Watch The X22 Report On Video
No videos found
Click On Picture To See Larger Picture
The real estate market is falling apart in CA, just like everything else. The people are leaving because of the agenda of the [DS]/corrupt politicians. The Fed has accelerated their plan and the agenda is a controlled demolition of the economy. Evidence is being revealed that the FBI and other agencies were and still are involved in censoring the American people, election fraud and medical fraud and much more. The drips are coming out faster and faster now. The [DS] is panicking and they are going after Trump to try to shut this all down. They fell right into the trap. How do you legally introduce evidence into an investigation. Trump re-truths a video about military tribunals, is he hinting that this is the direction we are headed?
(function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");
Economy
San Francisco & Silicon Valley Housing Markets Puke Huge Price Drops, as Startups, Crypto, Tech, Social Media Make Total Mess
In California overall, prices dropped year-over-year, as sales collapsed, supply more than doubled.
San Francisco and Silicon Valley are now in the solid leadership role of the housing bust playing out in California with sales collapsing and prices heading south from the peak in April at an astonishing pace.
Vacant office space that is on the market for lease and sublease continues to balloon, while landlords have started to file for huge reductions in assessment values to lower their property taxes, which is going to cut revenues further.
In San Francisco.
The median price of single-family houses sold in November in San Francisco plunged by 11.4% from October to $1.50 million, and by 27% from the peak in April, according to the California Association of Realtors. A nasty-looking chart:
Condo prices plunged by 4.3% from the prior month, to $1.15 million, and by 9.5% year-over-year. Since the peak in April, the median condo price is down by 15.5%. Condo sales in November have collapsed by 49%.
Seasonally, the lowest months are December and January. So that’s still to come.
In all of California.
Sales of single-family houses in California collapsed by 47.7% in November, compared to a year ago, the biggest decline since 1980, according to the California Association of Realtors. Condo sales collapsed by 46%.
Unsold inventory more than doubled year-over-year to a supply of 3.3 months, and days on the market also more than doubled – before sellers pulled the unsold homes off the market again.
For all of California, the median price of single-family houses plunged another 3.0% in November from October, which pushed the price down year-over-year (-0.6%). The median condo price fell 2.1% in November from October, which whittled down the year-over-year gain to just 2.7%.
Source: wolfstreet.com
https://twitter.com/elonmusk/status/1605009088043454465?s=20
Political/Rights
Omnibus includes $2.5M for residential security for senators
The bill states that $2.5 million shall be provided to the Office of the Sergeant at Arms and Doorkeeper of the Senate for a residential security system program that is to remain available until the funding is exhausted. The sergeant at arms and doorkeeper is the protocol and chief law enforcement officer and principle administrative manager for the Senate.
The residential security funding comes almost two months after a man broke into the San Francisco residence of House Speaker Nancy Pelosi (D-Calif.) and her husband, Paul. Nancy was not at the house at the time, but Paul was severely beaten with a hammer.