Expensive to buy here, expensive to rent here – but it’s cheaper than NYC!

From the Star Ledger:

N.J. is one of the most expensive places to rent in the country, new study says

The roughly one-third of New Jersey households comprised of tenants face rents that rank among the most costly in the nation, according to a new report, which shows only California, the District of Columbia, Hawaii and New York are less affordable than the Garden State.

A renter in New Jersey must earn $25.17 an hour — or $52,347 a year — to afford the average fair-market rate of $1,309 for a two-bedroom rental, according to the annual report from the National Low Income Housing Coalition.

The report, which defines affordability as a tenant not spending more than 30 percent of their income on rent and utilities, has ranked New Jersey among the top five most expensive places to rent in the country for years.

Arnold Cohen, senior policy coordinator for the Housing and Community Development Network of New Jersey, said many in the state fall under the income threshold needed to afford a two-bedroom apartment.

“People that are taking care of our children, people that are taking care of our elderly, people that are taking care of us as we go shopping in stores on a daily basis, folks who we depend upon for our very livelihood, cannot afford a place to live here,” he said.

The average hourly wage of renters in New Jersey is less than $17, the “Out of Reach” report found, meaning they would have to work 59 hours a week to afford a two-bedroom rental at a fair-market rate.

A renter earning the state’s minimum wage — $8.38 an hour — would have to work three full-time jobs to afford the rent for a two-bedroom place, according to the report.

Affordability varies for renters throughout the state, with Hunterdon, Middlesex and Somerset counties posting the highest rate for two-bedroom rentals in the state at $1,495.

Though rents are less expensive in Sussex, Cape May and Gloucester counties, according to the report, tenants in those three counties make an average hourly wage of less than $10.

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143 Responses to Expensive to buy here, expensive to rent here – but it’s cheaper than NYC!

  1. Comrade Nom Deplume, who needs to stop screwing around and get back to work says:

    Annnndddd . . . . wait for it . . .

    It’s different here!!!!

    Oh, and Frist.

  2. grim says:

    High Incomes, High Property Taxes, High Rents

    Every time property taxes go up, rents go up. When nearly half the rent roll is being paid out as property taxes, what do you expect rents to be?

    I can’t wait for the Democratic Capital Liberation Army to come charging in telling us that we need to increase taxes to help pay for more affordable housing. The same idiot army that last year pushed for rent control without a corresponding freeze on property taxes and utility rates.

    No no, it’s OK though, when the government says we need to pay higher rents, it’s because we need to pay our share, but when the landlord says we need to pay higher rents, it’s because he is a criminal.

  3. grim says:

    Democratic Price Control Army – maybe works a bit better.

  4. NJ, Summer 1980, I was wealthy for the first time. I was 20 years old had a convertible sports car, an apartment, a 40 hour/week job in an air conditioned office, no debts, and I could pay my rent with half of one week’s paycheck.

    I earned $4/hour and my monthly rent was $80 ($320 split 4 ways).

  5. yome says:

    Re: US Debt (from yesterday)
    Our main obligation that we can not ignore is the Debt held by Foreign Countries and Treasury Bond Holders equalling to about $5T.
    The biggest debt we hold that they love to call unsustainable is SS Trust Fund. Before 1983 there was still money in the Trust Fund and Reagan reformed SS. By reforming SS it means money coming in is more than enough to cover payments for retirees. Surplus is invested in SS Trust Fund Making interest. That means the 30 years that it was running a surplus, interest being re invested to the fund is earning interest plus new surplus money. To date there is more than $4T in Trust Fund money.
    Today, The Republicans want to reform SS. With the same Reform that was done in 1983. Money coming in will be more than enough to cover payment plus surplus. Interest on the current $4T will be earning interest Compounding.
    But this is all just Accounting gimmick.
    In 30 years what is owed to the SS Trust Fund will be say $15T. And we can be on the same boat again in 30 years.
    If this is the case, do we really owe that money or it is just Accounting gimmick? Do we really owe over 100% of GDP?
    Greenspan did so much damage to this Country

    http://www.fedsmith.com/2013/10/11/ronald-reagan-and-the-great-social-security-heist/

  6. Comrade Nom Deplume, who needs to stop screwing around and get back to work says:

    I’m pretty sure I got called by this group a couple of times. To me, it was so obviously amateurish that I pegged it for a scam right away. But, to be fair to victims, it did get my attention at first. Still, based on what was reported, it really stank to high heaven–the fact that some of seeming intelligence were taken is is quite the indictment of our educational system, IMHO.

    http://www.cnn.com/2015/03/13/us/irs-scam/index.html

  7. anon (the good one) says:

    War ain’t free. it created taxes and deficits

    @DavidCornDC:

    Top CIA insider says Bush & Cheney misrepresented intel to make a “stronger case” for the Iraq war.

    “For a dozen years, the Bush-Cheney crowd have been trying to escape—or cover up—an essential fact of the W. years: President George Bush, Vice President Dick Cheney, and their lieutenants misled the American public about the WMD threat supposedly posed by Saddam Hussein in order to grease the way to the invasion of Iraq. For Bush, Cheney, and the rest, this endeavor is fundamental; it is necessary to protect the legitimacy of the Bush II presidency.

    Naturally, Karl Rove and other Bushies have quickly tried to douse the Bush-lied-us-into-war fire whenever such flames have appeared. And in recent days, as Jeb Bush bumbled a question about the Iraq War, he and other GOPers have peddled the fictitious tale that his brother launched the invasion because he was presented lousy intelligence.

    But now there’s a new witness who will make the Bush apologists’ mission even more impossible: Michael Morell, a longtime CIA official who eventually became the agency’s deputy director and acting director. During the preinvasion period, he served as Bush’s intelligence briefer.”

  8. The Great Pumpkin says:

    5-

    “So the great Social Security fraud, which began under Ronald Reagan in 1981, is still alive and well 32 years after it began. Republican and Democrat presidents and Republican and Democrat members of Congress, all share in the blame. There is nothing broken about Social Security. If the government had not stolen $2.7 trillion from Social Security, or, if the government would make arrangements to repay the stolen money, Social Security would be able to pay full benefits for at least 20 more years without any other action. But crooked politicians, who do not want to repay the money, are trying to convince the public that Social Security is a flawed system, which needs to be replaced with private accounts.

    Social Security is a sound program that has worked well for more than 75 years. It ain’t broke, so why try to fix it? The government—not Social Security—is what is broken and needs to be fixed. It is time for the American people to stand their ground and fire the crooked politicians. President Obama, and every member of Congress know that everything in this article is true. But they have succeeded in fooling the people for three decades and seem to think they can continue to do so. Don’t let them get by with it!”

    – See more at: http://www.fedsmith.com/2013/10/11/ronald-reagan-and-the-great-social-security-heist/#sthash.BBv3Hkzb.dpuf

  9. Walking Bye says:

    Wife’s first job as a teen was working for one of these scams in Garfield. She lasted a day. It was run by some Gumba wives. The pitch was any donation was going to go to send cancer kids to the circus. The wives would show up at the end of the night (8pm) and yell at all the telemarketing kids for not bringing in enough $

  10. anon (the good one) says:

    @pdacosta:
    UBS fines for criminal fraud: $545 million;
    UBS first-quarter profit: $2.14 billion

    @stegian67: @pdacosta
    Crime pays.

  11. Ragnar says:

    Pimpkin still believes in Al Gore’s “lockbox” along with his other chimeras like imminent ecological disaster and manbearpig. He’s super cereal.

  12. joyce says:

    5
    at least you didn’t say “we owe it to ourselves”

  13. Ragnar says:

    NJ is definitely an expensive place. The scary thing is that the cost of NJ is even greater than it’s perceived price, as deficit spending has been hiding the full cost of NJ’s lifestyle.
    Chris Christie was pretty much NJ’s last chance to try emergency reforms, and spur a “supply side” recovery, where people would have an incentive to stay, even move to NJ. But he didn’t have the guts or principles to make the “tough choices” he’s always blabbering about. Not that this would make NJ a low cost state to live in. He could have allowed more supply in NJ, could have innovated in transport modes to make more land more desirable, and if NJ could sweep out the welfare-dependent riffraff, there is a huge supply of re-developable land that productive human beings could inhabit.

  14. anon (the good one) says:

    what do you suggest? I bet you wish for an Auschwitz for poor people

    Ragnar says:
    May 20, 2015 at 8:55 am

    .. . and if NJ could sweep out the welfare-dependent riffraff

  15. Ragnar says:

    anon deserves to have his body covered with bloodsucking leeches, and then be forbidden to ever pull them loose. Why should their need not be given equal importance to his own life?

  16. grim says:

    Nah, just shut down Greyhound. Most everywhere west of Jersey just gives their homeless a free bus ticket to NJ and tells them a story about the promised land (I’m looking at you Nom).

  17. Ragnar says:

    To the left, requiring a person to engage in self-sustaining effort, aka “get a job” = sending to Auschwitz

  18. Jason says:

    15-Rags giving leeches equal importance to anon?

    Now why do you have to go insult the leeches?

  19. D-FENS says:

    Wonder which corrupt, theiving ideologue will be our next Governor…

  20. D-FENS says:

    Ugh…whoever is advising him on his political campaign is awful. What candidate in their right mind would say they support warrentless bulk data collection?

    Chris Christie: ‘You can’t enjoy your civil liberties if you’re in a coffin’

    http://www.cnn.com/2015/05/19/politics/chris-christie-intelligence-civil-liberties/

    New Jersey Gov. Chris Christie stressed Monday the need for increased funding and support to beef up the U.S.’s intelligence capabilities to prevent terror attacks, putting it this way: “You can’t enjoy your civil liberties if you’re in a coffin.”

    Christie’s comments came as lawmakers on Capitol Hill are raising civil liberties and national security concerns as provisions of the Patriot Act authorizing bulk data collection on millions of Americans are set to expire at the end of the month.

  21. joyce says:

    Careful with the political comments, Brian… there must be an election approaching.

  22. JJ says:

    Out on the West Coast before you start pumping it is pretty normal to lube it up with oil.

    chicagofinance says:
    May 20, 2015 at 9:57 am
    This one is going to be fun……
    http://www.wsj.com/articles/california-pipeline-ruptures-leaks-oil-into-pacific-ocean-1432088366?mod=yahoo_hs

  23. grim says:

    From the Star Ledger:

    Newark debt downgraded to junk bond status, as outlook on 6 N.J. cities turns negative

    The city of Newark—its finances already under state control—has been hit by a major credit downgrade relegating some of its outstanding debt to junk bond status.

    The move targeting the state’s largest city comes amid growing questions by Wall Street over the financial strength of at least five other struggling municipalities—including Atlantic City, Paterson, Union City, Asbury Park and Kearny—in the wake of New Jersey’s own fiscal troubles.

    The debt of both Atlantic City and Paterson have also been downgraded below investment grade by Moody’s Investors Service. The three other municipalities were rated as an increased risk.

    Mark Pfeiffer, former deputy director of the state Division of Local Government Services and now with the Bloustein Local Government Research Center at Rutgers University, said the ratings declines were clear collateral damage from the state’s own downgrades sparked by its ongoing pension problems.

    “It just speaks to that the state’s fiscal condition is now affecting municipalities in a way no one expected it to, and how it needs to get cleaned up,” said Pfeiffer.

    Any ratings downgrade increases the cost of borrowing for municipalities.

  24. FKA 2010 Buyer says:

    Funny how descriptive words of a subject gets used by msm. Actually more of the subjective use.

    Mortgage companies agree to deal with ‘zombie properties’

    New York is getting help from 11 major financial institutions in its fight against zombies — zombie properties that is.

    Gov. Andrew Cuomo announced Monday morning that the group of banks, credit unions and mortgage companies, which represent 70 percent of the state’s housing market, will enact new practices to maintain properties that have been foreclosed upon. According to the governor’s office, those practices include:

    •Regularly inspecting properties that fall into delinquency to find out if they are vacant an abandoned
    •Making sure the properties are properly maintained and are safe
    •Reporting vacant and abandoned properties to the state Department of Financial Services registry of such properties

    http://blog.timesunion.com/capitol/archives/235569/mortgage-companies-agree-to-deal-with-zombie-properties/

  25. The Great Pumpkin says:

    Okay, how many companies out there have been investing in new technology as opposed to buying back stock? You need the demand from consumers in order to create meaningful demand for investment (meaningful demand leads to actual growth in the economy). Companies are not investing in new workers and they are doing the bare minimum in investing in the expansion of their company (specifically r&d expansion). These are all the results of low demand by the consumer. Leads to stagflation, which describes what I stated above.

    Dropping capital back into the hands of the consumer will create demand again in the economy. As the economy improves, the wealthy will get their investment back and some in the form of healthy growth. That money injected into the bottom 42% of the consumer class will send signals throughout the economic system to get their wheels rolling. That money is sending signals for a demand for a product. This feeds upon itself to create growth till the consumer is tapped out ( which results in overproduction) and we hit another recession. Next recession, when too much money reaches the top and demand falls off, you slowly do the same thing again. This protects you from extreme downturns, which is good for everyone.

    leftwing says:
    May 20, 2015 at 12:47 am
    Punkin

    Maybe its the four martinis (oops) but let me get this straight….

    The people who created capital ought to take their returns and give it to the underclass to spend, the profits of which will either ‘trickle up’ back to the original owners or in some Fantasia land find a new game changing technology that would not have otherwise been found without income redistribution and also benefit the owners of said capital more directly than them investing in such game changing technology themselves?

    Question, when you drive from NYC to home, do you go by way of Cleveland?

  26. FKA 2010 Buyer says:

    This article literally made me LOL. How do you describe yourself as a “moderate” thug? Do you wear biker gear with panties on or something? Or is he saying he only plays the thug role on the weekends but go to a regular job during the week?

    I’m a Moderate Biker Gang Member Compelled to Condemn This Violence

    Unfortunately, Sunday’s violence, which led to about 170 people being charged with involvement in organized crime linked to capital murder, has created an opportunity to demonize our biker gang communities as vicious thugs. In a familiar pattern of rhetorical retribution, people are demanding: When will moderate bikers take responsibility for crimes committed by these violent extremists?

    But when did I become responsible for the criminal actions of a handful of deluded fanatics just because I ride a motorcycle, sport facial hair and have tattoos? Americans are as much at risk of being killed by falling vending machines as by domestic terrorist attacks, but do we indict Coke and Pepsi?

    The Department of Justice claims that we represent a “serious national domestic threat,” but the moderate bikers I mix with represent no threat when we meet to discuss biker issues. In no way are our gang names — such as the Bandidos, the Cossacks and the Scimitars — intended to intimidate the public or law enforcement officials.

    http://www.nytimes.com/2015/05/20/opinion/im-a-moderate-biker-gang-member-compelled-to-condemn-this-violence.html?_r=0

  27. Libturd in the City says:

    “To the left, requiring a person to engage in self-sustaining effort, aka “get a job” = sending to Auschwitz”

    I’ve got the solution. We give them all motorcycles and leather jackets instead of phones. Then we replace the social security offices with Twin Peaks franchises. Problem solved.

  28. Ragnar says:

    “Okay, how many companies out there have been investing in new technology …”
    About 99% of them, and about 100% of those that plan to be in existence 10 years from now.

    How about spending some time in the real private sector world before blabbering your ignorant nonsense? You keep on pimping your delusional economic theory over and over again, but it’s just not connected to reality.

    But let’s start with baby steps, pimpkin. Keep your promise to just leave forever.

  29. grim says:

    28 – It’s role play, like those kids who dress up like elves and run around in the forest, or the nerds that dress up in duct tape and leotard costumes at #CONs, or even the Ren Faire and Theatre geeks. Really just a healthy outlet for the kids with active imaginations.

  30. Libturd in the City says:

    The bike trails are already in place in Camden. Think of the savings.

  31. anon (the good one) says:

    according to Rags the law only applies to the riffraff

    fat cats get a free pass

    yome says:
    May 20, 2015 at 10:17 am

    Who is going to jail? Ofcourse no one

    http://www.marketwatch.com/story/five-banks-plead-guilty-to-criminal-charges-over-currency-manipulation-2015-05-20

  32. Libturd in the City says:

    “fat cats get a free pass ”

    From 2008 to 2012, the blue team had the house, the senate and the presidency. Why are you picking on Rags? You are the moron who posts unoriginal tweets all day from those that enabled this. Care to answer?

  33. D-FENS says:

    28 – Most of the time, it’s just a group of people that all have a common interest in motorcycles. Not that much different than a car club…

  34. JJ says:

    Ok a real estate question. Anyone ever live in a condo or know a condo that the condo association did a Tax Certiorari for entire building (all unit owners) where association pays fee?

    I want to do one for building but when we win I want to take the amount, pay the fees owed to the lawyer then either pay back unit owners proportionately after backing out any arrears the owners owe us. So if someone owes by 3k back maint and tax refund that unit is 3k I just net it out. If someone owes no arrears I pay them 3k.

    Or just do a special assessment equal to amount of tax refund and give unit owners nothing and then beef up with reserves and finish up a few much needed maint issues or lower maint costs. Thought being unit owners wrote on income taxes prior year property taxes and the refund for prior year property taxes paid would be taxable income. Seems a waste to give someone a 3k tax refund then they could pay up to $1,600 in income tax on it. When I could take entire 3k tax free and improve building, increase reserves or lower maint. Or I could waive maint for the amount of refund. For instance $500 a month main, 3k refund no maint for six months.

    Just wondering what is best way. I know most folks are stupid and will go I want MY money, even though they could end up with a tax bill and loose chance for lower maint.

    Also if owners sold, or unit is in foreclosure, or pending short sale I feel funny paying out refunds to ex owners or folks that are hurting building. I rather take 100% into reserve or operating account. Only questionable part is new owners benefit on tax refund who never paid the tax in first place.

    Very murky on how buildings handle this. Lots of transient shady folk in my building. But the entire board is made up of folks who plan on owning units long term. They dont want quick cash.

  35. phoenix says:

    13 Rags
    Christie has some good ideas, but he is so focused on one group of individuals.
    They may not be perfect, but they are college educated and actually get up in the morning and WORK.
    He complains about the bennies they get, but attacks the current worker and lets the retired worker get the full nut. No shared sacrifice.
    Did nothing to fix infrastructure. Everything around us was built before he was a thought in his daddy’s mind. Some things you can only patch for so long.
    We in the USA have no problem buying things from sweat shops.
    What would really be the difference if we gave some drug dealers a chance to get out of prison if they work in our Iphone factory–then we can undercut the Chinese, put the profit into educating those same drug dealing workers with a little bonus to get them on their feet and at the same time rebuild manufacturing here.
    One of the dumbest things I remember hearing is when a law was passed/enforced for the patients of greystone requiring them to be paid for gardening when it was really a good therapy for them.
    Some good posts yesterday on buying American. Problem with many businesses here is they are not interested in just getting a profit, they want to clean up, or the owner wants to sit on his buttocks while his imported workers bust their butts. One of the most greedy that comes to mind is Sovaldi. Purposely prices the drug in the USA the highest, knowing that taxpayers will have to foot the bill as the majority of those needing this drug are not patients with health insurance, therefore the upper and middle class have the burden for paying for this. Too bad drug dealers are not smuggling this stuff instead of heroin.

  36. phoenix says:

    33 Anon
    Economic theft is a crime that the government sees as another form of revenue.
    That is why they are happy with fining them. The money goes from those cheated to the bank, then is split between the bank and the govt, 2 winners, one loser.
    I propose that these cheaters are weak. 2 large pieces of wood, some large spikes, a location near a busy highway, and a live video feed.
    Crucify the first couple of them. They will fold. This crap would never happen again.
    No need to even make a new law. The lumber and nails would cost less than 50 bucks.
    Problem solved.

  37. phoenix says:

    In comparison, some of them ISIS dudes would probably line up to be crucified and laugh as you nailed them to the cross.
    Different breed of criminal. This technique is not effective for them.

  38. The Great Pumpkin says:

    Yes, they have been investing in new technology, but at a minimal rate. Not enough to drive real growth. You are telling me that they have been spending more on investments than buy backs? Do you realize that this whole jump in the stock market has been mainly the result of buy backs?

    You are telling me that companies have been investing in workers? Past two years it has picked up, but it was dead before that. So save me the bs that 100% companies have been going all out with investing. Without demand, they won’t invest like that. They will associate the investment with pissing in the wind if there is no demand to drive it. They won’t pursue it, they will buy back instead, till demand picks up and tells them to start investing in expansion.

    Ragnar says:
    May 20, 2015 at 10:39 am
    “Okay, how many companies out there have been investing in new technology …”
    About 99% of them, and about 100% of those that plan to be in existence 10 years from now.

    How about spending some time in the real private sector world before blabbering your ignorant nonsense? You keep on pimping your delusional economic theory over and over again, but it’s just not connected to reality.

    But let’s start with baby steps, pimpkin. Keep your promise to just leave forever.

  39. leftwing says:

    Pimpkin

    Dear L0rd, what did you study in school?

    So, to distill, your idea is to liquidate wealth to give it to consumers to spend to create demand. This burst in demand, clearly marked and recognized as temporary, somehow creates growth in excess of the moneys spent?

    Even accepting the ridiculousness above, what happens when all the wealth is spent and there are no more assets to liquidate? No assets, no spending maybe? You have literally just described the former Soviet Union, take the assets of a few and distribute them to the masses. How did that end up?

    There’s a name for your economic policy. It’s called a bender. Take your entire paycheck and blow it on Friday night.

    I’m told here you have an investment property. Under your logic you need to liquidate that asset and give the proceeds to the 42% so that they can buy velvet Elvises and HDTVs for their apartments. To stimulate demand. Which broker will you be using? You are not exempt. Pony up mother f***er and list that house. Put your money where your mouth is.

  40. Libturd in the City says:

    It’s always nice to spend other peoples money. Just ask your local town council.

  41. FKA 2010 Buyer says:

    [35] D-FENS

    This is not role playing, they share a common interest in motorcycles and criminal activity. They like to dress up, carry concealed, smoke and get drunk, and ride around in large groups. You can be at the park or a restaurant with outdoor seating, and you have these thugs come up revving their engines and totally destroying the mood.

    What’s interesting is that they act all tough but because they didn’t grow up with a father they also look for some weird daddy / son relationships. I’m pretty sure that’s what happened since the fight started in the men’s room. Not sure why you would want to introduce yourself there but to each his own.

  42. The Great Pumpkin says:

    Good post. You should think about getting into politics. Your intentions are in the right place.

    phoenix says:
    May 20, 2015 at 10:51 am
    13 Rags
    Christie has some good ideas, but he is so focused on one group of individuals.
    They may not be perfect, but they are college educated and actually get up in the morning and WORK.
    He complains about the bennies they get, but attacks the current worker and lets the retired worker get the full nut. No shared sacrifice.
    Did nothing to fix infrastructure. Everything around us was built before he was a thought in his daddy’s mind. Some things you can only patch for so long.
    We in the USA have no problem buying things from sweat shops.
    What would really be the difference if we gave some drug dealers a chance to get out of prison if they work in our Iphone factory–then we can undercut the Chinese, put the profit into educating those same drug dealing workers with a little bonus to get them on their feet and at the same time rebuild manufacturing here.
    One of the dumbest things I remember hearing is when a law was passed/enforced for the patients of greystone requiring them to be paid for gardening when it was really a good therapy for them.
    Some good posts yesterday on buying American. Problem with many businesses here is they are not interested in just getting a profit, they want to clean up, or the owner wants to sit on his buttocks while his imported workers bust their butts. One of the most greedy that comes to mind is Sovaldi. Purposely prices the drug in the USA the highest, knowing that taxpayers will have to foot the bill as the majority of those needing this drug are not patients with health insurance, therefore the upper and middle class have the burden for paying for this. Too bad drug dealers are not smuggling this stuff instead of heroin.

  43. D-FENS says:

    Grim, would you kindly unmoderate my comments to FKA 2010 buyer? Thank you.

  44. Ragnar says:

    I agree let’s put all currency and interest rate manipulators in jail. Thus the US Treasury Dept and the Fed will be shut down, it’s bureaucrats imprisoned. Compared to their crimes, commercial bankers engaged in misdemeanors. Krugman should also be jailed for manipulation advocacy and hate speech.

  45. The Great Pumpkin says:

    First, this money is coming from the 1%. They can all contribute a small % that will not affect their standard of living in any way. I didn’t do the math, but I’m sure 5% or less will be more than enough. They have taken over almost all the gains in the past 5 years, so why are they not in a position to contribute? Other people (besides the 1%) contributing will negate the effect of the injection on the demand. It will wash it out. These people need the money in their hands to create the demand. If they contribute to this policy, how in the hell will in result in demand? They are the one’s that need the capital in their hands to jump-start the demand cycle.

    Second, you are not taking all their money. So how would they run out of money? They won’t even feel the loss of their contribution. Their standard of living will not be affected in any way. So what’s the problem?

    Third, yes it’s a temporary injection to fix a specific problem. You don’t just do this whenever you want. You do this when too much money is at the top and causes stagflation, income inequality, and just low growth overall. You don’t keep using this policy into infinite. That’s destructive. You will destroy the wealthy class and the economy.

    Fourth, I just turned 35 this year. Do you think I’m in the 1%? I’m doing well, but I’m in no position to help. I’m already doing my part. I took out as large of a loan as I could get and bought in the last week of 2011. I’m doing my part. My wife and I contribute 30,000 in property taxes to this state. Never mind all the other taxes we pay. So where is this extra 5% going to come from on my end? Do I stop investing in stocks and instead direct this money towards the economy at the expense of my future retirement? Please explain why I’m in the same special position to contribute as a billionaire? They don’t have extra cash to help jump-start the economy?

    leftwing says:
    May 20, 2015 at 11:13 am
    Pimpkin

    Dear L0rd, what did you study in school?

    So, to distill, your idea is to liquidate wealth to give it to consumers to spend to create demand. This burst in demand, clearly marked and recognized as temporary, somehow creates growth in excess of the moneys spent?

    Even accepting the ridiculousness above, what happens when all the wealth is spent and there are no more assets to liquidate? No assets, no spending maybe? You have literally just described the former Soviet Union, take the assets of a few and distribute them to the masses. How did that end up?

    There’s a name for your economic policy. It’s called a bender. Take your entire paycheck and blow it on Friday night.

    I’m told here you have an investment property. Under your logic you need to liquidate that asset and give the proceeds to the 42% so that they can buy velvet Elvises and HDTVs for their apartments. To stimulate demand. Which broker will you be using? You are not exempt. Pony up mother f***er and list that house. Put your money where your mouth is.

  46. grim says:

    Sorry looks like it went right into blacklist, not mod.

  47. leftwing says:

    Punkin, don’t even know where to start.

    There is not enough wealth at the 1% to move the needle. We’ve already established that if you clean out the Waltons IN TOTAL each member of the 42% gets only a grand.

    Second, temporary policies don’t work. You think the business owner is going to invest knowing the stimulus is short term? They will crank a couple extra shifts and pocket the difference. I have a very good local example for a business I looked at – tree company post Sandy. Monstrous boon in revenue for them, not one piece of new equipment. Work just got put out two weeks and marked up 50%. Marginal cost/benefit analysis.

    Lastly and most importantly you have now received your gold plated Liberal membership card. Which is to say you feel you can make any policy you want with whichever arbitrary parameters you choose provided it doesn’t affect you.

    Your last paragraph is truly extraordinary in its hubris. Welcome to the club.

    “Fourth, I just turned 35 this year. Do you think I’m in the 1%? I’m doing well, but I’m in no position to help. I’m already doing my part. I took out as large of a loan as I could get and bought in the last week of 2011. I’m doing my part. My wife and I contribute 30,000 in property taxes to this state. Never mind all the other taxes we pay. So where is this extra 5% going to come from on my end? Do I stop investing in stocks and instead direct this money towards the economy at the expense of my future retirement?”

  48. D-FENS says:

    48 – Oh well. It’s probably for the best. FKA is just trolling anyway. My guess is he was @ss raped by a biker in a parkway rest area or something and still harbors resentment.

  49. The Great Pumpkin says:

    Please do not use the soviet union or any other country as an example of communism. Communism can not exist. Why? It’s impossible to eliminate corruption due to greed. That economic system can not function under corruption or greed. Soviet Union and China, are not examples of Communism, so don’t even associate that word with their economic systems. Those countries were the definition of corruption. They barely distributed anything to their lower classes while the top lived like kings. That system has nothing to do with communism. Communism is not even a bad thing, it’s just a theoretical economic system based on no ownership. Once again, it can not even exist, so why does the word get brought up when we speak of other governments. Brainwashed by 1950’s propaganda, that’s why.

    “Even accepting the ridiculousness above, what happens when all the wealth is spent and there are no more assets to liquidate? No assets, no spending maybe? You have literally just described the former Soviet Union, take the assets of a few and distribute them to the masses. How did that end up?”

  50. Libturd in the City says:

    Grim,

    You know what would be nice, probably doesn’t exist, but perhaps it does?

    If there was a way to enter the text into a field somewhere and have it reveal what triggered the moderation or black list? It need not post nor even log, but it would solve the issue of trying to write posts longer than a sentence or two. Any ideas?

  51. leftwing says:

    Hey, Einstein, you’re the one using the ‘C’ word, not me.

    I’m the one pointing out the result of a system that lets bureaucrats determine wealth and income distribution.

    You truly have zero reading comprehension.

  52. Libturd in the City says:

    leftwing,

    Speaking of the assraping the tree companies were doing, I saw what was going on and waited quite a while before I had my trees removed. I urged Montclair to make all of the roads passable and let the town take care of the trees one by one at a normal pace. After all, most of the downed trees were the poorly rooted trees they plant between the sidewalk and street. They chose not to. I think we paid a 1.5% increase in our property taxes for all of the tree service outsourcing they paid for. It worked out to like $150 per average home. This is why I have no faith in government or government workers. Minimize the size of government already. It’s getting so silly.

  53. D-FENS says:

    Lib, I have a pretty good idea why my post was immediately blacklisted.

  54. FKA 2010 Buyer says:

    [50] D-Fens

    Not only were these pikers shooting other bikers but now there is a fear more thugs are on their way to go after law enforcement officers. I have no insight into the mindset of criminals but why would you want to continue to go in and out of jail?

    I have nothing against bikers or anyone who indulges in that lifestyle, to each their own.

  55. Not DFense says:

    As always South Park was way ahead on the biker issue.

    https://youtu.be/2gX1q-HqxQA

  56. JJ says:

    Why would anyone in their right mind pay 30K in property taxes? I mean you are only 35. Take out a calculator and look at how much historically putting 30K a year in a good stock fund for 32 years would be. A huge amount. When you retire at 67 all that money would be gone.

    Plus you house had to rise in value 30K a year every year just to break even.I hope you are grieving those taxes. Folks with high incomes should buy small houses as the property tax is one of few taxes not income based. I can control that tax. Unlike income tax or payroll tax which I have little control over.

    The Great Pumpkin says:
    May 20, 2015 at 11:59 am
    My wife and I contribute 30,000 in property taxes to this state.

  57. grim says:

    I can post the blacklist words

  58. grim says:

    There are probably a couple in there that I should take out (coach, etc).

  59. Libturd in the City says:

    That would help. Make a link to the list on your page.

  60. Libturd in the City says:

    Mickey Ds always gets me, but c0ach and casin0 as well.

  61. Libturd in the City says:

    Tung-us?

  62. leftwing says:

    Lib

    Was a little interested on the tree business pre-Sandy. Storm hits and a tall tree on my property line uproots and tangles crowns with the neighbor’s tree. Ours is tall enough if it breaks loose it will slice the neighbor’s house down the middle. Had three companies come by, they all looked and said since the crowns were tangled it ‘should’ stay and was not a priority for them, can’t do it anytime soon.

    See a truck go by with NY plates, guy is down from near the Canadian border. Offer him $2500 cash he does it on the spot. He has no way to get his word out, he is just driving around and getting waved down. I offer to help, I go down to the town hall (working internet) and send an email to my kids’ sports teams’ distribution lists. Replies light up. Guy was booked for two weeks solid.

    Speaking with the guy the price he gets for services upstate is literally a third of what we pay here under regular conditions. Same equipment. There’s a business model in there somewhere even without a major storm. Normal storm frequency would provide some nice gravy.

    At the end of the two weeks he came back to my house and handed me the $2500 back. Said he couldn’t keep it after I helped him given the amount of money he made. Looked a little embarrassed. I accepted it, that basically covered the nights I paid for my neighbor’s hotel room given no way they were staying in their house before the tree was removed LOL.

  63. grim says:

    How did you not get blacklisted for posting that? Ah, nevermind I see. My font obscures it.

  64. grim says:

    I have no idea why tung-us is there, or even what it is.

  65. grim says:

    Sorry, no more money left. NJ is tapped out.

    From the Record:

    No money left in this year’s budget to restore pension cut, N.J. officials say

    In a rare moment of agreement, analysts for Governor Christie and the Legislature’s independent budget office said Tuesday that no matter how the state Supreme Court rules in a dispute over funding New Jersey’s pension system, there is no more money left this year to restore more than $1 billion that Christie cut from a payment to the retirement plans.

    Using his veto powers at the start of the fiscal year, Christie reduced a $2.25 billion payment to $681 million, defying pension-reform laws he signed in his first term requiring the higher payment for the strapped retirement system. Public-worker unions promptly sued, arguing that a 2011 law Christie signed gave them a constitutionally protected right to the full amount.

    As the case made its way through the courts, the state kept making payments to schools, hospitals, universities and hundreds of other programs. Now with only weeks left before the end of the fiscal year, almost all of the $33.1 billion in the state budget has been paid out, said David Rosen, the budget chief at the independent Office of Legislative Services.

    “If the Supreme Court were to direct the state to make the full pension payment before June 30, I’m not sure that that’s fiscally or physically possible,” Rosen testified before the state Senate Budget and Appropriations Committee, citing “the constraints that we have on how we could come up with that money.”

    “I think, frankly, that ship has sailed,” Sidamon-Eristoff told the senators on the committee when asked about the chance of making a full payment. “Just being realistic, it seems somewhat remote that we would have enough uncommitted balances to meet that obligation.”

  66. JJ says:

    Irene took out a lot of trees and Sandy took out the rest near me. He needs to wait another ten years to come back as there are no more large trees to cut down.

    My town took down 380 damaged trees on FEMAs dime but has no funds to replace them. So just a lot of barren spots.

    leftwing says:
    May 20, 2015 at 12:46 pm
    Lib

    Was a little interested on the tree business pre-Sandy. Storm hits and a tall tree on my property line uproots and tangles crowns with the neighbor’s tree. Ours is tall enough if it breaks loose it will slice the neighbor’s house down the middle. Had three companies come by, they all looked and said since the crowns were tangled it ‘should’ stay and was not a priority for them, can’t do it anytime soon.

    See a truck go by with NY plates, guy is down from near the Canadian border. Offer him $2500 cash he does it on the spot. He has no way to get his word out, he is just driving around and getting waved down. I offer to help, I go down to the town hall (working internet) and send an email to my kids’ sports teams’ distribution lists. Replies light up. Guy was booked for two weeks solid.

    Speaking with the guy the price he gets for services upstate is literally a third of what we pay here under regular conditions. Same equipment. There’s a business model in there somewhere even without a major storm. Normal storm frequency would provide some nice gravy.

    At the end of the two weeks he came back to my house and handed me the $2500 back. Said he couldn’t keep it after I helped him given the amount of money he made. Looked a little embarrassed. I accepted it, that basically covered the nights I paid for my neighbor’s hotel room given no way they were staying in their house before the tree was removed LOL.

  67. The Great Pumpkin says:

    Look up the post Keynesian school of economics. You are looking at the economy through the eyes of old school classical economics. You believe the free market system to be perfect and in need of no assistance. The magic hand guides all. Well, post keynesians acknowledge that the system is not perfect and will prob never be perfect. So they don’t deal with absolutes. They address and attack the problems on a needed basis. This is the strongest school of economics in existence today in my humble opinion.

    Here read up on this:

    “The term post-Keynesian was first used to refer to a distinct school of economic thought by Eichner and Kregel (1975)[4] and by the establishment of the Journal of Post Keynesian Economics in 1978. Prior to 1975, and occasionally in more recent work, post-Keynesian could simply mean economics carried out after 1936, the date of Keynes’s The General Theory.[5]

    Post-Keynesian economists are united in maintaining that Keynes’s theory is seriously misrepresented by the two other principal Keynesian schools: neo-Keynesian economics which was orthodox in the 1950s and 60s – and by New Keynesian economics, which together with various strands of neoclassical economics has been dominant in mainstream macroeconomics since the 1980s. Post-Keynesian economics can be seen as an attempt to rebuild economic theory in the light of Keynes’s ideas and insights. However even in the early years Post Keynesians such as Joan Robinson sought to distance themselves from Keynes himself and much current post-Keynesian thought cannot be found in Keynes. Some Post Keynesians took an even more progressive view than Keynes with greater emphases on worker friendly policies and re-distribution. Robinson, Paul Davidson and Hyman Minsky were notable for emphasising the effects on the economy of the practical differences between different types of investments in contrast to Keynes’ more abstract treatment.[6]

    The theoretical foundation of post-Keynesian economics is the principle of effective demand, that demand matters in the long as well as the short run, so that a competitive market economy has no natural or automatic tendency towards full employment.[7] Contrary to the views of New Keynesian economists working in the neo-classical tradition, Post-Keynesians do not accept that the theoretical basis of the market failure to provide full employment is rigid or sticky prices or wages. Post-Keynesians typically reject the IS/LM model of John Hicks, which was very influential in neo-Keynesian economics.[citation needed]

    The contribution of post-Keynesian economics[8] has extended beyond the theory of aggregate employment to theories of income distribution, growth, trade and development in which money demand plays a key role, whereas in neoclassical economics these are determined by the real forces of technology, preferences and endowment. In the field of monetary theory, post-Keynesian economists were among the first to emphasise that the money supply responds to the demand for bank credit,[9] so that the central bank can not control the quantity of money, but only manage the interest rate by managing the quantity of monetary reserves.

    This view has largely been incorporated into monetary policy, which now targets the interest rate as an instrument, rather than the quantity of money. In the field of finance, Hyman Minsky put forward a theory of financial crisis based on financial fragility, which has recently received renewed attention”

    http://en.wikipedia.org/wiki/Post-Keynesian_economics

    leftwing says:
    May 20, 2015 at 12:12 pm
    Punkin, don’t even know where to start.

    There is not enough wealth at the 1% to move the needle. We’ve already established that if you clean out the Waltons IN TOTAL each member of the 42% gets only a grand.

    Second, temporary policies don’t work. You think the business owner is going to invest knowing the stimulus is short term? They will crank a couple extra shifts and pocket the difference. I have a very good local example for a business I looked at – tree company post Sandy. Monstrous boon in revenue for them, not one piece of new equipment. Work just got put out two weeks and marked up 50%. Marginal cost/benefit analysis.

    Lastly and most importantly you have now received your gold plated Liberal membership card. Which is to say you feel you can make any policy you want with whichever arbitrary parameters you choose provided it doesn’t affect you.

  68. Jason says:

    58-

    JJ, that’s what doesn’t add up about Pumps

    He says he’s 35, and spending 30K in property taxes.

    In addition, rather than grieve at all this money he’s wasting, he welcomes it.

    His story smells worse than rotten pumpkins.

  69. The Great Pumpkin says:

    That was fat man’s plan all along. Don’t include it in the budget, then when there is 2 months left in the budget, explain to people that there is no way to pay for it. That’s dirty politics, not honest politics at all. Of course when the budget year is over, there is no money left.

    grim says:
    May 20, 2015 at 1:23 pm
    Sorry, no more money left. NJ is tapped out.

    From the Record:

    No money left in this year’s budget to restore pension cut, N.J. officials say

  70. grim says:

    Precisely why pensions should be eliminated entirely and moved to defined contribution plans. The government has no business administering retirement funds of any sort. Neither side, democrat or republican, should be trusted, or can be trusted. Likewise, state and local governments have shown that they are not capable of managing financials on a long term basis, as it is in direct opposition to their own political motivations.

  71. The Great Pumpkin says:

    Do you want me to post my name and addresses? I’m scared to do that, but I am not making stuff up. Why would I lie? I’m not wasting anything. Society has to be paid for. I told you this, I probably pay more taxes than most, yet I don’t complain. I understand that taxes are a necessary for society to be able to function. Don’t like paying them, but I accept it.

    I’m still able to grow my wealth year after year, so why should I complain? This state is still providing the means for me to make good money and move up the ladder, so I accept that I will pay a lot in taxes. I make more than almost 95% of the people in this country. I make more than probably 98% of the people my age. So if you think I’m on the hunt to take rich people’s money, you have it all wrong. I would be attacking myself. I’m on the hunt to fix the economics so everyone, including myself, can make a lot more money. USA!!! USA!!! Bring back the patriotic entrepreneurs that made this country great. I’m not worried about income inequality for the world, I’m worried about my country. That’s it. Bring back the entrepreneurs who love this country and want to make it a better place for everyone. The dirtbags shipping jobs and renouncing their citizenship in the name of profit can go to hell.

    Jason says:
    May 20, 2015 at 1:35 pm
    58-

    JJ, that’s what doesn’t add up about Pumps

    He says he’s 35, and spending 30K in property taxes.

    In addition, rather than grieve at all this money he’s wasting, he welcomes it.

    His story smells worse than rotten pumpkins.

  72. The Great Pumpkin says:

    Agree with that. Too much temptation to take advantage of people’s retirement funds by officials with no ethics or morals.

    grim says:
    May 20, 2015 at 1:40 pm
    Precisely why pensions should be eliminated entirely and moved to defined contribution plans. The government has no business administering retirement funds of any sort. Neither side, democrat or republican, should be trusted, or can be trusted. Likewise, state and local governments have shown that they are not capable of managing financials on a long term basis, as it is in direct opposition to their own political motivations.

  73. Fast Eddie says:

    …and if NJ could sweep out the welfare-dependent riffraff, there is a huge supply of re-developable land that productive human beings could inhabit.

    That would be nice but then where would dem0crats get their votes?

  74. Fast Eddie says:

    Society has to be paid for.

    Then why aren’t liberals contributing more to pay for society?

  75. grim says:

    This one is going to be fun……
    http://www.wsj.com/articles/california-pipeline-ruptures-leaks-oil-into-pacific-ocean-1432088366?mod=yahoo_hs

    In other news, more than 500 gallons of baby oil expected to be dumped into the Atlantic Ocean on the Jersey Coast this summer. Double that when Ara H. visits the Red Bank office and goes for a swim.

  76. Libturd in the City says:

    “Precisely why pensions should be eliminated entirely and moved to defined contribution plans. The government has no business administering retirement funds of any sort. Neither side, democrat or republican, should be trusted, or can be trusted. Likewise, state and local governments have shown that they are not capable of managing financials on a long term basis, as it is in direct opposition to their own political motivations.”

    Exactly my opinion as well. Now this doesn’t mean that I support the privatization of everything as well. But until the government starts behaving fairly, I will continue to fight against everything they claim is for the improved well being of the populace.

  77. [24]grim – re:Newark junk bonds. I think Meredith Whitney would say otherwise. She was just 5 or 6 years early on her call, maybe. She’s not doing too well now, either.

    http://www.bloomberg.com/news/articles/2015-01-12/how-meredith-whitney-s-american-revival-sputtered-in-debut-year

    “It just speaks to that the state’s fiscal condition is now affecting municipalities in a way no one expected it to, and how it needs to get cleaned up,”

  78. grim says:

    Continues to boggle my mind how defined benefit pensions plans are legal in the public sector.

    Politicians are driven by short term motivations, pensioners realize their impact to local politics.

    So you allow politicians to negotiate pensions with pensioners? You have two sides, neither or which is actually fully funding the defined benefit, nor do they have the money needed. But somehow, they are free to negotiate whatever they like? They sign contacts without any implication for where the money is coming from?

    How is this legal? What am I missing? You have two people making a handshake, making financial promises that involve money that neither of them have.

  79. The Great Pumpkin says:

    That’s the worst. Trees make all the difference. Nothing better than tree lined streets. They are a pain, but make all the difference in appearance. Adds insane amounts to land value having tree lines streets.

    JJ says:
    May 20, 2015 at 1:28 pm
    Irene took out a lot of trees and Sandy took out the rest near me. He needs to wait another ten years to come back as there are no more large trees to cut down.

    My town took down 380 damaged trees on FEMAs dime but has no funds to replace them. So just a lot of barren spots.

  80. Pantup says:

    Is there anyone out there doing something along the lines of NINA type lending any more? I have ~$500K equity on my home in Bergen county and looking to do a HELOC. I own a business and don’t show much on the W2s. Anything out there?

  81. [81] grim – I’ll take it a step further:

    Continues to boggle my mind how defined benefit pensions plans unions are legal in the public sector.

  82. Mike says:

    81 Christie would love to have you at the Town Hall Meeting

  83. The Great Pumpkin says:

    80- This is insane. They actually gave her millions to invest after listening to her spew this crazy prediction. That’s nuts. Betting that middle america will do better than coastal america is one of the craziest predictions I have ever heard.

    “Her American Revival Fund started investing in heartland stocks in November 2013, after the Wall Street star predicted on TV and in a book that the center of the U.S. would boom. “

  84. Ragnar says:

    81, grim
    Channeling the opposition –
    Because pension guarantees allow people who serve society to retire with dignity, and they gave up the much higher wages they could have received in the private sector if they wanted to, and because giving money to middle class people like this creates the “aggregate demand” that keeps the economy thriving.

    Now I want to go take a shower.

  85. Ragnar says:

    Note to Ms. Whitney,
    Don’t let advocacy and narratives get in the way of probabilistic thinking about market outcomes, and don’t forget that governments almost always delay a “day of reckoning” as long as possible.

  86. JJ says:

    Insane amount of negative value if trees get too big. I actually had at one point 7 large trees on my little plot. When I bought my house I had three stumps. On hit neighbors house and was cut down, another was growing into foundation and cut down and a third was growing into neighbors fence and cut down. Guy I bought from in December 1999 was complaining about prior owner put all the damm trees up. I also had four trees against my fence on neighbor side. In a space of like 60 by 107 I had 11 large trees at one point in the 1990s if you count ones against my fence on neighbor side. Neighbors kid who was like 20 when I moved in used to call my house the Tree house when he was little. They sneak into yard and hide.

    Anyhow. I cut down a few trees, Irene took out two trees and Sandy took out one tree. I have no trees on my property. The neighbors four massive trees up against my fence, Irene took out one tree, Sandy the other. Now I have two large trees left inches from my back fence on neighbors side that shades the back ten feet of yard and that is plenty.

    My condo complex we took out a ton of trees between Sandy and Irene. And we trimmed a whole bunch. No plans on replacing any of them. Down by beach trees eventually hit your house, hit your neighbors house or take out your powerline. My pool at home is now nice and sunny, my condo complex I see folks now suntanning out on decks that were dark. Both condo complex and my home we no longer clean gutters. No tree anymore within 40 feet of house. What a blessing.

    The Great Pumpkin says:
    May 20, 2015 at 2:12 pm
    That’s the worst. Trees make all the difference. Nothing better than tree lined streets. They are a pain, but make all the difference in appearance. Adds insane amounts to land value having tree lines streets.

    JJ says:
    May 20, 2015 at 1:28 pm
    Irene took out a lot of trees and Sandy took out the rest near me. He needs to wait another ten years to come back as there are no more large trees to cut down.

    My town took down 380 damaged trees on FEMAs dime but has no funds to replace them. So just a lot of barren spots.

  87. Ragnar says:

    70,
    That post is such a non-sequitur, that it’s remarkable, even given your long history of non-sequiturs and faulty thinking processes.
    Typical pimpkin technique. Don’t answer, instead put a new set of words in someone’s mouth and then give an incorrect argument against that strawman.
    leftwing is probably thinking “wtf?”

  88. anon (the good one) says:

    the Feds have a different view. but to you, they are OK as long as they ain’t people of color. the racism here is so predictable

    D-FENS says:
    May 20, 2015 at 10:50 am

    28 – Most of the time, it’s just a group of people that all have a common interest in motorcycles. Not that much different than a car club…

  89. leftwing says:

    “How is this legal? What am I missing? You have two people making a handshake, making financial promises that involve money that neither of them have.”

    Similar basis for your f***ed up healthcare system. Ultimate payer is represented nowhere in price discussions.

  90. joyce says:

    The Feds have a different view than you as to how to deal with white collar criminals… yeah and?

    anon (the good one) says:
    May 20, 2015 at 2:54 pm

    the Feds have a different view.

  91. leftwing says:

    Our town is crazy on trees.

    Of course in good government fashion the rules on cutting them are arcane and illogical. Main one being a three tree limit over 18″ trunk regardless of population. If I have three of them I can clear cut the lot; if I have a dozen I must maintain nine on the lot.

    Had two massive tulips along the driveway. They drip sap impossible to remove early in the season; messed up my convertible top one year and made my driveway unparkable. Finally got a permit to cut them down by having an attorney put the committee on notice that a tree professional deemed them a ‘risk’ should they fall on the house and by making me keep them the town assumes responsibility for any material or personal damage.

    I think half the town took Sandy as an opportunity to take down some unwanted large healthy trees they otherwise would not be allowed to. “Oh, that missing tree? Damaged during Sandy…”

  92. FKA 2010 Buyer says:

    [68] Grim

    And to think that the State decided they only needed $250 million of the $9 billion settlement with Exxon.

  93. anon (the good one) says:

    @jayrosen_nyu:
    “The media reaction to Waco [is] a fascinating mirror to hold up to the media reactions in other situations.”

    “That’s something else that’s in sharp relief in Waco right now. When, for example, the shooting in Garland occurred earlier this month, CNN interviewed leaders at mosques for reactions; after the funeral for Freddie Gray in Baltimore, the media sought statements from Martin Luther King’s surviving family to assess what his reaction might be to the protests.

    When violence is committed by people who aren’t white, their actions are treated as representative of their entire communities. That’s something that anybody with a 101-level understanding of race and media in America understands, but it’s also something that the shoot-out at the Twin Peaks in Waco perfectly encapsulates.

    There is no question about what the incident in Waco says about white people, or whether white leaders need to be more vocal in urging white people away from violence. No one questions whether white culture is partly to blame, or whether white leaders of the past would be disappointed in the situation.”

  94. yome says:

    list of car models, and model years, already known to use the recalled Takata airbags.
    A
    Acura CL, 2003
    Acura MDX, 2003-2005
    Acura TL, 2002-2003
    B
    BMW 325Ci, 2004-2006
    BMW 325i, 2004-2006
    BMW 325Xi, 2004-2005
    BMW 330Ci, 2004-2006
    BMW 330i, 2004-2006
    BMW 330Xi, 2004-2005
    BMW 3-Series, 2000-2006
    BMW M3, 2001-2006
    C
    Chrysler 300, 2005-2008
    Chrysler 300C, 2005-2007
    Chrysler Aspen, 2007-2008
    Chrysler SRT8, 2005-2007
    D
    Dodge Charger, 2005-2007
    Dodge Dakota, 2005-2007
    Dodge Durango, 2004-2008
    Dodge Magnum, 2005-2007
    Dodge Ram 1500, 2003-2008
    Dodge Ram 2500, 2003-2008
    Dodge Ram 3500, 2003-2008
    F
    Ford GT, 2005-2006
    Ford Mustang, 2005-2008
    Ford Ranger, 2004-2005
    H
    Honda Accord, 2001-2007
    Honda Civic, 2001-2005
    Honda Civic Hybrid, 2003
    Honda CR-V, 2002-2006
    Honda Element, 2003-2011
    Honda Odyssey, 2002-2004
    Honda Pilot, 2003-2008
    Honda Ridgeline, 2006
    I
    Infiniti FX35, 2003-2005
    Infiniti FX45, 2003-2005
    Infiniti I30, 2001
    Infiniti I35, 2002-2004
    Infiniti M35, 2006
    Infiniti M45, 2006
    Infiniti QX4, 2002-2003
    L
    Lexus SC, 2002-2007
    M
    Mazda6, 2004-2008
    MazdaSpeed Mazda6, 2006-2007
    Mazda RX, 2004-2008
    Mitsubishi Lancer, 2004-2005
    Mitsubishi Raider, 2006-2007
    N
    Nissan Maxima, 2001-2003
    Nissan Pathfinder, 2001-2004
    Nissan Sentra, 2002-2006
    P
    Pontiac Vibe, 2003-2007
    S
    Saab 9-2X, 2005
    Subaru Baja, 2003-2005
    Subaru Impreza, 2004-2005
    Subaru Legacy, 2003-2005
    Subaru Outback, 2003-2005
    T
    Toyota Corolla, 2003-2007
    Toyota Corolla Matrix, 2003-2007
    Toyota Rav4, 2004-2005
    Toyota Sequoia, 2002-2007
    Toyota Tundra, 2003-2006

  95. grim says:

    Since when are salaries in the public sector lower than the private sector, and those who join the public sector taking a pay cut to do so?

    Do people still believe this nonsense? This is a load of absolute crap.

    Public sector employees not only command equal wages, they get a gold plated benefits and retirement package.

    I went into the private sector, and I’m kicking myself for not becoming a cop like my neighborhood buddies growing up.

    They are all 2/3 of the way to retirement, me? I got another 30 years.

  96. anon (the good one) says:

    thanks. My Subarus are newer

    yome says:
    May 20, 2015 at 3:31 pm
    list of car models, and model years, already

  97. The Great Pumpkin says:

    Explain the position a post Keynesian would recommend to take on the current markets lack of demand. Don’t attack me either, just answer the question.

    Ragnar says:
    May 20, 2015 at 2:43 pm
    70,
    That post is such a non-sequitur, that it’s remarkable, even given your long history of non-sequiturs and faulty thinking processes.
    Typical pimpkin technique. Don’t answer, instead put a new set of words in someone’s mouth and then give an incorrect argument against that strawman.
    leftwing is probably thinking “wtf?”

  98. Libturd in the City says:

    In Montclair they pay their firemen nearly 100K base. In Little Falls, where they are volunteers, they get paid nothing. Collectively, the Montclair Fire Protection force probably couldn’t pass the 4th grade PARCC. So why do they get lifetime medical and pension?

  99. grim says:

    Please spare me the bit about it being dangerous, so they need to be paid more. Statistics say it’s more dangerous to be a garbage collector than fire or police.

  100. grim says:

    In fact, a garbage collector is more than twice as likely to die on the job.

  101. 1987 Condo says:

    Welcome to my world..I’ll be at my brothers’ Memorial Day BBQ on S.I. listening to a dozen NYPD/FDNY complain about income equality, the 1% and how much us private business people are screwing everyone else, etc. LOL

  102. The Great Pumpkin says:

    To be fair, it sucks to be an nypd cop. They don’t get paid much, right?

    1987 Condo says:
    May 20, 2015 at 4:10 pm
    Welcome to my world..I’ll be at my brothers’ Memorial Day BBQ on S.I. listening to a dozen NYPD/FDNY complain about income equality, the 1% and how much us private business people are screwing everyone else, etc. LOL

  103. chicagofinance says:

    Not a “he” and also does not live in NJ.

    Jason says:
    May 20, 2015 at 1:35 pm
    58-

    JJ, that’s what doesn’t add up about Pumps

    He says he’s 35, and spending 30K in property taxes.

    In addition, rather than grieve at all this money he’s wasting, he welcomes it.

    His story smells worse than rotten pumpkins.

  104. Fabius Maximus says:

    #34 Lib

    “From 2008 to 2012, the blue team had the house”

    No, the red team had 40 plus Joe Lieberman. Got Cloture?

  105. The Great Pumpkin says:

    Grim—111 in mod

  106. chicagofinance says:

    I miss the days of monitoring the outdoor fountain at Hovnanian to see whether they had enough money to keep it running……..

    grim says:
    May 20, 2015 at 1:50 pm
    This one is going to be fun……
    http://www.wsj.com/articles/california-pipeline-ruptures-leaks-oil-into-pacific-ocean-1432088366?mod=yahoo_hs

    In other news, more than 500 gallons of baby oil expected to be dumped into the Atlantic Ocean on the Jersey Coast this summer. Double that when Ara H. visits the Red Bank office and goes for a swim.

  107. Libturd in the City says:

    The guys I feel bad for are my production people. They make sh1t compared to what I bring home. They make less than anyone in government accept for the lowest level clerks. And there are a hell of a lot more of them than there are government workers in this country. These guys work longer hours, are probably smarter on average and will work 10 or 20 more years than their counterparts in the public sector. They will not have supplemental health care when they retire around 70. They will take their 50% match on the first 3% of their 401K and will have to figure out how to make it last. They won’t be paid out for their unused sick days. They won’t be guaranteed a retirement if the market crashes when they choose to cash out. Their spouses? They’ll be lucky if their employer was equally as generous. If they were smart, they would have married a teacher or a cop[. Yet I’m supposed to sympathize for their plight? F that!

  108. chicagofinance says:

    Can you make sure that anything posted by an Irish national shorter the 5′ 6″ goes into the blacklist?

  109. Libturd in the City says:

    “No, the red team had 40 plus Joe Lieberman. Got Cloture?”

    2009-2011. Right after the financial crisis occurred and with a near mandate due to Obama’s landslide victory, the blue team (who controlled all three) did nothing but soften the rules for the banks and let the small banks fail making the largest banks even more too big to fail. Yeah. I got Cloture. And I didn’t even have to mention all of the thank you’s that the porkulous program paid back to the parties financiers for having wasted so many campaign finance dollars on the blue team for the 12 years prior. Your team is as corrupt as any. They are all bought by the 1%. Only the Dems are smart enough to know that the 99% is a much larger voting block so they throw their rhetoric in that direction. Baa!

  110. The Great Pumpkin says:

    Come on, I’m not making up anything. You are barking up the wrong tree.

    chicagofinance says:
    May 20, 2015 at 4:15 pm
    Not a “he” and also does not live in NJ.

    Jason says:
    May 20, 2015 at 1:35 pm
    58-

    JJ, that’s what doesn’t add up about Pumps

    He says he’s 35, and spending 30K in property taxes.

    In addition, rather than grieve at all this money he’s wasting, he welcomes it.

    His story smells worse than rotten pumpkins.

  111. anon (the good one) says:

    if people spent half as much time bettering themselves as they did coveting government workers, we’d all be much better off

    D-FENS says:
    May 19, 2015 at 7:41 am
    if people spent half as much time bettering themselves as they did coveting the 1%, we’d all be much better off.

  112. D-FENS says:

    I defended Michael Brown and Eric Garner on this board you dunce.

    anon (the good one) says:
    May 20, 2015 at 2:54 pm
    the Feds have a different view. but to you, they are OK as long as they ain’t people of color. the racism here is so predictable

    D-FENS says:
    May 20, 2015 at 10:50 am

    28 – Most of the time, it’s just a group of people that all have a common interest in motorcycles. Not that much different than a car club…

  113. anon (the good one) says:

    The Worst Band To Ever Play The Late Show With David Letterman
    On November 19th, 2008, Mr. Brownstone—a local NYC Guns n’ Roses cover band—played The Late Show with David Letterman.

    I remember taking a shot of whiskey while being escorted to perform on the stage of The Late Show with David Letterman, and a hair from my wig was stuck in my mouth. Having a hair stuck in your mouth is gross and annoying, but the combination of A) wig hair and B) an impending audience of millions can exacerbate that. I plugged in my guitar but no sound would come out of the amp, the production crew was scrambling. I looked up desperately and saw Paul Shaffer just staring at me, confused. In hindsight his confusion was probably less about my inability to turn on an amp and more about why the hell a Guns n’ Roses cover band was playing there.
    Someone noticed that my amp was in “standby” mode, so they flipped the switch and all was right with the world. I looked up at the band and we all exchanged glances, not unlike Paul Shaffer’s, but a little more giddy and way more drunk. Then David Letterman introduced us, and we were censored for swearing within 5 seconds of the performance.

    Time out: Why did they book a cover band on Letterman?? Good question. I think it’s perfectly reasonable to say that the best cover band garners less artistic credibility than the worst original band. In that sense, we were without a doubt the worst band to ever play Letterman. Of the five cover bands who have ever graced that stage, we’re unequivocally the least impressive. If you’re going to be bad at something you might as well go all the way and be the absolute worst.

    So we decided that the best way to have a Guns n’ Roses cover band is to wear stupid costumes, never rehearse, and always be drunk. Somehow that worked; we ended up selling out 1000-capacity venues and playing places like Bonnaroo and Letterman. Is it unfair to real, original, hard-working bands? Yes. Does it promote a lack of values and perpetuate a negative climate in an already-decimated industry? Yes. But do I regret any of it? Well, yes. Most of it. I forget where I was going with this.

    In any case, The Late Show has pulled the episode from syndication and the video has been taken off of YouTube/CBS.com.

    Here are some fun facts for the few of you still reading this:
    The guest that night, Katie Couric, declined our invitation to “come hang out.”
    Chris Elliott, who was also on that night, declined our invitation to play cowbell.
    We all put microphones in front of us and pretended to sing so we’d get paid twice (you get paid once from a musicians’ union and once from a singers’ union.) It was $700 total, if you must know.
    We brought a roadie with us who was in charge of whiskey-pouring and wig-straightening.
    My parents still have the performance “TIVO’ed” at their house in Maine. They declined to comment for this piece.

  114. D-FENS says:

    Oh wow. It only took you a day and a half to think of that. I suppose it’s a step up from reposting tweets.

    anon (the good one) says:
    May 20, 2015 at 4:48 pm
    if people spent half as much time bettering themselves as they did coveting government workers, we’d all be much better off

    D-FENS says:
    May 19, 2015 at 7:41 am
    if people spent half as much time bettering themselves as they did coveting the 1%, we’d all be much better off.

  115. The Original NJ ExPat says:

    The plumpskin comes off as such a mental midget that I’m beginning to think his family lives in Wayne and he is housed in one of Nana’s apartments in Clifton as a tenant, surrounded by empty Natty Light 40 oz. bottles and god knows what else.

  116. The Original NJ ExPat says:

    [117] anon – If you were half as smart as you think you are you’d be twice as smart as you are.

  117. Juice Box says:

    At the salon, god damm hipster sitting next to me with a bull ring in his nose getting highlights. Dude freaked out on the hair stylist too. Does anyone really think these self absorbed unemplyoed slackers will be paying for their social security?

  118. grim says:

    NJEA has a million dollars to run protest advertisements?

    Why don’t they contribute that million dollars to the pension deficit?

  119. NJT says:

    #123 “At the Salon”. Go to a barbershop and you won’t see people like that.

  120. Comrade Nom Deplume, who needs to stop screwing around and get back to work says:

    [16] grim

    I never put anyone on a bus to NJ.

    Of course, I’m not complaining but consider their perspective. They just want to go home and we help them.

  121. grim says:

    Ask for highlights at my barber shop and they’ll put on Sinatra’s greatest hits.

  122. NJT says:

    Chubby story (CC), Tenant tale and a question:

    First year in office as Gov. CC attended a NJF&W meeting that featured a buffet breakfast. I was behind him in line. Dude TIPPED the sausage tray in order to SCRAPE them out! I said to him “Can you leave some for me?”. If looks could kill…

    (Keeping it Real Estate related) Tenant calls me early Sunday morning saying the back screen door is shocking her. What? Ride over. I don’t feel anything. She says “Take your shoes and socks off”. WHOA! That woke me up all the way.

    Couldn’t figure out what was causing the problem until she told me the wind caught the door a few days before while she was walking in with groceries and smashed it against the porch light. Fixture was loose. Took it apart and found a loose wire. Redid the wiring, taped it all up and reinstalled the fixture. Problem solved.

    Before I found that out I called PSE&G thinking a ground wire might be out in the area. Didn’t cancel the call and they pulled up just after I finished. Guys get out and tell me “The power lines to this house are F**cked up. Who did this job”. I dunno that how they were when I bought the place I told them. They ran new sets for free and checked out all the other electrical stuff. Must have got some nice overtime.

    The electric bills for both units have been remarkably…no, RIDICULOUSLY low and one tenant in the past had so much draw I was worried he wouldn’t be able to pay the rent. Nope. $46 for the month! I hope that crappy old screen door didn’t upset things…I’ll find out next month (didn’t see the meters spinning any faster but…).

    Another two family property has a leaning chimney (last ten feet above roof). Was stable for years but after this past winter it is starting to separate (inches) from the upper part of the house (two story). Everyone is worried about it now. No local contractor wants to touch it (and I’m prepared to pay union scale wages). I’m thinking I can cut it off halfway up and put in a flue type thing (a local home has that setup). thing is about ’50 high.

    Anyone know a contractor that could tackle the job and not charge a fortune? I’d be a ‘helper’ and the place is fully insured. Located in Warren County, NJ.

  123. Juice Box says:

    Yeah Barbershop, there are a few around last time I went to one my haircut looked like I was getting ready for Camp Pendleton, and my boys hair was even shorter. Tomorrow is picture day at school, my kids don’t need to look like businessmen, they need to look like surfers, afterall blond hair and blue eyes is not something you see everyday anymore.

  124. Comrade Nom Deplume, who needs to stop screwing around and get back to work says:

    Google is even looking to replace our pets!

    https://www.youtube.com/watch?v=4NzcB6TMzjw

  125. NJT says:

    My son has both (BH and BE) and is 6’1 in 8th grade. No Military style cut EVER for him. Vincent the barber knows what’s cool for kids his age these days.

    Boy wants to be a master welder with an underwater specialty or, a Rock star (he’s really good with a guitar but, that’s a gamble…).

    My daughter…

  126. Fabius Maximus says:

    #115

    Not really my team but I will take them over the Reds.

    I think this is a god description of the political climate at the time and the “Party of No”

    http://www.politico.com/news/stories/0310/33812.html

  127. Libturd at home says:

    NJT

    I know a guy, but he’s pretty booked, But he’ll find someone for you cheap, good and willing to do what others won’t. Tell him Stu from GR sent you.

    http://www.angieslist.com/companylist/us/nj/sussex/bk-contracting-reviews-6200551.htm

  128. Fabius Maximus says:

    132
    god = good

  129. Comrade Nom Deplume, Future uber driver says:

    My cousin in Maryland posted this. I know folks here will appreciate it.

    “Overheard a conversation at the hairdresser today. A woman was talking about her daughter, who just finished second year of law school. Started summer job and on second day form gave her a little project due the next day. Daughter freaked out, brought it home and had her mom help her do it. Etc? And why isn’t she mortified to admit it? Parents and or lawyers, any comments?”

  130. Comrade Nom Deplume, Future uber driver says:

    My comment was unprintable

  131. Comrade Nom Deplume, Future uber driver says:

    [134] Rory Martin

    “Fabius Maximus says:
    May 20, 2015 at 8:36 pm
    132
    god = good”

    And I took you for an athe1st.

  132. D-FENS says:

    Rand Paul filibustering the renewal of the patriot act.

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