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The Good, The Bad And The Where Did Everyone Go?

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  1. From the first 22 minute video:

    Foreclosures, REO & Investment Properties Update 1/29/2023
    Florida Living

    Welcome to our weekly update, touring new foreclosures and REO auctions.
    Let’s look at the good, the bad and the “Where did everyone go?”

    Email me at
    I have great deals coming for investors. Please share my videos with friends…. sharing is caring!

    For pre-market deals, see my Facebook group:

    I am not advertising these properties, but just touring them with you for informational purposes and entertainment. What are your thoughts on these? Please comment below.

    (This video is not sponsored.)
    I am a licensed Realtor with 20+ years experience. I used to own a mortgage franchise as well.
    The videos on this channel are for entertainment and information purposes only.
    I am not providing you with any investment, real estate, or legal advice of any kind.

    My comments and videos are on my own behalf and are completely honest based on my own opinions derived from my personal experience working in real estate and mortgage finance.
    I am not advertising these properties, only touring the pros and cons for informational and entertainment purposes only.

    The second 8 minute video:

    Bay Area Multifamily Market Review & Outlook | 2022 – 2023
    HAYLEN Group Real Estate
    Jan 30, 2023
    Find out the latest Bay Area multifamily market stats and updates in East Bay, Silicon Valley, and San Francisco.

    ℹ️ Table of Contents:
    0:00 Introduction
    0:30 National Rent Index
    1:21 Fastest Metro-Level Rent Growth
    1:32 Slowest Metro-Level Rent Growth
    2:22 Foreclosures
    3:46 East Bay Multifamily Report
    4:25 Silicon Valley Multifamily Report
    5:04 San Francisco Multifamily Report
    5:39 Homeless Population by State 2023

    The third 7:22 video:

    Market update for Orange County, CA December 2022 Tustin, Irvine, Santa Ana, Costa Mesa, Anaheim
    Andres Morales
    Jan 29, 2023
    2022 was a turbulent year for the US housing market, as inflation, soaring interest rates, and elevated sales prices combined to cause a slowdown nationwide. Affordability challenges continue to limit market activity, with pending home sales and existing-home sales down month-over-month and falling 37.8% and 35.4% year-over-year, respectively, according to the National Association of REALTORS® (NAR). Higher mortgage rates are also impacting prospective sellers, many of whom have locked in historically low rates and have chosen to wait until market conditions improve before selling their home.

    New Listings decreased 40.1 percent for Single Family homes and 39.9 percent for Townhouse-Condo homes. Pending Sales decreased 52.2 percent for Single Family homes and 59.0 percent for Townhouse-Condo homes. Inventory increased 30.2 percent for Single Family homes and 38.7 percent for Townhouse-Condo homes.

    Median Sales Price decreased 5.8 percent to $900,000 for Single Family homes but increased 1.7 percent to $600,000 for Townhouse-Condo homes. Days on Market increased 89.5 percent for Single Family homes and 89.5 percent for Townhouse-Condo homes. Months Supply of Inventory increased 77.8 percent for Single Family homes and 100.0 percent for Townhouse-Condo homes.

    Economists predict sales will continue to slow and housing prices will soften in many markets over the next 12 months, with larger price declines projected in more expensive areas. However, national inventory shortages will likely keep prices from dropping too much, as buyer demand continues to outpace supply, which remains limited at 3.3 months, according to NAR. Even if prices fall, many prospective buyers will find it difficult to afford a home in 2023, as higher rates have diminished purchasing power, adding hundreds of dollars to monthly mortgage payments.

  2. The Pandemic Used-Car Boom Is Coming to an Abrupt End
    The New York Times|18 hours ago
    Dealership are seeing sales and prices drop as consumers tighten their belts, putting financial pressure on companies, like Carvana, that grew fast in recent years.

    Bexar County foreclosures surged in 2022 following expiration of pandemic moratorium
    The Business Journals|17 hours ago
    If we do go into a recession, we expect foreclosures to go up,” Perdue said. “One thing we’re not expecting is what happened in 2008, when people ended up walking away from their homes and mailing in their keys.

  3. Why do the adult male migrants now refusing to give up on their luxury accommodations at the Watson Hotel in Hell’s Kitchen act and sound suspiciously like American activists on the same issue?

    Because activists are deeply involved in the standoff itself — and with the larger effort to ramp up illegal migration, leaving Mayor Eric Adams (and others) to deal with the resulting humanitarian catastrophe.

    Like Sergio Tupac Uzurin, an activist with NYC ICE Watch who’s been front and center protesting the migrant move. He claims that some migrants who saw the Brooklyn facility they’re being moved to called it a “refugee camp.”

    Wow, that’s the exact same term used by lefty critics of Adams’ other migrant facilities. What a coincidence!

    And though the only rent-payers on the hook for migrant accommodations are New York’s taxpayers, a “cancel rent” banner — a motto of progressive groups like Housing Justice for All — somehow hung at the protest site.

    These migrants sure do have a solid command of social-justice sloganeering, and in a second language to boot.

    Don’t forget first-name-only Valerie, who told The Post she’s part of a “mutual aid coalition” backing the migrants. Well, which one? Twitter reveals at least a few, from the Democratic Socialists of American-adjacent South Bronx Mutual Aid to NYC Sweep Alerts (which gives heads-ups about immigration raids and has written scripts for people to use when complaining to council members about the migrant move).

    1. One might hope that turning the city into a dystopian nightmare might wake up NYC voters, but I fear one would be wrong about that. The sane will continue to flee, but that’s about it.

  4. The majority of Seattle’s city council will be quitting this year after fending off a backlash in recent years over rising crime and homelessness.

    Seven of the nine council members will not seek reelection, citing physical threats by residents and a perception that the community no longer backs their politics. The exodus includes the most senior member, socialist Kshama Sawant.

    “I’m not seen as a person by some people, and it’s not safe for me or my family,” Council President Debora Juarez told the Seattle Times. “No job is worth that.”

    Sawant said bags of human feces have been thrown on her front lawn six times. “If the ruling class and their spokespeople were not angry with me, I would worry about what I was doing wrong,” she said.

    Seattle grabbed the nation’s attention in the summer of 2020 when rioters took over part of the downtown area in the wake of George Floyd’s death and refused to relinquish control. Former Council President Jenny Durkan compared the occupiers to “a summer of love.”

    As residents and businesses fled, some rioters took over a police precinct and set up an armed occupied zone. One teenager was shot to death in the zone, and his family filed a lawsuit against the city last year.

    “CHOP was a colossal screw-up for the city,” attorney Mark Lindquist told K5 News. “This lawsuit is one of many.”

    Other issues created by the city council include a defunding of police sparking a crime wave, a massive homelessness crisis, and the departure of 160 businesses, including Amazon, citing the hostile Seattle environment.

    Mike O’Brien, who served on the council from 2009 to 2019, told the Seattle Times that a radical shift to the left began when he arrived. At first, it seemed like a job he could hold forever, but eventually, residents started to become angry over issues the council was not fixing.

    Former Councilman Nick Licata said the job is now “less fun and more strenuous” and that Seattle is a national target because it’s an “uber-liberal city.”

    1. The majority of Seattle’s city council will be quitting this year after fending off a backlash in recent years over rising crime and homelessness.

      I remember a scene in “Seattle is Dying” where the mayor laughs at citizens in a town hall meeting, who aare complaining about the rise in homelessness and crime.

      We are being ruled by sociopaths and even psychopaths.

  5. The city knows what’s happening. Toronto’s police chief, the mayor, transit bosses all sense it. They see it rumbling on a grey horizon. So do the wags of Twitter, daily commuters, and out of towners now thinking twice.

    It’s fear. Broad, public fear. Not only the possibly-irrational-but-maybe-rational anxiety about personal safety in public spaces, particularly in Toronto’s essential but maddening transit system, but something more meta.

    The violent incident reports are undeniably disturbing. A woman died after being set on fire on a bus. Another was stabbed to death. A man was shot dead outside a station. People have been pushed onto the tracks, passengers and staff have been stabbed, slashed, punched, chased, robbed, threatened with a syringe, and swarmed. There was a child abduction and muggings. The list goes on.

    1. Opinion: As Canada ponders a task force, solutions for reducing public transit crime already exist
      Calgary Herald on|16 hours ago
      Having access to safe public transit can help alleviate these pressures. Unfortunately, with the recent rise in reported acts of random violence on transit systems across Canada, many Canadians are now apprehensive about riding public transit.

      ‘Disturbing’: Smith promises change after Edmonton bus damaged, rider threatened with ice pick
      CTV News|14 hours ago
      A 20-year-old man has been arrested and charged after police say he caused more than $5,000 worth of damage to an Edmonton Transit Bus and threatened a female passenger, acts that drew condemnation from Alberta’s premier.

      Decriminalization means ‘mind shift’ for officers, says Victoria police chief
      Times Colonist|10 hours ago
      Decriminalization comes after a federal exemption from Canada’s drug laws to allow substance users to possess a total of 2.5 grams of opioids such as heroin and fentanyl, as well as crack and powder cocaine,

      Mental health and addictions services ‘integrate’ in Huron-Perth
      CTV News|14 hours ago
      There’s a new name and vision for mental health in Huron and Perth counties, with little to no changes expected for clients. Two of the largest providers of mental health and addiction services in Huron and Perth counties are joining forces to become Huron Perth Addiction and Mental Health Services, a chapter of the Canadian Mental Health Association.

      Homeless encampment court ruling puts pressure on London to look at shelter system, says lawyer|1 hour ago
      A London, Ont., lawyer says an Ontario court ruling on a homeless encampment in the Waterloo Region will put pressure on London city hall to reconsider how it provides shelter spaces that can accommodate couples or people who are managing addictions or a mental or physical disability.

      Ontario judge denies request to clear Kitchener homeless encampment citing Charter violation
      The Globe and Mail|17 hours ago
      The Region of Waterloo had asked an Ontario court to find that roughly 50 people living in an encampment in Kitchener were in violation of its trespassing bylaw

      Ontario Court Halts Eviction of Encampment Due to Lack of Shelter Space
      storeys|14 hours ago
      An Ontario Superior Court justice denied a Region of Waterloo application to remove a homeless encampment from a municipal-owned property.

  6. Norway’s wealth fund, one of the world’s largest investors, posted a record loss of 1.64 trillion crowns ($164.4 billion) for 2022, bringing to an end a three-year run of soaring profits as stocks and bonds were hit by the Ukraine war and inflation.

    The previous largest loss was 633 billion crowns in 2008.

    “The market was impacted by war in Europe, high inflation, and rising interest rates,” Chief Executive Nicolai Tangen said in a statement on Tuesday.

    “This negatively impacted both the equity market and bond market at the same time, which is very unusual.”

    1. Norway’s wealth fund, one of the world’s largest investors, posted a record loss of 1.64 trillion crowns ($164.4 billion) for 2022

      Yumpin’ Yimminy!

  7. 𝗕𝗿𝗶𝘀𝘁𝗼𝗹, 𝗧𝗡 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗶𝗰𝗲𝘀 𝗖𝗿𝗮𝘁𝗲𝗿 𝟮𝟭% 𝗬𝗢𝗬 𝗔𝘀 𝗥𝘂𝗿𝗮𝗹 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗔𝗻𝗱 𝗟𝗮𝗻𝗱 𝗣𝗿𝗶𝗰𝗲𝘀 𝗣𝗹𝘂𝗺𝗺𝗲𝘁 𝗢𝗻 𝗦𝗼𝗮𝗿𝗶𝗻𝗴 𝗕𝗮𝗻𝗸𝗿𝘂𝗽𝘁𝗰𝘆 𝗙𝗶𝗹𝗶𝗻𝗴𝘀

    𝘈𝘴 𝘢 𝘮𝘢𝘫𝘰𝘳 𝘭𝘢𝘯𝘥 𝘣𝘳𝘰𝘬𝘦𝘳 𝘥𝘪𝘴𝘤𝘭𝘰𝘴𝘦𝘥, “𝘐𝘧 𝘺𝘰𝘶 𝘱𝘢𝘪𝘥 𝘮𝘰𝘳𝘦 𝘵𝘩𝘢𝘯 $500 𝘢𝘯 𝘢𝘤𝘳𝘦 𝘧𝘰𝘳 𝘭𝘢𝘯𝘥 𝘢𝘯𝘺𝘸𝘩𝘦𝘳𝘦, 𝘺𝘰𝘶 𝘨𝘰𝘵 𝘳𝘪𝘱𝘱𝘦𝘥 𝘰𝘧𝘧.”

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