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Housing and gas prices fall. Thousands scheduled to take to the streets and protest Trump.



Photo above - AI's response to the prompt "Cage-free child labor at a poultry farm ". Egg prices have dropped recently.

Can I ask a question: when did affordable housing become a “looming threat”? (see link below)

For the past 4 years – maybe longer – pundits (myself included) have roasted our government because of the housing affordability crisis. Some politicians were spurred to action. The Mayor of Washington DC broke ground on a new low income housing project a few months ago. The cost? A startling $1.2 million per apartment. (see my column last week).

Somebody flipped the script, and now the media is hoping we have short memories of good vs evil. Falling housing prices are castigated as a “looming threat”. Because we are sheep and will believe anything?

It’s not just Dallas experiencing falling home prices (the topic of the Daily Mail’s theory that the world is ending..) Here in Tampa home prices are coming down too. I have no basis to say whether housing is more affordable in once city vs the other, however. The Daily Mail's writers must already own their homes, and regard price reductions as a looming threat to making an instant killing when it comes time to sell.

Gas prices are down too. I paid $2.94 a gallon yesterday. The average price in 2024 was $3.30 a gallon. Probably going up next week though, because Israel is carpet bombing Tehran. Big oil and filling station operators never miss an opportunity to capitalize on tragedies.

Eggs are down too. But I don’t credit any Trump or Biden policies for this. My theory is that the chickens which were most susceptible to H5N1 Chinese bird flu are now dead and buried. Poultry farmers can produce a new generation of chickens in 6 weeks. A human generation is defined as 30 years. I hope China isn't cooking up H5N2 or Bat-3 in any of their labs.

Weren’t we supposed to be reeling from “tariff inflation” at this point? I’m not seeing it. Just for fun yesterday (during my first oil change) I priced Honda Civic like the one I bought on November 5th, 2024. It has the same sticker price. Where the heck are the darned tariff markups? I predicted this thing would be at least two thousand bucks higher by now.

This writer freely admits that she has no economic crystal ball. My columns over the past year have attacked the housing crisis, sky high mortgage interest rates, and the average price of a new car skyrocketing to $48,400 in 2024. (full disclosure – I paid $33,600 for my Civic hybrid). And of course, the federal debt, which Trump is trying to send to the moon.

I am thankful I did NOT predict that angry mobs would taking to the streets, torching Waymos, and tossing rocks at police to protest tariff driven inflation. Never in a thousand years would I have dreamed that instead this far left street violence would be triggered by the arrest and deportation of illegal aliens with outstanding warrants.

I’m just sayin’ . . . `

Once-scorching housing market now in free fall: 'Looming threat' |Daily Mail Online
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Israel is not carpet bombing Tehran. It's carrying out surgical strikes to demolish Iran's nuclear program. I know you're trying to be funny but this kind of misrepresentation hurts your other arguments.

The tariffs haven't had an effect because of TACO.

People are protesting the ICE goons picking up restaurant, hotel, and construction workers while ignoring the supposed drug dealers and have man traffickers who are supposedly destroying the country.
@SusanInFlorida The claim they are supplied by Iran is almost entirely "trust me bro" from Bibi.

Whereas there are actual receipts for Israel financial support for Hamas and ISIS.
basilfawlty89 · 36-40, M
@PicturesOfABetterTomorrow she is aware that Iran generally doesn't fund Sunni extremists due to that minor detail of Iran being a Shia theocracy?
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SunshineGirl · 36-40, F
The Daily Mail always considers falling house prices to be an existential threat (its typical British reader is middle aged, middle class, and has made a fortune out of constricted housing supply). Most economists would consider it to be a long overdue correction to the property market, the benefits of which will outweigh the pain.
Elessar · 26-30, M
@SunshineGirl The only effect of that is that you'll have plenty of concrete where it doesn't belong - beaches, river banks, historical centers. Prices won't drop of a single dollar, pound or euro.

Source: look at the Italian housing market after 30yrs of "liberalization"
SunshineGirl · 36-40, F
@Elessar I agree. I think we need a more hybrid housing market with governments and non-profits building alongside the big construction firms to create a more dynamic market focused on all occupiers rather than just profit.

The best way to speed up house building in the UK would be a land tax to discourage corporations from sitting on development land until prices are high.
Elessar · 26-30, M
@SunshineGirl Patrimonial tax. Say these two words to a right-winger and they'll start twitching and rolling on the ground in agony, worse than giving kryptonite to superman 💆🏻‍♂
Discerning · 46-50, MNew
Too many words.
Locke ·
Do you do anything other than foreign news?
Locke ·
@sunsporter1649 Thats still foreign news. Just checking before it’s gone from my feed.
SusanInFlorida · 31-35, F
@Locke sorry if you consider international events borying.
Locke ·
@SusanInFlorida I do. I shall mute you rather than block so I shan’t see your posts but we may still discuss other subjects.
sunsporter1649 · 70-79, M

 
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