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It Has Been Busy In Terms Of People Who Want To list Their Places

A report from Barron‘s. “Investors are spooked by rising inventory, says Wedbush analyst Jay McCanless. The number of completed new homes for sale at the end of May was at its highest level since early 2010, census data show. ‘Builders may have started too many houses at the beginning of the year,’ because of expectations for lower rates and a better spring, McCanless says.”

Market Watch. “Lumber prices have come full circle in the years following the pandemic — reaching record highs in 2021, then falling to record lows. The drop in lumber prices, meanwhile, could also spark a surge in new home-building activity, boosting inventory for buyers, said Kim Lanham, senior vice president at Mphasis Digital Risk. Builders are ‘eager to make deals,’ unlike private sellers, she said, adding that almost one-third of builders cut home prices in June to stimulate sales, with an average reduction of 6%. Builders have been cutting prices for a year, and 61% offered incentives like closing cost credits and upgrades, Lanham said. ‘I anticipate these trends will continue into the fall as builder sentiment declines.'”

The Dallas Morning News. “The hot start North Texas home builders saw in the first three months of the year cooled slightly in the spring. Builders continued to use interest-rate buy-down programs to make homes more affordable, but selling was still a challenge. Builders of entry-level homes remained aggressive, but the market for homes above $1 million in the northern metroplex has weakened somewhat, said Ted Wilson, Residential Strategies Inc.’s principal. ‘We’re hearing from builders that traffic and sales are down 20% to 25% in a lot of neighborhoods,’ he said. ‘Those that are getting sales many times are having to sacrifice profit margin to get them.'”

The Boston Globe in Massachusetts. “Justin Harrington’s Boston-area basement was flooded with several inches of water. After a freezing day in December 2022, plumbers discovered that a pipe had burst in the crumbling house next door. A developer had purchased the home and was trying to get approval to convert it from a two-family to a three-family home. The developer paid for the repairs to Harrington’s home out of pocket. By the following spring, he was asking Harrington for help to gain neighborhood approval for the conversion. He asked Harrington to speak to a neighbor resistant to the idea. Harrington obliged, but he was unsuccessful and relayed the news to the developer.”

“His response left Harrington in shock. ‘He’s like, ‘Well, I’m going to put some people in there that you’re not going to like. I can’t make any money on a two-family home. So if I do a two-family, let’s just say you’re not going to like the people that rent from there,’ Harrington said. ‘He’s, like, ‘And the other thing I can do, not that I would do this, but I could. I can put a meth clinic there instead.’”

The Philadelphia Inquirer. “Is the ‘Shore crowd in Italy?’ Again? That’s the buzz, or rationalization, among some renters, Realtors and homeowners at the Jersey Shore, who are seeing another summer of a softening market with vacant weeks, price drops and a rising chorus of people who say they can go to other destinations. And the panic is setting in even earlier this season, with owners offering discounted weeks, incentives for last-minute bookings, and tossing out long-standing practices, like requiring renters to book Saturday to Saturday. ‘I’ll tell you that there was a lot of inventory that went unrented for people asking $30,000 a month for houses that are only worth $20,000 a month,’ said Cole Checkoff, who runs a short-term rental management website, Host House Rentals, in the Atlantic City to Ocean City area.”

“‘The world changed back to what it used to be,’ said Tara Cruser-Moss, a Realtor at Berger. ‘Internationally, people have the options they didn’t have three years ago.’ People who bought at high prices and high interest rates assuming they could make money on rentals without much effort are having a reality check. One recent investment property buyer in Sea Isle, who did not want to be identified, raised his rents this year to help cover his mortgage, and said he’s been surprised at the difficulty in filling out a full season this summer. ‘Last summer, I had the whole place rented,’ he said. ‘People were reaching out left and right. I upped my rates slightly, the highest at $3,500 to $3,750. It’s a lot of work. I’m not making a lot of profit. I thought I’d have just an easier time filling it.'”

Bangor Daily News. “Maine’s active inventory for single-family homes statewide is 74 percent higher than this time last year, according to Maine’s Multiple Listing Service. ‘It’s the beginning of a potential shift,’ Brit Vitalius, principal and owner of the Portland-based Vitalius Real Estate Group, said. ‘The market has opened up a little bit.’ It could be that the demand for homes that peaked during the pandemic is subsiding, or that we’re seeing some results from Maine’s efforts to boost housing production in recent years. Vitalius hypothesizes high mortgage interest rates prohibit buyers from entering the market. ‘The expectation that the rates would drop and you could refinance have changed,’ he said. ‘We’re in an adjustment period.'”

Celeb Tattler on New York. “Even a $10 million price reduction isn’t helping Alec Baldwin unload his sprawling Hamptons estate. The first time the property hit the market was November of last year and it carried a $29 million ask. Now, the price has dropped to $18 million after several reductions. A source close to Baldwin rejects such claims saying, ‘There is no financial strain. The rumors are not true,’ he insisted, stating unequivocally: ‘That house has been on the market for two years.'”

NBC Bay Area. “As California works toward its ambitious clean energy vision, an almost counterintuitive challenge has emerged: The state is, at times, generating more solar energy than it can handle. It’s to the point where loads of clean energy are going to waste. State regulators with the California Public Utilities Commission have taken a more controversial approach: drastically cutting financial incentives for homeowners looking to install solar. The move has outraged many in the rooftop solar industry, like Ed Murray, the president of the California Solar and Storage Association, who operates Aztec Solar outside Sacramento. The changes, he said, have been devastating for his business. He said he has laid off 10 employees over the last year.”

“‘Sales went flat, because nobody wanted it anymore,’ Murray said. ‘It was not productive or cost-effective to do solar, and we were left figuring out what do we do now.’ In making the announcement in 2022, Public Utilities Commission member John Reynolds said net metering ‘has left an incredible legacy and brought solar to hundreds of thousands of Californians, but it is also profoundly expensive for non-solar customers and was overdue for reform.’ Murray disputes that argument and says most of his clients have made annual salaries of $50,000 to $60,000, often financed through loans at a time when interest rates have also skyrocketed.”

The Globe and Mail in Canada. “The Toronto-area real-estate market tipped more decisively into buyers’ territory in June, but that has not dissuaded some sellers from launching their property in July in order to get a jump on the fall market. ‘It has been busy in terms of people who want to list their places,’ says Davelle Morrison, broker with Bosley Real Estate Ltd. She is hearing from house and condo owners who are contemplating listing now because of typical life transitions. In many cases, they figure they will have an even greater number of listings to compete with if they hold off. Often, Ms. Morrison agrees with them. This year, Ms. Morrison is urging some clients who are considering a sale to list before the fall brings a rush of new supply.”

“In the upper echelons of the market, some agents in neighbourhoods awash in listings are advising sellers against placing a ‘for sale’ sign on the lawn. ‘The condo market is quite dead,’ agrees Ms. Morrison. Soon after Canada Day, Ms. Morrison listed a three-bedroom detached house for sale near Eglinton Avenue West and Caledonia Road. She set an attention-grabbing asking price of $898,000 for the renovated home and an offer date one week later. But as the deadline approached, she was uneasy about how many buyers might step up. ‘We haven’t seen as many showings as I would have liked,’ says Ms. Morrison, who believes that many buyers are waiting to see if the Bank of Canada lowers the policy rate again at the next scheduled meeting on July 24.”

Daily Express on the UK. “The threat of Labour’s anticipated tax bombshell is already causing billionaires and multimillionaires to flee for Dubai, according to new research. This morning The Times reports that there has been a 23% fall in value in the luxury property market compared to last year, with the extremely wealthy forking out £244 million less on costly pads than in the first six months of this year. Now, luxury estate agents have said the plummet in spending by Britain’s wealthiest individuals comes amid a growing concern among the super-rich about an imminent clampdown on non-doms by new PM Keir Starmer and Chancellor Rachel Reeves. This has, in turn, already reduced how much money foreign buyers are prepared to spend in the London housing market.”

From Reuters. “Germany’s real estate industry, already in its third year of turmoil, faces more pain ahead as further companies go bust, the CEO of Germany’s largest landlord warned. The bleak assessment from Rolf Buch, the CEO of Vonovia and one of the nation’s property titans, defies hopes for an imminent turnaround as the sector goes through its worst crisis in a generation. ‘We’re going to see an extreme number of bankruptcies over the next few months, maybe over the next few years. We’re already seeing them today,’ Buch told journalists on Tuesday. ‘It is going to be bitter.'”

“Buch built Vonovia through a series of multi-billion-euro takeovers, building up a debt mountain as the property crisis struck, forcing it to sell swathes of homes. In its wake, Vonovia, which has roughly 550,000 apartments, slashed the value of its properties by almost 11 billion euros in 2023, taking the group to a 6.7-billion-euro loss, its worst ever. ‘The market for apartments is going to get worse,’ he said.”

ABC News in Australia. “Donna Corbin dreamt of a tranquil abode that would give her freedom and privacy when she decided to build a tiny home in a friend’s backyard. But a year after paying a south-east Queensland builder $42,000 — with the promise that the $52,000 home would be finished in three months — she’s still living with her family and friends in Toowoomba. Her home was never built and her last contact with builder Chris Edards was in August 2023, six weeks after she paid the money. When progress stopped, she said the excuses started. ‘We were continuously sending messages, emails, texts, just to see whether we could get traction on this,’ she said.”

“Jess Hanson from the central-west Queensland town of Tambo said trying to recoup the more than $90,000 she and her employer paid to Mr Edards had been ‘bloody heartbreaking.’ She said they had ordered six cabins in 2022 for their short-term accommodation business. After being asked to show proof that he was doing the work, Mr Edards stopped communicating with her and her lawyers. ‘It’s taxing on everything like your financial health, it’s impacted us dramatically,’ Ms Hanson said.”

“‘Local police [said] what he’s done is criminal but when it was referred to [Queensland Police fraud investigators], they just kept saying it was a civil matter,’ Ms Hanson said. ‘They said because we’ve signed a contract that’s the end of it, too bad, so sad.’ Ms Hanson said they had tried to recover money from Mr Edards through their lawyers but he had disappeared. ‘He just went to ground then, he had our money — couldn’t get a hold of him, couldn’t find him,’ she said.”

South China Morning Post. “The Ho Shung-pun family, known as one of Hong Kong’s ‘invisible rich,’ has sold four homes on The Peak for HK$1.1 billion (US$141 million), about 50 per cent lower than their worth seven years ago, to repay a loan from Gaw Capital, according to sources. The proceeds will be used to repay a private loan of as much as HK$1.6 billion due in January 2025, one of sources said. The loan, securitised against the Ho family’s properties on 46 Plantation Road, carries an interest rate in the ‘teens,’ the source added. Raymond Lee, CEO of Hong Kong, Macau and Greater China at Savills, which brokered the deal, said that the transaction price was about HK$65,000 per square foot, about 50 per cent less than what the properties would have fetched at the height of the market. This deal will put downward pressure on other luxury homes in the city, he added.”

This Post Has 65 Comments
  1. HBB warning to readers: reuters is globalist scum media that peddles conspiracy theories, election lies and mis, mal and dis-informations.

  2. ‘The number of completed new homes for sale at the end of May was at its highest level since early 2010, census data show. ‘Builders may have started too many houses at the beginning of the year,’ because of expectations for lower rates and a better spring’

    That would make them rate daters too Jay.

    1. The builder boyz build because that’s what they do. It goes against their nature to willingly not build due to market conditions. They only stop building when either they can’t get building loans from the bank or they have gone out of business.

      1. They will build until their margins are gone and then they’ll build a little more and take a bit of a schlonging on those and absorb it. Meanwhile they do their part in driving the housing market into the dumpster.

      2. I am working in Firestone in Northern Colorado all this week. The sprawl, the strip malls, the cookie cutter new housing. Is all of Weld County like this now?

  3. ‘He’s like, ‘Well, I’m going to put some people in there that you’re not going to like. I can’t make any money on a two-family home. So if I do a two-family, let’s just say you’re not going to like the people that rent from there,’ Harrington said. ‘He’s, like, ‘And the other thing I can do, not that I would do this, but I could. I can put a meth clinic there instead’

    It’s still cheaper than renting Justin.

    1. It would be a shame if something were to happen to the proposed meth clinic.

      Also, what sort of dumb*ss absentee landlord starts making threats to neighborhood residents?

      1. a potential slumlord, trying to browbeat the neighbors, is like threatening someone while holding the muzzle pointing at himself: “Don’t Make Me Shoot . . . !!”

  4. Lumber prices have come full circle in the years following the pandemic — reaching record highs in 2021, then falling to record lows.

    Oddly, it’s not a record low at all. It has touched $450 recently, but in 2009 it was below $200.

  5. another day, another off-line status from PATELCO Credit Union here in N. Sacramento, CA.

    just . . . WOW!?!

    genius hackers? bungling bankers? both ?
    I’m about ready to grab a few of my son’s gamer friends & offer them up to fix this mess. after all, teens know everything.
    as for computer hacking, they probably do.

  6. “….As California works toward its ambitious clean energy vision, an almost counterintuitive challenge has emerged: The state is, at times, generating more solar energy than it can handle. It’s to the point where loads of clean energy are going to waste. …”

    Of course, no one could of seen this coming.

    California’s brilliant government ‘forgot’ that once you generate electricity you either immediately use it or store it.

    Currently, no large scale, viable storage infrastructure exists.

    Here in SoCal (Orange County) private enterprise wants to fill the electric storage void, but government wants to shut it down.

    https://abc7.com/post/south-orange-county-residents-decry-proposal-build-battery/15029516/

    So there you have it, one branch of government says “go all electric” and another branch says “just don’t’ build any infrastructure”

    1. If there was actually a surplus, wouldn’t electricity be cheap and not expensive? Instead, they tell you to not run the washing machine and to cool the house less midday.

      1. “…If there was actually a surplus, wouldn’t electricity be cheap and not expensive?…”

        Correct.

        Fun factoid: In the early days of Nuclear Power generation (1950’s) it was calculated that electric energy would be so cheap that it wouldn’t even have to be metered.

        Fast forward to today: At least here in SoCal, what’s standing in between common sense and the consumer are the regulators.

        Thus, the laws of economics are bent and distorted.

        In fact, in California starting in 2025, so-called fixed charges will be raised from $11 to $24 for most customers.

        Welcome to California

        1. Which goes to show that all this has nothing to do with “climate change”. They want power and control over everyone else.

    1. Homes are selling below list price. That’s bad for sellers, good for buyers
      Daniel de Visé
      USA TODAY

      Homes sold below their list price at the peak of the housing season, Redfin reports, a development that could shift the real estate market to the buyer’s advantage.

      The typical home that sold during a four-week span in May and June went for 0.3% less than its asking price, according to the real estate brokerage Redfin.

      https://www.usatoday.com/story/money/2024/07/09/homes-are-selling-below-list-price/74311419007/

      1. And bad for the super schlonged that bought into the previous phase 12 months ago. I remember hearing stories at the beginning of the last bust of the super schlonged protesting outside of the builders sales offices over price cuts. What a bunch of buffoons.

  7. As recently as February, Tractor Supply Co., known for selling animal feed, pet food and lawn and garden equipment to hobby farmers, told investors that climate change was a significant threat to its business.

    Any delay or failure to meet its goals of cutting emissions 50% in six years and achieving net zero emissions by 2040 could hurt “public perception of our business, employee morale, customer or stockholder support” and its financial performance, the company said in its annual report.

    It just goes to show how captured Corporate America is, and how willing management is to repeat the woke’s delusional lies. As if a minor retailer could decrease the globe’s carbon emissions, especially as China and India build coal based power plants at a record pace. They have also all but forgotten that job #1 is to please the customer base, which has become an afterthought.

    1. Tractor Supply’s #1 investor is … drum roll … Blackrock. Blackrock threatens companies to either go woke or have their capital pulled. No wonder they had make a visible effort to go woke DEI ESG. But I’m still surprised they even tried it, given the very visible hit to Target and Bud Lite a year ago.

      However, things appear to be changing a little bit. Blackrock is losing some leverage. Not sure why, but I believe that DEI ESG is less profitable, and in an era of high interest rates, investors don’t play games. So investors, in turn, are pulling capital from Blackrock. Sounds like somebody at BR knows that TSC needs the customers more than Blackrock.

      ————
      Related article:

      Tractor Supply is ending DEI and climate efforts after conservative backlash online (6/28/24)

      “Tractor Supply said it would be eliminating all of its diversity, equity and inclusion roles while retiring current DEI goals….

      “…Eric Bloem, vice president of programs and corporate advocacy at the Human Rights Campaign, said in a statement that Tractor Supply is “turning its back on their own neighbors with this shortsighted decision.” The organization had worked with Tractor Supply to create inclusive policies and practices for years, he added.

      “LGBTQ+ people live in every zip code in this country, including rural communities. We are shoppers, farmers, veterans and agriculture students,” Bloem said. “Caving to far right extremists is only going to hurt the same folks that these businesses rely on.”

      https://www.barchart.com/story/news/27109800/tractor-supply-is-ending-dei-and-climate-efforts-after-conservative-backlash-online
      ———–

  8. A retired Seattle teacher went on an unhinged screed seemingly because he realizes Donald Trump is now likely to win the presidential election. He also appeared upset with the Supreme Court’s ruling on presidential immunity. It should serve to parents a stark reminder of the startling and dangerous left-wing indoctrination happening in schools across Washington and around the country.

    In a Tacoma News Tribune editorial, Michael McSweeney extended an overdramatic and self-serving “apology” to his former students. He explained he let them down when teaching them that Supreme Court justices would step in to remove any “bad, dangerous person” from becoming president “before they could do much damage.”

    He further said he “never dreamed a Congress with so many frightened and ignorant members could all be elected at the same time and would band together to do whatever it took to keep Trump in office.”

    The editorial is shockingly ignorant. It’s filled with fundamental misunderstandings of government, revealing his profound disconnection from reality and his susceptibility to leftwing hysteria.

    McSweeney began by claiming he “lied” to his students after he said he misled them about the U.S.’ unique strength — its constitution and the system of checks and balances.

    The teacher, who taught from 1974 through 2017 in both Los Angeles and Seattle, nostalgically recalled teaching that “no bad, dangerous person could get elected president because the Congress and the Supreme Court would get them out of office before they could do much damage.”

    This sentiment, while perhaps superficially reassuring, is historically naïve and grossly oversimplifies the complexities of American governance. It’s also just plain wrong. Our system is designed to balance power, not to preemptively eject elected officials based on subjective perceptions of their character.

    If it were up to Congress to expel “bad, dangerous” people, Joe Biden wouldn’t still be in office. But since McSweeney finds Trump “evil,” we’re supposed to believe that it was up to the Congress and Supreme Court to handle it.

    “I never could have imagined one person as evil and dangerous as Trump could ever be elected president,” McSweeney lamented.

    This statement is not only hysterical, but also dismissive of the democratic process.

    By framing his regret in such partisan terms, McSweeney revealed his inability to separate his political views from his role as an educator. He claimed, “It never crossed my mind how corrupt and off-the-rails the Supreme Court could become,” yet fails to acknowledge that his own ideological rigidity is what’s truly problematic. An educator’s duty is to foster critical thinking and present balanced perspectives, not to propagate personal political vendettas. Yet how many parents can say their child’s teachers are accomplishing this?

    McSweeney’s “apology” is an unhinged rant that exemplifies why parents should remind educators that they must strive to present balanced views and foster critical thinking, rather than succumbing to the temptation of ideological indoctrination.

    https://mynorthwest.com/3963789/rantz-seattle-teacher-unhinged-freakout-donald-trump/

    1. “I never could have imagined one person as evil and dangerous as Trump could ever be elected president,” McSweeney lamented.

      And I could never imagine that a foreign country’s lobby could draw the U.S. into a religious war on the other side of the planet.

    2. These folks are still living in 2017. They screech about all the awful things Trump is gonna do if he becomes President. I guess they were all drugged out during the time that Trump WAS President. All Trump did was fix the economy and the border and use those oh-so-awful mean tweets to fend off America’s enemies.

    3. upset with the Supreme Court’s ruling on presidential immunity

      If SCOTUS had ruled otherwise, then any Congress could put any President on the hook for things like blowing up weddings.

  9. On MSNBC, they’re convinced that the Supreme Court ruling on presidential immunity will finally usher in the long-feared Trump Dictatorship, though I’m almost certain the Supreme Court explicitly limited the immunity to presidential acts authorized, or even required, by the Constitution.

    As liberals carry on about the conservative majority on the court, I direct your attention to the three liberals on the court, Sonia Sotomayor, Elena Kagan and Ketanji Brown Jackson — aka “Girls in Robes Gone Wild” — and what a majority of them would mean for our country.

    In City of Grants Pass v. Johnson, the court was asked to decide whether the “homeless” (in the sense that “I am Hope Diamondless”) have a constitutional right to camp anywhere they please. Thankfully, a majority of justices found no such right in the Constitution.

    But the dissenters concluded, Yes! Mentally ill drug addicts have total immunity from any local health and safety ordinances.

    To illustrate how bonkers this is, consider that both the crazily woke governor of California, Gavin Newsom, and the certifiably woke mayor of San Francisco, London Breed, pleaded with the Supreme Court to allow them to shut down homeless encampments. That has been impossible since 2019, when the 9th Circuit — and the 9th Circuit alone — ruled in Martin v. Boise that “the Eighth Amendment prohibits the imposition of criminal penalties for sitting, sleeping or lying outside on public property for homeless individuals.”

    No other circuit in the nation agreed. Almost immediately, homelessness exploded in cities and towns throughout the 9th Circuit.

    We don’t have to speculate about the unintended consequences the liberal justices’ policy preferences would unleash on the country. Less than 20% of the U.S. population lives within the 9th Circuit, but 42% of the “homeless” do. In Boise alone, homelessness doubled within two years of the ruling in Martin. Boise!

    Contrary to the three justices comfortably ensconced in their chambers 2,000 miles away, governors and mayors, such as Newsom and Breed, say the homeless encampments are hotbeds of sexual assault and sex trafficking, that they proliferate in the “poorest and most vulnerable neighborhoods,” and that they pose a particular danger to children and the disabled who have to navigate sidewalks jam-packed with drugged-out freaks. (I would add that the homeless are notoriously bad at separating their recyclables.)

    How nuts are the three liberal justices? They’re well to the left of a California Democrat.

    But these robed dingbats think they know better than governors, mayors, district attorneys and sheriffs — you know, the people who actually have to deal with the homeless on a daily basis. (It seems relevant at this juncture to recall that Harvard Law professor Larry Tribe warned President Barack Obama that Sotomayor is “not nearly as smart as she seems to think she is.”)

    Sotomayor claimed that “homelessness,” as we now call rank degeneracy, is “due to complex and interconnected issues, including crippling debt and stagnant wages; … and rising housing costs coupled with declining affordable housing options.” Elsewhere, she blamed homelessness on “[n]atural disasters … climate events … floods … and snowstorms.”

    Um, hello? Did we forget “systemic anti-homelessism”?

    Back on planet Earth, “homelessness” is pretty much due to indolence, mental illness and drug use — mostly drug use, which causes both mental illness and a lack of industriousness. Talk about “intersectionality”! Look at the intersectionality of not having a job, not paying your bills, and getting stoned out of your mind all day long, every single day of your life.

    After clearing a homeless encampment along the Santa Ana River in 2018, the Orange County clean-up crew had to haul away thousands of pounds of human waste, almost 14,000 hypodermic needles and more than 400 tons of garbage.

    Was it a lack of “affordable housing options” that drove these otherwise responsible adults to defecate in public, toss their garbage on the ground and inject themselves with illegal narcotics? Show me the decision tree that leads from “a snowstorm” to living on the street and shooting fentanyl.

    Sotomayor reached her legal conclusion through the sort of sophistry that just makes a normal person angry.

    It goes like this: The Eighth Amendment prohibits the infliction of “cruel and unusual punishments”; being a homeless drug addict is a “status” completely out of the control of the homeless drug addict; and because sleep is a biological necessity, to punish the “homeless” for sleeping outside is punishing them for their status, which is “cruel and unusual” under the Eighth Amendment.

    See? You want to strangle her. (But don’t do it. Only a sitting president has the legal right to strangle a Supreme Court justice.)

    This is wrong on every possible level. First, the punishment — the allegedly “cruel and unusual” punishment — happens to be a series of fines, leading, eventually, to 30 days in jail. You heard me right: The punishment for lying in a pool of your own excrement on a public sidewalk is 30 days in a clean, comfortable cell with a toilet, a cot, a blanket, showers and three squares a day. What’s the punishment for repeat offenders? Summering at George Clooney’s villa on Lake Como?

    Second, homelessness is not just bad luck, like being struck by lightning. It’s the result of a dissolute lifestyle, taking drugs and stubbornly refusing to get a job.

    Third, the Eighth Amendment forbids certain punishments; it doesn’t say anything about what can be made a crime. The “cruel and unusual” language comes from a clause in Britain’s 1689 Bill of Rights that was a response to the Spanish Inquisition. Criminalize whatever you want, but the punishment absolutely cannot be the rack, the wheel, knee splitters, thumb screws and so on.

    That’s it.

    But with just two more votes on the court, these deranged justices would turn every city in America into a dystopian nightmare where zombie drug addicts crap outdoors and get high all day.

    Of course, that’s nothing compared to Trump dropping MOAB bombs on his political opponents — so get back to those fascinating hypotheticals, American journalists.

    https://townhall.com/columnists/anncoulter/2024/07/10/columnistsanncoulter20240710scotus-girls-gone-wild-the-right-to-crap-in-the-streets-n2641687

  10. During my 10 years of hardcore drug addiction and intermittent chronic homelessness on the streets of Los Angeles—and by hardcore, I mean sleeping with a metal pipe between my legs on Skid Row—I lived out nearly every consequence of my heroin habit aside from death. Just like thousands of other addicts scattered across major American cities today, I was mostly allowed to break the law with impunity and slowly die in public view. But why? Why did we go from viewing addiction as a treatable disease to effectively promoting and abetting it?

    In 1987, the American Medical Association (AMA) decided to label addiction as a disease; prior to that, it was handled as a criminal matter. At the time, this was quite progressive, a true social justice win for drug addicts that led to a medically-supported emphasis on recovery. And yet, in recent years, the radical neo-progressive movement has taken the homeless-addict class under its wing and entirely removed recovery from the equation—removing along with it any intention of actually fixing the problem.

    It’s part of a trend. Social justice never seems to to solve anything; it’s merely a dishonest framework obsessed with manufacturing blame, which is always assigned to some sort of systemic problem. That’s why they can’t solve anything: Solving the problem from within “the system” would dismantle the entire ideology.

    Instead, their radical policies in the realm of homelessness and addiction have only exacerbated both issues. The only visible “achievement” of places like San Francisco where the problem is most acute has been keeping both epidemics on life support. Billions of dollars have been laundered through the homeless-industrial complex, and many thousands of lives have been sacrificed. The local government has almost entirely outsourced the maintenance of homelessness and addiction to radically progressive nonprofits—to the tune of 1.1 billion dollars in 2021 alone. This was more than a 500 percent increase since 2016, despite homelessness increasing by 64 percent in the same timeframe.

    Since then, spending has only increased, while the city’s homeless population has continued to grow. Meanwhile, drug overdose deaths in San Francisco rose by 24.5 percent, to a whopping 806 last year, despite the city having the largest per-capita budget for “Harm-Reduction” in the country. The city also has the highest rate of overdose deaths, at 80 per 100,000 residents.

    These are the kinds of numbers you get when an anti-social political movement co-opts homeless and addiction policy. Recovery and addiction treatment have been completely abandoned in exchange for a billion-dollar-a-year hospice program for homeless addicts to publicly die in slow motion.

    Fortunately, I managed to sober up for good in 2018. I got off the streets just in time. Not only would the onslaught of fentanyl come to dominate the illegal drug market just a year later, but these cities’ faux-progressive policies have only continued to add fuel to the fire.

    During my tenure of debauchery, the foundation was laid with Prop 47 in 2014 and SB 1380 shortly after. Prop 47 allowed me to shoplift with impunity, which provided me up to $300 a day to grow my habit. SB1380 ended state funding for recovery-based housing programs that required sobriety, turning many rehabilitation and shelter options on Skid Row into unofficial drug dens. I was stuck with nothing to grab onto besides enough state-sanctioned rope to hang myself with.

    A six-month jail sentence that I received for defending myself against a mugger allowed me to break my physical addiction to heroin for the last time, but the mental obsession persisted. After a few brief relapses, I wound up at a long-term, truly nonprofit rehab in North Hollywood where my entire life changed. Not only was I fully immersed in a community of hundreds of recovered addicts, I was given ample therapeutic treatment that instilled a lasting psychic change. I also received free recovery-based housing while getting the support I needed to gain meaningful employment. Even after securing a decent-paying construction job, I was allowed to continue living at the center.

    A sense of self-worth developed as I built up a small nest egg before moving to a half-way house up the street. This in turn laid the foundation for me to slowly reintegrate back into society. By the time I was two years sober, I was living a fully-independent and productive life.

    The fact that it took me so long to get actual help inspired some pertinent questions: Why was I never mandated to a long-term program in 2011 when I first became homeless on Skid Row?

    Why did it take many years of incessant criminality to finally wind up in jail for long enough to kick my habit?

    Why aren’t we taking the billions of dollars we waste every year and building recovery compounds and job-training centers for the tens of thousands of homeless addicts in California and elsewhere?

    Why are we handing out free tin-foil and crack pipes to people disintegrating in the gutter, rather than mandating them to long-term, comprehensive treatment?

    Because these actions would actually put a dent in the problem, and social justice isn’t in the business of solving problems; it’s in the business of perpetuating them in the name of “dismantling the system.”

    https://www.msn.com/en-us/health/other/i-almost-died-thanks-to-progressive-drug-policies-addiction-in-the-age-of-social-justice-opinion/ar-BB1pKERB

    1. When open drug use and burglary were felonies those who were convicted became eligible for federally funded recovery programs. When progressives changed the above felonies to misdemeanors those convicted no longer qualified for federal help.

    2. I think part of them problem is that the newer drugs are so much stronger and deadlier than the older ones, so rehab just doesn’t work as well as it used to. A one-and-done stint at Betty Ford doesn’t cut it now. It took 5 years and a couple tries for this man to get sober, and even then he still lives at a shelter. And he’s lucky he’s got that construction job. Nobody is going to hire an addict when they can get someone for 1/2 price at Home Despot.

      I wonder how he started on these drugs in the first place.

      1. From his website:

        Jared Klickstein was born in Boston, Massachusetts in 1989 to heroin-addicted parents. He spent his teenage years outside of Oakland, California after being adopted by his aunt and uncle. He attended UC Santa Cruz where he got addicted to heroin himself, dropped out, and spent nearly ten years chronically homeless and addicted around the country.

        1. He attended UC Santa Cruz where he got addicted to heroin himself,

          AKA Uncle Charlie’s Summer Camp

          1. Once upon a time UC Santa Cruz did not grade students, and it gained the reputation of being the UC party school, where unlike UCLA, UCSD, Berkeley, Irvine, etc. you didn’t have to work hard to get a degree. I believe that was discarded a long time ago.

            Anyway, back then students at other UC campuses referred to UC Santa Cruz as Uncle Charlie’s Summer Camp. Word was a lot surfers went there.

          2. “Once upon a time UC Santa Cruz did not grade students…”

            Ditto for Evergreen State in Olympia, WA.

          3. These places are social justice warrior camps for sure. I think that being arrested at a protest is a requirement for graduation. And if you have a rap sheet, the only job they can get is as an activist at a social justice warrior non-profit or NGO anyway. They would never survive a job with fitness for duty testing.

  11. I find it fascinating that so many publications are talking about the “party elite” and “Democratic leaders” who are trying to get President Joe Biden to bow out and not run for re-election. The reality is that the national Democratic Party “elite” is largely big donors who control the establishment and people who work with them.

    Democrats argue that lot of people will suffer if Donald Trump wins in November—but those big donors aren’t among them. The very, very rich, particularly in tech and finance, who have become the elite of the party, are not going to lose their health insurance, or their retirement money, or become homeless.

    There’s a really interesting story by Jason Zengerle in The New York Times Magazine this weekend about Rep. Marie Gluesenkamp Perez, who won what many consider the biggest political upset of 2022, winning as a Democrat in a traditionally Republican district in Washington State.

    Perez, who ran an auto-repair shop before getting elected, has voted with the GOP on some issues; she opposed the student loan forgiveness program, in part because most of her constituents have no college degrees. Here’s what struck me:

    ‘Democrats have been working through the stages of grief about their loss of working-class voters for the past two decades. When George W. Bush was in the White House and Thomas Frank’s “What’s the Matter With Kansas” sat on every Georgetown bookshelf, the Democrats were in denial, complaining that right-wing Svengalis had hoodwinked the working class into voting against their own interests by plying them with contrived cultural grievances. Next came anger, the purest form of which was Hillary Clinton’s 2016 presidential campaign and her “basket of deplorables” label for Donald Trump supporters. After Clinton’s defeat came Democrats’ bargaining phase, as they tried to accommodate the rise of Senator Bernie Sanders and the belief that he, and politicians like Representative Alexandria Ocasio-Cortez, signified a latent interest in socialism among working-class voters. But in trying to defang Sanders and his fellow insurgents, the Democratic establishment tended to adopt only the most performative socially liberal policies while rejecting ones that might actually threaten or change the neoliberal economic regime. In the process, Democrats seem to have only alienated working-class voters even more.’

    I still believe Sanders would have defeated Trump. He also would have threatened the rich people who have been comfortably controlling the party since at least the Clinton era. (This happened in part because Ronald Reagan and globalization broke the labor movement; labor used to fund Democrats. So the party went to Wall Street instead.) Better to lose to Trump than risk Sanders.

    The politicians I trust and respect are the ones who entered this realm because they care about issues and causes—and understand that the movement is more important than their careers. I respect people who are willing to say that someone else might be more effective at a job that moves the agenda forward, who see elective office as a means to an end, not personal power and glory.

    Biden may drop out. He may be replaced—with Kamala Harris, or Gavin Newsom, or Gretchen Whitmer, or someone else who will have similar politics. But it won’t be anyone who “might actually threaten or change the neoliberal economic regime.”

    Which might mean that the three out of five voters who don’t have a college degree, and who have suffered and continue to suffer under neoliberal economics, will not be a loyal Democratic voter base.

    The national Democratic Party doesn’t seem willing to talk about that.

    https://48hills.org/2024/07/media-week-joe-biden-the-party-elite-and-the-reality-of-big-political-money/

  12. A top Manhattan Democrat warned Wednesday that President Biden’s plummeting poll numbers in deep blue New York indicate that the Empire State will be “a battleground” in the 2024 election.

    “We’re still acting like this is a one-party state, which for pretty much 20, 25 years it has been,” Democratic Manhattan Borough President Mark Levine told Politico. “I truly believe we’re a battleground state now.”

    A Siena College poll released in June – prior to Biden’s disastrous CNN debate against former President Donald Trump – found the 81-year-old president with only a single digit lead over Trump in New York.

    Biden’s 8 point advantage (47% to 39%) is a far cry from his resounding 23 point margin of victory in New York four years ago.

    Similarly, an Emerson College poll released in May found Trump, 78, only trailing Biden by 6 points in the Empire State and winning over independent voters by a 10 point margin, 43% to 33%.

    Levine warned that Biden’s waning popularity in New York could be devastating for down-ballot Democratic House candidates in the state’s swing districts.

    “The implications for control of Congress are real enough that I think this needs more national attention,” Levine said.

    Former Nassau County Executive Laura Curran argued that New York Democratic candidates must distance themselves from Biden on the campaign trail.

    “If I’m a Democrat in some of these suburban races, I’d run the hell away from Joe Biden,” she told the outlet.

    “He’s only got anchors,” another high-level New York Democrat anonymously told Politico of the embattled president.

    Rep. Pat Ryan (D-NY) on Wednesday became the eighth House Democrat to call for Biden to end his re-election bid, arguing that the commander in chief “is no longer the best candidate to defeat Trump.”

    New York City area earlier this year, including a rally in South Bronx that drew between 8,000 and 10,000. The events came as he faced trial in Manhattan for falsifying business records and was found guilty on 34 felony counts involving “hush money” payments.

    Trump also held a massive rally Wildwood, NJ, in May, which drew about 100,000 people, and aimed to show that the former president can be competitive in traditionally Democratic voting areas.

    A Republican presidential candidate hasn’t won New York in the general election since 1984, when President Ronald Reagan beat former Vice President Walter Mondale by an 8-point margin.

    New Jersey was last won by a Republican presidential candidate in 1988, when George H. W. Bush carried the Garden State.

    https://www.msn.com/en-us/news/politics/top-nyc-democrat-calls-ny-a-battleground-state-as-trump-nears-biden-in-polls/ar-BB1pLAQF

    1. ““If I’m a Democrat in some of these suburban races, I’d run the hell away from Joe Biden,” she told the outlet.”

      The downticket Dems will be hurt more by Dems not turning out than outright switching to pull the R lever.

      1. Now the problem is the senile corrupt pedophile. It isn’t the drug and pooped splattered cities!

        Did Biden Say He Was F**king The NATO Secretary General’s Wife?!?

        The Jimmy Dore Show

        3 hours ago

        Not content to rest on the laurels he stumbled and stammered all over during the recent presidential debate, Joe Biden is taking his mumbling, bumbling campaign to new event, including the current NATO summit. While speaking Biden uttered lines that sounded suspiciously like he was claiming to have slept with the NATO secretary general’ wife while referring to the man, Jens Stoltenberg, as a “wigger.”

        Jimmy and Americans’ Comedian Kurt Metzger discuss just what Biden was trying to say and the challenges of trying to interpret the President’s speeches into sign language.

        https://www.youtube.com/watch?v=6P1-B6dyIhE

        7:26.

        1. That former WH stenographer said it was holy hell trying to record Biden’s rants and inanities when he had that position.

          I like Kurt Metzger; he’s really well informed on “conspiracy” theories.

          It’s 116º here in Las Vegas. Went down to see my cat at the vet and shop afterward. I couldn’t do it 🔥

  13. DARIEN GAP, Panama—Thousands of migrants streamed into Panama through the treacherous jungle of the Darién Gap last week, with many fearing that the route will be shut down, thereby dashing their hopes of reaching the United States.

    The influx of migrants intent on crossing the U.S. southwest border unlawfully came as Panama’s new president, Raúl Mulino, took steps to stop the flow through the Darién Gap.

    On July 1, the same day that he took office, Mr. Mulino forged a deal with the United States to pay for repatriation flights for migrants entering Panama on their way to the United States.

    Migrants expressed desperation and sometimes frustration at the idea that Panama would close the dangerous passageway from Colombia.

    In February, The Epoch Times visited the four migrant camps located in Panama, where migrants who had just made it out of the Darién Gap described lawless gangs, whose members robbed, raped, and murdered, along the route.

    Of the migrants exiting the Darién Gap over a four-day period last week, at least 700 were Chinese nationals who made their way into camp Canaán Membrillo in Panama.

    The more-affluent Chinese migrants use the Carreto route to get to Canaán Membrillo.

    The Carreto route is used by smuggling organizations to move migrants into Panamanian territory by sea before docking and taking a shorter jungle trail by foot.

    Several migrants who spoke with The Epoch Times said they are making their journey to America now because they fear President Joe Biden’s term is ending. “He’s going, so I’m coming,” one Chinese migrant said.

    Many said they would vote for President Biden if given the chance. One of the Chinese migrants said he would vote for former President Donald Trump if he could “because Trump is more tough” on the Chinese regime.

    He said he believes that some Chinese nationals crossing into the United States are Beijing spies.

    At Panama’s Bajo Chiquito migrant camp, one Indian national who gave his first name as Monish said he is concerned that he could be deported if former President Trump is reelected.

    Monish believes it is legal to walk into the United States because his friends who have already done so told him that the U.S. Constitution says that “no human is illegal.”

    “Joe Biden is a very good person. He’s very helpful for immigrants,” Monish said.

    Panama began placing razor wire inside the dense jungle, cutting off some routes used by human smugglers.

    Mr. Mulino, the country’s 65-year-old former security minister and new president, promised to shut down the migration route controlled by criminal organizations.

    “I won’t allow Panama to be an open path for thousands of people who enter our country illegally, supported by an international organization related to drug trafficking and human trafficking,” he said during his inauguration speech.

    However, Panama will not be getting help from its neighbor Colombia.

    The Ombudsman’s Office of Colombia put out a statement cautioning Panama to not violate the “mobility rights” of migrants.

    Nongovernmental organizations (NGOs)—many of which have received millions in U.S. taxpayer dollars—embedded in Panama help migrants with food, shelter, medical aid, and maps at the migrant camps.

    One NGO, Human Rights Watch, cast doubt on Panama’s ability to close the Darién Gap completely and feared it would force migrants to find more dangerous routes.

    “Whatever the reason for their journey, migrants and asylum-seekers crossing the Darién Gap are entitled to basic safety and respect for their human rights along the way,” said Juanita Goebertus, Americas director of Human Rights Watch.

    https://www.theepochtimes.com/article/fearing-new-panama-president-will-block-key-route-to-us-migrants-flood-darien-gap-5682956

    1. Migrants expressed desperation and sometimes frustration at the idea that Panama would close the dangerous passageway from Colombia.

      Watching the Free Sh!t Army train pull out of the station without you aboard could be frustrating.

    2. The latest propaganda piece is that a majority of the Biden illegals have secured employment. So they’re saying that our feeble job market has somehow quickly absorbed millions of unskilled and even illiterate people?

      1. They may have secured work permits, but I doubt they’re securing any work. All the jobs at this level were already saturated with illegal immigrants 10 years ago.

          1. The narrative is that they are all hard working, self sufficient and have jobs.

            Fact is, lots of older Americans genuinely believe they have a God-given right to pay $7 an hour to labor.

            These illegals have jobs. They just aren’t legal jobs. Lots of well-off older people hire them to mow their lawns and stuff.

  14. Megyn Kelly Breaks Down the Democrats’ Total Meltdown and Panic Mode After Biden Debate Debacle

    1 hour ago

    Megyn Kelly opens the show by discussing the Democrats’ ongoing meltdown and panic over Biden’s debate debacle, Press Secretary Karine Jean-Pierre’s history of lying and cover-ups, the media suddenly getting mad after years of lies, whether former President Obama is trying to push Biden out behind the scenes, and more.

    https://www.youtube.com/watch?v=pE1WeTCc66c

    24:45.

  15. ‘Builders are ‘eager to make deals,’ unlike private sellers, she said, adding that almost one-third of builders cut home prices in June to stimulate sales, with an average reduction of 6%. Builders have been cutting prices for a year, and 61% offered incentives like closing cost credits and upgrades, Lanham said. ‘I anticipate these trends will continue into the fall as builder sentiment declines’

    ‘Builders of entry-level homes remained aggressive, but the market for homes above $1 million in the northern metroplex has weakened somewhat, said Ted Wilson, Residential Strategies Inc.’s principal. ‘We’re hearing from builders that traffic and sales are down 20% to 25% in a lot of neighborhoods,’ he said. ‘Those that are getting sales many times are having to sacrifice profit margin to get them’

    Build boys, build!

  16. ‘I’ll tell you that there was a lot of inventory that went unrented for people asking $30,000 a month for houses that are only worth $20,000 a month’

    Sux to be you if you got a mortgage Cole.

    ‘The world changed back to what it used to be’

    That would have been a good title Tara, thanks for playing

    ‘People who bought at high prices and high interest rates assuming they could make money on rentals without much effort are having a reality check. One recent investment property buyer in Sea Isle, who did not want to be identified, raised his rents this year to help cover his mortgage, and said he’s been surprised at the difficulty in filling out a full season this summer. ‘Last summer, I had the whole place rented,’ he said. ‘People were reaching out left and right. I upped my rates slightly, the highest at $3,500 to $3,750. It’s a lot of work. I’m not making a lot of profit. I thought I’d have just an easier time filling it’

    I know yer in a rough patch recent investment property buyer. And not tomorrow or the day after, but maybe in a week or a month from now, you’ll see. All this toilet scrubbing made you a winnah!

  17. ‘It’s the beginning of a potential shift…The market has opened up a little bit’…‘The expectation that the rates would drop and you could refinance have changed…We’re in an adjustment period’

    Jerry broke it off in the rate daters a$$ Brit.

  18. ‘Even a $10 million price reduction isn’t helping Alec Baldwin unload his sprawling Hamptons estate. The first time the property hit the market was November of last year and it carried a $29 million ask. Now, the price has dropped to $18 million after several reductions. A source close to Baldwin rejects such claims saying, ‘There is no financial strain. The rumors are not true,’ he insisted, stating unequivocally: ‘That house has been on the market for two years’

    Two years Alec, just sitting there bleeding cash like a stuck pig. Don’t give it away!

    1. He’s worth $70 million, I assume that includes the real estate. How much $$ does it cost to raise 7 small children if daddy doesn’t have a job?

  19. ‘said net metering ‘has left an incredible legacy and brought solar to hundreds of thousands of Californians, but it is also profoundly expensive for non-solar customers and was overdue for reform.’ Murray disputes that argument and says most of his clients have made annual salaries of $50,000 to $60,000, often financed through loans at a time when interest rates have also skyrocketed’

    So most of yer customers are a bunch of broke a$$ Californians Ed.

  20. ‘It has been busy in terms of people who want to list their places’…She is hearing from house and condo owners who are contemplating listing now because of typical life transitions. In many cases, they figure they will have an even greater number of listings to compete with if they hold off. Often, Ms. Morrison agrees with them. This year, Ms. Morrison is urging some clients who are considering a sale to list before the fall brings a rush of new supply’

    Yer talking a lot Davelle, but I haven’t heard you mention the shortage.

    ‘In the upper echelons of the market, some agents in neighbourhoods awash in listings are advising sellers against placing a ‘for sale’ sign on the lawn. ‘The condo market is quite dead’

    Are we there yet?

  21. ‘We’re going to see an extreme number of bankruptcies over the next few months, maybe over the next few years. We’re already seeing them today…It is going to be bitter’…Buch built Vonovia through a series of multi-billion-euro takeovers, building up a debt mountain as the property crisis struck, forcing it to sell swathes of homes. In its wake, Vonovia, which has roughly 550,000 apartments, slashed the value of its properties by almost 11 billion euros in 2023, taking the group to a 6.7-billion-euro loss, its worst ever. ‘The market for apartments is going to get worse’

    You really got schlonged Rolf, how do you even still have a job?

  22. ‘Jess Hanson from the central-west Queensland town of Tambo said trying to recoup the more than $90,000 she and her employer paid to Mr Edards had been ‘bloody heartbreaking.’ She said they had ordered six cabins in 2022 for their short-term accommodation business. After being asked to show proof that he was doing the work, Mr Edards stopped communicating with her and her lawyers. ‘It’s taxing on everything like your financial health, it’s impacted us dramatically’

    ‘Local police [said] what he’s done is criminal but when it was referred to [Queensland Police fraud investigators], they just kept saying it was a civil matter,’ Ms Hanson said. ‘They said because we’ve signed a contract that’s the end of it, too bad, so sad’

    Well you do have a mighty a$$ pounding story to tell Jess, if that’s any consolation.

  23. ‘The Ho Shung-pun family, known as one of Hong Kong’s ‘invisible rich,’ has sold four homes on The Peak for HK$1.1 billion (US$141 million), about 50 per cent lower than their worth seven years ago, to repay a loan from Gaw Capital, according to sources. The proceeds will be used to repay a private loan of as much as HK$1.6 billion due in January 2025, one of sources said. The loan, securitised against the Ho family’s properties on 46 Plantation Road, carries an interest rate in the ‘teens’

    Some of the interest rates these ‘invisible rich’ were paying were way over 20%. Must be sound borrowers!

  24. A Lifetime Of Planning Is All Screwed Up (York Region Real Estate Market Update)

    Team Sessa Real Estate
    17 minutes ago VAUGHAN

    In this episode we take a look at the current Vaughan Home Prices, Richmond Hill Home Prices & Markham Home Prices and real estate market trends for week ending July 3, 2024. We also discuss the difficult situation people are put themselves in when they plan their entire financial plans around their primary residence.

    https://www.youtube.com/watch?v=Yc7OMd28mhQ

    10:43.

    1. We also discuss the difficult situation people are put themselves in when they plan their entire financial plans around their primary residence.
      How many of them own homes in S FL and AZ? I would think those properties would be the first to go. Maybe the Condo count increase is partially due to Canadians needing the money.

  25. BRUTAL: Justin Trudeau throws Freeland, Carney under bus in desperate attempt to save himself

    Michelle Rempel Garner

    2 hours ago

    Justin Trudeau throws Freeland, Carney under bus in desperate attempt to save himself, PLUS why the Liberal caucus can’t and won’t turf him [EXPLAINED].

    https://www.youtube.com/watch?v=b7AGAmx9ndw

    10:42.

    1. Media
      Published July 10, 2024 10:04am EDT
      Real estate tycoon explains when house prices will start to drop and ‘open the floodgates’
      By Kristen Altus FOXBusiness

      Over the next year, two macroeconomic indicators may align and create booming opportunities in real estate, according to RE/MAX’s chairman and co-founder.

      “I estimate that there’s between 9 and 11 million people who want to be homeowners that can’t afford to be homeowners right now,” Dave Liniger said on “The Claman Countdown,” Monday, “because of the cost of the interest rate, or because they already got a house with a very low interest rate that wouldn’t transfer to the new purchase.”

      “[But] all of a sudden, we’re getting more inventory on. It makes for a quick sale. There’s lots of buyers,” he continued. “So as the inventory increases, you’ll start seeing price pressure, and you’ll probably see some price relaxation throughout the country.”

      https://www.foxbusiness.com/media/real-estate-tycoon-explains-when-house-prices-start-drop-open-floodgates

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