2013 – Good year for NJ real estate

From the Record:

N.J. home sales rose 18% in 2013, realtors say

The number of homes sold in New Jersey last year reached their highest levels since 2005, rising 18.1 percent to almost 95,000 units, the New Jersey Association of Realtors said Tuesday.

At the same time, home prices rose 3.1 percent to a median $283,500, the NJAR said.

NJAR says that Bergen County single-family prices rose 5.7 percent in December 2013, compared with a year earlier, to a median $460,000. Passaic County prices rose 4.9 percent, to a median $300,000, over the same period.

The NJAR’s numbers, which are based on reports from the state’s multiple listing services, show a recovering home market – a picture reinforced by a report Tuesday from the Standard & Poor’s/Case-Shiller home price index, which uses different methods to track home prices.

According to Case-Shiller, single-family home values in the New York metropolitan area, including North Jersey, rose by 6 percent in November, compared with a year earlier. While that reflected a renewed vitality in the real estate market, the rise was less than half the national increase of 13.7 percent.

Even with the recent rebound, single-family home prices, both nationally and in the region, are only at the levels of mid-2004 and remain about 20 percent below their peaks in mid-2006, according to Case-Shiller.

The region’s home prices are recovering more slowly than the nation as a whole in part because property values here didn’t drop as dramatically as in other areas. In addition, New Jersey’s job growth has been slow, and the state has a large backlog of distressed properties heading into the foreclosure pipeline.

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

72 Responses to 2013 – Good year for NJ real estate

  1. grim says:

    From Bloomberg:

    Home Prices in 20 U.S. Cities Rise Most Since February 2006

    Home prices in 20 U.S. cities rose in November from a year ago by the most in almost eight years, providing a boost to household wealth.

    The S&P/Case-Shiller index of property prices in 20 cities climbed 13.7 percent from November 2012, the biggest 12-month gain since February 2006, after a 13.6 percent increase in the year ended in October, a report from the group showed today in New York. The median projection of 31 economists surveyed by Bloomberg called for a 13.8 percent advance.

    A limited number of available properties is helping to sustain home price appreciation even as higher mortgage rates cool demand and leave purchases out of reach for some Americans. Further strides in the housing market this year would be made easier by a pickup in job and income growth.

  2. grim says:

    From the Star Ledger:

    NJ real estate sales up 18 percent, median sales price returns to 2010 levels

    New Jersey’s real estate market was “strong” in 2013, according to a year-end report from the New Jersey Association of Realtors, with sales and median prices across all home classifications rising.

    According to the survey, homes sales hit their highest levels since 2005, up 18.1 percent to 94,671 units. Home prices reached a three-year high as the median sales price climbed 3.1 percent to $283,500.

    Jarrod C. Grasso, NJAR chief executive officer, said in a statement that the median home price is New Jersey is almost $90,000 above the national figure. “It’s a very positive way to end the year,” he said.

    The national median price was $197,100.

    The state’s 6.6-month supply of inventory is also higher than the national 4.6-month supply, which is a sign of a balanced market, NJAR said.

    The median price of a single-family home rose 3.4 percent to $310,050, while the number of days the home lingered in the market fell 12.1 percent to 94 days.

    In the townhouse-condo market, the median sales price rose 2 percent for the year to $250,000. The number of days on market fell 18.4 percent to 93 days. While the number of townhouse-condos for sale decreased 15 percent to 11,219 properties, new listings were up 3.2 percent for the year to 36,535.

  3. grim says:

    From the Daily Record:

    NJ home sales hit 5-year high in 2013

    Morris County home prices tailed off in December, the report stated, but finished the year 1.1 percent higher than 2012. Statewide, home prices hit a three-year high, with median sale prices jumping 3.1 percent to $283,500, comparing favorably with the national median sale price of $197,100.

    Closed sales were dramatically stronger, with an overall increase of 22.1 percent in Morris and 18.1 percent in New Jersey. Total closed sales in the state were 94,671, the most since 2005, with 9,360 of those sales in Morris.

    Median sale prices of single-family homes dropped 3.6 percent in December, but were up 3.6 percent in 2013, from $415,000 in 2012 to $430,000. The median sale price of $305,000 for a townhouse-condo in Morris remained flat at $305,000, while adult-community sale prices increased 2.8 percent to $257,000.

    Combining the categories, the overall median price for homes in Morris County increased from $323,333 in 2012 to $330,666 in 2013, according to data from the Weichert Realtors corporate office in Morris Plains

    Most other important indicators in the Morris residential market improved in 2013. New listings of single-family homes were up 4.1 percent in 2013 compared to 2012, while days on the market before sale dropped 14.9 percent to 82 days.

  4. grim says:

    From CNN/Money:

    Home prices show signs of topping out

    Home prices are showing signs of topping out: The S&P/Case-Shiller index posted its first month-over-month decline in 10 months on Tuesday.

    The annual measure of home prices still increased 13.7% in November, but that was only narrowly better than the rise posted in October.

    But with mortgage rates climbing steadily since hitting record lows in May, it’s clear the housing recovery is starting to lose some steam.

    “While housing will make further contributions to the economy in 2014, the pace of price gains is likely to slow during the year,” said David Blitzer, chairman of the index committee at S&P Dow Jones Indices.

    But housing experts say that more modest price increases are probably a good thing for the housing market. The rapid increases of the last year are not sustainable, they said.

    “Sellers used to seeing huge price gains month after month may feel some whiplash as that slows down,” said Stan Humphries, chief economist for sales tracker Zillow. But more modest price increases mean “the housing market is still a long way from normal, but it’s getting there.”

  5. grim says:

    November Case Shiller Tiered HPI – NY Commuter

    Low Tier (Under $284140) – Up 4.9% YOY

    Mid Tier ($284140 – $458087) – Up 6.6% YOY

    High Tier (Over $458087) – Up 6.0% YOY

    Overall Market – Up 6.0% YOY

  6. grim says:

    I predict that in the next month or two – NJ will overtake Florida and lead the nation in the percentage of homes in foreclosure. We will have the spotlight.

    The concerted effort to clog the NJ foreclosure pipeline continues.

    2013 Completed Foreclosures
    Florida – 118,908
    New Jersey – 5,138

    How is it, that the state of Florida (also a judicial foreclosure state) is able to process more than 20x the foreclosure volume that NJ can?

  7. grim says:

    At the current rate of foreclosure, if absolutely nobody in the state of NJ ever went into foreclosure again, it would take 25 more years to process the current backlog. Assuming that there is a continued input of foreclosures, based on historical (pre-bubble levels) this number stretches out some 50-75 years. We may all be dead by the time this is resolved, and it is plausible that owners might live their entire lives in a house in foreclosure without ever making a payment.

    ARE YOU TELLING ME THIS IS NOT ON PURPOSE? WHY IS NOBODY ASKING THIS QUESTION BUT ME? WHY ARE NJ COURTS NOT FORECLOSING ON HOMES?

    If NJ foreclosed at the same speed and rate that Florida did, this would be resolved in a year or two, at the most. If we had been foreclosing at just half the rate at which Florida was foreclosing, since the beginning, we would currently have minimum to no foreclosure volume above historical average.

  8. Charlie says:

    Turkey to the rescue? Any opinion on the drop in the 10yr to ~2.75? Will lower rates jump start the RE 2014 season after the Dec blues?

  9. jj says:

    Grim got any NY numbers for comparision to NJ numbers?

  10. 1987 Condo says:

    #7..I think you already answered this based on where the vast number of foreclosures are and the voting block those areas represent.

  11. jj says:

    Futures are down sharply this morning pre-mkt

    Hold on to your Hats!!

  12. grim says:

    Somebody sending a message to the Fed?

  13. Ben says:

    Market is toast. The party is over. Gold and treasuries will make a run for the next 3 months.

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

    [13] ben

    Yeehah! Exactly what I was waiting for.

  15. Anon E. Moose says:

    Grim,

    Who benefits? We know that the FK properties are concentrated in low-income areas. Who is living there? Deadbeat working-class underwater home l’oaners living rent-free? Are there slumlords collecting rent on properties in perpetual default?

  16. grim says:

    Christie is done, he did a shit job of perception management. From a perception standpoint, it doesn’t matter if he’s guilty or not, it’s a pile on.

    By the way…

    Where’s Christie?

  17. Anon E. Moose says:

    CC had no support from the R base. He is (was?) most popular with moderates, a section of the electorate that is most fickle, and prone to believe the media when THEY piled on him.

  18. Libtard in Union says:

    Don’t count your chickens on this market correction. It’s been smoking hot since 2009. That’s quite a run. And even factoring in today’s drop, the market is all the way back down to hit the lows it experienced as far back as the second week of December 2013. To put it in perspective, the S&P 500 is down less than 4% from it’s record intraday high. It’s still up 157% since the financial crisis low and up 20% since the beginning of 2013. Wake me up when the correction gets to 10% or 15% off our January high. Then I’ll start loading up. Though I doubt we’ll see it. Smoke ’em if you got ’em.

  19. Libtard in Union says:

    “In May of 2013, his businesses donated a combined $25,000 to the Republican Governors Association, according to a midyear report filed at the end of June.”

    All you need to see. Now move along you sheepish disciples.

  20. JJ says:

    Apple is getting KILLED today!

  21. 1987 Condo says:

    #21..you a day behind on that?

  22. chicagofinance says:

    Did you make another bet on AAPL with your crew?

    Libtard in Union says:
    January 29, 2014 at 9:46 am
    Don’t count your chickens on this market correction. It’s been smoking hot since 2009. That’s quite a run. And even factoring in today’s drop, the market is all the way back down to hit the lows it experienced as far back as the second week of December 2013. To put it in perspective, the S&P 500 is down less than 4% from it’s record intraday high. It’s still up 157% since the financial crisis low and up 20% since the beginning of 2013. Wake me up when the correction gets to 10% or 15% off our January high. Then I’ll start loading up. Though I doubt we’ll see it. Smoke ‘em if you got ‘em.

  23. Libtard in Union says:

    JJ…Apple hasn’t released a gamechanger since the iPad. They’ve only done updates to their current lineup of products, all which were released when Jobs was still alive. They are no longer a growth stock either. I think it’s AppleTV or they will follow the same path as Sony did with their Trinitron and Walkman. Sad really. My club sold off half of our holdings at 550 and have put a line in the sand to sell the rest in 3 months if they do not release a new product. We still have a 30% annual gain since April of 2008 on our remaining shares even after yesterday’s drop.

    We recently purchased FFIV on January 9th of this year. It’s gain annualized amounts to 4342.5%. Shame that number is annualized. Bought at 89 and it’s already up to 108. Pretty lucky there.

  24. Juice Box says:

    re # 19 – QE3 is still coming in. However the Reverse Rotation bullhorn has been blow. My call for 2015 correction still stands.

    http://www.ft.com/cms/s/0/71b2b95c-8763-11e3-ba87-00144feab7de.html#axzz2rnizvBEB

  25. 30 year realtor says:

    #15 – Moose, most non-owner occupied multiple family homes in foreclosure have had rent receivers appointed. No gain for the landlord in delaying.

    Still have a great deal of trouble swallowing the conspiracy theory on completing foreclosures. I believe it is a combination of NJ’s consumer friendly foreclosure laws, delays from the scandals with the big 6 banks and NJ Supreme Court and a tired and broken system resulting in a giant cluster fcuk.

    I currently have about 15 REO properties in my inventory and expect that number to grow substantially in the next few months.

  26. xolepa says:

    (16) Nelson Ferreira was a former neighbor of mine. He was an arrogant SOB, always preferring, in discussion, to have land paved over versus keeping it in as much a natural state as possible. I told him off several times, more or less stating that with new jobs (from a newly built strip mall, e.g.) come state low-income housing obligations. That meant more paving of land and higher property taxes.
    Funny, in those years, his house was void of furniture, as he was putting all his money into the business. For that I admired him somewhat, but his family suffered as a result . Now he is much bigger (like Christie – ha ha), bought a nice spread in Chester.

  27. Hey, gluteus, I’ll take Grenier and de Jong any day over a guy who- while a very good player- is a yellow card machine and frequent choke in big games.

    You guys were lucky to draw vs. Southampton. Looks like it will be a pitched battle for 4th place (just like every season) for the Wankers very, very soon.

    Nice to see Ozil deline almost every week since you bought him. There are tougher women players out there.

  28. Nelson Ferreira is a dick. Back when I was a community-minded person (idiot), a group I was with voted him a very prestigious award. He refused to come accept it.

  29. Comrade Nom Deplume, Guardian of the Realm says:
  30. Bojangles has now become a cross between Don Cornelius and Crazy Eddie.

  31. Somebody should tell that whale of a lady who got Bommacare just in the nick of time to lay off the donuts, or she’ll be right back in the ER.

  32. Where’s my legal choom?

  33. Comrade Nom Deplume, Guardian of the Realm says:
  34. yome says:

    Biobutanol’s promoters say it packs more energy than ethanol and is easier for refiners to blend with gasoline. That would give oil companies more options to comply with rules in the U.S. and European Union mandating more use of biofuels that reduce carbon emissions from petroleum.

    http://www.bloomberg.com/news/2014-01-29/branson-s-butanol-heading-to-u-s-as-ethanol-substitute.html

  35. grim says:

    I’m not surprised, I expect him to be pardoned.

  36. Libtard in Union says:

    Could be a big storm next week starting Tuesday. Just warning you now JJ.

  37. Painhrtz - Disobey! says:

    I would be better if they built a statue of him pissing on Chairman O. If he could just murder drone a few weddings he would be a shoe in!

  38. Juice Box says:

    Even warmer prediction for Sunday now.

  39. chicagofinance says:

    F5? WTF? There are better ways to play virtualization and security…..be careful because its margins could be compressed to zero at some point……the real question is why no one had bought it out……I have no answer, but it should speak volumes toward your thesis……

    Libtard in Union says:
    January 29, 2014 at 10:15 am
    We recently purchased FFIV on January 9th of this year. It’s gain annualized amounts to 4342.5%. Shame that number is annualized. Bought at 89 and it’s already up to 108. Pretty lucky there.

  40. grim says:

    f5 for Virtualization and Security? Nah… load balancers is what it’s about, BIG-IP has had a great run.

  41. Street Justice says:

    Butanol sounds nice. Trouble is, I’ve been listening to scientists who babble about how great it is for ten years…maybe more. Start selling already…Jesus.

    And where’s my LNG car if they’re so great?

    yome says:
    January 29, 2014 at 12:11 pm
    Biobutanol’s promoters say it packs more energy than ethanol and is easier for refiners to blend with gasoline. That would give oil companies more options to comply with rules in the U.S. and European Union mandating more use of biofuels that reduce carbon emissions from petroleum.

    http://www.bloomberg.com/news/2014-01-29/branson-s-butanol-heading-to-u-s-as-ethanol-substitute.html

  42. Street Justice says:

    Unified communications…

    I know of some large multinationals who are buying products in this space.

    Maybe look for companies who offer those types of products.

    I can think of two major brands in this field…

  43. jj says:

    How the Jersey Shore 2014 Rental Season going. Usually starting Mid January folks start booking bungalows for the summer.

    I know last winter it was a bust. But this winter any word yet?

    Also wondering how VRBO is going to impact the market. Unlike year round tenants or even winter tenants the owner/realtor pays summer rental fee.

    I know a guy who owns a beach front one bedroom condo in NJ. At dinner his wife was asking me about VRBO but the guy was against is as he has an agent who rents it out for two months of summer. Wife would like to use it more but since they only bought it two years ago they need the income to help pay mortgage.

    Anyhow I explain to her with VRBO the nightly rate is much higher and no realtor fee. In my case 14 nights on VRBO is the same as a full month rental with a realtor.

    She was not interested in making more money but very interested in she could rent it two weeks a month for June through August and get same income as a full summer tenant with a realtor and still have six weeks to use on her own.

    Also how can realtors even predict the 2014 summer rental season if listings are not being listed as they are on VRBO, Homeaway or AIRBNB and you mix in homes still damaged by Sandy. They might have listings down a lot but the rental market still very strong.

    Interesting how VRBO got so trusted that folks will rent five million dollar houses out for a few nights to total strangers on the internet on a regular basis. Folks dont even bother going out to look at homes anymore.

    My realtor who sold me my beach place offered to help me rent it last year. She never heard of VRBO. She offered for a fee to show the place to potential renters, pre-screen them, do credit checks, when they arrive give them the keys to unit and they can drop the keys back at her place and told me it was an extremely valuable service for 10%.

    When I told her I dont show my place to people who want to rent it, they pay me non-refundable cash up front plus a deposit and I have a lock box with key in it so I really never even see these folks. And I dont care. She was agast, her her summer business model was wrecked.

  44. Street Justice says:

    I just mailed out my deposit for my summer rental. I always use vrbo.com.

  45. nwnj says:

    Some of the commentators on NJ.com are saying that homes were built on the lots in question, so what about that is illegal? Nothing, it’s baseless, just like the attack launched by the failure mayor in Hoboken.

    I think Christie will actually will actually emerge from this spell stronger, once the pattern becomes clear to the average voter. There are enough legitimate stories out there that the partisan hacks don’t have to fabricate them.

    Michael says:

    January 29, 2014 at 9:34 am

    o much for that presidential run

    http://www.northjersey.com/news/Governors_brother_invested_in_houses_near_new_PATH_station_in_Harrison.html?mobile=1&ic=1&iphone=1

  46. jj says:

    Nice!!! Any particular town you like?

    Street Justice says:
    January 29, 2014 at 1:29 pm
    I just mailed out my deposit for my summer rental. I always use vrbo.com.

  47. Bystander says:

    Not sure the “recovery” propaganda applies to Fairfield County, CT. The old inventory from late summer still out there. I bid on three houses since July:

    -one was REO. Neglected home but decent layout, mucho work. Realtor said it should offer 450k at minimum from 500 ask. I said BS. Offered 400k cash but bank came back at 495k. Home still there but dropped to 450k. I am laughing.

    -Offered 460k cash on 530k house. O

  48. Juice Box says:

    Bah the press is just trying the keep piling on Gov Christie.

    Facts who needs them?

    The gentrification of Harrison started back before Gov Christie in 2004 when they first announced the 25,000 seat stadium the Red Bull Arena. Builders like Applied and others has been buying and building there long before Christie took office.

    Here is a better summation of recent activity by the NY Times.

    “Nine developers have pledged $650 million over 10 years to transform 275 acres of abandoned, deteriorating manufacturing buildings into the next outpost on New Jersey’s Gold Coast. In all, a third of Harrison will be rebuilt, adding 3,000 units of housing to a town with 14,500 residents”

    http://www.nytimes.com/2012/10/31/realestate/commercial/harrison-nj-pins-its-hopes-on-housing-commuters.html?_r=0&adxnnl=1&adxnnlx=1391021497-QP+ydz/kYIlzmQMtyncDkQ

    The only way to fix politics is to take the money out. Until that is done they are all on the take….

  49. Bystander says:

    Oops..

    -offered 460k cash on 530k house. Guy was way above recent comps. He pulled home off market after 5 mos.
    -In Dec, offered 467k cask on 500k house. Accepted but owner lied about flood zobe. Flood insurance premium would be 7k/year due to Biggert Waters act. Home still sits with no price reduction.
    At least 20 others houses that I saw, but maybe 2 sold. Rest sit or pulled…recovery??

  50. Juice Box says:

    re: # 42 – AKAM hit 300 back in 2000. Time for a comeback?

  51. chicagofinance says:

    OK….I literally almost pissed my pants in the Jersey Mike’s in Red Bank on this passage…..”Victoria’s Secret models were henceforth required to parade down catwalks wearing horrible masks resembling bearded Princeton economists.”
    In fairness, I had just drank my 3rd large Diet Pepsi refill from the soda fountain…..

    Stephens: Kurt Vonnegut’s State of the Union
    Updating a story about government-mandated absolute equality.
    By Bret Stephens
    Jan. 27, 2014 7:13 p.m. ET

    The year was 2081, and everybody was finally equal. They weren’t only equal before God and the law. They were equal every which way. Nobody was smarter than anybody else. Nobody was better looking than anybody else. Nobody was stronger or quicker than anybody else. All this equality was due to the 211th, 212th, and 213th Amendments to the Constitution, and to the unceasing vigilance of agents of the United States Handicapper General.

    —From ” Harrison Bergeron ” (1961), a short story by Kurt Vonnegut

    The year was 2019 and Americans were finally on their way toward real equality. Not just equality in God’s eyes, or before the law, or in opportunity.

    They were going to be equal every which way.

    All this equality was due to bold new government action. There was the Decent Wage Act of 2017, which pegged the minimum wage to the (inflation-adjusted) average hourly wage of 2016. There was the NEW-AMT, which set a 55% minimum federal tax rate on individual income over $150,000 (or 80% for incomes above $500,000). There was the Unemployment Insurance Is Forever Act of 2018. There was the 2018 De Blasio-Waxman CEO Pay Act, which mandated a 9-to-1 ratio between the highest and lowest paid person in any enterprise.

    Happily, none of this harmed the economy in the slightest. Higher minimum wages have “no discernible effect on employment” ( Schmitt, 2013). High marginal tax rates have no effect on productivity and business creation (Piketty-Saez, 2011). Preserving jobless benefits puts money into the hands of consumers and thus stimulates the economy (Zandi, as usual). As for the 9-to-1 pay ratio—that’s just plain fairness, OK?
    New rules on income weren’t the only way America was achieving equality. Thanks to the efforts of Attorney General Thomas Perez, disparate outcome lawsuits were changing the country’s public culture in unexpected ways.

    For example, the average height of NBA players for the 2007-08 season was just under 6 feet 7 inches. The average American male is 5 feet 9 inches. Patently unequal, patently unfair. Mr. Perez demanded that the NBA establish an average-height rule that would require each team to offset taller players with shorter ones.

    Americans quickly adapted to the Midget-Monster rule, as it was lovingly known, though alley-oops were never quite the same.

    Another industry transformed by the new rules was Hollywood. For “The Bourne Equilibrium,” Matt Damon returned to the title role of Jason Bourne, a former super-assassin now entirely at peace with himself and the world. For his efforts he was paid $330,000 (or $130,000 after federal, state and local taxes), which is still nine times the salary of the second-assistant key grip. It was a far cry from the $20 million he was paid for the 2007 “Bourne Ultimatum” but, as he said, “it was totally worth it” Victoria’s Secret models were henceforth required to parade down catwalks wearing horrible masks resembling bearded Princeton economists. because he now has no choice but to send his children to public school.

    Fashion also changed. Fox News came out with a roster of all-male, paunchy middle-aged anchors.

    And what about Republicans? Though most conservatives were resistant to the Equality Movement, some found the new political environment congenial to their anti-elitist aims.

    There was the Grassley-Amash De-Tenure Act of 2016, which abolished the “monstrous inequality” of college-faculty tenure. That was soon followed by the Amash-Grassley Graduate Student Liberation Act of 2017, ending the “master-slave” relationship between professors and their teaching and research assistants.

    More controversial was the Grassley-Gowdy De-Ivy Act of 2018, requiring all four-year colleges, public or private, to accept students by lottery. Besides its stated goal of “ending elitism and extending the promise of equality to tertiary education,” many conservatives saw it as a backdoor method of eliminating affirmative action. Liberals countered that it had precisely the opposite effect.

    Still, it was not enough for Americans to promote equality within America. Also necessary was to seek equality with other nations. In 2017, Sen. Rand Paul joined with Oakland Rep. Barbara Lee to cap defense spending at no more than 2% of gross domestic product. “Brazil only spends 1.5% of their GDP on defense, and they’ve never been invaded,” said Mr. Paul. “Canada spends about 1.2%, and they’ve only been invaded by us. Maybe the lesson is that a big military makes us less secure, not more.”

    In the summer of 2018, a software engineer at Los Alamos uploaded detailed blueprints of a Trident missile warhead to the Internet. Mr. Paul praised the engineer, who fled to Ecuador, as “civil disobedient,” like Martin Luther King Jr., and noted that many scholars believe nuclear proliferation—or nuclear equality—makes the world a safer place.

    Of course, not everyone was happy with the emerging utopia. From his yacht 100 miles off the coast of Marin County, hedge- fund billionaire Tom Perkins wrote bilious letters to The Wall Street Journal, which, mysteriously, the Journal saw fit to publish. Fortunately, investigative ace David Brock was able to establish that Mr. Perkins’s real name is Emmanuel Goldstein, and promptly created a Two Minutes Hate program on Media Matters for America, which was very popular.

    And then came the State of the Union speech. From the hushed chamber of the House of Representatives, a young Texas congressman named Harrison Bergeron yelled “You lie!” as the president spoke about the joy Americans felt as the promise of equality was finally realized.

    Shhhhhh! whispered the rest of the House, in absolute unison. And President Elizabeth Warren carried on.

  52. Fcuk the Super Bowl and fcuk all the losers in town for this shitshow.

  53. Expatriation. The only sane choice.

  54. chicagofinance says:

    Why should I listen to you? Aren’t you the NO SNOOKI guy?

    Spine Snapper says:
    January 29, 2014 at 2:17 pm
    Fcuk the Super Bowl and fcuk all the losers in town for this shitshow.

  55. Libtard in Union says:

    FFIV,

    Yup…Load balancing is big. My company also uses BIG-IP for remote access/tunneling. We just dropped Dell’s Aventail, so they are doing something right. Ultimately, it looked like a turnaround growth stock at a great value. We’ll see.

  56. chicagofinance says:

    They either have a new mousetrap or they don’t……and you generally have to bet on …..they don’t…….because most companies only have one act……the exceptions are massive though……

    Libtard in Union says:
    January 29, 2014 at 2:54 pm
    FFIV,Yup…Load balancing is big. My company also uses BIG-IP for remote access/tunneling. We just dropped Dell’s Aventail, so they are doing something right. Ultimately, it looked like a turnaround growth stock at a great value. We’ll see.

  57. jj says:

    Interest rates are going down because Fed is saying they may raise interest rates.

    My old Finance teachers were suckas.

  58. jj says:

    Load Balancing was something I practiced when I had back to back dates planned.

  59. Go long gold and lead. And whiskey.

    That is all.

  60. Libtard in Union says:

    I always thought load balancing was the key to performing a successful upper-decker.

  61. chicagofinance says:

    jj says:
    January 29, 2014 at 3:48 pm
    Load Balancing was something I practiced when I had back to back dates planned.

  62. chicagofinance says:

    grim your content filter sux!

  63. chicagofinance says:

    I thought it was for sprm banks when a technician had to carry a big tray to the freezer without dropping it…..

    chicagofinance says:
    January 29, 2014 at 5:42 pm
    jj says: January 29, 2014 at 3:48 pm
    Load Balancing was something I practiced when I had back to back dates planned.

  64. Njescapee says:

    Grim, have fun in the Keys. We’re going back up to Ft Lauderdale on Saturday.

  65. Juice Box says:

    I have been to one or two of these meetings, the pics now make it look like a “meetup” and they won’t even need bridge-gate if they keep calling his staff Capos. Like I said too much press for Christie was a bad thing.

    Pics and check the latest NY Times writeup.

    http://www.nj.com/hudson/index.ssf/2014/01/harrison_mayor_on_the_governors_brother_what_do_i_care.html#incart_river_default

  66. Phoenix says:

    A little entertainment for the evening….

    http://www.youtube.com/watch?v=A1iXXKmq58g&app=desktop

  67. What’s this about Christie and an upper-decker?

  68. chicagofinance says:

    PITTSBURGH — An employee of a McDonald’s restaurant was charged Wednesday with selling heroin in Happy Meals to customers using the coded request, “I’d like to order a toy.”
    Allegheny County authorities made the arrest after an informant told them that an employee was selling the drug at a McDonald’s in the East Liberty section of the city.
    Customers looking for heroin were instructed to go through the drive-through window and say, “I’d like to order a toy,” said Mike Manko, spokesman for District Attorney Stephen A. Zappala Jr. The customer would then drive to the window, hand over the money and get a Happy Meal box containing heroin in exchange, Manko said.
    Undercover agents set up a drug buy and arrested Shania Dennis, 26, of East Pittsburgh. Dennis denied wrongdoing to reporters as she was being led away in handcuffs.
    Authorities said they found 10 bags of heroin in a Happy Meal box and recovered another 50 bags from the suspect.
    Another McDonald’s employee was arrested this month for selling heroin out of a restaurant in nearby Murrysville.
    Authorities said the heroin recovered Wednesday does not appear to be related to the fentanyl-laced heroin blamed for 22 overdose deaths in southwestern Pennsylvania.

  69. Libturd in the City says:

    Same scheme as the GSP changemakers. Just a different location.

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