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25% Below Asking In A Sellers Market?

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  1. From the first 11:40 video:

    San Francisco Bay Area (โ€œSilicon Valleyโ€ ๐Ÿ’ป) Real Estate ๐Ÿ  Market Update – January 2023
    Silicon Valley Living 101
    Jan 28, 2023 SAN MATEO COUNTY
    Has the Silicon Valley Real Estate Market shifted from a Sellersโ€™ Market to a Buyersโ€™ Market?

    This video provides an update on the housing market in the San Francisco Bay Area, also known as โ€œSilicon Valley.โ€

    I walk you through the December 2022 real estate market stats for Santa Clara County and San Mateo County. Then I share 3 case studies of recent sold and active listings in San Mateo County to bring the data to life and address the question of how extensive the shift from sellers to buyers is right now.

    The second 5:37 video:

    Private Lenders EXITING Canada’s Real Estate Market: Power of Sales Increase
    Mark Mitchell – Mortgage Broker London Ontario
    Jan 29, 2023

    Canadaโ€™s private mortgages lenders are pulling back, leading to a major increase in the number of forced real estate sales. While private mortgage lending thrived during the real estate bubble in 2020 and 2021, with declining assets and more expensive credit, many private mortgage lenders (institutional and mom and pop) are pulling out of the market.

    Links:

    Private lenders rein in real estate borrowers:

    https://www.theglobeandmail.com/canad

    Private mortgage lending viable alternative to banks:

    https://www.theglobeandmail.com/real-

    Why MICs are an ideal investment in this โ€˜new financial orderโ€™:

    https://www.wealthprofessional.ca/inv

    Why thereโ€™s more trouble ahead for real estate in 2023:

    https://www.thestar.com/real-estate/2

    โ€˜HELP! MUST SELL IN 30 DAYS!โ€™ Mortgage brokers report an uptick in forced sales of GTA homes:

    https://www.thestar.com/news/gta/2023

    New Ontario rules target private mortgage lenders:

    https://www.theglobeandmail.com/real-

    Private Lenders Serve Borrowers Power of Sale Notices as Interest Rates Bite, Home Values Plummet:

    https://thedeepdive.ca/private-lender

  2. Residents call for action after shooting death at Seattle encampment

    The city’s newly updated homelessness dashboard shows that in 2022, there were 116 shots fired, that includes shootings near an encampment, or if the victim or offender is homeless. It is an average of two shootings a week.

    “When someone gets killed, it’s a sad day,” nearby resident Franklin Moon said. He described what it is like living next to the encampment, “they do their thing; we do our thing. It mostly works. I can tell it’s not great living in general. It’s a sad thing to watch America turn into that.”

    https://www.msn.com/en-us/news/crime/residents-call-for-action-after-shooting-death-at-seattle-encampment/ar-AA16R1f1

  3. Federal Reserve set to signal plans to keep raising rates even as inflation eases
    The Financial Times|38 minutes ago
    The Federal Reserve is poised to signal it plans to continue inflicting higher interest rates on the US economy, even as it again slows the pace at which it is raising its benchmark rate amid signs inflation has peaked.

  4. Salon — Why the moral panic over “grooming” is so effective at manipulating the right-wing mind (1/30/2023):

    “Experts explain the history of the right creating false narratives that connect LGBTQ issues to pedophilia”

    Who are these alleged experts?

    “Marilyn Mayo, aย Senior Research Fellow at the Anti-Defamation League’s Center on Extremism, draws a direct line between these 20th century manifestations of the pedophile smear and modern right-wing conspiracy theories…

    “In general, people who are supportive of the LGBTQ community and the progress it has made are also now also being demonized and called groomers and pedophiles,” Mayo wrote to Salon. “We have seen this in numerous protests against ‘drag story hours’ and other similar events. Politicians and librarians who support such events are being harassed and threatened.”

    “Right-wing extremists have also adopted the groomer narrative to further demonize LGBTQ+ people, justify harassment and violence towards the LGBTQ+ community and advance their own infiltration of the mainstream right,” Mayo told Salon. “The Proud Boys have disrupted at least 10 LGBTQ+ events since March 2022, accounting for more than half of anti-LGBTQ+ extremist event activity tracked by the ADL Center on Extremism this year.”

    R. G. Craven, a Senior Research Analyst and Lead at the Intelligence Project at the Southern Poverty Law Center, observed how right-wingers have also found that accusing opponents of pedophilia chips away at their support.”

    https://archive.ph/wFhG0

    Who are these alleged experts?

    Anti Defamation League and Southern Poverty Law Center actively promote pedophilia and mutilation of children in the public schools and libraries that your property taxes are paying for.

    Yoel Roth could not be reached for comment…

  5. ๐—ฆ๐—ฎ๐—ป ๐——๐—ถ๐—ฒ๐—ด๐—ผ, ๐—–๐—” ๐—›๐—ผ๐˜‚๐˜€๐—ถ๐—ป๐—ด ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐—–๐—ฟ๐—ฎ๐˜๐—ฒ๐—ฟ ๐Ÿฎ๐Ÿฒ% ๐—ฌ๐—ข๐—ฌ ๐—ข๐—ป ๐—ฆ๐—ผ๐—ฎ๐—ฟ๐—ถ๐—ป๐—ด ๐—œ๐—ป๐˜ƒ๐—ฒ๐—ป๐˜๐—ผ๐—ฟ๐˜† ๐—”๐—ป๐—ฑ ๐—–๐—ผ๐—น๐—น๐—ฎ๐—ฝ๐˜€๐—ถ๐—ป๐—ด ๐——๐—ฒ๐—บ๐—ฎ๐—ป๐—ฑ

    https://www.movoto.com/san-diego-ca/market-trends/

    ๐˜ˆ๐˜ด ๐˜ฐ๐˜ฏ๐˜ฆ ๐˜š๐˜ข๐˜ฏ ๐˜‹๐˜ช๐˜ฆ๐˜จ๐˜ฐ ๐˜ฃ๐˜ณ๐˜ฐ๐˜ฌ๐˜ฆ๐˜ณ ๐˜ฆ๐˜น๐˜ฑ๐˜ญ๐˜ข๐˜ช๐˜ฏ๐˜ฆ๐˜ฅ, โ€œ๐˜›๐˜ฉ๐˜ช๐˜ด ๐˜ค๐˜ฐ๐˜ณ๐˜ณ๐˜ฆ๐˜ค๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ฎ๐˜ข๐˜ฌ๐˜ฆ๐˜ด 2009 ๐˜ญ๐˜ฐ๐˜ฐ๐˜ฌ ๐˜ญ๐˜ช๐˜ฌ๐˜ฆ ๐˜ข ๐˜ธ๐˜ข๐˜ญ๐˜ฌ ๐˜ช๐˜ฏ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฑ๐˜ข๐˜ณ๐˜ฌ.โ€

    1. Local relitter is still crowing low supply and high demand with interest rates settling into the mid-5s later this year will keep prices high.

      1. Reality will prevail where logic fails. At two or three times the interest burden, and drastically lower disposable income, prices must fall by over 50% for debt donkeys to make a purchase. The promise that prices will not fall too much is a hollow sales pitch. The fantasy of windfall riches is broken.

        1. drastically lower disposable income

          Gas and electric bills were horrific last month and projected to be worse this month. Grocery prices are likewise horrific. Besides the increased borrowing costs, more unexpecteds await the buyer of a 40yo $1M+ lipstick on a pig.

          1. Gas and electric bills were horrific

            Perhaps you will get some relief. Wholesale gas prices have collapsed to below the price of a year ago. Then again, California?

          2. Perhaps you will get some relief. Wholesale gas prices have collapsed to below the price of a year ago.

            I haven’t heard anything about lower rates from Xcel.

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