0

Key generator 11 Hacker Ways To Hack Facebook Account Without Password

Download Dragon City Hack Tool [ Trainer ] Working % - No Survey Download Link: [HOST]. Open any Fortnite Skin Generator website. Enter the Facebook ID below You'll get full access to the account. Ninja hacked version android official site.

Hack fb online - Hack Facebook Account using online fb hacker

So, no need to feel sad when you can get free coins with every spin you perform. Facebook account password in the near future, if they change the passwords. Way 1: Hack Facebook Without Survey Using KidsGuard Pro, 100% Work. About Facebook Hacker Pro v7 Updated on 1st April, this is the latest version of this software, the latest update, so this is the only version that accually works on the market.

1

Crack cheatHacker.com - Hack Tool 2020 - Cheats No Survey

Listen to me, this Instaripper and that fucking scam tools never work. Homescapes Hack Cheat No Survey No Download 2020 Strom Droid. This is not a permanent offer so grab a free copy while you can and hack any Gmail account. Resident evil 5 dx11 patch https://mebel-inter.ru/forum/?download=3585.

Hack a Facebook account with Feebhax Web in 2020

Hack facebook account without survey or. It's the simplest possible way to win fortnite free accounts for ps4, Pc and all the other devices and it's 100% working. Use our facebook online hack tool that could possibly hack someones facebook account you might stumble upon on software that has lot viruses and malware that steal your data on the background. Every password that was.

2
  • (Working) How Hackers Hack Facebook Account Password
  • Concerts in 2020 Are About To Be So Weird
  • Facebook Password Sniper
  • Mortal Kombat X Hack Without Survey - Hack No Human
  • Hack Fb Account - Free and Fast Online
  • Facebook Users Being Locked Out After Reporting Fake Accounts
  • How to Hack Facebook: 3 Simple Ways (2020 Updated)

3 Effective Ways to Hack FB Account Without Password in 2020

At the next point, select the platform where you are currently playing that game (Android, X. But when it does, the player caught holding the Pup will have to take a card and start acting like the dog on the card: maybe by growling, fetching, scratching or more! Facebook password sniper v free working no survey tool: I have used many facebook hacking account techniques like phishing. After Completing download process you will be able to operate GMAIL ACCOUNT HACKER v – Beta Crack.

3

Patch hack Facebook Account and Password Online

Updated 9: 51 am CST, Thursday, November 19, 2020. But if you want to get free steam wallet codes no survey then use this the steam gift card generator 2020. Rpg maker vx ace crack corel. Get Free Instagram Followers 2020 Online Just Enter Instagram Username then click Followers Button After That You Get unlimited Followers for free this tool up to date 2020.

Hack An Instagram Account 2020 - Instagram Password Hack

Gift Card codes no survey 2020. If the target is well protected, an online application that works % to find any Facebook password. Make the skins download in the same folder as that of your game. Need advice on how to hack a Facebook account password online for free without a hacker?

4
HOW TO HACK FACEBOOK ACCOUNT PASSWORD
1 Professeur Jt: How to Hack Someones Facebook Account Just 42%
2 Facebook hack online 95%
3 Cooking Diary Hack No Human Verification – Get Unlimited 80%
4 Hack Facebook Account - Free and Fast Online 64%
5 Fifa 18 Cd Key, Serial Key ... 48%
6 Free Zynga Poker Chips Generator Without Survey 2020 70%

Exact Hacks - Hack Tools! Online Cheats! CD Key Generator 2020

Gold, Wood, Stone and Food in your account with just a one. Tom Krisher, Ap Auto Writer. Xbox Live Code Generator Tool Free Download No Survey: Xbox the premium and perfect gaming console from the technology giant Microsoft is going to be a gaming heaven for you. Aerosim blocket matlab crack.

5

Fifa 20 Cd Key, Serial Key, Activation Code ...

Thanks to these flaws, facebook hacker are able to hack any Facebook account to hack facebook in less than 3 minutes. IMVU Hack Account Generator 2020. No one will guide you in the right direction. Posted by Unknown Posted on 14: 39 with No comments.

InstaRipper Apk and Software download No Survey

All recent searches will be deleted. We are proudly introducing to you a systematically advanced tool that will automatically enter facebook secured database and glitched. Roblox robux hacks online no. Crack software that lets you unlock the locked Android device, iPhone and other mobile devices that are locked by forgetting their passwords.

6

Hack Instagram Accounts 2020 No Survey No no verification

The success rate to getting facebook account's password for free is an outstanding 98%. The app will take you through the installation process. Although some of the changes have affected humankind in negative ways, much has brought great improvement in our day to day activities. Freepsncodeshub is a real working online PSN Code generator 2020.

Anatomy of a survey scam – how innocent questions can rip

Exploiting the bug allows an unauthenticated attacker, with network access. Once you get hold of the target phone, follow. You will not be able to use the app or hack Facebook with it. Xbox Codes Generator No Human Verification.

7

FIFA 20 Free Download Full Pc Game Torrent Cracked

Ensure to give the app all the necessary permissions for it to function. Click here to know the easiest hacks ever that will help you to monitor the Facebook account of any target user. Page Transparency See More. Tuneup utilities 2020 full crack.

Xbox Codes Generator No Human Verification – Free Xbox

There is no point in adding tokens to an account and then having the account banned. Get a load of free fortnite accounts everyday to your account without spending any. So download link is below but before it.

8

Fortnite V Bucks Hack Download No Survey No Password

Minecraft tekkit classic cracked. Facebook account hacker 2020 no survey. CODes-OFFiCIAl-100% WOrKiNg -NO suRVEY *WAXINESS* Online Visitors: 56760 [Software Version 5.35] 7 secs ago. Install the installer integrated with this Free gmail hacker pro download no survey.

Beyond doom and gloom: A nuanced discussion of multifamily rentals / REITs in very high cost of living cities (VCOL)

Obligatory disclaimer: “predicting is very difficult, especially if it’s about the future”, and I’ve been very wrong before (most recently about the market rebound). But it’s fun to have a discussion and what else is there to do now that it’s cold with a COVID surge?  
Full disclosure: Despite my arguments below, I hold modest positions in several of the apartment rental REITs. One reason is simply to hedge against me being wrong. I also think there’s a gap between the eventual modest decline in valuations and the 40-50% decline we’ve seen in luxury coastal apartment REITs (Essex, Avalon, Equity). The public REITs have investment grade credit rating, and several of them (Equity, Avalon) have recently issued debt at ~2% due to the accommodative corporate credit environment. Many also have suburban portfolios which could prosper from the urban departures.
 

Intro

There’s been a great deal of hysteria in the popular press / investment forums about “the death of cities”.
This is clearly ridiculous. “Cities” are the engines of economic growth in every developed economy. The 100 largest metropolitan areas contain 65% of the US population and 68% of total economic activity (and closer to 75+% of patents, intellectual property development, etc). Cities as a whole will continue to grow and expand in the United States as they have for the past 200 years.
On the flip side, not all cities are created equally. I think a very reasonable question to ask is how will the multifamily real estate markets in very high cost of living cities (VCOL), loosely defined as San Francisco, NYC, Boston, and maybe LA fare in the near future?
I’m personally a big believer that external shocks very rarely generate new trends but tend to accelerate existing underlying ones. And when looking at the future of VCOL areas we have a story about demographics, affordability, schools / child care, job dispersion, supply, and immigration.
 

Thesis

My thesis is that VCOL, and in particular the dense urban cores, will see flat to negative growth in populations, rent, and condo prices as Millennials age into child-rearing years and move to areas with more affordable housing / better schools. Older generations will continue their preference for warmer, lower tax areas while foreign immigration remains depressed. This trend will be compounded by the increase in luxury rental units as projects initiated in 2018, 2019, and early 2020 move onto the market. More flexible work from home policies will also contribute modestly to this trend, but is not the main driver. Single family housing, even in VCOL areas, will likely be unaffected due to severe supply constraints.
 
I see Millennials primarily moving to 3 distinct areas of the country:
  • Cheaper areas outside the urban core in Metropolitan Statistical Area (MSA), e.g. Worcester MA in the larger Boston metro area, suburban areas in NJ adjacent to NYC, etc.
  • Smaller, emerging high-tech cities such as Pittsburgh, Boise, etc. that offer relatively affordable housing, walkable communities, and often close proximity to national parks, ski areas, etc.
  • Sunbelt / Southern “mega-cities’ such as Phoenix, Austin, Atlanta, etc. with affordable housing and booming populations

What do the public markets say?

One of the features (not a bug) of private real estate is that it moves much more slowly and is oftentimes uncorrelated with public markets. Case in point, residential housing prices peaked in the US around 2006-2007 and then decreased until 2012 (i.e. 3-4 years after the stock market and other public markets fully reflected the valuation shifts). Luckily for today’s investors, one major difference between 2008 and today is that we have large, national, publicly traded REITs in both the apartment and single family rental sectors. Even better, the apartment housing REITs have different geographic concentrations and economic consumers (i.e. luxury, affordable, student, etc.). We also have large, publicly traded companies involved in single family home building / renovations that are also great proxies for the single family housing market.
 
So, how are apartment rental REITs in VCOL locations doing? The first one to consider is Essex Property Trust (ESS), a member of the S&P 500. They have luxury apartments primarily in LA & San Francisco (~75%) and also in Seattle (~25%). They are down ~40% from their all time high in February. Next up is Avalon Bay (AVB), the largest apartment REIT, which owns luxury apartments in VCOL coastal areas in Boston, NYC, SF, etc. They are down ~40% from their all time high. Equity Apartments, similar to AvalonBay but with a slightly worse credit rating of BBB+, is down ~50%. UDR, another coastal luxury apartment REIT, is also down ~40%. If you read the most recent earnings calls from Equity / Avalon, one thing they both cite is their high rental collection rate (~98%) and the high household income of their tenants (~$150,000).
 
Let’s contrast that to the sunbelt / mid Atlantic luxury REITs: Camden Property (CPT) and Mid America Apartments (MAA). These REITs have extensive holdings in Texas, Florida, Phoenix, etc. Mid America is down ~22% while Camden is down ~25%.
 
The market is currently discounting luxury apartment rentals in VCOL by almost 2x the rate as more affordable sunbelt / Southern cities. This is despite the fact that rental collection rates remain high and that these properties have affluent tenants who are least likely to be affected by the recession.
 
The contrast is even more stark when comparing against single family rental REITs, the largest of which is Invitation Homes (a spinoff of Blackstone, INVH). They own ~90,000 homes across the Sunbelt, upper mid-west, and more affordable areas of the West. They are down only 9% off of all time highs. The US home construction ETF from I-shares (ITB) which tracks home developers such as Lennox and home supply stores like Lowes actually set an all time high in September 2020.
 
The bottom line is that public markets suggest that luxury, apartment rental housing companies have lost 20-50% of their pre-pandemic value, with VCOL losing almost twice the value of luxury rentals in booming sunbelt / southern cities. In contrast, single family home rentals remain extremely strong with valuations of home building companies trading at all time highs.
As an aside, if you’re bullish on VCOL areas I would strongly suggest purchasing these REITs. The dividend yields are ~4.5% which is the widest spread over 10 year treasuries (0.8%) in many years. If you listen to the earnings call from Equity, Avalon, etc. you’ll also hear the CEOs cite the high private market valuations of their properties. If the market is wrong you’ll lock in relatively high dividend rates with price appreciation.

Demographics

Even before the pandemic, VCOL had stagnant or modestly declining populations. Government census records estimate that NYC lost ~76,000 residents in 2019, a drop of around 0.4%. It’s worth noting that NYC has for years experienced net negative domestic migration, but foreign immigration balanced out the departures. The Boston metro region stayed flat while San Francisco declined slightly (~0.2%). While economically vibrant, the populations of these cities had clearly started to plateau and even modestly decline prior to the pandemic. There’s a nice graph at rent cafe that summarizes the metros with the highest and lowest net migration over the past decade. NYC and LA top the list, with Boston at the number 8 position. In contrast, the metros with the highest migration are Phoenix, Dallas, and Austin in the Top 5.
 
If we look at the composition of these cities, the largest age bracket is from 25-44: 37.5% in San Francisco, 33.2% in Boston, and 33% NYC. This essentially encompasses the millennial generation, who the census defines are born between 1981 - 1997 (~23 to 39). The millennial cohort comprises ~75 million individuals and is the largest generation since the baby boomers and significantly larger than the next generation, Gen-Z.
 
The millennial cohort entered their mid-20s during and immediately after the Great Recession. Millennials with technical or advanced degrees flocked to the new “knowledge” jobs in tech, consulting, marketing, etc. at employers clustered in VCOL areas. With significant disposable income, these millennials fueled a rise in service industries that attracted other millennials to work as baristas, waiters, etc. At the same time, new single family home construction declined significantly due to the fallout from the housing bust.
 
As a consequence rents held relatively steady during the financial crisis than surged during the recovery. As one data point, rents increased ~50%+ from 2010 to 2019 in SF. As Millennials willingly paid rapidly rising rents in these VCOL, a narrative emerged that millennial were somehow different. They were comfortable renting forever, they didn’t need much space, they believed in the sharing economy and wouldn’t purchase cars, etc. The data appeared to support this data, as the number of renters earning $150,000 increased at twice the rate as home owners.
 
Unfortunately there is increasing evidence against this narrative. A linked MIT Sloan study suggests millennials may actually utilize vehicles more than older generations. The linked survey from ApartmentList suggests that over 90% of millennials want to own homes eventually. Millennials, based on all the studies and surveys I’ve seen, have similar aspirations as older generations. They want to eventually own, not rent, a residence and personal vehicle while raising children. All of these goals have simply been delayed due to financial constraints.
As we’ll see in the next section, these aspirations are effectively impossible for the vast majority of millennials in VCOL areas.

Affordability:

There’s a popular stereotype that the average millennial is a 4 year college graduate, making $100,000+ in tech, who walks around in Patagonia vests sipping $5 lattes (fuller disclosure: this stereotype hits uncomfortable close to home). According to the Government Accountability Office (GAO) only 44% of millennials even have 4 year or higher college degrees. Moreover, at age 39 (i.e. the oldest millennial), an income of $100,000 is in the top ~25% of incomes. The median net worth of the prime home buying aged millennial (30-34) is only $35,000 (including home equity), while the 90th percentile of this group is only ~$260,000 (including home equity). In 1989 (when baby boomers were the equivalent age of Millennials today) they held about 21% of the wealth in the US. In contrast, Millennials today have ~3%.
 
For the median millennia household, who has an income of ~$69,000 pre-pandemic, buying even a modest apartment in a VCOL is difficult to impossible without extensive family assistance. Let’s assume that most millennial households want to have at least 1 child (a Gallup poll found ~87% of millennials without children eventually wanted to have them). That means long term millennials are likely to settle in at least 2BR and more likely 3 BR and up apartments / homes.
 
The median priced condo (not house) in VCOL areas (pre-pandemic) is approximately ~$1.2 million in SF, ~$650,000 in Boston, and ~$667,900 in NYC (Manhattan, Brooklyn, and Queens). This understates the lack of affordability, because these prices reflect a mixture of studios to 3+ BRs. I couldn’t find detailed sales pricing for condos segmented by number of bedrooms, but glancing at Zillow / Redfin the prices for 3BR apartments or single family homes across all VCOL areas seems to be at least $800k and above depending on quality, location, etc.
 
Rents are luckily far more transparent. According to Zumper, the rents for 3BR apartments and above in VCOL (pre-pandemic) areas were ~$5,000 in SF, ~$3,500 in Boston, and ~$4,000 in NYC. As an aside, if we use a 30% rent to income ratio than a millennial household would have to make at least $10,500 per month (or an annualized salary of $126,000) to rent a 3 BR in the cheapest VCOL area. For households with families in 2017 between 30-35, an income of $126,000 is at the 80th percentile. As we’ll see in the next section, childcare dramatically adds to a households costs.
 
So let’s focus our analysis on the wealthiest 10% of millennials (who coincidentally are also most likely to have affluent parents who can assist with a home down payment). These millennials, particularly those in the prime family formation years of 30-35, make over $170,000+. Given the well documented trend in associative mating, they are also likely to partner with other high income millennials. Let’s assume that ~5% of millennial households make >$200,000 per year (for comparison, the top 10% of all households made over $200,000 in 2019). These households can easily afford even San Francisco rental prices. And at first glance, a millennial household making $200,000 could save for a downpayment of a $1 million dollar home (~$240,000) within ~6 years if they saved 20% of their gross income. But what about affording the monthly mortgage payment?
 
As rough numbers, a household making $200,000 in Boston, MA would be left with $148,712 after taxes. If they maxed out their 401k, they would have $121,135 or ~$10,000 per month. Redfin estimates that a $1 million home in Boston will cost ~$4500 a month based on a 3%, 30 year mortgage and including home insurance + property taxes. If we assume maintenance + furnishings + misc expenses we can probably assume a total housing cost of ~$5500 per month. Our hypothetical household is thus left with ~$4500 per month to spend on food, entertainment, vehicles costs, etc. while also maxing our their 401k.
Let’s assume there are roughly 31 million households between 25-39, so back of the envelope math suggests that there is a pool of 1.5 million households available to buy real estate in VCOL areas (5% of 31 million) if they could afford the down payment or receive family assistance.
There is one giant impediment to that math though: affordable childcare and public schools.

Child Care

The biggest single reason in my opinion that millennials will leave VCOL urban areas is the the cost of childcare (averaging $2000 per month) and the persistent poor performance of public schools.
 
The premier public school districts continue to remain in the outer suburbs of urban areas. A list of the top 15 public school districts in America shows numerous school districts in suburbs surrounding Chicago, NYC, San Francisco, Boston, and Philadelphia. In contrast, public school districts in dense urban areas often receive mediocre ratings.
The simplest alternative to these urban public schools is to pay for private school. Private school tuitions in VCOL areas range widely between ~$25k and ~$70k per child. These means a family of 4 could easily pay $50k or more in combined tuition, on top of the $66k ($5500 monthly) in housing expenses noted above. These two expenses alone would effectively consume the entire after tax income of a household making $200,000 per year.
 
The crushing expense of childcare shows up in declining birth rates in VCOL. Since 2011, the number of babies born in NYC has declined 9%. San Francisco has the lowest share of children of any of the top 100 metros. Families with children older than 6 are in decline in high density urban areas. (There’s a great Atlantic article from Derek Thompson linked below)
 
The bottom line is that for all but the wealthiest ~5% of millennial households settling down and raising a family in a VCOL area is essentially unaffordable without significant tradeoffs or parental support. Buying a modest home in a VCOL area, sending your children to private school, funding your retirement, and owning a modest vehicle combined requires a household income of close to $300,000.
 
Before the hate mail begins, the key word in the sentence above is trade-offs. I’m well aware the maxing out a joint 401k is puts a household ahead of almost all other American families. Unlike some personal financial columnists, I’m in no way suggesting that earning $300,000 per year is close to poverty or any other nonsense like that. Clearly, earning $300,000 a year as a household is a rare privilege that lets you enjoy a very comfortable lifestyle.
The point I’m making is that in a VCOL a $300,000 salary does not make you feel affluent. You’re still likely stressed about money, still having to save for years to afford a down payment, driving a modest vehicle, etc. Meanwhile, any of your friends who live in Austin, Denver, etc. are able to enjoy a more stereotypical upper middle class life. Not to mention that your friends who move to Boise, Pittsburgh, etc. likely feel flat out wealthy.
 
Taxes are also worth a passing mention. Households making $200,000 in salary, maxing out both partners 401k, pay ~$10k in state / local taxes in VCOL areas (LA, SF, NYC, Boston). It’s worth noting that RSUs, i.e. the bulk of employees compensation at Big Tech firms, are taxed as regular income. Texas, Florida, Nevada, Washington, and New Hampshire all have no income taxes and most have booming metropolitan areas. The recent tax law changes passed by President Trump have also compounded the situation by increasing the standard deduction to $24,000 for married couples and capping the state and local tax deduction to $10k.

Job Dispersion:

As I mentioned above, the VCOL areas had stagnating or modestly declining populations even in 2019. In stark contrast, the sunbelt & Southern cities are booming. Austin, TX experienced a 2.8% population increase in 2019. Denver, CO experienced a 1.5% population increase. Boise, Idaho was the fastest growing city in the US over the past decade. Even Orlando, FL is growing at over 1% a year.
 
And employers are more than happy to open offices in lower cost, “business friendly” locations. Palantir announced its intention to shift to Denver, CO. Tesla plans to open up its Gigafactory near downtown Austin. Startup funding in Austin continues to rise (albeit from low levels).
Even well established Silicon Valley offices have rapidly growing satellite offices in Austin, Denver, etc. Facebook has 1200 employees in Austin (compared with ~15,000 in San Francisco). Google has > 1500 employees in Austin as well. Google also employs 1500 employees in Denver / Boulder.
 
Many of these regions are anchored on world class research universities as well. The University of Texas at Austin has top 10 computer science and engineering programs. Carnegie Mellon in Pittsburgh is a Top 5 computer science school and leader in Artificial Intelligence research. The University of Minnesota has a top 2 Chemical Engineering program.
 
We unfortunately can’t discuss job dispersion without addressing the vociferous work from home debate. I frankly don’t think the pandemic will significantly impact the work from home trend long term. Many high paying sectors have already moved towards flexible work arrangements. Glancing at McKinsey’s website, we see that many of their positions list 20+ major metros as possible locations, including Atlanta, Chicago, Denver, etc. Snowflake, the hottest company of 2020, lists 237 open positions on their website. Only 86 of those are in listed as San Mateo (their SF Bay Area headquarters), mostly in engineering / internal operations. The reason is obvious: over 125 positions (i.e. 55+%) are in customer facing roles in sales, professional services, etc. Companies want a geographic dispersion of these roles both across the US and internationally.
 
It’s also worth mentioning that “elite” companies, who provide a disproportionate number of the jobs for high income millennials, frankly don’t have that many employees. Alphabet and Facebook combined have only ~200,000 employees despite a market cap of approximately $2 trillion dollars. Bain & McKinsey combined only have ~30,000 employees. JP Morgan chase has 256,941 employees, but only 37,000 (14.4%) are in New York. The largest single office for JP Morgan is actually in Columbus, Ohio and houses 11,050 employees.
We’re also seeing a bit of a “resource curse” for VCOL cities as the extremely high costs of living / business drive out firms who aren’t as profitable per employee. McKesson, #8 on the S&P 500 list by revenue, moved its HQ from San Francisco to Dallas in 2018. Charles Schwab, is leaving San Francisco while expanding its offices in Denver & Dallas.
 
The bottom line is that the trend was already clear pre-pandemic. The leading companies, who pay the highest salaries, are actively investing in satellite offices or remote positions across the United States. For tech and management consulting companies, this helps distribute their customer facing sales and service teams. For financial and other companies, they are able to lower their costs by moving back-office operations outside VCOL areas. Meanwhile, companies who aren’t able to match the compensation packages of elite firms or want to lower their cost of business are relocating to cheaper areas.
As a final point, Forbes has an interesting article about the top 15 metro areas ranked by revenue of Fortune 500 companies headquartered there. While the New York metro area dominates the list with 65 companies that earn $1.7 trillion in revenue, and the greater SF / San Jose area is second with ~$1.5 trillion, the next 2 spots are Dallas ($996.2 billion) and Chicago ($842.2). Minneapolis and Houston also are in the top 7 spots, above either Boston or Washington DC.

Supply:

Concerns about multifamily supply had already started in mid 2019. Years of low interest rates and strong rental price growth had led to dramatic booms in apartment housing. Fannie Mae (the government agency) has detailed insights into the multi-family market across major metros. Helpfully they also include rent growth predictions from 3 large real estate analytics companies.
 
The Boston, MA core urban area had a projected ~10,000 units in the pipeline for 2020 (estimated at 4-6% new supply). Rent price increases were estimated at average of 2% and trending downward pre-pandemic.San Francisco had planned delivery of ~5,000 new unites in 2019 and 2020 with a projected increase in vacancy rate of 5% (trending towards balanced). New York City already had a glut of luxury apartments in 2019, with stagnant or negative rent growth projected pre-pandemic.
It’s worth noting that while single family home construction has continued to lag demand, multi-family home construction rebounded to pre Great Financial Crisis levels by 2013. By 2015, multifamily construction had hit the highest level since 1987.
 
We can see the effect of supply in the fact that average rental prices in several VCOL had started to plateau around late 2018. Boston, MA saw rental price growth of only ~2-3% annually between 2016 and 2019 according to RentCafe. RentCafe also shows San Francisco average rents increasing from $3450 in Nov 2016 to $3683 in Nov 2019, for an annual increase of 2-3% as well. Brooklyn, NY average rents increased from $2603 in Nov 2016 to $2928 in Nov 2019 for a total increase of 12% or ~4% per year. One thing to keep in mind is that these average rents don’t take into account hedonistic adjustments, i.e. people moving into nicer, new luxury apartments and paying slightly more.

Immigration / Baby Boomers / Gen Z:

With evidence pointing towards a modest decline in the number of millennials in VCOL areas, could other groups offset their departure? What about foreign immigrants?
 
Regardless of your thoughts on the Trump administration, it’s clear the administration has kept its promise to reduce foreign immigration into the United States. In 2018, the New York Times reported that net immigration to the US was only 200,000, the lowest level since the Great Recession. The same article, along with a related article from PBS also notes in particular that Chinese student attendance has dropped significantly due to concerns over visas, geo-political tensions, and violence. The current pandemic and recent trade tensions are likely to only exacerbate the situation. The Department of Homeland Security websites shows that “Persons obtaining lawful residence in the US” dropped by ~150,000 between 2016 and 2019 (or ~10%). This is a problem for VCOL which have relied upon foreign immigration to make up for net domestic migration. Foreign investment has often followed this migration.
At the moment, there also isn’t an obvious political constituency to argue for increased legal immigration into the US. The Democratic Party’s immigration policy is largely focused on legalizing the Dreamers, i.e. children born to undocumented immigrants. The Republican Party’s immigration policy has largely focused around halting illegal immigration.
 
What about baby boomers returning to the cities for their golden years? The New York Times cites census data which indicates that 17.8% of 54-72 year olds live in urban areas (defined by density). This compares with 21.6% in 1990. Moreover, while more baby boomers are renting, they seem to prefer to do so in suburban areas.
 
Well, what about Gen Z (those born after between 1997- 2012)? First of all, the generation is smaller than millennials by about 5 million individuals. Second, a Pew research study has found that for the oldest Gen Zers (18-23), over 50% have reported that they or someone in their household has lost a job or pay in the recent recession compared to 40% of millennials and only 25% of Baby Boomers. Last, but likely most important, the millennials successfully revitalized and then gentrified large parts of the VCOL urban cores. As a consequence, to borrow a phrase, the rents are already too damn high. Gen Z will enter the workforce already facing sky high rents in VCOL while dealing with a weaker labor market due to the COVID induced recession.
 
The bottom line is that there is no obvious group to replace the millennials if they start exiting core VCOL urban cores in large numbers.

Final Thoughts:

Whew, if you made it this far congratulations! I started writing this as a way to organize my thoughts, then frankly became fascinated in the topic.
If I were to summarize this article, I would say “demographics is destiny” or “the pandemic accelerates, but does not change, existing trends”. The 2010s saw the largest generation since the Baby Boomers delay the traditional milestones of adulthood to focus on their careers, education, and finances. Millennials preference for dense, walkable urban areas with deep job markets led to the urban renaissances of VCOL areas and accompanying spike in rents. A boom in multifamily construction followed as real estate developers rushed to deliver luxury rental apartments to cater to this new class of affluent urban dwellers.
 
The 2020s will see VCOL areas deals with the consequences of their success. Most millennials simply cannot afford to raise families in VCOL areas. Even before the pandemic we saw net migration increasing out of VCOL towards the booming Southern / Southwestern areas of the country. Companies are more than willing to follow suit, either by moving directly or by opening satellite officers to take advantage of cheaper real estate and lower taxes. Unfortunately this increase in departures is occurring exactly as multifamily supply continues to increase in VCOL areas due to a multiyear boom in construction. And there is no evidence that I've seen of any other demographic group who will rush to fill the vacancies generated by millennials. Baby boomers continue to prefer warm, low tax, suburban areas. Foreign immigration is depressed and likely to remain so for a variety of factors. Gen Z, with ~5 million fewer members than the millennials, is graduating into a depressed labor market with rents already inflated far past what the median salary can afford.
 
I want to emphasize that this is a modest shift in population, not a panicked flight. A number of affluent millennials will continue to reside in VCOL areas and even purchase long term residences (particularly with parental aid). Millennials who were able to buy in 2012-2014 have enjoyed significant real estate appreciation and are also likely to remain in those areas. But these modest population decreases will lead to a flat to negative rent price growth in VCOL areas as the market struggles to absorb additional luxury supply.
 
Unfortunately, as has been a recurring theme during this pandemic, the pain will be felt most acutely by small-scale landlords who bought properties recently in VCOL areas. Residential Real Estate is in some ways a zero sum game in that each tenant can usually only occupy one unit at a time. The large, publicly traded coastal REITs are currently tapping the corporate credit markets to push out their existing debt maturities and raise additional capital at historically low rates. They can, and are, offering deep concessions for their luxury units to attract tenants. They also typically have diversified into suburban areas and can invest opportunistically into high growth areas (notably Denver). They also have historically attracted the more affluent tenants who are willing to pay a premium for amenities (concierage, gyms, etc.) and are least affected by the pandemic.
 
To end on a positive note, I think the migration of millennials to more affordable, emerging cities is a net positive for the United States. Entrepreneurship, measured by small business formation in the US, has been dropping for years. I think part of the problem is that millennials in VCOL are locked into high paying career paths to afford rent, childcare, etc. Likewise spreading economic growth across the country and revitalizing other areas of the US may help bridge some of the bitter partisan politics.
 
P.S. If I post links in my posts they usually get blocked. I generally used NYT, Fannie Mae, the GAO, RentCafe (part of Yardi), and the Atlantic for my sources. If you're curious about a particular source I'll post it
submitted by cooleddy89 to investing

9

An expose into UK media corruption part 2 of 2

(... continuing directly on from part 2)
In regards to The Guardian thanks to the potentially misleading reports by Channel 4 news someone personal to me (not revealing who due to it potentially blowing my cover) linked me this article: https://www.theguardian.com/us-news/2020/aug/27/white-supremacists-militias-infiltrate-us-police-report?utm_source=pocket&utm_medium=email&utm_campaign=pockethits
There are 3 major problems with this article:
  1. Not only have The Guardian decided not to disclose the fact that Kyle Rittenhouse lawyer has claimed that Kyle Rittenhouse was working as a community lifeguard on the day in question to help out clean graffiti and damage from a local highschool (with Channel 4 news also claiming he's a militia member even though there has been no evidence to condclude that Kyle was part of a militia group as the local vigantile group The Kenosha Guard has said that they're not certain if Kyle Rittenhouse were part of their group so the claim of white supremacist is unproven at best and baseless and false at worst) whilst also withholding the fact that Kyle received information of a call from a local auto dealership who need help protecting his business from further destruction (where once police dispersing a croward came past Kyle where although they were being taunting and threatened towards Kyle no physical altercation took place which was not disclose in The Guardian article) but also that in the guns used in the killing were not only provided to Kyle (which is not disclosed in The Guardian article that the guns used in the killing were from outside the state of Wisconsin as well as not disclosing the fact that Kyle may have a claim to self defence due to how wide Wisconsin state law on concealed carrying in regards to an exception for rifles and shotguns, intended to allow people age 16 and 17 to hunt as well as The Guardian article not disclosing that Wisconsin is an open carry state) and from within the state of Wisconsin but also that not only did the local police change formation and close down a route which Kyle used to go between the auto mechanic shop and gas station after Kyle went back to the gas station the second time after helping out people who were injured by admistrating first aid or directing them to place which dealt with more serious injuries (and confirming there were no more injuries) Kyle after learning that the police had blocked his path back to the auto shop and complying with them was going back to the gas station (which The Guardian article does not disclose) where Mr. Rittenhouse was latter seen being chased by an unknown group of people into the parking lot of another dealership several blocks away when Kyle's first victim Joseph Rosebum (who The Guardian article hid the fact that he was a convicted pedophile and had occured 42 disciplinary infractions in Arizona federal prison) not only taunted at Kyle to shoot him in the head (which The Guardian article also hid the fact of) but also that then at the same time an unknown 3rd party trying to shoot at Kyle (which The Guardian article did not disclose) which then lead to Kyle not only running for his life but also that whilst being chased down not only was Kyle ambushed by Joseph Rosebum who tried and failed to disarm him (with The Guardian article also failing to disclosing that something was thrown at Kyle Rittenhouse by Joseph Rosebum) who then got shot and later died, Gaige Grosskreutz and Anthony Hubertried tried to ambush Kyle (who The Guardian article fails to disclose that both were armed with video evidence showning Gauge Grosskreutz having a gun and Anothny Hubertried having a skateboard as a weapon) with Kyle then running for his life who uninetionatality tripped over and with two people attacking him on the ground (with Anthony Hubertried using a skateboard to smash Kyle over the head and Gauge Grosskreutz having a gun which The Guardian article failing to disclose the fact that both Anothh Hubertried and Gauge Grosskreutz were armed with The Guardian article also failing to disclose the fact that they both had criminal records for battery, strangulation and intoxication with Gauge Grosskreutz having a gun) and just as other people where closing in on Kyle, after Kyle shot twice (one to Anothny Hubertried who later died and one to Gauge Grosskreutz) after calling someone saying that he killed Kyle Rittenhouse then tried to turn himself in but the police ignored him at the time wanting for him to move from the area (which The Guardian article did not disclose the fact that he handed himself into Antioch, Illinois police as well as falsely claiming that Kyle was walking past the police even though he had his hands up away from the gun trying to grab the polices attention to arrest him).
The fact that even the local mallitia group The Kenosha Guard is uncertain if Kyle Rittenhouse was connected to their group as well as confessing to someone on the phone that he killed someone: https://www.msn.com/en-us/news/crime/what-we-know-so-far-about-kyle-rittenhouse-accused-vigilante-in-kenosha-shooting/ar-BB18p9Dw
Kyle Rittenhouse lawyer discussing why Kyle Rittenhouse was in Kenosha on the day in question: https://www.scribd.com/document/474027394/Pierce-Bainbridge-Statement-on-Kyle-Rittenhouse-8-28-20?fbclid=IwAR2dLfHpBVMQGuwGs6Viknh88hEkrnyiT18P-QDe0zBqftN5y88T_WuHWdM
How Wisconsin is an open carry state: https://en.m.wikipedia.org/wiki/Gun_laws_in_Wisconsin
How not only that Kyle Rittenhouse may have a self-defence claim due to how poorly worded and wide Wisconsin Gun laws are in regards to an exception for rifles and shotguns, intended to allow people age 16 and 17 to hunt but also how the guns used in the killings were within Wisconsin (and that Wisconsin is an open carry state): https://eu.jsonline.com/story/news/crime/2020/08/26/wisconsin-open-carry-law-kyle-rittenhouse-legally-have-gun-kenosha-protest-shooting-17-year-old/3444231001/
Police changing tatic and referring protest down towards Kyle Rittenhouse: https://mobile.twitter.com/EstaVivo/status/1300132953314525185
Kyle Rittenhouse providing EMT support: https://www.nytimes.com/2020/08/27/us/kyle-rittenhouse-kenosha-shooting-video.html
Joseph Rosebum taunting Kyle Rittenhouse to shoot him in the head: https://twitter.com/Julio_Rosas11/status/1298474730966659072?s=20
Article on Joseph Rosebum taunting Kyle Rittenhouse to shoot him in the head: https://nationalfile.com/video-rioter-repeatedly-says-shoot-me-nga-get-shot-in-the-head-moments-late
How Joseph Rosebum has been convicted for child molestation and accumulated 42 displinary infractions whilst in Arizona federal prison for said sexual conduct with a minor: https://nationalfile.com/kenosha-protester-allegedly-shot-in-head-by-kyle-rittenhouse-was-convicted-pedophile/
Further evidence on how Joseph Rosebum is a convicted pedophile and had 42 displinary infractions whilst in Arizona federal prison for child molestation: https://www.bailbondshq.com/arizona/azdoc-inmate-JOSEPH/172556
An unknown 3rd party firning the 1st shot: https://twitter.com/trbrtc/status/1298840777251008512?s=20
Joseph Rosebum ambushing Kyle Rittenhouse causing Kyle Rittenhouse to shoot him: https://twitter.com/AntifaWatch2/status/1298649108585099264?s=20
Anthony Hubertried chasing and ambushing Kyle Rittenhouse with his skateboard: https://nationalfile.com/man-who-attacked-kyle-rittenhouse-with-skateboard-convicted-for-domestic-abuse-twice/
Anothny Hubertried littany of convictions including battery and strangulation part 1: https://wcca.wicourts.gov/caseDetail.html?caseNo=2012CF001346&countyNo=30&index=0&mode=details
Anthony Hubertried littany of convictions including battery and assult part 2: https://wcca.wicourts.gov/caseDetail.html?caseNo=2018CM000509&countyNo=30&index=0&mode=details
Gauge Grosskreutz criminal track record: https://wcca.wicourts.gov/caseDetail.html?caseNo=2016CM001014&countyNo=40&index=0&mode=details
Gauge Grosskreutz having an gun: https://nypost.com/2020/08/28/alleged-kenosha-shooters-lawyer-claims-self-defense-amid-new-video/
Image of both Anothny Hubertried and Gauge Grosskreutz using an object as a weapon and having a gun respectively: https://twitter.com/RealJamesWoods/status/1298693105617534976?s=20
How both Gauge Grosskreutz and Anthony Hubertried ambush Kyle Rittenhouse and attacked him both the both got shot: https://nypost.com/2020/08/26/videos-capture-wild-moments-that-led-to-deadly-shootings-in-kenosha/
Videos showing both Gauge Grosskreutz and Anothny Hubertried chasing after Kyle Rittenhouse who were both armed: https://twitter.com/trbrtc/status/1298842098163216384?s=20
How Kyle Rittenhouse tried to turn himself in but the police ignored him: https://www.japantimes.co.jp/news/2020/08/29/world/crime-legal-world/us-kyle-rittenhouse-kenosha-police-brutality-protests/
  1. Not only has The Guardian article not disclosed the fact that the police were there to arrest Jacob Blake for allegedly committing sexual assult (as well as having an arrest warrant for a previous felony sexual assult charge) minutes before the police arrived on scene (which is not disclosed in The Guardian article that Jacob Blake had violated a restraining order as well as the fact that the victims car keys was stolen which she then called the cops and purses Jacob which wasn't disclosed in The Guardian article) and the fact that the police allegedly told Jacob to "drop the knife" which why they had tasered him in the first place but also that when police told him to stop not not only did Jacob go to the car which had multiple children inside but also that not only was it later revealed that Jacob confessed to having a knife but also said knife was found inside the floorboards of the car (which the alleged sexual assult plus the fact that Jacob was tasered and ignored the cops about to get a knife out of the car was the reason why he was shot) with The Guardian article also failing to disclose in The Guardian article that Jacob Blake's father has made several anti-semitic and anti-white comments on Facebook.
The background and full context as to why Jacob Blake was shot: https://nypost.com/2020/08/28/this-is-why-jacob-blake-had-a-warrant-out-for-his-arrest/amp/?__twitter_impression=true
Police dispatch audio proving that Jacob Blake wasn't there to stop a domestic dispute between two women: https://madison365.com/kenohsa-police-opened-fire-less-than-5-minutes-after-being-called-scanner-audio/
Kenosha police alleging that Jacob had a knife in his hand which lead to Jacob being shot contradicting the Wisconsin Attorney General: https://nypost.com/2020/08/29/kenosha-cops-say-jacob-blake-was-holding-knife-contradicting-ag/
Not only do the Wisconsin Department of Justice Reval that there was a knife had been found in the car that Jacob Blake's was rushing to but also that he confessed to having a knife: https://nypost.com/2020/08/26/jacob-blake-had-a-knife-in-his-car-when-he-was-shot-by-police-doj/
  1. Not only has The guardian article failed to disclose that the bodycam footage leading up to George Floyd has been released (which shows George Floyd not only disobeying police orders and resiting arrest) but also that not only did George Floyd said "I can't breath" whilst police were trying to get him in the back of the police car before asking to be put on the ground but also that not only The Guardian article has refused to mention that the Minneapolis Police training manual instructs officers on how to subdue violent or resisting suspects by placing their knee on the neck of said suspect but also that it's been revealed that George Floyd's had a fatal fentanyl level of 11 which under normal circumstances would kill someone 2 to 3 times over which The Guardian article has not disclosed (with all 3 medical reports admitting that he was on drugs durning his death as well as having Covid-19) and that if George Floyd had died somewhere else and there were no contributing circumstances then George Floyd's death would be ruled as an drug overdose death (though the two other memos filed Tuesday from the Hennepin County Attorney’s Office about conversations with Chief Hennepin County Medical Examiner Dr. Andrew could be incomplete because they were awaiting microscopic slides, pictures and other evidence from the Hennepin County Medical Examiner’s report).
Police cam footage from Thomas Lane point of view: https://m.youtube.com/watch?v=VhwxGzYU2ts
Not only George Floyd resting arrest and police orders but also not only saying "I can't breathe" before he's even entered the police car but also asking to go onto the ground: https://m.youtube.com/watch?v=XkEGGLu_fNU
Transcript of bodycam footage leading up to George Floyd's death: https://www.startribune.com/read-the-transcript-of-thomas-lane-s-body-camera-footage/571678791/
Confirmed reports of the Minneapolis Police training manual instructing officers how to subdue violent or resisting suspects by placing their knee on the neck of said suspect: https://www.msn.com/en-us/news/us/minneapolis-p-d-trained-officers-to-use-the-neck-restraint-that-killed-george-floyd-docs/ar-BB16vgu6
Courts documents concluding that George Floyd died at least in part due to a drug overdose part 1: https://mobile.twitter.com/MrAndyNgo/status/1298403284416249856?ref_src=twsrc%5Etfw
Courts documents concluding that George Floyd died at least in part due to a drug overdose part 2: https://www.fox9.com/news/court-filings-medical-examiner-thought-george-floyd-had-fatal-level-of-fentanyl-in-system
How George Floyd had covid-19 durning his death: https://www.snopes.com/ap/2020/06/04/autopsy-report-shows-floyd-tested-positive-for-coronavirus/
In terms of Channel 4 the reason why I am potentially asking for a investigation into them is because of their "black takeover day" has 2 massive legal problems.
The initial announcement of Channel 4's black takeover day: https://www.channel4.com/news/british-television-can-tell-better-stories-if-it-better-reflects-who-we-are-as-a-nation-historian-david-olusoga
Further details on Channel 4's black takeover day from Channel 4 themselves: https://www.channel4.com/press/news/channel-4-kickstarts-fresh-push-greater-and-screen-representation-black-takeover-day
  1. Channel 4's "black takeover day" may actually break the law as Section 13 (1), Section 13 (5) and Section 14 (1) of The Equality Act of 2010 as segerating from two races interacting one another is banned under Section 13 (5) of The Equality Act of 2010 and what Channel 4 is doing is segerating one race in this case blacks from the other race which in this case is literally any other race apart from black with this black takeover day not only having the dire implication that black shows can't do well on channel 4 on their own so they have to be propped up via affirmative action policies but also that since Channel 4 is giving priority of one race over another via their black takeover day then that would be illegal under Section 13 (1) and Section 14 (1) of The Equality Act of 2010 since you can't give preferential treatment of one race over another (which is also the reason why affirmative action is actually extremely similar to racism in that they hire people based on their racial idenity with the only difference being between racism and affirmative action is that racism is usually basing the hirning of someone on their racial idenity usually of and favouring the race, creed, colour and/or national origin majority of that country's demographic base thus discriminating against that country's race, creed, colour and/or national origin minority whilst with affirmative action it's solely based on the hirning of someone on the race, creed, colour and/or national origin minority of that country's demographic base thus discriminating against that country's race, creed, colour and/or national origin majority).
  2. In terms of Channel 4's black takeover day it may actually fall under Wednesbury Unreasonableness/Associated Provincial Picture Houses Ltd. v Wednesbury Corporation of 1947 and Council of Civil Service Unions v Minister for the Civil Service of 1984 as Ian Katz (head of programming at Channel 4) has said in regards to Channel 4's takeover day: “Channel 4 was created to give voice to underrepresented parts of society and do things which other broadcasters would not, and the Black Takeover qualifies on both counts. It will be much more than a day of eye-catching programming, providing a focal point for our efforts to drive up on and off screen representation and leaving a lasting legacy on the channel and beyond.” There just three massive problems in this statement which Ian Katz has not addressed. The first problem in regards to Ian Katz statement in regards to Channel 4's black takeover day is that the pro-diversity Creative Diversity Network (CDN) found that In Their The Diamond: The Third Cut report which via after surveying over 30,000 diversity forms relating to over 600,000 TV production contributions found that BAME (Black, Asian, Mixed Race and Ethinic Minorities) already account for 22.7% of on-screen representation across the major broadcasters, despite making up 13% of the working-age population which means that Ian Katz comment about how "Channel 4 was created to give voice to underrepresented parts of society and do things which other broadcasters would not, and the Black Takeover qualifies on both counts." is misleading at best since BAME people are actually already overepresented as it is within the UK TV industry on screen even with this black takeover day stunt. The second problem in regards to Ian Katz statement in regards to Channel 4's black takeover day is that in regards to representation off screen in regards to BAME and Channel 4 (and not the UK TV industry as a whole) even without the black takeover day BAME people are actually overepresented off screen at Channel 4 with 21.8% of people on screen on Channel 4 vs just 12.9% of the National population. The their and final problem in regards to Ian Katz statement in regards to Channel 4's black takeover day is that in regards to representation on screen in regards to BAME and Channel 4 (and not the UK TV industry as a whole) even without the black takeover day BAME people are actually overepresented off screen at Channel 4 with 16.2% of people on screen on Channel 4 vs just 13% of the National population. Now how does this potentially fall under Wednesbury Unreasonableness/Associated Provincial Picture Houses Ltd. v Wednesbury Corporation of 1947, simply that durning the summing up judgement of Council of Civil Service Unions v Minister for the Civil Service of 1984 Lord Diplock set the legal principle Wednesbury Unreasonableness/Associated Provincial Picture Houses Ltd. v Wednesbury Corporation of 1947 as: "a decision which is so outrageous in its defiance of logic or of accepted moral standards that no sensible person who had applied his mind to the question to be decided could have arrived at it." and since not only is Channel 4's black takeover day is illogical (since as shown as above black people are already overepresented at Channel 4 as it is) and immoral (since as shown in the first example of the massive potential legal problems of Channel 4 doing black takeover day may actually not only constitute 3 major law violations in regards to Section 13 (1), Section 13 (5) and Section 14 (1) of The Equality Act of 2010 and not only having the dire implication that black shows can't do well on channel 4 on their own so they have to be propped up via affirmative action policies but also that affirmative action is actually extremely similar to racism in that they hire people based on their racial idenity with the only difference being between racism and affirmative action is that racism is usually basing the hirning of someone on their racial idenity usually of and favouring the race, creed, colour and/or national origin majority of that country's demographic base thus discriminating against that country's race, creed, colour and/or national origin minority whilst with affirmative action it's solely based on the hirning of someone on the race, creed, colour and/or national origin minority of that country's demographic base thus discriminating against that country's race, creed, colour and/or national origin majority) then no reasonable person would have done what Channel 4 has done in relation to Channel 4's black takeover day.
Associated Provincial Picture Houses Ltd. v Wednesbury Corporation of 1947/the origin of Wednesbury unreasonableness: https://www.bailii.org/ew/cases/EWCA/Civ/1947/1.html
Council of Civil Service Unions v Minister for the Civil Service of 1984/Lord Diplock set the legal principle Wednesbury Unreasonableness/Associated Provincial Picture Houses Ltd. v Wednesbury Corporation of 1947: https://www.bailii.org/uk/cases/UKHL/1984/9.html
The Diamond: The Third Cut report: https://creativediversitynetwork.com/wp-content/uploads/2020/02/CDN_Diamond_25Feb.pdf
In regards to the BBC after these two cases below I think it may be grounds for and investigation in regards to the BBC and the IR35 tax scandal to see if there are any other cases that are currently unknown:
https://www.qdoscontractor.com/news/2019/09/24/bbc-presenters-forced-to-work-through-pscs
https://www.peoplemanagement.co.uk/news/articles/former-bbc-presenter-unpaid-ir35-tax-hmrc
The facts of both of these cases are that the BBC made 4 people (3 in the first case and 1 in the second case) redundant and gave them redundancy pay and gave them an ultimatum where if they don't set up a Personal Service Companies (where upon the BBC pay directly to each of the Personal Service Companies and those people take the money out of their Personal Service Company that way the BBC can avoid paying IR35 tax as well as national and employee insurance) then they won't ever work for the BBC again and thanks to this ruling the government shutdown the IR35 tax loophole thanks to these two cases.
Government shutting down the IR35 tax loophole due to the BBC IR35 case: https://www.personneltoday.com/hir35-april-2021/
Before I finish this letter and email I just want to add that the reason why I am sending this email in the first place is because I noticed inaccuracies or birdlime lies which no one seems to pickup up on and since no one is reporting on them it means outright lies can spread which has lead someone personal to me (who I won't disclose in this email due to it potentially blowing my offer) not only believing in these lies but also email me stuff which is riddled with either omissions, unproven at best and at worst straight up false claims and straight up lies about events (which if you want I can forward to you) and since no one is pointing this out then I shall stand up for both myself and those around me and call all of these halftruths or untruths out.
Regards
Who watches the Watchmen
submitted by Enough-Oil-2003 to WayOfTheBern