Sellers In Some Towns Are About To Give Buyers A Windfall Chance At Low Prices
A report from KSBY. “On Friday, at the Central Coast Economic Forecast, Dr. Chris Thornberg, focused on the concept of ‘narrative versus reality’ and the California economy. The message from Dr. Thornberg to the hundreds of people in attendance — the California economy is perfectly fine. ‘Don’t blame the economy. It’s the narrative that’s broken,’ Thornberg said. He provided the audience with a new way to look at California’s economy. ‘If you want to know the way the economy is going, you have to look at both the narrative and the objective reality. Narratives drive choices, but it’s economic reality that determines the outcome of those particular choices,’ Thornberg said. Thornberg also spoke about the California housing market. ‘The real story of housing is not a lack of sales but a lack of supply,’ Thornberg said.”
Axios on California. “San Diego isn’t alone — housing policy is center stage in many of the country’s mayoral elections this year. More than half of San Diego voters cite housing costs as the city’s biggest problem, which is double the next answer: the interrelated homelessness crisis. Mayor Todd Gloria’s reelection campaign is touting his efforts to boost homebuilding, while his opponent, Larry Turner, argues increased development won’t effect affordability. ‘What really does cause the affordability problem in San Diego, it is not the number of housing (units),’ Turner said in the same debate. ‘We have a glut of housing… The problem is it’s not affordable. To just continue to build more in the hopes that it’s just gonna lower the prices, that’s not happening. The outside investors that come to San Diego are the ones raising prices and they donate money to our mayor and he allows them to then knock down homes in single family neighborhoods, and he allows them to build small apartment complexes there.'”
10 News in California. “With the election just around the corner, Kyle Whissel of Whissel Realty Group said whether red or blue, the housing market will be impacted. He said San Diego County has also experienced the slowest home sale rate this year since 2007. ‘If you’re thinking about buying, it makes way more sense to buy now when you have control, as opposed to Q1 or Q2 next year, when I think the sellers will have more control,’ said Whissel.”
The Bakersfield Californian. “Bakersfield wasn’t the issue when Angel Przybylski and her husband left town for South Carolina over the summer. She said it had more to do with California’s governor and the policies coming out of Sacramento. ‘We don’t have to fight as hard to keep our head above water financially here as we did in California,’ said Przybylski, a real estate agent who spent 20 years in Bakersfield after growing up in Southern California. The trend of people leaving Bakersfield is easy to overstate, in that larger cities in the state are experiencing a bigger exodus.”
“Bakersfield home appraiser Gary Crabtree, a longtime observer of the local home market, suggested rising costs are probably what’s pushing people to leave town. Entry-level homes have risen in price by almost a quarter in the last three years, he said by email, partly because material and labor expenses have climbed, and that crime and homelessness have in recent years ‘entered the motivation.'”
The Review Journal in Nevada. “Maria Isabel Macias has had the same dream since she moved to Las Vegas more than a decade ago. ‘I want to own a home,’ said the 58-year-old who was recently out election canvassing in North Las Vegas for the Culinary Union. ‘That is the dream, that is the American dream.’ But things haven’t gone according to plan, as Macias has had to move in with her sister, and the cook who works at Caesars Palace said every year her dream gets farther and farther away and her monthly expenses are not keeping up with her wages. She now feels like she might always be stuck renting and not building wealth through a mortgage payment. Macias said she’s voting for Democrat Kamala Harris and one of the main reasons is Harris’ plan to offer first-time homebuyers a $25,000 down payment support for 400,000 Americans so she can get into the housing market.”
“John Restrepo, a principal with Las Vegas-based RCG Economics, an economic consultancy company, said the housing data over the past decade in the valley tells a compelling story and is in line with Macias frustrations. ‘While Clark County was seen as having an affordable housing market in for many years, that is no longer the case,’ he said. ‘For example, in 2014, the median resale price was $172,800 and the average interest rate on a 30-year mortgage was 4.3 percent.'”
“Las Vegas resident Justin Trippiedi said he doesn’t know too much about Trump’s housing plans, but he knows rent ‘is outrageous.’ He likes Trump’s plans on doing away with taxes on tips. Mylissa Kurz, a Las Vegas resident dressed as Morticia Addams, said Trump is hoping to make housing cheaper, but she said there’s more pressing issues to deal with, like the border and ‘getting rid of the nasty Democrats.’ When told about Trump’s plan to help open up federal land for more housing development, Trippiedi said he believes that’s a good idea. ‘There’s way too much of it, to be honest,’ Trippiedi said. ‘There’s way too much of it, to be honest. There’s so much government land out there. If it’s absolutely necessary to the ecosystem, OK. But just to have miles and miles of land, what do we do with it?'”
KOMO in Washington. “As a fifth generation Seattlelite, Tanya Woo said giving people and businesses in marginalized communities a voice is a major part of her platform in the race to keep her city-wide council seat. ‘When we uplift our small businesses, our city does better and our neighborhoods do better,’ she explained. Voters are making the issues they care about known in this election cycle. ‘The people doing amphetamines and opiates on the streets,’ voter Cyrus Mehta stated.”
Boston.com in Massachusetts. “There have long been homeless people in Davis Square. But this summer, neighbors with and without homes agree, something was different. A rise in unsheltered homelessness here, mainly in two parks near the MBTA stop, was hard to ignore, as were reports of open drug use and drug dealing, discarded needles, and violence — notably, two back-to-back stabbings in September in which four people were injured. Some neighbors felt newly uneasy running errands after dark or about the growing crowd of people injecting drugs near two day cares. The issue has fueled a roiling debate among residents of this progressive city about how to address the sudden surge in the heart of a busy neighborhood without simply pushing a vulnerable population elsewhere.”
“‘It’s not the same vibe,’ said Gail, 73, who lives down the street from Statue Park and didn’t want her last name published because she worried what some neighbors might say about her comments. ‘It doesn’t feel right,’ she said, standing on the sidewalk. She said she has been confronted many times walking past the park by people asking for money or in a state of distress. ‘I don’t go near this area at all anymore,’ she said.”
“Her feelings were echoed Wednesday at a public meeting at a local Baptist church, where the city’s mayor and police addressed the sudden rise in homelessness to a packed crowd. ‘This is a family city,’ said one woman who like many others didn’t share her name. ‘How are we supposed to raise children in Davis Square?’ Another called for for a ‘zero tolerance’ policy for opioids.”
From Realtor.com. “Homebuyers in Phoenix and two other sunny locales are about to catch a much-needed break in their search for the perfect forever home. However, as Realtor.com® senior economist Ralph McLaughlin notes, ‘buyers looking for more favorable market conditions have to wait about a month longer than the nationwide average’ in places like Phoenix, Tampa, FL, and Raleigh, NC. With Phoenix’s median list price hovering just under $520,000 in October, Arizona real estate agents say buyers should make a move. Luckily for buyers, real estate agent Stacy Miller says she’s never seen a market that’s quite like this one. ‘Prices, as well as seller terms and concessions, seem to be more negotiable than ever,’ she says. ‘Some incredible homes in great school districts are sitting longer than I would expect.'”
“Next week, Tampa homebuyers will enjoy a potential savings as much as $21,000 below peak—perfect for a Riverwalk shopping spree. October median list price: $450,000. Discount next week vs. peak: -6.0%.”
Gulf Shore Business. “Realtors and analysts are monitoring recent residential real estate transactions in Southwest Florida to gauge whether prices will remain steady, decrease or increase in the aftermath of hurricanes Helene and Milton. Shelton Weeks, Lucas Professor of Real Estate at Florida Gulf Coast University, referred to Charlotte County as ‘an area double hit with flooding’ over the last month, noting that buyers have more of an awareness of flood risks. A new state law that went into effect Oct. 1 mandates sellers disclose whether their homes have been flooded, said Carla Nix, a residential Realtor in Punta Gorda. ‘We see people buying as is,’ she said.”
“The latest statistics from Realtors of Punta Gorda-Port Charlotte-North Port-DeSoto Inc. are from September’s transactions and show Charlotte County inventory for single-family homes was at 6.6 months while inventory for condos and townhomes stood at 9.4 months. The median price for single-family homes was $335,250, down from August’s $350,000. Also, there were fewer closed sales in September – 346 versus 486 in August. Weeks and her husband Danny Nix, who sells commercial real estate, agreed until inventory levels decrease, it will generally remain a buyer’s market.”
WPTV in Florida. “More than three weeks after the tornadoes from Hurricane Milton, storm victims are now finding out about the process of navigating homeowners insurance. Near Fort Pierce, Shane Ostrander — whose house was leveled by a tornado — is now dealing with Citizens Insurance. He and his wife survived by hiding in a bedroom closet. He told WPTV that Citizens Insurance is already moving towards a settlement, which he is still going through. ‘With the value we’re getting, we’re not able to buy a used or new home in our area,’ Ostrander said. ‘I’m hoping that we’ll be able to rebuild.’ For many people, it’s the first time they’re dealing with claims, and doing it under some of the worst circumstances. ‘It’s a roller coaster,’ Ostrander said. ‘Some days are very hopeful and feeling good and then the next day you wake up feeling sad, feeling sorry for yourself.'”
The Financial Post in Canada. “Buy low, sell high, they say. Well, it looks like condo sellers in some towns (looking at you, Toronto) are about to give buyers a windfall chance at low prices. The psychology in some of Canada’s biggest condo markets , particularly those with large immigrant populations, has been deteriorating for months, but the meltdown is worsening. It may not be a Chernobyl — because prices will someday recover — but it’s definitely feeling Three Mile Island-esque.”
“Metro Toronto is dealing with: A record number of condo listings (up 38 per cent year-over-year). ‘Two years of record condo completions ahead, through 2026,’ according to housing analyst Ben Rabidoux. Plummeting third-quarter condo sales (especially for new condos, which are at their lowest since 1995 according to Urbanation). A 46.6 per cent surge in condos listed for rent in Q3, according to the Toronto Regional Real Estate Board (TRREB). Unsold new condo inventory that’s 56 per cent above the latest 10-year average, per Urbanation. Surging days on market (up 43 per cent year-over-year). Diving rents as those who can’t sell try to generate cash flow. ‘Deeply cash flow negative’ rents for investors at 80 per cent loan-to-value — and that’s despite falling mortgage rates, says Rabidoux.”
“More aggressive price discounting from developers who held back units (‘Many were hoping they could sell them at inflated prices once the condo corporation was registered,’ says mortgage broker Ross Taylor of Concierge Mortgage Group.) Supply from the small percentage of panicked sellers who can no longer qualify for a mortgage on the condo they overpaid on a few years ago, often because it won’t appraise for the purchase price. You get the picture.”
“Pro tip: ‘RBC is often the lender of choice for new construction projects,’ Taylor says. ‘RBC locks in the value at the purchase price no matter what the eventual truth is. This is a big boon to buyers whose homes are now valued less than the purchase price.’ In the GTA, TRREB says third-quarter condo resales dropped 4.4 per cent while listings jumped 10.6 per cent. But that’s before the government’s bombshell announcement that it was slashing Canada’s population for the next two years. Talk about kicking the legs out from under a market. Condos in places like metro Toronto, Vancouver and Montreal are heavily tenanted by temporary residents and immigrants.”
“By the way, Canada’s annual population has never fallen in records going back to Confederation in 1867. Why the feds had to play economic Russian roulette and make population growth negative (-0.2 per cent a year for two years) is beyond logic. Rebalancing housing demand to supply is one thing; levelling an immigrant-dependent economy in the process is another. And God forbid that the Bank of Canada chooses not to drop rates the 100 basis points the bond market ’s projecting. If they don’t, the condo demand picture could get even uglier. Even if you have Warren Buffett’s credit score and can easily get financed, timing is everything. ‘I’d sit on the sideline and see what plays out for the next year,’ Rabidoux says about condo bottom picking.”
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‘For example, in 2014, the median resale price was $172,800 and the average interest rate on a 30-year mortgage was 4.3 percent’
Notice how nobody talks much about how all these sh$tholes like Phoenix, Las Vegas and Tampa have $500,000 shacks that cost half of that 10 years ago. Same shacks. That didn’t just happen.
“That didn’t just happen.”
Apparently you didn’t swallow our free-market trope.
“Notice how nobody talks much about how all these sh$tholes like Phoenix, Las Vegas and Tampa have $500,000 shacks that cost half of that 10 years ago. Same shacks. That didn’t just happen.”
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– LV, NV example from zillow.com:
https://www.zillow.com/homedetails/8431-Sequoia-Grove-Ave-Las-Vegas-NV-89149/80188023_zpid/
Price history
Date Event Price
10/8/2024 Price change $399,900-1.3%$232/sqft
Source: GLVAR #2618290
9/24/2024 Listed for sale $405,000+27.8%$235/sqft
Source: GLVAR #2618290
4/15/2021 Sold $317,000+0.6%$184/sqft
Source: GLVAR #2276268
3/12/2021 Pending sale $315,000$183/sqft
Source: GLVAR #2276268
3/7/2021 Listed for sale $315,000+60.7%$183/sqft
Source: GLVAR #2276268
5/19/2016 Sold $196,000$114/sqft
Source: GLVAR #1618975
4/10/2016 Pending sale $196,000$114/sqft
Source: Easy Street Realty Las Vegas #1618975
4/9/2016 Price change $196,000+0.5%$114/sqft
Source: Easy Street Realty Las Vegas #1618975
4/5/2016 Listed for sale $195,000$113/sqft
Source: Easy Street Realty Las Vegas #1618975
3/31/2016 Pending sale $195,000$113/sqft
Source: Easy Street Realty Las Vegas #1618975
3/28/2016 Listed for sale $195,000+80.6%$113/sqft
Source: Easy Street Realty Las Vegas #1618975
5/31/2011 Sold $108,000+8%$63/sqft
Source: Public Record
3/9/2011 Price change $100,000-4.8%$58/sqft
Source: Keller Williams Las Vegas #1036497
1/21/2011 Price change $105,000+16.7%$61/sqft
Source: Keller Williams Las Vegas #1036497
1/7/2011 Price change $90,000-14.3%$52/sqft
Source: Keller Williams Las Vegas #1036497
12/10/2010 Price change $105,000-4.5%$61/sqft
Source: Keller Williams Las Vegas #1036497
12/3/2010 Price change $110,000-4.3%$64/sqft
Source: Keller Williams Las Vegas #1036497
11/26/2010 Price change $115,000-4.2%$67/sqft
Source: Keller Williams Las Vegas #1036497
11/18/2010 Price change $120,000-4%$70/sqft
Source: Keller Williams Las Vegas #1036497
10/22/2010 Listed for sale $125,000+8.7%$73/sqft
Source: Keller Williams Las Vegas #1036497
7/4/2010 Listing removed $115,000$67/sqft
Source: Keller Williams Realty Las Vegas #1036497
5/29/2010 Price change $115,000-9.8%$67/sqft
Source: Keller Williams Realty Las Vegas #1036497
5/22/2010 Price change $127,500-8.9%$74/sqft
Source: Keller Williams Realty Las Vegas #1036497
5/15/2010 Price change $140,000-12.5%$81/sqft
Source: Keller Williams Realty Las Vegas #1036497
5/8/2010 Price change $160,000-13.5%$93/sqft
Source: Keller Williams Realty Las Vegas #1036497
4/30/2010 Listed for sale $185,000-21.3%$107/sqft
Source: Keller Williams Realty Las Vegas #1036497
11/2/2007 Sold $235,000$136/sqft [HOUSING BUBBLE 1.0]
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– How did this happen? The gooberment – including it’s lapdog central bank, the Fed – did this. It was and is intentional. It was and is policy. Housing is now completely unaffordable to the average shelter-buyer.
– History shows that asset bubbles always burst. The current level of fiscal stimulus ahead of the election along with current asset prices are of course not sustainable. Let’s see what happens after the election.
https://data.sca.isr.umich.edu/get-chart.php?y=2024&m=9&n=41h&d=ylch&f=pdf&k=7ed14a9a7106412e451f4e4b5f6f91a70a29bf90073bae99276eb4b490f183db
University of Michigan Surveys of Consumers
Charts — September 2024
CHART 41: BUYING CONDITIONS FOR HOUSES
“The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’ ”- Ronald Reagan – 40th president of US (1911 – 2004)
“I abandoned free market principles to save the free market system.” – George W. Bush, on CNN, December 16, 2008
“Inflation is a monetary phenomenon. It is made by or stopped by the central bank.” – Milton Friedman
“The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.” – Ludwig von Mises
“Having experienced the damage that asset price bubbles can cause, we must be especially vigilant in ensuring that the recent experiences are not repeated.” – Ben Bernanke, Federal Reserve Chair, January 3, 2010
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https://www.washingtonpost.com/wp-dyn/content/article/2010/11/03/AR2010110307372.html
washingtonpost.com > Opinions
What the Fed did and why: supporting the recovery and sustaining price stability
By Ben S. Bernanke
Thursday, November 4, 2010
“The FOMC decided this week that, with unemployment high and inflation very low, further support to the economy is needed. With short-term interest rates already about as low as they can go, the FOMC agreed to deliver that support by purchasing additional longer-term securities, as it did in 2008 and 2009. The FOMC intends to buy an additional $600 billion of longer-term Treasury securities by mid-2011 and will continue to reinvest repayments of principal on its holdings of securities, as it has been doing since August.”
“This approach eased financial conditions in the past and, so far, looks to be effective again. Stock prices rose and long-term interest rates fell when investors began to anticipate the most recent action. Easier financial conditions will promote economic growth. For example, lower mortgage rates will make housing more affordable and allow more homeowners to refinance. Lower corporate bond rates will encourage investment. And higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending. Increased spending will lead to higher incomes and profits that, in a virtuous circle, will further support economic expansion.”
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https://www.reuters.com/article/breakingviews/breakingviews-chancellor-the-mother-of-all-speculative-bubbles-idUSKCN1LR2AU/
Tue Sep 11, 2018 / 2:56 PM EDT
Breakingviews – Chancellor: The mother of all speculative bubbles
Edward Chancellor
LONDON (Reuters Breakingviews) – In 1776, English man of letters Horace Walpole observed a “rage of building everywhere”. At the time, the yield on English government bonds, known as Consols, had fallen sharply and mortgages could be had at 3.5 percent. In the “Wealth of Nations”, published that year, Adam Smith observed that the recent decline in interest had pushed up land prices: “When interest was at ten percent, land was commonly sold for ten or twelve years’ purchase. As the interest rate sunk to six, five and four percent, the purchase of land rose to twenty, five-and-twenty, and thirty years’ purchase.” [i.e. the yield on land fell from 10 percent to 3.3 percent]. Smith explains why: “the ordinary price of land … depends everywhere upon the ordinary market rate of interest.”
“That’s because the interest rate discounts and places a capital value on future income. All the great speculative bubbles in the past – from the tulip mania of the 1630s through to the global credit bonanza of the last decade, have occurred at times when interest rates were abnormally low.”
“The trouble is that after the Lehman Brothers collapse, central bankers refused to accept this fact. The position of Ben Bernanke’s Federal Reserve was that the real-estate bubble was caused by lax regulation rather than his predecessor Alan Greenspan’s easy money.”
“If this were true, then taking short-term rates down to their lowest level in history – to zero in the United States and negative in Europe and Japan – was sensible. But if Smith was correct, then monetary policy in the wake of Lehman’s bust was a case of the hair of the dog.”
“In the last decade the world has witnessed bubbles galore: in industrial commodities and rare earths; in U.S. farmland and Chinese garlic bulbs; in fine or not-so-fine art, depending on your taste; in vintage cars and fancy handbags; in “super-city” properties from London to Hong Kong, and across China’s tier-one cities; in long-dated government bonds; in listed and unlisted technology stocks; and in the broader American stock market.”
“Fed officials notoriously failed to spot the real-estate bubble until after it burst. That’s because the current generation of monetary policymakers were schooled in the belief that bubbles didn’t exist. The experience of the subprime crisis apparently left them not much wiser. In April 2016, Fed Chair Janet Yellen, flanked by former Fed chiefs Paul Volcker, Greenspan and Bernanke, denied that the United States was a “bubble economy”. A bubble market, said Yellen, was one that is “clearly overvalued” and marked by strong credit growth.“
When the government says they want land (housing) prices to go down, and at the same time are manipulating interest rates down, they are simply telling a lie.
A bubble market, said Yellen, was one that is “clearly overvalued” and marked by strong credit growth.“
“Strong credit growth” = the population being reduced to the status of debt serfs on the globalists’ incorporated neoliberal plantation. This is globalism distilled to its essence.
I think it comes down because of the financialization of everything available for “investors” looking to make big gains wherever possible.
SF housing became a tantalizing option and whammo big huge investor dollars changed the SFH game dramatically, leaving behind the people that sfh were previously were used by, drum roll please; SINGLE FAMILIES.
Realtors are liars.
And here’s your proof….
‘If you’re thinking about buying, it makes way more sense to buy now when you have control, as opposed to Q1 or Q2 next year, when I think the sellers will have more control,’ said Whissel.”
Weeks and her husband Danny Nix, who sells commercial real estate, agreed until inventory levels decrease, it will generally remain a buyer’s market.”
If two realtors spawn a child, what are the odds that it will be genetically imprinted to grow up a liar?
It’s a dominant gene.
Nature vs. nurture…if you grow up in a household where lying is essential to your success as a realtor, the apple might not fall far from the tree.
“If two realtors spawn a child…”
The real dad might be a f* buyer, so it could end up being an easy mark and a liar. A stucco tragedy!
The message from Dr. Thornberg to the hundreds of people in attendance — the California economy is perfectly fine. ‘Don’t blame the economy. It’s the narrative that’s broken,’ Thornberg said.
Zero credibility, yet hundreds of sheeple go to see this clown.
‘We have a glut of housing… The problem is it’s not affordable. To just continue to build more in the hopes that it’s just gonna lower the prices, that’s not happening. The outside investors that come to San Diego are the ones raising prices and they donate money to our mayor and he allows them to then knock down homes in single family neighborhoods, and he allows them to build small apartment complexes there.’
I don’t see San Diego housing becoming affordable again until the bubble resoundingly pops and the investors get schooled on the downside of high risk gambling activities.
+1
The outside investors that come to San Diego are the ones raising prices and they donate money to our mayor and he allows them to then knock down homes in single family neighborhoods, and he allows them to build small apartment complexes there.’”
Your treasonous mayor also facilitates the mass influx of illegals who need to be housed and are a massive drain on social services.
Your treasonous mayor also facilitates the mass influx of illegals who need to be housed and are a massive drain on social services.
SD needs moar dishwashers!
While your property taxes go to pay for their children flooding the school system and their unreimbursed visits to the ER.
Can a hurricane shut down the entire U.S. labor market? How does that work?
Economy
The U.S. added just 12,000 jobs in October as a strike and hurricanes hit employment
Temporary factors aside, the labor market continues to cool even as the broader economy remains sturdy on the eve of Election Day.
A construction worker removes a bathroom that was damaged in Hurricane Helene in Indian Rocks Beach, Fla., on Oct. 18, 2024.
Bob Croslin for NBC News
Nov. 1, 2024, 2:00 AM PDT / Updated Nov. 1, 2024, 6:46 AM PDT
By Rob Wile
The United States added just 12,000 jobs last month, a figure economists say was impacted by two hurricanes and a strike. Yet, even with those caveats, the report pointed to a cooling labor market.
The latest payrolls figure marked the fewest monthly job gains since December 2020, during the depths of the Covid pandemic, with the Bureau of Labor Statistics saying the U.S. effectively added no new net payrolls last month. Analysts had expected to see 110,000 jobs added in October.
Mucinex
…
https://www.nbcnews.com/business/economy/september-2024-jobs-report-what-it-means-hurricanes-boeing-strike-rcna178302
The U.S. added just 12,000 jobs in October
plus or minus 100,000.
That’s funny
No,
only governments (democrats almost exclusively) using authoritarian methods (of which conservatives are usually accused by MSM) can do that.
Saying not sawing.
The outside investors that come to San Diego are the ones raising prices and they donate money to our mayor and he allows them to then knock down homes in single family neighborhoods, and he allows them to build small apartment complexes there.’”
Private equity locusts & The Cabal own both wings of the Republicrat duopoly, which serves only their interests and gives the Fed free rein to flood the financial system with trillions in Yellen Bux funny money. As long as millions of zombies go on voting for more of the same, they lose the right to complain about unaffordable housing costs.
Mylissa Kurz, a Las Vegas resident dressed as Morticia Addams, said Trump is hoping to make housing cheaper, but she said there’s more pressing issues to deal with, like the border and ‘getting rid of the nasty Democrats.’
Trump has never acknowledged the Fed’s central role in making housing unaffordable, and during his time in office pushed Jerome Powell to be even more “accomodative” with the Fed’s loose monetary policies that were the #1 driver of the Everything Bubble. JD Vance seems to have a favorable opinion of Ron Paul, who was our last best chance to expose the Fed and its fiat currency fraud.
More mass fast food restaurant closings in Paul Krugman’s strongest economy ever. Between soaring food and labor costs and employees having to contend with out-of-control vibrancy, most fast food establishments in or near Democrat-Bolshevik malgoverned municipalities are doomed.
https://www.cnn.com/2024/11/01/food/wendys-closures/index.html
But in flyover, especially tiny towns in the west, fast food is often the only option…
Fast food has become a date night luxury in our Strongest Economic Recovery Ever.
I went to get some Culver’s last night, around 6. The drive thru line was shorter than usual. But across the street the McDonald’s had no line at all.
I’ve heard about this Culvers food chain for a number of years now, always with high praise.
whaddya say we swap you a few In-n-Outs from here in N. CA?
long lines included, no extra charge . . haha.
We have an In-N-Out, but it’s at the other end of town.
The nearby Culvers was built where an old A&W used to be. They closed their doors over 10 years ago. A series of Mom-n-Pop burger joints gave it a shot, and also failed. Culver’s bulldozed the old A&W building. Part of the appeal of Culver’s is the ice cream.
The In-N-Out was built on the site of a former Mimi’s Cafe. Also bulldozed.
“Next week, Tampa homebuyers will enjoy a potential savings as much as $21,000 below peak—perfect for a Riverwalk shopping spree. October median list price: $450,000. Discount next week vs. peak: -6.0%.”
Still insanely overpriced, but truth isn’t conducive to Always Be Closing.
Oops, almost forgot: realtors are liars.
Macias said she’s voting for Democrat Kamala Harris and one of the main reasons is Harris’ plan to offer first-time homebuyers a $25,000 down payment support for 400,000 Americans so she can get into the housing market.”
yea sure that will happen
“Macias said she’s voting for Democrat Kamala Harris and one of the main reasons is Harris’ plan to offer first-time homebuyers a $25,000 down payment support for 400,000 Americans so she can get into the housing market.”
“If socialists understood economics they wouldn’t be socialists.”
― Friedrich Hayek
– What that will do is raise house prices and general price inflation, but their low information D base voters don’t understand that. This is a feature and not a bug of our
educationindoctrination system.– It’s just another subsidy, when the gooberment shouldn’t be in housing – or any other market – to begin with. Same problem with max. house loan caps. Same problem with student loan caps. and tuition. The politicians know this, but the optics are good for the ignorant voter. This is essentially buying votes. Same as for student loan “forgiveness.”
“Government does not solve problems; it subsidizes them.” – Ronald Reagan
“If you want more of something, subsidize it; if you want less of something, tax it.” – Ronald Reagan
Subsidies are a shell game, not a net addition to national wealth. – Thomas Sowell
“There’s no such thing as a free lunch.” – Milton Friedman
“The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money.” – Alexis de Tocqueville
“If socialists understood economics they wouldn’t be socialists.” ― Friedrich Hayek
Sorry bruh, gonna steal this one!
yea sure that will happen
It got her low information voter vote however!
Alexander Fraser Tytler
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury..”.
It got her low information voter vote however!
As Annie Lennox once sang: “Everybody’s looking for something.” And in this case it’s free sh!t they are looking for.
Of course if a government has policies that make it impossible for most people to get ahead, then they will be very responsive to potential free money offers, even though they won’t come through.
Things I worry about when voting this year.
https://x.com/WallStreetSilv/status/1852636773177753914
LMAO – the DNC & Kamala campaign aren’t about to give a vengeful Pedo Joe a chance to torpedo Comrade Kamala’s already floundering campaign with his dementia-addled outbursts – or calculated paybacks to his treacherous DEI hire VP for throwing him under the bus.
https://nypost.com/2024/11/01/us-news/biden-campaign-calls-scrapped-amid-garbage-remark-backlash/
The globalist oligarchs who own the globalist scum media are shrewd enough to realize their “investments” are hemorrhaging money as the vast majority of Americans no longer trust the garbage legacy media and subscribers are refusing to pay for globalist propaganda & DNC talking points. Nobody under 35 gets their news & information from the MSM, and as all the old Boomer libtards die off, so will the subscriber base for the WaPo and its ilk.
https://www.washingtonpost.com/opinions/2024/10/28/jeff-bezos-washington-post-trust/
[A non-housing related article.]
The Paradigm Shift Is Here.
https://www.zerohedge.com/political/paradigm-shift-here
Some wild shifts are taking place in our time…
The low-tariff global trade order is falling apart.
Nationalist movements are gaining strength in every Western nation, not just the United States.
The major media is under serious financial strain to the point that the owner of the Washington Post has penned an editorial decrying the tendency to speak only to elites.
A presidential candidate is talking about scrapping the income tax.
The Supreme Court earlier this year ruled that 40 years of regulatory jurisprudence is essentially contrary to the Constitution.
The list goes on and on with the rise of homeschooling, the reliance on alternative media, the dramatic shift in partisan affiliations over healthy food, the unpredictable alliances over the U.S. role in the world, and so much more.
People are asking fundamental questions about issues that only a few years ago seemed fully settled. What was stable is unstable and what was believed by nearly everyone is now widely doubted.
It’s enough to make one’s head spin. What is happening and why is it happening?
The short answer is that we are living through a class paradigm shift.
One is going away and another is coming. We are in pre-paradigmatic times, which are surely the most exciting times to be alive.
The word paradigm entered into the mainstream of thought with an important book by Thomas Kuhn. His “The Structure of Scientific Revolutions” appeared in 1962, and it completely upended the dominated assumptions about how science works.
More than that, it implicitly shook how people came to understand how progress takes place. He said it is not a linear process with every generation absorbing the best from the last but rather that progress is episodic, a shift from success to failure and back again, through titanic movements of large paradigms.
Kuhn arrived at this conclusion by looking at the long history of science and noticing the tendency toward complacency around an orthodoxy of some sort. This is the period he calls “normal science.” The practitioners have all been schooled in a certain way, deferring to teachers and dominant institutions that have captured government and the public mind. It’s a way of understanding the world and within that the main practitioners focus on problem-solving and applications.
This period of normal science can last a month or decades or centuries, rarely questioned. And then something happens. Kuhn writes that this orthodoxy comes to be challenged by certain features of reality that are not explained by normal science. Once these are more closely investigated, the anomalies start to pile up and then overwhelm the explanatory power of the settled paradigm. The longer this goes on, the more the paradigm comes under strain, as a new generation seizes on the failures and highlights the incapacity of the orthodoxy to account for the reality all around us.
That’s when the settled science breaks down. It can happen slowly or quickly, and sometimes paradigms overlap both in their popularity and their collapse. That collapse does not mean that every mind is changed. Kuhn observes that the practitioners of the old science continue on their merry way through retirement and final expiration, while the younger people work on cobbling together a new way of thinking that gradually emerges as the dominant paradigm.
Kuhn was writing about science and the profession thereof but his insight has broad application to sociological, cultural, and political ideas too. They do not evolve in a linear fashion, piling victory upon victory, as a Whiggish perspective of the 19th century would have it. Instead, change occurs episodically. One generation is as likely to forget the wisdom of the past as it is to overthrow the orthodoxies of the present. We are in a forever state of cobbling together truth rather than progressively unfolding it.
We’ve seen this happen in the postwar world, as planners built structures that were supposed to govern the world forever. But in a few short years, the world came to be divided rather than united by the Western perception of the new threat of Russian imperialism. That created the Cold War which lasted for 40 years until a new “end of history” was born, which put freedom, democracy, and U.S. hegemony on the commanding heights. That turn has been challenged by the rise of China and huge industrial shifts in the 21st century.
If we were to name one dominant factor that has provoked the big change in our time, it would have to be the global response to the lab-created virus of SARS-CoV-2, which was met with Chinese Communist Party-style universal quarantines all over the world, and followed by shot mandates on most public institutions and many private businesses. These policies were extreme beyond which had been practiced in any period of history but also, and in many ways, merely an extension of the “normal science” of times.
The media, large corporations, and nearly all governments got behind the pandemic response and jeered the non-compliers. This was a huge error because it gave rise to a full generation of the incredulous who lost trust in elites at all levels: medical, academic, media, and government. It has all fallen apart in our time, leaving people scrambling in all directions for explanations of what could have gone so wrong and what should be done about it.
What fascinates me about our election year is not so much the issues on the table but the underlying template that everyone knows is there but no one dares mention; namely the utter discrediting of elite opinion over the last four years.
The claims of the experts simply became too implausible to compel public assent. And this time it was personal. People’s schools and churches were closed, loved ones forced on ventilators to die alone, and whole communities were shattered when public spaces were blocked.
In other words, the “normal science” became a threat to people’s lives, especially once the vaccine mandates came along that most people did not want or need and which ended up being far less effective and far more dangerous than advertised. That was the turning point, the mark at which the anomalies overwhelmed the orthodoxies and the expert classes fell into disrepute.
Nothing about any of this would shock Thomas Kuhn, who gave us a map of understanding back in 1962. Finding that new way of thinking is the essence of our times, which is why everything seems to be in question. The other day, Elon Musk suggested cutting $2 trillion next year from the federal budget. It barely made the headlines, even though it is a highly credible promise.
That’s the new world in which we live. It is being built on the embers of the old.
To be sure, this shift will not happen all at once. It will happen in fits and starts and be accompanied by a great deal of alarm and even pain along the way. But one way or another, it is going to happen, and for one simple reason. As Jeff Bezos explained in the Washington Post, reality is an undisputed champion.
Weeks and her husband Danny Nix, who sells commercial real estate, agreed until inventory levels decrease, it will generally remain a buyer’s market.”
I wonder how many realtors genuinely believe their own lies.
Every one of them I”ve ever met (either personally or in business) totally believes it. hook, line and sinker.
The median price for single-family homes was $335,250, down from August’s $350,000.
You’d have to be a special kind of stupid to sign on Mr. Banker’s dotted line for an “asset” that just shed $14,750 in Yellen Bux “value” in a single month, with downside risk vastly outweighing any upside potential.
‘Deeply cash flow negative’ rents for investors at 80 per cent loan-to-value — and that’s despite falling mortgage rates, says Rabidoux.”
Die, speculator scum.
A reader sent these in:
New home builders are NOT building “missing middle” homes.
Not because of zoning but because builders don’t want to.
Pinal county is the southeastern part of metro Phoenix. A ton of new single-family homes are being built out there but not “missing middle” homes.
https://x.com/JohnWake/status/1852468521126531497
Mortgage sector in shambles
https://x.com/DonMiami3/status/1852465111199576497
Yes it is. Texas mortgage broker here. My office is feeling some pain. Much worse than 2008 2009
https://x.com/travis_palm/status/1852486599432441897
Wall Street is way out over its skis on a *new paradigm*, *permanently high plateau* *zero risk world* narrative right now.
We’ll see how it plays out into late Q4 & early next year with a weakening labor backdrop.
https://x.com/DonMiami3/status/1852449234634801610
Americans looking for full-time employment jumped by 225,000 in October
https://x.com/MacroEdgeRes/status/1852366696780026190
The two sectors that kept the October establishment report positive were…
Education & government…
The private sector lost jobs for the first time since December 2020.
https://x.com/DonMiami3/status/1852354877839585777
This morning’s narrative is that we should ignore the payroll survey because it was distorted by the hurricane and should focus instead on the household survey. Okay…. but employment fell by 368K in the household survey.
https://x.com/PeterBerezinBCA/status/1852344715619848580
Still seeing ppl holding onto negative cash flow investment properties, hoping for a rebound
Then there are those who couldn’t sell, decided to move out, and are now renting their own 🏠 while renting elsewhere
Both are waiting for the RE market to turn around
https://x.com/ShaziGoalie/status/1852360979314577675
Welcome to Canadian real estate. 🤫🇨🇦
https://x.com/ManyBeenRinsed/status/1852395725868437807
Remember all the proposals last 12-18 months of property tax hikes of 10%+ in Ontario cities?!!
Funny how everyone forgets they are all getting massive tax hikes over the coming months.
But yo … interest rates 📉
https://x.com/ManyBeenRinsed/status/1852334383891427406
How common it was in 2022 for move-up buyers to keep and rent out their old homes because their old houses had super low mortgage rates, and rents had skyrocketed (and Airbnbs were hot)?
Those landlords will have to sell those houses in 2025 or lose the $250K to $500K capital gains tax exclusion.
https://x.com/JohnWake/status/1852464588140535906
Super Micro Computer, $SMCI, joined the S&P 500 on March 18th, 2024.
Since then it is down 77% (!!!).
The S&P 500 inclusion was the top.
https://x.com/unusual_whales/status/1852442438323077378
I remember times when McDonalds was a cheap meal. Now it is a luxury for many. Irresponsible fiscal and monetary policy triggering inflation always impacts poor people most.
Socialists always want to print more money. If they understood economics, they wouldn’t be socialists.
https://x.com/MichaelAArouet/status/1852261792556143017
The average interest paid on US small business short-term loans spiked to 10.1%, the most in at least 13 years.
Interest rates have now doubled in just 3 years.
To put this into perspective, prior to the pandemic, interest rates on these loans averaged around 6.0%.
Largely due to higher rates, small business earnings are now at their second-lowest level since the 2008 Financial Crisis, according to NFIB data.
https://x.com/KobeissiLetter/status/1852436738700128441
This is the most important post-jobs-data tweet trending today.
Politicized pundits relish in touting resilience of U.S. economy & consumer.
How do you square this cheerleading with a loss of 1.45 million private sector jobs in the last 12 months?
https://x.com/DiMartinoBooth/status/1852434048628731976
Why the evidence shows the U.S. @federalreserve
doesn’t have a serious theory on inflation, and instead seems focused only on inflating financial assets, benefitting the rich (i.e., the top 10%) to the detriment of most of our fellow Americans (the bottom 90%)
https://x.com/GordonJohnson19/status/1852294978279448588
Updated Today on Halloween: Restaurant Performance Index continues to show horror with officially 1 full year (12 straight months) of current conditions contraction
WEAK SAME STORE SALES: The last time the same store sales beat the previous YoY comparison was Dec 2023. Now that we’re at a full year of current conditions contraction, it gets easier to lapse weak earnings from last year, but even that isn’t a guarantee.
TRAFFIC DECLINES: at 18 straight months now
https://x.com/MichaelKudrna/status/1852239741506171016
Over the last year, native-born Americans have lost almost 800k jobs while foreign-born workers have gained over 1 million jobs; the US labor market is turning into a temp agency for foreign workers and gov’t bureaucrats.
https://x.com/RealEJAntoni/status/1852349130783203518
Is it me, or does it look like construction jobs are about to fall off a cliff? 👇🏼
https://x.com/MauiBoyMacro/status/1852377312144097527
Where did all the “rate cuts will be good for housing” folks go? 👇🏼
https://x.com/MauiBoyMacro/status/1852390656209232163
DC real estate has been a bit slower the past few years. As a result, I’ve been expanding my efforts to the suburbs of DC, mostly MD. The complete lack of knowledge and professionalism that exists in real estate in those markets is astounding. Inexperienced, stress filled, bad advice, useless action steps and endless fabricated drama.
I don’t want to paint the entire area with a brush as every region has the good, bad and ugly. For some reason, there is just so much more bad and ugly.
I’ve been so spoiled the past 15 years being in the city dealing with top people who truly view the business as a profession, and not a hobby! I can’t wait until DC pops again so I can go back to enjoying my old life.
https://x.com/AdvisorJohn/status/1852486530474160607
Uncanny – who knew?
https://x.com/GrrrGraphics/status/1852154005688037490
“Politicized pundits relish in touting resilience of U.S. economy & consumer.
How do you square this cheerleading with a loss of 1.45 million private sector jobs in the last 12 months?”
Paul Krugman muh best economy ever.
Why the feds had to play economic Russian roulette and make population growth negative (-0.2 per cent a year for two years) is beyond logic.
Canada’s globalist scum media, like our own, is all in on promoting the Great Replacement, and is having hissy fits as Fidelito’s deepening unpopularity amid Canada’s doom loop socioeconomic picture thanks to globalist-imposed policies forces him to throttle back on the Liberal Party’s mass importation of 3rd World migrants.
EDITORIAL: Another step down the slippery slope
A recent report by the Ontario coroner has raised eyebrows with revelations about who is receiving assisted suicide and why.
When Medical Assistance in Dying (MAiD) legislation was passed in 2016, it was regarded as a progressive, humane action that would help people whose deaths were reasonably foreseeable.
After constitutional challenges, the law was expanded in 2021 to allow for “Track 2” deaths by MAiD. These are people suffering from disabilities, but whose demise was not immediately foreseeable.
In the online publication The Conversation , funded by the University of Toronto, psychiatry Professor Karandeep Sonu Gaind said the law that was originally intended to relieve the suffering of the terminally ill has become something quite different.
“I am not a conscientious objector. I am a psychiatrist and previously chaired my former hospital’s MAiD team,” he says.
“However, I believe we’ve experienced a bait and switch: Laws initially intended to compassionately help Canadians avoid suffering a painful death have metastasized into policies facilitating suicides of other Canadians seeking death to escape a painful life.”
The coroner reports on a 59-year-old woman with multiple chemical sensitivities who sought MAiD, saying she could not find the adequate housing and support she needed.
Gaind points out that Track 2 recipients were far more likely to come from the most vulnerable 20% of the population in terms of age and labour force participation.
“People in the lowest 20% of the population with the worst housing instability made up 48.3% of Track 2 MAiD recipients, compared to 34.3% of Track 1 recipients,” he said.
This comes as Quebec moved ahead with its plan to allow early requests for MAiD. The province will now accept requests for MAiD from people suffering from conditions such as dementia before their condition renders them incapable of giving consent. The federal government had asked Quebec to delay that measure but is not expected to challenge its decision.
Assisted suicide is a sensitive, intensely personal issue. All the same, we should pay attention to concerns being raised by the medical community. The issues they raise about protections for vulnerable people should not be minimized. The slippery slope has proven steep and icy. As a society, we must decide how much farther down it we want to slide.
https://www.msn.com/en-ca/health/medical/editorial-another-step-down-the-slippery-slope/ar-AA1tlRWd
The Georgia Guidestones openly proclaimed the globalist objective of reducing the world’s population to 500 million – with sociopathic “elites” and supra-national organizations like the WEF and their traitorous WEF Young Leaders like Canada’s Trudeau and New Zealand’s Jacinda Ardern being the arbiters of who the “useless eaters” are who need to be culled. Euthanasia is just one tool to be employed to dispose of those who fail to generate wealth for our unelected rulers and have thus outlived their usefulness.
said the law that was originally intended to relieve the suffering of the terminally ill has become something quite different.
This was so easy to predict. The next prediction is that the “right to die” will become “the duty to die”.
Maybe they can give tax credits to your children when you selectively commit suicide at a state-run facility.
Nah, what will happen is that when you reach a certain age you will be told you are a “burden on society” and will have your gooberment benefits cut off: no more Social Security or Medicare, or maybe they will begin to taper off.
You will then be offered assisted suicide as an option, especially if you are in poor health and have no savings left.
Remember when everyone said in 2010 that death panels for healthcare weren’t real and would never happen. And here we are already in Canada. Shocker.
And here we are already in Canada
There was a recent story about wheelchair bound Canadian veteran who was trying, unsuccessfully, to get her equivalent of the VA to install a ramp at her residence. The government agent said no to the ramp, but suggested she look into suicide, which the government would cover.
The next step is where it’s no longer “suggested”. And it’s coming. At first they will pressure you, as I mention above, by reducing or even cutting off you government benefits. But eventually they will just show up at your door and do the deed.
With fentanyl gumball machines you wouldn’t have to beg some Volvo driving, wine sniffing, wire framed spectacles chin scratcher to access your misery and decide your fate.
With fentanyl gumball machines
It is so obvious that they want more and more people to become homeless, lose all hope, then OD. Not only are they culling the herd, they can pretend to care and even setup “programs” to help, that don’t help, but provide the right people with six figure salaries.
Anti-Immigrant backlash fuels the right
The Liberal government of Justin Trudeau has drastically reduced plans to increase the number of permanent residents allowed into Canada and it has done so in the face of a right-wing anti-immigrant backlash. The Minister of Immigration, Refugees and Citizenship Marc Miller, announced the ‘slashing (of) the projected number of new permanent residents from 485,000 to 395,000 in 2025, with further cuts to 380,000 in 2026 and 365,000 in 2027.’
Miller stated during an interview that “I think we’ve realized importantly that we have to have a managed migration system that makes sense for everyone, including newcomers that we need to set up for success.”
Further linking immigration to Canada’s housing crisis and other social problems, Miller insisted that “Canadians that we hear at the door…expect us to have a controlled, managed migration plan that is ambitious, reflects what we need to do but also reflects the stress that flow has had on Canadians, on affordability.” Miller is well aware that ‘(r)ecent polls have shown that Canadians’ attitudes toward immigration have soured. An Abacus survey released last week found that more than half of respondents held a negative view of the immigration system.’
Alicia Backman-Beharry, an Alberta-based immigration lawyer, accurately contended that Miller’s measures represent “a big about-face. It is a big change in the direction that the Liberal government had projected to go.” She added that “I think it’s also political in nature. It was a plan I would have expected to see from (a) Conservative government.”
https://www.counterfire.org/article/anti-immigrant-backlash-fuels-the-right/
Miller stated during an interview that “I think we’ve realized importantly that we have to have a managed migration system that makes sense for everyone, including newcomers that we need to set up for success.”
What these globalist traitors are really realizing is that a reckoning is coming for their treason against the Heritage Canadian population and culture.
including newcomers that we need to set up for success
I thought that “newcomers” were supposed to be highly educated and able to hit the ground running.
Newcomers are all doctors, engineers, and scientists. The rest do jobs Canadians won’t do!
Makes you wonder, what jobs are left for Canadians?
I suspect that being “setup for success” means being given preferential treatment at all levels, at the expense of Canadians who have mostly become fed up with status quo.
There was a link here the other day about migrants on temporary visas facing the prospect of being sent home. Most of them felt very entitled about having a right to permanent residence.
‘Wolverhampton hasn’t got room for its own residents, let alone Bibby Stockholm migrants’
The hotel at the end of Andrew’s street has long been a source of local tension. For years, it was just a basic chain next to a main road in suburban Wolverhampton. The sort of place with a function room for holding receptions, bedrooms that would do for a night if you were in the city on business and a dining room where you could get a cheap afternoon tea.
Four years ago, it was turned into a migrant hotel. The issue of housing tens of thousands of migrants in hotels across Britain plagued the previous government, leading Rishi Sunak to pledge that the scheme would be wound down. At its peak, there were some 58,000 migrants living in more than 400 hotels at a cost in excess of £8 million a day, sparking tensions among communities and complaints from local MPs on behalf of constituents in many cases. Last year, a poll found that 43 per cent of the population believed the Government should not be putting up refugees and asylum seekers in hotels, rising to 72 per cent for Tory leavers.
People in Wolverhampton were blindsided this week by news that migrants from Bibby Stockholm are to be transferred there. Some 400 foreign nationals will be relocated around the country from the barge, which sits partially deserted in Portland, Dorset, as the Government aims to shut it down by Christmas. It was understood some would be moved to a hotel in Wolverhampton, while others would be taken to Worksop in Nottinghamshire. Campaigners helping the asylum seekers had also seen them sent to Bristol and Cardiff, according to reports by the BBC.
The Home Office contract that allows the Government to use Bibby Stockholm for migrant housing will end in January 2025. A further 500 single, male migrants who are currently living at Wethersfield, a former RAF airfield in Essex, will also eventually need to be rehoused for Labour to meet their pledge to close large-scale migrant accommodation. Where they will go remains to be seen.
Meanwhile, data published last week shows the number of migrant crossings so far in 2024 has now surpassed 30,000, more than the 2023 total for the whole year.
In Wolverhampton, the news was met with a resounding feeling of “Why here?”
“I can’t for the life of me understand why they send them here,” says Sue, strolling through the city centre with her friend Alison, a stone’s throw from another hotel being used to relocate migrants. “I don’t know why they think they’ve got the facilities to look after them.”
“We’re not exactly an affluent area,” adds Alison.The pair were “not very happy” after reading this week that more migrants will be coming to Wolverhampton hotels. “At the end of the day, they’ve taken the heating allowance off the pensioners and they’ve got to fork out all that money for them to live here? It’s appalling,” says Sue.
The idea of more people arriving from Bibby Stockholm, which housed only single men, is concerning, they say. “If it was families, it’d be a different story. But it seems to be all single men which is quite threatening in itself.”
For many, the idea of people being given accommodation in a city with a significant housing shortage does not land well. “My daughter and other people I know, they’re struggling to find homes,” says Tracie Sargeant, 55, a care assistant.
“I know that they’re struggling as well, so I’m torn. I do feel sorry for people. I do feel sorry for them living on the barge. But then again, then they go and get a hotel. My daughter is struggling and she’s living with me with two children… She is saying she can’t get a house for three years, but then these people are going to go into hotels and then they’ll get rehoused.”
The waiting list for social housing in Wolverhampton has increased by 62 per cent over the past two years. According to a freedom of information request carried out by local paper BirminghamLive, it rose from 3,909 in 2022 to 6,344 this year.
https://www.msn.com/en-us/news/world/wolverhampton-hasn-t-got-room-for-its-own-residents-let-alone-bibby-stockholm-migrants/ar-AA1tlOcY
They’ll keep coming. Next, you’ll be asked to take them into your own home as boarders. Then, you will be told to take them in, because reasons. Then you be told to move out, because they need your home more than you do.
Unless Nigel Farage takes the reins in the UK, I will never set foot in Britain again.
An Idaho health district isn’t allowed to give COVID-19 vaccines anymore. Experts say it’s a first
A regional public health department in Idaho is no longer providing COVID-19 vaccines to residents in six counties after a narrow decision by its board. Southwest District Health appears to be the first in the nation to be restricted from giving COVID-19 vaccines.
While policymakers in Texas banned health departments from promoting COVID vaccines and Florida’s surgeon general bucked medical consensus to recommend against the vaccine, governmental bodies across the country haven’t blocked the vaccines outright.
“I’m not aware of anything else like this,” said Adriane Casalotti, chief of government and public affairs for the National Association of County and City Health Officials. She said health departments have stopped offering the vaccine because of cost or low demand, but not based on “a judgment of the medical product itself.”
The six-county district along the Idaho-Oregon border includes three counties in the Boise metropolitan area. Demand for COVID vaccines in the health district has declined — with 1,601 given in 2021 to 64 so far in 2024. The same is true for other vaccines.
On Oct. 22, the health department’s board voted 4-3 in favor of the ban — despite Southwest’s medical director testifying to the vaccine’s necessity.
“Our request of the board is that we would be able to carry and offer those (vaccines), recognizing that we always have these discussions of risks and benefits,” Dr. Perry Jansen said at the meeting. “This is not a blind, everybody-gets-a-shot approach. This is a thoughtful approach.”
Opposite Jansen’s plea were more than 290 public comments, many of which called for an end to vaccine mandates or taxpayer funding of the vaccines, neither of which are happening in the district. At the meeting, many people who spoke are nationally known for making the rounds to testify against COVID vaccines, including Dr. Peter McCullough, a Texas cardiologist who sells “contagion emergency kits” that include ivermectin and hydroxychloroquine.
https://www.msn.com/en-us/news/other/an-idaho-health-district-isn-t-allowed-to-give-covid-19-vaccines-anymore-experts-say-it-s-a-first/ar-AA1tlFxc
Covid vaccines are poison.
This person “despite Southwest’s medical director testifying to the vaccine’s necessity.” should be fired.
Not for their vote but because of their complete lack of scientific integrity and knowledge.
Why Canada’s economy is facing a turbulent four years – regardless of a Trump or Harris win
Democratic Party candidate Kamala Harris has pitched an “opportunity economy” with lower costs for health care and housing, and higher taxes on corporations and the wealthy, without significantly deviating from the policies of her 2020 running mate, President Joe Biden.
Republican challenger Donald Trump favours more of a scorched-earth approach, promising mass deportations, huge tariffs and tax breaks that challenge economic orthodoxy.
“She’s sort of ideologically a protectionist and he’s just who he is: It’s all sort of a transaction that he needs to be seen to win,” said David MacNaughton, who was Canada’s ambassador to the United States during Mr. Trump’s first stint as president.
Ms. Harris is less of a threat to the status quo, but she is hardly a free trader. While in the Senate, she voted against ratifying the United States-Mexico-Canada Agreement (USMCA), which replaced the North American Free Trade Agreement during Mr. Trump’s term. She’s been Vice-President in an administration that has kept many of Mr. Trump’s tariffs in place and raised some dramatically.
“The whole U.S. political class has moved more protectionist and isolationist,” said Mr. MacNaughton, the former ambassador.
https://www.theglobeandmail.com/business/article-why-canadas-economy-is-facing-a-turbulent-four-years-regardless-of-a/
Self-loathing white libtards willfully refuse to grasp the depth of anti-white hatred among their fellow Kamala supporters.
https://x.com/liz_churchill10/status/1852729743046742165
Michelle Obama asked the question we’re all thinking, but struggle to answer
Seven minutes into a searing takedown of Republican presidential candidate Donald Trump at a campaign rally in Michigan last week, former first lady Michelle Obama posed the question millions of other Americans have been asking: “Why on earth is this race even close? I lay awake at night wondering what in the world is going on.”
Many Australians are wondering the same thing. How can it be that Americans may be days away from re-electing a man who was convicted of falsifying business records, denied the results of the 2020 election, encouraged an attempted coup in the US Capitol, uses increasingly fascist rhetoric about migrants “poisoning the blood” of the country and openly says he wants to use dictatorial powers to circumvent the courts and Constitution to take vengeance on his enemies?
Yet with election day approaching, most polls show the race is a coin toss, especially in seven key swing states that will decide the outcome. While the polls may be wrong (more on that later), they suggest it won’t be a runaway victory for the candidate promising to maintain democracy, Vice President Kamala Harris. Which, in turn, raises a big question for the Democrats: how did they let this happen?
We know the country is divided, fuelled by echo chambers where people’s views are reinforced by partisan news sources, podcasters and social media influencers, with a dearth of agreed facts. Few voters are open to persuasion; the proportion of undecideds in this election was between 5 and 13 per cent, lower now in the final days of the race.
It is a cruel reality for Biden and Harris that the US economy is going gangbusters, and they are given next to no credit. The country rapidly recovered from the COVID pandemic and data released on Wednesday showed annual gross domestic product growth at 2.8 per cent, down from 3 per cent the previous quarter. By comparison, Australia’s GDP grew 1.5 per cent in 2023-24, and just 0.2 per cent in the June quarter. The US unemployment rate is sitting at 4.1 per cent. The US economy is going gangbusters.
But the Democrats also presided over a period of high inflation, peaking at 9 per cent in June 2022, which sent prices skyrocketing. That’s what voters live and breathe every day, says Alex Hinton, a professor of anthropology at Rutgers University, and it sticks in their minds at the ballot box.
“What they think about is: I used to get my cup of coffee for $US2.99 and now it’s $US5.99,” he says. “It comes down to basic things like that.”
Lifelong Republican Sarah Longwell is a political strategist who has spent years conducting focus groups with centre-right votes and so-called “flippers” – people who voted for Trump in 2016 then flipped to Biden in 2020. She also publishes conservative news opinion website The Bulwark and founded the group Republican Voters Against Trump.
“Joe was going to get crushed,” Longwell says. “One of the reasons I think it’s so close is that people blame him – rightly or wrongly – for the economic environment. Despite the actually strong macro environment, people really did settle into the idea that things were bad. Inflation really was high and, while it’s cooled, everything is more expensive for a lot of these voters, especially housing and groceries. That’s part of it.”
Then there’s immigration. US Border Patrol encounters on the southern border with Mexico soared under Biden, reaching a record 2.2 million in 2022, partly due to Biden’s decision to rescind Trump-era policies, such as the border wall. In response to government policy changes, the numbers have started to fall. But the damage was done, and voters rate the Democrats poorly on border management. Australians don’t need to be told how politically potent that can be.
And it’s not just an issue in the border states of the south, where Republican governors have bussed migrants north to Democratic “sanctuary cities”. That’s creating fear Trump happily exploits, as he did when he claimed, without proof, that migrants in Springfield, Ohio, were eating cats and dogs. “Immigration is in people’s faces in a completely different way,” Hinton says.
But, partly due to his age, Biden struggled to explain many of the decisions he was making to the American people. They don’t know a lot of the bills he passed; the Democrats were essentially in a communications vacuum with Biden not being able to execute from the bully pulpit for a long time, which allowed public opinion to harden against him.
After Biden’s disastrous showing in the debate against Trump, the transition to Harris, though necessary, was always going to be tricky and exploited by the Republicans, who accused her and her party of covering up Biden’s decline.
Harris enjoyed a honeymoon of sorts, but also struggled to differentiate herself from Biden and define herself in a clear and compelling way. Commenting on Harris’ performance in a solo CNN town hall, Barack Obama’s strategist David Axelrod said she had a tendency to go to “word salad city”– verbose answers that don’t really say much.
But Axelrod and Michelle Obama also stress Harris is held to a higher standard than Trump. His meandering responses are so familiar to Americans they are expected – even humorous – while Harris labours under the expectations of a more traditional stateswoman.
“We expect her to be intelligent and articulate, to have a clear set of policies, to never show too much anger, to prove time and time again that she belongs,” Michelle Obama said in Michigan.
“But for Trump, we expect nothing at all, no understanding of policy, no ability to put together a coherent argument, no honesty, no decency, no morals. Instead, too many people are willing to write off his childish, mean-spirited antics by saying, well, ‘Trump’s just being Trump.’
“Rather than question his horrible behaviour, some folks think he’s funny. And if you remember, that’s exactly how he got elected the first time. Folks gave him a pass and rolled the dice, betting that he couldn’t possibly be that bad.”
There were also people, Michelle Obama said, who thought it would be a good idea to blow up America’s democracy. And this group is not so small. Some Democratic Party hardheads worry safeguarding democracy from Trump is not the persuasive argument it might have seemed.
Tolulope Kevin Olasanoye is executive director of the Georgia Democrats, whose task is to run the party’s campaign and strategies in one of its most critical swing states. He admits the Democrats’ heavy focus on democracy under Biden was simply not resonating with people of colour (a large chunk of the fastest-growing parts of the electorate) and the party has had to lift its ground game and give people a reason to show up.
“If you tell a person of colour that the democracy is on fire, they will tell you, ‘Where the hell have you been?’ Because for a great many of them, democracy has not ever worked. That is not a real strategy for being able to make those folks turn out [to vote],” Olasanoye says.
Instead, he says the party needs to be talking about children’s education, making sure people can afford their essential bills and save some money at the end of the month, and opportunities for people of colour to access capital to realise their business goals and dreams.
“We’ve just got to get out of this place where we think that we could scare the hell out of voters of colour and tell them that the other guy is really scary and that they should show up to vote for our person – without ever having engaged in a real conversation about their concerns and things they care about.”
https://www.msn.com/en-au/news/other/michelle-obama-asked-the-question-we-re-all-thinking-but-struggle-to-answer/ar-AA1tlx88
“Why on earth is this race even close? I lay awake at night wondering what in the world is going on.”
George Soros hand-picked Barrack Obama from well-deserved obscurity from Chicago’s Democrat Political Machine – the most corrupt in the country – and together with Goldman Sachs, installed him in the White House with the assistance of millions of indescribably stupid Millennials who thought a Goldman Sachs errand boy would deliver “change we can believe in.” Obama’s corrupt AG Eric Holder ensured no banksters went to prison for causing the 2008 GFC that cost millions of Americans their homes and jobs, for which Obama’s Wall Street pimps made him fabulously wealthy for services rendered during his “public service.” That, Big Mike, is why millions of screwed-over voters and taxpayers hate this crony capitalist system and are delighted help Trump monkey-wrench the corrupt status quo.
But dude, McCain picked Palin and ran a stupid campaign.
Don’t even get me started on that thief Romney. He sits big on stolen pensioner money.
Agreed, the GOP fielded awful candidates, especially Rmoney. He practically handed Obama his second term. And Dubya handed him his first term.
Those were the Harlem Globetrotter days of US politics.
Almost like it’s just one big Uni-Party only working for themselves and just a show.
But nah, that’s just a conspiracy theory.
The Establishment GOP has always been the controlled opposition that answers to the same Cabal of globalist mega-donors as the Democrat-Bolshevik wing of the uniparty.
I lost track of how many lies are this story.
Yeah, the whole country has no idea how people in the US are doing or our viewpoints but are dumbfounded that we don’t feel the way they do. I guess the Sydney Morning Herald is globalist scum media too.
‘We’ve just got to get out of this place where we think that we could scare the hell out of voters of colour and tell them that the other guy is really scary and that they should show up to vote for our person’
Especially when you tell us Bah! romney and Bah! mcstain then a few years later yer telling us they are hero’s.
the whole country has no idea how people in the US are doing or our viewpoints but are dumbfounded that we don’t feel the way they do.
Well, they do have the Queen (and now the King) on their pesos. I wonder how long until the PRC just officially annexes Oz.
It is a cruel reality for Biden and Harris that the US economy is going gangbusters, and they are given next to no credit.
Former Iraqi Information Minister Baghdad Bob would blush with shame and indignation if asked to put across the whoppers trotted out by these globalist scum media Real Journalists.
Well, it’s relative. As bad as things are here, they are much, much worse in Oz.
“It is a cruel reality for Biden and Harris that the US economy is going gangbusters, and they are given next to no credit.”
Metro downtowns are dying, fast food profits are slumping, shack prices are falling, a loss of 1.45 million private sector jobs in the last 12 months, etc., but the encore will be when that $2-Trillion budget deficit dries-up!
A long time reader from K-da sent this in with the title Parasite Restaurant Owner who didn’t pay his temp foreign worker is also a Real Estate Agent:
They ain’t reporting that the Turtle Jack’s owner is also a mortgage agent.
https://x.com/ManyBeenRinsed/status/1851716842575794242
Those silly “conspiracy theorists” and their wild-eyed claims…with such wise stewards as Yellen the Felon, Fauxahontus, and Maxine Waters at the helm, surely there is no cause for alarm. If there was, the intrepid investigative journalists at such worthy publications as the Wall Street Journal and WaPo would sound the klaxon.
https://www.infowars.com/posts/breaking-federal-regulators-are-preparing-for-massive-us-bank-failures-as-750-billion-in-losses-are-now-due
I believe Wall St wants more deficit spending, as a large portion of it eventually ends up in its coffers. Kamala is their gal.
“Kamala is their gal.”
Yep, she’s easy.
The globalist elites are delusional if they think endorsements from discredited RINO turncoats and neocon AIPAC warmongers are going to help Kamala Harris.
https://www.dailymail.co.uk/news/article-14032887/george-w-bush-presidential-candidate-endorsement-daughter-kamala-harris.html
Tom Corley
@RICHHABITS
Arizona caught Cheating & Exposed – Court Orders Arizona To Release List Of Over 200,000 Registered Voters Who Did Not Provide Proof Of Citizenship https://dailycaller.com/2024/10/31/arizona-court-orders-names-release-registered-voter-identification/ via @dailycaller
From dailycaller.com
10:16 AM · Nov 1, 2024
·
https://x.com/RICHHABITS/status/1852353928223981758
Some thoughts on garbage while I’m thinking of the many people I personally know who are better people than I am and have just been put into that category.
I am 65 tears old and have paid income tax and into Social Security since I was 15 and working for my Dad on weekends and summers when I was a teenager. I paid income taxes and SS while working a couple of different jobs and learning a trade in my 20s. I have run a small business for over 30 years while never missing a tax deposit which included matching Social Security for my employees. I saved a welder who had 2 kids when I caught him after he fell from the bench he was standing on while working before he was impaled by the rebar sticking up from the slab below him. I put out a fire lit by some kids with seven trips across the street to a vacant wooded area (which wasn’t then but is now completely developed) with the Igloo cooler my hanging crew drank from after I got home from work and then received heaping praise from the Fire Dept that got there, saw what I had done and realized I had saved them all from at least one long night if not more of fighting a wild fire. I have been a popular little league head coach for baseball and girls softball for 12 years. I have done more than a few jobs for single Moms who needed help but couldn’t afford it after hurricane damage etc. over the years.
And the President of the United States and the Democrat Party think and now have said that they consider me to be garbage.
You know it’s a lie. Don’t give it any weight.
When Hillary Clinton called Trump supporters a “basket of Deplorables,” I worried that my ambivalence about Trump – based on his disinclination to rein in the Fed – meant the Hillary camp might regard me as Deplorable Light. I wanted a pathway to full deplorability for those who detest Crooked Hillary and everything she stands for.
“When Hillary Clinton…”
P O S
It’s so risible that he was going to unite us all. It was never their intention. They might keep some of us around because we are useful, but will do their best to steadily replace us with foreigners.
“You know it’s a lie. Don’t give it any weight.”
Hell I don’t.
Just thinking of the many truly good hardworking people I know in my life including people on this blog who are callously spoken about by these low life pieces of cr@p who have grown rich on the backs of our hard work while lying and getting away with treasonous crimes all the while being shielded by our own media and branches of the government (FBI, CIA etc.) makes me ill.
Well perhaps (if they’re not allowed to steal another election) it could start to turn around next week.
God I hope so.
It’s so risible that he was going to unite us all.
I had to look up the word risible.
Thesaurus type word for me!
I love your term “65 tears old”! I will be 79 tears old on Monday the 4th and acknowledge that tears were a part of those years along with all the good stuff which exceeded the tears part, at least in my memory (which I have been told by some that it is failing me, but what do they know?).
79 tears old
I’ll split the difference at 72 tears.
I had a regular doctor’s visit earlier in the week. My doc surprised me at the end of the visit by asking if I ever had problems with being “sad”. Protocol based on age? I don’t know but it made me laugh. Only after the appointment did I come up with some appropriate comments. I’ll have to write them down so I don’t forget them for the next time I have a visit!
I’m 68, last routine visit was offered a pneumonia, flu, shingles and tetanus shot,
I told him he would have an easier time amputating one of my limbs than injecting me with any of those.
He didn’t ask if I was sad though.
“He didn’t ask if I was sad though.”
Vitamin D3.
I’m younger than you, but old enough to be grateful for having experienced America from when it was still America, before it was hijacked by our corrupt, feckless political class and the “monied interests” Thomas Jefferson warned would hijack our Constitutional republic.
The America of my childhood and early years is definitely gone.
‘Don’t blame the economy. It’s the narrative that’s broken,’
Which narrative? Perhaps the one that says Bayaryan real estate always goes up?
10 Housing Markets That Will Plummet in Value Before the End of 2024
October 10, 2024
5 min read
Housing markets in the United States are up right now, but some experts say they’re about to lose a lot of value. This could be helpful to know if you’re planning a big move or trying to find a more affordable cost of living.
Up Next: How To Get Rich in Real Estate Starting With Just $1,000
Here’s a look at 10 places where experts say are about to experience a substantial drop in housing prices.
…
https://finance.yahoo.com/news/10-housing-markets-plummet-value-130112341.html
Michael Bublé – Cry Me A River (Official Music Video) HQ + Lyrics
2.2M views · 6 years ago
https://m.youtube.com/watch?v=M2viFm8f_Lo
What exactly have the UK’s worthless “Conservatives” conserved?
https://apnews.com/article/uk-conservative-leader-kemi-badenoch-profile-bd73343d5508fc7aa936471629f5730b
IIRC, one of Rishi Sunak’s first acts as PM was to reinstate the fracking ban. With conservatives like that, who needs liberals?
This is why we vote.
https://nypost.com/2024/11/02/us-news/caretaker-of-peanut-the-squirrelreeling-over-five-hour-raid-of-his-house/
Pine City is a tiny rural town near me. Hard to imagine a cavalcade of storm troopers descending upon it.
It is well established that you cannot keep wild game animals as pets, but I didn’t think it was enforced much. Probably it was the MAGA hat.
‘There’s way too much of it, to be honest. There’s so much government land out there. If it’s absolutely necessary to the ecosystem, OK. But just to have miles and miles of land, what do we do with it?’
My observation the first time I visited Justin was turning the rocks black. The sunny side rocks turn black, which I hadn’t seen before.
‘Luckily for buyers, real estate agent Stacy Miller says she’s never seen a market that’s quite like this one. ‘Prices, as well as seller terms and concessions, seem to be more negotiable than ever’
You probably weren’t a UHS in 2007 Stacey, but experience is the best teacher.
‘With the value we’re getting, we’re not able to buy a used or new home in our area,’ Ostrander said. ‘I’m hoping that we’ll be able to rebuild.’ For many people, it’s the first time they’re dealing with claims, and doing it under some of the worst circumstances. ‘It’s a roller coaster,’ Ostrander said. ‘Some days are very hopeful and feeling good and then the next day you wake up feeling sad, feeling sorry for yourself’
It was still way cheaper than renting Shane.
‘RBC is often the lender of choice for new construction projects,’ Taylor says. ‘RBC locks in the value at the purchase price no matter what the eventual truth is. This is a big boon to buyers whose homes are now valued less than the purchase price’
That’s some sound lending right there Ross.
Dems Left Me
Robert F. Kennedy Jr.
3 hours ago
I didn’t leave the Democratic Party — the Democratic left me.
https://www.youtube.com/watch?v=fQ7Nhr0iJWE
1:18.
Trump’s Globalisation Resistance | Niall Ferguson
John Anderson Media
5 hours ago
Niall Ferguson describes how Trump connects with voters negatively impacted by globalisation.
https://www.youtube.com/watch?v=HLtKyPABxfQ
2:47.