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I Guarantee The Value Of Our Property Has Easily Halved

A report from CBS Colorado.”Shannon Lofland, a 21 year veteran of the Arapahoe County Sheriff’s Office, resigned this week in the midst of a department internal investigation into her performing in adult videos, jobs she says she took ‘out of desperation.’ She said a massive storm in June of 2023 caused an estimated half a million dollars in hail and water damage to her home that her insurance company would not cover. Additionally, she said rising interest rates contributed to her adjustable rate mortgage tripling in cost over the last three years. Foreclosure proceedings were started on her house. Increases in everyday expenses like utility bills, gas and food costs made things worse. She said she borrowed money from her family, cut spending and tried everything, but needed a fast influx of cash to keep the debt collectors and foreclosure at bay.”

“In a short period of time, she said she made enough money to make her monthly mortgage payment. ‘My actions have been made out of desperation. ‘Some may judge and say there are ‘better’ ways to make money, but at the time I had no other lucrative means for doing so,’ said Lofland. ‘I loved being in law enforcement,’ said Lofland, who said she is now pondering her future. Will she continue making adult videos? She has not ruled it out, but has not made a final decision. ‘There are many deputies and officers doing what they can to make extra money, with or without permission,’ said Lofland. ‘People are doing what they can to survive at this time.'”

Idaho Statesman. “A large retail development with apartments was supposed to revitalize two city blocks in downtown Meridian. Instead, it faces foreclosure. After failing to pay contractors for months of work, the project’s developer, Boise’s Galena Opportunity Fund, and its subsidiaries have been embroiled in legal disputes for the past two years. One of Galena’s investors had pulled out in 2022, Galena attorney Jim Donoval told the Statesman in February. At the time, Donoval said Galena was ‘avidly’ working to secure alternative funding to be able to finish the project and pay its workers. Then, contractors began filing liens and lawsuits seeking compensation for the estimated $17.3 million of work they had already done. Meanwhile, the unfinished project has been an blight in downtown Meridian. Contractors say they still have yet to be paid. ‘Galena is not paying any of the plaintiffs,’ Okland Construction attorney Tim Conde told the Idaho Statesman by phone.”

NPR on Nevada. “Leaving Las Vegas, where the sprawl once gave way to scrub land and Joshua trees, the desert in many places is being transformed. New industrial scale solar farms go for miles, their neat rows of millions of panels glaring in the sun. And there are a lot more planned, such as the ‘Esmeralda Seven,’ projects near the southwest corner of the state bordering California that would provide enough power for an estimated three million homes. ‘It’s being pushed down our throats,’ says Mary Jane Zakas, who lives near the 100 square mile stretch of high desert where the seven are proposed.”

“Esmeralda County, population 736, is one of the most remote and poorest parts of the country. Zakas sees little benefit from the solar boom other than a few construction jobs. The power, she says, will just get exported to cities at the expense of local viewsheds and wildlife. ‘Imagine, looking out your window any way and only seeing solar,’ Zakas says. ‘It’s the Biden administration at the moment that has told the state of Nevada we have to comply.'”

From WLRN. “Senators from both parties and experts from various fields gathered to tackle the Florida condo crisis — but warned struggling owners that there is no silver bullet for rising costs and that deadlines are not likely to be extended. In fact, Senate Democratic leader Jason Pizzo underlined that owners, including those of the collapsed Surfside building, should not be surprised by the state of affairs. They could even shoulder some of the blame for not having tackled issues until it was too late, he told WLRN. ‘We went 30 years without doing anything, and all of a sudden we’re shocked and surprised that we’re gonna have an expensive sort of wake-up call of tough-love measure?’ he said at the event in Broward.”

Silicon Valley. “With its rows of tidy two-story, tile-roofed, stucco-clad homes and neatly trimmed shrubs, Carolina Villaseca’s Brentwood neighborhood hardly looks like a tinderbox one spark away from erupting in flames and joining the list of wildfire-torched California communities that has spooked insurers statewide and led to sharp rate hikes and lost coverage. Yet in October, Villaseca’s insurer, Safeco Insurance, sent a notice that the annual premium to renew her policy, which already had climbed steeply, would more than double, from $2,700 to $5,770.”

“‘No claims, and the insurance company didn’t have an explanation whatsoever,’ said Villaseca, who’s lived in the home with her husband for nine years. ‘The price has gone up every year, and I would say in the last three years, the price has gone up exponentially. They make it so people can’t afford to renew their insurance.’ Another insurer, Mercury, offered a policy for $3,100, and as shocking as the price was, at least Villaseca found coverage. Her Contra Costa County ZIP code, 94513, had the largest number of home insurance policy non-renewals in the nine-county Bay Area from 2015 to 2024, with about one in every 10 policies, according to a Bay Area News Group analysis.”

The Los Angeles Times. “As President-elect Donald Trump vows to impose tariffs on imports from China, Mexico and Canada, economists are warning that a retaliatory trade war could cause major financial damage for California’s agriculture industry. This year, almond prices have begun to increase again. ‘The market’s rebounding. It’s coming back. Growers are still hurting,’ said Jake Wenger, general manager of the Salida Hulling Assn., which runs an almond-hulling plant in Modesto. ‘This year, people should at least be able to pay their bills, but I do know of growers that have had to sell off some of their land to pay bills, to pay debts, just to stay in business.'”

“Wenger said there are about 110 growers in his co-op, but he hasn’t heard anyone voicing concerns about tariffs. ‘I don’t think anybody’s that worried,’ he said. ‘There are going to be some changes, yep, but we’ll see what happens, what changes do come, and we’ll roll with the punches, like farmers always do.'”

From Agrinews. “For the first time since the end of 2019, farmland values in the 7th Federal Reserve District did not see a year-over-year increase. ‘It’s been quite a run-up in farmland values in the past five years, and now it has petered out, it seems like,’ said David Oppedahl, a Chicago Fed policy adviser, lead ag analyst and AgLetter co-author. Wisconsin had another year-over-year gain in farmland values, but only of 4%. Illinois, Indiana and Iowa had year-over-year decreases in farmland values of 1%, 2% and 1%, respectively. An Illinois banker noted that ‘low grain prices are definitely affecting borrowers’ ability to pay off operating loans.’ Another respondent from Illinois remarked that ‘lower net farm income and cash-flow difficulties will affect land values.'”

“‘Unsurprisingly, given income expectations, forced sales or liquidations of farm assets owned by financially distressed farmers were anticipated to rise in the next three to six months relative to a year ago, as 38% of the responding bankers anticipated them to increase and 2% anticipated them to decrease,’ Oppedahl said.”

The Daily Hive in Canada. “A condo for sale in Vancouver’s Coal Harbour neighbourhood leans on its ocean and mountain views to appeal to potential buyers — as well as its owner, who apparently never even lived in the unit. Apartment 3001 in The Lions at 1331 Alberni Street was listed for sale this week for $1.5 million. To market itself, it leans into the somewhat taboo topic of foreign ownership. ‘Overseas owner, never lived in. Like brand new unit,’ the unit’s description reads. Realtor Jeff Appelbe told Daily Hive remarks about an overseas owner in a sale aren’t uncommon in Vancouver — though those comments usually stay between agents and don’t make it to public listings.’This sums up the problem [with] Vancouver real estate, right?’ Appelbe said. ‘It’s one of a handful of reasons why we are among the least affordable cities on the planet. Money laundering, weak rules, weak enforcement, and bad government policy are other contributing factors.'”

“This owner appears to have owned the condo since 2009 or 2010 — the last time sale activity was recorded for the unit. High mortgage rates are encouraging investor landlords to dump their units, especially for those with multi-year tenants whose rent revenues are no longer covering their increased mortgage payments, Appelbe said. As China’s economy slows down, he’s also seeing owners based there try to cash out of their Vancouver properties.”

GB News in the UK. “Families in a new Northumberland housing estate are living through a devastating ordeal after their £130,000 homes were flooded twice in just six months, leaving many facing financial ruin. The development, built on a former colliery site, has left homeowners in a desperate situation as many are now unable to secure insurance coverage following the repeated flooding incidents. Most devastating of all, it has emerged that the site was known to be at risk of surface flooding when planning permission was granted, raising serious questions about the approval process.”

“Nick Tait, 24, and his fiancée Dionne Humes, 23, exemplify the nightmare facing Crawford Park residents after purchasing their £128,000 two-bedroom semi last September. ‘I guarantee the value of our property has easily halved,’ Tait added. ‘We are terrified every single time it rains.’ The planning failure is further illustrated by the case of Kayley Walker, whose car was written off in the October floods. ‘It’s ridiculous. Nothing was said about a flood risk when we bought the house,’ said Ms Walker. ‘I blame both Gleesons and Northumbria Water. They shouldn’t have built here without proper drainage.'”

Radio New Zealand. “A penthouse apartment in Auckland’s Ōrākei, a house next door to a golf course in Mount Maunganui and a Lower Hutt townhouse are just some of the properties being advertised for sale for significantly less than they were bought for in recent years. The Ōrākei apartment was bought for $6 million in February 2020 and is now listed for enquiries over $5m. The four-bedroom Lower Hutt house was bought for $1.87m in November 2021 and is listed for enquiries over $1.35m. The Mount Maunganui home was bought for $3.29m in November 2021 and has an asking price of $2.85m. The salesperson for the latter property said it was surplus to requirements and the vendors did not live in it. ‘They are selling because they have some commercial interests to pursue.'”

ABC News in Australia. “Federal Financial Services Minister Stephen Jones says state consumer ministers will meet this week to discuss ways to stamp out poor behaviour by retirement village operators. Retired actuary, academic and retirement village expert Tim Kyng, who has assessed hundreds of retirement village contracts, described them as ‘cunningly designed rip-offs.’ The ABC has been flooded with hundreds of emails and messages from retirement village residents and their families. Many of them paint a picture of being financially trapped due to huge exit fees, refurbishment costs and restrictive contracts that include mandatory health checks.”

“Maurine Moore left her retirement village this year with $343,000 after various fees including exit fees were deducted. The 90-year-old paid $490,000 for it almost 15 years ago. Homes in the suburb rose more than 150 per cent over the same period, according to CoreLogic data. The operator put her house on the market for $1.1 million. ‘I would have been happy just to get back what I actually paid for it, but they didn’t even pay that,’ she told the ABC.”

South China Morning Post. “Echo Huang Shaomei, the newly appointed CEO of heavily indebted New World Development (NWD), is facing a host of formidable challenges in the coming months; key among them, how the real estate giant can sell its costly projects without incurring significant losses. Analysts predict that two of NWD’s major upcoming developments in North Point and Wong Chuk Hang will be loss-making, judging from their high land costs and the depressed pricing of recent projects. NWD is expected to price its project with reference to 101 King’s Road, a new residential tower nearby developed by Wang On Properties, said Joseph Tsang, chairman of JLL Hong Kong. ‘Optimistically, the [NWD] project will be breaking even,’ Tsang said.”

“Things look even worse for a coming residential project led by NWD in Wong Chuk Hang, which Tsang expected to be sold at a loss. The ‘package five’ project of the Southside residential neighbourhood – which is co-developed by Empire Group, CSI Properties and Lai Sun Development – was approved in October for a presale, providing 825 units, according to the Lands Department. ‘The price per square foot for primary launches in the area is about HK$22,000, but I expect its construction cost to be around HK$30,000 or even higher,’ Tsang said. The scene looks as bleak across the harbour in Kai Tak, home to NWD’s 1,305-unit joint-venture project. Co-developer Far East Consortium reported a HK$217 million loss for the Pavilia Forest development in the six months ended September 30.”

This Post Has 94 Comments
  1. Additionally, she said rising interest rates contributed to her adjustable rate mortgage tripling in cost over the last three years.

    Anyone who took out an adjustable rate mortgage when interest rates were only 3% is a literal retard.

    1. I’m just surprised that a “21-year veteran” of the police force was able to make a profit on adult content. She must be in great shape in her early 40s.

      1. I was curious too and did a name search. I can’t say she’s unattractive, but porn star material? Seems the porn industry may have lowered their standards.

    2. This i say that every time this comes up. Like how much lower could they possibly get?

      also police officer literal retard…………………….. shocker.

  2. ‘No claims, and the insurance company didn’t have an explanation whatsoever,’ said Villaseca, who’s lived in the home with her husband for nine years. ‘The price has gone up every year, and I would say in the last three years, the price has gone up exponentially.’

    And they won’t pay much or anything if yer shanty burns Carol, that’s how insurance works.

  3. ‘To market itself, it leans into the somewhat taboo topic of foreign ownership. ‘Overseas owner, never lived in. Like brand new unit,’ the unit’s description reads’…’This sums up the problem [with] Vancouver real estate, right?’ Appelbe said. ‘It’s one of a handful of reasons why we are among the least affordable cities on the planet. Money laundering, weak rules, weak enforcement, and bad government policy are other contributing factors’

    It’s been like that for 20 years Jeff. Vancouver especially is crawling with crooks and Chinese mafia and yer guberment hasn’t really done anything about it.

  4. ‘Esmeralda County, population 736, is one of the most remote and poorest parts of the country’

    The county was named after the Spanish word “Esmeralda,” which means emerald. The name was chosen due to the discovery of vast deposits of greenish-colored ores in the region. These ores, resembling the precious gemstone emerald, sparked excitement among prospectors and miners who flocked to the area in search of riches.

    Esmeralda County quickly became a hub for mining activities during the mid-19th century. It was home to numerous mining camps and towns that sprang up in the wake of valuable mineral discoveries. Gold, silver, copper, and other minerals were extracted from the mines, attracting a diverse population of miners, entrepreneurs, and adventurers from around the world.

    The county’s mining boom continued throughout the late 19th century, with several prosperous mining towns emerging, such as Goldfield and Silver Peak. These towns were characterized by bustling streets, grand buildings, and a vibrant social scene. However, as the mining industry declined in the early 20th century, many of these towns faced a gradual decline and eventually became ghost towns, leaving behind captivating remnants of their once-thriving past.

    https://southwestexplorers.com/esmeralda-county-nevada/

    Get em while they’re hot!

    https://www.zillow.com/esmeralda-county-nv/

    1. When I was in the Navy we used to drive from San Diego to Fallon, NV so we would have our POVs with us while we were deployed. That stretch of Nevada is the bleakest place that I have ever been in this country. It was the one place where we would drive quietly praying that our non-computer controlled/non-fuel injected cars wouldn’t break down. We didn’t have cell phones yet either.

      I would never live in Esmeralda county willingly and I like Nevada a lot. At least some of the lots on Zillow have water on them. That might be the only water source you have out there.

      1. “…the bleakest place that I have ever been in this country.”

        So, you’ve never been to U.S. Dugway Proving Ground. 🙂

  5. High mortgage rates are encouraging investor landlords to dump their units, especially for those with multi-year tenants whose rent revenues are no longer covering their increased mortgage payments, Appelbe said.

    Die, speculator scum.

    1. The U.S. is bombing ISIS, while a “former” al-Qaeda affiliate backed by our NATO “ally” Turkey has taken power in Damascus. I’m as befuddled as Joe Biden right about now.

  6. “…department internal investigation into her performing in adult videos, jobs she says she took ‘out of desperation.’

    Additionally, she said rising interest rates contributed to her adjustable rate mortgage tripling in cost over the last three years.”

    Using massive high-risk debt to buy a house is a gateway act of desperation which may lead to even more desperate behaviors.

    1. She said a massive storm in June of 2023 caused an estimated half a million dollars in hail and water damage to her home that her insurance company would not cover. Additionally, she said rising interest rates contributed to her adjustable rate mortgage tripling in cost over the last three years. Foreclosure proceedings were started on her house. Increases in everyday expenses like utility bills, gas and food costs made things worse. She said she borrowed money from her family, cut spending and tried everything, but needed a fast influx of cash to keep the debt collectors and foreclosure at bay.”

      Our blogger is on to something regarding insurance companies.

      1. She turned to adult videos as her salvation. She’s a doer and I hope she lands off her feet.

    1. “Pfizer whistleblower releases internal documents showing they had received over 158,000 adverse reaction reports within 2 months of it’s release”

      100% safe and effective.

    1. “Isn’t it odd how Kamala’s biggest fans were all very connected to Diddy?”

      Ain’t no party like a Diddy party!

      Let me guess, they all “left early” before the drugging and r@ping started, right?

  7. [A quote from the following article: “We are becoming more proactive, we own the science and the world should know it.”]

    U.K. Government Pours Big Sums into Latest UN Crackdown on Climate Dissent

    https://wattsupwiththat.com/2024/12/08/u-k-government-pours-big-sums-into-latest-un-crackdown-on-climate-dissent/

    The British Government is one of the main financial backers of a new international campaign designed to suppress online climate science scepticism ahead of next year’s ‘make-or-break’ COP30 in Brazil. Run by the United Nations and UNESCO, the Global Initiative for Information Integrity on Climate Change was signed off at the recent G20 Summit in Brazil. Part of its remit will fund non-profit outfits rooting out so-called disinformation and promoting ‘public awareness campaigns’. Commenting on the campaign, the UN’s global communications flack Melissa Fleming noted that a growing number of people are waking up to the harms caused by climate disinformation and “toxic information ecosystems in general”. She suggested that a global movement for “information integrity is gaining momentum”.

    In fact this initiative is a desperate throw of the dice to further trash the scientific process and curb free speech and commentary. Fed by decades of failed doomsday climate predictions, fake, cherry-picked and massaged statistics, farcical weather ‘attribution’ claims and an increasingly obvious politicised ‘ban’ on sceptical discussion of the actual science, the ‘momentum’ is turning towards a demand for genuine debate. This terrifies global elites faced with a loss of credibility – as evidenced by popular votes in numerous recent elections – who thus launch yet more crackdowns in increasingly desperate attempts to cancel their critics.

    This was always likely to happen as deindustrialisation and the need for radical life-changing (and life-threatening) economic and societal changes started to become obvious under the Net Zero fantasy. Removing hydrocarbons from a modern industrial economy is impossible. But taking a different view has offered countless opportunities for command-and-control nuts from the Left of the political spectrum. To fuel their dreams over the last 40 years, the traditional scientific process of debate and inquiry has been cast aside and replaced with a climate-modelled pseudoscience ‘consensus’ and global campaigns to induce mass psychosis over an invented climate emergency.

    Fleming and her UN employers have always been aware of the need to control the global narrative. At a recent World Economic Forum ‘disinformation’ seminar, she noted that the UN had partnered with Google to ensure that only UN-approved climate search results appeared at the top. In chilling tones, she explained: “We are becoming more proactive, we own the science and the world should know it.”

    Few details about the initiative are available but it is noted that it will strengthen existing campaigns on climate change “to mitigate and counter climate disinformation particularly in advance of COP30”. After the unmitigated disaster that was COP29 where, to comment realistically, nothing was agreed, there are concerns that next year’s meeting in Rio de Janeiro will make or break the crumbling international boondoggle. Matters will not be helped over the next four years by the contempt for the entire climate circus that is likely to be shown by the Trump administration in the United States. Perhaps, already, the U.S. is going missing when the climate plate is handed around. Funding this latest UN-inspired free speech assault, the country is notable for its absence, unlike the U.K. (of course), Chile, Denmark, France, Morocco and Sweden.

    Needless to say, when science needs to be trashed and free speech quashed, the big money suspects are never far from the action. Fleming noted that a “wide network of civil society partners” was joining the work of the initiative.

    One of these partners has been identified as the International Panel on the Information Environment (IPIE). Some might see the speech frequently expressed in robust terms on social media as a natural and welcome development of the free speech ideals of the European Enlightenment. IPIE seems to take a difference view. It notes the creation of a “global information environment crisis” and an existential threat to humanity. “The cost is billions of dollars, millions of lives and an erosion of trust in science, our institutions and each other,” observes this convocation of cheery souls. Amusingly, IPIE claims to provide “neutral assessments on the condition of the information environment”. One of the main funders of IPIE is the Children’s Investment Fund Foundation, the main vehicle for money distributed by Sir Christopher Hohn, an early paymaster of Extinction Rebellion. Other foundation cash comes from Oak, Ford and Heising-Simons.

    Another partner signed up to the “landmark initiative” is the World Meteorological Organisation (WMO). The goal, notes the WMO, is to protect the integrity of information in the public sphere, ensuring that decisions on climate action are based on “accurate, reliable and science-based data”. Of course it could be noted that a start on supplying accurate data might be made within constituent WMO operations such as the U.S. weather service NOAA and the U.K. Met Office. Both operations supply temperature readings corrupted by massive urban heat and invent local temperatures from non-existent stations. Despite nearly 80% of its stations being sited in WMO Class 4 and 5 locations with ‘uncertainties’ of 2°C and 5°C respectively, the Met Office publishes figures claiming accuracy down to one hundredth of a degree centigrade. The world has warmed a little over 200 years since the ending of the Little Ice Age, but an accurate rate cannot be taken from these obviously inaccurate figures.

    Celeste Saulo, WMO Secretary-General, emphasised the importance of fighting “disinformation” in the battle against climate change. “In this age of disinformation, stating the facts is not only a moral imperative but a critical tool for survival,” she noted. A less charitable view of the WMO participation is that it is about trade protection for on-message scientists. To date, the growing scientific scandal around global temperature figures has been largely kept out of the mainstream media.

    It is far too early to call the death of Net Zero. Powerful interests to keep the show on the road are embedded throughout controlling elites. Emeritus Professor Richard Lindzen of Harvard and MIT has spent decades pondering how the fraud and corruption works. What historians will definitely wonder about in future centuries, states Lindzen, is how deeply flawed logic, obscured by shrewd and unrelenting propaganda, actually enabled a coalition of powerful special interests to convince nearly everyone in the world that CO2 from human industry was a dangerous, planet-destroying toxin. “It will be remembered as the greatest mass delusion in the history of the world – that CO2, the life of plants, was considered for a time to be a deadly poison,” he added.

    1. Just like a watermelon: green on the outside, red on the inside.

      It’s okay to kill communists.

    2. we own the science and the world should know it

      My UK relatives are fully onboard with this, even as their standard of living, which was already low, is collapsing.

  8. Since the US presidential election, there’s been a spike in Americans’ interest in moving abroad.

    “It’s been such a gut reaction of, ‘I want to move, but I don’t know where, and I don’t know how,’ ” says Arielle Tucker, a Switzerland-based certified financial planner who specializes in assisting US citizens in moving abroad and says her business has seen a massive uptick in inquiries.

    A popular retirement destination for Americans for decades, Mexico has attracted many more families and the digital nomad set over the past few years.

    As with other global destinations that have received an influx of Americans as of late, some Mexican cities with large expat communities are getting pushback against foreigners.

    Mexico also has a high crime rate. Homicide rates are nearly four times as those in the United States, according to Mexico’s National Institute of Statistics and Geography. And those numbers may be even higher: Data from the Human Rights Watch suggests that an estimated 90% of crimes in Mexico are never reported.

    https://www.msn.com/en-us/money/realestate/considering-moving-out-of-the-us-in-2025-these-are-the-best-countries-for-american-expats/ar-AA1vu5Vd

    1. Hey, at least the folks calling up Switzerland are at least making steps toward moving out of the country. Celebrities usually make a lot of noise but ultimately stay put.

    2. “Mexico also has a high crime rate. Homicide rates are nearly four times as those in the United States, according to Mexico’s National Institute of Statistics and Geography. And those numbers may be even higher: Data from the Human Rights Watch suggests that an estimated 90% of crimes in Mexico are never reported.”

      https://youtu.be/cLQox8e9688?si=QY6IlI3btwoAeWL0&t=10

      1. Mexico also has a high crime rate.

        Just wait until some cartel dude knocks on their door, telling them that they owe him protection money.

  9. Why we should all pay attention to the populist shakeup in Mexico’s business world

    This year has been historic for Mexico. The country elected its first female president and undertook a major overhaul of its judicial system. Moreover, the government is on the verge of fundamentally reforming – and in some instances eliminating – several independent regulatory agencies. These populist changes could have a substantial effect on Canadian investors and other business interests in Mexico. They may also foreshadow populist trends within our own Canadian borders that businesses and investors will need to face.

    In a radical shift, Mexico’s recent judicial reform opens the selection process for some 7,000 judges and other justice positions – including Supreme Court justices – to citizens through popular vote. Domestic and international investors are increasingly wary of these changes, fearing heightened politicization, diminished independence of the judicial system and a less secure investment environment.

    On top of these changes, the government is also aiming to drastically reform various regulatory institutions that oversee competition law enforcement, government transparency, energy and telecommunications. Their functions and responsibilities would be transferred to a few federal ministries, ostensibly to save money for social programs and pensions.

    To appease investors and critics, and to comply with USMCA provisions, the ruling party and the federal government have pledged to make the competition, energy and telecommunications commissions decentralized agencies with technical independence and their own resources. However, they would still lack the authority to set their own budgets.

    Left-wing former president Andrés Manuel López Obrador began calling for a judicial overhaul last year after frequent clashes with the country’s Supreme Court. He described Mexico’s regulatory agencies as “wasteful” and in service of business interests rather than the people.

    López Obrador didn’t have the votes in Congress to make the judicial and regulatory changes he envisioned. But that situation changed this past summer when his party and its allies secured a supermajority in both legislative chambers. Claudia Sheinbaum, Mexico’s newly inaugurated president and López Obrador’s political protégé, will now lead the charge on dismantling regulatory agencies and realizing López Obrador’s vision.

    Not surprisingly, these judicial and regulatory reforms may challenge Mexico’s free-trade agreement with Canada and the U.S. Changes to Mexico’s regulators, namely its competition authority, also run counter to best practices outlined by the OECD by making agencies open to political influence.

    The Mexican government has sent very strong signals that it will not be deterred by Canada or the U.S. from pursuing these profound changes, going so far as to freeze communications with both U.S. and Canadian embassies. Even if officials in Canada were able to somehow curb the reforms Mexico is pursuing, there is little they can do to address the root issue – a deterioration in the population’s trust in conventionally accepted economic policy and regulation. However, with the election of Donald Trump and his vow of substantial tariffs, leaders in Canada and Mexico have been stressing the need for more communication and collaboration.

    The very fact that the current government believes that courts and regulators are failing to create outcomes that benefit Mexicans is troubling. The drastic reforms being pursued by the government reflect the strength of this conviction.

    This crisis of faith in government legitimacy isn’t unique to Mexico, as the United States’ election of Mr. Trump shows. Even in Canada, populist trends are shaping economic policy, such as the coming two-month GST break on certain items and promised $250 rebate cheques. Canadian businesses and investors need to adjust to this new populist reality to successfully navigate the inevitable political shifts happening in both Mexico and here in Canada.

    https://www.theglobeandmail.com/business/commentary/article-why-we-should-all-pay-attention-to-the-populist-shakeup-in-mexicos/

      1. AMLO was a populist nationalist. She’s a globalist. Her party, MORENA, has turned Mexico back into a one party state (well, more than one if you count the cartels), which echoes back to the days when the PRI reigned supreme, until it drove Mexico into the a ditch.

        History doesn’t always repeat, but it can rhyme.

  10. Addicted to fast money, high life, the thrill of breaking the law? Criminals Anonymous is here to help

    About 60 people filter into the large, open room in Northeast Portland, filling rows of metal-framed chairs. Some grab a cup of coffee. Others chat.

    The low rumble of conversation quickly subsides as a woman begins. “Our primary purpose is to stay crime-free,” she tells them, reading the group’s preamble from a laminated sheet of paper.

    While the setting is familiar to anyone who has attended an Alcoholics Anonymous or Narcotics Anonymous session, this meeting has a different purpose.

    The one-of-a-kind Criminals Anonymous started in an Oregon prison six years ago when two men wanted to prove a prosecutor wrong by showing that they could change.

    Participants pledge to follow its 12 steps to halt their “endless cycles of misery and disappointment.” They have shoplifted, stolen cars, dealt drugs, assaulted others and more.

    “The reality is that some of us don’t know there is another choice because we’ve been doing it for so long,” said Jacquinetta Suzette “Suzy” Leon, 43, who helps lead the weekly Wednesday night meetings at the Miracles Club recovery center in Portland’s King neighborhood.

    Leon’s father was a member of a Mexican drug cartel, according to documents filed in court, and she grew up immersed in drugs and crime. “We get addicted to that fast money, fast life, the thrill of committing crime,” Leon said.

    No one is turned away at the Criminals Anonymous sessions. People tell their stories, typically using their first names. They share their latest achievements and struggles.

    “My name is Kenneth,” a man says as he rises from his chair at a recent meeting. “Welcome, Kenneth!” people shout back in unison. “I’m an addict, a criminal, a liar … all that good (expletive) that will get you locked up,” he continues.

    His first drinking buddy, he says, was his mother, who gave him alcohol when he was 6 years old. He smoked PCP, popped pills and did cocaine before moving to Oregon, where he got hooked on oxycodone, Adderall and eventually fentanyl.

    He ended up living on the streets of downtown Portland, “sleeping half of the day … doing nothing with my life pretty much.” He tried treatment and other recovery programs, but nothing stuck until Crim-Anon, the group’s nickname. “I started listening to the message. I started doing what was suggested to me and then just worked the steps. …I started feeling like me,” he says.

    He’s now 27 months sober and crime-free, he says. The group claps and cheers.

    https://www.msn.com/en-us/news/crime/addicted-to-fast-money-high-life-the-thrill-of-breaking-the-law-criminals-anonymous-is-here-to-help/ar-AA1vuwtt

  11. As Starmer stumbles, Reform is waiting in the wings

    A supposedly rogue poll last week put Labour in third place after the Tories and Reform UK. A remarkable and disturbing outcome with a government less that 6 months old, but not so surprising to those of us observing just how dire Keir Starmer is. For his supporters however you can practically taste the panic as they suddenly realise that their hero and scourge of the left is likely to face a drubbing at the hands of the far right.

    That is already happening in local council by elections, where Labour’s vote is falling, often to Reform from its right but also to the Greens and independents to its left. In the election last July, Reform took votes from the Tories but also from Labour and that the party came second in many areas regarded as safe Labour – the constituencies in most of Manchester and Liverpool, south Wales and much of the north and north east of England.

    Keir Starmer put no effort into countering the racist and bigoted politics of Reform partly because he thought they would harm the Tories more than him, partly because he has espoused his own bigoted politics over migration and nationalism. Now it is presenting a major challenge to his failing government.

    This is a dangerous development but not one that is inevitable or that can’t be challenged. We should recognise that Reform doesn’t put its full programme forward when it’s trying to win electoral success. It plays on fear of immigration for sure, but it also highlights the loss of the winter fuel allowance for pensioners. It doesn’t say that it hates all Muslims but rather that Britain isn’t like it used to be or makes the false claim that Xmas trees aren’t allowed in primary schools ‘because of the Muslims.’

    So it plays on people’s irrational fears and false information in order to build a base. In a society where most working-class people feel worse off and deeply insecure that is easy to do. Part of the reason that Reform UK has done well is also the deliberate destruction of Labour’s left through the defeat of Corbynism, and the consequent abandonment of virtually any policy that would challenge capital in even the smallest way. The only significant unified electoral force in England to its left is the Green Party, which has failed to seriously campaign over issues such as war and Palestine and has a weak appeal to working class people.

    Reform UK’s rise is in step with events internationally, most obviously with the election of Donald Trump as US president. While that has given a boost to the far right everywhere, we should see this as less a radical increase in support for him, and more a sense of despair as the US working class heartlands refused any longer to give their votes to the Democrats. This is essentially the same pattern that lost Labour the ‘red wall’ in 2019 and is part of the long-term decline of social democracy internationally.

    The failure of the centre parties is helping fuel the far right. We see this most clearly in France where president Macron has witnessed the fall of his appointed government which was trying to force through an austerity budget. The no confidence motion was moved by the left NFP but was backed by the fascist Marine le Pen’s RN, which has spent months manoeuvring to gain advantage out of Macron’s weakness.

    https://www.counterfire.org/article/as-starmer-stumbles-reform-is-waiting-in-the-wings-weekly-briefing/

    1. Their next Parliamentary elections are in 2029. Hopefully by then the Reform party will sweep Labour into a dumpster. In the meantime there is the possibility that Labour will remove Starmer as PM as they move towards the “center”. Then again they might double down like the Dems did here.

      The Brits are socialists at heart. Having private health insurance to avoid NHS waiting lists in the UK is seen by many as elitist and “line jumping”.

      1. Having private health insurance to avoid NHS waiting lists in the UK is seen by many as elitist and “line jumping”.
        I read somewhere that 22% of the UK has private health insurance, Not sure of the accuracy.

        1. A lot of those policies have small maximum annual payouts, like say 10K to 20K pounds. Adequate for some procedures, but for others you are stuck with the NHS. Some policies are better than that, of course.

  12. Members of the House Jan. 6 committee “should go to jail,” Trump said in an NBC interview that aired Sunday, calling them “political thugs” and “creeps,” while suggesting Biden should “maybe” preemptively pardon them—as the president is reportedly considering preemptive pardons in response to Trump’s threats to seek retribution against his political enemies.

    The Biden administration is considering issuing pardons to Trump nemeses, including Rep. Adam Schiff, D-Calif., and Rep Liz Cheney, R-Wyo., who served on the House Jan. 6 committee, and Anthony Fauci, the former head of the National Institute of Allergy and Infectious Diseases, Politico reported, citing unnamed senior Democrats familiar with the discussions.

    The discussions have become more serious in the wake of Kash Patel’s nomination as FBI director as Patel has repeatedly vowed to help Trump go after his political enemies, according to Politico.

    Sen. Ed Markey, D-Mass., suggested in a recent Boston Public Radio interview Biden should preemptively pardon anyone President-elect Donald Trump could seek retribution against, such as the prosecutors involved in Trump’s criminal and civil cases including New York Attorney General Letitia James and DOJ Special Counsel Jack Smith.

    https://www.msn.com/en-us/news/politics/trump-says-jan-6-committee-should-be-jailed-as-biden-reportedly-considers-pardons-for-trump-foes/ar-AA1v9kao

    1. Hang Fauci now?

      If weaponized autism can take down a CEO as seen in New York last week, somebody on 4chan knows where Fauci is at all times. Not a recommendation just a neutral observation.

  13. Democratic autopsy: The party needs a sense of history, humility and humor

    Democrats must acquire a more balanced sense of history, humility about their public policy goals, and a sense of humor about human life if they are serious about winning elections again. That is just as important as abandoning their alienating traits, such as heresy-hunting and scientism, as we discussed recently.

    History gives a culture its bearings. If you want to know why things are the way they are, you need to know how we got here. Sadly, a generation or more of college graduates, especially at elite colleges, were schooled in deconstructionism.

    Deconstructionism is a method of analysis. It highlights inconsistencies or contradictions in received historical accounts, and recasts history with special emphasis on power dynamics, and a deemphasis of any ideals historical actors gave as their motivation for particular decisions. Associated with the French philosopher Jacques Derrida, its most familiar expression would be Howard Zinn’s A People’s History of the United States: 1492-Present.

    A wise friend observed, “Deconstructionism robs meaning.” It also imports a new and different meaning. As the late Cardinal Francis George wrote in his theology dissertation, “If the United States is not to be a beacon, the universally inclusive ‘city on hill,’ then it must be a sinkhole, the evil source of global exploitation.”

    Deconstructionism stands behind the decision by the San Francisco school district to rename schools, including Abraham Lincoln and George Washington high schools. If the Christopher Columbus statue came down in your city, the impetus for that act started with deconstructionism. And don’t even ask about Thanksgiving.

    No one should be content with the midcentury Hollywood version of history. “Plymouth Adventure,” the 1952 movie about the Pilgrims starring Spencer Tracy and Gene Tierney, doesn’t count as history. But, in their fierce anti-Catholic bigotry, their desire to be rid of papism and priestcraft, the Pilgrims and Puritans introduced conceptions about the human person that led one of them, Roger Williams, to articulate the then-radical idea of freedom of conscience.

    Through more historical twists and turns, that idea became enshrined in our First Amendment. That is a good thing, even if the Puritans, and Americans since, have as often honored that idea by violating it as by fulfilling it. The idea is still a mark of a civilized society, and societies that deny religious freedom are not places any of us would want to live.

    In short, history must be judged not by our moral terms, but by the circumstances and cultures of the time. None of us knows what future generations will think about our contemporary society, what will cause them, 200 or 300 years hence, to exclaim, “What were they thinking?”

    Politically, trashing America’s past is a fool’s errand. People want to feel good about their country and there is plenty for Americans to feel good about it. We do not need to whitewash history, but we don’t have to rant endlessly about the shortcomings of our ancestors either.

    Humility is a second habit of mind the Democrats and the left need to learn, and it is never easy to come by. As I noted at the time, the best part of Kamala Harris’ speech at the Economic Club of Pittsburgh in September was her invocation of Franklin Roosevelt and his promise of “bold, persistent experimentation.” Democrats need to propose and discuss public policy in a less doctrinaire and more pragmatic key.

    Hartford, Connecticut, is the capital of my state and the city still suffers from the decisions made by urban planners in the 1950s. They misunderstood how the automobile would change urban life. The downtown area is a ghost town after 6 p.m. Hartford is not alone. Many cities suffered from the hubris of urban planners in the postwar years.

    Bill Clinton really thought the North American Free Trade Agreement, retraining workers, and more community colleges would help working-class Americans. It was the ’90s. History had ended, at least according to Francis Fukuyama. The internet was changing almost everything and maybe it would lift all boats.

    Alas, many boats were left behind. The Democrats’ loss of working-class voters accelerated with NAFTA.

    Finally, there is humor. “Whom the gods would make bigots, they first deprive of humor,” wrote Fr. James Gillis, the Paulist editor of the Catholic World from 1922 to 1957. Yes, cultural elites on the left speak about working-class voters in ways that are bigoted.

    Not every Trump voter is a Proud Boy or a racist or a misogynist, but they are labeled as such. A large part of the reason is that working-class conversations are often filled with humor about sex and gender and race, humor that would get one barred from the faculty lounge or fired.

    Humor is often used to discuss fraught issues. Sometimes it is coarse. But when I am with my working-class friends, I do not detect meanness in the humor. Their jokes are like the humor of Dave Chappelle, and they often repeat his routines. His social criticism about race and gender is brilliant. He is not “transphobic” or “racist.” He uses humor to discuss complicated, highly charged issues. He is edgy, but his humor is not mean.

    History, humility and humor. The cultural left that dominates the Democratic Party needs to use all three to connect with voters, not to judge them.

    https://www.ncronline.org/opinion/ncr-voices/democratic-autopsy-party-needs-sense-history-humility-and-humor

  14. Globalists do not see the U.S. as a sovereign country, it is nothing more than an economic zone to them.

    CNBC — Trump’s mass deportation plan could threaten workforces in industries from agriculture to health care (12/9/2024):

    “Immigrant workers made up 18.6% of the workforce last year, a new record, according to Bureau of Labor Statistics data.

    Economists are less convinced Trump can carry out his immigration plans without weakening the workforce. In a recent Brookings Institution study, researchers weighed the potential effects on the labor market and U.S. gross domestic product in 2025 in high- and low-immigration scenarios.

    The researchers estimated Trump’s immigration policy could reduce 2025 GDP growth by 0.1 to 0.4 percentage points, or by $30 billion to $110 billion.

    “Beyond 2025, the economy under the ‘low’ scenario would continue to be notably smaller than the economy under the other scenarios,” the authors wrote. “The consequences of a more extreme mass deportation policy would be economically disruptive in unpredictable ways and are not modeled here.”

    https://www.cnbc.com/2024/12/09/trump-immigrant-deportation-plan-threatens-workers.html

    1. Trump’s mass deportation plan could threaten workforces in industries from agriculture to health care

      Yeah, I’m sure there are illegal doctors, pharmacists and nurses.

    2. could threaten having to pay a market wage

      could threaten our executives massive bonuses

      could threaten making work valuable.

      1. “Just saw that. It’s a good day for NYC.”

        Good day for the United States too.

        If NYC is with Daniel Penny, who could be against him?

        1. Leftist X was against him for sure. Over the past week, my X feed was peppered with r* baiting anti-Daniel posts. X is a bit of a political cesspool. You always know the engagement farmers or paid hacks, because they start their posts with “So let me get this straight” or “Explain to me like I’m 5” followed by the usual gotcha talking points.

          1. “The BLM Era is Over”

            It isn’t over until a thorough review of Derek Chauvin’s politically motivated murder trial has been performed. “Doting dad,” George Floyd died of a fentanyl overdose during a violent arrest due to laced suppositories in his rectum.

  15. “Idaho Statesman. “A large retail development with apartments was supposed to revitalize two city blocks in downtown Meridian.”

    Yada yada yada.

    Stuff like this never works. All you’re doing is cannibalizing the existing pool of money. The only way to revitalize any area long-term is to build an office building or factory, i.e. new JOBS bringing in new money to spend. The area will then revitalize itself.

  16. You live in a civilization in terminal decline.

    HuffPaint — I Have A Nonbinary Child. This Is The 1 Parenting Challenge I Never Saw Coming (12/9/2024):

    “My two kids, my husband and I were at an outdoor picnic table at Roberta’s pizza on a chilly day in Brooklyn when our then-7-year-old declared that they were nonbinary.

    “I’m not a he or a she!” they said, their fists clenched. “I’m nonbinary, call me they.”

    They had been telling us that they’d felt “a little like a boy and a little like a girl” since they were about 3, but this was the first time they put a label, and a pronoun, to that feeling. My husband and I were both blown away and very proud of them for so confidently asserting their young identity.”

    The alleged female author of this piece has a hyphenated last name.

    “My family lives in a picturesque Brooklyn neighborhood, where many of the historic brownstones have rainbow flags in windows. Most people here would probably identify as being liberal-leaning. However, even before this moment, we had already experienced some of the challenges of raising our gender nonconforming child in a world that is so wedded to binaries.”

    There are only two genders.

    “When our child was in second grade, we were all surprised at how easily the other kids in class adapted to using their pronouns (they/them/theirs) correctly. One teacher even told me that when someone accidentally misgendered our child, using a pronoun that does not reflect their gender identity, the other students were quick to correct them. The parents of those kids from school, on the other hand, have had a harder time accepting our child’s identity.

    Our child is often misgendered. People look at them, with their long hair, pink-hued outfits and rainbow Crocs, and assume they’re a girl. And as progressive as Brooklyn can seem, the reality is that many of the everyday spaces our family encounters are gendered ones, from play spaces to dance classes.”

    https://www.huffpost.com/entry/nonbinary-child-parenting-challenge-playdate-sleepover-invitations_n_674f5eb3e4b0617b1e7711ec

    When little Billy picks up a pink crayon, it brings out an ARMY of pedophile groomers. Teachers, school psychologists, doctors, all instantly spring into action at the prospect of mutilating an innocent child.

    Anything, anything that defiles and destroys God’s creation, because Marxism.

      1. Marxists gonna Marx. 100+ million dead in the 20th century, and nobody learns from history…

    1. “My family lives in a picturesque Brooklyn neighborhood, where many of the historic brownstones have rainbow flags in windows.”

      Ah yes, the kind hearted liberals of Brooklyn.

      Hypocrisy, thy name is “progressive” Brooklyn.

      The Brooklyn school wars are about class — not race

      By Karol Markowicz
      Published Sep. 27, 2015, 9:15 p.m. ET

      Hypocrisy, thy name is “progressive” Brooklyn.

      The ostensibly liberal parents of successful, and overcrowded, PS 8 in Brooklyn Heights have complained loudly about their school-district lines potentially being redrawn — because the new district would send kids from the super affluent, mostly white area of Dumbo to PS 307, a failing school which draws many of its students from the nearby projects, Farragut Houses.

      The fact that the racial makeup of PS 307 is 90 percent black and Hispanic is frequently noted.

      In a city like New York, though, is the issue actually about race — or is it more about class?

      If PS 307 had a majority of white kids who were low-income, would the parents of PS 8 fight any less to stop their children being switched to a failing school? Unlikely. If wealthy black people moved en masse to Brooklyn Heights, would the white parents at PS 8 have any issue welcoming their children to the school? Probably not.

      https://nypost.com/2015/09/27/the-brooklyn-school-wars-is-class-not-race/

    2. “I’m not a he or a she!” they said, their fists clenched. “I’m nonbinary, call me they.”

      Something allot of 7 year olds say I’m sure…

  17. When I got into the middle of this I wished I had never started.

    In the summer of 1968 when I was 8 years old my parents bought a 100 acre evergreen farm in Honesdale Pa. It was pretty cool. it had an old farmhouse, a couple of old barns, a separate garage with a big train light on the front of it across the road that divided the property, a milk house and another 2 story building that my father always threatened to but never did fix up and turn into an apartment.

    We would go there on weekends, the old man would make my brother and I work, he sold trees for a few years at least, we got snowmobiles etc. it was a weekend place my parents liked to go.

    The first winter in late January just a couple of weeks after the Jets beat the Colts in the Superbowl we were there on a frigid weekend with ice covered ground and while walking in the house Saturday evening my Mom slipped and broke her hip. Well they took her to Honesdale’s hospital where they told her she would be flat on her back for 6 months before she could move. Hearing this she wanted to go back home to Greenwich. Now Honesdale being kind of a one horse town they only had 1 ambulance which the couldn’t send on a six hour round trip and leave the town without an ambulance so instead they put my Mom in a hearse for the ride home.

    What triggered this memory was the song I heard on the 60s station on satellite radio I heard the other day. Being that I had just turned 9 and my older brother was riding in the hearse with my Mom and I was kinda freaked out by all of this my old man left WABC which played music on the radio as opposed to the News station he would normally listen to. This song was at or near the top of the charts and I must have heard it 5 times on that 2 hour and 55 minute drive that night.

    Worst That Could Happen

    https://youtu.be/PjpqYOAroOQ?si=CxCMe5Nq5rPNQO6p

    PS

    Got back to Greenwich and Dr. Thomas Rodda put what at the time was a state of the art pin in Mom’s hip which allowed her to walk into The Honesdale emergency room 6 weeks later and give the doctors and nurses candy and flowers for taking care of her.

    1. Ah Honesdale! My aunt had a little cabin on RT 434 right outside of Shohola. I was an NYC kid but I loved the parties that were thrown after HS football games on dead end roads with huge bonfires up in the Poconos. Country kids knew how to drink!

      1. “Country kids knew how to drink!”

        Yes they did.

        Did you ever hit Lake Wallenpaupack? I knew a girl down here whose parents had a weekend place there. Like you said the people were country but it was a pretty cool place to go on weekends and vacations for a Yute.

        1. Used to drive by Lake W. all the time but we hung out around Milford. Some of the maniacs that I used to party with are all responsible adults there now. They even have websites with their pictures on them. None of the pics are from 1977-1978 though luckily for them 😉

          1. IIRC they had a billboard they would change with the seasons from Bass fishing to skiing. My old man belonged to Mushpaugh hunting camp that I believe was in Hawley but required a long ride into the sticks to get to.

            Great memories, thanks for posting.

    1. Walter ‘Hawk’ Newsome is upset because there isn’t an $87M payout à la George Floyd’s genetic tree. I’m sure Walter already had a bling necklace with huge chain links on lay-away.

  18. ‘Lofland, a 21 year veteran of the Arapahoe County Sheriff’s Office, resigned this week in the midst of a department internal investigation into her performing in adult videos, jobs she says she took ‘out of desperation’…In a short period of time, she said she made enough money to make her monthly mortgage payment. ‘My actions have been made out of desperation. ‘Some may judge and say there are ‘better’ ways to make money, but at the time I had no other lucrative means for doing so’

    HBB is torn on this one Shannon. On one hand you are the ultimate winnah! You really took one for the team, six actually. But on the other hand, you really got fooked!

    1. you really got fooked!

      At forty, she’s still quite pretty. At my age she won’t be so much. Maybe she wanted to immortalize her beauty and it had nothing to do with the house. Maybe she’s just manic.

      I do wonder about half a million in hail/rain damage. Is it a mansion? If hail damage put me underwater on a house, I’d go BK and get out from under. She’s young enough to start over with a good job as a police woman.

  19. ‘One of Galena’s investors had pulled out in 2022, Galena attorney Jim Donoval told the Statesman in February. At the time, Donoval said Galena was ‘avidly’ working to secure alternative funding to be able to finish the project and pay its workers. Then, contractors began filing liens and lawsuits seeking compensation for the estimated $17.3 million of work they had already done. Meanwhile, the unfinished project has been an blight in downtown Meridian. Contractors say they still have yet to be paid. ‘Galena is not paying any of the plaintiffs’

    This company is big enough that it still has other work and probably could pay these poor bashtards. But it won’t, not any more than it has to. They legally segment out these projects so they can let some go and don’t throw good money after bad. That’s real world jingle mail. How do you like those non-recourse loans now?

  20. ‘It’s been quite a run-up in farmland values in the past five years, and now it has petered out, it seems like’

    And farmland was a yuuge bubble before the minor repository illness bubble Dave. Jerry really fooked up this time.

  21. ‘Tait, 24, and his fiancée Dionne Humes, 23, exemplify the nightmare facing Crawford Park residents after purchasing their £128,000 two-bedroom semi last September. ‘I guarantee the value of our property has easily halved,’ Tait added. ‘We are terrified every single time it rains’

    It’s still cheaper than renting Nick.

    1. ‘I guarantee the value of our property has easily halved,’ Tait added. ‘We are terrified every single time it rains’

      I hate it when my sh#t gets halved and I’m scared of the rain.

  22. ‘The Ōrākei apartment was bought for $6 million in February 2020 and is now listed for enquiries over $5m. The four-bedroom Lower Hutt house was bought for $1.87m in November 2021 and is listed for enquiries over $1.35m. The Mount Maunganui home was bought for $3.29m in November 2021 and has an asking price of $2.85m. The salesperson for the latter property said it was surplus to requirements and the vendors did not live in it. ‘They are selling because they have some commercial interests to pursue’

    Those are mighty a$$ poundings salesman.

  23. ‘The price per square foot for primary launches in the area is about HK$22,000, but I expect its construction cost to be around HK$30,000 or even higher’

    Yer shanties and airboxes used to be the most expensive residential real estate on the planet Joe. How the mighty have fallen.

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