“A secret to the inherent lovability of dogs: Like all toddlers, we’re terrible at guile.”
So, as everybody knows, the red-hot real estate market that succeeded the demise of George Floyd was caused by the subsequent rioting, not by the pandemic. This is obvious from Redfin’s own charts, and, as noted, they can heat-map price-appreciation by inaccessibility-to-rioters.
Again: The real estate market’s year-long frenzy was caused by the rioting. Ants who no longer had to live near their employers escaped Grasshopper urbanity at its ugliest – most of them never to return.
As if anyone needed proof of this – the truth, by now, is what no one dares to talk about – the real estate market is settling down just as gun sales are doing the same.
There is no election this year, so the remaining rioting is random dingleberrys, operating without political cover or financial support from the Democratic party. The heat is off in the rioted cities, and hence real estate and firearms sales are calming down.
This is even more obvious to Redfin, but they can’t tell the truth. I can.
In other news:
Housing Wire: Mortgage rates plummet to 2.78%.
CNBC: Sales of existing homes rise slightly as more listings finally hit the market.
Redfin.com: What is Dual Agency and How Does it Work? Shoe pinch? Hide and watch. Every Wall Street brokerage will be eaten alive for double-dealing, even as they are eaten alive from within by their Marxist staffers. None so deserving.
Housing Wire: Housing inventory slowly coming back as frenzy fades.
Mike DelPrete: Opendoor’s Mortgage Attach Rate Jumps, But At What Cost?
City Journal: Venice Beach Doesn’t Have a Homelessness Crisis. It has a quality-of-life enforcement crisis.
Kenny Xu: Silicon Valley’s Cynical Treatment of Asian Engineers.
City Journal: The Social Justice Network: Facebook announces sweeping new restrictions on criticism of protected groups.
