Come back in 3 years

From HousingWire:

Zillow: Housing won’t normalize for at least 3 years

While a small percentage of people said they believe the housing market either already has returned to normal, or will in the next 12 months, 40% said it would take 3-5 years, which would be close to the ten-year anniversary of the financial crisis.

According to a recent survey by Zillow (Z) that interviewed 107 panelists, shifting demographics and would-be first-time homebuyers financially ill-prepared to buy will continue to hold back the housing market over the next several years.

The survey interviewed 107 panelists, asking them to predict the path of the Zillow home value index into 2019.

When asked when they expect the U.S. housing market to normalize, 30% of panelists said they expected the market to stabilize one to two years from now, and 40% said it would take 3-5 years. Just 20% said they believe the market either already has returned to normal, or will in the next 12 months.

“We’ve reached a point in the recovery where the only real cure-all is time,” said Zillow Chief Economist Stan Humphries. “The market remains very challenging for younger, first-time homebuyers who face an uphill battle saving for a down payment, qualifying for a mortgage and finding an affordable home to buy.”

But Humphries noted that it is not all bad news. “The landscape is slowly changing, as incomes begin to grow, negative equity fades and new households start to form. These shifts won’t occur overnight, but they are happening. Patience will be a virtue over the next few years as we wait for these traditional fundamentals to more fully take hold in the market,” he explained.

Additionally, panelists said they expect U.S. median home values to rise 4.8% in 2014, on average, to $176,760, and another 3.7% in 2015.

The national median home-price is predicted to exceed $196,400 – their 2007 peak –in February 2018.

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

112 Responses to Come back in 3 years

  1. Mike says:

    Good Morning New Jersey

  2. Juice Box says:

    What is a decade between friends? Still no interest on your savings accounts? No worries grandma we will just put you in the basement along with your 24 year old grandson Tyler.

  3. grim says:

    2 – Where they’ll both smoke dabs?

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

    So does this mean another three years of Fast Eddie’s movie critic style house reviews, or does he go on sabbatical for three years?

  5. Libturd in Union says:

    I got dibs on dabs.

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

    [5] expat,

    Funny stuff, and I see she brought back the Gravity B0ng, something I haven’t seen since college where we made them out of 1 and 2 liter soda bottles.

    I never thought “gravity” b0ng made sense, but I guess it sounds better than “suction b0ng” or “vacuum b0ng”.

    Now, who remembers the hockey stick b0ng?

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

    Of all the slang terms we had for weed, and we had a boatload of them, I don’t recall “dabs.” I am guessing it postdates my college years.

  8. Libturd in Union says:

    Dabs are the equivalent of yesterday’s hashish. It’s a bit like smoking the bong resin, only much more concentrated. It’s sort of like dehydrated pot. Super concentrated and you get super high. Then you listen to jam bands.

  9. Hashish – Mechanical Extraction of Resin.
    Hash Oil (Dabs) – Extraction of Resin using solvents.

    “The most common form of hash oil is made by passing liquid butane through a tube filled with cannabis plant matter. As the butane passes through the tube the crystallized resins are trapped in the liquid butane.”

    http://en.wikipedia.org/wiki/Hash_oil

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

    Yeah, we didn’t have dabs back in the day.

    You either loaded up your bowl with weed or hash, that was it.

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

    Really interesting development in the “prosecution” of Rick Perry

    http://www.washingtonpost.com/news/volokh-conspiracy/wp/2014/11/10/amicus-brief-supporting-the-dismissal-of-the-gov-rick-perry-prosecution-in-texas/

    There is some serious legal minds, some quite left leaning, who support the view that this prosecution was both politically motivated and baseless. Regardless of where you stand on the political spectrum, if you weren’t bothered by the abuse of power shown in this case, then I question your patriotism.

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

    er, there are, not there is. Duh. Coffee please.

  13. anon (the good one) says:

    @MotherJones:
    The richest 0.1 %of Americans is about to control more wealth than the bottom 90%

    The rise of wealth inequality is almost entirely due to the rise of the top 0.1% wealth share, from 7% in 1979 to 22% in 2012, a level almost as high as in 1929. The bottom 90% wealth share first increased up to the mid-1980s and then steadily declined. The increase in wealth concentration is due to the surge of top incomes combined with an increase in saving rate inequality.

  14. joyce says:

    14

    I’ll play along, Mr. Lawyer Extraordinaire… define: “patriotism” before I respond?

    Plus, I thought you weren’t a constitutional lawyer or scholar? As we all know, only those specific individuals can formulate worthy opinions on the matter.

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

    And now for something completely different. . . .

    http://www.advocate.com/comedy/2014/11/11/giggle-alert-anderson-cooper-gets-punkd-his-staff-air

    Because we could all use a laugh, and not the kind we get from reading anon and ottoman’s posts. Or clot’s, for that matter.

  16. Same here. I heard of hash oil, but never came across it. In the mid 1980’s Hashish itself was very plentiful in Northern NJ, sometimes easier to obtain that pot. The word was that it was coming in from Afghanistan. In retrospect, maybe US officials left the borders intentionally loose to this kind of traffic to back-door finance the Afghans against Russia?

    Yeah, we didn’t have dabs back in the day.

    You either loaded up your bowl with weed or hash, that was it.

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

    [19] expat

    Same in the early 80’s. Pot was hard to find but everyone had hash.

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

    The NJ Real Estate and High Times Report.

  19. anon (the good one) says:

    “As devastating as Tuesday night’s election was for Democrats—Republicans took control of the Senate and won a number of key governor races — it was actually an encouraging night for the progressive economic agenda.

    In four red states — Alaska, Arkansas, Nebraska and South Dakota — minimum wage ballot initiatives all passed easily.

    In San Francisco, voters overwhelmingly passed a $15 minimum wage — with notably little opposition from the business community. And in Illinois, voters sent a clear message through a non-binding advisory initiative that they want lawmakers to raise the minimum wage and fast.”

    @BillMoyersHQ: Last Tuesday was actually an encouraging night for the progressive economic agenda.

  20. Libturd in Union says:

    Passion Fruit. You still in PLUG?

  21. Libturd in Union says:

    “@BillMoyersHQ: Last Tuesday was actually an encouraging night for the progressive economic agenda.”

    Yeah…keep telling yourself that ya moron. Eventually it will lead to another Bush in the white house.

  22. Michael says:

    Once again, have I not been saying this for the past year or two. The market will return towards the end of the decade and pick up steam going into the next upwards cycle in the next decade. Stated the reasons why numerous times.

    “The national median home-price is predicted to exceed $196,400 – their 2007 peak –in February 2018.”

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

    Interesting development in law and the internet.

    http://www.nytimes.com/2014/11/09/technology/on-linkedin-a-reference-list-you-didnt-write.html?_r=1

    And I see from the article that Julie Brill (or as the wife and I, who each had our separate interactions with her, called her, “Julie Shrill”), is at it again. If Warren ever became president, she would put Brill on the Supreme Court.

  24. Michael says:

    Nope. I flipped the 15% profit I made from plug into this stock I have been talking about on here that has been doing great.

    Libturd in Union says:
    November 12, 2014 at 8:42 am
    Passion Fruit. You still in PLUG?

  25. Ragnar says:

    I found a story on anon, ottoman, and fabmax from back when they were in college.
    http://www.theonion.com/articles/marxists-apartment-a-microcosm-of-why-marxism-does,1382/

  26. jj says:

    Damm passenger side of my car is getting chipped at train station!!!! This is a sign the economy is over heating.

    Back in 2009 all the working couple who drive to train together at least one was laid off or fired. Which ment solo drivers to train. Everyone parked their drivers side closer to the passenger side of car next to them and no chips.

    Now we have all these women in cars on passenger side swinging their big purses and brief cases smacking my drivers door.

    Bad enough these lazy working women stick the stay at home moms with all the cupcake baking and carpool stuff while they are on facebook all day at their office but now they are smacking my drivers door and giving me chips. Cant wait till next recession so these worthless wives get out of my parking lot and back home doing some real work.

  27. 1987 Condo says:

    #29…the “Chip Indicator”

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

    [31] Condo

    “Chip Indicator”

    So Sayeth JJ…So Let It Be Written.

  29. [24] I hope it’s not Hillary’s.

    Yeah…keep telling yourself that ya moron. Eventually it will lead to another Bush in the white house.

  30. joyce says:

    So the whole lot is squished together with no room?

    jj says:
    November 12, 2014 at 9:00 am

    Everyone parked their drivers side closer to the passenger side of car next to them

  31. [34] It’s not the room, it’s the prevalence of passengers. I try my best to avoid door dents by parking strategically too. In the office parking lot I prefer a spot with nothing to my right and then I back into the spot (so now there is nothing on my left, as I’m backing in) leaving as much room as possible on the passenger side. I can swing my door wide because I have an end spot or one adjacent to a walkway and I’ve given tons of room on the other for a passenger door, but there probably won’t be any passenger anyway. The only possibility of a door swinging near my car is if the space next to me is filled by someone else who backs in. That doesn’t matter either because people who back into spots are good drivers who are trying to keep their own cars chip free.

    As I was walking into work one day I saw someone pull nose-in into a perfectly wide parking spot. The driver pulled in so badly he gave himself almost no room to get out of his car and the car was parked crookedly too. I had to wait for the driver to get out just to see. Yep, Asian.

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

    [35] expat

    Back in our youth, we had an unPC term we used for drivers like that: DWO.

  33. joyce says:

    35
    I understand what you’re saying, but it’s not possible for every driver to do that as end spots are limited. Just as it’s not possible for this advice below to help

    “Everyone parked their drivers side closer to the passenger side of car next to them”

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

    Man, that Kim Kardashian has a big a$$. Implants?

    Okay, enough of this. Salt mine beckons. . . .

  35. joyce says:

    FORT LEE, N.J. — An officer dressed in a Donald Duck costume caught dozens of motorists who failed to yield to a pedestrian on Halloween.

    “When you see a pedestrian, child, adult or duck, stop,” Police Chief Keith Bendul said. “Let them cross and proceed with your day.”

    http://7online.com/traffic/nj-drivers-who-didnt-stop-for-donald-duck-upset-over-tickets/385500/

  36. [39] Typo?

    “But it scared me. I’m a woman. This huge duck scared me.”

  37. Libturd in Union says:

    Why was the officer dressed as a duck? Why would they introduce such stupidity into the sting?

  38. nwnj says:

    Wait until that lady who is pi$$ed off about the $230 ticket goes to court to fight it. The “deal” they will offer here will be at least twice that much.

    I know someone who got pinched on that same spot by a plain clothed officer and it’s a major cash cow for the town.

  39. 1987 Condo says:

    #41…Styx…”Too much time on my hands”……

  40. [43] More like:

    #41…Styx…”Too much overtime on my hands”……

  41. joyce says:

    The handful of times I’ve seen that type of “sting” the plain clothes officer is always on the edge of the curb making drivers unsure of what/when/where he’s going. Cash cow is right. While, it may not be “impossible” for the drivers to stop, it’s damn near close.

    “The driver of a vehicle must stop and stay stopped for a pedestrian crossing the roadway within any marked crosswalk, but shall yield the right-of-way to a pedestrian crossing the roadway within an unmarked crosswalk at an intersection, except at crosswalks when the movement of traffic is being regulated by police officers or traffic control signals, or where otherwise prohibited by municipal, county, or State regulation, and except where a pedestrian tunnel or overhead pedestrian crossing has been provided, but NO PEDESTRIAN SHALL SUDDENLY LEAVE A CURB OR OTHER PLACE OF SAFETY AND WALK OR RUN INTO THE PATH OF A VEHICLE WHICH IS SO CLOSE THAT IT IS IMPOSSIBLE FOR THE DRIVER TO YIELD.”

  42. Anon E. Moose says:

    After “bridgegate”, I guess Ft. Lee police feel they’re owed a pass.

  43. Ragnar says:

    I guess because while drivers may stop for police officers, they don’t stop for normal people or trick or treaters. Maybe people routinely using this crosswalk complain that they can’t safely walk it.

    There are some houses about a mile from me built on a crooked busy road on a steep hill. In the straight portion, you gain speed unless you brake. The road is marked 25mph. The police frequently put up a speed warning sign, or have a police radar car hiding in wait. I suspect it’s in part because one or more of these homeowners imagine that if the police would just police harder, their home will magically become better located than it actually is. Sorry, that location will forever suck, and there will forever be cars speeding down that hill. I personally don’t go much over 30mph in that spot, so thus far haven’t received a ticket. But it’s pretty easy to get up to 45 without even trying, because of the straight steep downhill section.

  44. Libturd in Union says:

    Joyce,

    Montklair ran this sting a few years back sans the Donald Duck costume. It definitely altered peoples’ driving habits as many now stop for people in crosswalks as they do in California and many other less selfish locales in the country. Sadly, morons often try to pass you when you are on a road with a large shoulder stopped for pedestrians.

    Ultimately, the best thing a police department can do is to ticket the sh1t out of everyone. This is the strategy employed in Milltown, Somers Point and in Beach Haven (LBI), even Lynbrook, NY. Everyone knows the cops in these areas are super enforcers of traffic laws so no one dares go above the limit by even 1 MPH. Once that reputation is built, it works!

  45. anon (the good one) says:

    “Gold for immediate delivery traded at $1,156.89 an ounce in London yesterday and is about 40 percent below the record reached in September 2011.

    Prices will fall below $1,000 by mid-next year, according to the Natixis report.”

  46. Liquor Luge says:

    Housing comeback in three years? Add another 47-97 years, Einstein.

    Much wailing and gnashing of teeth. Wandering in the wilderness. End of days. Chinese water torture. Oblivion. Extinction.

  47. A state trooper was going to pull me over early Monday morning for doing a U-turn on yellow and not wearing a seat belt. It was still dark and I was feet from my home. I always wear my seat belt, I just don’t put it on until I’m actually moving. Even with a manual transmission, I put it on between 1st and 2nd gear, been doing it that way since I was about 25. Anyway, the U-turn over the trolley tracks on Commonwealth Ave is legal, but I did it through a yellow traffic light without my seat belt on and there was a state trooper stopped on red at the intersection and about to go my way. I stopped on the tracks and let him go first, which he did but he had his eye on me in the rear view mirror and was slowing in the left lane trying to make me pull next to him in the right lane and just as he passed the next intersection I turned right and I say him hit his brakes and grab his radio. I don’t know if he turned down the next block or backed up to follow me, but had I kept on my way he would have caught up to me one way or the other because this street only comes out one place. So with quick thinking, I turned right again, then right again coming back to the traffic light we both met at in front of my house. I parked my car and took my wife’s car and actually saw him still looking for me 5 minutes later.

  48. Liquor Luge says:

    Prolly too early to start eating barbecue.

  49. Fast Eddie says:

    “The market remains very challenging for younger, first-time homebuyers who face an uphill battle saving for a down payment, qualifying for a mortgage and finding an affordable home to buy.”

    Except for in the Northern NJ/NY area because come he11 or high water, this board will find a way to shine the light on numbers that illustrate otherwise. We’re insulated.

  50. LOL – I thought of and really almost stole your “gnashing of teeth, wandering in the wilderness” line when I read the same thing this morning.

    Housing comeback in three years? Add another 47-97 years, Einstein.

    Much wailing and gnashing of teeth. Wandering in the wilderness. End of days. Chinese water torture. Oblivion. Extinction.

  51. The phrase “gnashing of teeth” is found in several places in the Bible and is used exclusively in reference to the final judgment of sinners, either directly or in a parable. “Gnashing of teeth” is always combined with either “weeping” or “wailing.” The Greek phrase for “gnashing of teeth,” literally means “grinding one’s teeth together.” When combined with “weeping,” it can be compared to hitting one’s thumb with a hammer, squeezing the eyes closed and grinding the teeth together hard in reaction to the pain. Weeping and gnashing of teeth in Scripture, however, is much more dreadful, partly because it lasts for eternity.

    http://www.gotquestions.org/gnashing-of-teeth.html

  52. joyce says:

    I’d love to believe the traffic enforcement, such as your example, is primarily to change behavior. But I cannot get there. I’ll give the example of the shore towns that are less family and more drunken party places. They’ve given out who knows how many (thousands? millions?) of disorderly conduct tickets and the behavior remains each year… as does the $500+ revenue per ticket to the towns.

    Libturd in Union says:
    November 12, 2014 at 11:08 am
    Joyce,

    Montklair ran this sting a few years back sans the Donald Duck costume. It definitely altered peoples’ driving habits as many now stop for people in crosswalks as they do in California and many other less selfish locales in the country. Sadly, morons often try to pass you when you are on a road with a large shoulder stopped for pedestrians.

    Ultimately, the best thing a police department can do is to ticket the sh1t out of everyone. This is the strategy employed in Milltown, Somers Point and in Beach Haven (LBI), even Lynbrook, NY. Everyone knows the cops in these areas are super enforcers of traffic laws so no one dares go above the limit by even 1 MPH. Once that reputation is built, it works!

  53. grim says:

    More people need to be ticketed for jaywalking and crossing against the signals.

  54. Michael says:

    HOPEWELL TWP. — Months after losing its fight to obtain fiber-optic broadband Internet (FiOS), Hopewell Township is once again taking on Verizon, saying that the company is now turning its back by neglecting its copper wire telephone service and allowing it to deteriorate.

    http://www.nj.com/cumberland/index.ssf/2014/11/hopewell_township_asking_for_residents_help_in_ongoing_battle_with_verizon_over_broadband_coverage.html#incart_m-rpt-1

  55. Fast Eddie says:

    Try walking around Hoboken when the hipster d0uchebags with their hipster d0uche patches and hipster d0uche hits are weaving in and out of people on their bikes on the sidewalk. Women pushing carriages and walking with young children are like sitting ducks. I saw one deserving f.uck wipe out without hitting any bystanders and I wanted to cheer. It’s like an epidemic in this town.

  56. Libturd in Union says:

    Joyce,

    Some habits and reputations ARE much harder to break. It’s not an end all be all for all situations. But in Fort Lee, it would definitely work, as it does in Hoboken.

  57. Libturd in Union says:

    Market about to turn green again. Unbelievable.

    Rolling over Gators Fidelity 401k to her IRA (not with Fidelity), the hard sell to move the money to a Fidelity IRA was relentless. Even after pointing out all of their disadvantages. I nearly hung up on the schmuck. On the bright side, TD (our IRA holder), just came out with a nice cash bonus for doing the rollover even to an existing IRA. Veddy nice.

  58. You cannot drive to or from Eatons Neck without driving 2.7 miles on Asharoken Ave at 30mph.

    Asharoken, NY (North Shore Long Island):
    Total Housing Units 316 (100%)
    Median Home Value $866,935
    Average Home Value $848,696

    This is the worst ticket trap I ever saw. I never got caught in it, but this trap is operative 24 hours a day ticketing anyone going 1 mph over the limit.

    ASHAROKEN: Here in beautiful Suffolk County, the letter “A” is for ASHAROKEN a little residential community just North of Huntington, Centerport, and Northport. Don’t get me wrong – all these towns are great places to visit. Huntington is a hot spot for L.I. night life and downtown Northport is very charming and friendly. If, however, you decide to take the scenic drive up through Asharoken to Eatons Neck, beware – YOU ARE NOT WELCOME HERE. The only way in or out (by land, anyway) is through the speed trap of Asharoken-arguably, the most corrupt jurisdiction in Suffolk. The 30 mph speed limit is clearly posted as you enter Asharoken. With great pity, the local people will warn you to drive slowly, but nothing can prepare you for the severity of the enforcement you will find there. The “plus 10 mph” rule does not apply in this town! The Asharoken police will stop and ticket anyone going even one mph over the limit! Standard Operating procedure is to ticket you, even if you were doing only 31 mph, then write that you were doing 41. The joke on attorneys is that when uninitiated members of the bar come to conference their cases, the prosecutor will grudgingly offer to reduce the ticket back to the original b@#$l$*# charge of 31 mph! Thanks for nothing…

    http://www.avvo.com/legal-guides/ugc/long-island-speed-traps-theres-much-more—read-the-whole-article-at-wwwtraffic-lawyercom

  59. Libturd in Union says:

    And everyone slows down. The problem is, where the heck will the department generate revenue from? Property taxes. Yeah!

  60. Liquor Luge says:

    Fall into oblivion. Let the doom wash over you.

  61. Toxic Crayons says:

    Net neutrality protesters sing, chant at FCC chairman’s home
    By Ashley Killough, CNN
    updated 2:24 PM EST, Tue November 11, 2014

    http://www.cnn.com/2014/11/11/politics/fcc-chairman-protesters/index.html

  62. Toxic Crayons says:

    Send your comments about net neutrality to the FCC

    http://www.fcc.gov/comments

  63. Toxic Crayons says:

    AT&T will stop investing in high-speed fiber internet until net neutrality rules decided
    The company’s fiber projects are on pause while the FCC makes a decision

    http://www.theverge.com/2014/11/12/7203089/at-t-net-neutrality-fiber

  64. Libturd in Union says:

    “Net neutrality protesters sing, chant at FCC chairman’s home”

    All we are saying, is give TCP/IP a chance.

  65. Bystander says:

    #10 Lib,
    Re: Jam bands

    How many dabs until this sounds incredible?

    http://m.youtube.com/#/watch?v=leO5JrmMavU

    Disclaimer: I think last 5m are dabba-rific.

  66. Toxic Crayons says:

    Should N.J.’s gas tax go up? Enter questions you want Assemblyman Wisniewski to answer on Thursday

    http://www.nj.com/politics/index.ssf/2014/11/lawmaker_to_answer_questions_on_transportation_funding_during_live_chat_thursday.html

  67. jj says:

    Other issue is the men have station cars, usually smaller. Now with all the ladies we have SUVs and minvans making spots tighter, plus the guy code is being ignored dont park on top of a nice car. Usually is I have to jam a car I dont do it to a Vette or fancy BMW etc. I jam a junky Prius or something. The ladies will squish their minivan in anywhere. Next recession I can enjoy some peace, till them I deal with chips

    joyce says:

    November 12, 2014 at 9:57 am

    So the whole lot is squished together with no room?

    jj says:
    November 12, 2014 at 9:00 am

    Everyone parked their drivers side closer to the passenger side of car next to them

  68. Ragnar says:

    I think the elitist attitude of “government officials know best” was really made apparent by this Gruber guy’s comments congratulating himself and the administration for putting one over on the dumb electorate.

    This sort of stuff was also made more likely when Obama hired “Nudge” co-author Cass Sunstein to be his regulation czar, as Sunstein, rightly condemned as “America’s Goebbels”, has long advocated that the enlightened elites should “nudge” the masses into doing or not doing things that they are too stupid and behaviorally biased to accomplish via reasoned decisions. If one believes that the masses are too stupid to understand what’s good for them, as these elitists believe, then the must necessarily also believe that it’s a virtue to deceive them “for their own good”.

    “This bill was written in a tortured way to make sure CBO did not score the mandate as taxes,” Gruber said. “Lack of transparency is a huge political advantage. And basically, call it the ‘stupidity of the American voter’ or whatever, but basically that was really, really critical to getting the thing to pass.”

  69. Toxic Crayons says:

    Form to contact your state legislator about the gas tax hike.

    http://action.americansforprosperity.org/app/write-a-letter?0&engagementId=48921

  70. jj says:

    My favorite ticket was when I was 19 sitting at a traffic light on a side street for speeding right when light was about to turn Green.

    Crazy cop jumps out screaming he had been chasing me for three miles. I am like chasing me I have been sitting at this light for two minutes. He says he floored it to catch me and I was pulling away from him. I stopped at two lights previously and I peeled out so quick I still could not catch you and nut was almost going to pop a gasket. Anyhow I hand him my registration and he starts yelling Open the F@cking Hood, Open the F$cking hood I go ok, he looks in and goes WTF this car is listed as a six cylnder. Meanwhile prior owner dropped a 400 cubic inch engine in car and never changed title as it is a bunch of paperwork. So maniac comes back and gives me a speeding ticket and writes on back. in huge letters car is not a six cylnder car has a “modified race car engine” WTF is a modified race car engine.

    Anyhow one more ticket would cause me to get license suspended and did not have cash anyhow so plead inocent figured mabe plea bargain fine or points down. Cop was there and he remembered me and was about to testify and judge goes ticket has errors in it case dismissed. Cop was so mad he filled out ticket wrong. I ran the heck out before he could change his mind. But really are cops egos so fragile that 19 year old kids in a fast car could get them so upset. Funny part is it was not even my car, I borrowed it. So my brothers car is faster than you NYC cop car and you are mad. Of course it is faster. V8, posi rear, G60s, BM shifter, turbo 400 tranny, we bought it from a girl whose brother was a mechanic who raced cars, his sister had car 7 or 8 years and she told me he was always playing with it.

  71. Anon E. Moose says:

    TC [66];

    Net neutrality protesters sing, chant at FCC chairman’s home

    Which is why I loathe admitting to siding with their ilk on many an issue. None of the minimum-wage paid rent-a-mob (and not $15 an hour, either, those hypocrites) hired by leftist agitators has any fear that some Comcast heavy will visit them at their home.

    Can you just imagine what they might accomplish if they WEREN’T actively trying to make themselves as unlikeable as possible to the general public?

  72. 1987 Condo says:

    Nice rescue by FDNY at WTC

  73. anon (the good one) says:

    “Without any real competition in many parts of the country, I.S.P.s like Comcast, Time Warner, and Verizon are assiduously exploiting their market power to extract monopoly rents for an inferior product.
    That sentence will no doubt result in my being deluged with industry-sponsored studies purporting to show that this isn’t true.
    But the facts are pretty clear, and you only have to get on a plane to confirm them: in many parts of Europe and Asia, Internet connections are cheaper and better than they are in the United States.”

  74. anon (the good one) says:

    “The first and best option is to impose some real competition on the broadband providers. I’m not talking here about setting up cozy local duopolies that allow cable companies and telecommunications companies to charge excessive prices and engage in annoying restrictive practices, such as requiring customers to rent their modems or pay for backup batteries for their optical-network units.

    I mean forcing the likes of Comcast and A.T. & T. to lease out their broadband networks, at cost or only slightly above cost, to potential rivals, a practice known as local-loop unbundling. That’s what governments in many European countries do, and it’s one of the main reasons that prices over there are lower than they are here.

    Here’s a quick example: in the United Kingdom, Talk, Talk, a broadband supplier that relies on the fibre network owned by BT—formerly British Telecom—is currently offering unlimited broadband access for less than three dollars a month.

    A higher-speed service—up to thirty-eight megabits per second—costs about eleven dollars a month. In both cases, you have to rent a phone line, too, which costs an additional twenty-five dollars a month, but by American standards it still sounds pretty cheap.”

    @NewYorker: “Someone needs to defend the interests of ordinary Internet users.”

  75. Liquor Luge says:

    I won’t be happy until anon is denied internet access.

  76. anon (the good one) says:

    “A second, and some might say more radical, option is to provide broadband access through the government: to give Internet users a “public option.”

    (The sound you just heard was Ted Cruz having a heart attack.)

    Technologically speaking, there is nothing to prevent cities and other municipalities from building their own broadband networks and leasing them out to I.S.P.s with some affordable-pricing conditions attached.

    Stockholm does it, and Internet access in the Swedish city is famously good and cheap. The barriers to publicly provided Internet access in the U.S. are budgetary, political, and legal. At the behest of existing I.S.P.s, a number of states have introduced laws designed to prevent localities from providing Internet access. Even Wheeler says that he disapproves of such legislation, but it proliferates nonetheless.”

    @NewYorker: “Someone needs to defend the interests of ordinary Internet users.”

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

    Now that I have seen both of them on the internet, I like Chelsea Handler’s authentic booty better than Kim Kardashian’s silicone-enhanced keister.

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

    And no, I wasn’t looking for them, they found me. Still trying to get that Kardashian image out of my mind. Someone hand me the mental floss.

  79. Libturd at home says:

    “”A second, and some might say more radical, option is to provide broadband access through the government: to give Internet users a “public option.””

    Let’s just eliminate all private sector jobs and replace them with government jobs. Then we’ll have the perfect society. Perfect absolute gridlock where absolutely nothing works and fraud runs rampant.

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

    [71] toxic,

    NO, raise the sales tax or the income tax, not the gas tax.

    It’s the only NJ tax I still pay.

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

    [84] libturd

    “Perfect absolute gridlock where absolutely nothing works and fraud runs rampant.”

    You forgot that robust underground, black market economy.

  82. 1987 Condo says:

    Exactly, out of staters pay the gas tax…..mostly closely aligned with users…

  83. The Original NJ ExPat says:
  84. grim says:

    AT&T will stop investing in high-speed fiber internet until net neutrality rules decided
    The company’s fiber projects are on pause while the FCC makes a decision

    Wow, pulling a Wall Street tactic, eh?

    Do what we want, or the public gets it, ya hear? It sure would be a shame if we had to just turn everyone’s internet access off because of this, now wouldn’t it? We’re too big to fail now too.

  85. grim says:

    Raise the gas tax and include clothing in the sales tax.

  86. Libturd at home says:

    How about, reduce the size of government and put all campaign finance and lobbying dollars to infrastructure repair.

  87. Fabius Maximus says:

    #45 Joyce

    I beat this ticket a few months back. You have quoted the old law. The new law is :

    The driver of a vehicle shall stop and remain
    stopped to allow a pedestrian to cross the
    roadway within a marked crosswalk, when the
    pedestrian is upon, or within one lane of, the
    half of the roadway, upon which the vehicle is
    traveling or onto which it is turning.
    “Half of the roadway” means all traffic lanes
    conveying traffic in one direction of travel

    The within one lane of half of the roadway. If it is two lanes each direction if the person can be on the cross walk and you don’t have to stop.

    My guide to traffic tickets. Always plead Not Guilty. Read the law. Go back to the location and look around. Always come to court with physical evidence. Even if it is just a picture of the junction. It gives the prosecutor something to put in the file to justify a dismissal. Always be calm, confident, polite and slightly deferential. I came to court with a copy of the law, the diagram that explains when I could go and a picture of the junction with a big arrow on it showing how far the person could be in the junction before the law kicked it.

    Here is a good primer on the new law.
    http://wwbpa.org/StopforPedestriansLaw.pdf

  88. Fabius Maximus says:

    #23 (Previous Thread) Toxic
    American Thinker is like Wingnut Daily. Anytime someone quotes the Heritage Foundation you know where its going. It is interesting to compare their Wind stories with their Fracking coverage. Check this one.
    http://www.americanthinker.com/articles/2014/07/seven_facts_for_fracking_deniers.html

    My favorite
    Fact #1: Fracking, in and of itself, does not cause earthquake activity (or, for that matter, groundwater pollution or other harmful effects).

    I guess this guys English teacher didn’t make the distinction on what is a fact and what is an assertion.

    My biggest gripe with the posts on wind turbines is that all the negative comparisons are based on the state of the industry 30 years ago. That’s like having the Net Neutrality debate based on AOL dial up speeds.

  89. Fabius Maximus says:

    The funniest response to Ted Cruz.
    http://theoatmeal.com/blog/net_neutrality

  90. Fabius Maximus says:

    #89 grim.
    That’s convenient, I smell BS. How much resisential fiber vs backbone. I don’t think people are making the distinction between the ISPs providers and the Tier 1 providers that sell to them. AT&T and Verizon are the only ones with a foot in both camps.

    P.S. Check your mail.

  91. Libturd at home says:

    I and most are for net neutrality. Always have been. But Cruz position clearly shows how well our government works, which is why they should not be trusted to pool resources and divide them equally. Laws are fine.

  92. Anon E. Moose says:

    Tool [81];

    “A second, and some might say more radical, option is to provide broadband access through the government: to give Internet users a “public option.”

    What a great idea. Then the NSA won’t even have to strong-arm private companies in secret kangaroo courts to get your data; they’ll already have it.

  93. anon (the good one) says:

    @thinkprogress: ‘Ready For War’: 1,000 police officers mobilized in advance of grand jury ruling in Ferguson

  94. Michael says:

    Lmao… Good stuff

    grim says:
    November 12, 2014 at 5:09 pm
    AT&T will stop investing in high-speed fiber internet until net neutrality rules decided
    The company’s fiber projects are on pause while the FCC makes a decision

    Wow, pulling a Wall Street tactic, eh?

    Do what we want, or the public gets it, ya hear? It sure would be a shame if we had to just turn everyone’s internet access off because of this, now wouldn’t it? We’re too big to fail now too.

  95. Juice Box says:

    Google with their fiber roll-outs are breathing down AT&T’s back. I doubt AT&T will scale back, the face getting their lunch eaten in places like Austin.

    http://www.cnet.com/news/at-t-finishes-roll-out-of-1gbps-connection-in-austin/

  96. Liquor Luge says:

    Really, the best beverage pairing for BBQ is ice-cold malt liquor.

  97. Juice Box says:

    QE Metastasized

    Nomi Prins

    Monday, November 10, 2014

    A funny thing happened on the way to the ‘end’ of the multi-trillion dollar bond buying program known as QE – the Fed chronicles. Aside from the shift to a globalization of QE via the European Central Bank (ECB) and Bank of Japan (BOJ) as I wrote about earlier, what lingers in the air of “post-taper” time is an absence of absence. For QE is not over. Instead, in the United States, the process has simply morphed from being predominantly executed by the Federal Reserve (Fed) to being executed by its major private bank members. Fed Chair, Janet Yellen, has failed to point this out in any of her speeches about the labor force, inflation, or inequality.

    The financial system has failed and remains a threat to us all. Only cheap money and the artificial inflation of asset values can make it appear temporarily healthy. Yet, the Fed (and the Obama Administration) continue to perpetuate the illusion that making the cost of (printed) money zero by any means has had a positive effect on the population at large, when in fact, all that has occurred is a pass-the-debt-ponzi-scheme co-engineered by the Fed and big US bank beneficiaries. That debt, caught in the crossfires of this central-private bank arrangement, is still doing nothing for American citizens or the broader national or global economy.

    The Fed is already the largest hedge fund in the world, with a book of $4.5 trillion of assets. These will plummet in value if rates rise. Cue the banks that are gearing up their own (still small in comparison, but give them time) role in this big bamboozle. By doing so, they too are amassing additional risk with respect to interest rates rising, on top of all their other risk that counts on leveraging cheap money.

    Only the naïve could possibly believe that the Fed and its key banks haven’t been in regular communication about this US Treasury security shell game. Yet, aside from a few politicians, such as former Congressman Ron Paul, Congressman Sherrod Brown and Senators Bernie Sanders and Elizabeth Warren, the notion that Fed policy has helped bankers, rather than other people, remains largely divorced from bi-partisan political discussion.

    Adding more fuel to the central-private bank collusion fire, is the fact that the Fed is a paying client of the JPM Chase. The banking behemoth is bagging fees for holding and executing transactions on the $1.7 trillion New York Fed’s QE mortgage portfolio, as brilliantly exposed by Pam Martens and Russ Martens.

    Wouldn’t it be convenient if JPM Chase was also trading this massive mortgage book for its own profits? Or rather – why wouldn’t they be? Who’s going to stop them – the Fed? Besides, they hold more trading assets than any other US bank, so why not trade the Fed’s securities ostensibly purchased to help the public – recover?

    According to call report data compiled by the extremely thorough website http://www.BankRegData.com, nearly 97% of all bank trading assets (including US Treasuries) are held by just 10 banks, led by JPM Chase with 43.80% and followed by Citigroup at 24.51% of all bank trading assets.

    Last quarter, US Treasuries were the fastest growing form of security bought by banks, increasing by 26.3% or $72 billion over the prior quarter. As the Fed tapered, banks stepped in to do their part in the coordinated Fed-private bank QE game. In the past year, banks have added $185.8 billion of US Treasuries to their books, more than doubling their share of government debt.

    Just seven banks comprised nearly all ($70.5 billion) of this quarterly increase: State Street Bank, Capital One, JPM Chase, Wells Fargo, Bank of America, Bank of NY Mellon and Citigroup. By the end of the third quarter of 2014, Citigroup, with $95 billion, was the largest holder of US Treasuries, followed by Bank of America at $54.8 billion and Wells Fargo at $37.8 billion from nearly zero at the start of 2014. Bank of NY Mellon holds $25.3 billion and JPM Chase holds $15 billion US Treasuries.

    This increase in US Treasury holdings reflects another easy money element of our federally subsidized banking system. Banks take deposits from individuals for which they pay close to zero in interest, in fact, charge customers fees for keeping their money (courtesy of the Fed’s Zero-Interest-Rate policy.) They can turn that around to make a cool risk-free 2.3% by parking the money in 10-year US Treasuries. Why lend to Joe the Plumber, when the US government is providing such a great deal?

    But, the recent timing here is key. Banks only started buying US Treasuries in earnest when the Fed announced its tapering plans. Thus, not only are they participants in the ZIRP game as recipients of cheap money, they are complicit in effecting monetary policy. As the data analyzed so expertly by Bill Moreland at http://www.BankRegData.com makes clear, there has been no taper. Thus, the publicized reason for tapering – better job and economic growth – is also bogus.

    During the third quarter, Wells Fargo and Bank of America matched Fed purchases of US Treasuries, keeping the total amount of US Treasuries in QE land neutral. With such orchestration to keep rates down and the prices of US Treasury securities up, all the talk about whether the labor force is strengthening or inflation exists or not is mere show. Banks haven’t even propped up the labor market in their own industry. They chopped 11,400 jobs last quarter. In the past two years, they cut 57,236 jobs.

    No sucessful candidate in either political party mentioned any of this during the mid-term elections. Yet, our political-financial system has gone from the dysfunctional to the failed to the surreal. Speculation, once left to individuals and investors, is now federally sponsored, subsidized and institutionalized. When this sham finally buckles and the next shoe falls and rates do eventually rise, the stock market will tank, liquidity will die, and the broader economy will plunge into a worse Depression than before. We are not there yet because of these coordinated moves and the political force behind them. But we are on a precarious path to that inevitability

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

    Imagine a Montclair the size of a county and that’s Montgomery County, MD. I used to live there and while I did, they tried twice to vote themselves higher income taxes than what was permitted under MD law. So this move comes as no surprise, even if it isn’t clear if it was a PC move or an anti-PC move.

    http://www.washingtonpost.com/local/education/christmas-stricken-from-school-calendar-after-muslims-ask-for-equal-treatment/2014/11/11/f1b789a6-6931-11e4-a31c-77759fc1eacc_story.html

  99. Liquor Luge says:

    Muslims should move the fcuk to Saudi if they want to be able to control the skool calendar. Until then, piss off.

  100. Michael says:

    103- If I move to a Muslim country, will they set aside days for Christian religions?

  101. Hughesrep says:

    104 / 106

    Any school days off for your kids in October this year? December? April?

  102. Grim says:

    105 – if I recall correctly didn’t sears/Kmart attempt this same strategy about 20 years ago?

  103. Liquor Luge says:

    Grim (109)-

    The original expectation was that Lampert would sell the underlying RE on the open market. He waited too long into the commercial/retail RE collapse to offer the properties, and the market immediately told him his inventory was worthless. His REIT for the acquisition of this garbage is a magnet for suckers.

  104. Liquor Luge says:

    I remember fools like Cramer calling SHLD a pure RE play back in Lampert’s early days. It still is a pure play, as in pure shit.

    His kidnappers should’ve whacked him.

  105. Liquor Luge says:

    I’m a Druid. When are my kids’ skool days off?

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