Comments on: NJ September Unemployment 9.8% http://njrereport.com/index.php/2009/10/14/nj-september-unemployment-98/ Real Estate, Economics, and Politics Thu, 24 May 2012 17:39:03 +0000 hourly 1 http://wordpress.org/?v=3.0 By: db http://njrereport.com/index.php/2009/10/14/nj-september-unemployment-98/#comment-333751 db Mon, 19 Oct 2009 23:11:28 +0000 http://njrereport.com/?p=4778#comment-333751 ..well this about sums it up ...."Corzine's record is clear, and as a result he shouldn't even be in the discussion as a gubernatorial preference. His first term in office has been a total failure. Taxes have continued to skyrocket, and any attempts at spending reforms have been minimal and to negligible effect. At first Corzine blamed the state's financial problems on previous administrations leaving him an economic mess to clean up. Then he started blaming the global economic meltdown. In the Corzine worldview he bears responsibility for none of the state's problems, and pats himself on the back for averting some nebulous worse-case scenario," Courier News/Home News Tribune. ..well this about sums it up ….”Corzine’s record is clear, and as a result he shouldn’t even be in the discussion as a gubernatorial preference. His first term in office has been a total failure. Taxes have continued to skyrocket, and any attempts at spending reforms have been minimal and to negligible effect. At first Corzine blamed the state’s financial problems on previous administrations leaving him an economic mess to clean up. Then he started blaming the global economic meltdown. In the Corzine worldview he bears responsibility for none of the state’s problems, and pats himself on the back for averting some nebulous worse-case scenario,” Courier News/Home News Tribune.

]]> By: Essex http://njrereport.com/index.php/2009/10/14/nj-september-unemployment-98/#comment-332847 Essex Thu, 15 Oct 2009 10:15:22 +0000 http://njrereport.com/?p=4778#comment-332847 I hate to be negative. But I am negative. I hate to be negative. But I am negative.

]]> By: Future History http://njrereport.com/index.php/2009/10/14/nj-september-unemployment-98/#comment-332846 Future History Thu, 15 Oct 2009 09:41:32 +0000 http://njrereport.com/?p=4778#comment-332846 47. Sad, but true. People are so stressed that they are looking for any good news to convince themselves the storm is over and unfortunately, it isn't. By mid '11 we should have a better idea if the economy is going to collapse but this next round of mortgage issues is not going to be pretty and how much does uncle sam really have left? BTW - massive issue with underfunded public pension funds looming too. Only way to address is with higher risk investments. Any bets on when an accelerated decline of the US dollar will happen? 47. Sad, but true. People are so stressed that they are looking for any good news to convince themselves the storm is over and unfortunately, it isn’t.

By mid ’11 we should have a better idea if the economy is going to collapse but this next round of mortgage issues is not going to be pretty and how much does uncle sam really have left?

BTW – massive issue with underfunded public pension funds looming too. Only way to address is with higher risk investments.

Any bets on when an accelerated decline of the US dollar will happen?

]]> By: james http://njrereport.com/index.php/2009/10/14/nj-september-unemployment-98/#comment-332844 james Thu, 15 Oct 2009 06:07:29 +0000 http://njrereport.com/?p=4778#comment-332844 #9 Most of the posters in here are preparing for civil unrest. Real Estate is discussed in terms of how fertile is the soil not how much square footage. Also how easily it can be defended and the water table depth. I dont think anyone in this forum believes this economic recovery is real. Most believe that a sh#t storm is brewing and we are buying umbrellas. Many of that have houses wish we didnt because when the SHTF we would like to ride it out in the bahamas. #9

Most of the posters in here are preparing for civil unrest. Real Estate is discussed in terms of how fertile is the soil not how much square footage. Also how easily it can be defended and the water table depth.

I dont think anyone in this forum believes this economic recovery is real. Most believe that a sh#t storm is brewing and we are buying umbrellas.

Many of that have houses wish we didnt because when the SHTF we would like to ride it out in the bahamas.

]]> By: Shelley http://njrereport.com/index.php/2009/10/14/nj-september-unemployment-98/#comment-332842 Shelley Thu, 15 Oct 2009 03:51:07 +0000 http://njrereport.com/?p=4778#comment-332842 #40 The funny thing is that home is not worth $400K in this market. For $500K you can get something nicer in the township with more property. Many sellers are refusing to list my realtor tells me because they dont like the market. #40 The funny thing is that home is not worth $400K in this market. For $500K you can get something nicer in the township with more property.

Many sellers are refusing to list my realtor tells me because they dont like the market.

]]> By: skep-tic http://njrereport.com/index.php/2009/10/14/nj-september-unemployment-98/#comment-332841 skep-tic Thu, 15 Oct 2009 03:37:30 +0000 http://njrereport.com/?p=4778#comment-332841 #9 "Maybe some of you can clear some things up for me. Been looking for a house in Bergen Cty. for a year now for my family. Seemed like a good time to buy, prices were coming down but we didn’t love anything so we waited. Now sales are starting to pick up again. At seemingly inflated prices (i.e., not that much off of highs of 2-3 years ago). We’re reaching a point where we need to do something or get off the pot (i.e., rent). What the hell is going on with this economy? Many people here seem to think prices aren’t done falling once gov’t intervention wanes. Unemployment also suggests housing can’t keep holding out. Or are some areas really more or less impervious to this economy? Would appreciate any guidance." ************ My 2 cents is that the crash period is over. Barring some type of new calamity (dollar collapse?), RE prices will be flat to slightly negative for several years. There is little danger of prices appreciating a lot in the near future due to high unemployment, so I don't think there is any major urgency to buy, but I think the risk of buying then losing 20% in year one is behind us, so you should do it if you are ready otherwise. #9

“Maybe some of you can clear some things up for me. Been looking for a house in Bergen Cty. for a year now for my family. Seemed like a good time to buy, prices were coming down but we didn’t love anything so we waited. Now sales are starting to pick up again. At seemingly inflated prices (i.e., not that much off of highs of 2-3 years ago). We’re reaching a point where we need to do something or get off the pot (i.e., rent). What the hell is going on with this economy? Many people here seem to think prices aren’t done falling once gov’t intervention wanes. Unemployment also suggests housing can’t keep holding out. Or are some areas really more or less impervious to this economy? Would appreciate any guidance.”

************

My 2 cents is that the crash period is over. Barring some type of new calamity (dollar collapse?), RE prices will be flat to slightly negative for several years. There is little danger of prices appreciating a lot in the near future due to high unemployment, so I don’t think there is any major urgency to buy, but I think the risk of buying then losing 20% in year one is behind us, so you should do it if you are ready otherwise.

]]> By: Shore Guy http://njrereport.com/index.php/2009/10/14/nj-september-unemployment-98/#comment-332840 Shore Guy Thu, 15 Oct 2009 03:15:50 +0000 http://njrereport.com/?p=4778#comment-332840 Beach Bum, We may both want to hold off on those beach houses: http://mobile.wboc.com/wap/news/text.jsp?sid=167&nid=1426006&cid=3882&scid=-1&title=International%20News&ith=3 Beach Bum,

We may both want to hold off on those beach houses:

http://mobile.wboc.com/wap/news/text.jsp?sid=167&nid=1426006&cid=3882&scid=-1&title=International%20News&ith=3

]]> By: Shore Guy http://njrereport.com/index.php/2009/10/14/nj-september-unemployment-98/#comment-332839 Shore Guy Thu, 15 Oct 2009 03:07:20 +0000 http://njrereport.com/?p=4778#comment-332839 I love cats but, this is a bit excessive: tp://www.dailyrecord.com/article/20091014/UPDATES01/91014085/1005/NEWS01/Livingston-couple-facing-animal-cruelty-charges-in-Ocean-County I love cats but, this is a bit excessive:

tp://www.dailyrecord.com/article/20091014/UPDATES01/91014085/1005/NEWS01/Livingston-couple-facing-animal-cruelty-charges-in-Ocean-County

]]> By: prtraders2000 http://njrereport.com/index.php/2009/10/14/nj-september-unemployment-98/#comment-332837 prtraders2000 Thu, 15 Oct 2009 02:13:12 +0000 http://njrereport.com/?p=4778#comment-332837 My nephew is at UPR. Wonder when this is coming stateside. http://www.dailyrecord.com/article/20091013/UPDATES01/91012082/-1/UPDATES01 My nephew is at UPR. Wonder when this is coming stateside.

http://www.dailyrecord.com/article/20091013/UPDATES01/91012082/-1/UPDATES01

]]> By: Essex http://njrereport.com/index.php/2009/10/14/nj-september-unemployment-98/#comment-332836 Essex Thu, 15 Oct 2009 01:43:23 +0000 http://njrereport.com/?p=4778#comment-332836 40. Hmmm Chatham has that "side" of town which is close to downtown but really not that impressive. In fact it is kind of gross. $470k for this one does not really grab me. We passed on a place there for less in a better location and close to a major road in 2002. 40. Hmmm Chatham has that “side” of town which is close to downtown but really not that impressive. In fact it is kind of gross. $470k for this one does not really grab me. We passed on a place there for less in a better location and close to a major road in 2002.

]]> By: lostinny http://njrereport.com/index.php/2009/10/14/nj-september-unemployment-98/#comment-332833 lostinny Thu, 15 Oct 2009 00:43:10 +0000 http://njrereport.com/?p=4778#comment-332833 Who thinks Chatham is untouchable? http://newyork.craigslist.org/jsy/reo/1421881048.html Who thinks Chatham is untouchable?

http://newyork.craigslist.org/jsy/reo/1421881048.html

]]> By: Bromoney http://njrereport.com/index.php/2009/10/14/nj-september-unemployment-98/#comment-332832 Bromoney Thu, 15 Oct 2009 00:24:23 +0000 http://njrereport.com/?p=4778#comment-332832 lol, 20K dow hat lol, 20K dow hat

]]> By: BC Bob http://njrereport.com/index.php/2009/10/14/nj-september-unemployment-98/#comment-332830 BC Bob Wed, 14 Oct 2009 23:21:00 +0000 http://njrereport.com/?p=4778#comment-332830 By the way, I'm rooting for the stock market. Hope it gets inflated to 20K. Will even wear a 20K Dow hat. In this scenario gold will be trading at 5-10K. By the way, I’m rooting for the stock market. Hope it gets inflated to 20K. Will even wear a 20K Dow hat. In this scenario gold will be trading at 5-10K.

]]> By: BC Bob http://njrereport.com/index.php/2009/10/14/nj-september-unemployment-98/#comment-332829 BC Bob Wed, 14 Oct 2009 23:18:07 +0000 http://njrereport.com/?p=4778#comment-332829 The only lemmings strapping it on are those that recognized the biggest financial catastrophe in our lifetime, sold at/near the highs and subsequently bought the bottom. Kudos to all of you, great trade. The 99% that buy and hold. Well, someone else can address that. The only lemmings strapping it on are those that recognized the biggest financial catastrophe in our lifetime, sold at/near the highs and subsequently bought the bottom. Kudos to all of you, great trade.

The 99% that buy and hold. Well, someone else can address that.

]]> By: BC Bob http://njrereport.com/index.php/2009/10/14/nj-september-unemployment-98/#comment-332828 BC Bob Wed, 14 Oct 2009 23:10:50 +0000 http://njrereport.com/?p=4778#comment-332828 What's the point? What’s the point?

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