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If You’ve Been Unrealistic With Your Pricing, You’re Not Going To Achieve It

A report from CNBC. “About 33.4% of single-family homes available for sale in the first quarter were newly built, almost double from pre-pandemic levels, according to Redfin. Over the last six months, the median price for a new home has become only about 4% higher than the median price of an existing house. While new builds are still sold for slightly more than existing homes, the price gap has significantly narrowed. ‘Prices are much closer to parity than during any point in the last three decades,’ Matthew Walsh, assistant director and economist at Moody’s Analytics, previously told CNBC. That level is significantly lower than before the pandemic when the median price of a new home was more than 40% higher than an existing house, Walsh said.”

National Mortgage Professional. “The share of for-sale supply that’s newly built has declined slightly from its 2022 peak because total inventory has crept up from last year’s historic lows, as more homeowners list their existing homes. In March there were 8.3 months of newly built homes on the market, compared to 3.2 months of supply for existing homes. ‘We have a fair amount of new-construction homes for sale, and thank goodness we do,’ said Nicole Dege, a Redfin Premier agent in Orlando, Fla. ‘Buyers are having a hard time finding single-family homes in their budget because not many homeowners are letting go of their houses, and those who are listing tend to price high because they haven’t come to terms with the fact that prices have come down from their 2022 peak. Builders have a better understanding of the current market, so they’re pricing fairly, offering mortgage-rate buydowns and providing other concessions to attract buyers.'”

From WESH. “Mounting HOA fees, upgrades required by insurance companies and sky-high insurance premiums are pricing the middle class and those on fixed incomes out of South Florida. For people who live in Winchester Courts in Palm Beach Gardens, their HOA payments have gone up between $300 and $400 depending on the unit. ‘We have the highest number of people who are delinquent with their dues that we’ve ever had, so that means a lot of people are struggling,’ Nancy Vought said. Vought has lived in her Winchester Courts home for 27 years. She and her neighbors had to shell out thousands for new roofs just to keep insurance coverage through Citizen’s Property Insurance Corporation, the state of Florida’s insurer of last resort. ‘It was actually right around $6,000 per person,’ she said.”

“The situation is especially difficult for those living on fixed incomes. ‘I’m a senior, I live alone and I basically live on my social security,’ Vought said. ‘What’s sad about it is I worked really hard before I retired to put away, put away, put away. I paid my mortgage off. I paid my car off, so that I could just sail, but now that’s not so easily done. I’ve really had to hit my 401K. I’ve had to do that four times.'”

Mansion Global. “The priciest home for sale in Asheville, North Carolina, is back on the market for $24 million, a $10 million price cut from the same time last year. The price cut comes as the metro area’s luxury market sees some softness amid more supply. The median asking price for a luxury home in greater Asheville was $1.5 million in the first quarter of this year, down more than 10% from a year ago, according to the latest data from Realtor.com, which defines luxury as the top 10% of the market.”

The Colorado Sun. “Last year’s Halloween party hosted by the Pikes Peak Association of Realtors seemed a little spookier than usual. Many attendees who had enjoyed the festivities the year before were missing, noticed Patrick Muldoon, president of real estate firm Muldoon Associates, with offices in Colorado Springs and Pueblo. It’d been a rough year, of course, for the industry nationwide. But Colorado Springs has felt the pain more than most — or at least by those hired to help buy or sell a house. Some agents probably couldn’t justify the event’s $66 ticket price, especially in a year when the number of houses sold dropped 25%. ‘Realtors were feeling the pressure and were being much more careful with their spending is how I would put that,’ said Muldoon, whose firm has sponsored the party for the past two years.”

“During the housing frenzy in the pandemic, a lot of newcomers moved to town from Denver or other parts of the state. ‘At that time, our median sales price was $300,000 and their (Denver’s) median sales price was around $600,000. So a pandemic hits and everybody wants to move and no one has to live in Denver anymore. It’s too expensive,’ said Gordon Dean, PPAR’s board chairman. ‘They sell their house in Denver, which sold in about a second with no inspection and no appraisal, and they bring all that equity down to Colorado Springs, where they were paying 20, 30, 40 and 50k above the list price.'”

“Muldoon’s sense is that Realtors decided to stick it out because the Federal Reserve had hinted that they would lower interest rates in 2024, leaving many feeling housing would boom once again. ‘I think a lot of people renewed on that hope,’ Muldoon said, but added, ‘I don’t have any proof of that. I talk to a lot of Realtors and they are absolutely suffering. They are not selling. They do have part-time jobs. … And I think a Realtor who already paid their dues … you’re committed for the year and you’re going to hang in there.'”

My San Antonio in Texas. “According to a report from the National Association of Realtors, home prices in San Antonio are bucking the national trend with a year over year decrease. The report says that the San Antonio-New Braunfels metro area saw median prices drop 4.6% from the same time last year. That’s a drop from the highest median home price of $334,100 to $305,800 in March 2024. San Antonio has the second largest decrease in home prices behind the Cumberland, Maryland decrease of 15.1%. The price drop doesn’t mean home sales are dipping as closings jumped 50% in San Antonio from January to March this year. It could, however, signal that San Antonio’s housing inventory is reaching ‘healthy’ levels after the pandemic housing craze.”

The Los Angeles Times in California. “First came the all-night parties and music blaring from a neighbor’s house in Long Beach that kept Andy Oliver up at night. Then there were the ‘smoke outs,’ when visitors enjoying refuge from hostile cannabis laws in their home states blazed marijuana throughout the day, sending clouds of hazy smoke into Oliver’s sanctuary, his house in the city’s College Estates neighborhood. The final straw was on Jan. 2, when a shooting victim climbed over his fence, bleeding and looking for shelter. In each case, the source of Oliver’s grief were tourists staying in an unhosted short-term rental next door. Such rentals are listed by homeowners who are not present during the guest’s stay, as with Airbnb.”

“‘The common theme that we kept running into was that this was a big deal for many residents and almost all of us got the runaround from the city of Long Beach,’ Oliver said. ‘They didn’t seem to care.’ As short-term rentals have spread, the responses across Southern California have varied. In Palm Springs, short-term rentals were capped in specific, high-demand neighborhoods, leading to a local drop in home prices. Last year, Lakewood banned them altogether.”

The Mercury News in California. “A big office complex in Sunnyvale that could be replaced by housing has suffered a foreclosure, suggesting the Bay Area’s office market remains feeble. Horizon Sunnyvale, known in commercial real estate circles as a ‘horizontal high-rise’ due to its massive end-to-end length, has been returned to its lender. Loancore Capital REIT took back the office complex through a foreclosure that valued the property at $57.3 million, according to documents filed on May 15 with the Santa Clara County Recorder’s Office. The financial difficulties that beset the property are a fresh example of the economic cataclysm that has engulfed the Bay Area office market in the wake of the outbreak of the coronavirus in early 2020. Plus, severe economic challenges have emerged for the Bay Area office market in the wake of the tech industry chopping jobs in the region and companies cutting back the size of their work footprints.”

Bisnow Washington DC. “The massive Gallery Place mixed-use property next to Capital One Arena appears poised to sell at a substantial discount to its assessed value. The pending acquisition of the 660K SF property by an MRP Realty-led joint venture, first disclosed in March, was revealed in new court documents to have a price point of $39M, the Washington Business Journal reported. The price MRP has reportedly agreed to pay is less than a fifth of Gallery Place’s 2025 assessed value of $225.7M. Plummeting property values, especially for older office buildings in downtown D.C., are expected to increasingly strain the city’s budget over the next few years.”

The Financial Post. “Like the famous cherry blossom trees in Toronto’s High Park, the Canadian housing market tends to bloom in the spring. This year, however, while the cherry blossoms bloomed on schedule, the housing market remained sluggish, awaiting the warmth of an economic recovery. With a record number of properties listed for sale across the country — the most since the onset of the COVID-19 pandemic — and slowing sales, buyers now find themselves in a favourable position. This market imbalance empowers buyers to negotiate more effectively, while forcing sellers to temper their expectations.”

“John Asher, co-founder of a Toronto-based self-directed real estate platform that simplifies the home-buying process and refunds up to 80 per cent of buy-side commission fees to buyers, sees stronger headwinds for the condominium market in Toronto. He has observed the drop in sales and rise in listings, characterizing Toronto as essentially a ‘buyers’ market.’ However, Asher also highlights a concerning trend: the increase in listing cancellations. This implies that while the number of listings is growing, sellers are withdrawing their properties from the market out of frustration.”

From Bloomberg. “Netflix Inc. has swapped the Hollywood Hills for the manicured squares of Mayfair in its new real estate show Buying London, the UK’s answer to the popular Selling Sunset reality program. Buying London, which begins streaming on Wednesday, debuts during a slowdown in London’s super-prime property market. Wealthy home sellers are cutting prices by as much as 30% to secure deals during a slump that’s gripped the high-end neighborhoods depicted on the Netflix show. In January, prime central London properties sold below 90% of their asking price for the first time since early 2019, according to data from LonRes. The spring, traditionally a very busy time for the prime London market, has been ‘a little lackluster,’ according to recent Knight Frank analysis.”

“‘We are in a place now where buyers are unsure as to whether they want to buy, and sellers don’t believe they are going to get the price that they are looking for, so that does create quite a slow market,’ says star of the show Daniel Daggers. ‘If you’ve been unrealistic with your pricing, you’re not going to achieve it in this current market.'”

Australian Broker. “Amidst Australia’s historic two-year rate hike cycle, the property market revealed a mix of resilience and decline across cities, suburbs, and regions, CoreLogic analysis showed. The percentage change in housing values ranges widely, with a 25.7% surge in Perth house values and an -11.2% drop in Hobart. Sydney’s house values increased by 0.4%, while Melbourne’s declined by -4.2%. Nationally, 37.9% of suburbs recorded a decline in dwelling values since the rate hike cycle began. Hobart suburbs were hit hardest, with 98.0% declining in value, followed by Melbourne (87.8%) and the ACT (87.6%). ‘The large drop in values can probably be attributed to a combination of a natural correction after values overshot what might be described as fair value, but also the severe weather and flooding events that impacted areas of northern NSW in early 2022,’ CoreLogic’s Tim Lawless said.”

The Korea Bizwire. “As unsold apartments pile up in Daegu, conflicts are intensifying between early buyers who paid premium prices and later buyers who secured units at significant discounts. The situation has reached a boiling point, with existing homeowners blocking apartment complexes to prevent discounted buyers from moving in. Residents of Villiv Heritage in Suseong-dong 4-ga, Suseong-gu, Daegu, are standing guard inside and outside the complex to prevent these later buyers from entering. Barbed wire fences have been erected around the apartments, including at the main entrance, with placards displayed that read, ‘No to buyers using public auctions or no-bid contracts.'”

“Move-ins for the early buyers began last August, yet less than 20 percent of its 146 units have been sold. The remaining units are now being offered on the public auction system at discounts of 300 million to 400 million won below the original prices. Existing buyers fear falling property values. For instance, if an apartment worth 1 billion won is sold at a 40% discount for 600 million won, buyers who secured discounts can sell it for 700 million won, gaining a benefit of 100 million won. Conversely, if market prices drop from the actual transaction price, those who bought at 1 billion won stand to incur significant losses. Meanwhile, Daegu has seen a significant rise in post-construction unsold units, often referred to as malicious unsolds. The Ministry of Land, Infrastructure, and Transport reports that at the end of the first quarter, Daegu had 1,306 such unsold units, the highest number among the country’s 17 cities and provinces.”

South China Morning Post. “With a degree of carte blanche in guiding and funding industrial expansions, China’s local governments have played an outsized role in propagating the country’s overcapacity conundrum, according to specialists in economic development and trade. Just a few months ago, China’s top leaders acknowledged that ‘overcapacity in some industries’ was a major economic challenge to tackle this year. And in March, President Xi Jinping warned against a ‘headlong rush into new projects’ in China’s drive for ‘new quality productive forces.’ But in recent weeks, the official message has shifted sharply, with allegations that the West was ‘hyping up’ the issue with a ‘trumped-up narrative’ rooted in protectionism, and that ‘so-called overcapacity is a sham.’ Xi now contends there is no such thing as ‘China’s overcapacity problem.'”

“And with Beijing sounding the alarm and urging action to curb worrisome debt levels among local governments amid a property slump and the nation’s uneven economic recovery, investments from government guidance funds have also slowed down. ‘As there has been serious overcapacity, and no more money to set up the [guidance] funds, projects in some places may inevitably be left unfinished, which means the money has been poured down the drain,’ said Tao Ran, a professor with the School of Humanities and Social Science at the Chinese University of Hong Kong (Shenzhen), who specialises in China’s economic transition and has closely followed land reform and urban development.”

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This Post Has 55 Comments

  1. HBB warning to readers: cnbc and bloomberg are globalist scum media who peddle conspiracy theories, election lies and mis, mal and dis-informations.

    1. “We know that they are lying, they know that they are lying, they even know that we know they are lying, we also know that they know we know they are lying too, they of course know that we certainly know they know we know they are lying too as well, but they are still lying. In our country, the lie has become not just moral category, but the pillar industry of this country.”

      ― Aleksandr Solzhenitsyn

  2. ‘The final straw was on Jan. 2, when a shooting victim climbed over his fence, bleeding and looking for shelter’

    Other than that, how’s the walk-ability Andy?

    1. We need a staggerability index. Oh, and a system to advise STR neighbors on what gang colors they need to wear on any given day.

  4. ‘He has observed the drop in sales and rise in listings, characterizing Toronto as essentially a ‘buyers’ market.’ However, Asher also highlights a concerning trend: the increase in listing cancellations. This implies that while the number of listings is growing, sellers are withdrawing their properties from the market out of frustration’

    Shut yer mouth John, winnahs! can always sell.

  5. ‘Muldoon’s sense is that Realtors decided to stick it out because the Federal Reserve had hinted that they would lower interest rates in 2024, leaving many feeling housing would boom once again. ‘I think a lot of people renewed on that hope,’ Muldoon said, but added, ‘I don’t have any proof of that. I talk to a lot of Realtors and they are absolutely suffering. They are not selling. They do have part-time jobs’

    So the UHS were rate daters too Pat?

  6. ‘The situation has reached a boiling point, with existing homeowners blocking apartment complexes to prevent discounted buyers from moving in. Residents of Villiv Heritage in Suseong-dong 4-ga, Suseong-gu, Daegu, are standing guard inside and outside the complex to prevent these later buyers from entering. Barbed wire fences have been erected around the apartments, including at the main entrance, with placards displayed that read, ‘No to buyers using public auctions or no-bid contracts’

    Yer not getting anywhere if you don’t stamp yer little feets.

  7. “Over the last six months, the median price for a new home has become only about 4% higher than the median price of an existing house”

    You hear that existing homeowners? That’s the sound of big builders bending you over and lining you up for a schlonging. That diminished price gap is developers slashing their prices and sucking up your precious equity.

  9. I’ve really had to hit my 401K. I’ve had to do that four times.’”

    Seems sustainable.

    1. Why does it have to be sustainable? In fact I thought that was the whole point of a 401K — dip into it until it’s gone. Ideally the 401K would be down to $0 on the day you die.

      1. Yeah, I love these incomplete financial disclosures that go along with these sob stories. Dipping into a 401k four times could mean anything, it could be she cashed in $5K each time and still has a $2M balance.

        1. still has a $2M balance.

          And possibly $100,000 of interest income that was unanticipated.

  10. I talk to a lot of Realtors and they are absolutely suffering. They are not selling. They do have part-time jobs. …

    The NAR is an industry of dissemblers that is ripe for disruption to cut these parasites and their ludicrous commisions out of real estate transactions.

  11. The price MRP has reportedly agreed to pay is less than a fifth of Gallery Place’s 2025 assessed value of $225.7M.

    Wut? I had it on good authority – a rando permabull on the HBB who professed to be an expert in such matters – that a 50% drop in CRE or shack prices was a “pipe dream.” Yet here we are with an 80% price drop…inconceivable!

  12. For instance, if an apartment worth 1 billion won is sold at a 40% discount for 600 million won, buyers who secured discounts can sell it for 700 million won, gaining a benefit of 100 million won.

    Correction, REIC hack journalists: If an apartment sells for 600 million won, then it is not being sold “at a discount” – Mr. Market has established it’s new market value.

  15. “Vought has lived in her Winchester Courts home for 27 years. … ‘I’m a senior, I live alone and I basically live on my social security… put away, put away, put away. I paid my mortgage off. I paid my car off, so that I could just sail, but now that’s not so easily done. I’ve really had to hit my 401K. I’ve had to do that four times.’”

    She’s not as bad off as she’s making out to be.

    1. She’s not as bad off

      That’s the thing about sailing, you either have enough provisions or you don’t.

  16. “the median price for a new home has become only about 4% higher than the median price of an existing house. ”

    Are they comparing apples to apples? Because the only new “homes” I’m seeing around here are luxury townhomes and condos-of-vibrancy. The kind with shared walls and multi-hundred dollar HOAs. The existing houses are better-built SFH with a yard, in a better location.

  17. So Graceland is coming up for auction, And the Pressley granddaughter claims its not a Legit loan? It shouldn’t be that hard to figure out if the mom loaned over 3Million $$ on it…… thats too much to hide?

  18. So Graceland is coming up for auction, And the Pressley granddaughter claims its not a Legit loan? It shouldn’t be that hard to figure out if the mom loaned over 3Million $$ on it…… thats too much to hide?

    1. The union accused the Sierra Club of laying off employees “with the possibility of a second Trump presidency threatening a complete assault on our environment,” and said that the group’s management “refused to reveal how the budget is being distributed and to clearly define why these cuts are necessary, especially when the Sierra Club is spending untold amounts on expensive outside counsel attorneys, consultants, and travel for executives.”

      Yeah, it’s Trump and the environment, not the other way ’round.

  20. Toronto Condo Investors Are Bleeding Cash – How Long Can This Last?
    Move Smartly

    1 hour ago

    Investors of newly completed condos are bleeding cash. The sky-high prices they paid for their units, combined with declining rents and high interest rates, are causing some investors to experience a shortfall of over $2K/month in their cash flow.

    Here’s a link to my article from Feb 2020 warning about the risks of buying a pre-construction condominium at that time.

    https://www.youtube.com/watch?v=xbZqR-maRI4

    7 minutes.

  21. AirBNB? Where’s the breakfast? More like AirBN fix your own darn breakfast, clean and take out the trash.

  22. How a fentanyl crime ring used a Canadian bank to do business | About That
    CBC News

    3 hours ago

    TD Bank is at the centre of a U.S. Department of Justice probe into a massive global money laundering scheme. Andrew Chang breaks down what we know from court documents and inside sources to explain how the scheme unfolded and the red flags analysts say should have been caught.

    https://www.youtube.com/watch?v=pix13S7FDxo

    11 minutes.

    1. I won’t post this related video link to globalist scum media:

      Canada is increasingly being seen as a money laundering haven: anti-money laundering expert
      BNN Bloomberg

      5 days ago

      This was plain as day 15 years ago.

    2. CBC News

      Ironically, if you are in Canada, this story is not in CBC’s headline newsfeed.

  23. ‘Prices are much closer to parity than during any point in the last three decades,’ Matthew Walsh, assistant director and economist at Moody’s Analytics, previously told CNBC. That level is significantly lower than before the pandemic when the median price of a new home was more than 40% higher than an existing house’

    A good time to mention new shacks are 30% of sales and have been for months when they are historically 15% Matt.

    1. ‘We have a fair amount of new-construction homes for sale, and thank goodness we do…Buyers are having a hard time finding single-family homes in their budget because not many homeowners are letting go of their houses, and those who are listing tend to price high because they haven’t come to terms with the fact that prices have come down from their 2022 peak. Builders have a better understanding of the current market, so they’re pricing fairly, offering mortgage-rate buydowns and providing other concessions to attract buyers’

      They’re leading the market down Nicole.

  24. ‘San Antonio has the second largest decrease in home prices behind the Cumberland, Maryland decrease of 15.1%’

    It’s a good thing everybody put 20% down in this sh!thole.

  25. ‘Nationally, 37.9% of suburbs recorded a decline in dwelling values since the rate hike cycle began. Hobart suburbs were hit hardest, with 98.0% declining in value, followed by Melbourne (87.8%) and the ACT (87.6%)’

    This is example 1003 of ‘Australia is red hotcakes!’ 24/7 then, oh, except for those poor bashtards.

    1. This is example 1003 of ‘Australia is red hotcakes!’ 24/7 then, oh, except for those poor bashtards.

      I keep seeing the occasional UTube video telling me how strong housing is in Australia and wonder how it could be with all the companies going our of business.

  26. ‘in March, President Xi Jinping warned against a ‘headlong rush into new projects’ in China’s drive for ‘new quality productive forces.’ But in recent weeks, the official message has shifted sharply, with allegations that the West was ‘hyping up’ the issue with a ‘trumped-up narrative’ rooted in protectionism, and that ‘so-called overcapacity is a sham.’ Xi now contends there is no such thing as ‘China’s overcapacity problem’

    That’s some deft central planning right there.

  27. SF doctors observe fentanyl side effect that causes people to be completely bent over after use

    ABC7 News Bay Area

    3 days ago

    The use of fentanyl is going up and the medical community is trying to understand just what it does to the human body.

    Things you may have witnessed are people so high, they just stand in the middle of the sidewalk bent over, appearing as if they were frozen in place.

    https://www.youtube.com/watch?v=H-Il9w-hIgg

    4:23.

    1. Fentanyl just took the life of my friends grandson. He was in his early 20s, batting addiction, had done well for a period of time and then bought a pill with the wrong stuff in it.

      1. Sorry.

        Similar story there to a friend’s son’s early demise…who didn’t know the street cocaine he was using was laced with fentanyl.

    2. “Things you may have witnessed are people so high, they just stand in the middle of the sidewalk bent over, appearing as if they were frozen in place.”

      How does that homeless San Francisco druggie get a disk replacement spinal surgery, and is now globe trotting and having fun? FWIW, I pay a hefty monthly sum out of my retirement for our Blue Cross medical insurance coverage.

  28. Why I Don’t Invest in Real Estate
    It Won’t Be What It Used To
    Tomas Pueyo
    11 min read
    6 days ago

    Real estate has been a great investment for so long that people think it always will be. This is a mistake. I don’t think it will.

    Powerful forces have been raising housing prices for decades. But they are now petering out, even reversing. As time passes, housing prices might shrink.

    To understand this, we need a very simple rule: the law of supply and demand.

    This article refers mainly to developed economies.

    Have Housing Prices Always Gone Up?

    No.

    But you wouldn’t know that, because all your life, housing prices have grown:

    Our living memory of housing prices only goes back to the 1950s. In that time, real housing prices have quadrupled. But what happens if we look a bit farther back in time?
    …
    https://tomaspueyo.medium.com/why-i-dont-invest-in-real-estate-ffa5fe475b56

  29. Given that all the hard landing forecasts have thus far failed, is it time to wave the all-clear signal and back up the truck?

      1. “The US economy is headed for a hard landing this year, and deep rate cuts are the only solution…”

        Isn’t that rate cut prescription what got us into this mess?

  30. U.S. Government ‘Cartel’ Paid CVS, Walgreens Billions to Reject Ivermectin Prescriptions, Push COVID Shots

    by John-Michael Dumais | The Defender
    May 22nd 2024, 5:37 am

    A “cartel” led by the U.S. government allegedly bribed large pharmacy chains like Walgreens and CVS with billions of dollars in contracts to promote COVID-19 vaccines and not fill prescriptions for ivermectin.

    Dr. James Thorp and attorney Maggie Thorp on Monday published an article in America Out Loud News exposing the government’s scheme to suppress the Nobel prize-winning drug using some of the nearly $200 billion in “provider relief funds” allocated to hospitals and pharmacies during the pandemic.

    The article highlights the controversy surrounding ivermectin, a drug that was “baselessly maligned” by the government, media and medical establishment despite its demonstrated efficacy against COVID-19.

    The authors noted former CNN anchor Chris Cuomo’s recent disclosure that he was taking ivermectin for long COVID — or for his COVID-19 vaccine injury, which he implied but didn’t confirm.

    Cuomo admitted, “We were given bad information about ivermectin,” and asked, “The real question is, why?”

    https://www.infowars.com/posts/u-s-government-cartel-paid-cvs-walgreens-billions-to-reject-ivermectin-prescriptions-push-covid-shots

  31. Venezuelan Migrant Accused of Molesting Young Boy in Florida

    JOHN BINDER
    21 May 2024

    Jhoiber De Jesus Marin-Perez, a 25-year-old Venezuelan migrant, was arrested by the Alachua County Sheriff’s Office on Saturday and charged with sexual battery of a child under 12 years old.

    Marin-Perez, who had only been staying at the residence for about a month at the time of the alleged incident, told police that he is bisexual and has not had a sexual partner since arriving in the United States from Venezuela.

    Marin-Perez also said the victim may have accused him of sexual battery because he was previously accused of raping two girls in his native Venezuela. He remains held without bail at the Alachua County Jail.

    https://www.breitbart.com/politics/2024/05/21/venezuelan-migrant-accused-molesting-young-boy-florida/

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