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Builders Are Racking Up The Staggering Cost Of Inventory And A Possible Foreclosure Wave Could Hit

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  1. From the first 7:30 video:

    Is the Morgan Hill Housing Market about to fall apart?
    Christa Nielsen – Silicon Valley Living
    Premiered Nov 22, 2022
    There’s been a lot of talk lately about a potential correction in the California housing market. But what does that mean for Morgan Hill? In this video, we take a look at the data and see if there’s any truth to the rumors.

    The second 11:43 video:

    HUGE DIFFERENCE in SOLD PRICE in the St. George Housing Market NOW vs THEN
    Living In St. George, Utah
    Nov 22, 2022

    The third 10 minute video:

    Brampton Home Prices Hit Harder Than Mississauga & Durham
    Team Sessa Real Estate
    Nov 23, 2022
    Brampton, Mississauga, Ajax, Whitby, Pickering Real Estate Market Report for the week of Nov 10 – Nov 16, 2022.

    The fourth 12:49 video:

    Foreclosure Wave In Boise Idaho, HOME Prices dropping fast.
    Good News Real Estate
    Nov 23, 2022
    Foreclosure Wave In Boise Idaho, HOME Prices dropping fast. #housingmarket #foreclosure #zillow

    Homebuilders are feeling the decline in new home prices in the Boise housing market. Homes are coming off the housing market, builders are no longer building, and homes are staying up for sale longer but home prices are barely coming down in price at all. New home builders are racking up the staggering cost of inventory and a possible foreclosure wave could hit treasure valley. CBH homes, Boise hunter homes, Hubble Homes, Toll Brother homes, and Biltmore homes. Affordable homes in Boise, Idaho? Looking more like a possibility. Idaho housing market forecast 2023. latest Boise real estate market news.

    Inflation, cost of living, and Fed rates are crippling the housing market.

    1. “Foreclosure Wave In Boise Idaho, HOME Prices dropping fast.”

      I hope this hits the California equity locusts the hardest.

  2. Red-hot market for buying dental, veterinary and other health practices begins to cool

    Douglas Jack, a lawyer at Borden Ladner Gervais who specializes in working with veterinarians, said veterinary consolidators have dramatically slowed their buying in the past two months, with some stopping altogether.

    He said practices that were attracting offers of 15 to 20 times EBITDA a year ago are now getting offers of seven to 10 times EBITDA, and more of those offers are being made with payment partly through stock in the parent company.

    With offers coming in at lower values, many professionals thinking of selling their practices may hold off longer to see if the market rebounds, which could result in more of a near-term slowdown.

    “I think it’s going to be a two-way approach, where buyers are going to want lower valuations to go ahead and do the deal, and sellers are maybe not going to be satisfied with that,” said Alan Ulsifer, CEO of Calgary-based optometry network FYidoctors.

    Sina Amiri, a dental industry consultant and vice-president of revenue for Zentist, said the furious pace of acquisitions in the past few years by big corporate players was a land grab, and much of the low-hanging fruit – the clinics with doctors most eager to sell – has now been picked.

    “Now you’re getting into the harder stuff,” Mr. Amiri said. “The harder-to-get transactions just move more slowly, and those guys and gals have more options. They may not necessarily need to sell today.”

    He said he expects more consolidators to turn to buying each other in the months and years ahead – a movement that may already be under way. Rivals 123Dentist and Altima Dental merged in July with the backing of private equity firms and U.S. giant Heartland Dental, and Dentalcorp announced Monday it was beginning a strategic review process in response to unsolicited offers.

    For those independent health care professionals who own a practice and are thinking of selling, those in the industry say it may be a while – if ever – when purchase prices return to the heights seen earlier this year.

    “There’s a lot of people who have missed the boat and are kicking themselves,” Mr. Jack said.

    https://www.theglobeandmail.com/business/small-business/article-dental-veterinary-health-practice-market-cooling/

  3. New York will shell out hundreds of millions to migrants who have descended on the city since crossing the US-Mexico border — and Daniel Barber, for one, is disgusted.

    Barber, 53, who represents New York City Housing Authority’s 339,000 tenants, said, “The city is going to put forth a ton of money for these people who aren’t even citizens, but they forgot about the people who live in public housing right here.”

    Last week, the Independent Budget Office projected the city will spend at least $596 million a year to provide shelter, education, health care and legal aid to more than 17,000 asylum seekers after Texas Governor Greg Abbott began busing them in from Texas this summer.

    In fiscal 2021, NYCHA doled out $773,700 to “support various tenant-based initiatives,” according to the city. NYCHA is the largest public housing administration in North America, with $4.2 billion in expenditures this year, the City Council’s Finance Division Report states.

    Barber said he resents the city for helping asylum seekers find jobs and signing them up for training when thousands of young people in NYCHA need better access to jobs and after-school programs to keep them out of gangs and off the streets.

    “They are going to train a bunch of people coming into the country, but those already here who apply through hoops to get in, can’t get in,” said Barber, who represents every person living in the 335 housing developments in the five boroughs as their elected president.

    He added that the recent increase in violence among young people “stems from the fact that there are no community programs for them” once they get out of school.

    https://nypost.com/2022/11/23/nycha-president-city-pays-millions-for-migrants-but-wont-help-us/

    You can have a safety net or you can have open borders, but you can’t have both.

  4. A barrage of Russian missile strikes against Ukrainian energy facilities prompted the country’s grid operator to halt three nuclear power plants and enact emergency blackouts amid below-zero temperatures.

    “When it is freezing temperature outside and millions of people are cut off from electricity, heating and water as a result of Russia’s missile attack on energy facilities, it is a clear crime against humanity,” Zelenskiy told the gathering in a virtual appearance. “We are waiting for the world’s tough response to Russia’s terror. Ukraine proposes the UN Security Council to adopt a resolution on condemning any form of energy terror.”

    https://ca.news.yahoo.com/ukraine-latest-ukraine-enacts-emergency-144747659.html

    Uh, dancing cowgirl, remember shock and awe? The ‘UN” regime changes all over the place (Iraq, Syria, Libya, Yemen) destroyed energy and infrastructure grids in hours. You’ve had energy and a chance to negotiate for years and kept shelling civilians relentlessly. So enjoy yer candles and put on another sweater, cuz you are the war criminal.

    We used to have a poster Rio. He didn’t even know the US and Britain firebombed Germany and Japan in WW2. Yeah, burned hundreds of thousands to death over and over. That’s yer new world order.

  5. Globalist scum media.

    Washington Post — Be thankful for the pugnacious Zelensky’s magnificent resistance to suppression (11/23/2022):

    “Timothy Snyder, the Yale historian, sees Ukraine’s struggle as the hinge on which history will turn, just as Czechoslovakia was, unhappily, the hinge in 1938. Writing in Foreign Affairs (“Ukraine Holds the Future”), Snyder argues that Vladimir Putin’s rhetoric about Ukraine resembles Adolf Hitler’s about Czechoslovakia “to the point of plagiarism”: A neighboring democracy is a tyranny; the state in question is illegitimate; the nation is a fiction.”

    Propaganda and lies.

    “Some people are forever banging on about how they are on “the right side of history.” Such historicism is not an argument but a gambit to forestall argument. As Snyder says, “Ukrainian resistance to what appeared to be overwhelming force reminded the world that democracy is not about accepting the apparent verdict of history.”

    Ukraine is not a democracy.

    “It is about making history; striving toward human values despite the weight of empire, oligarchy, and propaganda; and, in so doing, revealing previously unseen possibilities.”

    https://archive.ph/Drhvm

    Russia is winning.

  6. Everything you’ve been told by these globalists for the past two years is a lie.

    Washington Post — Covid is no longer mainly a pandemic of the unvaccinated (11/23/2022):

    “For the first time, a majority of Americans dying from the coronavirus received at least the primary series of the vaccine.

    Fifty-eight percent of coronavirus deaths in August were people who were vaccinated or boosted, according to an analysis conducted for The Health 202 by Cynthia Cox, vice president at the Kaiser Family Foundation.

    It’s a continuation of a troubling trend that has emerged over the past year. As vaccination rates have increased and new variants appeared, the share of deaths of people who were vaccinated has been steadily rising.”

    https://archive.ph/Cu4uO

    Today is a good day to say goodbye to any of your family that has been injected with this experimental mRNA poison, because at next year’s Thanksgiving, half of those seats at the dinner table will be empty.

    1. This is what the globalists want for the United States.

      New York Times — In a Challenge to Beijing, Unrest Over Covid Lockdowns Spreads(11/24/2022):

      “As China’s harsh Covid rules extend deep into their third year, there are growing signs of discontent across the country. For China’s leader, Xi Jinping, the unrest is a test of his precedent-breaking third term in power and underscores the urgent political question of how he can lead China out of the Covid era.

      The rare displays of defiance over the past two weeks are the most visible signs of frustration and desperation with the lockdowns, quarantines and mass testing that have upended everyday life. The anger, combined with outbreaks of Covid across the country that have driven cases to an all-time high, augurs a dark winter ahead.

      Earlier this month, officials said they would adjust Covid restrictions to limit the impact the disruptions have had on the economy and government resources. The latest surge in cases has called that pledge into question, with many officials falling back on familiar heavy-handed measures to try to stop the spread of the virus.

      https://archive.ph/vXO1m

      1. This is what the globalists want for the United States.

        HuffPaint — China Expands Lockdowns As COVID Cases Hit Daily Record (11/24/2022):

        “Pandemic lockdowns are expanding across China, including in a city where factory workers clashed this week with police, as the number of COVID-19 cases hits a daily record.

        While the number of cases and deaths is relatively low compared to the U.S. and other countries, China’s ruling Communist Party remains committed to a “zero-COVID” strategy that aims to isolate every case and eliminate the virus entirely.

        Businesses and residential communities from the manufacturing center of Guangzhou in the south to Beijing in the north are in various forms of lockdowns, measures that particularly affects blue-collar migrant workers. In many cases, residents say the restrictions go beyond what the national government allows.

        Guangzhou suspended access Monday to its Baiyun district of 3.7 million residents, while residents of some areas of Shijiazhuang, a city of 11 million people southwest of Beijing, were told to stay home while mass testing is conducted.

        Beijing opened a hospital in an exhibition center. It suspended access to the Beijing International Studies University after a virus case was found there. Some shopping malls, and office buildings were closed and access was blocked to some apartment compounds.

        Suggesting some of those measures might be at least semi-permanent, workers were erecting a 2-meter (7-foot)-high fence around the aging, low-rise brick apartment buildings in Beijing’s Hongmiao Beili community.

        A half dozen people in hazmat suits manned the entrance to a lane running through the community, standing behind waist-high steel barriers usually used for crowd control.

        https://www.huffpost.com/entry/china-lockdowns-covid-expanded_n_637f3f6ee4b082d8e6cde5d3

        Globalists gonna globe.

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