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Honestly, There Hasn’t Been A Lot Of Interest, Maybe It Is Too Expensive

A report from the Colorado Springs Gazette. “The supply of Colorado Springs-area homes for sale swelled to a nearly nine-year high last month, an increase possibly driven, in part, by investors who are dumping properties on the market because of tighter government regulations on the rental industry, one local housing official says. A new state law, enacted during this year’s session of the General Assembly and signed by Gov. Jared Polis, requires landlords to show cause before they can evict residential tenants. Gordon Dean, board chairman of the Pikes Peak Association of Realtors, said he’s selling his own investment properties because of some of those rules and the high cost to own townhomes and condominiums. ‘You can’t just say, ‘the lease is over’ any more,’ he said of rental properties. ‘That’s considered an eviction now, which blows my mind. … The pressure on landlords has finally made them say, ‘we’re done with this, we’ll just liquidate and see what we can do with our money,’ versus this.'”

From CNET Money. “As more homebuyers pause while waiting for prices and mortgage rates to cool, some sellers are having to drop their asking prices. Highly motivated sellers have become more flexible on asking prices in order to attract buyers, especially in areas where property insurance has skyrocketed, like Florida, said Erin Sykes, chief economist at Nest Seekers International. ‘Home prices have become more negotiable over the last few months,’ Sykes said. Coastal markets in Florida and New Jersey are already showing 5-10% more negotiability on list prices, she added.”

From WFLA. “Tampa Bay-area real estate agents and Florida’s CFO are sounding the alarm about solar panels impacting the state’s real estate market. They say the panels are having an unexpected consequence on home sellers — and home buyers — who many not qualify to buy the home because of the panels. Florida Chief Financial Officer Jimmy Patronis said solar panel popularity has skyrocketed and works out for some, but that when some homeowners need to sell their houses, they are in for an unpleasant surprise. ‘Now you’re telling somebody on a fixed income that now they want to downsize, maybe they want to move into something that’s assisted living, now this investment that sounded great five years ago is going to wipe out your entire savings because you got to pay it off in order to move out of your house,’ Patronis said.”

The Reno Gazette Journal in Nevada. “On Aug. 17, the National Association of Realtors will implement changes that its members must follow as part of a sweeping $418 million settlement over its practices. Stephen Brobeck, a senior fellow at the Consumer Federation of America, cited the new contracts from the California Association of Realtors, which were done in response to NAR requiring agents to obtain buyer signatures on buyer representation contracts starting in August. In addition to being written in a way that is hard to understand, the changes being initiated by CAR essentially obligate the buyer to pay the buyer agent, Brobeck said. Even the changes that NAR is pushing as consumer-focused still benefit the industry more, the CFA claimed. ‘Everything is loaded in the industry’s favor in the contracts,’ Brobeck said. ‘They’re terrible and we’re recommending consumers not sign them.'”

“One thing that all sides agree on is that changes from the settlement could potentially shake the industry, particularly when it comes to the number of agents. Beau Keenan, owner of Dickson Realty, a real estate company that operates in Northern Nevada and Northern California, pointed to the Reno-Sparks real estate sector as an example. ‘A third of the transactions went away,’ Keenan said. It is an issue occurring not just in Reno but across the country as well. Last year, just over 4 million homes were sold in the United States — the lowest since 1995, according to NAR. Meanwhile, the total number of real estate agents is more than 1.5 million, according to the association.”

“Assuming each sale has one seller agent and one buyer agent, that averages out to 5 home sale transactions available per agent. Brobeck remembers once surveying 2,000 agents who worked for big companies. Half of them had either one sale or no sales at all in the last year. ‘There’s a huge glut of agents,’ Brobeck said. ‘They’re desperate for clients and sales.'”

From WEMU. “Randee Noggle bought her house in Michigan for $151,000 in 2018. She paid cash, with inheritance left by her grandmother. During the pandemic, her family fell on hard times. Her husband’s income working in the restaurant industry dropped, and Noggle was dealing with health issues. Her disability benefits and leftover inheritance weren’t enough to cover their bills. Facing credit card debt, student loans, car payments and overdue property taxes, the Noggles were in trouble. Bad credit kept them from getting a home equity loan. Then Noggle found a company called EasyKnock, offering a ‘sale-leaseback’ deal. She would sell them the house and get a portion of the equity up front as cash, then she’d rent the house and have the option to repurchase it, which she planned to do. ‘It sounded too good to be true,’ she said. ‘But at the same time, we were just desperate.'”

“Noggle is now suing EasyKnock in federal court, along with three other families in Michigan, alleging that the sale-leaseback deal was really a loan. Hers is among dozens of lawsuits around the country making similar claims. EasyKnock says they ‘take great care and time’ to ensure consumers understand the transaction. As for Noggle, she thought EasyKnock would help her family stabilize their finances. ‘In my mind, I’m like, okay, we get this money, we get ourselves out of this hole. We get ourselves caught up,’ she said. ‘We’re worse off than we were before EasyKnock, let’s just put it that way.'”

The Tribune Democrat in Pennsylvania. “Two people have been indicted by a federal grand jury in Johnstown for allegedly defrauding rental property investors. The two-count indictment named Paul Andrew Gulbronson, 58, and Kelly Jurado Bonilla, 35, both former residents of Hudson, Florida, who later lived in Panama. They conspired to commit mail fraud and wire fraud, and committed wire fraud, from May 2017 to June 2019, according to the indictment. Gulbronson and Bonilla owned and operated Citrona Homes LLC, which had offices in Holiday, Florida, and Johnstown.”

“Citrona’s purported business plan, as represented to some investors, was to purchase low-value, distressed or vacant properties; renovate them; ensure they complied with applicable building codes; rent the properties; and sell the properties to investors at or under market value, according to a U.S. Attorney’s Office press release. But the indictment alleges that Gulbronson and Bonilla instead used Citrona to enrich themselves – defrauding investors into purchasing unrenovated properties at prices far above fair market value, through false pretenses, representations and promises. They also allegedly made payments to investors that were supposedly rental income, when the money actually came from the sale of other Citrona properties, and falsely informed investors that property repairs and rentals were being made.”

KTHV in Arkansas. “The former owner of a troubled Little Rock apartment complex—Big Country Chateau—pleaded guilty on June 17 to engaging in an extensive, multi-year conspiracy to fraudulently obtain over $54.7 million in loans and to acquire multifamily and commercial properties. 53-year-old Aron Puretz and his Apex Equity Group reached a deal with federal prosecutors, admitting to a scheme that inflated the sale price of the Colonel Glenn complex and other properties. While Puretz used Big Country Chateau as part of his scheme, the apartments became dilapidated and dangerous. The City of Little Rock has since worked to relocate tenants after a judge forced the property into receivership.”

“In July 2019, Puretz and his conspirators acquired Big Country Chateau under a hidden identity. The Office of the United States Attorney District of New Jersey said Puretz knew the lender, Freddie Mac, would not approve him as an owner, so he used the identity of an associate instead of his own. Court documents show that Puretz’s mortgage fraud conspiracy dates back to 2016 and includes providing fraudulent purchase and sale contracts in Lakewood, N.J., and falsifying statements to the City of Eureka, Ill., to receive a property tax exemption.”

KUOW in Washington. “The market price for a place to attempt to concentrate on your work while colleagues talk loudly near your desk is dropping significantly. It’s especially bad in downtown Seattle, but honestly, it’s bad everywhere. That means office tenants can ask for a lot from their landlords. And the King County Assessor says: They’ll probably get it. Nowhere is this trend stronger than in downtown Seattle, specifically the Central Business District, Pioneer Square, and South Lake Union neighborhood, home to Amazon. The value of office towers in those places are dropping 35-40%. The sound of prices dropping like overripe plums from a tree is giving office tenants the edge in negotiations when their leases come up for renewal.”

“‘Landlords right now are scared to death of letting somebody out of a lease because they figure I’m not going to be able to get that amount from the next tenant, says King County Assessor John Wilson. And so, he says big downtown law firms and tech companies are telling their landlords: ‘I don’t need as much space, I don’t need as long a lease, and I’m sure not going to pay $45-50 a square foot. So here’s what I want: I want to pay $30 a square foot,’ Wilson says. ‘I don’t want a seven-year lease. I want a three-year lease and I want X million dollars’ worth of tenant improvements and I want it now. And you give it to me now, or I go elsewhere.'”

CTV News in Canada. “Charges have been stayed in a $7.8-million Ponzi scheme with victims in Edmonton, B.C., the U.S. and Australia. Curtis Gordon Quigley and Kathleen Treadgold were jointly charged with 80 counts of fraud over $5,000 and one count of laundering proceeds of a crime last August. The Edmonton Police Service alleges the duo was promising investors a return on investment from a real estate flipping scheme between 2008 and 2020 under the company name Group Venture Inc., but most people never saw any money. On Friday, the Alberta Crown Prosecution Service confirmed the charges against Quigley, 56, were stayed after his death in British Columbia on June 20. CTV News Edmonton has not been able to confirm Quigley’s cause of death, but the B.C. Coroners Service has confirmed it is investigating his death.”

The Paris Star. “The Bank of Canada’s decision to cut interest rates last month had little effect on the local housing market, new figures show. So far in 2024, 3,839 homes have been sold in the London area market that includes Strathroy, St. Thomas and portions of Elgin and Middlesex counties. That’s only 63 more homes than at this time last year, which ended up being the year with the fewest home sales the local market has seen since 2000. The average price for a home last month was $671,309, about $4,600 lower than a year ago. The low sales figures come as little surprise to Londoner Mario Kanoun, who said he saw little interest from buyers in the family home he’s trying to sell in the city’s Fox Hollow neighbourhood.”

“Kanoun said he bought the two-storey property bout two years ago for about $870,000. The asking price for the property was $1.1 million, but after being for sale for more than a month, Kanoun is considering pulling it from the market. ‘I had a couple of people come visit, but there were no offers,’ he said. ‘Honestly, there hasn’t been a lot of interest. Maybe it is too expensive. I think the high interest rates may be the problem.'”

“The current market conditions may be hard to swallow for people who have only been in the market during the last decade and ‘have never experienced anything but an upward trend,’ said London realtor Paula Hodgson. ‘But it’s not really a slow market,’ said Hodgson, who’s been involved in real estate for nearly 30 years. ‘You just can’t stretch for the stars with pricing right now.’ Part of the equation is the number of homes available for sale, which has been steadily increasing during the past months. In June, there were 1,510 new listings, LSTAR reported. ‘Buyers, today, they don’t want to feel they’re overpaying,’ Hodgson said. ‘So, if they’re looking at a home, and they feel like it is overpriced, they have no problem waiting and looking at other properties; there’s no urgency.'”

Mansion Global. “As the French escape to the Mediterranean to beat the heat this summer, something else is cooling off along the Côte d’Azur—luxury home prices. That has opened an opportunity for buyers looking to get good deals in a French region that’s seen as a safe long-term bet. Prices along the French Riviera dipped slightly in 2023 from the year before dipping by 7% around Cannes and 5% in St. Jean Cap Ferrat. ‘We’re seeing prices coming down a small amount,’ said Jack Harris, an agent with Knight Frank. ‘It’s by virtue of the fact that we’ve seen such growth over the last few years—it’s that wind coming out of the sails.'”

“An overheated market? Probably, argues Stephen Moroukian, head of product and proposition for real estate financing at Barclays Private Bank. ‘During the pandemic, we saw a once-in-a-generation uplift in prices,’ he said. ‘It’s right that some of that should come off proportionate to the increases that we saw.’ Despite the price deflation, buyers shouldn’t expect to get away with major price reductions—most agents are seeing the ability to negotiate 5% or 10% off the sales price, Harris said. ‘A lot of people hear ‘softening market,’ and they think they can offer half the price and they’ll get a house,’ he added. ‘Sellers don’t need to sell right now—it’s a question of selling at the right price, rather than desperation.'”

Radio New Zealand. “The subdued housing market has experienced its largest monthly drop in values in a year. CoreLogic’s House Price Index fell 0.5 percent in June – the largest month-on-month decline since June 2023. Property prices are down in most parts of the country with a quarterly drop of 0.8 percent continuing a trend of minor falls seen in recent months. Each of the main centres recorded flat to falling prices over the month, with both Christchurch and Dunedin experiencing no change in June, the best performers. CoreLogic head of research Nick Goodall said the last 12 months could be described as a dead cat bounce, with confidence perhaps misjudging the trajectory for mortgage interest rates. ‘That previous momentum stalled as high mortgage interest rates continue to restrict housing credit demand,’ he said.”

“The fall in prices experienced in our biggest city for the past month and quarter came as a surprise with Auckland values falling 1.2 percent in June to take the quarterly change to -2.6 percent. Prices in Auckland were 17 percent off the peak, with Wellington prices 19 percent off the top of the market.”

South China Morning Post. “Hong Kong home transactions plummeted more than 30 per cent in June, according to the latest official figures. And the lacklustre sales are weighing on prices, with recent new-unit launches selling poorly despite decade-low prices and prices of lived-in flats skidding to a nearly eight-year low, according to JLL. Several new developments have hit the market with prices more than 10 per cent below those of similar projects in 2015, the property consultancy said in its latest report. Worse yet, sell-through rates have failed to impress despite the discounts. ‘Hong Kong home prices have been on a race to the bottom in the last four to eight weeks,’ said Cathie Chung, senior director of research at JLL in Hong Kong.”

“In May, the average price of a new class A unit, defined as a flat with a size of less than 431 sq ft, in Yau Ma Tei was HK$20,346 (US$2,605) per square foot, a 10.6 per cent decrease from HK$22,768 in 2015. Henderson Land’s The Haddon in Hung Hom, for example, only sold a fifth of the 63 units it put on offer on the first day of sales last month. Also late last month, not one of 30 units put on sale at Continental’s Amber Place in Cheung Sha Wan sold during the launch weekend. Meanwhile, secondary home prices are also suffering, with the official price index from the Rating and Valuation Department reverting to a declining trend in May after registering a small increase in April. JLL added that more ‘supportive demand-side policies’ were needed to restore demand-supply balance and cushion the downward spiral of home prices.”

“‘Clearly, owner-occupiers are experiencing dwindling confidence in the market,’ JLL said in the report. ‘Factors such as job security and wage growth, which were once stable and reliable, have now become significant concerns.'”

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This Post Has 106 Comments

  1. ‘It is an issue occurring not just in Reno but across the country as well. Last year, just over 4 million homes were sold in the United States — the lowest since 1995, according to NAR’

    Prices at an all time high Larry.

  2. A new state law, enacted during this year’s session of the General Assembly and signed by Gov. Jared Polis, requires landlords to show cause before they can evict residential tenants.

    The CDC’s unconstitutional scamdemic eviction moratoriums were never about “public health.” The Neo-Bolsheviks intend to drive 8 million independent landlords out of business so their private equity pimps at Blackstone, etc. can snap up their distressed assets for a song, then gouge tenants with monopoly pricing.

    1. +1

      Covid was the greatest wealth transfer from the middle class and the poor to billionaires in history.

      The Federal Reserve is a domestic terrorist organization, and everyone who works for or ever worked for them should be hung for TREASON.

    2. That might be part of the plan. But, then, wouldn’t Blackstone have to contend with the same deadbeat renters? I guess a larger company can run these units more cheaply an efficiently, but it’s still risky.

      I suppose a larger plan would be for Blackstone to slumlord the places, forcing deadbeat renters into homelessness, where they can be passed onto printed state/fed gov money. Then Blackstone could tear down the decrepit assets and build new el luxe for big profits. But I don’t think these greedboys think that far ahead.

      1. wouldn’t Blackstone have to contend with the same deadbeat renters?

        Laws can be changed and amended.

        1. And remember, it is ILLEGAL for rich people to lose money in this country.

          The Parasite Class is above the law, and above any risk whatsoever of loss on their assets. They will ALWAYS be made whole, paid for by taxpayers.

  3. Last year, just over 4 million homes were sold in the United States — the lowest since 1995, according to NAR. Meanwhile, the total number of real estate agents is more than 1.5 million, according to the association.”

    Starving realtors aren’t going to waste their time marketing overpriced shacks or catering to greedheads’ galactic sense of entitlement. Price your shack to sell, or market it as a FSBO and let the months on market pile up.

  4. ‘In my mind, I’m like, okay, we get this money, we get ourselves out of this hole. We get ourselves caught up,’ she said. ‘We’re worse off than we were before EasyKnock, let’s just put it that way.’”

    All of these idiots blame everybody but themselves for their disastrous financial decisions.

  5. But the indictment alleges that Gulbronson and Bonilla instead used Citrona to enrich themselves – defrauding investors into purchasing unrenovated properties at prices far above fair market value, through false pretenses, representations and promises.

    Not gonna lie: I love seeing housing speculator scum get defrauded. The sooner the speculators are driven from the market, the sooner sanity can return.

  6. ‘Charges have been stayed in a $7.8-million Ponzi scheme with victims in Edmonton, B.C., the U.S. and Australia’

    It’s difficult to keep track of the numerous K-da ponzi schemes.

  7. On the subject of Colorado…

    I’ve lost count of the number of people I’ve talked to here who are considering leaving the state because of property taxes and insurance.

    I worked with one who just up and left with his whole family for a non coastal part of a southeast red state.

    There are pockets of rural Colorado that are still liveable (for how much longer?) but Denver, Boulder, the entire metropolitan Front Range is irredeemable.

    There’s no escaping the Doom Loop these useful idiots voted themselves into.

    1. I’m hoping we see momentum build for the 10 northern Colorado counties to break away from the Neo-Bolsheviks in Denver & join with the free state of Wyoming.

  8. ‘Honestly, there hasn’t been a lot of interest. Maybe it is too expensive. I think the high interest rates may be the problem.’”

    Wrong, Mario. Your greed is the problem.

  9. CoreLogic head of research Nick Goodall said the last 12 months could be described as a dead cat bounce, with confidence perhaps misjudging the trajectory for mortgage interest rates.

    Dead cats don’t actually bounce. Don’t ask me how I know this.

  10. “The fall in prices experienced in our biggest city for the past month and quarter came as a surprise with Auckland values falling 1.2 percent in June to take the quarterly change to -2.6 percent.

    Globalist scum media always expresses surprise or shock when they can no longer deny reality. Shack prices cratering? No one saw it coming. Biden’s “shocking” debate performance, when his spiral into dementia has been on full display for years? Real Journalists who have been covering up for Biden for years suddenly “discover” the extent of his cognitive decline. Anyone still getting their news & information from the garbage legacy media in 2024 is a few IQ points short of “moron.”

  11. Open phones segment from this morning’s Washington Journal call in show;

    https://www.c-span.org/video/?536684-2/open-forum-part-1

    Listen to the callers supporting and defending Joe Biden, if you can stomach the cringe.

    These callers are unable to articulate at beyond a third grade reading level or vocabulary, and they’re allowed to vote?

    Bring back the literacy test as a qualification to vote, and better yet, restrict voting to citizens who pay more in net taxes than they drain from the government.

    1. Bring back the literacy test as a qualification to vote, and better yet, restrict voting to citizens who pay more in net taxes than they drain from the government.

      ^^^ This. Parasites voting themselves benefits that the productive have to pay for is how former republics devolve into mobocracies presided over by rapacious oligarchs and their craven uniparty hirelings.

    2. restrict voting to citizens who pay more in net taxes than they drain from the government.

      +1

  12. France?

    CNBC (7/6/2024):

    “The vote is being closely watched by all quarters of French society to see if the nationalist, anti-immigration National Rally (RN) builds on its initial win in the first round of voting, or whether centrist and leftwing parties have been able to thwart the party’s chances of entering government.

    France’s far-right RN rejects the “extremist” label, saying it stands up for French values, culture and citizens at a time when many are fed up with France’s political establishment that’s been led by President Emmanuel Macron since 2017.

    But RN’s opponents and critics warn France is on the brink of a political catastrophe if an overtly anti-immigration, nationalist and euroskeptic party wins a majority in this snap election called by Macron after his party lost heavily against the hard-right in European Parliament elections in June. Prime Minister Gabriel Attal has said French voters now have a “moral duty” to halt the party’s advance.”

    https://www.cnbc.com/2024/07/06/france-elections-2024-rise-of-le-pen-shows-scale-of-polarization.html

    Take back your country.

    Take back all of Europe.

    1. But RN’s opponents and critics warn France is on the brink of a political catastrophe

      A catastrophe for the left, perhaps. But not for France or the French people.

      I read that the left, which is represented by parties that embrace marxism to varying degrees, is going to field only one candidate for each parliamentary seat, so as to not divide the leftist vote and increase their chances of winning seats.

  13. “Covid was the greatest wealth transfer.”

    Notice how the One World Order news never will challenge Biden on his Policies . Its just a matter of his mental status to continue the worst treasonous destruction of the USA .
    World Wars
    Invasion of Borders
    Transfer of wealth to Monopoly Corporations
    Transgender assault on youth.
    Mandatory Killer vaccines , lockdowns, etc.
    Expanding power by Treaty to UN/WHO to override
    US constitutional protections and the US Constitutional Republic.
    Destruction of small business, inflation on steroids
    Crime on steroids
    Attack on free Speech and censorship of dispute.
    Attack on 2nd Amendment
    Attack on political opponents and discrimination of Civil Rights of at least 50% of American Citizens.
    Evidence of Joe Biden involved with bribery, stealing classified documents , and Hunter crimes .
    Biden gave oil reserves to China
    Destruction of energy and agriculture and supply lines for unsustainable carbon reducing fraud.
    Basically Biden is treasonous puppet for One World Order Agenda Dictorship .

    So, its not all these insane policies that are the issue, its if Biden has the mental clarity to proceed with the destruction, looting and take down of the US.
    These criminal rigged the 2020 election to put Biden in to advance the One World Order power grab to take over the globe .
    The 2030 UN Sustainable Earth Agenda is the blueprint for a facism/communist collusion with world governments to enslave humanity, genocide humanity, deprive humanity, you will own nothing and eat bugs. A blueprint of dictorship based on fraudulent narratives of Doomsday Climate Change and global Panademics.
    A pre planned hijacking of the world for unsustainable programs and technology control over humanity with no rights or freedoms , they control all resources and consumption.
    So, they will just attack Trump , say he’s A dictator, racist, A pathological liar, and a convicted felon. But never can they defend the destruction of US and treasonous regime of Biden to advance the insurrection by the One World Order Entities, and their massive crimes against global humanity.
    Biden claiming he’s “saving democracy “is one of the more laughable claims.
    Just saying , if Biden remains or another Puppet insert is put in , like Harris, Newsom, Hilary, or Big Mike, its still a overthrow of the US Constitutional Republic by a enemy from within.

        1. Are you forgetting that millions of his voters who have been dead for twenty years voted for him in 2020 and will vote for him again in 2024?

          Democrat Party, that’s who we’re dealing with.

  14. Watch: 1982 Dan Rather’s CBS News report warning of ‘the so called greenhouse effect’ causing Florida to be flooded & a ‘widespread disruption of agriculture’

    https://wattsupwiththat.com/2024/07/05/watch-1982-dan-rathers-cbs-news-report-warning-of-the-so-called-greenhouse-effect-causing-florida-to-be-flooded-a-widespread-disruption-of-agriculture/

    42 Years Ago CBS Told The World Earth’s Temperature Was Rising Out Of Control Due To Burning Coal & Oil

    25% of Florida is about to be flooded and a “widespread disruption of agriculture” is coming

    It’s been 42 years and literally nothing has changed.

    [A transcript of the 1982 video:]

    “Concerned about rising temperatures on planet Earth heated up a hearing here in Washington today. For years, scientists have theorized about the dangers of the so called greenhouse effect, the warming of the Earth’s atmosphere due to the burning of coal and oil. And in recent months, as David Culhane reports, research has uncovered facts to support that theory.

    Many scientists claim that the temperature of the atmosphere has been rising over the past 100 years, that the great sheets of pack ice in Antarctica are melting at a much more rapid rate than previously. Finally, that the sea level has been rising with increasing swiftness over the past 40 years. If these scientists are correct, about 25% of Florida would be flooded along with low lying areas all over the world.

    Climate changes could produce widespread disruption of agriculture. The American farm belt might be too dry and the wheat and corn crops would have to move to Canada.

    Scientists blame the odorless, colorless carbon dioxide gas for these potentially dangerous changes around the planet. It is the greenhouse effect. The gas allows sunlight to filter down and warm the Earth, but like the glass of a greenhouse, the carbon dioxide tends to trap heat so that it cannot rise into space.

    The scientists maintain that the coal, oil, and gas we’ve been burning for a 100 years have produced more and more carbon dioxide and helped overheat the Earth.

    Now some political leaders endorse the demands for more C02 monitoring stations like this one in Hawaii, and they share the anger of the scientists at Reagan administration budget cuts at a time when they feel closer to getting definitive answers.

    We are not doing the kind of research that we should be doing to determine whether or not these scientists who are so alarmed are correct in their assessment.

    And what they find out will affect the lives and fortunes of millions of people, the very survival of cities like this one (See video), David Culhane, CBS News, New York.

    1. The thing about the cabal is that they have a very long term outlook and are very patient. They have been feeding us the climate change lie for 40+ years, non stop, and even though their climate catastrophes have not materialized they continue to beat the drum.

      They want to take away our cars, home HVAC, meat, dairy, travel, etc. They absolutely hate the middle class and want to eradicate it.

      Keep an eye on the UK now that the left is back in control. They are the dress rehearsal for what the cabal wants to do to us. I have middle class relatives over there who think twice about using their oven, because of the electricity cost. I’m sure the leftists will be telling them this winter to turn their thermostats down to 55F or maybe not heat their homes at all, “to save the Earth”.

      1. “The thing about the cabal is that they have a very long term outlook and are very patient.”

        Great factual post.

        1. One of my fears is that even if the orange an wins and the left loses control of the senate, it will only be a short reprieve. The cabal will return in 2028 with an updated plan and will resume steamrolling what is left of the west.

          1. This news cycle is so full of D chaos that everyone forgot just how important Trump’s running mate will be.

          2. “One of my fears is that even if the orange man wins and the left loses control of the senate, it will only be a short reprieve.”

            Like you said…

            “The thing about the cabal is that they have a very long term outlook and are very patient.”

      2. What these warmists are doing to children via the public schools and media is psychological terrorism.

        An entire generation of brainwashed Saint Greta’s, and when they grow up they start voting.

    2. like the glass of a greenhouse, the carbon dioxide tends to trap heat so that it cannot rise into space.

      That is the lie all this scaming relies upon. The inventor of the greenhouse effect proved it with a sheet of glass on a box. He was certifiably insane. Those who cite his theories are criminal.

      CO2 is not like a sheet of glass at all.

  16. Former FBI and Twitter Lawyer Jim Baker Joins Election Task Force Advocating for Social Media Censorship

    Reclaim The Net
    July 6th 2024, 10:49 am

    From presidential election to another election, to Covid – to another election. That is how members of particular, mostly flying-under-the-radar power centers in the US have been moving over the last decades.

    From time to time, however, circumstances demand that they show their faces: one is James “Jim” Baker, a former FBI lawyer whose “censorship portfolio” includes the infamous case of endorsing the Hunter Biden laptop story suppression – while he was on Twitter’s payroll.

    And while there – Baker also wanted to know how come President Trump was not censored for a post saying – “Don’t fear Covid.”

    Well, Baker also seems to be staying true to himself – unfortunately, his “truth” appears to be to never miss the chance to support the wrong thing (the “RussiaGate” saga happens to be among them). Right now, he has joined something called “the National Task Force on Election Crises.”

    It’s a crisis, alright. A crisis of online censorship that can, and does, produce multiple “election” crises and a rapid erosion of trust in legacy media and political institutions.

    https://www.infowars.com/posts/former-fbi-and-twitter-lawyer-jim-baker-joins-election-task-force-advocating-for-social-media-censorship/

    1. IMO there have been two black swans in the past election cycle: COVID evolving from Delta to Omicron very quickly, and Elon Musk buying Twitter.

    1. “70 people looted and ransacked a gas station”

      Sons of Obama.

      Who are long, long overdue to receive their reparations check.

    1. He don’t sniff, but he likes them touching his “leg hairs that turn blond in the sun” at the pool.

      Actual quote.

  20. There is growing concern over a tent encampment in a Dartmouth, N.S., neighbourhood.

    “It’s just not safe,” says Shannon O’Connell.

    She is one of many long time residents living near Northbrook Park who are feeling uneasy about a non-designated encampment.

    In the last month the encampment grew from two tents to more than 10.

    “My daughter doesn’t feel safe. She was playing over here the other day and there was a box of needles, she sees people using the bathroom, the feces, the urine,” O’Connell says. “Everybody does deserve the right to shelter and the warm place over their head, but everybody does deserve to have respect in a public place.”

    https://atlantic.ctvnews.ca/more/2024/7/5/drug-paraphernalia–open-bathroom-use-at-encampment-worrying-for.html

    2. In freaking, remote Nova Scotia. Where does one have to flee to escape this? The Yukon? Hudson Bay? Greenland?

    3. O’Connell says. “Everybody does deserve the right to shelter and the warm place over their head, but everybody does deserve to have respect in a public place.”

      Shelter isn’t a right. Sorry!

  21. The Waterloo Region Integrated Drugs Strategy (WRIDS) has issued a community drug alert (opens in a new tab)after dozens of overdoses were reported in less than a week.

    Or, A community drug alert has been issued after dozens of overdoses were reported in Waterloo Region over the last week.

    According to the Waterloo Region Integrated Drugs Strategy (WRIDS), from June 28 to July 5, there was an increase in reported overdoses or drug poisonings, with 41 cases and four suspected drug-related deaths.

    “The unregulated drug supply is unpredictable and unexpected reactions may occur,” WRIDS said in a news release.

    The Kitchener CTS Drug Checking Program has detected samples of Flubromazolam (also known as “Liquid Xanax”), Xylazine, Fentanyl analogues, Medetomidine/dexmedetomidine and Bromazolam.

    While a connection between the substances identified and the reported drug overdoses/poisonings is not known, details on these substances are included for the public’s information, officials said.

    https://kitchener.ctvnews.ca/2024/7/5/41-overdoses–four-suspected-drug-related-deaths–in-less-than-a.html

    1. I often wonder if the fentanyl crisis is deliberate, a way of culling the herd while pretending to care about those who OD.

    2. Where are all these drug addicts coming from? Yeah, I remember Nancy Reagan and her Just Say No campaign, but this has escalated so suddenly I can’t puzzle it out. I hadn’t even heard of Fentanyl until Prince died from it in 2016, and yet less than 8 years later this has spread from Skid Row to Nova Scotia.

      What were these drug addicts doing, in, say, 2016? Did they have jobs? Were they on drugs yet? Maybe drinking alcohol or on pot and only recently went for the stronger stuff?

      As long as I can remember, there never seemed to be any shortage of drugs on the streets, so I’m still not sure how the open border is making things any worse either. This is just so confusing to me.

      1. but this has escalated so suddenly I can’t puzzle it out

        Which is why I suspect it is deliberate, a way of culling the dregs from the herd. If some kids also die from an OD, they are considered acceptable collateral damage. Let’s face it, we are all acceptable collateral damage.

        1. I’m sure that mixing fentanyl in with heroin was deliberate, but nobody is forcefully injecting people with any of these drugs, not yet. At some point, every single one of these people started down the drug path; how did they make that decision? I don’t buy that they all were having surgery or chronic pain and needed percocet or whatever. Most of them look far too young to have diseases or chronic pain.

          1. Heck, it’s being mixed with weed. As for how the dregs got hooked on opiods, why do people get hooked on other drugs? Plus fentanyl is cheap and easily acquired.

          2. It is easy to think of it as a conspiracy. Remember there were addicts doing hard drugs like heroin, cocaine. Others were hooked on legalized cocaine via prescription drugs. I suspect that the cost of providing these drugs at street pricing just did not pan out. The clientele did not have the money or they could not steal enough to pay for these illegal drugs in pure form. So a cheap but deadly alternate kicked in to provide the same high. Now every one of the addicts is hooked on the higher high.

            More money and resources are spent on trying to rehabilitate the drug addicts today than ever before but the number of addicts isn’t falling.

          3. “More money and resources are spent on trying to rehabilitate the drug addicts today than ever before but the number of addicts isn’t falling.”

            Yep, it’s the Rehabilitation Industrial Complex.

  22. Residents in the Carlington neighbourhood are sounding the alarm over a continued spike in crime and drug use that they are blaming on nearby supportive housing residences operated by Shepherds of Good Hope.

    “They’re allowed to do narcotics in this facility and it’s not really supervised. They can take those narcotics off the property, do them wherever they wish, and we have had instances where individuals were doing narcotics and parks where children were, you know, so you got needles everywhere and stuff like that,” said Frank Germano, area resident.

    The residents strongly oppose the plan to build another facility nearby.

    There are currently three Shepherds of Good Hopes buildings in the area at 1053 and 1057 Merivale Rd. Down the street, another at 1095 Merivale Rd. opened last year and there are plans to build a fourth site right beside that.

    Councillor Riley Brockington has received dozens of complaints.

    “From aggressive panhandling to going on private property, private residences at all hours of the night, doorbells being rung at three, four in the morning, people who refused to leave businesses, the common theft, the open drug use in parks and bus shelters on the streets,” said Brockington.

    Representatives from Shepherds of Good Hope met with concerned residents nearby, but refused to speak to CTV News on-camera and didn’t want the meeting recorded. In a statement, a spokesperson says “Shepherds does not deny that some of our residents have contributed to unwanted behaviours and crime in the area. We are responsive to the concerns of our neighbours and take appropriate action when specific incidents are brought to our attention.”

    But Brockington says that’s not enough.

    “If you’re providing a residence and three meals a day and other supports and benefits for residents, there should be some basic expectations. And one of them is you’re not going to be an illicit drug user,” said Brockington.

    https://ottawa.ctvnews.ca/2024/7/5/residents-in-carlington-neighbourhood-sounding-alarm-over-spike-.html

  23. In an interview with CBS 8 Wednesday, U.S. Rep. Scott Peters, from San Diego, became the latest Democratic member of Congress to suggest President Biden may have to withdraw as the Democratic nominee for president after his poor performance at a recent debate.

    “As much as I love Joe Biden, in those swing states, he’s having a hard time,” Peters told CBS 8’s Carlo Cecchetto. “I think the campaign has been arrogant in their response.”

    He went on.

    “We want to know what their plan is to win this election and turn these numbers around. If they don’t have a plan, then I think we need to move in a different direction,” Peters said. Peters’ willingness to say this is a sign of just how far worry has spread among Democrats that the president cannot win re-election because of his age.

    https://voiceofsandiego.org/2024/07/05/morning-report-biden-panic-spreads-among-san-diego-dems/

    1. While the Dems were able to gaslight their faithful regarding FJB’s senility until the debate, they had to know that Joetato was ready for a nursing home.

      So what is really going on here? Do they already have the replacement selected and are just waiting for the right moment? Or did they actually believe their own lies?

      1. This didn’t start with the debate. The polls have shown what was coming for a year now. The DNC didn’t allow a challenger in the primaries. Refused to schedule debates, roughly elbowed Kennedy aside. Had those debates happened, this could have been avoided. Where is my time machine Big Mike?

        How about this is exactly what it seems to be. They screwed up, and it’s too late to do anything about it. Here’s what I find amusing: if orange man gets back in, they did it to themselves!

        1. How about this is exactly what it seems to be. They screwed up

          It is possible that they thought they could gaslight everyone, insisting that Joetato is as sharp as a tack, right up to election day.

          I will admit that I thought it was odd when they agreed to the debates., given FJB’s rapid mental decline. So either they thought he would prevail in the debate (the screw up), or it was a deliberate act to show he is senile to get rid of him.

          But as you say, it was obvious he was mentally withering during the primaries and yet he was railroaded into a the nomination. That was the time to usher him out. But who knows what they were thinking. I sure don’t, though them screwing up seems very plausible.

          1. ‘I thought it was odd when they agreed to the debates’

            They talked about it openly: the polls were so bad and getting worse so they ‘had to do something’. It should be mentioned President Trump has been campaigning hard despite the court stuff. Taking risks like going into the Bronx. Drawing big crowds is contagious.

          2. I recall talk of how sharp FJB was and how he was going to steamroll the orange man in the debate. But they had to know that wasn’t going to happen.

            As soon as the debates were announced my first thought was that FJB had little to gain and a lot to lose. He’s now so far behind the orange man that the ballot box stuffing machine might not be able to deliver. Perhaps their hubris got the best of them. FJB.

        2. Speaking of which, we haven’t heard much mention of Michelle as a replacement, not yet. Is she still a firm no, or is she holding out for a deal?

          2. Depends on how power hungry she is. As mentioned last night on Gutfeld, things are going very well for her right now: lots of money and adulation. If she runs she will be under a microscope and the Big Mike accusations will be everywhere. Plus there really is no guarantee she would win, though her chances are probably better than FJB

          3. it is so odd there are no provable pregnancy pictures. for moochelle or wendy williams

  24. Virginia Senator Mark Warner is looking to assemble a supergroup of Democratic lawmakers to force President Joe Biden out of the 2024 presidential race.

    The Old Dominion senator has told people that he no longer believes Biden has enough sway with voters to prevent another Donald Trump presidency, according to two sources that spoke with The Washington Post with the condition of anonymity.

    Warner’s spokesperson Rachel Cohen refused to either confirm or deny Warner’s current beliefs about Biden’s ability.“Like many other people in Washington and across the country, Senator Warner believes these are critical days for the president’s campaign, and he has made that clear to the White House,” Cohen told the Post.

    So far, Representatives Lloyd Doggett, Raúl Grijalva, and Seth Moulton have formally called on the president to exit the race, but many more have signaled their preference in subtler ways, including legacy politicians like Senator Sheldon Whitehouse and former House Speaker Nancy Pelosi, the latter of whom suggested that growing concern over the candidates’ ages was a “legitimate question.”

    Panic over Biden’s age and ability has consumed the Democratic Party since the president’s abysmal debate performance last week, during which he appeared dumbfounded and frail through the majority of his first 2024 match-up against Donald Trump. Since the face-off, droves of private sector leaders, donors, and consultants have urged Biden to call it quits, looking for spontaneous alternatives to a candidate that they openly describe as “comatose” and “dead.”

    https://www.msn.com/en-us/news/politics/is-this-the-beginning-of-the-end-for-joe-biden/ar-BB1puh3b

    1. I can’t wait to hear the viral clips of an angry dementia Joe hurling four lettered expletives as he’s ushered from the halls of power.

      1. “I can’t wait to hear the viral clips of an angry dementia Joe hurling four lettered expletives as he’s ushered from the halls of power.”

        Yes, but I would hate to be the glass object within “Dr.” Jill Biden’s reach the moment she hears about it.

  25. President Biden was mocked online after yet another high profile gaffe on Friday, declaring he would beat Trump “again in 2020.”

    After his widely panned performance in last week’s presidential debate, Biden campaigned in the key battleground state of Wisconsin, where he doubled down on his commitment to remain in the race.

    “You probably heard that I had a little debate last week. Can’t say it is my best performance, but ever since then, there’s been a lot of speculation, ‘What’s Joe going to do? Is he going to stay in the race? Is he going to drop out, what’s he going to do?’ Well, here’s my answer,” Biden said. “I am running and gonna win again!”

    While Biden praised the Wisconsin audience for having helped him win the election in 2020, he said there are some who are trying to push him out of the race.

    “Let me say this as clearly as I can, I am staying in the race. I’ll beat Donald Trump, I will beat him again in 2020,” he said.

    After a long pause, he added, “Oh, and by the way, we’re gonna do it again in 2024!”

    https://www.msn.com/en-us/news/politics/biden-blasted-for-gaffe-declaring-hell-beat-trump-again-in-2020-just-gets-increasingly-worse/ar-BB1pw94L

    1. The eyebrow-raising moments from Biden’s ABC interview: Doing the ‘goodest’ job he can

      President Biden claimed during the interview that he ‘shut Putin down’

      Hanna Panreck By Hanna Panreck Fox News
      Published July 6, 2024 12:22pm EDT

      The president’s comments failed to calm the storm over his debate performance. Biden at one point suggested he was doing the “goodest job” he could, according to the ABC News transcript. He also seemed somewhat unsure if he’d watched his own performance, saying, “I don’t think I did, no.”

      Stephanopoulos asked the president bluntly how he would feel in January if Donald Trump ended up winning the election and his warnings about Trump and democracy came to pass. Biden replied: “I’ll feel as long as I gave it my all and I did the goodest job as I know I can do, that’s what this is about….

      https://www.foxnews.com/media/eyebrow-raising-moments-bidens-abc-interview-doing-goodest-job-he-can

        1. So many criminals covering this up, not the least of which was Biden’s family, the MSM and the “Real Journalists”.

          Scarborough: “F-You If You Can’t Handle The Truth,” This Version Of Biden “Is The Best Biden Ever”

          Posted By Ian Schwartz
          On Date March 6, 2024

          MSNBC host Joe Scarborough on Wednesday ensured ‘Morning Joe’ viewers that we are witnessing the best “verison” of Joe Biden: “I don’t know if people know this or not, Biden used to be a hot head. Sometimes that Irishman would get in front of the reasoning, sometimes he would say things he didn’t want to say. This is — and I don’t — you know what I don’t really — start your tape right now because I’m about to tell you the truth. And F— you if you can’t handle the truth. This version of Biden intellectually, analytically, is the best Biden ever. Not a close second. And I have known him for years. The Brzezinski have known him for 50 years. If it weren’t the truth I wouldn’t say it.”

          https://www.realclearpolitics.com/video/2024/03/06/scarborough_f_you_if_you_cant_handle_the_truth_this_version_of_biden_is_the_best_biden_ever.html

  26. House Democrats ‘Bringing Out The Big Guns’ to Block GOP’s Voter ID Bill

    by Jamie White
    July 6th 2024, 4:07 pm

    House Democrats are preparing to “bring out the big guns” this week in a bid to block a Republican-backed bill that would require proof of U.S. citizenship to vote in federal elections, according to reports.

    The House is set to vote next week on the Safeguard American Voter Eligibility Act, or SAVE Act, which would require “documentary proof of United States citizenship” to vote in federal elections that could include a photo ID, passport or birth certificate.

    Of course, providing proof of citizenship would ruin designs by the Democrats to allow millions of illegal aliens to vote in the election, which is why they’re sounding the alarm to stop it.

    https://www.infowars.com/breaking-news/

    1. I bet of I could get this song into the White House I could have Joe Biden saying Cisco kid was a friend of mine before they made him drop out of the race.

  29. [CAUTION: This post is long and it is not housing related.]

    US Mainstream Media Await New Orders Now Their Big Lie About Biden Is Rumbled.

    https://www.zerohedge.com/political/us-mainstream-media-await-new-orders-now-their-big-lie-about-biden-rumbled

    The debacle that was President Biden’s performance at last Thursday’s Presidential debate divided America. Half were astonished to see someone with a crypt-keeper vibe who was obviously dazed and confused and whose language consisted mainly of mumbling nonsense that often trailed off into sheer incomprehensibility. The other half merely saw business as usual from Biden. Political pundits refer to this phenomenon as, in the words of Dilbert cartoonist Scott Adams, “one screen, two movies”.

    Much of the blame for this societal dissonance lies in the unhealthy alliance of our MSM (mainstream media composed of broadcast networks and major newspapers) and the Democrat Party. Since at least the 1990s the MSM have been operating as a propaganda arm for the Democrat Party as opposed to providing “truth to power”. The MSM are gradually losing the battle for relevance in the huge flourishing of, first, cable networks and now internet-based sites, podcasts and assorted social media, but they are still powerful in their waning days. They trashed Trump merrily during his Presidency, pushed Biden over the finish line in 2020, and have carried Biden’s water since then.

    And since 2020 the MSM have been carrying more water for Biden than the Ganges in monsoon season. Biden’s deterioration has been evident for some years and it became an issue in the 2020 election. Brit Hume, one of journalism’s grey eminences, posed that Biden was senile based on his manner, behaviour and actions. MSM “fact-checkers” protected the precious candidate. But Biden and his handlers took notice that they had been rumbled and used the excuse of Covid from early 2020 on to hide Biden away campaigning from his basement. MSM ignored his concerning demeanor completely and supported him for President in words that would have embarrassed George Washington.

    After a most unusual election came a most unusual Presidency, where the hiding away of the most powerful man in the world continued. Appearances were controlled, press conferences limited and interviews permitted only in controlled scripted environments such as with celebrities or on late night talk shows. Biden’s deteriorating physical condition, as well as his mental decline, were covered up by his handlers in a number of ways.

    This year, two events began to poke serious holes in the view that Biden is just old. Last year a Special Counsel, Robert Hur, was appointed to conduct an investigation into the finding of classified documents at Biden’s residences. He reported his findings in January. The report was not kind to Biden to say the least. He stated that Biden should not be prosecuted for the documents because a jury would not find him guilty as they would be sympathetic to the fact he was a “well-meaning, elderly man with a poor memory”. NBC News dutifully provided covering fire for this by rolling out Democrat operatives to trash both Hur and the report.

    Then there were the recent international events such as D-Day and the G7 meetings, where Biden was caught on camera spacing out and wandering off. The videos were shown on Fox News and went viral. The Associated Press stepped up for the covering fire and called them “cheap fakes”, following on from the White House reaction. A bemused Fox News said the videos “have not been cropped, they have not been sped up or slowed down or edited in any way”.

    And then came the debate. Biden had slipped in the polls against Trump due to the response from voters to seeing a candidate pursue the Kafka-esque strategy of putting an opponent on trial. And so Biden and his handlers came up with a cunning plan – to challenge Trump to a debate in an environment they believed they could control. They set the rules, selected the moderators (CNN, who had earlier supplied the questions in advance to Hillary Clinton in a 2016 debate), had no audience that would cause Biden to lose focus, and banned any cross-talk to limit Trump’s quick repartee. Biden spent seven days at Camp David prepping for the debate as if there was nothing else going on that required his attention. It was a brilliant strategy and only one thing could ruin it – the senility of the candidate. It did.

    The reaction was immediate from folks believing in Biden. Democrats and Never-Trumpers were gob-smacked. But it is fascinating how their surprise was akin to reading the last few pages of an Agatha Christie novel. Massive surprise at the unveiling of the murderer is followed by an “oh yeah” as folks think back on the clues that were there all along. These reactions showed up in polls taken over the last few days. A CBS News poll two days after the debate showed 72% of folks now believe Biden’s cognitive issues prohibit him from being President, and this includes 42% of Democrat voters.

    The immediate reactions of the MSM were different. At 10:30 that night the panicked howls of the MSNBC political pundits and “experts” mourned the death of their favoured campaign, while CNN threw ashes on the coffin. The New York Times suffered a dark night of the soul, and as the dawn broke published an editorial claiming Biden should step down. These are the guys who in March this year were taking a victory lap comparing Biden to Beethoven, Wagner and Martin Scorsese after Biden angrily shouted his way through a teleprompter speech to Congress.

    The assorted Democrat Party apparatchiks and elected representatives were even more on fire. The donors did not like seeing their investment go down the drain. Many wanted their money back. Incumbent Democrats facing election in November were all over the place, with the mood varying from total support to calls to step down. In a Presidential election year Biden is at the top of the ticket and so has the capability of dragging these guys over the finish line, as party regulars tend to vote the entire line. Or not, as the case may be.

    The White House gamely tried damage control, saying Biden was ill with a cold or suffering from jet lag after two back-to-back trips to Europe two weeks before the debate. The usually obedient White House Press Corps did not buy it.

    No word as yet from White House doctor Dr. Kevin O’Connor, who gave Biden his annual physical this year and claimed he was “fit for duty“.

    As for the Biden campaign, its response came four days later on Monday night when he addressed the nation on TV. The Supreme Court had issued a ruling on Presidential immunity when carrying out constitutional duties that essentially destroyed the strategy to tie Trump up in court for bogus charges. All Biden had to do was give a stirring speech on TV about the evil Supreme Court as a dramatic riposte to the debate nightmare. Unfortunately, Biden stank up the joint once again. His speech was only four minutes long, delivered in the trademark Biden mumble. He read both his speech and his instructions (“end of quote”) off the teleprompter. And it did not help that Biden’s face was painted with orange make-up in a vain effort to look as vibrant as his opponent.

    This story is going to take a while to play out as the Democrat Party is on the horns of a dilemma. Biden is still planning on running and if he (or those around him) want him to, he will. His delegates (over 90%) have to vote for him on a first ballot at the Democratic Convention in August, which makes him the Democrat nominee. Only pressure from Democrats, anxious about a thrashing in November if he heads the ticket, can change this. But try that with a cranky, senile, elderly man. Also, the $100 million campaign war chest he has raised so far can only be transferred to his VP, Kamala Harris. And Democrats, apart from those who want the first POC woman as President, do not want her as she is, unbelievably, more unpopular than Biden with the public. Raising that kind of money and formulating a nationwide campaign is unrealistic with just four months left. Whatever strategy is followed, one thing is clear – the MSM will support whatever path is chosen by the Democrat Party.

    Left out of all this is the state of the country. The focus at the moment is on Biden the candidate, but it is Biden as President for the next six months that is far more worrying. The MSM and Democrat Party, however, cannot waste too much time on something as trivial as the state of the nation. Not when there is an election to win.

    1. ‘The reaction was immediate from folks believing in Biden. Democrats and Never-Trumpers were gob-smacked. But it is fascinating how their surprise was akin to reading the last few pages of an Agatha Christie novel. Massive surprise at the unveiling of the murderer is followed by an “oh yeah” as folks think back on the clues that were there all along’

      Zero guts was one of the websites that said we should let the corrupt senile pedophile steal the election.

      1. “Zero guts was one of the websites that said we should let the corrupt senile pedophile steal the election.”

        I was unaware of that. Then again I am unaware or a lot of things, one of the reasons I come here.

      2. akin to reading the last few pages of an Agatha Christie nove

        One need not be Poirot nor Miss Marple to have known that FJB has been senile for years.

    2. “[CAUTION: This post is long and it is not housing related.]”

      Long, how could it be anything but long?

      I thought it was a good synopsis.

  30. ‘he’s selling his own investment properties because of some of those rules and the high cost to own townhomes and condominiums. ‘You can’t just say, ‘the lease is over’ any more,’ he said of rental properties. ‘That’s considered an eviction now, which blows my mind. … The pressure on landlords has finally made them say, ‘we’re done with this, we’ll just liquidate and see what we can do with our money,’ versus this’

    It would be awful if this predicament caused too many people to head for the exit at the same time Gordie!

  31. ‘said solar panel popularity has skyrocketed and works out for some, but that when some homeowners need to sell their houses, they are in for an unpleasant surprise. ‘Now you’re telling somebody on a fixed income that now they want to downsize, maybe they want to move into something that’s assisted living, now this investment that sounded great five years ago is going to wipe out your entire savings because you got to pay it off in order to move out of your house’

    Lots of mistakes were made during this bubble in Florida Jimmy.

  32. ‘cited the new contracts from the California Association of Realtors, which were done in response to NAR requiring agents to obtain buyer signatures on buyer representation contracts starting in August. In addition to being written in a way that is hard to understand, the changes being initiated by CAR essentially obligate the buyer to pay the buyer agent, Brobeck said. Even the changes that NAR is pushing as consumer-focused still benefit the industry more, the CFA claimed. ‘Everything is loaded in the industry’s favor in the contracts,’ Brobeck said. ‘They’re terrible and we’re recommending consumers not sign them’

    So yer saying they screwed up the reaction to the screw up in California Steve? They are know for their efficiency.

  33. ‘owner of Dickson Realty, a real estate company that operates in Northern Nevada and Northern California, pointed to the Reno-Sparks real estate sector as an example. ‘A third of the transactions went away,’ Keenan said. It is an issue occurring not just in Reno but across the country as well. Last year, just over 4 million homes were sold in the United States — the lowest since 1995, according to NAR. Meanwhile, the total number of real estate agents is more than 1.5 million, according to the association’

    ‘Assuming each sale has one seller agent and one buyer agent, that averages out to 5 home sale transactions available per agent. Brobeck remembers once surveying 2,000 agents who worked for big companies. Half of them had either one sale or no sales at all in the last year. ‘There’s a huge glut of agents,’ Brobeck said. ‘They’re desperate for clients and sales’

    That may be Beau, but prices are at an all time high. Larry said so.

  34. ‘the indictment alleges that Gulbronson and Bonilla instead used Citrona to enrich themselves – defrauding investors into purchasing unrenovated properties at prices far above fair market value, through false pretenses, representations and promises. They also allegedly made payments to investors that were supposedly rental income, when the money actually came from the sale of other Citrona properties, and falsely informed investors that property repairs and rentals were being made’

    So another ponzi scheme we’re going to be receiving new tales of woe on in the future. I’ll say it again: guberment should regulate ponzi schemes. Just make them register like everybody else!

  35. ‘The value of office towers in those places are dropping 35-40%. The sound of prices dropping like overripe plums from a tree is giving office tenants the edge in negotiations when their leases come up for renewal….‘Landlords right now are scared to death of letting somebody out of a lease because they figure I’m not going to be able to get that amount from the next tenant, says King County Assessor John Wilson. And so, he says big downtown law firms and tech companies are telling their landlords: ‘I don’t need as much space, I don’t need as long a lease, and I’m sure not going to pay $45-50 a square foot. So here’s what I want: I want to pay $30 a square foot,’ Wilson says. ‘I don’t want a seven-year lease. I want a three-year lease and I want X million dollars’ worth of tenant improvements and I want it now. And you give it to me now, or I go elsewhere’

    That’s the spirit John, kick em when they are down and headed to foreclosure!

  36. ‘The current market conditions may be hard to swallow for people who have only been in the market during the last decade and ‘have never experienced anything but an upward trend…But it’s not really a slow market’

    Yer right Paula, kids these days think you can double yer money in a year tops. It takes twice that now with these terrible Tiff interest rates!

    ‘who’s been involved in real estate for nearly 30 years. ‘You just can’t stretch for the stars with pricing right now.’ Part of the equation is the number of homes available for sale, which has been steadily increasing during the past months. In June, there were 1,510 new listings, LSTAR reported. ‘Buyers, today, they don’t want to feel they’re overpaying,’ Hodgson said. ‘So, if they’re looking at a home, and they feel like it is overpriced, they have no problem waiting and looking at other properties; there’s no urgency’

    Good job Paula, talk em down out of the tree. You have to be gentle.

  37. ‘We’re seeing prices coming down a small amount…It’s by virtue of the fact that we’ve seen such growth over the last few years—it’s that wind coming out of the sails…Despite the price deflation, buyers shouldn’t expect to get away with major price reductions—most agents are seeing the ability to negotiate 5% or 10% off the sales price, Harris said. ‘A lot of people hear ‘softening market,’ and they think they can offer half the price and they’ll get a house,’ he added. ‘Sellers don’t need to sell right now—it’s a question of selling at the right price, rather than desperation’

    This is where you earn yer commission soldier. Hold the line Jack, don’t give it away!

  38. ‘Nick Goodall said the last 12 months could be described as a dead cat bounce, with confidence perhaps misjudging the trajectory for mortgage interest rates. ‘That previous momentum stalled as high mortgage interest rates continue to restrict housing credit demand’

    HBB beat you to that long ago Nick. Yer sh!thole was the classic dead cat, post minor respiratory illness.

  39. ‘JLL added that more ‘supportive demand-side policies’ were needed to restore demand-supply balance and cushion the downward spiral of home prices…‘Clearly, owner-occupiers are experiencing dwindling confidence in the market,’ JLL said in the report. ‘Factors such as job security and wage growth, which were once stable and reliable, have now become significant concerns’

    There was a time when Hong Kong always bounced back because they were hyper capitalist. No more. Xitler ruined this island and the globalist scum allowed it. Especially the ‘royal family’ dogs.

  43. “It is an issue occurring not just in Reno but across the country as well. Last year, just over 4 million homes were sold in the United States — the lowest since 1995, according to NAR.”

    US Population
    1995 266.6 million
    2024

    1. 2024 335.9

      Rate of homes sold per capita
      1995 1 per 67
      2024 1 per 84

      Sounds like a lot of churn in either case!

    2. “Meanwhile, the total number of real estate agents is more than 1.5 million, according to the association”

      4 million homes spread over 1.5 million agents is 2.7 homes per agent. How many home sales per year does it take to make a living?

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