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The Seams Were Starting To Crack For Some And The Realism Of What Was Going On Started To Kick In

A report from The Hill. “SmartAsset analyzed the 100 largest metro areas in the U.S. In Boise, nearly twice as many homes are being listed than sold, and the median number of days a house sits on the market is 20, marking a 186 percent increase since the same time last year. The Austin-Round Rock-Georgetown, Texas metro area follows Boise in the second spot on SmartAsset’s list. This central Texas metro area has experienced the fourth largest decrease in demand and the 13th largest price reductions. Phoenix-Mesa-Chandler, Ariz.; San Jose-Sunnyvale-Santa Clara, Calif.; and Las Vegas-Henderson-Paradise, Nev., hold the final three spots in the top five of SmartAsset’s list of fastest-cooling real estate markets.”

“The Phoenix metro boasts the highest percentage of listed homes with price cuts, while the Silicon Valley metro, San Jose-Sunnyvale-Santa Clara has experienced more than a 43 percent decrease in the number of houses sold since the same time in 2021. In the Las Vegas metro, the number of houses sold monthly has fallen by about 44 percent over the past year. Nationwide, close to 26 percent of homes listed experienced price reductions in August, up from 16 percent in 2021.”

Local Profile on Texas. “According to the Collin County Association of Realtors (CCAR), the median sales price for homes sat at $539,580, a decline of 5.3% from the same period last year. A county-by-county report by MetroTex found that in Collin County homes remained for 36 days on the market, 18 more days than in June 2022 and closed sales dropped 0.6%. Additionally, ATTOM’s foreclosure activity report released Jul 13, 2023 shows that foreclosure filings in the U.S. rose 13% in the first six months of 2023 compared to the same period in 2022 and 185% when compared to the same period in 2021.”

The Miami Herald in Florida. “One of the largest lenders behind a development company with ties to Miami Mayor Francis Suarez has sued to recover $15 million due on a loan that was used to buy two parcels in Miami Beach for a now-stalled commercial and residential project. The lawsuit is the first filed by a lender since developer Rishi Kapoor lost control of his real estate company, Location Ventures, and stepped down as its CEO last week. The project at 1234-1260 Washington Ave., already saddled with liens by contractors and other vendors, was shut down in late June by city officials for lacking permits while being built along the gentrifying commercial thoroughfare in South Beach.”

“Ricky Arriola, a city commissioner who supported the project, said he fears there could now be ‘significant delays.’ ‘I hope that the receivership process goes quickly and that this project ends up in the hands of a competent developer who can finish it so that it doesn’t lay dormant,’ Arriola said. ‘Nothing worse than an unfinished project.'”

The Chicago Sun Times in Illinois. “Whatever our station in life, many of us can pause and give thanks that we don’t own a portfolio of office buildings. The bigger concern is loans coming due soon that they can’t pay because rental income is drying up. The situation applies equally downtown and in the suburbs. Many landlords owe more in debt than the property is worth. At the start of the year, analysts predicted about a 25% drop in valuations. Now, some experts venture that valuations will fall 40% from pre-pandemic levels, a real fiscal tremor. No one is sure when the market will stabilize.”

“Tech firms are huge in this. Salesforce, having backed a new office tower on Wolf Point, has thrown 119,000 square feet back on the market, and Facebook wants to sublease 115,000 square feet at 151 N. Franklin St., commercial real estate firm CBRE reported. In the suburbs, vacancies are reported to be more than 25%. CBRE said loan distress is ‘limiting the pool of buildings with the stability and capital needed to finalize transactions.'”

The Philadelphia Inquirer in Pennsylvania. “So when can we expect to start seeing obsolete office buildings being transformed into much needed apartments? Don’t hold your breath. ‘It’s very, very difficult to convert office to residential,’ said Jim Pearlstein, president of Pearl Properties, at a June Center City District meeting. ‘I have a lot of nightmare stories.’ Converting an office building into apartments isn’t necessarily radically cheaper than building a new multifamily structure. At a Center City District event in April, co-head of JLL’s Philadelphia office division, Ryan Ade, estimated that converting an old building could cost 75% of building a new one.”

“‘I’m optimistic that over time, the sellers and banks of some of these buildings will become a little more realistic as to what the building is worth,’ said Leo Addimando, managing partner of Alterra Property Group in Philadelphia. ‘There’s a lot of ground-up apartments being built in Philadelphia right now,’ said Ashley DeLuca, who co-leads a new team at the law firm Ballard Spahr focused on distressed office buildings.”

“‘The federal government is going to have to step in and offer some really attractive financing programs for people to convert these buildings [like] loan programs at subsidized interest rates,’ said Glenn Blumenfeld, principal with the tenant brokerage firm Tactix Real Estate Advisors in Philadelphia. ‘The government could offer a program with 3% interest rates, a 50-year loan amortization, and guarantee the loans and the developer would have to provide below market rate housing,’ said Blumenfeld. ‘You just can’t have these urban cores with all these rusting, hulking, office buildings decaying over the years.'”

Bisnow New York. “Nightingale Properties is facing foreclosure at yet another office building as a lender looks to take over the empty Wall Street building it co-owns with InterVest Capital Partners. The mezzanine lender on 111 Wall St. has initiated a foreclosure auction on the 1.2M SF building, enlisting JLL to run the proceeding, which is set for Sept. 19, GreenStreet reports. Oaktree Capital Management holds a mezzanine loan for just under $100M on the building and set the action in motion with plans to leverage its existing debt to take over the property.”

“The foreclosure is the latest in a string of problems for Nightingale. The company and its CEO, Elie Schwartz, have been accused of misappropriating tens of millions raised through the crowdfunding platform CrowdStreet for office deals in Atlanta and Miami that never closed. An independent manager is investigating what happened to the money and put the entities created for the deals into bankruptcy July 14. CrowdStreet is also considering appointing an independent manager to take over the entity that controls 200 West Jackson Blvd., a 480K SF office tower in downtown Chicago for which Nightingale raised $25M on the platform to buy in 2022, Bisnow reported this week. Meanwhile, Nightingale’s office property at 1500 Market St. in Philadelphia has been in receivership since April.”

The Real Deal on California. “The lender for a blighted office building in West San Jose has seized the property after its second foreclosure following a failed attempt by Kochland to turn it into homes. Emerson Vista, a San Jose-based lender, assumed ownership of the two-story building at 826 North Winchester Boulevard after Kochland, an affiliate controlled by Kenneth Ryan Koch of Grass Valley, defaulted on a $505,000 loan, the San Jose Mercury News reported. The vacant two-story office building, covered with graffiti and surrounded by a chain-link fence, has cycled in and out of foreclosure for years. Since the start of the pandemic, the Winchester Professional Building has had three owners and faced two foreclosure proceedings.”

“This year another Koch affiliate lost two properties to a foreclosure seizure in Los Gatos, according to the Mercury News. On Jan. 25, two Downtown Los Gatos commercial properties that Koch owns through a different affiliate were seized by a lender in a $7 million foreclosure auction.”

The San Francisco Chronicle. “Truckee residents Ryan and Kaleigh O’Rear moved to the Lake Tahoe area in 2017, and soon decided to make it their permanent home. They focused on their ultimate goal of buying a house. In talking to couples who left Tahoe, all said finances were the ultimate driver. ‘The underlying animosity in town had gotten pretty rough,’ says Ryan, who left Truckee in June 2022. ‘You’d accidentally brush someone on the sidewalk and they’d say, ‘Go back to the bay, asshole.’ We were really on edge by the time we left.’ I couldn’t even afford to go to the farmers market,’ Kaleigh says. ‘It was like $20 for a flat of strawberries. Yeah, we miss it, but we just got pushed out.'”

“For Ryan, working at the Truckee Airport meant being faced with the extreme wealth of North Lake Tahoe’s fly-in homeowners on a near-daily basis. ‘The excess on display every day was absurd,’ he said. ‘It was hard to be around when you and everyone you know is just trying to figure out how they’re going to make it and how they’re going to stay there. And then people are just flying in, buying houses in cash, and screaming at you because they had to pull their own luggage and were mildly inconvenienced.'”

“Ryan adds that overall, he liked his job at the airport. Most people were friendly, he liked his co-workers, and he says it used to be that it paid extremely well for seasonal work. But he started to feel like the economic and cultural changes in Truckee were permanent when they went from getting 10 to 20 applications for an open position to one or two. ‘It’s not a ‘cool kid, ski club, trust fund’ job,’ he said. ‘It’s a ‘I need money f—king now’ job. And the people who want those kinds of jobs are leaving.'”

The Globe and Mail in Canada. “For B.C., particularly those in Vancouver, the burden of housing costs keeps climbing. New data show that one in five, or 20 per cent of borrowers in the city of Vancouver, are spending at least half their household income on shelter costs. In the University Endowment Lands, half of the mortgage holders there pay 50 per cent or more of their average total household incomes on shelter costs. The data arrive at the same time that insolvency firm MNP released its Consumer Debt Index that showed 52 per cent of British Columbians report that they are within $200 of not being able to pay their bills by month’s end. That was an eight-point increase since the last quarter, which is the biggest increase out of all the provinces.”

“Long-time Toronto mortgage broker Ron Butler said the high number of borrowers in Vancouver and Toronto who are cash-strapped does not surprise him. He’s seeing borrowers who will have to sell their homes – a relatively small number, but they are there. ‘There are people who utilized a HELOC [home equity line of credit] who have had rates go from 2.95 per cent to 7.7 per cent in 15 months and there is a direct correlation to payments, so those payments have more than doubled,’ says Mr. Butler.”

“Langley mortgage broker Alex McFadyen has some clients who are seeing their monthly payments increase by one or two thousand dollars. ‘When this rate increase cycle started there was no indication we would be going up 3 or 4 per cent, let alone 4.5 per cent,’ says Mr. McFadyen. ‘Until the fall of last year or the winter, most people said this won’t have a meaningful impact on their lives. As of the June increase, I sensed a substantially higher amount of stress. I sensed the seams were starting to crack for some, and the realism of what was going on started to kick in for those folks with variable rate mortgages where the payment is locked in. I started to get more calls than ever from people suggesting they needed to refinance to set up an emergency fund.'”

“A contributing overall factor, says Mr. McFadyen, is that people just keep spending their money. According to the MNP report, half of British Columbians regret the amount of debt they’ve taken on in life. ‘I would say the vast majority of people I meet don’t have much in the way of day-to-day savings, and most don’t have a good handle on their budget, and quite commonly I see people spending too much on things like vehicles and vacations and ancillary items and consumer goods. I don’t blame anyone or anything of that nature. It’s just a common occurrence.'”

From CBC News. “A Sudbury, Ont., mortgage broker and a car dealer say it’s getting harder to make big purchases due to the Bank of Canada’s latest interest rate hike. Trina Tallon, mortgage agent for Neighbourhood Dominion Lending Centres, said the current five per cent interest rate is unwelcome news for anyone waiting to spend. ‘We never expected to be in this position,’ she said. The latest increase also forces homeowners to put more money on interest and have little to no principle repayment, she added. ‘Some folks have had to sell their ATVs or their quads and get rid of the loan in order to be able to afford the house that they want to get because that [increase] affects how much they can afford,’ Tallon said. The latest increase also forces homeowners to put more money on interest and have little to no principle repayment, she added.”

News.com.au in Australia. “Yet another Melbourne construction company has collapsed into liquidation, as casualties pile up in the sector. News.com.au can reveal that earlier this month, Narre Warren-based residential builder Kleev Homes Pty Ltd went into liquidation. An Interior designer working on a place next door to a home being built by Kleev Homes observed frustrated tradies visiting the premises earlier this month. ‘I was over two weeks ago and trades were there trying to take back pipes and items in an effort to recoup some funds as the builder wasn’t answering calls,’ they told news.com.au.”

Daily Mail Australia. “A Gold Coast building firm has gone under, leaving over 500 apartment owners in limbo. GCB Constructions, a family-owned firm founded in the 1980s and based in Varsity Lakes, collapsed into administration on Wednesday, with staff losing their jobs. It comes a day after the Queensland Building and Construction Commission suspended its licence for ‘failure to pay debts.’ Local doctor James Ellingford is one of those affected. He purchased a three-bedroom corner apartment in the second tower of the $182m Marine Quarter project at Southport.”

“He previously told the Gold Coast Bulletin he intended to rent it out before moving in and says he has a ‘thousand questions. I’m very disappointed,’ he said. ‘It’s a damn shame – it just means we’re in a sort of limbo while we see what happens.’ In May, the firm faced workers deserting sites after subcontractors claimed invoices were not being paid.”

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Yes, It Is Happening

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This Post Has 72 Comments

  1. ‘I’m optimistic that over time, the sellers and banks of some of these buildings will become a little more realistic as to what the building is worth’

    That’s the spirit Leo!

    ‘‘You just can’t have these urban cores with all these rusting, hulking, office buildings decaying over the years’

    It’s already happened Glenn. Yer not over built, just under demolished!

    1. You just can’t have these urban cores with all these rusting, hulking, office buildings decaying over the years.

      Sure you can. It’s part of the natural cycle of human events. There are ruins on 5 continents of cities that no longer serve their original purpose. See also Genesis 11:1-9.

      1. It’s fair to say by now that the lockdowns were a knife to the heart for many of them.

  3. ‘The latest increase also forces homeowners to put more money on interest and have little to no principle repayment, she added’

    That’s some sound lending right there Trina.

    1. “The latest increase also forces homeowners to put more money on interest and have little to no principle repayment”

      So the loanowners get to pay a sh#tload more interest on money that never existed before it was poofed out of thin air and loaned to them before they get to pay it back with actual dollars they have earned.

      What’s not to like?

  6. Re: The government could offer a program with 3% interest rates, a 50-year loan amortization, and guarantee the loans

    Gives me the feeling that I have seen this deja vu before . . .

  8. “converting an old building could cost 75% of building a new one”

    How many of you civilians have climbed up a ladder, opened tiles of a commercial drop ceiling, and laid eyes upon, let alone worked on, the hot mess of electrical, plumbing, HVAC that’s up there?

    Our betters inform that there will be AI robots that can do that. What a joke.

    1. The conversion would be less than ideal and you’d have a 40 year old apartment compared to a new one.

      1. 40 years old is about the median age of the commercial buildings I do service and renovation work in.

        Suites get carved up into smaller suites, combined into larger suites, over and over again for decades. The electrical would be one of the easier parts if you’re gutting the entire floor. Plumbing and HVAC would be the most labor intensive and expensive. I don’t know what replacing non-opening windows would cost.

        And in most of these buildings, you’d be left with so much dead space at the center of the building.

        1. Dead space we work we play we snooze, 1 floor miniature golf course 1 floor a gym 1 floor a sound proof quiet room, 1 floor to socialize etc.

          and a choice between an average apartment at half the rent of the luxury ones.

    2. “…the hot mess of electrical, plumbing, HVAC that’s up there?”

      Don’t forget network infrastructure. 🙂

    1. Farage Coutts account row is ‘humiliating’ for NatWest | Oliver Shah
      Times Radio
      Jul 26, 2023
      “Getting the truth out of NatWest has been like pulling a molar.”

      The Sunday Time’s associate editor Oliver Shah says the Farage Coutts account row has been “humiliating for NatWest” on #TimesRadio.

      https://www.youtube.com/watch?v=tFKALvBp9W8

      5:39.

  13. More climate hoax nonsense.

    HuffPaint — Can You Really Offset Your Carbon Footprint From Flying? (7/26/2023):

    “No matter how much you try to reduce the environmental footprint of your vacation or work trip, the fact remains that flying produces significant carbon dioxide emissions. According to the International Council on Clean Transportation, air travel accounts for about 3% of global carbon emissions, and the Environmental Protection Agency has estimated that flying produces 10% percent of all U.S. transportation-related emissions.

    That’s why many airlines, booking platforms and third-party companies have started offering “carbon offsets” to help travelers neutralize their environmental impact. But these offerings have been criticized over their actual impact (or lack thereof), with some even calling them a “scam.”

    https://www.huffpost.com/entry/carbon-offset-flying-air-travel_l_643efdd2e4b0d8403884be9c

    The Catholic Church used to sell “indulgences” to sinners back in the day too.

    Everything about the alleged climate “crisis” is about destroying your freedom and making you poorer.

    None of which will ever apply to the self-proclaimed elites* who are not elite, they’re just blood sucking parasites.

    1. * To comment on our blog host calling out Michael Anton for using the phrase “our elites” in a recent essay shared here.

      I don’t think he believes in that phrase as it reads, that he feels subject to some alleged elites. It was bad word choice in an otherwise well written essay.

    2. Can You Really Offset Your Carbon Footprint From Flying?

      The plan is to regulate air travel so that the little people can’t afford it.

      1. The same will apply to driving, eating, electricity, indoor plumbing, etc until the sheep fight back

        1. Yup. Mid 19th century standard of living for the poors. All controlled and surveilled by 21st century technology.

          None of which applies to the alleged “elite” who don’t realize they are as hated as the monarchy in 18th century France.

  14. “The Seams Were Starting To Crack”

    I think the opening words in today’s post says it all. It’s all about massive imbalances. And the anesthetized masses are starting to wake. What’s gonna happen when the latest “Barbie” movie will no longer keep them at bay?

    1. From what I have read, while the Barbie movie had a good opening day, ticket sales have been dropping hard since day 2, so I would say that the movie isn’t keeping them at bay.

      That 1/3 of all auto loans are 30 days overdue most likely has people’s attention. Either you can’t make the car payment or you know someone who can’t (but won’t admit it). It is reported that 20,000 vehicles are repo’d every day, which is about 5 million a year. Have also heard that a lot of cars at the auction sites are not selling because the minimum bid is too high.

        1. I had to look up what a “hot hatch” is. $50K for a slightly souped-up Karen Kar is insane. Better to buy two Corollas.

          1. I was looking around at new Mazda Miata MX-5s and found that there are lots of them for sale here in So Cal. This wasn’t the case a few years ago. Same goes with the Honda HR-V and Mazda CX-30–these are the smallest and cheapest SUVs and cheapest cars now made. Lots of good, cheap cars are backing up on the lots. I was thinking of buying one just to have a spare and beat the rush when California attempts to outlaw ICE sales.

          2. slightly souped-up Karen Kar

            MOre like very souped up. Still, 50 grand is a lot of dough for a hot rodded GTI.

          4. engine you date

            I am married to my Chrysler Marine 318s. We got together when they were 30. Now they’re 50 something. One of the old gals busted a transmission heat exchanger cap and I had to rely completely on the other to get me into the port so I could work on it.

    2. – The U.S. War on Men continues unabated, with Barbie just another Holly-weird offering of more of the same. “Get woke go broke.”

      \\

      https://www.youtube.com/watch?v=7J7aJtGphVs&t=523s
      Barbie – The Greatest Lie Ever Told
      The Critical Drinker
      1.76M subscribers

      https://www.youtube.com/watch?v=xPE7-PRL0M8
      Why Modern Movies Suck – The Strong Female Character
      The Critical Drinker
      1.76M subscribers

      \\

      https://twitter.com/JoeConsorti/status/1683161751737573377
      Joe Consorti ⚡
      @JoeConsorti
      Hollywood continues its profoundly anti-human messaging.

      “A good man is feminine”
      “A good woman is masculine”

      How miserable do you have to be to push this garbage?

      They hate human nature and want everybody else to too.

      Nobody cares, go touch grass.

      From End Wokeness
      11:06 AM · Jul 23, 2023 · 15.7K Views

      \\

      https://nypost.com/2023/07/24/if-i-made-a-movie-that-treated-women-the-way-barbie-treats-men-feminists-would-want-me-executed/

      Piers Morgan
      uncensored
      Opinion

      If I made a movie that treated women the way Barbie treats men, feminists would want me executed

      By Piers Morgan
      July 24, 2023 1:00pm Updated

      \\

      https://pjmedia.com/culture/athena-thorne/2023/07/23/the-based-and-hilarious-reason-gen-z-bros-are-flocking-to-the-new-barbie-flick-n1712910

      Culture
      The Based and Hilarious Reason Gen Z Bros Are Flocking to the New Barbie Flick
      By Athena Thorne 8:39 AM on July 23, 2023

      It’s hilarious to see woke Millennials praising Barbie as a feminist icon. For the entirety of my Gen X lifespan, feminists have hated Barbie with the burning intensity of a thousand suns. Her figure was unrealistic! Mattel’s attempts to make her a career woman were patronizing! She was too blond and pretty!

      But now, all of sudden, Barbie is a feminist icon. The new “Barbie” movie is a stylized fantasy in which the patriarchy is alive and well, and Barbie must smash it by ditching her childish dream world and embracing the feminist ideal lifestyle: spinsterhood.

      We’ve reached the point where it’s no longer possible to take the Woke seriously. They’ve gone so far around the bend that their gibberish has transcended parody and reached the inconceivable level. “They’ve got to be kidding,” anyone who still has a shred of the ability to think analytically says. “They can’t possibly believe that. It’s got to be a joke.”

      The young men of Gen Z had an especially tough time as they came of age. They’re the boys who were told they were “toxic” and “the future was female.” They watched mutely as girls were handed all the honors and awards at school. Their Boy Scout troops were opened up to girls, ending the last boys-only bastion in the country, even as girls-only spaces were praised, funded, and expanded.

      Yet despite the third-wave feminists and their gelded allies’ best efforts, these boys managed to grow into young men who don’t hate themselves. On the contrary, they think they’re actually quite alright, while the angry, pink-hatted millennial women who couldn’t stop sobbing when Hillary lost and who ruined school, “Star Wars,” and comics are the ones with the problem.

      Ken is the closest thing Barbie has to a villain, unless you count patriarchy itself. Upon returning to Barbieland, he and the other Kens (others Ken?) take control in a bloodless coup, and by the time Barbie makes her way back, she’s been literally displaced. Her dream home is now Ken’s Mojo Dojo Casa House, and the Barbies who once ruled the world wear frilly maid outfits and serve cocktails.

      If there’s one thing totalitarians (like the modern Left) cannot tolerate, it’s fun. They sold their sense of joy along with their souls years ago. Unfortunately for them, their “Barbie” feminist film will generate more laughter, memes, mockery, and joy than they ever intended.

      – Real women don’t hate real men, they’re just told they do by the media and the Leftist culture. At some point they’ll wake up and smell the coffee and date a real man. Feminism is a construct of the Left. It was never anything real or of substance. Oh, and sex is binary…

      1. Marxism. The root of all of this is Marxism.

        Destroy family. Destroy gender roles. Deny actual biology.

  15. “Many landlords owe more in debt than the property is worth. At the start of the year, analysts predicted about a 25% drop in valuations. Now, some experts venture that valuations will fall 40% from pre-pandemic levels, a real fiscal tremor. No one is sure when the market will stabilize.”

    Underwater living is the new black.

    1. Now, some experts venture that valuations will fall 40% from pre-pandemic levels

      So for San Diego not only does the +40% COVID bump go poof but -40% in addition to that. That sounds like a lot.

  16. I’m considering performing some local real estate data analysis. Last year, I downloaded county sales data and created multiple charts with different metrics. For example: median sales price by area since 2012. However, there are additional data points I would like to include in my analysis. For example: home purchase price, down payment, amount financed, current balance, etc. Additionally, median household income, age, and other demographic data. I’m willing to pay for the data, depending on the cost. I believe ATTOM may have some of this data. Does anyone have any other suggestions? Thanks.

  17. “Langley mortgage broker Alex McFadyen has some clients who are seeing their monthly payments increase by one or two thousand dollars. ‘When this rate increase cycle started there was no indication we would be going up 3 or 4 per cent, let alone 4.5 per cent,’ says Mr. McFadyen.”

    One would think a mortgage broker would have some sense of what constitutes normal interest rates.

    1. One would think a mortgage broker would have some sense of what constitutes normal interest rates.

      His salary depends on him not understanding that.

      1. He wishes he had a salary. As a former LO and broker I can tell you it’s all about the commission. Was grabbing a CD at a local credit union a couple weeks ago (5.25%). I used to know their LO there. I asked about her and the gal I was talking to said she wasn’t there anymore and pointed me to the desk where their current loan officer sat. Then, under her breath and cringing she says, “Poor thing….she hasn’t had a paycheck in a month and half.” You could hear the crickets chirping on that side of the room.

        1. As a former LO and broker I can tell you it’s all about the commission.

          Of course. But back when it was easy to get those commissions the last thing a loan broker or realtor will tell anyone is that the market is going to crash and you could lose your shirt if you buy a shanty, because if he does he won’t make any money. Or as the saying goes: coffee is for closers.

  18. Sounds like we have another “celebrity died suddenly”. Sinead O’Connor dies at 56. I have yet to see a cause of death, like “after a long battle with cancer …”

    1. Given her history and her son’s suicide last year, her death is probably by suicide.

      1. Given her history and her son’s suicide last year, her death is probably by suicide.

        Given how many celebrities end up having miserable lives and dying before their time, it makes you wonder why anyone would want to become famous. Same goes with people with wealth.

        1. Great poets, artists and actors are often saddled with mania and depression. The highs are high and the lows are low.

          1. Great poets, artists and actors are often saddled with mania and depression. The highs are high and the lows are low.

            The vast majority of “artists” and celebrities I’m referring to aren’t van Gogh or Hemingway. Most people today haven’t even heard of this O’Connor babe.

      2. her death is probably by suicide

        I suppose it’s possible. Didn’t she convert to some odd islamic sect?

  22. ‘We Know You’ve Lied, You Know You’ve Lied!’: Harriet Hageman Does Not Hold Back On Mayorkas
    Forbes Breaking News
    Jul 26, 2023
    At today’s House Judiciary Committee hearing, Rep. Harriet Hageman (R-WY) questioned DHS Sec. Alejandro Mayorkas about social media disinformation suppression.

    https://www.youtube.com/watch?v=M2ma2HuIuKc

    5:23.

    1. Also note she took globalist RINO Liz Cheney’s House seat to represent Wyoming as its sole Representative.

      Nice to see someone actually stand up for their constituency.

  23. Heart Injuries From COVID Vaccine 3000x Higher Than CDC Admits, Study Finds

    by Jamie White
    July 26th 2023, 5:46 pm

    A disturbing study out of Switzerland found that the incidence of cardiac-related injuries following the COVID jab was 3000x higher than U.S. government figures.

    The small peer-reviewed study spearheaded by the Department of Cardiology and Cardiovascular Research Institute in Basel found that out of the 777 participants — all medical professionals at the median age of 37 who received the Moderna COVID mRNA vaccine — nearly 3% of the subjects had elevated cardiac enzymes just 3 days after taking the shot, indicating heart muscle damage.

    https://www.infowars.com/

  24. Excerpt from ZeroSludge:

    “In yet another wild turn of events, today’s court session ended with Hunter Biden’s plea deal placed on hold, and Hunter pleading not guilty for the time being.

    US District Judge Maryellen Noreika said she was not ready to accept the plea deal, and has asked both sides to file additional briefs explaining the legal structure of the revised deal.

    The hearing was temporarily derailed when judge Noreika said she didn’t understand what Hunter Biden could still be charged with. She asked questions that exposed a difference of understanding between Justice Department prosecutors and Biden’s lawyer, Chris Clark.

    “I don’t really understand the scope” of the agreement, Noreika said. She noted that Biden has had numerous foreign business dealings. At one point, she raised a hypothetical as to whether Biden could be charged as acting as an unregistered foreign agent under the Foreign Agents Registration Act.

    She also called the deal federal prosecutors reached with Hunter over his gun possession offense “unusual,” and that it contains some “non-standard terms,” such as “broad immunity” from other potential charges.

    “We don’t usually make diversion agreements public,” she said.

    Leo Wise, an assistant US attorney representing the government at the hearing, said that Biden could still be charged with a FARA violation. His statement prompted Clark to object to the scope of what Biden could still be charged with.

    Noreika asked the prosecutors and defense lawyers to resolve their differences about the plea agreement and temporarily adjourned the hearing.

    When the hearing resumed, Wise and Clark said they were in agreement that the non-prosecution aspects of the deal will be limited to only tax violations, drug offenses and a firearm violation during the years 2014 to 2019. Biden can still be charged for crimes outside the scope of the deal.

    Under the original plea agreement, Biden intended to plea guilty to two misdemeanor tax crimes committed in 2017 and 2018, and would avoid prison on the gun possession charge.

    As part of the conditions for Hunter’s release, he must not consume alcohol or prohibited drugs, or possess a firearm, must submit to random drug tests as required, must actively seek employment and not violate any laws.”

    This will be on the front pages of tomorrow’s New York Times and Washington Post, right?

    1. he must not consume alcohol or prohibited drugs, or possess a firearm, must submit to random drug tests as required, must actively seek employment and not violate any laws.”

      He must not be himself. Good luck with that.

    2. “Happy Birthday Mick!”

      Call the Fire Department before you blow out the candles.

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