thehousingbubble@gmail.com
Blog

There’s No Point Digging In Your Heels For 2021 Prices Because They Don’t Exist Any More

A report from KTNV in Nevada. “Cynthia Dillion is a New Homes Sales Agent for Harmony Homes and she says she’s lucky if she hosts two tours a day to interested buyers. She says at a new development in West Las Vegas, selling a home has become a challenge. She says back in March, she had a waitlist, but now they struggle just to get people into their office. ‘We had an interest list of about 100 people per floor plan and we have 3-floor plans and now we have about 5 people on each one of those,’ Dillon said. A recent Las Vegas-based report by Home Builders Research says builders logged 434 net sales in July. That’s down 61.5% from the same month last year.”

The Modesto Bee in California. “The new owner that took over the Diablo Grande development two years ago is delinquent on more than $2 million in property taxes, according to a Stanislaus County tax collector listing. Angel’s Crossing LLC owes $2,072,208 in unpaid taxes on 65 parcels at the resort community in western Stanislaus County. Mike Crumb, a homeowner since 2006, said the clubhouse is closed and the two golf courses that once were the glory of Diablo Grande are dead. ‘That supposed developer has not spent one penny on this development,’ Crumb said.”

From WESH in Florida. “Twenty-four-point-five percent of pending sales were canceled in the Orlando metro area. ‘I did see a bit of that in the spring, early summer, when the interest rates pushed up to the 6% ceiling when people realized their payment could be anywhere from $500 to $1000 more so some people pulled back from buying in general,’ realtor Christine Elias said.”

The Coeur d’Alene Press in Idaho. “The number of homes for sale continues to grow in Kootenai County. According to the Coeur d’Alene Regional Realtors, there were 1,055 residential listings in July. That’s a 44% increase from 698 listings in May. The number of Kootenai County homes sold through July totaled 1,571, down 21% from a year ago. Lindsay Allen, Coeur d’Alene Regional Realtors president, said there continue to be price reductions, and some homes are back in the $400,000 range, with some even below that benchmark. ‘We’re starting to see that pop up again,’ Allen said.”

From Reuters. “‘Home price appreciation is set to come to a screeching halt under the weight of poor housing affordability and a deteriorating economic and financial environment,’ said Scott Anderson, chief economist at Bank of the West. ‘This correction could happen all at once during a recession or gradually over time. No matter how you measure it today, home prices are extremely expensive.'”

From CTV News in Canada. “Local brokers say real estate in Calgary experienced a surge in early spring, and demand has come down. ‘It’s definitely settled. We don’t have the frenetic pace. We don’t have the multiple offers,’ said Karen Fawcett, a Calgary real estate agent. ‘Calgary’s never achieved the big bubble (that) occurred in Toronto and Vancouver. We’ve remained relatively stable.'”

“Derek Cook listed his investment property in southwest Calgary in February, but decided to sell it months later for about 10 per cent less than the initial asking price. ‘We didn’t get quite the price we were hoping for in a hot market, but we were fortunate to sell at a reasonable price in July,’ said Cook.”

From CBC News. “With a housing market that’s pricing out many in the Greater Toronto Area and stricter mortgage rules in Canada, private lending is becoming more popular among those looking to secure loans to buy a home — but experts warn there are risks involved. ‘I’m seeing people who certainly would have been at the bank not so long ago who just have no choice but to turn to private lending,’ said Zahra Marani, managing partner for real estate and private lending with Marani Law LLP. ‘Not only are we seeing an increase in the need for private funds, we’re also seeing an increase in the rates that are being agreed upon by the borrowers and lenders and the brokers, because it’s costing more to borrow at the banks.'”

“Marcel Ghazouli, a licensed mortgage broker with Premiere Mortgage Centre, says he’s also noticing more clients borrow from private lenders often at sharply higher interest rates than would be available through a bank. Ghazouli says private lending, which is typically short-term loans that can be anywhere from a year to 18 months, are designed to ‘bridge the gap between one scenario and the next,’ such as moving from a private lender back to a more traditional institution, such as a bank.”

“‘What many people don’t realize is that these private mortgages don’t automatically renew once they’re up for renewal,’ he said. ‘The lender can impose a renewal fee.’ TRREB president Kevin Crigger said while he personally hasn’t seen a large amount of clients turning to private lenders, ‘qualification definitely is a concern for some and people are qualifying for less,’ as the mortgage stress test continues to increase along with interest rates.”

The Wairarapa Times Age. “There is light at the end of the tunnel for renters and buyers alike as a new report suggests New Zealand could soon be facing a housing surplus. In the latest Inner Kiwi release, Kiwibank said the market was turning from a ‘famine’ to a ‘feast,’ adding that there was a growing surplus of houses ahead. Wairarapa Property Investors Association president Tim Horsbrugh said he agreed with what Kiwibank was saying, saying that the big difference now was the sharp decline in immigration. ‘When house prices increased 30 per cent in two years it was expected that this was not normal and they would reduce back. Landlords are seeing surplus rentals on the market. It’s starting to get harder to find good tenants, so rents will stabilise.'”

“Harcourts Masterton managing director Prue Hamill said changes in the market were already being felt in Wairarapa. ‘The market has changed everywhere except Christchurch and Otago. Locally, as I’ve touched on before, we’ve had less of a [price] drop and more of a correction. There are more open homes and more offers on properties.'”

The Daily Telegraph in Australia. “Continuing low stock levels will keep prestige markets buoyant early in spring, the leading agents of Sydney’s east and north say, though top auctioneer Damien Cooley warns of a ‘bloodbath’ should there be a late surge of listings in November and December. ‘It all comes down to realistic expectations and listening to the response to the marketing campaign… creating competitive tension and producing stellar results,’ said Luxe Listings star Gavin Rubinstein. ‘But there’s no point digging in your heels for 2021 prices because they don’t exist any more.'”

From Vietnam Net. “Falling liquidity was attributed to a surge in real estate inventories and a decline in homebuyers’ down payments, making it harder to manage businesses and cash flows, given that credit has been choked and the corporate bond issuing channel tightened. Some investors joked that a down payment is a business’ savings, as it will be recorded in an income statement. However, according to businesses’ financial statements, the first half of the year saw a decrease in down payments, while estate inventories skyrocketed.”

“Nguyen Van Dinh, chairman of the Vietnam Association of Realtors, said the housing market is entering a rebalancing phase. ‘The way things are, the market could fall into a state of being frozen, so the policies need revising to help the market rebalance and reduce losses,’ Dinh noted.”

The South China Morning Post. “Even estates that have seen the priciest HOS flats in recent years, such as Charming Garden in western Mong Kok and Fu Keung Court in Yau Yat Chuen, have reported losses and prices well below market levels for lived-in homes in August. In Charming Garden in western Mong Kok, a 484 sq ft flat sold for HK$4.64 million before premium, according to agents. It was between 18 and 24 per cent cheaper compared to similar flats in the estate.”

“A 401 sq ft flat at Fu Hong House in Fu Keung Court changed hands for HK$4.95 million at a loss of HK$350,000, or 6.6 per cent, this month, according to Full Mark Property Agency. The flat was bought for HK$5.3 million in early 2018. ‘For [lived-in] HOS homes that change hands under the current market conditions, if the owner bought at a high level from 2017 to 2019 and now wants to resell, there is a great chance of loss,’ said Derek Chan, head of research at Ricacorp Properties. ‘Wider losses are also possible, as the home price [outlook] remains bearish in the coming months.'”

From Al Jazeera. “China’s property market is in the midst of a slow-moving crisis. Real estate prices have plummeted as authorities seek to rein in unsustainable debt and market speculation. Hundreds of thousands of homebuyers are refusing to pay their mortgages for pre-sold properties as developers struggle to complete housing projects on time. Property prices declined for an 11th-straight month in July and are down as much as 30 percent compared with last year.”

“‘What China is experiencing right now is a policy-induced crisis,’ Gabriel Wildau, the managing director of risk analysis company Teneo, told Al Jazeera. ‘What I mean by that is, people have been warning about a housing bubble for many years, and for good reason, but the acute stress that the market is under right now is the direct result of very draconian restrictions on lending to developers that were imposed about a year and a half ago.'”

Related Posts
This Post Has 128 Comments

  1. FYI I didn’t see any notable videos yesterday.

    ‘Lindsay Allen, Coeur d’Alene Regional Realtors president, said there continue to be price reductions, and some homes are back in the $400,000 range, with some even below that benchmark’

    How the mighty have fallen.

        1. “Leading indicators for real home appreciation suggest that the real estate market is going to take a large downturn. This video explains the data behind these leading indicators and real home prices.”

          Ok, what am I missing? That was the very first paragraph under his vid. Also, the heading of his video states: “Don’t buy a house”

      2. “10 minutes of excellent, no nonsense, data and fundamental analyses on why the RE market will crash.”

        Yes, that was excellent. Thanks.

        1. Except that it is incorrect. If “real house price” increases, but increases less than taxes, interest and depreciation, the house does not make one more wealthy. The author clearly doesn’t understand this detail.

  2. Property prices declined for an 11th-straight month in July and are down as much as 30 percent compared with last year

    Supposedly was worth 50 trillion$, is this a lot?

    ‘homebuyers are refusing to pay their mortgages for pre-sold properties as developers struggle to complete housing projects on time’

    I’ve been thinking about this: my understanding from the ADV China guys an others is these airboxes were left unfinished on purpose. Just empty concrete shells that were like a commodity. You sell and then they sell. So what happened I think is prices stopped going up and the FB’s started squawking. Do they really need millions more vacant airboxes? Why finish them? This is what the end of a ponzi scheme looks like.

    1. one of the ADV’s latest videos were very interested. Just like car dealers in the US who will roll over owed amount in a car to the next purchase/lease (even if it was ‘behind schedule’. The Chinese property companies will offer to roll over the ‘shell apartment’ into a new unit that is fancier and will be delivered in a few years.

      What a shell game. I would trust a street hustler hosting a 3 card monty game in the Bronx more than i would trust these property developers.

      1. “Just like car dealers in the US who will roll over owed amount in a car to the next purchase/lease (even if it was ‘behind schedule’.”

        I knew a guy at an office I supported who had a 3/4-ton truck in for a repair that he couldn’t afford when the repair assessment came back, so he bought another car off their lot, a Lincoln SUV, and they rolled the former debt into the new one, just like magic.

        1. Sounds like a premeditated scam. Dealership jacks up the price of the repair to force the customer into an even worse loan. Then the dealership does the sexi-truk repair themselves for pennies on the dollar and sells it used for a nifty profit.

        2. “I knew a guy at an office I supported who had a 3/4-ton truck in for a repair that he couldn’t afford when the repair assessment came back, so he bought another car off their lot, a Lincoln SUV, and they rolled the former debt into the new one, just like magic.”

          Like magic….. Appraisal Fraud Magic. performed on a DebtDonkey.

          Have you noticed how the mere mention of appraisal fraud simply stops the conversation cold?

          Portland, OR Housing Prices Crater 22% As US Homeowners Slip Deeper Underwater

          https://www.movoto.com/or/97214/market-trends/

  3. ‘Mike Crumb, a homeowner since 2006, said the clubhouse is closed and the two golf courses that once were the glory of Diablo Grande are dead. ‘That supposed developer has not spent one penny on this development’

    That’s some red hotcakes right there.

  4. ‘Even estates that have seen the priciest HOS flats in recent years, such as Charming Garden in western Mong Kok and Fu Keung Court in Yau Yat Chuen, have reported losses and prices well below market levels for lived-in homes in August’

    There have been probably 10 craters in Hong Kong since I’ve been doing this blog. I lost count.

  5. ‘When house prices increased 30 per cent in two years it was expected that this was not normal and they would reduce back’

    Did ya mention this to people who paid a CCP virus price at the time Tim?

  6. Joe Biden is a pedophile and a serial sexual predator.

    What exactly was Ashley Biden talking about in her diary regarding “inappropriate showers” with her pedophile father?

  7. Globalists can’t silence this blog.

    The Southern Poverty Law Center is not a government organization, and has no actual authority to govern anything, despite its rather official sounding name.

    They are a private sector domestic spy agency, who have also infiltrated into law enforcement agencies, while operating with tax exempt non profit status.

    The Southern Poverty Law Center is not a civil rights organization. And by exposing who they are, and what they do, we will de-legitimize them.

    The only good globalist is a dead globalist ☠️

    1. SPLC is a activist organization with a destructive agenda to western civilization in that they are attempting to make a certain segment impoverished.

      1. This is why we have to repeat their name:

        Southern Poverty Law Center.

        Say the name, and they scatter like cockroaches when you turn on the light.

        And better yet, when the phrase “Christian Nationalist” is spoken, it’s like garlic to a vampire.

        Christian denotes that Jesus is King.

        And nationalist is a resolute rejection of globalism.

        Weimar America will fall. And be replaced by the New American Christian Nationalist Homeland.

        And the Southern Poverty Law Center can do nothing to stop it.

  10. Democrat-Bolshevik malgoverned urban cesspools get to reap the blessings of open borders and bear the costs of the resulting invasion.

    Now Texas sends migrants to CHICAGO: Gov. Abbott buses 100 to Democrat-led Windy City after forking out $12million on trips to NYC and DC due to Biden’s ‘overwhelming’ border policies

    https://www.dailymail.co.uk/news/article-11167465/Gov-Abbott-busses-100-Democrat-led-Windy-City-forking-12million-trips-NYC-DC.html

  11. Mike Crumb, a homeowner since 2006, said the clubhouse is closed and the two golf courses that once were the glory of Diablo Grande are dead. ‘That supposed developer has not spent one penny on this development,’ Crumb said.”

    Gosh, I sure hope that doesn’t impact the underlying collateral on Diablo Grande’s loans. Sounds like Mike Crumb & his fellow homeowners are Grande Schlonged.

  12. No matter how you measure it today, home prices are extremely expensive.’”

    Such a penetrating analysis is why Chief Economist Scott Anderson pulls down the big bucks. We HBB lowbrows could never discern such insights on our own.

    2. I’ve seen videos like this where a small woman throws the first punch, then gets decked. Always amusing to watch.

    1. Cem Özdemir (German Agriculture minister): “Hunger is not an argument for compromising biodiversity and climate protection”

      It’s becoming clear that these zealots:
      1) Are not afraid of losing elections
      2) Don’t care if their citizens suffer or even die.

        1. hmmm… yeah… coincidently, I was just thinking about how the senate gop purposely and deliberately handed the entire 2020 election to the dems to decapitate MAGA. It didn’t work. Deep state will take every measure to jail or otherwise deep six President and MAGA leader Trump.

          The reality is the maga genie is out of the bottle. As a good friend always told me…. “Fat Bastard….. there is no putting toothpaste back in the tube.”

          He’s right.

  17. – morningporridge.com

    – Yep! Central Banks are a plague; a deadly global virus.

    Blain’s Morning Porridge, September 1st 2022 – The Stock Market Rout Has Only Just Begun.

    “The thieves, they love a siege. Soon as the gates are sealed, they steal all the food. By the time it’s all over, they’re the richest men in town.”

    This morning– Harry Hindsight is the greatest trader who ever lived. He saw the July/August rally was just a bear trap. But, he’s not revealing his thoughts on how much further the market has to correct. Some analysts see mean reversion all the way back to 2008 levels!

    Apologies for very late, and short porridge. I had a medical appointment earlier today – and although they virtually emptied my body of blood, it was absolutely fascinating chatting to medical professionals, to the extent I’m going to use what I learnt for a piece tomorrow.

    This morning – back the usual stuff: Wither the stock market?

    Yesterday myself and some colleagues were recording the latest Shard Podcast, talking about the market outlook for the rest of this tumultuous year. We weighed the risks of recession, price to earnings ratios, declining profits, inflation eating into consumer discretionary cash, and global trade, plus a host of other stuff. We concluded there is still significant downside risk to equities, and more pain to come for longer in bond markets.

    As soon as the podcast is out, I will flag it.

    I’m pretty sure I mentioned “mean reversion” risk at one point… the basic rule of everything that all things revert back to normal, which in the case of the stock market is going to be “painful” at best.

    Yesterday we also had market legend Jeremy Grantham on BBerg warning the current stock market super bubble has “yet to pop”. He said what many of us believed about the July/August rally – it was a bear trap: a bear market rally after an initial sharp decline. Grantham cited “a dangerous mix of overvalued stocks, bonds and housing, combined with a commodity shock and hawkishness from the Fed” as further reasons to be fearful.

    The reality of mean reversion takes us right back to when the stock market was last normal – which was sometime back in the late 1990s, early 2000s before Central Banks decided their price stability mandate included market stability as a precondition to stability.

    Oh, ye Mighty, look upon my works and despair… is the lesson they have now learnt. Mess with markets, and they will mess you back.

    Central Bank monetary experiement has proved a clusterf*ck of monumental proportions. Its resulted in the most distorting period of market manipulation ever. From 2010-2021 central banks piled on Quantitative Easing and Zero Interest Rate Policy to notionally boost economic growth (which they did not) and then Governments made massive fiscal injections into the economy to combat Covid. Sweet Jesus – what a mess they made…

    The result is all that cash – trillions up gazillions of dollars – ended up not in the real economy, but in financial assets. The value of bonds and stocks went stratospheric, chasing each other higher, even though the real economy did little more than chug along. We pretended the world was changing as tech – basically someone delivering take-away food to your front door, electric batteries, or using a phone to order a taxi by app instead of an actual call – was technological miracle advancement. Doh!

    We did not see any great industrial revolution improving productivity – what we saw was the creation of millions of low paid, zero-hours type jobs and a massive imbalance in wealth equality as the rich got insanely richer on stock market gains, and inflated C-suite rewards, while everyone else got progressively poorer.

      1. While it won’t happen overnight, the outcome will be more fast food automation and fewer fast food jobs.

    2. “From 2010-2021 central banks piled on Quantitative Easing and Zero Interest Rate Policy to notionally boost economic growth (which they did not) and then Governments made massive fiscal injections into the economy to combat Covid. Sweet Jesus – what a mess they made…”

      It certainly seems like a self-induced surge in inflation caught them flatfooted.

  18. A reader sent these in:

    Global real household incomes are crashing…

    Everything is fine 🔥🔥🔥

    https://twitter.com/WallStreetSilv/status/1565035055663448064

    1/3 of US homes sold in Q1 went to investors, not to people intending to live in them. 🤔

    https://twitter.com/CT_Osprey/status/1565100488592334854

    Danielle DiMartino Booth

    WILD

    https://twitter.com/DiMartinoBooth/status/1565134446881173504

    Deja vu of 2008, a lot of bull shit is spreading about the housing market. The monthly supply of new homes is rising at the fastest rate on record. Which is why new home construction hasn’t rolled over yet (July). This will make 1980 and 2007 seem like fun by comparison:

    https://twitter.com/SuburbanDrone/status/1565138182475288581

    They said CLOs (Collateralized loan obligation) weren’t like CDO and now we find out that 75% of these loans are rated lower than junk rating (BB) and now UBS sounds the alarm

    Lowest level of interest rates in the history created the biggest bubble and we’ll find out more sh$t

    https://twitter.com/AlessioUrban/status/1565088456887652352

      1. “3/2 is a 1970’s tear down”

        Street behind me in Jupiter Fl. has 20 of them with metal roofs, impact windows, stunning kitchens and baths all built between 2014 and 2018.

  21. Linked from Revolver News:

    “Here’s a brief recap of what we know about the cover-up — much of which we are aware of thanks to a series of Freedom of Information Act (FoIA) requests. Much of the work on SARS-like CoVs performed in Wuhan was part of an active and highly collaborative US-China scientific research programme funded by the US government — primarily through the National Institute of Allergy and Infectious Diseases (NIAID), directed by Anthony Fauci, which is part of the NIH — and coordinated by the US-based non-governmental organisation EcoHealth Alliance (EHA). The group’s research work went beyond the simple analysis of existing coronaviruses, and actually involved the engineering of “chimeric” bat coronaviruses, some of which proved to be potentially more infectious to humans — a highly risky technique known as gain-of-function.

    In 2018, EcoHealth and the WIV (in collaboration with other institutions) sent a grant proposal to the Defense Advanced Research Projects Agency (DARPA), which included a plan to insert furin cleavage sites into existing bat coronaviruses — spots in the surface protein of a virus that can boost its entry into human cells. The DARPA proposal was rejected — and yet the presence of a furin cleavage site is precisely what sets SARS-CoV-2 apart from all known SARS-like coronaviruses. Did the researchers carry out the research anyway, possibly using other sources of funding? Nobel Prize-winning virologist David Baltimore stated that he considered this to be “the smoking gun for the origin of the virus”.

    In light of all this, it’s hardly surprising that in the early days of the pandemic, at the highest levels of the US establishment, the question of whether the virus might have been engineered at the WIV, possibly through research part-funded by the US government, was taken very seriously. As a result of an FoIA request, we know that on February 1, 2020, Anthony Fauci convened a “totally confidential” conference call with at least a dozen high-level experts from around the world, many of whom privately admitted that there was a very high probability that the virus had been artificially engineered and had then “escaped” from the Wuhan lab.”

    https://unherd.com/2022/08/the-lab-leak-theory-isnt-dead/

  22. Russia Today — White House deems Trump supporters ‘extremist threat’ (8/31/2022):

    “Republicans who support the Donald Trump campaign’s “Make America Great Again” slogan pose an existential threat to American democracy, White House Press Secretary Karine Jean-Pierre told reporters on Wednesday.

    “The president thinks that there is an extremist threat to our democracy,” Jean-Pierre began, arguing US President Joe Biden had been “as clear as he can be on that particular piece.”

    Implying her words had come directly from Biden, she explained, “The way that he sees it is the MAGA Republicans are the most energized part of the Republican Party … This is an extreme threat to our democracy, to our freedom, to our rights.”

    https://www.rt.com/news/561932-maga-republicans-threat-democracy-biden/

    Remember, kidz, aim for the Blue Checkmarks 🙂

    1. “White House deems Trump supporters ‘extremist threat’ (8/31/2022)”

      They’re doubling down on that sh#t aren’t they and they’re asking for trouble.

      One of these open border climate change drag queen story hour student loan forgiven zucker bucks stolen election race baiting Trump supporters are an ‘extremist threat loons is going to snatch a red MAGA hat off someone’s head and…

      https://youtu.be/OLdIKlXl3ZA?t=163

  23. 10 Things to know about the Denver Metro Housing Market
    Lara Burchfield
    Aug 31, 2022 The market has shifted and it’s no surprise. Here are a couple updates that we have seen in the last few months.
    1. Inventory was at it’s highest in July since 2012
    2. The average listing has dropped in showings per week from 18 to 2.6
    3. In March the average sales price was $832,000
    4. Since then, it has declined to $753,000
    5. In March, over 80% of homes sold above list price and 11% sold below
    6. In July, only 30% sold above list, and 52% sold below

    We will operate more similarly to the market in 2007. There will be more inventory to choose from, we will see a modest appreciation of homes, and there will be longer marketing times needed to sell.

    https://www.youtube.com/watch?v=Mao2uSnf164

    1:14.

  24. I am trying to picture the exploding heads of the MSM if Donald Trump had said a primarily African-American neighborhood that had the “highest crime rate in the country” was where “you could always tell where the best basketball in the state is or the best basketball in the city is:”

    Why Joe Biden Gets Away with Making Offensive Statements

    By JIM GERAGHTY
    August 31, 2022 10:10 AM

    President Biden, speaking in Wilkes-Barre, Pa., yesterday:

    “My deceased son, Beau, he was the Attorney General of the State of Delaware. And what he used to do is go down, in the east side, the — called the “Bucket” — highest crime rate in the country. It’s a place where I used to — I was the only white guy that worked as a lifeguard down in that area, on the east side. And you know where the — you could always tell where the best basketball in the state is or the best basketball in the city is: It’s where everybody shows up.”

    The east side of Wilmington is indeed a primarily African-American neighborhood; earlier this year, Wilmington mayor Mike Purzycki described the East Side as “neglected for decades and decades” by city, county, and state leaders. Whether or not this neighborhood in Wilmington ever had the “highest crime rate in the country,” the area has been described as “Murder Town USA” in the not-too-distant past of 2014. And yes, this is the neighborhood with the swimming pool where Biden used to be a lifeguard (now renamed after the president) as well as Corn Pop’s old neighborhood.

    https://www.nationalreview.com/the-morning-jolt/why-joe-biden-gets-away-with-making-offensive-statements/

  25. The Pedo Joe administration is being blackmailed by globalists:

    “US National Security Council spokesman John Kirby said on Wednesday that the Biden administration was preparing to announce more packages of military aid for Kiev’s beleaguered forces. Kirby’s statement came a week after US President Joe Biden authorized a record arms shipment worth nearly $3 billion.

    “There will be announcements of future security assistance in coming days,” Kirby said at a press conference.

    https://www.rt.com/news/561978-new-ukraine-aid-white-house/

    Zelensky is not a Christian.

    Every time his name is spoken, people need to be reminded that he is, in fact, not a Christian.

    And if you support him, neither are you. And you’re not a real American either. This country doesn’t belong to you.

    1. I have read that we are cannibalizing our own military inventory to supply Ukraine, and that we are quite literally disarming our own troops to do this. This goes to show just how hollowed out the US military has become. Add to that the collapse in enlistments and our preparedness is very low.

      1. well thank goodness. I believe it’s quite obvious they aren’t going to use the military overseas. They are going to use them against us. Please hollow them out faster.

        1. From what I have read, outside of elite forces like Seals and Rangers, a big portion of the rank and file aren’t all that competent. And now they are being disarmed.

      2. SSShhh…don’t let this out but there are lots and lots of us old-tired-haggard vietnam vets with long rifles in the closet that have been cleaned and preserved many times over …just in case we have to use those rifles again. Been there and done that. My thanks go out to the men and women who supplied the small number of us who lived our tour in the field. C-rations ( both hot and cold as the situation dictated ) and we never held it against those who served in support positions. We were all there for one purpose- to quietly do the job and go home. Many of this audience have never heard why Japan never invaded our homeland, Japan realized that there would be a rifle behind every blade of grass, behind every tree, and every small hill wielded by old men who have a history of warfare. Our numbers would overwhelm theirs by a large multiplier. But our politicians of today have no knowledge of what it would take to immediately set our Nation back on the correct path. Us old guys know how to do the job and then fade in the background, not to be seen again until the next time.
        SSG 3Bn 8Inf 4 Infantry Division Steadfast and Loyal Tip of the Spear

      3. Maybe learning Chinese now can help one become a collaborator?

        Maybe they will get an extra insect allowance!

  26. What does professional baseball have to do with globalist pedophiles?

    “An analysis by National Review shows an unseemly trend among 20 Major League Baseball teams supporting organizations that perform sex change operations on children.

    The magazine reviewed the causes and organizations to which these teams are handing out millions of dollars in donations and found that many support sex-change surgery, hormone treatments, and other dangerous procedures for “transitioning” teens and pre-teens.

    National Review found that almost every team in the league “promote or fund groups that encourage or provide sex-change procedures and gender-transition hormone treatment for minors as young as 12. Other organizations promote ‘social transitions’ — i.e., nonmedical changes in ‘gender expression,’ including the adoption of new names, pronouns, and clothing — for children as young as three.”

    https://www.breitbart.com/sports/2022/08/31/report-20-mlb-teams-promote-fund-groups-perform-child-sex-change-operations/

    Children as young as three?

    If you read all the surnames of the globalist pedophiles promoting this, you notice patterns in the names.

    Name those names. Say those names out loud, and notice the patterns.

    1. I haven’t been to a ball game in over ten years. But, yeah, keep it up MLB. YOu might find yourself playing in empty ballparks. And MLB teams are dependent on ticket sales.

      1. “YOu might find yourself playing in empty ballparks.”

        The only MLB I see is the Marlin highlights when I haven’t gotten around to changing the local news after the weather and from what I have seen they are already playing in empty ballparks.

        1. Unlike the National Felon’s League, MLB teams are very dependent on ticket sales. Sure, they get some TV money, but nothing like the NFL. So “popular” teams, like the Dodgers, Yankees, RedSox, Cubs, etc. sell lots of tickets. B market teams play in mostly empty stadiums.

          I’ve been to Rockies/Dodgers and Rockies/Cubs games where the visiting team caps handily outnumbered the Rockies caps in the seats.

  27. Latest gem from West Orlando area:
    4bed
    3bath
    2,343sqft2,343 square feet
    5,847sqft lot5,847 square foot lot

    979 Huntspoint St,
    Winter Garden, FL 34787

    Property Type
    Single Family
    Year Built
    2019

    Price History
    Date Event Price Price/Sq Ft Source
    08/31/2022 Sold $740,000 $316 StellarMLS
    06/29/2022 Price Changed $799,000 $341 StellarMLS
    06/16/2022 Price Changed $820,000 $350 StellarMLS
    06/03/2022 Listed $838,000 $358 StellarMLS
    10/24/2021 Listing Removed $2,850 $1 StellarMLS
    09/04/2019 Sold $520,000 $222 StellarMLS
    04/19/2019 Sold $445,145 $190 StellarMLS
    11/20/2018 Price Changed $464,332 $198 StellarMLS
    10/02/2018 Listed $456,000 $195 StellarMLS
    03/15/2018 Sold $396,756 $171 Public Record
    04/11/2017 Sold $286,000 $124 Public Record

      1. Please note this house actually sold. Note that my posting is for area code 34787 not the greater Orlando (east) area.

  29. Just Days After Phasing Out New Gas Cars, California Says “Avoid Charging EVs” Amid Grid Emergency

    Published 15 hours ago on August 31, 2022
    This article was originally published by Zero Hedge

    Update (1820ET): Shortly after 1800ET, just as Californians begin to head home for the day, the California Independent System Operator issued a level-1 energy emergency alert shortly after tapping all its available power supplies.

    Despite earlier warnings to reduce usage, Californians – in all their self-righteous virtue – decided to charge their EV anyway, pushing demand above capacity

    https://www.nxtmine.com/energy-metals/just-days-after-phasing-out-new-gas-cars-california-says-avoid-charging-evs-amid-grid-emergency/

      1. Outsourcing industry in CA that burns clean natural gas to China burning coal saves the planet how ? Shutting down power plants in CA and importing electricity from neighboring states saves the plant how ? No I2R drop ( loss due to resistance in long transmission lines from far away ). When all the west heats up like now I don’t think neighboring states will be sending power to CA no matter how much more CA will pay. And low water levels cuts hydroelectric power because CA wont pump water to storage during heavy rains. Just run it out to the ocean. Don’t I repeat don’t let Newsom be president of the USA .. which is what hes setting up for.

        1. Don’t I repeat don’t let Newsom be president of the USA .. which is what hes setting up for.

          A true nightmare scenario: he’s young, good looking and articulate. If his timing is right, I could see him winning.

        1. 25% of Clownland’s power was imported. And with millions more electric cars it can only go up. If that gets cut off, it would be pure mayhem.

  31. Huge Voter Fraud in NH, Auditor Says

    There was massive cheating in the 2020 election in New Hampshire including “phantom voters” voting from houses they did not live in, warned auditor and New Hampshire Voter Integrity Group leader Marylyn Todd in this interview from the Moment of Truth Summit with The New American magazine’s Alex Newman. These irregularities were easily enough to affect the outcome, with Todd saying that some towns had more people voting than the number of people registered to vote. Machine shenanigans were everywhere, too. Todd, who helped represent her state at the summit, also described how Governor Sununu ordered state police to arrest her and numerous other peaceful activists for expressing their concerns. The whole story will be coming out on documentary soon.

    https://www.bitchute.com/video/VX9Jv7pIMOCr/

    9:15.

  32. COVID vaccines are poison:

    “An order from the 11th U.S. Circuit Court of Appeals last week found that President Joe Biden’s COVID-19 vaccine rule for federal contractors is too broad, a decision that comes at a time when public polling indicates concerns over the pandemic are waning.

    The appeals court’s Aug. 26 decision gave the Biden administration a limited win by narrowing a nationwide injunction by a federal court in Georgia that blocked the mandate last year. However, the panel’s majority on the court contends the plaintiffs challenging the mandate “will likely succeed” in their claims at a trial court level.”

    https://www.washingtonexaminer.com/policy/courts/federal-vaccine-mandate-struggles-in-court

    We are taking our country back from these globalists.

    Remember, always aim for the Blue Checkmarks 🙂

    1. Harry Dent: Crash of a Lifetime Is Here; Sell Stocks Now
      By Jane Wollman Rusoff
      August 29, 2022 at 04:52 PM

      Strategist Harry Dent Jr., “The Contrarian’s Contrarian,” has been predicting “a great reset of the biggest financial asset bubble in history” for some time. Now it is here, he tells ThinkAdvisor in an interview.

      “The biggest crash of our lifetime is in progress,” he declares. “We’re probably about 30% of the way into it. I’m calling this ‘Tech Wreck 2’ because it’s the second crash led by tech stocks.”

      Dent is strongly recommending that investors “Get out of risk assts. This is your last chance to sell. Get out of the way of the crash! Sell right now!” he urges.

      “You don’t wait [till fall]. The market will go down harder and faster” than it did earlier this year, he says. By the end of 2022, it will be at “new lows. By then it will be too late for most.”
      …
      https://www.thinkadvisor.com/2022/08/29/harry-dent-crash-of-a-lifetime-is-here-sell-stocks-now/

    2. Yahoo
      Fortune
      One of Wall Street’s best bubble spotters says we’re still in the middle of a ‘superbubble’ that hasn’t popped yet
      Will Daniel
      Wed, August 31, 2022 at 2:13 PM·3 min read

      Jeremy Grantham is among Wall Street’s most respected investors.

      The cofounder of Boston asset manager GMO is well known for having predicted Japan’s asset price bubble in the 1980s, the dot-com bubble of the late ’90s, and even the U.S. housing blowup that came before the 2008 financial crisis.

      Now the 83-year-old Wall Street veteran is arguing that despite the stock market’s struggles this year, the economy’s real downturn has yet to come. Grantham has been warning of a brewing “superbubble,” and he says it’s yet to pop.
      …
      https://finance.yahoo.com/news/one-wall-street-best-bubble-211330123.html

    3. Updated Thu, Sep 1 20221 1:24 AM EDT
      Stocks fall to start September as market reels on worries of rising rates
      Sarah Min
      It’s too early for investors to pile into the market, says G Squared’s Victoria Greene

      U.S. equities fell Thursday, the first day of September, as traders continued to fret over the potential for higher Federal Reserve rates.

      The Dow Jones Industrial Average fell by 134 points, or 0.4%. The S&P 500 and Nasdaq Composite declined 1% and 2.1%, respectively.

      All of the major averages are on track to finish the week lower. The Dow is set to post a nearly 3% decline, while the S&P and Nasdaq are on pace to end down about 3.5% and 4.5%, respectively.

      The moves came as the 2-year U.S. Treasury yield rose to 3.516%, the highest level since November 2007, at one point Thursday.
      …
      https://www.cnbc.com/2022/08/31/stock-market-futures-open-to-close-news.html

    4. ‘Big Short’ investor Michael Burry warned the biggest market bubble in history would end with the ‘mother of all crashes.’ He just hinted the collapse is now underway.
      Theron Mohamed
      Sep 1, 2022, 6:41

      – Michael Burry indicated that the stock-market collapse he predicted is now underway.
      – The “Big Short” investor joked that his followers are still asking him when the crash is coming.
      – Burry has suggested the S&P 500 could plummet by another 53% before bottoming out.
      …
      https://markets.businessinsider.com/news/stocks/big-short-michael-burry-stock-market-bubble-crash-twitter-spx-2022-9

    5. There seems to be no shortage of bubble popping porn out on the internet these days.

      Got pop porn?

      1. Markets
        Pimco’s Browne Sees Market Bottom in Early 2023 on Weak Demand
        – Earnings to turn negative on year-on-year basis in 4th quarter
        – Sees S&P 500 Index falling to between 3,500 and 3,750

        By

        Natalia Kniazhevich
        September 1, 2022 at 10:42 AM PDT

        Stocks are facing rough times between now and the first part of 2023, as Federal Reserve rate hikes and weakening consumer spending squeeze corporate profits, according to Erin Browne, portfolio manager for multi-asset strategies at Pimco.
        …
        https://www.bloomberg.com/news/articles/2022-09-01/markets-bottom-in-early-2023-on-weak-demand-pimco-s-browne-says#xj4y7vzkg

      2. The Financial Times
        Markets Briefing Equities
        US stocks extend decline into new month on darkening outlook
        Nasdaq leads drop on Nvidia semiconductor news and expectations of further monetary tightening
        Pedestrians in front of the Nasdaq MarketSite in New York
        The Nasdaq Composite earlier on Thursday fell to its lowest level in a month before regaining ground
        Kate Duguid in New York and Harriet Clarfelt in London 48 minutes ago

        Stocks on Wall Street dropped and the dollar jumped on Thursday as investors fled riskier assets following gloomy data from China and ahead of US jobs numbers.

        The Nasdaq Composite, with a high concentration of US tech stocks, was trading down 1.2 per cent in the New York afternoon after earlier falling to its lowest level in a month. Investors ditched stocks in the index as they braced for further tightening in the money supply, which could cool the economy.

        “The move in the Nasdaq is a continuation of what we’ve seen in the last month. High multiple growth stocks are the easiest place to take off risk,” said Mark Stoeckle, chief executive and a portfolio manager at Adams Funds.

        Wall Street’s blue-chip S&P 500 had declined by 0.3 per cent, down for a fifth straight day and was on track for its longest losing streak since mid-July. In Europe, the Stoxx 600 index ended the day 1.8 per cent lower.

        Fresh lockdowns in China in response to Covid-19, and weak manufacturing data from the country, stoked investor worries that the global economy is faltering. Meanwhile, investors bet on higher interest rates in the US on expectations that the labour department will report that hiring remains robust in its monthly employment report on Friday.

        “We have seen a lot of risk being taken off,” Stoeckle said.
        …

  34. Your property taxes are paying for this:

    “Emails from librarians who brought cross-dressing performers to Republican-leaning Saint Louis suburbs this summer illustrate how easy it is for a few public employees to hijack tax-funded resources to promote sexual behaviors to children.

    Emails obtained by The Federalist show just a few local librarians in Collinsville and Glen Carbon, Illinois, working with other librarians to use their public positions to promote personal causes. The Collinsville and Glen Carbon Centennial public libraries this summer featured “drag queen storytime” events on June 3, 7, and 21 to promote homosexual “Pride Month.”

    National surveys show the profession is overwhelmingly white and female — 87 and 81 percent, respectively, in a 2014 American Library Association (ALA) survey. That’s the same demographic becoming Democrats’ most significant voting bloc and often the most likely to push identity politics, often for personal psychological reasons.”

    https://thefederalist.com/2022/08/31/so-excited-emails-show-local-librarians-recruiting-drag-performers-for-kids/

    Personal psychological reasons? Every single one of these demons has been granted a Blue Checkmark from Twitter.

    How many of these librarians own guns? None of them.

    1. Your property taxes are paying for this:

      PUSD teachers and staff have a professional growth day on 9/18. The key note speaker, Shelley Moore (3m8s), will be speaking about “inclusive education with a lens of intersectionality of LGBTQ+ and disability.” Meanwhile, PUSD has trouble staffing transportation and providing instructional assistants because the district doesn’t pay enough.

      1. And that’s Poway, the gold standard in San Diego. I knew people who moved to Poway specifically for the schools. I can only imagine just how bad other San Diego area school districts are.

        1. A lot of people move to the PUSD specifically for its special education program. Pushing the LGBTQ+ agenda to kids with intellectual disabilities is grooming.

          1. I remember back during my HP days when coworkers would buy houses in the RB area. Flyers would proudly proclaim “Poway schools” on them.

            I also remember back then that parochial schools often had waiting lists. I wonder if that is still true? Given the cost of housing, can anyone still afford private schools? I took a look at the parrochial in Escondido. Almost $7000 per year.

          2. $7K is cheap for a private school. Check out Francis Parker School, The Bishop’s School or Cathedral Catholic High School. I wouldn’t be surprised if their tuition is 5x that. IIRC, Westlake School for Girls when I attended in the late 80s was roughly $7K/year.

          3. $7K is cheap for a private school. Check out Francis Parker School, The Bishop’s School or Cathedral Catholic High School.

            Francis Parker School – 36k – 42k (1st – 12th grade)

            The Bishop’s School -41k

            Cathedral Catholic High School – 21k

            Note these are TUTION only. Not including athletic fees, uniforms, lunches, and books/supplies

  35. Has Gavin Newsom’s California phase out of state-of-the-art automotive technology doomed oil prices?

    1. Power companies should build massive gas fired power plants on the boarders of CA to secretly supply CA with energy while CA shuts down all its power plants and puts up solar farms. They could sneak it in to the solar farms networks and pretend its all ” green ” .

      I knew a technician who tried that , made elaborate linear power supplies which folded over at load so he secretly wired up Agilent power supplies and hid them behind the benches. Found this out after company fired him and I had to take over the mess. I still laugh at it tracing these big fat cables down and behind the benches. Good times.

  36. What ever happened to discrimination laws, Civil Rights laws, Constitution and Bill of Right laws, that has been long standing law? What happened to the laws against sexual crimes and grooming against children. What about whites being banned from job application , which was done in Nazi Germany to the jews.
    What about the attack on the unvaxxed, and loss of job and other punishment for lack of compliance to a expierment fake vaccine.
    This takeover is breaking the law in everyway , acting like fake news narrative is the Law. Than the burden is put on people to take back in Judicial system what has been violated.
    Now you got the fake President Biden calling over half the Country simi- fasist, willing to use the full force of military and FBI to attack them, as if a political view is against the law.
    Its the Globalists who are breaking the US standing law, to usher in this One World Order, no sovereign states, Great Reset insurrection. They are the International terrorists .
    Where is the law that says citizens can’t challenge election fraud, state their political view, dispute fake narratives by fake news, not be fired or slandered or deplatformed , if you don’t agree with fake news, fake vaccine, fake elections, etc.
    The Globalists terrorists are using captured Gov agencies to take over and commit epic crimes against humanity.
    Bill Gates/ Rockerfeller/ Big Pharmacy infiltration of CDC , WHO, FDA, EPA ,fake news etc is clear. George Soros using money to break down law and order, and get the OPEN border invasion globally.
    They get the corrupted Government to agree to these policies and they all act together.
    Powerful if you can shut down the globe over a contrived Panademic , make people wear useless masks, than shoot them up with fake vaccines repeatedly.
    Nobody wants this Great Reset New World Order these tyrants propose and plan.
    The inhabitants of the Globe don’t want bugs for dinner, no fossil fuels, no free will, being hacked and mandated injections of posion.
    What they are really saying is they want to kill you, enslave you, hack you, because they want a utopia for them.
    There isn’t anything about their Great Reset that isn’t deprivation and poverty and taking all that sustains humanity. There isn’t anything about them that isn’t fraud.
    They think the measure of a person is how much money they amass by parasite looting, and rigged systems. Or the part of group that think they are Blue Blood royalty, or satanic cults .
    Just listen to them talk and its clear they are crooks, wackos, psychopaths, parasites, fraudsters, demons, racists, murderers, perverts, power mongers, and control freaks, that think they are Gods.
    They have caused most of the conflict in the world, and they need to be eliminated, not humanity. They are actually small in number.

    1. I enjoy reading these posts.

      The moral rot of this country is beyond salvation at this point. It’s time to break it apart, and the part I will live in will be 100% free of globalists.

      Antifa (i.e. Democrat Party paramilitary terrorists) were brandishing guns in Texas last week to “protect” the attendees and performers at a drag queen show targeting children.

      It’s beyond Weimar Germany now, these people need to face frontier style justice, no judge or courtroom needed.

      Groomers can burn in Hell 🔥

        1. “Despite the brouhaha over the drag performance, the brunch at Anderson Distillery & Grille was a sold-out event.”

          Looks to be at least Five-Hundred-Thousand-Dollars worth of forgiven student loan debt at the “Barrel Babes Drag Brunch” .

        1. There will be a forced separation.

          And note that the term Christian Nationalist is not racially exclusionary. It means that no Godless communist baby killing child groomers will be allowed.

          Let those parasites and usurpers keep New York and California and all the A.I.D.S. and monkeypox.

          We are running out of time for a peaceful resolution to this.

          And once we do, the gloves are OFF.

          Communist Antifa John Brown Gun Club won’t last 5 minutes outside of any Democrat Party sh*thole city.

          1. We are running out of time for a peaceful resolution to this.

            I think we already ran out of time. The swamp has declared that half of the country are enemies of the state. Since they can’t put us all into a gulag, they will wager economic war against us: frozen accounts, property confiscation, audits and, the really big gun: they will seize your children and hand them over to pedophiles if you refuse to comply.

    1. When Deuteronomy and Leviticus were written down some 6,000 years ago, what did those ancient people know then, that we refuse to acknowledge now?

      Monkeypox is Nature’s way of rewarding degeneracy.

    1. “Minneapolis Federal Reserve President Calls CBDCs Useless Unless Used For Chinese Totalitarianism”

      So the 87,000 new IRS agents can work from home.

  41. $335,000 3 bd 2ba 1,878 sqft
    Price cut: $15K (8/30)
    7790 E Oxbow Dr, Kingman, AZ 86401

    https://www.zillow.com/homedetails/7790-E-Oxbow-Dr-Kingman-AZ-86401/191816694_zpid/

    Date Event Price
    8/30/2022 Price change $335,000 (-4.3%) $178/sqft

    8/6/2022 Price change $350,000 (-1.3%) $186/sqft

    7/25/2022 Price change $354,500 (-2.7%) $189/sqft

    6/14/2022 Price change $364,500 (-4%) $194/sqft

    5/30/2022 Price change $379,500 (-2.6%) $202/sqft

    5/14/2022 Listed for sale $389,500 (+9887.2%) $207/sqft

    7/29/2020 Sold $3,900 (-7.1%) $2/sqft

    This is new construction. Again, putting a near ‘400k’ shack on a 4k lot.

  43. Someone just told me the mass migration that has been happening for two years has absolutely nothing to do with easy debt flooding the market with fake money so any idiot could buy a shack for exorbitant amounts of money.

    Gosh, I really have no patience for stupid.

  45. “President Biden on Thursday warned that former President Trump and Republicans aligned with him pose “a threat to this country,” in a political primetime speech that frequently referred to his predecessor and some of his GOP supporters as a danger to democracy.”

    How old was your daughter Ashley Biden when you stopped taking showers together?

    “Not every Republican, not even a majority of Republicans, are MAGA Republicans. Not every Republican embraces their extreme ideology,” he said. “But there’s no question that the Republican Party today is dominated, driven and intimidated by Donald Trump and the MAGA Republicans. And that is a threat to this country.”

    The threat to this country is Marxism.

    “Trump-backed candidates, many of whom have openly claimed without evidence that the 2020 election was fraudulent or that Biden is an illegitimate president, will be on the ballot at the state and federal level in November.”

    The 2020 election was stolen.

    https://thehill.com/homenews/administration/3624954-biden-trumps-influence-on-maga-republicans-a-threat-to-this-country/

    In this episode of Real Journalists Lie, The Hill reports that Joe Biden won the 2020 election.

    The 2020 election was stolen.

    2. Next step: after some false flags they declare an emergency and cancel the 2022 elections, to “save democracy”

  46. Jean-Pierre maintained while listing examples of a “dangerous trend” of Republicans allegedly advocating violence,

    “Just last week, you had Gov. Ron DeSantis [who] suggested that Dr. Fauci should be physically assaulted,”

    “I’m just sick of seeing him! I know he says he’s gonna retire—someone needs to grab that little elf and chuck him across the Potomac,” the governor exclaimed to raucous cheers.

    https://nypost.com/2022/08/31/karine-jean-pierre-slams-ron-desantis-for-joke-about-dr-fauci/

    https://www.thedailybeast.com/desantis-rages-about-little-elf-fauci-says-to-grab-him-and-chuck-him-across-the-potomac

Comments are closed.