Overnight News: Just as with the rigged election, the people most hurt by the ongoing Ant-exodus will have black and brown skin.

Every “news” story about the ongoing Ant-exodus roiling America’s real estate markets attributes the phenomenon to the Coronavirus. This is a lie, of course, as I have been pointing out for months. People who can are racing away from riots, rioters and urban chaos in general.

Folks on the receiving end should rejoice and be glad in it: The new neighbors are Ants, even if they come from Grasshopper towns. Bring in them sheaves: They’re starving for Ant values.

But what about the Ants who can’t race away? What’s going to happen to them?

The people who have moved or are moving are “knowledge workers.” They can work anywhere, and the exsanguination of big cities was accordingly already baked in the cake.

The workers who are left behind use non-laptopian tools on fixed capital. Though they may be better-grounded Ants than the ones who have fled, they cannot leave.

This will not be reported, either, but the hard-working folks left behind to live with the disasters of Grasshopper politics will be “disproportionately” black and brown skinned people.

In other news:

Housing Wire: Mortgage credit, and the coming purchase storm.

CNBC: Mortgage refinance demand plunges 43% from a year ago, as higher interest rates take their toll on borrowers.

New York Post: NYC faces crisis of empty hotels amid COVID pandemic.

Brad Polumbo: Biden just endorsed a law that endangers 57 million jobs.

Joel Kotkin: Climate Policy: Covid on Steroids?

Razib Khan: Empire of Memory, or Empire of Dreams? America still has time to decide which it will be.

Bari Weiss: The Miseducation of America’s Elites: Affluent parents, terrified of running afoul of the new orthodoxy in their children’s private schools, organize in secret.