A Small Desire For Profit Has Turned Into A Big Loss

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

   1. At least it was cheaper than renting.

2. ‘People who saved money their whole life [who are] getting ready to sell the house and retire now might not be able to’

   Josh, Larry said all time high. So who’s a lion here? And what does saving money have to do with selling a shack?

   1. The article seems to be about the “mansion tax” in LA and how it’s affecting sellers.

      That’s the problem with living in a commie sh!thole, they want your money so they can spend it as they see fit.

      1. “….“mansion tax” in LA…”

         Outright theft of private property without due process.

         And its going to get worse.

         Right now, the tax is for all transactions exceeding $5mm threshold.

         You can bet that the definition of a “mansion” will be redefine to anything over $1mm in the future.

         Yet another slippery slope.

         1. Californians elected their legislatures and governors. Those legislatures and governors passed tax laws. If the voters of California don’t like it, they can elect new legislatures and governors. If residents don’t like it, they can move out of California, or choose to purchase a house below the tax threshold. How is this not due process?

3. ‘You cannot overprice in this market right now, because houses are staying on the market longer. There’s a lot more inventory on the market, and you’re competing with a lot more…A lot of people have been holding off to buy because they’re waiting for a lower interest rate, and unfortunately, they keep on pushing it back, and now it looks like they’re not even going to drop it as many times as they said they were’

   Jerry broke it off in yer a$$ Spencer.

4. Time to get boosted, my dear lemmings!

   Colorado, along with much of the country, is experiencing a summer bump in COVID-19 infections, showing the virus has yet to fall into a seasonal pattern.

   1. You still see people wearing masks while driving alone in Denver every single day.

      #MassFormationPsychosis

      1. I recently saw an older woman wearing a mask in our Walmart’s parking lot. She retired from an office that I frequented years ago. She remembered me, and said she had finished chemo therapy, and was afraid of catching a pulmonary virus.

   2. These idiots STILL think that COVID will be seasonal like flu? 🙄 We all knew it wasn’t seasonal 4+ years ago, when it spread easily in warm-weather countries like India and Brazil.

      The spikes in COVID cases never corresponded to climate. The spikes corresponded to holidays, when people were traveling and gathering. We once had a COVID spike around the 4th of July — hardly flu season. But when the travel corresponded to cold-weather holidays, it evidently confused these so-called “experts” — who evidently have NO critical thinking skills whatsoever — into thinking it was seasonal.

      And COVID has become so contagious that you don’t need to be exposed to dozens of people on travel to be infected anyway. No, it’s a just another summer/winter cold now, and will remain so until it’s so mild that few people have symptoms.

5. I’ve seen many acquaintances’ jump on the Happy-Ship to fame and fortune. I’ve seen many purchase a NEW home 80 miles away from work simply because the homes were NEWER and larger and cheaper. After 6 months they wanted out of the deal. They never realized the extra vehicle expense and loss of hours with the family would add up. Some simply mailed the keys back and returned to the old neighborhood to start over again. Yet, they still consider themselves WINNERS. They still strut around in highly polished shoes ( but the soles have holes in them ) while wearing suits from the thrift stores, and that high-dollar luxury automobile is just one high-cost repair away from going back to the bank. . You just never know who is swimming naked in the ocean until the tide’s roll out. We can see the Tulip disaster coming down the track again, but nobody is paying attention. The only way to quick rich’s is thru inheritance’s.

   1. “The only way to quick rich’s is thru inheritance’s.”

      “I want a man who’s kind and understanding. Is that too much to ask of a millionaire?” —Zsa Zsa Gabor

   2. “They never realized the extra vehicle expense and loss of hour”

      And the ones who couldn’t get out are now fighting for w@h.

   3. but but but

      “nobody could have seen it coming”

   4. i do NOT get the fascination with new homes. I get moving to a new to you home, but buying a new construction home is just silly. They are built like crap, they all look alike, they have no landscaping and no character. And the neighborhoods are odd (and a 1000 cul-de-sacs so you can’t get anywhere).

      I get wanting to make a home your own, but it’s almost always better in the long run to buy an existing house and change it to your liking (within reason). If the house has been there 50 years, at least the problems have all revealed themselves and someone else has fixed them long ago instead of you being stuck fixing it on your dollar in your “brand new home”

6. Florida prosecutors knew the late millionaire and financier Jeffrey Epstein sexually assaulted teenage girls two years before they cut a plea deal that has long been criticized as too lenient and a missed opportunity to imprison him a decade earlier, according to transcripts released Monday.

   The 2006 grand jury investigation was the first of many by law enforcement over the past two decades into Epstein’s rape and sex trafficking of teenagers — and how his ties to the rich and the powerful seem to have allowed him to avoid prison or a serious jail term for over a decade.

   The investigations uncovered Epstein’s close ties to former President Bill Clinton and Britain’s Prince Andrew, as well as his once friendly relationship with former President Donald Trump and numerous others of wealth and influence who have denied doing anything criminal or improper and not been charged.

   Circuit Judge Luis Delgado’s release of approximately 150 pages Monday came as a surprise, since there was scheduled hearing next week over unsealing the graphic testimony. Gov. Ron DeSantis had signed a bill in February allowing the release on Monday or any time thereafter that Delgado ordered. Florida grand jury transcripts are usually kept secret forever, but the bill created an exemption for cases like Epstein’s.

   The transcripts show that the grand jury heard testimony that Epstein, who was then in his 40s, had raped teenage girls as young as 14 at his Palm Beach mansion, often paying them so he could commit statutory rape or assault. The teenagers testified and told detectives they were also paid cash or rented cars if they found him more girls.

   “The details in the record will be outrageous to decent people,” Delgado wrote in his order. “The testimony taken by the Grand Jury concerns activity ranging from grossly unacceptable to rape — all of the conduct at issue is sexually deviant, disgusting, and criminal.”

   In 2008, Epstein cut a deal with South Florida federal prosecutors that allowed him to escape more severe federal charges and instead plead guilty to state charges of procuring a person under 18 for prostitution and solicitation of prostitution. He was sentenced to 1.5 years in the Palm Beach County jail system, during which he was allowed to go to his office almost daily as part of a work-release program, followed by a year of house arrest. He was required to register as a sex offender.

   Criticism of the deal resulted in the 2019 resignation of Trump’s labor secretary, Alex Acosta, who was the U.S. attorney for South Florida in 2008 and signed off on the deal. A 2020 Justice Department investigation concluded that Acosta used “poor judgment” in his handling of the Epstein prosecution, but it didn’t rise to the level of professional misconduct.

   The chief prosecutor in the Epstein case, former Palm Beach County State Attorney Barry Krischer, did not immediately respond Monday to an email and a voicemail seeking comment about the transcripts’ release.

   Brad Edwards, an attorney for many of the victims, said in a statement that the transcripts show that Krischer’s office “took the case to the Grand Jury with an agenda — to return minimal, if any, criminal charges against Jeffrey Epstein.”

   “A fraction of the evidence was presented, in a misleading way, and the Office portrayed the victims as criminals,” he said. “It is so sad, the number of victims Epstein was able to abuse because the State carried water for him when they had a chance to put him away.”

   Epstein’s estate is paying $155 million in restitution to more than 125 victims.

   Delgado in his order wrote that the transcripts show why Epstein was “the most infamous pedophile in American history.”

   “For almost 20 years, the story of how Jeffrey Epstein victimized some of Palm Beach County’s most vulnerable has been the subject of much anger and has at times diminished the public’s perception of the criminal justice system,” Delgado wrote.

   https://www.msn.com/en-gb/news/us/florida-prosecutors-knew-epstein-raped-teenage-girls-2-years-before-cutting-deal-transcript-shows/ar-BB1peopM

   1. I mentioned before that back when I had netflix, they ran an investigative documentary, maybe 10-45 minute shows. I got part way through number 3 and I had to turn it off. The corruption was truly sickening. It wasn’t just this one time that prosecutors and investigators had a case, only to have it sabotaged by a higher up. It happened over and over. And because it was in Manhattan and Florida, the only way he could get off every single time was if there was an organized criminal effort deep inside the legal system making it possible. Judges, Attorney’s General, and DA’s, and almost certainly the feds. It was all spelled out in those shows. This was all before the island and the flights.

      1. In other words, Epstein had video tapes of a deep state big shot or two enjoying the forbidden fruit, likely on multiple occasions.

7. What you NEVER hear discussed in any of these articles is non-instructor administrator salaries at these alleged institutions of higher learning.

   CNBC — Trump may roll back student loan forgiveness programs if elected to second term (7/2/2024):

   “Now, as he runs for president again, Trump seems poised to make even deeper cuts to financial aid programs for students. He has repeatedly attacked Biden’s loan relief policies, and he said in a campaign video in late 2023 that he wants to close the Education Department altogether.

   Cody Gude, a social media consultant in Tampa, Florida, said he expects if Trump wins it will become more difficult and expensive for him to pay back his student loan debt of about $34,000.

   He said he worries that if elected Trump would roll back financial relief options for young people, and that he plans to vote for Biden.

   Kelly Lambers, of Cincinnati, said the issue of student loan debt will be top of mind for her in the November election. The social media strategist said her debt of around $97,000 makes it hard for her to cover her basic expenses.

   She said she plans to vote for Biden, in part because she believes she could lose that relief under Trump.”

   https://www.cnbc.com/2024/07/02/student-loan-forgiveness-programs-may-be-at-risk-if-trump-is-elected.html

   Cody and Kelly, look at your phony job titles. And note this article or any other Free Sh*t article NEVER mentions what these alleged students majored in.

   1. social media consultant
      social media strategist

      🙄

      Notice how these rubes are NEVER civil engineers or accountants or pharmacists.

8. Jill Biden is drunk on her husband’s power

   By Jeremiah Poff
   July 1, 2024 5:10 pm

   There are few people who hold such little power on paper but so much power in practice as first lady Jill Biden does.

   As President Joe Biden continues to decline physically and mentally, it is Jill Biden who wields increasing influence over her husband and, by extension, the nation at large.

   It is Jill Biden and the president’s son Hunter Biden who are eager to ensure that the 82-year-old president with declining cognitive abilities is the Democratic Party’s nominee for president in the November election. But it is also Jill Biden who treats her husband as a kindergarten student who finally learned how to write his name.

   The truth is that Jill Biden enjoys being first lady of the United States so much that she is perfectly at peace with ignoring her husband’s diminished condition, so long as it ensures that her celebrity status and political influence are maintained.

   Case in point is the new Vogue cover story that fawns over the first lady as the second coming of Jackie Kennedy if the matriarch of Camelot were a part-time college professor at a community college, teachers union member, and the primary surrogate of her husband’s campaign.

   “If you want to know what power feels like, try to get yourself driven around in a motorcade,” Singer wrote. “Flashing police chaperone lights form a perimeter as you blaze down an empty highway, waiting cars backed up on entry ramps as you pass. It’s as if the world is holding its breath. For you. Also, rules don’t apply: On a cool spring day, driving down suburban Minneapolis side streets, we run red lights and whip round curves so fast I can barely take in the commonplace American view.”

   https://www.washingtonexaminer.com/opinion/3065972/jill-biden-is-drunk-on-her-husbands-power/

   1. We went from Joe’s fine, to oh sh$t Joe, you gotta let us replace you, yer too old! They knew this, but figured they could cover it up until the election. They asked for this debate because they were losing and hoped to turn it around. If he just showed up and merely mumbled, they would say he won! But he was so bad they can’t.

      If only they hadn’t covered for him, he never would have gotten the nomination. Now they can’t get rid of him.

      1. “Now they can’t get rid of him.”

         Joe’s the perfect guy for the deep state with his Ed McMahon smile and thousand yard stare. And Dr. Jill (get used to it) is no dummy. She doesn’t have time to build a life with chumps from a sports bar preferring to hang out near the finish line instead.

         1. The “Dr.” title doesn’t impress me one bit.

   2. Jill Biden looks like Alice Cooper in his stage makeup.

      1. A good hard pony ride would turn her frown upside down!

   3. “as you blaze down an empty highway, waiting cars backed up on entry ramps as you pass. It’s as if the world is holding its breath. For you.”

      Take it from me jill, they aren’t holding their breath for you they are cussing your sorry self serving @ss out because you are making them late for work, picking their kids up etc.

      What a POS this woman is.

      1. What a POS this woman is.

         My understanding is that she abandoned a decent man for PedoJoe. ’nuff said.

9. The War On Savers continues. Experts, always the alleged experts. Where do they find these people?

   CNBC — Is holding too much cash a mistake? Here’s why that may lead to regrets, experts say (7/2/2024):

   “We’re too obsessed with cash,” Callie Cox, chief market strategist at Ritholtz Wealth Management, wrote last week in a blog post.

   An estimated $6 trillion in cash is parked in money market funds.

   “The bigger issue that not enough people are talking about is the fact that younger investors are over-allocating the cash because of the allure of the 5% savings rate,” Cox said in an interview with CNBC.com.

   “Under-investing is a risk, and it’s one that I think more younger investors are susceptible to,” Cox said.

   https://www.cnbc.com/2024/07/02/holding-too-much-cash-can-be-a-mistake-experts-say.html

10. ‘Heather added, ‘It also affects the values of every property from every price range, because the people that are [in the] 5 to 5 and a half [million range] are trying to figure out how to avoid paying the taxes. So, they’re reducing the price of their home, also, because the buyers are going to have to eventually pay that tax whenever they go to sell….And everyone’s going to have to end up paying part of that one way or another’

    From the article:

    The real estate powerhouse couple met on camera on “Million Dollar Listing: Los Angeles” back in 2010 and tied the knot in 2016. They share two children, daughter Alexis and son Ace.

    Heather joked about their courtship taking time but found some of the tools she uses in real estate applied to getting Josh to the altar.

    “I always say that real estate and dating are one in the same. It’s a numbers game,” she explained. “Number one, the more people [you’re dating] the better chance of finding your significant other. And same with houses, going out, looking at as many houses as possible. You’ll find your dream house, finally. But also, you know, when we were dating, he wasn’t ready to ask me to move in, so I didn’t tell him I moved in and got rid of my apartment because he wasn’t ready to ask me to move in with him.”

    After a year, “he asked me to move in and I was like, ‘Oh my gosh, thank you.’ So I had to let him think it was his idea. You also have to do that with your clients as well. So… it’s a whole game. But at the end of the day, we’re doing what’s in the best interests of our clients. We know what their end goal is, and, you know, it’s either to sell their home for the most money possible or buy their dream house. And so you just have to kind of work your way back into it.”

    1. some of the tools she uses in real estate applied to getting Josh to the altar.

       Lying?

    2. “But also, you know, when we were dating, he wasn’t ready to ask me to move in, so I didn’t tell him I moved in and got rid of my apartment because he wasn’t ready to ask me to move in with him.”

       The power that lays between a woman’s thighs.

11. ‘As summer settles in, the vacation rental market is providing a reality check for those who hoped last season’s downturn was a blip after three pandemic-fueled boom years. The message from real estate professionals and local officials: Those days are over. ‘Owners need to readjust their expectations…You cannot compare numbers for what we saw in 2021 and 2022 to the future. Those numbers were inflated because of the pent-up demand of the pandemic, and we’re never going to get back to those numbers’

    Talk em down out of that tree Ryan.

12. ‘By the end of June, the average vacancy rate in District offices was 22.4%, according too CBRE, a new record high. Even emptier offices come as the federal government is more aggressively giving up space, D.C.’s law firms are contracting, and some tenants, including nonprofit groups, are ‘totally walking away from office space,’ Savills Vice Chairman Tom Fulcher told Bisnow. ‘People are like, ‘We’re not coming in. We don’t need it anymore’

    Remember when this sh$thole was the bullet proof real estate cuz guberment?

13. ‘Back in 2021, with demand soaring and supply chains a mess, the price peaked at $1,600 per 1,000 board feet, said Paul Jannke at Forest Economic Advisors. ‘Prices currently stand at about $355, so lumber prices are extremely weak right now,’ Jannke said. ‘Those record-high prices that we saw in the second half of 2020 through the first half of 2022 led to extensive investment, mills investing in existing capacity, new capacity’

    History will marvel at what a minor respiratory illness can do.

14. ‘build a new home in the Perth suburb of Tapping more than three and a half years ago it was meant to be a fresh start. The project by the troubled builder still has no roof or second floor and is long past the scheduled completion date…‘My rent has to be paid straight away, I’ve got my mortgage to pay, rates, my daughter needs to go to the dentist, which I can’t afford…I can’t seem to get in front’

    ‘she recently tried to access her superannuation on hardship grounds, but was rejected because she was not receiving unemployment benefits. She is planning to reapply on compassionate grounds and says if that is unsuccessful she may be facing bankruptcy. ‘I’ve just got to keep trying because I’ve got nothing else,’ Ms Richardson said. ‘Otherwise, I’ll end up losing everything’

    Yer doing the right thing Cindy. Sell everything, grovel for yer own dam money back from the guberment pension scheme. Cuz you know what? You are a winnah! BTW if yer not eating there’s really no reason to send little Cindy to the dentist.

15. ‘A trend we’ve observed is that almost all the restructuring terms are worse than they were three years ago, from debt-exchange offers, debt-to-equity swaps and issuances of new bonds, to direct haircuts [a reduction in the debt to be repaid]…The current recovery rate [of a liquidation] is alarmingly low, often in the single digits and sometimes as dismal as 3 to 5 percent’

    Dan:

    via GIPHY

16. ‘Situation is too worrisome for us. We had purchased files to earn some profit but recession in industry has pushed us to wall,’ said a small investor Rashid Mahmood, who had booked a flat in Bahria Town, Rawalpindi. ‘I was swayed by boom in real estate and thought I could add to my little saving by investing in real estate. But, soon I got truck up like thousands others…He revealed that after paying down payment and couple of installments, he dried up of finances and fear cancellation of his booking. ‘This may result in loss of my hard earned money. I had never expected such a recession where there would be no way out to dispose of my property. It is now almost two years or so that people are in serious trouble due to property prices going down by 50% to 70%. On the other hand the societies’ owners are pushing people for payments threatening them to cancel their files’

    You sure did get trucked up Rashid.

    ‘These poor investors are now between the devil and the deep sea with no immediate ray of hope with some compelled to sell their ornaments or other valuables to pay societies installments. ‘I was not a billionaire. My aim was not to pile up wealth. I had just invested to earn some money for education and marriages of my children…But situation has completely changed and a small desire for profit has turned into a big loss. Neither, I have more money to pay nor my property has proper market value to sell out’

    Nobel goals fer gambling Abdul. Sounds like you better get some boxes.

    ‘Real estate agents are also in a fix due to prevailing situation as they had got invested billions of rupees of their clients with hopes of short term return and profit for them. ‘We had never expected such a recession when we advised our clients to invest. At that time there was a boom. But, now they are trapped and we also do not find any way out for them…Now, we have nothing to offer them instead of sheer hope of good days ahead. Those having solid property can hold it for some time. But, those invested in files are facing the dilemma of paying installments and other charges even when the value of property is continuously downing’

    Don’t be so hard on yerself Aamir, no one put a gun to their head!

17. You Can’t Afford That Home Either (Toronto Real Estate Market Update)

    Team Sessa Real Estate

    18 minutes ago

    In this episode we take a look at the current Toronto Real Estate Market specifically the detached home prices and market trends for week ending June 26, 2024. We also discuss how some of the old time folks need to adjust their views on younger buyers as they face struggles achieving home ownership not seen before.

    https://www.youtube.com/watch?v=i4aOflQvY_M

    15 minutes.

18. The FedGov has signed a deal with Moderna for an mRNA flu jab.

    The next mandates will be more carefully worded to make it harder to be overturned by a judge. Now roll up your sleeves, serfs. And don’t worry, the people who matter will be exempted, of course.

19. The Cars – Since You’re Gone

    https://youtu.be/1JnQfKIFERU?si=0wNzx5QhZebJaKMU

20. I picked up a relative at the airport last night. The place was crawling with cops and security, inside the building and in the parking lots.

    1. This summer is just getting started! I’ll admit I didn’t have impeachment of Supreme Court justices (singular or plural) on my bingo card.

       1. I wonder who ordered AOC to file the articles of impeachment.

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