The Buyers Aren’t Going To Come In And Pay List Price

1. You will own nothing

   1. You will own nothing.

      1. Your seed you will not spread.

2. ‘They are simply exploiting the system, and I’m not getting justice. Justice is delayed. I would say justice is denied. The judges are not ready to listen to me, and this is not what the American dream is,’ he said.”

   Don’t complain. This is what you voted for.

   1. “American dream”?…….are we still using that expression? Dude, you bought into a long dead notion.

3. ‘Nobody in here would have bought in an AE flood zone,’ said Liz Beckman. ‘We just would have gone to another community’

   Here’s the thing Liz, you did borrow for a flood zone.

   1. ‘With the new county flood maps this year, Jennings’ home went from being in Zone X to Zone AE, a high-risk flood zone.’

      Y’all gotta roll with it, Tanya.

   2. Some of the online home sale sites now list the flood zone hazard.
      Realtor.com for one. I live close to two rivers (but not that close) so I check frequently if I see a property I’m interested in. With the costs involved maybe do a little research before you buy.

4. ‘the National Association of Realtors agreed to a $418 million court settlement to end its practice of directing home sellers to offer to pay the commission for buyers’ agents. Right now, sellers generally pay both their agent and the buyer’s agent a fee of around 2.5% to 3% of the sale price. For a $1.1 million home — the typical cost in the Bay Area earlier this year — that could come to about $66,000. Generally, the charges are baked into the listing price’

   Here’s how this has been done: AFTER a price is agreed, the buyers agent will say to the sellers agent, ‘hey can we raise the price by X number of thousands and let the buyers keep the excess at closing for that exact amount cuz my client doesn’t have any money.’ So all the out of pocket costs get rolled into the mortgage with the scam completed at closing.

   This lawsuit just exposed it, but probably millions of loans have been made at over 100% of ‘value’. Which pushes up the comps! I’ve never seen an appraiser fail to hit the over 100% number. Lender says nothing. This is most prevalent in subprime lending like FHA, USDA, but bay aryans are doing it too. Sound lending!

   1. Rolling that sh.it into a loan is so freaking dumb. If you need to do that, you can’t afford the home.

      1. Now we find out how common this was. Why do we expect buyers to have some money? There’s less risk for the loan if they’ve demonstrated they can save a few thousands. That’s why not too long ago you couldn’t receive gifts to cover down payments. The REIC/guberment did away with that too.

         Basically you’ve got the guberment loan guarantors actively running a subprime scheme. Why would they do this? Because they personally won’t lose one penny when it blows up.

         1. These government-attenuated lending schemes have a recurring pattern of blowing up every one-to-two decades or so, and leaving behind a massive financial wreck.

            In the late 1980s it was the S&L crisis.

            In the twenty-oughts, subprime mortgage lending.

            What will be the moniker for the next lending scheme collapse, perhaps subprime 2.0?

            1. “next lending scheme collapse,”

               Probably the Bank Term Funding Program, the whatever-it’s-called that saved SVB and others. That — and CRE — are what’s going to blow up next. It’s happening already.

      2. It sounds dumb to roll buyer’s agent costs into the loan, but it’s been baked into house prices (and fees and closing costs) for decades now.

         Not just related to housing, but the pricing structure for everything in our society, is built to siphon away the last penny of middle-class savings. A few years ago here on HBB we had a conversation that went something like: “If there is a single dollar doing nothing in a regular person’s savings account, the beancounters aren’t doing their job.” So we’ve already had decades of people on the cusp not being able to save. Suddenly asking homebuyers to pony up another $12K cash is going to be a shock.

         That said, I don’t think things are going to change much. Buyers aren’t going to suddenly have another $12K cash to pay the buyer agent, and I don’t think they’re going to say “sorry I don’t have that extra $12K, so I’m walking away now.” No, I think buyers will still ask to roll the buyer closing costs into the loan, and the buyer agent and seller agent will make an individual deal. As long as any of the parties have the option to refuse such a deal, it’s no longer forced, and therefore it would be legal.

         1. The process of selling a home in the US is rife with parasites who have their hands out, wanting their “cut” of the deal.

            1. The process of selling a home in the US is rife with parasites who have their hands out, wanting their “cut” of the deal.

               I’ve never purchased a home. Anything to look out for to protect myself?

            2. Unless you pay cash and both you and the seller are performing the transaction without realtors. most of the closing costs are non negotiable. And in the US are stratospherically expensive compare to other countries. And these expenses add nothing of value to the transaction, they are parasites “taking a cut” from your transaction.

            3. “I’ve never purchased a home. Anything to look out for to protect myself?”

               I bought a FSBO house, and we did the closing at our local title company. I went with a fixed rate conforming mortgage. I bought in early 2003 following the dotcom bust, a severe dip in the housing market.

            4. @In Colorado + rms:

               Thank you! Much appreciated.

         2. ‘roll buyer’s agent costs into the loan, but it’s been baked into house prices (and fees and closing costs) for decades now’

            Not really on this scale. For instance, in 2017 or so I read about VA loans being 10 times the market share from 2007. That was years ago, it’s almost certainly worse now. I suspect the same for FHA etc, but we just don’t see those numbers talked about do we? The examples I’ve seen with my own eyes multiple times was everything was rolled in: down payment, closing costs, agent costs. What’s been shown here is many buyers have no money and they are buying a more expensive shack than 2007. This is a last ten years thing.

            ‘I think buyers will still ask to roll the buyer closing costs into the loan’

            This is what has come out so far: the UHS are not going to put that in. This was a UHS deal all along, winking at appraisers, etc. I’m sure they will get creative on the lending side, they never stop at that. But interest rates and inflation changed the playing field. Plus the mania is long in the tooth. IMO we should be hearing ‘they had no business giving me that loan’ not too far down the road.

            1. Amen. What I said the other day. The band is just now warming up for the victim parade.

   2. Realtors are liars.

   3. It must be a tough time to be a relitter. “Who moved my cheese?”

      1. Exclusive
         DOJ escalates price-fixing probe on housing market

         The investigation adds to the legal difficulties facing the housing sector
         …
         By Josh Sisco
         03/20/2024 10:00 AM EDT

         The Justice Department is expanding its probe of the rental housing market, opening a criminal investigation of a top developer of property pricing software and some of its customers, according to four people with knowledge of the matter.

         The DOJ is looking into the possibility that RealPage is facilitating price-fixing among some of the large residential property owners and management firms that use the company’s product, according to the people, who were granted anonymity to discuss a confidential matter.
         …
         https://www.politico.com/news/2024/03/20/rental-housing-market-doj-investigation-00147333

   4. “…So all the out of pocket costs get rolled into the mortgage with the scam completed at closing….”

      And everyone in the REIConplex holding cost chain benefits: Insurance companies who can then justify higher premiums, Taxing agencies collecting property tax on a property with a higher ‘value’, even maintenance services (ie plumbers) who jack up prices in ‘expensive’ neighborhoods.

      I am sure there are other examples.

      Even a 1% price premium for these costs over a long time period can add up to some serious $$$.

   5. You are right the appraiser always hits the target prices … except with my luck for my 2012 purchase and renovation. My post-construction appraised value was $10k less than what the bank would lend on it so I had to pony up another $10k. However I’ve only seen it one other time where some bozo with an FHA loan during the pandemic bid $100k over the comps on a small townhouse and the appraisal not unsurprisingly came in $100k too low. Appraiser probably thought it was fraud, wanted nothing to do with it.

5. The wheels have come off the British EV sector in the past few months.

   It began in October with the collapse of electric lorry maker Volta, wiping out 600 engineering jobs in the UK. Next came electric bus manufacturer Arrival, which entered administration in February after cutting more than 800 UK roles. And just this week we saw the failure of the commercial arm of Silverstone-based electric ‘upcycler’ Lunaz, which will likely take another couple of hundred jobs with it.

   These were all nascent startups that were low on cash and lacked clear business models. But only a couple of years ago, investors were prepared to throw bags of money at them at heady valuations. Lunaz was once reportedly worth $200 million, Volta had raised 300 million euros at a 600 million valuation and Arrival once hit a giddy $13 billion market cap on the Nasdaq.

   What has changed since then? For a start, the global EV market has proved a lot harder to crack than hoped. American electric carmaker Rivian has seen a more than 90% drop in its share price since its 2021 IPO after hitting production troubles and missing sales targets, while tech giant Apple has reportedly abandoned all plans to launch its own vehicle.

   But there is something specific to the UK that made things worse: a speech by Rishi Sunak in September in which he tore huge chunks out of the government’s net zero commitments, including delaying the ban on selling new petrol cars.

   Aside from decimating EV investment, this short-sighted manoeuvre has already pushed consumer behaviour into reverse gear. In December, battery-electric vehicle sales fell by more than a third, while petrol car sales jumped by a similar proportion. The OBR previously forecast more than two-thirds of car sales would be electric by 2027. Now? Less than half.

   We will still all be driving an electric car in twenty years’ time — that hasn’t changed. But the chances that the vehicle will be British-made are becoming vanishingly small.

   https://www.msn.com/en-ph/lifestyle/lifestyle-buzz/the-uk-s-ev-sector-is-rapidly-unravelling/ar-BB1kdNO8

   1. BTW Sunak is globalist scum. He did this because this crap isn’t going to work and the pressure is forcing these eco-nutjobs to back down before it’s even implemented.

   2. “We will still all be driving an electric car in twenty years’ time”

      No. No, we won’t be.

      1. Agree. The only thing that’s going to stop ICE cars is bona-fide Peak Oil.

         I don’t know if T is going to be re-elected this time, but I just don’t see the Dems staying in power for the next 20 years, not even with their new voters. 20 years of this chaos is plenty enough time for all the idealistic liberals to get mugged and turn conservative, so to speak.

         1. You don’t get it.

            They don’t need actual voters, all they need are the ballots.

            1. Exactly

            2. I don’t disagree. But what I’m thinking is, here’s what it takes to pull off a paper ballot coup:

               1. $400 million zuckbux
               2. Intense hatred aimed at a single name.
               3. A few willing physical mules — a couple thousand IIRC — to do their jobs in at least a couple dozen separate locations.

               Are we going to have that 20 years from now? If the most hated man in America has been dead for 10 years, and your car was just kill-switched for the third time this month because you drove an extra 5 miles for the better-tasting soylent, and the newcomers that you first welcomed are now breaking in your windows and squatting in the home office where you used to have a job, would you as be willing to mule some boxes on election night? Possibly not.

            3. You presume that the next generations are going to be neo Reaganites, they’re more likely to be neo Stalinists.

6. Next president ?

   https://californiaglobe.com/fr/californias-20-minimum-wage-fast-food-bill-gets-even-messier/

   In late February, the Globe reported that California Governor Gavin Newsom facilitated the exemption for a longtime friend from high school, donor and the billionaire who owns Panera Bread, from California’s new $20 minimum wage law. The exemption was written to the Panera Bread business model: A business operating a bakery and selling bread as a standalone menu item since September 2023, was exempted from AB 1228. Greg Flynn owns more than two dozen Panera Bread locations in California. And in addition of being a high school chum, Flynn contributed at least $164,800 to Newsom’s political campaigns, we learned.

   1. Note to youg adult kidz: Don’t work at Panera Bread…

7. Are you worried that higher-for-longer inflation may ultimately dissuade the Fed from making any rate cuts in 2024?

   1. Central Banks
      Top U.S. asset manager Vanguard doesn’t believe the Fed will cut interest rates this year
      Published Thu, Mar 21 2024 7:45 AM EDT
      Sam Meredith

      KEY POINTS

      – Top U.S. asset manager Vanguard doesn’t expect the Federal Reserve to cut interest rates this year, defying the view from Fed officials that rates will be reduced three times in 2024.

      – Vanguard isn’t alone in predicting zero rate cuts this year.

      – Sycamore Tree Capital Partners’ Mark Okada told CNBC last week that there’s a “good chance” the central bank doesn’t cut in 2024.

      Vanguard doesn’t expect the Federal Reserve to cut interest rates this year, defying the view from Fed officials that the central bank remains on track to reduce rates three times in 2024.

      The Fed on Wednesday left interest rates unchanged for the fifth consecutive time, as expected, keeping its benchmark overnight borrowing rate in a range between 5.25%-5.5%.

      It also said it still expects three quarter-percentage-point cuts by the end of the year.

      The message fueled a market rally in both the U.S. and beyond. The three major stock market indexes in the U.S. all closed at record highs on Wednesday, while in Europe, the pan-European Stoxx 600 rose to a fresh record high on Thursday morning as investors cheered the prospect of multiple rate cuts.

      Traders are currently pricing in a roughly 68% chance of a first Fed rate cut in June, according to the CME FedWatch Tool.

      Top U.S. asset manager Vanguard, however, isn’t convinced.

      Its base case is no rate cuts by the Federal Reserve in 2024, and Shaan Raithatha, senior economist at Vanguard, said this could have ramifications for central banks — and markets — around the world.

      “As you all know, rate cuts have already been priced down from seven rate cuts at the start of the year to three,” Raithatha told CNBC’s “Squawk Box Europe” on Thursday.

      “So, it depends on the reason why … If it is because of the strong economy, especially supply-side driven growth, which is also disinflationary, then perhaps the stock market can continue that rally. But also at Vanguard, what we also believe is that the U.S. equity market is relatively overvalued at this stage.”

      Vanguard isn’t alone in raising the possibility of zero rate cuts from the Fed this year.

      Mark Okada, co-founder and CEO of Sycamore Tree Capital Partners, told CNBC’s “Closing Bell” last week that there’s a “good chance” the central bank doesn’t cut rates in 2024.

      “We are in the higher-for-longer camp,” Okada said on March 12.
      …
      https://www.cnbc.com/2024/03/21/vanguard-doesnt-believe-the-fed-will-cut-interest-rates-this-year.html

   2. I want rate hikes, not rate cuts.

      Paying interest = Donkey math.

      1. “Thems that understands interest receives it, thems that don’t pays it.”

         https://www.churchofjesuschrist.org/study/general-conference/1995/10/if-ye-are-prepared-ye-shall-not-fear?lang=eng

         1. According to Einstein, “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”

      2. When my father died, he left me and my sister nothing.

         1. When my father died, he left me with half a century of wonderful memories. He was my best friend.

            1. ☝️ Well stated.

            2. When my Father died, he left me his 20 year old pocketknife.

         2. Did he leave it to a mistress, or was he not productive?

         3. A good man leaves an inheritance to his children’s children.

            Proverbs 13:22

8. TRENDS
   Michelle Mack of ‘California Girls’ Cosmetics Theft Ring Desperately Tries To Unload San Diego Mansion By Lisa Johnson Mandell
   Mar 20, 2024
   Michelle Mack, the woman charged with masterminding a theft ring known as the “California Girls,” is desperately trying to unload the San Diego-area mansion where she allegedly based her criminal activities.

   The home in Bonsall, CA, hit the market in mid-February. The price was slashed twice in the 10 days after that, before landing at its current $2.75 million ask.

   Mack is accused of working with up to 12 women to steal nearly $8 million worth of fashion and beauty products from national retailers—including Macy’s, Bloomingdale’s, Prada, Victoria’s Secret, Sunglass Hut, and LensCrafters—and then selling the purloined goods online.
   …
   https://www.realtor.com/news/trends/michelle-mack-california-girls-theft-ring-sells-san-diego-mansion/

   1. Nice place. Retail arbitrage is so much easier when you don’t pay anything for it, however, many people make a decent living doing it honestly.

   2. Wow, that actually looks like its worth $2.75 million. But that 3.2 acres seems a bit small. I would have planted at least a half-acre in doomsday homestead crops.

      1. The trick is irrigating it. I’ve heard of avocado groves being cut down because they can’t be watered.

9. New York Times — Inspired by Texas, Republicans in Other States Eye Immigration Bills (3/20/2024):

   “On Tuesday, the same day that Texas was briefly allowed to enforce a new law empowering police officers to arrest unauthorized migrants, Iowa lawmakers passed a bill that would make it a crime to enter their state after having been deported or denied entry into the United States.

   At least seven states, all controlled by Republicans, are hoping to follow suit or have already considered bills that were not passed.

   The flurry of laws and proposals meant to crack down on undocumented migrants entering the country is part of the extraordinary mix of immigration, litigation and politics that is producing legal gridlock in the courts and confusion at the border.

   The fate of all of these bills, though, will most likely hinge on the outcome of the Texas case, according to legal analysts and groups involved in migration issues. If the Texas law is upheld, then observers expect even more bills from Republican-leaning states modeled after what Texas did.”

   https://archive.is/RHu5Y

   And if the courts block this, time for secession.

   You are living under an unelected, illegitimate, occupation government, one which gives more rights to criminal invaders than to its own citizens.

   You are being replaced.

10. [Zombies.]

    Office owners are on ‘borrowed time’ as maturing debts can’t be pushed off much longer, Goldman Sachs says

    https://www.msn.com/en-us/money/realestate/office-owners-are-on-borrowed-time-as-maturing-debts-can-t-be-pushed-off-much-longer-goldman-sachs-says/ar-BB1kb5Pk

    Many troubled office loans have been extended or modified as owners face difficulties.

    The trend can’t continue though, and debt maturities are looming, Goldman Sachs says.

    Analysts at the bank said many office mortgages are “living on borrowed time.”

    The pandemic ushered in a work-from-home boom that doesn’t look like it’s going away, and that’s put huge stress on the office segment of the US commercial property market.

    Landlords for those properties have been staring down a huge wall of debt maturities, leading to a historic amount of debt being extended or modified, rather than refinanced. In a note Tuesday, Goldman Sachs cautioned that office mortgages as a result are “living on borrowed time.”
    The amount of outstanding commercial mortgages set to mature by the end of the year has hit $929 billion, up from $658 billion at the start of 2023, according to data from the Mortgage Bankers Association. Of the $270 billion spike, banks hold $114 billion and non-bank entities are responsible for the rest.

    “The primary driver of this material increase has been the willingness of lenders and borrowers to modify and extend maturing loans rather than refinancing or forcing a foreclosure,” Goldman strategists said. “Put another way, a decent portion of the loans that were set to mature last year were modified and extended to 2024. Unsurprisingly, office loans have benefited disproportionately from modifications.”

    Even though the trend of extending maturity dates and modifying loan terms has helped mitigate the number of defaults, Goldman said it’s unlikely that funding costs will return to pre-pandemic levels, which could spell financial catastrophe for offices.

    To that point, data from CMBS — bonds backed by bundles of commercial mortgages — suggest the share of office loans that have been fully paid off at maturity has dipped below 60%, the strategists said. Meanwhile, the maturity payoff rate for loans on other types of properties remains near the highs of the last decade.

    Borrowers on weak footing will soon be unable to refinance, Goldman forecasted, as the costs of refinancing existing commercial mortgage loans are at two-decade highs.

    The costs have climbed as office property values have crashed. In February, Canada’s largest pension fund sold a stake in a New York City building for a single dollar, an extreme example of the dire value proposition for many office buildings struggling with lower occupancy.

    Goldman strategists highlighted that CMBS markets have shown an uptick in losses on maturing loans following a relatively muted 2023.

    “We expect the wave of modifications to persist in the near term as refinancing stays uneconomical for most commercial real estate borrowers, while foreclosures remain an unappealing proposition for lenders in an illiquid property market,” the strategists maintained. “That said, the risks of this trend breaking have undoubtedly risen.”

11. Saudi Oil Giant CEO Says World Should Abandon The Fantasy Of Living Without Oil

    https://joannenova.com.au/

    The clean energy revolution is failing, and everyone knows it
    In a radical move, the CEO of an oil giant actually defended oil. For a brief moment the space-time continuum opened a worm hole to reality, and leaders of some of the world’s largest corporations briefly said sensible things.

    The energy transition is falling apart so fast, even the prime targets of hate, the Big Oil Men themselves, are now openly pointing out what a waste of time and money solar and wind power are. BP was trying to cut oil production 40% until very recently when it flipped to increasing it. But now we have a whole conference of Big Oil.

    Saudi Aramco CEO says energy transition is failing, world should abandon ‘fantasy’ of phasing out oil
    By Spencer Kimball, CNBC

    HOUSTON — Saudi Aramco CEO Amin Nasser said Monday that the energy transition is failing and policymakers should abandon the “fantasy” of phasing out oil and gas, as demand for fossil fuels is expected to continue to grow in the coming years.

    “In the real world, the current transition strategy is visibly failing on most fronts as it collides with five hard realities,” Nasser said during a panel interview at the CERAWeek by S&P Global energy conference in Houston, Texas.

    We spent trillions of dollars and we have nothing to show for it:

    Nasser said alternative energy sources have been unable to displace hydrocarbons at scale, despite the world investing more than $9.5 trillion over the past two decades. Wind and solar currently supply less than 4% of the world’s energy…

    Meanwhile, the share of hydrocarbons in the global energy mix has barely fallen in the 21st century from 83% to 80%, Nasser said.

    This is the graph he was surely thinking of — the one that shows how irrelevant, inconsequential and trivial the whole “renewable energy transition” has been so far. See that black line…?

    [A chart appears here …]

    The free market cut six times as many emissions with energy efficiency measures as the socialists did with wind and solar and billions of your dollars:

    The CEO said efficiency improvements alone over the past 15 years have reduced global energy demand by almost 90 million barrels per day oil equivalent. Wind and solar, meanwhile, have substituted only 15 million barrels over the same period, he said.

    And they say they care about CO2…
    For thirty years it’s been obvious that we could make bigger reductions in emissions by burning coal at hotter temperatures, and using shale gas when we could, but instead of “saving the world” the Eco-Worriers really wanted to prop up their crony industries instead.

    Australia is about to bolt headlong into a renewables quagmire that the rest of the world is starting to back away from. Spread the message!

    1. Wind and solar currently supply less than 4% of the world’s energy…

       While taking a larger share to build. Solar is built with hydrocarbon, more than it will ever give back.

12. “It’s Not About Trump”: American CJ Hopkins, Charged Again in Germany, Describes Global Censorship Effort

    Acquitted on German hate speech charges in January, American playwright CJ Hopkins is being charged again for the same offense. He has a scary message for Americans

    https://www.racket.news/p/its-not-about-trump-american-cj-hopkins

    [snip snip snip]

    Hopkins also wanted Americans who might be up in arms about the specter of legalized censorship in their own country to see that the phenomenon has also spread to virtually every Western democracy, often in more extreme forms than we’ve seen so far in the United States.

    CJ’s unique insight involves his ludicrous German case, which as you’ll read in the Q&A below has taken bizarre turns since we last checked and will now go to trial yet again. As an expat following the American situation from afar, he’s seen how the authoritarian tide is rising in similar or worse ways all around the globe.

    Hopkins is facing the business end of the German version, among the worst. As detailed last June, he was charged with “disseminating propaganda, the contents of which are intended to further the aims of a former National Socialist organization.” The crime? Using a barely detectible Swastika in the cover image of his book, The Rise of the New Normal Reich. Far from “furthering the aims” of Nazism, he was criticizing them by comparing Nazi methods and laws to those of modern health authorities. The offending image:

    [A photo of the book cover appears here …]

    [a snip …]

    CJ Hopkins: There was just a piece in The Herald, in Scotland. The police were being trained there on how to crack down on abusive hate speech. According to this new legislation that’s rolling out and in the training manual, they were saying this could take place in comic performances or stage plays. People are being arrested in the UK for protest signs.

    If I can just put one little bug in your head, Matt, to whatever degree you can tweak people and let them know: “Hey, it’s not just Trump and the Democrats and the liberals and the woke people and all that.” This is happening all over the West, in all these different countries. I think that’s one thing that my case does, it provides folks with an opportunity to remind them that this is happening all over. The old rules don’t apply.

13. – February existing home sales (EHS) up 9.5%. (Nominal) prices up 5.7%. EHS largest component of market. New home sales (NHS) were leading until now due to builder incentives, but NHS only 20-25% of market.

    – The Fed made dovish comments yesterday. Actually indicated rate CUTS in ‘24 as well as tapering QT. All of this while inflation is roaring back.

    – The Federal Guberment’s fiscal (deficit spending) is at extremes.

    – Unemployment still very low.

    – Financial conditions are extremely fast and loose (read: easy) again.

    – It’s pretty clear now that TPTB are pulling out all the stops on fiscal and monetary policy to goose the economy ahead of the November election to help Slow Joe as much as possible. Proposed $10k 1st time house buyer tax credit. Moar student loan forgiveness.

    – Actions speak louder than words. They WANT inflation, including and especially in asset prices (I.e. stonks and housing).

    – ATHs in stonks. Housing sales and prices rising again, while the bottom 80% get the general price inflation. This is a dangerous policy. Hangry people more likely to protest, but asset holders are lovin’ it.

    – Don’t expect house prices to come down now until after November, if ever.

    – Party on Garth!

    – We’ll deal with reality later, I guess.

    – Banana Republic.

14. Too many X videos in this story so I posted the first and last. If you want to see the other no justice no peace black lives matter drag your toddler to keep up with the lynch mob clips click the infowars link and prepare to be entertained.

    Watch: BLM Protesters Chase Down Attendees Of Kyle Rittenhouse Event At U Of Memphis, Block Cars From Exiting

    by Kelen McBreen
    March 21st 2024, 9:25 am

    FRONTLINES
    @FrontlinesTPUSA
    BLM protesters at the University of Memphis surged towards the entrance to the Kyle Rittenhouse event chanting “Kyle is a killer!”

    @TPUSA
    @Julio_Rosas11

    https://x.com/FrontlinesTPUSA/status/1770602331341762951?s=20

    Kyle Rittenhouse
    @ThisIsKyleR
    ·
    Follow
    Quick update.
    We made it back safely!

    https://x.com/ThisIsKyleR/status/1770677467394547748?s=20

    https://www.infowars.com/posts/watch-blm-protesters-chase-down-attendees-of-kyle-rittenhouse-event-at-u-of-memphis-block-cars-from-exiting

    1. The descendants in Memphis are a special kind of stupid. All the good ones were sold off on the coasts and Memphis got the leftovers that no one else wanted. Sad!

    2. Kyle is a role model for how communists should be dealt with, a true American hero.

15. Free Speech, is the greatest amendment to US Constitution and without it freedom is lost.

    During Covid the Biden Cartel colluded with Media to obstruct, censor , defame , defund, deplatform , suppression of known consent and attack any person that disputed the “safe and effective” vaccine campaign .
    This censorship by the Government was to prevent “vaccine hesitancy’ and known consent on risks on a EUA expiermental new technology vaccine, produced in warp speed.
    Biden also exercised extreme coercion by mandating vaccines or you would lose your job , with the full collusion of employers with over 100 employees.
    Biden and the Media at one point said Covid was disease of unvaccinated, calling for fines, denial of medical services and food, and call to take the unvaccinated to camps.
    So, at the resent Davos meeting, Speakers said their greatest threat was disinformation and misinformation. This is code word for anything that disputes their great fraudulent narratives of ” safe and effective vaccine,” and co2 needs to be eliminated or Climate Change doomsday will ensue globally.
    These Great Narratives are being used
    to fundamentally enslave humanity, deprive humanity, control all resources and consumption and force bug consumption by private party Money Powers forming a facism type partnership with Government of the Globe.
    Its the One World Order Dictorship and Great Reset
    radical insurrection to take over world and enslave and genocide humanity.
    The evidence shows millions of people were killed and injured by the fake new technology vaccine , that didn’t give immunity to Covid or stop transmission of Covid.
    There is widespread dispute to co2 being the culprit in creating Climate Change doomsday, or that their is even a doomsday threat of climate change global disaster.
    In fact their solutions to Climate Change alleged threats would create disasters of epic death and.destruction, as the Covid solutions did.
    Its absolutely necessary that One World Order enemy has no dispute to ,
    -Alleged Climate Change doomsday emergency solutions.
    -Expiermental new technology vaccines fraudulently marketed as “safe and effective”
    – Racism, transgender attack on minors, increase of crime, discrimination again whites, economic attack on humanity, etc. etc.
    – Global wars and US Border invasion can’t be disputed, or right to protest over a rigged election.
    So, AI and robots are the new replacement of humans, and humans are useless.eaters causing co2 emissions that must be eliminated.
    Sorry Klaus Schwab, Bill Gates, WEF, UN and WHO, and other co conspirators of this insurrection and power grab again humanity, you are psychopaths, , parasites, thieves and looters, bribers and black mailers, liars and fraudsters, and a criminal genocidal menace to humanity and the globe.

    1. Free speech is being suppressed everywhere in the west. Very Orwellian. I expect that saying something is Orwellian will soon be considered a hate crime.

16. It seems to me that the Misouri v Biden case concerning Government colluding with Media to censor free speech occurred.
    Biden and Private Party over 100 employees Corporations asserted they could mandate vaccines, and fire you if you didn’t comply, asserting Osha.
    That was stricken down by high Court as not being valid.
    They only had one case in Massachusetts that a person who refused to pay a 10 dollar fine, for refusing a vaccine, was affirmed he had to pay the fine, but no mandate to take vaccine.
    They have another case during Ben Franklin’s time where it was ruled that printing press media had to be natural regarding gov opinion verses dispute regarding a vaccine campaign at that that time.

    And without legislation or laws enacted that would give government agencies right to collude with Media to censor, it seems a given that the first amendment was violated.
    The question becomes, did Biden have right to censor based on prevention of vaccine hesitancy on a EUA of a expermental new technology vaccine, supress known consent, and fraudulently claim shots were ” safe and effective.” Further to censor, defame, deplatform, defund any person who disputed the vaccine narrative.
    Since no legislation has really given that right to government under a panademic, than why are we acting like this right exists.

17. You are being replaced:

    “Joe Biden’s America.

    Hundreds of illegal aliens from Africa, Central America, Colombia, and Venezuela made a rush for the border in El Paso, Texas after they were pushed south of the concertina wire in the middle of the night by the National Guard.

    The illegals breached the concertina wire, overwhelmed National Guard members, and made a rush for the border.”

    https://www.thegatewaypundit.com/2024/03/hundreds-illegals-breach-concertina-wire-pour-border-el/

    Open borders is TREASON. Every member of the current unelected, illegitimate, occupation regime is guilty of TREASON.

    1. The illegals breached the concertina wire, overwhelmed National Guard members, and made a rush for the border

       The Camp of the Saints in action.

       I think the real goal here is to weaponize the invaders so the gooberment can declare martial law, indefinitely, of course. Elections? Those will return once everything is back under control. We pinky swear.

    2. Can you say Beretta A300 Ultima Patrol?

       Sure you can, I knew you could.

       https://youtu.be/yErLWeooIy4?si=KtxDxJmOEY5PPm0R&t=33

       1. If they start kicking doors in like they are in Toronto you would need to protect your family.

          Toronto police slammed for advising residents to leave car keys within easy reach for thieves to avoid violence

          Alyssa Guzman
          Published March 15, 2024

          Toronto police are being ridiculed for essentially advising Canadians to preemptively give thieves their car keys to avoid potential violent altercations.

          Police issued the strange tip as more and more thieves have been breaking into homes and stealing people’s cars.

          “To prevent the possibility of being attacked in your home, leave your fobs at the front door because they are breaking into your home to steal your car; they don’t want anything else,” Cst. Marco Ricciardi said last month, according to City News.

          https://nypost.com/2024/03/15/world-news/toronto-police-slammed-for-advising-residents-to-leave-car-keys-within-easy-reach-for-thieves/

          1. Toronto Police Tells Public to leave your key fobs at your front door for thieves.

             6 days ago

             https://youtu.be/x-DnnO-neD0?si=txWVM8dZAvz2qPWc

       2. “Can you say Beretta A300 Ultima Patrol?”

          Wow, what a blaster!

18. Jennie Taer
    @JennieSTaer

    This is the moment when TX National Guard became overrun by migrants rioting to get across the border here in El Paso today

    We were there and saw it all happen. Absolute chaos here.

    2:53 PM · Mar 21, 2024

    https://x.com/JennieSTaer/status/1770886341879885952?s=20

19. ‘spent much of it on Beverly Hills real estate, expensive cars, private jet travel, VIP passes to Coachella and more than a quarter of a million dollars in jewelry and handbags for his girlfriend’

    111k for the fancy bag, most expensive on the planet.

20. D. Scott @eclipsethis2003
    @eclipsethis2003

    In Stevens Point, Wisconsin, four men, aged 18 to 20, African Americans, from Wausau, came to Steven Points to have some fun at a club, however, since they were under the age of 21, they were denied access.

    They decided to assault a 61-year-old man who was homeless, and broke into his truck.

    They punched, knocked, kicked, and stomped him, and also dragged his body across the ground, the video shows the aftermath.

    The 61-year-old homeless man has since then died.

    They are not charged with murder, but instead with “fatal assault.”, all of this happened at around March 15th, and I believe it is not even national news in the U.S.

    They were first arrested and were in custody, but three were let go on bail, and are roaming free.

    9:22 AM · Mar 21, 2024

    https://x.com/eclipsethis2003/status/1770803111562539283?s=20

21. Man Inside Capitol on Jan. 6 for 3 Minutes Convicted by Jury

    By Zachary Stieber
    3/21/2024

    A Virginia man who went inside the U.S. Capitol on Jan. 6, 2021, for several minutes was convicted on March 20 on four counts and faces jail time.

    Raymond Chambers entered the Capitol at 3:01 p.m., according to the government, which offered surveillance footage. Once inside, Mr. Chambers walked to the Rotunda and took some photographs. He “immediately exited the building” through the Rotunda doors at 3:04 p.m., prosecutors said.

    Mr. Chambers was not accused of carrying out any violence, but authorities said he violated federal law, including a law that bars engaging in disorderly or disruptive conduct in a restricted building that disrupts government business.

    Mr. Chambers was charged with entering and remaining in a restricted building, disorderly and disruptive conduct in a restricted building, disorderly conduct in a Capitol building or grounds, and parading, demonstrating, or picketing in a Capitol building. He pleaded not guilty.

    A jury this week convicted Mr. Chambers on all counts, following a trial.

    Mr. Chambers now faces up to three years in prison as well as fines.

    An attorney representing Mr. Chambers declined to comment ahead of sentencing, which is scheduled for June 24. U.S. District Judge Dabney Friedrich, appointed under President Donald Trump, will sentence Mr. Chambers.

    Three Others Convicted

    Three other men were convicted in a stipulated bench trial.
    U.S. District Judge Randolph Moss, appointed under President Barack Obama, found Patrick Montgomery of Colorado and Brady Knowlton of Utah guilty of obstruction of an official proceeding. That count carries up to 20 years in prison but may end up being struck by the U.S. Supreme Court.

    The judge also convicted Mr. Montgomery of assaulting, resisting, or impeding certain officers and Mr. Knowlton of entering and remaining in a restricted building or grounds.

    Gary Wilson, also of Utah, was convicted of theft of government property.

    Judge Moss is slated to sentence the trio on July 2.

    “We are obviously disappointed in the outcome. This was an unusual case because Mr. Knowlton used no force or violence against anyone including any police officers. He entered the Capitol through a door held open for him and others by Capitol Police officers and peacefully left after being inside for only 18 minutes,” Brent Mayr, a lawyer representing Mr. Knowlton, told The Epoch Times via email. “While the Judge said this was a ‘close case,’ we shouldn’t convict any citizen in close cases. Fortunately, the Supreme Court is reviewing this ambiguous law that he was convicted of and we’re hopeful the court is going to find this law to either not apply here or be invalid on its face.”

    According to stipulated facts entered in the case, the three men on Jan. 6, 2021, went to the Capitol after the “stop the steal” rally. While there, Mr. Montgomery tried taking a baton from a law enforcement officer, at one point kicking the officer in the chest. The men then entered the Capitol at 2:35 p.m. and made their way to the Rotunda.

    The men later went to a hallway outside the Senate floor, where Mr. Wilson took a black bag, and all three confronted a U.S. Capitol Police Officer. Mr. Montgomery was quoted as saying: “You gotta stop doing your job sometime and start being American. You gotta quit doing your job and be an American!” Mr. Wilson was quoted as saying, “We came all the way from our job to do your job, and the freaking Senators’ job!”

    The men left the Capitol at 2:53 p.m.

    “Mr. Montgomery and his codefendants had many viable defenses which might have resulted in acquittal in any other jurisdiction. But the D.C. jury pool is so extremely pro-government that no January 6 defendant has an opportunity for a fair jury trial. It really is a national disgrace that so many January 6 defendants are having their lives destroyed in D.C. courts. Mr. Montgomery and codefendants opted for a stipulated bench trial because the jury pool in D.C. is so fundamentally hostile to January 6ers. These cases would all end in acquittals elsewhere,” Roger Roots, a lawyer representing Mr. Montgomery, told The Epoch Times in an email.

    Update on Numbers

    Some 93 people were arrested and charged in early 2024, after a months-long pause in 2023. More than 1,358 individuals have been charged as of March 6, according to the U.S. Department of Justice (DOJ).

    According to one estimate, 445 new cases could hit the docket in 2024—more than in 2022 and 2023.

    One of the latest arrests was of a California woman who worked for Congress following the breach. Isabella DeLuca was arrested on several charges, including theft of government property.
    Court documents say Ms. DeLuca helped pass furniture, including a table, from inside the Capitol to outside the building. She faces up to four years in prison if convicted.

    “I am facing the unwarranted targeting and persecution by the DOJ and FBI at the direction of the Biden Administration, like most J6ers,” Ms. DeLuca wrote on X, formerly Twitter. She added later, “Whatever comes my way, though it may be difficult, I am prepared to face it.”

    Approximately 769 defendants have pleaded guilty. In addition to more than 150 being found guilty at trials, several dozen have been convicted after the parties agreed upon a set of facts.

    1. I believe the juries in DC on the J6 cases are the true enemies of America.

       1. During jury selection the lawyers drop managers, military, etc., i.e., anyone with leadership and/or resistance potential.

22. ‘‘It’s brand new construction. What could possibly be wrong?’ she recalled thinking. ‘The apartment is beautiful.’ ‘Somebody could smell somebody else’s bacon. Somebody turned their lights off and the fireplace went on’

    It’ not good when you can smell yer neighbors bacon Glynn.

    ‘They couldn’t have possibly inspected anything. It’s a lipstick-on-a-pig apartment,’ Glynn said, adding that she didn’t have enough hot water to fill her bathtub’

    Well, it was cheaper than renting.

    1. ’Somebody could smell somebody else’s bacon. Somebody turned their lights off and the fireplace went on’

       Could’ve been worse Glynn.

       Somebody could smell somebody else’s fireplace. Somebody turned off the lights and their bacon turned on.

       https://www.ebay.com/itm/114166306636

23. ‘[This is happening in] an elite neighborhood, and these homes are all multi-million dollar homes’

    Doesn’t sound luxurious to me Carley.

    1. It’s lonely at the top.

24. Image file for Jeff — Fill ‘Er Up Edition:

    https://ibb.co/2jLLF1r

    This is my “Spring Break” LOLZ

    1. I Love the sound of a dumpster slamming the ground in the morning.

    2. Looks like a beautiful day too.

25. ‘The developer is Align Properties, a Vancouver-based company that used to be known as Vivagrand Development Corp. and described itself as being part of the Xiangli Group, a real estate developer based in Guangzhou, China. Recently, the B.C. Supreme Court issued an order stating that Align owes over $37 million with interest adding $16,555 a day’

    I’d bet that interest will never be paid judge.

    ‘It ruled that Bancorp Financial can sell the property to recover the amount it is owed’

    Good luck with that. A poster used to say here, what do money launderers care about losing some of it, they got it out of China! It’s out all right.

26. ‘In the condo segment, she is working with a buyer who purchased a home east of the city but has now started the search for a pied-à-terre in Toronto. Inventory is high in the segment, she adds, as some investors decide to get out of the rental business. ‘There are certainly lots of condos for people to choose from. They are taking their time’

    That’s the spirit buyers, let em twist in the wind!

27. ‘A property worth Shs5.8 billion ($1.5m) should at least earn you Shs580m to Shs600m a year, which is 10 percent of the value. But by the time I sold them, each was only earning me a little over Shs300m a year. That return on investment is not worth it,’ he said. He explained that the reason premium homes are no longer investable is because there has been an oversupply of properties and an undersupply of tenants over the last decade, bringing the rates down’

    ‘A stand alone home in Kololo can only be afforded by ambassadors, CEOs, and international NGOs as office space. Those numbers are very limited. The rich Ugandans that can afford to rent a Kololo villa at $6,000 (Shs23m) already have such a villa down the street. That is probably why that gentleman had to sell’

    So yer saying he’s fooked, right Brian?

28. Cute little German girl rippin the skins on a drum cover of a classic American rock tine that is credited with the origin of the term Heavy Metal.

    https://youtu.be/Rn1Y26qYMBY?si=3LQ0w9OmEIVJDihF

    1. Sina does “Wipeout”:

       https://www.youtube.com/watch?v=yQeC_6bOFqs

       1. Sina’s bio:

          https://girls-got-groove.com/bio/

       2. She does rip those skins.

29. WorldUnited States & Canada
    US CEO Angela Chao was drunk when she drove Tesla into pond and died, police say

    – The shipping industry executive and sister-in-law to Senator Mitch McConnell had a blood-alcohol level nearly 3 times the legal limit during the fatal accident

    – Friends and law enforcement officers had tried to pull Chao from her car after she backed it into the water

    United States
    Associated Press
    Published: 7:36am, 21 Mar 2024
    Why you can trust SCMP

    Angela Chao, a shipping industry CEO and sister-in-law to US Senate Minority Leader Mitch McConnell, was intoxicated when she drove into a pond and died last month in Texas, according to a law enforcement report released on Wednesday.

    The investigation by the Blanco County Sheriff’s Office concluded that Chao’s death was an “unfortunate accident” and her blood alcohol level was nearly three times the state’s legal limit.

    Chao, 50, died the night of February 10 after having dinner with a large group at a ranch near Johnson City, west of Austin. The report describes a frantic scene as friends and deputies tried to pull Chao from her Tesla after she backed it into the pond near a guest lodge on the property.
    …
    https://www.scmp.com/news/world/united-states-canada/article/3256153/us-ceo-angela-chao-was-drunk-when-she-drove-pond-and-died-police-say

    1. Drinking or not, I would not care to be inside a moving Tesla near any body of water.

30. Is US housing still red hot cakes these daze?

    1. Business
       What’s Behind Austin’s Mass Exodus?
       Published Mar 20, 2024 at 3:32 PM EDT
       Advertisement 0:12
       By Suzanne Blake
       Reporter, Consumer & Social Trends

       Austin was the place to be during the COVID-19 pandemic. Boasting warmer temperatures, lower cost of living and cheap rent and housing prices, millions of Americans fled expensive areas like California and New York for the reprieve of the up-and-coming Texas capital.

       This was good for sellers, who typically brought in significant profits compared to what they purchased their home for.

       “Like many places during the pandemic, Austin thrived due to warm weather, no state income tax, affordable housing, and access to outdoor activities,” Cody Horvat, a real estate broker for The Scott Group, told Newsweek. “However, the city wasn’t prepared for the speed at which it was growing. The surge in demand caused prices to skyrocket, a lack of housing developed, and traffic congestion built to unseen levels.”

       Now, four years since the start of the pandemic, the city is becoming a relative housing market wasteland, experts said—or, at the very least, declining in market value significantly.
       …
       https://www.newsweek.com/austin-housing-market-exodus-real-estate-1881538

    2. CBS 8
       Local News
       San Diego County population is declining, nearly 31,000 residents moved last year
       The U.S. Census Bureau ranked San Diego County #9 in the nation for top domestic out migration in 2023.
       Author: Jayne Yutig
       Published: 2:35 PM PDT March 20, 2024
       Updated: 2:36 PM PDT March 20, 2024

       SAN DIEGO — San Diego County’s population is rapidly shrinking.

       As housing and the cost of living in San Diego County continue to skyrocket, tens of thousands of people found a new place to call home in 2023.

       Data released by the United States Census Bureau revealed 30,745 residents moved out of San Diego County to live elsewhere last year.

       Numbers

       – The total number of residents that San Diego County lost to migration nearly doubled compared to 2022. The Census Bureau estimates San Diego County lost 15,956 residents in 2022 compared to 30,745 in 2023.

       – The high cost of living has driven the steady population decline in the county.

       – The Census Bureau estimates that between 2020 and 2023, San Diego County saw a -.08% population decline.

       – San Diego County was ranked #9 in the U.S. for top domestic negative net migration in 2023.

       – Los Angeles County was ranked #1 in the U.S. and lost 119,037 residents.

       Credit: Source: U.S. Census Bureau, Vintage 2023 Population Estimates.

       Population gains

       Despite the population losses in counties across California, including in San Diego County, more of the nation’s counties experienced population gains in 2023.

       According to U.S. Census Bureau estimates, nearly 60% of counties gained residents in 2023. Across the United States’ 3,144 counties, the average change from 2022 to 2023 was up 0.17 from the previous year.

       “Domestic migration patterns are changing, and the impact on counties is especially evident,” said Lauren Bowers, chief of the Census Bureau’s Population Estimates Branch. “Areas which experienced high levels of domestic out-migration during the pandemic, such as in the Midwest and Northeast, are now seeing more counties with population growth. Meanwhile, county population growth is slowing down out west, such as in Arizona and Idaho.”
       …
       https://www.cbs8.com/article/news/local/san-diego-county-population-is-declining/509-3a40c5f4-42ee-4b2d-9a5e-c35bc1b92778

    3. Yahoo Finance
       Fortune
       The incredible surge in home prices is set to continue in Southern metros, a new projection says—here’s why housing market inflation will just keep running
       Fortune· Photo illustration by Fortune; original photo by Getty Images
       Alena Botros
       Tue, Mar 19, 2024, 10:55 AM PDT
       4 min read

       The average house price has risen almost 50% on a national basis since the start of the pandemic. But that’s too broad a blanket and doesn’t account for regional variation, Capital Economics’ property economist, Thomas Ryan, suggests in a new note.

       It’s housing markets across the South that Ryan predicts will continue to “lead the pack” in terms of appreciation. Home prices rose 74% in Miami, 71% in Tampa, and 62% in Charlotte since December 2019, just months before the onset of the pandemic. It’s reflective of a “boost to housing demand from strong economic in-migration,” Ryan wrote. And to his point, home prices in San Francisco only rose 29%, 30% in Minneapolis, and 33% in Washington, D.C.—slower than Southern metros, but much more rapid compared to pre-pandemic norms.
       …
       https://finance.yahoo.com/news/incredible-surge-home-prices-set-175532923.html

       1. “…here’s why housing market inflation will just keep running…”

          Just remember:

          – Real estate always goes up.

          – Buy now, or get priced out forever.

          – Housing is the best investment.

          1. + you can always refi next year at lower rates.

31. “The Buyers Aren’t Going To Come In And Pay List Price” If only this were true. Many are paying over list. Unfortunately, so many buyers don’t do their homework? There is more demand than supply, and much of that demand appears to be from clueless buyers, who are exposing themselves to being next year’s casualties. And there is nothing anyone can do or say to change that. However, for the many who remain skeptical their time will come. Patience always pays off.

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