Will the lazy scapegoats save the country?

From the Atlantic:

Could Twentysomethings Become the Heroes of the Recovery?

Young people are the lazy, smelly scapegoat of the recession. They’re not working, they’re living at home, they’re constantly complaining about their debt, they’re not buying cars or houses, and they’re not even having babies.

But there is an outside chance that The Twentysomething, the media’s favorite economic whipping boy, is poised to become the hero of the recovery, and it all comes down to two words. Household formation.

In the last four years, millions of young people who otherwise would be starting families and independent lives have waited out the recession in the cozy bunker of their parents’ basement. One in three twentysomethings reported moving back in with their parents for an extended period of time, according to a 2011 Pew report. Some went back to school. Some worked. Some did nothing.

Whatever they were doing, they weren’t moving out or starting new “households.” Technically speaking, a “household” is any group of people living together: six roommates, a young couple, a family with kids, anything. By delaying their adulthood, these basement-dwellers were, through no fault of their own, holding back the economy by holding back household formation. But economists are increasingly confident that this generation is ready to migrate into the real economy.

Wherever they move, they’ll make an impact. If they move into apartments, they’ll bid up rent prices (making owning a home relatively more attractive) and encourage the construction of more apartment buildings. If they buy homes, all the better: the entire real estate super-industry will get a boost. New households are more likely to buy cars and appliances. They’re more likely to buy cable TV packages. And they’re more likely to have kids.

Maybe this all sounds a bit like I’m rehearsing the game of “Life” for you, but in fact these details are crucial to economic growth. Independent adults make the economy grow. The longer Millennials delayed independent adulthood, the further we’d be from a full recovery. Just look at the correlation between household formation and housing starts (via Business Insider). If you want a housing recovery, folks, you need households.

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101 Responses to Will the lazy scapegoats save the country?

  1. JJ's B.S says:

    first baby

  2. grim says:

    From the NY Daily News:


    Alicia Keys buys Eddie Murphy’s $12 million New Jersey estate, complete with bowling alley and indoor pool

    Alicia Keys has found a promised land for her new baby Egypt in Englewood, N.J.

    The Daily News has learned that the 15-time Grammy winner, her producer husband Swizz Beatz, and little Egypt are in contract to buy Eddie Murphy’s estate in the tony town for a price of around $12 million.

    “The closing has been delayed for months but they’re almost there,” said a local real estate source close to the deal who wished to remain anonymous. “When she closes, she’ll buy the two-acre lot behind the house, too.”

    Named Bubble Hill, the five-acre brick mansion was put on the market seven years ago for $30 million. It has a bowling alley, indoor pool, marble fireplaces, and private recording studio.

  3. JJ's B.S says:

    big deal I can afford Eddie Murphys old house in Roosvelt ny

  4. Fast Eddie says:

    Young people are the lazy, smelly scapegoat of the recession. They’re not working, they’re living at home, they’re constantly complaining about their debt, they’re not buying cars or houses, and they’re not even having babies.

    Mommy, can I have a grilled cheese sandwich? LOL!

  5. Brian says:

    Old people have complained about young people since the dawn of time. If you find yourself criticizing young people because of the way they live their lives, look in a mirror. Congratulations, you have officially become an old fart.

  6. Brian says:

    Oh man. Couldn’t have timed my post any better. Right after Gary’s. Nice.

  7. 1987 condo buyer says:

    #3…..gas at $3.39 here

  8. Phoenix says:

    Brian, you nailed it. These older people are looking at their future a** wipers and Social Security/ Medicaid -Medicare cash cows. They created this mess. If they are worried or don’t like it a mirror would be a good place to start looking for the blame. You reap what you sow.

  9. Phoenix says:

    Marketing- a career/subject designed to separate fools from their money.

  10. Essex says:

    Young people are just smaller versions of old people without the mileage.

  11. JJ's B.S says:

    Young people have always been lazy and useless. What suprises me is how boring they are now. I have staff in their 20s who read, have hobbies, eat healthy, own property, drive conservative cars, meet friends for dinner, rarely go to night clubs or bars, go on vacations to visit family or go sightseeing, or even adventure vacations, biking sking, etc.

    I just dont get it. 25 years ago could you imagine going to dinner with just your guy friends. Going to the east end to go bike riding, heck one guy told me the weather was nice so he went hiking with a buddy. Crazier I hear I re did bathroom or kitchens.

    They should be going to spring break in Cancun, hitting the singles bars and clubs, getting a shore or ski house, hooking up, partying. Instead they look at cast of jersey shore like martians and watch the cooking channel and home network. I am shocked also at the boring dates. Guy in plaid shirt driving four door white honda accord takes girl to starbucks then they talk for hours on a saturday night while each checks their apple phone and the girl is not even made up, just dressed boring. The then go back to cookie cutter apt and maybe do it, big deal.

    OMG slice my wrists. They are living the lives of 80 year old couples. I really really really miss there are no young people left. When I first got married young people were still young people. My staff would come in hung over, sunburnt in summer, tell me stories, organize happy hours which of course as boss I would go to and have a great time. Todays staff, and really only last ten years are horrible boring people. Heck one girl takes and art class and yoga and is eating salad. Got a freebie from a vendor to go to a steak dinner and drinks, she was like but I am on a diet and going to do yoga. WTF. F the yoga. You almost dont feel like giving these kids raises or bonus , what for. How much money does it take to gas up a used white honda and buy a cup of coffee. I also love the amount that dont even own cars. Not amazing to me they are having less kids. You want kids, buy a porsche, get a beach house and a nice tan, girls will be trying to get pregant. These little man children are just burdens and these lazy ladies are boring and not domesticated. Who wants them. Not even each other.

    Brian says:
    October 25, 2012 at 8:55 am

    Old people have complained about young people since the dawn of time. If you find yourself criticizing young people because of the way they live their lives, look in a mirror. Congratulations, you have officially become an old fart.

  12. Essex says:

    9. When you live in the World’s largest market that quip requires a ‘ duh’ alongside it.

  13. Mike says:

    Good Morning New Jersey

  14. grim says:

    Jobless claims 369k, down 23k. Roller coaster.

  15. 1987 condo buyer says:

    #11…hmmm..so maybe they all won’t be in debt and vote for all the politicians that get us into debt……??

  16. Essex says:

    11. Recession babies. My late granny was a Depression survivor who never spent a dime on herself. She never traveled or bought pricey clothes. She worked hard and left money she saved to my dad. Boring? Perhaps. Dad didn’t think so. ;-)

  17. Confused in NJ says:

    Latest weather forecast has me filling sandbags & gasing up the snow blower?

  18. Brian says:

    11 –
    Those are the wall street snobs. The regular guys are still partying. Maybe what you’re seeing is the culture on wall street changing.

  19. Comrade Nom Deplume in leafy PA says:

    Confused, I am pissed off at myself that I haven’t got a generator yet. My lines are underground, but line drops elsewhere worry me. This area is so remote that we won’t be reconnected in any hurry. It’s a situation I recognized but haven’t addressed yet.

    House closes tomorrow though we got payout 2 weeks ago. Will make one last trip up b4 close, then.I’ve got no reason to be in NJ except for business.

  20. Brian says:

    17-
    I hope it turns out to be a big nothing. My major worry is the basement and the sump pump and losing electricity for an extended period of time. I thought about buying a generator for a second….but really, I think I’d be okay hunkering down if I lost power for a week. I could always stay with relatives or something.

  21. 1987 condo buyer says:

    ..

    Fearful Kids More Likely to Hold Conservative Political Views as Adults
    By LiveScience Staff | LiveScience.com – 1 hr 43 mins ago.. .
    .
    Parenting style and childhood temperament might play roles in shaping one’s political mindset, new research suggests. Specifically, kids who have fearful temperaments and are raised by parents who value obedience are more likely to endorse conservative ideologies as young adults, the study found.

    A team led by psychology researcher R. Chris Fraley of the University of Illinois at Urbana-Champaign examined data from 708 children who originally participated in a National Institute on Child Health and Human Development study.

    Based on the parents’ answers to questionnaires when the kids were 1 month old, the researchers determined which parents fell into the authoritarian camp (those who, for example, agreed with the statement “Children should always obey their parents”) and which ones were more egalitarian.

    The researchers also looked at the mothers’ assessments of their kids’ temperaments at 4 1/2 years old and broke down childhood disposition with five factors: restlessness-activity, shyness, attentional focusing, passivity and fear.

    The team found that children with authoritarian parents were more likely to have conservative values at age 18. Meanwhile, children who had parents with egalitarian parenting attitudes were more likely to have liberal political attitudes at that age.

    In addition, children with higher levels of fearfulness during young childhood were more likely to turn out conservative, and kids with higher levels of attentional focusing and activity or restlessness were more likely to be liberal. The researchers controlled for gender, ethnic background, cognitive functioning and socioeconomic status.

    “One of the significant challenges in psychological science is understanding the multiple pathways underlying personality development,” Fraley said in a statement. “Our research suggests that variation in how people feel about diverse topics, ranging from abortion, military spending, and the death penalty, can be traced to both temperamental differences that are observable as early as 54 months of age, as well as variation in the attitudes people’s parents have about child rearing and discipline.”

    The study was published in the journal Psychological Science.

    http://news.yahoo.com/fearful-kids-more-likely-hold-conservative-political-views-120123566.html

  22. gryffindor says:

    As Comrade Nom leaves NJ, I have become serious about coming back – close-to-contract limbo on commercial and residential properties. I kinda sorta want Sandy to stop by just to test one last time that my commercial property doesn’t actually flood. It’s been ok the last 3 years, just get some water in the basement but that’s mostly because the landlord doesn’t fix the gutters so the water pours into the basement rather than onto the ground where it’s supposed to go.

    I have to get my galoshes ready.

  23. Juice Box says:

    JJ – The kids today go to bed early too. Used to be a few bars in Hoboken that had live bands weekly rinning untill 2am closing, now very few Rock n Roll clubs and bars anymore in Hoboken. The once busy Hoboken downtown dance club closed no more ladies night on Tuesday etc. I guess Setxing on you iPhone at night and then nodding off to a Ebook on your Kindle is the NKI.

    There are two units in my building within twenty something women living in them. Not once have I seen the walk of shame or seen any late night booty calls, heck the two on my floor are rug munchers so I get that, but the other two women should be hooking up at least once a quarter if they every are going to meet husband material before the wrinkles and the cellulite show up.

  24. Painhrtz - 42 says:

    Juice i know a lot of twenty soemthing girls who resemble that remark. You know what happens to them they end up like my wifes unmarried friends who are in their mid 30 despartely trying to find Mr. Right in a sea of Mister Wrongs while the biological clock is going off like the bells of Notre Dame in their head. It is truly pathetic to watch.

    Nom Brigadoon get together to celebrate your final emancipation? I’m sure those of us with Children can maybe get an afternoon off for a beer. Maybe.

  25. Libtard working from home says:

    Storm is still on track. The Euro has the <950 low crossing Newark, but other models have the storm making landfall anywhere from the Delmarva to Novia Scotia. By tomorrow, we should know better. Unfortunately, with each day of modeling consistency, the out-to-sea(OTS) solution becomes less and less. Buy your cheapo generators today. They will all be gone tomorrow. What you will lose in the refrigerator easily covers the cost of the generator even if this is the only storm you will end up needing it for. This is the one I purchased last year after Irene although I didn't lose power with Irene. The Halloween storm knocked us offline for 6 days and this baby kept our fridge, internet, 55"TV, the Nintendo Wii, one light and our furnace running. Was surprised she could power the TV. Having low wattage CFC bulbs certainly helped too.

    http://www.lowes.com/pd_106885-87012-40026_429474714.

    Updates forthcoming.

  26. Libtard working from home says:

    Oh, btw, I run the generator for 5 minutes every month to keep her primed. She has started on the first pull every time. Add Stabil to the gas to keep it from going bad and fill her up to max capacity to avoid gas problems.

    Avoid those super high-wattage but cheaply constructed Chinese Honda lookalikes. They tend to work once or twice and then the electric dynamo portion stops producing energy. They are also really loud. My neighbor burned through two of them in the last storm. Generacs and Honda’s are by far the best, but will cost you double or triple the cost of the Chinese made generators. For $300, I’m extremely happy with mine. If she breaks, I’ll just buy another one.

  27. JJ's B.S says:

    I am fully prepared for the storm. Sold my Jets/Dolphins tickets on stubhub already and bought chicken wings and beer at stop and shop.

  28. Libtard working from home says:

    Speaking of Stubhub, sold my Rutgers Syracuse tickets there for double what I paid for them a couple weeks back. What a great service they offer. Especially the ease of the FedExing. I’m thinking about buying a sh1tload of Louisville tickets for Stubhubbing. That could be a monstrous game. The last time these two teams met and both were ranked, ‘Pandemonium in Piskataway occurred. The only problem is that the game is over a month away and any loss by Rutgers against the cupcakes they play before the big game will leave me with a potential loss. Will watch the ticket sales and will jump when they start getting scarce.

  29. JJ's B.S says:

    Stubhub now just lets you enter barcodes from your tickets for instant download, or you can upload a pdf. I sold a few games this year and it is great I dont even have to print out fedex anymore. When I get my Jets tickets I usually put all eight games up on declining price the day I get them, I do like 599 to 99 a ticket. As I get people to go with I slowly pull seats, usually I end up only going to four or five games, the rest end up selling, kinda of set and forget. If one gets sold quicker than expected at a very high price so be it. I can always sit elsewhere or watch on tv

    Libtard working from home says:
    October 25, 2012 at 10:44 am

    Speaking of Stubhub, sold my Rutgers Syracuse tickets there for double what I paid for them a couple weeks back. What a great service they offer. Especially the ease of the FedExing. I’m thinking about buying a sh1tload of Louisville tickets for Stubhubbing. That could be a monstrous game. The last time these two teams met and both were ranked, ‘Pandemonium in Piskataway occurred. The only problem is that the game is over a month away and any loss by Rutgers against the cupcakes they play before the big game will leave me with a potential loss. Will watch the ticket sales and will jump when they start getting scarce.

  30. Jill says:

    #26: Because I allowed my DH to take charge of the generator, we’ve had gas in there since last October’s snowstorm. Do you think it’s still any good? If not, is there such a thing as a siphon that we can use to drain it? And what the heck do we do with it then?

    (D@mmit, I have to do EVERYTHING. That’s why I’m spending 3x as much to get cellular PVC decking…because I know who would get stuck doing the staining and sealing.)

  31. Fast Eddie says:

    Stu,

    Strong Nor’easter up the coast with a strong high pressure cold front dropping. All we need now is the Andrea Gail and we have the perfect storm, part II.

  32. Libtard working from home says:

    Trust me. You’ll hear the perfect storm catch phrase quite a number of times.

    http://www.hark.com/clips/wczpftzcjl-youre-headed-right-for-the-middle-of-the-monster

  33. Libtard working from home says:

    Jill,

    The gas might still be OK, but you are safer siphoning it out. Get one of those pump siphons. The ones that have the squeeze ball are almost impossible to get going. Don’t worry about getting every drop out. Once you fill it with fresh gas, it will dilute the weak gas. Don’t open the gas valve until the new fuel is in there. If the gas valve was left open. Close it. Pull the rip cord about ten times to unflood or burn off the old gas before you reopen the valve with the good gas. If she still doesn’t start, you can manually drip a little fresh guess into the carburetor, but sometimes they are not easy to get to in a generator. Still, the best bet is to just replace the gas and give it a go. It’s really smart to start her up every month or so to keep the gas fresh and for piece of mind. I do it every few times I mow the lawn to remember. Mine has wheels so it’s real easy. Good luck.

  34. Comrade Nom Deplume in bucolic PA says:

    [22] gryff,

    If it makes sense to be there, it makes sense to go there. My biggest gripe about NJ was high cost. If you have that beat, then enjoy.

  35. Comrade Nom Deplume in bucolic PA says:

    [34] libtard

    I would also recommend dumping the weaker old gas into the car’s gas tank. It will be mixed with fresh gas and should be okay then. If I have older gas from my bug-out supply, that’s what I do.

  36. Libtard working from home says:

    Good idea Nom. Never thought of it. Then again, I move my mower gas to my snowblower each winter and back to the mower in the spring to avoid old gas. I put Stabil in the Five Gallon drum.

  37. Brian says:

    1 year is probably ok Jill. Just fire it up and see if it starts. If so, you’re good to go. Just don’t let that old stuff sit in there any longer.

    If it doesn’t start easily, just follow Lib’s advice and siphon and dilute with fresh gas. Put the old stuff in your car.

    31.Jill says:
    October 25, 2012 at 11:19 am
    #26: Because I allowed my DH to take charge of the generator, we’ve had gas in there since last October’s snowstorm. Do you think it’s still any good? If not, is there such a thing as a siphon that we can use to drain it? And what the heck do we do with it then?

    (D@mmit, I have to do EVERYTHING. That’s why I’m spending 3x as much to get cellular PVC decking…because I know who would get stuck doing the staining and sealing.)

  38. Libtard working from home says:
  39. Comrade Nom Deplume in bucolic PA says:

    [37] lib,

    I use stabil as well. I know Kettle recommended a different product that advertised itself as a marine stabilizer. Was not cheap and had to be ordered. Stabil is also expensive but I don’t let the gas sit around either.

    I keep upwards of 12-13 gallons on hand so I have to pay attention to stabilization, especially now that I have no gas power equip any more and it may sit for months at a time. Lately it hasn’t sat because I use it as a private filling station here. I get new gas when I am in NJ, so I try to plan use around known trips. For example, I will be going tomorrow, so I dumped all of the older gas into the car and have empty jugs that I will fill tomorrow on Route 130 and Distribution Rd (Delta and Valero stations there are cheapest I’ve found) in South Brunswick. I did this a few times since moving here and it saved about 25 cents a gallon each time. Yes, it is a lot of work just to save a few bucks but the real reason for keeping this much gas is to have gas on hand in case of sudden price shock or wife leaving car on fumes, which happens quite a bit. And how that I am 20 min. drive from the nearest gas station, that’s more important than ever.

  40. Comrade Nom Deplume in bucolic PA says:

    [39] libtard

    Man, those tight millibars are scary.

  41. Phoenix says:

    “Man, those tight millibars are scary.” Nah, being eaten by the NY Police Dept on Halloween is even scarier. Can’t make this stuff up.

    http://www.nytimes.com/2012/10/26/nyregion/gilberto-valle-accused-in-plot-to-kidnap-women-and-cook-them.html?_r=0

  42. Jill says:

    OK, another question for you guys: Is it safe to keep gasoline in a gas can in the garage? I’ve been keeping my extra gas can outside because I wasn’t sure. I have very bad fire anxieties with OCD about it (something I’m going to have to conquer if I trade in my oil burner and tank for natural gas) and don’t want to risk anything. I have a lawn service for grass and snowblowing because I am that afraid of gasoline-powered tools. (And yet I have no problem with self-serve gas stations, go figure.)

    And is it really OK to put the old gas in the car???? That seems weird to me. The cars are a 10+year old Civic and a 9-year-old Corolla.

  43. Libtard working from home says:

    For those who don’t follow meteorology, a 944 low would be 27.88″. Lowest ever recorded in NY and NJ was around 28.30″. But don’t panic. Yet. There’s still a lot of time.

  44. Libtard working from home says:

    Gasoline isn’t terribly combustible. The scarier stuff is natty gas. But even that’s safe if you don’t puncture the pipe or the can. Gasoline is incredibly non-volatile. Only in the movies do tanks explode.

    Gas for the car will be fine. One part weak gas to eleven or twelve parts regular gas is fine.

  45. grim says:

    45 – If fire is your concern, you should be more concerned about keeping a car in the garage as opposed to a tank of gas. A car has significantly more failure modes that result in a melt-down than a tank of gas.

    Funny story, years back, a friend of mine thought it was a great idea to drive through leaf piles in his old Le Baron. Drove around like a nut undoing weekends worth of raking.

    Stuffed his engine bay full of leaves, packed them in around the exhaust manifold especially. Probably didn’t help that his car leaked oil like a sieve

    His car caught fire on the open road, and proceeded to melt down into nothing. If he was a real idiot and pulled into his parent’s garage before it all lit up, I’m sure the house would have been gone too.

    I told the story about another friend with the VW bug that melted down when the brake line popped, spraying hydraulic fluid on the manifold.

    Had another friend with an old 70s Vette, fuel line cracked and burst during a spirited drive out on the parkway. Really nothing left of that one.

    All of these could have happened a mile or two from pulling into a garage.

    That said, never seen a can of gas light itself up.

  46. Brian says:

    I dump old stuff in the truck all the time. Better than dumping it down a storm drain or something. I’ve even put stuff in there that has the 2cycle oil mixed in. It gets diluted. My truck has 170,000 miles and still going….knock on wood.

    “And is it really OK to put the old gas in the car???? That seems weird to me. The cars are a 10+year old Civic and a 9-year-old Corolla.”

  47. Marilyn says:

    JJ you are so right on young people who are boring. I was definately in the hang over crowd showing up at work the next day. Even worse, the 8 balls on weekends. Ohh God, I really was the female Charlie Sheen!

  48. Painhrtz - 42 says:

    Jill when i was a pump rat back in college we used to put out cigarettes with it to scare the customers. The fumes are worse than the liquid and that is why you should always discharge yourself before fillinggas in the winter. Left in a shed or open area in sealed container gas is harmless.

  49. Confused in NJ says:

    WASHINGTON (AP) — Government forecasters say a big storm that they’re calling “Frankenstorm” is likely to blast most of the U.S. East Coast next week.

    The storm is an unusual mix of a hurricane and a winter storm. The worst of it could be focused around New York City and New Jersey.

    Forecasters on Thursday said there’s a 90 percent chance that the East will get steady gale-force winds, flooding, heavy rain and maybe snow starting Sunday and stretching past Wednesday.

    The hurricane part of the storm is likely to come ashore somewhere in New Jersey on Tuesday morning.

    NOAA forecaster Jim Cisco said the storm is so massive that the effects will be felt along the entire coast from Florida to Maine and inland to Ohio.

  50. Painhrtz - 42 says:

    Can we resurect Snowmaggedon. If it becomes a winter storm.

  51. grim says:

    Got my chainsaws ready .

    Northeastern Arborist in West Paterson/Great Notch is an awesome place if you like dangerous toys.

  52. NJGator says:

    Pain 51 – I’m partial to Snoctobergeddon myself.

    Here’s the latest briefing from NOAA/Mt. Holly.

    http://www.erh.noaa.gov/er/phi/briefing/packages/current_briefing.pdf

  53. Comrade Nom Deplume in bucolic PA says:

    [43] Jill,

    I keep the cans in storage outside the house just to make sure there isn’t a combustion source in the house. When I was in NJ, I kept them in the garage. In summer, it got hot and the cans would expand but I never smelled fumes. As long as the vapor dissipates quickly and there is no ignition source, no problem.

  54. Anon E. Moose says:

    GRim [52];

    Thanks for the tip.

  55. Painhrtz - 42 says:

    Gatro nice

    how about Snoctobergeddonfest. A weird mix of irish coffee, snowmen, italian suasage, kraut, cheap german/dutch beer, and 90mph winds. We can all then rejoice in our powerless overpriced/taxed homes to the annual festival/natural disaster that inaugurates the consumer shopping season and lamentations of those living in the passaic river watershed flood plain. Sung of course to the humming of gas powered Generators.

    All hail Snoctobergeddonfest!

  56. Comrade Nom Deplume in bucolic PA says:

    [56] pain,

    Heck yeah, I have AWD. I’m in.

  57. Anon E. Moose says:

    http://finance.yahoo.com/news/more-people-eschew-jobless-benefits-than-scam-system-24462389.html

    “In 2009, for example, the federal and state governments paid almost $121 billion in unemployment insurance, including $11 billion in overpayments.”

    Overpaid by almost 10% ?!? Anyone get arrested? Fired? Nope, just business as usual — payoffs to keep the members of the ready-rent-a-mob willing and on hand at a moment’s notice. But that’s not the story! Talk about burying the lede.

    >“On average, the unclaimed benefits are much larger than the more frequently discussed overpayments,” the authors note.<

    So 10% of check-cashers shouldn't be and a far greater number than that don't get benefits they are entitled to. Only in government is this not considered an abject failure.

  58. Brian says:

    funny, I thought I heard a lot of people starting lawn mowers yesterday evening….I wonder if it was just people test firing up their generators.

    There were people on my block that lost power for 8 days straight last time.

  59. Libtard working from home says:

    I prefer Apocolypse Snow.

  60. Libtard working from home says:

    I just filled the gas containers, purchased two more pumps and a few more hoses. I’m really hoping that I can return them on Wednesday unused, but at this point I’m betting on using them. Adding my old french drain sump to the mix, I have over 2HP of electric pumping power. I hope to be the envy of all of my neighbors. In reality, I’ll probably just end up with a quicker to dry basement.

  61. Juice Box says:

    If this one hits Al might get his additional opening into Barnegate Bay and JJ beach front short sale will just be an empty sand lot.

  62. Hughesrep says:

    62

    Oversized pumps are not necessarily better unless the crock is significantly larger as well.

    Electric motors don’t like to start and stop often. Pumps like to long run long periods of time.

  63. NJGator says:

    There’s also Frankenstorm.

  64. Juice Box says:

    Zillow ups the Information ante, will now display foreclosure data for Free.

    Zillow will display detailed information on approximately 1.5 million homes that are in foreclosure but are not yet for sale, in a bid to position itself as the go-to web site for homebuyers.

    All of the data that Zillow is making available is public information but until now, accessing it typically required buying a subscription to a website or a trip to county courthouses, digging through individual case records. By putting such personal data at consumers’ fingertips, the Seattle-based realty website acknowledges it may face criticism regarding privacy concerns.

    http://touch.chicagotribune.com/#section/-1/article/p2p-73030503/

  65. Libtard working from home says:

    Hughes…I am aware of the importance of the hose size. That’s what we upgraded when we replaced the sump pump in the french drain. The pumps will run continuously once it rains continuously. Trust me.

  66. Fabius Maximus says:

    I dont need a generator. I plan to wire one of these into my Prius.
    http://www.amazon.com/Goldsource-STU-3000-Voltage-Transformer-Converter/dp/B0022U0MSQ/ref=pd_sim_e_5
    /smug

    But seriously. I was in Lowes earlier to buy a backup sump pump and the guy was saying that he started the day with 5 of every generator model and he was down to the last propane generator. Don’t forget extra extension cords. you can always use them for hlday lights.

  67. Juice Box says:

    Yup just checked Zillow the foreclosure data is there in a new Pre-Market section. Foreclosed listed as blue homes, with full address and foreclosure date etc.

  68. Juice Box says:

    Example

    http://www.zillow.com/homedetails/18-Glen-Carl-Rd-Upper-Saddle-River-NJ-07458/38046224_zpid/

    APR 16 2012 Foreclosed $951,000

    The lender, COLUMBIA BANK, has taken ownership of this property through a foreclosure auction for the amount of $951,000. The lender may list it for sale as a foreclosure property in the future.

    Zillow’s Foreclosure Estimate predicts this property will sell for $1,437,645.

  69. Libtard working from home says:

    Excerpt from the 3:59 AFD from Upton. Bullish wording…

    THE MAJORITY OF THE MODELS BRING SANDY OUT TO 70W…EAST OF
    HATTERAS…SUNDAY NIGHT BEFORE RECURVING SANDY BACK TOWARDS THE
    COAST MONDAY INTO TUESDAY. SOMETIME ON MONDAY…SANDY IS EXPECTED TO
    LOSE ITS TROPICAL CHARACTERISTICS…BUT SHOULD STILL BE A
    POWERFUL AND HISTORIC STORM SYSTEM FOR THE NORTHEAST. MODELS BEGIN
    TO DIVERGE IN SOLUTIONS SUNDAY NIGHT INTO MONDAY MORNING…AS
    LANDFALL COULD OCCUR ANYWHERE FROM THE DC METRO AREA TO CAPE COD.

    THE OPERATIONAL RUN OF THE 12Z/25 GFS IS THE SLOWEST OF THE
    SOLUTIONS…BRINGING SANDY EAST OF 70W ON MONDAY BEFORE TURNING BACK
    TOWARDS THE COAST…PASSING EITHER RIGHT OVER OR JUST SOUTH OF LONG
    ISLAND AND INTO NYC LATE TUESDAY INTO TUESDAY NIGHT. MOST OF THE GFS
    ENSEMBLE MEMBERS FOLLOW A SIMILAR TRACK…THOUGH ARE ABOUT 6-12
    HOURS FASTER THAN THE OPERATIONAL RUN. SEVERAL OF THE MEMBERS CARRY
    SANDY OUT TO SEA…BUT THAT IS AN OUTLIER.

    THE 12Z/25 CMC MODEL IS JUST TO THE WEST OF THE GFS…AND IS ABOUT
    6-12 HOURS FASTER. THIS BRINGS THE LOW JUST SOUTH OF LONG ISLAND
    MONDAY AFTERNOON…THEN OVER NYC MONDAY EVENING BEFORE TRACKING BACK
    TOWARDS WESTERN NY/PA.

    THE 12Z/25 ECMWF CONTINUES ITS WESTERN TRACK…BARELY MAKING IT TO
    70W ON SUNDAY BEFORE SHARPLY TURNING BACK TOWARDS THE COAST ON
    MONDAY…MAKING LANDFALL JUST OVER WALLOPS ISLAND…VA BY TUESDAY
    MORNING. THIS COULD POSE A PARTICULARLY DANGEROUS SCENARIO…AS
    STRONG SOUTHERLY WINDS OFF THE OCEAN WOULD BATTER COASTAL AREAS.

  70. Painhrtz - 42 says:

    Lib if it hits Delmarva we may get snow! Snow yeah! Wait a minute boo!!!!!!!!

    So Nom is the only one up for Gator’s newly created snoctoberggedonfest! c’mon join in on the new holiday fun. Make fun of your flooded neighbors, carol along with the humming generators, throw leave laden snowballs at unsuspecting utility workers.

  71. Libtard working from home says:

    Celebrate climate change.

  72. rack kabin says:

    You can certainly see your expertise within the paintings you write. The world hopes for even more passionate writers like you who are not afraid to say how they believe. All the time follow your heart.

  73. gryffindor says:

    [35] Comrade Nom, NJ makes sense for now. I’m keeping an eye on PA or DE in my future if cost of living gets out of hand for me as well. Though if I wasn’t engaged when I finished grad school to a fiance who refused to live anywhere but NYC, I think I would’ve been in PA/DE already. Now as his friends have all been getting married and leaving the island, he’s left here alone and concedes that a move to NJ is in our future.

  74. chicagofinance says:

    Fcuk: I just sat with someone who was sold an annuity by one of the well known names out there……these guys smoked him for a one-time $90,000 commission….fcuking pricks :(

    There is no way I tell him…he deserves better……

  75. Brian says:

    Don’t bother trying to buy a generator. I was at Lowes and Home Depot. The shelves are bare.

  76. Libtard at home says:

    Brian,

    Last year I drove down to Lowes in Eatontown. I called nearly every store in Jersey. I ordered it online and made sure they put it aside for my pickup later that day. The early worm…

  77. Fabius Maximus says:

    #78 Brian,

    At this point I would call the tool rental places and rent one for the weekend. They should still have stock.

  78. Libtard at home says:

    It’s a lark and the generators will be of the disposable variety but you could try one of those cheap Chinese hardware stores. I forgot the name, but I think there’s one up by Paramus. It’s like the oriental trading store or something. They sell garbage, but it’s cheap!

  79. njescapee says:

    NJers, good luck with Sandy. it’s been a little windy with showers all day. No biggie so far.

  80. Painhrtz - 42 says:

    Lib Harbour freight I use them when I need a throw away tool for one time use. Bought a timing light there for 20 bucks timed the truck. now it sits on the shelf.

    Have one of there generators and it lasted more than one use. It was bought for us by my inlaws.

    Brian you can probably get one in central and western PA or upstate NY near Binghampton. those people have no f*cking money and the last thing they are going to do is blow it on something like a generator. binghampton is only like an hour an 40 minutes away.

  81. Libtard at home says:

    Yup. Harbor freight was what I was thinking.

  82. Ernest Money says:

    Final doom is nigh. It is the end of days.

  83. Brian says:

    Nah, I’m good. Got some intel that there was a delivery of generators coming to the Home Depot in Newton overnight. Stood in line at 4:30AM (my daughter woke me up crying last night anyway so I was up). Doors opened at 6AM. There were a lot of disappointed people behind me.

    97.Ernest Money says:
    October 26, 2012 at 6:59 am
    Final doom is nigh. It is the end of days.

  84. Fabius Maximus says:

    #97 Clot,

    Due to the weather, Armagedon will be held indoors this year.

  85. 1987 condo buyer says:

    #100 is it on TV?

  86. Anon E. Moose says:

    Juice [70];

    Q for the LA: Can I see an inside picture? No? That bad, huh? Unfinished construction of indeterminate quality, just sitting around rotting? How long have those basement windows been open to animals and elements?

    Methinks land value – demo costs and start again.

  87. Fast Eddie says:

    Maybe this all sounds a bit like I’m rehearsing the game of “Life” for you, but in fact these details are crucial to economic growth. Independent adults make the economy grow. The longer Millennials delayed independent adulthood, the further we’d be from a full recovery.

    But Mommy, it’s so hard. And besides, you and Daddy are my BFF! LOL!

  88. JJ's B.S says:

    I went to that zillow site to look at pre-foreclosures. Long Beach Long Island which has tons and tons of condos/coops on boardwalk which was snapped up from 2000-2008 as investments, rentals, second homes, piedatiers have 173 in preforeclosure. Long Beach is just one town. Wow 173 in preforeclosure. That should take a few years to work through

  89. JJ's B.S says:

    You have to eat what you kill.

    Guy could have done better by doing 1/5 munis, 1/5 treasuries, 1/5 MBS, 1/5 investment grade bonds and 1/5 SPY. Then spent the 90K he saved on hookers and blow in southbeach

    chicagofinance says:
    October 25, 2012 at 6:47 pm

    Fcuk: I just sat with someone who was sold an annuity by one of the well known names out there……these guys smoked him for a one-time $90,000 commission….fcuking pricks :(

    There is no way I tell him…he deserves better……

  90. Fast Eddie says:

    I’ve come to the conclusion that Ohio is going to break for the incumbent and thus, we’ll get four more years of golf and the talk show tour. The popular vote will go for Romney but all in all, the majority of Amerikans have the attention span of a isotope. Terms like “binder” and “Romnesia” are intended to distract and ridicule and like chubby, stup1d children, there are too many willing to comply and too few that lack the capacity to comprehend the big picture.

    We’ll also get one more jobs report before the election where 100K plus/minus jobs will be added with an unemployment rate reported at 7.7%. This will be touted as further “evidence” of a recovery and will be just enough to put Ohio in the dems column.

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