It’s Not A Retirement Savings Plan Anymore
A report from Market Watch. “‘The housing sector has weakened in 2025 due to poor affordability conditions, particularly from elevated interest rates,’ Buddy Hughes, a home builder and developer from Lexington, N.C., and the chair of the NAHB, said in a statement. Cuts in home prices haven’t stimulated sales much. Many sellers have the option to delist their home and wait out the market, but most builders need to clear their inventory. So they’re ramping up the deals. Oliver Radvin, senior vice president at John Burns Research and Consulting, said that based on their own builder-survey data in June and what he’s seen and heard in Jacksonville, Fla., and across the state, many builders were decreasing prices to bring buyers in — on top of offering incentives such as assistance with closing costs. ‘We know from our fieldwork in the market, builders are often advertising (and using) a combination of interest-rate buydowns, closing-cost assistance, credits toward option spend and other incentives along with outright price cuts … in order to make sales,’ he said. ‘Yes, builders are making sales, however, it is taking lofty incentive packages to get there.’ In July, 38% of builders cut home prices, which was the highest share since the NAHB began tracking this figure in 2022. The average price reduction was 5% in July, unchanged from the previous month. The use of sales incentives was also unchanged from last month, with 62% of builders offering them.”
The Valdosta Daily Times. “The latest numbers from the Georgia Association of REALTORS show that new listings in Lowndes County more than doubled in May 2025 compared to May 2024—up 116.7% from 18 to 39 homes. Year-to-date listings are up an eye-popping 168%. Buyers are responding enthusiastically: Pending sales jumped 400% over the past year, and closed sales climbed by 416%. At first glance, this robust activity suggests a healthy local market. The median sales price in May dropped to $305,000—an 18.4% year-over-year decrease.”
From Colorado Biz. “The housing markets in Denver and Colorado Springs closed out the first half of 2025 with both buyers and sellers facing challenges. Listings in the seven-county Denver metro area jumped to 18,870, in June, an 18.7% increase from a year ago. The surge pushes inventory to levels not seen in 15 years, with June marking the third consecutive month of record highs. ‘We are experiencing a buyers’ market, with roughly 1.5 sellers for every buyer,’ said Cooper Thayer of Denver-area real estate brokerage The Thayer Group, ‘Buyers hold a lot of negotiating power right now. They have so many choices and more time.’ Despite this, new listings for single-family homes fell 13.8%, and condos dropped more than 20% from May, indicating that the inventory buildup is largely a result of homes staying on the market longer rather than a flood of new properties. More than 60% of closings in June included a seller concession, averaging more than $10,500, as sellers adapt to attract the limited pool of potential buyers. For buyers looking for condos and townhomes, now is a good time to buy, Thayer said. Denver has about eight months of condo inventory.”
“Colorado Springs real estate experts described the Pikes Peak region’s housing market as ‘lackluster’ and ‘stagnant.’ While more homes hit the market year-over-year, with a 25.7% increase in active listings, and overall sales rose 6.5%, the market is still constrained in many price points. ‘The market continues to feel stagnant in many price points. If you’re trying to sell a property for $450,000 or under its very difficult,’ said Patrick Muldoon, president of Muldoon Associates Inc. in Colorado Springs. ‘The buyers for those properties are getting hit hardest with all the other price increases. We’re even seeing rental inventory sitting right now, despite being aggressively priced, because affordability is a real problem with the high discrepancy between median wages and median prices.'”
Summit Daily in Colorado. “After several reviews over the past year, a committee has been tasked with taking a closer look at plans for Breckenridge’s upcoming Runway Neighborhood, and its officials are using a new lens: equity. Units in the Runway Neighborhood are specifically for people whose income is anywhere from 85% to 180% of the area median income, which is set by the United States Department of Housing and Urban Development. Pricing for units in the neighborhood could range from $351,000 to $1.3 million. Some social equity advisory commissioners felt the pricing range wasn’t accessible for the local workforce. ‘These prices are insane, and I don’t think this is really reflecting what we need,’ commissioner Isaura Cirillo said.”
“Commissioner wondered if undocumented people were eligible to buy a home in the Runway Neighborhood, and housing program manager Darcy Henning said the town will not consider citizenship status. Cirillo said it will be important to communicate to ITIN number holders that the process of buying a home might look different for them. An ITIN number functions similarly to a social security number, but is for those who do not have proof of legal residency.”
The San Diego Reader in California. “Serra Mesa sits high above Mission Valley, perched like a quiet observer of the chaos below. It’s a neighborhood that’s easy to overlook: unlike nearby Kearny Mesa, no one ever went on a meth-fueled rampage in a tank there. But change has come to Serra Mesa, thanks to the good people of the government. Specifically, the city planning desk. In 2020, in response to a dire housing shortage, the City of San Diego rewrote its rules on Accessory Dwelling Units (ADUs). What was once a way to squeeze in a granny flat or a backyard cottage for some failure-to-launch offspring now became a developer’s dream.”
“And recently, longtime Serra Mesa homeowner Marisela Quinn took to Nextdoor to vent. Quinn titled her entry ‘Would you feel safe if strangers could watch you from their window—all day, every day?’ She described how a new two-story duplex had been built up against the property line next to her home. Its upstairs windows provided an unbroken line of sight directly into her living room, dining area, and dressing nook. ‘I cry daily,’ wrote Quinn. ‘I feel watched. I feel violated. We didn’t plan for this, and no one warned us it was coming. The City of San Diego has legalized voyeuristic architecture.'”
From LAist in California. “Homeowners who lost everything in the January wildfires are still on the hook for their mortgage payments. And in the coming months, some of them could end up paying rent for their temporary housing too. Some people have already run out. Others didn’t have coverage for costs like temporary housing — typically known as ‘loss of use’ or ‘additional living expenses’ coverage. In all, the report found that 6 in 10 of people displaced by the Eaton and Palisades fires won’t have coverage left for temporary housing within the year. Andrew King, who has been helping neighbors navigate fire recovery since their block went up in flames, said he sees a crisis brewing that could upend plans to rebuild.”
“‘ If they run out of the temporary housing coverage, then they’re gonna be forced to make a really difficult decision about whether or not they have to sell their home or figure out a way to keep paying their rent and their mortgage,’ he said. ‘ You are going to have folks that are likely not going to be able to stay in their homes, and that is going to dramatically impact recovery.’ ‘ We are seeing a lot of people who are underinsured,’ said Aimee Williams, who works with homeowners at Bet Tzedek Legal Services in Los Angeles . ‘Unfortunately that’s really common. And people often find that out only when a disaster like this happens, how common that actually is.’ Coming insurance woes aren’t the only issue for homeowners. Some are already struggling to pay their mortgages. Homeowners who delayed payments through a state forbearance program told LAist that their mortgage companies are now demanding quick, full repayment despite state rules.”
The Langley Advance Times. “If you follow the proceedings of your local city or town council, in any community across Canada, you have heard someone angry about a threat to their property values. The right of a homeowner to ever-rising property values must be enshrined in the Charter of Rights and Freedoms somewhere (I must have missed it). And yet, property values have fallen. And they are likely to continue to fall for a while, thank goodness. Because if property values keep rising at the rate they’ve been going up during the past quarter century, it’ll destroy the Canadian economy.”
“If you bought a $250,000 house in the Fraser Valley 25 years ago, it’s now worth about $1.4 million. That’s a 460-per-cent increase! In 2000, the average annual wage for a full-time worker in Metro Vancouver was $46,806, and now it’s $72,406, a 54.6-per-cent increase. If the price of housing had only gone up by as much as wages, that $250,000 home would only cost $390,000 today. Real estate, rentals, mortgages, and the construction industry now represents a full 28 per cent of Canada’s GDP. You think this country runs on oil and gas, or manufacturing? Nope. Both are dwarfed by the amount we feed into the housing industry. Younger people are increasingly borrowing from their parents (who are borrowing against the inflated values of their homes).”
“But the fever may have broken. Slower rates of immigration, housing reform, and the construction of new rental buildings have combined to halt home price growth. Which is good, because the growth in housing prices wasn’t just sucking money out of the wallets of new homeowners, it was robbing from every other aspect of our economy. As more and more people are paying more and more for housing, it’s slowly drawing money from every other part of the economy. Our recent bout of high inflation, alongside the biggest spike in housing costs ever seen in this country, has blown up that equation. The cost of your house needs to drop. It’s not a retirement savings plan anymore. It’s an anchor chained to the economy, and it’s dragging it down.”
From Interest New Zealand. “Housing Minister Chris Bishop says New Zealand has to decouple its economic growth from house price increases, even if it is difficult in the short-term. Speaking to reporters, he said the economic recovery needed to be driven by broad-based productivity gains and not increases in property prices. ‘We’ve got to decouple the idea that the economy is linked to house price growth. It’s not. Destroying the idea that the New Zealand economy should just be based on house price growth is a fundamental formula this government is trying to embed into the New Zealand psyche and also into the arteries of the economy. It will take some time but I’m pleased with the process we’re making,’ he said. ‘It frustrates me that, every time you open up some of the media outlets, there’s a huge interest in things like, housing market yet to take off, and everything’s characterized as: we need house prices to rise.’ The flipside of stagnant house prices was that it would be easier for first time buyers to get into the housing market. This should be ‘celebrated rather than bemoaned’ he said.”
“Economists have pointed to weak asset price growth as one reason the Reserve Bank’s interest rate cuts have had a muted effect. Normally, falling interest rates lift the present value of assets like property, making households feel wealthier and more likely to spend. But buyers remain nervous about their own job security and a big backlog of unsold houses means sellers have little leverage to push for higher prices. Real estate agents say an ‘oversupply’ of housing has replaced the shortage seen in previous years. Stephen Toplis, head of research at BNZ, said lower interest rates had stopped house prices from falling further but hadn’t put them on an upward trend. ‘Household net wealth has flatlined since mid-2021. House value is the key component of this… With asset prices going nowhere fast it shouldn’t be a great surprise that household spending is doing likewise,’ he wrote in a recent note.”
“Jarrod Kerr, chief economist at Kiwibank, said more cuts to the Official Cash Rate were needed to entice investors back into the housing market and kick start broader growth. ‘More rate cuts are needed to stimulate demand in housing. Much of our optimistic forecasts for growth in the Kiwi economy into 2026 is predicated on a bounce in housing demand — It’s the Kiwi way,’ he said in a note on Tuesday.”
This Post Has 66 Comments
From the New Zealand comments:
“Destroying the idea that the New Zealand economy should just be based on house price growth is a fundamental formula this government is trying to embed into the New Zealand psyche.” Would have never thought those words would leave Chris Bishops mouth. If Nat’s are serious about this decoupling, then reinstate a Land Tax to replace that Muldoon removed. Force productive use of land, and stop tax avoiding speculation and over concentration of capital in land.
OK and right there is the DGMer MONEY SHOT. SELL SELL SELL BABY
It started with Rogernomics. Up until then all governments had differentiated between an owner occupied property and everything else. The latter were categorised as businesses and as such finance was tiered by RBNZ control, colloquially known as the “corset,” at interest rates set quite higher than that of home mortgages. That regulatory oversight also provided definitive avenues for such as first home buyers by means of trustee savings banks, building societies, State Advancs and private solicitor lending. Rogernomics then dumped and lumped all property into the one big kit and caboodle. At the same time the then trading banks, previously barred from home mortgage lending were given a free rein, an open slather market immediately took hold and subsequent stoking such as introducing LAQC structures did the rest. And here we all are today.
Good to see acknowledgement that driving down a significant household expense is likely to make us better off. No doubt there will be (currently is?) some short term pain but this is a good long term approach and I wish Bishop well. I did not vote for the coalition and don’t like everything they’re doing, but I do like this. We need to grind landlords and land bankers into the ground until the old Kiwi single-minded investment strategy dies, and people actually start investing in things that will make the country richer and more productive.
Well, it’s long past time that it wasn’t ‘the Kiwi way’. If Chris Bishop is serious, well good on him. Prices need to stagnate for years to bring the earnings to price multiple down to no more than 5 and lower would be preferable. Jarrod Kerr should be released to perform more useful work in the economy. Any suggestions?
Obviously the mentality needs to change. Easier said than done is a poor cliche in this case though. You can’t change history but you can manage and change what history has created. Call it old fogeyism if you like but once upon a time the prime objective for NZ folk in purchasing a house was for the purpose of a home, a roof over the head of a family. Whereas the majority objective of a house purchase today is investment and/or speculation and capital gain. Introduce measures and incentives to break down and redirect that modern mentality then?
My god…….what abhorrent heresy from a leading NZ politician. Throwing the now walking dead, thirsty and starving NZ Housing Ponzi, under the unforgiving Abrams Tanks tracks!! = This won’t just break the sick, flea bitten NZ housing market legs, it will grind them into dust!! How will the formidable and nefarious Ashley Churchless and the Oneroof Coven react?? I am seeing tortured Chris Bishop Voodo dolls and fervent praying to the money gods for his return to the property pumping podium……as has been the case up to 2022 for all politicians. Good on ole Bishop, for breaking the property market protection squad mold of bygone polys and sicking the DDDebt Dobermans on the Property leveraged monkeys! Watch the property worm, head well SOOOOOUUUUTH:)
Prices need to stagnate for years to bring the earnings to price multiple down to no more than 5 and lower would be preferable.
If I were modeling price growth, I think I would have stagnate as the “best” case forecast, with the “base” case forecast being falling prices and the “worst” case forecast catering house prices.
modeling price growth
Simplify. It’s a mania and has only one model.
‘Pricing for units in the neighborhood could range from $351,000 to $1.3 million…‘These prices are insane, and I don’t think this is really reflecting what we need,’ commissioner Isaura Cirillo said…Commissioner wondered if undocumented people were eligible to buy a home in the Runway Neighborhood, and housing program manager Darcy Henning said the town will not consider citizenship status. Cirillo said it will be important to communicate to ITIN number holders that the process of buying a home might look different for them. An ITIN number functions similarly to a social security number, but is for those who do not have proof of legal residency’
That’s some sound lending right there Isaura.
Realtors are liars.
“affordability is a real problem with the high discrepancy between median wages and median prices”
How did this slip past the filter?
From the San Diego article:
Quinn’s post attracted over 250 comments. The Empaths arrived early, passing around digital tissues and shared outrage.
“I hate when people say ‘just move’ it’s not that easy,” wrote Cat, pointing to high interest rates and inflated home prices.
Linda and Christopher, who’ve been in the area since Nixon, declared: “Totally BS—we need to fight this!”
Madelyn Bennet took a more, er, earthy approach, suggesting Quinn weaponize dog poop and deploy it tactically.
The Strategists offered bamboo-based solutions.
“Plant a tall wall of bamboo. Grow it thick. Make it ugly on their side,” advised Valerie from La Jolla, in what might be the most passive-aggressive horticultural recommendation ever given.
Erwin, clearly deep in revenge fantasy, proposed a tall, ugly fence “that makes their unit harder to rent.”
The Realists (aka The Curtain People) were less sympathetic.
“Try curtains,” said Vicki. “Millions of people live in apartments with windows facing each other. Relax.”
Jamie wrote: “Where do you want the new housing to go? We need density. Buy an umbrella. No one is spying on you.”
The Philosophers saw a much bigger picture—one filled with liberal politicians, housing conspiracies, and globalist plots to ruin suburban peace forever.
The Strategists offered bamboo-based solutions.
“Plant a tall wall of bamboo. Grow it thick. Make it ugly on their side,” advised Valerie from La Jolla, in what might be the most passive-aggressive horticultural recommendation ever given.
Erwin, clearly deep in revenge fantasy, proposed a tall, ugly fence “that makes their unit harder to rent.”
The Realists (aka The Curtain People) were less sympathetic.
“Try curtains,” said Vicki. “Millions of people live in apartments with windows facing each other. Relax.”
Jamie wrote: “Where do you want the new housing to go? We need density. Buy an umbrella. No one is spying on you.”
The Philosophers saw a much bigger picture—one filled with liberal politicians, housing conspiracies, and globalist plots to ruin suburban peace forever.
“Mark my words,” warned Jennifer from Mission Heights. “This is what happens when you vote for Todd Gloria and Gavin Newsom. We used to be #1 in schools. Now we’re 32nd. They’re turning California into a surveillance state—one ADU at a time.”
And finally, The Exhibitionists entered the thread with solutions of their own.
“If I lived next to that duplex,” posted Keith from Allied Gardens, “I’d be naked in my backyard every single day. Let them enjoy the view.”
“If I lived next to that duplex,” posted Keith from Allied Gardens, “I’d be naked in my backyard every single day. Let them enjoy the view.”
Make the neighbors pay you to NOT be naked in the backyard. Seems to me there’s some good money to be made here.
The Federalist (7/17/2025):
“We’re not a nation of immigrants, we’re a nation of settlers. The people who founded America came to settle it, and settle it they did. They were not immigrating to an established nation, they were forging a nation out of a vast, largely unpopulated wilderness. Those who came after, in subsequent waves throughout the eighteenth and nineteenth centuries, most often pushed west, further into the wilderness, expanding the frontier of our nation and settling it along the way. Indeed the phrase itself, “nation of immigrants,” is nonsense. Immigrants by definition don’t create a nation, they become part of an established nation by assimilating into it.
The relevant history, as well as the difference between an immigrant and a settler, are clear enough. The thing to understand right now is why the “nation of immigrants” line is being deployed at all. I would suggest that it’s being deployed for the same reason it was deployed in 1986: as propaganda to justify mass amnesty for illegal immigrants and bolster the notion that it’s somehow “un-American” to insist on secure borders, assimilation, and citizenship.
Indeed, the Salazar bill throws out citizenship entirely. Instead of citizens who have solemn obligations to their adopted country, the tens of millions of illegal immigrants who have been here for at least seven years would, under the DIGNITY Act, constitute an entirely new legal class of non-citizens with “legal status” to live and work here, as though America is merely an economic opportunity zone.
If citizenship becomes some kind of ceremonial honorific that newcomers don’t really need to get along and even do well in America, then there’s no need to have citizens at all. We will all just be cogs in a GDP machine, and America as such will cease to exist.”
https://thefederalist.com/2025/07/17/america-is-not-a-nation-of-immigrants/
Cogs in a GDP machine? Sounds about right.
under the DIGNITY Act, constitute an entirely new legal class of non-citizens with “legal status” to live and work here, as though America is merely an economic opportunity zone
This form of amnesty is being pushed a lot in some circles. DJT needs to understand that the only answer is “no”
We already have some of these amnesties through DACA, U Visas, and CBP-1/parole. These migrants are protected from deportation and get work permits “while their application is being processed.” etc.
Chatty has a good rundown of the Diginity Act. If you’re here before 2021, then you pay $7000 in fines and you get 7 years of legal status, a work permit, and after the 7 years you can apply for another five years, with renewals. But, there’s no path to citizenship, no federal benefits, and the bill also provides for national e-verify and border security. The bill was introduced in 2023. It’s got some bipartisan support.
I don’t like the renwable part of this, because now they’re all going to be here forever plus kids. And I’m sure there are a dozen workarounds to still obtain federal bennies, maybe by funneling through a state program or NGOs.
A lot has changed since the bill was introduced in 2023. The border security parts of the bill were already done by DJT’s exec orders and by the Big Beautiful Law. What’s left of the Dignity Act is just a mild amnesty bill. There’s no reason for R’s to support it now. Also the voters have been much clearer about wanting mass deportation. Any Congresscritter who even tries to support this will face a primary challenge. Salazar herself might face a challenge.
no federal benefits
That won’t stop states from providing them. They will get Section 8, SNAP. Medicaid, etc. Just like they do now, they will have large broods, subsidized by taxpayers who can’t afford kids of their own.
If farmers need field hands, then bring back the bracero program: they come and work in the fields and once the harvest is complete, they go home. Failure to do so will get them kicked out of the country and the program.
Almost i remember back in my days in South Carolina, the migrants had a system, when the crops were picked they moved to a new farm all the way up the east coast to long island. The usually they got a bus ticket or flew back to Imokalle fla…
West London resident tells councillors he can hear his neighbour ‘having his morning poo’
A West London resident has urged his local council to get a grip on the overconcentration of HMOs which he says has meant he can hear his neighbour “having his morning poo”.
He told councillors at Ealing Council on Tuesday (June 15) that residents are in despair and feel as if no one is listening to them.
Manos Kanellos, a Hanwell resident, described living next to a HMO as a “nightmare”. Speaking of his neighbour’s morning routine he added: “His bum is 70 centimetres from my table, I can hear everything – there is no sound insulation in these houses.”
A frustrated Mr Mannelos went on to say: “We have tried to talk to [Ealing] Council, but nobody will listen – we are basically the new Perivale. Family homes are being converted into HMOs – mini hotels – and rented back to the council.
“We are against the overconcentration of this in our area. It destroys our neighbourhood, our family neighbourhood.”
Mr Manellos was speaking on behalf of a group of 50 households in Hanwell. He spoke of a group of residents “at the end of [their] despair”.
https://harrowonline.org/2025/07/20/west-london-resident-tells-councillors-he-can-hear-his-neighbour-having-his-morning-poo/
I would say the thing about Commie Urban Living, but this is London we are talking about. It’s all commie.
West London resident tells councillors he can hear his neighbour ‘having his morning poo.”
“His bum is 70 centimetres from my table”
Maybe recommend more fiber in his diet,
US scientists describe impact of Trump cuts
“Our ability to respond to climate change, the biggest existential threat facing humanity, is totally adrift,” said Sally Johnson, an Earth scientist who has spent the past two decades helping collect, store and distribute data at Nasa (National Aeronautics and Space Administration) and Noaa (National Oceanic and Atmospheric Administration).
Donald Trump’s assault on science – but particularly climate science – has led to unprecedented funding cuts and staff layoffs across federally funded agencies and programs, threatening to derail research tackling the most pressing issues facing Americans and humanity more broadly. A generation of scientific talent is also on the brink of being lost, with unprecedented political interference at what were previously evidence-driven agencies jeopardizing the future of US industries and economic growth.
Many said they had already had funding slashed or programs terminated, while others fear that cuts are inevitable and are beginning to search for alternative work – either overseas or outside science. So far, the cuts have led to a 60% reduction in Johnson’s team, and fear is mounting over the future of 30 years of climate data and expertise as communities across the country are battered by increasingly destructive extreme weather event
An anthropologist who researches the impact of floods and cyclones on public health and food supplies in Madagascar, which is among the most vulnerable nations in the world to the climate crisis but contributed virtually nothing to the catastrophe, is leaving Johns Hopkins for Oxford University after funding for the remainder of her fellowship was threatened.
“I am devastated to leave family, friends and the grad students I am mentoring in the US, but this seemed like the only way to continue work I’ve been pursuing for 10+ years. I am working on improving climate mitigation and adaptation in an African country. After Trump was elected, the writing was on the wall. There is no way I can write grant applications that will be acceptable to this government.”
A veteran infectious diseases researcher at Ohio State University was forced to abandon a clinical trial for a new medication to treat hypoxemic respiratory failure in Covid patients after the National Institute of Health (NIH) terminated funding midway through the study.
The decision will save $500,000, but $1.5m had already been spent on the trial which researchers hoped would lead to new treatment options for the million or so people hospitalized with respiratory failure each year as a result of flu, Covid and other infections. The trial would have to be repeated from the start, in order to seek approval from the FDA.
“This is a disaster for all of us. We’re all depressed and living on a knife-edge, because we know we could lose the rest of our grants any day. These people really hate us yet all we’ve done is work hard to make people’s health better. A flu pandemic is coming for us, what’s happening in cattle is truly scary and all we have is oxygen and hope for people,” said the Ohio scientist.
Wessel van den Bergh, a materials scientist with a PhD, was working on battery storage technology for a Chinese-owned renewable energy company in Massachusetts. He was laid off in early June amid Trump’s tariff chaos and attacks on science and renewables, and is struggling to find work.
“It’s crushing, I don’t see a clear path ahead any more. I no longer feel this country values science. It’s genuinely heartbreaking to build your vocation to something that could genuinely benefit the world for it to be quashed for imagined political victories … especially at a time where these kinds of technologies are the only way out of the climate crisis,” said Van den Bergh.
https://www.theguardian.com/us-news/2025/jul/20/science-trump-funding-cuts-layoffs
A generation of scientific talent is also on the brink of being lost,
The GenX generation of scientists was already lost. Research money has been drying up since the 90s. Companies have been tightening their belts and ditching luxury R&D. And once a process is figured out, the whole kaboodle is moved to China along with the high-pay jobs.
More than 50% of scientific papers (in all fields) cannot be replicated. Which means it’s not science at all, but fraud. (just like everything else)
Science has been gone for a long time.
I’d say it is more than 80%. The universities just graduate anybody from Masters and PhD. The worst are Chinese universities. All of the faculty and students are writing thesis based on computational modeling such as CFD. I find that the articles in most journals, except certain ASME journals such as jouranl of turbomachinery and journal of eng for gas turbines and power are garbage. The technical magazine articles are trash in that there is no valid literature review and they take a really bad design and try to improve it using CFD. The end result is no one in their right mind can use these data to design something new let alone improve an existing design.
“Our ability to respond to climate change, the biggest existential threat facing humanity, is totally adrift,”
Won’t the commies in Brussels pick up the tab. since it is an existential crisis? Maybe the can also send “climate ambassadors” to Africa, to tell those living in huts that they too can help fight climate change, no doubt via a slight increase to the VAT.
Raise taxes to change the weather, because TheScience™
Most of these people could really use some suffering in their lives. Perhaps they’d become a lot less delusional.
Most of these people could really use some suffering in their lives.
I also wonder if suffering would awake some people. I kind of doubt it, and I would be concerned that suffering, which will eventually have to happen, will bring a greater call for socialism.
Letters, July 20, 2025
Elbows deep
So, it appears Prime Minister Mark Carney was lying to Canadians during the election when he said he was the only person who could deal with President Donald Trump and it was all “Elbows Up.” Now, all we get is ‘Hands Up,’ as in ‘We Surrender.’
DAVE MCMULKIN
(May I have another, sir?)
https://calgarysun.com/opinion/letters/letters-july-20-2025-weve-got-your-back-alberta
Now, all we get is ‘Hands Up,’ as in ‘We Surrender.’
This is what happens when you put your faith into lies.
Hands up………go disco go disco
https://www.youtube.com/watch?v=HYS2SYge28w
US ending tomato trade agreement met with praise, criticism
After the Department of Commerce terminated the 2019 Tomato Suspension Agreement between Mexico and the U.S. on Tuesday, reaction from trade stakeholders and public officials on both sides of the border was divided.
The Florida Tomato Exchange, which has been pushing for more restrictions on Mexican-grown tomatoes for years, hailed the termination of U.S.-Mexico Tomato Suspension Agreement.
“[The] decision is an enormous victory for American tomato farmers and American Agriculture,” Robert Guenther, executive vice president of the Florida Tomato Exchange, said in a statement. “We’re grateful for the decisive, bold, and crucial action taken by the Trump administration. This decision will protect hardworking American tomato growers from unfair Mexican trading practices.”
https://finance.yahoo.com/news/borderlands-mexico-us-ending-tomato-110000385.html
Mexican tomato growers brace for industry-wide impact from US tariff
Mexican tomato growers are bracing for major impacts, including reduced exports, job losses and declining domestic prices, following the United States’ imposition of a 17.09 percent duty on most fresh tomatoes imported from Mexico on July 14.
Mexico supplies at least two-thirds of the tomatoes consumed in the United States, with annual exports worth more than 2.8 billion U.S. dollars.
“Since exporting tomatoes to the U.S. has become less profitable, we will pick less and transport less tomatoes in Mexico, and as a result less workers are needed. The newly imposed U.S. duty will lead to job cuts and many people will become unemployed,” said Jose, a tomato picker.
https://www.bastillepost.com/global/article/5043751-mexican-tomato-growers-brace-for-industry-wide-impact-from-us-tariff
“Mexico supplies at least two-thirds of the tomatoes consumed in the United States……”
NAFTA did this! US tomato farmers supplied all or most of these tomatoes before NAFTA.
Venezuelan detainee alleges inhumane conditions at Alligator Alcatraz
A Venezuelan man detained at a South Florida immigration detention center known as Alligator Alcatraz is alleging inhumane conditions at the site, including overcrowding, poor sanitation and lack of medical care.
“For us, the conditions are fatal,” Enzo Aspite told CBS News Miami, although there are no reported deaths at the facility.
A check of Aspite’s criminal history shows at least seven arrests. He is originally from Venezuela and said U.S. Immigration and Customs Enforcement (ICE) took him into custody on July 4 after his Temporary Protected Status expired. He was transferred to the facility on July 5.
CBS News Miami translated Aspite’s phone interview from Spanish to English. He agreed to let the station record and broadcast the conversation.
“This is not for human beings,” Aspite said. “We bathe one day, yes, and three days no. The lights are never turned off. We have no place for recreation. The food is given at different times. Giving us medication is awful. There is no doctor to see you.”
Aspite said he is living under a hot tent that leaks when it rains. “The sound of the rain on the tarp is frightening,” he said.
Aspite said he receives one hot and one cold meal each day, typically consisting of a ham and cheese sandwich, an apple and chips. When asked about his last meal, he said he had eaten that morning, but not since the previous afternoon.
“They have us in a cage like chickens,” he said. “There are 32 people in each cage. We have no rights here. When we need something, they ignore us.”
“When we want to use the bathroom, we can’t because they see everything,” he said. “Above us we have a camera.”
“The toilets back up and it’s something very horrible,” Aspite said.
Aspite said he has not signed any documents handed to him. His girlfriend told CBS News Miami that he does not have a lawyer. While Aspite does not want to return to Venezuela, his family said they just want him out of the facility.
https://www.cbsnews.com/miami/news/venezuelan-detainee-inhumane-conditions-alligator-alcatraz-cbs-miami/
He’s probably hoping that a Democrat Senator will ride to his rescue.
And he might as well sign the papers to expedite his return to Venezuela. He’s going to be deported one way or another.
“They have us in a cage like chickens,” he said. “There are 32 people in each cage. We have no rights here. When we need something, they ignore us.”
Bright Eyes is learning at a exponential rate!
What BS
Use taxpayer money for grifting and fraudulent “affordable”housing and then give it away to illegals. doom loop statewide.
Orlando immigrants’ path to deportation: Often, it starts with a traffic infraction
One morning last month two brothers headed to their Central Florida construction job, in a car driven by their boss. He switched lanes along a highway without signaling, and a police officer pulled him over.
That minor infraction was all it took to land the two undocumented Mexican nationals in custody and facing deportation, their lives upended by the June traffic stop.
“When I found out, I cried for days in my room,” said the 14-year-old daughter of one of the brothers. Their wives are also undocumented, and the families now fear straying too far from the Orange County trailer park where they live.
“I never thought this would happen to us,” the daughter said, speaking in Spanish. “When Donald Trump got in, he said he would deport the bad guys, the criminals but … we are now scared because they’re taking out the good people, the ones who are hard workers.”
An Osceola deputy sheriff stopped Luis Ernesto-Mancera on March 29, after observing that he walked “briskly” into a Wawa convenience store off State Road 441 in Kissimmee, arrest records show.
The deputy ran the tag of the vehicle Ernesto-Mancera parked, learned he didn’t have a driver’s license and pulled him over when he left the store and started to drive away. Ernesto-Mancera, a Colombian national, is now in ICE custody, court records show.
A St. Cloud police officer in April pulled over a white Ford van with window tinting that was too dark, according to court records. Juan Oswaldo Chacaj-Simon, a Guatemalan national, was arrested for driving without a license and booked into the Osceola County Jail. He has since been deported, records show.
Raymundo Delarosa-Olvera was pulled over near a McDonald’s in St. Cloud in February. A city police officer had run the tag on his faded pick-up truck with chipped paint and discovered he, too, had no driver’s license.
The Mexican native told officers he had been living in the U.S. for nine years and worked in construction, body camera footage shows.
Of the 375 cases, 208 were for traffic issues and another 93, or nearly 25%, were for non-violent charges, including driving-under-the-influence, drug possession and theft.
Seventy-four of those arrested, or less than 20%, faced serious charges involving violence, including two for murder and others for felony battery, domestic violence and child abuse. Two men also faced accusations that they were affiliated with the notorious Venezuelan street gang Tren de Aragua
For many immigrants, driving is fraught, as the state doesn’t issue driver’s licenses to undocumented people. Florida requires proof of citizenship for a license to be issued and in 2023, banned out-of-state licenses for undocumented drivers, which 16 states and Washington D.C. issue.
But getting to work without getting in a car is a challenge in the mass-transit-starved Orlando area.
Traffic stops are robbing Central Florida of the workers who prop up its economy, said Felipe Sousa-Lazaballet, the executive director of the Hope CommUnity Center in Apopka, which advocates for immigrants.
“The truth is they’re going after the domestic worker who cleans the home or the construction worker driving to the workplace – that’s what’s happening,” he said. “They’re criminalizing everyday life and calling everybody criminals.”
A.H., the wife of one of the brothers, said the family was deported from the U.S. previously but returned three years ago because of terrible conditions in their hometown in Mexico, where murder and carjackings were common.
“We are so confused and don’t know what to do,” she said in Spanish, tears streaming down her face. “We can’t go back to Mexico.”
Her husband’s brother and his wife, an undocumented immigrant from Guatemala who is 9 months pregnant, live with them, both families sharing the single trailer. Since the brothers’ arrests, the women barely leave the home but for walks around the trailer park or quick trips to a grocery store that is within walking distance.
For A.H., the pain of not knowing where her husband was being held made the situation even worse. But finding him has meant little comfort.
Because she is not a legal resident she is prohibited to video chat or visit him in person, as jail rules require a “valid driver’s license, passport or state and/or military ID” that she doesn’t have. Her children are citizens but they are underage and cannot connect with their father unless a legal guardian is present, a process that would also require A.H. to provide the ID she lacks.
“I just want him out,” she said through tears.
G.C., another undocumented Mexican immigrant living in Orange, said she and her husband have been in the U.S. for more than 20 years, working as housekeepers and in construction. They have largely lived under the radar, working hard “in search of a better life for our kids,” she said in Spanish.
But the recent arrest and deportation of a close relative has shattered their sense of home here. She also asked to be identified by only her initials, worried about making herself and her family a target of authorities.
Her relative was arrested in March as he went to fill his truck with gas at a station around the corner from his home, getting ready for a landscaping job. He promised his wife he would be back shortly – but he has never returned.
Now G.C.and her husband wonder if they should leave too.
“Sometimes we think it doesn’t make sense anymore to be here because everything is very expensive and I can’t leave my house like I used to,” for fear of getting picked up by immigration authorities, G.C. said in Spanish.
“It’s not easy for me to say I will go back to Mexico and leave my kids,” she said.
https://www.yahoo.com/news/orlando-immigrants-path-deportation-often-110000358.html
Take the rug rats with you GC.
“Sometimes we think it doesn’t make sense anymore to be here because everything is very expensive and I can’t leave my house like I used to,” for fear of getting picked up by immigration authorities, G.C. said in Spanish.
20 years in the US and she still needs an interpreter.
Anyway, you had a good run. Time to liquidate your assets and go home.
“an undocumented immigrant from Guatemala who is 9 months pregnant”
Once again, to be paid for by U.S. taxpayers.
I really hope the Fed gov apply the screws to auto insurance companies, specifically tailored for those driving without insurance, legal residents and illegals. For illegals, make it a felony not to have registration, insurance and driving license. Also, make the penalties higher for hit and run, failing to provide aid, DUI/ OWI etc. Illegals in possession of any drugs should be remanded and detained, with notification to ICE.
Woman’s murder in Illinois: Judge sets Mexican illegal free; ICE arrests him back
A Mexican national accused of decapitating a missing Illinois woman and hiding her body in a bleach-filled container was re-arrested by US immigration authorities on Saturday (local time) in Chicago, months after he was released from custody despite facing serious charges.
Jose Luis Mendoza-Gonzalez, a 52-year-old resident of Waukegan, Illinois, was first arrested in April after police discovered the body of 37-year-old Megan Bos in a container in his backyard. He was charged with concealing a corpse, abusing a corpse and obstruction of justice, according to the Department of Homeland Security (DHS).
However, shortly after his first court appearance, Lake County Judge Randie Bruno released Mendoza-Gonzalez under the provisions of Illinois’ Safety, Accountability, Fairness and Equity-Today (SAFE-T) Act. The decision drew sharp criticism from public officials who questioned the release of someone accused of such a heinous crime.
On Saturday, Mendoza-Gonzalez was taken back into custody by Immigration and Customs Enforcement (ICE) agents at a market in Chicago. He now remains in ICE detention, DHS confirmed.
After Mendoza-Gonzalez’s release in April, Antioch Mayor Scott Gartner criticized the laws that allowed the suspect’s release.
“I was shocked to find out literally the next day that the person that they had arrested for this had been released from prison under the SAFE-T Act less than, detained less, I think, than 48 hours,” Gartner said.
Gartner emphasized that there are several other serious factors in this case, including the nature of the crime, how long it was hidden, and the fact that the suspect is not a US citizen and could potentially flee the country.
Republican State Representative Tom Weber also expressed his concern about Mendoza-Gonzalez’s release in April.
“Someone that hid their body in a garbage can for 51 days after leaving it in the basement for two days, after not calling 911 [and] breaking a phone. Is this a non-detainable offense?” Weber said. “Should we not find out, wait for a toxicology report, anything?”
https://www.msn.com/en-in/news/world/womans-murder-in-illinois-judge-sets-mexican-illegal-free-ice-arrests-him-back/ar-AA1IVeSK
The decision drew sharp criticism from public officials who questioned the release of someone accused of such a heinous crime.
Illegals truly grew accustomed to us bending over backwards for them. Thankfully, that is ending.
18 Pinoy cruise ship workers deported from US
EIGHTEEN Filipino crew members were forcibly removed from the Carnival Sunshine cruise ship at the Port of Norfolk, Virginia, and deported to the Philippines—triggering outrage among Filipino American communities and immigrant rights advocates.
The arbitrary deportation of 18 Filipino seafarers was learned on the same day President Ferdinand Marcos Jr. arrived in Washington D.C. for a meeting with US President Donald Trump at the White House.
Some of the seafarers were handcuffed and leg-cuffed by US Customs and Border Protection (CBP) agents, according to accounts gathered by BusinessMirror.
“Trinato kaming kriminal. Hindi kami pinakain, walang tubig. Nag-iiyakan na kami. Gusto namin ng hustisya sa ginawa sa amin [We were treated like criminals. No food, no water. We were crying. We want justice for what was done to us],” said Marcelo Morales, a shipboard chef from Southern Leyte, in a phone interview.
CBP agents began boarding the cruise ship at nearly every port call to Norfolk since February 2025, apprehending Filipino crew members in batches.
Morales, 33, said his ordeal began on May 30, when agents searched his phone for illicit content.
“They confiscated my cellphone and checked everything thoroughly. After the official search, they asked if I had viewed child pornography. I denied the accusation, and after they found nothing, I was cleared and allowed to return to the vessel—no charges, no citation, not even a warning,” he recalled.
But on June 28, when the Carnival Sunshine docked again in Norfolk, agents returned and placed Morales under arrest. His fingerprints and DNA samples were taken, and he was informed that he was being accused of watching child sexual abuse material—despite already being cleared weeks prior.
“No new evidence was shown. They didn’t search my phone again—they just placed it in a small transparent envelope and took me,” he said.
Eight other Filipino crew members—including a fellow chef, four stewards, a waiter, and a sanitation worker—were also detained.
The seafarers were asked to sign documents indicating the revocation of their C1/D visas.
“Dun na kami nag-panic,” Morales said. “Nung tinanong namin kung ano ang kaso namin, sabi sa amin [That’s when we panicked. When we asked what was the case against us, they replied], ‘We cannot answer you.’”
Despite their refusal to sign, their visas were stamped “revoked.”
Upon arrival in Manila, they were handed official notices citing violations of Section 212 of the US Immigration and Nationality Act, which pertains to illegal entry and “jumping ship.” Morales was also handed two orders barring him from re-entering the United States for 10 years.
Only a staff member from the cruise line’s Human Resources department visited them during detention, but Morales said they felt abandoned.
“They told us to follow American law—but no one explained anything to us,” he said.
Asked whether they contacted the Philippine Embassy in Washington, Morales replied, “Hindi po. Tinanggalan kami ng access sa phones namin [We did not, because they took away our phones].”
He’s now struggling to support his two siblings in college and has encountered difficulty applying for new shipboard jobs.
“Lumiliit ang opportunity namin kasi karamihan ng barko, lumalayag sa America [Our opportunities are quite limited now because most ships sail through America enroute to other destinations],” he said.
Washington D.C. issued a public advisory reminding Filipinos in the US and onboard vessels in US territorial waters that “child pornography is one of the worst forms of child exploitation and to consume it perpetuates such exploitation.”
The embassy emphasized that US federal and state laws criminalize the possession, viewing, transport, and distribution of child sexual abuse materials, and violators can be prosecuted, penalized, and deported.
“In this regard, everyone is enjoined to desist from downloading, possessing, viewing, transporting, distributing and selling child pornography,” it said in an advisory posted on Facebook.
https://businessmirror.com.ph/2025/07/21/we-were-detained-like-criminals-18-pinoy-cruise-ship-workers-deported-from-us/
This is one reason I refuse to cruise: most of the crew are third worlders who are paid a pittance, and then you are strong armed into giving them huge tips.
Are the stock market worriers over worrying the stock market?
Yahoo Finance
Fool.co.uk
Get ready for a US stock market crash?
Zaven Boyrazian, CFA
Fri, 18 July 2025 at 11:21 pm GMT-7
3 min read
2025 has been a year of record highs for the UK and US stock markets. But while British shares continue to look undervalued, the same can’t be said for American equities. In fact, despite numerous economic threats and uncertainties looming on the horizon, the S&P 500 has continued to climb higher.
The market’s resilience is certainly welcome, but it could also be an early warning sign of complacency. And as a result, numerous investing experts have started warning of the possibility of catastrophe later this year.
Caution advised
Perhaps one of the most vocal voices of caution is coming from the CEO of JP Morgan Chase, Jamie Dimon. With new US tariffs soon to be reinstated with huge trading partners like Europe and China (unless a trade deal suddenly emerges), he’s warned of incoming inflation. Depending on its severity, consumer spending could soften significantly, resulting in slower economic growth. And in the worst-case scenario, that could lead to stagflation.
Dimon isn’t the only one getting nervous. Other high-profile investors such as Michael Burry and Albert Edwards are also becoming sceptical that the US stock market can sustain its current valuations, with a correction, or potentially even a full-blown crash, due to arrive later this year.
Valid concerns
These experts have raised some legitimate concerns over the current state of the economy. And the US stock market does look vulnerable in certain sectors, particularly in artificial intelligence (AI), where sky-high valuations are completely divorced from fundamentals. For example, Palantir Technologies (NASDAQ:PLTR) is one US stock that I’m steering clear of.
The business actually looks quite promising. As a specialist in data analytics and AI that even the US government uses in counter-terrorism, Palantir has proven to be a force to be reckoned with. That’s translated into phenomenal revenue growth rates averaging 27% a year since 2020. And if management’s forecast is correct, the company’s on track to deliver up to $1.8bn in free cash flow by the end of 2025.
Needless to say, those are some impressive feats. And when combined with the hype surrounding the AI industry, the US stock’s up a jaw-dropping 395% in the last 12 months alone!
However, this excitement has pushed the price-to-sales ratio all the way to 113. For reference, the average for US stocks is 3.2. In other words, all it takes is one missed earnings target for volatility to wreak havoc on the Palantir share price. And considering the business is highly dependent on US government contracts, the slightest cut in the defence budget could be all it takes to push things over the edge.
…
https://uk.finance.yahoo.com/news/ready-us-stock-market-crash-062100372.html
Wall Street Journal — Newly Flush With Cash, ICE Races to Build Migrant Tent Camps (7/19/2025):
“With an overnight tripling of its annual budget and intensifying pressure to increase deportations, U.S. Immigration and Customs Enforcement is racing to expand its detention space with temporary tentlike structures, despite safety warnings.
Trump administration officials have identified limited detention space as one of the major chokepoints preventing them from stepping up deportations as quickly as President Trump has promised. They hope a new $45 billion for detention through the end of his term will help them get to 100,000 beds by the end of the year, up from roughly 40,000 when Trump took office. ICE’s plan was laid out in several internal documents reviewed by The Wall Street Journal and described by administration officials familiar with the effort.
“No one has to be arrested or held in a detention center,” said DHS spokeswoman Tricia McLaughlin. “They have a choice. If they are in this country illegally they can take their $1,000, a free flight home and leave now,” she added, referring to the administration’s self-deportation program.
https://archive.md/Woovs
A few days ago I came across this behind a paywall:
https://www.bizjournals.com/tampabay/news/2025/07/15/sarsota-home-builder-bankruptcy-market.html
Still now news from other sources, this is what the search showed:
The Business Journals
Southwest Florida housing slump forces Sarasota homebuilder into bankruptcy
Modern Builders files for bankruptcy as Southwest Florida’s housing market collapses, with $7M in defaulted loans and falling home values.
drip, drip, drip…
There will be some amazing opportunities soon in FL if you don’t mind gambling on hurricanes.
Buddy of mine drive cyro tankers (very cold industrial chemicals) out of Arizona. A drunk illegal decides to pass 10 cars on a double yellow and runs into him, ruins the tanker. The trailers cost over 500,000 dollars new (not a typo), plus the truck, plus illegals car is destroyed. The driver of the illegals car gets out and takes a cooler full of beer and throws it into the median. ALL ON VIDEO. And the americans all yelling at the illegal family ,he’s drunk, all on video
cops finally come, tanker gets towed off, illegal goes in handcuffs, they can’t find a record of him anywhere. no license, no ID, no passport, no whatever. nothing, guy basically doesn’t exist.
doubt he has insurance either.
So there’s at least 700k in a hit to the economy from this one loser and his “family”. in one day
They all gotta go back.
How did the survive the collision?
the drunk guy? they always seem to live. My buddy? the guy hit mostly the trailer of the semi truck. the tractor was still driveable.
“They all gotta go back”
Build the wall, deport them ALL.
CNBC — In recent layoffs, AI’s role may be bigger than companies are letting on (7/20/2025):
“As rounds of layoffs continue within a historically strong stock market and resilient economy, it is still uncommon for companies to link job cuts directly to AI replacement technology.
IBM was an outlier when its CEO told the Wall Street Journal in May that 200 HR employees were let go and replaced with AI chatbots, while also stating that the company’s overall headcount is up as it reinvests elsewhere.
Fintech company Klarna has been among the most transparent in discussing how AI is transforming – and shrinking – its workforce. “The truth is, the company has shrunk from about 5,000 to now almost 3,000 employees,” Klarna CEO Sebastian Siemiatkowski told CNBC’s “Power Lunch” in May. “If you go to LinkedIn and look at the jobs, you’ll see how we’re shrinking.”
“What we’re likely seeing is AI-driven workforce reshaping, without the public acknowledgment,” said Christine Inge, an instructor of professional and executive development at Harvard University. “Very few organizations are willing to say, ‘We’re replacing people with AI,’ even when that’s effectively what’s happening.”
https://www.cnbc.com/2025/07/20/in-job-losses-ais-role-may-be-bigger-than-companies-say.html
If your jobs doesn’t require problem solving skills, then you are at risk of being replaced by an AI, though the early adopters will find that it’s not ready for prime time yet.
Lila Rose
@LilaGraceRose
Two men hired surrogate Brittney Pearson to create their “dream family.”
By the end of the process, a 25-week-old baby boy was murdered.
12:04 PM · Jul 18, 2023
·
https://x.com/LilaGraceRose/status/1681334245111787520
Better off dead at 25-wks as it would have been a “bacha bazi” boy.
Trump threatens Washington stadium deal unless NFL team readopts Redskins name
By Daniel Trotta
July 20, 20256:21 PM EDT
Updated 51 mins ago
July 20 (Reuters) – U.S. President Donald Trump threatened on Sunday to interfere with a deal to build a new football stadium in Washington, D.C., unless the local NFL team, now known as the Commanders, changes its name back to Redskins.
The American football team dropped the name Redskins in 2020 after decades of criticism that it was a racial slur with links to the U.S. genocide of the Indigenous population.
https://www.reuters.com/sports/trump-threatens-washington-stadium-deal-unless-nfl-team-readopts-redskins-name-2025-07-20/
I say bring back Chief Noc A Homa from the Braves!
Chief Noc A Homa- the REAL Native American Atlanta Braves Mascot!
https://youtu.be/XhImIGA8HjU?si=sZAlCwqcXEuFlMam
Only video I could find was Facebook and I couldn’t transfer over
‘Yes, builders are making sales, however, it is taking lofty incentive packages to get there.’ In July, 38% of builders cut home prices, which was the highest share since the NAHB began tracking this figure’
Build Buddy build!
‘The latest numbers from the Georgia Association of REALTORS show that new listings in Lowndes County more than doubled in May 2025 compared to May 2024—up 116.7% from 18 to 39 homes. Year-to-date listings are up an eye-popping 168%…The median sales price in May dropped to $305,000—an 18.4% year-over-year decrease’
You really screwed up this time Jerry.
‘Listings in the seven-county Denver metro area jumped to 18,870, in June, an 18.7% increase from a year ago. The surge pushes inventory to levels not seen in 15 years, with June marking the third consecutive month of record highs. ‘We are experiencing a buyers’ market, with roughly 1.5 sellers for every buyer’
Wa happened to my shortage Cooper? Colorado is obviously heading toward what Florida is doing now.
‘Quinn took to Nextdoor to vent. Quinn titled her entry ‘Would you feel safe if strangers could watch you from their window—all day, every day?’ She described how a new two-story duplex had been built up against the property line next to her home. Its upstairs windows provided an unbroken line of sight directly into her living room, dining area, and dressing nook. ‘I cry daily,’ wrote Quinn. ‘I feel watched. I feel violated. We didn’t plan for this, and no one warned us it was coming’
It’s still way cheaper than renting Marisela.
‘ If they run out of the temporary housing coverage, then they’re gonna be forced to make a really difficult decision about whether or not they have to sell their home or figure out a way to keep paying their rent and their mortgage,’ he said. ‘ You are going to have folks that are likely not going to be able to stay in their homes, and that is going to dramatically impact recovery.’ ‘ We are seeing a lot of people who are underinsured,’ said Aimee Williams, who works with homeowners at Bet Tzedek Legal Services in Los Angeles . ‘Unfortunately that’s really common. And people often find that out only when a disaster like this happens, how common that actually is’
The lending was sound at the time. They mention the foreclosures are rolling out in spite of the ‘law.’ The law didn’t mean sh$t.
‘As more and more people are paying more and more for housing, it’s slowly drawing money from every other part of the economy. Our recent bout of high inflation, alongside the biggest spike in housing costs ever seen in this country, has blown up that equation. The cost of your house needs to drop. It’s not a retirement savings plan anymore. It’s an anchor chained to the economy, and it’s dragging it down’
Conclusion number 1000 globally on the HBB.
Do you like in one of the 100+ large metro housing markets in the US where prices are falling?
Fast company
07-20-2025
Number of housing markets with falling home prices jumps sharply to 109—up from 31 in January
Among the 300 largest metro-area housing markets, these 109 are seeing falling home prices on a year-over-year basis.
Number of housing markets with falling home prices jumps sharply to 109—up from 31 in January
BY Lance Lambert
National home prices rose 0.2% year over year from June 2024 to June 2025, according to the Zillow Home Value Index reading published July 17—decelerated from the 3.2% year-over-year rate from June 2023 to June 2024.
And more metro-area housing markets are seeing declines:
—> 31 of the nation’s 300 largest housing markets (10%) had a falling year-over-year reading in the January 2024 to January 2025 window.
—> 42 of the nation’s 300 largest housing markets (14%) had a falling year-over-year reading in the February 2024 to February 2025 window.
—> 60 of the nation’s 300 largest housing markets (20%) had a falling year-over-year reading in the March 2024 to March 2025 window.
—> 80 of the nation’s 300 largest housing markets (27%) had a falling year-over-year reading in the April 2024 to April 2025 window.
—> 96 of the nation’s 300 largest housing markets (32%) had a falling year-over-year reading in the May 2024 to May 2025 window.
—> 109 of the nation’s 300 largest housing markets (36%) had a falling year-over-year reading in the June 2024 to June 2025 window.
…
https://www.fastcompany.com/91370980/housing-market-falling-home-prices-increase-to-109-markets-from-31-in-january
How can you make a buck as a real estate investor if prices are falling!?
“Do you live”