There Was An Unrealistic Expectation, The Price Was Too High And I Sold It At The Wrong Time
A report from WFOR in Florida. “A Coconut Grove condo owner is expressing frustration after his association approved a $7.1 million special assessment, leaving him responsible for more than $153,000. John DuBois, who has owned a villa at The Cloisters on the Bay for over 20 years, says he was blindsided by the high cost, which he must pay within two weeks. Although DuBois now rents out the property, he says the steep bill has left him scrambling. ‘I don’t have that kind of cash sitting around,’ DuBois said. For DuBois, the situation feels unfair. He says he doesn’t want to pay the assessment but also doesn’t want to risk foreclosure if he doesn’t. ‘I feel like the victim of an unfortunate set of circumstances that happened a couple of years ago and now all the condo owners in Florida are paying the price for it,’ he said.”
WFLA in Florida. “The condo conundrum continues as the December 31st inspection deadline is only a few weeks away. Experts say owners have been ignoring maintenance of their own properties for years and need to face accountability. ‘Meanwhile things weren’t getting fixed, and it took a crisis and the loss of life to bring this to the forefront,’ said John Cadden, of Condominium Advisory Group (CAG). Cadden claimed condo associations are not the only ones to blame for neglect. It’s the condo owners who voted to keep prices down, with little to no repairs. ‘As sad as it is for some of the people that are there, they have to look in the mirror at the same time and say I helped choose this,’ said Cadden.”
“Cadden adds that not every condo community is in ‘crisis’ but the ones that are, seem to follow a pattern of neglect of repairs. ‘You voted for the people that are running our association that we’re making the decisions and you benefited all those years from paying lower dues and lower special assessments and now it’s time to pay the bill,’ said Cadden.”
The Argus Courier in California. “After the 2019 and 2020 wildfires, Vallen Cooper and her son Chad handled insurance claims worth millions of dollars for smoke and ash cleanup at the Villa Rosa condominium complex in Santa Rosa and other properties they managed. The problem was, according to homeowners associations for those properties, they didn’t know the claims were being filed on their behalf and were unaware that any work was done. But now, the Sonoma County District Attorney’s Office has charged Vallen Cooper with three felony counts of insurance fraud and Chad with two. Both were hit with ‘aggravated white collar crime’ enhancements, which can be charged when the alleged fraud involves more than $500,000. Arrest warrants were issued on Oct. 23.”
“‘It’s bad enough that people are suffering because of the fires and still trying to get money back for losses, and then to have situations like this,’ said Daniel Ellecamp, who was a member of the Villa Rosa Homeowners Association at the time. Annual insurance premiums for the 240-unit complex shot up from roughly $45,000 to $285,000, costs that would have to be covered by condo owners or their renters. When Villa Rosa homeowners and residents found out, ‘we were devastated,’ said Ellecamp, who rented out three units he owned in the complex. It would mean significant increases in dues to cover a sixfold premium price increase and worse protection in case of future losses. ‘These are lower middle-income families that live in these units, working-class people or retired people, or if they’re rental units, they’re affordable rental units. Many can’t afford sky rocketing insurance rates,’ he said.”
From News.com.au. “Celebrity real estate guru Barbara Corcoran has issued some words of wisdom for her fellow A-listers who are trying (and failing) to sell their homes. The 75-year-old, who founded the real estate company The Corcoran Group, offered up some advice to celebrities like Kylie Jenner and Ciara, both of whom have struggled to offload their pricey properties in recent years. According to Realtor, that is a mistake that many A-listers have made in recent years, particularly those who were hoping to sell megamansions in Los Angeles before the April 2023 implementation of a so-called ‘mansion tax.’ Jenner and Scott are two such celebrities called out by Corcoran after they listed their Beverly Hills house at a super high price of $US21 million ($A33.8 million) in 2022, and then, with no takers, slashed the price several times.”
“Corcoran noted, ‘You have to be realistic. I don’t think it’s a good idea to drop prices on expensive or lower priced real estate. It’s always a signal to the buyer there’s a problem and they’re encouraged to make an even lower offer.’ She added, ‘You’re much better off taking your home off the market, waiting three to six months, listing with a new broker and coming on as a new listing.’ She pointed out that if the listing drops in price, it causes the buyer to wonder, ‘What’s wrong?’ She said, ‘It puts the emphasis, underlines what’s the new news there, which is the price dropped: why, why, why?'”
The Orange County Register. “Nathan Young and his addiction treatment empire have mounted a full-throated defense of how they do business, turning the tables on Aetna — their accuser — by asserting that the insurance giant greedily endangers addicts’ lives by cutting treatment short. In the $40 million lawsuit that kicked off this confrontation, Aetna accused Young and associates of weaponizing addiction for profit. They lured patients into their programs by offering kickbacks, such as free or low-cost living arrangements in ‘sober living homes’ in highly desirable locations throughout California, the suit asserted. ‘In reality, the sober living homes were little more than drug dens, used to ensure patients remained in Defendants’ treatment ‘programs’ for as long as possible…. ensuring reliance on treatment rather than recovery from treatment,’ the suit said.”
“The countersuit paints Young’s operations in a saintly light. Unlike many other treatment facilities, Young’s are willing to treat homeless people, those with behavior issues, prior convictions or other law enforcement history that ‘fancier’ providers might turn away, the countersuit said.”
WIS TV in South Carolina. “Residents at the Westwood Estates Apartment Homes are fed up after a long list of complaints have gone unresolved and a Saturday shooting that left one person dead. Some of the tenants at the apartment complex on Riverbend Drive said they are now looking for ways to break their leases. ‘I have been at my wits end with these people for over a year now,’ said Quindara Williams, a tenant who lives at Westwood Estates. She said she’s had issues with mold, wiring on her water heater, and water damage to her roof. Not all of those maintenance issues have been properly fixed, she said. Williams also pointed out recent financial issues at the property. Currently, the property owes more than $400,000 in unpaid property taxes, according to Lexington County property records. ‘This property owed over $30 million dollars. And as tenants, that raises a lot of awareness,’ said Williams. ‘I know full responsibility you’re supposed to pay rent. But why would you pay rent to a place that’s facing foreclosure that doesn’t want to give you any information?’ she said.”
The Wall Street Journal. “The aggressive tariff hikes floated by President-elect Donald Trump would be inflationary and could lead to higher interest rates and bond yields. For banks holding large amounts of long-dated, fixed-rate assets, such as Treasurys and government-sponsored mortgage bonds, that could mean greater unrealized losses as bond values decline, weakening their balance sheets. Those are the types of losses that led to Silicon Valley Bank’s failure in March 2023. Silicon Valley Bank’s shareholders didn’t get a government bailout when the lender collapsed. But its uninsured depositors did, as did those at Signature Bank when it failed the weekend afterward. A few days later, Trump in a video posted on his Truth Social account said, ‘There should be no bailouts.'”
“In an interview later that month, Fox News host Sean Hannity asked Trump: ‘Would you have supported the bailout of Silicon Valley Bank?’ Trump replied: ‘I wouldn’t have supported the bailout. The bank would have to get along by itself and maybe they could have.’ The bank failed, he said, because ‘they stupidly bought long-term Treasurys,’ and ‘those Treasurys got crushed’ when interest rates rose. (Actually, its biggest losses were on government-backed mortgage bonds, but the point is the same.)”
The Globe and Mail in Canada. “Jacqueline and Leo Francis made a fantastic profit on the first condo they bought in Toronto in 2013. They paid $300,000 for the unit and sold it in 2022 for $800,000. The second condo they bought was a preconstruction unit near a busy shopping mall in north Toronto. They closed on the $528,000 condo in January this year after securing the place with a deposit in 2018. But this one is bleeding cash. Their mortgage rate is 8.3 per cent and the loan size is $410,000. Their mortgage payments, condo fees, taxes and other costs work out to about $4,200 a month, but the monthly rent they receive is $2,400.”
“The next preconstruction condo they bought is near the city’s Beaches neighbourhood in the east end. They partnered with another couple and closed on the $840,000 unit in May, after securing it with a deposit in 2021. It’s also bleeding cash. The owners have two mortgages on the unit. With other condo expenses, the monthly costs work out to around $6,700. The monthly rent they receive is $3,650, and that is boosted by a one-year rental guarantee that came with the purchase. Their current tenant pays $3,100 per month. As costs mount, the Francises have lost interest in preconstruction condo investing. ‘I would not buy today. It ties up your money for too long a time and you can put your money into something else,’ Ms. Francis said.”
“Stephanie Pineyro, a real estate investor, said purchasing another one does not suit her portfolio. She paid $730,000 for a preconstruction condo in Toronto and $545,000 for a unit outside of Vancouver. They are not bleeding cash, but she is not interested in buying another one today. ‘If you want to make money now, it’s not going to give you cash flow and it’s not going to appreciate.'”
Plymouth Live in the UK. “The company behind two stalled Plymouth housing developments has vowed that construction will start again next year. All work stopped at the sites in Whitleigh and Lipson during the summer leaving 126 homes unfinished. Residents living near the sites complained they were unsightly and potentially dangerous and still fear they may never be completed. One neighbour complained of a racket from the site when work was going on and called it ‘noise pollution.’ He said: ‘I was woken up every single morning. The noise interfered with me every day. It was the last little piece of green of any substance in that area.’ And he added: ‘These houses are just not high quality. They have been open to the elements for months. Would you want to buy a house that has been left open to the elements like that? Those houses are in such a state I wouldn’t buy one.'”
ABC News in Australia. “National home prices are losing momentum and anticipated interest rate cuts are unlikely to stop falls in house prices next year. The slowdown in the pace of growth comes as more owner-occupiers and investors consider selling, with Melbourne and Sydney losing most steam. Comedian and actor Brett D’Souza tried to sell his home in Melbourne’s inner northern suburb of Brunswick on his own without an agent last year when house prices had started to trend down. He says he picked the wrong time to sell and made other ‘mistakes’ on the way that he has learnt from, but would not discourage others thinking of selling without an agent.”
“D’Souza had hoped to reap $1.8 million for the property. In the end, D’Souza had to call an agent. With the help of one, he sold his home in August for $1.39 million. ‘There was an unrealistic expectation,’ he says, noting he put his home for sale as interest rates were rising. ‘I made some mistakes, but the price was too high and I sold it at the wrong time.'”
South China Morning Post. “The mental trauma from pandemic controls and the economic slump have led to feelings of helplessness and despair that cannot be ignored China’s reputation as one of the world’s safest countries seems increasingly difficult to justify after a spate of seemingly random killings. Last month alone, two shocking attacks made global headlines: 35 are dead after a driver rammed his car into a crowd in Zhuhai city in Guangdong province, and another eight were killed in a knife attack in Yixing city in Jiangsu province.”
“Under the stringent zero-Covid policy, people felt monitored and powerless, their lives reduced to an atomised state of helplessness. Mental health deteriorated and when the policy was abruptly lifted, the psychological scars were left largely unaddressed. The real estate downturn meant tens of millions of homes were sold unfinished. With falling housing prices and bankrupt developers, some homeowners defaulted on their loans, while others are trapped in negative equity. Youth unemployment remains alarmingly high. Even after statistical adjustments, the rate is above 17 per cent. On top of this, consumption has downgraded and the stock market has returned to stagnation after brief stimulus-driven surges.”
“For over a decade, China’s economic growth was fuelled by large-scale infrastructure projects, rapid real estate investment and aggressive credit expansion. Yet past crises, such as the 1990s bursting of Japan’s asset bubble and the 2008 US subprime crisis, warn of the fragility of the model. Many have come to realise good times may never return in China.”
‘When Villa Rosa homeowners and residents found out, ‘we were devastated,’ said Ellecamp, who rented out three units he owned in the complex. It would mean significant increases in dues to cover a sixfold premium price increase and worse protection in case of future losses. ‘These are lower middle-income families that live in these units, working-class people or retired people, or if they’re rental units, they’re affordable rental units. Many can’t afford sky rocketing insurance rates’
California has always been fer rich people Dan, maybe you just can’t hack it.
‘I don’t think it’s a good idea to drop prices on expensive or lower priced real estate. It’s always a signal to the buyer there’s a problem and they’re encouraged to make an even lower offer.’ She added, ‘You’re much better off taking your home off the market, waiting three to six months, listing with a new broker and coming on as a new listing.’ She pointed out that if the listing drops in price, it causes the buyer to wonder, ‘What’s wrong?’ She said, ‘It puts the emphasis, underlines what’s the new news there, which is the price dropped: why, why, why?’
I share yer frustration with these would be movers Babs. Why are you giving it away? Why, why, why!
‘You’re much better off taking your home off the market, waiting three to six months, listing with a new broker and coming on as a new listing.’
How does that work out in falling knife market conditions? Or if you need the cash from the sale proceeds today?
Presumably she’s referring to wealthy celebrities who don’t need walking money.
I had someone quote her the other day. I asked them to go online and find all of her interviews leading up to the last crash and you’ll find out all you need to know about her “wisdom”.
Do you worry when stopped-clock permabulls start talking of weak stock market performance to come?
Get ready for weaker returns in 2025 after huge stock gains in the last 2 years, Wharton professor Jeremy Siegel says
Filip De Mott
Dec 2, 2024, 11:13 AM PST
Wall St. Sign with American flags
Getty Images
– The S&P 500 will see gains capped at 10% next year, Jeremy Siegel said.
– The Wharton professor expects large-cap tech shares could see flat returns in 2025.
– But undervalued small- and mid-cap stocks will rally, he said.
The S&P 500 will be running on fumes in 2025 after a scorching two-year rally, Jeremy Siegel told CNBC on Monday.
“I’m expecting a much quieter year. I mean, we’ve had two blockbuster years, 2023, 2024, so I’m expecting an S&P probably in the zero to 10% range,” the Wharton professor outlined, adding that the market’s dominant tech stocks could see “flattish” returns next year.
…
https://markets.businessinsider.com/news/stocks/sp500-stock-market-outlook-weaker-returns-mag-7-tech-trump-2024-12
‘Would you have supported the bailout of Silicon Valley Bank?’ Trump replied: ‘I wouldn’t have supported the bailout. The bank would have to get along by itself and maybe they could have.’
Please do not waffle on this stance DT! Because you will be tested soon.
I agree with this. Even when I was a teenager my father told me that I shouldn’t keep more than $100K (at the time) in the bank. And yet all these celebs and startup companies were keeping $5-10 million in a checking account as if they were paying the electric bill.
‘If you want to make money now, it’s not going to give you cash flow and it’s not going to appreciate’
Being cash flow negative is the K-dn way Steph, but that last part has to be a typo. Did you say ‘not’ going to the moon! Alice? That would mean yer just going along fer the a$$ pounding ride!
‘There should be no bailouts.’
We’re a long way from the world when Hank Paulson begged Nancy Pelosi on bended knee to bail out the FIRE sector.
Realtors are liars.
Chicago Is “Waking Up!” Resident Tells Democrat Mayor that City Is “Flipping Red” over Crime
2 hours ago
A Chicago resident told Democrat Mayor Brandon Johnson that the city was “flipping red”, and that he wouldn’t be able to keep his seat during his next election.
https://www.bitchute.com/video/DYhj0KQOl_k
2 minutes.
Broward woman sentenced to 20 years in prison for $190 million Ponzi scheme
MIAMI – A Broward woman on Tuesday was sentenced to 20 years in prison in a Ponzi scheme that defrauded investors more than $190 million, including duping clients while in federal custody.
Johanna Michely Garcia, the former Chief Executive Officer of MJ Capital Funding, LLC, in Pompano Beach pleaded guilty on July 16 to piracy to commit mail and wire fraud in the case in the Southern District of Florida.
Garcia was convicted of defrauding customers with MJ Capital Funding as well as clients with other companies formed later.
In 2021, CBS News Miami reported she was being investigated by the Securities and Exchange Commission. More than 2,000 people were persuaded to invest thousands of dollars and in exchange they would get back typically 120% for six-month investments.
The conspiracy involved Garcia leading others, including Pavel Ramon Ruiz Hernandez, in an investment Ponzi fraud scheme totaling approximately $190,700,000. Hernandez was charged in August 2022, pleaded guilty in April 2023 and was sentenced in September 2023 to 110 months’ imprisonment, followed by three years of supervised release.
Garcia paid investors by running a large Ponzi fraud scheme, paying existing investors using new investor funds while misappropriating millions of dollars for her own personal benefit. Of the nearly $200 million raised, investors lost nearly $90 million.
“Similar to the MJ Capital Funding fraud, Garcia and her partners told victims that their money would be used to fund commercial loans,” DOJ said in the news release. “In truth, the money raised was used to pay off previous investors, and fund Garcia and her coconspirators’ lifestyles.
https://www.cbsnews.com/miami/news/broward-woman-sentenced-to-20-years-in-prison-for-190-million-ponzi-scheme/
Villa Rosa condominium
The greed heads who believed this schmuck and his 120% return in 6 months, deserve to lose all their money!
CBS News Miami
Sorry, wrong heading above.
Even 20% is too-good-to-be-true. But I guess they all wanted generational wealth.
Celsius founder Alex Mashinsky agrees to plead guilty to two fraud counts
Alex Mashinsky, founder and former CEO of cryptocurrency lender Celsius Network, pleaded guilty on Tuesday to two counts of fraud.
Mashinsky, 59, was indicted on July 13, 2023, on seven counts of fraud, conspiracy and market manipulation charges. Federal prosecutors in Manhattan said he misled customers of Celsius to persuade them to invest, and artificially inflated the value of his company’s proprietary crypto token. He pleaded not guilty that day.
On Tuesday, during a hearing before U.S. District Judge John Koeltl, Mashinsky said he pleaded guilty to two out of the seven counts he was initially charged with: commodities fraud, and a fraudulent scheme to manipulate the price of CEL, Celsius’ in-house token.
Federal prosecutors in Manhattan have said Mashinsky also personally reaped approximately $42 million in proceeds from selling his holdings of the Cel token.
“Mashinsky made tens of millions of dollars selling his own CEL at artificially high prices, while his customers were left holding the bag when the company went bankrupt,” Damian Williams, the U.S. Attorney in Manhattan, said in a statement on Tuesday.
https://www.theglobeandmail.com/business/article-celsius-founder-alex-mashinsky-agrees-to-plead-guilty-to-two-fraud/
GOOD.
This Mash bahshtard was all over YouTube channels, such as Kitco, singing his own crypto praises. And everyone swallowed it.
Oh btw, BTC is now approaching $97K, mainly because DJT likes crypto. I just don’t know how long this can go on before somebody asks “so what does BTC do other than go up and down?”
at least tulips are pretty
Mayor Brandon Johnson tells City Club he wants Chicago under 500 homicides in 2025
Mayor Brandon Johnson on Tuesday debuted a new goal for Chicago: fewer than 500 homicides next year.
Johnson floated the benchmark — which has not been achieved since 2015 — during a City Club of Chicago speech, after noting this year’s drop in homicides and shootings. The mayor’s remarks to the lunch crowd of business types and politicos also leaned heavily on his racial identity and faith as he sought to recast the narrative on his rocky year-and-a-half leading the nation’s third-largest city.
“Yes, we have work to do, but in 2025 we have the opportunity for the first time in over a decade to have less than 500 homicides,” Johnson said. “We have an opportunity for less life to be lost if we actually put in the hard work, roll up our sleeves, and not allow the narrative that comes from the outside to determine who we are as a city. … We are Chicago. We have come through some of the most treacherous times, and we have been trendsetters from our inception.”
He described himself as a “righteous man in office” and referenced a Bible verse on guiding young people when discussing his commitments to Chicago’s youth. “I’m not saying that I’m Jesus the Christ. I’m just saying that we have solved for a couple things,” the mayor said after his latest pitch for the proposal. “If you have a better plan than that, see my senior adviser, Jason Lee.”
https://www.msn.com/en-us/news/us/mayor-brandon-johnson-tells-city-club-he-wants-chicago-under-500-homicides-in-2025/ar-AA1vdMAB
Idiotic! The goal should be zero homicide deaths!
Policing society is never solved. A decision is made in various societies around the planet as to how much compassion, effort and money will be exhausted to stay ahead of the criminals, e.g., China uses sandwich boards and firing squads, but it doesn’t eradicate the problem.
How cute, they conveniently left out the part where he subtly called everyone in the room a racist as he went on to lecture them that his main focus will be black and brown children. Even Tiffany Henyard would be better than this clown and it just so happens she’s going to be available soon! They ruthlessly removed her from the ballot in Thornton last night. No more ‘Super Mayor’. 🙁
She was left standing there yelling at the podium as the whole room enthusiastically removed her from office.
https://www.youtube.com/watch?v=PO_1PD6rprI
This story just keeps on giving, I’ll miss her.
Political donations may be capped amid rumours Musk could gift £79m to Reform
Political donations could be capped under electoral reforms being considered by ministers, amid speculation that Elon Musk could make a £79 million donation to Reform UK.
The Government is looking at proposals to limit how much individuals and companies can donate to political parties after pledging a “strengthening” of the rules in its manifesto.
The Guardian reported that proposals for a cap were being explored by officials, but that such a limit would not come in until the second half of this Parliament.
Mr Musk cemented a friendship with Nigel Farage, the Reform leader, at Mr Trump’s home in Mar-a-Lago, Florida, which Mr Farage visited during the US election last month. Mr Farage is the only British politician Mr Musk follows on X, and the billionaire entrepreneur has recently expressed support for Reform on the platform.
https://www.msn.com/en-gb/news/uknews/political-donations-may-be-capped-amid-rumours-of-79m-musk-donation-to-reform/ar-AA1vb6Y3
Trump making ‘joke’ about Canada becoming 51st state is ‘reassuring’: Ambassador Hillman
Canada’s ambassador to the U.S. insists it’s a good sign U.S. president-elect Donald Trump feels “comfortable” joking with Canadian officials, including Prime Minister Justin Trudeau.
According to U.S. network Fox News, Trump joked during the meeting in Florida that if said tariffs debilitated the Canadian economy — as the prime minister conveyed to him — perhaps Canada should become the country’s 51st state.
Trump later posted what appears to be an artificially generated image depicting him standing on a mountaintop, with a large Canadian flag next to him, with the caption “Oh Canada!”
https://www.ctvnews.ca/politics/trump-making-joke-about-canada-becoming-51st-state-is-reassuring-ambassador-hillman-1.7132608
Here’s a short video that has the ‘photo’:
HAD TO DO IT!!!🤣🤣🤣
il Donaldo Trumpo
18 hours ago
WE DO A LITTLE TROLLING…🤣🤣🤣
https://www.youtube.com/watch?v=wWpLL5XjKfc
17 seconds.
” him standing on a mountaintop”
Yup, saw it. And the big peak in the middle of the frame is… the Matterhorn. In Switzerland.
In Disneyland 😉
Mexico president says Canada has a ‘very serious’ fentanyl problem
In a Monday press conference, Mexican President Claudia Sheinbaum said Mexico “must be respected, especially by its trading partners.”
She also noted that Canada has “a very serious problem with fentanyl consumption,” more than Mexico, and possibly as a result of some drug-decriminalization measures.
“We are not going to fall for a provocation of which country is better,” she said, chalking some criticism from Canada up to political pandering.
“Mexico should not be used as part of (Canadian) electoral campaigns,” she said.
Yet Sheinbaum also said Canada “could only wish they had the cultural riches Mexico has,” saying her country has civilizations dating back thousands of years.
Christopher Sands, director of the Canada Institute at the Woodrow Wilson Center in Washington, said tensions between both countries played out in the NAFTA renegotiation, when there was limited communication between Ottawa and Mexico City.
“The Canada-Mexico relationship has always been the weakest part of the triangle of North America,” he said.
Sands added that Sheinbaum and her predecessor have implemented nationalist policies that have been at odds with Washington.
“The Mexican government has been moving in a direction which is antithetical to the North American project (through) nationalizing parts of the economy, by reversing energy reforms, by doing deals with the cartels. (They are) sometimes working co-operatively with the Americans in the borders, and sometimes not.”
https://www.ctvnews.ca/politics/mexico-president-says-canada-has-a-very-serious-fentanyl-problem-1.7131981
‘doing deals with the cartels’
Wa?
Sands added that Sheinbaum and her predecessor have implemented nationalist policies that have been at odds with Washington.
AMLO was a nationalist. Sheinbaum is a globalist, a WEF darling.
‘Sheinbaum also said Canada “could only wish they had the cultural riches Mexico has,” saying her country has civilizations dating back thousands of years’
The Mexican Klansman thing isn’t going to work Claudia. If not for the gringos, Mexico would still be doing ritual human sacrifices. In fact the cartels are even more deadly..
Mexicans like to brag about the “cultural richness” of its pre-Colombian “civilizations”, which as you pointed out were savages who practiced ritual sacrifice, though it was the Spaniards who put an end to that. And speaking of that, more than once AMLO demanded that Spain apologize for colonizing Mexico. I expect that Sheinbaum will continue with that nonsense and maybe even demand reparations. So far the Spanish government has told Mexico to go pound sand, and Mexico has put diplomatic relations with Spain “on hold”. I do find it ironic that a member of the tribe would brag about Mexico’s savage past. At least AMLO was a mestizo.
It’s not that far in the past. Last I heard they’ve got 250,000 unsolved (meaning they don’t bother to investigate) murders thought to be cartel killings. Often they don’t know who the people were. Mass burials aren’t uncommon. Leaving dead people hanging from bridges to intimidate the public. Journalist assassinations. They used to video their tortures and post it on utub!
That is part of today’s Mexican “culture” that Sheinbaum can’t stop. nor hide. This time it will be up to us to stop them, as the Mexican government lacks the will and the intestinal fortitude to do so.
But if you want to hear about savagery, here is a story from the Aztec days: a chief from a lesser tribe offered the Aztec chief his daughter in marriage, probably with the hope of establishing an alliance, or at least a protected vassal status. The Aztec chief had the girl killed, skinned and he wore her hide.
There is a reason why so many tribes threw in with Cortez. The Aztecs were monsters, and the other tribes wanted to see them go down, even if it meant the Spaniards would be their new masters. Turns out the Spanish were far more benevolent than the Aztecs. The Aztecs called themselves “meshica”, which is the root of the name “Mexico”
her country has civilizations dating back thousands of years’
So does Canada.
Here in TN the TVA keeps them in cardboard boxes awaiting reburial. Currently they are too busy with other tasks like cutting relief channels in their dams due to that pesky expanding concrete problem that only happens to people with fancy pools. I’m sure they’ll get to it eventually.
The Mexicans look down at the tent dwelling North American tribes. One of Cortez’s men, Bernal Diaz del Castillo documented the conquest of the Aztec Empire and it’s capital city, Tenochtitlan, which he said rivalled European cities, which I think is an exaggeration as the mesoamericans were still a stone age people who lacked the metalsmithing and had not invented the wheel. They wrote in hieroglyphs. Where they more advanced than the plains indians? Sure, but that’s a low bar. Oh, and they thought Cortez was a gid when he first arrived and sent him bribes when he landed on the coast, hoping he would go away,
Anyway, the Mexicans take great pride in this. If you tell them that the Aztecs were no different than say the Iroquois or the Pueblo indians, they will take great offense.
Private refugee sponsorship pause an ‘unfortunate reality’: minister
The government’s decision to pause most private refugee sponsorships is because there is an “oversupply” of applications and Canada doesn’t want to give people fleeing war zones false hope, Immigration Minister Marc Miller said Tuesday.
The government quietly posted a notice on its website on Nov. 29 saying it would not accept any new privately sponsored refugee applications from community organizations and groups of five or more individuals until Dec. 31, 2025.
Immigration officials say there are more than 90,000 private refugee applications awaiting processing. Over the next three years, the government plans to admit 66,000 privately sponsored refugees.
“When it comes to private sponsorships, there’s an oversupply of folks out there, so it’s about being real with Canadians and making sure when we make those dedicated commitments to resettle those fleeing war or oppression that we’re doing it in the right way and not entertaining false hope,” Miller said as he left the weekly cabinet meeting in Ottawa. “So it’s an unfortunate reality of the situation that we’re in.”
https://www.msn.com/en-ca/news/canada/private-refugee-sponsorship-pause-an-unfortunate-reality-minister/ar-AA1vd79M
Millennials helped elect Trudeau in 2015. Nearly a decade later, they’re turning to the Conservatives
Polls suggest inflation, souring attitudes toward immigration and fatigue with the federal Liberals are changing generations that were once optimistic for change
Back in 2015, Cisco Armstrong was so inspired by Liberal Leader Justin Trudeau that nothing was going to stop him from voting in the federal election.
He and his now wife were going abroad and would miss the election, so they voted early to make sure they could register their support for Mr. Trudeau. “He symbolized progress,” says Mr. Armstrong, who is now 35 and lives outside Sherbrooke. “It was inspiring to vote for change.”
“He was almost designed to appeal to millennials,” says David Coletto, chief executive officer of Abacus Data, a polling firm headquartered in Ottawa. “He reflected a mindset of the public, but particularly among young Canadians, who wanted to change from the Stephen Harper years. And he was the complete opposite of Stephen Harper. He was dynamic, charismatic, dramatic. A celebrity. It was just this perfect moment where I think young people were looking for somebody to get their own version of [Barack] Obama.”
Nearly 10 years later, much has changed. The Liberal Party has trailed in the polls by double-digits for more than a year, and some MPs and party members have called on Mr. Trudeau to step down as Liberal Leader. The NDP has pulled out of its supply-and-confidence agreement supporting the Liberals, and Mr. Trudeau has gone from inspiring to anathema in many voters’ minds.
And Mr. Armstrong, now in the early stages of his career in environmental conservation and raising two children, ages 6 and 2, says he is “highly considering” voting for the Conservatives in the next federal election, set for no later than October.
He points to what he says are the Trudeau government’s “scandals” – most notably for him the SNC-Lavalin affair, which led to the resignation of two cabinet ministers and put the Prime Minister’s style of governing under a microscope. Above all, Mr. Armstrong says, he worries about the high cost of living since the pandemic.
“As you age, responsibilities change, and your value systems change. Your concern for saving the world is kind of trumped by taking care of your kids and paying bills,” he says.
Polling by the firm has also found that millennials and Gen Z are more likely than older generations to rate immigration as a top concern, seemingly confounding what many might suppose to be their support for tolerance and openness, Mr. Coletto says.
“I still think those are key values,” he says. “But what’s overtaken them is a sense of scarcity. And so the short-term scarcity of not being able to afford a home, about feeling insecure about where the economy is going and how fast it’s changing, has taken precedence.”
Coming out of the pandemic, the optimism that led many young voters to support Mr. Trudeau has now turned to bitterness. “Millennials have become the most angry, frustrated, anxious generation,” Mr. Coletto says.
A Leger survey conducted earlier this year found 54 per cent of Gen Z and millennials think previous generations are “rigging the system” for their own benefit and making it harder for younger generations. “The meat grinder that was COVID and then high inflation has left this group pretty bruised,” says Andrew Enns, who conducted the Leger poll.
Philippe Mathieu, a 26-year-old teacher in Sudbury, says the Liberals’ handling of immigration is just one example of their mismanagement of the economy.
“To be clear, I am pro-immigration. But there have been record number of population increases without the appropriate housing to sustain it,” he says.
Proof of the Liberals’ failures can be seen almost everywhere he now looks, Mr. Mathieu says.
“I look at the price on the shelves. I look at the prices of homes. I see all these people on the streets and I ask myself the question: Does this look successful?” he says. “I’m not sure I would call myself a Conservative. I don’t think so. But I just don’t see any other way of voting right now.”
https://www.lakelandtoday.ca/beyond-local/millennials-helped-elect-trudeau-in-2015-nearly-a-decade-later-theyre-turning-to-the-conservatives-9900022
And Mr. Armstrong, now in the early stages of his career in environmental conservation
Translation: he’s still a leftist. But he’s also tired of inflation, crime and the tsunami of immigrants. So he will hold his nose and vote for Poilievre, at least in this election.
“support for tolerance and openness”
The past 4 (or 10) years have only proven why you don’t let the camel’s nose into the tent. The globalist narrative of tolerance and openness isn’t going to work anymore.
I have mentioned that Medical Insurance Companies have been getting kickback on the med billings that are bogus.
A CEO of biggest Health Insurance Co. was shot and killed in New York, and gunman still at large.
The only real surprise is that it doesn’t happen more often.
He wasn’t even walking his dog.
I have a hunch that other healthcare CEOs are scrambling to hire bodyguards.
Californians pay billions for power companies’ wildfire prevention efforts. Are they cost-effective?
From 2019 through 2023, the California Public Utilities Commission authorized the three largest utilities to collect $27 billion in wildfire prevention and insurance costs from ratepayers, according to a report to the Legislature.
And the costs are projected to keep rising: The three companies — Pacific Gas & Electric, Southern California Edison and San Diego Gas & Electric — continue to seek billions more from customers for wildfire prevention spending. Rates are expected to continue outpacing inflation through 2027.
Fire safety projects are a big part of the reason that Californians pay the highest electric bills in the nation, outside of Hawaii. Other reasons include rooftop solar incentives, new transmission systems and upgrades for electric vehicles.
Higher electric bills have helped fuel a statewide affordability crisis alongside soaring housing prices, expensive groceries and costly gasoline. Small businesses are feeling the burden, along with the state’s poorest residents: One in three low-income households served by the three utilities fell behind in paying their power bills this year.
Loretta Lynch, a former head of the state utilities commission, said lack of oversight is a problem, with the commission “rubber-stamping outrageous costs” and allowing the companies to “address wildfires in the most expensive, least effective way possible.”
One of the biggest controversies is whether the utilities should be spending so much on burying power lines, an extremely costly and slow process.
Last year, a state audit concluded that the utilities commission and the state’s advocates office must do more to verify whether utilities were completing the work they sought payment for.
One problem, critics say, is that the safety plans are approved by one government entity while the spending to carry them out is approved by another.
“We now have this very odd system,” said Lynch, who served on the utilities commission from 2000 through 2004. “The Office of Energy Infrastructure Safety reviews the plans, puts out guidelines, but then the (commission) still has to ratify the plans, so that the utilities can take money from their ratepayers.”
Burying lines in high-risk areas improves reliability amid rising wildfire risks and extreme weather, Sumeet Singh, PG&E’s chief operating officer said. Though it’s pricier up front, it eliminates the yearly expense of trimming trees and vegetation, which makes it a better, long-run value for customers, he said. “Underground is a no-brainer when you look at it from that lens,” Singh said. But the high cost and the time it takes to do the work has left some skeptical. The company has buried 800 miles of wires underground since 2021, and plans to bury more than 1,600 by the end of 2026. It aims to get the cost per mile down to $2.8 million by the end of 2026 from $3 million at the end of 2023.
https://www.msn.com/en-us/news/us/californians-pay-billions-for-power-companies-wildfire-prevention-efforts-are-they-cost-effective/ar-AA1vcK6n
Republicans won a Michigan House majority. Here’s what’s next for Whitmer, Dems | Opinion
The November elections shifted power in Washington — and brought a new check on Gov. Gretchen Whitmer in Michigan, as Republicans regained control of the Michigan House of Representatives, after just one term of a Democratic trifecta in Lansing.
Any Democrat claiming surprise should feel embarrassed; the party ignored the advice of its own soothsayer, James Carville — “It’s the economy, stupid” — an insight Republicans took to heart.
Expect the next few weeks in Lansing to be hectic. Democrats know their opportunity to determine the menu is waning, and they’re putting everything they possibly can onto the plate.
Republicans are gearing up for a new legislative session in which they’ll exercise just enough power to stop Whitmer and the Senate Democrats from pushing their desired legislative agenda, while trying to advance the Mission for Michigan agenda that was part of Republicans’ campaign platform.
But Democrats aren’t going to give up their legislative majority without attempting to put a few items in the wins column.
And it is surely not lost on Whitmer that these next few weeks are her last chance to advance her own agenda. While her name wasn’t on the ballot, the agenda Democrats have enacted over the last two years has been signed into law by Whitmer — and some of those votes came back to haunt some swing district members. Decreased school funding — both for mental health and safety — and a push for state-level control over land use, signed into law by Whitmer, both featured prominently in House Republican campaigns.
But Democrats won’t back down from codifying as much as they can before Dec. 31.
Over the last two years, House Democrats joined Whitmer and the Democratic-controlled Senate to repeal Michigan’s right-to-work laws, enact gun control measures, loosen abortion restrictions and limit local control over land use.
In short, Democrats prioritized issues that resonated mainly with select members of their base and key fundraisers, not the everyday concerns of Michigan voters.
Come January, Michigan lawmakers will have to work across the aisle. With a divided government, once again, both parties will have to learn to communicate with each other to keep the government’s wheels moving. This won’t be easy. There is little to no (public, at least) love for the other side of the aisle in the Legislature, and right now it appears cooperation is so elusive that some insiders believe government may just grind to a halt.
If I were leading the House Republicans, I’d focus on the issues that Whitmer and the Democrats have failed to address: affordable housing, improving literacy and supporting law enforcement recruitment and retention.
I’d prioritize kitchen table issues that impact everyone in the state. I’d look to reduce taxes, incentivize entrepreneurship and push to reinstate more frequent and stringent teacher performance evaluations.
Beyond this, I’d hold hearings to examine how the Whitmer Administration has spent every dollar while Democrats dominated government. Have contracts or grants gone to friends of the majority party? Have sweetheart deals been struck that the public isn’t aware of? Have other non-disclosures been signed?
House Republicans have a significant opportunity to stop Dems from further reshaping Michigan’s government. But it will take hard work — and a strong backbone — to make it happen.
https://www.msn.com/en-us/news/politics/republicans-won-a-michigan-house-majority-heres-whats-next-for-whitmer-dems-opinion/ar-AA1vbkmp
George Clooney Reportedly Furious at Barack Obama After His Bold Demand Makes Actor a Scapegoat for Kamala Harris’ Presidential Defeat
It seems actor George Clooney is still facing backlash for advocating that President Joe Biden drop out of the 2024 presidential election months before U.S. citizens were set to cast their ballots. But a recent comment from an alleged insider suggests that the “Wolfs” star wants to drag his friend, former President Barack Obama, into the controversy with him.
Radar reported that the unnamed tipster said, “George is furious with Obama for disappearing after the election disaster and leaving him holding the bag for pushing the plan with his Hollywood pal.”
“Obama and Clooney have been tight for years,” the outlet reports it was told by the anonymous mouthpiece. “And George became Barack’s surrogate in leading the charge for Joe to step away. Barack knew he would look like a traitor if he publicly called for Joe to be cut loose. And now, he’s trying to walk away from it all.”
In July Clooney wrote a scathing op-ed in The New York Times where he expressed his love and support for the president but strongly urged him to abandon his campaign for the country’s sake after a disastrous performance in the first presidential debate.
“We are not going to win in November with this president,” he said in the piece, suggesting several alternatives. He even addressed concerns about shifting gears.
“All of the scary stories that we’re being told about what would happen next are simply not true. In all likelihood, the money in the Biden-Harris coffers could go to help elect the presidential ticket and other Democrats,” he wrote, offering, “The new nominee wouldn’t be left off ballots in Ohio. We Democrats have a very exciting bench. We don’t anoint leaders or fall sway to a cult of personality; we vote for a president.”
But now that the “cult of personality” actually hurt the replacement candidate, Vice President Harris, who is widely regarded as one of the most qualified to ever run for the top office, Clooney has become the target of many jokes from low-information commenters and trolls.
On social media, some even blamed him for the devastating loss: “It’s all George Clooney’s fault!” “George feels duped and vows he’s not going to be anyone’s political water boy anymore,” Radar also reported its alleged insider said.
The person adds that the “The American” star “feels he stepped up and took a bullet for the team, and now everyone’s complaining about the bloodbath.”
Clooney, according to Radar, reportedly is upset that despite other celebrities aligning themselves with the Harris-Walz campaign — like Beyoncé, John Legend, Taylor Swift, and Eminem — people are only focusing on him.
“He thinks Obama should come forward and say that George did the right thing and it isn’t his fault that it didn’t work out,” the alleged source said. “But he doesn’t expect that will be forthcoming, and it’s left George feeling like a patsy.”
https://www.msn.com/en-us/news/politics/george-clooney-reportedly-furious-at-barack-obama-after-his-bold-demand-makes-actor-a-scapegoat-for-kamala-harris-presidential-defeat/ar-AA1v50aD
Funny how no one on the left saw a problem with initially setting FJB up for the nomination, as if none of them had a clue that he was senile. Maybe if they had put him out to pasture before the primaries they might have been able to nominate someone better than Cameltoe.
“But now that the “cult of personality” actually hurt the replacement candidate, Vice President Harris, *who is widely regarded as one of the most qualified to ever run for the top office*, ”
Notice how MSNBC slipped that little gem in there?
News flash: the long the CV doesn’t make her look qualified. It only makes her look even more like a serial DEI hire who failed up.
one of the most qualified to ever run for the top office
Cue in the Critical Drinker’s maniacal laughter
SNL’s Leslie Jones goes on unhinged tirade about white people and Trump:
Gavin Newsom: “Do you think there’s this this current sort of the more the extreme of what you’re just saying and sort of distillation in the last few years, I sense in particular was a reaction to George Floyd?”
Leslie Jones: ” I think that some of us lost our fucking minds. We don’t understand what’s going on with our government. Our government is supposed to be boring, you know what I’m saying? We’re not supposed to turn on the TV every day and see child molesters and felons and shit in our government.
https://x.com/EricAbbenante/status/1863644525710942259
3 minutes.
Historical revisionism on Covid threatens NZ’s pandemic preparedness
There are many important lessons to be learned from the Covid-19 response to better deal with the next pandemic, but we are unlikely to learn them if our memories of the pandemic are distorted by a refusal to acknowledge what we did well.
The release of the report of the first phase of the Royal Commission into the Covid-19 Response provides an opportunity to begin taking stock of those lessons and implementing the 39 recommendations laid out by the inquiry.
Instead, the focus from political leaders and commentators alike has been rear-facing, cherry picking parts of the report to construct a narrative that downplays the ultimate success of New Zealand’s pandemic response. Conventional wisdom in 2024 seems to dictate that the Covid-19 response was an overreaction, but that conventional wisdom is wrong.
“Our health system was never overwhelmed by Covid-19 cases, although it was often strained in other ways. While our use of lockdowns was among the most stringent in the world, it was relatively sparing: we spent more of 2020 free from onerous restrictions than people elsewhere,” the commissioners write in the opening to the 700-page report.
The response to the Royal Commission report has disproportionately focused on the areas where the commissioners critiqued the scope (but not the use) of vaccine mandates or lockdowns. These were certainly areas for improvement.
But by attempting to retroactively cast the Covid-19 response and all of the tools that comprised it – including lockdowns and mandates, but also contact tracing, the QR code app, mask requirements, border closures and more – as failures, we risk undermining any future attempt at a pandemic response.
The risk, specifically, is that this zero sum narrative becomes the most widely accepted understanding of the pandemic, despite its clear flaws. This could occur if the loudest – and perhaps only – voices still discussing Covid-19 are those who are pushing this faulty view.
In the United States, we can see the dangers of letting the backlash to Covid-19 protection measures dominate the narrative. There, incoming US President Donald Trump is stacking his administration with people who have downplayed the pandemic and raged against the response since day one.
https://www.msn.com/en-nz/news/national/historical-revisionism-on-covid-threatens-nz-s-pandemic-preparedness/ar-AA1v889f
I remember a story about some kiwi who was arrested for going on a KFC run in his car.
Australia? It was happening in the US too, especially in Comiefornia.
https://www.latimes.com/california/story/2020-04-03/paddle-boarder-arrested-in-malibu-after-flouting-coronavirus-closures
So wild thing happened here.
next year’s tax bills come out in first week of December (not due until next year). Assessments are done in June and mine (and everyone else’s) went up. It’s a relatively high property tax state.
They said in (online) local news that they would be delayed a week cuz the legislature had a special tax reduction session and one local bond got paid off and the school district (the major part of it) changed their tax rate.
My bill showed up yesterday.
it went DOWN over 20%. DOWN. (despite the assessment going up).
unbelievable, i was blown away. And my insurance didn’t go up that much (about 10%, not unreasonable).
Just thought I would throw in one crazy data point.
The protocol in many Hospitals is to deny patients life saving procedures and talk patient into hospice or palliative care at home. Termination of patients before they are really terminal and denial of life saving measures or life extension they are entitled to under their insurance.
A basic collusion with Big Pharmacy, Insurance Companies and Medical providers on gas lighting
Patient and family into suspension of medical care.
Ok, so people that refuse to be denied medical care, are gas lighted repeatedly to agree legally to hospice/palliative care , to die at home premature.
This is mostly being done to older patients, in spite of it being against the rules for age discrimination in medicine.
I know of case where hospital deprived a older person of food and nutrition . They went to a second opinion Dr who said patient is dying from starvation, and will die if this isn’t addressed.
But, the biggest elephant in room is that the failed MRNA technology vaccines, has not been taken off market and they are putting this killer technology into more products, such as bird flu vaccine they are stockpiling.
As long as this not fit for human or animals consumption vaccines are given a pass, as “safe and effective” than the Government Powers have a agenda of harm and won’t terminate this killer /injury technology. Just ongoing cover up of massive deaths and injuries.
If they do a Bird Flu panademic, as they seem to be stock piling for, I would not take any vaccine they claim will save you.
Unbelievable
If they do a Bird Flu panademic, as they seem to be stock piling for, I would not take any vaccine they claim will save you.
That goes without saying.
And as retiree healthcare spending keeps soaring, expect to see more cost cutting and refusal to treat.
[Finally …]
“Cancel Me!”: NYC Mayor Vows To Work With Trump On Mass Deportations.
Says ‘cancel culture’ is making people too afraid to tell the truth.
[“Is making people too afraid to tell the truth”? How about ‘”has made people too afraid to tell the truth”.]
https://modernity.news/2024/12/04/cancel-me-nyc-mayor-vows-to-work-with-trump-on-mass-deportations/
[Here ae some snips from the article …]
New York City Mayor Eric Adams no longer cares what leftists think about him opposing mass illegal immigration into the city, saying he will work with the incoming Trump administration on mass deportations, and urging that he doesn’t care if he’s ‘cancelled’ for it.
“I reached out to [Trump] and I shared that I would like to sit down and speak with him to hear what are his ideas, because I don’t want people talking at each other, I want people to talk to each other. And I made it clear that I’m not going to be warring with this administration, I’m going to be working with this administration,” Adams declared.
“President Trump is the president-elect, and whomever he chooses to run his agencies, I’m looking forward to sitting down and seeing how do we better New York,” Adams continued, adding “The voters communicated loudly and clearly. We have a broken immigration system that needs to be fixed.”
Adams also asserted that “Those who are here, committing crimes, shooting at police officers, raping innocent people, have been a harm to our country,” adding “I want to sit down and hear their plan on how to address them,” referring to Trump’s incoming Border czar Tom Homan.
The Mayor continued, “Those are the people I’m talking about and I would love to sit down with the Border czar and hear his thoughts on how we are going to address those who are harming our citizens.”
He also pointed out that if you “go back and google Hillary Clinton and Barack Obama, Google what they said about those who commit crime in our city and what they said in our country. They said ‘those who commit crimes need to get out right away.’ That was their position, so this is not a new position.”
He was referring to this snippet of Clinton from 2008 that has been doing the rounds recently.
Adams urged that ‘cancel culture’ is making people too afraid to tell the truth, proclaiming “Well, cancel me, because I’m going to protect the people of this city. And if you come into this country and this city and think you’re going to harm innocent New Yorkers and innocent migrants and asylum seekers, this is not the mayor you want to be in the city under.”
Adams seems to have become much more willing to act outside of Democratic Party lines since they came after him with federal charges when he dared to express ‘wrongthink’ by criticising the Biden Administration for embracing mass illegal immigration.
“We ALL should be angry at what happened to our city under this administration!” Adams exclaimed.
He also praised the new Department of Government Efficiency and said he looked forward to working with Elon Musk:
Adams referred to his own criminal case when he was asked about the pardon for Hunter Biden, noting there was “almost a level of irony,” and saying Biden and Trump “now agree on one thing: The Biden Justice Department has been politicized.”
“Does that sound familiar?” he quipped, adding “I rest my case.”
While some praised Adams after the comments, others still don’t trust him.
And if you come into this country and this city and think you’re going to harm innocent New Yorkers and innocent migrants and asylum seekers
Notice how he covered his keister? He only wants to deport the “bad hombres”. The rest of the freeloaders are still welcome in NYC.
Uncle Tom.
The Real Estate Market Has Already CRASHED
Diane Neto – BARRIE REAL ESTATE
1 day ago
https://www.youtube.com/watch?v=54SU9ZCE5aQ
18 minutes. Comments:
The Crash has already started, glad I sold my house last week. Going to sit on my proceeds and invest into the S&P. Canada’s housing market is a mess
Everyone just stop asking hard working people to crash the prices of their own home we’re not going to do it! Just nag the damn government to lower interest rates back to somewhat normal 6 years ago only thing you can do.
I love watching you guys because you illustrate the brokenness of CAD real estate. Your upset that new buyers can’t qualify at 6% and are just waiting for rates to drop. Even though historical rates are above 7%. So why can’t they qualify? Because the prices are too high, why? Because of RE speculation. Everybody does it in Canada because no other option exists to protect your wealth from .gov induced inflation. There are no good young CAD companies to invest in because innovation is a joke, there are no good energy/geo plays because of climate hysteria and there are no decent fixed income plays because of .gov/central bank control…..so what’s left? Buy a precon and double your DP in 3 yrs cuz RE always goes up…
Your flush of new home buyers is going to dry up when the recession really starts rolling.
In my opinion the rates went way too low compared to historic norms. That contributed to the fast overvaluation of houses. People couldn’t make any money with their savings.
Lots to unpack for sure. Immigration is taking a u turn. Trump factor should help us out but price’s have long way to come down. Average family cant afford it. Lots of premium spots and rentals up for sale..
Great idea, 50 yr amortization 😂 you make your grandkids pay off the mortgage
[Some interesting happenings from Down Under …]
Renewables Star state “urgently” wants to force two diesel plants back to stop blackouts.
Going Green with Diesel
Back in February, South Australia was the Renewables Wonderland basking in the thrill of driving two diesel plants out of business. The remarkable transition had claimed two new fossil fuel scalps. But the farce of last week’s near blackout in Sydney must have scared the management in South Australia. Suddenly this week, the government announced it wants to change the rules and force those mothballed diesel plants back into action.
The Frankenstein economy fails (again)
The government created a monster — an artificial market that favoured random energy and drove dependable power out of business. So, not surprisingly, now they have to do emergency market surgery and spend even more money, to force Engie to reopen these uneconomic plants.
The fact that essential plants are “uneconomic” only shows what a Quasimodo market this is. If the rules favored the cheap reliable electricity (that customers want) instead of hobgoblin-electrons that change the future weather (maybe), no one would have to order Engie to restart the plants. They wouldn’t have gone out of business. Instead, a bunch of unreliable wind farms and fields of glass would never have been created. No one could afford to build them with their backup or their batteries or their 1,000 miles of wires.
Excuses, excuses
It’s not that the South Australian government has only just realized summer has arrived (unexpectedly in December), apparently it’s because the interconnector they’re building to NSW is 12 months behind schedule. Which might make sense, except it was not scheduled to finish until mid 2026 in any case:
Mr Koutsantonis has warned the forecast for the reliability of power supply in SA this summer – which shows a predicted shortfall of 200 megawatts — has been underestimated because the AEMO has not accounted for the delay in a new interconnector with New South Wales.
It [EnergyConnect] was due to be completed by July 2026 but is currently about 12 months behind schedule.
Somehow we’re supposed to believe the blackout risk is higher this summer because a high voltage line that dead-ends 900 km away should have reached a couple of hundred kilometers closer. Like that would help…
In the next breath the Energy Minister admitted that this is really about what happened in Sydney last week:
Mr Koutsantonis argued energy operators needed greater powers to bring back thermal generators “to address reliability risks arising during the peak demand periods expected from December 2024”.
Speaking on 5AA radio on Monday, Mr Koutsantonis said: “given what happened in New South Wales last week, when they had one 40 degree day and they were nearly short on power, and told people to turn their air conditioners off and not turn dishwashers on, if we rely on an interconnector to New South Wales and it’s hot across the entire national electricity market, we’re in trouble”.
The South Australian Energy Minister has just realized that even when the $2 billion dollar interconnector is finished, they don’t want to rely on our most populated state’s electricity grid, because it’s a debacle.
Is this the moment when the fantasy of saviour interconnectors came undone?
South Australia has walked the plank right out to 70% renewable energy, a feat only possible because of they are just 6% of a larger stable system. So far the baseload power in other states could keep the lights on in South Australia, and interstate homes and factories could soak up their excess solar and wind power. But every state can’t play the same game at the same time.
South Australia was the Show Pony for renewable energy, but it was an illusion based on reliable energy hidden in other states.
Now finally the Energy Minister of South Australia gets it:
“Every state should have sufficient capacity to look after itself first and not rely on other jurisdictions,” he said.
These two diesels plants are not large, but in South Australia every little bit of dependable energy matters. Engie, the French electricity giant owns the 75 megawatt (MW) Port Lincoln plant and the 63MW Snuggery plant that were closed in July this year.
Apparently they were mothballed after the Federal government got puritanical about their “capacity investment scheme” they ruled out fossil fuel generators. (Reneweconomy) But we didn’t need “capacity investment schemes” before we had renewable subsidies, and if we had a free market in “capacity” the diesel generators could still have saved the day. At this point, we’re up to second and third order screwiness in this market. There are bandaids on the bandaids and no end in sight.
Apparently they were mothballed after the Federal government got puritanical about their “capacity investment scheme” they ruled out fossil fuel generators.
Everything the government (of any country) touches turns into sh!t. But they are true believers in warmism, so they mothballed all of their reliable sources of power. And I doubt bringing those powerplants back online wil involve just flipping a switch. For starters, I’m sure whoever used to supply their diesel fuel doesn’t have a some stashed away for them. Contracts will have to be signed, it will have be purchased, shipped and stored. Meanwhile it’s summer in Oz, so turn off your A/C and don’t run the washer during daytime.
IMF and WEF, ongoing saying the only way to deal with Climate Change is by more severe lockdowns and policies directed the most at Western Civilization.
Now, if you think you should be locked down and deprived, pursuant to a bogus Climate Change Emergency narrative, as you were locked downed over Covid 19, than you have bought into the biggest frauds in history.
Food for thought: The Irish had their elections on Sunday. They “reelected” the WEF globalists who are flooding the island with 3rd world invaders. There are allegations that that there was ballot box stuffing.
The fight isn’t over. DJT’s election is but the first skirmish in this war.
I wouldn’t want to be an Irish woman right now. Red hair, pale skin, green eyes… Nothing is more desirable to young men.
Gingers are a minority even in Ireland. But yeh, I’ll bet some of the “new Irish” want some.
From what I have heard Dublin hasn’t been this unsafe in decades. A colleague who lives there was assaulted by some “newcomers”, who broke a few of his ribs.
“Red hair, pale skin, green eyes…”
Add long slender legs, generous thigh gap and an athletic gait.
The CEO of United Healthcare was shot and killed in Manhattan this morning, per CNBC.
Reports are that it wasn’t a random shooting.
oh no
anyway.
“…was shot and killed…”
Better than falling out of an open window.
Probably a disgruntled person who had a close family member killed by the medical system.
agreed it was personal. ++++++++++
French government of Michel Barnier toppled after losing no-confidence vote – Europe live
Three-month-old government felled by combined vote from parties of left and far right over controversial budget
The minority government of Michel Barnier has lost a no-confidence vote in parliament, making it the first administration to be ousted in such a way since 1962 and the shortest-lived government of the Fifth Republic.
A total of 331 MPs voted in favour of the motion presented by the leftist NFP alliance, with a majority of 288 needed to bring the government down.
Barnier, a veteran conservative who has held the post of prime minister for barely three months, is now obliged to tender his resignation, and that of his government, to the president, Emmanuel Macron.
The result deepens France’s political crisis and marks a significant blow for the European Union at a time when Germany is also mired in a parliamentary election campaign until February and weeks before Donald Trump returns to the White House.
https://www.theguardian.com/world/live/2024/dec/04/france-government-vote-no-confidence-barnier-lepen-europe-live
If they can’t form a new government then new elections will be needed. What can really get interesting is that elections are held and they still can’t form a new government. This could be LePen’s chance to get a majority in their parliament.
Mexican Officials Dissolve ‘Migrant Caravan’ Headed to US, Activists Say
Authorities in Mexico dissolved two caravans of would-be illegal immigrants heading to the United States, just days after President-elect Donald Trump warned he would levy a 25 percent tariff on imports from the country.
Migrant activists said this week that some were bused to cities in southern Mexico, and others were offered transit papers. Migrant rights activist Luis Garcia Villagran said the breaking-up of the two caravans appeared to be part of “an agreement between the president of Mexico and the president of the United States.”
The first of the caravans started out from the southern Mexico city of Tapachula, near the border with Guatemala, on Nov. 5, the day Trump was elected. At its height, it had about 2,500 people. In almost four weeks of walking, it had gone about 270 miles to Tehuantepec in the state of Oaxaca, activists said.
In Tehuantepec, Mexican immigration officials offered the migrants free bus rides to other cities in southern or central Mexico, members of the caravan and activists said.
“They took some of us to Acapulco, others to Morelia, and others from our group to Oaxaca city,” said Barbara Rodriguez, an opposition supporter who left her native Venezuela after that country’s contested presidential elections earlier this year.
The second caravan of about 1,500 migrants set out on Nov. 20 and made it about 140 miles to the town of Tonala, in Chiapas state, activists say. There, authorities offered a sort of transit visa that allows travel across Mexico for 20 days.
The Mexican National Migration Institute (INM), in a post on X and in a statement, appeared to confirm activists’ reports that at least one caravan was broken up by officials.
However, in its two statements, the agency denied claims the government “deceives foreigners who decide to abandon their transit through caravans and accept the transportation service offered by immigration authorities to move to different points where they have medical services and their immigration status is reviewed,” according to a translation.
The INM said that it also has “not received any complaints from foreigners who have opted for this aid, since when accepting it they expressed that they did not want to face more risks in their path,” according to the statement.
“At no time has the INM promised them anything that the institution has not fulfilled,” it said.
What’s more, it said, INM found girls, boys, and other “vulnerable people” within those caravans. Those people were removed from the caravans and referred for care to other government agencies under Mexican law, the agency said.
At the end of November, Sheinbaum confirmed that migrant caravans, which travel through Mexico to reach the southern U.S. border, would no longer arrive in the United States.
“You may not be aware that Mexico has developed a comprehensive policy to assist migrants from different parts of the world who cross our territory en route to the southern border of the United States,” she said, according to a translation provided by the embassy.
https://www.theepochtimes.com/world/mexican-officials-dissolve-migrant-caravan-headed-to-us-activists-say-5769880
There, authorities offered a sort of transit visa that allows travel across Mexico for 20 days.
Not exactly sending them home, are they?
Barbara can soak up some of that rich culture.
‘I don’t have that kind of cash sitting around,’ DuBois said. For DuBois, the situation feels unfair. He says he doesn’t want to pay the assessment but also doesn’t want to risk foreclosure if he doesn’t. ‘I feel like the victim of an unfortunate set of circumstances that happened a couple of years ago and now all the condo owners in Florida are paying the price for it’
You’ll find the money John, if you are a winnah!
‘They lured patients into their programs by offering kickbacks, such as free or low-cost living arrangements in ‘sober living homes’ in highly desirable locations throughout California, the suit asserted. ‘In reality, the sober living homes were little more than drug dens, used to ensure patients remained in Defendants’ treatment ‘programs’ for as long as possible…. ensuring reliance on treatment rather than recovery from treatment’
That’s some central planning right there.
Doing god’s work.
‘Jacqueline and Leo Francis made a fantastic profit on the first condo they bought in Toronto in 2013. They paid $300,000 for the unit and sold it in 2022 for $800,000. The second condo they bought was a preconstruction unit near a busy shopping mall in north Toronto…But this one is bleeding cash…The next preconstruction condo they bought is near the city’s Beaches neighbourhood in the east end. They partnered with another couple and closed on the $840,000 unit in May, after securing it with a deposit in 2021. It’s also bleeding cash. The owners have two mortgages on the unit. With other condo expenses, the monthly costs work out to around $6,700. The monthly rent they receive is $3,650’
They had a big win, bet it all and got fooked. Classic HBB story.
‘One neighbour complained of a racket from the site when work was going on and called it ‘noise pollution.’ He said: ‘I was woken up every single morning. The noise interfered with me every day. It was the last little piece of green of any substance in that area.’ And he added: ‘These houses are just not high quality. They have been open to the elements for months. Would you want to buy a house that has been left open to the elements like that? Those houses are in such a state I wouldn’t buy one’
It’s still way cheaper than renting neighbour.
The Final Blow For Toronto Condos (GTA Condo Real Estate Market Update)
Team Sessa Real Estate
27 minutes ago
This episode looks at the current GTA Condo Markets – Toronto, York Region & Peel Region for the week ending Nov 27, 2024. We also discuss how next years pre-construction closings, which reflect amongst the peak in price will make for a very challenging time for folks.
https://www.youtube.com/watch?v=aOQWYhbWMMA
15 minutes. At 1:50, ‘there’s a big gap.’
At 4:10: ‘half maybe.’ 6:20, ‘they bought at the absolute peak.’
‘they bought at the absolute peak.’
IOW, the slope of the appreciation line was zero.
New images show suspect in fatal shooting of UnitedHealthcare CEO
ABC News
7 hours ago
ABC News has obtained images that show the suspect in the fatal shooting of UnitedHealthcare CEO Brian Thompson.
ABC News contributor and former NYPD Chief of Detectives Robert Boyce has what’s next in the investigation.
https://www.youtube.com/watch?v=ROrrqLd9ypE
2 minutes.