Scratchin’ and Surviving, Good Times!

From the Record:

N.J. home sales activity at highest level since 2005

The number of home sales in New Jersey is up 17 percent from last year and is on track to hit the highest level since the housing-boom days of 2005, an East Brunswick real estate expert said Wednesday.

But home prices haven’t been pulled upward as fast, rising about 3 percent this year, according to Jeffrey Otteau, an appraiser and consultant whose forecasts are followed by many in the real estate industry. Prices remain about 16 percent below their peaks in mid-2006, leaving many homeowners owing more on their mortgages than their properties are worth.

“Housing prices aren’t higher because incomes aren’t higher,” Otteau told about 100 real estate agents at a seminar in Hasbrouck Heights.

Otteau predicted that home prices will increase about 4 percent next year, as sales activity remains strong. Low mortgage rates, an improving employment market and pent-up demand are increasing the buyer pool, he said.

“Young people who have been stuck in rental housing for a while are beginning to make the move into home-buying,” Otteau said.

Because of New York City’s strong job recovery, demand for housing is strongest in areas closest to the city, especially in towns with commuter train lines. Bergen and Passaic counties, for example, both have less than a six-month supply of housing inventory for sale, a level that generally points to rising prices as buyers compete for properties. Several of the most in-demand towns in the state are in Bergen County, including Lyndhurst, Glen Rock, Waldwick and Ridgewood, Otteau said.

This entry was posted in Demographics, Economics, Employment, New Jersey Real Estate. Bookmark the permalink.

85 Responses to Scratchin’ and Surviving, Good Times!

  1. grim says:

    Hold on, everyone who filed retroactive is OK, and this will continue to be available for the next 6 months?

    How the F* does this make sense? It will cause an epic pile on.

  2. grim says:

    So basically, retiring boomers are rolled out the red carpet to access the loophole. Not only that, but they’ve now made it perfectly clear to everyone that it’s a glaring loophole to be abused.

    And the rest of us get screwed.

    Nice.

    Please, rename them to the locust generation.

  3. Jeff Otteau admits housing prices correlate to buyers’ incomes.

    Things must be really, really bad.

  4. anon (the good one) says:

    no surprised considering that the retiring boomer is an angry, racist, right winger old fart who never misses an election

  5. nwnj says:

    Anon you seem pretty angry yourself.

  6. Essex says:

    He’s not wrong. Most people veer toward conservativism as they age.

  7. Essex says:

    Unless they’re on welfare. 😬

  8. nwnj says:

    BTW, Trump lost me last night. He did an about-face on the H1B issue and basically wants to throw the flood gate open.

    He’s nowhere near the Hillary range in untrustworthiness but he’ll say anything.

  9. The Great Pumpkin says:

    Insanity! Then you have losers like Rubio in the debate yesterday advocating for helping the locust generation. He claims that he is willing to “sacrifice”(says the guy making millions off books) to help his mother’s generation. So he wants to cut the benefits off for everyone else, except his mother’s generation, since according to him, they have done so much for America. Another winner running for president.

    grim says:
    October 29, 2015 at 7:37 am
    So basically, retiring boomers are rolled out the red carpet to access the loophole. Not only that, but they’ve now made it perfectly clear to everyone that it’s a glaring loophole to be abused.

    And the rest of us get screwed.

    Nice.

    Please, rename them to the locust generation.

  10. The Great Pumpkin says:

    Yes, why do you think conservative talking points revolve around things old people with money want to hear?

    Essex says:
    October 29, 2015 at 8:12 am
    He’s not wrong. Most people veer toward conservativism as they age.

  11. nwnj3 says:

    Rubio was basically outed last night for being broke and for sale to the highest bidder. Again nowhere near the level of graft of the Clinton global slush fund but he can’t be trusted.

  12. The Great Pumpkin says:

    Telling you, we need Bernie. Trump will flip flop and do what’s best for himself. Bernie will really shake things up. The first step in trying to fix this country is what no candidate except Bernie is focused on. He wants to lower the corruption (impossible to eliminate, but not impossible to lower) that is eating this country alive. If you start to fix the corruption, only then can you start to fix the other problems. Bernie is the only one who will do this and get this country back on the path it was on. Where it wasn’t about having a large wealthy class, but a country of middle class owning businesses and working jobs where they could provide a good living, but not live paycheck to paycheck. Only way to get there is to first lower the corruption and control of money in washington. Bernie is the man for this job. Vote smart, vote vote the candidate that will work for your interests as opposed to the money interests.

    nwnj says:
    October 29, 2015 at 8:20 am
    BTW, Trump lost me last night. He did an about-face on the H1B issue and basically wants to throw the flood gate open.

    He’s nowhere near the Hillary range in untrustworthiness but he’ll say anything.

  13. The Great Pumpkin says:

    Btw, China just nixed the one child policy.

  14. nwnj3 says:

    There isn’t a chance in hell that I’d vote for a soci@list. As a matter of fact all Sanders supporters should stay clear of my domicile, they won’t be treated very kindly.

  15. Comrade Nom Deplume, living well off the carrion of the left says:

    [13] pumps

    Bernie would be a lame duck the moment his hand touches the bible (or Torah or Little Red Book). He won’t be able to get a proclamation through Congress let alone legislation.

  16. Comrade Nom Deplume, living well off the carrion of the left says:

    [15] nwnj

    I will be voting Bernie. I am encouraging everyone I can to cross lines and vote Bernie.

  17. leftwing says:

    anon (the good one) says:
    no surprised considering that the retiring boomer is an angry, racist, right winger old fart who never misses an election

    Thought you guys were the peace, love, and Woodstock generation.

    Oh, that’s right, you were. Communal well being without asking who was making it happen. Now realizing that the communal jar is empty and out for your own, as aggressively as any junior analyst on Wall Street.

    But, yeah, anything bad is the fault of racist right wingers lol.

    Truthfully, bitter dried up leftists would be so much more fun if you guys could just find an ironic sense of humor.

  18. Comrade Nom Deplume, living well off the carrion of the left says:

    Pfizer allegedly talking to Allergan about an inversion. Experts now saying pace of deals back after hiatus due to Treasury saber rattling.

    Add it to the SS reform news and that’s two more canaries dead in the mineshaft.

  19. leftwing says:

    Pfizer-Allergan confirmed in merger talks. An all stock deal can squeak through the prohibition on inversions recently enacted creating an Irish based and domiciled merged company.

    Hmmmm, a couple more liberal tenets tested….you mean legislating something out of existence does not make it cease? Tax rates actually do matter? Capital does move to where it is treated best?

    Always a sign of a healthy government when it needs to erect walls to try keep its citizens against their will. Ask the East Germans, worked well there. Nice job, ‘Bammer.

  20. Comrade Nom Deplume, living well off the carrion of the left says:

    [18] left wing

    “Truthfully, bitter dried up leftists would be so much more fun if you guys could just find an ironic sense of humor”

    Isn’t that what Maher, Stewart and Oliver were for?

  21. leftwing says:

    When the last Fortune 500 bolts these shores for greener pastures will someone please turn out the lights?

  22. No big deal. We’ve been a soci@list country since FDR.

    The real problem is that c@pital doesn’t care about political or soci@l systems. It goes where it is treated well, and it flees places where it is not.

    Guess which camp we’re in.

  23. FKA 2010 Buyer says:

    Wow I did not know people are still recovering from Sandy. And he is correct, this is New Jersey!!!!

    Sweeney: Now isn’t time for Christie to take ‘victory lap’ on Sandy recovery

    You have to look at things as if it was you, if it was me, if it was my house. How would you feel about your government failing you the way they failed these people?” Sweeney said. “This is the United States of America. This is New Jersey. It’s a very forward thinking state that did a piss poor job. That’s all I can tell you.”

    http://www.nj.com/politics/index.ssf/2015/10/sweeney_christie_administration_did_a_piss_poor_jo.html

  24. grim says:

    22 – The lights won’t turn off, but we will be forced to pay for them with more taxes.

    When real discussions begin about shifting from income to consumption taxes, we’ll know the coffin nails are set and ready to be driven.

  25. The Great Pumpkin says:

    If you won’t vote for a social!st, you shouldn’t take social security, walk in a national park, or have your kids attend a public school. Def do not use any of the public roads or call 911 if you need help.

    I’m just making a point that social!sm isn’t some evil thing out to take your money. If some of these programs weren’t soc!alized, you know damn well you would be getting taken advantage of like we are with healthcare. If the govt took over the healthcare system and created a single payer, you better believe it would be better than the current system we use. Just imagine what would happen to roads or schools if they were privatized, it would be worse than the healthcare fiasco we are currently experiencing.

    What’s worse, corruption or a social!st? You are so scared of the word that you would take corruption over a social!st. Now you know why our country is so messed up. People that are afraid of social!sm are puppets. All you have to do as a politician is yell that the other guy is a social!st and you win an election in America. Boy are we dumb. Why are you so afraid of a little social!sm? It’s not like you haven’t been living with it your whole life. Humans achieve more as a team, then they do individually. Wish some people realized this.

    nwnj3 says:
    October 29, 2015 at 8:43 am
    There isn’t a chance in hell that I’d vote for a soci@list. As a matter of fact all Sanders supporters should stay clear of my domicile, they won’t be treated very kindly.

  26. The Great Pumpkin says:

    If you won’t vote for a social!st, you shouldn’t take soc!al security, walk in a national park, or have your kids attend a public school. Def do not use any of the public roads or call 911 if you need help.

    I’m just making a point that social!sm isn’t some evil thing out to take your money. If some of these programs weren’t soc!alized, you know damn well you would be getting taken advantage of like we are with healthcare. If the govt took over the healthcare system and created a single payer, you better believe it would be better than the current system we use. Just imagine what would happen to roads or schools if they were privatized, it would be worse than the healthcare fiasco we are currently experiencing.

    What’s worse, corruption or a social!st? You are so scared of the word that you would take corruption over a social!st. Now you know why our country is so messed up. People that are afraid of social!sm are puppets. All you have to do as a politician is yell that the other guy is a social!st and you win an election in America. Boy are we dumb. Why are you so afraid of a little social!sm? It’s not like you haven’t been living with it your whole life. Humans achieve more as a team, then they do individually. Wish some people realized this.

    nwnj3 says:
    October 29, 2015 at 8:43 am
    There isn’t a chance in hell that I’d vote for a soci@list. As a matter of fact all Sanders supporters should stay clear of my domicile, they won’t be treated very kindly.

  27. Ragnar says:

    Here’s a free book to help educate you Pumpkin.
    https://mises.org/library/bureaucracy
    Bureaucracy by Ludwig von Mises


    The champions of soci@lism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement. They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent. They promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office. Every man but one a subordinate clerk in a bureau. What an alluring utopia! What a noble cause to fight!

    Mises explains that the core choice we face is between rational economic organization by market prices or the arbitrary dictates of government bureaucrats. There is no third way. And here he explains how it is that bureaucracies can’t manage anything well or with an eye for economics at all. It is a devastating and fundamental criticism he makes, an extension of his critique of soci@lism. It has never been answered.

    Written long before Public Choice economists began to take up the subject, Mises describes bureaucracies as both self-interested and economically irrational (thereby improving on the modern Public Choice critique). There is no reinventing government: if we are to have government do things for us, bureaucracies, which cannot behave efficiently, will have to do the work. This small book has grown in stature as Western economies have become more and more bureaucratized.”

  28. Comrade Nom Deplume, the anon-tidote says:

    [22] left

    Years ago, the UK found itself in a similar predicament. Companies were bolting the UK for Ireland to lower their taxes.

    The UK did something to deal with it and it effectively ended the disapora. In fact, the UK reversed the trend and now the UK is a destination for expatriating corporations.

    Any guesses as to what they did?

  29. 1987 Condo says:

    Pick answer:

    1. Raised Taxes
    2. Lowered Taxes
    3. complained that the colonies were unpatriotic

  30. nwnj3 says:

    Soci@lism is the subjugation of the individual by the state. You think I’m going to defer all my life decisions a consensus formed by the likes of bumpkin and anon? It will be a cold, cold day in hell before I consent.

  31. leftwing says:

    Cut taxes and regulation?

  32. leftwing says:

    hahaha, 87 wins with the response in 30

  33. D-FENS says:

    National Soc1alist German Workers’ Party was as bad as it gets. A lot of people who lived (and died) in Europe in the 1930’s and 1940’s probably could tell you social1sm is in fact quite evil….

  34. The Great Pumpkin says:

    Get rid of the govt, and how will the private bureaucracy that will entail be any different? We are not a species based on individualism. Never were, never will be. We are a social species. We get more when we work together.

    Take away the govt and who will govern society? We can look to Somalia as an example of no govt. Warlords take over. I rather have to share things and be able to vote for my president than have to deal with a warlord, which is exactly what will happen with no govt or a small govt with little power.

    “Written long before Public Choice economists began to take up the subject, Mises describes bureaucracies as both self-interested and economically irrational (thereby improving on the modern Public Choice critique). There is no reinventing government: if we are to have government do things for us, bureaucracies, which cannot behave efficiently, will have to do the work. This small book has grown in stature as Western economies have become more and more bureaucratized.””

  35. leftwing says:

    34. Had a knock down drag out with a Government TA in my junior year at his strong ‘offense’ of me tying the leader of that party to soc1alism. How dare I?

    Soc1alism was pure, the leader was a tyrant, and as we all know tyrants only originate on the right.

    Had to show him the translation of NSDAP.

  36. D-FENS says:

    35 – No one wants to get rid of the Government. We just want them to do the job outlined in the constitution.

    Too late though…go out and celebrate. No one seems to know this or understand it. I wonder if people were even taught this in “public” schools. Clearly you were not taught it or were not listening that day.

  37. The Great Pumpkin says:

    35- There are people out there obsessed with power. They will get it, but a strong govt limits their power. With a weak govt, a coup ensues and now you are stuck with a dictator. I wish we could have total freedom, but thanks to some sociopaths out there, we can never have total freedom. Total freedom to do whatever you want is a dream. A world with no laws becomes chaos real fast. So we must give up some freedom in the name of our own safety.

  38. D-FENS says:

    Michael, Hillary Clinton will be the Democratic nominee. You are wasting your energy on Bernie Sanders.

    He just exists to attract people like you to the Democratic party, then will ask you to swing your support to her.

  39. The Great Pumpkin says:

    That was facist state run by a dictatorship.

    D-FENS says:
    October 29, 2015 at 11:12 am
    National Soc1alist German Workers’ Party was as bad as it gets. A lot of people who lived (and died) in Europe in the 1930′s and 1940′s probably could tell you social1sm is in fact quite evil….

  40. D-FENS says:

    Michael, we agree on something…have a strong government. Now let’s just have it focus on the right things. Taking money away from one group and giving it away for free does not make a government “strong”.

  41. D-FENS says:

    The National Soc1alist German Workers’ Party came to power when Germany was a “Democracy” in the 1930’s.

    The Great Pumpkin says:
    October 29, 2015 at 11:29 am
    That was facist state run by a dictatorship.

    D-FENS says:
    October 29, 2015 at 11:12 am
    National Soc1alist German Workers’ Party was as bad as it gets. A lot of people who lived (and died) in Europe in the 1930′s and 1940′s probably could tell you social1sm is in fact quite evil…

  42. yome says:

    I hope the right keeps this motto
    “No more favors for the few. Opportunities for all. That is our motto,” Ryan said.

  43. leftwing says:

    “That was facist state run by a dictatorship”

    Based on soc1alist principles.

    Points 10 through 21 of the Party platform reproduced below. Look familiar Punkin?

    The activity of individuals is not to counteract the interests of the universality, but must have its result within the framework of the whole for the benefit of all. Consequently we demand:

    Abolition of unearned (work and labour) incomes. Breaking of debt (interest)-slavery.

    We demand the nationalisation of all (previous) associated industries (trusts).

    We demand a division of profits of all heavy industries.

    We demand an expansion on a large scale of old age welfare.

    We demand the creation of a healthy middle class and its conservation, immediate communalization of the great warehouses and their being leased at low cost to small firms, the utmost consideration of all small firms in contracts with the State, county or municipality.

    We demand a land reform suitable to our needs, provision of a law for the free expropriation of land for the purposes of public utility, abolition of taxes on land and prevention of all speculation in land.

    We demand struggle without consideration against those whose activity is injurious to the general interest. Common national criminals, usurers, profiteers and so forth are to be punished with death, without consideration of confession or race.

    The state is to be responsible for a fundamental reconstruction of our whole national education program, to enable every capable and industrious German to obtain higher education and subsequently introduction into leading positions.

    The State is to care for the elevating national health by protecting the mother and child, by outlawing child-labor, by the encouragement of physical fitness, by means of the legal establishment of a gymnastic and sport obligation, by the utmost support of all organizations concerned with the physical instruction of the young.

  44. anon (the good one) says:

    is this parody?

    @AP: The Latest:
    Paul Ryan says the House ‘is broken,’ can be fixed, asks colleagues to pray for each other

  45. Soci@lize losses, privatize profits.

    Been that way in the US for a long time.

    It was codified in 2008, and now it is accepted necronomic policy.

    It will only be reversed by bloody, grinding revolution.

    It will happen. Maybe not in our lifetimes, but some generation will inherit the brunt of our onerous, upayable debt and decide ‘basta’ in unison.

    Straight to the moon, Alice.

  46. anon (the good one) says:

    are these clowns for real?

    @Salon:
    Pataki: “The problem with the GOP is we question science everyone accepts”

  47. anon (the good one) says:

    meanwhile on planet earth

    @business:
    The retirement savings of the top 100 CEOs are equal to the savings of 41% of U.S. families

  48. Many, many people benefit from- and derive a livelihood from- our current theft-by-fiat necronomic and political systems. They will not willingly give up these benefits. We have a rogue, illegal bank currently suppressing the price of money to the benefit of a whole range of financial criminals who are lauded as ‘successes’.

    Currently, close to 50% of all Americans benefit from some form of gubmint transfer payments.

    Does anyone think that either the entitlement classes or financial criminals will give up their disproportionate benefits unless they’re staring down the barrel of a gun?

  49. leftwing says:

    “anon (the good one) says:
    @business:
    The retirement savings of the top 100 CEOs are equal to the savings of 41% of U.S. families”

    Dead weight of the 41% around my neck better step it up.

  50. A Home Buyer says:

    38 – Troll,

    What ambiguous verbal garbage are you spewing? And what straw arguments are you spinning? Define “Strong” and who has EVER on this board claimed for complete freedom (Anarchy).

    A well-defined and transparent government with structural limitations enforced and believed in by the people it represents limits corruption throughout the system.

  51. leftwing says:

    “We have a rogue, illegal bank currently suppressing the price of money to the benefit of a whole range of financial criminals who are lauded as ‘successes’.”

    You give them too much credit. They aren’t that smart. They simply drove the car off the cliff and haven’t yet looked down to realize they are not flying.

    A handful get what happened and what is occurring now. Talk to some of these guys. You can see the fear in their eyes. Not of a gun barrel, but of the knowledge that the house of cards will inevitably come down.

  52. Dear Millennials (Suckers- my edit),

    Early this summer I wrote my first letter to your cohort, specifically to those of you who were in a position to buy a home this year. That’s about 2% of you—and in many economic respects, you are the lucky ones.

    This letter goes out to those of you who are not so lucky. Not yet, anyway.

    I had the honor of speaking to a bunch of you at George Washington University with HUD Secretary Julián Castro on Monday at a town-hall event where we heard from you about your concerns and worries about housing (via social media, natch).

    Your generation, born between 1981 and 2000, is our country’s largest and holds the most potential. I voraciously read every study and survey about you (related to housing, that is), and they all say the same thing: You believe in homeownership and its role in building wealth for the middle class.

    But.

    Right now you are having a hard time seeing a path to get there any time soon, because you face several economic challenges.

    Smart leaders such as Castro are focused on you and resolving those challenges. But here’s what you can do.

    You are worried about your debt, especially student loan debt

    Debt messes up your home-buying prospects in lots of ways.

    Your debt payments factor into your debt-to-income ratio. In order to get a qualified mortgage, you need a DTI of no more than 43%, so a very large student loan balance could disqualify you right off the bat.

    Ideally, you need to limit your total debt payments for student loans, credit cards, and auto loans to less than 15% of your income. More than that will limit your options and your ability to qualify.

    I know that’s a little hard to pull off now that you’ve already racked up all that student loan debt. Use that youthful energy and press our elected leaders to help you find ways to lower those payments. Lower rates could make a huge difference in your monthly payments.

    Your debt burden also puts a limit on the amount of mortgage debt that you can handle. Your peers who have successfully qualified for a mortgage this year were able to manage their debts—the average DTI for millennials is 36%. You do this by avoiding new debts and choosing more affordable homes.

    You are worried about your credit score

    The average FICO score for a millennial with a mortgage this year is 714. The average FICO for all Americans is 695. The average FICO for a millennial with an FHA mortgage is 682. That’s just what it takes these days.

    The old-fashioned methods of calculating a credit score don’t work in your favor, as they favor a lengthy credit history (which you often don’t have) and ignore payments you’ve responsibly made each month for rent, cellphone bills, and utilities. We can’t change the system overnight, so work to get your traditional credit score as high as you can.

    A score of 750 will bring you the best rates. Less than 650 will dramatically lower your odds of getting approved and will also saddle you with a higher interest rate, which makes your payment and your DTI higher.

    You have no savings for a down payment

    For those who already have a good credit score and can qualify for a mortgage, the top impediment becomes that big down payment. But here’s a reality check: You don’t need to put 20% down.

    While 20% is ideal—it will get you the best rate, a much lower payment from a lower rate, no mortgage insurance, and the highest odds of getting approved—20% of a home is a lot of money. When I bought my first home 20 years ago, I could put only 10% down.

    The average millennial this year could put only 7% down, but at least they could get a home with that. Shoot for 10%, as that level will get you a better mortgage rate. But keep in mind that you can do as little as 3% on a conforming mortgage and even 0% if you are a veteran. Also, look into the availability of local down-payment assistance programs.

    No matter what, you need to be saving as much as you can. You need a down payment, but you also need an emergency fund to keep any surprises from wrecking your credit.

    You are angry and worried about ever-increasing rents

    Rents are already high. The majority of renters in the U.S. now have to spend more than 30% of their income to rent a typical home, and that means they’re starting to sacrifice spending in other areas such as food and health care. Needless to say, this scenario doesn’t help you save—and you’re not building a credit history, either.

    But with a shortage of new housing units in the works, the situation will only get worse. How can you deal? Likely in the way you already are. Double up or triple up. Settle for a smaller place. Spend a season with Mom and Dad. Or, vote with your feet and consider areas that are affordable.

    Finally, I’d like to close this letter with a response to Kylie Roe-Harrison, who wrote this on our Facebook page: “The world around us is not ready to believe in mature young adults.”

    Kylie, the world may seem to be against you because of the challenges I discussed above, but I and leaders like Secretary Castro get how important you are. And beyond your importance, we do care about your success. Therefore, your challenges are our challenges.

    Jonathan Smoke (and Mirrors- my edit)
    Chief Necronomist
    Realtor.com

  53. Oil up the sausage grinder, Alice. We’re gonna have another go at it!

  54. D-FENS says:

    Dude is a fear monger. We could do without this krap.

    @PolitiFact: Sean Hannity responds to our fact-check about refugees coming to the U.S. https://t.co/MR8lSKeNb0 https://t.co/w3TshB2jCI

  55. Libtard in Raritan Center at color seminar says:

    The whole republican debate is fear mongering. The Dems don’t need to employ this tactic. Just considering that wrinkled, bought, cheated on, lier, as our potential POTUS is fear enough.

  56. Ragnarian "Kissinger" The Magnificent says:

    To all ideological righties/capital goes where is taken care of/let the 0.01% be the rulers, I think an interesting historical inflection point is about to debut.

    You posit the theory that low taxes are the key, without mentioning that is the lesser issue to consider, when compared to clean, open and honest legal and political system.

    The issue at hand is China’s rambling about the next time the US Navy puts a ship in those new islands that they created in the middle of the sea. You know the US Navy is going to thru it again, so expect a hot incident; which will start the recognition and realignment politically and economically that China is a threat.

    So all those big corporations trying to get away from “taxes” will soon find out that “taxes” are the lesser evil vs other government proclivities to shear steal it from them.

  57. yome says:

    #57
    I like China better when they were poor and all they can do is make empty threats. We created their wealth now we have to pay for unintended consequences just like freeing the middle east from the dictators.

  58. Ragnar says:

    57,
    Nice straw man you’ve created of what other people think. Doesn’t resemble mine.
    But go ahead and f*ck your own straw man in the a$$.

    Companies have long been finding out that China’s communist government doesn’t follow the rule of law, and is arbitrary in its governance. US companies mostly invest there to access the Chinese market these days, not mostly to export to the US. No sympathy from me when they find out that hooking up with commies carry risks.

  59. Fast Eddie says:

    Several of the most in-demand towns in the state are in Bergen County, including Lyndhurst, Glen Rock, Waldwick and Ridgewood, Otteau said.

    Does this mean I’m prestigious now?

  60. The Great Pumpkin says:

    What kind of govt do you think people like rags support? No govt, or if there is a govt, its sole purpose limited to defending the country with a socialized military. Everything else the govt does, he wants eliminated and given to the private market where it will be controlled by the elite. He believes the elite will do a better job than someone working for the govt could ever do. This is what extreme conservatives all believe. They want to eliminate all aspects of the govt except the military, police, and judicial system.

    A Home Buyer says:
    October 29, 2015 at 11:59 am
    38 – Troll,

    What ambiguous verbal garbage are you spewing? And what straw arguments are you spinning? Define “Strong” and who has EVER on this board claimed for complete freedom (Anarchy).

    A well-defined and transparent government with structural limitations enforced and believed in by the people it represents limits corruption throughout the system.

  61. Alex says:

    Pumpty,

    For the sake of debate, let’s suppose that you really are paying 30k in property taxes. What percent of that is designated for the library?

  62. The Great Pumpkin says:

    It’s called propaganda and strategy. I doubt Bernie is about this type of social!sm, but go ahead and associate Bernie with it. What garbage. Hitler did the same thing as Lenin and Stalin did, said one thing, but did the other. Please don’t associate Hitler and the Nazi party with the social!sm Bernie speaks about. You are fear mongering.

    leftwing says:
    October 29, 2015 at 11:49 am
    “That was facist state run by a dictatorship”

    Based on soc1alist principles.

    Points 10 through 21 of the Party platform reproduced below. Look familiar Punkin?

    The activity of individuals is not to counteract the interests of the universality, but must have its result within the framework of the whole for the benefit of all. Consequently we demand:

    Abolition of unearned (work and labour) incomes. Breaking of debt (interest)-slavery.

    We demand the nationalisation of all (previous) associated industries (trusts).

    We demand a division of profits of all heavy industries.

    We demand an expansion on a large scale of old age welfare.

    We demand the creation of a healthy middle class and its conservation, immediate communalization of the great warehouses and their being leased at low cost to small firms, the utmost consideration of all small firms in contracts with the State, county or municipality.

    We demand a land reform suitable to our needs, provision of a law for the free expropriation of land for the purposes of public utility, abolition of taxes on land and prevention of all speculation in land.

    We demand struggle without consideration against those whose activity is injurious to the general interest. Common national criminals, usurers, profiteers and so forth are to be punished with death, without consideration of confession or race.

    The state is to be responsible for a fundamental reconstruction of our whole national education program, to enable every capable and industrious German to obtain higher education and subsequently introduction into leading positions.

    The State is to care for the elevating national health by protecting the mother and child, by outlawing child-labor, by the encouragement of physical fitness, by means of the legal establishment of a gymnastic and sport obligation, by the utmost support of all organizations concerned with the physical instruction of the young.

  63. The Great Pumpkin says:

    Really good post. You might hate me, but that won’t stop me from paying you a compliment.

    Splat What Was He Thinking says:
    October 29, 2015 at 11:54 am
    Many, many people benefit from- and derive a livelihood from- our current theft-by-fiat necronomic and political systems. They will not willingly give up these benefits. We have a rogue, illegal bank currently suppressing the price of money to the benefit of a whole range of financial criminals who are lauded as ‘successes’.

    Currently, close to 50% of all Americans benefit from some form of gubmint transfer payments.

    Does anyone think that either the entitlement classes or financial criminals will give up their disproportionate benefits unless they’re staring down the barrel of a gun?

  64. The Great Pumpkin says:

    Why would I lie? I have no reason to. I have to look it up, it’s in two different towns.

    Alex says:
    October 29, 2015 at 2:06 pm
    Pumpty,

    For the sake of debate, let’s suppose that you really are paying 30k in property taxes. What percent of that is designated for the library?

  65. A Home Buyer says:

    61 – Troll,

    I would assume his views basically fall in-line with mine. Privatize most everything and have those newly privatized organizations be monitored and regulated by strict government standards and laws enforced by a combination of private and government regulators. The Government would not directly administer or run these privatized organizations so the liability doesn’t fall upon the people when they run amok. Also term-limits, and generally career limits, in government would need to be enacted, and transparency increased.

    I am pro small government, but that doesn’t mean I am against things like the Glass Steagall Act, Limitations on Corporations, National Parks, or the principle purpose of the EPA. I would also assume Ragnar is on-board with many of these in principal as well.

    But I have not asked him. Why don’t you have a real conversation with him if your curious?

  66. A Home Buyer says:

    66 – Troll,

    Because you are Human. And a Troll. And unfortunately loosely based on a real person.

  67. Comrade Nom Deplume, the anon-tidote says:

    [5] anon,

    “no surprised considering that the retiring boomer is an angry, racist, right winger old fart who never misses an election”

    You a minority? If so, then the foregoing is accurate cuz we sure hate the likes of you.

  68. The Great Pumpkin says:

    Yes, that’s why I made my call for the next run up in real estate will be in the 2020’s. I bought and took full advantage of this. Do you actually expect them to not keep doing this to every generation that comes up?

    Splat What Was He Thinking says:
    October 29, 2015 at 12:03 pm
    Oil up the sausage grinder, Alice. We’re gonna have another go at it!

  69. The Great Pumpkin says:

    How is this going to end any different than the current govt we have setup. Just look at how our govt morphed since it began. Those private and government regulators will all do the same. Money will come and corrupt them to no end. Big money wants to control all, always has, always will.

    “I would assume his views basically fall in-line with mine. Privatize most everything and have those newly privatized organizations be monitored and regulated by strict government standards and laws enforced by a combination of private and government regulators. The Government would not directly administer or run these privatized organizations so the liability doesn’t fall upon the people when they run amok. Also term-limits, and generally career limits, in government would need to be enacted, and transparency increased.”

  70. yome says:

    Year by year History of US trade Deficit with China from 1985

    https://www.census.gov/foreign-trade/balance/c5700.html

  71. POS cape says:

    “Several of the most in-demand towns in the state are in Bergen County, including Lyndhurst, Glen Rock, Waldwick and Ridgewood, Otteau said.”

    Lyndhurst?

  72. xolepa says:

    Noticed no own is writing to the board this afternoon. Sigh, I wonder why….

  73. NJT says:

    Trump: Married three times, bankrupt three times. It was fun rooting for him but that bottle is now empty (after the H1B thing). Bye Donnie. No hangover.

    Eh, don’t matter who’s elected. Same ‘ol.

    *BTW – Never got my hats that he said he was going to send.

  74. NJT says:

    #73

    Lyndhurst?

    Well, it’s close to Manhattan and has a train station that many in the town can walk to in less than 15 mins. Other than that…It is (was) the most Italian town in NJ. worked there in the 90s (Wall Street West) and Manhattan NYC (1/2 and 1/2).

    Lotta gangsters back then, there (90-95) including the local town officials. Thankfully they thought I was, too (I’m not – Italian or a gangster).

  75. The Great Pumpkin says:

    Makes me want to puke. Got damn sell outs! You all should be hung for selling out America to the Chinese for a quick buck. No conscious. Had to jump on the easy buck. Just picked up and threw away the advantage that so many of the older generations built to make a lazy dollar. Give me Bernie, I can’t take this madness anymore. I want someone that’s going to do right by America. I don’t care about the entire world population, I only care about America.

    yome says:
    October 29, 2015 at 4:12 pm
    Year by year History of US trade Deficit with China from 1985

    https://www.census.gov/foreign-trade/balance/c5700.html

  76. leftwing says:

    63. Joyce, disturbing. And these donkeys want to give the State *more* power.

    64. Donkey: You could have – correction, have – written the first sentence. Top to bottom, from (presumed) meaning to the actual gibberish on the paper:

    “The activity of individuals is not to counteract the interests of the universality, but must have its result within the framework of the whole for the benefit of all.”

    The rest reads like Bernie’s platform – nationalized healthcare, free access to college, etc. Own it baby. You and Bernie have jointly penned H1tlers platform, 90 years later. LOL.

  77. Clean up on aisle 6…more Punkinhead intellectual vomit.

  78. phoenix1 says:

    3. Grim,
    What have I been saying all along……

    So basically, retiring boomers are rolled out the red carpet to access the loophole. Not only that, but they’ve now made it perfectly clear to everyone that it’s a glaring loophole to be abused.

    And the rest of us get screwed.

    Nice.

    Please, rename them to the locust generation.

  79. phoenix1 says:

    So let me get this straight.
    Public official accepts 70k in bribes for jobs.
    Gets snagged, has to do 46 months for being caught- taxpayers pay for his imprisonment.
    Whistleblower gets 7.7 million taxpayer dollars.

    From a financial standpoint,exactly who shafted on this deal?

    http://www.nj.com/burlington/index.ssf/2015/10/jury_awards_ex-nj_corrections_employee_77_million.html#incart_river_home

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  81. Wealth flows from energy and ideas. William Feather

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