Shocking: Expectations between the dumb and the blind don’t align

From HousingWire:

Chasm developing between homeowner, appraiser opinions

Appraiser home value opinions fell further below homeowner estimates in June, marking the fifth consecutive month of this trend at the national level, according to Quicken Loans.

Appraiser opinions of home values were 1.4% lower than homeowner estimates, according to Quicken Loans’ monthly national Home Price Perception Index.

Quicken Loans’ national Home Value Index (HVI) reported a slight increase of 0.74% in June, with home values increasing in all regions of the country except for the South, which posted a decline of 0.09%. National home values are up 4.38% from the year prior.

June marks the fifth consecutive month appraisers have estimated home values below homeowner estimates. During this five-month period, the gap between homeowner and appraiser estimates has increased each month, with an average 1.4% difference in June.

“Over the last five months we’ve seen homeowners continually value their homes higher than appraisers,” said Bob Walters, Quicken Loans chief economist. “While each local market has a different story to tell, a large part of this perception gap is likely due to the normalization of home prices. After about a year of home values trending upward, it takes some time for many homeowners to realize home values are stabilizing in their neighborhoods.”

“Home prices seem to be a bit frozen for the time being – validating that we are in a market that is well into the stabilization cycle,” said Walters. “The real test for home price solidity will be when inventory increases to a level of equilibrium between supply and demand.”

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113 Responses to Shocking: Expectations between the dumb and the blind don’t align

  1. Banco Popular Trust Preferred Shares says:

    FRIST

  2. grim says:

    The media selects the candidates and they will want Bush vs. Clinton.

    Are we ready to appoint a Royal Family yet? Not sure who would be the better princess, Chelsea or Barbara/Jenna? Noelle (god help us)?

  3. Banco Popular Trust Preferred Shares says:

    I had an appointment in NNJ and drove down 287 to go back home during a hard rain in the PM rush. The traffic was so bad, I finally caved and hit the Costco in Edison……never been there before…….that was an experience…….Desi central…..but I don’t really care about that in itself …..it was the lack of social manners; third-world sensibility…..right in the middle of the Pharmacy area a guy rips off loud gas in front of about 15 people and doesn’t even flinch……and in a first for me, an able bodied middle aged woman was in an electric cart, and she suddenly throws the thing in reverse and flattens an entire stack of Cheerios to the floor and drives off as if nothing happened…..it was more funny than anything else in a WTF? kind of way……I am still laughing …it was so funny….

  4. Ragnar says:

    I think it’s great that Democrats finally are open about being social1sts.
    I think it’s terrible that our state-run propaganda camps and leading intellectuals have finally succeeded in molding a s1zeable portion of the population to believe that they are helpless victims of chance, and their salvation lies in statist red1stribution schemes rather than individual liberty and effort.

  5. grim says:

    she suddenly throws the thing in reverse and flattens an entire stack of Cheerios to the floor and drives off as if nothing happened…

    Bangalore rush hour?

  6. nwnj says:

    #3

    That’s Oblamer’s vision of a transformed America fulfilled. Throw open the floodgates to the their world and flood the place out. Soon you’ll start to see open sewers and bathing in the rivers.

  7. nwnj says:

    should say “to the third world”

  8. Juice Box says:

    The Scooter Store went under two years ago after the Feds finally cracked down on their Medicare Fraud. At one point they were spending somewhere like $180 million a year on advertising. They however were only a retailer.

    Check out this badboy scooter, when you are old and grey you could be cruzing in style picking up the chicks on the boardwalk.

    http://www.drivemedical.com/cobra-gt4-2487.html

  9. Fast Eddie says:

    June marks the fifth consecutive month appraisers have estimated home values below homeowner estimates. During this five-month period, the gap between homeowner and appraiser estimates has increased each month, with an average 1.4% difference in June.

    Except for North Jersey, of course. You know, it’s warranted because some bloated, menopausal house guide told me so.

  10. Juice Box says:

    Reality TV has gone too far.

    “A group of ordinary Australians literally came under fire during filming for the third season of the award-winning series Go Back To Where You Came From — by Islamic State militants.
    Accompanied by an SBS production team, three of the series’ soon-to-be stars travelled to war-torn Syria to witness what the UN calls “the worst refugee crisis in 25 years”.
    But as detention centre whistleblower Nicole – one of the show’s more open-minded participants – tells news.com.au, they got “a lot more than we bargained for”.
    “When we crossed the border from Iraq into Syria, I kind of thought we would maybe go to a refugee camp near the border, meet some families, but once we crossed the border we drove for like four hours and it kind of dawned on me we were going to an active war zone,” the 25-year-old said.

    ““They were way more excited and thinking like, it’s just a TV show, but I was like you’re in an active war zone you should be more respectful. I’ve seen people who have fled from here, people have died here and that’s why we’ve got Syrian people coming to Australia.”

    It was after only a few minutes that Nicole realised the IS militants had figured out where the group was based because they had started shooting.
    “Then I started realising maybe we were in something really serious,” she says.
    “We had to move because they were shooting at us … then we decided as a group – stupidly, I think – that we would go closer.
    “We got in one of their utes and drove closer to them, through an abandoned school that ISIS had been through, full of bullet holes and everything and they started firing at us again. I thought, ‘I don’t want to stay here’.
    “It wasn’t until days later I actually realised, there are people being killed here and we were there actively engaging in war with ISIS; we could have been killed.”

    “The social experiment series sees its six participants immersed in all sorts of confronting situations.”

    http://www.news.com.au/entertainment/tv/go-back-to-where-you-came-from-crew-shot-at-by-is-in-syria/story-e6frfmyi-1227444629944

  11. xolepa says:

    (3) Thank God Costco is opening later this year in Flemington, it will be a different world there. We shop at the Bridgewater location and that’s beginning to look like Shanghai central. BJs in town, albeit not as massive as other sister stores, is quite low key.

    Costco will wipe out all the local gas stations. The only one in town that wasn’t run by creeps is WAWA.

  12. Libturd at home says:

    There are various credit cards that rebate 5% and 6% the cost of gas. Why would anyone wait on line at Costco for higher priced gas of questionable quality (absent of cleaner)?

  13. xolepa says:

    It’s off 31, not 202. Only locals will go for gas there. It is not Edison. Heehee

  14. Juice Box says:

    Costco is competitive.

    http://www.newjerseygasprices.com/Costco_Gas_Stations/index.aspx

    I have seen regular gas range as much as 50 cents difference depending on where you fill up you can find it for $2.37 to around $2.87 in NJ. If you look at gas buddy APP the average is about 20 cents higher than the cheapest stations, with smartphones it is super easy to find the cheaper gas prices no need to wait in line anywhere.

  15. Libturd at home says:

    The Costco in Clifton is really bad with super Jews on Sundays. We recently watched a Jewish couple with two carts full of items that rang up to nearly $500 and a budget of $200, slowly put all of the extra stuff aside to the detriment of everyone on the line. We were next in line so we were able to see it unfold in excruciating detail. Once they left, the cashier said this happened all of the time with “them.”

  16. JJ says:

    When I booked flights with a travel agent years ago she just looked for flights that a bunch of Jews already bought tickets for as it was an easy way to find a cheap ticket

  17. FKA 2010 Buyer says:

    Seriously, what is the ROI on a $2700 political contribution? Guess this is disposable income and like setting a limit to gamble. I’m not invested in any candidate to do more than casting my vote.

    Goldman Bankers Are Jeb Bush’s Top Backers for White House
    Important people at Goldman Sachs Group Inc. want Jeb Bush to be the next U.S. president. And they’re giving him a lot of money to make it happen.
    More than 50 Goldman Sachs executives and employees gave the Republican more than $144,000 in the second quarter, with most of them sending $2,700, the maximum allowed, according to Federal Election Commission filings.
    The company that was the next-best source of money for the former Florida governor, Neuberger Berman, is run by George Walker, Bush’s second cousin. Employees at the money manager gave more than $63,000. It once was part of Lehman Brothers Holdings Inc., where Bush was an adviser.

    http://www.bloomberg.com/news/articles/2015-07-15/goldman-bankers-are-jeb-bush-s-biggest-backers-for-white-house

  18. xolepa says:

    Overall, I don’t complain about Costco. They are an asset to the community. I have ordered big ticket items ($5k+) from them and prefer dealing with them instead of the local rip-off merchants. Number one rip-off on my list: Pelican

  19. xolepa says:

    …and Costco has by far the best deals on Car rentals. Last September had to pickup car at one Florida airport and drop off at another. All rental shops averaged over $300 while Costco was just $82. Costco car renters don’t get charged extra for a spouse driver while most others now get away with that bs

  20. 1987 Condo says:

    Lib, Costco gas is advertised as Top Tier and included on that web site.
    What contra info do you have?

  21. FKA 2010 Buyer says:

    Was out on the west coast the other week and tried relay rides. Rented a sweet Land Rover Sport for a reasonable price ($40/day more) than a full size rental went for at the rental agencies. It was fairly easy, my flight landed early and the guy picked me up at the airport and I dropped him off at his friend’s place. He took his time explaining everything on the vehicle before I left. Gave him a call when I got back and he dropped me off at the airport. Overall it was a good experience.

    RelayRides Wants You To Rent Out Your Car In 2015

    RelayRides essentially turns anyone with a set of wheels into a rental service—like the Airbnb of auto-rental. Members can rent their cars for several days at the price of their choosing. Their listings (complete with photos and vehicle info) are scanned by customers who decide on a deal and book it online while RelayRides gets 25% of each transaction. Car owners manage to make a few bucks too, says CEO Andre Haddad. “On average they make around $200 per active owner per month—more than offsetting the cost of your vehicle.”

    http://www.forbes.com/sites/karstenstrauss/2014/12/17/relayrides-wants-you-to-rent-out-your-car-in-2015/

  22. Juice Box says:

    re # 19 – Just booked a car rental, Costco does not have a good discount for Car Rentals in Europe, their Avis option was not cheaper than booking myself. I was able to get a better deal booking directly with my United Discount Code on the Hertz European website. All taxes, insurance including CDW and theft with no dropoff fees or gas charges included in quote plus another 10% off rate and another 8% off using pay now and I get 500 miles. For a few extra $ at the counter I will swap Regular CDW for Super CDW and drop the collision deductible to 100 Euros from 2000 Euros and drive it like I stole it.

  23. 1987 Condo says:

    Here is Top Tier listing:

    http://www.toptiergas.com/retailers/

  24. Libturd at home says:

    Condo…never actually heard anything wrong with it, but I like to know where the gas I put in my car comes from. Have had a very rare bad experience with some of the off name branded gases who use supposedly use excess fuel from the big refiners.

  25. 1987 Condo says:

    Ok, read up on Top Tier website, that is recommended gas for BMW, Audi, etc for their “sensitive” engines. I have no idea where any gas really comes from!

  26. xolepa says:

    (21) What do the car insurers think of that? What would happen if your car insurer finds out that you are essentially giving your car to non-related parties any chance you get?

  27. Libturd at home says:

    Cool. Good to know.

    As for Costco for car rentals, I agree that they are the best. Though they do not have any special pricing. Their database simply has all of the available coupons and discount codes that Alamo and Avis (I think those are the two they work with) offer. You can take the same coupon and discount codes and book the reservation directly through the Car Rental agency, but it’s nice that Costco does the work for you.

    Also, huge tip. Always run a search for the car rental every few weeks and definitely do it a few days before your trip. On our recent June 30th through July 5th Memphis to Nashville full size Pathfinder SUV rental, it went from $320 2 months before, to $280 a month before, down to $137 two days before our trip. The Alamo agent couldn’t believe it. I told him he obviously had too much inventory and corporate was looking to get people into those cars rather than have them depreciate. He didn’t realize that it worked that way. All of the car companies offer last minute deals that knock your socks off, but you have to be lucky for it to occur in the market you are traveling to.

  28. Libturd at home says:

    Xo,

    Me thinks Relay is in for a good company shutting lawsuit. Me also thinks that I would never let a stranger abuse my car. Especially not a nice one. What an idiotic business model.

  29. Comrade Nom Deplume, Device-Hopping Today says:

    RE: Costco gas. There is one near me and I use it all the time. I’ve noticed no issues and performance seems to be good.

    There is a Costco in Moorestown/Mt. Laurel off 295. It is my go-to spot on the way to/from Massachusetts. Price for regular isn’t much lower than surrounding stations but quality better. Price for premium is significantly discounted. For my next trip, I may attach the hitch carrier, load it with gas cans, and totally p1ss off everyone in line behind me. When I get to Mass, just dump all that gas in the tank and toss the empty cans in the roof box. Until I get back to Costco on the return trip.

  30. Comrade Nom Deplume, Device-Hopping Today says:

    And libturd, I have the Costco Amex that has cash-back so I get cheaper gas and cash back. Too bad that card is going away.

  31. homeboken says:

    Lib 28 – I feel the same way and I would have guessed that I wouldn’t let a stranger abuse my home either via short-term rental agreements. But people are suckers for what they deem to be extra income via already owned assets. AirBNB prooved me quite wrong on home side of the story – I have to think that this car service is similar.

    Of course – what happens when some guy “rents” your ride, sells it for parts and then claims it was stolen. As stated above – good luck with your insurance co.

  32. grim says:

    Thats a huge liability, especially in NJ.

    If borrower is uninsured in the state and crashes the car, you are liable.

  33. Comrade Nom Deplume, Device-Hopping Today says:
  34. grim says:

    I love the fact that these services position themselves to be part of some kind of “sharing economy”, but really, are just clever ways to skirt laws, regulations, and other contracts. Sharing can’t possibly be bad, can it?

    Pretty sure your car insurer would have a very different opinion of your monthly quote if they knew you were running an illegal car rental company with it.

  35. Banco Popular Trust Preferred Shares says:

    In addition to the price, Costco is also giving you the credit card convenience with no extra charge. From what I’ve seen, the most pleasant ones to shop in around me are the Morganville/Marlboro one and the one in North Brunswick….the drawback is no liquor, but it is certainly not a killer and not the main reason I shop there anyway…..as an aside, those two locations are relatively new, so I am not sure it has an impact, but the behavior of the shoppers in more civilized…..the one is Ocean is a little sketchier….

    Juice Box says:
    July 16, 2015 at 10:37 am
    Costco is competitive.

    http://www.newjerseygasprices.com/Costco_Gas_Stations/index.aspx

    I have seen regular gas range as much as 50 cents difference depending on where you fill up you can find it for $2.37 to around $2.87 in NJ. If you look at gas buddy APP the average is about 20 cents higher than the cheapest stations, with smartphones it is super easy to find the cheaper gas prices no need to wait in line anywhere.

  36. 1987 Condo says:

    #29…same, use Costco mainly for Premium as the margin is greatest there.
    Regular differential is not often worth the lines.

  37. xolepa says:

    Nom, my 5 series is able to get to Quincy and back on 1 tank of gas. No problems there.

  38. FKA 2010 Buyer says:

    [26] Xolepa

    Relay provides some insurance to the owner of the vehicle. Personally I would never rent out my vehicle, but as a consumer it was great for me. This guy had several cars that sit in his garage so I guess he figured he could make some money that way.

  39. Juice Box says:

    the “sharing economy” will destroy the middle class.

    Clipped from another blog.

    “The “sharing” is the employee “sharing” their capital equipment (car/home), financial liability (insurance/asset depreciation), and labor (contractor, not employee) with their employer (multi-billion dollar corporations).

    You gotta think of the “sharing economy” from the perspective of people who named it – silicon valley start-up kids.

    They wanted their employees to “share” their stuff and time with them so that they could make maximum money with minimal capital and labor investment. If their employees “share” their stuff to make the “product” work, then the app developers never have to buy physical stuff – or hire real employees…

    The customers were never part of the sharing equation.

    The employees (and their stuff) are the product.

    Not too dissimilar from the proper rethink on facebook and the rest of the “social media” crew. There, the customers are advertisers. The users are the product.

    You’ll find that a lot of other social media sites that rely on moderators also operate on the “sharing economy” model. Get free labor (“sharing”) from the mods and content creators. Users are the product. Mods and content creators are the bait to capture the product. Advertisers are the customer. Give mods and content creators nothing. Give users nothing. Do nothing but pay a little server time and connect the two. Make billions.

    It’s the middle man, man.”

  40. FKA 2010 Buyer says:

    [35] Grim

    Insurance company probably would but I put that in the same category when you are looking to buy another property for rental purposes but on the mortgage application you put Primary Residence. If there are no issues, then its a sweet deal.

  41. The Great Pumpkin says:

    Thank you, sir. I know I respect you for a reason.

    Comrade Nom Deplume, Thankfully Not Greek says:
    July 16, 2015 at 9:16 am
    [132] redux

    Upon further reflection, I have decided to retract this insult.

    While I understand the distinction between a departure from conventional Or assumed party positions, and what would be characterized as a flip-flop or a change in position, and thought I was describing the former, that wasn’t readily apparent from my post. I neglected to examine and discuss whether Sanders had voted anti-gun or pro-gun in the past and without that context, it is understandable to assume that any future gun control vote on his part may be a flip-flop.

    If I’m going to insult someone, I want to make sure I’m on reasonably solid ground. In retrospect I can’t say that here. So my insult is withdrawn. For now.

  42. Anon E. Moose says:

    FKA [21];

    A pilot I know used Relay Rides to place a spare car of his at Cape May airport. He flies there regularly and had trouble getting a rental car (I’ve both rented and used taxis from there — three taxi rides one weekend cost me more than two days of rental). He said Relay Rides was great to work with. Problem was an employee of the airport businesses that was handling the keys gave the car to her boyfriend who trashed it. Like I said, it was a spare car, so he got paid a couple grand from RR’s insurance, but had to find another solution for himself and soured on the RR concept.

  43. The Great Pumpkin says:

    Damn filter. Not writing it up again. Voted bush in 2000, kerry in 2004, obama in 08, and voted green party in 12.

    joyce says:
    July 15, 2015 at 10:10 pm
    Pumpkin, who did you vote for in the primary and general in ’12/’08′/’04/ and ’00 if you were old enough?

  44. anon (the good one) says:

    “He’s a belligerent, loudmouthed racist with not an ounce of compassion for less fortunate people,” Krugman argued.
    “In other words, he’s exactly the kind of person the Republican base consists of and identifies with.”

    @Salon:
    Paul Krugman reveals the ugly truth about why Trump is so popular with the GOP base

  45. D-FENS says:

    45 – Anyone who makes Krugman angry has my vote.

  46. JJ says:

    But VRBO/AIRBnB is hard to resist for the owner

    Full time tenants mean you cant use your place at all and the rates are much lower. And places like AIRBnB actually lets you used your summer place in the summer and just rent out rooms rather than give it up.

    For instance I really am not renting my condo this summer at the beach. It costs me $1,000 a month to leave it empty between maint and property tax. A women wants it for a single week and paid me $2,000. Who am I to ruin her summer and renting a single week is not a big deal.

    Year one I closed in mid June and maint is $500 a month or $6.000 a year. I listed it for rent a week after closing and snagged three weeks in August, two weeks one couple one week another couple at 2k a week which paid my entire year maint.

    This year I screwed up I had two other people interested early in game but did not pull trigger quick enough. They actually send the credit card info in via VRBO but I did not accept. If I grabbed them I would of landed 8k for four weeks. But at time I did not know which weeks I was using.

    If I grabbed the four weeks at 8k, then had my winter tenants for their nine months it would have left me with same slightly more income than a year round tenant except I would have place for two months in summer to enjoy. And by not having a year round tenant I maintain beach passes and parking stickers in my name to use the beaches etc all summer even if rented. If rented full time I am not allowed to use beaches unless I work something out with the tenant which is akward.

    And under “roomate” law I could also get around things. I saw a few beach houses that had ground level basements where owner carved out 500 feet for them selves, usually corner houses. Even have seen two driveway houses and the side yard converted to a mini backyard.

    What is it? Not a two family as he is only renting out the house. He gets to get full rent and still use it and under roomate rule he is entitled to beach passes etc. He is not a renter.

    the sharing economy opens up a whole world of ways to own things you use and make money at the same time.

    homeboken says:
    July 16, 2015 at 11:41 am
    Lib 28 – I feel the same way and I would have guessed that I wouldn’t let a stranger abuse my home either via short-term rental agreements. But people are suckers for what they deem to be extra income via already owned assets. AirBNB prooved me quite wrong on home side of the story – I have to think that this car service is similar.

    Of course – what happens when some guy “rents” your ride, sells it for parts and then claims it was stolen. As stated above – good luck with your insurance co.

  47. Comrade Nom Deplume, Device-Hopping Today says:

    [42] pumpkin

    Just because I retracted it doesn’t mean I agree with you somehow. Merely that I meant to convey that Sanders will take positions contrary to what one expects for parochial reasons. There was one issue, I don’t remember which, when Sanders took a stance opposite the progressive position because it would drive certain employers out of the state and cost Vermont jobs. This is an example of a contrarian stance but I don’t consider it flip flopping

    On guns, Sanders has a mixed record. He has voted against most gun control legislation but voted for magazine limits and voted against reducing the three day waiting period for gun sales/background checks. Interestingly, despite what I would call a moderate stance, the NRA gave him an “F” while Slate called him a “Gun Nut”.

    Here, a true flip flop would be if he reversed himself on the votes that Slate criticized. I don’t see that happening as those votes didn’t address ownership. He has shown himself to favor restrictions on individuals and if he doubled down on those, I would not consider that to be a flip flop.

    So you are incorrect by characterizing a Sanders gun control initiative as a flip flop insofar as he would not be reversing position unless he suddenly repudiated the votes that affect manufacturers or raise sovereignty issues.

    And because this isn’t something readily apparent to most readers, I thought it improper to call you a fool for your response to it.

    That doesn’t mean you aren’t a fool, however.

  48. Comrade Nom Deplume, Device-Hopping Today says:

    [38] xol,

    I am going farther and cannot make the round trip on a single tank. Also, I have a six and blow the doors off 5 Series regularly; If I want to play, I have to pay.

  49. anon (the good one) says:

    interesting

    Ragnarian the Second Coming of Kissinger says:
    July 15, 2015 at 2:50 pm

    Blah, Blah, Blah about Iran. Look at the big picture for facts without any emotional pulls, this is tough for some.

    The pro-Israel crowd is having a seizure, but none of them will volunteer themselves, their kids, and all their relatives to sign up for a US Armed Special Forces/Special Squad to go and do the hand to hand dirty job of invading Iran. That job is left to the suck3rs that don’t know any better and sign up for economic reasons with Uncle Sam, and guess what a lot are minorities and the poor whites of the country.

    Now, it goes something like this.

    Saudi Arabia – Was and still acts like a US ally, but since the most of the 9/11 hijackers were Saudis and most of the money for AQ/ISIS comes from them. Saudis are approaching the Russians, but the Russians know better. Saudis have paid a lot of money to Pakistan for a if need be instant nuclear program and weapons. They are to be put in the neutral/trending enemy corner. At the end of the day, there is a significant view within the Saudi aristocracy that they should be at the center of a new caliphate.

    Iran- Want to rebuild the Persian Empire. We don’t like them. But now they will serve our purpose. They will check Saudi Arabia both Geo-politically and in oil production manipulations. Iran needs all the petro-dollars it can get.

    That is why we signed the deal. Are the Iranians going to cheat, likely. But the nuclear road has one big dead end, if is really ever is threaten to be used. The issue is having a regional power that can start containing the Sunni fanatics financed by the Oil Sheiks and spread by W’s Iraq Invasion, and therefore create a Sunni/Shite balance, which will allow both rival parites to bleed themselves to eventual exhaustion. All without US soldiers’ bloodshed. Drones/Robotics are different.

  50. Bystander says:

    Grim,

    Wish we could mix and match. Could look at Melania and Ivanka all day. Too bad Don is an utter buffoon but we all knew this, except anon and Paul who can’t seperate loud mouth rantings that produce ratings from legit candidates. Why discuss Trump at all? He won’t be in the race this time next year. I truly don’t care what comes out of his hole. Don’t equate the love of p*ssing off Dems with the love of Trump.

  51. Bystander says:

    Fast,

    We’re different here all right. Homeowners here have a 20% overestimate on their home value. That was my experience and their final reality.

  52. Comrade Nom Deplume, Device-Hopping Today says:

    Wow, it’s no secret that the NYT is biased, and I have no intention of voting for Cruz or buying his book so I considered the whole book thing to be a sideshow.

    But this is surprising: given the position that the Times put itself into, I expected that they would circle the wagons. Instead, they punted, but the way that they did it makes them look especially petty and duplicitous.

    http://freebeacon.com/politics/new-york-times-caves-puts-ted-cruzs-biography-on-bestsellers-list/

  53. 1987 Condo says:

    #52..I just increased my internalize home value by another 20% to compensate…whew, dodged that bullet!

  54. NJT says:

    #96 from yesterday –

    No, they do not have a any MOPS – Massive Ordinance Penetrators, nor a way to deliver them and their big tankers are old but…don’t underestimate the Israelis…I played with them back in the bad old days. And who says the subs have to stay in the Med? (yeah, long trip but it could be done…not that they could stay on station long but..).

    BTW – I’m not Israeli, Jewish or a fan boy of that country. Just sayin’.

  55. Juice Box says:

    There are a bunch of FSBOs by me that are well beyond 20% delusional.

  56. Fast Eddie says:

    Bystander,

    If and when I sell my house, I’m seriously, seriously going to come to a logical conclusion of what it would sell for and slap a 15% increase on top of it and insist I get that price with no exception. I have a scheduled visit to see a house after work today.

  57. Juice Box says:

    Cannot be done without explicit US help, subs included. Also logistically with no base near the gulf it is a long way around the horn of Africa, last time the Egyptians allowed an Israeli sub to pass thru the Suez was 2009.

  58. The Great Pumpkin says:

    Let them know!! Bernie is the man!!

    “Bernie Sanders is challenging a longstanding tradition in American politics, that major-party presidential candidates must all push for faster economic growth. In a sense, he’s inverting tradition — saying that the nation should worry first about changing the economy to direct more of its spoils to workers and less to the wealthiest Americans. I recently interviewed Sanders at length about inequality; the conversation is edited for length.

    Jim Tankersley: You’ve been talking about inequality for a long time. Why is it resonating as a national issue now?

    Bernie Sanders: The American people understand that it is grotesquely unfair – we are a society that prides itself on fairness, that prides itself on equal opportunity, and people are looking out and seeing, since the Great Recession of 2008, 99 percent of all new income going to the top 1 percent. So you’re seeing people working in my state, all over this country, two jobs, they’re working three jobs, and they’re getting nowhere in a hurry. They’re working hard. They can’t afford to send their kids to college in many instances. They can’t afford child care for their little babies. They’re worried to death about retirement.

    And meanwhile, they see incredible wealth disparities such that the top one tenth of one percent owns almost as much as the bottom 90 percent.

    The basic issue of an American society which is fair, which is providing opportunity for all, is now being replaced by the correct perception that we’re living in a rigged economy – where it doesn’t matter how hard you worked, the result will be all the income goes to the people at the very top. It’s leading to a lot of frustration and anger, and people want some fundamental changes to the way we do economics and growth.”

    http://www.washingtonpost.com/blogs/wonkblog/wp/2015/07/16/bernie-sanders-on-americas-grotesquely-unfair-society/?tid=sm_fb

  59. The Great Pumpkin says:

    60- give me one good reason why people should not agree with this!! Isn’t this what we want for our country? Work hard and be rewarded, not work hard and go nowhere. System needs to be fixed or it will self implode when everyone gives up for lack of progress from their hard work.

  60. homeboken says:

    Pump I know it has been asked and maybe I missed the answer – What do you do for a living? General industry, nothing specific. I’ll start – I work in commercial real estate.

  61. The Great Pumpkin says:

    Been waiting for someone like this. This is one happy pumpkin!!

    “Tankersley: In every presidential campaign I can remember, candidates have talked about how we need more growth. Do you think we need more growth?

    Sanders: That’s another issue. When we look at climate change and other environmental issues, growth for the sake of growth – especially when 99 percent of all new income generated by that growth goes to the top 1 percent – becomes less significant. What we need to do is create economic policies that benefit the middle class and the working families in this country. And right now that’s not happening. So, yeah, we need economic growth, but we need growth that works well for everybody, not just the people at the top.”

  62. jcer says:

    That Costco in Clifton is one of the worst places on earth, everything from the employees to the customers and especially the road access of that joint make it one of the most unpleasant shopping experiences in the area. Oh yeah no one is speaking English, employees speak spanglish/ghetto english, and the customers speak any number of languages.

  63. The Great Pumpkin says:

    Financial analyst. Also a landlord since 19 years old.

    homeboken says:
    July 16, 2015 at 2:38 pm
    Pump I know it has been asked and maybe I missed the answer – What do you do for a living? General industry, nothing specific. I’ll start – I work in commercial real estate.

  64. 1987 Condo says:

    I live in an “I” district, I am less concerned about inequality of the folks I see who barely attend HS (attending but not “present” as we say) , don’t care about studying or homework, maybe go to college for a year or two or not at all, get an equivalent job at 22-23 and then wake up at 40 upset that they are making no money.

  65. The Great Pumpkin says:

    Not focused on that. Worried about middle class. Whether it’s the 50 year old who’s job was replaced by foreign labor or imported labor, or the 25 year old who can’t find a job because they are not creating any new ones in the name of outrageous amounts of profit growth, year after year.

    1987 Condo says:
    July 16, 2015 at 2:48 pm
    I live in an “I” district, I am less concerned about inequality of the folks I see who barely attend HS (attending but not “present” as we say) , don’t care about studying or homework, maybe go to college for a year or two or not at all, get an equivalent job at 22-23 and then wake up at 40 upset that they are making no money.

  66. D-FENS says:

    Well, that explains the self loathing white guilt.

    The Great Pumpkin says:
    July 16, 2015 at 2:47 pm
    Financial analyst. Also a landlord since 19 years old.

  67. The Great Pumpkin says:

    Sanders isn’t about saving the poor. You need to understand that he is about the middle class, the same class that has been taking left and right hooks from the rich and poor since the 1970’s.

  68. D-FENS says:

    Pumps, any thoughts on Sanders rape fantasy essay?

  69. 1987 Condo says:

    #67…I think those are the same. as ChiFi (where is he?) used to say, to stay ahead you need to continually re-invent, reeducate and improve yourself. Standing still means you are falling behind.

  70. The Great Pumpkin says:

    That’s how clean this guy is as a candidate….they are digging up 43 year old essays totally misinterpreting it just to take him down. Too funny.

    D-FENS says:
    July 16, 2015 at 2:59 pm
    Pumps, any thoughts on Sanders rape fantasy essay?

  71. The Great Pumpkin says:

    It’s a fact that good jobs are disappearing. There are not enough. It’s okay to leave lazy individuals poor, but it’s wrong to keep hard working individuals down. When there are not enough good jobs, this is what happens.

    1987 Condo says:
    July 16, 2015 at 3:01 pm
    #67…I think those are the same. as ChiFi (where is he?) used to say, to stay ahead you need to continually re-invent, reeducate and improve yourself. Standing still means you are falling behind.

  72. The Great Pumpkin says:

    When only 30% of the population holds a 4 year degree, you shouldn’t have degree holders working as waiters based on that % of the population holding degrees. Doesn’t matter what your degree is in, you should be afforded an opportunity at a middle class job when only 30% of the population holds a degree. Doesn’t matter what degree, they all take a lot of dedication and discipline in order to earn them. If you survive and graduate, you should be given a chance at a decent middle class salary with benefits.

  73. D-FENS says:

    Yeah, I mean the world owes them a living right?

  74. jcer says:

    74 pumpkin, business are not in the habit of giving people a gold star just for existing. Businesses hire based on value, if you can make me $200 and I pay you $100 you get the job. Just because you have a PHD in basket weaving does not make you a good investment from a business perspective. I’m sorry educational attainment is not necessarily about getting a job it is to enrich the individual. I’ve known people who barely had high school educations who had “made it”.

  75. D-FENS says:

    Governor Christie ‏@GovChristie 30m30 minutes ago
    When I took office, NJ’s unemployment rate was nearly 10% – Today’s numbers show the unemployment rate is down to 6.1%-Our lowest since 2008

  76. D-FENS says:

    Governor Christie ‏@GovChristie 30m30 minutes ago
    We also reached a new milestone w/4,275,000 people reporting they have jobs – the highest level in state history.

  77. The Great Pumpkin says:

    74- please don’t come back with bs rhetoric like it’s easy to earn a 4 year degree. That’s four years or more of your life. That’s not easy. Loved the girls and the parties, but do not miss the stress that came with school. Very stressful. Glad I don’t have to stay up all night studying or finishing a paper. That was not fun at all.

  78. The Great Pumpkin says:

    Yes, that’s the whole problem. People want to pay someone 20 dollars an hour and make 100 per hour off them. Share in the profits for God’s sake!!

    jcer says:
    July 16, 2015 at 3:20 pm
    74 pumpkin, business are not in the habit of giving people a gold star just for existing. Businesses hire based on value, if you can make me $200 and I pay you $100 you get the job. Just because you have a PHD in basket weaving does not make you a good investment from a business perspective. I’m sorry educational attainment is not necessarily about getting a job it is to enrich the individual. I’ve known people who barely had high school educations who had “made it”.

  79. The Great Pumpkin says:

    What kind of jobs? Part time and no benefits?

    D-FENS says:
    July 16, 2015 at 3:21 pm
    Governor Christie ‏@GovChristie 30m30 minutes ago
    We also reached a new milestone w/4,275,000 people reporting they have jobs – the highest level in state history.

  80. The Great Pumpkin says:

    80- jcer- I see the profits and they are insane. They grow every year. How else do you think 99% of the growth since 2008 has gone to 1%. It has to come from somewhere. If they are earning more of the growth that means they are taking more of the growth from everyone else. You see nothing wrong with 99% of the growth(profit) going to 1% of the population? That’s criminal.

  81. grim says:

    According to the department of labor and workforce, we surpassed the 2008 employment peak..

    2008 – 4,264,000
    Jun 2015 – 4,275,800

    We actually exceeded the number last month, but only marginally. Perhaps LWD didn’t want to pop the cork too early.

  82. grim says:

    In terms of dip, last months estimate of labor force looks like an outlier on the high side, no way NJ gained 13,000 residents between April and May. Otherwise the unemployment rate would have seen a big dip last month. Looks like this month the labor force number moved in-line, along with a jobs jump, causing that huge decrease from 6.5 to 6.1.

  83. grim says:

    So if you are going to speculate that Christie is strongarming the number, the fix would have had to been in last month, and not this month.

  84. The Great Pumpkin says:

    Tankersley: How do we achieve that kind of growth?

    Keep Reading vv
    Sanders: Let me bore you for a minute with some facts.

    Tankersley: You can’t bore me – I’m an econ reporter.

    (Laughter) If the bottom 90 percent – that is a very broad definition of the middle class – had simply maintained the same share of wealth that it did in 1985, that bottom 90 percent would own $10.7 trillion more in wealth than it does today. Meanwhile, from that same period, the top one tenth of one percent has seen its wealth increase by about $8 trillion.

    So we have to very straightforwardly and unashamedly address this wealth inequality. We have come up with some tax proposals already, which begins that process – a transaction tax on Wall Street, a program that would end the ability of corporations to stash their money in the Cayman Islands. We’re working on a comprehensive bill right now on individual tax rates, which obviously in my view have got to go up.

    When we are seeing a massive redistribution of wealth since 1985 from the middle class to the top one tenth of one percent, our economic goals have got to be to redistribute that wealth back to the people who had it. How do you do that? You start, you have to create decent-paying jobs. I have introduced legislation that would spend about $1 trillion over the next five years to rebuild our crumbling infrastructure. That would create about 13 million new jobs and maintain some jobs. Clearly, we’ve got to raise the minimum wage to a living wage, which would be $15 an hour. We need pay equity for women.

    We’ve got to do what every other major country on earth does and have a medical and family leave program. We have got to have sick leave for workers. We have got to do what every other industrialized nation does and that is guarantee at least 10 days of paid vacation. We’ve got to change our trade policies, so countries aren’t shutting down here and moving abroad.

    Tankersley: Do you worry that if all you do is redistribute, you don’t fix the market mechanisms that cause inequality in the first place?

    Sanders: If you have a tax system that’s fairer than you already have, and you have a mechanism, as I have proposed, to make tuition free in colleges and universities, I think you are dealing with changing the infrastructure of the inequality that’s going on now.

  85. The Great Pumpkin says:

    Tankersley: Are you willing to accept some decline in efficiency in the labor market, by enacting more regulation?

    Sanders: By efficiency, many conservative economists mean, ‘the best way for large corporations to make excessive profits.’ So if efficiency means that they shut down the Washington Post today and move it to China, because people there are willing to work for lower wages, that’s efficient, isn’t it? Ok. Those are quote-unquote efficiencies. They’re efficient for the people who own the corporations. They’re not particularly efficient for the people who have been thrown out on the street. So if you’re talking about maximizing corporate profits, that’s not what I think the economy should be about.

    Tankersley: If we are in a ‘rigged’ economy, how did we get here?

    Sanders: For the last 40 years, there has been a massive attack by the wealthiest people in this country, by the Koch brothers, by corporate America, against the middle class. And the result of that has been they have seen a huge transfer of wealth that has gone from the middle class to the top one tenth of one percent.

    Tankersley: We’ve seen inequality widen in the wake of the Great Recession. What has gone wrong in the Obama years?

    Sanders: In many respects, the president was not strong enough on many issues. For example, he’s wrong on the trade issue, dead wrong. Also, the president made a mistake, that after his brilliant campaign of 2008, he essentially said to his most motivated supporters, thanks very much for electing me, but I’ll go from here on my own. I’ll sit down and negotiate with Boehner and Mitch McConnell and I really don’t need you anymore. Terrible mistake. Because the only way forward, to bring forth a progressive agenda, is to have the American people mobilized.

  86. Walking Bye says:

    @83 I wonder what the population growth in the state has been from 2008 to 2014? If we are just treading water with jobs and a higher pop

  87. grim says:

    Population

    2008 – 8,685,920
    2013 – 8,899,339

  88. Ragnar says:

    So today I learned that Punkin is a 33+y/o who still hasn’t been promoted from his financial analyst position, jealous of the money other people make, and instead of getting better at his work he slacks off and posts on websites drumming up enthusiasm for politicians who promise to redistribute money down.

  89. Ragnar says:

    My wife had this title for a couple years, right after school.
    http://www.parkerlynch.com/jobs/job-descriptions/Pages/financial-analyst.aspx
    Essential items for a financial analysts’ skills set
    When we seek to align our clients with financial analysts, we look for professionals with these traits:

    ◾Expert-level analytical and financial modeling skills (No)
    ◾Strategic thinking (no)
    ◾Great presentation skills (no)
    ◾Ability to influence and persuade (no)
    ◾Knowledge of ERP systems and related technologies ?
    ◾Strong understanding of Sarbanes-Oxley ?
    ◾Excellent time management and organizational ability ?
    ◾Ability to multitask and meet constant deadlines ? multitasking on njrereport.
    ◾Willingness to work long hours, when necessary ? He does post late into the night.

  90. Juice Box says:

    Rags – now we really don’t want him jumping off the Great Falls in Paterson.

  91. Juice Box says:

    re: #90 – not counting the 750k guest workers….

  92. grim says:

    What’s this I hear about H1B spouses now permitted to get jobs? WTF?

  93. grim says:

    That’s like a twofer kick in the balls for the middle class.

  94. NJT says:

    #59 [JB]

    Expect the unexpected, especially from them.

    Oh, yeah, they’ll never be another ‘Nickel Grass’ (yous can look it up) again. No doubt about that, now.

    Think back to WWII and the Perl Harbor attack or the IJN raid on Ceylon. Logistically they were near impossible but Yamamoto (and his planners) make them happen. Of course he could not have hung around either place long but did get the job (almost) done and drove home a point.

    Yeah, yeah, I know, strategy is for amateurs logistics is for professionals but
    NEVER underestimate anyone (a few tenants taught me that, AGAIN).

    Don’t forget the IAF also has a small but very good fleet of nuclear tipped ICBMs that are subject to no treaties or inspectors. Heck, nobody even wants to talk about it, publicly.

  95. NJT says:

    #95 [Grim]

    Yup. American IT is dead.

  96. Comrade Nom Deplume, the Answer says:

    “The alleged gunman in Thursday’s shootings in Chattanooga, Tennessee, was Muhammad Youssef Abdulazeez, according to two sources briefed on the case. He was born in 1990, a law enforcement official said.”

    Which explains why anon is still looking for a tweet that blames it on George Bush. I’ve no doubt he’ll find one. I remember some libtards blaming Bush for Katrina. As in the actual hurricane–they said it was his fault that there was a storm.

  97. Comrade Nom Deplume, the Answer says:

    [87] punkin,

    Trade is everything. I’ve been saying for years that the only way Obamanomics succeeds is if he seals the borders.

    In hindsight, this isn’t strictly true. The only way he truly succeeds, and the only way Comrade Sanders will succeed, is to seal the borders to inbound trade while maximizing outbound trade. There is a LOT he can do to europeanize our economy, but the problem with that is that you end up like Europe. Only worse.

    It was easy to do when ours was the only functioning modern economy. A lot harder now.

    Personally, I hope he gets the dem nod. I will make a lot of money off of the strife to follow.

  98. Juice Box says:

    Even better Grim H1B’s have grandma here to watch the kids so they can both work. Who needs to spend on daycare when you have an indentured servant here illegally?

  99. NJT says:

    #95

    Don’t fight the tide, surf it. Hey, they’ll all need a place to live. They may be my next target tenant niche market. Gotta find a sheetrock expert (I’m good but not fast) before renting to them (the smell of curry is….difficult to remove completely) again, though. But then, the only reason I’d want to sell is if I wanted to sell the place to another type of people.

    Slogan: Curry is OK but CASH only and ON TIME or you’re OUT.

  100. jcer says:

    101 the H1B thing is such a sham, the least qualified get visas because they’ll work for peanuts while the qualified are forced to wait….

  101. jcer says:

    95, I knew a guy who was making bank renting to H1B, L1 visa people in Journal square, he had apartments where he put up walls to make very crummy 4 bedroom apartments that he would rent by the room directly in India. He was getting like 4k a month for 1000 sqft apartments.

  102. The Great Pumpkin says:

    Qt ended yesterday, I really have nothing to do unless someone f’ed up the numbers. I’m comfortable with my position as is my wife. She is in the same field. No, we are not millionaires, but we don’t worry about money. By the time we are 60, we won’t know what to do with it. Both make 6 figures, rental income, and investment income. Kiss my ass, my life is fine. Why do I want to go to manager or vp position? Why do I want the stress? I don’t have a sit at home wife. I married a professional. We already bank money. Have a home that we will live in till retirement. Trust me, I have no reason to not be happy with my current family income. I can easily bank 50,000 a year while not holding back in spending . For me that’s good enough, how much do I really need?

    Ragnar says:
    July 16, 2015 at 4:29 pm
    So today I learned that Punkin is a 33+y/o who still hasn’t been promoted from his financial analyst position, jealous of the money other people make, and instead of getting better at his work he slacks off and posts on websites drumming up enthusiasm for politicians who promise to redistribute money down.

  103. NJT says:

    #105 [Pumpkinhead]

    Keep dreamin’ Goomba, you havn’t seen shit.

  104. The Great Pumpkin says:

    106- Lost me. Dreaming?

  105. Ragnar says:

    Grim,
    Why shouldn’t an h1b be made available for anyone interested in working a self-supporting job in the US? Poductive people is what makes an economy grow. More competition, but more productive jobs to compete for as well, in a growing economy. Better they work in the US than companies deciding to locate more production and services overseas. NYC is chock full of expat labor, and it’s economy is better for it. It’s already a global economy, adding foreign labor to the US will allow more to happen in the US.

  106. The Great Pumpkin says:

    Self-supporting job? You can’t compete with these people and their living standards. Competition means lowering your living standards? You are sick!

    Ragnar says:
    July 16, 2015 at 8:11 pm
    Grim,
    Why shouldn’t an h1b be made available for anyone interested in working a self-supporting job in the US? Poductive people is what makes an economy grow. More competition, but more productive jobs to compete for as well, in a growing economy. Better they work in the US than companies deciding to locate more production and services overseas. NYC is chock full of expat labor, and it’s economy is better for it. It’s already a global economy, adding foreign labor to the US will allow more to happen in the US.

  107. Grim says:

    No problem, but let’s open h1b to all jobs. I don’t take offense to the program, only its politically driven misuse.

  108. Toxic Crayons says:

    Convenience store robbery.

    https://m.youtube.com/watch?v=oOXZBu-otJ4

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