Additional info from the Corelogic November HPI

From CoreLogic (no link):

CoreLogic® Home Price Index Shows Fourth Consecutive Month-Over-Month Decline – Home Prices Down 4.3 Percent Year-Over-Year

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149 Responses to Additional info from the Corelogic November HPI

  1. Shore Guy says:

    We’re different.

  2. grim says:

    The New York-White Plains-Wayne, NY-NJ Metropolitan Division contains the following areas:

    Kings County (Brooklyn), NY
    Queens County, NY
    New York County (Manhattan), NY
    Bronx County, NY
    Richmond County (Staten Island), NY
    Westchester County, NY
    Bergen County, NJ
    Hudson County, NJ
    Passaic County, NJ
    Rockland County, NY
    Putnam County, NY

  3. Mike says:

    Good Evening New Jersey

  4. Anon E. Moose says:

    Shore [1];

    We’re different.

    Special? http://youtu.be/RmwqnqL3Hbg

  5. Shore Guy says:

    My neighbor has just adopted a dog from Long Island and is wondering if anyone has any ideas for breaking a few bad habbits he seems to have picked up.

    http://photos-g.ak.fbcdn.net/hphotos-ak-ash4/s720x720/395232_2628558230777_1159960313_3145459_1151998913_n.jpg

  6. Shore Guy says:

    Duuuuuuuude. I mean, duuuuuuuuude, read this. Oh, and party on, Garth:

    http://abcnews.go.com/Health/smoking-pot-harm-lung-function-time/story?id=15331989

    snip

    Measuring participants’ lung function for air flow and lung volume five times throughout the study period, the researchers found that cigarette smokers saw lung function worsen throughout the 20-year period, but marijuana smokers did not. Only the heaviest pot smokers (more than 20 joints per month) showed decreased lung function throughout the study.

    snip

  7. Shore Guy says:

    Too bad he did not live long enough to do Samurai home appraiser:

    http://www.youtube.com/watch?v=OxZt4Kxj2cE&feature=related

  8. Mikeinwaiting says:

    Shore , classic.

  9. Shadow of John says:

    How many of you nancy boys ever had Hollywood name a movie after your mini you? All the strumpets in New York sing the praise of me and my Magnificent Seven. Of course they are referring to the folded length mind you:

    http://www.youtube.com/watch?v=9iteRKvRKFA

  10. Juice Box says:

    Ron Paul finishes 2nd. Seems he may go farther than thought. Going to be an interesting year for sure.

  11. The Original NJ ExPat says:

    Ron Paul = real deal. NNJ RE = meh.

  12. Confused in NJ says:

    Doomsday Clock ticks closer to midnight amid fears of nuclear proliferation, climate change
    Published: Tuesday, January 10, 2012, 9:28 PM

    Saul Loeb/AFP/Getty ImagesRobert Socolow, a professor at Princeton University, sits alongside the Doomsday Clock during an announcement by the Bulletin of Atomic Scientists (BAS) announcing that it has moved the hands to five minutes to midnight, up one minute from two years ago, at the American Association for the Advancement in Washington, D.C. today. The closer the time on the Doomsday Clock is to midnight, the closer the world is to global disaster according to the organization. Citing what they called “inadequate progress on nuclear weapons reduction and proliferation and continuing inaction on climate change,” the organization decided to move the time one minute closer to midnight, the closest it has been to midnight since 2007.
    Check the time: by at least one measure, humanity is five minutes away from its extinction.

    The Bulletin of the Atomic Scientists, a group established to raise awareness about the perils of nuclear weaponry and threats to humanity, inched the so-called Doomsday Clock one minute today, bringing the time to 11:55 p.m., according to a report on WashingtonPost.com

  13. PGtips says:

    Don’t put on your “buy now” hats just yet. Consider that the index is mainly new york–even if prices were lower in Bergen and Hudson, this wouldn’t show in aggregate. In fact, CORELOGIC IS >2% LOWER FOR NJ, a fact grim conveniently omitted.

    New Jersey -2.3% -2.5% (excl distressed)

    On a yearly basis, this translates to $1K+ savings per month for a $500K house. Thanks, I’ll take that and revisit buying next year..

  14. Where on that graph is the shark that eats the stick person?

  15. cobbler says:

    Somewhat related to the topic, also to NH primaries:
    http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70737094

    Pen..is Tattoo Causes Permanent Er-ection

  16. Fabius Maximus says:

    #88 Chi (previous thread)
    Sorry, if my sources don’t seem objective to you. Heres one from either side
    http://www.foxnews.com/politics/2012/01/07/billionaire-gives-5-million-to-gingrich-campaign/
    http://www.msnbc.msn.com/id/45916102
    Regardless of the source the message is the same, Billionaire conservative dumps 5 mill into Newts campaign. That buys a lot of “Pious Baloney on Sour Dough” sandwiches.
    Overall I find sources outside the US more reliable as they have less of a US domestic agenda. I think the Financial Times is one of the best newpapers in the world and is one of my main reads.

  17. Fabius Maximus says:

    #74 Zieba (previous thread)

    For Garden State plaza, the easiest parking in the ShopRite in Rochelle Park or there is a GSP lot just up the street from it. There are gates in the back fence that allow you to walk over the service road and through the main car park. You avoid all the cars fighting their way into the carpark to just circle.

  18. chicagofinance says:

    BOOOOOOOOOOOOOYA!

    11:30 PM, January 10, 2012 ι By BRIAN COSTELLO
    The fallout from the Jets’ 8-8 season continued Tuesday night with the announcement by the team that offensive coordinator Brian Schottenheimer will not return next season.

    The Jets sent out a press release a little after 11 Tuesday night, saying Schottenheimer had informed them he would not be back after six seasons.

    “After much thought and consideration, I have decided not to return to the New York Jets in 2012,” said Schottenheimer in a statement. “I am very proud of what we have accomplished in the six years I have been here. I am grateful for the relationships that I have with our players and coaches and appreciate the hard work and dedication that went into our success. My family and I would like to thank Rex Ryan and the entire Jets organization and wish them continued success. I look forward to the exciting opportunities that lie ahead.”

    Schottenheimer had two years and $3.2 million left on his contract. It seems likely that the two sides reached a settlement, rather than Schottenheimer just walking away. Many people called for his firing after the team finished 25th in offense this year and quarterback Mark Sanchez struggled. The team had said he would be welcomed back.

    “Brian and I talked and I understand his decision to look for a fresh start,” said Head Coach Rex Ryan in a statement. “I’d like to thank him for all of his contributions these past three seasons. He’s been right there with me, shoulder to shoulder, and played a key role in our success, helping us to reach two AFC Championship games. As I’ve said before, coaching is in his bloodlines, he has a tremendous work ethic and I consider myself fortunate to have worked with him. He has acquired a lot of experience at a young age and has a bright future in front of him. I know that he will be a successful head coach one day – probably sooner than later.”

  19. grim says:

    Wow this thread went to hell pretty quick

  20. Another day in hell.

  21. Shore Guy says:

    Buy today or under pay tomorrow.

  22. JJ says:

    Being middle class in the parents’ generation meant a household income of roughly $33,000 to $64,000 in 1979. But their children had to earn between $54,000 and $111,000 to maintain their relative standing in society in the mid-2000s. (These figures are adjusted for inflation.)

  23. Shore Guy says:

    I have an idea for a NAR TV campaign designed to get people to buy houses, even in overpriced markets:

    Why pay less? You don’t want your friends thinking that you are a loser can’t afford a house.

  24. Juice Box says:

    30 yr new low, FED will be buying across the yield curve until june.

  25. Brian says:

    People actually retiring and staying in NJ. I would have thought the financial planner would have advised them to get the h3ll out of NJ

    http://www.nj.com/business/index.ssf/2012/01/children_gone_couple_turns_att.html

  26. JJ says:

    UPSIDE MOVERS in premarket. Kodak up another 13% after 50% yesterday. Up 100% in last week.

    Wonder how many people bailed one week ago when WSJ said BK was coming soon, yet instead good news out of company all week. I still think BK is coming. But I would be mad as heck if I sold based on that article. Even worse article was first trading day of week so useless for tax harvesting purposes. Selling at a huge loss first trading day of year is ugly.

  27. Shore Guy says:

    Freedy,

    I believe those numbers are lowballs. I recall seeing an Agency document from 10+ years ago where the estimate of the size of LCN in italy alone was much larger. I want to say well over $200B. From a related document of the same era, Hezbollah, which has both a political and military organisation, had a terrorism budget of something like $600 MM. The amount of money flowing in illegal activities is astounding. Just ask Victor Bout who made a good living at the fringe.

  28. Brian says:

    That’s nice prices near some of you guys in Bergen County are recovering. However, near me, I see more for sale signs in front of used and abused crapshack former rentals. I was looking at pictures of some of them on Zillow and they come complete with leaky roofs and water dammage. Some selling for less than $100,000. Not a good sign.

    The good news is my business friendly town government seems to have successfully helped bring a photonics manufacturing company to town. Their new headquarters in town built on a former vacant lot seems to be almost finished. As I drive by it looks like they’re moving in. Hopefully that brings good paying jobs and potential homebuyers to my immediate area.

  29. 3B says:

    #23 Shore: I have seen the lowest asking prices in some of the “best’ Bergen Co. towns since the peak of the bubble.

  30. Comrade Nom Deplume says:

    World Econ Forum warns of “dystopian future”. Link to come.

    Of course, readers here have known that for years.

  31. 3B says:

    Brian: I am seeing the opposite in Bergen Co, not prices recovering, but prices continuing to decline.

  32. Comrade Nom Deplume says:

    (32) shore,

    Would be a better story if sweeney, Oliver, and lesniak keeled over.

  33. chicagofinance says:

    BTW Fab….your wonderful European based website from a couple of days ago loaded up the newest Windows virus. It actually blew through my firewall, but I didn’t connect the dots until later. Microsoft has a patch, but right now support is overwhelmed since it is so fresh….thanks again….

    Fabius Maximus says:
    January 10, 2012 at 11:12 pm
    #88 Chi (previous thread)
    Sorry, if my sources don’t seem objective to you. Heres one from either side
    http://www.foxnews.com/politics/2012/01/07/billionaire-gives-5-million-to-gingrich-campaign/
    http://www.msnbc.msn.com/id/45916102
    Regardless of the source the message is the same, Billionaire conservative dumps 5 mill into Newts campaign. That buys a lot of “Pious Baloney on Sour Dough” sandwiches.
    Overall I find sources outside the US more reliable as they have less of a US domestic agenda. I think the Financial Times is one of the best newpapers in the world and is one of my main reads.

  34. JJ says:

    chifi, my Northfork Capital One Trups were rockstarts yesterday, up to around 102. How many Trups did you buy in Nov/December during firesale?

    Last week bond dealers were scooping up Kodak bonds from panic and manic sellers at 10 cents on the dollar and today they are selling them at 32 cents on a dollar. Even worse settlement is next tuesday and some have 9.9 coupons so they also got two weeks interest at almost 10%. Ouch. A 10% bond at ten cents on a dollar is crazy considering if and when they go bk they might make at least one more coupon pmt and they have 1,000 patents and buildings and equipment to sell so recovery might be 20-30 cents on a dollar.

  35. Brian says:

    36 – 3b
    I thought maybe that case shiller number at the top of the thread meant a small upward price trend. I guess as a previous poster said maybe the number was brought up because Bergen Co. was lumped into an average with neighoring counties. Oh well.

  36. yo says:

    Clot has been calling that for years

    Comrade Nom Deplume says:
    January 11, 2012 at 9:02 am
    World Econ Forum warns of “dystopian future”. Link to come.

    Of course, readers here have known that for years.

  37. 3B says:

    #40 We Almost put a bid in on a short sale right before the holidays, but than I remembered all the horror stories from here regarding buying short sales.

  38. Brian says:

    35 – Nom

    http://www.cbsnews.com/8301-505245_162-57356802/financial-crisis-lays-seeds-of-dystopian-future/

    that’s depressing. it’s getting harder for me to find any good news.

  39. yo says:

    All of a sudden it’s cool again to call the bottom in the housing market. Already, some prominent pundits and analysts have said 2012 will mark housing’s nadir. Goldman Sachs came out with a report in December predicting that the widely watched Case-Shiller home price index would slip in 2012 but find a bottom. Optimism that Goldman’s forecast will come true should be tempered, however, since real-estate website Zillow /quotes/zigman/5930210/quotes/nls/z Z -0.20% recently published a report of their own pointing to 2012 as housing’s low point. And remember, in 2009, 2010 was supposed to be the bottom. Then it was 2011. Midway through this year, if housing remains weak, look for those bold analysts to backpedal, finding unforeseen circumstances that rendered their predictions null.

    http://www.marketwatch.com/story/12-housing-themes-for-2012-2012-01-11

  40. Brian says:

    44 – yo
    Hey that’s good news.

  41. Painhrtz - I ain't dead yet says:

    Clot has been long in MRES and Brass as long as I have been coming here.

    the only bottom I think I’ll be seeing are the two that will be here in a few weeks, houses I looked at over two years ago are still on the market with pre bubble prices in Randolph. Less of them but some are still there. There is a fine looking non cookie cutter Mcmansion that has been dormant since we moved in by CCM that I see becoming a new campus office before it sells

  42. Anon E. Moose says:

    Pain [46];

    Can I reach you by e-mail? john_doebinski (at) yahoo (dot) com

  43. gary says:

    We had a bottom in 2009, 2010 and 2011 yet we’re now being told it’s definitely 2012… for real… no seriously… no kidding this time… no really, I’m serious! :o

    At the end of 2012, when we’re reading stripper stories from Graydon’s mom, perhaps “60 Minutes” can do a story about the dismal economic conditions contrasting the robust sales and rising prices in the Northern NJ unicorn towns. Let’s all don our ruby slippers and click our heels together and proclaim, “There’s No Place Like Home!”

  44. Painhrtz - I ain't dead yet says:

    moose why do you want to reach me?

  45. yo says:

    #45 Brian

    Sometimes Good News can change our psych and look at some bright side.6 years in the hole,dystopian living makes you feel tired of the same.Even Japanese are optimistic of their future after all the calamities and 30 years of deflation

  46. NJGator says:

    Future Montclair Comp Killer….with NYC views.

    There’s not a lot on the market in Montclair right now—but there is one good deal to be had.

    A spacious home at 178 Highland Avenue has just gone back on the market for $1.175 million, reduced from last year when it was priced at $1.375 million.

    The house, with a high-end kitchen and a master suite with private terrace, was purchased in January 2008 for $1.550 million.

    http://montclair.patch.com/articles/just-listed-featured-property-for-sale

    http://tax1.co.monmouth.nj.us/cgi-bin/m4.cgi?&district=0713&block=501&lot=20&qual=

  47. Juice Box says:

    German Bundesbank auction of short-term 6 month German bonds have resulted in a negative yield, first time ever at an Auction. Who is paying the Bundesbank for the privilege of owning their paper?

  48. Brian says:

    50 – yo
    While I am a realist, I do try to look at the bright side. Like a soldier on the battelfield, you gotta stay positive. I mean, I could just sit down and whine about every injustice in the world while the enemy overwhelms me. But I’d rather go down fighting.

    On that note, I found some more good news. These people seem to be a lot smarter than me so, maybe there’s something to this:

    http://www.bcg.com/expertise_impact/publications/PublicationDetails.aspx?id=tcm:12-84591

    I witness this every day. The Thorlabs world headquarters is being built a few blocks from my house. They’re not a huge company, but the guy that owns the business really loves my town and the town government actually seems to want to work with him.

  49. yo says:

    #53
    I hope this is the start.We need jobs for the millions of people that want one.

  50. Juice Box says:

    Yo – “Even Japanese are optimistic of their future after all the calamities and 30 years of deflation”

    Where did you read that in NY Times/Pravda or the WSJ? The Japs are in big, big trouble.

    Coming of age ceremonies have been celebrated in Japan since at least 714 AD they had the low turnout this year only 1.2 million, less than half 40 years ago.

    Why do you think that is? People over there don’t like to screw? They cannot afford to have children, and it is a huge problem for Japan. Their men don’t even want to be men anymore, they pee sitting down, they don’t want to be salary men and live at home past 30 yrs old.

    http://gaijinchronicles.com/2010/08/31/plight-of-the-grass-eater/

  51. Shore Guy says:

    Another gem by George Will:

    By George F. Will, Published: January 6

    Liberals have a rendezvous with regret. Their largest achievement is today’s redistributionist government. But such government is inherently regressive: It tends to distribute power and money to the strong, including itself.

    Government becomes big by having big ambitions for supplanting markets as society’s primary allocator of wealth and opportunity. Therefore it becomes a magnet for factions muscular enough, in money or numbers or both, to bend government to their advantage.

    The left’s centuries-old mission is to increase social harmony by decreasing antagonisms arising from disparities of wealth — to decrease inequality by increasing government’s redistributive activities. Such government constantly expands under the unending, indeed intensifying, pressures to correct what it disapproves of — the distribution of wealth produced by consensual market activities. But as government presumes to dictate the correct distribution of social rewards, the maelstrom of contemporary politics demonstrates that social strife, not solidarity, is generated by government transfer payments to preferred groups.

    snip

    http://www.washingtonpost.com/opinions/government-the-redistributionist-behemoth/2012/01/05/gIQAFqqpfP_story.html

  52. Juice Box says:

    re: #30 – 3b – The drum for QE3 is beating but they want him to buy MBS at par I gather. Who has lots of MBS these days?

  53. gary says:

    Shore [57],

    Which is why Liberalism is classified as a mental disorder.

  54. Shore Guy says:

    Or, at least, a character flaw. Except in co-eds, when one is in college, when a, well, liberal sprinkling liberal co-eds makes for a more, um, fulfilling college experience. Or so I have heard. Right Nom?

  55. Juice Box says:

    Been looking at Middletown NJ. Anyone care to comment, besides the $645 a month ferry commute? Taxes seem ok housing seems more upscale than many blue ribbon towns in Bergen @ 200 a sq ft.

  56. Shore Guy says:

    Griswold? Romney is against the Griswold decision? He doesnt believe in a right to privacy? Oy! Huntsman better catch fire this week.

    snip

    Since the first time Mitt Romney ran for President, four years ago, he’s been on record reversing his previous support for abortion rights. However, when pressed by George Stephanopoulos in the debate Saturday night, Romney went beyond mere opposition to Roe. He said he thought Griswold v. Connecticut, the 1965 case that first made explicit the right to privacy, was also wrong. “I don’t believe they decided that correctly,” Romney said. In this, the front-runner was eagerly seconded by Rick Santorum, who said the Justices “created through a penumbra of rights a new right to privacy that was not in the Constitution.”

    In Griswold, the Court ruled that a Connecticut law banning the sale of contraceptives, even to married couples, was unconstitutional. In the most famous passage from that opinion (which Santorum alluded to) Justice William O. Douglas said, “Specific guarantees in the Bill of Rights have penumbras, formed by emanations from those guarantees that help give them life and substance. Various guarantees create zones of privacy.” Later, Douglas said, “We deal with a right of privacy older than the Bill of Rights—older than our political parties, older than our school system.”

    Roe has long been controversial, of course. But Griswold, largely, has not. For example, while John Roberts and Samuel Alito were cagey in their references to Roe in their confirmation testimony before the Senate Judiciary Committee, both of them readily embraced Griswold as a settled precedent of the Court. This is understandable. It is chilling to believe that the Constitution could allow a state to ban married couples from buying birth control. (A few years after Griswold, in a 1972 case called Eisenstadt v. Baird, the Court said states could not ban unmarried people from buying birth control, either.

    snip

    http://www.newyorker.com/online/blogs/comment/2012/01/the-republicans-lost-privacy.html#ixzz1jAJfZjvN

  57. Painhrtz - I ain't dead yet says:

    Shore, I was a pot smoking civil rights, feminist, supporting redistibutionist as the situation merited. Especially when Sally and Mary were looking for a little mind expansion while exploring their well you know the rest. Prime targets were those who wanted to really cheese off their WASPY, evangelical parents. If there is a hot burning place below I put more than a few coeds on the path to eternal damnation, a fact I’m very proud of : )

  58. Juice Box says:

    By virtue of living in NJ you are classified a liberal by nearly everyone else. At least that is what I am told by my Red State friends and family members who drive trucks and shoot guns every weekend.

  59. 3B says:

    361Juice: Thought you were staying in NYC?

  60. yo says:

    Juice
    While what you are saying is true.The aging population,couples having one or no kid at all is a result of their sucesss before the 80’s.After the bust,they had a hard time getting back up.Jobs were harder to get.People living in the outskirts of the city are willing to travel 3 hours one way to work in the city.My cousin gave up their house and live in a 20 sq m apartment.What she tells me is they get by,not looking for the material things they enjoyed before.Life is getting better than it used to be.Food is more affordable but housing is still very expensive $2,000 for a 10’x 20′ room in Osaka.Can you imagine if she was living in Tokyo?

  61. Shore Guy says:

    Millitary support, John edition:

    http://www.pcmag.com/article2/0,2817,2398754,00.asp?google_editors_picks=true

    LAS VEGAS—RealTouch wants to bring teledild0nics to Afghanistan. Company manager Scott Rinaldo, appearing at a CES party sponsored by p-ron firm Pink Visual, said he’s working on distributing “a thousand dild-0s for the military wives”—in this case, Internet-connected s-ex toys that can let families thousands of miles apart get inti-mate.

    I’m not sure if he’s being skeezy or sweet here. Let me start with the technology. RealTouch is a slightly terrifying, synthetic 0rifice that lives in a plastic tube and connects to a computer. Based on data from an Internet connection, the unit warms up, lubes up, pulses and grips any item stuck into it. On the other end of a connection, a “performer”—who could be a paid “c@m girl,” or the aforementioned military wife—hand-operates a sensor-covered rod to run the motors in the RealTouch.

    snip

  62. Brian says:

    62 – Shoreguy
    Why is it that all of the AM talkshowhosts and Fox news commentators (aka republican cheerleaders) seem to hate Huntsman so much?

  63. seif says:

    68 – he occasionally makes sense

  64. Juice Box says:

    #65 re: yo – It is prime example of wiping out the middle class, just like what is going on here.

  65. Juice Box says:

    3B – My preference is to keep a place in or near the city for commuting purposes and a place at the shore. I want a deal down the shore and a deal in NYC. Why can’t I have it all?

  66. Juice Box says:

    re # 66- You did you read the one about the 100 yen big mac? The food is cheaper not better, just try and buy fresh veggies over there it is nearly impossible and super expensive. Japan is now one big Dioso dollar store too, cheap junk everywhere. Middle class destruction is what occurred in the last 20 or so years, and their oligopoly enforced by the government Yakuza has led to their very Japanese Dystopian existence.

  67. gary says:

    Juice [71],

    You can have it all; interest rates are at record lows and it’s never been a better time to buy as housing is the most affordable it’s been in decades!! Remember, it’s different here because of our proximity to all the jobs. :o

  68. 3B says:

    #71 Juice: Sounds like a plan. Who knows you might get it all. We would have gone back to NYC, but I do not want my spouse to do the reverse commute.

  69. 3B says:

    #68 Brian: Because he was ambassador to China in the Obama administration,

  70. Shore Guy says:

    3b,

    And he is not anti-science.

    In the general election, Huntsman is the one who can beat BHO. I am not sure that any of the others can.

  71. Brian says:

    75 – 3b
    To me, it would seem to mean that might help him steal votes from people who would otherwise vote for Obama.

    I’m not looking forward to voting for president. Once again, I will feel like I’m voting for whoever s&cks the least.

  72. Juice Box says:

    re: #74 – 3B yo do remember the first housing bust up back in the early 90s housing down the shore was going for cents on the dollar. I expect once Forclosuremageddon hits full force NJ there will be plenty of inventory. There is no way people are going to keep paying for two homes that are underwater.

  73. yo says:

    Why do we look up to a President to make our lives better ,when it is Congress and the Senate that really makes the laws.No term limits.This people created this mess and same people is fixing their mess.And the neophyte in congress have an agenda.They are not career politicians.They don’y care if they get voted out as long as they pass their agenda.

  74. 3B says:

    #78 Juice: I remember it well, sorry I did not take a chance and jump in. I know people that were buying small bungalows/houses for 30 or 40k.

    I also remember 1 bed co-ops selling for 25k (all cash) in Bergen Co, peak prices at the time were 125k. Ironically I see some of those same co-ops today with asking prices of 125K!!!!

  75. NJCoast says:

    Juice- I wouldn’t call Middletown a “shore town”. You have to get in the car to get to any beach. A shore house is within walking or bike riding to the beach. And beaches that are on Raritan Bay don’t count.

  76. joyce says:

    76
    shore

    I like Ron Paul and whether he can or can’t win (the nomination or the general)

    How entertaining would it be to see ALL of the networks bashing him?
    Fox, MSNBC, CNN etc …

  77. joyce says:

    (if he was nominated and it was him against Obama)

  78. Brian says:

    78- Juice Box

    I wish I had the extra scratch to buy a place down the shore. In the late 70’s two of my uncles bought 3 houses at a sherriff’s sale in seaside park. They rented them out for most summers, and if there was a free week or two it became a family reunion. A lot of good memories. If you have the extra money, definitely go for it.

  79. joyce says:

    79
    yo

    I don’t understand. You seem to want term limits (I think that is a great idea), but then you put down people in congress who don’t care about re-election. What is that about?

    I don’t know what you think is their “agenda” (the neophytes in congress), but isn’t that what we want… individuals in congress who do not care about re-election? (well I would also want them to follow the law, their oath, and not care about pandering to the special interest lobbyists who fund their re-election campaigns because they don’t care about re-election!)

  80. Juice Box says:

    re: # 80 – 3B 169k is “my price” on a house down the shore that I looked at a few times. It has been listed and removed several times from the market beginning in 2007 @ 350k. House last sold for 169k in 2001 and that is what I am willing to pay.

    Funny thing is the owners sucked the equity dry and haven’t been paying their second HELOC I believe. Banks are currently hiding their losses on their HELOCs hidden by accounting tricks that will some day come do since none of it is securitzed as MBS and is for now hidden for now on balance sheets. About $1.1 trillion in second-home liens. 800 lb gorilla that nobody talks about anymore and estimates are will never be repaid.

    My guess is if they aren’t paying the HELOC then eventually they won’t pay the first.
    I don’t care what Bernake and Obama think these houses won’t all turn into rentals. They are going to be liquidated and I am patient.

  81. Brian says:

    I like Warren Buffet’s idea:

    “I could end the deficit in 5 minutes,” he told CNBC. “You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election.”

  82. Comrade Nom Deplume says:

    (60) shore,

    Yup.

    In other news, a law school.acquaintance called me this week about work. She is getting no work from her biglaw partners, which is typical in a downturn (partners do the work themselves because they have to meet hours too). So she is worried about the axe falling.

    Seems to me a good opportunity to take on a junior partner.

  83. NJGator says:

    Shore 62 – Just what does the Republican Party have against winning? Scary.

    A few weeks ago, I was forced to watch Fox News with my folks while visiting my mother in the rehab center. I always try to avoid talking politics with my folks because nothing good ever comes of it (my father pretty much gets all of his political news from the NY Post and Fox News). We start talking about the “Anybody But Romney” candidate that the voters seem to be looking for, and my mother pipes up saying that if Romney wins “He is going to put a superstar like Marco Rubio on the ticket to win the Hispanic vote”. Can’t but help to roll my eyes. Oy. I hope the strategy in that is simply to win Florida. What plays to the nutty right wing Cuban vote in Florida is not going to play well at all with the Hispanic voters in the Mountain West,

  84. Shore Guy says:

    “A shore house is within walking or bike riding to the beach. And beaches that are on Raritan Bay don’t count.”

    Bingo! People have extended the “Shore” moniker to include Aberdeen, by virtue of Cliffwood Beach, and a host of other places to which it just does not apply.

  85. Libtard in Union says:

    Shore Guy,

    George F. Will studied religion at Trinity College for his undergrad. Nuff said.

  86. 3B says:

    #86 Juice: If you are in no rush, than it makes perfect sense to wait. I am in agreement with you on all of your other points as well.

  87. Shore Guy says:

    “Just what does the Republican Party have against winning?”

    I have no frigg’n idea and it is really ticking me off. Satan-orium, a serious candidate? Perry, a serious candidate? Perry makes the Shrub look like a member of Mensa. As a party, we are being dominated by folks from, largely, sparsley-populated states who believe the Earth is 6,000 years old and that the Bible was handed down in English and that it is meant to be read literally. Hey, even the Catholic Church acknowledges evolution, etc.

    I find fewer and fewer people in the party’s leadership that I can respect. With any little win or incremental gain, the knuckleheads in charge always seem to overreach and claim a mandate for the most extreme views held by the far-right of the party. It is likely going to cost us another four years of Chairman O.

  88. Libtard in Union says:

    I don’t care who wins. I’m just happy that the political conversation here has improved by leaps and bounds since Qwerty left us. Ultimately, it doesn’t matter who gets elected. You will be screwed anyway.

  89. chicagofinance says:

    Juice Box says:
    January 11, 2012 at 10:50 am
    Been looking at Middletown NJ. Anyone care to comment, besides the $645 a month ferry commute? Taxes seem ok housing seems more upscale than many blue ribbon towns in Bergen @ 200 a sq ft.

    juice: the issue is which high school; Middletown North or South. Some of the best property in Middletown is zoned for Middletown North, which is unusable. As a result, you need to layer in one of the (many) private options. If there are no kids, then at least understand that it impacts resale.

  90. yo says:

    I do want term limits.The neophytes that have an agenda will not give into anything other than what they want.The country went twice to almost loosing credibility because of the stuborness of not getting to compromise.It is my way or the highway.What is the use of a President that can not pass laws or even get a compromise.

    Joyce says
    I don’t know what you think is their “agenda” (the neophytes in congress), but isn’t that what we want… individuals in congress who do not care about re-election? (well I would also want them to follow the law, their oath, and not care about pandering to the special interest lobbyists who fund their re-election campaigns because they don’t care about re-election!)

  91. gary says:

    Juice Box,

    besides the $645 a month ferry commute…

    For the love of G0d, please tell me this in not a consideration. It just confounds me how we are all being skewered at an ever-increasing rate of humiliation.

  92. Juice Box says:

    re # 97 – Gary it is $272 for the monthly ferry pass from Hoboken. Seems like a screaming deal to me.

  93. Fabius Maximus says:

    #38 Chi
    The Independent is the UK equivalent of a paper like the Chicago Tribune. I severely doubt it is the source of your issues.

  94. 3B says:

    #99 Might not be any more UK after 2014.

  95. Jill says:

    3b #42: Where was it?

  96. yo (41)-

    Dystopian future is a best-case scenario. I’m making the call of no future (apologies to Johnny Rotten).

    “World Econ Forum warns of “dystopian future”. Link to come.”

  97. JJ says:

    Ten Year UST at 1.9% – God I love QE3, Ten Year Munis are already collasping in yield to near nothing, next the invstment grade bond market.

    Wait till bond funds and pension funds have massive, full calls, partial calls and maturities over next year all rolling over into 2% yields. Pension underfundings will plummit unless stocks start to rally. The bull market in bonds will cause assets to rise in pension funds however, the secret danger is they hold to maturity and income stream over time is more important that capital gains all at once.

  98. JJ says:

    10-Year muni triple AAA rated bonds today – 1.866%

    OUCH> Even tax free that is awful. Image just one year ago I was buying 6% munis till the cows came home.

  99. 3B says:

    #01 Jill: Hillsdale.

  100. Mike says:

    JJ 104 The market needs another faker like Meridith Whitney to stir things up and open up some more buying opportunities

  101. JJ says:

    GM. Kodak and Bank of America are start stocks this week. Someone pinch me it is Night of the Living Dead.

  102. joyce says:

    96
    yo

    I am an idealist; I realize this. I assume we’re talking about the “tea party” when we mention the neophytes. That being said, I don’t agree with a lot of their agenda.
    But in the past, all compromising has done is both sides get what they want (R’s get their spending plus the D’s get theirs too). That is not a compromise.

    I would love congress people and the president to REFUSE to compromise on things like civil rights and the rule of law… I don’t think anyone can say it’s good to compromise on those.

  103. NJGator says:

    Gary 97 – The monthly NJT train ticket into NYC is $408/month or you can got to Newark/Hoboken for $291. Add on monthly PATH or NYC Subway ticket to that. Ferry is quicker.

    Now you see why Stu and I just suck it up and pay Essex County taxes. My monthly ticket from GR into NYC is only $169.

  104. NJGator says:

    Shore 93 – See. What’s a pragmatic moderate to do? Don’t like O, but there’s not exactly a compelling choice being offered from the other side of the aisle.

  105. JJ says:

    Look at know Blakeley Shea is pushing 35 but it is never to late for a Ho to make it in the business as long as she stays in shape.

    Juice Box says:
    January 11, 2012 at 2:13 pm

    HoHoHo a little a late?

  106. Bystander says:

    #35,

    Have to stump for video game Deus Ex again. Came out years ago but I swear the world is following the script (minus the cybernetic agents and pulse attacks. Perhaps we will get there too). One major war or pandemic and you can play the game to see the future.

  107. Nicholas says:

    I rent a townhome and got an inspection today from the property manager. He is a nice fellow that manages about 22 properties around the area. He and I were talking back and forth about how the new year was going and the conversation got onto renters and shaking them down for money when they don’t pay. (I’m a landlord also)

    He admitted to me that it is as bad as he has ever seen it. A full 1/3 of his renters are seriously delinquent with the rent and he is rolling in eviction notices daily. He says that he now has a lawyer on retainer because it has gotten so bad.

    That makes me want to look at the rental unit numbers with fresh eyes again. Is there some way to track late payments of rent and eviction notices for a given area?

  108. JJ says:

    lets see don’t pay your mortgage ride free for two years then you rent them a house and they don’t pay. And what is the surprise.

  109. Shore Guy says:

    “What’s a pragmatic moderate to do?”

    I have no bloody idea. I am fed up with the lack of choice right where most of the American public is, politically — the center (more like center right). it is like we have a political Likert scale where our choices are always 1, 2, 6, 7 and 3-5 do not exist.

    http://www.youtube.com/watch?v=i21QAgLAqmo

  110. Painhrtz - I ain't dead yet says:

    JJ like financing a car loan to a guy who had his last two repo’d

  111. Shore Guy says:

    Third time is the charm. The guy just needs a break. Just because he has had a few bad breaks doesn’t mean he doees not deserve a car loan. The 1%, in fact, has an obligation to help him get wheels.

  112. Painhrtz - I ain't dead yet says:

    Shore Gary Johnson, but he can’t win because he is not team red or blue.

    Sit back, grab your favorite beverage of choice and watch each party commit hari kari to the extreme wing of their respective fringe elements is great theater. Common sense and what the rest of the american public think be damned. One of my favorite antidotes is coming out of the idiots in the media 51 % of americans support gay marraige. I for one don’t give a flying f*ck but what about the other 49%. Everything has to be in sound bites and absolutes in politics, the rest of us live in the f*cking middle destined to be ignored.

  113. NJGator says:

    Shore 116 – The obvious answer is to drink…heavily.

  114. Juice Box says:

    re: #113 – Fahrenheit 451

    We’ve come quite close to what Bradbury writes about back in 1953 save the book burnings.

  115. Juice Box says:

    Shore you live in NJ you are no moderate, post # 65 applies to you.

  116. Libtard in Union says:

    I’m more excited about the absurdity of the non-partisan Montclair Town Council elections than any of these primaries. These 7 council members are unbelievably incompetent yet it appears that just about all of them are running for reelection. I absolutely can’t wait to see their faces when the one guy on the council that actually gets it manages to get reelected (incumbents are extremely rare in Montclair), while the others all get laughed at on election day.

  117. NJGator says:

    Anectdotally, the Montclair rental market is still HOT, HOT, HOT. Our new tenants are getting relocated overseas long term and asked us around Christmas about getting out of their lease.

    I was a bit concerned about listing the place in January, but in less than 48 hours, we had 3 showings and 2 lease offers from prospective tenants with 800+ credit scores. We probably could have gotten another over ask offer if we let it show for 1 or 2 more days.

  118. Painhrtz - I ain't dead yet says:

    Gator you and Stu are too nice I would have made them pay to break the lease. At least a nice bottle of Pinot and a weekend stay in their new locale

  119. NJGator says:

    Pain – As a landlord, we have an obligation to list it and try to re-rent the place to mitigate our loss. They were on the hook to pay us until we found a replacement tenant who would pay us what they were paying. Listing the place costs us nothing. Montclair is a competitive rental market and the tenants pay all the agent fees.

    Funny thing is when we met to discuss logistics of showing, availability before we listed on the GSMLS, I asked the husband to confirm that he understood what the law was. He said he did do the research and understood and then asks “Not that we would do this, but how would it work if we stopped paying you before you found someone else.”

    I looked at him and sweetly said “Well not that we would want to do this, but we would go to court, get a judgement against you, and wreck your credit. Yup. That’s how that would work.”

    Seriously. They’re nice folks. Their company would have paid if necessary. The wife was actually hoping we only found a tenant that stayed for one year so they had the potential option of coming back. And we are totally going to visit them when we take Lil Gator on his first trip to the Continent this summer.

  120. toomuchchange says:

    93 – Shore Guy

    The Republican Party is no longer a “big tent” party at all. The Democratic Party is not as much a “big tent” party as it was 20 or 30 years ago, either.

    We can’t have a two party system when so many voters feel left out of the two parties.

    I think the rise of a third party is inevitable. Depending on the nature of that third party, a fourth party may come about too. I have always cherished our two party system for the moderation and stability it’s given us for so many years. But I can see that the conditions necessary to support it are dwindling, so change is inevitable, at least for awhile.

  121. Painhrtz - I ain't dead yet says:

    Gator, I was being sarcastic by the way, Hope it is somewhere nice would hate for little Gator to get caught in a labor riot

  122. Sure would be a shame if the hot water conked out in Gator & Stu’s rental unit while those nice folks are trying to pack and get out. :)

  123. pain (128)-

    Labor riots? How about a few hundred unemployed Muslim youth running wild and setting cars on fire?

  124. SX says:

    111. I voted for O, but what is the use? Someone who cannot accomplish anything really doesn’t deserve a 2nd term.

  125. SX says:

    I’m also sick of looking at his fugly wife.

  126. Shore Guy says:

    Too much,

    The Whigs made way for the Republicans. If we need a similar change,let it be.

  127. Anon E. Moose says:

    I hate to pick a scab from yesterday, but re: PG county, MD;

    Kelly Canavan, 36, a retired Prince George’s County school teacher…

    Retired? At 36?

    BTW, the link is to a story about an Occupy protester arrested for child cruelty after leaving his baby alone in a tent. In a onesie. In 40-deg weather.

    Like I said, 99IQ. In his case, significantly lower.

  128. Did moose’s parents get arrested when they dropped him on his head?

  129. Libtard at home says:

    Now that Barbara Bush. She was a looker!

  130. Fabius Maximus says:

    #111 Gator

    Your choices are :

    Pull the handle for candidate A who you don’t really like!
    Pull the handle for candidate B who you really really don’t like, but at least they are not candidate A!
    Don’t pull the Handle.

    Two of those choices will help one of those candidates.

  131. Fabius Maximus says:

    #133 Shore

    But that’s just what you got, the moderates moved to the side to let the right take control of the party. Dick Armey and the Koch heads are well on the way to victory. Next up will be Palpatine “retires” and Bonehead is kicked off the bus.

  132. Shore Guy says:

    From that article:

    “Hall says owners don’t have to wait until Armageddon to use their condo – they can use it year-round as a permanent residence or vacation home”

    Read more: http://www.cbsnews.com/2300-18563_162-10010774-7.html#ixzz1jDP0UVQQ

  133. Don’t know whether it’s more amusing to read Gluteus’ constant cheering for the bankster lackey currently running the executive branch into the ground or his post from last night, implying that Iniesta and Messi experience nightmares over being marked by Laurent Koscielny.

  134. Can only wish that Barca face the Wankers again this year…with the only player the Wankers had last year who consistently created goalscoring chances now playing for Barca.

    Mes que un club, Gluteus.

  135. If I recall, the second leg of that tie last year didn’t work out so well for the Wankers.

  136. Mocha says:

    Shore 141

    Which end is the “penthouse” on?

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