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They’re In Too Far Over Their Head And It’s Getting Flushed Out

A report from Tampa Bay Newspapers in Florida. “‘Vacation rentals are a sore subject for residents of Indian Rocks Beach. The beach town of a little over 3,600 residents had more than 2,300 short-term rental listings on sites like Airbnb and VRBO in July, according to rental tracking site AirDNA. Some homes may have multiple active listings, inflating AirDNA’s count. The cycle also feels tedious for Steve Van Leeuwen, who owns two rentals in the city. He told commissioners that rentals give back to Indian Rocks Beach through tourism taxes. ‘If you don’t want tourists, don’t live here,’ he said. ‘I really don’t think (residents in opposition) have anything to do.'”

Honolulu Civil Beat in Hawaii. “A Napili mansion with a contentious history is on the market for just under $13 million. Marketed as a ‘Maui luxury vacation home that stands above the rest’, the home at 5385 Lower Honoapiilani Road with sweeping views of Napili Bay can sleep up to 24 people. But the MLS listing for the house carries an important disclaimer: ‘Buyer to do their own Due Diligence.’ It notes the 45-foot-tall house received an exemption for Special Management Area rules for eight bedrooms, not 12 as listed in county property records. That detail is indicative of a much larger story about the building’s history. West Maui resident Kanamu Balinbin had said publicly several times that he has personal knowledge of planning department officials accepting bribes in exchange for making problems go away for developers. He shared his allegations before the council’s Government Relations, Ethics and Transparency Committee, but an investigation never happened.”

Capital and Main in California. “In the midst of an ongoing housing emergency, the city of Los Angeles has struggled to keep rent-controlled housing, which includes some of the city’s most affordable dwelling units, from turning into short-term rentals. Even though a 2018 law prohibits such conversions, enforcement has been lax. ‘Except in a handful of cases, we’re not actually doing that enforcement work in a meaningful way,’ said Los Angeles City Councilmember Nithya Raman, who chairs the council’s Housing and Homelessness Committee and is working on recommendations to tighten enforcement. A mile from the beach, the Booking.com listing for a ‘Venice Beach Gem’ features mountain and ocean views and a tennis court. The city fined the Venice Beach units’ owner twice in 2021 for advertising short-term rentals without an official registration. The fines haven’t been paid, according to the city attorney’s website of administrative citations. Still, the units were listed on Booking.com last month.”

CBS Bay Area in California. “Some business owners in Oakland’s Jack London Square are fighting back against a plan to bring a homeless shelter into the area. They say business has been tough and fear a shelter would deter potential customers. The last year has presented challenges for Markus Supply Ace Hardware. Burglars came in through the roof to try to get into the safe. Customers’ cars have been broken into and, recently, a van parked on their lot was set on fire. A group of business owners gathered Thursday outside Jack London Inn, site of the proposed 110 room homeless shelter. Many say they are struggling to keep their doors open.”

“Former police chief LeRonne Armstrong organized the business owners. He claims the city wasn’t transparent with its plan to build a homeless shelter in the middle of a shopping and entertainment district. ‘We have to have a comprehensive strategy on how we’re going to address the homeless problem,’ Armstrong said. ‘There are several abandoned residential locations in the city of Oakland that could be converted to some type of transitional housing.'”

The Washington Examiner. “Gov. Gavin Newsom (D-CA) vetoed a Democratic plan that would have given undocumented immigrants the right to to be eligible for state-funded loans for down payments on homes. He cited the lack of funding for the program in his letter announcing the veto to the California State Assembly. Democrats in both state chambers will now have the option to override Newsom’s veto with a two-thirds majority vote. Republican state Sen. Brian Dahle told Politico that Newsom did the right thing by vetoing the bill. But he passed on further praise, saying Newsom ‘read the tea leaves’ on the bill’s political impact. ‘He’s the master of gaslighting,’ Dahle said. ‘I mean, they’ve been doing it forever. I’ve been here 12 years, and all they do is politics.'”

Colorado Public Radio. “Immigration policies and border control were two of the main topics discussed Thursday at what was billed as a rally and conversation with Republican members of Congress and candidates. It was much more rally than conversation. The city of Aurora has been making national headlines for more than a week over allegations that members of a Venezuelan gang, Tren de Aragua, are preying on residents. Alicia Garcia questioned why local officials aren’t doing more to crack down in Aurora.”

“‘Honestly, I feel like there’s something behind the scenes that they don’t want us to understand. I think that the government has some benefit because I don’t understand why we have the National Guard, we have SWAT, we have all of these things happening and these resources here in Colorado and they’re doing nothing,’ Garcia said. Garcia, a staunch gun rights activist, says she doesn’t blame people for wanting to come to America, ‘but at the same time, you don’t get over on people by robbing, murdering, killing, and overthrowing innocent lives. And I think that’s where we have to have a hard stop. And I think that this needs to stop being a bipartisan issue.'”

The Print in India. “Dilbagh Singh’s IELTS coaching business in Faridkot, Punjab, began with a bang but ended with a whimper. He blames Canada for this. ‘We have completely collapsed,’ he said. Even a year ago, there was a clamour among aspirants going abroad to be tutored by him, but he would take no more than 30 students. The English language standardised test is a stepping stone to the Canadian dream. But this year, only 15 students signed up—and most of them dropped out of the course midway. Singh finally had to shut down his decade-old coaching centre, English Birds.”

“Nobody is flying to Canada in a hurry. Increasing tension between Canada and India, rising visa rejections, and a slew of immigration policies by the Justin Trudeau-led government to curb the inflow of migrants has soured the Punjab-Canada dream. Hundreds of businesses – from coaching centres to visa consultants and agents – have had to shut shop. On 24 January 2024, Canada dropped a bombshell by limiting its foreign student intake to 3.6 lakh— a sharp decrease of 35 per cent from 2023—in addition to capping undergraduate students in each province. Ottawa also declared that international students enrolled in private colleges offering licensed curriculum will not be eligible for work permits after completing their degrees, and revoked visas of the spouses of undergraduate students. Just last week, the Trudeau government announced that it is reversing its expansion of the low-wage temporary foreign worker programme. And the potential deportation of more than 70,000 students has set off alarm bells in Punjab.”

“The Canada bubble has soured. It’s now a saga of dreams deferred if not destroyed. Increasing visa rejections and the rising cost of living have had a role to play as well. ‘The cost of moving to Canada has increased from Rs 22-23 lakh to Rs 37 lakh since the revision in policies earlier this year. Students have simply dropped plans to study abroad now,’ Singh claimed. On the flip side, the ‘dunki’ route adopted by Indians to enter countries illegally is thriving. Since December 2023, more than 5,000 Indians illegally entered the United States from the Canadian border, exceeding the number of people who cross over to the country from the notorious Mexico border. The number of Indians seeking asylum ‘at port’ in the United Kingdom has also been sky-rocketing.”

From GZERO. “Canada has long been pro-immigration — so proudly so that harsh talk about limiting immigrant numbers has been a nonstarter for the public and politicians alike. That is changing. A recent Leger poll found that 65% of Canadians believe the government has set immigration targets too high and will admit “too many” immigrants under its current plan. More than 75% say the number of newcomers is raising the cost of housing and health care, at 78% and 76%, respectively. And a June poll by Research Co. found that 44% of Canadians viewed immigration negatively — a 6% increase from last October — with nearly half wanting fewer immigrants.”

“Now, thanks to Prime Minister Justin Trudeau’s aggressive immigration plan — with rates that have outpaced housing starts, doctor availability, and job growth — the decades-old consensus is starting to fray, and American politics and policy may exacerbate the matter. The government’s temporary foreign worker program, or TFW, which brings in non-permanent residents to work, has stirred controversy for depressing wages. This is adding more stress to the pro-immigration consensus as Canadians are worried about the country’s capacity to welcome newcomers while facing crises in health care, housing, and, in some cases, employment.”

Western Investor in Canada. “A wave of foreclosure opportunities has been working its way through the court system, with more to come as lenders finally enforce their claims against developers and investors. ‘What we’ve seen a lot is lenders holding off on forcing a sale; essentially they were just hoping the borrower would figure things out and the market would turn around,’ said Mark Goodman, president of Vancouver real estate brokerage Goodman Commercial Inc. A turnaround now appears to be taking shape, with a bottom in land prices having been reached following a 66 per cent decline in dollar volume last year, yet for many owners it’s too late. Moreover, the residential market has yet to recover its mojo. An initial surge of activity this spring has given listings a boost, keeping prices in check.”

“‘It’s just gone for too long, they’re in too far over their head and it’s getting flushed out,’ Goodman said of the predicament many land bankers have found themselves in. The current wave of foreclosures is notable because it’s not just speculators or novices affected. Developers with several projects under their belts have been caught out. ‘There are some developers who have successfully developed over the years that are stuck in this situation right now,’ said Dylan (Dilraj) Sohi, a senior vice-president with Colliers International in Surrey. ‘You have to continue to feed the debt out of your own pocket, and that tends to get expensive, especially in the interest-rate environment that we’re in,’ Sohi explained.”

Daily Mail Australia. “A building company has gone into liquidation after its chief executive was charged with allegedly headbutting a client who had complained about defective work – and then running him over with his ute. Geoff Calvert, the Canberra-based founder of Calvert Constructions, appeared in court in July charged with assault, furious driving and burglary. The 33-year-old builder’s run-in with a client at the front door of his house was captured on CCTV. A doorbell camera recorded him allegedly threatening the customer before headbutting him – after the client had confirmed to Mr Calvert he was being recorded – during a July 27 altercation. ‘I’m probably going to punch you in the face right now, c***,’ he allegedly said, before allegedly dragging the client by his leg through the front door during the altercation.”

The Courier Mail. “Aussies have piled on at their hilarious best to a query by someone on $100k a year over why people don’t ‘riot in the streets’ over the cost of housing. In a case of if you don’t laugh, you might cry, Aussies have responded with good humour to a query by a Reddit user on the forum asking ‘why don’t we riot?’ over high living and housing costs. ‘I’m your average Aussie on average 100k salary. I work my 9-5 pay $800 week rent for a crap 3×1 in a ‘previously low income suburb’. With the recent and continuous cost of living pressures lack of housing blah blah … Why don’t we riot in the streets at our governments like the Europeans do? I feel like we just accept fate and don’t retaliate.'”

“It is unlawful to intentionally or recklessly threaten violence or incite violence against another person in Australia, so the responses were uniquely Australian – that is, mostly tongue-in-cheek deflection. ‘We’re too lazy and the footy season is still on’ was upvoted by almost 700 people on the post. Many agreed. ‘Came here to say this… and the beer is cold. So we are parked on the lounge watching the footy. Take away the beer, the tv and the footy. then u might have a riot.’ Other Reddit users said ‘but when footy season ends it’s too hot to riot…’, ‘and the cricket is on …'”

From Bloomberg. “A quarter-century after the Petronas Twin Towers became the world’s tallest buildings and reshaped Kuala Lumpur’s skyline, Malaysia’s capital is continuing to add new skyscrapers despite growing doubts over the level of demand for property. Kuala Lumpur already has more supertall buildings than all but seven cities, and recently it’s added another — the 678.9m Merdeka 118, which will fully open to the public later this year. With a population of about 2 million in a city where many offices and homes sit empty, there are growing questions about the proliferation of skyscrapers in the Malaysian capital. But such construction is likely to continue, driven by a preference by many investors to chase returns in real estate, and developers and political leaders seeking to project national strength through building tall.”

“‘If the money rules, this is what happens,’ said Mustapha Kamal Zulkarnain, an architect who focuses on resilient cities. ‘We’re building as if nobody’s checking on the demand.’ Kuala Lumpur’s soaring population fuelled more high-rise construction, but demand for homes, in particular, came from ethnic Chinese Malaysians for whom real estate is a favoured store of wealth, said Cha-Ly Koh, founder of property data company UrbanMetry. Decades of rising prices helped cement that idea, leading some to buy multiple homes. Many now sit empty — one in five homes in Malaysia were unoccupied as of 2020, according to census data.”

“In recent years, prices have largely plateaued and owners unable to sell their apartments are finding themselves with underwater mortgages. And yet, new buildings keep coming up. ‘It’s a mystery even to me,’ said Carmelo Ferlito, chief executive officer of a Kuala Lumpur-based think tank of the continued construction despite the diminishing returns from real estate.”

This Post Has 78 Comments
    1. New York Times — The American Dream Without a House? Believe It (9/7/2024):

      “The American dream symbolizes many abstract ideals: hard work, assimilation, equal opportunity. But for generations it has meant one particular path in life: Get a job, save up for a down payment, and achieve the fairy-tale ending of domestic bliss and monthly mortgage payments.

      Now, though, with soaring housing costs — along with student loan debt and inflation — homeownership is becoming increasingly inaccessible for young Americans. As of June, according to Redfin, nearly one in 10 homes in the country were worth $1 million or more — a share that more than doubled since June 2019. And as prices rise, people are becoming first-time homeowners later in life. In a 2023 report from the National Association of Realtors, the median age for a first-time home buyer was 35. In 1981, it was 29.

      Even before the current housing crisis, people have been arguing that the American dream was disappearing, deteriorating, dying or dead. But perhaps it is simply changing.

      When the concept of the American dream first emerged, it was meant to be an ideal for people to mold into whatever fit their lives. Over time, it became a more rigid model, cementing homeownership at its core. Now, young Americans have been forced into a turning point for the American dream, one that might not have a house in it at all.”

      https://archive.ph/Imxh6

      You will own nothing, and you will be renting from Blackrock forever.

      1. “Get a job, save up for a down payment, and achieve the fairy-tale ending of domestic bliss and monthly mortgage payments.”

        Freud had no idea that a man would willingly commit to 360-months of unaffordable payments for a shot a domestic bliss.

  1. ‘If the money rules, this is what happens…We’re building as if nobody’s checking on the demand’

    This sh$thole was overbuilt ten years ago. But you better freeze in the dark this winter and eat bugs or we’re all gonna die!

  2. “Honestly, I feel like there’s something behind the scenes that they don’t want us to understand”

    Alicia, you are being replaced.

    Understand WHO is replacing who. They are Marxist globalists. They are entrenched in every aspect of government, whether in elected office or rooted in the bowels of bureaucracy. They control academia. They own the media.

    To them, the United States is not a sovereign nation. It is nothing more than an economic zone, that exists only for the globalists to loot and pillage. And your federal income taxes are funding your replacement.

    Do you understand yet, Alicia?

  3. “Gov. Gavin Newsom (D-CA) vetoed a Democratic plan that would have given undocumented immigrants the right to to be eligible for state-funded loans for down payments on homes. He cited the lack of funding for the program…”

    They must have blown all the taxes they collected from wealthy citizens who subsequently left California on other dumb ideas.

  4. Does it seem like Wall Street is on a hair trigger for panic? What happened to the Magnificent Seven?

    1. Business
      Stock market today: Wall Street falls sharply to close its worst week in nearly 18 months
      Image
      FILE – People pass the New York Stock Exchange, at rear, on Aug. 27, 2024, in New York.
      (AP Photo/Peter Morgan, File)
      By STAN CHOE
      Updated 2:17 PM PDT, September 6, 2024

      NEW YORK (AP) — Another rout hit Wall Street Friday, with formerly high-flying technology stocks again taking the brunt, after a highly anticipated update on the U.S. job market came in weak enough to add to worries about the economy.

      The S&P 500 dropped 1.7% to close out its worst week since March 2023. Broadcom, Nvidia and other tech companies drove the market lower amid ongoing concerns that their prices soared too high in the boom around artificial intelligence, and they dragged the Nasdaq composite down by a market-leading 2.6%.

      The Dow Jones Industrial Average dropped 410 points, or 1%, after erasing a morning gain of 250 points.

      Sharp swings also hit the bond market, where Treasury yields tumbled, recovered and then fell again after the jobs report showed U.S. employers hired fewer workers in August than economists expected. It was billed as the most important jobs report of the year, and it showed a second straight month where hiring came in below forecasts. It also followed recent reports showing weakness in manufacturing and some other areas in the economy.

      https://apnews.com/article/stock-markets-fed-inflation-recession-typhoon-579d2e507f4a07d6667404a1e2eed14c

    2. Bloomberg
      Nvidia’s $406 Billion Drop This Week Makes Bitcoin Look Calm
      Bailey Lipschultz and Carmen Reinicke
      Fri, Sep 6, 2024, 1:22 PM PDT
      3 min read

      In this article:

      (Bloomberg) — Nvidia Corp. wiped out about $406 billion in value this week, weighing on key equity benchmarks as jitters spread over the health of the US economy and an AI trade that may have gotten ahead of itself.

      https://finance.yahoo.com/news/nvidia-400-billion-tumble-week-180318195.html

    3. Personal comment on Wall Street’s exciting week:

      “I’ve seen this movie before
      And I have to admit it’s no bore
      But the lying, the dying, the late night crying
      I have to admit I can’t take it no more”

  5. New York Times — These Americans Want Out (9/6/2024):

    “This summer, nearly 2,000 readers responded to a New York Times survey asking if they would leave the United States should their favored candidate lose the presidential election in November. Another 3,000 people responded to similar questions asked over social media. Some respondents had already moved. Others were taking the steps — looking for jobs overseas, or seeking ways to qualify for residency.

    Their reasons were varied, though the candidates at the top of the ballot figured prominently. Many said they feared the country might spiral into authoritarianism should Donald Trump win a second term.”

    Authoritarianism? Like the mass censorship directed by Big Government since January 2021? Getting you fired from your job for not getting injected with deadly mRNA poison? Your business being forced to close? And most importantly, being governed by a regime that was, in fact, never elected into office by the voters? (Checks notes) Orange Man Bad, that’s all you need to know, NPC’s.

    “Several readers expressed grave concerns about the future of American democracy and the threat of civil unrest in the aftermath of the election. One couple said they’ve packed a “go bag” in the event that violence erupts. In responses to The Times’s callout, the word “authoritarian” was used 49 times; “dictator” 42 times; “fascist” or “Fascism” 101 times.”

    The NYT reluctantly includes this respondent in the piece:

    “Robert Horton, a real estate developer, began visiting Paris a decade ago and soon met Americans who’d left the country because of politics. “They’re just sad for the condition our country is in, where it’s gone,” he said. “And a lot of them don’t have hope that it can ever come back.” By the end of this year, Mr. Horton will join them for good, trading his Virginia Beach rental for one in central Paris, a city he fell in love with for its laid back way of life, “even though it’s a socialist country.”

    The United States has “gone so far liberal that we’ve lost respect for our country, for our people, for ourselves, our standards,” Mr. Horton said.

    “It’s a terrible country now, compared to what it used to be.”

    A Trump supporter, he expects Ms. Harris to win in November, an outcome that he finds frightening, as he worries that she would poorly handle the economy, the U.S. border and foreign policy. “This country will become more woke, more radical, extreme radical left,” he said. “We will have totally lost all our decency if she gets in.”

    “If we continue on the Democratic train I don’t know if the country will ever recover”

    https://archive.ph/nNC65

    Robert, you are correct. The country will not ever recover.

  6. The New York Times on the record in support of government censorship.

    New York Times — How Telegram Became a Playground for Criminals, Extremists and Terrorists (9/7/2024):

    “Telegram has become a global sewer of criminal activity, disinformation, child sexual abuse material, terrorism and racist incitement, according to a four-month investigation by The New York Times that analyzed more than 3.2 million Telegram messages from over 16,000 channels. The company, which offers features that enable criminals, terrorists and grifters to organize at scale and to sidestep scrutiny from the authorities, has looked the other way as illegal and extremist activities have flourished openly on the app.

    Operating like a stateless organization, Telegram has long behaved as if it were above the law — though that may be changing. Pavel Durov, the Russian-born founder of the platform, was arrested and charged in France last month for failure to cooperate with law enforcement …

    In many democratic countries, patience with the app is wearing thin. The European Union is exploring new oversight of Telegram under the Digital Services Act, a law that forces large online platforms to police their services more aggressively, two people familiar with the plans said.”

    Democratic countries? “Western Liberal Democracy” = authoritarianism.

    “Telegram’s tolerance for toxic activities begins with Mr. Durov, 39, who runs the company with a devout belief that governments should not interfere in what people say or do online. This year, he wrote on his Telegram channel:

    “Were it entirely up to us, we would always give our users what they ask for: access to uncensored information and opinions so that they can make their own decisions.”

    Make their own decisions? Not in any “Western Liberal Democracy” you won’t be.

    “Telegram has benefited people in authoritarian countries who need ways to freely communicate, but the app has also contributed to real-world harm. Hateful discourse that spread on the platform has played a role in recent riots in Britain and arson at migrant housing centers in Ireland.”

    Censoring and jailing a population for resistance to their replacement = authoritarianism.

    “Even as Telegram approaches one billion users, it has prided itself on behaving differently from its tech peers. The company, based in Dubai in the United Arab Emirates, operates like a start-up, with about 60 full-time employees. It has hired just a few hundred contractors to work as moderators, and it steadfastly ignores most requests for assistance from law enforcement agencies.

    An email inbox used for inquiries from government agencies is rarely checked, former employees said. When a House committee investigating the Jan. 6, 2021, attack on Capitol Hill sought information from 15 internet platforms, only Telegram did not respond.

    Only Apple and Google, which can expel Telegram from their app stores, have successfully pushed the platform to take down and restrict the spread of harmful material, said analysts, government officials and tech executives. Governments have sometimes turned to the tech giants for help getting Telegram to act.

    Telegram’s features — coupled with its refusal to cooperate with the police — have stymied criminal investigations, increasingly frustrating the authorities. The company can gain access to messages unless users select a secret chat option with end-to-end encryption, according to two former employees. On at least two occasions, the company has retrieved the messages of former employees, one person said.

    But the company, which denied that employees had access to user data, has refused to share information with governments.

    Mr. Durov has grown increasingly antagonistic toward the tech giants. He has called Apple a “trillion-dollar monopoly” and chided the company in April for blocking Telegram on its China app store, writing that “prioritizing profits over freedom for users is not a good long-term strategy.”

    “The largest pressure toward Telegram is not coming from governments, it’s coming from Apple and Google,” Mr. Durov said in an interview this year with Tucker Carlson.

    https://archive.ph/0UFhF

    Translation: the collusion of globalist scum social media and government to end privacy, forever.

    1. It’s a good thing that there’s another English speaking destination for those who find self-determination too much to live with.

  7. humorous how everyone thinks they are so important that the country will not survive without them, that they will be the ripple that starts the tsunami of enlightenment.

  8. The Club of Rome published in 1972 a piece of work called “Limits TO Growth.” It was a projection into future that the resources of earth would get consumed by populations resulting in a disaster.

    So, the Powers that Be set about a Agenda of how these Entities could end up controlling the earth’s resources and consumption by populations of the Earth. These Entities would infiltrate Global Governments to collude and partner in a One World Order dictorship to force their self serving ideology of controlling the resources of the planet.

    They would manifest a UN 2030 Sustainable Earth Agenda as the blueprint to their Great Reset of life on the planet , with these Entities forcing compliance to a epic power grab.Monopoly Corporations , Elites, UN and WHO and other co
    conspirators would as a end game control all resources and consumption of humanity.

    These Entities would launch a variety of warfare on humanity in collusion with Governments to destroy prior systems and turn humanity into a enslaved people, with no right or freedoms. False Narratives of Climate Change Doomsday and manufactured Panademics would be launched as weapons of mass destruction of Sovereign Governments for the fake constructs of this sinister power grab.

    The break down of any rights or constitutional protections , or free speech ,will be eliminated in order for this pre planned take over to manifest.

    Murder, Genocide, mass famine and deprivation of resources and energy is all part of the warfare launched on humanity by these demon parasite control freaks and looters of humanity.
    They are called “Stakeholder Capitalist” whereby the Government partners with them to destroy all competition to their facism take over.

    These Entities view humanity as competition for the resources of earth, and they want to kill, restrict, and deprive their competition in the final analysis.

    1. Right
      Tony Blair calling for global agreement on censorship.

      These Entities want no disput to their long planned take over of humanity.

      In US the Constitution protects right to free speech. How can the US agree with the Globe to censor free speech?
      Big movement in Europe to take free speech right now, that they want the US to adopt.
      So,nothing else explains all the happenings other than the outline I posted above.

      1. In US the Constitution protects right to free speech. How can the US agree with the Globe to censor free speech?

        President Harris & the Democrat-Bolsheviks intend to finish shredding the Constitution and eradicating the last vestiges of what remains of our former Constitutional Republic & Heritage America. Forward, Soviet!

    1. Make no mistake. Equity for humanity is not the objective of the One World Order Entities. This is a false contruct for a tear down of current systems they are forcing.
      Once they get the total power and dictorship they plan, than it’s just brut power with no equity or choice for civilization.

  9. A reader sent these in:

    Full-time workers: -438K
    Part-time workers: +527K

    https://x.com/zerohedge/status/1832035847278837853

    Full-time employment fell by almost 500,000 – offset by gains in part time & foreign born employment.

    https://x.com/MacroEdgeRes/status/1832050125499252892

    Big Lots Inc. is preparing to file for bankruptcy as soon as Sunday, and plans to sell its chain of stores via a court-supervised process.

    https://x.com/DiMartinoBooth/status/1832160146836873681

    Jobs for native born Americans over the last year: -1.3 million
    Jobs for foreign-born workers over the last year: +2 million

    https://x.com/greg_price11/status/1832048971335782773

    34% Haircut For Lenders In Denver

    Industry Denver, located at 3001 Brighton Blvd, sold for $19M.

    Lenders American General Life Insurance Company and American Home Insurance Company were owed $28.67M.

    https://x.com/FCNightingale/status/1832080856728719465

    Toyota cuts 2026 global EV output plans by a third, Nikkei reports

    https://x.com/chigrl/status/1832055268521214324

    Remember when they used to give million dollar variable rate mortgages for $3,700 a month and everyone thought they were rich?

    https://x.com/JonFlynnREstats/status/1831594849352442175

    CANADA’s YOUTH UNEMPLOYMENT RATE HITS 14.5%

    ONTARIO’s HITS 17.5%

    AS CANADA CONTINUES TO ADD PEOPLE… BUT DOESNT ADD JOBS

    https://x.com/Tablesalt13/status/1832034942932357484

    China’s property stocks are back to 2008 lows.

    https://x.com/AyeshaTariq/status/1832017614970708325

    RIP Walgreens. $7B MCap, very little cash, $34B in debt. I’m sure many companies look like this under the hood—wrongly assumed debt would be cheap forever.

    https://x.com/TuurDemeester/status/1831740015304421623

    Canada in a recession masked by immigration with zero economic per capita growth in 6 years and our minister of finance is cheerleading being the first to cut interest rates. What a complete gongshow.

    https://x.com/MPelletierCIO/status/1831540460156023112

    🇨🇦’s low corruption:
    – no where to report corruption
    – most departments do not have whistleblower protections
    – 🇨🇦 uses deferred prosecution agreements (DPA) to avoid any official corruption

    🇨🇦 doesn’t have a lack of corruption. It has so much it can’t even be prosecuted.

    https://x.com/StephenPunwasi/status/1831748801461186883

    Remember when Justin Trudeau and Sean Fraser committed fraud for slave labour and then got caught and then nothing happened to them?

    Now Canada is left in a population trap with a housing and healthcare crisis, and a youth unemployment rate of 14%.

    https://x.com/igetredpilled/status/1831657694651900190

    “As I was leaving work to get on the 410 South at Queen in Brampton, I saw tents set up on the grass with signs saying ‘we are looking for work.’ It was a tough sight to witness. Something needs to change.”

    https://x.com/ShaziGoalie/status/1831683266799120778

    It’s sick & horrifying that this is happening in one of the most beautiful cities on earth.

    The alleged attacker was let out on probation after a violent assault last year and had a history of 60 previous interactions with police.

    Crime and chaos, after 9 years of Trudeau.

    https://x.com/PierrePoilievre/status/1831796472100065611

    U.S. Bank is leaving Portland’s Big Pink skyscraper, where it leases 222,000 sq. ft. Portland’s downtown vacancy rates remain the highest among major U.S. cities.

    https://x.com/dedkatbouns/status/1831480231523483708

    The Fed wants high inflation.

    They just don’t want to acknowledge that inflation is high.

    Hence all the models, hedonics, weightings, substitutions, seasonal adjustments, propagandists, etc.

    https://x.com/RudyHavenstein/status/1831812494370992620

    🛻 Midwest Transport Inc. Illinois trucking company with 480 drivers abruptly ceases operations

    https://x.com/dailyjobcuts/status/1832234730491707588

    Not that long ago Big Lots had 1,400 stores and 35,000 employees.
    The board of directors on Aug. 12 approved one-time cash retention awards totaling about $5.2 million for four executive officers.

    https://x.com/FCNightingale/status/1832186286427484509

    🇨🇳 China foreign direct investment -29.6% YoY.

    𝗟𝗼𝘄𝗲𝘀𝘁 𝘀𝗶𝗻𝗰𝗲 𝘁𝗵𝗲 𝗚𝗹𝗼𝗯𝗮𝗹 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗖𝗿𝗶𝘀𝗶𝘀!

    https://x.com/joosteninvestor/status/1832121413924225294

    Greater Nashville Realtors will release their August numbers (likely Monday) and it will be…~$485K. Right where I said it would be two months ago when I posted the chart below.

    After a rapid rise in the spring, we have now erased most of the YoY gains seen in median price this year.

    https://x.com/ethanflynncpa/status/1832153926470382075

    Independence Realty & Investments, LLC has filed Chapter 11 in the Western District of Tennessee

    Assets: $0-$50K
    Liabilities: $1M-$10M

    https://x.com/_RKConsultants/status/1832181182441611532

    Toronto has fallen.

    This was 1.8M during peak 2022 and now selling close to 2015-2016 prices.

    https://x.com/ManyBeenRinsed/status/1832190540772765843

    Realtors this Halloween still waiting for rate cuts to light a fire under house prices in Canada after 4 consecutive rate cuts.

    https://x.com/ManyBeenRinsed/status/1831506287604945149

    Thousands of yutes line up in Kitchener at the new Longos for a job.

    Where’s this labour shortage?!? Hello?

    G’est of the G7 they say.

    Welcome to Canada. 🇨🇦

    https://x.com/ManyBeenRinsed/status/1829131766436708485

    Durham has collapsed. 🙄

    https://x.com/ManyBeenRinsed/status/1828904850928869432

    During the Great Recession, 🇨🇦’s unemployment rate hit a high of 8.7% in 2008.

    🇨🇦’s largest city currently has an unemployment rate of 8.0% & others are doing worse.

    https://x.com/BetterDwelling/status/1832130420814790775

    That’s one way to put a price drop. 😂

    https://x.com/StephenPunwasi/status/1831654426676772878

    #VanRE @StephenPunwasi Downtowns have been hollowed out as workers moved & took their spending with them. Now big cities & their leaders have been trying to get workers to go back into the office, to prevent them from moving out of their pricey regions.

    https://x.com/Hutchyman/status/1831471886355816639

    1. RIP Walgreens

      What did they bring to the table? Overpriced sundries? Every grocery store has a pharmacy these days.

      There is an intersection nearby that once had four pharmacies: A grocer, a Walgreens, a KMart and a mom-n-pop.

      The KMart and the mom-n-pop are gone. If Walgreens folds it will just be the grocer.

        1. I glanced at a prospectus a few years ago where investor(s) would buy the land, existing building and fixtures, and Walgreens would enter into a long term leaseback with the new owners. They needed to raise cash! 🙂

    2. “Jobs for native born Americans over the last year: -1.3 million
      Jobs for foreign-born workers over the last year: +2 million”

      What to do with those unneeded 1.3 million?

      Kill them off with fentanyl.

  10. A federal grand jury has indicted Maria Dickerson, also known as Dulce Pino of Sacramento, California on a 32-count indictment, including charges of wire fraud, securities fraud, and money laundering, announced U.S. Attorney Phillip A. Talbert on Tuesday. The indictment was unsealed after her arrest.

    In 2020, the same year she won a Ms. Woman Nevada pageant, Dickerson registered a business in California under the name Creative Legal Fundings. Authorities claim she misrepresented her business, which allegedly duped investors by falsely claiming to lend money to attorneys for personal injury lawsuits. Dickerson reportedly promised fixed returns and suggested financial backing from prominent executives, including a multinational casino company CEO.

    According to the indictment, from 2020 to 2024, Dickerson, a Filipino American, allegedly targeted fellow Filipinos in her fraudulent schemes, and used investor funds to repay earlier investors, maintaining a Ponzi scheme that amassed approximately $10 million from 140 investors.

    The indictment also stated that Dickerson used that money to fund a lavish lifestyle, and purchase luxury items including Mercedes-Benz vehicles and a home. She did not register the securities with the Securities and Exchange Commission, collecting millions of dollars under false pretenses.

    If convicted, Dickerson faces up to 20 years in prison and a $250,000 fine for each wire fraud count, up to 10 years in prison and a $250,000 fine for each money laundering count, and up to 20 years in prison and a $5 million fine for securities fraud.

    https://nwasianweekly.com/2024/09/former-beauty-queen-indicted-on-fraud-money-laundering-charges/

    1. According to the indictment, from 2020 to 2024, Dickerson, a Filipino American, allegedly targeted fellow Filipinos

      All so predictable,

  11. Colombia-linked cocaine syndicate in rural Canterbury imported drugs worth millions

    Stiff prison sentences have been handed out to South American citizens who, while working on farms in the South Island, formed themselves into a drug-smuggling syndicate that brought millions of dollars of cocaine into New Zealand.

    Hororata is a village on the Canterbury Plains with a population of about 200, best known for its annual Highland Games festival.

    But for a while, together with other Canterbury towns such as Dunsandel and Darfield, it also hosted a syndicate of an international cocaine-smuggling operation tracing back to the feared drug cartels of Colombia.

    The group of Colombian farm workers became the biggest supplier of cocaine in New Zealand during the nearly four years they were operating.

    Between early 2018 and late 2021, the syndicate imported, or tried to import, more than 100kg of cocaine into New Zealand. The drug had a street value of more than $45 million.

    They were successful in bringing in at least 42.5kg, worth $19 million.

    Properties in Dunsandel and Darfield were used to receive drug-laden packages sent from overseas. A property at Hororata was used to wash and process the imported cocaine.

    https://www.msn.com/en-nz/news/other/colombia-linked-cocaine-syndicate-in-rural-canterbury-imported-drugs-worth-millions/ar-AA1q9ica

    1. The group of Colombian farm workers became the biggest supplier of cocaine in New Zealand during the nearly four years they were operating.

      Doing the jobs native Kiwis won’t do.

  12. Reparations supporters plot comeback after bitter defeat in California Legislature

    The defeat of the legislation caused a deep schism between the reparations advocates who backed the bills and the California Legislative Black Caucus, which wants to take a more incremental approach and successfully kept those bills from coming to a vote on the Assembly floor Saturday.

    The defeated bills came via Inglewood Democrat Steven Bradford who, in his final term as a state senator, introduced the legislation independently from the 14-bill priority package advanced by the California Legislative Black Caucus. Despite dozens of protesters showing up in person and calling for a vote, the Black Caucus and Democrats refused to call Bradford’s bills to the Assembly floor on Saturday.

    “I think it’s going to send a bad message across the country that a state as progressive as California didn’t have the votes, so to speak, on a bill that pretty much had been run through all the traps,” said Bradford, noting his bills made it through the Senate, and Assembly committees, with little or no change.

    https://www.msn.com/en-us/news/other/reparations-supporters-plot-comeback-after-bitter-defeat-in-california-legislature/ar-AA1q8BYq

    1. I think it’s going to send a bad message across the country that a state as progressive as California didn’t have the votes

      A bigger problem: they didn’t have the money. Or were they proposing cutting back spending on everything else to pay for this? Buh bye countless six figure state jobs (which no one else would have missed), slash school spending, highway repair, etc. But worst of all, the grift associated with make work programs that have no tangible deliverables would have been impacted. Nope, no way. They got to virtue signal, but that’s over.

      1. Gavin Newsom (D-CA) vetoed a Democratic plan that would have given undocumented immigrants the right to to be eligible for state-funded loans for down payments on homes. He cited the lack of funding for the program
        They even turned down the illegal freebees. Reparations are lower on the totem pole than free bees for illegals right now.

    2. “According to the Federal Reserve Bank of St. Louis, the typical Black family in America is worth $23,000, compared to $184,000 for the average white family.”

      The fed needs better controls established for their statistical models, e.g., the typical $23k black family is headed by a morbidly obese female without a father providing familial support. Any white family with a $184k household income is NOT typical, and are very likely highly disciplined with both parents within the household.

  13. When Caitlin* and her family bought their new home in Las Vegas, Nevada, last year, the backyard was “the biggest draw,” she says. She and her husband have two girls under 10, and the yard was much bigger than those in the other homes they’d seen. “Our house is on a double lot, so we have tons of space for the kids to play. And then there’s space where we’re eventually going to put in a swimming pool in the back.”

    The property has a big expanse of turf (grass lawns aren’t allowed in new homes in Nevada; you have to use alternative landscaping), and it came with a swing set. There’s a covered patio off the back of the house with room for an outdoor dining table and chairs, a lounge area, and kids’ toy storage. And the open concept living and dining room inside has a full wall of floor-to-ceiling glass windows that slide all the way open onto the patio, allowing for totally seamless indoor-outdoor living. In the tight housing market, it was a major catch. (They’d heard about it via word of mouth.) They closed just before interest rates peaked, feeling incredibly lucky.

    This summer, however, the entertaining-ready backyard that won them over has been off-limits—not due to the heat, as you might expect, but due to an invasion of mosquitos.

    You might not think mosquitos would be a problem in a hot, dry place like Vegas—they tend to like humidity—but they can thrive wherever there’s standing water. And Caitlin’s neighbors had seemingly moved out, abandoning their home and pool. That left the latter to become a stagnant, swamplike breeding ground for the bugs.

    “The kids want to go out on the swing set, and I can’t let them,” she says. “I’m like, ‘Get inside!’ I don’t go out there either. That’s my biggest complaint—it has made my backyard unlivable.”

    Caitlin realized that her neighbors were no longer living in their home as the yard gradually began to look unkempt. She didn’t love how that might affect her property value, but it wasn’t a huge problem. The owners seemed to be doing the minimum for upkeep. For instance, after a tree fell down on the property during a windstorm, they had it removed. Once the summer really heated up, however, the mosquitos began to swarm, and it was clear no one was maintaining the pool, which she could see turning greener and greener from her own backyard.

    One day, a notice appeared on the neighbors’ front door. When her husband checked it, he saw that it was a Declaration of Imminent Danger for Imminently Dangerous Structures or Condition from the Clark County Department of Administrative Services Code Enforcement Unit. It described the code violation as such: “SWIMMING POOL FILLED WITH DIRTY GREEN STAGNANT WATER CREATING A BREEDING SOURCE FOR MOSQUITOS THAT CAN CARRY THE WEST NILE VIRUS AND POSES AN IMMEDIATE PUBLIC HEALTH RISK.”

    Under “ACTION REQUIRED,” it specified “DRAIN POOL WATER.”

    More than two weeks later, the “dirty green stagnant water” remained, and their backyard was still thick with mosquitos. Caitlin called the health department, and they told her that they could put mosquito traps in her yard to collect and test the mosquitos for West Nile, but they couldn’t drain the pool.

    She has since reached out to her HOA and joined forces with another neighbor whose yard is similarly infested (and who had filed the complaint that resulted in the notice) to try to find a solution to drain the pool.

    https://www.yahoo.com/lifestyle/neighbors-abandoned-pool-then-real-110000480.html

    I’ve mentioned these before:

    Mastering Mosquito Dunks: Guide to Using Them Effectively

    https://insectpestfacts.com/mosquito-dunks-how-to-use/

    1. I believe that pouring motor oil into the pool might curb the skeeters. They could also get a portable pump and drain the pool themselves.

      Waiting for the gooberment to solve the problem is a waste of time.

      1. Yeah, but then you’d have big dam mess on yer hands. Just toss a couple of these biscuits in there and all larvae will be dead in 24 hours. It breaks their life cycle. I stash a few 5 gallon buckets around the yard half full of water with one dunk. I do have to make sure there’s still water in it and replace them about every 30 days.

        I drained a foreclosure pool once in Lake Havasu City. Electricity was off. I took the garden hose in the yard, coiled it up and put it underwater. Got all the air out and put it over the side near the street with the other end at the bottom of the pool. It started to gravity drain right away. The city had a reg about it: it had to be at night and be done by 7 AM. I showed up about then and a cop drove up. He said some lady had called in a complaint but when he checked it had stopped draining before the cut off. It was a pretty big pool and all that went though a garden hose in around 12 hours. Then we built a cover over it so no one could fall though. I think I got 500 pesos for that.

    2. Bacillus thuringiensis

      Also a safe way to control white cabbage moth to produce flawless broccoli. Mix in water and spray plants.

  14. It’s a story San Diegans have heard over and over the past few years: An anchor/landmark/iconic property is sold and developers plan on a teardown and lots and lots of apartments.

    Surprisingly, that’s not on the table for Hazard Center, which changed hands recently for $68.25 million, sold to BH Properties, according to property records.

    Unlike most other recent real-estate transactions made locally, its previous owner, which took ownership back in September 2003, lost money — a lot of money — on the deal, a symptom of a commercial property sector hard hit by the pandemic and the work-from-home/hybrid/flex movement. The San Diego County Assessor’s Office confirmed to NBC 7 on Thursday that the same three parcels that changed hands last week were purchased for $100.06 million in 2003.

    https://www.nbcsandiego.com/news/local/hazard-center-complex-sold-at-a-loss-going-upscale-wont-become-apartments/3615151/

  15. Prospective homeowners in San Diego have seen some of the biggest discounts in the country this year when buying new builds compared to existing residences, according to a recent Zillow report.

    While new-build home prices are still elevated from pre-pandemic levels, buyers in 21 metros in the U.S. saw savings for new builds in May, averaging about $3.50 per square foot — the biggest discount recorded by Zillow median sale price data, the real estate company said.

    San Diego, where homebuyers saw the biggest discounts out of those areas, recorded new home prices that were about $57 per square foot. According to the report, new constructions sold for about $552 per square foot while existing ones went for about $609 per square foot.

    https://fox5sandiego.com/news/local-news/new-san-diego-homes-selling-for-less-per-square-foot-than-existing-ones-report/

  16. A Fremont condo community is frustrated after thieves repeatedly targeted the community’s cluster mailboxes.

    A surveillance video shared with NBC Bay Area on Friday showed a pair pulling up the community mailboxes in a white SUV and using a key to access them on Friday. Mayank Chorpa, who shared the footage, said he was shocked.

    A similar incident took place in January when thieves hauled away an entire cluster of mailboxes. Seeing it happen again in the same year has been unsettling for residents.

    “You kind of feel violated, sort of,” said Samuel Shannon of Fremont.

    Although Friday’s incident did not directly impact Shannon, he said he’s been on alert since the first time it happened.

    “If I see I got a package while I’m at work, I’ll kind of rush home because if it gets too late in the evening, things kind of start disappearing,” he said.

    https://www.msn.com/en-us/news/crime/fremont-community-struck-again-with-mailbox-robbery/ar-AA1pKMUX

    1. The Post Office’s police force used to be quite effective at busting perps like these.

      Some decades ago, in North San Diego County, I deposited a letter into one of those exterior drive thru mail boxes at a post office. About a week later I got a letter from the Postal Police, telling me that the mail box had been broken into. My letter was found ripped open (it contained nothing of value) on the ground, and that they would be keeping it as evidence. A few months later it was returned to me, with a note saying that the thief had been convicted and sentenced.

      Fremont is a place with million dollar plus shanties. A former boss of mine lives there. He has been burglarized, more then once. California is so dysfunctional now. Even though there are cameras everywhere, thieves don’t give a rat’s patootie and steal without worry.

  17. As the GTA’s housing market remained well-supplied throughout August, average home prices also edged slightly lower, meaning many properties— including this home in Caledon — were sold well below their listing prices.

    According to its listing, this custom-built four-bedroom bungalow is nestled on a one-acre lot and boasts a three-car garage, wooden deck, finished walkout basement, and open-concept rec room.

    The property was first sold for $2.46 million in April 2022, during a time when cheaper borrowing rates shot demand up across the region’s housing market and skyrocketed prices.

    Just over a year later, the home was re-listed for roughly $2.3 million, and again the following month for just under $2.4 million. In October 2023, the home was re-listed for the same price but failed to attract any buyers.

    Finally, the home was put back on the market for $1.99 million in April 2024 and eventually sold for $1.8 million last month, representing a $660,000 loss when compared to its price just two and a half years earlier.

    https://www.blogto.com/real-estate-toronto/2024/09/ontario-home-sold-massive-660k-loss/

    1. ‘Legacy media simply can’t compete with the hundreds of millions of people providing real-time information on 𝕏.’

      It wasn’t that long ago yer beloved puddle watching site was banning many thousands of people, videos, anything that the globalist scum wanted banned. Got lots of people killed with yer death injections too.

      And despite all that puddle watch banning (along with the rest of socialist media), I still could find just about any book, paper or video I wanted, on any topic. Socialist media is not the internet. We’ve been around a long time.

  18. Denver Post (via Archive) — Denver grocery stores are locking up or cordoning off more products. But it depends on the neighborhood (9/6/2024):

    “Major supermarket chains are ramping up their efforts to prevent stealing by restricting access to certain aisles, installing merchandise lock boxes, hiring security guards and more. Corporate spokespeople point to retail crime as a major problem for the grocery and convenience store industries, though several declined to discuss measures at specific stores in Denver.

    “Different products experience different theft rates, depending on store location and other factors,” said Amy Thibault, a spokesperson for CVS Pharmacy. “Locking a product is a measure of last resort.”

    Often, such actions come as an inconvenience to customers, with the new security protocols recognized as nationwide annoyances. The union representing Colorado grocery store workers says they’re Band-Aid solutions to larger problems: shortages of employees and security.”

    https://archive.ph/QhOwk

    The /r/Denver Reddit thread I found this article linked from (I don’t read the Denver Post) does not mention, once, that this is what happens in a Low Trust Society.

    Denver is a Low Trust Society.

  19. ‘owns two rentals in the city. He told commissioners that rentals give back to Indian Rocks Beach through tourism taxes. ‘If you don’t want tourists, don’t live here,’ he said. ‘I really don’t think (residents in opposition) have anything to do’

    If the situation was unambiguous about short term rentals Steve, there shouldn’t be any dispute. But there are so many. Just another problem with the toilet scrubbing business model.

  20. ‘Except in a handful of cases, we’re not actually doing that enforcement work in a meaningful way’…The city fined the Venice Beach units’ owner twice in 2021 for advertising short-term rentals without an official registration. The fines haven’t been paid’

    It’s the can’t do state. But they can pass laws by the bushel!

  21. ‘Honestly, I feel like there’s something behind the scenes that they don’t want us to understand. I think that the government has some benefit because I don’t understand why we have the National Guard, we have SWAT, we have all of these things happening and these resources here in Colorado and they’re doing nothing’

    11 million people don’t come in 4 years without a reason Alicia.

  22. ‘Canada has long been pro-immigration — so proudly so that harsh talk about limiting immigrant numbers has been a nonstarter for the public and politicians alike’

    Oh no no. In 2007 if you even questioned if money laundering Chinese speculators were driving Vancouver igloos and airboxes to a bubble you were jumped on by globalist scum media and guberment as a racist! But that turned out to be exactly the case. Yer bizarre REIC loving K-dn political correctness is far more than harsh talk.

  23. ‘The current wave of foreclosures is notable because it’s not just speculators or novices affected. Developers with several projects under their belts have been caught out. ‘There are some developers who have successfully developed over the years that are stuck in this situation right now…You have to continue to feed the debt out of your own pocket, and that tends to get expensive, especially in the interest-rate environment that we’re in’

    Most of these clowns are broke-a$$ losers Dylan.

  24. ‘A doorbell camera recorded him allegedly threatening the customer before headbutting him – after the client had confirmed to Mr Calvert he was being recorded – during a July 27 altercation. ‘I’m probably going to punch you in the face right now, c***,’ he allegedly said, before allegedly dragging the client by his leg through the front door’

    Let’s be clear, it’s still a red hotcakes sellers market in Australia. Allegedly.

    1. LReal Estate
      This woman bought 8 rental properties, including 1 for just $1,800, in ‘America’s most unlikely real-estate boomtown’ — how she turned things around, plus 3 easy ways to invest in real estate
      Abandoned properties in Detroit, Michigan, April 13, 2017.
      Patrick Gorski / NurPhoto via Getty
      While we adhere to strict editorial guidelines, partners on this page also provide us earnings.
      Christy Bieber
      Updated Sep 6, 2024

      Chase C. Hunter became a real estate investor after a Google search and a $3,800 initial investment. At the time, while living in Houston, she searched for places she could buy cheap property and found ample opportunities in Detroit, with homes selling for as little as $1,000.

      “I closed on my first two properties the same day in June of 2021,” she told Realtor.com in an article published Aug. 24. “The day I closed was my very first time in Detroit.”

      Both properties came with significant issues. She paid $2,000 for one and $1,800 for the other, renovated them, found renters and began her career as a landlord. She has since repeated this process for eight homes.

      Hunter’s journey was a successful one, thanks to a lot of effort and a little luck, but it wasn’t an easy one.

      Rental properties can require a lot of hands-on labor

      While Hunter paid very little for the two homes she purchased, that was far from the end of the story.

      As explained in the article, she had to invest $85,000 in renovations for the house she bought for $2,000 to ready it for renters. On the second house, purchased for $1,800, she spent $130,000 to convert it into her office because of unexpected water line problems.

      Hunter also moved to Detroit permanently and became a real estate agent last year to further her business efforts. She takes a risk by funding the cost of the renovations on business credit cards. She spends time carefully researching neighborhoods to find good properties, is cautious in choosing contractors, and invests in top-notch security due to Detroit’s high crime rate.

      She also spends more upfront now to buy her properties, but far less to renovate them. She looks for houses that she can turn around quickly and spends around $5,000 to $10,000 to fix them up.

      “At this point, I focus on things I can turn over pretty quickly, such as cosmetic rehabs,” she said. “I look for homes in the $80,000 range, because you spend less on repairs.”

      While her business has been a success so far thanks to this hard work, she also benefited from a major turnaround in Detroit’s real estate market. The median sales price was just $58,900 in 2009, according to Realtor.com, and the city became the largest municipality in U.S. history to file for bankruptcy in 2013, which didn’t help matters.

      Investors like Hunter swept in and took advantage of low prices on properties, helping to usher in a revitalization that has helped push the median sales price up to $250,000 as of May 2024, per Realtor.com. With a meteoric rise in home values, investors will obviously have an easier time making a profit than in markets that are more stable and not prone to such big price increases in such a short time.

      Barely a decade after it declared bankruptcy, The Wall Street Journal stated Detroit is emerging as “America’s most unlikely real-estate boomtown.”

      https://moneywise.com/real-estate/detroit-real-estate-turnaround

      1. When Detroit turns up in a Wall Street Journal article as an investing boomtown, you can rest assured the cheerleaders are on the bus.

  25. Coconut Grove-The Dirty Shames 1966 folk-rock-jug band, Toronto, Yorkville Folk scene

    Chick Roberts Musician-Toronto Folk & Blues

    1 year ago

    Recorded for Phillips Records, 1966, New York City.

    The Dirty Shames – The New York Years
    Amos Garrett-guitar/mandolin/vocals
    Roy Michaels-bass/guitar/vocals
    Chick Roberts-guitar/harmonica/vocals
    Carol Robinson-vocals/washboard
    Joey- drums
    Bob Smith-keyboards/vocals

    Chick Roberts co-founder of The Dirty Shames 1964-1968, and The Sinners 1959-1963. In Toronto’s legendary 1960’s Yorkville Folk music scene Chick was well known as an influential, passionate musical presence. The Dirty Shames performed at college concerts, coffee houses, night clubs and TV shows both in Canada and US. They initially played what the press described as “folk-jug band-ragtime-fun” and the first “modern commercial jug band”. Peter Gzowski wrote “they sound like no other group anywhere”. Led by two actor/musicians/singers Chick and Carol Robinson along with guitar virtuoso Amos Garrett, their original brand of music created a true following. As a live act they were stunning. It was during this period that Amos and Chick took John Hammond, Jr. to see Levon and the Hawks for the first time, the Hawks/aka The Band would later be recommended by Hammond to Bob Dylan. The Dirty Shames recorded six demo songs for Kapp Records (unreleased) produced by Felix Pappalardi (best known for his work with Cream) who also subbed in on bass. They were regulars at venues such as The Riverboat, Penny Farthing, and appeared regularly on CTV’s After Four, Lets Sing Out, Take Thirty, and The Juliette Show. The Dirty Shames were the musical entertainment at The 1964 Liberals Prime Ministers Dinner for Lester Pearson where they were billed as “The Group” due to organizers issue with the bands name. The Liberals loved them. Relocating to New York in 1966, they moved into a more California 60’s folk-rock electric sound after being signed to the Phillips label. Managed by Leonard Cohen’s manager Mary Martin (out of Albert Grossman’s office), they lived at the Chelsea Hotel, recorded two singles, and performed many live gigs including opening for The Velvet Underground at Andy Warhols music venue The Gymnasium. Lou Reed commented that Chick “sounded like that signer Dave Van Ronk”. In his 2012 autobiography Waging Heavy Peace Neil Young mentioned Chick and the Shames from his time in 60’s Yorkville.

    https://www.youtube.com/watch?v=Qint6whl7YM

    2:51.

  26. Do u believe all the recent news stories about how stocks may drop AFTER the Fed starts cutting rates?

    1. US Markets Closed
      Dow Jones -1.01%
      Nasdaq -2.69%
      S&P 500 -1.73%
      META -2.58%
      TSLA -6.68%
      AAPL -0.2%

      Markets
      History shows stocks are in for a 20% drop ahead as the Fed gets set to cut rates
      William Edwards
      Sep 7, 2024, 2:00 AM PDT
      stock trader sad
      Spencer Platt/Getty Images

      – Investors hope the Federal Reserve can engineer a soft landing with upcoming rate cuts.

      – But historically, rate-cutting cycles often precede recessions, leading to rough times for stocks.

      – Recent jobs data shows a cooling labor market, raising concerns about a potential recession.

      https://www.businessinsider.com/stock-market-crash-fed-rate-cuts-recession-sp500-outlook-gold-2024-9

    2. Economy
      A big rate cut this month would create a ‘self-fulfilling prophecy’ of recession fears, economist says
      Kelly Cloonan
      Sep 5, 2024, 10:42 AM PDT
      Collage showing workers’ fears of recession, layoffs
      Getty Images; Jenny Chang-Rodriguez/BI

      – A jumbo rate cut is unwarranted and could spark deeper recession fears, economist George Lagarias says.

      – Those fears could turn into a “self-fulfilling prophecy” as markets panic, Lagarias says.

      – Most investors expect a 25 basis point cut, but some see 50 basis points as increasingly likely.

      https://www.businessinsider.com/fed-rate-cuts-jerome-powell-job-market-slowdown-labor-department-2024-9

  27. nsane: Venezuelan Gang Members Released On $1,000 Bond After Shooting In Aurora

    by Infowars.com
    September 7th 2024, 5:01 PM

    A pair of suspected members of the notorious Venezuelan gang Tren de Aragua (TdA) have been released on bond following their arrests related to a July shooting in Aurora, Colorado.

    Nixon Azuaje-Perez, 19, and Dixon Azuaje-Perez, 20, were taken into custody by Aurora police for evidence tampering related to the incident at the Nome Street Apartments, one of the complexes under occupation by TdA.

    Aurora police confirmed that both Nixon and Dixon posted a $1,000 bond and are no longer in custody, a move that goes directly against Immigration and Customs Enforcement (ICE), which had requested detainers for the two individuals.

    Aurora Police Dept
    @AuroraPD

    AURORA POLICE DEPARTMENT CONFIRMS SUSPECTS ARRESTED FOR SHOOTING IN JULY ON NOME STREET HAVE GANG TIES

    On July 29, the Aurora Police Department arrested Jhonnarty Dejesus Pacheco-Chirinos, age 24, for attempted murder and other charges related to an attempted homicide on July 28 on Nome Street. We can now confirm that he is a documented member of Tren de Aragua (TdA). He is the brother of Jhonardy Jose Pacheco-Chirinos, also known as “Cookie” or “Galleta.” After working with our local, state and federal partners, we are now able to share those gang-related connections. Both Jhonnarty and Jhonardy remain in ICE custody.

    Additionally, two others who were arrested on that same day are suspected gang members. Their names are Dixon Azuaje-Perez, age 20, and Nixon Azuaje-Perez, age 19. Both were arrested for tampering with evidence in the July 28 shooting on Nome Street. These two have gang ties and are suspected to be members of TdA.

    Any presence of criminal activity, including gang activity, will not be tolerated. The Aurora Police Department will continue to fight crime; we will find and arrest those responsible.

    7:38 PM · Sep 4, 2024
    ·
    https://x.com/AuroraPD/status/1831476916093591694

  28. James O’Keefe
    @JamesOKeefeIII

    LEAKED: U.S. Army CUI Documents Reveal Expanding Threat of Venezuelan Criminal Organization ‘Tren de Aragua’ Across NYC and Denver

    @OKeefeMedia has obtained Controlled Unclassified Information (CUI) from the U.S. Army of the North Division, highlighting the growing presence of one of Venezuela’s largest criminal organizations in the U.S. The document states that Tren de Aragua “has established a presence in Brooklyn, Bronx, and Williamsburg, NY,”with “approximately 400 TdA members” living in these cities. The CUI also warns that TdA members in Denver “have been given a ‘green light’ to fire on or attack law enforcement,” with Homeland Security Investigations (HSI) in New York receiving a similar report.

    The document details how the criminal organization is using advanced technology and surveillance, heightening the danger to U.S. military personnel and law enforcement. It states, “Coordinated efforts between local, state, federal law enforcement, and the military are crucial” to protect against these expanding threats.

    With National Guardsmen recently seen in subway stations across New York City, the situation is escalating as Venezuelan gang members, linked to the TdA, have been involved in violent incidents, including an attack on a Colorado apartment complex in late August.

    @USArmy

    @USArmyNorth

    @DeptofDefense

    0:12 / 3:15

    4:04 PM · Sep 6, 2024

    https://x.com/JamesOKeefeIII/status/1832147881454924153

    1. From the article:

      There is no reason for us to wonder why or to investigate. No crime has been committed. They’re here working. They’re adding to the economy.

      The Narrative is that these people are wonderful and we are lucky to have them.

      I’m sure that the members of that small city council have been threatened and/or bribed to accept and promote the Narrative.

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