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It’s Not Really Even A Buyer’s Market Right Now, It’s Actually A Bargain Hunters Market

A report from the Mercury News in California. “In an opportunity most would-be Bay Area homeowners can only dream about, a handful of buyers snagged nine condominiums in a downtown San Jose housing tower at auction — paying an eye-popping average of just $31,900 each. Despite hot tempers and court maneuvers to delay the sales, the hours-long auction of the condos at 188 West St. James Street proceeded on Monday, giving winning bidders a deal that seems too good to be true. And just might be. China-based Z&L Properties, which developed and owns the two-tower housing complex, had fallen behind in the payment of HOA dues on completed-but-unsold units. The HOA decided to auction the units to buyers who will begin paying the monthly fees after they take ownership. Z&L has 90 days to regain ownership of the just-sold units — if the company pays the delinquent dues, late fees and penalties for each condo.”

“For now, though, the buyers of the nine condos paid a stunning fraction of what people might expect to pay in a region where the average home goes for well north of $1 million — a move that could have long-range implications. ‘Prices this low,’ David Taxin, a partner with Meacham Oppenheimer, warned, ‘could affect the future values for the condos in the tower.'”

Fast Company. “At the height of the pandemic housing boom, this 5-bedroom house in Oakland, California, sold for a whopping $4.1 million in March 2022. Fast-forward to January 2024, and the home was listed for sale again at close to $3 million, or about 27% below the March 2022 sale price. That lower price tag doesn’t appear to be an agent tactic, given that on April 1, 2024, the price was cut to $2.55 million. This latest price tag is nearly 38% below its March 2022 sale price; however, it still remains almost 46% above its November 2020 sale price of $1.75 million.”

The Venice Gondolier Sun in Florida. “Projections of a very active and dangerous hurricane season aren’t lost on Dave Hollomon. Yet the 80-something Rotonda West resident is taking his chances and going without property insurance on his home. He said the last quote he received was just too much for him and his wife to afford. And, he said, he knows a lot more people who are in the same boat. ‘We had a claim after Ian with Citizens and it all worked out well,’ Dave Hollomon said. ‘But when it came time to renew, (our premium) doubled. I tried to call a couple of agents but had no luck.’ Hollomon said he is watching on the Internet and sees that dozens of people are making the same decision he is about taking their chances without insurance (other than liability). ‘I am absolutely worried about this hurricane season,’ he said. ‘But I feel I’m stuck. We’re in our 80s and have a modest income. I just hope the state can help.'”

WINK News in Florida. “The housing market is in shambles. Rent prices are up, property taxes are up and the only thing down is the amount of people buying homes. WINK spoke with a broker who said it’s not a buyer or seller’s market. He’s been telling sellers it’s a bargain hunters market. Inventory is higher than it’s been in years, homes are sitting on the market months longer and sellers who need to get out are slashing prices. Chad Osbourne, CEO of Call It Closed, said inventory is the highest it’s been in five or six years. ‘We’ve been telling some of our sellers that it’s not really even a buyer’s market right now. It’s actually a bargain hunters market,’ Osbourne said. Osbourne said homes stay on the market for an average of four months. Because homes are on the market longer, there are deals to be had.”

From Fortune. “Everyone seems to be having a tough time in today’s housing market. Even billionaire media mogul and proprietor Rupert Murdoch is struggling. Murdoch’s Manhattan penthouse was listed at such a high price, that he and his agent have had to cut the price by nearly 40% from $62 million to $38.5 million. At the current list price, Murdoch will take a loss on the property, since he purchased it for $57.9 million in 2014, according to a Wall Street Journal report. ‘Ultra-luxury property sales are challenging due to the limited buyer pool at these price points,’ Noah Rosenblatt, cofounder of New York City–based UrbanDigs, tells Fortune. ‘These unique trophy homes are more akin to the art market than the real estate market, with value determined mainly by a potential buyer’s perception.'”

Market Place. “As an apartment broker in Austin, Texas, Garrett Dominey helps out-of-towners find higher-end apartments and helps landlords find out-of-town renters. Back when every Tesla worker and their mother was moving to Texas, he used to have a lot of success posting apartment ads to Craigslist. ‘You’ll get a hit maybe even within the day. Now it’s weeks, a month,’ he said. A glut of newly constructed apartment buildings in the city has sent rents down 7% year over year, and landlords are getting more creative with their marketing. ‘We see gift cards,’ Dominey said. ‘You get, like, a $2,000 Amex gift card if you sign within 48 hours.'”

The Wall Street Journal. “The Railway Exchange Building was the heart of downtown St. Louis for a century. Every day, locals crowded into the sprawling, ornate 21-story office building to go to work, shop at the department store that filled its lower floors or dine on the famous French onion soup at its restaurant. Today, the building sits empty, with many of its windows boarded up. A fire broke out last year, which authorities suspect was the work of copper thieves. Police and firefighters send in occasional raids to search for missing people or to roust squatters. A search dog died during one of the raids last year when it fell through an open window.”

“Cities such as San Francisco and Chicago are trying to save their downtown office districts from spiraling into a doom loop. St. Louis is already trapped in one. The price for the AT&T Tower, three blocks from the Railway Exchange, was a sliver of the $205 million it sold for in 2006. Its value has been falling for years. In 2022, it changed hands for just $4 million.”

KDVR in Colorado. “Denver Mayor Mike Johnston went face to face with residents directly affected by a homeless encampment in west Denver. Neighbors complained about human waste, drug use and violence at a camp near 8th Avenue and Navajo Street, and now the city will take steps to clear it out next Tuesday, April 16. Some residents said they still are not hopeful about the future of their neighborhood. ‘I was just passing by there the other day and this girl was selling some blues to these people,’ Sandra Montoya said, referring to the street name for counterfeit prescription pills laced with fentanyl.”

“Johnston hosted a town hall Tuesday at a community center in the neighborhood, where folks had a chance to let him know what it’s like living near the encampment. ‘My niece is getting chased down the street. Nobody cares. How many reports do we have to have for attention from anybody?’ a resident named Yvonne said.”

Willamette Week in Oregon. “Talk to most commercial real estate experts and you’ll hear that downtown Portland is a smoking crater, occupancywise, and that things are only going to get worse as workers cling to home offices to avoid a downtown reeking of fentanyl. Any revival in the urban core comes too late for many buildings. Montgomery Park, for one, went to foreclosure auction in February. No one bid, so the building went to its lender, Natixis, based in Paris.”

CTV News in Canada. “Luxury home sales cooled in the first two months of the year in the city of Ottawa as affordability took a backseat to inventory, according to a new report. ‘Condominiums continue to be a popular choice amongst young professionals and downsizing empty nesters and retirees who want to be in the city’s core,’ RE/MAX said. ‘An ample supply of condominium apartments is available, with 39 properties currently listed for sale.'”

Plymouth Live in the UK. “Residents living on a Plymouth housing development say they are ‘gutted’ and feel ‘left in the lurch’ after a South West building firm announced it was going into administration. Halsall Construction Ltd has filed a notice of intention to appoint an administrator after making losses of £2.3m – leaving the Silver Hill estate in Tamerton Foliot only half built. George Clark, who bought a three-bedroom semi at Silver Hill, said: ‘It’s concerning. We have all had issues since we moved in. I like the house and the neighbourhood but it is all very unfinished and now we are left in the lurch – will things get finished, and when? The worst case would be if they abandoned everything and we were left on an unfinished estate. It’s causing anxiety and stress.'”

“Another Silver Hill resident, the owner of one three-bedroom detached house, said he only found out from a site manager that Halsall was in difficulties and all work had ceased. He said: ‘We are gutted. What we have been left with is utter chaos. Some houses are half finished and the site is locked. We are living on a building site. It’s disastrous. We are all fed up.'”

News.com.au in Australia. “Workers at two NSW factories have slammed their former employer after the company went bust, leaving them and other creditors multiple millions out of pocket. Last month, two companies linked to the Sydney-based Apollo group, which manufactures kitchen and bathroom joinery, collapsed into liquidation after 56 years in business. Its main clients were big builders who will likely have to wear the cost in an already difficult market. Apollo also had showrooms in Sydney and the Central Coast where customers could come in to order cabinets or bench tops for their homes directly. One staff member, Ron*, who preferred to stay anonymous for future job prospects, hasn’t received any superannuation for 18 months, not since October 2022. ‘All staff are absolutely disgusted,’ Ron told news.com.au.”

From Sun Live. “Residential property values have continued to gently rise and fall throughout the first quarter of 2024, amidst a glut of listings and an ongoing dearth of sales across much of New Zealand Aotearoa. The average home value is now 1.9 per cent higher than the same time last year and 13.1 per cent below the market’s peak in late 2021. QV operations manager James Wilson says: ‘Although the pendulum has clearly swung in favour of prospective purchasers, with a relatively large number of properties on the market today giving them plenty of choice and helping to maintain downward pressure on prices overall, interest rates and credit constraints are continuing to make life very difficult for everyone.'”

“‘The recent influx of new listings on the market appears to have had more of a cooling effect within the main centres so far – most notably in Auckland, where home values have largely stalled in recent months,’ James says. ‘I expect to see this trend continue here and in some of our other larger cities over the next few months.'”

From Yicai Global. “A Beijing property developer is taking the unprecedented step of offering a holiday home in the coastal city of Yantai to buyers who make upfront payments for properties in its development in east Beijing. The move reflects the lengths to which Chinese real estate firms are going to boost sales, industry insiders said. Anyone who pays cash for a 77-square-meter apartment in the project in Beijing’s Tongzhou district before the end of the month will also receive a 108-sqm house with a sea view in Yantai, a city 700 kilometers away in eastern Shandong province, the developer said last week. The market price of the Beijing property is around CNY4.7 million (USD650,000) while that of the one in Yantai is around CNY450,000.”

“Although many developers are offering promotions, it is still quite rare to give away real estate, Guan Rongxue, a senior analyst at think tank Zhuge Data Research Center, told Yicai. It also highlights the difficulties that homebuilders are facing in Yantai, once a popular coastal get-away, Guan said. Many developers built holiday homes in the city, but there has been a high vacancy rate in recent years. In 2019, at the peak of property sales in Yantai, housing prices doubled. But since 2020, the Yantai real estate market has been on a downward slide and developers have had to slash the price of seafront properties.”

“The Yantai houses being offered for free used to cost around CNY6,000 (USD830) per square meter, but now prices have fallen to as little as CNY4,400 per square meter, a local real estate agent told Yicai.”

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This Post Has 75 Comments

  2. ‘sold for a whopping $4.1 million in March 2022. Fast-forward to January 2024, and the home was listed for sale again at close to $3 million, or about 27% below the March 2022 sale price. That lower price tag doesn’t appear to be an agent tactic, given that on April 1, 2024, the price was cut to $2.55 million. This latest price tag is nearly 38% below its March 2022 sale price; however, it still remains almost 46% above its November 2020 sale price of $1.75 million’

    1.75 M is still over priced. There’s nothing under yer bubble but air Jerry.

  3. ‘Murdoch’s Manhattan penthouse was listed at such a high price, that he and his agent have had to cut the price by nearly 40% from $62 million to $38.5 million. At the current list price, Murdoch will take a loss on the property, since he purchased it for $57.9 million in 2014’

    That’s a mighty a$$ pounding right there Dick (do you mind if I call you Dick? I’m pretty sure everybody who know you calls you Dick) .

    1. ** “That’s a mighty a$$ pounding right there Dick (do you mind if I call you Dick? I’m pretty sure everybody who know you calls you Dick) ”

      reread that after morning coffee . . .
      caught the double-entrende.
      very clever.

      Ben, you are quite the wordsmith!

    1. 20 f’ing percent inflation since Brandon took office and that’s just the government numbers which are BS. You voted for this

  5. ‘I was just passing by there the other day and this girl was selling some blues to these people’

    She’ll grow up to be a rocket surgeon Sandra, you’ll see.

    1. My niece is getting chased down the street. Nobody cares. How many reports do we have to have for attention from anybody?

      Welcome to the Dumver Doom Loop. But have no fear, residents will continue to vote D, because they know Leftist policies have to work. There is no retreating, not even to a common sense middle ground. And unlike sh!tholes like St. Louis, Dumver is 80% white, thus the wounds are self inflicted.

      1. “…residents will continue to vote D, because they know Leftist policies have to work. There is no retreating, not even to a common sense middle ground..

        \\

        – Reality check for the misguided: Socialism has never worked. I’m sure they teach that in school, right? Hello? Anyone? Bueller?

        – Vote for Venezuela, become Venezuela.

        – “Socialism is Western civilization in retrograde.” – I said that.

        – Communism (same as Socialism) is so cool though. 🤡 🌎

        – Best options: Open carry or concealed carry. Vote for third world living conditions, get third world living conditions. Also, be careful what you step in. 💩 💉

  6. ‘The worst case would be if they abandoned everything and we were left on an unfinished estate’

    That’s already happened George.

  7. Wanna make a perfect prediction? Try predicting a bunch of stuff that is already happening. Then later on, claim your prediction predated it.

    1. 5 Things the Middle Class Won’t Be Able to Afford in 5 Years Due to Inflation
      By Steve Burns

      Inflation’s grip tightens, and the affordability of several critical aspects of middle-class life is increasingly under threat. Understanding how rising costs could reshape what many have long considered staples of a comfortable life becomes crucial.

      This article dives into five specific areas where the middle class might be priced out in just half a decade if current inflationary trends persist. Each item reflects a broader narrative of economic change and its impact on everyday life.

      5 Things Soon To Be Out of Reach for the Middle Class

      Predicting the economy’s future is always tricky, especially with variables like inflation, but I can speculate based on current trends. In five years, if inflation rates stay high, the middle class might struggle to afford the following:

      1. Buying Homes in the most expensive cities: Property values and rents have been soaring, making homeownership and even renting increasingly tricky in the most expensive cities in the US, Canada, and Europe. In the next five years, at this pace, only people who already own homes or are rich will live in these cities.

      2. Out-of-state and private colleges: College tuition and associated costs are already a burden for many, and they could become impossible to afford in the next five years for those who aren’t wealthy.

      3. High-end new cars and trucks: The average cost of new automobiles has grown exponentially in the past four years. At this pace, the cost of payments for luxury brands and high-end vehicles will be out of reach for the middle class in the coming years.

      4. Retirement Savings: With the rising cost of living, retirement savings could take a backseat as immediate expenses take priority.

      5. Leisure Travel: Vacations and travel could become a luxury for only high-income earners as transportation, lodging, restaurants, and entertainment costs continue to rise, making it hard for the middle class to afford lavish vacations every year.
      …
      https://www.newtraderu.com/2024/04/09/5-things-the-middle-class-wont-be-able-to-afford-in-5-years-due-to-inflation/

      1. In 5 years there won’t be a middle class.

        Another World Economic Forum success story.

      2. 3. High-end new cars and trucks

        Since when is a Chevy or a Ford a “high end car”? The average one costs around $50K, which few can afford. Debt donkeys are buying them and are saddled with a $1000/month nut, plus insurance, fuel and maintenance costs.

    2. I predicted you would say that,,,,,,,yesterday.
      Going to be fun watching the burger flipper wage increase play out.
      Burger King in Cal just raised the double whopper meal from$15.09 to $16.89.
      The solution should be for California to hand out money to citizens to help pay for that food cost increase, and then of course raise taxes on them so the State has the money to do so.
      There, problem solved. Maybe I have a future in California politics?

      1. There, problem solved. Maybe I have a future in California politics?

        Don’t sell yourself short and just focus on CA politics, I see a Future Senator in you.

    1. Yahoo Finance
      BREAKING NEWS
      Consumer prices rise 3.5% over last year in March as inflation stays elevated

      Live
      Updated 7 min ago
      Yahoo Finance
      Stock market today: Stocks sink as hot inflation torpedoes rate-cut hopes
      Josh Schafer and Karen Friar
      Updated Wed, Apr 10, 2024, 6:50 AM PDT
      In this article:

      US stocks opened sharply lower on Wednesday after a key inflation report showed an unexpected uptick in consumer prices last month.

      The Dow Jones Industrial Average (^DJI) fell over 1%, or more than 400 points, while the S&P 500 (^GSPC) dropped about 1.2%. The tech-heavy Nasdaq Composite (^IXIC) was down over 1.2%.

      Meanwhile, bond yields soared. The 10-year Treasury yield (^TNX) gained as much as 14 basis points on Wednesday morning, touching above 4.5% for the first time in 2024.

      The Consumer Price Index (CPI) rose 0.4% over the previous month and 3.5% over the prior year in March, an acceleration from February’s 3.2% annual gain in prices.

      Both measures came in ahead of economist forecasts of a 0.3% month-over-month increase and a 3.4% annual increase, according to a survey by Bloomberg.

      The hotter-than-expected print could prompt investors to expect fewer rate cuts from the Fed this year. According to the CME FedWatch tool, around 75% of bets are now on the Fed holding steady at current rate levels in June. More than half of investors also expect the central bank to leave the rate unchanged through its July meeting.

      Still on deck Wednesday are the minutes from the Fed’s meeting in March, likely to be highly scrutinized for any hints of crumbling in policymakers’ expectations for rate cuts.
      …
      https://finance.yahoo.com/news/stock-market-today-stocks-sink-as-hot-inflation-torpedoes-rate-cut-hopes-130403797.html

      1. “The Consumer Price Index (CPI) rose 0.4% over the previous month and 3.5% over the prior year in March,…”

        1.004^12 – 1 = 4.9% annualized rate of increase over the previous month.

        Inflation is accelerating.

    2. China Stocks Fall Pressured by Real Estate; HK Shares Rise
      By Reuters
      April 10, 2024 | U.S. News & World
      An investor looks at his mobile phone in front of a board showing stock information at a brokerage office in Beijing, China January 2, 2020. REUTERS/Jason Lee/File Photo

      SHANGHAI (Reuters) -China stocks fell on Wednesday, dragged by real estate shares, while Hong Kong shares rose, led by tech stocks.

      Ratings agency Fitch revised its outlook on China to negative, citing increasing risks to the country’s public finance outlook.

      “So far the market reaction to the Fitch downgrade news seems to be quite muted, versus the Moody’s downgrade back in last December. Nonetheless, it may still hurt near-term market sentiment on China while the confidence level is already low,” Xiaojia Zhi, chief China economist at Credit Agricole CIB said.

      Several property developers reported weakening sales in March, suggesting continued pressure for the sector and dragging real estate shares down.

      Investors are awaiting a string of key economic data due this week and the next to gauge policy paths.

      ** The Shanghai Composite index retreated 0.7% at 3,027.33 points by market close, while the blue-chip CSI 300 index was down 0.8%.

      ** The financial sector sub-index was down 0.86%, and the real estate index slumped 3.99%.

      ** The smaller Shenzhen index ended down 1.74% and the start-up board ChiNext Composite index was weaker by 2.06%.
      …
      https://money.usnews.com/investing/news/articles/2024-04-10/china-stocks-down-pressured-by-real-estate-hk-shares-up

    3. Markets
      Hedge funds are selling stocks at the fastest pace in three months and stepping up short bets
      Published Tue, Apr 9 2024 12:18 PM EDT
      Updated Tue, Apr 9 2024 1:36 PM EDT
      Yun Li
      A shopper takes a carton of eggs from the cooler in a grocery store in Washington, D.C., on Saturday, April 6, 2024.

      – Consumer prices rose 3.5% from a year ago in March, more than expected

      – Dow falls 500 points, Treasury yields jump after strong inflation data

      – The rich are getting second passports, citing risk of instability
      …
      https://www.cnbc.com/2024/04/09/hedge-funds-are-selling-stocks-at-the-fastest-pace-in-three-months.html

    5. I cannot afford di.ck to begin with. These inflation numbers tell us what we already know

    7. DOW 30 -1.09%
      S&P 500 -0.95%
      NASDAQ 100 -0.87%

      Stocks are headed for a decade-long ‘dead’ zone with losses on par with the dot-com bust, fund manager says
      Jennifer Sor
      Apr 10, 2024, 11:27 AM PDT
      Stock market crash
      OsakaWayne Studios/Getty Images

      – The stock market could be in for a decade of next-to-nothing returns, one top fund manager warned.

      – That’s because inflation and interest rates could remain stubbornly high.

      – Stocks could see near-term losses on par with the dot-com bust and the 2008 crash, he said.
      …
      https://markets.businessinsider.com/news/stocks/stock-market-crash-inflation-fed-rates-outlook-dot-com-bubble-2024-4

  9. Any revival in the urban core comes too late for many buildings. Montgomery Park, for one, went to foreclosure auction in February. No one bid, so the building went to its lender, Natixis, based in Paris.”

    No bids. That is a nice way of saying it has negative value. We are going to see a lot buildings with negative values in the future.

  10. ‘But I feel I’m stuck. We’re in our 80s and have a modest income. I just hope the state can help.’”
    Looks like a fair number of the Silent Generation are gonna be homeless too. This “I hope the State will help” is so annoying for a guy in his 80’s. As we all know .The State is: “other peoples money.” I guess the boomers were not the ones who started the demand for Socialism.

    2. So what changed? Hurricanes have always been a fact of life in Florida. Why is insurance suddenly so expensive? Is it because all the new construction is cr@p and can’t withstand a hurricane with minimal damage?

      1. Is it because all the new construction is cr@p and can’t withstand a hurricane with minimal damage?

        It must be junk construction. I lived in an area of China that has typhoons and the worst I ever saw was a window smashing inward. Why they insist on using sticks and twigs to build in places like Florida I cannot comprehend.

        1. I listened to a guy explain insurance in Texas: used to there were cow pastures everywhere and shacks here and there. Now it’s all paved over with strip malls, apartments and $400k shacks with $50-80k cars parked out front. What I see from going through articles is in Florida they are still building on every sand bar close to the ocean and this stuff cost double what it did 4 years ago. Yeah, the insurance is going up bigly because of it. Lloyd’s of London isn’t getting that much larger but they have to cover the potential replacement. When I was in Miami area in 2018 it was amazing how many big towers were going up to the north. Yer packing in more and more in the most dangerous places.

      2. No. Not at all. Look at hurricane hit areas. The old buildings are getting flattened. Any building permitted after 2014 must comply with Miami-Dade standards, withstanding hurricanes up to 160 mph.
        Walls of water dropped are a different phenomenon.
        I have been through Michael and Ian. In both instances, video and personal experience traveling around — it is the older neighborhoods getting hammered. New buildings condos or SFH are standing tall and look untouched. Several days after a hurricane gardens are cleaned and appears nothing happened. In older neighborhoods, months later fences and old rotten trees are still down, houses gone, etc.

  11. “Cities such as San Francisco and Chicago are trying to save their downtown office districts from spiraling into a doom loop. St. Louis is already trapped in one. The price for the AT&T Tower
    I wish them all good luck, but i don’t see how they can stop it.

    By the way I was in the AT&T building years ago and I thought it was a real cool building.

    1. It is amazing that that building reached parity with a shack in Ookland! If I had a spare 4 million, I wouldn’t be interested in either of them. We live in interesting times.

  12. Yahoo Finance
    BREAKING NEWS
    Consumer prices rise 3.5% over last year in March as inflation stays elevated

    Yahoo Personal Finance
    Mortgage rates today, April 10, 2024: Don’t hold out for lower rates
    Laura Grace Tarpley·Lead Editor and Content Strategist, Mortgages
    Wed, Apr 10, 20244 min read

    Mortgage rates have held steady this week, with no significant changes. This means they’re staying stubbornly high for now.

    The Bureau of Labor Statistics released the March jobs report last Friday, and the results support the idea that rates might not fall anytime soon. The report showed that the United States added 303,000 new nonfarm jobs last month, which exceeded expectations. The country’s unemployment rate also dropped to 3.8%, from 3.9% in February.

    Although more jobs and lower unemployment rates are good in many ways, they are not necessarily good for mortgage rates. Rates tend to be high when the economy is thriving and low when the economy is struggling. As unemployment rates decrease, mortgage rates are unlikely to make major shifts downward.

    While rates may alter a bit from week to week, you probably shouldn’t hold out for any major changes during home-buying season. If you’re financially ready to buy a house, you may want to go ahead and start shopping for homes and finding the best mortgage lender rather than hold out for lower rates.
    …
    https://finance.yahoo.com/personal-finance/mortgage-rates-today-wednesday-april-10-2024-100017705.html

  13. “B*tch, Do You Think I’m Taking Horse Medicine?” – Joe Rogan GOES OFF over CNN’s Ivermectin Smear Campaign (4/10/2024):

    “Joe Rogan went off on CNN again this week over their famous Ivermectin smear campaign.

    Joe Rogan: “I never thought that I would get sucked into something like that where people would be lying about me. But when you watch it on CNN, just flat-out lying. That’s a function of power, dude. But it’s wild. The dumbest lie.

    The FDA finally admitted in March 2024 that people who took Ivermectin for COVID 19 recovered faster.”

    https://www.thegatewaypundit.com/2024/04/btch-do-you-think-im-taking-horse-medicine/

    They murdered millions of people to boost Pfizer and Moderna’s profits.

    “We’re all in this together”

      1. This.
        A lot of people did not like Trump’s directness. He was painted as boorish because of his delivery. Since Trump mentioned Ivermectin, people in high places went to great lengths to denounce what could have probably saved thousands of people and not have to shut down the economy.
        Btw, I recall that the economy was tapering off big time at end of 2019.

  14. – High inflation continues. The Fed (monetary) isn’t serious about killing it. Rates too low. Financial conditions too easy. Liquidity too high. Congress (fiscal) spending like drunken sailors.

    – It’s an election year. The Fed is a “Progressive” (read Leftist) entity. Congress (the Uniparty) is also doing their part to put lipstick on a pig and support Slow Joe.

    – The result is continuing high inflation and misery for most, which in my view is just as bad as a recession (stagflation).

    – Options:
    1). Eliminate printing and spending. Recession ensures. Angry electorate in the short term, but economy improves in the long term. Incumbent loses.

    2). Print and spend to support our Potemkin village economy and incumbent until Nov. 5th. Result is growing debt and higher for longer inflation. Poorer electorate. Angry electorate. Incumbent loses. Longer term hyperinflation and sovereign debt crisis.

    – Morton’s fork or Hobson’s choice? How about between a rock and a hard place?

    2. If it was a fair fight and only about the economy, yeah T would landslide.
      However, the electorate wants to kill babies. And there are still enough of them in swing states to mule their way past November.

    3. Congress (fiscal) spending like drunken sailors.

      Reagan used to joke that you could say Congress spends like drunken sailors, but that would be unfair to drunken sailors, because drunken sailors are at least spending their own money.

    4. – The result is continuing high inflation and misery for most, which in my view is just as bad as a recession (stagflation).

      According to a Reuters poll Brandon is leading by 4 points. Kind of hard to believe but I keep meeting crazy people.

      1. Kind of hard to believe but I keep meeting crazy people.
        I am amazed at the support Biden has among the people I know.
        Crazy is a good word for it.

  15. The Biden Administration is conspiring with Monopoly Corporations and their co conspirators to create a One World Order dictorship.
    Nothing else explains the events of over 4 years now.
    Border invasion
    Censorship Monopoly owned media.
    Mandating expiermental EUA failed killer vaccines.
    Transgender attack on minors.
    Government refusal to take vaccines off market that aren’t fit for human consumption they want to put in everything.
    Wars, wars, wars
    Crime out of control
    AI and Robot roll out, owned by Monopolies with no regulation by Governments.
    Attack on free speech and second amendment.
    Banks wanting digital currency to control consumption.
    Biden making Treaties to transfer power to WHO to dictate a total tyranny under WHO to dictate global response to Pandemics, Global Warming, Equity, etc, with unlimited powers.
    Monopolies in control of almost all commerce, investments, supply lines, acting in collusion .
    Printing of money, inflation destroying affordable life for masses.
    Attack on political opposition by false claims of enemy of state or a insurrection.
    Breakdown of previous systems to bring on Great Reset One World Order Agenda.
    Gain of function bio weapons funded and either released or faked to attack humanity.
    Forced trans humanism , hacking people , monitoring 24/7 against will.
    Division by race, or age, or sex , religion or anything to create divisions between people.
    Fake Science with censorship of dispute. Fake solutions to contrived and manufactured Emergencies like Panademic or Climate Change.
    You will own nothing, eat bugs, mandated vaccines, 24/7 surveillance, forced hacked, no cars, deprived with no freedoms in their vision of their Great Reset.
    The US and other Countries are under Attack in everyway , without the global Governments doing anything to stop it, but rather they are colluding with this insane power grab by these nuts and psychopaths like Klaus Schwab , Bill Gates, Soros, Monopoly Corporations, Who/UN, CCP , and others.
    Take over the Governments, and that’s how you take over a Country without announcing you have declared war on that Country, if you capture the Governments and military of those Governments.
    That’s why its always about partnerships with governments, and treaties with governments, and putting Puppets in Governments by rigged elections.
    Add to all this the UN 2030 Sustainable Earth agenda, which is their blueprint for mass genocide and forced deprivation and enslavement of humanity, and you know they are the psychopathic enemy of humans, plants, animals and earth.

    1. The US and other Countries are under Attack in everyway

      FWIW, most of the world perceives the US and its allies as the aggressors. As a foreigner I once chatted with said: The US always gets what it wants. What foreigners don’t always understand is that the American people don’t benefit from Washington’s foreign policy, which was once described as “Invade the world, inite the world”

  16. Buying votes with money stolen from taxpayers.

    CNBC (4/10/2024):

    “The Biden administration is moving ahead quickly with its new student loan forgiveness plan, with hopes of starting to wipe out people’s debts as soon as this fall.

    That action could prove crucial in the upcoming presidential election, experts say.

    Issues that “present a sharp contrast between Democrats and Republicans are more likely to impact the election, especially if the issues affect voter turnout for one party over the other,” said higher education expert Mark Kantrowitz. Student loan forgiveness falls into that category, he said.”

    https://www.cnbc.com/2024/04/10/biden-administration-could-start-forgiving-student-debt-this-year.html

    So I’ll be getting a refund check for all the loans I paid off in full, right?

    FJB

    1. So I’ll be getting a refund check for all the loans I paid off in full, right?

      Nope. And remember, your direct transfer to the IRS will be taken on April 15th.

  17. Housing Prices in China Drop 90%, ‘Surrounding Beijing’ Homes Remain Unsold Even When Offered Free
    China Observer
    4 hours ago

    The once popular housing market in the area around Beijing, known as “suburban Beijing housing,” continues to decline, posing a headache for homeowners. Previously, suburban Beijing housing was in high demand, serving as a landing spot for countless individuals moving to Beijing. Slogans like “The charming suburbs of Beijing, yearning for the beautiful Langfang” and “One Beijing, four Peacock Cities” deeply resonated with many aspiring Beijing residents. The “four peacock cities” refer to the development of four new urban areas around Beijing, with their planned modern infrastructure and amenities. These areas are intended to alleviate population pressure in the capital city by providing housing and employment opportunities in surrounding regions. Therefore, the real estate market in suburban Beijing gained favor among investors.

    https://www.youtube.com/watch?v=dcH-EC9Ztwc

    18:19.

    2. “Homes Remain Unsold Even When Offered Free”

      Nothing about owning a home is “free”. If you don’t sink money into maintenance and repair, phyiscal dep

      1. …physical depreciation will steadily erode the value of the property until you have a costly disposal promer

        1. …disposal problem to pay for. Plus property tax.

          Sorry, folks, there are no free lunches in property ownership.

  18. ‘China-based Z&L Properties, which developed and owns the two-tower housing complex, had fallen behind in the payment of HOA dues on completed-but-unsold units. The HOA decided to auction the units to buyers who will begin paying the monthly fees after they take ownership. Z&L has 90 days to regain ownership of the just-sold units — if the company pays the delinquent dues, late fees and penalties for each condo…For now, though, the buyers of the nine condos paid a stunning fraction of what people might expect to pay’

    This has actually been brewing for a year or more. But it’s the classic HOA versus bagholders fighting over the crumbs.

    1. Ahem…

      Be Very Careful With Certain Condo’s (GTA Condo Real Estate Market Update)
      Team Sessa Real Estate
      20 minutes ago TORONTO

      In this episode we take a look at the current GTA Condo Markets – Toronto, Vaughan, Richmond Hill, Markham, Brampton, Mississauga, Ajax, Whitby, Pickering for week ending April 3, 2024. We also discuss why some condos might not be as great of a deal as they seem. Blacklisted condo’s may have a low purchase price but they often come with highly restrictive mortgage lending requirements as well as higher maintenance fees.

      This video will focus specifically on GTA Condo Markets – Toronto, Vaughan, Richmond Hill, Markham, Brampton, Mississauga, Ajax, Whitby, Pickering but be sure to SUBSCRIBE for more reports on other areas!

      Chapters:
      0:00 Introdudction
      0:22 Be careful with blacklisted condos
      8:06 Toronto, Vaughan, Richmond Hill, Markham, Brampton, Mississauga Condo Market Update
      15:32 Our New Studio Listing!

      https://www.youtube.com/watch?v=t67zIgFp2vs

      16:13.

  19. ‘inventory is the highest it’s been in five or six years. ‘We’ve been telling some of our sellers that it’s not really even a buyer’s market right now. It’s actually a bargain hunters market’

    That’s the spirit Chad!

  20. ‘These unique trophy homes are more akin to the art market than the real estate market, with value determined mainly by a potential buyer’s perception’

    I’ll give ya tree fiddy Noah.

  21. ‘Talk to most commercial real estate experts and you’ll hear that downtown Portland is a smoking crater…reeking of fentanyl’

    But how is the walk-ability?

  22. ‘A glut of newly constructed apartment buildings in the city has sent rents down 7% year over year, and landlords are getting more creative with their marketing. ‘We see gift cards,’ Dominey said. ‘You get, like, a $2,000 Amex gift card if you sign within 48 hours’

    The effective rent would factor in the 2000 peso give-back Garrett. So it’s down a lot more than 7%.

  23. ‘who preferred to stay anonymous for future job prospects, hasn’t received any superannuation for 18 months, not since October 2022. ‘All staff are absolutely disgusted’

    This is where saving during all those years of plenty pays off Ron*.

  25. https://twitter.com/DonMiami3/status/1778117994008224208
    Don Johnson @DonMiami3

    When you let the politicians interfere with and forcefully set your monetary policy – you get a banana republic.

    MacroEdge
    FinancialJuice @financialjuice · 7h

    🔴 BIDEN: INFLATION NEWS MAY DELAY RATE CUT, BUT I DON’T KNOW WHAT FED WILL DO, BUT THERE WILL BE RATE CUT BEFORE THE END OF THE YEAR.

    11:49 AM · Apr 10, 2024 · 10.7K Views

    1. Is Wall Street’s rate cut bullshit factory out of order? Or is there still enough alcohol left in the punch bowl to reboot it?

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