A report from Patch New York City. "Prices dropped on some 212 homes in the…
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From the first 8 minute video:
SF Bay Area + Sacramento Nov Housing Market: Sales Plunged, Inventory Up, only 40% home sell.
408Home&Loan Inc
Nov 20, 2022
California Association of Real Estate November Housing Market Report: Housing Market Update for 6 Bay Area Counties (Alameda, Contra Costa, San Francisco, Marin, San Mateo, and Santa Clara) + Sacramento County. Median price, home sales, current inventory, days on market for each county. How is housing supply and demand in San Jose today?
The second 3:10 video:
CME Group CEO to SBF “You’re a FRAUD” | On The Tape Podcast
RiskReversal Media
Nov 21, 2022
Guy and Danny discuss the FTX collapse with CME Group CEO Terry Duffy on the latest episode of ‘On The Tape’. Months before the FTX collapse, Terry Duffy held a private meeting with am Bankman-Fried. What went down behind closed doors?
The third 6:33 video:
Wealth of China’s super rich evaporated by nearly 40%: Lowest number of billionaires in 2 decades
Spotlight on China
Nov 21, 2022
Forbes and Hurun released a list of China’s wealthiest people in November. They have seen the most significant drop in their wealth in decades over the past year.
According to Forbes rankings, China’s 100 wealthiest people have seen their total wealth drop by $573 billion since last year. It plunged 39%. This is the most significant drop since the magazine began tracking the country’s wealthiest more than two decades ago.
Metros where homes are selling for the most under asking price
I know a married couple who are both engineers, one was raised there, and they decided years ago to avoid buying a home there as it was simple too expensive. It’s a nice area, maybe 8 on a 10 scale, but it has been a destination for successful equity locust retirees from the Portland to Seattle metro areas.
#18 – Key West, FL
With a median sale price of $805,000 and an elevation of 3-ft, I imagine the hurricane insurance is expensive there.
#12 – Las Cruces, NM
Looks barren, IMHO, maybe worse in the summer months?
Thinking of buying a home? Here’s why you should offer less than asking.
USA Today|14 hours ago
But this relief has come at a high price … Or maybe the home has serious (and expensive) issues that have turned off other potential buyers, in which case, you might be able to get a deal — if you’re willing and able to fix those problems (or get …
Used car prices tank to 52-week low
Mon, November 21, 2022 at 9:09 AM
Yahoo Finance Live’s Brian Sozzi breaks down the stat of the day.
Video Transcript
BRIAN SOZZI: All right, if you’re curious on why Carvana has just laid off another 1,500 people and has become a true battleground stock, maybe this chart from the folks at Compound Capital will help. Used car prices have tanked to a 52-week low as higher interest rates have pushed potential car buyers to the sidelines.
Hold out and punish the dealers, they made record profits at the expense the American consumer.
I friend of mine made 250K selling used cars at a Ford dealership in one year. He actually stated that he was embarrassed telling customers how much they wanted for used cars.
Wholesale prices have dropped dramatically while retail prices have not, and the dealers are still trying to get insane prices.
More from the comments: “hahahaha stupid americans who paid above MSRP for a new car.”
Gotta love the schadenfreude. 🙂
Bank-owned properties: What are they and where can I find them?
“On rare occasions, there’s a tidy equity position to be realized by purchasing and rehabilitating a bank owned property, either for occupancy, as an investment or a short-term fix-and-flip,” sats Sam Olson, CRS, team lead of Nevada-based The Olson Group with RE/MAX Gold.
The upfront cost of an REO property may translate to a worthwhile ROI (return on investment), but not always. For example, the average purchase price of an REO in Reno was 90 percent of the value when sold traditionally — a “tight margin,” Olson says. Buyers often have to spend more money after the sale, which can eat into profit. That’s because bank-owned or REO properties typically require work. After all, if the previous owner couldn’t keep up with mortgage payments, they likely couldn’t keep up with maintenance, either.
“For the casual or first-time purchaser, an REO purchase has very high risks for a smaller than imagined reward,” Olson says.
In a traditional home sale, a seller might give a buyer a credit, or concession, for something that needs to be fixed. For example, if a home inspection reveals that the furnace needs replacing, the seller might offer a small discount on price. That is not a standard process in a bank-owned transaction. “Most banks will allow inspections,” Olson says, “but will not provide any assistance in repairs, which can add up quickly.”
Sam, you hammer them on the price. You don’t say anything about repairs, that’s a given.
Sam, you hammer them on the price.
I mentioned this before but worth mentioning again.
Banks do at times have “sales” on foreclosed properties. Last crash my TBTF bank had “sales” (wanted to get rid of the inventory) on lower end properties and higher end ones for a while. But were not dealing in the middle segment.
“they likely couldn’t keep up with maintenance, either.”
Depreciation is a bitch….. day after day and month after month…as long as the clock ticks, it’s depreciating rapidly…. at $4 per square foot per year…. and no amount of hoof stamping will ever change it.
Cedar Park, TX Housing Prices Crater 33% YOY As Austin’s Fraud And Foreclosure Riddled Housing Market Collapses
The wipeout of Sam Bankman-Fried’s crypto empire, including its crown jewel FTX exchange and sister trading desk Alameda Research, is helping to reduce liquidity across the crypto market.
The decline has been dubbed the “Alameda Gap” by blockchain-data firm Kaiko, named for the trading group at the center of the storm which is closing its books.
Books? You mean they had books? So there were accountants? This is the craziest BS I’ve seen in a long time.
Former FTX CEO Sam Bankman-Fried was right about one thing: He and his inner circle won’t see any more money from the company.
FTX spelled out in a court filing over the weekend that neither Bankman-Fried nor the three recently fired members of his inner circle (nor their family members) will see any compensation from the now-bankrupt company.
The way Bankman-Fried put it on November 10, the day before FTX filed for bankruptcy and he resigned as CEO, making users whole comes first. “After that, investors—old and new—and employees who have fought for what’s right in their career, and who weren’t responsible for any of the f*ck ups,” he wrote on Twitter.
Carvana’s shares have plummeted 97% so far this year as potential buyers grapple with higher interest rates and stubborn inflation. Just last week, the company said it was cutting about 1,500 jobs, or 8% of its workforce, after burning through $2 billion of cash over the six months ended March 31 by at least one measure. Meanwhile, the trading in its bonds show the market believes there is a high chance of default.
Overall, Wall Street’s stance on Carvana has taken a U-turn this year, as valuations of unprofitable companies all around the market tumbled, with investors fleeing for safety and cash becoming scarcer. The average analyst price target on the company currently stands at $24, a far cry from the $375 just a year back.
It reflects the story of yet another stock-market darling of the pandemic time, whose business is confronting the challenges of returning to a more normal pace following a surge in demand. In the third quarter, hedge funds cut their positions in Carvana, making it among the biggest declines in the consumer discretionary group.
‘valuations of unprofitable companies all around the market tumbled’
No!
Money-Losing Tech Stocks Fade Again as Fed Stays Hawkish
Higher rates hurt shares of unprofitable and high-valuation growth companies the most, because their shares are priced on their prospects far out in the future, with bond yields used to discount into today’s dollars the value of earnings that companies may not see for years.
Jim Awad, senior managing director at Clearstead Advisors, expects investors will sort tech stocks into two categories: companies with durable earnings and cash flow, which should regain their losses over time, and then the speculative, unprofitable ones.
“Investors will remain gun shy about the second class of company,” he said. “They got so overvalued, they’ve fallen so much, and some investors have been devastated. The momentum game is over. They can maybe bounce from here, but they won’t be market leaders the way they were before the peak.”
Jim Awad, senior managing director at Clearstead Advisors, expects investors will sort tech stocks into two categories: companies with durable earnings and cash flow, which should regain their losses over time, and then the speculative, unprofitable ones.
And just like that, having steady profits is sexy again.
DraftKings Inc. tumbled on Monday after some customers reported that their accounts were compromised and money was withdrawn.
The phone in your pocket isn’t just a communication device, it’s also a casino.
Within several European countries, there is a growing sentiment that the national government treats Ukrainian refugees better than its own citizens. In September, the leader of Germany’s center-right Christian Democrat party accused Ukrainians of taking advantage of German generosity; a month later, a Rostock hotel housing refugees was set on fire in what police called an act of “politically motivated arson.” Protesters from both the far right and the far left in the Czech Republic, who have united to create a platform called Czech Republic First, have called for “an end to the planned dilution of the nation” by Ukrainian refugees who, they worry, will eventually be granted permanent residence in the country. And on Nov. 11, Poland’s Independence Day, an estimated 100,000 joined a march organized by far-right political parties that included anti-Ukrainian refugee messages, including “Stop the Ukrainization of Poland.”
Sociologist Rafal Pankowski, head of the Polish anti-racism group Never Again, says Polish support for displaced Ukrainians has been unprecedentedly strong, especially when compared to migrants from the Middle East and Africa. But he warns that some groups, like the nationalist party Confederation, are working diligently to erode that support. Groups on the far right are trying to “incite and exploit hostility against Ukrainian refugees, and portray Ukrainian refugees as a threat to Polish identity,” he says.
Throughout Europe, those messages are often carried through established vehicles of disinformation on social media. “In many cases, we are talking about the same groups, and even the same individual activists who were busy for the past two years campaigning against vaccinations and promoting conspiracy theories around the pandemic—they are now promoting hatred against Ukrainian refugees,” says Pankowski.
It’s a death shot Rafal. It doesn’t meet the definition of a vaccine in any way. Stick that up yer sociologist a$$.
Lack of energy for heating homes and running factories, and then having to live with an influx of broke and hungry war refugees. FWIW, Europe is still cast, isolated and tribal.
It’s easy to pretend to be friends when times are good.
Protesters from both the far right and the far left in the Czech Republic, who have united to create a platform called Czech Republic First, have called for “an end to the planned dilution of the nation” by Ukrainian refugees who, they worry, will eventually be granted permanent residence in the country.
They’re all Slavs and they can’t get along. Yet we are expected to absorb a plethora of incompatible cultures.
Home purchases in Jacksonville fell through last month at a higher rate than anywhere in the country, according to data released Monday.
Almost 31% of purchase agreements in Jacksonville fell through in October, the Redfin real estate brokerage reported. It was the second straight month that Jacksonville led the country in that regard.
Jacksonville also had one of the highest rates of price drops compared with the same time last year — another reflection of the dramatic slowdown in the housing market, Redfin said. Nationally, pending home sales fell the most on record in October as rising mortgage rates spooked buyers, Redfin reported. Canceled deals and price cuts hit record highs.
“Almost 31% of purchase agreements in Jacksonville fell through in October, the Redfin real estate brokerage reported.”
Put that coffee down! That coffee is for closers!!
Shares of Redfin Corp. tumbled 9.6% in midday trading Monday, after the real estate services company said pending home sales plunged 32.1% in October from a year ago, the most since it started keeping records in 2013. The drop off in pending sales comes as deal cancellations jumped to a record 17.9% of home that went under contract, and a record 23.9% of homes for sales experienced a price drop. “The Fed’s actions to curb inflation are causing the housing market to slow at a pace not seen since the financial crisis,” said Redfin Economics Research Lead Chen Zhao. Meanwhile, the median U.S. home sale price in October fell 1.4% from September, the biggest month-over-month drop for any October since 2012, but prices were still up 4.9% from a year ago. Redfin’s stock has plummeted 88.0% year to date, while the S&P 500 has lost 17.3%.
“The drop off in pending sales comes as deal cancellations jumped to a record 17.9% of home that went under contract, and a record 23.9% of homes for sales experienced a price drop.”
When will the tow truck arrive for that 7 series beemer?
Investor Home Purchases Drop 30% as Rising Rates, High Prices Cool Housing Market
Wall Street Journal|2 hours ago
Buying activity by companies fell in line with the decline in overall home sales amid higher borrowing costs.
Exclusive: Bankman-Fried’s FTX, parents bought Bahamas property worth $121 million
Reuters|6 hours ago
Fried’s FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years, official property records show.
Rout of Carvana, the ‘Amazon of Used Cars,’ Has No End
TheStreet.com on MSN.com|8 hours ago
Concerns are mounting around Carvana, the “Amazon of used cars.” The company was an investor darling during the pandemic. They hailed the new economy that wanted consumers to buy everything online: groceries,
“Rout of Carvana…”
Soon the seagulls will eat the fly larvae off Carvana’s corpse.
Draper, UT Housing Prices Crater 22% YOY As Desperation Blankets Salt Lake City Housing Market
As one Utah broker explained, “Housing prices are down double digits and inventory is up double digits. Soon it will be a bargain hunters dream date.”
What your property taxes are not paying for.
Thieves caught on camera ransacking car in Cherry Creek (11/20/2022):
“Video captured by a Cherry Creek resident shows thieves getting into the car and then callously taking what they please.
The owner of the car said this has become a sad routine for him and his family. Working on his car has always been a pastime for Juergen Waldvogel.”
A sad routine? The City / County of Denver voted almost 80% Democrat Party in 2020.
“The fact that we’ve been experiencing this constantly (in) our neighborhood is just getting really ridiculous,” Waldvogel said.
He said he may consider renting out his Cherry Creek home and moving elsewhere.
“The fact that this is Cherry Creek, people think it’s a quiet neighborhood and a safe neighborhood but unfortunately there is a lot of money here so it is a target,” Waldvogel said.
He’s filed a police report but said he’s afraid his case will be another stat.
“It’s just another one for the books,” Waldvogel said.
Just another one for the books LOL. Keep paying those property taxes, Juergen.
The news commentator reviewing the security camera footage refers to the thieves as, “these folks” rather than these thieves.
The #1 state for car theft (and it’s not even close) is, believe it or not Colorado. has been since like 2019. The numbers are crazy.
It’s a lost state. Might as well just rename it Eastern California
It amazes me that people leave pricey vehicles on their driveways. Colorado homes have basements, so they should have room in the garage for their cars. Yet in my own nabe driveways are littered with $50K+ vehicles.
As long as housing prices continue cratering, all is well.
Bremerton, WA Housing Prices Crater 17% YOY As Double Digit Price Declines And Plunging Rental Rates Envelop Washington State
I fully agree even though i haven’t toked in a very long time. Like 20 years
“No one deserves to be forever saddled with the impacts of a conviction for simple possession of marijuana — a crime that is no longer on the books in Oregon,”
I clearly remember Reagan’s attorney general Edwin Meese labeling marijuana as a “gateway drug.” Meanwhile the media was trying to delete images of soldiers in Vietnam wearing a helmet and flack vest and a “joint” dangling from their lips.
Colorado just legalized shrooms, though a “prescription” is required. In a few more years they will be legalized as fully recreational, and who knows what will follow? Cocaine, meth, fentanyl?
The libertarian in me says in your home it’s okay, once you get off your property and risk anyone else’s life you have to be held criminally liable for it. No more slaps on the wrist.
once you get off your property
Being on a trip and staying home don’t sound like the same things.
From the first 8 minute video:
SF Bay Area + Sacramento Nov Housing Market: Sales Plunged, Inventory Up, only 40% home sell.
408Home&Loan Inc
Nov 20, 2022
California Association of Real Estate November Housing Market Report: Housing Market Update for 6 Bay Area Counties (Alameda, Contra Costa, San Francisco, Marin, San Mateo, and Santa Clara) + Sacramento County. Median price, home sales, current inventory, days on market for each county. How is housing supply and demand in San Jose today?
The second 3:10 video:
CME Group CEO to SBF “You’re a FRAUD” | On The Tape Podcast
RiskReversal Media
Nov 21, 2022
Guy and Danny discuss the FTX collapse with CME Group CEO Terry Duffy on the latest episode of ‘On The Tape’. Months before the FTX collapse, Terry Duffy held a private meeting with am Bankman-Fried. What went down behind closed doors?
The third 6:33 video:
Wealth of China’s super rich evaporated by nearly 40%: Lowest number of billionaires in 2 decades
Spotlight on China
Nov 21, 2022
Forbes and Hurun released a list of China’s wealthiest people in November. They have seen the most significant drop in their wealth in decades over the past year.
According to Forbes rankings, China’s 100 wealthiest people have seen their total wealth drop by $573 billion since last year. It plunged 39%. This is the most significant drop since the magazine began tracking the country’s wealthiest more than two decades ago.
Metros where homes are selling for the most under asking price
https://omaha.com/business/investment/personal-finance/metros-where-homes-are-selling-for-the-most-under-asking-price/collection_ab10988e-3cd9-54f7-bd62-bad3588063e4.html#1
#32 – Wenatchee, WA
I know a married couple who are both engineers, one was raised there, and they decided years ago to avoid buying a home there as it was simple too expensive. It’s a nice area, maybe 8 on a 10 scale, but it has been a destination for successful equity locust retirees from the Portland to Seattle metro areas.
#18 – Key West, FL
With a median sale price of $805,000 and an elevation of 3-ft, I imagine the hurricane insurance is expensive there.
#12 – Las Cruces, NM
Looks barren, IMHO, maybe worse in the summer months?
Thinking of buying a home? Here’s why you should offer less than asking.
USA Today|14 hours ago
But this relief has come at a high price … Or maybe the home has serious (and expensive) issues that have turned off other potential buyers, in which case, you might be able to get a deal — if you’re willing and able to fix those problems (or get …
Used car prices tank to 52-week low
Mon, November 21, 2022 at 9:09 AM
Yahoo Finance Live’s Brian Sozzi breaks down the stat of the day.
Video Transcript
BRIAN SOZZI: All right, if you’re curious on why Carvana has just laid off another 1,500 people and has become a true battleground stock, maybe this chart from the folks at Compound Capital will help. Used car prices have tanked to a 52-week low as higher interest rates have pushed potential car buyers to the sidelines.
https://news.yahoo.com/used-car-prices-tank-52-150920022.html
A comment:
Hold out and punish the dealers, they made record profits at the expense the American consumer.
I friend of mine made 250K selling used cars at a Ford dealership in one year. He actually stated that he was embarrassed telling customers how much they wanted for used cars.
Wholesale prices have dropped dramatically while retail prices have not, and the dealers are still trying to get insane prices.
More from the comments: “hahahaha stupid americans who paid above MSRP for a new car.”
Gotta love the schadenfreude. 🙂
Bank-owned properties: What are they and where can I find them?
“On rare occasions, there’s a tidy equity position to be realized by purchasing and rehabilitating a bank owned property, either for occupancy, as an investment or a short-term fix-and-flip,” sats Sam Olson, CRS, team lead of Nevada-based The Olson Group with RE/MAX Gold.
The upfront cost of an REO property may translate to a worthwhile ROI (return on investment), but not always. For example, the average purchase price of an REO in Reno was 90 percent of the value when sold traditionally — a “tight margin,” Olson says. Buyers often have to spend more money after the sale, which can eat into profit. That’s because bank-owned or REO properties typically require work. After all, if the previous owner couldn’t keep up with mortgage payments, they likely couldn’t keep up with maintenance, either.
“For the casual or first-time purchaser, an REO purchase has very high risks for a smaller than imagined reward,” Olson says.
In a traditional home sale, a seller might give a buyer a credit, or concession, for something that needs to be fixed. For example, if a home inspection reveals that the furnace needs replacing, the seller might offer a small discount on price. That is not a standard process in a bank-owned transaction. “Most banks will allow inspections,” Olson says, “but will not provide any assistance in repairs, which can add up quickly.”
https://www.msn.com/en-us/money/realestate/bank-owned-properties-what-are-they-and-where-can-i-find-them/ar-AA14n88m
Sam, you hammer them on the price. You don’t say anything about repairs, that’s a given.
Sam, you hammer them on the price.
I mentioned this before but worth mentioning again.
Banks do at times have “sales” on foreclosed properties. Last crash my TBTF bank had “sales” (wanted to get rid of the inventory) on lower end properties and higher end ones for a while. But were not dealing in the middle segment.
“they likely couldn’t keep up with maintenance, either.”
Depreciation is a bitch….. day after day and month after month…as long as the clock ticks, it’s depreciating rapidly…. at $4 per square foot per year…. and no amount of hoof stamping will ever change it.
Cedar Park, TX Housing Prices Crater 33% YOY As Austin’s Fraud And Foreclosure Riddled Housing Market Collapses
https://www.movoto.com/tx/78613/market-trends/
The wipeout of Sam Bankman-Fried’s crypto empire, including its crown jewel FTX exchange and sister trading desk Alameda Research, is helping to reduce liquidity across the crypto market.
The decline has been dubbed the “Alameda Gap” by blockchain-data firm Kaiko, named for the trading group at the center of the storm which is closing its books.
https://finance.yahoo.com/news/ftx-latest-genesis-bankruptcy-warning-231302890.html
Books? You mean they had books? So there were accountants? This is the craziest BS I’ve seen in a long time.
Former FTX CEO Sam Bankman-Fried was right about one thing: He and his inner circle won’t see any more money from the company.
FTX spelled out in a court filing over the weekend that neither Bankman-Fried nor the three recently fired members of his inner circle (nor their family members) will see any compensation from the now-bankrupt company.
The way Bankman-Fried put it on November 10, the day before FTX filed for bankruptcy and he resigned as CEO, making users whole comes first. “After that, investors—old and new—and employees who have fought for what’s right in their career, and who weren’t responsible for any of the f*ck ups,” he wrote on Twitter.
https://finance.yahoo.com/news/ftx-bankruptcy-filing-no-amounts-000354922.html
Carvana’s shares have plummeted 97% so far this year as potential buyers grapple with higher interest rates and stubborn inflation. Just last week, the company said it was cutting about 1,500 jobs, or 8% of its workforce, after burning through $2 billion of cash over the six months ended March 31 by at least one measure. Meanwhile, the trading in its bonds show the market believes there is a high chance of default.
Overall, Wall Street’s stance on Carvana has taken a U-turn this year, as valuations of unprofitable companies all around the market tumbled, with investors fleeing for safety and cash becoming scarcer. The average analyst price target on the company currently stands at $24, a far cry from the $375 just a year back.
It reflects the story of yet another stock-market darling of the pandemic time, whose business is confronting the challenges of returning to a more normal pace following a surge in demand. In the third quarter, hedge funds cut their positions in Carvana, making it among the biggest declines in the consumer discretionary group.
https://finance.yahoo.com/news/carvana-stock-rout-hits-97-160741668.html
‘valuations of unprofitable companies all around the market tumbled’
No!
Money-Losing Tech Stocks Fade Again as Fed Stays Hawkish
Higher rates hurt shares of unprofitable and high-valuation growth companies the most, because their shares are priced on their prospects far out in the future, with bond yields used to discount into today’s dollars the value of earnings that companies may not see for years.
Jim Awad, senior managing director at Clearstead Advisors, expects investors will sort tech stocks into two categories: companies with durable earnings and cash flow, which should regain their losses over time, and then the speculative, unprofitable ones.
“Investors will remain gun shy about the second class of company,” he said. “They got so overvalued, they’ve fallen so much, and some investors have been devastated. The momentum game is over. They can maybe bounce from here, but they won’t be market leaders the way they were before the peak.”
https://finance.yahoo.com/news/money-losing-tech-stocks-fade-113955827.html
You got schlonged Jim.
Jim Awad, senior managing director at Clearstead Advisors, expects investors will sort tech stocks into two categories: companies with durable earnings and cash flow, which should regain their losses over time, and then the speculative, unprofitable ones.
And just like that, having steady profits is sexy again.
DraftKings Inc. tumbled on Monday after some customers reported that their accounts were compromised and money was withdrawn.
https://news.yahoo.com/draftkings-tumbles-report-unauthorized-money-170304356.html
The phone in your pocket isn’t just a communication device, it’s also a casino.
Within several European countries, there is a growing sentiment that the national government treats Ukrainian refugees better than its own citizens. In September, the leader of Germany’s center-right Christian Democrat party accused Ukrainians of taking advantage of German generosity; a month later, a Rostock hotel housing refugees was set on fire in what police called an act of “politically motivated arson.” Protesters from both the far right and the far left in the Czech Republic, who have united to create a platform called Czech Republic First, have called for “an end to the planned dilution of the nation” by Ukrainian refugees who, they worry, will eventually be granted permanent residence in the country. And on Nov. 11, Poland’s Independence Day, an estimated 100,000 joined a march organized by far-right political parties that included anti-Ukrainian refugee messages, including “Stop the Ukrainization of Poland.”
Sociologist Rafal Pankowski, head of the Polish anti-racism group Never Again, says Polish support for displaced Ukrainians has been unprecedentedly strong, especially when compared to migrants from the Middle East and Africa. But he warns that some groups, like the nationalist party Confederation, are working diligently to erode that support. Groups on the far right are trying to “incite and exploit hostility against Ukrainian refugees, and portray Ukrainian refugees as a threat to Polish identity,” he says.
Throughout Europe, those messages are often carried through established vehicles of disinformation on social media. “In many cases, we are talking about the same groups, and even the same individual activists who were busy for the past two years campaigning against vaccinations and promoting conspiracy theories around the pandemic—they are now promoting hatred against Ukrainian refugees,” says Pankowski.
https://www.msn.com/en-us/news/world/as-winter-descends-europe-cools-on-ukrainian-refugees/ar-AA14mNHw
It’s a death shot Rafal. It doesn’t meet the definition of a vaccine in any way. Stick that up yer sociologist a$$.
Lack of energy for heating homes and running factories, and then having to live with an influx of broke and hungry war refugees. FWIW, Europe is still cast, isolated and tribal.
It’s easy to pretend to be friends when times are good.
Protesters from both the far right and the far left in the Czech Republic, who have united to create a platform called Czech Republic First, have called for “an end to the planned dilution of the nation” by Ukrainian refugees who, they worry, will eventually be granted permanent residence in the country.
They’re all Slavs and they can’t get along. Yet we are expected to absorb a plethora of incompatible cultures.
Home purchases in Jacksonville fell through last month at a higher rate than anywhere in the country, according to data released Monday.
Almost 31% of purchase agreements in Jacksonville fell through in October, the Redfin real estate brokerage reported. It was the second straight month that Jacksonville led the country in that regard.
Jacksonville also had one of the highest rates of price drops compared with the same time last year — another reflection of the dramatic slowdown in the housing market, Redfin said. Nationally, pending home sales fell the most on record in October as rising mortgage rates spooked buyers, Redfin reported. Canceled deals and price cuts hit record highs.
https://news.wjct.org/first-coast/2022-11-21/almost-a-third-of-home-purchases-fall-through-in-jacksonville
“Almost 31% of purchase agreements in Jacksonville fell through in October, the Redfin real estate brokerage reported.”
Put that coffee down! That coffee is for closers!!
Shares of Redfin Corp. tumbled 9.6% in midday trading Monday, after the real estate services company said pending home sales plunged 32.1% in October from a year ago, the most since it started keeping records in 2013. The drop off in pending sales comes as deal cancellations jumped to a record 17.9% of home that went under contract, and a record 23.9% of homes for sales experienced a price drop. “The Fed’s actions to curb inflation are causing the housing market to slow at a pace not seen since the financial crisis,” said Redfin Economics Research Lead Chen Zhao. Meanwhile, the median U.S. home sale price in October fell 1.4% from September, the biggest month-over-month drop for any October since 2012, but prices were still up 4.9% from a year ago. Redfin’s stock has plummeted 88.0% year to date, while the S&P 500 has lost 17.3%.
https://www.msn.com/en-us/money/realestate/redfin-sees-pending-home-sales-fall-by-a-record-in-october-as-cancellations-surge/ar-AA14nq5C
“The drop off in pending sales comes as deal cancellations jumped to a record 17.9% of home that went under contract, and a record 23.9% of homes for sales experienced a price drop.”
When will the tow truck arrive for that 7 series beemer?
Investor Home Purchases Drop 30% as Rising Rates, High Prices Cool Housing Market
Wall Street Journal|2 hours ago
Buying activity by companies fell in line with the decline in overall home sales amid higher borrowing costs.
Exclusive: Bankman-Fried’s FTX, parents bought Bahamas property worth $121 million
Reuters|6 hours ago
Fried’s FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years, official property records show.
Rout of Carvana, the ‘Amazon of Used Cars,’ Has No End
TheStreet.com on MSN.com|8 hours ago
Concerns are mounting around Carvana, the “Amazon of used cars.” The company was an investor darling during the pandemic. They hailed the new economy that wanted consumers to buy everything online: groceries,
“Rout of Carvana…”
Soon the seagulls will eat the fly larvae off Carvana’s corpse.
Draper, UT Housing Prices Crater 22% YOY As Desperation Blankets Salt Lake City Housing Market
https://www.movoto.com/ut/84020/market-trends/
As one Utah broker explained, “Housing prices are down double digits and inventory is up double digits. Soon it will be a bargain hunters dream date.”
What your property taxes are not paying for.
Thieves caught on camera ransacking car in Cherry Creek (11/20/2022):
“Video captured by a Cherry Creek resident shows thieves getting into the car and then callously taking what they please.
The owner of the car said this has become a sad routine for him and his family. Working on his car has always been a pastime for Juergen Waldvogel.”
A sad routine? The City / County of Denver voted almost 80% Democrat Party in 2020.
“The fact that we’ve been experiencing this constantly (in) our neighborhood is just getting really ridiculous,” Waldvogel said.
He said he may consider renting out his Cherry Creek home and moving elsewhere.
“The fact that this is Cherry Creek, people think it’s a quiet neighborhood and a safe neighborhood but unfortunately there is a lot of money here so it is a target,” Waldvogel said.
He’s filed a police report but said he’s afraid his case will be another stat.
“It’s just another one for the books,” Waldvogel said.
https://kdvr.com/news/local/thieves-caught-on-camera-ransacking-car-in-cherry-creek/
Just another one for the books LOL. Keep paying those property taxes, Juergen.
The news commentator reviewing the security camera footage refers to the thieves as, “these folks” rather than these thieves.
The #1 state for car theft (and it’s not even close) is, believe it or not Colorado. has been since like 2019. The numbers are crazy.
It’s a lost state. Might as well just rename it Eastern California
It amazes me that people leave pricey vehicles on their driveways. Colorado homes have basements, so they should have room in the garage for their cars. Yet in my own nabe driveways are littered with $50K+ vehicles.
As long as housing prices continue cratering, all is well.
Bremerton, WA Housing Prices Crater 17% YOY As Double Digit Price Declines And Plunging Rental Rates Envelop Washington State
https://www.movoto.com/bremerton-wa/market-trends/
I fully agree even though i haven’t toked in a very long time. Like 20 years
“No one deserves to be forever saddled with the impacts of a conviction for simple possession of marijuana — a crime that is no longer on the books in Oregon,”
https://www.yahoo.com/news/oregon-gov-kate-brown-pardons-073035144.html
I clearly remember Reagan’s attorney general Edwin Meese labeling marijuana as a “gateway drug.” Meanwhile the media was trying to delete images of soldiers in Vietnam wearing a helmet and flack vest and a “joint” dangling from their lips.
Colorado just legalized shrooms, though a “prescription” is required. In a few more years they will be legalized as fully recreational, and who knows what will follow? Cocaine, meth, fentanyl?
The libertarian in me says in your home it’s okay, once you get off your property and risk anyone else’s life you have to be held criminally liable for it. No more slaps on the wrist.
once you get off your property
Being on a trip and staying home don’t sound like the same things.
Fentanyl might solve their problems.