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Uh, Sorry, Y’all Go Fish Now

A report from WTOP News. “In 2020, travel was restricted by the pandemic, and many people could work from anywhere. For those who could afford it, a close-by second home on the Maryland and Delaware shores looked like a good investment for short-term rental income and as a work-from-anywhere remote option. As a result, inventory for sale in those vacation destinations, and others around the country, got extremely tight, sales began happening much more quickly and prices rose dramatically. Fast forward three years and the market has shifted. In May, listing service Bright MLS says almost one-third of homes that sold in the Mid-Atlantic were second-home and investment properties.”

“‘That short-term rental income was really high,’ said Lisa Sturtevant, chief economist at Bright MLS. ‘People were traveling a little bit, but didn’t want to stay at hotels, so they were staying at this short-term rentals. We have seen revenue from these short-term rentals begin to decline.’ The number of active listings in May in the Delmarva region was up 30.4% from a year ago. The months of supply based on current sales trend is up 72.5% from a year ago, according to Bright MLS data. The median price in the region in May was down 0.5% from a year earlier, the first year-over-year drop since May 2020.”

Big Island Now. “The occupancy for Big Island vacation rentals in May was 43.5%, which is down 14.2% from a year ago and 27.8% lower than May 2019, before the COVID-19 pandemic struck. These statistics are according to the Hawaiʻi Vacation Rental Performance Report for May. There is a supply on the Big Island of 207,200 available vacation rental unit nights, but only 90,100 were used in May. The average daily rate was $228, which is 2.3% less than May 2022 but 48.7% more than May 2019. In May 2023, the total monthly supply of statewide vacation rentals was 827,700 unit nights (+20.2% vs. 2022, -10.9% vs. 2019) and monthly demand was 445,300 unit nights (-6.9% vs. 2022, -32.6% vs. 2019).”

The Union Tribune in California. “San Diego’s current law governing short-term rentals did not come easily or swiftly. Born out of compromise, it culminated a long and tortured history of hours-long, pitched City Council hearings that for years failed to yield any legislation. Other major cities like San Francisco and Los Angeles have taken very strict approaches in regulating their short-term rentals, and just last month Dallas banned them outright in most neighborhoods with single-family homes.”

“Short-term rental operators wasted little time fighting back. Backed by the financial heft of Airbnb and Expedia, parent company of VRBO, they mounted a referendum drive in hopes of overturning the tough new regulations. Together, they spent more than $1 million on the signature-gathering effort. It worked. Just two months after reaffirming its vote to sharply limit vacation rentals, the council relented and repealed the new law.”

“Two years would pass before Councilmember Jennifer Campbell, whose district includes the beach communities, would be able to broker a compromise, eventually enlisting the critical backing of the major home-sharing platforms, as well as the hotel workers union. Former Councilmember Barbara Bry, who led the push for the much stricter ordinance in 2018, said that precisely defining who can be a short-term rental host was a pivotal issue during the council deliberations.”

“‘I pointed out way back then the importance of defining the word ‘host,’ she said. ‘Does ‘host’ mean each member of a family can be a host? One permit for the husband, one for the wife, and one for each child? Can an LLC be a host? This is an important story on many levels. You’re sort of shining a light on how legislation gets passed when powerful lobbyists propose something. And then sometimes something gets passed with, perhaps unintended consequences. It’s probably what Airbnb intended; it may not be what the council intended.'”

The Dallas Morning News in Texas. “Real estate agent Sharron Sadacca is one of thousands of Airbnb owners, rental operators, cleaners and other workers who rely on short-term rental properties, or STRs, as a vital source of income. They are in a state of flux with some scrambling to move operations and livelihoods out of state and others gearing up for what they say will be a court battle to halt the legislation. Sadacca still doesn’t know how and when the city’s ban will impact their business in Dallas where, the city says, there are about 1,000 registered STRs in single-family neighborhoods.”

“‘You can’t put (roughly) 1,700 entrepreneurs out of business in one fell swoop who are obeying the law, and not have anything to say about it,’ said Lisa Sievers, an owner of two East Dallas properties, a pool house and a garage apartment, which she has rented on Airbnb since 2019. ‘For the city to just kind of say, ‘Uh, sorry, y’all go fish now,’ it just strikes me as something that’s unfair and perhaps not very well thought out.'”

“Sievers, who also sits on the board of the Dallas Short Term Rental Alliance, a group that unsuccessfully tried to stop the ban in City Council, wants to use the legal challenges of Grapevine, Fort Worth and others as a model for a lawsuit in Dallas. The group has already retained the law firm Husch Blackwell on an ‘advisory’ status, Sievers said. ‘There’s a lot of cities that have gone down this road because the basic bottom line is that bans don’t work,’ Sievers said. ‘I think the city of Dallas is going to be finding that out very shortly.'”

“In Dallas’ usually quiet Preston Hollow neighborhood, residents Cori Stethem and Sonya Hebert both described their horror when gunshots from an STR party rang out on their block. Stethem, five months pregnant with her first child, was in her future child’s nursery and on the phone with 911 when she heard the gunfire. Hebert, a mother of two, was hosting a sleepover for her 9-year-old and was in her children’s bedroom. During the late-night and early morning hours between June 4 and June 5, multiple Preston Hollow residents repeatedly called 911, they said, to report excessive noise, open drug use and trespassing from the STR party. But they say many of their calls to operators went unanswered. Instead, they received busy signals or had their calls dropped. By about 1 a.m., neighbors were no longer calling to report nuisances, but gunshots. ‘It’s terrifying,’ Stethem said. ‘You call 911 when you have no other options.'”

From Bloomberg. “Ashford Hospitality Trust Inc. expects to return 19 hotels to lenders in cities including Las Vegas and Atlanta, declining to pour more cash into the properties, which are part of a $982 million mortgage pool that missed a repayment deadline in June. Keeping the hotels would have required a paydown of about $255 million to extend the financing and $80 million in capital expenditures through 2025, Dallas-based Ashford Trust said in a statement Friday. The equity in the properties is already negative, based on comparable sales and brokers opinion of value, according to the statement. ‘At this time, it appears that the most likely outcome will be a consensual transfer of these hotels to the respective lenders,’ the company said in the statement.”

CBC News in Canada. “A bungalow sits on the corner of Seventh Avenue and Retallack Street in Regina’s North Central neighbourhood. Plywood covers most of its windows. The mudroom roof is starting to cave in. The grass is unkempt, with two thin trees growing up from under the front steps. Ward 3 Coun. Andrew Stevens participated in a ride-along through his jurisdiction with members of the City of Regina’s bylaw enforcement department last month. The officers brought him to this house. ‘This house and many others might have been a nuisance for the community by every measure for months or years. Sadly, we’re at a point where people would rather see houses demolished than have them turn into blight and nuisance properties that negatively affect the entire block,’ Stevens told CBC News during an interview outside the house.”

“Leah O’Malley and two other volunteers walked t”heir weekly beat on a rainy Friday evening, picking up needles in back alleys in the city’s north end and offering sandwiches, snacks and ponchos to people on the street who need them. The trio passes multiple boarded-up, burned and abandoned buildings on their route. This time, O’Malley noted one that appeared newly occupied. ‘This community has a problem with abandoned houses,’ said O’Malley, board chair of White Pony Lodge, a non-profit based in the neighbourhood. O’Malley suggests the solution in North Central is not more low-income housing. ‘The low-income housing that we already have here, a lot of it is empty,’ she said.”

The Telegraph in the UK. “Emma and Tom’s* north London house may as well be divided by duct tape. She gets the bedroom and ensuite; he has the spare room, upstairs bathroom and office. Emma has the run of the kitchen immediately after the children go to bed; Tom can cook dinner any time from 8.30pm. They’ve even rationed access to the television and sofa, with her getting peak lounging time from Wednesday to Saturday, and him from Sunday to Tuesday.”

“The former couple decided to end their marriage last November. At any other period in recent history, the ink would already be dry on the papers and one of them would have moved out of the family home and bought or rented somewhere new. But their soaring mortgage repayments (they had to renegotiate in June) and stagnant wages, coupled with the price of raising two small children in the capital, means that their decision to divorce can’t be translated into a physical separation.”

“‘It has been the hardest year of my life,’ says Emma. ‘Deciding our marriage wasn’t working was difficult enough, but when we sat down and looked at our outgoings, we realised we couldn’t afford to run two households until we had saved some money. Having to live together and rehash it all whenever we argue is emotionally draining. I also really worry about the impact it’s having on the children.'”

“I spoke to six divorce lawyers – all of them said the remortgaging cliff that homeowners are about to fall off was making separation more complicated than it has been in decades; two-thirds told me that interest rates were now one of the first things new clients asked about. ‘Look, it’s always a difficult time to separate, but this is going to turbocharge the divorce market,’ says Harry Gates, the co-founder of a law firm that takes on both parties in a separation to ensure a quicker and cheaper split. ‘The mortgage crisis is making it even harder to plan in cases where money is tight, as now every penny matters.'”

The Express. “A beach resort nicknamed the the ‘North Korean Benidorm’ is left rotting with empty hotels and overrun by homeless people. The resort was originally planned near the city of Wonsan, earning its name after communist North Korean leader Kim Jong-un reportedly sent a fact-finding mission to Spain’s Costa Blanca back in 2017. Construction came to an end during the pandemic, leaving the resort abandoned and unfinished. Local residents have revealed the dire state of the site, previously used for missile tests, with reports of faeces-filled buildings and an influx of ‘kkotjebi’ — a North Korean term for homeless people.”

“One individual told Daily NK, a South Korea-based newspaper, ‘the buildings are no different from toilets, with bowel movements left behind by kkotjebi everywhere.’ A source in Kangwon Province, which encompasses Wonsan, said: ‘Buildings without doors have become gathering points for kkotjebi, and now they’re full of human waste and soot from fires. And who’s going to clean all that up? Ultimately, the people of Kangwon Province will be mobilised, and labour and money will be wasted on a project when nobody knows when it will open or if tourists will actually come.'”

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This Post Has 100 Comments

  1. ‘I pointed out way back then the importance of defining the word ‘host,’ she said. ‘Does ‘host’ mean each member of a family can be a host? One permit for the husband, one for the wife, and one for each child? Can an LLC be a host? This is an important story on many levels. You’re sort of shining a light on how legislation gets passed when powerful lobbyists propose something. And then sometimes something gets passed with, perhaps unintended consequences. It’s probably what Airbnb intended; it may not be what the council intended’

    This article focuses on STR’s who game the rules on hosting. I wanted to focus on how these corporate STR dogs use millions of Jerry bucks to bribe and intimidate locals. They’ve been doing this as long as there’s been airbnb, etc.

    1. RE: You’re sort of shining a light on how legislation gets passed

      “If you like laws and sausages, you should never watch either one being made.” – Otto von Bismarck

  2. ‘It has been the hardest year of my life…Deciding our marriage wasn’t working was difficult enough, but when we sat down and looked at our outgoings, we realised we couldn’t afford to run two households until we had saved some money. Having to live together and rehash it all whenever we argue is emotionally draining. I also really worry about the impact it’s having on the children’

    Emma, just get some cotton balls for the little ones ears and let them paint the walls any color they like!

    1. I spoke to six divorce lawyers – all of them said the remortgaging cliff that homeowners are about to fall off was making separation more complicated than it has been in decades; two-thirds told me that interest rates were now one of the first things new clients asked about. ‘Look, it’s always a difficult time to separate, but this is going to turbocharge the divorce market,’

      Rock solid marriages. For better or for worse.

      2. The bird and kids will continue to live in the manner to which they’ve become accustomed. [gavel strikes block] 🙂

  4. ‘the buildings are no different from toilets, with bowel movements left behind by kkotjebi everywhere’

    Hey bay aryans, I sense a bizness opportunity! You can use yer extensive experience with bum poop and urine to create a start up and help Kim out with his empty resort. It’ll be a poop unicorn!

  5. ‘Ashford Hospitality Trust Inc. expects to return 19 hotels to lenders in cities including Las Vegas and Atlanta’

    Just like that they are giving it away. What do they need hotels in Las Vegas for anyway?

    1. I saw a lot of hoopla over some led covered sphere. My first thought was “how does that make any money?”

    1. Bloomberg
      Markets
      Bruised Bond Investors Face Long Road Beyond Fed’s July Decision
      – Some yields reached highest levels in a decade this week
      – Fed’s Jackson Hole event falls in gap between decisions
      Howard/Bloomberg
      By Liz Capo McCormick and Ye Xie
      July 8, 2023 at 1:00 PM PDT

      The bond-market selloff that sent some yields to the highest levels in more than a decade this week leaves investors straining to see past the Federal Reserve’s next move in July.

      As economic data all but extinguished doubt about a Fed interest-rate increase at the end of the month, focus shifted to the central bank’s September meeting, and investors remain deeply divided. Inflation data to be released next week could be decisive, but even if it’s benign, the need for further action at that point is likely to remain unclear.
      …

    2. It gets a little concerning when even relitters are warning about the risks of buying a home now.

      Try not to catch yourself a falling knife.

      1. Mortgage Rates Just Hit Their Highest Point This Year: Is It a Blip or a Housing Death Blow?
        By Margaret Heidenry
        Jul 7, 2023

        Mortgage rates just jumped to their highest level of the year, averaging 6.81% for a 30-year fixed-rate home loan as of July 6, according to Freddie Mac.

        That’s a significant leap from last week’s 6.71%—and more than double the rate that homebuyers enjoyed a mere two years earlier. But times have changed: For the past nine months, rates have hovered above 6%. Plus, although home prices have fallen a bit, they still remain stubbornly above $440,000 throughout 2023.

        All in all, it’s enough to make almost any homebuyer wonder: Is buying a home even worth doing today?
        …
        https://www.realtor.com/news/trends/mortgage-rates-just-hit-their-highest-point-this-year-is-it-a-blip-or-a-housing-death-blow/

        1. * ” .. is it worth buying a home ..?”

          I tell ya what, based on almost 2 decades of home “ownership”, BUYING a home is just the beginning of a never-ending outlay of time & money.
          the older the home, the faster yer gonna get on a first-name basis with the local Home Depot/Lowes staff.
          unless you have mega bucks or handy relatives,
          upkeep & repairs WILL CONSUME A LOT OF YOUR TIME!

          famous last words: ” This is EZ- You can DO IT! ”

          HAHA suuuure Rob Schneider. sure.

          you’ll see a lot of the telly home improvement shows & U-Tube vids are sponsored by the big box stores, who have a huge vested interest in getting a homeowner committed to a project, which can QUICKLY spiral out of control, as he/she realizes they are in over their head & will need a lot more item$ / $kill than the happy-faced congenial presenter claims.

          1. as he/she realizes they are in over their head & will need a lot more item$ / $kill than the happy-faced congenial presenter claims.

            Like remodeling a bathroom or a kitchen.

            Expansive soils are a common problem in the Centennial state. They can knock your shack out of square and guess what? Your windows won’t open anymore. I know a dude who spent about $15,000 replacing all his windows, and they were just plain old vinyl windows, not the fancy Anderson stuff. On a 20 year old house.

          2. truth, preach it.

            And people don’t keep any money in reserve. They buy an old house, the furnace dies (cuz it’s old). OMG I don’t have any money.
            Ummm you knew the furnace was old, it’s going to go soon. Nobody plans ahead and keeps money in reserve.

            And then of course there are the unexpected things that you always need money for. It never ends. It’s amazing that we have been so bamboozled in the last 100 years to think a house is an asset instead of a depreciating asset like a car

    1. How old was Ashley Biden when dad stopped taking her in the shower?

      How old was she, real journalists?

      Natalie Biden was FOURTEEN YEARS OLD when she was photographed (clothed) on a bed, with her Uncle Hunter who was naked.

      Cocaine? No problem.

      Bastard grandaughter? Let’s deny she exists.

      The SICKNESS and DEPRAVITY of this whole family, it never ends.

      This is Democrat Party.

    2. Why do people let this man around their kids?

      Their highly paid jobs where they don’t have to do any real work depend on it?

      They are local officials pleading for federal largesse, so they can grift some of it?

      They are True Believers in the Leftist Narrative, and that includes celebrating pedos?

  8. Denver home sales plummet far beneath industry predictions, as median home price reaches $600,000

    The number of houses and apartments on the market is also lower than realtors guessed.
    The Gart family mansion in Denver’s Washington Park neighborhood. Oct. 26, 2022.
    Kevin J. Beaty/Denverite
    Kyle Harris
    Jul. 06, 2023, 2:03 p.m.

    Denver realtors had a rough spring in what’s normally a high point for home sales.

    The number of homes on the market in June was lower than anybody expected at 6,070.

    Still, there’ve been fewer on the market in recent years and inventory is up more than 16% from May. In part, the sluggishness comes from a drop in new listings, as homeowners hold off on selling.

    “The primary factor driving this trend is the disparity between sellers’ existing mortgage rates and the prevailing market rates,” according to realtor Steve Danyliw, in the Denver Metro Association of Realtors‘ latest market trends report.

    High interest rates on mortgages in 2023, between 6% and 7%, have kept many people out of the market. The industry hoped rates would drop closer to 5%, but they’re nearing 7% again, offering homebuyers little hope that the trend will change much by year’s end.

    All this means fewer sales.

    The number of closings has dropped more than 21%, leaving the industry, which underestimated how few sales would take place, uncertain about the months to come.

    The current median home price — including both houses and condos, duplexes and other multi-unit properties — is $600,000, down more than $11,000 from this time last year. Those prices are expected to drop slightly by the end of 2023.

    “Bidding wars were down considerably,” noted realtor Libby Levinson-Katz, who chairs the DMAR Market Trends Committee. “One reason bidding wars are down is because buyers are far more discerning. They want to negotiate and feel as though they are getting a win in a landscape with rates hovering around 7% and construction costs soaring.”
    …
    https://denverite.com/2023/07/06/denver-real-estate-market-trends-june-2023/

    1. – My BS detector is flashing red this morning on this article. One of these things is not like the other.

      \\

      “There are three kinds of lies: lies, damned lies, and statistics.” – Mark Twain

      \\

      The number of houses and apartments on the market is also lower than realtors guessed.
      The Gart family mansion in Denver’s Washington Park neighborhood. Oct. 26, 2022.
      Kevin J. Beaty/Denverite
      Kyle Harris
      Jul. 06, 2023, 2:03 p.m.

      “Denver realtors had a rough spring in what’s normally a high point for home sales.”

      “The number of homes on the market in June was lower than anybody expected at 6,070.“

      “Still, there’ve been fewer on the market in recent years and inventory is up more than 16% from May. In part, the sluggishness comes from a drop in new listings, as homeowners hold off on selling.“

      \\

      https://www.denverpost.com/2022/07/06/homes-inventory-increases-in-june/
      BusinessReal EstateNews
      Flood gates open on metro Denver housing inventory in June
      Nearly twice as many homes available for sale as a year ago

      Mark Samuelson
      “There were two-thirds more listings of homes and condos in June than May in metro Denver as buyers pulled back.”

      By Aldo Svaldi | asvaldi@denverpost.com | The Denver Post
      PUBLISHED: July 6, 2022 at 6:00 a.m. | UPDATED: July 6, 2022 at 6:03 a.m.

      “The number of homes and condos available for sale in metro Denver surged by nearly two-thirds between May and June and nearly twice as many properties are now on the market compared to a year ago, according to a monthly update from the Denver Metro Association of Realtors.”

      “Buyers, who have struggled with a record-low number of listings since pandemic lockdown orders ended more than two years ago, had four times the selection available to them at the end of June as they did at the start of the year — 6,057 vs. 1,477.“

      “But that might prove small consolation. Inventories are rising because significantly higher mortgage rates and higher home prices have priced many would-be home purchasers out of the market.”

      “The stock market, inflation and cryptocurrency have all taken a hit in the last few months. Housing will eventually be a victim to the economy as a whole, but just how much is yet to be seen,” said Andrew Abrams, chairman of the DMAR Market Trends Committee, in comments accompanying the report.”

      “Abrams added it is only a matter of time before the extra inventory will impact prices, how long it takes to sell a home and the lopsided balance of power between sellers and buyers.“

      1. https://www.denverpost.com/2023/07/06/metro-denver-housing-market-home-prices/
        Business | Real EstateNews
        “Metro Denver home sales and new listings way down entering the second half of 2023”

        “But real estate prices are recovering and inventory is up”

        “Home sales in metro Denver are down by nearly a quarter in the first half of the year. Despite that, prices aren’t too far off the prior highs. Buyers are likely waiting for mortgage rates to drop.”

        By Aldo Svaldi | asvaldi@denverpost.com | The Denver Post
        PUBLISHED: July 6, 2023 at 6:00 a.m. | UPDATED: July 6, 2023 at 6:03 a.m.

        “Home and condo sales are down by about a quarter in June compared to where they were the same month a year ago – 4,109 this June compared to 5,472 last June, according to the latest Market Trends Report from the Denver Metro Association of Realtors.”

        “For the first half of the year, there were 21,534 homes sold compared to 28,027 in the first half of 2022 and 30,433 in the first half of 2021. The region’s residential real estate industry has generated $4.8 billion less in transaction volumes this year than last.”

        “Those buyers will have more inventory to deal with. The number of active listings rose 16.1% in the past month, from 5,228 in May to 6,070 in June. That supply, while flat with year-ago levels, is about double the record-low levels reached in June 2021.”

        “The higher inventory mostly reflects a slower sales pace, given that new listings are down about 27.2% year-over-year, although they did manage to jump 8.7% from May. With many owners sitting on very low-rate mortgages they would prefer not to surrender, the incentive to list a property is reduced.”

        “Despite that weaker pace of activity, home prices have found a way to rebound from recent lows. The bottom isn’t falling out as it did in the second half of the ’00s, which unleashed a horror story of defaults and foreclosures.”

        “The median sales price of a single-family home in metro Denver in June was $655,000, unchanged from May, and down 2.24% from the $670,000 reached in June 2022. For condos and townhomes, the median sold price was $420,000, down 1.2% from May and off 2.3% from the median price of $430,000 in June 2022.”

    2. If asked to describe Denver in three words, I would say Tents, Needles, and Feces.

      It is, after all, what Denver voted for. Mayor elect Johnston doesn’t take office for another week, but he’s already a failed mayor.

      Nothing will ever improve in Denver, there’s no escaping the “doom loop” it voted upon itself.

      1. How long until major retailers close up shop within city limits? If King’s were to close its Dumver stores that would be a shockwave across the metro area.

    1. We let them do this to us. All of us did, by not resisting.

      The only response to any attempt at this kind of tyranny, lockdowns, closing businesses churches and schools, mask mandates, vaccine mandates, or any of the other “climate” BS they’ll be pushing soon, must be violence.

      1. Imagine 100 million Americans, surrounding all 50 state capitols, and every Federal building in the District of Corruption.

        Sadly, most ‘Muricans are too fat and lazy to get off the couch and do anything. They’ve got weed and porn and TikTok and YouTube and all you can eat goyslop, so why do anything?

        National divorce may be the only successful route. States like California and New York aren’t worth saving.

        1. If Governments of the World are in collusion on a Innsurrection to take over the World for a One World Order dictorship, than that’s war declared.
          Under those conditions , the populations of the World would have to take back their Countries from the captured and occupied by the enemy Governments.
          195 Countries, including US, , transferring power to a unelected United Nations/WHO by TREATY AGREEMENT is surrender and treason by those Governments. .
          If the Treaty Agreements, override constitutional protections, freedoms, laws , and the sovereign States, its a surrender agreement, to a Innsurrection by a enemy.
          The unelected United Nations, with the WHO di

      2. We’ll never get the mass violence required. Not in America. South Americans? Now they know how to accomplish that.

        Our only hope is individual vendettas by family members of the sacrificed in ever-increasing numbers until the corporate and political leeches start getting scared.

  10. ‘For the city to just kind of say, ‘Uh, sorry, y’all go fish now,’ it just strikes me as something that’s unfair and perhaps not very well thought out.’”

    Die, speculator scum.

    1. This, my give a damn is precisely zero.

      You cheated and broke the rules and tried to run an unlicensed hotel in a residential area. You got caught, too effing bad.

      Hopefully cities will soon just start seizing these illegal hotels.

  11. Price drops are accelerating out West. I keep a close eye on about 6 different spots. Even the the spots that have been a little “sticky” are slip sliding away. The last two weeks have really seen it ramp up. 🍿

    1. Denver home sales plummet far beneath industry predictions, as median home price reaches $600,000

      The CA exodus is propping up adjacent markets which will crater worse than CA since there are no jobs to even remotely support the nosebleed prices.

      1. Migration into Colorado has slowed to a trickle. Too expensive, too much crime and too few good paying jobs.

      2. 600K!! And to hear people say it like it’s not completely bat-sh#t crazy. I’m temporarily residing just south of Reno and it’s only a tiny but lower than that. In Reno!! So completely ridiculous!

    2. And to add to the popcorn demand, interest rates are heating up again, and 30 year mortgage rates just blew the lid off the supposed November 2022 peak. 🌪️

      1. 30-Year Mortgage Rates Jump Almost a Third of a Point to Reach New 20-Year High
        Today’s Mortgage Rates & Trends
        By Sabrina Karl
        Published July 07, 2023
        The words “Mortgage Rates for Friday 07.07.23” on a dark blue background with housing-related graphics

        Rates on 30-year mortgages jumped dramatically Thursday, adding almost a third of a percentage point and raising the flagship average high into 7% territory. The new average has now surpassed the late May peak, which was estimated to be a 20-year high.
        …
        https://www.investopedia.com/mortgage-rates-jump-to-20-year-high-7557902

    1. Why does the world want to invest in a currency where a megalomaniac like Powell is printing like a madman?

  13. Sunday morning.

    Say a prayer for Russia, download some dank memes from Gab, listen to some Kanye West.

    Life is good. They have less control over us than they want you to believe.

    Marxist globalism can not co-exist with Christianity, and the Marxist globalists will be destroyed and sent to Hell for all of eternity, because Christ is King 🫅🏼

  14. To continue with prior posts.
    The One World Order enemy have stated their intent to,
    – To have a One World Dictorship
    – To abolish individual freedoms and Constitutional protections for forced dictates.
    – To destroy all sovereign borders
    – To eliminate all property rights of humanity
    – To mandate expiermental injections
    – To force populations to eat bugs
    -To create 15 minute prison cities for populations
    -To hack populations for surveillance and control.
    – For a body of unelected Private Parties in partnership with Goverment to rule ,which is called Facism.
    – For control of world resources for distribution to populations.
    – For replacement. by artificial intelligence and robots and transhumanism.
    In that the One World Order forces are a viable threat to humanity, the earth, democracy and freedoms, and want to enslave humanity and genocide humanity, and , and force their agenda, , they are EVIL…

  15. Some might think I harp on the One World Order. But, the end game intent of the One World Order is to eliminate all property rights for humanity.
    You won’t be allowed to own real estate, and will be assigned your living quarters, that you rent from the New World Order.
    They plan to transport populations to 15 minute city centers to max control.

    Just because this agenda is nuts and unbelievable doesn’t mean it isn’t the operational end goal of this power.
    Its not that I believe they will be sucessful in forcing this bizarre agenda, but to be blind to a enemy isn’t advised.

  16. Just a few years ago, for 230K, you could purchase a very nice home in the Pensacola, FL area. About 10 photos or so into the listing, we knew it wasn’t meant to be our dream home. One nice amenity though, at least its within walking distance to the blood plasma donation center.
    So, you’re always conveniently located to a little extra income to support your hobbies.

    https://www.zillow.com/homedetails/1320-Dexter-Ave-Perdido-Key-FL-32507/44675844_zpid/

    1. I could show you many areas along the entire west coast of the US where, prior to 2003, you could buy houses for less than $100k all day long, every day. A fixer was as little as $35,000. Now, those same houses are $300k+.

        1. Perhaps not coincidentally, US housing prices are up in price by a factor of 4X (+/-).

          3. lending/borrowing

            Nope, PRINTING, both electronically and physically. You should educate yourself on QE. The FED creates money out of thin air and then purchases trillions in US Treasuries and Mortgage Backed Securities. This floods the entire system with additional money. Some of this newly printed money is held by the banks, some is used to purchase assets, and some is lent out.

    2. I used to vacation in the FL panhandle every year and always wanted to move there. The prices are out of control now.

    1. Home Banking & Finance Rates of Treasury bills, bonds may rise on hawkish Fed bets
      Banking & Finance
      Editors’ Picks
      July 10, 2023 | 12:03 am
      RJ JOQUICO-UNSPLASH

      RATES of the Treasury bills and bonds on offer this week could rise slightly amid hawkish bets on the US Federal Reserve’s next move.

      The Bureau of the Treasury (BTr) will auction off P15 billion in Treasury bills (T-bills) on Monday, or P5 billion each in 91-, 182- and 364-day papers.

      On Tuesday, it will offer P30 billion in fresh 15-year Treasury bonds (T-bonds).

      T-bill and T-bond rates may track the rise in secondary market yields last week due to expectations of a rate hike from the Fed this month, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

      At the secondary market on Friday, the 91-, 182-, and 364-day T-bills rose by 2.5 basis points (bps), 1.24 bps, and 6.59 bps week on week to end at 6.1088%, 6.1939%, and 6.2834%, respectively, based on the PHP Bloomberg Valuation (BVAL) Service Reference Rates data published on the Philippine Dealing System’s website.

      “The upcoming 15-year Treasury bond/FXTN auction yield could be similar to the comparable 15-year PHP BVAL yield at 6.73% as of July 7, 2023, sharply up by 0.53 week on week,” Mr. Ricafort added.
      …
      https://www.bworldonline.com/banking-finance/2023/07/10/533095/rates-of-treasury-bills-bonds-may-rise-on-hawkish-fed-bets/

    2. “This inflation is 100% intentional. They are just recklessly printing”

      How the Fed “Prints” Money
      Most of the money in use is not cash. It’s credit that’s added to banks’ deposits. It’s similar to the kind of credit you receive when your employer deposits your paycheck directly into your bank account.

      Note
      When people say the Federal Reserve “prints money,” they mean it’s adding credit to its member banks’ deposits.

      The Federal Open Market Committee (FOMC) is the Fed’s operational arm, guiding monetary policy. It engages in expansive monetary policy when the Fed expands credit. It increases the money supply available to borrow, spend, or invest. Expanding credit helps to end recessions.1
      The Federal Reserve. “About the FOMC.”

      https://www.thebalancemoney.com/is-the-federal-reserve-printing-money-3305842

      1. Total US currency in circulation:

        2019: $1,759,800,000,000
        2022: $2,259,300,000,000

        Money-printing.

      2. By the way, just because some of the money-printing is via an electronic entry of reserves on the FED’s balance sheet doesn’t mean it’s not newly printed money. They’ve diluted the value of the dollar just as much as if it was physically printed.

  18. Ok, so a dude, who identified as being a women, just won the 2023 Miss Netherlands Universe contest.
    Ok, so transgenders have hijacked women’s sports, and now Beauty contests.

    1. Rig our elections & markets if you must, globalists, but leave us our beauty contests, at least.

  19. There he is, Miss Netherlands
    There he is, your ideal
    The dreams of a million boys?
    Who are more than pretty
    May come true in Leusden
    Oh he may turn out to be
    The queen of femininity

    Transgender Model Crowned as ‘Miss Netherlands’, Will Compete for Title of Miss Universe

    KURT ZINDULKA
    9 Jul 2023

    A biologically male transgender model was crowned as ‘Miss Netherlands’ and will compete for the title of Miss Universe later this year in El Salvador.

    Rikkie Kolle, a 22-year-old model, has been selected as Miss Netherlands 2023, the first biological male to win the historically female competition.

    https://www.breitbart.com/europe/2023/07/09/transgender-model-crowned-as-miss-netherlands-will-compete-for-title-of-miss-universe/

    1. 2023 Miss Netherlands Universe

      Are these still a thing? Does anyone even care about them anymore?

      I remember as a kid back in the stone age that they were must watch events, but that was a long time ago.

      2. Take a look at any Taylor swift concert and what some will spend/do to attend!! Does anything surprise you anymore?

        1. Take a look at any Taylor swift concert and what some will spend/do to attend!
          Thousands and thousands to attend a concert. (yes thousands) Fly half way across the country, buy the outrageous tickets, rent a room for 2 days, transportation to the concern AND but the mandatory T-shirts/sweatshirts/hoodies as well as food and alcohol at the concert.

  20. There must be a agenda behind this trying to normalize transgenders. My guest would be they want to rig the 2024 election in favor of Big Mike, better known as Michelle Obama.
    They will trot BIG Mike out shortly as the Democrate President candidate, following Biden doing a last minute resigning. Big Mike might announce Harris as her VP.
    As I have said before, to run for President on the platform your a Black Women, when your really a man, is fraud of the highest order. The Obamas already committed a fraud by not disclosing they were a couple of gay dudes, with one parading as a women.

    1. There must be a agenda behind this trying to normalize transgenders.

      Of course there has always been an agenda and it goes back many decades–long before BO was even a teen. The agenda was to erase sexual deviant behavior, i.e., everything is “normal”. And the goal has always been to legalize pedophilia. Male “transgenders” aren’t people with the very rare gender dysphoria disease, they are sexual perverts. Sexual perverts have always existed in the shadows. And where are there lots of pedophiles and perverts? They are among the nobility, rich and powerful.

      That’s what the Deep State is really hiding. Not only have they corrupted government and society, they are infested with pedophiles and perverts. Epstein is just the tip of the iceberg. That’s why they are trying to destroy Trump. It’s not just the corruption of the commies and left, he threatens to blow the lid off of this conspiracy of perverts.

      Have you ever wondered why so many plots of British crime dramas of the past (e.g., Inspector Morse) revolved around sexual deviants? It’s because the perverts have always infested the privileged and powerful in Britain and beyond.

      1. That’s why they’re always after the children. They infiltrated the Catholic Church and Boyscouts

    2. There must be a agenda behind this trying to normalize transgenders.

      Why were so many rich and powerful people associated with Epstein? Why would someone like Bill Gates or Alan Dershowitz be associated with Epstein? Surely they had lots of insider knowledge and info from their security networks to know that the guy was running an illicit operation.

      Why is the MSM completely silent on this story? Just who is attending to the filthy rich participants of the WEF? Are the flight “attendants” in those private jets 50 year old experienced flight attendants with solid CVs?

      The waters really run deep on this story.

        1. I’m sure it wasn’t considered a problem in Sodom or Gomorrah either.

          The Iranians were right, we are the Great Satan.

    3. funny pic, but, maybe I’m missing something . . what inspired the
      “FJB” ?

      I don’t really see anything solid to indicate the driver is a Democrat?

  23. Janet Yellen awkwardly bows to CCP official during Beijing trip: ‘Optics the Chinese love’

    By Andrea Vacchiano
    July 8, 2023 7:41pm EDT

    Footage shows Yellen approaching Vice Premier He Lifeng — her Chinese counterpart — and bowing multiple times while enthusiastically shaking his hand.

    “Never, ever, ever…an American official does not bow. It looks like she’s been summoned to the principal’s office, and that’s exactly the optics the Chinese love,” Blakeman said.

    https://www.foxnews.com/politics/janet-yellen-awkwardly-bows-ccp-official-beijing-trip-optics-chinese-love

  24. The Left’s New Sugar Daddy Alex Soros Had 20 Meetings at Joe Biden’s White House… So Far

    REBECCA MANSOUR
    9 Jul 2023

    Alex Soros, the son and heir apparent to billionaire left-wing philanthropist George Soros, had 20 meetings at President Joe Biden’s White House with Biden administration officials, according to the latest White House visitor logs.

    According to the visitor logs, the younger Soros has visited the Biden White House 15 times, met with officials 20 times, and attended a state dinner for French President Emmanuel Macron at which President Biden was in attendance.

    https://www.breitbart.com/politics/2023/07/09/the-lefts-new-sugar-daddy-alex-soros-had-20-meetings-at-joe-bidens-white-house-so-far/

  25. https://12ft.io/proxy?q=https%3A%2F%2Fwww.washingtonexaminer.com%2Frestoring-america%2Fcommunity-family%2Fforty-percent-of-brown-university-students-say-they-are-lgbt-suggesting-social-contagion

    The biggest ever sold to the public, “I was born this way.” So I deserve the same civil rights protection as people of different races receive.

    Something that is innate cannot be changed. Like your DNA, blood type, HLA and MHC. It seems that a person’s sexual orientation is more dynamic and changing than just about anything! What a bunch of nonsense all this crap about the LGBTQURYFNVBLDS–++ crowd.

      2. The rich must be disappointed in their offspring.

        Or maybe not. As was mentioned the other day, there has long been a great deal of perversion among the elites. Now they no long have to keep up appearances, as their sin is now celebrated.

      1. From wikipedia:

        Pride (superbia), also known as hubris (from Ancient Greek ὕβρις) or futility. It is considered the original and worst of the seven deadly sins on almost every list, the most demonic.[40] It is also thought to be the source of the other capital sins. Pride is the opposite of humility.[41][42]

        Pride has been labeled the father of all sins and has been deemed the devil’s most essential trait. C.S. Lewis writes in Mere Christianity that pride is the “anti-God” state, the position in which the ego and the self are directly opposed to God: “Unchastity, anger, greed, drunkenness and all that, are mere fleabites in comparison: it was through Pride that the devil became the devil: Pride leads to every other vice: it is the complete anti-God state of mind.”[43] Pride is understood to sever the spirit from God, as well as His life-and-grace-giving Presence.[22]

        And we have set aside a whole month to celebrate it.

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