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That’s Not A Selling Feature Because Everything Is Down

A report from ABC Action News in Florida. “After years of a scorching hot housing market, a new report labels the Tampa region as one of the fastest-cooling housing markets in the country. North Port came in first place, followed by Tampa and Cape Coral. In fact, six Florida cities rounded up the top 10. Lakeland listed at number 9. After years of renting out his 3-bedroom, 2-and-half bath town home in Westchase Chris Weston decided to put it up for sale in February, citing high prices of insurance and HOA fees as to why. He listed the property at around $480,000 in February, but when it wasn’t moving like he thought it would, he decided to reduce the price, now listed at $435,000. He also upgraded the appliances, added new flooring and carpeting and fresh paint. However, it’s now 5 months later and the property is still for sale. ‘We have had on perspective buyer,’ Weston said. ‘It kind of took the wind out of our sails a bit because of how everything historically had been moving in Tampa, especially Westchase. We were counting in days and weeks and now the days and weeks turns to weeks and months.. it’s like is there an end to this?'”

WPTV in Florida. “Dorothy Calixte said she and her family are in a financial death spiral. Their home built by Port St. Lucie Properties is now in foreclosure. She’s trying to pay debts that keep getting bigger. Calixte said she got a loan in 2022 to have Port St. Lucie Properties build her house. Ten months later construction stopped, and she had to get another builder to finish the job for another $96,000. Coastal Builders was hired by Port St. Lucie Properties. The company said it built the foundation of Calixte’s home but were never paid by Port St. Lucie Properties. Now it’s filed to take possession of the house if the Calixte family doesn’t pay $123,000 for the work, and subsequent attorney fees. When I dug into court records last year, I found a 100 homes built by Port St. Lucie Properties had a total of $3.76 million worth of liens attached.”

“Calixte fears an expensive court battle will add to her debt. ‘I’m very worried,’ said Calixte. ‘Having a house is a great American dream. And I feel like it’s being taken away from me right now.’ She blames Port St. Lucie Properties owner Mark Montalto who was arrested in December on fraud charges.”

Hawaii News Now. “At the Oahu Country Club on Monday, insurance industry leaders tried to reassure Hawaii condo and homeowners, telling them the insurance rates they’re currently seeing will go down in a few years. However, some owners we talked to said they can’t afford to wait that long. ‘Just riding out the wave, that might work in the medium, long term, but right now people are hurting,’ said Waikiki condo owner Jacob Wiencek, who said rate increases have forced changes in his lifestyle. ‘I’ve had to cut down my personal spending. I’ve had to economize. I’ve had to pick up more shifts at my job and work more overtime.'”

Market Watch. “Two experts on housing from different sides of the aisle clashed Tuesday over what a second Trump administration could mean for Americans dealing with the tough market for home buyers. Mark Calabria, who served as the Trump administration’s head of the Federal Housing Finance Agency, said the Biden administration tends to put out a news release that says, ‘We care about housing supply,’ but when he reads it — ‘90% of it is about increasing demand. So I think you would see a switch away from that,’ Calabria said.”

From Boston.com. “The US Department of Veterans Affairs announced today that they are temporarily suspending the rule that prohibits borrowers from paying buyer’s agents fees when purchasing a home with VA mortgages. The rule change is in response to the proposed, but not-yet-approved class action settlement against the National Association of Realtors, several large brokerages, and many Multiple Listing Services. Before the temporary rule change, veterans would not be able to purchase homes with a buyer’s agent if the seller refused to compensate that agent. Not working with an agent leaves buyers vulnerable to deals that may not reflect their best interests. ‘We always want to put Veterans and their families in the best possible position to buy the homes they want, and that’s what this update is all about,’ Under Secretary for Benefits Joshua Jacobs wrote in a statement.”

From Moneywise. “Homeowners are often on the hunt for financial flexibility. Their options include a second mortgage, which may get new fuel thanks to a proposal from Freddie Mac that could revive interest in the long-dormant borrowing strategy. Second mortgages, which allow homeowners to tap their home equity for loans, have fallen in popularity. Scars from the 2008 financial crisis left both lenders and borrowers cautious. Stricter lending standards and regulations have made it more difficult to qualify for second mortgages. Now, Freddie Mac – the government-sponsored enterprise that buys and sells mortgage-backed securities – wants to make it easier for homeowners to tap this home equity. It has proposed the purchase of single-family closed-end second mortgages from lenders.”

“By purchasing these second mortgages, Freddie Mac would encourage lenders to offer more of these products, potentially leading to better rates and terms for borrowers – part of a broader effort to adapt to changing market conditions and offer more robust support to the housing market.”

Minot Daily News. “It was only 17 years ago that the ‘subprime’ mortgage crisis torpedoed the economy and sent the financial markets into the biggest tailspin since the Great Depression. Millions of Americans lost their jobs. One of the matches that lit that bonfire was Freddie Mac and its cousin, Fannie Mae, offering generous, taxpayer-guaranteed mortgage insurance to risky borrowers on loans with low down payments. It all blew up in the faces of the taxpayers even though the Washington experts said the chances of these mortgages going bust and taxpayers taking a loss was less than one in a thousand.”

“The biggest taxpayer bailouts went not to the Wall Street banks and investment companies but to Fannie and Freddie. Here we go again. The latest scheme by the Biden administration is to encourage families to borrow more money by using the equity in their home as collateral. Home equity loans are often very risky. If prices fall, home equity can become negative. There is nearly $18 trillion in home equity, and it’s one of the largest sources of savings and ownership for American families. Why in the world would President Joe Biden want to go down this dangerous road again? The obvious answer is that Biden wants to ‘stimulate’ spending by putting more cash into the hands of consumers so they can rush and spend it before the election. This also is happening at a time when Fannie and Freddie are now insuring million-dollar homes.”

From TV Insider. “Kevin Spacey got candid during an appearance on Piers Morgan‘s show Uncensored, where he spoke about the allegations against him, and revealed that his Baltimore home is being foreclosed on. Breaking down in tears, Spacey noted that he’d be traveling to Baltimore because his home there is being foreclosed on and sold at auction to account for the massive debt he’s accrued. ‘I have to go back to Baltimore and put all my things in storage,’ he told Morgan as he admitted, ‘I’m not quite sure where I’m going to live now.’ Morgan pushed for answers about the foreclosure and wondered why Spacey found himself in this predicament. ‘I can’t pay the bills that I owe,’ Spacey remarked.”

The Fresno Bee. “Two agricultural investment firms are among the buyers vying for a part of the more than 8,000 almond acres being sold in the wake of Trinitas Farming’s bankruptcy in California. Trinitas Advantaged Agricultural Partners and Trinitas Farming LLC filed for Chapter 11 bankruptcy on Feb. 19 after amassing $188 million of debt. The Oakdale-based Trinitas Farming developed and operated 17 separate almond ranches on 8,680 acres in Fresno, Tulare, San Joaquin, Contra Costa and Solano counties. Agriculture analysts say rising interest rates, escalating production costs and the declining prices for almonds all contributed to the downfall. The company folded before it could harvest its first crop.”

“Bankruptcy attorney Riley Walter said this has been a challenging time for almond growers. ‘When the market started softening quite a bit, there were major shifts in ag lending,’ said Walter, who represents Ceil W. Howe III, a Stratford farmer and one of the Trinitas owners. ‘Banks began tightening up their loan documents; there were more restrictions and loans were scrutinized a lot more closely.’ As a result, Trinitas could not sustain the downward turn in the market and put all of its almond ranches up for sale.”

Blog TO in Canada. “A Toronto home listed for sale multiple times over the past decade and eventually sold at a significant $400,000 loss demonstrates just how much prices in the city’s real estate market yo-yo up and down. The detached home, located at 12 Aldwinckle Hts. in York University Village, boasts 11 bedrooms and 10 bathrooms and, according to its listing, presents a huge ‘rental income’ opportunity for its buyer. Despite this, the home has quite a turbulent sale history. The home successfully sold for $1.45 million in February 2022, at a time when many prospective buyers flooded the city’s real estate market to take advantage of cheaper borrowing rates. In March 2024, the home was listed for sale at $1.299 million. After sitting on the market for roughly three months, it was sold for $1.05 million — approximately $400,000 less than it was originally sold for just two years prior.”

The Globe and Mail in Canada. “560 Cardero St., No. 502, Vancouver. Asking price: $809,000 (Feb. 28). Selling price: $798,000 (March 5). The sellers had purchased this one-bedroom condo five years ago as a temporary home so they could relocate to Vancouver. There are few one-bedroom condo units in the Coal Harbour area, which is filled with much larger luxury units. They received two offers but one was too low. Prices have dropped and buyers are looking for deals, says listing agent Ian Watt. ‘For sure it would have sold for more a couple years ago. That’s the reality. Everybody has to be careful looking at assessed values, because they don’t mean anything any more,’ Mr. Watt said. ‘A lot of people are advertising properties that are listed below assessed value. Well, that’s not a selling feature because everything is down [in value] from when they collected the data a year ago.'”

From Newshub. “New Zealand house prices plummeted by 2.3 percent in May from April, partly driven by caution from buyers amid high interest and council rates, Trade Me says. Due to the nature of the market and supply outgrowing demand, properties were spending more time on sale as buyers felt they were ‘able to take more time to make a decision,’ saidTrade Me spokesperson Casey Wylde. The price of a five-plus bedroom home in Auckland City was in freefall – down 9.9 percent from a year ago. That wasn’t surprising given ‘they’re among the most expensive properties in the country,’ Wylde said. In Hawke’s Bay, prices were down 3.7 percent month-on-month to $728,250.”

“Overall, New Zealand’s housing market was ‘increasingly dynamic,’ Wylde said. ‘Housing supply has fluctuated over recent years but, overall, has been on an upward trend. Especially now, following the consent boom in 2022, we’re starting to see a lot of those projects reaching completion and entering the market, largely concentrated in the main cities where the most need for new housing has been.'”

News.com.au in Australia. “Landlord are up in arms over proposed changes to rental rules, with some even claiming the move could spark a ‘mass exodus’ of investors. Last week, the Victorian government proposed new minimum rental standards relating to energy efficiency across the state. The proposed changes are in line with the government’s commitment towards net zero emissions by 2045 and would ensure that tenants are provided with ‘comfortable and energy efficient living arrangements.’ One homeowner called the plan ‘delusional,’ claiming it may save tenants money on energy bills but it would drive up rents. One added: ‘Renters will soon have better homes than some owner properties!'”

“There were many who branded the proposal just ‘another blow for landlords,’ with multiple people claiming this would see many selling their investment properties rather than having to comply with the new rules. ‘I reckon a mass exodus by landlords from the rental market. They are making a serious rental problem even worse. Timing is appalling,’ one person said. One person added: ‘Keep raising the costs to maintain rental properties and I can tell you myself and many more landlords will simply sell.'”

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This Post Has 94 Comments

  1. ‘The US Department of Veterans Affairs announced today that they are temporarily suspending the rule that prohibits borrowers from paying buyer’s agents fees when purchasing a home with VA mortgages. The rule change is in response to the proposed, but not-yet-approved class action settlement against the National Association of Realtors, several large brokerages, and many Multiple Listing Services. Before the temporary rule change, veterans would not be able to purchase homes with a buyer’s agent if the seller refused to compensate that agent. Not working with an agent leaves buyers vulnerable to deals that may not reflect their best interests. ‘We always want to put Veterans and their families in the best possible position to buy the homes they want, and that’s what this update is all about’

    Just last week guberment told lenders not to foreclose on VA loans. Now they say it’s OK to make over 100% loans. These loans have no downpayment, so the UHS commission gets rolled into the loan. This has always been done but the UHS lawsuit screwed that up, so VA is forced to allow it openly.

    Sound lending!

    1. ‘This also is happening at a time when Fannie and Freddie are now insuring million-dollar homes’

      Remember that one? Just part of the drip drip of layering more risk into the MBS system. You know what had the loan cap eliminated several years ago? VA loans. So a coast guard cook can get a million peso loan in San Diego.

      1. Making homes more affordable is just government speak for making it easier for financially dubious borrowers to get mortgages. And the banks don’t care because they know the government has their back regardless of the outcome.

      2. of layering more risk into the MBS system
        Layering of risk is the key.
        It;s one thing to have a 100% LTV loan if you have a DTI of 22% and a FICO of 800. It’s quite another to have a 100% LTV loan with a DTI of 45% and a 680 FICO. Layering of risk is a huge part of this lending puzzle.

  3. We were counting in days and weeks and now the days and weeks turns to weeks and months.. it’s like is there an end to this?’”

    It ends when you decide it ends, Chris. All you gotta do is get to sawin’ and slashin’ like you mean it, and a buyer will appear like a genie out of a lamp.

  4. “Dorothy Calixte said she and her family are in a financial death spiral. Their home built by Port St. Lucie Properties is now in foreclosure. She’s trying to pay debts that keep getting bigger.

    But…but…muh generational wealth!

    1. I dunno, you can’t really blame people because they got screwed over by the builder. I wonder if she would have been able to afford the house if it had been built as agreed. $123K for a foundation and attorney’s fees? Either that was a mansion, or the lawyers are sharks (or both).

      1. In a time of universal fraud, if you don’t hold it, you don’t own it. FBs who continue to hand over large sums for shacks that haven’t been built are setting themselves up to be screwed, in an environment where unchecked fraud and financial chicanery is rampant, builders are throwing up defect-ridden shacks, and regulators and inspectors are either complicit or criminally negligent.

  5. “There is nearly $18 trillion in home equity, and it’s one of the largest sources of savings and ownership for American families”

    Home equity is not savings…..period. And this perspective is a huge part of the problem.

    2. I have home equity. If I sell my house, put the equity (profits) in the bank as cash, and go rent an apartment, is that cash considered savings? Of course it is! Even if I’m renting now, it’s no different from being a long-term renter, except the I would have a savings account that the renter doesn’t have.

      Home equity is savings. Now, using that pile of savings to buy booze and SBUX is a different issue.

        1. Reminds me of those ubiquitous clickbait ads that say “if you have a house, don’t borrow from the bank, borrow from yourself!”

        2. Is it really that different from a 401k/brokerage account? There’s a paper value assigned to it, and depending on when you sell you may get more or less…

          Granted, a house is far less liquid than stocks (at the moment), but it seems any non-cash holding would fail this purity test?

          1. FWIW, you don’t have to borrow and pay interest when you cash out from a 401K, and if it’s a Roth account there is no tax involved either.

          1. Fidelity SPAXX paying near 5% money market.

            If that goes down that means the U.S. dollar has lost its status as a reserve currency and there are much bigger problems ahead.

            Got silver? Physical silver?

      2. ** “insurance industry leaders tried to reassure Hawaii condo and homeowners, telling them the insurance rates they’re currently seeing will go down in a few years. However, some owners we talked to said they can’t afford to wait that long.”

        every single tale of real estate woe begins the same way:
        ” HE SAID … blah blah blah …. sugar coated lies … blah blah!”
        “HE SAID” usually turns out to be unenforceable flashy BS packaged into a shyte sandwich willingly eaten by stupid people too lazy to do any research BEFORE agreeing to pay LARGE SUMS OF MONEY!

        if it’s such a great deal, put. it. in. w.r.i.t.i.n.g.

        these Hawaiian insurance azzhats just want to continue to collect the big payouts NOW, avoiding uncomfortable questions while slowly turning up the heat in the simmering Hawaiian kettle on these STUPID STUPID STUPID frogs!

        oh, never mind me: it’s all good, Brah. they’re on ISLAND TIME!!
        dumbazz land Manatees. just go jump into volcano Kamehaspamsandwich already.

        1. telling them the insurance rates they’re currently seeing will go down in a few years

          Sure they will. They pinkie swear.

      3. ‘Of course it is!”

        After spending a couple of years using this forum to promote the “safe and effective” kielbasa….still here acting like a know-it-all.

      4. Savings are something you can draw upon without any negative consequences other than your balance going down. Withdraw on home equity is only done by incurring debt. That is not savings. Yet, and I can say this through experience of 10 years of being a mortgage broker, most view their home as an ATM.

        1. Withdraw on home equity is only done by incurring debt

          She said she could withdraw the equity by selling, not borrowing.

        2. The savvy often HELOC all of the equity without any intention of ever repaying it; aka selling it to the bank. 🙂

  6. ‘Trinitas Farming developed and operated 17 separate almond ranches on 8,680 acres in Fresno, Tulare, San Joaquin, Contra Costa and Solano counties. Agriculture analysts say rising interest rates, escalating production costs and the declining prices for almonds all contributed to the downfall. The company folded before it could harvest its first crop’

    I’ve followed this long sorry story about farmland bubble for many years. It shows once again how stupid central bank money printing is. China prints money for 100 years of concrete in 3. Commodity bubble appears, spreads across the globe and one place was almonds. What they did was take land used for a less expensive crop and plant trees. Not really good land for it, but hey, these investors are paying yuuge amounts!

    China craters, so does commodities, all these newly planted almonds crater the market and those investors get their heads handed to them. The end.

    1. one upside to the almond orchard glut might be a pending glut of almond firewood for sale.
      however, that stuff burns really hot, best to clean fireplace chimneys before you burn.

    1. ** ” Wanda the ballet stuffer . . ”

      images of Chris Farley stuffed into a ballerina tutu dancing to Lunch Lady song

  10. Nolte: Only 30% Approve of Biden Student Loan Scheme, Plurality Disapprove

    JOHN NOLTE
    11 Jun 2024

    Only 30 percent of Americans approve of His Fraudulency Joe Biden transferring financial responsibility for student loans away from the person who took out the loan and onto the American taxpayer.

    A plurality of 40 percent disapprove, with 30 percent saying “neither” (13 percent) or “don’t know” (17 percent).

    There is no such thing as “forgiving” a student loan. Because the money has already been spent, someone has to pay that loan back. Biden might deliberately misuse the word “forgive,” but the truth is that the burden of repaying the loan is simply transferred to the American taxpayer.

    If the government loans me $30,000 to buy a car and I go out and spend that $30,000 on a car, the money is spent. If Hunter’s Dad says I don’t have to pay that money back, the taxpayer has just paid for my car. It’s the same thing with a student loan.

    https://www.breitbart.com/politics/2024/06/11/nolte-only-30-approve-biden-student-loan-scheme-plurality-disapprove/

  11. You are being replaced.

    Breitbart (6/11/2024):

    “Since 2019, before the Chinese coronavirus pandemic shut down the nation’s economy, about 75 percent of all U.S. job growth has gone to newly arrived migrants, both illegal aliens and legal immigrants.

    During the same period, fewer than one million Americans have been added to the workforce.

    “The government’s household survey shows that there were only 971,000 more U.S.-born Americans employed in May 2024 compared to May 2019 prior to the pandemic, while the number of employed immigrants has increased by 3.2 million”

    Jonathan Greenblatt hand rubbing intensifies…

    1. Jonathan Greenblatt hand rubbing intensifies…

      Perhaps, but it is clear that they are losing control of the golem they created. Meanwhile voter support for mass deportations soars both in Europe and North America.

    2. This sounds pretty standard. We take in a million legal immigrants each year, and they generally come here with a job waiting for them.

      1 million immigrants/year * 1 job/immigrant * 4 years works out to 4 million jobs with new immigrants. So 3.2 million isn’t that far off.

  12. Wake up! After these elections, Europe is again in danger

    Don’t let anyone tell you the results are “not so bad”. The hard-right vote can pull the entire EU to the right, and imperil Ukraine

    A Europe that just celebrated on the beaches of Normandy the 80-year-old D-day beginning of its liberation from war, nationalism, and fascism now again faces fascism, nationalism, and war.

    Please don’t be reassured by European Commission president Ursula von der Leyen’s complacent statement that “the centre is holding” during what we might call E-day – 9 June 2024, when the results of 27 different national elections to the European Parliament were announced. That’s true in the aggregate distribution of seats between the main party groups in the European Parliament, with her own centre-right European People’s Party group coming out comfortably on top. But the European Union is run by national governments even more than by its directly elected parliament, and E-day produced hard-right successes in core member states that range from the significant to the shocking.

    None of these Eurosceptic parties will be so stupid as to advocate following Britain’s Brexit by trying Frexit, Dexit, or Nexit. Instead, they will continue to pull the EU to the right from inside, with an even harder line on immigration, determined opposition to the green measures urgently needed to address the climate crisis, reduced support for Ukraine, and – nationalist as they all are – clawing back national control from Brussels. So don’t let anyone tell you it’s “not so bad”. It’s bad, and could get worse.

    Most dramatic is France. I was in Normandy for the D-day anniversary and watched President Emmanuel Macron trying to use the international commemoration event (the one British prime minister Rishi Sunak missed) to tell an inspiring story about how that liberation paved the way for today’s EU. But in the surrounding villages I saw mainly election posters for Marine Le Pen’s National Rally and heard stories of widespread support for it. Sure enough, on E-day the National Rally scored a stunning victory, winning more than 30 per cent of the vote and trouncing Macron’s liberal centrist Renaissance. In the little town of Ver-sur-Mer, where my father landed along with so many other British soldiers to begin the liberation of western Europe on 6 June 1944, the National Rally got some 33 per cent of the vote. Another significant chunk of votes in Ver-sur-Mer went to Marion Maréchal, Le Pen’s even more extreme niece, the name of whose party, Reconquête, suggests a ‘reconquest’ of Europe from allegedly alien and especially Muslim inhabitants, as openly advocated by its founder Éric Zemmour.

    Then came the bombshell. Macron, whose always extraordinary self-confidence is now visibly tipping into hubris, announced that he was dissolving the French parliament and calling fresh elections on 30 June, with a second round on 7 July. “I can only salute this decision”, replied Le Pen. This is a huge gamble, counting on the excellent French two-round electoral system for voters in most constituencies to prefer another candidate over the National Rally one in the decisive second round. But given the depth of popular anger, there’s a serious risk that – just three days after Britain gets a government of the pragmatic, very cautiously pro-European centre-left in its election on 4 July – France may get a government of the Eurosceptic hard right, binding the hands of Macron, the continent’s leading advocate of a stronger Europe. If so, this would be France’s Brexit moment, although without the resulting exit.

    Only slightly less worrying is Germany. While the centre-right Christian Democratic Union-Christian Social Union (CDU-CSU) was the clear winner, the extreme-right Alternative für Deutschland (AfD) came second, with just under 16 per cent of the vote, more than was garnered by any of the three parties in the country’s governing coalition, including chancellor Olaf Scholz’s social democrats (SPD). And the AfD is a party so extreme that even Le Pen decided she did not want to be in the same European parliamentary group with it, after Maximilian Krah, its charming lead candidate, said in an interview that not all members of the SS were criminals.

    Meanwhile, in Italy, the Fratelli d’Italia of the country’s post-neofascist prime minister Giorgia Meloni came out on top, as did the far-right Freedom Party of Austria. In the Netherlands, the Party for Freedom of the Islamophobe Geert Wilders performed only slightly less well than the centre left. Most worrying of all, many of these parties do particularly well among young voters, and especially young men. According to a survey before the election, some 36 per cent of 18–24-year-olds in France backed the National Rally.

    All of this is before we get to the most important election for Europe this year, which doesn’t happen in Europe. A victory for Donald Trump in November’s US presidential election would weaken and probably further divide Europe, as hard-right populist nationalists, quite possibly including Meloni, would line up as the European party of Trump.

    I now await with some dread the weeks of horse-trading in the EU: which party gets into bed with which other party? Who gets what top job? Fiddling in Brussels while Kharkiv and our planet burn. What we need is a combination of national governments and European institutions that between them deliver the housing young people currently cannot afford, the jobs, the life chances, the security, the green transition, the support for Ukraine. Will Europe wake up before it is too late?

    https://ecfr.eu/article/wake-up-after-these-elections-europe-is-again-in-danger/

    1. Fiddling in Brussels while Kharkiv and our planet burn.

      Under whose watch did Kharkiv start burning? Maybe now there will be a chance for peace.

  13. Chancellor Olaf Scholz is hosting the Ukraine Recovery Conference in Berlin on June 11 and doubled down on Germany’s support for Kyiv in its struggle against a Russian invasion.

    However, following the European Parliament elections at the weekend’s sharp lurch to the right, the resurgent AfD right wing populist party boycotted the conference and has vowed to bring the war in Ukraine to an end. AfD has been accused of receiving financing from Moscow and has a general pro-Russia policy.

    The leaders of the AfD repeated one of the Kremlin’s leading talking points, saying Zelenskiy is ‘illegitimate”, after his term in office officially expired on May 24, but thanks to martial law Ukraine’s constitution forbids new elections.

    “Now he is in office only as a president of war and a beggar,’ they added, stating that Ukraine now needs a president of peace who is willing to negotiate.

    “We refuse to listen to a speaker in camouflage,” said AfD national leaders Alice Weidel and Tino Chrupalla in a statement, referring to Zelenskiy’s signature military uniform attire, Politico reports. “He is now only in office as a war and begging president. But Ukraine does not need a war president now, it needs a peace president who is willing to negotiate so that the dying stops and the country has a future.”

    https://www.msn.com/en-us/news/world/german-leadership-stands-with-ukraine-but-divisions-remain-amongst-parliamentarians/ar-BB1o4biW

  14. A reader sent these in:

    What prompted the geniuses at the Fed to buy $1.7 trillion in MBS during a pandemic supply constrained housing market causing massive housing price inflation remains an unaccounted for question.
    And after that they ripped rates higher trying to fix their idiocy making housing even more unaffordable.
    And that constrained supply even further as people stayed in locked in lower rates keeping prices elevated & rent inflation high.

    They caused this with 15 years of overly easy money policies leaving an entire generation of young people priced out of the housing market.

    And now they’re whining about inflation being still too high, the very inflation they caused and are causing.

    What does it actually take for Fed officials to get fired given the immense damage they have caused? Why is society still putting up with these unelected dilettantes?

    https://x.com/NorthmanTrader/status/1800498920952373250

    Nashville inventory continues to climb, up over 21% YoY.

    Similarly, expired and cancelled listings are also on the rise.

    Cancelled listings are up 27% YoY, and expired listings have surged by 52% YoY. Compared to two years ago, cancelled listings have increased by 102% and expired listings by 417%.

    Market dynamics are continuing to shift.

    https://x.com/AustinWhittRE/status/1800566398696948172

    “The real wave of distress is just starting.” – Pimco

    https://x.com/CXCarroll/status/1800491456609837495

    This bubble will be talked about in 300 years just like tulips.

    https://x.com/IDKFA3/status/1800554542083535201

    Unemployment rising in:

    United Kingdom 🇬🇧
    Germany 🇩🇪
    New Zealand 🇳🇿
    United States 🇺🇸
    Canada 🇨🇦
    Australia 🇦🇺

    Most will ignore, I will not. BoE policy meeting 6/20.

    https://x.com/DonMiami3/status/1800526007193194779

    Roughly six in 10 Canadians with a mortgage are financially stressed.

    https://x.com/REWoman/status/1800533429152358608

    Mortgage Payments Remain Elevated

    The estimated nominal monthly mortgage payment for homebuyers is $2,246, increasing from $2,180 in June 2023.

    This represents a 82% increase over the past three years, which far outpaces the rise in household income.

    This calculation assumes a 20% down payment, a 30-year fixed mortgage term, and uses the prevailing mortgage rate of 7.03% along with the median sales price of $420,800 for existing houses sold.

    The higher estimated monthly payment was primarily driven by rising mortgage rates compared to the prior year.

    Housing affordability has been a topic of discussion over the past couple of years. With rates remaining elevated, where do you see things trending over the rest of the year?

    https://x.com/ReefInsights/status/1800502684866277510

    🇺🇸 US real retail sales -0.31% YoY.

    Retail sales flatline before a #recession!

    https://x.com/joosteninvestor/status/1800213928431194115

    This is something most people miss.

    Just because someone has a fixed rate mortgage it doesn’t mean their cost of ownership can’t increase.

    And if other costs do increase it’s identical to having an adjustable rate mortgage.

    At some point the owner has to sell.

    https://x.com/GeorgeGammon/status/1800519972621566171

    In other news, Liz Warren calls for rate cuts because rate hikes are apparently inflationary now, 😂

    https://x.com/DonMiami3/status/1800680395123683664

    The Fed’s high interest rates are upping the cost of housing and insurance — that puts a real strain on people’s pocketbooks.

    It’s time for the Fed to lower interest rates.

    https://x.com/SenWarren/status/1800277872570945779

    This is incredible:

    We have now had over 320 trading days since the S&P 500 has had a 2% down day.

    This is the longest streak since 2016-2018 when the index recorded 351 days without a 2%+ drop.

    Furthermore, the S&P 500 has posted 26 new all-time highs this year so far.

    The index is up ~12% year-to-date and nearly 30% since October 2023 low.

    The S&P 500 has added over $10 TRILLION in market cap over just 8 months.

    Is this the most resilient market in history?

    https://x.com/KobeissiLetter/status/1800604641450705355

    Was just in a meeting with the owner of one of the largest surfing retail chains in the country. He was telling me how they’re hurting, sales are down 30% so far this year…

    https://x.com/SeaKingOptions/status/1800578042915606899

    1. Roughly six in 10 Canadians with a mortgage are financially stressed.

      Is that a lot?

    2. The estimated nominal monthly mortgage payment for homebuyers is $2,246, increasing from $2,180 in June 2023.

      And that doesn’t include taxes and insurance, which in some locales can be another $1000 a month

    3. Was just in a meeting with the owner of one of the largest surfing retail chains in the country. He was telling me how they’re hurting, sales are down 30% so far this year…

      Dude, who can afford to surf in this economy? I’d have to quit one of my 4 jobs to have time to surf!

    4. his is something most people miss.

      Just because someone has a fixed rate mortgage it doesn’t mean their cost of ownership can’t increase.

      And if other costs do increase it’s identical to having an adjustable rate mortgage.

      At some point the owner has to sell.

      And it will be sold to a corporate landlord, who will self insure and perform the least amount of maintenance possible, turning the neighborhood into a slum.

  15. New Report Reveals Massive Scale of Green Billionaire Funding of ‘Climate Emergency’ Reporting in Mainstream Media

    https://wattsupwiththat.com/2024/06/12/new-report-reveals-massive-scale-of-green-billionaire-funding-of-climate-emergency-reporting-in-mainstream-media/

    A massive global grooming programme aimed at mostly mainstream media involving climate catastrophism and Net Zero promotion is detailed in a recently published report from the green billionaire-funded Internews’s Earth Journalism Network (EJN). The work is a shocking insight into the corruption of independent, investigative journalism. At one point the report observes “a concerning trend among journalists in some countries still seeking to ‘balance’ their climate change reporting”. The report shows clearly that the green billionaires are calling most of the shots in promoting stories of Net Zero-inspired climate collapse. It is noted that they may fund journalists “to cover stories in a particular subject area, determined by funder interests and goals”.

    Over the last 20 years the tax-efficient billionaire foundations have stepped into the funding gaps left by declining circulation and advertising sales across mainstream media. It is noted by the EJN that journalists “overwhelmingly agreed” that support from external funding organisations was “essential” to enabling their climate and environmental reporting. Any journalist can apply to be a member of the EJN and the “primary benefit” is said to be access to grant funding for stories and “training opportunities”. The operation claims over 25,000 members in 200 countries.

    The list of EJN funders is a long one and includes many well-known supporters of climate fear-mongering work. Included is the European Climate Foundation, heavily supported by Michael Bloomberg and Extinction Rebellion paymaster Sir Christopher Hohn. Other supporters include Tides, Gulbenkian, Oak, Packard, Climate Justice Resilience, MacArthur and Rockefeller. Helping out with taxpayer money are political and government organisations including the United Nations and the British Foreign Office.

    The EJN report is said to provide a novel, truly global benchmark of the current state of climate and environmental journalism. Unhappily this would appear to be true. As we have seen in many past issues of the Daily Sceptic, very few ‘grassroots’ green operations can survive without elite billionaire funding. The same is true of media coverage. Much of the global barrage of climate catastrophe reporting would not exist without this vital outside lifeline. It is obvious that the cash handouts have a clear political agenda, namely an elite-mandated Net Zero global collectivisation made easier by the growth of supranational organisations.

    The report makes the obvious point that climate and environmental journalists have long been criticised for lacking objectivity. However the “literature” is said to suggest that journalism as a whole “has been moving away from objectivity as a professional practice in the digital landscape”. Some researchers are said to have pointed to a need to think ‘beyond journalism’ and to formulate a broader definition.

    It might be argued that if you are being paid to be a poodle, you are already ‘beyond journalism’. As 1984 author George Orwell once wrote: “Journalism is printing what someone else does not want printed; anything else is public relations.”

    Alas, it would seem that some climate scepticism remains, despite all the best funding efforts. The scientific opinion that humans control the climate thermostat by burning hydrocarbons is disputed by some of the finest scientific minds in the world. Fudged figures, pseudoscientific weather attributions and the huge downplaying of the role of natural variations do not convince everyone. According to the EJN, this means that in many countries, media audiences are being led to believe that the causes of climate change are not clear. Certainly it might be said that the causes of climate change are unclear to believers in the scientific discovery process, such as the 2022 winner of the Nobel physics prize Dr. John Clauser. He said recently that the link between temperature and carbon dioxide was a “crock of crap”. Or the distinguished Princeton Emeritus Professor William Happer, who when asked to choose between ‘climate scam’ or ‘hoax’, said he preferred ‘scam’, but could live with ‘hoax’.

    For the billionaire-funded EJN this is “highly problematic”, since widespread public understanding of the causes and impacts of climate change “is so urgently needed to support climate action on a global scale”.

    Alas, again, the report seemed to find some disturbing evidence that some Comrades are not fully on board with the wishes of Big Climate Brother and the ‘settled’ science promoted by the Ministry of Truth. Citizens are reminded that at the time of the Great COVID-19 Pandemic, “media in many countries clearly aligned with government positions on vaccine mandates and lockdown orders – often under the uniting phrase of ‘we are all in this together’”. On the basis of this example, it is suggested that journalists should be less hesitant to advocate the climate message in the ‘public interest’.

    Given that the newsrooms of the world are full of journalists trying to hide their manic support for cloth mask wearing, implausible computer modelling, years of social distancing and school closures, untested and novel medicines, economy-destroying lockdowns and crippling public debt, there might be some concern that another science-lite campaign could eventually lead to more grovelling public accountability, laughable scorn and diminished credibility.

    1. New Report Reveals Massive Scale of Green Billionaire Funding of ‘Climate Emergency’ Reporting in Mainstream Media

      I’ve noticed a surge in such articles on my news feed. They are going for broke. But being that most households can’t make ends meet, being asked to make what would be a huge sacrifice to fend off the climate emergency is a tough sell.

      My Brit relatives live in Cornwall, which is a very windy place with lots of thise huge turbine windmills. Now we’ve been hearing some propaganda about “free surplus electricity’ in Europe due to the success of green alternatives. The thing is that my Cornish relations aren’t seeing any of this mythical windfall and are paying rates that are so high they can’t even afford to bake a cake in their oven.

      As the saying goes: we are the carbon they want to eliminate. Oh, and don’t forget to get your mRNA bird flu jab when it becomes available this fall. And get your Covid boosters too, we need to boost that excess death rate even more!

      1. “….we are the carbons they want to eliminate.”

        It very hard for people to get their head around the fact that their Governments have been infiltrated, highjacked, extorted and bribed to collude with or partner with the One World Order Entities in the implementation of a One World Order Dictorship.
        These Entities have come out in the open now and are exposing their plan to rule the world, in a partnership with World Governments.
        This is why you got a lock step governments Covid 19 global response to the manufactured Covid 19 Panademic, declared by the WHO.
        You got viable highly effected medications suppressed and vilified for the dictates of mal practice treatments in hospitals and a one solution EUA expiermental gene therapy fake vaccine, that wasn’t safe or effective, and didn’t stop transmission of Covid 19.
        It did not stop the vaccinated from getting Covid.
        My point is your Government and Health Agencies are colluding with these crimes against humanity.They aren’t taking lethal vaccines off market, but rather approving the failed technology to be put in more products.
        The US Congressional Hearings are a joke in terms of stopping all the assaults on US citizens, like killer vaccines, invasion of borders, etc., etc.

  16. A global insurrection is going on by One World Order Entities that want to implement a dictorship and slavery system for the World.
    How do they plan on creating a One World Order Dictorship?
    Basically they want to control all earthly resources, water, food, energy, money access, and dictate consumption freedoms,travel and health mandates.
    The want to implement a Bank digital banking system whereby the Banks control you access to money and dictate what you can consume .
    They want to have the corrupt WHO dictate global Health Policy and response to any Panademic , Climate Change or whatever they deem as a health response.
    They want to destroy independent business and agriculture, cut food production, and force bugs and engineered food.
    They want Monopoly Corporations to control all the resources and supply lines, Banks to control money, and Big Pharmacy/health system to mandate vaccines and medical procedures and response to declared health emergencies.
    They want to implement a zero carbon emission policy by 2050, as a response to a manufactured and fraudulent doomsday Climate Change narrative, dictated by the WHO Panademic Health Treaty.
    They want to implement censorship of any dispute to any narrative they put out and destroy the US 1st amendment. One centralized Media with no dispute to the narratives and information.
    While this insurrection by these Entities, would supersede the current governments, constitutional protections, etc. their agenda is a public/private partnership with governments to implement their agenda, which would be facism and treason by the governments that collude with this insurrection.
    Governments are being extorted that they will be cut off from loans, money etc , if they don’t comply with the agenda.
    The agenda is based on a UN 2030 Sustainable Earth Agenda, that justifies a total take over of World by these Entities, who will dictate what “sustainable earth ” is.
    If they would implement this Sustainable Earth Agenda, it would cause mass world famine, mass vaccine death, create uninhabitable desserts, world deprivation of energy, water and food supply.

    What they plan to replace the current systems with
    would not be sustainable for current populations of globe and would be a genocide program of epic scale if implemented.
    They also plan to implement AI and Robots to replace 40% of human jobs globally in the next 10 years, with no regard to unemployed people these numbers needing government assistance to survive. Klaus Schwab said, “Who controls technology controls the World.”
    John Kerry at recent WEF meeting in summary expressed that no government can stop the “market forces”.
    So the statement by Kerry implies that ” market forces” are in control of world and governments can’t stop them.
    Do you think that Banks should control your consumption? Do you think the WHO should mandate you taking a vaccine,or lock down or marshal law, or be able to prison you, or inject you against your will?
    Do you think you should have surveillance 24/7, be subjected to being hacked by them, or any technology injection or implant that connects you to their control grid, or alters your DNA ?
    Governments of the World are not stopping this insurrection by these One World Order Entities, and Joe Biden has already said that the ‘US should lead in the One World Order.”
    So, at this point the people of all Countries that are being subjected to this take over of the World, by Entities that want to take all freedoms, control all resources and consumption, enslave you, and mass genocide human populations,firstly you can’t comply with it. Second , it means that a alternative system has to be implemented by the people, whatever that would mean or entail.

  17. The Hill (6/12/2024):

    “Eight people in the U.S. with suspected ties to the Islamic State have been detained, according to reports.

    The arrests took place in New York, Philadelphia and Los Angeles and the individuals entered the country through the southern border, anonymous sources told The Associated Press.

    Their connection to the Islamic State group is not immediately clear but the individuals were being tracked by the FBI’s Joint Terrorism Task Force (JTTF). U.S. Immigration and Customs Enforcement was working with the JTTF and made the arrests and is now working to remove them from the country, per the sources.

    The individuals were from Tajikistan and passed through the U.S. government’s screening process after entering the country last spring, the AP reported.”

    Open borders is TREASON.

    2. And that’s just eight that we know of. There could be hundreds, even thousands, waiting to strike.

  18. Been setting up to paint my fence. (again………the insurance company is paying this time, no idea why, but who am I to argue?)

    Anyway, going to the local lumber outlet cuz 1. local and 2. sells good paint (Benjamin Moore) and the whole time they are mixing paint/us BS’ing/etc no one comes in. I even asked the clerk “is it slow?”

    She said very much so. (and she’s been there for years). She says it usually picks up in the summer as people do projects but not this year, like people are “waiting to see what happens before committing to a project”

    Make of that what you will.

    2. Amazing, the streets flood because a tropical system that has been predicted for over a week is moving over this portion of the state and will continue until Friday and Hector Velenzuala the hard to listen to News Man and the idiots driving through standing water are somehow surprised that the flooding won’t subside until the heavy rain stops.

      1. Once that limestone is saturated there is nowhere for the water to go, so it sloshes. The alligators are having a field day!

  20. Do you worry about a black swan landing a massive guano dump on your risk asset portfolio?

    1. ‘Black Swan’ investor sees the S&P 500 jumping another 12% — followed by the worst crash since 1929
      Theron Mohamed
      Jun 12, 2024, 2:45 AM PDT
      Recession outlook
      Yuichiro Chino/Getty Images

      – The boss of a “Black Swan” fund expects the S&P 500 to jump another 12% to a record 6,000 points.

      – But Universa Investments’ Mark Spitznagel expects the worst market crash in a century to follow.

      – Spitznagel told BI that investor euphoria will peak then asset bubbles will burst painfully.
      …
      https://markets.businessinsider.com/news/stocks/black-swan-spx-stock-market-bubble-crash-spitznagel-universa-taleb-2024-6

    2. Mega-cap stocks are overvalued and risk a big correction, according to a CIO. Here’s why that presents a ‘monstrous’ buying opportunity.
      Jennifer Sor
      Jun 11, 2024, 10:34 AM PDT
      trader worried
      Don Emmert /AFP/GettyImages

      – The stock market’s leaders are overvalued and could suffer a big correction, RBA’s Richard Bernstein said.

      – Losses could rival the dot-com crash, when popular stocks lost as much as 50% of their valule, he predicted.

      – But the event could be a great investment opportunity as gains are distributed to the rest of the market.
      …

  21. I just got this email:

    OFFERED AT $3,395,000
    634 N. Kingsley Dr
    LOS ANGELES, CA 90004

    Introducing the opportunity to purchase 634 North Kingsley Drive, a value-add and professionally managed 16-unit multifamily asset located in the heart of Mid-Wilshire. Built in 1954, the property consists of 16 one-bedroom/one-bathroom units that contain features such as laminate flooring, granite counters, window/wall-mounted HVAC, and kitchen appliances. Current rents are approximately 42% under market with 1 vacant unit providing a new investor the opportunity to renovate units in order to maximize rental income. The property features parking for 13 vehicles and includes an on-site laundry facility. Units are individually metered for both gas and electric with water heaters in each unit. No soft story retrofit needed. The building boasts a “Walk Score” of 90 as it is located near many shops, restaurants and retail along both Melrose Ave and Beverly Blvd. The property is conveniently located and only a short drive away from neighborhoods such as Hollywood, Downtown, West Hollywood, and Beverly Hills. It is also located close to the Metro B Line (Red) at Vermont/Beverly Station stop.

    The link they sent:

    https://weahomes.com/properties/property/?id=1135

    1. Current rents are approximately 42% under market

      That sounds kind of sticky. Screams “needs work”.

      The current empty unit could be rented for $1,895. Newly renovated. 700 sqft. Most of the rented units are way below that. With interest (>7%), taxes, maintenance and needed reno, I don’t see a profit. Maybe it’s just my pencil. The place is already over 70 years old.

      16 units, 13 parking spaces!

        1. Yeah – that’s nowhere near Mid-Wilshire. That’s “Melrose Hill” which I guess is becoming the new up-and-coming neighborhood but still is a dump.

  22. ‘We have had on perspective buyer,’ Weston said. ‘It kind of took the wind out of our sails a bit because of how everything historically had been moving in Tampa, especially Westchase. We were counting in days and weeks and now the days and weeks turns to weeks and months.. it’s like is there an end to this?’

    You make an important point Chris. You read and hear about the never ending red hotcakes in say, Tampa. But stories like yers call into question the statistics. We learned in statistics class that all statistics are misleading. IMO with the median and average for housing, direction is most misleading when markets take turns. People are still gambling when they have run off the cliff.

  23. ‘The company said it built the foundation of Calixte’s home but were never paid by Port St. Lucie Properties. Now it’s filed to take possession of the house if the Calixte family doesn’t pay $123,000 for the work, and subsequent attorney fees. When I dug into court records last year, I found a 100 homes built by Port St. Lucie Properties had a total of $3.76 million worth of liens attached…Calixte fears an expensive court battle will add to her debt. ‘I’m very worried,’ said Calixte. ‘Having a house is a great American dream. And I feel like it’s being taken away from me right now’

    I know yer emotional right now Dorothy. Someday, maybe not tomorrow or the next, but you’ll see you are a winnah!

  24. ‘Just riding out the wave, that might work in the medium, long term, but right now people are hurting…I’ve had to cut down my personal spending. I’ve had to economize. I’ve had to pick up more shifts at my job and work more overtime’

    Do what you must Jacob, but don’t give it away!

  25. ‘I have to go back to Baltimore and put all my things in storage,’ he told Morgan as he admitted, ‘I’m not quite sure where I’m going to live now…I can’t pay the bills that I owe’

    Well you better get some boxes Kevin!

    1. The highly talented Kevin Spacey has earned a boatload of money during his amazing career. Surely he has an offshore bank account somewhere that he can disappear to and live large.

  26. ‘The home successfully sold for $1.45 million in February 2022, at a time when many prospective buyers flooded the city’s real estate market to take advantage of cheaper borrowing rates. In March 2024, the home was listed for sale at $1.299 million. After sitting on the market for roughly three months, it was sold for $1.05 million — approximately $400,000 less than it was originally sold for just two years prior’

    Another mighty a$$ pounding, bravo!

  27. ‘The price of a five-plus bedroom home in Auckland City was in freefall – down 9.9 percent from a year ago. That wasn’t surprising given ‘they’re among the most expensive properties in the country’

    Right oh Casey, expensive shacks are the most speculative and take the biggest a$$ pounding, well done!

  28. ‘Landlord are up in arms over proposed changes to rental rules, with some even claiming the move could spark a ‘mass exodus’ of investors…‘Renters will soon have better homes than some owner properties!’

    Sacré bleu!

  29. How Much Worse Can The Condo Market Get? (GTA Condo Real Estate Market Update)
    Team Sessa Real Estate

    47 minutes ago

    In this episode we take a look at the current GTA Condo Markets – Toronto, York Region & Peel Region for week ending June 5, 2024. We also discuss what we see when we take buyers out to look at condo’s and how different it is to other segments of the market.

    https://www.youtube.com/watch?v=-C7RI27aMjA

    13:25.

    2. Don’t the Canadians build detached properties with a mother in law unit that the son could occupy?

  31. Is the US housing market situation shaping up more as a slight correction to prices, or a housing market doomsday nobody has previously experienced in their lifetime?

    1. Fox Business
      Media
      Published June 12, 2024 8:49am EDT
      Real estate expert defines housing market doomsday: Something we ‘haven’t seen in our lifetime’
      US real estate to see ‘slight correction’ of home prices, says Kirsten Jordan
      By Kristen Altus FOXBusiness
      2024 housing market is ‘something we haven’t seen in our lifetime’: Kirsten Jordan

      Real estate agent Kirsten Jordan breaks down struggles facing home buyers and shares her predictions for the housing market on ‘Cavuto: Coast to Coast.’

      Former Bravo star and “Million Dollar Listing” agent Kirsten Jordan — and high-grossing brokers just like her — are wrestling with a pessimistic market that’s allegedly never been seen before.

      “This is something we actually haven’t seen in our lifetime that we can remember. If you think about the last time that we spent a decade with rates that were sub-5%, that was actually the 1950s,” Jordan said Tuesday on “Cavuto: Coast to Coast” in response to host Neil Cavuto asking how she would define a “housing doomsday.”

      “They’re probably going to be there a little bit longer than we think,” she continued, “and we’re just going to have to metabolize them.”
      …
      https://www.foxbusiness.com/media/real-estate-expert-defines-housing-market-doomsday-something-we-havent-seen-our-lifetime

      1. “This is something we actually haven’t seen in our lifetime that we can remember.”

        Every relitter has amnesia about the 2007-2012 CR8R event.

        I don’t.

    1. All part of the plan.

      Human fertility is collapsing across the globe. Not an accident.

    2. Dr. Mike Yeadon, a former vice president at Pfizer

      That name should be familiar to longtime HBBers.

  33. Tucker Carlson
    @TuckerCarlson

    If you’re wondering whether you’re living in tyranny, ask yourself how many of his political opponents Joe Biden is sending to prison. Steve Bannon is the latest.

    (2:14) Why is Congress going after Steve Bannon?
    (7:28) Biden Regime Wants Complete Power
    (16:03) The Future of War Room
    (21:24) How Will You Spend Your Time in Prison?

    Jun 11, 2024

    https://x.com/TuckerCarlson/status/1800649304236859620

  34. So is the Fed finally at the point where they are ready to start cutting interest rates?

  35. This may be an outlier, but isn’t the reason everybody wanted to move to Florida, was to escape the “woke” culture? Now we read in the news about Tampa going totally “woke”, where the police with rainbow pride flags on their cars are searching for somebody who left skid marks on a pride flag painted on the street, instead of going after the real criminals and not caring at all if the American flag is desecrated.

    Why move to Florida…the alligators, huge spiders, mosquitoes, insects, some carrying deadly disease, the predators, wild cats, bears, huge anaconda pythons (there was a news story about a woman swallowed whole by a snake, the gators are faster than greased lightning and will snatch dogs, babies, little old ladies, anybody who dares just a little too close to the water’s edge…but you will go to prison for years for harming a gator.

    The heat and humidity, the hurricanes (can you imagine the flooded streets full of gators and snakes), sink holes, the crime…but the Tampa police are pulling out all stops to get the guy who left skid marks on a pride flag!!! Screw Florida.

  36. This may be an outlier, but isn’t the reason everybody wanted to move to Florida, was to escape the “woke” culture? Now we read in the news about Tampa going totally “woke”, where the police with rainbow pride flags on their cars are searching for somebody who left skid marks on a pride flag painted on the street, instead of going after the real criminals and not caring at all if the American flag is desecrated.

    Why move to Florida…the alligators, huge spiders, mosquitoes, insects, some carrying deadly disease, the predators, wild cats, bears, huge anaconda pythons (there was a news story about a woman swallowed whole by a snake, the gators are faster than greased lightning and will snatch dogs, babies, little old ladies, anybody who dares just a little too close to the water’s edge…but you will go to prison for years for harming a gator.

    The heat and humidity, the hurricanes (can you imagine the flooded streets full of gators and snakes), sink holes, the crime…but the Tampa police are pulling out all stops to get the guy who left skid marks on a pride flag!!!

    1. By all means, please do not move to Florida! It is a baaad place.
      We have enough people already.

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