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The Fear Is Compounded By The Fact That There Isn’t An Easy Exit From Homeownership Right Now

A report from Buzz Feed. “‘I almost feel like it’s a scam or a trick to get me more into debt. I worked so hard to get my credit up to even be able to apply for a mortgage,’ Christen Riggins said. Homeownership is ‘almost another way to keep people under. I remember calling her the next morning and was like, ‘I’m thinking about backing out; maybe I should just find a place to rent.‘ Riggins said that the agent reminded her that a home is an investment, that when rates were lower she could refinance, and suggested she ‘cut corners somewhere’ or ‘try to pick up a part-time job. ‘I feel like I was really screwed over and put in a really bad space.'”

“‘Our realtor pushed us to increase higher than we wanted to win the home, and now we are stuck with $80,000 in repairs and homeless.’ —Oklahoma. ‘The house is a lemon,’ said Joshua Wingett, who bought a four-bedroom home 40 minutes outside of San Diego in April for $730,000 ($31,000 over asking) after losing out on seven other houses. Wingett and his husband are now dealing with about $20,000 in repairs. ‘Did we have a choice?’ he said. ‘We did what we could to get the best we could,’ he said. ‘It’s costing us 55% of our income and it sucks to have no free spending money, but at least we have a roof over our head.’ Wingett plans to refinance if mortgage rates decline and is considering renting out rooms to make ends meet.”

“Many people who bought a house in 2020-2022 are likely to be underwater with their mortgages for some time as interest rates quickly go up, forcing home prices to come down in order to make up for that, said Jeremy Bohne, a financial advisor. ‘They may not be able to sell for a number of years, until prices will presumably recover.'”

“Riggins said she is the first person in her family to own a home, which she is proud of, although she regrets not having anyone to guide her through the process. She has put her mortgage into forbearance, and while her payments are on hold now, interest is still accruing. Homeownership, she said, may still be upheld as a central part of the American Dream, but ‘I don’t think it’s a dream. I honestly think in my situation I was set up for failure.'”

From KUTV in Utah. “The Salt Lake Board of Realtors said it has made for a more balanced market, but it means things are moving slower for sellers like Ari Danelian. ‘Its been on the market for about a month and a half I believe,’ Danelian said. She thinks it would have sold by now if it were listed a few months back. ‘I think I definitely dropped the ball in terms of timing. I should have listed the house before the federal reserve raised the fed funds rate,’ she said.”

The Orlando Sentinel in Florida. “Home sales in Orlando dropped dramatically in September, bringing prices down and inventory up. ‘A lot of sellers are still trying to capture what was happening in the earlier part of the year,’ said agent Dracheka ‘Buffy’ Barrott. ‘That’s not going to happen again.'”

KSAW TV in Wisconsin. “What used to be multiple offers and thousands above asking prices is a thing of the past. RE/MAX Excel real estate consultant Lora Bladow said there’s less competition for buyers. ‘Which has allowed some negotiation to kick in on offers instead of coming in at or above the asking price. There have been sales happening under asking,’ said Bladow.”

KXAN in Texas. “The number of homes for sale in the Austin metro area is the highest in more than a decade. Homes within the City of Austin remain the most expensive in the metro area, with a median listing price of $555,000, compared to $470,000 in the metro as a whole. That’s a drop of more than $100,000 since a peak of $667,000 in May. ‘Homes are selling at 95% of their original list price,’ said ABoR President Cord Shiflet. ‘Sellers need to know that the days of multiple offers way over asking price are a thing of the past.'”

The Daily Mail. “‘A year ago, people were buying homes sight unseen, multiple offers,’ Los Angeles real estate agent Craig Strong told CBS News, comparing the pandemic-era boon to the current slowdown, which she said will continue into the coming months. ‘It’s a good time to put an offer on a house at a lower number,’ she advised.”

The Globe and Mail in Canada. “Banks are contacting many clients with variable mortgages to inform them that they’re reaching their trigger rate, signalling higher monthly costs for a growing number of homeowners and a longer payback period. Most people who signed onto variable-rate mortgages more than a couple of years ago wouldn’t have given their trigger rate a second thought, said Ron Butler, a broker with Butler Mortgage Inc. After all, interest rates have been on a generally downward trend for more than a decade.”

“Mr. Butler and other industry participants said banks have started to issue notices to clients whose variable mortgages are hitting the trigger rate. Nasma Ali, founder of One Group Toronto Real Estate, said clients and people in her community are afraid of what comes next. That fear is compounded by the fact that there isn’t an easy exit from homeownership right now, with weakness in the real estate market. Inflated rental markets in many major cities are also not a financially appealing option right now.”

“At the moment, Ms. Ali said there isn’t a sense of panic among homeowners – she thinks many people will take the next few months to consider their options as the environment around interest rates plays out. However, with rates expected to rise, she thinks more people could move to sell by next year. ‘Next year is going to be an interesting year and it’s not going to look pretty for a lot of people,’ said Ms. Ali.”

From Derbyshire Live in the UK. “Residents of a new Derbyshire housing estate say a very friendly new community of close-knit neighbours has been founded, but many have been left disappointed and stressed after moving into what they describe as “unfinished” houses costing around half a million pounds. Those who have moved into their new homes have complained of a ‘horrific experience’ after being confronted with ill-fitted windows, rough doors that could be used to ‘strike a match’ on and which some claim to have re-installed and sanded down themselves. Chipped windowsills, underfloor and ceiling leaks, and a ‘collapsed’ garden have also been reported.”

“Another resident, who moved into her new house in September 2021, wished to remain anonymous. She said: ‘They’re a nightmare to deal with. We’ve not had the best of times, it’s been really stressful actually. We’ve had to sort out a lot of stuff ourselves. Our garden’s just dropping away at the end, and when we first moved in water was coming up through the floor of our ensuite. After two weeks it got really bad. They took one look at it and said you’ve got a leak. I said, ‘I know I’ve got a leak!'”

From Bloomberg. “A worsening crisis in China’s property market is dragging junk dollar bonds from the nation’s borrowers deeper into distress, as the implosion of what was once one of the world’s most-profitable bond trades sends ripples across trading floors. ‘The only way out is to have a heavy government involvement – for local governments to buy assets from private developers, for instance,’ Raymond Yeung, chief Greater China economist at ANZ Bank, told Bloomberg TV.”

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This Post Has 99 Comments

  1. ‘the implosion of what was once one of the world’s most-profitable bond trades sends ripples across trading floors. ‘The only way out is to have a heavy government involvement’

    Get off yer knees and stop begging Ray, pooh bear ain’t doing sh$t.

  2. ‘The house is a lemon’

    Josh, is a winnah! I’ve never heard of lemons that cost $700,000. There’s more in this article.

    1. “‘Our realtor pushed us to increase higher than we wanted to win the home, and now we are stuck with $80,000 in repairs and homeless.’ —Oklahoma. ‘The house is a lemon,’ said Joshua Wingett”

      Well Josh….. the reality is you got saddled with losses to depreciation that weren’t yours to begin with….. but they are now.🤣

      If Josh weren’t a broke-assed debt donkey from the get-go, he wouldn’t be in the position he’s in right now. If he were smart, which he is not, he’d have the best attorney money could buy file suit against every person involved in the transaction. It’s quite easy to demonstrate that the borrower is the host in any of these transactions and in this case, the physical defects were preemptively and deliberately concealed by the counterparty and co-conspirators (lender, seller, appraiser, realtor). Caveat emptor doesn’t apply. He could skin them alive…. every one of them.

      This is what happens when broke people finance a depreciating asset for decades.

      Fairfax, VA Housing Prices Crater 21% YOY As Northern Virginia Lot And Land Prices Plummet

      https://www.movoto.com/va/22030/market-trends/

    2. “Wingett and his husband are now dealing with about $20,000 in repairs”

      “It’s costing us 55% of our income and it sucks to have no free spending money”

      So it looks like you and the hubby will be strapping on tools for a change huh Josh.

    1. “The 2020 election was stolen.”

      …and the “January 6 insurrection” was planned, executed and used to cover it up.

        1. “Enough Already: Release the J6 Political Prisoners”

          Tucker had a nice segment of Pelosi’s Police (Capitol Police) waving those people in while holding the doors open along with the unscathed well paid Ray Epps among others last night.

  6. ‘Our realtor pushed us to increase higher than we wanted to win the home, and now we are stuck with $80,000 in repairs and homeless.’ —Oklahoma.

    If that’s winning, what’s losing? My realtor friend in Southern California just clucked about how happy her sellers were that each just closed on two homes. I wonder how happy the buyers will be in a year or two. Or even next month.

    1. Even the mention of appraisal fraud doesn’t change the tone of the clucking….. until they realize the sales contract and mortgage contract are riddled with defects.

  7. ‘I feel like I was really screwed over and put in a really bad space.’”

    Another low-IQ D voter with a pathological aversion to personal responsibility.

  8. I honestly think in my situation I was set up for failure.’”

    Another low-IQ D voter self-identifies.

  9. Is the world ready for an open conversation about how real estate in the past 20 years has turned everyone into cannibals? How that joy of retiring two years early has cost a decade+ of stress to a stranger’s family who lost for your win?

    Not holding my breath.

    1. I’m ready. I’ve been very disappointed at how many flippers and part-time residents there have been in my neighborhood. Instead of real long-term owner/occupants, we’ve had a bunch of “infestors” (to use PBear’s term) who seem to consider it their constitutional right to make a 50% profit when they sell their houses, and who have focussed on making cosmetic upgrades rather than substantial long-lasting improvements to their properties.

      And I’d also like to talk about how the enormous run-up in stock prices from the 1990’s-present has caused massive amounts of mal-investment, mal-employment, and misallocation of resources, and has transferred trillions of dollars of unearned wealth to the WWII era people at the expense of the Gen-Xers and Millennials. Along with grotesquely excessive Social Security, Medicare and other government programs, these transfers allow present retirees to live for 20, 30, 40 years or more in indolent luxury while the working generations drown in debt.

      1. to the WWII era people

        FWIW, most “WWII era people” are dead and have passed their estates onto their heirs. Perhaps you meant Boomers?

        1. unearned wealth to the WWII era people

          No, he makes this pitch from time to time.

          My WWII era dad would be 99 now and joined up when he was 17. His FIL would be about 125. They have passed their “unearned wealth” to me and I have passed some of it to the grandchildren so that we all can live in indolent luxury, right?

          I know working people who have no debt. They are honest and do not consume what they cannot afford. If you are in debt, it’s not Pop’s fault.

          1. By WWII people I mean anyone who was alive during WWII, or even within the first 5-10 postwar years. But not, of course, any actual WWII veterans, if there are even any of those left. Let’s not get distracted with extreme outliers.

          2. My WWII era dad would be 99 now and joined up when he was 17. His FIL would be about 125. They have passed their “unearned wealth” to me and I have passed some of it to the grandchildren

            I’m glad the generational chain has remained intact for you. But there are far too many of the WWII set who don’t realize how fortunate they are, and have the attitude that the younger generations are just lazy and therefore undeserving of anything. I’m talking about the ones driving around Winnebago’s with bumper stickers that say “I’m spending my kids’ inheritance.”

          3. My Dad was WW2 Navy vet. When he passed in 1979, I inherited his well worn pocketknife and a strong work ethic.

          4. I’m talking about the ones driving around Winnebago’s with bumper stickers that say “I’m spending my kids’ inheritance.”

            Google “Boomer Steve meme”

          5. I’ve come to the opinion that men should practice building assets to pass on to their family, extended and all.

          6. I’ve come to the opinion

            You are obviously a saint Mr. Ben.

            My kids encouraged me to write a will, after they cleaned up the mess that was their mother’s legacy. I told them on that conference call that if they did not repay what they had borrowed from me, there would be nothing for them in the will.

            I’m an a$$ I guess.

      2. It is a complex issue but the majority of people seem to be incapable of reasonable conversations and unfortunately we are all guilty to some degree for wanting to play the game. Meanwhile, the seeds of the next bubble are already being sown. This massive wave of invaders will be competing with you thru special mortgage programs and the willingness to pool 3-6 adults against you. If you want to win you have to get calibrated to the cycle. The opportunity of a lifetime is approaching as the cycle grinds its way to a trough over the next few years. Will you be ready or will you be left behind for another 14-16 years of grind? There will be no rescue or reasonable conversations, you’re on your own. Caveat emptor.

      3. Well… seeing as we’re FWIWing, my WW2 vet father collected full SS for 31 years. Not long ago, say 2014, I did the math and it showed he collected almost 10x his and his employers contributions. I showed him the math(he knew I was doing it because I asked him to show me 36 years of tax returns and he had them) and my WWII vet republican father had a tantrum and said “I don’t give a rats ass I’m owed that money!”🤣🤣🤣

        SS is legalized theft.

        1. “…collected full SS for 31 years.”

          The actuaries were counting on him to drink alcohol regularly and smoke non-filtered Pall Malls.

      4. Yeah, let’s trash a generation that didn’t use their $1000 phone, on a $100/month data plan, to order $40 MacDonald’s so they didn’t have to drive their $70,000 Lexus to the drive through because they were binge watching Squid Games on their 65″ TeeVee through their $75/month streaming service!

  11. ‘They may not be able to sell for a number of years, until prices will presumably recover.’

    I heard we might be heading into a recession. It’s not usually good for home prices when folks are losing their jobs left and right.

    And guess what normally happens to interest rates in recovery from a recession? They go up, unless central bankers decide to experiment with Quantitative Easing. Might be hard to do that again with inflation pushing up towards 1970s levels.

    So I am wondering when this presumptive home price recovery is expected? The last couple of times US housing prices took a dive, they kept diving for five years or so. Japanese home prices dipped for upwards of a decade when their bubble popped circa 1990.

    I’m sure this time is different. But try not to get stucco.

    1. ‘They may not be able to sell for a number of years, until prices will presumably recover’

      Oh my…

    1. “…in a bid to balance markets…”

      Brandon has been using the Strategic Petroleum Reserve to buy the democrats a few more votes next month.

        1. It’s a great opportunity to demonstrate our military’s accuracy, lethality and global reach to the planet’s despotic rulers. A severe global recession has already taken hold, and we don’t need any more goose stepping parades or sabre rattling from tin-pot dictators.

  13. “In June, the city’s median home price reached $615,000, a record for the month of June, but a drop from the May 2022 median of $667,000. The greater metro’s median price sat at $537,475 last month, up 13 percent from a year ago, but down from $550,000 in May.”

    “The median home price across the metro in September was $470,000, a new record high for the month. Despite the new record, the pace of price increases is slowing.

    In September, the median price was up 5.6% year-over-year, marking the third month in a row with increases below 10%.”

    It’s amazing how complicated they make it to try to hide the crashing prices. So the median SALES price in May for metro Austin was $550,000. Now the median LISTING price is $470,000, but “the pace of price increases is slowing”. This is obviously what the economists employed by every relitter group do, namely obfuscate and confuse things to make it sound like prices are still going up.

    1. AND if the median listing price is 470K and things are going below listing price now, metro Austin is probably down 20% already.

  14. ‘It’s costing us 55% of our income and it sucks to have no free spending money, but at least we have a roof over our head.’

    No comment on the choice of metaphor or the prudence of the purchase decision…

  15. “‘…I almost feel like it’s a scam or a trick to get me more into debt. I worked so hard to get my credit up to even be able to apply for a mortgage,’ Christen Riggins said. Homeownership is ‘almost another way to keep people under…”

    Welcome to the REIConplex, Christen.

    BTW, Christen, when your Realtor offered you Kool-Aid, did she present a choice of multiple flavors?

  16. “The number of homes for sale in the Austin metro area is the highest in more than a decade”

    Fookin’ liars! Just few months ago, they told us that there’s a massive shortage of homes in Austin and everywhere. How’s it possible that shortage one day and abundance the next?

    1. “How’s it possible that shortage one day and abundance the next?”

      Crazy things can happen when you drop interest rates to record lows, throw a bunch of money around, and shut down the economy. What’s even crazier is that anyone thought any of that could be permanent.

      1. A friend, her brother and parents did. They all moved into new builds the first half of this year.

    2. – butters

      “Fookin’ liars!”

      “How’s it possible that shortage one day and abundance the next?”

      – The answer to that question is the first statement.

      – 16 million vacant houses/units in the U.S. as of several months ago.
      – Last time I checked recent for sale inventory it’s now over 9 months.
      – There NEVER was a shortage. Speculators bought and held shacks off the market b/c prices were going “to the moon!” 3% rates for 20% annual returns courtesy of the Fed.
      – Now that housing bubble 2.0 is bursting, everyone is rushing to the exits. Suddenly there’s inventory. It’s Harry Potter magic!
      – The truth as told by no Realtor.
      – Housing is now just another speculative asset due to the financialization of the world. Invest accordingly as the bubble bursts.

      2. “PPP loans in aggregate probably ended up being the most corrupt part of the US fiscal response during 2020/2021, and mostly in favor of the wealthy.“

        – This is a true statement.
        – The Cantillion Effect in spades.
        – I have a job for all of those 80,000 new IRS agents. Instead of harassing the middle class as Joe Bite-me intended, just sic them on the PPP loan recipients. Massive fraud here. At taxpayer expense of course.

        1. Don’t most middle class W2 taxpayers just take the standard deduction and the tax credits for any kids they have? What is there to audit?

        2. If I was an up and coming film maker looking for fodder for a documentary to sink my teeth into, this would be it.

      3. I’ve been saying this since 2020 when I first realized how the PPP worked. It will go down as the largest fraud-waste in U.S. history. I have one buddy that received 1.5 million dollars ppp. He does have a lot of employees, he owns a drywall company. His business never slowed so guess what….he is spending the money on a large boat and he is renting private jets. A handful of my buddies flew from Charlotte to Nashville in May for the kid rock concert…..he had to make 2 trips, 4 legs because others wanted to go. $15,000 per trip. We are paying for this. Multiply this by millions that received ppp. It’s crazy.

        1. No one is talking about it but this probably has a lot to do with the pandemic housing bubble. People funneling fraudulent PPP loans into real estate.

          This guy bought 25 properties with fraudulent Covid relief money.

          https://www.mercurynews.com/2022/01/07/covid-fraudster-who-bought-property-tesla-stock-with-stolen-cash-is-caught/

          Here is another one, 2.5 million in fraudulent PPP money used to buy real estate and cars.

          https://www.wcvb.com/article/former-massachusetts-resident-covid-relief-fraud/40971823#

          It would be interesting to see if there was a spike in all cash buyers or higher down payments during the pandemic.

    2. I was watching some stuff on YouTube and an ad popped promoting a scheme for “flipping beds on Airbnb”. I thought it was bad when I was seeing ads on YouTube for flipping paintings. This must be the most ridiculous “economy” in history.

  18. The 2020 election was stolen.

    Colorado officials warn of disinformation and conspiracy theories ahead of midterm election (10/17/2022):

    “As ballots are mailed to Colorado voters this week, local election officials are combating disinformation about the security and reliability of the state’s voting system and debunking conspiracy theories that could impact voting in this fall’s election.

    “I approved 35 watchers during that primary election, and every single one of them had ties to either USEP (U.S. Election Integrity Plan), which is a known election denier group, or other similar organizations that are also election denier groups as well. This really does put us in a very tough spot,” she said.

    USEIP began in Colorado after the 2020 election — and is not associated with any government entity or election office. It’s a door to door canvassing effort that went to eight Colorado counties to talk to voters in what they called an attempt to root out alleged fraud in America’s elections. It is also part of a growing national movement by people who believe the lie that the presidential election was stolen.”

    The 2020 election was stolen.

    “It is a concern that these national organizations are recruiting and training individuals to serve as temporary election workers,” said Rachel Orey, she’s with the Bipartisan Policy Center Elections Project.

    “They are very much at the fringe, and it is a risk to Democracy,” said Orey. “But when we talk so much about these fringe threats, I think in some cases we make them seem larger than they are, and we risk reducing voter confidence in an attempt to secure the system.”

    According to an FBI report earlier this year, Colorado is among the seven states in which threats to election workers are most prevalent, due to “recounts, audits, or public election disputes.”

    https://www.cpr.org/2022/10/17/colorado-officials-warn-of-disinformation-and-conspiracy-theories-ahead-of-midterm-election/

    Colorado voted for Pedo Joe by a 13% margin, and in the City / County of Denver “It’s shower time, Ashley!” received almost 80% of the votes.

    1. Interest rates were the subprime component. If you think about a loan, and then the loan turns into something you can’t afford, that’s what just happened. You might say, the borrowers with a low rate aren’t affected. Until they need or want to sell. Have a good 30 years, see ya in 2050.

      1. I feel like this is what I’ve been trying to explain to my friends and family for the last two years.

        “It’s a low interest rate.”

        “Cool, but the cost of living is going up, up, up- what do you do when you can’t afford the mortgage and a loaf of bread.”

        *blank stares*

        1. i·ro·ny1
          /ˈīrənē/

          noun: irony

          -the expression of one’s meaning by using language that normally signifies the opposite, typically for humorous or emphatic effect.
          -a state of affairs or an event that seems deliberately contrary to what one expects and is often amusing as a result.

          The low rates that were supposedly the rocket fuel for shacks were actually what did the market in.

        2. Yeah that’s what the “BUT MUH 2%!!1!!!1!!11!!!!!!1!!!!” rate-o-philes don’t get. Sure you have a low rate – but what happens when your way overpriced house starts droping and you’re underwater and then forced to sell (job, death, divorce…)

          2. Things that have become impossible to explain anymore: It’s not about the payment, it’s about the price

    2. “Fed hoovering of mortgages was more damaging to U.S. housing than subprime mortgages”

      No sh!t.

  24. Put your EBT card in right there.

    Your balance is $146.38 after your monthly SNAP benefits, will that be cash or charge?

    I’d like to pay with my Third trimester abortion rights.

    1. Your balance is $146.38 after your monthly SNAP benefits, will that be cash or charge?

      I recall stories about how SNAP/EBT holders would be standing in line at Walmart, waiting for their cards to be reloaded at midnight.

      Now I suspect that they will also need to face the ignominious task of having to leave some items at the cash register. Or use cash they earn under the table to pay the balance.

        1. Per the USDA’s website, the average SNAP benefit is $239 per month per household. This is supplemented by free school meals and programs like WIC.

      2. I can remember that just before i left south carolina people walked into a corner store with paper food stamps buy a candy bar with $1 and get actual change, walk out of the store then walk back in and buy a 40 oz with the change. and it was legal, they were considered a new customer using US currency and not food stamps.

        2. Plenty of drug dealers used to accept paper food stamps as currency at roughly 60% of par, which didn’t bother the users since they were stolen.

    1. “…oil reserves are currently at the lowest level since 1984….”

      Does the Harvard Business School give degrees in gross mis-management?

  26. Biden admin pressured Dem El Paso mayor not to declare state of emergency over city’s migrant crisis

    By MaryAnn Martinez
    October 17, 2022

    The White House pressured the Democratic mayor of El Paso, Texas, to not declare a state of emergency over the city’s migrant crisis due to fear it would make President Biden look bad, The Post has learned.

    At least three of the El Paso City Council’s eight members have urged Mayor Oscar Leeser to issue an emergency declaration in response to the thousands of migrants who’ve filled the city’s shelters and are being housed in local hotels, sources familiar with the matter said.

    But Leeser admitted during a private phone conversation last month that he’d been directed otherwise by the Biden administration, one of the officials told The Post.

    “He told me the White House asked him not to,” Councilmember Claudia Rodriguez said

    At a Sept. 27 City Council meeting, Mayor Leeser also addressed the issue, saying Congresswoman Veronica Escobar (D-Texas) had urged him not to declare a State of Emergency, adding: “The White House has asked, at this point, for us not to do that and they’ll continue to work with us and continue to give us … money through [the] Federal Emergency Management Agency.”

    Figures posted on El Paso’s official website show the city has received only $2 million in federal reimbursements toward the $8 million it has spent dealing with the migrant crisis.

    The total cost could end up being much more, with ElPasomatters.org reporting in September the city was spending as much as $300,000 a day to shelter, feed and transport asylum-seeking immigrants.

    https://nypost.com/2022/10/17/white-house-urged-texas-officials-not-to-declare-migrant-emergency-sources/

    1. Texas city ignores NYC mayor’s call to stop sending migrant buses

      by FALLON FISCHER, NASYA MANCINI, KFOX Staff
      Monday, October 10th 2022

      A Texas city issued a response Friday after New York City Mayor Eric Adams called on El Paso’s mayor and city manager to stop sending buses of migrants to New York.

      From Aug. 23 to Oct. 6, the city said it has chartered 196 buses — for a total of 9,322 people. The city said 7,368 migrants went to NYC, and 1,954 went to Chicago.

      According to Adams, New York City has received 17,000 migrants since April. That total takes into account the number of migrants sent from El Paso.

      https://mynbc15.com/news/nation-world/texas-city-ignores-nyc-mayor-eric-adams-call-to-stop-sending-migrant-buses-el-paso-mayor-city-officials-immigration-sanctuary-cities-nyc-gov-greg-abbott-new-york-city-chicago-washington-dc-border-towns

  27. Beef Packing Scumbags: Who they are, and how we got here
    Lonesome Lands
    Apr 1, 2022 What people need to know about the beef packing industry is that it is not lead by your typical greedy corporate types. It is lead by convicted criminals and some of the most corrupt corporate executives in the world. These are the people who control and manipulate your beef prices along with the cattle prices in order to increase their profits.

    https://www.youtube.com/watch?v=p70yni7Vv7U

    8:29.

  29. ‘After two weeks it got really bad. They took one look at it and said you’ve got a leak. I said, ‘I know I’ve got a leak!’

    We’ve all been there anon.

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