Overnight News: Ants are to have been devoured by Grasshoppers? No. Ants are to have been vaporized by nukes.

The surge in sales of fee-simple suburban housing and the bonanza in sales of firearms and ammunition have marched together in lockstep since George Floyd socialized his self-destruction. This is the truth the real estate press won’t tell, but both housing and guns sales over the past year were driven – hugely – by the riots the mainstream media lied about for them.

But that marriage may be over. Slow Joe Biden announced yesterday that the Ruling Class will use fighter jets and nuclear weapons, if necessary, to sustain its dominance. That’s going to sell a lot of guns and ammo, but I cannot imagine what it will do to the housing market. More of the same? That’s a safe bet, since – ‘when in danger or in doubt’ – a flight to safety is more about the flight than the ultimate safety.

But the great thing about having an addlepated wreck as “president” is that he can’t keep Marxism’s secrets: Grasshoppers hate Ants more than anything else on earth. Should the Ants come to realize that despoliation today means extermination tomorrow – and should they resist – they are to be vaporized.

Consent of the governed? Not so much…

In other news:

Housing Wire: New home sales fall to lowest pace in a year.

CNBC: You can now choose and design a newly built home and put it in your shopping cart, as big builders launch virtual homebuying.

Andrea Widburg: California’ Marin County is seeing the return of the NIMBYs.

Housing Wire: Supreme Court finds FHFA structure unconstitutional. Appropriate. Now do CFPB.