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The Days Are Gone Of Being Greedy And Just Throwing A Price Out There

A report from Money. “When Bob J. saw a model home he liked in a subdivision northwest of Dallas in October, a quick 24-hour negotiation with the builder netted him a savings of $125,000, free furniture and a fully decked out backyard already complete with a pool. ‘My real estate agent knew that the model home was four years old, and the builder was using another model for sales,’ says Bob, who asked to be identified only by his first name and last initial because he doesn’t want his new neighbors to know about the deal he got. ‘We were ready to buy, and we understood the builder’s need to sell.'”

“‘Buyers can ask politely about items they would like to have and often sellers are happy not to have to move them,’ says Nathan Zieman, a real estate agent with The Corcoran Group in Delray Beach, Florida. ‘Really, everything is negotiable, and you could be doing the sellers a favor.’ This is especially true for estate sales and vacation homes.”

Axios on Washington. “The value of a typical Seattle-area home fell 5.8% between April and November, a much steeper drop than the normal seasonal decline, according to Zillow. In another sign of a fast-cooling market, the number of homes listed for sale in and around Seattle this month was more than double the number listed a year earlier, per Zillow data. Earlier this fall, Seattle-based real estate brokerage Redfin pegged Seattle as having the nation’s fastest-cooling housing market. That trend has continued, Redfin deputy chief economist Taylor Marr told Axios, with Seattle seeing ‘the sharpest cooldown in the nation. It’s gone from blazing hot to icy cold,’ Marr said.”

The Portland Press Herald. “A total of 1,289 homes in Maine changed hands last month, a 19.4% decrease from October and a 28.7% decrease from November 2021. All 16 counties experienced fewer sales, but two counties bucked the long-running trend and saw prices dip for the three-month period ending Nov. 30. Prices fell by 8.3%, from $290,000 to $266,000, in Waldo County; and by 4.4%, from $339,750 to $324,900, in Hancock County.”

The Milton Courier in Wisconsin. “Newville Trails, a subdivision just off Interstate 90/39 at Newville, sits platted out. Streets are laid in a circle around it, poised for residential growth. But it will be a quiet Christmas for the less than a dozen families who so far are the only residents. Plans filed with Rock County planning authorities in April 2021 showed the then newly-platted subdivision could grow to have as many as 62 homes. But as of this month, just a handful of dwellings have been built, and some are unfinished going into the winter months. There is evidence that some residential wells were drilled earlier this year. But those are the only apparent improvements at otherwise inactive parcels in the hilltop subdivision, an indicator that some projects in the pipeline have gone on hold.”

“Kyle Carrier, a real estate agent in Edgerton who is marketing some of the Newville Trails homes said one Madison-area builder involved in new home construction in the Newville Trails subdivision intends to resume building there at some point. In one case, a builder Carrier works with to sell homes on speculation has sold 10 new single-family homes in Beloit to an investor who may rent the properties in the short-term. Carrier said the investor could close on more homes next year with the same plan if market conditions remain depressed.”

From Mansion Global. “After nearly three topsy-turvy years, the real estate market in New York City has started to look more like pre-pandemic times, according to a report from StreetEasy. Rising borrowing costs resulted in home sales in the city dropping 35% in November compared to the same time a year ago, the data showed. In addition, 11.7% of sellers cut their asking prices, up 2.1% from last year. ‘The New York City market is drawing a resemblance to 2019, when rising inventory led to more price cuts and tempered sale prices,’ StreetEasy economist Kenny Lee said.”

“In Manhattan, the typical home sold for $1.1 million last month, about 0.5% below its peak in August, the figures showed. At the same time, new listings fell 16.7% year over year and nearly 11% of listings got price cuts. A typical listing with a price cut slashed its asking price by 5.3%—the highest margin since October 2020.”

From Boston.com in Massachusetts. “The 3,806 single-family sales in November reflect a roughly 29% decrease year over year and about a 35% drop since 2020, according to a report The Warren Group released Wednesday. The 1,663 condo sales in November represent a 22% decrease year over year and a 22% dip since 2020. The median sales prices were higher in the condo and single-family markets in November, but they were down from their spring peak, said Melvin A. Vieira Jr., GBAR president. ‘It’s quite likely we’ve hit the ceiling on prices, at least for now,’ Vieira said. ‘Buyers simply can’t afford as much home as they could just six months ago, and with listings starting to sit longer and become more plentiful, sellers are having to lower their expectations on property value and even make price adjustments to attract offers.'”

“Doing a deep-dive into the market in Cambridge, the report finds roughly a 30% drop in single-family homes sales and a 28% decline in condo purchases. The median sales price for a house dropped about 14% to $1,850,000. Contrast this with sales in the city of Quincy, which were down roughly 39% for condos and roughly 43% for single-family homes. The median sales prices are a mixed bag: The cost of a condo in the ‘City of Presidents’ fell 33.3% to $339,950 in November.”

The Modesto Bee. “Even as home sale prices take a dip throughout much of California and the Central Valley, prices are holding fairly steady in the Modesto region. The median sale price for a single-family home in Stanislaus County in November was $430,000, the same median price as the month before and a dip of just $5,000 over the previous year, according to new data from the California Association of Realtors. Meanwhile, the median sale price in California dropped 3% between October and November. Most of the Central Valley’s heavily-populated counties saw declines, including Sacramento, Fresno, Tulare, Placer and Merced.”

ABC 11 on North Carolina. “Although there are new places being built in Raleigh, construction overall is slipping. On the upside, there is more room for negotiation. ‘The days are gone of being greedy and just throwing a price out there. You have to be smart as a seller with your pricing because there are fewer buyers out there for your home,’ said Compass realtor Dannid Dichito. ‘It’s a better time for buyers, especially first-time home buyers because you’re actually most of time getting an under asking price accepted and that’s a great thing because your total costs and everything is going to come down.'”

The Deep Dive. “Canada’s de-facto futures housing market is backfiring for investors looking to make a profit on the country’s skyrocketing real estate values. With interest rates rapidly on the rise and no sign of relief anytime soon, Canadian home prices are plunging across the country— leaving investors suddenly vulnerable to massive losses. ‘What you’re seeing is a sizeable chunk of people who went out there and bought these condos thinking that it was an easy flip and an easy way to make money,’ explained Jordon Scrinko, a real estate agent from Ontario, to Bloomberg. ‘Unfortunately there’s far more inventory than anyone expected, and the market isn’t where they were hoping.'”

The NL Times. “Average home sales prices in the Netherlands fell for the fourth month in the row, with November representing the sharpest recorded decrease since May 2013. Owner occupied homes sold in November cost nearly 1 percent less on average than in October, according to Statistics Netherlands (CBS). After years of sharp, dramatic increases in housing prices, a peak was reached in July. Despite the decrease in November, homes still sold for prices that were 4.9 percent higher than 12 months earlier. That reflected the lowest year-on-year increase in over six years, the CBS said. The year-on-year increase recently peaked at over 21 percent at the start of 2022.”

From Bloomberg. “A leading Hong Kong developer has won a bid for land in a traditionally expensive area for the lowest price in eight years, in another sign of the city’s weakening real estate market. Tycoon Victor Li’s CK Asset Holdings Ltd won the site designated for residential and commercial use in Kai Tak, the former airport area, for HK$8.7 billion (US$1.1 billion), the government said late Wednesday. The bid translates to HK$6,138 per square foot, the lowest since 2014, according to Midland Holdings Ltd.”

“On top of high construction costs, ‘investment sentiment in recent months has made developers more cautious in bidding,’said Alvin Lam, a director at the surveyor unit of Midland. Lam previously valued the property at HK$14.9 billion, more than 70% higher than the transaction price.”

Daily Mail Australia. “Home borrowers who took out fixed rate loans last year face a tough time in 2023 as their monthly repayments surge by 40 per cent – potentially worsening home price falls. A borrower with an average $600,000 mortgage would see their monthly repayments abruptly surge by at least 40.8 per cent, or an increase of $934 from $2,291 to $3,225. Real estate data group CoreLogic’s Pain and Gain report predicted ‘2023 is expected to be a more testing year for the resales market’. ‘The majority of outstanding fixed loan terms secured through the pandemic will have expired by the end of next year,’ it said. ‘This could prompt more motivated selling in a high interest rate environment, even if property sellers have to endure a loss.'”

“CoreLogic has highlighted the areas where a higher proportion of sellers are making a loss, compared with what they paid for the property. In the Melbourne council area – covering Docklands and Carlton – 39 per cent of homes sold for a loss in the September quarter, with vendors losing a median amount of $55,000 after a typical holding period of eight years and four months.”

“Melbourne unit owners were much more likely to make a loss, with 15.7 per cent selling for less than they paid, compared with just 1.1 per cent of house sellers. Parramatta in Sydney’s west had a 20 per cent loss rate, with sellers typically losing $49,360 after offloading properties with a median hold period of six years and nine months. This was much higher than greater Sydney’s average loss rate of 7.8 per cent  – the highest level in three years. Unit sellers in Sydney are much more likely to make a loss, with 13.1 per cent of people in this situation, compared with 1.8 per cent of house sellers.”

“Darwin was pretty bad with 35 per cent of sales at a loss, with home owners losing $65,000 after holding the property for nine years and six months. In the Northern Territory capital, almost half or 48.2 per cent of apartment sellers made a loss, compared with 16 per cent of house sellers. In Perth, 34.1 per cent of units sold at a loss, compared with 7.5 per cent of houses. The West Australian capital accounted for 21 per cent of Australia’s loss-making sales in the September quarter of 2022, with homes offloaded after a median hold period of eight years and 10 months.”

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This Post Has 151 Comments

    1. Washington Post Editorial Board — Zelensky’s visit highlights that freedom is winning in Ukraine — for now (12/21/2022):

      “Standing before a joint session of Congress on Wednesday, Mr. Zelensky thanked the United States for its military and financial support, presented a flag signed by troops defending the the Ukrainian city of Bakhmut and characterized his country’s struggle as the front line in a global battle for freedom and democracy against tyrants seeking to rewrite the international order. Likening the war in Ukraine to the American Revolution, he declared that “the Russian tyranny has lost control over us.”

      “Ukrainian courage and American resolve must guarantee the future of our common freedom,” he said.

      A fresh package of $44.9 billion in economic and military aid, included in Congress’s must-pass omnibus spending bill, will bring total U.S. support since the war began to $110 billion.

      https://archive.ph/QhEYF

      Nobody outside of the Beltway “stands with Ukraine” or supports this phony war. Anybody who votes to send another penny to these globalists is guilty of TREASON.

      Russia is winning.

      1. Freedom is winning???

        A corrupt to the bone Ukraine that has banned all opposition parties, arrested opposition leadership, seized all media, arrests dissenters, bans chuches and has brided pefo Joe and his Coke head perverted son.

        Zelensky’s party was originally installed in a 2014 coup overthrowing a legitimate elected government and then proceeded to shell the Donbas for eight years killing 14,000.

        1. banned all opposition parties, arrested opposition leadership,

          That sounds like exactly what happened in South Vietnam yet we still sent troops to die for freedom.

          1. You mustn’t let your Ukrainian mail order bride distract you from studying for your realtor’s license.

          3. “…Ukrainian mail order bride…”

            There are so many gorgeous ladies in eastern Europe, but cigarette smoking is a huge turn-off for me.

          4. but cigarette smoking is a huge turn-off for me

            I’m sure there are things about them far worse than cig breath.

        2. “Couldn’t they have bought him a suit…”

          Those Yankee dollars have likely hired a U.S. global PR firm that advised him to stick with olive drab and leave his leather chaps at home.

        3. Couldn’t they have bought him a suit for all the billions pilfered by that little troll?

          It’s all political theater. This “look” is designed so as to make him appear like he’s “in the trenches.”

          2. This “look” is designed so as to make him appear like he’s “in the trenches.”

            while his fake wife goes on a shopping spree in Paris, which was bad optics and quickly consigned to the memory hole.

    2. HuffPaint — Twitter Users Slam Donald Trump Jr. For Calling Volodymyr Zelenskyy A ‘Welfare Queen’ (12/21/2022):

      “Ukrainian President Volodymyr Zelenskyy’s visit to Washington on Wednesday gave him a chance to ask the U.S. for more aid to help his country fight Russia’s invasion.

      It also gave Twitter users a chance to slam Donald Trump Jr. for making another clueless, out-of-touch comment that attempts but fails to own those danged libs.

      Zelenskyy’s trip, his first travel outside Ukraine since February’s Russian invasion, came after U.S. lawmakers agreed to give the country $45 billion in additional assistance.

      The idea of helping Ukraine battle Vladimir Putin’s invasion apparently didn’t appeal to the former president’s firstborn son, who attacked Zelenskyy on Twitter by calling him “basically an ungrateful international welfare queen.”

      https://www.huffpost.com/entry/donald-trump-jr-volodymyr-zelenskyy-welfare-queen_n_63a34ff6e4b0aae8bcb3c67b

      Oh no! The Blue Checkmarks got their panties in a bunch!

      Welfare queen is an understatement. Zelensky is a PARASITE. He is a tick. He is a tapeworm.

      1. I still keep wondering why that guy isn’t dead yet with Russias history of reaching out and touching someone. Or are these two losers laughing all the way to the bank? Either way the US will toss Ukcraine overboard within 36 months.

        If it’s in the media, it’s a lie.

        1. From a couple of days ago: “Anatoly Gerashchenko, the former head of the Moscow Aviation Institute, has died after falling down the stairs at the institute.”

      2. Parasite or not, you probably want to retool your “blue checkmark” mockery. A lot of things changed on Sink Day.

  2. ‘When Bob J. saw a model home he liked in a subdivision northwest of Dallas in October, a quick 24-hour negotiation with the builder netted him a savings of $125,000, free furniture and a fully decked out backyard already complete with a pool…’we understood the builder’s need to sell’

    ‘‘Buyers can ask politely about items they would like to have and often sellers are happy not to have to move them,’ says Nathan Zieman, a real estate agent with The Corcoran Group in Delray Beach, Florida. ‘Really, everything is negotiable, and you could be doing the sellers a favor’

    That’s the spirit!

    1. ‘It’s a better time for buyers, especially first-time home buyers because you’re actually most of time getting an under asking price accepted and that’s a great thing because your total costs and everything is going to come down’

      Keep it up Dannid!

  3. ‘Lam previously valued the property at HK$14.9 billion, more than 70% higher than the transaction price’

    Bring down those comps!

  4. ‘Newville Trails, a subdivision just off Interstate 90/39 at Newville, sits platted out. Streets are laid in a circle around it, poised for residential growth. But it will be a quiet Christmas for the less than a dozen families who so far are the only residents. Plans filed with Rock County planning authorities in April 2021 showed the then newly-platted subdivision could grow to have as many as 62 homes. But as of this month, just a handful of dwellings have been built, and some are unfinished going into the winter months. There is evidence that some residential wells were drilled earlier this year. But those are the only apparent improvements at otherwise inactive parcels in the hilltop subdivision, an indicator that some projects in the pipeline have gone on hold’

    ‘Kyle Carrier, a real estate agent in Edgerton who is marketing some of the Newville Trails homes said one Madison-area builder involved in new home construction in the Newville Trails subdivision intends to resume building there at some point. In one case, a builder Carrier works with to sell homes on speculation has sold 10 new single-family homes in Beloit to an investor who may rent the properties in the short-term. Carrier said the investor could close on more homes next year with the same plan if market conditions remain depressed’

    ‘it will be a quiet Christmas for the less than a dozen families who so far are the only residents’

    Yeah, well they’re fooked Kyle. Next spring when that sh$thole has thawed out, the developer will slash prices and bury them.

    2. Intends to resume building “at some point.”

      Could be many, many years that the winnahs! spend living around half built shacks.

  5. ‘in Cambridge, the report finds roughly a 30% drop in single-family homes sales and a 28% decline in condo purchases. The median sales price for a house dropped about 14% to $1,850,000. Contrast this with sales in the city of Quincy, which were down roughly 39% for condos and roughly 43% for single-family homes. The median sales prices are a mixed bag: The cost of a condo in the ‘City of Presidents’ fell 33.3% to $339,950 in November’

    I’ve mentioned that there were some pockets of serious crater in Massachusetts around 2006. We won’t know for a while if this is a small market stat thing or if it’s imploding.

  6. ‘The median sale price for a single-family home in Stanislaus County in November was $430,000, the same median price as the month before and a dip of just $5,000 over the previous year, according to new data from the California Association of Realtors. Meanwhile, the median sale price in California dropped 3% between October and November. Most of the Central Valley’s heavily-populated counties saw declines, including Sacramento, Fresno, Tulare, Placer and Merced’

    The whole state’s down YOY and big counties are rolling over. ‘We’re just catching up to the bay aryan and southern sh$thole crater!’

  7. ‘Redfin pegged Seattle as having the nation’s fastest-cooling housing market. That trend has continued, Redfin deputy chief economist Taylor Marr told Axios, with Seattle seeing ‘the sharpest cooldown in the nation. It’s gone from blazing hot to icy cold’

    Did The Tim ever get a job? I offered to let him wash my old truck (tree fiddy), but it’s below 20 degrees and falling so that will have to wait.

    1. IIRC he bought in 2011 so at least his timing was right. Did he turn into a permabull after that? If not, then I’m guessing he did when he went to work for the REIC?

  8. New York Post — FTX co-founder Sam Bankman-Fried handed over to US authorities, arrives in New York (12/21/2022):

    “Fallen crypto mogul Sam Bankman-Fried left the Bahamas on Wednesday night and landed in New York after he was transferred to FBI custody.

    The alleged fraudster will appear in front of a federal judge “as soon as possible,” Manhattan US Attorney Damian Williams said in a Wednesday night statement.

    https://nypost.com/2022/12/21/sam-bankman-fried-handed-over-to-us-authorities-heading-to-ny/

      1. Sweet Caroline likely knows where some of the missing money is.

        The Twitterverse is already speculating whether SBF has anyone to flip. Possibly the Tether guys, or better yet, CZ-dude from Binance.

        2. “The Twitterverse is already speculating whether SBF has anyone to flip.”

          We’ll know by whether he falls down the stairs.

      2. Sweet Caroline Neil Diamond

        https://youtu.be/5JfU4PKgmJc

        Where it began, we can’t begin to know it
        But then we know it’s growing strong
        Was in the spring
        And spring became the summer
        Who’d have believed realtors at all

        land, worthless land
        leaking out, donkeys flee, crushing you

        Sweet Price Decline
        Cratering never seemed so good
        Steep steep declined
        Donk believed they never would

        Tuckasegee, NC Housing Prices Crater 32% YOY As Rural Housing Demand Plummets

        https://www.movoto.com/tuckasegee-nc/market-trends/

    2. SBF, Caroline their MIT friends, their parents…supposedly the “brain trust” of this country. What a *uckery……

  9. Associated Press:

    “Nearly 107,000 Americans died of drug overdoses last year, according to final figures released Thursday.

    The official number was 106,699, the U.S. Centers for Disease Control and Prevention said. That’s nearly 16% higher than the nearly 92,000 overdose deaths in 2020.

    https://thehill.com/homenews/ap/ap-top-headlines/ap-final-tally-nearly-107000-us-overdose-deaths-last-year/

    Open borders have consequences.

    Vote Democrat Party, and you are voting to find your child turned blue and dead in their bed.

    This is Democrat Party.

    1. Vote Democrat Party, and you are voting to find your child turned blue and dead in their bed.

      They will never lay that blame at the Dem’s feet.

      1. Even if they lay a blame on demorats, with 90% vibrants and 80% turd worlders voting for them without any thought, it will not matter.

      2. Local interest article from the Washington Post a week ago:

        “From the doorway of Apt. 307, District Attorney Brian Mason could see the five bodies inside. They lay awkwardly on the floor and couch, their arms and legs contorted — a sign of sudden collapse.

        A man in jeans and closest to the door was splayed on his back, his left leg bent at an odd angle. Not far from him, a woman with long brown hair was slumped on the kitchen floor, her face pressed against a lower cupboard. Another woman, in a black sweatshirt, lay just past the kitchen counter nearby. On a love seat toward the back of the room, a man sat frozen. A woman in a gray T-shirt had toppled over him, her head resting on his chest. Blood dripped from their faces.

        A mass murder, Mason thought.

        Mason, a slim 45-year-old who grew up in Colorado, had arrived at the suburban Denver apartment complex shortly after 8 p.m. on Feb. 20. It was such a frigid night that his knees were shaking. He climbed the outside staircase to the third floor with Sgt. J.P. Matzke, the supervisor of a local drug task force.

        The scene looked like a party gone terribly wrong, Matzke told Mason. Five people down. Crime-scene technicians collecting evidence inside were suited up in Hazmat gear. They were worried that whatever substance had caused so many people to die simultaneously might still be in the air. They had tested for carbon monoxide and ruled that out.

        A partly empty Crown Royal whisky bottle stood on the kitchen counter among plastic cups, empty shot glasses and cut orange straws. In the middle was a mirrored tray with lines of white powder. A red heart-shaped balloon floated above, tied by a string to a bouquet, remnants of Valentine’s Day the week before. In the center of the room was an empty baby swing.

        The first police officer on the scene, a mother herself, had found a crying 4-month-old baby girl in a pink bassinet in another room. She had been alone for nearly 12 hours. She was one of seven children who lost a parent that night.

        Not everyone at the party had died, Matzke told Mason. The police officer had found a disoriented woman inside. At first, the woman tried to shield the white powder and told the officer she and her friends had all just fallen asleep.

        “We took cocaine, and that’s it,” she mumbled before she was taken to a hospital.

        https://archive.vn/pkv4J

        This is Democrat Party.

        1. “But when too much fentanyl hits the bloodstream, it can quickly trigger respiratory failure and cardiac arrest.”

          A synthetic opioid too potent for the casual dealer to cut.

          1. I’ve always thought that one needs to be an absolute imbecile to consume illegal drugs purchased from a dealer, but now with these fentanyl OD’s everywhere you have to be insane to take such a chance. You have no idea what’s in the stuff you’re buying from those thugs.

            Then again, hundreds of millions rolled up their sleeves for an experimental drug with no track record. So yeah, people are stupid.

        2. To be honest, I’m deathly afraid that this stuff is going to escape street drugs and find its way to OTC drugstores. What if this gets into, for example, a plant that packs bottles of cough medicine or ibuprofen? Or packs of gum or bags of potato chips?

          1. By “escape” you mean placed by an enemy? Or worse, by our own gooberment, so they can declare a state of emergency and lock us all down?

          3. The lethal dose for fentanyl is so low, would an allergy even matter at that point? We’re all going to be dead from it.

        3. Not so much as a whisper from CONgress. They are evil people. Both parties. They’re taking the American people for a ride.

      1. the incident took place just after midnight on Sunday 13-14 year olds at midnight…..big guess no father in the home.

        The map shows Union Train station area a logical place to pitch a tent and panhandle.

  12. ‘My real estate agent knew that the model home was four years old, and the builder was using another model for sales,’ says Bob, who asked to be identified only by his first name and last initial because he doesn’t want his new neighbors to know about the deal he got.

    You’re quite the clever one, Bob. Wait until the Fed’s Everything Bubble implodes for real and you realize you caught a falling knife.

  13. “The 3,806 single-family sales in November reflect a roughly 29% decrease year over year and about a 35% drop since 2020, according to a report The Warren Group released Wednesday.

    Is that a lot?

  14. Propaganda and lies.

    The Atlantic — Zelensky Recalled Us to Ourselves (12/21/2022):

    “He came to thank the U.S. for supporting Ukraine. It is Americans who should thank him.”

    ^ That is the article sub-title right there. No additional excerpts needed because it’s the same globalist lies you’ve all heard before.

    https://archive.ph/oW11z

    I will not be “thanking” this globalist parasite for anything.

    U.S. taxpayers, you will never be seen as anything more than cattle to these globalists. Your existence is only tolerated for you to continue financing the destruction of the nation that your ancestors founded.

    These globalists are blood-sucking parasites.

    And yes, Russia is winning.

      1. #Winning

        Today is the first full calendar day of winter, and it is minus 16F outside now in this part of Region VIII. Unlike the Europoors (the “winners” I’m told), I have heat and electricity.

        UK and Germany do not have heat (Daddy Klaus has plenty of heat) because that is what “winning” looks like.

    1. Crypto HOLDers aren’t too merry either. BTC bros are now retreating toward cold wallets as their last castle keep. Saylor is desperately tweeting that “Bitcoin is working” and hoping for widespread adoption. At this point, you may as well stash Confederate dollars under your mattress.

      1. BTC bros are now retreating toward cold wallets as their last castle keep.

        Wasn’t that the whole idea in the first place? That crypto hodlers would bypass banks and do the whole “peer to peer” transaction thing? The only reason to use an exchange is convert cryptos into fiats (and vice versa)

        1. use an exchange

          It must be comforting to know that someone else is watching over your stash of nothingness.

        2. The only reason to use an exchange is convert cryptos into fiats
          If I recall correctly, several Crypto exchanges were paying 8-9% interest on the “coins.” I was trying to understand how the math worked but couldn’t figure it out. Now I get, Fraud. duh!!

        1. @oxide and $TSLAQ latecomers,

          Linette Lopez @ Business Insider Elon’s stale playbook
          At Tesla and SpaceX, Elon Musk was a jerk with a grand vision. At Twitter, he’s just a jerk.

          Elon Musk has a pretty tried-and-true playbook for doing business — he’s used it for years to build companies from Tesla to SpaceX. Unfortunately for him, it is not a model that can turn Twitter into a profitable company. It’s one that will take the social-media company down in flames.

          Here’s the Musk playbook: Enter a field with very little competition. Claim that your new company will solve a massive, global problem or achieve a seemingly impossible goal. Raise money from a fervent group of true believers and keep them on the hook with flashy, half-baked product ideas. Suck up billions from the government. Underpay, undervalue, and overwork your employees. Repeat.

          Twitter is the antithesis of an “Elon Musk company.” It’s an influential but small player in a field that is dominated by giant, well-funded competitors. The government is more likely to put the clamps on Twitter than give it some windfall contract. And Twitter’s employees have options: They can leave and work for companies that treat them much better than Musk ever would.

          But perhaps most importantly, a lot of people think Twitter — and Musk’s ownership of the company — is part of a global media problem, rather than some grand solution. And without a big, world-changing promise to paper over his sophomoric product ideas and erratic management, Musk’s Twitter takeover is doomed.

          1. Twitter — and Musk’s ownership of the company — is part of a global media problem

            It sure is a global problem. Now the Globalists only control 98% of mainstream media (so I’ve heard).

          2. Here’s the Musk playbook: Enter a field with very little competition.

            FWIW, SpaceX had and still has plenty of competition: ULA, Lockheed, Arianspace, China, India, Russia, etc. Their rockets are better.

            Now Tesla is another story. They made the first “mainstream” electric cars, but overall they are kind of junky, and now real automakers are also making EV’s. They’re also discovering that the demand for those pricey toys isn’t what they thought it would be, which is bad news for Tesla as they now have lots of competition in a small market and they are NOT the best.

          3. Now the Globalists only control 98% of mainstream media (so I’ve heard).

            And that 98% is very effective at disseminating propaganda, whether it be about the coof, the jab, racial stuff, warmism, inflation, etc.

          4. The Left have turned on Musk didn’t they love that guy a year ago for saving the planet with electric cars .

            I have heard SpaceX is a sweat shop of course NASA is a country club is what do I know.

        2. “And Twitter’s employees have options: They can leave and work for companies that treat them much better than Musk ever would.”

          Yes, the imploding tech industry is starved for checkbox hires who can’t code. Or is she talking about the people who are still there?

        3. OK, so another hit piece on Elon. Yeah, I’m seeing brainwashed ElonManBad spewed all over Twitter. Never mind that Meta/Facebook is doing just as badly.

    1. MSPs passed the Gender Recognition Reform (Scotland) Bill by 86 to 39 today

      Not 63 to 62
      Not 65 to 60
      Not 70 to 55

      It passed 86 to 39. Scotland has gone full an@l.

      What will they be passing next? “The man-boy love reform act”?

      What is the west going to be like in five years?

      1. “What will they be passing next? “The man-boy love reform act”?”

        Ha ha. I bet that is it.

        10 or 12 yrs ago, when every state was legalizing gay marriages, I thought to myself, with the abortion already legal, and now gay marriage, the dems may have run out of all these ‘social issues’ to divide/enrage us…how wrong I was….

        1. I had exactly the same reaction in 2015, when the Supreme Court legalized gay marriage. OK fine, I said, you’ve won alllll the social battles (at least legally), now it’s time to go back to finding jobs for the blue collar workers like you did in the past. But nope, the next week they were out marching for trans rights. It was then I figured out that they just wanted to march and protest and red-pilled. Since then it’s gotten far worse.

        2. Which is why I wonder what we can expect by 2027, say after Newsom has been placed in the White House after another stolen election and has had two years of his own to wreak his own Clowinfornia flavored havoc on the nation.

          I am surprised that no one of prominence has come out yet to claim that Christmas is raycis and needs to go, and be replaced with a more woke substitute. Maybe it could be World Day and Mother Gaia would bring children presents (or is that raycis too?).

          It can’t be that far off.

          1. “Mother Gaia”

            ??!? Cancelled on account of hate speech. They’s proper name is “Planetoid Birthing Entity.”

          3. I am surprised that no one of prominence has come out yet to claim that Christmas is raycis and needs to go

            My prediction: it will happen first in the UK or somewhere in Scandinavia.

          5. They’ll just go back to calling it the Winter Solstice like it was before.

            Quite likely. You would get the 20th off instead of the 25th at work. We currently do close the office all of next week. It is officially the “winter shutdown”. No year end “Christmas:”parties or celebrations of any sort. It is paid time off, so take what you can get, I suppose.

      2. Western Europe, the UK, Canada, AUS, NZ are effectively over. That part of The West is over.

        Secession / Balkanization within the U.S. is the only realistic solution at this point. Florida, Texas, and a few other states will lead the way. The geographic “self-segregation” by political ideology is well underway, and at some point the citizens of these respective states will collectively realize that they have nothing to benefit from continuing as a state in a Union that has been hijacked and conquered by globalists.

        It’s gonna require some violence, unfortunately.

        1. There’s one problem.

          Florida is WAAAAAAYYYYY too obsessed with entitlements. There will be no succession until Florida can deal with not getting Social Security. With a population as old as Florida’s that’s not going to happen.

          Similarly, Florida is paying people’s insurance deductibles for hurricanes. That is NOT the state’s job. It’s flat out Socialism.

          1. until Florida can deal with not getting Social Security

            Then those people move back to wherever they came from, assuming that social security still exists in the “union”.

          2. This isn’t going to be a 2/3-vote-in-each-state kind of thing. It’s going to be by violence. And all the old people in Florida can whinge all they want, it’s not going to change anything.

  17. Why Caroline Threw Sam Under The Bus: Details Emerge About Alameda CEO’s Generous Plea Deal

    THURSDAY, DEC 22, 2022 – 10:43 AM

    Update (1045ET): As part of the recently unsealed plea agreement with the US Attorney’s Office of the Southern District of New York, CoinDesk reports that if Ellison fully cooperates with the SDNY’s investigation (in throwing her boyfriend under the bus), as well as any other law enforcement agency designated by the office, she won’t be further prosecuted criminally.

    While the deal does not guarantee that other agencies will not pursue prosecution at a later date, it appears the former Alameda exec will be spared of all major charges, which could have seen her sentenced to up to 110 years in prison.

    Fast forward to today when we just got confirmation that Caroline Ellison has f#cked Bankman-Fried one final time by indeed rolling on him, and “turning states” in the criminal prosecution of the corpulent “Hairy Plotter”, who commingled and stole the client money in his FTX exchange to fund a series of terrible crypto bets at his personal hedge fund Alameda, fund tens of millions in donations to democrats and buy up prestigious real estate for himself and his “altruistic” progressive lawyer parents.

    https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjbqYSnyY38AhWMSjABHerlDHEQFnoECAgQAQ&url=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fcaroline-ellison-throws-sbf-under-bus-pleads-guilty-fraud-agrees-cooperate-doj&usg=AOvVaw1D6ZkQsUGaI8Qh85TDS1s1

      2. She can feel the noose around her neck, hence why she is ratting everyone else out. But she’d better be careful, rat out the wrong people and that noose will get nice and tight. I’m gonna guess she’s been given a script. And even then she might wind up suicided anyway.

          1. Given Z’s homo past, I strongly suspect that his wife and children are just props and are not really his family.

    2. “While the deal does not guarantee that other agencies will not pursue prosecution at a later date”

      I wonder if other agencies already have charges lined up and they’re just waiting for her to nail SBF before pouncing on her. Would they really allow her to get away nearly scot-free? She’s almost as big a fish as he is.

    3. Something really reeks about this “deal” she’s getting. Way too quick and lenient. I think the fix is in.

    1. From ZH comments: Was it vax or murder? He flat out calls out the Fed as the instigator of the market Ponzi Scheme. Then calls out Gug’s conviction trade of 2020: Silver.

    1. I thought the WP Galleria had closed already. Used to go there all the time when it had just opened. Joked “let’s drive up to the Galleria and get some stuff.” Way, way back, I heard that people were getting mugged going for their cars.

  23. Mass Formation Psychosis.

    Washington Post — Why mask mandates aren’t coming back even though covid is (12/22/2022):

    “Barbara Ferrer, director of the Los Angeles County Department of Public Health, said she may reimpose an indoor mask mandate if more than 10 percent of hospital beds are occupied by covid patients. That measure is now about 7 percent. Mandates should be tied to coronavirus hospitalizations rather than influenza and RSV because covid has a higher mortality rate, she said, noting that masking remains a prudent way to avoid respiratory infections.

    “We might want to get comfortable with masks the way people in other countries are comfortable with masks,” Ferrer said. “They don’t see it as an imposition. They see it as something to be used when there’s lots of respiratory illness circulating, mostly in the winter.”

    Masks are still required in some indoor settings elsewhere in the world, including South Korea, Taiwan and parts of Europe.

    https://archive.ph/Q4ue8

    Who is this “we” Barbara?

    Citizens don’t wear masks, slaves wear masks.

    “They’re not sending their best”

    2. I swear I saw Marlin Perkins in the crowd narrating how the hyenas’ travel in packs to steal the lions well-earned kill!

  26. Merry Christmas from the Swamp

    $45 biliion for Ukraine

    $1.7 Trillion, 4,155-Page Omnibus Bill Passes Senate with Help of 18 Republicans

    WENDELL HUSEBØ
    22 Dec 20221,249

    The $1.7 trillion omnibus bill passed the Senate by a vote of 68-29 on Thursday afternoon. Eighteen Republicans voted for the 4,155-page bill just released days ago.

    https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwiXxrTMpY78AhVMQjABHeo3B3oQFnoECBAQAQ&url=https%3A%2F%2Fwww.breitbart.com%2Fpolitics%2F2022%2F12%2F22%2F1-7-trillion-4155-page-omnibus-bill-passes-senate-with-help-of-18-republicans%2F&usg=AOvVaw0ttLHNa4f1DcUyoF3YQigR

    2. And when inflation gets worse next year, the masses will blame it on “greedy corporations”

      Anyway, the fact that the GOP didn’t win control of the Senate seems irrelevant now. I wonder what Kudlow will have to say about this.

      So, other than stacking PMs, how else can one hedge against inflation?

      1. Just wait for the sub $300/acre of land. The grandkids will sit around the fire in the future toasting to your brilliance!

      3. Hedge against inflation ? We have a design center in Argentina I need to ask them besides spend your paycheck the day you get paid what do you do ? Raise Chickens ?? IDK

        1. Argentina is approaching Weimar conditions. But hey! They won “El Mundial”, so everything is good, right?

    3. The $1.7 trillion omnibus bill passed the Senate by a vote of 68-29 on Thursday afternoon. Eighteen Republicans voted for the 4,155-page bill just released days ago.

      These are not “Republicans,” they are globalist RINOs. This country is finished. We are under attack from within.

      1. This country is finished.

        Don’t be a candy @ss. One good American is worth a dozen or an hundred of these noodle neck corrupt snowflakes. Push is getting close to shove.

  29. ‘a builder Carrier works with to sell homes on speculation has sold 10 new single-family homes in Beloit to an investor’

    I’ll have a blue Christmas without you
    I’ll be so blue just thinking about you
    Decorations of red on a green Christmas tree
    Won’t be the same dear, if you’re not here with me
    And when those blue snowflakes start falling
    That’s when those blue memories start calling
    You’ll be doing all right
    With your Christmas of white
    But I’ll have a blue, blue, blue, blue Christmas
    You’ll be doing alright
    With your christmas of white
    But I’ll have a blue, blue, blue, blue Christmas
    You’ll be doing all right
    With your Christmas of white
    But I’ll have a blue, blue, blue, blue Christmas

  30. Joe Biden’s America.

    Boulder’s Main Library closes after meth was detected in restroom air ducts (12/22/2022):

    “Boulder’s Main Library is closed and awaiting test results after methamphetamine was detected in the restroom’s air ducts.

    David Farnan, library director for the City of Boulder, said over the past four weeks, the city’s Main Library, located at 1001 Arapahoe Ave., had numerous reports of suspected drug use in the bathrooms. In addition, Farnan said a few employees reported mild symptoms possibly linked to drug exposure. They were cleared by medical staff.

    After receiving these reports, library staff, along with city facilities staff, began new cleaning protocols to follow whenever there were suspicions that somebody may have used drugs in the restroom. The new protocols allowed for extensive surface cleaning and closing the restrooms for at least an hour.

    https://www.denver7.com/news/local-news/boulders-main-library-closed-after-meth-was-detected-in-restroom-air-ducts

    “They’re not sending their best”

    1. Public libraries are hangouts for pervs and thugs. And management can’t show them the door until they commit a crime.

      1. To be fair, I remember creepy homeless people hanging out in the local library when I was a child over 40 years ago. It kind of makes sense – it was a warm place to go when it was freezing asz cold out.

  36. 𝗁𝗍𝗍𝗉𝗌://𝗐𝗐𝗐.𝗆𝗈𝗏𝗈𝗍𝗈.𝖼𝗈𝗆/𝖺𝗎𝗋𝗈𝗋𝖺-𝖼𝗈/𝗆𝖺𝗋𝗄𝖾𝗍-𝗍𝗋𝖾𝗇𝖽𝗌/

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