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The End Of Contentious Bidding Wars, With Sellers Often Being Forced To Accept The Only Offer On The Table

A report from the Naples Daily News in Florida. “In the aftermath of Hurricane Ian, Naples saw trophy mansions list at never-before-seen prices. In March, a sprawling waterfront estate hit the market for more than $174 million in the posh neighborhood of Port Royal. It’s still for sale. So, too are other rare luxury properties. Denny Grimes, a long-time Realtor and local real estate market expert, with Keller Williams Realty, said there’s no question the housing market has cooled since 2022, but it should come as no surprise, with the craziness it saw after the pandemic hit in 2020. ‘We were slowing to normal,’ Grimes said. ‘We were coming off a COVID market that was the best market since Noah. It couldn’t sustain itself.'”

From Fortune. “New York City’s housing market went dark in 2023 as sales slumped. The city’s residential real estate had a weak year in some respects, Frederick Warburg Peters, president emeritus of Coldwell Banker Warburg, wrote in the report. Big-ticket items including large co-ops, townhomes, and condos took more time to sell. ‘All sellers believe their property is worth more than they believe other comparable property is worth. That’s just human nature,’ Peters says. ‘Pricing aspirationally doesn’t serve sellers in this market. I wouldn’t look for big price increases as mortgage rates come down because the prices that were created in the teens or 2021 were more the result of people paying 2.5% for mortgages. Money was basically free,’ he says. ‘In 2024, buyers will still be paying double that for a mortgage. To think that it’s going to go back to where it was is unrealistic.'”

The News and Observer in North Carolina. “After two-plus years of skyrocketing prices that peaked in June 2022, the Triangle’s housing market is continuing to cool down. In Raleigh, the median home price today stands at $384,000 according to Redfin data. That’s a 6.3% drop from this time last year. The same holds true for Cary, where the median home price is $530,000, also down by 6.5%. The good news for buyers: Homes are staying on the market longer. Plus, there’s more inventory to choose from. Case in point: This week’s Price Point features homes currently listed for around $350,000 in Raleigh, Durham and Cary. All have sat on the market for over 75 days and are being marketed with price cuts of up to $15,000.”

KTVB in Idaho. “Intermountain MLS is still compiling all the stats, but if we look at the numbers through November, we get the idea. The market stayed slow. The number of homes sold is down double digits in Ada, Canyon, and Twin Falls Counties. The median price is also down in each of those counties, almost 10 percent in Canyon County. Very few experts predicted all this, but Debbi Myers, President of Boise Regional REALTORS, said we shouldn’t be shocked, ‘If you take out the COVID years, this last year was kind of right on track with where it would have been.’ While home prices are down, in the long term, they’re way up. The median sales price in 2019 in Ada County was almost $200,000 less than it is right now.”

KVUE in Texas. “Redfin says our area is seeing a cooldown it hasn’t seen in almost a decade. Not long ago, homes in Austin were flying off the market. Some never even made it there before they were sold. But a new report from Redfin shows Austin’s market has changed. Analysts say the Austin area is seeing an 8-year-high for housing inventory with the average home sitting on the market for at least two months. In 2023, about 36% of local listings saw price decreases, which is one of the highest rates in the country.”

“Real estate agent Nathan Gogo says that’s showing stabilization in a market that was once so crazy. ‘They were buying anything. And so they were buying them probably higher than they should have to, which is also why I think a lot of homes are sitting inventory,’ said Gogo. ‘So the pricing that they want is not, again, justified in this market necessarily by the time they sell it. And so they’re pricing too high.'”

The San Francisco Chronicle in California. “Real estate experts say there could be opportunities out there right now that haven’t been seen in years. In San Francisco Downtown San Francisco is absolutely a buyer’s market, said Naomi Lempert Lopez, a real estate agent with Coldwell Banker Realty. Supply is outstripping demand and that’s forcing prices down. ‘It can’t be understated how unstable the insurance piece is,’ Amanda Jones, a Compass real estate agent, said. She’s been in real estate in San Francisco for 20 years, she said, and has never before seen new buyers forced to call more than 20 insurance companies just to find a policy. ‘It makes certain properties unsellable unless it’s a cash buyer, which is sad,’ Jones said.”

The Washington Post. “As homicides and carjackings mounted in 2023 and social media depicted the nation’s capital as a hellscape, Mayor Muriel E. Bowser (D) and the D.C. Council turned away from progressive strategies meant to ease the footprint of law enforcement in the community and embraced measures that promoted more aggressive policing, prosecutions and detentions. With 40 killings per 100,000 residents in 2023, the District’s homicide rate was higher than in all but four of the nation’s 60 largest cities, surpassing Detroit and Oakland, Calif., among others. Only New Orleans, Cleveland, Baltimore and Memphis were worse. Today, Bowser said: ‘We’re talking about people with guns who have shown they are willing to use them. … I’m on the same page as Washingtonians. People just want to go about their lives and be safe and they do not want to be confronted by people with guns.'”

Bisnow Washington DC. “One of Bethesda’s most prominent office towers has sold for a fraction of its prior price after Clark Construction vacated most of its space. Stonebridge and Rockwood Capital sold the 16-story office property at 7500 Old Georgetown Road for $29.9M, roughly 22% of what they paid for it in 2019.”

Bisnow Boston in Massachusetts. “The Boston office market closed out 2023 with another steeply discounted sale. Rhino Capital Advisors LLC acquired an unoccupied 56K SF office building at 110 Canal St. on Dec. 29 for $14.6M, according to public records. The sellers, Alcion Ventures and Quaker Lane Capital, had acquired the seven-story building in 2021 for $24M, the Boston Business Journal reported. The joint venture had previously described its 2021 acquisition as being bought ‘at a discount due to pandemic distress,’ according to Quaker Lane’s website. Last year, a handful of office building sales occurred at steep discounts. In October, a downtown office building at 33-41 West St. sold for 74% less than what the previous owner paid in 2016.”

The Daily Hive in Canada. “The latter half of 2023 saw many homes in and outside of the GTA selling significantly below their asking prices, with all types of properties sitting idle on the market for long periods as prospective buyers battled out high interest rates. In some regions, the sluggish real estate market also marked the end of contentious bidding wars, with sellers often being forced to accept the only offer on the table. Take this detached home in rural Innisfil, for example, which was listed on the market for $949,000 but sold drastically below its asking price of $550,000. The two-bedroom, one-bathroom bungalow, located at 2696 9th Line W, has seen its price dwindle dramatically over the past few years. In May 2022, the same home was listed for $1.29 million — roughly $340,000 more than its asking price in 2023.”

The Evening Standard in the UK. “The scale of the cash crunch facing London’s tech sector has been laid bare after City-based unicorn Monese warned that its future was under threat unless it could raise additional funds. The fintech company, which offers current account and money transfer services and counts PayPal, HSBC and British Airways owner IAG among its major shareholders, said there was ‘material uncertainty on the success of raising future fundraising’ which undermined the ‘going concern’ status of the business. Priya Oberoi, founding general partner at Goddess Gaia Ventures, told the Standard: ‘The idea of hyper growth at all costs is something that we won’t return to. The silly money won’t exist going forward — founders and portfolio companies must demonstrate that their unit costs are down so that they can actually create a profitable company.'”

From Bloomberg. “Jitters about South Korea’s credit market extended into Tuesday, with bank and developer shares sliding and JPMorgan Chase & Co. warning of insolvency risks for financial firms and developers due to real estate exposure. Investors are on edge after builder Taeyoung Engineering & Construction last week announced plans to reschedule its debt, reigniting concerns about a 2022 credit crunch triggered by the default of a property developer on debt for project financing. Having lost roughly a third of their value in December, Taeyoung E&C’s shares jumped as much as 20% in Seoul on Tuesday. The price of its July 2024 bond recorded its biggest single-day rise since at least June 2023, according to Bloomberg-compiled data. Even so, the note was indicated at 64% of par, a level typically considered distressed.”

South China Morning Post. “Hong Kong’s home prices will drop another 10 per cent in 2024 as a looming supply glut and high interest rates continue to suppress investment sentiment even though the local stock market may rebound by midyear, according to Citigroup. Meanwhile, the supply of new flats will be high, with Citigroup expecting an average of 20,000 units to be completed in the coming two years, compared with sales of 10,000 units in 2022 and 9,000 units in the first nine months of 2023, said Ka Liu, head of investment strategy and portfolio advisory at Citibank Hong Kong. The number of mortgages for completed units dropped by 27.4 per cent month on month to 3,496 in December, marking the sixth consecutive month of decline and a new monthly low since records began in 2001, according to data released by local mortgage broker mReferral on Tuesday.”

The Guardian. “There were contrasting reactions when the US rating agency Moody’s downgraded China’s A1 credit rating outlook from stable to negative last month. Chinese state media, looking at the politics, saw red. Global Times called it ‘biased and unprofessional.’ A few days later, the Ministry of State Security issued a statement stipulating that the only purpose of ‘negative talk’ was to doubt or deny China’s socialist system, and to contain its development. The Chinese Communist party’s prickly attitude to criticism is not uncommon. It chooses instead to propagate a narrative of continuous success in which its own role is pivotal. It recognises that China confronts big challenges nowadays, but attributes them to low confidence, thinks they are fleeting, and says they’ll be resolved in 2024.”

“The reality, though, is that systemic problems have over the years become features in China’s $19 trillion economy. The real estate market has tipped over after an almost unbroken 20-year boom, which the government itself encouraged. At about a quarter of GDP, housing now faces years of shrinkage as it adjusts to chronic oversupply and lower household formation. Property developers, local governments and state enterprises have high levels of debt and many face debt service difficulties.”

“Those expecting meaningful macroeconomic stimulus and reforms will continue to be disappointed. There will be some tax cuts and fee reductions for businesses and more support for the beleaguered housing market but only to stabilise the economy. Monetary and credit policies will remain ‘prudent.’ There is no suggestion that the government will adopt serious measures to boost consumer demand and household incomes. It is reported to have decided instead to ‘strengthen economic propaganda and public opinion guidance, and promote a positive narrative of China’s economy.’ In other words, cheerleading.”

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This Post Has 53 Comments

  1. ‘sold the 16-story office property at 7500 Old Georgetown Road for $29.9M, roughly 22% of what they paid for it in 2019’

    How do those 5% cap rates look now?

    BTW, the blog software isn’t letting tags stick, so I’ll reboot and try again in an hour or so.

    2. Bethesda is ground zero for entitled rich limousine liberals who think they are “just as effective” working from home. This particular building is 340000 sq ft and practically on top of the Metro station. $30M seems like a pretty good price. The place was bought by In-Rel, a development firm in South Florida. I wish them luck with it.

    1. Migrants Protest at Capitol and City Hall, Demanding Work and Stop to Encampment Sweep (1/2/2023):

      “On January 1, dozens of migrants marched to the State Capitol to ask for help, including safe camping zones and temporary work permits. They’ll be back at the Denver City and County Building at 5 p.m. today, to demand that the city cancel the sweep it has planned for the encampment at 26th and Zuni tomorrow, January 3, where hundreds of migrants now live after being timed out of hotel stays at the nearby Quality Inn.

      Over the past year, Denver has seen more than 35,000 migrants come to the city, and Johnston has joined with mayors of other major cities to ask the federal government for help.”

      https://www.westword.com/news/photos-migrants-protest-at-colorado-capitol-denver-city-hall-18726821

      1. A bunch of African migrants got dropped off at one of the local Wal-Marts in Colorado Springs (which recently went blue). They were aggressively accosting Wal-Mart shoppers of the melanin-deficient variety and demanding to be paid to carry their groceries to their vehicles. I’m sure that’s going to endear them to local residents, including those who voted for open borders and unrestricted immigration.

        1. including those who voted for open borders and unrestricted immigration.

          Serious question: Do you think these people will still vote blue?
          People I know who see what’s going on still say “Orange Man bad.”

          2. People I know who see what’s going on still say “Orange Man bad.”

            Wait until they are robbed or assaulted by one or more of the invaders.

      2. As many as 19 buses and vans dropped off migrants in Denver’s Central Park neighborhood on Friday, multiple sources told Scripps News Denver.

        The buses and vans arrived between 8 a.m. and 1 p.m. and left migrants in the parking lots of Home Depot, Walmart and Sam’s Club, according to information collected by Scripps News Denver.

        When contacted Tuesday, ranking sources inside the city said they were not aware of the Friday migrant arrivals in Central Park, and pledged to look into the information reported to Scripps News Denver.

        Greg Lenora, a security guard, works for a company hired to protect the Sam’s Club parking area.

        “One thing I can say is they are really, really polite,” he said about the migrants he interacted with this past weekend. “They are not saying anything malicious or angry. They are just here to get money.”

        A day after the migrants’ arrival at the businesses in Central Park, according to the security guard and other sources, some of the migrants returned trying to make money.

        “Some had spray bottles and paper towels to wipe down windshields,” Lenora said. “Others were helping customers to their car, trying to load whatever and afterwards they asked for a little money.”

        The security guard said decisions made by other migrants are part of the reason his security company was brought in to help.

        He described that customers were suddenly reporting that they were getting charged to park in the parking lot, and were told if they didn’t pay, they couldn’t park. Parking at Sam’s Club is free.

        The mayor’s request for action follows reports that estimate more than 100 migrant-filled buses have arrived in Denver during the month of December alone — an influx that has created challenges for cities, neighborhoods and businesses.

        This point was made by the Denver security guard when asked why he was guarding an empty parking lot during a holiday when the store was closed.

        “We’re basically making sure that they know that they can’t camp here,” he said. “And we really need to have a presence here because it makes them know that what they’re doing is making the customers feel uncomfortable and they have to stop.”

        According to the latest data in Denver, 4,410 migrants are currently sheltered in non-city facilities. More than 35,000 migrants have been served by the city.

        https://scrippsnews.com/stories/busloads-of-migrants-arrive-in-denver-sources-say/

        1. what they’re doing is making the customers feel uncomfortable and they have to stop

          So much for being polite. Meanwhile the buses keep arriving and the mayor’s office pretends to not know that it’s happening.

        2. They are just here to get money

          What an odd thing to say. Not “they seek employment”

          He described that customers were suddenly reporting that they were getting charged to park in the parking lot, and were told if they didn’t pay, they couldn’t park. Parking at Sam’s Club is free.

          Pretty gutsy way to “get money”. I wonder what will they try next, charging protection money to shoppers? “Gee, it would be awful if something bad happens to your car”

          1. “were told if they didn’t pay, they couldn’t park”

            Isn’t this SOP in any 2nd-world country? You’re dipping into your pocket a dozen times a day to accomplish anything. I’m just waiting for the city governments to use this as an excuse to disallow cash and institute biometric CBDCs.

          2. Isn’t this SOP in any 2nd-world country?

            It is now, but it wasn’t when I lived there. I can’t imagine anyone paying to park at Sams Club in Dumver.

            As for them helping o load your car, that would typically be a uniformed store employee, and a tip would be expected. You could turn down the assistance at the cash register.

    2. Property taxes, sales taxes, and state income taxes.

      Just wait until the Nuevos Americanos learn that the state is refunding almost $4B to taxpayers this year because TABOR (in addition to the regular tax refunds) instead of spending it on them.

      They re already fed up living in tents and their camps are about to be cleared out, and thousands continue to arrive.

      1. Mayor Johnston just upped the projected 2024 costs to the City from $160m to $180m, from less than a week ago.

        Open borders is TREASON.

    1. For the hard of hearing:

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      _ / \| |/ \
      / \| | | ||\
      | | | | | \>
      | | | | | \
      | – – – – |) )
      | /
      \ /
      \ /
      \ /
      \ /

    3. “This is glorious: Our Most Popular President”

      You can almost feel the love from the “Let’s go Brandon” and “Fu#k you” chants from the crowd.

      1. Driving from a job in Westminster today back into Denver I was behind a truck with a F*** JOE BIDEN sticker, without the asterixes, on the rear window.

        I wanted to pull up and give him the thumbs up but with an apprentice in the passenger seat I had to refrain 🙁

        1. “I was behind a truck with a F*** JOE BIDEN sticker, without the asterixes, on the rear window.

          A couple of weeks ago I was behind a truck with a bumper sticker that read… I could sh#t a better president.

          Without the hashtag.

    1. Since we are running low on shells and ammo, it might be the ideal time, though I’m not sure where Iran would fight that war. WOuld they invade Iraq?

    1. Oceanside
      They walked away from their boats at Oceanside Harbor. Now what?
      Two sailboats, a lost kayak and some abandoned floats were tied up recently Oceanside Harbor.
      Two sailboats were tied up at the impound dock recently in the Oceanside Harbor. The harbor recently received a $36,000 state grant to help pay for the disposal of abandoned or unwanted vessels.
      (Phil Diehl)
      City gets $36,000 grant for disposal of unwanted vessels in marina slips where owners have defaulted on fees
      By Phil Diehl
      Jan. 2, 2024 5 AM PT

      They say the best two days of a sailor’s life are when he buys a boat and when he sells it.

      That’s because owning a boat is a big expense and a lot of work. Sometimes an owner gets overwhelmed by all the responsibilities and costs — underwater, so to speak — and never sees that second-best day.

      Instead of selling, an indebted owner will simply walk away, leaving the boat at the harbor. It’s a little like the way a homeowner upside-down on a mortgage can move out and leave the property to the bank that made the loan. Several times a year, people abandon old vessels at marinas in Oceanside and across California.

      As many as seven abandoned and/or derelict boats will be removed from the Oceanside Harbor over the next two years with the help of a $36,000 grant received by the city.
      …
      https://www.sandiegouniontribune.com/communities/north-county/oceanside/story/2024-01-02/abandoned-boats-removed-from-oceanside-marina

  6. Will the Fed offer further words of encouragement for Wall Street stock traders at their next meeting?

    1. Financial Times
      50 minutes ago
      US stocks fall further as investors await steer from Fed
      George Steer in London

      US stocks slipped early on Wednesday as investors await the publication of minutes from the Federal Open Market Committee’s December meeting.

      Wall Street’s benchmark S&P 500 index lost 0.5 per cent, having dipped 0.6 per cent on Tuesday, while the tech-dominated Nasdaq Composite fell 0.7 per cent after Monday’s 1.7 per cent decline.

      Federal Reserve chair Jay Powell’s decision last month to hint at interest rate cuts in early 2024 sent stocks surging, leaving the S&P 500 close to an all-time high. Stock markets have sold off this year as investors have taken profits following the last quarter’s gains.

      December’s minutes will provide a further glimpse of how the US central bank expects rates to move over the coming months.
      …

      1. Stock Market Today
        Stock Market Trims Losses After Fed Minutes; What The Bad Santa Rally Means For Indexes
        FacebookTwitterLinkedIn
        JUAN CARLOS ARANCIBIA 03:17 PM ET 01/03/2024

        Major stock market indexes came off session lows Wednesday afternoon after the Federal Reserve released minutes from its December meeting, while small caps took heavy fire and Treasury yields were erratic.
        …
        https://www.investors.com/news/stock-market-today-stock-market-news/?

  7. A report from the Naples Daily News in Florida. “…there’s no question the housing market has cooled since 2022, but it should come as no surprise, with the craziness it saw after the pandemic hit in 2020. ‘We were slowing to normal,’ Grimes said. ‘We were coming off a COVID market that was the best market since Noah. It couldn’t sustain itself.’”

    “… the best market since Noah.”

    – Interesting choice of words, or Freudian slip? Recall The Great Flood just after Noah built the ark.

    – Two things:

    1). Guberment stimulus, including the Fed, during the pandemic was epic. Many decided to move at that time due to irrational fears of the CCP virus. Many moved to Florida. Take these two together and the housing market went literally off the rails. Also, inflation due to (1), caused building material and construction costs to skyrocket as well.

    2). Hurricanes strike Florida on a regular basis. Hurricane Ian for example, caused immense damage to Florida. September, 2022.

    – Florida housing demand, house prices and construction costs went to the moon right before an immense insurance charge. A perfect storm.

    – “Suddenly,” home insurance costs are to the moon in Florida, if you can find an underwriter.

    – No one could have seen this coming.

    – I think Florida is screwed. This doesn’t include the insolvent condo COA mess either, due to years of deferred maintenance and repairs. Many will be tear-downs. Best of luck Florida. On the plus side, I do like Ron DeSantis.

  8. In other news Lauren Boebert is switching districts and will be running in mine this year, vying for the seat that RINO Ken Buck is vacating. Could get interesting. Not sure if this means that her current district is being surrendered to the Dems or if they will come up with a RINO to take her place.

  9. Would you rather pay a pirate’s ransom to stay in California or travel the world instead?

    1. REAL ESTATE
      A boomer who left the Bay Area to travel around Asia and the Caribbean explains how it’s made his life cheaper and more peaceful
      Noah Sheidlower
      Jan 2, 2024, 6:06 AM ET

      – Steve Lopes and his wife left California in 2018 and have since lived in nearly a dozen countries.

      – They spent over a year in St. Maarten, months in Thailand, and shorter stays elsewhere in Asia and the Caribbean.

      – He misses his five kids, though it’s allowed him to live on less and see the world.

      After six decades in California, Steve Lopes, 65, decided he needed to move out to live a more comfortable life.

      Little did he know that in the next five years, he and his wife Mila would live in countries including Colombia, Costa Rica, Curacao, Indonesia, Mexico, St. Maarten, and Thailand.

      Lopes, who is third-generation born and raised in San Jose, moved to Los Gatos in Silicon Valley two decades ago with his five kids. As the years progressed, though, the cost of living became more unaffordable. In his last three years living there, he and his wife were not making enough to pay the bills and had to pull from savings.

      “When our last kid graduated, we had let them know a couple of years ahead of time that it was our plan to leave and look for greener pastures economically,” Lopes, who is now retired, told Business Insider. “If I made $300,000 a year, I would live in my hometown, but we found a pretty good substitute for living at home, other than the fact that it puts us away from family.”
      …
      https://www.businessinsider.com/leaving-california-moving-to-thailand-colombia-bali-cost-of-living-2024-1

        1. Based on data from our local church community, it seems likely. A number of congregations have merged due to shriking membership, driven by outmigration.

          However, this is a biased sample, since these people generally work and pay taxes. Those who don’t work and pay taxes are more likely to stay put; those who do are more likely to leave.

    2. I’d prefer C) Live simply on a path less traveled.

      This never seems on offer these days, no money in it I guess.

  10. ‘I wouldn’t look for big price increases as mortgage rates come down because the prices that were created in the teens or 2021 were more the result of people paying 2.5% for mortgages. Money was basically free,’ he says. ‘In 2024, buyers will still be paying double that for a mortgage. To think that it’s going to go back to where it was is unrealistic’

    You make Larry a sad panda Fred.

  11. ‘If you take out the COVID years, this last year was kind of right on track with where it would have been.’ While home prices are down, in the long term, they’re way up. The median sales price in 2019 in Ada County was almost $200,000 less than it is right now’

    Good luck Debbie, yer gonna need it.

  12. ‘They were buying anything. And so they were buying them probably higher than they should have to, which is also why I think a lot of homes are sitting inventory,’ said Gogo. ‘So the pricing that they want is not, again, justified in this market necessarily by the time they sell it. And so they’re pricing too high’

    That’s a real pickle Nathan.

  13. ‘ ‘We’re talking about people with guns who have shown they are willing to use them. … I’m on the same page as Washingtonians. People just want to go about their lives and be safe and they do not want to be confronted by people with guns.’

    What doesn’t kill you makes you stronger Muriel.

    1. Muriel

      The same Muriel Bowser who denied National Guard troops on January 6th (AKA the FedSurrection).

  14. Border Patrol assisting the invasion of our border.

    Rep. Matt Gaetz
    @RepMattGaetz
    I’m currently in Eagle Pass, TX witnessing the intentional destruction of our Southern Border by the Biden administration.

    This video was sent to me by a Texas official. It shows how illegal aliens are being encouraged to invade our country while the fencing put up
    by Texas is cut open by
    @CBP
    .
    Under the corrupt orders of
    @SecMayorkas
    and Joe Biden, we will never see our border protected. But if this border is not shut down, then we must shut down the government.

    https://x.com/RepMattGaetz/status/1742633995009999266?s=20

  17. So I had a business school professor in 2016 ask if I had a daughter if I’d want her to intern with Clinton or Trump. I said Trump. He was shocked showing me a photo of him shaking Clinton’s hand.

    1. Business Insider
      ‘Big Short’ star Steve Eisman says investors are ‘too fricking happy’ – and markets could slump if they end up disappointed
      Theron Mohamed
      Wed, January 3, 2024 at 2:22 PM PST·2 min read

      “The Big Short” star Steve Eisman says investors are too bullish and disappointment may hit markets.

      Infrastructure programs are an economic tailwind and the federal debt isn’t a concern, he says.

      Eisman only expects the Fed to cut interest rates once this year if there isn’t a recession.

      Jubilant investors are setting themselves up for disappointment, and markets could suffer the consequences, Steve Eisman told CNBC on Tuesday.
      …
      https://finance.yahoo.com/news/big-short-star-steve-eisman-222241186.html

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