September Existing Home Sales

From Bloomberg:

Treasuries Rise on Speculation Existing Home Sales Fell

Treasuries rose for the first time in five days before an industry report that economists said will show sales of existing homes fell in September, highlighting an uneven rebound in the U.S. housing market.

U.S. existing home sales dropped 1.7 percent in September from the previous month, according to the median forecast of 78 economists surveyed by Bloomberg News before the National Association of Realtors reports the figure at 10 a.m. in New York. They rose 7.8 percent in August. Housing starts climbed 15 percent in September from August to a four-year high, government data showed Oct. 17.

From CNBC:

Ahead of the Bell: September US Home Sales

Sales of previously occupied U.S. homes likely slipped last month from a two-year high reached in August, the latest sign that the recovery in housing is slow and uneven.

Economists forecast that sales dropped 1.7 percent in September to a seasonally adjusted annual rate of 4.74 million units, according to a survey by FactSet. The National Association of Realtors will release the report at 10 a.m. Eastern time Friday.

In August, sales of previously occupied homes jumped 7.8 percent to 4.82 million, the highest since May 2010, when sales were aided by a federal home-buying tax credit.

But the number of contracts signed to buy homes fell that month, the Realtors’ group said. Decreases in signed contracts are usually followed by lower sales one or two months later.

Existing home sales have also been held back by a low supply of homes available for sale. There were 2.47 million homes available in August. It would take just over six months to exhaust that supply at the current sales pace. That’s the typical pace in a healthy market.

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96 Responses to September Existing Home Sales

  1. grim says:

    Happy Anniversary!

    Big hat tip to Barry for posting this one, loved watching Wall Street Week as a kid:

    http://www.ritholtz.com/blog/2012/10/after-the-crash-louis-rukeyser-wall-street-week-oct-23-1987/

    Great videos, take a look if you haven’t seen them yet.

  2. Confused in NJ says:

    Rainy Day! 2 inches so far.

  3. Mike says:

    Good Morning New Jersey

  4. Grim says:

    1 – just listened to them on the morning drive. Awesome, 25 years ago and the discussion is still current.

  5. 3B Buying says:

    grim: Congratulations on the birth of your daughter!

  6. Fast Eddie says:

    Existing home sales have also been held back by a low supply of homes available for sale.

    When you’re chained to the wall and deeply underwater, there’s two options: continue killing yourself by paying for a depreciating asset or simply walk away. Listing the house for sale is not an option.

  7. Outofstater says:

    Congratulations, Grim! There is nothing like holding your baby in your arms for the first time!

  8. grim says:

    Hmm, turns out the best agents are the worst agents.. From the WSJ:

    A Few Home-Selling Tips From Machiavelli

    Real-estate agents, take note: It’s better to be feared than loved.

    Research led by a professor at Morgan State University has found that brokers who score high in Machiavellian personality tests sell more real estate than their kinder, gentler colleagues.

    Abdul Aziz, associate professor of management at the Baltimore school, and Jim Meeks, a senior at the time at the College of Charleston, devised a “Mach-B scale” to measure Machiavellian behavior in people across various occupations. The personality test looks for traits described in the writings of Niccolò Machiavelli, a 15th-century Italian diplomat. A Machiavellian person, Prof. Aziz explains, is emotionally detached, prone to deceive and believes that the end justifies the means, even if it is not morally right. “Machiavelli believed in using dirty tricks in order to succeed,” says Harvey Mansfield, professor of government at Harvard University and author of numerous books on Machiavelli.

    “The key word in Machiavellian is manipulation,” Prof. Aziz says. “It’s a dirty word, but in our average daily life, we always manipulate information.” Machiavellian people are very good in business situations and are astute at reading others, Mr. Aziz says. “They need to understand the needs of other people and gain their trust,” he says.

    Real-estate agents who exhibited more Machiavellian traits tended to see higher sales, meaning Machiavellian behavior and performance were found to be highly correlated. Automobile salespeople and stockbrokers with higher Mach-B scores also saw increased performance.

    “In general, anyone in real estate is likely to be dependent on repeat business. If you take a Machiavellian approach, then that would hurt your long-run prospects.”

  9. grim says:

    It’ll be good to get her home. She had to go up to the NICU the first night, but they transfered her to the intermediate nursery late last night. Hopefully they discharge her in the next few days!

  10. grim says:

    From the APP:

    Dwek gets six years in prison, $22.8 million restitution

    The history of Solomon Dwek is, in the words of U.S. Attorney Mark McCarren, “almost schizophrenic.”

    The failed real estate mogul turned government witness helped convict 38 people of crimes ranging from political corruption to money laundering to selling black market kidneys. His efforts made him “the most significant cooperator’’ the U.S. Attorney’s Office in New Jersey has had in the last 10 years, McCarren said.

    But Dwek also is an admitted criminal who once testified he’d never owned a legitimate business. He’s a man who pleaded guilty to $50 million in bank fraud charges and testified that his own uncle was among the victims of his many scams.

    U.S. District Judge Jose L. Linares considered both facets of Dwek’s life Thursday before sentencing him to six years in federal prison. Dwek, who pleaded guilty to trying to defraud PNC Bank of $50 million in October 2009, could have faced up to 11 years in prison.

  11. yome says:

    In the first six months of 2012, the growth rate of the economy, excluding gains in housing, was about 1.35 percent. If everything else — consumer spending, business investment, exports and government spending — continued growing at the same pace it has in 2012, the gain in housing then would put overall growth in the coming year at about 3.25 percent.

    That may not be the kind of gaudy 6 or 7 percent growth witnessed in the aftermath of the 1981 recession, but it would be enough to finally put people back to work in a meaningful way.

    And it would be a big improvement from the three years of sluggish, halting growth that have been seen since the current recovery technically began in summer 2009.

    That would mean an additional $262 billion in economic activity, which, if recent relationships between dollars of residential investment and housing starts hold up, would translate into an additional 517,000 homes being built every year — meaning that the 872,000 annual rate of housing starts that the Census reported Wednesday would rise by a cumulative 59 percent in the coming 12 months.

    While all this may seem like an naively sunny scenario — and it would be great news for the economy if it materializes — keep in mind that it is hardly presenting an outlandish sort of boom for housing.

    Rather, this is what would happen if housing returns to its average role in the economy of the pre-bubble 1990s and did so in the coming 12 months.

    http://www.washingtonpost.com/business/economy/what-a-housing-recovery-will-look-like/2012/10/17/6362656c-185d-11e2-8bfd-12e2ee90dcf2_story.html

  12. 1993 House Buyer says:

    Congrats Grim!

  13. JJ's B.S says:

    Happy 25!!!! The crash was pretty amazing. I was a supervisor in the Securities Lending Department and the term Mark to Market still gives me the willies.

    Boss lost 75% of his 401K/Def Comp/Restricted Stock that day and just stood at the Bunker Ramo or Quotron Machine (forget which) with a bottle of vodka and watched his life savings disappear.

    Good times. Lots of fights, lay-offs. I love the smell of Armageddon in the morning.

    Remember, stocks were fearful of rising interest rates, shaky market, rising unemployment and we had a muni bond market scare a little earlier. Sounds familiar.

    But remember if you bought Mcdonalds or P&G on October 20 1987 you would be up 800%. Fear=Opportunity.

  14. JJ's B.S says:

    BTW Schiller thinks we have another 20% to go down in Housing, believes there is a ton of shadow inventory banks are hiding, global recession is coming and interest rates on the 10 year will be 1%.

    So hold on as Jackson Browne says. Next year homes will be 20% cheaper and you can get a 1.5% mortgage.

  15. NJCoast says:

    #1happy Anniversary

    I remember that day like it was yesterday. It was the second year of our $2 broker business on the NY options exchange and we were just starting to think all our hard work and sacrifice establishing our business was going to pay off. Four and five year old daughters were in school, life was going to start to get easier than -BAM! Husband came home ashen faced like he just returned from a major battle, rambling about how he had so many tickets in his hand it was like holding several decks of cards. We just stared at each other wondering if this was the end of our lives as we knew it. Total fear.

    Grim the faster you get your daughter out of the hospital the better. Hospitals are for sick people, that’s why I opted to not have my kids at one, which in the early ’80’s was unheard of. Was up and back in the field 8 hours after birth.

  16. 3B Buying says:

    #13 JJ Ah the old Quotron machines!!! Brings back memories!!! People were selling everything, I remember the day clearly!!! Even Muni VRDN’s were being dumped!! But we toughed it out!!

  17. JJ's B.S says:

    Cats, Tigers and even Jew bonds too.

    3B Buying says:
    October 19, 2012 at 9:58 am

    #13 JJ Ah the old Quotron machines!!! Brings back memories!!! People were selling everything, I remember the day clearly!!! Even Muni VRDN’s were being dumped!! But we toughed it out!!

  18. JJ's B.S says:

    my babies were born talking with full sets of teeth and discussed various trading strategies with the staff while their umbilical cords were being cut

  19. grim says:

    From Bloomberg:

    Existing U.S. Home Sales Decline as Supply Drops

    Sales of previously owned U.S. homes held near a two-year high in September, restrained by a lack of supply that is pushing prices higher.

    Purchases of existing houses, tabulated when a contract closes, decreased 1.7 percent to a 4.75 million annual rate, matching the median forecast of economists surveyed by Bloomberg, figures from the National Association of Realtors showed today in Washington. The median prices from a year earlier jumped by the most since 2005 as inventories dwindled.

    The median forecast of 78 economists surveyed by Bloomberg called for a drop to a 4.75 million rate. Estimates ranged from 4.53 million to 4.9 million. The prior month’s pace was revised to 4.83 million from a previously reported 4.82 million.

    The median price of an existing home climbed 11.3 percent from September 2011 to $183,900, today’s report showed.

    Compared with a year earlier, purchases increased 11 percent.

    The number of previously owned homes on the market dropped 3.3 percent to 2.32 million. At the current sales pace, it would take 5.9 months to sell those houses compared with 6 months at the end of August. The months’ supply was the lowest since March 2006.

  20. grim says:

    More good stuff from Floyd Norris at the NYT:

    A Computer Lesson Still Unlearned

  21. Statler Waldorf says:

    Your outlook on investing, family, and housing, appears based on the notion that people live forever.

    “Boss lost 75% of his 401K/Def Comp/Restricted Stock that day and just stood at the Bunker Ramo or Quotron Machine (forget which) with a bottle of vodka and watched his life savings disappear. … But remember if you bought Mcdonalds or P&G on October 20 1987 you would be up 800%. Fear=Opportunity.”

  22. JJ's B.S says:

    I plan on living forever, so far so good.

    Statler Waldorf says:
    October 19, 2012 at 11:49 am

    Your outlook on investing, family, and housing, appears based on the notion that people live forever.

    “Boss lost 75% of his 401K/Def Comp/Restricted Stock that day and just stood at the Bunker Ramo or Quotron Machine (forget which) with a bottle of vodka and watched his life savings disappear. … But remember if you bought Mcdonalds or P&G on October 20 1987 you would be up 800%. Fear=Opportunity.”

  23. Essex says:

    23. Well played sir. Well played.

  24. Juice Box says:

    re: #21 – Grim back to Open Outcry?

    Today is the last day of open-outcry trading in the Intercontinental Exchange (ICE)-owned pits in lower Manhattan where commodities such as cotton, coffee, cocoa, sugar and orange juice are traded, the Wall Street Journal’s Leslie Josephs reports.

    http://online.wsj.com/article/SB10000872396390444592704578064691770211654.html?mod=wsj_share_tweet

  25. Juice Box says:

    Another thing about electronic trading. The Gov and Military are actually very worried about interruptions in electronic communications, and have stated so in the Media very recently. There was an incident recently at a co-location facility that few are talking about in the press.

    One of the main failures back in 1987 was you could not even get your broker on the phone to sell. Imagine what happens when you cannot hit the sell button because the networks are down? I gather they have allot of faith in the markets circuit breakers.

  26. raging bull jj says:

    Remember in 1987 we had a huge branch network. EF Hutton, Merril Lynch branches were in every town.

    I recall at the time customers of Schwab and Quick and Reilly got screwed big time. Selling was all day but it really picked up steam after lunch around two pm to four pm it was in free fall. Schwab and Quick and Reilly was phone based and all you got was busy signals. You did not have a personal Rep. Very few branches and even if you got to one it was just wait in line.

    Merril and Hutton brokers called their personal brokers or ran to branch office and many sold pre-lunch and got back in the next morning.

    Fidelity and etrade has same issue today. In event of a cyber attack meltdown good look trying to go on line to sell stock or getting through a VRU.

    Juice Box says:
    October 19, 2012 at 12:44 pm
    Another thing about electronic trading. The Gov and Military are actually very worried about interruptions in electronic communications, and have stated so in the Media very recently. There was an incident recently at a co-location facility that few are talking about in the press.

    One of the main failures back in 1987 was you could not even get your broker on the phone to sell. Imagine what happens when you cannot hit the sell button because the networks are down? I gather they have allot of faith in the markets circuit breakers.

  27. brooklyn_hawk says:

    Detroit putting 19,000 properties into foreclosure auction today…

    Auction runs through 10/26…

    http://whydontweownthis.com/#11/42.3580/-83.0923

  28. The Original NJ ExPat says:

    I remember Black Monday vividly, I got fired that day. I had just finished my first full season of SCCA auto racing, had just gotten back from the National Championships at Road Atlanta where I finished 13th in my class, not bad for a rookie and I was the highest finisher on BF Goodrich tires which was one of my sponsors (they actually sent me a $1000 check a month or two later as a contingency prize, that thrilled me). Anyway, I’m all dressed for my programming job at Ticketron in Hackensack, but I’m sitting in my living room in Wayne totally depressed that I have no more racing to look forward to until Spring. I still hadn’t left home when the market opened and I’m watching FNN I guess and I watch the beginning of the sell-off for about the first whole hour of trading. I’m 27 with a couple grand in an IRA, so I’m more entertained than anything else. Anyway, I finally get up and cruise into work around 10:30 or 11. When I get to my office I see a sealed letter waiting for me on top of my keyboard. I was instantly excited because I knew what it was, I was getting fired for taking my two weeks vacation without finishing my project work. No way was I going to miss Road Atlanta. I started going around to everyone I knew and was shaking their hands with a smile. I couldn’t wait to get down to unemployment and file for my free money. As I walked out of the building and drove back home to watch the rest of the market crash, it occurred to me how depressed I was about the prospect of returning to work and how elated I was now that somebody else had made the decision that I don’t need to go there anymore. Why didn’t I just make the decision to quit if I hated it that much? Watershed moment.

  29. JJ's B.S says:

    An investor who sells $100 of stock with a cost basis of $20 in 2012 would see proceeds — after capital gains taxes — of $88, Next year, if Congress doesn’t act, earnings from the sale would drop to $80.96 if rates rise to 23.8 percent. That means the stock price would need to rise at least 9 percent for an investor to be better off selling in 2013,

  30. JJ's B.S says:

    After a September surge that saw junk bonds shave half a percentage point off their all-time record low yield in less than two weeks, junk bonds pulled back in October. They’re firmly back in rally mode this week and have set a new record low yield, slipping below 6.2% (the previous record low) for the first time ever to 6.189%, according to the Bank of America Merrill Lynch High Yield Master II Index.

  31. The Original NJ ExPat says:

    For the dog that has everything, Concierge Services:

    http://www.cnbc.com/id/49462581

  32. Juice Box says:

    Expat – this Pet Resort is the second location by me right on the border of Hoboken. They have a large pool and swimming lessons for dogs.

    http://jerseycityunleashed.com/

  33. Essex says:

    1987 is a little hazy for me. Something about a rugby football club and enough hours to graduate. I owned a motorcycle then. No real market position.

  34. 1987 Condo Buyer says:

    I returned to my original handle, duh, bought in August……woops…..

  35. The Original NJ ExPat says:

    [37] I bought a condo in 1987 too, closed one week after Black Monday and one week after losing my job. I think the starting rate on my 1 year ARM was 9.25%

  36. JJ's B.S says:

    I do recall outside of the crash how much more fun it was back then. We worked ten times harder. But my department had 300 people in it and we only had like 4 women and I would say ten guys over 30. Most of department was between 18-24. We could smoke at work. Drinking was not allowed during work hours, but nothing wrong with a few cold ones at work on a Saturday. Cursing highly encouraged. I recall the softball team got changed at their desks right out in open. Pay was very low hours very long. But opportunities were limitless. Two years out of college, I had a staff of four. Heck at one point I got shoved into the Data Entry area for a few weeks when I was 22 supervising that area as part of my rotation and was supervising 40. 300 people in my group, one xerox machine, two quotrons, four typewriters and we did a ton of work. We did not even have our own private phone lines. My area phone rang and it had to be picked up. Lights flashing like crazy, journal entries, physical securities, bear bonds, lots of yelling. I recall we hired a girl and my boss gave an HR speech we could use the F word but now that we got a lady no more C word. Pretty much by 29 you were a VP with 50-60 people working for you and you were battled tested. Today I see 29 year old males rotting in cubes pushing buttons on a PC with no staff. Not there fault. Really when you automate everything and require a college degree to start there is no one for them to supervise. It makes leadership hard for these kids to magically get when they get promoted. It was pretty horrible work/life pay etc. back then. But at same time aspects such as wall street is crashing all around us we are in full triage mode, my boss is dead drunk and lost life savings company is on verge of bankruptcy I had my little group of four staff turning to their leader two years out of college. Back then those were great opportunities.

    Essex says:
    October 19, 2012 at 3:38 pm

    1987 is a little hazy for me. Something about a rugby football club and enough hours to graduate. I owned a motorcycle then. No real market position.

  37. The Original NJ ExPat says:

    [39] JJ – Yep, that was my work environment from ’84 to early ’87. After taking 6 months off, my 2nd job, the one I lost 25 years ago was a snooze. It seemed like all the guys were married and settling down except me. The young married guys seemed the saddest of the lot. I never spent any time outside of work with people from my job in Spring, Summer, Fall of ’87. I was at a different race track somewhere in the Northeast at least two out of every 3 weekends and the parties at the tracks or at the hotels were fantastic. About this time 25 years ago I realized that I spent the summer pretty much driving all night and all day just so I could driver all day and then drive all night again to get home. I realized back then that the saying, “Time flies when you’re having fun.” is pure BS. Time slows down when you’re having fun. Time slows down when you have exciting places to be and you’re packing your life full of great memories. Time flies when your life sucks. If your life is flying by, you’re probably wasting it.

    I do recall outside of the crash how much more fun it was back then. We worked ten times harder.

  38. Comrade Nom Deplume in PA says:

    I drove to DC this morning and on GPS, I noticed that I was passing Pusey Mill Road.

    My first thought was of JJ.

  39. The Original NJ ExPat says:

    [41] That would be a cool address to have. “Yeah, I have a nice spread down on Pusey Mill Road. I think I need my gardener to come back and give the lawn one more trim this year.”

    I drove to DC this morning and on GPS, I noticed that I was passing Pusey Mill Road.

  40. Essex says:

    Enjoy the weekend folks! Grim, daughters are the best. Mazel Tov.

  41. chicagofinance says:

    Thank you Urban Dictionary…..

    D.I.N.K.E.R.
    Dual-Income No Kids Eternally Renting.

    A couple who, despite having no kids to suck their dual-income dry, still cannot afford a house.

    In these hard economic times with housing prices in the heart of cities like NYC, S.F. and L.A. still grossly inflated, someone you envy as a D.I.N.K. is probably more accurately a D.I.N.K.E.R.

  42. Fabius Maximus says:

    Congrats to the grims.
    Feel free to ignore everyones advice and go with your gut.

    Everytime I hear about a new father, I think of George.
    http://www.youtube.com/watch?v=KJBZDrUEYYo

  43. Fast Eddie says:

    Good Morning! I think. lol

  44. Fast Eddie says:

    This one has been for sale forever. We saw it a few months ago. No yard… just a dive off the back deck to the wooded abyss below. The drop is so far, they can film an Indiana Jones movie. Nothing appealing here at all:

    http://www.trulia.com/property/3083429055-808-Arcadia-Pl-River-Vale-NJ-07675

  45. Fast Eddie says:

    The houses listed right now are simply the unwanted, red-headed step children. Everything is either trash, awkward locations and obscure layouts. Usually it’s 2 of 3. I have become a professional house walker. The search is now reaching into Norwood/Northvale/Closter and Demarest. There’s absolutely nothing worthwhile to place bids. My contract technically expires Monday with an option to extend 120 days or kill by either me or the buyers. They’ll probably want to extend but I wouldn’t be the least bit surprised if they kill it. Then again, I just may wake up Monday morning and say forget it as well.

  46. Ernest Money says:

    Behold, the advent of Thanatos. It’s all rotting from the inside out.

  47. Fast Eddie says:

    Oh, and by the way, my wife, who is not nearly as politically “involved” as a lot of us here said Romney is charasmatic, confident, well-spoken and very Reaganesque. She said you can see his experience by the way he carries himself. She said he just looks like what a President should be. She said Oblama always appears to be stumbling and reaching for terms and words. She keeps asking me why he’s gonna get re-elected? Why is this even close? I tell her if she wants an explanation, ask the people who are giving him four more years.

  48. Fast Eddie says:

    Meat,

    I’m beginning to believe you.

  49. Fast Eddie says:

    Cavernous to heat and cool, a PSE&G dream home. 17K plus in taxes and honestly, I don’t even think it has central air:

    http://www.trulia.com/property/3093764316-5-Surrey-Ln-Allendale-NJ-07401

  50. Fast Eddie says:

    The extremes: either 469K or 769K, nothing worthwhile in between. No pictures and no details on this one which means they’re hoping you’ll bypass the myriad of issues surrounding this eyesore hoping to hook a weary house hunter:

    http://www.trulia.com/property/1042041996-83-W-Maple-Ave-Allendale-NJ-07401

  51. Fast Eddie says:

    14K in taxes and on a main street. Let’s all laugh as they ride the market down:

    http://www.trulia.com/property/3089438673-375-Brookside-Ave-Allendale-NJ-07401

  52. Fast Eddie says:

    Vaulted ceilings coupled with architectual disaster equals a horror show:

    http://www.trulia.com/property/3089373093-97-Elbrook-Dr-Allendale-NJ-07401

  53. Fast Eddie says:

    $690,000 and 17K in taxes for a townhouse… a townhouse… a townhouse. Did I mention this was a townhouse? All for the pleasure of experiencing the rancid odor of my immigrant neighbors cooking permeating through the cheap walls:

    http://www.trulia.com/property/3064624699-15-Fox-Run-Rd-Allendale-NJ-07401

  54. Phoenix says:

    ‘James Bond Gang’— a group of between 30 and 50 burglars — has stepped up its presence. Towns which have experienced these types of burglaries recently include Boonton Township, Chatham, Chester, Hanover, Harding, Kinnelon, Long Hill, Mendham, Montville, Morris Township, Parsippany and Randolph.

    Fast Eddie is right. Lock and load. Prepare your version of the “NomPound” tm

  55. Fabius Maximus says:

    I’ve been calling this for years. The biggest embarassment is not that the GOP swung so far right, but the stunning silence from the moderates.
    http://mobile.politico.com/story.cfm?id=82563&cat=topnews

  56. chicagofinance says:

    Gary: for you…..very good
    http://www.youtube.com/watch?v=HJrDz99rURA

  57. Fast Eddie says:

    ChiFi,

    I saw it live. He killed it!! And people are emailing it left and right. We keep hearing how the “other” guy is such a great speaker and then we see how articulate this guy is and wonder how the f*ck people can give the Mope four more years. From the horrible economy to the Benghazi cover-up, it makes you wonder. And what really made it funny was that each one of those punch lines Romney said was slathered in truth.

  58. Comrade Nom Deplume in PA says:

    nutty morning in the Deplume Nompound. Girls bouncing off the walls. To calm things down, I loaded up the CD player: Spiro Gyra and Faith Hill for the missus, and Buffett and Brubeck for me.

    Coffee helps too.

    Ah, they’re gone. Peace and quiet, and able to finish a few things.

    Cobbler, I haven’t forgotten our debate but family and clients come first.

  59. Fast Eddie says:

    Nom,

    Warren Buffett is a recording artist? ;)

  60. Phoenix says:

    Not going to be enough money in the kitty to go around. Poor saps with bad backs from working hard now sick or dead from contaminated meds. If this happened to a family member of mine I would be on a payback mission for as long as it took.

    http://www.boston.com/business/technology/2012/10/19/new-england-compounding-center-likely-file-bankruptcy-stop-flood-lawsuits/PuUIIvr1CVFy7nubfbTbwO/story.html

  61. Comrade Nom Deplume in PA says:

    [63] eddie,

    Yup. Love his greatest hits album.

    In other news, here’s one way to get the Canadian nompound started cheap.
    http://gma.yahoo.com/blogs/abc-blogs/canadian-town-sells-10-plots-land-120453364–abc-news-topstories.html

  62. Comrade Nom Deplume in PA says:

    [64] phoenix,

    Likely? Hell, that has been likely for nearly a month.

    Mass. may have charged some people I think, and I would not be surprised if the feds get involved and charge someone simply to keep people and assets from vanishing across our borders in the night.

  63. Fast Eddie says:

    You can lead a 5 year old to a plate of spinach but you can’t force him to eat:

    http://autos.yahoo.com/blogs/motoramic/workers-chevy-volt-battery-plant-built-federal-money-182043143.html

  64. grim says:

    Brubeck and Faith? Even I can’t come up with a mix tape that schizophrenic.

  65. hoodafa says:

    Congrats Grim!

  66. DuckVader says:

    Guys OT post, but it looks like a nice week ahead with fall colors peaking. Is there a good place in northern/central NJ for kid friendly hiking. I have a 4 year old that can probably tolerate a couple of miles with frequent stops. thanks in advance for any help….

  67. Fast Eddie says:

    Ohio shed 12,800 jobs last month, the second most in the nation. But its unemployment rate declined.

    That suggests that at least some of the drop in Ohio’s unemployment rate stemmed from people giving up on their job searches and dropping out of the work force. People are only counted as unemployed when they are actively looking for work.

    Tick… tick… tick… tick…

  68. chicagofinance says:

    Was there single punchline that failed to be hysterical and wasn’t delivered perfectly? I was 8 minutes of gut busting and knife turning…..I can’t even tell you the best line…..Bill Clinton? John Paul II? The Press? Joe Biden? Leading from behind?

    Fast Eddie says:
    October 20, 2012 at 10:49 am
    ChiFi, I saw it live. He killed it!! And people are emailing it left and right. We keep hearing how the “other” guy is such a great speaker and then we see how articulate this guy is and wonder how the f*ck people can give the Mope four more years. From the horrible economy to the Benghazi cover-up, it makes you wonder. And what really made it funny was that each one of those punch lines Romney said was slathered in truth.

  69. Fabius Maximus says:

    #73 Chi

    The Alfred E Smith is one of part of the election process that I really look forward too. This year I would give Mitt a 6 and O a 7 based on the “you didn’t build that!”.
    Mitts “the rock of St Peter” was embarrassing against O with “the house that Ruth built”.
    The 2004 race had better comebacks. O came in with “I can see the Russian Tea Rooms from here!” to McCain’s “I can do Maverick, I can’t do Messiah!”

  70. Ernest Money says:

    duck (71)-

    Camden.

    “Is there a good place in northern/central NJ for kid friendly hiking. I have a 4 year old that can probably tolerate a couple of miles with frequent stops. thanks in advance for any help….”

  71. cobbler says:

    nom[62]
    I am leaving for an undisclosed location for 2 weeks, with very limited browsing/posting privileges – so the exchange has to wait… OTOH, if your guy wins, this discussion gets even more theoretical – we are turning into Columbia, not Denmark.

  72. chicagofinance says:

    Romney roasted Obama……Obama roasted himself……narcissistic prick! He always talks about himself…..to be clear, Romney was laugh out loud funny; Obama was amusing….Obama couldn’t roast Romney, because his campaign has been saying nasty tone deaf crap for the bulk of 2012. How can you make a joke of something that has stated in earnest at all other times?

    Fabius Maximus says:
    October 20, 2012 at 9:41 pm
    #73 Chi

    The Alfred E Smith is one of part of the election process that I really look forward too. This year I would give Mitt a 6 and O a 7 based on the “you didn’t build that!”.
    Mitts “the rock of St Peter” was embarrassing against O with “the house that Ruth built”.
    The 2004 race had better comebacks. O came in with “I can see the Russian Tea Rooms from here!” to McCain’s “I can do Maverick, I can’t do Messiah!”

  73. Comrade Nom Deplume on Amtrak says:

    [79] cobbler,

    We are turning into Columbia regardless.

  74. The Original NJ ExPat says:

    chifi – Yes and yes. That was exactly my take.

    Romney roasted Obama……Obama roasted himself……narcissistic prick! He always talks about himself…..to be clear, Romney was laugh out loud funny;

  75. silver price says:

    Statewide, sales of existing single-family homes totaled 15,643 in September, down 16.7 percent from August but up 2 percent over the year, Florida Realtors reported. The median closing price was $145,000, down 1.4 percent from August but up 7.4 percent from a year ago.

  76. Ernest Money says:

    It is laugh out loud funny that so many people think it’s important who gets elected president.

    We are becoming Colombia. All we need is for our version of the Escobars to appear.

  77. Ernest Money says:

    Is Kirstie Alley fat or skinny these days?

    These are the important questions.

  78. Ernest Money says:

    Jamie Dimon = Pablo Escobar

  79. Ben says:

    I get the feeling that anyone that is elected just gets told, listen, the pentagon operates how they want, the irs operates how they want and the federal reserve operates how they want. You can pass all the legislation you want, so long as you leave these three things alone.

  80. Ernest Money says:

    Ben (85)-

    Also, Wall St and banksters get a free pass.

    Eat my bread; do my will.

  81. chicagofinance says:

    I don’t care who gets elected President. I just want O-man out of there…..the rest is gravy……

    Ernest Money says:
    October 21, 2012 at 3:03 pm
    It is laugh out loud funny that so many people think it’s important who gets elected president.

  82. joyce says:

    Chicagofinance,

    If someone other than Romney gets elected and he’s worse, that’s OK with you?

  83. Fabius Maximus says:

    #87 Chi

    I suppose you will get you wish on Cuomos Innaguratuion in 2017.

    GOP 2020

  84. chicagofinance says:

    I have consistently voted Democrat for POTUS. It should speak volumes that I am willing to cross the divide to kick this chronic underachiever to the curb. At the end of the day, he is just so less accomplished and substantial than he seems.

    joyce says:
    October 21, 2012 at 8:05 pm
    Chicagofinance,
    If someone other than Romney gets elected and he’s worse, that’s OK with you?

  85. chicagofinance says:

    I’ll vote Hillary unless we get 4 more years of O-lousy….

    Fabius Maximus says:
    October 21, 2012 at 8:33 pm
    #87 Chi
    I suppose you will get you wish on Cuomos Innaguratuion in 2017.
    GOP 2020

  86. Comrade Nom Deplume in PA says:

    Washington on Friday, Philadelphia on Sat., New York City today, and just back home a little while ago. I am frigging beat.

    But on the plus side, Dirty Sanchez makes my day.

  87. chicagofinance says:

    Why can’t this be Monday working hours…..?

    For JJ:

    Sustainable vibes
    Alicia Silverstone is so eco-conscious, she’s endorsed an environmentally friendly v!brator. The actress picked up an eco-friendly self-pleasure product on OpenSky.com, we’re told. The Leaf V!brator is “inspired by nature, and with a wide range of shapes that are sure to please.” It’s also chemical-free, uses rechargeable batteries and comes in recycled packaging. Perhaps the toy is a prop for Silverstone’s new project — a Broadway play, “The Performers,” about the adult film industry.

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  89. WASHINGTON – U.S. sales of previously occupied homes fell in September after hitting a two-year high in August, in part because there were fewer homes available for sale.

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