I Don’t Want To Give My Place Away, Is A Common Refrain
A report from ABC 15 in Arizona. “‘Home prices are now down 8% in Phoenix compared to the 2022 spring peak, which is twice as large as the decline in prices nationally, but still lower than declines in the Bay Area and Seattle — down about 14%,’ said Selma Hepp, chief economist for CoreLogic.”
From NBC News. “The past year has been a rollercoaster ride for homebuyers and sellers alike. In early 2022, homes in Atlanta were getting as many as 32 offers with bids averaging $85,000 over asking price, according to one real estate agent. ‘We were getting one, two offers towards the summer,’ said Courtney Phillips of EXP Realty. But by the fall, mortgage rates had more than doubled from the start of the year, as the Fed began raising interest rates to tackle surging inflation. ‘And then it just kind of slowed,’ Phillips recalled, ‘where you’re on the market a couple of weeks and you get one really strong offer at list price.’ By November and December, she said home sellers were cutting prices.”
“Phillips said there are signs of a recovery as homebuyers have started coming back into the market in recent weeks. But as is always the case with real estate, she said, it depends on the property. ‘If the home is priced correctly, and it’s presenting well and it’s in a great area, then you’re getting multiple offers,’ she said. ‘Otherwise, it is sitting.'”
From Fauquier Now in Virginia. “High-interest rates have affected home buyers’ purchasing power, including in Fauquier County. Compared to 2021, the number of home sales in Fauquier declined by 31%. Similarly, in surrounding counties such as Culpeper, Rappahannock, and Madison, home sales declined between 23% and 33%. Lisa Sturtevant, chief economist at Bright MLS said the home sale activity in Fauquier is closer to what it was in 2018. Although Sturtevant said home prices would begin to plateau soon, the current median price of a home in Fauquier is approximately $530,000, which is $35,000 higher than a year ago.”
“The decline in demand for homes has afforded buyers more leverage when they are negotiating with sellers. Over the last few years, many home buyers have offered to waive home inspections or increase their offer to keep their bids competitive. Sturtevant said this is starting to change. ‘We’re starting to see sellers having to respond to these requests,’ she said.”
The Greeley Tribune. “Homesellers will see increasing prices in 2023, but they may have to wait until later in the year and they may have to be patient as prices return slowly toward their peaks of mid-2022. So said Windermere Real Estate Services Co. chief economist Matthew Gardner at the annual real estate and economic forecast event that the Northern Colorado branch of the company, based in Fort Collins. ‘We will see a recession this year. It’s not 2007 again. It’s more like 1990; we’ll see a couple of quarters of decline, a modest contraction this year,’ Gardner said. ‘Blame the Fed. They’ve successfully regulated inflation only three times in history.'”
“Sellers ‘have had their way’ in the market since 2012, and that’s changing. Northern Colorado is moving toward a more-balanced market with buyers and sellers having more equal power over sales. ‘The market is actually good. I’m not worried about it. You’ll be giving back a bit of the amazing price growth that you’ve experienced over the past couple of years.'”
CBS Sacramento in California. “‘Right now is a great time for buyers because they have a little less competition than they saw a year or two ago,’ said Sacramento realtor imberly Prince. ‘This is the best time for a home buyer to get into the market because we have sellers that are motivated to sell,’ said mortgage planner Katie Pastor Trinidad. Homes are sitting on the market longer, and once in contract, homes are selling for below list price, and sellers and builders are more willing to offer concessions.”
From Fortune. “Among the 150 major housing markets tracked by Burns Home Value Index, 100 markets ended 2022 with local home prices below their 2022 peak. Among the down markets, 24 regional housing markets ended 2022 with home prices down at least 5% from their respective 2022 peak price. The vast majority of the markets with sharp price drops, including places like Seattle (-8.7%) and Santa Cruz (-8.2%), are on the West Coast. The sharp home price corrections aren’t just occurring in high-cost West Coast markets. It’s also happening in “bubbly” housing markets, including places like Austin (-9.5% from its 2022 peak), Boise (-8.1%), Las Vegas (-8.3%), and Phoenix (-8.9%).”
The Real Deal on New York. “Vornado Realty Trust’s challenges continue to show up on its balance sheet: The company has written down the value of its real estate portfolio by $600 million. Steve Roth’s real estate investment trust indicated the reduction late Tuesday, Crain’s reported. About 80 percent of the writedown — $480 million — stems from a handful of Midtown properties.”
“The properties accounting for the other $120 million is unclear. The seven buildings involved in the writedown were valued at $5.6 billion four years ago. Today, they are worth $4 billion, a 30 percent drop. Evercore ISI analyst Steve Sakwa estimated the properties generate between $200 million and $225 million in net operating income, down from $250 million four years ago. It’s the latest in a litany of bad news for Roth’s firm. Last month, the city’s second-largest commercial landlord cut its dividend by nearly 30 percent, blaming the economic downturn and rising interest rates. A cut was expected, but the size of it shocked some analysts.”
KIRO 7 in Washington. “The Seattle Fire Department has responded to a historic number of overdose calls in recent memory. The department said it has responded to more than 5,200 overdose calls in the last 12 months. Kristen Neil has worked in downtown Seattle for over 20 years and said she believes the problem of people overdosing has worsened. ‘It’s flooded on the streets. It’s all you see every day when you walk up the street,’ Neil said. Neil has also had to make calls to 911 because of people passed out in front of her work. ‘Like walking out the door and having to call and watching somebody do chest compressions on someone else. You know, it’s kind of hard,’ Neil said.”
Willamette Week in Oregon. “In Portland, many liberals are dodging stray bullets, losing catalytic converters to thieves, and sidestepping tents. Then they open their tax bills. Maybe they aren’t voting Republican. But some are voting with their feet, getting the hell out of a city that once stole their hearts, driven away as taxes rise and quality of life declines. Stu Peterson, 65, grew up in Portland, and has been selling commercial real estate for decades as a partner at Macadam Forbes. ‘I’ve never seen money move out of here,’ Peterson says. ‘Nobody ever wanted to leave Oregon. It’s a beautiful place. Most evacuees are high-wage earners who are fed up with the crime, taxes and homelessness, in that order. There’s an ugly spiral.'”
“There is more demand for expensive houses in Clackamas County than in Multnomah. In the past 12 months, 47 houses sold for $2.5 million or more in Clackamas, compared with 37 in Multnomah, according to sales compiled by Inhabit Real Estate. Another 12 high-end homes sold in Washington County. ‘Eighty-five percent of the people looking at these listings are trying to leave Multnomah County,’ says Lake Oswego real estate agent Justin Harnish. ‘I was with a woman this morning who said she was moving out of downtown because she saw a lady stab another lady in the face with scissors.'”
The Globe and Mail. “Canada’s housing market will slowly grind lower in 2023 before finding a bottom later this year, predicts Randall Bartlett, senior director of Canadian Economics at Desjardins Group. Still, buyers are likely to remain cautious as some price discovery takes place, Mr. Bartlett added in an interview. ‘Nobody wants to catch a falling knife.’ By the end of December, the national average house price had dropped 20 per cent from its early 2022 peak, and Mr. Bartlett figures it will slip up to five per cent from that level.”
“Christopher Bibby, broker with Re/Max Hallmark Bibby Group Realty, says the opening salvo of many buyers is an offer well below the asking price, but some back-and-forth usually leads to an agreement. ‘Frequently people will call just to gauge the motivation or how desperate we are.’ In one case, a unit at 55 Stewart St. was listed with an asking price of $2.595-million. The buyer chiseled that figure down to a sale price of $2,478,600.”
“Elli Davis, real estate agent with Sotheby’s International Realty Canada, encourages potential sellers to list when there is so little inventory available, but she stresses that they also need to be realistic about the asking price. Some are dismayed about the tumble from the heights of early 2022. ‘I don’t want to give my place away,’ is a common refrain, she says, as sellers adjust their mindsets to lower prices.”
From Bloomberg. “Shaky property markets across much of the world pose another risk to the global economy as higher interest rates erode household finances and threaten to exacerbate falling prices. Reports this week have shown the US housing slump stretched into a fifth month, China’s home sales slide continued and price declines persisted in both Australia and New Zealand. In Britain, prices are now in their worst losing streak since 2008. In the world’s No. 2 economy, China’s property slowdown is showing few signs of abating, even as authorities ramp up efforts to revive the industry. New home sales tumbled 32.5% in January from a year earlier, preliminary data from China Real Estate Information Corp. showed.”
“In the UK, more than a decade of steady growth has given way to the longest house price slump since the global financial crisis in 2008. Nationwide Building Society said the average home value has fallen for five months in a row. Prices continued to fall in Australia and New Zealand in January, with the slide likely to continue as neither property market has yet felt the full brunt of last year’s spike in interest rates. In capital city Wellington, prices have already fallen 18.1% from a ear earlier, CoreLogic data show. In the largest city Auckland, prices are down 8.2%. It’s a similar story in Australia. Housing is even cooling in Singapore.”
ABC News in Australia. “People who cannot afford to pay their mortgages or sell without taking a loss are increasingly putting their properties onto the heated rental market instead. Numerous real estate agents in Sydney and Melbourne say the trend is becoming more entrenched as mortgage stress escalates. Jazmin Pfluger took ABC News on a tour of a small one-bedroom apartment in Melbourne’s inner west that had been listed for sale for between $310,000 and $325,000. The real estate agent said there had not been ‘enough interest at that price point.’ ‘That’s compared to 12 months ago when the market was doing really well for sales,’ she said. ‘It’s definitely changed a bit since then. The prices have dropped.'”
“Sydney has continued to lead the peak-to-trough falls, down 13.8 per cent since the market topped out in January 2022, with the median home price back below $1 million for the first time since March 2021. However, Hobart and Brisbane are rapidly catching up, with steeper falls over the past month (1.7 and 1.4 per cent) and past quarter (5.5 and 4.8 per cent).”
“Tanmay Goswami is a real estate agent who sells homes in Sydney’s outer western suburbs and has noticed the same trend as Jazmin Pfluger in Melbourne. He has distressed sellers coming through his door who can no longer afford their mortgages as rates spike and inflation hits people’s cost of living. ‘We are getting now calls from lots of landlords,’ he told ABC News.’They are struggling with the repayments, so they are looking to sell. All the inflation and other day-to-day costs has gone up, so they can’t afford.'”
“However, once they list their properties for sale, some sellers are finding they cannot get what they paid for them, or even enough to pay off what they owe on the mortgage. This situation is known as negative equity, and it can potentially lead to bankruptcy for borrowers with money still owed to the bank even if the house is sold. CoreLogic analyst Eliza Owen said this reality is now hitting home for those who bought recently, especially in localities that have seen the biggest property price declines, in some cases already above 20 per cent.”
“‘It’s quite possible that people have lost value in their homes,’ she said. ‘And, depending on the size of the deposit they went in with, it could be that they’re in a negative equity position now as well. It wouldn’t be surprising to see more and more people struggling with higher mortgage repayments with the extremes that we’ve seen in interest rate movements.'”
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‘the current median price of a home in Fauquier is approximately $530,000’
You really fooked up this time Jerry.
𝗚𝗮𝘀𝘁𝗼𝗻, 𝗦𝗖 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗶𝗰𝗲𝘀 𝗖𝗿𝗮𝘁𝗲𝗿 𝟭𝟳% 𝗬𝗢𝗬 𝗔𝘀 𝗥𝘂𝗿𝗮𝗹 𝗟𝗮𝗻𝗱 𝗔𝗻𝗱 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗶𝗰𝗲𝘀 𝗚𝗲𝘁 𝗖𝗹𝗼𝗯𝗯𝗲𝗿𝗲𝗱
https://www.movoto.com/gaston-sc/market-trends/
𝘈𝘴 𝘢 𝘯𝘰𝘵𝘦𝘥 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘴𝘵 𝘴𝘵𝘢𝘵𝘦𝘥, “𝘕𝘰𝘵𝘩𝘪𝘯𝘨 𝘢𝘤𝘤𝘦𝘭𝘦𝘳𝘢𝘵𝘦𝘴 𝘵𝘩𝘦 𝘦𝘤𝘰𝘯𝘰𝘮𝘺 𝘢𝘯𝘥 𝘤𝘳𝘦𝘢𝘵𝘦𝘴 𝘫𝘰𝘣𝘴 𝘭𝘪𝘬𝘦 𝘧𝘢𝘭𝘭𝘪𝘯𝘨 𝘱𝘳𝘪𝘤𝘦𝘴 𝘵𝘰 𝘥𝘳𝘢𝘮𝘢𝘵𝘪𝘤𝘢𝘭𝘭𝘺 𝘭𝘰𝘸𝘦𝘳 𝘢𝘯𝘥 𝘮𝘰𝘳𝘦 𝘢𝘧𝘧𝘰𝘳𝘥𝘢𝘣𝘭𝘦 𝘭𝘦𝘷𝘦𝘭𝘴. 𝘕𝘰𝘵𝘩𝘪𝘯𝘨.”
‘the opening salvo of many buyers is an offer well below the asking price, but some back-and-forth usually leads to an agreement. ‘Frequently people will call just to gauge the motivation or how desperate we are’
That’s the spirit!
I agree.
Whenever I purchased a house, I have asked the RE Agent if the house still has a mortgage. If it does, and it was purchased recently, there is a definite lower floor on any offer accepted.
If your offer is below their mortgage, they won’t likely take it. Once the offers start coming in below the mortgage, the financial motivation is to arrange a short sale or foreclose.
Your chicken will not lay the eggs.
One problem people whose relatives own chickens may soon discover: Soaring black market prices have undercut the supply of free eggs to friends and family.
Only “boosted” chickens will lay eggs.
Your chicken will not lay the eggs.
Our Walmart has been out of their Jimmy Dean’s Sausage Egg & Cheese English Muffin Sandwich for over a week now. While I was staring at the empty shelf another customer walked right up and stopped glancing at the shelf uttered a muffled, “schitt.” Then he looked at me and said, I think there’s an egg shortage! I said, “thanks” as he sauntered away.
Just checked online. $5.49 for a dozen eggs at Safeway and King Soopers (Kroger).
Walmart shows 12 for $3.49, but I have a hunch they’re sold out.
good thing colorado “voted” for that cage free laws. That’s way more than here (north of colorado)
I think that bill was either tucked away into another bill or was passed at midnight, because NO ONE knew it was coming until it was time.
I just paid $12 for 3 dozen large at Wegman’s. It’s a special.
And $20 for a thick Ribeye. I’m more sensitive to that.
‘Eighty-five percent of the people looking at these listings are trying to leave Multnomah County,’ says Lake Oswego real estate agent Justin Harnish. ‘I was with a woman this morning who said she was moving out of downtown because she saw a lady stab another lady in the face with scissors’
Now Justin, I see women stabbing each other in the face with scissors all the time. Well maybe once on TV. This article is worth a read. What a sh$thole.
Oswego the problem. Scissors in face a minor inconvenience.
I *LOVE* reading articles like this and the Seattle article, you’re getting exactly what you voted for, with a little help from George Soros.
“They’re not sending their best”
A popular retirement move is Vancouver, WA, which is just over the Columbia river. There’s no income tax in Washington state, a boost for your Portland retirement stipend.
‘You’ll be giving back a bit of the amazing price growth that you’ve experienced over the past couple of years’
A good way of looking at it Matt. Pay it forward, we’re all in this together!
‘Like walking out the door and having to call and watching somebody do chest compressions on someone else. You know, it’s kind of hard’
You gotta roll with it Kristen.
Call me a cold SOB, but junkies dying on the sidewalk don’t really ring my sympathy bell. Children suffering from cancer and those sorts of things tug at my heartstrings, not some filthy dirtbag who shot up too much. These are the same people who are accosting the locals with aggressive panhandling, petty theft, etc.
‘junkies dying on the sidewalk don’t really ring my sympathy bell’
I watched a video of people walking out with armloads of clothes from a store in California a while back. Onlookers were shocked. It occurred to me that when we see something like that we all know instantly it’s disturbing. I thought about it and it must shake us emotionally to witness real breakdown. We reply on stores to feed us and for general goods. If they can’t stop this they will fail. Where does that leave us? The whole mess seems to be barreling toward a painful end and necessary reversal. The socialists are not running again (much) in Seattle, which is a good sign. It’s a mistake to just write this off as a fruits and nuts problem IMO.
Most of the people I chat with would like to see moderate choices on the menu, not the extreme left (homeless everywhere, retail theft, trans-sexual leadership, etc.) or the extreme right (no abortions, police brutality, etc.) that we’re faced with today.
The Left is perfectly fine with police brutality.
And if we can’t collectively live without the right to murder our children, then the country deserves what it’s getting.
the extreme right (no abortions, police brutality, etc.
I was not aware that police brutality was an “extreme right” thing. Can you expand on this?
extreme right (no abortions
I will never be able to see compassion for the life of a child as “extreme” anything.
After the left decided ‘my body, my choice’ didn’t apply to fake covid injections, I decided that they can take their abortions and shove ’em.
I absolutely agree with you. I honestly don’t know where it’s going. I am shocked that people actually vote for the people who want these current policies.
actually vote for
What are you missing about voter/election fraud?!
No need to worry about misinformation, Chelsea Clinton and her friends at WHO will be “stamping out dissent”.
Chelsea Clinton pushes WHO power grab to manage the world’s next pandemic
By Mary Kay Linge and Jon Levine
January 28, 2023
Chelsea Clinton and a group of fellow globalists are pushing for a World Health Organization-led power grab – lavishly funded by American taxpayers in the aftermath of the COVID-19 pandemic.
“The global health crisis we have been facing can be turned into a historical opportunity to construct an equitable global health and human rights architecture that advances health security and justice,” declared the former First Daughter and nine highly credentialed public health advocates in the Jan. 14 edition of The Lancet, the venerable peer-reviewed medical journal.
The dense, 12-page treatise, “Human rights and the COVID-19 pandemic: a retrospective and prospective analysis,” demands a “global funding mechanism” to extract $48 billion a year – equivalent to the entire American foreign aid budget in 2021 – from the US and other wealthy nations for “public health emergency spending.”
But critics warned the global quasi-government entity envisioned by lead author Lawrence Gostin, a Georgetown Law professor and WHO apologist, could threaten personal freedom and US sovereignty.
“’Equitable’ means … discrimination based on race to redistribute services,” Manhattan Institute fellow Christopher Rufo told The Post. “‘Global’ is the idea that … authority should be relinquished from national authority. So people like Chelsea Clinton could make decisions outside the democratic process.”
The group also calls for an international effort to “address misinformation,” instructing WHO to bully social media companies into stamping out dissent: “WHO could also make the expectations of social media and other distribution platforms clearer.”
https://nypost.com/2023/01/28/chelsea-clinton-pushes-more-pandemic-powers-for-who/
“’Equitable’ means … discrimination based on race to redistribute services,”
Would race-bases services be illegal in the US?
Frankly, I’m just fine with them denying me their ‘care’ so they can give it to someone else.
A reader sent these in:
A round trip to nowhere. Fed will soon find itself where it started 2022, with an inflation acceleration blowing in it’s face just as it took a few victory laps on a job so nicely done, and and it’s just about to take a deserved warrior pause.
https://twitter.com/INArteCarloDoss/status/1620916850484969474
They had the chance and now it won’t end well
https://twitter.com/eliant_capital/status/1620917853854769152
Lisa Abramowicz
The Bloomberg Financial Conditions Index has risen to about the loosest in a year:
https://twitter.com/lisaabramowicz1/status/1620878609098641411
Powell: “Financial conditions have tightened significantly over the last year.” That’s just false. They are looser now compared to when the Fed started.
https://twitter.com/NorthmanTrader/status/1620869800015831045
“Powell has said that financial conditions have tightened considerably despite the fact that they have eased considerably. The fact that he has said this is dovish in its own right… The odds are increasing that the Fed is declaring victory too soon”
https://twitter.com/FerroTV/status/1620880755256881152
Lisa Abramowicz
Job openings are moving in the wrong direction, heading up to 11 million when they were expected to drop. This speaks to the tightness in the labor market at a time when the Fed views this as key to inflation.
https://twitter.com/lisaabramowicz1/status/1620801105746690059
“Fed will soon find itself where it started 2022, with an inflation acceleration blowing in it’s face just as it took a few victory laps on a job so nicely done, and and it’s just about to take a deserved warrior pause.”
Sounds like GWB’s victory declaration on the ship early on in the Iraq war…and a replay of the protracted 1970s era inflation episode.
Seems like stock investors are assuming a Fed pause is in the bag.
Economy
Jobs Report Is First Big Test After Federal Reserve Lets Loose The S&P 500
JED GRAHAM 03:04 PM ET 02/02/2023
Federal Reserve Chair Jerome Powell unleashed the S&P 500 on Wednesday, but a continued rally will depend on whether economic data supports the bull case. The January jobs report, out Friday at 8:30 a.m. ET, offers the first big test of whether wage growth and inflation will moderate convincingly enough for the Fed to pause rate hikes in March.
…
https://www.investors.com/news/economy/jobs-report-is-first-big-test-after-federal-reserve-lets-loose-the-sp500/
Is your FOMO telling you to jump back into stocks?
Business
Bed Bath & Beyond closing 3 stores in San Diego County amid financial turmoil
A Bed Bath & Beyond sign. The retailer is struggling financially and closing stores across the country, including three in San Diego County.
(Paul Sakuma / Associated Press)
Bed Bath & Beyond will close 87 more stores, including three in San Diego County. The retailer previously announced layoffs and the closure of 150 stores in August.
By Natallie Rocha
Feb. 2, 2023 12:24 PM PT
Bed Bath & Beyond is closing three San Diego County stores as the company struggles to stabilize its finances.
It’s time to dig up those 20 percent off coupons — and use them — because the retailer will close the following San Diego County locations:
1905 Calle Barcelona Suite 100 in Carlsbad
10537 4S Commons Drive, Suite 170 in San Diego
165 S. Las Posas Road in San Marcos
The local stores are among 87 locations to be closed in the latest cost-saving efforts by Bed Bath & Beyond. The company previously announced 150 store closures and laid off 20 percent of its workforce in August.
The company did not give a date for the final day of operations. A spokesperson for Bed Bath & Beyond said in an email that “store closing sales will commence and continue over the next few weeks and months.”
“As we work with our advisors to consider multiple paths, we are implementing actions to manage our business as efficiently as possible,” the spokesperson said in an email. “We continue our analysis of our store footprint based on a variety of factors, and together with our advisors, have identified additional Bed Bath & Beyond store closures that we will implement in a timely manner.”
…
https://www.sandiegouniontribune.com/business/story/2023-02-02/bed-bath-beyond-closing-3-stores-in-san-diego-county-amid-financial-turmoil
The Meme Stock Maven
Other Memes
Bed Bath & Beyond Stock: Bankruptcy May Trigger a Massive Short Squeeze
With the company on the verge of bankruptcy, Bed Bath & Beyond’s stock has been one of the hottest trades of the year so far.
Bernard Zambonin
Jan 31, 2023 5:42 AM EST
Home goods retailer Bed Bath & Beyond is planning to file for chapter 11 bankruptcy protection.
Short interest in BBBY extends over more than half of the float.
An eventual bankruptcy filing could cause Bed Bath & Beyond’s business to rebound, as well as short-term bullish moves in its stock.
…
https://www.thestreet.com/memestocks/other-memes/bed-bath-beyond-stock-bankruptcy-may-trigger-a-massive-short-squeeze
Beaten down stocks like Carvana and Bed Bath & Beyond are getting a huge boost as risk appetite returns amid the Fed’s acknowledgement of falling inflation
Matthew Fox
Feb 2, 2023, 10:01 AM
— Risk-on sentiment returned to the stock market on Thursday after the Fed acknowledged inflation is falling.
— Fed Chairman Jerome Powell mentioned the word “disinflation” 13 times during Wednesday’s FOMC speech.
— Beaten down stocks like Carvana and Bed Bath & Beyond soared as interest rates fell in Thursday’s session.
…
https://markets.businessinsider.com/news/stocks/stock-market-risk-on-rally-fed-acknowledges-falling-inflation-carvana-2023-2
Happy Groundhog Day!
And for the Groundgog’s sake, I hope Bill de Blasio doesn’t attend any of the ceremonies.
Who dropped the groundhog and killed it?
Published: 7:39 ET, Feb 2 2022
GROUNDHOG Day comes around every February and determines whether we will see six more weeks of winter if the animal sees its shadow.
Former Mayor of New York, Bill de Blasio was invited to the Staten Island Zoo for Groundhog Day festivities back in 2014, marking his first one since being elected at the time.
De Blasio accidentally dropped Charlotte, the 10-month-old female groundhog during the 2014 proceedings.
The groundhog managed to crawl up his arm after falling but died of “internal injuries” a week later.
Staten Island Zoo officials insisted de Blasio didn’t kill Charlotte, though the exact cause of her fatal injuries was never determined.
https://www.the-sun.com/news/2254632/bill-de-blasio-groundhog-death-staten-island-zoo/
𝗘𝗻𝗴𝗹𝗲𝘄𝗼𝗼𝗱, 𝗖𝗢 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗶𝗰𝗲𝘀 𝗖𝗿𝗮𝘁𝗲𝗿 𝟭𝟵% 𝗬𝗢𝗬 𝗔𝘀 𝗖𝗼𝗹𝗼𝗿𝗮𝗱𝗼 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝘂𝗿𝗻𝘀 𝗧𝗼𝘅𝗶𝗰
https://www.movoto.com/co/80111/market-trends/
𝘈𝘴 𝘰𝘯𝘦 𝘋𝘦𝘯𝘷𝘦𝘳 𝘣𝘳𝘰𝘬𝘦𝘳 𝘦𝘹𝘱𝘭𝘢𝘪𝘯𝘦𝘥, “𝘚𝘦𝘭𝘭𝘦𝘳𝘴 𝘢𝘳𝘦 𝘣𝘳𝘰𝘬𝘦 𝘢𝘴 𝘢 𝘫𝘰𝘬𝘦.”
“‘We will see a recession this year. It’s not 2007 again. It’s more like 1990; we’ll see a couple of quarters of decline, a modest contraction this year,’ Gardner said.”
The 1990 recession officially was very short, but California housing prices didn’t bottom out until 1996 or so.
“Phillips said there are signs of a recovery as home buyers have started coming back into the market in recent weeks”
Those housing recovery “Green Shoots” are starting to sprout like wild onions in the early spring. Trust her, she’s a Relitter.
Finally some common sense:
https://redstate.com/alexparker/2023/01/31/breakthrough-state-dumps-degree-requirement-for-65000-jobs-promotes-practical-experience-over-college-n696499
Musk has been saying this for years.
“[The governor] announced that…92 percent of state government jobs — about 65,000 positions — do not require a four-year college degree.”
But I owe $150,237.89 on stuent loans I took out to attend SE New Hampshire State University online so I could get a government job in Pennsylvania.
My son’s engineering college degree is costing me $25k/yr at our public state university. They want $60k/yr for a masters program!
I thought Colorado State was pricey @ $12K
Our tuition is $12k too, but housing isn’t included in that estimate, so now we’re up to $20k/yr. Then there’s books, food, transportation w/insurance, etc., so pretty soon you’re talking some serious coin.
The syllabus is the same way, e.g., to graduate with a mechanical engineering degree you only need two math courses, differential equations and linear algebra. 🙂
two math courses
I went for $300 a semester. Got some scholarships. No on-campus housing. Different world.
Our engineering program required four semesters of calc. I also took statistics & probability, but can’t remember if it was specifically required.
Our tuition is $12k too, but housing isn’t included in that estimate, so now we’re up to $20k/yr. Then there’s books, food, transportation w/insurance, etc., so pretty soon you’re talking some serious coin.”
yes that’s about right. I’m almost done with all that just in time too.
“Our engineering program required four semesters of calc.”
Those are prerequisite courses to diff-eqns.
“Those are prerequisite courses to diff-eqns.”
And lots of algebra, geometry and trig prior to calculus!
diff-eqns.
OK, I took “Calculus” I, II and III and then one semester of “DifEq”. It was considered part of the field of Calculus.
$25k/yr
Imagine paying that much and being told that YOU are the problem and the cause of everything wrong in the world.
The FAFSA reps were ready to put us in debt for life, but I told them where they can put that idea. 🙂
You will own nothing
You will eat the groundhog
The groundhog will eat the grass fertilized by your rotting corpse.
“Over the last few years, many home buyers have offered to waive home inspections”
Nobody needs to get the electrical inspected. If something goes wrong, you can always fix it yourself from watching YouTube videos.
Enjoy your mold related illness as well as your cracked foundation. It was cheaper than renting though amirite!
They will get a first hand lesson in the term “sparky,” if they survive.
‘The vast majority of the markets with sharp price drops, including places like Seattle (-8.7%) and Santa Cruz (-8.2%), are on the West Coast. The sharp home price corrections aren’t just occurring in high-cost West Coast markets. It’s also happening in “bubbly” housing markets, including places like Austin (-9.5% from its 2022 peak), Boise (-8.1%), Las Vegas (-8.3%), and Phoenix (-8.9%).”’
The whole country was “bubbly.”
Part of his bill would include prohibiting public universities from using Diversity, Equity, and Inclusion (DEI) statements.
“New College has really embraced that,” DeSantis said, “and I think that’s part of the reason it hasn’t been successful and the enrollment’s down so much.
https://www.fox13news.com/news/desantis-appointed-trustees-at-new-college-of-florida-could-overhaul-school
I named my kid 1619 Project. project is his middle name btw.
DeSantis announces sweeping changes to dismantle DEI, CRT in higher education
Shelby Kearns | Associate Editor
Wednesday, February 1, 2023 10:10 AM
Florida Gov. Ron DeSantis announced a legislative agenda that, if implemented, will dismantle diversity, equity, and inclusion (DEI) and critical race theory (CRT) in Florida higher education.
During a press conference and in an accompanying press release, DeSantis said that he is “aligning core curriculum to the values of liberty and the Western tradition, eliminating politicized bureaucracies like DEI, increasing the amount of research dollars for programs that will feed key industries with talented Florida students, and empowering presidents and boards of trustees to recruit and hire new faculty.”
https://www.campusreform.org/article?id=21197
“In Portland, many liberals are dodging stray bullets, losing catalytic converters to thieves, and sidestepping tents. Then they open their tax bills. Maybe they aren’t voting Republican. But some are voting with their feet, getting the hell out of a city that once stole their hearts, driven away as taxes rise and quality of life declines.”
Ruined Portland, now on to the next city/state where they will continue to vote Democrat and laugh when you tell them it’s their fault that Portland imploded. Do not be welcoming to those people.
“Then they open their tax bills.”
But the keep pulling the D lever! WTF?
They all love them some socialism, until they actually get some real socialism:
“Portland now has the nation’s second highest effective individual income tax rate, the report found. At 14.69%, Portland’s combined rate trails only New York’s 14.78%. Moreover, Portland residents need to earn only $125,000 per year to trigger the highest marginal rate.”
But the keep pulling the D lever! WTF?
Ideology is a powerful thing. In their minds Leftism will eventually work because it has to work. History is irrelevant as they didn’t try “real communism”. And this isn’t new, 40 years ago an idiot handing out commie flyers told me that Hungary wasn’t truly communist. Those losers always think there will be a special spot reserved for them when the new order arrives, with a cushy desk job, a country weekend home, a car with a driver, etc.
they didn’t try “real communism”
Nobody has, so they should realize that all they can hope for is what Cuba, Venezuela, Russia, China and all the rest of the suckers got.
+1
Denver is getting there. Voting almost 80% for Pedo Joe in 2020 because Orange Man Bad and Murder Muh Baby.
I’m attending a concert at the Boettcher Center later this month. Any words of advice are welcome.
don’t
also say goodbye to your catalytic converter, probably your car and maybe your life.
Stay away from crowds.
^This.
“also say goodbye to your catalytic converter, probably your car and maybe your life”
The head of the transit agency RTD described Union Station and Downtown Denver as a “lawless hellhole”
Don’t fight the Fed my good friends…. Don’t fight the Fed.
Austin, TX Housing Prices Crater 24% YOY As Inventory Soars And Sellers Slash Double Digits
https://www.movoto.com/tx/78730/market-trends/
Is this the same “World Health Organization (WHO)” That “Chelsea Clinton and a group of fellow globalists are pushing for a World Health Organization-led power grab” in the article posted above?
“The ICD-10 coding system was created by the World Health Organization (WHO) and doctors are required to use it to categorize different kinds of patients.”
Federal Government Tracking Unvaccinated People Who Go To Doctor And Hospital Due to CDC-Designed Surveillance Program
by Patrick Howley | NationalFile.com
February 2nd 2023, 11:52 am
The U.S. federal government is tracking people who decided not to get the COVID-19 vaccine injection, according to bombshell federal government records and video exclusively obtained by NATIONAL FILE. According to the shocking video, unvaccinated people are quietly tracked when they go to the doctor’s office or to the hospital due to a quiet new program proposed and implemented by the Centers for Disease Control and Prevention (CDC). Government meeting materials make clear that the new program is designed to “track people who are not immunized or only partially immunized.”
A bombshell piece of information was revealed at the September 14-15, 2021 virtual Zoom meeting of the federal government’s ICD-10 Coordination and Maintenance Committee (which includes representatives from the Centers for Medicare and Medicaid Services, known as CMS, and the Centers for Disease Control and Prevention’s (CDC) National Center for Health Statistics). At the meeting, the Committee discussed new categories of “ICD-10” codes that the CDC’s National Center for Health Statistics (NCHS) wanted to create to mark people as “Unvaccinated for COVID-19,” “Partially Vaccinated for COVID-19” and “Other underimmunization status.”
The ICD-10 coding system was created by the World Health Organization (WHO) and doctors are required to use it to categorize different kinds of patients. The ICD-10 codes are preserved in a patient’s electronic health record and used by insurance companies for billing purposes. The CDC’s National Center for Health Statistics maintains the ICD-10 codes. Within ICD-10 codes, there is a category known as “ICD-10-CM” codes (which are reportedly used by the CDC for tracking purposes), and this “CM” category includes the new “Unvaccinated for COVID-19” category and also the “Partially Vaccinated For COVID-19” category and the “other underimmunization status” category.
https://www.infowars.com/
Back to looking at the rental listings again, after not bothering to for a long time. Checking Zillow (🤨), the place we’re renting peaked at $584K last June, today $495K, so we have to get ready for possible bad news. Not as worried about an outrageous rent increase if offered renewal bc I think that’s over, but I worry when I see a listing like this. They must be joking, bad area.
https://rentberry.com/houses/88195428-two-br-1046-bonita-avenue-las-vegas-nv-89104-usa
I only looked at it because the rent is only slightly less than what we pay now, a little shocked. Wouldn’t consider that area anyway. Where we live now is not bad, but certainly not the best. Next move may be out of state.
“Back to looking at the rental listings again”
Bummer, I just didn’t like that it was just a PITA.
I hope it goes smoothly for you.
Thanks, jeff. How are you feeling?
Getting better but I have a ways to go thanks for asking.
Like Mickey Mantle said…
“If I knew I was going to live this long, I’d have taken better care of myself.”
Feel the same way! LOL
Would you rather drive or fly in the airlines cloisterfork era?
The Financial Times
The Big Read Airlines
How the US fell out of love with flying
Cancelled flights, missing bags and disappearing routes are infuriating passengers — and galvanising a push for tighter regulation
Southwest Airlines passengers caught up in the travel chaos during December’s storm search through hundreds of unclaimed suitcases at Nashville airport
Claire Bushey in Chicago yesterday
The apology Southwest Airlines emailed to customers following mass cancellations that stranded travellers across the US over Christmas annoyed Talesha Roberson. The way she saw it, the problems with flying extended far beyond one airline’s high-profile holiday meltdown.
Roberson, a Washington state resident who grew up in Indiana, flies back there about five times a year to visit family and friends. In September, maintenance problems delayed her Southwest flight for more than two hours. Then on December 17 — four days before a storm kicked off the chaos at Southwest — the airline cancelled her flight, again because of maintenance. Though Southwest refunded her fare and put her on another flight the next day, when she arrived in Washington her luggage was missing.
The mounting inconveniences have made her question the integrity of air travel, not just at Southwest, but across the industry. “People are losing trust,” she says. “A lot more people are going to start going on road trips.”
…
About 20 years too late. The noticing seems awful slow.
It’s been faster to drive any trip under a 1000 miles since 9/11. Since 2020 probably closer to 1500/2000 miles.
a 1000 miles
Must drive pretty fast, and not need sleep.
Finally, the “squad” is losing
There is no debate that Ilhan Omar, the face of antisemitism in the Democrat Party, has no place representing American interests on the Foreign Affairs Committee. Ms. Omar is an embarrassment to Minnesota and our country,” Emmer said.
https://www.breitbart.com/politics/2023/02/02/house-ousts-ilhan-omar-from-foreign-affairs-committee-in-party-line-vote/
“…American interests…”
LOL
Off topic, but I have been checking out private party used vehicle asking prices on Craigslist, then running the private party value via VIN at KBB. My takeaway is that sellers are either delusional, or they simply have not run the current value and are unaware of how far prices have fallen. Because I am seeing 10+ year old vehicles with asking prices that are almost $10k over what KBB says. They are not selling, of course.
A steadily serviced Honda or Toyota that has been garaged during its ownership will easily sell a couple thousand above KBB value. Our newer Honda Accord coupe is an outside car, and it’s too windy for a car cover. With typical cars now commanding $40k, the buyer should have a carport at a minimum, or buy used, IMHO.
Oh, my.
Las Vegas Home Buyers The Final Count Down Your Days Are Numbered Act Now | 7 views | Feb 2, 2023
https://www.youtube.com/watch?v=TWrG685u6cI
Advice about what happens as an owner vs a renter and if you lose your job is particularly cynical.
Video description:
The Final Countdown
Buyers under 500,000 this is the final countdown
Many homes under 500k have now dropped 15% to 25% from the peak.
Like we had said last April would likely happen after the fed announced housing reset
The Fed told us they were going to reset housing.
Well this is it, homes may drop a little more under 500 but the risk reward for owner occupant buyers is now gone
The hedge funds are starting to fire up again.
Meanwhile free money is back no strings attached, no income limit.
You can now get free money no matter how much money you make.
We are now seeing a surge in home buying under 500K
Do not delay act today!!
Get that free money, get that house, you can buy a house for less than a security deposit on a rental.
Yes it’s pretty funny that the feds trying to bring down inflation meanwhile other entities are given out free money.💰🤑
New Project Veritas video. Contrary to Jordon’s claim at 4m49s, LNPs, and hence the mRNAs, do cross the blood-brain barrier.
https://twitter.com/Project_Veritas/status/1621333409422315520?cxt=HHwWgMC4samJkYAtAAAA (5m22s):
“I hope we don’t find out that somehow this mRNA lingers in the body and like — because it has to be affecting something hormonal to impact menstrual cycles.”
“[P]eople will have to investigate that down the line.” NO!!! That’s what preclinical and clinical trials are for!
There ought to be some rules!
Rules for avoiding cryptocurrency scams:
1) Avoid scam artists.
2) Don’t buy cryptocurrencies.
Cryptonews
Canadian Resident Heartbroken After Falling Victim to Crypto Scam, Loses Home and Almost $500K – Here’s What Happened
30 Jan 2023 01:37 AM PST · 2 min read
Ruholamin Haqshanas
An Ontario man has allegedly lost his home plus his entire life savings after falling victim to a crypto scam.
Stephen Carr of Meaford got involved with the scam after watching a YouTube video that promised he could make large amounts of money trading commodities, foreign currencies, and cryptocurrencies. To test the waters, Carr started with a $250 investment and poured another $2,500 after seeing his investment grow.
At one point, the Canadian resident asked for a $1,000 withdrawal, which he received and gave him confidence the website was legitimate. Subsequently, he invested his life savings of $498,000 from a period in October 2022 to January 2023, as per a report by CTV News Toronto.
“What I didn’t know at the time is this trading platform I was on was a simulation, it wasn’t connected to anything, like a flight simulator that’s not connected to a real airplane,” he told the outlet.
After his investment grew to a whopping $1.3 million, Carr tried to withdraw some of his funds. However, he was asked to pay a $150,000 liquidation provision to get his money. He said:
“I got conned, and in hindsight, I put a ridiculous amount of money in this and a ridiculous amount of trust in these people. I’m devastated. I’m in the process of selling my house and have to reorganize my life. I’ve got maybe two or three months of useable cash left, and that’s it.”
…
https://cryptonews.com/news/canadian-resident-heartbroken-after-falling-victim-crypto-scam-loses-home-almost-500k-heres-what-happened.htm
“In essence, it does not matter how big the Russian losses are, since their overall human resource is much greater than Ukraine’s,” Mr. Salm, the Estonian official, said in a follow-up email. “In Russia the life of a soldier is worth nothing. A dead soldier, on the other hand, is a hero, regardless of how he died. All lost soldiers can be replaced, and the number of losses will not shift the public opinion against the war.”
As the Brits say, “Grist to the mill.”
As the Brits say, “Grist to the mill.”
Well Estonian Salm, it’s probably mattering a lot to the Ukrainians as each Rus life is costing them eight.
“Grist to the mill” implies profit for the miller. Shame on the miller.