What Happens When Central Banks Fall Behind The Curve
A weekend topic starting with Sparta Independent on New Jersey. “‘It was ticking upward, but in the last 90 days or so, prices have started to flatten out, if not come down slightly,’ explained Realty Executives broker and Manager Nicole Monahan. This time last year, her Pike County office may have seen one or two listings with price reductions. Nowadays, it’s more like 20. ‘I think we’ve definitely hit the peak of where we’re going to be at.’ Monahan predicted that foreclosures will be on the rise in the next 18 months. ‘Usually it starts with car repossessions, and car repossessions have started to increase again.'”
“After finally finding the perfect home in Vernon, N.J., teacher Ben C.* and his wife nearly lost out on the deal two weeks before the anticipated closing date. They would lose the lower rate if they didn’t close in time. ‘We really pushed for this house because of the mortgage rate,’ he said. ‘Even when they said, ‘We’re not going to do the fixes,’ we were just like, ‘You could literally set the house on fire and we’re gonna take it, because we could not afford this house now if this house went back on the market. We would not be able to afford it whatsoever.'”
The Denver Gazette in Colorado. “The median price of a single-family home in Denver stood at $723,750 in July, down from $750,000 a month ago. Broker-agent Jennifer Markus said a monthly drop in price underscores the unusual rise that coincided with the pandemic and seemingly peaked in April. ‘Homes are sitting longer, and for some reason sellers seem to think they’ll be worth more next year,’ she said.”
From CBS Colorado. “‘We saw what was our steepest decrease in pricing for the average priced home, in our June report. I think we were sitting at right around $714,000 is the average price per home.. in July we dropped down $690,000 for the average price just a little bit above that,’ said Bret Weinstein, CEO of Guide Real Estate, who has been helping residents buy and sell homes in the Denver metro area for 10 years. ‘It’s kind of a seller beware. We are in a spot right now where the seller actually has to stage the house it has to look phenomenal it has to be priced appropriately. Buyers have a lot of options currently so if you’re the one who is saying while my neighbor got $750,000 three months ago, you’re not going to get $750,000 today,’ he said.”
The Rockwall County Herald-Banner in Texas. “Although the D-FW housing market is shifting, potential home sellers should rest assured that their houses still have plenty of sales value, according to an analysis by M&D Real Estate. Price reductions are happening, and properties are sitting longer right now than previously. The 30% in price appreciation is unsustainable, and rising interest rates are pushing buyers out of the market. ‘What has to happen now is that price appreciation from 2021 is going to back up and reduce to more normal levels, such as five to 10 % price appreciation,’ predicted Danny Perez, managing director of M&D Real Estate. ‘This still gives you a total of about 70% price appreciation in your home for the past 2.5 years — not a bad outcome at all.'”
The Houston Chronicle in Texas. “Houston’s housing market is finally slowing – but it’s not slowing as quickly as many other destinations that became hotspots for migration during the pandemic, research from Redfin suggests. The share of so-called ‘stale’ listings in Houston – or homes that sat on the market for longer than 30 days – jumped by about 10 percent in the Houston area in July. Now about 60 percent of homes are sitting on the market for 30 days or longer in Houston.”
“But home sellers in other markets popular pandemic destinations are in for a bigger shock. The share of ‘stale’ listings in Austin, for example, is up by nearly 51 percent year-over year, according to Redfin. In Dallas stale listings leapt about 43 percent. And in Phoenix and Oakland stale listings were up nearly 55 percent and 61 percent, respectively. With four months of declining sales in Houston, the pandemic buying boom is officially over in Houston. ‘The market did a 180-degree turn from early spring to late spring, with buyers backing out because of high mortgage rates. A lot of sellers are telling me they feel that they’ve missed out on the hot market,’ said Christopher Johns, a Redfin agent in Houston.”
ABC News on California. “Just a few months ago, the real estate market was favorable to people selling homes. Now, brokers are saying the market has shifted. ‘Today, week after week, we see more and more inventory come on the market and demand is down,’ broker Justin Itzen, who sells high-end homes in Orange County, California, told ABC News. ‘We did feel a very aggressive slowdown,’ said Itzen, that happened almost overnight. ‘During open houses it was like, ‘where’s all the buyers?’”
The San Francisco Business Times in California. “San Francisco home sales prices, at their most robust ever back in spring, continue to trend downward. Compass Real Estate reveals that the median sales price for a home in the city — now at $1.68 million — dropped 10% from June to July and has fallen 18% since its all-time high of $2.05 million in April. Moreover, the number of home sales in July was down 33% year-over-year, with house sales down 27% and condo/tenant-in-common sales down 36%.”
“The total number of listings with price reductions price leaped from 156 in June 2021 to 316 in June 2022, an increase of 102%. The city’s $5 million-plus luxury market hasn’t fared any better as only nine homes in this price range sold in July, representing a 50% year-over-year decline and a 40% drop since June. Compass Chief Market Analyst Patrick Carlisle said median home sales price appreciation rates in the Bay Area have generally seen steep declines from those in 2021 and early 2022, with some counties experiencing year-over-year median price declines in July. These changes vary in degree by county and market segment ‘but the direction of these shifts is near universal,’ he said.”
“In the inner East Bay — a region that includes Oakland, Alameda, Emeryville, Berkeley and Richmond — the median home sales price is down 12.5% to $1.223 million from the area’s high of $1.4 million in April and May. Compared to last July, that section of the East Bay has now seen a slight reduction in median sales price, which stood at $1.225 million in the summer of 2021. Pandemic gains have also disappeared for homes from Lafayette to Richmond, which are now routinely going for hundreds of thousands under what they would have fetched in April, as I reported last month.”
From Toronto.com in Canada. “The average price to buy a detached home in Toronto has fallen by nearly $400,000 since May and over $550,000 since hitting a record high in February. The average sale price for Toronto detached homes in July was $1,515,763. February the market price for detached units in Canada’s largest city peaked at a monthly average of $2,073,989 — representing a 26.9 per cent decline in just five months.”
“Detached home prices in Toronto had been faring better than neighbouring big cities in Mississauga and Brampton, but the detached home market in The 6 saw a steep decline in recent months and has now surpassed both those cities in price declines. Toronto, Mississauga and Brampton are the GTA’s three most-populated cities. The average price for Toronto detached homes dropped a staggering $221,249 — or 12.7 — in a month from $1,737,012 June to $1,515,763 July. Since May, the average price has fallen by $399,127 from $1,914,890 in only two months.”
“Mississauga and Brampton detached home prices peaked in January at averages of $1,964,077 and $1,652,088, respectively. Since then, the average price for a detached unit in Mississauga has fallen by $374,954 to $1,589,123 — or 19.1 per cent. Meanwhile, in Brampton, the average price for a detached home has fallen $439,100 to $1,212,988, or 26.6 per cent since January.”
The Globe and Mail in Canada. “From free Louis Vuitton bags to maintenance-fee holidays sales incentives for pre-construction condominiums are coming back, with some builders creatively targeting a key sticking point for some of today’s buyers: rising interest rates. Christopher Castellano, vice-president of sales and marketing at developer Camrost Felcorp said that the recent run-up in Bank of Canada interest rates has buyers fretting about near-term affordability. ‘Interest rates have knocked off about $500,000 from a purchaser’s affordability; that will drop you down two bands worth of pricing,’ he said. ‘People just don’t know what’s going to happen with interest rates … The stuff coming to market in the next 24 months has people sweating the most.'”
From Reuters. “Canada’s inverted yield curve is signaling the Bank of Canada may raise interest rates to a level that triggers a recession, placing the central bank in a tough spot as it aims to tame high inflation and engineer a ‘soft landing’ for the economy. ‘It makes sense that we should see more of an inversion this cycle than we have in the last few just because there is so much more of a central bank overtightening component to this,’ said Andrew Kelvin, chief Canada strategist at TD Securities. ‘That’s what happens when central banks fall behind the curve.'”
From CNBC. “Australia’s central bank on Tuesday raised interest rates by the most in 22 years and flagged more tightening to come. Most economists had doubted rates would rise that far given house-hunting Australians are sitting on A$2 trillion in mortgage debt making them very sensitive to borrowing costs. House prices have already begun to slip in Sydney and Melbourne following a stellar run in 2021, and consumer sentiment is back to the depths of the pandemic.”
“‘Consumer sentiment has never been this low at the beginning of an RBA tightening cycle,’ noted Gareth Aird, head of Australian economics at CBA. ‘It was also the first time house prices have fallen at the start of a cycle, and house prices matter,’ he added. ‘Pushing rates too high too quickly runs the risk of prices correcting sharply lower in the near term which would have a ripple effect through the economy.'”
From Bloomberg. “With interest rates now hovering around 5%, existing-home sales are down more than 14% from last year. Some potential buyers are sitting on the sidelines until rates or prices or both decline, while sellers are hoping the market picks up again so they can get a higher price. But don’t count on rates falling to those pandemic lows. They were the result of extraordinary market manipulation from the Fed. And unless this becomes a regular feature of monetary policy, rates are not going back to what they used to be.”
“The impact of the Fed’s interference may be felt for years. In the spring of 2020, the Fed was desperate to avoid economic collapse, so it reverted to its 2008 playbook. It cut rates to zero and brought back quantitative easing, buying long-dated government bonds and mortgage-backed securities (MBS). Most residential mortgages are securitized by Fannie Mae or Freddie Mac, and resold in what is known as an agency MBS.”
“In 2020, the mortgage-backed security market was in trouble, and the Fed was even more aggressive than it was in 2008. It effectively became the only ultimate buyer of these securities: Its holdings of agency MBS increased by $1.3 trillion between 2020 and 2022, while the market for agency mortgage-backed securities grew by $1.5 trillion. The Federal Reserve now holds more than 40% of the total outstanding amount of agency MBS, or nearly half the market.These actions were one big reason rates fell so low.”
“Buying mortgage-backed securities may have made sense in spring 2020, but why the Fed did not start tapering for 18 months, even as the housing market was clearly overheating, was never explained. A 2.6% fixed rate on a 30-year risky asset never made much sense. It suggests something is off in the market, either through some manipulation or a mis-pricing of risk. The Fed created major distortions in a market where many Americans have most of their wealth, and the impact may be felt for decades.”
“There will also be a hangover from the very low rates in 2020 and 2021. Like many people, I bought a home in the spring of 2021. Now between rising rates and a slower housing market, I am not sure I can ever afford to move. The housing market may be slower and less liquid for a long time.”
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‘What has to happen now is that price appreciation from 2021 is going to back up and reduce to more normal levels, such as five to 10 % price appreciation…This still gives you a total of about 70% price appreciation in your home for the past 2.5 years — not a bad outcome at all’
70% in 2.5 years is bat sh$t crazy Danny. Enjoy the bust.
“70% in 2.5 years is bat sh$t crazy Danny. Enjoy the bust.”
– Yes, it’s (another housing) bubble, housing bubble 2.0 in the U.S. There’s nothing normal about this. Recall housing bubble 1.0. There are negative consequences to pulling demand forward. The Fed did this. The emperor has no clothes. Oh dear! The REIC/UHS complex has a huge conflict of interest; a vested interest in: “housing always goes up,” and “it’s always a good time to buy.”
Denial ain’t just a river in Egypt. – Mark Twain
“People can foresee the future only when it coincides with their own wishes, and the most grossly obvious facts can be ignored when they are unwelcome.” ~ George Orwell
“This is your last chance. After this, there is no turning back. You take the blue pill – the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill – you stay in Wonderland and I show you how deep the rabbit-hole goes.” – Morpheus, The Matrix, 1999
“The problem of the modern economy is not a failure of a knowledge of economics; it’s a failure of a knowledge of history.” – John Kenneth Galbraith
“The speculative episode always ends not with a whimper but with a bang.” – John Kenneth Galbraith, A Short History of Financial Euphoria
“Once a boom is well started, it cannot be arrested. It can only be collapsed.” — John Kenneth Galbraith
“The euphoric episode is protected and sustained by the will of those who are involved, in order to justify the circumstances that are making them rich. And it is equally protected by the will to ignore, exorcise, or condemn those who express doubts.” – John Kenneth Galbraith, A Short History of Financial Euphoria
“As a dog returns to its vomit,
so fools repeat their folly.” – Proverbs 26:11
“That men do not learn very much from the lessons of history is the most important of all the lessons that history has to teach.” – Aldous Huxley
“What’s past is prologue.” – William Shakespeare, The Tempest
“What has been will be again, what has been done will be done again;” – Ecclesiastes 1: 9
“Those who cannot remember the past are condemned to repeat it.” – George Santayana
“One of the most important reasons for studying history is that virtually every stupid idea that is in vogue today has been tried before and proved disastrous before, time and again.” — Thomas Sowell
“If stupid didn’t hurt, greedy fools would never learn.” — Anonymous
“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.” – Norm Franz, Money & Wealth in the New Millennium: A Prophetic Guide to the New World Economic Order
“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” – Ludwig von Mises
A much better way to look at it is housing bubble 3.0! Possibly even 4.0 if you really want to get into focus on the pattern. However, it is easy to agree on 3.0 with just a little effort. Begin with a bit of research on the The Resolution Trust Corporation. It was a temporary federal agency created to resolve the savings and loan crisis of the 1980s. They were disposing large lists of properties well into the 90’s.
We should go back another cycle to the late 70’s to peg 1.0 if we really want to be thorough. The untethered fiat currency experiment started at the beginning of the 70’s and ran up to the big inflation in the late 70’s. This was the first top and technically 1.0. If we go 14 years forward from there (7 up years and 7 down years) starting from say ’78 we get to 1992 top of bubble 2.0. This can be nit picked but it roughly fits, there were lists of foreclosure properties all the way to 1999ish. Add 14 you get 2006 top of 3.0. Add 14 more you get 2020 top of 4.0. So we can debate the exact dates but that is silly, it fits close enough to begin to understand that a specific cycle is at play here and it runs in approximately 14 year intervals. Ignore it at your own peril.
There are natural underlying human dynamics that cause this pattern but this post is already too long. We should at least begin to agree that this is at best housing bubble 3.0.
One final note on this. It has been calculated that it currently takes around 2 trillion dollars of fresh debt per year to keep the U.S. dollar system rolling over and moving forward. If the private sector can’t shoulder it then the government has to do it. Of course, this number continues to grow over time. Many debt loads that don’t seem to make sense suddenly make a lot of sense when you see it through this metric. The pandemic years muddy this up due to extreme psychosis but before that it was tracking nicely. Anyway, in a debt based system you need greater and greater debt to keep it functioning. You want to be positioned on the correct side of the game or your life becomes one of a sacrificial bag holder. They have to reset things every so often or the whole thing implodes. The next reset and perfect entry point is coming, all you have to do is be patient and get in tune to the cycle.
“70% in 2.5 years is bat sh$t crazy Danny. Enjoy the bust.”
Danny is a lion.
I bet Danny whines about gas prices and his “partner” bemoans his increased manicure price.
‘Buying mortgage-backed securities may have made sense in spring 2020, but why the Fed did not start tapering for 18 months, even as the housing market was clearly overheating, was never explained’
Have you ever heard of you’ll own nothing and like it?
‘Like many people, I bought a home in the spring of 2021. Now between rising rates and a slower housing market, I am not sure I can ever afford to move. The housing market may be slower and less liquid for a long time’
Tag yer it!
‘Most economists had doubted rates would rise that far given house-hunting Australians are sitting on A$2 trillion in mortgage debt making them very sensitive to borrowing costs’
We’re gonna have to come up with a name for these ‘experts’ who think rates can’t go up cuz crater.
“House prices have already begun to slip in Sydney and Melbourne following a stellar run in 2021, and consumer sentiment is back to the depths of the pandemic. ‘Consumer sentiment has never been this low at the beginning of an RBA tightening cycle,’ noted Gareth Aird, head of Australian economics at CBA. ‘It was also the first time house prices have fallen at the start of a cycle’
So Gareth, are you saying this is unprecedented?
‘the median sales price for a home in the city — now at $1.68 million — dropped 10% from June to July and has fallen 18% since its all-time high of $2.05 million in April’
Wow, so bat sh$t crazy can kick yer a$$. I said (as it was happening BTW) this central bank money printing/shack price spasm wasn’t going to hold and it’s rolling back like nothing ever before. 18% in May and June? Eat yer crowz Thornberg:
via GIPHY
dropped 10% from June to July and has fallen 18% since its all-time high
I’m told by a realtor here in San Diego that it’s just the froth from an unsustainable market. Everything’ll be okay. He clearly doesn’t understand how much froth there still is.
“The Denver Gazette in Colorado. “The median price of a single-family home in Denver stood at $723,750 in July, down from $750,000 a month ago.”
‘Homes are sitting longer, and for some reason sellers seem to think they’ll be worth more next year,’ she said.”
From CBS Colorado. “‘We saw what was our steepest decrease in pricing for the average priced home, in our June report. I think we were sitting at right around $714,000 is the average price per home.. in July we dropped down $690,000 for the average price just a little bit above that,’”
“Buyers have a lot of options currently so if you’re the one who is saying while my neighbor got $750,000 three months ago, you’re not going to get $750,000 today,’ he said.”
– The median (household) income in Denver, CO is $85,641 (2019 data), which is a lot higher than I thought.
Maths: $750k/$85.641k=8.75x, so median house price to income ratio there is almost 9x. This is Denver, not Beverly Hills, CA! That’s completely normal and in no way indicates a massive overpricing or housing bubble in the Denver MSA. /s
– Enjoyed the boom? Now enjoy the bust.
From Reuters. “Canada’s inverted yield curve is signaling the Bank of Canada may raise interest rates to a level that triggers a recession, placing the central bank in a tough spot as it aims to tame high inflation and engineer a ‘soft landing’ for the economy. “
‘That’s what happens when central banks fall behind the curve.’”
The Bank of Canada, like many other central banks, held that inflation was “temporary” or “transitory” into the fall of 2021, and did not start raising borrowing costs until March 2022, when inflation was more than double the 2% target.
Canada’s annual inflation rate hit 8.1% in June, its fastest pace since 1983.
– Central banks “printed” massive amounts of electronic fiat “dollars,” and dropped interest rates – the cost of money – to near zero. This is highly inflationary and they knew it.
– “Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” – Milton Friedman, (1912-2006) Nobel Prize-winning economist, economic advisor to President Ronald Reagan, “ultimate guru of the free-market system”, A Monetary History of the United States 1867-1960 (1963)
“Investors have worried that central banks around the world will be unable to cool price pressures without triggering downturns. The Bank of England last week built a lengthy recession into its forecast.”
– Too late! “Don’t do the crime if you can’t do the time.”
“Meanwhile, the BoC has continued to project Canada will experience a “soft landing” in which the economy slows but does not tip into recession.“
– If pigs could fly…
“”Such an outcome is not entirely impossible, but I don’t think they’d ease up (on rate hikes) because of a recession if inflation proves to be persistent,” said Derek Holt, head of capital markets economics at Scotiabank.”
– Global scum central banks blew a massive (global) housing bubble, since they all work in a concerted, coordinated fashion, following the same stupid Keynesian playbook. It was a (financial) pandemic. They are a disease. Asset bubbles always burst, and not in clean, tidy, well controlled fashion. ‘Soft landing’ is code word for deep (global)recession, with China as the largest housing bubble. Everyone else is peanuts compared to them. Good luck with that. Central banks and complicit governments own this. Pitchforks and torches will be the least of their problems soon.
How are those globalist imports working out for ya, rich Londoners?
Armed moped criminals are crawling across central London and targeting rich pedestrians who flaunt their £200,000 watches, warn police
https://www.dailymail.co.uk/news/article-11108187/Police-warn-rich-not-flaunt-200-000-watches-public.html
Police are warning wealthy people not to flaunt their £200,000 watches in public as their anti-moped muggers unit prepares to ram the criminals before they can strike again.
The Scorpion Team, a Metropolitan Police unit, are deployed in marked cars and BMW motorbikes, and catch criminals who use motorbikes, mopeds and electric bikes to commit robberies.
I thought being armed in the U.K. was a serious deal?
Some local Denver news. If the woman in the article is who I think it is, I’m two degrees of separation from a murder victim:
https://www.thedenverchannel.com/news/crime/suspect-wanted-in-deadly-i-70-shooting-of-kevin-piaskowski-arrested-by-denver-police-thursday-night
The 17 year old thug piece of sh!t who did this will be out free in less than 6 months, because the murder victim is white, and Denver District Attorney Beth McCann doesn’t prosecute murders with white victims.
Mother And Daughter Fight For Their Lives With Armed Thief
https://www.bitchute.com/video/33aQprI05pEa/
2 minutes.
https://youtu.be/SqqGFoASs9s
State-sponsored ethnic cleansing.
I am not personal friends with Tamra, but I have worked on the same jobsites with her earlier this year.
Attorney General Beth McCann gets money from Soros to not prosecute crimes like Piaskowski’s murder.
George Soros pays for these murderers to go free, because he has a pathological hatred of white people and Christianity.
Soros-installed DAs and Democrat-Boshevik judicial officials are termites in the foundation. Every D voter is an accessory to this.
Love how the article says it was a 17 year old “boy”. Just a silly little boy, send him to his room without dinner as punishment right?
Probably about to go to Harvard on a full scholarship too. Just like Trayvon and Mike Brown. Then racism crushed his dreams.
My tingly spidey senses tell me a bursting housing bubble is underway.
“My tingly spidey senses tell me a bursting housing bubble is underway”
The mushroom cloud of new listings, ballooning inventory, days on the market, price reduced and stampede for the exits in my part of Region IV tells me a bursting housing bubble is underway.
‘We really pushed for this house because of the mortgage rate,’ he said. ‘Even when they said, ‘We’re not going to do the fixes,’ we were just like, ‘You could literally set the house on fire and we’re gonna take it, because we could not afford this house now if this house went back on the market.
These are teachers. No wonder our “Everyone’s a winner” public school system is turning out such dolts. I’m going to enjoy seeing such Comrades of Proven Worth (D) losing “their” shacks to foreclosure.
A reader sent these in:
Lance Lambert
2022 Boise is turning faster than bubbly markets did in 2005-2008.
https://twitter.com/NewsLambert/status/1557932984598159363
Lance Lambert
Bubbly Idaho Falls is turning—very fast. Historically fast.
https://twitter.com/NewsLambert/status/1557963109750407174
Lance Lambert
This summer, Provo’s housing market shifted fast. It’s now back to pre-pandemic inventory levels.
https://twitter.com/NewsLambert/status/1558304395493867521
LOL
https://twitter.com/GRomePow/status/1558118303599509504
NY Fed Research
Home sales were down again.
https://twitter.com/NYFedResearch/status/1558117379263143936
Odeta Kushi
Seasonally adjusted purchase mortgage applications point to further declines in existing-home sales in the month of July. It’s possible for sales to come in below 5 million SAAR, which excluding the spring of 2020, would be the lowest level since 2015.
https://twitter.com/odetakushi/status/1558145618152923137
“Bubbly Idaho Falls is turning—very fast. Historically fast. ”
Can’t be. I was told it will be a slow grind.
Compass Real Estate reveals that the median sales price for a home in the city — now at $1.68 million — dropped 10% from June to July and has fallen 18% since its all-time high of $2.05 million in April.
Gosh, that means anyone who bought at the peak is already underwater.
It’s like buying a new car. The moment you are out of the dealer’s lot, you are underwater.
“The average price to buy a detached home in Toronto has fallen by nearly $400,000 since May and over $550,000 since hitting a record high in February. The average sale price for Toronto detached homes in July was $1,515,763.
Die, speculator scum.
‘People just don’t know what’s going to happen with interest rates … The stuff coming to market in the next 24 months has people sweating the most.’”
“Zimbabwe Ben” Bernanke, Yellen the Felon, & BlackRock Jay have kept interest rates artificially suppressed since 2008, while lying about the true rate of inflation. At some point this Keynesian monetary malpractice is going to be overtaken by market forces, and when that happens, the vaporization of fake wealth created by fake Yellen Bux “money” is going to be downright Biblical.
Worried about your home depreciating in Denver? ‘Don’t be panicked’ says real estate expert
Denver7 – The Denver Channel
Aug 12, 2022 DENVER – A recent report from real estate brokerage firm Redfin shows the Denver metro area’s housing market is among the most vulnerable during an economic downturn.
With recession fears and higher interest rates contributing to a shift in the market, most experts say to take a deep breath if you’re a buyer or a seller.
On the seller side, real estate experts like Lori Abbey say if you’re priced right — and you don’t have to make a price drop — you’re still getting about 1% over ask.
This is what she has to say about why sellers shouldn’t be worried about their homes becoming depreciated as the market shifts:
On the lender’s side, Jimmy Everett, owner and operator of Everetts Lending, says buyers worried about what the shift in the housing means for the value of their home should pause and take a breather as the market shifts.
This is what he has to say to homeowner’s who’ve heard the price they paid for their homes a year ago might not be what they could get for their home today:
https://www.youtube.com/watch?v=306ph0PWqRY
1:25.
Real Estate Demand IS DOWN: Why Are Homes For Sale in the Boise, Idaho Area Not Selling?
Aug 12, 2022 REAL TALK: Why are so many homes not selling right now? 🤔
Seeing more price reductions on local real estate for sale?
Homes for sale in the Treasure Valley seems to be sitting on the market longer and longer lately, and we’re here to explain exactly why!
What you’re hearing is true…There is a correction/shift happening in the housing market. This is what homebuyers have been hoping for!
BUYERS: Instead of paying well over list price and competing against multiple offers, your interest rate will be higher. You might be paying more per month than the historically low interest rates that were available a few months back, but your total cost of ownership over the term of your loan is down. If you can’t seem to make the payments work with the 30 year fixed loans, seriously consider a 7-year adjustable rate mortgage. Data shows most people are not even living in their homes longer than 5 years these days.
SELLERS: You have an appreciating asset which is the best hedge against inflation. Instead of appreciating at record levels of 20% or more, it will appreciate at a normal rate of 3-5%. If you are selling your home, it’s CRITICAL that it is being presented and marketed in a way that stands out among the rest. Also, your pricing strategy is more important right now than it has been in a very long time.
Real estate is the best place to have your money with high inflation. Don’t let the news influence you.
https://www.youtube.com/watch?v=hXReZVIXBNY
2:28.
“Real estate is the best place to have your money with high inflation.”
Only valid if the housing wasn’t the cause of inflation.
Or if housing inflation didn’t frontrun and far outstrip other categories of inflation, just before the Fed decided housing prices were too high and needed to be reined in…
Don’t fight the Fed!
The globalists and their Democrat-Bolshevik Quislings are working flat-out to bring this to U.S. cities.
Whole Cities Are Under Siege by Narcos in Mexico
https://www.vice.com/en/article/n7ze4q/mexico-cjng-siege-doble-r
Cartel violence has wracked Mexico since the reported arrest of cartel leader Ricardo Ruiz, or “Doble R.” Now AMLO is claiming Doble R was never arrested.
Maybe this should stay on Mexico’s side of the border.
Public, US employees in Tijuana warned to shelter-in-place as chaos, violence erupt
https://nypost.com/2022/08/13/us-consulate-tijuana-advised-shelter-in-place-as-chaos-violence-erupt/
The U.S. Consulate in Tijuana warned the public and government employees to avoid the area and seek shelter as violence and unrest erupted.
The U.S. Consulate tweeted that vehicles are being set ablaze, roadblocks are being set up, and there is heavy police activity occurring in Tijuana, Mexicali, Rosarito, Ensenada, and Tecate.
Attorney General Merrick Garland is not a Christian.
And there will be no place for him in the coming Christian Nationalist Homeland.
The only way out of this is to go full Yugoslavia.
Christian Nationalist homeland? Some of us view faith as a personal matter and wouldn’t be too keen on living in a theocratic state with Elmer Gantry-like charlatans dictating morality to the masses. Unless I get a fax from God directing me to establish such a state, I’ll view your religion – be you Christian, Muslim, Jew, Hindu, etc. – as your business and let you worship – or not worship – as you see fit, as long as you’re not harming anyone else.
I am not convinced Merrick Garland is a human being.
If he is, he is one sleazy snake like human being.
What a total cluster-f*ck Russia’s botched invasion of Ukraine has turned out to be.
https://www.dailymail.co.uk/news/article-11108269/Anti-war-Russian-soldier-reveals-Putins-army-saddled-rusty-guns-tactics-grandfathers.html
Russia’s botched invasion
Just a perspective from far away, Ukraine keeps getting smaller by the day.
Maybe twenty years from now perestroika will be fully realized, the Russian people will enjoy a higher standard of living with the oligarchy’s back broken and western oil companies like Royal Dutch Shell who already provide the technical know-how in the frozen north will hang their shingles there.
San Diego Housing Market Declines 2 Months in a Row
Aug 12, 2022 The San Diego Housing Market has certainly cooled in recent months and it is finally starting to show up in the stats. We have seen a 5% Drop in the median home price here in San Diego county over the last two months. And although we aren’t quite in a Buyers Market yet we seem to be trending in that direction.
https://www.youtube.com/watch?v=xH0noeTbSa4
5:40.
He’s a little bit more realistic than the realtor referenced above, but this guy doesn’t understand that the rate hikes aren’t nearly enough to curb inflation.
“this guy doesn’t understand that the rate hikes aren’t nearly enough to curb inflation.”
By chance he knows that isn’t the feds intent.
You give him too much credit. He’s a realtor.
Riddle me this: why do jumbo loans have a lower interest rate? I would think larger loans are more risky and would have a higher interest rate to reflect that risk.
Is it lower rate or lower APR? Lower APR makes sense since fixed costs as a % of the loan is lower the higher the loan amount is. Hence lower APR the higher the loan amount is.
It’s not clear here.
California’s housing market would probably implode without the Jumbo, a free-market aberration. Maybe the desirable location^3 brings that lower rate? 😐
“…a higher interest rate to reflect that risk.”
When the government is the guarantor there is no risk.
Ante up, U.S. taxpayers. The Big Guy’s commissions aren’t going to pay themselves.
Ukraine in default according to Fitch and S&P
https://www.reuters.com/markets/rates-bonds/sp-fitch-lower-ukraines-foreign-currency-rating-2022-08-12/
Aug 12 (Reuters) – Global rating agencies S&P and Fitch on Friday lowered Ukraine’s foreign currency ratings to selective default and restricted default as they consider the country’s debt restructuring as distressed.
Hey Fritz & Helga, how’s electing globalist Quisling regimes working out for ya?
Forget inflation, shrinkflation is sparking a fury in Germany
https://financialpost.com/news/economy/forget-inflation-shrinkflation-is-sparking-fury-in-germany?r
German shoppers are getting increasingly angry at attempts to hike goods prices by stealth
‘Former President Donald Trump on Friday said that the allegedly classified materials the Federal Bureau of Investigation (FBI) sought in the agency’s raid of his Mar-a-Lago resort were “all declassified.”
“Number one, it was all declassified,” Trump wrote on Truth Social on Friday, shortly before the court unsealed the search warrant the FBI used for its Aug. 8 raid of his Florida resort.’
‘According to Mike Davis, President of the Article III Project and a former law clerk under Supreme Court Justice Neil Gorsuch, the president of the United States can declassify records by simply leaving the White House with them.’
“The President of the United States has both the constitutional (and statutory) power to declassify anything he wants,” Davis wrote on Twitter on Aug. 11. “If President Trump left the White House with classified records, they are declassified by his actions.”
“As discussed, the Office of Former President Trump—like every other former president’s federal office—is equipped and secure enough to handle these declassified records,” Davis added. “This is a routine dispute with bureaucrats at the National Archives whether these are presidential records.”
‘Davis cited Department of Navy v. Egan (ruling), a 1988 Supreme Court decision that Davis says shows the president possesses the constitutional power to “classify and declassify” records “regardless of any statute passed by Congress.”
“The President, after all, is the ‘Commander in Chief of the Army and Navy of the United States,’” The Supreme Court ruled at the time. “His authority to classify and control access to information bearing on national security and to determine whether an individual is sufficiently trustworthy to occupy a position in the Executive Branch that will give that person access to such information flows primarily from this constitutional investment of power in the President and exists quite apart from any explicit congressional grant.”
“When President Trump had the records sent to Mar-a-Lago, they were declassified,” Davis explained. “Former presidents don’t have this power. But Trump did this as the president.”
https://www.theepochtimes.com/trump-all-mar-a-lago-materials-were-declassified_4661231.html
Remember kidz, don’t threaten elected officials or other feds, because you will end up in the January 6th gulag indefinitely without being charges.
These globalists truly think they are above the law, especially the unelected bureaucrat alphabet agency Deep Staters.
The Unites States is a Christian nation founded by immigrants and descendents of immigrants from Western Europe and Northern Europe.
Replacement theory is not a theory, it is the globalist blueprint for the extermination of white people.
“The Unites States is a Christian nation…”
The shift away from a dominant religious group is seen as beneficial for a secular society with a government built on the idea of separation of church and state.
the idea of separation of church and state.
Would you mind pointing that out in the Constitution? I don’t think it says that exactly, maybe something else.
Sounds like something the courts should have no problem sorting out.
They shouldn’t have to.
“In the inner East Bay — a region that includes Oakland, Alameda, Emeryville, Berkeley and Richmond — the median home sales price is down 12.5% to $1.223 million from the area’s high of $1.4 million in April and May.”
A three month decline of 12.5% occurs at an annualized rate of decline of 1-(1-0.125)^4 = 41.4%.
“Compared to last July, that section of the East Bay has now seen a slight reduction in median sales price, which stood at $1.225 million in the summer of 2021.”
That couldn’t last.
“Pandemic gains have also disappeared for homes from Lafayette to Richmond, which are now routinely going for hundreds of thousands under what they would have fetched in April, as I reported last month.”
CR8R
A three month decline of 12.5% occurs at an annualized rate of decline of 1-(1-0.125)^4 = 41.4%.
I’m adding the following to the comments section of that last SD realtor: A two month decline of 5% occurs at an annualized rate of decline of 1-(1-0.05)^6 = 26.5%.
‘The new Centers for Disease Control and Prevention (CDC) COVID-19 guidance is the agency acknowledging it was wrong in the past to downplay natural immunity and promote unprecedented policies like asymptomatic testing, a California epidemiologist says.’
‘The new guidance, released on Aug. 11, rescinds and alters a number of key recommendations, including treating unvaccinated and vaccinated people differently for many purposes, explicitly stating that people with previous infection have protection against severe illness, and removing six-foot social distancing advice.’
“The CDC is admitting it was wrong here, although they won’t put it in those words,” Dr. Jay Bhattacharya, professor of medicine at Stanford University School of Medicine, told The Epoch Times.’
“What they’ll say is that, well, ‘the population is more immunized now, has more natural immunity now, and now is the time—the science has changed.’”
‘But a large percentage of the U.S. population has had natural immunity, or protection from prior infection, Bhattacharya noted, while over 80 percent of the elderly population had protection from severe disease from COVID-19 vaccines, previous infection, or both, since 2021.’
“This is two years too late, but it’s a good step,” Bhattacharya added.’
‘Bhattacharya, who co-authored the Great Barrington Declaration in 2020, a document that called for focused protection on the elderly and fewer restrictions on others, said that the guidance is closely aligned with the principles outlined in the declaration.’
‘Based on the new guidance, the CDC should immediately rescind the COVID-19 vaccine mandate for foreign travelers entering The United States, a policy imposed in November 2021, the professor added.’
https://www.theepochtimes.com/new-cdc-covid-19-guidance-is-agency-admitting-it-was-wrong-epidemiologist_4662417.html
Nuremburg Trials v2.0 coming soon…
Those who vaccinated (and worse boosted) must feel like $hit just about now. But then again, they know they are.
They may be dead or maimed, but the social media virtue signal was certainly worth it.
“They’re not sending their best”
“Those who vaccinated (and worse boosted) must feel like $hit just about now.”
I doubt it.
I’m ashamed to say I made my wife rewind what was to the best of my knowledge this woman’s only famous scene just to be sure I saw what I thought I saw.
It wasn’t wearing a mask either.
Sharon Stone blames people who won’t wear masks for her sister’s Covid-19 diagnosis
By Madeline Holcombe, CNN
Updated 11:45 AM ET, Mon August 17, 2020
(CNN)Actress Sharon Stone shared her sister’s experience with Covid-19 on Instagram, and she said people who don’t wear masks are to blame.
“One of you Non-Mask wearers did this,” Stone said in a post Sunday.
https://www.cnn.com/2020/08/17/entertainment/sharon-stone-sister-coronavirus-diagnosis-trnd/index.html
Basic Instinct. IIRC, her wardrobe in that movie was fabulous.
She thought unmasking was just fine then.
At some point, she claimed she didn’t know that that shot was going to or had been taken. GMAFB!
The 1990s erotic thrillers were awesome compared to this endless revenge and woke genre.
The Financial Times
House & Home
Is the UK housing market at a turning point?
Interest rates are rising to stem inflation and borrowing costs are increasing fast. Could this signal the end of spiralling house prices?
George Hammond yesterday
Anna Williamson has been hunting for a flat in London since January. In that time, average rates for new mortgages have jumped multiple times, each limiting the pool of what she can buy. Grace and Howard are anxiously waiting to see how much further the cost of borrowing will have risen by September, when they have to renegotiate the mortgage on a flat they bought last year. Mary is hoping to complete her purchase as soon as possible, after bringing forward her decision to buy in the hope of beating ever-rising costs.
Talk to people on the ground and it’s quickly apparent that England’s housing market is in a state of flux. The Bank of England has increased the base interest rate half a dozen times since December last year — most recently by 0.5 percentage points in early August, the biggest single increase in 27 years — as it tries to stem spiralling inflation. Homebuyers are scrambling to respond to rising costs: some are accelerating moves, others are abandoning them.
The result, analysts say, is that the UK housing market may be at a turning point, ending a near decade-long cycle of rising prices. “We’re certainly entering a different period,” says Noble Francis, economics director of the Construction Products Association. “Interest rates are not going to go back down to 0.25 per cent, let alone 0.1 per cent: we’re going to have to get used to higher rates.”
The Bank of England is also beginning to unwind quantitative easing, its massive bond-buying programme undertaken to prop up the economy in the wake of the 2008 financial crisis. Ultra-low rates and quantitative easing helped to lift the economy out of its post-financial crisis malaise but have stoked house prices to increasingly unaffordable levels, Francis says.
…
The Fed’s Damage to the Housing Market May Last Years
Analysis by Allison Schrager | Bloomberg
August 11, 2022 at 11:33 a.m. EDT
A Fed-fueled frenzy finally fifizzled.
With interest rates now hovering around 5%, existing-home sales are down more than 14% from last year. Some potential buyers are sitting on the sidelines until rates or prices or both decline, while sellers are hoping the market picks up again so they can get a higher price.
But don’t count on rates falling to those pandemic lows. They were the result of extraordinary market manipulation from the Fed. And unless this becomes a regular feature of monetary policy, rates are not going back to what they used to be.
The real estate market has been on a wild ride. House prices, measured by the Case-Schiller index, increased 30% between March 2020 and December 2021, a steeper rise than the lead-up to end the housing bubble in 2008. This was in part because many people moved during the pandemic, but also because the 30-year mortgage rate was only 2.65% in spring of 2021.
Story continues below advertisement
The impact of the Fed’s interference may be felt for years. In the spring of 2020, the Fed was desperate to avoid economic collapse, so it reverted to its 2008 playbook. It cut rates to zero and brought back quantitative easing, buying long-dated government bonds and mortgage-backed securities (MBS). Most residential mortgages are securitized by Fannie Mae or Freddie Mac, and resold in what is known as an agency MBS.
In 2020, the mortgage-backed security market was in trouble, and the Fed was even more aggressive than it was in 2008. It effectively became the only ultimate buyer of these securities: Its holdings of agency MBS increased by $1.3 trillion between 2020 and 2022, while the market for agency mortgage-backed securities grew by $1.5 trillion. The Federal Reserve now holds more than 40% of the total outstanding amount of agency MBS, or nearly half the market.
These actions were one big reason rates fell so low.
…
https://www.washingtonpost.com/business/the-feds-damage-to-the-housing-market-may-last-years/2022/08/11/fa4e8f4c-1964-11ed-b998-b2ab68f58468_story.html
“The Fed’s Damage to the Housing Market
May[Will] Last Years”– No form of centrally-planned, command-and-control committee, entity, or government ag’cy. can expect to effectively control a hugely complex system like the U.S. economy or even the U.S. housing market, without screwing it up in a major way. Free markets work when allowed to, but too few opportunities for graft and corruption. History is littered with the corpses of failed Socialist States. Current examples of Cuba, Venezuela, North Korea come to mind. End the Fed.
“The enduring lesson of the 20th century is that socialism is a failure, and free markets are a success. But the politicians keep advocating just a little more socialism.” – Milton Friedman
A major source of objection to a free economy is precisely that it … gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself. – Milton Friedman
“The society that puts equality before freedom will end up with neither. The society that puts freedom before equality will end up with a great measure of both.” – Milton Friedman
“One of the great mistakes is to judge policies and programs by their intentions rather than their results.” – Milton Friedman
No form of centrally-planned, command-and-control committee, entity, or government ag’cy. can expect to effectively control a hugely complex system like the U.S. economy or even the U.S. housing market, without screwing it up in a major way.
Reminds me of The Stability Game from Where Does Money Come From? – Hidden Secrets Of Money Ep 5 – Mike Maloney. If you haven’t watched this series, I highly recommend it. I may have to watch it again; it’s been a few years since my first viewing.
How Big Pharmacy captured the medical system.
Rockerfeller eliminated all competition from other healing arts and set up the one monopoly pharmacy approach to medicine.
In the 70 ‘s Insurance companies didn’t want to insure older people over age 65 , so Government enacted Medicare, so Insurance Companies made greater profits by only insuring the lower risk under 65.
In the 80s Big Pharmacy got Gov. to give them ” Immunity” on vaccines , which transferred the cost of damage from vaccines to gov.
In 1997, it was passed that Big Pharmacy was allowed to advertise drugs. Fast forward to 70% of advertising dollars from Big Pharmacy , that captured the narrative that basically funded fake news.
UN and Corrupt WHO , getting global government to agree to health care dictates, and other agendas like Climate Change , sustainable earth. All designed to usurp sovereign states and Constitional protections. Bill Gates directly gives money to the WHO.
Dr Fauci funding “gain of function ” research in Foreign Countries, because it was illegal in US.
Evidence of rigged trials on pharmaceutical, and a captured FDA and CDC , approving unsafe drugs.
Pharmaceutical deaths reaching the third and forth cause of death in US in the last decade.
Mandated up to 70 vaccines for children by a young age by Government to attend school.
Fauci funding of billions to only fund and support Big Pharmacy , and Scientist coming to other conclusions were defunded, slandered, and pushed out. Scientists compromised by funding .
Obama care passed, that forced and mandated the purchase of health insurance , or IRS tax penalty. Cost of insurance was based on how much you made, not your health risk. Communism of taking from one group to give to another
Health Industry got a built in amount of money by forced purchase of health care
Obama made a deal with Big Pharmacy they didn’t have to reduce pharmacy costs, so the US has to most expensive costs in the world on Pharmacy.
Tax payers paid for Covid vaccines , as they were purchased by Gov, including Covid incentives given to hospitals. So health Insurance was not charged cost of Covid.
Lockdowns of globe by global Government operating in lockstep, destroyed small business , transferred wealth to mega Corporations , most!y members of the WEF. A loot job of epic porporations.
FDA, approved vaccines under emergency use, in which history of the gene altering technology, killed the animals. The trials evidence that was forced by a Judge, did not include the prior animal studies. Covid vaccine trials showed 10 pages of side effects, numerous deaths, and they cut off trials after 3 months giving the vaccine to the unvaccinated control group. No pregnant women were tested , yet they recommended jabs to prevent women.
Fake news banned and censored dispute to the vaccines, and Bill Gates gave millions to news originations . Well you all know the money incentives given in the Covid Scam .
But, I just made the above list to show how private industry like Big Pharmacy can rig systems by transferring risk and loss to gov and the tax payers.
Another example is the Lenders transferring bad loans to the government, another example is transferring school loans to government.
Its a max the profits to Big Business, and transfer the loss to gov and tax payers. Its a looting system , a rigged system that could not be called capitalism .
And no doubt the politicians were bought out, didn’t represent the people, and they are traitors .
Gov agencies such as FDS, CDC, FBI, IRS etc have been infiltrated and operate in the interest of this power takeover.
So, next line of attack will be Climate Change Emergency, famine and fuel deprivation, etc. I predict it could lead to rationing of food and fuel, and new lockdowns .
If Entities are trying to have a One World Order dictorship run by them, they have to tear down current systems to bring on their One World order Great Reset, to build back better the hellish enslavement and deprivation and murder of their agenda.
Oh, Europe immigration and open border US was all part of the plan to tear down Countries by this massive onslaught of people needing ongoing welfare.
Oh, Europe immigration and open border US was all part of the plan to tear down Countries by this massive onslaught of people needing ongoing welfare.
Our permanent Democrat supermajority of dependency voters isn’t going to happen by itself, you know.
CCP Flu is the greatest fraud ever perpetuated in my lifetime.
And these globalists think they’re gonna get away with it.
More dominoes are falling in Australia.
Melbourne construction company Blint Builders collapses owing $1m to 50 creditors
https://www.news.com.au/finance/small-business/melbourne-construction-company-blint-builders-collapses-owing-1m-to-50-creditors/news-story/b69c079b5b7c79a2d220fe225bf22c67
In another casualty for the construction industry, a building firm has gone under with 50 creditors and several homeowners impacted.
Get woke, go broke
‘Woke’ NYC Starbucks now a haven for junkies, drunks and homeless
https://nypost.com/2022/08/13/squatters-take-over-noho-starbucks/
A NoHo Starbucks is dealing with more than just a constant flow of caffeine junkies looking to get their fix.
The café at the corner of Astor Place and Lafayette Street regularly contends with drug users, mentally disturbed people and homeless folks looking to take a nap, The Post witnessed.
“Starbucks got too woke too fast,” said java joint regular Constantine Dobryakov. “Now some customers are too scared to go in because you’ve got a bunch of homeless people sleeping in there. They got to be ready to kick people out and not give everyone a free cup of coffee. You give them a finger and they’ll take a hand.”
Globalists gonna globe.
Number of migrants crossing English Channel in small boats tops 19,000 for the year as more arrive in Dover
https://www.dailymail.co.uk/news/article-11108527/Number-migrants-crossing-English-Channel-small-boats-tops-19-000-year.html
The Camp of the Saints was a warning
Report from my area: lots of price reductions. Lots of listings, relative to a few months ago. But also still a steady amount of sales. Prices doubled over the past 2-3 years. And that was on top of steady growth since the early 2010s. Now reality is setting in that it can’t go on forever and sellers are adjusting their expectations. Price reductions are happening fast. It’s not like 2007-9 when houses would linger for months and months at the same prices. I think people understand what is happening and are not under any delusions. So a 5% reduction in price after a couple of weeks is not uncommon. The thinking is I bought for $500K, I’m listing for $1.3M, I’ll drop $100k sure, I’m still walking away with a retirement package even after the price drop.
Californian refugees keep moving here which is providing steady demand even as supply is increasing. It’s an interesting dynamic.
All these mega Corporations, who are members of WEF under Klaus Schwab, including Big Pharmaceuticals , colluded to pull off the Covid Scam.
A plan to take over the World for “Stakeholder Global Governance.”
Unelected fat cats, who are parasites and looters who infiltrated Governments, to take over most the Globe.
They do think they are going to get away with it, and so far they have.
‘A federal jury has found that a Democrat super political action committee (PAC) defamed Roy Moore, a former sheriff and U.S. Senate candidate.’
‘The Senate Majority PAC made a false statement about Moore that was defamatory, the verdict, returned on Aug. 12, states. The PAC also published the statement despite knowing it was false or acting “with reckless regard” as to whether the statement was false, the jury said.’
‘Jurors also found that the Senate Majority PAC invaded Moore’s privacy. They awarded Moore $8.2 million.’
“I feel this is vindication and I give thanks to Almighty God and the jurors in this case for a great victory over our corrupt political system,” Moore said in a statement.’
‘Moore won the 2017 Republican primary runoff election to replace Sen. Jeff Sessions (R-Ala.), who then-President Donald Trump tapped to be attorney general.’
‘Ahead of the general election, a group linked to the Senate Majority PAC ran a 30-second advertisement nearly 1,000 times on television networks in Alabama that accused Moore of “soliciting sex from young girls” at a mall, according to the complaint. The claim was based on a report from The New American Journal, which cited anonymous sources and later said was inaccurately reported.’
‘The ad also included quotes from news articles, such as “one he approached ‘was 14 and working as Santa’s helper.’” But those articles were not talking about soliciting sex.’
‘The juxtaposition of the quotes were meant “to create the false impression that Judge Moore solicited sex from a 14-year-old Santa’s helper at the mall. The very source they cite in the ad refutes that statement,” the complaint stated.’
‘The Senate Majority PAC said the accusations were baseless but U.S. District Judge Corey Maze, a Trump appointee, rejected multiple attempts to throw out the case, leading to the trial.’
‘Moore lost the campaign by about 21,000 votes to Doug Jones.’
https://www.theepochtimes.com/jury-awards-former-us-senate-candidate-roy-moore-over-8-million-in-defamation-case_4662672.html
Deep State gonna Deep State.
‘Even when they said, ‘We’re not going to do the fixes,’ we were just like, ‘You could literally set the house on fire and we’re gonna take it, because we could not afford this house now if this house went back on the market. We would not be able to afford it whatsoever’
That’s some sound lending right there!
China’s Zero Covid Nonsense Continues in Hainan
China Fact Chasers
Aug 13, 2022 People from Shanghai finally got the chance to escape the horrible covid lockdowns and went to Hainan Island the so called Hawaii of China. Unfortunately just as they got to Hainan lockdowns started happening there too!
https://www.youtube.com/watch?v=Of_vxw1O0Ks
7:17. This is the ADV China guys.
It seems horrific, until you realize that our overseers have done the same to us just in a lighter version. They admire the Chinese approach.
I smell fear – is that you, FBs?
Google searches for ‘sell my home fast’ spike 2,750%
https://nypost.com/2022/08/02/google-searches-for-sell-my-home-fast-spike-2750/
Within hours of the latest GDP report on Thursday, which raised fears that the United States could be entering a recession, online search volume for “sell my home fast” spiked a whopping 2,750%.
Shortly after the Commerce Department released the report on July 28, revealing that the economy showed negative growth for a second straight quarter — shrinking by an annual pace of 0.9% — home sellers hoping for higher housing prices to continue are now concerned.
Twitter censored this video
https://www.bitchute.com/video/2aoNgTChEpcQ/
2:17.
Globalists gonna globe. But the truth is still seeping out.
What could be the purpose of these extreme lockdowns in China , when they have one of the lowest Covid death rates in World, in spite of high population and being ground zero for Covid 19.
Actually watching China in the early days of Covid , actually convince me Covid was a scam. It was that fake footage of the Chinese dropping in the streets, and the fake Doctor story. Than China went into full production mode, while the rest of the globe shut down. So, now China has extreme lockdowns? Nope, doesn’t make sense .
Today the CDC concedes they were wrong about everything.
1988 Supreme Court says Presidents can declassify docs at will yet BidenScum and Doctor/Hooker Jill continue their evil deeds.
Rope sales are skyrocketing.
Everyone who refused the jab, congratulations, you survived the greatest psyop in history
Makes me wanna wear a “COVID psyop survivor” shirt or button!
At one point the shills at CNN were promoting the idea that the unvaccinated should be taken to camps and locked up.
Others were saying the unvaccinated need to suffer severe fines. Biden and the other liars were saying Covid is a disease of the unvaccinated. We all know of thousands of people who lost their job because they didn’t want to take a expiermental vaccine.
How about all the time you weren’t allowed to go to restaurants, concerts, or engage in many activities if you could not prove you were jabbed. How about people who lost their business over the lockdowns.
How about the useless masks and all the damage they did. The damage they caused to the globe is epic.
But, by far the greatest victims are the dead and injured that were deceived, brainwashed, bribed or coerced into the Covid vaccines.
Brick — Disco Jazz:
https://www.youtube.com/watch?v=135BzFNoqek
Parliament — Placebo Syndrome:
https://www.youtube.com/watch?v=5claGC3825A
Eddie Kendricks — Keep On Truckin:
https://www.youtube.com/watch?v=_eIi0VoneNo
One of my faves Stomp brothers johnson
https://www.youtube.com/watch?v=TFY1_zZ5Nc4
Yesterday, I asked my son if he saw that viral Marshawn Lynch video of him passed out in a car with the left front wheel missing its tire that probably went flat, and the rim that was likely ground-away from road friction leaving only the center section as he was too drunk to change it. Before he was pulled from the car he was clearly seen wearing his pants below his ash and had his hand on his junk. Real ghetto. 🙂
My son sheepishly said, yeah; I left it at that. He loves sports, and he had the Seattle Seahawks’ more popular players hanging on his bedroom wall when he was younger. He is still processing it.
Marshawn Lynch’s lawyer has advised him to marry Nancy Pelosi before his DUI case goes to trial.
I saw of shortened version of this without a link so went looking for it: If I were the Devil 👹 Paul Harvey. It’s extremely prophetic.
“If I were the Devil 👹 Paul Harvey”
Well that is spot on.
Frighteningly so.
Title track from a really good album that I received along with Hotel California from my brother Christmas 1976. Both albums had just been released and nobody I knew had heard of either one at the time. My bro always had really good taste in music.
The Pretender · Jackson Browne
https://youtu.be/SqRvJLH_-vU