The Fantastical Pricing Of A Few Years Ago Will Not Work In This Market
A report from the Daily Mail on California. “Wendy Fry, a reporter with Mercury News, said Tuesday was the quintessential beach day in San Diego, where the affluent towns of La Jolla and Del Mar are located. While the beaches were packed, Fry said the coastline was eerily deserted. The culprit? Over 100 billion gallons of raw sewage from Mexico’s Tijuana River, dumped into the Pacific Ocean over the past five years. This untreated sewage has become a recurring nightmare for Imperial Beach, a small coastal town of about 26,000 residents. ‘(The smell) wakes you up in the night. That’s how strong it is,’ said Cara Knapp, who lives on the oceanfront Seacoast Drive with the beach as her backyard. ‘They call us ‘the stinkiest beach.’ Who wants to buy a home – a million dollars and up – and be considered ‘the stinkiest beach in the United States?'”
San Jose Spotlight in California. “For May, housing inventory is up 8% year over year, according to Dave Walsh, vice president at Compass. ‘Buyers have been waiting for their opportunity to have multiple choices on available properties. This is their time,’ he said. Not surprisingly, the number of sales also rose to nearly 7.5%. What’s a little surprising is the sheer number of price reductions in May, 52%. Walsh explains this is unusual for the heart of the spring selling season. ‘Many sellers are expressing a willingness to work with buyers to get a deal done now, whereas, for the previous five months of the spring selling season, they had not been as willing to negotiate,’ he said.”
“Mary Ann Brown D’Antonio with Sereno Real Estate had a referral for a Veterans Affairs buyer in April with a max price of $1.3 million, but was concerned she wouldn’t be able to find them a single-family home in Santa Clara County. ‘At that time, the market was showing signs that it might be slightly shifting, and more inventory was starting to come on,’ she said. ‘On June 15, I was able to get my client into a contract on a single-family home in Morgan Hill, $50,000 under list price with contingencies. This is a deal that I don’t think would have existed a few months ago.'”
Hawaii Public Radio. “Maui has the highest activity for listed short-term rentals in the state. The industry brings jobs and tax revenue — but also contributes to the housing crisis. Maui Mayor Richard Bissen has proposed an ordinance that would phase out about half of Maui’s nearly 14,000 vacation rental units in apartment-zoned districts built before 1989, also known as the Minatoya List. Andrew Church, said all his family’s income comes from management and rentals of Minatoya List properties. ‘The passage of the county’s proposed legislation to ban short-term rentals will be financially catastrophic and a final blow for my family,’ he said. ‘This proposed ban will bankrupt my family. Since May 3, when the mayor gave his press conference, we have not had a chance to sleep.'”
Queen City News in North Carolina. “The only thing I could hear on Furnace Road Extension this April morning was the wind whipping the house wrap outside of Lisandra Flores’ unfinished home. The opening where the two-car garage door was supposed to go was a gaping opening, showing off the framing job inside. There wasn’t a single piece of drywall screwed to any of the wall studs. After $189,000 in bank draws from their construction-to-perm loan, Flores said the work stopped. The loan became a permanent mortgage after the construction completion deadline passed. Although the house was never finished, the Flores family’s made mortgage payments on the $189,000 loan for the past three years. A home they can’t live in.”
“‘Nothing had been done,’ Labelle told Queen City News Chief Investigative Reporter Jody Barr. ‘Kept driving to the lot on the weekends, nothing’s going on. Nothing’s happening. I’m finding this strange and I’m driving out there and I’m never seeing any type of work being done on any of the houses. And that was a red flag. Why am I not? I see all these half-built houses, why do I never see tradesmen?'”
Detroit Free Press in Michigan. “Randee Noggle has one wish — for her family to be able to stay in their home. On Thursday, a federal judge ordered that to be the case — for now — for the Noggle family, of Taylor, and several other metro Detroiters who filed a civil lawsuit against a New York company, alleging it lured them into deceptive sale and leaseback transactions of their homes. The seven plaintiffs allege they ‘rent’ their homes from the company with monthly payments they can’t afford. They’ve fallen behind on their rent and face risk of eviction, according to filings this week in U.S. District Court in Detroit.”
“The plaintiffs owned their homes outright, per court filings, but faced financial distress that caused them to borrow cash in a loan secured by home equity. They found EasyKnock online and a “Sell & Stay” option that their attorneys allege is ‘an inflexible debt trap that stripped Plaintiffs of the equity in their homes, exposed them to high-interest rates disguised as fees and ‘rent,’ and unlawfully circumvented federal requirements to evaluate a consumer’s capacity to repay a loan before securing a transaction with their home’s equity.’ ‘This is just ridiculous. I mean what we pay a month (in rent) is what I get in disability,’ said Randee Noggle, 33, who, with her husband, 46, a restaurant cook, has a 6-year-old son with special needs. ‘I just wanna be able to stay in my home because that was the whole reason behind this was to stay in my home. And even with agreeing with EasyKnock, it was to regain my home back by these payments, not for payments to keep going up and up and then each year the prices to buy back goes higher.'”
NBC 2 in Florida. “A group of condo owners say their condo association is forcing them to live in unhealthy conditions after Hurricane Ian destroyed their homes. The conditions are so bad many of the residents can’t live in their homes. Seven residents who live on the third floor of the Berkshire Condos, just off of Barkeley Lane in Fort Myers, say they’ve been forced to live in horrendous conditions Ian struck. Cynthia Ruke had just installed a new carpet and had the walls of her condo painted just before Ian struck, and she was ready to move in. Then Ian ripped the roof of the condo off. Her condo and six others on the third floor were gutted. ‘They’re living in open rafters and cement floors,’ Ruke said.”
“Other residents on the third floor also have gutted condos, and while most can’t live in them, Charles Silas has no choice. He walks on cement floors and runs his air conditioning despite the fact that he has no ceiling or insulation above him. ‘It is like camping. That’s a good analysis. I just like roughing it,’ Silas said. He points out, though, that camping trips only last the weekend. ‘Well, it looks like I’m in for the long haul,’ he said.”
My Northwest in Washington. “Despite protestations by progressives that conservatives are overstating the despair of downtown Seattle, the neighborhood is dying, but on life support. Walk downtown and you’ll see a neighborhood that is quickly returning to the hellscape it became during COVID-19. Too bad neither the media, nor the people in charge, seem willing to admit the truth about what’s happening as the downtown Seattle real estate market collapses. Last week, reports in The Seattle Times painted grim pictures of the commercial and residential real estate market in downtown Seattle. One article pointed to astonishingly low price tags for previously pricey commercial buildings, including the near-empty Pacific Place Mall and the Downtown Hilton. A second article noted the price of homes downtown is trending lower than the costs citywide.”
“Commercial real estate is selling at deep discounts because the spaces are empty. Whether it’s a mall that has few operating stores, boarded-up restaurants and clothing stores or empty hotel rooms, if you don’t have foot traffic and visitors, the land loses its value. Why are these spaces empty? It’s not safe to shop in the area with homeless criminals, it’s not appetizing to eat a meal next to a passed-out fentanyl addict who soiled himself and no one wants to visit a downtown core that’s become such a blight.”
The Arizona Republic. “Metro Phoenix’s median home price was flat in May and is expected to dip in June. The median home price was $450,000 in May, the same as it was in April, according to the Arizona Regional Multiple Listing Service. The Phoenix-area median is expected to inch down to $445,000 in June. ‘Sellers are nervous, and buyers are unenthusiastic,’ said Mike Orr, founder of The Cromford Report, about the housing market. Metro Phoenix home sales reached 7,386 in May, up from 6,859 in June. Total listings climbed by about 1,000 last month to 17,897. ‘Our housing market is transitioning from our peak season to our offseason,’ said housing analyst Tom Ruff with The Information Market, a division of ARMLS. ‘It’s beginning to look like we’ll be in this rut for a while.'”
“What could also spur some buyers is more sellers offering concessions. During June, 55% of Phoenix-area home sales sold with seller concessions, said Tina Tamboer, senior analyst with Cromford. That’s up from 49% a year ago. The median incentive is $9,400, up $1,200 from a year ago, according to Cromford.”
Colorado Springs Gazette. “Many people have asked me about the plethora of new apartments in our region and if we’ve overbuilt. Most people have heard about the national and regional housing shortage, but they still wonder if we’ve overbuilt apartments and whether vacancy rates are going up. The answer is nuanced. It is true that our region has a shortage of roughly 8,500 housing units, which includes both multifamily apartments and single-family homes. It is also true that we had an absolute boom in multifamily construction during the pandemic. A high number of permits were pulled, initiating an unprecedented number of new apartment projects. Most projects take a minimum of two to three years to complete, so we are now facing an absorption problem with many of those apartment buildings finished, creating a glut of new product.”
Mansion Global. “This month the Bank of Canada cut interest rates for the first time in four years―fueling some optimism among both home buyers and sellers and stoking the sluggish market in Toronto. But sellers who hope to cash in on an energized buyer pool will face a very different market than the 2021-22 boom, when ultra-low rates turbocharged sales. At the time, nine in 10 homes received multiple offers ‘because buyers were desperate’ and feared prices would keep soaring, according to Canadian property site MoveSmartly. Now, sellers must market homes much more strategically to win over choosier prospects.”
“‘There is a big pool of buyers ready to get back into the market,’ said Don Kottick, CEO of Sotheby’s International Realty Canada. ‘But they’re more discerning now, taking time to find properties with all of the amenities they require and not overpaying.’ Buyers are not feeling the pressure of missing out as they did two years ago, said Paul Johnston of Paul Johnston Unique Homes/Right At Home Realty in Toronto. ‘The fantastical pricing of a few years ago will not work in this market. People are analyzing what they’re looking at. For sellers, that means a key differentiator is the sophistication of their marketing.'”
CTV News in Canada. “Investors who collectively lost millions in a real estate scheme will soon be getting a small portion of their money back, according to the B.C. Securities Commission. The provincial financial markets regulator said in a news release Thursday that $2.1 million recovered from Siu Mui ‘Debbie’ Wong and Siu Kon ‘Bonnie’ Soo would be distributed to 92 investors who lost money in the sisters’ fraud. According to court-appointed receiver MNP Ltd., victims of the fraud claim to have lost a combined total of roughly $33 million. Wong and Soo were permanently banned from the financial markets and ordered to pay a total of $22 million in penalties after a BCSC panel ruled on their case in 2016. The penalties against the sisters stem from the acquisition of various tracts of land for development in Alberta, and the sale of shares in those development projects to investors.”
“The BCSC panel found that Wong and Soo committed fraud by misappropriating $1.2 million of investors’ funds, transferring shares to their husbands and adult children without receiving payment in return, ‘inflating the purchase price of a property and lying about it to investors’ and ‘using mortgage proceeds for purposes other than developing the property.’ The BCSC obtained a freeze order for some of Wong and Soo’s assets during its investigation, and it was the sale of those assets by MNP that generated the bulk of the $2.1 million that will now be returned to investors, the regulator said.”
ABC News in Australia. “Concerns over defect-ridden buildings have prompted the New South Wales Building Commission to expand its presence beyond Sydney, starting with a permanent office in the Illawarra. Assistant Building Commissioner Matt Press said it was important the Illawarra was selected as the first regional office. ‘Unfortunately, the reality is we have seen some shocking projects here,’ Mr Press said. ‘Projects on Young Street and Crownview, they have really put a stain on industry and really hurt its pride.’ For three years, the 149-unit Crownview complex has remained unoccupied, with Building Commissioner David Chandler identifying serious structural defects. Recently the Commission has had success in securing the return of deposits for people who bought off the plan.”
“Wollongong’s Lord Mayor, Gordon Bradbery, said the increasing number of building faults is directly linked to the growth of private certifiers. ‘We wouldn’t be in this situation if the private certifiers had been more strictly regulated and we had more control over building development,’ Cr Bradbery said.”
From The Sun. “Lapping up the Magaluf sunshine, holiday-maker Zoe Kemp dismissed the anti-tourism demonstrations which are sweeping the Costas as ‘completely hypocritical.’ ‘They rely on tourists to survive. If you look around, everything is based on tourists,’ she told The Sun. ‘Places like Magaluf are advertised as cheap drinking holidays. We help the economy.’ The resort lies on the west coast of Majorca, in Spain, which receives around 40 per cent of its income from tourism. Yet in May 15,000 people stormed through the island’s capital Palma jeering at visitors as they sat down for meals. Stickers have been plastered around the island, reading: ‘More tourists? No thanks,’ ‘Stop Tourism’ and ‘Tourist go home — you are not welcome here.'”
“The wider anti-tourism demos, from the Spanish mainland to the Balearic and Canary Islands, threaten a summer of chaos for British holidaymakers. Alícia Aguiló, spokeswoman for SOS Residents, an activist group co-ordinating rallies in Majorca, told The Sun the movement is spreading rapidly across Spain. She said: ‘They started in the Canaries. Now I see that in Ibiza they are beginning to mobilise. ‘This is just the beginning. We will continue until politicians are willing to make changes. Majorca is being colonised by foreigners and greedy developers have turned the islands into a theme park for tourists. Our children have no chance of becoming independent, because rental prices are far above their means, even if they have an average salary. We are becoming poor workers without services. We can’t allow the greed of some to condemn our children to emigrate to have a decent life. The roads, beaches, bars and hospitals are saturated.'”
“Palma resident José Mercader, 52, was compelled to support the protests – despite relying on the tourism industry in his job as an airport baggage handler. He said: ‘I think the protests will get bigger and spread across Spain. There are problems elsewhere that are even bigger than here. It’s impossible to buy a house and to rent is really expensive. My mother has just one Majorcan neighbour, everyone else is from other countries. Before the tourists, everyone on the island had a house and land. Maybe the work was harder but Majorcans had all the basics. Life without tourists would not be hell.’ José said locals are also tired of ‘rude’ Brits, adding: ‘They say good manners are born in the UK but it’s like they forgot it. People come here with their noses in the air.'”
“Property prices in Majorca have more than doubled in ten years. On Thursday, estate agent Adela Kovacs showed clients around a three-bedroom flat in central Palma which is valued at €4.9 million ($A7.9 million). She said the agency has had interest from England, Germany, Sweden and Russia but not Majorca, as ‘we could never in our life afford to buy anything like this.’ Welsh-born Rhiannon Lewis, 41, who emigrated to the island five years ago with partner George Rees, 40, said: ‘There are families that have lived here for generations and they can’t get on the property ladder. It’s not fair. I think they will keep protesting until the government does something. If people can’t keep a roof over their heads, they’re not just going to give up.'”
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‘‘Nothing had been done,’ Labelle told Queen City News Chief Investigative Reporter Jody Barr. ‘Kept driving to the lot on the weekends, nothing’s going on. Nothing’s happening. I’m finding this strange and I’m driving out there and I’m never seeing any type of work being done on any of the houses. And that was a red flag. Why am I not? I see all these half-built houses, why do I never see tradesmen?’
You got schlonged Lisandra. This article is worth reading in full. 22 unfinished shacks- are we there yet?
I see all these half-built houses, why do I never see tradesmen?’
Maybe those “tradesmen” are visiting their families back in Guatemala.
The tradesmen likely got schlonged too.
You will own nothing.
“it’s not appetizing to eat a meal next to a passed-out fentanyl addict who soiled himself”
At least there’s no more mean tweets now.
“it’s not appetizing to eat a meal next to a passed-out fentanyl addict who soiled himself”
Just imaging that scenario when out with someone is so disgusting.
A scene that can be found in every malgoverned Democrat sh!thole.
Looks like The Cabal made the Biden Crime Family an offer they couldn’t refuse.
https://www.dailymail.co.uk/news/article-13584439/Biden-campaign-decision-camp-david-drop-election.html
“For May, housing inventory is up 8% year over year, according to Dave Walsh, vice president at Compass. ‘Buyers have been waiting for their opportunity to have multiple choices on available properties. This is their time,’ he said.
I don’t think so, Dave. The real implosion of Housing Bubble 2.0 hasn’t even begun yet. Have fun storming the castle, knife catchers.
Andrew Church, said all his family’s income comes from management and rentals of Minatoya List properties. ‘The passage of the county’s proposed legislation to ban short-term rentals will be financially catastrophic and a final blow for my family,’ he said.
Die, speculator scum.
Andrew Church, said all his family’s income comes from management and rentals of Minatoya List properties.
Guess he better start looking for a job.
They found EasyKnock online and a “Sell & Stay” option that their attorneys allege is ‘an inflexible debt trap that stripped Plaintiffs of the equity in their homes, exposed them to high-interest rates disguised as fees and ‘rent,’ and unlawfully circumvented federal requirements to evaluate a consumer’s capacity to repay a loan before securing a transaction with their home’s equity.’
Surely Fauxahontus will descend in all her fury on these predatory lenders who prey on the stupid while disregarding “federal requirements,” just as soon as she’s done bloviating for the cameras and cashing her campaign checks from said predatory lenders.
“Many people have asked me about the plethora of new apartments in our region and if we’ve overbuilt.
The Colorado Springs Gazette is a mouthpiece for the developers and REIC dissemblers who run everything in this town. Most of the new apartments are shoddily built, with residents finding major defects from the day they move in. The vacancy rate keeps climbing, because median salaries in this town simply do not support the exorbitant rents these new complexes are demanding.
Well, see the answer is “nuanced” just like they said.
Nuanced as in:
“broken arrow, I say again broken arrow”
“well there’s no hiding it now”
Yellen the Felon, who raked in $7 million in “speaking fees” from the Wall Street banks bailed out by taxpayers, goes grocery shopping to show she’s just one of the plain folks like you & me.
https://nypost.com/2024/06/29/us-news/janet-yellen-grocery-shops-after-tone-deaf-remarks-about-soaring-prices/
Are you dumping your overvalued HODLings before the inevitable losses happen?
News and Insight for the Digital Economy
Financeflux | On June 29, 2024
US Banks Dumping Exposure To $2,500,000,000,000 Market Before ‘Inevitable Losses’ Hammer Balance Sheets: Report
By Daily Hodl Staff
Some of the biggest banks in America are quietly selling their exposure to a troubled sector of the US economy, according to a new report.
The banks are beginning to dump commercial real estate loans in a push to “cut their losses,” reports the New York Times.
The Times points to Goldman Sachs and Citigroup, which recently sold portions of a troubled $1.7 billion loan backed by office buildings in New York, San Francisco, and Boston, as primary examples.
Capital One has also offloaded a $1 billion portfolio that included a large number of office loans in New York.
Although the value of the loans being sold by the lenders is small compared to the $2.5 trillion in commercial real estate loans owned by all US banks, the apparent change in tone is remarkable.
“…These steps indicate a grudging acceptance by some lenders that the banking industry’s strategy of ‘extend and pretend’ is running out of steam, and that many property owners – especially owners of office buildings – are going to default on mortgages.
…
https://dailyhodl.com/2024/06/29/us-banks-dumping-exposure-to-2500000000000-market-before-inevitable-losses-hammer-balance-sheets-report/
Who’s buying all this toxic paper? The Fed?
Divest myself of my holdings- OH HECK NO !!! Rentals have been paid off for over 15 years, and ALL residents have been in a long term lease
( below fair market value ) and not looking for more ( at least not yet-just waiting for housingbubble pop 2-0 ) . Family and friends call me Scrouge McDuck-rolling around in a basement of gold coins. I aim to impress only
3 people-my wife, my tax preparer, and my banker!
I’m curious what you consider a long term lease?
“Pride goeth before destruction, and an haughty spirit before a fall.” —Proverbs 16:18
“Commercial real estate is selling at deep discounts because the spaces are empty. Whether it’s a mall that has few operating stores, boarded-up restaurants and clothing stores or empty hotel rooms, if you don’t have foot traffic and visitors, the land loses its value.
What value do these empty building have when they are boarded up and in crime/drug ridden areas? Would you take one if one was given to you? You would have to pay taxes and insurance on them and have the additional risk of being sued if some one breaks in and gets hurt. I wouldn’t take it. Some of these buildings are Gonna have negative value.
I’ve done a lot of tenant finish work in commercial buildings.
In central Denver, almost all buildings require a code or keycard to access the restrooms. But vagrants can still get into the building during office hours. If they can find a vacant suite, they’ll move in and squat, even without bathroom access. So they’ll drop a deuce in the suite as needed, and squat as long as they can without getting caught.
Then some underpaid woman named Lupe gets to clean it all up 💩
that’s just flat nasty
I am already missing civilization.
So they’ll drop a deuce in the suite as needed, and squat as long as they can without getting caught.
I guess for some people a chamberpot it too much to ask.
“he knew nothing would happen to him and President Biden would let him go.”
Ali Bradley
@AliBradleyTV
#BREAKING UPDATE: @SheriffThad says Border Patrol verified that the subject is a member of the MS-13 street gang, aggregated felon and had an extensive criminal history.
The sheriff says, “Additionally, during interviews, the subject said he wasn’t worried because he knew nothing would happen to him and President Biden would let him go. He is being charged for 8 USC 1326, reentry after deportation.”
5:27 PM · Jun 28, 2024
·
https://x.com/AliBradleyTV/status/1806801628109885647
In public, Immigration Minister Marc Miller, a long-time friend of Mr. Trudeau, said the PM should stay, and that Liberals should get back to work. Some ministers offered thin endorsements, such as Industry Minister François-Phillipe Champagne’s assertion that “the leader is the leader.”
Let’s play that back. When asked about the Prime Minister’s leadership, a Liberal cabinet minister told the country: It is what it is.
The common line from cabinet ministers is that people are mad now and that the government must focus now on things that will help them.
“And then some months from now, we will be able to have a different conversation with Canadians,” Environment Minister Steven Guilbeault said Wednesday.
But the shock of the by-election loss convinced some that Canadians don’t want to hear from Mr. Trudeau any more.
https://www.theglobeandmail.com/politics/opinion/article-the-trudeau-switch-has-been-flicked-for-liberals/
They can’t undo their clusterf##k fast enough, not to mention they will still refuse ro do what is needed. What is Trudeau going to do, mail everyone a $5000CDN check?
But not everybody is convinced Trudeau should continue as Liberal Leader.
Prime Minister Justin Trudeau’s former environment minister Catherine McKenna says it’s time for the party to find a new leader after the Liberals suffered a stunning defeat this week in a former Toronto stronghold.
“The Liberal party isn’t about one person. It’s about the values it stands for and it’s about improving the lives of Canadians,” McKenna said in a statement to Global News Friday.
https://www.msn.com/en-ca/news/politics/from-liberals-losing-key-riding-to-biden-trump-debate-this-week-s-top-stories/ar-BB1p6Tbe
Catherine McKenna is a paragon of virtue.
Many of Canada’s major urban centres are now groaning under the demands being placed on them. One way of reading this week’s shock byelection result in downtown Toronto is as a response to the Trudeau government’s somewhat intermittent concern with Canada’s Jewish citizens, many of whom live in Toronto-St. Paul’s. Another way to read it, however, is as an urban revolt against liberal drug policies, expensive housing and high immigration.
To say these arrivals and the diminution of separatism have been a boon to Canada is an understatement. But it’s not a one-way ratchet toward progress. Things can still become unstuck. Growing by more than a million people in a year, as Canada did in 2023 — with 96 per cent of that coming from immigration — presents challenges. There needs to be a different plan because we’re not the same country our immigration system was modelled on.
As a result, the public’s support for immigration is falling. I can think of no bigger failure for a Canadian government than to lose the cross-party consensus on immigration. To preserve it, we’re going to need frank and respectful conversations, which is a big request in the age of polarizing social media.
https://www.msn.com/en-ca/news/canada/opinion-as-canada-ages-it-risks-losing-the-postwar-consensus-on-immigration/ar-BB1p7fXG
Growing by more than a million people in a year, as Canada did in 2023 — with 96 per cent of that coming from immigration
He was, and still is, dead serious about replacing heritage Canucks with third worlders.
“Munoz told authorities she thought the men were speaking with “Venezuelan accents.”
What is a Venezuelan accent?
Like a Spanish southern drawl?
WATCH: Gang of Armed Hispanic Thieves Raid Colorado Jewelry Shop
by Dan Lyman
June 29th 2024
Authorities believe eight male suspects in theirs 20s carried out the brazen robbery at Joyeria el Ruby, ultimately swiping around $2.5 million worth of jewelry in a matter of minutes, 9News reports.
Surveillance footage has been released by the owners.
Myrna Munoz said a lone man first walked into her family-run shop and shortly after, three more men wearing sunglasses entered the security cage at the entrance.
“They all pulled guns, the individual here pulled a gun then the other three did as well,” Munoz explained.
Four more suspects charged into the store and began piling jewelry into bags while customers were held at gunpoint.
Munoz can be seen fleeing through a back door, grabbing her 18-month-old son and pushing her daughter outside as her cousin and mother barricaded a connecting door.
Two suspects eventually broke through and began pistol-whipping the women and threatening to kill them if they tried to hit the panic button.
Munoz’s sister was also beaten and robbed.
https://www.infowars.com/posts/watch-gang-of-armed-hispanic-thieves-raid-colorado-jewelry-shop/
I am shocked that the local news websites reported they had Venezuelan accents.
Doctors and astronauts, EVERY SINGLE ONE OF THEM is all I’ve read for the past year and a half since the invasion of Denver began.
Expect to see more of this. A lot more of this. Between now and January 21, 2025 it’s going to be a free for all of murder and r@pe and robbery.
How many more young women need to die before the Southern Poverty Law Center and Anti Defamation League are satisfied?
It’s a Jonathan Greenblatt kind of thing, you cattle tax slaves wouldn’t understand…
How much longer before these jewelry stores are by appointment only with locked doors during business hours. Look at the value of stolen jewels in one small backpack. What other commodity could you fill a backpack with such a ROI.
What is a Venezuelan accent?
Like a Spanish southern drawl?
Heck, there are several distinct accents in Mexico alone, depending on where you go. And, get a load of this, Argentinians speak Spanish with an Italian accent.
There was only one panic button in the store, that you had to run to a back room to activate? Who designs all this stuff? And how did the thieves know that the owner was attempting to hit the panic button? Did they know where it was?
Somewhere along the way, Trudeau lost his mojo. Multiple scandals took the sheen off the Trudeau brand of politics. His personal appeal is in free fall. The economy is flirting with recession, housing and food prices have gone through the roof, inflation remains high and the foreign policy is a mess. A survey found him the worst prime minister in over 50 years.
If elections were to be held today, Trudeau’s conservative opponent Pierre Poilievre could wipe the floor with him. In fact, many Liberal MPs and party insiders feel the prime minister should step down and let someone else lead the party. In The Prince: The Turbulent Reign of Justin Trudeau, journalist Stephen Maher looks at Trudeau’s rise and fall and concludes that the Trudeau magic may have run its course, although it may be foolish to write him off.
Maher’s use of the word “prince” is illuminating. It shows two sides of Trudeau’s personality: a practical political operator, just like the one described in Niccolo Machiavelli’s 16th century treatise, The Prince, and at the same time a modern prince, who grew up with a sense of entitlement. When Trudeau was seven, his mother publicly referred to him as a prince. And that sense of entitlement never seems to have left him.
The way Trudeau operates with a cabal of close advisors, keeping everyone else out from his inner circle, and the propensity to hide behind a mask have all contributed to his downfall. Maher also identifies many other missteps, such as his flagrant attempt to influence his minister of justice Jody Wilson-Raybould to abandon the prosecution of Montreal-based construction giant SNC-Lavalin, deputing a rookie minister to deal with the critical issue of electoral reform, the unnecessary foreign policy faux pas involving India and his inability to act on intelligence inputs that China was meddling in Canadian affairs.
In conclusion, Maher feels that Trudeau’s future looks like a lost cause. Last December, the Trudeaus took yet another expensive vacation, staying at the Frankfort Villa at Ochos Rios, Jamaica, a stately two-storey manor located in a famously grand former slave plantation, which rents for $7,000 a night. “With so many Canadians counting their pennies in the grocery line, it seemed selfish,” wrote Maher. “The trip confirmed everything Poilievre and other critics were saying about Trudeau―that he is out of touch and disconnected from the struggles of ordinary Canadians.”
A prince, indeed.
https://www.theweek.in/theweek/leisure/2024/06/29/the-prince-the-turbulent-reign-of-justin-trudeau-book-by-stephen-maher.html
if Newsom & Trudeau swapped places, would anyone notice? or even care? maybe their wives would be happy for a little change-up of the ol’ vodee-oh-doe-doe …!?
*credit to Laverne DeFazio
the Trudeau magic may have run its course, although it may be foolish to write him off
As I recently mentioned, once Poilievre and his party undo some of Trudeau’s damage and Canada no longer appears poised for collapse, Canadians will vote the Liberals back into power and possibly Trudeau’s return as PM.
France faces a stark choice in its upcoming election, with a leading pollster showing the far-right National Rally ahead with 36% of the vote, followed by the leftist New Popular Front coalition at 29%. Macron’s coalition trails at third with 19.5%, according to Ipsos. The surge in the right and the collapse of the center is sending shock waves across France, with some analysts warning that the deep disillusionment underpinning these numbers goes beyond France.
Macron called the snap election a day after his party was crushed by the far right during June’s European parliamentary elections. His decision was widely seen as an attempt to spook voters away from the political extremes, but a lightning-fast, three-week campaign has failed to turn the tide.
“The center has imploded,” said Samantha de Bendern, a geopolitical commentator for the news outlet La Chaine Info. “Macron miscalculated. He was hoping the moderate left and moderate right would both come to him. Instead, they’ve both joined the extremes.”
https://www.msn.com/en-us/news/world/french-face-election-where-center-has-imploded-energizing-the-far-right/ar-BB1p93LN
“The center” = stooges of the banksters & oligarchs.
the far-right National Rally
Which supports socialist policies like socialized healthcare. The only significant difference from the other parties is that they want to stop immigration into France. Oh, I’m sure they support “lower taxes”, say like lowering the VAT from 20% to maybe 18%
‘The only significant difference from the other parties’
They’re also explicitly against the wef. You take yer victories where you find them.
They’re also explicitly against the wef.
If you are anti-immigration that goes without saying.
If you want to understand the far right’s appeal in France, or perhaps what could happen if the National Rally party gets a chance to govern, this southern port city is the place to go.
Even in the years when the far right was considered toxic in much of the country, Toulon was partial to politicians who took a hard-line stance on immigration and crime. In 1995, it became the first large city in Western Europe since World War II to give control of the local government to a far-right party. Three decades later, in elections that begin Sunday, Toulon may send a far-right candidate to the National Assembly in Paris, potentially helping National Rally get its first chance to form a national government.
Charley Lenzini, 89, said he will vote for National Rally this weekend after feeling encouraged by its more moderate rhetoric. His friends think he has gone mad, acknowledged Lenzini, a French citizen who was born in French Algeria and — until recently — was a socialist.
“If someone needs to come to France to eat because there’s no food, that’s understandable,” he said. “But allowing him to then bring his father, grandfather and cousins, that’s not normal.”
https://www.msn.com/en-us/news/world/the-far-right-was-humiliated-in-this-city-its-return-bodes-ill-for-macron/ar-BB1p72vQ
Even in the years when the far right was considered toxic in much of the country, Toulon was partial to politicians who took a hard-line stance on immigration and crime. I
Ooooh, how extreme! Only a nahtsee could oppose crime and want streets to be safe for women and children.
Denmark will tax livestock farmers for the greenhouse gases emitted by their cows, sheep and pigs from 2030, the first country to do so as it targets a major source of methane emissions, one of the most potent gases contributing to global warming.
The aim is to reduce Danish greenhouse gas emissions by 70 per cent from 1990 levels by 2030, said Taxation Minister Jeppe Bruus.
As of 2030, Danish livestock farmers will be taxed 300 kroner ($57) per ton of carbon dioxide equivalent in 2030. The tax will increase to 750 kroner ($147) by 2035. However, because of an income tax deduction of 60 per cent, the actual cost per ton will start at 120 kroner ($23) and increase to 300 kroner by 2035.
“We will take a big step closer in becoming climate neutral in 2045,” Mr. Bruus said, adding Denmark “will be the first country in the world to introduce a real CO2 tax on agriculture” and hoped other countries would follow suit.
New Zealand had passed a similar law due to take effect in 2025. However, the legislation was removed from the statute book on Wednesday after hefty criticism from farmers and a change of government at the 2023 election from a centre-left ruling bloc to a centre-right one. New Zealand said it would exclude agriculture from its emissions trading scheme in favour of exploring other ways to reduce methane.
https://www.theglobeandmail.com/business/international-business/european-business/article-denmark-to-tax-farmers-for-greenhouse-gases-emitted-by-their-livestock/
Just like a watermelon: green on the outside, red on the inside. Commie vermin 🐀
will tax livestock farmers from 2030
So, they’re waiting six years? I guess this climate “crisis” isn’t as much of a crisis as they’re making it out to be.
We all know what this is really about.
Who will be the first to tax their humans on CO2 emissions?
U.S. President Joe Biden is looking to recapture his mojo and reassure donors at a Saturday fundraiser that he is fully up to the challenge of beating Donald Trump.
The 81-year-old’s troubling performance at the first presidential debate Thursday rattled many Democrats, who see Trump after the Jan. 6, 2021, insurrection as an existential threat to U.S. democracy. Biden’s meandering answers and struggles to respond to Trump prompted The New York Times editorial board to declare Friday that he should exit the race and that staying in would be a “reckless gamble.”
Jill Biden told supporters Friday that he said to her after the debate, “You know, Jill, I don’t know what happened. I didn’t feel that great.” The first lady then said she responded to him, “Look, Joe, we are not going to let 90 minutes define the four years that you’ve been president.”
But on Friday, there was no formal push to pressure Biden to step aside and some suspected there never would be given the logistical challenges associated with replacing the presumptive nominee just four months before Election Day.
Some donors noted they were going to pause their personal giving. They said receipts from Biden’s weekend fundraiser would almost certainly be strong because the tickets were sold and paid for before the debate.
https://www.ctvnews.ca/world/2024/6/29/biden-is-making-appeals-to-donors-as-concerns-persist-over-his-p.html
“You know, Jill, I don’t know what happened. I didn’t feel that great.” The first lady then said she responded to him, “Look, Joe, we are not going to let 90 minutes define the four years that you’ve been president.”
Anyone with one brain synapse talking to another knows the fraudulently installed dementia patient has indeed been defined by four years of corruption, tyranny, creepy behavior around children, and slavish subservience to his globalist puppetmasters.
I don’t know what happened
I have no experience with this, but are dementia patients even aware that they are declining? I think they know it some subliminal level, but not in a way to make a statement like that.
Outside a Whole Foods in downtown Denver on Friday, registered Democrat Matthew Toellner tilted his head sideways, mouth agape, in an imitation of his favored candidate, Biden, who was seen doing that at times on the split screen when Trump was talking Thursday night.
“I’m going to vote for Biden,” said Toellner, 49, leaning against the wood siding of the grocery store. “Actually, I might not.”
A few minutes later, Toellner looked out to the street and rethought again. “I’m going to vote for Biden, I think I’d be a fool not to. But I just hate that I have to.”
His appeal to Biden and Democrats: “Please step down, get somebody electable.”
On a Detroit park bench, Arabia Simeon was left feeling politically homeless after voting Democratic in the past two presidential elections. “It just feels like we’re doomed no matter what,” she said.
https://www.caledonianrecord.com/news/national/despair-in-the-air-for-many-voters-the-biden-trump-debate-means-a-tough-choice/article_26d984ea-96fa-5d78-8b97-d4b07972aaaf.html
not that voting matters anymore (if it ever did) but either these people are the slowest learners ever, or it’s a cult. (my bet is on a death cult)
It’s a cult. They believe the Leftism HAS to work, and if it isn’t , it just needs more time.
It’s a cult.
It has to be a cult and most of them are Jim Jones level deep into it. 33% of the people thought Biden won the debate! What??
Biden could have keeled over and met his maker, and the 33% would still think he won.
Rep. Eric Swalwell (Calif.) struck the biggest moment of his bid for the 2020 Democratic presidential nomination on June 27, 2019. He did it by quoting from a Joe Biden speech in 1987 about passing “the torch” to a younger generation.
“Joe Biden was right when he said it was time to pass the torch to a new generation of Americans 32 years ago. He’s still right,” Swalwell, then 38, said in a nationally televised debate during the Democratic primary race.
Biden, then the 76-year-old former vice president, smiled at the young Turk. “I’m still holding on to that torch,” the future 46th president retorted onstage.
Yet exactly five years after the Swalwell exchange, the worst nightmares came to pass for that young crop of Democrats. Biden’s debate performance against former president Trump confirmed the worst fears for the next generation.
There were misstatements, audible stumbles, and — most worrying of all to many Democrats — very little pushback from Biden, now 81, against a series of misstatements and mistruths from Trump, who just turned 78, and has some questioning his age and acuity.
“I mean, I think people are panic-stricken,” said Rep. Emanuel Cleaver II (D-Mo.), a 20-year incumbent who serves as a minister.
https://www.msn.com/en-us/news/politics/democrats-still-stumble-on-how-to-pass-the-torch-to-younger-leaders/ar-BB1p7hcI
against a series of misstatements and mistruths from Trump
The MSM keeps repeating Trump is a liar, but I’m not sure what he lied about.
Biden lied several times on stage, such as that zero American military servicemen died during his tenure. That one was a doozy!
And he said the border patrol endorsed him, which they immediately denied.
“The MSM keeps repeating Trump is a liar, but I’m not sure what he lied about.”
They will just keep repeating it until their Zombie voters believe it and regurgitate it mindlessly.
You have seen them interviewed on the street I
m sure…
Donald Trump is a racist and was the worst President ever!
Then they are asked… Why?
Then they look at their fellow TDS Democratic voter next to them and unsuccessfully struggle to come up with one thing Trump had done to deserve their contempt for him.
very little pushback
That’s because the muted microphone and debate format itself was designed to minimize pushback, ironically in an attempt to defang pushback from Trump. The format backfired on Dems in a big way.
Not that it matters. It was perfectly clear that Biden’s handlers had spent the previous 7 days cramming him with scripted bullet points. Note how he would repeatedly try to list his answers as “#1,” “#2;” those were the bullet points. I don’t think he ever made it to a #3, he couldn’t remember that deep.
If Biden had to generate a point not on script, he regressed to the tax cut point, the “but muh insulin” point, and the “the idea, how dare you” meme. I wonder if the insulin answer was the first point they had him learn, and therefore the one he knew best.
A sense of concern is growing inside the top ranks of the Democratic Party that leaders of Joe Biden’s campaign and the Democratic National Committee are not taking seriously enough the impact of the president’s troubling debate performance earlier in the week.
DNC Chairman Jaime Harrison and Biden campaign manager Julie Chavez Rodriguez held a Saturday afternoon call with dozens of committee members across the country, a group of some of the most influential members of the party. They largely ignored Biden’s weak showing Thursday night or the avalanche of criticism that followed.
Multiple committee members on the call, most granted anonymity to talk about the private discussion, described feeling like they were being gaslighted — that they were being asked to ignore the dire nature of the party’s predicament. The call, they said, may have worsened a widespread sense of panic among elected officials, donors and other stakeholders.
Instead, the people said, Harrison offered what they described as a rosy assessment of Biden’s path forward. The chat function was disabled and there were no questions allowed.
“I was hoping for more of a substantive conversation instead of, ‘Hey, let’s go out there and just be cheerleaders,’ without actually addressing a very serious issue that unfolded on American television for millions of people to see,” said Joe Salazar, an elected DNC member from Colorado, who was on the call. “There were a number of things that could have been said in addressing the situation. But we didn’t get that. We were being gaslit.”
https://www.msn.com/en-us/news/politics/a-private-call-of-top-democrats-fuels-more-insider-anger-about-bidens-debate-performance/ar-BB1p8ilR
Greasy Gavin aka the Great White Hope. Only the hair gel and botox and teeth veneers can save you from Blonald Drumfph 😻
[DANGER! A non-housing related article is being posted on Ben Jones’ blog.]
Maldives Are Not Being Submerged After All – NYT.
[Such an article as this is surprising to me in that not only is the MSM publishing the article but that the article was published in the New York Times.]
https://wattsupwiththat.com/2024/06/28/maldives-are-not-being-submerged-after-all-nyt-as-reported-at-wuwt-for-over-a-decade/
We humans have settled in all sorts of precarious environments: parched deserts, barren tundra, high mountains. None are precarious in quite the same way as atolls, the tiny, low-lying islands that dot the tropics. As the planet warms and the oceans rise, atoll nations like the Maldives, the Marshall Islands and Tuvalu have seemed doomed to vanish, like the mythical Atlantis, into watery oblivion.
Of late, though, scientists have begun telling a surprising new story about these islands. By comparing mid-20th century aerial photos with recent satellite images, they’ve been able to see how the islands have evolved over time. What they found is startling:
[“startling” I am startled at the hyperbole.]
Even though sea levels have risen, many islands haven’t shrunk. Most, in fact, have been stable. Some have even grown.
[Why, it’s a miracle!]
One study that rounded up scientists’ data on 709 islands across the Pacific and Indian Oceans showed that nearly 89 percent either had increased in area or hadn’t changed much in recent decades. Only 11 percent had contracted.
‘They call us ‘the stinkiest beach.’ Who wants to buy a home – a million dollars and up – and be considered ‘the stinkiest beach in the United States?’
A winnah! Cara, that’s who.
Also from that article:
A significant portion of the raw sewage originates in impoverished Tijuana colonias, neighborhoods where residents lack proper housing due to poverty, according to Fay Crevoshay, the communications and policy director of the international nonprofit WILDCOAST.
These communities build makeshift homes using scrap materials like garage doors and tires, and often lack connection to public sanitation systems.
Their sewage flows directly into a canal that eventually reaches the US, she says.
When it rains, this canal overflows, carrying trash and sewage straight into the working-class communities of Southern California’s South Bay.
‘I like how in the U.S. they describe these communities as ‘underserved.’ In Mexico, it’s ‘No served.’ No service. Nothing service,’ said Crevoshay.
Researchers say the toxins from the sewage water pose a threat to public health, which is why Imperial Beach is closed more often than not.
This was an issue when I lived in San Diego county. Heavy rains made it worse as Tijuana sewage treatment plants would overfill and they would release raw sewage into the ocean, on top of all the raw sewage from the squattervilles. And there is nothing all those wealthy people in La Jolla and Del Mar can do to stop it.
‘had a referral for a Veterans Affairs buyer in April with a max price of $1.3 million, but was concerned she wouldn’t be able to find them a single-family home in Santa Clara County’
Nice Mary Ann, VA loan, nothing down, no dollar limit, everybody is happy cuz uncle sugar always comes through. Sound lending!
‘At that time, the market was showing signs that it might be slightly shifting, and more inventory was starting to come on,’ she said. ‘On June 15, I was able to get my client into a contract on a single-family home in Morgan Hill, $50,000 under list price with contingencies. This is a deal that I don’t think would have existed a few months ago’
We are at an all time high Mary Ann, everybody says so.
‘The passage of the county’s proposed legislation to ban short-term rentals will be financially catastrophic and a final blow for my family,’ he said. ‘This proposed ban will bankrupt my family. Since May 3, when the mayor gave his press conference, we have not had a chance to sleep’
You got the short term rental a$$ pounding Andy, happens almost every time.
‘The plaintiffs owned their homes outright, per court filings, but faced financial distress that caused them to borrow cash in a loan secured by home equity. They found EasyKnock online and a “Sell & Stay” option that their attorneys allege is ‘an inflexible debt trap that stripped Plaintiffs of the equity in their homes, exposed them to high-interest rates disguised as fees and ‘rent,’ and unlawfully circumvented federal requirements to evaluate a consumer’s capacity to repay a loan before securing a transaction with their home’s equity.’ ‘This is just ridiculous. I mean what we pay a month (in rent) is what I get in disability’
That’s some sound lending right there.
‘I just wanna be able to stay in my home because that was the whole reason behind this was to stay in my home’
Bless yer heart Randee, I know things seem impossible now, but in a few days you’ll see. You are the winnah!
When this couple got into financial trouble, they should have sold the house immediately, paid off whatever debt, and gotten an apartment. Instead, they wanted to “stay in their home.” It’s the same pressure tactic that Tom Selleck uses to sell reverse mortgages to old tradwife widows.
I guess I’m lucky that I relocated a few times while I was young, and didn’t marry or start a family. I don’t have an attachment to my home. If I have to, I can sell and move pretty quickly.
‘Cynthia Ruke had just installed a new carpet and had the walls of her condo painted just before Ian struck, and she was ready to move in. Then Ian ripped the roof of the condo off. Her condo and six others on the third floor were gutted. ‘They’re living in open rafters and cement floors’
That may be Cynthia, but it’s still way cheaper than renting.
‘Other residents on the third floor also have gutted condos, and while most can’t live in them, Charles Silas has no choice. He walks on cement floors and runs his air conditioning despite the fact that he has no ceiling or insulation above him. ‘It is like camping. That’s a good analysis. I just like roughing it,’ Silas said. He points out, though, that camping trips only last the weekend. ‘Well, it looks like I’m in for the long haul’
Personally I dislike camping Charlie, so I’m glad that you enjoy that hard ground in the mornin! I bet yer AC bill is kinda stupid – long haul!
‘Why are these spaces empty? It’s not safe to shop in the area with homeless criminals, it’s not appetizing to eat a meal next to a passed-out fentanyl addict who soiled himself’
Aside from that, do you have any good Mexican food?
‘Metro Phoenix’s median home price was flat in May and is expected to dip in June’
Where is the Arizona Republic and what have you done her?
‘Sellers are nervous, and buyers are unenthusiastic’
You almost got a HBB title there Mike. Yer day will come.
‘Total listings climbed by about 1,000 last month to 17,897. ‘Our housing market is transitioning from our peak season to our offseason,’ said housing analyst Tom Ruff with The Information Market, a division of ARMLS. ‘It’s beginning to look like we’ll be in this rut for a while’
Good to see you stick yer head up Tom.
‘What could also spur some buyers is more sellers offering concessions. During June, 55% of Phoenix-area home sales sold with seller concessions, said Tina Tamboer, senior analyst with Cromford. That’s up from 49% a year ago. The median incentive is $9,400, up $1,200 from a year ago, according to Cromford’
Tina is back every body! She who used to grab her pom poms at every cromford press release. Wa happened Tina?
‘The answer is nuanced. It is true that our region has a shortage of roughly 8,500 housing units, which includes both multifamily apartments and single-family homes’
So far so good, hold the line!
‘It is also true that we had an absolute boom in multifamily construction during the pandemic. A high number of permits were pulled, initiating an unprecedented number of new apartment projects. Most projects take a minimum of two to three years to complete, so we are now facing an absorption problem with many of those apartment buildings finished, creating a glut of new product’
How do you like those 5% cap rates now?
‘At the time, nine in 10 homes received multiple offers ‘because buyers were desperate’ and feared prices would keep soaring, according to Canadian property site MoveSmartly. Now, sellers must market homes much more strategically to win over choosier prospects’
Gosh, I hope no one overpaid in such an environment!
‘they’re more discerning now, taking time to find properties with all of the amenities they require and not overpaying.’ Buyers are not feeling the pressure of missing out as they did two years ago, said Paul Johnston of Paul Johnston Unique Homes/Right At Home Realty in Toronto. ‘The fantastical pricing of a few years ago will not work in this market. People are analyzing what they’re looking at. For sellers, that means a key differentiator is the sophistication of their marketing’
That’s the spirit Paul, talk em down outta that tree. Taking an a$$ pounding is sophisticated.
‘Investors who collectively lost millions in a real estate scheme will soon be getting a small portion of their money back, according to the B.C. Securities Commission. The provincial financial markets regulator said in a news release Thursday that $2.1 million recovered from Siu Mui ‘Debbie’ Wong and Siu Kon ‘Bonnie’ Soo would be distributed to 92 investors who lost money in the sisters’ fraud…The BCSC obtained a freeze order for some of Wong and Soo’s assets during its investigation, and it was the sale of those assets by MNP that generated the bulk of the $2.1 million that will now be returned to investors, the regulator said’
That’s a stunning 10% of the fleecing BC guberment, outstanding!
‘the increasing number of building faults is directly linked to the growth of private certifiers. ‘We wouldn’t be in this situation if the private certifiers had been more strictly regulated and we had more control over building development’
But is was still sound lending Lord Mayor Gordon. And it’s red hotcakes, every one says so.
‘dismissed the anti-tourism demonstrations which are sweeping the Costas as ‘completely hypocritical.’ ‘They rely on tourists to survive. If you look around, everything is based on tourists,’ she told The Sun. ‘Places like Magaluf are advertised as cheap drinking holidays. We help the economy’
Classy with a K Zoe.
Debate Forces Corporate Media to Admit Biden’s Impairment After Months of Lies
Glenn Greenwald
1 day ago
https://www.youtube.com/watch?v=FrBZFMQB500
51:37.
12:50.
‘There’s not a single note of decent ever from this crowd.’
28 minutes: Krugman.
“28 minutes: Krugman.”
“But there’s perception and there’s reality:”
Krugman the liar got a dose of reality.
12:50
“This is Extremely Dangerous to Our Democracy”
https://youtu.be/U5mlx_DnIEo?si=UdAsoZh0MnKEZZdi
Does anyone, other than retirees, still watch the local news?
“Does anyone, other than retirees, still watch the local news?”
I do.
Local sports, local events not to mention a 1 – 2 week heads up on tropical storms and hurricanes. Plus the value added comedy through pumped in propaganda from the National Motherships “real journalists” at ABC, CBS or NBC.
5:07
American families have had the experience of dealing with an elderly loved one.
Wandering
Alzheimer’s disease causes people to lose their ability to recognize familiar places and faces. It’s common for a person living with dementia to wander or become lost or confused about their location, and it can happen at any stage of the disease. Six in 10 people living with dementia will wander at least once; many do so repeatedly. Although common, wandering can be dangerous — even life-threatening — and the stress of this risk weighs heavily on caregivers and family.
https://www.alz.org/help-support/caregiving/stages-behaviors/wandering
When we were all taking care of my grandfather (died at 102), he would wander in the middle of the night. If I heard a sound, I would jump out of bed to see what was happening; it was exhausting. Once I caught him just as he was putting his leg over a gate we had blocking a flight of stairs. Very often he worried that he had to go to work.
One day he asked me if Popeye was still alive.