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This Is Too Good To Be True, I Gotta Get Out Before It Gets Bad

A report from Fox 54 in Alabama. “‘It’s a good time to buy,’ Lore Hislop, president of the Huntsville Area Association of Realtors shares. ‘You know, the old buyer-seller’s market is a very common term. You hear all over the news and we say market because our inventory is leveling out. We are seeing a lot more inventory in that, an attainability range we like to call it. And so, we’re really excited. We are seeing 45% of the homes currently selling, at least it’s all in hindsight, below list price and then around 17% above list price.'”

The Citrus County Chronicle. “The median price of an existing single-family home in Citrus County dropped for the first time in recent memory, according to the Florida Realtors’ April market report. More homes are remaining unsold at their original list prices, leading sellers to lower their prices in order to attract buyers in a highly competitive market. In April, the inventory rose at a faster rate than in previous years, with a 47 percent increase for single-family homes. That marks the 32nd consecutive monthly increase. Kevin Cunningham, broker-owner of RE/MAX Realty One, said more housing options on the market are leading to increased competitiveness, causing price drops. ‘This is an event that hasn’t occurred in quite some time,’ he said. ‘Each instance of cause-and-effect brings hope to buyers, signaling a more balanced real estate market.'”

The American Statesman. “Austin has ended up on a new top 10 list, and this time it’s not on one of those ‘best of’ ones. In its fourth annual report on U.S. moving trends, PODS Enterprises — the moving and storage company known for its portable containers — ranks Austin No. 5 among the top 10 locations people are leaving this year. In the past couple of years, apartment leasing declined in Central Texas due to slower migration and slower job growth, coupled with a supply of rental units that exceeds demand, local real estate experts have said. Austin’s tech sector has seen layoffs, which experts say have contributed to slower apartment leasing and fewer people moving in.”

“Los Angeles, Northern California, South Florida’s Miami metro and Long Island, N.Y., continue to see the largest population exoduses, the report said. ‘While the draw to natural surroundings is a driving force, skyrocketing costs of living have proven equally influential in this lifestyle pivot,’ the report said. ‘Exorbitant housing costs, overcrowding, and hefty tax burdens have become, for some, insurmountable challenges in these urban centers.'”

From Newsweek. “Some of the major cities in California saw rental prices plunge amid declining demand as the areas saw population losses, according to Zumper. Oakland saw rent plunge more than 9 percent in May, followed by Sacramento, which recorded an 8 percent drop compared to the same time a year ago. Overall, seven of the 11 California cities that Zumper looked showed a drop in May. Crystal Chen, a spokesperson at Zumper, added that drop in demand may have been due to the Bay Area and the Los Angeles metro area witnessing some of the largest population losses in the last few years. ‘The demand for housing has, you know, has lessened. And therefore that’s where prices have gone down annually in, in a lot of these big cities,’ she said. ‘The California economy isn’t doing the best right now and I think in the short term this trend will continue to happen where people are moving out of California since it’s so expensive to live here.'”

“Zumper also pointed out that some California cities are struggling to recover the jobs they lost during the COVID-19 pandemic. Los Angeles has 60,000 fewer jobs right now than it did before the coronavirus hit and led to strict lockdowns that forced businesses to lay off employees. San Francisco has 45,000 fewer jobs than before the COVID-induced economic crisis. Meanwhile, California’s 5.3 percent unemployment rate is 1 percentage point higher than the national rate, contributing to a struggling rental market in the state, according to Zumper.”

From Bisnow. “Restaurants that took the U.S. by storm 30 to 40 years ago are beginning to drop like flies after a whirlwind past few years that forced rapid innovation in response to evolving consumer demands. At least 12 of the nation’s biggest casual chains plan to scale back their portfolios this year, and while reasons behind the reductions vary, the potential real estate impacts grow more layered as closures bloom. In less desirable markets, the empty carcasses of once-beloved chain restaurants will be harder to reckon with. ‘The casual market has slowly tailored back over the last 10 years,’ said Jill Battilega Rowe, partner at Venable and an attorney specializing in real estate litigation. ‘The pandemic expedited everything, but the real estate is still there.’ When a company files for bankruptcy, it is given the freedom to walk away from lease obligations, leaving affected landlords holding the bag, Rowe explained.”

The Wall Street Journal on Illinois. “Chicago gave birth to the skyscraper in the late 19th century. Now, local developers and politicians are trying to keep many of today’s office towers from dying off. The city is going beyond any other in providing public subsidies to convert obsolete office space into apartments and hotels, despite enormous budgetary challenges. Chicago’s office-vacancy rate has soared to 16.3% from 11.9% in early 2020, and it is notably higher than the U.S. average of 13.8%, according to data firm CoStar Group. Some downtown office buildings have sold for less than one-quarter of what they were valued at a few years ago.”

The Globe and Mail. “Prime Minister Justin Trudeau says his government aims to make housing more affordable for younger Canadians without bringing down home prices for existing homeowners. Cutting shelter costs while ensuring that homeowners’ property values remain high could be viewed as contradictory, but Mr. Trudeau was adamant that property owners would not lose out. ‘Housing needs to retain its value,’ Mr. Trudeau told The Globe and Mail’s City Space podcast. ‘It’s a huge part of people’s potential for retirement and future nest egg.’ Although the typical home price is down about 10 per cent from the height of the pandemic’s real estate boom in early 2022, values are still 37 per cent higher than in 2019, according to data from the Canadian Real Estate Association.”

Toronto.com in Canada. “A bright burst of flames lights up the inside of a darkened home. Seconds later a person dressed in dark clothing and bright white sneakers bolts out the front door. All of this was captured by a video camera set up in a new Brampton subdivision where the home that went up in flames was among many still under construction. Peel Regional Police said the video shows just one of several arsons committed between 1:30 a.m. and 3 a.m. at home building sites in the area, during a three-week span in July 2023. That same year, there were dozens of what police deemed suspicious fires across central and southern Ontario. All of them at homes under construction that were torched in the middle of the night.”

“Blazes burned at housing construction sites from Bradford to Burlington and from Vaughan to The Blue Mountains, leaving a trail of destruction and many unanswered questions. In some cases, these fires destroyed three or four homes. But, in one instance, an inferno in Vaughan last November ravaged at least 30 townhouses and a fire truck. It’s happening outside the GTA, too. A spokesperson for Northbridge Insurance, a Toronto-based company that provides coverage to home builders, says they’ve seen a dramatic rise in the number of claims. ‘We’ve seen 10 times more suspicious fires in the residential homebuilding space than we’ve seen in the last five years combined,’ the spokesperson said.”

“An alert sent to its clients in December, Northbridge Insurance noted a ‘quick and noticeable increase in suspicious fires affecting home builders, which may be being exacerbated by current financial and property market conditions.’ The alert listed a number of preventive measures builders can take, including enhancing security, conducting end-of-day inspections and engaging ‘with purchasers four-to-six months prior to closing to see if there is any risk of the inability to obtain financing and close on their unit(s).’ The company also recommended builders conduct a home appraisal to determine if the appraised value of the unit is less than the original purchase price. That’s as close as anyone we’ve spoken with has come to trying to pinpoint a reason.”

CBC News in Canada. “Bankruptcy proceedings for disgraced Victoria mortgage broker Greg Martel found he was operating a ‘massive’ Ponzi scheme that helped fund a lavish lifestyle. Documents from receiver and trustee PricewaterhouseCoopers (PwC) say an analysis of money from investors that flowed into and out of Martel’s company My Mortgage Auction Corp. (MMAC) — also known as Shop Your Own Mortgage — indicated none of it was used to fund real estate bridge loans, as was advertised. PwC found that the bridge loans Martel was selling never existed. Instead, money given to Martel was used to pay off earlier investors, channeled into his other companies, or used to cover significant operating expenses in a five-year period from 2018 to 2023. PwC also says Martel contributed to his bankruptcy in part through ‘unjustifiable extravagance in living.'”

“Martel attracted investors by promising sky-high rates of return, sometimes as high as 100 per cent on an annualized basis. MMAC collapsed last year amid a flurry of lawsuits by investors claiming they were owed money. In total, Martel brought in $270 million from his investors, according to PwC. Bruce Smid of Edmonton said he invested twice with Martel in 2018, but became suspicious and took his money out. ‘I was an early investor and when it started to look a little [iffy] I tried to pull it out,’ he said. ‘It took so long to just get one [investment out] and then even longer to get the second.’ Smid said Martel kept promising higher and higher rates of return. ‘I was thinking, ‘Man… this is too good to be true. I gotta get out before it gets bad,’ said Smid.”

ABC News in Australia. “When Sarah and Nick Wilms found out they were expecting a second child, they decided they would sell the parcel of land they had planned to build their dream home on. They had been living in North Wonthaggi since 2020 and purchased a separate block of land within the same housing estate the following year. But the couple has been left in limbo after both blocks were put under an Environmental Audit Overlay (EAO) by the Victorian government, which has brought down the value of sites in the area. The EAO affects about 250 properties in the Wonthaggi North East Precinct and has been applied to land that may be at ‘high or medium risk of potential contamination.'”

“Liam Martin was one of the first residents in the area to find out about the overlay when his builder notified him of the need to conduct an environmental assessment, which could cost up to $80,000, prior to building on his land. ‘I was devastated. I’d put all my life savings into this land. It couldn’t have come at a worse time,’ he said. Opposition spokesperson for planning James Newbury urged residents to make complaints to their local member of parliament. ‘They’ve literally stolen $150,000 out of your pocket,’ he said.”

The Malaysia Star. “Several housebuyers of a housing project in Taman Fadason, which had stalled more than a decade ago, want the authorities to intervene. Launched in 2012, the project in Kepong, Kuala Lumpur, comprised three-storey linked units. The housebuyers said it was a joint venture between a private developer and Kuala Lumpur City Hall (DBKL). They paid a 10% deposit to the developer for the units, which were estimated to cost between RM1.2mil and RM2mil.”

“Some 20 purchasers gathered for a press conference to voice their concerns and demand that DBKL resolve the issue. Among them was Carrie Chin, 44, who said she paid a RM159,000 deposit to secure her unit.She said several years ago, she and other housebuyers demanded a refund after the developer failed to start work on the project. ‘The developer agreed to our request and began paying us in monthly instalments. I received seven instalments totalling RM70,000 but then the payments stopped,’ said Chin.”

“Local community activist Yee Poh Ping, who is helping the housebuyers, said several meetings had been held with DBKL. ‘We learnt that DBKL, which is the project’s landowner, had in 2014, cancelled the joint venture after the developer failed to fulfil its obligations. However, the housebuyers were left in limbo. We urge DBKL to step in and defend their rights,’ said Yee. When StarMetro visited the site, the team found an abandoned show unit. The area was filled with rubbish and stagnant water. There were also many vehicles parked there.”

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This Post Has 67 Comments

  1. Citrus County is a county located on the northwest central coast of the U.S. state of Florida. As of the 2020 census, the population was 153,843. Its county seat is Inverness, and its largest community is Homosassa Springs. Citrus County comprises the Homosassa Springs, Florida Metropolitan Statistical Area.

    I’m looking at a map and this sh$thole is BFE.

    1. There may be a lot of crappy houses on the market and Citrus County is one of the most naturally beautiful parts of Florida. Along the coast there’s very little development because there are no beaches, only mangrove swamps, and the area has more natural springs than any other part of the US (which our most recent governors have allowed to be drained by Big Water). We’re in our second year of drought, and still that area was hit hard by Idalia. I’m guessing that insurance companies are taking full advantage of the 2023 law allowing them to require virtually replacement of any roof more than 15 years old if the home inspectors hired and paid by the insurance companies certify the roof has fewer than 3 years useful life – after more than doubling rates in the previous few years. No matter what kind of a hurricane season we have, Florida will only be a few months away from a major disaster as long as we live. Sigh.

  2. ‘‘quick and noticeable increase in suspicious fires affecting home builders, which may be being exacerbated by current financial and property market conditions.’ The alert listed a number of preventive measures builders can take, including enhancing security, conducting end-of-day inspections and engaging ‘with purchasers four-to-six months prior to closing to see if there is any risk of the inability to obtain financing and close on their unit(s).’ The company also recommended builders conduct a home appraisal to determine if the appraised value of the unit is less than the original purchase price. That’s as close as anyone we’ve spoken with has come to trying to pinpoint a reason’

    I was going to ask why haven’t the K-da police said boo, but they can’t even keep some thug from walking into yer igloo and stealing yer car keys.

    1. Arson in Canada?

      Just like the “wildfires” last year to make you give up your car, eat the bugs, and live in the pod.

      “Raise taxes to change the weather” — Experts™

    2. “…quick and noticeable increase in suspicious fires affecting home builders, which may be being exacerbated by current financial and property market conditions.”

      A downturn and the welder’s spark are best friends!

      1. welder’s spark

        Not a lot of welding going on in the typical stick constructed multi family construction as far as I’ve seen.

      2. The welder’s spark is a popular term used by journalists when the reality is often a propane torch used while soldering plumbing.

  3. ‘I was devastated. I’d put all my life savings into this land. It couldn’t have come at a worse time’

    It is still way cheaper than renting Liam.

  4. ‘that drop in demand may have been due to the Bay Area and the Los Angeles metro area witnessing some of the largest population losses in the last few years. ‘The demand for housing has, you know, has lessened. And therefore that’s where prices have gone down annually in, in a lot of these big cities,’ she said. ‘The California economy isn’t doing the best right now and I think in the short term this trend will continue to happen where people are moving out of California since it’s so expensive to live here’

    And these are giant sh$tholes Crystal.

  5. From the Austin link:

    PODS listed these cities as having the most move-outs:

    Los Angeles (first in 2023)
    Northern California (San Francisco area, second in 2023)
    South Florida (Miami area, fifth in 2023)
    Long Island, N.Y. (fourth in 2023)
    Austin (not ranked in 2023)
    Central New Jersey (sixth in 2023)
    Chicago (third in 2023)
    San Diego (14th in 2023)
    Stockton-Modesto, Calif. (ninth in 2023)
    Hudson Valley, N.Y. (11th in 2023)

    1. beat me to it, Looks like California is half the top 10 list (almost). I”m sure this portends well for the rest of the USA.

  7. “Everybody Is Loving This”: Former NYC Hotel Worker Says Cash For Housing Migrants Is “Going Around And Around”

    https://www.zerohedge.com/markets/everybody-loving-former-nyc-hotel-worker-says-cash-housing-migrants-going-around-and-around

    Migrants being stored in fancy New York City hotels didn’t seem to make much sense, did it? Why would these hotels willingly surrender business from their high class patrons to take in migrants?

    Now we have our answer, and it’s the same answer it always is: money.

    A former hotel worker told Fox News on Monday that the hotels involved in the resettlement of illegal immigrants “are making lots of money through New York City’s shelter program for illegal immigrants”, the Daily Caller reported.

    The worker, Carlos Arellano, said that “everybody’s loving this because the money is just going around and around.”

    In fact, the report says that the average price of a hotel room increased from $277.92 in 2022 to $301.61 in 2023. Additionally, over 130 hotels have participated in the city’s shelter program by accommodating migrants.

    Arellano added: “When you walk into hotels to work at them, the main hotel staff is not doing anything, they are standing around, but yet they still charge the city for any little thing they can.”

    “And when you see 10 workers on the first floor of the lobby of the hotel, only two of them are really working, meanwhile the hotel will still charging the city for all 10 staff members, and you really don’t know what’s going on in there until you work in one of these places, but the costs just keep being driven up by the hotels,” he said.

    “I like to tell people when you see someone like a politician on the news saying ‘Oh, we regret, this, we wish this wasn’t happening,’ it’s all lies. Everything from the politicians to the owners of the hotels, everybody is loving this because the money is just going around and around.”

    Hotels participating in the city’s migrant shelter program are paid between $139 and $185 per night, per room, whether occupied or not, the report from the Daily Caller said.

    Facing budget constraints due to the cost of housing migrants, Democratic Mayor Eric Adams has implemented cuts, including closing libraries on Sundays and a hiring freeze for the NYPD.

    The U.S. Customs and Border Protection reported encounters with illegal immigrants rose from 1.6 million in fiscal year 2021, to 2.2 million in 2022, and 2 million in 2023, with 1.1 million so far in 2024.

    1. You are being replaced.

      Who is replacing you? The Southern Poverty Law Center and Anti Defamation League, that’s who.

  8. * “When StarMetro visited the site, the team found an abandoned show unit. The area was filled with rubbish and stagnant water. There were also many vehicles parked there.”

    “Hey Billy Ray Bob, they dun found them there ‘lectric F-1Fiddies you been hidin’ . . . tell Skeeter to get off his cousin & move ’em real quick like !!

  10. ‘You know, the old buyer-seller’s market is a very common term. You hear all over the news and we say market because our inventory is leveling out.

    It’s just sad watching REIC shills trying desperately to corral the last of the stoopids into signing on Mr. Banker’s line which is dotted.

  11. “This is an event that hasn’t occurred in quite some time,”

    These guys act like the last crash never happened.
    ‘08 – ‘12 wasn’t that long ago.

  12. “leaving affected landlords holding the bag”

    Landlord = bag-holder ……so you want to be a landlord.

  13. Revolver News (5/29/2024):

    “Chances are, if you’ve been keeping tabs on the COVID “coverup,: you’ve come across this story that began to unfold in 2022. There was a sudden spike in SIDS cases in Ottawa, Canada, where nine babies died shortly after their mothers received the vaccine. One detective, named Helen Grus, took it upon herself to investigate these incidents. Yet, simply for doing her job and delving into the vaccine’s possible role, she found herself suspended and vilified.

    The Ottawa police settled with one of the families who felt their privacy was breached, simply because a detective was determined to get to the bottom of their baby’s death, and that’s when Grus was suspended and her life was turned upside down.

    Now, she’s sharing her story, exposing the depths of the biased and dystopian ‘jab coverup.’ Why on earth wouldn’t we want to uncover any potential harm caused by this vaccine? When did people become such mindless, spineless jellyfish that they take the government’s word as gospel? It’s alarming to witness this transformation, especially at a time when our government and so-called ‘experts’ are so widely distrusted and disliked.”

    https://revolver.news/2024/05/ottawa-detective-suspended-for-investigating-babies-who-died-from-sids-after-mothers-took-the-jab/

    100% safe and effective.

  14. Antiwar (5/28/2024):

    “Former Republican presidential candidate Nikki Haley wrote “finish them” on an Israeli artillery shell during a visit to Israel to show her staunch support for the Israeli slaughter of Palestinians in Gaza and the Israeli bombing campaign in southern Lebanon.

    “America stands by Israel. Israel is fighting the enemies of the US today. Don’t stop until you win,” Haley said during a visit to Israel’s northern border, where she signed the artillery shell.”

    https://news.antiwar.com/2024/05/28/nikki-haley-visits-israel-writes-finish-them-on-israeli-artillery-shell/

    War pigs gonna PIG.

  15. California’s $20 Fast Food Minimum Wage Law Is Already Having Disastrous Unintended Consequences
    John Stossel
    Tue, May 28, 2024, 9:30 PM PDT
    3 min read
    John Stossel is seen next to a picture of California and $20
    Stossel TV

    California now leads the nation in imposing dumb wage laws.

    The state just raised the hourly minimum wage for fast food workers to $20.

    Gov. Gavin Newsom said, “We saw the inequities….We had a responsibility to do more.”

    Unions pushed for the higher minimum, and in Democrat-run states, unions usually get what they want.

    CNN announced, “Half a million California fast food workers will now earn $20 per hour.”

    Gullible leftists at the Center for American Progress claim, “A higher minimum wage would boost millions of families out of poverty and further stimulate the economy.”

    Yippee! It’s a happy cycle! Win-win.

    But wait, if it’s win-win, why just make the minimum $20? Why not $30? Or $100?

    Because government requiring higher wages is not a win-win.

    Interfering with market prices always creates nasty unintended consequences.

    Frederic Bastiat, in his work “That Which Is Seen, and That Which Is Not Seen,” points out that there are always seen and unseen consequences when government force impacts economic decisions. “Almost always,” he wrote, “the immediate consequence is favorable, the ultimate consequences are fatal.”
    …
    https://finance.yahoo.com/news/californias-20-fast-food-minimum-043059963.html

  16. All wars are bankers’ wars.

    Russia Today — British long-range missiles already being used to strike Russia – Ukrainian official (5/29/2024):

    “The Ukrainian military is already using British-made Storm Shadow missiles to strike targets deep in Russian territory, after being authorized to do so by London, Yuri Sak, Adviser to Ukraine’s Minister of Strategic Industries, has stated.

    His comments come after British Foreign Secretary David Cameron stated earlier this month that Kiev has the right to strike Russia with weapons supplied by the UK.

    In an interview with Bloomberg TV posted on Tuesday, Sak was asked if Ukraine’s forces intended to use foreign weapons against targets far behind the Russia-Ukraine conflict frontline. He replied that such incidents have already taken place.

    “The United Kingdom has already previously allowed Ukraine to use their long-range missiles, Storm Shadows, and we have been successfully using them,” the adviser claimed, without providing any further details about these strikes.”

    https://www.rt.com/russia/598403-ukraine-uk-missiles-russia/

    Bankers’ wars, did you say?

    Bankers’ wars. Brought to you by the money handlers, the money counters, the money fondlers, the practitioners of usury, the merchants of death.

    The same people Jesus kicked out of the temple 2,000 years ago.

  17. The WHO Treaty didn’t pass yesterday. They will no doubt try to come back at it.
    Apparently part of the Treaty amendments was that the Corrupt WHO could mandate vaccines and they included gene therapy in the documents. Can you imagine any Country giving some unelected fake Health organization the power to assault global populations.
    This was always the plan of the New World Order Entities to transfer power to their puppet organizations like WHO and UN to create a One World Order dictorship under fraudulent narratives of Climate Change doomsday and global Panademics, and other contrived health matters.

    1. Who enacted “vaccine” mandates in the US? Democrat Party, that’s who.

      Get injected with the Jim Jones Juice, pr get fired from your job.

      Democrat Party.

    1. Updated 23 min ago
      Yahoo Finance
      Stock market today: Dow leads stock slide as rising Treasury yields rattle nerves
      Karen Friar and Josh Schafer
      Updated
      Wed, May 29, 2024, 8:10 AM PDT

      US stocks waded in the red on Wednesday, after a spike in Treasury yields unsettled investors already weighing whether recent data will shift the needle on interest rates.

      The benchmark S&P 500 (^GSPC) fell 0.7%, while the Dow Jones Industrial Average (^DJI) drifted about 0.9% lower, shedding nearly 350 points. The Nasdaq Composite (^IXIC) also slid more than 0.7%.

      Stocks are selling off as investors contemplate a jump in US bond yields after a government debt auction flopped, reflecting worries that the Federal Reserve will keep rates higher for longer.
      …
      https://finance.yahoo.com/news/stock-market-today-dow-leads-stock-slide-as-rising-treasury-yields-rattle-nerves-115257321.html

    2. I have no stock market confidence left to rattle.

      “This sucker could go down” — George W. Bush

    4. Where are the risk managers from SVB?
      Find them, and do the opposite of what they think,

  19. Communism.

    Bidens’ newest climate aim: Greener homes? (5/28/2024):

    “The Biden administration is eyeing its next target for a climate makeover — the U.S. housing market.

    A policy that could win approval within weeks would ensure that most new houses are built with efficient heating and cooling systems, writes Thomas Frank.

    The move could help carve a sizable dent in the nation’s greenhouse gas emissions and make the homes cheaper for residents to operate. But it could also add at least thousands of dollars to the homes’ purchase price — worsening a major pain point already souring many Americans on the economy.

    The federal mandate would require new homes bought with mortgages backed by Fannie Mae or Freddie Mac — in other words, most homes — to conform to the latest international standards for energy efficiency. Many U.S. homebuilders now use standards that are over a decade old and have weaker requirements for insulation, lighting, heating and cooling.”

    https://www.politico.com/newsletters/power-switch/2024/05/28/bidens-newest-climate-aim-greener-homes-00160185

    Just like a watermelon, green on the outside, red on the inside.

  20. Small cup of coffee at the local gas station is up $0.22 in a week.

    I asked the girl at the counter about it and she said “Bidenomics in action.”

    Paul Krugman, why don’t you take one of your bottles of scotch you can’t even remember the price of, and shove it up your arse.

    2. Small cup of coffee at the local gas station is up $0.22 in a week.

      Inflation is really cranking up. The upper middle class is shopping at WalMart because even they are feeling it.

  21. Saul Alinsky: “always accuse your opponent of what you yourself are doing”

    From globalist sh*trag The Guardian:

    “With Joe Biden and Kamala Harris set to debut their outreach effort to Black voters at a joint rally in Philadelphia today, their re-election campaign accused Donald Trump of merely paying lip service to African Americans.

    “To no surprise, the Trump campaign has no real outreach or engagement plan to reach Black voters. Unlike our campaign, Trump believes that he does not need to put in any effort to earn the support of Black America,” the Biden-Harris campaign said in a statement that accused Trump of “running on an anti-Black agenda”.

    The energy we saw in the Bronx last week is growing. Stolen elections have consequences…

  22. Here Are The 3 Biggest Findings In Florida’s Grand Jury Report On Covid ‘Wrongdoing’ (5/29/2024):

    “Requested by Gov. Ron DeSantis and authorized by the Florida Supreme Court in December 2022, the grand jury was tasked with determining whether “pharmaceutical manufacturers (and their executive officers) and other medical associations or organizations” participated in “criminal activity or wrongdoing” concerning “their involvement in the development, approval or marketing of COVID-19 vaccines.” The jury released its first interim report in February, in which members confirmed the accuracy of many claims health “experts” and media apparatchiks dismissed as “misinformation.”

    1. Covid Patients Gain Natural Immunity Through Infection

    2. Government ‘Experts’ Attacked Potential Covid Treatments

    3. ‘Expert’ and Media Lies Put Lives at Risk

    https://thefederalist.com/2024/05/29/here-are-the-3-biggest-findings-in-floridas-grand-jury-report-on-covid-wrongdoing/

    Greatest FRAUD of my lifetime.

  23. WHEN IS CHARLOTTE GOING TO CRASH???!!!!

    I’m so sick of the influx…I was at Steelcreek home depot today….within 40 feet of me, Fl.Ok.Pa,Mi and NY tags. I hope we are the epicenter of the next housing crash. I’m sick of long lines, traffic…restaurant waits! Sorry for the rant. Crazy baby crash!

    2. Curious why your local PD doesn’t care about tags. It is a local tax revenue issue. And likely against the relevant local rules and regulations to drive without local tags after a month.

      The cops followed me constantly before I changed my tags when I moved a few years back. It is nice living somewhere with law enforcement.

  24. PM Trudeau Wants Real Estate to Retain its Value
    Mark Mitchell – Mortgage Broker London Ontario

    2 hours ago CANADA

    Canada’s housing market needs to retain its value, as Canadians have so much of their savings tied up in it – this according to Globe interview with Prime Minister Justin Trudeau. Yet, is that the only reason why the government is concerned with real estate market values?

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

    9:13.

  25. ‘It’s a good time to buy…You know, the old buyer-seller’s market is a very common term. You hear all over the news and we say market because our inventory is leveling out. We are seeing a lot more inventory in that, an attainability range we like to call it. And so, we’re really excited. We are seeing 45% of the homes currently selling, at least it’s all in hindsight, below list price and then around 17% above list price’

    In hindsight Lore, yer sinking like a turd in a well. You shouldn’t hit the sauce before these interviews.

  26. ‘Austin has ended up on a new top 10 list, and this time it’s not on one of those ‘best of’ ones…ranks Austin No. 5 among the top 10 locations people are leaving this year’

    Quotes From Catfish Hunter

    “He’d (Reggie Jackson) give you the shirt off his back. Of course he’d call a press conference to announce it.”

    “If I had done everything I was supposed to, I’d be leading the league in homers, have the highest batting average, have given $100,000 to the Cancer Fund and be married to Marie Osmond.”

    “I had some friends here from North Carolina who’d never seen a homer, so I gave them a couple.” Source: 1974 World Series Post Game Press Conference

    “The thing about Reggie (Jackson) is that you know he’s going to produce. And if he doesn’t, he’s going to talk enough to make people think he’s going to produce.”

    “The sun don’t shine on the same dog’s ass all the time.”

    https://www.baseball-almanac.com/quotes/quohunt.shtml

  27. These Condo’s Are Getting Worse (GTA Condo Real Estate Market Update)
    Team Sessa Real Estate

    40 minutes ago TORONTO

    In this episode we take a look at the current GTA Condo Markets – Toronto, York Region & Peel Region for week ending May 22, 2024. We also discuss the poor quality we are seeing when it comes to some newer buildings.

    https://www.youtube.com/watch?v=btDS7cxpUIw

    14:31.

  28. ‘The pandemic expedited everything, but the real estate is still there.’ When a company files for bankruptcy, it is given the freedom to walk away from lease obligations, leaving affected landlords holding the bag’

    That’s the spirit Jill!

  30. ‘Some downtown office buildings have sold for less than one-quarter of what they were valued at a few years ago’

    That’s some sound lending right there.

  31. ‘Housing needs to retain its value…It’s a huge part of people’s potential for retirement and future nest egg’

    We need the growth: K-da central bank during minor respiratory illness.

  32. ‘The developer agreed to our request and began paying us in monthly instalments. I received seven instalments totalling RM70,000 but then the payments stopped’

    Carrie:

    Ennio Morricone – the ecstasy of gold
    theItalyWiki

    Dec 24, 2010

    Ennio Morricone conducting his own composition, “The Ecstasy of Gold” from the film, “The Good, the Bad and the Ugly”.

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

    3:45.

  33. Naples Florida | Housing in Turmoil
    Ben Grieco

    55 minutes ago

    Southwest Florida’s Housing Market Continues to evolve as inventory climbs while condos and rentals suffer the most in Naples. Today I am joined by Naples area expert Real Estate Broker Elina Maranz to discuss the changes she is seeing in and around Collier County in both the sales and rental sectors.

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

    18:22.

    1. 1:46

      “I have two condos listed right now for sale, one is at $240,000 and one is at $275,000 They’re both overpriced and really should be much lower, Obviously we have owners that are still trying to catch the market that’s not there anymore.”

      That’s telling it like it is.

    1. DOW 30 -1.06%
      S&P 500 -0.74%
      NASDAQ 100 -0.70%

      The S&P 500 could plunge as much as 70% this cycle as markets hit a ‘motherlode’ of FOMO extremes, famed fund manager says
      Filip De Mott May 29, 2024, 8:48 AM PDT

      – Legendary investor John Hussman says the latest stock rally is rooted in the extreme fear of missing out.

      – FOMO factors have surged in markets, and stock prices could fall 50%-70% this cycle.

      – His firm’s most reliable indicator now exceeds 1929 extremes.
      …
      https://markets.businessinsider.com/news/stocks/stock-market-crash-outlook-sp500-bear-market-bubble-speculation-hussman-2024-5

  35. Are the rate daters finally about to get relief from the protracted period of higher-for-longer interest rates?

    1. The Fed rate decision meeting is today. Here’s their rate decision.
      moneywatch
      By Aimee Picchi
      Edited By Alain Sherter
      Updated on: May 1, 2024 / 3:45 PM EDT / CBS News

      The Federal Reserve on Wednesday afternoon said it is holding its benchmark rate steady after an uptick in inflation, meaning that consumers aren’t likely to see any near-term relief from high borrowing costs.

      At year start, about 9 in 10 economists had forecast that the Fed would cut its benchmark rate at its May 1 meeting. Yet shifting economic winds and stubbornly high inflation have complicated policy makers’ plans. On Wednesday, the Fed said it is keeping the federal funds rate in a range of 5.25% to 5.5%, the same level it has held since the central bank’s July 2023 meeting.
      …
      https://www.cbsnews.com/amp/news/federal-reserve-interest-rate-meeting-may-1-2024/

    1. California has 11 of the most overpriced housing markets in US. Here’s how much homes cost
      By Brianna Taylor
      May 29, 2024 2:38 PM

      California is home to some of the most overpriced housing markets in the nation, a new housing study reveals. A total of 11 California cities landed on a list of the top 100 housing markets in the United States created by Florida Atlantic University. Every month, the university uses data from Zillow and other sources to rank the cities’ housing markets as overpriced or underpriced based on the average home value compared to the expected price.

      Atlanta led April’s Beracha and Johnson Housing Market Ranking with a 41.3% average housing premium. This means homes in the Georgia city are being sold for 41.3% above what they should be priced. Detroit took second place with a housing premium of 40.8%, followed by Cape Coral, Florida, in third place with housing premium 37.6%. Only one California city cracked the top 20 of the Beracha and Johnson Housing Market Ranking. Modesto landed at No. 17 on the list with a housing premium of 32%. “It is hoped that knowing the premium or discount … will enable more informed decision making by buyers, sellers, real estate professionals and (policymakers) within that market,” researchers from Florida Atlantic University wrote on the site.

      California cities with the most overpriced housing markets

      These California cities were among the top overpriced metropolitan areas in the country as of April 30, according to Florida Atlantic University’s Beracha and Johnson Housing Market Ranking:

      No. 17 | Modesto Average home value: $466,035 Expected home price: $353,206 Average housing premium: 31.94%

      No. 36 | Stockton Average value: $542,583 Expected price: $426,860 Average premium: 27.11%

      No. 45 | Riverside Average value: $581,267 Expected price: $467,964 Average premium: 24.21%

      No. 50 | San Diego Average value: $957,094 Expected price: $769,252 Average premium: 24.42%

      No. 52 | Bakersfield Average value: $351,385 Expected price: $284,659 Average premium: 23.4%

      No. 58. | Fresno Average value: $397,214 Expected price: $325,286 Average premium: 22.11%

      No. 78 | Sacramento Average value: $584,289 Expected price: $499,795 Average premium: 16.9%

      No. 82 | Oxnard Average value: $874,666 Expected price: $753,009 Average premium: 16.2%

      No. 85 | Los Angeles Average value: $961,667 Expected price: $845,956 Average premium: 13.7%

      No. 86 | San Jose Average value: $1,633,092 Expected price: $1,434,668 Average premium: 13.8%

      No. 98 | San Francisco Average value: $1,187,716 Expected price: $1,161,573 Average premium: 2.3%
      …
      Read more at: https://www.sacbee.com/news/local/article288836105.html#storylink=cpy

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