There Are No Buyers, And It Makes Sense To Me
A report from Metrowest Daily News. “There appears to be a shift taking place in the residential real estate market — one that may, finally, give buyers some leverage. ‘We’re observing a nuanced real estate market across Massachusetts,’ said Chuck Silverston, who works in the Brookline office of Gibson Sotheby’s International Realty. But Silverston nevertheless conceded that ‘we are noticing longer days on market and softer pricing in specific segments, especially where inventory has surged, or pricing is ambitious.’ In other words, it’s not a broad-based oversupply; rather, it’s an imbalance in specific pockets, he said. ‘It seems to be more common in luxury suburbs like Weston, Dover, parts of Newton and Brookline, where high-end condos are lingering longer, and in more remote or exurban towns without strong transit access,’ Silverston said.”
“‘There’s more inventory to choose from, increased negotiation windows and even seller concessions in some cases,’ he said. ‘Well priced, updated homes in prime locations still move quickly, but the days of blanket bidding wars are fading — particularly at the top of the market.'”
A press release. “The Northern Virginia housing market in May 2025 continued its transition toward more balanced conditions, with increased inventory and longer time on market giving buyers some needed breathing room, according to the Northern Virginia Association of Realtors® (NVAR). NVAR Board Member Christina Rice, Pearson Smith Realty, observed that while the market is more measured, it’s also more complex. ‘This is a more nuanced environment, which can be both challenging and empowering,’ said Rice. ‘Buyers may have more leverage, but affordability remains a concern for many. Sellers are still in a good position but may need to adjust expectations on timing and pricing. It’s not an easy market — it’s a smarter one.'”
WTSP in Florida. “‘It has absolutely shifted to a buyer’s market, which means house hunters have a lot more options—and room to negotiate,’ Tim Harper, a Redfin Premier real estate agent in Daytona Beach, said in the report. ‘It’s not uncommon for a buyer to get a home for 5% less than the list price and $10,000 in seller concessions. That’s why it’s important for sellers to make sure their home is in tip-top shape. We’re frequently recommending sellers do a lot of cosmetic repairs and maintenance to get buyers’ attention and stand out from the crowd. And of course, don’t overprice.'”
Bay News 9 in Florida. “A recent downpour has South Tampa residents concerned about drainage issues. Some say they experienced flooding similar to what they endured during Hurricane Milton, but this time it was caused by rainfall that lasted only half an hour. With his shovel and tree trimmer, James Adair is taking matters into his own hands. He’s been clearing out storm drains and debris around them so that excess rainwater won’t flood his neighborhood. Adair is one of several South Tampa homeowners who were flooded out of their homes during Hurricane Milton. According to Tampa’s Communications Director, the city experienced 2.3 inches of rain in just 30 minutes, surpassing the capacity of any stormwater system. Adair says he’s doing everything to protect his home and community. ‘I don’t really care to be wet again. I just put $100,000 back into my house and I’d really like to not move back out of it for another eight months if we flood again,’ he said.”
ABC 15 in Arizona. “Real estate data shows buyers might be in power in the Phoenix metro’s housing market. However, sellers and realtors say, costs are still keeping buyers away. May data from Phoenix realtors shows nearly 50% more homes are for sale compared to May last year. ‘Who’s really doing well right now are new home builders. Their sales are up because they’re offering interest rate buy-downs,’ said REV Residential Broker Butch Leiber. ‘So, a savvy seller, instead of dropping their price, will offer that same money to a buyer to help buy down the interest rate, which makes their house more affordable.’ Darwin Fisk’s 3,000-square-foot home in the Encanto neighborhood has been up for sale since January. ‘It’s a little slice of paradise,’ Fisk said. ‘There are no buyers, and it makes sense to me, because of the way the market overall is doing.’ Fisk plans to move back into the home and wait for a better time to sell, if offers don’t come soon.”
From KUTV. “Right now in Utah there are currently 18,349 homes for sale in Utah according to Redfin. The median list price is 599.900, and the average price per square foot is $240. Realtor Kelsey Earl says she sees some competition and she is keeping an eye on pricing and making sure the home is in good condition. ‘Pricing under market value is making us stand out more,’ she said. ‘I feel like with the cost of getting into a new home already, buyers are less interested in a fixer upper so new carpet, new paint refreshing the front lawn, all goes a long way.'”
Bisnow on California. “A renaissance in downtown Oakland remains largely stalled after the pandemic emptied the area’s businesses, but northeast of the central business district, another submarket is blossoming. At the end of the first quarter, office vacancy rates in downtown remained nearly twice as high as in uptown, reflecting a growing divide between the submarkets. Direct vacancy downtown is 32%, nearly double uptown’s 18%. Downtown saw negative 15K SF absorption, while uptown clocked positive absorption of 43K SF, according to a report by Avison Young. Depressed activity downtown and the perception of crime in the area often act as a deterrent for companies considering a move. ‘We’ll have brokers who are about to close a deal, touring a client, and something will happen on the street nearby and tenants will reconsider,’ said Avison Young Market Intelligence Analyst Howard Huang, highlighting the tangible impacts public safety issues cause.”
Canadian Mortgage Trends. “Toronto and Vancouver’s condo markets are under growing pressure, with new CMHC data showing steep sales declines, rising inventories and increasing financial stress among investors, conditions could drag on future housing supply. According to CMHC, condominium apartment sales in Toronto have fallen 75% since 2022, while Vancouver saw a 37% drop as of Q1 2025. Meanwhile, inventories have ballooned. In Toronto, the months of supply for pre-construction condos surged to 58 months in Q1—14 times higher than in 2022. Vancouver is facing similar, albeit less extreme, challenges. Condo resale prices have slipped 13.4% in Toronto and 2.7% in Vancouver since 2022, erasing some of the double-digit gains seen during the pandemic housing boom. For investors who bought pre-construction units expecting continued growth, this has translated into potential capital losses of up to 6% on 2024 purchases in Toronto, the agency noted. As resale values dip below purchase prices, securing financing at closing has also become more difficult. These challenges have led to a wave of cancellations, with the number of cancelled condo units up five-fold in Toronto and 10-fold in Vancouver from 2022 to 2024. While some developers have pivoted to purpose-built rental projects, others have shelved plans entirely.”
The Globe and Mail. “Steel and aluminum tariffs just doubled, oil prices have hovered near multiyear lows and Canada’s auto sector faces an existential threat. With so much going wrong, the economy could use a quick fix to stimulate some growth. The problem: The sector that Canadian policy makers often turn to for a sugar high, housing, has only the faintest heartbeat. ‘Nothing’s coming through,’ Toronto-Dominion Bank chief economist Beata Caranci said in a recent interview with The Globe and Mail. ‘Even with 100 basis points of cuts, sales are going in reverse.'”
“For years, houses were treated like investable assets, akin to stocks, and conversations about the market often revolved around what prices meant for buyers and sellers. There was very little talk about how vital the sector had become to the economy. But in the midst of a trade war, the sector’s systemic role is coming to light. As home prices and rents exploded, housing became our economy’s secret weapon. ‘The housing market has always been Canada’s go-to when you want to stoke growth,’ Ms. Caranci said. Higher prices generated more sales, which led to more purchases of housing furnishings and more renovations. ‘You would get this 1, 2, 3 economic push,’ she said.”
“The trouble isn’t simply that fewer people are buying homes, subduing growth. A weak housing market could actually make GDP shrink. If house prices keep falling, the 1,2,3 push works in the other direction, becoming a pain that compounds. It’s a challenging environment, and it’ll be tough for housing to cushion the trade war pain in the same way that it offset economic trauma early in the COVID-19 pandemic. In 2021, when Canada endured rolling lockdowns and curfews, residential investment jumped to roughly 10 per cent of GDP. If there’s a silver lining in any of this, it’s that not having the housing sugar high to juice growth this time might help in the long run. The housing sector’s reliability masked so many problems, which meant Canada did not have to come to grips with some structural problems.”
“‘Our exports have been subpar,’ Charles St-Arnaud, chief economist at Alberta Central, said in an interview. ‘Business investment has been subpar.’ In other words, Canada shifted more investment into houses and not into the broader economy, which would have created better-paying jobs. Pivoting away from a housing addiction is like turning an oil tanker around in the open ocean. But he’s encouraged that we finally have political capital to make tough decisions, such as dropping interprovincial trade barriers. ‘Donald Trump is probably a blessing in disguise,’ Mr. St-Arnaud said.”
‘There’s more inventory to choose from, increased negotiation windows and even seller concessions in some cases,’ he said. ‘Well priced, updated homes in prime locations still move quickly, but the days of blanket bidding wars are fading — particularly at the top of the market’
Gosh Chuck, I hope no one overpaid in such an environment! With talk like that you’ll never get quoted in the globe.
‘According to Tampa’s Communications Director, the city experienced 2.3 inches of rain in just 30 minutes’
You people in Florida do realize this is highly unusual?
‘I don’t really care to be wet again. I just put $100,000 back into my house’
Well it was cheaper than renting Jim.
“…experienced 2.3 inches of rain in just 30 minutes…”
FWIW, that’s a torrential downpour; really dark clouds!
I posted one article saying some sh$thole in Florida got 20 inches in 24 hours.
Some day a real rain will come & wash all the scum off the streets.
https://www.youtube.com/watch?v=2IAJFCxAP_Y
+1 Travis Bickle
That’s a lake!
Born and raised in California, I’d never seen real weather until I reported to Ft Polk, LA in late summer for boot camp and infantry school. The darkest clouds, hail the size of jawbreakers and bug swarms so thick we’re spitting ’em out were typical events.
There is a reason a lot of Clownifornians are staying put. I was there in January and the weather was perfect.
In the old days, people would build on a hill ,or a slight rise in the land , to keep from flooding, and it worked well , but I suppose in Florida, it’s all soppy wet land , flat as a pancake , though most new houses are raised up a bit ,to stay above the rain water , anything else can and should become hard to insure ….
I have a friend who lives in a Houston suburb. During the last hurricane they had, his street flooded and water was lapping against his front porch. He sent me a picture of an airboat going down his street.
Oh yes, you are so right! In Florida, it’s all soppy wet land , flat as a pancake.
So make a note, do not move here! The whole state is just sinking in to the soppy wet land.
The area around New Orleans is the same. I drove around the area and saw dozens of full drainage ditches. I asked someone if there had been a lot of rain and if I should look out for flooding and she said “nah, they look like that all the time.” Many of the roads are on concrete supports too.
My comments above were sarcasm.
In Deland, FL is a former naval airbase that now is home to a world-class skydiving center. After it rains you can almost watch the water percolate into the soil. An hour later, you’d never know.
“There appears to be a shift taking place in the residential real estate market — one that may, finally, give buyers some leverage.
You keep using that word “shift,” lying realtors. I don’t think that word means what you think it means.
“We’re observing a nuanced real estate market”
“Nuanced”……yet another word to add to the realtor lexicon.
It’s not an easy market — it’s a smarter one.’”
Lame spin fail, Lyin’ Christina. It’s a cratering market – end of story.
‘We’ll have brokers who are about to close a deal, touring a client, and something will happen on the street nearby and tenants will reconsider’
At least you aren’t criminalizing poverty Howie.
Making sure yer clients are sporting the right gang colors on the day of the showing can make all the difference in the world.
Fisk plans to move back into the home and wait for a better time to sell, if offers don’t come soon.”
Genius plan, Fisk. Be sure to let us know how that works out for ya.
Darwin Fisk’s 3,000-square-foot home in the Encanto neighborhood has been up for sale since January.
Mr Fisk, with such logic you maybe a future Darwin award winner.
Cooling a McMansion in Phoenix must cost a pretty penny
‘Who’s really doing well right now are new home builders. Their sales are up because they’re offering interest rate buy-downs…So, a savvy seller, instead of dropping their price, will offer that same money to a buyer to help buy down the interest rate, which makes their house more affordable’
That is cutting the price Butch.
‘Fisk’s 3,000-square-foot home in the Encanto neighborhood has been up for sale since January. ‘It’s a little slice of paradise,’ Fisk said. ‘There are no buyers, and it makes sense to me, because of the way the market overall is doing.’ Fisk plans to move back into the home and wait for a better time to sell, if offers don’t come soon’
Yer doing the right thing Darwin, hold the line! I guess he lives in Phoenix proper, which is really a small part of that giant sh$thole.
“…they’re offering interest rate buy-downs…”
Trying to shore-up the development’s comparable(s).
‘Earl says she sees some competition and she is keeping an eye on pricing and making sure the home is in good condition. ‘Pricing under market value is making us stand out more’
You call yerself a UHS Kelsey? Any damned fool can just give it away.
For investors who bought pre-construction units expecting continued growth, this has translated into potential capital losses of up to 6% on 2024 purchases in Toronto, the agency noted.
Die, speculator scum.
Have mortgage rates finally settled back to levels that vindicate the rate daters?
2 Min read
10 Jun 2025
Are Bond Vigilantes Back as Debt Woes Lift Yields?
Eric Leininger
At a Glance
– U.S. Treasury yields have surged to their highest levels since 2007, with fiscal concerns and burgeoning deficits exerting pressure
– The market is experiencing heightened volatility amid rising deficits, ongoing tariff uncertainties, and the potential impact of increased borrowing costs on consumer spending
Is the recent surge in U.S. Treasury yields a signal that the bond market is beginning to price in fiscal concerns? Treasury yields are breaking key technical levels, with 30-year yields exceeding 5% – a level not seen since 2007. Real rates and breakeven inflation rates are also climbing, and the U.S. dollar is weakening against the euro. Could these be indicative signs that bond vigilantes may be reasserting their influence?
Facing a Fiscal Reality Check
…
https://www.cmegroup.com/openmarkets/interest-rates/2025/Are-Bond-Vigilantes-Back-as-Debt-Woes-Lift-Yields.html
Personal Finance
Real Estate
This move by Trump could be ‘disastrous’ for the mortgage market and drive up costs for home buyers even more
‘This is a big deal and must be approached with caution, careful deliberation, and purpose,’ says one former housing-finance official, about privatizing Fannie Mae and Freddie Mac
By Aarthi Swaminathan
Last Updated: June 10, 2025 at 11:27 a.m. ET
First Published: June 10, 2025 at 8:00 a.m. ET
…
https://www.marketwatch.com/story/two-big-ways-trumps-plans-for-fannie-mae-and-freddie-mac-could-cost-home-buyers-2f126a44
“This move by Trump could be ‘disastrous’ for the mortgage market and drive up costs for home buyers even more”
No REIC lobbyist wants to admit that home prices can adjust back down to normal multiples of incomes to offset the effect of higher-for-longer mortgage rates.
When this happens, homes will definitely become affordable again.
Summer Of Love spread to Denver last night.
Rock throwing, roadblocks, etc.
If these fools block I-25, it’s going to be a wake-up call for the sheeple that’ve passively accepted the neo-Bolshevik takeover of the state.
https://www.westword.com/news/photos-scenes-from-denver-ice-out-protest-24774820
“The Denver Party for Socialism and Liberation branch organized the protest”
The only good communist is a dead communist ☠️
They’re wanting to demonstrate in SC now, well, they’ll have a surprise coming ,the State AG warned them about it upfront….
Paging Kyle Rittenhouse….
Real Journalists never report that he stopped some “protesters” in Kenosha from pushing a burning dumpster into some gas pumps.
Or that two of the 3 people he popped had done time for sexual offenses against children.
Or that two of the 3 people he popped had done time for sexual offenses against children.
Or that he was only 17 at the time. AKA a child.
Are these protest/riots slowing down the deportations at all? Are they still playing the courthouse tricks? And it looks like everyone is still flush with money. I guess it will take more time to wait them out.
As expected, the Dumver Post is downplaying the non peaceful aspect of the protests,
Broadway and Exposition, specifically:
https://www.denver7.com/news/front-range/denver/large-crowd-gathers-at-state-capitol-marches-through-downtown-denver-for-ice-out-protest
This weekend will be interesting. I think a lot of cities simply won’t tolerate LA style “peaceful protesting”, though some will.
The weekend will identify which cities will be seen as truly alien-friendly, and where the fearful aliens will flee too as more and more of their friends are dragged off to detention. It really does sound gu-lag-ish, but this has just gone on far too long, like a daddy waiting until his son is 15 before saying No to something.
“In other words, it’s not a broad-based oversupply; rather, it’s an imbalance in specific pockets”
Using a Monte Python reference, it’s merely a flesh wound.
“It’s not an easy market — it’s a smarter one.’”
There’s no end to the idiotic comments this morning! Thank you Ben for the comic relief!
“Fisk plans to move back into the home and wait for a better time to sell, if offers don’t come soon.”
Examine history Fisk. You better be in a position to wait years before you see a better time to sell.
Pay no heed to the naysayers, Fisk! You stick to yer guns – your listing is special and worth every damn penny you think it is. Have faith, man! Shirley a credit-worthy buyer will be along any day now who recognizes the value that the Great Unwashed refuse to see. Hold firm & you will be rewarded!
Laid-off federal workers in WA face uncertainty, tough job search
In Washington state, the fallout from the Trump administration’s widespread cuts to the federal workforce are reverberating. Officials still don’t have a clear picture of the scale of the layoffs — and many former federal workers are struggling to land on their feet.
“It’s a giant mess,” said Rebecca Howard, a former research biologist with the National Oceanic and Atmospheric Administration who was fired in February, rehired under a court order in March, then fired again in April.
Like many former federal workers, Howard is still looking for a new job. She said funding cuts have made it difficult to find research work.
“It’s definitely been a struggle because my career kind of evaporated with this,” Howard said.
Howard’s worried not just about her livelihood, but also her research and the future of marine biology. She doesn’t want to leave the country, but she’s considered it. As legal challenges over the mass firings continue to play out in the courts, Howard and thousands of other government workers are in a state of extended limbo.
“It seems exceptionally cruel for reasons that I don’t think any of us really understand,” Howard said.
In April, the state continued its online outreach with a virtual job fair connecting former federal workers with employers in city, state and county governments. Dennis Jaska, a former fisheries observer at NOAA, is one of the fired federal workers who attended.
“It was good to see who was hiring in the area, but as you can well imagine, I’ve already applied to a lot of those different agencies,” Jaska said. “There’s just been so many people looking for jobs, I think it’s just really hard.”
When Andrew Shutes-David applied for unemployment benefits this spring, he didn’t check the box identifying himself as a federal employee. But he’s still among the workers affected by federal cuts.
Shutes-David had worked with the Veterans Affairs Puget Sound Healthcare System for more than two decades, helping write grants and review regulatory guidelines for research into health issues like PTSD and dementia. He was technically employed by a private contractor, but the government still paid part of his salary. He worked on a two-year contract that was renewed every year without issue.
In December, Shutes-David received a letter telling him his contract would be renewed once again. Then, one day after Trump’s inauguration, he received another letter informing him that the offer was being rescinded because of a “freeze on the hiring of federal civilian employees as directed by President Trump.”
Despite his decades of experience with the agency, Shutes-David was still considered a new hire because of his contract renewal. He was shocked.
“It felt very stable,” Shutes-David said. “I knew that I was valued by my colleagues and co-workers, and it seemed like such important work that we were doing. I wouldn’t have imagined someone thinking that we should put this work in jeopardy.”
Shutes-David spent the next few months in limbo as his supervisors at the VA tried to cut through the red tape and find a way to bring him back.
“For my family, the ambiguity of not knowing what was going on was really tough,” he said.
In May, the VA changed their policies regarding the hiring freeze. After jumping through more hoops and changing the way his job was classified, Shutes-David was able to secure another contract. He said he’s glad to be back doing the work he cares about, but is unsure how long it will last. At the VA, rumors of future cuts are swirling.
“It’s stressful for me, and then also it just seems stupid, like no other word for it,” Shutes-David said.
https://www.cascadepbs.org/politics/2025/06/laid-federal-workers-wa-face-uncertainty-tough-job-search
At the VA, rumors of future cuts are swirling.
FedGov employees who were basically along for the ride – the bulk of them, I’m guessing – might be incentivized to buckle down and show value added compared to their peers.
“It’s a giant mess,” said Rebecca Howard, a former research biologist with the National Oceanic and Atmospheric Administration who was fired in February, rehired under a court order in March, then fired again in April.
Cue the Critical Drinker’s maniacal laughter.
IIUC, she was fired as a probationary employee, then rehired, and then first on the list to be RIFfed. This is standard procedure. I held off on buying a house until after the two-year probationary period. (the probationary period varies by year, agency, and situation)
“It seems exceptionally cruel for reasons that I don’t think any of us really understand,” Howard said.
I suggest that Rebecca check out job seeking discussion threads on Glassdoor. What she calls “cruel” is par for the course in the private sector, where after a layoff workers often find that they have to consider starting over with a career change. She’s a biologist, she could look into a high school teaching gig. Yeah, it won’t pay as much as the old job, but that’s life.
She doesn’t want to leave the country, but she’s considered it.
OK, so where exactly in the world are they hiring marine biologist now that the US is cutting funding, and most importantly, why would they hire you? I know you have been told your entire life that you are special but News Flash: You ain’t.
If any other country is hiring marine biologists. which I seriously doubt, they will hire their own first.
There’s a surprising number of people making a living doing nature shows on youtube and tiktok. If she was serious she would already have a show going and be adding value.
GM Dodges Tariffs With Production Shift to US From Mexico
General Motors Co. plans to invest $4 billion in its US plants over the next two years to boost output of some of its top-selling gas-powered vehicles as the company works to manage President Donald Trump’s tariffs.
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The move will expand finished vehicle manufacturing at factories in Michigan, Kansas and Tennessee, GM said Tuesday in a statement. The moves will shift production of several top-selling models, including its very profitable Chevrolet Silverado and GMC Sierra pickup trucks and the Chevrolet Equinox SUV, to factories in the US from Mexico. GM plans to add between 3,000 and 4,000 US jobs when all production is in place, a spokesman said.
Taken together, the investments will allow GM to produce more than 2 million vehicles in the US each year. They will also reduce the company’s reliance on its factories in Mexico, according to a person familiar with the matter. GM will continue making vehicles affected by the announcement in Mexico, but at lower volumes, the person said.
The shift marks one of the biggest pivots yet by an automaker in response to Trump’s tariffs that have upended the economics of automobile manufacturing. It’s also a recognition by Chief Executive Officer Mary Barra that Trump’s trade war is not a passing phase.
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Since Trump’s first term in office, he has railed against companies for making cars in Mexico only to be imported for sale in the US. GM last year was the largest importer of finished vehicles into the US, and it’s seeking to mitigate an estimated $5 billion exposure to Trump’s tariffs.
For GM, it’s a step away from the company’s decades-long push to increase output in Mexico, where it accelerated sourcing of parts and vehicles in the 1980s in search of lower wages and a way around growing labor and retiree costs in the US.
Barra has moved to build a good relationship with Trump after taking heat from the president for closing a former plant in Lordstown, Ohio, during his first term. She has worked with Trump on tariffs and even defended them in remarks at a Wall Street Journal event in late May, saying they could help GM protect its turf from foreign automakers.
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Since Trump imposed 25% tariffs on imported vehicles and parts, Barra has had multiple meetings with the president and became convinced that levies on Mexican-made autos weren’t going away, said people familiar with the matter, who asked not to be identified because the discussions were private. GM executives began working on different plans to manage higher costs on vehicles made in those plants, one of the people said.
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With the move, GM will be building pickups in five factories, with three in the US and one each in Canada and Mexico.
Tuesday’s announcement hands GM’s plant in Lake Orion, Michigan, a new lease on life. The factory was slated to build the electric Silverado and Sierra pickups, which are already assembled at another plant in Detroit. The company has twice delayed those plans due to sluggish EV demand.
Now, the plant will build gasoline versions of those trucks starting in early 2027, in addition to large SUVs such as the Cadillac Escalade and Chevy Tahoe, joining a plant in Texas that makes them now.
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GM’s Fairfax assembly plant in Kansas City, Kansas, will build the Equinox starting in mid-2027. The model is currently produced in Mexico. It will also assemble the new Chevy Bolt EV later this year and other low-cost battery-powered models that GM plans to introduce in the future.
https://financialpost.com/pmn/business-pmn/gm-dodges-tariffs-with-production-shift-to-us-from-mexico
Waukegan family to self-deport amid ongoing ICE crackdowns
Increased immigration enforcement actions have led a suburban Waukegan family to make the difficult choice to self-deport to Mexico.
The two parents, who asked not to be identified by NBC Chicago, are both in the country without legal status, and have been in the U.S. for more than 27 years. Their two children, both born in the U.S., are citizens, but will soon move to Mexico, away from the only life they have ever known.
The parents blame the growing pressures of immigration enforcement, economic instability and legal uncertainty for their decision to relocate to Mexico before the start of the new school year.
“We’ve been here for 27 years,” the family’s mother, who asked not to be identified, told Telemundo Chicago. “This is all we know. But now, it’s no longer safe. Not for us. Not for our kids.”
Both of the couple’s children are now saying goodbye to their school and their friends, and to the only home they have ever known.
“I don’t want to go away,” one of the children told Telemundo Chicago. “My friends are here. I’ve known them since I was little.”
The mother said the family has lived in fear for years, both of things like traffic stops or even ICE agents knocking on their door, but now, with stricter policies and fewer job opportunities amid an ongoing crackdown by the Trump administration, that fear has spurred the family to take action.
“I have to think of my kids,” she said. “They are my priority. If I can’t feed them or keep a roof over their heads, then we have to go.”
“They’re not really making a choice. They’re cornered,” Pastor Julie Contreras said. “They’re afraid to even walk into a federal building. That’s why they’re coming here first.”
She said the group has created a step-by-step process that allows families to request passports through safer channels — like a local post office — without risking exposure to immigration authorities.
“We’ve built a system to guide them,” she said. “We check their documents, and help them move through the process safely.”
For now, the family is in the process of choosing a new place to live. They’ll go somewhere in Mexico where housing is affordable, and where they have relatives who can welcome them, but the impact of that decision is already reshaping their children’s world.
“It’s not like we want to go. But at least we won’t be afraid every time someone knocks on the door,” one of the children told Telemundo Chicago.
https://www.nbcchicago.com/news/local/waukegan-family-to-self-deport-amid-ongoing-immigration-crackdowns/3764899/
Came here illegally? GTFO. You can wave Mexican flags to your heart’s content once you’re back home.
Indeed.
These articles are meant to induce sympathy for them, so tat we meanie MAGAs will say “Oh, OK, they can stay!”
So far it’s not working. Even the articles compiled on MSN are full of center/maga comments. That goes for both the immigration articles and “dream job” articles.
WaukeganMexican family illegally present to self-deport amid ongoing ICE crackdownsMuch better!
Their two children, both born in the U.S., are citizens, but will soon move to Mexico, away from the only life they have ever known.
The kidz can come back when they are adults.
the product of an illegal act cannot be legal.
At the moment, it is protected by the Constitution. SCOTUS is looking at it. Don’t get too optimistic, I think the chances of SCOTUS overturning birthright citizenship is pretty low.
“It’s not like we want to go. But at least we won’t be afraid every time someone knocks on the door,” one of the children told Telemundo Chicago.
Wait until the cartels come knocking and demanding protection money.
What’s this part about “fewer job opportunities?” There have only been a few workplace raids so far. Are employers trying to get legal already? I hope so. If it takes a couple years to gradually root out the illegal alien workers, that’s enough time to train up some mom’s basement gamers to replace them.
‘I feel like with the cost of getting into a new home already, buyers are less interested in a fixer upper so new carpet, new paint refreshing the front lawn, all goes a long way.’”
If you price it at fixer upper prices it will sell. In the area I want to buy I see lots of houses with zero work done in the past 30+ years trying to sell for what a fully renovated neighbor sold in 2022.
Back during the last bubble homeowners in my area borrowed the equity out of their homes. When the tide receded the developers lowered their prices well below what these leveraged homeowners could offer. The choice was a 50s shack with baseboard heating and a swamp cooler on the roof, or a new spec build with central air. Many of these older shacks sat empty for years, frozen pipes burst, birds and bees nested inside them, etc., a real eyesore.
Deported by Trump, Guatemalan immigrant urges others to not give up on dream
JUAREZ, Mexico – Fernando Rustrian Herrera had been a fixture at suburban Houston construction sites up until a few days ago. He had an apartment that he shared with friends and often set aside part of his pay so he could wire money to his mom and grandmother in Guatemala City.
But on a recent morning, a team of U.S. Immigration and Customs Enforcement agents stopped the vehicle carrying Rustrian and coworkers as they approached a construction site.
“Immigration is coming to the worksites a lot. There are checkpoints in every city. They didn’t get me at work; they got me at one of those checkpoints. We were undocumented, so they sent us back,” he said.
Sitting in the classroom of a migrant shelter in Juarez this week, the 18-year-old man described the environment of fear and uncertainty undocumented immigrants are living in U.S. cities these days.
“I had my apartment in Houston and saw raids. I saw people with residency and those who didn’t have residency deported,” he said. “Some with (court) papers were told to go to court and deported. They all wanted to be (in the U.S.); it’s hard to get there and they throw you out from one day to the next.”
Juarez officials say some 1,500 migrants remain in government and church-run shelters with possibly an equal amount renting rooms or apartments in this sprawling Mexican border city of 1.5 million people.
They say U.S. authorities have deported about 3,000 Mexican nationals through Juarez since President Donald Trump took office on Jan. 20. But they say few third-country migrants like Rustrian are being expelled through here. Most are being flown to southern Mexico or to their countries of origin.
“They generally come in very sad because they had been in the United States for a long time. They had jobs, they possibly had homes and properties. Some even started businesses in the U.S., and they were doing well,” said Enrique Serrano, head of the Chihuahua Population Council that runs Juarez’s Migrant Assistance Center.
Serrano said the Mexican deportees know the land and the dynamics. They quickly find ways to settle here or go back to their families in the interior of Mexico. But third-country migrants face difficult choices.
“Those who remain here from other countries – and could not cross (before Trump) – are in a sort of limbo. They see no possibility to enter illegally like before, nor legally, either,” Serrano said.
A Mexican CURP, or work authorization, is needed to deduct payroll taxes, get tax credits, and a bank account is required for employees to receive electronic payments. The migrants’ and deportees’ remaining option is the so-called informal economy.
“They are street vendors, they work in small shops in Downtown and other places where they are paid cash,” Serrano said.
Rustrian has no plans to return to that environment and encourages other recent deportees and asylum-seekers stuck on the Mexican border to not go back, either.
“If you already made the trip, why go back? Going back is a waste of time and money. My opinion is that they stay where they are. The dream is not over just because you couldn’t cross,” he said. “You must persist and work hard wherever you are. Here I am in Juarez, trying to get ahead – little by little but for sure.”
Unlike many migrants who abandoned their Mexican humanitarian documents when they crossed the border wall under the Biden administration, Rustrian opted to hang on to his Mexican privileges.
“My plan is to work. I have my (documents) ID from Mexico, so I can go anywhere here. I want to establish myself in Mexico while the waters (in the U.S.) get calm,” he said.
https://www.msn.com/en-us/news/us/deported-by-trump-guatemalan-immigrant-urges-others-to-not-give-up-on-dream/ar-AA1GsT2J
“I had my apartment in Houston and saw raids. I saw people with residency and those who didn’t have residency deported,”
Baloney. If they could show a green card or a valid work visa they would be left alone. Most likely they had an expired visa, and not a work visa.
That’s what I’m thinking too. These are the same people who thought that just showing up to a court hearing and the law NOT being enforced, was the equivalent of being legal.
“ Fernando Rustrian Herrera had been a fixture at suburban Houston construction sites up until a few days ago”
“ the 18-year-old man”
How long has he been a ‘fixture’ if he is only 18?
How long has he been a ‘fixture’ if he is only 18?
Child labor is good for GDP growth. A 15 year old can start on a construction site no problem.
I want to establish myself in Mexico while the waters (in the U.S.) get calm,”
Don’t even think about it. President Vance will toss your butt right back over the shiny new big beautiful wall.
11 comments. All of them say GTFO. And this is msn.
ICE arrests Mexican man at San Benito taqueria, deported same day
Recent U.S. Immigration and Customs Enforcement (ICE) raids at local Rio Grande Valley restaurants and businesses have sparked fear across the region.
Valley Central spoke to Alexis Vasquez, who was arrested on Monday at Taqueria Mante in San Benito, and explained some of the anxieties felt days prior and how, just hours later, he was taken by a van to an international bridge in Brownsville and deported to Mexico.
Vasquez gave first-hand details on how the raid happened and his arrest.
Monday was a typical day at work for 22-year-old Alexis Vasquez, until it wasn’t.
“Suddenly, I saw a truck pull in, then another one, and then another, and I thought, ‘These aren’t customers—this looks really suspicious.’ Then I saw my coworkers—the American ones—start running and telling us to leave,” said Vasquez. “So, I ran out through the restaurant’s emergency exit. I was about to hide behind some trees when, all of a sudden, an ICE agent appeared in front of me.”
Vasquez says his boss had told his employees days prior that they could continue working but at their own risk, since his employer had to still keep the business open to pay bills and rent. Vasquez continued working as he had his own bills to pay.
“It was very painful to see my coworkers handcuffed as if they were criminals, when we were all honest workers just making food—Mexican food that people enjoy,” Vasquez said.
He says ICE agents asked him several times if he was an American citizen and only took his cellphone away once he was detained. He says they allowed him to keep the money in his pockets, and he was provided water and food.
After checking his criminal record, ICE gave him the choice to either self-deport or to fight his case in immigration court.
“I told the ICE officer that I wanted voluntary departure, and he was really nice about it,” Vasquez said. “He said it was a very good decision, and we even started laughing and everything. He was supposed to take my hand to do the fingerprinting, but I was doing it myself, and he laughed and said I was even doing his job.”
Alexis’ mother, Nereyda Vasquez, lives in Matamoros, and she began worrying about her son after she did not hear from him for several hours. She got even more worried as people began posting videos of a raid at the restaurant where he worked.
“My heart started racing, and I messaged my sister-in-law to ask if my son had gone to work,” Vasquez said. “She said ‘yes,’ and I felt my heart beating really hard. I called him, but he didn’t answer. Then people started sending me the video where my son appears, and honestly, I broke down crying and got a bit hysterical.”
Hours later, Alexis reunited with his mother after close to three years of not seeing her in person. He says the situation is bittersweet but he’s glad to celebrate his upcoming birthday with family on June 25.
He hopes those thinking of crossing illegally do not, as he considers it not worth the risk, and also hopes families facing a similar situation remain strong.
“Personally, I felt the tension and nervousness—like you can’t even go out comfortably to buy food or go to work anymore, because there’s always that fear that ice might stop you or something,” Vasquez said. “The anxiety is really intense. But keep pushing forward, and if you’re thinking about crossing illegally right now—don’t do it.”
https://www.valleycentral.com/news/local-news/ice-arrests-mexican-man-at-san-benito-taqueria-deported-same-day/
This is surprising as San Benito used to be in the area that you don’t have to be a US citizen to come and go. It’s really close to the border. I guess they are cracking down even there.
“The anxiety is really intense.
Hope that deters more than a few of the Democrat-on-Arrival illegals who had a propensity to drive without insurance, often while intoxicated.
Then I saw my coworkers—the American ones—start running and telling us to leave,”
Ahem… isn’t a judge in Wisonsin being tossed in the pokey for doing something similar?
Fear is the daily reality of being undocumented in America
YAKIMA, Wash. — First light finds James already deep in his routine. He heats up tortillas and sprinkles cheese on top of them. Makes coffee, seemingly at the same time.
A quick breakfast and a check of the weather later, he’s out the door for work. It’s around 6 a.m.
James is undocumented, so the simple task of going to work carries a risk. Before he starts driving, he does a quick Sign of the Cross. One wrong encounter with immigration enforcement is all it would take for him to lose everything.
I’m afraid… when I see the cars that look similar to ICE,” James said.
For years, fear lived in the background. Now it rides shotgun everywhere James goes.
Across town, Loretta, also undocumented, keeps busy while she waits for her work permit to be renewed. She bakes cakes and crochets purses and scarves for people to buy. When she does have her work permit, she works at a warehouse nearby.
Rosa, Loretta’s daughter is a U.S. citizen. The two are inseparable and live next door to each other. Every day, Rosa worries about her mother. What would happen if Loretta were to be deported to Mexico?
“It’s going to be like a home without the family,” Rosa said. “It’s a really hard thought.”
“What she said is sad,” Loretta said with tears welling up in her eyes. “Going over there is sad. I’m going to miss them. They’re my kids and not being there with them, just thinking about it– it’s sad.”
“I hate to say it, but I feel guilt for being a citizen because I cannot help my mom,” Rosa added. “If she goes– that’s it. It’s just her. Am I going to sit here and watch them take [her?] What right do I have? It’s very, very hard.”
James’ family fears the same thing. He supports his sister, nephew and two nieces. His nephew doesn’t hesitate to say that James is like a father figure to him. With so much to lose, the family has had many difficult conversations.
“Having to explain to my kids that at any moment, that everything might be over,” James’ sister said. “They’re going to have to say bye to everything.”
“I’ve lived here since I was six years old, I’m practically raised here,” Loretta said. “If I go to Mexico, I know I’m going to feel bad because I don’t know their cultures– I don’t know nothing. I’m going to be like a stranger over there.”
For James, Loretta, and thousands of others, each day is a step toward hope. A hope that one day, their dreams and contributions are recognized, and living in fear will no longer be part of the American experience.
“Not only for me, all the immigrant people, for all the United States, I come to find my dreams,” James said.
https://www.krem.com/article/news/community/undocumented-immigrants-fear-deportation-america-washington-yakima/281-931a11c0-f1f8-4c3d-a866-56bea029c0c1
“Not only for me, all the immigrant people, for all the United States, I come to find my dreams,” James said.
What part of needing permission to come does he not understand?
The globalist scum media is deliberately downplaying a key theme: This was once our land with spanish-language place names, so we are entitled to reoccupy it and reclaim it for Mexico. The globalist-authored slogans like “No human is illegal” give a further pretext for resisting deportation.
California is on the verge of becoming another South Africa.
The ingredients are already there, and the pacified cucks are willing to self report to the Logan’s Run Carrousel.
I know that most of HBB lives in the West, but here on the East coast, we see very few Mexicans. Almost all of our Latino population is Central American, with Venezuealans and Peruvians starting to catch up. For them, it’s not about reclaiming territory. It really is the better-life thing.
I know that most of HBB lives in the West, but here on the East coast, we see very few Mexicans.
Chicago area where I grew up were almost all Mexicans.
Most had Been in town since the 1950’s.
What they don’t realize (or care) is it was ONLY Mexico from 1821-1848. The Spanish were there since the 1500s and Spanish place names are from the Spanish. I don’t see Spain coming over here and demanding their land back.
“…What part of needing permission to come does he not understand?…”
If you run a red light.
It’s illegal.
You get a ticket.
If you are in the USA without permission. (non-citizen)
It’s illegal.
You get deported.
Black and White
Never understood what the big debate is all about.
Fear is the daily reality of being undocumented in America
Fear of deportation for illegal immigrants is in almost every country. In fact, I would argue up until recently, there was less fear for illegals in the US than ANYWHERE else in the world.
We were giving them driver’s licenses! They were able to get mortgages and buy cars on credit.
Mesa mom says she’s at risk of deportation
MESA, AZ (AZFamily) — It was a vacation that never ended for Jazmin Urias. In 2008, she and her family came from Mexico on a tourist visa and never went back.
“I grew up here. This is my home. This is all I know. I’ve never been to Mexico since I came in,” she said.
Urias was just 11 years old at the time, and eventually she started her life here. She graduated from Mesa High School, got married, and had three kids, with another newborn on the way.
“My kids were born here. My husband’s here. My family and friends are here,” Urias said.
But just this weekend, Urias said she received a letter from the Department of Homeland Security (DHS) asking her to appear in front of an immigration judge for a removal proceeding to be deported.
“I was mostly scared for her and the baby to be deported to some place where she hasn’t experienced life for years,” said her husband, Alan Corral.
The news comes as tensions across the U.S. and in Arizona, while DHS ramps up deportations.
“I’m scared to even get out with the kids,” Urias said. “Like, what if I get taken with my kids in the car?”
Urias isn’t scheduled to appear in front of a judge until August, but she wonders why she was a target in these deportations.
“Separating families just ‘cause,” Urias said. “They’re not actually going after criminals; they’re just going after people based on your skin color.”
https://www.kold.com/2025/06/11/whats-going-happen-my-kids-mesa-mom-says-shes-risk-deportation/
“They’re not actually going after criminals; they’re just going after people based on your skin color.”
No, they are not. They are going after people who came here to the US illegally, regardless of color.
“My kids were born here.”
They all know that trick.
“I grew up here. This is my home. This is all I know. I’ve never been to Mexico since I came in,”
I haven’t been back to Connecticut in 18 years and I haven’t lived there in 43 years but I was born there.
What is interesting is that they were able to enter on a tourist visa. The American consulates in Mexico have never handed those out like Halloween candy. They grill applicants. They want to see a record of non menial employment. Owning property helps. Anything that demonstrates you have a reason to return after your vacation ends. So they were able to do that, and what that means is that their trip was not a vacation, it was a premeditated plan to become illegal immigrants. It is also probable that they lied and presented fake documentation (employment, etc.) to get the visa. But we should feel sorry for them and let them stay.
“I was mostly scared for her and the baby to be deported to some place where she hasn’t experienced life for years,” said her husband, Alan Corral.
Imagine being such an irresponsible man that you not only marry a woman, but then get her pregnant, and all the while never deal with her illegal status.
Likely she had an easy fix — go back to Mexico, file appropriate paperwork for a marriage sponsored green card, then wait 6-18 months to receive permission.
Likely she had an easy fix — go back to Mexico, file appropriate paperwork for a marriage sponsored green card, then wait 6-18 months to receive permission.
Why do all that when she was defacto legal and already here?
You cannot apply for permanent residency while in the USA. You must be in your native country or wherever you hold citizenship. As a Mexican, she needed to be in Mexico to properly apply.
But once again — all she likely needed to do was go to Mexico, apply, and wait.
But entitled Latinos don’t like following rules.
entitled Latinos
An anecdote: My school teacher relative had an interesting encounter with a parent who is here illegally. She was approached by the parent who demanded that she help her get free eyeglasses for her kid. My relative said she couldn’t help her. The illegal became livid. My relative told her to make an appointment to see the school’s social worker, but the illegal kept badgering her saying “I was told you could help, so do it.”
Two More Asylum Seekers Arrested at Portland Courthouse, Bringing Total to Four
U.S. Immigration and Customs Enforcement agents arrested two more asylum seekers outside Portland Immigration Court this morning, bringing the total arrests in the past week to four, according to federal court records. Within hours, U.S. District Judge Michael Simon ordered ICE not to remove the two detained people from the state of Oregon.
The two men arrested Tuesday are citizens of Ecuador and Venezuela, respectively. In petitions for writs of habeas corpus filed with Simon, lawyers with the Innovation Law Lab say both men appeared for their immigration hearings in downtown Portland and were arrested outside the courtroom after their cases were dismissed.
That matches the tactic used in two previous arrests of Mexican nationals seeking asylum last week.
The first person ICE arrested in Portland this month, a 24-year-old transgender woman from Michoacán, Mexico, is currently in solitary confinement in a Tacoma, Wash. detention facility, because she would otherwise be housed with male detainees and feared for her safety, according to documents filed by her attorneys.
The woman, who lived in Vancouver, Wash. is identified only by her initials OJM. Her case is the furthest along of the four now open: Lawyers with the Innovation Law Lab have sued the feds on OJM’s behalf and are asking U.S. District Court Judge Amy Baggio to order her release on bail.
In a response filed with Baggio, federal immigration lawyers say OJM is receiving due process, and that ICE is reviewing whether OJM has a credible fear of violence if she is deported. In a statement given to her attorneys, OJM says she fears she will be killed in Mexico.
“I cannot believe this is happening to me,” she said. “I came to the United States to be safe and free. When I arrived to Oregon, it was the first time that I have felt that I belonged anywhere.”
https://www.wweek.com/news/courts/2025/06/10/two-more-asylum-seekers-arrested-at-portland-courthouse-bringing-total-to-four/
In a statement given to her attorneys, OJM says she fears she will be killed in Mexico.
Baloney. Mexico is going all rainbow this month. They have pride parades in Mexico now.
Baloney. Mexico is going all rainbow this month. They have pride parades in Mexico now.
And all the Canadians are vacationing there now so it must be safe.
“And all the Canadians are vacationing there now so it must be safe.”
Sure, but leave your fancy clothes and jewelry at home.
U.S. District Judge Michael Simon ordered ICE not to remove the two detained people from the state of Oregon.
Does anyone know on what legal basis the judges are issuing these orders? From what chatty told me, the two aliens won’t be deported right away. They will attend another immigration court, and have the opportunity to file appeals. But after that, unless he’s a credible asylum case, there’s no legal basis for him to stay.
Growing Number of Migrants Leave U.S. Voluntarily As Trump Admin Ramps Up Mass Deportation Plans
As the Trump administration seeks to ramp up its mass deportation efforts, many migrants are opting to go back home despite the dire conditions and dangers they might face there.
That is the case of Jessika Cifuentes, a 51-year-old Guatemalan migrant who had been in the U.S. for 14 years. In Utah, he ran her own business, forged strong community ties and even became a U.S. citizen.
But following President Donald Trump’s re-election in November, months of anxiety over shifting immigration policies and a period of unemployment following layoffs at her company, she decided it was time to pack her bags and go back home to Antigua, Guatemala. She took her two daughters there back in April, who are even more unfamiliar with the city.
“Now, from what I’ve seen, being a citizen is no longer enough: just being Latino is enough,” she told El Nuevo Herald in an interview from Guatemala. “I didn’t want to expose myself to that. I couldn’t keep living in a place where I’m discriminated against without people even knowing who I am— just because I have a Latino last name.”
She is not the only one. A growing number of immigrants are returning to their countries voluntarily in the wake of expanded detentions and deportations, the termination of Temporary Protected Status (TPS) for several nations, the end of humanitarian parole programs for Cuba, Haiti, Nicaragua and Venezuela, and the suspension of new DACA applications, The Miami Herald reports.
Just like Cifuentes, Juana Iris Estrada, a migrant from Mexico, is preparing to leave the U.S. this summer. She’s planning on going to Puebla, a city in east-central Mexico, starting over and raising her two young daughters, ages 9 and 5. Despite being currently protected under DACA, Estreada told the outlet she is scared her protections might vanish at any moment, making her vulnerable to deportation.
“One of the reasons we’re leaving is because of everything that’s happening under this president’s administration,” she told the Miami Herald from Washington state. “Honestly, the emotional toll is heavy. I’m a mother. My husband and I both have DACA, and it could be revoked at any moment, leaving us completely unprotected.”
https://www.latintimes.com/growing-number-migrants-leave-us-voluntarily-trump-admin-ramps-mass-deportation-plans-584689
‘even became a U.S. citizen’
I think she’s a lion.
That they are suddenly so scared just goes to show that it’s been easy street for years, if not decades, for them. No worries about deportation.
“Now, from what I’ve seen, being a citizen is no longer enough: just being Latino is enough,” she told El Nuevo Herald in an interview from Guatemala. “I didn’t want to expose myself to that. I couldn’t keep living in a place where I’m discriminated against without people even knowing who I am— just because I have a Latino last name.”
I’m so tired of these people claiming racism is so common. What a fraud and liar. Northern Utah is filled with Latinos and no one cares.
Northern Utah is filled with Latinos and no one cares.
I’m sure the LDS do their best to recruit them.
The LDS Church is proudly open to anyone from anywhere in the world.
OPP seize 38 kilograms of suspected fentanyl after searching several homes across southern Ontario
OPP are announcing their largest fentanyl seizure to date.
On May 28, they searched 16 homes and businesses across southern Ontario, including Toronto, York Region and Hamilton.
They wound up bringing in around $5.4-million worth of illicit substances, including:
38 kilograms of suspected fentanyl (mixed with other substances)
19.5 kilograms of suspected methamphetamine
5.5 kilograms of suspected cocaine
34 grams of psilocybin
14 grams of suspected MDMA
Three guns, including two handguns and a rifle
A set of brass knuckles
Around $121,600 in Canadian currency
Three vehicles (as offence-related property)
It was all part of ‘Project Golden,’ which was launched by London OPP in July 2024, and lasted 11 months.
In total, 15 people have been charged. ‘Project Bionic’ launched in November, and looked into dismantling a dark web drug marketplace. The operation had been shipping to provinces and territories across Canada.
On March 10, police arrested two people at a Canada Post office in Ottawa and seized 86 packages.
That same day, they searched three homes and a vehicle in nearby Nepean and Gloucester, seizing a handgun, around $95,000 in Canadian currency, a stolen 2018 Ferrari convertible and some reprogrammable key fobs.
In total, they brought in the following drugs, valued at around $2.5-million.
On March 27, they did another search, recovering 11 stolen vehicles, including two Toyota Highlanders.
https://www.durhamradionews.com/archives/198433
But K-dns say they aren’t smuggling drugs.
Canadians abstain from American wine as imports collapse
American wine has nearly stopped flowing into Canada because of widespread import bans on alcoholic drinks produced in the United States, part of a showy but forceful protest of the Trump administration’s tariff policies.
In April, Canada imported just $2.9-million of American wine – a decline of 94 per cent from a monthly average of $49.2-million last year, according to recently published Statistics Canada figures.
Soon after the White House imposed tariffs on Canada in early March, provincial and territorial leaders moved to ban the import of alcoholic beverages from the U.S. – in some cases, removing those products immediately from shelves.
The boycott weakened on Friday, when Alberta said it would resume purchasing U.S. alcohol, with Saskatchewan following suit on Monday. The premiers of Ontario and Nova Scotia, meanwhile, said this week that they aren’t backing down from their restrictions.
“We don’t see consumers flocking back to U.S. wine,” said Richard Dittmar, president and chief executive officer of Vancouver-based Trialto Wine Group, which imports in Western Canada.
Canada’s importers said American wineries have expressed shame and anger over the White House’s aggressive trade tactics and the blowback it’s caused in their industry.
“None of them are very happy about it, because they’re generally from Democratic states,” Mr. Dittmar said. “They’re pissed off that this has happened.”
https://www.theglobeandmail.com/business/article-canadian-wine-retailers-look-for-alternatives-as-us-imports-collapse/
a decline of 94 per cent from a monthly average of $49.2-million last year
Being that the wine biz is a multibillion dollar one, $49M is just noise.
Commuters inconvenienced by anti-ICE protests need to have a word with their libtard friends, family, & neighbors.
https://www.youtube.com/watch?v=1dypa9iOu00&t=49s
Pack up yer boxes & GTFO!
https://pagesix.com/2025/06/11/celebrity-news/kim-zolciak-and-kroy-biermann-forced-to-move-out-of-foreclosed-mansion-by-us-marshals/?
Imagining an Alfred Hitchcock vignette where Kim Zolciak’s estranged husband is trying to drown her in their heated pool, but he can’t overcome her buoyancy that he so eagerly desired.
Alex Jones
@RealAlexJones
The narco terrorist controlled, Mexican government is now publicly promoting a plan to annex the southwest of United States.
President of the Mexican Senate (TODAY):
“We’ll build the wall and pay for it. But we’ll do it according to the 1830 map of Mexico… Mexicans were settled in these territories before the U.S. The Mexicans living there are in what has always been their homeland.”
0:34 / 2:27
11:33 PM · Jun 10, 2025
https://x.com/RealAlexJones/status/1932642415141179694
The Reconquista movement has an ally & 5th column in the Democrat Party.
Sounds to me like remittances need to be taxed at 100%
Sounds to me like remittances need to be taxed at 100%
That would certainly encourage a large number of self-deportations but be unfair to those legally here and their families back home. Maybe set up a few places where you can remit for Free, say the post office or Police station?
Those who are legal can cross the border into Mexico and send it from there.
The official Mexican government is planning to launch a state-sponsored attack on the Southwest US? Oh please, try it.
Publius
@OcrazioCornPop
🚨 MEXICAN PRESIDENT: “If necessary, we will mobilize because we don’t want taxes on remittances sent by our fellow countrymen from the U.S. to Mexico.”
How is it possible that a Mexican President can even threaten to mobilize protests on U.S. soil?
11:28 AM · Jun 9, 2025
https://x.com/OcrazioCornPop/status/1932097511772082276
Sheinbaum and AMLO, her predecessor, frequently address “40 million compatriots north of the border.” You will never hear any Democrat president refer to Heritage Americans as “compatriots.”
Time for some new tariffs.
DOJ Charges 2 LA Rioters For Throwing Molotov Cocktails at Officers
Two accused rioters were arrested for throwing Molotov cocktails at officers during unrest in Los Angeles over the past weekend, announced the Department of Justice (DOJ) on Wednesday.
Emiliano Galvez and Wrackkie Quiogue face federal charges of possession of an unregistered destructive device, which carries a statutory maximum sentence of 10 years in federal prison, said the DOJ in a statement.
While the DOJ said that both Quiogue and Galvez are residents of Southern California, Immigration and Customs Enforcement (ICE) agents had detained Galvez, an illegal immigrant with a criminal record, the Department of Homeland Security said in a statement on June 11.
The DHS statement added that Galvez “was charged with attempted murder,” although the DOJ complaint only says he faces charges of possession of an unregistered destructive device.
Officials said Galvez was previously deported from the United States and has a prior criminal record. He was arrested by the Anaheim Police Department for grand theft and by the Long Beach Police Department for driving under the influence (DUI) in 2024, according to DHS.
“These are the types of criminal illegal aliens that rioters are fighting to protect. … If you lay a hand on a law enforcement officer, you will be prosecuted to the fullest extent of the law,” Homeland Security Assistant Secretary Tricia McLaughlin said in the statement.
Protests, riots, and general unrest broke out in Los Angeles on June 6 in response to ICE operations this past week targeting several businesses in Los Angeles. The White House’s border czar, Tom Homan, told NewsNation that in at least one instance, ICE and other federal agents were serving criminal warrants during an investigation into a business accused of money laundering, tax evasion, and customs fraud.
Over the weekend, Trump signed a memorandum to send in the National Guard, and two days later, officials confirmed that a battalion of 700 U.S. Marines would be sent to Los Angeles to quell unrest and protect federal assets in Los Angeles.
The moves drew criticism from California Gov. Gavin Newsom and other Democrats in the state, who accused the administration of stoking fear with the military deployment and arguing that ICE has indiscriminately targeted people.
On Tuesday, California Attorney General Rob Bonta filed a lawsuit against the Trump administration seeking to undo the National Guard and Marines deployments. A federal judge later that day declined California’s request for an immediate temporary restraining order on sending the troops to Los Angeles.
ICE officers have been intensifying efforts in recent weeks to deliver on Trump’s promise of record-level deportations, a policy on which he campaigned during the 2024 election. White House officials, including adviser Stephen Miller, have said they want to increase arrests of illegal immigrants to 3,000 per day.
Trump said in a Truth Social post on June 11 that Newsom’s administration has been “unable to provide protection in a timely manner when our Ice Officers, GREAT Patriots they are, were attacked by an out of control mob of agitators, troublemakers, and/or insurrectionists.”
“If our troops didn’t go into Los Angeles, it would be burning to the ground right now, just like so much of their housing burned to the ground. The great people of Los Angeles are very lucky that I made the decision to go in and help!!!” he wrote in another post.
Newsom said that Trump’s sending in the military has escalated tensions.
“Donald Trump deployed more than 700 active U.S. Marines—men and women trained in foreign combat, not domestic law enforcement. We honor their service and bravery. But we do not want our streets militarized by our own Armed Forces. Not in L.A. Not in California. Not anywhere,” he wrote in a post on X.
Separately, the governor said that people who incite violence or engage in riots in the city will be held accountable and that such behavior won’t be permitted.
https://www.theepochtimes.com/us/illegal-immigrant-charged-with-attempted-murder-during-la-riots-5871258
“Emiliano Galvez and Wrackkie Quiogue…”
What’s in that name?
Trump reversing the Biden-era military’s “woke” renaming of military bases. Seethe harder, Democrat-Bolsheviks.
https://dailypatriotreport.com/president-trump-surprises-fort-bragg-crowd-with-big-announcement/?utm_content=zid-99707417
Did it seem like Mr Market wanted to CR8R today, but some invisible unnatural force held him up?
Teachable moment for the Soros scum: never put your hand on another man’s weapon.
https://x.com/RealJamesWoods/status/1932334870908559399
Thank you sir may I have another!!
“Everyone has a plan ’till they get punched in the mouth.” —Mike Tyson
‘It’s not uncommon for a buyer to get a home for 5% less than the list price and $10,000 in seller concessions. That’s why it’s important for sellers to make sure their home is in tip-top shape. We’re frequently recommending sellers do a lot of cosmetic repairs and maintenance to get buyers’ attention and stand out from the crowd. And of course, don’t overprice’
That’s the spirit Tim, demoralize the loanowners!
“…and $10,000 in seller concessions.”
That must be the minimum down payment?
‘In Toronto, the months of supply for pre-construction condos surged to 58 months in Q1—14 times higher than in 2022’
Almost five years.
‘Donald Trump is probably a blessing in disguise’
As you know Charlie, globalism is dead. Trumps era is the tombstone.
These Condo Units Have No Chance (GTA Condo Real Estate Market Update)
Team Sessa Real Estate
45 minutes ago TORONTO
In this episode we discuss how layout can often be more important than unit size. This episode looks at the current GTA Condo Markets – Toronto, York Region & Peel Region for the week ending June 4, 2025.
https://www.youtube.com/watch?v=XGUQEiKq7lY
18:45.
Does it bumb you out when your high risk individual company or real estate assets completely CR8R in value?
The Tell
Gut-wrenching stock declines are more common than you might think
The average stock since the mid-1980s has seen a decline of more than 80% at some point, new report finds
By Joseph Adinolfi
Published: June 11, 2025 at 5:14 p.m. ET
Stock market data reflected in a trader’s face.
Even the most successful stocks have experienced gut-wrenching selloffs. Photo: Getty Images
Referenced Symbols
Many investors wish they could have bought and held shares of massively successful stocks like Apple, Microsoft and Nvidia from the day they went public.
But even if an investor had an inkling that these companies were destined for greatness, would they have had the intestinal fortitude to hold on through the gut-wrenching drawdowns that occurred along the way?
…
https://www.marketwatch.com/story/gut-wrenching-stock-declines-are-more-common-than-you-might-think-4cea83b1
Yahoo Finance
Benzinga
It Makes Me Feel Sick, Says A Homeowner Watching Their Condo’s Value Collapse. They Still Owe $100K More Than What A Neighbor Just Sold For
Adrian Volenik
Tue, June 10, 2025 at 6:00 PM PDT 4 min read
Buy the Dip: 5 AI Stocks With Strong Growth Potential
Seeking Alpha
A homeowner in Southern California is reeling after discovering that a nearly identical condo unit in their building just sold for $100,000 less than what they still owe on their mortgage.
‘I Lost The Timing Lottery’
The owner shared their frustration on Reddit’s r/RealEstate community: “I’m feeling disheartened and slightly sick,” they wrote. “To know I’m basically $100K in debt right now, after almost two years of paying a pretty high mortgage no less.”
…
https://finance.yahoo.com/news/makes-feel-sick-says-homeowner-010029728.html
“…after almost two years of paying a pretty high mortgage…”
Less interest, you haven’t even paid the closing costs yet.
US stocks-bonds warnings flash amber again
Jamie McGeever
June 11, 20256:06 AM PDT
Updated 11 hours ago
A man exits the New York Stock Exchange (NYSE) onto Wall Street after the closing bell rings in New York
U.S., April 7, 2025. REUTERS/Kylie Cooper/File Photo Purchase Licensing Rights
ORLANDO, Florida, June 11 (Reuters) – Calm has descended on U.S. markets following the ‘Liberation Day’ tariff turmoil of early April. But Wall Street’s rally has revived questions about U.S. equity valuations, as stocks once again look super pricey compared to bonds.
Since the chaotic days of early April, U.S. equities have rebounded fiercely, with the S&P 500 up 25%, putting the Shiller cyclically adjusted price-earnings (CAPE) ratio for the index in the 94th percentile going back to the 1950s, according to bond giant PIMCO.
Stocks are looking expensive in absolute terms, and in relation to bonds. The equity risk premium (ERP), the difference between equity yields and bond yields, is near historically low levels.
According to analysts at PIMCO, the ERP is now zero. The previous two times it fell to zero or below were in 1987 and 1996–2001. In both instances, the ultra-low ERP precipitated a steep equity drawdown and sharp fall in long-dated bond yields.
…
https://www.reuters.com/markets/europe/us-stocks-bonds-warnings-flash-amber-again-2025-06-11/
“The equity risk premium (ERP), the difference between equity yields and bond yields, is near historically low levels.
According to analysts at PIMCO, the ERP is now zero. The previous two times it fell to zero or below were in 1987 and 1996–2001. In both instances, the ultra-low ERP precipitated a steep equity drawdown and sharp fall in long-dated bond yields.”
‘…history has not dealt kindly with the aftermath of protracted periods of low risk premiums.’
— Alan Greenspan
https://www.federalreserve.gov/boarddocs/speeches/2005/20050826/default.htm
Treasury Yields Extend Declines After Strong 10-Year Note Auction
By Sam Goldfarb,
Reporter
Treasury yields extended their session declines after a $39 billion auction of 10-year notes attracted solid demand from investors.
Wednesday’s auction came at a good time for the Treasury Department, hours after cooler-than-expected inflation data helped boost appetite for bonds.
…
https://www.wsj.com/livecoverage/stock-market-cpi-inflation-tariffs-06-11-2025/card/treasury-yields-extend-declines-after-strong-10-year-note-auction-GjAHD7wCK1XCejQcPwxa
The Tell
Stocks haven’t been this expensive relative to bonds in almost 25 years. Is a market downturn next?
Investors should position for a new global order with high-quality bonds that pay, according to Pimco
By Joy Wiltermuth
Published: June 10, 2025 at 1:53 p.m. ET
The New York Stock Exchange building entrance.
Pimco is making a case for high-quality bonds, given a new global order taking hold and equities rarely being this expensive relative to fixed income. Photo: Getty Images
Referenced Symbols
Stocks haven’t looked this expensive relative to bonds since the end of the Clinton administration ago nearly 25 years ago.
Yet bonds also look better than they have for a long time. That’s a key takeaway of a new report from bond giant Pimco, which argues that investors should be positioned in high-quality bonds as the reordering of global trade and alliances in President Trump’s second term looks likely to stick around.
…
https://www.marketwatch.com/story/stocks-havent-been-this-expensive-relative-to-bonds-in-almost-25-years-is-a-market-downturn-next-ced748ba
Markets
Stock valuations are hovering at levels that have historically preceded major corrections, Pimco warns
By William Edwards
A trader rubs his eyes on the floor of the New York Stock Exchange
Mario Tama/Getty Images
Jun 11, 2025, 9:00 AM PT
– Bond giant Pimco warns that equity valuations are historically high.
– The current S&P 500 CAPE ratio is in the 94th percentile of all-time.
– Equity risk premium is also around as low as it was before the 1987 crash and the dot-com bust.
It’s been a tranquil few weeks for financial markets as investors wait to see how the US economy holds up under President Donald Trump’s tariff regime.
But things could change quickly, Pimco warned in a note on Tuesday.
By several measures, stock valuations are sitting at levels historically seen before big corrections, the $2 trillion asset manager said in a note written by global economic advisor Richard Clarida, chief investment officer of Fixed Income Andrew Balls, and group chief investment officer Dan Ivascyn.
The first gauge they cited is the Shiller cyclically-adjusted price-to-earnings ratio, which compares the current S&P 500 price to a 10-year moving average of its earnings. Its current level of around 36x earnings is in the all-time 94th percentile.
The second measure is the equity risk premium, or the projected assumed returns of stocks over 10-year Treasurys based on current valuations. Sitting near zero, the ERP has only been this low 10% of the time. When it’s been this low in the past, significant stock-market declines have followed — see the 1987 crash and the dot-com bust in 2000.
“A mean reversion to a higher equity risk premium typically involves a bond rally, an equity sell-off, or both,” the note said. “The same chart shows two prior times when the premium was zero or negative: in 1987 and in 1996—2001.”
It continued: “Following the zero equity risk premium in September 1987, the stock market declined by almost 25%, while 30-year real bond yields fell by 80 basis points (bps). In December 1999, the equity risk premium reached its minimum level during the chart period, preceding an equity drawdown of almost 40% that ended in February 2003. In that same time, 30-year real bond yields fell by about 200 bps.”
High stock valuations make it likely that fixed-income assets outperform stocks in the years ahead, the note said. With yields high and rate cuts probably on the way, investors can clip an attractive coupon and have a good chance of seeing appreciation in the price of bonds down the road.
Valuations themselves are poor predictors of near-term stock price action, but if a negative catalyst comes along — a bad jobs report or rising inflation — high valuations leave the market vulnerable to more pronounced downside.
…
https://www.businessinsider.com/stock-market-crash-high-valuations-1987-dot-com-pimco-2025-6
There is a silver lining for the housing market if stocks and Treasury bond yields CR8R as much as the Pimco report suggests they might:
Under this scenario, mortgage rates would also CR8R…by alot!
Planet Money
Is all this talk of recession indicators a sign a recession is coming?
June 10, 2025 6:30 AM ET
Greg Rosalsky
Are we in a recession right now? Economists are divided.
For months, people have been talking about indicators of the dreaded R-word: recession. There have been the usual suspects: economists, investors, businesspeople and journalists. But maybe the most vocal group — and definitely the most funny: TikTokers.
In a recent episode, “How economists (and TikTok) know if a recession is coming,” Planet Money spends a little time diving into the viral recession-indicator trend on TikTok.
For example, take the theory from TikTok user Bryce Gruber, which centers on whether bars start skimping on their snacks. “Recession? I can tell you if there’s going to be a recession,” she says. “If you go to the bar and there are, like, little dishes of wasabi peas out, recession! You’re f***ed.”
It’s not just TikTok. Over at X (formerly Twitter), for example, the recession-indicator meme has taken the site by storm. “Saw a 10-pack of ramen noodles on Facebook marketplace. recession indicator,” posted Rob DenBleyker. “I bought it. another recession indicator.”
The popularity of recession indicators on social media is just the latest manifestation of a very old phenomenon. For generations, people have looked for small, informal signs that a recession is coming or already here. Here is a sample:
Women’s skirt lengths
There’s an old theory — known as the “Hemline Index” — that the lengths of women’s skirts tend to correlate with economic conditions. This theory was developed by an economist, George Taylor, during the Roaring 1920s (when skirt lengths tended to be short). “The theory suggests that when the economy does well, hemlines creep up to match the feel-good vibe of the period, only to fall back down with recessions, reflecting the somber mood of empty bank accounts,” writes Marlen Komar in InStyle magazine.
Alan Greenspan, the former chairman of the U.S. Federal Reserve, once hypothesized that a drop in men’s underwear sales is a sign of a recession. As former NPR correspondent Robert Krulwich reported back in 2008, Greenspan once told him that “if you think about all the garments in the household, the garment that is most private is the male underpants because nobody sees it except people like in the locker room and who cares.” So, basically, underwear is a purchase that men can put off when hard times hit. If you see a drop in underwear sales, be wary.
Another recession indicator: sales of cardboard boxes. The basic idea is that companies ship and sell products in boxes. If box sales drop, it could mean the economy is tanking. “During the 2008 recession, for example, cardboard-box manufacturers’ operating revenues fell by more than 50%,” wrote Michael Sincere over at Marketplace.
Parking lots at malls and stores could also serve as a recession indicator. If you see a bunch of empty parking lots, it could be a sign that consumers are cutting back spending and the economy is in a rough patch.
More recently, people have noticed that sales of frozen pizza tend to jump during recessions. “It’s not just about cost — it’s convenience, long shelf life, and the sense of familiarity that make frozen pizza a go-to choice when economic anxiety rises,” writes Micheline Maynard over at Food & Wine magazine.
Recession-indicator mania: A reason to worry?
It’s possible all the recent talk of recession indicators is an indicator a recession is coming.
After all, as the legendary economist John Maynard Keynes theorized, people’s feelings or emotions about the state of the economy — their “animal spirits” — are an important factor behind the booms and busts of the economy. Those animal spirits influence spending and investing decisions, so if the mood gets bad, that could cause a recession. In other words, fear the vibe shift (read this old Planet Money newsletter about economic theories of why recessions are even a thing).
Since World War II, recessions have tended to happen about every six years, on average. The last one, during the COVID-19 pandemic, happened about five years ago …
…
https://www.npr.org/sections/planet-money/2025/06/10/g-s1-70986/is-all-this-talk-of-recession-indicators-a-sign-a-recession-is-coming
Benzinga
‘Market Crashing Before Our Eyes’: Buyers Are Backing Out Of Deals In Record Numbers Amid Relentlessly High Interest Rates
Jeff Vasishta
Wed, June 11, 2025 at 6:16 AM PDT
4 min read
Power up the flux capacitor, climb aboard your DeLorean and prepare to travel back to 2008 because recent headlines concerning a real estate market crash seem very familiar.
The main differences between today’s imploding market and that of 17 years ago were that in ’08, bad mortgages and over-inflated house prices were the issue. Today, high interest rates, soaring insurance costs, economic fears, and stubborn inflation are the primary problems. The results, however, are pretty similar — much of the U.S. is becoming a buyer’s market, according to a recent report by Redfin (NASDAQ:RDFN).
…
https://finance.yahoo.com/news/market-crashing-eyes-buyers-backing-131601496.html
“…bad mortgages and over-inflated house prices were the issue…”
Those issues are present this time as well, just not visible yet, as the tsunami tide has only just begun to receed.
‘Only when the tide goes out do you discover who’s been swimming naked.’
— Warren Buffett
Dapper Detective
@Dapper_Det
BREAKING: Marion County Sheriff’s arrest an 18-year-old illegal alien from Guatemala for raping a boy under the age of 12.
Deiner Monzon Chilel, crossed into the U.S. illegally in 2022 under Joe Biden & is now being held on a ICE detainer.
*This is exactly why ICE raids matter*
12:19 PM · Jun 10, 2025
https://x.com/Dapper_Det/status/1932472685872734469
@FrontlinesTPUSA
NYC- A woman exits her vehicle to beg protesters to move out of the road so she can go to work to provide for her child.
Two protestors stopping traffic then tell her that “immigrants” are having their children stolen from them everyday and that they’re more important
@sav_says_
|
@TPUSA
7:46 PM · Jun 10, 2025
https://x.com/FrontlinesTPUSA/status/1932585313890681027
With a record mountain of $700 billion in housing inventory already on the market and more added daily, would American buyers be prudent to buy now, or stand by and stand back until the market stabilizes?