There Are No Funds Left And A Lot Of People With Pitchforks

1. ‘FHA loan limits increased by about 24% in Ada County, allowing buyers to shop around with a much larger budget. The limit was $472,000 in 2022. Now it’s $586,500. The federal government also lowered required mortgage insurance premiums by 30 basis points, or three-tenths of 1%. ‘It’s helping a lot more people qualify for a mortgage and afford a home’

   Here’s yer subprime. Why would they do this when prices in these sh$tholes is sinking like a turd in a well?

   ‘He bought his 6 acres and house for $80,000. Today, it’s appraised recently at around $750,000, he said. ‘It’s not worth 10 times that, but that’s what the values went up to,’ Aberasturi said. ‘Who’s going to come over and buy my house on an income that’s in my area? Nobody’

   Look on the bright side Kelly, you get to pay taxes on the larger amount!

   1. “Why would they do this when prices in these sh$tholes is sinking like a turd in a well?”

      Because they can. The treasury can always sell bonds to the fed to raise cash when the whole shebang goes t!ts-up.

      1. Because they can. The treasury can always sell bonds to the fed to raise cash when the whole shebang goes t!ts-up.

         Yellen and Powell deserve a sharp axe to the cranium, in public.

   2. When I was buying my house in 2012, we ran the numbers for an FHA loan. It’s a crock. ALL it does is allow a lower the down payment, whoop-de-do. It doesn’t lower PITI. In fact it INCREASES PITI. Your payment is higher from putting less money down. On top of that, FHA tacks on PMI for 5(?) years, even if you pay down the mortgage to have 20% equity sooner. And then FHA tacks another fee on top of that, for the life of the loan. You pay dearly for that 3.5% down payment.

      1. You have to refi as soon as you get to 20% equity to get out of the PMI and fees.

         1. I didn’t have to — I chose to put 10% down instead. Made extra payments and got out of PMI in under 3 years.

      2. I’ve been out of the biz for 15 years, but what you are say ping was also true back then. Difference in cost just in loan fees between conventional and FHA was was like somewhere between 5k and 10k.

      3. And here we’ve been picking realtors the whole time. There’s a lot of people being less than forthright these days.

2. You will own nothing.

   1. And eat less, too.

3. ‘For example, a home purchased for $440,000, the average price in April 2022, would likely sell for around $390,000 now. Most homes are purchased with less than a 20 percent down payment, meaning that the proceeds on such a home right now may not cover the loan amount. In this situation, a seller must ask the lender for a short sale’

   Maricopa is a remote sh$thole outside of Phoenix. It was a prime crater before but get this: prices were closer to 300k before.

   ‘Most homes are purchased with less than a 20 percent down payment’

   Most are subprime = now underwater, bingo Maricopa you did it again! And I’d bet tree fiddy the federal loan limits, combined with subprime loans caused this. Well, that and greedy shack gamblers.

   1. $440k in Maricopa? You gotta be shittin’ me. Bahahahahaha!!!

      1. Yep, it’s a heck of a party. Just remember to close one eye when ‘ya drive home.

4. ‘It seems like the natural choice to make in comparison to the team being let go. I wanted to go down swinging’

   Success Roka, down you go!

   1. So, the marketers from a failing developer split off and form a new company … to market for other failing developers. Sounds like fraudulent shills to me.

      1. Sounds like fraudulent shills to me.
         I am pretty sure I would avoid doing business with them, assuming I knew the background

5. Why can’t you afford a house?

   Because government is here to help.

   “FHA loan limits increased by about 24% in Ada County, allowing buyers to shop around with a much larger budget. The limit was $472,000 in 2022. Now it’s $586,500.”

   1. “The limit was $472,000 in 2022. Now it’s $586,500”

      Basically, the FHA refilled the punch bowl at the RE party!

      1. Technically it was FHFA. These are all subprime. It’ll work out like it did in Maricopa. Guberment subprime always expands when the SHTF.

      2. Basically, the FHA refilled the punch bowl at the RE party!

         Paul Krugman and all of the crackpot leftist eCONomists lobbied for the FED to blow another housing bubble after the last collapse. And boy did they ever…..

   2. 2B (or not 2B)… 🙂
      “Why can’t you afford a house?”
      “Because government is here to help.”

      “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’ ”- Ronald Reagan – 40th president of US (1911 – 2004)  

6. ‘We’ve got A$260 million currently invested in the project. It was a decision over the last couple of months to pause but with really making sure we de-risk it appropriately before we’re prepared to put further capital into that’

   That’s a mighty a$$ pounding you took there Tony.

7. ‘Families stay together unhappily because of the financial strain…we’re finding that couples, even when they’re in a very tough divorce, that they tend to both stay in the house because economically, it’s impossible to leave’

   Wa happened to my red hotcakes igloo dwellers?

   1. ‘Families stay together unhappily because of the financial strain…we’re finding that couples, even when they’re in a very tough divorce, that they tend to both stay in the house because economically, it’s impossible to leave’

      \\

      https://www.youtube.com/watch?v=09839DpTctU
      Eagles – Hotel California (Live 1977) (Official Video) [HD]
      152M views 8 months ago #85 top music video

      There she stood in the doorway
      I heard the mission bell
      And I was thinking to myself
      “This could be Heaven or this could be Hell”
      Then she lit up a candle and she showed me the way
      There were voices down the corridor
      I thought I heard them say

      Welcome to the Hotel California
      Such a lovely place (Such a lovely place)
      Such a lovely face
      Plenty of room at the Hotel California
      Any time of year (Any time of year)
      You can find it here

      Last thing I remember
      I was running for the door
      I had to find the passage back to the place I was before
      “Relax,” said the night man
      “We are programmed to receive
      You can check-out any time you like
      But you can never leave!”

      1. Eagles – Hotel California
         Great comment/analogy.

8. ‘The economic woes unleashed by the coronavirus complicated sales efforts for the property because office or retail buildings are now generally perceived as less valuable than before the outbreak of the deadly bug’

   Minor respiratory illness strikes again!

   ‘The prior owner was probably attempting to sell it for $500 to $600 a square foot,’ Taxin said. ‘We want to sell it for about $350 to $375 a square foot

   Good luck with that Dave. Even the foreclosure price is stupid.

   1. “unleashed by the coronavirus”

      Unleashed by government.

      1. Unleashed by government.

         Do we need any more evidence that the government hates us and wants to harm us?

9. ‘The problems in the sector have been brewing for a long time, it wiped off the wealth effect among investors and no one wanted to buy property now’

   Sux to be you Dickie. And what does the globalist scum media chatter about? What they always do when China wets the bed: we need stimulus pooh bear, waaah! Guess what: China doesn’t have a money tree, never did. Of all the mayors and guvnahs who shot themselves in the fook with CCP virus, Xi did it in spades. Trillions of Jerry bucks have gone to money heaven.

   1. China has been printing more fake money than anybody. This entire charade is going to collapse.

10. “‘It’s not worth 10 times that, but that’s what the values went up to,’ Aberasturi said. ‘Who’s going to come over and buy my house on an income that’s in my area? Nobody.’”

    Ditto every boom town in the West. Native residents cannot afford to buy a home, period. Yeah….totally sustainable.

    1. It seems California’s real estate bubble has massively spilled over into Idaho this time.

       ‘Welcome to the Hotel California
       Such a lovely place (such a lovely place)
       Such a lovely face
       Plenty of room at the Hotel California
       Any time of year (any time of year)
       You can find it here
       …
       Last thing I remember, I was
       Running for the door
       I had to find the passage back
       To the place I was before
       “Relax, ” said the night man
       “We are programmed to receive
       You can check out any time you like
       But you can never leave”‘

11. Two prominent climate scientists have taken on the Environmental Protection Agency’s (EPA) new rules to cut CO2 emissions in electricity generation, arguing in testimony that the regulations “will be disastrous for the country, for no scientifically justifiable reason.”

    Citing extensive data to support their case, William Happer, professor emeritus in physics at Princeton University, and Richard Lindzen, professor emeritus of atmospheric science at Massachusetts Institute of Technology (MIT), argued that the claims used by the EPA to justify the new regulations are not based on scientific facts but rather political opinions and speculative models that have consistently proven to be wrong.

    “The unscientific method of analysis, relying on consensus, peer review, government opinion, models that do not work, cherry-picking data and omitting voluminous contradictory data, is commonly employed in these studies and by the EPA in the Proposed Rule,” Mr. Happer and Mr. Lindzen stated. “None of the studies provides scientific knowledge, and thus none provides any scientific support for the Proposed Rule.”

    “All of the models that predict catastrophic global warming fail the key test of the scientific method: they grossly overpredict the warming versus actual data,” they stated. “The scientific method proves there is no risk that fossil fuels and carbon dioxide will cause catastrophic warming and extreme weather.”

    “That was already an embarrassment in the ‘90s, when I was director of energy research in the U.S. Department of Energy,” he said. “I was funding a lot of this work, and I knew very well then that the models were overpredicting the warming by a huge amount.”

    In addition to disregarding the benefits of CO2, they stated, the EPA’s emission rules and the global warming narrative that has been used to justify them are based on flawed data.

    In addition to teaching physics at Princeton, Mr. Happer’s decades of work in physics has focused on atmospheric radiation and atmospheric turbulence, and his inventions have been used by astronomers and in national defense.

    “Radiation in the atmosphere is my specialty,” Mr. Happer said, “and I know more about it than, I would guess, any climate scientists.”

    His expertise, he said, “involves much of the same physics that’s involved in climate, and none of it is very alarming.”

    In addition to scientific arguments about why global warming is overblown, the scientists also cite data showing large discrepancies between global warming models and actual observations. In some cases, Mr. Happer and Mr. Lindzen say, data has been disingenuously manipulated to fit the climate-change narrative.

    “The most striking example of that is the temperature record,” Mr. Happer said. “If you look at the temperature records that were published 20 years ago, they showed very clearly that in the United States by far the warmest years we had were during the mid-1930s.

    “If you look at the data today, that is no longer true,” he said. “People in charge of that data, or what the public sees, have gradually reduced the temperatures of the ‘30s, then increased the temperature of more recent measurements.”

    An example of misleading data used by the EPA as proof of global warming is shown in the chart below, Mr. Happer and Mr. Lindzen claimed.

    A report by Cornell University states that “more than 99.9% of peer-reviewed scientific papers agree that climate change is mainly caused by humans, according to a new survey of 88,125 climate-related studies.”

    But Mr. Happer argues that consensus is not science, citing a lecture on the scientific method by renowned physicist Richard Feynman, who said, “if it disagrees with experiment, it’s wrong.”

    “Science has never been made by consensus,” Mr. Happer said. “The way you decide something is true in science is you compare it with experiment or observations.

    “It doesn’t matter if there’s a consensus; it doesn’t matter if a Nobel Prize winner says it’s true, if it disagrees with observations, it’s wrong,” he said. “And that’s the situation with climate models. They are clearly wrong because they don’t agree with observations.”

    The National Library of Medicine cites a speech by physician and author Michael Crichton at the California Institute of Technology in 2003 in which he said, “consensus is the business of politics.”

    “Science, on the contrary, requires only one investigator who happens to be right, which means that he or she has results that are verifiable by reference to the real world,” Dr. Crichton said. “In science, consensus is irrelevant. What are relevant are reproducible results.”

    “The initial predictions of climate disasters had New York flooded by now, no ice left at the North Pole, England would be like Siberia by now,” Mr. Happer said. “Nothing that they predicted actually came true. You have to do something to keep the money coming in, so they changed ‘global warming’ to ‘climate change.’”

    Nobel Prize-winning physicist John Clauser told The Epoch Times that he, too, was abruptly canceled from giving a speech on climate at the International Monetary Fund (IMF) on July 25. Mr. Clauser had stated during a previous speech at Quantum Korea 2023 that “climate change is not a crisis.”

    He said that climate is a self-regulating process and that more clouds form when temperatures rise, resulting in a compensatory cooling effect. Although he agrees that atmospheric carbon dioxide is increasing, he argued that the gas’s effect on global warming is swamped by the natural cloud cycle.

    However, only days before his IMF discussion was to take place, Mr. Clauser received an email indicating that the IMF’s Independent Evaluation Office (IEO) director, Pablo Moreno, didn’t want the event to happen. An assistant who was coordinating the event wrote to Mr. Clauser: “When I arranged this the Director was very happy about it but things have evidently changed.”

    Asked why there would be a need to censor, alter, and cherry-pick data to support the global warming narrative, Mr. Lindzen said “because it’s a hoax.”

    Mr. Clauser said of the climate consensus, “We are totally awash in pseudoscience.”

    “There is this huge fraction of the population that has been brainwashed into thinking this is an existential threat to the planet,” Mr. Happer said. “I don’t blame the people; they don’t have the background to know they are being deceived, but they are being deceived.”

    “What would happen to sustainable energy, the worthless windmills and solar panels if suddenly there were no climate change emergency,” Mr. Happer said. “They’re really not very good technology and they’re doing a lot more harm than good, but nevertheless people are making lots of money.”

    Many investors, most notably BlackRock, the world’s largest asset manager, have cited government regulations and subsidies as a key reason why investments in “green” energies would be profitable.

    “Going back to [19]88 to ’90, funding went up by a factor of 15,” Mr. Lindzen said. “You created a whole new community.

    “This was a small field in 1990; not a single member of the faculty at MIT called themselves a climate scientist,” he said. “By 1996, everyone was a climate scientist, and that included impacts. If you’re studying cockroaches and you put in your grant, ‘cockroaches and climate,’ you are a climate scientist.”

    https://www.theepochtimes.com/mkt_app/article/two-princeton-mit-scientists-say-epa-climate-regulations-based-on-a-hoax-5460699

    1. The cold truth about global warming is that the chances of achieving net zero, where emissions that are impossible to eradicate are offset by burying carbon dioxide or sucking it out of the air, are declining by the hour. The IEA says that energy-related emissions – energy production of all types produces the vast majority of carbon output – rose six per cent in 2021 and almost one per cent last year, setting another record high.

       No surprise that the main culprit is China, whose emissions keep surging as Beijing dribbles out alarming signals that its commitment to reach net zero by 2060 (the pledge of most industrialized countries is 2050) is far from a sure thing. To be sure, countries everywhere will have trouble meeting their net-zero targets, but their will to get even close might evaporate if the biggest emitter of them all by a long shot makes a mockery of its own targets. They would consider the trillions of dollars spent to decarbonize their economies a waste of money – or worse, a net transfer of wealth and jobs to China and its carbon-belching industries.

       China officially insists that it remains in the net-zero game. In July, Chinese President Xi Jinping told a national environmental protection conference that his country’s commitment to reach carbon peak by 2030 and carbon neutrality 30 years later was “unwavering.” At the same time, he dismissed the pleadings of U.S. climate envoy John Kerry, who attended the conference, to speed up China’s decarbonization efforts. According to state news agency Xinhua, Mr. Xi said, “The path, method, pace and intensity to achieve this goal should and must be determined by ourselves and will never be influenced by others.”

       That was not the first hint that China’s go-it-alone climate policy threatens to undermine the net-zero pledges it made under the 2015 Paris Agreement. Last year, at the UN’s climate conference in Egypt, China (along with India and Russia) failed to set targets for the output of methane and other non-carbon dioxide greenhouse gases. Since methane is 20 times more powerful at trapping heat in the atmosphere than CO2, its rapid reduction is essential. China also refused to contribute to a new fund that would compensate poor countries for the climate damage, such as flooding, that they endure.

       The World Bank says China is responsible for a third of the world’s greenhouse gases (Canada, about 1.5 per cent). A recent report by Finland’s Centre for Research on Energy and Clean Air said China’s emissions rose four per cent year over year in the first three months of 2023, the highest output on record.

       Propelling the rise are new coal plants. Such plants are becoming pariahs in the West; not so in China, where they are needed not so much to meet overall demand but daily peak periods, as temperatures rise and millions of overheated families buy air conditioners. Carbon Brief reported that governments in China approved 10 gigawatts of new coal plants in the first quarter of this year, after approving 100 gigawatts in 2022 – the equivalent of 100 large plants. The online publication, which specializes in climate-change science and policy, said the capacity of the plants under construction last year was six times that of the rest of the world. Since coal burners last 30 years or more, there is a good chance they will still be operational, and generating revenue for local Chinese governments, precisely when the country’s net-zero deadline arrives.

       You can see where this is going. China’s net-zero pledge deadline seems unlikely to be met, barring a scientific breakthrough that allows cheap, clean power generation. China, building coal burners with alacrity, has yet to state credibly how it will achieve net zero 37 years from now even as its emissions keep rising. The country may have little incentive to move fast on cutting emissions because cheap electricity generated in good part by fossil fuels is allowing it to create world-beating industries, such as EV and solar-panel production. At some point, the West will ask: Why are we punishing our economies to achieve net zero when China, the biggest emitter, is not?

       https://www.theglobeandmail.com/business/commentary/article-china-paris-accord-net-zero-commitments/

       1. China will thank the US for the cheap oil if we fall on our swords and get out of fossil fuels.

       2. ‘Why are we punishing our economies to achieve net zero when China, the biggest emitter, is not?’

          To destroy the economies of free nations. India is right behind China and they are also opening hundreds of coal plants.

          1. To destroy the economies of free nations.

             Just look at what is happening in Germany. A relative works for a German multinational in the US. He says that they are transferring production out of Germany as quickly as possible.

       3. electricity generated in good part by fossil fuels is allowing it to create world-beating industries, such as EV and solar-panel production

          Beating us at the fraudulent game we invented.

       4. Ironically, China and other industrialized nations might well meet those climate targets just by demographics alone. Sure, people can hang on from age 70 to age 90, but not from age 90 to age 110. By 2050 the teeming masses of elderly will be gone entirely. And the teeming masses of young people are in countries that don’t use as much power, although that might change.

          1. 🚨 EU’s Net Zero Falls Apart 🇪🇺
             Mahyar Tousi

             Aug 14, 2023

             https://www.youtube.com/watch?v=fPfG-hg3-Fc

             6:18.

    2. How is “climate change” like a watermelon?

       Green on the outside, red on the inside.

       The only good communist is a dead communist ☠️

12. A report from the Idaho Statesman. “Borrowers struggling with a low credit score, history of bankruptcy or limited savings who may not be eligible for a conventional loan are taking advantage of Federal Housing Administration [FHA] loans instead, said Jared Olsen, a mortgage loan officer with Zions Bank in Boise. The loans are issued by private lenders and insured by the FHA [read Taxpayers]. This year, FHA loan limits increased by about 24% in Ada County, allowing buyers to shop around with a much larger budget. The limit was $472,000 in 2022. Now it’s $586,500. The federal government also lowered required mortgage insurance premiums by 30 basis points, or three-tenths of 1%. ‘It’s helping a lot more people qualify for a mortgage and afford a home,’ Olsen told the Statesman.”

    //

    The Idaho Press. “At times, it can feel as though the oxygen around housing challenges is taken up by the Treasure Valley’s rapidly growing cities. The vast majority of Idaho is rural and those residents are also feeling the pressure. In Clearwater County, there was virtually no income growth over the past 10 years while home values went up by 55% in that time, the report said.

    //

    In Maricopa in Arizona. “Over the last year, housing prices have taken quite a ride. By the end of 2022, prices were down 17%. They’ve rebounded about 7% this year so far, but that means for anyone who bought a home in the spring of 2022 and is now experiencing a job loss, a divorce or any other kind of dramatic life event, they could be underwater on the home they just bought.”

    “For example, a home purchased for $440,000, the average price in April 2022, would likely sell for around $390,000 now. Most homes are purchased with less than a 20 percent down payment, meaning that the proceeds on such a home right now may not cover the loan amount.

    – Just like for student loans, it’s the loan guarantee limit that sets tuition house prices and perpetuates the cartels in both instances. This is gooberment policy: Ever-increasing prices, all funded by ever-increasing debt loads. This is the system. It requires ever-increasing debt levels to keep it running, but in a finite world, “trees don’t grow to the sky.” It looks to me like we’ve once again hit the debt saturation limit in our from-bubble-to-bubble economy. What happens next?

    //

    “There is nothing that politicians like better than handing out benefits to be paid for by someone else.” – Thomas Sowell

    “The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money.” – Alexis de Tocqueville

    “I think myself that we have more machinery of government than is necessary, too many parasites living on the labor of the industrious.” – Thomas Jefferson

    “Once a boom is well started, it cannot be arrested. It can only be collapsed.” — John Kenneth Galbraith

13. Are you worried the bear steepener may take down your stocks?

    1. Forbes
       Money
       Investing
       Another Rare Macroeconomic Bird Sighted? The Dreaded Bear Steepener
       Bob Haber
       Contributor
       I identify the pure investment merit of assets with a macro lens.
       Aug 11, 2023,10:39am EDT
       Getty Images

       In my last missive (The Stock Market Loves Bidenomics (So Far) (forbes.com)), we pointed out a rare policy called “fiscal dominance”. Now we may have spotted another rare bird. Let’s start with a yield curve primer: The yield curve maps out interest rates (we care in this case about US Government) all the way from 3 months to 30 years. Usually, as in 90% of the time, shorter rates are lower than longer interest rates (by about 1% or more). Bond gurus call this a steep yield curve. Makes sense because a bond holder should be compensated to hold for a longer term. Occasionally, like now and since 2022, short interest rates are higher than long ones; this we call an inverted curve. Simplistically, there are two ways a yield curve can steepen: short-term interest rates go down faster than long-term rates or long-term rates go up faster than short-term rates. The latter journey is the “bear steepener”.
       …
       https://www.forbes.com/sites/bobhaber/2023/08/11/another-rare-macroeconomic-bird-sighted-the-dreaded-bear-steepener/?sh=1834ffcc2a1f

       1. Bidenomics means concentrating wealth at the top for businesses and individuals

    2. Financial Times
       Markets Insight US inflation
       Traders are not pricing in a policy of benign neglect on US inflation
       Persistent wage growth could keep interest rates higher for longer
       Fed chair Jay Powell. Many Fed officials would be unwilling to force the economy into a downturn if inflation stabilised around 4% a year, instead of 2%
       Matthew Klein 2 hours ago
       The writer is publisher of The Overshoot research service and co-author of ‘Trade Wars are Class Wars’

       Markets are currently pricing in the most benign possible outcome: that US inflation continues to decelerate even as real output keeps growing briskly. While this is certainly possible, it is at least as likely that inflation will stabilise at a rate roughly 2 percentage points faster than the Federal Reserve’s 2 per cent yearly goal. In that scenario, shorter-term interest rates would remain at their current levels for some time, if not go even higher, which in turn would pull up longer-term yields and push down valuation multiples. That could spell trouble for asset prices.
       …

14. Chula Vista nonprofit overwhelmed with influx of unsheltered people after encampment ban begins
    Unsheltered San Diegans have started to migrate to other cities as local law enforcement cracks down on encampments.

    August 13, 2023

    CHULA VISTA, Calif. — San Diego police started enforcement of the Unsafe Camping Ordinance in Balboa Park. Since then, several people experiencing homelessness have moved to neighboring cities like Chula Vista.

    Nonprofit leaders in the South Bay said organizations can’t keep up with the demand and are forced to turn people away.. Chula Vista-based Community Through Hope, a local nonprofit aiding unsheltered people, is one of them according to the organization’s executive director Sebastian Martinez.

    “We were already servicing so many folks when it was just people local to South Bay.”

    CTH offers food, shelter and a cooling space for unsheltered people. However, Martinez said, food donations that usually last a week have flown off the shelves within days.

    “Today at 12, we had to stop lunch because we ran out of food.”

    Martinez has noticed the lack of resources is already affecting the vulnerable population. He said he fears not having enough services or shelters in Chula Vista.

    Unsheltered San Diegans have started to migrate to other cities as local law enforcement cracks down on encampments. Some, like Charles, used to live downtown. But now that the ban has gone into effect, he said he’s been lost on where to go. “It’s kind of hard out here,” said Charles.

    https://www.cbs8.com/article/news/local/chula-vista-non-profit-overwhelmed-with-homeless/509-a0639221-7160-4a5b-af34-23b213a7a9b1

    1. “Unsheltered San Diegans have started to migrate to other cities as local law enforcement cracks down on encampments.”

       One way to end (local) homelessness is to incentivize your homeless population to move elsewhere.

       1. Also works with “refugees”.

       2. Remember the pics of the towns in the Great Depression (1st one) that would say “no bums, move along”

          I expect that will start coming back soon

          1. “I expect that will start coming back soon”

             I dunno. That stance likely took backbone and resolve.

             1. The only back bone required is saying I’m paying you, do yer job.

             2. In many blue cities the police don’t even respond to vandalism, and the DAs don’t give a chit either.

             3. In many blue cities the police don’t even respond to vandalism, and the DAs don’t give a chit either.

                In Seattle, somebody threw a brick through the front window of one of the “defund the police” local city council members’ house. She immediately called the police, and threw a fit when she was told they weren’t coming out and to file a report online.

    2. ““Today at 12, we had to stop lunch because we ran out of food.”

       How often do food banks/shelters run out of food? Doesn’t seem to be that often. And aren’t most of these homeless folks drug addicts? I thought they didn’t eat that much.

       1. I’ve read that food banks are having to tighten rations for their “customers”, otherwise they would run out.

          1. Good point. I have a friend who goes to the food bank. A couple years ago they were practically begging her to take stuff. Now she goes less often and takes less and no one is complaining.

15. For just a meager investment of 225K, you can be a slumlord in Pensacola, FL.

    https://www.zillow.com/homedetails/130-Tower-Rd-Pensacola-FL-32534/44648506_zpid/

    1. That mess makes 5% risk free look extra sexy.

    2. That whole area is kinda weird. Properties are selling from $40K to $125K. From what I can tell, perhaps the neighborhood was built in ~1960 for the poor but working classes whose primary entertainment was drinking, cousin-kissing, and alligator-tipping. 50 years, a few hurricanes, and next-to-no zoning regs later, it’s now devolved into jury-rigged shelters and mini-mobile home parks (for lack of a better term). The old houses are barely hanging on.

       How close was my guess?

       1. I’d say pretty close guess. What’s wrong with cousin-kissing?

          1. What’s wrong with cousin-kissing?

             https://i2-prod.dailyrecord.co.uk/incoming/article27107657.ece/ALTERNATES/s810/4_Horrifying-secrets-of-Americas-most-notorious-inbred-family.jpg

             1. I watched the Youtube videos from Soft White Underbelly on that family. WOW.

       2. How close was my guess?

          I’d give ‘ya 4.5 on a 5 scale ’cause you left out the visqueen and duct tape windows.

16. Two Princeton, MIT Scientists Say EPA Climate Regulations Based on a ‘Hoax’

    By Kevin Stocklin
    8/12/2023

    Two prominent climate scientists have taken on the Environmental Protection Agency’s (EPA) new rules to cut CO2 emissions in electricity generation, arguing in testimony that the regulations “will be disastrous for the country, for no scientifically justifiable reason.”

    Citing extensive data (pdf) to support their case, William Happer, professor emeritus in physics at Princeton University, and Richard Lindzen, professor emeritus of atmospheric science at Massachusetts Institute of Technology (MIT), argued that the claims used by the EPA to justify the new regulations are not based on scientific facts but rather political opinions and speculative models that have consistently proven to be wrong.

    “The unscientific method of analysis, relying on consensus, peer review, government opinion, models that do not work, cherry-picking data and omitting voluminous contradictory data, is commonly employed in these studies and by the EPA in the Proposed Rule,” Mr. Happer and Mr. Lindzen stated. “None of the studies provides scientific knowledge, and thus none provides any scientific support for the Proposed Rule.”

    they grossly overpredict the warming versus actual data,” they stated. “The scientific method proves there is no risk that fossil fuels and carbon dioxide will cause catastrophic warming and extreme weather.”

    https://www.theepochtimes.com/article/two-princeton-mit-scientists-say-epa-climate-regulations-based-on-a-hoax-5460699

    1. I’m not holding my breath waiting for warmists to change their minds.

       1. If they’re being richly paid to say this, why does it matter if they change their minds? There are billions of people being forced into lowering their standards of living (including people who are poor already) over a hoax. Luckily people are waking up. Little Britain is a good example. Just when the pain is about to be applied, the guberment is caving cuz it’s just too much. These kooks are very small in number: we are the vast majority.

          1. 2025 Boiler ban: ‘We will never achieve anything by making ourselves cold & poor’ | Jacob Rees Mogg
             GBNews
             Aug 8, 2023
             ‘Ultimately as with the 2030 new petrol & diesel ban, and other net zero policies, the burden of the cost once again falls on you. And we will never achieve anything by making ourselves cold and poor.’

             https://www.youtube.com/watch?v=7q9EZ3orim4

             4:18.

             1. Whatever happened to all those 55 mph limits on highways? Which states go rid of them and which didn’t? History may not repeat but it sure rhymes

             2. Yes, the Jimmy Carter stuff. Mandatory retirement at 55, going all metric in the US. Most of it never happened or was repealed soon after. They’ve got 85 MPH highways in Texas.

             3. Whatever happened to all those 55 mph limits on highways?

                Don’t give them any ideas

          2. “billions of people being forced into lowering their standards of living”

             That is all this was ever intended to be. The lifestyles of the rich won’t change, it is only about creating mass deprivation and starvation.

             The only good communist is a dead communist ☠️

             1. The lifestyles of the rich won’t change

                Exactly, nothing will be banned, but everything will be painfully regulated so that for the masses it will be unaffordable.

                By 2026 the CAFE MPG number is going to be 40 mpg. Currently, it’s 28 mpg, and for 2032 they are proposing 58 mpg. They won’t have to ban ICE cars, it will be impossible to make any that meet regulations.

             2. ” They won’t have to ban ICE cars, it will be impossible to make any that meet regulations.”

                Wasn’t that strategy shot down by the Supreme Court in West Virginia vs. EPA? Regulating cars out of the reach of the public altogether may fall under the “major questions doctrine.” If the Admin was a major policy change, then that needs to be addressed by a law from Congress, not those unelected bureaucrats in Washington DC.

       2. Any dispute to the Climate Change fraud will be censored, just like any dispute to the Covid narratives.
          And they won’t allow any dispute to the so-called solutions to climate change either, just as they didnt with Covid solutions.
          Their so-called solutions to Climate Change are so ridiculous, even if you believe in Climate Change.
          Think about it. Cut off 40% of the foods, replace fossil fuels with solar/windmills, 15 minute prison cities, bugs and fake food replacement, take away energy, one world tyranny. etc etc.
          Just like their only solution to the so-called Covid emergencies was useless lockdowns and masks, and deadly expiermental vaccines.
          No Global talk about valid solutions to what they claim to be the biggest threat to earth being Climate Change.
          No talk about elimination of 40% of jobs within 10 years by AI and Robots, and what kind of displacement that would create.
          Solutions that the results would be mass genocide, mass disfunction, mass deprivation of populations, loss of freedoms, are not sane . Its a Power Grab .
          What else could it be?

       3. I’m not holding my breath waiting for warmists to change their minds.
          All we need is one or two large volcanic eruptions to reduce the global temperature so the alarmists might go away for a decade.

          1. They’ll just keep lying and telling us that the Earth is on the verge of boiling.

17. At first glance I thought this was referring to “Big Mike”.

    Barack Obama told ex, ‘I make love to men daily, but in the imagination,’ letter shows

    By Jon Levine
    August 12, 2023

    Former President Barack Obama wrote of his own “androgynous” mind and “mak[ing] love to men daily, but in the imagination,” according to the redacted portion of a now-notorious 1982 letter, obtained by The Post.

    The more than 40-year-old letter to an ex-girlfriend recently resurfaced after Obama biographer David Garrow gave a long and winding interview on the one-time commander-in-chief.

    https://nypost.com/2023/08/12/barack-obama-told-ex-i-make-love-to-men-daily-but-in-the-imagination/

    1. Obama actually said this out loud…. (RARE 2008 Video)
       15 minutes ago

       https://www.youtube.com/watch?v=4nzsNE3USc0

       42 seconds.

    2. Has anybody ever seen a picture of Barack and Michelle / Mike with their alleged daughters as infants or young children?

       Nobody has.

       They are just props on a stage set that got added to the script later, after Mike started transitioning.

       1. Globalist scum media keeps trying to convince us we really, really want Big Mike to be our next president.

       2. Wendy Williams the same no legit pregnancy pics..

18. Local RE observations: lots of signs that people are preparing for market. It’s the hottest time of year (albeit the coolest in our 10 years here) yet I see huge tree trimming projects, major front yard work, a moving truck on our street, and another neighbor’s house tented. Mortgage rates didn’t come down as promised and the peak is behind us. $2.2M is the popular wishing price. Look out below!

    1. “$2.2M is the popular wishing price.”

       Mucho dinero.

       1. Newest listing: 13229 Stone Canyon Rd, Poway, CA 92064

          Asking $2.2M. Sold for $1,007,500 in 11/2018. Granted they did some remodeling.

          1. Is that a real brick floor in the kitchen? Major tripping hazard.

             1. I believe so.

             2. Call the Feds! We need another government regulation.

       2. Here’s a flip: 13475 Calle Colina, Poway, CA 92064

          Sold 5/11/2023 for $1.6M. Listed 7/20/2023 asking $2,398,000. Relisted 8/12/2023 asking $2,298,000.

          1. Another flip that’s pending: 13953 Sagewood Dr, Poway, CA 92064

             08/05/2023 Listed $2,198,300
             08/02/2023 Listing Removed
             07/27/2023 Price Changed $2,398,888
             07/16/2023 Listed $2,498,888
             02/16/2022 Sold $1,710,000

             1. For north of $2 million that’s pretty meh. And for heaven’s sake, WHY do they have a half-basketball court off the end of the house, when they could have put in a full-on pool with a total party palace on the lower level?

             2. For north of $2 million that’s pretty meh.

                Precisely!

19. Chicago Group Asks Gang Members Not to Shoot People Between 9:00 a.m. and 9:00 p.m.

    AWR HAWKINS
    14 Aug 2023

    Native Sons, a group from Chicago’s Rogers Park neighborhood, is asking that gang members pledge to cease fire from 9:00 a.m. to 9:00 p.m. daily so no one lives in fear of being shot while going about their day-to-day activities.

    The push for the cease-fire is being called “The People’s Ordinance,” CWBChicago reported.

    Native Sons’ co-founder, Tatiana Atkins, said:

    https://www.breitbart.com/2nd-amendment/2023/08/14/chicago-group-asks-gang-members-not-shoot-people-between-9-00-a-m-9-00-p-m/

20. Someone should rent billboards there near the city line that say:

    Chicago’s New Rules:
    1. No head shots between 9am and 9pm.
    2. No critical mass shots allowed during school hours.
    3. Leg and buttocks shots allowed all day but please aim lower between 9 and 9.
    4. Police are swamped with cases so be respectful and pick up your shell casings.
    5. Guns are illegal.

    1. I live in Cook County and these guys can’t do head shots for the life of them. They got a pistol with a switch and a high capacity magazine, and they just fire as many shots as they can in every direction as their arms wave around in the air with the recoil. The only reason anyone dies here is because they get shot so many times they bleed out, not because any one of the shots are fatal. I saw one shooting where the guy was shot 8 times and not a single bullet was fatal, he’s back on the streets now, like nothing happened. They all ‘thank the lord for living’ when they should be thanking the lack of target skills these guys have.

       1. I live in Cook County
          My deepest and most sincere sympathy!

21. Oh dear….

    https://www.news.com.au/finance/markets/world-markets/shares-in-chinese-property-giant-country-garden-tumble/news-story/3ba029229b8fb2415a613aecffa8fe89

22. Im still pissed that Mr and Mrs Obama misrepresented that they were a straight couple, when it looks like they were 2 male homosexuals, with Michael being a tranny.
    I had the right to know what they were. Why?
    First, because of my belief that transgenders are mentally ill and have a slant on life that would be out of the ordinary.
    A homosexual couple ,where one is a transsexual would be black-mail-able also.
    And, its just a deception that means that so many other things about that couple are a deception.
    And, this very weird transgender push lately that defies logic.
    And now that there is talk about Michelle Obama running , that would be outragous if Michelle did not reveal what she is, if its true she’s a transgender. Its fraud, any way you look at it.

23. Via ZH: Trump RICO Indictment Briefly Appears On Georgia Court Docket; Fulton County posted the results of the grand jury vote before the grand jury voted

    1. To be fair, everyone already knew how they would vote.

       1. Now, they’re claiming it’s fake. I’m not sure whether to laugh or cry. My self-proclaimed Republican BIL thinks this is the case that’s finally going to sink DJT.

          1. It’s hard to watch, I didn’t realize Georgia was so far gone. Sad!

             1. Georgia

                RINO governor connected to the CCP. RINO SoS bad news too.

          2. Sorry, who is “they” and what is “fake”?

             1. they = Fulton County court
                fake = DJT indictment

             2. Trump, Giuliani, Powell, Meadows & 15 Others Indicted On 13 Counts By Atlanta Grand Jury

                Before the Grand Jury’s verdict, Reuters reported that a document was leaked earlier in the day on the Fulton County, Georgia court’s website showing former president Trump being indicted on RICO charges (among many others).

                The Georgia DA released a statement calling the document “fictitious”.

                Trump’s team (and the entire internet) mocked this farcical comment: “This was not a simple administrative mistake.”

                The Grand Jury then handed down a 98-page indictment, against the former president (the jurors’ names were unredacted)…

                …claiming that he – and 18 of his allies – orchestrated a sweeping criminal enterprise, committing more than a dozen felonies, as he tried and failed to overturn his defeat in Georgia’s 2020 election.

                Defendants include Rudy Giuliani, Mark Leadows, Sidney Powell, and John Eastman.

                The charging documents also list 30 unindicted co-conspirators.

             3. All of it is bizarre.

             4. It’s purely political.

             5. purely political.

                Ironically, it is a major case of projection.

24. ‘If the aftermath in Houston looks like other cities that are already knee deep in distress, like Chicago, landlords could be forced to hand the keys back to their lenders’

    Again, nobody is forcing. This is pure walking away on a mass scale.

25. ‘Help to Buy encouraged people to buy property they couldn’t actually afford. A lot of these people are now looking to remortgage and they are totally failing affordability test’

    Ranald is a well know far right racist stopped clock election denying antivax Putin puppet conspiracy theorist perma bear.

    ‘Since buying, they have added two cars, two kids, loans and credit cards to their lives, and on top of this the Help to Buy interest payments are kicking in’

    You only live once Ranald, you gotta roll with it.

26. The German MEP Christine Anderson❕🇪🇺 🇩🇪

    https://www.bitchute.com/video/9SSQegmXGLHZ/

    3:19.

    1. Wake up!

    2. First they came for the Communists
       And I did not speak out
       Because I was not a Communist
       Then they came for the Socialists
       And I did not speak out
       Because I was not a Socialist
       Then they came for the trade unionists
       And I did not speak out
       Because I was not a trade unionist
       Then they came for the Jews
       And I did not speak out
       Because I was not a Jew
       Then they came for me
       And there was no one left
       To speak out for me
       —Martin Niemöller

27. “I think that the most reliable international news source out there overall is now Al Jazeera” —Peter Zeihan, 14-AUG-2023, Zeihan on Geopolitics

    1. I won’t entertain the geopolitical opinions of a man whose Twitter profile picture is a Ukrainian flag tie.

       1. Even with the leniency of tenure I’m pretty sure one still has to talk the talk, and walk the walk.

28. Loved this headline:

    Not a Parody: Gov’t Employees Told To Work From Home Due to Rampant Crime Outside the Nancy Pelosi Federal Building in SF

    1. Link: https://freebeacon.com/democrats/nancy-pelosi-crime-scandal-san-francisco/

    2. Days prior, San Francisco’s tourism board launched a $6 million ad campaign to combat the public perception that the city is devolving into lawlessness and decay. Featuring images of iconic San Francisco landmarks, such as the Golden Gate Bridge, as well as vignettes of people dancing, drinking, and eating, the ad calls San Francisco “the most beautiful city in the world.”

       You can fool some of the people some of the time, but… 🙂

29. Is it time for, “The Big Short: The Sequel”?

    1. ‘The Big Short’ Michael Burry makes big bet against the market
       Burry’s Scion Asset Management put $1.6 billion to work betting against the stock market.
       Tony Owusu
       5 hours ago

       Michael Burry was immortalized in the film “The Big Short” for calling out the impending housing crisis that nearly crippled the global economy and making a bunch of money in the process.

       His name has reached legendary status, so when he makes big moves — especially big moves that bet against the market — people sit up and pay attention.

       On Monday it was revealed that Burry held bearish bets against the S&P 500 and Nasdaq, according to securities filings released Monday, to the tune of over a billion dollars.

       Burry and his Scion Asset Management fund bought put options (contracts giving the option to sell at a certain price) with a value of $886 million against the SPDR S&P 500 ETF Trust which tracks the S&P 500. Scion also bought put options totaling $739 million against against the Invesco QQQ Trust ETF QQQ that tracks the Nasdaq 100.

       The $1.6 billion Scion spent betting against the market represents 93% of the fund’s entire portfolio.
       …
       https://www.thestreet.com/investing/the-big-short-michael-burry-makes-big-bet-against-the-market

30. I guarantee you’ll want to watch this: Ep. 16 RFK Jr. explains Ukraine, bio-labs, and who killed his uncle (1h21m4s). I’m only at 38m59s and my mind is blown about the anthrax connection to the passage of the Patriot Act.

    1. Mind blown again at 51m45s.

Comments are closed.