A report from ABC News in Australia. "House prices are tipped to fall by 11…
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From the first 10 minute video:
Seattle Is the Fastest Cooling Housing Maket
Zach McDonald
Oct 1, 2022 Home prices have been dropping around the Country. Most of the PNW is experiencing the largest declines, with Seattle ranking as number!
The second 11:35 video:
Prices Increased…Really? | Nashville Housing Update
Ethan Flynn, CPA
Oct 1, 2022 Analytical approach to the Nashville Tn Housing Market. We look at trends in active listings, median price, mortgage rates, Nashville Housing Market Update specifically charting daily changes in Davidson/Williamson County ~50% of Nashville MSA.
US home prices now posting biggest monthly drops since 2009
The Boston Globe|4 hours ago
Home prices in the US have taken a turn and are now posting the biggest monthly declines since 2009. Median home prices fell 0.98% in August from a month earlier, following a 1.05% drop in July, Black Knight Inc.
1. Most people would rather be in the majority, than be right.
2. At least 80% of the population has strong authoritarian tendencies, which will emerge under the right conditions.
3. Fear of death is only rivaled by the fear of social disapproval. The latter could be stronger.
4. Propaganda is just as effective in the modern day as it was 100 years ago. Access to limitless information has not made the average person any wiser.
5. Anything and everything can and will be politicized by the media, government, and those who trust them.
6. Many politicians and large corporations will gladly sacrifice human lives if it is conducive to their political and financial aspirations.
7. Most people believe the government acts in the best interests of the people. Even many who are vocal critics of the government.
8. Once they have made up their mind, most people would rather to commit to being wrong, than admit they were wrong.
9. Humans can be trained and conditioned quickly and relatively easily to significantly alter their behaviors – for better or worse.
10. When sufficiently frightened, most people will not only accept authoritarianism, but demand it.
11. People who are dismissed as ‘conspiracy theorists’ are often well researched and simply ahead of the mainstream narrative.
12. Most people value safety and security more than freedom and liberty, even if said ‘safety’ is merely an illusion.
13. Hedonic adaptation occurs in both directions, and once inertia sets in, it is difficult to get people back to ‘normal’.
14. A significant percentage of people thoroughly enjoy being subjugated.
15. ‘The Science’ has evolved into a secular pseudo-religion for millions of people in the West. This religion has little to do with science itself.
16. Most people care more about looking like they are doing the right thing, rather than actually doing the right thing.
17. Politics, the media, science, and the healthcare industries are all corrupt, to varying degrees. Scientists and doctors can be bought as easily as politicians.
18. If you make people comfortable enough, they will not revolt. You can keep millions docile as you strip their rights, by giving them money, food, and entertainment.
19. Modern people are overly complacent and lack vigilance when it comes to defending their own freedoms from government overreach.
20. It’s easier to fool a person than to convince them that they have been fooled.
Mr. Banker, shouldnt you be worried about Credit Suisse and its CDS’s this morning. And what about the suit makers and restaurant workers in Bern – they are going to get slaughtered.
Mr. Banker is after bigger game this morning. And he’s found the target.
I read that the Fed has an emergency meeting today to bail out Credit Suisse and Deutsche Bank
That explains why there are so many debt donkeys and why so many are willing to haul a donkey cart the remainder of their life, knowing they’re gonna get burned in the long run.
why so many are willing
In my experience, it’s dangerous to give anyone more than two weeks vacation.
From the first 10 minute video:
Seattle Is the Fastest Cooling Housing Maket
Zach McDonald
Oct 1, 2022 Home prices have been dropping around the Country. Most of the PNW is experiencing the largest declines, with Seattle ranking as number!
The second 11:35 video:
Prices Increased…Really? | Nashville Housing Update
Ethan Flynn, CPA
Oct 1, 2022 Analytical approach to the Nashville Tn Housing Market. We look at trends in active listings, median price, mortgage rates, Nashville Housing Market Update specifically charting daily changes in Davidson/Williamson County ~50% of Nashville MSA.
US home prices now posting biggest monthly drops since 2009
The Boston Globe|4 hours ago
Home prices in the US have taken a turn and are now posting the biggest monthly declines since 2009. Median home prices fell 0.98% in August from a month earlier, following a 1.05% drop in July, Black Knight Inc.
Sydney leads national house price drop
https://au.news.yahoo.com/sydney-leads-national-house-price-163021845.html
A wave of layoffs is sweeping the US. Here are the major companies that have announced cuts so far, from Gap to Peloton
https://finance.yahoo.com/m/5e67a4bb-525a-32d5-8cad-967f0a0893f4/a-wave-of-layoffs-is-sweeping.html
major companies
Ironically, they produce little to nothing that I need or want.
The fire hose of cheap money has dried up.
hey produce little to nothing that I need or want
There were a few I’ve never even heard of.
(here is another one of Mr. Banker’s posts that has nothing to do with housing …)
“20 Things I’ve Learned (Or Had Confirmed) About Humanity During The ‘Pandemic’”
https://www.johnccarleton.org/BLOGGER/2021/07/09/20-things-ive-learned-or-had-confirmed-about-humanity-during-the-pandemic/
(snip)
1. Most people would rather be in the majority, than be right.
2. At least 80% of the population has strong authoritarian tendencies, which will emerge under the right conditions.
3. Fear of death is only rivaled by the fear of social disapproval. The latter could be stronger.
4. Propaganda is just as effective in the modern day as it was 100 years ago. Access to limitless information has not made the average person any wiser.
5. Anything and everything can and will be politicized by the media, government, and those who trust them.
6. Many politicians and large corporations will gladly sacrifice human lives if it is conducive to their political and financial aspirations.
7. Most people believe the government acts in the best interests of the people. Even many who are vocal critics of the government.
8. Once they have made up their mind, most people would rather to commit to being wrong, than admit they were wrong.
9. Humans can be trained and conditioned quickly and relatively easily to significantly alter their behaviors – for better or worse.
10. When sufficiently frightened, most people will not only accept authoritarianism, but demand it.
11. People who are dismissed as ‘conspiracy theorists’ are often well researched and simply ahead of the mainstream narrative.
12. Most people value safety and security more than freedom and liberty, even if said ‘safety’ is merely an illusion.
13. Hedonic adaptation occurs in both directions, and once inertia sets in, it is difficult to get people back to ‘normal’.
14. A significant percentage of people thoroughly enjoy being subjugated.
15. ‘The Science’ has evolved into a secular pseudo-religion for millions of people in the West. This religion has little to do with science itself.
16. Most people care more about looking like they are doing the right thing, rather than actually doing the right thing.
17. Politics, the media, science, and the healthcare industries are all corrupt, to varying degrees. Scientists and doctors can be bought as easily as politicians.
18. If you make people comfortable enough, they will not revolt. You can keep millions docile as you strip their rights, by giving them money, food, and entertainment.
19. Modern people are overly complacent and lack vigilance when it comes to defending their own freedoms from government overreach.
20. It’s easier to fool a person than to convince them that they have been fooled.
Mr. Banker, shouldnt you be worried about Credit Suisse and its CDS’s this morning. And what about the suit makers and restaurant workers in Bern – they are going to get slaughtered.
Mr. Banker is after bigger game this morning. And he’s found the target.
I read that the Fed has an emergency meeting today to bail out Credit Suisse and Deutsche Bank
That explains why there are so many debt donkeys and why so many are willing to haul a donkey cart the remainder of their life, knowing they’re gonna get burned in the long run.
why so many are willing
In my experience, it’s dangerous to give anyone more than two weeks vacation.