10.7% of NJ loans delinquent or in foreclosure

From the WSJ:

New Jersey Leads Tri-State in ‘Seriously Delinquent’ Mortgages

New Jersey’s mortgage loans that were “seriously delinquent,” meaning they are 90 days or more delinquent or in the foreclosure process, stood at 10.73% during the first quarter, leading the tri-state area, the Mortgage Bankers Association said Wednesday.

Connecticut and New York did better than the national averages, with seriously delinquent loans running at 8.13% and 8.94%, respectively.

The MBA said New Jersey was third in the nation for homes in foreclosure, with 6.17%. Florida had 13.97% and Nevada was at 10.40%.

This entry was posted in Foreclosures, New Jersey Real Estate. Bookmark the permalink.

242 Responses to 10.7% of NJ loans delinquent or in foreclosure

  1. Essex says:

    Oh my.

  2. grim says:

    Hats off to Florham Park.

    Why is this so difficult for so many NJ towns?

    From the Star Ledger:

    Florham Park municipal budget hikes taxes by less than 1 percent

    While some municipalities introduced budgets this year that increased the tax rate by 4 percent or more, Florham Park has increased their tax rate by less than 1 percent, according to the 2010 municipal budget introduced in a unanimous vote Tuesday night.

    The total tax levy increase of 0.98 percent will raise municipal taxes by $21.88 for the average residential property assessed at $650,000.

    Per month that amounts to $1.82, or “less than the cost of a Starbucks” cup of coffee, Mayor Scott Eveland said.

    “I think we did an outstanding job,” he said, adding that they had $400,000 less revenue to work with than the year before. There was a significant drop in state aid and fees generated by construction permits

    Over the past years they have not made any new hires in the Department of Public Works.

    “The guys are getting the job done with less money and less people,” he said.

    And when budgets were sought from the heads of the various departments, Eveland sent them back with an order to cut another 5 percent from those proposals.

    Capital spending has also been deferred and will now be prioritized over a five-year plan. The purchase of any new trucks, police cars, dump trucks and even lawnmowers has been postponed.

    Lastly, the borough is looking into ways to share services with surrounding communities.

    The borough is currently in negotiations with Madison to combine courts and seeking ways to share services with the county for use of equipment, Eveland said.

  3. grim says:

    Off topic, but thank goodness.

    From the NYT:

    Ford to End Production of Its Mercury Line

    Edsel Ford conceived the Mercury brand in the 1930s as a way to fill the gap between basic Fords and luxury Lincolns. Now, that gap will again go unfilled.

    Ford Motor announced Wednesday that it would discontinue selling Mercury models this fall, ending a 71-year-old brand that once stood for innovation and speed but that became a “me, too” division.

    Mercury joins a sizable list of venerable Detroit brands that have disappeared in recent years. In 2009, General Motors said that it would eliminate Saturn, Hummer and Pontiac as it streamlined after its bankruptcy filing, and it did away with Oldsmobile in 2004. Saab was also discontinued as a G.M. brand, though it will have new owners.

    Chrysler dropped the Plymouth brand in 2001, and the Chrysler brand itself is considered by some analysts to be in doubt, now that the company is under the management control of the Italian automaker Fiat.

  4. NJGator says:

    Grim 2 – Thanks. I now anticipate a whole day of ‘I told you we should move there.’ from Stu.

  5. grim says:

    Interesting bit over from Calc. Risk.

    From somewhere down south:

    Real estate market stalls recruiting, promotions

    When executive Wade Ledbetter leaped at the opportunity to move up in his company, the shackles of relocation snatched him back down to earth.

    That fabulous promotion came with a price: The $30,000 he’d invested in home improvements, the 20 percent he’d put down on his house and the extra payment every year for 7 1/2 years would be a wash, along with settling on a selling price well below what he’d paid for the home and just about all its contents. Add living away from his family in a one-bedroom apartment for eight months while his home languished on the market and his frustration accrued.

    “It was horrible,” said Ledbetter, who relied in part on relocation assistance from his company. “It was constant, horrid stress. There were a number of times I said to myself, ‘What have I done?’ ”

    Opportunity? Try headache.

    The conclusion isn’t hard to draw: Just dangling a handsome salary as bait doesn’t guarantee a catch. When a job candidate is in a home that might sit on the market or cost a boatload to unload, they are marooned — boxed into their current position, or at least their geographic location, until the real estate market improves.

  6. Final Doom says:

    Another day closer to oblivion.

  7. crossroads says:

    %10 delinquent=18 months of free living. this could help create jobs for NJ. at the very least AC should see some spending

  8. freedy says:

    how about the house in Alpine 68 million.

    no problem, 19 bedrooms.

  9. grim says:

    How about 16 million in Cedar Grove?

    Huh?

  10. Final Doom says:

    How about a state full of deadbeat zombies, playing chicken with their banks?

  11. Final Doom says:

    In the end, we will set the banks on fire…just like Greece.

  12. grim says:

    Don’t follow, are the deadbeat zombies the municipalities or the residents?

  13. freedy says:

    fla, nev, and then NJ, good company.

    Whats next Grim, i though Mr. O said we
    were in recovery

  14. #3 – I’m not sure if Mercury was a slow agonizing death or just something that should never have been born in the first place.
    Either way, sorry for the job losses, happy for fewer beige boxes on the road…

    … other than the `49 Merc coupe and possibly the `67 Cougar was there anything worth while in their entire 70 year history?

  15. New in NJ says:

    I always loved the ’67 Cougar.

  16. secondary name says:

    Regarding the lead article,
    this may have been posted before, but it is very illustrative:

    http://calculatedriskimages.blogspot.com/2010/05/mba-delinquency-by-state-q1-2010.html

    The red part of the bars indicate seriously delinquent mortgages.

    No wonder considering the cost of property and taxes in this state.

  17. Nomad says:

    #4 NJ Gator – for what its worth –

    a few years ago when we made the move to NJ, agents told us not to buy in FP -citing schools as the primariy reason.

  18. Nomad says:

    #5 – relocation

    Relo sucks and unless its really a big promo or you have no job and they are offering in another location, you have to really think it through. Even when housing prices were going up, there was no telling when you would be asked to move again and if it happened at the wrong time, you take a hit on the house sale.

    Not to mention, stress of relo, new schools, docs, making new friends and starting a new job where you know no one at the company or if your walking into a hornets nest.

    Also seems like once you get on the relo bandwagon, it is difficult to get off.

    Sometimes better to leave well enough alone.

  19. serenity now says:

    So let me get this straight,
    people are redirecting their mortgage money
    towards Ipads and designer shoes, and the
    government points to increased consumer spending
    as signaling economic recovery??

  20. Simply Ravishing HEHEHE says:

    It’s only 10%. That means 90% are paying. Jeez, get a grip on all the doom and gloom. Plus you’ll see we added a bunch of jobs this past month. Good jobs. Good American jobs. Good American Census Jobs!!!!

  21. Shore Guy says:

    &ll this increased consumer spending, at a time when real income is going down, is nothing to cheer about. It smacks of something a friend of a friend did some years ago. She knew she was going BK and spent like a mad woman on everything her heart desired.

  22. secondary name says:

    19 serenity now

    yes, the technique is called the “iStiff”

  23. Nomad says:

    And when you stop paying your mtg, and blow the money you would have spent on your house, you economic margin for error declines. Now if you stop paying the mtg (which I don’t advocate) and save the $$, then at least there is a buffer.

    Long past the time we should let people feel the pain of their economic indiscretions.

    At some point, the music will stop and it won’t be one person who is left without a chair.

  24. All "H-Train" Hype says:

    A buddy of mine had a 1971 cougar convertible. Looked just like this except in bright orange and black. The car was a sick ride.

    http://classyauto.com/61757

  25. young buck says:

    Why Title Companies Hate Technology

    They make a lot of money from an antiquated system.

    BURLINGAME, Calif. –
    With mortgage rates declining, homeowners are once again running the numbers to see if it makes sense for them to refinance their homes. As they do so, they are encountering one aspect of the American economy that has been the least affected by computer technology, but one that could benefit from it the most. Don’t hold your breath for any changes, though.

    The issue involves “title.” Before lending you money to buy a piece of property, a bank obviously needs to know the legal status of the property–who owns it, under what conditions, if there are any sorts of liens or holds on the property, and the like. Many decades ago, especially in parts of the country with younger histories, this might have been a tough question to get a good answer to. Government record-keeping might have been spotty; surveyors might not agree on a parcel’s exact borders; two or more parties might claim ownership of a piece of land.

    But that was then. Now we have an exceedingly mature private property system, and most of the uncertainty has been removed from real estate. There are recorders, usually at a county level, that maintain property ownership records. If you want to know who owns a piece of land, just grab the folder for it. And since the relevant documents might long ago have been computerized, you can often do this sitting at a computer terminal, or even on the Web.

    It doesn’t sound like an especially complicated undertaking, and it shouldn’t be. Yet nearly every time you refinance a home, you end up spending in the neighborhood of $2,500 for the title. The money goes to a title company to conduct a title search, and then to offer insurance in case that search wasn’t done properly.

    This might have been necessary in Wild West days, when parcels would change hands during poker games; in the 21st century, it’s not. So why does it persist? In large part because title companies, which make a great deal of money off the current arrangement, have enormous political clout in state capitals. Most states regulate their title industries, but it’s the title companies that are doing the regulating–and they use their clout to block all efforts at reforming the way things get done.

    For example, they have typically blocked efforts by tech-oriented businesses that want to fully automate the title system, turning it into what it should be–a modern computer database that can be searched instantly, by anyone and for little cost. One of the great ironies of buying a home is that your credit score–which involves dozens or even hundreds of data sources–is available in seconds, and not from one company, but three. By contrast, information about who owns your house takes many days, and you get the answer only after spending thousands of dollars.

    Of course part of the money you spend on the title pays for insurance, in case some problem crops up down the line with the chain of ownership. Banks want to be protected from that risk, but it’s hard to believe the risk is anywhere near as great as the steep premiums would imply.

    There are any number of technology companies targeting the real estate market–or at least there were, until the housing bubble popped. Most of them, though, are focused on a relatively easy part of the process, involving the listings of properties for sale and the percentage fees charged by real state agents.

    But title-related costs can easily add up to half the fees associated with a mortgage; they are one of the reasons it costs as much as it does to sell a house. Changing the title system involves not just developing new technologies, but also fighting pitched political battles against the special interests that profit from the current, quite antiquated hodge-podge of a process.

    Technology in some cases is a mixed blessing, but here, it would be an unambiguous success.

    http://www.forbes.com/2010/06/02/internet-home-mortgage-technology-title.html

  26. freedy says:

    is the Kenyan on today?

  27. Shore Guy says:

    That 10.73% figure givws me real pause. I have mentioned a friend of mine who sucked the equity out of his house, lost his job, and who has been hanging on by renting the top floors of his house, whilst he lives in the basement and uses a chamber pot. Well, he has been holding things together for over two years but, with the loss of a part-time job and some other small hits, he is just now to the point of being unable to make a mortgage payment. Over these two years he has not been able to do any preventative maintenance or undertake any repairs on the place and it is starting to fall apart.

    I wonder how many people there are like him. Late 50s, unlikely to ever earn what he once did, and not a dollar in the bank.

    I know thw unease that we feel when looking at the economy around us and I can’t imagine what the stress must be like for those who are less well off.

  28. njescapee says:

    26, he’s gonna be on the cnn swinger’s show tonight at 9. enjoy freedy :-)

  29. jp says:

    has anybody thought about buying a home, getting “divorced,” and having that ex-spouse default on the loan so that only the ex-spouse’s credit gets messed up? the understanding here is that it’s only a divorce on paper but nothing more.

  30. Shore Guy says:

    Interestingly, this friend has two cars that are years younger than ours and a TV that is farbetter and larger than our 24ish inch CRT.

    Back in th day he used to make fun of the fact that we paid off our mortgage, saying things like, “what a waste it is to have so much money tied up in an unproductive asset. You should let that money work for you.”

    Currently, we sleep better than he does.

  31. Shore Guy says:

    jp,

    I think Nom has discussed this before.

  32. secondary name says:

    27 shore guy

    Sad stories like that becoming all too common.

    NJ
    The State of Disrepair

  33. Al Gore says:

    Disturbing article. Ben better print up another half tril or we will be in the abyss in 2011. Its over anyway might as well get 1 more year of prep time.

  34. Confused in NJ says:

    Just saw an old BP ADD which said;

    “BP – Bringing Oil to America’s Shores”.

    Guess they meant it “Literally”, rather then “Figuratively”.

  35. freedy says:

    i want to know what happened to the recovery

  36. Ben says:

    “has anybody thought about buying a home, getting “divorced,” and having that ex-spouse default on the loan so that only the ex-spouse’s credit gets messed up? the understanding here is that it’s only a divorce on paper but nothing more.”

    During the initial bailout of homeowners, they wrote a provision to prevent people who own multiple properties from receiving aid. Some couples got divorced on paper and managed to get the principle write down on both of their properties.

  37. hughesrep says:

    29

    How about one better. If the mortgage is only in one spouses name, get “divorced” stop paying the mortgage for a couple years, and then the other spouse buy it up at an REO price?

  38. homeboken says:

    Shore 21 – you know what time of night is the busiest for a bartender? Last call.

  39. Fiddy Cents on the Dollar says:

    A question for all the “chartophiles” on board…

    I was looking for a chart of Case Shiller over the past 20 years, specific to NY Metro Commutable. I wanted to see the run-up and then the overshoot on the downside. I would like to be able see the normal appreciation of home prices, with an overlay of the craziness.

    Calculated Risk has something close to what I’m looking for….but it’s the 10- and 20-city composite. And Ritholtz has that 100 year chart, but I don’t want to see that much history.

    Can anyone point me towards the past 20 years or so in our area??

    Anyone ?? Bueller ???

  40. Mr Hyde says:

    fiddy,

    give me a few minutes to dig it up….

  41. Shore Guy says:

    “Last call”

    I suspect that many amongst us are facing an economic last call. And, as with men looking at women at a bar, what is wholly unacceptable at 9 p.m. seems like a great choice at 3:00 a.m. Of course, morning does eventually come around and, well, those ill-advised decisions have a way of biting us in the backside.

    I guess we will soon see an outbreak of “economic AIDS.”

  42. Fiddy Cents on the Dollar says:

    Thanks Dr J-

    That 100 year chart, while dramatic, is not useful. I’m not interested in World War I prices.

    And I’d like to separate the Las Vegas, Phoenix and Miami noise to focus on our little corner of the universe.

  43. Shore Guy says:

    From koat.com:

    “6/03/2010 — The White House faced fresh questions over back-room dealmaking after acknowledging that one of President Barack Obama’s top advisers encouraged a Colorado Democrat to apply for an international development job instead of challenging the candidate whom the president favored in a Senate race.”

    Nosiree Bob. No back-room deals. Any offers were made on the porch.

  44. Shore Guy says:

    With respect to the 10.7% figure. How does that compare to May of 1985, or May of 1995, or May of 2005? Does anyone here know?

  45. jj says:

    since the first land deal when the indians sold Manhattan for a bargain to today real estate on average has risen 3% a year. That is its 400 year average in the US.

    Fiddy Cents on the Dollar says:
    June 3, 2010 at 9:20 am
    A question for all the “chartophiles” on board…

    I was looking for a chart of Case Shiller over the past 20 years, specific to NY Metro Commutable. I wanted to see the run-up and then the overshoot on the downside. I would like to be able see the normal appreciation of home prices, with an overlay of the craziness.

  46. jj says:

    A women that is a six at 1 am is a perfect ten by 4 am

    Shore Guy says:
    June 3, 2010 at 9:31 am
    “Last call”

    I suspect that many amongst us are facing an economic last call. And, as with men looking at women at a bar, what is wholly unacceptable at 9 p.m. seems like a great choice at 3:00 a.m. Of course, morning does eventually come around and, well, those ill-advised decisions have a way of biting us in the backside.

    I guess we will soon see an outbreak of “economic AIDS.”

  47. Shore Guy says:

    US wary of nuclear blast to stop Gulf oil leak
    8:19am EDT
    WASHINGTON, June 3 (Reuters) – The official in charge of managing the U.S. response to the oil leak disaster in the Gulf of Mexico on Thursday downplayed the possibility of using a nuclear or other explosive device to try to seal off the well.

    “I think that’s really on the peripheral of things we ought to be talking about right now,” Coast Guard Admiral Thad Allen said when asked about suggestions that a nuclear explosion be used to seal off the leak.

    “It hasn’t been seriously briefed to me,” Allen told ABC’s “Good Morning America” program. “I think you’d have to run out of a lot of things before you’d consider something like that.”

    Asked about the possibility of using other explosive devices to try to seal the well, Allen said a blast could make things even worse by exposing oil-bearing rock formations directly to the sea bed.

    “We don’t know the condition of the well bore, what happened before and after the explosion,” he said.

    He told ABC the failure of the top kill procedure to seal the well by pumping mud into the well bore indicated “there actually could be something wrong with the well casing and there could be open communication in the strata or the rock formations below the sea floor.”

    “I don’t think we want to take a chance of somehow disturbing that where the oil would have direct access to the sea floor. To my mind that would be a pretty serious risk,” Allen said.

    His comments came after The New York Times reported on Thursday that the U.S. government was not considering using a nuclear device despite reports that some experts and armchair engineers were suggesting it.

    The Soviet Union reportedly used nuclear devices several decades ago to successfully seal off runaway gas wells, the Times said.

  48. Comrade Nom Deplume says:

    [15] new

    “I always loved the ‘67 Cougar.”

    Second that.

  49. Mr Wantanapolous says:

    “i want to know what happened to the recovery”

    Pesche,

    The colony of ants followed you down the FU bank path.

  50. Juice Box says:

    re #48 – Shore – A nuke bomb detonated on the wellhead would need to be able to blast the rock below the sea floor to pinch the well bore hole closed.

    The Gulf of Mexico has perhaps the thickest sediment layer in the world for thousands of meters below the surface. The well dept is 18,000 ft estimated.

    Any explosion at the seafloor will only make the problem worse, destroying the well head, since there is no rock to really squeeze closed near the surface of the seafloor. Very different geology from what the Russians did with their natural gas leaks.

    They would somehow need to be able to fire explosives through the pudding like sediment down to the rock which could be over a thousands of meters below the seafloor.

    Here is a map of worldwide sediment thickness. The Gulf is estimated to be thousands of meters in that area.

    http://bp3.blogger.com/_cyXaHWpmJXI/RcbgZzNoe8I/AAAAAAAAAHM/ir18JJSVw5U/s1600-h/sedthick.jpg

    Best bet may be what the tried to do a month ago, install the wellhead cap to siphon as much oil and gas leaking to the surface and to finish the relief well drilling ASAP.

  51. NJCoast says:

    Comrade Nom Deplume says:
    June 3, 2010 at 10:09 am
    [15] new

    “I always loved the ‘67 Cougar.”

    Second that.

    I remember when Ford debuted the ’67 Cougar on Magen’s Bay beach in St. Thomas. For a month before its arrival the two mile beach access road had large black signs with neon green cat’s eyes that peered out from the brush every few yards. The Cougar arrived on a barge and drove onto the beach while Ford mucky-mucks drank pina coladas. Mad Men ’60’s style.

  52. freedy says:

    want:

    at least give me credit for being ahead of the bendover

  53. chicagofinance says:

    ….is a -5 at 6am

    jj says:
    June 3, 2010 at 9:42 am
    A women that is a six at 1 am is a perfect ten by 4 am

  54. Comrade Nom Deplume says:

    Nanny State News of the Day:

    “The Department of Transportation is considering taking action to make airplanes more accessible to people allergic to peanuts.

    The Department of Transportation (DOT) says it is considering the following options:

    “1) banning the serving of peanuts and
    all peanut products by both U.S. and international carriers on flights covered by DOT’s disability rule;
    2) banning the serving of peanuts and all peanut products on all such flights where a passenger with a peanut allergy is on board and has requested a peanut-free flight in advance; or
    3) requiring a peanut-free buffer zone in the immediate area of a passenger with a medically documented severe allergy to peanuts if passenger has requested a peanut-free flight in advance.”

    These considerations are open for public comment at regulationroom.org. . . .”

  55. chicagofinance says:

    Goofball alert:

    I had one of those eerie sense of foreboding feelings back in December 2008…….well I don’t know….I am getting the same kick…..something bad is going to go down…..some time in the next few weeks/months…..

  56. homebuyer says:

    I am looking for good contractors that are either in Bergen County or will come to Bergen County for various projects. I am looking to compile a list based on recommendations from people that you may have used in the past for a project. I am looking for a person or people that can help with:

    Carpentry
    Siding
    Gutter & Downspouts
    Hardwood Floors
    Landscaping & Property Grading
    Basement Waterproofing
    Painting

    Could someone provide some reputable contacts or point me in the right direction? Thanks.

  57. grim says:

    Re: divorce

    …fraud for property?

  58. Mr Wantanapolous says:

    Chi [57],

    I agree, I sense something major.

    The world is one big mine field. A small brush fire can turn into a raging inferno.

    The cyclical uptrend has clearly been broken. Small volume on up days, huge volume on down days. Forget about buying the dips, sell the rallies.

  59. Mr Wantanapolous says:

    homebuyer [58],

    Get my email from JB. I can give you names for hardwood floors and painting.

  60. Pat says:

    cf, it’s not a goofball alert. I am the reigning monarch in this category of psychological phenomenon. See human critical incident repetition and information stress.

    Just go read GS’s recent advisory and you’ll feel better. It’s a real warm & fuzzy.

  61. Libtard says:

    Juicebox (52):

    “Best bet may be what the tried to do a month ago, install the wellhead cap to siphon as much oil and gas leaking to the surface and to finish the relief well drilling ASAP.”

    Drill baby drill!

  62. Libtard says:

    And Gator,

    Captain Cheapo could afford to give up one Starbuck’s coffee per month.

  63. Pat says:

    Gator, congrats on the promotion/raise.

  64. NJGator says:

    Lib 63 – Didn’t you get the message? According to SP the Gulf spill proves those Drill, Baby, Drill folks were right.

    The very politician who inspired country songs about drilling for oil is now boasting that her “drill here, drill now” plan for U.S. energy policy would have mitigated or forestalled the oil disaster in the Gulf…if only you redefine what she meant when she said that.

    Last night, former half-term Alaska governor Sarah Palin believed she’d found a way to both absolve her oil-happy politics and blame environmentalists for the spill at the same time, and took to Twitter to rub it in.

    “Extreme Greenies:see now why we push”drill,baby,drill”of known reserves&promising finds in safe onshore places like ANWR? Now do you get it?”

    http://tpmdc.talkingpointsmemo.com/2010/06/palin-oil-spill-proves-we-were-right-about-drill-baby-drill.php?ref=fpblg

  65. NJGator says:

    Thanks Pat!

  66. jj says:

    I love that car, back in college I found a totally mint 67 cougar convt, rusted rails underneath so it was a not go. Sad I loved it.
    New in NJ says:
    June 3, 2010 at 7:12 am
    I always loved the ‘67 Cougar.

  67. Shore Guy says:

    John,

    If anyone here had a cougar in college, I figured you did.

  68. Shore Guy says:

    njescapee,

    I was just playing with moavable diminished chords, pretty interesting stuff. Especially the transition from 6/9 to diminished.

  69. poor guy says:

    Gator

    congrats for your promotion!

    saw house on 11 forest. not bad but needs updates. however it’s overpriced. for 100K less (to cover renovation/work) might have made sense

    there’s a new place (57 adams) in area you are interested in (linden) no pics yet but prise is promising.

    http://www.realtor.com/realestateandhomes-detail/57-Adams-Pl_Glen-Ridge-Boro-Twp_NJ_07028_1119181212

  70. Shore Guy says:

    movable, too

  71. NJGator says:

    Poor Guy – We are looking at it on Saturday. I am skeptical though because no pics have been posted.

  72. Shore Guy says:

    poor guy,
    12×11 “master BR”?????

    That is the size of the smallest room in our place and it is barely big enough for a twin bed, dresser, and desk. We have thought of turning it into a large closet or a bathroom. I wonder how small the other BRs are in that place.

  73. Shore Guy says:

    Gator,

    Cozy is the word that comes to mind.

  74. NJGator says:

    Other issue about the place is that there is no ground floor powder room.

    Shore re 12×11. Don’t think that’s the master. There’s a 3rd floor bedroom that is something like 14×23…but there’s no bathroom on the 3rd floor.

    It’s not that uncommon in these older homes to have people use third floor space as the “master”.

  75. NJGator says:

    Small rooms is also what is killing the listing on Carteret. Well that combined with the unrealistic ask. I believe the widest bedroom in that house has a width of 10’9″. No third floor master in that house either – that bedroom is 14×8.

  76. jj says:

    Not me but when we were 19 and on a cruise my friend talked to a 50 year old women for like 5 minutes and said lets go to my room, he was all ready to do it and she was dry as sandpaper and then she explained she already did menopause and could not get wet. I was like WTF and what did you do. He was like I threw her in the shower, did her and tossed her. I was like JC no cougar hunting for me. I mean I like a car broken in not already in the scrap heap.

    Shore Guy says:
    June 3, 2010 at 12:22 pm
    John,

    If anyone here had a cougar in college, I figured you did.

  77. poor guy says:

    Shore

    but it is glen ridge of rich and famous–you must be glad the mbr is not smaller. Any way if it were any larger it will be a million bucks house. I wonder who buys these houses–are they sure inflation will kick in? Because my impression is we will have a decade of price cuts. like japan.

  78. chicagofinance says:

    Mr Wantanapolous says:
    June 3, 2010 at 11:23 am
    Chi [57], I agree, I sense something major. The world is one big mine field. A small brush fire can turn into a raging inferno.

    Bost: something in the banks I think…something is wrong….and people know it; maybe some jackaZZ in congress will spout something off or else more euro-shite; to be clear, I don’t know whether it will create a big dent, I just think it will grab everyone’s attention for whatever reason….

  79. poor guy says:

    Gator

    let us know of your impressions. unfortunately I cannot offer you a low ball right now. I will be away for a month or so. not sure I will miss much though.

  80. NJGator says:

    Shore re your question:

    Living Room Level/Dim: First / 18×12
    Dining Room Level/Dim: First / 16×15
    Kitchen Level/Dim: First / 11×20
    Bedroom 1 Level/Dim: Second / 12×11
    Bedroom 2 Level/Dim: Second / 10×12
    Bedroom 3 Level/Dim: Second / 10×9
    Bedroom 4 Level/Dim: Third / 14×23
    Den Level/Dim: Second / 10×9
    Family Room Level/Dim: First /
    Other Room 1 Level/Dim: Basement / 8×12
    Other Room 2 Level/Dim: Basement / 9×12
    Other Room 3 Level/Dim: Basement / 5×10
    Other Room 4 Level/Dim: Basement / 12×6

  81. NJGator says:

    Shore who cares about the room sizes when “WELCOME TO 57 ADAMS PLACE..This Home exudes lots of warmth, character and great energy. Beautiful Tree Lined Street, the property is over 200 ft deep.

  82. chicagofinance says:

    Pat says:
    June 3, 2010 at 11:42 am
    cf, ion stress. Just go read GS’s recent advisory and you’ll feel better. It’s a real warm & fuzzy.

    Please direct me….

  83. NJGator says:

    Poor – Will be interesting to see what transpires. We’re looking Saturday and I just saw they have an open house on Sunday. If the place has potential, I might go by at the end of the open house to see how many people signed in.

    The listing seems to indicate that it’s been updated in the last decade. There’s central air and a deep yard that would probably allow for expansion. Does that negate the tiny rooms and the overall size -1933SF over 3 floors? A slightly larger (2100 SF over 3 floors) updated 3br 1 1/2 bath on Maolis sold for $570k back in June 2008.

  84. dan says:

    What’s the impression here of Cedar Grove and their schools? Clot, no need to comment…..

  85. Libtard says:

    Cedar Grove is an excellent choice of towns to live in. They don’t have a train, but you can drive to the new NJT station at MSU which has plenty of parking. Their schools and community are good and they have a tradition of keeping property taxes in check. I think the Newark reservoir (located in town) might help with this as well. If we didn’t need the train and the shorter commute to the city, I would be all over it. If I was a bachelor, I would probably do Clifton over it, but that is Captain Cheapo talking.

  86. poor guy says:

    of course large rooms are nice but it is already hard to combine location, price and condition. so if you are satisfied from those I would say go for it. how hard is to fit a 1st floor powder and a 3rd floor shower?

  87. onthebrink says:

    Homebuyer(58): Congrats on your purchase. Hope you’ll be happy in it for many years to come. Where did you buy? Would you recommend your realtor?

    The reason I ask is Ive decided to be offended by my agents behavior last weekend – we talked to her about offering 84% on the price a house we were interested in and she basically said, you dont want to be known as “the lowballers”. She said we wouldnt get the house for that price and she didnt want us to waste our time or have us waste her time.

    Im thinking we may be in the market for a new agent.

  88. Shore Guy says:

    Gator,

    Some Garden District houses in NOLA had 3rd-floor slaves’ quarters. For people going way into debt to buy in just the right town, and then having to live in the attic (without a bath room, which is essential for a married couple to have in their room once they have children) actualy strikes a similar chord. Slaves to debt living in spaces that used to be used as slaves’ quarters.

  89. Shore Guy says:

    ” how hard is to fit a 1st floor powder and a 3rd floor shower?”

    Bathrooms can be huge expenses.

  90. Yikes says:

    for a few hours at least, there will be no talk of the oil mess or the war or the prez …

    because an umpire blew a call and a perfect game! then admitted to it

    http://is.gd/cAViC

  91. Comrade Nom Deplume says:

    [92] brink

    That’s a tired game she is playing. Dump her.

    Dump her hard.

    And always remember, they work for themselves, never for you.

  92. Yikes says:

    oh, and that kid who killed the Holloway girl in Aruba 5 yrs ago has struck again (in Peru this time)

    http://is.gd/cAYeJ

  93. Comrade Nom Deplume says:

    [61] grim

    Divorce for tax reasons is not a sham.

    Whether divorce to qualify for tax benefits is remains to be seen. Will have to read regs on that.

    As for the divorce then default gambit, that depends on the mortgage, not the status of the couple. If one party was never on the note, or the bank agreed to release one, then fine. Otherwise default is default and anyone on the note gets nailed.

  94. poor guy says:

    shore

    very hard to find mbr with own bath in GR for under 700K. however a bathroom on each floor is a must imho. once they are older you can ostracize kids/slaves to 3rd floor and keep 2nd floor bath and offices. Also, kids keep fit with stairs.

  95. Final Doom says:

    The US is one giant default. Individual, group, national…you name it.

    TIme to hit the reset button.

  96. Comrade Nom Deplume says:

    OT alert

    Cameron calls BP “morons” for turning down his offer of help.

    http://www.cnbc.com/id/37490260

    What was he going to do? Give us the oil leak feed in 3D?

  97. Nicholas says:

    Onthebrink,

    I am not a RE agent but I’m a pretty smart guy. If I were an agent I would rate my customers based upon a few factors that would tell me if they were in the right mood to purchase.

    I would first ask them questions such as “when do you think that you will honestly start looking for a house” or “Do you have any little ones on the way?” These answers will tell me if you are looking in the next 30,60,90 day timeline. If you wife is pregnant the nesting instinct will hit very, very strongly in the 3-5 month range because you cant unpack while she is 8 months pregnant.

    If not pregnant, I want to spend my time focusing on clients that need to move in the next 30 days. This will put some pressure on them to reach for the checkbook and will make a sale much more likely to happen.

    If the agent is smart and you start lowballing and fishing for super deals right in the middle of the spring selling season they are going to tell you (hopefully nicely) that they are busy and have other clients.

    Try pitching those lowball offers in the late fall/winter since the agents will be happy to have any action at those times. The other thing to try would be to convince the agent that you have to buy right away and then still lowball…”My wife is 5 months pregnant and she will KILL me if we don’t find a house in the next 30 days. By the way she absolutely must have that house and all we can pay is 87% of X.”

    Another good way would be to incentivise the agent to get your listing price. You and your agent agree that 800,000$ house is overpriced and should sell for 725,000$. You tell them to offer 675,000$ and inventivise the process saying that you will give them 10% of the difference. Sit back and let the negotiation magic happen.

    If the house sells for 675,000$, the agent nets a check for 5,000$ and you get 45,000$ off the purchase price.

  98. onthebrink says:

    Nicholas (102):
    You may be right about the thought process. In fact, we are in a hurry to buy – our landlord has us on a 90 day notice so sooner is definitely better than later for us. But we are not prepared to overpay because of that.

    Should look into the incentive thing – that might do it. Can definitely imagine her rolling her eyes to the sellers agent saying how we “made” her give in such a low offer.

  99. DL says:

    This would be a rant but I can’t get angry anymore. Apologies in advance. I too suspect something very bad is about to happen. Last night’s thread about people asking for $50k raises and refusing to eat the cupcake got me thinking. I work with a bunch of men and women who have been working 7 days a week for the last nine years. Their dedication, commitment, and willingness and devotion to duty is nothing less than awe inspiring. Divorces, broken families, multiple years away from home in 140 degree heat eating food that was wrapped in plastic before this web site started, psyches permanently damaged, and not one of them ever complains. In fact, they volunteer to go back. Had a chat with a collegue who blew out his knee in 2005 in a work related accident (IED) and was just now getting around to having the operation to fix it. Lots worse but you’ve all read about it so no need to go into it here. Try talking someone into a job that offers the opportunity to throw yourself on a grenade for the sake of your buddies. Cupcakes indeed. No wonder I drink. (I’m not a soldier, just have the privilage of working with them.)

  100. poor guy says:

    in the places I am interested in one rarely sees a closing price far from asking. would not submit a low ball unless I want to annoy seller or want to help other buyer.

    Think of it this way: if house asks 800K but value is really 700K then the seller will eventually drop asking and you do not have to lowball. Numerous cuts between 800 and 700.
    if house asks 800K but value is above 700K then the seller will entertain other offers provided there are buyers.

    What’s the point in giving more money to useless real estate agent so that can low ball for you.

  101. Ben says:

    DL,

    IMO, the cupcake test would be a simple test to see who is grateful and who is not. Personally, I would end up firing every one of them. However, I’m a pretty solid judge of character. I’m sure I would have fired them well before it ever got to the point of them receiving a 50k bonus. You know whether someone appreciates where they work within a week. If anyone under me didn’t, I’m sure I could find someone else who did.

  102. Ben says:

    BP just keeps shooting themselves in the foot. You gotta wonder what Exxon Mobile thinks about all of this.

  103. Mr Hyde says:

    Fiddy 40

    The chart PRON you asked for.

    Grim,

    You might find some of these interesting as well.

    ttp://www.scribd.com/doc/32476178/Fiddy-Trends

  104. jj says:

    I want to hire her, she ain’t too hot for me.

  105. jj says:

    In my world a 50K bonus is the equivalent of a IED.

    Ben says:
    June 3, 2010 at 1:58 pm
    DL,

    IMO, the cupcake test would be a simple test to see who is grateful and who is not. Personally, I would end up firing every one of them. However, I’m a pretty solid judge of character. I’m sure I would have fired them well before it ever got to the point of them receiving a 50k bonus. You know whether someone appreciates where they work within a week. If anyone under me didn’t, I’m sure I could find someone else who did.

  106. Mr Hyde says:

    Ben,

    I wonder if it might be time to form a consortium of the major oil companies to address the gulf leak and remove BP from anything but an advisory role, with them footing the entire bill of course!!

    I have heard this idea pop up a time or two already in the news and in the blogosphere

  107. Simply Ravishing HEHEHE says:

    Re 97,

    How do you know he did it? Playa could just be having a streak of bad luck.

  108. Mr Hyde says:

    Anyone notice that Hungary just announced that it is unlikely to avoid a Greece scenario with its finances…..

  109. Comrade Nom Deplume says:

    I know something about this, which is why I wasn’t overly keen on certain areas in Maine for a Nompound.

    And I think I can scratch the Dixfield property off the list.

    “The towns of Rumford, Mexico, Dixfield and Peru “lie side by side along the Androscoggin River and are surrounded by very high mountain peaks that trap volatile organic compounds, like benzene, chloroform and carbon tetrachloride… The paper mill sits directly in the center of this geographical bowl, and we all live around the paper mill. We live in what they call Cancer Valley… “

  110. onthebrink says:

    poor boy – which areas are you looking in?

  111. Simply Ravishing HEHEHE says:

    They caught the van der sloot. I can see his defense now: she took some date rape drug and decided she wanted to commit suicide and I tried to stop her but was unsuccessful. Sounds like a winner.

  112. Anon E. Moose says:

    CNBC’s Dana Olick Calls A Housing Double Dip

    http://www.cnbc.com/id/37469420

    Hoocoodanode?

  113. Jamal Van Jones says:

    Shore Guy –
    Nosiree Bob. No back-room deals. Any offers were made on the porch.

    yup, That’s how Reagan did it.

    http://news.google.com/newspapers?nid=1454&dat=19811126&id=ibcsAAAAIBAJ&sjid=HhQEAAAAIBAJ&pg=5060,5317656

  114. Mr Hyde says:

    Nom,

    I still think the toronto area nompound you linked to was one of the better options you have posted. The option of foreign residency is a huge bonus along with the nation in question

  115. Anon E. Moose says:

    Re[116];

    Good News/Bad News/Good News for Natalie Holloway’s parents.

    Good News: the bastard is going to jail for killing a woman — if not the right one — same same for the most part;

    Bad News – touchy-feely international opinion against death penalty;

    Good News – foreign prison conditions much worse than US. Have fun, pretty boy!

  116. poor guy says:

    brink

    just look how far closed sales are from LATEST asking prices in your area and bid accordingly. It’s hard to find a selling price less than a 10% off asking. the reason is simple: provided the seller is not desperate and there are a few buyers around, seller will first attempt a 10% price cut rather than accept your low ball.

    Now if buyers are desperate (sounds you are) low balling is a joke–see bubble peak.

  117. Juice Box says:

    re: back-room deals

    Blagojevich will be using this in his defense, all part of doing business in politics, just like trying to get rid of ethics committees.

  118. Mr Hyde says:

    Moose,

    In peru i am sure that for a reasonable fee, the prison guards could not see an unfortunate accident in which there is a single fatality

  119. poor guy says:

    it was said here several times: you cannot have tomorrow prices today. You need to wait until tomorrow. unfortunately a desperate buyer cannot wait.

  120. Comrade Nom Deplume says:

    [114] redux

    And if anyone is considering nompounding in Maine, cancer clusters are a problem. For starters, you don’t want to be downwind or downstream from Rumford, Lincoln, or Millinocket.

    Even if factories aren’t running after TSHTF, I would not trust the ground I was walking on not to eventually kill me.

    That is why nompound siting takes so long. The due diligence involved in finding a suitable site is much more extensive than even residential or commercial property diligence. I have come up against environmental concerns, questionable property descriptions, and uncertainty over future municipal master plans.

    And for my money, environmental trumps all.

  121. Mr Hyde says:

    Nom,

    A place outside of Montreal might not be a bad idea to consider….

  122. Comrade Nom Deplume says:

    [119] hyde

    Some questions arose about the ability to develop any of that property, and the cost is somewhat high for what you get, but you get the idea.

    I found another potential fallow land property near Sebago Lake. Great location, fits all the nompound criteria as to siting. Red flags include access and the ability to build/farm, but that is what diligence is for.

  123. Comrade Nom Deplume says:

    [126] hyde

    Une problem: Je parle francais comme un vache espagnole.

  124. Fiddy Cents on the Dollar says:

    Mr Hyde —

    Very nice charts. I will have to review them all tonight. Worth a bookmark, for sure.

    Is there any chart in particular that would show the jj’s typical “3% per year” trend line and the over- and undershoot ??

  125. Mr Hyde says:

    On the topic of RE.

    Has anyone noticed that in major Australian and Canadian cities, PITI on new homes is approaching 60% of gross income. Yet you keep hearing from both places that its different there and that they arent the US.

  126. Mr Hyde says:

    Fiddy,

    Thanks.

    Is there any chart in particular that would show the jj’s typical “3% per year” trend line and the over- and undershoot ??

    Yes, pages 6,7,8,9

    Its in both nominal and inflation adjusted terms. See page 10 for comments on the difference between the two.

  127. Mr Hyde says:

    128

    nope, but i could learn in a hurry if i was motivated

  128. Mr Hyde says:

    Fiddy

    Pages 1 and 4 are duplicates. I will try and rev it up later to remove the duplicate page

  129. Comrade Nom Deplume says:

    [132] hyde

    Yeah, your french sucks worse than mine. I was talking about me, not you.

  130. Comrade Nom Deplume says:

    [120] moose

    How do you say “You got a real purty mouth, boy” in Spanish?

  131. Comrade Nom Deplume says:

    Lemme try:

    Joran. Tu tiene una boca bonita, maricon!

  132. Juice Box says:

    foreboding feeling?

    Turkey: Patrol Ship Circling Near Gaza Coast 03-06-2010 15:50:09 According to a STRATFOR source, only a Turkish patrol ship is circling the area near the Gaza coast, but is not entering Israeli territorial waters. There is no sign of readiness on the part of the Turkish navy to provide escorts to aid ships making their way to the Gaza coast. The source indicated that the patrol ship is only in observation mode for the time being.

    Also the ship from Ireland going to Gaza (not Greece as misreported buy the MSM) is about 280 miles off the coast.

  133. jj says:

    I am actually now worried about my job!!!! It now appears you can be fired for being too HOT. With my amazing looks and tailored clothes I could be the first to go.

    Can someone give me directions to the nearest Kohls and WaffleHouse so I can attempt to de-hot myself?

  134. Qwerty says:

    re: “florham park”

    There is no high school in that town, kids attend Hanover Park High School in East Hanover.

  135. speedkillsu says:

    #69 ….jj how about a sweet cherry 68′ cougar ….http://www.connorsmotorcar.com/68Cougar.html

  136. Fiddy Cents on the Dollar says:

    Mr Hyde —

    Those charts are magnifico….especially those on page 7.

    You are to be commended. With either the Nobel Prize in Economics or the AVN Star Award for Chart Pron.

    Your choice.

  137. Mr Hyde says:

    Fiddy,

    I would prefer the AVN Star Award for Chart Pron.

  138. Final Doom says:

    poor (124)-

    A desperate buyer in this market is akin to someone trying like hell to get syphilis.

  139. Final Doom says:

    jj (138)-

    No; but may I suggest some excellent lice-control products?

    “Can someone give me directions to the nearest Kohls and WaffleHouse so I can attempt to de-hot myself?”

  140. Mr Hyde says:

    Fiddy

    Does the award include a date with Sasha Grey?

  141. Final Doom says:

    Anybody notice Romania & Hungary circling the drain today?

    Total fail auction in Romania.

    IMF headed to Hungary.

    Got forint?

  142. Essex says:

    104. Forget it. They are probably the biggest suckers I’m the workforce. Though I for one am glad to have someone (else) on that wall.

  143. Libtard says:

    Did someone say cupcakes?

  144. Fiddy Cents on the Dollar says:

    I’ll see your Sasha Grey, and raise you one Kayla Synz.

    Google her….but not at work.

  145. Mr Hyde says:

    Fiddy,

    to each their own, I would stick with sasha and her particular talents

  146. Shore Guy says:

    Hummmm. Interesting.

    If Turkey and Israel get into a fight, our NATO obligations will make for interesting politics back home.

  147. Mr Hyde says:

    SHore,

    Dead American citizen

    http://abcnews.go.com/WN/Media/american-killed-gaza-aid-flotilla/story?id=10814848&page=1

    does that mean we declare war on isreal? Or perhaps withdraw all aid

  148. Mr Hyde says:

    uhoh shore:

    José María Ruiz Soroa, a Spanish expert in Admiralty law and co-author of the legal commentary “Manual de derecho de la navegación marítima”,[192] said that Israel is not entitled according to International Law to constrain the freedom of navigation of any ship on the high seas, except in a number of situations that do not apply to the Gaza flotilla case. Blockade is not a valid reason as it is a concept only applicable to war situations. He also mentioned that Israel’s action is a breach of the UN International Maritime Organization Convention for the Suppression of Unlawful Acts Against the Safety of Maritime Navigation (SUA),[193] which was signed by Israel in April 2009. According to the article 6.1 of the SUA, the jurisdiction over the offences that a ship might have committed lays in the State whose flag the ship is flying (in this situation, Turkey).

  149. Juice Box says:

    re: #152 – Hyde – Israelis have the full video in n from several angels and all of the video and photo’s taken by the passengers. This kid may have participated in the fray when the commandos were roping down from the helicopter but shooting four times in the head and once in the chest, surely sounds like an execution to me. I wonder if the report shows the entrance wounds from the front or the back?

  150. make money says:

    Anyone notice BP lately? This one goes down with my Mozzillo takeover call. I still think it could pop to $45 in matter of days.

    any thoughts?

  151. Shore Guy says:

    ” Blockade is not a valid reason as it is a concept only applicable to war situations”

    Bull$hit. A blockade is in itself an act of war. It was for his very reason that during the Cuban Missile Crisis we ddcl&red it a quarantine, and denied that it was a blockade.

    The ships th&t tried to run the blockade knew whaat they were doing, as haave others that came before them. On only one of the flotilla ships, and on none of the previous blockade-breaking ships were there any injuries associated with Israel enforcing the well-publicized blockade — and those injuries were suffered after people on the one ship attacked the soldiers boarding the ship. When military forces board one’s ship, one has two choices: surrender or fight to the death. Some folks decided to fight and they are lucky that more people aboard the vessel did not die.

    Personally, I thought Israel should have either disabled the propulsion system from the water or used cutting torches to slowly sink the vessels, but they instead decided to board some vessels in order to enforce a blockade. So be it. Anyone who resists such an action may reasonably expect to be shot.

  152. Shore Guy says:

    What does Exxon-Mobil think of BP? If I had to guess, “Humm, there is a tasty takeover target.”

  153. Mr Hyde says:

    Shore,

    I am not taking sides in this matter, just stirring the pot a bit

  154. Shore Guy says:

    Juice,

    I submit that ANYONE who attacks a commando of ANY NATION who is engaged in a military action would be shot, and likely many times from numerous weapons.

    These folks are not sitting in at a lunch counter in Memphis, they are attempting to destroy a military operation (blockade) and attack soldiers in the middle of an operation.

    The people on ships in the flotilla that did not resist were not hurt.

  155. Shore Guy says:

    Ket,

    I understand.

    At the end of the day, even though Israel may have been in its right to act like it did, it was tonedeaf to the potential political fallout and it should have disabled the ships without boarding.

  156. Shore Guy says:

    Good news for East Coast beaches (from the AP via CBS News):

    omputer Models Show Gulf Oil Reaching East Coast

    Jun. 03, 2010

    NEW ORLEANS (AP) – Computer models show oil leaking from a damaged well in the Gulf of Mexico could wind up on the East Coast and even get carried on currents across the Atlantic Ocean toward Europe. The National Center for Atmospheric Research models showed Thursday that oil could enter the Gulf’s loop current, go around the tip of Florida and as far north as Cape Hatteras, N.C. According to researchers, oil could threaten East Coast beaches by early July, but they cautioned the models were not a forecast.

    snip

  157. question says:

    From a legal point of view Israel might have committed a crime.
    From a political point of view Israel has acted foolishly.
    From a moral point of view Israel was inhuman. They chose to kill people without being necessary to their declared objectives.

    Can you find something nice to say for this nation?

  158. Mr Hyde says:

    Shore 161

    More good news. They may have found a second smaller leak from a near by, unrelated well.

    http://blog.skytruth.org/2010/06/gulf-of-mexico-time-to-get-serious.html

  159. Juice Box says:

    re: #159 Shore –

    My whole point is they cannot go it alone, even with the 5th largest Army in the world they cannot go it alone.
    They are dependent on imports just like the people in Gaza for survival. Heck they are importing water from Turkey right now.

    They just lost an ally Turkey, this could have been handled better disbale the rudder or prop for example. Now lying and calling everyone who was on that ship a terrorist, Al-Queda etc isn’t going to help them.

  160. make money says:

    SHORE (157),

    I was kinda thinking the same thing but a its a bit more complicated then your usual take over.

  161. homeboken says:

    162 – The nice thing I can say about Israel is that they are the most loyal ally the US has in that region and if we end up going to war, I would rather the Israeli army to be on my side as opposed to my enemies

  162. question says:

    Don’t worry about Turkey. Their leaders are fooling us (and their sheeple)

    http://www.newsweek.com/2010/06/03/in-turkey-more-sound-than-fury.html

  163. Shore Guy says:

    Make,

    Indeed.

  164. question says:

    166

    meanwhile they kill people and act foolishly justifying our enemies. I prefer a loyal smart powerful dog than a rabid fool one.

  165. Nicholas says:

    Wow,

    That is one clear-thinking statement homeboken. I myself prefer loyal allies to enemies too. In fact, I’m not sure who would want to have enemies on their side.

    /sarcasm

    I’m pretty sure that I get what you intended though. Let me paraphrase and see if I can nail it better: loyal but untactful is better then unloyal but tactful.

    Although would prefer that my friends be both loyal and tactful.

  166. Comrade Nom Deplume says:

    Somewhere in Utah is an attorney in desperate need of a beating for recommending this lawsuit.

    http://www.cnbc.com/id/37489882/

    I’ve been on this road many times. It isn’t so badly lit that one cannot see that there are no sidewalks or shoulders. In fact, I can’t understand why she wanted to cross it (for a considerable length, there’s nothing on the other side). And there are lights and crosswalks.

    Putzes, both of them.

  167. Nomad says:

    ChiFi – was thinking of reducing equities and munis 2 weeks ago as my gut was telling me to do so.

    So where do you park the cash until the hurricane subsides back to a storm?

    I am thinking geopolitical event by end of Aug. W/ Israel sending 3 subs (Nuclear) off Iran’s coast, US just sent another aircraft carrier over there I belive (1 currently there now I am told) and had heard 2-3 more US carriers there + all the supporting navy craft by late July – early Aug, that could do it.

  168. jj says:

    If we blew Israel and Iran up the world would be a better place.

    Nomad says:
    June 3, 2010 at 5:34 pm
    ChiFi – was thinking of reducing equities and munis 2 weeks ago as my gut was telling me to do so.

    So where do you park the cash until the hurricane subsides back to a storm?

    I am thinking geopolitical event by end of Aug. W/ Israel sending 3 subs (Nuclear) off Iran’s coast, US just sent another aircraft carrier over there I belive (1 currently there now I am told) and had heard 2-3 more US carriers there + all the supporting navy craft by late July – early Aug, that could do it.

  169. Essex says:

    aw JJ your sensible solutions are insightful. But your 5 series still won’t corner.

  170. Nomad says:

    JJ –

    if we blew Israel & Iran up, we would have a lot of very upset people outside and inside the United States and I am pretty confident that our daily lives would change in such a way that todays problems would pale when compared to what our new reality would be like.

    Once a war is finished, vast #s of people killed, vast #s of people physically and psychologically maimed, vast economic and natural resources expended, enemies sit down at the table and talk.

    Problem in today’s world is that people can get their hands on weapons that produce massive amounts of immediate and latent damage.

    Go to your local VA hospital or if you are in DC, stop by Walter Reed. It will give you a glimpse at the realities of war.

  171. homeboken says:

    Nicholas – You misunderstand my point entirely. When sh!t starts getting hairy in the mid-east, and it will only a matter of time, Israel is going to be side by side with us.

    You think the French or Italians will? They are ally’s but they are pansies.
    What Israel did was a bit extreme, Im not defending their actions, but I am also not willing to crucify them either.

  172. Comrade Nom Deplume says:

    “Final Doom says:
    June 3, 2010 at 3:28 pm
    poor (124)-

    A desperate buyer in this market is akin to someone trying like hell to get syphilis.”

    My NOMinee for quote of the day!

  173. chicagofinance says:

    Comrade Nom Deplume says:
    June 3, 2010 at 2:46 pm

    Lemme try:
    Joran. Tu tiene una boca bonita, maricon!

    Joran tendra un culo roto

  174. chicagofinance says:

    My comment implies a tweak/adjustment of a portfolio, not a paradigm shift;

    Where do you park the cash? In cash.
    In order:
    Safety;
    Liquidity;
    Yield….

    To be clear, whatever the f happens will be done by Labor Day…..
    (1) The fearful will run;
    (2) The opportunists will jump in;
    (3) Everyone else is too f’ing lazy and distracted to do anything more than complain a lot, text on the iShite, and then go back to slamming down burgers and shakes at Sonic.

    Nomad says:
    June 3, 2010 at 5:34 pm

    ChiFi – was thinking of reducing equities and munis 2 weeks ago as my gut was telling me to do so.

    So where do you park the cash until the hurricane subsides back to a storm?

  175. Comrade Nom Deplume says:

    [178] chifi

    [ROFLMAO]

    Si, es verdad!

  176. dan says:

    Two things. First this American was born here and left at two meaning he had plenty of time to become an rabid Jew-hating jihadist.

    Second, as for good things out of Isarel, Bar Rafaeli! Yow!

  177. Al "Fat Thumbery" Gore says:

    “A crew is installing a seven-ton, 26-foot-tall concrete sculpture of an Egyptian god at the airport.

    Anubis, a statue with a jackal-head, will be built south of the Jeppesen Terminal.

    Although part of the lore of the 9,000-pound “Mustang” is that its creator, Luis Jiménez, was tragically killed while making the piece, Anubis may be even more notorious. He’s the Egyptian god of death and the afterlife.”

    http://www.9news.com/news/article.aspx?storyid=140192&catid=339

  178. Al "Fat Thumbery" Gore says:

    The Cap is being lowered now. Oil in the Keys confirmed by the coast guard. Heres some pleasant photos of some oil slicked animals.

    http://www.boston.com/bigpicture/2010/06/caught_in_the_oil.html

  179. meter says:

    “aw JJ your sensible solutions are insightful. But your 5 series still won’t corner.”

    lol

  180. Barbara says:

    91. shoreguy

    “and then having to live in the attic (without a bath room, which is essential for a married couple to have in their room once they have children)”

    Desirable? Sure. Essential? Nawp. I grew up in a house of five, one bathroom. Pretty common sitch too.

  181. Juice Box says:

    Well cap time!

    Here are the BP Video feeds all on one page.

    http://mxl.fi/bpfeeds2/

    FYI Obammy will down there tomorrow to take credit.

  182. Jacque LeCaq says:

    J’ai entrendu qu’il ya une personne qui veut habiter a toronto?

  183. Juice Box says:

    le#187 – I aucun veulent vivre avec un groupe d’idots à Toronto

  184. Mr Hyde says:

    juice,

    I resent that!!!!

  185. Juice Box says:

    hyde

    I represent that!!!

    At least my buds from Toronto do, I learned the new meaning of drinking up there one summer when I was a teenager.

  186. homebuyer says:

    JB

    Could you give me the email for [61].

    onthebrink[90]: I would not recommend my realtor. I mean I have been working with her for
    years and I just use her to put in offers in the Northern Valley towns I have been looking in.
    Regardless all I need is the auto email that screens the listings in my price range and
    I would rather not use any other of the realtor services. They just end up influencing what
    I should bid. Good luck in your search and my only bit of advice
    is that real estate markets are inefficient and that gives all of us the opportunity. Time
    is the only factor that we dont control so much.

    If any other people have good information for various contractors from Q 58 I would love
    to hear from you.

  187. Comrade Nom Deplume says:

    [182] al

    “He’s the Egyptian god of death and the afterlife.”

    Who had the bright idea to put a statue of the Egyptian version of the Grim Reaper at an AIRPORT?????????

  188. Comrade Nom Deplume says:

    [188] juice

    How about Quebec then?

  189. chicagofinance says:

    Jacque LeCaq

  190. chicagofinance says:

    I apologize, but this is incredibly valuable…..
    http://www.youtube.com/watch?v=4XMr3QO2Sbc

  191. Juice Box says:

    Comrade – the frogs in Quebec would skewer you give the chance. Separatists they are, although the dancing clubs in the city have added value.

  192. Ben says:

    “The nice thing I can say about Israel is that they are the most loyal ally the US has in that region and if we end up going to war, I would rather the Israeli army to be on my side as opposed to my enemies”

    Umm, did you ever read about the USS Liberty? Israel deliberately sunk our navy ship and killed our men. I would never trust Israel to fight alongside us.

  193. Stu says:

    Catchy headline seen on the internets…

    “CNN Poll: ObamaCare About as Popular as Joran van der Sloot on a Blind Date…”

  194. Confused in NJ says:

    June 2 (Bloomberg) — Vice President Joe Biden rejected criticism that the Obama administration hasn’t reacted forcefully or swiftly enough to the oil spill at a BP Plc well in the Gulf of Mexico.

    “We were there the first day — the first morning after that well had blown and that platform collapsed,” Biden said in an interview with Charlie Rose on PBS. Obama “mobilized everyone in the White House, in the West Wing, made it clear that every single asset of the federal government should be made available.”

    Biden said that “from my perspective,” if the administration made any mistake, it was that “we haven’t communicated clearly enough.”

    Joe wouldn’t lie so “O” is on top of the spill. He is going to have BP fly the White House, inverted, and drop in on the well to stem the leak.

  195. Confused in NJ says:

    I actually forgot about this incident as I was mustering out that year:

    The USS Liberty incident was an attack on a United States Navy technical research ship, USS Liberty, by Israeli Air Force jet fighter planes and motor torpedo boats, on June 8, 1967, during the Six-Day War. The combined air and sea attack killed 34 crew members (naval officers, seamen, two Marines, and a civilian), wounded 171 crew members, and severely damaged the ship. At the time, the ship was in international waters north of the Sinai Peninsula, about 29.3 mi northwest from the Egyptian city of Arish.

    Both the Israeli and U.S. governments conducted inquiries into the incident, and issued reports, which concluded that the attack was a mistake, due to Israeli confusion about the identity of the USS Liberty. Some U.S. diplomats, veterans and intelligence officials involved in the incident continue to dispute these official findings, saying the Israeli attack on the USS Liberty was not a mistake, and it remains the only major maritime incident in U.S. history not investigated by the U.S. Congress.

    In May 1968, the Israeli government paid US$3,323,500 as full payment to the families of the 34 men killed in the attack. In March 1969, Israel paid a further $3,566,457 in compensation to the men who had been wounded. On 18 December 1980, it agreed to pay $6 million as settlement for the U.S. claim of $7,644,146 for material damage to the Liberty itself.

    The ship, a $40-million dollar state-of-the-art signals intelligence platform, was later declared unsalvageable and sold for scrap.

    On December 17, 1987, the issue was officially closed by the two governments through an exchange of diplomatic notes.

  196. Shore Guy says:

    “Navy technical research ship”

    Translation, it was gathering information for the NSA. As I recall it. the attack occurred as things were winding down but before Israel made the grab of Golan and one may speculate that Israel did not want the US to knoe that they were going to seize the Golan Heights.

    In the final analysis, we were pissed but recognized the long-term strategig advantage of having Israel taie it to client states of the USSR.

  197. Juice box says:

    Re:202 confused – one of the flotilla passengers was a former crew member of the liberty. Google the passenger list since the MSM won’t. They were all Al-queda if you follow the MSM.

  198. Shore Guy says:

    It sems that many of the Turks on the ship that caused the trouble were from a more radical islamic sect in Anatolia and the Turkish government is putting distance between itself and them.

  199. Juice box says:

    Shore gonna have to disagree again. The commando’s lived did they not? whatever weapons were taken from the commandos as they boarded were unloaded and thrown overboard. nobody survives 25 vs one unless they want you to.

  200. Juice Box says:

    FYI – the Israelis are still holding an Irishman and two Australians. Guess they are Al-Queda too…

  201. Juice Box says:

    Comrade – I am not the one who is confused.

    Liberal secular

    yet Zionist….

    http://www.haaretz.com/print-edition/features/are-young-american-liberal-jews-ashamed-of-israel-1.293443

    I have got the needle and thread ready.

  202. High Chair says:

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