Monday, October 31, 2022
M&M pumpkins.
Saturday, October 29, 2022
Thursday, October 27, 2022
Why is everyone okay with these government failures?
I think the thing that makes me the maddest about the past three years is - all this infighting and complete denial have made it so there are ZERO new advancements on SARS.
For instance - it's a marvel there is even an at home test for SARS2. But why are they still 10 bucks a box? And why are they not made in multi packs? The most I can find is 5 tests in a box. You literally should be able to find these anywhere at any time of the year. Including holidays.
We should have been putting money towards a PCR level at home test.
At the VERY least, all testing should be free. This is what a serious nation would do. I mean, I just spent 70 bucks on 10 tests. It's outrageous. Everyone regardless of socioeconomic status, should be able to find out their infection status. And ideally not have to wait 24+ hours for the results.
COVID is a vascular disease.
Wednesday, October 26, 2022
Pigs get slaughtered.
Monday, October 24, 2022
Spotted inland.
Thursday, October 20, 2022
Friday, October 14, 2022
Meta fail.
The death of autonomous cars is greatly over-exaggerated.
Thursday, October 13, 2022
Everyone gets it but the American public.
Long Covid Disables Millions Worldwide, Even as Rates Ease, Study Shows.
"It found that three months after a coronavirus infection, 3.7% of patients had ongoing respiratory problems, 3.2% had persistent fatigue with bodily pain or mood swings and 2.2% had cognitive problems, after adjusting for their health status before Covid."
“The pandemic will raise the baseline risk of disease and disability to a new level,” said co-author Ziyad Al-Aly, chief of research and development at the Veterans Affairs St. Louis Health Care System.
Wednesday, October 12, 2022
No. Herd immunity in any form - was always a lie.
Tuesday, October 11, 2022
It's a long way down from here.
Increasing home prices have pushed equity extraction and driven a remodeling boom.
"Since 2012, home prices have risen continuously, providing borrowers with large amounts of home equity. At the end of the first quarter of 2022, the average borrower had $280,000 in home equity — this is a gain of $64,000 over the past year and $125,000 over the past five years.
High amounts of home equity can not only cushion borrowers from defaulting on their mortgages, but increased equity also provides homeowners with the opportunity to extract equity for debt consolidation and other expenses.
When mortgage rates hit record lows in 2021, many homeowners who wanted to extract equity from their properties opted to refinance their entire mortgage and take the cash out. As a result, cash-out refinance dollar amounts increased by 35% from 2020 to 2021.
Borrowers also increased their use of home equity loans starting in 2021. After decreasing from 2018 through 2020, in 2021, the dollar amount of approved lines of credit reached its highest level since 2007 when it increased by 23%1. <--------
Mortgage rates began increasing in April of this year, and with that increase came a shift in equity extraction. Higher mortgage rates can make cash-out refinances less attractive and make lines of credit more attractive, especially if borrowers hold a mortgage with a very low interest rate. The use of cash-out refinancing increased by just 3% in Q1 2022 compared to a year earlier. However, the use of home equity lines of credit increased by 29%.
A low supply of available homes for sale put upward pressure on home prices and kept many homeowners in their current homes, which, in turn, fueled a remodeling boom. Remodeling expenditures rose to $391 billion in Q1 2022, the largest figure in over 25 years2.
While we forecast continued home price increases, those increases are predicted to slow to 5% by May 2023. This will similarly slow the rate of home equity gains.
Furthermore, the increases in mortgage rates to the highest levels in more than 13 years will make borrowing more expensive and could slow the rate of home equity extraction. However, the already-high amounts of home equity and low supply of homes on the market means that remodeling activity should remain strong through the next year.
For more information on CoreLogic’s perspective on the property market, please subscribe to our channel, like this video and visit our blog. See the link below."
Banks say the funniest things.
Monday, October 10, 2022
Negative equity is back.
Both houses were time capsule houses. Which is my term for a house that is original to the year it was built. This means it basically needs a gut. It literally needs everything because it's never been updated in any way.
If the flip house sells for that they are asking, my neighbor across the street will be 100 grand in negative equity. That's not even accounting for all the money they have put in to bring it back to life. And that flip house is not going to get asking. Not in this market.
I've gutted a house before, and have an idea how much that costs. That flipper might get out flat if he gets asking. Otherwise...... not so much.
It doesn't matter who your Presidential candidate is - printing the kind of money they did during the pandemic was wrong. Trump built this enormous fire and everyone co-signed apparently. Biden only poured a small amount of gas on it. Trump made it so the banks could not foreclose or evict people. Distorting the market and causing people to pay insane prices just to get into a house. People went out with their pandemic
Hell, if my neighbor across the street had waited SIX months, they could have gotten a house that was 500 square feet bigger. Which is completely updated now, for 100 grand less!
Now innocent people are going to pay.