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As The Houses For Sale Pile Up, Builders And Sellers Are Drastically Reducing Prices

This Post Has 11 Comments
  1. From the first 11:27 video:

    Houses For Sale In Las Vegas – This Is Bad…
    Las Vegas Living
    Jan 7, 2023
    The new year is off to a rocky start for real estate. There are now thousands of houses for sale in Las Vegas compared to last year. This is bad for home builders and sellers but good news for home buyers. As the houses for sale in Las Vegas pile up, home builders and sellers are now drastically reducing prices. Last May, the median home price peaked to $482,000. Several months later, we are currently at a median price of $425,000. Although this is approximately a 10% overall price correction, I do see more price reductions happening this year. The amount of houses for sale in Las Vegas now on the market is quite surprising and likely to increase as high interest rates haven taken many buyers out of the market. This is good news if you are a potential buyer but this is bad news for the selling side. Home builders are especially struggling with a large supply of standing inventory which is likely to increase this year. Nearly all of the houses for sale in Las Vegas have been reduced or willing to reduce price and or offer seller concessions. The tide has turned and buyers are now in the driver seat. There will likely be even better deals for buyers as we head into the first quarter and half of this new year. If you’re looking to buy a home in Las Vegas, it would be wise to be patient at least through this first quarter of 2023.

    The second 13 minute video:

    Tampa Real Estate Market: December 2022 Update
    South Tampa FL Living
    Jan 6, 2023
    The Tampa Real Estate Market continues to show signs of slow down. Is this due to the holiday season? Inventory remains very low which will keep this as a seller’s market.

    The third 11:32 video:

    How Rising Interest Rates Are Affecting Home Builders in 2023
    Steven Zalunardo
    Premiered Jan 6, 2023
    How Rising Interest Rates Are Affecting Home Builders in 2023
    Interest rates have continued to rise and we’ve seen inflation slow down, but what does that mean for the Toronto housing market, mortgage rates, and home prices in 2023? Both Mike Gatti and myself (Steve Zalunardo) have close connections to the home building/construction community in Toronto and we’ve been hearing some rumblings of slow downs. With interest rates reaching historic highs, many home builders are facing challenges in finding financing to build new homes. As a result, we’re seeing a decrease in the number of homes being built in Toronto – and North America as a whole.

    The fourth 9 minute video:

    DISTURBING Trend Could Flood The Real Estate Market
    Karrasch Real Properties
    Jan 6, 2023 SURREY
    The past few years have not been easy on most people. We are seeing this in both household finances but also in the breakdown of personal relationships. Recently our team has received an increasing number of sellers contacting us to help them sell their property as a result of splitting up with their partner.

    In this video, Surrey REALTOR®, Steve Karrasch of Macdonald Realty discusses all of the things you need to know if you are splitting ways with your spouse and property co-owner and what you should do to make the process and transition easier and less stressful when it comes time to sell the family home.

  2. Lewis doubles down on this statement in a section entitled “The Queer Indigenous and Maroon Nineteenth Century.” She claims that Native Americans exhibited superior ways of being and practiced “no forms of patriarchy; raising children collectively, honoring more than two genders, placing only loose social strictures on sexual pleasure, counting nonhuman relatives among their kin, and sometimes conceptualizing mothering-practices (such as breast-feeding) as gender-inclusive.”

    For Lewis, all of these practices are to be lauded as grassroot forms of resistance to the nuclear family. The view that the normalization of such practices does indeed contribute to the dissolution of the traditional family is certainly agreeable to this author. One should not believe the practices Lewis hails merely represent a bacchanalian desire for bizarre sexual expression for its own sake. Rather, the author presents these practices as a deliberate methodology through which the traditional family may be annihilated.

    Other attempts to destroy the family that Lewis seems to fancy include the “cooperative, group-marriage based model” of Robert Owen, a model that failed in spectacular fashion. Other alternative living arrangements include the machinations of comrade Alexandra Kollontai, who assured her followers that women and children would be better off because “communist society takes care of every child and guarantees both him and his mother material and moral support. Society will feed, bring up and educate the child.” Indeed, in this respect, we can agree at least in part with Karl Marx and Friedrich Engels, whose first footnote in The German Ideology stated unequivocally, “That the abolition of individual economy is inseparable from the abolition of the family, is self-evident.”

    Not to be outdone by these comrades and their dreams of the elimination of the family, Lewis directs us to a section on “Gay and Lesbian—and Children’s—Liberation.” Fifty years ago, activists made a list of demands to the Democratic National Convention in Miami, and the sixth part of their manifesto declared, “Rearing children should be the common responsibility of their whole community. Any legal rights parents have over ‘their’ children should be dissolved, and each child should be free to choose its own destiny. Free twenty-four hour child care centers should be established where faggots and lesbians can share the responsibility of child rearing.”

    Not to be outdone by the gay activists of the ’70s, today’s comrades against kinship Michele Barrett and Mary McIntosh present a vision of complete nihilism. They boldly state, “We hope that by now it will be clear that we would put nothing in the place of the family.” The total absence of traditional family structures in practice is something that Lewis saw with her own eyes—and celebrated. She recounted a covid-policy-induced tent encampment in central Philadelphia where inhabitants had the socialist blessings of “an occupation, complete with a kitchen, distribution center, medical tent, substance use supply store, and even a jerry-rigged standing shower—a militant village led by unhoused Philadelphians and working-class rebels.” This apparently was a preferable form of living, as it was a “home—in a new, true, common sense of the word . . . a practice of planetary revolution.”

    In a final rhetorical flourish, Lewis describes the goal of the final demolition of the family. She insists that: the state return especially dependent humans to the arms of the few caregivers it tends to recognize and insist on deprivatizing care, contesting “parental rights,” and imagining a world in which all people are cared for by many by default. What we are saying is that KEEPING FAMILIES TOGETHER and ENDING FAMILY SEPARATION are political imperatives. (emphasis in the original)

    https://mises.org/wire/family-destruction-and-its-socialist-cheerleaders

    1. The reason for the attack on the nuclear family (and family formation as well) is a simple one: to drastically reduce births. It is but one prong in the depopulationist agenda. It is also the reason behind the “healthy at any weight” nonsense. They know that the obese and especially the morbidly obese will die young.

      1. the attack on the nuclear family

        Part of a many pronged attack, to tear down our way of life and our traditions all, in order to replace it with a new one. Look at history and Marxism.

  3. The numbers are in; now that we know the magnitude of the global stock and bond market slump in 2022 (the latest of many), should we shrug our shoulders and note that markets go up but that they also come down? No, this stock market gambling game is wasteful and unnecessary.

    According to data collected by the Financial Times, US$30 trillion (around one third of the annual value of global GDP) was wiped off world stock and bond market values in 2022, with a broad developed and emerging market equity index falling by 18 per cent while bonds slumped by 16 per cent.

    If this reflected simply the gambling instincts of wealthy punters playing in a casino, we would not need to shed tears. But most of the lost money belongs to pension funds, mutual funds insurance companies and the like. In other words, to you and me.

    Where was the sense of financial responsibility that such institutions are supposed to exercise on behalf of their pensioners, policy holders or shareholders? Where was the caution that asset managers who advise such institutions are also supposed to exercise?

    A lot of it “went with the wind”, as evidenced by the enthusiasm with which funds poured money into tech stocks, those listed on Wall Street especially. As a result, US tech stocks plunged by a dramatic 33 per cent from peak to trough last year, nearly double the overall market fall.

    https://www.msn.com/en-xl/news/other/in-2023-let-s-replace-stock-market-gambling-with-truly-responsible-investment/ar-AA164LNU

    1. Where was the sense of financial responsibility that such institutions are supposed to exercise

      Bombarded to oblivion by the Central Bank with cheap and easy credit.

  4. Over three months since the first bus of asylum-seeking migrants arrived in Chicago, Mayor Lori Lightfoot and New York City Mayor Eric Adams penned a letter to Democratic Colorado Gov. Jared Polis, demanding the state stop bussing migrants to Chicago and New York.

    The first bus of migrants arrived from Texas on Aug. 31, with dozens more buses arriving in Chicago since then. The bussing started as part of the controversial “Operation Lone Star” from Republican Texas Gov. Greg Abbott, who has sent migrants to Chicago, New York and Washington, D.C.

    Additionally, Florida Republican Gov. Ron DeSantis flew asylum-seeking migrants to Martha’s Vineyard this fall, an island part of Massachusetts that is mostly known as a summer colony.

    The letter from Lightfoot and Adams reads in part:

    “It is apparent that the influx of asylum seekers has provoked consternation amongst states. Although we share the concerns of accommodating the flood of asylum seekers, overburdening other cities is not the solution. We respectfully demand that you cease and desist sending migrants to New York City and Chicago. Since December of 2022, Chicago and New York City have received hundreds of individuals from Colorado. Before the first bus arrived in either of our cities, we informed a Colorado official directly that neither city had any additional room to accommodate any more migrants because of the thousands of migrants that had already been inhumanely bused to our respective cities from Texas since spring of 2022.” 

    https://www.nbcchicago.com/news/local/lightfoot-nyc-mayor-pen-letter-demanding-colorado-gov-to-halt-bussing-of-migrants-to-chicago-nyc/3039419/

    1. we informed a Colorado official directly that neither city had any additional room

      Not very good at logical problem solving.

    2. Always a good sign when Dems turn on each other. The problem for the big city mayors is that there are no big cities controlled by the GOP, otherwise they could ship their unwanted to them. Now they are stuck with the millions of “asylum seekers”.

      I was reading in the Mexican media that the current caravaners are starting to panic, worrying that the gate might get slammed shut in their faces.

  5. He wasn’t forsaken in his quest, but his dream came at a humiliating cost that called into question his hold over the party. McCarthy’s powers of persuasion, his stock-in-trade congeniality, were not enough for him to prevail in the first 14 rounds of voting — revealing as much about the highly charged nature of American politics as it did about his willingness to compromise principles and bend to concessions forced by the party’s small but potent band of disrupters and election deniers.

    “Kevin is incredibly weakened,” said Mike Madrid, a Republican consultant who has known McCarthy for years. “This is doing him extraordinary damage. These holdouts view him like a Democrat. He is part of the swamp they want to get rid of. Kevin is the last establishment Republican standing. These are the death throes.”

    https://www.latimes.com/politics/story/2023-01-07/la-na-pol-mccarthy-house-speaker-fight

    1. the party’s small but potent band of disrupters and election deniers

      I think 140 is a majority out of 222.

      Success is “death”?

      I think the doublespeak artists have a surprise or two in store.

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