Local home price gains still lag the nation

From the Record:

North Jersey home prices rise 2%

Single-family home prices in the New York metropolitan area ticked up 2 percent in the fourth quarter of 2015, to a median $464,600, the National Association of Realtors reported Wednesday.

Nationally, prices rose by a more robust 6.9 percent, the NAR said.

The area, which includes Bergen, Passaic and Westchester counties as well as New York City, remains one of the most expensive housing markets in the nation, after places like Hawaii, Southern California, San Francisco and San Jose.

The NAR did not break out prices by county, but according to a separate report from the New Jersey Realtors, home prices rose 2 percent last year in Bergen County, to a median $459,000, and 3.5 percent in Passaic County, to a median $295,000.

Robert Oppenheimer, broker-owner of Re/Max Fortune Properties in Englewood Cliffs, said the slow price movement reflects a lack of confidence among potential buyers. Even as unemployment has dropped to 5.1 percent in New Jersey, he said, many of the new jobs carry smaller paychecks, which has left households unable to spend a lot on homes.

In addition, prices in the region aren’t rising as fast as prices nationwide because they didn’t fall as far during the housing collapse. And, while the worst of the foreclosure crisis has passed nationwide, New Jersey is still dealing with a backlog of distressed properties that piled up after state courts halted foreclosures while the mortgage industry faced allegations of abusing borrowers’ rights. Distressed properties tend to sell at lower prices, putting downward pressure on nearby home values.

This entry was posted in Housing Recovery, New Jersey Real Estate, NYC. Bookmark the permalink.

140 Responses to Local home price gains still lag the nation

  1. grim says:

    From the Star Ledger:

    Diddy can’t unload Alpine mansion, slashes price to $8M

    Sean “Diddy” Combs, who first listed his brick Alpine mansion in 2011 for $13.5 million and relisted it last year for $8.5 million, has dropped the price further, to a hair under $8 million, according to its Trulia.com listing. And no, you still can’t afford it.

    The 7-bedroom home on nearly four gated acres includes three master bedroom suites, an indoor basketball court, a swimming pool with waterfalls, a private putting green and a lighted tennis court.

    In 2014, Combs spent $40 million on a Holmby Hills mansion that features a 35-seat theater, a pool and a grotto connected by an underwater tunnel, and a separate structure that includes a steam room, massage room and a beauty salon, according to media reports.

    Combs bought his Alpine mansion in 2004 for $6 million. Taxes are $46,862.32

  2. grim says:

    That’s all the kitchen you get for 8 million? It looks like it’s the size of a display at home depot.

  3. grim says:

    From HousingWire:

    NAR: Inventory shortages push homeownership further out of reach

    A lack of housing inventory continues to stifle the housing market, making it difficult for potential homeowners to get on the property ladder.

    And according to the latest quarterly report from the National Association of Realtors, the problem is not going to subside anytime soon.

    “Without a significant ramp-up in new home construction and more homeowners listing their homes for sale, buyers are likely to see little relief in the form of slowing price growth in the months ahead,” said Lawrence Yun, NAR chief economist.

    The NAR report cited that the median existing single-family home price increased in 81% of measured markets, with 145 out of 1791 metropolitan statistical areas (MSAs) showing gains based on closings in the fourth quarter compared with the fourth quarter of 2014.

    There were slightly fewer rising markets in the fourth quarter compared to the third quarter, when price gains were recorded in 87% of metro areas.

    Yun said faster price growth reawakened in the final months of 2015 despite the pace of sales slowing from earlier in the year.

    “Even with slightly cooling demand, the unshakeable trend of inadequate supply in relation to the overall pool of prospective buyers inflicted upward pressure on home prices in several metro areas,” he said. “As a result, homeownership continues to be out of reach for a number of qualified buyers in the top job producing, but costliest, parts of the country – especially on the West Coast and parts of the South.”

  4. Who buys a used house?

    Sean “Diddy” Combs, who first listed his brick Alpine mansion in 2011 for $13.5 million and relisted it last year for $8.5 million, has dropped the price further, to a hair under $8 million, according to its Trulia.com listing. And no, you still can’t afford it.

  5. Juice Box says:

    Re#2 what happened to the backboard,did he have Shaq over for dinner in night?

  6. property slide?

    A lack of housing inventory continues to stifle the housing market, making it difficult for potential homeowners to get on the property ladder.

  7. grim says:

    property stripper pole probably more accurate

  8. grim says:

    5 – Marc Ecko’s (for sale) house is much nicer, and has a better basketball court.

    http://www.nj.com/entertainment/index.ssf/2015/07/marc_ecko_lowers_asking_price_of_bernardsville_man.html

    Easy to see who has the better taste/style. Although it’s rumored he spent 21 million to build it, and trying to sell it for 11, perhaps he’s not the better businessman.

  9. yome says:

    Does cost of property tax holding down the rise of housing prices in NJ? Seems to me,better to spend initially more money purchasing a house than paying more money on property tax that increases by 4% annualy

  10. Leave No Billionaire Behind (the good one) says:

    @BillMoyersHQ

    “Inequality, it’s not just about wealth, it’s about power.

    It isn’t just that somebody has some yachts, it’s the effect on democracy.”

    –Gantz

  11. Leave No Billionaire Behind (the good one) says:

    @DouthatNYT
    My Campaign Stops column: The Republican Mess:

    Finally, for those of us covering this campaign with some kind of rooting interest in a wiser, more public-spirited Republican Party down the road: What we should be rooting for — what I’ve tried to hope for — is a candidate who can channel, à la Richard Nixon with George Wallace, the legitimate grievances of the Trumpistas while stiff-arming his rank, un-republican fascismo.

    But if no such candidate emerges — as seems increasingly likely — what then should we root for? For a compromised “establishment” candidate limping out of a contested convention? For Cruz’s self-limiting True Conservative™ message to prevail?

    Or should we begin to root for Donald Trump — not as a candidate actually to champion, now or in the fall, but as an agent of divine retribution for a corrupt and stumbling party, a pillaging-and-torching Babylonian invasion of which it must be said: The judgments of the Lord are true and righteous altogether.

  12. Not Leave A B says:

    Article has point. this election is about retribution.

    I’m generally a liberal. But I’ll vote for Trump in a heartbeat if Clinton is the Dem candidate. With a Clinton as a democrat, who needs enemies. At least with Trump you’ll know how he’s going to sell you out, and he’ll have more compassion, plus give you a reach around as he nails you.

  13. nwnj3 says:

    It’s amazing how much time the liberal media(and sheep like anon by extension) spend obsessing over the innards of the republican party. Meanwhile they are ignoring the unfolding disaster and the likely screw job the democrats are perpetrating(superdelegates anyone?) against their most popular candidate. It’s really the party of sheep.

  14. The Great Pumpkin says:

    No, not property tax, but wages. The only places where property taxes will hold down prices is in areas where the schools are garbage. Property taxes are not a problem if you are getting something for it. It will have no impact on the price if you have good schools. If you have high taxes and can’t send your kid to that school, well then it has an impact.

    yome says:
    February 11, 2016 at 6:57 am
    Does cost of property tax holding down the rise of housing prices in NJ? Seems to me,better to spend initially more money purchasing a house than paying more money on property tax that increases by 4% annualy

  15. Libturd supporting the Canklephate says:

    “That’s all the kitchen you get for 8 million? It looks like it’s the size of a display at home depot.”

    I have a feeling that P-Diddy ordered in…a lot. The Kennedy Fried Chicken in Englewood probably had his home as a favorite in their GPS.

  16. The Great Pumpkin says:

    People talk about the impact of property taxes on holding down home values in places like Trenton, Irvington, or any other parasitic urban area in nj. But then again, the property taxes are not really what’s holding down the prices in that area, now is it? If they took care of their neighborhoods and schools, would the irvington property taxes really be a problem? NO, they are only a problem based on the relation of price to taxes. Now who’s to blame for the low price of the property? The people living there.

    Just because your property is pretty much worthless, due to how these people care for their neighborhood and their education, does not mean the services stop costing money. Since Irvington is still using services, the property taxes are justified. Not anyone’s fault except the people living there that their yearly property taxes cost almost as much as the property.

    Man, if they just took care of their neighborhood and made their kids do good in school, these areas could become gold mines for these people. They would raise the value of their properties dramatically. They would help lower the taxes for the nj suburbs that they currently live off of like parasites. Only if. It’s nice to dream.

  17. Libturd supporting the Canklephate says:

    nwnj3: You are wasting your time. You are correct though.

    “Inequality, it’s not just about wealth, it’s about power. It isn’t just that somebody has some yachts, it’s the effect on democracy.”

    Hillary doesn’t need a yacht (though she probably owns one). She’s so full of sh1t that she floats.

    Speaking of yachts, guess which president repealed the federal luxury tax on boats (that cost over $100,000). You guessed it…chubby chaser Clinton!

  18. Ragnar says:

    Ultra high end homes are tough to unload around here. They need to market to all the area’s incoming free agent athlete signings, and that’s about their only market.

  19. Libturd supporting the Canklephate says:

    Hey Anon…don’t hurt yourself looking it up. It was part of the Clinton economic package.
    The cigar was part of the Clinton Package.

  20. Ragnar says:

    I didn’t buy my gold coins back at $1080, when I had a feeling that I should.

  21. The Great Pumpkin says:

    If money wasn’t about power, there would be no billionaires. No one would want that much money, what are you going to do with it if it doesn’t give you power? Buy a bunch of properties you won’t even need? Buy a 100 million dollar nyc apartment? Stuff is pointless, it’s all about power.

    I think Trump is running based on a hunger for power. It’s what motivates all the big boys, they want that power.

    Libturd supporting the Canklephate says:
    February 11, 2016 at 9:04 am
    nwnj3: You are wasting your time. You are correct though.

    “Inequality, it’s not just about wealth, it’s about power. It isn’t just that somebody has some yachts, it’s the effect on democracy.”

    Hillary doesn’t need a yacht (though she probably owns one). She’s so full of sh1t that she floats.

    Speaking of yachts, guess which president repealed the federal luxury tax on boats (that cost over $100,000). You guessed it…chubby chaser Clinton!

  22. The Great Pumpkin says:

    That market sucks and is a house of cards. It exists to feed ego’s. Once ego is fed, people realize it’s pointless to have that large of a residence. Better off going with a smaller residence decked out in the best finishings. That’s my idea of a nice home, not based on size, but functionality and grade of the finishings.

    Ragnar says:
    February 11, 2016 at 9:06 am
    Ultra high end homes are tough to unload around here. They need to market to all the area’s incoming free agent athlete signings, and that’s about their only market.

  23. D-FENS says:

    Stop saying democracy. There is no democracy in this country. Democracy is mob rule.

  24. Ragnar says:

    Pumptard,
    Billionaires in general don’t own much “money”. They own large stakes of businesses, and many of them created and or lead those businesses.
    Why do you hate people who create new productive enterprises and hire thousands of people to help create new useful goods and services in the economy?
    If Grim were to create the next big distilling company and investors valued the business at a billion, should that business be stripped from them and redistributed to all the random people who didn’t build that business?

  25. Libturd supporting the Canklephate says:

    Trump is not in it for power. Trump is in it for ego. Trump is also a closet liberal. He is just the master of telling people what they want to hear. If flaunting loopholes and taking advantage of (paid for) corporate bankruptcy is what one looks for in a leader. Then Trump is your man. He’ll get the same treatment from the GOP that Bernie is getting from the DNC. Isn’t it incredible how the MSM is ignoring the super delegate issue? Not really. They paid for Hillary.

  26. D-FENS says:

    Word to the wise…zerohedge.com is considered a “compromised website” by my security team. Recent visitors have had their PC’s infected with a virus.

  27. Opportunist says:

    I know nothing about the stock market but something tells me this may be the time to buy some Oil. Anyone know the best way to go about that?

  28. Ottoman says:

    If Grim built the business in Somalia without the legal and military protections of a first world government, along with all the buying power created as a result of a robust education system and the long alcohol soaked lives enabled by first world health care, you might have a point. It’s so cute you want to enjoy the protections of social programs for your own profit but not pay into them yourself. btw, trickle down was discredited decades ago.

    “If Grim were to create the next big distilling company and investors valued the business at a billion, should that business be stripped from them and redistributed to all the random people who didn’t build that business?”

  29. Fast Eddie says:

    Why do you hate people who create new productive enterprises and hire thousands of people to help create new useful goods and services in the economy?

    I’ve been able to buy a house, purchase furniture, paint, fixtures, décor all because someone created a company that an industry needed thereby creating a viable role for me. It’s not that leftists and liberals want to destroy these companies, it’s because they are disappointed with their lot in life, too weak to overcome their failures and shortcomings and need to vilify success and achievement.

  30. Fast Eddie says:

    What I wanted to add is that because I could purchase all these items, it creates more demand, more jobs and more purchasing power.

  31. Libturd supporting the Canklephate says:

    “I know nothing about the stock market but something tells me this may be the time to buy some Oil.”

    There’s a sale over at Pep Boys.

  32. D-FENS says:

    The danger is in the extremes.

    At some point, it stops being a social safety net and becomes a social justice program.

    We all like our roads and laws and safe streets, strong military and clean water etc….but it’s gone way beyond that. It’s not the government’s job to right every wrong.

    Ottoman says:
    February 11, 2016 at 9:41 am
    If Grim built the business in Somalia without the legal and military protections of a first world government, along with all the buying power created as a result of a robust education system and the long alcohol soaked lives enabled by first world health care, you might have a point. It’s so cute you want to enjoy the protections of social programs for your own profit but not pay into them yourself. btw, trickle down was discredited decades ago.

  33. The Great Pumpkin says:

    Why do they not hold their wealth in money is the better question. You act like they are broke or something, like the money isn’t purposefully in these assets.

    Ragnar says:
    February 11, 2016 at 9:21 am
    Pumptard,
    Billionaires in general don’t own much “money”. They own large stakes of businesses, and many of them created and or lead those businesses.

  34. FKA 2010 Buyer says:

    We Are Running Under the Radar’: Morgan Stanley in $3.2 Billion Mortgage-Bond Pact

    Morgan Stanley agreed to pay $3.2 billion to end a joint federal-state investigation into its handling of mortgage-backed securities, the fourth deal to be struck in a probe of the big U.S. banks’ role in the subprime mortgage meltdown and the financial crisis it spawned.

    The settlement, announced Thursday by federal and state officials, includes $550 million in cash and other benefits for New York, on top of $2.6 billion in payments previously disclosed in a regulatory filing.

    The additional relief for New York includes $400 million for lower-cost rental housing, mortgage principal reduction and community purchases of distressed properties, according to a statement from New York’s attorney general.

    http://www.bloomberg.com/news/articles/2016-02-11/morgan-stanley-reaches-3-2-billion-pact-over-mortgage-bonds

  35. nwnj3 says:

    And on the other hand you have the Walton children whose only employees are tax lawyers and lobbyists who they use to create and exploit tax loopholes all day. Or the “financial industry” billionaires who are the fastest growing segment of the billionaires club who only gained that status due to favorable legislation they lobbied for at the expense of the population overall.

    Those are the 1%ers who should be the target of any reforms not the billionaires who actually add value to the economy.

    Ragnar says:
    February 11, 2016 at 9:21 am

    Pumptard,
    Billionaires in general don’t own much “money”. They own large stakes of businesses, and many of them created and or lead those businesses.
    Why do you hate people who create new productive enterprises and hire thousands of people to help create new useful goods and services in the economy?
    If Grim were to create the next big distilling company and investors valued the business at a billion, should that business be stripped from them and redistributed to all the random people who didn’t build that business?

  36. FKA 2010 Buyer says:

    KYLE BASS: China is already out of money

    Texan hedge fund manager J. Kyle Bass, the founder of Dallas-based Hayman Capital, sent out a big letter to investors explaining why he thinks China has a problem much larger than the 2008 subprime crisis….. According to Bass, the country is out of money today. In other words, China no longer has enough liquid reserves.

    http://www.businessinsider.com/kyle-bass-china-does-not-have-enough-money-2016-2

  37. Hey footstool, check your talking points! “Congo” is the new “Somalia”.

    Any mention of “Somalia” in and economic discussion only evidences intellectual bankruptcy, and is de facto surrender of the argument. Its the economic equivalent of playing the race card in social discussions.

    It scores you big points with the Koz-acks and DUers, however. Try it over there to thunderous acclaim.

  38. Diddy mansion rooms look stark and barren. Staged with too-little rental furniture? I do like the bar, but again the empty white room its in kills it.

  39. Libturd supporting the Canklephate says:

    TNX $1.63

  40. Libturd supporting the Canklephate says:

    Pancake blaster: 0.0017 down from .005

  41. The Great Pumpkin says:

    Why would I hate productive people? I want Grim to be successful, that means our society will be better off. He will provide jobs and help the tax base.

    I dislike the individuals making a ton of money and barely paying any taxes on it. I dislike individuals who can pay a decent wage, but instead choose to take on more profit at the expense of other people. Yes, you have the freedom to profit as you like, but there is a moral issue at hand. Do you really need to profit so much that your workers will be worst off for it?

    I think all sides of the game have lost sight of what matters. Workers and owners should NOT BE FIGHTING AGAINST EACH OTHER. They should be working together for betterment of the society as a whole. Workers should support their owners and owners should support their workers. It’s a mutually beneficial relationship if done correctly. Instead, we have owners treated workers as the enemy which leads to workers looking at owners as the enemy, and now society it worst off for it. We are fighting each other over what? We are the top species on this planet, yet we lose so much to a needless competition based on senseless hate. Why does society have to be so divided? Why can’t people just work together for the greater good? I know, it’s a pipe dream, too many people follow their evil thoughts and find ways to cheat the rest of the participants in the system. No wonder the economy and world is such a mess, people suck.

    WE CAN HAVE THE GARDEN OF EDEN on this planet, but instead we choose to live miserably in the name of a senseless competition against each other. Imagine if we worked together instead of against each other. How much resources are lost to senseless competitions (wars) so that the winners can have it all? They can’t just share a little of the pie, have to have it all. Human nature sucks. It’s insanity.

    “Why do you hate people who create new productive enterprises and hire thousands of people to help create new useful goods and services in the economy?
    If Grim were to create the next big distilling company and investors valued the business at a billion, should that business be stripped from them and redistributed to all the random people who didn’t build that business?”

  42. Leave No Billionaire Behind (the good one) says:

    not for the poor

    D-FENS says:
    February 11, 2016 at 9:17 am
    Stop saying democracy. There is no democracy in this country.

  43. Leave No Billionaire Behind (the good one) says:

    get more than enough paranoid gloom & doom in here. why go to zero hedge ?

    D-FENS says:
    February 11, 2016 at 9:27 am
    Word to the wise…zerohedge.com is considered a “compromised website” by my security team. Recent visitors have had their PC’s infected with a virus.

  44. D-FENS says:

    There’s no such thing as utopia…

    Society and technology advances…human nature always stays the same.

    Accept it…and operate accordingly.

  45. The Great Pumpkin says:

    If purchase orders don’t come soon, I’m toast. Note conversion will destroy me. I still believe in it. Wish me luck.

    Libturd supporting the Canklephate says:
    February 11, 2016 at 10:18 am
    Pancake blaster: 0.0017 down from .005

  46. FKA 2010 Buyer says:

    I don’t think I could eat, work, and sleep in the same place.

    $500M redesign proposed for central New Jersey Mall

    EATONTOWN, N.J. (AP) – New plans are calling for a $500 million makeover to a central New Jersey mall.

    Kushner Companies unveiled the plans Wednesday that would turn Eatontown’s Monmouth Mall into a 24/7 destination named the Monmouth Town Center. The mall would be modeled after Long Branch’s Pier Village.

    The proposal features an open-air hub with retail shops, dining and entertainment, a hotel and apartment units. It also calls for an outdoor plaza, green spaces and a streetscape.

    Company representatives have released conceptual designs and a project summary.

    Opponents have questioned the plan’s sustainability and size of its four- and five-story apartment buildings. Supporters say it would breathe new life into the area.

    The company didn’t say when construction could start, but that it could be a multi-year process and requires zoni

    Read more at http://www.philly.com/philly/news/new_jersey/20160211_ap_3a793edc148c42f28123962123219216.html#Y025daUHhfMvr8Vd.99

  47. Libturd supporting the Canklephate says:

    I’m about to make Plumpy’s head explode…

    “Hillary Clinton was on the Wal-Mart board of directors for 6 years.”

  48. The Great Pumpkin says:

    “In a discovery that promises to revolutionize astronomy, scientists have made the first direct observations of gravitational waves – bizarre ripples in space-time foreseen by Albert Einstein a century ago.

    The find is a triumph for Einstein’s celebrated general theory of relativity, the basis of his 1916 prediction that the fabric of the universe is perturbed by gravitational energy. The find is also a triumph for the mammoth scientific apparatus – the Laser Interferometer Gravitational-wave Observatory (LIGO) – that was the first to pick up the stealthy advance of these waves, in this case created by the violent union of two black holes 1.3 billion years ago.

    Other scientists hailed the find as the kind of advance that comes along only once or twice in a lifetime. Because gravitational waves carry information about their source, the ability to detect these weird undulations will allow researchers to study distant and elusive features of the universe. Black holes too far way to study using today’s techniques, for example, should become easy scientific prey with the help of gravitational waves.

    Study of the universe via gravitational waves “will be the astronomy of the 21st century,” predicted Arizona State University’s Lawrence Krauss, who is not part of the LIGO team. “This is a whole new window on the universe.”

    As far back as the 1970s, scientists garnered indirect evidence for such waves, spawned by the movements of massive objects in space, such as spinning supernovae or whirling pairs of neutron stars. The $1 billion LIGO directly captured the wave itself, which, if confirmed, would be “a monumental extra step,” said Cole Miller of the University of Maryland, who is not affiliated with LIGO either.

    LIGO’s twin detectors, one in Hanford, Wash., the other in Livingston, La., picked up the wave on Sept. 14, 2015 – several days before official data collection was scheduled to resume after a five-year renovation of the equipment. Each of LIGO’s outposts consists of an L-shaped tunnel, the arm of each L stretching 2½ miles. When a gravitational wave hits, the length of the arms changes ever so slightly. The detectors are sensitive enough to pick up a length change of only one ten-thousandth the diameter of a proton, which is one of the particles making up an atom.”

    http://www.usatoday.com/story/news/2016/02/11/ligo-discovers-gravitational-waves/80226644/

  49. Raymond Reddington formerly Phoenix says: says:

    48.
    The only thing those detectors picked up is when Christie stomped his feet over conceding defeat…

  50. The Great Pumpkin says:

    All the evidence you need to know that they all play for the same team.

    Libturd supporting the Canklephate says:
    February 11, 2016 at 11:03 am
    I’m about to make Plumpy’s head explode…

    “Hillary Clinton was on the Wal-Mart board of directors for 6 years.”

  51. The Great Pumpkin says:

    Good advice.

    D-FENS says:
    February 11, 2016 at 10:44 am
    There’s no such thing as utopia…

    Society and technology advances…human nature always stays the same.

    Accept it…and operate accordingly.

  52. Hillary doesn’t need a yacht (though she probably owns one). She’s so full of sh1t that she floats.

    It’s obvious that Hillary is a sh1t tanker. The real question is: From whose a$$ is she filled?

  53. leftwing says:

    24. Rags

    Trying to reason with Pumps, you make as much progress as with Opie

    https://www.youtube.com/watch?v=81BTRvzHJuI

  54. Elizabeth Warren going after the big banks right now during Yellen testimony.

  55. Anything that Pumps pastes that is over 4 lines long, I don’t even read a word of it. When Pumps writes the occasional short comment I sometimes read, and immediately regret that I wasted those 6 seconds.

  56. grim says:

    Why am I getting insulted, in my own house, by someone who hasn’t ever contributed a single penny to keeping this blog up and running?

  57. relo says:

    Question for the assembled. I am unable to drive for medical reasons and will be changing jobs shortly. Until we move this summer, aside from Uber, any suggestions on getting from northern BC to the Montclair/Little Falls? Stu? Looked into rideshare/carpool, but seemingly no dice. NJT would take too long routing through Secaucus. Thanks in advance.

  58. grim says:

    Ironically, those he rails most vehemently against, have actually financially contributed to keep the blog up. Go figure, c’est la vie, c’est online.

  59. grim says:

    Train to Secaucus Junction and then reverse commute back to Little Falls or Montclair on the Montclair-Boonton line is probably the easiest if both your origin and destination are near the train.

  60. grim says:

    There may be some bus options, but you’ll be transferring at least once, if not twice. I’d see if there is an option to get you down to like GSP or Willowbrook, and then out from there.

  61. I should watch this show, every time I see a clip I think it is hilarious.

    https://www.youtube.com/watch?v=PMu9G8vovZc

    Trying to reason with Pumps, you make as much progress as with Opie

    https://www.youtube.com/watch?v=81BTRvzHJuI

  62. grim says:

    Or are you on Main/Bergen line? If so – I wonder if you can take the train down into Passaic County and transfer to bus into Montclair.

  63. Libturd supporting the Canklephate says:

    I can’t offer you any different advice than what Grim has offered. Might as well use the Secaucus Transfer. If you live in NJ, you paid billions for it.

  64. D-FENS says:

    You say it like it’s a bad thing. Trump is like JJ for president without an alcohol and drug problem.

    Libturd supporting the Canklephate says:
    February 11, 2016 at 9:26 am
    Trump is not in it for power. Trump is in it for ego. Trump is also a closet liberal. He is just the master of telling people what they want to hear. If flaunting loopholes and taking advantage of (paid for) corporate bankruptcy is what one looks for in a leader. Then Trump is your man.

  65. Raymond Reddington formerly Phoenix says: says:

    Bernies new campaign transport vehicle

    http://bit.ly/23ZhkGr

  66. 1987 Condo says:

    Hmm..knew Lib was onto something with those “pu$$yfication of US” comments..

    “Fresh evidence that some New Jersey waterways are being contaminated by estrogens from water-treatment plants and agricultural sources has prompted calls for curbs on development of environmentally sensitive areas and for more research into an issue that may threaten human health.

    A study from the United States Geological Survey found that two species of male fish caught at Great Swamp National Wildlife Refuge in Morris County and at Wallkill River in Sussex County contained a high incidence of “intersex” specimens, in which males adopt some female characteristics.”

    http://www.nj.com/news/index.ssf/2016/02/tests_on_fish_raise_new_concerns_about_estrogen_le.html

  67. [65] You can play the game an any level too. Take the top 1% of Montclair and redistribute their liquidated wealth evenly to the other 99%, it just doesn’t work out to that much money per family while the destruction of businesses and business leadership devastates far worse than the benefit. I think the talk is all about the 1%, but the plan would work out to going after the 25-40%.

  68. The Great Pumpkin says:

    Why do you enjoy listening to only one pt of view. The world wasn’t built on mindsets that thought in absolutes.

    The Original NJ ExPat says:
    February 11, 2016 at 11:39 am
    Anything that Pumps pastes that is over 4 lines long, I don’t even read a word of it. When Pumps writes the occasional short comment I sometimes read, and immediately regret that I wasted those 6 seconds.

  69. [57]relo – Three outside the box options:

    1. Uber and propose to each driver a private, steady gig to drive you daily.
    2. Get a different different job?
    3. Small affordable apartment/studio for M-Th nights. I did this one when I lived in Nutley and worked in Hauppauge, Long Island during the Winter months. I even joined a gym that was walking distance from my apartment. I figured back then that savings on gas, tolls and possible missed work(I was a consultant, no show, no pay) for bad weather paid my additional rent if it kept me from missing 2 days of work per month.

  70. The Great Pumpkin says:

    I never meant to be insulting. Didn’t even realize I was insulting you, sorry.

    grim says:
    February 11, 2016 at 11:41 am
    Why am I getting insulted, in my own house, by someone who hasn’t ever contributed a single penny to keeping this blog up and running?

  71. The Great Pumpkin says:

    I wouldn’t say I vehemently rail against anyone on this blog, I’m here to discuss and debate.

    grim says:
    February 11, 2016 at 11:42 am
    Ironically, those he rails most vehemently against, have actually financially contributed to keep the blog up. Go figure, c’est la vie, c’est online.

  72. D-FENS says:

    66 – If I had to guess, I’d say it was because of female contraceptives (the pill). SCMUA waste water treatment puts their “treated” water from the sewers into the Walkill River.

  73. D-FENS says:

    71 – Michael, put your money where your mouth is.

  74. The Great Pumpkin says:

    I know you don’t read my posts, but I will still engage this topic with you.

    I think you have it all wrong. No one is talking about taking money from all the 1% and redistributing it to the rest of society evenly. What the hell will that do? It will destroy the economy and put the economy on worse footing than the current problem of income inequality. You will just exasperate the problem to total destruction.

    What people are advocating for, is bringing balance back to the distribution of profits. It’s nothing to do with taking all the 1%’s money and dividing it evenly among the other 99%. If you bring balance back to the division of profits, you will have a better economy for all. Why is this so hard to understand for some people? They act like you are trying to get rid of the 1% or something. Totally taking the argument to the extreme.

    The Original NJ ExPat says:
    February 11, 2016 at 12:19 pm
    [65] You can play the game an any level too. Take the top 1% of Montclair and redistribute their liquidated wealth evenly to the other 99%, it just doesn’t work out to that much money per family while the destruction of businesses and business leadership devastates far worse than the benefit. I think the talk is all about the 1%, but the plan would work out to going after the 25-40%.

  75. The Great Pumpkin says:

    You know, I tried to donate, but it would require giving my personal information. With the amount of hate for me on this blog, I really don’t feel comfortable giving out that info. If people aren’t going to mess with me, I will indeed donate. I know some people on here are very good at hacking, last thing I need is to have my personal life ruined because of some grudge from a blog. So if I have Grim’s word that there will be no funny business, I will donate.

    D-FENS says:
    February 11, 2016 at 12:38 pm
    71 – Michael, put your money where your mouth is.

  76. grim says:

    Not you – but please feel free to send cash if you are uncomfortable.

  77. grim says:

    Booyah bob donated in bullion.

  78. Libturd supporting the Canklephate says:

    Really? That’s awesome!

    “a high incidence of “intersex” specimens, in which males adopt some female characteristics.”

    Maybe we ought to close down the manboob factory?

  79. grim says:

    With all the antibiotics pissed down the drain, it’s amazing we don’t have the healthiest fish in the world. “Cletus! Look at the biceps on that trout!”

  80. Former .01% Member says:

    Yeah, I have a grudge. I can’t believe I lost my life savings. Damn you pancake blaster!

    I’m coming for you Punkin’! You’ve ruined me.

  81. The Great Pumpkin says:

    Yes, I feel like an idiot. Sorry, mistakenly thought you were talking about me. As you can tell, I guess I kinda developed a complex that most negative messages are towards me. Maybe I can get someone to donate for me electronically and then give them the cash.

    grim says:
    February 11, 2016 at 12:53 pm
    Not you – but please feel free to send cash if you are uncomfortable.

  82. Ben says:

    If Grim built the business in Somalia without the legal and military protections of a first world government, along with all the buying power created as a result of a robust education system and the long alcohol soaked lives enabled by first world health care, you might have a point. It’s so cute you want to enjoy the protections of social programs for your own profit but not pay into them yourself. btw, trickle down was discredited decades ago.

    I thought he tried building in Paterson?

  83. FKA 2010 Buyer says:

    Rule #1: Never take her back to your place.

    Teen temptress accused of ‘drugging rich men and robbing them’ is arrested after ‘cleaning out’ JP Morgan executive’s $1.8million condo as he slept – as it emerges she has fleeced SIX men

    Read more: http://www.dailymail.co.uk/news/article-3438849/Teen-temptress-accused-drugging-rich-men-robbing-arrested-sixth-time-cleaning-JP-Morgan-executive-s-1-8million-condo-asleep.html#ixzz3zsy4svJz

  84. The Great Pumpkin says:

    I never told you to buy. lol

    If this isn’t a parity, I hope you didn’t sell if you bought. Stupidest move you could do in penny land is sell because you can’t handle looking at a loss. Tides are finally changing. Up 64% for the day at the moment. The crooks just took some newbies money. Can’t wait till this thing goes off.

    Former .01% Member says:
    February 11, 2016 at 1:22 pm
    Yeah, I have a grudge. I can’t believe I lost my life savings. Damn you pancake blaster!

    I’m coming for you Punkin’! You’ve ruined me.

  85. Splat says:

    The best donation would be one of us putting a 2×4 upside plumpty’s skull.

  86. Splat says:

    Gold, bitchez.

  87. Leave No Billionaire Behind (the good one) says:

    neither Grim nor anyone will ever create a Billion biz in Somalia. never

    you didn’t build that!

    it was a very well-developed infrastructure, it was accessible resources, well-educated population, rule of the law, etc, etc. all paid by society which made the biz for a billionaire

    Billionaire, pay back your taxes!

    Ragnar says:
    February 11, 2016 at 9:21 am

    If Grim were to create the next big distilling company and investors valued the business at a billion,

  88. Splat [86];

    Merely climbing out of the hole, back to its 2013 trading range. Lets not even talk about where shiny was 2010-2013… O_o

  89. The Great Pumpkin says:

    Saw a good TED talk on this issue. The guy stated that they should turn the vacant properties into gardens to grow healthy food for the people living there. It’s actually pretty smart, you give the people a healthier lifestyle that will result in lower health costs down the road. You will also save resources by not having to transport food from rural areas to the city.

    Mike says:
    February 11, 2016 at 2:04 pm
    Atlantic City ranks fifth in the US for vacant homes
    http://www.nj.com/news/index.ssf/2016/02/this_nj_city_is_struggling_with_vacant_homes.html?ath=e48193b1505a73e67f7874531301093d#cmpid=nsltr_stryheadline

  90. D-FENS says:

    “You didn’t build that”

    I find that phrase funny, as most roads and bridges are built by private contractors hired by the government. But whatever.

    Leave No Billionaire Behind (the good one) says:
    February 11, 2016 at 1:49 pm
    neither Grim nor anyone will ever create a Billion biz in Somalia. never

    you didn’t build that!

    it was a very well-developed infrastructure, it was accessible resources, well-educated population, rule of the law, etc, etc. all paid by society which made the biz for a billionaire

    Billionaire, pay back your taxes!

  91. Anone/Gourd [90];

    Take another hit from the bong and go back to sleep.

    Saw a good TED talk on this issue. The guy stated that they should turn the vacant properties into gardens to grow healthy food for the people living there. It’s actually pretty smart, you give the people a healthier lifestyle that will result in lower health costs down the road. You will also save resources by not having to transport food from rural areas to the city.

  92. The Great Pumpkin says:

    Come on, it’s a good idea. The land is just sitting there doing nothing. Why not do something productive with it.

    Anon E. Møøse, Who never bit anyone’s sister says:
    February 11, 2016 at 2:18 pm
    Anone/Gourd [90];

    Take another hit from the bong and go back to sleep.

    Saw a good TED talk on this issue. The guy stated that they should turn the vacant properties into gardens to grow healthy food for the people living there. It’s actually pretty smart, you give the people a healthier lifestyle that will result in lower health costs down the road. You will also save resources by not having to transport food from rural areas to the city.

  93. D-FENS says:

    NYC…gun free Utopia…

    Man brandishes pistol during live TV report on NYPD cop Peter Liang’s Brooklyn trial

    http://www.nydailynews.com/new-york/brooklyn/man-waves-gun-live-tv-report-peter-liang-trial-article-1.2527318

    It could have been a whole different kind of “live shot.”

    A gun-toting creep crashed WNBC/Channel 4’s noon newscast Wednesday, briefly flashing what appeared to be a silver pistol as correspondent Michael George reported live from in front of the Brooklyn Supreme Court on the trial of NYPD Officer Peter Liang.

    George was broadcasting as jurors deliberated on whether Liang should be criminally charged for shooting unarmed Akai Gurley to death in a housing project stairwell in 2014.

    “Office Liang was a rookie cop, with little training,” George said as the grinning man walked in to the shot, first touching George on the arm with his left hand and then sweeping by him waving the firearm in the air with his right hand.

    The man, wearing a brown jacket and beige baseball cap, turned to face the camera, waved the gun and then ran off.

    Cops are actively searching for the man in the video, sources told the Daily News.

    “We’re doing a full court press,” a high ranking NYPD source said. “The gun is silver, it looks real and we are treating it as such.”

    A rep for WNBC declined to comment.

  94. Gourd [93];

    Come on, it’s a good idea. The land is just sitting there doing nothing. Why not do something productive with it.

    If all those unemployed people could farm, they’d be farmers and not unemployed.

  95. grim says:

    Is commercial farming within city limits an approved use for a residential property in the Atlantic City municipal code?

    Probably not, so growing food on those properties is not permitted.

    Likewise, is the use of farm equipment permitted on city streets? Don’t just assume it’s legal to drive a tractor across the street, or to even get the streets muddy with dirt from the tractor treads.

  96. grim says:

    What kind of la la land do you guys live in?

    My father got a citation from the local municipal code enforcement officer for keeping bees in Clifton.

    They are considered livestock, and livestock is considered farming, which is not approved for a residential property in the city of Clifton. Get rid of the bees.

  97. D-FENS says:

    I don’t get why you guys even try to reason with him.

  98. grim says:

    So what happens when the neighbors call the police because the farm has tractors fired up at 5am on a Saturday morning? Cops going to come and give a public nuisance ticket to the farm? If we were in NY State, we could cite right to farm laws, but NJ don’t have anything even close to that. What about the smell from the piles of shit and rotting vegetable matter.

  99. grim says:

    Or do people think that food comes from the pictures on the front of the labels?

  100. Ben says:

    Come on, it’s a good idea. The land is just sitting there doing nothing. Why not do something productive with it.

    Do you garden? I do. I’ve got 6 raised beds and 7 fruit trees. I grow tomatoes, eggplant, peppers, every herb, spinach, arugula, squash, melon, berries, asparagus, figs, and lemons.

    You don’t just set it up and let it grow. It requires a minimum of 1 to 2 hours a day and careful attention once you have everything set.

    You need to water adequately.
    You have to stake your plants properly and adjust as they grow.
    You have to prune on a regular basis to avoid fungal infections.
    You have to battle pests.
    You have to prevent the animals from eating your harvest.
    You have to properly fertilize your soil
    In extreme cases, you have to protect it from the weather.

    Even if you had a professional set up a garden on a rooftop, by July, the entire garden would be desolate and produce minimal food. And lets…say for the sake of argument they got lucky. The next year, the soil would be nearly useless as all the nutrients have been sucked out of it.

  101. Libturd supporting the Canklephate says:

    Ben…raised beds are overrated. Though I would agree with most of your other precautions. I would also put the necessary timing at closer to 30 minutes per day for the average family garden. Now why the heck can’t I get my blueberries to produce more than a couple berries per bush?

  102. 1987 Condo says:

    #100..Food…from ShopRite, right?

  103. Essex says:

    Are we having fun yet…?

  104. grim says:

    Blueberries up here? No way. Soil is all wrong in Montclair/GR.

  105. The Great Pumpkin says:

    Guess that idea is not going to work.

    Maybe you could get the unemployed people on welfare to tend the gardens? Homeless? There has to be better a use for these vacant lots and idle human labor.

  106. The Great Pumpkin says:

    Wow, bees are considered livestock? Lol. They really have regulated everything in jersey. Too funny.

  107. Ben says:

    Pumpkin. Do you honestly believe they will work?

  108. The Great Pumpkin says:

    Grim, donation sent.

  109. Ben [108];

    Maybe they won’t work, but they will stop cashing gubmint checks. That’s up to them, and frankly, I don’t care. Recent example in Maine: 80% reduction in able-bodied food-stamp rolls when recipients were required to work. Tells me they were merely working under the table and “supplementing” their income.

  110. The Great Pumpkin says:

    You are prob right, no chance they will actually work.

    That’s why a line has to be drawn. Right now, not enough jobs for everyone that wants to work, so they still have that excuse to receive welfare. But if we provide an opportunity to survive by working for your food, there is no reason someone should be doing nothing with their life and still surviving. I have no remorse for someone given an opportunity to work, but chooses not to. They can starve to death for all I care if they choose not to work.

    Ben says:
    February 11, 2016 at 4:36 pm
    Pumpkin. Do you honestly believe they will work?

  111. The Great Pumpkin says:

    Agree 100%

    Anon E. Møøse, Who never bit anyone’s sister says:
    February 11, 2016 at 4:45 pm
    Ben [108];

    Maybe they won’t work, but they will stop cashing gubmint checks. That’s up to them, and frankly, I don’t care. Recent example in Maine: 80% reduction in able-bodied food-stamp rolls when recipients were required to work. Tells me they were merely working under the table and “supplementing” their income.

  112. njtownhome guy says:

    The market was crazy today, but NJ realtors are crazier. When the realtors get desperate here is how they show the pictures

    Check out the pictures for the listing http://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=1604952

    In case somebody takes away, I took a snapshot: http://prntscr.com/a22h7o

  113. Grim says:

    Wow thanks I appreciate it.

    For the next month nobody give Punkin any crap, because he paid for it.

  114. Ben says:

    Ben…raised beds are overrated. Though I would agree with most of your other precautions. I would also put the necessary timing at closer to 30 minutes per day for the average family garden. Now why the heck can’t I get my blueberries to produce more than a couple berries per bush?

    I like them better. Better drainage and roots grow easier. Also, easier to contain. But the biggest advantage is I can custom make my soil. Your blueberries are probably just not getting the right nutrients.

    I pretty much grow everything in compost (it’s free in Lawrenceville). I add a rock dust called Azomite to it which contains every mineral needed. I also add some lime to it to set the appropriate pH of my soil. I use seaweed spray fertilizer. I find that using this combo, I can grow a minimum of 3 times as much as everyone else in a given growing area. And I can pretty much grow any plant in that medium.

    Not an exaggeration, 2 years ago, from 4 cucumber plants, I produced 175 cucumbers.

    I would just cover the whole blueberry area in compost and aerate the soil so that it falls in. Then, some sort of mineral supplement like Azomite works wonders.
    I’m pretty sure you

  115. Ben says:

    Maybe they won’t work, but they will stop cashing gubmint checks. That’s up to them, and frankly, I don’t care. Recent example in Maine: 80% reduction in able-bodied food-stamp rolls when recipients were required to work. Tells me they were merely working under the table and “supplementing” their income.

    No doubt. But realistically, gardening isn’t a lucrative activity. I have no doubt that if we reduce food stamps and welfare, more people go to work. I know so. I was referring to people in the ghetto walking upstairs and pulling weeds. It ain’t gonna happen.

  116. Juice Box says:

    Re:114 – yeesh Grim is now on the take.

  117. relo says:

    Grim, et al,

    Thanks. I’ll let you know what results.

  118. Ragnar says:

    Maybe punkin forgot where to put the decimal and accidentally donated $2000 instead of 20.00.

  119. chicagofinance says:

    olive, or safflower for frying…….stay away from corn

    Opportunist says:
    February 11, 2016 at 9:41 am
    I know nothing about the stock market but something tells me this may be the time to buy some Oil. Anyone know the best way to go about that?

  120. chicagofinance says:

    I always knew you were a Nickleback fan…….scrub…..

    Essex says:
    February 11, 2016 at 4:10 pm
    Are we having fun yet…?

  121. Leave No Billionaire Behind (the good one) says:

    I’d say that a contribution should not entitle anybody to freely insult you.

    feel strongly about it as you seem to be an honorable dude

    grim says:
    February 11, 2016 at 11:41 am
    Why am I getting insulted, in my own house, by someone who hasn’t ever contributed a single penny to keeping this blog up and running?

  122. Gold. Endorsed by Bebo.

    Look back 20 years on gold, folks. 2010-13 ain’t but a blip on that chart.

  123. The Great Pumpkin says:

    “I’ve made the difficult call for a gas tax increase to fund transportation because it’s the right thing to do for our state. No one wants to pay more at the pump, but the alternative is much more costly. And I support coupling it with ideas such as phasing New Jersey’s estate tax to match the national level, and finding ways to exempt retirement income from the income tax. I’m ready to compromise.”

    http://www.nj.com/opinion/index.ssf/2015/12/nj_property_taxes_will_only_increase_without_solvi.html

  124. I can’t believe platinum is being left in the dust. Platinum had a hight of $2200, I think, in 2008 and historically is always higher than gold. Hell, the US mint doesn’t even make platinum coins anymore.

  125. The Great Pumpkin says:

    No prob. Appreciate all that you do. We need more grims in this society.

    Grim says:
    February 11, 2016 at 5:33 pm
    Wow thanks I appreciate it.

    For the next month nobody give Punkin any crap, because he paid for it.

  126. Leave No Billionaire Behind (the good one) says:

    and more Michaels too

    The Great Pumpkin says:
    February 11, 2016 at 7:15 pm
    No prob. Appreciate all that you do. We need more grims in this society.

    Grim says:
    February 11, 2016 at 5:33 pm
    Wow thanks I appreciate it.

    For the next month nobody give Punkin any crap, because he paid for it.

  127. expat (125)-

    I suppose you could use platinum as money, but it really isn’t money.

    Gold is money.

  128. Pumpty bitch tries to buy some shut up here.

  129. The Great Pumpkin says:

    I would never take away your right to bash me. If I deserve it, let me have it.

    Splat What Was He Thinking says:
    February 11, 2016 at 7:27 pm
    Pumpty bitch tries to buy some shut up here.

  130. The Great Pumpkin says:

    Thank you, anon. Don’t stop fighting for what you believe in. I enjoy your middle finger to the establishment spirit that you bring to the table each and every day.

    Leave No Billionaire Behind (the good one) says:
    February 11, 2016 at 7:23 pm
    and more Michaels too

    The Great Pumpkin says:
    February 11, 2016 at 7:15 pm
    No prob. Appreciate all that you do. We need more grims in this society.

  131. anon’s middle finger is up his rectum. All the way. Both of them.

  132. Asia puking it up at the open.

    Got that tingly-all-over 2008-09 feeling again.

    Maybe Le Bernardin tomorrow night. Or Bar Boulud.

  133. Grim says:

    Sorry – this debate is worthless

  134. Grim says:

    Blueberry all about draining and ph – sand is a good addition, and raised beds if you are on clay.

  135. Libturd says:

    Why is Hillary dressed like the Gorton’s Fisherman?

  136. Essex says:

    121. reference to the market today…..have almost no experience with NicklBack

  137. I was thinking she was dressed more like a server in a Chinese restaurant that has a liquor license and a poo-poo platter.

    Why is Hillary dressed like the Gorton’s Fisherman?

  138. Clot – I suspect you are right. I bought many nice platinum coins from an octogenarian on eBay several years ago, probably averageing around $1800 per troy ounce. He was obviously the smarter man.

    expat (125)-

    I suppose you could use platinum as money, but it really isn’t money.

    Gold is money.

  139. Oh yeah, they are! Nikkei down almost FIVE per cent!

    Asia puking it up at the open.

    Got that tingly-all-over 2008-09 feeling again.

    Maybe Le Bernardin tomorrow night. Or Bar Boulud.

Comments are closed.