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Once You Sign The Dotted Line, There’s No Going Back

A report from WINK in Florida. “‘People are still trying to get the price their neighbor got in maybe March. And they’re not getting it. But they’re still listing it as if that’s the market,’ said broker Jason Jakus. ‘Where there was a frenzy in multiple offers. We’re not seeing as many multiple offers as we’re seeing in March April and May.’ Jakus told WINK News the supply in Cape Coral has also improved. In April they saw a low of six weeks of inventory. As of Wednesday, it has improved to four months of inventory.”

From CNBC. “Some homeowners are losing wealth as high mortgage rates weigh on home values, at least on paper. Roughly 85% of major markets have seen prices come off peaks through July, with one-third coming down more than 1% and about 1 in 10 falling by 4% or more. From April through July, San Jose, California, lost 20% of its tappable equity, followed by Seattle (-18%), San Diego (-14%), San Francisco (-14%) and Los Angeles (-10%).”

The New York Post. “‘Some of the nation’s most equity-rich markets have seen significant pullbacks, most notably among key West Coast metros,’ said Ben Graboske, president of Black Knight Data & Analytics. ‘Keep in mind that of the roughly 275K borrowers who would fall underwater from a 5% price decline, more than 80% purchased their homes in the first six months of 2022 – right at what appears to have been the top of the market,’ Graboske added.”

From Fortune. “Nearly three in four Americans have at least one regret about their new home or the homebuying process, according to a new survey. ‘I had people that would tour houses, and on the first day they would write offers because they didn’t want to miss out,’ says Joey Jewell, a Wisconsin-based realtor. ‘Given the period of time that we were in, I think [having at least one regret] was sort of almost unavoidable. But it’s not that you were necessarily making a mistake. It was whether you wanted to buy or hold off, and a lot of people chose to buy.'”

The Salinas Californian. “A typical Monterey County home listed for $959,500 in August, up 1.1% from the previous month’s $949,000, an analysis of data from Realtor.com shows. The median list home price in August was down about 19.3% from August 2021. Monterey County’s median home was 1,817 square feet for a listed price of $586 per square foot. Across all of California, median home prices were $725,000, falling 3.2% from a month earlier. The median California home for sale had 1,756 square feet at list price of $431 per square foot. Across the United States, median home prices were $435,050, down 3.1% from a month earlier. The median American home for sale had 1,890 square feet, listed at $222 per square foot.”

Colorado Biz Magazine. “Buyers looking for homes in Eagle County have newfound hope with the recent summer-selling season market shift. Active residential listings have more than doubled over the past two months, from 150 to 376, with 75 new listings coming to market during a recent one-week period. We are still a little too close to know for certain, but there are indicators that the top of the market was in March or April, so sellers must be careful about their pricing.”

“Shooting for the moon on pricing right now may cost sellers time and money in the long run. Yes, special and unique properties will always garner the highest prices, even in this changing market. However, if the property is similar to the one down the street, the idea of pricing the subject home 10% higher than the last sale may get sellers in trouble. Gone are the days of ‘it doesn’t matter what condition your home is in, it will sell.’ If there are deferred maintenance items with your home, it’s important these get addressed. They will come up in inspections and with more options available, buyers have more negotiating power.”

“The smart seller will work with their broker to price it right and let the buyers dictate the top market value. If there are multiple price reductions within a given segment of the market, buyers are more likely to wait and watch sellers negotiate against themselves with price reductions.”

The Las Vegas Sun. “Home prices in Southern Nevada retreated for a third consecutive month in August, according to a report. The median price for a home in the Las Vegas Valley last month was $450,000, down about 3% from July, the Las Vegas Realtors trade group reported. The August figure was down from a record median price of $482,000 in May. At the end of last month, Las Vegas Realtors reported just under 8,000 single-family homes for sale without any type of offer. That was up 146% from August 2021. It has been three years since the valley has had so many homes on the market, said Brandon Roberts, president of the trade group. About 2,600 homes, condos and townhomes sold in Southern Nevada in August.”

From Fox News on Oregon. “As Portland residents have started speaking out against far-left politicians over the homeless crisis and crime surge fueling an exodus from the city, a local real estate broker is describing the difficulty of offloading these for-sale properties. ‘We have people all around us that are making the decision to turn around and leave,’ Portland’s The Fields Bar & Grill owner, Jim Rice continued. ‘They’re selling their places literally at a loss just to be able to get out of Portland. They’ve lost faith in the local government.'”

From WFAA TV. “The North Texas housing market is starting cool. ‘Consumers are basically saying, ‘You know what? I don’t want this mortgage loan any longer because I can’t afford that monthly payment.’ And then, of course, when you start tacking on things like escrows for property taxes and escrows for homeowners insurance, that monthly payment is going to be considerably higher than it was last year at this time,’ says credit expert John Ulzheimer.”

“Ulzheimer is hearing from more buyers who want to back out of their mortgage. ‘If you back out at that point, then you’re going to go through the foreclosure process, the lender is going to take the home away from you, they’re going to sell it, it’s just a mess,’ Ulzheimer explains. ‘You can list the house and sell it and hopefully you can sell it for enough to cover the amount that you borrowed. Or you can ask the lender for forbearance or some sort of loan modification.’ Because once you sign the dotted line, there’s no going back.”

The Dallas Morning News in Texas. “One of the nation’s largest mortgage lenders is cutting over 500 jobs at its Farmers Branch office, adding to a flurry of industry layoffs after a huge drop in demand for home loans. Ann Arbor, Mich.-based Home Point Financial Corp., also known as Homepoint, plans to lay off 526 employees beginning Nov. 1, according to a notice filed with the Texas Workforce Commission. Other major mortgage lenders have made drastic changes to their workforces in response, including Plano-based First Guaranty Mortgage Corp., which cut more than 400 jobs this summer, and Coppell-based Mr.Cooper Group Inc., which has laid off almost 700 people since the start of the year.”

Canadian Budget Binder. “Today I’ll guide a financially strapped couple after buying an overpriced pandemic home. Dear Mr. CBB, Unfortunately, this isn’t going to be a happy email, and I’m saddened to seek out help for my family. My name is Tony, and I’m married to my wife, Rina, to whom we have a 3-year-old son. Recently we purchased a home after struggling to win a bid, so we took whatever we could get.”

“Unfortunately, we already feel the financial pressure of owning our 1000-square-foot bungalow. We bid on the house because we couldn’t find anything else and needed somewhere to live. Sadly, like most home buyers during this mess, a seller’s market had no conditions meaning no home inspection. Looking back, we made a big mistake, but we can’t go back, but we can move forward.”

The Sydney Morning Herald in Australia. “Serehnonn and Dominic Lowe bought their first home during the property boom last year to lock in some certainty after six years of renting in Sydney and in the hopes of starting a family. That was upended when the Lowes’ mortgage repayments went up less than six months after taking out a home loan with a rate they expected to hold steady after Reserve Bank governor Philip Lowe said he did not expect rates to rise before 2024.”

“Since they bought in December, the cash rate has gone up five months in a row, including another increase of 50 basis points on Tuesday to 2.35 per cent. The couple borrowed less than the bank suggested and bought in their home town of Newcastle – where housing was cheaper than Sydney, which wasn’t even an option – but they are still feeling the pinch. ‘We definitely didn’t expect it to be raised so quickly,’ Serehnonn said. ‘It’s just already such an expensive time buying a home and to have that thrown on top, that is definitely tough.'”

“Now their plans of starting a family have been put on hold as rapidly rising rates affect their savings buffer. ‘We bought thinking we needed to get into the property market. We were so scared we were going to miss out,’ she said.”

The South China Morning Post. “The debt crisis in China’s property industry is spiralling deeper into the abyss, as interim results from the country’s biggest developers showed most of them struggling to generate enough cash to service their loans amid a slowing economy. ‘It is a tough overall situation right now. The developers have much less cash to pay their debt, and are unable to get financing offshore and onshore,’ said Raymond Cheng, property analyst at CGS-CIMB Securities.”

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This Post Has 111 Comments

  1. ‘The developers have much less cash to pay their debt, and are unable to get financing offshore and onshore’

    So you stop paying yer bonds and they don’t want to lend you more money. I’ll have to think about that.

  2. ‘Roughly 85% of major markets have seen prices come off peaks through July, with one-third coming down more than 1% and about 1 in 10 falling by 4% or more. From April through July, San Jose, California, lost 20% of its tappable equity, followed by Seattle (-18%), San Diego (-14%), San Francisco (-14%) and Los Angeles (-10%).’

    ‘Keep in mind that of the roughly 275K borrowers who would fall underwater from a 5% price decline, more than 80% purchased their homes in the first six months of 2022 – right at what appears to have been the top of the market’

    Underwater? Wa happened to my red hotcakes?

    1. And these buyers who bid over asking are not just underwater, they’re at least an atmosphere or two underwater!

    3. “From April through July, San Jose, California, lost 20% of its tappable equity, followed by Seattle (-18%), San Diego (-14%), San Francisco (-14%) and Los Angeles (-10%).’”

      How are people going to get cash if their trappable home equity dries up? Will they have to rely on their credit cards?

      1. “Will they have to rely on their credit cards?”

        And the recently raised variable interest rates?

        24% anyone?!

    4. “…more than 80% purchased their homes in the first six months of 2022 – right at what appears to have been the top of the market’”

      It freaks me out that my two nieces managed to both get sucked into this tsunami crest of home purchases.

  3. Eagle County is a county located in the U.S. state of Colorado. As of the 2020 census, the population was 55,731.[1] The county seat is the Town of Eagle and the most populous community is Edwards.[2] The county is named for the Eagle River.

    Eagle County comprises the Edwards, CO Micropolitan Statistical Area.

    BF Egypt.

    2. I was there last week.

      Vail and Beaver Creek ski areas dominate the economy there. It’s just like every other resort area of Colorado, all the poors live down valley and make long commutes. Understaffed restaurants and retail, etc.

  4. ‘We have people all around us that are making the decision to turn around and leave…They’re selling their places literally at a loss just to be able to get out of Portland’

    You gotta roll with it Jim.

    1. “…They’re selling their places literally at a loss…”

      But wait! Suzanne said we can do this!

      What happened to all those feed the squirrels / waive inspection / overbids?

    2. They’re selling their places literally at a loss just to be able to get out of Portland

      I won’t even stop in Portland anymore. In fact, I drive around it completely.

  5. ‘We bought thinking we needed to get into the property market. We were so scared we were going to miss out’

    Well, it was cheaper than renting Serehnonn.

  6. “Nearly three in four Americans have at least one regret about their new home or the homebuying process”

    Winnahs?

    You don’t need electrical to pass inspection.

    1. “You don’t need electrical to pass inspection.”

      Here’s what gets me about the whole inspection narrative. These inspections aren’t for code compliance or rough in inspections. They’re simply an assessment of condition. I’ve read a few of these “inspections”. I’m not sure they’re worth the paper they’re written on.

      Dorchester, MA Housing Prices Crater 27% YOY As Boston Housing Market Falls Into Foreclosure Abyss

      https://www.movoto.com/ma/02124/market-trends/

      1. “I’ve read a few of these “inspections”. I’m not sure they’re worth the paper they’re written on.”

        These home inspectors usually have a lengthy checklist to work through, and “they’re from the area” if the buyer is not local and is not aware of local issues such a flood zones and mold, fire risk, etc.

        1. Then what governs these inspections? Nothing that I’m aware of. It’s simply “is the material in a condition that serves it’s intended use” is all I can think of. That’s not a very high bar. In construction we have a million and a half standards to go by like ACI, ASME, SMACNA etc and testing standards like ASTM. Not to mention code, drawing sets and specs… Basically a construction contract. All of it has to meet or somebodys writing more checks.

          Charleston, SC Housing Prices Crater 27% YOY As Land And Lot Prices Plummet

          https://www.movoto.com/charleston-sc/market-trends/

          1. How to do an inspection.

            First, call the sewer guys and get the sewer/septic video. It’s somewhat expensive (around $250 ish) and it can be a deal breaker, there’s no point to go forward with the rest of the inspections if it’s time to walk away).

            Get an electrician and a plumber (HVAC and water) and a carpenter/GC to meet at the house and let them go inspect. Usually takes an hour (maybe 2) of their time. You don’t really need a written report, what you need is a list of what’s wrong. (and probably prices to correct). This is the easiest money the tradesmen will make all day and it many times leads to more work. They’ll schedule you in to do this. So you’ve got $300 ($100/hr 3 hours) to $600 (BIG house) in cost here. And you run around and check all the appliances and such.

            But now you have leverage. It’s not just some night school inspector (which BTW cost $600 to $800 and you still need the sewer tape anyway) it’s real licensed professionals. Hey this is wrong, YOU (the seller) need to fix this. If you won’t fix it, then I’ll expect it to be now listed on the disclosures. (since they are now aware. and if you do walk away from the deal, always worth writing the new other owners to make sure they were aware too also tear up the Realtor on their “code of ethics” for not revealing now known facts.

            The inspection isn’t to give you piece of mind, it’s the price you pay to know if you should walk away. $1000 is money well spent from not buying some POS.

            But home inspectors are a joke.

          3. LGC’s plan is the right one.

            MIL got a “home inspector” here on FL that took a few snap shots, uploaded them in some stock home inspection SaaS, printed it out with comments like “electrical outlet loose”, “3 deck boards need replacement”, and “door weather stripping torn”, and presto – $700 inspection.

            In FL, if AC is 10 years old or roof is 15 you lower your offer.

          4. $1000 is money well spent from not buying some POS.

            You think these zero down mouth-breathers have a grand? Hellz no…

  7. In #ClownWorld, even black teachers can be fired for not pushing diversity hard enough in the classroom to suit fanatical PC Commissars imposing globalist agendas.

    Black teacher wins constructive dismissal case against college after being ‘berated, humiliated and racially stereotyped’ by assessors

    https://www.dailymail.co.uk/news/article-11193177/Black-teacher-wins-constructive-dismissal-case-against-college-humiliated-assessors.html

    An English teacher who argued she was promoting equality and diversity simply by being black and teaching mainly white students has won a legal case after being given ‘humiliating’ feedback on her lessons.

    Betty Knight was accused of not doing enough to promote equality and diversity and was put on an improvement plan after being monitored for just 25 minutes at Havant and South Downs College in Hampshire.

  8. “Some homeowners are losing wealth as high mortgage rates weigh on home values, at least on paper.

    Fake wealth created by Yellen Bux confetti money.

    1. “Some homeowners are losing wealth as high mortgage rates weigh on home values, at least on paper.

      That’s not wealth. Somebody’s a lion…

  9. ‘I had people that would tour houses, and on the first day they would write offers because they didn’t want to miss out,’ says Joey Jewell, a Wisconsin-based realtor.

    These lemmings who make housing unaffordable for the prudent and responsible deserve to be financially obliterated. I’m going to enjoy watching it happen.

  10. Yes, special and unique properties will always garner the highest prices, even in this changing market.

    “This listing is special. You guys can do this.” — Suzanne

  11. The Financial Times
    European Central Bank
    ECB raises rates by 75 basis points
    Central bank increases eurozone borrowing costs to their highest level since 2011
    A tram approaches the ECB building in Frankfurt
    This is the second consecutive increase in borrowing costs by the ECB, which raised rates in July for the first time in more than a decade
    Martin Arnold in Frankfurt 24 minutes ago

    The European Central Bank has raised interest rates by 75 basis points to tackle record inflation, despite fears that the eurozone is already heading into recession because of soaring energy prices.

    The move, which matches the ECB’s previous biggest increase in borrowing costs, lifts the bank’s benchmark deposit rate from zero to 0.75 per cent — the highest level since 2011.

    The central bank said it expected “to raise interest rates further” in the coming months.
    …

    1. Dow falls more than 200 points, yields rise as investors weigh future rate hikes
      Carmen Reinicke
      Jesse Pound
      Futures indicate flat open following Wednesday rally

      Stocks fell Thursday as Wall Street braced for more large rate hikes going forward following the ECB’s increase.

      The Dow Jones Industrial Average shed 227 points, or 0.72%. The S&P 500 fell 0.77%, and the Nasdaq Composite declined 0.92%.

      Futures slipped after the European Central Bank hiked interest rates by 0.75 percentage point, raising its deposit to 0.75% from 0%, in a largely expected move to tamp down inflation. Stock futures continued to fall during a Q&A session from Federal Reserve Chair Jerome Powell at the Cato Institute where he reiterated that the central bank will do what it takes to fight inflation.
      …
      https://www.cnbc.com/2022/09/07/stock-market-news-open-to-close.html

      1. “off the market” is also a way to let a crappy agent’s listing agreement expire so you aren’t stuck with them.

  13. Oh dear….

    Frightened buyers flee New Zealand housing avalanche

    https://www.macrobusiness.com.au/2022/09/frightened-buyers-flee-new-zealand-housing-avalanche/

    A collapse in buyer interest has seen the number of homes listed on Realestate.co.nz swell by 108% in August compared with a year earlier.

    In turn, the number of homes on the market stands at a seven year high for that time of year. This has driven the national average (non-seasonally adjusted) asking price down by $80,700 from its January 2022 peak, with Auckland prices falling $141,352 from peak:

  15. “The median price for a home in the Las Vegas Valley last month was $450,000, down about 3% from July, the Las Vegas Realtors trade group reported.”

    1-(1-0.03)^12 = 30.6% annualized rate of price decline

    1. A 30% decline wouldn’t even get most markets back to affordability. Prices have to fall 75% in a lot of places. The FED should have never, ever done what they just did.

  16. At the end of last month, Las Vegas Realtors reported just under 8,000 single-family homes for sale without any type of offer. That was up 146% from August 2021.

    Is that a lot?

    1. iatrogenic: [adjective] induced inadvertently by a physician or surgeon or by medical treatment or diagnostic procedures.

  18. “Monterey County’s median home was 1,817 square feet for a listed price of $586 per square foot.”

    Salinas is roughly 1-hr south of San Jose if there’s no traffic. Why add the commute expense and headache to buy a median $1-million spec house?

    1. 1,817 square feet for a listed price of $586 per square foot

      Jeff posted a few days ago a 120,000 square foot mansion on acreage for less than $200 per square foot. It was a truly historic, luxury residence. There is simply no justification for any stucco sh!tbox to be over $100 per square foot, INCLUDING THE LAND.

  19. A reader sent these in:

    Back to 18th century…

    https://twitter.com/WallStreetSilv/status/1567700674128781312

    German automotive supplier Dr. Schneider is insolvent.

    https://twitter.com/disclosetv/status/1567571555818905600

    Mortgage applications fall again, continue to collapse

    https://twitter.com/DonMiami3/status/1567505423074312192

    Fed’s Beige Book: “Residential real estate conditions weakened noticeably as home sales fell in all twelve Districts”

    https://twitter.com/DonMiami3/status/1567575239739019266

    BofA: “In our view, declining liquidity and resiliency of the Treasury market arguably poses one of the greatest threats to global financial stability today, potentially worse than the housing bubble of 2004-2007.”

    https://twitter.com/DonMiami3/status/1567624230946086912

    Lance Lambert

    Goldman Sachs is ready to call it.

    New Zealand home prices to fall 21%. 🇳🇿🏡📉

    Australia home prices to fall 18%. 🇦🇺🏡📉

    Canada home prices to fall 13%. 🇨🇦🏡📉

    https://twitter.com/NewsLambert/status/1567592118490636290

    APRA may as well not exist.

    https://twitter.com/seany_k/status/1567612881633685506

    1. Mortgage applications fall again, continue to collapse

      You can spot the Mel Watt peddle to the metal in 2014 on that chart, where he fired up the subprime.

      1. It’s amazing how fast Las Vegas went from less than 1-month of Inventory right up to 5-months of Inventory for Single Family Residential Homes. Too bad those charts don’t go back to 2007.

    2. Tappable [sp?] equity is also down as home values drop. A year ago Diana Olick was smiling, ear to ear. You’re right, Diana, this is nothing like the great recession; it’s going to be much worse!

    3. I don’t recall how much of the consumer economy was fueled by cash-out refi monies, but it was significant. No wonder people are living off their credit cards.

  22. Here’s an idea: tar & feather your Democrat-Bolshevik municipal “leadership” and Soros-installed DAs, then ride them out of town on a rail.

    ‘Soft-touch’ San Francisco leaders now call for ‘IDEAS’ to be given to them within 90 days to end open-air drug markets ‘without anyone going to jail’: Overdose deaths hit 1,700 since 2020 as users run rampant across the city

    https://www.dailymail.co.uk/news/article-11192227/Soft-touch-San-Francisco-leaders-call-IDEAS-end-open-air-drug-markets.html

    1. ‘Soft-touch’ San Francisco leaders now call for ‘IDEAS’ to be given to them within 90 days to end open-air drug markets ‘without anyone going to jail’

      That’s impossible you f*ckin’ idiots. Now f*ck off.

    2. How about they bribe them to get on a bus and ship them off to Chicago, NYC, DC or some other liberal sh!thole?

      1. I’m waiting for all the northern transplants to run away crying the minute we get a cat 1 hurricane and power is out for a week.

  24. Australians have been ‘belted’ by interest rate rises
    Sky News Australia
    Sep 8, 2022 Sky News host Andrew Bolt says RBA Governor Philip Lowe “exposed and embarrassed” the Albanese government with the consistent interest rate rises.

    “People have been demanding Philip Lowe’s resignation, both on the left – the Greens – and on the right – Nationals Senator Matt Canavan,” he said.

    “They and many Australians are furious that this bloke said last year he reckoned interest rates would stay at record low levels until 2024.”

    Mr Bolt said this promise led to Australians buying homes and taking out mortgages believing the rates would not rise until then but have been “belted by five big rises in the last five months” and more to come.

    https://www.youtube.com/watch?v=VQddHe0pXcg

    6:39.

    1. “They and many Australians are furious that this bloke said last year he reckoned interest rates would stay at record low levels until 2024.”

      What were they planning on doing when the monthly nut jumped in 2024?

  26. A “friend” here in greater Boston bought her house in 2014 for 390K. Today Z! estimate is 751K, down -30K last 30 days. Every_Freaking _Time I talk to this person she crows about how much her house is worth. Within the first 30 seconds of a recent phone call after no contact for several months she declared “my house will be worth 2 million soon!”.

    Seems to be the prevailing opinion around here, the current “shift” is just a minor blip.

    1. “my house will be worth 2 million soon!”.

      I heard a lot of that sh#t in Palm Beach County in late 2004 through early 2006.

      He or she who laughs last laughs best.

      Or you could do what I did in 2009 and just look at them and smile as they begrudgingly say… You were right.

    2. Within the first 30 seconds of a recent phone call after no contact for several months she declared “my house will be worth 2 million soon!”.

      What would her property taxes and insurance cost?

      1. Believe it or not, I called her. She has health issues and I was being nice but I’m done. I’m a renter so she felt the need to again tell me what her house was “worth” in the first 30 seconds of the call. That’s mental illness, if you ask me.

  27. You can almost sense the author’s panties twisting into a large knot and see her furrowed brow, pursed lips and flared nostrils as you read her review. 🙂

    25 Gut Reactions to ‘My Son Hunter,’ the Very MAGA — and Wildly Boring — Biden Family Biopic

    The right wing’s obsession with the president’s son has taken the form of a feature film filled with strippers and drugs, but nothing of substance

    BY NIKKI MCCANN RAMIREZ
    SEPTEMBER 7, 2022

    “THIS IS NOT a true story,” former Mandalorian actress Gina Carano says in her MAGA star turn as a Secret Service agent in My Son Hunter, the new film dramatizing — with plenty of liberties, to say the least — the life of President Biden’s most controversial son.

    It’s also, unsurprisingly, not a good movie.

    https://www.rollingstone.com/politics/political-commentary/my-son-hunter-maga-joe-biden-family-biopic-breitbart-drugs-laptop-1234588296/

  29. In the course of 2 days, I saw 2 separate attacks by Dr Begging and Jon Rappoport disputing the “Mass Formation Psychosis”
    theory.
    In summary, MFP is opposition theory designed to divert from the real culprits in the mass crimes against humanity.
    From Jon Rappoports blog, he writes,

    “A vaccine is killing and wounding huge numbers of people. The guilty parties are obvious. , the vaccine manufacturers, the agency that authorized the vaccine(FDA), the government officials who laid on mandates and so on.”

    So, this theory that people were suffering from mass psychosis is a form of blaming a psychological disorder on people, when it was really bad people doing bad things to people, including murder.

    We witnessed a massive defrauding by fake news with censorship of dispute.
    We witnessed the extortion of mandates whereby people would lose job if they didn’t comply.
    We are witnessing a mass cover up of vaccine death and injury.
    The evidence shows the panademic was pre planned.
    The evidence shows meds like ivermectin cured Covid , yet these meds were instructed and supressed and demonized for Fauci killer drugs, and fake vaccine.

    So, this attempt to lable people as suffering from mass psychosis, is a diversion.
    Of course these Entities would put plants into the opposition . Dr Begging in summary, is saying that Dr Malone is about as “deep state” as you can get.

    This is hard for me to entertain this thought, because I have always liked Dr Malone.
    But think about it, Dr Malone, who is always so data driven, and careful not to make any motive accusations on Culprits, all of a sudden comes out with ” Mass Formation Psychosis”, totally out of his field of study.
    But the bottom line is a hell of a lot of people were defrauded, or extorted into taking the vaccine by the bad guys, who divert to blame the victim .
    The big Campaign to blame the unvaccinated for the Covid, was also a diversion tactic.
    Bidens attack on unvaccinated, than Hitler like attack on over half the Country as being extreme dangerous fascist, trying to destroy democracy.
    People are suffering from fear of punishment, loss of job , take the vaccine or you will be denied going to college, traveling, or any normal activity. This is force and fear of punishment, not mass formation psychosis.
    Unreal

  30. Also, the book “True Believer” talks about how con artists get revolutions going by the creation of a ” enemy” to commit to fighting against.
    What do you think the fraudster bad guys are doing.
    -Extreme fascist MAGA Republicans that are a threat to the Soul of Nation.
    -A disease of the unvaccinated
    – Racist White People
    -“Conspiracy theorist
    -Disinformation people
    -Climate Deniers
    -Science Deniers
    -Vaccine deniers
    -Lockdown/mask deniers
    -Deplorables
    -Russian Operatives
    Technology deniers
    on and on
    All designed to divert from the One World Order Mega Rich looters, parasites, and murdering Entities, taking over by force, fraud, extortion, bribery, infiltration and fake news narratives.

  31. Ok, another attack on Dr Malone by Dr Judy Mikovits today.
    She wants to know why Malone is involved in NIH ACtiVE, and how much money is he getting paid, and some more questions.
    Something is going on here, where all of a sudden 2 Drs, and a 40 year med reporter are questioning Malone.

    Oh by the way, the Queen of England died at 96.

  32. Queen Elizabeth II has just died. It’s time for the people to abolish the monarchy and take back all of that wealth which is rightfully theirs. No, “Prince” Charles, you are not a “King,” and your hideous beast of a partner is not a “Queen.” And William and Kate are not Kings and Queens either. These are not the old days. Get rid of these people and make them get a fookin’ job.

    1. Let the Brits sort it out. Its their monkeys and their circus. Anyway, it’s not like they don’t have real problems to solve right now.

    2. Price Charles is a Globalist.
      I just saw a tape where in 2016 , Joe Biden was the keynote speaker at the World Economic Forum .
      Obama has said that Dr Harari is his favorite author.
      Lets get serious here, we have enemies at the highest levels of Federal Government.

    4. You seem to be unaware of all the good that has come out of Britain. Like, I don’t know, ending slavery, spreading the Gospel over most of the world… American hasn’t done piddling compared to what the British have accomplished.

      It’s actually arguable that slavery would have ended sooner if America had not left GB, but go on with your hatred.

        1. Also note Queen Victoria’s grandchildren: King George (England), Kaiser Wilhelm (Germany) and Tsar Nicholas (Russia).

      2. It’s actually arguable that slavery would have ended sooner if America had not left GB, but go on with your hatred.

        Haha, wuuuuuuuut?

    2. Any sizable university would be able to identify this mystery metallic complex within a week. XRF, NMR, mass spec, atomic analysis, possibly crystallography, SEM-EDS. At least they could tell us which metal is in this “metallic graphene” complex.

      1. Isn’t graphene oxide just carbon, oxygen and hydrogen? I view the whole graphene oxide thing as a huge red herring.

    3. graphene oxide and possibly other metallic compounds

      Somebody is having fun with you. That’s not a metal.

  35. Never mind the Queen, bankers and money launderers and arms traffickers need to get PAID.

    Russia Today — US drops another $2.2bn on Ukrainian military (9/8/2022):

    “The administration of US President Joe Biden has pledged another $2.2 billion in long-term military financing to Ukraine and 18 neighbor states and territories “potentially at risk of future Russian aggression,” pending approval by Congress, Secretary of State Antony Blinken revealed on Thursday during an unannounced visit to Kiev.

    Blinken met with President Vladimir Zelensky and other senior officials to discuss the details of the $2.2 billion package, of which $1 billion will go to Ukraine. The rest will be divided among “regional security partners” in order to help them “deter and defend against emergent threats to their sovereignty and territorial integrity” through strengthening their coordination with NATO and combating “Russian influence and aggression,” according to the State Department.

    https://www.rt.com/news/562467-ukraine-aid-counteroffensive-blinken-partners/

    Regional security (((partners))) gotta get PAID too.

    Your federal income taxes are paying for this.

    1. “…of which $1 billion will go to Ukraine.”

      Zelensky will likely celebrate with a dance in his high heels while wearing his Punk Destroyer butt plug.

    2. Another $2.2 billion to be laundered in Ukraine then diverted back to Globalists but nothing for the water system in Jackson, the Mississippi.

      Living in a city with no water: ‘This is unbearable’
      Image without a caption

      By Emmanuel Felton
      September 3, 2022 at 9:11 a.m. EDT

      The water system in Jackson, the Mississippi capital, has been failing for years. In 2021, a harsh winter storm knocked the system out for a month. Even when water is flowing from the taps, residents struggle with intermittent boil-water advisories and high bills for water that is not always safe to drink. This week, in part because of severe floods, the treatment plant failed completely, leaving the city’s residents without water to drink, bathe or even flush toilets.

      https://www.washingtonpost.com/nation/2022/09/03/jackson-mississippi-water-crisis/

  36. “Greenpeace Co-Founder Patrick Moore Says Climate Change Based On False Narratives”

    https://www.zerohedge.com/markets/greenpeace-co-founder-patrick-moore-says-climate-change-based-false-narratives

    (snip snip)

    Patrick Moore, one of the founders of Greenpeace, said in an email obtained by The Epoch Times that his reasons for leaving Greenpeace were very clear: “Greenpeace was ‘hijacked’ by the political left when they realized there was money and power in the environmental movement. [Left-leaning] political activists in North America and Europe changed Greenpeace from a science-based organization to a political fundraising organization,” Moore said.

    Moore left Greenpeace in 1986, 15 years after he co-founded the organization.

    “The ‘environmental’ movement has become more of a political movement than an environmental movement,” he said. “They are primarily focused on creating narratives, stories, that are designed to instill fear and guilt into the public so the public will send them money.”

    He said they mainly operate behind closed doors with other political operatives at the U.N., World Economic Forum, and so on, all of which are primarily political in nature.

    The Intergovernmental Panel on Climate Change [IPCC] is “not a science organization,” he said. “It is a political organization composed of the World Meteorological Organization and the United Nations Environment Program.

    “The IPCC hires scientists to provide them with ‘information’ that supports the ‘climate emergency’ narrative.

    Their campaigns against fossil fuels, nuclear energy, CO2, plastic, etc., are misguided and designed to make people think the world will come to an end unless we cripple our civilization and destroy our economy. They are now a negative influence on the future of both the environment and human civilization.”

    “Today, the left has adopted many policies that would be very destructive to civilization as they are not technically achievable. Only look at the looming energy crisis in Europe and the UK, which Putin is taking advantage of. But it is of their own making in refusing to develop their own natural gas resources, opposing nuclear energy, and adopting an impossible position on fossil fuels in general,” Moore wrote.

    The Left ‘Hijacked’ Greenpeace

    He said “green” for the environment and “peace” for the people were the organization’s founding principles, but peace was largely forgotten, and green had become the sole agenda.

    “Many [so-called] ‘environmental’ leaders were now saying that ‘humans are the enemies of the Earth, the enemies of Nature.’ I could not accept that humans are the only evil species. This is too much like ‘original sin,’ that humans are born with evil, but all the other species are good, even cockroaches, mosquitos, and diseases,” Moore argued.

    He said the new dominant philosophy is that the world would be better if fewer people existed.

    “But the people who said this were not volunteering to be the first to go away. They behave as if they are superior to others. This kind of ‘pride’ and ‘conceit’ is the worst of the Cardinal Sins,” Moore said.

    Environmental Activist
    As a prominent scholar, ecologist, and long-time leader in the international environmental field, Patrick Moore is widely regarded as one of the world’s most qualified experts on the environment. He is also a founder of Greenpeace, the world’s largest environmental activist organization.

    Moore received his Ph.D. in Ecology from the University of British Columbia in 1974 and an Honorary Doctorate of Science from North Carolina State University in 2005.

    (there is more. click on the link to read it)

  37. ‘Sanctuary City’ Chicago Takes Illegals Bused in by Texas, Settles Them in Suburbs

    WARNER TODD HUSTON
    8 Sep 2022

    Despite Mayor Lori Lightfoot’s (D) claim that Chicago is a “welcoming sanctuary city,” she is now sending illegals sent by Texas out to the suburbs.

    The Windy City began moving towards declaring itself a “sanctuary city” for illegals at least as far back as 2015, and since her election to the mayor’s office in 2019, Lightfoot has reiterated that policy and said that Chicago is a “welcoming” place for illegals.

    But now, despite her repeated claims to love illegals, Lightfoot has been found shipping the Texas deliveries to the nearby suburb of Burr Ridge, according to WGN 9 News. And town leaders there are both shocked and angered by the move.

    Indeed, Burr Ridge Mayor Gary Grasso said that Chicago did not coordinate with them before dropping off dozens of illegals at a Burr Ridge hotel.

    “I am concerned neither the village administrator nor I were told about this,” Grasso said. “We want to know: Why Burr Ridge?”

    The Burr Ridge mayor also noted that the city government only became aware that Chicago had dumped illegals there when residents called city hall to complain.

    For her part, Lightfoot blasted Texas Gov. Abbott for not “coordinating” with Chicago or Illinois officials with his busing plan.

    But if Mayor Grasso is correct, Lightfoot also neglected to “coordinate” with him before sending a busload of illegals to his town.

    https://www.breitbart.com/immigration/2022/09/08/sanctuary-city-chicago-takes-illegals-bused-in-by-texas-settles-them-in-suburbs/

    1. Yahoo Finance
      The bear market in stocks is definitely not over, Goldman Sachs says
      Brian Sozzi
      Thu, September 8, 2022 at 5:44 AM·4 min read

      Don’t get too comfortable, bulls.

      Although the Dow Jones Industrial, S&P 500 and Nasdaq Composite have had rough goes of it since August as investors fret about a heavy-handed Federal Reserve, all three major stock indices remain well off the mid-June lows.

      Some Wall Street pros say the fact stocks still haven’t re-tested the lows reflects optimism the U.S. will avert a recession in 2023 while the Fed is likely to engineer a soft economic landing.

      But top Goldman Sachs strategist Peter Oppenheimer warned in a note that the bulls should be on high alert since as the bear market is not over yet.

      “Our Bull/Bear Market indicator (GSBLBR) and our Risk Appetite indicator (GSRAII) attempt to capture the fundamental and sentiment factors that are important around inflection points,” Oppenheimer explained. “Combining these can provide a useful guide, particularly when they are both close to extremes. When GSBLBR is below 45% and the GSRAII is below 1.5, the probability of achieving high returns over 12 months is very high. The current levels of these indicators would suggest that we are not yet at the market trough.”
      …
      https://finance.yahoo.com/news/bear-market-stocks-not-over-goldman-sachs-warns-124411651.html

    2. Yahoo
      Fortune
      Famed investor Mark Mobius says in dire warning, ‘It’s going to get worse from here’ for stocks—and Michael Burry of ‘The Big Short’ agrees
      Will Daniel
      Wed, September 7, 2022 at 9:33 AM·3 min read
      In this article:

      Over the past few years, top investors have repeatedly warned Americans about a brewing bubble in the stock market and the increasing potential for a U.S. recession.

      And even after a roughly 19% drop in the S&P 500 so far this year, some of the world’s best market watchers continue to sound the alarm.

      In a CNBC interview on Tuesday, Mark Mobius, cofounder of Mobius Capital Partners, predicted the U.S. stock market will experience more pain this year.

      “I still think it’s going to get worse,” he said. “Generally speaking, the picture looks very bad.”

      The 86-year-old economist and former Franklin Templeton exec argued that U.S. investors have yet to fully price in the Federal Reserve’s interest rate hikes, which should lead to further stock market declines moving forward.

      Mobius wasn’t the only top investor warning Americans about potential stock market woes this week either.

      Michael Burry, who rose to fame for predicting and profiting from the 2008 housing bubble, as depicted in both the book and movie The Big Short, said in a Wednesday tweet that stocks haven’t hit their cycle lows just yet.
      …
      https://finance.yahoo.com/news/famed-investor-mark-mobius-says-163323694.html

  39. UTAH
    U.S. home prices see biggest monthly drop in 11 years. It’s weighing on homeowner wealth
    By Katie McKellar| Sept 8, 2022 10:31 a.m. MDT
    A “For Sale” sign is posted in the yard of a house in Sandy, Utah on May 31, 2022.
    Chuck Wing, Deseret News

    After two years of runaway price growth, the U.S. housing market has hit a tipping point.

    Home price growth has been decelerating for months now as the U.S. market cools from the pandemic frenzy. But in July, that shifted to an actual decline as the median home price fell 0.77% from June — the largest single-month decline in over 11 years.

    That’s according to Black Knight’s July Mortgage Monitor report released Wednesday, which also showed home prices have declined from their peaks in more than 85% of the 50 largest U.S. housing markets. Home prices are down by more than 1% in a third of those markets, and more than one in 10 are seeing prices fall by 4% or more.

    The big picture: July’s month-over-month decline, though slight, is the first price contraction in almost three years. But keep in mind, it’s preceded by over two years of wild, record-setting price growth.
    …
    https://www.deseret.com/utah/2022/9/8/23341823/housing-market-us-home-prices-drop-crash-bubble-recession-wealth-equity

    1. 1-(1-0.0077)^12 = 8.9% annualized rate of U.S. median home sale price decline…’tis a mere flesh wound.

    2. “…the largest single-month decline in over 11 years.”

      2022 – 11 = 2011. My memory is hazy, but weren’t US home prices massively CR8Ring back in 2011?

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