We’re Waiting For The Shoe To Drop, And It’s Just Not Dropping
A report from the Telegraph. “The message from American voters is clear: four years under Joe Biden and Kamala Harris have made them feel poorer, not richer. The backlash from voters against Biden and Harris’s record stands in stark contrast to how their credentials are portrayed among economists. The Economist magazine last month ran a special report on America’s economy, describing it as ‘the envy of the world.’ ‘If you compare prices of everyday staples and housing today to four years ago, they’re significantly up. Voters don’t look at it like economists. They know how much they’re paying now versus how much they paid four years ago,’ says Stephen A. Myrow, the managing partner of Beacon Policy Advisors in Washington. ‘Kamala’s catchphrase was ‘We’re not going back’. But many people in the end preferred where they were to where they are now,’ adds Myrow. ‘You can’t convince people to feel differently than they do. Whatever they felt like about the economy and their own personal finances, no amount of messaging was going to change that.'”
From KSAT. “According to CNN exit polls, 45% of Latino voters nationwide chose Trump, a sharp increase from the 65% who supported President Joe Biden in the 2020 General Election. This trend was especially pronounced in Texas, particularly along the border. Bexar County voter Adam Salazar explained his vote, citing dissatisfaction with the current economy and rising housing costs. ‘Inflation, plus housing — right now, the rent is just sky-high,’ Salazar said. Another voter, Ruben Torres, also supported Trump, prioritizing economic stability. ‘The more money in your pockets, the better,’ Torres said. ‘If you don’t have any money, then everybody struggles. These past four years have been bad.’ Voter Rudy Cortinas echoed a sentiment: ‘He’s the only one that does what he says he’s going to do.'”
The Real Deal on California. “If the current vote leaders hold their positions, the Bay Area’s real estate industry is looking at a much friendlier political climate after Tuesday’s election. Levi’s scion Daniel Lurie had an early lead in the San Francisco mayor’s race, as did moderate challengers looking to unseat progressive incumbents in two hotly contested Board of Supervisors races. The next vote-count announcement from the city’s Department of Elections will come Thursday afternoon, but as it stands Lurie has about 108,000 votes to London Breed’s 84,000. Jay Cheng, executive director of moderate political group Neighbors for a Better San Francisco and a former deputy director of government affairs for the San Francisco Association of Realtors, called that a ‘dominant lead’ that ‘seems hard to overtake in any scenario.'”
The Review Journal in Nevada. “The Las Vegas market recently entered more ‘balanced territory,’ said Kara Ng, a senior economist with Zillow, noting this is the first time buyers and sellers have been on ‘neutral territory’ in years. Steven Poscente, a Las Vegas Realtor with Remax Advantage who has lived in the valley for close to 40 years, said the research data he’s seen shows a 3 percent decrease in home prices by the end of the year. He said any smart real estate agent should have been putting money away for a rainy day during the boom cycle during the pandemic. ‘Many of us were spoiled and have been unrealistically holding our breath,’ he said. ‘Leaving the meteor speed of appreciation behind, we are likely to experience continued growth, albeit at a snail’s pace for now.'”
The Washington Post. “Interest rates are going down — but aspiring homeowners waiting for lower mortgage rates aren’t feeling relief. People who bought houses at high rates are also eager for borrowing costs to simmer down so they can refinance and get lower payments. ‘We’re waiting for the shoe to drop, and it’s just not dropping,’ said Mike Kemp, who bought his roughly $700,000 home last November and is eager to refinance his 7.25 percent mortgage. Kemp is still waiting for lower rates in Phoenix. The general manager of an automotive repair facility bought a home last year thinking he would be able to refinance quickly once the Fed began to cut, to achieve some crucial financial wiggle room. Instead, he and his wife are ‘financially strangling’ themselves to pay $5,400 on their home every month, on top of groceries and other bills.”
The Sun Sentinel in Florida. “A group of seven owners at The Woods Condominium, a two-story 46-unit complex in Wilton Manors, successfully challenged $12,000 assessments that were approved by their governing board — without a vote by all unit owners — to replace the complex’s air-conditioning system. The $12,000 assessment to each unit owner for the AC replacement that was approved in May followed several other assessments that some of the residents say depleted their savings or drove them into debt. Randy McLoud, the deposed president, said he has received emails from would-be home purchasers ‘telling me, ‘I’m sorry, we can’t buy there because there’s an air-conditioning problem. The only solution would be busting up everybody’s floors and redoing all new plumbing, and you know, who can afford that?'”
“Pam Nolan, one of the primary dissenters who has served as board treasurer on and off over 10 years since 1996, says she used her home equity to finance the $12,000 air conditioning bill after using a different loan to pay off previous assessments. She contends that the air-conditioning system does not need to be replaced. ‘The current system just needs regular quarterly maintenance and everyone needs to take ownership of their own heat pumps and have them properly maintained,’ she said.”
WINK in Florida. “The bullet holes left behind by shots heard in a normally quiet Cape Coral neighborhood scared one woman into buying security cameras for her home. It happened at a short-term rental home located on Southwest 14th Place. Neighbors told WINK News reporter Asha Patel that they have seen and heard parties and people coming and going at all times of night, which is uncommon for the area. Ashley McNaughton has lived on Southwest 14 Place in Cape Coral for six years and has never woken up to gunshots until the shooting that morning. ‘About 2:45 in the morning, we both awoke to pop, pop, pop, pop,’ McNaughton said to WINK. ‘A few minutes went by, and I heard another pop, pop, pop, pop, and that wasn’t fireworks, and then I knew that that was gunfire.'”
The Real Deal on Illinois. “A Gold Coast condo recently changed hands for a fraction of what it commanded over three decades ago, highlighting depreciation in the downtown residential market. The three-bedroom unit on the 59th floor of the 66-story Bloomingdale’s building, at 900 North Michigan Avenue, sold for about $378 per square foot, a sharp decline from the $596 per square foot it fetched in 1989 — a value equivalent to $1,500 when adjusted for inflation. ‘The buyer got a great deal,’ said Harry Maisel, the @properties Christie’s International Real Estate agent representing the seller, Gerardo Madrigal. Madrigal, who had purchased the 2,700-square-foot condo in 2000 for $1.8 million, about $667 per square foot, did not comment on the transaction. The unit was listed at just under $1.4 million in July before going under contract for $1.02 million in September.”
Bisnow Washington DC. “Donald Trump achieved a resounding electoral win Wednesday morning, giving the former president a second term. The change in power could have long-lasting implications on the nation’s capital and the surrounding region. The federal government is D.C.’s largest office occupier and employer. Cutting federal agencies or moving them out of the capital could have dramatic effects on D.C.’s already struggling office sector. The market was 22.7% vacant as of the third quarter, according to CBRE, and office buildings in the District’s downtown are plummeting in value.”
“‘Everyone in this business that deals with federal government real estate is terrified,’ one federal leasing broker who declined to be identified due to the nature of their work told Bisnow. ‘Every office building owner in D.C., Maryland, Virginia that leases space to the federal government is nervous, very nervous, about what may happen,’ the source said.”
The Globe and Mail in Canada. “3 McAlpine St., No. 401, Toronto. Asking price: $799,000 (July, 2024). Selling price: $760,000 (September, 2024). The listing for this two-bedroom unit instructed interested buyers to make an offer on a specific date in July. None met the deadline, a result the agent chalked up to the unit’s hefty monthly fees and the potential detrimental effects from an impending development next door. ‘The major hurdle we faced was the high maintenance fee of $1,481, which only covered water,’ said agent Belinda Lelli. ‘What also didn’t help was a placard in the front saying there was going to be a new build, so they would lose their view.'”
“Around Labour Day, one buyer made an offer and subsequent negotiations brought the sale price to $760,000 – $39,000 under asking. The buyer took possession about two weeks later. ‘We kept working it, and in the interim, I saw other properties expiring and terminated,’ said Ms. Lelli. ‘We were the only one that sold. Sellers are having a hard time wrapping their heads around the price declines. However, if we looked at what these sellers purchased it at to what they sold for, they’ve done very well.'”
Windsor Star in Canada. “Prices remained stable in October in the Windsor area’s real estate market last month. ‘With more inventory on the market, buyers have more options,’ Windsor Essex County Association of Realtors’ president Maggie Chen. said. ‘There’s not many investors. There’s less fear of losing out on something. That’s why they are taking longer to make decisions.'”
Northwich & Winsford Guardian in the UK. “One year has passed since Craig Dentith came to the Northwich & Winsford Guardian to raise concerns about the Wharton Green development in Winsford. A lack of street lighting, an out-of-bounds playground, unfinished roads and an abundance of weeds are just some of the issues residents have been faced with. Craig said:’The progress in the last 12 months, or should I say non-progress, has been nothing short of embarrassing. It is an absolute disgrace. For an estate that is less than three years old it’s looking tired. The estate has the feel of something that’s been abandoned and has not been maintained in any way, shape or form.'”
“Meanwhile, the playground remains fenced off and weeds have started taking over the roads and footpaths. Craig adds that the majority of streetlighting doesn’t work, which he says is ‘extremely dangerous’ with some areas of the estate left in total darkness. ‘I’m so frustrated and upset about this situation, it’s a complete disregard to the residents of the estate that have invested large sums of money in purchasing their homes and been totally let down by false promises,’ Craig said.”
The Citizen in South Africa. “When Paul and Terri Bigge decided to rent out two cottages on their property in Golf Club Terrace, they were convinced the additional income would go a long way toward making their lives a little easier. They could not have been more wrong. For nearly a year, everything went well until, in November 2022, their tenant simply stopped paying. ‘We found ourselves going through financial difficulty, to the extent that our electricity was disconnected,’ says Terri. One late night in March, Paul and Terri awoke to the sound of shouting. Paul went to investigate, taking with him an unloaded gas pellet pistol in the hopes that if there were intruders, he could try and scare them off. The next day, police showed up and promptly arrested Paul for pointing a firearm. He was handcuffed, stuffed into a police bakkie, and taken to Florida Police Station. He ended up spending seven days behind bars in the Krugersdorp prison before he was finally released on bail.”
“Meanwhile, the situation with the tenant became worse. She would scream and shout obscenities every time Paul or Terri would dare go outside. By October 2023, they decided to serve a new eviction order, which she once again ignored. The couple decided to take her to court, but she eventually moved out just a week before the court date, leaving the cottage in a terrible state. ‘The place was filthy,’ says Terri. ‘There were plastic bags filled with faeces everywhere, the walls were covered in grime, the sliding door was smashed, and many of the floor tiles were broken.’ ‘This whole ordeal has made us very distrustful of people,’ says Paul. ‘It is a situation I would not wish on my worst enemy. I would urge landlords to take extra care before approving a potential tenant. Once they are in, getting them out is a complete nightmare.'”
Radio New Zealand. “You might think that if you bought a house in Auckland 20 years ago and sold it this year, you would be guaranteed to make money. But in a couple of recent sales, owners have lost money – and more than $100,000 in one case. The reason? They were leasehold properties. These are the kind of properties that often capture first-home buyers’ attention, because they stand out among ‘for sale’ listings due to their prices. Another property in Parnell sold for $87,000 last week with a CV of $970,000. ‘It was previously bought for $205,235 back in June 2000. So over 24 years the property has gone down in value by 58 percent,’ said Ed McKnight, economist at Opes Partners. ‘Over the same period property values in Parnell have gone up by 335 percent. The property sold 91 percent below CV. But that’s not a sign that the property was a good deal.'”
From Reuters. “A threat by Donald Trump, who has been elected as the next U.S. president, to impose 60% tariffs on U.S. imports of Chinese goods poses major growth risks for the world’s second-largest economy. Not only are the tariff rates much higher than the 7.5%-25% levied on China during his first term, the economy is also in a much more vulnerable position. In 2018, the property market was strong, driving about a quarter of China’s economic activity. That meant local government finances, heavily reliant on auctioning land for residential projects, were not questioned so forcefully.”
“This helped China absorb the tariff shock. But since 2021, real estate has been in a severe downturn and local government revenues have plunged. Housing oversupply means this sector may never return to the driving seat of Chinese economic growth. The property sector’s downturn has saddled local governments with unsustainable debt. While Beijing is lining up fiscal help for them to curb their liabilities, the burden is huge, limiting China’s ability to respond to any external growth shocks.”
This Post Has 168 Comments
Comments are closed.
‘If you compare prices of everyday staples and housing today to four years ago, they’re significantly up. Voters don’t look at it like economists. They know how much they’re paying now versus how much they paid four years ago,’ says Stephen A. Myrow, the managing partner of Beacon Policy Advisors in Washington. ‘Kamala’s catchphrase was ‘We’re not going back’. But many people in the end preferred where they were to where they are now,’ adds Myrow. ‘You can’t convince people to feel differently than they do. Whatever they felt like about the economy and their own personal finances, no amount of messaging was going to change that’
That means yer the primary idiot who fooked up Jerry and put the Orange Man back in power.
“The message from American voters is clear: four years under Joe Biden and Kamala Harris have made them feel poorer, not richer.
It isn’t about “feelings,” globalist scum media. By every objective measure, the 99 percent have seen their purchasing power and standard of living eroded under the Biden-Harris regime.
I got a ton of RE and election crater to post here. It will take a few hours.
Here’s a video to start:
https://x.com/CollinRugg/status/1854190156070224306
Make Mental Institutions Great Again.
https://armageddonprose.substack.com/p/schadenfreude-juicy-scenes-of-liberal
HA!!! I just posted that with you in mind!
You’ve seen my unhinged meltdown videos?!!!
Via ZH, Schadenfreude: Juicy Scenes of Liberal Cope as TDS Makes Historic Comeback
I’m amazed there’s a generation that thinks it’s appropriate to post these emotional videos. I see boxed wine and cats in these ladies’ futures. 🍷🐈
Agree. You’re supposed to hold it together in public and meltdown in private. And these public melt downs aren’t spontaneous crimes of passion, so to speak. They have to reach for the phone, hit record, melt down, edit, upload, and hit post. Even if they melt down on a livestream, they still need to sign on to social media and do whatever setup for a live stream. Either way, they have AMPLE time to recognize what they’re about to do. What’s even odder is that by now they KNOW that they’re going to go publicly viral. Yet that’s not enough to stop them.
I can only conclude that they deliberately invite the attention; they get off on the struggle session. They’re emotional exhibitionists.
Then it’s permanently out there! Guaranteed they’ll scare off potential employers and suitors!!!
Guaranteed they’ll scare off potential employers and suitors!
I am not in their target audience. but my “step son” is and I am sure he’d run from people with TikTok like these. And he voted for Joe in 2020. Don’t know in 24.
Kash Patel has been at the forefront of calling out the entrenched, systemic corruption in the Deep State and our globalist-captured institutions of governance. Time for Trump to wield an iron broom.
https://x.com/Patri0tContr0l/status/1854205937160184064
Trump rides wave of economic, immigration anxiety to reclaim U.S. presidency
Donald Trump roared back to the U.S. presidency by increasing his vote share in virtually every corner of the country, flipping at least four swing states and connecting with traditionally Democratic constituencies. He was also on track to become the first Republican to win the popular vote in two decades.
Mr. Trump’s Republicans also took control of the Senate from the Democrats, may keep their majority in the House of Representatives, and already have a six-to-three conservative majority on the Supreme Court. It all means that Mr. Trump will arrive in Washington in January with the most power and political capital he has ever held.
The Democrats, meanwhile, spent Wednesday trading recriminations.
Vermont Senator and former presidential candidate Bernie Sanders said the party needed to tack further left to win over voters with economic anxiety. “It should come as no great surprise that a Democratic Party which has abandoned working class people would find that the working class has abandoned them,” he said in a statement.
David Plouffe, a senior adviser to Ms. Harris’s campaign, appeared to subtly lay the blame at Mr. Biden’s feet. The 81-year-old president stayed in the race until July despite concerns about age-related decline before bowing out under pressure.
“We dug out of a deep hole but not enough,” Mr. Plouffe tweeted of the Harris campaign’s efforts. “A devastating loss.”
https://www.theglobeandmail.com/world/us-politics/article-trump-rides-wave-of-economic-immigration-anxiety-to-reclaim-us/
The 81-year-old president stayed in the race until July despite concerns about age-related decline before bowing out under pressure.
Dementia Joe stayed in the race because his VP, the DNC, & the globalist scum media all assured us in unison that concerns about his cognitive decline and worsening dementia were unfounded.
“It should come as no great surprise that a Democratic Party which has abandoned working class people would find that the working class has abandoned them,” he said in a statement.
While this is technically correct, it’s not socialism that workers want.
We dug out of a deep hole
There’s your problem. Stop digging.
Justice for Peanut (and Fred)
Cubicles into communities: Proposal would convert Denver office units into dormitory housing. 3 min
https://www.youtube.com/watch?v=9g8d-bZyrC0
We already know how that will work out.
At least it’s “dormitory” housing, and not luxury. However, these homeless have NO BUSINESS being housed in prime real estate in downtown areas.
IMO, those buildings should be converted to one- and two-bedroom partially-subsidized apartments for people with actual JOBS. I’m talking about people who work the delis and the dry cleaners and the dental hygienists and medical techs and the rest. And they should have to provide proof of job every three months in order to collect their rent subsidy.
As for the homeless, they should be housed in all those abandoned office parks in the suburbs — you know, the buildings that have For Lease signs on them for years on end.
(And come to think of it, some of those suburban buildings could be also be purposed for low-income working people. For example, those people with jobs who have to live in their cars.)
Joe Biden’s “stupidity and selfishness” cost Kamala Harris the election, a major Democratic donor has said, as the party begins a blame game over its devastating election loss.
Senior party officials and donors have cited Ms Harris’ closeness to President Joe Biden and Mr Biden not dropping out of the presidential race against Donald Trump earlier as key factors in her defeat.
Whitney Tilson, a Wall Street investor and long-time Democratic donor, told the Telegraph: “Off the top of my head, here’s how I’m allocating the blame.
“Fifty per cent on Biden for stupidly and selfishly deciding to run again and then not withdrawing earlier.”
Mr Biden withdrew from the race in favour of Ms Harris in July, just weeks from the November polling day, after a disastrous debate performance against Trump highlighted concerns about the 81-year-old’s health.
Democratic donors have accused Mr Biden’s inner circle of attempting to “conceal” the true nature of his health.
One Democratic donor told Reuters: “Why did Joe Biden hold on for as long as he did? He should have not concealed his (health) and dropped out a lot sooner.”
A party official said it amounted to “malpractice” by Mr Biden’s closest aides, saying they should have persuaded him to not try and seek a second term.
“No one would tell him ‘no’,” the official said. “So it’s Joe, but also Joe’s core apparatus. Stunning and well documented chickens coming home to roost.”
The party “needs a complete reboot,” hedge fund manager Bill Ackman, a longtime Democratic donor who endorsed Trump in 2024, added. “The party lied to the American people about the cognitive health and fitness of the president,” he said.
A Harris aide said her campaign had been doomed by its close association with Mr Biden’s record in office, which saw high inflation and high immigration – two key priorities for voters.
The aide argued that Harris should have done more to present herself as an agent of change, citing a remark by the Vice President on the ABC show “The View” that she could not think of anything she would have done differently from Mr Biden.
Independent Senator Bernie Sanders of Vermont, who lost the 2016 Democratic presidential primary to Hillary Clinton and the 2020 primary to Mr Biden, said in a statement it was “no great surprise” that working class voters abandoned the party.
“First, it was the white working class, and now it is Latino and black workers as well. While the Democratic leadership defends the status quo, the American people are angry and want change,” he said. “And they’re right.”
https://www.msn.com/en-gb/news/world/joe-bidens-stupidity-and-selfishness-cost-kamala-harris-election-says-major-democrat-donor/ar-AA1tFp9q#
The party “needs a complete reboot,” hedge fund manager Bill Ackman, a longtime Democratic donor
You mean like repudiating Marxism and DEI, Mr. Ackman? Or is that out of the question?
Can you only pander to the fringes this long and then do an about face?
“Whitney Tilson, a Wall Street investor and long-time Democratic donor, told the Telegraph: “Off the top of my head, here’s how I’m allocating the blame. Fifty per cent on Biden for stupidly and selfishly deciding to run again and then not withdrawing earlier.”
Whitney, I blame your father for not withdrawing earlier!
“Democratic donors have accused Mr. Biden’s inner circle of attempting to “conceal” the true nature of his health.”
These Democrat donors are idiots. Even in 2020, I was starting to notice that Biden almost NEVER went live, and if he did, they never played more than five seconds consecutively. Always a teleprompter, never a single sentence off the cusp. 90% of his footage was pre-recorded and selectively edited and jump-cut to hide his loss of articulation. The conservatives were all over Twitter, pointing out the fake TV sets to replicate the White House or Camp David, with inaccurate clocks and such. We all noticed the excessive trips to the beach house at Rehoboth, when Biden would emerge with yet another face lift.
We saw this as early as summer 2020, and we didn’t have millions of dollars in the game. Don’t blame it on Biden’s inner circle. These donors were hiding it from themselves.
IMO they ditched him because the assassination failed.
That’s very plausible. At the time, DJT wasn’t the official nominee, and he hadn’t named a VP pick yet. The RNC would have been forced to nominate Nikki Haley, who had the second most votes.
Joe would have had a decent chance against Haley. If Joe won, he could step down and make Special K the First Woman President. If Haley won, that would be ok too, because Haley would be easily controlled by the MIC. It was win-win for them. That was the plan.
And then God turned DJT’s head…
MAGA feels The View may have caused Kamala’s fall: Here’s what happened
Kamala Harris’s recent interview on ABC’s The View may have marked the downfall of her campaign. When asked if she would have handled anything differently than President Joe Biden over the past four years, she responded, “There is not a thing that comes to mind. Not a thing.” This was quickly seized upon by political opponents and replayed by Trump’s team, who used it to highlight Harris’s alignment with Biden’s policies.
The comment was made at a time when gas, groceries, and housing costs were all on the rise, and voters felt left out by the administration’s attitude toward these matters. As for the national mood, which is discontent with the economic burden and the Biden administration and foreign policy, such as the Ukraine-Russia war, assumed to have contributed to inflationary pressures, Harris failed to chime in.
While Biden faced internal criticism on topics like immigration and student debt, Harris failed to effectively reach the Democratic base, especially progressives. Her record as a prosecutor was a sticking point; policies from her time as attorney general, including her support for strict penalties and tough-on-crime stances, were viewed as disproportionately targeting communities of color. Although she positioned herself as a “progressive prosecutor,” her approach seemed out of touch with the party’s evolving views.
The Israel-Palestine issue further complicated her campaign. Harris’s support for Israel’s “right to defend itself,” though consistent with Biden’s stance, disappointed pro-Palestinian activists and added to the perception that she lacked bold, independent leadership.
Hariss’s inability to appeal to both the moderate and left-wing bases and the lack of contrasting Biden doom the the candidate’s chances in a highly polarized election in which Trump has more advantages. On the other hand, former President Donald Trump maintained a strong campaign throughout the year with Elon Musk by his side.
https://www.msn.com/en-in/news/world/maga-feels-the-view-may-have-caused-kamalas-fall-heres-what-happened/ar-AA1tC6AI
Kamala’s likely plan was ghetto decor for the White House.
The Mostly Peaceful Protests that “spontaneously erupted” in blue cities like Chicago overnight were small and subdued, almost like their corporate and globalist oligarch sponsors knew they might face actual consequences for funding the REAL insurrectionists.
https://x.com/TheBabylonBee/status/1854511083156861189
It’s the popular vote, I’m sure of it. Yeah, they’re crying on X and playing the blame game on TV, but they’re largely staying off the streets. All those red arrows on the map don’t lie. They know they were literally out-voted. Too big to rig = too risky to fund Ant!fa.
Still waiting the call for the House…
Bless you, weak hands, who gifted me your discount precious metals yesterday!
https://www.kitco.com/price/precious-metals
Kamala Harris made a historic dash for the White House. Here’s why she fell short
In a meeting with one of America’s most powerful unions in September at its Washington headquarters, Vice President Kamala Harris said she’d protect union jobs and workers’ livelihoods better than Donald Trump.
But leaders of the International Brotherhood of Teamsters, long staunchly allied with her Democratic Party, appeared unconvinced. When Harris argued that her Republican rival was no champion of the working class, the union bosses grilled her, questioning whether she and President Joe Biden had done enough for union workers, according to a Teamster leader who recounted the Sept. 16 meeting to Reuters. Within days, the union publicly embarrassed Harris by declining to endorse a Democratic presidential candidate for the first time since 1996.
In the wake of Harris’ loss of the 2024 presidential election, her tense exchange with union leaders underscores a critical failure of her campaign: connecting with working-class voters anxious about the economy and high prices.
Her entrance upended a race that her party had looked set to lose. She made history as the first woman of color at the top of a major party ticket. She triggered a surge in enthusiasm, broke fundraising records – raising $1 billion in less than three months – and drew endorsements from celebrities ranging from pop star Taylor Swift to actor and former California Governor Arnold Schwarzenegger.
But Harris’ campaign ultimately failed to overcome deep-seated voter concerns about inflation and immigration – twin issues that opinion polls showed favored Trump. Her loss underscores a profound shift in American politics over the past decade as blue-collar voters have turned increasingly Republican – a trend Trump appears to have accelerated.
Michigan’s large population of Arab Americans and Muslims helped cement Biden’s 2020 victory in the state. Trump turned off many of these voters in his first term, in part by banning immigration to the U.S. from a number of Muslim countries early in his tenure.
In the race’s final stretch, Muslim and Arab-American voters told Reuters they were disappointed Harris did not distance herself more from Biden’s unwavering support of Israel during the Gaza war. In the final weeks, Trump aggressively courted their vote. Many said they would sit out the election or vote Republican.
Harris staffers knew that disillusioned Muslim and Arab-American Democrats were a risk. “It could cost us the election,” said a senior Michigan operative for Harris in July.
The campaign ultimately concluded it was impossible to fully win back those voters. To offset their loss, campaign officials said they focused in the final weeks on marshaling enough support from union workers and Black voters in Detroit, the nation’s largest Black-majority city.
https://www.msn.com/en-us/news/politics/kamala-harris-made-a-historic-dash-for-the-white-house-here-s-why-she-fell-short/ar-AA1tCxDi
She triggered a surge in enthusiasm, broke fundraising records – raising $1 billion in less than three months – and drew endorsements from celebrities
I wonder how much of that billion wound up grifted?
As for the celebrity endorsements, how many were on Epstein’s or Diddy’s lists?
ZeroHedge has an article today, they blew through the entire billion
PLUS ended up 20 million in debt.
Trump raised like 390m and spent 345m. (and won)
so i’d say at least 2/3 of that billions was grifted/fraud away.
How Kamala Harris lost the election: The fatal flaws in a doomed election bid
When Kamala Harris appeared on ABC’s “The View” last month, it was supposed to be a friendly forum to introduce herself to Americans unfamiliar with her story. The Democratic presidential nominee instead struggled to explain what she would do differently from President Joe Biden. “Not a thing that comes to mind,” Harris, the incumbent vice president, told the hosts.
After President-elect Donald Trump’s lopsided election victory over Harris, that television moment underscored a fatal flaw of Harris’ campaign that doomed her election bid – an inability to separate herself from an unpopular president whose approval ratings have hovered around 40% for most of his four years in the White House.
David Axelrod, former longtime adviser to Barack Obama, called the exchange − which became a Trump ad − “disastrous” for Harris as he recapped the election outcome on CNN early Wednesday. “There’s no doubt about it. The question is: What motivated it?”
In poll after poll, Americans for months overwhelmingly said they believed the country was headed in the wrong direction.
But given Harris’ status as a sitting vice president, she never fit the mold of a traditional “change candidate” and she remained tethered to Biden – staying loyal to him even as Americans made clear they disapproved of his handling of inflation and migration at the southern border.
In the end, the election wasn’t a nail-biter like many expected. It was a resounding victory for Trump and a rejection of Harris and the Democratic Party as Republicans also gained control of the U.S. Senate.
Harris underperformed with voters of color − particularly Latino voters − but also Black voters in urban centers such as Philadelphia, Detroit and Milwaukee. Harris carried Black voters 86%-12% and Latino voters 53%-45%, according to CNN exit polls. But in the 2020 election, Biden won Black voters by a wider 92%-8% margin over Trump, and Latino voters 65%-32%.
“I think this calls into question a lot of the traditional identity politics,” Julián Castro, former secretary of Housing and Urban Development in the Obama administration, said on MSNBC. “This is going to rewrite I think how the parties approach Latinos and other groups.”
Meanwhile, Harris worked to limit the bleeding in heavily Republican rural counties in states like Pennsylvania, but she ultimately underperformed Biden in 2020 in these places, returning to the levels Clinton got in 2016.
“Kamala Harris lost this election when she pivoted to focus almost exclusively on attacking Donald Trump,” veteran pollster Frank Luntz said on X, formerly Twitter. “Voters already know everything there is about Trump – but they still wanted to know more about Harris’ plans for the first hour, first day, first month and first year of her administration. “It was a colossal failure for her campaign to shine the spotlight on Trump more than on Harris’ own ideas.”
Abortion ended up not being the galvanizing force it was in 2022 when Democrats exceeded expectations in the midterms. Harris’ loss marks the second time in three election cycles that Democrats have fielded a female presidential candidate in hopes of making history − only to lose to Trump both times.
https://www.msn.com/en-ca/news/politics/how-kamala-harris-lost-the-election-the-fatal-flaws-in-a-doomed-election-bid/ar-AA1tBFmu
I was thinking yesterday, President Trump beat the Bush and Clinton crime families. Now he’s beaten Obammie.
‘Don’t underestimate Joe’s ability to fook things up.’
How Kamala Harris lost the election:
Simple, she was the most inept candidate ever who tried to push even more Marxism and satanic perversion on us. She couldn’t even give her concession speech without spewing word salad.
Meanwhile, Mexico’s media is reporting that Mexico’s Marxist in Chief, President Claudia Sheinbaum, is sweating bullets after learning that fellow commie Harris lost and she will now have t deal with DJT.
Simple, she was the most inept candidate ever who tried to push even more Marxism and satanic perversion on us.
Well said. It also appears that more women buy groceries than abort their babies.
As I write this in the limbo of Election Day, I know I’m not the only person who’s gone through the past week or longer feeling off. This day has loomed on the horizon, growing as it neared, and its shadow seems directly over us at last. I have found it hard to make plans, the calendar a tiled expanse I cannot trust to hold when I come to the next square.
My ballot off, I feel just as adrift. It is strange to feel this helpless despite the platform at my disposal, to know there is no case I could make, no turn of phrase that could move someone who will not hear it. There is no way to make strangers care about the lives of other strangers once they have decided not to.
Here in our communities, survivors have seen the lawn signs and online comments of neighbors who support a sexual abuser. People of color, immigrants and the children of immigrants have heard the racism and anti-Semitism, the enthusiasm for mass deportations. LGBTQ folks whose basic right to exist has been threatened have seen trans people cynically villainized and further endangered through ads and speeches to gin up votes. And we’ve all seen how quickly having ovaries reduces the value of our lives.
https://www.northcoastjournal.com/life-outdoors/through-the-electoral-fog-31337096
And we’ve all seen how quickly having ovaries reduces the value of our lives.
Suddenly they know what a woman is.
It is strange to feel this helpless despite the platform at my disposal, to know there is no case I could make, no turn of phrase that could move someone who will not hear it.
Serious question: in November 2024, who is still paying good money to subscribe to such mindless globalist dreck?
* ” . . it’s a complete disregard to the residents of the estate that have invested large sums of money in purchasing their homes and been totally let down by false promises,’ Craig said.”
that phrase should break the internet in it’s truthfulness & simplicity
“…the enthusiasm for mass deportations.”
You’re god damn right!
“America just decided everything you stand for is a sham,” a gleeful Trump fan told me on Twitter in the aftermath of Tuesday night. “MAGA, Baby.”
I cannot argue. That is indeed what has happened.
Let’s look it dead in the eye: This is who we have become, as a people and a nation. This is who we are. We have sold our birthright for a ticket to the freak show.
It has not come as a surprise or shock. Not this time. You could see it in the polls. You could see in their campaign and TV ads that the Trump camp had a very specific theory about the American electorate, about how it could be manipulated and energized. They executed on that theory, and they proved it correct.
Immigration played a major role as well, and for that Democrats have largely themselves to blame. They did not take the matter seriously enough, early enough, as politics or as policy, and the voters punished them for it.
https://georgiarecorder.com/2024/11/07/bookman-we-knew-trump-was-a-snake-when-we-took-him-in/
‘They did not take the matter seriously enough, early enough’
They literally had border patrol helping illegals through the wall.
They dare call us a freak show? I have two words: Sam Brinton
That lipstick wearing, bald headed, drag queen!
They literally had border patrol helping illegals through the wall.
They call us raycis for not wanting to throw the border wide open.
And the invaders need to be sent home ASAP. And not just the violent ones, though they are a good start.
All public assistance for invaders needs to end immediately, the only offer a free ticket home. Sheinbaum is worried sick that millions of invaders, most who are not Mexican, will be dumped in Mexico and she will have to deal with them.
Pinochet used C-130s to feed the sharks.
WHAT IS THE DAILY BS? FOR almost 30 years I was part of the most successful program in American media history – the Rush Limbaugh Program.
https://thedailybs.com/2024/11/07/trumps-legal-problems-evaporate-as-americans-send-him-back-to-the-white-house
Geoff Bennett: And, Faiz, among Democrats, the recriminations have already started, that Biden dropped out too late, costing Harris precious time to establish herself and define herself, that she didn’t distance herself enough from Joe Biden. Are those legitimate critiques or is there something more fundamental here about the way the Democratic Party is perceived?
Faiz Shakir, Democratic Strategist: Yes, the Democratic Party brands, in terms of speaking to working-class people, is suffering. And there needs to be a serious repair and reconstruction of that brand. When you think of how much the working class left the Democratic Party last night, it suggests to you that the contrast on an economic message was not clear to them. We got to learn from it. And I hope that this occurs, Geoff, that there should be an autopsy or self-examination of the Democratic Party.
https://www.pbs.org/newshour/show/gop-democratic-strategists-on-what-the-results-mean-for-their-parties-and-the-government
“The general manager of an automotive repair facility bought a home last year thinking he would be able to refinance quickly once the Fed began to cut, to achieve some crucial financial wiggle room.”
Looks like someone ate up the “date the rate” nonsense. And what’s this dude doing buying a 700k house?
“he and his wife are ‘financially strangling’ themselves to pay $5,400 on their home every month”
At least it was cheaper than renting.
Looks like someone ate up the “date the rate” nonsense.
I remind all prospective buyers I meet that rates are currently at the historic average and won’t be going back down. I also tell them to be patient and wait for prices to drop significantly
Democrats Again Examine Their Fate After Second Loss to Trump
Donald Trump is set to return to the White House in a political comeback for the ages. That reality, following the defeat of Vice President Kamala Harris, is forcing the Democratic Party — and its progressive and moderate wings — to once again reassess its future.
“The sell-by date on the current Democratic strategic thinking has passed,” said Jeff Hauser, a former antitrust attorney and political operative who founded the nonprofit Revolving Door Project.
Harris’ loss will lead to a search for a new standard-bearer for the party going forward, as the last of the Democrats’ Baby Boomer generation departs the stage.
At first, the Democrats’ decision to quickly coalesce around Harris’ candidacy appeared to work. Her campaign raised more than $1 billion, faster than any in history, and trained it on a foe virtually all American voters knew.
The party’s argument was existential: In Trump, Democrats claimed, the country faced not just bad character and bad policies, but a threat to the representative democracy itself.
Then he beat them anyway.
https://www.msn.com/en-us/news/politics/democrats-again-examine-their-fate-after-second-loss-to-trump/ar-AA1tCVVf
a threat to the representative democracy itself.
America passed its IQ test.
Record voter gains among Latinos for Trump mainly boiled down to their top issue — the economy
Vice President Kamala Harris won a slim majority of votes cast by Latinos, but Trump bested a high set by George W. Bush.
Latino voters took a big right turn in an election dominated by voter outrage over the high cost of food and housing, helping Donald Trump secure a second term in the White House.
Vice President Kamala Harris finished with a slim majority of support from Hispanic voters, at 53%, while Trump vacuumed up about 45% of the vote, a 13-point increase from 2020 and a record high for a Republican presidential nominee, according to NBC News exit polls.
Trump’s Hispanic vote percentage beat the previous record, set by George W. Bush’s in 2004, when Bush won as much as 44% of the Hispanic vote. But in 2012, the vote swung heavily left, with 71% of Hispanics voting for President Barack Obama, followed by lower but still significant support for Hilary Clinton in 2016, at about 66%, and then joe Biden in 2020, at 65%.
Harris underperformed Biden with Hispanic voters in every battleground state, with the exception of Wisconsin, according to NBC News exit polls. Her worst showings were in Michigan, where her 35% share dropped from Biden’s 59%, and in Pennsylvania, where her share of 57% was well below Biden’s 78%. She also underperformed Biden in Texas and Florida by double digits.
Pennsylvania voter Regino Cruz, 25, said Tuesday that he voted for Trump, believing the former president could improve the economy.
“For me, it’s work. It’s the economy. It’s groceries,” said Cruz, who’s of Puerto Rican descent and was waiting to vote at the John B. Stetson Middle School in Northern Philadelphia.
Cruz said he wasn’t fazed by recent comments a comedian made at a Trump rally calling Puerto Rico a “floating island of garbage, and added he didn’t trust that Harris “can fix the economy.”
Trump’s gains among Latino voters included historic wins in places such as Starr County, Texas — a border county that had voted Democratic for 100 years – and in Miami-Dade, Florida, which went red for the first time in more than 30 years.
Trump’s showing also boosted outcomes for Latino Republicans. Sen. Ted Cruz of Texas won Latino voters by 6 points, compared with 2018 when he lost Hispanic voters by 29 points, according to NBC News exit polls.
In the battleground state of Pennsylvania, 4 in 10 Latino voters supported Trump, up from 3 in 10 in 2020.
“Latinos were telling us that the direction of the country was horrible. The numbers were there,” said Florida International University political scientist Eduardo Gamarra. “The approval for the president was also down in the dumps. The approval for Harris was higher, but there was still an overwhelming sense that the country was going in the wrong direction. And the economy was the No. 1 issue, by far.”
Gamarra said the U.S. has the best economy in the world based on figures, “but what we don’t realize is that people don’t consume those figures. People go to the supermarket. They go to the gas pump. They’re trying to buy a home. And if any group has been affected by the economy, it has been Hispanics.”
https://www.nbcnews.com/news/latino/trump-economy-latino-vote-2024-election-rcna178951
“Trump’s showing also boosted outcomes for Latino Republicans. Sen. Ted Cruz of Texas won Latino voters by 6 points, compared with 2018 when he lost Hispanic voters by 29 points”
Where’s Beto? Anybody heard from him lately?
Another clown that we were told was presidential material. And skreech was going to turn Texas blue in 2015. It was complete fantasy, even the Rio Grande Valley is starting to vote Republican. Ten or fifteen years ago people would never have believed it.
Organizers helping immigrants in Mass. react to Trump’s victory
Following Donald Trump’s victory in the 2024 presidential election on Tuesday night, advocates for the immigrant community worry that Trump’s tone on the campaign trail will negatively impact their work.
“It could be ESL classes, or it could be safety in your workplace,” said Gladys Vega, executive director at La Colaborativa, an organization based in Chelsea, Massachusetts, which offers immigrants job training, housing placement and help for 300 families a day.
Meanwhile, organizers who help the immigrant community said their services are vital and that they will continue their work. “For a city like Chelsea, we’re devastated,” said Vega.
https://www.msn.com/en-us/news/politics/organizers-helping-immigrants-in-mass-react-to-trumps-victory/ar-AA1tEbeK
Those illegals sank yer ship Gladys.
More Texans registered to vote in the 2024 November elections than ever before, but turnout lagged behind the most recent presidential race, especially in the state’s most populous urban counties that Democrats hoped to dominate by centering issues such as abortion and the state of democracy.
A record 18.6 million Texans were registered to vote in the election, according to state data. About 11.3 million people, or 61% of registered voters, cast ballots in the general election, according to preliminary, unofficial data.
While the raw number of Texans who voted this year rivals 2020’s total, it marks a nearly 6 percentage-point drop in turnout compared to four years ago.
This year’s turnout drops were most dramatic in Texas’ big blue counties including Harris, Bexar and Dallas, where Democrats on the ballot — including Vice President Kamala Harris and U.S. House Rep. Colin Allred — expected to win comfortably. Harris underperformed in those counties, surpassing Trump in Harris County by a modest 5 points, a steep drop from 2020, when President Joe Biden outperformed Trump by 13 points. Allred fared slightly better, but not well enough to stave off the higher Republican turnout in fast-growing red counties including Montgomery and Collin.
Voter laws in Texas are among the most restrictive in the country. The state’s voter ID requirements are stricter than other states that only require a signature to vote. And Texas only allows mail-in votes for a small subset of voters, unlike other states that allow universal mail-in ballots.
https://news.yahoo.com/news/texas-voter-turnout-falls-2024-224428907.html
Maybe the tell was when the mayor of Philadelphia didn’t say Kamala Harris’s name. Cherelle Parker looked out at her fellow Democrats inside a private club just northeast of Center City last night. Onstage, she beamed with pride about how, despite Donald Trump’s fraudulent claims on social media, Election Day had unfolded freely and fairly across her city. But Parker did not—could not—telegraph victory for her party. “You’ve heard us say from the very beginning that we knew that the path to the White House had to come through our keystone state. And to get through the keystone state, you had to contend with our city of Philadelphia. And I want to thank each and every Philadelphian who participated in democracy in action,” she said. Her remarks were bland, vague, safe. Soon, the mayor slipped out of the venue.
Anxious Philadelphians sipped $5 bottles of Yuengling from the cash bar. But no single word or phrase could encompass the swirl of emotion: anticipation, dread, denial, despair. Across two floors of what might technically be considered “partying,” attendees peered up at projection screens that showed MSNBC’s Steve Kornacki pacing and pointing. His big map was glowing red. The revelers were blue.
Early on, many partygoers were still clinging to fleeting moments of zen. Around 9 p.m., after Rachel Maddow declared Michigan “too early to call,” the venue erupted in earnest applause. The hooting grew even louder when, shortly thereafter, Maddow announced that Pennsylvania, the place that most of these voters called home, was also in toss-up territory. But by 9:30, when Kornacki showed Trump comfortably up in Waukesha County, Wisconsin, enough people could grasp that the “Blue Wall” of Michigan, Wisconsin, and Pennsylvania—which Harris had been counting on to win the White House—was now crumbling, brick by brick, county by county.
I saw genuine fear in people’s eyes when, just after 9:50, zooming in on the Pennsylvania map, Kornacki mentioned Trump and Lackawanna County. A union leader named Sam Williamson told me about all the door-knocking he’d done. He had been “really confident” Harris would win Pennsylvania. But by 10:30 or so, even the formerly blue Centre County, where Penn State University is located, had flipped red. Was this actually happening? Hardly anyone even murmured when Kornacki spoke of Harris’s success right there in Philadelphia. People were pissed. Demoralized. Many began to filter out. Democrats had spent this twisty, complex presidential campaign with a narrow path to victory, and now that path was narrowing to a close.
I also spoke with two people who might be considered interlopers. One was a 27-year-old Swede named Gabriel Gunnarsson, who had flown to Philadelphia from his home in Stockholm just to witness the U.S. election with his own eyes. As he nursed a beer, he told me that everyone he knew in Sweden had been following our election particularly closely this year. “I’m feeling bad,” he told me. “I’m sort of dystopic about the future, I think, and just seeing this, it’s a horrible result for the world.” I asked him if he recalled one of Trump’s more vile comments from his first term in office: He’d said that America was bringing in people only from “shithole countries,” and he’d lamented that we don’t have more immigrants from places like Norway. Gunnarsson laughed and shook his head. “He did this when he was president as well: He just randomly said, ‘Look at what’s happening in Sweden!’” Gunnarsson recalled. “And we were all like, ‘What did happen?’”
https://www.msn.com/en-us/news/politics/watching-the-blue-wall-crumble/ar-AA1tDysF
As he nursed a beer, he told me that everyone he knew in Sweden had been following our election particularly closely this year. “I’m feeling bad,” he told me. “I’m sort of dystopic about the future, I think, and just seeing this, it’s a horrible result for the world.”
Says the Swedish cuck whose globalist quisling government is destroying the country through mass 3rd World immigration.
+1
Says the Swedish cuck whose globalist quisling government is destroying the country through mass 3rd World immigration.
I seem to recall reading that Swedish women no longer feel safe going out alone after dark. To me that sounds like a dystopia, but what do I know?
Oakland Mayor, Alameda County DA recall organizers happy with early results
Recall organizers for Oakland Mayor Sheng Thao and Alameda County District Attorney Pamela Price are looking toward the future as early results show East Bay voters are poised to oust both.
According to the Associated Press, the “Yes” votes were leading 65% to 35% in the recall of Thao, with 36% reporting.
The organizers behind Thao’s recall blame the mayor for Oakland’s crome pokes and putting the city in financial jeopardy.
Seneca Scott of the OUST recall organization said the group is happy with the results and is focused on who will take her spot.
“We have very serious challenges, and those challenges do not go away with the recall of the mayor,” Scott said. “Now, with our interim mayor, there is also a problem. Nikki Bas has rubber-stamped everything that Mayor Thao has done, so we need to make sure we are staying on top of her.”
Similarly, the latest AP figures showed that the “Yes” votes were leading 65% to 35% in the recall of Price, with 39% reporting.
https://www.msn.com/en-us/news/politics/oakland-mayor-alameda-county-da-recall-organizers-happy-with-early-results/ar-AA1tDPoP
This story will be fun to watch. Ookland isn’t necessarily making an improvement here and their problems are only getting worse by the day. On a positive note, two of the worst Soros DAs have been sent packing and it looks like that nasty racist London Breed will be packing her bags too. The pendulum is finally swinging back the other way. There will be no easy way out of the doom loop for Ookland or SF tho. Sad!
There’s lots of positives happening. We’ve seen cities go down and up before. Remember NYC in the 70’s?
“Remember NYC in the 70’s?”
Charles Bronson set the tone, IIRC.
I went looking for my old button showing the front page of the NY Post with the headline “NYC Can Drop Dead” (couldn’t find it.)
I have personal stories about the subway (late 70s – early 80s), also everyday encounters with bat$hit crazy people. At one time I thought if I wrote down all the ones I heard about those years, it could have been a decent book (an article, at least 🙂 “Death Wish” was cathartic for us at the time. However, I was disappointed with Jeff Goldblum’s behavior.
The three-bedroom unit on the 59th floor of the 66-story Bloomingdale’s building, at 900 North Michigan Avenue, sold for about $378 per square foot, a sharp decline from the $596 per square foot it fetched in 1989 — a value equivalent to $1,500 when adjusted for inflation.
But…but…muh generational wealth!
CNBC:
“Nearly half, 45%, of voters say they are financially worse off now than they were four years ago, and the highest rate since 2008, according to NBC Exit Poll data.
Yet economic metrics show the economy is booming. Inflation, while it’s still a burden for consumers, has slowed down significantly. While some warning signs have popped up in the job market, to some degree conditions are normalizing from the red-hot market of a few years ago.
“The economy is so extraordinarily personal, and people really hate inflation,” said Scanlon. “That’s what we saw in this presidential election.”
https://www.cnbc.com/2024/11/07/is-the-vibecession-here-to-stay-heres-what-experts-say.html
Paul Krugman could not be reached for comment.
How much of the other half is only feeling okay about their financial situation because they feel they have tons of equity in their home or a 401k that’s been going to the moon? What would happen if prices went down? But never mind, that will never happen.
and people really hate inflation
They’re just figuring that out now?
Newsom is wrong face of the coming anti-Trump movement in America. Stick to governing | Opinion
Gavin Newsom cannot lead the resistance to Donald Trump’s second presidency from Marin County, California. Newsom should resist his attention-seeking tendencies because appointing himself as the leader of liberal resistance to Trump would not be good for him or our state.
The current Governor of California is a rare Democrat whose political prospects improved after Trump’s thrashing of Kamala Harris in a presidential election result that defied mainstream predictions. Newsom and California could well wind up opposing Trump on a variety of issues. But there is a difference between a governor defending his state and one seeking attention-grabbing conflict for self-serving political purposes.
Democrats right now are akin to America’s big blue void. Led by an octogenarian president who never should have run for a second term, it was left to Harris to quickly muster a candidacy in which she clearly did not connect with sufficient voters throughout the country.
However, the reasons a majority of voters in the nation embraced Donald Trump are also the same reasons that Newsom is not the right face, or voice, of an anti-Trump movement.
Americans are fed up with soaring prices that coincided with the Biden presidency. Border state residents in particular are tired of waves of uncontrolled immigration.
Newsom isn’t an effective counter-punch to the prevailing American sentiment for so many reasons. As much as we Californians admire ourselves and our state, the feeling isn’t universally mutual. California is the epicenter of unaffordability in housing, electricity, or gasoline. And while some red states like Florida and Texas have turned the corner on homelessness (they’re building proportionately more housing than we are), California’s unhoused problem ranks among the highest in the nation.
Donald Trump would probably love for Gavin Newsom to be his top heckler from the left.
California will never lose its voice in this nation’s political discourse. It’s a matter of how to use that voice. Newsom’s best counter to Trump is to hunker down and make progress on our challenges. Real governing doesn’t happen on camera.
https://www.msn.com/en-us/news/politics/newsom-is-wrong-face-of-the-coming-anti-trump-movement-in-america-stick-to-governing-opinion/ar-AA1tDliF
a governor defending his state
Since when has Newsome ever defended California or its residents? All he ever does is tax and regulate them into oblivion, so much so that the former golden state is actually experiencing a net loss of residents and businesses. IIRC, when HP, Oracle and others said goodbye, he said good riddance.
“‘Everyone in this business that deals with federal government real estate is terrified,’ one federal leasing broker who declined to be identified due to the nature of their work told Bisnow.
Good. Time to cut this bloated parasitic monstrosity down to size and let all those Democrat drones find real jobs in the real economy.
The kicker: they aren’t using the offices they are renting. They are empty.
they aren’t using the offices they are renting. They are empty.
They may not even know all the offices they are paying for.
I worked for a company a while ago and we ended up questioning a few expenses when we couldn’t figure out what they were. of the expenses were legit but 2 were were basically empty offices with a building wide shared receptionist. We were a big Financial institution but tiny compared to the Fed. Govt.
With progressive ballot measures on track to fail, California’s political identity is questioned
There was no surprise on election night when a solid majority of California voters selected Democratic presidential nominee Kamala Harris over former President Trump. But the outcomes of a list of ballot measures told a more complicated story of a state known for its liberal bent.
Voters overwhelmingly supported a measure to undo a decade of progressive criminal justice reform, and preliminary poll results showed they were poised to reject measures that would increase the minimum wage and ban forced prison labor.
Proposition 6 — which would ban “involuntary servitude” as punishment for a crime — lacked majority support in deep-blue California on Wednesday even as supporters promoted it as a way to end what they call modern-day slavery. A similar measure was on track to pass in Nevada.
California voters also rejected a measure that would have made it easier for cities to impose rent control and pass local bond measures for affordable housing.
Some progressive voters in the state, where Democrats control the governor’s office and Legislature, were dumbfounded by the early results, while Republicans seized on the moment as proof that California is becoming more conservative.
“It’s a new day in California,” Assembly Republican leader James Gallagher of Yuba City said in a social media post about the election results. “The shift is beginning.”
Proposition 6 proponents chalked up its likely failure not to voters’ support for “slavery” but to growing concerns about public safety and how those worries could impact any policy measure related to prison reform. In addition to approving Proposition 36, which cracks down on criminal sentencing for theft and fentanyl crimes, voters also ousted progressive-leaning prosecutors in L.A. County and the Bay Area.
Antonio Villaraigosa, the former Los Angeles mayor who is running for governor in 2026 and is expected to position himself as a moderate among a crowded field of Democrats, was reluctant to speculate about what ballot measure results mean before all of them are called. But he said he believes voters want a “course correction” on issues like crime and the economy.
As the Democratic Party nationally grapples with a potential Republican trifecta — winning control of the White House, the Senate and the House of Representatives — and what it means for its movement and the future of the nation, California politicians also need to take a pulse check, he said.
“Are we really listening to people or are we spending all of our time telling them what they ought to do?” Villaraigosa said.
https://www.msn.com/en-us/news/other/with-progressive-ballot-measures-on-track-to-fail-california-s-political-identity-is-questioned/ar-AA1tFQNx
Proposition 6 — which would ban “involuntary servitude” as punishment for a crime — lacked majority support in deep-blue California on Wednesday even as supporters promoted it as a way to end what they call modern-day slavery. A similar measure was on track to pass in Nevada.
Slavery is NOT on Your Ballot — Vote NO on Prop 6! (13m36s)
tl;dw: Prop 6 is pro criminal rights.
Swim In These Salty Liberal Tears As Leftists Melt Down Over Trump Triumph.
https://x.com/MediaRival/status/1854236345243185340
2:19.
I’ve only stumbled on this little gem so far…
https://x.com/TheMrStephens/status/1854059073190203571
12 seconds.
Dang, he’s morbidly obese. Will he still be around in 2028?
ahhh boogie 2988…..wow,
🍿🍿🍿
https://x.com/libsoftiktok/status/1854218928723226967
12 seconds.
Goodbye I love you all
https://x.com/WaterDean/status/1854123381886521587
1:35.
He’s the dumbf@ck.
I get the feeling South Florida Bob is going to check out.
Now that’s what I call a meltdown
https://x.com/iFightForKids/status/1854153910769819826
1:38.
LIBERAL MELTDOWN/CRYBABY THREAD
https://x.com/shellshockkk/status/1854119489782075450
11 seconds.
Mass psychosis yet again.
Cry it out if you must, libtards, but Trump is still your president.
https://x.com/drefanzor/status/1854232438102249740
Is this the rate daters’ last chance to buy, before rates go higher!?
REAL ESTATE
Lock in a mortgage rate after the Fed cuts? This might be your last chance
Portrait of Andrea RiquierAndrea Riquier
USA TODAY
Two people holding hands while standing in the living room of a new house and talking with a realtor.
One day after Donald Trump’s election victory, investors sent bond yields sharply higher. The “Trump trade” is likely to keep rates for home loans rising, no matter what the Federal Reserve does on Thursday when it announces whether it will cut a key interest rate, experts say.
That means that anyone looking to buy a home or lock in a lower refinance rate will have to seize any chance they get over the next few weeks before rates head higher for what could be a while.
…
https://www.usatoday.com/story/money/personalfinance/real-estate/2024/11/06/mortgage-rate-lock-fed-rate-cut/76089940007/
The child mutilators are going to be soiling themselves.
https://x.com/ClownWorld_/status/1854465322058936517
We have a winner, folks. This is my favorite one so far.
https://x.com/MattWalshBlog/status/1854195387755561372
15 seconds.
I’m assuming this unhinged creature, gender indeterminant, currently occupies some high FedGov office, after previously setting the standard for liberal meltdowns when Trump trounced Crooked Hillary.
https://x.com/MasonL0unge/status/1854234262985183271
Liberal predicts 8 year Kamala term then cries about the results
https://x.com/shellshockkk/status/1854140529711226964
1:28.
Living off the state as an astrologer. Get a job!
“At some point every straight man has to choose between making fun of astrology or getting laid.” —Unknown
Australia’s Sky News is my go-to network for the latest compilations of libtard meltdowns. Always comedy gold.
https://www.youtube.com/watch?v=DtBmUb-YR7M
Will the DNC’s globalist oligarch moneybags pay the campaign debts of their flopped candidate Kamala?
https://www.breitbart.com/2024-election/2024/11/06/kamala-harris-campaign-fell-20-million-debt-final-week/
Pearl-clutching celebrity libtards getting wrecked on X.
https://x.com/BigFish3000/status/1854353489368945078
LOL
Kamala donors are calling for an audit of her campaign which now owes $20 million. If there’s anything more glorious than watching Kamala’s electoral wipeout, it’s knowing that her donors – the most vile people on the planet – are out a ton of money. This is the fun part where the knives are coming out among these sore losers.
https://x.com/mboyle1/status/1854357003688141142?
As I mentioned above, I’ll bet a lot of that money was grifted. Those who dipped their snout into the trough are now worried. Had they won, no one would care where the money went, but they lost, even though a record 1 billion was “spent”.
are out a ton of money. This is the fun part where the knives are coming out among these sore losers.
Gonna be some unhappy campers who thought they bought their way into power and influence. Oh well, easy come easy go.
Billions wiped off wind farm developers over fears Trump will scrap subsidies
Wind farm developers have seen billions wiped off their stock market values after Donald Trump won the US election.
Shares in listed wind and solar companies plummeted on Wednesday amid what one industry analyst called a “worst-case scenario” for the sector.
Mr Trump criticised wind power on the campaign trail, calling it “bulls—” and claiming turbines drive whales “crazy”.
“They’re rusting and rotting. Half of them weren’t spinning and the ones that were, were going so slow … It’s not too windy, but you know, they’re going, like, slow. The other ones were just dead.”
Trump has vowed to stop offshore turbines “on day one” of a second term. “It’s horrible … It’s just too expensive, it doesn’t work,” he said at a rally last month.
There are also fears that Trump may scrap the renewable energy subsidies contained in President Biden’s Inflation Reduction Act, though experts say this would be difficult.
The share price of Denmark-based Ørsted, a major wind developer with several US projects, dropped on the Copenhagen Stock Exchange by more than 11pc on Wednesday. The company is worth more than €178bn (£148bn), meaning more than €17bn will be wiped off its value if the share price slump sustains until the end of the day.
Similarly, the share price of turbine manufacturer Vestas, also Danish and worth €137bn, plummeted by 10pc. Fellow turbine manufacturer Nordex’s shares took a 6.5pc dive, while US solar companies such as First Solar, NextEra Energy and SunPower Corp also dropped sharply.
Jacob Pedersen, an analyst at Denmark’s Sydbank, told industry news website Recharge: “A worst-case scenario is unfolding in a political sense.”
https://www.msn.com/en-us/money/markets/billions-wiped-off-wind-farm-developers-over-fears-trump-will-scrap-subsidies/ar-AA1tCqC6
As it loses ground to Russia, Ukraine greets Trump win with public praise and private worry
Among the first world leaders to publicly react to Donald Trump’s latest electoral victory was Ukraine’s President Volodymyr Zelenskyy, who praised his win on X and applauded what he described as Trump’s commitment to achieving “peace through strength.”
But privately, Ukrainian officials are almost certainly expressing deep concern about what a Trump presidency could mean for the country’s fight against Russian forces, who are quickly seizing hundreds of square kilometres in Ukraine’s southeast, as they advance at their fastest rate in more than a year.
“To be blunt, the Ukrainians are in a very difficult position,” said Michael Cox, an emeritus professor of international relations at the London School of Economics, in an interview with CBC News. “One must imagine that the Ukraine government, Zelenskyy and others are going to come under greater pressure to come to some kind of compromise … a deal with Russia that will not be on terms entirely favourable to Ukraine.”
https://www.msn.com/en-ca/news/other/as-it-loses-ground-to-russia-ukraine-greets-trump-win-with-public-praise-and-private-worry/ar-AA1tCUKA
German Chancellor Olaf Scholz fires his finance minister in a blow to the ruling coalition
Germany’s center-left Chancellor Olaf Scholz announced Wednesday he was firing Finance Minister Christian Lindner, signaling the collapse of the ruling three-party coalition that relied on Lindner’s pro-business party.
Scholz announced the move at a news conference following weeks of disputes among the coalition partners over ways to boost the country’s ailing economy. He said he would seek a vote of confidence in January that he said might lead to early elections that otherwise would be due next September.
“I feel compelled to take this step to prevent damage to our country. We need an effective government that has the strength to make the necessary decisions for our country,” Scholz said.
Lindner, from the pro-business Free Democrats, had rejected tax increases or changes to Germany’s strict self-imposed limits on running up debt. Scholz’s Social Democrats and the environmental Greens, who are also part of the coalition, wanted to see massive state investment and rejected the Free Democrats’ proposals to cut welfare programs.
Lindner responded to his dismissal by accusing Scholz of failing “to recognize the need for a new economic awakening in our country. He has played down the economic concerns of the citizens.”
He said the chancellor’s proposals to reenergize the economy were “dull, unambitious and make no contribution to overcoming the fundamental weakness of our country’s growth.”
Scholz said about Lindner that “he has broken my trust too often. He even unilaterally canceled the agreement on the budget. After we had already agreed on it in long negotiations. There is no basis of trust for further cooperation. Serious government work is not possible like this.”
He accused Lindner of publicly calling for a fundamentally different economic policy, including what Scholz said would be tax cuts worth billions for a few top earners while at the same time cutting pensions for all pensioners. “That is not decent,” Scholz said.
Scholz said he would seek the vote of confidence in Germany’s Bundestag, or parliament, on Jan. 15, which would “allow the members of the Bundestag to decide whether to clear the way for early elections.” The election could then “take place by the end of March at the latest, in compliance with the deadlines set out in constitution,” he said.
https://www.theglobeandmail.com/world/article-german-chancellor-olaf-scholz-fires-his-finance-minister-in-a-blow-to/
Germany’s center-left Chancellor Olaf Scholz
Here in the land of the free we call those people Marxists.
Donald Trump’s election victory is a nightmare scenario for European, especially German, industry
European leaders rushed to congratulate Donald Trump’s election victory even before his second term in the White House was officially confirmed. The charm offensives, which ranged from praising the “strategic bonds” between America and Europe to applauding “the biggest comeback in U.S. political history,” barely hid the anxiety, perhaps outright fear, that the Trump White House could be utterly miserable for some countries on the far side of the pond. And doubly so if a Trump administration is braced by both Republican control of the Senate and the House of Representatives, which looks likely.
The term “game-changer” is tediously overused. In this case, it is apt.
Mr. Trump has vowed to hit the European Union with blanket tariffs up to 20 per cent on EU imports, perhaps more if he wakes up in a bad mood (he has mused about slapping tariffs of 200 per cent on imports of Mexican-made cars). He has threatened to stop aid to Ukraine and withdraw support for NATO unless all of its members, Canada included, stop using the United States as a military crutch and ramp up their defence spending. He is a climate skeptic whose “drill, baby, drill” fossil-fuels strategy could take momentum out of the EU’s relatively robust carbon-reduction agenda. He could pay scant attention to, or outright disdain for, G7 and G20 summits and other international events, as he did in his first presidency.
It is the tariffs that could do the most damage to the 27 EU countries, especially Germany. They could easily push Germany and other big exporters into recession, stoke inflation, piling pressure on consumers who can use votes as a weapon, prevent interest rates from falling and hurt the euro, reducing relative buying power. The postelection surge in the U.S. dollar, the spike in yields on U.S. Treasury bond and the 2-per-cent fall in the euro said as much.
The EU countries are generally small, open economies who take free, or mostly free, trade for granted, and have done so for decades as borders and many trade barriers vanished. America is the leading destination for their wealth-creating exports, ranging from cars and chemicals to pharmaceuticals and passenger planes. Tariffs imposed by the Trump administration could wreck this economic Elysium virtually overnight.
Germany, the economic engine of Europe and the world’s fourth-largest manufacturer, is particularly exposed. Even before the U.S. election, Germany was almost certainly in recession, with economists predicting a back-to-back yearly downturn, though a mild one so far. The country’s energy costs have been crushingly high since Russia invaded Ukraine in February, 2022, and eliminated almost all natural gas exports to Europe. Imports of more expensive American liquefied natural gas (LNG) have kept most of the industrial lights on in Germany.
At the same time, Germany’s leading industry – autos – is in crisis. For all of the industry’s might, talent and global brand value, the top German car makers’ hubris managed to hand the electric-vehicle revolution to China, which produces better and far cheaper EVs than Volkswagen, BMW and Mercedes (China’s BYD has displaced Tesla as the world’s top EV maker). The German automakers are in retrenchment mode and VW announced last week that it will kill off three factories in Germany, fire thousands of workers and cut the pay of the survivors by 10 per cent.
Imagine what extra damage 20-per-cent tariffs on German cars could inflict? Americans last year bought almost US$37-billion of cars from Germany, making the United States the leading export market for the German auto industry. Double-digit tariffs could cripple those exports, and the only defence may be to shut more plants and endure the horrendous expense of building replacement ones in America. “I want German car companies to become American car companies,” Mr. Trump said at a pre-election rally in Michigan. “I want them to build their plants here.”
European cars will not be the only victims. Germany last year reported a record trade surplus – the value of exports minus imports – of more than €63-billion with the United States last year. That surplus acts as a red flag to Mr. Trump. German Chancellor Olaf Scholz is in a probable panic today. His three-party coalition, nearly torn apart by infighting, was in trouble even before Mr. Trump’s victory. Today, his effort to plug an expected 2025 budget shortfall of about €8-billion and invent a strategy to end the economy’s prolonged downturn is even more fraught. He and his Social Democrats face defeat in the September, 2025, election.
https://www.theglobeandmail.com/business/commentary/article-donald-trumps-election-victory-is-a-nightmare-scenario-for-european/
Canada, prepare for the big squeeze. A new Trump administration is likely to press this country on sensitive fronts: trade, migration and military spending.
The reverberations of Donald Trump’s election win will ripple internationally with his plan for sweeping tariffs, mass deportation of migrants and intense pressure on countries to spend more on their own defence.
The animating principle of Trump’s political career is that the U.S. must get tough with allies who have grown too reliant on it, economically and militarily.
And few are as reliant as Canada, as illustrated in a Washington think-tank report that said the northern neighbour risks being among the countries hardest hit by Trump’s plan for a minimum 10 per cent global tariff.
The still-undefined details of his plan have provoked a gamut of estimates about the potential damage to Canada’s economy, ranging from less than a half per cent of GDP to an eye-watering five per cent.
Trump has made clear his intention to impose a minimum 10 per cent fee on all imported products, memorably calling “tariff” the “most beautiful word in the dictionary.”
Immigration is another question mark for Canada. Trump has promised the mass deportation of millions who entered the U.S. illegally. The fear of deportation could produce a surge of asylum claimants seeking refuge at the Canadian border, one analyst said.
Such a phenomenon could exacerbate tensions within Canada. Ottawa has already been under pressure from the provinces to curb immigration levels.
Just last month, the Trudeau government announced cuts to immigration to relieve pressure on the housing market. Trump noticed this, posting on social media: “Even Justin Trudeau wants to close Canada’s borders.”
https://www.msn.com/en-ca/news/canada/canada-prepare-for-the-big-squeeze-trump-will-press-on-several-sensitive-fronts/ar-AA1tCg7y
Seeing a mass exodus of libtards to Canada would sweeten my happiness over Trump’s victory even more. I can hear Fidelito warning Canadian taxpayers: “They’re not sending their best.”
https://www.cp24.com/news/canada/2024/11/06/how-to-move-to-canada-surges-on-google-as-us-wakes-up-to-trump-win/
said the northern neighbour risks being among the countries hardest hit by Trump’s plan for a minimum 10 per cent global tariff
I am curious, don’t we have a free trade agreement with Canada? Or does it have an expiration date coming up soon?
Sheinbaum Urges Calm, Meets Fink as Peso Reverses Losses
Mexicans should remain calm in the wake of Donald Trump’s decisive election win, the president of the US’s largest trading partner and southern neighbor said, sounding a note of pragmatism as local markets rebounded from their initial shock.
“Mexico is a free, independent and sovereign country and we’re going to have a good relationship with the US,” President Claudia Sheinbaum said during her daily news conference. “I’m sure of that.” She waited until after Kamala Harris’s concession speech later in the day to congratulate the president-elect, becoming the last major Latin American leader to do so.
In a show of Mexican economic might, Sheinbaum posted photos on social media Wednesday of her meeting at the National Palace with Larry Fink, chief executive officer of BlackRock Inc., and with Adebayo Ogunlesi, head of Global Infrastructure Partners, the private equity firm BlackRock acquired this year. They discussed the economy and free trade in the region, she said.
Her confident air was a contrast to a nerve-rattling morning in the markets, where investors were weighing how to price in Trump’s campaign pledges to impose tariffs on imports from Mexico and a promise to send millions of migrants back over the border. Some four-fifths of Mexico’s exports go to the US, earning it more than $475 billion last year alone.
Investors are waiting to see whether Republicans retain control of the US House of Representatives after winning back the Senate, said Francisco Campos-Ortiz, an economist at Deutsche Bank in New York. A so-called Red Sweep would give Trump the support he needs to push his policies forward.
“That can be to the detriment of Mexico and the rest of the world when it comes to migration and trade policy,” Campos Ortiz said.
https://www.msn.com/en-us/news/world/sheinbaum-urges-calm-meets-fink-as-peso-reverses-losses/ar-AA1tCLSA
Her confident air was a contrast to a nerve-rattling morning in the markets
I have watched speak. Unlike Cameltoe, Sheinbaum is very articulate. And unlike her predecessor, AMLO, she has a PhD in physics from Berkely and speaks flawless English.
But let there be no doubt, she and the rest of the Mexican elite were banking on a Dem victory, counting on Harris showering Mexico with lots of investment and sweet trade deals, and having the border remain wide open. Now the investment might be curtailed and millions of invaders, many who are not Mexican, could be dumped back in the land of the eagle and the serpent, with DJT telling her “they’re your problem now”
Donald Trump Has Tools to Fire Powerful Financial Regulator in Term Two
Rohit Chopra’s crackdowns on illegal car repossessions, home foreclosures and bank overdraft fees made him a hero to consumer groups and a foe of lenders.
But his future as head of the Consumer Financial Protection Bureau is jeopardized now that Republican Donald Trump is returning to the White House. In his second term, the president-elect will have the power to fire Chopra, if he doesn’t resign first, after a US Supreme Court ruling in 2020 made the CFPB director an at-will employee and susceptible to termination for any reason.
“We expect Chopra to be out of his seat almost immediately after the inauguration,” said Isaac Boltansky, the Washington-based director of policy research at the trading firm and investment bank BTIG LLC.
Since its formation after the 2008 financial crisis, the CFPB’s regulations and very existence have been challenged repeatedly in the courts. Removing Chopra would be a resounding victory for businesses that have tried to weaken independent regulators: reining in an aggressive approach to consumer finance and eliminating a strong voice on critical banking regulation.
As a member of the Federal Deposit Insurance Corp.’s board, Chopra raised concerns earlier this year about a plan to dial back US regulators’ landmark bank-capital proposal. He privately described the significant reduction in capital requirements as closer to a giveaway to Wall Street banks, Bloomberg reported in September.
Firing Chopra would give the Trump administration a “two-for-one” win because it increases influence over two agencies, said Brian Knight, a senior research fellow and director of innovation and governance at the Mercatus Center at George Mason University.
https://uk.news.yahoo.com/donald-trump-tools-fire-powerful-180836358.html
Tampon Tim couldn’t even carry his home county in deep-blue Minnesota. Heckova VP selection, Comrade Kamala!
https://nypost.com/2024/11/07/us-news/tim-walz-loses-home-county-to-trump/
Opinion: Elon Musk bought himself a starring role in Trump’s second term. What could go wrong?
“A star is born — Elon!” Donald Trump shouted early Wednesday morning, giving thanks to Elon Musk for helping him win the presidential election. Now Trump and Musk, self-styled stars, are a match made in some kind of Book-of-Revelation living nightmare. With Trump’s victory, the duo seem to have put themselves safely out of the reach of the law.
To see just a fragment of what Musk might do during a second Trump term, look to the current state of play. NASA and the Pentagon now depend on Musk so profoundly that they could barely survive without SpaceX, which controls U.S. space launches and internet satellites. In 2023 alone, Musk’s companies signed $3 billion in contracts with 17 federal agencies, including the departments of State, Energy and Agriculture.
But because this particular schemer is Elon Musk, it’s been hands off. Musk is an expansively free man, telling cable TV viewers about taking ketamine and turning Twitter-now-X, which still has around 300 million daily users, into his very own Pravda — a dark MAGA propaganda site so influential that Rolling Stone dubbed Musk and X “the biggest purveyors of online disinformation.”
https://www.msn.com/en-us/news/other/opinion-elon-musk-bought-himself-a-starring-role-in-trump-s-second-term-what-could-go-wrong/ar-AA1tDAip
Rolling Stone dubbed Musk and X “the biggest purveyors of online disinformation.”
Now that’s rich.
What they really are worried about is that he really will be appointed the efficiency Czar and take a machete to spending in every branch of government,
The globalist scum media mouthpieces who are shameless cheerleaders for the Biden-Harris regime and the corrupt, crony-capitalist status quo have no inkling of the struggles affecting ordinary people in #BidensEconomy.
https://nypost.com/2024/11/07/media/joe-scarborough-visibly-shocked-after-finding-out-what-the-price-of-butter-is/
Obviously they are so well off that they don’t shop for their groceries (who has time for that!?) They probably have a butler or a governess do that for them.
Also known as living in a bubble and believing their own propaganda.
Donald Trump’s election victory is a nightmare for Prince Harry after the new US president previously warned the royal he would get no special privileges in America.
Mr Trump has lambasted the Duke of Sussex since he left Britain in 2020, criticising him for the ‘unforgiveable betrayal’ of his late grandmother Queen Elizabeth II.
He also suggested in March that Harry – who lives in Montecito, California – could be deported from the US if his drug use was not declared on his visa application.
Back in September 2020, soon after Harry and his wife Meghan Markle had moved to the US, the couple urged American voters to ‘reject hate speech, misinformation and online negativity’ in that year’s election which was eventually won by Joe Biden.
While the Sussexes did not endorse a candidate, the wording of their video message prompted accusations that they were referring to Mr Trump and had therefore breached UK protocol keeping members of the Royal Family political neutrality.
Mr Trump was then asked during a White House briefing for his reaction to their comments, and said: ‘I’m not a fan of hers (Meghan) and I would say this, and she probably has heard that. But I wish a lot of luck to Harry, cause he’s going to need it.’
https://www.dailymail.co.uk/femail/article-14047875/Will-Trump-kick-Prince-Harry-America-President-elect-said-royal-no-special-treatment-visa-issues-Meghan-Plan-B-Portugal.html
As of 10/23/24, there were 143 properties for sale in Pinecrest, 17 homes pending sale and 13.0 months of inventory (buyer’s market). If you’re ready to move, contact me to get the best local expertise, truthful guidance and realistic expectations.
https://communitynewspapers.com/pinecrest-tribune/the-magical-real-estate-agent-can-do-the-impossible/
Dr. O’Connor Provides Florida Real Estate Update at Chamber Breakfast Meeting
The Hernando County Chamber of Commerce met on Wednesday for their monthly breakfast meeting. While members munched on the morning’s morsels, the Florida Association of Realtors’ Chief Economist, Dr. Brad O’Connor, came forward to talk about the development of the Florida housing market.
The most drastic of these updates, arguably, was the marked rise in “housing inventory” in the state of Florida just since last year. Over the previous six years, Dr. O’Connor had spoken at the Chamber’s gatherings, he had lamented the lack of houses on the market. That was not so on Wednesday.
The paltry amount of inventory, which is an issue that stretches back beyond the pandemic, has increased by 50 percent year over year for single-family homes. A whopping 75 percent more townhouses and condos are on the market, and roughly half of this stock is in South Florida alone.
He assuaged potential concerns, considering the last time such a thing happened, buyers were scarce, property values went down, and the crash of the late 2000s followed. This time, he noted that the landscape and situation are different as the numbers, which had dropped precipitously, are actually just returning back to normal levels.
The other fear Dr. O’Connor addressed was that with inventory rising, more people must be listing their homes. According to his data, this is not true. In fact, stretching back to 2018, his information states that Hernando had fewer listings last year (2023) than the last several years.
“We haven’t had enough sales recently to pull inventory down,” he stated. Two years ago, the listings would be sold within 10 days. Now, the average has risen to near 40 days on the market. That could easily influence housing inventory metrics.
Why have there been fewer sales? One of these reasons is the rising interest rates on mortgages. Dr. O’Connor believes that these rates could decrease to as low as 6 percent, but it is unlikely that they will diminish further for the next two to three years.
Other factors he posited played a role in slowing sales are rising property insurance rates, slowing rent growth, condo reserve requirements, and slowing in-migration (people moving from one state to another). The decrease in-migration rates is not unique to Florida, though. Every state in the union besides Texas has been seeing lower numbers in this category recently.
https://www.hernandosun.com/2024/11/04/dr-oconnor-provides-florida-real-estate-update-at-chamber-breakfast-meeting/
Fannie Mae Admits Financial Losses Amid Ongoing Mortgage Fraud Investigation
Following an uptick in falsified financial reporting, Fannie Mae is on the hunt for commercial mortgage fraud, acknowledging for the first time it is looking into widespread wrongdoing by some industry players.
“We have discovered instances of multifamily lending transactions in which one or more of the parties involved engaged in mortgage fraud or possible mortgage fraud, and we continue to investigate additional multifamily lending transactions in which we suspect fraud may have occurred,” the agency’s most recent filing with the Securities and Exchange Commission states.
An increase in falsified financial reporting on loan documents from the mid-2010s through 2021 has been on the radar of federal prosecutors and regulators for months, though this marks the first time Fannie Mae has publicly acknowledged its investigation.
Investors who falsified financial information were able to qualify for larger loans from private lenders before those loans were sold to Fannie Mae or Freddie Mac. Those borrowers are now struggling under capital pressures as they face rising interest rates.
Investors such as Aron Puretz and Boruch Drillman have already pleaded guilty to participating in mortgage fraud with more indictments still expected, TRD reported.
JLL was hit with an $18M loss in Q2 after Chaim “Eli” Puretz, Frederick Shulman and Moshe “Mark” Silber allegedly took part in a conspiracy to secure a $74M Fannie Mae loan for a Cincinnati apartment building. The trio pleaded guilty to conspiracy to commit wire fraud affecting a financial institution in August.
“We had originated and sold that loan to Fannie Mae in the first half of 2019,” JLL Chief Financial Officer Karen Brennan said during the company’s Q2 earnings call. “Both we and Fannie Mae were victims of fraud on this loan.”
https://www.bisnow.com/national/news/commercial-real-estate/fannie-mae-admits-financial-losses-amid-ongoing-mortgage-fraud-investigation-126621
“Those borrowers are now struggling under capital pressures as they face rising interest rates.”
ARMs are for hugging!
LA’s libtard voters have turned on their criminal-coddling Soros-installed DA. Will this be a trend as libtards living in formerly secure neighborhoods and enclaves are directly impacted by Democrat hug-a-thug criminal justice policies?
https://x.com/NathanHochmanDA/status/1854174134856814885?
Unfortunately, we re-elected our local Soros DA.
Thanks for nothing, Fort Collins voters.
Women for Kamala.
At first I thought this was staged, but the more I watch…
https://x.com/CitizenFreePres/status/1854594776391401826
That screeching is fugg’n awesome!
Ok, so the CNN wordsmith Rachael Marrow calls for military and millions to defy the Trump Administration.
I don’t know if this is a call for Civil War or insurrection or what.
While Harris conceded , and Biden invited Trump to the White House after he won, showing peaceful transition of power, you got fake news trying to start something .
Now hearing MSN floating talk of rigged election and calls by some for defiance of Trump Administration, its just unreal.
While Liz Cheney extends congratulations to Trump on his win, fake news starts their dog whistle to rebel against the Trump solid win.
Will Rachel Marrow be arrested for promotion of insurrection against the newly elected Government.
Rachael Maddow, is the creep that defrauded 3 friends of mine into taking numerous Covid shot, who same 3 friends are battling for their lives now, with typical covid shot side effects.
Rachael Marrow spelled wrong in first paragraph
IMHO, this is just the beginning of what fake One World Order bought off news is going to do to basically start a insurrection again a duly elected President.
Calling Trump a Nazi, Hitler, a felon, a Racist , he’s going to kill women, etc. didn’t work and was a dog whistle for nuts to kill him. So now comes the rigged election claims and call for a insurrection against Trump the Trump win .
I hope he goes scorched earth on them this time but sadly he probably wont. If term 1 is the template then he will probably bring in a bunch of spineless goons and the whole administration will devolve into chaos again. This is still a million times better than the other option, what was her name? They should put her on a plane back to California or Canada or wherever she crawled out of so we can immediately all forget about her.
I like to think that he learned his lesson from his first term.
Also, that he’s had four long years to vet his next crew.
Major enlightening for my conspiracy-doubting husband in the worst possible way. Granted we’re all old, but his sister just died from sudden late-stage pancreatic cancer and their brother, who was assisting in her care, was just diagnosed with the same type of cancer. WTH? Both vaxxed to the max.
I was kidding my husband (because I was insistent about him not getting the shot) that I’m a good person to know 😉 He said I was right. Still recovering from the shock.
CNN is claiming that mass deportations could be “inflationary”.
Let’s see: millions of invaders are unproductive and suckle at the government’s teat, and said government has to run deficits to care for them. I fail to see how sending them home and removing them from the free sh!t army will cause inflation. If anything it will have the opposite effect.
CNN is claiming
= They are lying.
“You Play to Win” – How Elon Musk Outsmarted the Establishment to Help Trump Win
Tucker Carlson Network
1 day ago
https://www.youtube.com/watch?v=CIlV0ci2Pi0
12:44. Talks about the Amish voters in the first 3 minutes.
Play to win.
Priceless.
‘Poscente, a Las Vegas Realtor with Remax Advantage who has lived in the valley for close to 40 years, said the research data he’s seen shows a 3 percent decrease in home prices by the end of the year. He said any smart real estate agent should have been putting money away for a rainy day during the boom cycle during the pandemic. ‘Many of us were spoiled and have been unrealistically holding our breath,’ he said. ‘Leaving the meteor speed of appreciation behind, we are likely to experience continued growth, albeit at a snail’s pace for now’
My experience with the UHS stories is, they not only didn’t save some of that filthy lucre, but are up to their eyeballs in debt.
They need to radiate an illusion of being very successful. After all, you wouldn’t want some loser listing your shack would you? Hence the super expensive late model vehicles, all leased, of course.
“….an illusion of being very successful…”
Proof positive that an REIConplex agent is a con artist at heart.
UHS
I have three more weeks before I renew my lease (7% increase).
Looking at the listings, I am amazed at their hubris. One listing said, “don’t even ask about large dogs.” Not my situation, but they’re delusional talking like that in this climate.
‘People who bought houses at high rates are also eager for borrowing costs to simmer down so they can refinance and get lower payments. ‘We’re waiting for the shoe to drop, and it’s just not dropping,’ said Mike Kemp, who bought his roughly $700,000 home last November and is eager to refinance his 7.25 percent mortgage. Kemp is still waiting for lower rates in Phoenix. The general manager of an automotive repair facility bought a home last year thinking he would be able to refinance quickly once the Fed began to cut, to achieve some crucial financial wiggle room. Instead, he and his wife are ‘financially strangling’ themselves to pay $5,400 on their home every month, on top of groceries and other bills’
That’s some sound lending right there.
‘he has received emails from would-be home purchasers ‘telling me, ‘I’m sorry, we can’t buy there because there’s an air-conditioning problem. The only solution would be busting up everybody’s floors and redoing all new plumbing, and you know, who can afford that?’…Nolan, one of the primary dissenters who has served as board treasurer on and off over 10 years since 1996, says she used her home equity to finance the $12,000 air conditioning bill after using a different loan to pay off previous assessments. She contends that the air-conditioning system does not need to be replaced. ‘The current system just needs regular quarterly maintenance and everyone needs to take ownership of their own heat pumps and have them properly maintained’
I want to thank Pam and Randy for today’s multifaceted HBB Pitfalls of Commie Urban Living™.
‘A Gold Coast condo recently changed hands for a fraction of what it commanded over three decades ago, highlighting depreciation in the downtown residential market. The three-bedroom unit on the 59th floor of the 66-story Bloomingdale’s building, at 900 North Michigan Avenue, sold for about $378 per square foot, a sharp decline from the $596 per square foot it fetched in 1989 — …‘The buyer got a great deal’
I’m not going to write a book researching this airbox Harry, but a quick scan reads that everybody who touched this thing in the past 35 years took an a$$ pounding.
‘The major hurdle we faced was the high maintenance fee of $1,481, which only covered water…What also didn’t help was a placard in the front saying there was going to be a new build, so they would lose their view’…‘We kept working it, and in the interim, I saw other properties expiring and terminated,’ said Ms. Lelli. ‘We were the only one that sold’
That’s because you gave it away Belinda, now you’ve screwed up the comps!
She would scream and shout obscenities every time Paul or Terri would dare go outside. By October 2023, they decided to serve a new eviction order, which she once again ignored. The couple decided to take her to court, but she eventually moved out just a week before the court date, leaving the cottage in a terrible state. ‘The place was filthy,’ says Terri. ‘There were plastic bags filled with faeces everywhere, the walls were covered in grime, the sliding door was smashed, and many of the floor tiles were broken.’ ‘This whole ordeal has made us very distrustful of people,’ says Paul. ‘It is a situation I would not wish on my worst enemy. I would urge landlords to take extra care before approving a potential tenant. Once they are in, getting them out is a complete nightmare’
I can see yer getting yer hands dirty Paul and Terri, that’s a good thing! Nothing beats experience.
South Africa exists to make other sh!tholes look good by comparison.
‘A threat by Donald Trump, who has been elected as the next U.S. president, to impose 60% tariffs on U.S. imports of Chinese goods poses major growth risks for the world’s second-largest economy. Not only are the tariff rates much higher than the 7.5%-25% levied on China during his first term, the economy is also in a much more vulnerable position. In 2018, the property market was strong, driving about a quarter of China’s economic activity. That meant local government finances, heavily reliant on auctioning land for residential projects, were not questioned so forcefully’
‘This helped China absorb the tariff shock. But since 2021, real estate has been in a severe downturn and local government revenues have plunged. Housing oversupply means this sector may never return to the driving seat of Chinese economic growth’
We could finish off the CCP in their current situation if we chose to.
I’ve Seen This Plan Backfire Many Times (York Region Real Estate Market Update)
Team Sessa Real Estate
36 minutes ago VAUGHAN
In this episode, we look at the current Vaughan Home Prices, Richmond Hill Home Prices & Markham Home Prices and real estate market trends for the week ending Oct 30, 2024. We also discuss how some well-intentioned parents try their best to get their kids to save for a down payment but sometimes those efforts backfire.
https://www.youtube.com/watch?v=UUYJckDtBVg
10:41.
President-elect Donald Trump has announced that Susan Wiles, his 2024 presidential campaign manager, will serve as White House chief of staff in the Trump administration.
“Susie Wiles just helped me achieve one of the greatest political victories in American history, and was an integral part of both my 2016 and 2020 successful campaigns,” Trump said in a Nov. 7 statement. “It is a well deserved honor to have Susie as the first-ever female Chief of Staff in United States history. I have no doubt that she will make our country proud.”
Wiles, daughter of the late NFL broadcaster Pat Summerall and a veteran Florida political strategist, is one of Trump’s most enduring advisers. After playing a key role in securing Florida for Trump in 2020, she effectively acted as his chief of staff during his post-presidency and led his campaign throughout the entire 2024 race for the White House.
On election night, Trump acknowledged Wiles in his victory speech, though she chose not to address the crowd at the Palm Beach Convention Center, instead passing the microphone to co-campaign manager Chris LaCivita. Several allies of the president-elect have publicly backed Wiles for a key role in the upcoming Trump administration.
“Susie Wiles ran Trump’s best campaign of the three, and it wasn’t particularly close,” Turning Point USA CEO Charlie Kirk wrote in a post on X. “She’s disciplined, she’s smart, and she doesn’t seek the limelight. She would make an incredible Chief of Staff. The president, and America, would be well served with Susie in that key role.”
Mark Miller, former chief of staff for South Dakota Governor Kristi Noem, said in a post on X that Trump’s supporters “should know [Wiles] was there working behind the scenes when basically no one else was supporting him in late ‘22. What she has done is objectively remarkable.”
In announcing Wiles for the position, Trump described her as “tough, smart, innovative, and is universally admired and respected.”
“Susie will continue to work tirelessly to Make America Great Again,” Trump said.
https://www.theepochtimes.com/us/trump-announces-susan-wiles-as-white-house-chief-of-staff-5756313
Woke Celebrities FLEE America After Trump LANDSLIDE: ‘I Cannot Take Four More Years of TRUMP – BYE!’
Benny Johnson
2 hours ago
https://www.youtube.com/watch?v=jM97YfQ36uM
14 minutes.
Don’t let the door hit them on their backsides as they depart!
This isn’t an airport. You don’t have to announce your departure!
[One of the comments …]
“Trump has not even started his term and he is already Making America Great Again!!!”
The Left Ignored the People—Now They’re Facing the Consequences
Matt Goodwin
5 hours ago
In this video, I discuss how the left ignored the people and are now facing the consequences in the aftermath of Donald Trump’s 2024 presidential victory. I explore why ordinary voters felt neglected by the liberal elite, leading to a political revolt that brought Trump back to the White House stronger than ever. We’ll look into the disconnect between the political establishment and the public, focusing on issues like immigration, woke ideology, and the erosion of national identity. Join me as I unpack the reasons behind this significant political realignment and what it means for the future of American politics.
https://www.youtube.com/watch?v=mCSzT81pz0w
4:26.
[A spoof headline …]
“Democrats Admit Trump Actually Won In 2020 And Is Now Unable To Serve Third Term”
Good catch! LOL
Alex Jones
@RealAlexJones
Major Update On Trump Booster Alfie Oakes Being Raided By The U.S. Military, FBI, And Other Federal Agencies
7:29 PM · Nov 7, 2024
·
https://x.com/RealAlexJones/status/1854682688512242109
Federal agents raid Alfie Oakes’ North Naples home, Immokalee packing plant
Federal agents raid Alfie Oakes’ North Naples home, Immokalee packing plant
6 hours ago
Nov 7, 2024
Multiple law enforcement agencies are at the home of a prominent Collier County businessman and controversial conservative activist.
Law enforcement, including federal officials, were seen going in and out of the home of Alfie Oakes on Santa Cruz Court in the Villages of Monterey community in North Naples and a packing plant in Immokalee
https://youtu.be/nPyFCrcPCDY?si=QUGh8SdgXVB19yj6
by Infowars.com
November 7th, 2024 6:25 PM
A cozy 11-minute video compilation showcases a nice smattering of meltdowns from social media users and legacy media figures, in addition to hilarious memes, perfectly encapsulating the left’s unhinged reactions following Donald Trump’s monumental victory.
I,Hypocrite
@lporiginalg
The salt mines are open for business.
6:20 PM · Nov 6, 2024
https://x.com/lporiginalg/status/1854302916510892238
That background music sounds like Beethoven used by Stanley Kubrick in “A Clockwork Orange.”