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	<title>Comments on: Have we hit a sales volume (not price) bottom in North Jersey?</title>
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	<link>http://njrereport.com/index.php/2009/07/14/have-we-hit-a-volume-not-price-bottom-in-north-jersey/</link>
	<description>Real Estate, Economics, and Politics</description>
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		<title>By: Jamey</title>
		<link>http://njrereport.com/index.php/2009/07/14/have-we-hit-a-volume-not-price-bottom-in-north-jersey/#comment-313528</link>
		<dc:creator>Jamey</dc:creator>
		<pubDate>Wed, 15 Jul 2009 23:40:01 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4452#comment-313528</guid>
		<description>12@

http://njrereport.com/index.php/2009/07/14/have-we-hit-a-volume-not-price-bottom-in-north-jersey/#comment-313247

What, no &quot;Frooooozennnn piiiiiiizzzza!&quot;</description>
		<content:encoded><![CDATA[<p>12@</p>
<p><a href="http://njrereport.com/index.php/2009/07/14/have-we-hit-a-volume-not-price-bottom-in-north-jersey/#comment-313247" rel="nofollow">http://njrereport.com/index.php/2009/07/14/have-we-hit-a-volume-not-price-bottom-in-north-jersey/#comment-313247</a></p>
<p>What, no &#8220;Frooooozennnn piiiiiiizzzza!&#8221;</p>
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		<title>By: NJCoast</title>
		<link>http://njrereport.com/index.php/2009/07/14/have-we-hit-a-volume-not-price-bottom-in-north-jersey/#comment-313424</link>
		<dc:creator>NJCoast</dc:creator>
		<pubDate>Wed, 15 Jul 2009 17:13:07 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4452#comment-313424</guid>
		<description>#86 Beach Bum

Sideways house in Allenhurst has been reduced to $699,00. Original list $999,000. When you look at the house don&#039;t forget to ask the realtor about the school tax situation. If she says it&#039;s a non issue you&#039;ll know she&#039;s either clueless or a liar. Property taxes are going up big time there.

While in Belmar I would suggest Brandl&#039;s for upscale dining. It&#039;s pricy but good and BYOB (leave any small kids home). On Sunday they serve a 3 course &quot;Lazy Lobster&quot; dinner- $35.00. Langosta Lounge on the Asbury boardwalk is good too (kids menu). But don&#039;t wander around west of the boardwalk. Ollie Kleins in Belmar is a no frills seafood place but has gotten pricy since they expanded. Mr C&#039;s in Allenhurst has a bar that looks out over the ocean and al fresco dining on the deck (kids menu).

Windmill hotdogs rule. There&#039;s one on Rt. 35 in Belmar and one on Main Street on the Ocean Grove/Asbury border. Kelly&#039;s is also a good family place for Reubens and bar fare. Vic&#039;s in Bradley Beach for family pizza night.

Beach Cinema in Bradley Beach has date night Monday nights- 1/2 price movies.

Spellbinders Surf Shop on Main Street in Allenhurst for cool beach attire and surfing stuff.

Fell free to get my email address from Grim. I&#039;d be happy to have you stop by our beach for a martini or a &quot;Pain Killer&quot;</description>
		<content:encoded><![CDATA[<p>#86 Beach Bum</p>
<p>Sideways house in Allenhurst has been reduced to $699,00. Original list $999,000. When you look at the house don&#8217;t forget to ask the realtor about the school tax situation. If she says it&#8217;s a non issue you&#8217;ll know she&#8217;s either clueless or a liar. Property taxes are going up big time there.</p>
<p>While in Belmar I would suggest Brandl&#8217;s for upscale dining. It&#8217;s pricy but good and BYOB (leave any small kids home). On Sunday they serve a 3 course &#8220;Lazy Lobster&#8221; dinner- $35.00. Langosta Lounge on the Asbury boardwalk is good too (kids menu). But don&#8217;t wander around west of the boardwalk. Ollie Kleins in Belmar is a no frills seafood place but has gotten pricy since they expanded. Mr C&#8217;s in Allenhurst has a bar that looks out over the ocean and al fresco dining on the deck (kids menu).</p>
<p>Windmill hotdogs rule. There&#8217;s one on Rt. 35 in Belmar and one on Main Street on the Ocean Grove/Asbury border. Kelly&#8217;s is also a good family place for Reubens and bar fare. Vic&#8217;s in Bradley Beach for family pizza night.</p>
<p>Beach Cinema in Bradley Beach has date night Monday nights- 1/2 price movies.</p>
<p>Spellbinders Surf Shop on Main Street in Allenhurst for cool beach attire and surfing stuff.</p>
<p>Fell free to get my email address from Grim. I&#8217;d be happy to have you stop by our beach for a martini or a &#8220;Pain Killer&#8221;</p>
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		<title>By: Mikeinwaiting</title>
		<link>http://njrereport.com/index.php/2009/07/14/have-we-hit-a-volume-not-price-bottom-in-north-jersey/#comment-313392</link>
		<dc:creator>Mikeinwaiting</dc:creator>
		<pubDate>Wed, 15 Jul 2009 16:32:07 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4452#comment-313392</guid>
		<description>PGC #8 Grim, No big dumps by intrawest.
 As the numbers tell use sales are up, but looking at what I know of that sold,  deep discounts. looked at a place 2 years ago 379 sold last week 260. Another closed yesterday (a friend of mine). Started out over 3 sold for 235 &amp; he was one lucky SOB. By the way no money down they are in the red the day they move in ! REOs that sell will set the comp for the area forcing prices lower &amp; there are more to come. I know of a few coming down the pike. This will play out for years as today&#039;s bag-holder in trouble will milk it for a year then bank gets it so 12 to 18 monthes to market. As far as those buying in my area, most are getting a bad deal even on some REO&#039;s, more pain to come.</description>
		<content:encoded><![CDATA[<p>PGC #8 Grim, No big dumps by intrawest.<br />
 As the numbers tell use sales are up, but looking at what I know of that sold,  deep discounts. looked at a place 2 years ago 379 sold last week 260. Another closed yesterday (a friend of mine). Started out over 3 sold for 235 &amp; he was one lucky SOB. By the way no money down they are in the red the day they move in ! REOs that sell will set the comp for the area forcing prices lower &amp; there are more to come. I know of a few coming down the pike. This will play out for years as today&#8217;s bag-holder in trouble will milk it for a year then bank gets it so 12 to 18 monthes to market. As far as those buying in my area, most are getting a bad deal even on some REO&#8217;s, more pain to come.</p>
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		<title>By: veto that</title>
		<link>http://njrereport.com/index.php/2009/07/14/have-we-hit-a-volume-not-price-bottom-in-north-jersey/#comment-313388</link>
		<dc:creator>veto that</dc:creator>
		<pubDate>Wed, 15 Jul 2009 16:28:13 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4452#comment-313388</guid>
		<description>i was making decent money at my old job three years ago but i&#039;m not the type to blow it as soon as possible.

So i kept driving my 10 yr old car. 

My assistant on the otherhand, who was making 1/4 of my compensation and had a half of college degree, goes out and leases a shiny new BMW.

That was when i knew to sell all my stocks.</description>
		<content:encoded><![CDATA[<p>i was making decent money at my old job three years ago but i&#8217;m not the type to blow it as soon as possible.</p>
<p>So i kept driving my 10 yr old car. </p>
<p>My assistant on the otherhand, who was making 1/4 of my compensation and had a half of college degree, goes out and leases a shiny new BMW.</p>
<p>That was when i knew to sell all my stocks.</p>
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		<title>By: grim</title>
		<link>http://njrereport.com/index.php/2009/07/14/have-we-hit-a-volume-not-price-bottom-in-north-jersey/#comment-313386</link>
		<dc:creator>grim</dc:creator>
		<pubDate>Wed, 15 Jul 2009 16:24:03 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4452#comment-313386</guid>
		<description>New thread, up!</description>
		<content:encoded><![CDATA[<p>New thread, up!</p>
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		<title>By: veto that</title>
		<link>http://njrereport.com/index.php/2009/07/14/have-we-hit-a-volume-not-price-bottom-in-north-jersey/#comment-313384</link>
		<dc:creator>veto that</dc:creator>
		<pubDate>Wed, 15 Jul 2009 16:21:26 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4452#comment-313384</guid>
		<description>im with you nom, 

Most people sit in traffice 90% of the time  anyway. im not into switching lanes every three seconds to get in front of two cars and possibly make it home 2 minutes faster. 

And if you do the cost benefit, its probably not worth the extra bucks to have a volume control mechanism that increases or decreases with your car speed. I mean, how much can stuff like that be worth?

A car is transportation. nothing more. If you need to spend $40k more on a car to get laid, then you are probably doing something wrong.

Then again, im a little bitter for driving a honda civic so dont listen to me.</description>
		<content:encoded><![CDATA[<p>im with you nom, </p>
<p>Most people sit in traffice 90% of the time  anyway. im not into switching lanes every three seconds to get in front of two cars and possibly make it home 2 minutes faster. </p>
<p>And if you do the cost benefit, its probably not worth the extra bucks to have a volume control mechanism that increases or decreases with your car speed. I mean, how much can stuff like that be worth?</p>
<p>A car is transportation. nothing more. If you need to spend $40k more on a car to get laid, then you are probably doing something wrong.</p>
<p>Then again, im a little bitter for driving a honda civic so dont listen to me.</p>
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		<title>By: Stu</title>
		<link>http://njrereport.com/index.php/2009/07/14/have-we-hit-a-volume-not-price-bottom-in-north-jersey/#comment-313383</link>
		<dc:creator>Stu</dc:creator>
		<pubDate>Wed, 15 Jul 2009 16:21:04 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4452#comment-313383</guid>
		<description>Nom,

Smart move.

2008 BMW M3: $82,000

Distance to stop 60 to 0: 108ft.

2007: Honda Fit Sport: $15,720

Distance to stop 60 to 0: 123 ft.

I&#039;ll buy 5 Fits and will use the extra 4 grand to pay for reflex improvement training.</description>
		<content:encoded><![CDATA[<p>Nom,</p>
<p>Smart move.</p>
<p>2008 BMW M3: $82,000</p>
<p>Distance to stop 60 to 0: 108ft.</p>
<p>2007: Honda Fit Sport: $15,720</p>
<p>Distance to stop 60 to 0: 123 ft.</p>
<p>I&#8217;ll buy 5 Fits and will use the extra 4 grand to pay for reflex improvement training.</p>
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		<title>By: Comrade Nom Deplume</title>
		<link>http://njrereport.com/index.php/2009/07/14/have-we-hit-a-volume-not-price-bottom-in-north-jersey/#comment-313382</link>
		<dc:creator>Comrade Nom Deplume</dc:creator>
		<pubDate>Wed, 15 Jul 2009 16:19:54 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4452#comment-313382</guid>
		<description>It would appear that the Swiss might be the ones that are going to blink:

&quot;Swiss bank UBS could transfer client data to the United States and end a damaging tax litigation without breaching Swiss bank secrecy laws, a top Swiss judge told Reuters on Tuesday.

U.S. authorities have asked UBS to disclose the identity of 52,000 Americans suspected of using secret Swiss accounts to dodge taxes. UBS has so far resisted saying a blanket request to disclose the names of the clients would breach Swiss law. 

But Christoph Bandli, President of Switzerland&#039;s Federal Administrative Court which has the power to rule on data transfer, said U.S. tax officials can legitimately ask for unnamed client data as long as they set out a specific category of clients. 

&quot;Knowing the names of the clients is not obligatory. One can request administrative assistance also wthout having the clients&#039; name,&#039;&#039; Bandli told Reuters. 

&quot;(But) you must define a specific category (of clients).&#039;&#039; 

Bank data transfer are regulated by the so-called U.S.-Swiss administrative assistance process. 

Washington and Berne are in talks to find a way to pass on the data without breaching current Swiss law. A U.S. judge has agreed to delay a trial against UBS to Aug. 3 to allow the two governments to hammer out a settlement. . . &quot;


This judge wasn&#039;t speaking on an active case or controversy before him, so one wonders what his motivation was.  Is he being used to give cover to the Swiss government?  Are the Swiss that concerned about being blackballed by the U.S.?

If it hasn&#039;t been heard before, that giant sucking sound around Lake Geneva is capital quietly exiting the middle canton for other corners of the globe.  Actually, more likely that the accounts designated as U.S. held, will likely become Irish-held overnight.</description>
		<content:encoded><![CDATA[<p>It would appear that the Swiss might be the ones that are going to blink:</p>
<p>&#8220;Swiss bank UBS could transfer client data to the United States and end a damaging tax litigation without breaching Swiss bank secrecy laws, a top Swiss judge told Reuters on Tuesday.</p>
<p>U.S. authorities have asked UBS to disclose the identity of 52,000 Americans suspected of using secret Swiss accounts to dodge taxes. UBS has so far resisted saying a blanket request to disclose the names of the clients would breach Swiss law. </p>
<p>But Christoph Bandli, President of Switzerland&#8217;s Federal Administrative Court which has the power to rule on data transfer, said U.S. tax officials can legitimately ask for unnamed client data as long as they set out a specific category of clients. </p>
<p>&#8220;Knowing the names of the clients is not obligatory. One can request administrative assistance also wthout having the clients&#8217; name,&#8221; Bandli told Reuters. </p>
<p>&#8220;(But) you must define a specific category (of clients).&#8221; </p>
<p>Bank data transfer are regulated by the so-called U.S.-Swiss administrative assistance process. </p>
<p>Washington and Berne are in talks to find a way to pass on the data without breaching current Swiss law. A U.S. judge has agreed to delay a trial against UBS to Aug. 3 to allow the two governments to hammer out a settlement. . . &#8221;</p>
<p>This judge wasn&#8217;t speaking on an active case or controversy before him, so one wonders what his motivation was.  Is he being used to give cover to the Swiss government?  Are the Swiss that concerned about being blackballed by the U.S.?</p>
<p>If it hasn&#8217;t been heard before, that giant sucking sound around Lake Geneva is capital quietly exiting the middle canton for other corners of the globe.  Actually, more likely that the accounts designated as U.S. held, will likely become Irish-held overnight.</p>
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		<title>By: HEHEHE</title>
		<link>http://njrereport.com/index.php/2009/07/14/have-we-hit-a-volume-not-price-bottom-in-north-jersey/#comment-313381</link>
		<dc:creator>HEHEHE</dc:creator>
		<pubDate>Wed, 15 Jul 2009 16:14:11 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4452#comment-313381</guid>
		<description>Ritholtz on Calpers lawsuit:

http://www.ritholtz.com/blog/2009/07/calpers-rating-agencies-to-blame-for-huge-losses/</description>
		<content:encoded><![CDATA[<p>Ritholtz on Calpers lawsuit:</p>
<p><a href="http://www.ritholtz.com/blog/2009/07/calpers-rating-agencies-to-blame-for-huge-losses/" rel="nofollow">http://www.ritholtz.com/blog/2009/07/calpers-rating-agencies-to-blame-for-huge-losses/</a></p>
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		<title>By: Comrade Nom Deplume</title>
		<link>http://njrereport.com/index.php/2009/07/14/have-we-hit-a-volume-not-price-bottom-in-north-jersey/#comment-313380</link>
		<dc:creator>Comrade Nom Deplume</dc:creator>
		<pubDate>Wed, 15 Jul 2009 16:08:18 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4452#comment-313380</guid>
		<description>[119] veto

or an 8-track of the Captain and Tennille.  (sp?)</description>
		<content:encoded><![CDATA[<p>[119] veto</p>
<p>or an 8-track of the Captain and Tennille.  (sp?)</p>
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		<title>By: Comrade Nom Deplume</title>
		<link>http://njrereport.com/index.php/2009/07/14/have-we-hit-a-volume-not-price-bottom-in-north-jersey/#comment-313379</link>
		<dc:creator>Comrade Nom Deplume</dc:creator>
		<pubDate>Wed, 15 Jul 2009 16:05:12 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4452#comment-313379</guid>
		<description>[117] qwerty

I know, I know.

But I also get sick of these feckada german cars that spend more time in the shop than in your driveway.  Really fcuking annoying, not to mention expensive.  John will say, if you can&#039;t afford it, you shouldn&#039;t own it. But for me, it&#039;s like taxes---being able to pay it and being happy about it are two different things, and I just don&#039;t see the performance differential as worth it when, like me, you aren&#039;t in it that often.  

When it comes to cars, I am turning japanese again.</description>
		<content:encoded><![CDATA[<p>[117] qwerty</p>
<p>I know, I know.</p>
<p>But I also get sick of these feckada german cars that spend more time in the shop than in your driveway.  Really fcuking annoying, not to mention expensive.  John will say, if you can&#8217;t afford it, you shouldn&#8217;t own it. But for me, it&#8217;s like taxes&#8212;being able to pay it and being happy about it are two different things, and I just don&#8217;t see the performance differential as worth it when, like me, you aren&#8217;t in it that often.  </p>
<p>When it comes to cars, I am turning japanese again.</p>
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		<title>By: veto that</title>
		<link>http://njrereport.com/index.php/2009/07/14/have-we-hit-a-volume-not-price-bottom-in-north-jersey/#comment-313376</link>
		<dc:creator>veto that</dc:creator>
		<pubDate>Wed, 15 Jul 2009 15:51:38 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4452#comment-313376</guid>
		<description>clot, 
The only way that car should be driven is by feathering your hair back and then sticking a comb in the back pocket of the tightest dungarees you can find. Then playing an 8 track of the theme song to the &#039;fall guy&#039;. 

otherwise, dont even bother.</description>
		<content:encoded><![CDATA[<p>clot,<br />
The only way that car should be driven is by feathering your hair back and then sticking a comb in the back pocket of the tightest dungarees you can find. Then playing an 8 track of the theme song to the &#8216;fall guy&#8217;. </p>
<p>otherwise, dont even bother.</p>
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		<title>By: RayC</title>
		<link>http://njrereport.com/index.php/2009/07/14/have-we-hit-a-volume-not-price-bottom-in-north-jersey/#comment-313375</link>
		<dc:creator>RayC</dc:creator>
		<pubDate>Wed, 15 Jul 2009 15:50:49 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4452#comment-313375</guid>
		<description>Qwerty

only a better driver really = better safety

increased performance can mean more damaging crash as &quot;it didn&#039;t feel like I was doing 90&quot;. Anyway, with GPS and texting, none of us are safe...</description>
		<content:encoded><![CDATA[<p>Qwerty</p>
<p>only a better driver really = better safety</p>
<p>increased performance can mean more damaging crash as &#8220;it didn&#8217;t feel like I was doing 90&#8243;. Anyway, with GPS and texting, none of us are safe&#8230;</p>
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		<title>By: Qwerty</title>
		<link>http://njrereport.com/index.php/2009/07/14/have-we-hit-a-volume-not-price-bottom-in-north-jersey/#comment-313374</link>
		<dc:creator>Qwerty</dc:creator>
		<pubDate>Wed, 15 Jul 2009 15:45:37 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4452#comment-313374</guid>
		<description>Nom, don&#039;t overlook that driving can be FUN.

Once you drive a car that accelerates, corners, and stops with finesse, you can&#039;t go back.  Increased performance translates into improved safety, too.</description>
		<content:encoded><![CDATA[<p>Nom, don&#8217;t overlook that driving can be FUN.</p>
<p>Once you drive a car that accelerates, corners, and stops with finesse, you can&#8217;t go back.  Increased performance translates into improved safety, too.</p>
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		<title>By: chicagofinance</title>
		<link>http://njrereport.com/index.php/2009/07/14/have-we-hit-a-volume-not-price-bottom-in-north-jersey/#comment-313373</link>
		<dc:creator>chicagofinance</dc:creator>
		<pubDate>Wed, 15 Jul 2009 15:42:01 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4452#comment-313373</guid>
		<description>grim unmod</description>
		<content:encoded><![CDATA[<p>grim unmod</p>
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