thehousingbubble@gmail.com
Blog

We Have People Who Are Overextending Themselves And They Can No Longer Use Their House As An ATM

A report from KTVQ in Montana. “The once-unsure market appears to be stabilizing. Prices are trending downward, which will be a positive for potential buyers. ‘We’re very close to what we were in 2022,’ said Nicole Morrow, who is a realtor at 2Morrows Real Estate brokered by eXp Realty in the Billings area. ‘The housing market is not crashing. If anything it’s very vibrant and it’s very active, especially in Billings.’ According to RedFin, the average home sale price in Yellowstone County in November was $360,000, a decline from the summer high of over $400,000. ‘The prices aren’t going to fluctuate a ton like in 2020,’ said Morrow. ‘They’re going to remain about where they’re at. Maybe go down just a little bit.'”

“Monique Harasymczuk and her wife recently bought a house in November in a process that was years in the making. ‘The houses that we were looking at last year actually came down quite a bit, so then that is when we decided we might as well,’ said Harasymczuk. ‘We just decided we needed to just bite the bullet and get ourselves into a house because we were throwing money to the wind with renting.'”

The New York Post. “Joan Rivers’ iconic New York City penthouse, which she staunchly believed was haunted, has been pulled from the market after nearly three years without finding a buyer, The Post has learned. This decision follows a jaw-dropping $3.5 million price cut four months ago, signaling a struggle to entice potential purchasers into this opulent Versailles-inspired penthouse. The abode once owned by the comedic legend until her passing in 2014 was initially sold for $24 million by her estate — a considerable dip from the original $28 million asking price. Its current proprietor, Prince Muhammad bin Fahd of the Saudi royal family, son of the late King Fahd, and former governor of Saudi Arabia’s Eastern Province, attempted a resale in 2021 at a staggering $38 million.”

The San Francisco Examiner in California. “The collective worth of San Francisco homes diminished by $60 billion since the last summer. The typical San Francisco home seller in the last year, who took a loss, sold their home for about $100,000 less than what they paid for it. San Francisco home sellers are four times likelier than the average U.S. home seller to sell at a loss due to significant drops in home prices. A report from Redfin indicates that San Francisco is one of many cities where homeowners are experiencing losses when selling. Detroit, Chicago, New York, and Cleveland were all higher than the national rate of homeowners selling for a loss.”

“The slowdown has taken a toll on San Francisco condo owners the most, with the median condo value plummeting by $122,500 compared to last year. Single-family homes in the area haven’t fared much better, experiencing a decline of $81,250, marking the highest drop among the 100 largest U.S. cities. Condo prices in 37 cities are causing concern among property owners. Besides San Francisco, Henderson, NV; Oakland, CA; and New York City, NY condos faced daily depreciation of $110, $118, and $219, respectively, since September 2022, accumulating losses totaling $40,000, $43,000, and $80,000 in the mentioned areas.”

The Washington Post. “Over the past two decades, more than half of the insurance carriers that participated in the ‘takeout’ program have gone insolvent, state data shows. Florida’s insurance market is one of the worst in the nation for homeowners, according to data from the National Association of Insurance Commissioners (NAIC) obtained by The Post. Scott and Bonny Jonas, who moved from Wisconsin in 2015 to retire in Venice, are leaving the state altogether after going through Ian, and then the insurance disaster that followed.”

“In February, they found out in a single-page letter that their carrier, UPC, had gone insolvent. The now-defunct company had sent them a check for just $2,000 for their storm damage from Hurricane Ian — a tiny fraction of the $145,000 they estimated it would take to fix their house — and then never responded to another call or email. The next month, they got another letter informing them that a new insurance company named Slide had scooped them up. Their policy, and their annual premium jumped from $1,350 to $6,000 for nearly the exact same policy, according to documents viewed by The Post. The couple had been living in a 10-by-11-foot spare bedroom in their torn-apart home for three months and had already shelled out $63,000 to get repairs going. ‘We are prisoners in our own home,’ Scott said. ‘You can’t make any decisions like that; you are locked in, and to me that is wrong.'”

The Globe and Mail. “In a Canadian landscape of high-interest rates and rich house prices, mortgages from private lenders have become a lifeline for many debt-laden homeowners – and a hazard for some. Mark Morris, Toronto-based real estate lawyer with LegalClosing.ca, is seeing a steady stream of new clients struggling with borrowing costs. ‘There’s blood everywhere.’ People who borrowed against the equity in their homes to gain more spending power no longer have that option if they have stretched their debt levels or the property has fallen in value. ‘We have people who are overextending themselves and don’t have the income to match,’ says Mr. Morris. ‘And they can no longer use their house as an ATM.'”

“At his law office, Mr. Morris also sees problems arise after parents, grandparents and other family members have co-signed a loan. If the primary borrower can’t keep up the payments, the co-signer is responsible for paying off the debt. Huge numbers of people who have purchased a home or refinanced in the past few years have had family involved, he says. In the past, parents often helped their adult kids with a modest down payment. Now those down payments may be $200,000 or more and the parents are also signing on the mortgage. ‘There are generations who have roped themselves in,’ he says.”

CTV News in Canada. “Two new houses in southwest Edmonton were destroyed in a pair of suspected arsons early Friday morning. Edmonton Fire Rescue Services (EFRS) was called around 2:15 a.m. to two separate house fires along Esaiw Place near the Uplands. According to neighbours, one of the houses was still under construction and one the other was recently finished and ready for sale. Sunil Salaria has been living on Esaiw Place since August. He said he was woken up around 2:30 a.m. by the sounds of sirens. ‘It’s hard to forget what I saw in the morning,’ he said. ‘It was pretty stressful.'”

“Salaria said he saw a fire burning in the finished home down the street, and when he went outside to get a better look, he noticed the house under construction next to him also had smoke coming out. Both the houses were destroyed. Officials have not said if any other homes were damaged by the fires. Home surveillance footage shared with CTV News Edmonton shows a white car driving by one of the homes around 1:45 a.m. Shortly after, the video appears to show at least two men lighting a fire and running away. The cause of the fires is still not known, but police did confirm that both are being investigated as arson. ‘Being in a new neighbourhood, you never ever imagine it’s going to be like that,’ Salaria said.”

Voice of America. “A growing number of home buyers in China have seen their dream of moving into new homes dashed in the past year after a slew of bankrupt developers left behind millions of unfinished pre-sold properties. Many of the buyers could do nothing but vent their anger and frustration on Chinese social media platforms such as Douyin, known internationally as TikTok, over what they called ‘rotting apartments’ that represented their lifetime savings. Police are cracking down on protests. Among countless victims, a Douyin user from the Henan province in north-central China with the name, ‘The happy life in my rotting apartment,’ posted a short video clip on December 1 showing a local project where construction was halted. ‘It’s been a year, but my apartment remains unfinished. … I hope the construction of the building can be restarted soon so that I can move into my future home,’ he said in the video.”

“A victim in the Hunan province city of Changsha, identified only as Ms. Chen in a local TV news report, said in late 2022 that her family could barely make ends meet after paying the monthly mortgage of $700 (5,000 yuan). ‘If my unfinished property keeps rotting, I personally won’t have the courage to go on living,’ said Chen.”

South China Morning Post. “After searching for about two years, Lucas Huang, 28, a Shanghai-based banking industry worker, bought a foreclosed home as his first property in the city’s Pudong district. Huang was happy to pay 3.6 million yuan (US$500,000) for the 100-square-metre house in December, as this was much cheaper than the average 5 million yuan price tag for a property of the same size in a nearby neighbourhood. ‘It is a good buy, I don’t intend to resell it,’ Huang said. ‘Buying a foreclosed home is more cost-effective, especially as it is much cheaper than a new home or regular second-hand home.'”

“Foreclosed homes – properties that have been recalled by lenders and resold to the public after their owners failed to repay loans – usually sell for below market value. Discounts on a foreclosed property can be as large as 20 per cent to 30 per cent on occasion, according to market data. The lifting of the mainland’s zero-Covid rules earlier this year triggered a surge in the supply of such properties after delayed lawsuits during the three years of the pandemic caused a backlog.”

“Nationwide, almost a quarter of a million foreclosed properties were put up for sale in November, twice the amount in October and up 177.35 per cent from same period last year, according to the Hanhai Data Research Institute, a Beijing-based firm that focuses on such properties. As the supply has soared, the prices have been plunging. In tier-one cities like Beijing, the average selling price of a foreclosed home was 52,600 yuan per square metre in November, down 3.13 per cent compared with the previous month and 10.39 per cent from a year ago. The discounts were as much as 16.24 per cent versus regular (non-foreclosed) lived-in homes, which went for 62,800 yuan per sq m on average, Hanhai’s data showed.”

“In Shanghai, the prices have come down a lot in the last couple of years. Huang recalled that the prices of some foreclosed homes were equal to or even higher than second-hand homes late in 2021. Investors have seen a contraction in their returns as China’s housing market has stuttered, according to Ma Hengheng, a professional working in the foreclosed property market. ‘Investors dare not buy now,’ said Ma. ‘The whole transaction period is longer in a slowing market. One possibility is they may find market prices are lower next year after buying this year … and the costs may be higher than what they can earn. I used to buy foreclosed homes as a way of profit-taking, which earned me several hundred thousand yuan every time. But now I’m afraid of purchasing them [as an investment], because you never know if home prices will continue to fall. Reselling will be harder.'”

Related Posts
This Post Has 84 Comments

  2. ‘We just decided we needed to just bite the bullet and get ourselves into a house because we were throwing money to the wind with renting’

    ‘Joan Rivers’ iconic New York City penthouse, which she staunchly believed was haunted, has been pulled from the market after nearly three years without finding a buyer, The Post has learned. This decision follows a jaw-dropping $3.5 million price cut four months ago, signaling a struggle to entice potential purchasers into this opulent Versailles-inspired penthouse. The abode once owned by the comedic legend until her passing in 2014 was initially sold for $24 million by her estate — a considerable dip from the original $28 million asking price. Its current proprietor, Prince Muhammad bin Fahd of the Saudi royal family, son of the late King Fahd, and former governor of Saudi Arabia’s Eastern Province, attempted a resale in 2021 at a staggering $38 million.

    ‘After searching for about two years, Lucas Huang, 28, a Shanghai-based banking industry worker, bought a foreclosed home as his first property in the city’s Pudong district. Huang was happy to pay 3.6 million yuan (US$500,000) for the 100-square-metre house in December’

    Bravo Monique, Muhammad, Lucas, the market needs knife catchers.

    1. “We just decided we needed to just bite the bullet and get ourselves into a house because we were throwing money to the wind with renting.’”

      Take that statement and compare it to this one..

      “The typical San Francisco home seller in the last year, who took a loss, sold their home for about $100,000 less than what they paid for it.”

      Now, who’s throwing their money away?

  3. ‘There’s blood everywhere.’ People who borrowed against the equity in their homes to gain more spending power no longer have that option if they have stretched their debt levels or the property has fallen in value. ’We have people who are overextending themselves and don’t have the income to match,’ says Mr. Morris. ‘And they can no longer use their house as an ATM’

    Wa happened to my sound lending mark?

  5. ‘San Francisco is one of many cities where homeowners are experiencing losses when selling. Detroit, Chicago, New York, and Cleveland were all higher than the national rate of homeowners selling for a loss’

    How the bay aryans have fallen. Right there with Detroit.

  6. ‘The now-defunct company had sent them a check for just $2,000 for their storm damage from Hurricane Ian — a tiny fraction of the $145,000 they estimated it would take to fix their house — and then never responded to another call or email. The next month, they got another letter informing them that a new insurance company named Slide had scooped them up. Their policy, and their annual premium jumped from $1,350 to $6,000 for nearly the exact same policy, according to documents viewed by The Post. The couple had been living in a 10-by-11-foot spare bedroom in their torn-apart home for three months and had already shelled out $63,000 to get repairs going. ‘We are prisoners in our own home’

    Lots of tales of woe in this article. Florida is fooked.

  7. “The collective worth of San Francisco homes diminished by $60 billion since the last summer.”

    That’s a big negative wealth effect, almost as large as the $68 billion budget deficit for the entire state.

    “The typical San Francisco home seller in the last year, who took a loss, sold their home for about $100,000 less than what they paid for it. San Francisco home sellers are four times likelier than the average U.S. home seller to sell at a loss due to significant drops in home prices.”

    I guess real estate isn’t always going up any more in San Francisco?

      1. From the article: “It was a journey for the committee towards what could represent a significant enough investment in families to put them on this path to economic well-being“

        From the comments, @stretch777 said: “Well, another more realistic journey would be stay in school, get a good education, avoid committing criminal acts, be responsible, get a job,…”

        Well said, stretch777.

    2. Yahoo
      Moneywise
      ‘Severe revenue decline’: California faces a record $68 billion deficit — here’s what is eating away at the Golden State’s coffers
      Bethan Moorcraft
      December 22, 2023·5 min read

      California is facing a record $68 billion budget deficit.

      This is largely attributed to a “severe revenue decline,” according to the state’s Legislative Analyst’s Office (LAO).

      While it’s not the largest deficit the state has ever faced as a percentage of overall spending, it’s the largest in terms of real dollars — and could have a big impact on California taxpayers in the coming years.

      Here’s what has eaten into the Golden State’s coffers.

      Unprecedented drop in revenue

      California is dealing with a revenue shortfall partly due to a delay in 2022-2023 tax collection. The IRS postponed 2022 tax payment deadlines for individuals and businesses in 55 of the 58 California counties to provide relief after a series of natural weather disasters, including severe winter storms, flooding, landslides and mudslides.

      Tax payments were originally postponed until Oct. 16, 2023, but hours before the deadline they were further postponed until Nov. 16, 2023. In line with the federal action, California also extended its due date for state tax returns to the same date.

      These delays meant California had to adopt its 2023-24 budget before collections began, “without a clear picture of the impact of recent economic weakness on state revenues,” according to the LAO.

      Total income tax collections were down 25% in 2022-23, according to the LAO — a decline compared to those seen during the Great Recession and dot-com bust.
      …
      https://finance.yahoo.com/news/severe-revenue-decline-california-faces-133000258.html

      1. Unfortunately Mr bear because of climate change and a sharp increase in menu prices at the French laundry we will have to increase your taxes 25% .

  8. “The collective worth of San Francisco homes diminished by $60 billion since the last summer.

    Sow, reap, Bitchez!

  9. “The slowdown has taken a toll on San Francisco condo owners the most, with the median condo value plummeting by $122,500 compared to last year.

    But…but…muh generational wealth-building!

  10. If the primary borrower can’t keep up the payments, the co-signer is responsible for paying off the debt.

    Gosh, I fear this could make for some contentious holiday gatherings for years to come.

  11. Many of the buyers could do nothing but vent their anger and frustration on Chinese social media platforms such as Douyin, known internationally as TikTok, over what they called ‘rotting apartments’ that represented their lifetime savings.

    When housing losses we must eat
    Let us stamp our little feet!

  12. An Irvine man bilked more than 50 investors out of $26.4 million with phony academic credentials, a fanciful rags-to-riches story and a promise to usher in “the next age of humanity” with cutting-edge nanotechnologies that could cure cancer, detect counterfeiting and provide an antidote to snake venom, according to federal regulators.

    Faiz M. Chowdhury, 54, who owns Irvine-based DTI Holdings Inc. and Quantum Age Corp., swindled venture capitalists in the U.S. and Asia by falsely claiming to be a Massachusetts Institute of Technology-trained physicist and intellectual prodigy, states a U.S. Securities Exchange Commission lawsuit filed in federal court.

    From May 2018 to December 2022, Chowdhury treated DTI and QAC accounts as his “personal piggy bank,” the SEC said. He allegedly spent investment funds totaling $19.8 million to support an extravagant lifestyle that included international travel, gambling, luxury items for himself and his family, ATM cash withdrawals and wire transfers to various entities he controlled.

    Remaining investments totaling $6.6 million funded rent, payroll, equipment, insurance, and other expenses for Chowdhury’s two companies, according to the lawsuit filed in September.
    Chowdhury, who has dual U.S.-Bangladesh citizenship, said in a phone interview he is “tormented” by the false SEC allegations and blames the misunderstanding on a disgruntled investor with a vendetta.

    “There is a lot of wrong information in the complaint that will get disproved very soon in court,” he said. “We are real and are developing products that are going to market. My vision is to create a hunger and pollution-free world. That doesn’t happen overnight.”

    Chowdhury said he came to the U.S. in 1997 to attend UC Berkeley, where he received a bachelor’s degree in electrical engineering and computer science. He added that while he doesn’t have a doctorate from MIT he has received a management certification from the prestigious university.

    Chowdhury described himself as a visionary in the mold of Martin Luther King Jr., saying he dreams of using technology to provide equality for the Earth’s population by addressing poverty, hunger and pollution.

    “I have been trying to do good things for good people,” he said. “I am doing everything I can to bring products to the marketplace that improve quality of life. I am a servant of humanity.”

    https://www.msn.com/en-us/money/markets/phony-mit-physicist-bilked-investors-out-of-24-6-million-with-irvine-tech-firm-sec-alleges/ar-AA1mdWQQ

  13. Canada does seem to have lots of New-house fires….That ,and Hockey games ,are about the only way they’re allowed to express their anger issues, except for the 3 million plus new residents they’ve taken in the past several years ,from who knows where , they tend to use swords and such stuff, to diss others…..that can’t end well

  14. Huang was happy to pay 3.6 million yuan (US$500,000) for the 100-square-metre house in December, as this was much cheaper than the average 5 million yuan price tag for a property of the same size in a nearby neighbourhood.

    Remember, Huang, it’s the second mouse that gets the cheese.

  15. E.J. Dionne informs the ungrateful poors that the chocolate ration has been increased from 20g to 15g.

    Washington Post (via Archive) — Why 2024’s vibes are so perplexing: ‘Everybody thinks they’re losing’ (12/31/2023):

    “The economic numbers tell us the president should be in a happy place. In its recovery from the pandemic-induced recession, the United States has outpaced its competitors. Gross domestic product grew at an astonishing annual rate of 4.9 percent in the third quarter of 2023.

    Inflation was tamed without any sign of a widely predicted recession. Unemployment is at 3.7 percent, and real incomes are 2.7 percent above their January 2021 levels, meaning wage increases are outpacing price increases. If someone had shown you these numbers on the day Biden was inaugurated, you might have predicted he would be cruising into a Ronald Reagan-style “Morning in America” reelection campaign.

    Explaining why he’s not has spawned a growing subspecialty in the world of commentary — and a new word: “vibecession.” Coined by economics educator Kyla Scanlon, it refers to how people feel the country is in recession despite all that good data.

    Democratic pollster Guy Molyneux captured the mood. “Everybody thinks they’re losing,” he told me.

    The far right presents a particular challenge to progressives. “By their nature, progressives always criticize the status quo and stress the need for change,” Molyneux said. “But we are in a moment when our core democratic institutions are under assault. If we want change in the long run, we first have to restore confidence in the ability of our institutions to work.”

    https://archive.ph/M6cO4

    Restore confidence?

    The 2020 election was stolen. And they’re stealing the 2024 election now without even trying to hide it.

    1. “Inflation was tamed without any sign of a widely predicted recession.”

      A BigLie ™ is one thing, but even Goebbels might have hesitated at such naked absurdity.

      “a new word: “vibecession.” Coined by economics educator Kyla Scanlon, it refers to how people feel the country is in recession despite all that good data.”

      Well, I guess Professor Scanlon has the next Nobel in the bag.

      1. “vibecession.”

        So, paying more for just about everything, while your wages are not even close to keeping pace, is just a vibe.

        And a lot of Californian fast food workers whose minimum wage was bumped to $20/hr are already finding themselves in the unemployment line. Forget El Pollo Loco, now it’s El Pollo Desempleado.

      1. Maybe they think they don’t have t worry about the election, so they can tell the America people : “eff you!”

    3. But we are in a moment when our core democratic institutions are under assault.

      Our “core democratic institutions” aren’t under assault. They’ve been captured and subverted by Democrat-Bolsheviks imposing a globalist agenda.

  16. New York Times (via Archive) — The Problem of Misinformation in an Era Without Trust (12/31/2023):

    “The election of Donald Trump in 2016 spawned a steady supply of books about misinformation and disinformation, though there is a critical distinction between the two. “Misinformation” is false information that people sincerely believe and unwittingly spread; “disinformation,” which comes from what the Soviets called dezinformatsiya, is deliberate deception.

    “On Disinformation: How to Fight for Truth and Protect Democracy,” a new book by Lee McIntyre, captures some of the current alarm. His book is a pocket-size polemic warning of “truth killers” running “a coordinated campaign” intended “to spread disinformation out to the masses — in order to foment doubt, division and distrust — and create an army of deniers.” McIntyre, a philosopher and research fellow at Boston University, points to conspiratorial falsehoods about Covid vaccines and the 2020 election. It’s not that accurate information about the vaccines and the election was unavailable — it’s that it was competing against a fire hose of falsehoods made infinitely easier to disseminate on social media and the internet.”

    An army of Deniers? Jeff, we’re an army now.

    “But as Thomas Rid explains in “Active Measures: The Secret History of Disinformation and Political Warfare” (2020), the panicked attention Americans have paid to disinformation since 2016 is perhaps an overcorrection, a belated response to a phenomenon that they had been underestimating before.

    Rid is scholarly and exacting; while unsparing in his depiction of how disinformation operations can slowly erode open societies, he says that the internet has actually made such campaigns “harder to control, harder to steer and harder to isolate engineered effects.” McIntyre, by contrast, adopts a more simplistic approach, treating the internet as a disinformation force multiplier. He favors more regulation of social media platforms, brushing aside First Amendment concerns: The spread of “bad speech,” he says, is like yelling “Fire!” in a crowded theater.

    For instance, nearly 40 percent of Americans consider the fact that Joe Biden is the legitimate winner of the 2020 election to be fake news.

    At the same time, some critics have argued that the war on disinformation is being most fervently waged by those who have something to gain from positioning themselves as the rightful guardians of truth. In a cover story for Harper’s Magazine in 2021, the BuzzFeed reporter Joseph Bernstein (now a reporter for The Times) wrote about what he calls “Big Disinfo”: an industrial complex of think tanks, media companies and academic centers that emerged during the Trump years to study the effects of disinformation. These institutions present themselves as providing an essential service to an impressionable public — sorting good information from bad.”

    https://archive.is/lJq7c

    The 2020 election was stolen.

    1. Right on cue, globalist scum media flagships like the NYT are doubling down on labeling any Non-Narrative Compliant truth-tellers as purveyors of “misinformation.” The DHS’s first attempt at standing up an Orwellian Ministry of Truth was a debacle, but the globalist sociopaths can’t abide free-thinking gadflies calling them out on their lies and propaganda, and so the establishment of a Ministry of Truth weaponized against political dissidents is a Biden regime imperative. Forward, Soviet!

      https://www.youtube.com/watch?v=rZTiMPt-Jqk&t=108s

  17. Is this one of the clearest examples of Ukraine’s infamous barrier troops killing their own?

    ⚡️🇷🇺Watch drone footage of Ukrainian barrier troops shooting at retreating fighters

    📹 A Ukrainian barrier unit has shot at a group of retreating fighters from the Ukrainian Armed Forces, a source familiar with the situation told Sputnik, providing a video taken by a drone to confirm this.

    “The Ukrainian Armed Forces are using the tactics of anti-retreat forces, and with them they are trying to hold back mobilized and territorial defense forces unwilling to die at the positions,” the source said.

    https://www.bitchute.com/video/mSn1YqnArSVJ/

    2:12.

    1. They’ve been shooting their own guys for over a year.

      CNN
      As 2023 draws to a close, Putin wants the world to think he is winning

      https://www.msn.com/en-us/news/world/as-2023-draws-to-a-close-putin-wants-the-world-to-think-he-is-winning/ar-AA1mgcRS

      The globalist scum media thinks they can use narratives instead of facts. This war is the most photographed in history. And those videos come out day after day and no one can deny the dancing cowgirl is a murderous loser, and with the neocons (who have never won a single war) got hundreds of thousands killed for nothing.

    2. … mister Ben, sorry, I didn’t know you were financed by putin’s kgb , like your guru trumpik, I wish you more money with your kgb propaganda…

      1. I don’t get money from anybody. I am always against the neocons. They lost in Vietnam, Iraq, Libya, Afghanistan, and now Ukrainistan. I support anybody who fights the globalist scum. Who do you support? Bug eaters who want to control our every move?

        1. The DNC is using its huge kickbacks from Ukraine to fund a troll army to sing the praises of the Dear Leader Brandon and spew globalist propaganda & DNC talking points. Looks like one of them just self-identified.

  18. Democrat Party is the Groomer Party (it’s illegal to say the word Groomer in Canada).

    HuffPaint —

    “Health care bans have created a divided legal landscape for trans Americans, where some can easily access care, and others face sometimes insurmountable financial and geographical barriers to care, which most major medical associations have deemed necessary and lifesaving.

    Jasmine Beach-Ferrara, the executive director of the Campaign for Southern Equality, said that the bans have had an especially devastating impact in the South. “The vast majority of transgender youth in the South now live in a state where parts of gender-affirming care have been made illegal,” she said, estimating that around 90% of trans youth live in a block of states, from Texas to North Carolina, where care is banned. She suspects that the last two, South Carolina and Virginia, will also put access to gender-affirming care on the chopping block in 2024.

    To date, a third of trans youth, or around 105,000 kids, now live in states that bar them from accessing puberty blockers or hormone replacement therapy to alleviate gender dysphoria. Some states have also barred trans adults who use Medicaid from accessing care. In Florida, adult patients are saddled with new requirements to see physicians in person and obtain psychological evaluations prior to starting hormone therapy, which makes care next to impossible in a state already facing a doctor shortage.”

    https://www.huffpost.com/entry/rise-in-anti-trans-laws-usa-2023_n_657b84ede4b0e142c0bcfe9f

    JFK put a man on the moon.

    Obama Biden Democrat Party put grown men in little girls’ bathrooms. Democrat Party is Groomer Party.

    1. estimating that around 90% of trans youth live in a block of states, from Texas to North Carolina”

      What is it the water down there ? Who writes this crap

  19. Propaganda and Lies from The Atlantic.

    Suddenly, Trump Is Interested in Democracy (12/29/2023):

    “Trump lost the 2020 presidential election. He plotted to overturn that election, first by fraud, then by violence. His scheme to cheat Joe Biden out of the presidency amounted to the single most spectacular effort to defy the will of the voters since the slave states started a civil war rather than accept Abraham Lincoln’s election.”

    David Frum, you are a LIAR.

    “Trump’s actions appear both criminal and anti-constitutional. For the alleged crimes, he’s been indicted by both state and federal prosecutors. For the constitutional offense, he now faces disqualification from the ballot in a growing number of states.

    A key provision of the suddenly famous Section 3 of the Fourteenth Amendment is that it applies only to those who previously swore an oath of office. It’s not a general punishment for revolts against legal authority. It is a highly targeted penalty applied to those who—like Trump—try to play the system both ways, swearing to execute the laws and then rebelling against the laws they swore to enforce.

    Maybe prudence genuinely does recommend leaving Trump’s disgraced name on primary and general-election ballots. But remember that old joke about the man who murdered both of his parents and then asked for mercy as an orphan? It needs to be replaced by a new joke about the ex-president who trashed democracy when he had the power, and then pleaded for the protection of democracy so he could have one more chance to trash democracy again.”

    https://archive.is/HN6hg

    The 2020 election was stolen.

    Joe Biden is not, and will never be, the legitimately elected president of the United States.

    There never was 81 million votes, there was 81 million ballots, millions of which were “cast” by non existent voters in the greatest coordinated and deliberate election fraud in this country’s history.

    1. There never was 81 million votes, there was 81 million ballots, millions of which were “cast” by non existent voters in the greatest coordinated and deliberate election fraud in this country’s history.”

      And it worked what if they try it again ? Not a fun thing to think about .

  20. Federal income taxes.

    Russia Today — US could be drawn into Ukraine conflict – Biden (12/30/2023):

    “In a statement on Friday, Biden condemned Russia’s latest missile barrage on the neighboring country, calling it a “brutal attack” and claiming that Moscow wants to “obliterate Ukraine and subjugate its people.” The Russian Defense Ministry had earlier said its forces conducted 50 “group” strikes and a single “massive” barrage in recent days, successfully hitting military infrastructure and troop positions.

    Against this backdrop, the US president said that “the stakes of this fight extend far beyond Ukraine” and affect the security of both NATO and Europe. “When dictators and autocrats are allowed to run roughshod in Europe, the risk rises that the United States gets pulled in directly. And the consequences reverberate around the world,” he added.

    Reiterating that the US “cannot let Ukraine down,” he urged Congress to approve his supplemental funding request, which includes more than $60 billion for the embattled country.”

    https://www.rt.com/news/589924-us-drawn-ukraine-conflict-biden/

    Pulled in directly?

    You may have #Noticed that Zelensky is not a Christian. Nor are the majority of the Unelected Occupant’s cabinet and national security advisers. Profiting from war isn’t Christian. Money changing, money lending, usury, central banking, and fiat money printing are not Christian.

    Better get right with the Lord, because 2024 is gonna get really, really bad…

    1. Related website and film.

      “At age 18, Barack Obama admittedly arrived at Occidental College a committed revolutionary Marxist. What was the source of Obama’s foundation in Marxism? Throughout his 2008 Presidential campaign and term in office, questions have been raised regarding Barack Obama’s family background, economic philosophy, and fundamental political ideology. Dreams from My Real Father is the alternative Barack Obama “autobiography,” offering a divergent theory of what may have shaped our 44th President’s life and politics.

      In Dreams from My Real Father, Barack Obama is portrayed by a voiceover actor who chronicles Barack Obama’s life journey in socialism, from birth through his election to the Presidency. The film begins by presenting the case that Barack Obama’s real father was Frank Marshall Davis, a Communist Party USA propagandist who likely shaped Obama’s world view during his formative years. Barack Obama sold himself to America as the multi-cultural ideal, a man who stood above politics. Was the goat herding Kenyan father only a fairy tale to obscure a Marxist agenda, irreconcilable with American values?”

      https://www.obamasrealfather.com/

    2. he urged Congress to approve his supplemental funding request

      I thought all Joetato has to do to get that funding is to stop the invasion at our southern border, yet he refuses to do so.

  21. “Huge numbers of people who have purchased a home or refinanced in the past few years have had family involved, he says. In the past, parents often helped their adult kids with a modest down payment.”

    My policy? Love your kids like nothing else…..but never, ever co-sign a loan for them! That ain’t love, just pure codependent stupidity!

    1. I’m guessing that most of the parents who co-signed for their kids drank the REIC Kool-Aid that housing only goes up. I suspect 2024 will be the year that millions of former sheeple are going to be permanently inoculated against ever again trusting the globalist scum media, the “analysts” who shilled for the REIC, or the feckless policymakers who set them up for the slaughter.

    2. Here is something never talked about…….when you sign over your house to your kids they had better be financially responsible…..if they get into trouble and have to file BK well they still own a share in the house that has to be decided in court. That was made very clear to us 25 years ago when our parents did that just in case they had a long term illness, ran out of insurance and needed medicaid….

  22. 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.

    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

    Democrat Party is the Medical Genocide Party ☠️

    1. From search results for “2020 riot compilation”

      All BLM Riot/Violence FOOTAGE Compilation (Aug. 23rd, 2020) 15m26s:

      https://www.bitchute.com/video/jqXbyWuPjavm/

      With a note from the video publisher:

      “I get tired of doing this; but I guarantee YouTube and other Big Tech Companies will start “Disapearing” Footage at some point in the next year (just like they did with early 2016 Footage); so it’s EXTREMELY important to compile and archive everything on Alt Tech like Bitchute and Brighteon.”

      2. The BLM-Antifa rent-a-mobs stopped showing up when they stopped getting paid to show up. Now that creatures like Shaun King have slipped the leash and have bitten the hand that feeds them by coming out in support of Hamas, they are getting deplatformed and cut off from financial support. Looks like the globalists need to impose tighter control over their unhinged leftist Red Guards and Mostly Peaceful Protesters.

        1. The BLM-Antifa rent-a-mobs stopped showing up when they stopped getting paid to show up.

          I remember the steady stream of buses pulling into downtown Dumver to riot, and how after a few days they reboarded their buses, and were gone.

          Looks like the globalists need to impose tighter control over their unhinged leftist Red Guards and Mostly Peaceful Protesters.

          They’ll just recruit new ones, from the tsunami of invaders. “If you do your job right you can keep their houses”

    1. “I don’t want to exist n the same country with these people.”

      Geez.

      Unfortunately we already exist in the same country with those people.

  31. New COVID Strain Will Cause Global ‘Heart Failure Pandemic’, Claim ‘Experts’

    by Jamie White
    December 31st 2023

    Scientists are warning that a new COVID variant will cause a global “heart failure pandemic.”

    Many are skeptical of the claim, believing it to be a COVID vaccine injury coverup.

    An outbreak of the JN.1 COVID strain, a mild subvariant of Omicron, has prompted healthcare facilities in Democrat-controlled areas to reimpose mask mandates.

    But many are skeptical of the report’s claim, asserting it’s simply a coverup of the myocarditis and other cardiovascular issues caused by the COVID vaccine.

    “Step 1: Terrify the world Step 2: Use that fear to force the world to inject a drug that permanently cripples their heart. Step 3: Introduce a new fear that explains why everyone’s hearts are shutting down. For improved results, repeat step 2 over and over,” one user said.

    https://www.infowars.com/

    1. Many are skeptical of the claim, believing it to be a COVID vaccine injury coverup.

      So, 2024 is when “died of suddenly” goes into overdrive? It will make the Great Replacement so much easier to implement.

  32. ‘a tiny fraction of the $145,000 they estimated it would take to fix their house — and then never responded to another call or email. The next month, they got another letter informing them that a new insurance company named Slide had scooped them up. Their policy, and their annual premium jumped from $1,350 to $6,000 for nearly the exact same policy, according to documents viewed by The Post. The couple had been living in a 10-by-11-foot spare bedroom in their torn-apart home for three months and had already shelled out $63,000 to get repairs going. ‘We are prisoners in our own home,’ Scott said. ‘You can’t make any decisions like that; you are locked in, and to me that is wrong’

    That’s a lot of sux fer you Scott, but it’s still cheaper than renting.

  33. ‘In the past, parents often helped their adult kids with a modest down payment. Now those down payments may be $200,000 or more and the parents are also signing on the mortgage. ‘There are generations who have roped themselves in,’

    This is notable as the K-dn media has gone on year after year about the shack loan of mom and dad. It was rocket fuel baby!

    via GIPHY

  34. ‘It’s hard to forget what I saw in the morning,’ he said. ‘It was pretty stressful’

    Eventually somebody is gonna get killed in one of these things.

  35. ‘Among countless victims, a Douyin user from the Henan province in north-central China with the name, ‘The happy life in my rotting apartment,’ posted a short video clip on December 1 showing a local project where construction was halted. ‘It’s been a year, but my apartment remains unfinished. … I hope the construction of the building can be restarted soon so that I can move into my future home,’ he said in the video’

    You know The happy life in my rotting apartment, that’s kinda long. Can I call you Mister Fooked? Great.

    On behalf of the HBB let get wish you a happy new year Mister Fooked!

  37. It was a given that they would try to cover up the heart injuries from vaccines by saying it was a Covid strain.
    But, this doesn’t explain why the unvaccinated aren’t getting these injuries.
    Doesn’t explain why they aren’t getting these problems in Countries that didn’t take the Western fake vaccine.
    Science has become a joke.

    1. It was a given that they would try to cover up the heart injuries from vaccines by saying it was a Covid strain.

      Pretty clever of them too, because those who have been boosted, especially repeatedly, will catch COVID, again, so when the myocarditis takes them down, the media will be able to say “See? We were right. Now go get the latest booster.”

      Remember, the evil have no shame.

Comments are closed.