Existing home sales show strong performance in January

From Bloomberg:

Sales of Existing U.S. Homes Rise to Second-Highest Since 2007

Sales of previously owned U.S. homes unexpectedly rose in January to the second-highest pace since early 2007, indicating the industry will keep prospering.

Closings, which usually take place a month or two after a contract is signed, advanced 0.4 percent to a 5.47 million annual rate, the National Association of Realtors reported Tuesday in Washington. Prices climbed from January 2015 as the number of dwellings on the market fell.

Near record-low mortgage rates, steady job gains and better wage growth are helping encourage prospective buyers, including first-time purchasers. Further strengthening in residential real estate will support the economy and make up for weakness in manufacturing tied to weaker global growth.

“Consumers are pretty keen to purchase a home,” said Gennadiy Goldberg, an economist at TD Securities in New York. “Slow and steady growth is what we want. It’s really positive for the U.S. economy in general.”

The January sales pace was the second-strongest since February 2007. The median forecast of economists surveyed by Bloomberg called for a 5.33 million annualized rate, with estimates ranging from 5.08 million to 5.55 million. December’s pace was revised to 5.45 million from an originally reported 5.46 million.

Compared with a year earlier, purchases increased 7.5 percent in January before adjusting for seasonal variations.

The median price of an existing home rose 8.2 percent from January 2015 to $213,800. The appreciation was led by an 8.7 percent year-to-year advance in the Midwest and an 8.5 percent gain in the South.

This entry was posted in Economics, Housing Recovery, National Real Estate. Bookmark the permalink.

142 Responses to Existing home sales show strong performance in January

  1. grim says:

    From CNBC:

    Home prices rise 5.7% in December: S&P/Case-Shiller

    Home prices in major metropolitan areas continued to rise in December, though the gains came in slightly behind expectations.

    The S&P/Case-Shiller 20-City Home Price Composite increased 5.7 percent from the same time in the previous year, versus analyst estimates for a 5.9 percent increase.

    “While home prices continue to rise, the pace is slowing a bit,” David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, said in a statement.

    “Seasonally adjusted, Miami had lower prices this month than last and 10 other cities saw smaller increases than last month.”

    The best year-over-year gains continued to be centered in Portland, Oregon, San Francisco, and Denver. Home prices were up 11.4 percent in Portland in December, while San Francisco and Denver both saw better than 10 percent gains.

    The S&P Case-Shiller U.S. National Home Price Index, which measures all nine U.S. census divisions, was up 5.4 percent year over year in December.

  2. grim says:

    Clearly it’s the rich who do not pay their fair share, from Marketwatch:

    45% of Americans pay no federal income tax

    Many Americans don’t have to worry about giving Uncle Sam part of their hard-earned cash for their income taxes this year.

    An estimated 45.3% of American households — roughly 77.5 million — will pay no federal individual income tax, according to data for the 2015 tax year from the Tax Policy Center, a nonpartisan Washington-based research group. (Note that this does not necessarily mean they won’t owe their states income tax.)

    Roughly half pay no federal income tax because they have no taxable income, and the other roughly half get enough tax breaks to erase their tax liability, explains Roberton Williams, a senior fellow at the Tax Policy Center.

    Despite the fact that rich people paying little in the way of income taxes makes plenty of headlines, this is the exception to the rule: The top 1% of taxpayers pay a higher effective income-tax rate than any other group (around 23%, according to a report released by the Tax Policy Center in 2014) — nearly seven times higher than those in the bottom 50%.

    On average, those in the bottom 40% of the income spectrum end up getting money from the government. Meanwhile, the richest 20% of Americans, by far, pay the most in income taxes, forking over nearly 87% of all the income tax collected by Uncle Sam.

  3. grim says:

    Income level Share of total federal
    individual income tax paid Average income tax bill
    per person
    Lowest 20% -2.2% -$643
    Second lowest 20% -1.7% -$621
    Middle income 4.2% $1,743
    Second richest 20% 12.9% $6,285
    Richest 20% 86.8% $50,176

  4. Essex says:

    2. but…,but…..priviledge

  5. grim says:

    So …. the top 40% income pay 99.7% of all federal income taxes? Wow.

  6. We don’t tax the poor enough.

  7. grim says:

    cue twitter cut and paste

  8. grim says:

    “They built this” seems more appropriate than “We built this”

  9. grim says:

    From the Record:

    $69.2 million headed to N.J. to help distressed homeowners

    More federal aid is on the way for New Jersey homeowners who struggle to make their mortgage payments. Sen. Robert Menendez and Sen. Cory Booker said Wednesday that $69.2 million has been awarded to the state from the U.S. Treasury’s Hardest Hit Fund to help homeowners avoid foreclosure.

    While the worst of the foreclosure crisis has passed nationwide, New Jersey continues to face some of the nation’s highest levels of housing distress because foreclosures were delayed in the state while the mortgage industry answered allegations of wrongdoing. Now, the industry is dealing with a backlog of troubled properties.

    The Hardest Hit Fund was created in 2010 to provide $7.6 billion in aid to 18 states, including New Jersey, that suffered the most in the housing crash and economic downturn. New Jersey already has received about $300 million in aid, most of which has been used by the state Housing and Mortgage Finance Agency to help about 6,000 homeowners in danger of losing their homes because of job losses.

    The $69 million is from a $1 billion round of funding. New Jersey also is eligible to apply for an additional $150 million this winter. As of late last year, $4.5 billion of the original $7.6 billion allocated nationwide to the Hardest Hit Fund had been used.

  10. Ragnar says:

    Warren Buffett helped create this urban legend. For the last few years I’ve been paying a total of over 40% taxes, while nitwit wards of the state protest that I’m not paying my “fair share” spitting their invective at those who fund their miserable existence.

  11. grim says:

    GOD DAMMIT WHERE IS THE TWITTER

  12. Ragnar says:

    Grim,
    What’s your take on home prices now? Green, yellow, red? Don’t say every market is different.

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

    @SenSanders

    It’s outrageous that we give tax breaks to billionaires, yet we continue to have the highest rate of childhood poverty of any major country.

  14. Ottoman says:

    “Clearly it’s the rich who do not pay their fair share, from Marketwatch”

    Of course the working poor still pay payroll taxes (soc sec, Medicare) and state income and sales taxes even if they don’t make enough to go over the deduction threshold for fed taxes. Same for the lower incomed self employed who still get Sh!tloads of deductions like 57 cents a mile that drop them below the threshold. I guess you also expect Grammy and gramps to get off their lazy azzes and earn an income too since a lot of those households are retired people.

    Btw, this stat came out last fall, must be a slow news day in teabillyville.

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

    same thing with teachers. y’all falling over yourselves 2 defend the Billionaire class and attack the working class

    right wingers hatred for the “common man” is a veil covering their nihilistic rage and envy toward anyone who has achieved some measure of success in life.

    grim says:
    February 24, 2016 at 8:46 am
    I know plenty of NJ cops who retired pretty young and moved out west – who are currently employed full time as cops. Pretty sure they are making well north of $100k a year, with full bennies, double health coverage, etc. Way north of that if you include spouses still working. If you thought it was only dirty wall street bankers who owned $300,000 powerboats, you are incorrect. I feel like a sucker for not doing this too, as I had the chance. The thing is, I talk about it like this in the open, even though I know them, because even they talk like this about it in the open.

    It’s perfectly legal, what’s the problem of taking all advantages provided?

  16. grim says:

    Prices go up now.

  17. grim says:

    is a veil covering their nihilistic rage and envy toward anyone who has achieved some measure of success in life.

    Huh? Pretty sure you just described yourself, and not me.

  18. yome says:

    Just to be clear, HOUSEHOLD income above $30,000 pays FED Income tax. Yet,we refuse to raise the Minimum Wage to bring up an HOUSEHOLD INCOME of at least $30,000.
    Not only the poor don’t pay taxes,including the rich,with so much deductions

    Household income distribution

    Bottom 20% $0 to $18,500
    Bottom 25% $0 to $22,500

    Middle 33% $30,000 to $62,500
    Middle 20%$35,000 to $55,000

    Top 25% $77,500 and up
    Top 20%$92,000 and up
    Top 5% $167,000 and up
    Top 1.5% $250,000 and up
    Top 1% $350,000 and up

  19. grim says:

    It’s outrageous that we give tax breaks to billionaires, yet we continue to have the highest rate of childhood poverty of any major country.

    The Pulitzer Prize winning Politifact says “Mostly False”:

    http://www.politifact.com/truth-o-meter/statements/2015/jul/08/bernie-s/sanders-child-poverty-higher-america-any-other-maj/

  20. yome says:

    45% of Americans is making less than $22,500 and not paying Federal tax , how can it be false for America to have higher Childhood Poverty compared to other develop Countries?

  21. 1987 Condo says:

    #20..Perhaps SNAP, Medicaid, EITC, and other “transfers”…Kotlikoff has written that these societal transfers equate to an annual household income of $60,000.

    http://kotlikoff.net/sites/default/files/Does%20It%20Pay,%20at%20the%20Margin,%20to%20Work%20and%20Save.pdf

  22. yome says:

    Does it makes sense to increase minimum wage to eliminate or decrease this Transfers?
    At a Household income of $30,000 they will be paying Fed Tax,Limit Transfers,Pay portion of ACA. I understand that they (employee) will want a lower income to benefit from this Transfers.But we can eliminate that by increasing their salary. We will be saving almost $30,000 a year from paying this transfers.No?

  23. Fabu [128, prev thread];

    As we have seen over and over, the market will quite happily support a rigged games.

    HA! I almost snarfed my coffee. You contend that government solves this problem?

    If the market “will quite happily support a rigged game,” the government gleefully CREATES the rigged games. The only difference is that in the market, the leftists aren’t the ones in charge — in government they are.

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

    description wasn’t for you.

    “It’s perfectly legal, what’s the problem of taking all advantages provided?” is a valid point and that’s why i used your post

    I’m describing all your friends in here, particularly rags

    there.

    grim says:
    February 25, 2016 at 7:39 am
    is a veil covering their nihilistic rage and envy toward anyone who has achieved some measure of success in life.

    Huh? Pretty sure you just described yourself, and not me.

  25. grim says:

    Increasing minimum wage means that one person is better off, and one person is worse off. It doesn’t eliminate transfers, it just shifts them.

    What we need to do is create legislation to create new jobs, not legislate additional burdens to job creation.

  26. The Great Pumpkin says:

    How many of these people are cheating the system through the underground economy, or lack the work ethic to get the skills to improve their lot in life? I used to defend these people, not anymore.

    yome says:
    February 25, 2016 at 7:47 am
    45% of Americans is making less than $22,500 and not paying Federal tax , how can it be false for America to have higher Childhood Poverty compared to other develop Countries?

  27. Con’t [23];

    Talking of Scalia and Ironies, for someone who wrapped himself up with the Framers, he trampled over them in Bush vs. Gore

    Because nothing screams “Equal Protection of the Law” like ‘counting’ the ballots of 5 heavily Democratic counties three times. Really, counselor?

    The outrage isn’t that the Democrats were stopped in Florida in 2000, but the extremes it took to do so. For example, they were right back at in in Washington state four years later — when the voters didn’t give them the “correct” result, they recounted, and recounted some more, until the ballots saw things their way.

    Or something as recent as the 2016 Democratic primaries, where “inevitable” Hillary squeaks out a tie by winning an improbable 6 of 6 coin flips in Iowa; or who loses NH in votes by a country mile, but wins over Sanders in the delegate count on the basis of party-boss “super-delegates”.

    Clearly the American left believes that elections are far too valuable to be left to the people to decide.

  28. The Great Pumpkin says:

    26- You have a tiny fraction of the 1% ripping everyone off and you have a majority of the bottom 45% of the population ripping everyone off. Then you have people like me in the top 5% of the income bracket (very close to the 1%) carrying all the weight for the majority of the population. My bracket is responsible for most of the taxes and productivity of this country. That’s what I get for having a work ethic and following the law instead of cheating the system. You have legions of urban poor in nj with the mindset that things are actually free. Too ignorant to realize that nothing is free, someone is working to pay for that.

  29. yome says:

    What will this numbers be when Robots come to take the jobs?

  30. D-FENS says:

    Jesus, it’s not even 9AM and everybody here is freaking out.

  31. D-FENS says:

    Get a job in robot sales or robot repair.

  32. Bystander says:

    Sorry D-Fens. They’ll be robots doing the sales and repairs ;>)

  33. Captain Nom Deplume of the Adventure Men. says:

    I suggest voting for Sanders and filling the Senate with democrats.

    I also suggest investing in REITs specializing in high end real estate in Monaco and Tel Aviv, and shorting US banks.

  34. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Or robot pron.

  35. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Sanders can’t win. Too many businesses would have wasted their investment in the Clinton Foundation for it to happen.

  36. Captain Nom Deplume of the Adventure Men. says:

    [28] pumps

    After a brief period of capitalist pumpkin, occupy pumpkin is back.

  37. Captain Nom Deplume of the Adventure Men. says:

    [34] lib

    Actually, yes. Robotics and software to replace workers is an area I am looking hard at right now.

    Vulture investing is gonna have a new meaning in the future.

  38. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Occupy psych ward is more like it.

  39. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Nom…I’ve been looking too, but it’s all venture outside of a few kiosk makers.

  40. Captain Nom Deplume of the Adventure Men. says:

    [39] lib.

    I know 😞

  41. The Great Pumpkin says:

    Occupy pumpkin is never coming back!

    Captain Nom Deplume of the Adventure Men. says:
    February 25, 2016 at 8:56 am
    [28] pumps

    After a brief period of capitalist pumpkin, occupy pumpkin is back.

  42. grim says:

    Came across a very interesting argument against the FBI request to Apple. Some interesting commentary that the FBI does not actually need to access the San Bernadino shooter phone at all, it’s just using this case as it’s top of mind in public opinion, and they felt by associating it with San Bernadino it would increase the possibility of this getting forced through.

  43. I suggest owning physical gold, firearms and ammunition.

    That is all.

  44. D-FENS says:

    I swear Romney must owe some big establishment campaign donor a favor or something. Why on earth would he do what he did?

  45. The Great Pumpkin says:

    Let’s get this recession over already. Quicker we get it over with, quicker we get to the good times.

    http://www.bloomberg.com/news/articles/2016-02-25/citi-here-comes-a-global-recession

  46. joyce says:

    Raise interest rates, write off all the bad debt which has been papered over for 8 years, and accept the restructuring/liquidation that will take place (including the RE/Stock price decreases and dislocations).

    The Great Pumpkin says:
    February 25, 2016 at 9:46 am
    Let’s get this recession over already. Quicker we get it over with, quicker we get to the good times.

    http://www.bloomberg.com/news/articles/2016-02-25/citi-here-comes-a-global-recession

  47. joyce says:

    Oh yeah, and jail some people.

  48. Ragnar says:

    The bombshell is that Trump isn’t as successful a businessman as he leads everyone on to be. Would a really successful businessman need to put himself in a reality show and sell steaks through Sharper Image, etc? Those activities are more in line with those of washed up actors. Like these “get rich flipping real estate” – or “get rich trading futures”. Does anyone really think the genuinely skilled people are just dying to share their secrets with you for “free” or for $99?
    I suspect like a lot of real estate investors of sub-prime skill, there is a lot of debt, a lot of assets, and not a lot of net profit, depending on how the accounting is done. With property prices good at the moment, he ought to have mark to market assets above his debt, but might need to sell to really recognize profits, but you never really know until you actually sell the properties.

  49. joyce (46, 47)-

    You got a better chance of meeting the Pope than seeing any of that happen.

    Consequences are for the little people.

  50. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Trump is good at divorce, I’ve heard.

  51. joyce says:

    49
    yup

  52. The Great Pumpkin says:

    Agreed.

    Time for a real economy where savers serve their role and are justly rewarded for their role.

    joyce says:
    February 25, 2016 at 10:20 am
    Raise interest rates, write off all the bad debt which has been papered over for 8 years, and accept the restructuring/liquidation that will take place (including the RE/Stock price decreases and dislocations).

    The Great Pumpkin says:
    February 25, 2016 at 9:46 am
    Let’s get this recession over already. Quicker we get it over with, quicker we get to the good times.

    http://www.bloomberg.com/news/articles/2016-02-25/citi-here-comes-a-global-recession

  53. grim says:

    The bombshell is that Trump isn’t as successful a businessman as he leads everyone on to be

    People don’t actually believe this, do they?

  54. Essex says:

    Trump has a golden johnson

  55. D-FENS says:

    #WhichHillary top trend on twitter right now. Bernie Sanders supporters going for broke.

  56. D-FENS says:

    Why do you hate successful people Ragnar?

  57. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Trump is an expert at exploiting bankruptcy. Perhaps this makes him the ideal candidate considering our national debt?

  58. 3b says:

    #46 thank you Joyce. This is what I have maintained these last years. The fed intervened and stopped the j in 2008. However what you and I advocate will not happen. Period.

  59. Essex says:

    oxycontin pumpkin

  60. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Oxypumpkin

  61. Fabius Maximus says:

    #23 Moose

    No, what I a saying is that the view that the marketplace will regulate corporate behavior is as believable as Unicorns sh1tting Skittles.

  62. D-FENS says:

    Signing a recent tax return- isn’t this ridiculous?

    https://twitter.com/realdonaldtrump/status/702894623761498112

  63. Libturd questioning the gender of Hillary's Cankle fluid. says:

    The government could FAIRLY regulate government behavior, but not as long as it’s bought! Go Cankles!

  64. GOP'sbroken (the good one) says:

    @TheStalwart

    Trump is at a new high on on the betting markets

  65. The Great Pumpkin says:

    Def have a great sense of humor.

    Libturd questioning the gender of Hillary’s Cankle fluid. says:
    February 25, 2016 at 11:28 am
    Trump is an expert at exploiting bankruptcy. Perhaps this makes him the ideal candidate considering our national debt?

  66. D-FENS says:

    News you can use…(file under: “the government will protect you”)

    Fiercely anti-gun CA politician…who was arrested for brokering a deal to bring shoulder fired missiles and full auto rifles into the country…and sell them to the italian mafia…gets 5 years in prison (out in 2?)

    http://www.latimes.com/local/lanow/la-me-ln-yee-sentence-20160223-story.html

  67. GOP'sbroken (the good one) says:

    Ivanka for VP?

  68. Fabius Maximus says:

    #27 Moose

    The fact that only Dem districts were requested or the number of recounts were not the issue. The issue was that there was no standard across the state. The Justices gave a decision with no Remedy, when they should have kicked it back down to the lower court and told them to get their state in order.
    Instead they injected the court into the process and bloodied themselves in a partisan fight. Two if not four of the majority should have recused themselves.
    Bush was he11 bent on stopping any recount to preserve his lead. We can say with hindsight that 9 ways out of 10 Bush wins the recount. Do we got the right result for the wrong reason.

  69. Fabius Maximus says:

    #68

    Did we get the right result for the wrong reason. Darn auto correct.

  70. joyce says:

    Did we get the right result (debatable) for the wrong reason. You mean like every time a judge interprets something out of whole cloth.

  71. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Glen Ridge got an extra $22,000 this year. Woohoo!

    http://www.njspotlight.com/tables/sklaid1617/#/c01/ESSEX

  72. Fast Eddie says:

    Can you imagine if Bernie Sanders decides to run as a third party candidate after they anoint Hellary as the party’s nomination? If Trump is the nominee on the Republican side, Sanders could actually squeak out a win.

  73. So …. the top 40% income pay 99.7% of all federal income taxes? Wow.

    That sounds about right. The fair share of the bottom 60% is zero. Maybe we should give them some free college too.

  74. HouseWhineWine says:

    #28- co-worker of mine telling me he doesn’t care one bit about his utilities bill. He said he wastes energy and water all the time. Doesn’t matter, someone else is paying for it, his landlord. I guess that when that’s your mindset, it spreads to other financial parts of your life too.

  75. You’re not thinking outside the box gary. Trump chooses Sanders as his running mate, tasks him with turning No Child Left Behind into a Federal Charter School System that gives kids an MBA from Wharton Business School at age 18 and diplomas are replaced by autographed copies of the The Art of the Deal. Make American Children Great Again!

    Can you imagine if Bernie Sanders decides to run as a third party candidate after they anoint Hellary as the party’s nomination? If Trump is the nominee on the Republican side, Sanders could actually squeak out a win.

  76. This is a legitimate conference, but everything about it makes me think of The Sopranos:

    RYE, N.Y.–(BUSINESS WIRE)–Gabelli & Company will host its Inaugural Waste & Environmental Services Symposium on February 27 in New York City. This research meeting will feature presentations and fireside chats with senior management of several publicly traded solid waste companies. Fireside chats and one-on-one meetings will take place from 8:00 a.m. to 12:00 p.m. EST. Institutional investors should contact their Gabelli & Company sales representative to register.

    Participating Companies
    Alter NRG Corp TSE – NRG
    Casella Waste Systems Inc. NASDAQ – CWST
    Covanta Holding Corp NYSE – CVA
    Quest Resource Holding Corp NASDAQ – QRHC
    Republic Services, Inc. NYSE – RSG
    Waste Connections, Inc. NYSE – WCN
    Waste Management, Inc. NYSE – WM

  77. Fast Eddie says:

    ExPat,

    I aspire to be a visionary. :)

  78. jcer says:

    57, Trump actually is a good business man. He lacks ethics and obviously will hock anything to make a buck. He also is aggressive and a risk taker, hence the leverage and bankruptcies. But he made some very shrewd deals on good real estate and the Trump organization has had some success in actually running some projects. Trump has realized that his preposterous persona is a valuable asset and he can make a big buck slapping his name on crummy condos.

  79. Doesn’t it seem like the RNC suddenly has their fist up Romney’s a$$, working him like a puppet?

  80. jcer says:

    71 that is an interesting table, somehow Millburn is getting school aid? Also 3/4 of a billion to Newark, cripes.

  81. The Great Pumpkin says:

    Bingo. No concept that free doesn’t exist. Free means someone is working to help you. Due to their backwards mindset, they are unable to appreciate the help, so why give the help? It’s utterly useless. I can’t believe I used to support this crap.

    Btw, I make my tenants pay for their own utilities for this reason.

    HouseWhineWine says:
    February 25, 2016 at 1:38 pm
    #28- co-worker of mine telling me he doesn’t care one bit about his utilities bill. He said he wastes energy and water all the time. Doesn’t matter, someone else is paying for it, his landlord. I guess that when that’s your mindset, it spreads to other financial parts of your life too.

  82. NJGator says:

    Lib 71 – While Newark got an extra $26,753,532

  83. Libturd questioning the gender of Hillary's Cankle fluid. says:

    “Make American Children Great Again!”

    This only works if they were great at some point in the past.

  84. Fast Eddie says:

    This only works if they were great at some point in the past.

    The Reagan years was the last hurrah.

  85. Fast Eddie says:

    Trump would actually surprise people and get something done. I mean, look at the f.ucking l0ser we’ve been stuck with for the last seven years. It could only get better and Trump would actually negotiate and create allies on the hill. Oblama has no allies at all.

  86. Essex says:

    72. from the guy that keeps pinups of Hillary on his wall.

  87. Anon E. Moose says:

    Gourd [82];

    Btw, I make my tenants pay for their own utilities for this reason.

    Last time I was looking for a rental, “utilities included” on a craigslist ad was a dead giveaway that the place was an illegal split.

  88. Fast Eddie says:

    Essex [87],

    I’m not into men.

  89. (whispering) it’s not a real program, it’s just to win the election. We’ve establishied previously that no amount of money or school programs can fix what’s wrong in the home. Isn’t it funny how Asians don’t seem to be included in the discussion of racial inequality? I wonder what the difference could be? Maybe two parents at home, one or both employed, emphasis on education as in showing up at school every day with your homework done?

    “Make American Children Great Again!”

    This only works if they were great at some point in the past.

  90. Fast Eddie says:

    Isn’t it funny how Asians don’t seem to be included in the discussion of racial inequality? I wonder what the difference could be? Maybe two parents at home, one or both employed, emphasis on education as in showing up at school every day with your homework done?

    Post of the year, so far.

  91. I think the best included utility should be cable TV. JJ mentioned a long time ago a guy who owned an apartment building where cable was included in the rent. If the rent wasn’t paid by the 5th the cable got shut off until you paid up.

  92. Bystander says:

    Fast,

    Republican establishment hates him. The Dems will never assist passing any of his initiatives. All his hot air during campaign will go nowhere and we will be left with ineffective media freakshow for 4 years. Americans will get tired his schtick then realize you can’t cancel his show or even change the channel.

  93. Republican establishment hates him. Yes
    The Dems will never assist passing any of his initiatives. Unknown

  94. [93] BTW, Obama was the real freak show. He showed in year one that his only strong suit is getting a job, not actually leading. He came into office with majority in both houses and then the Dems just split up like paramecium into uber-ultra-left, standard-ultra-left, left, and moderate and couldn’t get anything done either.

  95. Alex says:

    Kohl’s is shuttering 18 stores, says it’s the first time in its 52 year history that it will close multiple stores at once.

  96. yome says:

    David Duke of the 3K is for Trump. Voting against Trump is “Treason to your Heritage”

  97. walking bye says:

    Speaking of utilities, while at NY bar a guy strikes up a conversation up landlording and he mentioned something about in NY State landlords need to pay the water bill. Something about a law that if tenants pay the water bill the landlord could loose the home to the tenant. I’ve never heard of this, the guy seemed sketchy, and the final red flag alert he was looking for a business partner to invest in homes with him. Love how these guys think a couple of beers and what the hell I’ll co-sign a loan for you.

    Anyone ever heard of this ” landlord water utility law” thing?

  98. walking bye says:

    Robots. From what I have read robots apparently will not work for less than $20/hr. Even they are insulted doing menial work. The article clearly said according to the council of economic advisors “most jobs currently done by humans for $20/hr will be filled by robots”

  99. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Anon should apply to be a robot. That $20 an hour is even better than the $15 he was looking forward to.

  100. Libturd questioning the gender of Hillary's Cankle fluid. says:

    If Cankles wins, I wonder if Bill will know what to do with the victory cigar?

  101. Juice Box says:

    Yikes Trump leads Rubio 44% to 28% in Florida, according to a Quinnipiac University poll of Florida released Thursday.

  102. Bystander says:

    Pat,

    I can assure you that he will not accomplish the following things in 4 years:

    -Building a wall around MX and getting them to pay for it
    -banning Muslims from entering country
    -Deporting 11 million illegals
    -Repealing and replacing Obamacare
    -Changing the tax code significantly

    Now, what exactly will he do? No one has a clue but lots of folks are willing to roll the dice. Just set your expectations. It will not be pretty. We are in uncharted terriotory.

  103. Fast Eddie says:

    Trump knows what a wh0re wants and every congressmen is a wh0re. All he needs to do is ask them what they need to placate their constituents and he’ll get what he needs for his agenda for the country. That’s business and it’s what the arrogant f.uck occupying the White House will never understand.

  104. Essex says:

    96. What part of internet doesn’t anyone get?

  105. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Trump has no agenda. His agenda is to feed his ego and perhaps to expand the loopholes he is so great at exploiting. His campaign represents the anger and resentment in of most of his party members.

    Sadly, it will be Cankles in 2016. Maybe the Clinton’s can find some other occupations which they can ship overseas?

  106. Essex says:

    104. I’d say Obama fell short in a few areas, but he certainly isn’t a pro-business type. Strangely enough though you have a stock market that performs much better historically when the blue party is in the white house. Worrisome.

  107. Essex says:

    While the DEMS are into price control for pharma, are the conservatives still gung ho on killing any innovation visa vis genetic research.

  108. Fast Eddie says:

    Sadly, it will be Cankles in 2016.

    Aside from the terrible sound of her voice, she can’t even bullsh1t well. That’s innate and she’s horrible at it. Every time she attempts to show care and compassion, it’s a mockery.

  109. Ragnar says:

    Fast Eddie,
    Sadly the Asians are now buying into the race-victim mentality too. Social media is now alive with them stamping their feet over the incompetent Peter Liang cop who shot that guy, now they protest the manslaughter conviction blaming it on “white privelige”.
    For some reason they are rallying around this twit girl who mouths all the SJW she just learned in college. Check out this embedded video.

    http://www.thecoli.com/threads/update-chinese-protesting-for-peter-liangl-chinese-protester-interview-in-op.402840/page-14

  110. Essex says:

    She is awkward.

  111. Ragnar says:

    Looks like 4 more years of it being physically impossible for me to watch the state of the union address without the Clockwork Orange eye-openers.

  112. yome says:

    When Trump said something about GWB lying about WMD,Why was the R establishment hell bent “that line is for D Party”? He is not a true Conservative. Maybe,the lies they are protecting dont go with the R voters anymore. This is clearly a revolt against the R Establishment but they keep on repeating the same mistakes.

  113. yome says:

    China warned the United States on Wednesday not to adopt punitive currency policies that could disrupt U.S.-China relations after Donald Trump’s win in the Nevada caucus.

    Foreign Ministry spokeswoman Hua Chunying told reporters in Beijing that “we are following with interest the U.S. presidential election.”

    Hua was asked about China’s response to a possible Trump presidency and his announced plan to punish China for currency manipulation with a tax on Chinese goods.

    “Since it belongs to the domestic affair of the U.S., I am not going to make comments on specific remarks by the relevant candidate,” she said.

    “But I want to stress that China and the U.S., as world’s largest developing and developed countries, shoulder major responsibilities in safeguarding world peace, stability and security and driving world development,” the spokeswoman added.

    “The sustained, sound and steady growth of China-U.S. relations serves the fundamental and long-term interests of the two countries and benefits the world. We hope and believe that the U.S. government will pursue a positive policy toward China in a responsible manner.”

    The comments came as Wang Yi, the Chinese foreign minister, is holding talks in Washington that include U.S. concerns about a Chinese military buildup on disputed islands in the South China Sea, and cooperation on dealing with North Korea’s nuclear and missile provocations.

    Hua said Wang and Secretary of State John Kerry agreed the two sides will enhance cooperation and increase talks and exchanges.

    “We stand ready to preserve and advance China-U.S. relations together with the U.S. side,” she said.

    Kerry said he spoke to Wang about reducing tensions and finding diplomatic solutions to competing South China Sea claims.

    “We want there to be a halt to the expansion and militarization of occupied features,” Kerry said. “Everyone benefits by true demilitarization, non-militarization.”

    Kerry also said the United States remains committed to freedom of navigation and overflight, “something which China says it does not stand in the way of; it agrees that there should be peaceful freedom of navigation.”

    Reports from Asia say Chinese state-run media have been ordered by the Communist Party to minimize reporting on the U.S. presidential election.

    Hong Kong’s Chinese-language news outlet Oriental Daily reported Feb. 5 that the Party’s Propaganda Department, which sets policies for all state-run media, ordered all publications to ban election coverage of U.S. policies toward China and to focus election coverage on negative stories and scandals.

    Trump won the Nevada caucus with 45 percent of the vote, increasing his chances of winning the Republican nomination later this year.

    Last month, Trump vowed to impose a 45 percent tariff on Chinese good to offset China’s devaluation of the yuan.

    “They’re devaluing their currency, and they’re killing our companies,” Trump said. “We are letting them get away with it, and we can’t let them get away with it.”

    The Obama administration has adopted conciliatory policies toward China on trade and currency issues.

    Trump, on his campaign website, outlined a hardline approach to dealing with China that involves officially declaring China a currency manipulator and negotiating an end to the practice.

    Trump also wants to thwart China’s theft of intellectual property and adopt policies aimed at bring jobs back from overseas to the United States.

    Bolstering the U.S. military and “deploying it appropriately in the East and South China Seas” are other goals.

    “These actions will discourage Chinese adventurism that imperils American interests in Asia and shows our strength as we begin renegotiating our trading relationship with China,” the Trump website states. “A strong military presence will be a clear signal to China and other nations in Asia and around the world that America is back in the global leadership business.”

  114. The Great Pumpkin says:

    Dead on!

    Anon E. Moose says:
    February 25, 2016 at 2:43 pm
    Gourd [82];

    Btw, I make my tenants pay for their own utilities for this reason.

    Last time I was looking for a rental, “utilities included” on a craigslist ad was a dead giveaway that the place was an illegal split.

  115. The Great Pumpkin says:

    I pay the water, but I have never heard of this before. So I doubt this guy knows what he is talking about, but then again, I have never dealt with ny state landlord laws.

    walking bye says:
    February 25, 2016 at 3:37 pm
    Speaking of utilities, while at NY bar a guy strikes up a conversation up landlording and he mentioned something about in NY State landlords need to pay the water bill. Something about a law that if tenants pay the water bill the landlord could loose the home to the tenant. I’ve never heard of this, the guy seemed sketchy, and the final red flag alert he was looking for a business partner to invest in homes with him. Love how these guys think a couple of beers and what the hell I’ll co-sign a loan for you.

    Anyone ever heard of this ” landlord water utility law” thing?

  116. The Great Pumpkin says:

    To sum it up, if you don’t like people that don’t have a work ethic or a sense for the role of education in improving your life……you sir are a racist. What the hell is our world coming to?

    Can’t question this because you are a racist. Now go give something free, that will not be appreciated, so we stop calling you racist.

    The Original NJ ExPat says:
    February 25, 2016 at 2:50 pm
    (whispering) it’s not a real program, it’s just to win the election. We’ve establishied previously that no amount of money or school programs can fix what’s wrong in the home. Isn’t it funny how Asians don’t seem to be included in the discussion of racial inequality? I wonder what the difference could be? Maybe two parents at home, one or both employed, emphasis on education as in showing up at school every day with your homework done?

  117. The Great Pumpkin says:

    If this is the case, there is no hope for society. When everyone is a victim, we all lose.

    Ragnar says:
    February 25, 2016 at 4:23 pm
    Fast Eddie,
    Sadly the Asians are now buying into the race-victim mentality too. Social media is now alive with them stamping their feet over the incompetent Peter Liang cop who shot that guy, now they protest the manslaughter conviction blaming it on “white privelige”.
    For some reason they are rallying around this twit girl who mouths all the SJW she just learned in college. Check out this embedded video.

    http://www.thecoli.com/threads/update-chinese-protesting-for-peter-liangl-chinese-protester-interview-in-op.402840/page-14

  118. The Great Pumpkin says:

    Should be interesting. Something has to be done about the theft of intellectual property.

    “Trump, on his campaign website, outlined a hardline approach to dealing with China that involves officially declaring China a currency manipulator and negotiating an end to the practice.

    Trump also wants to thwart China’s theft of intellectual property and adopt policies aimed at bring jobs back from overseas to the United States.

    Bolstering the U.S. military and “deploying it appropriately in the East and South China Seas” are other goals.

    “These actions will discourage Chinese adventurism that imperils American interests in Asia and shows our strength as we begin renegotiating our trading relationship with China,” the Trump website states. “A strong military presence will be a clear signal to China and other nations in Asia and around the world that America is back in the global leadership business.””

  119. The Great Pumpkin says:

    “Why would buyers target their search below the local median listing price? Eric Scharnhorst, the Redfin data scientist who compiled the numbers, thinks it’s more likely that buyers are adapting their pricing strategies to hot markets where bidding contests have become the norm. “In a city where you need to compete, you start looking at homes for $280,000 with the exception that you’ll wind up spending $20,000 more,” he said. A simpler theory: In these markets, more people want to buy relatively cheap homes, even though few are available. Whatever the reason, homebuyers in the most competitive markets seem to be abandoning the urge even to peek at the high ceilings, Italian appliances, and outdoor kitchens of their fantasies. ”

    http://www.bloomberg.com/news/articles/2016-02-25/homebuyers-in-pricey-markets-are-now-scared-to-dream

  120. The Great Pumpkin says:

    Our society is a joke. It’s 2016, and still focusing on a human being’s race. WTF?

    A little tip for the “black lives matter” movement, “black dads matter!” Or better yet, “education makes lives better.” Concentrate on that if you want to make a difference.

    “Facebook Inc. has invested heavily the past few years in efforts to hire a more diverse workforce. But those efforts don’t guarantee a socially accepting workplace.

    Chief Executive Officer Mark Zuckerberg issued a companywide memo Thursday chastising employees who, despite his earlier warnings, have been crossing out the phrase “black lives matter” and writing “all lives matter” on Facebook’s free expression walls at its Menlo Park, California, campus. In the memo, published earlier by Gizmodo, Zuckerberg notes that he has never had to make rules about what can be written on the chalkboards — but he considered these acts “malicious.”

    “This has been a deeply hurtful and tiresome experience for the black community and really the entire Facebook community, and we are now investigating the current incidents,” he told employees in an internal company posting. He explained that “black lives matter” doesn’t mean other lives don’t. “It’s simply asking that the black community also achieves the justice they deserve.”

    Facebook’s workforce is only 2 percent black, despite efforts to recruit and retain diverse candidates. The incident is the latest display of an employee culture at a major technology company at odds with its diversity goals. Twitter Inc. in July scolded employees for holding a fraternity-themed party as the company faced a class-action complaint for gender discrimination.”

    http://www.bloomberg.com/news/articles/2016-02-25/zuckerberg-to-employees-stop-crossing-out-black-lives-matter

  121. ccb223 says:

    Trump – a national embarrassment. That is all.

  122. joyce says:

    I guess that makes him even with all of our politicians

    ccb223 says:
    February 25, 2016 at 8:13 pm
    Trump – a national embarrassment. That is all.

  123. D-FENS says:

    I think Trump needs to call and thank Jorge Ramos and Vincente Fox. I mean what the fcuk. They just handed Texas to him.

    Dude responded by saying he would build the wall ten feet higher.

  124. Fabius Maximus says:

    #70 Joyce

    You really need to change your one note stick here.
    We get what you don’t like, police, Judicaila systems and the general Rule of Law.

    Now its time to step to the plate to say what you want the Judiciary to be. More importantly, how you think they can get there. How can they follow a path to your Judicial Nirvana.

  125. Fabius Maximus says:

    That was an awesome debate. Lots of fun and Trump left bleeding. In the end its not going to move the needle, but reinforces my view that Kasich is the only one electable.

    PS. Ben Carson, please exit Stage Right!

  126. the Original NJ ExPat says:

    [128]Gluteus, you are among the deluded. Shocker.

  127. Fabius Maximus says:

    #129 Expat

    Feel free to explain.

  128. the Original NJ ExPat says:

    [128] I take that back. Kasich is still highly electable. Trump-Katich. Notice how they don’t go at each other ever, except for Trump saying that they struck oil?

  129. joyce says:

    126
    I’m sure there are others who don’t remember previous comments & conversations, but you are definitely near the top of that list. I’ve previously mentioned several things that can begin to reverse the tide (eliminating their self-granted immunity to name one).

    I’ll keep my shtick thank you very much.

  130. D-FENS says:

    The debate doesn’t matter. Most primary voters don’t even care enough to watch it.

    Debates happen here…and on Twitter and Instagram and face book.

    Trump makes them look like fools online.

  131. Fabius Maximus says:

    132 Joyce

    I don’t get “self-granted immunity ” Please explain?

  132. Fabius Maximus says:

    Joyce
    “I’m sure there are others who don’t remember previous comments & conversations, but you are definitely near the top of that list.”

    Again, feel free to explain that! Hopefully with examples?

  133. Ragnar says:

    Left and right agree that Carson is superfluous.

  134. D-FENS says:

    All I know is, if Cruz or Rubio are president, the wall will be more expensive.

  135. Adolf Thomas says:

    Thank you for sharing this post.
    New Jersey home loans

  136. Now Spanky, be reasonable says:

    Re: Making American Children Great Again – interesting article about students at our “best” universities and their cultural ignorance. Yes, the point of 21st education is to produce an ignorant, obedient, dependent generation. Helicopter mommy and daddy will be replaced by the helicopter state. They have no idea what has been lost, and have been trained not to care. Save your money, pull your darlings out of the system, and buy them a set of McGuffey’s Readers and an old arithmetic book from the turn of the 20th century – at least then they will be able to read something more complex than a text message as well as figure out correct change, percentages and square footage.

  137. Now Spanky, be reasonable says:

    Of course it would help if I included the link – see? I am a product of the great American education system!

    http://www.frontporchrepublic.com/2016/02/res-idiotica/

  138. I see your blog is much powerfull to us. I hope that you keep up this pretty job. Will you please also take a look at our blog ?

  139. Sadan Enam says:

    hi i heard ur blog

Comments are closed.