29 consecutive months of price increases

From CoreLogic:

CoreLogic Reports Home Prices Rose By 7.4 Percent Year Over Year In July

CoreLogic a leading global property information, analytics and data-enabled services provider, today released its July CoreLogic Home Price Index (HPI®) report. Home prices nationwide, including distressed sales, increased 7.4 percent in July 2014 compared to July 2013. This change represents 29 months of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, increased 1.2 percent in July 2014 compared to June 2014.

At the state level, including distressed sales, only Arkansas posted a decline in July 2014 with 0.9-percent depreciation. A total of 11 states, plus the District of Columbia, reached new highs in the HPI dating back to January 1976 when the index started. These states are Alaska, Colorado, Iowa, Louisiana, Nebraska, North Dakota, Oklahoma, South Dakota, Tennessee, Texas and Vermont.

Excluding distressed sales, home prices nationally increased 6.8 percent in July 2014 compared to July 2013 and 1.1 percent month over month compared to June 2014. Also excluding distressed sales, all 50 states and the District of Columbia showed year-over-year home price appreciation in July. Distressed sales include short sales and real estate owned (REO) transactions.

“While home prices have clearly moderated nationwide since the spring, the geographic drivers of price increases are shifting,” said Sam Khater, deputy chief economist for CoreLogic. “Entering this year, price increases were led by western and southern states, but over the last few months northeastern and midwestern states are migrating to the forefront of home price rankings.”

“Home prices continued to march higher across much of the U.S. in July. Most states are reaching price levels not seen since the boom year of 2006,” said Anand Nallathambi, president and CEO of CoreLogic. “Our data indicates that this trend will continue, with more states hitting new all-time peaks this year and into 2015 as the recovery continues.”

Including distressed sales, the five states with the highest home price appreciation were: Michigan (+11.4 percent), Maine (+10.6 percent), Nevada (+10.6 percent), Hawaii (+10.5 percent) and California (+10.5 percent).

Excluding distressed sales, the five states with the highest home price appreciation were: Massachusetts (+11.2 percent), New York (+9.7 percent), Maine (+9.5 percent), Hawaii (+9.2 percent) and Florida (+8.8 percent).

Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to June 2014) was -11.9 percent. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -8.3 percent.

The five states with the largest peak-to-current declines, including distressed transactions, were: Nevada (-36.4 percent), Florida (-33.0 percent), Arizona (-28.9 percent), Rhode Island (-26.9 percent) and New Jersey (-20.6 percent).

Including distressed sales, the U.S. has experienced 29 consecutive months of year-over-year increases; however, the national average is no longer posting double-digit increases.

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

117 Responses to 29 consecutive months of price increases

  1. grim says:

    NY-Jersey City-White Plains, NY-NJ CSBA – July 2014
    Single Family Including Distressed – Up 7.9%
    Single Family Excluding Distressed – Up 8.5%

    New Jersey Statewide – July 2014
    Single Family Including Distressed – Up 4.2%
    Single Family Excluding Distressed – Up 4.4%

    Pennsylvania Statewide – July 2014
    Single Family Including Distressed – Up 3.5%
    Single Family Excluding Distressed – Up 4.4%

    Connecticut – July 2014
    Single Family Including Distressed – Up 2.4%
    Single Family Excluding Distressed – Up 4.2%

    New York – July 2014
    Single Family Including Distressed – Up 8.8%
    Single Family Excluding Distressed – Up 9.7%

  2. Where have all the Booya Bobs gone?

  3. grim says:

    Can someone tell me what the point is of Fair Lawn wasting taxpayer time and money to “Ban Fracking” within town limits? Am I missing something here?

  4. anon (the good one) says:

    considered paying off my mortgage, but y’all said inflation was coming….that was 5 years ago

  5. Not Godzilla says:

    Why do I feel that no matter the subject. All conversations here go like this.

    http://youtu.be/Wnsdc7cTPuU

  6. Fast Eddie says:

    The five states with the largest peak-to-current declines, including distressed transactions, were: Nevada (-36.4 percent), Florida (-33.0 percent), Arizona (-28.9 percent), Rhode Island (-26.9 percent) and New Jersey (-20.6 percent).

    And there are some in our neck of the woods that are still paying close to peak.

  7. grim (3)-

    Sure sign of a completely failed gubmint: pass idiotic resolutions and fight battles on issues where there can’t be an opposite side (like all the ridiculous campaigns against campus r@pe).

    Then, once the resolutions have passed, victory is declared.

  8. My town has declared war on leaving toddlers in hot cars.

    I can just taste the success here.

  9. painhrtz - whatever says:

    Uzi my mother would have been strung up. I hated going shopping and would stay int he car and listen to the radio.

    Grim haven’t you seen all the NG compression stations along the saddle river and to boot the water in the river is green in the summer from all the fracking liquid. Oh wait that is algae never mind

  10. Anon E. Moose says:

    Post 4 is proof positive that anon does not buy food for himself, nor pay the bill therefor.

    If there’s been no inflation, why has housing rebounded? Is it because of his O’ness’ spectacular economic growth?

  11. jj says:

    Kids are a great distraction for shop lifting

    painhrtz – whatever says:

    September 3, 2014 at 9:45 am

    Uzi my mother would have been strung up. I hated going shopping and would stay int he car and listen to the radio.

  12. Libturd in the City says:

    Drove in today. First post-Summer driving commute. Was worse, but not worse enough to stop me from standing in a sweat box of a train. Was told by Gator that it was SRO this morning. Early bird special still on, but the lot was much closer to full capacity than ever before. Will continue driving till it takes longer than the train. Plus, I like to sit for that hour.

  13. Anon E. Moose says:

    Report finds $90k minimum income to afford a home in NY metro.

    http://realestate.msn.com/what-you-must-earn-to-buy-a-home-in-27-cities#26

  14. Libturd in the City says:

    $90k? Phew…just made it.

  15. Statler Waldorf says:

    Any questions?

    “29 consecutive months of price increases”

  16. painhrtz - whatever says:

    wohoo I’m rich bitch I’m over six figures in a modest house. Wait never mind I’m not.

  17. Juice Box says:

    iJunk hack is still out there. Watchout for your nudie pics!

    http://www.businessinsider.com/how-hackers-get-into-your-apple-icloud-account-2014-9

  18. Juice Box says:

    90k is lower middle class. Middle class is 200-400k. Upper Middle class is 400-600k. Ballers make 600k +.

  19. Fast Eddie says:

    The five states with the largest peak-to-current declines, including distressed transactions, were: Nevada (-36.4 percent), Florida (-33.0 percent), Arizona (-28.9 percent), Rhode Island (-26.9 percent) and New Jersey (-20.6 percent).

    Any questions?

  20. Fast Eddie says:

    I didn’t think so. Bitch.

  21. Libturd in the City says:

    The real question to be asking is why would anyone pay what Apple is asking for for iCloud service. I’ve got close to 100 gigs for free from various other providers. I forgot what Apple was charging, but it was grossly disproportionate to what everyone else charges. Just checked. 10 Gigs for $20 per month? I think you get 1TB for $10 a month or 100 GB for $2 at Google. The smaller cloud hosts are even cheaper too.

  22. The Original NJ ExPat says:

    [13] Lib – Is your job in midtown? If so, you might consider the bus. The bus has the advantage of having it’s own lane on the other side of route 3 and it’s own tube at the Lincoln tunnel. It’s been a long time since I used to catch it from across the street from Hoffman-Laroche’s front gate in Nutley, but it was a super easy 40 minute commute for me to 42&2nd where I used to work. I used to to get on the very front of the 7 train and go up a stairwell that almost nobody used at Grand Central and the only time I was ever outside was when I crossed 42nd in front of my office. Also on the way home I would buy a cold 24 ounce beer in the summer at PA on the way home and crack it in the Lincoln Tunnel. Maybe times have changed, but there used to be tons of busses during rush hour both ways, I never even had to look at a schedule.

  23. Bystander says:

    Fast,

    My favorite quote was clot describing the crowds at town pools, something like “a bunch of bloated walruses huddled around fetid water tanks” I still think clot should be a writer.

  24. Fast Eddie says:

    Bystander [24],

    lol! Boyaa Bob should be in the running as well. Friskies for everyone.

  25. anon (the good one) says:

    in America even the homeless describe themselves as middle class.
    delusional. people got to grow up and stop using the term “middle class”
    you are either rich or poor – deal with reality

    Juice Box says:
    September 3, 2014 at 11:04 am
    90k is lower middle class. Middle class is 200-400k. Upper Middle class is 400-600k. Ballers make 600k +.

  26. Libturd in the City says:

    ExPat. Still would require a subway as I’m too far from PA to walk, but worth a try. The Allwood Park & Ride is close to me.

  27. anon (the good one) says:

    minimum wage = middle class?

  28. painhrtz - whatever says:

    Anon I didn’t think it possible but your actual thoughts are worse than your retweets.

  29. jj says:

    on ONE income. If you are doing it on two incomes 200k to 400K is garbage picking cash.

    Juice Box says:

    September 3, 2014 at 11:04 am

    90k is lower middle class. Middle class is 200-400k. Upper Middle class is 400-600k. Ballers make 600k +.

  30. Juice Box says:

    You can get a terabyte for free from Flickr photo and video. Apple prompts you to buy more storage for videos as soon as you use 5 GB.

    Apple needs to maintain it’s margins otherwise stock collapses. After multiple quarters of margin declines, Apple has stabilized, and even raised their gross margins, thank the Apple sheep for that who over pay for everything Apple. To get the equivalent terabyte storage — for videos from iCloud as Flickr is offering you would have to pay Apple 1,800 a year.

  31. Fast Eddie says:

    Juice,

    What is the 90K to 200K range considered? Is that Upper Lower Middle Class? :)

  32. anon (the good one) says:

    painhrtz – whatever,

    you middle class, right?

  33. grim says:

    Minimum wage has nothing to do with middle class, most minimum wage earners are kids still being supported by their parents.

  34. Fast Eddie says:

    Regarding iShit products: Hammer a rock to a stick and place an Apple logo on it and the bloated muppets will line up 48 hours in advance to pay top dollar for one.

  35. Juice Box says:

    re #32 – 90-200K is a Desi programmer’s salary. He lives in his cousins basement in Edison NJ on that coin and in a years will send money home for his wife and kids.

  36. jj says:

    That is rub and tug money, ballers make that much before their morning Joe

    Fast Eddie says:

    September 3, 2014 at 11:26 am

    Juice,

    What is the 90K to 200K range considered? Is that Upper Lower Middle Class? :)

  37. Juice Box says:

    re # 30 — JJ on ONE income means you are rich rich rich and not middle class.
    For families with children 59% have two working parents. That is new normal to attain the middle class, and that group has been getting larger for the last 20 years. Seventy two percent of New Jersey households earning more than $100,000 a year have two or more incomes.

    For myself I let my wife work part time. Who wants to be married to Peg Bundy anyway?

  38. painhrtz - whatever says:

    I don’t know anon I guess, six figures, support a family of 4 on 1 salary, manage to somehow afford a house in this state, productive member of society. Beats the hell out of being a moron

  39. Bystander says:

    Funny..I guess these big financial institutions consider everyone lower middle class as they offer IT PMs with 10+ years experience, about $70/hr. with no benefits.

  40. A Home Buyer says:

    30 – JJ

    In NJ 77.7% of all income tax returns single, married, married filed separately, etc. are less then 100K.

    15.7% are inbetween 100K and 200K…. leaving 6.6% above 200K.

    http://www.state.nj.us/treasury/taxation/pdf/pubs/soi_tables2011.pdf (Specifically the end of Table 1.7)

  41. The Original NJ ExPat says:

    The Allwood Park and Ride was less than a mile from our house but I used to take the 199 because it was only a baseball throw from my front door and it turns out that it was very uncrowded because it skips the park and ride and jumps on Route 3 later. It looks like 45 minutes to PA, but I recall it being a little shorter way back in ’96 when I took it. Coming home I would just take whatever bus was headed down Route 3 and just walk home from Passaic Ave. Are you on 45th? Just take the 7 train one stop. I used to take the 7 for two stops because it was faster than the shuttle that gets to GC in one stop.

    http://www.njtransit.com/pdf/bus/T1192.pdf

    ExPat. Still would require a subway as I’m too far from PA to walk, but worth a try. The Allwood Park & Ride is close to me.

  42. The Original NJ ExPat says:

    There was this large black guy who used to sing Gospel every morning in the tunnel that lead to the 7 train and I would give him a buck every day as I walked by and he would say, “Have a blessed day.” Had my regular shoeshine guy at PA too. I really liked that commute, especially the cold beer on the way home on the bus. There was this guy who had a barrel of 24 ounce beers on ice right at the mouth of a store in PA, you didn’t even have to walk in to the store, just hand this guy two bucks and he gave you a beer in a sleeve bag and you really didn’t even have to break stride for the transaction.

  43. anon (the good one) says:

    based on this breakdown, I would consider 99% to be poor and 1% rich.

    A Home Buyer says:
    September 3, 2014 at 11:59 am
    30 – JJ

    In NJ 77.7% of all income tax returns single, married, married filed separately, etc. are less then 100K.

    15.7% are inbetween 100K and 200K…. leaving 6.6% above 200K.

    http://www.state.nj.us/treasury/taxation/pdf/pubs/soi_tables2011.pdf (Specifically the end of Table 1.7)

  44. Pete says:

    Expat, I tried the Route 3 Express buses for about a month but gave up. Too much variability. On a good day I would be from Nutley to PA in 30 minutes but too often it was more than an hour. Sometimes I had to wait for 3 buses to pass by before there were any that were not SRO. Also, bus only lanes only heading in the AM, not PM rush. Coming home was a nightmare too because sometimes you could hop on a bus right away but other days you had to stand on miserably long lines in PA for a half hour or more. I found it so frustrating that the lanes allowed for only one bus to be loaded at a time.

  45. Pete says:

    Also, Penn has beer guys all over the place too and you can still get a 24 ozer for $2.

  46. NJGator says:

    The bus via Route 3 blows….no bus lane until you get to the NJT. And you have to wait forever to crawl into it. I’ll admit that Allwood Park and Ride is pretty easy in the AM with buses rolling out continuously, but the boarding situation and lines at the gate in the PA during the PM rush (if you can’t get out by 4) are pretty sucky.

  47. Libturd in the City says:

    Thanks for all the commuting advice. I agree about the annoying lines in the PA coming home. I’ll probably just keep driving. And yes, those 40s are still available. I used to do a Becks on the way home each day or two on my way out to Shea. I would have to piss after every inning, but it was much cheaper to keep the buzz going, which is a necessity if you are a Mets fan.

    I’m at 54th closer to the East side than the West.

  48. ccb223 says:

    Eddie regarding:

    The five states with the largest peak-to-current declines, including distressed transactions, were: Nevada (-36.4 percent), Florida (-33.0 percent), Arizona (-28.9 percent), Rhode Island (-26.9 percent) and New Jersey (-20.6 percent).

    That means there’s a lot of room for appreciation in NJ. Stop being a p*ssy and buy something already. It’s been 7 years since the peak…

  49. joyce says:

    Libturd,

    You have a 5% back Lowes credit card, correct? Is it straight discount or award points to use at Lowes in the future?

    Any other cc’s you’d recommend for at “home” stores (Lowes, Home Depot, et al)

  50. Toxic Crayons says:

    Get those rich people! Get them!

  51. Essex says:

    2. they get to march in the NYC parade this year.

  52. Libturd in the City says:

    Joyce. I don’t actually have a Lowes or HD card anymore. HD cancelled their 5% off card on me years ago and I never got one at Lowe’s, though between my Chase Freedom and Discovery Cards, I can get the 5% back at any home improvement store 6 months out of the year when it’s one of the rotating categories. For Lowes, they will take those 10% off HD coupons and if you go to a store in an enterprise zone (passaic for HD or Paterson for Lowes), it’s only 3% sales tax. Additionally, I almost always do the shop at home, pick up in store option at Lowes, which results in another 5% of Upromise money. Shortly after I purchased my multi, I knew I would be spending a solid 10K at Home Depot. I bought a 20% off coupon on Ebay for $75 which ended up saving me about an additional $2,000. I’m not sure if they still have them. All I remember was getting about $3,000 worth of click wood flooring (fake Pergo) on clearance for about $1,000. It was already being cleared out at 50% off and I think I ended up getting it for .70 per square foot. I brought so much extra, I could probably redo all the floors twice over.

  53. Libturd in the City says:

    I would love to be on the 1% float.

  54. Libturd in the City says:

    Maybe the 1% could march past Herald Square flying a giant inflatable dollar sign. That would be awesome.

  55. 1987 Condo says:

    #45…family earning $100,000 pays $2,750 in NJ state taxes, under 3%

  56. Pete says:

    Joyce, if you have a discover card you can use their shopdiscover portal and get 5% off online purchases as well.

    Stu, I do the same thing for Lowe’s. All online purchases. Can’t believe more people dont do it. Not only do you get the 5% off upromise but your stuff is there waiting for you rather then hunting it down in the store.

  57. Pete says:

    #58, Discover Card for 5% off Home Depot.

  58. 1987 Condo says:

    #59…and data “exchange” included!

  59. Libturd in the City says:

    Yeah…the only thing that sucks is when someone is hogging up the customer service register trying to return something that isn’t returnable. It’s especially bad when you are in a ghetto store.

    “You-ah take-ah backah thisah fertilizer bagah. My grassah noah growah. Iah usah whole baggah. Turnah grassah brownah.”

    “Sir, you can’t return an empty bag of Turf Builder.”

    “No understandah. It no workah….”

  60. Fast Eddie says:

    ccb223 [50],

    Believe me, I want to write the check. There’s nothing out there. And I mean nothing.

  61. The Original NJ ExPat says:

    [46] Pete – Yep that used to happen sometimes back in the mid 90’s too, you might say that the cold beer was more of an insurance policy just in case the outbound traffic was bad or the bus line was long. But I was in my mid-30’s, making 6 figures for the first time and was living with my hot GF and paying under $800 for rent which was split down the middle with said hot GF, so I didn’t have much to complain about back then.

    Also, bus only lanes only heading in the AM, not PM rush. Coming home was a nightmare too because sometimes you could hop on a bus right away but other days you had to stand on miserably long lines in PA for a half hour or more.

  62. jj says:

    Patrick FitzMichael and Michael FitzPatrick

    \Essex says:

    September 3, 2014 at 12:54 pm

    2. they get to march in the NYC parade this year.

  63. The Original NJ ExPat says:

    Lib – Re:Becks – I don’t get this, but it’s my new cheap beer for the last 6 months or so. All of a sudden 4 packs of 16 ounce Becks tall boys appeared at my local Liquor store for $3.99. They sit right next to 6 packs of 12 ounce bottles that are priced at $7.99. So 6 beers for 8 bucks or 5+ beers for 4 bucks. I see the exact same phenomena and pricing with Shock Top, $3.99 for 4 tall boys, and 8 0r 9 bucks for a 6 pack. It’s crazy.

  64. Libturd in the City says:

    28 years…Is that a record?

  65. Toxic Crayons says:

    Long live the tallboy.

  66. Juice Box says:

    Here is a tweet for the iSheep

    https://twitter.com/dcbandor/status/507132958307004416

    Note: Apple pays people to wait online. Don’t believe the Hype YO!

  67. jj says:

    Tall boy and Trench Coats. I recall in the early 90s I used to meet girls at happy hour and actually take then on LIRR home!!! Did not want to pay for a cab. Always grabbed the row in front of bathroom with no one behind you.

    Even most girls in business suits wore trench coats in the fall. The weird part is they have pockets you can reach right through. We grab tall boys or mixed drinks for the ride and pretty much foreplay was on the train.

    So one time the girl was like one hour later, damm I cant stay. I go no prob let me check train schedule. Turns out she lived in Sheeps head bay. No way back on LIRR and she lived at home. She goes can I drive you. Turns out I did not have a car at my place and like two bucks in my wallet.

    I actually grabbed my bike, rode to my Moms house got my old Mercedes and drove her home and she looked like the ultimate 80s Hose Monster.OMG, she had high heels, ripped stockings, smudged lipstick and her hair was like something about Mary. I pull into sidewalk in front of her house and I think in 1993 pre-gentrification of Brooklyn this Italian Mob neighborhood with old ladies in Moo Moos never saw a Mercedes Convertible pull into a driveway at two am on a Friday Morning. Girl goes you got to walk me in so I dont look like a tramp.

    I am like damm it she looks like she got a double cream pie and a gang bang. Anyhow she says she has her own apt area downstairs so I walk her in and I hear her Mom go is that you from upstairs. I bee-lined out door and thank God car waa there.

    I think back. WFT picks up girls at happy hour in Manhattan on weeknights after work and takes them to Queens. I mean I am too cheap or too broke to pay for a hotel or pay for a cab.
    Toxic Crayons says:

    September 3, 2014 at 1:50 pm

    Long live the tallboy.

  68. Libturd in the City says:

    I forgot about those long green coats with the fake pockets. I owned like three of them. Everyone used to wear one. Now, not so much.

  69. painhrtz - whatever says:

    JJ you are a giant amongst men with you alliterative prose. Long may you live sire, long may you live.

  70. homeboken says:

    66/67 – The article says he joined the force in 1990. 24 years. amazing

  71. jj says:

    The fake pockets were the best!!!! We used to keep track of what brand bottle beers they sold in some bars. The expensive bars we used to stick two beers in each suit pocket, open them in the trench coat and pull them out so first beers were free.

    We also did the “lick and roll” you know send first guy in to pay cover, have him leave and get a stamp, he licks it and rolls it on the back of you hand. One did a ten person lick and roll.

    Libturd in the City says:

    September 3, 2014 at 2:11 pm

    I forgot about those long green coats with the fake pockets. I owned like three of them. Everyone used to wear one. Now, not so much.

  72. jj says:

    Any story with a tall boy, cream pie and a trench coat has to be good.

    painhrtz – whatever says:

    September 3, 2014 at 2:13 pm

    JJ you are a giant amongst men with you alliterative prose. Long may you live sire, long may you live.

  73. Toxic Crayons says:

    Cheap beer in tall boys and tramps in trench coats…America’s gift to the world.

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

    [74] JJ,

    You da man. I remember the lick and roll (though we often did it right after the stamp so no licking req) but damn, 10 rolls?

    I was the king of my crew when it came to stashing drinks. The fake pockets I recall. I also figured out that I could get one beer each inside my motorcycle boots. But my forte was hiding beers in my car–we drove around in an old Duster with under dash vents that had doors. I figured out you could hide two beers on each side, close the vent doors, and the cops saw nothing but car when they searched it.

    One time, when a cop was questioning the driver, I was in the back seat. I cracked open the door and slid a six pack under the car. After the cop left, I told the driver to wait, retrieved it, and my friends were amazed at my stealth. Did something similar when the cops busted up our drinking party in the woods. After everyone else’s beer was in a puddle by the fire, and the cops had left, I reached into a log, pulled out a six, and said “who wants a beer?”

    The story of the 100 yard cooler dash will have to wait for another day.

    We could go on for 60 minutes with our stunts and tricks, I am sure. And I’m sure that we old guys could teach our kids more than we want them to know. Old Guys Rule!

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

    [47] Pete

    All those beer guys at Penn made my life on Amtrak and NJT tolerable. I think I will remember them in my will.

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

    [76] toxic

    “Cheap beer in tall boys and tramps in trench coats…America’s gift to the world.”

    Nah, I nominate JJ for that title. Very fitting, doncha think?

  77. Libturd in the City says:

    I could share a great story that puts all of your hidden beer cans to shame. It involves my brother who was pledging a fraternity, a keg and the old Giants Stadium.

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

    [80] libturd,

    I concede the title already. But JJ is still The Man!

  79. jj says:

    throw some BenWaa Balls and Numb Chucks into the story.

    Libturd in the City says:

    September 3, 2014 at 3:00 pm

    I could share a great story that puts all of your hidden beer cans to shame. It involves my brother who was pledging a fraternity, a keg and the old Giants Stadium.

  80. Libturd in the City says:

    I’ll share later tonight. If I have time.

  81. NJGator says:

    Juice 67 – YAWN about the sick day payout. Many of these jokers are collecting over 6 figures.

    How about the newly retired Superintendent of Union City. He’s getting $188k in payout for sick and vacation time and he’ll also be collecting a $167k/year pension.

    “Sanger, who does some fishing, said retirement will give him “More time for my family and friends.”

    “But he said he is proud of the work he has done to level the playing field for the city’s urban youth as compared to students in suburban districts. Union City is a so-called “Abbott” district, one of more than two dozen that receives millions from the state to bring spending up to par with more affluent districts.

    “I think the Union City School District has been regarded as a leader in urban education,” said Sanger, who was an assistant superintendent for three years and a principal of two elementary schools during his long career.

    “I was proud to say we met the intent of the New Jersey Supreme Court (Abbott) ruling … to narrow the achievement gap,” said Sanger who oversaw the district of nearly 13,000 students. “I think we were successful in doing that.”

    http://www.nj.com/hudson/index.ssf/2014/08/retired_union_city_superintendent_of_schools_to_get_188000_payout.html#incart_related_stories

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

    [84] gator,

    If the USG were to ever try to impose Abbott and Mount Laurel on a national scale, there’d be insurrection.

  83. essex says:

    64. This is why JJ earns the big bucks folks. Right here. On the $$$

  84. NJGator says:

    Nom 86 – Hold old is he? 65? We’ll be paying him more money in pension for the next 20 years than our current Superintendent in GR is allowed to earn for actually working under Fat Man’s salary cap.

    http://www.northjersey.com/news/glen-ridge-superintendent-agrees-to-contract-with-less-pay-1.689656

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

    [87] Gator,

    Don’t blame me, I didn’t vote for any of the enablers.

    Thankfully, whatever indirect funding I currently provide to that morass is de minimus.

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

    The latest limousine liberal to get nailed for evasion. . .

    http://www.bankrate.com/financing/taxes/vanessa-williams-faces-irs-tax-lien/

    Williams, Chris Tucker, Sinbad, Lil’ Kim, Wesley Snipes, . . . .I am sensing a pattern here.

  87. Juice Box says:

    FBI priorities right now

    http://i.imgur.com/wXWqtG4.gif

  88. joyce says:

    grim,

    Family member’s title insurance fees on HUD-1

    agent’s portion $1,383
    underwriter $285

  89. Michael says:

    Fast Eddie, is it making sense to you yet? This is what I’ve been trying to tell you, but I guess you just enjoy calling me an idiot. Guess this is why I make money and you don’t. Best part, when you finally do decide to become a serious buyer, you will be too late. Then you will be saying shoulda, coulda,… No idea why you don’t realize this is as cheap as it’s going to get.

    Statler Waldorf says:
    September 3, 2014 at 10:47 am
    Any questions?

    “29 consecutive months of price increases”

  90. Michael says:

    This def makes a lot more sense. 200,000 is def not lower middle class. Love you jj, but def off on this one. This is what happens when you are swimming in dough, 200,000 a year isn’t sh!t. Lol you lose track of reality.

    Guess this idiot is in the top 6.6% at 34 years of age. Not bad for a millennial born in 1980. My wife is also a millennial.

    A Home Buyer says:
    September 3, 2014 at 11:59 am
    30 – JJ

    In NJ 77.7% of all income tax returns single, married, married filed separately, etc. are less then 100K.

    15.7% are inbetween 100K and 200K…. leaving 6.6% above 200K.

    http://www.state.nj.us/treasury/taxation/pdf/pubs/soi_tables2011.pdf (Specifically the end of Table 1.7)

  91. Michael says:

    I don’t get why you think wage inflation won’t follow? The writing is on the wall….it’s coming. Deflation is not an option.

    Anon E. Moose says:
    September 3, 2014 at 9:47 am
    Post 4 is proof positive that anon does not buy food for himself, nor pay the bill therefor.

    If there’s been no inflation, why has housing rebounded? Is it because of his O’ness’ spectacular economic growth?

  92. joyce says:

    Because it hasn’t for almost two decades, idiot.

  93. Libturd at home says:

    So besides having to steal a ceramic tile from the New Jersey-New York mosaic on the center walls of the Lincoln Tunnel and painting the Greek letters of his fraternity on a boulder located on “The Rock” along the Lincoln Tunnel spur of the New Jersey Turnpike, there was a much tougher act that my brother David had to perform to get into his fraternity.

    Back in the 80s, well before the new Rutgers Stadium was built, the Scarlet Knights played their home football games in a tiny stadium that only seated 31,000 spectators maximum. Whenever Rutgers played a major foe, the school would travel up to the Meadowlands so more tickets could be sold for the event (though rarely were they ever). This particular time, Rutgers was playing Penn State. My brother’s pledge class was tasked to sneak a keg into Giant Stadium for the game which would certainly be no cakewalk. Even back then beers went for almost $6 a cup at Harry M. Stevens, so this was as much hazing as it was a necessity. So my brother rents a wheelchair, borrows some old lady clothes from a local Salvation Army and steals a set of Ben Wa balls from his girlfriend. Cleverly, he stuffs the ladies clothes with crumbled up newspapers and positions fake grandma in the wheelchair. Of course, the granny pants contain the hidden keg. Grandma’s head was positioned facing downward and to hide her lack of eyes, they put over her eyes a pair of one of those giant anti-glaucoma shaded glasses.

    As they entered the stadium their many days of planning couldn’t have gone any better. As they approached the gate, security wanted grandma to get out of the wheelchair to walk through the metal detector, but my brother said that he really didn’t want to wake up his grandmother if he didn’t have to. Security obliged my brother’s demands and decided to scan grandma with the portable metal detectors. Of course, as they approached her mid-section the detectors started squealing. My brother told security that grandma was pretty wild as he deftly removed the Ben Wa balls from granny’s pants pockets. Security was so stunned that they forgot to rescan her and my brother rolled newspaper granny right into the stadium. The rest, as they say, is ancient history.

    Sorry I couldn’t work the nun chucks into the story. It was hard enough to work in the Ben Wa balls. By the way, it’s a 100% true story and it really goes to show some of the youngsters here how times have changed. We’re all pussies know.

  94. jj (70)-

    Now that’s my idea of a trenchcoat mafia.

  95. Libturd at home says:

    I’m also surprised that that entire post got through first try.

  96. michael (94)-

    “Deflation is not an option.”

    The Fed and Treasury don’t get to choose, nincompoop.

  97. Michael says:

    Because it hasn’t for two decades automatically dismisses any chance of wage inflation in the future? If anything, it makes it more likely.

    joyce says:
    September 3, 2014 at 8:27 pm
    Because it hasn’t for almost two decades, idiot.

  98. Michael says:

    If deflation did actually occur, would it not be the equivalent of wage inflation for the consumer? There is no arguing that what the consumer can afford dictates price. If the country’s economic policy is against deflation at all costs, it’s only natural to push wage inflation in reaction to inflationary pressures on prices. All this minimum wage talk is just ground zero for wage inflation. If you want to start wage inflation how do you go about it? That’s right, you raise the minimum wage. It instantly puts wage pressure on every job above it.

    Uzis for Tykes says:
    September 3, 2014 at 9:08 pm
    michael (94)-

    “Deflation is not an option.”

    The Fed and Treasury don’t get to choose, nincompoop.

  99. Michael says:

    101- just wanted to add that the debt you always speak of is exactly why there will always be controlled inflation unless sh!t hits the fan, aka deflation. If we have deflation, it will destroy the govt, all big institutions carrying debt, and the army of mortgage holders out there. I’ll take my bet with inflation. I’ll also bet that wage inflation is coming, due to reasons already stated.

  100. The Original NJ ExPat says:

    Lib – good story, but I’m not sure I’m buying the metal detector part unless it was past 1982 or ’83 when I stopped hanging out at RU as I don’t remember any metal detectors at all. I went to most if not all of the Meadowlands Rutgers games starting with the first one which was against Alabama in 1980. Back then we had our own unique source of income to buy stadium beers inside and it was a very simple system. Every Rutgers student used to go pick up *all* of their tickets at the Rutgers Athletic Center in September. They just handed them to you in a big stack, football, basketball, I’m not sure if there were other sports, but those were the big two. In the days leading up to the Meadowlands pilgrimages we would just walk up and down the hallways of most adjacent dorms and collect all the tickets from kids who weren’t going to the game. We would get there really early and tailgate way deep in the parking lot with our own liquor and food and then as kickoff approached we just fanned out sold tickets as we approached the stadium. We didn’t try hard, we just got whatever we could and kept lowering our price as we got closer to the turnstiles until we were getting 1 buck per ticket almost as we entered the stadium. We used the money from those tickets to buy beer inside. Simple and free income. The other funny thing was there were lots of young black kids trying to get us to give them tickets for free so they could resell them, which was also industrious, I’ll give them that. They all had the same pitch, “I just want to see the game, help a brother see the game.”

  101. joyce says:

    If you flip a coin and it comes up heads 5 times in a row, on the next flip the odds of it coming up tails is still 1 out of 2.

    Michael says:
    September 3, 2014 at 9:29 pm
    Because it hasn’t for two decades automatically dismisses any chance of wage inflation in the future? If anything, it makes it more likely.

  102. joyce says:

    Deflation in what… in all prices, except the price of wages?

    Michael says:
    September 3, 2014 at 9:39 pm
    If deflation did actually occur, would it not be the equivalent of wage inflation for the consumer?

  103. joyce says:

    Or just eliminate those jobs via automation, off-shoring et al… where’d your pressure go?

    Michael says:
    September 3, 2014 at 9:39 pm

    raise the minimum wage. It instantly puts wage pressure on every job above it.

  104. Libturd at home says:

    There were no metal detectors. I had to work the Ben Wa Balls into the story!!!

  105. Michael says:

    Pressure is now on the businesses. The consumer can’t continue to support rising prices with falling wages. This effects businesses ability to grow, which puts pressure on their bottom line. Big govt will come to the rescue by raising minimum wage as a means of avoiding deflation at all costs.

    joyce says:
    September 3, 2014 at 10:42 pm
    Or just eliminate those jobs via automation, off-shoring et al… where’d your pressure go?

    Michael says:
    September 3, 2014 at 9:39 pm

    raise the minimum wage. It instantly puts wage pressure on every job above it.

  106. The Original NJ ExPat says:

    joyce – Do yourself a favor and just skip reading all the Michael posts. It saves you time and you can avoid the frustration of trying to pass on basic math and probability skills to someone who hit his Peter principle math ceiling probably two years before he dropped out of high school.

  107. The Original NJ ExPat says:

    Lib – LOL!

    I’ll don my pointy Michael hat and go sit in the corner now.

    There were no metal detectors. I had to work the Ben Wa Balls into the story!!!

  108. Libturd at home says:

    It’s pretty easy to ignore posters. I stopped reading Anon about a week ago.

  109. joyce says:

    Expat,
    Once again, you’re right. I’ve got 1 down thus far, the second soon enough.

  110. essex says:

    I’m really curious to see how the market responds once we put our little manse up for sale. It’s a complete scam though. We’ll dump over half a mill in another place….and then what. Live there?!!

  111. Michael says:

    “Those who say that there is no wage pressure are not looking at the data. The Fed looks at five different measures of wages: Average hourly earnings for all workers, Average hourly earnings for nonsupervisory workers, Employment Cost Index, Median usual weekly earnings, and Unit labor costs. One year ago all of these measures were flat and there was no sign anywhere of rising wage inflation. Today, 2-3 of these measures are on a clear uptrend, see charts below. This is not surprising given the labor market continues to tighten, including in the JOLTS data yesterday and NFP last week. Or put differently, if there really is so much slack in the labor market why are any of these wage measures then trending higher?”

    Read more: http://www.businessinsider.com/wage-pressure-charts-2014-7#ixzz3CJVWBGYy

  112. Theo says:

    story from the backwoods. Not all workers are getting minimal wage increases. I recently recommended all my staff get raises in the 4.5-5% range. To a man, they all received in excess of 6%. These are not money makers. We are talking back office support personnel.

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