The Sellers Are Hanging On For Dear Life

1. The first 5:22 video:

   Oakville Real Estate Market Update for July 2022 – How low will it go?Jul 7, 2022

   How’s the Oakville real estate market as of July 2022? Are home prices and sales still on the decline? Are homes taking longer to sell? Are the inventory levels increasing this month? Should you wait to buy? In this video, I cover the monthly updates for the detached homes in Oakville to help you stay informed and make the best decision possible for your situation.

   The second 18 minute video:

   North Florida Real Estate Housing Bubble [Week 8]
   Jul 8, 2022 North Florida Real Estate Housing Bubble Week 8. Week eight of my Bubble Watch series. Should you buy or should you sell? Everyone has the real estate housing market on their minds. Tom Kerr a Realtor in North Florida takes you into the back end of his MLS account to show you what is actually happening now. This is the eighth of a weekly video series to keep tabs on the conditions for just you, a regular person. We call it Bubble Watch. Is North Florida’s housing bubble about to burst? Subscribe and click notifications to stay informed.

   Mr Kerr does a fine job and I have subscribed.

2. You will own nothing.

   Nothing.

   1. High gas prices are “unequivocally” good for fighting climate change because people use less fossil fuel and emissions go down, but the poorest people, who don’t have other options also “suffer the most,”

      Libtards openly discuss the war they wage on the poor as “good.” Do you think Jeff Bezos is affected by high gas prices? Do you think Bill Gates will stop flying on private jets which are superpolluters? Of course not. Jeff Bezos and Bill Gates want the poor eating bugs and living in Soviet Era housing blocks, while they eat steak and lobster while owning every bit of the earth.

      1. And iguana!

      2. Libtards openly discuss the war they wage on the poor as “good.”

         Don’t forget, the globalists label the poor as “useless eaters”. The long term plan is to get rid of them, with jabs and global famines.

3. ‘There was a doctor, I just had this conversation last night. He bought a house for $750,000. A few short months later, he sold the house for $1.2 million. Now that’s crazy, isn’t it? In Harlingen, but that’s what’s happening.’

   Possibly the most bat sh$t crazy thing I’ve ever read. I used to live a few miles from there.

   1. We almost picked up the project down there in about 2003. We came in second. I went down there and was really looking forward to the job.

      1. I liked the RGV when I lived there cuz everything was cheap. Harlingen has an interesting history. It was a boom town when agriculture took off.

   2. ‘Last year, real estate in Lubbock shifted from a buyer’s market to a seller’s market. This year looks similar, but with an upward trajectory, the Lubbock Association of Realtors said. With a low supply and high demand of homes in west Texas, it’s common to see bidding wars between prospective buyers. Most sellers don’t wait long before they see offers, the Lubbock Association of Realtors told EverythingLubbock.com.’

      “Usually within two, three days. It depends on the price range, but certainly anything under $250,000 will go within day,” Eberhardt said, adding, “The good news is, builders are stepping up and putting a lot of homes in the ground.” He said about a third of the housing inventory in Lubbock is new construction, adding to the increase in property values of nearly 15% since last year.’

      https://www.msn.com/en-us/money/realestate/historic-highs-in-lubbocks-housing-market-expected-in-the-next-month/ar-AAXTzSF

      ‘a third of the housing inventory in Lubbock is new construction’

      Oh dear…

   3. Harlingen

      Isn’;t that a border town? A megabuck for a shack in a border town? Are houses going for that much in McAllen, Del Rio and Laredo too?

      1. The one difference is Elon’s space shuttle base is nearby in Brownsville. The RGV is also a target of the retired snow turds from the upper Midwest. A lot of businesses down there cater to that crowd.

   4. Didn’t you post an article about a year ago of a house on some lake in Austin that sold for $5 million, and then someone offered $8 or 10 million for it just a few months later? I recall reading that somewhere.

   5. Small world. I grew up in McAllen, TX. You don’t meet very many people outside of South Texas who know anything about the RGV.

      1. McAllen used to be a shopping destination for upper class Mexicans from Mexico City. IIRC, the long defunct Texas International Airlines used to have flights to McAllen from Mexico City. Shoppers also used to travel to Laredo, Brownsville and San Antonio.

         1. I remember that well, or I should say my mom remembers as I was pretty young. Upper crust Mexicans from the Mexican interior decked out in Gucci and thick cologne would visit the La Plaza mall in McAllen. When we crossed the bridge into Reynosa we would see very poor Mexican kids begging for change, so it’s definitely a land of haves and have nots.

            1. Back then (1970’s) the peso was way overvalued, thanks to oil revenues. It was actually cheaper to fly to places like McAllen, Laredo and Brownsville to shop, than to shop at malls in Mexico City. That ended a long time ago.

            2. They were still doing it in the late 80s/early 90s when we lived there. There was a fancy department store in the La Plaza mall (the name was Jones & Jones, oddly enough) that catered to wealthy Mexican nationals. Some of it may have been drug money, honestly.

   6. at those nosebleed prices slim chance of having back alley beer pong contests w/neighbors like hank, bill, boomhauer & dale by the bug-a-bago.

      1. Mike Judge really nailed Texas with that show. Although the RGV is considerably more Hispanic than Arlen, Arlen being code for Garland, TX. We had so many neighbors that could have been characters on King of the Hill.

4. ‘We only want to pay appraised value right now’
   Now that’s some rock solid lending right there.

   ‘Buyers of yesterday were willing to pay the gap’

   Winnahs! This CCP virus mania was on top of an existing bubble and only could have happened with massive appraisals fraud.

   1. We’re Almost Back To 2007

      March 26, 2020

      “As America heads into a deep recession, the $11 trillion residential-mortgage market is in crisis. Investors who buy home loans packaged into bonds are dumping even those with federal backing because of panic that millions might not make their payments. Yet one risky sector had started to show cracks long before the coronavirus pandemic sparked the worst financial meltdown in 12 years: the federal government’s largest affordable-housing program, whose lenient terms are geared toward marginal borrowers.”

      “As real estate prices soared in recent years, working-class adults everywhere have increasingly relied on mortgages backed by the Federal Housing Administration — and U.S. taxpayers. Since 2007, the FHA’s portfolio has tripled in value to more than $1.2 trillion, almost 11% of the market. While private lenders make these loans, they are packaged into Ginnie Mae bonds, common in mutual funds and pensions.”

      “Before Covid-19 started roiling China, a November FHA report found that 27% of borrowers last year spent more than half their incomes on debt, a level it describes as ‘unprecedented.’ The share of FHA loans souring in their first six months has doubled over the last three years to almost 1%.”

      “Not long ago, Alex Castillo drove his shiny black Infiniti SUV through an office park north of the San Antonio airport, along a busy seven-mile stretch of highway that loan officers call ‘Mortgage Row’ because of its abundance of small independent mortgage companies that dominate FHA lending. Castillo, who has the words ‘The Dream Starts Here’ stitched into his jacket, works for Pennsylvania-based American Residential Lending. Oddly, amid the pandemic, his business is booming. His customers locked in FHA mortgages after interest rates plunged this month — adding to federally backed mortgage debt.”

      “‘If the government tells me you’re good enough to get a loan, I have to trust and believe in the government,’ Castillo said. ‘Then we just hope and pray that the client doesn’t get foreclosed on.’”

      “In downtown San Antonio, scores of investors stood on a parched lawn beside the city’s historic granite-and-red-sandstone courthouse. It was the first Tuesday of February, the day of the foreclosure auction. Matt Badders, a San Antonio lawyer who represents lenders, auctioned off two houses. The failed mortgages remind him of the run-up to the financial crisis 12 years ago, when lending to customers with spotty credit nearly brought down the world’s financial system. ‘We’re almost back to 2007, when mortgage originators are waking people up on park benches, saying sign here,’ Badders said.”

      “At the auction, the crowd bid on 338 homes, a third with FHA mortgages, according to Roddy’s Foreclosure Listing Service. One house had dual master bedrooms, a game room and granite kitchen counters. It sold for $202,000 — $52,000 less than the homeowner borrowed only two years ago. The taxpayer-backed FHA insurance fund will take a loss.”

      “Dave Stevens, FHA commissioner under President Barack Obama and former chief executive officer of the Mortgage Bankers Association, said a recession will expose hidden risks in home lending. ‘This should be an alarm bell to policymakers,’ Stevens said. ‘Sometimes you get blinded by a good economy and suddenly look at it and see a bubble of defaults coming.’”

      “The federal government has decided it doesn’t want to pursue — and has asked a judge to dismiss — a lawsuit against Utah-based Academy Mortgage Corp. The judge refused. The suit claims the company’s staff would repeatedly feed information into an automated federal underwriting system, manipulating it until the computer gave the green light. ‘Decline is a curse word,’ Plaintiff Gwen Thrower, a former underwriter, quoted a manager as saying. ‘We don’t use it.’”

      http://housingbubble.blog/?p=3070

5. ‘It may seem counterintuitive to continue to talk about the need for supply at a time when inventory is rising’

   Yet there you sit Karen, like the south park episode where a boy is playing with his own monkey sticks.

   1. “Yet there you sit Karen, like the south park episode where a boy is playing with his own monkey sticks.”

      Welcome to dingbat world…. Where people live who shouldn’t be trusted with anything more than a $15 transaction.

      Sacramento, CA Housing Prices Crater 21% As California’s Fraud Riddled Housing Market Implodes

      https://www.movoto.com/ca/95832/market-trends/

6. A reader sent this in:

   “Builders already can’t make a profit. If the prices drop a lot, the govt will step in and lower the crazy costs which they impose on builders. The govt cannot allow for housing to drop.”

   – High rise Harry

   So much for living in a free market nation.

   https://twitter.com/AvidCommentator/status/1545221521760993280

   ‘The global real estate sector is in for a very tough time as new orders collapse.’

   https://twitter.com/AvidCommentator/status/1545261642635935744

   ‘Real estate investors often talk about how many properties they own. But don’t tell you how they do it. Here’s the story of exactly how I bought 4 rental properties in 2021.’

   ‘At the start of 2021, I had two rental properties – both single family homes. I had used a HELOC on my residence to purchase both of them.
   At first my husband and I planned on slowly buying rentals with our HELOC, maybe one or two a year.’

   ‘But then we realized that wanted to reach financial independence much sooner. But how could we speed up our timeline? On New Year’s Day 2021 we decided to do something really crazy…’

   https://twitter.com/GetMoneySmarter/status/1541829198645530624

   1. ‘At the start of 2021, I had two rental properties – both single family homes. I had used a HELOC on my residence to purchase both of them.
      At first my husband and I planned on slowly buying rentals with our HELOC, maybe one or two a year.’

      I knew someone who started doing exactly this in 2005ish. He made a LOT of money at his job, and his wife did too, and they basically wiped themselves out over the next 5-6 years. Same thing will happen to these people.

   2. That’s a super interesting thread (worth the read) but it only works in a rising market and a good economy. So let’s look at it from another angle. They went from owning almost all their home and 2 rentals and having 250k worth of room for prices to fall/cash to being over 1 million bucks in debt with rents probably just covering their payments every month. Also given the costs of mortgages and “hard money loans” (from Guido’s friend?) Probably spent 40 to 50k on “fees”.

      They’ll be rich in 25 years if markets stay steady/go up/economy stays good and rents stay up. Or they’ll be completely busted and bankrupt if the markets go down/economy goes to crap/gov’t allows renters to not pay for 18 months.

      They have, in fact, mortgaged their future.

   3. So much for living in a free market nation.

      If they keep favoring speculators and destroying the middle class and the poor, you will start seeing more and more Abes. Shinzo’s money-printing earned him a shotgun to the back.

7. Muldoon says just over a month ago, buyers had a tough time moving quickly enough to purchase a house in Colorado Springs’

   More winnahs!

   ‘Now, that’s far from the case’

   No big deal right? What do shacks cost up there, 20 or 30 grand?

8. Arnold Celis? Does Celis mean a lion in spanish?

9. ‘Beam said four years ago, homes in that area were going for about $450,000 to $480,000. This three-bedroom, two-bath custom home built in 1995 is on the market for $1.2 million. Our last stop takes us to not just luxury but what some call ‘ultra-luxury’ – the 70 Rainey Condominiums in Downtown Austin. ‘This unit today, as it stands completely redone, will be hitting the market for right at $5 million,’ said RE/MAX Posh Properties owner Mary Ann McMahon. That’s almost triple what it sold for in 2019, at $1.7 million’

   These central bankers are either blind or just stupid. Ever nook and cranny of the globe is like this. Good luck with that soft landing Jerry.

   1. According to a quick search “Property taxes in Texas are the seventh-highest in the U.S., as the average effective property tax rate in the Lone Star State is 1.69%”

      Better be on your A game for 30 years. A small lapse in employment will sink many of these recent buyers just on taxes alone.

      1. FWIW I was in the Corpus Christi, TX area in 2005 investigating real estate. HUD had long lists of properties there at the time. Nice 3/1’s could be had for 40k list. Even near the water. The thing to note is that this was 2005 before the crash; they hadn’t even recovered from the last one yet! It was an on going malaise for years on end in parts of Texas. Texas is a weird state and very boom and bust. IMO they have way over shot this time around and it will take many years to correct. That there is a bubble in Lubbock really speaks volumes about the scope of this episode. For many it will be a serious depression whether the talking heads admit it or not. There is no easy way back from this level of madness.

         1. ‘Corpus Christi, TX area in 2005 investigating real estate. HUD had long lists of properties’

            I can answer some of that. In 2005 while doing this blog, I discovered Dallas/Fort Worth had more foreclosures than during the oil bust. Over 50,000. Apparently, at some point Texas had decoupled from the general US RE. Yes the overall bubble bursting a few years later hit but they weren’t as inflated as AZ, CA, FL, etc. Now is a different story.

            1. Now they literally have a cripple in charge of the state and a historic foreign invasion to go with their unfolding crash/depression. Texas is somewhat less than ideal.

               Crap shacks will be a dime a dozen in a few years. At least I wont be stuck in Lubbock. You could replace Lodi in the song with Lubbock, give it a little twang and have a huge hit on your hands in 5 years. I should become a producer.

            2. Now they literally have a cripple in charge of the state

               Would you prefer “Beto” be the governor?

10. “people with their knuckles just like grabbing on”

    Good thing everybody put 20% down.

11. Offering a bounty for the location of Supreme Court Justices? That sounds like an insurrection:

    https://nypost.com/2022/07/09/shutdowndc-offering-bounty-for-scotus-justices-intel/

    1. ‘The two men arrested for allegedly planning to attack a July 4 celebration in Virginia are both in the United States illegally, with one having been deported twice, according to U.S. officials and court documents. Julio Alvarado-Dubon, 52, was arrested on July 1 for allegedly plotting the mass shooting with Rolman Balacarcel, 38, who was arrested on July 5.’

       ‘Both were charged with being non-U.S. citizens in possession of firearms. Initial documents filed in General District Court in Richmond say the men are in the U.S. illegally. The documents say Alvarado-Dubon has an expired visa. Both men are Guatemalan nationals, an official with the U.S. Immigration and Customs Enforcement (ICE) confirmed to The Epoch Times in an email.’

       ‘Balacarcel was deported twice from the United States before, the official said, once in October 2013 and again in August 2014. Court documents note bond was set at $15,000 for Alvarado-Dubon, but the Richmond City Jail, where he was booked, still lists him as an inmate. Colette McEachin, the commonwealth’s attorney for the city, told WRIC-TV reported that Dubon was released and that her office objected to the decision to grant bond.’

       “Nevertheless, the General District Court judge granted a bond and decided on the $15,000 amount himself,” she said.’

       ‘The pair were planning to “shoot up” the Independence Day event at the Dogwood Dell amphitheater, which seats 2,400 and is located outdoors, according to officials. A concert and fireworks were held for the event. The charge each man faces is a class 6 felony. Under Virginia law, the charge can bring a term of imprisonment of one to five years.’

       https://www.theepochtimes.com/men-arrested-in-july-4-mass-shooting-plot-are-illegal-immigrants_4585525.html

    2. Offering a bounty for the location of Supreme Court Justices?

       When Cuckservatives lose, they “lose with honor”. When Leftists lose, the fight back, and dirty. They don’t care about conventions, standards of conduct or even the law. They go on a war path. They will do everything they can to win.

       We cannot be complacent about this November. They already stole 2020, they will try to steal 2022 as well.

       1. It’s moving beyond elections. There is no compromising with brainwashed, idiotic socialists. this country is either going to split in two, or be dragged down into socialism. And a large region of the USA is not going to allow the latter to control them, which in my mind only leaves the first option. That’s the part of the country true conservatives should occupy.

12. Marxism, the Frankfurt School, Cloward Piven, and the Long March Through The Institutions, all working exactly as planned.

    The Epidemic Of Fatherless Boys Is Unraveling Our Society:

    “A recent research brief by Brad Wilcox and his colleagues at the Institute for Family Studies (IFS) on how the lack of an involved father impacts boys verifies the effects of that “dad-shaped” hole on boys.

    In the brief, Wilcox reports that the percentage of boys living in homes without a biological father has almost doubled since 1960 – from 17 percent to 32 percent – resulting in an estimated 12 million boys growing up without a biological dad.

    Wilcox writes, “Lacking the day-to-day involvement, guidance, and positive example of their father in the home, and the financial advantages associated with having him in the household, these boys are more likely to act up, lash out, flounder in school, and fail at work as they move into adolescence and adulthood.”

    https://thefederalist.com/2022/07/07/the-epidemic-of-fatherless-boys-is-unraveling-our-society/

    Under Marxist rule, children are the property of the state.

    1. Blame white Christian Karen. She’s responsible for all bad female behavior now and never mind all the looting Lebron dindo or Latasha bashing. Then there is Jose and Lucia but hey stop picking on those POCs, only white women are open season for bashing.

    2. “Fatherless boys…”

       Just wait until twenty years after Roe. v. Wade has been repealed. Law changes have consequences.

       1. In these modern times the church continues meddling in the affairs of government and willing to subjugate women.

13. Some local news.

    1 in 3 Coloradans afraid of losing home in the next month:

    “The nonprofit Colorado Health Foundation has been conducting an annual poll of Colorado’s top concerns for the past three years to help inform policymakers about what is top of mind for likely voters in the state. This year, Coloradans are more concerned about household finances than anything else.

    Eighty-six percent of Coloradans say the state’s cost of housing is an extremely serious or very serious problem, including 61% who say it’s an extremely serious problem. Another 84% say the general cost of living is an extremely or very serious problem, including 61% who say it’s extremely serious.

    No other concern comes close.

    Coloradans fear for their financial security and even about being able to keep a roof over their heads. About one-third of Coloradans (29%) say they’re worried they might not make next month’s rent or mortgage payment – 11% very worried and 19% somewhat worried. Almost half of Coloradans (42%) say they’re financially worse off now than they were a year ago.”

    https://kdvr.com/news/data/1-in-3-coloradans-afraid-of-losing-home-in-the-next-month/

    Eighty-six percent is that a lot?

    1. 1 in 3 Coloradans afraid of losing home in the next month

       The other day I decided to have a burger for dinner, so I drove out. The only fast food drive through that had a line (and it was short) was Culver’s. This was at rush hour. Not even Mickey D’s had a line.

       People in my little burg are broke as a joke.

14. Crooks pull gun on Denver car owner as he walks out to them breaking in:

    “A car break-in, caught on camera, went south when the owner walked out to the crooks in action.

    In North Park Hill, right across from a school playground, Ring camera video captured the minutes after Adam Vicarel got home from work Tuesday.

    “It was dinner time and you just never would have considered it,” Vicarel said.

    Video captured shows a red sedan slowly rolling up to Vicarel’s car in broad daylight around 6:30 p.m., just a couple of minutes after he brought bags of groceries inside. One man in a ski mask got out of the car and headed straight into Vicarel’s while another man stayed inside the red sedan.

    You can hear Vicarel ask the men what they are doing as he ran toward his car. He said right after asking, he had two guns pulled on him.”

    Vicarel said the crooks ended up taking about $10 to $15. However, after meeting with Denver police, he believes he isn’t the only victim of these thieves.

    “In the time that they were at my house, I heard a few different calls of a red sedan going burglarizing multiple other vehicles,” Vicarel said. “I believe this car hit 20 or 30 other spots.”

    If people notice someone breaking into their car, officials with DPD say the best route is to call police and not confront them. They suggest keeping a safe distance, being a good witness and gathering as much information as possible, so that when police arrive they have a better chance of identifying, locating and apprehending the suspect.”

    https://kdvr.com/news/local/crooks-pull-gun-on-denver-car-owner/

    When seconds count, the Denver Police are only hours away.

    1. In Democrat-Bolshevik malgoverned municipalities, the police will be far more focused on extracting wealth from motorists via BS tickets and asset forfeiture, than in going after fellow Democrats involved in crimes against the community. In the rare event an arrest is made, Soros-installed DAs will let the perps walk with few if any consequences.

15. Homelessness on the rise in Colorado and across America:

    “the stresses of the pandemic and the affordable housing crisis in Denver have forced many out of their homes. According to the Metro Denver Homeless Initiative, the number of people who reported first-time homelessness doubled from 2020 to 2021.

    It’s not just the numbers telling us that the problem of homelessness is getting worse. The people living downtown are telling us, too.

    “It’s just… hearing and seeing things you’re not used to hearing and seeing in Denver,” said Lori Greenly, a resident of the Lower Downtown (LoDo) neighborhood of Denver. “You just have to be alert and aware in a way you didn’t have to be before.”

    “One of my client’s daughters lives in the Coloradan, and her golden retriever came home from a dog walk one day with a hypodermic needle stuck in its paw,” Greenly said. “My own daughter was harassed in a dog park.”

    As Greenly and Denver7’s Rob Harris walked through Union Station, an apparent drug deal took place right in front of our cameras. Another individual, who appeared to be having a mental health crisis, screamed at inanimate objects on the station platform. These, Greenly says, were indicative of the reasons families she knows now avoid downtown.”

    https://www.thedenverchannel.com/news/360/homelessness-on-the-rise-in-colorado-and-across-america

    I was in Downtown Denver twice this week and it is even worse than you can imagine.

    Hypodermic needle stuck in its paw? Sounds like a Democrat Party sh*thole city problem.

    1. Since the Biden regime was installed, the local homeless population has exploded. They are now encroaching on residential areas they never ventured into before.

    2. Tell me you have ever seen anything the likes of this. I swear it’s a Hollywood movie

       https://www.youtube.com/watch?v=cOBoDT-3oM0

       1. “A new life awaits you in the Off-world colonies. The chance to begin again in a golden land of opportunity and adventure.”

16. The mortgage/appraisal/housing sales business is riddled with fraud.

    “Better.com sales chief who alleged fraud was busy skiing while business tanked: sources”

    https://nypost.com/2022/07/08/better-com-claims-sales-chief-who-alleged-fraud-was-slacker/

17. The Colorado state legislature decriminalized fentanyl in 2019, because vote like California, become California.

    Alleged driver of record fentanyl haul in Colorado MIA after promising to cooperate with feds:

    “The search is on for the man who police say was caught with more than 100 pounds of fentanyl on Interstate 70.

    David Maldonado was arrested nearly three weeks ago, but he was released after agreeing to cooperate with the Drug Enforcement Agency (DEA).

    Court documents show that not only did Maldonado not cooperate with the DEA, but he also took off and is now a fugitive.

    “To date, this is the largest fentanyl seizure on any U.S. highway involving fentanyl,” said Brian Besser, special agent-in-charge of the DEA’s Denver Field Division.

    About 114 pounds of pure fentanyl powder – enough to kill 25 million people, according to the DEA – was seized from a car on I-70 near Georgetown on its way to South Bend, Indiana.

    What the DEA failed to mention was that the driver of the car, the alleged courier of the drugs, is now on the run. According to court documents, 26-year-old Maldonado was released after agreeing to cooperate with the DEA after he was arrested. The plan was that he would “deliver the drugs in hopes of identifying additional members of the criminal organization.”

    But the court documents say Maldonado did not stick to the plan – that the very next day, “on the way to doing a controlled delivery of the fentanyl, he fled from the DEA, eluded DEA surveillance and removed the tracker from his vehicle.”

    https://www.9news.com/article/news/crime/alleged-driver-of-record-fentanyl-haul-in-colorado-mia/73-1f9c3f88-4e6e-49a4-be55-4a8364ff2625

    Enough to kill 25 million people is that a lot?

    1. Enough to kill 25 million people is that a lot?

       That’s one way to depopulate.

    2. Related article.

       Mexican Army Seizes $200 Million Worth Of Fentanyl In ‘Historic’ Bust:

       “When Mexican soldiers raided a Culiacán warehouse last week, they had no idea their drug bust would be historic.

       But “historic” is precisely how the government described the July 2 haul in a statement Thursday. In addition to nearly 2,000 pounds of fentanyl, the record seizure included 1,224 pounds of methamphetamines, 15 pounds of heroin, 68 pounds of cocaine and 156,528 pounds of processing materials.

       “This is the largest seizure in history of this lethal drug,” said Assistant Public Safety Secretary Ricardo Mejía at Thursday’s press conference.

       Officials estimated the fentanyl alone had a value of $200 million, according to Vice. A powerful synthetic opioid, fentanyl skyrocketed in demand as a result of the nationwide crisis plaguing the United States — and has been lucratively supplied by Mexico’s cartels.”

       https://www.huffpost.com/entry/sinaloa-fentanyl-bust_n_62c8738fe4b04516846245a7

       Vote Democrat Party and vote for your children or grandchildren to die of an overdose.

       Globalists gonna globe.

18. The only news about Denver is bad news.

    ‘Alarming’ auto theft problem is only getting worse so far in 2022:

    “One car per hour. That’s how many vehicles are stolen on average in the City of Denver every day.

    Denver has seen one of the country’s largest increases in auto theft since the COVID-19 pandemic started, with the number of reported stolen cars more than doubling.

    Through June 19 of this year, 5,923 vehicles were stolen in Denver, compared with 2,547 from the same period in 2020, according to the Colorado Metropolitan Auto Task Force (C-MATT).

    New C-MATT numbers show that 21,973 vehicles were reported stolen in statewide this year through the end of June. More than 75% of those, or 15,973, were taken from the streets of the Denver metro area.

    Those numbers put the metro area and the state on track to outpace last year’s unprecedented auto theft numbers. In all of 2021, 36,907 vehicles were stolen statewide, with 27,409 of those in the Denver metro area, according to C-MATT.”

    https://www.9news.com/article/news/crime/colorado-auto-theft-convictions/73-88e04dd1-f30b-4fcc-90c1-4b6b7f5a2f7f

    The /r/Denver Reddit thread with 40+ comments about this article does not mention once that this is a direct result of the City / County of Denver’s unanimous dominance of the Democrat Party in every City / County elected office.

    At least there’s no more mean tweets now.

    1. My favorite Dumver auto theft story was about a guy who had his Kia SUV stolen. He bought another one with the insurance money, and it too was stolen.

       1. “about a guy who had his Kia SUV stolen. He bought another one with the insurance money, and it too was stolen.”

          🙂

          You could get a sitcom picked up for a two-season deal using that story for the pilot.

    2. I told the wife this story and she said “how many were really stolen and how many are just “stolen to end car payments that they can’t afford anymore”. I thought it was a good question.

       1. I’m hearing anecdotally that repo men are working around the clock given a huge surge in auto loan delinquencies.

          1. I’ve heard that too. That lucky lopez video that was posted yesterday ? day before totally showed why. They are making loans at up to 130% loan to value. That’s insane

       2. Many are driven across the border into Mexico and sold.

19. “Let him eat cake”: AOC responds to Kavanaugh’s run-in with protesters while dining out:

    “Rep. Ocasio-Cortez mocked Kavanaugh after seeing Campbell’s analysis of the situation.

    “The least they could do is let him eat cake,” she said, adding a cake emoji.

    https://www.salon.com/2022/07/09/let-him-eat-cake-aoc-responds-to-kavanaughs-run-in-with-while-dining-out_partner/

    See also:

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

    1. What an idiot. She equates an ectopic pregnancy with an abortion.

       1. She equates an ectopic pregnancy with an abortion. That has become a major meme.

          1. Add to the biological idiocy a comment I saw the other day that women can be born XY and men born XX. Is biology not taught in high school anymore?!

             1. Is biology not taught in high school anymore?!

                How many fingers do you see, Winston?

    2. Any politician who sanctions such harassment and threats against political opponents in the public space loses the right to complain when the same thing happens to them. The breakdown of civility is another indicator of a rotten society in decline.

       1. She probably thinks that can’t happen to her, because cuckservatives won’t repay her in kind.

          1. I detest AOC, but think she like any citizen should be free to go about their lives without fear of being accosted or worse while out and about in the public spaces. It’s a dangerous thing when members of the left openly promote political violence against their opponents, as actions are going to inevitably cause reactions.

          2. There’s a pretty famous saying about liberals think violence is a dial like a thermostat that you can turn up and down as needed. And most conservatives think it’s a light switch with the two settings of “be cool” and “kill everyone”.

20. States must not be allowed to interfere with globalist-directed FedGov Great Replacement immigration policies.

    WHITE HOUSE WARNS TEXAS AGAINST ‘MEDDLING’ ON IMMIGRATION

    https://ARYNEWS.TV/WHITE-HOUSE-WARNS-TEXAS-AGAINST-MEDDLING-ON-IMMIGRATION/

    Washington: The White House on Friday warned Texas’s governor against “meddling” in federal affairs after he authorized state law enforcement to detain migrants who have illegally crossed the border from Mexico.

    1. I guess when California declared itself a sanctuary state, that wasn’t meddling.

21. The Financial Times
    Chinese business & finance
    China developers face $13bn wall of dollar bond payments in second half
    Foreign investors fear Beijing will favour onshore creditors as Shimao Group becomes latest to default
    The InterContinental Shanghai Wonderland hotel in Shanghai, China
    The InterContinental Shanghai Wonderland hotel was developed by Shimao Group, which defaulted on a $1bn bond last Sunday
    Hudson Lockett in Hong Kong and Edward White in Wellington
    July 7 2022

    Chinese property developers face a $13bn wall of foreign currency bond payments in the second half of this year, as a mounting default tally darkens the market outlook.

    China’s real estate sector has struggled to come to grips with slowing growth coupled with authorities’ efforts to rein in excess leverage. Waves of defaults have been triggered across the industry, unnerving fixed-income investors who frequently relied on developers’ offshore dollar bonds to deliver outsize returns during the era of ultra-low interest rates.

    Real estate company Shimao Group’s default on a $1bn bond last Sunday has heightened concerns among bondholders with exposure to Chinese developers, who have long been a central driver of issuance in Asia’s high-yield dollar debt market. The Shimao bond had traded at just 12 cents on the dollar last week — pointing to high levels of financial distress — ahead of the payment deadline.

    “It’s really just one after the other,” said one Asian fixed-income investor with experience trading Chinese developer debt. The investor added that most traders had stopped paying attention to yields and were instead looking at bonds’ dollar pricing — a switch that usually signals deep concerns or fears of imminent default.

    “For the developers everybody thinks are still OK, it’s good if they’re in the high 60s or 70s,” the investor said, referring to the bonds’ value in terms of cents on the dollar. “Otherwise, you’re below 40.”

    Data from Dealogic show about $13.3bn in dollar bond payments across more than 60 property groups will come due before the end of 2022, equivalent to 13 per cent of the sector’s more than $100bn in outstanding obligations to international bondholders.
    …

    1. Maybe they can get the bondholders to agree to take part of the payment in watermelons.

22. The globalist media fearmongering is reaching a fever pitch. Not enough Sudden Adult Death Syndrome cases, evidently, and we can’t let millions of doses of “vaccine” get thrown out.

    New omicron variant BA. 2.75 erupts out of India

    https://www.news.com.au/lifestyle/health/health-problems/new-omicron-variant-ba-275-erupts-out-of-india/news-story/ea0326b67afa55858cbf342de0aac5b5

    1. BA variant

       Is that what the BA in B.A. Baracus really stands for?

       https://www.eightieskids.com/27-things-didnt-know-mr-t/

    2. “we can’t let millions of doses of “vaccine” get thrown out.”

       US buys 105 million COVID vaccine doses for fall campaign

       By Matthew Perrone Ap
       Health Writer
       June 29, 2022, 6:42 PM

       WASHINGTON — U.S. health officials said Wednesday they have agreed to purchase another 105 million doses of Pfizer’s COVID-19 vaccine in anticipation of a fall booster campaign.

       The $3.2 billion deal announced by the Biden administration comes as federal scientists consider how to update the vaccines to better protect Americans from the rapidly evolving virus. Federal officials said the purchase agreement includes the option to purchase a total of 300 million doses, including a mix of doses for both adults and children.

       https://abcnews.go.com/Health/wireStory/us-buys-105-million-covid-vaccine-doses-fall-85964414

    3. Mass Formation Psychosis is one hell of a drug.

    4. Not enough Sudden Adult Death Syndrome cases, evidently

       According to the worldometers website, there were just 17,000 cases in India yesterday.

       Now roll up your sleeve, you’re due for another spike protein cocktail.

       1. Not sudden adult death syndromes cases, just plain old covid. Some eruption.

23. The “safe and effective” narrative is falling apart.

    https://stevekirsch.substack.com/p/the-safe-and-effective-narrative

24. Can you imagine the media outcry if Trump had done this?

    REVEALED: Joe Biden sold nearly ONE MILLION oil barrels from emergency reserves to state-owned Chinese gas giant that Hunter’s private equity firm had $1.7B stake in

    https://www.dailymail.co.uk/news/article-10997159/Biden-sold-Strategic-Petroleum-Reserve-Chinese-state-owned-firm-linked-Hunter-Biden.html

    Joe Biden has sold 950,000 barrels of the United States’ Strategic Petroleum Reserve to a state-owned Chinese firm which Hunter Biden’s private equity firm held a $1.7 billion stake, reports say.

    Last week it emerged five million barrels of oil have been sent abroad, after the White House claimed releasing them would help ease Americans’ pain at the pumps.

    1. You won’t see that reported in the evening news.

25. To all who voted for this corrupt POS: a heartfelt F##k You.

    REVEALED: Joe Biden sold nearly ONE MILLION oil barrels from emergency reserves to state-owned Chinese gas giant that Hunter’s private equity firm had $1.7B stake in

    https://www.dailymail.co.uk/news/article-10997159/Biden-sold-Strategic-Petroleum-Reserve-Chinese-state-owned-firm-linked-Hunter-Biden.html

    Joe Biden has sold 950,000 barrels of the United States’ Strategic Petroleum Reserve to a state-owned Chinese firm which Hunter Biden’s private equity firm held a $1.7 billion stake, reports say.

    Last week it emerged five million barrels of oil have been sent abroad, after the White House claimed releasing them would help ease Americans’ pain at the pumps.

26. When will local communities start defending themselves and their residents from the housing speculator locusts?

    Devon and Cornwall residents are told to cut down on shower times as summer influx of staycationers and second home owners puts pressure on water supplies

    https://www.dailymail.co.uk/news/article-10997381/Devon-Cornwall-residents-told-cut-shower-times-amid-influx-staycationers.html

    1. I have relatives in Cornwall. It’s VERY dependent on tourism.

27. Why would any patriotic white male want to serve in a “woke” military where they’ll be systematically marginalized and forced to serve under officers promoted on the basis of diversity and “inclusivity” rather than merit?

    Americans Not Wanting to Serve in the Military

    https://thenewamerican.com/americans-not-wanting-to-serve-in-the-military/

    The Pentagon’s top leaders are now scrambling for ways to find new recruits to fill out the ranks of the all-volunteer military. Woke policies are key to dwindling recruit numbers in all branches of the service.

    Being a successful military recruiter at times can be difficult, especially over the last couple of years due to inept leadership and woke policies. This has led to a poor recruitment environment not seen since the Vietnam War ended. All branches of the military are currently well under their projected recruitment goals, despite generous enlistment bonuses.

    The Army raised its maximum enlistment bonus from $40,000 to $50,000, and now offers new recruits up to $10,000 for showing up to basic training in 30 days. The Navy is right in step with the Army, offering incentives of up to $50,000 to qualified recruits depending upon the program and position sought. Even the Air Force, which usually never offers enlistment incentives due to receiving ample applicants, is seeing warning signs in their recruitment efforts.

    1. Army cuts pay, benefits from 57,000 unvaccinated National Guard, Reserves

       https://www.foxnews.com/us/army-cuts-pay-benefits-57000-unvaccinated-national-guard-reserves

    2. Americans Not Wanting to Serve in the Military

       Maybe they can get semi-illiterate, no English speaking, Nuevos Americanos to enlist. After they get their bonus they can go AWOL and head back home to Honduras or El Salvador with the cash.

       1. They keep lowering the standards, which is only going to accelerate the exodus of conscientious NCOs and officers who don’t want to spend their careers riding herd on a bunch of lowlifes.

          https://www.armytimes.com/news/your-army/2022/06/23/hand-ear-and-neck-tattoos-now-ok-for-soldiers-amid-recruiting-crunch/

          1. That “tramp stamp” on her neck so ‘ya don’t forget who you’re tapping when she’s facing the other way.

    3. Breitbart reported recently about the Armed Forces will now be requiring shared showers with pre surgery transgenders.

       This is what your grandfather stormed the beaches of Normandy for.

28. If you have to take out a 30 year loan to buy it you cannot afford it. Period.

    1. Debt is slavery.

       1. Seriously, the most important concept I’ve learned here at HBB over the last 17 years.

       2. There’s two kinds of people in the world. Those paying interest and those receiving interest.

          1. those receiving interest

             You mean the whopping 0.5% Mr. Banker pays you on your passbook?

             Still, I agree, it’s better than paying interest.

             1. You’re getting 0.5%????? dang, you lucky. I”m sure I”m not even getting that.

             2. 12 month T bills and brokered CDs are pushing 3% now. TBTF passbook accounts are for chumps.

          2. “…Those paying interest…”

             That’s how too many people afford the fake look-at-me SoCal lifestyle even with excellent (6 figure) incomes.

             They spend it on servicing debt.

             In other words, Mr. Bankers dream client.

29. In today’s military, mocking “wokeness” is a cardinal sin.

    Army suspends general after tweet appearing to mock Jill Biden

    https://www.axios.com/2022/07/09/army-suspends-general-tweet-mock-jill-biden

30. How are those vaccine mandates working out for ya, air travelers?

    Thousands of US flights delayed Friday

    https://www.foxbusiness.com/lifestyle/thousands-us-flights-delayed-friday

    18.5% of flights were delayed Monday through Thursday

31. In a few short weeks we’ve gone from “Live Auction Bidding, So Bring Best Offer!” to “Buyer Couldn’t Perform” To now “Motivated Seller, All Offers considered” and my favorite “Seller will pay points to buy down rate.” Who knew the season of giving would start so early? Just warms the heart!

    1. Finally, it’s the seller’s problem!

32. As of a few minutes ago, Realtor.com was showing Colorado Springs for sale inventory at 2,569, with 716 price reductions. Both numbers are big jumps over the day before. It’s finally dawning on greedhead sellers that they missed the peak, and now gravity is not their friend as the Biden economy’s downward spiral is accelerating. The fear among underwater FBs is going to be palpable in another week or so.

    1. It’s finally dawning on greedhead sellers that they missed the peak, and now gravity is not their friend as the Biden economy’s downward spiral is accelerating.

       I hope each and every one of them voted for Brandon.

       1. Colorado Springs is much more conservative than Denver.

          1. Ok then they voted for Romney.
             Big difference….lol

33. Sri Lanka Protesters Storm President’s House Amid Economic Meltdown

    by Zero Hedge
    July 9th 2022, 10:03 am

    https://www.infowars.com/posts/sri-lanka-protesters-storm-presidents-house-amid-economic-meltdown/

    Now that’s what I call an insurrection, rioting protesters swimming in the President’s pool.

    Sri Lanka President flees as protesters break into home
    8:05 AM · Jul 9, 2022·Twitter Media Studio

    https://twitter.com/htTweets/status/1545740909387874305?s=20&t=olqgd2AzuYSMojWvNf33YQ

    1. The gold collar criminals who are plundering America into insolvency have names and addresses.

    2. Now that’s what I call an insurrection

       Same thought!

34. Former Iraqi Information Minister Baghdad Bob would blush with shame and mortification if asked to put across the whoopers that the pathetic babbling WH spokeswoman Karine Jean-Pierre spouts without being challenged by craven Real Journalists from the lapdog media.

    Karine Jean-Pierre blasted for boasting US ‘stronger economically’ than ever ‘in history:’ ‘Pure gaslighting’

    https://www.foxnews.com/media/karine-jean-pierre-blasted-boasting-us-stronger-economically-ever-history-pure-gaslighting

    Social media users were not happy Thursday with White House press secretary Karine Jean-Pierre’s answer on economic woes.

    During the White House press briefing, Fox News’ Peter Doocy questioned Jean-Pierre on why she thinks that 88% of Americans say the country is “on the wrong track.” Jean-Pierre continued to blame rising prices on “Putin’s tax hike” and the war in Ukraine while insisting that Biden “has a plan” to deal with inflation.

35. Is it possible that Ben Bernanke’s housing price reflation program primarily benefited international investors and financiers, while putting home ownership out of reach for a growing number of American families?

    1. The FRED® Blog
       Housing recoveries without homeowners: National trends
       Posted on March 19, 2018

       Historically, the cost of buying a house has been positively correlated with the percent of households that own their home. During 1996 to 2006 in the United States, both the price of houses and the homeownership rate increased. This increasing trend ended abruptly with the global financial crisis, which saw house prices plunge and drove homeownership rates to historically low levels. If homeownership became less attractive in the wake of the financial crisis, we might expect both prices and homeownership to decrease. Similarly, if the current increase in house prices were driven by people buying homes to live in, we might expect the homeownership rate to increase along with prices. However, recent evidence shows that house prices and homeownership are diverging.

       The graph shows that, in the wake of the financial crisis, house prices declined by over 25 percent, from an index value of around 180 to around 135. The homeownership rate also dropped from a high of over 69 percent to just over 63 percent, its lowest level since 1980. Unlike in the past, the homeownership rate continued to fall even after house prices began to recover.
       …
       Homeownership is part of the “American Dream” and a key tool for households to build wealth. In the years since the recession, though, fewer Americans have bought homes and increasing house prices have made homeownership less attainable. What this means for the economy in the long term is unclear.
       …
       https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog

36. In the cashless society our Orwellian elites want to impose, imagine the chaos an event like this would’ve caused.

    Quarter of Canada’s internet knocked out in massive outage that dragged on for 19 HOURS, leaving millions without WiFi, ATMs or emergency services

    https://www.dailymail.co.uk/news/article-10997995/One-Canadas-largest-mobile-internet-provider-hit-massive-outage.html

    About a quarter of Canada’s internet service was knocked out after a massive outage left millions without WiFi, ATMs or emergency services for 19 hours.

    Rogers Telecommunications, which boasts more than 11 million wireless subscribers, said its network was beginning to recover after nearly every facet of life had been disrupted on Friday when Canadians lost internet access, cell phone and landline phone connections following the outage.

37. State governors must not be allowed to interfere with the invasion of Democrat-on-Arrival illegals across our open southern border.

    https://www.msn.com/en-us/news/us/abbott-tests-feds-by-urging-texas-troopers-to-return-migrants-to-border/ar-AAZl2Wb

38. Great news: San Diego made the list of top ten housing markets that cooled the fastest this year!

    “Seattle (#4), Boise, ID (#6), Denver (#7), San Diego (#8) and Tacoma, WA (#9) round out the list of the 10 housing markets that have cooled fastest this year. Cape Coral, FL, Las Vegas, Austin, Phoenix and North Port, FL–all popular migration destinations during the pandemic–are among the top 20 markets cooling fastest.”

    I sincerely hope the out-of-towners dump their San Diego shack investments before losing their appreciation and a large share of their principal to housing price declines. The locals around here need places to live, too.

    “The influx of out-of-towners, along with a limited supply of homes for sale, caused home prices in those places to rise rapidly, sending them from affordable to not-so-affordable. Boise home prices increased 53% from May 2020 to May 2022, reaching a median of $550,000, and Tacoma prices increased 47% to $575,000. Higher home prices, the pandemic tapering off and some workers returning to the office are causing their popularity to wane.”

39. testing…..

40. This is what it looks like when the vengeful pitchforks & torches finally come for the elites who have plundered their country into insolvency.

    Colombo, Sri Lanka right now. The Presidential Palace has been stormed, President Gotabaya Rajapaksa is said to have fled. Unbelievable scenes.

    https://twitter.com/ShivAroor/status/1545693026705719296

41. Testing again. Serious connectivity issues and cannot post.

    1. This post is visible as of 2pm mountain time.

42. The UK’s Labour Party is the local equivalent of the Democrat-Bolshevilks. Like their fellow globalist Quislings, they hate private autos (except for Comrades of Proven Worth) and view motorists as targets for wealth extraction.

    Labour-run Lambeth council accused of ‘grotesque profiteering’ over LTNs after handing drivers £22million fines in a year

    https://www.dailymail.co.uk/news/article-10998127/Lambeth-council-accused-grotesque-profiteering-LTNs-fining-drivers-22m-year.html

43. We have the most fantastic everything bubble imaginable, and it’s now starting to implode. A quick glance at used cars on Craigslist shows how horrifically distorted prices have become, completely detached from reality and what any working person can honestly afford.

    Thanks to a link posted here a few days ago, we were given insight into how these car prices were even possible – LTV (loan to value) rates of 140%. Who decided that a person can borrow 140% of the value of the car, and why is this legal?

    Financial shenanigans have now put the entire system, once again, in peril. And this is all because Obozo did not prosecute a single banker last time, and they were all allowed to keep the ill-gotten loot. The entire bubble, just like last time, is based upon subprime lending and fraud. Because incomes don’t even remotely support what’s going on.

    And I anticipate the same “nobody could have seen it coming” response once the meltdown of everything is in full swing, because once again it’s the lenders who will start taking it in the shorts, and face insolvency issues. This should have never been allowed to develop in the first place, but thanks to the FED and crooked politicians, they destroyed the entire economy.

    1. A quick glance at used cars on Craigslist shows how horrifically distorted prices have become

       In theory, I could sell my low mileage (50K) 9 year old car for 75% of what I paid for it. If I were to trade it in for a new one (same model) I would have to wait for the 2023’s to arrive in September, as no one has a 2022 in stock anymore.

    2. a link posted here a few days ago

       For those who missed it: Auto Loan Crisis Hits $1.8 Trillion in 2022

       1. Speaking of debt crisis, how big is the student loan debt balance by now?

          On a personal note, out of four kids, three of them largely steered clear of student loan debt. The fourth one is independent, well educated, and impoverished on paper. I expect she’ll figure out how to qualify for whatever loan forgiveness program the Democrats cook up.

          1. When will federal student loans be canceled? Answering your questions about college debt. By Hannah Lang Updated July 08, 2022 3:37 PM
             North Carolina is the country’s seventh-worst state for student loan borrowers.
             By Khadejeh Nikouyeh

             Americans owe the federal government and private lenders about $1.75 trillion in student loans, a growing burden of debt that is shaping the lives and finances of a generation of collegegoers. During the pandemic, the federal government granted forbearance for the majority of that debt, a pause President Joe Biden extended for the sixth time in April and set to expire on Aug. 31.

             Now, Biden is seriously evaluating canceling some of that debt, making good on a campaign promise to address the student loan crisis. The proposal has been a topic of heated debate among lawmakers, advocacy groups and borrowers. Some argue wiping away loans is unfair. Others say it’s a much-needed solution to growing debts that unfairly burden millions of Americans who sought their degree.
             …

             Read more at: https://www.charlotteobserver.com/news/business/article263153673.html#storylink=cpy

          2. “On a personal note, out of four kids, three of them largely steered clear of student loan debt.”

             Hopefully all completed a college degree or trade school program.

          3. Let me guess: the one with the day trading boyfriend?

44. It turns out that US housing price affordability has plummeted since the onset of the pandemic and is now at the lowest level since 2006, immediately before a protracted period of housing price declines which temporarily restored affordability by 2012 or so.

    1. Real Estate
       Housing-Affordability Index Drops to Lowest Level Since 2006
       Mortgage rates and home prices are up sharply, pressuring buyers and driving sellers to cut prices
       What a Housing-Market Cooldown Could Mean for Inflation and Home Buyers
       Despite forecasts for a cooling housing market in 2022, U.S. home prices are still hitting record highs, even with mortgage rates surging in recent months. WSJ’s Dion Rabouin explains what’s driving demand, evidence of a slowdown on the horizon, and what that could mean for the economy.
       By Nicole Friedman
       July 8, 2022 10:00 am ET

       Record home prices and higher mortgage rates in May made it the most expensive month since 2006 to buy a home, prompting more buyers to give up and pressuring sellers to cut asking prices.

       The National Association of Realtors’ housing-affordability index fell to 102.5 in May, the association said Friday, the lowest level since the index fell to 100.5 in July 2006. It was close to the lowest level since July 1990, when the index stood at 100.2. The affordability index incorporates median existing-home prices, median family incomes and average mortgage rates.
       …
       https://www.wsj.com/articles/housing-affordability-index-drops-to-lowest-level-since-2006-11657288800

45. Why Some Mortgage Companies Are Shutting Down
    Jul 8, 2022

    https://www.youtube.com/watch?v=nmvnYCG0_ME

    9 minutes.I think this is a Phoenix UHS. From the comments:

    I worked for a mortgage company (in the marketing department) I bought a house using that company and then I was laid off June 1st (the same day my first mortgage payment was due) this makes sense why the job market is so saturated right now. It’s been over a month, I’ve applied to over 40 jobs and gotten 2 interviews and no job offers. It’s rough out there. Also have a mortgage now to pay 😅

    1. “I’ve applied to over 40 jobs and gotten 2 interviews and no job offers”

       OnlyFans

    2. I’ve applied to over 40 jobs and gotten 2 interviews and no job offers. It’s rough out there.

       As a self-employed skilled tradesman, I have never had a problem finding work. I’m not saying it couldn’t happen, but I can almost see the finish line to my working life and think I may make it.

46. LAS VEGAS
    $100,000 Price DROP in SUMMERLIN – Are Drastic Home DECREASES on the Way & has Housing Market Peaked
    Jul 8, 2022 The U.S. housing market is slowing—fast. A combination of record appreciation in home prices—which jumped 37% over the past two years—and spiking mortgage rates—up from 3.2% to 5.88% over the past six months—has brought the pandemic housing boom to an end. We’re staring down the sharpest decline in housing “activity” since 2006.

    https://www.youtube.com/watch?v=w_Jy4NNRzzw

    4:42.

47. San Jose and Gilroy Real Estate Market Update For June 2022
    Jul 8, 2022

    https://www.youtube.com/watch?v=jwYelwAbOU0

    1:23.

48. Temecula Market Update | July 2022
    Jul 8, 2022

    Morgan Hill
    Vail Ranch
    Redhawk
    Wolf Creek
    Crowne Hill
    Paseo Del Sol
    Paloma Del Sol
    Chardonnay Hills

    https://www.youtube.com/watch?v=DUVPmu1zd1g

    6 minutes. Price slashin’! summary at 5 minutes.

49. Do you want to sit or do you want to sell? 🏠 3 Changes affecting the Housing Market in Park City
    3 hours ago

    https://www.youtube.com/shorts/7dlufPoCVeM

    This is the sunglasses girl. About 1 minute.

    1. She needs to put the worlds largest pair of shades back on. Looks like she brushed those eyelashes with an iron rake.

       Ok lets review.

       “Do you want to sit or do you want to sell?”

       “If you’re a serious seller then you want to sell that house!”

       “We have increased inventory”

       “We’re seeing lots of price reductions”

       “Our pending sales are dropping”

       “Instead of selling in four days it could take four weeks.”

       “It’s not crashing just leveling itself out.”

       Ok I’ve made up my mind, I’m going to sit. If I ever get tired of that I might just squat. In fact I might look in to being a serious squatter.

50. I moved from Connecticut to Florida 40 years ago in the summer of 1982. My first wife and I put everything we could in a VW bus with just enough room for Clyde my Black Lab in between the driver and front passenger seats. (5 years later my first wife went back to Connecticut but me and Clyde stayed in Florida) 🙂

    Anyway, that was a long slow ride in an overloaded VW Bus with an underpowered 1500 cc air-cooled engine and seats that had put knots in my back before we hit North Carolina. But still we were young, stupid, in love and all that cr@p. Not to mention taking a big risks and having an adventure.

    Didn’t think about it being that long ago until some satellite radio dj played this song the other day and said it was 40 years old, it played a bunch on that trip. Have to admit it made me smile.

    Asia – Heat of the Moment

    https://youtu.be/znqVIReM7Kc

    1. 1982…. It was these round the clock.

       https://youtu.be/86URGgqONvA

       https://youtu.be/hByGwgm_vRs

       https://youtu.be/LMcDg2HwOnM

       1. All fine choices for a red blooded American yoot.

          https://youtu.be/U7BMCZdXSlk

51. Arizona Real Estate and Lending News-BALANCED?
    Streamed live on Jul 8, 2022 Looks like the Arizona real estate market has hit that magic spot to be called a balanced market even faster than we thought.

    https://www.youtube.com/watch?v=fV2qngM0cwU

    Phoenix, 38 minutes, read em and weep.

52. I’m loving how these Realtors are either playing stupid or saying I told you so. They remind me of the busted drug smugglers at airports who claim they dont know how the drugs got in their baggage.

53. Do you wish you had avoided submerging market bond funds?

    1. The Financial Times
       Emerging markets
       Investors pull $50bn from emerging market bond funds in 2022
       ‘Perfect storm’ for developing economies triggers most severe net outflows for 17 years
       A woman holds Turkish Lira banknotes
       A woman holds Turkish Lira banknotes. The Federal Reserve’s rate rises this year, and plans for more in the offing, are particularly toxic to emerging markets
       Nikou Asgari in London 3 hours ago

       Investors have pulled $50bn from emerging market bond funds this year in the latest sign of how a sharp tightening of monetary policy in developed economies and the war in Ukraine has sparked a flight from the asset class.

       The net outflows from EM fixed income funds are the most severe in at least 17 years, far worse than were recorded during a bout of acute concern about China’s economy in 2015, data collated by JPMorgan show.

       “It has been pretty dramatic,” said Marco Ruijer, emerging markets portfolio manager at William Blair, adding that the combination of soaring global inflation, tightening central bank monetary policy and Russia’s invasion of Ukraine has culminated in “a perfect storm” for emerging market debt.

       The strong shift away from emerging market bonds, which are typically considered to be riskier than their developed market counterparts, has pulled prices sharply lower this year. The benchmark index of dollar-denominated emerging market sovereign bonds, the JPMorgan EMBI Global Diversified, has delivered total returns of minus 18.6 per cent in 2022, leaving it on track for its worst annual run on record.
       …

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