A report from the San Francisco Chronicle in California. "Sales tax data shows San Francisco’s…
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From the first 2 minute video:
Appraisals are KILLING Real Estate Deals!!
Living in West Georgia and East Alabama
Oct 30, 2022
The housing market is definitely shifting. What was a sellers market is quickly becoming a buyers market. Appraisals did not really matter a couple of months ago, but now they are KILLING Deals! The appraisal can literally be the one thing that will make you thousands more! I will explain what is going on in this market and give you some great strategies on how to protect yourself with Appraisals and still get the most money when you sell your home in this market!
The second 15:32 video:
California is a HOT MESS over Nevada | Elon Call me! Car Confessions
KristenSellsVegas
Oct 30, 2022
The third 4:10 video:
Sarasota & Manatee County September 2022 Housing Stats
Beth Helvey
Oct 30, 2022
An early one:
There are 1.4 million realtors in the US. 800,000 have not closed a deal this year.
Atlanta’s homebuilding market is one of the largest. Layoffs could be coming.
The Business Journals|12 hours ago
Price appreciation is expected to continue because local housing inventory remains below normal levels, and Atlanta’s population continues to grow. A decline in new homes going on the market, combined with waning sales of existing homes, would keep housing
25 hot housing markets that are finally starting to cool
Speaking at last week’s North State Building Industry Association Regional Housing Forecast summit, Sanjay Varshney, the founder and principal of Goldenstone Wealth Management and former dean of the business school at California State University, Sacramento, said people making $100,000 a year can afford just 10% of the homes on the market. Those who earn $50,000 annually can afford a paltry 0.3% of listings.
“Sacramento does not have the income levels to afford the kinds of homes with the pricing that you see in the market today,” he said.
“That’s the affordability loss we have seen in Sacramento thanks to COVID, thanks to all the influx (of people) from the Bay Area,” Varshney added. “Our own people cannot afford our homes.”
Greg Paquin, the principal of the Gregory Group and a California real estate market expert, said mortgage rates are largely to blame. Earlier this year, rates were below 3%.
“The problem is, people who are buying houses today, and especially younger people, don’t remember those rates,” he said.
While median prices have dropped since May, Paquin and other market analysts have noted that prices are still far above what they were two years ago. The median price for a new home in the region is up 37.2% — or nearly $200,000 — since 2020, Paquin said.
“If anyone is wondering why people aren’t buying: it doesn’t matter about inventory, it doesn’t mater about if they’re coming from the Bay Area or not,” he said. “It matters that people can’t afford it.”
Paquin predicts new home prices will decline next year. The California Association of Realtors has made the same forecast, predicting the median price for a single family home in the state will go down 8.8% in 2023.
98 Of The 100 Largest Housing Markets Saw Prices Nosedive In September From 2022 Peaks
Forbes|18 hours ago
The index, which analyzes key housing market metrics to measure the degree to which the nation’s 100 largest markets favor home buyers or sellers, found home prices in 98 markets in September were below their peak price last spring.
Elon Musk has dismissed four top executives at Twitter “for cause” in order to avoid having to pay them eight-figure severance packages, according to a report.
Immediately after completing the acquisition of Twitter on Thursday, Musk fired four top executives at the site — CEO Parag Agrawal; CFO Ned Segal; Chief Legal Officer Vijaya Gadde; and General Counsel Sean Edgett.
Musk reportedly terminated the executives “for cause” — which would void a clause in their contract that entitles them to payouts worth tens of millions of dollars in severance and unvested stock options, according to reports on Saturday by the New York Times and the Information.
When Agrawal posted a tweet thread defending Twitter’s efforts to limit spam and bot accounts, Musk responded with a poop emoji.
Fed up with a surge in shoplifting, a coalition of mostly Latino supermarket owners across the New York City area are raising $70,000 to back Republican gubernatorial candidate Lee Zeldin in the last days before the election, The Post has learned.
The group of 70 entrepreneurs — who operate supermarkets under banners including Foodtown, Keyfoods, Fine Fare, Bravo’s, C-Town and Met Foods — are donating $1,000 each to Zeldin at a fundraising event on Monday at Cafe Rubio in Corona, Queens.
The Long Island congressman’s promise to crack down on criminals who are looting grocery stores is resonating, said Nelson Eusebio, head of government relations for the National Supermarket Association, a trade group.
“These are Hispanic supermarket owners who have previously voted with the Democrats,” Eusebio told The Post. “But we are exhausted and need results.”
“We are frustrated and tired of Democrats saying that bail reform has not affected crime negatively,” Carlos Collado, a registered Democrat who owns two Fine Fare supermarkets in the Bronx, told The Post. “We are seeing a different reality.”
a coalition of mostly Latino supermarket owners across the New York City area
Wouldn’t it be more accurate to call them Puerto Rican?
Considering most of them aren’t Puerto Rican, would it?
“Fed up with a surge in shoplifting…”
I don’t understand how the Democrats are able to turn a blind eye to this theft, particularly the flash mob theft.
Chris Cuomo is demanding that his bosses at NewsNation move his new show to a different time slot — his latest desperate bid to improve his sagging viewership on the fledging cable TV network, The Post has learned.
Cuomo — who joined NewsNation Oct. 3 after getting fired from CNN for secretly helping his older brother, ex-Gov. Andrew Cuomo, navigate a slew of sex scandals — is fuming about the lackluster performance of his nightly broadcast, which airs at 8 p.m. Monday through Friday, sources said.
In response, Cuomo recently has met with Michael Corn — the former ABC producer who became NewsNation’s president of news last year — about switching time slots with talk show host Dan Abrams, who has the 9 p.m. slot on weeknights, sources said.
“Cuomo is getting nasty about the ratings and he’s starting to blame everyone but himself,” an insider said. “He’s blaming the network, staff that he personally hired, his lead-in, the promo department and even the press department!”
“Chris was going around screaming that Newsmax is beating him,” said the source, referring to the conservative network, which is a distant fourth behind Fox News, MSNBC and CNN.
“He’s a Cuomo. He doesn’t blame himself. His entire life, he’s been told he’s special,” the source added. “No one is talking about his show.”
NewsNation was launched by corporate parent Nexstar Media in March 2021 with the hope of creating a balanced, 24/7 news network. Its buzziest hire to date is Cuomo. The former CNN anchor was brought in to juice the ratings of the fledgling network, whose top-rated shows include reruns of cop drama “Blue Bloods.”
“They should run ‘Blue Bloods’ before him,” the source joked, pointing to the cop drama’s ratings of around 300,000 total viewers.
Even Cuomo’s best-rated show — which garnered 214,000 viewers and aired at 9 p.m. after the Dr. Mehmet Oz-John Fetterman debate for Pennsylvania’s US Senate seat — drew criticism from media watchers.
“The show sucks,” said a TV exec, who spoke on the condition of anonymity. “Cuomo talked for 12 minutes straight. He did Fetterman debate analysis with no clips illustrating his points. It was just him ranting.”
Drops in DRAM and NAND flash spot prices have widened, with prices for niche-market DDR3 chips already falling 11% in one month, according to sources at memory module makers.
As DoorDash stock hits lowest price ever, analysts track a slowdown in food delivery
Inflation could be a factor as customers rethink their spending on delivery. John Zimmer, co-founder and president of Lyft Inc. said last week that he thinks the ride-hailing company made the right decision in not getting into food delivery during the pandemic, as rival Uber did.
“Getting a $30 salad is going to be less likely” because of inflationary pressures, Zimmer said.
20-25% crater? Buck, yer a stopped clock perma bear.
A California man and his 22-year-old daughter have been stabbed to death by a homeless man while they were working on their car outside a Kohl’s, police said.
Ken Evans, 54, and McKenna Evans were spending time together around noon Thursday tinkering on their sedan in Palmdale, just north of Los Angeles, when the man attacked them for no apparent reason, the LA Times reported. Ken was rushed to a hospital, where he died, while his daughter was pronounced dead at the scene.
LA County sheriff’s deputies have arrested a suspect, who they said may be a transient, the newspaper reported. Elizabeth Evans, the victims’ devastated wife and mother, mourned the shocking loss.
As one Denver area broker explained, “You don’t get double digit prices increases without appraisal fraud. End of story.”
Woke talk show host Trevor Noah put his recently renovated New York apartment up for sale Monday, with a price tag of $12.95 million – a month after his abrupt departure from The Daily Show due to dwindling ratings.
The talk show host bought the 3,600-square-foot home for $10 million in 2017, about two years after he started his seven-year tenure at the late-night infotainment show.
Since then, viewership has declined dramatically – with some saying the South African comic’s woke soapboxing rants triggered the ratings slump.
He’s gonna be riding the train to schlongville. Couldn’t happen to a nicer guy.
Seattle police are investigating after a man and woman were found dead Sunday evening in the Georgetown neighborhood.
According to police, around 4:15 p.m., officers received a call about two “down subjects” in a unit inside the Martin Court Apartments on Fourth Avenue South.
When officers arrived, they found a 53-year-old man and a 55-year-old woman dead on the scene.People who live at the Martin Court Apartments told KIRO 7′s Lauren Donovan that the suspect is behind bars, but they still feel on edge.
“It’s really not a safe place, it’s not,” said Jim, a resident.
The Martin Court Apartments are managed by the Low Income Housing Institute. LIHI executive director Sharon Lee says the complex is transitional housing for homeless people. Tenants can live there for up to two years, but there are some extenuating circumstances. Lee claims LIHI has been running the shelter for the past 20 years.
“The big problem is we have an illegal encampment in the back,” said Lee. “So they are, on a constant basis, trying to break in, and we have not been successful in getting SPD to do anything.” Lee says LIHI installed a $15,000 gate to keep them at bay. However, that gate is constantly broken.
“It’s a steppingstone into housing, but over time, the neighborhood has gotten really rough,” said Lee.
Dana Wolk owns Seattle Stoneworld next door. He says the nearby encampment and the apartment complex have made the intersection of Michigan and 4th a crime magnet. He blames city officials for turning a blind eye to the area. “It’s scary for our people,” said Wolk. “It’s scary for everyone up and down the street.”
Someone was shot and killed last Friday night (early Sat am) next door to my daughter’s apartment in Bellingham. She wasn’t there, but her roommate texted details and photos while it was going down. Fortunately my daughter was back in the Columbia Basin.
As one Denver broker explained, “I can ask $50k for my ten year old run down Chevy pickup but where is the buyer at that price? So it is with rapidly depreciating assets like houses.”
A coordinated west coast drug operation nabbed eleven suspects allegedly tied to Mexican drug cartels. Six additional suspects were previously indicted and arrested in September.
Several are illegal immigrants, including two who were recently deported, spotlighting the dangerous open border that allows bad actors to bring deadly fentanyl and meth to the country.
At least six suspects are believed to be in this country illegally from Mexico, according to two sources speaking to the Jason Rantz Show on KTTH on the condition of anonymity, as they’ve not been authorized to reveal this information.
Of the six suspects, there are at least two who were previously deported. Jose Paleo, a 29-year-old from La Mirada, California, was reportedly deported within the last two months before illegally crossing back into the country, according to a source. Other suspects may also be illegal immigrants, but their status is unknown, pending court hearings.
With some 40,000 homeless people, many of them addicts, it’s lucrative for cartels to funnel their drugs to the Pacific Northwest.
Federal law enforcement targeted 14 locations in Washington and California, in addition to seizing two RVs full of drugs. The investigation involved intercepted communications and physical surveillance. The majority of the suspects live in Washington, and the drugs were Seattle-bound. Local areas targeted include Kent, West Seattle, Ballard, and Bothell, according to federal authorities.
Mexican cartels supplied local Drug Trafficking Organizations (DTO) with the product in Los Angeles, to be trafficked to Seattle, where drug use was decriminalized. The US Attorney’s Office alleges several suspects in DTOs conspired to distribute meth, fentanyl, and other controlled substances.
The operation successfully took 1,000 pounds of meth and over 350,000 fentanyl pills off the streets. Additionally, authorities found 4.5 kilos of heroin, 67 guns, and more than $1 million in cash across the three states.
The defendants are charged with conspiracy to distribute controlled substances and possessing controlled substances with intent to distribute.
In addition to Paleo, a source says Agustin Gutierrez Valencia (32, of Kent), Daniel Vazquez Arroyo (32, of Kent), Rosalio Reynoso Arellano (51, of Los Angeles), Ernesto Casillas (46, of Los Angeles), and Benigno Hernandez aka Ivan Santos Arellano (32, of Kent) are illegal immigrants. It’s unclear which of these suspects has been previously deported.
The seized drugs are the supply flooding the streets of Seattle and surrounding cities. They’re most often found in encampments and no-barrier and low-barrier housing. These drugs fuel the homelessness crisis.
Fentanyl has already killed a record high 492 people in King County, up from 385 in 20221. Meth is the second leading cause of drug overdose death, already exceeding last year’s record high of 364 fatal overdoses with 365.
While people die, cartels and DTOs bring in hundreds of millions of dollars.
Mexican drug cartels, using ingredients from China, traffic manufactured fentanyl through the open southern border. Meth is usually a direct product of the cartels, with cocaine usually coming through South America. It’s cheap enough to bring in hundreds of thousands of dollars a day when sold to homeless addicts who engage in property crime and fencing to maintain their habit.
The latest effort to take money from the police department and direct it to other agencies was rejected Monday by the Denver City Council.
Why it matters: The 29 proposed budget changes — totaling $127 million — demonstrate how the campaign to defund the police and direct the money to social services has stalled two and half years after the George Floyd protests brought it to the forefront.
The proposals all came from Councilwoman Candi CdeBaca, the panel’s most liberal member, and failed to gain support from most of the nine other members present during Monday’s meeting.
“Flashback: CdeBaca unsuccessfully attempted to replace the police department with a “peacekeeping” alternative in 2020.”
WTF is wrong with this woman?
Layoffs hit Sales Boomerang, Mortgage Coach
HousingWire|9 hours ago
Mortgage fintechs Sales Boomerang and Mortgage Coach reduced headcount with layoffs of over 20 employees this month as the industry struggles to stay afloat.
Top commercial real estate firm to slash $400M, mostly with job cuts
The Business Journals|14 hours ago
CBRE Group Inc. is trying to slash costs by $400 million, mainly through job cuts, though it is not clear how the plan will affect the real estate firm’s sizable Portland office.
“homes were getting offered with appraisals being waivered”
Waivered…dumb bitch
From the first 2 minute video:
Appraisals are KILLING Real Estate Deals!!
Living in West Georgia and East Alabama
Oct 30, 2022
The housing market is definitely shifting. What was a sellers market is quickly becoming a buyers market. Appraisals did not really matter a couple of months ago, but now they are KILLING Deals! The appraisal can literally be the one thing that will make you thousands more! I will explain what is going on in this market and give you some great strategies on how to protect yourself with Appraisals and still get the most money when you sell your home in this market!
The second 15:32 video:
California is a HOT MESS over Nevada | Elon Call me! Car Confessions
KristenSellsVegas
Oct 30, 2022
The third 4:10 video:
Sarasota & Manatee County September 2022 Housing Stats
Beth Helvey
Oct 30, 2022
An early one:
There are 1.4 million realtors in the US. 800,000 have not closed a deal this year.
https://twitter.com/staywinningpod/status/1587070123063488512
That’s a whole lotta [sic] dead bedrooms! 🙂
Atlanta’s homebuilding market is one of the largest. Layoffs could be coming.
The Business Journals|12 hours ago
Price appreciation is expected to continue because local housing inventory remains below normal levels, and Atlanta’s population continues to grow. A decline in new homes going on the market, combined with waning sales of existing homes, would keep housing
25 hot housing markets that are finally starting to cool
https://omaha.com/business/investment/personal-finance/collection_c624726e-af0c-518d-b5f9-0cbcfbbea827.html#1
Speaking at last week’s North State Building Industry Association Regional Housing Forecast summit, Sanjay Varshney, the founder and principal of Goldenstone Wealth Management and former dean of the business school at California State University, Sacramento, said people making $100,000 a year can afford just 10% of the homes on the market. Those who earn $50,000 annually can afford a paltry 0.3% of listings.
“Sacramento does not have the income levels to afford the kinds of homes with the pricing that you see in the market today,” he said.
“That’s the affordability loss we have seen in Sacramento thanks to COVID, thanks to all the influx (of people) from the Bay Area,” Varshney added. “Our own people cannot afford our homes.”
Greg Paquin, the principal of the Gregory Group and a California real estate market expert, said mortgage rates are largely to blame. Earlier this year, rates were below 3%.
“The problem is, people who are buying houses today, and especially younger people, don’t remember those rates,” he said.
While median prices have dropped since May, Paquin and other market analysts have noted that prices are still far above what they were two years ago. The median price for a new home in the region is up 37.2% — or nearly $200,000 — since 2020, Paquin said.
“If anyone is wondering why people aren’t buying: it doesn’t matter about inventory, it doesn’t mater about if they’re coming from the Bay Area or not,” he said. “It matters that people can’t afford it.”
Paquin predicts new home prices will decline next year. The California Association of Realtors has made the same forecast, predicting the median price for a single family home in the state will go down 8.8% in 2023.
https://www.msn.com/en-us/money/realestate/sacramentos-first-time-home-buyer-crisis-our-own-people-cannot-afford-our-homes/ar-AA13zeHn
thanks to COVID
A mild respiratory illness will do that.
98 Of The 100 Largest Housing Markets Saw Prices Nosedive In September From 2022 Peaks
Forbes|18 hours ago
The index, which analyzes key housing market metrics to measure the degree to which the nation’s 100 largest markets favor home buyers or sellers, found home prices in 98 markets in September were below their peak price last spring.
Elon Musk has dismissed four top executives at Twitter “for cause” in order to avoid having to pay them eight-figure severance packages, according to a report.
Immediately after completing the acquisition of Twitter on Thursday, Musk fired four top executives at the site — CEO Parag Agrawal; CFO Ned Segal; Chief Legal Officer Vijaya Gadde; and General Counsel Sean Edgett.
Musk reportedly terminated the executives “for cause” — which would void a clause in their contract that entitles them to payouts worth tens of millions of dollars in severance and unvested stock options, according to reports on Saturday by the New York Times and the Information.
When Agrawal posted a tweet thread defending Twitter’s efforts to limit spam and bot accounts, Musk responded with a poop emoji.
https://nypost.com/2022/10/31/elon-musk-fired-top-execs-to-avoid-paying-122m-golden-parachutes-report/?dicbo=v2-21c0c4d48e64076a677d45d4d0d70f25
Fed up with a surge in shoplifting, a coalition of mostly Latino supermarket owners across the New York City area are raising $70,000 to back Republican gubernatorial candidate Lee Zeldin in the last days before the election, The Post has learned.
The group of 70 entrepreneurs — who operate supermarkets under banners including Foodtown, Keyfoods, Fine Fare, Bravo’s, C-Town and Met Foods — are donating $1,000 each to Zeldin at a fundraising event on Monday at Cafe Rubio in Corona, Queens.
The Long Island congressman’s promise to crack down on criminals who are looting grocery stores is resonating, said Nelson Eusebio, head of government relations for the National Supermarket Association, a trade group.
“These are Hispanic supermarket owners who have previously voted with the Democrats,” Eusebio told The Post. “But we are exhausted and need results.”
“We are frustrated and tired of Democrats saying that bail reform has not affected crime negatively,” Carlos Collado, a registered Democrat who owns two Fine Fare supermarkets in the Bronx, told The Post. “We are seeing a different reality.”
https://nypost.com/2022/10/31/latino-supermarket-owners-back-lee-zeldin-with-70k-fundraiser/
a coalition of mostly Latino supermarket owners across the New York City area
Wouldn’t it be more accurate to call them Puerto Rican?
Considering most of them aren’t Puerto Rican, would it?
“Fed up with a surge in shoplifting…”
I don’t understand how the Democrats are able to turn a blind eye to this theft, particularly the flash mob theft.
Chris Cuomo is demanding that his bosses at NewsNation move his new show to a different time slot — his latest desperate bid to improve his sagging viewership on the fledging cable TV network, The Post has learned.
Cuomo — who joined NewsNation Oct. 3 after getting fired from CNN for secretly helping his older brother, ex-Gov. Andrew Cuomo, navigate a slew of sex scandals — is fuming about the lackluster performance of his nightly broadcast, which airs at 8 p.m. Monday through Friday, sources said.
In response, Cuomo recently has met with Michael Corn — the former ABC producer who became NewsNation’s president of news last year — about switching time slots with talk show host Dan Abrams, who has the 9 p.m. slot on weeknights, sources said.
“Cuomo is getting nasty about the ratings and he’s starting to blame everyone but himself,” an insider said. “He’s blaming the network, staff that he personally hired, his lead-in, the promo department and even the press department!”
“Chris was going around screaming that Newsmax is beating him,” said the source, referring to the conservative network, which is a distant fourth behind Fox News, MSNBC and CNN.
“He’s a Cuomo. He doesn’t blame himself. His entire life, he’s been told he’s special,” the source added. “No one is talking about his show.”
NewsNation was launched by corporate parent Nexstar Media in March 2021 with the hope of creating a balanced, 24/7 news network. Its buzziest hire to date is Cuomo. The former CNN anchor was brought in to juice the ratings of the fledgling network, whose top-rated shows include reruns of cop drama “Blue Bloods.”
“They should run ‘Blue Bloods’ before him,” the source joked, pointing to the cop drama’s ratings of around 300,000 total viewers.
Even Cuomo’s best-rated show — which garnered 214,000 viewers and aired at 9 p.m. after the Dr. Mehmet Oz-John Fetterman debate for Pennsylvania’s US Senate seat — drew criticism from media watchers.
“The show sucks,” said a TV exec, who spoke on the condition of anonymity. “Cuomo talked for 12 minutes straight. He did Fetterman debate analysis with no clips illustrating his points. It was just him ranting.”
https://nypost.com/2022/10/30/chris-cuomo-demands-new-time-slot-at-newsnation-as-ratings-tank/
Drops in memory spot prices widen
Drops in DRAM and NAND flash spot prices have widened, with prices for niche-market DDR3 chips already falling 11% in one month, according to sources at memory module makers.
https://www.digitimes.com/news/a20221031PD213/ddr3-dram-nand-flash.html
As DoorDash stock hits lowest price ever, analysts track a slowdown in food delivery
Inflation could be a factor as customers rethink their spending on delivery. John Zimmer, co-founder and president of Lyft Inc. said last week that he thinks the ride-hailing company made the right decision in not getting into food delivery during the pandemic, as rival Uber did.
“Getting a $30 salad is going to be less likely” because of inflationary pressures, Zimmer said.
https://www.msn.com/en-us/money/topstocks/as-doordash-stock-hits-lowest-price-ever-analysts-track-a-slowdown-in-food-delivery/ar-AA13AzZH
You know John, there isn’t a salad ever made I would pay 30 bucks for.
A 5:31 video:
We’re preparing for home prices to fall, says Raymond James’ Buck Horne
https://www.msn.com/en-us/money/other/were-preparing-for-home-prices-to-fall-says-raymond-james-buck-horne/vi-AA13ACHn?category=foryou
20-25% crater? Buck, yer a stopped clock perma bear.
A California man and his 22-year-old daughter have been stabbed to death by a homeless man while they were working on their car outside a Kohl’s, police said.
Ken Evans, 54, and McKenna Evans were spending time together around noon Thursday tinkering on their sedan in Palmdale, just north of Los Angeles, when the man attacked them for no apparent reason, the LA Times reported. Ken was rushed to a hospital, where he died, while his daughter was pronounced dead at the scene.
LA County sheriff’s deputies have arrested a suspect, who they said may be a transient, the newspaper reported. Elizabeth Evans, the victims’ devastated wife and mother, mourned the shocking loss.
https://nypost.com/2022/10/31/california-dad-daughter-fatally-by-homeless-man/?dicbo=v2-2c673fb4a6f411ac1c2f512650d04405
Littleton, CO Housing Prices Crater 27% YOY As Soaring Vacancy Rate And Mortgage Defaults Blanket Denver Area
https://www.movoto.com/co/80121/market-trends/
As one Denver area broker explained, “You don’t get double digit prices increases without appraisal fraud. End of story.”
Woke talk show host Trevor Noah put his recently renovated New York apartment up for sale Monday, with a price tag of $12.95 million – a month after his abrupt departure from The Daily Show due to dwindling ratings.
The talk show host bought the 3,600-square-foot home for $10 million in 2017, about two years after he started his seven-year tenure at the late-night infotainment show.
Since then, viewership has declined dramatically – with some saying the South African comic’s woke soapboxing rants triggered the ratings slump.
https://www.dailymail.co.uk/news/article-11375133/Trevor-Noah-lists-Midtown-penthouse-12-95-million-month-quitting-low-rating-show.html
He’s gonna be riding the train to schlongville. Couldn’t happen to a nicer guy.
Seattle police are investigating after a man and woman were found dead Sunday evening in the Georgetown neighborhood.
According to police, around 4:15 p.m., officers received a call about two “down subjects” in a unit inside the Martin Court Apartments on Fourth Avenue South.
When officers arrived, they found a 53-year-old man and a 55-year-old woman dead on the scene.People who live at the Martin Court Apartments told KIRO 7′s Lauren Donovan that the suspect is behind bars, but they still feel on edge.
“It’s really not a safe place, it’s not,” said Jim, a resident.
The Martin Court Apartments are managed by the Low Income Housing Institute. LIHI executive director Sharon Lee says the complex is transitional housing for homeless people. Tenants can live there for up to two years, but there are some extenuating circumstances. Lee claims LIHI has been running the shelter for the past 20 years.
“The big problem is we have an illegal encampment in the back,” said Lee. “So they are, on a constant basis, trying to break in, and we have not been successful in getting SPD to do anything.” Lee says LIHI installed a $15,000 gate to keep them at bay. However, that gate is constantly broken.
“It’s a steppingstone into housing, but over time, the neighborhood has gotten really rough,” said Lee.
Dana Wolk owns Seattle Stoneworld next door. He says the nearby encampment and the apartment complex have made the intersection of Michigan and 4th a crime magnet. He blames city officials for turning a blind eye to the area. “It’s scary for our people,” said Wolk. “It’s scary for everyone up and down the street.”
https://www.msn.com/en-us/news/crime/suspect-arrested-after-man-woman-found-dead-in-seattle-e2-80-99s-georgetown-neighborhood/ar-AA13yuJ2
Someone was shot and killed last Friday night (early Sat am) next door to my daughter’s apartment in Bellingham. She wasn’t there, but her roommate texted details and photos while it was going down. Fortunately my daughter was back in the Columbia Basin.
21-year-old shot, killed in Bellingham
https://www.kiro7.com/news/local/21-year-old-shot-killed-during-altercation-halloween-party-bellingham/GC4EOXYLMBBX7KPADLBPXSMBHE/
Lone Tree, CO Housing Prices Crater 27% YOY As South Denver Housing Market Turns Toxic On Soaring Inventory And Collapsing Demand
https://www.movoto.com/co/80124/market-trends/
As one Denver broker explained, “I can ask $50k for my ten year old run down Chevy pickup but where is the buyer at that price? So it is with rapidly depreciating assets like houses.”
A coordinated west coast drug operation nabbed eleven suspects allegedly tied to Mexican drug cartels. Six additional suspects were previously indicted and arrested in September.
Several are illegal immigrants, including two who were recently deported, spotlighting the dangerous open border that allows bad actors to bring deadly fentanyl and meth to the country.
At least six suspects are believed to be in this country illegally from Mexico, according to two sources speaking to the Jason Rantz Show on KTTH on the condition of anonymity, as they’ve not been authorized to reveal this information.
Of the six suspects, there are at least two who were previously deported. Jose Paleo, a 29-year-old from La Mirada, California, was reportedly deported within the last two months before illegally crossing back into the country, according to a source. Other suspects may also be illegal immigrants, but their status is unknown, pending court hearings.
With some 40,000 homeless people, many of them addicts, it’s lucrative for cartels to funnel their drugs to the Pacific Northwest.
Federal law enforcement targeted 14 locations in Washington and California, in addition to seizing two RVs full of drugs. The investigation involved intercepted communications and physical surveillance. The majority of the suspects live in Washington, and the drugs were Seattle-bound. Local areas targeted include Kent, West Seattle, Ballard, and Bothell, according to federal authorities.
Mexican cartels supplied local Drug Trafficking Organizations (DTO) with the product in Los Angeles, to be trafficked to Seattle, where drug use was decriminalized. The US Attorney’s Office alleges several suspects in DTOs conspired to distribute meth, fentanyl, and other controlled substances.
The operation successfully took 1,000 pounds of meth and over 350,000 fentanyl pills off the streets. Additionally, authorities found 4.5 kilos of heroin, 67 guns, and more than $1 million in cash across the three states.
The defendants are charged with conspiracy to distribute controlled substances and possessing controlled substances with intent to distribute.
In addition to Paleo, a source says Agustin Gutierrez Valencia (32, of Kent), Daniel Vazquez Arroyo (32, of Kent), Rosalio Reynoso Arellano (51, of Los Angeles), Ernesto Casillas (46, of Los Angeles), and Benigno Hernandez aka Ivan Santos Arellano (32, of Kent) are illegal immigrants. It’s unclear which of these suspects has been previously deported.
The seized drugs are the supply flooding the streets of Seattle and surrounding cities. They’re most often found in encampments and no-barrier and low-barrier housing. These drugs fuel the homelessness crisis.
Fentanyl has already killed a record high 492 people in King County, up from 385 in 20221. Meth is the second leading cause of drug overdose death, already exceeding last year’s record high of 364 fatal overdoses with 365.
While people die, cartels and DTOs bring in hundreds of millions of dollars.
Mexican drug cartels, using ingredients from China, traffic manufactured fentanyl through the open southern border. Meth is usually a direct product of the cartels, with cocaine usually coming through South America. It’s cheap enough to bring in hundreds of thousands of dollars a day when sold to homeless addicts who engage in property crime and fencing to maintain their habit.
https://mynorthwest.com/3687646/rantz-many-suspects-massive-drug-bust-illegal-immigrants-two-deported-operation/
The latest effort to take money from the police department and direct it to other agencies was rejected Monday by the Denver City Council.
Why it matters: The 29 proposed budget changes — totaling $127 million — demonstrate how the campaign to defund the police and direct the money to social services has stalled two and half years after the George Floyd protests brought it to the forefront.
The proposals all came from Councilwoman Candi CdeBaca, the panel’s most liberal member, and failed to gain support from most of the nine other members present during Monday’s meeting.
https://www.axios.com/local/denver/2022/11/01/councilwomans-latest-attempt-to-defund-denver-police-fails
“Flashback: CdeBaca unsuccessfully attempted to replace the police department with a “peacekeeping” alternative in 2020.”
WTF is wrong with this woman?
Layoffs hit Sales Boomerang, Mortgage Coach
HousingWire|9 hours ago
Mortgage fintechs Sales Boomerang and Mortgage Coach reduced headcount with layoffs of over 20 employees this month as the industry struggles to stay afloat.
Top commercial real estate firm to slash $400M, mostly with job cuts
The Business Journals|14 hours ago
CBRE Group Inc. is trying to slash costs by $400 million, mainly through job cuts, though it is not clear how the plan will affect the real estate firm’s sizable Portland office.
“homes were getting offered with appraisals being waivered”
Waivered…dumb bitch