At A Time When More People Have Been Confident About Selling Their Homes, Buyers Have Really Had Enough Of High Prices
A report from the Sopris Sun in Colorado. “In the Sept. 26 Forbes article, ‘Cities where home values have grown the most over the last 20 years,’ Carbondale ranked number one. Notably, Rifle and Glenwood Springs also made the list, ranking 13 and 19, respectively. According to the article, the median home value in Carbondale in 2004 was $256,998 compared to today at $1,440,404. Data for the article was sourced from Zillow. Since he was elected as the County Assessor in 2010, Jim Yellico has seen the housing market recover from the price drops of the recession and then exponentially trend higher. Looking back, he noted an approximate 35-50% drop in home values during the mortgage crisis and subsequent recession.”
“‘By the time it was all said and done, from those two events, values were at their lowest,’ Yellico told The Sopris Sun. ‘By the 2013 assessment year … values had gone down from their highs by 50%’ — a ballpark figure, he acknowledged. ‘Since then, we’ve recovered back to those prices, plus another 10-25%.’ The following year, 2014, is when the market started steadily increasing year over year. ‘Values have almost doubled since the low point in 2013,’ stated Yellico. Between 2019 and 2021, values increased by 15% in Carbondale. From 2021 to 2023, Carbondale values increased again by 33%. Also touched upon in the article is that there is an increasing number of second, third and fourth homes in Carbondale.”
From Chalkbeat. “Construction workers in hardhats and safety vests bustled around the 7,000-square-foot Loveland building, installing fixtures and painting. It was late October, and they had two months to go before the grand opening. Soon, the former Thompson School District preschool would become ‘The Landing,’ the first shelter for homeless youth in northern Colorado. The $9 million project is just one example of how Colorado school districts are repurposing shuttered schools. Colorado’s school-age population peaked around 2019 and has been decreasing ever since, according to State Demographer Elizabeth Garner.”
“Jefferson County Public Schools has a bumper crop of empty school buildings. They don’t want to sell buildings they may need to reopen if enrollment jumps, but they don’t want to sink money into mothballed buildings that sit vacant for years and hurt the vibrancy of neighborhoods. The relatively low purchase price for Zerger, in Westminster, raised some eyebrows among Jeffco school board members. If all goes to plan, the district would be paid $1.26 million for the site, or $45,000 per housing lot for a minimum of 28 lots. ‘I will admit that when I saw the Zerger offer … my feeling was, ‘Oh no. I don’t want to sell any of our properties that low,’ school board President Mary Parker said at a board meeting in June. ‘But then there’s also the considerations of the cost to maintain the buildings, however long and the community feelings about leaving the properties there.'”
The Associated Press. “Owners of vacation homes in Northern California’s South Lake Tahoe could face a significant tax increase if voters in the mountain resort town approve a measure on Tuesday’s ballot. South Lake Tahoe, which sits on the shores of the iconic alpine lake, has about 7,000 vacant homes — 44% of the city’s estimated housing units — according to the 2022 American Community Survey. Measure N would levy a flat $3,000 tax on homes that are vacant 182 days within a calendar year. The tax would increase to $6,000 for every subsequent year the home remains empty for half the year. The California Association of Realtors and the National Association of Realtors have contributed a combined $1 million to defeat the measure in a town with only 12,000 registered voters.”
“‘I think there’s a similar argument to be made here, that people consuming multiple homes and not living in them in communities like South Lake Tahoe … it’s actually doing harm to other people,’ said Shane Phillips, who manages the Randall Lewis Housing Initiative at the University of California, Los Angeles. The city has a median household income of $68,000, lower than the $95,000 median in California. The median sales price of a home was $750,000 in September — up from $427,000 five years ago, according to Redfin.”
The San Jose Spotlight in California. “Downtown San Jose could see an economic boost if city officials adopt a potential initiative for fast-tracking large developments. San Jose Downtown Association CEO Alex Stettinski said he agrees downtown needs more investment to cut down on the close to 30% office vacancy rate and create a more vibrant ecosystem. Land use consultant Erik Schoennauer, said the pathway program could be beneficial citywide. ‘We have 36 projects citywide, that are either approved or near approval, which can’t get financing to start construction,’ Schoennauer told San Jose Spotlight. There are at least 13 housing projects totaling more than 1,500 new homes stuck in limbo waiting for city funding. Without future affordable housing dollars from funding sources like Measure E to kickstart the rest of the projects in the pipeline, these proposals could remain on hold.”
Texas Monthly. “Homeowners are belly flopping into debt—and filing lawsuits—to fix swimming pools afflicted with spiderweb-like cracks that can turn a six-figure investment into a useless hole in the ground. Janell Gregerson’s toenails are painted hot pink, a tropical color that evokes the joys of lounging by the water, margarita in hand. But as the single mother of four walks out her back door in Cedar Park, a suburb northwest of Austin, to ‘show off’ her swimming pool—which she installed in 2021 for $120,000, after saving for six years—it’s clear she hasn’t been enjoying much aquatic R&R. After less than three years of use, her pool has become a gaping, dangerous hole. ‘This was my ‘I’ve made it through my divorce, I am woman, hear me roar’ project,’ she says. ‘It was something I’ve dreamed about since I was a kid.’ Instead, ‘no one comes in my backyard’ anymore. ‘It’s a graveyard.'”
“The wealthiest owners have spent more than $1 million constructing, demolishing, and then rebuilding individual pools, with the cost for replacement running anywhere from $200,000 to $500,000, on average. But not everyone has that kind of money, and some pool builders’ insurance companies have denied claims. Paolo Benedetti, a pool builder, educator, and consultant in California, says some builders in Texas, who aren’t required to be licensed to construct pools, have ‘always been kind of flying by the seat of their pants. The problem we have is that nobody is holding the pool contractors or any contractor responsible for their workmanship,’ Benedetti says. ‘There’s this whole lineage of unaccountability, so the perfect storm hit, and there weren’t any checks and balances in place, and the whole house of cards fell. And who’s holding the bag? The homeowners.'”
“Gregerson found work as a home-sales representative and can barely afford the $11,000 she spent to have core samples of the concrete drilled so she can prove her pool has ASR, much less the $40,000 she’s been quoted to rip the concrete out. Meanwhile, Gregerson continues writing a $700 monthly check to pay off her home equity loan, which has seven years left on it. She’s now contemplating simply filling in the pool with sandbags and grass. ‘It’s like a breakup. You just move on,’ she says.”
The Palm Beach Post in Florida. “Question: I live in a villa which is attached to another villa, of which there are six on my street. The whole subdivision has attached villas which total about 190. All are single story with a garage. I have lived in the development for over 20 years and own my home free and clear with no mortgage. Recently I received an email, as we all did, from the management company who handles the property stating that every unit must have homeowners’ insurance. They did not require proof of insurance, but just stated that it was required by the HOA. Since insurance is getting out of hand, I was thinking about canceling my homeowner’s insurance if it got to that point. I just wondered if this is legal that they can require you to carry homeowners’ insurance, as I am sure there are some in the development who do not have it. Signed, P.L.”
“Dear P.L., My guess is that your declaration of covenants contains a provision requiring all homeowners to carry insurance. As I’ve discussed before, covenants are given a broad presumption of validity and are rarely unenforceable, so if my suspicion is correct, either your association or any of your neighbors could technically get a court order forcing a homeowner to carry whatever insurance it says is required (presumably, casualty and liability). There are no statutory requirements that you carry insurance, and so the only realistic possibility is a provision in the declaration.”
“With that said, I would be very careful about cancelling your insurance. You don’t say whether you are living in a condominium or a community governed by an HOA, but depending on how your community is structured you could be the primary insurance holder for your entire villa. If your villa is destroyed in a storm and you are uninsured, you may lack the financial ability to rebuild. It would be a shame to have a fully paid off home only to lose it completely and be unable to recover.”
Bisnow in Georgia. “A New England-based REIT has sold its last Atlanta building, accepting a price $11M below what it paid for the property. Franklin Street Properties Corp. sold Pershing Park Plaza for $34M this month, the company announced in its third-quarter earnings report Wednesday. The sale price is 25% less than the $45.5M Franklin Street paid for the 160K SF office building in 2016, according to Fulton County property records. It is far from the only owner swallowing a loss on an Atlanta office building. Manulife Financial Corp. sold The Proscenium in August for $83.2M, 30% less than it paid for the tower in 2004. Atlanta Property Group sold the 534K SF Ameris Center for $81M in June, 10% less than it paid nine years prior.”
“Marcus & Millichap associate Michael Nolen said discounts are expected with the amount of vacancy and overall concerns about tenant demand with hybrid work models now etched in stone. ‘The fundamentals just aren’t there. What supported office 10, 15 years ago isn’t there anymore. We haven’t come back from what changed in Covid,’ Nolen said. ‘Office lease space is just so abundant. It’s like walking in grass — it’s everywhere.'”
CBC News in Canada. “As the City of Brampton works to address unsafe and illegal housing, CBC Toronto has learned that a local councillor co-owns a property with an unregistered basement apartment, contravening municipal bylaws. Coun. Gurpartap Singh Toor, who sits on both Brampton city council and Peel regional council, denies owning the house on Gardenbrooke Trail, in the northeast of the city. But property records show he has been on the title since 2021, and information obtained through a freedom-of-information request reveals the basement has been rented out illegally that entire time.”
“The inspection followed a complaint filed by Azad Goyat. Goyat is the founder of the Brampton Housing Providers Association, a non-profit representing landlords, founded in response to a pilot project aimed at curbing illegal housing. He also ran for regional council in the same wards as Toor in the last municipal election. He says neighbours noticed two families were living in the house, but there was no secondary unit registered with the city. ‘Coun. Toor is representing the people. He’s the lawmaker at the City Hall. How [can he] dare to … have the illegal dwellings?’ said Goyat. Illegal renting has been top of mind for Brampton council, with the mayor previously calling unregistered rentals ‘fire traps.’ Last year, Brampton had nearly 100 house fires and five deaths, the city told CBC Toronto earlier this month.”
From the Connexion. “Most areas of France recorded a fall in house prices at the start of 2024, however the level of decrease is slowing, new notaire data shows. Prices fell in all areas and all regions, and across all city sizes. Only one city, Nantes, recorded a double digit price drop at this time, -10.4%, data for the beginning of 2024 saw many cities record drops of this magnitude. The highest falls after Nantes were: Corse-du-Sud and Limoges (-9.8%). Châteauroux (-9%). Reims (-8.6%).”
From ABC News. “Australia’s property market is showing further signs of a slowdown. It is the first time Sydney’s property prices have declined since January 2023, with a lack of affordable housing options driving would-be buyers out of the market. CoreLogic’s head of research Eliza Owen said the market is cooling, and part of that has been due to the ‘strong spring selling season’ and increase in the number of properties being listed for sale. ‘We’ve seen listing volumes rise about 13 per cent since the end of winter, and yet, in the past three months, actual sales volumes have dropped 7.5 per cent,’ she said. ‘So at a time when more people have been confident about selling their homes, buyers have really had enough … of high prices, [being] limited in what they can borrow, and also high cost-of-living pressures have probably pulled some people out of the market as well.'”
South China Morning Post. “When Zhu Yufei came across reports that suggested a turnaround of mainland China’s property market was imminent, she felt a surge of optimism. Verbal assurance from top officials and fresh interest-rate cuts have suddenly drowned years of misery among homeowners like her. So far, that optimism has been fleeting. The 41-year-old office clerk in Shanghai has been eager to sell her three-bedroom flat in the city’s southwestern Gubei district, only to find the market still in a spiral. Her agent has recommended cutting the asking price further.”
“‘A package of policies will at least fuel a market rebound and I will take the opportunity to cash out,’ Zhu said. ‘Taking a long view, I bet home prices will continue to decline, since the national economy is unlikely to grow rapidly again over the next decade.'”
“Some property brokers are worried that the post-stimulus euphoria could be a false dawn. Most homebuyers like Zhao are still spooked by fears of a market relapse, property agents said. Ian Zhang, who supplied electrical equipment to several property developers including the Zendai Group for almost two decades, liquidated his business recently after failing to secure a single contract over the past 12 months. ‘The business climate is chilly,’ said the 46-year old Shanghai-based entrepreneur, who has since ventured into a restaurant business. ‘I’m still owed several million yuan by the developers. It seems I will never be able to get the money back, since most of them are already insolvent. My guess is that the market will not recover in the next three to five years because sentiment is awfully weak despite the favourable policies by the governments.'”
“China had 3.5 billion square metres of pre-sold but uncompleted homes at the end of 2023, analysts at Goldman Sachs estimated. By another estimate, 20 million pre-sold homes were uncompleted. This remains a sore point in the industry as trust in the financial health of home builders is eroded or broken. ‘It is a chicken-and-egg issue,’ said Yan Zhancai, a sales consultant at real estate brokerage Lianjia in Shanghai. ‘Policymakers are trying to inject confidence in homebuyers, while buyers desire heavy price cuts because they believe the property crisis has not come to an end.'”
“Zhu in Shanghai is aiming to sell her flat in Gubei for 12 million yuan. She has been told by her brokers that the property will not find a buyer unless she drops her asking price by more than 1 million yuan. ‘I may consider slashing the price to get the deal done, now that the buying interest will not return to the level seen in 2022,’ she said. ‘My take is that the once-booming property market will not grow at a rapid pace again like in the past.'”
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‘I will admit that when I saw the Zerger offer … my feeling was, ‘Oh no. I don’t want to sell any of our properties that low’
Yer right Mary, hold the line, don’t give it away!
‘Most areas of France recorded a fall in house prices at the start of 2024, however the level of decrease is slowing, new notaire data shows. Prices fell in all areas and all regions, and across all city sizes’
They’ve got a graphic at the link of the a$$ pounding.
‘Values have almost doubled since the low point in 2013,’ stated Yellico.
Values didn’t double. The Fed took its currency debasement into hyperdrive, so it cost far more Yellen Bux to buy shacks since the Fed’s loose monetary policies turned housing into a speculative asset bubble.
Realtors are liars.
Throw rocks at them. It’s your civic duty.
Soon, the former Thompson School District preschool would become ‘The Landing,’ the first shelter for homeless youth in northern Colorado.
Last Wednesday, I scouted out charming older neighborhoods in Berthoud, CO, a town of about 14,000, which unlike most of the larger nearby municipalities like Loveland is staunchly conservative. Didn’t see any signs of the societal rot spreading in every Democrat-Bolshevik malgoverned town and city. Then drove to Loveland, pop. 60K, and the riffraff population exploded. The homeless shelter mentioned above brought all the libtard NIMBYs out of the woodwork, compassion forgotten as they screeched about the negative impact on their housing values and public safety. Sure enough, homeless junkies and other Kamala voters were roaming everywhere in the vicinity of this and other Compassion, Inc. patronage and graft projects. The contrast between the two towns could not have been more stark heading into Election Day.
Berthoud has become a very upper middle class community, and has positioned itself to keep the riff raff out.
Also, the elementary school (the former Monroe Elementary) next to the converted preschool is also closed as the number of school aged children continues to drop. I expect the homeless industrial complex will make its move on it eventually. The former preschool is also adjacent to local Goodwill store and a used car lot.
a Goodwill store? oh, the fun has just begun! soon to follow are a liquor store, check cashing store, tattoo place, smoke/vape shop, adult “botique” store & other markers of the lower class population.
if lucky, they’ll get a nail salon with an adjoining blacked-out window massage parlor. oh, don’t forget a recycling center, which the eco-nuts will crow about for . . a week . . until it’s used mostly by the homeless to cash in their daily gatherings for that next fix, and upper middle-class Kia Mom / soy tech spouse will never patronize!
of course, the police will halt any patrols like it’s a radioactive no-go zone while racing 6-to-a-call for a jaywalker.
then stand around jaw jacking for an hr.
repeat for cat-in-a-tree.
payoffs?
lie-flat!?
community pressure . . !?
who can say but if like the CA system
then guaranteed a begging ballot for more taxes, more bonds, more “Investment” is shaped for every future election.
good luck
South Lake Tahoe, which sits on the shores of the iconic alpine lake, has about 7,000 vacant homes — 44% of the city’s estimated housing units — according to the 2022 American Community Survey.
Housing speculator scum need to be driven from every neighborhood and community they infest, by any means necessary.
The homes are empty because the local government taxes away the profit from short term vacation rentals, so it’s either year round tenants or it sits empty. The local garbage company collects monthly fees whether the can is used or not, and the energy utility has a monthly baseline fee. The typical locals are tattooed laborer grunts clearing snow, and their big tit girlfriends who works at the casinos.
You are being replaced:
“The Biden-Harris administration has authorized massive overtime so Department of Homeland Security agents can grant temporary status to as many illegal immigrants as possible before a new president is inaugurated, a Homeland Security agent told The Daily Wire.
“Jason” — an alias given to the agent, who spoke to The Daily Wire on the condition of anonymity, said supervisors have told workers in recent weeks that they should aim to clear the backlog of Temporary Protected Status (TPS) applications within 120 days. Doing so would allow these illegal immigrants to live and work in the country, and shield them from deportation for two years. The department is offering 30 hours of overtime per pay period to expedite processing of the immigrants, who come from countries including Haiti, Venezuela, and Lebanon.
The Department of Homeland Security would not confirm or deny the allegation, or explain its motives. But the unprecedented number of TPS applicants — and the mandate to process them quickly — has put pressure on agents to approve applicants rather than investigate them further or deny them, Jason said.
“It’s much easier to approve a case than to deny a case,” he told The Daily Wire. “Denying it comes with a lot of writing and approvals from supervisors.”
The Biden administration insists that those approved for TPS status have been vetted. But Jason said vetting is really just box checking — literally. Jason said he wakes up in the morning, shuffles into his living room, and begins clicking buttons to approve the migrants each day, sometimes working late into the night to accrue overtime hours.”
https://www.dailywire.com/news/biden-admin-authorizes-mass-overtime-to-process-haitian-migrants-before-inauguration-day-agent-says
I had to look this up to see just how easy it would be to revoke TPS and start sending people back. It’s pretty messy; there are a lot of different forms to fill out, and expiration periods of 6-24 months, with extensions of course. TPS are allowed to work, but there is no path to citizenship.
Of course there are the usual libtard court cases to extend and pretend and keep people in the country. However, if Trump gets into office, is able to revoke TPS for most countries, and denies every individual extension, then almost every TPS case will expire in two years and they all have to go home. No work permit, no green card, no citizenship. It might be up to President Vance to finish the job.
US Bank Losses Now 7x 2008 Levels
https://www.youtube.com/watch?v=4WS3TQiPUl0
Yesterday it drizzled all morning, and the dew point was 2-degrees below the ambient, so it was foggy too. However, by 1400-hrs the wind picked up and the sun came out, so the scrub desert dried quickly, and it was finally time for Ruby’s hike.
We encountered an older man, bare chested with his shirt tossed over his shoulder, which was not unusual except that the temp was in the high 40s or low 50s. When we got close enough he asked if I had seen another dog, but we had not, but promised to keep an eye out as we departed.
Then I remembered I had my whistles, one of which is piercing even in the wind. I called back getting the attention of the old man, then began a series of double toots with my hands cupped like a funnel around the whistle to broadcast, first north, then east, south and west. Then we scanned the landscape, and within a minute we saw his dog approaching, bounding through the brush and grass like a deer.
I looked back at the old man who also started calling out before glancing at me with a huge bright smile! I waved-off before his dog was near, Ruby and I were on our way. I really made his day. No telling how long he’d been out there looking.
I don’t have a dog story. I found a dead rat in my RV trailer / tool shed yesterday.
I had some 18″ diameter 4′ tubes for pouring concrete in there that a GC gave me, I don’t need them for anything really. So the rat got in and couldn’t get out, and starved to death.
Left those tubes on the treelawn of my teardown in town, someone will take them. Now that all the cabinetry in the RV is gutted I can fit a lawnmower in there.
The rats will be back, they always come back.
“I don’t have a dog story.”
Okay, how about a tree story? We had a leafy “weed of god” tree in our yard to remove. Bid of $6k, so the heck with that idea. Yeah, I know arborist work is dangerous, among the highest labor taxes out there!
Plan B, buy a pole saw, which I found on Amazon. A firm named, Notch has a $500 professional number with an oval extension pole (moment of inertia) and a Japanese saw blade, “silky.” I went to town on the leafy branches for several weeks developing a few muscle groups along the way, and I never dropped that pole saw. But I’ve got about 15-ft of large trunk remaining that requires a chain saw.
In the spring I’ll find a guy who will finish off that trunk in exchange for the pole saw. Fingers crossed!
If you lived around here I’d be glad to come over and cut it up for you. It would take less than an hour.
The DNC’s ideological mentors in the CCP are facing the prospect of widespread civil unrest as bank depositors find out their savings have vanished as insolvent banks shutter their operations.
Rural China’s Anger Erupts: Billions Trapped, With Thousands of Rural Banks Vanishing One by One
https://www.youtube.com/watch?v=nsjt3q5G3-s&t=123s
This is why the wealthy off-shore their money to Wall street where its value is inflated away slowly rather than stolen in one fell swoop.
“A New England-based REIT has sold its last Atlanta building, accepting a price $11M below what it paid for the property.
Die, speculator scum.
Top link is wikipedia for Patrick Byrne, the next two paragraphs are from a Leftist publication for background, the roughly 2 minutes of the video at the bottom speaks for itself.
https://en.wikipedia.org/wiki/Patrick_M._Byrne
Pro-Trump Patrick Byrne boosts funds to far-right voter-conspiracy groups
Peter Stone in Washington
Sat 20 Jul 2024
The America Project was launched in April 2021 by Byrne and Michael Flynn, the former national security adviser to Donald Trump when he was president; both Byrne and Flynn have been vocal purveyors of falsehoods that Trump lost the 2020 election due to fraud. They were also both at a meeting with Trump and others in late 2020 to brainstorm ways to overturn his loss.
The project’s website features bogus claims about election fraud stemming from early and mail voting, and styles itself as “an America First non-profit organization defending rights and freedoms, election victory, and border security to save America”.
https://www.theguardian.com/us-news/article/2024/jul/20/patrick-byrne-trump-election-deniers
Although perhaps meant to be a get out the vote ploy and admittedly possible BS, 0:22 – 2:39 of this video is at the very least disconcerting.
Alex Jones
@RealAlexJones
Exclusive: Has Obama Already Stolen The Election For Kamala Harris as Patrick Byrne Claims? Alex Jones Responds
4:36 PM · Nov 2, 2024
·1.1M Views
https://x .com/RealAlexJones/status/1852812041460875309
Maybe this will work for the 0:22 – 2:39
https://x.com/RealAlexJones/status/1852812041460875309
As awful a candidate as she is, the Left hasn’t given up on her and are determined to drag her across the finish line on Tuesday.
As awful a candidate as she is, the Left hasn’t given up on her and are determined to drag her across the finish line on Tuesday.
i AM STILL STUNNED at how the “worst and dumbest vice-President ever” (their words not mine) could instantly become “our savior.” One hell of a cult is all I can say!
“vocal purveyors of falsehoods that Trump lost the 2020 election due to fraud”
The 2020 election was stolen.
Soros paychecks:
“In a Scripps News/Ipsos poll released Oct. 24, 62% of Americans surveyed said that violence related to the election was “somewhat” or “very” likely …
U.S. intelligence has also warned about the possibility of violence and unrest. Reports from various news publications revealed that intelligence agencies, including the FBI and the Department of Homeland Security, had sent local law enforcement agencies a number of bulletins warning that domestic “violent” extremists were a threat to the election and its aftermath, with candidates, election workers and others considered targets. The bulletins also warned of violence at polling places, ballot boxes and political events, according to NBC News.
“If there’s a very close election, there are a lot of people who are feeling extremely angry or extremely threatened, and particularly if it’s looking like Trump loses, he has supporters who are likely to engage in a lot of threats and intimidation and possibly some physical violence,” said Rachel Kleinfeld, a senior fellow at the Carnegie Endowment for International Peace, a nonpartisan think tank.”
Always accuse your opponent of what you yourself are doing, Rachel. Soros’ employees are Antifa and Burn Loot Murder, the brownshirt wing of Democrat Party.
“The uncertainty is probably the biggest risk factor,” Kleinfeld said. “Obviously, if we get a strong turnout and everybody clearly knows who won, that would be wonderful. But the likelihood is a lot of litigation, dissension and mis- and dis-information.”
https://www.huffpost.com/entry/violence-fears-election_n_672523fde4b00acf55d9cd7d
The “misinformation” (a phony word, only used by phony people) is everthing “reported” by the globalist scum media.
Gallup — American Public Opinion and Vaccination Requirements (9/3/2021):
“These views are not universally held, however, reflecting divisions in public opinion on many of the issues surrounding COVID. The percentages of Americans in favor of vaccination requirements range from 53% to 61% across the five situations tested, leaving a nontrivial 39% to 47% who are opposed. In short, if it came to a national referendum, these vaccination proof requirements would win — but with significant opposition.
Americans’ political identity is strongly related to their opinions about vaccine requirements, echoing similar partisan differences on such issues as vaccination hesitancy, mask requirements and the importance of COVID-19 as the nation’s top problem. Very large majorities of Democrats are in favor of each of the five vaccination requirements tested”
https://news.gallup.com/poll/354506/update-american-public-opinion-vaccination-requirements.aspx
Never forgive, never forget.
Democrat Party, the Medical Genocide Party, wants you FIRED FROM YOUR JOB for not getting injected with their deadly, deadly, mRNA poison.
Just wanted to say that early voting for the Orange Man is strong, and there’s a good chance he’s going to win. Even Kamala knows she’s lost the election. No politician can be our savior but I’d so much rather have Trump than Kamala!
We don’t need a savior, we just need someone (and the people around him) who will earnestly try to erase every Democrat Party policy enacted since the beginning of the first King Obama administration.
I’m watching Twitter/X closely. Looks like the final pollsters are lying to keep the race close.
There was much excitement about a poll that Special K was leading in Iowa. Then somebody looked at the crosstabs and found that the pollster had oversampled old white college educated single cat ladies.
These pollsters want to both keep their jobs provide cover for the steal. The state to watch is Pennsylvania, and RNC is watching like a hawk. However, I think the real state to watch is Wisconsin. DJT is leading there, and they don’t seem to have the infrastructure to “fortify” there. If DJT takes Wisconsin, it doesn’t matter what happens in PA.
“China had 3.5 billion square metres of pre-sold but uncompleted homes at the end of 2023, analysts at Goldman Sachs estimated. By another estimate, 20 million pre-sold homes were uncompleted. This remains a sore point in the industry as trust in the financial health of home builders is eroded or broken.”
Where is AlbuquerqueDan when you need a word of hope for the Chinese property market?
“…AlbuquerqueDan…”
He’s been a great punching bag!
A reader sent these in:
Auto loan rates aren’t budging… for now:
According to Cox Auto, the average used car loan rate is at 13.90%, while new is at 9.35% — still hovering near 15-year highs.
The good news? The Fed’s rate cut last month (combined with plans for more) could drop overall average rates a full 1% by tax season next year —
Easing affordability pressures and likely prompting more immediate rate incentives from automakers.
https://x.com/GuyDealership/status/1851978185019387910
I recently bought in South Florida at 40% below initially listed price.
Listed for $1.6M, I bought it for $900k. I bought all cash. It’s MFH, needs work but I should be able to rent it out for $7k after fixes.
If you are in SoFL & have cash, now is the time to lowball.
https://x.com/alifnomad/status/1852816887668974058
That 900k will be down to 650 by this time next year. And you ain’t renting a brand new pristine castle for $7k
https://x.com/hamacherhockey/status/1852822638936179065
Office Properties Income Trust (Nasdaq: OPI), which owns a nearly 20M SF portfolio, says it might be forced to file for bankruptcy if it can’t extend or refinance $457M in maturing debt.
Closed $1.50
Owns 1401 K St. in Washington, D.C
https://x.com/FCNightingale/status/1852823728192708809
Canadian average home price Sept 2024, $669k
Canadian average home price Feb 2021 $676k
3.5 years no growth, is there any other investment that performed this poorly?
https://x.com/JonFlynnREstats/status/1852765677968343402
Office building featured on ‘Seinfeld’ has no value today, analyst says.
800,000 SF office tower at 1325 Sixth Ave, New York, NY.
Analyst contends that the “Seinfeld” building is worth only the land it stands on. -Crain’s
https://x.com/FCNightingale/status/1852755757193625908
B. Riley backed Franchise Group Inc., the owner of brands including The Vitamin Shoppe and Pet Supplies Plus, is preparing to file for bankruptcy as soon as this weekend
https://x.com/MacroEdgeRes/status/1852880389552865360
Full-time employment on a y/y basis has been negative since February 2024 – its longest streak since the pandemic lockdowns
https://x.com/MacroEdgeRes/status/1852858634490786187
Buffett dumps another cool ~100M shares of $aapl in Q3, bringing his stake down by nearly 70% so far this year
Meanwhile, Tim Cook and other insiders are also selling tens of millions worth of stock
But don’t worry bulls, you’ve still got convicted security fraudster Dan Ives on your side!
https://x.com/Ross__Hendricks/status/1852695510986949096
“a house that should be a home became an asset
class”
https://x.com/RudyHavenstein/status/1852825745627750574
Not seeing a 1995/2019 style cyclical reacceleration in sectors like real estate & construction – risk remains to the downside more broadly for things like real estate construction employment, etc. Hiring conditions are absolutely abysmal in what we track for white collar health.
The bull case of bull cases is now a debt/GDP ratio that must expand further into a 10Y that is up almost a percent now since the 1st cut.
https://x.com/DonMiami3/status/1852760066924896760
Construction jobs somehow hit new all time high even as housing starts, completions and construction job openings plunge. The BLS is waiting for the next admin before rugpulling this one.
https://x.com/zerohedge/status/1852350309005148631
Federal debt explodes, rising $105 billion on just the last day of Oct, hitting new record high: $35.952 trillion
The debt has now risen $487 billion IN ONE MONTH.
https://x.com/RealEJAntoni/status/1852915375895183608
“Full-time employment on a y/y basis has been negative since February 2024 – its longest streak since the pandemic lockdowns”
Paul Krugman muh best economy ever.
“Office Properties Income Trust (Nasdaq: OPI), which owns a nearly 20M SF portfolio, says it might be forced to file for bankruptcy if it can’t extend or refinance $457M in maturing debt.”
Wonder which public retirement fund is sweating this one?
Federal debt explodes, rising $105 billion on just the last day of Oct, hitting new record high: $35.952 trillion
The debt has now risen $487 billion IN ONE MONTH.
How much has it risen YTD? I’m going to guess it’s blasted well past $2T, and there are still two months left.
Paul Krugman muh best economy ever.
October is the first month of the fiscal year.
“Canadian average home price Sept 2024, $669k
Canadian average home price Feb 2021 $676k
3.5 years no growth, is there any other investment that performed this poorly?
I wonder how many bought houses they absolutely hated back in ‘21 and ‘22 thinking that by ‘24 they’d sell their POS and have a wheelbarrow full of cash to buy the house they wanted. Oops!
I bought all cash. It’s MFH, needs work but I should be able to rent it out for $7k after fixes.
Income on 900K at about 5% (VG mm Rate) = $45,000
Throw in Ins. Maintenance, property taxes and vacancy and I am not seeing a winner here. Best leave the money in a Money Market for a few more years before buying in FL.
Office building featured on ‘Seinfeld’ has no value today, analyst says.
I don’t know anything about the area or building but if the experts are saying land value:
I would respectfully suggest this has negative value when adding in the taxes, and maintenance and demolition costs.
“According to Cox Auto, the average used car loan rate is at 13.90%, while new is at 9.35% — still hovering near 15-year highs.”
New sticker is around $45k, and at least $30k for a 3-yr old under 50k miles. Toss in the annual registration, full insurance, fuel, etc., and we’re talking nearly $1k per month just to get around.
I think the long term plan is to reduce car ownership. As inflation continues to eat away at people’s incomes it will become next to impossible for many to have a car.
Bitcoin Is Surging—So Why All the Crypto Layoffs?
Some of America’s top crypto companies announced huge layoffs this week, a signal that there may be trouble ahead for the industry beyond the looming presidential election.
The American crypto industry had plenty to celebrate this week: Bitcoin came within inches of reaching its all-time high price, crypto ETFs rang in new milestones on Wall Street, and next week’s presidential election appears poised to boost the ecosystem regardless of who wins.
You’d hardly notice, then, that it was one of the worst weeks ever for America’s top crypto employers. On Tuesday, Ethereum software giant Consensys laid off 20% of its global workforce. Hours later, DYdX, a New York-based decentralized crypto exchange, cut its team by 35%. The next morning, Kraken, one of America’s largest crypto exchanges, slashed its headcount by 15%.
Rounding out the week, Coinbase reported a disappointing Q3 that missed targets, and an overall decline in customer activity. What gives?
Experts told Decrypt a multitude of factors may be at play—ranging from shorter term election- and regulation-related anxieties that may resolve soon, to more existential issues concerning the place for crypto-native companies in an industry increasingly populated by traditional finance giants.
“This is definitely the most bearish bull market of all time,” Alex Tapscott, managing director of digital assets at Ninepoint Partners, told Decrypt.
https://decrypt.co/289687/bitcoin-surging-why-crypto-layoffs
The simple answer is that “crypto” is consolidating around BTC. All the carnage is in the altcoins.
I had a second edition copy of a literary classic valued. The results shocked me
For the past 30 years, I’ve owned an extremely valuable book. It’s a second edition copy of Pride and Prejudice that’s more than 150 years old. Every now and then I have taken it gingerly out of its box, unfolded its acid-free wrapping paper and admired it. I have always been aware of how much money it is worth, and so I have treated it with tremendous care.
I may have been mistaken.
Recently, I took my antique book to be valued by a rare books expert. I wanted to know if I should insure it, or preserve it differently, or make provisions for it to be passed on in my will.
I was terribly excited to meet with the expert. I felt like a participant on an episode of Antiques Roadshow, ready to be stunned and amazed by how much my little book could fetch. I wondered if I would be tempted to sell it if it was worth a truly staggering amount. I love the book, but if it could buy me a new car, I could probably be convinced to part with it.
Well, one part of that fantasy came true. I was definitely stunned and amazed by the expert. He examined the book, muttered something about it being “interesting”, and then informed me it was worth about $95. I couldn’t buy myself a new tyre for that amount, let alone a new car.
The entire exercise was humbling, to say the least. Happily, though, I had another shot at riches, when my mum gave me some vintage handbags.
My mum had inherited the bags from my grandmother, who had been given them as presents by a very wealthy friend. All the bags were Italian, and all designer, and most dated from the 1970s. After three months, and several significant price drops, I managed to offload exactly (hang on, let me just count quickly) zero designer bags.
What a treasure trove! What a haul! What would I do with such largesse? I kept a couple for my own use, and had the rest authenticated and valued. At least one was worth $1500, the others $500 to $600 each. Thoughts of that new car bubbled up again. At the very least, I could buy petrol for a while.
After three months, and several significant price drops, I managed to offload exactly (hang on, let me just count quickly) zero designer bags. Turns out, it doesn’t matter how much a bag is “worth”, if no one is willing to buy it.
Still, I had one last chance at selling my family heirlooms. My parents offered me their beautiful silver tea set, which had lain dormant in their bureau for years. For decades, though, that set was taken out ceremoniously for visitors, resting on its own silver tray.
Now, it was time for the treasures to go to a new home, where another grateful family would keep it in pride of place. I listed it online, and waited for the offers to pour in, like the tea that had poured from the ornate silver spout.
I reduced the price, and reduced it again, and then I offered it for free. There was not a single taker.
I caved and took the silverware to my local charity store. The staff member sighed, thanked me, and added it to the pile of silver on the shelf. All these once-cherished sugar bowls, all these beautiful teapots, all those ornamental spoons, now sitting in the corner, unwanted and forlorn.
I understand now that there’s a difference between something being objectively valuable, and merely valuable to me. And honestly, it’s liberating! I’ve spent years saving my “best” things for good, keeping them hidden away for fear of wearing them out. Now, I can enjoy my prized possessions without guilt, and forget trying to keep them pristine.
That antique wooden chest I never allowed my kids to touch? I have repurposed it as a coffee table (and occasional footrest). The lovely silver spoons from my wedding set? I’ve put them in the cutlery draw and use them for eating cereal. The vintage leather bag that no one wanted to buy? It works very well as a toiletries bag. My Nana’s ornamental ceramic pill box? Turns out it’s the perfect size for my earplugs.
As for my precious copy of Pride and Prejudice, I have removed it from its box and discarded its acid free paper. It now lives on my shelf, where I can admire it, leaf through it, and even use it as a coaster if I so desire.
And if my kids want to sell it after I’m gone, they are very welcome to do so. They can put the $95 towards a brand-new tyre.
https://www.msn.com/en-au/lifestyle/familyandrelationships/i-had-a-second-edition-copy-of-a-literary-classic-valued-the-results-shocked-me/ar-AA1toBBU
I think that her “silver” was not actually silver. If it was silver it could be melted down, as silver is worth $35 an oz. Most likely it was merely silver plated, in other words, worthless.
Fine China is another category that is also worthless on the used market. No one wants it. With few exceptions the older stuff isn’t dishwasher safe, so using it is a chore.
Yeah, i had inherited both my mother’s silverware and my grandmother’s silverware. We never use it, it’s a PITA to clean, i sold it at the coin shop for the melt value. Kids today (and honestly not for a long time) don’t do china and silverware. It’s value is only in how pretty it is or it’s melt value.
I think even silver plate is going to have some industrial value someday. I’m sure it’s a lot cheaper to extract silver plate than it is to extract tiny amounts of silver from electronice waste.
Parents react to Alberta moving toward opt-in sex ed, mandatory pronoun notification
The Alberta government’s plan to require parents to opt in to sex education for their children in schools is upsetting some parents and satisfying others.
The United Conservative Party government tabled Bill 27, the Education Amendment Act, on Thursday.
If the legislation passes, parents would have to opt in to any lessons dealing primarily with human sexuality, gender identity or sexual orientation and the education ministry would vet any resources or third-party speakers related to these topics.
Parents already can opt out, under current law, which requires one notification. The proposed rules would require school boards to give parents at least 30 days notice, enough information to make an informed decision, and the opportunity to opt in to all or part of the lesson. Passing references to sexuality wouldn’t require parental notification, however.
Premier Danielle Smith said parents should be fully informed about what’s going on in classrooms so they can talk to their children about it.
“That’s what we’ve heard from parents that they want and that’s what we’ll deliver on,” she said Thursday.
Some parents agree with the premier, saying they want to be more informed about what their children are learning in this area.
“I’ll be more aware and involved in their education,” said Geraldine Balao, a parent in Edmonton who said she loves the bill.
“I would like to see what are they actually teaching in sex-ed,” said Leila Saleh, another parent in Edmonton who has three school-aged children.
Parents opposed to the change told CBC News they believe it could lead to fewer students learning basic life lessons, including ways to protect themselves against sexually transmitted infections and prevent pregnancy.
Associations that represent teachers and parent council members say the changes the government has announced are unpopular with their members.
Members of the Alberta Teachers’ Association passed a resolution at their annual representative assembly in May saying “notification and permission regarding human sexuality” was not necessary.
ATA president Jason Schilling said having parents opt in and the ministry vet all sex ed resources would burden already overwhelmed teachers and have a chilling effect in classrooms.
Edmonton public school trustees plan to discuss a motion next week that urges school board associations to advocate to the education minister to keep the opt-out system and respect school boards’ autonomy regarding sexual orientation and gender identity policies.
Trustee Trisha Estabrooks, former board chair, said she has received an enormous amount of emails and phone calls expressing concern about the opt-in system and pronoun-notification issues.
“This is some of the most regressive legislation in this country,” she said on Friday.
https://www.msn.com/en-ca/news/canada/parents-react-to-alberta-moving-toward-opt-in-sex-ed-mandatory-pronoun-notification/ar-AA1tnIkK
And people wonder why the birthrate is in free fall.
Opinion: A new hate fest against Asian Americans
Candidate Survivor is a zany talent show held by Seattle’s powerful left-wing newspaper, The Stranger. Elected officials lip sync, eat spicy foods, perform music, and wear costumes.
But when City Councilmember Tanya Woo showed up this year, and performed a Chinese flag dance, she was booed.
The Stranger subsequently published a lonely heart ad about someone falling in love with “a cutie” with “curly hair and a flower crown” who was also booing Woo.
“Maybe we can hate on her together,” the aspiring lover wrote.
How had it come to this? That a liberal democrat, from a community of color, in what was once the nation’s most progressive city, with a huge proportion of Asians (over 18%), was shamed in forums sponsored by its most prominent left-wing publication?
As Woo has made her way from the leader of a community block watch into politics, The Stranger and other left-wing publications in Seattle have led a barrage of hate speech. When she led hundreds of elders to protest the county opening its 21st homeless shelter within a one-mile radius of the Chinatown-International District (most neighborhoods have none), the left-wing media called her a “NIMBY.”
Even readers of the highly influential The Stranger routinely call out its hateful rhetoric.
For four years, Woo has been leading a night watch where she hands out food, water, clothing, and blankets to homeless people in her neighborhood. So, when someone scrawled hate graffiti about her, community leaders denounced it as referencing anti-Asian bias. But The Stranger argued it could not have been racist because it didn’t explicitly mention that Woo was an Asian woman.
“Once again, The Stranger proves it does not understand the gravity of their ignorance of anti-Asian hate,” wrote one reader.
“Is the Stranger some kind of Ku Klux Klan publication?” wrote another.
https://www.msn.com/en-us/news/us/opinion-a-new-hate-fest-against-asian-americans/ar-AA1to3i3
Once they think victory has been achieved, they always turn on each other. Purges are a way of life for the Left, Ask Leon Trotsky. Even though he had fled into exile, he was murdered by Stalin’s agents in Mexico City. And right now they are purging the Asians, calling them “white adjacent”. And yet, many Asians will continue to pull the D lever, because “reasons”.
Asians vote 86% Democrat. Sow, reap.
‘Asians vote 86% Democrat’
You got a link for that?
Not my tribe, not my people, not my problem.
When I arrived for the Saturday market at 9:30 a.m. this morning Daniel Lurie, who introduced himself as “Danny” to my husband, was working the market’s visitors. He would soon be leaving to pick up trash with J.D. Morris from the San Francisco Chronicle. “I told him Mission Local has been doing this for months,” Lurie said. Maybe he was trying to flatter us, but it is true.
As Xueer Lu reported today, only 30 percent of the ballots have been turned in – far lower than this point 2020 – so this is the weekend that could determine the vote.
World Journal printed a political ad for presidential candidate Donald Trump on its front page today in which every line offered a nugget of misinformation. It also lacked disclosures that identify the committee that paid for the ad.
World Journal is the Chinese-language newspaper with the second-largest circulation in San Francisco.
Mission Local has translated the main body of the half-page ad. It is also rife with grammatical errors.
For Halloween, District 1 supervisor candidate Marjan Philhour dressed as a police officer, replete with a “criminal” in her backseat. Mission Local obtained video of Philhour rolling down a crowded Lake Street in a four-person pedal car, waving at passersby with a fellow police officer at the steering wheel. The vehicle was decked out with “Marjan for Supervisor” signs and disco lights lit up the roadway around it.
In the backseat, Forrest Liu is dressed in old-timey jail attire — black-and-white stripes, an inmate number stitched onto his chest. Liu is a longtime Philhour supporter who has gotten a reputation for picking fights on the campaign trail.
Philhour isn’t the only candidate aligning herself firmly with the police and criminal crackdowns; District 5 candidate Scotty Jacobs has also pasted flyers around with caricature imagery of himself helping police officers to sweep green sludge filled with meth pipes, bags of pills, and syringes into — or out of? — the Tenderloin.
https://missionlocal.org/2024/11/sf-election-blog-november-2024/
Is Unconstrained Freedom Harming Mental Health?
Unhealthy freedom is contributing to a climate and mental health crisis.
I experienced harmful freedom firsthand during the COVID-19 pandemic when visiting a rural town in Oregon where most residents refused to distance themselves or wear masks to reduce the chances of spreading the deadly virus. When asked why, most said they were not responsible for the health of others, and they would not abide by any government health recommendation that limited their freedom to do as they want.
I was recently reminded of these incidents after watching a politician’s TV ad that claimed their opponent was an “environmentalist” who “threatened our personal freedom.”
These examples illustrate how the concept of freedom has been twisted by many individuals, corporations, and politicians today into a creed that claims that any limits on their actions infringe upon their freedom.[iv] This ideology of extreme individualist freedom rebuffs responsibility for the harm their actions cause to other people or communities, and to the health of the earth’s climate, ecological systems, and biodiversity that all life depends on.
It is no surprise that people who claim this type of freedom demand independence from any limits imposed by the government. It is also not surprising that they claim the right to take from, alter, and in other ways impact nature in any way they desire.[vi] Under the rubric of freedom, this doctrine is grounded in the fantasy that their actions have no significant consequences, nature will heal itself, and any permanent impacts that might occur are the cost of progress.
This dogma is one of the underlying drivers of the continued expansive use of fossil fuels, relentless degradation of ecological systems, and extermination of biodiversity that are putting civilization as we know it at risk.
Of course, those who cling to this harmful view of freedom deny that the unconstrained burning of fossil fuels and incessant damage to ecological systems and biodiversity are dangerously heating up the planet and activating more frequent, prolonged, and destructive weather disasters worldwide. These events are natural, they claim, and we are being victimized by people who say otherwise.
This is a fairy tale. Scientists have declared that a key factor in Hurricane Helene’s intensity was the record-high temperatures in the Gulf of Mexico.[viii] The warming increased the storm’s wind speeds and rainfall and resulted in injuries, deaths, and extensive physical damage to infrastructure and communities in western North Carolina a few weeks ago. The physical harm alone is projected to cost at least $53 billion.
Despite the real-world impacts seen on the ground, those who cling to the harmful view of freedom continue to deny scientific facts, promote misinformation, and try to convince people that the climate-ecosystem-biodiversity crisis is a hoax designed to take away their freedom.
Many people increasingly feel this, especially youth. In an international survey of 1,000 young people ages 16 to 25 from 10 countries, ranging from the U.S. to Nigeria and the Philippines, more than half said they are experiencing ongoing despair and anxiety due to the climate crisis. Fifty-six percent said “humanity is doomed” and three-quarters said the “future is frightening.”
To solve both of these crises, we must reclaim what freedom truly means and involves.
Freedom is not the right to do as one wants, without constraint, no matter how it affects other people or nature. Freedom today requires an affirmative act of regeneration. It involves the mental and emotional freedom to care for the health, safety, and well-being of other people and our communities. It also involves caring for and regenerating the earth’s natural systems. Engaging in these activities allows people to find constructive new sources of meaning, purpose, and hope in their lives, which is what true freedom is about.
To shift from harmful to regenerative freedom requires a choice. We can continue to allow the ideology of harmful freedom to dominate. Or, we can demand that those who promote it come to grips with reality and make the systemic changes needed to minimize both climate-ecosystem-biodiversity and the mental health crises their dogma and resulting actions have spawned.
https://www.psychologytoday.com/us/blog/community-is-medicine/202411/is-unconstrained-freedom-harming-mental-health
“I experienced harmful freedom firsthand”
Have you considered staying home and hiding under your bed, for the rest of your life?
“Muh Freedom” was a popular quip on Reddit (home of the NPC) during CCP Flu.
Mass Formation Psychosis was too threatening of a concept to be discussed openly, that immediately after Joe Rogan hosted Dr. Robert Malone to discuss it, Google altered the search results for that phrase.
Globalists gonna globe.
A Liberal view on everything. Mankind (and womankind) should just die out and let earth be itself. Only people left would be those humanoids who are neither man nor woman.
Susan Shelley: Californians must think about their future
If you had a time machine, would you rather visit the future or the past?
No need to choose. Over the next few days, Californians will be living with both of them.
On Tuesday, voters will decide whether people in the future, possibly including themselves, will be forced to sell their homes because property taxes are skyrocketing year after year, despite Proposition 13.
We will decide whether millions of Californians who live in single-unit rentals, such as individual houses and condos, will be evicted in the future because the owner wants out of the rental housing business.
We will decide whether nearly a billion dollars more of state tax revenue will have to be paid to Wall Street investors, every year for decades, before the current needs of California residents can be met.
We will decide whether the courts can force the state prison system and county jails to pay the minimum wage to inmates who work, at a potential cost to future taxpayers of billions of dollars per year.
And L.A. County voters will decide whether more than a billion dollars in extra sales taxes will be taken from their pockets and given to non-governmental organizations, every year, to continue their costly but failing work on the problem of homelessness.
That’s why, if anyone in the future has a time machine, they’re probably here right now to make sure we vote no on Proposition 5, Prop. 33, Prop. 2, Prop. 4, Prop. 6 and in L.A. County, Measure A.
Proposition 5 makes it easier to raise property taxes. It slashes the two-thirds vote requirement to approve local debt (bonds) down to 55%. Local bonds are repaid by adding extra charges to property tax bills. Prop. 5 makes it easier to pass those bonds for countless projects and purposes that often could be funded from the taxes you already pay, if the budget was prioritized.
Prop. 5 gets around Proposition 13. It’s a turbo engine for future property tax increases that will blast through the 1978 voter-approved measure’s 2% annual cap. After a few years of gunning that engine, tax hike after tax hike, people will start losing their homes. The future you save may be your own. Vote no on 5.
Proposition 33 would take away a law that protects property owners, including individuals who own a house or condo that they rent out. The 1995 Costa-Hawkins Rental Housing Act says cities may not impose rent control on these single-unit rentals or enact other types of unreasonable rent control.
If Costa-Hawkins goes away, so will millions of rental units in California. Many owners of single-unit or multi-family rental properties will decide to withdraw those units from the market — or never build them in the first place — rather than lose money every month. California needs more housing, not less. Vote no on Prop. 33.
Prop. 2 is $10 billion of borrowing for school facilities, and Prop. 4 is another $10 billion of borrowing for climate-change programs. But this money will not teach reading or stop the climate from changing. It will just run up interest charges that nearly double the cost.
California already has about $79 billion in outstanding bond debt, $30 billion more is authorized but not yet issued, and $6.3 billion was added with Proposition 1 in March. The governor declared a “budget emergency” so he could break into the rainy-day reserve accounts, but the “emergency” is only that spending exceeds revenue. It’s time to cut up the credit card and stop sticking it to future grandchildren. Vote no on 2 and 4.
Proposition 6 would change the provision in the state constitution that bans involuntary servitude except to punish crime. Prop. 6 removes the exception, which means inmates could not be required to work (as they currently are under state law). Removing the exception also removes the basis for court decisions that said inmates were not “employees” and were not entitled to be paid minimum wage.
If future residents of Los Angeles County get angry that the sales tax charges on their receipts are insanely high, as are some of the people (still) living in tent encampments on the sidewalks, they may pull up in their time machine to plant a “No on Measure A” sign on every freeway ramp.
Measure A would double the 2017 sales tax increase for homelessness programs, which was temporary, and make it permanent. It would entrench the current broken system, funding its incompetence richly with more than a billion dollars every year, forever. Vote no on Measure A. Existing funding doesn’t end until 2027. There’s time to develop a more effective plan, without a tax increase.
Present-day Californians may want to borrow a time machine and go back to 2006 to block the upcoming increase in gasoline prices. Due to the state’s Low Carbon Fuel Standard regulations, the price hike might be 47 cents, or 65 cents, no one really knows. The entire state is on regulatory auto-pilot to fulfill the demands set in law by Assembly Bill 32, the 2006 Global Warming Solutions Act.
Last week, reporters demanded answers from the California Air Resources Board about next week’s vote on an “update” to the regulations. Will it raise gasoline prices? How much? There were no answers to be found. We’ll have to travel back in time to ask the Legislature and then-Gov. Arnold Schwarzenegger why they enacted AB 32, ignoring concerns that the law would endlessly increase electricity and fuel prices in California (while having no effect on the global climate).
If people from California’s future could have made it there in time, they might not be future Texans today.
https://www.msn.com/en-us/news/us/susan-shelley-californians-must-think-about-their-future/ar-AA1tnVsF
I’m so glad I don’t live anywhere near this loonie bin.
Denver is just as bad.
I’m in Colorado Springs right now and it feels like I’m in a different country.
Colorado Springs is going down the same road as Denver. Nextdoor is full of Ring cam pics of “newcomer” and Youth for Kamala trick-or-treaters dumping the basins full of candy into their bags, instead of helping themselves to a couple of treats, as suburban libtard hausfraus discover the high-trust society we used to have no longer exists.
Agree. I’ll be curious to see how this election plays out in El Paso county.
I bet they all pass. (it’s he who counts the votes that is important)
California is cooked.
My Turn: Renee Scheidt: Buyer’s remorse
Nothing stings worse than to realize too late that you’ve been duped. You buy the sales pitch and find out after the purchase that they misled you. I dare say if Kamala wins the White House, it won’t take long for many who supported her to have buyer’s remorse. Since she has refused to do a press conference, and tells the public to look at her website to know her policies (which few do), they remain largely unknown. Those controlling her realize a press conference would be disastrous so they keep her hidden for the most part. If Kamala disclosed her true plans, she’d never win. She also has the distinction of being the only candidate who never received one vote. Instead of being elected by delegates to the DNC, she was selected by important politicians like Pelosi, Obama and Schumer. She, like Biden, will play the same game of being a figurehead for those behind the scenes dictating what her next move will be.
Since Kamala’s past four-year record in office is so dismal, she can’t run on what she’s done. The future goals of her handlers are so radical, that she can’t disclose them. All that’s left in her toolbox is to demonize Trump. “Harris Hitler Hysteria” is now on full display. Her game plan is to scare voters into believing “Trump is a threat to democracy.” How ironic when that’s exactly what elite Democrat operatives did by booting Biden out and putting Kamala in his place. How Democratic is it to be selected by powerful back-room Democrats calling the shots instead of being elected by the delegates at the DNC?
I’m weary of hearing her lies that Trump will be a dictator, and lock up those who oppose him. She and Joe are the ones who sent the FBI to raid the homes of those who opposed their policies. They are the ones who weaponized the DOJ and the IRS against their foes.
Spare me from such nonsense as Trump will impose a nationwide abortion ban, or gather dissenters into concentration camps. These are scare tactics designed to fool you to get your vote.
No one likes to be told, “I tried to tell you but you wouldn’t listen.” I hope that won’t be necessary. With the future direction of our country on the line, this election is too important to suffer buyer’s remorse.
https://www.salisburypost.com/2024/11/03/my-turn-renee-scheidt-buyers-remorse/
Leftist Arrested for Violently Assaulting Man Wearing MAGA Hat
by Raw Egg Nationalist
November 3rd, 2024 7:34 AM
A man attacked a stranger in a convenience store and broke his teeth—simply because he was wearing a MAGA hat.
Robert Yott, 60, was arrested following the assault, which took place at Tops Friendly Markets in Bath, New York, on Friday.
According to local police, Yott became aggressive when he saw the man wearing a Trump 2024 hat. He punched the man in the mouth and head multiple times, breaking his teeth. The two men had never met before.
Yott was charged with second-degree assault (a class D felony) and fourth-degree criminal mischief (a class A misdemeanor).
After his arrest, Yott was taken to the Steuben County Jail to await arraignment. He is currently being held without bail.
The assault is yet another example of what happens when you demonise and dehumanise your political opponents as savagely and consistently as the left has demonised and dehumanised Donald Trump and the MAGA movement.
In recent weeks, attacks on Trump and his supporters have intensified, with familiar slurs like “Nazis” and “garbage” being hurled by Kamala Harris, Joe Biden, Hillary Clinton, Gavin Newsom and other prominent Democrats.
https://www.infowars.com/posts/leftist-arrested-for-violently-assaulting-man-wearing-maga-hat
Biden: Trump’s Backers Deserve a ‘Smack in the Ass’
by RT
November 3rd, 2024 10:50 AM
US President Joe Biden has condemned Republican nominee Donald Trump’s promise of lower taxes for high earners, and lashed out at “macho guys” who support such ideas.
He made the remarks during a campaign stop in his birthplace of Scranton, Pennsylvania on Saturday, in support of Vice President Kamala Harris, the Democratic candidate in the election on Tuesday.
“There’s one more thing Trump and his Republican friends want to do. They want to have a giant tax cut for the wealthy,” Biden told the local chapter of a carpenters’ union. “Now, I know some of you guys are tempted to think it’s macho guys,” he continued, in an apparent reference to Trump’s supporters.
“I tell you what, man, when I was in Scranton, we used to have a little trouble going down the plot once in a while. These are the kind of guys you’d like to smack in the ass,” he said, showing gritted teeth and clenched fists. “By the way, I’m serious,” he added.
Sky News
@SkyNews
Biden says Trump is someone ‘you’d like to smack in ass.’
6:55 AM · Nov 3, 2024
https://x.com/SkyNews/status/1853043294919356495
He couldn’t smack his way out of a wet paper bag.
Does Dr. Jill change his diapers?
going down the plot
I’ve lived there and have no idea what that means.
TGI Fridays files for bankruptcy protection as sit-down restaurant struggles continue
Restaurant chain TGI Fridays says it has filed for bankruptcy protection as it looks for ways to “ensure the long-term viability” of the casual dining brand
By MATT O’BRIEN AP business writer
November 2, 2024, 12:11 PM
https://abcnews.go.com/US/wireStory/tgi-fridays-files-bankruptcy-protection-sit-restaurant-struggles-115427372
Paul Krugman could not be reached for comment.
The middle-class can no longer afford to dine out.
‘The city has a median household income of $68,000, lower than the $95,000 median in California. The median sales price of a home was $750,000 in September — up from $427,000 five years ago’
I can remember when a Lake Tahoe shack would be multiples in price of places like Phoenix. Not anymore.
‘Schoennauer said the pathway program could be beneficial citywide. ‘We have 36 projects citywide, that are either approved or near approval, which can’t get financing to start construction’…There are at least 13 housing projects totaling more than 1,500 new homes stuck in limbo waiting for city funding’
No one wants to lend the money Erik because they won’t get paid back. Even the city can see that.
‘Gregerson’s toenails are painted hot pink, a tropical color that evokes the joys of lounging by the water, margarita in hand. But as the single mother of four walks out her back door in Cedar Park, a suburb northwest of Austin, to ‘show off’ her swimming pool—which she installed in 2021 for $120,000, after saving for six years—it’s clear she hasn’t been enjoying much aquatic R&R. After less than three years of use, her pool has become a gaping, dangerous hole. ‘This was my ‘I’ve made it through my divorce, I am woman, hear me roar’ project,’ she says. ‘It was something I’ve dreamed about since I was a kid.’ Instead, ‘no one comes in my backyard’ anymore. ‘It’s a graveyard’
And you got a second lien on yer hands Janell.
‘This was my ‘I’ve made it through my divorce, I am woman, hear me roar’ project,
But apparently she wasn’t working and must be living on alimony/divorce payouts and child support but that wasn’t enough so:
Gregerson found work as a home-sales representative and can barely afford the $11,000 she spent to have core sample
I respectfully suggest that this is not a successful “hear me roar” project, but hey, what do I know…..
‘The fundamentals just aren’t there. What supported office 10, 15 years ago isn’t there anymore. We haven’t come back from what changed in Covid,’ Nolen said. ‘Office lease space is just so abundant. It’s like walking in grass — it’s everywhere’
Let’s be clear Mike, the lending was sound.
‘When Zhu Yufei came across reports that suggested a turnaround of mainland China’s property market was imminent, she felt a surge of optimism. Verbal assurance from top officials and fresh interest-rate cuts have suddenly drowned years of misery among homeowners like her…only to find the market still in a spiral. Her agent has recommended cutting the asking price further…‘Taking a long view, I bet home prices will continue to decline, since the national economy is unlikely to grow rapidly again over the next decade’
Wait just a minute Zhu, you sound dangerously close to giving it away!
‘Some property brokers are worried that the post-stimulus euphoria could be a false dawn. Most homebuyers like Zhao are still spooked by fears of a market relapse, property agents said. Ian Zhang, who supplied electrical equipment to several property developers including the Zendai Group for almost two decades, liquidated his business recently after failing to secure a single contract over the past 12 months’
Yer making bloomberg a sad panda Ian.
‘China had 3.5 billion square metres of pre-sold but uncompleted homes at the end of 2023, analysts at Goldman Sachs estimated. By another estimate, 20 million pre-sold homes were uncompleted. This remains a sore point in the industry as trust in the financial health of home builders is eroded or broken. ‘It is a chicken-and-egg issue’
Just a mild criticism here Yan. Yer slogans and pronouncements sound like fortune cookies.
‘Zhu in Shanghai is aiming to sell her flat in Gubei for 12 million yuan. She has been told by her brokers that the property will not find a buyer unless she drops her asking price by more than 1 million yuan. ‘I may consider slashing the price to get the deal done, now that the buying interest will not return to the level seen in 2022…My take is that the once-booming property market will not grow at a rapid pace again like in the past’
Yer giving away a gold mine Zhu, all that work for nothing!
Autism Capital 🧩
@AutismCapital
🚨TRUMP ON VOTER FRAUD AND VOTER ID:
“In Lancaster they found 2600 ballots all done by the same exact hand. The same pen, the same penmanship, the same everything. Then they try to say this is a conspiracy theory. The whole world watches this. Even third world countries say they take fingerprints before they vote. In California they’re not even allowed to ask for Voter ID, if they do ask, they can go to jail.”
11:37 AM · Nov 3, 2024
·
https://x.com/AutismCapital/status/1853114401257291905
Drew Hernandez
@DrewHLive
President Trump slams the swing states that have announced Election Results may not be announced on election night
12:00 PM · Nov 3, 2024
https://x.com/DrewHLive/status/1853120199798452319
The 2024 election was stolen.
2:19
Alex Jones
@RealAlexJones
Trump is pissed! Just minutes ago in Pennsylvania 45 broke down the election fraud being openly carried out by the deep state Democrats. He basically repeated everything I said last night
@AJNlive
11:52 AM · Nov 3, 2024
https://x.com/RealAlexJones/status/1853118076360810946
More Soros paychecks.
Washington Post — Fencing erected at White House, VP residence as D.C. braces for unrest (11/3/2024):
“Rings of new security fencing enveloped the White House, U.S. Capitol and Vice President Kamala Harris’s residence on Sunday as federal and District authorities braced for potential unrest in Washington following Tuesday’s presidential election.
For weeks, D.C. officials have sent messages of reassurance to residents and businesses still scarred by damage incurred during some 2020 racial justice and post-election protests. Authorities know of no credible threats, Washington’s police chief said at a news conference, adding there is “no need for any alarm.”
Antifa is the PAID brownshirt wing of Democrat Party,
“Still, signs of caution proliferated this weekend, as the Secret Service erected new, eight-foot-high metal fences around the White House and Treasury Department complex, and adjacent parts of Lafayette Square, as well as outside the Naval Observatory grounds and Harris’s residence. The Capitol reintroduced temporary bicycle-rack barriers posted with signs stating, “Police Line: Do not cross,” surrounding its perimeter.
As authorities worked to fortify public assets, some business and property owners braced for the worst, surging private security, shoring up street-level windows and entrances, and finalizing contingency plans in anticipation of possible looting or rioting. Owners of commercial buildings near the White House boarded up or added fencing outside street-level businesses and shops, with business association leaders saying they would rather overprepare than sustain damage in the event of street violence, although District officials have said there is no need to cover windows.”
https://archive.ph/JgFQ3
This is what happens under an un-elected, illegitimate regime desperate to cling to power via election fraud.
Do not believe anything you read in the New York Times or Washington Post, they are all liars. And regarding DJT’s comments this afternoon about journalists, you’re saying what most of us are thinking. Globalist scum media you are VERMIN.
People with Harris Signs in Panic After Receiving Letters and Postcards Thanking Them for ‘Volunteering’ to House Migrant Families (11/3/2024):
“Kamala Harris supporters across the country have been left rattled after receiving letters and postcards suggesting they will be “volunteering” to house migrant families.
While Democrats have championed open borders and humanitarian migrant policies, it seems when the issue is brought to their own doorsteps—literally—enthusiasm fades.
One Harris supporter in Shrewsbury, Massachusetts, was shocked after receiving what appeared to be a postcard from Harris’s campaign.
When she flipped it over, the message informed her that a family of migrants from Nicaragua would be moving into her home, even specifying the date and listing food and transportation needs.”
https://www.thegatewaypundit.com/2024/11/people-harris-signs-panic-after-receiving-letters-postcards/
Sounds about right. They can share a room with your 5 year old daughter just like the one in Long Island that the hand rubbing media doesn’t want to discuss. Why is that, Real Journalists?
America’s Global Fleecing Is Imminent
by Jon Bowne | Infowars.com
November 3rd, 2024 4:41 PM
This may be all the proof that you need that the World Economic Forum Climate Change hysteria is a giant scam.
Oxfam International, a British led confederation of 21 independent NGOs reported that World Bank bureaucrats have misplaced between $24 billion to $41 billion in funds intended for climate change efforts.
The misplaced funds were attributed to poor record-keeping practices and an odd accounting practice by the bank. The audit highlighted a lack of traceable spending over the past seven years. A World Bank insider suggested that the amount of missing money could be much “could be twice or 10 times more.”
Meanwhile, corrupt and compromised lame duck President Joe Biden has allocated at least $113.4 Billion to Ukraine while the Hurricane Helene ravaged Appalachians are essentially left to fend for themselves. To add insult to highway robbery, Ukrainian refugees are eligible for our failing Social Security benefits, health care, food stamps, and medicare insurance.
https://www.infowars.com/posts/americas-global-fleecing-is-imminent
Do you worry the Treasury bond market is due for a post-election CR8R event, when bond vigilantes recognize that whoever gets elected intends to do nothing to contain the federal debt?
Average yearly yield of 10-year bonds issued by the U.S. government from 1990 to 2023
https://www.statista.com/statistics/698047/yield-on-10y-us-treasury-bond/
Quick observations:
1) The only year since the 30-year Treasury yield dipped below 1% at annual level was 2020. Was this the lowest government bond interest level in the history of sovereign debt?
2) Current 10-year yields at over 4% are more in line with historical levels, but could potentially go much higher before returning to anywhere near 1% again, which by the way may never happen again.
Weak jobs data can’t stop 10-year yield’s climb as stock-market rally lost steam
By Vivien Lou Chen
Last Updated: Nov. 1, 2024 at 4:32 p.m. ET
First Published: Nov. 1, 2024 at 1:37 p.m. ET
The 10-year Treasury note initially rallied, then sold off on Friday — sending its yield to a four-month closing high.
Photo: Spencer Platt/Getty Images
Referenced Symbols
TMUBMUSD10Y 4.397%
Bond-market traders shook off Friday’s weak nonfarm payrolls report for October by sending the benchmark 10-year yield to its highest level since early July, which may have sapped some momentum out of the stock-market’s rally.
October’s jobs data was released at 8:30 a.m. New York time — stunning market participants by revealing only 12,000 new jobs were created, well below economists’ median forecast for a gain of 110,000. The 10-year yield
briefly fell as much as 6 basis points to 4.22% within the first 30 minutes of the data release, then quickly turned higher and kept climbing. The rate finished at a four-month high of 4.361%.
As Friday’s trading session progressed, all three major U.S. stock indexes
edged down from their session highs reached during the New York morning. They still closed higher for the day.
…
https://www.marketwatch.com/story/a-weak-jobs-report-couldnt-stop-10-year-treasury-yields-from-rising-ab0be26f
Finance·Real estate
The anticipation of a Trump win is sending mortgage rates soaring. Top economists say scorching inflation is very likely to go with it
BY Alena Botros
October 31, 2024 at 11:59 PM PDT
…
https://fortune.com/2024/11/01/donald-trump-mortgage-rates-harris-inflation-election/
UNAFFORDABLE UTAH
Why are mortgage rates above 7% again?
Nov 1, 2024, 6:19 PM | Updated: 6:46 pm
BY DANIEL WOODRUFF
SALT LAKE CITY — Homebuyers are grappling with mortgage rates that have once again risen above seven percent.
Those rates had fallen noticeably, as KSL TV reported at the end of September. But since then, they’ve shot back up. The national average as of Friday was 7.09%, according to Mortgage News Daily.
In just a few weeks, that’s an increase of nearly $300 a month for a typical mortgage payment, according to an analysis by Momentum Loans in Sandy.
Pam Greenspon recently bought a house in Lehi in a new neighborhood that’s still under construction. While she benefitted from quite a bit of equity when she sold her previous home, Greenspon said the rate for her new home was higher than she would have liked.
Pam Greenspon, pictured in Lehi on Friday, Nov. 1, 2024, said the rate for her new home was higher than she would have liked.
“I was hoping by the time I closed on the loan that rates would come down,” she said. “They came down a skosh bit, but they didn’t come nearly as much as I was hoping.”
The reason behind the rise
Christian vom Lehn, an economics professor at Brigham Young University, said the reason for the roller coaster rates comes down to economic indicators.
“It really reflects the fact that the U.S. economy is doing pretty well,” said vom Lehn, noting strong performance in gross domestic product, unemployment, and the labor market.
Because of that, he said, there’s doubt about how much the Federal Reserve will cut rates in the future. Beyond that, vom Lehn said there’s turbulence in the markets because of the election.
“We have a lot of extra volatility and uncertainty that people will feel, and that sometimes shows up in things like these mortgage rates,” vom Lehn said. “I think we’ll have more clarity and stability once we can move past the volatility of the election and have more certainty about what’s going to be ahead for the economy for the next six months or a year.”
The latest jobs report Friday was “weaker than what economists were forecasting,” vom Lehn added. Could that lead to mortgage rates dipping?
Not necessarily, vom Lehn said, because the lower jobs numbers were largely due to strikes and hurricanes – factors that are not a permanent part of the U.S. economy.
…
https://ksltv.com/700985/why-are-mortgage-rates-above-7-again/
Are you worried your candidate may blow the erection?
election
I thought you were talking about Kamala voters.