more than double to 1.2 months of inventory, up 0.7 months from last May, as pending sales declined 12.5% to 3,643 transactions. ‘If they’re on the market for more than a few days, right now they’re lowering in price as well’

    But 6 months? Sellers market? The Austin video I posted yesterday pegged the active listings at over 7,000.

  9. ‘‘A month ago, I would’ve thought that 7% would be outlandish and it would be delusional to think they could go that high…Now I think okay, well, 7% might be possible. Every time I think they’ll stop, they keep going up’

    Remember long ago when 7% was maybe in 2023? It’s a week later.

    1. I tried telling my wife that interest rates for the 30 year would be near 7% by the end of the year but she thought I was nuts. I may be correct earlier than the end of the year.

      1. A colleague of mine just bought a $600K house. The wife pushed him into it – he’d wanted to rent until after the crash.

  10. ‘Investor home purchases are falling for the same reason overall home purchases are falling: Surging interest rates and high housing prices have made it more expensive to get a mortgage and buy a home,’ Redfin Senior Economist Sheharyar Bokhari said. ‘While roughly three-quarters of investor purchases are made with cash, investors are still impacted by interest rates because often take out loans to get that cash’

    The dirty little secret.

      1. “…are probably starting to get margin calls….”

        Margin calls for both stocks and crypto along with increasing dollar interest rates are all the ingredients needed for a ‘black swan’ event.

        Note to Suzanne said you can do this: Always stay close to you desk, you may have to duck under it.

  11. Housing.

    Housing –> property taxes –> public education.

    The libertarian attitude is that “nobody cares what consenting adults do in the privacy of their own bedroom.”

    But now the Marxist / Globalist / Democrats are coming for your children, and if you deny them your children, they will destroy you.

    Also note that the Associate Press is globalist scum media.

    “This photo provided by Laura Short shows Eli Bundy on April 15, 2022 at Deception Pass in Washington. In South Carolina, where a proposed law would ban transgender treatments for kids under age 18, Eli Bundy hopes to get breast removal surgery next year before college. Bundy, 18, who identifies as nonbinary, supports updated guidance from an international transgender health group that recommends lower ages for some treatments. (Laura Short via AP)
    1 of 2
    This photo provided by Laura Short shows Eli Bundy on April 15, 2022 at Deception Pass in Washington. In South Carolina, where a proposed law would ban transgender treatments for kids under age 18, Eli Bundy hopes to get breast removal surgery next year before college. Bundy, 18, who identifies as nonbinary, supports updated guidance from an international transgender health group that recommends lower ages for some treatments. (Laura Short via AP)

    A leading transgender health association has lowered its recommended minimum age for starting gender transition treatment, including sex hormones and surgeries.

    The World Professional Association for Transgender Health said hormones could be started at age 14, two years earlier than the group’s previous advice, and some surgeries done at age 15 or 17, a year or so earlier than previous guidance. The group acknowledged potential risks but said it is unethical and harmful to withhold early treatment.

    The association provided The Associated Press with an advance copy of its update ahead of publication in a medical journal, expected later this year.”

    The Associated Press is globalist scum media.

    “The updated guidelines include recommendations for treatment in adults, but the teen guidance is bound to get more attention. It comes amid a surge in kids referred to clinics offering transgender medical treatment”

    A surge in grooming.

    “Many experts say more kids are seeking such treatment because gender-questioning children are more aware of their medical options and facing less stigma.”

    One of the primary goals of Marxism is the destruction of the nuclear family, and that children become property of the state.

    “Estimates on the number of transgender youth and adults worldwide vary, partly because of different definitions. The association’s new guidelines say data from mostly Western countries suggest a range of between a fraction of a percent in adults to up to 8% in kids.”

    Mostly Western countries? The same ones that the World Economic Forum boasts of having “penetrated” into the governments of.

    https://apnews.com/article/gender-transition-treatment-guidelines-9dbe54f670a3a0f5f2831c2bf14f9bbb

    There is no such thing as a “trans child” because there are only groomer parents (i.e. single moms), groomer teachers, groomer school psychologists, groomer doctors and groomer Big Pharma sales reps.

    The only good globalist is a dead globalist.

    2. At 18 do what the f*^k what you want. If the government can send you to die, you should be able to do anything. Until then it’s hands off, including parents.

      We need Red Flag laws for Woke parents.

      1. First, this is blatant child abuse occurring with adolescent children being groomed into the belief that they are not the sex they were born with. Second, it’s not okay for an 18+ to get whatever medical procedure or treatment performed to their body simply because they are legally “adults”.

        Why? Because physicians and other medical professionals cannot do just anything to patients–they can only treat patients in an ethical manner which society and the medical profession approves. For example, a patient with anorexia nervosa can’t go to a doctor and demand to have their stomach stitched so they can lose weight faster. Patients with serious mental disorders cannot be treated as if they don’t have a serious mental disorder.

        In the case of a anorexic, encouraging or going along with their perceived reality will simply end up killing them faster. Same goes for a schizophrenia patient–not treated serious symptoms can end up with lethal results not just for the patient.

        Any gender dysphoria patient has a serious mental disorder. Doing ANY “conversion” therapy should be illegal and any doctor that performs these therapies should have their licenses revoked. Doctors can’t encourage mentally ill patients to do permanent damage to their bodies, it’s a simple as that.

          1. There are plenty of perverts working at children’s hospital all over this country unfortunately. As has been proven during this Covid-19 “pandemic”, modern medicine no longer believes in science or even honesty. Medicine is as corrupt as the real estate industry now–the difference is when a realtor lies to you, you only end up losing your money. When a doctors lies to you, you can end up dead or permanently disfigured or handicapped.

          4. Is there ANYTHING that these vaccines don’t do to cause harm?

            It’s been quite clear for some time that the true objective of the jab is depopulation. This is accomplished by sending people to an early grave AND by decimating the birth rate.

          5. Is there ANYTHING that these vaccines don’t do to cause harm?

            Nope. It gets worse the more you look at it. I stopped.

          6. Via ZH, Life Insurance Payouts Jumped 163% During First Year Of Vaccine Rollout (no link)

          7. RE: The Gateway Pundit article, yes, it’s a medical genocide.

            There was a genocide in Germany in the 1930s-1940s, and after that, the Allies held the Nuremburg Trials, and when there were guilty verdicts, there were swift executions.

            These globalists need to DIE.

          8. Peter Marks, director of the Center for Biologics Evaluation and Research (CBER) at the Food and Drug Administration (featured prominently in the below video), needs a seat next to Fauci at Nuremburg 2.0.

            FDA Medical Mashup #1 VAERS (5m5s)

      2. BUT that has to work in reverse too, which it doesn’t today

        You have to hold the parents fully responsible, criminally and financially, for say tamir rice allowing this big 175 lb 12 year old to go to a public park aiming a “gun” at people………..

  12. ‘For more than a year, a court-appointed receiver, David Stapleton, has been attempting to sell as many properties as possible in a quest to recoup some money for the defrauded investors through proceeds from the sales. In some instances, however, the receiver has been forced to allow lenders on the properties to seize the sites through foreclosure’

    No buyers eh? This is like the steaming pile of zillow. How do they lose whopping amounts of phony money if it’s red hotcakes? If bay aryans are so rich, why are these places rotting in the sun?

  13. ‘A month ago, I would’ve thought that 7% would be outlandish and it would be delusional to think they could go that high,’ ​​Holden Lewis, a housing expert at personal-finance site NerdWallet, told ABC News.

    And this clown bills himself as an “expert”? Interest rates so far below the rate of real inflation is what’s outlandish. Heckova job, Jerome Powell & Yellen the Felon.

  14. ‘It ended up going under contract for $12,000 above the list price with an inspection, whereas three months ago, the buyer probably would have paid $60,000 over asking’

    But those were the winnahs! Jen?

    1. How can airlines be forced to hire pilots that don’t exist? Oh that’s right. We’re talking about Democrat/Liberal logic here. This is like their solution to high gasoline prices: People should just out and buy electric cars.

      1. I suppose they want them to hire foreign pilots. Those from 3rd World countries would probably be delighted to work for one of the majors, especially if a green card is part of the deal.

        1. Nothing wrong with foreign pilots–many of them received their training here in America. But not all foreign pilots meet the minimum FAA standards–the most important one being that a pilot needs a minimum of 1500 hrs to qualify for their ATP certificate. It used to be 500 hours–this change in the rules is responsible in a large part for the current pilot shortage.

          Also, there’s a worldwide pilot shortage. ALL the airlines everywhere are scrambling to train pilots. Being an airline pilot is a high prestige job everywhere, and it also pays relatively well when compared to most jobs in foreign countries. So not all foreign pilots want to come to America and fly for a commuter outfit flying out of Fresno California. Americans think that we’re the country of milk and honey and that we’re so much better than anyplace else.

          That’s not the case.

          2. COVID vaccines are taking a toll on pilots, but the MSM won’t touch that story.

            Many chose to retire early to avoid the jab.

  16. Time to lower the boom on property speculators who have run up prices while depriving the less well off of a roof over their head.

    87,000 Queensland properties ‘empty’ despite rental shortage

    https://www.news.com.au/finance/real-estate/renting/87000-queensland-properties-empty-despite-rental-shortage/news-story/fd36eefacc14c7b6da2aab4735c1e45c

    Thousands of Queensland properties stand empty, despite a rental crisis filling up homeless shelters and leaving some living in tents.

  17. In 2020 the City / County of Denver voted 79.55% for Pedophile Joe Biden.

    As catalytic converter thefts continue to rise, frustration mounts:

    “LITTLETON, Colo. — It took just 45 seconds for two thieves to cut out the catalytic converter on Steve Jones’ car and make their getaway just before 5 a.m. earlier this year.

    Jones’ security cameras on his front door captured the theft and show the ease at which the men got under Jones’ car and cut off the catalytic converter. They aren’t even phased when Jones’ neighbor comes outside and attempts to take a picture.

    “I couldn’t believe they had the audacity to come up to my driveway even so close to my house,” Jones said. “I just felt really violated.”

    Jones’ neighbor told him the suspects pulled out a gun and told the neighbor to go back to his house as they fled the scene.

    But what Jones found nearly as frustrating was what he felt was a lack of response from the Littleton Police Department.

    Jones filed a report and sent the video to police, but he says he hasn’t heard anything from the department.

    “They just don’t care,” he said. “This is not a crime that they care about.”

    Vote like California, become California.

    “Denver7 Investigates has spent months digging into crime data and found that catalytic converter thefts have increased more than 5,000% statewide between 2019 and 2021.”

    https://www.thedenverchannel.com/news/investigations/as-catalytic-converter-thefts-continue-to-rise-frustration-mounts

    5,000% is that a lot?

    1. So Joe, odds are 4 in 5 that you voted to have your sh!t robbed.

      Happy you got your wish. Be careful where your wife and daughters walk.

      1. So Joe, odds are 4 in 5 that you voted to have your sh!t robbed.

        FWIW, Littleton isn’t in Dumver city limits, so the ratio might be less than 4 in 5.

        1. It’s Arapahoe County (I live in Arapahoe County, sadly not too far from Denver County).

          Littleton, Sheridan, Englewood, Centennial, Greenwood Village may not reach the 79% level, but there’s plenty of virtue signal down here.

  22. Bitcoin is freedom. Biden bucks is slavery.

    https://www.zerohedge.com/geopolitical/triple-barreled-gun-destroying-african-economies-inflation-government-debt-taxes

    Evidence from the past and present, from developed and developing countries, unequivocally shows that inflation is a government and central bank policy that cannot go on forever and that does come to a catastrophic end, however long the run may be. 

    Postcolonial Africa has been plagued by severe monetary instability due to inflation: currency crises, erratic currency fluctuations, currency devaluations, currency resets, and even hyperinflation. Such a chaotic, destabilizing, and impoverishing monetary situation is not accidental or natural. It is the inherent consequence of Africa’s fiat money systems in the context of monetary colonialism. 

    inflationary currencies undermine economic development. They lead to deindustrialization and leave society more dependent on the state. Notice that the more a system depends on the state, the crueler, more oppressive, and thus unsustainable it becomes.

    1. Bitcoin = Scam digital gambling token with zero intrinsic worth whose “value” is predicated on the willingness of a Greater Fool to take it off your hands. Once the Greater Fool supply is depleted, look out below.

        1. Seems like education programs for women greatly reduces their number of children. But I suppose that’s not fast enough for the Kissinger types with their spreadsheets.

          1. Sad but true. Feminism led women to believe they can “have it all.” Speaking from personal experience and observation, it’s a lie.

  23. “Pandemic prevention measures” were always about surveillance and control, not public health.

    Here’s why customers at a handful of tiny banks in central China are up in arms

    https://www.npr.org/2022/06/17/1105970843/heres-why-customers-at-a-handful-of-tiny-banks-in-central-china-are-up-in-arms

    Angry victims of a multi-million dollar banking scam in China are accusing the government of manipulating health codes to restrict their movement, raising concerns of abuse of power and technology.

    1. Remember the names.

      Remember the names of everyone in the United States who supported vaccine mandates, and vaccine passports, and for firing people from their jobs for not getting injected with an experimental mRNA poison that is not a vaccine.

      Remember the names.

      There will be no “get out of jail free card” for this.

      Only nooses…

  24. The mainstream media is losing control of not just the inflation and housing narrative, but the war narrative too. Best 2 bail Biden bucks, like your life depends on it, because it does.

    https://www.zerohedge.com/geopolitical/when-lies-come-home

    Diogenes, one of the ancient world’s illustrious philosophers, believed that lies were the currency of politics, and those lies were the ones he sought to expose and debase. To make his point, Diogenes occasionally carried a lit lantern through the streets of Athens in the daylight. If asked why, Diogenes would say he was searching for an honest man.

    Finding an honest man today in Washington, D.C., is equally challenging. Diogenes would need a Xenon Searchlight in each hand.

    Still, there are brief moments of clarity inside the Washington establishment. Having lied prolifically for months to the American public about the origins and conduct of the war in Ukraine, the media are now preparing the American, British, and other Western publics for Ukraine’s military collapse. It is long overdue.

  25. “This great home located on a beautilful .71 acre lot, is ideal for a flip or a homeowner willing to make a few upgrades and repairs which include a roof replacement.”

    This is the lead description for a Tallahassee listing.

    Realtor scum.

    1. My inlaws in panama city could not get any roofers to replace their roofs on the rental houses they owned. All so busy with new construction. Now the houses are filled with black mold from 2 years of leaks.

      1. Money talks bs walks……..probably should have offered them $5 hr more than anyone else……

  26. Look at the size of Beta O’Rourke’s arms, he couldn’t punch his way out of a wet paper bag.

    “Former Rep. Beto O’Rourke (D-Texas) said in an interview broadcast on Sunday that Texas needs to find “common ground” on gun control by respecting the Second Amendment while also requiring safety measures on firearms.

    O’Rourke, the 2022 Democratic candidate for governor of Texas, slammed current Gov. Greg Abbott (R) for what he described as “extreme” gun policies in the interview with KXAN-TV in Austin …

    O’Rourke acknowledged the importance of guns to the culture of Texas, highlighting that he himself is a fourth generation Texan”

    https://thehill.com/homenews/state-watch/3528628-orourke-time-to-find-common-ground-on-gun-control/

    Shall not be infringed, @sshole.

    1. “Hell yes, we’re coming to take your AR-15s and AK-47s!”

      “Common ground” with globalist Quislings who are working off the same playbook their Bolshevik forerunners implemented in Soviet Russia in the 20s and 30s? I don’t think so. I’ve read a bit too much history to go quietly into that Long Goodnight that Comrade Beto and his ilk have planned for me and mine.

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

    “NATO Secretary General Jens Stoltenberg said in an interview with a German newspaper published Sunday that the war in Ukraine could last for years.

    In the interview with Bild am Sonntag, Stoltenberg cautioned that “nobody knows” exactly how long the war will continue, reiterating that the country needs support for as long as Russia’s invasion persists.”

    It’s time to negotiate the terms of surrender.

    “We must prepare for the fact that it could take years,” Stoltenberg told the newspaper. “We must not let up in supporting Ukraine. Even if the costs are high, not only for military support, but also because of rising energy and food prices.”

    We? Who is this we? Sounds like something that an unlected globalist bureaucrat would say.

    “U.S. lawmakers have approved more than $50 billion in total assistance to Ukraine since Russia invaded the country on Feb. 24.

    The invasion has also disrupted supply chains for some exports, namely oil and grain, exacerbating high inflation that has caused deep political problems for Democrats in the U.S. as the midterm elections approach.”

    https://thehill.com/policy/international/3528991-nato-chief-says-ukraine-war-could-last-for-years/

    Russia is winning.

    And remember, Zelensky is not a Christian, and that if you support him, neither are you.

    1. When the media says X (“the war could last for years”) It’s best to believe that Y (it’s almost over and russia is going to win) is moist probably true.

    2. https://sputniknews.com/20220618/absolute-explosion-of-inflation-to-hit-us-in-13-days-affecting-midterms-gop-pollster-warns-1096430526.html

      We are 13 days away from an absolute explosion on inflation,”
      The political consultant told host Joe Kernen that in his opinion the full impact of inflation will be felt during the upcoming 4 July weekend. He singled it out as one of the three American holidays, along with Thanksgiving and Christmas, when the population of the country typically “buy more food than at any other time of the year”.

      Bail Biden bucks like your life depends on it, because it does.

  28. Arizona real estate Q&A

    Streamed live 22 hours ago We are definatley at the point where the asking price in the Arizona real estate market may not be the closing price. While there are plenty of examples of homes selling over list the market is changing rapidly

    https://www.youtube.com/watch?v=MHlGnMKJp2o

    40 minutes. At 1:20 “half of the listings are vacant…They are either investor owned or new construction.”

  29. The Washington Post is globalist scum media.

    In some cultures, multiple fathers — or no fathers at all — are the norm (6/17/2022):

    “I’m an adoptive and biological dad, but other traditions suggest our definitions are arbitrary”

    Marxism.

    “Our relationship, like the parent-child experience of millions of other adoptive families in the United States, reflects the way the biological and social meanings of fatherhood can diverge widely.”

    Globalist scum media.

    “in every culture and historical era, there are many ways to become a father, socially speaking, even if there is only one fundamental way to do so biologically. Adult relationships vary in form across societies and include not only the type most common around the world today — heterosexual monogamy”

    Marxism.

    “This sheer variety of human mating practices helps explain some of the more baroque notions of biological paternity found around the world”

    Globalist scum media.

    https://archive.ph/lBfjU

    If these Marxists / Globalists / Democrat Party get their way, your children will become the property of the state.

    1. If these Marxists / Globalists / Democrat Party get their way, your children will become the property of the state.

      They want everyone and everything to be their property. And Heaven help you if you are labelled a “useless eater”.

    2. This author and his wife were canceled at Yale University over suggesting that students should be free to choose their Halloween costumes, opposing the call by woke students to avoid certain costumes. They ended up resigning. The Christakes were hoist by their own petard, as they were previously on the opposite of the debate over final clubs at Harvard. For all those fancy degrees, they sure are slow learners.

      https://www.dailymail.co.uk/news/article-3350471/Yale-teacher-resigns-offensive-Halloween-costume-email.html

  30. Meanwhile, across the pond.

    Russia Today — UK should be ready ‘to fight in Europe’ – army chief (6/19/2022):

    “British forces must prepare “to fight in Europe once again,” the new chief of the General Staff, General Patrick Sanders, said, according to a Sunday report from Sky News.”

    The subjects (they are subjects, not citizens) of the UK can not afford food, gasoline, heating, or electricity.

    “There is now a burning imperative to forge an Army capable of fighting alongside our allies and defeating Russia in battle,” the general wrote in his letter, cited across the British media.

    He stressed that he is taking over his new responsibilities during a “new era of insecurity.” He also claimed to be the first chief of the General Staff since 1941 “to take command of the Army in the shadow of a land war in Europe involving a continental power.”

    https://www.rt.com/news/557443-uk-russia-army-europe/

    Any American who supports any kind of military or financial aid to Ukrainistan should have their citizenship revoked and be expelled from the country.

    That’s the kind alternative, because as we all know, the punishment for treason is death.

    Support Ukrainistan? You are a TRAITOR.

      1. Either the Globalist Cabal loves to poke the bear, or they just really want Russia to invade Lithuania.

    3. This is 2022, not 1939. The Europeans are counting on America to fight their war against Russia. America doesn’t have a bone in this fight. No national security issues, no economic issues, no political issues. Russia and Ukraine might as well be one country as far as America is concerned.

      If some panty wearing general in Britain or NATO wants to start another European war, then go at it now. But America isn’t coming to this absurd drama.

        1. America only is “there” when our boots are getting shot at and coming home in coffins. As much as I don’t want America to give a dime to Ukraine, I pretty certain that even the dumbest Democrat and NeoCon knows that if we send troops that end up getting killed, the effect on Democrats in November will be even more dramatic than it’s guaranteed to be now.

          $5 gas is pissing people off royally. It’ll be $6.50 in November. Adding dead Americans to that pile will just drive people REALLY over the edge. And I don’t care about the Dumocrats/Neocons that want wars. Most Americans don’t, just like they don’t want $5 gasoline.

          1. We just spent 20-yrs and roughly $7-Trillion in the middle-east squeezing Iran on both sides from within Afghanistan and Iraq under the guise of nation building to insure our economic sanctions are enforced due to lack of nuclear inspections, and all it did was buy Israel more time. That money could have been middle-class jobs building and maintaining our infrastructure, e.g., bridges, highways, dams, canals, electric grid, etc.

      2. It would be the supreme irony if The Soy who voted for Brandon because “free community college” ended up getting drafted instead to fight WWIII.

        1. I was watching a free documentary on my free Roku device about life in England during WW II. It was an eye opener just how difficult life was there during the War. In London over 50,000 were killed by German bombs, V1 and the V2 rockets. And millions were injured, displaced or made homeless. There were severe shortages of everything including food. How they coped with everything was just amazing.

          People today, especially young people, don’t even have a concept of what people had to deal with back in those dark days. Old folk boomers like me at least had fathers that fought in combat during the war and came home disabled and adversely affected from their experiences. Today, people think that they have it hard if the government overturns a court case like Roe v Wade.

          Or they get addressed by the wrong pronoun. It’s just staggering to see how corrupt our values are now–just how deep we’ve sank into the filth and perversions of outrageous decadence. It’s like we’re living in the world of Caligula complete with the raping of children and the tossing out of all that is good and virtuous in human society.

          Maybe the world needs to push the button and blow itself off the face of the globe with total thermonuclear war. Then humanity will have to start over from scratch.

          1. Let’s not throw the baby out with the bath water. Just get rid of the Davos crowd.

          3. Indeed, the sun had finally set on the Empire. However, if you were an USGI with your phat Yankee paycheck it was “all you can eat” of the English ladies who were not waiting around for the broke-åss Limeys during the two year build-up prior to the Normandy invasion.

          4. However, if you were an USGI with your phat Yankee paycheck it was “all you can eat”

            I wouldn’t characterize American GI’s in England before the June 6th Invasion in this way. The thousands of GI’s in the Air Force were sustaining absolutely horrendous losses. Never in the history of this country had we suffered such high casualty rates. Any pilots, air crew members or ground crews that went off partying and getting drunk while on leave were trying to forget all of the friends and comrades that they lost. And then a huge number of those Air Force guys would never go home except in a casket, or the lucky ones ended up POWs.

            As for the Army GIs, whatever good times they had before D-Day were all erased once they landed in France. By December 1944, the US Army was sustaining over 85,000 battle casualties in a month. This doesn’t count the other hundreds of thousands of non-battle casualties those GI who were chasing skirts in England sustained from trench foot, illness and combat fatigue.

            My dad was not in the European Theater, he was in Italy. Their infantry regiment had barely enough time to gather their gear when their feet hit the soil of Italy and they entered combat. From then on, it was a meat grinder. The same thing happened when they got to France. Their outfit got trucked to Northern France and they hit the front lines in the Vosges Mountains the next day. My dad didn’t get a single day’s rest before he got hit and sent to a hospital in the rear echelon. Before long, he was on his way home on a hospital ship.

            The GI experience that most people have in their minds in this country comes from Hollywood, and Hollywood doesn’t know their @ss from a hole in the ground when it comes to what really happened in the war. Fortunately, the American homeland was left untouched by the war. The same can’t be said for Britain and the rest of Europe. It’s insulting to denigrate and ignore the sad reality that so many British people suffered because of the war.

            Americans don’t know $hit about The War.

          5. Plenty of British and European ladies were eager to accompany GIs back to the U.S., and they went about making that happen.

          6. I am the grandson of a US Army Air Corps B-24 Liberator navigator. His plane was shot down over Wiener Neustadt, Austria while bombing a Messerschmitt factory in May 1944, and he then spent 11 months in a German POW camp. Let’s just say the ladies (probably) weren’t really on his mind at that point; besides he was already married prior to the war. He was lucky to escape the plane alive as he was one of 3 or 4 to bail out successfully. Troop morale had to be rock bottom when you saw so many of your comrades die with such a high attrition rate. There’s a video on YT from the inside of a B-24 Liberator being flown over Florida several years back and those things were death traps. And they were being flown mostly by 22-25 y.o. pilots with just a few hundred hours of training at best. It’s amazing anyone came out alive.

  31. June 2022 Real Estate Market Update- Seattle, Bellevue & Eastside. Bellevue Real Estate Agent Update

    Jun 17, 2022 Bellevue real estate agent, Oleg Doukhnevitch highlights Seattle and Bellevue’s real estate market in June 2022 and provides real estate forecasts for the 2023 housing market. Is the housing bubble 2022 coming? The market is changing dramatically with a hike in mortgage interest rates.

    https://www.youtube.com/watch?v=olBjxzXUZ5Q

    15 minutes. At 4:20, graphic says East Side median down over 100k from April to May.

  35. Real Estate Market is Shifting FAST! This is how we are preparing for whats to come!

    Streamed live 22 hours ago Our biggest buyers have COMPLETELY paused purchasing homes for the next 90 days. Contracts are falling through and most investors are scared of whats to come. The next 3-6 months is going to be really weird to be in real estate.

    At the same time, this presents a massive opportunity to those brave enough to dig their heels in and pivot. We are making some changes to our approach to our new property acquisition and thought I would share it with you as this is happening in real time!

    https://www.youtube.com/watch?v=E1ukxqO-zrA

    19 minutes. He says Queen Creek and mentions Phoenix, but it isn’t indicated on the video text. QC “buyer activity down 41% in the past two weeks.” Big buyers are the big hedge funds. Says it’s happening in Florida Georgia and North Carolina too. 2:25 “Like they don’t even exist anymore…don’t respond to emails.”

    I gather he is a “whole-seller.”

  38. All these realtors in the videos use “months of inventory” as a statistic that it’s all good. but what are they using as the rate of sales? (it’s # of houses on market divided by # sold) but what happens if the number sold goes way way way down. Even if the number of houses stays the same that number of months of inventory is going WAY up. And of course supply is increasing dramatically along with sales going down. I think that number (that they all use) is going to take massive jumps up very quickly.

      1. I worked with a guy who had the Kansas City Chiefs logo tattooed on one side of his neck (this is in Denver) and a red pair of lips kiss/lipstick tat on the other side of his neck.

    2. Can’t take anyone seriously who looks like a parrot. and no way would I buy and sell a piece of candy much less a house from this person.

      1. “Can’t take anyone seriously who looks like a parrot.”

        A joke:

        “Why are you staring at me?”

        Years ago I was in the Navy stationed in the Philippines and one night I got really drunk and ended up having sex with a parrot and I was wondering if you might be my son.”

    2. Based on just 10 COVID-19 cases — seven among kids who received a placebo, and three among those who received the vaccine. 3!!!!!!!!!!

      1. Pathetic. Like the FBI, the FDA needs to be dismantled starting with the top and rebuilt again after tossing out all of the managers.

  41. Builders Are Adapting
    Jun 13, 2022

    Wow, is it an interesting time in real estate❗️
    👉 I received two emails this morning from National Builders. One has a presence in St. Louis and the other has a major presence in Florida. 🤔What did both of those emails say that I have not seen in years❓️

    It’s Mark Gellman, eXp Realty, St. Louis, Missouri.
    📌”New Incentives Through June 30th. If using X builder home funding, the builder will contribute 3% of the purchase price, capped at $24,300, as a closing cost incentive.”
    📌”25% off unlimited options, plus cash to close when you purchase your new home from X builder.”
    👉 These type of builder incentives, are something we certainly haven’t seen in years.
    They’re both national builders, so they’re seeing something in the market, probably the same thing we’ve been talking about, but they’re seeing it on a much bigger scale 🤷‍♂️
    The market is changing. Builders are adapting. It’s an interesting time right now in real estate.
    📌 If you are a seller the time is right now to get your home on the market, as “back to school” demand is here and has always been one of the strongest selling times.
    📌 We are hearing from a lot of buyers that are going to be waiting, waiting for what🤷‍♂️❓️ Although we are seeing changes, we are not seeing significant changes. However, the biggest changes we are seeing, is the decrease in buying power 📉 as interest rates continue to rise 📈, even if there is not additional significant pricing appreciation.

    https://www.youtube.com/watch?v=JPatBZf7YXo

    1:14.

  44. Are the French sheeple finally waking up from their decades-long coma?
    Electing globalist stooges hasn’t worked out so well for them – or us.

    President Macron FAILS to secure majority in French parliament while Marine Le Pen’s far-right National Rally makes major gains, projections show

    https://www.dailymail.co.uk/news/article-10931711/Emmanuel-Macron-casts-ballot-looks-hold-left-wing-coalition-WIN-majority.html

    President Emmanuel Macron failed to win a majority in the French Parliament today as the Far-Right National Rally was expected to fill a record 89 seats, according to early projections.

    Instead, it was Marine Le Pen of the National Rally who was celebrating a massive victory, according to an early IPSOS poll.

    Its 89 seats will turn them into a serious parliamentary group capable of challenging the government at every opportunity.

    1. I don’t know why this solution wasn’t offered up a long time ago. Just have THREE classes: Male, Female, Transvestite/transgender/transwhatever/who ever doesn’t fit in Male or Female classes.

      There problem solved! The only problem will be having to make an extra set of trophies for the Tranny (and I’m not talking transmissions here) class, and having to schedule extra time in meets, but they could put them on at intermission while folks run off to the restrooms.

  46. “Post-Pandemic Stress Disorder”?

    BREAKING: Fifth largest life insurance company in the US paid out 163% more for deaths of working people ages 18-64 in 2021 – Total claims/benefits up $6 BILLION

    https://crossroadsreport.substack.com/p/breaking-fifth-largest-life-insurance?s=r

    Company cites “non-pandemic-related morbidity” and “unusual claims adjustments” in explanation of losses from group life insurance business: Stock falling, replaces CEO

    1. Life insurance statistics don’t lie–the increase in deaths in these age groups is unprecedented. And these people didn’t die from Covid-19. Just when are the academic researchers going to hop on the train and start doing some REAL science on what these disastrous Covid-19 measures (e.g., lockdowns and vaccinations etc) had on public health.

      This is going to go down in history as the biggest medical disaster ever. Everybody knows it, it’s like the fat 58 year lady in a dress made for 18 year old babes–nobody wants to tell her to go change into something appropriate because she looks ridiculous.

      2. There’s an “epidemic of cowardice” among professionals who are employed by governments and huge corporations that don’t give a schitt about engineering or scientific methodology.

  47. Arizona investors TAKING PROFITS

    Jun 19, 2022 How long will investors in the Arizona real estate market continue to list their homes? I am a realtor in the Greater Phoenix area serving all surrounding communities from New River south to the City of Maricopa.

    https://www.youtube.com/watch?v=UuI9Ry5fyzU

    7:12. Inventory going up 1,000 shacks a week. At 2:13: 12,400 active listings. 6,249 vacant. 300 spec homes. 1079 iBuyers. 150+ investors. Says offerpad and opendoor are the primary listers.

    1. The data is interesting but I disagree with his conclusions. An empty house is an alligator, it only has costs. You gotta get out as fast as you can and the last ones left are hosed. If the market is declining then the empty ones gotta get sold before the price declines below their breakeven point. (which goes up every day they hold it). They will be quick to cut prices up until they start losing money.

      Also if half the supply in just Phoenix is just empty (speculator) homes, doesn’t that mean that all this so called demand over the past 2 years was BS. That there is no innate demand for housing EVEN AT 3% rates? That it was all speculators biding against each other???????

      And now that that demand is gone and normal demand is destroyed by higher (normal) interest rates, doesn’t that mean demand will completely collapse?

  50. Is #ClownWorld starting to turn on itself? Trannie & Antifa activists confront “women’s rights activists” – hilarity ensues. Sorry, feminists, but don’t expect any bona fide males to come rushing to your assistance – you “strong independent womyn” can sort this out on your own.

    Women’s rights activists are ‘silenced’ by trans-rights mob clad in black as Bristol anarchists tell feminists they are ‘next’ after Colston statue was toppled into the river

    https://www.dailymail.co.uk/news/article-10931901/Bristol-Womens-rights-activists-silenced-balaclava-clad-trans-rights-mob.html

    Feminists said balaclava-clad trans rights activists ‘silenced’ them today in Bristol as tensions between the two groups erupted again.

    The mob dressed all in black were heard screaming ‘trans rights are human rights’ while women’s rights activists held a talk in honour of Father’s Day in College Green.

    During the clash, the anarchists were seen pushing police and women, while another person held a sign saying TERFs – the name given to gender critical women – should ‘suck my d***’.

  51. The Fed Has Lost Control of the Economy, Something Will Break

    Jun 18, 2022 Danielle DiMartino Booth and Nomi Prins join Jay on stage at the 2022 VRIC to discuss the treacherous path the economy is headed down, how the Federal Reserve and Jay Powell have completely lost control, and what investors can do to protect their wealth and navigate the uncertain waters ahead.

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

    21 minutes. Junk bond issuance down 75% YOY at 10:30. Booth is on fire. “China’s not going to save us this time.”

    2. 21:02 —> “Commercial real estate is going to be in the pisser.” —Danielle DiMartino Booth

  52. Sorry for your ordeal, air travelers, but this is what you get when our globalist overlords force vaccine mandates on airline employees who would rather quit than be coerced into taking experimental “vaccines.” The vast majority of ‘Muricans meekly went along with this travesty and marginalized those who refused to take the jab – now we’re seeing that actions have consequences as staff shortages snarl air travel and our supply chains.

    Texas meteorologist gets stuck in Milwaukee for TWO DAYS after his flights were canceled six times as travel chaos at US airports continues for a fourth day

    https://www.dailymail.co.uk/news/article-10931903/Texas-meteorologist-stuck-two-days-flights-delayed-canceled-SIX-times.html

    1. My dad and uncle are en route to Africa (Ghana and Niger). From the cryptic text message I just got, it appears they had a hard time getting out of Raleigh to NYC.

    2. Why didn’t he just go rent a car and drive back? That’s what smart business travelers do–he’s not paying for his transportation costs.

  53. ‘I thought I was a genius – ‘I’m going to be a billionaire by the time I’m 30,’ but unfortunately that didn’t happen,’ investor Queenie Tan told Daily Mail Australia. ‘I invested more than I was prepared to lose, I was swept up in the euphoria.’

    I’ve always been interested in these “money I could afford to lose” or viceversy quotes. Do you have a lose pocket? I keep money in that account which I intend to lose?

    1. more than I was prepared to lose

      Isn’t that how gamblers talk? “After I lose $200 I’ll stop playing craps and get some dinner”.

  57. Oh dear. The housing bubble bust looks set to play out most catastrophically in the globalist looting colonies of Australia, New Zealand, and Canada.

    Aussie housing market braces for $3 trillion wipeout

    https://www.macrobusiness.com.au/2022/06/aussie-housing-market-braces-for-3-trillion-wipeout/

    Christopher Joye, portfolio manager at Coolabah Capital Investments, has warned that Australian housing values could plummet more than 30% if the Reserve Bank of Australia (RBA) lifts interest rates in line with the market’s expectations:

    Aussie house prices could fall by more than 30 per cent if the Reserve Bank of Australia’s fulfils uber-aggressive market expectations for an increase in its cash rate from the post-pandemic nadir of 0.10 per cent all the way to 4.25 per cent. This would translate into an increase in the cheapest discounted variable mortgage rate from around 2.25 per cent to 6.50 per cent, or possibly higher given bank credit spreads (or funding costs) have widened sharply…

    1. The Financial Times
      Celsius Network Ltd
      Celsius warns it will ‘take time’ to stabilise as bitcoin hovers near $20,000
      Crypto lender says it has an ‘open dialogue’ with regulators after suspending withdrawals
      A picture representation of Bitcoin
      The price of bitcoin fell below $20,000 over the weekend for the first time since November 2020 as digital currencies came under pressure
      Hudson Lockett in Hong Kong
      4 hours ago

      Celsius Network, the cryptocurrency lender that rattled markets by suspending withdrawals last week, has warned that it will “take time” to normalise its operations, as companies across the sector face mounting financial pressure from a sell-off in digital assets.

      The crypto lending company’s warning came after a series of shocks to digital asset markets have dragged down prices. The price of bitcoin, the largest cryptocurrency, fell below $20,000 over the weekend for the first time since November 2020.

      Bitcoin was down 3.6 per cent against the dollar in Asia trading on Monday at $19,864, reversing an earlier rally that had pushed it back above the $20,000 mark.

      The drop for the most actively traded digital currency has raised concerns over forced liquidations of large leveraged bets in crypto markets, which could spur further sales and intensify a credit crunch that has already triggered tumult at other crypto lenders.

      “As has been a priority since our company’s inception, we maintain an open dialogue with regulators and officials,” Celsius wrote in a blog post on Monday. The lender added that it was pausing social media activities on Twitter and Reddit, which it had been using to maintain contact with customers.

      “We plan to continue working with regulators and officials regarding this pause and our company’s determination to find a resolution,” it said, without providing further detail.

      The crypto chaos began when stablecoin TerraUSD, which was used to facilitate trading through its link to the US dollar, failed to maintain its dollar peg last month, causing the peg of its larger stablecoin peer Tether to wobble.

      The instability quickly spread to another stablecoin and its associated cryptocurrency, luna, which is a key player in decentralised finance, a sector of the industry that seeks to do away with centralised intermediaries such as banks.

      Pressure from the broad sell-off in cryptocurrencies has continued to grow. On Friday, Hong Kong-based crypto lender Babel Finance paused withdrawals and redemptions, citing “unusual liquidity pressures”, while Singapore-based crypto hedge fund Three Arrows failed to meet margin calls from lenders.

      On Monday, another Hong Kong-based crypto exchange Hoo announced a halt on transactions after customer withdrawals became so great that they risked exhausting the company’s available funds.
      …

    2. The Financial Times
      Cryptocurrencies
      Crypto industry braced for fallout after weekend meltdown
      Bitcoin fell as low as $17,628 under pressure from central bank rate rises
      A representation of bitcoin
      Investors fear a drop in bitcoin below $20,000 may prompt forced liquidations of large leveraged bets
      Scott Chipolina and Joshua Oliver in London yesterday

      Crypto investors and executives are bracing themselves for further pain after the price of bitcoin tumbled over the weekend, worsening the credit crunch hitting the industry.

      Bitcoin, the world’s most actively traded cryptocurrency, fell as low as $17,628 on Saturday before rebounding, according to data from CryptoCompare.

      Investors and executives have been anxiously watching the token’s price, fearing a drop below $20,000 may prompt forced liquidations of large leveraged bets.

      Bitcoin, which acts as the main benchmark for the broader cryptocurrency market, has come under acute pressure in recent months as central banks and governments shifted from a prolonged period of ultra-low interest rates to a fight against surging inflation.

      “This is a dark winter ahead for crypto as the era of free money comes to an end with this weekend another brutal sell-off across the board. Risk assets are all getting thrown out the window,” said Dan Ives, managing director and senior equity analyst at Wedbush Securities.
      …

    3. Are you worried that you may not be able to get your money out of your crypto investments before it’s gone?

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