The Property Sector Is No Longer A Sunrise Business

1. ‘I have an ongoing joke that we may as well buy a fancy tent and just move onto the cement pad and live’

   Jessica*, you are a winnah! Yer going to sell that fancy tent for millions.

   1. Fancy tents on wooden platforms is how families lived when they attended summer religious camp revivals in the 19th century. Later on, tents were replaced by an elaborate two-story Tiny House. The most famous of these are the Camp Revival gingerbread houses on Martha’s Vineyard.

2. Realtors are liars.

   1. Realtors are liars.

      1. Realtors are liars, but not all liars are Realtors.

3. ‘estate investor Elena Nuñez Cooper says that condos don’t typically have a cap on HOA fees, and many people can buy a single-family home for ‘less than what most luxury condos cost, not even including HOA fees’

   DONG!

   1. . Jacksonville condo owners slashed prices 6.5%, Miami prices dropped 2.5%, and Orlando’s fell nearly 5%.
      With the HOA hatchet over every ones neck how can these be down only a few %. I am expecting 25% down very soon, maybe more. Way too much risk for the average borrower. Buy a single family for sure.

4. Jacksonville condo owners slashed prices 6.5%, Miami prices dropped 2.5%, and Orlando’s fell nearly 5%

   But…but…muh generational wealth!

5. You will own nothing

   1. You will own nothing.

   2. You will own nothing.

      1. You will own nothing

         1. You will be so poor, that when burglars break into your hovels, you will rob them.

6. Eric Adams calls for an END to sanctuary cities as New York City struggles to care for close to 200,000 migrants who’ve arrived in last 18 months

   https://www.dailymail.co.uk/news/article-13133287/eric-adams-end-sanctuary-cities-nyc-migrant-crisis.html

   New York Mayor Eric Adams has called for a radical overhaul of its sanctuary city status in a spectacular u-turn as the city buckles under the weight of migrant arrivals.

   The Democrat leader has faced a furious backlash as schools, hotels and community centers have been turned over to the 180,000 migrants who he has warned will ‘destroy’ the city.

   He has been a staunch defender of its decades-old sanctuary status which forbids city officials from asking questions about a person’s immigration status, or revealing it to federal authorities.

   But he revealed his change of heart after furious residents grilled him about migrant crimes including January’s brutal Times Square attack on two cops that saw most of the suspects freed on bail within hours of their arrests.

   ‘We need to modify the sanctuary city law that if you commit a felony or violent act we should be able to turn you over to ICE and have you deported,’ he told a town hall meeting on Monday night.

   More than 560 cities, states and counties have declared themselves sanctuaries since the early 1980s and New York adopted the status under former Democrat Mayor Ed Koch.

   But sanctuary cities have been a favorite target of governors on the southern border who have bussed thousands of migrants north to them as the migration crisis has gathered steam.

   Police in the city are not allowed to arrest anyone because they are an illegal immigrant and the city will not co-operate with an investigation by immigration authorities unless ordered to by a court.

   Adams insisted ‘We should protect our immigrants. Period.’ when running for office in October 2021, adding: ‘New York City will remain a sanctuary city under an Adams administration.’

   As recently as last month he was defending the status after it was attacked by Nikki Haley for encouraging illegal migration during a Republican primary debate.

   ‘This has nothing to do with sanctuary cities, migrants and asylum seekers are paroled into the country, they’re here legally,’ he told Fox News.

   But the city expects to have spent $10.6 billion by the end of 2025 and announced a budget in December that would cut the number of NYPD officers by a fifth and the education cut by $1 billion hit over two years.

   ‘Let me tell you something, New Yorkers,’ Adams told a public meeting in September. ‘Never in my life have I had a problem that I did not see an ending to. I don’t see an ending to this.

   ‘This issue will destroy New York City. Destroy New York City.’

   He faced more pressure this week over his plans for a $53 million debit card scheme that could give a family of migrants with two children under the age of 17 up to $15,200-a-year.

   Sanctuary status has come under growing pressure in other cities dealing with the migrant influx, and Chicago’s Democrat leaders were slammed for blocking a vote on ditching its sanctuary city status in at the end of last year.

   Mayor Brandon Johnson ordered his lieutenants to quash a bid to put the controversial ‘Welcoming City Ordinance’ to a referendum on Chicago’s March primary ballot.

   Adams admitted earlier this month that he would use his executive authority to override some sanctuary provisions if he was allowed as he was challenged by Republican city councilors.

   And his u-turn was greeted as a ‘welcome change’ by City Councilman Joe Borelli.

   But the Legal Aid Society said reform would criminalize the innocent.

   ‘What Mayor Eric Adams seeks would result in local law enforcement being able to transfer New Yorkers merely suspected of a crime to ICE, upending local criminal court proceedings while perpetuating family separation and dividing communities,’ it said in a statement.

   Adams blamed Congress for his handling of the crisis on Monday night, insisting his hands were tied by Federal laws.

   ‘People tell me all the time, they see me on the street and they say, ‘Well Eric why don’t you stop the buses from coming in?’ It’s against the law, I can’t,’ he told the meeting.

   ‘Why don’t you allow those who want to work – allow them to work?’ It’s against the law – the federal law – I can’t.

   ‘Why do you say you have to house everyone that [comes] in?’ Because that’s the law.

   ‘Why don’t you deport those who commit crimes and harm people that are not doing the right thing?’ It’s against the law, I can’t.

   ‘So I am inheriting a national crisis that I have to resolve and we are resolving that crisis like no other city, folks.

   ‘Go Google other cities. You don’t see tent cities in New York. You don’t see children and families sleeping on the street in New York. This team here has managed the crisis each time they come.’

7. The restrictions, combined with rising interest rates and the economic malaise over the pandemic period, halted the bull run, with median home prices plunging by about 21 per cent from their 2021 peak. Prices fell 7 per cent last year, dropping another 1.6 per cent last month.”

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

8. Poll: Almost a Third of Americans Say the First Amendment Goes ‘Too Far’
   The survey also found that two-thirds of respondents believe that America is on the “wrong track” when it comes to free speech.

   https://reason.com/2024/02/27/poll-almost-a-third-of-americans-say-the-first-amendment-goes-too-far/

   According to a new poll from the Foundation for Individual Rights and Expression (FIRE), a First Amendment organization, nearly a third of Americans, including similar numbers of Republicans and Democrats, say that the First Amendment goes “too far” in the rights it guarantees. More than half agreed that their local community should not allow a public speech that espouses a belief they find particularly offensive.

   “Those results were disappointing, but not exactly surprising,” said FIRE Chief Research Adviser Sean Stevens in a Tuesday press release. “Here at FIRE, we’ve long observed that many people who say they’re concerned about free speech waver when it comes to beliefs they personally find offensive. But the best way to protect your speech in the future is to defend the right to controversial and offensive speech today.”

   The survey, which was conducted in partnership with the Polarization Research Lab (PRL) at Dartmouth College, asked 1,000 Americans about their opinions on free speech and expression. The survey found that “when it comes to whether people are able to freely express their views,” over two-thirds of respondents said they believed America was headed in the wrong direction. Further, only 25 percent of respondents agreed that the right to free speech was “very” or “completely” secure.

   The survey also asked respondents to read a dozen controversial statements and pick the one they found most offensive. The most disliked beliefs were that “all whites are racist oppressors,” followed by statements like “America got what it deserved on 9/11” and “January 6th was a peaceful protest.” The survey then asked respondents whether they’d agree with allowing this opinion to be expressed in different circumstances.

   Half of the respondents said that their community “definitely” or “probably” should not permit a public speech expressing the opinion they found most offensive. A whopping 69 percent said a local college should “definitely” or “probably” not allow a professor who holds such an opinion to teach there. Over a quarter of respondents said that someone who previously said the offensive opinion should be fired from their job.

   These results indicate that though the average American is concerned about protecting free speech rights, a significant portion of the population seem poised to welcome increasing censorship.

   “The average American already thinks that free speech in America is in dire straits. Most worryingly, they think it will get worse,” said Stevens. “These findings should be a wake-up call for the nation to recommit to a vibrant free speech culture before it’s too late.”

   1. People under the age of 30 shouldn’t be allowed to vote.

      1. 18-year-olds got the right to vote because they justifiably and successfully argued that they should be able to vote against the wars that they were being conscripted into.

         1. I think that’s a pretty solid argument. If taxation without representation is an issue, being conscripted to fight/die without representation seems even more substantial.

            1. ‘If taxation without representation is an issue, being conscripted to fight/die without representation seems even more substantial’

               Yeah, let’s debate if people should be able to vote for people who can seize them and send them to die for whatever current thing the US is up to.

               ‘The Overton window is the range of policies politically acceptable to the mainstream population at a given time.[1] It is also known as the window of discourse.’

               ‘The term is named after the American policy analyst Joseph Overton, who proposed that an idea’s political viability depends mainly on whether it falls within this range, rather than on politicians’ individual preferences.[2][3] According to Overton, the window frames the range of policies that a politician can recommend without appearing too extreme to gain or keep public office given the climate of public opinion at that time.’

               Overton described a spectrum from “more free” to “less free” with regard to government intervention, oriented vertically on an axis, to avoid comparison with the left/right political spectrum.[4] As the spectrum moves or expands, an idea at a given location may become more or less politically acceptable. After Overton’s death, his Mackinac Center for Public Policy colleague Joseph Lehman further developed the idea and named it after Overton.[5]

               The political commentator Joshua Treviño has postulated that the six degrees of acceptance of public ideas are roughly:[6]

               Unthinkable
               Radical
               Acceptable
               Sensible
               Popular
               Policy

               The Overton window is an approach to identifying the ideas that define the spectrum of acceptability of governmental policies. It says politicians can act only within the acceptable range. Shifting the Overton window involves proponents of policies outside the window persuading the public to expand the window. Proponents of current policies, or similar ones within the window, seek to convince people that policies outside it should be deemed unacceptable. According to Lehman, who coined the term:

               The most common misconception is that lawmakers themselves are in the business of shifting the Overton window. That is absolutely false. Lawmakers are actually in the business of detecting where the window is, and then moving to be in accordance with it.[5]

               According to Lehman, the concept is just a description of how ideas work, not advocacy of extreme policy proposals. In an interview with The New York Times, he said:

               It just explains how ideas come in and out of fashion, the same way that gravity explains why something falls to the earth. I can use gravity to drop an anvil on your head, but that would be wrong. I could also use gravity to throw you a life preserver; that would be good.[7]

               Criticism

               Laura Marsh of The New Republic argued that:

               Viewing politics through the Overton Window reinforces liberal notions about the moderate center, even as that center ground erodes. … Overton did little more than repackage the basic negotiating principle that if you ask for a lot, you will likely get more than if you ask for a little.[8]

               https://en.wikipedia.org/wiki/Overton_window

            2. ‘It just explains how ideas come in and out of fashion, the same way that gravity explains why something falls to the earth. I can use gravity to drop an anvil on your head, but that would be wrong. I could also use gravity to throw you a life preserver; that would be good’

               They aren’t sending their best.

            3. “Yeah, let’s debate if people should be able to vote for people who can seize them and send them to die for whatever current thing the US is up to.”

               On the eighth day God created the “all volunteer” U.S. military. Politicians could now breathe a sigh of relief whenever troops were deployed.

            4. conscripted to fight/die without representation

               Might lead to the War of 1812.

         2. 18-year-olds got the right to vote because they justifiably and successfully argued that they should be able to vote against the wars

            If this were true, 17 year olds would have been allowed to vote.

            In 1972 I was legally a child at age 19. I got married and got called up that year. I needed Mommy’s signature to get married. My Spousal Unit was 18 and she was an adult. She also didn’t get drafted.

            1. In 1972 I was legally a child at age 19. I got married and got called up that year. I needed Mommy’s signature to get married. My Spousal Unit was 18 and she was an adult. She also didn’t get drafted.

               That doesn’t make sense. Please explain.

            2. “In 1972 I was legally a child at age 19.”

               Did the obstetrician accidentally drop you? Sorry! 🙂

            3. Please explain.

               At that time, in NJ, men reached their majority at 21 and women did at 18. I wasn’t trying to make sense of it.

            4. men reached their majority at 21 and women did at 18

               That’s weird.

9. Are you overjoyed to read the news that US home prices are decreasingly affordable to anyone except the one percent?

   1. US home prices hit new all-time high in December
      By Anna Bahney, CNN
      2 minute read
      Updated 11:14 AM EST, Tue February 27, 2024
      …
      https://www.cnn.com/2024/02/27/economy/us-home-prices-december/index.html

   2. EVERYONE was in on the greed. Everyone. From builders to appraisers to sellers to sub contractors to agents to loaners to everyone. It was one giant GOUGE

      1. ‘’Everyone was in on the gouge”

         Everyone will be in on the bail out too. The problem is that financially responsible people are outnumbered. When it all goes pear-shaped, the profligate are going to vote themselves a handsome slice of the resources gleaned from the sensible minority to save themselves from the consequences of their own bad decisions. An inconceivable galactic size bail out is coming.

         VA which has been providing no money down mortgages and 100% cash out refis calls for halt to foreclosures:

         https://news.va.gov/press-room/va-calls-on-mortgage-servicers-to-pause-foreclosures-of-va-guaranteed-loans-through-may-31-2024/

         FHA suspends foreclosures for 60 days: https://www.housingfinance.com/news/hud-halts-foreclosures-for-60-days_o

         The entire US monetary and financial system depends on overpriced real estate and that system is going fight like a meth-crazed army of drooling red-eyed Orcs to defend its goblin infested empire,

         1. goblin… he he

      2. Excerpts from the Real Deal article:
         —-
         Solar farm developer Clinton Brown has allegedly defaulted on a loan at a Calabasas site where he wants to build a 200-home subdivision … The property, at 27250 Agoura Road, … covers 27.4 acres …

         …The project, described as a “new, vibrant California neighborhood,” will feature homes fitted with “the latest in smart home technology.” Three-bed, two-bath homes in the planned complex are already up for sale at nearly $1.1 million…

         “I just want to be able to develop this property for housing that we need today,” Brown told TRD.

         ————

         Because the “housing that we need to today” is million-dollar shacks on 0.10 acre of rocky terrain. 🙄 Probably zero-lot-line or townhomes. It reminds me of an article snippet that Ben posted a couple years back about overbuilding luxury shacks in India (or Indonesia): “I guess there just weren’t enough homeless billionaires to buy up the housing that was built for them…”

10. [Here is another long non-housing related (but interesting and informative) article …]

    Green Billionaires Press Hollywood to Promote Armageddon Climate Messages in Movies

    https://wattsupwiththat.com/2024/02/28/green-billionaires-press-hollywood-to-promote-armageddon-climate-messages-in-movies/

    Green billionaires are pouring money into discreet campaigns to persuade Hollywood writers to catastrophise the climate in future film and television scripts. One of their main vehicles is Good Energy, which tells writers that showing anger, depression, grief or other emotion in relation to the climate crisis, “can only make characters more relatable”. Los Angeles-based Good Energy is funded by numerous billionaire foundations including Bloomberg Philanthropies, the Sierra Club and the Climate Emergency Fund; the latter operation is part-funded by Aileen Getty and is one of the paymasters of the Just Stop Oil pests.

    Good Energy aims to weave climate alarm into all types of film-making, “especially” if it is not about climate. With the support of Bloomberg, it recently published ‘Good Energy – A Playbook for Screenwriting in the Age of Climate Change’. It claims the Playbook is “now the industry’s go-to guide to incorporating climate into any storyline or genre”. As with almost all green campaigning groups, Good Energy would not exist without the support of billionaire funding. These operations seek a supra-national collectivist Net Zero solution to a claimed climate emergency. Good Energy acknowledges it would not exist without this funding, adding, “as collaborators and champions, each has provided a unique contribution for which we are endlessly grateful”.

    Announcing the launch of the ‘Playbook’, Bloomberg Philanthropies, the tax-efficient ‘charity’ channel for distributing the wealth of former New York Mayor Michael Bloomberg, noted that “accurate and relatable storytelling about climate impacts and solutions can grow public support and motivate decision makers”. As regular readers of the Daily Sceptic will recall, billionaire foundations are grooming populations around the world by funding a variety of press, political and academic operations. Most significant non-profit bodies seeking to stop the use of hydrocarbons are funded from these sources. Few green campaigns arise from ‘grass roots’ these days. Put to the vote, for instance, the Green Party in the U.K. loses most of its election seat deposits.

    Since this is La La Land, Good Energy has some relevant advice for writers to normalise climate friendly actions. “Let’s reimagine what it looks like for a character to eat a plant-rich diet (Michelin Green Star restaurant, yes!), attend a protest or upcycle vintage clothes. And if your story requires a yacht, why not make it solar powered.” That last idea might appeal to super-yacht lover Leonardo DiCaprio, but private planes, the preferred method of transportation for many high-end Hollywood stars, might be a problem. Hypocrisy a problem with all this? Not according to the Playbook, which quotes climate activist Bill McKibben that “hypocrisy is the price of admission in this battle”. For plebs, gammons, fly-overs and deplorables, this of course translates as “you do what you are told and radically change your lives – we don’t give a flying flamingo”.

    Needles so say, a mere climate crisis is not enough for über-woke luvvies. It is not separate from other critical social issues like racism, sexism, economic injustice and war. The Playbook notes that “indigenous people are the first climate scientists, and indigenous people are leading us through this climate crisis”. Climate can be a “generative lens with which to view any subject or character”, the Playbook helpfully notes. For scripted entertainment, observes Good Energy, “the emotional truth is as important as the literal truth”.

    Good Energy was started in 2019 and its influence and services seem to be growing within the U.S. west coast film industry. Rolling Stone recently profiled the operation in an article titled ‘How Hollywood is Crafting A New Climate Change Narrative’. One of Good Energy’s “standout” projects last year was a collaboration with Scott Z Burns on the series Extrapolations for Apple TV+. This was said to be the first mainstream show centred entirely around climate. It starred Meryl Streep in eight interconnected stories over 33 years and was said to explore how the planet’s changing climate will affect family, work, faith and survival. Rolling Stone reports that the operation is “dedicated” to ensuring that within three years, 50% of contemporary TV and film acknowledges climate change.

    It is unsurprising that the power of film and TV to influence large audiences is being captured to promote a political message. During the 2021 COP 26 meeting in Glasgow, seven soap opera programmes in the U.K. including Coronation Street and Eastenders joined forces to highlight climate change. Most of the plot lines were clumsily inserted into existing storylines and in an era of declining audiences, the experiment does not appear to have been repeated.

    Nevertheless, elite billionaires are pulling out all the stops to insert climate Armageddon messaging into all forms of media. As I write, the BBC climate disinformation reporter Marco Silva is possibly learning how to improvise on the theme of a mango during his six-month sabbatical at the Oxford Climate Journalism Network. Past funders of the course include the European Climate Fund, which is supported by Extinction Rebellion funder Sir Christopher Hohn. Previous course attendees were told to pick a fruit such as a mango and discuss why it wasn’t as tasty as the year before due to the impact of climate change.

    Truly, La La Land meeting the make-believe world of BBC Verify.

11. Sen. J.D. Vance calls for crackdown on violent illegal aliens after nursing student Laken Riley’s murder (2/27/2024):

    “The Senate bill, co-sponsored by the Ohio Republican and introduced by Sen. Ted Cruz (R-Texas), is named for Kate Steinle, a 32-year-old San Francisco woman who was shot and killed in 2015 by a Mexican national who had previously been deported five times.”

    Five times?

    “The law imposes mandatory minimum prison sentences of five years on foreign nationals with aggravated felony convictions or more than one conviction who illegally re-enter the US after being deported.

    Versions of the bill have been introduced in both chambers of Congress since Steinle’s death, but it only passed in the House under former President Donald Trump in 2017.

    The Venezuelan national charged Monday with murdering Laken Riley was eligible for deportation last year after being accused in Queens of felony child endangerment as well as shoplifting in Athens, Ga.

    The NYPD released 26-year-old Jose Antonio Ibarra from custody in September before Immigration and Customs Enforcement (ICE) filed a detainer request.”

    Child endangerment? Shoplifting?

    “Ibarra also had a warrant out for his arrest as of Dec. 20, 2023, in Georgia for skipping his court appearance on shoplifting charges, according to pictures of the document posted online by state representative Houston Gaines.

    Riley, a 22-year-old nursing student at Augusta University, went out for a jog Thursday morning and was later found dead in a wooded area on the University of Georgia campus around noon, according to police.

    Ibarra allegedly kidnapped and killed her there, “seriously disfiguring her body … by disfiguring her skull” with an unidentified object, according to affidavits published by Fox News.”

    https://www.msn.com/en-us/news/politics/sen-jd-vance-calls-for-crackdown-on-violent-illegal-aliens-after-nursing-student-laken-riley-s-murder/ar-BB1j0xa6

    Globalist scum media tells us that the only thing preventing these Acts Of Love from resuming their previous careers as doctors and astronauts is the granting of the magical work permits.

    1. Globalist scum media.

       HuffPaint — Student Killed On UGA Campus Highlights Dangers Of Running Alone For Women (2/28/2024):

       “The 22-year-old nursing student’s body was found near a lake on the University of Georgia campus in Athens on Thursday. Her death has sparked renewed concerns about women’s safety while exercising by themselves, with random attacks on women walkers and hikers receiving a lot of media attention, too.

       The widely reported cases are usually followed by articles offering tips from self-defense experts and social media posts and essays by women expressing outrage that they should — and indeed, must — alter their behavior to guarantee their safety.”

       https://www.huffpost.com/entry/uga-student-killed-dangers-women-running-alone_n_65de2da4e4b0e4346d541b58

       Jonathan Greenblatt hand rubbing intensifies…

       1. Yes yes. Running is the problem.

       2. Student Killed On UGA Campus Highlights Dangers Of Running Alone For Women Who Live In a Country With Open Borders

          Fixed the headline.

       3. Wow. So the solution is to lock up the women inside while the criminals outside roam free? Sounds like something out of the Middle East.

          1. That’s because you, I and everyone else is expendable. The Narrative always takes precedence.

    2. Globalist scum media tells us that the only thing preventing these Acts Of Love from resuming their previous careers as doctors and astronauts is the granting of the magical work permits.

       A work permit is a back handed way of granting amnesty. Once they have the permit we will be told that they need green cards to be able to be fully effective.

12. A third U.S. Capitol Police security camera was turned away from the Democratic National Committee during the police response to the pipe bomb found near a bench at DNC headquarters on Jan. 6, The Epoch Times has learned.

    Security video obtained by the newspaper from Rep. Barry Loudermilk (R-Ga.) showed Camera 8021 that was recording the operations of a bomb robot suddenly panned away from the scene just before 2:21 p.m.

    The change in camera view happened 10 minutes before the Capitol Police unmanned ground vehicle (UGV) fired a water cannon to disrupt the pipe bomb for the second time in 20 minutes.

    After pointing up for a short time, Camera 8021 panned left to show D Street, then zoomed in various directions until settling on a nondescript parking-lot view for the rest of the day.

    A third U.S. Capitol Police security camera Camera 8021—located high on the Fairchild Building—is the third Capitol Police camera discovered to have been deliberately turned away from the unfolding pipe bomb drama during crucial operations of the bomb squad.

    As The Epoch Times previously reported, Camera 3173—located directly across the street from where the pipe bomb was found at 1:05 p.m.—turned away from the DNC building at 1:29 p.m., before the bomb squad arrived.

    Camera 8020—also located on the Fairchild Building—was filming the assemblage of the bomb squad on E Street Southeast when it, too, was directed away at 1:44 p.m. to focus on some distant railroad tracks and a highway overpass for the next 2½ hours. The Camera 8020 switch came just as the bomb robot turned up Canal Street Southeast headed for the DNC.

    Security cameras were controlled and monitored from the Capitol Police Command Center on the seventh floor of police headquarters on D Street Northeast.

    An official familiar with police command operations said directing cameras away from a developing crime scene in such a manner is “very, very odd.” ‘You absolutely would be having the camera operators training the cameras and scanning to see if anything else was going on down around the DNC,” the official said. “And you’re not seeing that. You’re seeing what looks like a deliberate move of the cameras to not record anything associated with the pipe bomb.”

    The latest development on the DNC pipe bomb only adds to a growing list of questions about the crime scene, how the event was handled, and if the pipe bomb was really a “viable” device, as claimed by the FBI.

    The initial nonchalant demeanor of Secret Service agents made no sense with what the FBI considers a weapon of mass destruction sitting within dozens of feet of the incoming vice president, Mr. Massie said during a recent podcast appearance.

    A police official familiar with explosives ordnance disposal agreed with that assessment.

    “If a pipe bomb goes off, shrapnel from that pipe bomb travels, it’s going to travel at about anywhere from 18,000 to 23,000 feet per second,” the official told The Epoch Times. “There’s nothing you can do.

    “By the time you hear the boom, the shrapnel is going to be hitting you,” the official said. “That’s just stupidity. Unless, for some reason, they had no reason to be concerned.”

    https://www.theepochtimes.com/article/3rd-pipe-bomb-camera-deliberately-turned-away-from-scene-5595947

13. Washington Post — We’ve been looking at inflation the wrong way (2/28/2024):

    “Why don’t Americans give President Biden more credit for a good economy? It’s one of the biggest questions heading into the election. Recently, polls and consumer sentiment have improved a bit. Even so, less than 40 percent of Americans call this a “good” economy — despite strong growth, unemployment below 4 percent, the stock market at record highs and inflation back around 3 percent.

    The key to understanding what’s going on is inflation. Many experts are looking at it the wrong way. The White House, the news media and Wall Street largely focus on the monthly reports that say how much inflation rose over the past month and year. For example, the latest read was 3.1 percent from January 2023 to January 2024 — down significantly from 6.4 percent a year ago. But many Americans think about inflation over a longer time, focusing on the cumulative increase since 2020. The number that sticks in most people’s heads is 20 percent. This is roughly how much inflation is up since the coronavirus pandemic began.”

    ^ The “pandemic” didn’t destroy the economy, government destroyed the economy.

    “Inflation has shocked and angered Americans. It doesn’t help that prices for many of the most visible items that people pay for frequently — gas, groceries, electricity and rent — have surged since 2021. Rent is up nearly 20 percent, while groceries are up 21 percent. Meanwhile, electricity is up 28 percent and gas is almost 35 percent higher. Some can recall what they used to pay. And on budget or banking apps, it’s easier than ever to compare costs now with those a few years back. Americans haven’t spent this much of their income on food in 30 years.”

    https://archive.is/gNTRx

    Are you any better off now than you were in January 2021?

    1. You are looking at the fact that you’ve been made poor by Biden’s policies all wrong. You see with this inflation you will eat less and thus be in better shape. Biden did that. Vote Blue!

    2. Why don’t Americans give President Biden more credit for a good economy? It’s one of the biggest questions heading into the election.

       When gaslighting falls flat on its face.

14. SAN DIEGO (FOX 5) — Point Loma residents gathered for a town hall Monday night to protest the placement of new homeless shelter on the site of an abandoned military barracks next to Liberty Station.

    The plan to establish the 700-person sprung-tent shelters, also known as bridge shelters, at the H Barracks facility just off Harbor Drive was proposed by San Diego leaders last year alongside the “unsafe camping ordinance” banning encampments in certain areas.

    During the town hall organized by the nonprofit Point Loma Cares, some spoke from personal experience to explain why they are fearful of the impact the shelter could have on the community.

    “There was a man in the bathroom with his pants down with a needle in his arm and my 7-year-old had to see that,” Derek Falconer, director of Point Loma Cares, told FOX 5. “I had to explain to a 7-year-old child why that was happening, and what’s going on.”

    “My story about my son, everyone has that story,” he continued.

    https://www.msn.com/en-us/news/us/point-loma-residents-protest-proposed-homeless-shelter-at-h-barracks/ar-BB1iZWEo

    1. They voted for this.

    2. The people in Tony nabes like Point Loma were not expecting this to come to where they live. The riff raff is supposed to stay in places like Spring Valley and El Cajon

       1. 700-1000 new homeless a day are being dropped off at San Diego transit centers right now. Ironically none of them seem to care about that. You made a comment the other day about expecting to see them sleeping in airports, well the San Diego airport is now allowing them to sleep there. Since Texas is mostly closed now, the border patrol is dumping them in San Diego. I remember a time when there would be some outrage but now no one cares. Sad!

          1. You made a comment the other day about expecting to see them sleeping in airports

             I didn’t say that, though I do expect to see that.

             What I did say the other day was that I expect these people to soon be flown straight into the US on charter flights. and that I also expect to see more invaders at airports than citizens.

             I will add that I expect to see citizens get bumped from their booked domestic flights to make room for invaders as they are relocated to the four corners of the country.

             Does that sound crazy? It does, but we are living in crazy times.

    3. “a man in the bathroom with his pants down with a needle in his arm and my 7-year-old had to see that”

       Vote like California, become California.

       Oh, wait…

       1. Years ago when I told acquaintances that I was leaving SoCal many were incredulous that I had chosen to leave “paradise”.

          I thought it already svcked back then; but not even in my wildest dreams did I think it would ever get this bad.

15. What? I love Biden now! I want 4 moar years followed by 8 years of Harris and then 8 moar by AOC.

    Winning!

16. A Seattle comedy club canceled on four stand-up comedians after angry community activists complained, according to the comedians involved. The shows at Capitol Hill Comedy/Bar purportedly offended left-wing community activists and progressive comics. The news broke as comic Shane Gillis finally performed on and hosted NBC’s “Saturday Night Live,” following his termination before even appearing because activists feigned outrage at a politically incorrect bit.

    Four comedians were scheduled to perform in Seattle throughout this year: Dave Smith, Luis J. Gomez, Jim Florentine, and Kurt Metzger. All are known for either being right of center or “unwoke.” The comedians say they received an email from the club co-owner and booker Jes Anderson, who is also a stand-up comic, saying the gigs had to be canceled. The decision came after “discussions with our team, investors, local comedians, and neighborhood advocacy groups,” according to an email posted by Florentine and Metzger that was sent to their manager.

    “Are they idiots for booking us and then unbooking us? Yes, it’s a dumb move. Is my former agent an idiot for booking me at a super woke progressive venue that like the entire lineup is like… blue haired… freaks?” Gomez said.

    When news spread the Seattle comedy club canceled on the four comics, the reaction was swift and punishing. “Who needs comedy when Seattle is already a joke. How embarrassing for you,” podcaster Joshua Smith said.

    https://mynorthwest.com/3952217/rantz-seattle-comedy-club-canceled-comics-over-offended-activists/

    1. Laughing is raysist

17. It has begun:

    The city of Denver on Monday announced some of its employees may have all their hours cut in order to reallocate funds towards dealing with the city’s migrant crisis.

    “The City of Denver is trying to avoid the word ‘layoffs’ when it comes to impending budget cuts. So instead, they’re telling some hourly on-call employees they may have their hours reduced to zero,” local NBC affiliate 9News reported.

    The city government is looking to cut $4.3 million in funding from its Parks and Recreations department and use that money towards handling the migrant crisis that has been stressing the city’s resources.

    They are starting with the low hanging fruit, of course. But that will soon be exhausted and the next cuts will be more painful

    1. Who will pick that low hanging fruit if not for migrants! Go Joe

    2. Non-Denver residents, let’s all make a point of not generating sales taxes revenue for Denver.

       Spend your money in Arapahoe, Larimer, El Paso Counties, anywhere but Denver.

18. County by county in California, as fentanyl overdoses escalate, local prosecutors are turning to a novel legal strategy to stem the spiraling death toll: charging drug dealers with murder.

    In July, Placer County reached a landmark plea deal that sent a man to prison for 15 years-to-life on charges of second-degree murder after he provided a Roseville teenager with a fentanyl-contaminated pill that proved lethal.

    A month later, a Riverside County jury issued a first-of-its-kind verdict against another man who supplied a lethal dose of a fentanyl-laced pill to a 26-year-old woman. He also was found guilty of second-degree murder and sentenced to at least 15 years in prison.

    District attorneys in Sacramento, Fresno, San Joaquin, San Bernardino and San Diego counties are using similar blueprints: going after alleged fentanyl dealers for homicide rather than drug sales, in hopes that the threat of harsher criminal penalties will ease an opioid crisis that killed more than 7,300 Californians in 2022.

    Many of the counties adopting the aggressive legal strategy are in “purple” or “red” areas of California, where more conservative law enforcement leaders have long embraced a tough-on-crime philosophy. Now, San Francisco city leaders — famous for their ultraliberal politics — are preparing to follow suit.

    In an October statement announcing the initiative, Breed said people selling the synthetic opioid are “on notice that pushing this drug could lead to homicide charges.” Jenkins said the effort would make it easier to hold dealers “accountable for the true dangerousness of their conduct.”

    It’s a remarkable shift in rhetoric and strategy for a city regularly lambasted by right-wing pundits as an anything-goes sanctuary for drug dealers and users. The new approach marks a decided bow to mounting pressure from residents and business leaders for the city to rein in an illicit drug culture that has fed the ranks of homelessness and transformed some downtown neighborhoods into squalid open-air drug markets where people are using — and dying — in the streets.

    https://www.msn.com/en-us/news/other/some-california-d-a-s-are-fighting-fentanyl-with-murder-charges-why-san-francisco-will-join-them/ar-BB1iTX2e

19. Joe Biden by Executive Order issued a Artificial Intelligence Bill OF RIGHTS that’s also on WEF web site.
    Basically the Blueprint is only suggestions as to how Artificial Intelligence should be regulated, with no real enforcement.
    The Blueprint outlines 5 suggestions as to the regulation of Artificial Intelligence.
    The first suggestion is that AI should be safe and effective. We all know how “safe and effective” turned out regarding Covid Vaccines.
    But, the bottom line is the AI Bill OF Rights, are not enforceable, and are just suggestions, in which its voluntarily if AI producers comply or not. In other words, there are no rules, just the illusion of rules.
    Klaus Schwab said, ” Who controls technology controls the World. “Control of the world is a big control when you have no real rules as to the use of this technology.
    As you see a unstoppable quick roll out of Artificial Intelligence, with no enforceable rules, basically just voluntarily compliance by Industry, its a lawless industry and a potential weapon of mass tyranny.
    And at the same time AI is given unstoppable freedom of expression and application, the Powers that Be are closing in on taking rights and freedoms from human populations.
    How do you like the New World Order now?

20. Maybe the gold collar criminals at the central banks could try doing their one and only job instead of sticking their porcine snouts into politics: ensuring sound currency and honest markets.

    https://www.bloomberg.com/news/articles/2024-02-28/why-ecb-and-bundesbank-leaders-are-no-longer-keeping-out-of-politics?

21. 1134 First Ave., between East 61st and 62nd streets,

    these people cant even look at a map its between 62 and 63 street. we lived at 1118 1st next to Dangerfields for 5 years which is between 61 and 62

22. Please join me, frens, in observing a moment of silence for the trillions in Yellen Bux “value” winging off to debauched currency heaven as the CRE bust gathers steam.

    https://www.msn.com/en-us/money/companies/the-office-market-is-so-bleak-that-canada-s-largest-pension-fund-sold-its-stake-in-an-nyc-building-for-1/ar-BB1iZF3k?

23. And at the same time by Executive Order, Joe Biden
    is handing over power and rights by Treaty to the corrupt and infiltrated World Health Organization to dictate Health Policy for the 196 Countries who sign this Treaty.
    How do you like your Borders being invaded, unbridled power being handed over to WHO by Treaty that would usurp all Constitutional protections. Basically no rules on Artificial Intelligence . Attack on first Amendment and censorship of dispute. Attack on over half of US population claiming law abiding Citizens are enemy of State. Attack on minors and Parental rights for brainwashing minors into changing sex. Women’s sports destroyed by men claiming they are women.
    Wars promoted that are leading to World War 3.
    A increase in crime, that threatens law abiding citizens and creates dysfunctional societies.
    Enemy forces of military age men crossing border, who are also being armed.
    Fentanyl, and other drugs crossing border, enough to kill each US Citizen 18 times.
    The evidence shows that there was no global COVID Pandemic, and death toll from COVID vaccines are around 20 million, and 14 million lives were not saved by bogus Health Protocols.The killer vaccines are still on the market in US which proves you don’t have a Government that protects you but a Government that’s been captured.
    Racism is a divide and conquer technique by New World Order/Great Reset.
    End game is New World Order wants to kill a lot people, and enslave the rest, controlled by Artificial Intelligence. NWO wants to control all resources, will dictate consumption, no will own nothing with no rights or freedoms, and eat bugs with no coffee to wash it down, with forced vaccines.

24. My $1,000 investment in FBTC is now worth over $1,300.

    To the moon, Alice. I’ll be retiring soon.

25. Illegal immigrant from El Salvador charged with murder in shootout that killed 2-year-old boy, injured teen mom

    By Social Links forYaron Steinbuch
    Published Feb. 28, 2024, 8:18 a.m. ET

    An illegal immigrant from El Salvador who faced deportation orders and had run-ins with the law has been charged with murdering a 2-year-old Maryland boy caught in a shootout while in a park with his teenage mom.

    Nilson Granados-Trejo, 25, was charged Monday with first- and second-degree murder, the fifth suspect busted for the Feb. 8 shooting that killed toddler Jeremy Poou-Caceres and injured his 17-year-old mom, cops said.

    The toddler was caught in the crossfire between two groups involved in a territorial dispute over drug dealing in Langley Park, according to charging documents obtained by the Washington Post

    Granados-Trejo was previously twice arrested on theft charges and had been ordered removed from the US by an immigration judge in New Jersey — but was repeatedly released from custody despite three immigration detainers, FOX 5 revealed.

    Still, his public defender argued that the suspect should be granted pretrial release because he was “at the wrong place, at the wrong time” as a passenger in the shooter’s vehicle, according to the Washington Post.

    https://nypost.com/2024/02/28/us-news/illegal-immigrant-charged-with-murder-in-tragic-shooting-of-2-year-old-boy/

    1. Acts Of Love.

       Let’s revive that almost forgotten Jeb!-ism from 2015-2016.

    2. 17 yo mom of a 2 yo boy. Bet she had a busy quinceanera.

       Langley Park is on the DC/MD border and has been a hotbed for new arrivals for decades. I bet they aren’t waiting for “work permits” to do a little landscaping under the table.

26. I wanted to post this using Yahoo or another MSM or Local news organization but they all fail to mention the person who was arrested being an illegal alien (invader).

    Honduran Illegal Arrested for Raping 14-Year-Old Girl at Knifepoint, Stabbing Man During Robbery In Louisiana

    by Dan Lyman
    February 28th 2024, 6:01 am

    An illegal alien from Honduras has been apprehended following multiple violent crimes in Louisiana this month, authorities say.

    On Tuesday, the Kenner Police Department announced Angel Matias Castellanos-Orellana, 19, was arrested and charged with first-degree rape, armed robbery, aggravated battery, and aggravated assault in relation to two separate incidents.

    https://www.infowars.com/posts/honduran-illegal-arrested-for-raping-14-year-old-girl-at-knifepoint-stabbing-man-during-robbery-in-louisiana/

27. A reader sent these in:

    Gogo Vacations Closes After More Than 70 Years – will result in over 200 job losses

    https://twitter.com/MacroEdgeRes/status/1762671438136266960

    The resemblance is uncanny

    https://twitter.com/SallyMayweather/status/1761860780373266939

    Expedia Group to eliminate 1,500 jobs – almost 10% of its workforce – CEO resigns

    https://twitter.com/MacroEdgeRes/status/1762228150015033751

    How do online travel agencies still employ almost 20,000 people? The grand Ponzi scheme #zerorates

    https://twitter.com/DonMiami3/status/1762233131984200080

    Jamie Dimon of $JPM: if rates go up and we have a recession there will be real estate problems

    https://twitter.com/unusual_whales/status/1762165187929641413

    When you wanted to be Paul Volcker and instead financial conditions are now as loose as they were before you even started raising rates.

    https://twitter.com/NorthmanTrader/status/1762431570487525835

    Another downtown St. Louis office tower gets receiver after loan default
    It’s the fourth-largest office building in the region with 759,608 SF.
    Bank of America Plaza at 800 Market St

    https://twitter.com/FCNightingale/status/1762183673472798787

    U.S. Commercial Real Estate Foreclosures Up 97% From Last Year, 17% Month-to-Month – Commercial Observer

    https://twitter.com/danjmcnamara/status/1761463077554319430

    House prices adjusted for inflation since 1975.

    The charts for Canada, Australia, New Zealand, and the UK look like a s**tcoin during a pump.

    The Japanese real estate bubble of the 1990s is barely visible as a comparison.

    Looks very sustainable…

    https://twitter.com/MacroAlf/status/1761025286496268422

    Of course it’s sustainable when half of the Fed’s f’ing balance sheet is MBS. Their goal is South Africa.

    https://twitter.com/DonMiami3/status/1761180680770232358

    Inflation is crippling middle class. Ppl maxing credit and buy now pay later. Why else would student loans be postponed for years? Young ppl wouldn’t afford to live. Wages only up on extreme bottom end and high end, not the middle. Housing is not an ATM. My house is 725k right now, and it should be the 350 it was in 2109. Economy is a joke fueled by the fed as Treasury

    https://twitter.com/Jaren_Briggs/status/1761084922876301786

    Outback Steakhouse parent Bloomin’ Brands to close 41 restaurants – affecting about 1,000 employees

    https://twitter.com/MacroEdgeRes/status/1762593307975168061

    Apple to reportedly eliminate hundreds of jobs in California due to cancellation of its vehicle project

    https://twitter.com/MacroEdgeRes/status/1762578934774788200

    Job openings are rapidly dropping due to higher rates – at a rate much faster than previous recessions in 00 and 07. More people and fewer job openings is a recipe for future demand problems in the economy when job growth stalls.

    https://twitter.com/DonMiami3/status/1762535545538785740

    Macy’s, $M, has announced that they will close roughly 30% of their stores (150) over next three years, will result in the total reduction of about 28,500 employees over this time frame

    https://twitter.com/unusual_whales/status/1762536243047661628

    Academy Mortgage is terminating 250 employees in Utah

    https://twitter.com/MacroEdgeRes/status/1762531557535822282

    The Canadian Pension Fund has sold 360 Park Avenue for $1

    https://twitter.com/MacroEdgeRes/status/1762530275463196820

    Sony is laying off 900 employees in its PlayStation unit

    https://twitter.com/MacroEdgeRes/status/1762479957916185028

    The delinquency rate for multi-family housing is now higher than the GFC, per Trahan MR
    Luckily we will all be able to live inside NVDA chips

    https://twitter.com/MacroEdgeRes/status/1762707944032870477

    New Zealand Central Bank discussed additional rate hikes, unemployment rate on recessionary track

    https://twitter.com/MacroEdgeRes/status/1762663953660887458

    I’m old enough to remember hearing aged NYC real estate guys say, “See that building over there…? I coulda bought it in [1932 or 1975] for nothing!”

    https://twitter.com/WallStCynic/status/1762545959949512825

    If I were Fed chair we are keeping rates at 25% until the cowards in Congress balance the budget, OnlyFans goes bankrupt, and inflation is returned to .01%.

    https://twitter.com/DonMiami3/status/1762623760182456573

    “The total cumulative easing over the past four months ranks as one of the most significant periods of relaxing financial conditions since at least 1982:”

    https://twitter.com/lisaabramowicz1/status/1762585892147929200

    Remember that when Fed speakers come out and tell the public with a straight face that the Fed is running a restrictive monetary policy.

    https://twitter.com/NorthmanTrader/status/1762598929923719231

    Yellen translated: I said the deficit is unsustainable but look at all that GDP growth it buys us.

    https://twitter.com/NorthmanTrader/status/1762465801624273152

    I’m so old I remember when the economy was larger than the debt.
    Note: That debt chart already outdated by $1.3 trillion

    https://twitter.com/NorthmanTrader/status/1762471794328424639

    Closing in on $34.4 trillion – should be there by end of the week; great progress fellas!

    https://twitter.com/RealEJAntoni/status/1762584034125676898

    It’s a retro economy, in the worst ways possible – we’ve had 40-year-high inflation, highest interest rates in 23 years, lowest housing affordability in 39 years, and now you’re devoting more of your income to food than anytime in the last 30 years:

    https://twitter.com/RealEJAntoni/status/1762570557348888970

    1. Whoever is curating all these links, fantastic work!

       1. +1

    2. Jamie Dimon of $JPM: if rates go up and we have a recession there will be real estate problems

       – Thank you Jamie, Captain Obvious. That’s some real actionable info. there bro. RE is very sensitive to rates. This is well known, and “suddenly” there’s a cost to capital. Insert my shocked face here. 😮

       – BTW, aren’t we there already? CRE is serious dumpster fire. In my view, many of these bldgs. will simply be torn down. RRE median prices are already down significantly from the peak (Case Shiller index is lagging). Something like close to $0.8-1.0 T of CRE loans are resetting in ’24. Hint: They’re not resetting LOWER. Lots of these bldgs. are in Blue/Commie cities where no one is safe and no one wants to work or live anymore, thanks to their (intentional) Leftist policies. Think “I Am Legend” and you won’t be far wrong. CRE vacancy rates are ridiculously high. Who’s going to refinance these? Regional banks? 😂

       – RRE is on a slower path, but SFHs are still priced at sub-3% mortgage rates, while the current 30 yr. fixed rate is 7.15%. A quick calculation shows shacks are overpriced by about 40% right now, just based on rates, and not including any other metrics like price to rent or price to income. This will take more time, I think.

       – I think a recession sometime in ’24 is now likely. Waiting for the employment shoe to drop. Tick tock. ⏰

    3. “It’s a retro economy, in the worst ways possible – we’ve had 40-year-high inflation, highest interest rates in 23 years, lowest housing affordability in 39 years, and now you’re devoting more of your income to food than anytime in the last 30 years:”

       “Socialism (aka Communism) is Western Civilization in retrograde.” – I said that

       – Also birth rates are way down under this opressive/regressive system, since few can afford to raise and feed a family. Disagree? Check out Venezuela, where the citizens are dumpster diving to feed themselves.

       – In unrelated news, Venezuela is sending their (best) prison population here via Slow Joe’s open border policies. Their serious crime rate is the lowest in years. The U.S. Blue cities, not so much… I’m not feeling the love here. ☠️

       – In my view, there will either be a change of regime in November, or a civil war. We are already at war, but most just don’t know it yet…

28. The evidence shows that the bulk of Countries and Governments have been infiltrated and captured by One World Order forces.
    Rigged elections are installing political puppets to advance One World Order dictorship.
    World wide border invasions to install enemies of Countries Citizens.
    This take over was planned going back at least 100 years.
    John Kerry at Davos said in essence that no governments can stop what he called ” market forces.”
    ” Market Forces” is a fancy word for Monopoly Corporations, Rich Elites, Big Pharmacy, Banks, and the other co conspirators, in collusion with bulk of global governments, UN and WHO, etc.
    The market forces of Monopoly Corporations buying the news, and controlling the fraudulent narratives of mass destruction is evident.
    It’s all so apparent now, but all the years of them operating covertly in their schemes of take over wasn’t so clear.

29. Sen. Mitch McConnell (R-Ky.) will step down as Senate GOP leader in November, ending a record 17-year tenure at the helm.
    The Associated Press was the first to report the move.

    Mr. McConnell has been Senate GOP leader since 2007. He was majority leader of the Senate between 2015 and 2017 and minority leader between 2007 and 2015 and again in 2021.
    Mr. McConnell reiterated that he is not leaving the Senate, though he said he will be in “a different seat in the chamber” as opposed to the seat in the front row where he currently sits.

    This move comes as Mr. McConnell, 82, is the only member of GOP congressional leadership to not endorse former President Donald Trump, the GOP front-runner. Mr. McConnell has had a tense relationship with President Trump.

    In what was an apparent shot at President Trump and his supporters, in addition to Democrats, Mr. McConnell remarked, “There are many challenges we must meet to deliver for the American people, and each will have my full effort and attention. I still have enough gas in my tank to thoroughly disappoint my critics and I intend to do so with all the enthusiasm with which they’ve become accustomed.”

    But, as it pertains to being the leader of the Senate GOP, Mr. McConnell said, “It’s time for the next generation of leadership.”

    https://www.theepochtimes.com/us/mcconnell-stepping-down-as-senate-gop-leader-5596944

    1. “the next generation”

       So, replace a 82 year old with a 78 year old?

       1. We need more GenX in government. We don’t take no shi!t.

    2. Cocaine Mitch! Leaving while Rome burns

30. Real Estate Roulette – Toronto Homeowners Taking Big Risks (Real Estate Market Update)
    Team Sessa Real Estate
    18 hours ago

    In this episode we take a look at the current Toronto Real Estate detached home prices and market trends for week ending February 21, 2024. We also discuss how some people get themselves into serious trouble by purchasing a property without having their home sold first. When you need the equity in your current home to go into your new home, it’s a massive gamble to purchase first without knowing what price your home will sell for or if it will even sell. Yet, many people do this and get themselves in trouble when their sale doesn’t pan out the way they hoped.

    Chapters
    0:00 Homeowners Taking Big Risks
    10:18 Toronto Real Estate Market Update
    18:32 Our New Listing At 116 Lansdowne Ave!

    https://www.youtube.com/watch?v=39i_QsbYKdY

    19:31.

31. Another globalist scum media outlet folds. Good riddance.

    https://www.news.com.au/finance/business/media/devastation-as-major-media-firm-shuts-down/news-story/f340ee85e7e9b321d59486bc0d061f34

32. ‘allegedly defaulted on a loan at a Calabasas site where he wants to build a 200-home subdivision, The Real Deal has learned. The property, at 27250 Agoura Road, is currently on the market for $29 million, according to a listing on Zillow and other websites. The vacant lot covers 27.4 acres perched atop the Calabasas hills. Three-bed, two-bath homes in the planned complex are already up for sale at nearly $1.1 million, based on the company’s website…A section of a massive East Bay development that would create a new mixed-use neighborhood has flopped into a loan default. The land in default is located in San Leandro and is a key portion of the Monarch Bay Shoreline development that has been in the planning and approval stages for years. All told, the development site would span 75 acres in a scenic stretch..Development has proposed the construction of 206 for-sale houses, consisting of 144 single-family residences and 62 townhouses’

    All they have to do is pay their loans, build the shacks and bam they got hundreds of California pots of gold.

    And they gave it away.

33. ‘The 12-month net absorption totals 5,000 units, much lower than the market’s historical average of 12,000 units,’ Matthews senior associate Sam Jackson wrote in a 2023 multifamily market analysis. ‘This slowdown in absorption comes at a time of a near-record pipeline of 22,000 units under construction, causing the vacancy rate to rise to a new record high’

    Once again they deliver a record amount just when the wheels come off. Funny how that keeps happening with these luxury airboxes.

34. Seems like the number of “motivated” sellers is rising as more and more STR speculators can’t make the numbers work.

    https://twitter.com/texasrunnerDFW/status/1762843430403580120

35. Remember when the globalist scum media told the unvaccinated they should make an end-of-life plan? To the tiny remnant of the un-vaxxed who survived the massive die-off Biden assured us was coming, have you updated your end-of-life plans lately?

    https://www.newsweek.com/are-you-unvaccinated-its-time-make-end-life-plan-opinion-1622867

    1. I would have made an “end of life” plan had I been foolish enough to take the jab.

36. Janis Joplin- Try (just a little bit harder):

    https://www.youtube.com/watch?v=vU9Dsl89UGo

    1. Sly & The Family Stone — Plastic Jim:

       https://www.youtube.com/watch?v=mFr8w8QPI9E

       1. Crosby, Stills & Nash — Pre-Road Downs:

          https://www.youtube.com/watch?v=VP569PHmoFQ

          1. Traffic — Who Knows What Tomorrow May Bring:

             https://www.youtube.com/watch?v=HuOaewwSOS0

             1. The Kinks — Waterloo Sunset:

                https://www.youtube.com/watch?v=N_MqfF0WBsU

             2. Found this in the column to the right when I was listening to the Traffic tune you posted. Both made my evening more enjoyable, thanks.

                Light Up Or Leave Me Alone · Traffic

                https://youtu.be/o-QKduja9wk?si=8lg6B8BtuBXiwzE3

37. The Kinks — Rats:

    https://www.youtube.com/watch?v=lAlVex9CobU

    1. Traffic — Feelin’ Alright:

       https://www.youtube.com/watch?v=jvAByzXT1U8

38. Justin Trudeau Looks Frustrated When He Realizes No One Trusts Media
    The Rubin Report
    1 hour ago

    https://www.youtube.com/watch?v=Y6nNa84ZfXs

    2:10.

    1. In the field of local, live home entertainment, Justin Trudeau is a god!

       https://youtu.be/1VetxbPzE_g?si=ORw3EGop2IRtrnby

39. Finance China
    Frustrated creditors demand the liquidation of Country Garden, once China’s largest developer, weeks after courts order Evergrande’s winding up
    Country Garden is now the epicenter of China’s real estate crisis, after the property developer defaulted on its debt last October.
    BY Lulu Yilun Chen, Dorothy Ma, AND Bloomberg
    February 28, 2024 12:31 AM EST
    Country Garden is the new epicenter of China’s property crisis after the real estate giant defaulted on its debt last October. CFOTO—Future Publishing via Getty Images

    Country Garden Holdings Co.’s debt crisis is entering a new chapter, after a Hong Kong court received a creditor’s petition to liquidate the Chinese developer, a move that adds pressure on the defaulter to quicken its restructuring efforts.

    The first hearing date is scheduled for May 17 at Hong Kong’s High Court, after Ever Credit Ltd. filed its so-called winding-up petition dated Tuesday. Country Garden failed to make payments on a term loan facility of about HK$1.6 billion ($204 million), plus accrued interest, to the lender, according to an exchange filing.
    …
    https://fortune.com/asia/2024/02/28/country-garden-winding-up-petition-liquidation-evergrande-china-real-estate-crisis

40. Deseret News
    Deseret Magazine
    Perspective: How high rents and home costs threaten our democracy
    With a new bill before the Legislature, Utah can take one small step toward ensuring the American Dream
    Published: Feb 15, 2024, 9:00 p.m. MST
    By Valerie Hudson

    The housing crisis facing the United States is not just about housing stock, zoning, mortgage rates or government regulations. The ability of Americans to buy their own home is at the foundation of family formation and wealth accumulation sufficient to create a middle class. It also provides the material foundation of the American conception of freedom. As President Franklin D. Roosevelt put it, “A nation of homeowners, of people who own a real share in their land, is unconquerable.” Dispersed property ownership is one key hallmark of democracy.

    But we’ve seen that foundation eroded by what some have called the “new feudalism.” Young families have been forced to become a type of serf, where they will stand very little chance of getting on the property ladder, and where the wealth they might otherwise have built for their family’s future goes to high rents instead. Neighborhoods and communities are weakened in the new feudalism, for property-holding is associated with greater emotional and economic investment by families. Fertility rates are also affected by the ability to own housing, as young families prefer less dense housing, cost stability and the ability to build equity to help meet the family’s needs.

    In addition, to whom a young family’s rent is paid has also changed dramatically. Investment firms have robustly moved into the single-family housing market, in addition to their traditional interest in multiple-family dwellings. Approximately 1 in 5 homes is bought by an investment firm now (in some areas, it’s 1 in 3), and homeownership rates are dropping. In the 1970s, homeownership stood at about 63%; among young adults, it’s now down to 37%, and that’s not necessarily by choice. Investment bidding on housing has driven up prices dramatically.

    These powerful landlords have raised rents by an average of 23% nationwide in the past year, and up to 40% in some locales, as well as tacked on numerous new fees (some patently extortionate), not to mention the euphemistically called practice of “re-tenanting.” Repairs are now typically made the responsibility of tenants. One renter described her Wall Street landlord as “a huge, billion-dollar slumlord.”

    In short, there are profound costs not only to families, but also to our entire society, from this shift in the housing market. Many counties and municipalities are taking action to limit the worst excesses. In an earlier article, I survey many different approaches, which center around coming up with ways to restrict sales of housing to corporations and investment firms, and also devising ways to incentivize corporations and investment firms to sell housing stock they already own to ordinary buyers.

    How to take the first step? I have been heartened to learn there is a bill being proposed in the Utah Legislature at this time that endeavors to do just that: HB0511. This bill would mandate that owners of single-family rental units, not to include apartments, must identify themselves and also how many such units they own. It is important to be able to know whether the owner is a corporation, an individual or a “pass through entity” (an intermediary for another entity).

    It’s also important to know whether such an owner owns 10-50 such units, or more than 50 such units. Without this knowledge, to what degree the Utah housing market has been bought up by investment firms or foreign-owned firms cannot be known. Knowledge is power, and this knowledge is the first step for Utah to tackle the situation.

    This same logic is echoed in another bill proposed in this legislative session, HB516, that would prohibit sales of Utah land to foreign entities. The bill mandates county recorders report any such proposed to the Utah Department of Public Safety. Land is very important, but equally important are the single-family residences that Utah’s families must live in as renters. We need to know ownership of both.
    …
    https://www.deseret.com/2024/2/15/24073174/housing-crisis-high-rent-costs-investment-firms-landlords/

    1. As President Franklin D. Roosevelt put it, “A nation of homeowners, of people who own a real share in their land, is unconquerable.”

       Haven’t heard this one ’til now. Thanks!

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