A Harsh Lesson On Buying At The Peak Of The Housing Market
A report from Sarasota Magazine in Florida. “The latest report showed that the median price for a single-family home is now $500,000 in Sarasota County and $485,861 in Manatee County, reflecting increases of more than 52 percent and almost 41 percent, respectively, since 2020. The median salary in Florida is just under $56,000 per year. Plus, a survey from the National Association of Realtors indicated some post-pandemic buyer’s remorse, which has also played a role in move-outs. ‘In a market that’s not in a frenzy, buyers take more days and maybe look at 10 homes. In the last few years, if you wanted to buy, you didn’t have that time,’ Brian Tresidder, 2023 president of the Realtor Association of Sarasota-Manatee, told us. ‘People say they picked the best option at the time but would have liked to have more options. It’s tying into that rising inventory now.'”
The Coeur d’Alene Press in Idaho. “The number of single-family homes sold in 2023 in Kootenai County fell nearly 16% from 2022 and nearly 39% from the COVID year of 2021. The number of current active residential listings as of Jan. 1 in Kootenai County was 658, according to the CRR, up slightly from 634 a year ago, but a 72% increase from 184 two years ago during the buying frenzy. ‘This last year, a buyer could expect a handful of homes that fit their needs to look at, and buyers were able to make offers below asking price. Something we didn’t see a few years ago,’ said Jared McFarland, Coeur d’Alene Regional Realtors 2023 president. ‘Sellers were able to sell their home if they priced it correctly but weren’t able to sell for over market value.'”
“He said the rental market saw a larger change with a huge increase in inventory and the start of rental rate decreases. ‘We haven’t seen rents go down in a long time. This will have an interesting effect on our market in the coming future,’ he said. Investors bought a lot of rental properties during the height of the market, he said. ‘If investors aren’t able to rent for prices they are used to, they may sell their homes and investments, increasing inventory, shifting us to even more of a buyers’ market, and creating some interesting opportunities,’ McFarland said.”
The Ahwatukee Foothills News in Arizona. “Despite a somewhat rocky road last year in the Valley’s housing market, the Cromford Report assured homebuyers and sellers that there’s virtually no chance of a widespread crash either here or across the country. Phoenix REALTORS also gave an upbeat prediction. The Cromford Report noted that some people a year ago complained about its generally upbeat forecast for 2023. ‘But the numbers never lie to us,’ it said. ‘The housing market has survived intact and is now in better health price-wise than it was this time last year, though admittedly we could all do with a lot more transaction volume. These emails were valuable to me because I took them as a signal that public perception was much worse than reality, even for experienced and highly competent professionals.'”
“Overall, much of the Valley has been trending in the direction of a buyers’ market, according to the Cromford Report’s analysis of the 17 submarkets in the Phoenix Metro area that it routinely measures. ‘Eight out of 17 cities are still sellers’ markets,’ the Cromford Report said. ‘We have four cities that are balanced and five that are buyers’ markets. Maricopa stands out as by far the weakest market of the 17 and it has yet to turn around.’ ‘Developers have created a huge number of new apartments to cope with the rental demand along with an increasing number of build-to-rent single-family homes and condos,’ it conceded. ‘This massive additional supply has stopped rents rising.'”
The Dallas Morning News. “North Texas led the nation in apartment leasing in the final months of 2023. But with more than three times as many new apartments opening as were filled by tenants, Dallas-Fort Worth rental occupancies fell. Net apartment leasing in D-FW totaled 3,018 units in the fourth quarter. But at the same time, developers opened 9,695 new units, according to Richardson-based technology firm RealPage. In 2023, 29,035 new apartments opened in D-FW, almost double the net leasing in the area. Another 47,968 apartments are scheduled to be completed in 2024, according to RealPage’s estimates.”
“‘This was D-FW’s largest year-over-year rent cut since the second quarter of 2010, coming out of the Great Financial Crisis,’ RealPage chief economist Jay Parsons said. ‘It looks like 2024 could be the ‘year of the renter’ in North Texas and elsewhere across the country. Because apartment supply is at 40-year highs, renters instead are benefiting from a surge in new options, which in turn is leading to moderately declining rents and, in some cases, generous concessions.'”
The San Bernardino Sun. “California’s attorney general has filed a lawsuit against a Los Angeles developer that defaulted on millions of dollars of loans under a state-run program to house the homeless in converted motels from San Bernardino to the Bay Area. In the 321-page lawsuit filed Monday, Jan. 8, in Los Angeles Superior Court, Attorney General Rob Bonta alleges Shangri-La Industries and other named defendants — including San Bernardino County and the cities of Redlands and Thousand Oaks — ‘breached their obligations’ under terms of their agreements with California’s Homekey program. ‘All seven Homekey properties in which (Shangri-La Industries) was a private grantee are at risk of imminent foreclosure,’ the lawsuit states.”
“The state alleges in the lawsuit that for each of the seven motel-conversion projects, Shangri-La created a shell company, in the form of limited partnerships, using the address of each motel as the name of the limited partnership. Those limited partnerships were named in the lawsuit as the ‘titleholder defendants.’ ‘The property titleholder defendants were and remain undercapitalized and were created as shells for the sole purpose of carrying out the misconduct of (Shangri-La Industries) and Step Up,’ according to the lawsuit.”
From Bisnow. “While asset values are expected to fall in the year ahead, primarily in the office sector, the mood in the halls of the Loews Miami Beach was decidedly buoyant on the first day of the conference. As lender appetite for loan extensions wanes, they expect more owners of struggling assets to become resigned to the prospect of either selling at a loss or surrendering their properties altogether. ‘You’re starting to see equity that owns an asset willing to just turn it over to the lender without fighting,’ said Craig Phillips, who recently launched an asset management firm targeting distressed assets.”
“‘The fence-sitting that’s been going on between lenders and borrowers is going to come to an end in 2024,’ said Tad O’Connor, co-chair of real estate litigation practice at New York-based Kasowitz Benson Torres. ‘It’s actually pretty surprising how many relatively short-term loans there are that were done after Covid that are now maturing. People’s expectation was that they were going to mature into a different world, and this world is as uncertain as it was in 2022 and 2023. A lot of the hopefulness is gone.'”
“Selling office buildings in this market means taking anywhere from a 40% to 70% cut on asset value, said Lonnie Hendry, head of commercial real estate at Trepp. This kept many owners out of the market last year and made lenders more amenable to renegotiating and extending terms. The hold-on-for-better-days mentality is beginning to give way in the office sector, with several properties trading at significant discounts in recent weeks. The largest recent markdown came when a Morgan Stanley entity sold the leasehold interest for a 12-story Chicago office building for just $4M last week, a nearly 90% drop from its appraised value when it last sold in 2012.”
CTV News in Canada. “It’s a harsh lesson on buying at the peak of the housing market. Two years ago, newly built townhomes in Carleton Place, Ont. sold for nearly $900,000. Low interest rates were a driving force behind the hefty price tag. ‘Those townhouses were overpriced to begin with,’ said Jeff McGuire, who lives in the area. ‘I think they were asking 200k over than they should have originally.’ Some people bought high but couldn’t keep up with payments, falling into default. The builder re-listed the homes for much less at the end of 2023 — $499,000.”
“‘They couldn’t afford the home or what they wanted to afford. So their plans changed,’ explained real estate agent Peter Sagos. He sold a few properties in the new subdivision, including 182 Hooper St, both times. The original buyers who couldn’t make the payments may be in further trouble from the builder, he says. ‘The seller could go back and through litigation receive the other end of the money that was from the original contract.’ ‘A couple of the builders I work with did the exact same thing,’ said real estate broker Paul Rushforth. ‘They lowered the price drastically, called it a Christmas special.’ These were priced high and sold during a low interest rate fueled boom in 2022.”
“‘When something sells at a lower price, that sets the bar,’ said Rushforth. ‘As a resident, does it suck? Yes, but listen, the builder needs to do what he has to do to get his product sold.’ Garet Avery lives nearby and is worried about the fluctuating prices and what this means for his home’s value. ‘Even if I wanted to sell this place, with the current taxes and the property assessment, it’s just going to drive people away and look the other way, look somewhere else because the value of the house and the amount of taxes,’ he said. ‘It’s not looking good for turnaround.'”
Edinburgh Live in Scotland. “Midlothian owners of a Stewart Milne Group home fear they have left to live on a building site after the firm collapsed into administration – with 200 employees facing losing their jobs. Retired couple Keith and Elizabeth Hamilton, both 68, moved into the new-build property in Shawfair, Danderhall, in March 2022 for a new ‘dream life’ after leaving their home in the West Midlands. Building work on other homes on the estate continued until the firm went into administration on Monday. Keith said: ‘Clearly we are all very anxious about the state that the site has been left in, the security of the area, and the unfinished work including pavements and all those sorts of things.'”
“Gillian, who moved to the estate almost a year ago, says she is worried about the future maintenance upkeep of her home, she said: ‘I feel really sorry for all of the workers because what was envisioned looked so amazing and they have all been so nice.’ An anonymous resident, who only moved into the Shawfair estate a few months ago said: ‘I think we are the lucky ones, we moved in at the end of October and we are the last ones to have moved in. It’s not nice living on a building site, especially as we don’t have a road which is really bothering us and we’d obviously like that to be finished at some point. I haven’t had the time to think about the repercussions of this because it is such a massive blow.'”
From The Star. “Speaking at a conference on Scenarios for the Vietnam Real Estate Market in 2024 in Hanoi last Friday, Vietnam Association of Realtors (VARS) chairman Nguyen Van Dinh said 2023 was a difficult year for the real estate market. Few new projects were approved, while thousands of unfinished projects were put on hold due to legal problems. Many other projects were stalled due to a lack of capital, which was the main cause of the problem, Dinh said. Dinh added that investment demand was clearly affected when customers and investors gradually lost confidence in the real estate market.”
“Housing prices were still relatively high compared to both the real value and financial capacity of people, especially in two big cities, with the average apartment price in Hanoi of 51.7 million dong per square metre and 71 million dong in Ho Chi Minh City. For the land segment, high-value villas or townhouses, investors accepted a loss of 30% to 40% compared to the peak.”
South China Morning Post. “China Evergrande Group stood by audited annual reports from 2021, rejecting claims by financial analysts that changes to its accounting methodology suggested the debt-laden property developer was ‘never profitable’ in its years of operations. GMT Research, a Hong Kong-based accounting research firm founded by former CLSA and Nomura analyst Gillem Tulloch, published a report on December 1 focusing on the changes to the developer’s accounting treatments. The firm was among the earliest to raise red flags on the developer more than five years ago, citing many unfinished housing projects.”
“‘Evergrande significantly overstated revenue and earnings, most likely for many years,’ the report said. ‘Contrary to what some people think, Evergrande was not so much a victim of tightened liquidity or a Covid-induced property market downturn. Its problems were far more fundamental – there were never any profits.'”
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Property taxes.
Denver to slash up to 15% from city budget to fund migrant aid (1/9/2024):
“Denver Mayor Mike Johnston told FOX31 the migrant crisis could cost the city $180 million this year, and now he’s asking city departments to slash up to 15% from their budgets to cover the cost.
“For people that aren’t familiar with the budget, $180 million is about 10 or 15 percent of the city budget,” Johnston said.
So where will these cuts come from?
“As a department head, your goal is always how to find the things you can cut that don’t directly impact services as much as possible. We don’t want to close down rec centers or stop picking up trash or paving the streets or take officers off the streets, so we gotta prioritize that,” Johnston said. “So what they’ll do now is take a hard look at their budgets and see what their options are, and we’ll go back and look at them and see what we can do without trying to directly impact the city as much as possible.”
$180 million: That’s more than the entire budget for the Parks and Recreation department and more than the entire budget for the city’s housing and homelessness efforts all combined. And the news comes as the influx of migrants grows.
https://kdvr.com/news/local/denver-to-slash-up-to-15-from-city-budget-to-fund-migrant-aid/
And a reminder: former mayor Hancock who implemented Denver’s “sanctuary city” policy was elected to his last term by 80% of Denver voters.
So at first they will cut the waste. Pamphlets no one reads won’t be printed, stuff like that. But the buses keep arriving. At some point they will have to let people go. I expect there will be tax increases on the spring ballot, to raise funds. We’ll see how generous Denver voters are feeling about a sales increase. It’s one thing to virtue signal as a sanctuary city, it’s quite another to crack your wallet open.
Elections do have consequences. And as these newly arrived residents appear, they will be granted the opportunity to vote in local elections. District by district, they will vote for the person who will promise the moon and the stars at the expense of the local property owners by way of parcel taxes. After all, this is America, the streets are paved with gold, and everything is free for the asking. And if they want, We must give and provide. It would be cruel and heartless if we deprived these people of the life they so richly deserve. Truly, elections will have consequences.
Offramp from westbound 6th Ave to Sheridan they are begging with their children with them bundled up in snow suits.
The temps will be below freezing for 48+ consecutive hours this weekend.
they are begging
Not quite what they were expecting. It must look like a contradiction to them: they see prosperity all around them (compared to home), but they don’t understand that almost none of those shiny cars that pass by are paid for and that all those yanquis (only Mexicans call us gringos) are up to their eyeballs in debt and have to charge their credit cards to buy groceries.
I wonder if at some point city hall will offer to fly them home?
former mayor Hancock
Who tweeted from the airport, as he was heading out to see family for Thanksgiving, remanding Denverites that they shouldn’t travel during the scamdemic. He was busted by another traveler who snapped a picture of him at DIA and posted it on social media.
How did you lose yer igloo mate?
They lowered the price drastically, called it a Christmas special.
‘All seven Homekey properties in which (Shangri-La Industries) was a private grantee are at risk of imminent foreclosure,’ the lawsuit states. The state alleges in the lawsuit that for each of the seven motel-conversion projects, Shangri-La created a shell company, in the form of limited partnerships, using the address of each motel as the name of the limited partnership. Those limited partnerships were named in the lawsuit as the ‘titleholder defendants.’ ‘The property titleholder defendants were and remain undercapitalized and were created as shells for the sole purpose of carrying out the misconduct of (Shangri-La Industries) and Step Up’
Looks like a planned scam. K-fnia can’t even build bum housing without screwing it up.
‘Gillian, who moved to the estate almost a year ago, says she is worried about the future maintenance upkeep of her home, she said: ‘I feel really sorry for all of the workers because what was envisioned looked so amazing’
You realize those were drawings Gillian?
Gillian doesn’t realize it yet, but she’s about to become a cautionary tale for the pitfalls of emotion-based decision-making.
‘It’s actually pretty surprising how many relatively short-term loans there are that were done after Covid that are now maturing. People’s expectation was that they were going to mature into a different world, and this world is as uncertain as it was in 2022 and 2023. A lot of the hopefulness is gone’
Sound lending Tad!
Hope was the last and most dangerous thing in Pandora’s box, FBs.
I recall the narrative at the time was borrow to the hilt, because inflation is awesome you can repay your debts in cheaper dollars.
Which ignored it takes time for wages to catch up.
wages to catch up
I expect that’s not guaranteed this time. We’re lowering our standard of living instead.
Deflation should help.
We’re lowering our standard of living instead.
We’ve been doing that for decades. At first we coped by having mom join the workforce, but still fell behind.
Moms joining the workforce was a massive boon to the government too. Those moms paid a ton of taxes and drove up house prices which contributed more in property taxes. They were also a boon to Social Security. Greatest Generation women didn’t work or pay in that much, but they collected their husband’s SS for 15+ years after he died. Working moms paid into their own SS.
“At first we coped by having mom join the workforce,”
When I was a kid in the 60s stay at home Mom was the norm. By the time I was in Junior High in the 70s that all started to change,
https://youtu.be/N_kzJ-f5C9U?si=0cfUBZ6mMnFugQw5
The death of the stay at home Mom was Satan’s greatest victory.
According to the promiscuous on, r/Adultery, the “stay at home moms” had their cake and ate it too.
“Selling office buildings in this market means taking anywhere from a 40% to 70% cut on asset value, said Lonnie Hendry, head of commercial real estate at Trepp.
It was only Yellen Bux.
The Price Germany Pays for Net Zero
That enormous figure is worth putting on the record because in practice it will remain hidden from the public. The report counts both private investment (including spending households will have to undertake to improve their energy efficiency) as well as public spending. If anything, more of the burden is likely to shift to the private economy in higher prices and more expensive mandates after a recent court ruling has made it harder for Berlin to offer direct subsidies.
This is a warning for everyone else because Germany, and Europe generally, is much further down the path of the net-zero transition than the U.S. Two decades and uncountable hundreds of billions of euros into its energy transformation, Germany’s net-zero bills never shrink and the promised boom in green industries and jobs never materializes.
https://www.msn.com/en-us/money/markets/the-price-germany-pays-for-net-zero/ar-AA1mtOfd
New populist party shakes up German political establishment
Sahra Wagenknecht has launched her new party: It is restrictive on immigration, pro Russia and champions left-wing social policies. The 2024 European elections will be the first test for the “Sahra Wagenknecht Alliance.”
In her youth, Sahra Wagenknecht was a communist. She grew up in the city of Jena during East Germany’s socialist GDR dictatorship and after reunification went on to shape the image of what evolved as the Left Party. She left that party in October 2023 along with several of her supporters and has now founded her party “Sahra Wagenknecht Alliance — Reason and Fairness.”
Germany’s entire left-wing party spectrum is facing a downward trend and grappling to redefine itself.
This applies especially to the opposition Left Party, which is struggling not to fall below the 5% threshold for representation in parliament, but also to the center-left Social Democratic Party of Germany (SPD) and the environmentalist Greens, who form the current federal government together with the neoliberal Free Democrats (FDP).
According to political scientist Werner Patzelt, the main reason for the decline of left-wing parties is that they are perceived not to care enough about the so-called ordinary people. This part of the population, says Patzelt, is struggling at a time of price hikes and lack of affordable housing and has little to do with “woke,” left-wing ideas championed by left-wing parties.
The term “woke” has entered the German political jargon to describe those who claim a keen awareness of social justice and fight racism. Patzelt says these issues are primarily addressed by the left-wing academic elite. And if this does not change, Patzelt warns, the left should not be surprised “if ordinary people tend to pin their hopes on the right.”
Wagenknecht considers Germany’s long-standing culture of welcoming refugees, initiated in 2015 by then Chancellor Angela Merkel (CDU), to be “highly problematic.” Not because these people do not deserve a better life, she emphasizes. “But because our country is simply overburdened as a result.”
Wagenknecht’s party’s manifesto contains skeptical and cautionary words about migration: “The price for increased competition for affordable housing, low-wage jobs and failed integration is not primarily paid by those who are well off.”
Such sentiments remind political scientist Werner Patzelt of the Querfront — a term originating in the Weimar Republic before the far-right nationalists took over: Back then there were attempts at cooperation between the far-right and far-left to unite forces in an effort to gain power.
The SPD and Greens have now also made a U-turn on migration policy and want to limit irregular immigration to Germany. At the same time, they are planning cuts in economic and social policy. “Reality is being forced upon these parties,” says Patzelt.
He suggests that the SPD and the Greens should learn from governments in Denmark and Sweden. There, it has paid off for social democrats to adopt a restrictive migration policy.
Germany’s left-wing parties, he believes, should focus on “the little people whose familiar living environments are endangered by globalization and the migration that accompanies globalization, among other things.”
https://www.dw.com/en/new-populist-party-shakes-up-german-political-establishment/a-67920659
Maschinenfabrik no more.
Net zero = permanent recession recipe, created by dictatorial climate scientists with no understanding of basic economics
‘no understanding of basic economics’
Yeah, that’ would be as insane as letting a doctor who never even had one patient put the whole country in lockdowns.
I follow Dr. Ruth’s advice, instead of that party pooper Dr. whats-his-face. Dr. Seuss is a close 2nd.
Toronto Real Estate Market Update – Power of Sales Doubled! (Jan 3, 2024)
Team Sessa Real Estate
15 hours ago
In this episode we take a look at the current Toronto Real Estate home prices and market trends for week ending January 3, 2024.
https://www.youtube.com/watch?v=JfNFPSMckP4
20:26.
Re: the median price for a single-family home is now $500,000 in Sarasota County and $485,861 in Manatee County, reflecting increases of more than 52 percent and almost 41 percent, respectively, since 2020. The median salary in Florida is just under $56,000 per year.
To put things into a longer-term perspective back in 1970 in Lakeland, FL, a colleague of mine bought a 3BR new house for $30,000 and the typical starting salary of a college graduate was $12,000.
Then the sky-high inflation of 2% panicked Nixon into slapping on wage-price freeze which backfired big time. One year later he reneged on Bretton Woods, took the USD off gold standard, the financial media crowed about “closing the gold window” calling it an accomplishment (the typical excuse of crooks) and some guru even opined that without the linkage to USD gold would drop to $2/oz flat . . .
“…One year later he reneged on Bretton Woods, took the USD off gold standard…”
The biggest financial mistake of the 20th century.
So what have we got now? Fake fiat money and bits on a computer disk disguised as imaginary coins.
financial mistake of the 20th century
Going off the gold standard was baked in the cake by earlier mistakes.
Yep. WWII and the New Deal being the most obvious examples.
“…real estate broker Paul Rushforth….”
“…’Even if I wanted to sell this place, with the current taxes and the property assessment, it’s just going to drive people away and look the other way…”
New Years surprise for Paul Rushforth: Hey Paul, guess where governments are going to look for additional money to support all those [non-tax paying] tent cities and social services?
Maybe people will start to wake up when a properties [total] holding costs meet or exceed the cost of a typical mortgage?
Yahoo
Business Insider
The market is looking ‘eerily similar’ to the landscape headed into 2022, when stocks plunged 20%, top economist David Rosenberg says
Aruni Soni
Tue, January 9, 2024 at 7:49 PM PST·2 min read
The market is looking ‘eerily similar’ to the landscape headed into 2022, when stocks plunged 20%, top economist David Rosenberg says
– The stock market is looking “eerily similar” to 2022, top economist David Rosenberg said.
– The S&P 500 peaked in early January 2022, then tanked and finished the year down 20%.
– Analysts at Rosenberg Research said US stocks currently signal maximum bearishness.
In late 2021, stocks took off on a blockbuster rally. Then in January 2022, sentiment soured, and the rally ran out of steam. Sound familiar?
Top economist David Rosenberg sounded the alarm in a note published by Rosenberg Research on Monday, saying that markets are having a déjà vu moment.
…
https://finance.yahoo.com/news/market-looking-eerily-similar-landscape-034923992.html
Would regulatory approval of spot ETFs make Bitcoin fundamentally more valuable?
Financial Times
Opinion Lex
Fake bitcoin post shows SEC crypto quandary
US hampered by failure to agree sort of overarching rules being put in place by Europe and UK
A pile of bitcoins
The prospect of regulatory approval for bitcoin ETFs has already bolstered prices, counteracting the negative effects of scandals
2 hours ago
The prospect of bitcoin exchange traded funds leaves cryptocurrencies teetering on the cusp of mainstream respectability. A fake post this week claiming regulatory approval again illustrates the proliferation of crypto scams. It is certainly an argument against using social media for market-moving announcements. But it is unlikely to derail the funds.
On Tuesday, the US Securities and Exchange Commission was forced to refute a post on its X account that claimed it had approved the listing of spot bitcoin ETFs. Gary Gensler, SEC chair, used the platform to clarify that the SEC’s account had been “compromised”. The price of bitcoin, which had jumped 2 per cent, promptly fell more than 3 per cent.
Crypto purists envisage a decentralised financial world without tedious oversight from governments and regulators. More pragmatic bitcoin holders see regulators as the key to larger digital asset markets and thus higher prices.
The prospect of regulatory approval for bitcoin ETFs has already bolstered prices, counteracting the negative effects of scandals such as the collapse of stablecoin Terra and crypto platform FTX. At $45,525 the price is up by more than 150 per cent in the past 12 months, though it remains a third below the all-time high. One analyst at Standard Chartered predicts SEC approval of bitcoin ETFs could send it as high as $100,000.
…
“A pile of bitcoins” = fake bitcoin views to lure in suckers
“Would regulatory approval of spot ETFs make Bitcoin fundamentally more valuable?”
More valuable? Yes. Fundamentally more valuable? No. It’s probably a great time to trade on BTC if you know what you’re doing.
Buy the rumor, sell the news.
“…Would regulatory approval of spot ETFs make Bitcoin fundamentally more valuable?…”
Like Flip Wilson’s character ‘Geraldine’.
What you see is what you get
At the end of your evening with Geraldine, you still only have a limited supply of nothing.
NYC high school students forced into remote learning as 2,000 migrants sheltered in school instead …………..sparking outrage from residents and local politicians.
https://www.yahoo.com/news/nyc-high-school-students-forced-012543890.html
NYC is running out of money and the buses keep arriving with more Nuevos Americanos
Coming soon to Denver…
The Johnson & Wales college campus on Quebec is still mostly empty since the school folded in Denver. There is a small private K-8 on the campus, but that’s it. Plenty of room left to house Yonatan from Venezuela there. I’m sure there is a kitchen or two on the campus where food they don’t like can be prepared and served to them.
All the while the districts residents can set their thermostats to 62 degrees accordingly while the invaders lounge under 75-degrees. Pass the hat porfavor
“[Adams], along with other Democratic city mayors, has called on the federal government to do more by providing more funding, quicker work permit processing and help with resettlement.”
“resettlement?” Yeah, I know what that means. Busing thousands of young men to the suburbs, ground zero for the virtue signaling soccer moms and their daughters.
I think dumping them on small flyover towns is the hope/plan.
I have a relative who lives in a town 15 miles outside of a smallish city. The town has an abandoned old folks home and an old soldier’s home. Evidently DHS came to look at them as possible migrant housing, but ultimately refused because the old buildings had asbestos. My relative said, but what if they send us too many migrants? DHS might have to put them in the buildings anyway. My relative and friends are all talking about it. They’re also talking about how they will never vote Democrat again.
Finding a place for the millions that are conga lining across the border is turning into a challenge for local governments. As I mentioned, Dumver City hall has revoked the bans on camping in public places like parks or greenspaces next to freeway off ramps. And the buses keep rolling into town.
But but Martha’s Vineyard. “Are there no workhouses!!”
Dr Rancourt,( many articles and videos) has given Science proof of the following:
->There was no Covid 19 Panademic of a global novel virus.
>Vunerable populations like the elderly and the poor died by the Mal practice of the Health system response to the alleged Covid.
> The evidence shows that the vaccines have caused at least 17 million deaths and injuries are at even higher numbers.
> Evidence shows that 1918 flu, was bacterial pneumonia and lack of antibiotics at that time, plus all the contributory war circumstances and vaccine distribution to troops etc.
> The evidence shows that 50s and 60s and other declared Panademics did not cause excess mortality.
>Wars, famine, natural disasters like earthquakes, weather events , Depressions etc. , have been major cause of excess mortality.
>Pharmaceuticals are third cause of death in US and other Countries.
>During Covid panademic 50% less antibiotics were written for vulnerable groups like poor people and Olds causing excess deaths. Ventilators, protocol drugs caused high death rate, while successful drugs or right drugs were suppressed and obstructed. IN OTHER WORDS, a lot of people died of pneumonia and other treatable respiratory afflictions in vulnerable groups because of misdiagnosis of Covid. COVID diagnosis was based on PCR test with high inaccurately rates.
> The evidence shows the lock downs , masks, social isolation, financial stress, PCR inaccurate testing, caused mass stress , fear, etc, was contributory to deaths. INCENTIVES to Medical system to misdiagnosis Covid and apply killer drugs and respirators with a high death rate was ongoing.
> The evidence shows that distrubutation of vaccines caused the excess mortality globally, and injury and disability. 17 MILLION plus deaths globally.
> Evidence shows vaccines didn’t stop Covid transmission or deaths. CLAIM by Health Authorities that 14 million lives were saves by vaccines, isn’t backed by evidence, and the evidence shows 17 million plus lives loss due to vaccines.
> Evidence debunks claims that long Covid or new Covid varients are causing the excess deaths.
> The evidence shows that the more fake vaccines you take, the more likely to get some respiratory affliction or other side affects, or death.
Look at the reports yourself.
In spite of numerous reports from Science, our Government and Medical system won’t pull these killer failed expiermental vaccines from market, and they want to put this poison in more products.
The new WHO Treaties with Global governments, in the works , would give new power by WHO, (unelected Dr Tedros) to dictate global mandated vaccines, lockdowns etc.
So, just saying ones worse fears of forced compliance to vaccines designed to kill and harm us, as a weapon of genocide by a One World Order is evident.
Climate Change Solutions are a blueprint to mass death also and fall under Global health policy, along with equity.
The evidence shows that the emergencies are fraudulent narratives and the solutions are warfare and genocide by One World Order enemy forces against global populations.
The targeted populations have to reject this harm on so many levels against them.
Other things I think about:
Wasn’t it odd that children were not affected by a alleged novel, virulent virus.
Elderly, with co morbities was highest risk group , and were not given viable treatments for respiratory afflictions. Evidence shows before Covid, in nursing homes, 85 % death rate by respiratory affications.
DR MIchael Yerdon alledges that health system has known for decades that the elderly did not benefit from vaccinations and immune systems were just not very robust.
Howard Sterns has taken 8 Covid shots/ boosters, practiced extreme isolation, worn masks, but still got a snarly case of Covid in the first week of Jan. 2024. I don’t know what this Guy got, but a positive PCR test is pretty meaningless.
Stress itself is a assault to immune system , as fear is.
Howard Stern deserves all of the medical “benefit” of his eight injections of mRNA poison ☠️
“A Harsh Lesson On Buying At The Peak Of The Housing Market”
Tell that to the fool this property is now pending on! Another one to bite the dust…well eventually perhaps.
12/13/2023 Listed $835,000 PENDING!
12/13/2023 Listed $835,000
08/15/2023 Sold $815,000
07/06/2023 Listed $815,000
03/29/2023 Sold $800,000
02/02/2023 Listed $775,000
https://www.realtor.com/realestateandhomes-detail/3136-Goldeneye-Pl_Superior_CO_80027_M15036-79392
Talk about a lack of curb appeal for an $800K house. It also looks small. Superior is a Boulder suburb, so that probably explains the absurd price.
Oh, and the Marshall fire was partly in Superior, about 400 homes destroyed in Superior.
lack of curb appeal
That would be the glaring garage door. I have a deep interest in residential architecture and curb appeal, and the it seems that the near #1 curb appeal killer is a prominent driveway and garage. Even the Biltmore Estate looks like crap because there’s a circular pavement driveway in front of it. The old system of cars coming in from back alleys produces the best-looking streets even in a city environment.
“Boulder prices.” How about number of sales in one year? Look at the map. Directly off the end of BJC runway. There are over a half dozen flight schools at this airport. I’m talking small Cessnas 7 days per week 14 hours per day looping around this airport. If you get more than 2 minutes dwell between takeoffs you are in luck. Realtor has a noise button. Airport noise? HIGH!!
I foresee this one for sale again in March.
“It’s a harsh lesson on buying at the peak of the housing market. Two years ago, newly built townhomes in Carleton Place, Ont. sold for nearly $900,000. Low interest rates were a driving force behind the hefty price tag. ‘Those townhouses were overpriced to begin with,’ said Jeff McGuire, who lives in the area. ‘I think they were asking 200k over than they should have originally.’ Some people bought high but couldn’t keep up with payments, falling into default. The builder re-listed the homes for much less at the end of 2023 — $499,000.”
It was still cheaper than renting!!!
“The builder re-listed the homes for much less at the end of 2023 — $499,000.”
Ouch!
I had a conversation with a Democrat today who insisted Ray Epps was not working for the the FBI or any other Fed branch because he had seen Ray speak on CNN and he had denied it.
Vivek is on Tim Pool right now and he has a very interesting theory: he thinks the Democrats have given up on finding an electable Democrat. So their strategy is to remove Trump from the ballot “by any means necessary” and instead install Nikki Haley as a controllable President on the Republican side. After all, she agrees with the Dems on warhawking and social-credit-score security state. They would be willing to sacrifice DEI or T**** or A*b*or to if they get to keep their war money.
‘People say they picked the best option at the time but would have liked to have more options. It’s tying into that rising inventory now’
So yer saying they’re unhappy and fooked Brian.
‘If investors aren’t able to rent for prices they are used to, they may sell their homes and investments, increasing inventory, shifting us to even more of a buyers’ market, and creating some interesting opportunities’
That’s the spirit Jared, start cultivating those bottom feeder clients, yer gonna need em!
‘the Cromford Report assured homebuyers and sellers that there’s virtually no chance of a widespread crash either here or across the country. The Cromford Report noted that some people a year ago complained about its generally upbeat forecast for 2023. ‘But the numbers never lie to us,’ it said. ‘The housing market has survived intact and is now in better health price-wise than it was this time last year, though admittedly we could all do with a lot more transaction volume. These emails were valuable to me because I took them as a signal that public perception was much worse than reality, even for experienced and highly competent professionals’
Hi Tina, even though you weren’t named in the article, the me gives it away. It sounds like yer getting emails from even experienced and highly competent professionals telling you they are taking an a$$ pounding and yer full of horse hockey.
‘I think they were asking 200k over than they should have originally.’
You missed it by half already Jeff. And they haven’t sold.
‘Some people bought high but couldn’t keep up with payments, falling into default. The builder re-listed the homes for much less at the end of 2023 — $499,000’
That’s 44% crater unsold. Note this point: foreclosures spring up and the developer immediately pounds sand up the arse of recent buyers. HBB example one million one.
‘An anonymous resident, who only moved into the Shawfair estate a few months ago said: ‘I think we are the lucky ones, we moved in at the end of October and we are the last ones to have moved in. It’s not nice living on a building site, especially as we don’t have a road which is really bothering us and we’d obviously like that to be finished at some point. I haven’t had the time to think about the repercussions of this because it is such a massive blow’
It was cheaper than renting anonymous resident.
‘Contrary to what some people think, Evergrande was not so much a victim of tightened liquidity or a Covid-induced property market downturn. Its problems were far more fundamental – there were never any profits’
Communism/central planing doesn’t work. Why did the globalist scum media project China dominance? That’s obviously a joke now.
Liars gonna lie.
Why did the globalist scum media project China dominance? That’s obviously a joke now.
Mmmm … because that’s the blueprint of what they want to do to us?
Also, rivers of money.
Would you rather buy lottery tickets or Bitcoin spot ETF shares?
NEWS CURRENCIES
Bitcoin ETFs will be a great place to put your ‘lottery ticket money,’ investment strategist says
Filip De Mott Jan 10, 2024, 12:47 PM PST
CURRENCY BITCOIN.JPG
Dado Ruvic/Reuters
Bitcoin ETFs could be great for more speculative bets, an Edward Jones strategist said.
“Everyone has that 5% that’s lottery ticket money, but that’s a great place to put it,” Mona Mahajan told CNBC.
Spot bitcoin ETF applications could be approved as soon as Wednesday.
…
https://markets.businessinsider.com/news/currencies/bitcoin-etf-investing-portfolio-strategy-speculative-money-crypto-sec-approval-2024-1
“BITCOIN.JPG”
Don’t be fooled by the fake photo. Bitcoin does not have a physical existence in a form that can be photographed.
The retail crime situation in California has become so desperate that Democratic politicians are borrowing from the Republican playbook.
California governor calls for new laws to crack down on retail theft
by MAYRA FRANCO, KMPH Staff
Wednesday, Jan 10th 2024
FRESNO, Calif. (KMPH) —
California Gov. Gavin Newsom is now calling for new laws to crack down on property crime and retail theft.
His office put out a press release Tuesday that reads:
“Governor Newsom is calling for the creation of new laws to crack down on professional thieves – expanding criminal penalties to hold criminals accountable and bolstering police and prosecutor tools to combat theft and take down suspects who profit from smash and grabs, retail theft, and car burglaries.”
…
https://news/nation-world/california-governor-calls-for-new-laws-to-crack-down-on-retail-theft-gavin-newsom-smash-and-grab-robberies-flash-mobs-crime-fresno-bakersfield-tulare-public-safety-sheriff