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There Is Clear Oversupply And Lower Prices Are In Store

A report from the Ahwatukee Foothills News in Arizona. “While the market will stabilize, it’s expected to remain challenging. The Cromford Report – a leading analyst leading analyst of the Valley housing market – said last week, ‘We are seeing gradual improvement in the demand trend, and supply has finally stopped increasing in most areas, which is what we expect to see once Thanksgiving is over.’ And it noted that while only Goodyear among 17 Valley cities had market conditions favorable to sellers, the other 16 still were still deteriorating for sellers. It said buyers in Queen Creek, Goodyear and Maricopa had a particularly strong advantage.”

McClatchy Washington Bureau. “The housing market in California and elsewhere could use the boost. Sales statewide dropped slightly in October from September and were down 11.9% from a year earlier. But Jennifer Branchini, a Bay area Realtor and president of the California Association of Realtors, saw potential for better times. ‘Despite rates remaining elevated, many other factors have swung in favor of buyers recently including more properties staying on the market longer before selling and fewer homes selling over list price, which could motivate more sellers to offer concessions,’ she said in a statement.”

NBC Bay Area in California. “There are some new problems involving a property company that’s already linked to several multi-million-dollar business scandals in the Bay Area. Z&L Properties now appears poised to default on a huge luxury condo project in downtown San Jose called 188 West Saint James Towers. The luxury condo project was once touted as an example of the city’s prospering downtown. According to the Homeowners Association Board, the Foster City-based developer is facing foreclosure for failing to pay years of monthly homeowners dues of $600 to $800 on more than 200 empty unsold units. San Jose resident Jennifer said to save their homes, they held a special election to remove the two Z&L board members who were refusing to pay up.”

“‘A building if this size takes money to run, right? Even if we’re just talking about electricity and water,’ she said. ‘So, my concerns are that we’re not going to be able to make those payments with the money that is coming in from the residents that do live here.’ But some tower condo owners say they can’t afford to just wait. NBC Bay Area could not reach Z&L for comment. In fact, their phones and email access have been disconnected. At this point, residents may not get their answers except in a courtroom.”

The San Diego Reader in California. “Twenty-five-year-old Morgan Kean wanted to live downtown because ‘it’s where all the action is.’ When she made the decision to move to East Village near 14th and J, she was aware that the area had some issues with homelessness and crime. Kean says there’s a general sense of chaos in the East Village — it’s not clear who’s in charge of doing what. ‘I see safety patrol officers and don’t really know what their roles are. I’ve asked for help, and they’re like, ‘That’s not in our jurisdiction.’ Really?'”

“Vlad Slavskii, an employee at Jai Jus, expresses both frustration with and compassion for the homeless. Sometimes they’re harmless, he concedes, but he’s also had merchandise stolen and seen psychiatric meltdowns, ‘which scare the customers.’ One woman took a dog bowl, which was set outside the store for the convenience of customers’ dogs, and threw it against the door. ‘She was banging her head on the door like she was in crisis,’ he says. I ask him if the recently imposed anti-camping ordinance has helped alleviate the problem. ‘The ban didn’t help,’ he says. ‘It just moved the people around the streets, from one side to the other.'”

From DS News. “‘Despite high-cost headwinds, buyers have a few things to be thankful for in today’s market,’ said Skylar Olsen, Chief Economist at Zillow. ‘Home prices are cooling down faster than normal as new listings from existing owners and total inventory slowly recover. Mortgage rates are still above 7%, but price cuts are surprisingly common.’ The Zillow Home Value Index declined 0.4% from October to November, falling slightly faster than what was previously considered ‘normal’ for this time of year. The largest annual drops were in New Orleans (-8.9%), Austin, Texas (-8.2%), and San Antonio (-3%), with those last two metros serving as examples of how a surge in new construction is helping rebalance markets.”

“Sellers are responding to affordability challenges by cutting list prices. The share of listings that saw a price cut in November is unseasonably high at 22.6%—even more so than October’s rate of 25%. Agents are updating pricing strategies as persistently high mortgage rates weigh on homebuyers. Moving into winter, there’s a good chance homebuyers will have more wiggle room in negotiations. Price cuts are most common in Tampa (33%), Indianapolis (31.7%), Salt Lake City (30.8%), and Nashville (30.5%).”

The Commercial Observer. “It hasn’t been an easy year for New York City commercial real estate. ‘The office market has been really robust in certain sectors, and that has been at the expense of the bottom third of the market, which is just not functioning at all,’ said Mark Weiss, an office leasing broker at Cushman & Wakefield. ‘It doesn’t matter if the bottom portion of the market has a 20 or 30 percent vacancy rate. If they can’t perform and stay solvent, people will not stay in those buildings or go to those buildings.'”

“Similarly, there were only 13 multifamily trades, totaling $797 million, in the third quarter of this year, down from 42 sales for $2.7 billion during the same period last year. Fundamentally, many commercial landlords are overleveraged, or have loans coming due and are unable to refinance their properties with interest rates floating between 7 and 8 percent. ‘A lot of folks and owners want to sell but they can’t, because their exit strategy doesn’t take them out of their [financial] obligations,’ said Adelaide Polsinelli, an investment sales broker at Compass. ‘The options become slim. Do you hand back the keys or hope that the market turns in the next two, three, five years?'”

The Globe and Mail. “After a lacklustre fall in Toronto-area real estate, a few determined home buyers are willing to spar with competing bidders as 2023 draws to a close. Some buyers keep an eye on properties they like, says Elli Davis, real estate agent with Sotheby’s International Realty Canada, and submit an offer with the hope that the seller is eager to land a deal before year-end. If a house has been sitting for longer than 90 days, buyers have more negotiating power, she adds. Some house hunters also lob in a lowball offer to test the seller’s appetite for negotiation. Ms. Davis also receives constant queries from agents representing buyers who try to pry out the lowest number a seller will accept. In mid-town, Ms. Davis drew two offers for a detached four-bedroom house after trimming the asking price to $2.495-million from $2.685-million. Ms. Davis listed the house in early November, then cut the price two weeks later. The house sold slightly below asking, she says.”

“And while she has had a few deals which came together quickly in recent weeks, some properties are not moving, says Ms. Davis, who has had several of her listings since the summer. ‘A seller has to be realistic now,’ she says. ‘If the offers are coming in much, much lower, the buyers think that’s what the house is worth.’ She’s advising homeowners who want to sell to take reasonable offers now or be willing to hold the property for two or three years.”

The Toronto Sun in Canada. “The Toronto real estate market has stalled as sellers are unmotivated to drop prices. One downtown home is getting attention for its price — and not in a good way. The listing for the eight-foot-wide house at 383 Shuter St. was recently suspended, but realtor Natalie Costello shared a video tour of multi-storied home and said in the comments that it will be ‘back on the market’ soon. ‘Exploring the wonders of Toronto’s 8-foot-wide gem!’ Costello captioned the video. ‘Despite its narrow width, this space feels surprisingly open and full of unique possibilities,’ she continued. ‘From open staircases to bright windows, it’s not your typical cramped space. For under a million bucks in the city, this is a steal! It’s not like a bowling alley feel like I thought it was gonna be.’ She did admit that she hit her head as she walked up one staircase, but ultimately called it a ‘pretty great space.'”

“While many thought it was a cool space and agreed with Costello on the design, others were incensed by what the buyer gets for the nearly $1-million price tag. ‘Let’s stop normalizing this type of shoebox living,’ one person commented. ‘Each room is literally on a different floor.’ Another added: ‘I’m not about to be claustrophobic in my own house.’ A second person added: ‘R.I.P. the home owners knees after about 5 years…’ Ravi Chandler likened Costello to a used car salesman in his repost of the video. ‘Toronto has lost its f***ing mind,’ he ranted. ‘And for a realtor to say this 8 foot wide property feel quite large, and very open is disingenuous and snakeskin oil salesman-like.’ Chandler did ask the one question many wanted the answer to: ‘How does one even move furniture into and out of this place with those narrow stairs?'”

Estonian Public Broadcasting. “Buyer shortage has seen developers rent out new apartments in bulk, which has created oversupply on the rental market. This is causing rent prices for newer and more expensive apartments to come down. While the flats on the top floors of ITM Grupp’s Harkuranna Torn development have largely been sold, the lower stories of the 14-floor building remain vacant. Real estate agent Nikita Mostepanov said that sales are not going well. ‘It is slow going today with the Euribor rate where it is. People are rather waiting to see what the future will bring. I don’t think we’ll see improvement this year. Perhaps next spring. There is little in the way of sales right now,’ he shared. This is why the developer has instead decided to furnish and rent out some of the apartments at the Harkuranna Torn.”

“But such practices have driven up the number of available rental spaces in Tallinn. ‘We might see 10-20, even 60 apartments come up for rent in some areas, which correlates to how many flats have not been sold in a given area,’ said Risto Vähi, analyst for real estate agents Uus Maa. This has in turn affected rent prices in the capital. Vähi said that a lot of new rental space hitting the market will inevitably bring prices down and give those looking for a place to live the upper hand in negotiations. ‘The price is coming down everywhere,’ he said.”

“Karin Noppel-Kokkerov, head of the City24 real estate classifieds portal suggested that prices are coming down in the more expensive end of the market. ‘Prices tend to be headed down. While the average price is up 1 percent in Lasnamäe, there is clear oversupply and lower prices are in store in the more expensive end of the market in Tallinn.'”

From 7 News. “What’s it like owning a home in Australia? For one couple, the dream of owning a home has been nothing short of a nightmare. The Australian pair purchased their first property in the suburbs — but quickly discovered that life as homeowners was not what they had expected. Their plight was revealed after Sydney friends Alex Hourigan and Sally McMullen asked everyday Aussies to share their worst investments of 2023, on their podcast Two Broke Chicks. One follower responded to the call out, to dish the things no one tells you when buying a house. ‘Buying a house was a bad investment. My partner and I couldn’t afford a house close to the city so we bought way out in the suburbs,’ she explained.”

“But with the crippling cost of living and rising interest rates, the couple is now struggling to keep up with the mortgage. ‘I just had to start a second job due to the rising interest rates and needing to afford mortgage payments,’ the woman said. ‘House maintenance is expensive… No more calling up your landlord, that’s your problem now.’ To make matters worse, the pair realised the commute to and from work was taking a huge toll on their lives. ‘Getting into the city is expensive,’ she said. ‘The commute takes about two to three hours a day… Travel is not looking like a viable option.'”

“Her story sparked a heated debate among Australians — with many saying they couldn’t agree more with her regret. ‘Honestly owning a house has been the worst thing for my mental health,’ one shared. ‘Prior to buying I had money for anything, constantly travelled, shopping sprees and a brand new car. I was not under any financial pressure whatsoever. Since buying however so much of my money goes on the house. I’ve done some renovations which has been upwards of $60,000. I used to dream of having $30,000 to blow on a trip overseas. I know it’s like, ‘Boohoo you own a house… privileged people problems’. But honestly wish I waited until I was older to buy, spending my early 20s being responsible and putting majority of my money I work so hard for into the house has been depressing. I miss being reckless and carefree.'”

From Semafor. “China’s internet regulator is cracking down on ‘pessimistic’ content that paints a bleak picture of the economy, the latest move by Beijing to control the digital narrative. The updates to China’s content moderation campaign – named – or ‘clear and bright’ in Mandarin – homes in on short-form video platforms like Douyin, which have become the epicenter for sociocultural debate in China. With youth unemployment widespread amid a slowing economy, the watchdog also said it would remove videos that promote ‘the wrong career values’ as the country struggles to rebound from the pandemic.”

“Censors this year silenced two ‘mortgage slaves’ who captivated social media with their economic woes. Liang Liang and Li Jun became internet sensations in 2022, with the husband and wife team sharing their love story on platforms such as Weibo and Bilibili, and documenting their excitement at buying their first home. But their dream soured after a Chinese real estate developer collapsed, leaving construction on their apartment unfinished and the couple on the hook for mortgage payments. When they went to update followers about their situation, their accounts were quickly blocked. The case sparked a viral conversation about how President Xi Jinping’s ‘Chinese dream’ is now unattainable for many hard-working couples. ‘Liang Liang and Li Jun are just the tip of the iceberg,’ one Weibo user wrote.”

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This Post Has 102 Comments

  1. ‘The Cromford Report – a leading analyst leading analyst of the Valley housing market – said last week, ‘We are seeing gradual improvement in the demand trend, and supply has finally stopped increasing in most areas, which is what we expect to see once Thanksgiving is over.’ And it noted that while only Goodyear among 17 Valley cities had market conditions favorable to sellers, the other 16 still were still deteriorating for sellers. It said buyers in Queen Creek, Goodyear and Maricopa had a particularly strong advantage’

    This was a strange report from the Cromford girls. No BS spin from Tina, no sunny glasses. I guess it’s turned to sh$t in Phoenix.

  2. ‘he’s also had merchandise stolen and seen psychiatric meltdowns, ‘which scare the customers.’ One woman took a dog bowl, which was set outside the store for the convenience of customers’ dogs, and threw it against the door. ‘She was banging her head on the door like she was in crisis’

    Other than that Vlad, how’s the weather?

    1. “psychiatric meltdowns”

      Methamphetamine psychosis?

      Once you witness it, you can’t not notice tweakers and tweaker behavior. It’s everywhere in Denver.

      1. I’m curious about the new surge of invaders occurring there. I have seen videos of the gates wide open and stats of 50k being ‘dropped off’ in San Diego recently. Do you notice it yet in Poway or does Poway still feel like a protected bubble? I’m wondering if they are really being moved along to other places or if they are starting to stick around. Flop houses are nothing new to SD, they have existed all over the county for decades. This is not conjecture, I have have seen many myself from the inside.

        What does the current ‘climate’ feel like? IMO this is a whole new level of invasion and I don’t think it is the kind of ‘action’ Morgan from the article is expecting to see. These numbers are big enough to actually take over downtown if they were so inclined.

        1. I don’t notice it here in Poway/Rancho Bernardo/Carmel Mountain or in Hillcrest or La Jolla during my myriad of recent doctor visits, but my husband’s office is in El Cajon and the homeless problem there is horrendous.

  3. “While the market will stabilize, it’s expected to remain challenging.

    You keep using that word “stabilize,” REIC shills. I don’t think that word means what you think it means. (H/T to Montoya in “Princess Bride)

  4. But Jennifer Branchini, a Bay area Realtor and president of the California Association of Realtors, saw potential for better times.

    Jennifer is a realtor. Realtors are liars. Ergo, Jennifer is lying when when she trots out Happy Talk to lure the gullible & stupid into Always Be Closing.

    1. Amish elders need to intervene with their youth who have let the Rumspringa hijinks get out of hand.

    2. “intolerable public safety crisis that overwhelmingly impacts minority communities.”

      \\

      – Wrong. It’s not just “minority communities,” it’s whole friggin’ Blue cities and states. Get a grip! Get a clue! Satanic Leftist policies are working as intended. What’s the matter? Don’t you like hell on earth? Well, you voted for it!

      “The government you elect is the government you deserve.”
      ― Thomas Jefferson

      “Democracy is the theory that the common people know what they want, and deserve to get it good and hard.” – H.L. Mencken

      – U.S.A. is supposed to be a Constitutional Republic. Close enough.

      “As democracy is perfected, the office of the president represents, more and more closely, the inner soul of the people. We move toward a lofty ideal. On some great and glorious day, the plain folks of the land will reach their heart’s desire at last, and the White House will be adorned by a downright moron.” – H.L. Mencken

      – Hunter Biden: “The acorn doesn’t fall too far from the tree.”

      – Elections have consequences. Even when 81 million votes appeared like magic. Harry Potter or election fraud? It’s a mystery.

      \\

      https://www.westernjournal.com/rogers-hamilton-right-people-government-deserve/
      Rogers: Hamilton Was Right, ‘People Get the Government They Deserve’
      By Adrian Rogers August 14, 2018 at 3:24pm

      “Righteousness exalteth a nation: but sin is a reproach to any people.” – Proverbs 14:34

      “America’s only hope is found in this verse. Our nation had a godly founding. It has had a glorious past. But if the Lord tarries, what kind of nation will our children inherit?”

      “Alexander Hamilton said, “People get the government they deserve.” If we want to know what’s wrong with our nation, we need to look in the mirror. Something has happened in America since 1776.”

      “It appears that most Americans believe the economy is the top issue. But I had rather leave my children and grandchildren the legacy of a godly nation than great wealth to be squandered in a godless society. No, righteousness is our greatest need.”

      “You cannot have true liberty without true righteousness, men and women living responsibly under God as citizens of both His kingdom and this great country. Righteousness and liberty are inextricably interwoven.”

      \\

      7 “They sow the wind
      and reap the whirlwind.
      The stalk has no head;
      it will produce no flour.
      Were it to yield grain,
      foreigners would swallow it up.

      8 Israel is swallowed up;
      now she is among the nations
      like something no one wants.

      9 For they have gone up to Assyria
      like a wild donkey wandering alone.
      Ephraim has sold herself to lovers. – Hosea 8:7-9, NIV

      \\

      – Have a nice day. “Merry Christmas Ya Filthy Animal” 😉

      1. Righteousness and liberty are inextricably interwoven.

        +1000. Too often, people confuse libertarianism with libertinism.

    3. Yet we all know that members of “minority communities” are the ones committing most (all?) of those crimes. Does the NAACP have anything to say about that?

  7. “Twenty-five-year-old Morgan Kean wanted to live downtown because ‘it’s where all the action is.’

    Morgan’s soap-bubble la-la land might not survive contact with vibrant cultural enrichment.

  8. Price cuts are most common in Tampa (33%), Indianapolis (31.7%), Salt Lake City (30.8%), and Nashville (30.5%).”

    Is that a lot?

  9. Fundamentally, many commercial landlords are overleveraged, or have loans coming due and are unable to refinance their properties with interest rates floating between 7 and 8 percent.

    I’m no economics major like AOC, but to this lowbrow on the HBB, that sounds like a non-viable business model.

  10. She’s advising homeowners who want to sell to take reasonable offers now or be willing to hold the property for two or three years.”

    We need a new reality show called “FBs who took ‘advice’ from realtors.” It would be comedy gold.

    1. How well did that “hold for two or three years” work for those needing to sell in ‘07 or ‘08? Do realtors even study historical trends? If they did they’d now that the housing cycle peak to peak took a lot longer than a couple of years. Realtors should be advising to take your haircut now, because today’s haircut is next year’s a$$ pounding!

  13. Has the Fed flipped from “higher for longer” to “lower much sooner”?

    What did the tea leaves reveal to them that led to the abrupt shift?

    1. Fed holds rates steady as inflation eases, forecasts 3 cuts in 2024
      Paul Davidson
      Charisse Jones
      Bailey Schulz
      Medora Lee
      Daniel de Visé
      USA TODAY

      WASHINGTON – The Federal Reserve left its key short-term interest rate unchanged again Wednesday, hinted that rate hikes are likely over and forecast three cuts next year amid falling inflation and a cooling economy.

      That’s more rate cuts than many economists expected.
      …
      https://www.usatoday.com/story/money/2023/12/13/fed-interest-rate-hike-live-updates/71896343007/

      1. Cut away. Three cuts saves nobody. Unless we go back to ZIRP, which ain’t gonna happen anytime soon, everything still collapses.

        2. Don’t tell Wall Street’s society of degenerate gamblers, who have bid stocks further up into the stratosphere with each passing moment since the Fed’s pivot announcement.

          It’s beginning to look a lot like October 1929.

          1. since the Fed’s pivot announcement

            Until there’s an actual cut, there is no pivot. Powell is getting ahead of the Iowa caucuses.

          2. My 22 year old great grandparents got married in August of 1929. The optimism is takes to do that! Sure, there are black clouds on the horizon. But they look far away. But it comes sooner than you realize.

            We are in August 1929, most still think the crash is coming but off in the distance. And it some ways it is.

            I think the crash is still a ways off. The professional class these days are all job hopping among $100k+ a year jobs like it’s nothing and employers don’t feel any reservations about it.

            It’s coming, hugely, but not for a little while longer.

            I on the other hand got married during the Great Recession.

          3. The professional class these days are all job hopping among $100k+ a year jobs like it’s nothing

            I know more than a few people in that category who have been unemployed for months.

    2. “higher for longer” to “lower much sooner”?

      Slightly lower after much much higher is still “higher for longer.”

      1. “The veteran economist has been warning for years that stocks will crash and a recession will hit.”

        There are two times a day when a stopped clock is right.

  15. NPR — Migrant surge, homelessness testing Denver’s new mayor (12/14/2023):

    “At a mid-November community meeting in a rec center gym the mood was tense, as neighbors expressed their concerns about his plans to house hundreds of people in hotels in this neighborhood.

    “Adding 550 unhoused people into one district, where you can’t even get a cop to come out to your house, is very concerning for a single person,” one resident said.

    “In this situation, trust has yet to be earned,” someone else added. “I want to know how these sites will be managed.”

    Johnston has pledged to move 1,000 people out of sidewalk encampments and into supervised hotels and tiny home villages by year’s end. It’s a way to address the growing public health crisis, especially as winter sets in, and also answer the torrent of complaints he gets from housed residents about people living outside.

    While most agree something needs to be done, Johnston’s gotten plenty of criticism at meetings like these. He’s been making the rounds to sell his plan.”

    https://www.npr.org/2023/12/14/1218766530/migrant-surge-homelessness-testing-denvers-new-mayor

    2. “Adding 550 unhoused people into one district, where you can’t even get a cop to come out to your house, is very concerning for a single person,” one resident said.

      Time to arm yourself, “one resident”, and get a concealed carry permit, because as you just admitted the cops won’t save you from the Nuevos Americanos. But the “Make My Day” law is still on your side.

  16. New York Times (via Archive) — Ireland Thought It Was Immune to the Far Right. It Was Wrong (12/14/2023):

    “Aoife Gallagher, a Dublin-based senior analyst at the Institute for Strategic Dialogue who focuses on far-right extremism, disinformation and conspiracy theories, told me that “the number of channels and chat groups on Telegram associated with the Irish misinformation and disinformation ecosystem increased by 326 percent since 2020.”

    https://archive.is/f23fT

    Give Ireland back to the Irish.

    1. Give Ireland back to the Irish.

      No one is going to give it back to them. Certainly not their gay Indian Prime Minister.

      They will have to take it back.

  17. https://instapundit.com/
    December 14, 2023

    MERRY CHRISTMAS FROM BIDEN’S AMERICA:

    Jill Biden releases a new White House Christmas video

    What do you think of the performance? pic.twitter.com/y7pklOuL5M

    — TheBlaze (@theblaze) December 14, 2023

    Wow.😕 The Biden reign feels like Hunger Games, now it looks like it.

    — Deplorablistic (@burrengrl) December 14, 2023

    Posted at 9:29 am by Glenn Reynolds

    1. That was cringey! WT flower!!! I haven’t seen any of the movies but remember comments about Biden’s inauguration also looking like Hunger Games.

      1. I read the books, but never saw the movies. From what I recall from the book was that the capital was utterly opulent and decadent, as well as oblivious to the suffering the rest of the country endured.

        I think what they were going for was an “African-American Nutcracker”, though it fell flat on its face. I couldn’t watch it to even the midpoint.

        1. “I couldn’t watch it to even the midpoint.”

          Just saw a female Santa Claus on TV with turquoise hair working in a Seattle retail store. Poor kidz!

  18. ‘Let’s stop normalizing this type of shoebox living,’ one person commented. ‘Each room is literally on a different floor.’

    Seriously. The only sane response to such a mania is to wait on the sidelines for true price discovery to overtake these unsustainable central banker asset bubbles.

  19. ‘Honestly owning a house has been the worst thing for my mental health,’ one shared.

    If it’s any consolation, reading your self-inflicted tale of woe was the best thing for my mental health. It validated my decision to rent rather than buy an insanely overvalued shack and live my life as an anxious, depressed debt donkey.

  20. “China’s internet regulator is cracking down on ‘pessimistic’ content that paints a bleak picture of the economy, the latest move by Beijing to control the digital narrative.

    So here’s a cheerful alternative: gleeful, pop-corn munching renters note how much fake value created by fake money is melting away from China’s property bubble, and note the booming demand for cardboard box makers as FBs have to GTFO of their foreclosed skyboxes. They take wagers on the extent of the cratering – 50%? 75%? The thought of all those deep discounts could Shirley bring a smile to the face of even the most jaded renter.

  21. No evidence of election/voter fraud. 🙄

    Heartland/Rasmussen Poll: One-in-Five Mail-In Voters Admit to Committing at Least One Kind of Voter Fraud During 2020 Election

    17% of mail-in voters admit that in 2020 they voted in a state where they are “no longer a permanent resident”

    21% of mail-in voters admitted that they filled out a ballot for a friend or family member

    17% of mail-in voters said they signed a ballot for a friend or family member “with or without his or her permission”

    8% of likely voters say they were offered “pay” or a “reward” for voting in 2020

    Taken together, the results of these survey questions appear to show that voter fraud was widespread in the 2020 election, especially among those who cast mail-in ballots.

    2. I’d be surprised in Murdoch News Network (AKA Fox News) is reporting this. The Murdochs are foreign globalist Trump-haters.

  22. 179 Countries agreed in 1997 to take away Representative Government, and start implementing the 2021 UN Sustainable Earth Agenda.
    It was basically a blueprint to alter the World with a One World Order dictorship and control of all resources and consumption .
    Global Emergencies like Covid 19, and Climate Change are claimed to be grounds for the UN 2030 Sustainable Earth Agenda, which is a extention of 2021 UN Sustainable earth agenda, but even more extreme.
    All these Countries by TREATY are in process of transferring power to UN, NATO and WHO to dictate to these Countries a One World Order dictorship.
    The solutions to Covid19 were a attack on humanity.
    Climate Change Solutions are equally fraudulent calling for zero co2 emissions by 2050, that they now want to speed up.
    They are censoring any dispute to the Climate Change Emergency or the insane solutions, just as they did with the Covid 19 fraudulent solutions.
    It’s a pre-planned take over of World by Monopoly Corporations, Rich Elites, Banks etc, in collusion with UN, NATO, WHO, which are corrupt and infiltrated unelected Organizations.
    The goal is to enslave humanity, control all resources and consumption , and force solutions to emergencies declared that are a fraud and would create death and destruction globally, as Covid fake solutions did.
    The people never voted for this One World Order now called UN 2030 Sustainable Earth power grab to have all Soverign States and constitutions superceded by UN, NATO, WHO dictates.
    And the voters didn’t vote for Monopoly Corp, Rich Elites, Banks, Big Pharmacy etc. ,to have a partnership with governments in a
    Fascist overthrown of Representative government.
    And as Klaus Schwab said, “who controlled technology will control the world.” So, they plan for technology , AI and Robots to control the World.
    They don’t say technology will improve human existence. They plan to replace 50% of human jobs by AI and robots in next 10 years, without replacement jobs.
    One World Order vision for future is just a forced program on humanity that declares, you , will own nothing, eat bugs, live in 15 MINUTE CITY center prisons, and Banks will control your consumption.
    NO CARS, controlled travel, even assignment of clothes allowed yearly. I predict that would be the end of the fashion industry with subjects all wearing the same drab identical clothing.
    What are the Psychopaths of this dictorship going to do with all the useless eaters created by their take over? YOU KNOW the answer. THE 2030 UN Sustainable earth agenda, doesn’t think populations are sustainable and co2 should go to ZERO, which would kill humans, and destroy the greenery of earth.
    Are any of the solutions to anything these days not just insanity and preposterous fraud.
    Why don’t we have World War 3, being another insanity by these Powers that be.

  23. Oh my God, now the Psychopathic Cult that wants to rule World, is in summary saying that human breathing is
    contributing to co2 global warming.
    Sounds like a lead up to you have to wear masks to capture your emissions. OR even worst, who wants to volunteer to commit suicide to save the planet.
    Crops, plants, animals, humans , fuels, trees, emit co2, all targeted for reduction or elimination .
    What are these Fraudsters saying actually . Life is bad for planet earth, so let’s reduce life in all its forms to save the planet?
    It all goes back to them being depopulationist who want to genocide humans and other life forms to create their utopia.
    They actually think they can put people on a guilt trip about even breathing. .
    Your a racist, a useless eaters, a virus carrier, and a breather who emits co2, and God forbid you be a breeder.
    It’s getting more insane by the minute.

    1. now the Psychopathic Cult that wants to rule World, is in summary saying that human breathing is contributing to co2 global warming

      Remember, they consider us to be trespassers in their world.

  24. Debt Is Slavery
    December 13, 2023 at 4:09 pm
    DOW 37,000 for the first time ever on Daddy Fed talking three 0.25% rate cuts next year.

    I’m opening another CD at my credit union at 5.25% APY soon, better hurry.
    ————————————————————————————————–

    If you want it, here it is, come and get it
    But you’d better hurry ’cause it’s goin’ fast
    You’d better hurry ’cause it’s goin’ fast

    Badfinger – Come and get it (1969)

    https://youtu.be/N3TOcw7taBo?si=QCeu9gJbb0dwFKxC

  26. ‘There are some new problems involving a property company that’s already linked to several multi-million-dollar business scandals in the Bay Area. Z&L Properties now appears poised to default on a huge luxury condo project in downtown San Jose called 188 West Saint James Towers. The luxury condo project was once touted as an example of the city’s prospering downtown’

    If an enterprising reporter wants a story, looking into the percentage of these Chinese developer deals in the US that now involve criminal allegations would be interesting. I’d say bay area and NYC is a good place to start.

    ‘San Jose resident Jennifer said to save their homes, they held a special election to remove the two Z&L board members who were refusing to pay up. ‘A building if this size takes money to run, right? Even if we’re just talking about electricity and water,’ she said. ‘So, my concerns are that we’re not going to be able to make those payments with the money that is coming in from the residents that do live here’

    First of all Jen, they got 200 airboxes they can’t even sell, so yer sweet equity has died in the arse. Second, urban living is a scam devised by developers, lenders and central planners. Yer living it.

    1. “Once a condo is sold, the new owners are responsible for paying the homeowners’ dues on those purchased units. The real estate developer has managed to sell scores of condos in the western tower, county documents show. Z&L, however, is responsible for paying the homeowners’ dues on condos that have been completed but not yet sold.”

      The HOA strikes again!

  27. ‘It doesn’t matter if the bottom portion of the market has a 20 or 30 percent vacancy rate. If they can’t perform and stay solvent, people will not stay in those buildings or go to those buildings’

    So making a profit does matter.

    ‘Fundamentally, many commercial landlords are overleveraged, or have loans coming due and are unable to refinance their properties with interest rates floating between 7 and 8 percent. ‘A lot of folks and owners want to sell but they can’t, because their exit strategy doesn’t take them out of their [financial] obligations…The options become slim. Do you hand back the keys or hope that the market turns in the next two, three, five years?’

    ‘want to sell but they can’t, because their exit strategy doesn’t take them out of their financial obligations’

    Adelaide, that’s not really true. They could sell and bring a check to closing. But their skin in the game is gone so good money after bad, hello jingle mail.

    Wait, the loans, we got sound lending, how can all these rich guys just walk off?

  28. ‘submit an offer with the hope that the seller is eager to land a deal before year-end. If a house has been sitting for longer than 90 days, buyers have more negotiating power, she adds. Some house hunters also lob in a lowball offer to test the seller’s appetite for negotiation. Ms. Davis also receives constant queries from agents representing buyers who try to pry out the lowest number a seller will accept’

    That’s the spirit!

  29. Vaughan, Richmond Hill & Markham Real Estate Update – Sellers Face Difficult Choices – (Dec 6, 2023)
    Team Sessa Real Estate

    38 minutes ago

    In this episode we take a look at the current Vaughan Home Prices, Richmond Hill Home Prices & Markham Home Prices and market trends for week ending Dec 6, 2023. We also discuss the difficult choices sellers are currently facing as most homes remain unsold and sellers run out of runway.

    https://www.youtube.com/watch?v=qUrTuWMkU24

    16:32. At 1:20 ‘lowball in the sellers mind.’

  31. LILLEY UNLEASHED: Ontario joins the 21st century for booze sales
    Toronto Sun

    2 hours ago

    Sun political columnist Brian Lilley talks about how starting on January 1, 2026 beer, wine, cider, coolers, seltzers, and other low-alcohol ready-to-drink beverages will be available for purchase at all participating convenience, grocery and big box stores across Ontario.

    https://www.youtube.com/watch?v=Ow2B18BZnGo

    2:35.

    1. Working hard to solve life’s little problems.

      Never did hear how they got the evil grocery stores to charge less for food.

  32. Do you worry that the Treasury bond and stock price movement correlation may soon revert to negative, with stock prices taking the hit this time the way Treasurys did the last time it happened?

    1. Billionaire bond king Jeffrey Gundlach’s ‘fire alarm’ is going off in the economy as Treasury yields break below a key level
      Filip De Mott Dec 14, 2023, 10:11 AM PST
      DoubleLine CEO Jeffrey Gundlach speaking at the 2015 Delivering Alpha event.
      David A. Grogan/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images

      – The 10-year Treasury yield plunged below 4% on Thursday after the Fed signaled rate cuts in 2024.

      – That represents a “fire alarm” for Jeffrey Gundlach, who sees a recession coming next year.

      – The bond investor expects the 10-year rate to fall into the “low threes” sometime in 2024.
      …
      https://markets.businessinsider.com/news/bonds/jeffrey-gundlach-economic-recession-outlook-fire-alarm-treasury-bond-yields-2023-12

    2. A mild recession will send stocks 14% lower in early 2024, but it will set up a buying opportunity before a rally in the 2nd half, Evercore equity strategist says
      Jennifer Sor
      Dec 12, 2023, 6:50 AM PST
      Stock market crash
      OsakaWayne Studios/Getty Images

      – The stock market will tumble as a mild US recession hits in early 2024, Evercore said.

      -The firm predicted the S&P 500 would tumble 14% in the first quarter next year.

      – That drop could present the perfect buying opportunity for investors ahead of rally later in the year.
      …

      1. “That drop could present the perfect buying opportunity for investors ahead of rally later in the year.”

        Every drop in the stock market is a perfect opportunity for dips to buy.

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