Category Democrats moving to Communism

Jun 10 2023

A Visual Example of Joe Biden Caught in the Act of a 18 U.S. Code § 793 Violation According to Special Counsel Jack Smith


Posted originally on the CTH on June 9, 2023 | Sundance 

In the Trump indictment the DOJ is not, repeat NOT, arguing a classified documents case.  The entire legal framework is centered around documents they define as vital to the defense security of the United States.  EVERYTHING is predicated on this 18 U.S. Code § 793(e) violation:

18 U.S. Code § 793 (e) Whoever having unauthorized possession of, access to, or control over any document, writing, code book, signal book, sketch, photograph, photographic negative, blueprint, plan, map, model, instrument, appliance, or note relating to the national defense, or information relating to the national defense which information the possessor has reason to believe could be used to the injury of the United States or to the advantage of any foreign nation, willfully communicates, delivers, transmits or causes to be communicated, delivered, or transmitted, or attempts to communicate, deliver, transmit or cause to be communicated, delivered, or transmitted the same to any person not entitled to receive it, or willfully retains the same and fails to deliver it to the officer or employee of the United States entitled to receive it. 

According to the Trump indictment, COUNT #7 – page 29, a document “concerning communication with the leader of a foreign country” is considered a classified document in violation of US Code 793, vital to national defense interests.

Do you want a historic example of this exact U.S. Code § 793 violation taking place?

Whose hands are those? [SOURCE] 

(Sept. 11, 2012)  – ”Denis McDonough, Deputy National Security Advisor, left, updates the President and Vice President on the situation in the Middle East and North Africa. National Security Advisor Tom Donilon and Chief of Staff Jack Lew are at right.” (Official White House Photo by Pete Souza) [SOURCE]

In Joe Biden’s hands are the notes of a phone call, taken by then Vice-President Biden, recording the conversation between Barack Obama and Israeli Prime Minister Benjamin Netanyahu as recorded on September 11, 2012.  [The night of the Benghazi, Libya, attack on the U.S. Consulate]

How is this a violation of 18 U.S. Code § 793 (e)?

You are reading them!

See how that works?

Jun 10 2023

Listen Carefully, Special Counsel Jack Smith Delivers Statement Following Trump Indictment – Indictment Link Included


Posted originally on the CTH on June 9, 2023 | Sundance 

I would strongly urge people, especially those who walk the deep weeds, to READ THE INDICTMENT carefully, before watching the remarks by special counsel Jack Smith as delivered today.  What you will notice is that 31 of the 37 counts alleged in the indictment are individual counts, one per document, specific to Statute 793(e) which pertains to defense department information.

There were, as claimed in the justice department prior court arguments, and again affirmed today in the indictment itself, 100 classified documents located by the FBI and DOJ after the Trump certification of compliance.  Of those 100 documents, 31 of them were specifically selected to represent the baseline for the 793(e) charge. Listen to Smith emphasize Defense and Defense Intelligence, and soon you will see why.  WATCH:

https://youtube.com/watch?v=m_U_imm2lBY%3Ffeature%3Doembed

~ READ INDICTMENT HERE ~

Jack Smith is relying on 18 U.S. Code 793, a law created in 1948 intended to stop contractors to the Defense Dept from stealing, selling, or copying U.S. defense system secrets, or patents on defense products. [READ THE LAW] The premise of 31-counts [each an individual document] pertain to “National Defense Security.”  The subsequent six counts are predicated around the claimed 793(e) violations.

The DOJ is not, repeat NOT, arguing a classified documents case.  The entire legal framework is centered around documents they define as vital to the defense security of the United States.  EVERYTHING is predicated on this 18 U.S. Code § 793(e) violation:

18 U.S. Code § 793 (e) Whoever having unauthorized possession of, access to, or control over any document, writing, code book, signal book, sketch, photograph, photographic negative, blueprint, plan, map, model, instrument, appliance, or note relating to the national defense, or information relating to the national defense which information the possessor has reason to believe could be used to the injury of the United States or to the advantage of any foreign nation, willfully communicates, delivers, transmits or causes to be communicated, delivered, or transmitted, or attempts to communicate, deliver, transmit or cause to be communicated, delivered, or transmitted the same to any person not entitled to receive it, or willfully retains the same and fails to deliver it to the officer or employee of the United States entitled to receive it. 

Despite the verbose language in the indictment, a key element of Lawfare, the case is weak. The prosecutors know it. I will explain.

NOTE:  Sixty nine documents in a Deep State rabbit hole!  ~Sundance

Jun 10 2023

Mark Levin Reacts to Trump Indictment – Frivolous Documents Charges


Posted originally on the CTH on June 9, 2023 | Sundance 

I am deep in the weeds and assembling notes for outlines to be delivered in the next several articles.  However, that said, perhaps the only time Mark Levin’s shouting was tolerable was last night as he responded to the indictment of President Trump.  WATCH:

.

NOTE:  Sixty nine documents in a Deep State rabbit hole!  ~Sundance

Jun 9 2023

Anti-Religious Left Targets Muslims


Armstrong Economics Blog/Education Re-Posted Jun 9, 2023 by Martin Armstrong

The anti-religious left originally set their targets on the “Christian extremists” who were ruining America. The far-left originally left Muslims out of the argument because they thought Trump’s refugee ban on Islamic nations would lead to votes for the Democrats. Since everything the woke agenda stands for goes against Islam, the left has turned on the community.

Democrat Kristin Mink, a member of the Montgomery County Council for District 5, criticized Muslim parents who did not want their young children to learn about adult content. “This issue has, unfortunately, does put… some Muslim families on the same side of an issue as White supremacists and outright bigots,” said Mink. “I would not put you in the same category as those folks, although, you know, it’s complicated because they’re falling on the same side of this particular issue.” So now Muslims are ”white supremacists.” Welcome to the club of the hated majority who is hated for simply existed outside the woke narrative.

In this particular instance, Muslim parents wanted the ability to opt out of teaching young impressionable children the LGBTQQIAAP2S+ agenda (yes, that is the acronym now). Mothers protested outside the school. Students joined in as well and said that they wanted to respect their religion. If you watch the video above, the sane parents are visibly upset. The other side is dancing around in rainbow flags completely ignoring the pleas of the parents, many who likely expected better education opportunities in America.

Armenian Americans, predominantly Christian, recently faced the same problem with public schools. The protest turned physical and numerous fights broke out. What would Armenians, who were only recently recognized for the genocide of their people, know about the struggles of the LGBTQQIAAP2S+? You’ll be hard-pressed to claim victimhood to people who may have lost relatives for simply existing.

Here is a teacher from that school in Glendale telling Armenians that they do not understand oppression. “I deal with a lot of the trauma of LGBT youth related to the hetero-normative, Judeo-Christian, patriarchal, imperialist, capitalist system that oppresses them…Armenians talk about the genocide but they received SSI but they don’t want to talk about the indigenous genocide in 1850, and the lack of reparations for indigenous and black people in this country,” the disturbed teacher stated.

OUT OF 2 MILLION ARMENIANS, 1.5 MILLION WERE MURDERED DURING THIS GENOCIDE!!!! But go on and tell us how you’re oppressed for being unable to tell little kids about sex.

The conservative Christians have been under attack for a long time in America. Muslims do not permit others to speak badly about their traditions and values. Christians have become immune to being the hated majority. No one is trying to erase the gay community, but the other side is trying to erase traditional values and religion. Christians and Muslims will unite under this cause to protect children from groomers pushing adult content into the public school curriculum.

Jun 8 2023

Major Hotel Chains Shutting San Francisco Locations


Armstrong Economics Blog/USA Current Events Re-Posted Jun 8, 2023 by Martin Armstrong

San Francisco and other blue cities are overrun with crime, permitted by light-on-crime policies. I know numerous people who travel for work, and all they can discuss after visiting cities such as San Francisco and Seattle is the urban encampments and rampant crime that occurs in broad daylight. Companies no longer wish to hold conferences in these dangerous drug-ridden cities, and it is causing hotels to shutter.

The Hilton San Francisco Union Square Hotel, the largest hotel in the city, and Parc 55 Hotel, the fourth largest, are fleeing the city. CEO Thomas J. Baltimore Jr. said that his hotels have lost almost all of their business from conferences and conventions. Park Hotels & Resorts Inc. (NYSE:PK) announced that it has stopped all payments toward its $725 million loan. They want to completely remove these hotels from their portfolio immediately. There is no saving the city at this point, and the smart money is leaving. “Unfortunately, the continued burden on our operating results and balance sheet is too significant to warrant continuing to subsidize and own these assets,” the company politely stated.

Quite a shame as this was once a beautiful city in a prime location. Hotels in San Francisco have to remind guests to park within enclosed, monitored parking garages because theft is so prominent. Some residents would like to turn a blind eye to the growing problem as the homeless population is beginning to outnumber them. The New York Post recently featured an article showing images of the vacant stores throughout the once desirable downtown as retail vacancy rose 6% in Q1 alone. Businesses, such as Whole Foods which was only open for one year, said they were worried about the safety of their employees.

What is the city doing to correct the problem? Nothing. They are downplaying the true crisis and wondering why tourism is nearly non-existent. The $120 million in budget cuts for the police department since 2020 has not helped the situation. Reports state that fewer than 80% of 911 calls are answered in a timely fashion, if at all. This is how cities fall under incompetent leaders who ignore problems in favor of votes.

Jun 6 2023

The Cloward-Piven Strategy


Aemstrong Economics Blog/Civil Unrest Re-Posted Jun 6, 2023 by Martin Armstrong

COMMENT: Your reporting on the Red Cross and other organizations that facilitate the mass importation of illegals into America is well done. But its purpose is about more than just a move to import a bunch of Biden voters to help secure a second term.
Are you aware of the Cloward and Piven strategy? These were two communist professors who devised a plan to take down the capitalist structure of the United States through mass illegal migration that overwhelms U.S. social safety net programs and local governments. It is an intentional plan to collapse the U.S. and bring in a new (global) regime that will issue ‘guaranteed basic income’ to all.
I’ve never seen you comment on Cloward and Piven, would you care to share whether Socrates shows their plan will be successful?

REPLY:

The four steps of the Cloward-Piven Strategy:
1. Overload and Break the Welfare System
2. Have Chaos Ensue
3. Take Control in the Chaos
4. Implement Socialism and Communism through Government Force

Overburden the bureaucracy to break the system, create controlled chaos, usurp power as civil unrest peaks, and offer government aid as the only solution. This was the basis behind the Cloward-Piven strategy created by sociologists Frances Fox Piven and her husband, Richard Cloward. The couple published their theory in The Nation Magazine on May 2, 1966, entitled “The Weight of the Poor: A Strategy to End Poverty.”

This was a decade of political activism in America. The war in Vietnam was raging on and the alternative hippie lifestyle became prominent as people protested the violence. The Black Freedom Movement and the push for equal civil rights had peaked and helped to end the Jim Crow laws in the South by 1965. The LA race riots, also known as the Watts Rebellion, occurred in 1965 as well after the police beat a black man who was arrested for a DUI. That particular riot lasted for six days and led to 34 deaths, 1,032 injuries, and over 3,000 arrests. This began a string of riots in America where black Americans and supporters clashed with police, similar to the events that occurred after the death of George Floyd that started the Black Lives Matter movement.

We had major political activists such as Martin Luther King Jr. making real change in America. The intelligence agencies had a close eye on him, and his death in 1968 is a topic for another post. On the other side were the likes of Malcom X, who originally did not advocate for peace as King did. The cohesive movement fell apart with mass unrest and no one at the helm. The movement began with African Americans asking for basic human rights and understandable anger. The purpose of the movement, again similar to BLM, became lost, and the government aimed to use the civil unrest to its advantage.

“[T]he strategy we propose, is a massive drive to recruit the poor onto the welfare rolls,” the sociologists wrote in their theory. This theory aimed to overburden social programs at the state level to give the federal government the power to control the people.

“Widespread campaigns to register the eligible poor for welfare aid, and to help existing recipients obtain their full benefits, would produce bureaucratic disruption in welfare agencies and fiscal disruption in local and state governments. These disruptions would generate severe political strains, and deepen existing divisions among elements in the big-city Democratic coalition: the remaining white middle class, the white working-class ethnic groups and the growing minority poor.”

Cloward and Piven noted that civil unrest was necessary to create change and encouraged the government to antagonize the masses. “The poor are most visible and proximate in the local community; antagonism toward them (and toward the agencies which are implicated with them) has always, therefore, been more intense locally than at the federal level.” As the anger brews and protests erupt, the government will lasso in the masses, acted as both the hero and the villain.

“In order to generate a crisis, the poor must obtain benefits, which they have forfeited. Until now, they have been inhibited from asserting claims by self-protective devices within the welfare system: its capacity to limit information, to intimidate applicants, to demoralize recipients, and arbitrarily to deny lawful claims.”

Tell the people that they are victims and instill a sense of entitlement for their neighbor’s assets. Remind the people consistently that they are oppressed and only an equal distribution of wealth can save them from the confines of poverty. Cloward and Piven insisted that hard work could not “elevate the poor en-mass from poverty.”

“The ultimate objective of this strategy–to wipe out poverty by establishing a guaranteed annual income,” the theory clearly stated. The theory stated that the creation of unions was a good start to bargain collectively, but still not enough to solve poverty. “Union leaders have understood that their strength derives almost entirely from their capacity to provide economic rewards to members,” the theory noted. “A federal program of income redistribution has become necessary to elevate the poor en masse from poverty,” meaning a shift away from capitalism entirely.

Cloward and Piven stated that a minimum standard of living must be provided to the people through federal welfare. That right must be guaranteed to end oppression, thereby ensuring Guaranteed Basic Income. Furthermore, there could be no conditions for benefits as it “results in violations of civil liberties.” Therefore, expecting able-bodied people to work would be an attack on the welfare system. The sociologists insisted that most people were in fact eligible for welfare and encouraged the government to advertise in brochures, schools, stores, churches, civic centers, and public housing projects. They even advised the government to send people door-to-door to explain to people that they are oppressed and deserving of GBI as a “civil education drive will lend it legitimacy.”

“As the crisis develops, it will be important to use the mass media to inform the broader liberal community about the inefficiencies and injustices of welfare.” To succeed, the shift away from capitalism required “mass influence” and “publicly visible disruption.” “Crisis can occur spontaneously (e.g., riots) or as the intended result of tactics of demonstration and protest, which either generate institutional disruption or bring unrecognizable eruption to public attention.”

The bigger the crisis, the more power the government could usurp. They noted that politicians paid attention to massive uprisings, and they had been used to “reinforce the allegiance of growing ghetto constituencies to the national Democratic Administration.” The sociologists noted that the Conservative Republicans would decry a public welfare system and that the Democrats needed to appeal to the emotions of the people over logic. They also urged for “a coalition between poor whites and poor Negroes” to turn the race war into class warfare.

“Once eligibility for basic food and rent grants is established, the drain on local resources persists indefinitely.” Cloward and Piven wanted to overburden the welfare system at the state level to eliminate state rights. Therefore, under this theory, government is encouraged to market a crisis, antagonize the people, and offer a solution. The only solution being to replace capitalism with socialism or communism by which the people would be entirely dependent on government. You will own nothing and be happy.

May 28 2023

The Thirst For Truth – Big Picture Explanation of What Happened in the Past 15 Years That Flipped the Social, Cultural, Media, Leftist and Govt Relationship


Posted originally on the CTH on May 27, 2023 | Sundance 

Last night I participated in a conversation. This article is written as an outcome of that conversation, as requested by those who participated.

Essentially, the framework of the conversation, as I initially listened, is best described as a series of questions amid a group of smart intellectual types who are very understanding of the nature of our current situation.

In various forms they were asking each other the same question.  What happened in the last several years that caused Democrats, leftists and the traditional political left to switch positions on their advocacy?

Liberalism literally went from railing against Big Govt, to embracing corrupt Big Govt. Why and how did this happen?

In short, it was the same line of questioning I have seen asked by Tucker Carlson, Glenn Greenwald, Tulsi Gabbard and various traditionally liberal people as well as people on the right side of the continuum.

Why and how did traditional liberalism so suddenly flip from being, big picture – ‘anti-government’, to suddenly embracing corrupt government enterprise, and supporting the intelligence apparatus, federal govt (writ large), institutional oppressive law enforcement and FBI etc.?  What happened?

After listening to this conversation quietly, as I am prone to do, my remarks -with citations and examples- silenced the room.

At the conclusion of my remarks, everyone asked me if I had ever written about this, and if not – why not?   I did not have an answer, so consider this a promise fulfilled.  Perhaps you might find value.

In the 50 years that preceded 2008, traditional leftists, media activists, left-wing community organizing agencies, Democrats, liberals, progressives, or whatever label you want to assign, essentially railed against the U.S. government and all that it represented.  However, now, if you were to look at the issues from the 30,000-foot perspective, those same groups currently support the oppressive & weaponized system of government they formerly despised.

In the 50 years that preceded 2008, those same groups had an approach of distrust toward government, and the media apparatus had a very distinct supportive and cynical outlook, favorable to the leftist anti-government perspective.  Now, all of that has reversed – seemingly flipped.

In the 50 years that preceded 2008, media pushed a one-way narrative in defense of those who were “targeted” by the institutions and mechanisms of government.  As the activists railed against the regime, the media framed narratives to excuse the transparently guilty. Now, that entire dynamic has reversed.  Now we see the media pushing a narrative in support of weaponized government targeting, and – here’s the kicker – framing the transparently innocent.

The activists went from accusing government of wrongdoing and defending the transparently guilty – to aligning with government, excusing government wrongdoing, and helping to attack the transparently innocent.

As some continue to say with jaw agape, WTF happened?

The answer “why” is not complicated…. not complicated at all.

In 2008, the ‘activists’ took control of government.

In January of 2009, the leftists, community organizers and activists took control of the systems they had opposed for the preceding 50+ years.

In January of 2009, and inflection point took place; an inflection point that no one realized in forethought, scale or consequence.

Starting in 2009, all of the systems of federal government were now under the control of the people who previously fought against the systems of federal government.  Everything since is an outcome of that inflection point; that’s why everything flipped.

All of it, and I do mean every scintilla of the thing; every single granular detail and example you can put in front of me can be traced back to that moment when the activists were no longer outside government railing against the corrupt system they hated.

Starting in January of 2009, the activists took power over the United States government, and every outside institution, including media, necessarily and ideologically followed that inversion.

Starting in 2009, the systems and institutions of the U.S government now came under the control of the radical activists.

In the eight years that followed, the mission of every institution was changed.  Government was weaponized on behalf of the leftist activists who now took control of it.  Everything thereafter is a consequence of this change.

When I use the word “suddenly”, it is only for understanding the inflections point that came as a consequence.  In actuality, the severity of change inside each institution took place over several years.  That’s why the intensity of the weaponized and corrupt systems became worse over time.

As each institution was infiltrated to become more aligned with the mindset of the activists, the institutions became more radical in their targeting and weaponization.

The activists went from being outside government to being inside government.

Suddenly, the left-wing supportive media changed mission priority from railing against corrupt government, to defending the corrupt weaponization of govt.

Suddenly, the FBI went from targeting domestic threats, to targeting only the domestic threats defined as against the interests of the left-wing activists.

Suddenly, the outside activists went from being defined as social elements creating turmoil, to social elements now being defended and even promoted.

This is why we see outside activist groups like the Dream Defenders, New Black Panthers, Black Lives Matter, Occupy Wall Street and more recently ANTIFA, as protected and supported by the activists inside government now in control of the systems and institutions.

All of the social, cultural and political dynamics that changed traditional “liberalism” are easily understood once you realize and accept that activists took control of the power centers of the U.S. government.

Everything that followed, including our current state of social and political turmoil, is simply a natural conclusion of that fundamental change.

The radical activists are now in control of the institutions of power.  This core shift is what created the dynamic of a very visible two-tiered justice system.  Each institution was weaponized and continues to be weaponized against those who are not aligned with the activist ideology.

The Dept of Justice has been weaponized against people who are not in alignment with the radicals.

The federal police, known as the FBI, have been weaponized against We The People.

The Intelligence Community is now under the control of the radical activists.  The mission priorities change accordingly.

When Tucker Carlson, Glenn Greenwald, Tulsi Gabbard or any other person posits the question about ‘why’ the ideology of the left and media has shifted so suddenly, there is your answer.

It is not a complicated understanding.   Once you accept this fundamental change took place, everything seemingly falls into place….

…. At least that’s what the “ah-ha” audience told me.

May 19 2023

April Home Prices Reflect Largest Year-Over-Year Drop in Decade, April Prices Drop 1.7%, Decline 23.2% from Prior Year


Posted originally on the CTH on May 18, 2023 | Sundance 

Homeowner equity is being erased. As higher interest rates continue to put pressure on borrowers, the ability of the average person to afford a mortgage diminishes.  Higher mortgage rates lead to downward pressure on residential home values as fewer borrowers can afford higher payments.  Simultaneously, commercial real estate is dropping in value as vacancies continue increasing.

Put both of these issues together and already tenuous banks holding mortgage bonds as assets can become more unstable.

This dynamic creates the continual tremors in the background of an economy already suffering from high inflation and low consumer purchasing of durable goods.

A perfect storm starts to realize.

(Wall Street Journal) – Sales of previously owned homes fell in April from the prior month and prices declined from a year earlier by the most in more than 11 years.

U.S. existing home sales, which make up most of the housing market, fell 3.4% in April from the prior month to a seasonally adjusted annual rate of 4.28 million, the National Association of Realtors said Thursday. April sales fell 23.2% from a year earlier.

The national median existing-home price fell 1.7% in April from a year earlier to $388,800, the biggest year-over-year price decline since January 2012, NAR said. Median prices, which aren’t seasonally adjusted, were down 6% from a record $413,800 in June. Home prices have fallen the most in the western half of the U.S., while prices continue to rise from a year earlier in many eastern markets. (read more) 

Before looking at today’s graph showing median existing home values, remember me saying this in 2021?:

“I said in June, at a macro level home prices had reached their peak (last two weeks of May, first two weeks of June was apex).  Obviously, there are some geographic home value increases still happening as COVID related regional issues and work opportunities are shifting populations.  There is also a lag and ripple effect that takes time to work through the economy.  The macro-apex will not be visible until next year.”

When I said that in 2021, people said I was wrong.   Well, with hindsight now visible within the data as it is reflected, look at the result:

May and June 2021 was the peak of year-over-year percent of change in median home value increases.

So, what was going on?

As CTH outlined in 2022:  If you look closely at the timing (keep in mind the data reporting lag) what you will notice is that financial institutions began a big surge in purchasing hard assets, specifically real estate, as soon as Joe Biden took office (Jan ’21), and the economic policy became evident.   Intangible financial instruments became an immediate risk as the professional financial control groups recognized energy policy would drive inflation (supply side) and devalued money would fuel it (demand side).

As an offset to predictable inflationary policy (the insiders’ game), institutional money (Blackrock, Vanguard, etc) was moved into hard assets with tangible value.

This shift in asset allocation, institutional sales, helped fuel a false surge in home prices and their valuations.  CTH was writing about this in 2021, and sounding alarms as it took place.  25% of all real estate purchases were being made by institutional investors.

We The People got screwed. 

The dynamic was predictable.  The Biden administration economic policy, energy policy and monetary policy, was going to cause massive inflation.  CTH was shouting about it in early 2021 and warning everyone to prepare for waves of price increases that would naturally surface first on high-turn consumable goods, and then embed into longer-term durable goods.

Despite claims to the contrary, this 2021 inflationary explosion had nothing to do with the pandemic or supply chain shortages.  It was entirely self-created by western governmental policy – the collective ‘Build Back Better’ agenda.  You can see now from the background moves within the financial sectors, they too knew the reality and their money shifts reflected that despite their ‘transitory’ pretending they were mitigating their own exposure.

We the People were yet again going to be victims of specifically intended monetary, regulatory, energy and economic policy.

The investment class rulers of the WEF assembly shifted assets to avoid the pain that we would feel.   We “would own nothing and be happy,” and their shifts would position them to own everything and be in control.

Overall govt spending and regulatory controls drove inflation for these past two years.  The ‘demand side’ was blamed, despite the lack of demand. I will be proven right when history is concluded with this.  Interest rates were raised by central banks in an effort to support the policies that are driving ‘supply side’ inflation – not demand side.

Energy policy was/is crushing the consumer by driving up the cost of all goods and services.  To support the overall goal of changing global energy resource and development (a false and controlled global operation), central banks raised interest rates.  Various western economies, including our own, have been pushed deeper into a state of contraction by central banks crushing consumer demand, and eliminating investment via increased borrowing costs.

In short, the goal was/is to lower energy consumption by shrinking the economic activity.  This, according to the BBB plan, was needed at the same time as energy development was reduced.  These economic outcomes are not organic, they are all being controlled by collective western government agreement.

Within this control dynamic, there was always going to be a point where the reaction of the people to their economic reality means the financial control elements need to shift direction.  They will always maximize profit and minimized risk, while knowing what the larger objective remains.

Just like every other durable good, housing demand contracts as prices and costs become unaffordable.  The loss of equity within your home is damaging to your own value or ability to borrow against it.

From the perspective of an institutional asset, that same equity drop is an investment loss.  However, the investment loss is not materialized until the sale of the lower valued asset is completed.  Retaining declining real estate on investment books creates an artificially high appearance of the investment result; unless and until the real estate is sold at a diminished value.

As mortgage rates rise, just as a consumer would pull back from the housing market, so too will institutional investment groups now control the slow dumping of the asset to remove the equity they pumped into it.  Much of the investment housing will be retained as rental housing, with the monthly rents being part of the returns on the investments.    However, as this dynamic unfolds, further investment purchases of houses stop, because the asset overall is declining in value.  This halt of investment activity also worsens a steeper drop in home values.