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More Supply Than Demand, With Frenzied Sellers Coming Late To A Dying Party

A report from The Street. “‘Housing affordability keeps hitting new lows in the US… first time buyers have been priced out of the market,’ investment community Wall Street Silver posted on its Twitter account. ‘Investors are not likely to stay around when they realize the music had stopped.'”

The Dayton Daily News. “The average rate on the 30-year fixed mortgage just topped 5% for the first time in a decade and experts said future increases could have a halting effect on the home-buying market. ‘For housing, while we’ll see a drop in transactions … what remains is the fact that prices at some point will have to adjust for all these higher mortgages, highest costs,’ said George Ratiu, manager of Economic Research at Realtor.com.”

From Mansion Global. “The number of homes listed in the week through Saturday increased by 8% compared to the same time in 2021 after decreasing in the prior four weeks, according to Realtor.com. Even with ever-growing median listing prices and surging demand, more sellers have been dropping their asking prices. Around one in every 10 listings, or roughly 12% homes currently listed, had a price drop during the four weeks ending Sunday, which was up from 9% at the same time in 2021 and the highest share since early December, according to a separate report released by Redfin.”

From Yahoo Finance. “JULIE HYMAN: So let’s go back to what you said about bidding over ask. What are we going to see on that? I mean, it feels like this latest period was characterized by a lot of bidding wars, right? Multiple offers coming in on hot properties, everyone trying to outbid the next. Is that done? Are we not seeing that so much right now?”

“Redfin Chief Economist Daryl Fairweather: It’s starting to fade. I was talking to one of our real estate agents in Seattle, and she was saying that it used to be that homes would get a dozen offers. And now it’s more like two or three. That’s still multiple offers and still could lead to a situation where the home goes above asking price. But I think as time goes on, it’ll go down to just one or two offers or one or zero offers, and homes will actually start to sit on the market.”

From Bisnow New York. “With 421-a set to expire in June and rental profits under threat, Avison Young Tri-State Investment Sales Group principal James Nelson says developers are hesitating. Exacerbating the slowdown is the tax break’s proposed replacement, a measure called 485-w, which is designed to create deeper levels of housing affordability and is unpopular with developers. ‘This is going to really decrease land value, certainly in prime locations,’ Nelson said. ‘If you run the numbers based on the main requirements and the cost of development, the land value in some places dropped by a third.'”

From ABC 7 in California. “In 1986, Gary R. bought his dream home in Pleasanton. A four bedroom house with a pool and a view of the mountains. 36 years later, his dream home is now an income property, but for the past 26 months he hasn’t made any income. ‘For over two years I have tenants that haven’t paid a single dollar,’ said Gary. ‘It’s over $100.000. It’s a big amount of money.'”

“The East Bay Rental Housing Association says many landlords are on the verge of losing their properties as they wait for the state or county programs for help. As to Gary, he doesn’t know how much longer he can hold on to his property. ‘I’m basically zeroed out at this point. I have $50 in my savings account. I have a big problem. I just paid for my real state taxes and my mortgage payments. I’m clear through April but I’m going to have borrow some money in May,’ said Gary.”

From Toronto Sun in Canada. “For those of us ‘on the ground,’ the lag time between the shifting behaviours and trends we observe in our day-to-day and when we are able to actually see them borne out in the numbers can be lengthy. Quite simply, by the time the data supports what the canaries in the mine have been calling, it’s often past the point of prediction and well into the new reality. At first it was a drop in the number of offer registrations; things were still selling, sure, but the number of buyers fighting for them was in decline. Then it was a sharp increase in the number of listings that were failing to sell on offer night only to be relisted the following day. We were starting to see more properties simply sitting when their pricing strategy was poorly received.”

“Then the investor mania in the condo market served to overshadow the moderation I was certain I was seeing elsewhere. The. Market. Is. Shifting. It was an inevitability that at some point the runaway train was bound to lose steam. It was inevitable that at some point the upward pressure on prices would butt up against the concrete wall of unaffordability and momentum would stall. I am quite certain that we are now witnessing the impact of those record-low preapprovals turning into pumpkins. And with it the FOMO that has driven this market.”

The Sydney Morning Herald. “A 2 percentage point lift in interest rates could knock 15 per cent off the value of Australian homes, the Reserve Bank has warned while telling people who have taken out huge mortgages over recent years to start bracing for an increase in their repayments. ‘It is important that lenders and borrowers consider the potential for falls in housing prices, particularly for loans at high loan-to-value ratios,’ it said.”

From Stuff New Zealand. “There are 2181 homes for sale across the Wellington region, more than at any point in the past seven years.
Economists and real estate agents all have their own jargon: ‘A buyer’s market.’ ‘A shift in momentum.’ ‘The bottom end of the market is sagging.’ ‘The bottom has fallen out.’ Beth Coughlan​ has a phrase of her own: ‘quite disappointing.'”

“At the start of the year, the Coughlans listed their first family home, in the Lower Hutt suburb of Naenae, for enquiries over $859,000. No-one was interested. They dropped the price to $815,000, then $759,000 and, now, earlier this week, $699,000.”

“‘The market did need to change, I think we could all agree on that,’ Coughlan said. ‘But it is really disheartening, as a vendor, to not know how long you’ll be sitting there.'”

“ANZ Bank chief economist Sharon Zollner​ said the family had little to worry about. ‘It’s a more stressful market to sell in, but they’ll get it back when they’re the buyer, and they buy a house that’s been marked down by $250,000,’ she said. ‘The people I feel sorry for are the ones who’ve just stretched themselves to the absolute max for a house that’s now worth 5 per cent less before the ink’s even dried.'”

“Tommy’s Real Estate sales director Nicki Cruickshank​ estimates sellers already face a 10 per cent drop ‘from what their expectations might’ve been,’ and house price reporting would take ‘two or three months’ to catch up to that reality. She attributes falling prices to ‘more supply than demand,’ with frenzied sellers coming late to a dying party. ‘Most people believed they should get on the market quickly – thinking it’s the top of the market – but the top of the market was probably in October,’ Cruickshank said.”

From Bloomberg. “Embattled Zhenro Properties Group Ltd. defaulted for the first time, giving investors in the Chinese property sector a reality check. The developer said it was unable to pay interest on two dollar bonds before a grace period ended Saturday and warned it might not be able to meet three other coupons because of its liquidity woes. China’s offshore corporate-bond defaults have climbed to $8 billion this year, data compiled by Bloomberg showed, including 25 dollar-denominated bonds and one hongkong dollar-denominated bond.”

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This Post Has 116 Comments

  1. ‘I’m basically zeroed out at this point. I have $50 in my savings account. I have a big problem. I just paid for my real state taxes and my mortgage payments. I’m clear through April but I’m going to have borrow some money in May’

    That’s some red hotcakes right there.

    2. “I’m basically zeroed out at this point. I have $50 in my savings account. I have a big problem.”

      I’m in love.

    3. He’s owned the house for 36 years and still has a mortgage???
      Why don’t the intrepid reporters ask “What happened?”. (He probably did cash-out refi’s, maybe to buy other houses, or toys).

      1. That’s how DebtDonkeys do it.

        In DebtDonkeyWorld, they call a line of credit a savings account.

      2. He’s likely retired and depending on that rental income that isn’t coming in these days. And he has to pay the property taxes regardless of rental income.

        The real tragedy is our country usurping private property laws!

      3. It could be explained by serial refis to get a lower interest rate and monthly nut, but resetting the loan to another 30 years.

    4. Tenant hoards all the rent money and then buys the property at auction. Only in California. If I were Gary and that happened I think I’d buy some gasoline.

      1. Gary bought the house in 1986. It should’ve been paid off many, many years ago. That is very common in California. Cash out refis are the only way to keep up appearances for many. I know people who’ve “owned” their homes for 20+ years and owe more on it than the original purchase price.

        1. Are buyers still willing to buy homes even with a non-paying tenant inside? Why not just sell the house out from under the buyers? At best he could just wait a year and not renew the lease.

          1. Do you think the current owner extended the lease for a deadbeat? It’s been 26 months. When they say eviction ban they mean eviction ban.

      2. the “Putin Price Hike” yet.

        The inflation occurred before Putin took a step. If you can’t consider that you will be very disappointed when it doesn’t go away with Putin. You will not know when, why or how it goes away or doesn’t. Inflation is not the price of bread.

        No disrespect intended, but if you can’t accurately define a problem you will never see the solution.

        2. I would have loved to be a fly on the wall during the PR brain storming session when they came up with the “Putin Price Hike.”

          The inflation numbers must be really bad if they are trying to front run them with a slogan this ridiculous.

      4. “Putin Price Hike”

        When did the Dems turn into the “blame Russia” party? It’s been “muh Russia” since before DJT was elected.

  2. ‘It is important that lenders and borrowers consider the potential for falls in housing prices, particularly for loans at high loan-to-value ratios’

    “We said you’ll own nothing.”

    1. particularly for loans at high loan-to-value ratios

      $600,000 starter homes in areas with warehouse jobs seems kind of unsustainable, but that’s just my humble opinion.

  3. ‘I mean, it feels like this latest period was characterized by a lot of bidding wars, right? Multiple offers coming in on hot properties, everyone trying to outbid the next.’

    Winnahs!

    Is that done? Are we not seeing that so much right now? Redfin Chief Economist Daryl Fairweather: It’s starting to fade’

    Turn that frown upside down Daryl, get out there and borrow!

  4. ‘listed their first family home, in the Lower Hutt suburb of Naenae, for enquiries over $859,000. No-one was interested. They dropped the price to $815,000, then $759,000 and, now, earlier this week, $699,000’

    ‘The market did need to change, I think we could all agree on that’

    That’s right Beth, we’re all in this together.

    ‘But it is really disheartening, as a vendor, to not know how long you’ll be sitting there’

    Yer chasing the market down Beth.

    1. ‘But it is really disheartening, as a vendor, to not know how long you’ll be sitting there’

      You could unload your shack tomorrow, Greedhead Beth, if you’d price it to sell instead of clinging to your wish price delusions.

      1. Speaking of being “stuck,” An ex-Coworker (retired) and was all gung-ho he had found and closed on a 3/2 house in Idaho for $550k (We’re from Central Northern California). I asked him if he was ok with the cold weather. He said, “yeah, I can handle it.”

        So about 6 months after he moves there, I call him up and ask him how he likes his new home? He says, “I hate it. It’s always dark, cold, cloudy, raining/snowing and I’m going nuts just being stuck inside because the weather’s so sh*tty. I’m going to call my realtor and put it on the market, so I can move back to Calif. I don’t know what I was thinking!”

        I told him he probably just got caught up many like others in wanting to own his own home (he was renting here in Calif.), and overlooked some things. I wished him good luck.

        Buyer’s remorse is a huge thing the last few years. Don’t have the link, but I think I read where they said well over half of buyers were regretting their purchases…yikes!

  5. “For over two years I have tenants that haven’t paid a single dollar,” said Gary. “It’s over $100.000. It’s a big amount of money.”

    And with BA.2 spreading like a brush fire in a windstorm there is no forcing his non-paying renter out of the house, especially in California. I wonder what Judge Ketanji Brown Jackson’s point of view is regarding private property rights being usurped without due compensation?

      1. @Luca Brasi About your traditional services, that business model is passé (though a few DIY, pretty violent assaults between renters/LLs have been in the news in the past few months.)

        The boys try to shake down a guy employed by real criminals.
        The Sopranos – Patsy and Burt failed extortion attempt at “Starbucks” | Aug 30, 2014
        https://www.youtube.com/watch?v=_Gsz7Gu6agA

  6. ‘ANZ Bank chief economist Sharon Zollner​ said the family had little to worry about. ‘It’s a more stressful market to sell in, but they’ll get it back when they’re the buyer, and they buy a house that’s been marked down by $250,000,’ she said. ‘The people I feel sorry for are the ones who’ve just stretched themselves to the absolute max for a house that’s now worth 5 per cent less before the ink’s even dried’

    Silver lining Sharon to the rescue!

    1. ‘investors borrowing against their equity for new houses’
      I saw this same thing in 2019 & early 2020. Investors would do cash-out refi 3 or 4 of their investment properties at the same time. Never really noticed it until then. (got laid off in mid-2020 so can’t comment on current conditions,

    2. As it was reported on this blog years ago…. the “demand” was simply gamblers colleralizing everything they owned to buy more. As it was also reported years ago, well over 85% of all SFR’s and Condos are collateralized.

      Now prices are plunging.

      Daly City, CA Housing Prices Crater 11% YOY As Bay Area Housing Inventory Skyrockets

      https://www.movoto.com/daly-city-ca/market-trends/

    3. ‘investors borrowing against their equity for new houses’

      I like it, I love it, I want more of it.

      1. Dumb ’em down.

      2. Profit.

    4. “…investors borrowing against their equity for new houses.”

      A friend’s co-worker inherited a house, free-n-clear. Then someone talked her into leveraging that equity on a central valley spec rancher in Merced near the new UC campus. She panicked when the bottom fell out in 2008 selling at a loss rather taking the long position. She spent the next 10-yrs paying off that investing experience in order to keep her gifted house.

      1. She spent the next 10-yrs paying off that investing experience in order to keep her gifted house.

        Experience keeps a dear school, but fools will learn in no other.

        1. My friend saw her crying quietly one day at work in the lunch room, so he asked what was the matter, and she conveyed the story.

    5. “Also, they laid off 25% of the underwriting staff 2 weeks ago’”

      That’s bullish for housing, right?

    1. I cancelled it when it became obvious it was just another outlet for GloboHomo propaganda.

    2. I’ve posted multiple articles on this #Narrative, that Pedo Joe not giving gibs is wacist, that he campaigned on gibs, that the 2022 midterms will be a disaster without giving gibs, etc.

      “They’re not sending their best”

    3. “I am not responsible for your student debt. I grew up in poverty in NC. Ate from a garden, name was on community Angel tree for Christmas, bought clothes from yard sales & if I was lucky, on a rare occasion Sky City. I joined the Air Force then went to college. I made it happen.”

      “hate speech.”?

      1. “hate speech.”?

        I have long learned to not expect anything resembling logic from these GloboHomo stooges.

  9. When will local communities start defending themselves from the speculator locusts?

    ‘There are so few locals left there’s no one to run shops and restaurants’ ‘Heartbroken’ residents accuse second home owners of ‘killing’ Yorkshire fishing village and pricing them out of housing market after tourists bought all but FIVE seaside properties

    https://www.dailymail.co.uk/news/article-10707339/Fury-tourists-buy-FIVE-seaside-homes-idyllic-Yorkshire-fishing-village.html

    Furious locals at a Yorkshire fishing village are ‘heartbroken’ as they accuse city-dwelling staycationers of ‘killing’ their community by snapping up ‘all but five’ properties to use as second homes and holiday lets while house prices ‘go through the roof’.

    Robin Hood’s Bay, an idyllic seaside spot around six miles south of Whitby in the North York Moors National Park, surged in popularity among locked-down Britons who were discouraged from taking foreign holidays during the Covid crisis.

  10. Globalism benefits only a corrupt and venal .1% in the financier oligarchy. The sooner voters in all the western democracies wake up & pry the globalist Quisling parties off the levers of power, the better.

    France’s disenchanted blue-collar workers could propel Marine Le Pen to victory after she softened her image, pledged to scrap income tax for under-30s and highlighted Brexit-hating Macron’s failings

    https://www.dailymail.co.uk/news/article-10706687/Emmanuel-Macron-pledges-block-far-Right-goes-head-head-against-Marine-Le-Pen.html

  11. “‘Housing affordability keeps hitting new lows in the US… first time buyers have been priced out of the market,’ investment community Wall Street Silver posted on its Twitter account.

    Heckova job, “Zimbabwe Ben” Bernanke, Yellen the Felon, & Jerome Powell.

  12. ‘For over two years I have tenants that haven’t paid a single dollar,’ said Gary. ‘It’s over $100.000. It’s a big amount of money.’”

    State-sponsored parasitism, brought to landlords by the Democrat-Bolshevik collectivists. Maybe it’s time the former took a more active role in resisting government overreach.

    1. Amazon got virtue signaled for that so now give it to charities which sell to liquidators. I knew a liquidator in Houston TX and that’s what he bought. Some good stuff lots of junk returns.

  14. As to Gary, he doesn’t know how much longer he can hold on to his property. ‘I’m basically zeroed out at this point. I have $50 in my savings account. I have a big problem.

    Gary, were you somehow unaware that your rental property was located in a Democrat-Bolshevik malgoverned People’s Republic where parasitism and dependency are exalted & enabled as the supreme virtues?

    1. I think it was you who said never to own property in Socialist shitholes. I use that line frequently. If it wasn’t you then I made it up myself using your description.

    1. “I’ve been here eight years and have never had to investigate anything like this.”

      Between not having dealt with anything like it and the Skakel brothers being nephews of Ethel Kennedy the Greenwich Ct. cops had a hard time investigating what happened to Martha Moxley back in 1975 too.

      1. It appears that oil already had a huge increase, beginning late 2020. The price of everything else follows.

  19. The bag of Lays Family size chips I bought to go with the Region IV Bacon cheeseburgers yesterday at Publix is approaching the size of the 25 cent a bag chips that were sold on a rack at convenience stores not long ago.

    I guess that’s what they call Shrinkflation.

    2. I look at it as a blessing. I’m getting rid of the junk food I never should’ve been eating in the first place.

      1. Junk food is the most expensive food, and it’s not good for you. So you are heading in the right direction. Once you stay the course for 90-days you’ll have that addition broken!

      2. While food price are up, it seems that national brand food prices up the most. Family size box of cheese-it’s was $7.50 at target for 21 oz. yeah I didn’t buy that and no one else did either.

  20. This article has nothing to do with housing …

    “Something Is Up”: Rep. Jim Jordan Suggests Hunter Biden Indictment Could Be Coming | ZeroHedge
    https://www.zerohedge.com/political/something-rep-jim-jordan-suggests-hunter-biden-indictment-could-be-coming

    (here is a snip)

    “Top House Republican Jim Jordan said on Sunday he thinks ‘something is up’ with the MSM’s recent flip-flop on the Hunter Biden laptop story – which was originally branded as Russian disinformation right before the 2020 US election, only to be validated as authentic in recent weeks amid a grand jury investigation into the First Son.

    “According to Jordan, it ‘sure seems’ that Hunter is on his way to being indicted – though he couldn’t say for sure, according to the Washington Examiner. Jordan pointed to the remarkable timing of MSM outlets reporting on Hunter’s laptop in seeming lockstep, which coincides with a flurry of grand jury activity.

    “‘You mentioned those two stories from the Washington Post 10 days ago,'” Jordan told Fox News host Maria Bartiromo. ‘I understand they were four minutes apart. One was at 11:00. One was at 11:04. So two eight-page-long stories four minutes apart from the news organization that said 18 months ago there was no story here, this was Russian disinformation. That tells you something is up. You don’t see the Washington Post do that.'”

    Click on the link to read the rest.

    1. I would be interested in hearing Maria Bartiromo’s experiences while attending “Klaus School”.

  21. Video: Watch The Insane Reaction U.S. Troops Had For Elon Musk During Visit

    by Steve Watson
    April 11th 2022, 7:30 am

    When Musk was introduced, the cadets went wild, standing and raising chairs above their heads:

    The welcome Musk received came in the week that he made headlines for buying a significant stake in Twitter, following several posts suggesting he will attempt to restore free speech to the platform:

    U.S. Air Force Academy
    @AF_Academy

    Now that’s an academy welcome!

    https://twitter.com/AF_Academy/status/1512172917576007710?s=20&t=yu72G3dPvBOfYmFzuWMK_A

  23. Ron Paul: CIA Admits Feeding Americans Unsubstantiated Info About Ukraine

    By Ron Paul | April 11, 2022 | 10:01am EDT

    Citizens of the Soviet Union would read manipulated media like Pravda not because the regime reported facts, but because truth was hidden between the lines of what was reported and what was not reported. That seems to be where we are in the U.S. today.

    In early April, an extraordinary article appeared in, of all places, NBC News, reporting that the U.S. intelligence community is knowingly feeding information it does not believe accurate to the U.S. mainstream media for the American audience to consume.

    In other words, the article reports that the U.S. “deep state” admits to being actively engaged in lying to the American people in the hopes that it can manipulate public opinion.

    https://www.cnsnews.com/commentary/ron-paul/ron-paul-cia-admits-feeding-americans-unsubstantiated-info-about-ukraine

  24. From the headlines:

    From Pakistan to Peru, soaring food and fuel prices are tipping countries over the edge

    Some of you may starve … but that’s a sacrifice we’re willing to make – The Globalist Cabal.

    1. CNBC — White House says it expects inflation to be ‘extraordinarily elevated’ in new report (4/11/2022):

      “White House press secretary Jen Psaki said Monday that the Labor Department’s previous report — which showed prices rising at a dramatic rate in February — failed to include the majority of the jump in oil and gas costs caused by the Kremlin’s unprovoked invasion.

      “We expect March CPI headline inflation to be extraordinarily elevated due to Putin’s price hike,” Psaki told reporters.

      https://www.cnbc.com/2022/04/11/inflation-data-white-house-expects-big-price-hikes-in-march-cpi-report.html

      The United States was energy independent less than 16 months ago.

      And yes, that uptick in credit card balances is because people are broke, and this inflation is destroying them.

      Time to bring back the Lucky Ducky meme / cartoon, we haven’t been posting any of those for a while…

    1. “An Asteroid Annihilated a City 3,600 Years Ago. It Could Happen Again.”

      Please let it be Washington D.C.

  27. How is this “far-right wing fake news misinformation” being allowed to stay on the inter webs!?

    “Proof that blue states DID fail their people during pandemic: Harsh lockdowns caused huge deaths rates, ruined kids’ education and destroyed business, bombshell research FINALLY shows – with NY, NJ, CA and IL all receiving an F-grade”
    “The Democrat Governors’ policies caused high death rates, ruined children’s education and destroyed businesses due to the severe curbs on freedom, researchers found.”

    https://www.dailymail.co.uk/news/article-10708225/The-states-FAILED-protect-people-COVID.html

    1. Covid vaccines are poison.

      Anecdotal, I traveled a bit this weekend. Busy restaurant in Colorado Springs with 100+ people inside, maybe one person wearing a mask. Rural Southern Colorado, zero masks. Back here in the South Denver suburbs, plenty of indoor masks and a handful of Mass Formation Psychosis freaks wearing masks while walking on the sidewalk alone.

      Yes, you’re freaks. You are suffering from a Mass Formation Psychosis, and at this point you’re so emotionally invested into it, there is zero hope for your recovery…

  28. There are four twitter videos of the Soros inspired thugs at the campus event and two Fox interviews, one with Therese Purcell and the other with Lt. Col. Allen West, they are all very much worth watching.

    Mob Of Liberal College Students Chase Down Female Peer For Hosting Black Republican Speaker

    By Kelen McBreen | INFOWARS.COM Monday, April 11, 2022

    A rowdy horde of liberal college students “hunted down” a female conservative student on Thursday because she invited Lt. Col. Allen West, a black conservative politician and activist, to speak at the University of Buffalo.

    Titled, “America Is Not Racist—Why American Values are Exceptional,” the event was disrupted by screaming protesters banging on the walls outside the building.

    A woman named Therese Purcell is president of the university’s Young Americans for Freedom group that orchestrated the event.

    According to Purcell, she was escorted by police along with West and others before becoming separated and being chased down by the unruly group.

    Because the demonstrators were chanting, “No peace,” “Target practice,” and other violent slogans, Purcell ran as she became surrounded.

    https://www.newswars.com/

  29. The kill shot hit close to home this week. One of my in laws, who is jabbed and boosted, had a sudden heart attack and almost died. She’s in her 50’s, is in the ICU and she’s not doing well.

    Of course, the hospital staff say it’s not linked to the jab, even though she had no arterial blockage and they don’t know why she fibrillated.

    1. I don’t want to say anything that specific, but two people I know who had had a previous cancer in remission for years have started having problems again.

      Happy twenty five month anniversary of “two weeks to flatten the curve”

      1. The Alarming Number of Side Effects and Soaring Cancer Cases – Dr. Robert Malone |Red Voice Media|April 3, 2022
        https://rumble.com/vzliki-the-alarming-number-of-side-effects-and-soaring-cancer-cases-dr.-robert-mal.html

        Also:
        Truth Bombshell: 9 peer-reviewed studies conclude that Ivermectin is a powerful, highly-effective anti-cancer drug
        April 11, 2022
        https://thecovidblog.com/2022/04/11/truth-bombshell-9-peer-reviewed-studies-conclude-that-ivermectin-is-a-powerful-highly-effective-anti-cancer-drug/

        1. Ivermectin is a powerful, highly-effective anti-cancer drug

          We can’t have that. Cancer drugs are big bucks for pharma.

        2. 9 peer-reviewed studies conclude that Ivermectin is a powerful, highly-effective anti-cancer drug

          The hellcare industry and big pharma prefer toxic chemo drugs which string a patient along on an extended ride of hellish pain and misery on the way to certain death.

          2. Chemo made my father so sick that he didn’t feel like eating, and the pounds just melted away as he became a skeleton inside a bag loose skin. He couldn’t get any rest as his protruding bones contacted the bed resulting in steady pain. The drip morphine was increased until he had a 1,000-yd stare, i.e., not lucid.

          3. extended ride of hellish pain

            Through the years I’ve cared for many members of my family when they were ill, so I was fairly battle hardened when it was my turn in the barrel.

            These cancer centers are like factories. I did 5 wks chemo/radiation in 2020, then operation. After that, you’re put on the conveyor belt for IV chemo. I jumped off, noped out of there. After four months, I got a little scared, got a new doctor who also recommended IV chemo; I told him I’d take the chemo tablets I took before. Took those for a couple of months until my feet started to crack and bleed (my only side effect) and at that point stopped taking them. I seem to be fine now, but ya never know (Schrödinger’s cancer 😉).

  30. Duplex Housing Law Met With Fierce Resistance by California Cities

    Temple’s ordinance says property owners must get rid of their garage or driveway before getting a building permit, and residents of the new unit will be banned from obtaining street parking passes. New tenants can’t own a vehicle and must intend to walk, bike or take ubers around the suburb, according to a planning memo.

    https://lostcoastoutpost.com/2022/apr/11/duplex-housing-law-met-with-fierce-resistance-by-c/

    https://www.ci.temple-city.ca.us/DocumentCenter/View/17123/8A_SB9_Staff-Report-w-attachments

  32. When I woke up this morning Russia was still kicking ass, the Biden crime family was falling apart, and housing was cratering.

    What a glorious day it was.

    2. A glorious day, indeed. Don’t forget, these alleged COVID vaccines will give you A.I.D.S. We’re all in this together and now you have A.I.D.S.

      https://ibb.co/QdNdYWX

      Enjoy having A.I.D.S. from your phony vaccines. At least you *OWNED* Orange Man Bad on Twitter, before you died of cancer and A.I.D.S. at age 29.

      “They’re not sending their best”

        1. Looks like those beliefs, lifestyle and slogans have done a nice job of keeping them on the bottom rung of the ladder of life.

    3. “When I woke up this morning Russia was still kicking ass, the Biden crime family was falling apart, and housing was cratering.”

      Now that’s a Trifecta!

  34. They’re not sending their best

    I see this a lot on this blog. I’m not sure I understand what it means, but if I do, I’m sure glad they aren’t sending their best. Getting our azzes kicked in the media, government, climate wars et al. by second stringers is bad enough. What am I missing?

    1. It paraphrases what The Orange Man said about illegal aliens back in 2015.

      “They’re bringing drugs. They’re bringing crime. They’re rapists. Some, I assume, are good people. They’re not sending their best. They’re not sending you.”

  35. Dr Ardis just dropped on the Stew Peters Show what Covid 19 is.

    Its not a respiratory virus.
    Its not pneumonia.
    Its not from bats.
    You will be shocked to find out what he thinks it is , and how its delivered.
    Why it affects your taste and smell.
    Why smokers are protected against Covid.
    Oldest form of murder in the book.
    Take a guess. If this is true its a shocker.

    1. That’s a propaganda piece meant for the fresh Russian conscript formations readying for another offensive in the eastern region.

  37. Does it seem like the central banks that raise rates and withdraw QE most slowly will get to eat the inflation?

    1. The Financial Times
      Eurozone economy
      ‘Living in a fantasy’: euro’s founding father rebukes ECB over inflation response
      Otmar Issing sees a risk of stagflation if central bank policymakers continue to misjudge factors driving up prices
      Otmar Issing, the first chief economist of the European Central Bank, sounded a warning about the ‘sleeping dragon’ of inflation
      © FT montage/Bloomberg/AFP/Getty Images
      Martin Arnold in Frankfurt yesterday

      Like many Germans, Otmar Issing is alarmed by the surge in inflation to 40-year highs in his country and worried by the “misguided” response of the European Central Bank. But, as one of the founding fathers of the euro, Issing’s complaints carry more weight than most of his countrymen.

      The ECB’s first chief economist when it was created in 1998 said the central bank was suffering from a “misdiagnosis” of the factors behind the surge in prices, having “lived in a fantasy” that played down the danger of inflation spiralling out of control.

      “The ECB has contributed massively to this trap in which it is now caught because we are heading towards the risk of a stagflationary environment,” said the 86-year-old, who is credited with shaping the central bank’s use of money supply measures to decide interest rate policy.

      His criticism that the ECB is being too slow to raise interest rates underscores the fractious debate in Germany and much of the 19-country euro area about how fast it should reverse eight years of ultra-loose monetary policy, including negative rates and €4.9tn of bond purchases.

      After struggling to lift inflation up to its 2 per cent target for the past decade, the ECB is now confronting the opposite problem. Consumer prices have been shooting upwards as the European economy rebounds from the deep recession caused by the pandemic. In March, eurozone inflation hit a new record of 7.5 per cent.

      “Inflation was a sleeping dragon; this dragon has now awoken,” said Issing, speaking to the Financial Times at his home in Würzburg.

      The ECB’s governing council meets this week in Frankfurt to discuss whether to speed up a plan for gradually withdrawing its stimulus by ending net bond-buying in the third quarter. Some of its policymakers argued at its meeting last month for an earlier end to its bond purchases to prepare the ground for raising interest rates this summer.
      …

    2. The Financial Times
      US Inflation
      US inflation expected to have topped 8% in March
      Forecasts bolster expectations Federal Reserve will take more aggressive action to curb surging prices
      Apples on display at a grocery store in California
      Rising food prices are among the factors expected to have pushed inflation in the US to a 40-year high
      © AFP via Getty Images
      Colby Smith and Eric Platt in New York and Lauren Fedor in Washington 3 hours ago

      US consumer price growth is expected to have surpassed 8 per cent in March following a surge in energy and food prices following Russia’s war on Ukraine, bolstering expectations the Federal Reserve will take more aggressive action to curb the highest inflation in 40 years.

      The consumer price index is forecast to have risen 8.4 per cent last month compared with March 2021, a pace last seen in January 1982, according to consensus forecasts compiled by Bloomberg.

      The monthly rise is estimated at 1.2 per cent, the fastest jump since September 2005 and a sharp acceleration from the 0.8 per cent rise registered in February.
      …

      1. If my mental maths are correct, 1.2 percent monthly inflation ain’t 8 percent…more like double digits, for the first time since the 1970s.

        1. Please tell me this is incorrect!

          1.012^12-1 = 15.4%

          At this rate, time for the dollar to lose half its value is about 72/15.4 = 4.68 (4 years 8 months)

        2. since the 1970s.

          If you wish to compare today to 1970, use the CPI calculation that was used then. Or, just multiply by 2 x.

  39. If it’s indeed true that 60% plus “bubble buyers” are regretting their purchases, how many of them are going to be incentivized to stay and try to hang on when/if their budgets get stretched to the limit from inflation, the market crashes and/or layoffs ensue? My money says they’re going to just throw in the towel and cut and run like folks did in 08′.

    Why hang on and fight adversity if you regret buying the that over-priced crap shack in the first place? Short answer: You won’t.

    https://www.prnewswire.com/news-releases/75-of-recent-home-buyers-have-regrets-about-their-new-home-301477283.html

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