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Is The Winner Really The Winner? Or Are You The Loser?

A report from Pagosa Daily Post in Colorado. “If you are a buyer who has been sitting on the sidelines for the last year, there is some good news for you. Prices are coming down across the board for homes, condos, and vacant land. I am predicting a 10% correction as supply and demand is shifting. There were 71 sales in the month of July compared to 116 last July. There are 111 pending sales at the moment compared to 204 last year at this time. There’s a lot more inventory than there used to be. There are 183 homes available on the market today compared to just 35 last year in March, and there are 29 condos today compared to 3 last year. Last but not least, vacation rentals are front and center again. The County has enacted a 6-month moratorium on all new vacation rentals effective September 1.”

The Express News in Texas. “Home sellers in San Antonio are lowering their asking prices, data from two real estate brokerages indicates. Sellers dropped prices for about 37.5 percent of homes on the market in June, compared with 20.2 percent during the same month last year, according to Redfin. That’s not just happening in San Antonio. Of the 97 metropolitan areas Redfin analyzed, over three-quarters saw more than 25 percent of sellers lower asking prices in June.”

“Boise, Idaho; Denver; Salt Lake City; and Tacoma, Wash., topped the list for the biggest share of homes with price reductions. Elsewhere in Texas, 41.6 percent of Austin homes on the market in June had price reductions, followed by 38 percent in Houston, 37.4 percent in Dallas and 36.7 percent in Fort Worth. ‘If demand plateaus in the coming months, price cuts are likely to be less common as sellers realize the market has shifted and price realistically from the start,’ Redfin Senior Economist Sheharyar Bokhari said. ‘But if demand falls further, sellers will continue to play catch-up and cut prices to attract buyers.'”

From Arizona Family. “Phoenix’s housing market shows signs of stabilizing amid more supply and higher mortgage rates. There is nearly double the number of active listings compared to last year. According to The Sakala Group, that’s 21,263 today compared to 11,228 at the same time last year. Such an increase is giving more buyers options. And Realtor Shelley Sakala says the mortgage rates also put buyers on pause. ‘One example I can give you right away, is during the peak of the frenzy, we were seeing people waiving inspections, and now we have people, that are requesting after inspection, for you to tighten up a face plate on an outlet,’ Sakala said.”

“According to her housing market info, the average number of days on the market now is 34. Price reductions are also happening to compete in this market. In July, there were 1,900 listing price reductions. A rarity during the Valley’s housing market peak in March 2022. ‘It’s the fastest slow down I’ve ever seen in 18 years of real estate. You know those interest rates spiked up and priced a lot of people out. Also, just the sticker shock of that, people got frightened,’ she said.”

The Phoenix Business Journal in Arizona. “Valley home prices dropped in July, leaving many homebuyers wondering if a buyer’s market is imminent. The monthly average home sales price in July dropped 9.6% compared to the previous month, from $602,586 to $546,403, according to The Cromford Report. The median sale price in July fell 4.8%, from $475,000 to $452,000.”

“It’s also still a seller’s market in the luxury sector, said Frank Aazami of Russ Lyon Sotheby’s International Realty. ‘Sellers control the transaction,’ he said. ‘They can — and have — declined to entertain great offers. In adjusting declining markets, if sellers pass on entertaining fair offers, they’ll end up selling/netting less. Those who are carrying a huge cost can hurt their net sheet. That’s how short sales became so popular — they held on too long.'”

WKRN Nashville in Tennessee. “Ini mini miny moe. Home buyers now have a little​ say so. ‘Interest rates have ticked up,’ explains the director for relocation at RE/MAX Advantage Jeff Checko, ‘It’s been much talked about, but the inventory has also picked up over 100% from last year and that’s great news for buyers because they actually have a choice instead of taking what they get. At least right now you can say, ‘hey, what time do you get off work?’ Maybe we go Friday, depending on the circumstances.'”

“It’s all thanks to a shift in the market caused by several things. First, there’s more inventory. Currently, more than 5,600 new listings fill the Greater Nashville market making it the second biggest year-over-year increase for a city second only to Phoenix, Arizona, according to the latest RE/MAX National Housing Report.”

From Boise Dev in Idaho. “The latest data, from the Intermountain Multiple Listing Service, shows a slight decline in the median price in both Ada and Canyon counties. In Canyon, the peak came in April, and with three months in the rearview mirror, the price is off 7% from the top. The inventory level across the two counties also continued to increase in July. As of the last day of the month, a total of 3,773 homes were available for sale. That’s the most houses on the market since before the COVID-19 pandemic began to impact Idaho. It’s also night and day from January 2021 when seasonal trends and the overall frenzy of the market meant only 429 homes were for sale as of the last day of that month.”

“Data from national brokerage Redfin shows that far fewer homes are selling than in the past three calendar years. The firm said 250 homes sold in the metro area from June 27th through July 24th. Last year, 385 homes sold in the comparable period — and in 2020, nearly 500 homes sold. Redfin’s data also shows that more than one in five homes for sale has seen sellers drop the list price from where they started. It’s a dramatic change from 2020 when almost no homes had price drops. Redfin said the Boise metro led the nation in that metric in June.”

“Homebuilder Corey Barton is quoted in the piece as saying the housing market went ‘too far. We’ve somewhat run out of the people that were really serious about moving,’ because of COVID-19. ‘We’re going to have to safely be back in the $300,000s.’ Currently, CBH Homes’ website shows 47 homes for sale under $400,000, with many in Canyon County, Kuna and even Emmett. But the homebuilder offers many more for $400,000 or more – 407.”

The Los Angeles Times. “A lesson in ambition is currently unfolding in Beverly Park, where an Italian-inspired showplace known as Villa Firenze just returned to market at $79.5 million — a whopping $40.5 million less than the previous asking price of $120 million. Over the last few years, no home’s purported value has fluctuated more wildly than that of Villa Firenze. The prized property first made headlines in 2017 when it surfaced for sale at $165 million — one of the highest prices in Southern California at the time.”

“Clearly overpriced, the 31,000-square-foot mega-mansion lingered on the market for years before it was finally auctioned off for $51 million in 2021. The massive sale made it the priciest home ever to be sold at auction at the time, but it still fell more than $100 million shy of the original price tag.”

The Ottawa Sun in Canada. “The Ottawa Real Estate Board released its analysis of July listings and sales and declared a ‘profound slowdown’ in the local home resale market. ‘July’s numbers reveal that buyers are indeed putting on the brakes more heavily than what is typically expected during the mid-summer sales dip,’ board president Penny Torontow said.”

“‘The craziness is over,’ said Realtor Yvan Rhéaume. He had one buyer recently purchase a townhouse with conditions on financing and a home inspection. ‘That was the first time in probably three years, at least,’ Rhéaume said of the conditions. On top of that, he was able to negotiate the price.”

“Wendy Bell, the broker of record in an office of 250 agents, said news about higher interest rates and inflation had an impact on the market starting in the spring. ‘That kind of put the brakes on things,’ Bell said, opining that another interest rate increase would be ‘devastating.'”

“Broker Dawna Erskine said some sellers have been confused about why their homes aren’t attracting the same large offers that some neighbours received just months ago. ‘That’s how drastic things have changed,’ Erskine said, and she believes ‘we are going back to the pre-COVID days’ when it comes to home prices. Erskine said the pandemic has been a ‘nightmare’ while trying to evaluate true values of properties for her eager buyer clients and trying to bid on homes against others willing to pay sky-high prices.”

“‘I can’t tell you how often I’ve worked to guide buyers (and advised) not to buy this,’ Erskine said. ‘Is the winner really the winner? Or are you the loser?'”

The Daily Mail Australia. “A young couple has been trolled online for ‘impulse buying’ after they paid $1.5million for a terrace in a trendy Melbourne neighbourhood. Darcy and Tessa bought the home at 110 Barkly Street, East Brunswick, at an auction on Saturday, beating out the next bid by a measly $500. The terrace went to auction with a price guide of $1.3million to $1.43million. The couple paid $1,500,500 for the deceased estate.”

“‘To be honest, we weren’t really looking, we were just looking casually and this one popped up,’ Tessa told Domain. Darcy added: ‘There’s a bit of concern around with what housing prices are doing but this one really stood out to us, and it turned out we got it.'”

“Their story then went viral on Reddit, with users mocking the couple for being ‘entitled’ because they made an ‘impulse’ $1.5million purchase. ‘I mean, we’ve all been there, right? Just wandering down the street to get coffee or something, you’ve got $1.5 million burning a hole in your pocket, and you stumble across an auction – damn it!’ ‘I guess I don’t feel so bad about impulse buying a Snickers at the Coles checkout now,’ another replied. Another Reddit user said: ‘Joke’s on them, be at least $500,000 less in about six months.'”

From Bloomberg. “When investor demand for Chinese property debt was approaching its peak back in 2018, a banker could pull together the makings of a multi-million dollar deal during a Saturday boat trip around Hong Kong’s harbor and barely look up from her drink while doing it. Now, the $203 billion market—which once yielded several deals a week and padded portfolios across the world from Pimco to UBS—is all but dead. And offshore investors are swallowing almost all of the losses.”

“Stalled property projects have sparked protests, with frustrated homebuyers in more than 100 cities refusing to pay mortgages for unfinished apartments. And the long-held assumption that the country would bail out its property titans crumbled when China Evergrande Group—whose 2025 bond had been one of the most liquid and widely traded in the world—defaulted in December. Having once traded as high as 105 cents, it now changes hands at a paltry 7 cents.”

“Now, defaults are picking up pace, more than $100 billion in market value has been wiped out and Hong Kong’s bankers have no deals to arrange. Fidelity International Ltd.’s China high-yield fund has lost 37% so far this year and its assets have dwindled to $985 million, less than half their mid-2021 peak. Value Partners Group Ltd.’s fund has lost 32%.”

“Doubts about the financial health of some companies began simmering years earlier. Evergrande, the world’s most indebted developer, has spent much of the past decade lurching from one liquidity crisis to the next. But few imagined the Chinese Communist Party presiding over such a dramatic, sector-wide collapse. ‘No one could have predicted this. If someone tells you they predicted this, they’re a genius or lying through their teeth,’ said Desmond How, fixed income chief investment officer at Gaoteng Global Asset Management Ltd.”

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This Post Has 96 Comments

  1. ‘now we have people, that are requesting after inspection, for you to tighten up a face plate on an outlet’

    How the mighty have fallen.

    1. The answer is still no. Seriously. I”m fixing real stuff I”m not fixing minor crap like that just because your overpriced home inspector needed to find something to justify their price. Ask all you want, but don’t waste my time with dump stupid minor stuff. It’s a used house and you’re paying 100’s of 1000’s of dollars (well the bank is). No one cares about a $1 face plate.

      1. “but don’t waste my time with dump stupid minor stuff. It’s a used house and you’re paying 100’s of 1000’s of dollars”

        More to the point; You’re going to address every last punchlist item and then slash your price double digit percentages….. and you’re going to like it.

        Lone Tree, CO Housing Prices Crater 19% YOY As Denver Suburbs Stagger On Soaring Mortgage Defaults

        https://www.movoto.com/lone-tree-co/market-trends/

      2. The answer is still no.

        When I sold the Encinitas house in 2020, one of the reasons I accepted the offer was because he said he wouldn’t come back with repair requests less than $5,000. After 3 major projects in the 4 years after my mother’s death, this part of the offer was important to me. Then, he wanted me to install a new electrical outlet in the master bathroom for his girlfriend. I kindly referred him back to his offer. Hard no.

      3. One of my co-workers just bought a newly constructed house. Today in group meeting he said he was struggling with house projects and dealing with contractors. Say what? Isn’t the point of a new house that you don’t need to do any work on it? Maybe I heard it wrong. Good thing he didn’t buy something older in the leafy suburbs.

  2. ‘No one could have predicted this. If someone tells you they predicted this, they’re a genius or lying through their teeth’

    I told crow breath Dan these airboxes would rot in the sun a long time ago Desi. And they are rotting and crumbling as I type.

    1. How is Daniel A. Crowman lately? I’m sure his broke ass is still slithering around here.

  3. ‘We’re going to have to safely be back in the $300,000s.’ Currently, CBH Homes’ website shows 47 homes for sale under $400,000, with many in Canyon County, Kuna and even Emmett. But the homebuilder offers many more for $400,000 or more – 407′

    Here’s a guy you never heard of holding 454 shack loans in a market that’s sinking like a turd in a well. How do you suppose that’ll end up?

  4. A reader sent these in:

    How is this not worse than the stripper scene from The Big Short

    https://twitter.com/NipseyHoussle/status/1556819186722242560

    Lyn Alden

    Deepest 10-2 yield curve inversion since 2000. A few more basis points lower, and it’ll be the deepest inversion since 1981.

    https://twitter.com/LynAldenContact/status/1556813927723433984

    Danielle DiMartino Booth

    What did YOU learn this weekend. Aside from the importance of keeping your friendships alive, I learned that…

    “We’re talking, on average, 15,000 repos a day nationwide.” Do. the math…

    https://twitter.com/DiMartinoBooth/status/1556712725962702850

    2. “How is this not worse than the stripper scene from The Big Short”

      The hustlers never work, and the workers never hustle.

    3. The 10-year/2-year curve went briefly negative about April 1, 2022, and it has been increasingly negative since July 6, 2020.

      July 5, 2022: 0.00%
      July 6, 2022: -0.0.4%
      July 29, 2022: -0.22%
      August 4, 2022: -0.35%
      August 5, 2022: -0.41%
      August 8, 2022: -0.44% (2.77-3.21)

      A negative 10-2 spread has predicted every recession from 1955 to 2018, but has occurred 6-24 months before the recession occurring, and is thus seen as a far-leading indicator.

      https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value_month=202208

    4. There is a title loan shop on the main drag near me that now looks exactly like a used car dealership. Turns out they are all repos. It seemed to happen all of a sudden.

  8. ‘But few imagined the Chinese Communist Party presiding over such a dramatic, sector-wide collapse. ‘No one could have predicted this. If someone tells you they predicted this, they’re a genius or lying through their teeth’

    After thinking about it, this statement is more absurd. Pooh bear is purposefully destroying the Chinese economy. You bond guys can’t see that? What happened to Jack Ma? They’ve been throwing people out of buildings for decades.

    Also, have had slave labor camps full of political enemies – for decades, same victims might get their organs harvested. What a great investment opportunity!

    Or let’s just look at straight up fundamentals: loaning a communist country trillions? Can’t lose there Desi. Oh they are fooking gringos on purpose? Couldn’t see that coming and yer a lion if you say you could. When I started this blog 90% of Chinese owned a shack or an airbox. Think of the growth!

    And you can’t own land there, so these bonds are basically based on rotting steel (maybe not steel, they’ll never know) what they call concrete that you can crumble in yer hand, that is sitting on commie land. I’ll reply thusly Desi: you’d have to have yer head up yer a$$ not to see this was going to blow up. Which is where I expect yer head resides.

  9. Those who are carrying a huge cost can hurt their net sheet. That’s how short sales became so popular — they held on too long.’
    The “safe equity” could disappear really quickly with a 20% price reduction and a couple of months of unemployment or just plain over leverage which leads to a HELOC.

  10. What is the economy of Pagosa Springs?

    There isn’t one. Just WFH equity locusts and the untermenschen locals. I had to get a tow near Wolf Creek Pass a few years ago and the tow driver told me tows all summer and works as a liftie at Wolf Creek Ski Area (there is no “resort” or hotels at the base) in the winter.

    AirBnB are parasites.

    1. There isn’t one. Just WFH equity locusts and the untermenschen locals.

      Sounds like Tahoe, and all mountain resort towns.

  11. When globalist oligarchs fret about “national security,” what they really mean is the U.S. ability to fight neocon wars. Here’s the dilemma: globalists hate white males, yet recognize they are essential to a capable Armed Forces. However, after the vaccine mandates revealed the “woke” military’s craven disregard for its own troops, and as white males face systematic marginalization as “diversity” becomes the chief criteria for promotions and advancement, experienced white NCOs and officers are leaving in droves. Moreover, the military is having trouble recruiting white males who aren’t about to put their lives on the line for the Brandon regime that despises them. Putin & Xi must be laughing their a$$es off to see what “wokeness” and Democrat-Bolshevik “leadership” has done to our once-formidable military.

    Military Recruitment Woes Endanger National Security

    ByMichael R. Bloomberg
    August 8, 2022, 3:00 AM MDT

    From the Suwalki Gap to the Taiwan Strait, the US military faces no shortage of potential crises. But perhaps its biggest challenge lies close to home: A dwindling number of Americans are able and willing to serve in uniform. To maintain the military’s edge, the Pentagon needs to rethink how it recruits and retains troops — while also preparing to fight future wars with a leaner active-duty force.

    On current trends, the outlook is troubling. To meet its overall goal of an active-duty force of 1.3 million, the military needs to bring in roughly 150,000 new recruits across its six service branches. With two months left in the fiscal year, the Pentagon is still 15% short of that goal, with the largest service, the Army, facing the biggest shortfall. Through the end of June, the Army had signed up 22,000 troops, 60% below its annual target. It could end the year with as few as 445,000 troops, nearly 40,000 smaller than the force size authorized by Congress.

    1. Domestic White Terrorism is the biggest threat to the US according to General Milley. The enemy is not Russian.

  12. Russia Today — Ban all Russians from the West – Zelensky (8/8/2022):

    “Calling the current anti-Russian sanctions “weak,” Ukrainian President Vladimir Zelensky told the Washington Post on Monday that the West must impose a full embargo on all energy imports from Russia and a travel ban on all Russians for at least a year.

    Interviewed inside his fortified office in Kiev, Zelensky told the Post that “the most important sanctions are to close the borders – because the Russians are taking away someone else’s land.” Russians should “live in their own world until they change their philosophy.”

    The Ukrainian leader insisted that this was “the only way to influence” Russian President Vladimir Putin. Speaking to the Post as if he were addressing the Russian public, he added, “You’re telling the whole world that it must live by your rules. Then go and live there.”

    https://www.rt.com/russia/560496-zelensky-travel-ban-sanctions/

    Russia is self sufficient with food, energy, minerals, etc and has its own manufacturing base. Russia will continue trading with China, India, Brazil. Russia can live without i-phones and Disney (A.I.D.S.) because Russia doesn’t need the West.

    Europe can freeze and starve, because Russia is, in fact, winning.

    1. ‘this was ‘the only way to influence’

      Translation = El Salvador will never beat the Mexican army.

    2. Readily available imagery of Russian artillery barrages depict a pock marked landscape nearly the size of a soccer field requiring upward of 80 shells to destroy a single target whereas the latest U.S. supplied GPS and camera or laser guided munitions strike within a meter, and one weapon can service multiple targets in close succession.

      “08-AUG-2022: Pentagon says Russia has suffered as many as 80,000 killed or wounded in Ukraine and lost 4,000 armored vehicles.”

      Realize that these dull soldiers come from poor families typically subsisting on less than $10k per year, GDP. They have no idea what they’re up against other than what some Orthodox Christian preacher told ’em. We’ve already seen their logistical support, a disaster. The only reason they’ve been able to put up a good fight in the east is because they’ve had since 2014 to stockpile, but those “well known” weapons caches are being systematically destroyed.

      1. “08-AUG-2022: Pentagon says Russia has suffered as many as 80,000 killed or wounded in Ukraine and lost 4,000 armored vehicles.”

        I don’t believe a word these liars say.

        The only reason they’ve been able to put up a good fight in the east is because they’ve had since 2014 to stockpile, but those “well known” weapons caches are being systematically destroyed.

        Anytime they tire, they can just go full send on some nukes. Don’t kid yourself.

        1. How hard is it to make more bombs when you are raking in record profits from oil sales? The gaslighting continues.

          These days it seems that every article from the msm on anything important assumes the reader is functionally retarded and will believe anything no matter how outrageous.

        2. “…they can just go full send on some nukes.”

          That would likely be their last move, and they know it.

        3. send on some nukes

          Why would they kill the native Russians in Donbass that they are fighting to help?

          Also, don’t piss into the wind.

      2. Readily available imagery of Russian artillery barrages depict

        Images like these seem to be basis for people, including my husband, who think Ukraine is winning.

        1. “Readily available imagery…”

          The private sector in several countries own satellites and employ specialists who interpret these imagery, gather data and produce reports that are likely better than government folks. The Russians, U.S., U.K., etc., are all buying the same private intelligence too.

    3. Ukraine is where the globalist scvm from the US set up shop to harvest the natural resources of the Ukraine and its people after installing a puppet leader. This is about protecting the moneyed special interests under the guise of protecting Ukrainians. These people don’t give a fvck about Ukrainians. “10% for the big guy.” What were Joe Biden and Hunter Biden doing in Ukraine? Fvck the globalists, fvck Joe Biden and fvck the horse they rode in on.

      2. Both Russia and Ukraine are thoroughly corrupt. Despite their vast wealth their population’s standard of living is near the bottom on the 2nd world scale when it could easily be up there with Norway. The U.S. really shouldn’t be involved in this part of the world.

    1. Indictment excitement on Twitter indicates otherwise. Twitter is where the dullest of the sheeple go for political discussions. There is however good financial information and commentary on Twitter that I do follow.

      1. Twitter is where the dullest of the sheeple go for political discussions.

        Twitter is where people inadvertently advertise their severe mental illness for all the world to see.

    2. “You must understand, the leading Bolsheviks who took over Russia were not Russians. They hated Russians. They hated Christians. Driven by ethnic hatred they tortured and slaughtered millions of Russians without a shred of human remorse. It cannot be overstated. Bolshevism committed the greatest human slaughter of all time. The fact that most of the world is ignorant and uncaring about this enormous crime is proof that the global media is in the hands of the perpetrators.”
      Aleksandr Solzhenitsyn

      1. That quote came from Solzhenitsyn’s “200 Years Together,” his final book. No authorized English translations exist, because no U.S. publisher would touch it.

  15. Your federal income taxes are paying for this.

    US promises ‘steady stream’ of HIMARS ammo as Ukraine prepares for southern offensive (8/9/2022):

    “The 18th package of arms for Ukraine — the largest single shipment to date — brings the total dollar value of U.S. military assistance to Ukraine to close to $10 billion.

    The latest $1 billion package includes an undisclosed number of “GMLRS,” precision-guided missiles with a 40-mile range that are fired from HIMARS mobile launchers, along with 75,000 rounds of 155 mm artillery ammunition; 20 120 mm mortar systems with 20,000 rounds of ammunition; 1,000 more Javelin anti-armor missiles; and significantly, anti-radar missiles that can be fired from Ukrainian fighter jets and are capable on homing in on Russian anti-aircraft radars, blinding air defense systems.”

    https://www.washingtonexaminer.com/policy/defense-national-security/us-promises-steady-stream-of-himars-ammo-as-ukraine-prepares-for-southern-offensive

    The United States is a bankrupt empire in terminal decline. See also: Ancient Rome.

    1. “The 18th package of arms for Ukraine — the largest single shipment to date — brings the total dollar value of U.S. military assistance to Ukraine to close to $10 billion”

      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.

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

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

        1. Oh sure, like Ima tell everybody yer pedophile, when he openly fondles little boys and girls in front of cameras. Or Ima tell yer son is a crack head crook who used yer office to arrange billions in Chinese deals, with 10% fer the big guy. Just what dirt is left?

          2. “It is the ultimate in bad manners to turn blue in your friend’s bathroom.” —Keith Richards

    2. snip from your post –
      “anti-radar missiles that can be fired from Ukrainian fighter jets and are capable on homing in on Russian anti-aircraft radars, blinding air defense systems.”
      I’m not sure that the Ukies have any remaining fighter jets. If they send them airborne, pretty confident the Russkies will shoot them down.
      –Geezer

      1. Judge Bruce Reinhart, who approved the search warrant for the raid on Mar-a-Lago, represented several of Epstein’s employees in connection with the sex trafficking investigation against him.

        1. Reminder: Trump was the only person in 2009 who voluntarily spoke with the attorney representing Epstein’s accusers. (1m53s)

  19. “Darcy and Tessa bought the home at 110 Barkly Street, East Brunswick, at an auction … The couple paid $1,500,500 for the deceased estate.”

    “Deceased estate” is Aussie for grandma-finally-died house, so it’s probably in bad shape, especially at auction. This thing is a little row house, for over a million American dollars.

  22. “Inflation is just like alcoholism. In both cases, when you start drinking or when you start printing too much money, the good effects come first. The bad effects only come later.

    That’s why in both cases there is a strong temptation to overdo it. To drink too much and to print too much money. When it comes to the cure, it’s the other way around. When you stop drinking or when you stop printing money, the bad effects come first and the good effects only come later.” — Milton Friedman, Free to Choose

  23. Just looked up a house an acquaintance bought here in MA in May 2020, in a seaside town about 75 minutes north of Boston. Paid $717,500, the “Zestimate” of the house today is $1,016,500.

  24. IMHO, Civil war in which Citizen goes up against Citizen is not the proper solution to what all Citizens of US are facing today. .

    Who is the enemy?
    The people who criminally rigged the 2020 election and planted demented crook traitor Biden in to advance their agenda. .

    Big Pharmacy that pays for 70 % of advertising dollars, that is responsible for fake news narratives. Medical tyranny

    The World Economic Forum , headed by Klaus Schwab, with about a thousand mega Corporations as members. A power group that has intent to have a One World Order dictorship by Corporate Governance, with a Great Reset.

    Corrupted UN and WHO , that has a 2030 sustainable earth agenda, that nobody voted for. UN and WHO wanting to set itself up to dictate global policies and usurp Sovereign States and constitutions , by Governments agreeing to it, as Biden is trying to do.
    Corrupt Gov agencies like FDA, CDC , WHO, FAUCi , FBI, CIA,.
    Foreign Countries that are against us.
    Communist /Fascists that have infiltrated the Gov.
    Rothchilds, Club of Rome, and other secret groups that are behind this takeover.

    Washington DC Politicians that don’t represent the people , and maybe never did.
    Bill Gates, who wants the globe vaccinated, and for people to eat bugs and fake meat.
    Go after climate change fake narrative, and vaccines fake narrative.
    Solution:
    Go after the true cu!prits, that are trying to kill us, enslave us, hack us, survell us, etc.
    They try to pit citizen against citizen . Vaccinated against unvaccinated, white against other races , Republican against democrats, etc.
    Don’t be surprised if they do false flags over FBI raid on Trump, where they trump up that Trump supporters want Civil War over this attack on trump.
    Don’t believe the fake news , don’t comply with fraud, pull you money and boycott forces against you, vote and try to get fair elections.
    Its not going to be easy to undo all the corruption, but going up against your fellow man, or even a military forced , is exactly what I think they are trying to bring about.
    Peaceful protests are ok, but so far seem to not be effective because they don’t telivise them anyway.
    Fake news with censorship of dispute is really a big weapon used by the enemy.

    1. Wow, 14 doctors now in Canada, after the 2 jabs, 2 booster program.
      Just take a look at the pictures of these Doctors in the article. Do they look like people who would die, all in a short amount of time??Unreal

  29. “If you are a buyer who has been sitting on the sidelines for the last year, there is some good news for you. Prices are coming down across the board for homes, condos, and vacant land. I am predicting a 10% correction as supply and demand is shifting.”

    Correction: “I am predicting a 10% correction between March and July 2022. Then things really turn to %#%$#”

      1. “…pay close to $2M…”

        Indeed, too expensive. However, it looks like a fun place for BBQ parties, but that pool really needs a grotto with an underwater entrance.

      3. $150k in materials and labor right there.

        How do you get to 2 million?

        All together now….. APPRAISAL FRAUD

  30. One of the few things Real Journalists can still do without promoting a #Narrative is write obits.

    New York Times — Lamont Dozier, Writer of Numerous Motown Hits, Dies at 81 (8/9/2022):

    “Lamont Dozier, the prolific songwriter and producer who was crucial to the success of Motown Records as one-third of the Holland-Dozier-Holland team, died on Monday in Arizona. He was 81.

    In collaboration with the brothers Brian and Eddie Holland, Mr. Dozier wrote songs for dozens of musical acts, but the trio worked most often with Martha and the Vandellas (“Heat Wave,” “Jimmy Mack”), the Four Tops (“Bernadette,” “I Can’t Help Myself”) and especially the Supremes (“You Can’t Hurry Love,” “Baby Love”). Between 1963 and 1972, the Holland-Dozier-Holland team was responsible for more than 80 singles that hit the Top 40 of the pop or R&B charts, including 15 songs that reached No. 1. “It was as if we were playing the lottery and winning every time,” Mr. Dozier wrote in his autobiography, “How Sweet It Is” (2019, written with Scott B. Bomar).

    Nelson George, in his 1985 history of Motown, “Where Did Our Love Go?” (named after another Holland-Dozier-Holland hit), described how the youthful trio had won over the label’s more experienced staff and musicians. “These kids,” he wrote, “had a real insight into the taste of the buying public” and possessed “an innate gift for melody, a feel for story song lyrics, and an ability to create the recurring vocal and instrumental licks known as ‘hooks.’”

    https://archive.ph/l6Ao7

  31. ‘The FBI agents who raided former President Donald Trump’s Florida resort were looking for certain records, according to a lawyer for Trump who was on the scene while agents were at the resort.’

    “They’re looking for presidential records, what they deemed to be presidential records, and anything that could potentially be classified,” Christina Bobb, the lawyer, told The Epoch Times on Aug. 9.’

    “We had been very cooperative with them before. And it’s unclear to me why they went to such drastic measures to do this. But they did. And as far as the probable cause goes, they wouldn’t give that to us,” she added.’

    ‘The agents “took a handful of boxes of documents,” she said. “I don’t think that there was anything incriminating. I don’t think there was anything of substance. So I’m sure that they will say otherwise. But we’ll have to wait and see what they come up with, but it was all paper. I hear the conspiracy theories and the rumors that there were other artifacts or something taken—it was all paper,” she said.’

    ‘Agents previously visited the resort in June, and were given access to a storage facility there, according to Bobb. “Nothing had been hidden and nothing had been kept secret from them, which makes this all more all the more ridiculous,” she said.’

    “Donald Trump didn’t commit a crime,” Bobb said, adding that prosecutors would not be able to show that Donald Trump knew about the boxes the FBI took. “They would have to lay the foundation that Donald Trump actually packed up his own office, and Donald Trump was actually the custodian of these records, and that he actually moved them,” she said.’

    ‘If the DOJ decides to press charges against Trump, then the effort would not get very far, she predicted. “I just don’t see it making a bit of difference. I think President Trump is going to most likely run for reelection,” she said. “I can’t wait until he does. And he will be the next President of the United States.”

    https://www.theepochtimes.com/fbi-agents-were-looking-for-classified-records-took-boxes-of-documents-from-trump-resort-lawyer_4653446.html

  32. “And he will be the next President of the United States.”

    Trump will be the first president since FDR to win 3 presidential elections in a row.

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