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Debt Sheep Are Scrambling Like Rats

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  1. From the 17 minute Sydney video:

    Sydney’s Debt Sheep Are Scrambling Like Rats
    Jun 22, 2022 Today, Adams and North are going to focus on residential property listings for Sydney and the surrounding regional suburbs using data from SQM Research. Property listing data is a better forward leading indicator than credit, because vendors list their properties on the market before buyers and borrowers purchase property.

    We should note in a previous show, Adams indicated that the three areas of the property which are likely to crack first are:

    o New housing estates;
    o Commercial property; and
    o Residential investor property.

    The 5:30 Bay Area video:

    Sell now or wait? Selling your house in a Bay Area shifting market
    Jun 23, 2022 Realty happenings in Santa Clara, San Benito, Monterey, Santa Cruz, and San Mateo, among others.

    The 6:40 Phoenix video:

    The market is SHIFTING! What to do if you are a homeowner
    15 views Jun 22, 2022 In this video we break down the current heat of the marketing using the Cromford Market Index for housing and it shows how hot the real estate market is. As you will see, right now, it’s plummeting.

    Now, before you panic and make any crazy, rash decisions, let me explain what this means to you as a homeowner and how you should think about this, particularly if you’re making a decision about selling a home or buying a home in the near future.

    I included the line 2015 in there because it was sort of a normal year and it can help put things in perspective. Normally, it’s around 100, which means it takes about five, or six, months to sell homes. In other words, if we don’t get more listings, we’ll run out of houses in six months.

    Now, that’s pretty normal, taking six months to sell. But right now, we’ve gotten used to this whole other world with houses selling in like one day and we’re entertaining twenty offers. But, around this February things started to plunge.

    What does the plunging market mean to me?
    Right now, we’re not just seeing a decrease. It’s a rapid decrease. The market is changing, honestly, much faster than I anticipated. I thought it was going to change but not this fast. It’s pretty crazy. But, what’s good is that it makes sense. It should be slowing down. Interest rates are higher. Prices are higher. Homes are less affordable. All of these factors should affect the market. When everything keeps going up, that’s bubble territory.

    You can think of this dip as a correction and this correction is good given the market heat. However, it’s not quite showing up in prices yet. You can think of it like a locomotive that was going full steam out of control and is now slowing down. It doesn’t slow down fast.

    What does this slow down look like in terms of price changes per week?
    Now that things are plunging let me show you kind of what that ends up looking like in the statistics. Check out the charts in the video.

    That little spike at the end is right now and you can see that it’s going through the roof right now. Usually, price changes decrease over time. You don’t typically list a home for a million dollars and then raise the price the next week. Typically, if the house doesn’t sell, you’re going to lower the price. So, we are seeing price decreases increasing dramatically, getting back to where we were in May of 2019.

    So, what does this mean for you as a seller?
    Well, as a seller, you should know that it’s a very likely scenario that you list the house and it doesn’t sell right away. It’s gonna take a little bit of time. You might have to adjust the price. That’s pretty normal, after all, and we’re getting back to that spot.

    We also see days of inventory climbing
    You can check that out above. Right now the running average is 67 days. And, as you can see in the chart, that’s really low. It should be higher in that 80 day range, which is like six months. So we’re seeing that it’s got pulled down because of all the crazy heat of the market. But what we’re seeing now is this big jump. It was about 15 days like two months ago and now it’s spiking here to 35 days now. So, it’s more than doubled in the last two months or so. This just means that there are more homes for people to pick from as buyers.

    What does all this mean for you as a homeowner?
    Well, if you’re looking to sell, it’s still competitive and there are still multiple offers going out on each property. The Cromford index is still high at 320, but it’s falling quickly. So, it will be less competitive in a month.

    If you’re going to sell now, or in two months, I’d probably push you to do it sooner rather than later because the momentum downward isn’t slowing down. I think we’re going to see that continue for a while. Now, this thing could level out like we saw last year, but I would say, right now, the way the market’s trending, you’re better off selling probably today than you would be in a month or two.

  2. Adam Neumann-backed real estate startup Doorsey lays off over half its staff after struggling to raise new funding
    Business Insider|9 hours ago
    Doorsey, a homebuying platform backed by WeWork cofounder Adam Neumann, struggled to raise new capital this spring as venture investors pulled back.

  3. ‘In February 2021, I put $188,000—my life savings—into Dogecoin. At that time it was worth around 5 cents per coin. In April, my investment had risen to over $1 million. In the following weeks, it went to $2 million, then close to $3 million. Since then I have kept every single coin. I didn’t sell any. Now, my investment is worth around $230,000.’

    ‘While I’m still up on my initial investment, what I do regret is not taking out some of the profit as cash. If I could go back in time, I probably would have taken out $1 million or $500,000. But the big thing was being a part of the Dogecoin community. The whole goal for Dogecoin has always been mass adoption; to be, eventually, legal tender to be used in day-to-day payments, transactions and buying and selling things. For us to get there, we have to all believe in the same thing. So I still feel like I was doing the right thing by holding.’

    ‘Also, I had gone out and preached about those coins being the future. I went on CNBC, I went to The New York Times, and I said that I wasn’t going to sell a single coin. I had this mindset, I had this conviction, which I still do, about those coins. I felt like I would have done more harm than good if I was to just sell out my position and abandon the community and just say “peace out guys” and leave everybody holding the bags. So, I followed my heart. The difference now is that I feel like it’s going to take a lot longer than I had initially expected for these coins to be widely adopted.’

    https://www.msn.com/en-us/money/news/ive-lost-nearly-243m-on-dogecoin/ar-AAYOdIe

    1. “In April, my investment had risen to over $1 million. In the following weeks, it went to $2 million, then close to $3 million.”

      I’m betting that he was rocking on the balls of his feet when he walked after that 1st million. “Pride goes before destruction…” Proverbs 16:18

    2. 🤣🤣🤣

      That’s priceless. Hey… a least he knows he lost his ass. Millions of borrowers out there clinging to a rapidly depreciating asset like a house while begging, borrowing, stealing and going without just to make the big fat mortgage payment and ongoing depreciation are oblivious.

      Sacramento, CA Housing Prices Crater 26% YOY As Northern California Housing Demand Collapses On Soaring Inventory

      https://www.movoto.com/ca/95864/market-trends

    3. “…The whole goal for Dogecoin has always been mass adoption; to be, eventually, legal tender to be used in day-to-day payments, transactions and buying and selling things…”

      A huge technical issue that Dogecoin (and all cryptos) face is that the underlying blockchain ledgering system doesn’t scale well.

      Blockchain ledgers are also energy inefficient.

      Remember the primitive tribes that use wheels of stone with holes in the middle for money? We all know how that one went…

      1. So I still feel like I was doing the right thing by holding.’
        This is dumb on so many levels. Doesn’t this sound like a socialist. “Greater Good??? Yea, NO, F that!

    4. ‘While I’m still up on my initial investment, what I do regret is not taking out some of the profit as cash.

      I thought crypto was the “new cash”. Now I’m told they are tulip bulbs with blockchains.

  4. ‘A district south of the city of Lysychansk in Ukraine’s eastern Luhansk region was “fully occupied” by Russian forces as of Friday morning, a local Ukrainian official said on television.’

    “Unfortunately, as of today… the entire Hirske district is occupied,” Hirske’s municipal head Oleksiy Babchenko said on a television broadcast. “There are some insignificant, local battles going on at the outskirts, but the enemy has entered.”

    ‘The loss of Hirske and several other settlements around it leaves Lysychansk, the last major Ukrainian-controlled city in Luhansk, in danger of being enveloped from three sides by advancing Russian forces.’

    https://www.msn.com/en-gb/news/world/ukraine-loses-key-district-south-of-lysychansk-to-russian-forces-official/ar-AAYOYPL

  5. ‘For the past year, a Bay Area photographer has been documenting how he believes California really looks these days, and now he’s posting the results on billboards. The artist calls it “The End of the Dream” and 14 have already gone up around the state, including some in Oakland.’

    “Since the gold rush in the 19th century, California has always represented so much hope and possibility and my fear is that, that dream has come to an end,” said Thomas Broening.’

    ‘He’s been driving thousands of miles around the state, sleeping in his car and documenting three issues he believes are threatening California’s survival: wildfires, drought and housing prices. The idea was sparked by a visit to a place most people work hard to avoid.’

    ‘“I went to this encampment in Oakland called Wood Street and the things that I saw, the poverty was hard to believe and I looked up and the maze was there and the maze connects Oakland and Berkeley and San Francisco, San Francisco one of the wealthiest cities in the world,” said Broening.’

    https://www.msn.com/en-us/news/us/bay-area-photographer-showcases-e2-80-98the-end-of-a-dream-on-california-billboards/ar-AAYNVps

    California is the poorest state in the union Tom.

    1. ‘He’s been driving thousands of miles around the state, sleeping in his car and documenting three issues he believes are threatening California’s survival: wildfires, drought and housing prices.

      He’s willfully overlooking the #1 factor in California’s decline: Democrat-Bolshevik malgovernance.

      1. I’m sure his Narrative is that California just needs to be more Marxist, then he can help- usher in paradise.

  6. ‘Police urge residents to beware of cryptocurrency scams after two Simcoe County men “suffered significant financial losses” after meeting individuals online who convinced them to invest.
    South Simcoe Police say one man lost $200,000 and the other over $50,000.’

    ‘Police say these scams promise a speedy and “incredible financial return” on an investment. In 2021, victims lost $163.9 million to investment scams, according to the Canadian Anti-Fraud Centre (CAFC).’

    https://barrie.ctvnews.ca/two-simcoe-county-men-lose-over-250-000-to-cryptocurrency-scams-1.5960210

  7. The Washington Post is globalist scum media.

    Washington Post Editorial Board — The Supreme Court supercharges the Second Amendment (6/23/2022):

    “The court repudiated sensible distinctions between gun owners’ homes, where it is reasonable to impose less regulation on their use of firearms, and public spaces, where states have an overwhelming interest in maintaining public order. The majority said that only a few public places — schools or government buildings — are “sensitive” enough to justify such stringent gun restrictions.”

    Cold dead hands, you globalist sh*tbags.

    “Underlying the court’s reasoning is the conservative majority’s apparent concern that the Second Amendment is considered “a second-class right.” This is puzzling, given how the justices themselves have elevated the Second Amendment above others. Their interpretation — construing the amendment to convey a personal right to individual Americans and all but ignoring its stipulation that its purpose is to preserve a “well-regulated militia” — is atextual. Rather than disfavoring the Second Amendment, the court has taken an unduly expansive view of its words.”

    https://archive.ph/9a00e

    Every socialist tyranny (redundant, I know) of the 20th century disarmed its population.

    Then it starved, imprisoned, tortured, and murdered them.

    “They’re not sending their best”

  8. This is a medical genocide article.

    Colorado parents of toddlers urged to schedule COVID shots now to be ready for school (6/23/2022):

    “Parents of kids under 5 will start getting messages today from the state health department, urging them to get their children vaccinated against COVID-19 before preschools are back in session.”

    You poisoned your baby.

    “Last week, the Centers for Disease Control and Prevention recommended that children between six months and 5 years receive either three doses of the Pfizer vaccine or two of the Moderna shot. Both contain the same ingredients as the shots given to adults and older kids, but in smaller doses.”

    And now your baby is going to die.

    “It takes between 11 and 16 weeks to complete the Pfizer series and four to eight weeks for Moderna, said Heather Roth, immunization branch chief at the Colorado Department of Public Health and Environment. That means parents shouldn’t delay if they want their children to be protected before school starts, especially since the body doesn’t develop its highest level of protection until about two weeks after the final shot, she said.”

    https://www.thedenverchannel.com/news/coronavirus/colorado-parents-of-toddlers-urged-to-schedule-covid-shots-now-to-be-ready-for-school

    You killed your baby.

    Happy twenty seven month anniversary of “two weeks to flatten the curve”

    1. Well, they have to make room for all those new caravan people. I suppose the plan is for gooberment goons to show up at your door, telling you that you have 24 hours to pack your things and move out, as they have a “deserving” immigrant family ready to move in. And forget about your furniture. That’s staying.

  9. ‘SoftBank Group Corp. founder Masayoshi Son is used to praise and encouragement from shareholders. But the company’s loss of $34 billion in market value over the last year is a test for even his most faithful admirers when they gather for the annual shareholders’ meeting on Friday.’

    ‘With SoftBank’s own financial health on the line, shareholder confidence is near a breaking point, said Mio Kato of LightStream Research. Son needs to show how SoftBank adds value as an investor and chart steps — such as further share buybacks financed by sales of Alibaba stocks — for the stock price to recover, he said.’

    “Investors remain loyal as long as they believe in your dream, but once they realize things aren’t working, trust crumbles in an instant,” Kato said.’

    https://finance.yahoo.com/news/softbank-son-faces-shareholders-shaken-013444941.html

  10. Do you remember the libertarian attitude of nobody cares what consenting adults do in the privacy of their own bedroom?

    When did that end? When did it become: give us your children, or else we will destroy you?

    The Associated Press is globalist scum media.

    At Pride, celebrations amid a darker national environment (6/23/2022):

    “LGBTQ Pride commemorations that sometimes felt like victory parties for civil rights advances are grappling this year with a darker atmosphere, a national environment of ramped-up legislative and rhetorical battles over sexual orientation and gender identity.”

    Globalist scum media can not admit the truth, that what they really want is custody of your children, so that they can mutilate and rape them.

    “Like every year, the celebrations are expected to be exuberant and festive. But for many, they will also will carry a renewed sense of urgency.”

    Sense of urgency? To get them before puberty, globalists.

    Admit it, globalists.

    “Earlier this month, 31 members of a white supremacist group, carrying riot gear, were arrested over accusations that they were plotting a major disruption at a Pride event in Idaho.”

    Another Fedsurrection, bought and paid for with your taxpayer dollars.

    https://kdvr.com/news/politics/ap-politics/at-pride-celebrations-amid-a-darker-national-environment/

    This isn’t Facebook, this isn’t Twitter, and this isn’t Reddit.

    Globalists can not censor discussion of the highjacking of what used to be a civil rights movement for consenting adults, into a demonic demand to seize custody of, mutilate, and rape your children.

    These globalists rape children.

    That is who these globalists are, and that is what they do.

    1. Re-post from a few threads ago:

      “This could consist of “top” surgery to remove breasts or construct new breasts. It may consist of “bottom” surgery to remove sexual organs or attempt to reroute the urogenital structure of children. Additionally, it often includes cross-sex hormones, some of which have been used for chemical castration throughout medical history.”

      Reroute the urogenital structure of children?

      Who wants that? Globalists want that.

      “physically healthy transgender-believing girls are given double mastectomies at 13 and hysterectomies at 16. And in the same fashion, their male counterparts are referred for surgical castration and penectomies at 16 and 17.”

      https://www.thegatewaypundit.com/2022/06/transgender-face-bidens-woke-administration-pushing-surgical-chemical-castration-children/

      Do these globalists really think they are going to get away with this?

      The Day Of The Rope is coming ☠️

      1. Saw this at the grocery store yesterday:

        The Euphoria of Elliot Page
        In his own words, the actor and advocate talks about his childhood, his career, his transition, and his life, though not necessarily in that order.

  11. ‘Take the example of the electric-vehicle maker Rivian, which went public on Nov. 10, 2021, and watched its stock surge over 50% in a single day, giving the company a valuation north of $100 billion.’

    ‘At the time, top Wall Street tech analysts, including Wedbush’s Dan Ives, were calling the company an “EV stalwart in the making.” Trainer, on the other hand, argued the true value of the firm was more like $13 billion. Since then, Rivian’s stock has collapsed more than 80%, and its market cap is now just over $25 billion.’

    ‘Then there’s WeWork. In August 2019, just five days after the office leasing company—which was valued at $47 billion in private markets—filed its initial prospectus to go public, a New Constructs report called the IPO “the most ridiculous” and “most dangerous” of the year.’

    “WeWork has copied an old business model, i.e. office leasing, slapped some tech lingo on it, and suckered venture capital investors into valuing the firm at more than 10x its nearest competitor,” the report said.’

    ‘Peloton now trades at just $10 per share, and Trainer is warning things may get even worse moving forward. “Peloton’s issues are well telegraphed—given the stock’s decline over the past year—but investors may not realize that the company only has a few months’ worth of cash remaining to fund its operations, which puts the stock in danger of falling to $0 per share,” Trainer wrote in his Thursday research note.’

    https://finance.yahoo.com/news/peloton-2-other-major-zombie-172123769.html

  12. ‘A third Beijing-based entrepreneur recently sold his stake in a tech unicorn and said he’s reluctant to start a new venture until there’s more clarity on what the government will allow.’

    “China’s tech crackdown has happened. There is no comeback from that,” the entrepreneur said, asking to remain anonymous for fear of retribution. “The regulatory pressure on Chinese tech companies may have hit the brakes for now, given the sluggish economy, but it’s unthinkable that regulators in the country would loosen their grip on platform companies ever again.”

    https://finance.yahoo.com/news/china-tech-giants-lost-swagger-233033358.html

    ‘more clarity on what the government will allow’

    See how the media skirt any focus on what a bunch of bloodthirsty bashtards the CCP are?

  13. Biden Given ‘Cheat Sheet’ That Instructs Him How to Say “Hello” And Sit Down

    by Paul Joseph Watson
    June 24th 2022, 4:42 am

    Joe Biden was photographed holding a “cheat sheet” given to him by his advisers instructing him on how to enter a room, say “hello,” sit down, talk to other people and then depart.

    Yes, really.

    “YOU enter the Roosevelt Room and say hello to participants,” states the bullet point list before going on to tell Biden, “YOU take YOUR seat.”

    “Press enters,” the cheat sheet continues. “YOU give brief comments (2 minutes). Press departs (t). YOU ask Liz Shuler, President, AFL-CIO, a question. Note: Liz is joining virtually. YOU thank participants. YOU depart.”

    @Breaking911
    ·
    ‘YOU take YOUR seat.’ @POTUS given cheat sheet on how to enter a room.

    https://twitter.com/prisonplanet/status/1219339354662998017

    1. In the Brandon economy, we can’t get our lighting control panel delivered, it’s a few months out because CCP Flu.

      The customer asked me to install a temporary 3-way switch at both entrances to the space that will get demo’d out and replaced later when we actually get the lighting control panel.

      And my project manager is coming out to the site today to help price a change order for this.

      So much wasted time and materials, because Brandon, and because CCP Flu.

      I have seen the phrase that it is a “controlled demolition of the economy” mentioned around the internet, and it really feels like it is.

      I won’t get a bonus or I’ll get a smaller bonus because of all this wasted time and materials, because Brandon and because CCP Flu.

      FJB

      1. In the Brandon economy, we can’t get our lighting control panel delivered, it’s a few months out because CCP Flu.

        You can go into any big box store, looking for a new fridge, stove or any other appliances and while there are floor models, that most are actually unobtanium and you will have to wait several months for delivery. Of course, none of these items are made in the USA. They are either made in Mexico or Asia.

      2. “I won’t get a bonus or I’ll get a smaller bonus because of all this wasted time and materials,”

        Don’t forget the extra fuel costs.

  14. It’s going to get real when UK FBs have to choose between paying their mortgage or filling up their gas tank.

    UK Petrol Hits Fresh Record, Intensifying Cost-of-Living Crunch

    https://www.bloomberg.com/news/articles/2022-06-24/uk-petrol-hits-fresh-record-intensifying-cost-of-living-crunch?srnd=premium-middle-east&sref=ibr3A0ff

    UK retail petrol and diesel prices touched new highs on Thursday, ratcheting up the pressure on consumers’ finances.

    The average price of petrol jumped to 190.22 pence a litre, bringing the cost of filling up a 55-litre family car to £104.62 ($128.37), according to the RAC motoring organization. Diesel increased to 198.46 pence, taking it within sight of the £2 a litre milestone.

  15. I am surprise bay area realtor Nagaraj didn’t don on a mask in the video. Most of his clientele are still double masking everywhere they go.

    1. clientele are still double masking everywhere they go.
      Unfortunately the craziness isn’t in only CA . I was riding my bike yesterday in NC and I saw a woman sitting in her car, alone, waiting to turn, wearing 2 masks. One looked like an N95 mask partially covered by a cloth mask.

    2. In the lib hellhole state of VT, half the drones are still masking. They love the fear and virtual signalling. It gives their sad lives a grand purpose.

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