May 29, 2023

Home prices dropping hard in Democrat-ruled U.S. cities


One of the things you can count on is that when anything happens that might possibly be bad for the ruling Democrat party, you'll always read about it on overseas sites first.  U.S. Media will sit on the story until the Democrats have time to figure out how to spin it to make it look either utterly unimportant--so pay no attention to it--or to make it look like a GREAT thing for the Democrats.

Oh, I hear some of you saying that's just crazy talk!  Our beloved, trusted Media would NEVAH do something like that!  Dey totally unbiased and honest!  Reeally!"

 Really?  Take a look at this headline:

Nine U.S cities where home owners are losing THOUSANDS on their house values: Median sale price in San Francisco drops a staggering $220,000

Wow, that should be bad, eh?

Home prices drop up to $220,000 in San Fran, but who's worried, eh?  No one wants to leave the area unless they have to to keep their job.  So sales are anemic.  But who cares if you don't have to leave, right?

Housing markets in Democrat-ruled cities are seeing historic home-price declines. For the entire nation the median home sale price dropped nearly $18,000 from a year earlier--the biggest drop on record. 

The percentage drop--4 percent--was the largest drop since January 2012 (during the nationwide "mortgage meltdown, courtesy of Obozo).  April marked the third consecutive month of year-over-year declines.  The Oakland, CA metropolitan area saw the biggest dip (-16.1% or $174,500 from a year earlier), followed by Austin, TX (-15.3% or 85,000), Boise, ID (-15.1% or $80,000), and San Francisco (-13.4% or $220,000).

Democrat/liberal: "Dis not true!  Dis FAKE NEWZ!"

Ohh-kay sparky.  Take that up with an outfit called Redfin, which compiles those stats.  But maybe some eevil conservative bought control of Redfin and is faking the numbers to hurt biden, eh?  Yeh, dat's it.

No, it's not.  I'm 40 stories into a google search for "redfin home sales report last week," and the closest google comes to anything like a mainstream media story on it is from CNBC.  Every other story is in a trade or investing mag.  The Mainstream Media has totally blacked this out.

Gosh, that's....odd.  You'd think such a big drop in sale price of homes would be a well-covered story, wouldn't ya?  But for some reason none of the Mains said a word.  Think about that.

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