thehousingbubble@gmail.com
Blog

It Hurts Coming Out Of A Fireworks-Everywhere Market

A report from the Union Leader. “People bought nearly 40% fewer homes in New Hampshire in January than two years ago, the lowest one-month total in 12 years. Meanwhile, some areas are beginning to see lower prices than a year ago. Hillsborough County, which includes Manchester and Nashua, recorded a median price of $405,000 in January — $35,000 cheaper than a year ago, according to the New Hampshire Realtors. ‘We’re now seeing the beginning stages of the inevitable shift in the market,’ said Dave Cummings, the group’s vice president of communications. ‘And while it can be fun to watch sales and price numbers climb, especially for sellers, the idea that the peak may be in the rearview mirror for this cycle is certainly a good thing for the overall health of the economy.'”

The Advocate in Louisiana. “The average price of a home sold in January in Lafayette Parish dropped to $264,445, the third straight month to decrease and a considerable drop from the high-water mark last summer when the average sale price reached topped $315,000, according to data released from real estate analyst Bill Bacque with Market Scope Consulting. The median sale price dropped to $235,639, just below the $247,000 median price in 2022. Outside Lafayette Parish, the average sale price was $170,339, down from the $191,563 average price of 2022. Homes stayed on the market much longer, too. ‘The expectation is that 2023 will be a transition year as our housing market adjusts from the overheated velocity that we experienced over the past 2 ½ years,’ Bacque wrote.”

The Coeur d’Alene Press in Idaho. “Less than two years ago, it seemed everyone wanted to live in Coeur d’Alene. Things have changed. The Coeur d’Alene Regional Realtors said the median price for a single-family home in Kootenai County in January was $525,000, down from $550,000 in December, but nearly flat compared with $526,000 in January 2022. Jared McFarland, CRR president, said the Kootenai County median home price peaked at $559,000 in May 2022. The number of homes sold in January, 109, was down 40% from 183 in January 2022. The number of active residential listings in January, 609, was down slightly from about 630 in December, but well up from 160 in January 2022.”

From Geek Wire. “In the suburban community of Kirkland, Wash., where Google established its original beachhead in the Seattle area, the tech giant had big plans to expand even further. But suddenly and without warning, the plans evaporated last month. At a gas station across busy NE 85th Street, a clerk behind the register showed some surprise — and delight — at the news that Google had pulled out. ‘That’s good,’ said the woman, who wished to not be identified. ‘Everything is already too expensive.'”

The Sequim Gazette in Washington. “Last year, Sequim saw its highest median home sale prices ever. E. Michael McAleer, managing broker with RE/MAX Prime, reported that Sequim’s 2022’s median home sale price hit a high of $545,000. While Sequim’s median home sale price in 2022 at $545,000 was the highest ever, it was also due to a second quarter high point hitting an all-time high for a quarter at a $575,000 median sale price. Then numbers fell to $550,000 in the third quarter, and to $513,000 in the fourth, according to McAleer.”

“For Jan. 2022, Eileen Schmitz, president of JACE Real Estate Company, said the median sale was an all-time high of $634,500 but it ‘was an artificially inflated number’ as Sequim recorded the most sales ever of homes over $1 million. ‘It hurts coming out of a fireworks-everywhere market,’ she said.”

Mansion Global on California. “Despite nearly record-low home sales in San Francisco in January, buyer demand is predicted to rebound in 2023, according to Compass. Last month had the lowest monthly sales volume since 2009. Prices were down as well, with median home prices down 16.5% annually to $1.5 million, the report said. For the ultra-luxury sector—homes priced at $5 million and above—sales were down about 49% compared to the year before, the data showed.”

Bisnow New York. “When Monday Properties paid $740M for the Helmsley Building in 2010, the company’s CEO, Anthony Westreich, was expecting a win, but he didn’t realize just how good his timing was. Five years later, the company sold the office tower at 230 Park Ave. for $1.2B. Within a year of that sale, Manhattan-based Monday Properties had sold all 6M SF of its New York holdings. ‘We were lucky because anything bought in ’18, ’19 or ’20 would just be worth less today,’ he said. ‘I’m not suggesting it’ll be that way forever, but it is at a moment in time. … You’ll see a lot of smart, smart landlords divesting of office.'”

The Montreal Gazette in Canada. “Montreal’s housing market is suffering from a bad case of the winter blues. Residential property sales in metropolitan Montreal plummeted 36 per cent last month to 1,791, the smallest total for January since the financial crisis of 2009, according to the latest Centris data released Tuesday by the Quebec Professional Association of Real Estate Brokers. Sales of single-family homes hit a January low, while prices for all types of residential properties retreated.”

“Regardless of the category, property prices in Greater Montreal are falling. Single-family homes suffered the most last month, with the median price dropping seven per cent year-over-year to $500,000. Median prices in St-Jean-sur-Richelieu posted the biggest drop, slumping 20 per cent year-over-year in January. Prices fell 10 per cent elsewhere on the South Shore, seven per cent on the island of Montreal, five per cent on the North Shore, four per cent in Vaudreuil-Soulanges and three per cent in Laval.”

“‘The market has completely changed,’ Charles Brant, head of market analysis at QPAREB, said in an interview. ‘The decline in activity is substantial, but let’s not forget that a year ago buyers were rushing to acquire properties before the expected increase in interest rates materialized. That really drove up prices, and this is what we are comparing ourselves to now. The overbidding premium has disappeared.'”

The Property Reporter. “Research by property purchasing specialist, House Buyer Bureau, has revealed that home sellers looking to secure a sale via an asking price reduction are doing so to the tune of 19.8% on average, with those in Scotland reducing by the largest margin (-21.3%), while the South East is home to the largest proportion of homes with a reduced asking price. The research shows that the average price of a reduced property currently on the market across Britain is £303,533, having seen a reduction of 19.8%. The North East is also home to one of the largest average asking price reductions, with homes seeing a 21.1% correction, followed by Wales (20.8%), the West Midlands (20.6%) and East Midlands (20.5%).”

Channel News Asia. “More homes in Singapore could be up for auction this year as the number of bankruptcy petitions rises, according to real estate consultancy Knight Frank. There were 420 auction listings in 2022. This number, which includes repeat listings, could surge 40 to 50 per cent to about 600 this year, Knight Frank said in its report. As interest rates continue to rise, those tied to home loans with floating rates will feel the pinch, said Ms Joy Tan, head of auction and sales at Edmund Tie. ‘Those who bought their properties during the property boom year of 2021 on two-year fixed rates will be looking forward to refinancing this year, and will also feel the pinch with the new rates,’ said Ms Tan.”

From The Age. “Reserve Bank governor Philip Lowe describes it as a painful squeeze. But the decision to tighten the official cash rate again, with more to come, is increasing the risk of squeezing the life out of the economy he is trying to save. That squeeze and the number of people embraced by the interest rate python are only going to increase if the RBA keeps tightening monetary policy. Analysts with Jarden Australia noted that because of the delay before interest rate movements affect the economy, households so far have felt only about half the impact of 2022’s rate rises.”

“Deloitte Access Economics Pradeep Philip says the RBA is putting the economy at substantial risk. ‘Far from a soft landing, the RBA now risks missing the runway altogether,’ he said. Many economists believe the Reserve Bank will take the cash rate to 3.85 per cent by the middle of the year. For a household with that $604,000 mortgage, such a cash rate would suggest an increase in monthly repayments in a 12-month period of almost $1400. That’s enough to squeeze the life out of any python.”

From News.com.au. “An Australian landlord has been absolutely roasted after taking to social media to complain about her tenants not paying rent. Liz Hammond, who owns a rental property in Sydney, decided to have a ‘little bit of a whinge’ on TikTok this week about issues she was having with her tenants. A message note on the video read ‘non paying tenants rage’ and was accompanied by a caption claiming she and her partner are ‘top landlords’ so she didn’t want any ‘accusations’ from ‘crusaders.'”

“Ms Hammond then went on to sarcastically thank her tenants for causing her and her family stress. She said what they didn’t know is that her mum died four months ago and two months after that her dad was diagnosed with cancer. ‘So I haven’t really been at work that much and with kids and not much paid leave, we are really struggling,’ she said. ‘So, I just wanted to say to you, f**k you for causing us extra pressure in my life when I didn’t need it.'”

“Then, in a move that prompted a lot of angry responses, the Sydney landlord took a swipe at young Aussies, claiming they had ‘no pressures.’ ‘Because you 20 something-year-olds with no life experience and no pressures wouldn’t give a f***ing sh*t about the fact that we are struggling right now, so to you, f**k you,’ she said, making a rude gesture towards the camera.”

“There were many things in the video that people took issue with, but there was one part in particular right at the end that left many extremely confused. ‘And I am having to drink out of a plastic f***ing cup,’ Ms Hammod said, holding up a blue cup to the camera before abruptly ending the video. This one statement led to hundreds of comments from people trying to figure out what drinking out of a plastic cup had to do with her tenants not paying rent.”

“‘I get her point and frustration. I’m confused at the plastic cup thing. She’s at her house. Go get a different cup. The cup thing has me so confused,’ one of the more diplomatic commenters said. ‘Did … did the bank repossess her glassware???’ another asked. Another said: ‘But I need to know how one month without rent is making her drink from a plastic cup.’ ‘Hear me out … what if you stop buying avo on toast?’ another sarcastically suggested.”

Related Posts
This Post Has 86 Comments

  1. 𝗣𝗮𝗹𝗺 𝗛𝗮𝗿𝗯𝗼𝗿, 𝗙𝗟 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗶𝗰𝗲𝘀 𝗖𝗿𝗮𝘁𝗲𝗿 𝟭𝟱% 𝗬𝗢𝗬 𝗔𝘀 𝗧𝗮𝗺𝗽𝗮 𝗔𝗿𝗲𝗮 𝗦𝗶𝗺𝗺𝗲𝗿𝘀 𝗜𝗻 𝗔 𝗦𝗲𝗲𝘁𝗵𝗶𝗻𝗴 𝗣𝗼𝘁 𝗢𝗳 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗗𝗲𝗳𝗮𝘂𝗹𝘁𝘀

    https://www.movoto.com/palm-harbor-fl/market-trends/

    𝘈𝘴 𝘢 𝘥𝘪𝘴𝘵𝘪𝘯𝘨𝘶𝘪𝘴𝘩𝘦𝘥 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘴𝘵 𝘴𝘵𝘢𝘵𝘦𝘥 𝘴𝘰 𝘦𝘭𝘰𝘲𝘶𝘦𝘯𝘵𝘭𝘺, “𝘈 𝘩𝘰𝘶𝘴𝘦 𝘪𝘴 𝘢 𝘳𝘢𝘱𝘪𝘥𝘭𝘺 𝘥𝘦𝘱𝘳𝘦𝘤𝘪𝘢𝘵𝘪𝘯𝘨 𝘢𝘴𝘴𝘦𝘵 𝘵𝘩𝘢𝘵 𝘦𝘮𝘱𝘵𝘪𝘦𝘴 𝘺𝘰𝘶𝘳 𝘸𝘢𝘭𝘭𝘦𝘵 𝘦𝘷𝘦𝘳𝘺 𝘥𝘢𝘺 𝘪𝘵 𝘰𝘸𝘯𝘴 𝘺𝘰𝘶.”

  2. ‘The average price of a home sold in January in Lafayette Parish dropped to $264,445, the third straight month to decrease and a considerable drop from the high-water mark last summer when the average sale price reached topped $315,000’

    At some point, this level of price drops in these little sh$tholes is going to translate into jingle mail.

  3. ‘a clerk behind the register showed some surprise — and delight — at the news that Google had pulled out. ‘That’s good,’ said the woman, who wished to not be identified. ‘Everything is already too expensive’

    And the horse you rode in on…

  4. ‘I get her point and frustration. I’m confused at the plastic cup thing. She’s at her house. Go get a different cup. The cup thing has me so confused,’ one of the more diplomatic commenters said. ‘Did … did the bank repossess her glassware???’ another asked. Another said: ‘But I need to know how one month without rent is making her drink from a plastic cup.’ ‘Hear me out … what if you stop buying avo on toast?’

    That’s the spirit!

        1. Wait wait are you saying just like lumber before that everything is just financial fraud? That endless hot money flows into a market and drives it into a bubble and then gets out with the underlying fundamentals actually changing?

          That can’t be possible, our government would never allow such things to happen. (/sarc)

          2. “Wait wait are you saying just like lumber before that everything is just financial fraud?”

            Nailed it, again!

          3. Wait wait are you saying just like lumber before that everything is just financial fraud?

            They turned the whole economy into a giant casino with the money-printing. Everything is speculation. It’s a bad model.

    1. The first link is a BitChute channel titled “Nuremberg 2.0” because these globalists need to HANG ☠️

      Yuval Harari could not be reached for comment…

  7. Seinfeld – Little Bastard

    https://youtu.be/Qr8SB1uoH3M

    Homestead, FL 🌴☀️🌴
    @HomesteadSocial

    🚨 WARNING 🚨
    **Viewer discretion is advised**

    This was on the school bus this afternoon, February 1st. A bunch of older kids beating up a 3rd grader and Coconut Palm K-8 did NOTHING to the kids involved.

    The bus driver did nothing to help the little girl.

    https://twitter.com/HomesteadSocial/status/1620985201659899904?s=20&t=OZfzxZPZQTgGu2tSHxcj3w

  10. The number of homes sold in January, 109, was down 40% from 183 in January 2022.

    Is that a lot?

  11. ‘The decline in activity is substantial, but let’s not forget that a year ago buyers were rushing to acquire properties before the expected increase in interest rates materialized.

    Die, speculator scum.

    1. …a year ago buyers were rushing to acquire properties before the expected increase in interest rates materialized.”

      I would be interested in the aggregate net underwater position of leveraged speculators in US real estate.

  13. “Despite nearly record-low home sales in San Francisco in January, buyer demand is predicted to rebound in 2023, according to Compass.”

    Did the Compass people mention why they expected buyer demand to rebound this year? It took over five years for California home prices to bottom out the last two real estate busts (1990-2006, 2007-2012), but perhaps this time is different.

    “Last month had the lowest monthly sales volume since 2009. Prices were down as well, with median home prices down 16.5% annually to $1.5 million, the report said. For the ultra-luxury sector—homes priced at $5 million and above—sales were down about 49% compared to the year before, the data showed.”

    Sounds like the market is CR8Ring in every conceivable direction. Try not to catch yourself a falling knife investing in San Francisco real estate.

    2. The San Francisco Standard
      Business
      It’s Not Just SF—the Whole Bay Area Saw a Pandemic Population Drop
      Written by Kevin Truong
      Published Jan. 31, 2023 • 2:00pm
      The Bay Area lost more than 217,000 people over the last three years, depressing the region’s population to levels not seen since 2014. | Aric Crabb/MediaNews Group/The Mercury News via Getty Images

      The Bay Area lost more than 217,000 people over the last three years, depressing the region’s population to levels not seen since 2014, according to a report from real estate brokerage Compass, which analyzed newly released numbers from the California Department of Finance.
      …
      https://sfstandard.com/business/its-not-just-sf-the-whole-bay-area-saw-a-pandemic-population-drop/

    3. The San Francisco Standard
      Business
      Will the Tech Downturn Be the Death of SF Real Estate?
      Written by Liz LindqwisterPublished Feb. 02, 2023 • 7:00am
      The pink Painted Lady house in San Francisco’s Alamo Square was up for sale on May 27, 2022. | Camille Cohen/The Standard

      With mounting layoffs, sky-high interest rates and empty office buildings, the woes of San Francisco’s struggling tech-driven economy make headlines every day.

      Yet, as the city’s population shows signs of a comeback, what is the net impact of these opposing trends on the residential real estate market in the city?

      The latest data show that the economic downturn has negatively impacted residential real estate across the city with stagnating sales, falling rents and certain areas bearing the brunt of the decline. But ever-optimistic real estate agents say the market may be ready to heat back up.

      Rent prices are falling throughout San Francisco, recording a 1.7% dip in December, over twice the national rate of decline. And median asking apartment rents continued to drop into January 2023, according to the SF Controller’s Office. Though it’s typical for rents to decline in the fall and winter before recovering in the spring and summer, city economists say SF’s recent rent fluctuations reflect how economic challenges continue to influence renter and buyer behavior.

      “In late 2022, [rent fluctuations] were worse because of concerns about the overall state of the economy, consumer confidence dropped and household formation slowed—all of which limited rent demand more than normal,” said Ted Egan, chief economist at the Controller’s Office. “SF dropped by more than the average, but not the worst in the country.”

      And in what many say is a continuation of pandemic-era challenges—such as the 2020 exodus of young adults from the city and increased concerns about crime and drug use—rental prices continued to remain stubbornly below pre-pandemic levels in downtown regions.
      …
      https://sfstandard.com/business/will-the-tech-downturn-be-the-death-of-sf-real-estate/

    4. 42°F
      Thursday, February 9th 2023

      The Mercury News
      BusinessTechnologyNews
      EBay will slash nearly 200 Bay Area jobs as tech layoffs worsen
      San Jose, San Francisco eBay workers face staffing reductions
      eBay headquarters entry area at 2025 Hamilton Avenue in San Jose.
      (Google Maps)
      By George Avalos | Bay Area News Group
      PUBLISHED: February 7, 2023 at 4:45 p.m. | UPDATED: February 8, 2023 at 2:57 p.m.

      SAN JOSE — EBay has revealed plans to eliminate nearly 200 Bay Area jobs, grim cutbacks that add to a rising mountain of local layoffs orchestrated by tech and biotech companies, a filing Tuesday with state officials shows.

      The online auction and shopping e-commerce company said it would undertake layoffs that are slated to affect eBay workers in San Jose and San Francisco.

      The layoffs began Tuesday, eBay stated in an official WARN notice to the state Employment Development Department (EDD).

      EBay said it has decided to eliminate the jobs of 185 workers at the company’s headquarters complex in San Jose and an outpost site in San Francisco, an eBay executive stated in the WARN letter, which was dated Feb. 7.

      The tech titan didn’t reveal how many jobs would be lost in San Jose and how many in San Francisco.

      “All affected employees will receive in excess of 60 days advance notice, or pay in lieu of notice, as required by law,” eBay stated in the WARN letter sent to the EDD.

      The layoffs were due to take place at the eBay campus in South San Jose on Hamilton Avenue and at a company site in a San Francisco tower on Mission Street, the filing stated.

      Since mid-2022, tech and biotech companies have eliminated or made plans to cut well over 19,000 jobs in the Bay Area, this news organization’s assessment of WARN letters and other filings shows.

      “This action is expected to be permanent,” eBay wrote in the WARN notice to the EDD. “No affected employee has any bumping rights.”

      These Bay Area job cuts are part of the company’s decision to eliminate 500 jobs worldwide, or about 4% of the eBay workforce, the tech titan stated in a filing with the Securities and Exchange Commission.

      The disclosures show that 37% of the job cuts are occurring in the Bay Area.

      “Over the past few months, we’ve taken a thoughtful look at where we are as a company with considerations of the macroeconomic situation around the world and how to best invest and operate so that we can continue to be successful,” Jamie Iannone, eBay’s chief executive officer, stated in a letter to employees that the company filed with the SEC.

      San Jose-based eBay must “evolve” so it can “create long-term, sustainable growth,” Iannone stated in the open letter to employees.
      …
      https://www.mercurynews.com/2023/02/07/ebay-san-jose-bay-area-job-cut-tech-layoff-facebook-google-twitter/

    5. 46°

      Layoff tracker: Mass layoffs by tech companies big and small hit the Bay Area
      Zoom, Ebay, Paypal, Alphabet, Salesforce. Here’s an overview of Bay Area tech companies that recently executed a mass layoff.
      By Pamela Parker and Lindsey Feingold KGO logo
      Wednesday, February 8, 2023 10:27AM
      Meta layoffs 2022: Facebook parent company laying off 13% of employees

      Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, CEO Mark Zuckerberg said in a letter to employees Wednesday.

      SAN FRANCISCO (KGO) — From Salesforce to Twitter to Meta, and now Zoom, Ebay, Paypal and Splunk, thousands of U.S. workers have lost their jobs in brutal mass layoffs in 2022 and now in 2023.

      On February 7 2023, Zoom announced it was laying off 1,300 or 15% of its staff.

      On the same day, Ebay announced it was shaving off 4% of its workforce or 500 workers, to create “additional space to invest and create new roles in high-potential areas,” according to Ebay CEO Jamie Iannone in an SEC filing.

      On January 31st 2023, Paypal announced a round of layoffs, cutting 2,000 from its global workforce.

      Google (parent company Alphabet), together with a long list of tech companies executing mass redundancies, announced on January 20th that it will lay off 12,000 or 6% of its global workforce.

      Salesforce first announced layoffs of 1,090 workers in November and kicked off 2023 with another layoffs announcement in January of approximately 7,900 staff or 10% of its global workforce.

      San Francisco-based DoorDash announced on Nov. 30 that it is shaving 1,250 jobs or 6% of its workforce in an effort to rein in operating cost in a challenging post-pandemic, macro environment.

      Including the most recent announcement by Salesforce, a growing list of companies have made second and third rounds of cuts. These include Stripe, which cut around 1,000 in November after laying off around 50 people (from TaxJar, a Stripe acquisition) earlier this year, and Lyft, which slashed 683 from its team after laying off 60 people in July. In May, Netflix cut 150 staff members from its workforce and laid off 450 more in June.
      …
      https://abc7news.com/tech-layoff-tracker-bay-area-layoffs-zoom-ebay/12434385/

      1. With all those tech sector layoffs and households fleeing the Bay Area in droves, I wonder what Compass thinks will drive that predicted 2023 rebound in buyer demand?

        Or did their bullshit factory break?

  15. Why do layoff annoincements cheer Wall Street traders? Don’t they realize that stocks CR8Red by 50% or so following the last significant round of US layoffs, in the 2007-2009 period?

    1. Yahoo
      Reuters
      US STOCKS-Wall St set to get a lift from robust earnings, rise in jobless claims
      Sruthi Shankar and Johann M Cherian
      Thu, February 9, 2023 at 6:12 AM PST·3 min read
      In this article:

      * Disney climbs on Q1 beat, layoff plans

      * PepsiCo gains on quarterly profit, sales beat

      * U.S. weekly jobless claims increase

      * Futures up: Dow 0.63%, S&P 0.80%, Nasdaq 1.28%
      By Sruthi Shankar and Johann M Cherian

      Feb 9 (Reuters) – U.S. main stock indexes were set for a higher open on Thursday as a slew of strong quarterly earnings and data showing a rise in weekly jobless claims outweighed concerns about the Federal Reserve’s rate-hike path.
      …
      https://finance.yahoo.com/news/us-stocks-wall-st-set-141244724.html

    2. No cheer on Wall Street today…

      Markets
      Updated Thu, Feb 9 2023 4:22 PM EST
      Dow closes nearly 250 points lower, Nasdaq sheds 1% as Alphabet shares slide
      Alex Harring
      Tanaya Macheel
      Soft landing path is narrowing, says John Hancock’s Emily Roland

      Stocks closed lower Thursday, giving up early advances as concerns over the Federal Reserve’s future moves on monetary policy offset excitement around the latest batch of corporate earnings.
      …

      https://www.cnbc.com/2023/02/08/stock-market-futures-open-to-close-news.html

  20. You’ll never guess how many have been killed or seriously injured in just the first year. Yet, the FDA and CDC keep pushing the shots, despite their own trial data showing they have no benefit in terms of reducing your risk of hospitalization or death.

    According to a December 2021 survey of 2,840 Americans, between 217,330 and 332,608 people died from the COVID jabs in 2021.
    Survey results also show that people who got the jab were more likely to know someone who experienced a health problem from COVID-19 infection, whereas those who knew someone who experienced a health problem after getting the jab were less likely to be jabbed.
    Of the respondents, 34 percent knew one or more people who had experienced a significant health problem due to the COVID-19 illness, and 22 percent knew one or more people who had been injured by the shot.
    Fifty-one percent of the survey respondents had been jabbed. Of those, 13 percent reported experiencing a “serious” health problem post-jab. Compare that to Pfizer’s six-month safety analysis, which claimed only 1.2 percent of trial participants experienced a serious adverse event.
    In December 2022, Rasmussen Reports polled 1,000 Americans. In this poll, 34 percent reported experiencing minor side effects from the jab and seven percent reported major side effects.

    While it’s clear that the experimental COVID shots have killed a considerable number of people, the total death toll remains elusive, thanks to U.S. health agencies obfuscating, hiding, and manipulating data.

    That said, the most recent survey1,2—published in the peer-reviewed journal BMC Infectious Diseases—puts the death toll from the COVID jabs somewhere between 217,330 and 332,608 in 2021 alone. As noted by Steve Kirsch:3

    “[We’ve] killed at least 217,000 Americans and seriously injured 33 million … in just the first year, and the CDC [Centers for Disease Control and Prevention] and FDA [U.S. Food and Drug Administration] want to give you more shots … Since deaths from the vaccine were higher in 2022, most experts would estimate the all-cause mortality death toll from the COVID vaccines to be in the range of 500K to 600K.

    “So the global cost of life from these vaccines is on the order of 10 to 12 million people … These [data] are consistent with the numbers I’ve been saying for a long time. It’s not a coincidence.”

    Now, the slant of this paper is kind of interesting. The primary aim of it was to “identify the factors associated by American citizens with the decision to be vaccinated against COVID-19.”

    The author was curious about why 31 percent of the U.S. population had declined the jab or not completed the primary series by November 2022, nearly two years into a massively advertised “vaccination” campaign.

    Calculating the proportion of fatal events from the jab was secondary. As explained by the author, Mark Skidmore,4 Ph.D., an economics professor at Michigan State University:5

    “A largely unexplored factor is the degree to which serious health problems arising from the COVID-19 illness or the COVID-19 vaccines among family and friends influences the decision to be vaccinated.

    “Serious illness due to COVID-19 would make vaccination more likely; the perceived benefits of avoiding COVID-19 through inoculation would be higher.

    “On the other hand, observing major health issues following COVID-19 inoculation within one’s social network would heighten the perceived risks of vaccination. Previous studies have not evaluated the degree to which experiences with the disease and vaccine injury influence vaccine status.

    “The main aim of this online survey of COVID-19 health experiences is to investigate the degree to which the COVID-19 disease and COVID-19 vaccine adverse events among friends and family, whether perceived or real, influenced inoculation decisions. The second aim of this work is to estimate the total number of COVID-19 vaccine-induced fatalities nationwide from the survey.”

    Here’s an excerpt describing the methodology:6

    “An online survey of COVID-19 health experiences was conducted. Information was collected regarding reasons for and against COVID-19 inoculations, experiences with COVID-19 illness, and COVID-19 inoculations by survey respondents and their social circles. Logit regression analyses were carried out to identify factors influencing the likelihood of being vaccinated.”

    A total of 2,840 people completed the survey between Dec. 18 and Dec. 23, 2021. The mean age was 47, and the gender ratio was 51 percent women, 49 percent men. Just over half, 51 percent, had received one or more COVID jabs.

    As Skidmore suspected, results showed that people who got the jab were more likely to know someone who experienced a health problem from COVID-19 infection, whereas those who knew someone who experienced a health problem after getting the jab were less likely to be jabbed.

    Of the respondents, 34 percent knew one or more people who had experienced a significant health problem due to the COVID-19 illness, and 22 percent knew one or more people who had been injured by the shot. So, as noted by to the author:7

    “Knowing someone who reported serious health issues either from COVID-19 or from COVID-19 vaccination are important factors for the decision to get vaccinated.”

    As for the types of side effects experienced by people within the respondents’ social circles, they included (but were not limited to) the “usual suspects,” such as:

    Heart and cardiovascular problems.
    Severe COVID infection or other respiratory illness.
    Feeling generally unwell, weak, fatigued, and out of breath for weeks.
    Blood clots and stroke.
    Death.

    Hundreds of Thousands Killed for No Reason

    Based on these survey data, Skidmore estimates:

    “… the total number of fatalities due to COVID-19 inoculation may be as high as 278,000 (95 percent CI 217,330-332,608) when fatalities that may have occurred regardless of inoculation are removed.”

    Were COVID-19 an infection with an extremely high mortality rate, perhaps high rates of death from a vaccine would be acceptable. But COVID-19 has an exceptionally low mortality rate, on par with or lower than influenza, hence the risk associated with the COVID jabs ought to be equally low.
    The global cost of life from these vaccines is on the order of 10 to 12 million people. — Steve Kirsch

    As it stands, the risks of the shots are very high, while Pfizer’s own trial data, with more than 40,000 participants, show they offer no benefit in terms of your risk of hospitalization and/or death. The absolute risk reduction is so minute as to be inconsequential.8

    The death toll from the jabs isn’t the only disturbing part of this paper, though. Skidmore’s findings also suggest side effects from the jab may be more common than previously suspected.

    As mentioned, 51 percent of the respondents had been jabbed. Of those, 15 percent reported experiencing a new health problem post-jab and 13 percent deemed it “serious.” Compare that to Pfizer’s six-month safety analysis,9 which claimed only 1.2 percent of trial participants reported a serious adverse event.

    Now, as suggested by Kirsch,10 “we need to discount that by a factor of two because people report less severe adverse events as adverse events.” Still, that means serious adverse events from the jab are five times higher than what Pfizer reported.

    “This is why the FDA never does after-market surveys on the drugs it approves. Because reality hurts,” Kirsch writes.11 “It is the FDA that should have discovered this before Mark Skidmore. The FDA is asleep at the wheel and they just believe everything the drug companies tell them, hook, line, and sinker. This is a major miss. Why aren’t they doing surveys like this to see if the reality matches the study?”

    For additional comparison, here are the findings of several other investigations:

    Rasmussen Reports12: In December 2022, Rasmussen Reports polled 1,000 Americans. In this poll—taken one year after Skidmore’s survey—34 percent reported experiencing minor side effects from the jab and seven percent reported major side effects.
    CDC’s V-Safe data13: In October 2022, ICAN [Informed Consent Action Network] obtained the Centers for Disease Control and Prevention’s V-Safe data. This is a voluntary program to monitor adverse vaccine reactions. Of the 10.1 million COVID jab recipients who used the app, 7.7 percent had to seek medical care post-jab.
    Kirsch-funded survey14: A June 2022 U.S. survey by the market research company Pollfish found that 16.3 percent of COVID jabbed respondents experienced an injury, and 9.7 percent required medical care.

    The graphic below, which visually compares Skidmore’s findings to the findings of the Rasmussen, V-Safe, and Pollfish surveys, was created by InfoGame on Substack.15 As noted by InfoGame:

    “Skidmore’s article serves as another sign that the rate of COVID-19 side effects is extremely high and that the COVID-19 vaccines are an unprecedently risky medical product.”

    While we’re on the topic of reported side effects, several surveys have also focused on the frequency of abnormal menses in women who got the jab, which could be indicative of reproductive harm. For example:

    A British survey published in early December 2021 found 20 percent of women experienced menstrual disturbances following their jab.16
    A study published in Science Advances in mid-July 2022 found 66 percent of “fully vaccinated” postmenopausal women experienced abnormal breakthrough bleeding. In total, 42.1 percent reported heavier menstrual flow post-jab (this included women of all ages, as well as transgenders on hormone treatments).17

    An Italian peer-reviewed study published in March 2022 found that “50-60 percent of reproductive-age women who received the first dose of the COVID-19 vaccine reported menstrual cycle irregularities, regardless of the type of administered vaccine.” After the second dose, abnormal menses were reported by 60 percent to 70 percent.18

    Not surprisingly, people in high places are already trying to force a retraction of the paper. A special notice from the editor, dated just two days post-publication, states:

    “Readers are alerted that the conclusions of this paper are subject to criticisms that are being considered by editors. Specifically, that the claims are unsubstantiated and that there are questions about the quality of the peer review.”

    As noted by Kirsch:19

    “They are actively trying to get the paper retracted because it destroys the narrative. I’m certain they will succeed because journals are under intense pressure to censor any anti-narrative paper. The problem is that Mark’s survey was entirely consistent with my surveys.

    “If they want to have the paper retracted they need to show us THEIR surveys. But of course, they don’t have any surveys because they are too afraid of the results.

    “So they will use hand-waving arguments like “I don’t like the methodology” or some nonsense like that instead of gathering their own data. They will NEVER show us survey data that supports their narrative because it isn’t there.

    “That’s why there are no success anecdotes. NOBODY can give me the name of a U.S. geriatric practice where all-cause deaths plummeted after the vaccines rolled out. In every case, they went the wrong way. The narrative is unraveling at an accelerated pace but the medical community is still fighting the truth.”

    Originally published Feb. 07, 2023, on Mercola.com

    https://www.theepochtimes.com/more-than-217000-americans-killed-by-the-covid-jab-survey-estimate_5040245.html

    1. And to think that in the past a vaccine that caused just a few dozen deaths would be abruptly pulled.

    2. This article has been flagged by our Trust And Safety™ team.

      Yoel Roth could not be reached for comment…

  22. 𝗖𝗼𝗿𝘃𝗮𝗹𝗹𝗶𝘀, 𝗢𝗥 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗶𝗰𝗲𝘀 𝗖𝗿𝗮𝘁𝗲𝗿 𝟭𝟲% 𝗬𝗢𝗬 𝗢𝗻 𝗣𝗹𝘂𝗻𝗴𝗶𝗻𝗴 𝗗𝗲𝗺𝗮𝗻𝗱 𝗔𝗻𝗱 𝗦𝗼𝗮𝗿𝗶𝗻𝗴 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗗𝗲𝗳𝗮𝘂𝗹𝘁𝘀

    https://www.movoto.com/or/97331/market-trends/

    𝘈𝘴 𝘰𝘯𝘦 𝘮𝘰𝘳𝘵𝘨𝘢𝘨𝘦 𝘣𝘳𝘰𝘬𝘦𝘳 𝘤𝘰𝘯𝘤𝘦𝘥𝘦𝘥, “𝘐𝘧 𝘺𝘰𝘶’𝘳𝘦 𝘢 𝘣𝘶𝘺𝘦𝘳, 𝘵𝘩𝘦 𝘣𝘳𝘰𝘬𝘦𝘳 𝘪𝘴 𝘭𝘺𝘪𝘯𝘨 𝘵𝘰 𝘺𝘰𝘶. 𝘐 𝘬𝘯𝘰𝘸 𝘢 𝘭𝘪𝘢𝘳 𝘸𝘩𝘦𝘯 𝘐 𝘩𝘦𝘢𝘳 𝘰𝘯𝘦. 𝘐’𝘷𝘦 𝘣𝘦𝘦𝘯 𝘭𝘺𝘪𝘯𝘨 𝘮𝘺 𝘦𝘯𝘵𝘪𝘳𝘦 𝘭𝘪𝘧𝘦.”

  23. $240,000 3 bd 2ba 1,408 sqft
    2013 Jimmy Stewart Dr, Kingman, AZ 86409

    https://www.zillow.com/homedetails/2013-Jimmy-Stewart-Dr-Kingman-AZ-86409/64954803_zpid/

    Date Event Price
    2/7/2023 Price change $240,000 (-2.8%) $170/sqft

    10/18/2022 Price change $247,000 (-7.1%) $175/sqft

    10/3/2022 Price change $266,000 (-5%) $189/sqft

    7/12/2022 Listed for sale $280,000 (+139.5%) $199/sqft

    3/3/2003 Sold $116,900 (+464.7%) $83/sqft

    10/30/2002 Sold $20,700 $15/sqft

    UHS.com says this is a foreclosure and you can see the trustee papers taped to the front windows in the photos above. I’d guess this was bought new for 116k in 2003. It’s not clear when it was foreclosed, but this was likely a cash out refi striking again. Sound lending!

    1. Good start but a long way to go. In this same hearing, another congressman promised arrest warrants for these pieces shit. I forgot his name.

      This coordinated effort by the FBI, CIA and countless other three letter government agencies and these shitbags running tech companies to silence duly elected congressmen, senators and a sitting US President, ultimately changing the outcome of a presidential election and suppressing medical information is high crime. Personally I will never forgive or forget. I want blood.

      2. “I forgot his name”

        No you didn’t, his name is Yoel Roth. And unlike the other former FBI goons working for Twitter, Yoel Roth is a civilian.

        4chan has the addresses of the “safe houses” he’s been staying in around the Bay Area.

        What happens with that information, nobody knows…

        1. Still waiting for something to happen, meanwhile:

          Two Republican city council members in New Jersey have been slain in the last week after one was shot to death in the community of Franklin on Wednesday.

          Russell Heller, a 51-year-old GOP borough councilman in Milford, was shot to death in the parking lot of a building owned by the public utility provider PSE&G where he worked, NJ.com reported.

      3. If nothing else, weren’t there some allegations that the execs lied to Congress? The Twitter files emails are evidence of execs doing one thing and telling Congress something else. That said, where is Fauci? He outright lied to the Senate and nothing is happening to him. So I don’t expect much from this except noise.

      4. “I forgot his name.”

        Rep. Clay Higgins, Republican from Louisiana, wants the Twitter execs arrested for suppressing the Hunter Biden laptop story and interfering in the 2020 election. IMO that’s probably too tough to prove. The Twitter files are hard evidence of colluding with the FBI or other agencies, but with a corrupt DOJ I don’t expect much to come from it. There might be a case for lying to Congress.

        related story: https://www.foxnews.com/media/elon-musk-touts-twitter-execs-getting-grilled-house-gop-woke-stasi-felt-heat-today

    2. Hey look everybody, it’s Yoel Roth.

      What did Yoel Roth write a PhD dissertation at the University of Pennsylvania about?

      About underage teen boys using the adults only gay sex app Grindr?

      That’s right Yoel Roth.

      And no, you can’t remain “in hiding” forever.

      Do you know what happens to chomos in prison, Yoel Roth?

      1. Various bots and web crawlers are archiving this page as I type, ensuring that search results for “Yoel Roth” will link back to here.

        The #Naming will continue, whether you like it or not, Yoel Roth.

        How many underage boys have you raped, Yoel Roth? Asking for a friend…

          1. Tel Aviv is allegedly the gayest city in the world.

            He can flee, but degenerates like Yoel Roth can’t stay in hiding for long. The compulsive need to have anonymous sex with hundreds and hundreds of randoms means that Yoel Roth can’t keep to himself.

            4chan will locate him, they always do.

          2. 4chan will locate him, they always do.

            And they will do nothing.

            Meanwhile, Republican politicians are being shot dead.

    1. Cryptocurrency
      Investing
      Banks
      Real Estate
      Finance ·Housing
      These 2 maps show the inventory situation in America’s 400 largest housing markets
      BY Lance Lambert
      February 9, 2023 at 10:09 AM PST

      If you want to understand where the housing market is headed, you should listen to both supply and demand.

      On the housing demand front, things remain sluggish with mortgage purchase applications still down 37% on a year-over-year basis. That’ll happen when the U.S. housing market absorbs a historic mortgage rate shock just after the Pandemic Housing Boom pushed national home prices up more than 40%.

      On the housing supply front, things remain fairly tight nationally. While spiked mortgage rates saw housing demand pull back sharply in 2022, it also saw sellers pull back. According to Realtor.com, new home listings in January were down 5.5% on a year-over-year basis. The idea of giving up a fixed 3% mortgage rate for a 6% rate has many move-up sellers/buyers staying on the sidelines.

      So do buyers or sellers have the upper hand?

      One of the better indicators might be housing inventory—and its speed of change. At first glance, it might be easy to assume that inventory (i.e., active listings for sale) is simply a measurement of supply, however, it’s also very much a measurement of demand. See, if buyers pull back, and homes sit on the market longer, that can increase inventory levels (currently up 65.5% on a year-over-year basis) even if new listings (currently down 5.5% on a year-over-year basis) decline.

      Let’s once again take a closer look at inventory data in the nation’s 400 largest markets.
      …
      https://fortune.com/2023/02/09/housing-markets-400-largest-inventory-2023-home-prices-real-estate-maps-charts/

  26. Vancouver Real Estate Developer Files For Insolvency | Vancouver Housing Market
    Vancouver Real Estate with Hasan Juma
    Feb 9, 2023

    A Vancouver real estate developer, Coromandel Properties, has filed for insolvency in the Supreme Court of BC. The developer cites long delays with the approval process at the City Of Vancouver, coupled with the increased interest rates and debt servicing costs, as the reasons behind the filing.

    Coromandel Properties began acquiring properties in the Vancouver area in 2013, focusing on the Cambie Corridor which was one of the hottest real estate markets for developers in the city at the time. The developer has 16 active projects and approximately $700,000,000 in debt spanned across these projects.

    In this video, I go over what we know so far, what is likely to occur next, and also what I think this means for the Vancouver real estate market.

    https://www.youtube.com/watch?v=Ejwg4SQ-2H8

    10 minutes.

  27. 𝗩𝗲𝗿𝗻𝗼𝗻, 𝗖𝗧 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗶𝗰𝗲𝘀 𝗖𝗿𝗮𝘁𝗲𝗿 𝟮𝟵% 𝗬𝗢𝗬 𝗔𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗔𝗻𝗱 𝗔𝗽𝗽𝗿𝗮𝗶𝘀𝗮𝗹 𝗙𝗿𝗮𝘂𝗱 𝗘𝘅𝗽𝗮𝗻𝗱𝘀 𝗔𝗰𝗿𝗼𝘀𝘀 𝗡𝗲𝘄 𝗘𝗻𝗴𝗹𝗮𝗻𝗱 𝗦𝘁𝗮𝘁𝗲𝘀

    https://www.movoto.com/vernon-ct/market-trends/

    𝘈𝘴 𝘢 𝘯𝘰𝘵𝘦𝘥 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘴𝘵 𝘢𝘥𝘷𝘪𝘴𝘦𝘥, “𝘕𝘰𝘵𝘩𝘪𝘯𝘨 𝘤𝘳𝘦𝘢𝘵𝘦𝘴 𝘮𝘰𝘳𝘦 𝘱𝘰𝘷𝘦𝘳𝘵𝘺 𝘢𝘯𝘥 𝘱𝘦𝘳𝘴𝘰𝘯𝘢𝘭 𝘣𝘢𝘯𝘬𝘳𝘶𝘱𝘵𝘤𝘺 𝘵𝘩𝘢𝘯 𝘵𝘩𝘦 15 𝘢𝘯𝘥 30 𝘺𝘦𝘢𝘳 𝘮𝘰𝘳𝘵𝘨𝘢𝘨𝘦. 𝘕𝘰𝘵𝘩𝘪𝘯𝘨.”

    1. The Most Undervalued Housing Markets in the U.S.
      Monthly costs start as low as 17% of local per-capita incomes.
      By Patrick S. Duffy
      Edited by Dawn Bradbury
      Feb. 6, 2023
      …
      While it makes sense to see former Rust Belt cities such as Detroit, Cleveland and St. Louis topping the list of the most undervalued markets in which to buy a home, in more recent years many of them have started to revitalize their economies with new ideas, companies and investments. For the Detroit MSA, the median payment-to-income ratio of 17.4% is less than half that of the 36.6% ratio for the overall U.S., which is continuing to boost interest from homeowners and investors currently living in other states and even other countries.
      …
      https://realestate.usnews.com/real-estate/housing-market-index/articles/the-most-undervalued-housing-markets-in-the-us

      1. Shocking revelation:

        Housing is much cheaper in has-been Rust Belt cities with high murder rates and freezing winters than in warmer, wealthier, less crime-ridden places where everyone wants to live.

    1. The Financial Times
      Chinese business & finance
      Chinese property brokers despair as homebuyers sit on sidelines
      Tepid recovery underscores challenges in Beijing’s effort to revitalise critical economic sector
      A residential development in Wuhu. China’s 30 major cities reported a 31% decline in sales of newly built homes in 2022. whatsapp (opens in a new w
      Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.
      https://www.ft.com/content/ad670b61-dc62-4c18-b6cd-6f6cb82621ca

      myFT
      Chinese business & finance
      Chinese property brokers despair as homebuyers sit on sidelines
      Tepid recovery underscores challenges in Beijing’s effort to revitalise critical economic sector
      A residential development in Wuhu. China’s 30 major cities reported a 31% decline in sales of newly built homes in 2022. © Imaginechina/AP

      Chinese property brokers despair as homebuyers sit on sidelines on twitter (opens in a new window)
      Chinese property brokers despair as homebuyers sit on sidelines on facebook (opens in a new window)
      Chinese property brokers despair as homebuyers sit on sidelines on linkedin (opens in a new window)
      Chinese property brokers despair as homebuyers sit on sidelines on whatsapp (opens in a new window)

      Sun Yu in Wuhu 5 hours ago
      8
      Print this page

      Since the end of China’s zero-Covid policy late last year, property broker Wu Hong is so busy chasing new leads that she no longer has time to sit around playing cards with her colleagues. “Now I spend so much time talking to clients that I often feel pain in my throat,” said Wu.

      But her hard work is not translating into sales. Sales of newly built homes in Wuhu, a city in eastern China about 300km from Shanghai, were up 10 per cent last month from 448 properties in December. But they remain down almost two-thirds from the 1,341 properties sold in January 2022.

      The tepid real estate recovery in Wuhu underscores the challenges for Chinese policymakers to stimulate the country’s property market, a critical growth engine that has floundered over the past two years under a government crackdown and Covid-19 controls.
      Sun Yu in Wuhu 5 hours ago

      Since the end of China’s zero-Covid policy late last year, property broker Wu Hong is so busy chasing new leads that she no longer has time to sit around playing cards with her colleagues. “Now I spend so much time talking to clients that I often feel pain in my throat,” said Wu.

      But her hard work is not translating into sales. Sales of newly built homes in Wuhu, a city in eastern China about 300km from Shanghai, were up 10 per cent last month from 448 properties in December. But they remain down almost two-thirds from the 1,341 properties sold in January 2022.

      The tepid real estate recovery in Wuhu underscores the challenges for Chinese policymakers to stimulate the country’s property market, a critical growth engine that has floundered over the past two years under a government crackdown and Covid-19 controls.
      …

    1. The Financial Times
      Corporate bonds
      US junk bonds rally on economic ‘soft landing’ bets
      Spreads between yields on high risk companies’ debt and Treasuries are at their lowest for 10 months
      The Marriner S. Eccles Federal Reserve building in Washington
      The shrinking ‘spread’ reflects continued bets that the Fed will relax its tightening of monetary policy sooner than indicated
      Harriet Clarfelt in New York
      February 7 2023
      …
      “I think the market’s priced for a soft landing,” said John McClain, portfolio manager at Brandywine Global Investment Management. “It’s been a combination of January euphoria, which has led to higher equity prices, and higher equity prices have pulled along high-yield credit spreads.”
      …

Comments are closed.