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Yes, You’re Down From The Peak, Which Was A Crazy Peak

A report from the Review Journal in Nevada. “Las Vegas high-rise closings set an all-time record during the first six months of 2022 but the condo market — like in the single-family home segment — has slowed with higher interest rates and concerns about the economy. Sellers are recognizing they may have to drop their prices to attract buyers in a slowing market, said Michael Zelina, a Realtor with Corcoran Global Living. Zelina called the high-rise market stagnant with a lot of people still looking but not making offers.”

“‘I think it was a market scare and everyone took a break,’ Zelina said about the stagnance, ‘Interest rates went up, and people were worried about the economy. We have a buyer segment that says we’re not purchasing right now.'”

“Anthony Spiegel, a luxury Realtor with the Ivan Sher Group and Berkshire Hathaway HomeServices, said what’s happening in the condo market is the same marketing forces impacting the single-family housing market — there’s a pause. ‘We’ve seen a significant pullback in general interest and showing requests,’ Spiegel said. ‘Most of the time luxury is discretionary and discretionary income is evaporating and people are wondering if prices have gone up too much.'”

The Olympian in Washington. “The Thurston County housing market is not what it once was. The county median price in July was $505,000, down from $525,000 in June. Although the county housing market has slowed, ‘Our market is slowing down and prices have flattened out,’ said Steve Pust, managing broker at Van Dorm Realty in Olympia.”

“Pust added it is a return to normal. Sellers are being more careful about how they price their home, and buyers are able to negotiate again. During a more frenzied period of the market, some buyers waived the home inspection to make their offer more competitive, he said. Of the 600-some active home listings on the market in July, about 100 of them reduced their list price, Pust said.”

Colorado Community Media. “From June 2021 to June this year, the number of active listings for single-family homes in the Denver metro area jumped up by about 52%. Statewide, the number saw about a 43% uptick. ‘The story here, just to be frank, is not that all the sudden the market has drastically changed — it’s that it mellowed out compared to 2021 and 2020,’ said Matthew Leprino, a Realtor based in metro Denver. ‘The current state of Colorado’s housing market is not that different from 2019.'”

“The hike in interest rates is a main factor driving the increase in the pool of available homes, but the dizzying level of housing prices themselves appears to be slowing demand down too, Leprino said. ‘I wouldn’t say it was totally unexpected. You can’t have the kind of price appreciation that we’ve had’ and not see a slowdown at some point, said Leprino, using a term for an increase in price. Housing prices had been on a steep upward swing for years in Colorado even before the pandemic. ‘I think everybody’s spent the past 14 years or so waiting for the next shoe to drop,’ wondering whether a new housing recession will occur, Leprino said.”

“There may be short-term regressions in price: 2007 and the next couple years are good examples, Leprino said. ‘But by 2014, we had more than rebounded the prices of what they would have already been had the dip not taken place,’ Leprino continued. ‘In a long-term scenario, (housing prices) always go up,’ Leprino added. ‘Denver has been such a draw for people for so long because it was inexpensive, because it’s clean, because it’s safe,’ but those attributes aren’t quite as true today, Leprino said.”

The Washington Examiner on Colorado. “Friends and family arrived for a graduation in May at the University of Denver. We forgot to warn them. Once a cosmopolitan utopia of clean, safe, family-friendly neighborhoods and parks, Denver now looks and feels like a drug orgy. Following the graduation, a dinner and cocktail party went well at the B&B. Then came the morning. Guests awoke to strangers passed out on the driveway leading from the alley to the B&B garage and parking lot. One had a spent needle in her arm. No one could leave without running them over.”

“An out-of-town guest called 911, expressing concern for the people on the pavement. A dispatcher asked if they were breathing. Affirmative, said another guest who checked their pulses. The dispatcher said authorities and medics might respond, but if all were breathing, it would take a long time. ‘What I’ve seen in Colorado Springs and Denver, you almost never see in St. Louis or Kansas City,’ my brother said. ‘Sure, you see homeless encampments and occasional tents under overpasses or in parks. In Colorado, addicts on the sidewalk are common.'”

“A few blocks from the UD campus, graduation guests rented a spacious bed and breakfast. The old neighborhood surrounding the university remains moderately upscale. A two- to three-bedroom bungalow sells for $700,000 and up. Residents are educated and affluent, with about 22% enrolled in graduate or undergraduate programs. Yet they are surrounded by a drug scene one expects on skid row.”

The Toronto Star in Canada. “While prices for detached homes have dropped steeply in most regions of the GTA, the prices in King have plummeted, according to the Toronto Regional Real Estate Board. The township, known for green rolling hills, large, mansion-like homes coupled with suburban amenities amid idyllic country life, has had the average selling price fall from $3,218,42 in February across 38 home sales, to $1,664,046 across 20 home sales in July. That’s a 48 per cent price drop in just three months.”

“The price fall in King and lower inventory is indicative of how increased interest rates to combat inflation have cooled bidding wars across the GTA. But the prices have been so high for so long, that they were bound to drop, and these current prices are more ‘normal,’ some realtors told the Star. ‘We have to manager our seller’s expectations. ‘It’s really hard to inform somebody that they’re not getting what their neighbour got three, four months ago. And significantly lower,’ said Julianne Boileau, a sales representative at RE/MAX Hallmark York Group Reality that services several GTA areas, including King.”

“Vadim Vilensky, a broker of record at RE/MAX RealtronVadim Vilensky Realty Inc., said that while prices have dropped steeply in the last three months — current prices are not too dissimilar to the previous year. What has really caught Vilensky’s attention is the low inventory in a region like King, as just 20 homes were sold in July 2022. In the current environment, sellers are in a position where they cannot sell their house unless they buy something else, due to the low inventory, he said. ‘But if other sellers are not willing to come onto the market, it becomes a chain reaction,’ he said.”

“His clients are frustrated, as they’ve been looking at how their neighbours have sold their homes for more than a million dollars more than they will get. But he provides comfort by explaining that compared to summer 2021, they are still making a good profit margin on their home. ‘Yes, you’re down from the peak of this year, which was a crazy peak. But you’re still up by a lot from last year,’ he said.”

The Globe and Mail. “In this environment, Christian Vermast and Paul Maranger of Sotheby’s International Realty Canada say sellers should aim to have a property that stands in the top 10 per cent of its category in order to attract the eyes of buyers. In other words, the home or condo must be priced to today’s market conditions and also have attributes like a good location, high-quality finishes and polished presentation. ‘It’s the mediocrity that’s going to languish,’ Mr. Maranger says. ‘It’s the abrupt nature that shocked people,’ Mr. Maranger says of the sudden slowdown.”

“Mr. Maranger points out that sales in the GTA have been extremely slow in July in all price segments – falling roughly 50 per cent from the same month last year – and he expects August to remain sluggish. The agents say the sellers facing hardship will be more motivated to sell and will therefore set realistic prices. ‘Those are the properties that are going to go first because they’re going to be priced very sharply,’ he says. ‘The over-priced and mediocre will sit and sit and sit and they will artificially inflate inventory.'”

“Mr. Maranger says the conversation now with homeowners revolves around ‘how motivated are you? How patient are you? How much time do you have?’ The agents recall the downturn of 2008 when homeowners would list their house with a sign that says ‘for sale or for lease.’ ‘We’re going to start to see that again.'”

From News.com.au. “The Australian property marketing is already ‘settling,’ with rising interest rates scaring borrowers away and forcing sellers accept lower prices. Stefan Stella from Ray White Glenroy, told news.com.au there was ‘a bit of turmoil’ in the market but that ‘anything that’s priced correctly does sell.’ ‘I had another auction on Saturday that was a complete dead duck, no action whatsoever,’ he said. That property, a 700 square metre corner block development site, would have normally sold for $1.3 million to $1.4 million, but passed in at $1.1 million.”

“When prices began to fall earlier this year, Mr Stella said many sellers baulked at taking a haircut on a ‘superior property’ to one down the street that might have sold for a higher price just a few months earlier. ‘With all the negativity in the media the past three or four months, I’d say now most people are accustomed to the market that is, whereas at the start they were utilising comparable sales from three months earlier when the market was no longer comparable,’ he said. ‘That’s where it was hard. Everything is still selling provided it’s priced right.””

“‘The real question is going to be, what’s going to happen in September, October, November as the market appraisals start lining up now as we end the winter, and we move into our spring selling season which sees an upswing in listings?’ said Sydney-based auctioneer Tom Panos. ‘One would assume that more listings should see a softening of prices. But the softening’s already happened. I’ve said it before, there’s a data lag that economists are missing by about three, four months. The market has already be repositioned in most areas by 10 per cent, even 15 per cent, some markets even 20 per cent. But realistically, we’re probably going to see another softening of around five, 10 per cent. We’re close to the bottom I think.'”

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This Post Has 112 Comments

  1. FYI I had my search time for videos cut a bit yesterday but I didn’t see anything that caught my attention. When I started it was ‘wow, she admitted prices are down.’ Now they all say that pretty much. I will continue to look for news that adds to our knowledge of what’s happening right now.

    ‘His clients are frustrated, as they’ve been looking at how their neighbours have sold their homes for more than a million dollars more than they will get’

    Is that a lot?

    1. I believe they finally decided to get ahead of it instead of waiting for someone like Senior Housing Analyst to do it for them.

      1. I’m still going to post them. But if I am going to suggest it to people here, it should contain news we don’t see elsewhere.

  2. ‘‘The story here, just to be frank, is not that all the sudden the market has drastically changed — it’s that it mellowed out compared to 2021 and 2020…The current state of Colorado’s housing market is not that different from 2019’

    Prices are 40-60% higher, but other than that it’s like 2019!

    ‘There may be short-term regressions in price: 2007 and the next couple years are good examples, Leprino said. ‘But by 2014, we had more than rebounded the prices of what they would have already been had the dip not taken place’

    I’m glad Matt brought this up. You have had a massive bubble since 2014. CCP virus, to moon Alice! And yer fooked.

    1. The Springs isn’t nearly as bad as Denver or how he described it. Yup, downtown CO Springs has homeless, but it’s not a big population like Denver and it’s contained to the city, really it’s only a small section on the fringes. The suburb’s are clean and friendly, in Denver the homeless and addicts are sleeping in your backyard.

      1. +1

        Denver is, in the words of the head of the transit union here, a “lawless hellhole”

      2. You could have fooled me based on the incredibly large number of “Don’t give the homeless money” signs everywhere in Colorado Springs.

  3. ‘An out-of-town guest called 911, expressing concern for the people on the pavement. A dispatcher asked if they were breathing. Affirmative, said another guest who checked their pulses. The dispatcher said authorities and medics might respond, but if all were breathing, it would take a long time’

    Jeebus what a sh$thole. Do people up there not realize how insane this is?

    1. How was yer trip honey?

      Well I took the pulse of passed out hobos. But the ceremony was nice!

    2. Jeebus what a sh$thole. Do people up there not realize how insane this is?

      To Democrat-Bolshevik municipalities, vagrants passed out on the sidewalks and HIV-contaminated needles on playgrounds mean “We have arrived.” Now the Compassion, Inc. patronage and graft rackets can spring into action, funneling limitless taxpayer dollars into the coffers and pockets of Democrat apparatchiks.

    3. Once a cosmopolitan utopia of clean, safe, family-friendly neighborhoods and parks, Denver now looks and feels like a drug orgy.

      Denver, SF, Portland, OR, Seattle – these places are filthy dumps now. In my opinion it’s going to take a total reversal on the drug laws to clean this up. Short of that, it’s over.

      1. The way /r/Denver defends this place on Reddit is laughable.

        “Muh vibrant cuisine” et cetera…

    4. In liberal “logic”, once you check their pulse they are probably your responsibility. Imagine being told to perform CPR or else you will have “killed” the poor innocent meth head? And the Soros DA is just waiting to prosecute you?

      1. Several military officers just died in Daytona Beach giving cpr to their mates who ingested fentanyl. To even take a pulse without a rubber glove may kill you. Fentanyl is dangerous stuff.

  4. ‘What has really caught Vilensky’s attention is the low inventory in a region like King, as just 20 homes were sold in July 2022’

    This is something I learned from the videos: these igloo clusters have tiny amounts of sales. I’m wondering when the media is going to ask, what the heck happened here in the past 2 and a half years? For now we get ‘pandemic this and pandemic that.’ It wasn’t the respiratory illness people. It didn’t have a gotdam thing to do with it.

    1. It wasn’t the respiratory illness people. It didn’t have a gotdam thing to do with it.

      It was disgustingly corrupt, greedy, reckless central bankers and their crooked political puppets who created this.

    2. “In the current environment, sellers are in a position where they cannot sell their house unless they buy something else, due to the low inventory, he said”

      I know this is from Canada and they speak strange English, but low sales does not necessarily equal low inventory. And unless this one little burb is bucking the trend, I am going to guess actual inventory of homes for sale is double what it was in February. Which would make this relitter a typical lying relitter.

      1. cannot sell their house unless they buy something else

        Last fall I know some people got caught selling their house quickly and then having long hotel stays because they couldn’t buy where they were moving to. Outbid on every offer & etc. The realtor is talking about the past.

  5. ‘the softening’s already happened. I’ve said it before, there’s a data lag that economists are missing by about three, four months. The market has already be repositioned in most areas by 10 per cent, even 15 per cent, some markets even 20 per cent. But realistically, we’re probably going to see another softening of around five, 10 per cent’

    DONG!

    1. I know they’re talking about Australia, but the same can be said for the US. The data is backward looking, and what’s happening right now is not reflected for another several months.

      I am seeing massive price declines. In some areas I watch, they are already reporting close to 10% median house price declines, but right this moment it’s probably pushing 15%+.

      Boatloads of people who bought in the past year are already deeply underwater. And a whole host of people selling with “equity” are missing the boat completely as they try to greedily hang on to phantom gains. A friend’s greedy neighbor who is priced way too high is now competing with a house that is nicer yet listed at $100,000 less.

    1. ‘Eviction filings in Arizona’s largest county have surged higher than at any time in the last 23 years. Data released Thursday by the Maricopa County Justice Court shows that the July filing figure of 6,405 is higher than any month since October 2008, when the number hit 6,975.’

      ‘It’s also the second month in a row that the court that includes Phoenix metro has seen a monthly filing total higher than any seen in 2019 before the coronavirus pandemic.’

      https://ktar.com/story/5182829/eviction-filings-in-maricopa-county-surge-to-highest-level-in-23-years/

      1. “New Mexico was lauded this week during a White House summit for its successful programs to rein in evictions, said the state’s Supreme Court Chief Justice C. Shannon Bacon.
        Bacon credited a court-based eviction prevention program that was phased in this year to help tenants and landlords.”

        A “court-based eviction prevention program” to “help…landlords”. Lemme guess, the courts “help” bend the landlords over.

    1. “Flight attendant union rep says US air travel is suffering a ‘breakdown’ and the ‘job is not sustainable’ for overstretched staff – as American travelers are hit by another weekend of travel chaos with more than 1,000 cancellations.”

      https://www.nerdwallet.com/article/travel/airline-bailout-what-did-consumers-get?trk_location=ssrp&trk_query=u.s.%20airlines%20bailouts&trk_page=1&trk_position=1

      Ask a Travel Nerd: Did the Airline Bailout Help Consumers?
      Travelers face higher costs and worse service in post-bailout air travel, despite funding the rescue.

      Sam Kemmis
      Jul 27, 2022

      “When the 2008 financial crisis roiled banks, the federal government jumped in with an enormous bailout effort. Two years later, Congress slapped the industry with a sweeping set of reforms and important consumer protections.”

      “That made sense. The government is by the people and for the people, after all. So bailing out banks meant that everyday people (i.e., consumers) were in a strong position to demand better treatment.” [Yeah, right. “Foam the runway” was about it for consumers. Read that as a big fat zero for Main St.]

      “Well, it’s been nearly two years since U.S. airlines received more than $50 billion in federal aid as part of the pandemic bailout efforts. So, air travelers should be receiving those consumer protections any day now.”

      Right?

      Staffing shenanigans

      At least $25 billion of the airline bailout covered “payroll protection” for passenger air carriers. Basically, they were given money to keep employees on payroll while the pandemic cratered demand.

      Given this, why is the current air travel chaos being pegged on staffing shortages? Shouldn’t airlines have retained all those employees with the generous government bailout?

      “Well, the airlines pulled a tricky move during the demand doldrums of 2020: They offered senior staff generous retirement packages. Technically, the airlines weren’t furloughing or laying these employees off, so they were able to keep the bailout money while cutting expensive staffing costs at the same time.“

      “This was likely a deft move from a business perspective, but it has resulted in a full-scale catastrophe for air passengers. Staffing shortages have caused widespread delays, cancellations and lost baggage, not to mention skyrocketing airfare prices due to constrained supply.“

      “In short, we the people are paying more for airfare and getting worse service because we bailed out the airlines.“

      “Huh?“

    1. “Says the price slashin’ is investors and iBuyers.”

      https://www.forbes.com/sites/johnwake/2022/08/04/2-reasons-house-prices-will-start-falling-sooner-than-expected/?sh=418be85c20ec
      Real Estate
      2 Reasons House Prices Will Start Falling Sooner Than Expected
      John Wake Contributor
      I write about real estate economics.
      Aug 4, 2022,01:14am EDT

      “In our coming house price correction prices will still be sticky on the downside but two changes since 2006 will make prices a lot less sticky. First, home buyers and sellers have a lot more information about the real estate market today and, second, landlords have bought a lot more single-family houses in recent years than they did last time.”

      “More Landlords”

      “In a falling market it’s a lot easier for landlords to sell than for families who live in the houses they own. The families would have to find new places to live if they sold. Not so for landlords.”

      “Investors purchased a record 21% of single-family houses sold in the U.S. in the first quarter of 2022, according to Redfin. In the first quarter of 2006, investors only bought 10%. Having double the landlord purchases should make house prices less sticky on the downside than in 2006 because it’s easier for landlords to sell when prices start falling.”

      “More Data” [More (realistic) Data. Thanks esp. to people like Ben and the HBB!]

      “A much larger difference between 2006 and 2022 is the amount of information available about the real estate market. This may be hard to believe today, but it wasn’t easy to find the sold prices of the houses in your neighborhood in 2006. Zillow didn’t exist until 2006! Today, asking prices and sold prices are all over the internet.”

      – Keep the popcorn handy. 🙂

      1. I don’t know how it was in 2006, but I can go to the county clerk of court website and find out for how much a house sold. It’s not that hard.

    1. There are lots of unhappy people in the housing market right now.

      They are called sellers.

      1. The Wall Street Journal
        Personal Finance
        Home Sellers Cut Prices as Housing Market Cools
        How higher mortgage rates—and frustration—are changing the playbook for sellers
        By Veronica Dagher
        Aug. 5, 2022 5:30 am ET

        There are a lot of unhappy people in the housing market right now. Among the most miserable are sellers realizing they have listed their properties too late.

        For much of the country, real estate had been on a tear since the start of the pandemic. Home prices are up about 44% over the past two years, according to Redfin.
        …

      2. Should you stay or should you go? As economist warns that US house prices are set to PLUNGE, financial and real estate experts offer their advice to prospective buyers AND sellers about what move to make next – and when
        By Brooke Sweeney For Dailymail.Com 13:00 EDT 05 Aug 2022 , updated 17:12 EDT 05 Aug 2022

        – Last week, economist Ian Shepherdson warned that house prices in the US could be on the verge of dropping by up to 20% because of ‘cratering demand’
        – He noted there are now 40% more single-family homes available than four months ago and said US home prices are ’15 to 20% overvalued’
        – The ups and downs of the real estate rollercoaster have left many home owners and prospective buyers in a state of doubt and upheaval
        – So, DailyMail.com spoke to a panel of housing market experts about what’s going on in the market and where, why, and when to buy or sell your home
        – Real estate experts, economists, and investment strategists have weighed in on the best time to buy and sell
        – They advise sellers to offload their properties as soon as possible, while buyers are encouraged to wait until prices drop even further
        …
        https://www.dailymail.co.uk/news/article-11059391/Financial-real-estate-experts-offer-advice-prospective-buyers-sellers.html

  13. Professor Bear
    August 8, 2022 at 3:29 am

    “We attended a woke version of a Shakespeare play this weekend, and now my wife wants to drop our season subscription. Sorry, Shakespeare’s characters were not LGTBQ.”

    Kudos to the Professor’s wife for making a statement for sanity in the face of powerful forces to the contrary.

    1. Lysander was not from the Isle of Lesbos.

      Luckily the producer of the Old Globe’s bastardized version of A Midsummer Night’s Dream is taking a new position in New York City. Good riddance!

  15. “From June 2021 to June this year, the number of active listings for single-family homes in the Denver metro area jumped up by about 52%”

    It’s a good thing everybody put 20% down.

  16. Your federal income taxes are paying for this.

    Russia Today — Pentagon-hired contractors ‘everywhere on battlefield’ in Ukraine (8/8/2022):

    “Ukrainian forces have “had the American military at their side” from the start of the conflict with Russia, the magazine Causeur cited a “well-placed analyst” in French intelligence as saying. Pentagon-hired contractors are allegedly “everywhere on the battlefield.”

    The claim was published by the right-leaning outlet last week in an analysis of the five-month-long Russia-Ukraine conflict, which, it stated, “is not the fight of David against Goliath,” contrary to what many people believe.

    “In Ukraine, the Pentagon for the first time subcontracted large-scale warfare,” the magazine cited its source as saying. These “mercenaries” come in addition to the “gigantic” military aid provided to Kiev by Washington, and are not necessarily frontline fighters, according to Causeur.

    https://www.rt.com/russia/560458-ukraine-american-contractors-battlefield/

    1. “…and are not necessarily frontline fighters…”

      Guess who is keeping track of those sophisticated portable weapons?

      1. Many of those Russian and Ukrainian soldiers would love to desert the battlefield with one of those Javelin weapons, sell it on the black market, skip-off to Greece and make peanut butter-n-jelly sandwiches while getting a suntan.

  17. CBS News Censors Its Own Documentary Exposing How 70% of US Funding of Ukraine is Wasted

    by Paul Joseph Watson
    August 8th 2022, 5:56 am

    A tweeted posted by CBS on Friday promoted its new film ‘Arming Ukraine’ by explaining that the documentary “explores why much of the billions of dollars of military aid that the U.S. is sending to Ukraine doesn’t make it to the front lines: “Like 30% of it reaches its final destination.”

    In the documentary, experts told CBS they had no idea where most of the weaponry was going.

    Republican lawmakers explained how they felt vindicated by the revelation, having previously opposed a $40 billion Ukraine aid package.

    “This [is] one of the reasons I voted ‘no,’” US Representative Marjorie Taylor Greene (R-Georgia) tweeted in response to the CBS report.

    “Flooding a country with advanced weapons can have grave consequences, even when done with the best of intentions,” CBS’s description of the documentary read. “This CBS Reports documentary goes inside Ukraine to get a firsthand look at how military aid gets from the border to frontline soldiers, and explores the difficulties of getting the aid to the fighters who need it.”

    However, the film has now been completely removed from the CBS website, with a ‘page not found’ label in its place.

    After being bombarded with questions as to why the film was censored over the weekend, CBS finally announced why they had removed it.

    “We removed a tweet promoting our recent doc, “Arming Ukraine,” which quoted the founder of the nonprofit Blue-Yellow, Jonas Ohman’s assessment in late April that only around 30% of aid was reaching the front lines in Ukraine,” said a tweet.

    https://www.infowars.com/posts/cbs-news-censors-its-own-documentary-exposing-how-70-of-us-funding-of-ukraine-is-wasted/

    1. “You can always tell how important narrative control is by watching the way people react when their control of the narrative is jeopardized.
      Empire apologists are raging at Amnesty International for pausing its aggressive facilitation of western imperialism to issue one brief criticism of the way Ukrainian forces have been endangering civilian lives with their warfare tactics against the Russian military.
      Amnesty is far from the first to highlight this extensively documented issue; that Ukrainian forces have been deliberately positioning themselves in civilian populations without taking proper measures to protect noncombatants is a concern that has been voiced repeatedly since the war began and reported on by both mainstream western news outlets and the United Nations.”

      https://caityjohnstone.medium.com/russian-propaganda-just-means-disobedience-79c36f45365a

      Russia is winning.

      1. “The ecstatic callowness of the media is jaw-droppingly stupid when it comes to opining on Russia in general and Putin in particular. Consider first these headlines from the Washington Post’s opinion page.

        The will of Ukrainian volunteers shows how we will prevail over Russia by Iuliia Mendel

        Even from prison I can see opposition to Putin’s war growing by Vladimir Kara-Murza

        Putin is doing his best to out-fascist Mussolini by George Will

        ‘Realists’ have it wrong: Putin, not Zelensky, is the one who can end the war. by Michael McFaul

        Note that the Post is making sure that no dissenting opinions appear. When you are running a propaganda op you must ensure that disquieting facts that challenge the party line are blocked. George Will, apparently mentally slipping in his dotage, does not appreciate the irony of labeling Putin a fascist while he–George Will–eagerly peddles the party line in order to please corporate and government masters. Ignorance is bliss, George.

        https://www.thegatewaypundit.com/2022/08/western-propaganda-continues-promote-meme-russia-toast/

        Russia is winning.

  18. Pennsylvania schools suggests ‘ne’ and ‘xe’ as gender-neutral pronouns for students

    By Matt Delaney – The Washington Times – Tuesday, August 2, 2022

    Recent coinages such as “ne” and “xe” are just some of the gender-neutral pronouns being suggested by the Pennsylvania Department of Education for teachers and administrators ahead of the coming school year.

    They are part of broader guidance offered by the state online called “Creating Gender-Inclusive Schools and Classrooms.”

    The webpage says that in addition to such pronouns as he/him, she/her and they, “some people prefer to use gender-neutral pronouns, such as ne, ve, ze/zie and xe.”

    Aerosmith – Ve (Looks Like A Zie) (Official Music Video)

    https://youtu.be/nf0oXY4nDxE

    1. Remember, when you buy a house, your property taxes are paying for this in the public schools.

  19. 50 Dem Senators just voted against defining pregnancy as a female biological process.
    So, there is a cult of insane people in the highest levels of Government, that have some purpose in the redefining of biological facts.
    Panademics have been redefined, vaccines have been redefined, Recession redefined, justice redefined, open borders don’t exist,and Trump supporters are domestic terrorists.
    And were is the proof that Climate Change , that has occurred for millions of years, is caused by Co2 emissions.
    And there couldn’t be a climate change effect by all the chem trails, and Bill Gates thinks the Sun should be blocked out.
    And bugs and fake chemical food should be the mainstay diet of humans, along with mandated vaccines riddled with toxic poisons , to fight the invisible virus.
    And Klaus Schwab and Dr Harari think that people should be hacked, under surveillance, no free will , because they are useless eaters.
    And depopulation is a word used as if it’s not murder. Its one group of people murdering other groups of people . And people being destroyed by injury , is causing long term misery, pain and suffering, and its cruel, to say the least.

    The insanity of the ” official fake narratives campaign “, where food and fossil fuels are to be something populations are deprived of , is upon us.
    These psychopaths, that infiltrated the UN, Governments and their Agencies, with a agenda for some One World Order , where murdering global populations is all part of the sustainable earth agenda is being implemented.
    These people are psychopaths, they are insane, they are fraudsters, and crimes against humanity don’t bother them one bit. The Great Reset of homicide, enslavement, deprivation, transhumanism, because they are the new Gods with a plan.

    ,

  20. Buckets upon buckets of money which hasn’t been earned yet for a rapidly depreciating money pit called a house.

    Houses are a place to live….. and an investment for poor people and those who failed 6th grade math.

    Las Vegas, NV Housing Prices Crater 21% YOY As Desperate Sellers Send Inventory Soaring And Prices Plunging Across Southwest States

    https://www.movoto.com/nv/89118/market-trends/

  21. The Real Deal
    Residential Real Estate
    Redfin’s losses swell to $78M in Q2
    Brokerage faces double whammy with mortgage rate jump, lower inventory
    National
    Aug. 05, 2022 09:15 AM
    By Sasha Jones

    Redfin is among the brokerages feeling the burn in recent months as mortgage rates increased, inventory shrunk and prices increased to push homebuyers out of the market.

    “The housing market took a turn for the worse in the second quarter,” said Redfin CEO Glenn Kelman in an earnings call with investors Thursday, citing the diminished conditions for the company’s poor second quarter performance.

    “Even as the housing market weakened our results, Redfin has gotten stronger,” Kelman said, pointing to things like expanding the platform to include 91 percent of the homes in America to 94 percent, with 52 new MLSs.

    The company reported a net loss of $78.1 million, compared to a net loss of $27.9 million in the second quarter of 2021. Second quarter revenue was $606.9 million, an increase of 29 percent compared to the second quarter of 2021 and up from $597 in the first quarter.

    Gross profit was $118.0 million, a decrease of 6 percent year-over-year.

    “That won’t be enough to sink our battleship,” Kelman said. “Our forecast assumes home prices keep declining moderately through the rest of 2022. But we still expect our properties division to earn a significant gross profit for the full year.”

    Kelman said there was more to blame the balance sheet on than just the homebuyer’s economy.

    In the second quarter, Redfin closed on a deal to acquire Bay Equity Home Loans, a national, full-service mortgage lender. The purchase price was estimated to be $135 million in cash and stock.

    The quarter’s results are a far cry from the Redfin’s ride atop the hot housing market. Alongside announcing a 14 percent boost to revenue in 2020, the brokerage said in February 2021 it was racing to expand its agent count, hiring “faster than ever.”

    That hot streak appeared to have cooled into reversal by this summer. Redfin in June announced it was laying off around 470 employees, or approximately 8 percent of its total employees.
    …
    https://therealdeal.com/2022/08/05/redfins-second-quarter-slowed-with-the-weakened-housing-market/

    1. “Our forecast assumes home prices keep declining moderately through the rest of 2022.”

      I just read here that California prices recently dropped 4% in one month. High school math shows that is an annualized price decline rate of 39%. If that’s a moderate decline, I wonder what a crash would look like.

      So I call bullshit on Glenn Kelman’s porcine beautician efforts.

    2. Well they can certainly work to getting into 100% of America and losing even more.

      Sound business.

  22. Oh God, that corrupt WHO says ” meat causes cancer.” Would that have anything to do with the fact that they want to give you bugs and fake meat?

    I have been hearing hogwash like this my whole life. . Eggs are bad for you, fat is bad for you,butter bad , meat bad. Processed foods are good for you, chemical meds are good for you, vaccines are good for you .

    I’m a big egg, red meat, butter and fat eater. These foods have sustained humans for thousands of years.
    Probably to many carbs and sugar is the big culprit, and maybe seed oils , who knows.
    History wise it was always the rich that got the meat , and the serfs got grains and mush .
    Look at the Eskimos, who only ate meat and fat and had no heart disease.
    Oh but modern health theory doesn’t want to talk about nutrition being a factor in disease, because its the germ/virus thats the culprit that they have the remedy for.
    I laughed years ago when they said eggs were bad.
    Everything I eat, and I’m fairly healthy given my age, Bill Gates wants to take away and replace with bugs and fake food.
    I hate these creeps like Gates , Fauci, Soros,Klaus Schwab, Dr Harari, and anyone in on this .

      1. Seriously , must be some reason for most part the human race steered away from bugs . If bugs were so great, humans would of used them during famine because they are so plentiful.
        What long term tests have ever been done on bugs , to establish that they are healthy for the human being . Its bird food.
        Could humans live on grass , just because cows eat it?
        Yuck, bugs no way.

        1. “Could humans live on grass , just because cows eat it?”

          Cattle guts have the digestive enzymes necessary to breakdown plant cellulose and hemicellulose. Humans can’t do that, or else we wouldn’t have global hunger. We’d probably still be swinging from the trees too.

          1. We can eat grass, once cows have digested it and converted it to muscle.

            It’s called beef.

        2. We’re going to get beaten over the head with this from here on in.
          The Crickster
          The number one blog about edible insects
          NUTRITIOUS, DELICIOUS AND WEIRD
          https://www.eatcrickster.com/

          There’s one that’s the size of a Buick hanging out in my bathroom right now.

    2. I like mine with lettuce and tomato
      Heinz 57 and french fried potatoes
      Big kosher pickle and a cold near beer
      Well, good god Almighty which way do I steer?

  25. Don’t feed the homeless:

    “A perfect example of this lies in how society treats the poorest among us, particularly the homeless. Few doubt that it’s a problem. The disagreement lies in what to do about it. Sadly, the left has had its way on this issue for the past several decades, to ruinous effect. Not only is the problem not getting better, it’s getting significantly worse as America’s major cities quickly decline into shadows of their former selves, with literal zombies roaming the streets along with hardened criminals, crackheads, and looters.

    My solution to this problem is simple, but as hardcore as it gets, at least on the surface – outlaw homelessness, then close all long-term homeless shelters and soup kitchens. No, you don’t get to sleep on a park bench or pitch your tent under the overpass. That’s public land, and as a citizen who ‘owns’ just as much of it as you do, I contend that you don’t have my permission to live there any more than I have anyone else’s permission to set up permanent camp inside Yellowstone National Park. And no, you shouldn’t get to live like a vagabond doing nothing for yourself or society while knowing your next hot meal is waiting for you at the soup kitchen down the street. It’s utter insanity.”

    https://townhall.com/columnists/scottmorefield/2022/08/08/please-dont-feed-the-homeless-n2611394

    My neighborhood, the commercial strip of Broadway a mile from where I live has been completely taken over by homeless. Denver has never been as bad as it is now. It wasn’t like this three years ago.

    1. Indeed, it is very difficult to help without becoming an enabler. This mess can largely be attributed to the off-shoring of manufacturing that began in the 1980s, and the high cost of housing aggravates the problem.

      1. “the off-shoring of manufacturing”

        I was in Cleveland for 10 days last year and saw almost no homeless.

        Denver has 300 days of annual sunshine, and the state legislature decriminalized fentanyl in 2019.

        “They’re not sending their best”

      1. Installing some new 208 volt dedicated circuits for a repeat client. They are fun people to work for 😉

  27. Boston University annual tuition- $61,000

    Also Boston University:

    “The increasing popularity of plus-sized models may be driving a surge in bum lifts and breast implants in the West, a study suggests.
    Researchers said the rise of curvy celebrities like Ashley Graham could be behind growing demand for the sometimes dangerous procedures.
    A study compared the social media presence and body measurements of more than 100 models.
    It found no significant difference in the share of likes, comments and posts among plus-sized or traditionally thin models.
    This, the researchers claim, indicates that voluptuous women are becoming increasingly popular.
    Lead researcher Dr Neelam Vashi, a dermatologist at Boston University, said the results showed the changing standard of beauty in pop culture.”

    Neelam was looking for spank material and turned it into “research material”. At an “elite American university”.

        1. Our kids were allowed sweets in moderation, e.g., two Oreo cookies after a healthy meal. It stuck too as I remember a Christmas potluck, and only two goodies landed per plate. Same goes for a package of Graham crackers, two pieces.

  28. You’ll shower less, and you’ll be happy.

    Aug 8, 2022 Water rationing.

    796 Comments

    Frank Stendel
    1 hour ago
    In Germany, on the one hand, we are recommended to save electricity by showering less. At the same time, we are recommended to buy electric cars and charge them with lots of electricity. What madness!

    https://youtu.be/rHPPveMu4o8?t=49

      1. Well the simple answer is because they can. The sadder answer is that 50% of Americans think it’s a good thing.

        2. “sadder answer is that 50% of Americans think it’s a good thing”

          One of the Leftist jurors in the Alex Jones show trial (and the judge and all the jurors were Leftists) asked if they could use this case to go after election deniers.

    3. “FBI raided Mar-A-Lago today”

      The FBI DC Office gang that couldn’t shoot straight brought an expert safe cracker with them to open a safe.

      Which was empty. 🙂

      Lets Go Merrick!

        1. When we bred my Jack Russell Terrier, 4 of 6 survived and 1 of the 4 probably suffered some brain damage. My mom kept 2.

      2. Awesome video thanks for posting

        Took me back to 1981 when my sister’s Black Lab had a litter of pups and I picked out Clyde the one great dog I believe a person is allowed in a lifetime.

        Brought back 12 years of mostly great, some hilarious, many amazing, a few WTF and one maybe two very sad memories of a truly great friend.

  33. The missing 70% must be overhead to cover “The Big Guy” and his family, business partners and donors.

    CBS News Censors Its Own Documentary Exposing How 70% of US Funding of Ukraine is Wasted

    by Paul Joseph Watson
    August 8th 2022, 5:56 am

    A tweeted posted by CBS on Friday promoted its new film ‘Arming Ukraine’ by explaining that the documentary “explores why much of the billions of dollars of military aid that the U.S. is sending to Ukraine doesn’t make it to the front lines: “Like 30% of it reaches its final destination.”

    However, the film has now been completely removed from the CBS website, with a ‘page not found’ label in its place.

  34. I’m thinking a document could be planted to get Trump.
    They planted the Russian information, that they spent 21/2 years investigating Trump over the fake Russian collusion.
    The Jan 6 show trial didn’t get the traction they wanted.
    Of course they want to take out Trump. A former President banned from social media. His rallying was getting big again and primaries were being affected in a red way.
    These people criminally rigged the 2020 election for God Sakes.
    Almost any Republican could beat Joe Biden , if the election was held today.

    1. “I’m thinking a document could be planted to get Trump.”

      Easily and not proven false until 2025 with the shrug of some FBI stooge lying to a congressional committee and pleading the Fifth.

      1. MAGA will carry on no matter the outcome of this. Any “evidence” BidenKGB finds is tainted/manufactured and false.

        But seriously now…. Busting down the door of a US Presidents residence…. ordered by US Attorney General.

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