This borrowed delusion is coming to an end.

It is time to embrace the suck. Republicans need to not eff this up like they normally do.  It would be nice they they showed they are anything besides the anti mask party. That is NOT a political platform. 

Things are going to get interesting now because career politicians don't know how the world works. Trump printed a shit ton of money that has now almost worked it way through the system, and controlling this to the downside is going to be ..... interesting. Biden is not sharp, and Kamala is a vacuous woo girl.

Housing WILL be going into decline. Price cuts are already starting. I thought I would show you this 1200 square foot house in my city that sold for MORE than 150k over asking. When houses this size are going for a million bucks...... what do you think happens? 

All of those moronic posts about hyperinflation will soon disappear. Durable goods are already in decline. 

It is also my opinion that a lot of the people still out of work in California are commercial construction workers. And before people get all high and mighty about the last year - settle down because you are going to get a hard pass on forcing people back into offices and hours long commutes. 

Having said that - there are people on long leases that want people back in the office. It's going to take some time to rebalance these two needs. Consolidation WILL happen though. Anyone with an upcoming lease renewal is at risk.

Don't care.

Goat therapy.

I'm going to be in my feels for a little while. I finally lost my Aunt. She was my last remaining blood relative. I'm an only child. My Aunt lost both of her children in tragic accidents. The older one in a car accident, and the other to fire.  

It's sort of hard to admit to myself, and now the world that, I don't think my mother really loved me. She was not even 13 when she had me. But my Aunt loved me enough for both of them.

I guess I wasn't quite prepared to have no blood relatives at this age. Usually this happens to people much older than me. 

(I have turned comments off, because Im not sure I'm that really ready to talk about this)

Who would have guessed that a pipeline was the thing to kill the crypto bubble. I think it was at that moment the government decided - ENOUGH. The hackers got 90 million in bitcoin. Right? 

There is no way the government was going to keep letting pipelines keep getting ransomwared.

Tell me how this works again?

See... my take away from this article is a bit different. It's just crazy how everyone just treats this as normal. It is not. It took YEARS for housing to go up that much during the housing bubble. I'm guesstimating about four. This is insanity on levels I don't understand.

And the frustrating thing is that the government printed so much money, which in turn caused this. Then, they of course are going to have to raise interest rates, and BOOM. 

 Maybe people do listen. My dogecoin buddy was asking about tax implications today.

Previews.

 

It's sort of Christmas in nearly summer at Che Snarkolepsy. 

Now comes the interesting dance of trying to get 3D content. Mr. S. still has his Hydrogen phone. But they never made it out of Gen 1. Now that it's a couple of years old it's pretty rough.

I have an old Google Tango phone, but very few of those ever got to the public and if I drop it I would be sad.

Do the iPhones take 3D pictures or video? Just curious.

Proof there is no hope for humanity.

What does it say about me that the biggest problem I have with this hacker group that took over a pipeline is that they didn't even spell the name creatively. I would have gone with darksied.

Full casino.

Last week a guy I know told me he turned 4 grand into 150 grand with Dogecoin. 

Of course I told him this was the most dangerous market I'd ever seen. I'm like - "it's based on nothing - right?"

He says - yeah. But money is money.

I tell him to keep his stops tight. But I know he doesn't have any stops. These people are just flat out gambling. Because if you had four grand to invest, why would you put it in Dogecoin rather than something that wouldn't vaporize tomorrow.

Things I wish old people knew.

Why is it when you do a good deed for someone - they always turn out to be an energy vampire? They will literally "one more thing" you to death. And you wish you'd never made the effort in the first place.

So, when you get old - don't make younger people regret entering your orbit. If they do something nice for you - don't make yourself like getting duct tape off in a wind storm. Be brief. It might make them want to do something nice again. 

Instead it turns into some hostage situation where you are trying to find any exit. AND you run the other way next time you see them.

That is all.

Remember when this used to matter?

 

This is what those idiots voted for. Never Trumpers are included in this BTW. 

It truly is odd that I don't hear one single complaint about gas prices right now. Everyone has unlimited money I guess. I imagine all those service workers are getting kicked in the nards.

Unmarked.

 

It's been a while since I've seen a rig. It has at least two Velodyne pucks. No branding at all.

Nothing to see here.

Hurricane season should be fun.

I sure hope everyone doesn't decide to sell at once.

Janet Yellen's Flip-Flop And What She's Really Telling Us. 

"The Fed is boxed into a corner. Powell knows it. Yellen knows it..."

I'm hoping that Trumps' plan was to spend all the money he could, so the other side couldn't. Having said that - I am none too happy with the demand he has pulled forward. The government is always juicing shit, and Trump juiced what he knew. Real Estate.

I rather love articles right now saying how this time is different. We've been underbuilding since the housing crisis, so there is no way housing prices can fall. We aren't in a bubble they write confidently. Prices are just going to keep accelerating.

I am the queen of "population increases will eat this supply up"! All through the housing recession I wrote article after article about this. Having said that - don't listen to journalists. They can't do math. Which is also why they can't learn to code BTW. 

 

Source.  Hit the max button as the link back doesn't.

This is the historical chart for house price appreciation. You don't want to be those people who bought where that pink arrow is. Unless you are fond of buying high and selling low.

Housing basically hit a peak in Spring of 2019 and was somewhat languishing. It picked up a bit in the winter of 2019, but it wasn't until March of 2020 that things became super accelerated. And it has been absolutely gob stopping. Housing prices up almost 18% in Nevada despite almost no one working.

And if you didn't believe housing prices hadn't fully recovered before 2020 - you should read this article I ran across a couple of days ago.

‘Zombie’ Mortgages Come Back to Haunt Property Owners after Great Recession.

As I understand it - people who defaulted on their second mortgages in the housing crisis are now back on the hook. In all the previous years, it was unprofitable to go after them. Buuuuuuut! Since we are now in a housing boom (said in the most sarcastic way) they are. I don't know how many people this affects, but wow.

Now, I have been lucky in the pandemic. I already had a long time renter. But the stories I'm starting to read about other people send shivers down my spine. For small landlords, sure the bank isn't foreclosing on them - but those people count on rent money to survive!

Last week my property manager sent out an email saying "We have also seen a change in resident mentality. With the eviction moratorium and other COVID-19 related tenant protections in place, some residents feel that paying rent is more like a favor and less like an obligation."

I have already started to see an increase in multifamily properties. Which is unusual. But these landlords have to be just wrecked. Dealing with the bank and tenants. And the government trying to make it so you are bankrupted. I know they just overturned the eviction moratorium, so maybe now we get to see what reality looks like. Those people who bought at the pink arrow above are probably going to be shocked at just the return to the mean prices. 

I should go back through my posts because if I recall correctly things were sitting on market for about 3-4 months before the pandemic hit, with price REDUCTIONS. Then all of a sudden they were going 300k over asking. Cause everyone thinks that's normal.

Finally, the reason I titled the article this way is because - housing prices are very good. If I haven't been working I can still sell my place and find relief. I'm sure this is on a lot of people's mind. And already I'm noticing a lot of inventory coming on. 

My bet is that when all that money printing fades we are going to be back in a much worse situation. Today they starting talking about the debt ceiling and I was like - THERE IS A CEILING?!? Cha.

Pretty awkward to have a 12 year old talk to me about real estate today.  

This kid knew how much a house (in a nice neighborhood) in the town he lives in Oregon cost. 

The whole time I'm like - I don't even know what to say to this kid other than, you are pretty advanced for your age.

It occured to me today that Gavin Newsom has to make it through a drought of a summer, and he's still going to win because Republicans put up the most unlikeable rediculous candidates. I might vote Mary Carey. I think it's her time.

I'm already reducing my fire danger and picking my bug out hotel for when the power outages hit! Add savvage drought to your bingo card, cause we here. There is no chance to make up now. Farmers are going to get zero water. We will get to see how much progress the utilites made in isolating grids. People are going to be fighting mad if they shut of power this year. Mark my words.

Just put up anyone sane Republicans. ANYONE. For gawds sakes.

It's frustrating how intellectually dishonest people are right now.

Watch Live: Fed Chair Powell Trying To Explain How The Fed "Knows" Inflation Will Be "Transitory".

Powell knows, because I'm pretty sure he is aware we aren't going to be able to just print 4 trillion dollars every fucking year. It took President Money Bags Obama 8 YEARS to print that much money. And I'm actually being generous. He only printed 3 Trillion.

In a pay for click world, you can plug out complete vapid bullshit. Zero Hedge knows this. Next month he will be on about how we knew inflation would never take hold. Such phoney morals. So... when we plow through that money, we are going to hit an air pocket. Because it's completely normal for houses to go up 20-24% in one year.

It used to take ten years for your house to double. Then in the housing crisis it went to 12/14 years. Now houses double in 5 years?! STFU.

You don't win elections by being worse than the other side.

Last night, clips from Tucker Carlsons show started coming through my feed. And normally I wouldn't have watched it, but he was telling people to confront "us Zealots" and call CPS on children wearing masks because it's child abuse.

I thought to myself - this has to be what Jews feel like when people compare everything to the holocaust. Because, if people think having a child wear a mask is child abuse, you seriously have no understanding of what child abuse is. I also think you might need to seek therapy. And not in a snarky way. In a very genuine, DEEP, you need to do some serious self reflection kind of way.

I do. I was in a children's shelter for 30 days. And you can assume by how long my stay was - it was a pretty serious matter. I was a ward of the court from the time I was seven years old until I became an adult at 18.

To invite a government bureaucracy into peoples lives (especially this one!) is next level fucked up. You can never get this particular agency out of your life. There is no moral equivalency to being harassed in a supermarket. Although I don't understand why anyone spent any time on people who don't want to wear a mask. This is genuinely a self resolving problem. CPS is one of those agencies that once you are in it, they are a part of your life almost forever. 

Additionally as I got older I grew to feel that being removed from my home was almost as traumatic as what got me there in the first place. They yank you out of school and then you have to live in a mini jail for 30 days. You are removed from everything you know. So I would say I'm fairly triggered.

All I know is that the more Republicans become everything they claim to hate - we are gonna lose elections. Republicans need to stop this shit.

Focuses the mind.

Summer is apparently canceled. Everything I planned for the summer is getting rescheduled till the fall.

About a month ago I had to sign my first liability waiver to start attending conferences again. Which basically said I hold the venue harmless. But today I had to sign another one which was a bit more direct. 

Maybe they thought no one would sign up for these things yet. I think they just wanted to say - we aren't sure you understood us. You could die. I mean, I think this is how this whole thing got started was from one medical conference. Right? These are the ultimate super spreader events. 

This is the first line:

"I assume all risks and accept sole responsibility for any injury (including, but not limited to, personal injury, disability, and death), illness, damage, loss, claim, liability, or expense, of any kind, that I may experience or incur in connection with my participation. 

I hereby release, covenant not to sue, discharge, and hold harmless Questex LLC, its employees, agents, and representatives, of and from any such claims, including all liabilities, claims, actions, damages, costs or expenses of any kind arising out of or relating thereto."

It goes on to say:

Specifically relating to the global COVID-19 pandemic, I acknowledge the contagious nature of COVID-19 and voluntarily assume the risk of exposure or infection by my participation, and that such exposure or infection may result in personal injury, illness, permanent disability, and death. I understand that the CDC, local Health Departments, and other public health authorities still recommend practicing social distancing, and in furtherance thereof Questex has put in place preventative measures to reduce the spread of COVID-19 during the live conference at the event. I agree to comply with such measures in order to better protect both myself and others, and to help reduce the overall spread of the virus.

Then it goes on to list a few rules that people are just going to comoletely lie about. Like not coming if you have recently been exposed.

Yesterday a guy I know walks up to me and says " So and So's brother was in the hospital for five days after the J&J jab.

I was completely stunned because the shot has been on pause for a while.

I finally mutter - is he okay? He says, no. He's still having neurological problems. I then ask if he's still in the hospital, and he says no.

Then I asked when he got the shot. Because as I said, it's been paused for a while. 

He said he got it two days before they shut it down.

I haven't been able to talk to the other guy yet. So this is speculation. Innuendo. Hearsay. Rumor mill. But wow - I wish I never heard that story. 

For the record I am neither anti vax, or pro vax. I think I'm scaretyvax.  When I see there aren't many problems I feel better, and when I hear more problems I feel less better.