Monthly foreclosures jump. End in sight? Nope.

From HousingWire:

RealtyTrac: Foreclosures increase for two months straight

Foreclosure filings, including default notices, scheduled auctions and bank repossessions, increased 15% from last month but are still down 8% from a year ago levels, RealtyTrac’s October Foreclosure Market Report said.

This is the largest month-over-month increase since U.S. foreclosure activity peaked in March 2010.

In October, a total of 59,869 properties were scheduled for foreclosure auction during the month, up 24% from the previous month and up 7% from a year ago to the highest level since May 2013.

Scheduled foreclosure auctions in judicial foreclosure states, where foreclosures are processed through the court system, increased 21% from the previous month and were up 3% from a year ago and.

Meanwhile, scheduled foreclosure auctions in non-judicial states increased 27% from the previous month and were up 14% from 2013.

But this news is not a significant surprise, Daren Blomquist, vice president at RealtyTrac, said.

“Over the past three years there has been an average 8% monthly uptick in scheduled foreclosure auctions in October as banks try to get ahead of the usual holiday foreclosure moratoriums,” said Daren Blomquist, vice president at RealtyTrac.

However, Blomquist added that the sheer magnitude of the increase this year demonstrates there is more than just a seasonal pattern at work.

“Distressed properties that have been in a holding pattern for years are finally being cleared for landing at the foreclosure auction,” he said.

In addition, scheduled foreclosure auctions increased from a year ago in 29 states, including Oregon (up 399%), North Carolina (up 288%), New Jersey (up 118%), New York (up 89%), Connecticut (up 60%) and Nevada (up 53%).

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

92 Responses to Monthly foreclosures jump. End in sight? Nope.

  1. Fabius Maximus says:

    Gary,

    I found you a house. I think it might be a little out of your price range, but I think it would suit.
    http://www.bbc.com/news/world-us-canada-30038660

  2. Fast Eddie says:

    Fabius,

    I saw it last night. I bet it’ll go quick. Probably my favorite movie. :-)

  3. 30 year realtor says:

    Urban properties dominate the sales in North Jersey. Essex County leads the way in volume of sales. Hudson only holds sales every other week but is 2nd in volume followed by Bergen. Bergen sale attracts the greatest number of professional bidders and the competition is intense.

  4. 1987 Condo says:

    #4…what is the plan for these properties in Essex that are being bought?

  5. Michael says:

    5-njpundit 2 minutes ago
    @Jack Barnett NJ used to allow “RCA’s”, regional contribution agreements, which allowed municipalities to charge affordable housing fees on developers & then instead of creating urban sprawl by building new housing which creates a need for more gov’t services, they were allowed to have agreements with urban cities sending much needed money to the cities. Then some uneducated jerks said this was a racist policy that needed to be abandoned. Too bad because it worked.

  6. 30 year realtor says:

    We have yet to make a purchase in Essex. Trying to avoid urban areas, oil tanks and massive rehabs of large money pit properties is challenging. This leaves only a small portion of the county where the fewest foreclosures are.Goal is always the same, make a profit by reselling.

  7. Comrade Nom Deplume, at Peace With The Trolls says:

    I was speaking to some lawyers at the firm where I am pinch hitting on benefits work, and I expressed the view that the two most impactful court decisions from the NJSC in modern times were Abbott and Mount Laurel.

    General agreement on that point.

  8. Comrade Nom Deplume, at Peace With The Trolls says:

    Oh, Joyce, got something for you . . .

    http://www.cnbc.com/id/102184549?trknav=homestack:topnews:9

  9. 1987 Condo says:

    #9..as a New Yorker that moved here in 1986, and also took a grad course in Urban Planning where we dug into the Abbott, my feeling is that Abbott v. Burke is what has “destroyed” the state. The fact that something like 80% of the income tax collected goes into those districts that have shown no real progress in 30+ years…while driving up admin costs of education across the state is quite a shame…(Mt. Laurel hasn’t helped)

  10. Comrade Nom Deplume, at Peace With The Trolls says:

    [11] Condo,

    I took a similar grad course at Harvard, and I seem to recall we focused in part on the sinkhole that was then the Boston public school system.

    I recall we also studied the proposed Red Line Extension and decades later, I remember hearing the same issues coming up when DC Metro proposed extending some lines.

  11. Not Comrade says:

    Comrade, both of them work in the Jerzy way of working.

    Regarding Abbott. I have a relative that in that stupid youthful way (she thought she could change him), became a single mother at 19. The Abbott program in her Hudson County municipality where excellent, allowing her the 6 yrs+ to get her act together, allowing maturity to set in. She then moved to a better town with “liberal style” after school care program. Overall, has done really well. I have to say, that without that Abbott early few years, there is no way she would have been able to pay for daycare, and get and keep her present job. Those Abbott daycare that covered 12 -14 hours, were amazing. Allowing her to commute to/from her job, do personal appointments and grocery shopping (hooray for BJs) in a very efficient manner.

    About Mount Laurel, it also works. I would agree that the RCA were better. To give you an example. If remember correctly, Alpine paid Fairview for its share of Mount Laurel. Logically, an economically challenged person would do better in Fairview then Alpine, with Fairview’s better public transportation and community resources.

    Now both, Laurel and Abbott can be corrupted by local politics.

    Is it likely that Fairview had/has people in its Alpine RCA program that had no right being there, but were put there because of “connections”, and the party that truly needs it, can’t get?. You bet is likely.

    It’s likely that many of Abbott service provider/contract winners are family/relative/ campaign donors of local politicians and/or member of their political machines. You bet is likely.

    Overall, they all work. Just like Geithner, Paulson, et al. Made sure the bank bail-out work to bail-out their inner circle first and primarily, with crumbs to everyone else.

  12. chicagofinance says:

    After Bono’s luxe luggage was lost in midair somewhere over Germany on Wednesday — during a (luckily not disastrous) private flight from Dublin to Berlin for an awards show — some fans mercilessly poked fun at the high-flying rocker, who recently ruffled feathers with his band’s overly aggressive iTunes record release.
    The hatch on Bono’s Learjet blew off in midair and his bags blew away as the plane kept flying.
    “Another unwanted download,” sniffed an online commenter, while another added, “Bono’s management is denying that his luggage has been automatically installed onto the roof of someone who just bought the new iPhone.”
    Other tweeted zingers included: “I still haven’t found what I’m looking for ­#bonoluggage”; “North Germans who discover Bono’s luggage are going to have a huge sunglasses and leather jacket party tonight”; “Good thing he wasn’t sitting too close to The Edge”; and “U2 still dropping their content on people who don’t want it.”
    The rest of U2, including The Edge, was not on-board, but some of Bono’s pals also lost their suitcases.
    In October, Bono acknowledged irritated Apple users who didn’t appreciate U2’s new album being automatically added to their iTunes libraries, saying that his band “might have gotten carried away with ourselves.”

  13. nwnj says:

    #12 Nom, it looks like the societal dregs and their handlers who brough the Abbott system to NJ have recently set their sights on PA.

    Would anyone be surprised with Wolf coming into office if this advances? It can’t be a coincidence that this was filed right after he won the election.

    http://www.pennlive.com/midstate/index.ssf/2014/11/school_advocates_sue_pennsylva.html

  14. Toxic Crayons says:

    I like this guys comment better Michael….kind of reminds me of you.

    NJEA_likes_me 3 minutes ago
    @kilroyjc @NJEA_likes_me @Breaking Rocks! @blogging_2014

    That is how liberals argue
    It is like playing chess with a pigeon, the pigeon will be losing, then knocks over all the pieces and craps on the board. Then struts around like it is victorious.

    Michael says:
    November 14, 2014 at 8:13 am
    5-njpundit 2 minutes ago
    @Jack Barnett NJ used to allow “RCA’s”, regional contribution agreements, which allowed municipalities to charge affordable housing fees on developers & then instead of creating urban sprawl by building new housing which creates a need for more gov’t services, they were allowed to have agreements with urban cities sending much needed money to the cities. Then some uneducated jerks said this was a racist policy that needed to be abandoned. Too bad because it worked.

  15. Comrade Nom Deplume, at Peace With The Trolls says:

    [13] not me (thankfully!)

    If you like your plan, keep it.

    As for Wolf, I think that the torches and pitchforks (and a number of AR-15s and shotguns) would descend on Harrisburg if that were tried here.

  16. Comrade Nom Deplume, at Peace With The Trolls says:

    Haters gonna hate . . .

    http://news.yahoo.com/fergusons-neighbor-warns-residents-to-prepare-for-the-worst-195047018.html

    How long before the good reverend Al castigates this on MSNBC as Gretna-style racism?

  17. Libturd in Union says:

    Wow…she used this developmentally disabled man as a d1ldo. That’s pretty f’ed up. Worst of all, she claims he consented by moving his hands over a keyboard much like one works a Ouija board. I can’t imagine the sex was very good if she had to do the same with his hands on her …

  18. Libturd in Union says:

    They should make a fenced in protest zone in Ferguson. Have old abandoned cars that the fools can ignite, maybe have some fake stores with old CRT TVs that no one wants anymore that they can loot. Then lock the gate and drop some explosive diarhea inflicted Ebola victims into the perimeter. Televise the whole event on pay-per-view and use the money to rebuild the shops destroyed the first time around by these dumb animals and their progressive hipster defenders who feel it’s OK to steal and physically abuse small business owners and to reach into a cop car and bust an officer’s eye socket while reaching for his gun.

  19. joyce says:

    http://nypost.com/2014/11/12/new-bill-would-require-cops-to-get-search-consent-from-suspects/

    Members of the City Council are introducing a bill that would force cops to get written or audio permission from a suspect before they could conduct a search, The Post has learned.

    Under legislation being introduced Thursday, police officers would have to get consent for searches when they don’t have a warrant, aren’t making an arrest or don’t have probable cause.

  20. Comrade Nom Deplume, at Peace With The Trolls says:

    Being a Cantabridgian by birth means that The University and The Game mean only one thing to me.

    That said, I am not a fan of The University just because I was born there. So in honor of the upcoming Game, I posit one of the better pranks played on Harvard by the Yalies:

    http://www.bostonmagazine.com/news/blog/2013/11/21/throwback-thursday-harvard-fans-declared-suck/

    It isn’t MIT-Cal Tech, but it was still pretty funny.

  21. [22] She has a rack-o-plenty, so that counts for something.

  22. homeboken says:

    Regarding 5 (Affordable Housing) the author of that Op/Ed is one of the most worthless d!ckwads in the city of Hoboken, which is chock-full of worthless politco d!ckwads (see Russo, Cammarano, Barry, et all).

    Ask Fast Eddie to chime in on Mr. Carmelo. His removal from the HHA and failed political ambitions, wire-wearing fubmles etc are the stuff of legend.

  23. Libturd in Union says:

    “She has a rack-o-plenty”

    Well she could use that to her advantage when she’s wearing orange.

  24. Toxic Crayons says:

    27 –

    Did you see the picture which described the income limits for section 8 housing?

    Family of 4 making $61,500 is poor? I know…Hoboken is expensive but, aren’t there places someone making that much can live in NJ?

  25. Libturd in Union says:

    Looks like someone unplugged PLUG.

  26. Michael says:

    lol…she is taking a beating.

    Libturd in Union says:
    November 14, 2014 at 10:27 am
    Looks like someone unplugged PLUG.

  27. Yeah. It’s called PA.

    Family of 4 making $61,500 is poor? I know…Hoboken is expensive but, aren’t there places someone making that much can live in NJ?

  28. Xolepa says:

    The part of the whole Mt Laurel decision that makes me upset is that now towns are required to set aside (i.e. mandate) low-income housing units for each new-hire in the municipality. Example: 4 new jobs=1 new low income housing unit.

    Guess what? Towns now don’t want new businesses. My town here in Hunterdon decided to go that way. They would rather concentrate on buying up open spaces and keeping the taxes down that way.

    BTW, thank you North Jersey folks for passing some of our tax money back to where it first came from. We love open space money!

  29. Michael says:

    This is the problem with places that become very expensive to live in. The regular workers need a jump up in pay to survive and be able to partake in the system to keep it functioning. For example, so you now need to pay teachers and cops 100,000. You can’t pay them less, or they will hit this 61,000 poverty line. This is what people don’t get that live in high costs areas. They complain about how much they have to pay people, but forget about the insane cost of living. We are not alabama. We can’t pay those low wages here.

    Toxic Crayons says:
    November 14, 2014 at 10:24 am
    27 –

    Did you see the picture which described the income limits for section 8 housing?

    Family of 4 making $61,500 is poor? I know…Hoboken is expensive but, aren’t there places someone making that much can live in NJ?

  30. Ottoman says:

    Um no. it’s not a “fact” that something like 80% of the income tax collected goes into those former Abbott districts. Up to about 70% of the total of state aid sent to schools goes to those districts. Fukchead Christie has even said so in speeches. But facts never really matter when you’re looking to vilify poor people to make yourself look better.

    BTW, 20% of all kids enrolled in New Jersey schools are in those 31 former Abbott districts so it’s not like we’re talking about a few people benefiting. Its 1/5 of the entire state.

    “#9..as a New Yorker that moved here in 1986, and also took a grad course in Urban Planning where we dug into the Abbott, my feeling is that Abbott v. Burke is what has “destroyed” the state. The fact that something like 80% of the income tax collected goes into those districts that have shown no real progress in 30+ years…while driving up admin costs of education across the state is quite a shame…(Mt. Laurel hasn’t helped)”

  31. Libturd in Union says:

    “so it’s not like we’re talking about a few people benefiting. Its 1/5 of the entire state.”

    Show me the improvement!

  32. chicagofinance says:

    Coming soon to Montklair:
    Solar bike path is being tested in Netherlands
    Small section is generating electricity for national energy grid; U.S. company shows future of solar panels on roadways is a feasible replacement to concrete

  33. Ragnar says:

    South Park on how high school girls should deal with pregnancy:
    http://southpark.cc.com/clips/165718/how-white-girls-cheat
    Lots cheaper than Abbott district funding.

  34. What the heck is a “former” Abbot District? Isn’t that an oxymoron, like former alcoholic? Nobody expects these school systems to improve, they just get extra money forever, right?

  35. Libturd in Union says:

    Has there ever been a former Abbot District?

  36. joyce says:

    35, 39
    I didn’t catch that the first time. Yeah, what the heck is that?

    80% is such a crazy figure, but 70% is okay.

    I mean it is going towards 1/5 of the state. Even if that were true, it would be horrible. It’s actually only going towards 1% of that 1/5… it sure as hell isn’t making it’s way into the classrooms.

  37. 1987 Condo says:

    #35….sorry for not having all the facts…but you get the point. I also am not vilifying anybody, I’d hoped that money goes to actual families and teachers not administrators and building contractors. My spouse is a teacher, btw. The point is that success has been limited and the concept of the NJ State Income tax was to specifically reduce property tax burdens and shift monies to the Abbott districts….while a noble and worthwhile concept, execution has been less so

    “New Jersey’s original school finance case was one of the nation’s earliest. In 1973, two years after the first decision in California, a state judge ruled in Robinson v. Cahill that New Jersey’s school funding system, which resulted in huge disparities in spending between wealthy and low-income districts, violated the state constitution’s guarantee of a “thorough and efficient system” of education for all children. In response, the legislature in 1976 created the state’s first income tax to boost spending on poor districts.”

    http://www.civilrights.org/publications/reports/education-equity-report/new-jersey-a-30-year-case.html

  38. Toxic Crayons says:

    What’s your take? Good or bad?

    joyce says:
    November 14, 2014 at 10:10 am
    http://nypost.com/2014/11/12/new-bill-would-require-cops-to-get-search-consent-from-suspects/

    Members of the City Council are introducing a bill that would force cops to get written or audio permission from a suspect before they could conduct a search, The Post has learned.

    Under legislation being introduced Thursday, police officers would have to get consent for searches when they don’t have a warrant, aren’t making an arrest or don’t have probable cause.

  39. 1987 Condo says:

    Perhaps the greatest injustice with the current School Funding is that 70% (from #35) of all school funding goes to just those 31 Districts representing 1/5 students, this focus on those districts precludes appropriate funding for those “near” Abbott type districts, those districts that were not designated years ago but are certainly not rich and could use additional funds are, in my opinion, shortchanged.

  40. homeboken says:

    Toxic & Mike – As with most reporting, the article is just incorrect with quoting the 4% income level and calling that poverty.

    The real data for Hudson County Area Median Income is:
    2014 4 person AMI – 63,300
    2013 4 person AMI – 61,600

    That is the MEDIAN. so calling that poverty is wrong. Most subsidized housing, S8, LIHTC etc require residents that make no more than 60% of AMI. So the accurate figure is that a family of 4 in Hudson county that makes $38,610 or less in 2014 could qualify for affordable housing.

  41. homeboken says:

    edit – 4% should have been 4 person

  42. NJT says:

    #40 “Has there ever been a former Abbot District?”

    Now that’s funny!

  43. http://www.politifact.com/new-jersey/statements/2011/dec/01/chris-christie/Chris-Christie-claims-31-former-Abbott-districts-r/

    Here is the lowdown on “former” Abbott districts:

    http://www.politifact.com/new-jersey/statements/2011/dec/01/chris-christie/Chris-Christie-claims-31-former-Abbott-districts-r/

    Chris Christie claims 31 former Abbott districts receive 70 percent of the state aid

    “Here’s a quick history lesson about the former Abbott districts:

    In a legal battle stretching about 30 years, the Abbott vs. Burke court decisions have ensured greater state funding for certain districts as a way of addressing disparities between poor urban areas and the wealthier suburbs. The Abbott designation itself was effectively eliminated a few years ago when the new school funding formula was instituted.

    The New Jersey Supreme Court issued the most recent decision in May, ordering the Christie administration to increase state funding to the former Abbott districts by nearly $500 million.

    With that additional funding, the 31 former Abbott districts are slated to receive a total of about $4.4 billion in K-12 state aid in the 2011-12 school year. That’s about 57.6 percent of the roughly $7.6 billion in total K-12 aid.

    Among the former Abbott districts, Newark is to receive the largest K-12 aid award at about $714 million, followed by Jersey City with about $417 million; Paterson with roughly $398 million; and Elizabeth with about $356 million.

    The 31 districts also are set to receive 92 percent of the state’s preschool aid during the current school year, totaling about $569 million.

    So, between the K-12 aid and the preschool aid, the former Abbott districts are to receive about 60 percent of the state aid in New Jersey.”

  44. “If not for the cas1nos, Atlantic City would qualify as one of the state’s so-called Abbott districts, which are generally poorer and receive special assistance, Sweeney said.”

    http://www.njspotlight.com/stories/14/11/12/is-atlantic-city-in-line-for-a-state-appointed-emergency-manager/

  45. Comrade Nom Deplume, at Peace With The Trolls says:
  46. NJT says:

    #48 “The New Jersey Supreme Court issued the most recent decision in May, ordering the Christie administration to increase state funding to the former Abbott districts by nearly $500 million”.

    Even funnier! (gotta laugh otherwise…).

  47. Anon E. Moose says:

    Lib [30];

    You saw the pump? This is what that other part looks like.

  48. joyce says:

    43
    Better

  49. Libturd in Union says:

    Moose (52):

    Exactly.

    Personally, I steer clear of both.

  50. Toxic Crayons says:

    Gun Manufacturer Colt Warns of Possible Default
    Company Is Likely to Miss $10.9 Million Payment to Bondholders on Nov. 17

    http://online.wsj.com/articles/gun-manufacturer-colt-warns-of-possible-default-1415892942

    By STEPHANIE GLEASON
    Updated Nov. 13, 2014 5:15 p.m. ET
    4 COMMENTS
    Colt Defense LLC warned that it could default by the end of the year, as the privately owned company, which has suffered from declining demand for rifles and handguns, is likely to miss a payment to bondholders.

    The gun maker faces a $10.9 million payment to bondholders Nov. 17, according to a filing on Wednesday with the U.S. Securities and Exchange Commission. If Colt skips the payment, it will enter a 30-day grace period, but without payment by Dec. 15 it will be in default and bondholders can demand immediate, full payment.

    Colt, which is controlled by investment firm Sciens Capital Management LLC, had $248.8 million outstanding on the bonds as of June 29. The bonds were trading in the mid-30 cents on the dollar—deep in distressed territory—on Thursday.

    Sciens declined to comment.

    Colt, which has been manufacturing firearms and supplying the U.S. military since the mid-1800s, isn’t alone in grappling with weak demand, especially for sporting rifles. Smith & Wesson Holding Corp. reported a 46% drop in operating income for its latest quarter. And Cerberus Capital Management LP-owned Freedom Group, which owns the Remington Arms and Bushmaster brands, was recently downgraded by Moody’s , which cited pressure on earnings and revenue amid demand volatility.

    Colt faces a $10.9 million payment to bondholders Nov. 17. ENLARGE
    Colt faces a $10.9 million payment to bondholders Nov. 17. ZUMA PRESS
    Even if Colt is able to pay bondholders in time, it is “probable” that Colt will violate a $48.1 million term-loan agreement by Dec. 31 without an amendment or alternate financing, the company said. It added that it is in discussions with existing and potential lenders over the situation.

  51. Comrade Nom Deplume, at Peace With The Trolls says:

    [55] toxic,

    There’s a gun glut out there. Everyone ramped up production after Sandy Hook and the ensuing crisis capitalization from the left, but that led to oversupply. Everyone that wanted one, got one, and these don’t have shelf lives. Once they are out there, they stay out there. So unless there are a raft of new buyers, the mfgrs are going to have some problems.

  52. Libturd in Union says:

    I remember when Colt stock popped after Sandy Hook and the ensuing gun control debate. Like everything else, so quickly forgotten. Which is why one should be frequently reminded of the atrocities and mass genocides of the recent past. It was not that long ago that we were attacked by Japan.

  53. jj says:

    You were in Hawaii in the 1940s?

    Libturd in Union says:

    November 14, 2014 at 2:22 pm

    I remember when Colt stock popped after Sandy Hook and the ensuing gun control debate. Like everything else, so quickly forgotten. Which is why one should be frequently reminded of the atrocities and mass genocides of the recent past. It was not that long ago that we were attacked by Japan.

  54. Libturd in Union says:

    Ha ha.

    Though I’ve been there three times JJ. It’s truly a magical place. Though Bermuda is not so bad when it comes to beautiful islands without impoverished inhabitants.

  55. Anon E. Moose says:

    Lib [54];

    As I look around the poker table, if I can’t tell who the sncker is…

  56. jj says:

    Been to Hawaii once, three Islands. But Bermuda 7 times.

    Bank of Bermuda used to be a client of mine. Rum Switzles and me go perfect.

    Libturd in Union says:

    November 14, 2014 at 2:31 pm

    Ha ha.

    Though I’ve been there three times JJ. It’s truly a magical place. Though Bermuda is not so bad when it comes to beautiful islands without impoverished inhabitants.

  57. jj says:

    19% of workers make less than $12.50 per hour, 32% of workers make between $12.50 and $20 per hour, 30% make between $20 and $30 an hour, 14% make between $30 and $45 per hour, and 5% make over $45 an hour.

  58. chicagofinance says:

    Michael says:

    July 22, 2014 at 4:22 pm

    Ok, I understand your pt of view. I don’t normally do this, but this stock is golden playing the highs and lows. I’m figuring every time it goes up, the massive institutions jump in and take their mega profit, driving the price down. Then good news bounces it back up. Seems like this is the case for the past year.

    It actually might be a good long term buy. They seriously seem to be knocking on the door to becoming profitable.

    chicagofinance says:
    July 22, 2014 at 3:29 pm
    chicagofinance says:
    Your comment is awaiting moderation.

    July 22, 2014 at 3:28 pm

    You are playing Blackj-ck in the Cas!no. The dealer has a 6 up, and you are dealt a 12. You double down and get a 9, and the dealer ends up with 18. Then you lecture me about how to play Blackj-ck as if you were justified in what you did……if investing was that easy and there were sure bets, then people wouldn’t lose money.

    Michael says:
    July 22, 2014 at 2:46 pm
    I’ll be the idiot if it means I’m making money.

  59. jj says:

    CHIFI here is my rare ping pong stock tip from a bond man, check out GDP bouncing 7-9 last few week. Rare stock you can buy out of the money weekly options puts calls and catch it both ways as it ping-pongs vegas style baby.

    Michael can buy it and can spank the monkey making money till one last double down bankrupts him

    GDP

  60. 1987 Condo says:

    #55..hold on, I was pretty much assured of street riots and gun and ammo shortages going forward….next thing you know the dollar will be going up, unemployment down, the US will be pumping oil and gas prices will be below $4.00…I mean $3.00…thankfully the Russians will be running bombers off Florida so I can continue to worry more than I already do!

  61. Comrade Nom Deplume, at Peace With The Trolls says:

    [65] condo

    So after Xmas, it will be a great time to get that Colt AR-15 you had your eyes on. Fine piece of quality and craftsmanship that will last forever, and hopefully at bargain basement price.

    Oh, wait, you live in New Jersey don’t you? Never mind.

  62. 1987 Condo says:

    #66..my friend moved out to Texas from NJ in 1992 after the Florio law….we used to shoot Rugers (?) in Mapleshade and I think they became illegal, he just packed up his family and moved!

  63. jj says:

    So the average IQ in NJ and Texas rose on the same day

    1987 Condo says:

    November 14, 2014 at 4:04 pm

    #66..my friend moved out to Texas from NJ in 1992 after the Florio law….we used to shoot Rugers (?) in Mapleshade and I think they became illegal, he just packed up his family and moved!

  64. 1987 Condo says:

    #68….no…he is smart…was deciding between Heart Surgeon, Brain Surgeon or Plastic surgeon, chose Plastic..doing well…..

  65. Michael says:

    63- I said long term it might be a good buy. 3 months later is not exactly long term. You do realize how volatile this stock is right? So don’t waive your victory flag yet, let’s give it some time.

  66. Anon E. Moose says:

    Re: [70];

    You probably bought some @ $1,275 a share back in 2000. It might get back there.

  67. Comrade Nom Deplume, at Peace With The Trolls says:

    [68] condo.

    Rutger is correct. BTW, did you know that under the catch all provision in the law, virtually every weapon capable of taking an interchangeable magazine is an “assault weapon” under NJ law? If a judge agrees that it has a feature in common with a banned gun, and all do, it can be deemed illegal.

  68. Comrade Nom Deplume, at Peace With The Trolls says:

    S/ ruger. For some reason, my autocorrect likes rutger.

  69. chicagofinance says:

    WSJ Editorial

    Review & Outlook

    The Washington Mind

    The Beltway is shocked that Internet regulation might hurt investment.

    It’s a mad, mad world, and the latest evidence is that a business executive is being assailed for warning that regulation might affect his willingness to invest. String him up!

    The alleged evildoer is Randall Stephenson , the CEO of AT&T , who said this week that he’ll “pause” his company’s buildout of fiber networks to carry high-speed Internet to 100 or so cities. The reason: Uncertainty over whether the Federal Communications Commission will follow President Obama ’s public direction this week to regulate Internet service as a utility.

    “We are now starting infrastructure projects that we don’t have any clarity or line of sight, in terms of what rules those will be governed under,” Mr. Stephenson said at an investor conference. “We have to pause, we have to just put a stop on those kind of investments we are doing today.” AT&T had planned to spend $18 billion next year, which is real money everywhere but in Washington.

    For his candor, Mr. Stephenson was attacked by the lobbyist for the Computer & Communications Industry Association that supports such regulation. That’s the lobby for such tech giants as Google and Yahoo .

    “AT&T is now resorting to extortionist tactics to prevent any regulation,” Ed Black, president of the group, told Bloomberg. “It’s probably fair to say they’ll threaten bad service and ask people to pay them more if the FCC doesn’t block that kind of behavior with strong Open Internet rules.”

    Only in Washington could a delay to seek regulatory clarity before spending $18 billion in shareholder money be called extortion. Even after six years of slow growth, the Obama crowd hasn’t figured out that punitive regulation reduces the incentive to invest.

  70. Fabius Maximus says:

    The problem with Social Media is that when it goes wrong, it really does explode in your face.

    http://www.theguardian.com/sport/2014/nov/14/new-england-patriots-twitter-tweet-racist

  71. Fabius Maximus says:

    Gary,
    You thought working for the millennials was bad! Meet your new boss.
    http://www.bbc.com/news/technology-30054140

  72. Liquor Luge says:

    50-100 years of real estate torpor guarantee that every other topic under the sun will be covered in this blog.

  73. Michael says:

    Nah, I bought investment property rather than play the market back then. You make it seem like I put my life savings in plug. All I’m saying is that it does have future potential. If you can’t see that, I’m not going to waste my time trying to convince you when I’m not even a current share holder. They have a technology that seems like it should be useful for a while. I’m not recommending a buy, but it sure does look like a good price to buy in on. You def should make money if you buy at current prices.

    Anon E. Moose says:
    November 14, 2014 at 4:54 pm
    Re: [70];

    You probably bought some @ $1,275 a share back in 2000. It might get back there.

  74. anon (the good one) says:

    wow

    Libturd in Union says:
    November 14, 2014 at 10:01 am

    They should make a fenced in protest zone in Ferguson…Televise the whole event on pay-per-view and use the money to rebuild the shops destroyed the first time around by these dumb animals…

  75. Liquor Luge says:

    Yeah, anon, some people actually value things like private property and not being accosted by raging hordes of looters who do it in the name of “justice”.

  76. Liquor Luge says:

    You don’t get justice for someone whose rights have been violated by then violating the rights of a stranger.

    Shoot any mf’ing looter on sight. My pals in LA’s Koreatown got it right 20+ years ago.

  77. anon (the good one) says:

    only Nazis would call a human being “animal” for defending themselves

    anon (the good one) says:
    November 14, 2014 at 6:50 pm

    wow

    Libturd in Union says:
    November 14, 2014 at 10:01 am

    They should make a fenced in protest zone in Ferguson…Televise the whole event on pay-per-view and use the money to rebuild the shops destroyed the first time around by these dumb animals…

    Liquor Luge says:
    November 14, 2014 at 7:55 pm
    Yeah, anon, some people actually value things like private property and not being accosted by raging hordes of looters who do it in the name of “justice”.

  78. Michael says:

    Wow, now the govt wants to play hardball? What about all the other corporate vampire scammers out there using their position to act like a 2 year old and always get what they want. About f’in time. If I ever was in a high position of power in govt, these bloodsuckers would be getting hit with the one two.

    Juice Box says:
    November 14, 2014 at 8:17 pm
    Whoops.How long before AT&T has a new CEO?

    http://arstechnica.com/business/2014/11/fcc-calls-atts-fiber-bluff-demands-detailed-construction-plans/

  79. Liquor Luge says:

    I think everyone here would applaud anon’s being shot like a rabid animal.

  80. Liquor Luge says:

    …and then shoot him again for using the Third R<ich analogy in a post.

  81. Liquor Luge says:

    Leave it to the guy who practices the fascism of idiocy to be completely tone-deaf to his own pea-brained bleating.

  82. Comrade Nom Deplume, at Peace With The Trolls says:

    [84] Michael,

    Plenty of countries out there where your governing style is the norm. Perhaps you are missing your calling. How’s your Spanish?

  83. Comrade Nom Deplume, at Peace With The Trolls says:

    [86] luge,

    I wonder if the glaring discrepancy in his post occurred to him yet?

  84. Michael says:

    Nom, I expect better from you. You are really going to support corporations pillage of your tax dollars? Sad.

    Comrade Nom Deplume, at Peace With The Trolls says:
    November 15, 2014 at 7:43 am
    [84] Michael,

    Plenty of countries out there where your governing style is the norm. Perhaps you are missing your calling. How’s your Spanish?

  85. Michael says:

    91- next time you drive by teterboro just remember that your tax dollars are hard at work helping those ceo’s purchase those jets. They can’t afford corporate jets on their own, no, they need help from the taxpayer. At least when you give your tax dollars to the poor, you know that they actually need it.

Comments are closed.