From Newsweek:
Denver Faces Pileup of Unsold Homes
There are more homes for sale in Denver now than there were before the pandemic, in 2019, as hundreds of listings are piling up in the market amid buyers’ apparent indifference.
While prices have begun to slide, they remain much higher than they were five years ago—suggesting that the vast majority of homes on the market may still be unaffordable for many buyers in the city already struggling with high mortgage rates and growing housing costs.
Denver’s housing market exploded during the pandemic, when the nationwide homebuying frenzy spurred by historically low mortgage rates found fertile ground in the city. In the past five years, however, inventory dried up, and mile-high home prices and high mortgage rates have pushed homeownership out of the reach of many locals.
Now, however, things are starting to change. Inventory is finally growing again, as sellers who were waiting for lower mortgage rates have accepted that the situation might not change anytime soon. In Denver, listings are now above pre-pandemic norms, suggesting that prices might soon come down as buyers acquire more negotiating power.
Inventory is on the rise in Denver, but sales are not keeping up.
According to the Denver Metro Association of Realtors (DMAR), there were 13,599 active listings in the city in May, up 13.67 percent from a month earlier and the highest number since 2011. New listings, at 7,284, went up by 3.14 percent.
While pending sales were also on the rise month-over-month by 6.88 percent at 4,349, the number of closed sales was actually down 2.63 percent at 4,036. Sales volume, at $2.91 billion, was down by 2.44 percent.
1
Interesting comparison:
More voters approve of the job President Trump is doing than approved of the job former President Barry Obama was doing on this same day during Barry’s second term.
On this same day during his own second term (June 4, 2013), Obama’s average job approval rating was 47.1 percent. Today, exactly 12 years later, during Trump’s second term, The Donald enjoys an average approval rating of 47.5 percent.
Inventory is finally growing again, as sellers who were waiting for lower mortgage rates have accepted that the situation might not change anytime soon.
Will we see the tulip bulb effect? Even in NJ/NY metro?
The European Central Bank is set to cut interest rates again. Euro zone inflation is now below the ECB‘s target of 2%. I wonder when the US will cut rates. US inflation is also lower.
US inflation is also lower.
Currently 2.1%. When will the FED ease? Jobs number will be a factor.
American colonists who aligned with the British lost their lands, their reputations and sometimes even their lives
https://www.smithsonianmag.com/history/meet-the-defiant-loyalists-who-paid-dearly-for-choosing-the-wrong-side-in-the-american-revolution-180986716/?utm_source=firefox-newtab-en-us
5:54 – You are a liar or worse.
Approval & Disapproval Ratings: Obama vs. Trump
Barack Obama – Second Term (2013–2017):
• Average approval rating: 47%
• Average disapproval rating: Around 48–49%
• Lowest approval rating: 38% (September 2014)
• Highest approval rating during second term: 53%
• Final approval rating when leaving office: 59% (January 2017)
Donald Trump – Second Term (as of June 2025):
• Average approval rating: 44–45%
• Average disapproval rating: Around 53–55%
• Lowest approval rating: 39% (April 2025)
• Highest approval rating so far: 53% (February 2025)
• Final approval rating: Not available yet (term in progress)
RentLord,
I didn’t write it, I just reported what I read. Nor do I agree or disagree with it. I don’t have a dog in this race. 🤷
We’ll know what everyone thinks of the asshole in charge at midterms.
T minus 3 days before MAGA turns on Musk. Just watch. All of those memes with Trump buttfucking Elon in the Oval Office must be deleted ASAP.
“The object’s aphelion — the farthest point on the orbit from the sun – is more than 1,600 times that of the Earth’s orbit,” Cheng explained in a statement.
Aphelion… good name for a liquid metal band.
https://www.yahoo.com/news/scientists-found-possible-dwarf-planet-130000004.html
these approval ratings are BS. So many behavioral biases:
– patriotism
– racism
– sexism
– party-ism
and many more in play. The true indices should be
– GDP growth
– % home ownership
– change inflation rate
– 10yr/30yr rate
– health based metrics
straight out approve/disapprove is a meaningless binary decision.
Here’s where the Ten is:
https://m.youtube.com/watch?v=y8E5O6zNlmc
Lib,
Yes the midterms will be the deciding factor. Much will depend on what the perception of the economy is. We live in interesting times and have uncharted waters in front of us.
Do you feed your kid?
Unchartered is an understatement. America has become the country of assholery. I patiently await for Trump’s version of Kristallnacht. How many illegals do you think are holing up like the Franks? This is not MY country.
France wants their statue back.
the midterms will be the deciding factor?
For what? The massive deficit spending will continue no matter which party runs Congress. The only difference is maybe 2 or three impeachments……
Here it comes.
https://finance.yahoo.com/news/the-us-economy-just-got-a-reality-check-133658435.html
I thought Trump was gonna be different Juice? As I’ve been saying all along. Tax cuts for the rich. Nothing for you and me but less services.
And yes, both parties suck. But I would take human rights and sucking over caveman rules and sucking.
No One – responding to yesterday
WSJ Op-Ed
Madrid knew solar and wind power were unreliable but pressed ahead anyway.
By Bjorn Lomborg
When a grid failure plunged 55 million people in Spain and Portugal into darkness at the end of April, it should have been a wake-up call on green energy. Climate activists promised that solar and wind power were the future of cheap, dependable electricity. The massive half-day blackout shows otherwise. The nature of solar and wind generation makes grids that rely on them more prone to collapse—an issue that’s particularly expensive to ameliorate.
As I wrote in these pages in January, the data have long shown that environmentalists’ vision of cheap, reliable solar and wind energy was a mirage. The International Energy Agency’s latest cost data continue to underscore this: Consumers and businesses in countries with almost no solar and wind on average paid 11 U.S. cents for a kilowatt hour of electricity in 2023, but costs rise by more than 4 cents for every 10% increase in the portion of a nation’s power generation that’s covered by solar and wind. Green countries such as Germany pay 34 cents, more than 2.5 times the average U.S. rate and nearly four times China’s.
Prices are high in no small part because solar and wind require a duplicate backup energy system, often fossil-fuel driven, for when the sun doesn’t shine or the wind doesn’t blow. The Iberian blackout shows that the reliability issues and costs of solar and wind are worse than even this sort of data indicates.
Grids need to stay on a very stable frequency—generally 50 Hertz in Europe—or else you get blackouts. Fossil-fuel, hydro and nuclear generation all solve this problem naturally because they generate energy by powering massive spinning turbines. The inertia of these heavy rotating masses resists changes in speed and hence frequency, so that when sudden demand swings would otherwise drop or hike grid frequency, the turbines work as immense buffers. But wind and solar don’t power such heavy turbines to generate energy. It’s possible to make up for this with cutting-edge technology such as advanced inverters or synthetic inertia. But many solar and wind farms haven’t undergone these expensive upgrades. If a grid dominated by those two power sources gets off frequency, a blackout is more likely than in a system that relies on other energy sources.
Spain has been forcing its grid to rely more on unstable renewables. The country has pursued an aggressive green policy, including a commitment it adopted in 2021 to achieve “net zero” emissions by 2050. The share of solar and wind as a source of Spain’s electricity production went from less than 23% in 2015 to more than 43% last year. The government wants its total share of renewables to hit 81% in the next five years—even as it’s phasing out nuclear generation.
Just a week prior to the blackout, Spain bragged that for the first time, renewables delivered 100% of its electricity, though only for a period of minutes around 11:15 a.m. When it collapsed, the Iberian grid was powered by 74% renewable energy, with 55% coming from solar. It went down under the bright noon sun. When the Iberian grid frequency started faltering on April 28, the grid’s high proportion of solar and wind generation couldn’t stabilize it. This isn’t speculation; it’s physics. As the electricity supply across Spain collapsed, Portugal was pulled along, because the two countries are tightly interconnected through the Iberian electricity network.
Madrid had been warned. The parent company of Spain’s grid operator admitted in February: “The high penetration of renewable generation without the necessary technical capabilities in place to keep them operating properly in the event of a disturbance . . . can cause power generation outages, which could be severe.”
Yet the Spanish government is still in denial. Even while admitting that he didn’t know the April blackout’s cause, Prime Minister Pedro Sánchez insisted that there was “no empirical evidence” that renewables were to blame and that Spain is “not going to deviate a single millimeter” from its green energy ambitions.
Unless the country—and its neighbors—are comfortable with an increased risk of blackouts, this will require expensive upgrades. A new Reuters report written with an eye to the Iberian blackout finds that for Europe as a whole this would cost trillions of dollars in infrastructure updates. It’s possible that European politicians can talk voters into eating that cost. It’ll be impossible for India or nations in Africa to follow suit.
That may be unwelcome news to Mr. Sánchez, but even a prime minister can’t overcome physics. Spain’s commitment to solar and wind is forcing the country onto an unreliable, costly, more black-out-prone system. A common-sense approach would hold off on a sprint for carbon reductions and instead put money toward research into actually reliable, affordable green energy.
Unfortunately for Spain and those countries unlucky enough to be nearby, the Spanish energy system—as one Spanish politician put it—“is being managed with an enormous ideological bias.”
Mr. Lomborg is president of the Copenhagen Consensus, a visiting fellow at Stanford University’s Hoover Institution and author of “Best Things First.”
What are you, a grandmother from Eastern Europe?
Libturd says:
June 5, 2025 at 9:30 am
Do you feed your kid?
Lib: You swing too far, one way, and this is what happens. We will get the Democrat party win with the midterms, and then probably a Dem president in 2028, and look at the early Dem candidates who are vying for the nomination. Its sobering. And, when they win it will be payback and vengeance time on the part of the Dems, just like the Republicans now. And the Democrats are not that democratic either, they just lie better. The decline of this country will continue. Lots of blame to go around.
Watched Mountainhead (on HBO Max) last night. It’s a must watch to everyone here.
Incidentally, I was in the city yesterday for a #NYTechWeek session and met quite a few wannabe assholes like in the movie. One guy (I should say kid)’s startup was to scrape all possible personal information and public/private records and add ai on top of it to create a different type of meta. And the asshole received funding.
3b,
Trump is simply THAT bad. In the history books, people will be questioning how the heck we elected and re-elected him like we already question how the Poles and Germans killed so many of their own in the Holocaust.
“A call between President Trump and Chinese President Xi Jinping took place Thursday and appears to have restarted previously stalled trade talks between the two nations.
“Our respective teams will be meeting shortly at a location to be determined,” President Trump announced on Truth Social after what he described as a “very good phone call” that lasted for one and a half hours.”
The democrats are the Colorado Rockies baseball team of the political arena. LOL.
Lib: I agree, and the good historians will ask why. The Trump phenomenon did not happen in a vacuum.
RentLord,
I notice a huge wave of movies and tv series all based on the same formula, which I call “Rich people behaving badly”. They set a show in some rich, beautiful spot, inhabited by ultra rich people, and then they show mostly idle rich people doing all sorts of dumb, disgusting, and evil things. Hollywood writers clearly are an envious group, and so are the fanbases of such shows. They allow themselves to gawk at the ultra-luxury, beautiful places, and then imagine themselves as morally superior to all these awful rich people inhabiting them.
Such shows also feed the envious leftists narratives that most of the wealth is held by the idle rich, who inherited or slept their way into money, and waste all their money in sin and vice anyway, and thus deserve to have it taken away from them.
In real life, actual rich people are working 60+hour weeks, and most don’t have time for all this bs. Maybe it’s a fair reflection of the lifestyles of the highest paid actors between shoots, a biased sample of the wealthy population.
White Lotus, The Perfect Couple, Glass Onion, Parasite, Sirens, it all grows so tiresome.
I think it’s more a depiction of a real gilded age.
Mountainheads a bit of a cautionary tale along with Everest.
In terms of work weeks, I’d say that Andreeson parking his yacht off of Lower Manhattan and working remotely during the early days of the internet was sweet power move that even successful people might find appealing and out of reach .
The rich ARE different & the vast fortunes generated mean it’s harder and harder to be ultra rich. Those goalposts move daily. This fascination with wealth in entertainment isn’t new. Just reformatted.
No One
You should watch Warrior on Netflix. Almost Everyone in it, both rich and poor is bad or does bad things.
You cannot discount the fact that movies often mirror human greed and serve as a warning or glimpse into the future.
But tell me what you really think of it after watching. It is a satirical comedy.
Talking about rich assholes fighting with each other –
Elon Musk declared all-out war on President Trump Thursday, writing on X: “Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate.”
“Such ingratitude,” Musk added.
Yeah. Until Musk comes clean on his cheats at the voting booth.
Trump and Musk:
President Trump on Thursday defended the domestic policy bill he is trying to push through Congress, which has come under fierce criticism from Elon Musk. Mr. Trump said he was “disappointed in Elon” for publicly opposing it. Mr. Musk responded in real time on social media, accusing Mr. Trump of ingratitude and saying, “Without me, Trump would have lost the election.”
WASHINGTON (AP) — A unanimous Supreme Court made it easier Thursday to bring lawsuits over so-called reverse discrimination, siding with an Ohio woman who claims she didn’t get a job and then was demoted because she is straight.
The justices’ decision affects lawsuits in 20 states and the District of Columbia where, until now, courts had set a higher bar when members of a majority group, including those who are white and heterosexual, sue for discrimination under federal law.
I can name three instances easily where I was discriminated against that was so blatantly obvious that I outwardly laughed when it occurred.
Did you guys hear about Builder.ai startup? Turns out it was just 700 humans in India pretending to be AI chatbot(s). Hah.
I posted about builder.ai yesterday.
In other news, I find Stablecoin to be a funny coin.
It rose 200% today! Tell me how it can provide stability against the greenback when it is backed by the dollar itself?!!!
FEACO – pronounced fake-o
Fast Eddie Always Chickens Out
Fast Eddie says:
June 5, 2025 at 2:02 pm
WASHINGTON (AP) — A unanimous Supreme Court made it easier Thursday to bring lawsuits over so-called reverse discrimination, siding with an Ohio woman who claims she didn’t get a job and then was demoted because she is straight.
The justices’ decision affects lawsuits in 20 states and the District of Columbia where, until now, courts had set a higher bar when members of a majority group, including those who are white and heterosexual, sue for discrimination under federal law.
I can name three instances easily where I was discriminated against that was so blatantly obvious that I outwardly laughed when it occurred.
In Mt travels through the Pascack Valley of Bergen Co today, I saw a lot of home additions, either on the side of the existing house or the back, or both. Traffic all over the place, any myself adding to it. Land Rovers, Range. Rovers, BMW s, Tesla and Lexus vehicles all over the place. A recession may be coming, bit it is not in Bergen Co. yet.
In other news Proctor & Gamble will cut 7,000 jobs world wide over the next 2 years geographic locations to be impacted by the cuts have not been determined yet. All cuts will be non- manufacturing jobs. Additionally, P&G will be discontinuing some products in some world markets. The products and markets have yet to be determined.
Eay! Fughedaboudit!
Nundi preoccupare!
Elon says Trump is named in the Epstein files, and that’s why they have not been released yet. He offered no proof to his allegations. This feud is getting ugly fast!
Three questions:
1) Who gets the kids in the divorce?
2) Can Lateesha or Alvin bring charges somehow?
3) Can congress bring impeachment proceedings?
You know the kids will be permanently damaged. Especially when the rich parents are assholes.
If a white man and a white woman accuse each other of discriminating each other, who wins?
https://www.npr.org/2025/06/05/nx-s1-5424412/supreme-court-workplace-discrimination
FEAL
Fast Eddie always loses.
It is officially swamp ass season, so those who need to please plan accordingly.
Winnebago says job cuts coming partly due to tariffs and to a big surge in retail demand that was expected after Trump became President, but has failed to materialize. We were in Myrtle Beach SC a few years ago, and there were used Winnebago lots all over the place. I guess people tire of those things quickly.
Bunch of toddlers fighting…
Grim: But, it is entertaining!
I guess the Chinese will win the space race for sure now..
Trump threating to cut Elon’s contracts now, and Elon just responded.
“Update, 4:20pm ET: Musk has escalated even further, saying on Twitter that, “In light of the President’s statement about cancellation of my government contracts, SpaceX will begin decommissioning its Dragon spacecraft immediately.”
SpaceX provides the space agency’s only operational transportation for crew members to the International Space Station. They also launch most of our government satellites.
I guess the Chinese will win the space race for sure now..
I am going to subscribe to the Duolingo Mandarin classes and start learning our one day new official language…
The only way to really visualize the shit unfolding right now is to watch MountainHead on HBO.
Considering that I’m bringing this up the 3rd time in a day, I have to add a disclaimer that I gain nothing from increasing viewership to HBO.
Why are the democrats bashing little, cute, chocolate Shirley Temple?
Taking my toys and going home.
This is why you got to keep the Hugo Drax billionaires of the world under control of government as supplicants.
This is going to kill off the libertarian billionaires power grip and stop a lot of privatization. Nationalization of SpaceX might be on the cards.
DOGExcrement employees will be Dogged out by Monday.
How soon Musk gets citizenship cancelled and deported to South Africa?
How soon before Musk bails to China like Michael Jackson bailed to Middle East?
Swamp ass
Trump National Golf Club in Bedminster was cited for 18 health violations during an inspection by the Somerset County Department of Health last month.
The inspection, which took place on May 6, resulted in the establishment receiving a 32 out of 100 health inspection score in May, the lowest grade in the county, according to a report by Forbes. Overall, the club was given “conditionally satisfactory” C grade.
Franklin Roosevelt locked up Japanese-Americans in concentration camps. Many had been here for generations. Most of them lost everything. It took years before the government provided them with minimal compensation.
“ For months, Trump administration officials have faced mounting pressure by the far right and online influencers to release the so-called Epstein files, the remaining investigative documents of the sex-trafficking investigation into Jeffrey Epstein, a multimillionaire who hanged himself in a federal jail in New York in 2019.
On Thursday, as Elon Musk, the world’s richest man, was locked in a vindictive online battle with President Trump, he suggested that Mr. Trump was in the Epstein files — a loaded accusation that implies the president might somehow be connected to the financier’s crimes.”
5:44 remember Pearl Harbor
I am so confused, so we still be torching Teslas or not?
I am so confused too, is torching one still a federal crime or not?
Juice Box says:
June 5, 2025 at 7:06 pm
I am so confused, so we still be torching Teslas or not?
Space X has a scheduled launch to the ISS in five days…will be interesting to see if Elon pulls the plug on it. Trump committed to Indian Prime Minister Narendra Modi to send the first Indian astronaut to the ISS.
https://www.nasa.gov/news-release/nasa-sets-coverage-for-axiom-mission-4-launch-arrival-at-station/#:~:text=NASA%2C%20Axiom%20Space%2C%20and%20SpaceX,Space%20Station%2C%20Axiom%20Mission%204.
Pivotal day in Trump II. Lost Musk and lots of Republican senators and Congress members support. Musk bank rolled the campaigns of these Republicans and they are going to follow the money. Trump at his peak of power cannot get legislation through a Republican House and Senate. Weak and ineffectual President. The world knows. The wars rage on. America is for sale and Gulf State royal families are buying. Thank you President Trump.
Weak and ineffectual President. The world knows.
Yeah, but despite that, joe is still a pretty good guy, even though his wife and the posse used him.
Got Popcorn?
https://x.com/gc22gc/status/1930735714645188802
BANNON: President Trump should act immediately. If Elon’s threatening to pull a major program from SpaceX, Trump should sign an executive order tonight under the Defense Production Act. SpaceX should be seized by the U.S. government before midnight.
So, when you ask what happened? Will Elmo spill the Tea?
https://x.com/charise_lee/status/1930400731795992840
This is virtually statistically IMPOSSIBLE. It’s unbelievable it’s taken 7 months for them to realize this. Elon gave him the election #Starlink
9:47 – I’m open to debate any theory as long as it’s not a blatant lie.
Here are the results for Rockland County, NY. And Kamala Harris received more than 0 votes
https://app.enhancedvoting.com/results/public/rockland-county-ny/elections/GE2024Results
Rent this instance will come down to the Hasidic Population voting En-Bloc, but with Elmo threating and some of the PA districts looking iffy, there is some legs to this story.
Gary,
This is the best description of Musk I have seen. Must watch viewing.
https://x.com/Calzeto1_/status/1930407254265626876
Celestial Skeptic @Calzeto1_
My God. Scott Galloway on uncensored leaves Piers Morgan speechless as he brutally ends the career of Elon musk in just a few sentences that perfectly encapsulates everything wrong with the Tesla personality and his ride or die supporters on social media
Even if all the things people say about Elon are true he is still not wrong.
The U.S. national debt is rising by a trillion dollars every 180 days.
Tick Tok folks …. WSJ explains…we are in trouble folks.
https://www.wsj.com/video/series/news-explainers/when-does-the-national-debt-become-genuinely-bad/EDACA508-4D17-48F0-84C5-51B2ABD55776?mod=mhp