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These Sellers Are Losing Big

A report from the Bangor Daily News. “This time last year, Jordan Stolt would have had no problem finding an eager buyer for her $310,000 listing in central Maine. It’s a solid starter home on Winslow’s Roy Street. The 1,000-square-foot home is well below Maine’s average value, making the cost no barrier to a sale in the hot housing market of the past few years. While Maine’s housing inventory remains critically low, demand for homes has waned since a wave of migration during the COVID-19 pandemic. Maine’s sale prices have dropped in all but one of the months between October and February, according to Redfin. Only 29 percent of homes here sold above list price in February, a significant drop from that time last year. ‘The inventory issue is definitely still there, but I think there’s less demand and of course it’s coupled with interest rates,’ Michelle Labonte, a senior residential lender at Kennebec Savings Bank, said. ‘The bidding wars aren’t happening that are bracing the prices.'”

“Stolt, a designated broker-owner with Summit Real Estate, has not seen the bidding war she expected over her Winslow listing, which hit the market on March 11. She recently cut the price by $10,000 to keep the property competitive. ‘The feedback from buyers was that they couldn’t afford the monthly payments with interest rates,’ Stolt said. ‘A lot of people just can’t afford what people are asking for their homes.'”

From Moneywise. “Even for relatively savvy savers — such as Rosalie from San Antonio, Texas —- high mortgage rates may not be enough to resist the temptation to overpay for a home. In a conversation with ‘The Ramsey Show’ co-hosts Jade Warshaw and Ken Coleman, she shared how she and her husband felt ‘in over our heads’ about a property purchase. ‘I feel like it’s way too much money and I’m having a bit of remorse,’ she said. Last year, she and her husband sold their first home to buy a bigger property. Now, they’re paying $4,000 a month for their mortgage. That’s 40% of their $10,000 combined monthly income.”

“Although they clearly qualified for this mortgage, Warshaw believes they should have resisted the temptation to max out their purchasing power. ‘They want you to spend, spend, spend because they get paid off that,’ she said of banks and mortgage brokers. In fact, Warshaw claims she and her husband were once approved for mortgage payments up to 50% of their combined income and decided to turn down the offer. Coleman recommends selling the home and downsizing. This is despite the fact that closing costs could chew into Rosalie’s home equity. ‘Take the hit and you get out with very little stress,’ he said. ‘Learn from this and move on.'”

Fortune on California. “In San Francisco, the median home sale prices peaked in April 2022 (two or so years into the pandemic-fueled housing boom). But it’s plunged 15% or $250,000 since then, as of February, according to Redfin. The average home value in the city is down almost 4% in the past year alone, per Zillow. ‘The typical person who bought in San Francisco at nearly any point in 2021 or 2022, when the housing market was red hot due to ultra-low mortgage rates, would have taken a loss if they sold during the first few months of this year,’ the analysis read. ‘And these sellers are losing big. ‘In San Francisco, the typical homeowner who sold at a loss parted with their home for $155,500 less than they bought it for, the largest dollar loss of any major metro,’ Redfin’s data journalist and senior economist wrote. ‘Nationwide, the median loss was $39,912.'”

“A local Redfin agent included in the analysis said something similar: ‘Home prices have fallen from their peak…It’s not just because mortgage rates are high. San Francisco has lost some of its appeal post-pandemic. A lot of tech employers and big-name retailers have moved out of the city, and some of my clients have reported they’re leaving the area because they don’t feel as safe as they used to.'”

The Los Angeles Times. “Thousands of Californians who won’t see their home insurance renewed by State Farm this summer are homeowners in Los Angeles County, with some upscale Westside neighborhoods hit hard, according to the insurer’s recent filings with the Department of Insurance. A majority of the insurer’s customers in neighborhoods in West Los Angeles as well as in or near the Santa Monica Mountains including Bel-Air, Pacific Palisades and Woodland Hills are going to lose their coverage. Older homeowners and those with comparatively lower incomes who bought when housing was much cheaper could be hard hit. Orinda in Contra Costa County and Los Gatos in Santa Clara County also will see a high number of policyholders lose coverage.”

“Thelma Waxman, president of the Brentwood Homeowners Assn., whose 1,200 members own about 4,000 properties, said it had been a stressful time for members, and for residents living near high-risk fire zones. Losing State Farm coverage ‘is the No. 1 topic of discussion’ among association members, she said. ‘Everybody is nervous.'”

ABC 15 in Arizona. “Police say a fire that destroyed more than a dozen homes under construction in Phoenix Sunday night is now being investigated as possible arson. Firefighters were called to the scene near 59th Avenue and Baseline Road around 11:30 p.m. Sunday where multiple homes were engulfed in flames. The homes are part of a D.R. Horton build-to-rent community, Ascend at South Mountain, scheduled to be finished by year’s end. The homes were not available for lease yet. This was the second major blaze impacting homes under construction that ABC15 reported on within a week. A fire recently ripped through an apartment complex site in Prescott Valley, causing an estimated $60 million in damage.”

From 10 Tampa Bay. “When Bill Lundy bought his brand-new home at The Preserve at La Paloma in Sun City Center just off I-75, he wasn’t expecting the need for contractors and repairs almost soon as he got the keys. Property records show Lundy purchased the property in 2023 from a homebuilder called Mattamy Homes. A behemoth in the development world, the company has built thousands of homes across the nation and in Florida. 10 Investigates combed through court records in multiple counties across the state and counted more than 100 lawsuits with hundreds of complaints against Mattamy and its subcontractors for construction defects.”

“Stucco defects and failure, roofing system defects and code violations appear as common homeowner grievances. ‘The quality of their work, of our home, is– I’d give it an F,’ homeowner Mike Harley said. Harley also lives in The Preserve at La Paloma,. Harley said he keeps an Excel spreadsheet of problems that need attention in his new home. ‘We walked into the home on August 1 and had problems since day 1,’ he said. ‘Within the first few days, we had water leaking into the door up to about 10 feet because the sprinkler system was pointed toward the front door. There’s a lot of people who are unhappy,’ Harley added.”

The Miami Herald in Florida. “The corruption trial of a former senior Ecuadorian official charged with laundering more than $10 million in bribes through Miami’s banking system and real estate market may not feature a household name as a defendant. But the Brazilian company accused of paying off Ecuador’s ex-comptroller, Carlos Ramon Polit, is one of the biggest engineering and construction firms in the world. Its name is Odebrecht, which admitted to a massive bribery scheme across the Americas in 2016 and agreed to pay $2.6 billion in a record corruption settlement with the Justice Department. Polit’s trial, a spin-off of that high-profile scandal, started Tuesday.”

“The case, probed by Homeland Security Investigations, is built upon an electronic trail of financial records and cooperating witnesses. One of them took the witness stand after opening statements Tuesday. Jose Santos, who worked as an engineering and construction executive at Odebrecht for 38 years, testified that he was asked to resolve the company’s huge fines with the Ecuadorian government over the power-plant fiasco and then found himself being extorted by Polit. According to the prosecutor, Polit told Santos: ‘My son in Miami makes the money disappear.'”

The National Post in Canada. “The rollout of the City of Toronto’s vacant home tax has been nothing short of disastrous. There’s no point trying to fix it, as it’s a flawed tax that was always going to be a mess. It needs to be axed. The vacant home tax , now in its second year, requires an annual declaration from homeowners that they are either living in their property or renting it out for at least six months of the year. This declaration needs to be made yearly for each property a person owns. But Toronto is not Vancouver. It is not, as one magazine feature described the West Coast city, ‘a giant safety deposit box for China’s elite.’ The same feature detailed how Vancouver real estate firms send recruiters to Chinese cities to bring wealthy buyers over on bus tours of high-end neighbourhoods. In other cases, homes are bought from abroad sight unseen.”

The Luxembourg Times. “Luxembourg’s stalled housing market is hitting even the country’s affordable housing developer, with the Société Nationale des Habitations à Bon Marché (SNHBM) selling almost 80% fewer subsidised properties last year. Despite thousands of people on its waiting list, the SNHBM in 2023 sold 38 new homes – including 16 apartments and 22 single-family houses – compared to 187 units in 2022, the Luxemburger Wort reported on Tuesday. More than a third of the 289 homes the SNHBM constructed in 2022 were still on the market nearly halfway through last year, the organisation said in May. A subsidized apartment near the airport in the social property developer’s Elmen site costs between €5,400 and €5,900 per square meter, an elevated price which SNHBM director Guy Entringer explained in January was the result of its higher loan interest rates, increased construction costs, administrative requirements for archaeological excavations and a low prescribed density.”

The New Indian Express. “Situated on the north-western edge of Delhi, Narela is a dichotomous locality comprised of dense urban villages and massive housing projects by the Delhi Development Authority (DDA). The DDA had envisioned Narela as a mega ‘sub-city’, akin to Dwarka and Rohini. The authority has constructed over 47,000 flats here since 2010. However, 40,000 of these flats remain unsold, with many labelling the locality a ‘Ghost Town’. Outside of the DDA’s planned housing projects, residents of Narela’s urban villages face the same host of issues that plague other parts of Delhi, including sanitation, congestion, and infrastructural issues. However, the most pressing concern for most residents is transportation.”

“‘We need better connectivity to the city centre. The closest metro station is 15km away, and DTC bus service is also inadequate here. It is far more convenient for us to travel to Sonipat than to commute to the centre of Delhi,’ said Vinay Mis hra, a resident of Swatantra Nagar in Narela.”

From Tuoi Tre News. “A top Vietnamese property tycoon was sentenced to death on Thursday in one of the biggest corruption cases in history, with an estimated $27 billion in damages. A panel of three hand-picked jurors and two judges rejected all defence arguments by Truong My Lan, chair of major developer Van Thinh Phat, who was found guilty of swindling cash from Saigon Commercial Bank (SCB) over a decade. ‘The defendant’s actions… eroded people’s trust in the leadership of the Party and state,’ read the verdict at the trial in the southern business hub Ho Chi Minh City.”

“Lan, born in 1956, denied the charges and blamed her subordinates. Lan embezzled $12.5 billion, but prosecutors said Thursday the total damages caused by the scam now amounted to $27 billion — a figure equivalent to six percent of Vietnam’s 2023 GDP. She and the others were arrested as part of a national corruption crackdown that has swept up numerous officials and members of Vietnam’s business elite in recent years. Lan appeared to say in final remarks to the court last week that she had thoughts of suicide. ‘In my desperation, I thought of death,’ she said, according to state media. ‘I am so angry that I was stupid enough to get involved in this very fierce business environment — the banking sector — which I have little knowledge of.'”

“After a five-week trial in Ho Chi Minh City, 85 others also face verdicts and sentencing on charges ranging from bribery and abuse of power to appropriation and violations of banking law. Police have identified around 42,000 victims of the scandal, which has shocked the Southeast Asian country. Lan, who is married to a wealthy Hong Kong businessman also on trial, was accused of setting up fake loan applications to withdraw money from SCB, in which she owned an over-90-percent stake. Police say the scam’s victims are all SCB bondholders who cannot withdraw their money and have not received interest or principal payments since Lan’s arrest. Prosecutors said during the trial they had seized more than 1,000 properties belonging to Lan.”

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This Post Has 50 Comments

  2. ‘Now, they’re paying $4,000 a month for their mortgage. That’s 40% of their $10,000 combined monthly income…Warshaw claims she and her husband were once approved for mortgage payments up to 50% of their combined income and decided to turn down the offer’

    Sound lending!

    1. “Last year, she and her husband sold their first home to buy a bigger property.”

      I’d wager that she badgered her husband until he relented. Now remorseful, she’ll figure out how to blame him.

  3. ‘We walked into the home on August 1 and had problems since day 1,’ he said. ‘Within the first few days, we had water leaking into the door up to about 10 feet because the sprinkler system was pointed toward the front door’

    You know Mike, you can turn a sprinkler head with yer fingers. Bill though is hosed.

    1. Remarkable indeed ….All she stole was 27B over 10 years ….If they’d start that in the US ,a lot of big bankers and other money people ,would be quickly moving off-shore ,but not to the Bahamas ,it took the Bitcoin king just a week in their jail , to beg to return to the US, must have been bad there..

    2. Imagine a country

      It would be a Communist country, pretending their whole system wasn’t corrupt to the core.

  5. ‘Thelma Waxman, president of the Brentwood Homeowners Assn., whose 1,200 members own about 4,000 properties, said it had been a stressful time for members, and for residents living near high-risk fire zones. Losing State Farm coverage ‘is the No. 1 topic of discussion’ among association members, she said. ‘Everybody is nervous’

    Gosh Thelma, it’s a good thing you can always sell!

  6. ‘The feedback from buyers was that they couldn’t afford the monthly payments with interest rates,’ Stolt said.

    Buyers who aren’t buying are lookey-loos. Let’s keep our terminology straight, shall we, greedheads?

    1. There’s an answer in that people cant afford it. Your price is too high. WTF with these people

    2. My wife and I are lookey-loos. Who can actually avoid looking at a large slow motion train wreck, am I right?

      1. “Who can actually avoid looking at a large slow motion train wreck, am I right?”

        \\

        – U.S. & global housing is FUBAR.

        – Housing Bubble 1.0 in U.S. wasn’t enough. Followed by global Housing Bubble 2.0, since governments and their central banks are a one trick pony. This is The New Economy.

        – Asset bubbles always burst. Follow the HBB for daily updates. Ample supply of popcorn recommended.

        – Free markets, I hardly knew ya! 🤡 🌎

  7. ‘I feel like it’s way too much money and I’m having a bit of remorse,’ she said.

    Emotion-based decision-making coupled with a galactic sense of entitlement rarely ends well. The absence of accountability & reason doesn’t help, either, especially when the “investment” goes pear-shaped.

  8. BREAKING, INSIDE THE FEDERAL RESERVE: Hidden Camera captures Principal Economist @federalreserve talking about Jerome Powell’s legacy as “somebody who held the line against like, Trump.” The influential agency responsible for maintaining a stable monetary system appears to not just be establishing interest rates, but to be setting policies for desired social outcomes.

    “Under Powell, the Fed has changed to think about equity issues, like racial issues, think about wealth inequality as part of the mandate, as part of the things we are following. Think about climate change.” Aurel Hizmo, Principal Economist at the Federal Reserve, who prior to working at the Fed was an Assistant Professor @NYUStern
    and received his PhD in Economics from @DukeU
    , helps write speeches for Federal Reserve Board Chair Jerome Powell for the Federal Open Market Committee.

    Hizmo says “Trump is just a crazy person” and conservatives are “dumb” as he describes to OMG’s American Swiper Citizen Journalist a politicized Federal Reserve Board where Powell has promoted ESG issues like climate change and “wants to be remembered in history” “as a savior.” But shhh…don’t tell anyone because Hizmo says: “I’m just really worried that I’m saying stuff that’s classified…It’s all classified.”

    https://twitter.com/JamesOKeefeIII/status/1778157381907513802

    1. “Hidden Camera captures Principal Economist @federalreserve talking about Jerome Powell’s legacy as “somebody who held the line against like, Trump.” “

      //

      – The Fed is the Progressive 5th Branch of .gov., right after the Progressive 4th branch of The Deep / Administrative State, in which I’ve lumped every other unelected and unaccountable .gov entity into.

      – They’re both part of “The Swamp.”

      – The Fed supports D Presidents. This election cycle isn’t different. The Fed is pro capital (banks, the wealthy and corporations) and against labor (citizens / workers ).

      – Those in power want to remain in power.

      – The Fed now effectively controls the purse strings, since they print $ for debt monitization. Banana Republic.

      – The system is rotten to the core, yet few understand this.

      – Livin’ ‘The Hunger Games’…

      1. Oh, totally. She is free from any conflicts of interest, and has only the best interests of her clients at heart.

  10. ‘The typical person who bought in San Francisco at nearly any point in 2021 or 2022, when the housing market was red hot due to ultra-low mortgage rates, would have taken a loss if they sold during the first few months of this year,’ the analysis read. ‘And these sellers are losing big.

    But…but…muh generational wealth!

  15. What the Perma-bears Get Wrong About the Stock Market

    A sustained rally has led to fears, but the doom-mongers are ignoring the economy’s strong fundamentals.
    By James Surowiecki
    An illustration showing a bubble hidden under a golden wrap
    Ben Kothe / The Atlantic; Getty
    April 11, 2024, 7:30 AM ET

    War in the Middle East. War in Ukraine. Rising oil prices. Inflation still hovering above 3 percent, and mortgage rates above 6 percent. The possible reelection of Donald Trump, with the prospect of a trade war with China to follow. Investors in the stock market seemingly have plenty to worry about. But so far this year, they have shrugged off anxiety: The S&P 500 index had its best first-quarter performance since 2019, up more than 10 percent. And that’s on the heels of a strong 2023, when the S&P rose 24 percent.

    Not surprisingly, this bull run has some market observers fretting. Jeremy Grantham—a perma-bear who seems never to have met a market rally he did not distrust—has warned that the market is at “illogical and dangerous” levels. Because a good chunk of the recent boom has been driven by tech stocks, particularly AI-connected stocks, some commentators have drawn parallels to the stock-market bubble of the late 1990s, dubbed the dot-com boom. Even the more restrained critics have argued that because the S&P’s performance has been driven by big gains in a relatively small number of highly valued stocks, the market is at risk of tumbling if those stocks hit a speed bump. As an investment strategist at J.P. Morgan put it recently, extreme market concentration presents “a clear and present risk to equity markets in 2024.”

    The skepticism about the sustainability of this rally is unsurprising, given how much stocks have risen in just the past six months. And predictions about bubbles bursting are exciting and headline-grabbing. Understandably, too, when the stock market surges based seemingly on the good fortune of a few high-profile stocks, a lot of people get very nervous. But sometimes, stocks surge for a reason. The trick is to separate the signal from the noise.

    The underlying reality is that this rally has been driven mainly by economic fundamentals, including the continued strength of the U.S. economy and corporate profit margins and profit growth, as well as some optimism about future interest-rate cuts by the Federal Reserve. Investors certainly have a good deal of uncertainty to wrestle with, but using the word bubble to describe this market is just a misnomer.
    …
    https://www.theatlantic.com/ideas/archive/2024/04/stock-market-tech-bubble/678024/

      1. I get all of my financial advice from the Atlantic

        You should probably be getting all your political policy advice from the Atlantic as well. It is just as valid as its financial advice.

        1. If you were occasionally tickling Laurene Jobs’ heart the pillow talk advice might resemble The Atlantic Monthly.

    2. ChatGPT 3.5

      User
      What is an asset price bubble?

      ChatGPT
      An asset price bubble occurs when the prices of assets, like stocks, real estate, or commodities, rise rapidly and excessively, driven by speculation rather than fundamental factors like underlying economic conditions or earnings potential. Eventually, the bubble bursts, leading to a sharp decline in prices.

      ChatGPT can make mistakes. Consider checking important information.

      ChatGPT

  16. A reader sent these in:

    Yet another data point that just doesn’t fit the narrative. When looked at by the sub point “New Delinquencies Due to Unemployment” we’ve also set a new record. Think about that for a moment… theoretically low unemployment and surging delinquencies due to unemployment? “Confusing”

    https://twitter.com/profplum99/status/1777446873759908121

    In 2019 Powell became the first Fed Chair to cut rates in a non recessionary environment with unemployment below 4%.
    And he’s intent on doing it again. No matter the data.

    https://twitter.com/NorthmanTrader/status/1777673678328652180

    If you played this as a kid, your childhood was awesome.

    https://twitter.com/dougboneparth/status/1777692990057611375

    Reality setting in across the $TSLA Universe. They aren’t tolerating the Muskings anymore…

    https://twitter.com/ShortingIsFun/status/1777800036341969347

    Volcker took rates to 22% to fight CPI readings that – if we calculated CPI the same today – would be identical to today’s. Think about that for a moment.

    https://twitter.com/RudyHavenstein/status/1488755489244532736

    🔴 FED’S POWELL: FOMC MEMBERS UNLIKELY TO BE REPLACED BY IMMIGRANTS, MORE CONCERNED ABOUT A.I.

    https://twitter.com/RudyHavenstein/status/1777719807816974669

    1976 Democratic Party Platform: “Inflation is a tax that erodes the income of our workers, distorts business investment decisions, and redistributes income in favor of the rich.”

    https://twitter.com/RudyHavenstein/status/1358165483531345920

    Gee, how did legacy media get so discredited?

    https://twitter.com/RudyHavenstein/status/1775913230759506047

    Full-time employment is declining sharply.

    https://twitter.com/JeffWeniger/status/1777752383033835874

    The US received 920,000 applications for asylum in 2023, a 12x increase from a decade ago (76k applications).

    https://twitter.com/charliebilello/status/1777818778841297405

    December pivot in retrospect

    https://twitter.com/INArteCarloDoss/status/1778041349637329221

    The CPI for electricity is zooming. The first time we saw anything like this was in the wake of the 1973 oil embargo, with electricity prices running higher for the rest of the 1970s. Then we saw it when the “Commodities Super Cycle” busted the middle class into 2008.

    https://twitter.com/JeffWeniger/status/1778080141199147314

    Uh-oh (5) Now, that is ugly. Bigly ugly!!!! US CPI super core +8.2% over the past three months annualized.

    https://twitter.com/StephaneDeo/status/1778045306891903397

    Powell can say whatever he wants
    And everyone can calculate inflation “ex this ex that”
    Truth is that the percentage of items running at 4% or above never went below 50%
    and this is not broadbased disinflation
    and never was

    https://twitter.com/gianlucac1/status/1778059932685775105

    High-end beverage retailer Boisson is insolvent and will close all its retail locations
    American Home Fitness – maker of the Stair Master and Precor gym equipment – is bankrupt

    https://twitter.com/MacroEdgeRes/status/1778135767627301083

    FDIC CHIEF: US IS READY IF BIG WALL STREET BANK EVER FAILED

    https://twitter.com/DeItaone/status/1778061060823462086

    ❖ Redfin Reports Nearly 20% of San Francisco Home Sellers Take a Loss on Their Sale, More Than Four Times the National Share

    Nearly one of five (17.8%) homes that sold in San Francisco during the three months ending February 29 sold at a loss, according to a new report from Redfin. That’s comparable with the 17.9% share hit during the three months ending January 31, which was the highest in 11 years.

    https://twitter.com/DeItaone/status/1778038336663208191

    Stagflation would be the worst possible outcome. Most expensive time to ‘exist’ in America in American history, millions of migrants to replace the lower end American workers for less pay (keep costs down for mega-co’s with legal armies), unemployment rises…

    https://twitter.com/DonMiami3/status/1768633713028468947

    There is no diversity of thought at the Fed. “The Federal Reserve has 400 PhD economists…The basic problem is they’re virtually all neo-Keynesians. I don’t even know any Austrian economists there, there’s very few neo-classical economists – I would consider myself more closely aligned with neo-classical…” – Lacy Hunt

    https://twitter.com/RudyHavenstein/status/1770857542106620066

    “In 2021 the Democrat-to-Republican ratio was 10.4 to 1. For every Republican economist at the Federal Reserve, there are more than 10 Democrats. The lack of political diversity is especially pronounced among the economists of the Board of Governors, where the ratio is 48.5 to 1”

    https://twitter.com/RudyHavenstein/status/1740774013822259610

    BLS: Food at home: +1.2% YOY. Someone presumably wrote this with a straight face.

    https://twitter.com/RudyHavenstein/status/1778057118722986440

    BREAKING: 🇺🇸 Key inflation data was leaked to BlackRock and JP Morgan by the Bureau of Labor Statistics, allowing their traders to make market moving bets – Bloomberg and NYT

    https://twitter.com/RadarHits/status/1778031476245705161

    1. The first link in the set “New Delinquencies Due to Unemployment” is an important one. Everyone should go see the chart, it is for FHA backed loans which is where the best deals will be as the foreclosure inventory starts to pile up. This is the real beginning we’ve been waiting for and it is already setting records! Places like Texas are going to have so many empty foreclosed homes that you might have to pay a carbon tax just to be allowed to print the list out. That is still a ways out though, it takes time for this process to grind everyone down.

  17. I wonder if there will be a long slow funeral procession with a white hearse on the highway?

    O.J. Simpson Dead At 76 After Cancer Battle

    by Zero Hedge
    April 11th 2024, 10:23 am
    “

    1. The US received 920,000 applications for asylum in 2023, a 12x increase from a decade ago (76k applications).

      Everyone thinks they’re going to live to 90+. A lot of people are going to be disappointed.

      1. Because word is out that asylum seekers have court dares years and decades out and until then, no taxes, and plenty of FREE monthly money, housing, medical, dental, education, food, phones, transportation so the TAKERS are here to TAKE our ancestral wealth a d degrade our quality of life with crime, disease, illiteracy, and customs anathema to WESTERN CIVILIZATION.

  18. Sound Investigations
    @SoundInvestig

    BREAKING: CIA Officer CONFIRMS CIA “Advisors” in Ukraine “A Well-Known Secret” “Under State Department Cover”

    Border Asylum Process: Most Know “They’re Not Going to Qualify…Do It Enough Times, You Get a Sympathetic Ear”

    Says CIA Could Benefit From TikTok Breakup: “That’s Why They’re Passing the Law Now to Make ’Em Do It”

    FBI Seizes Money From Foreigners “We Don’t Like” for “No Reason,” Just “Because We Could”

    10:07 AM · Apr 11, 2024

    https://x.com/SoundInvestig/status/1778424695521468480

  19. Anyone else notice the propaganda articles popping up, claiming that the appearance of turbo cancers predates the jab? Funny thing is, I never heard of this until recently. I wonder if this was part of the propaganda plan all along, to deny that the jab is killing more and more people.

  20. ‘Coleman recommends selling the home and downsizing. This is despite the fact that closing costs could chew into Rosalie’s home equity. ‘Take the hit and you get out with very little stress,’ he said. ‘Learn from this and move on’

    This is yer moment of truth Rosalie. Are you going to listen to this loser Ken or are you going to be a winnah!?

  21. ‘Home prices have fallen from their peak…It’s not just because mortgage rates are high. San Francisco has lost some of its appeal post-pandemic. A lot of tech employers and big-name retailers have moved out of the city, and some of my clients have reported they’re leaving the area because they don’t feel as safe as they used to’

    Yer saying no one wants to live there local Redfin agent?

  22. ‘According to the prosecutor, Polit told Santos: ‘My son in Miami makes the money disappear’

    IMO you have to see it to understand it. Miami RE makes no sense without dirty money.

  23. ‘A subsidized apartment near the airport in the social property developer’s Elmen site costs between €5,400 and €5,900 per square meter, an elevated price’

    We don’t hear from you guys often, but bravo Luxembourg! Outstanding bubble, enjoy the crash.

  24. ‘The authority has constructed over 47,000 flats here since 2010. However, 40,000 of these flats remain unsold, with many labelling the locality a ‘Ghost Town’

    Before 2010 this was some very expensive residential real estate. But the wheels fell of and never returned.

  25. ‘A top Vietnamese property tycoon was sentenced to death on Thursday in one of the biggest corruption cases in history, with an estimated $27 billion in damages…Lan appeared to say in final remarks to the court last week that she had thoughts of suicide. ‘In my desperation, I thought of death’

    It sounds like the parties are close to a meeting of the minds Truong.

  26. These Losses Are Getting Insane! (York Region Real Estate Market Update)
    Team Sessa Real Estate
    32 minutes ago VAUGHAN

    In this episode we take a look at the current Vaughan Home Prices, Richmond Hill Home Prices & Markham Home Prices and real estate market trends for week ending April 3, 2024. We also discuss why buying right is one of the most important things in real estate. No one can predict when what the market will do but overextending yourself to the extreme could cause some really big issues down the road.

    https://www.youtube.com/watch?v=39S7e17JcSI

    12:23.

  28. 0:34

    Mr. Sausage
    @MrSausageGet

    ⚡️Texas Supreme Court Justice John Devine, who rules on election disputes: “Do you really think the Democrats are gonna roll over and let Trump be president again? You think they’re just gonna go away, all of a sudden find Jesus and be an honest election?”

    9:22 AM · Apr 7, 2024

    https://x.com/MrSausageGet/status/1776963834466419086

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