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The Word Shortage Is Just Not Talked About Anymore

It’s Friday desk clearing time for this blogger. “Cape Coral homeowner Larry Bray listed his house for sale in April and thought he had a deal. ‘We got a low-ball offer and accepted it because it was still within what we could afford to leave it for, and then it fell through,’ he said. The home is now back on the market. ‘I just want to walk away and say goodbye to Cape Coral,’ Bray said.”

“The housing market in Sarasota and Manatee counties continued its cooling trend in June. Single-family home prices fell sharply in both counties year-over-year, with Manatee County posting the steepest decline. There, the median sale price dropped 15.2 percent, to $440,000, while in Sarasota County, it fell 8.1 percent, to $455,000. ‘Sellers have to adjust,’ says Inbal August, a real estate agent with Douglas Elliman. ‘We’re in a buyer’s market now. There’s a huge amount of inventory to choose from, and people are no longer making random offers. People need to stop comparing everything to the pandemic. That wasn’t normal. A house that was $700,000 may now be $550,000. You can refinance [an interest rate], but not a purchase price, so there are more opportunities.'”

“Real estate pros say the combination of modest inventory increases and sellers’ greater willingness to trim asking prices may make the fall season a little more palatable for prospective home buyers in Massachusetts. Cheryl Eidinger-Taylor, of ERA Key Realty Services in Whitinsville, said she has noticed home prices experiencing ‘notable shifts,’ with inventory and price adjustments increasing due to sellers listing homes at higher prices than the market is willing to support. ‘We are seeing more price changes than we have seen in a long time,’ she said. ‘In MetroWest and Middlesex County, we have seen an actual on-market increase (in inventory) of about 30% and we’ve (also) seen a 30% increase in price changes. This indicates that home sellers are coming on thinking they could push it a little higher and the market is rejecting that.’ Hopkinton: Median single-family home sale price through June 30: $983,000, down 14.4%. Last year’s six-month median sales price was $1,148,750. Milford: Median single-family home sale price through June 30: $525,000, down 6.3%. Last year’s six-month median price was $560,500.”

“The Maryland REALTORS® reported that statewide housing market experienced a modest slowdown in June. Worcester County data revealed a more dramatic decline of a nearly 11% decline in homes sold year over year, and an average sales price decline of 13.1%, from $513,866 in ’24 to $446,328 in ’25. Meanwhile, homes are sitting longer on the market across the country, and price reductions are on the rise. ‘Maryland, along with other markets across the country, is seeing an increase in the number of price reductions. If this continues, it could indicate a shift toward a buyer’s market,’ said Cheryl Abrams Davis, 2025 President of Maryland REALTORS®.”

“More houses are coming on the market, but a lot of them are just sitting there. ‘Business is a little bit different,’ said Tiffany Russell, a realtor in Austin, Texas. For Susan Cioffi in Tampa, Florida, ‘It’s still a little slow compared to the last couple of years,’ And in Bellevue, Washington, Michael Orbino said, ‘There’s no question that deals are harder to pull together.’ Russell said, in the peak COVID times of low interest rates, a rush of people moved to Austin and pushed home prices a little too high. ‘They were putting in offers, you know, $30,000 and $50,000 over ask and essentially over inflating our market,’ said Russell. Some of those buyers are now looking to sell. And they’re finding they just can’t make their money back.”

“The housing markets in Maricopa remain firmly in buyers’ territory, with supply far outpacing demand, according to the Cromford Market Index. Mike Orr, who founded the Cromford Report, created a formula to help the real estate industry know which areas are in demand, and which are flooded with options for buyers. His most recent data shows Maricopa with a score of 50.7, indicating roughly twice as many sellers as buyers. ‘Anything below 90 is a buyers’ market,’ Orr said. ‘If it’s around 50, it means there’s twice as many sellers as buyers. So, if you’re selling, you’ve got a lot of competition. If you’re buying, you’ve got plenty of negotiating power.’ Orr said Maricopa’s score reflects an ongoing surge in homebuilding coupled with relatively weak demand. ”These areas have a lot of new construction,’ Orr said. ‘There’s no shortage of homes to choose from.’ Metro Phoenix markets closer to the urban center, such as Tempe or Paradise Valley, show stronger demand because of limited land for new builds, Orr said. However, even those markets have softened compared to the pandemic-era boom of 2020 to 2022.”

“The town of Truckee wants to increase the number of long-term rental properties available for local workers, offering financial incentives to property owners who offer these leases. David Polivy serves on the town council and worked to get the landlord incentive programs up and running. ‘One of the issues here in Truckee is that we have enough houses. They’re just not all being utilized to their fullest and best use all the time,’ he said. ‘We don’t have a shortage of physical places to live, and so a lot of what we’ve really been working on is how do we unlock our existing housing stock in order to use it more efficiently.'”

“Let’s finally dispense with the idea that housing is a foolproof financial asset. The Canadian real estate free-for-all is over. The market hasn’t collapsed, by any means. But some of the hottest pockets, including Toronto and Vancouver, are struggling. Condo sales have crashed. Nationally, average home prices are about 15 per cent off their peak, according to the Canadian Real Estate Association (CREA) data. The housing hangover should have lots of Canadians questioning their faith in real estate as an infallible asset incapable of depreciating. ‘It seems like every generation has to put their hand on the stove and get burned before they realize that wasn’t such a good idea,’ said Mike Moffatt, an economist and founding director of the Missing Middle Initiative.”

“Starting in the early 2000s, Canadian housing went on a run for the ages, with the average national price of a home rising fivefold. It was an era that converted masses of Canadians to real estate evangelists who poured their savings into the market and began treating their homes as retirement funds. Canadian housing soon took on a global profile as one of the world’s most overpriced markets. But the more the predictions of its demise didn’t come true, the more Canadians were seduced by the fortunes that could be made in real estate. ‘It led people to believe that maybe this is a permanent fixture,’ Mr. Moffatt said.”

“‘When a man is tired of London, he is tired of life,’ the writer Samuel Johnson declared in 1777. However, it seems that many Londoners — swathes of the middle-classes and the super-rich — are giving up on buying property in the capital as they suffer under the weight of Rachel Reeves’s tax changes. Analysts blamed global anxiety about Donald Trump’s tariff war, higher domestic taxes and too many properties on the market for the gloomier predictions. ‘Many of the international buyers who used to drive the ultra-prime market, particularly from the Middle East and parts of Asia, have left London,’ says Becky Fatemi, a partner at Sotheby’s International Realty. The property tycoon Nick Candy, who is the treasurer of Reform UK, says crime is also putting off wealthy buyers and residents. ‘When people don’t feel safe in a city or face confusing and inconsistent tax policy, they stop investing in it,’ he says.”

“Recent housing affordability rankings have been notable for one thing – Auckland hasn’t been in the bottom 10. But in the most recent Demographia research, it came in at 16th. Kelvin Davidson, chief economist at Corelogic, said it was clear the picture had changed for Auckland, ‘The word shortage is just not talked about anymore. There seems to be a bit of an equilibrium going on at the moment. I think Chris Bishop’s comments a couple of days ago, about decoupling this idea that, you know, to have a strong economy, we have to have a strong housing … I think is a great thing. We don’t get richer as a country by buying and selling each other’s houses.'”

This Post Has 115 Comments
  1. Is it true that the Trump administration might soon end the Clinton capital gains break on the sale of a primary residence?

    That would leave a lot of foreign real estate investors in an unhappy place.

    1. That would leave a lot of domestic baby boomer downsizers in an unhappy place too, so, no way in hell. And who in Congress would vote for a tax increase like that?

  2. Would you rather buy a new home, or a more expensively priced older house that is already falling apart (such as the one we rent for a pirate’s ransom)?

    1. Economic Report
      Newly built homes are cheaper than previously owned homes as builders ramp up price cuts
      The median sales price of a new home was $33,500 less than that of an existing home
      By Aarthi Swaminathan
      Last Updated: July 24, 2025 at 11:36 a.m. ET
      First Published: July 24, 2025 at 10:34 a.m. ET
      Construction workers building a house.
      The median sales price of a newly built home was down 4.9% to $401,800 in June.
      Photo: Justin Sullivan/Getty Images

      As home builders aggressively slash prices to boost sales, prices of newly built homes are coming down.

      The median sales price of a new home in June was $401,800, which was about 5% lower than in May.

      https://www.marketwatch.com/story/newly-built-homes-are-cheaper-than-previously-owned-homes-as-builders-ramp-up-price-cuts-0afbe07e

    2. Older house, at least you know whats not good

      And any foundation problems either already got fixed or don’t exist with new house, who knows,,?

        1. We have a nice size eucalyptus tree out back that could topple onto the house the next time we have one of those rare rain storms with high winds.

    3. It’s not just price. It’s location location location. What you gain in square footage and price, you lose in commute.

  3. ‘We got a low-ball offer and accepted it because it was still within what we could afford to leave it for, and then it fell through,’ he said.

    Lowball offers “falling through” (whatever that means). CLICK!

  4. “When a man is tired of London, he is tired of life.”

    Wait, that sounds familiar. Wasn’t there a Simpsons quote: “When a man is tired of Weird Al, he is tired of life.”

    [Chatty says Yes! I had no idea how sophisticated those Simpsons writers were in 2003.]

    1. “When a man is tired of London, he is tired of life.”

      Londonistan should not be confused with the London of the 1960s and ’70s, before the UK government opened the floodgates to unrestricted 3rd World immigration and “asylum seekers.”

  5. ‘Maryland, along with other markets across the country, is seeing an increase in the number of price reductions. If this continues, it could indicate a shift toward a buyer’s market’

    Cheryl is a UHS in Ocean City.

    1. After three years of service, a Federal government worker receives 20 days of vacation per year. If they don’t take all 20 days, they can store it up for the future. They can only store 30 extra days. After that, those 20 days become “use or lose.”

      If you have 20 days of use or lose vacation, you spend a LOT of time at the beaches or in the mountains, keeping a lot of investors and second home owners afloat.

      Also (per Chatty), as of mid-July, if you add up ALLL of the retirements, RIFs, buyouts, and probationary firings, the federal government:

      1. Has shed 260,000 federal jobs by early July.
      2. Expects to cut another 120,000 jobs.
      3. With a goal of 700,000 total to be eliminated.

      For reference, Clinton/Gore eliminated 380,000 positions over 8 years. That’s going to take a bite out of Ocean City.

      1. 260k x 20 days ‘use or lose’ is over a million weeks of paid vacation, add in the family members and that is a lot of people no longer on high dollar vacations. Sad!

        1. 260k x 20 days ‘use or lose’ is over a million weeks of paid vacation,
          Gotta believe AirBNB is gonna get hit by that pretty hard.

  6. ‘I just want to walk away and say goodbye to Cape Coral,’ Bray said.”

    Then get to sawin’ and slashin’ like you mean it.

    1. Larry said the lowball was still more than he paid so he could get out from under the shanty. Now he’s fooked.

      1. Gosh, I fear that we could very well be facing a scenario where FBs who bought at the peak of Housing Bubble 2.0 can’t bring enough cash to closing to seal the deal. This is my “gravely concerned” face.

      2. “More than he paid” is different from “more than he OWES.” I could sell my house for half of what I paid and still make a profit.

  7. Single-family home prices fell sharply in both counties year-over-year, with Manatee County posting the steepest decline. There, the median sale price dropped 15.2 percent, to $440,000, while in Sarasota County, it fell 8.1 percent, to $455,000.

    Oof. Compounding the hit to FBs’ generational wealth, the $USD has dropped by 10.8% in the last six months, so the real financial hit is even more of a gut-punch. Suzanne’s research never projected this outcome.

    1. Hopkinton: Median single-family home sale price through June 30: $983,000, down 14.4%. Last year’s six-month median sales price was $1,148,750. Milford: Median single-family home sale price through June 30: $525,000, down 6.3%
      The Florida reductions were “old news” but large declines (14.4%?) in Mass really surprised me.

  8. ‘His most recent data shows Maricopa with a score of 50.7, indicating roughly twice as many sellers as buyers. ‘Anything below 90 is a buyers’ market,’ Orr said. ‘If it’s around 50, it means there’s twice as many sellers as buyers. So, if you’re selling, you’ve got a lot of competition. If you’re buying, you’ve got plenty of negotiating power.’ Orr said Maricopa’s score reflects an ongoing surge in homebuilding coupled with relatively weak demand. ”These areas have a lot of new construction,’ Orr said. ‘There’s no shortage of homes to choose from’

    Here’s a list of sh$tholes ranked by the index:

    Paradise Valley – 136.9 (↑ 25%, was 109.2)
    Fountain Hills – 111.5 (↓ 7%, was 120.1)
    Chandler – 108.4 (↓ 4%, was 113.5)
    Avondale – 102.2 (↓ 10%, was 113.3)
    Glendale – 100.5 (0%, was 100.7)
    Phoenix – 95.2 (↓ 5%, was 99.8)
    Mesa – 92.6 (↓ 1%, was 93.9)
    Scottsdale – 92.6 (↓ 1%, was 93.6)
    Cave Creek – 91.4 (↑ 2%, was 89.4)
    Gilbert – 90.0 (↓ 5%, was 94.4)
    Tempe – 86.9 (↓ 5%, was 91.3)
    Goodyear – 75.4 (0%, was 75.7)
    Peoria – 73.6 (↓ 4%, was 76.6)
    Surprise – 62.7 (↓ 3%, was 64.7)
    Queen Creek – 60.1 (↓ 3%, was 61.8)
    Maricopa – 52.7 (↓ 2%, was 53.6)
    Buckeye – 49.3 (↓ 7%, was 53.2)

    Yer index isn’t working Mike cuz almost all of these sh$tholes are sinking like a turd in a well.

  9. Cheryl Eidinger-Taylor, of ERA Key Realty Services in Whitinsville, said she has noticed home prices experiencing ‘notable shifts,’ with inventory and price adjustments increasing due to sellers listing homes at higher prices than the market is willing to support.

    Three things:

    1. Pick a last name, Cheryl.

    2. “Shifts” and “adjustments” are exclusively downward, so let’s just call them “price reductions,” shall we?

    3. Delusional greedhead sellers are listing shacks for “higher than the market will support” because conniving realtors accept such listings with he intent to demand price reductions once they’ve got the listing. If they refused outright to deal with greedhead wish pricing, they’d save everyone time & aggravation.

  10. It was an era that converted masses of Canadians to real estate evangelists who poured their savings into the market and began treating their homes as retirement funds.

    Watching these greedy lemmings get schlonged bigly is going to be comedy gold.

  11. BREAKING: The US M2 money supply surged +4.5% YoY in June to a record $22.02 trillion.

    This marks the 20th consecutive monthly increase and the largest increase since July 2022.

    The surge brings M2 closer to the 2000–2025 average annual growth rate of 6.3%.

    Additionally, inflation-adjusted M2 rose +1.8% YoY last month.

    For perspective, US M2 Money Supply was ~$8.46 trillion, or 62% lower, at the end of the 2008 Financial Crisis.

    The US Dollar’s purchasing power is in a perpetual bear market.

    https://x.com/KobeissiLetter/status/1948466464027279628

    1. The NAR is complaining that Google Street View is catching realtors in the act of lying to marks, er, clients.

      1. Not sure exactly what you mean. Do you have any examples?

        My example would be looking at earlier dates of street views to show what a run-down hovel a place was before they painted it in Millenial Gray. Or to look at Zillow to show that a shack sold for $80K and how they want $280 for six months of lipstick.

  12. Advocacy group warns of grim future for Delaware Water Gap National Recreation Area

    An advocacy group warned that current and pending cuts in National Park Service staff and funding will harm visitors’ experiences, degrade facilities and risk public safety at the Delaware Water Gap National Recreation Area.

    The group, the National Parks Conservation Association, last week hosted a webinar, “Building Advocacy for the Delaware River,” that explored how cuts under the Trump administration could ripple through the recreation area, which straddles Pennsylvania and New Jersey and drew more than 4 million visitors last year.

    Renee Reber, Mid-Atlantic Climate and Clean Water program manager for the association, said the DWGNRA has slowly seen an erosion of its staffing by 20 percent over the last 15 years. She described the recreation area as “challenged, underfunded and understaffed.”

    In the past six months alone, the area’s staffing dropped to 70 employees from 107. She described the staff as “pretty strapped to begin with.”

    Association officials credited Park Service staffers with being dedicated public servants and for trying to make the best of a challenging situation. Still, the cloud of job insecurity looms large among them. “They’re coming to their dream job every day and they don’t know if they will have a job tomorrow or next week,” Reber said.

    Another round of layoffs, a so-called reduction in force, could happen at any point, Reber said. “The park is already stretched to the max,” she said. “We don’t know yet what is yet to come.”

    https://delawarecurrents.org/2025/07/24/national-parks-budget-cuts/

    1. The park is already stretched to the max,” she said.

      This was my playground as a Boy Scout in the ’60s. I wonder how many “staff” were there back then. I’ll bet not many. We rarely saw anyone. The place didn’t have an office, just a hill and a trail. No moving parts.

      1. I can’t imagine how people lived without ever present electronic screens back then.

        “The horror, the horror” — Colonel Kurtz

  13. Maryland hit hard as yet another federal agency shifts workforce out of DC

    MONTGOMERY COUNTY, Md. — The USDA is moving more than half of its D.C. employees to other parts of the country, according to a new reorganization plan announced Thursday. Thousands of federal workers for the US Department of Agriculture will be sent to five regional hubs.

    The USDA said the reorganization is meant to put employees closer to the neighborhoods they serve. D.C. workers will be moved to hubs in Raleigh, Kansas City, Indianapolis, Salt Lake City and Fort Collins, Colorado.

    Currently the USDA said it has around 4,600 employees in the D.C. area, but the new plan would reduce that to no more than 2,000.

    “Having to relocate from here, let’s say you’re in the District of Columbia, all the way out to Kansas City somewhere is strenuous,” said Ottis Johnson Jr., with the American Federation of Government Employee, who added that forced relocation is an easy way to let go of even more federal workers who don’t want to move.

    https://www.wusa9.com/article/news/politics/federal-fallout/massive-usda-staff-shift-over-2000-dc-workers-to-relocate-nationwide-montgomery-county/65-53291674-b27d-49be-a1c8-a2563266046e

      1. I’m all for dispersing some of the swamp creatures out of Panem on the Potomac. Plunking them down in flyover country, away from the D.C./NoVA bubble, will not only benefit local communities, but might give some of these Comrades of Proven Worth a better idea of what’s happening in the heartland.

    1. They’re also doing it to save on locality pay. If you live in DC, you get paid up to 30% more than if you live in flyover. It’s even worse for NY and SF.

      1. Then why not move every job that doesn’t have to be in DC or high cost areas to cheaper locals? They’ve already demonstrated they don’t want to ‘go to the office.’ There’s no reason to have guberment jobs clustered around where congress is. Or state capitals for that matter.

    2. “…forced relocation is an easy way to let go of even more federal workers who don’t want to move.”

      An engineer at CalTrans who I know was working in Sacramento, CA, and then, out of nowhere, they decided to move his office staff to Colton, CA out by San Bernadino. A little more than a year later they moved them back to Sacramento. FWIW, families living near Sacramento like Davis, CA with kids in good schools are not moving to Colton, which is a light industrial, Section 8, schitt-hole.

  14. LA County braces for potentially massive financial blow as Trump tries to crack down on homelessness

    L.A. County is bracing for a potentially devastating shortfall in funding for homelessness services in the years ahead as the federal government signals cuts, officials said Thursday.

    The county’s financial concerns come amid a perfect storm of local, state and federal funding reductions, said Sarah Mahin, director of the county’s new homelessness department.

    Her warning came on the same day President Donald Trump signed an executive order seeking to overhaul the way the U.S. manages homelessness, prompting more local concerns.

    “The federal government is on an all-out assault on funding and services for our most vulnerable,” Mahin said at a meeting with county homelessness officials. “Our housing authorities no longer have vouchers to issue. Medi-CAL is being cut. Food assistance is being cut.  The people we serve are more at risk than ever before and resources are disappearing.”

    Amy Perkins, homelessness advisor to L.A. County Supervisor Lindsey Horvath, said representatives with the Department of Housing and Urban Development recently indicated they might pull more homeless funding from L.A.

    “I think it’s important to state that we met with HUD this week, with a Trump appointee who made very clear that he would recommend there would be no funding coming to our city,” Perkins said at Thursday’s meeting.

    The loss would be immense. In February, the L.A. Homeless Services Agency reported HUD had awarded more than $200 million in renewal and additional funds to help combat homelessness in the county. The agency said it was a $31 million increase over the previous fiscal year.

    L.A. County homelessness officials say some federal funding sources are set to dry up soon, including from the American Rescue Plan Act. Several state grants will also be reduced.

    Trump’s order on Thursday came nearly a year to the day that California Gov. Gavin Newsom issued an order encouraging cities in the state to dismantle homeless encampments.

    https://laist.com/news/housing-homelessness/trump-adminstration-homelessness-order-la-county-programs

    1. We all know CA has spent billions on homeless with no idea where it went. We also know the city of LA raised the sales tax to spend even more on it. The handwringing is laughable.

      1. The orange man is putting the screws to California. No more bushels of money for bums and illegals. Free rent is getting cut. Yer electric train to nowhere isn’t getting funded. And even more ‘aid’ is being threatened if they don’t comply with x, y and z. IMO a big hole is forming in that sh$thole states economy.

        1. IMO a big hole is forming in that sh$thole states economy.
          The last forecast I saw for CA’s budget shortfall was between $12B – $20B. (Big range I know) Gonna be interesting to see what they cut. I’d think not funding any illegals would be the obvious first choice and helping send them home a close 2nd choice, but what do I know.

      2. I do want to be fair here. California’s homeless population is increasing, but maybe that’s because so many homeless arrive from other states. Other states give them a “ticket out of town” so to speak, but that doesn’t mean they disappear. They all wind up in Cali or Portland because they are the only places that don’t kick them out.

        1. because they are the only places that don’t kick them out.
          I have homeless South of me about 1 mile, North of me about 2 miles and on the other side of the creek that runs by my apartment. It’s crazy to see people pushing 2-3 shopping carts up the road. He$$, one guy has a minibike he pulls he shopping carts around with.

    2. Our housing authorities no longer have vouchers to issue.

      My tax dollars do not want to put the homeless up in prime downtown real estate because it’s close to “services.” If there are going to be vouchers, it needs to be in the outer burbs where space is a lot cheaper. Tons of Grade B small office space.

      And 47 knows that he can put the screws to California. It’s not like they’re ever going to vote for him.

  15. HUD voucher recipients in Florida fear losing housing assistance

    ORLANDO, Fla. — Central Florida families, who depend on housing assistance from the U.S. Department of Housing and Urban Development, known as HUD, could be at risk of losing the help they depend on.

    HUD notified local housing authorities across the nation that funding is running out for their Emergency Housing Voucher program, yet some recipients of other vouchers, such as the Stability Voucher, are reporting that they too are not being supported, and they’re concerned about what is next.

    Osceola County resident Monique Burks opened her fridge, grabbed a protein shake, and said, “there’s not many options to choose from, but again, we do what we can.”

    She’s supporting five of her children and a grandchild, though she’s not sure how much longer she has to live in her current rented home.

    Burks said her life was turned upside down during the pandemic when she lost her job as a manager, and buying a home or simply affording rent became nearly impossible.

    “This is reality. You know, trying to start over and buy a home again at my age is just it’s almost impossible,” Burks said.

    “Orlando Housing Authority sent me the notification that all program funding for me and my family had to be immediately stopped,” Burks said, citing an email from an OHA employee, stating that “HUD sent a public notice to all housing authorities to stop the stability and EHV program.”

    The Stability Voucher was supposed to pay a percentage of her adjusted income in rent. HUD has notified local housing authorities that the funding for the EHV program has been exhausted.

    “Basically, we’re going to be right back where we originally started in 2022. We’re going to be homeless without a home,” Burks said.

    “People probably shouldn’t be so quick to judge. There are families out here that really need assistance. They’re working very hard. Some of them are just they have a lot of financial burdens against them. It’s not that they’re being lazy or anything like that. It’s just that the income that we’re making, we’re doing the best we can,” Burks said.

    https://mynews13.com/fl/orlando/news/2025/07/24/hud-voucher-programs-being–pulled-back–

  16. Even with demand strong for top-shelf office space, construction still on hold

    Despite positive absorption and dipping vacancy rates, there’s still an eerie quiet among office developers in the Salt Lake City region.

    Not so long ago, three developers Downtown had luxury office towers in their site plans. Two of those projects are dead, while the other is parked on the drawing board waiting for a change in market conditions.

    Indeed, “There’s not a single crane along I-15,” a local market leader for a global real estate firm reminded us last week.

    Denver-based McWhinney’s former Red Lion Hotel properties at 101 W. 600 South are still listed for sale, as we first reported in spring 2024. The north tower at the property, a former 204-room hotel, sits vacant, while the south building, named Lattice after being converted into 184 studio apartments, is lease stabilized.

    McWhinney’s original site plan for the west end of the property, currently a large surface parking lot, included an office building targeting the life sciences industry.

    That plan, including McWhinney’s participation in the Salt Lake market, looks to be past tense. The properties are now pushing 18 months on the market.

    A quirky roof line and a strategic location between courthouses weren’t enough to save the Sundial Tower project at the Courthouse TRAX station at 477 S. Main.

    David Nixon of JLL Salt Lake City told us last week that “we’ve scrapped that project.” JLL was to be a development partner of the Sundial with Hines, whose commitment to a residential tower at the former Utah Theater site at 150 S Main remains under question.

    We asked Nixon to explain the barriers to moving ahead to meet what looks like sustained demand for top-quality office product.

    “You can’t get financing,” Nixon said. “Office is hard to pencil.” As mentioned by Ryan Ritchie, capital costs are killing office development initiatives. “ Right now,” Nixon told us, “You would have to be getting $70/sf to make it work.

    https://buildingsaltlake.com/even-with-demand-strong-for-top-shelf-office-space-construction-still-on-hold/

    1. Denver-based McWhinney’s former Red Lion Hotel properties at 101 W. 600 South are still listed for sale

      Last I checked McWhinney’s was based in Loveland and not Dumver,

  17. Why your insurance may have a hidden clause that keeps you from coverage

    WEST PALM BEACH, Fla. — In our previous investigation, WPTV introduced viewers to “4 You Cycling,” a West Palm Beach fitness studio that flooded after a construction accident. The owner filed a claim but was denied, because of a policy exclusion that could be hiding in your own insurance coverage.

    “I cried. I put a lot of time and sweat and tears and life savings into this place, and to see it like this, it sucks…It’s really hard,” owner Justin Pomasl told WPTV.

    Cell phone footage shows water pouring into his studio on May 1, soaking bikes, frying electronics, and drenching Pomasl’s dream. He now faces $360,000 in damage

    “Chaos,” said Pomasl, standing in the wreckage.

    He thought insurance would save him, but insurance denied his claim.

    The denial letter from the company confirms a contractor working on the unit above Pomasl’s studio struck a sprinkler line, causing the leak — but his insurance company said “sprinkler leakage” is not covered.

    “I don’t know what my first thought was. I was just sad. To know everything I put into it… gone,” said Pomasl.

    Insurance attorney Aaron Bass says it’s not surprising.

    “Consumers have very little power to negotiate. And that’s a problem,” said Bass. “There’s a ton of these things that people do not know about.”

    Bass says most Floridians carry an “all-risk” policy, which, in theory, should cover your building for any damages. Yet in reality, that’s not the case.

    “As a consumer, you have little choice about what’s in there,” said Bass. “How these policies are written, they’re very legalistic, so sometimes it’s really, really difficult for people to figure it out.”

    “We’ve talked about this coverage crisis, about rising premiums, that’s half the story. The other part of the story is the premiums are going up for less coverage, for more exclusions,” said Bass.

    State data from the Florida Office of Insurance Regulation backs that up. Of the 111,150 Hurricane Milton claims that were closed without payment, about a third were denied due to lack of coverage. That includes 5,000 claims with no flood insurance — and more than 27,000 denied for other exclusions.

    “It’s a rock and a hard place, and homeowners and property owners and business owners are getting caught in the middle of that rock,” said Bass.

    “Let’s say you find an exclusion in your policy you’re not comfortable with. What options do you have?” asked Investigative Reporter Kate Hussey.

    “Not a lot, and that’s the problem,” replied Bass. “What consumers can do is they could call their state representatives, and they can call their state senators, and they can complain about this.”

    https://www.wptv.com/wptv-investigates/its-a-mess-why-your-insurance-may-have-a-hidden-clause-that-keeps-you-from-coverage

    Insurance doesn’t work if they have to pay out Justin.

  18. Newark apartment complex bought for much less than prior value

    A Newark apartment complex was bought at a price that’s well below its prior value, a possible indicator of a fading commercial and residential property market in the Bay Area.

    The apartment hub, known as Dyln and located at 35750 Bettencourt St., was bought for $20.5 million, according to documents filed on July 16 with the Alameda County Recorder’s Office.

    The purchase price is 41.6% below the most recently estimated value of $35.1 million, as reported by the Alameda County Assessor’s Office.

    The multifamily residential property totals 83 units, according to Apartments.com. It was built in 1966 and consists primarily of a series of three-story buildings.

    One of the most high-profile apartment foreclosures occurred in downtown San Jose in June, a deal that produced a new owner for a double-tower residential complex at 188 West St. James St.

    https://www.siliconvalley.com/2025/07/23/east-bay-home-property-economy-build-newark-real-estate-apartment/

  19. Trump wants higher tariffs, and he’s getting them. Canada is in the bullseye

    Not all that bad, under the circumstances.

    On Wednesday, after the United States and Japan agreed that the U.S. would impose an across-the-board 15-per-cent tariff on Japanese imports, and with European Union negotiators reportedly offering Washington a similar arrangement, what did stock markets around the world do? They threw a party.

    America’s trade walls are being raised to levels not seen since the Great Depression, and in response, equity indexes from Tokyo to Paris and Frankfurt to New York celebrated.

    Why? Because it could have been worse. Because U.S. President Donald Trump has conditioned us to expect worse. Because having been conditioned to expect worse, the news was not all that bad, under the circumstances.

    A year ago, the suggestion of a blanket 15-per-cent U.S. tariff would have been greeted as an economic calamity. But ever since Mr. Trump’s re-election, he’s been turning up the temperature to a level that, if I may use Trump-speak, is like nothing we’ve seen in a very long time, maybe ever.

    If someone walked up to you on the street and punched you in the face, you’d scream. But if that someone had been menacing you with a loaded gun, and you got away having suffered nothing more than, say, a concussion and a bit of recreational pickpocketing, you’d breathe a sigh of relief.

    That’s Mr. Trump’s art of the deal. It’s how he’s advancing his tariff ball down the field, and at a remarkably rapid pace.

    According to the Budget Lab at Yale, the effective U.S. tariff rate on imports from the rest of the world is now more than 19 per cent – the highest level since 1933. At the start of the year, it was just 2.4 per cent.

    Which country is most challenged by this? Canada.

    It shows how abruptly Mr. Trump has done away with the old norms. Through decades of trade negotiations, compasses pointed toward the true north of clearer rules, more stable arrangements and ever-freer trade. This is not that. This is the opposite of that.

    However, even if Ottawa can persuade Washington to agree to a tariff wall whose height and breadth are limited − you know, not all that bad, under the circumstances − that will likely mean somewhat higher and wider tariffs than were in place at the start of the year, and for decades before.

    That’s a problem, because many of our industries are structured on the assumption of a seamless border. They will have to be restructured in light of new realities.

    This is what Mr. Carney was talking about during the election campaign, when he said that the old relationship with the U.S. − based on ever-lower barriers, steadily growing trade and increasing integration − is over.

    That’s not the PM’s idea. It’s Mr. Trump’s.

    https://www.theglobeandmail.com/business/commentary/article-donald-trump-us-canada-tariffs-border/

  20. Student loan forgiveness may soon be taxed again — here’s how much borrowers could owe (7/25/2025):

    “The American Rescue Plan Act of 2021 made student loan forgiveness tax-free at the federal level through the end of 2025. Trump’s “big beautiful bill,” while making other specific kinds of student loan relief tax-free, did not extend or make permanent that broader provision.

    In theory, lawmakers could move to protect the relief from taxes before the end of the year, but borrowers shouldn’t count on it, experts say.

    Consumer advocates have long criticized the practice of taxing borrowers on their student loan forgiveness. They say that borrowers who enroll in IDR plans tend to struggle to keep up with their bills, and that the government’s policy often wipes away one’s student debt just to saddle them with a tax debt.

    “Forcing borrowers to remain drowning in debt is cruel,” said Persis Yu, deputy executive director and managing counsel at the Student Borrower Protection Center.”

    https://www.cnbc.com/2025/07/25/student-loan-forgiveness-tax-trump-big-beautiful-bill.html

    Forcing taxpayers to eat the cost of your useless masters degree in Obama Studies is cruel. Pay up, deadbeats.

  21. Many deportees face major challenges acclimating to new lives after leaving U.S.

    Tijuana, Mexico — Just three miles across the U.S.-Mexico border from San Diego, deportees in Tijuana are starting a new life. Among them is Juan Carlos, an immigrant from Mexico who had lived in the U.S. for 19 years. On June 24, his construction crew stopped at a Home Depot in the City of Industry, California — near Los Angeles — to pick up supplies when he was cornered by federal immigration agents.

    “As soon as I saw them, I tried to run,” said Juan Carlos, who lived in the U.S. for 19 years. and whose arrest was captured on cell phone video.

    He says he spent two weeks in U.S. Immigration and Customs Enforcement detention before agreeing to sign deportation paperwork.

    “Los Angeles gave me many things,” Juan Carlos told CBS News. “It gave me opportunities. It gave me another kind of life…I felt like I was home. But everything happens for a reason.”

    One of those who chose to self-deport is Uliser, an immigrant from Cuba. At the age of 15, he fatally shot someone and spent the next 19 years in a U.S. prison before being released in 2024. He was issued a deportation order shortly after, and had been attending immigration check-ins regularly. But as immigration enforcement ramped up in the U.S., he worried he might be detained. And since Cuba is not accepting deportees, there was a risk he’d be sent elsewhere.

    “It was a high risk of me, of the United States sending me to Salvador or South Sudan,” he says, ” it was an easy choice… letting them send me to a country where I had, no, I didn’t have the choice to go to or just deciding, coming over here to Mexico where I’m gonna have better opportunities in life.”

    Of the estimated 100,000 people who were deported between Jan. 1 and June 24 by Immigration and Customs Enforcement, 70,583 were convicted criminals, according to an ICE document obtained by CBS News earlier this month. However, the data also shows that most of the documented infractions were traffic or immigration offenses. Less than 1% had murder convictions, the documents showed.

    Uliser says he feels remorse when stories like to admonish immigrants.

    “When I was in prison, I did a lot of reflection,” Uliser told CBS News. “They use that excuse just to target the folks that are actually working and trying to have a better life.”

    https://www.cbsnews.com/news/deportees-face-major-challenges-acclimating-to-new-lives-after-leaving-u-s/

    You’ll get used to the outhouse Uliser and Juan.

    1. He was issued a deportation order shortly after, and had been attending immigration check-ins regularly.

      This is the part I don’t get. He had a deportation order and the courts just threw him back into the lake as if he was an undersized fish?

      He had a deportation order, so why wasn’t he deported? I mean other than FJB instructing ICE to not apprehend him.

      1. Geeze, they weren’t enforcing anything! Remember that Kilmar had three different deportation orders, and he was allowed to hang out at the IKEA in College Park.

    1. no i don’t have my license/paperwork.
      i dindu nothing
      what did i do?
      why are you arresting me?
      i can’t breathe (repeated 10,000 times)
      bro
      what did I do?
      bro?
      I didn’t do nothing

    2. Everybody’s a victim.

      Except for American taxpayers, who are supposed to provide tons of free sh!t to the invaders. And Americans who are assaulted and murdered by the rapefugees.

      Sorry, thug huggers, there’s a new sheriff in town, and he won’t put up with your nonsense.

  22. 15 people detained by ICE on Harrison Street, Princeton officials say

    Immigration Customs and Enforcement (ICE) officers detained 15 people on their way to work in Princeton around 6:45 a.m. Thursday morning in one of the first reported immigration enforcement actions in the municipality since the beginning of the Trump administration.

    According to Princeton Mayor Mark Freda, immigration officials had initially only been in pursuit of a single person. Ana Paola Pazmiño, executive director of local immigration advocacy group Resistencia en Acción NJ, said that authorities had detained everyone inside a van on their way to doing landscaping work.

    “We got notice this morning, around 11 a.m., that a van that was going into landscaping work was stopped and was detained, and everybody inside was detained,” Pazmiño explained in an interview with The Daily Princetonian. “Up to now, we know of four families who are coming in for intakes and are coming in to give us more information about their loved ones.”

    The arrests follow an incident yesterday morning, when eight ICE agents approached three people near the intersection of John Street and Leigh Avenue. According to a press release from Resistencia en Acción NJ, two of the individuals escaped, while the third was detained.

    Pazmiño shared that many of the people held working permits or had family members who are U.S. citizens.

    “We know that one or two of them were holders of working permits or residents. We’re not sure how that’s panning out,” she said. “We have some people who are married to U.S. citizens, who have U.S. citizen children. So we’re looking into that a little bit more as well.”

    “Our community is on red alert. Each worker kidnapped is a family devastated, both emotionally and financially,” Resistencia’s press release from Thursday read. “Our Rapid Response team is redoubling its efforts to keep monitoring ICE activity in the area. We urge our Mercer County communities to call us at (640) 466-2386 to report ICE activity.”

    https://www.dailyprincetonian.com/article/2025/07/princeton-news-town-ice-immigration-customs-enforcement-detained-arrested

    1. or had family members who are U.S. citizens

      Irrelevant. Sure, your relative can sponsor you, but until you get a visa you are still illegally present.

  23. Clinic Staff Face Federal Charges For Allegedly Interfering With ICE Arrest

    Two staff members from the Ontario Advanced Surgery Center in California are facing federal charges after allegedly interfering with an Immigration and Customs Enforcement (ICE) arrest. The incident occurred on Tuesday (July 8) when Denis Guillen-Solis, a Honduran national, fled into the clinic to evade law enforcement during a targeted ICE operation.

    The U.S. Attorney for the Central District of California, Bill Essayli, stated that the clinic staff attempted to block ICE agents from apprehending Guillen-Solis by allegedly assaulting the officers. The criminal complaint accuses Jose De Jesus Ortega and Danielle Nadine Davila of “forcibly assaulting, impeding, and interfering with a federal officer.” Ortega has been arrested, while Davila remains at large.

    The Department of Homeland Security reported that the clinic staff locked doors, blocked law enforcement vehicles, and called the police, claiming a “kidnapping” was in progress. Javier Hernandez, executive director of the Inland Coalition for Immigrant Justice, confirmed that Guillen-Solis was eventually arrested.

    California Assemblymember Michelle Rodriguez criticized the ICE operation, describing it as “devastating” for the community. She emphasized the need for accountability and integrity in law enforcement actions.

    https://knrs.iheart.com/content/2025-07-25-clinic-staff-face-federal-charges-for-allegedly-interfering-with-ice-arrest/

    1. claiming a “kidnapping” was in progress

      This line is gaining in popularity. The correct term is being nabbed.

      1. Interesting that clinic staff attempted to interfere with law enforcement. I suspect that most of their clientele are illegals and they fear losing them and their medic-cal benefits.

        So now they are being charged. FAFO in action.

        1. When this happened to press called them heroes, blah blah. Well heroes, enjoy the legal fees and such to save that ‘landscaper’.

          1. enjoy the legal fees
            And criminal record. If charged with a felony, it can adversely affect your future. Even a misdemeanor can be a huge red flag if you want to immigrate. Other countries don’t want “problems.”

        2. while Davila remains at large

          Clientele? I think those employees might be illegal too. Some came here young enough to know English.

  24. New Bedford Market Basket suspends 47 immigrants after I-9 audit

    Market Basket suspended dozens of workers from its store on Sawyer Street this week – a direct result of recent “operations” by U.S. Immigration and Customs Enforcement.

    According to the Centro Comunitario de Trabajadores, 47 workers at the New Bedford Market Basket were let go this week shortly after being asked to give Social Security cards they originally used to get their jobs. A spokesperson for Market Basket confirmed that it was the result of an ICE action.

    “ICE conducted operations recently in New Bedford at Market Basket and took enforcement actions against some employees,” the spokesperson said in an email. “This happens from time to time in the regular course of business.”

    On Friday, after publication, the spokesperson issued an updated statement:

    “The employees were suspended as a result of a Homeland Security investigation dating back to 2023. The employees have an opportunity to be reinstated pending updating their working papers.”

    Thursday’s action comes after Todd Lyons, acting director of ICE, told CBS News that the agency would begin targeting employers of undocumented immigrants as part of President Donald Trump’s mass deportation campaign.

    Adrian Ventura, the executive director of CCT, said this is a moment he was worried would come.

    “This is sincerely my biggest fear,” he said in Spanish. “It’s also my fear when it comes to the fishing industry. “They’re going to use documents as weapons,” he continued. “I call this a document raid.”

    Elizabeth said her alarm bells first went off about a month ago, when management at the store asked employees for the Social Security cards they used to apply for their jobs.

    “I’ve worked there for two and a half years,” said Elizabeth, a Guatemalan woman who asked to use a pseudonym due to fears around her immigration status. “They never asked for that before.”

    The action — formally called an I-9 inspection though often referred to as an audit — was likely triggered by a Notice of Inspection to the employer to review the I-9 forms of their employees. All employees are required to fill out and show proof of permission to work in the U.S., be it with a passport or combination Social Security card and driver’s license. By law, the employer is required to have available the I-9 forms of all current employees and maintain those of all former employees for three years.

    According to guidance from ICE, if the audit finds that an employee is not currently authorized to work in the U.S., the employer can no longer provide them work. But, according to Jennifer Velarde, a New Bedford-based immigration attorney, this is not something employers generally do of their own volition.

    “Usually a company is concerned they might have to pay penalties and they might have an attorney at a law firm working to help them extend the audit,” said Velarde.

    Elizabeth said there were rumors of ICE agents walking around the store in recent weeks, a credible fear in a city where at least 42 immigrants have been detained by the agency as part of a national mass deportation campaign. The most recent arrest occurred on Monday. None of the suspended workers have yet been reported as detained.

    Elizabeth said she realized what was happening after work Monday when she saw a friend leaving in tears.

    “A colleague told me they were firing people,” she said. “They called them into a meeting in the morning and said they were suspended.”

    In that first group of seven to eight workers was a 22-year old woman from Guatemala, who said the move was unexpected.

    “It was sad for me,” said the woman, who requested anonymity due to her immigration status. She said she is married with an infant child at home. “They didn’t give us any warning and took me by surprise.

    “I asked if they were going to help us find work and they said ‘no,’” she continued. “Where am I going to find work? No one is hiring now.”

    Ventura said CCT is looking into whether the move qualifies as a violation of the Warn Act, a law in Massachusetts that requires employers who let go of 50 or more workers at a time or employ 500 or more employees at a site give them ample notice and help with finding new work.

    So when Elizabeth, who is 40 with two daughters, aged 14 and 8, received a call at 8 a.m. on Tuesday, her first day off after six days of full-time work at $15 an hour, asking her to come in, she knew what was coming. That didn’t soften the impact though.

    “[A Social Security card] is not just something you can go buy,” said Elizabeth, who added that she is currently in the process of seeking work authorization. “[The company] knew the whole time about our status.”

    “I felt it was unjust,” Elizabeth said. “Management didn’t seem to even think of us as people. They treated us like we were disposable. Like we were garbage.”

    Ventura said that what most disturbed him was the secrecy.

    “They called them in and spoke so beautifully, saying they could come back once they had Social Security cards,” he said. “But that’s not true. They got rid of them forever.”

    Velarde said she believes that current immigration policy has a lot to do with the Market Basket suspensions.

    “This is a Catch-22 for a lot of the people working here,” she said. “But it could be triggered, especially in this environment, on a large scale.”

    She added that recent appropriations to ICE means there will be more prisons and more beds to detain immigrants, leaving large swaths of the population vulnerable, especially those who work in industries such as hospitality, leisure, restaurants, supermarkets, and fishing.

    “Where are they going to get the people [to fill the prisons]? At workplaces like Market Basket and the fish houses,” she said. “It makes me sad because they are people that have to feed their families and now they have no work and they feel trapped.”

    One of those who is not discouraged though is Elizabeth. She said that despite the hard times, she intends to grind through the difficulty. She has two natural-born U.S. citizen daughters who need her.

    “I’m going to look for a new job and I’m determined to stay,” she said. “Maybe I won’t have a better life, but perhaps my daughters will.”

    https://newbedfordlight.org/new-bedford-market-basket-suspends-47-immigrants-after-i-9-audit/

    1. I don’t know what the rules are like now, but I recall having to show my Social Security card when I started my current job.

    2. “I’ve worked there for two and a half years,” said Elizabeth, a Guatemalan woman who asked to use a pseudonym due to fears around her immigration status. “They never asked for that before.”

      Well, they should have asked for them. Most likely her employer faked her I-9, and is now worried that there might be consequences to submitting fudged forms.

  25. Fear of ICE raids creates chilling effect at South Florida construction sites

    On a muggy Thursday morning in mid-June, Jorge stood near the parking lot entrance to a Home Depot in Hialeah. The 47-year-old Cuban day laborer scanned arriving pick-up trucks for any glimmer of job opportunities, which have become scarcer each passing week. Nearby, Yosvany, another Cuban day laborer in his late-20s fiddled with his phone as he sat on the curb, resigned to the slog of another slow day. A half-dozen more men milled around, as well.

    “When [Joe] Biden was president, contractors were here all day, giving us jobs,” Jorge told The Real Deal. “Under [Donald] Trump, no contractors come by anymore. It’s mostly individuals doing small remodeling jobs.”

    Jorge, who emigrated from Cuba five years ago and has a work permit, described a landscape transformed, not by hurricanes or black swan events, but by a loud, surging wave of fear created by the Trump administration’s immigration crackdown.

    Yosvany, who declined to comment about his immigration status, echoed Jorge’s observations. “Work is sporadic,” he said. “And the people who are coming by want to take advantage of you because they know you don’t have papers.”

    Jorge, Yosvany and three other men looking for day jobs at Home Depot spoke on the condition that they not reveal their last names. Across South Florida, the anxiety isn’t confined to Home Depot sidewalks. Conversations with day laborers, union leaders, attorneys, and industry experts reveal a world where fear alone is as forceful a disruptor as any hurricane.

    In Brevard County, dozens of landscapers and construction workers were picked up and transferred to already overwhelmed detention facilities. In the Florida Keys, six Nicaraguan roofers — each with work permits — were snatched during a traffic stop and shipped off for deportation hearings. Their employer, Vincent Scardina, and their attorney, Regilucia Smith, declined comment.

    Subcontracting firms that once depended on a ready pool of immigrant labor have shifted rapidly. “Subcontractors are scared to hire workers, even those with work permits,” said Rony Carballo, South Florida representative for the International Union of Painters and Allied Trades.

    “They don’t want to train people when their status could be revoked overnight,” Carballo told TRD. “It’s like entering a labyrinth with no exit.”

    Beyond the Tallahassee raid, many members of the Associated Builders and Contractors have not yet reported large-scale ICE operations at their work sites, said Peter Dyga, CEO of the organization’s Florida chapter. However, the optics of ICE’s Tallahassee operation did have a lasting impact.

    Associated Builders represents large commercial contractors that are less concerned with hiring laborers at Home Depot or informal day sites, but the trickle-down fear is real, Dyga acknowledged.

    “Everyone’s become more diligent,” he said. “No one wants to be the headline because a subcontractor hired a crew with the wrong documents. We do everything by the book.”

    Dyga also noted that uncertainty about workers being rounded up — even ones who have been vetted as having legal status — affects construction budgets.

    “The commercial side of our industry cares most about predictability,” Dyga said. “If I estimate a project’s costs today, but six or 12 months from now my workforce shrinks, my whole business model is blown out of the water.”

    For employers in the construction and hospitality industries, vetting workers has become a Kafkaesque ordeal, said Scott Bettridge, Miami-based chair of law firm Cozen O’Connor’s national immigration practice. “I’ve got cleaning companies with 40 [percent] to 50 percent of staff affected, many of them Venezuelan,” Bettridge said.

    As status revocations multiply, Bettridge said, the burden falls on employers to comb through files, verifying who is legally employable and who might be using false documents. For the layered world of subcontractors that drives Florida construction, the risk multiplies, he added.

    “You can ask your [subcontractors] for assurances, but how deep do you want to go?” Bettridge said. “If you micromanage, you risk being considered their direct employer. But if you don’t, you’re gambling that their paperwork is clean. No one has the bandwidth to audit every crew on every job.”

    Bettridge considers the national E-Verify system, a database that provides information on the legal status of immigrant workers, as a partial safeguard. But it’s hardly bulletproof.

    “Some companies set up a dozen shell entities with 24 workers each to get around a 25-employee threshold in Florida to verify workers’ status,” Bettridge said. “That might comply with the letter of the law, but it’s a risky way to skate by.”

    And then there’s the federal government’s draconian approach.

    “ICE agents have started showing up with pre-typed waivers asking employers to consent to broad searches, even beyond public areas,” Bettridge said. “We warn our clients: Never volunteer this. But one panicked receptionist or security guard, and suddenly your job site becomes an open book.”

    Even lawfully present workers are no longer safe. Union representative Carballo described the case of a Cuban journeyman painter who has been a legal permanent resident for more than a decade. ICE agents scooped him up when he showed up for a military base job in Tampa, Carballo said.

    “He got in trouble with the law five years ago and paid his debt,” Carballo said. “Just to pad their detention numbers, they’re ending a man’s life here. He’ll be deported to a third country and lose everything.”

    In South Florida, five union members had recent job assignments canceled because their immigration status changed, Carballo said. “Venezuelans, Cubans — people with work permits or seeking asylum — are suddenly being denied by E-verify,” Carballo said. “It means starting from scratch: retraining, delays, higher costs.”

    For highly skilled trades like industrial painting — requiring expertise with hazardous chemicals and equipment, and often facing additional hurdles like drug testing — the impact is acute. Carballo estimates over 70 workers whose work permits were revoked lost their jobs with a painting company that has a contract at Orlando’s Disney World.

    “Replacing that kind of qualified labor means going back to square one,” Carballo said. “Every delay puts projects behind schedule.”

    https://www.yahoo.com/news/articles/fear-ice-raids-creates-chilling-203430820.html

    1. Beyond the Tallahassee raid, many members of the Associated Builders and Contractors have not yet reported large-scale ICE operations at their work sites
      I bet they are coming. Overseas, when one shop gets raided they supposedly immediately point at the competition and say, they have illegals there to. Of course, the word is out that the Police are hitting that type of establishment and some of the illegals just stay home. One woman I knew just laid low for about 10 days and later showed me the CCTV footage of 2 Vietnamese woman being arrested.

    2. recent job assignments canceled because their immigration status changed, Carballo said. “Venezuelans, Cubans — people with work permits or seeking asylum

      When Kristi shut off most of the CHNV and CBP-1 parole status (and SCOTUS allowed it), those work permit from the parole status were no longer valid. So when Carballo said “people with work permits” … nope, they no longer have work permits.

      Now, if the parolee had applied for asylum, I think they are protected from deportation “while their application is being processed.” But if they want to work, they have to apply for and receive a separate pending asylum work permit. I don’t think any of them ever got the asylum work permit, since it’s only been a few months.

  26. 30 years ago, i had to have a water heater replaced. (tank style) The plumber says “hey, if you buy an extra anode for $100, you can double the warranty” Well shoot that’s a deal. do it

    That guy retired, I had to tell the next plumber “hey, you can get an extra anode and it doubles the warranty” huh? no you can’t, let me call the company……………..by gosh turns out LC is right (again, as usual)

    repeat twice more, different locations, different plumbers, just happened again.

    “I’ve been doing this for 50 years (head guy) and I’ve never heard of such a thing………….. I bring up manufacturer webpage. oh look, right here, it says “add this thing, must be installed by plumber before install, adds 4 years”, he calls manufacturer, turns out that it’s basically another anode. I’m right. Why you wouldn’t be selling this to your customers, that’s a deal. 10% more money (and probably 10 minutes of time) for 4 more years

    if you haven’t installed a water heater (or anything HVAC) in the last few years, they have gone insane (like everything else). a water heater is basically $2500 installed

    for a 6 years

    or

    you can add an extra anode for $250 and get 4 more years of warranty…………………. (so 10 years,) Sigh, i am always right.

    Now you guys all know too and 12 years from now I”ll have to train another experienced plumber.

    1. I watched a video in 50 year roofs. Turns out years ago a company started offering 50 year warranties on what was basically the same 30 year shingles they had been selling. They figured out that people would die or sell way before it ever became an issue. Sold a lot of shingles. Soon other companies were doing the same thing. There are 50 year shingles, but you have to really work to find them. Snakes everywhere with these warranties.

      1. They figured out that people would die or sell way before it ever became an issue.

        That’s probably true of 30 year shingles as well.

        1. around here we get hail. It’s the big issue. a 10 year old roof is really old in any particular part of town
          Of course now instead of just slapping up some tar paper and 3 tab, you have to use all these fancy (expensive) ice dam, other underlayment and all kinds of fancy “high impact’ shingles.

          And then every 5 to 10 years, we get 4″ hail. Nothing survives 4” hail (baseball to softball sized, it’s pretty un-cool).
          So then instead of just slapping another lay of 3 tab on (for 2 to 3 layers, until ripping it all off), they rip the entire thing off with that fancy underlayment, ice dam and 30 to 50 year high impact shingles off. And put a million more nail holes in the decking (which BTW, you’re only supposed to rip off and replace 3 times before replacing the decking that’ gonna be the next big issue).

          This is all at the insurance companies insistence with the roofing companies going along (why not, takes a $3000 roof to $15,000)

          It’s idiocy.

          1. ‘And then every 5 to 10 years, we get 4″ hail’

            I’ve never even seen that. I did hear of a new car getting totaled by hail once, but it wasn’t that large.

          2. it doesn’t hit everywhere (obviously we get a lot of smaller hail) but somewhere in town (and it’s not a big town) gets smacked with 3 to 5″ hail. windows, cars, roofs, siding, gutters, etc it’s seriously uncool.

          3. And then every 5 to 10 years, we get 4″ hail

            Holy Cannoli!

            Some people out here have steel roofs, to survive hail, and we never get anything like that. When we get hail it’s usually pea sized. Anything larger is a really big deal out here.

          4. “Nothing survives 4” hail…”

            I believe that. I’ve seen golf ball sized hail in the deep south that was very destructive, breaking car windshields, destroying crops, etc., really incredible experience for me as a California native raised with earthquakes and wildfires.

    2. Wow, don’t tell my plumber. I just had a 50 gallon gas Bradford White tank installed for $1200.00. The original 65 gallon made it almost 20 years to the day when I had the house built. Same plumber plumbed the house, all copper. Old school guy still drives the truck he bought in 1996.

  27. ‘We’re in a buyer’s market now. There’s a huge amount of inventory to choose from, and people are no longer making random offers. People need to stop comparing everything to the pandemic. That wasn’t normal. A house that was $700,000 may now be $550,000′

    It’s a good thing everybody put 20% down Inbal!

  28. ‘In MetroWest and Middlesex County, we have seen an actual on-market increase (in inventory) of about 30% and we’ve (also) seen a 30% increase in price changes. This indicates that home sellers are coming on thinking they could push it a little higher and the market is rejecting that.’ Hopkinton: Median single-family home sale price through June 30: $983,000, down 14.4%’

    In the 2000’s the Boston melt down was preceded by small pocket of crater in sh$tholes like this.

  29. ‘Business is a little bit different…They were putting in offers, you know, $30,000 and $50,000 over ask and essentially over inflating our market,’ said Russell. Some of those buyers are now looking to sell. And they’re finding they just can’t make their money back’

    Tiffany:

    The Ecstasy of Gold (Live) – Ennio Morricone Orchestra

    * World Music *

    5 years ago

    https://www.youtube.com/watch?v=nOE24dd0Xmc

    4 minutes.

  30. Lost Big Money Being Honest (Peel Region Real Estate Market Update)

    Team Sessa Real Estate

    1 hour ago MISSISSAUGA

    In this episode, we discuss how a buyer lost serious money by opening up about his situation. We also discuss the current Brampton, Mississauga, Ajax, Whitby, and Pickering Real Estate home prices and market trends for the week ending July 16, 2025.

    https://www.youtube.com/watch?v=9Q-wuTUTdGc

    12 minutes.

  31. ‘Starting in the early 2000s, Canadian housing went on a run for the ages, with the average national price of a home rising fivefold. It was an era that converted masses of Canadians to real estate evangelists who poured their savings into the market and began treating their homes as retirement funds. Canadian housing soon took on a global profile as one of the world’s most overpriced markets. But the more the predictions of its demise didn’t come true, the more Canadians were seduced by the fortunes that could be made in real estate. ‘It led people to believe that maybe this is a permanent fixture’

    K-da has a brain disease. What about the 2014 oil collapse in Calgary? It was the golden child of igloo appreciation. In 2016 Vancouver igloos crashed. Remember Chinese money launderers renting out 20 million pesos igloos for a 1000 pesos a month? Toronto crashed in 2017. And more than any myth K-da endures, you sure as hell crashed in the subprime sh$tfest of the 2000’s cuz you were more subprime that the US. And I’ve got the posts to prove it. Just go back and look.

  32. ‘Analysts blamed global anxiety about Donald Trump’s tariff war, higher domestic taxes and too many properties on the market for the gloomier predictions. ‘Many of the international buyers who used to drive the ultra-prime market, particularly from the Middle East and parts of Asia, have left London’

    Interest rates went up, prices stopped going up and the bubble popped Becky. If prices were still going up you’d be telling us about shortages and desirability. London has always been a sh$thole.

  33. ‘The word shortage is just not talked about anymore…I think Chris Bishop’s comments a couple of days ago, about decoupling this idea that, you know, to have a strong economy, we have to have a strong housing … I think is a great thing. We don’t get richer as a country by buying and selling each other’s houses’

    They all get religion when the joy ride is over and philosophical about it. There never was and never will be a shortage, even when we made nails by hand.

  34. For years, US-approved visas meant for abused children went to adults, criminals and gang members, DHS finds

    More than 500 MS-13 gang members and 200-plus sex offenders received legal status through special juvenile visa program

    By Morgan Phillips Fox News

    undocumented migrant children who experience abuse or neglect was, under the Biden administration, offered mostly to illegal immigrants older than age 18, many of whom had criminal records, according to a new Department of Homeland Security (DHS) report obtained by Fox News Digital.

    A Trump administration review of the special immigrant juvenile petition program found that between fiscal year 2020 and fiscal year 2024, 198,414 special immigrant juvenile petitions were approved. And in fiscal year 2024, 52% of special immigrant juvenile petitioners were over the age of 18 through a loophole that allowed classification to be offered up to age 21.

    Of those petitioners, 60% were male. Massachusetts, New York, Maryland and California are hot spots, states where courts routinely approve special immigrant juvenile predicate orders for legal adults, often based solely on affidavits.

    https://www.foxnews.com/politics/years-us-approved-visas-meant-abused-children-adults-criminals-gang-members-dhs-finds

  35. Hospital workers who blocked ICE arrest hit with federal Hospital workers who blocked ICE arrest hit with federal charges

    Fox News

    2 hours ago

    Fox News chief correspondent Jonathan Hunt reports on hospital workers now facing federal charges after allegedly interfering with ICE’s attempt to arrest an illegal migrant. Former Los Angeles County Sheriff Alex Villanueva reacts to ICE’s immigration agenda.

    https://www.youtube.com/watch?v=WzHVJ0cHd3s

    8 minutes.

    1. The 10 most ‘impossibly unaffordable’ housing markets in the world—5 are in the U.S.
      Published Fri, Jul 25 2025 1:38 PM EDT
      Natalie Wu

      Living in The Golden State is not cheap.

      It’s “impossibly unaffordable” to buy a home in four major California metropolitan areas — San Jose, Los Angeles, San Francisco, and San Diego — according to a May study by the Chapman University Center for Demographics and Policy. The study compared the median home price to median incomes of 95 housing markets in the third quarter of 2024.

      The Honolulu area, where the median home price is 10 times the median income, also made the top 10 list of unaffordable housing markets.

      Of the markets analyzed, 12 were classified as “impossibly unaffordable,” and not a single one was deemed “affordable,” the study found. “Impossibly unaffordable” housing markets had price-to-income ratios of nine or higher, while an “affordable” market was one where the median home price was no more than three times the area’s median annual income.

      The most unaffordable market was Hong Kong, where the median house price was more than 14 times the median income of a worker in the city. Australia was also notably unaffordable. Metropolitan areas of Sydney, Adelaide and Melbourne were all in the top 10 as well.

      Top 10 least affordable housing markets and their house price-to-income ratios

      Hong Kong 14.4
      Sydney 13.8
      San Jose, California 12.1
      Vancouver, Canada 11.8
      Los Angeles 11.2
      Adelaide, Australia 10.9
      Honolulu 10.8
      San Francisco 10
      Melbourne, Australia 9.7
      San Diego, California 9.5

      https://www.cnbc.com/2025/07/25/the-10-most-impossibly-unaffordable-housing-markets-in-the-world.html

    2. Looking on the bright side, with very few buyers and inventory piling up, lower California housing prices are just around the corner!

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