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They Can’t Afford To Pay It All Back Because They Borrowed Too Much

A report from Business Insider. “Home rehabbers are quickly finding that the once-reliable method known as ‘BRRRR’ — short for buy, rehab, rent, refinance, and repeat — has become much riskier as home prices in hot pandemic markets fizzle out and 30-year mortgage rates reach the 7% threshold. But a perfect storm of softening home prices, increasing taxes, higher mortgage rates, and steep building-material costs has made the BRRRR model less attractive to investors. And Austin is particularly vulnerable, as home prices have fallen drastically since last summer, when they peaked.”

“John Crenshaw, a 27-year-old Austin investor who owns several rentals acquired via the BRRRR method, said that using it has become more challenging for him and his fellow investors since mortgage rates increased. Not only are homes selling and appraising for less than they were six months ago, which dampens the size of cash-out refinances, but lenders have become more risk-averse. ‘Instead of doing an 80% cash-out, a lot of people are only doing 75% or 70% cash-out, so you’ll only get 70% of your loan value back and the remaining 30% has to remain in the property,’ Crenshaw told Insider.”

The San Francisco Chronicle. “One of Lake Tahoe’s massive compounds on the east side just got a giant price cut. The Wovoka estate, originally listed for $55 million, now has an offering price of $35 million. Though the property is $20 million less than when it was listed last year, it no longer includes two parcels. ‘You can’t find acreage like this anymore on the Nevada side,’ listing agent Lexi Cerretti of Compass said.”

Bisnow Los Angeles in California. “Just under a year after buying a more than 1,000-unit apartment portfolio in Downtown Los Angeles, Laguna Point Properties is delinquent on the $329M loan it used to buy the apartments. The firm is more than 30 days delinquent on its loan, according to The Real Deal, citing data from DBRS Morningstar. A representative for Orange County-based Laguna Point Properties told Bisnow the loan isn’t in default but didn’t comment further. Occupancy across the portfolio had slumped to 87% in February, a significant drop from the 97% occupancy the properties had when the loan was secured, according to TRD.”

Bisnow New York. “The pain in Manhattan’s office market is reverberating out to Long Island City. Vacancy in Class-A buildings in the area was 43.1% at the end of 2022, according to Cushman & Wakefield, while overall vacancy hit a new record of 28.6%. Rents fell 7% from the year before, while office take-up was negative 1M SF, a two-year low, according to the brokerage. ‘You drive on Long Island Expressway leaving the Midtown Tunnel and head towards Long Island, you can see four or five buildings that have been redeveloped … Austell Place, you can look right through it,’ First Pioneer Properties President Suresh Sani said. ‘Unfortunately our building, having just one of six floors rented, you can look right through it too.'”

“‘My father always said … ‘Don’t worry, Suresh, the economy always gets better in America. If you lower your price in New York City, somebody will always take it,’ he said. ‘That’s not happening anymore … there has been a structural change in the office market.'”

Mile High CRE in Colorado. “Real estate veteran and turnaround specialist James King, founder of Denver-based King Communities, has introduced a real estate investment fund, providing people with the opportunity to invest in distressed real estate assets. The Contrarian RE Fund 1, LLC, researches, identifies and acquires multifamily and manufactured home communities that are being sold at steep discounts. ‘These opportunities are beginning to present themselves as more distressed assets are coming online and property owners are struggling with increased debt,’ said King, who along with his team of professionals has successfully owned and operated more than 2,000 units across the United States.”

The London Free Press in Canada. “London-area home sales fell off a cliff last month, with area realtors recording the fewest sales in nearly 30 years. According to LSTAR, the average price of a home was $621,000 in February, up $36,000 from January’s $585,000. But it was still 24 per cent lower than February 2022, when prices hit a record high of about $825,000. ‘Those Toronto buyers, if they’re not here, that makes a big difference,’ said Phil Bailey, a real estate agent with HouseSigma Brokerage. ‘There were homes that I sold where nine out of 10 offers were coming from the (Greater Toronto Area). Now you may only have one offer from the GTA.'”

AM 800 in Canada. “Another drop in property sales across Windsor-Essex for a year straight. The Windsor-Essex County Association of Realtors reports that sales in February were down 52.61 per cent across the Windsor-Essex region compared to last February. The average sale price was down 25.64 per cent to $532,777 compared to the same time last year. In February 2022, the average home price was $716,455.”

Moose Jaw Today in Canada. “It was mostly red down arrows for Moose Jaw’s housing market in February, as sales, listings, inventory and average house prices all dropped by double-digit percentages year-over-year, according to the Saskatchewan Realtors Association. The average home price was $223,026, compared to $272,091 last February or a 22-per-cent drop.”

Maple Ridge News in Canada. “The statistics from the Real Estate Board of Greater Vancouver show some sharp declines in the Maple Ridge and Pitt Meadows market. Over the past three months houses and townhouse sales are down 41 per cent compared with the same period last year, and apartments sales have dropped 57 per cent. The price of a single family detached home in Maple Ridge is down more than 20 per cent in Maple Ridge compared with a year ago, dropping to $1.17 million, and the price in Pitt Meadows is down 26 per cent to $1.12 million.”

The Telegraph. “Surrey Heath has been named the house price discount capital of Britain, with three out of five sales done at a cut the price to their initial listing. Julian de la Poer Beresford, of Hamptons estate agents in Sunningdale, said discounts in Surrey Heath average between 5pc and 8pc. Sellers in London and the South East are having to make the biggest adjustments. Across the South East, more than 5,000 properties were sold at a discount in February, accounting for 37pc of all sales in the region.”

“Richard Winter, a Surrey buying agent, said: ‘We have just bought a property that was listed last year for £1.75m. Back then, before Liz Truss, it had five or six people offering on it and the sale was agreed for just shy of £2m. That fell through at Christmas. We’ve just bought it for £1.6m.'”

Stuff New Zealand. “House price expectations are closing in on lows last seen during the Global Financial Crisis and could slump even further, ASB says. ‘House price falls have already been higher on a percentage basis than what we saw during the GFC, so we might see net price expectations drop down to a GFC low, if not surpass that, in the coming quarters,’ said ASB senior economist Kim Mundy. ‘We saw prices drop in the main centres such as Auckland and Wellington first because affordability was most constrained. However, we are now seeing widespread house price falls across the regions as interest rates continue to climb.'”

“Sales prices fell in most regions, with Northland, Auckland, Bay of Plenty, Hawkes’ Bay, and Wellington all recording annual drops of over 16%. The Auckland region’s median price had the biggest fall, down 21.7% to $940,000 from $1.20m last January. In the index, the region was down by 17.1% annually, and by 21.4% from its peak.”

Channel News Asia. “Rising interest rates in Australia have sent property prices tumbling in many cities. In Sydney, for instance, higher interest rates have sent prices falling by between 10 and 15 per cent since property values peaked more than a year ago.The central bank is taking much of the blame for initially suggesting that interest rates in Australia would not go up until 2024. This has led people to borrow more than they could afford. To make matters worse, rate rises are affecting the broader economy, said analysts, noting that there is no sign of a soft landing.”

“It is not clear when the interest rates and the rising cost of living will start to fall, but with the economy on a knife edge and many Australians already forced to cut back on their spending, the fear now is of a looming recession, they added. One resident said: ‘A lot of people have paid a lot of money for their houses and now interest rates are going up, they can’t afford to pay it all back because they borrowed too much.'”

The Vietnam Express. “I had a conversation one day late last year with Hoang, a motorbike taxi driver in Hanoi. He had left his hometown for Hanoi not just to earn money but also to hide from creditors. After marriage he had started trading land for a living, but the business put him in debt within just a few years after he bought too many pieces of land and the market suddenly fell. These days, when he misses his wife and children, he goes home for a short time and quickly returns to Hanoi for everyone’s safety.”

“He also told me about people who quickly became rich from the business. He blamed his own failure on ‘bad luck,’ and promised ‘once I have enough money, I’ll trade land again.’ I really hope Hoang gets ‘lucky’ next time though I am worried for him because, listening to his story, it is not difficult to see he has little knowledge of the real estate market. The success rate among amateurs like Hoang, in reality, is extremely low. Statistics show that only 25% of companies set up for trading property survive for more than a decade. As for amateur traders, less than 10% manage to get rich.”

This Post Has 57 Comments
  1. ‘Just under a year after buying a more than 1,000-unit apartment portfolio in Downtown Los Angeles, Laguna Point Properties is delinquent on the $329M loan it used to buy the apartments’

    California RE always goes down.

    ‘‘You drive on Long Island Expressway leaving the Midtown Tunnel and head towards Long Island, you can see four or five buildings that have been redeveloped … Austell Place, you can look right through it…Unfortunately our building, having just one of six floors rented, you can look right through it too’

    They used to talk about see through buildings in Texas in the 1980’s Suresh.

    ‘My father always said … ‘Don’t worry, Suresh, the economy always gets better in America. If you lower your price in New York City, somebody will always take it,’ he said. ‘That’s not happening anymore’

    You guys still want yer mouth hankeys and yer guvnah shooting the whole state in the fook? I said when this started these cities were gonna be black holes, and look at yerself now. Maybe airbnb can make up fer the lost taxes?

    1. “California RE always goes down.”

      I’m not sure that saying has caught on, just yet. Give it a few years…

    2. Understand that some firms are out of business, that some employees are working from home and there was some overbuilding. …. BUT Class-A offices at 43% vacancy. That is absolutely nuts and bananas.

      is reverberating out to Long Island City. Vacancy in Class-A buildings in the area was 43.1% at the end of 2022, according to Cushman & Wakefield, while overall vacancy hit a new record of 28.6%. Rents fell 7% from the year before, while office take-up was negative 1M SF, a two-year low, according to the brokerage.

    3. I have memories of see-through buildings from the dot-com bubble too, built with VC money which eventually went bust.

      1. Same story in the lato 1980s real estate boom…lots of shiny glass commercial office buildings financed with dumb borrowed money, soon to fuel the commercial real estate bust of the early 1990s. Seems to play out that way roughly once a decade.

    4. “The pain in Manhattan’s office market is reverberating out to Long Island City. Vacancy in Class-A buildings in the area was 43.1% at the end of 2022, according to Cushman & Wakefield, while overall vacancy hit a new record of 28.6%.”

      Interesting, all of the “experts” were predicting that Class-A buildings would be fine, and the rest of CRE would crash. Vacancies are higher in Class-A buildings now than the rest. Oops.

  2. ‘We have just bought a property that was listed last year for £1.75m. Back then, before Liz Truss, it had five or six people offering on it and the sale was agreed for just shy of £2m. That fell through at Christmas. We’ve just bought it for £1.6m’

    That’s the spirit Dick!

  3. “But a perfect storm of softening home prices, increasing taxes, higher mortgage rates, and steep building-material costs has made the BRRRR model less attractive to investors. And Austin is particularly vulnerable, as home prices have fallen drastically since last summer, when they peaked.”

    BRRRR seems like it wouldn’t work very well in a frozen, falling price market, even if it is a fitting moniker.

    1. Important question for the BRRRR experts. Did they buy/renovate/remortgage in an LLC or under their real name?

      Negative leverage is harsh.

  4. Vacancy in Class-A buildings in the area was 43.1% at the end of 2022, according to Cushman & Wakefield, while overall vacancy hit a new record of 28.6%.

    Is that a lot?

    1. If one drives around north San Jose in the tech companies just off the 237 you’ll see plenty of empty parking lots and dark buildings. Head downtown, and there’s store fronts boarded up tight with plywood as if a hurricane was expected. Slightly east of downtown there’s a new condo tower right across the street from the city offices, which has very few lights on after dark, so few units have been sold and occupied; bad timing here. The new Google complex expansion plans just west of downtown have been slowed significantly. The homeless population downtown seems to be increasing too, packed into building alcoves after hours to hide from the rain, which has been relentless this year.

  5. “Home rehabbers are quickly finding that the once-reliable method known as ‘BRRRR’ — short for buy, rehab, rent, refinance, and repeat — has become much riskier as home prices in hot pandemic markets fizzle out and 30-year mortgage rates reach the 7% threshold.

    Die, flipper scum.

    1. BRRRR made sense when I was house hunting in early 2012. At the time there were quite a few illegal immigrant flophouses and grandma-finally-died houses in readily repairable condition. That inventory has all been snapped up and renovated in Minimalist Millenial Gray style. Now there’s a just a trickle of normal turnover, but for that stuff, the pricing is too high, and the repairs too extensive, to be worthwhile. And that’s in an area where a burb-y Cold War ranch runs $400K. I can’t imagine what it must be like in flyover country where renovations can cost more than the house is worth.

  6. “Just under a year after buying a more than 1,000-unit apartment portfolio in Downtown Los Angeles, Laguna Point Properties is delinquent on the $329M loan it used to buy the apartments.

    While the commies in the CA Statehouse will likely see a precipitous drop in revenue from property taxes and fees, this will likely be offset by the economic revitalization that will occur as the benefits of Build Back Better and collectivist central planning policies are more fully realized and productive enterprises flock to the state.

    I slay me….

  7. “‘My father always said … ‘Don’t worry, Suresh, the economy always gets better in America.

    Yo’ pappy failed to factor in the pernicious effects of Democrat-Bolshevik malgoverance, as did you. Sheesh, Suresh!

  8. A reader sent these in:

    Over half of US mortgages originated in 2020 or later. The Fed – which held $0 of MBS in 2008 – held almost $1.4 Trillion in March 2020, then DOUBLED their MBS holdings by April 2022. This was a criminal distortion of the housing market. The @federalreserve STILL holds $2.6T.

    https://twitter.com/RudyHavenstein/status/1632479764983459846

    OUCH! The value of global bonds has plunged by another $550bn this week. This brings the total bond losses over the past 5 weeks to $2.4tn. All gains since the beginning of the year have been wiped out now.

    https://twitter.com/Schuldensuehner/status/1632085498675048451

    Crypto investors showing up to ETHDenver

    https://twitter.com/ParikPatelCFA/status/1632424014445699073

    The new bull market in bankruptcies

    https://twitter.com/Ross__Hendricks/status/1632156683161022464

    The FED is about to lose the control of inflation again 👀 ”nobody saw it coming” lol ..it’s organic growth, China is pushing.

    https://twitter.com/AlessioUrban/status/1631969839563546624

    Danielle DiMartino Booth

    Say September is the restart date. You’ve been able to forbear payments by then for nearly 3 1/2 years. These are not trifling debts to which you’re contractually obligated to service. Legal experts suggest the only Constitutional relief would be easing expungement in bankruptcy.

    https://twitter.com/DiMartinoBooth/status/1632456833288871938

    John Wake

    The median sold price of single-family houses in Phoenix is down $75,000 since the peak last May.

    https://twitter.com/JohnWake/status/1632610467670806528

    “We find that when the stance of monetary policy is accommodative over an extended period, the likelihood of financial turmoil down the road increases considerably:” San Francisco Fed paper

    https://twitter.com/lisaabramowicz1/status/1632544466601930753

    If you bought a house in Phoenix anytime in the last 14 months, you’re likely upside-down

    https://twitter.com/GRomePow/status/1632627114594930688

    Looks like we need 700,000 fewer real estate agents at current existing home sales.

    https://twitter.com/GRomePow/status/1632453441036615680

    Roughly 40% of Loan Officers did not renew their licenses this year. Realtors typically lag but we will see a significant decrease moving forward.

    https://twitter.com/MarkAalto/status/1632466110447763456

    New Zealand is not letting landlords deduct mortgage expense anymore. Result: landlords are selling their properties to owner occupiers. US should do the same but have a waiver if it’s a construction mortgage or mortgage on new construction (waive it for 5-10 years from complete

    https://twitter.com/NipseyHoussle/status/1632422703742287873

    👀 flatiron building heading to auction

    https://twitter.com/Will_DeCotiis/status/1632477163206107140

    Maybe should have gone with their gut and locked in at lower rates when the person had the chance on an $800K mortgage #ToRE 👇

    https://twitter.com/ShaziGoalie/status/1632498777054388224

    National Mortgage News

    “We are shutting down this outfit for good,” said CFPB’s Director Rohit Chopra.

    https://twitter.com/NatMortgageNews/status/1632486491615051781

    Here’s a provocative chart from Charles Hugh Smith @chsm1th
    visualizing where the S&P should likely drop to if historical “bubble symmetry” is to apply again this time

    https://twitter.com/menlobear/status/1632491912065318913

    Lance Lambert

    It’s possible for inventory (i.e. active listings) to rise even as new listings fall. How is that possible? If demand pulls back fast enough, and homes sit longer, inventory can build even as new listings drop. That’s how inventory rose in 2022.

    https://twitter.com/NewsLambert/status/1632403601397100546

    National Mortgage News

    The DOJ alleges the defendant fabricated monthly child support payments on mortgage applications to boost a borrower’s likelihood of qualifying for a #mortgage loan. #mortgagefraud

    https://twitter.com/NatMortgageNews/status/1632468705253769217

    This data is posted on the national association of Realtors (NAR) site. “There are 1,548,0581 Realtors in the United States as of January, 2023.” Florida has more Realtors than any other US State, with 218,906 Realtors. 14% of real estate agents hold a Florida license.

    https://twitter.com/AnonymousHubris/status/1632455833010200579

    1. “Over half of US mortgages originated in 2020 or later.”

      Including mine. Interest rates dipped so far in 2021 that it would have been foolish not to refinance.

    2. “Over half of US mortgages originated in 2020 or later.”

      That’s a lot of future walkaways!

      1. That’s a lot of future walkaways!
        If they did cash outs possibly. If it was just rate and term , especially if they lowered the term and the rate, probably not so much

  9. The Contrarian RE Fund 1, LLC, researches, identifies and acquires multifamily and manufactured home communities that are being sold at steep discounts.

    Remember, kids: it’s the second mouse that gets the cheese.

  10. The Windsor-Essex County Association of Realtors reports that sales in February were down 52.61 per cent across the Windsor-Essex region compared to last February. The average sale price was down 25.64 per cent to $532,777 compared to the same time last year.

    Oh, the humanity!

  11. Clutch those pearls harder:

    “House Minority Leader Hakeem Jeffries (D-N.Y.) on Sunday said he has “no indication” police have gone through the Jan. 6, 2021, footage that House Speaker Kevin McCarthy (R-Calif.) shared with Fox News anchor Tucker Carlson.

    McCarthy has defended his decision to hand Carlson exclusive access to 41,000 hours of surveillance footage from the U.S. Capitol during the Jan. 6 attack, saying he has taken action to ensure lawmakers’ safety won’t be risked by the release of the material.
    But Jeffries said there are no signs the video has been screened by authorities.

    “It’s not clear to me yet that any material footage that any news personality at another network may have has been vetted, but it must be vetted before anything is released into the public domain,” Jeffries told CNN’s “State of the Union.”

    https://www.huffpost.com/entry/hakeem-jeffries-kevin-mccarthy-tucker-carlson-jan-6-footage_n_6405baace4b079d3eb5cd193

    The 2020 election was stolen.

    1. No parole granted for ‘I don’t like Mondays’ school shooter

      by: Sir Milo Loftin
      Posted: Aug 18, 2022 / 07:27 AM PDT

      SAN DIEGO — The woman who opened fire on a San Diego elementary school as a teen in 1979, killing two people and injuring nine others, will not be eligible for parole for at least three years, a board ruled Thursday.

      On January 29, 1979, Brenda Spencer shot a .22-caliber rifle from a window at her family’s house from across the street of Cleveland Elementary school in the San Carlos neighborhood.

      Site of deadly 1979 school shooting site to be sold

      https://fox5sandiego.com/news/local-news/parole-hearing-scheduled-for-i-dont-like-mondays-school-shooter/#:~:text=No%20parole%20granted%20for%20'I,t%20like%20Mondays'%20school%20shooter&text=SAN%20DIEGO%20%E2%80%94%20The%20woman%20who,years%2C%20a%20board%20ruled%20Thursday.

  12. “Sales prices fell in most regions, with Northland, Auckland, Bay of Plenty, Hawkes’ Bay, and Wellington all recording annual drops of over 16%. The Auckland region’s median price had the biggest fall, down 21.7% to $940,000 from $1.20m last January. In the index, the region was down by 17.1% annually, and by 21.4% from its peak.”

    I fear that such precipitous housing losses could cause Kiwi FBs to turn on their globalist overlords.

  13. Communist insurrection in Atlanta yesterday:

    “Protesters hurled bricks and Molotov cocktails at cops and set vehicles on fire Sunday at the site of a future police training facility in Atlanta, officials said critics have dubbed “Cop City.”

    The $90 million Atlanta Public Safety Training Center, dubbed “Cop City,” was taken under siege by a group of vandals “using the cover of a peaceful protest” in what Atlanta Police called “a coordinated attack.”

    https://nypost.com/2023/03/06/atlanta-protesters-toss-molotov-cocktails-at-police-at-cop-city-site/

    Additional coverage here:

    https://mobile.twitter.com/mrandyngo

  14. A report from Business Insider. “Home rehabbers are quickly finding that the once-reliable method known as ‘BRRRR’ — short for buy, rehab, rent, refinance, and repeat — has become much riskier as home prices in hot pandemic markets fizzle out and 30-year mortgage rates reach the 7% threshold.”

    – Home rehabbers = Reno Joe = Flippers.

    – BRRRR was only possible via the Fed’s “money printer goes ‘brrrrr’ policy tool of essentially free $. The Fed intentionally and explicitly created speculation in asset markets.

    – The artificial boom of The Everything Bubble – caused by the Fed – ended with 40 yr. high inflation – also caused by the Fed. Enjoyed the boom? Now “enjoy” the bust – yes, also caused by the Fed’s wacko stimulus since 2009. If you’re detecting a pattern here, you’re not alone. Yes, the Fed is, to a great degree, the problem. Easy $ causes asset bubbles, which always and somehow inconveniently burst. Bubble-nomics 101.

  15. Coming soon to Joe Biden’s America.

    “South Africa is on the verge of “collapse” amid rolling blackouts and warnings a total power grid failure could lead to mass rioting on the scale of a “civil war”.

    Western embassies including the United States and Australia have advised their citizens in the country to stock up on “several days worth” of food and water and be on high alert during extended blackouts sweeping the country.

    “Looting is no longer just a daily thing, but is also now becoming more structured with guerrilla planning involved. Our roads no longer exist. Anything that is state-run is crumbling. Police, fire and hospital resources for the state don’t exist and are also slowly disintegrating.”

    https://www.news.com.au/finance/economy/world-economy/stockpile-food-and-water-south-africa-faces-civil-war-conditions-if-power-grid-collapses/news-story/231d976d93e9a34ef8dfaf0ac3db6582

      1. Experienced and competent technical and power system maintenance personnel left this apartheid-free country over the last 30 years.

  16. Was perusing a correspondent’s reports and stumbled upon this young deceased soldier who was clearly too young to wear any country’s the uniform. Shameful and unnecessary:

    https://ibb.co/VqFcrZW (nsfw, corpse)

    1. Ideally he should have been rear echelon if conscripted, but he was clearly too young for deployment on the front lines.

      1. He looks 18 to me. That being said, it’s tremendously sad and disgusting. I’d like to strap Joe Biden to the front of a tank and have the enemy fill him full of thousands of rounds of lead. Joe Biden is a filthy, corrupt, disgusting human being.

  17. Mountain – Mississippi Queen
    https://youtu.be/qEnF6EB-yMs

    Housing Cratering
    You know what I mean
    Housing Cratering
    Demand and everything
    Way down around Clarksburg
    Around the east Virgina way
    Where lived the Ragin’ Lady
    Cuz her house is cratering
    You know she was a stamper
    She had meltdowns on line
    While the rest of them dudes were gettin’ their kicks
    Boy, I beg your pardon, I was gettin’ mine

    Dallas, TX Housing Prices Crater 14% As Double Digit Price Barbecue Desperate Debtors

    https://www.movoto.com/dallas-tx/market-trends/

  18. Just in from Crain’s New York:

    Signature Bank warns it could be short of cash if the cryptocurrency world suffers another downdraft
    The disclosure underscores the risk the bank took as one of the few lenders to service the industry

    Related: Signature Bank CEO to step down

    1. if the cryptocurrency world suffers another downdraft

      The fact that this garbage was ever even allowed to exist is yet another symptom of the fraud and rot that is prevalent in our society now. The rule of law has essentially been suspended for wealthy speculators.

      Crypto needs to be illegal. All of it. Just shut it down.

    1. Meanwhile, the bought-and-paid-for media shills and touts continue to publish dangerous lies, like this doozy from today:

      COVID vaccine may lower your risk of heart attacks, strokes after infection, study finds

  19. Southern Poverty Law Center Attorney Charged With Domestic Terrorism For Rioting Against Atlanta Police Facility

    JAMES LYNCH
    March 06, 2023
    3:28 PM ET

    Southern Poverty Law Center (SPLC) attorney Thomas Webb Jurgens was charged with domestic terrorism on Monday for violently protesting against the construction of a new police facility in Atlanta.

    Jurgens was one of 23 people arrested and charged with domestic terrorism after a music festival devolved into a violent protest against a police training site on Sunday, according to local outlet

    Jurgens is a staff attorney for the SPLC’s economic justice project and obtained his law degree from the University of Georgia, his LinkedIn profile says. He is an active member of the Georgia bar and the Florida bar, based on publicly available profiles, which include his middle name.

    Atlanta police say the rioters were dressed in black clothing and threw Molotov cocktails, large rocks, bricks and fireworks at police officers, destroying multiple pieces of construction equipment. Officers deployed non-lethal methods to quell the riot and arrested more than 30 individuals, per authorities.

    Multiple people have already been charged with domestic terrorism for since December for violently protesting the $90 million police training site, dubbed “Cop City” by progressive activists, the Atlanta Journal-Constitution (AJC) reported.

    SPLC is a left-wing civil rights organization and a watchdog group that monitors alleged hate and extremist groups. The group says its endowment was $731.9 million at the end of the previous fiscal year.

    https://dailycaller.com/2023/03/06/southern-poverty-law-center-attorney-domestic-terrorism/

    1. I hope that Terrorists cannot practice law in Georgia.

      I say this knowing that if the wrong snitch overheard me talking I would also go on some list.

  20. Answer:

    ‘As Long as It Takes’

    Question:

    Dr. Jill how long will it take you to seduce Kamala’s husband?

    1. Poor, poor Michelle. What could America possibly do for her to make her feel like she’s not a victim?

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