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Struggling Homeowners Are Being Forced To Sell Properties They Bought Only Two Years Ago

A report from the Tampa Bay Times. “Last month, a federal jury in Missouri found that the National Association of Realtors and several large brokerages had conspired in a price fixing scheme that inflated the commissions agents earned from each sale. The suit centered around the group’s rules for commission sharing. ‘The home sellers in this lawsuit said ‘you are forcing us to pay these artificially high fees because you have all the power,’ said Lei Wedge, a professor of finance at the University of South Florida’s Muma College of Business. ‘All Realtors look on the MLS for the listings. Most of the time, Realtors will only show homes that pay that 6% commission.'”

“Now that one of the National Association of Realtors’ rules has been deemed anti-competitive, it could lead to further scrutiny of the organization’s business practices. ‘People are going to look more closely at what real estate agents do and what their value is,’ said CB Williams, broker and owner of People’s Choice Realty Services LLC in Tampa. ‘The truth is, most people don’t want to be a part of (the association) but it’s forced on them.’ He noted that agents have to pay dues if they want access to crucial tools such as the MLS and a so-called digital master key that’s used to unlock homes before each showing.”

“If the group loses its power as a gatekeeper, it could lead more people to forgo using a real estate agent, said Lei. ‘Buyers and sellers can now connect more easily through the help of the internet,’ she said. ‘It’s like what happened with the old industry of travel agents. Now everyone just goes to Expedia or Travelocity.'”

The San Gabriel Valley Tribune. “Throw a steel lockbox in any direction at the Anaheim Convention Center last week and you were sure to hit a Realtor with an opinion about ‘the verdict.’ ‘The amount of the verdict was outrageous,’ Larry Hurley, an Arlington, Texas, broker, said before a case name was even mentioned. ‘It’s a bogus claim,’ added Yorba Linda broker George Castillo. ‘There’s no collusion,’ said Hawaii broker Kelly Liberatore. ‘I don’t think the judge understood.’ ‘It was top of mind for everybody at the conference,’ said Art Carter, chief executive for the California Regional Multiple Listing Service.”

“‘It will probably change the way real estate is done nationally,’ said Erin Merritt, an agent with Realty One Group in Reno. ‘If the buyers have to pay their own commission, it will lower their buying power.’ ‘We’ve used Realtors. They perform a useful service,’ said Stephen Brobeck, a senior fellow at the Consumer Federation of America who has supported commission reform for decades. But, he said, ‘(the service) is overpriced.’ The size of the jury verdict ‘was huge,’ Brobeck added. ‘So, the jury was very convinced that the industry … has engaged in a conspiracy to set prices.'”

“One conference speaker, real estate trainer Lynn Madison of Schaumburg, Ill., said allegations of steering played a big role in the verdict and similar lawsuits pending against NAR. ‘(There) was evidence that there were agents who would call a listing office, and when the listing office said we’re not paying buyer-brokerage (commissions) or we’re only paying four cents and a chicken, the buyer’s agent said, ‘Well, I’ll just tell my buyer it sold,’ Madison said.”

The Dallas Morning News in Texas. “The housing market in McKinney, similar to national trends, has seen a significant dip in affordable entry-level housing since 2011. However, McKinney-based Realtors serving the Collin County area say not to be discouraged, as the current market offers a unique opportunity for first-time buyers. ‘Despite what it looks like on the outside, this is an excellent market for buyers wanting to start their journey of home ownership,’ said Mike Danielson, a Realtor with Keller Williams in McKinney. ‘Prices are still a bit inflated from the recent COVID craziness and the 2-3% interest rates we had the past few years, but even though we are seeing higher than normal prices sticking around, with the amount of time homes are sitting on the market, it gives good Realtors a real chance at negotiating a great deal for their clients.'”

“Looking for homes that have been on the market for longer periods of time can give your Realtor the opportunity to negotiate more when it comes to seller concessions, Danielson said, noting not to be afraid to come in with a lower offer price on such homes. ‘Homes are sitting for so long nowadays, that lower offer prices are getting accepted much more frequently,’ he said.”

The Journal Sentinel in Wisconsin. “Claire Shanahan walks her dog past the vacant, boarded-up house on West Townsend Street every day. ‘It’s embarrassing,’ she said, to own a home down the block. Shanahan, 34, said she fears for her safety and the value of her home. Since VineBrook Homes Trust — a multibillion-dollar company whose executives are based in Texas — bought the house, Milwaukee building inspectors have fielded complaints of burst pipes and bullet holes. The house is one of more than 1,000 single-family homes in the Milwaukee area the company snapped up at a breakneck speed since 2019. In just three years, VineBrook quietly grew to be Milwaukee’s largest single-family landlord.”

“But as economic winds shift, VineBrook and others are retreating. VineBrook is under financial strain. In the first nine months of this year, the company lost $213.7 million, according to its filings with the Securities and Exchange Commission. This year, VineBrook also sold off about 1,500 of its approximately 25,000 homes nationwide — including more than 200 homes in the Milwaukee market — and plans to sell more next year, its third-quarter SEC filings show. Some VineBrook tenants told reporters the company has neglected maintenance at its properties. Shanahan called to complain about the vacant house down the street, but VineBrook never returned her call, she said.”

“VineBrook put the house near Shanahan’s home up for sale more than 100 days ago. A VineBrook spokesperson said in an email that the property is secured, and some repairs were made in May. The spokesperson said VineBrook has sold homes in Milwaukee for ‘many reasons,’ including to shed unwanted properties it picked up in bulk purchases.”

Blog TO in Canada. “Toronto’s housing market has fallen from its red-hot glory, with sales numbers dropping by staggering amounts, homes sitting on the market for far longer and sellers letting things go for below asking price, a far cry from the bidding wars and quick sales of yore. Along with new condo developments being put on hold while investors back out to sit on the sidelines, another concerning trend has been identified in the latest report on the city’s real estate downturn: an appallingly high number of terminated listings.”

“As Strata.ca notes in its latest newsletter, this fall has been chillier than usual in the real estate world, with 20 per cent fewer home sales in the GTA this November than the same month in 2022, and average prices for some property types (condos, in this case), down as well. It seems that more and more sellers are deciding to terminate their listings. Some are even forced to re-list at a lower price as the city moves toward a buyer’s market with a glut of options available to those with the funds.”

“‘While buyers may take advantage of cooling prices, sellers must readjust their expectations. Terminated listings continue to climb with 3,485 properties already pulled this month,’ the real estate platform notes. ‘Sellers are realizing buyers have many more listings to choose from. For instance, there are currently 9,025 condos for sale. The last time we had this much condo supply was in September 2020. As for houses, there are over 6,400 available; the highest freehold inventory in four years.'”

From Devon Live in the UK. “A South West construction company has left more than £4m in debts after going bust. Family-run Brady Construction Services Ltd owes money to more than 200 creditors across Devon and Cornwall including in Plymouth, Exeter and Torbay. The Bodmin-based firm, which also had offices in Plymouth, had been working on big projects across the region including the building of new luxury homes at the former Palace Hotel site in Torquay. It also took on the construction of two Paignton hotels after South West construction giant Midas Group Ltd ceased trading.”

“The firm – which was set up in 2012 – called a meeting of creditors earlier this month and appointed liquidators last week. Documents filed at Companies House reveal a huge trail of debts. However, the company has left an estimated £3.74m in assets, including freehold land and property worth £1.6m and £1.8m in cash. This will go a long way towards paying the debts. But it is still estimated that unsecured creditors will still end up short of close to £1m. Brady Construction Services had been working on the Palace Hotel site in Torbay on behalf of the Singapore-based Fragrance Group. That site has now been shut down and the homes remain unfinished. All have been removed from the housing market.”

The Daily Voice. “Owning a home is a huge achievement and milestone for many, but sometimes life becomes so financially challenging that one is forced to let go of the dream and the house. Research done by information provider Lightstone shows that struggling South African homeowners are being forced to sell properties they bought only two years ago. Lightstone says: ‘This suggests that many buyers took advantage of the low interest rates as the market provided relief during Covid, only to find they could not afford mortgage repayments as interest rates normalised.'”

“Successive sizable rate hikes since then have pushed prime to 11.75 in May this year. On a R2.5 million bond, the amount is nearly R8 000 up. Lightstone notes that the ‘exceptionally low interest rate environment from mid-2020 to the end of 2021 created an opportunity for new buyers to enter the market or for existing homeowners to buy up’ – but it also created the possibility of too many buyers overstretching themselves. Lightstone looked at how many buyers were selling properties within two years to measure the level of ‘distressed sales’ and compared May 2022 with May 2023 – and found that 80 percent more of those who bought in the middle of the low-interest period, May 2021, were sellers by May 2023.”

“For those who can afford to buy property, here are some tips from Renier Kriek, managing director of Sentinel Homes. Renier says: ‘Buying a property that offers good value for money is not as easy as looking at its price, and this is the first mindset shift that buyers must make: value must not be confused with price. And just because you were able to negotiate a reduction in the asking price does not make it a bargain because the price was probably inflated to begin with.'”

South China Morning Post. “Zhongzhi Enterprise Group, one of mainland China’s largest shadow banks, has warned investors that it is unable to repay its debts, setting off alarm bells in the trust sector which invests a large portion of investors’ money in real estate projects. The Beijing-based wealth management company said late on Wednesday its total liabilities had mounted to between 420 billion yuan (US$59 billion) and 460 billion yuan, while its total tangible assets stood at just 200 billion yuan, implying a shortfall of as much as 260 billion yuan.”

“‘Initial results from the due diligence exercise show that the group is severely insolvent and facing high risks of sustaining normal operations,’ Zhongzhi told investors in a letter obtained by the Post. ‘In the near term, the amount of assets that can be used to repay investors is far below the total liabilities.’ It added that the company is ‘largely out of control’ after the death of its founder Xie Zhikun in December, 2021 and subsequent resignations of several key executives. ‘A series of attempts have been made to bail the troubled company out, but they all fell short of expectations,’ the letter said. ‘We sincerely apologise to all the investors.'”

“Zhongzhi, which at its peak controlled more than 1 trillion yuan of assets, displayed first signs of financial troubles in August, when its subsidiary Zhongrong International Trust failed to repay investors who had bought its high-yielding investment products. Defaults by Zhongzhi surfaced in sync with the mainland’s intensifying property crisis which involved mainland China’s biggest developers such as China Evergrande Group and Country Garden Holdings, as real-estate sales dived and cash flows dried up. Many trust products had invested heavily in real estate projects.”

“‘The finance sector’s fortunes are closely related to the property sector due to the big developers’ high gearing ratio,’ said Ding Haifeng, a consultant at Shanghai financial advisory firm Integrity. ‘A collapse of the real estate sector will absolutely lead to a wave of bad assets in banks, trust firms and insurers.'”

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This Post Has 77 Comments

  1. ‘It’s like what happened with the old industry of travel agents. Now everyone just goes to Expedia or Travelocity’

    I’ll have a blue Christmas without you
    I’ll be so blue just thinking about you
    Decorations of red on a green Christmas tree
    Won’t be the same dear, if you’re not here with me
    And when those blue snowflakes start falling
    That’s when those blue memories start calling
    You’ll be doing all right
    With your Christmas of white
    But I’ll have a blue, blue, blue, blue Christmas
    You’ll be doing alright
    With your christmas of white
    But I’ll have a blue, blue, blue, blue Christmas
    You’ll be doing all right
    With your Christmas of white
    But I’ll have a blue, blue, blue, blue Christmas

    1. “If the group loses its power as a gatekeeper, it could lead more people to forgo using a real estate agent, said Lei. ‘Buyers and sellers can now connect more easily through the help of the internet,’ she said. ‘It’s like what happened with the old industry of travel agents. Now everyone just goes to Expedia or Travelocity.’”

      – First of all, I want to wish all of you ahead of the curve HBB bloggers a Happy Thanksgiving! May God bless America, and may America bless God!

      – One of the major problems with the U.S. economy is that there are many trusts, monopolies, and cartels stifling/choking out healthy competition. This is including, but not limited to the FIRE sector (financials, insurance, RE). Large silly-con valley corps. are another example. Food, media (MSM), higher ed. Oh, I could go on. Also too much collusion between guberment and private sector. Crony capitalism. Think command and control, centrally planned economy. State ownership or control of the means of production is Socialism/Communism pure and simple, which based on history is doomed to fail. Think former USSR. Let’s not be USSA.

      – In my view NAR is just another cartel and is one roadblock to a healthy housing market. Break it up.

      – Let’s not stop there.

      – As a disenfranchised conservative voter, we need election reforms. Enough of this banana republic stuff! This country can’t survive another term of Brandon, the Manchurian Candidate.

      – Get guberment completely out of the housing market. Close down the GSEs, HUD, etc.

      – Shrink guberment in total by 50% for starters. Let’s get back to limited guberment. Bidenomics is BS. Drain the swamp of the Deep, Administrative State of unelected bureaucrats and technocrats, 90% of which only vote D. Abolish civil service unions.

      – Close down the central bank. Javier Milei has the right idea for Argentina. He’s a trained economist and knows a thing or two about efficient economies. Let’s follow his lead.

      – This is for just starters. Have a nice Thanksgiving!

      – Bonus article. Along with the smell of roasting turkey, change is in the air.

      https://www.foxnews.com/world/anti-islam-firebrand-geert-wilders-wins-election-netherlands-dutch-donald-trump

      Hard-right firebrand Geert Wilders wins election in Netherlands: ‘Dutch Donald Trump’
      The 60-year-old politician is known for his brand of populist politics
      Bradford Betz By Bradford Betz Fox News
      Published November 22, 2023 6:29pm EST | Updated November 22, 2023 7:09pm EST

      1. The pearl-clutching & collective hysteria of the globalist scum media as voters bilge globalist stooges & replace them with populists & nationalists is reason enough to give thanks this Thanksgiving.

      2. You realize of course how many people have no practical skills, and are also unable to perform useful manual labor?

  2. ‘(There) was evidence that there were agents who would call a listing office, and when the listing office said we’re not paying buyer-brokerage (commissions) or we’re only paying four cents and a chicken, the buyer’s agent said, ‘Well, I’ll just tell my buyer it sold’

    Are you saying UHS are a lion Lynn?

    1. Right about now I’m betting that 4 cents and chicken is starting to sound like a pretty good deal. Most of these guys haven’t closed a deal this year. It’s ramen for Thanksgiving and Christmas!

      1. If you have a Koi pond on your property, you might want to install concertina wire for when starving realtors turn feral.

    1. Some social media users have also posted photos of children doing homework while receiving intravenous drips in hospital.

      Say what you will about the PRC, but at least their propaganda pushes positive values. In China, maff ain’t rayciss.

      1. I still remember videos of people in China walking down the street and supposedly doing the Wuhan Shake before dropping to the ground and flopping around like a fish. Strange how that never happened outside of China

  4. You will own nothing.

    You may eat a second bowl of bug paste today for the Holiday, but tomorrow you will once again wake up owning nothing.

      1. “You will own nothing.”

        By the grace of God, and no thanks to the WEF, we’re having a traditional Thanksgiving dinner this afternoon. While crickets and mealworms make for interesting party conversation and can get your pet lizard or a chicken pretty excited, I’m sticking with the basics. 🦃

        – BTW, I didn’t vote for the WEF. They have no power over me. “Satan get behind me.” Since they’re hot on the insectivore diet and in the spirit of reciprocity, let the WEF eat bugs. I would eat roasted crickets or mealworms, but I’m not having some lowlife WEF scum telling me to do so. Just to be clear, all true bugs are insects, but not all insects are true bugs.

    2. Let’s hoist our shots of Victory gin & celebrate our chocolate ration being raised from 30 grams to 25 grams.

  5. “If the group loses its power as a gatekeeper, it could lead more people to forgo using a real estate agent, said Lei. ‘Buyers and sellers can now connect more easily through the help of the internet,’ she said.

    You’re obsolete, my baby
    My poor old-fashioned baby
    I said, baby, baby, baby, you’re out of time
    Well, baby, baby, baby, you’re out of time
    I said, baby, baby, baby, you’re out of time
    Yes, you are left out
    Out of there without a doubt, ’cause
    Baby, baby, baby, you’re out of time

    https://www.youtube.com/watch?v=pXP1MSFwMnc

  6. ‘There’s no collusion,’ said Hawaii broker Kelly Liberatore.

    “The lady doth protest too much.” — Shakespeare

  7. VineBrook is under financial strain. In the first nine months of this year, the company lost $213.7 million, according to its filings with the Securities and Exchange Commission.

    Die, speculator scum.

  9. Terminated listings continue to climb with 3,485 properties already pulled this month,’ the real estate platform notes.

    Is that a lot?

  10. “Zhongzhi Enterprise Group, one of mainland China’s largest shadow banks, has warned investors that it is unable to repay its debts, setting off alarm bells in the trust sector which invests a large portion of investors’ money in real estate projects.

    You’d have to be a special kind of stupid to still have dinero parked with Chinese real estate companies or in the shadow banking system.

  11. Coming up on near two years since this statement, re-posting for your HBB enjoyment (12/17/2021):

    “We are looking at a winter of severe illness and death for the unvaccinated – for themselves, their families and the hospitals they’ll soon overwhelm.”

  12. ‘A collapse of the real estate sector will absolutely lead to a wave of bad assets in banks, trust firms and insurers.’”

    I sense a great disturbance in the force, as if a million Chinese bagholders cried out in terror, and were suddenly silenced by their CCP minders. And from his place of self-exile on Butthurt Island, ABQ Dan feels a growing disquiet as he ponders the sea of red that is his investment portfolio.

  13. GOEDEMORGEN from The Hague, where last night I attended the election party of outgoing VVD Prime Minister Mark Rutte and his wannabe successor Dilan Yeşilgöz. No one was in a partying mood, however, as the first exit polls came through, showing a big surprise victory for far-right candidate Geert Wilders, and an unexpectedly poor showing for the center-right VVD.

    Messenger didn’t fit the message: Yeşilgöz, a charismatic self-confessed workaholic, could have focused on economic opportunities, cost of living or housing — but decided to make the campaign all about cutting migration, even though she was herself born in Ankara. The anti-immigrant voters, perhaps unsurprisingly, decided to go for the real anti-immigrant: Wilders.

    EUROPE BEWILDERED: With almost all votes counted, the anti-Islam, Euroskeptic Wilders’ Freedom Party (PVV) is on track to win 37 of the 150 seats in the Dutch parliament — more than doubling its 2021 election showing. That’s a significantly stronger result than polls ahead of the election suggested.

    Wilders pulls off epic upset: “It is a historic result for the Netherlands, a country in which a populist radical right party never before gained more than 20 percent of the vote,” Sarah de Lange, a politics professor at the University of Amsterdam, told Playbook.

    On the ground: Just under an hour after the first exit poll dropped, Yeşilgöz came on stage to speak to her flabbergasted VVD colleagues, admitting the result was disappointing. “I think there are big lessons for politicians in this. People were not listened to enough,” she said. She ended her short speech by thanking her team and supporters, and left the stage to Dua Lipa’s Dance the Night Away — followed by Avicii’s Wake Me Up (when it’s all over).

    https://www.politico.eu/newsletter/brussels-playbook/wilders-win-sends-shudders-through-europe/

    2. “I think there are big lessons for politicians in this. People were not listened to enough,” she said.

      Globalist Quisling parties represent only their oligarch moneybags. They do not even pretend to listen to the ordinary people or respond to their concerns.

    3. Dilan Yeşilgöz

      So the Dutch legally allow the foreign born to rule them. THey don’t even have to pretend to have been born in the Netherlands

      1. Don’t throw stones, glass house dweller. As long as our unelected rulers at BlackRock are allowed to install a dementia-addled career crony capitalist and pedo to rule over us, we don’t have much standing to call out the Dutch for being such cucks.

  14. ‘The spokesperson said VineBrook has sold homes in Milwaukee for ‘many reasons,’ including to shed unwanted properties it picked up in bulk purchases’

    Bag holders. I’ve looked at these bulk deals and concluded there’s no way to examine these shacks spread out all over the country, many of them older than the Flintstones.

    1. “If you feel like they’re lying to you, they are.”

      The best description of the New York Times and Washington Post in one sentence that I’ve ever seen, LOLZ.

    2. The next 12 months are going to be “interesting”. I suspect that the orange man will be incarcerated and removed from ballots and that Gruesome will be “elected”, or perhaps a national state of emergency will be declared with elections cancelled. The Dems are not going to willingly give up power.

      1. “The Dems are not going to willingly give up power.”

        – Our Founding Fathers knew a thing or two. 2A is there for a reason.

        What country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance. Let them take arms. — Thomas Jefferson

        Those who beat their swords into plowshares usually end up plowing for those who didn’t. — Ben Franklin

        “Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote.” – Benjamin Franklin said in 1759

        Arms discourage and keep the invader and plunderer in awe, and preserve order in the world as well as property… Horrid mischief would ensue were the law-abiding deprived of the use of them. — Thomas Paine

        “A free people ought not only to be armed and disciplined, but they should have sufficient arms and ammunition to maintain a status of independence from any who might attempt to abuse them, which would include their own government.” – George Washington

  16. B.C. homeowners anxious amidst high interest rates

    Nov 22, 2023
    Canada’s new housing policies come at a time when new homeowners are preparing to renew their mortgages. In B.C., Jon Hernandez speaks to some homeowners, who talk about their anxieties heading into the new year.

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

    2:29.

    1. I’m sure the WEF and the Peronistas are making plans to destroy Milei. Also, unfortunately for Milei, the Peronistas still control the congress.

  18. Pfizer, Moderna Spend Millions on Ads Featuring Catchy Phrases and Celebrities to Push COVID Shots (11/22/2023):

    “Facing dramatic stock market declines and growing resistance to their mRNA COVID-19 vaccines, Pfizer and Moderna are running upbeat TV commercials with jingles and celebrities to push COVID-19 vaccination just in time for the holidays.

    The 30-second Pfizer commercial features a cheery, driving tune and smiling celebrities Martha Stewart, singer-songwriter John Legend, professional soccer player and progressive activist Megan Rapinoe, singer-songwriter Charlie Puth and football star Travis Kelce.

    All but Rapinoe flash Pfizer’s trademark blue band-aids on a shoulder showing they got Pfizer’s COVID-19 shot.

    “Got it,” Stewart says, as the Pfizer ad copy reads, “This season’s updated COVID-19 shots are here,” and “Ask your healthcare provider if getting your COVID shot with your flu shot is right for you.”

    “Got yours?” is the Pfizer tagline.

    The pharmaceutical trade press portrayed the ads as an attempt by Pfizer and Moderna, whose COVID-19 vaccines were injected into more than 5 billion people worldwide during the pandemic, to reverse dramatic losses in their stock prices in recent weeks.

    “With hardly any Americans signing up to receive the updated COVID-19 shot, Pfizer is pulling out all the stops to increase uptake,” said Dr. Joseph Mercola …

    doctors and scientists interviewed by The Defender were appalled that Pfizer and Moderna, and the governments and media that support them, would continue to push the mRNA COVID-19 vaccines blamed for more than 36,000 deaths reported to the U.S. government-run Vaccine Adverse Event Reporting System, or VAERS.

    A large Canadian study of 17 countries estimated the COVID-19 vaccines killed approximately 17 million people around the world.”

    https://childrenshealthdefense.org/defender/pfizer-moderna-covid-vaccine-celeb-ads/

    17 million is that a lot?

    Everyone you are having dinner with today personally knows someone who has died from these alleged vaccines.

    1. Gallup — American Public Opinion and Vaccination Requirements (9/3/2021):

      “Americans’ political identity is strongly related to their opinions about vaccine requirements, echoing similar partisan differences on such issues as vaccination hesitancy, mask requirements and the importance of COVID-19 as the nation’s top problem. Very large majorities of Democrats are in favor of each of the five vaccination requirements tested, while slightly smaller, but still substantial, majorities of Republicans are opposed to each.

      The variation across these party/vaccination status groups is extreme. For example, 96% of vaccinated Democrats favor the requirement for proof of vaccination before flying on an airplane, compared with 12% of unvaccinated Republicans. Ninety-four percent of vaccinated Democrats favor the requirement for attendance at events, compared with 9% of unvaccinated Republicans.”

      https://news.gallup.com/poll/354506/update-american-public-opinion-vaccination-requirements.aspx

    2. Knowing all those libtard celebrities are in the Pfizer Dead Pool is schadenfreude at its most sublime.

  20. The election year variant has arrived, this one intentionally formulated to target children.

    New York Times — W.H.O. Asks China for Details on Surge of Respiratory Illness in Children (11/23/2023):

    https://archive.is/jZkF9

    Washington Post — WHO asks China about clusters of respiratory disease among children (11/23/2023):

    https://archive.is/WTfZH

    Remember when immediately after Joe Rogan hosted Dr. Robert Malone on his podcast to discuss Mass Formation Psychosis, how Google altered all the search results for that phrase?

    The HBB remembers.

    They’re targeting children this time. Killing off a bunch of olds and fats wasn’t enough last time. They’re coming for the kids, because they have to.

    And it can only end with one result: communism.

    1. Dr. Robert Malone — Pandemics as a Catalyst for a New World Order (11/23/2023):

      “By globally synchronizing the public health response across the United Nations member states, new powers were granted to the UN and its organizations at the cost of national sovereignty. These universally applied regulations and multilateral agreements have given birth to an enlarged, globalized administrative state.

      Although this power grab has been percolating for many decades, the COVIDcrisis acted as an accelerant to synergize international agreements that advance the UN as a world government.

      The United Nations has morphed into a leviathan. Its various agreements and goals seek to centrally dictate the world’s economy, migration, “reproductive health”, monetary systems, digital IDs, environment, agriculture, wages, climate modifications, one world health, and other related globalist programs.

      This UN aims to regulate every dimension of our personal and national lives. It is working to reduce and eliminate national sovereignty across the world, and thereby to decrease our diversity, our traditions, our religions and our national identities.

      The UN has partnerships and strategic agreements with member nations, as well as other globalist organizations such as the Bill and Melinda Gates Foundation, the World Bank, CEPI, GAVI, The World Trade Organization, The European Union and the World Economic Forum, known as the WEF.

      The UN has been quietly building power for years prior to the pandemic through various agreements and treaties. For instance, the “2030 Agenda for Sustainable Development” is a recent example of such an agreement. Agenda 2030 is a treaty for “transforming our world” and was signed into international law in 2015. This treaty has elevated the United Nations to a position of a self-serving global government bureaucracy.

      Agenda 2030 is essentially a totalitarian socialist manifesto.

      Early in the pandemic, the UN – through its surrogate the WHO, declared that a global vaccine passport was needed, and provided extensive guidance to member nations to standardize vaccine passports worldwide.

      In response, the leaders of the G-20 issued a declaration in 2022 supporting development of a global standard of vaccination for international travel and the establishment of “global digital health networks” to be built on existing digital COVID-19 vaccine passports.

      Once international passports, central bank digital currencies, command economy aspects of the UN’s Agenda 2030, and the WHO amendments to the IHRs are put into place, the groundwork for a new world order will be complete. A global administrative state, whose core power resides with the UN, will become a spiderweb of rules, regulations, agreements and treaties within which individuals and nations will be trapped like flies.

      This new global governance will be virtually unbreakable. From there, it is only a matter of time before national sovereignty becomes obsolete. This is a reality, unless we fight to stop this madness.”

      https://rwmalonemd.substack.com/p/pandemics-as-a-catalyst-for-a-new

    2. They’re targeting children this time.

      A key component in the depopulation agenda. Dead kids do not grow up and have kids.

      And as many are saying, the next 12 months will be interesting.

  21. ‘People are going to look more closely at what real estate agents do and what their value is,’ said CB Williams, broker and owner of People’s Choice Realty Services LLC in Tampa.

    Telling convincing lies is a skillset.

  23. ‘The truth is, most people don’t want to be a part of (the association) but it’s forced on them.’

    We saw the play, Babbit, last night at the La Jolla Playhouse. The title character is a relitter who screws his customers by hiding defects in the properties he sells. At one point he is forced to join an organization or lose all his business.

    It is definitely a case where art imitates life.

    https://lajollaplayhouse.org/show/babbitt/

  24. Former U.S. troops punished for rejecting COVID “vaccination” SUE Biden for billions in lost wages

    11/22/2023 // Ethan Huff //

    A lawyer who successfully brought down the vaccine for anthrax has done it again, this time with a lawsuit against the Biden regime on behalf of former United States military servicemen who lost pay and benefits due to the government’s Wuhan coronavirus (COVID-19) “vaccine” mandate.

    https://www.naturalnews.com/2023-11-22-former-troops-sue-biden-covid-vaccine-mandate.html

    1. I refused the anthrax “vaccine” during the run-up to Desert Storm and nobody threatened me with captain’s mast, court martial or a BCD. As a matter of fact, quite a few members of my squadron refused the shot and other than some grumbling from the flight surgeon it was allowed to go under the radar until DOD decided not to force it on everyone.

      In 2022 I refused the shot so I retired early rather than being let go from my contracting job. When I left I told the service members I worked with to stand fast and refuse the shot and if they discharge you, get a lawyer. I hope they win large settlements from the government and refuse to re-enlist. I spent 16 years in the Navy but I wouldn’t give them one day of service now.

    1. “A Thanksgiving tradition: Arlo Guthrie’s “Alices Restaurant.”

      +1

      Where I come from it is.

    2. “A Thanksgiving tradition: Arlo Guthrie’s “Alices Restaurant.”

      +1

      Where I come from it is.

    1. “…to be used exclusively against whites…”

      Racism against whites is perfectly legal and officiallly condoned.

    1. “Aitana has 122,000 followers on Instagram, where her profile states she is a digital creator. An update on her story feed even shows a real-life breakfast bowl, as her creators seek to give her the illusion of a life.”

      It brings to mind how MSM journalists collude with cryptoscam currency purveyors by displaying fake images of imaginary coins with the disinformative articles they publish.

      1. It brings to mind how MSM journalists collude with cryptoscam currency purveyors by displaying fake images of imaginary coins with the disinformative articles they publish.

        I have had to explain to more than a few people that those “coins” they display in the articles are props and that there is no physical media for crypto.

  32. ‘‘Despite what it looks like on the outside, this is an excellent market for buyers wanting to start their journey of home ownership…Prices are still a bit inflated from the recent COVID craziness and the 2-3% interest rates we had the past few years, but even though we are seeing higher than normal prices sticking around, with the amount of time homes are sitting on the market, it gives good Realtors a real chance at negotiating a great deal for their clients’

    This is why you make the big bucks Mike.

  33. ‘being forced to sell properties they bought only two years ago. Lightstone says: ‘This suggests that many buyers took advantage of the low interest rates as the market provided relief during Covid, only to find they could not afford mortgage repayments as interest rates normalised’

    Sound lending during a zero interest rate regime may not be all it’s cracked up to be.

  34. ‘‘A series of attempts have been made to bail the troubled company out, but they all fell short of expectations,’ the letter said. ‘We sincerely apologise to all the investors’

    Mister Gravity wanted it more.

  35. Do you have a sneaking suspicion that
    risk assets, including stocks, houses, and commercial real estate, are all in a historic price bubble that will soon collapse and wreak havoc on the world financial system?

    2. Another question for you to ponder:

      Are the group of economists who work for the Federal Reserve at risk of running out of hand lotion?

      1. Yahoo
        Business Insider
        Stocks, houses, and commercial real estate are all expensive – and prices are under ‘notable’ pressure, Fed economists say
        Theron Mohamed
        Wed, November 22, 2023 at 2:03 PM PST·3 min read
        FILE PHOTO: Federal Reserve Board Chairman Jerome Powell speaks at his news conference following the closed two-day Federal Open Market Committee meeting in Washington, U.S., May 1, 2019. REUTERS/Yuri Gripas/File Photo
        Federal Reserve Chairman Jerome Powell.
        Reuters

        – Stocks, houses, and commercial real estate look expensive to the Fed’s economists.

        – The central bank’s staffers said valuations are stretched and under “notable” pressure.

        – They issued a positive outlook for the US economy, but flagged risks to the financial system.

        Stocks, houses, and commercial property look expensive — and there’s a significant risk their values could fall, the Federal Reserve’s economists said.

        “The staff characterized asset valuation pressures as notable. In particular, the staff noted that valuations in equities, housing, and commercial real estate were high,” read the minutes from the Fed’s meeting three weeks ago, published on Tuesday.

        Economists at the US central bank noted that both stock valuations and house prices have climbed to historic heights.

        “The forward price-to-earnings ratio for S&P 500 companies rose to the top 25% of its historical distribution,” the minutes read. “House prices increased to the upper end of their historical range, relative to fundamentals, despite tight credit conditions in the mortgage market.”

        The Fed staffers also warned that commercial-property values seemed excessive. “While CRE prices declined, valuations remained stretched, with capitalization rates remaining near historical lows,” the minutes read.
        …
        https://finance.yahoo.com/news/stocks-houses-commercial-real-estate-220306272.html

        1. “Stocks, houses, and commercial real estate look expensive to the Fed’s economists.”

          Is this supposed to be some kind of amazing revelation?

          Why even bring it up, if they are so worried about it? Aren’t they also concerned about possibly panicking the masses if word gets out?

          1. Fortune
            PERSONAL FINANCE HOUSING
            Housing math just isn’t mathing, a Fed president says, ripping into NIMBYism and homes that are ‘increasingly unattainable for too many workers’
            Tom Barkin, president of the Federal Reserve Bank of Richmond, sees math that doesn’t add up for too many—and he thinks “NIMBYism is real.”
            BY SYDNEY LAKE
            November 18, 2023 6:00 AM EST
            …
            https://fortune.com/2023/11/18/housing-market-math-nimbys-not-working-tom-barkin-richmond-fed/

        2. At least those Fed staff economists didn’t express any concerns about cryptocurrencies, as that would really be worrisome.

          1. News and Insight for the Digital Economy
            Bitcoin | On November 23, 2023
            ‘Beginning of the End’ – Crypto Bear Issues Urgent Bitcoin Warning, Says BTC Crash to $12,000 Still in the Cards
            By Mark Emem

            A widely followed cryptocurrency analyst and trader is expressing bearish sentiment on Bitcoin (BTC) following a market correction that coincided with Binance and its former CEO Changpeng Zhao pleading guilty to US federal charges.

            The analyst pseudonymously known as Capo tells his 764,900 followers on the X social media platform that the “beginning of the end” is here.
            …
            https://dailyhodl.com/2023/11/23/beginning-of-the-end-crypto-bear-issues-urgent-bitcoin-warning-says-btc-crash-to-12000-still-on-the-cards/

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