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Sales Up, Size Down for $1 Million Homes

The typical million-dollar home has shrunk in size across nearly all major metropolitan areas
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  • Compared to before the pandemic, the typical $1 million home today is smaller, older and has fewer bathrooms in many markets.
  • The number of homes that sold for at least $1 million this spring more than doubled compared to before the pandemic.
  • The typical million-dollar home has shrunk in size across nearly all major metropolitan areas, and it shrank the most in Phoenix and Nashville.

The pandemic saw the hottest housing market in recent history, with annual home value growth surpassing 20% and for-sale inventory levels reaching historic lows. One result of these abnormally hot conditions is that homes are selling for more than $1 million much more often, while the typical million-dollar home looks a lot different than it did heading into the pandemic. 

Single-family homes in the million-dollar range [1]| that sold in the second quarter of 2022 are noticeably different from homes that sold in the same price range in the years preceding the COVID-19 pandemic. Today's million-dollar homes have undergone shrinkflation, possessing a much smaller footprint than the million-dollar homes of 2019. They also have fewer bathrooms and are older overall.

This effect is stronger in some metropolitan areas than others, like Phoenix, Austin, Los Angeles, and San Diego , where homes have had some of the largest drops in square footage and the number of bathrooms over the past three years. But in St. Louis and Minneapolis, the typical million-dollar home grew.  

Shrinkflation

Persistent market competition, even for the highest-priced homes, meant that those shopping in this price range experienced shrinkflation, as the same $1 million bought less home. The median square footage of a million-dollar home in the second quarter of 2019 was 2,900 square feet, and this size was actually increasing leading into the pandemic. It has since plummeted, reaching new lows in 2022. As of the end of June, the median square footage of a million-dollar home sits at 2,624 square feet, a 9.5% decline from three years prior.

New listings for all homes have had a hard time keeping pace with past years during the pandemic and that continues to be the case – through June, 27.5% fewer listings have come on the market compared to the first half of 2019. Fewer homes have been listed for around $1 million, making the competition for these homes fiercer. The median square footage of those listings has shrunk as well, forcing many home shoppers in this price range to settle for homes with a smaller footprint.

The typical million-dollar home has shrunk across nearly all major metropolitan areas where data is available. While the decline was less than 300 square feet for the nation as a whole, other markets such as Phoenix saw the median size of its million-dollar homes drop more than 1,000 square feet, from 4,049 square feet in 2019 to 2,933 this past quarter. Nashville, which, like Phoenix, experienced an especially hot pandemic housing market, saw the typical million-dollar home drop from 4,200 square feet to 3,181. There were only two metros where the size of a million dollar home increased – Minneapolis and St. Louis. While the spatial gains in Minneapolis are minimal at only 36 square feet, St. Louis' median million-dollar home gained 406 square feet, about a room and a half.

Bathrooms were the biggest casualty of this square footage loss. Only four of the observed metros saw the median million-dollar home maintain the same number of bathrooms compared to 2019. The rest lost at least the powder room. Denver and Minneapolis were the biggest losers, losing a bathroom and a half in their million-dollar homes. 

Nationally, the typical million-dollar home purchased is also older today than it was in 2019, and much older in some markets. In St. Louis, the typical million-dollar home that sold in Q2 2022 was nearly 23 years older compared to 2019. Las Vegas and San Diego million-dollar homes aged 16 years over the same timeframe. In Austin, despite having a hot pandemic market, the typical million-dollar home actually got younger, from 22 years old in 2019 to 16 years this past quarter. This is potentially due to the high level of new construction homes that builders built during the pandemic to keep up with intense demand, bringing down the median age of homes in the area.

The youngest million-dollar homes are in Raleigh, where the homes were typically built only 15 years prior. Other Southern and Midwestern metros dominate the top of the list for youngest million-dollar homes, largely due to the space available for new construction to add this new inventory. To contrast, the oldest million-dollar homes are in the far denser markets of the Northeast and California, with Providence and New York having typical million dollar homes nearing the age of retirement. 

Mansion sales are up

Overall home sales were elevated during the pandemic, but have slowed in recent months as the market begins to rebalance. This is because as prices and mortgage rates increased, housing affordability fell, pushing many potential home buyers to the sidelines. However, the volume of homes that sold for $1 million or more is still on the rise, having more than doubled since 2019 As a result, the share of single-family homes that sold for $1 million or more has increased from 2.7% in Q2 2019 to 6.4% in Q2 2022. 

So if overall home sales have fallen, why haven't home sales fallen in the $1 million or more range? First, higher home prices naturally means more homes, regardless of size, were pushed into the $1 million club. Second, those with means to buy a home for more than $1 million may be less sensitive to rising prices.

Some of the markets that experienced the fastest home value growth during the pandemic saw the volume of $1 million or more home sales more than double. In Austin, where home values were up 18.3% year-over-year as of July, the number of $1 million or more home sales increased by 220% from Q2 2019 to Q2 2022. Tampa is another hot market and $1 million or more sales similarly tripled in that time. In fact, the only metro that saw a decline in the share of transactions with a $1 million or more price tag was Boston, where the share declined by 32%. Boston was also a market that saw lower home value growth compared to other markets during the peaks of appreciation over the past two years.

Current State of Affairs

What do million-dollar homes look like across the nation's biggest markets? Regardless of where you live, you can be confident that your $1 million will get you at least three bedrooms, two bathrooms, and just shy of 1,400 square feet. That floor is set in San Jose where the typical million-dollar home had the above characteristics, amounting to a whopping $715 per square foot. For context, a typical home in San Jose was approaching $1.8 million for single-family homes in June, so a mere $1 million home is a great deal less expensive.

On the other end of the scale is Hartford, where the typical million-dollar home had four bedrooms, about four bathrooms, and boasted a spacious 4,873 square feet. That is more than triple the size of a million-dollar home in San Jose, and amounts to $205 per square foot. Indianapolis provides spacious accommodations for those with means as well. The typical million-dollar home there features five bedrooms and 4.5 bathrooms. While slightly smaller than the million-dollar homes in Hartford, 4,788 square feet is still plenty of room compared to much of the country. 

Metro Median Age Bathrooms Bedrooms  Median Sq. Ft.   Number of $1M+ Sales   ZHVI 
Atlanta, GA 24 4.5 5           4,130           1,426  $385,510
Austin, TX 16 3 4           2,930           1,228  $599,196
Baltimore, MD 23 4 4           3,550              517  $383,987
Boston, MA 39 2.5 4           2,745              948  $690,721
Charlotte, NC 19 3.5 4           3,790              697  $390,812
Chicago, IL 27 3.5 4           3,375           1,586  $319,284
Cincinnati, OH 27 4.5 4           4,514              103  $269,030
Columbus, OH 22 4 4           3,467                97  $313,487
Dallas-Fort Worth, TX 16 4 4           3,818           1,767  $399,198
Denver, CO 28 2.5 4           3,083           1,944  $666,996
Detroit, MI 25 4 4           3,700              249  $241,982
Hartford, CT 23 4.25 4           4,873                76  $343,367
Houston, TX 18 3.5 4           3,831           1,215  $314,000
Indianapolis, IN 18 4.5 5           4,788              149  $273,346
Jacksonville, FL 19 3.5 4           2,898              447  $376,400
Kansas City, MO 16 4.5 5           4,529              230  $288,415
Las Vegas, NV 19 3 4           3,339              543  $470,251
Los Angeles-Long Beach-Anaheim, CA 59 2 3           1,644         11,267  $983,708
Miami-Fort Lauderdale, FL 33 3 4           2,617           3,222  $531,575
Minneapolis-St Paul, MN 25.5 2.5 4           3,797              577  $384,855
Nashville, TN 17 3.5 4           3,181           1,219  $457,477
New York, NY 60 3 4           2,500           4,862  $623,403
Oklahoma City, OK 17.5 4.5 4.5           4,677              110  $217,740
Orlando, FL 17 4 5           3,671              527  $409,911
Philadelphia, PA 26 3.5 4           3,510              788  $341,182
Phoenix, AZ 23 3 4           2,933           2,191  $489,518
Portland, OR 27 3 4           2,886              960  $598,502
Providence, RI 62 2.5 4           2,944              217  $460,123
Raleigh, NC 15 4 4           3,772              376  $464,323
Richmond, VA 37 3 4           2,967              296  $332,470
Riverside, CA 23 3 4           2,820           1,417  $594,380
Sacramento, CA 27 3 4           2,641              976  $624,938
Salt Lake City, UT 37 2.5 5           3,561              327  $634,362
San Antonio, TX 16.5 3.5 4           3,830              259  $339,578
San Diego, CA 43 2.5 3           1,835           3,162  $971,947
San Francisco, CA 54 2 3           1,636           8,634  $1,552,180
San Jose, CA 49 2 3           1,399           3,588  $1,769,490
Seattle, WA 36 2 3           2,160           4,850  $823,473
St. Louis, MO 50 3.5 4           4,108              195  $247,784
Tampa, FL 30.5 3 4           2,690              783  $395,925
United States 31 3 4           2,624         90,110  $353,949
Virginia Beach, VA 21 4 4           3,500              159  $331,766
Washington, DC 35 3.5 4           2,572           3,829  $583,464

The change in million-dollar home sales from pre-pandemic to Q2 2022 show that even wealthy home buyers have not been immune to the effects of a hot housing market, as they have lost space and are paying for older homes than they did three years ago. However, recent Zillow research indicates that home sales in the most expensive third of the market may be slowing down faster while demand for homes in the least-expensive tiers stays strong, perhaps making it a better time for those with means to buy. Buyers who have regained some negotiating power may find it easier to strike a deal for a larger home that has that extra powder room heading into the third quarter.

 

[1] Homes that sold in the range of $950,000 to $1,050,000

 

Methodology

Million-dollar homes are defined as single-family homes that sold between $950,000 and $1,050,000. Condominiums are excluded to better control for composition of homes across markets. $1 million or more homes are defined as single-family homes that sold for at least $1,000,000.

Additionally, metropolitan areas that had fewer than 30 million-dollar home sales in a quarter are excluded from the analysis, due to limited observations to draw trends from.

The post Sales Up, Size Down for $1 Million Homes appeared first on Zillow Research.

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Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The…

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Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The U.S. Department of Veterans Affairs (VA) reviewed no data when deciding in 2023 to keep its COVID-19 vaccine mandate in place.

Doses of a COVID-19 vaccine in Washington in a file image. (Jacquelyn Martin/Pool/AFP via Getty Images)

VA Secretary Denis McDonough said on May 1, 2023, that the end of many other federal mandates “will not impact current policies at the Department of Veterans Affairs.”

He said the mandate was remaining for VA health care personnel “to ensure the safety of veterans and our colleagues.”

Mr. McDonough did not cite any studies or other data. A VA spokesperson declined to provide any data that was reviewed when deciding not to rescind the mandate. The Epoch Times submitted a Freedom of Information Act for “all documents outlining which data was relied upon when establishing the mandate when deciding to keep the mandate in place.”

The agency searched for such data and did not find any.

The VA does not even attempt to justify its policies with science, because it can’t,” Leslie Manookian, president and founder of the Health Freedom Defense Fund, told The Epoch Times.

“The VA just trusts that the process and cost of challenging its unfounded policies is so onerous, most people are dissuaded from even trying,” she added.

The VA’s mandate remains in place to this day.

The VA’s website claims that vaccines “help protect you from getting severe illness” and “offer good protection against most COVID-19 variants,” pointing in part to observational data from the U.S. Centers for Disease Control and Prevention (CDC) that estimate the vaccines provide poor protection against symptomatic infection and transient shielding against hospitalization.

There have also been increasing concerns among outside scientists about confirmed side effects like heart inflammation—the VA hid a safety signal it detected for the inflammation—and possible side effects such as tinnitus, which shift the benefit-risk calculus.

President Joe Biden imposed a slate of COVID-19 vaccine mandates in 2021. The VA was the first federal agency to implement a mandate.

President Biden rescinded the mandates in May 2023, citing a drop in COVID-19 cases and hospitalizations. His administration maintains the choice to require vaccines was the right one and saved lives.

“Our administration’s vaccination requirements helped ensure the safety of workers in critical workforces including those in the healthcare and education sectors, protecting themselves and the populations they serve, and strengthening their ability to provide services without disruptions to operations,” the White House said.

Some experts said requiring vaccination meant many younger people were forced to get a vaccine despite the risks potentially outweighing the benefits, leaving fewer doses for older adults.

By mandating the vaccines to younger people and those with natural immunity from having had COVID, older people in the U.S. and other countries did not have access to them, and many people might have died because of that,” Martin Kulldorff, a professor of medicine on leave from Harvard Medical School, told The Epoch Times previously.

The VA was one of just a handful of agencies to keep its mandate in place following the removal of many federal mandates.

“At this time, the vaccine requirement will remain in effect for VA health care personnel, including VA psychologists, pharmacists, social workers, nursing assistants, physical therapists, respiratory therapists, peer specialists, medical support assistants, engineers, housekeepers, and other clinical, administrative, and infrastructure support employees,” Mr. McDonough wrote to VA employees at the time.

This also includes VA volunteers and contractors. Effectively, this means that any Veterans Health Administration (VHA) employee, volunteer, or contractor who works in VHA facilities, visits VHA facilities, or provides direct care to those we serve will still be subject to the vaccine requirement at this time,” he said. “We continue to monitor and discuss this requirement, and we will provide more information about the vaccination requirements for VA health care employees soon. As always, we will process requests for vaccination exceptions in accordance with applicable laws, regulations, and policies.”

The version of the shots cleared in the fall of 2022, and available through the fall of 2023, did not have any clinical trial data supporting them.

A new version was approved in the fall of 2023 because there were indications that the shots not only offered temporary protection but also that the level of protection was lower than what was observed during earlier stages of the pandemic.

Ms. Manookian, whose group has challenged several of the federal mandates, said that the mandate “illustrates the dangers of the administrative state and how these federal agencies have become a law unto themselves.”

Tyler Durden Sat, 03/09/2024 - 22:10

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Are Voters Recoiling Against Disorder?

Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super…

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Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super Tuesday primaries have got it right. Barring cataclysmic changes, Donald Trump and Joe Biden will be the Republican and Democratic nominees for president in 2024.

(Left) President Joe Biden delivers remarks on canceling student debt at Culver City Julian Dixon Library in Culver City, Calif., on Feb. 21, 2024. (Right) Republican presidential candidate and former U.S. President Donald Trump stands on stage during a campaign event at Big League Dreams Las Vegas in Las Vegas, Nev., on Jan. 27, 2024. (Mario Tama/Getty Images; David Becker/Getty Images)

With Nikki Haley’s withdrawal, there will be no more significantly contested primaries or caucuses—the earliest both parties’ races have been over since something like the current primary-dominated system was put in place in 1972.

The primary results have spotlighted some of both nominees’ weaknesses.

Donald Trump lost high-income, high-educated constituencies, including the entire metro area—aka the Swamp. Many but by no means all Haley votes there were cast by Biden Democrats. Mr. Trump can’t afford to lose too many of the others in target states like Pennsylvania and Michigan.

Majorities and large minorities of voters in overwhelmingly Latino counties in Texas’s Rio Grande Valley and some in Houston voted against Joe Biden, and even more against Senate nominee Rep. Colin Allred (D-Texas).

Returns from Hispanic precincts in New Hampshire and Massachusetts show the same thing. Mr. Biden can’t afford to lose too many Latino votes in target states like Arizona and Georgia.

When Mr. Trump rode down that escalator in 2015, commentators assumed he’d repel Latinos. Instead, Latino voters nationally, and especially the closest eyewitnesses of Biden’s open-border policy, have been trending heavily Republican.

High-income liberal Democrats may sport lawn signs proclaiming, “In this house, we believe ... no human is illegal.” The logical consequence of that belief is an open border. But modest-income folks in border counties know that flows of illegal immigrants result in disorder, disease, and crime.

There is plenty of impatience with increased disorder in election returns below the presidential level. Consider Los Angeles County, America’s largest county, with nearly 10 million people, more people than 40 of the 50 states. It voted 71 percent for Mr. Biden in 2020.

Current returns show county District Attorney George Gascon winning only 21 percent of the vote in the nonpartisan primary. He’ll apparently face Republican Nathan Hochman, a critic of his liberal policies, in November.

Gascon, elected after the May 2020 death of counterfeit-passing suspect George Floyd in Minneapolis, is one of many county prosecutors supported by billionaire George Soros. His policies include not charging juveniles as adults, not seeking higher penalties for gang membership or use of firearms, and bringing fewer misdemeanor cases.

The predictable result has been increased car thefts, burglaries, and personal robberies. Some 120 assistant district attorneys have left the office, and there’s a backlog of 10,000 unprosecuted cases.

More than a dozen other Soros-backed and similarly liberal prosecutors have faced strong opposition or have left office.

St. Louis prosecutor Kim Gardner resigned last May amid lawsuits seeking her removal, Milwaukee’s John Chisholm retired in January, and Baltimore’s Marilyn Mosby was defeated in July 2022 and convicted of perjury in September 2023. Last November, Loudoun County, Virginia, voters (62 percent Biden) ousted liberal Buta Biberaj, who declined to prosecute a transgender student for assault, and in June 2022 voters in San Francisco (85 percent Biden) recalled famed radical Chesa Boudin.

Similarly, this Tuesday, voters in San Francisco passed ballot measures strengthening police powers and requiring treatment of drug-addicted welfare recipients.

In retrospect, it appears the Floyd video, appearing after three months of COVID-19 confinement, sparked a frenzied, even crazed reaction, especially among the highly educated and articulate. One fatal incident was seen as proof that America’s “systemic racism” was worse than ever and that police forces should be defunded and perhaps abolished.

2020 was “the year America went crazy,” I wrote in January 2021, a year in which police funding was actually cut by Democrats in New York, Los Angeles, San Francisco, Seattle, and Denver. A year in which young New York Times (NYT) staffers claimed they were endangered by the publication of Sen. Tom Cotton’s (R-Ark.) opinion article advocating calling in military forces if necessary to stop rioting, as had been done in Detroit in 1967 and Los Angeles in 1992. A craven NYT publisher even fired the editorial page editor for running the article.

Evidence of visible and tangible discontent with increasing violence and its consequences—barren and locked shelves in Manhattan chain drugstores, skyrocketing carjackings in Washington, D.C.—is as unmistakable in polls and election results as it is in daily life in large metropolitan areas. Maybe 2024 will turn out to be the year even liberal America stopped acting crazy.

Chaos and disorder work against incumbents, as they did in 1968 when Democrats saw their party’s popular vote fall from 61 percent to 43 percent.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden Sat, 03/09/2024 - 23:20

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The Coming Of The Police State In America

The Coming Of The Police State In America

Authored by Jeffrey Tucker via The Epoch Times,

The National Guard and the State Police are now…

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The Coming Of The Police State In America

Authored by Jeffrey Tucker via The Epoch Times,

The National Guard and the State Police are now patrolling the New York City subway system in an attempt to do something about the explosion of crime. As part of this, there are bag checks and new surveillance of all passengers. No legislation, no debate, just an edict from the mayor.

Many citizens who rely on this system for transportation might welcome this. It’s a city of strict gun control, and no one knows for sure if they have the right to defend themselves. Merchants have been harassed and even arrested for trying to stop looting and pillaging in their own shops.

The message has been sent: Only the police can do this job. Whether they do it or not is another matter.

Things on the subway system have gotten crazy. If you know it well, you can manage to travel safely, but visitors to the city who take the wrong train at the wrong time are taking grave risks.

In actual fact, it’s guaranteed that this will only end in confiscating knives and other things that people carry in order to protect themselves while leaving the actual criminals even more free to prey on citizens.

The law-abiding will suffer and the criminals will grow more numerous. It will not end well.

When you step back from the details, what we have is the dawning of a genuine police state in the United States. It only starts in New York City. Where is the Guard going to be deployed next? Anywhere is possible.

If the crime is bad enough, citizens will welcome it. It must have been this way in most times and places that when the police state arrives, the people cheer.

We will all have our own stories of how this came to be. Some might begin with the passage of the Patriot Act and the establishment of the Department of Homeland Security in 2001. Some will focus on gun control and the taking away of citizens’ rights to defend themselves.

My own version of events is closer in time. It began four years ago this month with lockdowns. That’s what shattered the capacity of civil society to function in the United States. Everything that has happened since follows like one domino tumbling after another.

It goes like this:

1) lockdown,

2) loss of moral compass and spreading of loneliness and nihilism,

3) rioting resulting from citizen frustration, 4) police absent because of ideological hectoring,

5) a rise in uncontrolled immigration/refugees,

6) an epidemic of ill health from substance abuse and otherwise,

7) businesses flee the city

8) cities fall into decay, and that results in

9) more surveillance and police state.

The 10th stage is the sacking of liberty and civilization itself.

It doesn’t fall out this way at every point in history, but this seems like a solid outline of what happened in this case. Four years is a very short period of time to see all of this unfold. But it is a fact that New York City was more-or-less civilized only four years ago. No one could have predicted that it would come to this so quickly.

But once the lockdowns happened, all bets were off. Here we had a policy that most directly trampled on all freedoms that we had taken for granted. Schools, businesses, and churches were slammed shut, with various levels of enforcement. The entire workforce was divided between essential and nonessential, and there was widespread confusion about who precisely was in charge of designating and enforcing this.

It felt like martial law at the time, as if all normal civilian law had been displaced by something else. That something had to do with public health, but there was clearly more going on, because suddenly our social media posts were censored and we were being asked to do things that made no sense, such as mask up for a virus that evaded mask protection and walk in only one direction in grocery aisles.

Vast amounts of the white-collar workforce stayed home—and their kids, too—until it became too much to bear. The city became a ghost town. Most U.S. cities were the same.

As the months of disaster rolled on, the captives were let out of their houses for the summer in order to protest racism but no other reason. As a way of excusing this, the same public health authorities said that racism was a virus as bad as COVID-19, so therefore it was permitted.

The protests had turned to riots in many cities, and the police were being defunded and discouraged to do anything about the problem. Citizens watched in horror as downtowns burned and drug-crazed freaks took over whole sections of cities. It was like every standard of decency had been zapped out of an entire swath of the population.

Meanwhile, large checks were arriving in people’s bank accounts, defying every normal economic expectation. How could people not be working and get their bank accounts more flush with cash than ever? There was a new law that didn’t even require that people pay rent. How weird was that? Even student loans didn’t need to be paid.

By the fall, recess from lockdown was over and everyone was told to go home again. But this time they had a job to do: They were supposed to vote. Not at the polling places, because going there would only spread germs, or so the media said. When the voting results finally came in, it was the absentee ballots that swung the election in favor of the opposition party that actually wanted more lockdowns and eventually pushed vaccine mandates on the whole population.

The new party in control took note of the large population movements out of cities and states that they controlled. This would have a large effect on voting patterns in the future. But they had a plan. They would open the borders to millions of people in the guise of caring for refugees. These new warm bodies would become voters in time and certainly count on the census when it came time to reapportion political power.

Meanwhile, the native population had begun to swim in ill health from substance abuse, widespread depression, and demoralization, plus vaccine injury. This increased dependency on the very institutions that had caused the problem in the first place: the medical/scientific establishment.

The rise of crime drove the small businesses out of the city. They had barely survived the lockdowns, but they certainly could not survive the crime epidemic. This undermined the tax base of the city and allowed the criminals to take further control.

The same cities became sanctuaries for the waves of migrants sacking the country, and partisan mayors actually used tax dollars to house these invaders in high-end hotels in the name of having compassion for the stranger. Citizens were pushed out to make way for rampaging migrant hordes, as incredible as this seems.

But with that, of course, crime rose ever further, inciting citizen anger and providing a pretext to bring in the police state in the form of the National Guard, now tasked with cracking down on crime in the transportation system.

What’s the next step? It’s probably already here: mass surveillance and censorship, plus ever-expanding police power. This will be accompanied by further population movements, as those with the means to do so flee the city and even the country and leave it for everyone else to suffer.

As I tell the story, all of this seems inevitable. It is not. It could have been stopped at any point. A wise and prudent political leadership could have admitted the error from the beginning and called on the country to rediscover freedom, decency, and the difference between right and wrong. But ego and pride stopped that from happening, and we are left with the consequences.

The government grows ever bigger and civil society ever less capable of managing itself in large urban centers. Disaster is unfolding in real time, mitigated only by a rising stock market and a financial system that has yet to fall apart completely.

Are we at the middle stages of total collapse, or at the point where the population and people in leadership positions wise up and decide to put an end to the downward slide? It’s hard to know. But this much we do know: There is a growing pocket of resistance out there that is fed up and refuses to sit by and watch this great country be sacked and taken over by everything it was set up to prevent.

Tyler Durden Sat, 03/09/2024 - 16:20

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