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They Didn’t Lose Money Because However Much Money They Could Have Made In The Past Is Hypothetical Money

A report from Click Orlando in Florida. “Residents of Dockside At Ventura Condominiums in Central Florida are still waiting to return to their homes nearly three years after Hurricane Ian caused severe flooding and damage. Nicole Kolling-Carter, a resident, expressed her frustration over the prolonged recovery process. Despite having insurance and following all necessary protocols, she has been unable to return home and continues to pay her mortgage, homeowners association fees, and rent for her temporary residence. ‘Frustrated,’ she said. ‘Because I did everything I was supposed to have insurance. Make sure. And that’s the first time the place has been flooded. And then we get hit with all this other stuff and people doing crooked things, and then we’re stuck with a hole in the bag.'”

From NBC Boston. “As homeowners dealing with crumbling concrete foundations implored Massachusetts lawmakers Tuesday to deliver financial assistance, House Democrats declined to support a budget amendment to create a relief fund seeded with $100 million. ‘Obviously, we’re trying to help House members particularly understand our issue as much as we live it everyday,’ Michelle Loglisci of Monson, who founded the advocacy group, told the State House News Service. ‘We’re trying to make sure that people who are out there voting on amendments and bills in this session, in the budget, are going to understand that our lives have been on hold for years,’ Loglisci added. ‘I am working on Year 8 of not being able to sell my house, not being able to move, not being able to afford to replace the foundation.'”

A press release. “The typical home for sale is listed for 9% more (or $38,672) than the typical home is selling for—the biggest gap since May 2020. Redfin’s report is based on home listing and sale price data in March, when the typical newly-listed home had a price tag of $469,729—a record high. The typical home that sold last month fetched $431,057—below the June 2024 record high of $442,529. A lot of homeowners who are selling now also bought during the peak of the market in 2021 and 2022 and are trying to recoup their investments, according to Redfin agents. ‘Homebuyers today have the upper hand because they’re outnumbered by sellers, and that’s a tough pill for sellers to swallow,’ said Redfin Senior Economist Elijah de la Campa. ‘When buyers and sellers are on different planets, one side eventually has to give in, and it’s looking like it’s going to be sellers this time. Rising inventory, price drops and seller concessions indicate this is already starting to happen, and sale-price growth will likely continue to slow as a result.'”

“There are eight metros where sale prices fell from a year earlier in March, and they’re all in Florida, Texas or the Bay Area. ‘A lot of sellers are bringing up comps from a year ago, and I have to tell them that’s no longer the environment we’re in,’ said Chaley McVay, a Redfin Premier real estate agent in Portland, OR. ‘They’re holding onto this idea that they lost money. I explain that they didn’t lose money because however much money they could have made in the past is hypothetical money. The most important thing you can do as a seller right now is fairly price your home. If you overprice, chances are you’ll get no activity, and then it will become even harder to recoup your investment.'”

From My San Antonio. “Everything’s bigger in Texas — and that’s especially the case for four cities in the Lone Star State that are home to some of the biggest home sale price drops in the country. A Redfin report found 11 of the country’s 50 most populous metros recorded decreases in their median home-sale prices. Texas laid claim to four of those metros, including the No. 1 spot. San Antonio led with the largest median home-sale price declines, reporting a 3.7% year-over-year decrease. Following in its wake was: Oakland, California, with prices down 3.5% year over year. Jacksonville Florida, home to a 2.2% year-over-year dip. Phoenix, Arizona, down 2% year-over-year. Austin, Texas, reporting a 1.3% decrease. Outside the Top 5, Dallas and Fort Worth joined the Texas capital and the Alamo City as additional Texas metros to see home prices decline.”

East Valley Tribune in Arizona. “Gilbert may be heading toward a balance residential housing market, meaning neither sellers nor buyers have any distinct advantage at the bargaining table. But the Cromford Report earlier this month also warned that if inventory Valley-wide continues to build at its current rate, sellers may well have to give a lot more than their counterparts have had to in the last few years. ‘If conditions stay on their current track, sellers will have even more of a challenge in the second half of 2025 as each seller will be competing with too many other sellers who are equally anxious to attract a firm offer. Price cuts and concessions are going to hit new highs under these circumstances.'”

“Data for March from Phoenix Realtors indicates the number of homes for sale in Gilbert soared by 89.3% over March 2024 to 833. Pointing to an uptick in sales, however, it expressed alarm over a steady increase in supply and said: ‘Although there are more buyers about at the moment, they have a lot of choice and growing bargaining power, especially in the outlying and less expensive areas. With patience and care, they should be able to secure a good deal if the seller is realistic about market conditions. If the seller is unrealistic, there is no harm in walking away. Pricing finally shows signs of weakening for the bulk of the market. We deduce that a clear downward trend in home prices has now been established. With the hottest months still in front of us, that is not likely to reverse anytime soon.’ The Cromford Report also said homebuilders are hitting a challenging time. ‘The cost of building a home is rising quickly because so many of the physical components are sourced from abroad, but new home selling prices will have to come down when supply exceeds demand to the extent we are now seeing,’ it said.”

CBS News on California. “As many as two-thirds of fire victims are uninsured or underinsured, according to the consumer advocates at the non-profit United Policyholders. After turning in 40 applications, Kevin and Annemarie Pazmino finally found a new place to live, after the home they shared with two children, Lucille and Joaquin, burned to the ground in Altadena. KCAL News met the family in January as they returned to see what was left amidst the rubble following the Eaton Fire. ‘I have anxiety over everything. So, it’s really, really hard,’ Annemarie said. ‘I’ve learned with insurance that we didn’t ask any of the right questions.’ The answers they’re getting now during the rebuilding process weren’t what they expected. ‘So, we are grossly underinsured, and our insurance agent said that’s very common,’ Kevin said.”

“Their homeowner’s policy hadn’t been updated since 2017, when the cost to build was well below what it is now. They also took money out of the house for renovations and didn’t increase their policy. Those common mistakes will cost them at least $100,000. ‘There are so many aspects of insurance that are so unknown to people and that can’t be singular to us,’ Annemarie said. The Pazminos don’t know how they’ll ever afford to own a home again. ‘I don’t have any money to start rebuilding. I can’t get a construction loan without money down because all our money was in the home,’ Kevin said.”

Silicon Valley in California. “The University Park apartment complex, a couple of blocks from the main UC Berkeley campus, has tumbled into a real estate loan default, according to documents filed on April 22 with the Alameda County Recorder’s Office. The delinquent loan for the 97-unit, five-story multifamily complex located at 1709 Shattuck Ave. totals $28.3 million and was provided to an affiliate of Academy West Investments, county records show. The University Park loan default is not the only East Bay complex that has been jolted with loan issues. In recent months, lenders have seized multiple apartment buildings to satisfy delinquent or failing loans.”

“Among the problem properties: A 206-unit, 24-story housing tower at 1700 Webster St. in downtown Oakland was taken back on Aug. 28, 2024, by its lender due to a delinquent $90 million loan. The Logan, a 204-unit apartment complex at Telegraph Avenue and 51st Street in Oakland, was taken by a real estate firm that had bought the property’s loan and then foreclosed on the financing vehicle on Nov. 27, 2024. In September 2024, Bayview, a 186-unit apartment complex in Emeryville, was seized by its lender, CIM Group, through a deed in lieu of foreclosure procedure. In April, Orion, a 241-unit apartment complex in the Brooklyn Basin area of the Oakland waterfront, was taken back by its lender, UBS Realty Investors.”

The Weekly Voice in Canada. “Condo prices have seen a major decline in Brampton South, with a new report showing a 26 per cent drop since the last federal election. The findings, released by real estate website Wahi, compared home price trends across Greater Toronto Area (GTA) ridings from the third quarter of 2021 to today. While some regions posted gains, Brampton South recorded the sharpest decline in condo values across the entire GTA. The report reveals that the median price for a condo in Brampton South now sits at $551,250.”

The Sydney Morning Herald in Australia. “A Perth family’s quest to build a home has been thwarted by the dramatic collapse of not one but two residential construction companies. In 2021, Cara Godwin and her husband Jason employed Modco Residential – the building company helmed by glamour couple Yusuf Khan and Cynthia Lu who left behind a trail of shattered hopes, unpaid bills, and unanswered questions when the empire crumbled. The company entered administration in July 2023 and was later put into liquidation. This month, liquidators revealed Modco faced nearly $9 million in creditor claims and regulatory bodies were also pursuing disciplinary action.”

“Godwin said after the company collapsed she and her husband decided to cut their losses and put up their three-lot Doubleview subdivision for sale to avoid haemorrhaging even more money on land tax, rates and mortgage repayments. The couple then spent the next six months unsuccessfully trying to buy an established property. The couple then signed in February 2024 with Ultimo Constructions, one of WA’s best boutique builders and five-time winner of the HIA Australian Professional Small Builder of the Year award. They were told the house would be built within nine months. Fast forward a year – and through what Godwin describes as ‘many delays, money wasted, numerous emails and calls’ – and all they have is a concrete slab. ‘We found out from the internet that Ultimo had gone into liquidation,’ she said. ‘No calls, no emails, no information. Just left to fend for ourselves again.'”

“Godwin said they were in the process of getting builders’ insurance paid through QBE; however, out of 15 builders contacted, none were interested in finishing the job that would now cost significantly more than initially projected. ‘It’s been four years,’ Godwin said. ‘So much wasted money, court cases, so many tears and so much stress, and we are in no better position than when we started. ‘We got married and had two children in this time … but still no house.’ Meanwhile, they are dealing with spiralling rental costs to keep a roof over their heads on top of the costs associated with the two building disasters.”

From BBC News. “China is not behaving like a nation facing the prospect of economic pain and President Xi Jinping has made it clear that Beijing will not back down. But the truth is Trump’s brinkmanship and tariff hikes are pushing on pressure points that already exist within China’s own struggling economy. With a population of 1.4 billion, China has, in theory, a huge domestic market. But there’s a problem. They don’t appear willing to spend money while the country’s economic outlook is uncertain. This has not been prompted by the trade war – but by the collapse of the housing market. Many Chinese families invested their life savings in their homes, only to watch prices plummet in the last five years.”

“Housing developers continued to build even as the property market crumbled. It’s thought that China’s entire population would not fill all the empty apartments across the country. The former deputy head of China’s statistics bureau, He Keng, admitted two years ago that the most ‘extreme estimate’ is that there are now enough vacant homes for 3 billion people. Travel round Chinese provinces and you see they are littered with empty projects – lines of towering concrete shells that have been labelled ‘ghost cities.’ Others have been fitted out, the gardens have been landscaped, curtains frame the windows, and they appear filled with the promise of a new home. But only at night, when you see no lights, can you tell that the apartments are empty. There just aren’t enough buyers to match this level of construction.”

“There are also fears about whether their sons, daughters and grandchildren can get a job as millions of college graduates are struggling to find work. More than one in five people between the ages of 16 and 24 in urban areas are jobless in China, according to official data published in August 2023. The government has not released youth unemployment figures since then. The problem is that China cannot simply flip a switch and move from selling goods to the US to selling them to local buyers. China will have to tread carefully. Some countries will be nervous that products being manufactured for the US could end up flooding into their markets. Trump’s tariffs in 2016 sent a glut of cheap Chinese imports, originally intended for the US, into South East Asia, hurting many local manufacturers. According to Prof Nie Huihua at Renmin University, ‘about 20% of China’s exports go to the US – if these exports were to flood any regional market or country, it could lead to dumping and vicious competition, thereby triggering new trade frictions.'”

This Post Has 133 Comments
    1. Little known fact: Koko the gorilla’s first recorded sign-language message was “Realtors are liars.”

  1. ‘As many as two-thirds of fire victims are uninsured or underinsured…‘So, we are grossly underinsured, and our insurance agent said that’s very common’

    That’s some sound lending right there.

    1. ‘I’ve learned with insurance that we didn’t ask any of the right questions.’

      Like what exactly does this policy cover and what exactly doesn’t it cover?

        1. A commission was likely collected when the policy was sold, so one would expect a fiduciary responsibility to inform their client of the limitations.

          1. They probably tried to get the policy holder to buy much more while listing the reasons but the options cost too much money! Accepting more coverage would increase the commission.

  2. ‘China is not behaving like a nation facing the prospect of economic pain and President Xi Jinping has made it clear that Beijing will not back down’

    They are doing the elbows up thing too.

    ‘With a population of 1.4 billion, China has, in theory, a huge domestic market. But there’s a problem. They don’t appear willing to spend money while the country’s economic outlook is uncertain. This has not been prompted by the trade war – but by the collapse of the housing market. Many Chinese families invested their life savings in their homes, only to watch prices plummet in the last five years’

    Oh that!

      1. People that bought a decade or more ago are sitting on hefty equity and very low holding costs.

        Zero property taxes in the PRC.

    1. “Where there is no vision, the people perish.” The corrupt, tyrannical CCP is presiding over a large-scale population decline as young couples cannot afford to raise children, and do not want to have their offspring facing a bleak, pointless existence under Communism. Demographic collapse could ultimately be the undoing of the CCP and central planners.

      Where did all the people go? Empty villages belie the CCP’s “1.4 billion population” claim.

      https://www.youtube.com/watch?v=o1x-W3i3k0Q&t=12s

      1. IMO this YT channel likes hyperbole. But it seems as the article above points out, the Chinese malaise began before the tariffs, due to real estate drops. The tariffs made it worse. The high unemployment in both the youth and the 30/40 year olds does not bode well for domestic consumption increase to offset the loss of exports.
        The gap between the rich and the poor is very high, meaning about 1% of the people own 90% of the China’s wealth. I could only be a matter of time before there is an uprising that could result in CCP government falling.

        1. Please consider basic subsistence in China is very, very affordable, especially compared to America.

          Hospitals are cheap unless you have cancer or something serious? Diabetes medicine and stuff like that is heavily subsidized.

          Food basics like rice, pork, and green vegetables are very cheap.

          Housing has zero property taxes, so you can live in multigenerational housing.

          It’s not like America where food is obscene, health insurance costs hundreds per month, etc. In America TVs and shoes are cheap but living is not, whereas in China TVs and shoes are incredibly expensive but basics needed to survive are subsidized and cheap.

    2. Many Chinese families invested their life savings in their homes

      and their future life savings.

      1. “Many Chinese families invested their life savings in their homes
        and their future life savings.”

        Same as families (while fighting against investors and flippers) had to do in the USA.

        1. Same as

          My impression is the difference in extent is significant, and there is no escape through bankruptcy in the PRC.

  3. Despite having insurance and following all necessary protocols, she has been unable to return home and continues to pay her mortgage, homeowners association fees, and rent for her temporary residence.

    All together now: “But at least you weren’t throwing away money on rent.”

  4. “Price cuts and concessions are going to hit new highs under these circumstances.’”

    Concessions are price cuts!! Stop treating them differently. And it’s fraud that appraisals don’t calculate concessions into final appraised value.

  5. ‘I am working on Year 8 of not being able to sell my house, not being able to move, not being able to afford to replace the foundation.’”

    That sounds like a Michelle problem, Michelle. Not something for taxpayers to be burdened with.

    1. ‘I am working on Year 8 of not being able to sell my house, not being able to move, not being able to afford to replace the foundation.’”
      I don’t know this person’s situation but I gotta believe in 8 years she should have been able to solve the foundation problem. My guess is she is and always was, expecting someone else’s money to be used to fix her foundation.

  6. A lot of homeowners who are selling now also bought during the peak of the market in 2021 and 2022 and are trying to recoup their investments, according to Redfin agents. ‘

    How did you go broke, FOMO lemmings? Slowly, then all at once.

    1. The 1960s was a time when women didn’t want to be put in the kitchen, so they made kitchens uncomfortable. Which meant that ANYone who used to kitchen was uncomfortable. Such was the wisdom of the time.

      The photos helpfully include the page from the original floor plan book:

      “The idea house was conceived through the cooperative planning of 40 women. From their suggestions plans were drawn, and the many member of the Association and their manufacturing suppliers made it possible. Truly… it is an IDEA HOUSE.”

      To be honest, with a little renovation that could be a much nicer house. It seems to be in pretty good condition. Just combine the kitchen and dining room into a nice bigger kitchen, and make the formal living room the new dining room. Then update the living EFF out of the whole house. But that’s going to cost $75K at least.

      1. The 1960s was a time when women didn’t want to be put in the kitchen, so they made kitchens uncomfortable.

        Frankly, that is absurd.

        The kitchen was the focal point of family interaction and love. Not a bad thing at all.

        1. I used to have a lot of liberal friends. I made a break with them in early 2024. But years ago, this is what they told me.

          1. My mother did everything in her power to provide for her children and her life partner. My father also did. We children had our duties as well, though not so taxing.

            I was fortunate beyond description not to have such a “liberal” upbringing.

          2. “I was fortunate beyond description not to have such a “liberal” upbringing.”

            I grew up extremely poor in the 50s (born 1945) and can avow that my Mom cooked our meals on a wood fired dual
            stove/home heater until late 50s. Our focal point was a dining area with table that accommodated us all sitting for a meal. However, our house and kitchen was never featured on any show or any propaganda that pictured what you described.

    1. Dow slides 400 points after data shows economy contracted last quarter: Live updates
      Sean Conlon
      Pia Singh
      Traders work on the floor at the New York Stock Exchange (NYSE) at the opening bell on April 29, 2025 in New York City. Stock markets advanced on Tuesday following news that Donald Trump plans to spare automakers from some of his wide-ranging tariffs, boosting hopes of a less combative approach to his trade war. (Photo by ANGELA WEISS/AFP via Getty Images)
      Traders work on the floor of the New York Stock Exchange (NYSE) on April 29, 2025 in New York City.
      Angela Weiss | Afp | Getty Images
      Updated Wed, Apr 30 2025 9:32 AM EDT

      Stocks fell on Wednesday to wrap up a volatile April after data showed the U.S. economy contracted in the first quarter as President Donald Trump’s flurry of policy moves, especially on trade, weighed on business sentiment.

      The Dow Jones Industrial Average
      fell 408 points, or 1%. The S&P 500 was off 1.5%, while Nasdaq Composite lost 2%.

      First quarter gross domestic product declined at a 0.3% rate, the Commerce Department said on Wednesday, a rapid reversal from a 2.4% increase in the fourth quarter. Imports surged by 41% in the last quarter, subtracting from GDP, as companies sought to get ahead of Trump’s global trade fight.

      A separate report from ADP also signaled an economic slowdown, with private payroll growth slowing in April to just 62,000 during the month. That was well below the Dow Jones consensus estimate from economists of 120,000.

      The sour GDP data put a damper on what has been a remarkable comeback in stocks for April.

      https://www.cnbc.com/2025/04/29/stock-market-today-live-updates.html

    2. Warren Buffett’s Advice on What To Do When the Stock Market Crashes

      How the Oracle of Omaha Profits When Others Panic
      By Zaw Thiha Tun
      Updated March 17, 2025
      Warren Buffett standing with a group of other business people.
      Daniel Zuchnik / Contributor / Getty Images.

      Since 1965, shares of Warren Buffett’s conglomerate, Berkshire Hathaway (BRK.B), have delivered a compounded annual return of 19.9%—almost double that of the S&P 500 over the same period. Unlike many of Wall Street’s famous money managers, Buffett has thrived during market crashes by following a straightforward approach any investor can follow: buying quality businesses at discounted prices when others are selling in a panic.

      Below, we break down the principles that have kept Buffett successful through several market crashes.

      – Buffett turns market crashes into opportunities by following his own advice to “be fearful when others are greedy and greedy when others are fearful.”

      – Focusing on strong business fundamentals rather than short-term price movements has been central to Buffett’s success, as demonstrated by his long-term holdings in companies like Coca-Cola Co. (KO) and American Express Company (AXP).

      Principle 1: Stay Calm and Avoid Panic Selling

      Buffett often emphasizes that “the stock market is designed to transfer money from the
      active to the patient.” He cautions against emotional decision-making during market downturns, noting that selling out of fear often leads to significant losses.

      https://www.investopedia.com/warren-buffett-on-stock-market-crashes-11693767

      1. Buffett often emphasizes that “the stock market is designed to transfer money from the active to the patient.”

        Wrong. The Fed’s engineered boom/bust cycles are the most efficacious means of looting and asset-stripping the increasingly pauperized middle and working classes, and effecting the transfer of their wealth and property to the Fed’s oligarch and private equity accomplices.

    3. Trump points finger at Biden as stocks sink after GDP shows shrinking economy

      DJIA 40086.73 -1.09%
      S&P 500 5484.34 -1.38%
      Nasdaq 17148.35.-1.79%
      VIX 26.30 8.81%
      U.S. 10 Yr 4.179%
      Crude Oil 59.66 -1.26%
      Gold 3303.00 -0.92%
      Bitcoin 93986.83 -1.42%

      Market Extra
      These are the 10 fund-management firms that lost the most money in the past decade.

      You’ll never guess No. 1.

      By Joseph Adinolfi
      Published: March 26, 2025 at 9:09 a.m. ET

      Surprise, surprise — Cathie Wood’s ARK Invest has incinerated more investor capital than any other fund-management firm over the past decade, according to Morningstar. Photo: AFP via Getty Images

      https://www.marketwatch.com/story/these-are-the-10-fund-management-firms-that-lost-the-most-money-in-the-past-decade-youll-never-guess-no-1-d07d2196

    4. Why the famed emerging-markets investor Mark Mobius is 95% in cash

      Markets are dealing with a new kind of shock. The S&P 500 might not have bottomed yet, says Goldman Sachs
      Economic data may need to stabilize before the stock market can.
      By Barbara Kollmeyer
      Last Updated: April 30, 2025 at 8:41 a.m. ET
      First Published: April 30, 2025 at 6:52 a.m. ET
      Goldman Sachs says stocks may not find a floor until economic growth bottoms. Photo: Getty Images/iStockphoto

      Stocks are about to close out another volatile month of trading not all that far from where it started.

      The S&P 500 is looking at a 0.9% drop for April, which is an improvement on a 5.7% March drop, thanks to calm seen in the latter half of the month. Nonetheless, many investors and Wall Street watchers remain on edge.

      https://www.marketwatch.com/story/markets-are-dealing-with-a-new-kind-of-shock-the-s-p-500-might-not-have-bottomed-yet-says-goldman-sachs-75009870

    5. Markets
      3 market signals that could be setting the stage for another correction
      By Filip De Mott
      Stock trader looking at a screen
      Michael M. Santiago/Getty Images
      Apr 29, 2025, 8:11 AM PT

      Tariffs and recession fears have created conflicting outlooks in the market, Deutsche Bank says.
      Investors expect both lower interest rates and higher inflation.
      Meanwhile, stocks and bonds are signaling two different things.
      Navigating the US market has been tough this year.

      Between President Donald Trump’s tariffs, creeping recession uncertainty, and fears of higher inflation, the environment looks “ripe for a correction,” Deutsche Bank wrote on Tuesday.

      Here are three signals the bank has flagged that could be pointing to a fresh correction in the stock market if reality doesn’t meet investors’ expectations.

      https://www.businessinsider.com/stock-market-outlook-analysis-signals-bonds-yields-rate-cuts-inflation-2025-4

  7. “Data for March from Phoenix Realtors indicates the number of homes for sale in Gilbert soared by 89.3% over March 2024 to 833.

    Is that a lot?

  8. Title of the Phoenix article: “Gilbert housing market approaching a balance.” Lying REIC shills in the garbage legacy media can’t bring themselves to acknowledge that soaring inventories of unsold overpriced shacks are a leading indicator of a bursting housing bubble.

  9. If you overprice, chances are you’ll get no activity, and then it will become even harder to recoup your investment.’”

    “Recoup your investment”? Dream on, lying REIC shills. The FOMO lemmings are in for severe rectal trauma as they chase the market down. Got popcorn?

  10. Contractors are stocking up on stuff for upcoming jobs , anything from Canadian lumber , to commodes made in China , which is all of them ..I’m old enough to remember the great potty shortage of the late 1970’s ,for a while there, new houses were setting empty, because there were no pottys, in the bathrooms …odd indeed .

    1. In a couple months I’m going to start looking into having some electrical work done of the house. Is this a good time? It’s not urgent. Should I rush it, or wait more months?

      I already have most of the new lighting fixtures, but that’s the fun stuff. I’m thinking stuff like cables, boxes, outlets, braces, the piece/parts that I don’t know about. Will there be enough of those supplies?

      1. In residential, the only materials I can see being seriously affected are breakers and lighting fixtures.

        Plastic boxes, copper wire should be fine. Switches and outlets may cost more but I don’t see empty shelves happening on basic materials.

        1. OK thanks. Are breakers the switches that replaced the old fuses? I’m thinking of asking for a new box because I’d like an idiot-proof kill switch and a separate emergency circuit in case I ever get a generator or battery backup.

          And probably an electric car charger. I don’t have an EV, but I anticipate that plug-in hybrids are not far off. Also, I plan to sell in 6-7 years and that’s a nice feature to have. May as well get it all done at once.

          1. I plan to sell in 6-7 years

            Do what you need for YOU. Upgrades for the unknown buyer will usually not repay you for the expense.

  11. I explain that they didn’t lose money because however much money they could have made in the past is hypothetical money.

    Realtor maff. Just give it to the greedheads straight: the scamdemic-era shack valuations were only possible in a world awash with central bank funny money. But now the party’s over and the financial reckoning day is at hand. But you stick to yer guns, greedheads – you are ENTITLED to recoup your “investment,” and Shirley a creditworthy sap will be along any day now who recognizes yer listing is SPECIAL.

  12. “prices will have to come down when supply exceeds demand”

    I was having this conversation with a coworker yesterday. He was asking why I think rents will come down in our area. Our little town in the West has a population of about 70k. At any given time we usually have 10 to 20 SFRs on the market for rent. And they usually sit for a bit (those that are over priced are really sitting). Now suddenly American Homes For Rent has come in to our town and are currently building 40 SFRs rentals that they’re gonna drop on the market all at once this summer. So a town that normally sees less than 20 homes for rent at any given time is now gonna have 60 all at once. Hmmmmm, wonder how this will work out.

    1. At some point, renters need to mobilize to drive the private equity locusts and corporate landlords out of residential real estate markets.

  13. We deduce that a clear downward trend in home prices has now been established.

    That’s REIC shill-speak for “the cratering only accelerates from here.” Gravity is not your friend, greedheads.

  14. ‘There are so many aspects of insurance that are so unknown to people and that can’t be singular to us,’ Annemarie said.

    Annemarie, you can take solace in the fact that there are millions of idiots out there just like you & hubby.

  15. Real Estate
    Homebuyer mortgage demand drops further, as economic uncertainty roils the housing market
    Published Wed, Apr 30 2025 7:00 AM EDT
    Updated 3 Hours Ago
    Diana Olick

    KEY POINTS

    – The average interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased to 6.89% from 6.90%

    – Even with rates much lower than a year ago, potential buyers are hitting pause.

    – Applications to refinance a mortgage were still significantly higher than they were at this time last year.

    https://www.cnbc.com/2025/04/30/homebuyer-mortgage-demand-drops-further-as-economic-uncertainty-roils-the-housing-market.html

  16. The University Park loan default is not the only East Bay complex that has been jolted with loan issues. In recent months, lenders have seized multiple apartment buildings to satisfy delinquent or failing loans.”

    Few things are more satisfying than seeing CRE speculators and lenders eating yuge losses, especially if it leads to a return of sound lending policies.

  17. Many Chinese families invested their life savings in their homes, only to watch prices plummet in the last five years.”

    The CCP & PBOC encouraged and enabled speculative malinvestment on a grand scale. Now the chickens are coming home to roost. When will the stamping of little feet be replaced by picking up pitchforks & torches?

  18. Can you say Bit#h slapped? Sure you can. I knew you could.

    0:31

    Sortor
    @nicksortor

    🚨 President Trump is brutally ROASTING ABC to their faces

    “We had a President that was grossly incompetent. You knew it, I knew it… But you guys didn’t want to write it because you’re FAKE NEWS.

    And by the way, ABC is one of the worst.” 🤣🔥

    From
    Rapid Response 47

    9:19 PM · Apr 29, 2025
    ·
    https://x.com/nicksortor/status/1917388288018497693

    1. Yahoo Finance
      Trump: ‘I have a Fed person who is not really doing a good job’
      Ben Werschkul and Jennifer Schonberger
      Tue, April 29, 2025 at 4:12 PM PDT 2 min read

      President Trump once again went after the Federal Reserve on Tuesday, saying at a rally in Michigan that “I have a Fed person who is not really doing a good job.”

      It was an apparent reference to Fed chairman Jerome Powell, although he didn’t mention Powell by name, with Trump saying, “I want to be very nice and respectful to the Fed.”

      “You are not supposed to criticize the Fed; you are supposed to let him do his own thing, but I know much more than he does about interest rates, believe me,” he added.

      https://finance.yahoo.com/news/trump-i-have-a-fed-person-who-is-not-really-doing-a-good-job-231259807.html

  19. This has not been prompted by the trade war – but by the collapse of the housing market.

    The globalist scum media will never acknowledge this, but the collapse of the housing market is really driven by a demographic collapse as young couples cannot afford to bring children into the world, nor do they want their children to grow up under Communist tyranny and malgoverance. The CCP’s Democrat-Bolshevik ideological junior partners are also willfully refusing to see that demographics is destiny, even as China enters a collapse trajectory.

  20. Is anybody going to cough up $25 to listen to Kamala slur a word salad speech tonight?

    Kamala Harris mocked ahead of $25-per-stream speech marking return to national stage

    By Victor Nava
    Published April 29, 2025, 2:24 a.m. ET

    Former Vice President Kamala Harris is set to deliver her most extensive public remarks since losing to President Trump later this week — but social media users are already roasting the failed 2024 Democratic presidential candidate’s return to the political stage.

    Harris, 60, was announced Monday as the keynote speaker for Emerge America’s 20th anniversary gala, which will take place Wednesday night in San Francisco.

    Ticket packages for the Emerge America fundraiser, a group that trains Democratic women to run for office, range from $50,000 for top-level sponsorship to $250 for a general admission seat.

    A livestream-only “digital ticket” will set you back $25, according to the group’s website.

    https://nypost.com/2025/04/29/us-news/kamala-harris-mocked-ahead-of-25-per-stream-speech-marking-return-to-national-stage/

    1. This babbling moron was the best the Democrat-Bolsheviks had to offer in the last election. IDIOCRACY was supposed to be entertainment, not prophecy.

  21. Is anybody going to cough up $25 to listen to Kamala slur a word salad speech tonight?

    Kamala Harris mocked ahead of $25-per-stream speech marking return to national stage

    By Victor Nava
    Published April 29, 2025, 2:24 a.m. ET

    Former Vice President Kamala Harris is set to deliver her most extensive public remarks since losing to President Trump later this week — but social media users are already roasting the failed 2024 Democratic presidential candidate’s return to the political stage.

    Harris, 60, was announced Monday as the keynote speaker for Emerge America’s 20th anniversary gala, which will take place Wednesday night in San Francisco.

    Ticket packages for the Emerge America fundraiser, a group that trains Democratic women to run for office, range from $50,000 for top-level sponsorship to $250 for a general admission seat.

    A livestream-only “digital ticket” will set you back $25, according to the group’s website.

    https://nypost.com/2025/04/29/us-news/kamala-harris-mocked-ahead-of-25-per-stream-speech-marking-return-to-national-stage/

    1. LMAO!!!

      Food? Hot water? Snacks?

      Sweetie you ever seen a C.A.R.E. commercial?

      You’re lucky it’s only lizards and scorpions because I’m pretty sure the lions aren’t too far way.

      1. “Who moves to a place they’ve never even visited?”

        Somebody who was dumb enough to listen to the Rachel Maddow’s of the world talking about what would happen to this country if Donald Trump was elected.

    2. Hey Honey how about we butcher one of those malnourished cows outside this weekend and have us a barbecue.

  22. A Former USAID Worker on Cuts, Life After Layoffs, and Trump’s First 100 Days

    Today, we hear from Megan, a former worker at US Agency for International Development, which the Trump Administration has largely dismantled and is attempting to fold into the State Department. Megan asked to only be identified by her first name.

    How did all of this make you feel?

    It was pretty devastating and hard to come to terms with. Everything I had been doing and thinking was important for myself, the US government, and the world was just gone. I always liked doing work that benefited others, and the thought of going to work in the private sector or working for a company, it’s just not the same.

    The pointed cruelty of what they did and the lack of care about the impact of what they were doing, to people in the US and around the world, is very hard to comprehend. The people doing it obviously just don’t care, but it’s hard for me to imagine being that person. How could you not care about the impact of what you’re doing?

    Also, there’s just so much anger. Looking through the daily barrage of everything that was happening, the intent was to overwhelm everybody, which they succeeded at. But it’s just outrageous, and hard to get through it all so I can get to a place where I’m able to take some action or have an impact or do something. I’ve stopped looking at Signal chats all the time and stopped reading the news and tried to just make it a little more of a sane space for me to figure out what to do throughout the day and then what I want to do in the future.

    What has life looked like for you and your coworkers since then?

    For me, it’s been a mixture of trying to find work and trying to think about how to reshape my resume and career, since the place I’ve been working for the past 20 years, the whole field, is gone. There’s so many other people with similar skills and expertise, and all of us have to figure out how to reshape our professional lives in an environment where there’s not going to be that many jobs. It’s been clear there won’t be a lot of foreign assistance funding, there won’t be a lot of engagement of the US with other countries on issues like global public health. The opportunities are limited. I’ve been looking at local and, within the DMV, state jobs. I’ve been looking in academia. There are some philanthropies or private foundations that are still working.

    But also, I’ve been thinking, is it going to be sustainable to continue living in Washington, DC? I know I’m not the only one thinking about that. If there aren’t jobs here for the foreseeable future, and the cost of living here is so high, I think a lot of people will be thinking about going somewhere else. Luckily, my spouse is still employed. So, I’m not in the same circumstance as a lot of people where both partners worked for USAID and they’re both immediately out of work.

    Any other thoughts?

    I first moved to DC first in [the early 1990s], so I’ve worked under different administrations in different jobs, but never has anyone ever anticipated anything like this. You always prepare for the transition. You know things are going to be different, and you know the policies, generally, that the new administration has. You’re a civil servant, so you adjust and you do your job. This has just been the most horrible thing. No one imagined this.

    https://www.washingtonian.com/2025/04/30/pointed-cruelty-a-former-usaid-worker-on-cuts-life-after-layoffs-and-trumps-first-100-days/

    1. “and the thought of going to work in the private sector or working for a company, it’s just not the same.”

      Damn straight.

      Number 1 you can kiss that gold plated Health coverage goodbye and number 2 if you don’t actually show up every day and perform you had better be ready to look for another job.

    2. Everything I had been doing and thinking was important for myself, the US government, and the world was just gone.

      You were pouring my hard-earned tax dollars down every corrupt 3rd World sh*t-hole country on the planet. If you want to donate your own funds, all power to you, but “generosity” at my expense has gone on far too long. Now your benevolent “US government” is $36 trillion in the hole. So you & your fellow FedGov parasites can go forth & conquer in our globalist-looted economy like the rest of us plantation serfs, but your days of “doing what was important” on my dime are over, Sweetie.

    3. For me, it’s been a mixture of trying to find work and trying to think about how to reshape my resume and career, since the place I’ve been working for the past 20 years, the whole field, is gone.

      The thing about parasitism is that sooner or later, it threatens to kill off the productive host. That’s exactly what 50 years of globalism has done to the former USA. Megan just had the sad misfortune of reaping the blowback against late-stage parasitism, and now she gets to “reshape my resume and career” by moving beyond parasitism and figuring out a way to create wealth and show value. May I suggest heading down to your local farm & having a go at picking crops?

    4. There’s so many other people with similar skills and expertise,
      Yeah, and a lot of those people with your same skill set will soon be saying ” You want fries with that?”
      However, I have seen several ads looking for underground coal miners in WV in case you are interested.

  23. Laid-Off Federal Workers Hoped to Land in State and Local Jobs. The Reality Is Messy.

    State and local governments rolled out the red carpet to federal workers who were laid off en masse this year. But months after losing their jobs, many federal applicants are still waiting to get through the door.

    “I’ve not gotten one single call from anyone yet,” said Aeron Miller, 47 years old, who has applied for county and state jobs in Maryland. Miller was in the Air Force for several years, then worked in civilian jobs for the federal government for about 20 years. She took a buyout in February rather than returning to the office, which would have meant a commute of up to two hours.

    At a March job fair in Odenton, Md., for federal workers, Miller perused tables advertising careers in everything from public safety to sanitation, but didn’t see much she was qualified for—or that interested her. “I don’t know how to fix roads or go out when they have emergencies with the pipes flooding,” said Miller, who handled freedom of information requests at the Pension Benefit Guaranty Corp.

    The search hasn’t been easy for many people who attended the Maryland event. Some federal workers had been laid off, while others were still employed but looking for exits. “My mom always told me it’s easier to find a job when you have a job,” said Brandon Odom, 32, a five-year veteran of the Education Department, who lost his job shortly after the fair. He has applied for several local-government jobs, but hasn’t heard back.

    It takes 130 days on average to fill a local government job, compared with about 36 days in the private sector, according to Neogov data, and during that time, many applicants drop out or find other positions.

    “I assume they’re overwhelmed with applicants,” said Ariella Camera, 37, a former U.S. Agency for International Development worker who started tuning into online job fairs for federal workers and applying to local government jobs after being put on administrative leave in February. Camera received her layoff notice last month and is interviewing for jobs in the private and nongovernment organization sector.

    https://www.msn.com/en-us/money/markets/laid-off-federal-workers-hoped-to-land-in-state-and-local-jobs-the-reality-is-messy/ar-AA1DFo8C

    1. “I’ve not gotten one single call from anyone yet,” said Aeron Miller, 47 years old, who has applied for county and state jobs in Maryland.

      That’s because you have no marketable skills.

    2. Camera received her layoff notice last month and is interviewing for jobs in the private and nongovernment organization sector.

      For decades, Democrat-Bolsheviks have funneled taxpayer funds to NGOs to advance globalist agendas. Now the gravy train is being derailed, which means NGO Comrades of Proven Worth will be getting the heave-ho just like their FedGov counterparts. This is exactly what I voted for.

    3. WTOP radio had a few news segments on how the state of MD of encouraging federal workers to consider becoming teachers. I guess someone has to educate all the migrants and the at-risk teens.

      1. Libtard FedGov castoffs getting culturally enriched in the jungles our NEA indoctrination mills have become would be a teachable moment.

  24. 100 Days Of Trump: Migrants Fret Over Deportation

    San Diego: Rosalba Hernandez used to keep her children’s birth certificates close at hand in case an earthquake struck her part of California. But since Donald Trump returned to the White House, it’s more because she’s worried about immigration raids.

    “You don’t live your normal life anymore,” Hernandez, 46, told AFP in southern California, which she has called home for half her life. Hernandez, now a mother of five, left Mexico with her eldest daughter in her arms more than two decades ago and arrived in the United States.

    She was briefly detained under the first Trump administration in 2019, when immigration agents raided the supermarket where she worked. The experience frightened her, but Hernandez, who now works in a restaurant, says she’s never been as terrified as she has been in the past three months.

    “You go to work but you don’t know what’s going to happen… you don’t know if you’re going to be able to go home or not,” she said. “With all the focus on deporting people, they don’t care. Even if you don’t have a criminal record, you have the bad luck of passing by when they’re making an arrest or waiting for someone,” she added.

    To reduce the risk of encountering agents, Hernandez now limits her outings only to what is strictly necessary — and even then she is extra cautious. When she goes to work or takes her children to school — four of them are US citizens by birth — she first checks for suspicious cars outside, or consults text chains involving friends, neighbors and non-governmental organizations.

    One of these sources of information is Union del Barrio, a group that patrols the streets of San Diego and Los Angeles before dawn to be on the lookout for potential raids. “The goal is to see nothing, but if we see something, we inform the community,” said Ron Gochez, a member of the organization.

    “The community is very scared,” said Gochez, whose day job is teaching history in a public school. “About 10 percent of my students have disappeared. They just don’t go to school anymore.” Gochez, 43, said he knew of at least one student whose family fled to El Salvador for fear of being caught up in raids.

    Community life has also diminished, he says, with church attendance down, and quinceaneras — coming-of-age parties for girls turning 15 — becoming rarer. At the end of each patrol, Union del Barrio posts images on social media so neighbors know if their area is free of raids. This information is vital for people like Hernandez, who says she fears daily being separated from her children.

    “If I have the opportunity to stay here, it’s to help them get ahead and have a better future,” she said. “I don’t want them to have to work sometimes up to 16 hours a day.” Despite the risk, Hernandez said she wasn’t afraid of giving an interview and was not ashamed. “I’m not saying anything that isn’t true,” she said.

    “Like many people, I am working. We’re not doing anything bad for this country. “We all come to work, and our work contributes to the economy of this country.”

    https://www.etvbharat.com/en/!international/100-days-of-trump-migrants-fret-over-deportation-enn25043005156

    1. As usual, the globalist scum media article omits any mention of her immigration status. Came here illegally? GTFO and go through the legal immigration process, if you qualify.

    2. “Like many people, I am working. We’re not doing anything bad for this country. “We all come to work, and our work contributes to the economy of this country.”

      Gosh, by that logic, why not let a billion more people in the country. Imagine the contributions to the economy!

    3. Rosalba Hernandez used to keep her children’s birth certificates close at hand

      Ironically Rosalba, you had a large window to get your papers sorted all legal, and you didn’t do it.

    4. —————
      “consults text chains involving friends, neighbors and non-governmental organizations… One of these sources of information is Union del Barrio, a group that patrols the streets of San Diego and Los Angeles before dawn to be on the lookout for potential raids. “The goal is to see nothing, but if we see something, we inform the community,” said Ron Gochez, a member of the organization.

      At the end of each patrol, Union del Barrio posts images on social media so neighbors know if their area is free of raids. This information is vital for people like Hernandez, ”
      ——————-

      How legal is this? Isn’t this something like what they arrested that judge for?

      And to be honest, I had no idea how many anti-illegal alien laws were already on the books. Very easy for any government to just enforce, no “comprehensive immigration reform” needed.

      It’s still going to take some time to cut off the funding. Congress really needs to pass their reconciliation bill.

      1. Perhaps, but there seems to be an unending supply of liberal judges to block ANYTHING that the Trump administration tries to do, regardless of the right or wrong of the issue.

  25. East Valley Tribune in Arizona. “Gilbert may be heading toward a balance[d] residential housing market, meaning neither sellers nor buyers have any distinct advantage at the bargaining table.”

    https://www.eastvalleytribune.com/gilbert-housing-market-approaching-a-balance/article_bab900b2-d0b0-51cf-aa0c-8b9554143b6d.html
    Gilbert housing market approaching a balance
    By Paul Maryniak, GSN Executive Editor 8 hrs ago

    “Data for March from Phoenix Realtors, the Valley’s largest association of real estate professionals, indicates the number of homes for sale in Gilbert soared by 89.3% over March 2024 to 833.”

    “That data also showed 268 homes sold last month in Gilbert – a 6.3% year-over-year increase – but the median sales price bumped up only 1.8% while the average price of $734,104 was 6.3% higher than March 2024.”

    Houses above about $500k are still selling pretty well, for now, and skewing the median sales and price numbers higher.

    “In the current environment we do not expect demand to improve significantly,” the Cromford Report said April 10. “Supply is still increasing, which is unusual for April and therefore another negative signal.”

    “Unlike the stock and bonds markets, movement in the housing market is slow and steady but unfortunately for sellers, the movement is slow and steady in the wrong direction.”

    From second article:

    A press release. “The typical home for sale is listed for 9% more (or $38,672) than the typical home is selling for—the biggest gap since May 2020.”

    https://www.redfin.com/news/home-sale-price-vs-list-price-2025/
    The Typical Home Seller Wants $39,000 More Than the Typical Buyer Is Willing to Pay
    April 29, 2025 by Lily Katz

    “The prices home sellers are asking for and the prices homebuyers are paying haven’t been this out of whack since the start of the pandemic.”

    From the article for the greater Phoenix, AZ MSA:

    Metro Area: Phoenix, AZ
    Median List Price: $499,900
    YoY Change in Median List Price: 5.2%
    Median Sale Price: $470,000
    YoY Change in Median Sale Price: 2.4%

    Bob Farrell’s 10 Rules of Trading; #s 1, 2, 10. These rules are for trading stocks, but now apply to housing, since it’s been financialized into just another speculative asset.

    #1 Markets tend to return to the mean over time.
    #2 Excesses in one direction [price increases] will lead to an opposite excess [price declines] in the other direction.
    #10 Bull markets are more fun than bear markets.

    I don’t think that Gilbert/Phoenix, AZ, or the U.S. in general are heading towards a “balanced” market. That sounds like wishful thinking to me. There’s never “a permanently high plateau” in asset prices, especially in a bubble. It could be different this time, but the extreme lack of affordability for most is going to drive the market going forward, IMHO, as it should. Prices are too darned high. Asset bubbles always burst. “Got popcorn?” 🍿

  26. Trump’s deportations are turning immigrant communities into ghost towns

    In the hills above California’s Half Moon Bay, immigrant families are not leaving the farms where they work. The once-bustling streets of New York’s Jackson Heights have grown eerily quiet. And in Chirilagua, Virginia, some are saving money to return to their home countries.

    The streets of Chirilagua once boomed with the sounds of merengue and salsa. Vendors flooded the small main street of the Alexandria, Virginia neighborhood, dealing out aguas frescas and Latin American treats minutes away from the nation’s capital.

    Today, the noise and business are both muted. Shopkeepers say customers are staying home because the area’s residents are afraid of deportations, with rumors that Immigration and Customs Enforcement agents are staking out nearby parking lots and arresting people in apartment complexes.

    Alicia Cabrera, 60, the owner of Marcella’s Bakery, a Chirilagua staple known for its fresh-baked empanadas and conchas, said she’s reduced staffing hours due to declining foot traffic. Twenty years after immigrating from Bolivia, she’s shocked by how the neighborhood changed in just weeks.

    “Everyone that comes here says ‘do what you came to do and get out,’” Cabrera told The Independent during a weekday visit. At 2 p.m., few customers dotted the business’s main dining room as baked goods piled inside glass cases. “At this time, we normally would be really busy. Now, we’re waiting for clients to come.”

    Other local businesses are laying people off because of poor sales or are struggling to get their workers to show up because they fear raids. One clothing store attendant, who did not wish to be identified, told The Independent she’s seen owners temporarily shut their doors with tears in their eyes, worried immigration officials will show up any moment.

    Gathered around the bar at Salvadorian restaurant El Cuscatleco, Diego Alvarez, 38, is watching a midday soccer match with a few other locals, their cheers echoing through the mostly-empty hangout. Most of his friends are leaving the house less and saving so they can to go back to their countries. Some of his family and friends have already been deported this year.

    “They feel like prisoners,” said Alvarez of his fellow residents. “They don’t want to keep living here because of Trump’s politics.”

    Robin Camozzi raises cattle, boards horses, and manages Half Moon Bay Feed & Fuel Company, a farm and ranch supply store that’s been open since 1911. She said her employees don’t seem overly concerned. People have begun harassing Latinos locally, including filming them, barging into a farmworker housing project, and telling them to go back where they came from. Someone sent threatening post cards to Ayudando Latinos A Soñar with the words, “Trump’s coming.”

    The fear has been fueled by events both real and imagined. ICE raids hit New York just a week after Trump’s inauguration. Since then, group chats constantly buzz with news of sightings of ICE agents or an upcoming raid — although much is just rumor, says Nuala O’Doherty-Naranjo, an immigration attorney who runs a support center for migrants out of the basement of her Jackson Heights home.

    She believes the Trump administration has been trying to scare people into deporting themselves, or at least into hiding.

    “It’s working,” she says. “It used to be a very bustling neighborhood, but people are nervous.”

    https://www.newsbreak.com/the-independent-517119/3985592024957-trump-s-deportations-are-turning-immigrant-communities-into-ghost-towns

    The comments are a hoot!

    ‘I love how all these stories do not designate between illegal and legal immigrants. The legal immigrants are NOT living in fear, and they actually want the illegals gone more than the Americans. The illegals need to go now, and soon Americans will be turning all the illegal ones in to ICE. 😁👍’

    ‘exactly. legals want illegals outa here too.’

    1. Illegals keeping a low profile = fewer drunk, uninsured motorists to contend with. Oh, the tragedy, the pathos!

    2. A couple snippets from Chat GPT:

      1. The law is clear the an illegal immigrant must file an asylum case within one year of arriving in the country.
      2. Even with appeals, an final asylum decision takes 6-7 years.
      3. There are a little under 2 million asylum cases pending.

      So that makes me think that there are 20+ million people here who are too late to file for asylum, or have already been denied asylum, and therefore have NO legal recourse to stay. I don’t even know what kind of due process they would get, if any.

  27. The Canadian Election Does Not Matter

    The Liberals won the Canadian election Monday, despite early polling favoring Pierre Poilievre and the Conservatives. The cause of Poilievre’s reversal of fortune owes to two factors. One, the Liberals replaced the unpopular Justin Trudeau with Mark Carney as prime minister before the election. Two, Canadians associated the Conservatives with Donald Trump, who’s seen as a national enemy.

    The latter factor has made a number of American conservatives lash out at Trump. Apparently, it’s a massive loss that Pierre Poilievre is not the new prime minister. Except it isn’t. The election doesn’t actually matter to Americans. No matter who would be the new prime minister, Canada would attempt a tough line against Trump. Both serious options in Canada suck. The Conservatives are the equivalent of moderate Democrats. They are not Trumpists at all.

    There is no real reason to be upset that Poilievre lost.

    Poilievre was no Trump fan. He vowed to “retaliate” against American tariffs and repeatedly criticized the president for suggesting Canada should become the 51st state. His stance was not significantly different from that of the Liberal Party. Neither party looked to be a Trump ally. Each was going to be hostile to the current administration. If your main concern was getting a friendlier prime minister, there wasn’t much of a choice here.

    If you were concerned with Canada adopting a more sensible immigration policy, Poilievre wasn’t great either. He has long championed immigration to meet Canada’s “business needs.” He believes employers should set the rates of immigration, which means they would happily welcome in hundreds of thousands of cheap foreign labor. At times, he did sound like he might support some cuts to migration. He believes the country’s immigration rates should be tied to housing development. Canada faces a housing shortage largely due to mass immigration. That might sound radical, but the Liberals also suggest a similar solution. Trudeau moderated his immigration enthusiasm during his last year in office. Carney continued this trend and campaigned on making immigration “sustainable.” The only notable difference between the parties is that the Conservatives emphasize cultural “integration” more than the Liberals.

    There is a genuine conservative party in Canada. It’s called the People’s Party, and it got less than one percent of the vote. Canada’s system, like ours, makes it tough for third parties. Besides the two major parties, only the Bloc Quebecois and the far-left New Democratic Party make an impact.

    The fact a genuine conservative party does so poorly and that the “Conservative Party” is so liberal speaks to the inherent “libtardism” of Canadians. This is a country whose national identity is based around not being Americans. Canadians and Americans have a lot in common. We both speak English and both countries were founded by Anglo-Protestants. Our cultures and accents are pretty similar. Canadians have to figure out ways to differentiate themselves. So they like to do the opposite of what Americans do. They love to think of themselves as more progressive and tolerant than their redneck neighbors. This makes them champion mass immigration, infringe on individual liberties, and boo our national anthem. If Trump does cool stuff as president, it’s guaranteed that Canada will move in a different direction simply because it doesn’t want to be like America.

    Our country shouldn’t be run on the basis of what will hurt the Conservative Party of Canada. America First means America First. Anything bold and controversial the president does will be unpopular with our northern neighbors. We shouldn’t care what they think. Canada is an unimportant vassal state that bases its whole identity on not being us. They can care about us all they want. We don’t need to care about them. American right-wingers should care about elections in countries that matter with serious right-wing parties, like Germany and France. We don’t need to care about the election results in Malta or in Zanzibar.

    It would be nice if Canada did have a Trump-friendly right-wing government. But there was no chance of that. Whoever won would be an anti-Trump liberal. That’s why the election doesn’t matter.

    If you’re Canadian and upset over the election results, I can understand. But it’s silly to be upset over the results if you’re an American. We have a right-wing administration in our country, and that’s what really matters.

    https://www.highly-respected.com/p/the-canadian-election-does-not-matter

    1. Apparently, it’s a massive loss that Pierre Poilievre is not the new prime minister. Except it isn’t.

      Poilievre is the controlled opposition. Better to elect an avowed globalist stooge than a cuckservative sellout. Now K-dans get to reap what they voted.

    1. Shhhhhhh be vewy vewy quiet. We are twying to get a twice ordered deported human twafficking wife beating gang member brought back to our country the via the New York Slymes and the MSM evening news by calling him a Maryland father.

  28. Like him or not, this dude is pretty bad@ss.

    Barefoot Florida man wrangled 10-foot alligator next to highway

    Apr 29, 2025 #onlyinflorida #florida #alligator
    Mike Dragich, better known as the “Blue Collar Brawler,” wrangled a 10-foot alligator — while barefoot — along the side of Interstate 95 recently.

    https://youtu.be/hPm4UZQubFo?si=PmmEFZZInMuxP2H1

    1. Yet another one.

      Still is the land of the free and the home of the brave.

      Florida police officers bring unmanned boat to stop

      Updated: 1:41 PM EDT Apr 29, 2025

      SARASOTA, Fla. —
      Florida police officers jumped into action to stop an unmanned boat. According to the Sarasota Police Department, on Monday, its marine unit responded to a call of a boater overboard.

      The police department said the boat was circling unmanned at 40 mph. The Sarasota Police Department along with the help of the U.S. Coast Guard, the Sarasota County Sheriff’s Office, the Venice Police Department and SeaTow were able to slow down the boat.

      At that point, a Sarasota Police Department officer safely maneuver alongside the vessel, which allowed another officer to board the boat and bring the boat to a stop.

      As for the operator of the vessel, he told police that a larger boat cut in front of him. As he attempted to navigate the wake, he was thrown off the boat. The operator of the boat sustained minor injuries and was not wearing a life jacket.

      The police department noted that the man was not using the boat’s emergency cutoff switch at the time of the incident. No damage was reported to any vessels.

      Apr 29, 2025
      Video shows an officer jump onto high-speed runaway boat after a boater fell overboard in Sarasota, Florida near the Ringling Museum.

      https://youtu.be/9kH7PRMM1vw?si=4Xrn3AKVxPraw9qF&t=33

        1. What would men like Lia Thomas, Sam Brinton, Rachel Levine or Tampon Tim done in either one of those circumstances?

  29. March, ’25 pending home sales (PHS) up 6.1% MoM.

    https://www.housingwire.com/articles/nar-pending-home-sales-march-2025/
    Pending home sales post strong gain in March but lag behind 2024 pace
    The numbers foreshadow a sluggish spring homebuying season
    April 30, 2025, 2:16pm by Jeff Andrews

    “It’s the largest monthly increase since December 2023 and was largely buoyed by relatively lower mortgage rates in March, which averaged 6.65%, according to NAR. But it’s a decline of 0.6% year over year, suggesting that market conditions remain subdued.”

    MoM data is noisy vs. YoY, but +6.1% increase is a big number. Mortgage rates were lower in March, but not that much vs. today. This is existing (used/resale) home sales (EHS) and not new home sales (NHS). It’s a head-scratcher to me, especially since EHS – data released on Thurs., 4/24 were down -5.9% MoM for the worst March since 2009. March PHS +6%, while March EHS -6%. Just noisy data, or is there more to it?

  30. I love renting. My landlord wanted to raise rent 5%. I countered with common area carpeting gone and flooring put down with no rent increase or we take our 840 credit score elsewhere.

    Flooring installation is Friday. 😁

    1. With all the government job cuts, landlords in many towns will be hoping and praying for reliable tenants.

  31. The Most Important Difference Between Condos (GTA Condo Real Estate Market Update)

    Team Sessa Real Estate

    30 minutes ago

    We also discuss how the biggest difference between condos for sale is the owners and their situations. This episode looks at the current GTA Condo Markets – Toronto, York Region & Peel Region for the week ending April 23, 2025.

    https://www.youtube.com/watch?v=rnGQXO8yzxc

    14:39.

  32. ‘Despite having insurance and following all necessary protocols, she has been unable to return home and continues to pay her mortgage, homeowners association fees, and rent for her temporary residence. ‘Frustrated,’ she said. ‘Because I did everything I was supposed to have insurance. Make sure. And that’s the first time the place has been flooded. And then we get hit with all this other stuff and people doing crooked things, and then we’re stuck with a hole in the bag’

    It was still way cheaper than renting Nicole.

  33. Big Bear, CA, is a veritable cornucopia of delusional greedheads who bought at the peak of the scamdemic-era FOMO bubble, and are in deep denial that a brutal schlonging awaits them as they chase the market down.

    https://x.com/BigBearBummers

  34. ‘I am working on Year 8 of not being able to sell my house, not being able to move, not being able to afford to replace the foundation’

    Jeebus, get up off yer knees and accept that yer fooked Michele. 8 Years with a capital Y?

  35. ‘A lot of sellers are bringing up comps from a year ago, and I have to tell them that’s no longer the environment we’re in…they’re holding onto this idea that they lost money. I explain that they didn’t lose money because however much money they could have made in the past is hypothetical money. The most important thing you can do as a seller right now is fairly price your home. If you overprice, chances are you’ll get no activity, and then it will become even harder to recoup your investment’

    Good job Chaley, talk em’ down outta that tree.

    1. Crazily enough, this has always been the law — to maintain permanent residency you must be a person of good moral character who does not advocate for systems of government such as communism.

      For decades the US FedGov just chose to ignore their own laws.

      And now Big Bad Orange is just enforcing what Congress passed.

  36. ‘If conditions stay on their current track, sellers will have even more of a challenge in the second half of 2025 as each seller will be competing with too many other sellers who are equally anxious to attract a firm offer. Price cuts and concessions are going to hit new highs under these circumstances’

    Cromford and Tina are saying look out below. They are perma bulls. Two weeks ago UHS Rick said in a video they already hit 100 degrees. It dies every year when that starts.

    ‘Although there are more buyers about at the moment, they have a lot of choice and growing bargaining power, especially in the outlying and less expensive areas. With patience and care, they should be able to secure a good deal if the seller is realistic about market conditions. If the seller is unrealistic, there is no harm in walking away. Pricing finally shows signs of weakening for the bulk of the market. We deduce that a clear downward trend in home prices has now been established. With the hottest months still in front of us, that is not likely to reverse anytime soon’…‘The cost of building a home is rising quickly because so many of the physical components are sourced from abroad, but new home selling prices will have to come down when supply exceeds demand to the extent we are now seeing’

    They call it like they see it when the S is hitting the F.

  37. ‘Their homeowner’s policy hadn’t been updated since 2017, when the cost to build was well below what it is now. They also took money out of the house for renovations and didn’t increase their policy. Those common mistakes will cost them at least $100,000’

    That’s morer sound lending.

  38. ‘Godwin said after the company collapsed she and her husband decided to cut their losses and put up their three-lot Doubleview subdivision for sale to avoid haemorrhaging even more money on land tax, rates and mortgage repayments. The couple then spent the next six months unsuccessfully trying to buy an established property. The couple then signed in February 2024 with Ultimo Constructions, one of WA’s best boutique builders and five-time winner of the HIA Australian Professional Small Builder of the Year award. They were told the house would be built within nine months. Fast forward a year – and through what Godwin describes as ‘many delays, money wasted, numerous emails and calls’ – and all they have is a concrete slab. ‘We found out from the internet that Ultimo had gone into liquidation,’ she said. ‘No calls, no emails, no information. Just left to fend for ourselves again’

    ‘Godwin said they were in the process of getting builders’ insurance paid through QBE; however, out of 15 builders contacted, none were interested in finishing the job that would now cost significantly more than initially projected. ‘It’s been four years,’ Godwin said. ‘So much wasted money, court cases, so many tears and so much stress, and we are in no better position than when we started. ‘We got married and had two children in this time … but still no house.’ Meanwhile, they are dealing with spiralling rental costs to keep a roof over their heads on top of the costs associated with the two building disasters’

    That’s interesting Cara cuz the Australian media is on one of their ‘to the moon Alice!’ things. They do that periodically in almost perfect unison.

  39. E.Morricone, “Gabriel’s Oboe” — Solista: Nicolò Pellegrino (10anni) – Valbonella 2018

    oboisti pianoresi e…dintorni!

    5 years ago

    Chiesa di San Francesco – San Piero in Bagno – 21 luglio 2018

    Nicolò Pellegrino, giovane oboista di soli 10 anni, esegue il celebre brano di Ennio Morricone “Gabriel’s Oboe”.
    Il giovane solista è stato accompagnato dall’orchestra giovanile formata dai ragazzi che hanno preso parte alla XIII edizione del Corso Musicale Valbonella.

    Docente di oboe: Michelangelo Pellegrino

    https://www.youtube.com/watch?v=w3frQW6zLE4

    4 minutes.

  40. Is it true that homesellers find themselves having to slash prices in order to attract a buyer?

    1. Economic Report
      ‘Discouraging’: Frustrated sellers are cutting house prices by tens of thousands of dollars as buyers grow more selective
      The typical home seller is asking for 9% more than what the home eventually sells for, Redfin data show
      By Aarthi Swaminathan
      Published: April 30, 2025 at 11:10 a.m. ET

      Prospective homeowners are “acutely sensitive” to fluctuations in mortgage rates, Lawrence Yun, chief economist at the National Association of Realtors, says.

      https://www.marketwatch.com/story/discouraging-frustrated-sellers-are-cutting-house-prices-by-tens-of-thousands-of-dollars-as-buyers-grow-more-selective-75c37080

    1. Bonds
      Investors turn to emerging market debt after Trump tariffs hit U.S. Treasurys
      Published Tue, Apr 29 2025 11:54 PM EDT
      Updated Wed, Apr 30 2025 12:25 AM EDT
      Lee Ying Shan

      KEY POINTS

      – Emerging market local currency bonds are seeing increasing fund flows as U.S. Treasurys’ long-held reputation as a safe haven takes a beating

      – “This is an effort by investors to diversify away from the U.S. market, particularly local investors,” said Mark Mobius, chairman of Mobius Emerging Opportunities Fund.

      – Since April 2 when the selloff of long-dated U.S. Treasurys started to ramp up, emerging market local currency bonds also saw an inflow of $2.4 billion instead.

      Pedestrians walk past an Itau Unibanco Holding SA bank branch in Sao Paulo, Brazil.
      Pedestrians walk past an Itau Unibanco Holding SA bank branch in Sao Paulo, Brazil.
      Patricia Monteiro/Bloomberg | Bloomberg | Getty Images

      Investors have been piling into emerging market bonds as Treasurys’ long-held reputation as a safe haven took a beating following U.S. President Donald Trump’s “reciprocal” tariffs.

      Emerging market local currency bond yields slid by 13 basis points between April 2 — when Trump announced the tariffs — and April 25, according to the most recent data provided by JPMorgan. In contrast, the benchmark 10-year Treasury yield rose by more than 7 basis points during the same period.

      https://www.cnbc.com/2025/04/30/us-treasurys-selloff-investors-flock-to-emerging-market-bonds.html

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