2013 Housing Market Closes Strong

From Bloomberg:

US home sales edged up 1 percent in December

Sales of existing U.S. homes edged up slightly in December, helping to lift sales for the year to the highest level in seven years.

Sales increased to an annual rate of 4.87 million units last month, up 1 percent from the November sales pace, the National Association of Realtors reported Thursday. Both months represented a slower pace of sales than earlier in 2013, reflecting the drag from higher mortgage rates and higher home prices.

For all of 2013, sales totaled 5.09 million, the best performance since 2006, when sales climbed to 6.48 million. However, the sales gains in both 2005 and 2006 represented an unsustainable housing bubble. Analysts say a more normal sales pace currently would be around 5.5 million units.

The median price of an existing home rose 11.5 percent last year to $197,100, the highest in eight years.

Sales of previously owned homes are up 19.5 percent since 2011 but sales fell from September through November and the December level is still 9.6 percent below the summer peak.

“We lost some momentum toward the end of 2013 from disappointing job growth and limited inventory, but we ended with a year that was close to normal given the size of our population,” said Lawrence Yun, chief economist for the Realtors.

Yun expects sales will remain around the 2013 level of 5.09 million in 2014 as such factors as tighter mortgage lending standards and limited inventories impede further progress in the housing market.

But other forecasters are more optimistic. Patrick Newport, an economist at Global Insight, predicted that sales growth would slow a bit from last year’s 8.8 percent rise. He predicted a 5.1 percent increase this year to 5.33 million. He said that would represent a “return to normalcy for this portion of the housing market.”

Joel Naroff, chief economist at Naroff Economic Advisors, agreed. “The decade of boom, bust and boom in the housing market is nearing an end,” he said. “We should be getting back to a more normal market.”

By region of the country, sales fell 4.3 percent in the Midwest and were down 1.3 percent in the Northeast. Sales were up 3 percent in the South and rose 4.8 percent in the West.

This entry was posted in Economics, Housing Recovery, National Real Estate. Bookmark the permalink.

74 Responses to 2013 Housing Market Closes Strong

  1. Comrade Nom Deplume, a.k.a Captain Justice says:

    Frist!

  2. grim says:

    From the Record:

    N.J. reports 36,300 jobs lost last month

    New Jersey added a minuscule 10,100 jobs in 2013 after losing more than 36,000 jobs in December — the biggest single-month job loss in 23 years — painting a bleak picture of the state economy and raising questions about its health and direction.

    The jarring December figures released Thursday, which economists cautioned may be a statistical blip, translate to a .26 percent job gain for the year, and represent a sharp reversal from the slow-but-steady job increases of recent months that suggested a slight strengthening of the economy after a weak summer.

    The December drop of 36,300 jobs — 33,200 private and 3,100 public — was so broad-based that economists said it was difficult to pinpoint a particular reason. They offered several possible explanations, including unusually cold weather, which could explain the loss of 6,500 construction jobs, and could have caused the temporary loss of work for day and freelance workers.

    Economists noted, however, that the figures for the entire year will be revised in March, a process that has in the past resulted in some significant changes in monthly totals.

    The report comes nine days after Governor Christie, who has made job creation and economic development a central priority of his administration, touted the state’s strengthening economy in his State of the State speech. He noted that the state had added “70,000 jobs in the last year alone,” which included a gain of 24,500 jobs in December 2012 — true at the time. Thursday’s jobs report is far less optimistic.

    “If this was an ugly contest, it would have won,” said Patrick O’Keefe, CohnReznick’s Director of Economic Research, of the New Jersey report. “There were some warnings that job growth had decelerated. But what we see in New Jersey is a wholesale retreat.” He called the annual job increase “an incredibly small amount of economic expansion.”

    In announcing the figures the state Department of Labor and Workforce Development emphasized the decline in the state’s unemployment rate, from 7.8 percent to 7.3 percent.

    But the figures show that the rate declined because 26,100 people left the labor force in December, taking the total who have dropped out over the year to 134,300.

  3. Essex says:

    2. So let’s see….the hero-GOP-Guv has done _____________ in his term in office?

  4. grim says:

    From the Star Ledger:

    NJ’s downbeat December jobs report nearly quashes Jersey job gains for 2013

    New Jersey’s labor market ended 2013 almost the same way as it began the year: Flat.

    Preliminary data released Thursday by the state Department of Labor and Workforce Development showed that employers in New Jersey shed 36,300 jobs last month.

    If that number holds, it leaves the state with just 10,100 more jobs than what it reported for December 2012. Of those jobs, just 7,300 were in the private sector.

    It wasn’t all bad news: the state’s unemployment rate ticked down to its lowest level in five years, 7.3 percent. Not only is that closer to the national average of 6.7 percent, it is also well below 9.5 percent jobless rate that the state posted 12 months earlier.

    But this decline was due more to the continued shrinkage of the state’s civilian labor force than to people getting jobs, economists say. Just over 26,000 people left the labor force last month, according to Thursday’s report, leaving 4.5 million in the pool of working-age New Jerseyans who either have a job or want one.

    Since December 2012, the state’s labor force has declined by 134,300 people, the data show. Meanwhile, the number of New Jerseyans who said they had a job last month was nearly 21,000 less than the same period a year earlier.

  5. grim says:

    Tinfoil hat time? Were numbers manipulated to put pressure on the unemployment extension deadlock in Congress?

  6. anon (the good one) says:

    “9. Huge corporations that engage in criminal or other wrongful activities protect their leaders from being prosecuted by paying huge fees or fines to the government. You and I would be prosecuted. These corporations protect their bosses by paying off the government. For example, Reuters reported that JPMorgan Chase, which made a preliminary $13-billion mortgage settlement with the US government, is allowed to write off a majority of the deal as tax deductible, saving the corporation $4 billion.”

  7. Essex says:

    The numbers are far worse than anything the government reports. That much is established. Every negative trend from Globalism to a decimation of the middle class is clearly established and was well under way for the last twenty plus years. What else is there left to say?

  8. anon (the good one) says:

    redistribution

    @BillMoyersHQ: Ten Examples of Welfare for Corporations and the Ultra-Rich http://t.co/YnBdtqHIuw

  9. Comrade Nom Deplume, Guardian of the Realm says:

    [8] essex

    “What else is there left to say?”

    Smoke ’em if you got ’em.

    * * * * * * *

    Well, back to the ammo bunker, er, salt mine. . .

  10. anon (the good one) says:

    @ianbremmer: US Unemployment, December…
    2006: 4.4%
    2007: 5.0%
    2008: 7.3%
    2009: 9.9%
    2010: 9.4%
    2011: 8.5%
    2012: 7.9%
    2013: 6.7%

    #bbcdavos #wef14

  11. anon (the good one) says:

    @ianbremmer: Top Countries, Incarceration Rate
    1 US
    2 Seychelles
    3 St Kitts/Nevis
    4 US Virgin Is
    5 Cuba
    6 Rwanda
    7 Anguilla
    8 Russia

    #bbcdavos #wef14

  12. Essex says:

    Dr. Peter Venkman: This city is headed for a disaster of biblical proportions.

    Mayor: What do you mean, “biblical”?

    Dr Ray Stantz: What he means is Old Testament, Mr. Mayor, real wrath of God type stuff.

    Dr. Peter Venkman: Exactly.

    Dr Ray Stantz: Fire and brimstone coming down from the skies! Rivers and seas boiling!

    Dr. Egon Spengler: Forty years of darkness! Earthquakes, volcanoes…

    Winston Zeddemore: The dead rising from the grave!

    Dr. Peter Venkman: Human sacrifice, dogs and cats living together… mass hysteria!

    Mayor: All right, all right! I get the point!

  13. anon (the good one) says:

    any you fat cats go to Davos?

  14. nwnj says:

    Meanwhile, at the other end of the welfare spectrum, the best thing that could happen for this state is for Christie to resign and start his campaign now. It’s pretty clear that his entire focus for this term is to build up his platform for the presidential run, and a key component of that are handouts for illegals.

    http://www.nj.com/camden/index.ssf/2014/01/gov_christie_camden_superintendent_tout_new_after_school_dinner_program.html#incart_river_default

  15. grim says:

    Who cares about Davos. Any of you fat cats going to the Super Bowl?

    I’m flying out the morning of, heading down to the keys where things should be quiet.

    I originally wanted to fly out on Friday or Saturday, but thought the airports would be madness. Decided to drive by the stadium sunday morning and flip the bird as I flew out.

    Saw a story stating the Teterboro, Morristown, and other local airports were preparing to store hundreds of private aircraft for the event. Silly me, thinking that these folks fly steerage.

  16. The Super Bowl is everything that’s wrong with Amerika.

  17. Comrade Nom Deplume, Guardian of the Realm says:

    Back to share an anecdote. Close friend on FB advises that her friend, an Obamunist who signed up for O-care. Said friend made a claim when she called for an ambulance (BP was 240/120). O-care is denying the claim for the ambulance and said she has to “prove she was sick enough to warrant an ambulance.” Now, didn’t the left assure us that arbitrary denials of care or coverage (e.g., maxima, “death panels”) was just right wing tin foil hat thinking?

    Once at the Brig YMCA, I had a BP spike that wasn’t even close to that neighborhood. The Exec Dir there is a physician; he took my BP and wouldn’t let me leave unless I had a ride. Now my friend’s bud has to make the argument, with supporting evidence, that transportation for a seriously (and dangerously, I think but not a MD) high BP was “medically necessary.”

    There are days when I wish we had gone to single payer. If the feds actually ran health insurance instead of merely being the guarantor and regulator, all insurance decisions would be subject to legal review. It would be a godsend for the plaintiffs bar.

  18. grim says:

    O-care is denying the claim for the ambulance and said she has to “prove she was sick enough to warrant an ambulance.

    You mean the specific insurance provider, no? How I understood it, the individual providers under ACA are still free to run their business.

    I thought the typical approach with most carriers is to simply deny everything but standard preventative care and hope that people are dumb enough to pay. Then, if anyone dared to appeal the decision, to make the process so cumbersome and frustrating that they’d simply give up an pay, or scared into paying by the collection notices that would be arriving around that time.

    It is by design that most insurance companies require appeals to be submitted by mail, and require physical copies of all supporting documentation (don’t they have it all already?). How many people actually have access to a photocopier? A printer to type up a letter? I know plenty of older folks that simply wouldn’t be capable of appealing if it weren’t for their kids helping them. In reality, it should take only one phone call, and it should be the responsibility of the insurance company to manage the process.

    I too feel single payer would have made significantly more sense. With the caveat – everyone has the same plan, period, everyone from the president down, no exceptions.

  19. Comrade Nom Deplume, Guardian of the Realm says:

    [19] grim,

    Yes. This isn’t a government denial and if that wasn’t clear, let me make it so. But the left led everyone down the primrose path to believe that denials of care or services wouldn’t occur. Naturally, this was weasel language, just as it was with taxation (“not one thin dime”) and “keeping your doctor”.

    If anything, the nitpicking will be worse because the insurers will have more, not less, support from the ultimate guarantors. But they won’t have to defend the care decisions under and arbitrary and capricious standard.

  20. grim says:

    If anything, the nitpicking will be worse because the insurers will have more, not less, support from the ultimate guarantors.

    The biggest fear around this point was adverse selection of the pool, which is undoubtedly taking place now, so I have to agree with you there. We will fall short of actuarial assumptions which will require an increase in rates … or additional declines in coverage.

  21. Comrade Nom Deplume, Guardian of the Realm says:

    [19] grim,

    Understand that under single payer, the decision makers don’t go away. Instead of fighting with an insurer, you are fighting with HHS or CMS or IRS. They have vastly more resources to fight with, don’t have to weigh cost of litigation, and aren’t worried about reputational risk or state regulators.

    And lets not even get into what the healthcare provider sector will look like. Imagine everyone in the country getting their healthcare from the VA. I have family that work at the VA and even they don’t want to go there.

  22. JJ says:

    I am going to attempt to go. Just waiting till after Pro-bowl when prices start to fall like a brick. Next week is supposed to be cold.

    Yesterday the cheapest best seat on seatgeek was 2k for a 30 yard line 15 row seat. That is pretty good considering still a week and one half to go.

    My only BIG issue. If my buddy bails on me last minute will I still go? Single seats are even cheaper and I am taking train anyhow.

    grim says:
    January 24, 2014 at 8:26 am

    Who cares about Davos. Any of you fat cats going to the Super Bowl?

  23. Comrade Nom Deplume, Guardian of the Realm says:

    [22] redux.

    And on that cheery note, I really do have to get back to work. Snow days put me in a helluva hole.

  24. grim says:

    Interesting, news out this morning from Target that they are dropping coverage for part timers under 30 hours (10% of their workforce).

    The comments on the articles are the most striking part, seems that folks are cheering on the decision and claiming that those part timers will have cheaper and better coverage through ACA. Mind … Blown …

  25. Street Justice says:

    25 – If they’re part timers, then they’re probably younger teenagers or college kids no? On a positive note, that’s the type of people they need to sign up for healthcare through the ACA.

  26. JJ says:

    Even better Mcdonalds are independent franchise. Plenty have them on a 29 hour work week and then the workers go down the block and work at second mcdonalds.

    They end up working 58 hours a week with no benefits or ot.

  27. xolepa says:

    It funny how commentators here bash Christie for doing such a poor job in respect to the employment picture.

    Christie has minimal control over the business climate. The legislators keep throwing bills based on social justice concepts (Family Act, min wage hike, etc). I own a small retail side business with several employees. The customers that come in have no extra money to spend. They are killed by taxes. They are decimated by job losses due to companies seeing the picture on their NJ office walls.
    What businessman in their right mind would choose NJ as a location to expand/locate in? They look first to see how friendly the state is: taxes, business support, rhetoric from politicians. All that stuff. Then they hear about the venom spewed by the legislators and union groups. Then they run…to other states.

    And the voters keep reelecting these idiots. At a higher level, does anyone remember Bill Bradley sponsoring any legislation that favored NJ? Did Frank Lautenberg offer any? How about Menendez? Does anyone expect Booker to help out NJ?

    As for the job losses, employees are starting to retire in mass. Companies are not replacing them. If they are, they do it in another state. When I retire from my professional position, I will most likely be replaced by someone in NC or India.
    That is, of course, if I’m able to stay to retirement. And I will not stay in NJ. I don’t need to pay $17k+ annually in property taxes. SW Florida, here I come.

  28. Michael says:

    “For an imperial power losing its economic grip on the planet and heading into more austere times, the NSA’s latest technological breakthroughs look like a bargain basement deal when it comes to projecting power and keeping subordinate allies in line — like, in fact, the steal of the century. Even when disaster turned out to be attached to them, the NSA’s surveillance programs have come with such a discounted price tag that no Washington elite was going to reject them.”

    http://hnn.us/article/154509

  29. Michael says:

    30- “Not only does such surveillance help gain intelligence advantageous to U.S. diplomacy, trade relations, and war-making, but it also scoops up intimate information that can provide leverage — akin to blackmail — in sensitive global dealings and negotiations of every sort. The NSA’s global panopticon thus fulfills an ancient dream of empire. With a few computer key strokes, the agency has solved the problem that has bedeviled world powers since at least the time of Caesar Augustus: how to control unruly local leaders, who are the foundation for imperial rule, by ferreting out crucial, often scurrilous, information to make them more malleable.” – See more at: http://hnn.us/article/154509#sthash.zYO3T1GG.dpuf

  30. Libturd in the City says:

    Fab (from yesterday):

    “The point is, the personal attack for a person holding an opinion differing from you and the double standard that you won’t hold that opinion across the board, is the issue.”

    Lighten up Francis.

  31. nwnj says:

    #28

    In the short-med term, the best hope for NJ job gains come from poaching NY industry. There must be thousands of businesses comtemplating an escape from the Cuomo/de Blasio alliance. Those two now seem inseparable from an ideology perspective, even if differences exist. NJ should launch an all-out ad(“not welcome here”, etc) assault and try to lure some of the business away.

  32. Juice Box says:

    re# 23 – JJ – I picked up my tickets game day around 2PM for Super Bowl XLVI in Indy. We bid online for them late morning after the prices plummeted on game day, and met the person selling them in-front of the stadium by Stubhub’s pop up office/pregame party location in Indy to pick them up. Some Guido from Long Island showed up with the tickets and was kind of miffed because we got mid tier seats for about $150 over face value of $900. Where we were entering the stadium there were dozens of New England fans hawking tickets, no shortage if you were paying cash. I am not even sure they sold them all out. Allot went for near face value. There was no shortage of scalpers that day.

    The cheap seats this year face value are $500, but are supposed to be nontransferable.

    Stubhub runs what they call Last minute Pickup locations.
    This year Stubhub is running their last minute Pickup at the Meadowlands Expo center in Seacacus, that is where they are having their party and where their shuttle buses will be. There will be no shortage of cash deals there on game day.

    http://www.stubhub.com/sub-zero-experience-transportation/

  33. Juice Box says:

    re # 16 – Grim – The Superbowl Host sponsors are mostly NY Bankers. They all paid a million + for a suite with 30 tickets and catering. I am pretty sure they private Jets coming in will be fat cat clients.

    http://nynjsuperbowl.com/our-team-sponsors

  34. Ragnar says:

    I’d be willing to support a government run health system if the government would also promise to entirely deregulate and remove itself from the private health care industry that would spring up to compensate for the state-run system’s failures. The government run system would stink, but at least what was left of private healthcare could have the boot and massive distortions of taken off its neck.

    Single payer would just make things worse. The government would continue to do to healthcare what the Fed and Treasury have done to the US “banking system”.

  35. The Original NJ ExPat says:

    Nom – Exactly. Single-payer would be a step down for people like me who have company-paid Cadillac plans, but at least it would be something level to put this partisanship (on this subject, anyway) behind us. The current state of affairs is like a multi-year long buildup to a Jets-Eagles game that never gets played. Just a lot of, “Your team sucks.”, “Oh, no, no. Your team sucks.”

    There are days when I wish we had gone to single payer. If the feds actually ran health insurance instead of merely being the guarantor and regulator, all insurance decisions would be subject to legal review. It would be a godsend for the plaintiffs bar.

  36. Everybody must get stoned.

  37. Happy Renter says:

    El Plato Supremo is going to be freezing on game day.

    I remember watching a U.S. v. Argentina friendly a couple years ago at that stadium on a “cold” night in . . . March? After a few hours I was miserably cold. And that was probably with temps in the upper 30s or mid 40s. I can’t believe anyone would want to go sit outside in that cold stadium for hours upon hours, clutching their little 6 oz clear plastic baggie’s worth of supplies . . .

  38. A daisy cutter dropped on the Meadowlands at game time would immediately solve many of our country’s problems.

  39. Juice Box says:

    Meh it may be mid 20s on Superbowl Sunday. That really isn’t cold and is normally the median temp for this time of year. If the mercury drops near zero and wind chills reach scary double digit negative numbers, then it will be a miserable day for most people attending the game without the proper gear. Even with proper gear in that weather a full day of partying outside in the cold is tough to pull off.

  40. Michael says:

    With such a high unemployment rate, why is this issue even coming about? It can’t be businesses using the recession excuse to take advantage of their workers….nah, that would never happen.
    http://www.nbcnews.com/business/are-you-binge-working-question-deadly-serious-2D11980291

  41. Fabius Maximus says:

    #31 Lib

    Stay classy San Diego!

  42. joyce says:

    Congresswoman: “…we should seriously consider not continuing [NSA] section 215… (talking over each other).

    Host: “Congresswoman, let me interrupt you. Congresswoman let me interrupt you for just a moment; we have some breaking news out of Miami. Justin Bieber has been arrested on a number of charges…”

    http://iroots.org/2014/01/24/msnbc-nsa-metadata-is-illegal-and-should-end-excuse-me-breaking-news-justin-bieber/

  43. Happy Renter says:

    I read 40 and thought it might be a bit of an overreaction.

    Then I read 45 and . . . well, what else can be said?

  44. Happy Renter says:

    “Fans attending the game will arrive to find warm-weather kits waiting for them at their seats. The kits include a seat cushion, ear-muffs, a knit cap, texting-friendly gloves, hand warmers, lip balm and tissues.”

    http://msn.foxsports.com/nfl/story/nfl-super-bowl-could-be-moved-from-sunday-in-case-of-bad-weather-012414

    Talk amongst yourselves.

  45. Comrade Nom Deplume, Guardian of the Realm says:

    [45] joyce,

    Classic! The infotainment industry knows that the sheeple must be fed.

  46. Comrade Nom Deplume, Guardian of the Realm says:

    Just had another disappointing session with a vendor. Won’t be using her services going forward. It’s the manager’s quandary, I guess: OTOH, if you want a job done right, do it yourself. OTOH, if you want to get anything done, you have to delegate the minutiae.

    Oy.

  47. Comrade Nom Deplume, Guardian of the Realm says:

    [47] renter

    “New Jersey Gov. Chris Christie did in fact declare a state of emergency on Tuesday afternoon, restricting travel.”

    See? He’s bullying the NFL!!!

  48. Libturd in the City says:

    Our Superbowl is THIS Sunday. Having tons of friends over in the warmth of my living room for the Devils/Rangers Yankee Stadium game. There will be Devil Dogs (if I can find them), deviled eggs and devils food cake. Maybe I’ll make some Wings Diablo as well. Not sure what the Ranger fans will bring. Ranger Cookies?

  49. chicagofinance says:

    un mod

  50. chicagofinance says:

    WSJ
    How a Dual Agent Affects Sale Prices

    Having an agent represent both buyer and seller can either raise or reduce the final selling price, depending on the timing of the transaction

    By Sanette Tanaka

    Would you trust a dual agent?

    Dual agency occurs when the same brokerage firm—and sometimes the same real-estate agent—represents both the buyer and the seller in the same transaction. Dual agency can increase or reduce a house’s sale price, depending on the timing, says Bennie Waller, professor of finance and real estate at Longwood University in Farmville, Va., who studied dual agency in home sales.

    Dual-agency sales that occur in the first 30 days of the listing contract sell for roughly an 18% premium because agents may be able to more efficiently match the property with the right buyer if they search within their own network, Prof. Waller says.

    Over time, that information advantage diminishes as other agents learn more about the seller and property, says Raymond Brastow, professor of economics at Longwood University, who co-wrote the study. By the end of the listing contract, the agent’s priority is getting the property sold before the contract expires. Dual-agency sales during the last 30 days of the listing contract sell for roughly a 6% discount, or $9,300 less. Overall, a dual-agency representation reduces sale prices by about 1.7%, according to the study.

    Real-estate agents have a lot to gain from dual agency. The seller typically pays 5% to 6% of the sale price as commission, which is split between the buyer’s agent and seller’s agent. Thus, agents have an incentive to represent both sides of the transaction and earn the entire commission, Prof. Waller says.

    That may also mean an agent might encourage sellers to accept a lower price for a home to get the double commission, says Prof. Brastow. “You have the interest of the buyer, the seller and the agent, and it’s unlikely all three will coincide, especially in respect to price. They can’t,” he adds.

  51. chicagofinance says:

    Prof. Waller and Prof. Brastow examined 12,549 transactions between January 2000 and June 2009 in a central Virginia multiple-listing service. They analyzed which transactions were dual agency or non-dual agency and looked at effects on sale price and time on the market. The study, “Dual Agency Representation: Incentive Conflicts or Efficiencies?” was published in the Journal of Real Estate Research in June 2013.

    Many states allow true dual-agency relationships, in which the agent represents, and has a fiduciary duty to, both the buyer and seller. Some states, however, have modified versions of dual agency, such as letting transaction agents act only as deal facilitators, says Ilona Bray, real-estate editor for Nolo, a publisher of consumer legal guides in Berkeley, Calif.

    In general, Ms. Bray warns against dual agency. “A buyer and a seller are in very different parts of the transactions. Their interests are different,” he says.

  52. Juice Box says:

    Buy now or be priced out forever…

    Mike Fratantoni, chief economist at Mortgage Bankers Assoc predicts rates will hit 5% by summer and 5.3% by Dec. 31.

  53. chicagofinance says:

    But some agents say dual agency is more efficient and effective. Sometimes they will accept a lower commission from the seller. Also, both sides benefit from having one point of contact, says Jud Henderson, who was a dual agent in three transactions last year. “It can work to disarm the process, cut out the politics and just focus on the terms of the transaction,” he says.

    Last May, he received two offers for a $1.995 million listing from one of his buyers and another agent’s buyer. The seller ended up selling the property for just under the asking price to Mr. Henderson’s buyer.

  54. chicagofinance says:

    grim: are RE broker agencies verboten? It seemed to kill my post….

  55. chicagofinance says:

    Sotheby’s International Realty

  56. chicagofinance says:

    “Call-way H-nderson”

    why would this blow up the post?

  57. grim says:

    Shouldn’t be, unless the name contains a blacklist word

  58. grim says:

    Ah, Callaway is blacklisted, golf spammers.

  59. Street Justice says:

    Constitutional violations in California

    http://m.youtube.com/watch?v=FNQWfRaTHLM&feature=m-ch-fea

  60. JJ says:

    YEAA Baby. Prices are already falling on Seatgeek I saw a fifth row 20 yard line UD seat going for $1,700, last row UD EZ was like $2,400 two weeks ago.

    Juice Box says:
    January 24, 2014 at 10:29 am

    re# 23 – JJ – I picked up my tickets game day around 2PM for Super Bowl XLVI in Indy. We bid online for them late morning after the prices plummeted on game day, and met the person selling them in-front of the stadium by Stubhub’s pop up office/pregame party location in Indy to pick them up. Some Guido from Long Island showed up with the tickets and was kind of miffed because we got mid tier seats for about $150 over face value of $900. Where we were entering the stadium there were dozens of New England fans hawking tickets, no shortage if you were paying cash. I am not even sure they sold them all out. Allot went for near face value. There was no shortage of scalpers that day.

    The cheap seats this year face value are $500, but are supposed to be nontransferable.

    Stubhub runs what they call Last minute Pickup locations.
    This year Stubhub is running their last minute Pickup at the Meadowlands Expo center in Seacacus, that is where they are having their party and where their shuttle buses will be. There will be no shortage of cash deals there on game day.

    http://www.stubhub.com/sub-zero-experience-transportation/

  61. Libturd at NY Penn Station says:

    Another NJTransit mess tonight. Big delays due to smoke in East River tunnel. Anon. .. Please send your 10k to NJTransit.

  62. Gold Price says:

    Looking forward to 2014, sales will continue to improve and Kelley Blue Book anticipates the industry to surpass 16 million SAAR for the first year since 2007. Growth will slow from recent years; however, the initial estimate from Kelley Blue Book for 2014 is 16.3 million units, up 4.3 percent from 2013.

  63. Happy Renter says:

    Or maybe Anon should send his 10K to the federal judiciary . . . looks like they could use some better IT security:

    https://twitter.com/YourAnonCentral/status/426813928690028544/photo/1

  64. chicagofinance says:

    Captain and Tennille < Vigoda

  65. anon (the good one) says:

    You famously gave a million dollars of your own money to the pro-Obama super PAC. From the perspective of where we are now, do you feel that was money well spent?

    If you look at what the alternative universe would be under a Mitt Romney presidency, I think it’s money very well spent. There’s not an issue I can think of where Mitt Romney would be better. And I can only imagine what sort of cavalcade of nutcases would have followed him into Washington. Because he basically promised his soul to those hard-right groups that control the party now. And Mitt Romney never has had much of a backbone. So I’m very happy with that, because I did some research on it and it seemed to make a difference. At least that’s what the people who run the PACs—like Paul Begala—have told me. Until we had that little bit of publicity, the big-money people on the left were kind of sitting on their hands. I got scared at that point, because I remember talking to a lot of liberal people who were saying Obama’s reelection is in the bag. And I said, you know you don’t get outside of your circle of people. Out there in America, it’s not in the bag! Not in the bag at all.

  66. anon (the good one) says:

    @piersmorgan: BREAKING: Another school shooting in America – this time at South Carolina State University. 3rd in a week, 8th in 2014, 36th since Newtown.

  67. Street Justice says:
  68. Ben says:

    There’s not an issue I can think of where Mitt Romney would be better.

    There’s not an issue that Mitt and Obama wouldn’t vote the same way on. Different rhetoric, same policies. That’s what you get.

  69. Comrade Nom Deplume, a.k.a Captain Justice says:

    [70] anon,

    Not really a school shooting. It was a ghetto shooting that took place at a uni.

  70. stu, everybody knows Ranger fans just eat sh!t.

    Potvin sucks.

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