Where could they all be hiding?

From NPR:

Sluggish Housing Market A Product Of Millions Of ‘Missing Households’

A year ago, the housing market looked like it was finally recovering. Sales and prices were picking up. But then home sales fizzled. Currently, they are down about 7 percent from last spring.

A big part of why housing remains so stunted is that there are more than 2 million “missing households” in the U.S. That’s how economists describe the fact that fewer people are striking out on their own to find places to live.

Instead of renting an apartment or buying a home, a large number of Americans in their 20s and early 30s are living with family or tripling up with roommates. That’s because younger Americans are having an especially tough time since the recession.

“We would love to buy a house right now, but we just don’t have anything saved currently,” says 26-year-old Marissa Szabo.

Szabo works in Boston at the Office of the State Auditor. At lunch, she sits outside Massachusetts’ grand State House, with its big golden dome. But in the evening, she crams into an apartment she’s renting with several roommates who are also in their 20s.

“At the most, I’ve had five [roommates]. I currently have three,” Szabo says. “I’ve never been able to consider getting a place by myself just because of how high the rent is.”

The high cost of renting is one of the things that have made life tougher for Szabo and other millennials.

Szabo is ready to settle down and move in with her boyfriend. He is 28 years old and they are talking about getting married and having kids. They feel like they are done with the roommate stage of life.

“We’re starting our lives together,” Szabo says. “We wanted it to be together and not together plus eight or three or however many.”

But high rents, combined with student debt and stagnant wages, have made it very tough for young people to save money for a down payment to buy a house.

So, like other millennials, they turned to their friends and family. Szabo and her boyfriend have decided to move in with her mother, who has an extra bedroom. That will let them save up for a down payment to buy a house in a year or two.

“My mom has been so awesome and supportive about it,” Szabo says. “She doesn’t want rent or anything like that. We’ll help with utilities and we’ll do some repairs around the house for her.”

In the past few years, economists have said millennials who live with parents or roommates represent pent-up demand. They argue that soon these young people will move out and become first-time homebuyers. This, in turn, creates more jobs and helps the whole economy.

The only problem with this scenario: It hasn’t actually happened yet.

This entry was posted in Demographics, Economics, Housing Recovery. Bookmark the permalink.

97 Responses to Where could they all be hiding?

  1. funnelcloud says:

    first good morning NJ

  2. No homebuying for millenials. All they have is student debt and crummy incomes.

    They will adapt well to wandering the country in armed packs and sleeping in the open.

  3. Juice Box says:

    Their best bet is to throw momma from the train.

  4. phoenix says:

    The best investment a millenial can make is life insurance on their parents. With Obamacare in place, the chance of a payoff increased.

  5. HouseWhineWine says:

    The millennials literally aren’t buying into the notion that having a mortgage debt hanging over their head for 15 or 30 years is worth it. They lose flexibility, mobility, and don’t have interest in spending their weekends mowing and maintaining a house. They have seen the housing market and job market go bust as they came into adulthood.
    Those that want the house and the trappings are waiting until they feel everything in their lives are stable…could be a very long wait. I am talking 30 + year olds saying that they just aren’t ready yet. They want to have all their ducks in order. Yeah, good luck with that.

  6. Essex says:

    Mils have a great future in human trafficking.

  7. phoenix says:

    What was REALLY on these drives that made them go “poof?”
    Methinks T-party stuff not the real dirt, something else would have been exposed.
    Have not trusted a “tax-exempt” business since the 80’s when my union used to “suggest” giving to the United Way.
    Now I look at Charity Navigator and see just how much these people make from free things given to them.
    Charity my a**.
    All of my charity now is personal where I see direct benefit thru my own eyes.
    Except for the charity my govt taxes out of my paycheck that I am completely powerless to do anything about. Nothing I can do about that.

    Lerner headed the IRS division that processed applications for tax-exempt status.

    GOP fury after report claims IRS ‘recycled’ Lerner hard drive
    http://www.foxnews.com/politics/2014/06/19/gop-fury-after-report-claims-irs-recycled-lerner-hard-drive/

  8. anon (the good one) says:

    why do you hate the poor so much?

  9. Michael says:

    This is not going to harm the housing market. All it’s going to do it make this generation an even bigger sucker by being a renter for life. I don’t even want to know the effect on their retirement when they have no house equity to live off of.

  10. Michael says:

    9- These people have to live somewhere, and I doubt they want to be over 30 living at home like a loser. So they will rent. This will cause rent to keep going higher, making it lucrative for investors to buy in, and make money off of these people. House prices won’t go down, investors won’t allow it. It’s a landlord’s dream market baby.

  11. Michael says:

    Also, think people at the top realized that high home ownership rate is bad news for rental market, and overall housing market. Why else would you have all these articles pushing the idea of renting over owning. It’s like comforting the idiot into making a lifelong mistake.

  12. phoenix says:

    8 anon,
    No hatred against the poor. In 7, I am talking about the ratio between money donated vs product delivered to the end user (aka poor).
    Way too much gets siphoned off in the middle.
    I donate, just eliminate the middle man.
    Here is just one example, and why I check before donating.
    Great Jingle, hear it on the radio all the time. My car was donated elsewhere.
    http://www.startribune.com/local/136191368.html

  13. Michael says:

    Coming from the horses mouth itself, and now the elitist is crazy. I guess henry ford, one of the most innovative businessmen in history was crazy too.

    Street Justice says:
    June 18, 2014 at 9:49 pm
    I think Bill Gross is slowly losing his marbles. What the fcuk wold a rich elitist like him know about income inequality?

    ccb223 says:
    June 18, 2014 at 3:05 pm
    Wanted to drop this little nugget in here…from the horse’s mouth:

    http://finance.yahoo.com/blogs/daily-ticker/pimco-s-gross–income-inequality-a-risk-to-capitalism-as-we-know-it-161436850.html

  14. phoenix says:

    10. Michael.
    I agree and disagree with you on some points.
    Housing would be good for them, but only if it is EFFICIENT.
    These baby boomers built houses the size of their a***es.
    Game rooms, Man Caves, etc.
    More and more sq ft. More to heat, more to tax, more to side, more to roof, more for windows, more for paint, more for electricity, more for TAXES.
    Then gramps wants to suck you dry for a house he has not put a dime into since Eisenhower was president.
    Your contractor squawks ” It’s only an estimate, depending on what I find you may need some KY to insert my bill. And you are responsible for your own permits.”
    Fast Eddie has logic behind him. He knows, just like JJ says, buying a house it is like buying into the stock market , but ALL IN ON ONE DAY.
    Just like the stock market, there are smart ones and suckers, and if you don’t do it right on that day it can take a LONG time to get anything back.
    Listen to the stories about Roxbury and the dump. Christie kicked them down then stomped on them. He made a decision and they will live with it whether they like it or not. I would bet no homeowner there will ever buy a house close to a dump again, even if it is closed or capped. I have smelled that dump from the Roxbury mall and I would not want to live near it.

  15. Michael says:

    14- I totally understand that. You can’t buy at the wrong time or wrong location.

    That’s why I think it’s a good time to buy now. You can’t wait till the times are good, then it’s over, you can’t buy. That’s when you should be selling. The best time to buy is when other’s can’t.

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

    Phoenix,

    Do not feed the trolls.

    As for Lerner and the “recycled” hard drive, I predict that this will go down as Obama’s 18 1/2 minutes. And yes, I am dating myself here.

  17. JJ says:

    Kids are in Brooklyn, Long Island City, Manhattan, Hoboken, Jersey City and Long Beach NY. And mainly buying coops and condos or renting.

    Couples at work are not buying a house till second kid is born. And only then if they make under 400K a year and cant afford city.

    Folks with locked in rent stabalized apts are leaving feet first

  18. Fast Eddie says:

    Michael,

    That’s why I think it’s a good time to buy now.

    Really? It’s always a good time to buy and sell. Right? You should be a realtor. Monday morning quarterbacks are never wrong.

    An entry level, piece of sh1t house in a so-so town will cost 350K. That’s $70,000 in down payment. You need to double that number to account for reserves and expenditures and say a Novena that every penny you have isn’t sucked from your hands due to “unexpected” circumstances.

    And now you have a kid on the way? Wait! Whadda you mean the inspector didn’t find the rotting sheathing under the roofing material? It’s because if isn’t blatantly obvious, he’s not going to say a word because he wants his services to be used again. Catch my drift?

    Remember the plankton theory discussed on this board a zillion times? The housing dynamics in this area are completely and thoroughly f.ucked for the next generation.

  19. Ragnar says:

    The IRS is the gestapo of our fascist state. They are the arm of government where you are guilty until proven innocent, and have wide ranging powers with minimal constraints. Thus Obamacare uses the IRS as enforcement arm and the means of sneaking the power grab past the constitution.

  20. Libturd in Union says:

    Got a laugh out of the latest MontKlair Watercooler entry.
    “and our kids Elodie and Dashiell are interested in just about everything.”

    Elodie and Dashiell?

  21. Libturd in Union says:

    Here are the proud parents.

    http://tinyurl.com/elodie-Dashiell

  22. phoenix says:

    19 Rags,
    Listened to a radio ad about owing back taxes/getting a settlement from the IRS using a lawyer.
    Who gets to do this? Does this work? Can you make a deal to pay less than you owe?
    I get a W2. I don’t get a break at all.
    I wonder how many small businesses don’t pay, hoping they can get a better deal later thru some sort of amnesty program.

  23. phoenix says:

    18 Eddie,
    It is a good time to buy now.
    It is always a good time to buy.
    At the right price, however.
    I’m sure you know that.
    Even turds have value, just ask the guy who emptied my septic tank today.

  24. Fast Eddie says:

    Lib,

    Are they classmates with Breece, Macy, Zara, Logan, Chadwick and Barrington? Actually, I just got an idea. I see a clothing line made for pennies per item in China with a markup of 1000% based on a clothing line called “Chadwick and Barrington!” Give the plebs what they want! :)

  25. Street Justice says:

    Why do you hate the middle class?

    anon (the good one) says:
    June 19, 2014 at 7:34 am
    why do you hate the poor so much?

  26. Fast Eddie says:

    grim,

    unmod me. :)

  27. grim says:

    Generally it’s not a bad strategy to either be one step ahead of the idiots, or to simply do the opposite, realizing that they are likely wrong or late in their assessment.

  28. Libturd in Union says:

    Mod filter has been unrelenting lately Grim. Did you change any filters lately?

  29. Bystander says:

    Fast,

    Give up rationalizng with the turd brain. The numbers don’t lie. House purchases are down significantly b/c they are mostly overpriced. We know this and unless job market improves significantly then it will continue to trend this way. Only a fool believes that young people not participating is a boon for housing…that or a realtwho*e.

  30. Libturd in Union says:

    Rents continue to rise. Which is nice if you are a slumlord.

  31. Street Justice says:

    The IT department at the IRS is either incompetent or criminal. Possibly both. What should come out of this, if the missing emails are never retrieved, is that they are regulated in much the same way financial institutions are. Any financial institution I’ve ever worked at was required to have a email archive system in place in addition to their Microsoft Exchange infrastructure. ALL emails are archived going back many years.

    It’s likely the IRS already has this, if not, that’s a pretty mickey mouse setup they have over there. If they don’t have it, they should be required to by law.

    phoenix says:
    June 19, 2014 at 7:28 am
    What was REALLY on these drives that made them go “poof?”

  32. anon (the good one) says:

    Phoenix, the q was not directed at you

    Street, I don’t hate anybody, except Fundamentalist such as the Taliban.

    Street Justice says:
    June 19, 2014 at 9:40 am
    Why do you hate the middle class?

    anon (the good one) says:
    June 19, 2014 at 7:34 am
    why do you hate the poor so much?

  33. Fast Eddie says:

    Bystander [29],

    The lack of inventory is extending hope to the fat f.ucks who are over-pricing their sh1tholes. All the muppets that drank the gravy and bought at bubble prices are in quicksand. It leaves us with no alternative and as a result, we’re stuck in a traffic jam with no where to move. The millennial muppets don’t have the resources to buy which just adds to the mess; no plankton to start the chain and no inventory to consider. The investors already picked the bones. And remember, interest rates are already at rock bottom. It’s going to get worse before it gets better.

  34. Michael says:

    Just because I said it’s a good time to buy, doesn’t mean every house is a buy. I’m saying due to the crummy economy there are deals to be had. When good times come, there are no deals at all. Piece of crap properties that nobody wants right now, even grow in value when times are good. This is the point I’m trying to get you to understand. If you can’t get deals now, you think you are going to get them when the economy is improving and everyone has money to blow. Don’t tell me it’s the end either. People thought it was the end during the great depression and wwII and it didn’t end. Just go with the cycles man, and leave emotion out of it.

    Fast Eddie says:
    June 19, 2014 at 9:17 am
    Michael,

    That’s why I think it’s a good time to buy now.

    Really? It’s always a good time to buy and sell. Right? You should be a realtor. Monday morning quarterbacks are never wrong.

    An entry level, piece of sh1t house in a so-so town will cost 350K. That’s $70,000 in down payment. You need to double that number to account for reserves and expenditures and say a Novena that every penny you have isn’t sucked from your hands due to “unexpected” circumstances.

    And now you have a kid on the way? Wait! Whadda you mean the inspector didn’t find the rotting sheathing under the roofing material? It’s because if isn’t blatantly obvious, he’s not going to say a word because he wants his services to be used again. Catch my drift?

    Remember the plankton theory discussed on this board a zillion times? The housing dynamics in this area are completely and thoroughly f.ucked for the next generation.

  35. Michael says:

    34- People said it was the end in the 60’s…race wars were coming. 70’s was the end of oil…we are all dead…..80’s was the height of the cold war and blah blah……2020’s are more than likely going to be a hot decade after this prolonged economic downturn. So buy now, and sell in the next up cycle.

  36. Michael says:

    6 years from now when times are much better, you think this will all hold true. Your logic is based on the economy staying down forever, and that my friend, has never ever happened.

    Fast Eddie says:
    June 19, 2014 at 10:16 am
    Bystander [29],

    The lack of inventory is extending hope to the fat f.ucks who are over-pricing their sh1tholes. All the muppets that drank the gravy and bought at bubble prices are in quicksand. It leaves us with no alternative and as a result, we’re stuck in a traffic jam with no where to move. The millennial muppets don’t have the resources to buy which just adds to the mess; no plankton to start the chain and no inventory to consider. The investors already picked the bones. And remember, interest rates are already at rock bottom. It’s going to get worse before it gets better.

  37. Fast Eddie says:

    Michael,

    You don’t need me to get to understand anything. I learned my lessons a long time ago and thankfully, not anywhere near the financial tragedies inflicted upon a sea of people due to their naiveté, stup1dity or both. It’s an epic logjam and you truly can’t see the forest from the trees. Trying to explain anything to you is really beyond your scope of reasoning.

  38. Fast Eddie says:

    Michael,

    I don’t want a “deal.” I don’t need a f.ucking “deal.” What I want is a choice of inventory that I could shop without sales gimmicks and “other” interested people and “multiple” offers and every other swindle tactic. A deal is not a 687K house with rotting underlays because it has potential. That’s not a deal. I don’t need obscure layouts, 8X8 bedrooms, p1ss stains in the corner or watching my neighbor doing dishes through a side window with a base price that some @sshole conjured.

  39. joyce says:

    Phoenix
    (from last night)

    Thanks for the share. Did you see the news story about a cop shooting and killing a handcuffed prisoner who was on the ground? I believe it was in Texas.

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

    [22] phoenix

    “Who gets to do this? Does this work? Can you make a deal to pay less than you owe?”

    IMHO, and that of the practitioner’s bar, these guys are no better than male enhancement pill hawkers.

    Most people freak out when they get a CP2000 letter. All it means is that IRS has info that may be different from your own. But IRS isn’t simply going to accept your version nor are they going to roll over for “honest” oversights (and they do occur). Also, while to an accountant or tax lawyer, the explanations are simple, they aren’t to Jo6Pk. So taxpayers get frightened and call these guys because they think lawyers are too expensive. But these guys are simply tax appeal law firms in disguise.

    Getting OICs from IRS is like pulling teeth and they only really work when it is clear to IRS that they won’t ever collect. Even when you get an OIC, it is really more of a payment plan and the deep discounts you hear about are not only atpyical, they are probably deceptive.

    I find the claims to be smarmy even if they aren’t technically deceptive. I can tell you why you are seeing so many of these ads, and why they can claim that the tax bills got reduced so much. If you knew, you ‘d be pissed. But why give away my bread and butter when I can just undercut them?

  41. Michael says:

    Do you realize that inventory has been tight in northern nj on in demand properties for a while now. Remember how hard it was to get a good property in 2002/2003. You had to overbid. You were probably complaining back then, just like now. You have to work to get good properties. They don’t just fall on your lap.

    Fast Eddie says:
    June 19, 2014 at 10:56 am
    Michael,

    I don’t want a “deal.” I don’t need a f.ucking “deal.” What I want is a choice of inventory that I could shop without sales gimmicks and “other” interested people and “multiple” offers and every other swindle tactic. A deal is not a 687K house with rotting underlays because it has potential. That’s not a deal. I don’t need obscure layouts, 8X8 bedrooms, p1ss stains in the corner or watching my neighbor doing dishes through a side window with a base price that some @sshole conjured.

  42. ccb223 says:

    On my Bill Gross post yesterday…funny how now some of you are saying that he is not qualified to speak about income inequality (given that he is a very smart guy who can interpret simple data, I beg to differ) and that he is not a capitalist. Muhahahah.

    In the mean time, party on Garth!

    http://hereisthecity.com/en-gb/2014/06/19/global-super-rich-on-the-march-as-personal-fortunes-swell/

  43. joyce says:

    ccb223,

    Is Bill Gross any more of a capitalist than other corporate welfare/bailout recipient queens? Remeber his missive about riding a wave of credit. He proposed raising income taxes to “give some back” … but never did he even hint about turning off the credit spigot.

  44. WickedOrange says:

    NYC Real Estate Has Gotten So Hot That Stockbrokers, Hipsters, And Yuppies Are Invading The Far Reaches Of Brooklyn

    http://www.businessinsider.com/young-people-moving-to-bay-ridge-brooklyn-2014-6

  45. WickedOrange says:

    This Is A Moment In The Housing Recovery That Everyone Has Been Waiting For

    http://www.businessinsider.com/household-formation-among-young-adults-2014-6

  46. grim says:

    Read a nice bit about millennial and libraries, turns out most of them don’t need or care for libraries either.

    Suppose we should burn the books, shut them down, and lease the spaces over to Chipotle’s new asian noodle concept.

  47. Michael says:

    41- You are right about one thing, if you don’t do your how and don’t know the area, or location well, chances are you will be the loser in the capitalist game of real estate.

  48. joyce says:

    HEMPSTEAD, NY — An innocent woman hid in a closet when armed strangers unexpectedly broke into her apartment. While cowering in fear, she was discovered by one of the intruders — actually a police officer raiding the wrong address — who promptly shot her in the chest after opening the closet door.
    Despite this breathtaking display of negligence and incompetence, the department investigated itself and cleared its officers of any wrongdoing.

    Finally, after wrangling in the legal system for over 4 years, Nassau County agreed to settle with Ms. Davis to the tune of $650,000. As part of the settlement, the police internal investigation was officially sealed. According to Charles Horn, Ms. Davis’ attorney, this was to prevent its many “inaccuracies” from coming to light, which were falsely presented to convey justification for shooting an unarmed woman.

    Taxpayers footed the bill, and no police officers received any sort of reprimand or termination.
    http://www.newsday.com/long-island/nassau/iyanna-davis-hempstead-woman-accidentally-shot-by-nassau-cop-to-get-675g-1.8168575

  49. Michael says:

    48- Wow, that’s beyond incompetent.

  50. Libturd in Union says:

    Incompetence isn’t the issue. It’s the cover ups and the loss of faith that increases every time one of these cases come to light. Hell, it could easily be you next time.

  51. Michael says:

    That’s the scary part. This could happen to anyone.

    How can you keep your job after you break into the wrong house and shoot someone?

    Libturd in Union says:
    June 19, 2014 at 12:05 pm
    Incompetence isn’t the issue. It’s the cover ups and the loss of faith that increases every time one of these cases come to light. Hell, it could easily be you next time.

  52. Libturd in Union says:

    “How can you keep your job after you break into the wrong house and shoot someone?”

    That’s easy. He works in the public sector. The internal investigations work about as well as our politicized courts do when it comes to collective bargaining public contracts. You simply can’t lose. Baa. Baa.

  53. JJ says:

    Another factor by me is folks are not buying houses in Flood Zones unles they are really on the water vacation homes. Contrary to popular belief homes that are pos capes nowhere near the water has been put into flood zones. Most amazing is parts of Valley Stream Long Island miles from the water are houes that have never seen a drop of water not even in Sandy are now in Flood zones and are extremely hard to sell. A house not in a beach town, in a lower middle class town, tiny houses have huge flood insurance premimuns.

    Add in the taxes on bigger homes are through the roof who wants bigger homes.

    Near me the local realtors are reporting starter homes in non-flood zones move extremely quick. Also with economy turning around vacation homes are selling really quick. However, trade up homes with high taxes and homes with high flood insurance are sitting and siting.

    People with starter homes are staying in starter homes and buying second homes!!! The starter home is now just a place to sleep and if you have a place to go to who needs a big primary home!

    Plus no rental potential in a trade up home. It is a big monthly nut and the assessor office staffed by blue collar folks look at big houses in rich neighborhoods as money grabs. They tax the hell out of them. Honestly, you CANT buy a tradeup home you can only RENT a trade up home.

    The trade up homes near me are now at 30K a year taxes, 4K, homeowners insurance and landscaping, snow removal, heat and electric and repairs are all double. You are talking mortgage free a home that is going to cost you like 5k a month

    Meanwhile folks can stay in their paid off starter home, buy a vacation home cash and with a few VRBO folks cover nut forever.

  54. grim says:

    Lose your job? Think about that for a second, why should it have even come to that?

    Is there no honor these days, where was his resignation? Pleading forgiveness for his incompetence?

  55. grim says:

    Bullet went through both thighs and her abdomen, which means she was on the floor crouched with her knees against her chest, cowering in fear.

    How do these people live with themselves?

    Rifle accidentally fired? Rifles don’t accidentally fire. His finger was on the trigger, and he pulled the trigger. I suspect he may have confused the situation with playing Call of Duty. No surprise, most cops have psychological issues.

  56. JJ says:

    These are same folks who shot the college student in Hofstra being held hostage.

    So black man with a criminal background is in students house off campus, Holding gun on one girl and sends another girl out to get cash. Girl instead of getting cash calls a cop. Cop instead of waiting for backup barges into house and shoots the hostage the guy is holding and arrests the still alive gunman yet kept his job.

    52.Libturd in Union says:
    June 19, 2014 at 12:25 pm
    “How can you keep your job after you break into the wrong house and shoot someone?”

    That’s easy. He works in the public sector. The internal investigations work about as well as our politicized courts do when it comes to collective bargaining public contracts. You simply can’t lose. Baa. Baa.

  57. joyce says:

    “How do these people live with themselves?”

    Anytime a cop shoots (and sometimes kills) an unarmed/innocent person… the apologists state “he’ll have to live with that the rest of his life” And they seem to gloss over the fact that the other person isn’t living at all.

  58. Juice Box says:

    “The President hasn’t ruled out anything except sending U.S. combat troops into Iraq.” Boots on the ground soon. O will be forced to go to WAR for OIL, just like presidents before him.

    Iraq, OPEC’s second biggest producer, pumped about 3.2 million barrels a day during the past month.

    Rumaila Field, Iraq 1,300,000 b/d 6th largest in the word.
    Majnoon Field, Iraq 500,000 b/d 10th largest in the world.

  59. Libturd in Union says:

    Will be interesting to see Anon defend Obama’s actions while simultaneously ripping W’s. They are all the same. And those who support one over the other are seriously clueless. Baa. Baa.

  60. Street Justice says:

    What are your feelings about people who are members of the tea party?

    anon (the good one) says:
    June 19, 2014 at 9:58 am
    Phoenix, the q was not directed at you

    Street, I don’t hate anybody, except Fundamentalist such as the Taliban.

    Street Justice says:
    June 19, 2014 at 9:40 am
    Why do you hate the middle class?

    anon (the good one) says:
    June 19, 2014 at 7:34 am
    why do you hate the poor so much?

  61. Libturd in Union says:

    Anon only hates who Bill Maher tells him to hate.

  62. 30 year realtor says:

    #33 – Still negotiating on that house I thought I was going to buy…$15,000 apart. Seller’s agent told me they need that $15,000 or they will have to bring it to the closing. Seller will stay until they can sell without bringing money to closing.

    I told the agent that despite high appreciation in last 12 months in North Jersey Hawthorne has seen little to no price change. It will be many years until his seller can get out without bringing cash to closing. Are they prepared to put their lives on hold for 10 years?

    The saga continues…

  63. Libturd in Union says:

    Hold out 30-year. They’ll cave. They always do if they are close.

  64. Painhrtz - from Sabbatical says:

    cops why would anyone call the cops

    agree with grim they are a lot of damaged police officers

    http://www.inquisitr.com/1307410/baltimore-police-officer-jeffrey-bolger-called-to-catch-lost-dog-ends-up-cutting-its-throat/

  65. Street Justice says:

    http://www.nydailynews.com/new-york/shot-hofstra-university-student-cleared-wrongdoing-article-1.1743281

    JJ says:
    June 19, 2014 at 12:46 pm
    These are same folks who shot the college student in Hofstra being held hostage.

    So black man with a criminal background is in students house off campus, Holding gun on one girl and sends another girl out to get cash. Girl instead of getting cash calls a cop. Cop instead of waiting for backup barges into house and shoots the hostage the guy is holding and arrests the still alive gunman yet kept his job

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

    [59] stu

    “Will be interesting to see Anon defend Obama’s actions while simultaneously ripping W’s. ”

    Expect crickets. Ever since I challenged anon to own the unstated assertion that it was an error to oust Saddam, he has been silent on that subject.

    Classic left wing cherry picking

  67. Michael says:

    It’s insanity. They are going to allow this guy to continue to operate a gun? WTF? Do you want to get a killer off the street?

    grim says:
    June 19, 2014 at 12:43 pm
    Lose your job? Think about that for a second, why should it have even come to that?

    Is there no honor these days, where was his resignation? Pleading forgiveness for his incompetence?

  68. Michael says:

    Oh yea, have to have stability in the oil prices. The thing I don’t get, why do these fundamentalists that create terror, have to screw over everybody else in Iraq. Why? Now the war machine will come and bring nothing but misery. You can’t win, give it up, and enjoy life. Stop ruining it for everyone else. Go practice your religion in a cave, and be happy.

    Juice Box says:
    June 19, 2014 at 1:07 pm
    “The President hasn’t ruled out anything except sending U.S. combat troops into Iraq.” Boots on the ground soon. O will be forced to go to WAR for OIL, just like presidents before him.

    Iraq, OPEC’s second biggest producer, pumped about 3.2 million barrels a day during the past month.

    Rumaila Field, Iraq 1,300,000 b/d 6th largest in the word.
    Majnoon Field, Iraq 500,000 b/d 10th largest in the world.

  69. Bystander says:

    30 yr,

    Good luck. The old coot that listed for 540k last is now down to 455k. House needs everything. I last offered 420k cash and he thinks I am too difficult. Won’t even counter. Place and owner comtinue to rot..never underestimate greed or stubborness. Move on..if they come back..great.

  70. Street Justice says:

    Our widening country/city divide

    http://www.theamericanconservative.com/our-widening-country-city-divide/

    The post-graduation path most commonly supported at the university level today is to pursue the highest-paying jobs, in the most stable and established companies. Washington, D.C., for instance, draws a lot of young professionals, due to the power and money that it can offer (to those who work hard and get an internship first). Young people are encouraged to become lawyers, doctors, engineers—not farmers, local dentists, or grocery store managers. But young people should be encouraged in ventures that feature local innovation and entrepreneurship, that laud the goods of small businesses and community investment.

    However, this gravitation to the city also makes sense when you consider the burden of student loans that every college grad faces: they’re likely to seek a job in an area where wages are higher. And this presents another challenge for our society, as we seek to build a job climate in which graduates have options: we have to offer them something at the local level that can compete with urban-level opportunities. Or if we can’t compete wage-wise, we need to offer them other things—like housing, benefits, cultural offerings, etc.—that will make the move seem worthwhile. Otherwise, young people will continue migrating away from rural centers of commerce and civic life.

    This sorting pattern could have cultural consequences, as well: we could see a growing disdain amongst urban elites for local culture, and amongst rural dwellers for urban life. We already see a growing divide in our political and social values, values often deeply divided between the urban and rural: Pew just released a poll tracking the increasing ideological uniformity and partisan antipathy in American society. Although their findings are not specifically tracked by geographic place, Pew does note that

    “Ideological silos” are now common on both the left and right. People with down-the-line ideological positions – especially conservatives – are more likely than others to say that most of their close friends share their political views. Liberals and conservatives disagree over where they want to live, the kind of people they want to live around and even whom they would welcome into their families.

    Ignorance and distance tend to breed derision and contempt for those with different tastes. Thus, people from more conservative, rural areas of America can develop a sort of tribalistic suspicion that is antithetical to inclusivity and community, just as urban, liberal centers can breed a variety of disdainful elitism that has a similar homogenizing influence on society. These suspicions and snobberies have always existed, to some extent, in American culture. But our growing separation, fostered by this intellectual sorting of persons, does a disservice to both parties, and widens both opportunity and cultural gaps throughout American society.

  71. anon (the good one) says:

    I certainly haven’t being able to win it here

    @Poynter: Leader of WaPo-NYT comment project:
    “We are not declaring war on assholery. It’s not a war we’ll be able to win.” http://t.co/7vgFOgTwbD

  72. joyce says:

    66
    Comrade,
    Being against invading Iraq does not automatically mean you support(ed) Sadaam

  73. Fast Eddie says:

    30 year realtor,

    I was going to ask today what happened with the house!! Keep holding!

  74. Painhrtz - from Sabbatical says:

    anon

    step 1 look in mirror

    step2 open medicine cabinet and take out the whole bottle of antidepressants (c’mon you now your on them)

    step 3 take whole bottle of AD drugs

    Step 4 grab a cheap bottle of chardonnay from your cabinet

    Step 5 lay down go to sleep war on one as*hole won

  75. Statler Waldorf says:

    US Senators (77) who voted YES to authorize the use of United States Armed Forces against Iraq:

    Allard (R-CO)
    Allen (R-VA)
    Baucus (D-MT)
    Bayh (D-IN)
    Bennett (R-UT)
    Biden (D-DE) <———————–
    Bond (R-MO)
    Breaux (D-LA)
    Brownback (R-KS)
    Bunning (R-KY)
    Burns (R-MT)
    Campbell (R-CO)
    Cantwell (D-WA)
    Carnahan (D-MO)
    Carper (D-DE)
    Cleland (D-GA)
    Clinton (D-NY) <———————–
    Cochran (R-MS)
    Collins (R-ME)
    Craig (R-ID)
    Crapo (R-ID)
    Daschle (D-SD)
    DeWine (R-OH)
    Dodd (D-CT)
    Domenici (R-NM)
    Dorgan (D-ND)
    Edwards (D-NC) <———————–
    Ensign (R-NV)
    Enzi (R-WY)
    Feinstein (D-CA)
    Fitzgerald (R-IL)
    Frist (R-TN)
    Gramm (R-TX)
    Grassley (R-IA)
    Gregg (R-NH)
    Hagel (R-NE)
    Harkin (D-IA)
    Hatch (R-UT)
    Helms (R-NC)
    Hollings (D-SC)
    Hutchinson (R-AR)
    Hutchison (R-TX)
    Inhofe (R-OK)
    Johnson (D-SD)
    Kerry (D-MA) <———————–
    Kohl (D-WI)
    Kyl (R-AZ)
    Landrieu (D-LA)
    Lieberman (D-CT)
    Lincoln (D-AR)
    Lott (R-MS)
    Lugar (R-IN)
    McCain (R-AZ)
    McConnell (R-KY)
    Miller (D-GA)
    Murkowski (R-AK)
    Nelson (D-FL)
    Nelson (D-NE)
    Nickles (R-OK)
    Reid (D-NV) <———————–
    Roberts (R-KS)
    Rockefeller (D-WV)
    Santorum (R-PA)
    Schumer (D-NY)
    Sessions (R-AL)
    Shelby (R-AL)
    Smith (R-NH)
    Smith (R-OR)
    Snowe (R-ME)
    Specter (R-PA)
    Stevens (R-AK)
    Thomas (R-WY)
    Thompson (R-TN)
    Thurmond (R-SC)
    Torricelli (D-NJ)
    Voinovich (R-OH)
    Warner (R-VA)

    US Senators (23) who voted NO to authorize the use of United States Armed Forces against Iraq:

    Akaka (D-HI)
    Bingaman (D-NM)
    Boxer (D-CA)
    Byrd (D-WV)
    Chafee (R-RI)
    Conrad (D-ND)
    Corzine (D-NJ)
    Dayton (D-MN)
    Durbin (D-IL)
    Feingold (D-WI)
    Graham (D-FL)
    Inouye (D-HI)
    Jeffords (I-VT)
    Kennedy (D-MA)
    Leahy (D-VT)
    Levin (D-MI)
    Mikulski (D-MD)
    Murray (D-WA)
    Reed (D-RI)
    Sarbanes (D-MD)
    Stabenow (D-MI)
    Wellstone (D-MN)
    Wyden (D-OR)

    http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=107&session=2&vote=00237

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

    [71] anon

    Don’t give up. I’ll let you borrow a handgun and even give you a bullet. Then you can look the a-hole squarely in the eye and take him out.

    Tip: wrap your head in an old towel first. Should keep blood off the mirror when you cap the pr1ck.

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

    [72] Joyce

    Being against ousting Saddam isn’t the same as supporting him.

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

    [77] redux

    Hit return too soon

    But being against invasion does mean that you are comfortable leaving him in place.
    To date , no one has pointed to a plausible option, discussed at the time, which would have achieved our objectives without invasion. And don’t say “containment” as that meant leaving Saddam in place.

  79. joyce says:

    Comrade,
    I guess you’re in favor of invading every country with a king, queen, monarchy, royal family, dictatorship or any way shape or form.

  80. joyce says:

    Or else you’re comfortable leaving them in place.

  81. Statler Waldorf says:

    But Saddam was “different” from other dictators:

    “No one has done what Saddam Hussein has done, or is thinking of doing. He is producing weapons of mass destruction, and he is qualitatively and quantitatively different from other dictators.”

    Madeleine Albright, President Clinton’s Secretary of State
    Town Hall Meeting on Iraq at Ohio State University
    February 18, 1998

    http://www.cnn.com/WORLD/9802/18/town.meeting.folo/

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

    [80] Joyce

    Leave them be. If their people want them gone, let them take care of it.

  83. joyce says:

    Comrade,
    I don’t understand why we’re apparently disagreeing. I’m all for non-intervention in the internal affairs of other nations. So, if you hold the same position as me, why were you being adamant about forcing people to admit if they were opposed to the invasion they were against deposing Saddam

  84. joyce says:

    I guess one could say they’re for deposing any and all oppressive govts, but it’s not the US’s responsibility to police the world either.

  85. Juice Box says:

    Joyce world police? We are just keeping the petroleum dollar around that is all.

  86. joyce says:

    An analysis of litigation between 2009 and 2012 found that 148 settlements between New Jersey police officers against their departments cost taxpayers $29 million. That is 45 percent more than the $20 million paid in settlements and legal fees associated with 117 lawsuits filed by civilians.
    http://www.nbcphiladelphia.com/news/local/PHI-I-Team–In-NJ-Cops-Sue-Own-Departments-More-Than-Civilians–263657781.html

  87. Michael says:

    Wow, that’s sad. Can’t even make this up. My daughter is never dating a cop. Hell no.

    joyce says:
    June 19, 2014 at 6:56 pm
    An analysis of litigation between 2009 and 2012 found that 148 settlements between New Jersey police officers against their departments cost taxpayers $29 million. That is 45 percent more than the $20 million paid in settlements and legal fees associated with 117 lawsuits filed by civilians.
    http://www.nbcphiladelphia.com/news/local/PHI-I-Team–In-NJ-Cops-Sue-Own-Departments-More-Than-Civilians–263657781.html

  88. Michael says:

    With the earlier cop story, it’s insane that we as tax payers pay for this protection that is anything, but that. We pay for useless protection, and then have to pay to clean up the mess this so called protection provides. When I say useless, I mean when a police officer pulls me over and gives me a ticket for passing on the right. This was by the the shoprite on 46 in little falls. Lady was going 35 in the left lane. After about 2 mins of staying behind her, I pass her on the right, and of course get a ticket. What a joke. I said to the county sheriff, “I’m supposed to just stay behind someone going 35 in the left lane?” He replies, “I hate when people do that too, but you did that in front of me, and I have to pull you over”. Felt like punching him in the face. County sheriff, what a joke.

  89. Michael says:

    88- btw, that junction of 46, you can always count on someone hogging the left lane going below the speed limit. They then wonder why you are on their ass!!

    Btw, Suarez is a machine. Unbelievable!!!

  90. Michael says:

    What you guys think? I’m thinking of buying this and amazon for the next 5 years.

    “10 Best Up And Coming Stocks To Buy For 2015: Lennar Corp.(LEN)

    The third largest U.S. homebuilder by revenue reported exceptional Q3 results, as its earnings more than quadrupled, primarily as a result of an increase in new-home demand. The reported net income of 40c was well ahead of last year’s 11c, and the forecasted 28c.

    According to the company’s CEO, Stuart Miller, “The homebuilding business is beginning to revert to normal, and that’s a positive for the U.S. economy in general, which is in turn good for sustained recovery in the housing market. Overall demand has been improving and we’ve seen a consistent sales pace at improving prices.”

    LEN’s contract backlog, which is an indicator of future sales, rose by a whopping 79% on a YoY basis. Its average selling price of delivered homes also increased to $258,000 from last year’s $247,000.”

  91. Street Justice says:

    Want to see who is getting a government subsidy around you?

    There’s an app for that…

    http://www.openthebooks.com/

  92. gary (18)-

    Wrong. It’s been so distorted by giveaways and other incentives that have blown back, it’ll be 50-100 years. Our gubmint- in collusion with the real estate cartel- have managed to kill all the plankton…plus the entire ecosystem.

    “Remember the plankton theory discussed on this board a zillion times? The housing dynamics in this area are completely and thoroughly f.ucked for the next generation.”

  93. stu (20)-

    Let’s see how Elodie and Dashiell fare when they get spotted by a transient gang that hasn’t eaten in a week.

  94. grim (27)-

    Costanza Theory.

    “Generally it’s not a bad strategy to either be one step ahead of the idiots, or to simply do the opposite, realizing that they are likely wrong or late in their assessment.”

  95. Police are nothing more than Waffen SS for their political benefactors and the rich.

    Hopefully, we’ll see more and more reports of upstanding citizens fighting back against them…and winning. It will also be interesting to see the battles that erupt once enough private citizens command personal militias.

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

    I just saw the last post of the prior thread. Chilling and sick.

    I just adopted a second dog, this time from the Baltimore County pound. So glad I got him out of there.

    So I now have two Boston Terriers. This one’s a male so I suggested some names and half the family agreed on my first choice: Fenway.

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

    Jeez, I just caught a HUGE spider in my rec room. Wingspan of 5 inches. Last time I saw a spider that big, it was chasing Harry Potter. Wife saw it next to me on the sofa arm and thought it was one of the kids toys.

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