April foreclosure highlights

From the WSJ/Corelogic:

CoreLogic Reports 46,000 Completed Foreclosures in April

Highlights as of April 2014:

— Every state, excluding New York and the District of Columbia, posted double-digit year-over-year declines in foreclosures.

— Thirty-seven states show declines in year-over-year foreclosure inventory of greater than 30 percent with Arizona, Utah, Minnesota and California and experiencing declines greater than 50 percent.

— The five states with the highest number of completed foreclosures for the 12 months ending in April 2014 were: Florida (121,000), Michigan (46,000), Texas (38,000), California (33,000) and Georgia (32,000).These five states account for almost half of all completed foreclosures nationally.

— The five states (including the District of Columbia) with the lowest number of completed foreclosures for the 12 months ending in April 2014 were: the District of Columbia (68), North Dakota (352), West Virginia (517), Wyoming (718) and Alaska (844).

— The five states with the highest foreclosure inventory as a percentage of all mortgaged homes were: New Jersey (6.0 percent), Florida (5.4 percent), New York (4.6 percent), Hawaii (3.1 percent) and Maine (3.0 percent).

— The five states with the lowest foreclosure inventory as a percentage of all mortgaged homes were: Alaska (0.4 percent), Wyoming (0.4 percent), North Dakota (0.5 percent), Nebraska (0.5 percent) and Minnesota (0.5 percent).

This entry was posted in Foreclosures, National Real Estate. Bookmark the permalink.

115 Responses to April foreclosure highlights

  1. jj says:

    first!

  2. Essex says:

    Second

  3. jj says:

    Essex being second to me is still pretty good.

  4. chicagofinance says:

    To reiterate, since you seem to have reading comprehension issues, it is the exact SAME service…..one cheap with knockoff labor and the other using local kids……same machines, just different people toweling off the car and wet vacuuming the inside…..car comes out the same……only difference is price……

    Michael says:
    May 30, 2014 at 7:36 am
    You go to 6-8 dollar car washes? If you do, you definitely don’t care about your car. With those car washes, you are paying to damage your car.

    chicagofinance says:
    May 30, 2014 at 12:03 am
    Rags: that guy is trolling us right? He can’t possibly be this stupid……I am almost certain it must be Pat……

    Ragnar says:
    May 29, 2014 at 8:58 pm
    Chifi,
    JJ would pay the 16 bucks if the car washers were all hot girls who also gave free knob polishes.

  5. AG says:

    the Russians used a defense in depth strategy to defend the Kursk salient in WW2. I recommend the same strategy for defending the jersey shore against the degenerates I saw here last weekend. The Driscoll bridge to exit 80 should be fortified in depth with interlocking fields of artillery fire along the way south.

    It takes a special kind of dirt bag to leave trash on the beach. Tax money well spent.

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

    [3] JJ

    “Essex being second to me is still pretty good.”

    Sounds kinda sloppy to me.

  7. grim says:

    You guys can afford to pay someone $70-100 a cut to mow your lawn?

    Jesus, I’m out of my league. My lawn generally needs to be cut every 5 days, which would be an astronomical sum – $2,500 a season?

    I’ve seen some beautiful 36-42″ double blade commercial walk behinds, lightly used, which would easily be a 1-2 year payback. Those commercial machines would easily last 20 years in a residential.

    Takes me about 90 minutes to cut and edge my .35 acres.

  8. Michael says:

    Michael says:
    May 30, 2014 at 9:14 am
    You are spot on with the lawn. I told you how much I spend on equipment. Going to take a very long time to recover those costs. It is honestly cheaper to just hire someone. I’m a freak when it comes to my lawn, so I want to do it myself. I don’t trust the landscape crew to do it to the standard that I want.

    Comrade Nom Deplume, a.k.a. Captain Justice says:
    May 30, 2014 at 9:03 am
    [172] condo,

    I would probably save a lot more.

    But as it stands right now, I don’t mow my lawn as it isn’t cost effective. The best quote I got for my massive yard was $70 per cut. And I would do it myself but I don’t have a ZTR mower that would allow me to do it myself (tractor styles are too slow) and it would take at least two years to recover the cost through private labor.

    That said, I will probably buy a ZTR for next season and ditch the lawn service. But I won’t get a snowblower and do my own driveway. It’s a very long driveway and I would need a decent machine. Based on what I spend now, it would take several years to recover that cost.

    Michael says:
    May 30, 2014 at 9:17 am
    Great choice on a standard walk behind mower. Best cut and most reliable by far. I have a superbagger to go with my ztr. I bag. I know the green movement is pushing to not bag, but I love the clean look of a bagged lawn.

    1987 Condo says:
    May 30, 2014 at 9:12 am
    My neighbor, 65+ takes about 90 minutes to move their .25 acre property, I have this “Personal pace” Toro mower, moves fast, I am in done in 20-25 minutes. (My edging is not the best!).

    Michael says:
    May 30, 2014 at 9:19 am
    the superbagger is the toro bagging mower. The recycler is the mulching version.

  9. Michael says:

    Sorry, just posted that from yesterday’s board.

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

    [7] grim

    Once a week, two trucks pull up and four guys on ZTRs get off and peel around my lawn and my neighbor’s. I have easily over an acre of lawn area. Another two do trimming. They are done and gone in about 20 minutes.

    They work fast on fast machines, schedule their visits in areas for efficiency, and realize the benefits of having 2 or 3 contiguous properties. Those savings get passed on in part as every other estimate I got was over $100 per cut.

    Now, if you can point me to someone selling commercial grade machines for short money, I’m interested.

  11. grim says:

    There is an nice condition dixon ztr with a diesel engine – 52″ on Craigslist for $1750.

  12. Geezus, is this the NJ lawn equipment blog?

  13. The Original NJ ExPat says:

    [7] I have a friend at work who takes a lot of pride in his lawn. John Deere tractor, of course, but wired for satellite radio with noise cancelling headphones. I asked him if he has one of those helmets with cup-holders for two beers. He said he has just a single bottle/can holder, but he has a small fridge in the garage mounted at a height that he can drive into the garage and get another cold one without even getting off the tractor.

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

    [11] Grim,

    Thanks. Emailed the seller.

  15. Michael says:

    Ok I get it, but in reality, the cheaper the car wash, the crappier the job. I’m not kidding when I say they damage your car.

    I told you already, if they are the same service, I am going to go with the cheaper obviously. How many times is that actually the case. It’s like hiring a plumber, you get the cheap guy, cross your fingers, and do the sign of the cross. This guy might damage your home and end up costing you more money down the road.

    chicagofinance says:
    May 30, 2014 at 9:13 am
    To reiterate, since you seem to have reading comprehension issues, it is the exact SAME service…..one cheap with knockoff labor and the other using local kids……same machines, just different people toweling off the car and wet vacuuming the inside…..car comes out the same……only difference is price……

  16. Michael says:

    This is where you are wrong. The u.s. was not the only place experiencing a golden age.

    OECD members enjoyed real GDP growth rate averaging over 4% each year in the 1950s, and very near 5% a year in the 1960s, compared with 3% in the 1970s and 2% in the 1980s.[5]

    Skidelsky devotes ten pages of his 2009 book Keynes: The Return of the Master to a comparison of golden age to what he calls the Washington Consensus period, which he dates as spanning 1980–2009 (1973–1980 being a transitional period):[4]

    Metric Golden Age Washington Consensus
    Average global growth 4.8% 3.2%
    Average global inflation 3.9% 3.2%
    Unemployment (US) 4.8% 6.1%
    Unemployment (France) 1.2% 9.5%
    Unemployment (Germany) 3.1% 7.5%
    Unemployment (Great Britain) 1.6% 7.4%
    Skidelsky suggests the high global growth during the golden age was especially impressive as during that period Japan was the only major Asian economy enjoying high growth (Taiwan and Korea at the time being small economies)–it was not until later that the world had the exceptional growth of China raising the global average. Skidelsky also reports that inequality was generally decreasing during the golden age, whereas since the Washington Consensus was formed it has been increasing.

    Globally, the golden age was a time of unusual financial stability, with crises far less frequent and intense than before or after. Martin Wolf reports that between 1945–71 (27 years) the world saw only 38 financial crises, whereas from 1973–97 (24 years) there were 139.[6]”

    http://en.wikipedia.org/wiki/Post%E2%80%93World_War_II_economic_expansion

    Comrade Nom Deplume, a.k.a. Captain Justice says:
    May 30, 2014 at 8:40 am
    [166] Michael

    Golden Age? You mean that period when we were in wartime production for much of it, and for the periods when we weren’t at war, we had no meaningful international competition? That Golden Age?

  17. Bystander says:

    After owning for years, I have enjoyed watching my landlord cut and mulch in the heat while I sip my iced coffee. Hours later, the fresh cut grass smells very nice when I bring my lunch to the new, backyard picnic tables.

  18. Libturd in Union says:

    On lawn mowing. Sure I live on about 1/4 acre, plus I have a detached garage. The mow rate by me is $37. Mowing season is at best 30 mows long. That’s $1110. Bought my non-commercial grade Honda 10 years ago for $550. I pay $100 every two years to have it tuned and the blades sharpened. She starts first pull every time. On the highest speed, I can do the entire yard in 30 minutes, but it makes you sweat since you are essentially jogging. At mid speed, it takes about 40 minutes and it is much more pleasant. None of us need a commercial grade mower. Those are made to be run ten hours per day. Not two hours per week. Better off killing multiple residential models instead from a cost perspective.

    When I was twelve, I started my own lawn mowing service. Had about twenty properties and multiple other kids working for me. Most of the work (about 15 hours per week) was performed on a similar Honda self-propelled mower. My brother still uses that mower every week in Columbus Ohio.

    Why don’t I pay someone to mow my lawn, especially since I could charge it to the multi from a tax deduction standpoint? I actually enjoy the exercise. I own a ten year old Weedeater trimmer as well that I got for $79 at Ace Hardware. Here’s the craziest part though. I mixed the gas and oil for it ten years ago. Would you believe, I’m still using that same gas, though the gallon can is finally nearly empty. And yes, I did add Stabil to it. Now I have to somehow figure out what the mix was, though I’m pretty sure they are pretty standard for two strokes. Will probably go with 40:1. The truth is, I really want a straight shaft trimmer, but like my Civic, I can never part with such a reliable piece of power equipment. Most here will understand.

  19. The Original NJ ExPat says:

    I haven’t cut a lawn myself since about 1975. I’ve never had a lawn except for when we had about 1 acre on the North Shore of LI. I was billing about 50 hours a week and I could pay Schultzie the gardener and his small crew for the month with 1 hour of billing, so that was a no-brainer considering we only lived there for one year and I don’t own any lawn implements. My in-laws have 2 acres and they have an odd lawn crew that they probably overpay. A white couple in their 50’s, I saw them once last summer. They don’t move too fast and look like aging bikers right out of Sons of Anarchy which they probably are. My MIL told me that the wife told her that her husband also rebuilds Harleys and all his assets are gold bullion.

  20. anon (the good one) says:

    3rd time realtors called me this season asking to see my house. ‘have buyer very interested. would you pls let us take a tour?’ haven’t received these calls in the past and they seem to be from different agency. wonder if somebody sold my phone number to them

  21. Michael says:

    I would be very careful to go used when buying a ztr. 1750? That thing must be a piece of junk.

    Ztr are super expensive if you want the one’s that will actually last more than 3 years. The ztrs at home depot suck. The transmission will not last at all. The cut sucks. The blade rotation speed sucks. Commercial grade ztr’s have blade speeds of at least 18,000 rpm. This is really important. The fast the blade speed, the better the cut. It raises up the grass to provide a sick cut. You can’t get this with the cheaper crap.

    Walkers….forget about it. They will go for 15,000 or more. Golf course mowers go for like 40,000.

    grim says:
    May 30, 2014 at 9:31 am
    There is an nice condition dixon ztr with a diesel engine – 52″ on Craigslist for $1750.

  22. anon (20)-

    One can only hope that these are burglars. Maybe they will tie your hands so that you can’t retweet your usual inane drivel.

    “3rd time realtors called me this season asking to see my house. ‘have buyer very interested. would you pls let us take a tour?’ haven’t received these calls in the past and they seem to be from different agency. wonder if somebody sold my phone number to them”

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

    [16] michael,

    Are you high?

    This was your original question: “Rags, unions are bad for the economy, period, right? Well it’s funny that during our golden age of capitalism in the u.s., union membership was at its’ peak.”

    Now you are talking about postwar growth in Europe. And then saying I’m wrong because I asked you a question about your original question. How’s it “wrong”?

    Now take some Adderall and stick to one topic at a time.

  24. Michael says:

    Not sure if you care that much about your lawn, but you should definitely sharpen your blades more often. That is one of the most important factors in maintaining a premium lawn. Two years is way too long to wait.

    Libturd in Union says:
    May 30, 2014 at 9:47 am
    On lawn mowing. Sure I live on about 1/4 acre, plus I have a detached garage. The mow rate by me is $37. Mowing season is at best 30 mows long. That’s $1110. Bought my non-commercial grade Honda 10 years ago for $550. I pay $100 every two years to have it tuned and the blades sharpened. She starts first pull every time. On the highest speed, I can do the entire yard in 30 minutes, but it makes you sweat since you are essentially jogging. At mid speed, it takes about 40 minutes and it is much more pleasant. None of us need a commercial grade mower. Those are made to be run ten hours per day. Not two hours per week. Better off killing multiple residential models instead from a cost perspective.

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

    [21] Michael

    Dixon isn’t the best, no, but it is commercial grade and far less expensive than everything else out there. Hell, may be hot for all I know.

    Besides, I need it for speed and ease of maneuvering, not for blade speed. If it holds up and cuts, its a deal. I have more weeds than grass over large expanses of my “lawn” so all I need is something to keep it from looking like a hayfield.

  26. Fast Eddie says:

    – The five states with the highest foreclosure inventory as a percentage of all mortgaged homes were: New Jersey (6.0 percent), Florida (5.4 percent), New York (4.6 percent), Hawaii (3.1 percent) and Maine (3.0 percent).

    Lots of unqualified sellers in NJ, most still expecting a bailout at your expense. Sure, the vultures are fighting for the scraps in the urban areas but how long do the pretenders hold on in the “must have” towns before they capitulate?

    If you had to pay for a depressed asset for a decade or longer, what would you do? Insult to injury is that you’re paying interest on top of the debt. And after a decade when you can finally sell for what you paid, how much money have you really lost? Omg, how f.ucked are these people that overpaid and are writing the check every month?

  27. Libturd in Union says:

    Yup…40:1 on the mixture. Weed Eater still make the identical string trimmer though I can tell, looking the picture, that they’ve gone cheaper on the plastic parts. And the reviews show it.

    http://www.weedeater.com/us/products/trimmers/fl25c/

  28. Juice Box says:

    re: mowing. My 1/2 acre is $35. The guest workers show up on Thursday morning early in a van and begin working the entire neighborhood. We do have a few Forest Gumps who like to wake me up on Saturday morning with their riding mowers but most of my neighbors just pay the $35. The company that does the work does not even have an electronic billing system. They send hand written invoices. I assume to avoid an electronic paper trail that the IRS and the NJ Division of Taxation can trace. I gather they use a check cashing service like many small business do to avoid a paper trail of the cash they hand out to the guest workers. They are one of the largest landscapers around and I believe the owners head south to Florida after the season since they don’t do snow plowing at all. It is all there plain to see if the IRS or the NJ Division of Taxation or ICE wanted to do something about it all they would need to do is follow the signs posted everywhere for this company and their trucks that are all over the place.

  29. anon (the good one) says:

    @zerohedge: The Clippers will be renamed to the LA CTRL-ALT-DELETES

  30. joyce says:

    School district officials in Tulsa, Okla. have placed one of the district’s police officers on paid administrative leave because he fired his gun at a vehicle containing a pair of teenagers who were making out in a car.

    The shooting incident happened over the weekend in the parking lot of Eliot Elementary School, reports Tulsa Fox affiliate KOKI.

    The unidentified school cop fired at the back of the vehicle as the 17-year-old driver was fleeing the scene, according to the real Tulsa police detectives who later investigated the incident.

    http://news.yahoo.com/tough-guy-public-schools-cop-shoots-fleeing-kids-165027887.html

  31. Libturd in Union says:

    Michael…more than every two years is burning cash. I’m cutting tall fescue, not poplar. My lawn looks fine. If I needed to do it more often, I would do it myself. Sharpening tools and blades is a piece of cake. Learned how to do it in 7th grade wood shop.

  32. joyce says:

    Toddler critically burned during SWAT raid, stun grenade thrown in play-pen

    http://www.wsbtv.com/news/news/local/toddler-critically-burned-during-swat-raid/nf9SJ/

  33. jj says:

    Epilation of my lawn is done by professionals

  34. 1987 Condo says:

    Here is the other issue I have with paying someone to do your lawn, I feel you are subject to sub standard quality..they are coming to mow based on their schedule, I mow based on weather, prior to 3 days of rain for instance…they will cut wet lawn and often cut short to meet their schedule load…from previous thread I am using Toro Recycler, alternate bagging with mulching….

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

    As bad as the original tax breaks are, the Congressional response is worse:

    http://www.cnbc.com/id/101717719

  36. jj says:

    My lawn guy has a crazy bookeeping system. It is his wife and she is not good with numbers. So how it works the price he gives you to mow your lawn stays constant as his wife can’t handle price changes it mixes her up.

    I pay 25 a week to have my grass cut which is rate from when I finally broke down and hired lawn service for first time in 2006

    My neighbor across the street has a double plot, 100×125 and hired him in spring 1998 and still charges him the same $20 bucks. Four guys show up in a truck wth two mowers, weedwackers and blowers and takes them almost 40 minutes to do his plot. All for 20 bucks. Makes no sense at all.

  37. Painhrtz - Checking privildge, Yep don't have any! says:

    Finally waking up from last nights hangover

    do a little under 3/4 of an acre with a toro self propelled in 1.5 hours. Sucks especially since I worked with commercial stuff in college but owning a scag or a ride on for any thing less than an acre seems ridiculous.

  38. Libturd in Union says:

    “owning a scag or a ride on for any thing less than an acre seems ridiculous.”

    THIS.

  39. jcer says:

    37 Juice it’s the future….Italy… it’s where we are all headed!

  40. joyce says:

    37 / 40

    Shocked we don’t do that already. They say cocaine built Miami and most of southern Florida.

  41. Juice Box says:

    JCER – No doubt here in the USA we are still over a trillion in the hole from an output gap perspective. I am just wonder how far it will go, they just revised 1 quarter GDP down 1% per the news yesterday

    “In the first quarter of 2014, the demand for goods and services (actual GDP) was roughly $830 billion (about 4.6 percent) less than what the economy was capable of supplying (potential GDP). This large output gap, which is manifested in a high rate of unemployment and substantial idle productive capacity among businesses, is the legacy of the Great Recession.”

    My recession and correction prediction may come 1 qt of 2015 when the backward looking BEA numbers come in or they cook the books further and start filling the GDP stats with crack dealers and hoes.

    We are right on time for the next recession.

  42. joyce says:

    I wonder what it causing the prolonged poor economic progress… perhaps it’s the debt overhang. Thank goodness we didn’t liquidate it 6 years ago.

    “In the first quarter of 2014, the demand for goods and services (actual GDP) was roughly $830 billion (about 4.6 percent) less than what the economy was capable of supplying (potential GDP). This large output gap, which is manifested in a high rate of unemployment and substantial idle productive capacity among businesses, is the legacy of the Great Recession.”

  43. Grim says:

    All about cut width and bag capacity (or mulching quality).

    Biggest issue with residential mowers is you cant get one with a wider deck.

  44. Grim says:

    Ride ons are just stupid

  45. Michael says:

    Exactly!! Like I said, I’m a lawn freak, that’s why I do it myself. You know the saying, you want something done right, do it yourself.

    1987 Condo says:
    May 30, 2014 at 10:18 am
    Here is the other issue I have with paying someone to do your lawn, I feel you are subject to sub standard quality..they are coming to mow based on their schedule, I mow based on weather, prior to 3 days of rain for instance…they will cut wet lawn and often cut short to meet their schedule load…from previous thread I am using Toro Recycler, alternate bagging with mulching….

  46. Michael says:

    I’m a kbg guy. Tall fescue has come a long way with competing with kbg. They have some varieties that are able to achieve a very dark color similar to the darker kbg strands. You should over-seed at least every other year with tall fescue. I would do it every year.

    You very well may be able to get away with sharpening every two years, it’s impossible to know for sure without knowing your lawn. Just look at the tips of the blades of grass after cutting. If they are not a clean cut, and have some brown to it, you are harming your grass when you are cutting it.

    Libturd in Union says:
    May 30, 2014 at 10:06 am
    Michael…more than every two years is burning cash. I’m cutting tall fescue, not poplar. My lawn looks fine. If I needed to do it more often, I would do it myself. Sharpening tools and blades is a piece of cake. Learned how to do it in 7th grade wood shop.

  47. Michael says:

    You stated the following:

    “Golden Age? You mean that period when we were in wartime production for much of it, and for the periods when we weren’t at war, we had no meaningful international competition? That Golden Age?”

    I stated that you are wrong about this. The u.s. was not the only place experiencing a golden age. that is why i posted that data, to show you that you are wrong. Most developed countries were experiencing a golden age. So please stop spreading the myth that the u.s. became the factory of the world after WWII. It is not true at all. That myth has been passed around forever.

    Comrade Nom Deplume, a.k.a. Captain Justice says:
    May 30, 2014 at 9:56 am
    [16] michael,

    Are you high?

    This was your original question: “Rags, unions are bad for the economy, period, right? Well it’s funny that during our golden age of capitalism in the u.s., union membership was at its’ peak.”

    Now you are talking about postwar growth in Europe. And then saying I’m wrong because I asked you a question about your original question. How’s it “wrong”?

    Now take some Adderall and stick to one topic at a time.

  48. Fast Eddie says:

    Lawn talk… zzzzzzzzzz…. yawn…. ;)

  49. Juice Box says:

    re # 43 – Joyce the debt hangover from the housing bubble ain’t nothing.

    Fed’s new “term deposit program”, trash for cash part deux. Your savings for UST all in the name of keeping rates down. It will take about 3 trillion of FDIC core deposits to accomplish this.

  50. joyce says:

    Can you elaborate on that program, Juice? I’m not finding much about it via searching

  51. anon (the good one) says:

    so shameful. they fight wars for us and you don’t want to pay for their healthcare. ragnar doesn’t need anybody except that many give their life to protect his freedom

    @GuardianUS: Breaking: Obama announces Eric Shinseki has resigned over Veterans Affairs healthcare scandal http://t.co/12Ra9qEkiE

  52. joyce says:

    Is the interest paid from the FED to member banks for these term deposits greater than the interest on excess reserves?

  53. joyce says:

    Thanks.
    Love the last part “The Fed has intensified its planning for an eventual exit from its low interest rate policies, though most officials don’t expect it to actually start raising interest rates until 2015.” I can find countless articles saying ‘not expected to raise rates until next year’ going back to 2010.

  54. jj says:

    When I was single I would just push the mower to front lawn, put on my best wife beater tank tops and short shorts get a case of beer and lawn chair and wait for the ladies to help me mow the lawn. If they were lucky a free gun show and some of my best moves thrown in for a proper weed wacking.

  55. Juice Box says:

    Joyce – It is part of new Dodd Frank rules to prevent another taxpayer-funded bailout.

    FED Buys UST, banks give cash on hand to FED for UST, drain liquidity prevent excess lending and keep rates low.

    What could possibly go wrong?

    This time it will be a depositor funded bailout?

  56. Phoenix says:

    11 Grim,
    That’s not a real listing, that’s spam. Easy to spot that one is a fake. Good price for the machine if it was real, too good to be true.

  57. Ragnar says:

    I have a top of the line recycling Honda walk behind that I may give away to a njrereport non-troll, if they promise to put it to good use. Caveat is that I haven’t used for 3 yrs and didn’t store it right, so probably needs rehab. I tried mowing my lawn at my new house the first summer, but between rocks and hills, it was too dangerous and time consuming.

  58. Ragnar says:

    Grim as usual gets right of first refusal.

  59. Phoenix says:

    60 rags,
    I could use it, hope you don’t consider me a troll.

  60. Michael says:

    That’s why I said it’s probably a piece of junk at that price.

    Phoenix says:
    May 30, 2014 at 11:53 am
    11 Grim,
    That’s not a real listing, that’s spam. Easy to spot that one is a fake. Good price for the machine if it was real, too good to be true.

  61. Michael says:

    Nothing for nothing, but don’t trolls make things interesting. Would you rather have someone that just agrees with everything you say? Rags, you would prob love that. It’s prob hard to find people that agree with your atlas shrugged pt of view.

  62. Michael says:

    I’ll tell you what, it’s a sad time. Truth is, everyone including economists are basing their interpretation of the economy on false #s. How the hell can you figure out how to fix the problem when you are coming up with theories off of false data. This is crazy. France was in the hole for some insane #s with the false data covering it up. Even fat man christie has been doing the same thing. Sad.

    Juice Box says:
    May 30, 2014 at 10:44 am
    JCER – No doubt here in the USA we are still over a trillion in the hole from an output gap perspective. I am just wonder how far it will go, they just revised 1 quarter GDP down 1% per the news yesterday

    “In the first quarter of 2014, the demand for goods and services (actual GDP) was roughly $830 billion (about 4.6 percent) less than what the economy was capable of supplying (potential GDP). This large output gap, which is manifested in a high rate of unemployment and substantial idle productive capacity among businesses, is the legacy of the Great Recession.”

    My recession and correction prediction may come 1 qt of 2015 when the backward looking BEA numbers come in or they cook the books further and start filling the GDP stats with crack dealers and hoes.

    We are right on time for the next recession.

  63. Bystander says:

    Fast,

    I would have a lawn to cut but I can’t find a seller who does not have champagnes wishes and caviar dreams for their ikea infused shithole.

  64. Fast Eddie says:

    Bystander,

    Let ’em all fester in their own deluded st1nk. Keep renting if you have to and keep accumulating dry powder.

  65. Count DeMoney says:

    AG, relax and enjoy the few sunrises you got left.

    Here is AG and friend discussing the latest issues in NJ.

    http://youtu.be/thFq7qzE5fc

    AG says:
    May 30, 2014 at 9:17 am

    the Russians used a defense in depth strategy to defend the Kursk salient in WW2. I recommend the same strategy for defending the jersey shore against the degenerates I saw here last weekend. The Driscoll bridge to exit 80 should be fortified in depth with interlocking fields of artillery fire along the way south.

    It takes a special kind of dirt bag to leave trash on the beach. Tax money well spent.

  66. jj says:

    I found the perfect place for our next GTG, it is in New Jersey and I think this will be a great place to meet up.

    http://www.rollplaylounge.com/products.php?product=Old-School-Sex-party-Atlantic-City-NJ

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

    [48] michael

    Oy. You are giving me a headache. Let’s try this again and slowly so you can follow along.

    ““Golden Age? You mean that period when we were in wartime production for much of it, and for the periods when we weren’t at war, we had no meaningful international competition? That Golden Age?”

    I stated that you are wrong about this. The u.s. was not the only place experiencing a golden age. that is why i posted that data, to show you that you are wrong. Most developed countries were experiencing a golden age. So please stop spreading the myth that the u.s. became the factory of the world after WWII. It is not true at all. That myth has been passed around forever.”

    Okay, first, I asked a question. Rhetorical perhaps but a question. Since when are questions wrong or right?

    Second, were we or were we not in wartime production in the 40’s, 50’s and 60’s? I submit that we were.

    Third, were other OECD countries meaningful competitors during that period? I submit that they were not. While they were experiencing growth (as were we), they were not producing for widespread export to the US. In fact, I submit that our balance of trade with them was positive! Further, how much of that growth was attributable to rebuilding the postwar Europe and Asia? Or is that excluded from the figures?

    Fourth, I did not state that the US was the factory for the world after WWII although ours was the dominant standing economy. Unless you can produce a witness (other than anon or ottoman–I don’t regard them as credible) who will swear that I said what you say I did, retract the statement.

    I parse words and arguments for a living son and I know a bullsh1t attempt at misdirection when I see one. You haven’t proved me wrong by misrepresenting my question (or statement if you prefer), and if anyone was taken in by that maladroit attempt at rhetorical sleight of hand, well, I’d say that they are living proof that the Peter Principle is highly elastic.

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

    [59] ragnar,

    If selected, I promise to not only put it to good use but to give it the tender, loving care you would expect. And I will even drive to you, which is saying something.

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

    [58] phoenix,

    I did follow up but heard nothing. No risk in inquiring. I agree that the price is too good to be true which is why I suspect it is stolen. Or it is a fake post to get you to show up with cash and get jacked up.

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

    [58] phoenix

    In further support of your position:

    http://www.tractorhouse.com/listingsdetail/detail.aspx?OHID=7935575

  71. Michael says:

    Based on your question, I assumed you were one of these people that naively think that the only factories building stuff in the world after wwII were in the U.S., which is completely false. You are telling me that people in other countries were not working producing anything? I wish, but clearly not the truth.

    Second, were we or were we not in wartime production in the 40′s, 50′s and 60′s? I submit that we were.

  72. Anon E. Moose says:

    Can I be the only one thinking its gotten quite crowded under Obama’s bus?

  73. Juice Box says:

    re 3 76 – They had it on file and ready to go for Shinseki. There is an unwritten tradition in Washington DC that cabinet secretaries all submit pro forma letters of resignation at the end of a first term.

  74. Anon E. Moose says:

    Michael [63];

    Nothing for nothing, but don’t trolls make things interesting. Would you rather have someone that just agrees with everything you say? Rags, you would prob love that. It’s prob hard to find people that agree with your atlas shrugged pt of view.

    What I’d really rather have is a thoughtful adversary who displays some modicum of life experience and appreciation of basic human nature in crafting social policy; who doesn’t merely reguritate OFA and Daily Kos talking points, or string unrealted phrases together with a sprinkling of Democratic Underground zingers for spice, like some HS sophmore debate club reject.

    You argue politics like a pigeon plays chess.

  75. Juice Box says:

    Moose Pigeon Crawl?

  76. Anon E. Moose says:

    Juice [79];

    I had to UrbanDictionary that one. Wish I hadn’t.

  77. Juice Box says:

    Yeah you fell for it. I can be a troll too. :)

  78. Fast Eddie says:

    Jay Carney resigns, too? Can Boko Obama announce his resignation and make it a trifecta?

  79. Fast Eddie says:

    “Fast food CEO: Minimum wage hikes closing locations”

    http://finance.yahoo.com/news/fast-food-ceo-minimum-wage-172542952.html

  80. Michael says:

    78- moose, I feel the same way with some of you. Everyone takes a position based on their own self preservation plight. They really are not open minded. For example, Ragner. It’s been proven in u.s. history that during the gilded age we tried capitalism without restrictions. Look how it turned out. So why do you cling to this position that super wealth is good for everyone. If that’s the case, why did we break up standard oil into a thousand companies. Do you even know history? You do know that Rockefeller had such dominant control and so much capital in his war chest, that other business men who busted their butt, were taken out by him. How? He would lower the price to below cost, he knew his competition didn’t have this kind of capital in their war chest, hence, he would take them out of business. As soon as he took them out, he raised the prices to crazy levels. Keep wishing for this type of business environment you fools. You call me the idiot? Here’s a little tip, don’t throw rocks when you live in a glass house.

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

    I just read something even more illogical than certain posts submitted today.

    Progressive commentator said that Christie lied about Bridgegate. Try to follow his logic.

    The bridge closings occurred in 2013 and were reported on in 2013.

    Jan. 8th, the media shows the famous emails. Christie denied that he knew about this.
    Jan. 9th, Christie holds that really long presser.

    The commenter says that Christie lied about being aware of the bridge issue because he knew about the issue the day before he gave his Jan 9th press conference on the issue.

    Not that he knew what was going to happen. Not that he knew shortly thereafter and said nothing. No. The progressive says Christie lied because he denied knowing about an issue after he was asked about it the day prior and issued a statement. Ergo, by that point he had to have known about the issue so any statement denying he knew what was going on was false because he was at least told by the media after the fact.

    Now, I am not going to go back and parse what Christie said (as in, did he say “I knew nothing” or “I know nothing”) but it strikes me that no matter how you feel about the Big Man, it’s rather idiotic to suggest that when someone is told of a situation and comes forward to say “I wasn’t involved, I knew nothing”, you can then argue that the denial is a lie because he learned about the issue just before he denied knowing about it.

    This guy must have gone to the Michael School of Communication

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

    [84] eddie,

    (Michael, Ottoman, and anon, I got this):

    That CEO is unamerican, unpatriotic, a traitor, and should be forced to publicly recant his statements (whether or not true), otherwise he is a racist and sexist elitist.

  83. toomuchchange says:

    Jersey City’s new mayor Steve Fulop seems to be imitating New York City’s new mayor. I prefer local politicians that aren’t idealogues who assume you agree with them and want everything that they want:

    From the email I received today from stevefulop.com:

    “As Mayor, I realize now more than ever that having partners at every level of government is crucial to our success as a city. The best example is the Jersey City budget. While our administration and the City Council worked for a tax decrease, the county freeholders proposed a tax increase on our City. For that reason we must change who represents us on the Freeholder board and get elected representatives that put the public first.

    That’s why we need to elect Gerard Balmir freeholder.

    We need elected officials who will represent our City with an agenda that is progressive and accountable. Gerry is a leader for progressive issues, an advocate for job creation, and a vocal voice for change.”

    One reason County taxes for Jersey City may go up is that Jersey City keeps giving tax abatements (that go to the City alone, $0 goes to County, $0 to schools). But more to the point, it seems that Jersey City has an official political agenda and it is now a Progressive Democrat city. I wonder if Jersey City will start enforcing “purity tests” for their hirees like they did over in New York?

    From the New York Times a few months ago:

    De Blasio Picks More Liberal Activists Than Managers for City Posts

    “Aides say Mr. de Blasio works backward in his hiring process, starting by identifying a candidate who shares his political philosophy or views on policy, and then figuring out how the person could fit into his administration.”

    “But some observers warn of an echo chamber, since almost no one in the city’s new political hierarchy seems poised to challenge Mr. de Blasio’s policies publicly.

    “What’s striking is not who he’s surrounding himself with; it’s the absence of any counterweight to it,” said Fred Siegel, a senior fellow at the Manhattan Institute and a scholar in residence at St. Francis College.”

    “Some who support Mr. de Blasio’s aspirations express concerns about his ability to fulfill them.

    “He gives people who are part of the have-nots hope,” said Hollie Jones, a professor at Medgar Evers College, who said she was inspired by the mayor’s push for income equality.

    “However, right now, it’s a lot of talk. That’s potentially dangerous. He’s going to leave a large group of people disappointed who have already been disenfranchised.”

    http://www.nytimes.com/2014/03/01/nyregion/de-blasio-picks-more-liberal-activists-than-managers-for-city-posts.html?_r=0

    There are a lot of lower income people in Jersey City today who will not be here in 10 years. Not only that, a lot of middle income people will be gone too. There will be dozens more new apartment towers that are taller than Manhattan office buildings though.

    It’s very funny how these “Progressive Democrats” minds work. They will do all they can to “help” their city’s people by doing all they can to make it impossible for them to live there anymore.

  84. Michael says:

    84- debate me on this. Let’s say a CEO gets paid 200 times his avg employees salary. It’s more than 200 times, but we will use 200 times to keep it simple.

    1. How can you justify 200 times the avg employee salary? That means it will take that employee 200 years to make what that CEO made in one year.

    2. Now do that for 10 years, and it will take that employee 2,000 years to make what that CEO made in 10 years.

    3. Is it making sense yet?

    4. This is not mathematically sustainable.

    5. So why do you see nothing wrong with this.

    6. There is no way you can justify a CEO making in one year what a worker will take 200 years to make. That’s 2 lifetimes of 100 years of working, not including the developmental stage of a human in their childhood. That’s 200 years of straight work.

    7. Now do you understand why I think you guys are sick for supporting this, it totally goes against logic.

  85. Michael says:

    85- Nom, you really believe Christie’s aides shutdown the gwb without his knowledge. You can’t be serious?

  86. Michael says:

    88- ESP, when ceo’s run a company into the ground and still gets compensated. Explain that, based on your philosophies of bringing value to the company. Such bs.

  87. Juice Box says:

    re# 89 Michael – More like plausible deniability, that is what campaign managers and other handlers are for.

  88. Michael says:

    Ok

    “If the federal minimum hourly pay shoots up to $10.10 from the current $7.25-as many lawmakers and President Barack Obama are advocating-Puzder predicts fewer entry-level jobs will be created. If this happens, CKE would also create fewer positions, he forecast.”

    This says otherwise.

    “Summary: Reviews the past two decades of research on the impact of minimum wage increases on employment: this study concludes that the weight of the evidence points to little or no effect of minimum wage increases on job growth. The study also finds that a review of the minimum wage literature commonly cited by minimum wage opponents is flawed because it is subjective, relies in large part on studies of wage increases in foreign countries, and fails to consider the most sophisticated and recent minimum wage studies.

    Paul Krugman, Princeton University, February 2013: “Now, you might argue that even if the current minimum wage seems low, raising it would cost jobs. But there’s evidence on that question — lots and lots of evidence, because the minimum wage is one of the most studied issues in all of economics. U.S. experience, it turns out, offers many ‘natural experiments’ here, in which one state raises its minimum wage while others do not. And while there are dissenters, as there always are, the great preponderance of the evidence from these natural experiments points to little if any negative effect of minimum wage increases on employment.” (Source)

    Bloomberg News, April 2012: “[A] wave of new economic research is disproving those arguments about job losses and youth employment. Previous studies tended not to control for regional economic trends that were already affecting employment levels, such as a manufacturing-dependent state that was shedding jobs. The new research looks at micro-level employment patterns for a more accurate employment picture. The studies find minimum-wage increases even provide an economic boost, albeit a small one, as strapped workers immediately spend their raises.” (Source)”

    http://www.raisetheminimumwage.com/pages/job-loss

    So who is right? Both sides will hold tight due to their self preservation position.

  89. jj says:

    Whe I worked big four we were told the Partners made 10x the folk doing the work. When asked why dont we raise the folks doing the actual work salaries and lower the property salaries the answer was they could not afford to do that.

    The theory was 90% of folks will work for lower salaries as they see the Partner in the New BMW who belongs to the Country Club and has a fancy house. They hope to one day be him. Of course the vast majority burn out or never reach it but they have hope.

    So if we lowered the Partner salaries in which only 5% of workers are partners we would have to spread that money out over 95% of the folks and it would only be a few thousand at most each and all their hopes would be gone and they would quit.

    Cheaper to have a few highly paid folks on top than pay the masses.

  90. anon (the good one) says:

    ragnar is a right wing Fundamentalist. would a conversation with the Taliban change their views? Fundamentalists have no interest in humanity except for other fundamentalist like themselves

    Michael says:

    May 30, 2014 at 3:46 pm
    78- moose, I feel the same way with some of you. Everyone takes a position based on their own self preservation plight. They really are not open minded. For example, Ragner.

  91. Juice Box says:

    re: # 95 – Anon would a conversation with the Taliban change your views?
    I will book you a flight to Peshawar, let us know how things are going over there.

    Here are some of the things you can do while you are there.

    Spend a day bartering in Qissa Khawani Bazaar, one of the oldest markets in the world
    Walk through the Old City and marvel at the surrounding buildings some of which date back over thousands of years
    Visit the elegant splendour of the Peshawar Museum and its richly rewarding displays
    Get you head looped off with a sickle by the Taliban after you are used in a hostage video
    Tour the undulating curves of the Bala Hisar Fort’s perimeter. Visit the small museum inside and also enjoy great panoramic views of Peshawar and the whole Peshawar valley
    Spend the day with your family at the Karnal Sher Khan Stadium with its amusement park rides and souvenirs

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

    Ha, Phoenix called it. Check out the response I got.

    “Hi [nom]

    The mower is in excellent shape and has only 346 hours on it, is a 2007 model. It has a v-twin, liquid cooled Yanmar vertical shaft diesel engine. I’m not sure of the engine horsepower, but it has plenty of power and torque to run the 52″ side discharge deck. This is a heavy duty commercial mower that runs great, mows great, and is ready to eat a lot of grass. We just put a brand new battery in it. It’s a high quality piece of equipment!
    I’m asking $1750 on it. The reason we are selling it is because we just moved to Benton, Arkansas into a new apartment and we have to sell some of our stuff. Anyway we don’t have a use for it anymore.

    We would like to do this transaction through eBay, through their buyer and seller protection program. Their program protects both buyer and seller and it’s the right way to do this. You will have 5 days to test the machine and decide if you’ll keep it or not.
    If you have the funds available and you’re ready to buy, I will need your name and address to register the transaction and after that eBay will contact you with the purchasing procedure and payment instructions”

    There is so much about this that reeks, I don’t know where to begin. Absolutely a scam.

  93. Hughesrep says:

    82

    Boko?

    You are just an idiot.

  94. grim says:

    Geez almost got someone scammed!

  95. anon (the good one) says:

    AFP By Peter Harmsen May 29, 2014 11:06 AM

    Gothenburg (Sweden) (AFP) – Robert Nilsson, a 25-year-old mechanic in Sweden’s second city Gothenburg, may be the harbinger of a future where people work less and still enjoy a high standard of living.

    He gets out of bed at the same time as everyone else, but instead of rushing to work, he takes it easy, goes for a jog, enjoys his breakfast, and doesn’t arrive at his Toyota workshop until noon, only to punch out again at 6:00 pm.

    “My friends hate me. Most of them think because I work six hours, I shouldn’t be paid for eight,” Nilsson said, talking while fitting part of a rear window onto a Toyota Prius with swift, expert moves.

    In an international productivity ranking by the Conference Board, a non-profit business research organisation, Sweden was already placed close to the top, coming 11th out of 61 countries.

    Now, the Social Democrat-led city government in Gothenburg is planning to test the impact of shorter hours on productivity, in an experiment beginning on July 1.”

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

    [99] grim

    Not hardly. It reminds me of a scam that someone tried to put over on me and my bank when I was working as a trust company banker in Boston. The scammer came in through Eaton Vance investment management and was passed off as an acquaintance of the fund manager and potential customer. But she kept trying to set up foreign funds transfers against assets that never seems to materialize. Once, when I called her at her “office”, I could hear a television and children in the background. After she made a few attempts, and was rebuffed, we called the investment manager who said that he really didn’t know her, that she came in through another acquaintance.

    I don’t know if an SAR was ever filed on her but there should have been one.

  97. Phoenix says:

    Nom, the email is the first tipoff. You can just click the link to reply, there is no need for an email if they have entered it into the system. Sometimes they are just fishing for emails or phone numbers, you can just use a drop email instead of your good one.
    I was not worried about you. You are too smart to be scammed.

  98. Phoenix says:

    Today had new central air unit installed. Went to register unit and could not set date on May 30, kept defaulting to April 30. Wonder if they are trying to delay the warranty entry…
    Installers said R22 prices are climbing. I remember years ago going to a warehouse on a job and seeing hundreds of cylinders of R12. Owners bought it as an investment.
    Wonder if the same thing is happening with R22.

  99. The Original NJ ExPat, cusp of doom says:

    I think the last time I saw R12 in significant supply was at Costco in Clifton, NJ in the mid 90’s. It was probably just about the end because tanks (the ones that looked like propane tanks) were going for about $117, which prompted me to think, “What the hell?”. I just found the following on eBay. 5 little cans of r12, currently at $162.50 with 10 bids so far: http://www.ebay.com/itm/5-CANS-DUPONT-IG-LO-USA-R-12-REFRIGERANT-A-C-FREON12-NOS-MINT-CANS-/201096276521?pt=Motors_Car_Truck_Parts_Accessories&hash=item2ed245aa29

  100. Phoenix says:

    For Joyce:
    Cleveland patrol officer Michael Brelo stood on the hood of the suspect’s car and fired at least 15 shots through the windshield — five fatal — at the two unarmed people inside.

    Guess he had a 15 round clip in his gun, the type NJ wants to ban.
    They should not ban them, what if there comes a day you need to shoot someone 15 times thru the windshield while standing on the hood? What tool would you use?

    http://abcnews.go.com/US/wireStory/cleveland-police-officers-indicted-large-chase-23935859

  101. Phoenix says:

    Reread the story, this happened in 2012, the case is in court now.

  102. Michael says:

    UK to count prostitution, drugs when measuring GDP

    LONDON (AP) — Britain is putting a price on vice.

    Prostitution and the import, manufacture and consumption of illegal drugs like crack cocaine and heroin will be included in the official estimates of the country’s economy, the national statistics agency said Friday.

  103. Michael says:

    107- wtf? Like I said yesterday, how can you solve economic problems on cooked stats. It’s obvious they are cooking the books.

  104. Michael says:

    107- it’s no different than me going to the bank and including my drug business in the #s so that I can get a bigger loan. Wtf?

  105. Fast Eddie says:

    it’s no different than me going to the bank and including my drug business in the #s so that I can get a bigger loan. Wtf?

    This is basically what the housing syndicate did from around 2000 to 2008. A sea of bagholder junkies are left in its path.

  106. Fast Eddie says:

    $739,000 is the asking price and claims to have “beautiful landscaped property” yet I see gaps in the lawn from the pictures. And for 739K, I’m not allowed to see the box-sized bedrooms because I can tell you from the front photo, they are box-sized. 739 f.cuking thousand dollars:

    http://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=1420020&dayssince=&countysearch=false

  107. Michael says:

    Arkansas and apartments….two red flags

    No way in hell someone living in an apartment in Arkansas can afford to own a commercial zero turn.

    “I’m asking $1750 on it. The reason we are selling it is because we just moved to Benton, Arkansas into a new apartment and we have to sell some of our stuff. Anyway we don’t have a use for it anymore.”

  108. Michael says:

    Lmao…true story

    Fast Eddie says:
    May 31, 2014 at 7:48 am
    it’s no different than me going to the bank and including my drug business in the #s so that I can get a bigger loan. Wtf?

    This is basically what the housing syndicate did from around 2000 to 2008. A sea of bagholder junkies are left in its path.

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