Sniper

Two confirmed tornadoes in my area: BARNEGAT, NJ — Meteorologists with the National Weather Service confirmed two tornadoes touched down in Ocean County as severe storms moved through the region on Thursday night. The National Weather Service found an EF1 tornado fueled by 105 mph winds struck Barnegat, while an EF2 blew through Waretown and Barnegat Light on Long Beach Island with winds gusting up to 115 mph. More than 35 houses and multiple boats in the High Bar Harbor section of Long Beach Township near Barnegat Light were damaged during the storm. --------------------------------- WARETOWN, NJ — Wells Mills County Park will be closed through the weekend after Thursday night's storm uprooted large trees and damaged playground equipment. "Trees were snapped in half, and the playground equipment also sustained damage," said Michael Mangum, director of the Ocean County Department of Parks and Recreation. "We have hundreds of trees down and until we can clear them, we will keep the park closed to the public for safety reasons."

I have that problem, but not with ARs... with pistol caliber carbines.. They seem to replicate in the dark of night...

The most perfect job in the world.. You can be 100% wrong, and still have a job the next day!

I think that would be a pretty accurate guess. Why pay if you're not forced to. Which I think is why so many haven't gone back to work. If they aren't paying rent (which could be up to half their paycheck), they have a lot of spare coin for fun stuff, and the UE checks cover it. There's still like 14 million on some sort of UE or pandemic relief (is that those 12 million?) It comes from the census, so I would guess not, as the question is "do you own or rent".

I got it!! Biden will let the moratorium expire, then when all these non-paying renters get kicked out, Biden will have places to move his new friends/voters that crossed over the Southern border, a place to live. Nancy will come up with some sort of Section 8 program, and pay the landlords pennies on the dollar for the rents.

If these numbers and charts are anywhere near accurate, man... it's gonna get ugly... really ugly.. plus, it states besides the charts, for 72 million, they don't have any data from the census dept... At Least 12 Million Households Face Eviction As Moratorium Ends Four-Point Synopsis 7.43 million renters are not current 5.95 million homeowners are not current 8.71 million homeowners have little or no confidence in ability to pay their mortgage 12.71 million renters have little or no confidence in ability to pay their rent Significant Other Details The above numbers are undoubtedly understated because the status of 72.17 million households is unknown. Rent plus back rent is due August 1. There will be no more rent moratoriums without Congressional action as per Supreme Court Justice Brett Kavanaugh. On September 1, Federal unemployment benefits expire. https://www.zerohedge.com/personal-finance/least-12-million-households-face-eviction-moratorium-ends

So, you would rather be taken by surprise, instead of being notified? On the emergency radio, I think they hired a new guy at the NWS, who likes to push the warning button. It gets set off all the time.

My emergency radio and phone were screaming, but all we got was heavy rain. We were out walking the dog and my phone started screaming, so wifey panicked, and wanted to run home... she's no fun...

Some additional data points that prices are leveling and inventory might rise: Pending home sales drop in June — more evidence of a housing turnaround Pending sales of existing homes in June as measured by signed contracts fell 1.9% from May, according to the National Association of Realtors. Sales were also down 1.9% compared with June 2020. Pending sales are a forward-looking indicator of closed sales in one to two months. “Pending sales have seesawed since January, indicating a turning point for the market,” said Lawrence Yun, Realtors’ chief economist. “Buyers are still interested and want to own a home, but record-high home prices are causing some to retreat.” Prices are high because inventory has been so low. But that is starting to change. The number of newly listed homes in June rose 5.5% compared with June 2020, according to Realtor.com. https://www.cnbc.com/2021/07/29/pending-home-sales-drop-in-june-.html

How many of you guys jumped on the Robinhood IPO this morning?? ...."Shares of Robinhood slipped as much as 10% during its Nasdaq debut on Thursday, after pricing shares at the low end of the IPO range. The online brokerage started trading on the Nasdaq at $38 per share, valuing the company at roughly $32 billion. This was at the low end of Robinhood’s IPO range of $38 to $42 per share. https://www.cnbc.com/2021/07/29/robinhood-hood-ipo-stock-starts-trading-on-the-nasdaq.html

Looks like Biden knows the CDC can't extend it, so now he wants Nancy to.. at the 11th hour... Biden Urges Congress To Extend Eviction Moratorium In 11th Hour Plea President Biden has asked Congress to extend an eviction moratorium set to expire on Saturday, saying in a statement that while he would have strongly supported a decision by the CDC to do so, "the Supreme Court has made clear that this option is no longer available." So - if Biden gets his way and Congress whips out some 11th hour legislation, renters get stimmies and don't have to pay their landlords, while landlords get nothing and are dying on the vine. We can't imagine this 'plea' is in good faith - as Biden could have asked Congress to act any time after the Supreme Court hamstrung the executive branch on the issue. https://www.zerohedge.com/political/biden-makes-11th-hour-plea-congress-extend-eviction-moratorium

The other option is to buy a separate lower and upper assembly, and build it yourself. This way you can have some fun and get to know all the components. I've never been a AR fan, but figured I'll get one, just because. I prefer pistol caliber carbines. So I bought a Anderson lower and a PSA upper kit, and after a few hours, I had a operational AR.

Yeah, I know why they settle, to stop the bleeding of money to the lawyers, stop discovery, and move on. And while it might not set legal precedence, don't you think some anti-gun group will refer to the settlement in a future lawsuit or a anti-gun group might try and extort money from a different manufacture and hold them liable for the use of their products in a shooting?

Yeah, but even a offer sets a really bad precedence, doesn't it? It possibly opens the door to be used as a weapon in any other future shooting situation. The family's claims are totally bogus, so agreeing to a settlement, without admitting you're guilty, is just as bad.

We now know what they are going to do. Personally, I think it's a bad move. ...."July 27 (Reuters) - Remington Arms Co on Tuesday offered to pay nearly $33 million to nine families to settle lawsuits claiming that its marketing of firearms contributed to the 2012 Sandy Hook school massacre in Newtown, Connecticut, where 26 people died. The proposed settlements would provide $3.66 million to relatives of each victim, subject to approval by the federal judge overseeing Remington's bankruptcy case in Alabama. Only nine families joined the lawsuit, and many joined for political reasons, as the goal is to increase the financial pressure on companies that sell "assault weapons", a label popular among proponents of gun control. The families initially claimed that Remington knowingly marketed the gun for use by people to "carry out offensive, military style combat missions against their perceived enemies." https://www.zerohedge.com/political/remington-reaches-historic-33-million-settlement-families-sandy-hook-victims

That's why Blackstone has met with Biden. They're more than happy to take these houses off everyone's hands, and turn them into rentals.

That's the $100,000 question. I've been trying to get a handle on that from multiple financial sources, but there's no consensus. First, the tenants will never pay back past due rent when evicted, they'll just walk (I don't know where they go). The landlords who haven't been paying their mortgages, because they weren't collecting rent, will now have to come up with their past due amounts? Will they be able to work out a deal with their banks? Who knows... Will they finally punt, and sell the property at these high prices? Possibly. Homeowners who haven't paid and are being foreclosed have only a few options, hopefully they saved all their Biden Bucks. Either they pay the back due payments, work out a deal where the unpaid amount gets added to the rear of their loans. Or they sell... but there again, where do they go?? It will definitely been interesting to watch...

And just like that, a new DOW record... along with the S&P 500 and Nasdaq... The Dow Jones Industrial Average gained 82.76 points, or 0.2%, to an all-time high of 35,144.31, also rising for a fifth straight day. The S&P 500 reached another record high on Monday ahead of a busy week of earnings reports from technology’s heaviest hitters. The tech-heavy Nasdaq Composite closed slightly higher at 14,840.71, hitting a new high. https://www.cnbc.com/2021/07/25/stock-market-futures-open-to-close-news.html

I think low inventory will continue to keep the prices up for a while. When the buying season slows down in the Fall and the foreclosure and eviction moratoriums end, it will be interesting what happens to inventory and prices.

Some additional data points. For those selling, it looks like we could be at the top. For those buying, prices should start coming back down. Housing boom is over as new home sales fall to pandemic low Sales of new single family homes fell to an annualized rate of 676,000, 6.6% below May’s rate of 724,000 and 19.4% below the June 2020 level of 839,000. The median price of a newly built home in June rose just 6% from June 2020 The inventory of new homes for sale jumped from a 5.5-month supply in May to a 6.3-month supply in June. Last fall, it sat at a low of just 3.5 months. https://www.cnbc.com/2021/07/26/housing-boom-is-over-as-new-home-sales-fall-to-pandemic-low.html

And now there's the report of Biden extending the foreclosure moratorium. How can he legally do that, when it's shown the the CDC doesn't have the authority? ......"Though the Biden administration has not signaled that it plans to extend aid for renters, the White House on Friday announced it will allow homeowners with Fannie Mae and Freddie Mac-backed mortgages to delay their payments until September, a measure that will help 1.8 million people in forebearance.

Hey dudes, how was the rally? I missed it because of dinner.

Here's some direct links to watch it tonight online: Starting now: https://rumble.com/vi1or5-rsbn-live.html

This should be a good battle, who's going to win? Progressive Democrats Blast 'Reckless' Biden Plan To Allow Evictions To Resume Rep. Alexandria Ocasio-Cortez was among several critics on Friday who warned that the Biden administration's plan to allow the Centers for Disease Control and Prevention's eviction moratorium to expire on July 31 would have devastating consequences for millions of renters as well as threatening public health as Covid-19 cases surge. President Joe Biden extended the moratorium by one month in June but has shown no signs that he plans to do the same this month. According to analysis by the Center on Budget and Policy Priorities released this week, 11.4 million renters—or one in seven—are behind on rent payments. Advocates say about six million are at risk of promptly losing their homes if the eviction moratorium is not extended at the end of July. https://www.zerohedge.com/political/progressive-democrats-slam-reckless-biden-plan-allow-evictions-resume

Which is why so many are still sitting on the couch and not working. When you don't pay your rent or mortgage, it leaves a lot of cash available for Door Dash.