A “significant and growing shadow inventory that is likely to persist for some time”

From Inman:

Report: 8 months of ‘shadow inventory’

The “shadow inventory” of homes likely to be repossessed by lenders or already in their real estate owned (REO) inventory but not yet on the market reached 2.1 million units in August, up from 1.9 million a year ago, according to the latest analysis by data aggregator CoreLogic.

Because home sales also slowed, the shadow inventory represented eight months of housing supply, up from five months a year ago, CoreLogic said.

Weak demand for housing is “significantly increasing the risk of further price declines in the housing market,” said CoreLogic Chief Economist Mark Fleming — a problem that’s exacerbated “by a significant and growing shadow inventory that is likely to persist for some time” because of the length of time it takes loan servicers to liquidate properties.

This entry was posted in Economics, Foreclosures, National Real Estate, Risky Lending. Bookmark the permalink.

143 Responses to A “significant and growing shadow inventory that is likely to persist for some time”

  1. willwork4beer says:

    Frist!

  2. grim says:

    From the Washington Post:

    Foreclosure taking toll on kids

    Three years into the mortgage crisis, the public debate over how to stem the unprecedented tide of foreclosures and the damage they are doing to the housing market have largely overshadowed any discussion of the human toll. But researchers have begun to probe what happens to people after they lose their homes and are becoming especially concerned about the harm done to children.

    The number of children displaced has been climbing steadily in recent years, with nearly 40 percent of U.S. school districts surveyed citing foreclosure as the top reason for the surge in homeless students, according to a report this summer by First Focus and the National Association for the Education of Homeless Children and Youth.

    Children who are forcibly uprooted from their homes and schools tend to suffer emotionally, socially and academically, studies preceding the mortgage meltdown show. Researchers suspect the same may be happening with children who have been dragged through foreclosure and are urgently exploring the consequences.

    “This foreclosure crisis is the largest forced relocation event we’ve had in this country since the Great Depression. In the modern educational environment, we’ve never seen anything come close to this,” said Dan Immergluck, a housing policy professor at the Georgia Tech.

  3. grim says:

    From HousingWire:

    Failed HAMP mod short sales increase through September

    Top mortgage servicers have completed 91,827 short sales or deeds-in-lieu of foreclosure on canceled trial or declined modifications through the Home Affordable Modification Program as of September, up 27% from the previous month, according to data from the Treasury Department.

    The Treasury started HAMP in March 2009 to provide incentives to servicers for the modification of loans on the verge of foreclosure. Through October, those servicers have started 1.4 million three-month trials and converted 519,648 of them into permanent status, though conversions have been going down in recent months.

    The top eight servicers — including Bank of America, JPMorgan Chase, CitiMortgage, Wells Fargo and GMAC Mortgage among others — have canceled 551,821 trials either due to a redefault, lack of documentation, or the borrower was deemed ineligible. Those same servicers have declined 842,436 homeowners from entering a trial, according to the latest Treasury data through September.

    Of the canceled trials in that time, 47,001 have been liquidated through a short sale or the homeowner gave up the deed-in-lieu of foreclosure. Of the mortgages that were denied from a trial, 44,826 went into short sale or deed-in-lieu for a total of 91,827.

    Most of the short sales, however, are reportedly not being done through the Home Affordable Foreclosure Alternatives program, which was launched by the Treasury in April to incentivize servicers to conduct short sales and DILs on loans that fell out of HAMP.

  4. Jingle Mail Pale Ale gets my vote.

    I can crack one open at 6 AM Thanksgiving AM to help me prepare for my 300-lb, Scotch swilling BIL and his attack rodent of a wife.

  5. I may have to roast a terducken just to hold my BIL at bay. He eats like a goddamned plow mule.

  6. Cholesterol is so friggin’ high, his doc told him don’t even bother with Lipit0r.

  7. “Families stay huddled in their McMansions, protected from phantoms by state of the art security systems. Their interaction with the world is through their electronic gadgets. Neighborhoods of cookie cutter 4,000 sq ft mansions appear deserted. Human interaction is rare. Happiness is in short supply. As I sit in miles of traffic every morning during my soul destroying trek to work I observe the thousands of cars, SUVs, and trucks and wonder how this can possibly work when the peak oil tsunami washes over our society in the next few years. Then I reach the bowels of the inner city and my pessimism grows. This concrete jungle is occupied by hundreds of thousands of uneducated, unmotivated, wards of the state. They live a bleak existence in bleak surroundings and depend upon subsistence payments from the depressed suburbanites to keep them alive. How will they survive in a post peak oil world? They won’t.”

    http://www.zerohedge.com/article/guest-post-things-fell-apart-nobody-paid-much-attention

  8. willwork4beer says:

    Re: Nompound Brewery – Bitter Renter was the best name suggested by far. The interesting twist is that ales called “bitter” usually aren’t all that bitter. Kinda like those folks who used to be referred to as “bitter renters”.

  9. Mike says:

    Grim Number 2 Not only does it mentally scar the kids forever that they have leave their home, friends and school, but they take on the stress too that the parents are going through leading up to the foreclosure. As much as the parents try to hide it from them the kids they know there’s something wrong. Messed up situation.

  10. SG says:

    Ireland – printing money is not going to help

    “When we look at Ireland for instance the property market is still in decline – in other words collateral backing of their banking system is still deteriorating,” he told the Business Channel.

    “In Spain the property market is yet to deteriorate – they haven’t dealt with it yet because the property that’s sitting on their banks books is still sitting at full price – there’s still going to be a few write-offs – and in the US it looks like a double dip is actually busy unfolding in the property market with those prices starting to dip again,” he warned.

    “With the foreclosure mess effectively there are more losses built into the system bail-outs or not so it looks like the financial sector talking global probably needs another re-capitalisation and that’s going to be extremely difficult because quantitative easing, printing money and bailing out banks have become politically toxic.”

    He says the printing of money or “quantative easing” is initially easy to manage.

    “You print it. That’s not difficult. The leprechauns gather them around and wave their magic wands and boom there’s money – you ask the fairy godmother in the European Central Bank to come along and print the money and there’s the money. The problem is the solutions are not easy and they can be destabilising in their own right.”

  11. chicagofinance says:

    The end is nigh….
    Updated: Mon., Nov. 22, 2010, 4:27 AM
    Cookie monster on loose
    By EDMUND DEMARCHE and JENNIFER FERMINO

    Last Updated: 4:27 AM, November 22, 2010

    Posted: 1:52 AM, November 22, 2010

    A well-dressed thief with a penchant for vegan savories is wreaking havoc in Chelsea Market — twice attacking a store manager who caught her filching organic cookies before making her getaway on a purple scooter.

    Security at the upscale Manhattan food court has distributed the woman’s photo — which the manager snapped right before she allegedly tried to Mace him — along with warnings for stores to be wary.

    “F- – – you! I’ll be back every day! You can count on it!” the woman allegedly screamed at One Lucky Duck manager Jonathan Wright after he accused her last Wednesday of stealing cookies.

    That cookie confrontation was the second the two had over the popular vegan, gingerbread treats in less than a month. In the first, she allegedly walloped him with her foot-powered scooter after he told her to stop stealing.

  12. chi (12)-

    In related news, the Hamburglar has escaped the penitentiary in Newark and is on a fast-food robbery rampage.

  13. Supersize me.

    http://www.youtube.com/watch?v=AU1iq9rqYJ0

    Time for McD’s to bring back Grimace. He’d make an excellent brand spokesman in these troubled times.

  14. JJ says:

    wow munis just popped, bonds trading at 96 at 8:40 am disappeared and were re-listed at 101-102 by 9:20pm. Guess muni sell-off just shifted.

    Well Jets are amazing, another great game. Even weirder I had extra tickets this year I sell to help with cost of seats. Five games sold, Five buyers women. Weirdest one, a girl from PA bought my row one bills tickets for her BF for Christmas, said I want to surprise him with front row tickets in his stocking, a night in the city. WOW. if I was single I would put an engagement ring in the stubhub pouch instead of tickets. Maybe girls like that only exist in PA.

  15. Juice Box says:

    And we are worried about patting down kids private parts, Iran and North Korea!

    How about a Federal Agent drunk behind the wheel of a nuke bomb!

    http://www.msnbc.msn.com/id/40313722/ns/us_news-security/

  16. NJGator says:

    An Open Letter to the Residents of Essex County from Joey D….

    Thank you for helping us make history on Election Day, November 2, when I became the first person to be elected to a third term as Essex County Executive. I am humbled by the overwhelming margin of victory and the confidence you have in me. Serving the public is a sacred trust and one that I take very seriously.
    My administration, from our professional directors to our dedicated 3,500 employees, along with our Board of Chosen Freeholders, has made a great deal of progress these past year eight years. Improvements have been made in each one of our County parks and reservations, while bridges, roads and intersections have been modernized to enhance safety for pedestrians and motorists.
    Most importantly, in these economic times, our financial position has been stabilized. Our bond rating has been upgraded six times, to its highest level in 20 years, and for eight years, Essex County has maintained the second lowest average percentage tax increase of the 21 counties in New Jersey. In addition, four underperforming County facilities – Essex County Turtle Back Zoo, Essex County Correctional Facility, Essex County Juvenile Detention Facility and Essex County Hospital Center – were physically transformed and now generate about $40 million in recurring revenue. These positive changes, as well as many more, such as the total renovation of the old Newark Jail into a modern office building, adding $1.7 million to our bottom line, through revenues and cost-avoidance, have made Essex County a model government.
    This is not the time to rest on our past accomplishments, however, because the county, state and country are in a deep economic crisis. Essex is particularly affected, with the state’s highest foreclosure rate, highest unemployment rate and highest property taxes. Huge as these problems are, though, they are not insurmountable. We can overcome them if we put aside our differences and work together.
    We must rein in pension and health care costs for public employees, find ways to create new jobs and keep people working, make Essex County attractive for businesses, and stabilize our neighborhoods. These issues affect our quality of life, our ability to afford to live here, our future and our children’s future. The constant fighting between Democrats and Republicans obstructs progress and mutes every discussion. It can no longer be business as usual in Essex County, Trenton or Washington, DC. We should want our elected leaders to collaborate, with progress for the people in mind, and we should encourage our elected leaders to engage in Democratic-Republican partnerships instead of questioning their party loyalty. Essex County stands ready to work with anyone who has ideas to help move us forward.
    It is time for a change. Time for a “from the ground up” re-examination of the governmental structures that have been in place in New Jersey for 200 years. New Jersey is a state that has jealously guarded the “rights” of individual municipalities and school boards, leaving us with 566 municipalities, with populations ranging from 18 to almost 300,000. We have school boards in towns without a single school. This is a luxury of squandered resources that we can no longer afford. Not in the state, and especially not in Essex County. Not with the property taxes we pay. Not with the 2 percent budget increase cap we face.
    Leadership, to me, means setting goals and new directions. Many people are afraid to make changes, and seek to modify existing policies little by little, rather than forging ahead with broad suggestions. As you know by now, that is not my style!
    I think it is time for the 22 municipalities in Essex to take a giant leap, gather together and seriously consider the ways we can consolidate our communities, share services and reduce the burden on our taxpayers. Let us take charge of our destiny and lead the state by setting new directions in Essex.
    More than ever, I am inspired and motivated to work for the people of Essex County. I am proud to serve you as Essex County Executive and will devote as much energy and commitment over the next four years as I did in my previous two terms. We want you to stay involved by sharing your thoughts and concerns at 973-621-4400 or joedi@admin.essexcountynj.org. Together we will continue Putting Essex County First.
    Joseph N. DiVincenzo, Jr.
    Essex County Executive 

  17. yo'me says:

    Jets ,Patriots and Falcons 8-2.When is the Jets 4th qtr luck going to end?Untouchable Sanchez

  18. nwnj says:

    And yet you can still go to a Jets game for $20.

  19. Yikes says:

    Doomsday IPA

  20. JJ says:

    Mark Sanchez, Mr. GQ, Holmes Super Bowl MVP. Thomilson NFL Hall of Fame. Revis, Best Jet Corner Ever.

    Makes me forget how good Cromertie and Edwards are.

    Jets beat Bengals on Thanksgiving they go to 10 and 2!!! However, Stealers and Pats on the road coming up are teams that don’t give away last second touchdowns. Those are my “please don’t become same old jets games”.

    Great Game yesterday, MAN how the Jets crowd has changed. Parked my five series next to two other five series near a Landrover, a new Mercedes and a 2010 7 series in the PSL lot yesterday!!!. Me wondering how those new fans will be sticky when and if we go back to being stinky. But sunny November day and being 8 and 2 the Meadowlands was PACKED yesterday.
    yo’me says:
    November 22, 2010 at 10:13 am

    Jets ,Patriots and Falcons 8-2.When is the Jets 4th qtr luck going to end?Untouchable Sanchez

  21. JJ says:

    Maybe UD on Thanksgiving. Sold my lower level seats on average for $350 a ticket. I only go to five games a year.
    First year of new stadium tickets go for more, tickets go for more when team is good and weather is good. Yesterday the scalping gods shined on Jets as they had all three.

    nwnj says:
    November 22, 2010 at 10:17 am

    And yet you can still go to a Jets game for $20.

  22. Shore Guy says:

    Right in our own backyard, TSA screeners reaching INSIDE underware and rooting around, on he verge of body cavity search:

    http://abcnews.go.com/Travel/tsa-responds-passenger-outrages-underwear-search-happen/story?id=12208932

    An ABC News employee said she was subject to a “demeaning” search at Newark Liberty International Airport Sunday morning.

    “The woman who checked me reached her hands inside my underwear and felt her way around,” she said. “It was basically worse than going to the gynecologist. It was embarrassing. It was demeaning. It was inappropriate.”

    That search was against protocols and “never” should have happened, TSA Administrator John Pistole told “Good Morning America” today.

  23. Shore Guy says:

    And then there is this:

    Thomas Sawyer, a bladder cancer survivor, said he was humiliated after a pat down broke his urostomy bag, leaving the 61-year-old covered in his own urine. Sawyer said he warned the TSA officials twice the pat down could break the seal.

    “I was so embarrassed and so petrified of going out into the airport and people would see me and quote unquote smell me,” Sawyer said. “My underwear had dropped to the floor and I’m standing there in front of them with my underwear and had to ask to pull it up.”

    Cathy Bossi, a long-time flight attendant and breast cancer survivor said the TSA made her take off her prosthetic breast.

    “She put her full hand on my breast and said ‘What is this?’ I said ‘It’s a prosthesis because I’ve had a breast cancer,'” Bossi said. “And she said, ‘You’ll need to show me that.'”

  24. Juice Box says:

    Krugman imitates Clot and predicts a blood bath all beginning in April.

    http://www.nytimes.com/2010/11/22/opinion/22krugman.html?src=me&ref=general

  25. grim says:

    Doomsday IPA?

    La fin du monde?

  26. JJ says:

    When is the bloodbath in April? Want to go on spring break and don’t want to miss it.

  27. Shore Guy says:

    Juice,

    I know Simson and respect him a great deal. If he is shouting Fire! it is because there is a fire.

  28. Libtard and the City says:

    Sheriff’s Sale Pale Ale?

  29. Shore Guy says:

    “It is time for a change”

    Gator,

    This is a potential anthem for change in essex county, which, as its lyrics include “I have no home,” has a RE connection as well:

    http://www.youtube.com/watch?v=V1aMTWdQnzo

  30. Shore Guy says:

    I had a job, I had a girl
    I had something going mister in this world
    I got laid off down at the lumber yard
    Our love went bad, times got hard
    Now I work down at the carwash
    Where all it ever does is rain

    And so it goes.

  31. NJGator says:

    Shore 30 – Think he”ll have much luck selling the Millburn-Maplewood-Irvington Consolidated School District outin Short Hills?

  32. Anon E. Moose says:

    Re [2];

    “We can’t foreclose on these fine upstanding deadbeats… FOR THE CHILDREN!!!

  33. Shore Guy says:

    He will have as much luck as B.O is having persuading people that he is doing a good job. Did you see this Op-ed by Eleanor Clift? She is a dyed-in-the-wool leftie and it sounds like B.O. has lost her for good:

    http://nation.foxnews.com/president-obama/2010/11/22/clift-op-ed-problem-cult-obama

  34. Anon E. Moose says:

    Con’t [33];

    They just don’t get it. Foreclosures are not the problem. The problem was the bubble. The WashPost would have us believe that every dollar paying for housing was/is prefereable – both parents working 2 jobs each and the kids raised by illegal immigrant nannys or by the TV under latch key in order to pay off the banksters after having cashed out the Baby Boom generation.

  35. Shore Guy says:

    Foreclosures are indeed the solution.

  36. Shore Guy says:

    Anyone who has had, or soon has, a bad TSA screening experience, here is a place to report it to ABC News:

    http://abcnews.go.com/Travel/mailform?id=12211669

    Off to the salt mine.

  37. Mr Wantanapolous says:

    Shore [31],

    Now I swing a sledge hammer on a railroad gang
    Knocking down them cross ties, working in the rain
    Now don’t it feel like you’re a rider on a downbound train

  38. Juice Box says:

    re # 37- The winter of 2002 I took a little RnR trip to Key West. On my way back home I was accosted by an 80 year old lady dressed in a MUMU who said she worked for the newly formed TSA. She said if I did not remove my flip flops, belt etc that the two National Guardsmen standing a few feet behind her holding M-16 rifles would deal with me. Needless to say I complied.

    I am not happy they ended the National Guard doing security at the airports later that year in 2002. We would be better off with well trained soldiers who can easily whack you with the butt of a rifle if you try and cut the line instead of the barely legal immigrants, old ladies and nincompoops providing security now.

  39. Bubble Disciple says:

    Re:

    “I know Simson and respect him a great deal. If he is shouting Fire! it is because there is a fire.”

    I heard him on Charlie Rose and I agree that he has integrity.

    However, I worry about those who simultaneously shout Fire and cut off the fire department’s water supply so they can sit back and watch everything go up in smoke. I understand that some people are in pain and want others to share in their pain. But in the end, everyone will be worse off.

  40. Mike says:

    Just came back from the Doctor’s Office and while in the waiting room was reading a financial magazine. It states now is the time to buy in Atlanta and Detroit. So if they are setting an example, when the McMansions get to the low 100″s it will be time to buy here to.

  41. wtf says:

    (34) When you try to please everyone, you end up pleasing no one. That’s the problem with being a centrist like Obama.

  42. willwork4beer says:

    #26 Grim

    La Fin Du Monde

    The name is already in use for a great tripel ale by the Canadian brewery Unibroue. Spectacular stuff – highly recommended.

    http://www.unibroue.com/en/beers/la_fin_du_monde/

  43. JJ says:

    Trouble is Obama is Bin Laden’s secret weapon, now that no-body likes him and Ms. Palin who likes to shoot things is soon to be President Bin-Laden will have to go back to blowing things up.

    wtf says:
    November 22, 2010 at 12:46 pm

    (34) When you try to please everyone, you end up pleasing no one. That’s the problem with being a centrist like Obama.

  44. House Whine says:

    34- I never thought if it in those terms, but I think you are right. Stand up for what you believe, then at least most of the people who voted for you will at stick with you. We sorely need real leadership now. I am not happy with Obama’s wishy washy statement as regards the new airport security. It seems like he can say, “Well, see I tried but the TSA said this is the only viable option now”. When you try to please everyone, you may end up pleasing no one.

  45. jj (15)-

    In PA, I wouldn’t assume anyone’s a girl until I see chromosome test results.

    “Maybe girls like that only exist in PA.”

  46. box (25)-

    Let’s start by bleeding Krugman.

  47. Juice Box says:

    Someone tell the Medal of Freedom thanks.

    “If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further”

    http://www.bloomberg.com/news/2010-11-21/warren-buffett-tells-abc-rich-people-should-pay-more-in-taxes.html

  48. homeboken says:

    From DealBreaker – 3 Hedgies raided by FBI so far today. Let the games begin.

    http://dealbreaker.com/2010/11/who-will-be-next/?show=comments#comments

  49. make money says:

    SAN FRANCISCO (MarketWatch)– The likelihood that recent Federal Reserve moves will stoke U.S. inflation prompted Morgan Stanley Smith Barney’s Global Investment Committee to increase inflation-linked securities and commodities exposure in recommended portfolio allocations, the brokerage firm said Monday. Meanwhile, the firm trimmed suggested exposure to emerging markets debt and real-estate investment trusts. Stock investment recommendations continue to underweight most developed markets and overweight emerging markets and commodity-sensitive Canadian and Australian equities. The firm is keeping a neutral, market-weight exposure to U.S. small- and midcap stocks. As for currencies, Morgan said that most of the U.S. dollar’s trade-weighted weakness is likely done, but the firm still expects major developed-market currencies to depreciate relative to the Chinese yuan and other emerging-market currencies.

  50. make money says:

    Homo(49),

    GS is down 5% as well.

  51. homeboken says:

    make _ Homo? why I aughtaa….

  52. JJ says:

    Screw the medal of freedom I saw the medal of honor guy yesterday at the game. I think I could have ran out bullets blazing and rescued first guy all pumped up. But damm it the guy took a bullet in his kevlor doing it. Then he runs out again to save a guy who 99% won’t survive, deflects a bullet of his rife, shoots one al quida guy dead, wounds other al quida guy and carries a guy who had to weigh over 200 pounds with equipment back to safety in midst of cross fire. No wonder he is only living medal of honor guy. High barrier to entry.

  53. Juice Box says:

    raise taxes in a tax haven?

    Ireland has faced intense pressure in recent weeks to raise its corporate tax rate — the lowest in the euro zone — to much higher than its current 12.5 per cent level. But Lenihan insisted Monday that such a tax hike is not a condition of the bailout terms.

    Google has used Ireland’s favourable tax regime to reduce its tax bill by more than $3.1 billion US in the last three years. Hewlett-Packard Inc. was one of several firms to warn Ireland that a tax hike would be ill-advised.

    “HP is very clear, if the tax rate increased we would be relooking at our investment in Ireland,” the head of HP’s Irish operations Lionel Alexander told Bloomberg. “One of the key reasons we came to Ireland was for the 12.5 per cent tax rate, and we think that should stand as part of these negotiations.”

    http://www.cbc.ca/world/story/2010/11/22/ireland-eu-finance.html?ref=rss

  54. Shore Guy says:

    From the AP,

    Camden is no longer number 1.

    TRENTON, N.J. — St. Louis overtook Camden, N.J., as the nation’s most dangerous city in 2009, according to a national study released Sunday.

    The study by CQ Press found St. Louis had 2,070.1 violent crimes per 100,000 residents, compared with a national average of 429.4. That helped St. Louis beat out Camden, which topped last year’s list and was the most dangerous city for 2003 and 2004.

    More U.S. news Guilty verdict in Chandra Levy murder case
    Updated 65 minutes ago 11/22/2010 6:39:46 PM +00:00 A jury on Monday found an El Salvadoran immigrant guilty of murdering Washington intern Chandra Levy. Full story

    .Updated 93 minutes ago 11/22/2010 6:12:04 PM +00:00 Report: Nuke weapon drivers got drunk on job
    Updated 6 minutes ago 11/22/2010 7:38:54 PM +00:00 White House evaluating TSA security methods
    Updated 50 minutes ago 11/22/2010 6:54:32 PM +00:00 Boy dies after plunge from deck at Lakers game
    Updated 75 minutes ago 11/22/2010 6:29:57 PM +00:00 Al Gore’s mea culpa for corn ethanol support
    ..
    Detroit, Flint, Mich., and Oakland, Calif., rounded out the top five. For the second straight year,

  55. Shore Guy says:

    ” I understand that some people are in pain and want others to share in their pain. But in the end, everyone will be worse off.”

    We are in a hydrogen-filled Zeppelin, with no ability to turn left or right or to stop, and we are heading towards a nasty mountain. While there may be some wonderful things on board, and being without them will make the journy less pleasant, it is time to toss things overboard, or face sheer hell.

    There are many wonderful things that government does; however, borrowing to pay for them is no longer an option. It has’nt been an option for years, but we have anyway. Everytime we raise the debt limit with a promise of cuts at some future date, all we do is spend more without cutting.

    We need big cuts, at all vevels of government. Not just fat, meat and bone too. Will it hurt? Yes? But, it will hurt less to wield the scalpel ourselves, while we still have some control over the matter. otherwise, the Republic may not survive.

  56. Libtard and the City says:

    It’s obvious. St. Louis needs bike lanes.

  57. freedy says:

    I object, can’t be true . Camden not # one.

  58. make money says:

    It’s obvious. St. Louis needs bike lanes.

    Lib,

    Post of the month.

  59. shore (36)-

    The best solution is a violent and bloody overthrow of the gubmint.

  60. Confused In NJ says:

    Bin Ladin accomplished his goal very cheaply. He spent a few $100K and cost us $Trillions, while we molest our own citizens. America has lost it’s way. Truely sad.

  61. safe as houses says:

    #57 Lib

    Brilliant. LMAO

  62. Stu (57)-

    Post of the year.

  63. Like I’m ever again gonna take an airplane anywhere.

  64. Essex says:

    Gee shore guy. You put in a whole two hours in that mine of yours.

  65. Green shoots: over the weekend, the tanning joint in the strip mall next to me became a Cash for Gold bodega.

    Good times.

  66. I heard that gals in that old tanning joint were giving rubouts. Wonder how many people will hit Cash for Gold and be disappointed at the new tenant.

  67. JJ says:

    I for one never understood the concept of a rubdown by a beautiful girl in a hotel for around $250 bucks with no happy ending. Seems pointless.

  68. make money says:

    Green shoots: over the weekend, the tanning joint in the strip mall next to me became a Cash for Gold bodega.

    lamar,

    A major name brand realtor’s office ahs been turned into a acash for gold bodega clsoe to one of my properties. More green shoots and plenty of mustard seeds. I suppose.

  69. Al Gore says:

    Tomorrow is silver options expiry. Get some.

    TSA are a bunch of worthless losers. 2 steps below public education teachers.

  70. Libtard and the City says:

    Thanks! (blush)

  71. dan says:

    Stu gets post of the year but Camden Bike Trail Ale doesn’t make the finals????? The injustice :)

  72. relo says:

    Lis Pendens Pilsner anyone?

  73. relo says:

    Shadow Inventory Stout.

  74. dan says:

    relo, good names. Lis Pendens with a pic of some realtor saying it’s a great time to buy. Perfect!!!!

  75. NYC will be all the better once it returns to its violent, profane roots.

    If I wanted to go to a theme park, I can goddam well go to Disney. Gimme Times Square full of XXX, Rangers games in the Garden that mean something and feature plenty of Potvin cheers, chicken liver from Sammy’s Roumanian and the inability to hail a cab below Houston St after sundown.

  76. Mr Wantanapolous says:

    HAMP Anchor Lager

  77. dan says:

    FBI Raid Red

  78. Baltic Dry Index Falling Porter
    Black Mold Brown Ale
    Export Inflation Stout
    Export Beggar-thy-Neighbor Stout
    Good Luck Living on Oatmeal Stout
    Berliners Can’t Bail Out Dark Hordes Weissbier
    Irish Red Ink Ale
    Steam Clean Your Disgusting Drapes Beer
    Raise Your Kids on Vienna Sausage Lager
    30-Year Fixed Biere de Garde

  79. Confused In NJ says:

    The travel blog Flying With Fish gathered opinions from 17 different TSA agents on the recent furor, and judging by their responses, they seem to be among the people most put off by the whole mess.

    “It is not comfortable to come to work knowing full well that my hands will be feeling another man’s private parts, their butt, their inner thigh,” wrote one male agent. “Even worse is having to try and feel inside the flab rolls of obese passengers, and we seem to get a lot of obese passengers!” Another added that most of the travelers the agency deals with “have a problem understanding what personal hygiene is.”

    In short: Thanks a lot, bin Laden!

  80. One for Gary:

    This Crapshack Smells Like Cabbage in Roggenbier

  81. confused (81)-

    Since these TSA retards are unionizing, one thing they will be adept at manually manipulating will be the public trough.

  82. What does Mrs. Manners have to say on the subject of inspecting body crevices and flab rolls?

  83. Mr Wantanapolous says:

    Bazooka Hank’s Heist Bock.

  84. Anon E. Moose says:

    Confused [81];

    Those TSA agents must be the real ‘cream of the crop’ if they continue to come to work under such appalling conditions. There’s got to be something a person WON’T do even for money, and we apparently haven’t found how low that level is for TSA agents.

  85. I would only make it as a TSA agent if you let me do my work with a cattle prod, a plunger handle, large forceps, a speculum and all the X@nax I can eat.

  86. I think Gary or Stu should be chiming in on this subject.

    “There’s got to be something a person WON’T do even for money, and we apparently haven’t found how low that level is for TSA agents.”

  87. Shore Guy says:

    “Gee shore guy. You put in a whole two hours in that mine of yours”

    Yes. It was awful. And only got to bill a few grand for the time. But, at least, it will pay for a few dinners out.

  88. Pretty soon, “dinners out” will mean stolen Beefaroni heated over a trash barrel fire.

  89. relo says:

    Chinese Drywall California Common
    Cat Food Companion Cream Ale

  90. House Whine says:

    86- unfair to target these TSA agents. Read some of their comments- they are absolutely miserable now doing their jobs. With this wonderful economy we are in, I doubt they have easy options for finding another job quickly.

  91. Juice Box says:

    The Discovery Channel should do an episode of Dirty jobs with the TSA with everyone’s favorite host Mike Roe. Let’s see Mike yuk it up while he slaps on a pair of blue gloves and gets to inspect Adult Depends, colostomy bags, Sanitary Napkins and detachable Pen**ise**s!! Opps! fooled you TV viewers on that one Mike really did not break off that mans junk was a gag gift you can pick up at any local party store!

  92. Comrade Nom Deplume says:

    [72] dan,

    “Stu gets post of the year but Camden Bike Trail Ale doesn’t make the finals????? The injustice :)”

    I LOVED it, but it would be meaningless to someone who wasn’t a regular reader of this blog.

    And I think we have worn out the name game, not to mention Grim’s already thinning hair. I am gonna owe him another contribution now. I’ll announce a winner soon.

  93. Comrade Nom Deplume says:

    [25] juice

    Krugman is a tool; a friend who worships him posted on FB, and it was all I could do to restrain myself. It’s one thing to dispute what facts mean, but Krugman was out and out lying in his piece on the Reagan legacy and why Obama should not kowtow to it.

    If there is a blood bath, he had better run to ground because in the internet age, folks like him won’t be safe outside of certain deep blue states, and not even in all sections of them.

    Remember, folks like Krugman consider us the enemy. So as Lt. Aldo Raines said, “oblige him.”

  94. chicagofinance says:

    Nom: I know you just gave an mandate, but how about…
    Read My Lips You Schmuck Pilsner
    Booya Bock
    Friskiesfister

  95. Comrade Nom Deplume says:

    [96] chifi,

    I did, and those won’t cut it.

    Now the baby is up and playing with my computer mouse, so I gotta go.

    Chifi, I will be calling soon, perhaps tomorrow.

  96. safe as houses says:

    #96 Chifi,

    What about:

    Listen Lager
    Duckie Dunkel

  97. Mr Wantanapolous says:

    BOOYAAA?

    Condoshack Shanty Dog Piss Pale Ale

  98. Comrade Nom Deplume says:

    BASTA!!!

  99. Comrade Nom Deplume says:

    I moved to my laptop in the family room. It’s up on my serving station so baby can’t reach it.

    One of the tricks I learned by being a SAHD.

  100. dan says:

    I didn’t think people were actually the TSA people so much as the process. After all, when they took the job, I don’t think they were told they’d be fondling people’s junk or urine bags.

  101. Al Gore says:

    92.

    If I was a TSA agent and miserable at my job I would rather blow my brains out than goto sleep at night knowing Im no better than the SS, Charles Manson, Jeffrey Dahmer, or any other vile human being.

  102. Al Gore says:

    Re:

    Beer choices.

    TSA finger banger light
    Worthless gov sh_tbag lager
    TSA colostomy ripper dark ale

  103. Anon E. Moose says:

    Nom [95];

    Agree about the tooliness of Krugman, and his spouse who instigates, or at least claims credit for inspiring, his poliscreeds. Evidence his Nobel, the primary qualification for which was his hack-like devotion to unfairly slamming GWB in particular and conservative thought more generally.

    I do give him credit for being one of the few people of any profile c. 2005-2006 to call the housing a bubble what it was out loud, and admitting that it might not be A GOOD THING™. On the other hand, I never heard a solution from him that I liked.

  104. relo says:

    105: Moose,

    You mean “Let Moose buy a well maintained, mid-century 4/3 on an acre in BC for $30k” wasn’t brought up?

    On the other hand, I never heard a solution from him that I liked.

  105. Comrade Nom Deplume says:

    [104] Al

    I love you man, but those have nothing to do with real estate.

    Seriously folks, beer name window closed.

  106. Marilyn says:

    Lamar

    You are so damn funny!!!! I love your posts. I love the Holiday beer list! Your great!

  107. Comrade Nom Deplume says:

    [90] lamar

    “Pretty soon, “dinners out” will mean stolen Beefaroni heated over a trash barrel fire.”

    That reminds me; stop stockpiling booze and start stockpiling more canned goods.

    Up to 3 dozen mason jars accumulated. Next fall, I may try my hand at canning some things.

    BTW, anyone watch “Apocalypse, PA”? It was pretty funny, actually, and I loved some of this guy’s ideas (except for the small lawn mower used as a corn grinder). I noticed that some liberals were tearing down the show for its “message” but frankly, he dismissed the notion of TSHTF. Rather, he sounded like someone who wanted to preserve old methods of self-reliance.

  108. Comrade Nom Deplume says:

    [80] lamar

    Irish Red Ink Ale makes the list.

    Black Mold doesn’t. I loved it, but mold and beer don’t mix.

  109. Comrade Nom Deplume says:

    Lis Pendens Pilsner and Shadow Inventory Stout also make the list in their respective categories. Great alliteration.

    New nominations closed.

    now for the Pale Ale name winner. The envelope please.

  110. 30 year realtor says:

    Board Up Brown

    Bitter Reduction Ale

    TLC IPA

    Spring Market Inflated Ale

  111. Punch My Ticket says:

    Nom [109],

    3 dozen mason jars accumulated

    If the apocalypse is on the way, you need at least 3 hundred, not 3 dozen. You’re distracted by the infant, the beer names, the expat lists, but get with it, man!

  112. Punch My Ticket says:

    And get a pressure canner.

  113. Comrade Nom Deplume says:

    [113] punch

    Goal is six hundred for the eventual nompound, and I am exploring how to get them from recycle centers. Beer bottles were easier.

    If I thought TEOTWAWKI was imminent, I’d max out my credit cards on stockpiles of things.

  114. Comrade Nom Deplume says:

    Now, back to the winner of the Pale Ale labeling contest. Selected in small part by this board,

    (sound of envelope tearing)

    And the winner is. . . .

    Appropriately enough. . . .

    Willwork4beer, for his suggestion of Jingle Mail Pale Ale.

    Congratulations WW4B, and thank you to all who made comprehensible suggestions.

  115. Shore Guy says:

    Oh, eee, oh. Oooooooo. Oh.

  116. Shore Guy says:

    How long before some guys start opting out of the scanners just to get felt up a bit?.

  117. Shore Guy says:

    Travelers should use that chant when in airport secutity lines. It is easy, and just about everyone knows it.

  118. Shore Guy says:

    Krugman wins a prize for attacking Bush. Obama wins a prize for not being Bush — Bush League, perhaps, but not Bush.

    I see we have bush theme going here.

  119. al (103)-

    Dahmer’s job was much harder. Kill, butcher, cook, bag, freeze. Every one of those vics represented a double or triple shift.

  120. plume (109)-

    You should try your hand at some homemade kimchee.

  121. Fast Eddie says:

    Wantan [99],

    LOL!!

  122. Fast Eddie says:

    Lamar [88],

    Want to round up every sexx predator in a single shot? Just look at the TSA job applications.

  123. Our country has devolved into a 24/7, skeeved out freak show.

  124. Let me fondle your colostomy bag.

    This is how the empire crumbles; not with a bang, but in a whimper.

    “Turning and turning in the widening gyre
    The falcon cannot hear the falconer;
    Things fall apart; the centre cannot hold;
    Mere anarchy is loosed upon the world,
    The blood-dimmed tide is loosed, and everywhere
    The ceremony of innocence is drowned;
    The best lack all conviction, while the worst
    Are full of passionate intensity.

    Surely some revelation is at hand;
    Surely the Second Coming is at hand.
    The Second Coming! Hardly are those words out
    When a vast image out of Spiritus Mundi
    Troubles my sight: a waste of desert sand;
    A shape with lion body and the head of a man,
    A gaze blank and pitiless as the sun,
    Is moving its slow thighs, while all about it
    Wind shadows of the indignant desert birds.
    The darkness drops again but now I know
    That twenty centuries of stony sleep
    Were vexed to nightmare by a rocking cradle,
    And what rough beast, its hour come round at last,
    Slouches towards Bethlehem to be born?”

    -Yeats

  125. When will the folks who brought People of Wal-Mart give us People of TSA?

  126. So how much further will home prices drop? And does that mean tha RE taxes will come to a normal level?

  127. Confused In NJ says:

    If a Heterosexual Male has to be molested at the airport, can he at least demand that a female do it?

  128. Libtard says:

    Jingle Mail Ale was a wise choice. Especially considering the Xmas overtones it displays.

    Did anyone suggest Plush Velour Porter or D’Jais Lite?

  129. chicagofinance says:

    LOST IN NY: WHERE THE FCUK ARE YOU?

    Fletch: “We’ll be back in the studio in a few months”
    Well the headline pretty much says it all.

  130. willwork4beer says:

    #116 Comrade Nom

    Lots of great suggestions. I’m humbled that you chose mine.

    I’m currently sipping some Insanely Bad Elf from Ridgeway in the UK. Great holiday ale. 11.2% at birth and its been laid down since 2007. Yum!

    BTW: To all – Troegs Mad Elf Ale is available. One of the best holiday ales ever. Disclaimer: It has cherries used in the production, but at 11% its no wimpy beer. PS: The ladies usually generally love this stuff.

  131. Firestormik says:

    Nom,Morfeus,Kettle,Work for beer
    Beware
    Just opened a bottle of http://www.brasserie-st-sylvestre.com/~brasseri/images/stories/Produits/speciales/gavroche.jpg
    has $9.99 price tag at my local store. It has a cork with a “very clever” holder. To open that, I had to use a screwdriver. And I had to use a wine cork opener to pull the cork. Taste is worse than a Budweiser

  132. Samivel Veller says:

    “children dragged through foreclsoure” = we don’t want the smoking gun to be a mushroom cloud

  133. Samivel Veller says:

    America 2010: I have a right to the life style I know I deserve. I will never cut back. I will never downsize. I am entitled to the standard of living I want.

  134. Comrade Nom Deplume says:

    [122] lamar,

    I should. I love kimchee.

    [132] WW4B,

    We had a bottle of Mad Elf (courtesy of Firestormik) while brewing Grim’s Reaper. I felt it after just one glass.

  135. Comrade Nom Deplume says:

    [132] WW4B

    You do realize you won’t be able to collect for months, right?

  136. Comrade Nom Deplume says:

    [117] shore,

    Back in college during jr. year, I was sleeping over at Mount Holyoke College one night,when suddenly, there was this ominous chant of “Ho-LY-oke, Ho-O-lyoke” over and over in the same Wizard of Oz tune. This was accompanied by crashing in of doors and some assorted screams, all at 3 in the morning. Even though these were women, it was a bit unsettling.

    My GF went out to investigate, then came back and said that the freshmen were being hazed. Then she left again to join in on the hazing.

  137. Essex says:

    You guys fascinate me. Spending all day ranting about the inequities of the world while often either wasting your own time or that of your employer. It’s always been fun and informative to read the posts here. I think there are some pretty decent minds at work on this forum. I find it ironic that those who bleat the most about waste and fraud seem to have a lot of time on their hands.

  138. willwork4beer says:

    #133 Firestormik

    Thanks for the tip.

    #137 Comrade Nom

    Of course.

  139. Deb says:

    @#43willwork4beer: La Fin Du Monde is a great beer!

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  141. I have been absent for a while, but now I remember why I used to love this blog. Thank you, I’ll try and check back more often.

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