Sorry folks, finally we have the data to show it. Negative equity simply isn’t prevalent at the top-end of the market. From Black Knight:
Black Knight Mortgage Monitor – March 2015 Report
Low-end homes in the New York-New Jersey CBSA are 30X more likely to be underwater than high-end homes
The $650k+ house in the top tier town – that’s in the top 20%. Looks to be sub 2% negative equity statewide, and around 1% of the market for the NY Metro.
Just for reference, $450k would be just about in the middle of the purple bar in the NJ state graph.
If you believe these numbers, then there is no negative equity problem in NJ’s top tier towns, it’s noise.
first, hee hee
Not surprised to learn in last thread that the douchetard, gluteus, is a Bobby Flay fluffer boy…
I’d rather lose my money to a sidewalk three-card monty dealer than spend it on the sewage Bobby Flay presents as food.
So all the negative equity in Bergen County is in Garfield and Hackensack?
Not all, but a good portion..
https://njrereport.com/blog/wp-content/uploads/2015/05/Screen-Shot-2015-05-05-at-7.23.25-AM.png
The top five states by
percentage of borrowers
underwater are Nevada
(16.4 percent), Florida
(15.1 percent), Maryland
(14 percent), Illinois and
New Jersey* (13.7 percent
each)
*excludes nice houses in nice towns.
It’s super-easy to pick out the upper tier homes with negative equity…they have “For Sale” signs on the front lawn.
There are more underwater properties in two of the eight zip codes that make up Paterson (07514 & 07524), than there are properties in Wyckoff (I mean all of them) Looking at the whole of Paterson, there are probably 3-4x as many underwater properties than all of Wyckoff.
Irvington and East Orange must be a mess
East Orange has approximately 13,000 housing units, and a 51% underwater percentage.
http://www.zillow.com/visuals/negative-equity/#4/39.98/-106.88
11, 12 – Grim, is Zillow where you’re getting that figure from?
Yeah
After putting a substantial amount of money into my home, I am being comped by placed that haven’t seen an upgrade in decades. I think I’ll wait to sell.
And now, back to Eddie….
I am not attacking you because you are a diminutive river dancer….you happen to be wrong…..Smash Burger is average…..these local guys trash all comers…..
http://www.burgerbrosnj.com/
Fabius Maximus says:
May 4, 2015 at 11:53 pm
Burgers.
Shake Shack is Meh… Smash Burger for a chain is way better.
In Bergen county the best burger is still Bobby Flay with “Bobby’s Burger Palace”. While some here may hate him, his burgers NAIL IT!
Fast eddie, do you understand now? You can think they are muppets and underwater, but the numbers state otherwise….sorry. Places like Ridgewood really are bleeding wealth as opposed to hanging onto their house by the skin of their teeth.
grim says:
May 5, 2015 at 6:07 am
The $650k+ house in the top tier town – that’s in the top 20%. Looks to be sub 2% negative equity statewide, and around 1% of the market for the NY Metro.
Just for reference, $450k would be just about in the middle of the purple bar in the NJ state graph.
If you believe these numbers, then there is no negative equity problem in NJ’s top tier towns, it’s noise.
So, what these charts are telling me is that the negative equity at the top is basically the same in Detroit as the NY/NJ area. Ok, fine. Whatever. Again, these charts mean nothing because it’s all speculation. I’m not negative if I don’t sell. It’s an estimation. If I sell today for X and then next week for X – 1000, it changes these percentages. It means nothing. All these charts are saying is that the better earning muppets can endure the payments and potential loss better than the lower tier muppets. If you bought anywhere in the last decade, you’re underwater and in negative equity. The only question becomes, who’s a qualified seller? It’s all noise? That’s the message the syndicate wishes to send. It’s a bloodbath because a 30 year at 3.85% and no inventory is a market with it’s back to the wall.
Can we get Gary and Michael to fight to the death on pay per view?
Grim;
So my take on the whole bubble thing was that it was easy to blame the realtors, the bankers, the mortgage brokers, etc., because they were aggregating a slice of every deal that crossed their desk. However, it was the seller that was taking the lion’s share of bubble profits off the table. I saw them as a leading-edge boomer selling the family house to retire on the gold coast of Florida somewhere.
I light of these numbers, who was that seller, really? Were there any significant number of owner-occupiers among them? Were they just slumlords who timed it right?
If you believe these numbers, then there is no negative equity problem in NJ’s top tier towns, it’s noise.
No, I don’t believe the numbers because they sound like a sales pitch at an Amway convention.
The bloodbath is in places like Paterson. If everyone is underwater in places like Ridgewood, the economy is TKO. The stock market would be crashing right now if these individuals were in the state that you describe. Try to understand this.
Fast Eddie says:
May 5, 2015 at 8:57 am
So, what these charts are telling me is that the negative equity at the top is basically the same in Detroit as the NY/NJ area. Ok, fine. Whatever. Again, these charts mean nothing because it’s all speculation. I’m not negative if I don’t sell. It’s an estimation. If I sell today for X and then next week for X – 1000, it changes these percentages. It means nothing. All these charts are saying is that the better earning muppets can endure the payments and potential loss better than the lower tier muppets. If you bought anywhere in the last decade, you’re underwater and in negative equity. The only question becomes, who’s a qualified seller? It’s all noise? That’s the message the syndicate wishes to send. It’s a bloodbath because a 30 year at 3.85% and no inventory is a market with it’s back to the wall.
From yesterday
My choice best guitarist ever SRV -Voodoo Chile
https://www.youtube.com/watch?v=OEJh2FFUUoU
Good question.
Anon E. Moose says:
May 5, 2015 at 9:06 am
Grim;
So my take on the whole bubble thing was that it was easy to blame the realtors, the bankers, the mortgage brokers, etc., because they were aggregating a slice of every deal that crossed their desk. However, it was the seller that was taking the lion’s share of bubble profits off the table. I saw them as a leading-edge boomer selling the family house to retire on the gold coast of Florida somewhere.
I light of these numbers, who was that seller, really? Were there any significant number of owner-occupiers among them? Were they just slumlords who timed it right?
Guitar virtuosity? Cliffs of Dover, nothing more.
Gary – if it weren’t for Guitar Hero, what kind of musical education would our kids have? Thank god for Activision.
Not bad, but Jimi did it better.
yome says:
May 5, 2015 at 9:37 am
From yesterday
My choice best guitarist ever SRV -Voodoo Chile
https://www.youtube.com/watch?v=OEJh2FFUUoU
22, my friend said it best this weekend, it’s slavery. One career misstep and you can’t pay your monthly nut, a health issue will cause you to lose your home, and with the property taxes and mortgage your ability to save is very limited. He is contemplating staying put a bit longer and then retiring to Fl rather than buying a bigger house in NJ. The prices are out of hand in a lot of these places and the inventory is terrible.
yome [23],
Oh yes! Very good!
jcer [28],
Exactly. Do you think they want people to realize how bad it is? And then you have f.ucking muppets like Pumpkin Seed screaming inside a paper bag.
28 – Are we talking about real estate or social safety nets? The issues you mention have nothing to do with NJ specifically. Everyone is one health issue away from disaster, I don’t care who you are or where you live.
Bridge and tunnel hikes, NJT raising by 10%, NY subway and Path hikes, property taxes and the beat goes on. Yeah, let’s cherry pick, isolate and give the pig a nice glossy shade. Go buy a box of cereal, it’s soon to be an hours wage for a lot of us, even in the white collar jobs. What a bunch of bullsh1t.
Gary – if it weren’t for Guitar Hero, what kind of musical education would our kids have? Thank god for Activision.
Touche! :)
Exactly, it’s called survival. You get sick or you become disabled, no way in hell are you living in places like ridgewood anymore. You are now considered poor and living off the govt. That’s why LUCK is everything in life. Get a bad break and that’s it folks.
That’s why I never looked at people collecting disability as “lucky”. I feel sorry for them.
grim says:
May 5, 2015 at 10:09 am
28 – Are we talking about real estate or social safety nets? The issues you mention have nothing to do with NJ specifically. Everyone is one health issue away from disaster, I don’t care who you are.
The elitist choice for guitar king is Robert Fripp.
Robert Fripp! Nice! And folks trip all over Clapton and I like Clapton but please, guys like Johnny Winter (RIP) could p1ss on Eric Clapton.
Wanna hear mind-bending sh1t? Listen to Steve Vai do “The Attitude Song” or “Call it Sleep” off of the “Flexible” album.
31, 34 Those with large cash and diversified savings and appropriate levels of insurance are not one illness away from losing it all, insurance will provide some income replacement, savings is the buffer. Anyone can have their life ruined by a health issue, but it doesn’t have to take down your family as well. What I’m getting at is with an 8k+ monthly housing cost you cannot save appropriately to survive the impact of going onto insurance payouts that are half your salary. I’m saying that people living in these homes are income rich but net worth poor. One blip in income and it is a major crisis. 1.4m with 25k in property taxes for a nice but unspectacular home in NNJ where median income is what 100k? Does that seem rational?
[16] chifi
“I am not attacking you because you are a diminutive river dancer….”
LOL. As good a reason as any.
1.4m with 25k in property taxes for a nice but unspectacular home in NNJ where median income is what 100k? Does that seem rational?
Yes, when you’re a house agent or your name is Pumpkin Seed, this is rational.
Eddie don’t forget the millionaire tax on the house purchase.
“savings is the buffer”
JCer, you are spot on here. What is really lacking in this country is a basic understanding of finance. I find it mind blowing what liberal arts BS we are required to take in HS and in college. I’m not saying they are completely useless, but a single course in finance is much more likely to reap huge rewards in one’s future than appreciating abstract expressionism, studying abnormal psychology or having a thorough knowledge of religions of the world. For example, in five minutes of digital coupon clipping, Gator and I saved 50% off of our groceries last night. Even the cashier was impressed. We saved $65 in five minutes. And we are not compulsive coupon clippers. We simply go to couponsdotcom prior to shopping and tend not to buy things unless they are on sale. Plus, it’s much smarter to get paid 5% back in cash to purchase groceries than to pay 15% more for them due to paying the minimum balance on your credit card. This country really needs to become financially literate. Sure, flat wage growth has sucked. But there are tons of things you can do to make up for it. Though, it does seem that the lower one is on the economic totem pole, the less financially smart one tends to be, exacerbating the situation even more so.
My sister and her husband bought their current NJ house for $1.6 million in 2005. Similar houses in their high end train town were foreclosed on and sold outright at $1 million prices and her home dropped to $1.0 million in value a few years back, now Zillow has it at $1.2 million. They aren’t under water now and never were as they put $600,000 down. I bet they still feel like they are under water though and would not entertain selling their house at what they consider a loss. Probably many others in the same boat, “owners” of houses that are not under water, but not willing to accept market prices. The point being, just because you don’t cough it doesn’t mean you’re not sick. These houses are in a sick, unmarketable state, not because of their condition, but because of the owner’s attitudes and that’s what makes the whole market sick. That’s what is missing from your “statistics”.
chalk another one up to the clot version of ISIS…..adding more notches to his belt….
http://pagesix.com/2015/05/05/food-critic-and-author-josh-ozersky-found-dead/?_ga=1.107018305.2117567598.1425926991
Fast Eddie and The Great Pumpkin are more alike than they are different.
These houses are in a sick, unmarketable state, not because of their condition, but because of the owner’s attitudes and that’s what makes the whole market sick. That’s what is missing from your “statistics”.
He shoots! He scores!
They have similar posting styles and they are equally enthusiastic about their positions on issues…
Time will heal everything. Most people that have money are not stupid enough to buy high and then sell low. They will wait it out because that is what smart people do. I wouldn’t exactly call the market sick because these people don’t want to sell when they don’t have to.
The Original NJ ExPat says:
May 5, 2015 at 10:59 am
My sister and her husband bought their current NJ house for $1.6 million in 2005. Similar houses in their high end train town were foreclosed on and sold outright at $1 million prices and her home dropped to $1.0 million in value a few years back, now Zillow has it at $1.2 million. They aren’t under water now and never were as they put $600,000 down. I bet they still feel like they are under water though and would not entertain selling their house at what they consider a loss. Probably many others in the same boat, “owners” of houses that are not under water, but not willing to accept market prices. The point being, just because you don’t cough it doesn’t mean you’re not sick. These houses are in a sick, unmarketable state, not because of their condition, but because of the owner’s attitudes and that’s what makes the whole market sick. That’s what is missing from your “statistics”.
D-FENS,
People on this blog know me very well. Believe me, Pumpkin Seed and myself are at opposite ends of the spectrum.
Lol….seriously, as crazy as this sounds, you make a lot of sense.
D-FENS says:
May 5, 2015 at 11:08 am
They have similar posting styles and they are equally enthusiastic about their positions on issues…
49 – I realize that…
Blumpkin – This is where you and most of your ilk get it completely wrong, because you are driven by emotion, not logic and also show no talent for math, forget about the time value of money. The smart people don’t care if they make money on an investment, they only care that the sum of their profits exceed the benchmark returns they have set. Smart people treat money like employees by asking themselves, “Are my employees working for me right now?”. “How much are they making for me today?”
Time will heal everything. Most people that have money are not stupid enough to buy high and then sell low.
NJ no. 1
http://www.thestreet.com/story/13124507/3/10-smartest-states-for-educating-your-kids-before-college.html
My vote for electric guitarist extraordinaire (and way interesting improviser) goes to Allan Holdsworth.
https://www.youtube.com/watch?v=zMi2mCe7CKg
He is oft considered the shredder’s shredder.
“We are all one medical bill away from bankruptcy”.
Back in ’05 I got laid off and then hit by a whopper of a medical bill (hundreds of thousands). Had a monster mortgage and property taxes at the time, too. Whew. Climbed outta the hole but it took years and every ounce of energy and ingenuity I could muster.
Fat dumb and happy…never again.
Hey, that’s sounds like a song…
54 – Allan Holdsworth was another one that came to mind and I was going to mention. The album “Metal Fatigue” comes to mind.
Guitarists? Richard Thompson (born 1949) is my vote for all around virtuoso.
Ronnie Wood (born 1947) for his work with The Faces and The Rolling Stones
Mark Knopfler
another NOM dedication…..future Smithie…..
http://www.nydailynews.com/life-style/transgender-teen-lands-gig-major-beauty-brand-article-1.2148918
Does that include that Gary is a person and Pumpskin is catfish bait……
Fast Eddie says:
May 5, 2015 at 11:14 am
D-FENS,
People on this blog know me very well. Believe me, Pumpkin Seed and myself are at opposite ends of the spectrum.
Who said Maplewood’s schools weren’t making the cut?
http://www.nydailynews.com/news/national/new-jersey-teachers-pleads-not-guilty-sex-6-students-article-1.2175579
I can’t stop listening to Zeppelin live at the O2 in London. The sound quality is amazing, the way Zep should have been recorded originally. And Jason Bonham is really superb – as good as his Dad or d.amn close.
If they have no reason to move right now, why should they? Yes, smart people will try to avoid buying high and selling low, it’s common sense. Obviously, if they have a better place to put this money to work, they will take the loss and move on. The housing bust is almost 10 years old. You guys place too much focus on it. The housing bubble is almost nowhere to be found when looking through the rear view mirror. Its image is slowly fading away.
The population is rising, they have not really been building new construction the past 7- 8 years to keep up with demand, and there is a limit on land in established locations like the north east. So why exactly is current real estate in this area over priced? Why, because you think the price is high? Scarcity is the game here, if you have a nice property in a good location in the nyc metro area, that real estate is better than gold.
Where exactly is all this inventory going to magically appear in our area? It’s the game of monopoly. The good properties are all gone. There is no where to build to match demand. They are only building huge multi family building in hudson county. Good properties will only come to market when someone is cashing out. So keep dreaming of lower real estate prices in the upper tier towns. Good luck!
The Original NJ ExPat says:
May 5, 2015 at 11:30 am
Blumpkin – This is where you and most of your ilk get it completely wrong, because you are driven by emotion, not logic and also show no talent for math, forget about the time value of money. The smart people don’t care if they make money on an investment, they only care that the sum of their profits exceed the benchmark returns they have set. Smart people treat money like employees by asking themselves, “Are my employees working for me right now?”. “How much are they making for me today?”
Time will heal everything. Most people that have money are not stupid enough to buy high and then sell low.
The memory of the housing bubble lives in the minds of my tenants who are willing to overpay me on rent due to the fear of buying and getting screwed.
I think I found ideal tenants for my upper unit. They actually texted me to ask if they could clean out the Yankee gutters. I told them I have a Polish dude I use from Paterson for that and that he would be around soon enough. No, not Grim. Ed oesn’t speak a lick of English, but he’s awesome at maintaining gutters.
42. Spot on, most people aren’t holding enough liquid money and spend frivolously on stuff and it adds up. People call me and my wife cheap because we cut costs where possible and it is puzzling to them because we have high paying jobs and have a lot of money saved. Thing is I’m going to have to send my children to college and even though it’s a long ways off I want to be able to pay for it. Also at that time I want to be at least semi-retired so I can enjoy my life, most people in my social circle will be working until they are 75 to pay for leased 7 series, 30k per yr private kindergarten, and $10 organic oatmeal.
“and $10 organic oatmeal”
Be careful here. You might offend ChiFi with that one.
Prediction from 2011. Must say, pretty good.
http://www.ryanvince.com/uploads/files/NJ%20Housing%20Forecast.pdf
interesting read
http://www.huffingtonpost.com/nomi-prins/janet-tavakoli-decisions_b_7159164.html
Everyone has a different philosophy on life. No one is right. I used to be obsessed with making money, but have since opened my life to balance. You have to enjoy life too, working, sacrificing, and saving all your money for your retirement years is not really the smartest move, imo.
First, you are banking on making it there, which is not a guarantee. Second, you sacrifice spending for most of your life to spend it all at time you will have no need to spend it. If you lived most of your life as a cheapo, why would you need a lot of money at retirement? You are telling me that you are going to go from capt cheapo during your peak earning years to a money spender in your retirement years? No way, you will be just as cheap because that’s how you lived your whole life. You will end up dying and giving it all away to your family and govt. If you are okay with that, then more power to you. I rather enjoy a little of my hard work while I’m still young enough to enjoy it. Remember, I’m not stating that either of us are right, it’s all on the individual.
jcer says:
May 5, 2015 at 12:59 pm
42. Spot on, most people aren’t holding enough liquid money and spend frivolously on stuff and it adds up. People call me and my wife cheap because we cut costs where possible and it is puzzling to them because we have high paying jobs and have a lot of money saved. Thing is I’m going to have to send my children to college and even though it’s a long ways off I want to be able to pay for it. Also at that time I want to be at least semi-retired so I can enjoy my life, most people in my social circle will be working until they are 75 to pay for leased 7 series, 30k per yr private kindergarten, and $10 organic oatmeal.
My neighbor the undertaker is 62 and wants to retire. He says out of pocket for decent medical is $30k. Retirement townhouse down the shore NJ between taxes and HOA Fees is around 7k. Makes it kind of tough to retire here don’t ya think?
Best guitarist – Jeff Healey.
69- Amen!
“She probes the moral complexity behind the lives, suicides and murders of international bankers mired in greed and inner conflict. Some of the people that touched her Wall Street career reflect broken elements of humanity. The burden of choosing money and power over values and humility translates to a loss for us all.”
Can’t your neighbor get on Medicare or Medicaid?
People get too crazy with this retirement stuff. Buy 2 multi families and have them payed off before you retire and you won’t have anything to worry about. You will have income coming in and if you need a lot of cash, you can sell off one of the properties.
Juice Box says:
May 5, 2015 at 1:31 pm
My neighbor the undertaker is 62 and wants to retire. He says out of pocket for decent medical is $30k. Retirement townhouse down the shore NJ between taxes and HOA Fees is around 7k. Makes it kind of tough to retire here don’t ya think?
[62] There’s something wrong with this. She’s porky.
http://newyork.cbslocal.com/2015/03/06/nj-teacher-charged-with-having-sex-with-students-claims-she-was-coerced/
Blumpy,
There is cheap and then there is frugal. Frugal is flying first class to London and Paris for less than your dumb @ss paid to sit in c0ach. Cheap is taking a staycation. Frugal is buying a $35,000 car for $26,000. Cheap is buying a used car worth $3,500 for $2,600. Frugal is moving to Central America to retire and hiring people to do everything for me. Cheap is retiring in your own home and getting a reverse mortgage. Dumb is moving to Florida when you could have moved to Central America and lived like a king in paradise rather than sitting in tons of traffic among white trash and tourists all for the good weather (which it really is not).
One day you will understand the difference. Like when you come looking to me for a loan.
She must really like the jail food
http://tinyurl.com/Maplewood-youblowme
[78] I almost spit my coffee when I took notice of your tinyurl, Stu.
re# 71 – Retire at 62. Medicare starts at 65. That is 90k for three years coverage. Guy is an undertaker a small business owner. House is paid off kids grown up etc. He could liquidate and retire I am sure but like everyone else does not want to run though his savings if he gets sick hence the $30k a year for a plan, but after that Medicare will take all your money anyway if you get sick. Also being an undertaker he knows white males with a certain genetic disposition don’t live to 80, that’s why he does not want to wait until 65 of 67 or 70 to retire.
“Troops were selling the U.S. military’s fuel to Afghan locals on the side, and pocketing the proceeds.”
http://www.slate.com/articles/news_and_politics/politics/2015/05/u_s_troops_have_stolen_tens_of_millions_in_iraq_and_afghanistan_center_for.html
JJ might like to sign up as a mentor for his local “Bridge to Success” high school program. It’s a really short bridge, easy to cross, only about 7 inches long.
BRIDGE TO SUCCESS
Bridge to Success is a four-year program that is designed to provide additional support for students who are at-risk. Participants are identified by counselors at the two middle schools and Columbia’s ninth-grade Dean of Students. Students are recommended due to issues related to academics, social maturity or difficulties with peer relationships.
To prepare students for the rigors of high school, Bridge to Success begins with a five-week transitional summer program. The summer program provides participants with academic and study skills instruction, as well as social, cultural and recreational experiences.
At Columbia, each student is assigned an adult mentor. Participants meet with their mentor at least twice per quarter to review grades, attendance and discipline records, and to set goals. To create a sense of community and to provide access to enriching cultural experiences, participants engage in community service activities and are taken on field trips to museums, festivals and places, such as the New York Stock Exchange.
Bridge to Success is a partnership program with Family Connections, a non-profit that provides counseling and family services in Essex County.
.
Last Modified on July 26, 2012
I hired a intern from that program one summer, she was all uppidity like look at me.
Ragnar says:
May 5, 2015 at 2:43 pm
JJ might like to sign up as a mentor for his local “Bridge to Success” high school program. It’s a really short bridge, easy to cross, only about 7 inches long.
I enjoy being cheap. Screw Frugal.
‘Best Guitarist’? Totally subjective. What Genre and/or era?
BTW – Saw and hung out with JLH back in ’90 at the Stanhope house (famous NJ Blues place). ‘Healer’ tour. NOONE in our gang knew who he was! (well, except me).
Stumbled into the joint while the band was on break (back then it was an ‘after hours’ bar).
A girlfriend of one of the guys with us asked JLH to give up his seat at the bar!! I said “Do you know who this is!?”. Bought him a drink and apologized.
We rocked ’till near dawn.
Who do ya love?
Yes, it really happened. Ask my wife.
“Permit me to cite another study. In 2013 the company Honest Tea set up kiosks throughout the country, offering tea for $1. The kiosks were unmanned. Those who wished to purchase tea had to place their dollar in a box. In every state, at least 80% of the subjects paid for their tea. In Hawaii and Alaska, everybody did. In Indiana and Maine, 99% did. You might be curious to know which state is the least honest according to this study. It is not a state. It is Washington, D.C., apparently the least honest jurisdiction in the country. Should you bemoan our sad state of affairs, be comforted to know that even in Washington, 80% paid for their tea.”
Rory Gallagher top ten guitar player
Re #81 – Pumpkin.
Yes, is bad, but you can’t blame them. Military pay is low, add to that they they see all the war profiteering going on around them.
Remember, they get to see, how US Government officials that in past war, would have been protected by the US Military, are now protected by “Contractors” costing 10x their pay.
Integrity is the word. Once gone everything else is a sand castle. This applies to the Queens cop shot and killed. The perp that had a gun probably thought he was going to get killed anyway (like all the newstories of police lacking integrity, so might as well go out with a bang) to this bit below.
This is from John Oliver talking about standardize test getting the “corporate treatment”
https://youtu.be/J6lyURyVz7k
A Day At The Beach (JJ Edition):
http://www.nydailynews.com/news/national/florida-couple-convicted-sex-beach-article-1.2210838
Lib [78];
I like the bold and colored letters: “Unpublish this Mugshot”. No such thing as unpublishing or memory hole these days; the interwebs is forever.
I think every boy should go through heavy rock/metal worship phase. Hendrix,Page, Iommi, Angus, Eddie VH, Randy Rhodes, Vai, Petrucci, Hammet, Mustaine..my childhood was forever altered by their music. I still pull them out on occassion but as I get older I really appreciate tone and melody. I do yard work to Grant Green. Chill on patio to Al Dimeola. Even Leo Kottke is f-in brilliant on acoustic. Still, Duane Allman has to be at at very top. In Memory Of Elizabeth Reed from Fillmore East is stunningly beautiful and powerful interplay with Dicky Betts. Warren Haynes and Derek Trucks are no slouches either. I dare say it is best driving music ever made.
ExPat [76];
I liked the one from my alma mater better.
http://www.silive.com/news/index.ssf/2014/10/former_moore_catholic_gym_team.html
There were some eager young teachers there during my time – function of the low pay, I guess. Never got propositioned, though.
Thought this article fit well with the retirement talk today.
“The days of the gold-watch retirement where we have an office party and maybe some punch and cookies and never work again are more mythical than a reality,” said Catherine Collinson, president of the retirement studies center. “Very few workers actually envision that type of retirement and many plan to keep on working part-time even after they retire.”
Check out this article from USA TODAY:
Many older Americans plan to never retire
http://usat.ly/1ABlYcI
Good points. Thanks for pointing that out. Def can’t blame them.
The Great NotPumpkin says:
May 5, 2015 at 3:28 pm
Re #81 – Pumpkin.
Yes, is bad, but you can’t blame them. Military pay is low, add to that they they see all the war profiteering going on around them.
Remember, they get to see, how US Government officials that in past war, would have been protected by the US Military, are now protected by “Contractors” costing 10x their pay.
Integrity is the word. Once gone everything else is a sand castle. This applies to the Queens cop shot and killed. The perp that had a gun probably thought he was going to get killed anyway (like all the newstories of police lacking integrity, so might as well go out with a bang) to this bit below.
This is from John Oliver talking about standardize test getting the “corporate treatment”
https://youtu.be/J6lyURyVz7k
No Bucket Head?
Like Junior Brown as well, they can’t all be rock and metal shredders.
For rock guitarists, I think Jimmy Page wins, not necessarily on technical skill, which was very high, but on the overall persona, name recognition plus impact & influence, plus big hits that everyone has heard, and are lastingly popular across a wide spectrum of listeners.
Chi (44)-
Somebody prolly slipped Ozersky a Bobby Flay burger.
And an 8 ball.
Roy Buchanan
What about Frank Zappa? Love this song.
https://m.youtube.com/watch?v=Hzsou4RSb3k
Lib, you def have a phd in frugalality. You truly have it down to a science. Honestly, over the course of your life, you have probably saved enough to the point where it’s the equivalent of you working a part-time job for all those years. Quite impressive. Cheap is a miserable disease. Frugal is plain smart.
Libturd at home says:
May 5, 2015 at 2:14 pm
Blumpy,
There is cheap and then there is frugal. Frugal is flying first class to London and Paris for less than your dumb @ss paid to sit in c0ach. Cheap is taking a staycation. Frugal is buying a $35,000 car for $26,000. Cheap is buying a used car worth $3,500 for $2,600. Frugal is moving to Central America to retire and hiring people to do everything for me. Cheap is retiring in your own home and getting a reverse mortgage. Dumb is moving to Florida when you could have moved to Central America and lived like a king in paradise rather than sitting in tons of traffic among white trash and tourists all for the good weather (which it really is not).
One day you will understand the difference. Like when you come looking to me for a loan.
Pumpskin – You know nothing about RE, you know nothing about business, you know nothing about logic, you know nothing about math, and you certainly know nothing about Zappa. This is Zappa:
https://www.youtube.com/watch?v=WzzWEeiUf3Y
Man there are some gems out there. But they go quickly.
102. I’d forgotten how great Zappa was. Man.
Since you guys went there..I love solo on this version:
https://youtu.be/xmik7A05IwY
Hendrix. ’nuff said.
Though I’m a huge fan of R&B so Chuck Berry would be in my top ten for sure.
“$35K car”, yikes. I used to aim to spend two months’ rent on a car, now I use two months’ mortgage.
I’ll never understand why people buy nice cars. You can fly to Montana for a week, rent a hot rod and drive 140 every year and get it out of your system. All my neighbors take the train and have two Beemers getting rusty in the driveway, but at least they can work until they’re 72.
Ragnar is right, Jimmy Page is the ultimate guitar G0d in my view.
But, here’s the top 100, see if you agree:
http://www.rollingstone.com/music/lists/100-greatest-guitarists-20111123
We buy them because our wives make us.
Wily Millenial says:
May 6, 2015 at 9:38 am
“$35K car”, yikes. I used to aim to spend two months’ rent on a car, now I use two months’ mortgage.
I’ll never understand why people buy nice cars. You can fly to Montana for a week, rent a hot rod and drive 140 every year and get it out of your system. All my neighbors take the train and have two Beemers getting rusty in the driveway, but at least they can work until they’re 72.
107, I bought a nice car. it is now 6 years old and still going, plan to run it into the ground, cost per year of life on the car will be relatively small. 35k is a normal car now, 60k is a nice car now, inflation sucks.
We were not planning on purchasing an expensive SUV, but when you can get one at that much of a discount, you jump. Was on the lot for 15 months and 3 months into an exterior redesign of the newly released model. That 26K number included every stinking penny that was rolled into the 1/2 percent interest loan (title, delivery, tax, interest, etc.). Though I might have estimated the sticker a wee bit too high. When new, it probably would have cost closer to 34,000 all in. We probably could have saved a few bucks if I negotiated harder on the trade of our Xterra. After over two years of owning it, it’s a really great car. I would definitely recommend the CX-9 to anyone looking for a non-minivan 7-seater. It’s super powerful too, considering it’s size.
Speaking of cost of ownership, I wonder what my 95 Civic ended up costing me after 19 years of driving it into the ground. Was $13,100 all in. Yes, I sprung for AC.