Hello Spring Market! Best February since 2005.

From the Otteau Group:

Home purchase demand in New Jersey increased for the 18th consecutive month in February rising to more than 8,000 home-purchase contracts. This was the highest number of purchase contracts recorded in the month of February since 2005, reflecting an impressive 26% increase compared to the same month one year ago.

On a year-to-date basis (January-February) home purchase demand in New Jersey continues to expand, increasing by 22%. The majority of this year’s increase has been concentrated in homes priced below $600,000, as first-time ‘Millennial’ buyers begin to transition from rentership to homeownership.

While home purchase demand continues to rise, the inventory of available homes remains constrained in New Jersey. The number of homes being offered for sale in the month of February increased slightly by 1,400 homes (3%) compared to one year ago. Still, this is about 26,000 (-35%) fewer homes on the market compared to the cyclical high in 2011. Today’s unsold inventory equates to 5.9 months of sales (non-seasonally adjusted), which is less than one year ago when it was 7.2 months.

Currently, more than three-fourths of New Jersey’s 21 counties have less than 8.0 months of supply, which is a balance point for home prices. Hudson is presently experiencing the strongest market conditions in the state with fewer than 4 months of supply, followed by Union, Essex, Somerset and Morris Counties, which all have fewer than 5 months of supply. All of the counties with an unsold inventory level equivalent to a supply of 12 months or greater are concentrated in the southern portion of the state including Atlantic (13.6) and Salem (14.3).

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

149 Responses to Hello Spring Market! Best February since 2005.

  1. Mike says:

    Good Morning New Jersey

  2. Mike says:

    Definitely 2005 all over again, they’re paying 400k for capes with mold. Seen it first hand. Are people that desperate?

  3. grim says:

    Hellooooo Tesla.

  4. Essex says:

    mass market appeal

  5. Juice Box says:

    How many will they actually make? They made 50,000 model S last year.

  6. Fabius Maximus says:

    Grim

    Todays game, pick a Veep that would move the needle.

    I’ll start with:
    Colin Powell
    Elizabeth Warren

  7. grim says:

    I would have preferred Powell for president.

  8. yome says:

    115,000 Tesla model 3 pre-ordered. This is not even seeing nor test driving the car

  9. grim says:

    They claim 500k, but I think that isn’t realistic.

    The preorders were sitting at 130,000 yesterday, probably 150,000 today – meaning they’ve presold more Model 3’s than BMW sells 3 series in a year. They’ve probably pre-sold more than twice the volume of cars they’ve ever produced.

  10. yome says:

    Delivery in 2017

  11. yome says:

    Company claims 200 miles on a fully charged battery. What will it be on a very cold weather. Does it start right away? This is what stops me from getting an electric car. Not everyone parks their car in a garage

  12. grim says:

    Why would you buy an electric car if you don’t have a garage? Where are you charging it? Extension cord on your front lawn?

    The cable on my little Leviton 6.6kw charger is about an inch thick.

    Non-starter – EVs are for suburbs with garages. Apartment dwellers need not apply.

  13. grim says:

    Even with a 60% drop in charge capacity – this will be more than sufficient for everyone.

    Charging in your garage means you have 215 miles, every single day. At an average speed of 40 miles an hour, that’s 5 hours of driving a day. Who does that? Even at 60% capacity, you are talking about over 3 hours of driving.

    The FIT EV – with just under 100, was more than enough capacity. In most situations, if you went out, came back home for a few hours, it was sufficient to recharge the car. Except when it was cold, in which case 40 mile range was not acceptable. But with 215 – maybe 60% in freezing weather – 130 miles – most everyone can live with that.

    We were able to drive more than 250 miles one day in the Fit EV, despite the 97 mile range.

  14. yome says:

    You are doing the “Don’t know” a public service

    “Non-starter – EVs are for suburbs with garages. Apartment dwellers need not apply”

  15. 1987 Condo says:

    CNBC reports over 150,000 pre-orders.
    In Cali, some of the higher end apartment complexes are building in charging stations for tenants

  16. Grim says:

    If you had a dedicated space indoors – you would probably install a capable charger – but if you need to pull a 50 amp line through a complex, it’s going to cost you at least $2,000-$3,000 to install a charger. Maybe it’s easier to pony this up if it’s a condo or something, but a rental? Eh.

    It was easy for us, because Honda gave us the charger for free – and it was installed about 6 inches from the electrical panel – which was already in the garage.

  17. 1987 Condo says:

    Guess-189k jobs

  18. 1987 Condo says:

    215k Actual

  19. grim says:

    Not too shabby.

  20. GOP's broken (the good one) says:

    thanks Obama. many thanks

    grim says:
    April 1, 2016 at 8:31 am
    Not too shabby

  21. grim says:

    Participation rate increased, huzzah. 63% – two year high.

  22. D-FENS says:

    My garage is too full of bicycles and children’s toys. Plus I have to be able to drive to our other locations in NJ, CT, DE, and NYC if there’s an outage.

    No way can I own one of those until they put charging stations all over the place.

  23. grim says:

    20 – I don’t believe he’s played enough golf to have impacted the economy to the extent in which you credit him.

  24. GOP's broken (the good one) says:

    @nicktimiraos

    +215K jobs in March
    Labor force participation rate up
    Avg hourly earnings +2.3% YoY

  25. grim says:

    No way can I own one of those until they put charging stations all over the place.

    Having driven an EV for two years as our family daily driver – this doesn’t work.

    You are never in one location long enough to charge – nor will there ever be sufficient charging infrastructure at destinations.

    Northeast is devoid of charging, but as EV becomes more mainstream, it’s going to be impossible to get a spot at a charger.

    Newark Airport Terminal 3 deck has a short row of charging stations – they are now completely full, every time, and I pull in there pretty often. I only charged there once – today – I couldn’t bank on a spot being open for me. What then? I land, late at night, and have to find another spot to charge for 2 hours?

    Destination charging doesn’t work – the only real world solution is home charging and larger battery capacity.

    Frustration is having 15 miles charge, getting to your destination, and finding every EV charging spot filled with a gas-car.

    Destination charging doesn’t scale – it works when EV is a novelty – what happens when half of Garden State Plaza customers are looking for a charging spot?

  26. GOP's broken (the good one) says:

    @boes_

    New cycle high for prime-age employment in the U.S. last month,
    which suggests wage growth probably accelerating

  27. Comrade Nom Deplume, Recovering From The Slopes says:

    [6] Rory

    I’d love both of those but they ain’t happening

  28. Comrade Nom Deplume, Recovering From The Slopes says:

    Bellmawr is lovely this morning. May be the last time I have to see it this closely.

  29. GOP's broken (the good one) says:

    @nicktimiraos

    The U.S. has added 10 million full-time jobs since the economy stopped shrinking in 2009

  30. grim says:

    Bolt styling is awful – stop with the Tron nonsense – like the BMW EV – the supercar is cool, but the mini-SUV just looks silly.

  31. grim says:

    It simply makes the most sense to put the charging at the location the vehicle sits for the longest period of time – that’s going to be home.

    In addition, destination fast charging is incredibly expensive.

    Bolt EV doesn’t have fast charge capability – 9 hours on the little 6kw charger. 25 miles an hour.

    Systems like Chademo (DC fast charge) – require incredibly expensive chargers and massive power infrastructure.

    Garden State Plaza would need a small nuclear power plant onsite to fast-charge a parking lot full of EVs.

    Tesla supercharger is 120kw – that’s 500 amps at 240v, more than 2 and a half homes drawing full power from the pole (which is rare).

  32. grim says:

    GSP has 11,000 parking spaces, at 50% ev – fast charge – 600 megawatts power, like I said, small nuclear power plant.

  33. chicagofinance says:

    Alt-technology is a pure crock…….in Cali they already have a market to immediately strip tax credits and monetize them……WTF is that? All the green energy companies should be tossed in the dumpster…….

    …..and to the Obamunist……so we are supposed to be responsible and save the planet for our grandkids by implementing green crap……yet running up the government credit card with unconscionable trillion dollar budgets is deemed acceptable……pure arbitrary hypocrisy…….

  34. grim says:

    I really just don’t like having to go to the gas station. Who cares about the environment – saving 5 minutes is more important to me. The middle east oil hegemony crumbing to pieces is really just sprinkles at that point.

  35. grim says:

    Besides, you ever see a lithium mine?

  36. Raymond Reddington formerly Phoenix says: says:

    12,
    Why would you buy an electric car if you don’t have a garage? Where are you charging it? Extension cord on your front lawn?

    No, I was planning to run a cable from the old satellite dish on the trailer, past the outhouse to where I park near the chicken coop..

  37. Comrade Nom Deplume, screwing around at work says:

    [7] grim

    “I would have preferred Powell for president.”

    So would a large swath of GOP voters.

  38. Comrade Nom Deplume, screwing around at work says:

    [20] twitiot

    Yes, thanks indeed.

    For the past 6 years, I have billed my clients extensively for Obamacare, tax work, and other “evolutions” that this president (small p, he isn’t my president) has foisted on the economy. Even liberal economists (read, Steve Liesman, today) acknowledge the regulatory drag.

    I’ve learned why lawyers prefer democrats. It’s the same reason vultures prefer a pandemic.

  39. grim says:

    No, I was planning to run a cable from the old satellite dish on the trailer, past the outhouse to where I park near the chicken coop..

    A diesel dually might be more apropos. Even better – one modified to “roll coal”.

  40. 1987 Condo says:

    De-clogging shower drain? (Teenage daughter effect)…did the basics including baking soda/vinegar and that plastic strip thing..other thoughts? auger from HD?
    Thanks!

  41. grim says:

    Snake

    Can you get to the drain from below (basement?).

  42. jmw977 says:

    #42
    I have found that the most important step in the baking soda/vinegar method is to pour boiling water down the drain afterward.
    baking soda
    vinegar
    plunge
    add boiling water
    repeat hourly until cleared (then monthly to prevent)
    Good luck!

  43. 1987 Condo says:

    #44..hanks..we did do that a few times, may need to repeat a bit.
    Grim, I’ll check for access…also try snake

  44. D-FENS says:

    Rent the power snake. $17/hr from the local rental place.

    Just went through this with the bathroom sink. Fooled around with the hand crank ones…don’t even waste your time. Rent the pro tool.

    My 4 year old also recently flushed a stack of bathroom cups…let me know when you need advice on that…having kids has made me a bit of a novice plumber.

    1987 Condo says:
    April 1, 2016 at 10:24 am
    De-clogging shower drain? (Teenage daughter effect)…did the basics including baking soda/vinegar and that plastic strip thing..other thoughts? auger from HD?
    Thanks!

  45. D-FENS says:

    sorry meant $17/ 4hours.

  46. D-FENS says:

    Funny story…My wife and I always try to teach our kids to be independent…and do things for themselves.

    When my son was maybe 3 or 4, I was in a hurry and gave him the responsibility of getting undressed for the bath, then going potty by himself. Phone rings so I go and answer it. I hear the toilet flush in the other room.

    When I get back to the bathroom he is stark naked smiling and giggling….clothes were nowhere in sight.

    Yep…he flushed them all.

    I am now also quite adept at using a heavy duty sewer power snake.

  47. D-FENS says:

    Wow! Trump dropping out of the presidential race?

    https://www.youtube.com/watch?v=VO-1ePYypdU

  48. The Great Pumpkin says:

    Not even close, yet. We are at 1997 pricing. 2005 bubble pricing won’t be here till 2024/25 or later in that decade. Everything I have stated since 2012 on this blog about wage inflation, housing market, and overall economic movement has been pretty spot on. I took a lot of heat and was constantly called an idiot for these calls, but I stuck by them and didn’t change my position. Now who’s the idiot? Fast Eddie, still think buying a home in 2013 is a big mistake? Still waiting for that 50% haircut on housing prices? Everyone is underwater, right? Sell to whom, right? Wage inflation hasn’t happened in 30 years, can’t happen again, right?

    Mike says:
    April 1, 2016 at 6:57 am
    Definitely 2005 all over again, they’re paying 400k for capes with mold. Seen it first hand. Are people that desperate?

  49. walking bye says:

    Pumpkin – Min Wage in New York state to increase to $15 over next 3 years.

  50. The Great Pumpkin says:

    Ahh, it’s starting to gain momentum. Telling you, the 2020’s are prob going to be the best economy of the 21st century. It’s all lining up. Just remember, take advantage, this boom will most likely be followed by an enormous bust. Plan accordingly.

    GOP’s broken (the good one) says:
    April 1, 2016 at 8:41 am
    @nicktimiraos

    +215K jobs in March
    Labor force participation rate up
    Avg hourly earnings +2.3% YoY

    grim says:
    April 1, 2016 at 8:35 am
    Participation rate increased, huzzah. 63% – two year high.

  51. walking bye says:

    speaking of Cars, I mentioned Elio Motors couple of months back. Pumpkin if you get a chance read up on the guy -Paul Elio. I think you would like his perspective and company philosophy. Similar vision to- PC in every home. Paul is trying to build an American car with American labor, and achieve 80/40 mpg with a sticker of under$7k. Granted its a 3 cylinder. The guys hope is to bring the car to the mid to low classes. Interesting guy, real passion about putting America back to work.

  52. The Great Pumpkin says:

    Think of the impact of this on the economy and housing market and then you will understand where I have been coming from on the position of wage inflation since 2012. The economy is stuck in a rut due to the consumer not having the means to produce growth/inflation. With the rise in min wage, you will see all wages rise, economy grow, inflation take down debt, and a housing market able to drive the economy with yearly gains in pricing. Remember, if these wages were already high, raising them would do nothing but increase inflation to undesirable levels. When wages have been stagnant and reduced over decades, giving them a boost is like putting rocket fuel in the economic engine. Now combine that raise with a large demographic group (millennials) ready to spend by purchasing homes and all the spending that comes from these purchases, and we have a recipe for a giant boom in the coming decade. No doubt about it.

    walking bye says:
    April 1, 2016 at 11:40 am
    Pumpkin – Min Wage in New York

  53. GOP's broken (the good one) says:

    yep, lawyers are lucky that there won’t be a GOP’s broken prez for decades to come

    Comrade Nom Deplume, screwing around at work says:
    April 1, 2016 at 9:52 am

    I’ve learned why lawyers prefer democrats.

  54. yome says:

    I bought this thing that looks like a plunger that attache to a garden hose from home depot.Put it over the drain and turn on the garden hose. Another type is a thing that looks like sausage and attache to the garden hose. It goes in the pipe and expands around the pipe until tight and spit water pressure.Water pressure will unclog the drain. If it is a bath tub , cover the bottom of the trip lever so not to lose water pressure.

    Warning: dont use on old pipes

    1987 Condo says:
    April 1, 2016 at 10:24 am
    De-clogging shower drain? (Teenage daughter effect)…did the basics including baking soda/vinegar and that plastic strip thing..other thoughts? auger from HD?
    Thanks!

  55. 1987 Condo says:

    Thanks for ideas! We are doing baking soda a few more tries and monitoring..things seems to be moving down…

  56. jmw977 says:

    #56 – I think the sausage looking thing is called a Drain King. I bought one last year for my pool skimmer line. Agree that I wouldn’t use it on my 1930 house’s pipes, though.

  57. grim says:

    . Paul is trying to build an American car with American labor, and achieve 80/40 mpg with a sticker of under$7k. Granted its a 3 cylinder. The guys hope is to bring the car to the mid to low classes.

    Under what laws and regulations? This doesn’t seem to be possible from a legal, compliance, or regulatory perspective.

  58. grim says:

    Ah, I see, he is trying to skirt all of above mentioned regulations, laws, etc etc – by calling it a motorcycle.

  59. D-FENS says:

    Rented this….

    http://www.globalindustrial.com/p/plumbing/plumbing-tools/pipe-cleaners/general-hh-25-cables-cutter-carrying?infoParam.campaignId=T9F&gclid=CjwKEAjwuPi3BRClk8TyyMLloxgSJAAC0XsjLeVeVcjIY-9eX9GfK54-SnmALslULkjti7bDBfnHSRoC5NTw_wcB

    used it on cast iron installed circa 1949. Just go slowly.

    I took the p-trap off too…and sent it directly into the drain in the wall. The bathroom is on the lower floor, with a full basement below it. Pipes are well exposed below the bathroom. Figured if I completely fcuked up the pipe, I’d just head back to the rental place, and rent the cast iron pipe cutter and replace it all with PVC.

    Sure, try the gadgets, try the crappy hand crank snake or the plunger first…but this thing was really the only tool that did the job for me. It was clogged pretty badly…pretty far down the drain.

  60. chicagofinance says:

    self absorbed and entitled a%%hole:

    EXCLUSIVE: Black Lives Matter activist rages after being kicked off American Airlines flight

    BY CHRISTINA CARREGA-WOODBY

    Black Lives Matter activist kicked off American Airlines flight

    An award-winning poet and Black Lives Matter activist says she was kicked off an American Airlines flight for questioning a flight attendant for moving non-English speaking passengers from the emergency exit row.

    Imani Cezanne was one of four people seated in the exit row of the flight from Charlotte, NC to Atlanta, GA on March 25 when a female flight attendant asked them if they understood English.

    Cezanne, 26 of Washington, DC, noticed the couple across the aisle seemed frustrated as if they did not understand.

    The flight attendant immediately asked them to switch seats with another couple. The couple did not object, but Cezanne did.

    “This is 2016, why don’t they have at least the translation in other languages to at least explain what’s going on … knowing they cater to people who speak other languages?” Cezanne asked.

    “That couple looked frustrated and upset because they physically had to get up … I felt it was necessary for me to say something,” she said.

    Federal regulations issued in 1990 say passengers must understand English in order to sit in the exit row.

    Instead of the flight attendant explaining the rules to Cezanne, she walked away.

    Cezanne called a friend for insight and discussed her concerns with the passengers seated next to her, when the flight attendant interrupted the conversation.

    “Are you going to be a problem? she allegedly asked Cezanne.

    “Are you going to be a problem? Why would you ask me that?” Cezanne fired back.

    The flight attendant walked away, again, to speak to the pilot.

    Another crew member knelt down to Cezanne, the 2016 Women of the World Poetry Slam Champion, and asked her to leave because her colleague felt “threatened.”

    “That couple looked frustrated and upset because they physically had to get up … I felt it was necessary for me to say something,” Imani Cezanne said.
    Cezanne said she was “shocked” by the request and refused to move.

    The airline called Cezanne an “unruly” passenger who refused to comply with the crew member instructions and had to call the local police department, said a spokeswoman with American Airlines.

    Cezanne said she took her issues with the airline to Twitter since there isn’t a customer relations phone number available.

    She gave a play-by-play of the ordeal and turned her award-winning poem “Flying While Black” in to a hashtag and tagging the airline’s account. “The flight attendant initiated the altercation, I wasn’t talking to her or yelling at anyone. I was having a conversation with the other passengers,” she said.

    Despite the supposed threat, Cezanne’s luggage was kept on the flight as the aircraft took off.

    “Nothing about my voice, tone, body language etc. communicated ‘threatening.’ Other than, of course, this Black body. @AmericanAir,” Cezanne wrote to her thousands of followers.

    Despite kicking Imani Cezanne off the plane and refusing a refund, American Airlines also kept her luggage as the flight took off.

    “Once I brought up race, that’s when the manager got upset, declined to put me on another flight and banned from American,” said Cezanne.

    Sources said American Airlines declined to book her on another flight since she didn’t peacefully leave the aircraft.

    “There were a lot of personal and subjective decisions being made here. They did not refund her money or rebook her flight, they just banned her. That’s not American Airlines policy,” said her lawyer Tahanie Aboushi.

    “They need to conduct proper training for their employees to identify what is a threat instead of throwing that word around as a convenience to avoid addressing non-threatening situations on a flight.”

    Cezanne intends on filing a lawsuit against the airline for breach of contract and other allegations.

    “We will work with the customer to resolve the issue. American Airlines values diversity and we do not discriminate for any reason,” said the spokeswoman.

  61. chicagofinance says:

    thank you!

    clotluva says:
    April 1, 2016 at 9:52 am
    34. Chifi

    Agreed: http://www.manhattan-institute.org/sites/default/files/R-RB-0316.pdf

  62. chicagofinance says:

    thank you for the resource…..not for agreeing with me ;-)

  63. chicagofinance says:

    where is jj when you need him?

    D-FENS says:
    April 1, 2016 at 11:28 am
    Rent the power snake. $17/hr from the local rental place.

  64. D-FENS says:

    Probably has a good story about his power snake, and two girls making out on the dance floor at a wedding.

  65. D-FENS says:

    Trouble with that is, you’ll be required to wear a helmet in some states.

    grim says:
    April 1, 2016 at 12:30 pm
    Ah, I see, he is trying to skirt all of above mentioned regulations, laws, etc etc – by calling it a motorcycle.

  66. D-FENS says:

    On the plus side, there are absolutely no inspections for motorcycles in NJ anymore. They just sent me a letter that kindly asked me to keep my bike in working order.

  67. joyce says:

    I googled this and would not buy it because I feel like I’ll need at least a moderate amount of storage in the car I use daily. That said, isn’t he following all the regulations required for motor vehicles on less than 4 wheels?

    grim says:
    April 1, 2016 at 12:30 pm
    Ah, I see, he is trying to skirt all of above mentioned regulations, laws, etc etc – by calling it a motorcycle.

  68. 1987 Condo says:

    #68…pretty much going that way with cars..my 2011 doesn’t get inspected till this June, State phasing out those state run centers moving to private. had private in NYC when growing up…just paid the guy $10 for a sticker each year, never took car in.

  69. joyce says:

    Didn’t think of that… funny to picture. Like little nascar drivers.

    D-FENS says:
    April 1, 2016 at 12:45 pm
    Trouble with that is, you’ll be required to wear a helmet in some states.

  70. grim says:

    Sure, so just call it a motorcycle, and don’t make it seem revolutionary, when it’s not.

    But, by trying to pass it off as a automobile, while not needing to meet the same kind of safety standards that would be required of an automobile, is disingenuous.

    Looking at the design, it would be better suited to have 4 wheels, – so why doesn’t it? Because then it would be a car, and need to meet all the requirements of a car.

    It’s not innovative to just say, damn, lets drop a wheel, and then we can drop all this other stuff we would need to pay for if it was a car.

    In a collision with a large truck, you would pretty much be guaranteed to die in this thing.

  71. joyce says:

    I agree it’s disingenuous. I agree it’s a three wheeled motorcycle with a roof. They appear careful with their terminology use. I’m not sure if regulations require motorcycle manufacturers/dealers to disclose the (lack of) safety they contain compared to other motor vehicles.

    Uber/Lyft’s technology revolutionized an industry… that which wouldn’t have been possible if they didn’t skirt all the regulations.

  72. joyce says:

    And let’s not forget, Fabmax has pre-ordered one (or at least gave a deposit). So, some of us are OK playing fast and loose with govt. regulations… when we feel like it.

  73. chicagofinance says:

    mirthful hobbyist (clot Edition):
    https://www.youtube.com/watch?v=JEoqrjFX1yI

  74. D-FENS says:

    75 –
    Subscribe! Subscribe!

  75. Anon E. Moose says:

    Tool [30];

    The U.S. has added 10 million full-time jobs since the economy stopped shrinking in 2009

    …which trails population growth over the same time (look it up). Wipe off the Barry-@$$ lip gloss and stop parroting Democratic talking points.

  76. Grim says:

    That dudes jet bike and cart are insane

  77. Comrade Nom Deplume, screwing around at work says:

    [70] Condo

    “had private in NYC when growing up…just paid the guy $10 for a sticker each year, never took car in.”

    Same in Mass. My dad was a cop so I got mine in the mail.

  78. Comrade Nom Deplume, screwing around at work says:

    [55] twitiot

    “yep, lawyers are lucky that there won’t be a GOP’s broken prez for decades to come”

    I see it as good for me but bad for everyone else. Professionally, I’m a vulture, a tax, a drag on the normal commerce of life. I admit it. The fact that I am more and more relevant professionally should be a cause for concern.

    The fact that my economics are divorced from my politics doesn’t bother me. In fact, I don’t see them as mutually exclusive. I make money in good economies or bad. We say that those who will rob Peter to pay Paul can always count on Paul’s support I would add that they can also count on the support of Paul’s creditors and lawyers.

    I see this once-great nation circling the drain and came to the realization that I am one of the folks with a lifeboat. Were I truly self-centered and narcissistic about it, I’d be a democrat. In fact, I always hear about the altruism of the left but when it comes to creating a economic utopia, it’s the right that is altruistic.

    The world has tried your system, and tries it again from time to time. The result is always the same and it isn’t good.

    Can’t believe I got sucked in by the twitiot. What’s next, getting sucked in by the irish dwarf narcissist?

    You crow about an economy that should be growing faster than it has and doesn’t show any traditional indicia of “robustness.” Obama and his policies are a drag, not a panacea. This economy hasn’t grown because of the Empty Suit in Chief, it grew in spite of him and not particularly well at at that.

  79. Comrade Nom Deplume, screwing around at work says:

    [55] twitiot

    “yep, lawyers are lucky that there won’t be a GOP’s broken prez for decades to come”

    I see it as good for me but bad for everyone else. Professionally, I’m a vulture, a tax, a drag on the normal commerce of life. I admit it. The fact that I am more and more relevant professionally should be a cause for concern.

    The fact that my economics are divorced from my politics doesn’t bother me. In fact, I don’t see them as mutually exclusive. I make money in good economies or bad. We say that those who will rob Peter to pay Paul can always count on Paul’s support I would add that they can also count on the support of Paul’s creditors and lawyers.

    I see this once-great nation circling the drain and came to the realization that I am one of the folks with a lifeboat. Were I truly self-centered and narcissistic about it, I’d be a democrat. In fact, I always hear about the altruism of the left but when it comes to creating a economic utopia, it’s the right that is altruistic.

    The world has tried your system, and tries it again from time to time. The result is always the same and it isn’t good.

    Can’t believe I got sucked in by the twitiot. What’s next, getting sucked in by the irish dwarf narcissist?

  80. Comrade Nom Deplume, screwing around at work says:
  81. Essex says:

    i need big pharma stocks to pop…!

  82. Bystander says:

    #50,

    Yeah blumpkin, you are a real Carnac the magnificent.

  83. Essex says:

    50. it’s a spotty recovery….

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

    Look at that. Dow’s almost back to 18000.

    Pretty good call…eh?

    http://finance.yahoo.com/echarts?s=^DJI+Interactive#{%22range%22:%223mo%22,%22allowChartStacking%22:true}

    Libturd supporting the Canklephate says:
    February 12, 2016 at 8:51 am

    Wonder what the Shanghai markets going to do when they return from the week off to celebrate the lunar new year? I’m going out a bit on the limb here, but if I had any dry powder left (which I don’t), I would be getting into the US indexes right about now. Yes, you can’t nail the bottom, but I have a feeling that we are pretty close.

  85. yome says:

    Burlington County, New Jersey: Local Congressional Candidate’s Home Listed in Sheriff’s Sale, Report Says

    Frederick LaVergne’s home is listed for sale due to foreclosure, the Burlington County Times reported. LaVergne, a Democrat, said the post was “inaccurate” and that mediation would resolve the matter.

  86. Fabius Maximus says:

    I was toying with the idea of jumping into the car yesterday to go to Short Hills and join the Tesla queue. The deposit on the Elio, held me back. Looking at the launch today I’m glad I didn’t. That thing is Fugly! There are already complaints about the size and design of the trunk.

    Elio is trying to get the regulations changed. They would like to see it move away from the motorcycle regs and towards a “Autocycle” classification that would make more sense.

    People are already discussing mods. At the price point, you can really do anything with it and no be out that much cash. One guy is talking about an engine swag. He wants to drop in a Ford 2.5Ti Eco boost. 275HP in that chassis will be nuts.

    As for getting hit by a truck. It has a cage and side airbags, so you will fair just as well as you would in your Honda Fit or other subcompact.

  87. Grim says:

    You really put a deposit I that jalopy? Oh Jesus I thought it was a joke.

    Buy a Ducati monster instead. At least you can keep a little self respect.

  88. Grim says:

    Or build a caterham if you want a motorcycle powered deathtrap

  89. Fabius Maximus says:

    #89 grim

    I have a Suzuki SV650 which is a better bike than the Monster.
    I had started looking at going on the Morgan waiting list when I was in the UK. Then I came over here and got a wife and kids instead.
    Cant justify the $70K for a Caterham or Lotus. But a Polaris Slingshot is a possibility.

  90. joyce says:

    Won’t Elio have the same problems Tesla had regarding not having a network of dealerships?

  91. joyce says:

    88
    Did you call the new Tesla fugly? Have you seen the design of Elio?

  92. Grim says:

    Slingshot is cool, but very spendy.

  93. Essex says:

    The Elio looks like an updated ‘Morgan’ – UK made three wheeler. But it’s a little tense once a semi passes you.

  94. Grim says:

    Sv650 with ABS is probably a safer vehicle

  95. Grim says:

    My god the Morgan ev3 is glorious.

  96. Essex says:

    I held onto my NJ motorcycle endorsement, but I have almost no desire to ride around here.

  97. Essex says:

    That EV3 is ungodly cool. You could shiw up at the Race of Gentlemen in that…

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

    I recommend the Slingshot. Especially since I own some PII.

    Want a good laugh? Chemo starts in about an hour so all this billing is pretty much surgery and consults and maybe shunt install and recovery. Just for sh1ts and giggles, I logged into my healthcare provider’s website.

    Total Health Care Costs (Medical):
    $244,801.50

    You Paid: $229,384.29
    Provider Discount: $8,744.45
    Plan Paid: $6,672.76

  99. chi says:

    go ride this one Budd Lake….

    Essex says:
    April 1, 2016 at 8:22 pm
    I held onto my NJ motorcycle endorsement, but I have almost no desire to ride around here.

    https://www.youtube.com/watch?v=zy5rkw4SeP4&index=1&list=PLGjbAdaOBLBkSV9e5TOdLHT9wIq9nsSi0

  100. Outofstater says:

    Re: Drains and teenage girls. I use a crochet hook to pull the globs of hair up out of the drain. Did this last week – youngest has waist length hair – and it was truly disgusting. The clump I slowly pulled out looked like a slimy muskrat but it was a free fix and took abt 5 min.

  101. D-FENS says:

    I like the monster, but wouldn’t trade my Harley for anything.

    If I were to buy a sport bike, the monster would be it.

  102. grim says:

    200,000 pre-orders?

    Damn.

  103. chi says:

    ROCKLEDGE, Fla. — Police in Florida say a woman angered over her husband having an affair shot him in the knee, with the bullet lodging further up his body.

    Florida Today reports that 60-year-old Victoria Reid was arrested earlier this week on charges including aggravated battery with a deadly weapon and domestic violence.

    According to a report by the Brevard County Sheriff’s Office, Reid confronted her husband about the affair and threatened to maim and kill him.

    Police say Reid then shot her husband, who wasn’t identified, in the knee, but the bullet ended up lodging in his testicles.

    The newspaper did not know the man’s current condition.

  104. Juice Box says:

    Elon Musk ✔ ‎@elonmusk
    Definitely going to need to rethink production planning…

  105. collen colm says:

    I’ve been surfing online more than three hours today, yet I never found any interesting article like yours. It’s pretty worth enough for me. In my view , if all webmasters and bloggers made good content as you did, the web w ill be much more useful than ever before.
    Real Estate Professionals

  106. yome says:

    CEO Musk now say preorder 3series is at 232k. Can they even produce

  107. Comrade Nom Deplume, Recovering From The Slopes says:

    Here with Gator and Littlest Gator at CHoP.

    All of the BS over property and politics pales into insignificance.

  108. Comrade Nom Deplume, Recovering From The Slopes says:

    Libturd, I’m gonna eat your lunch.

    Really. There’s a taco here for you but you’re not here so I’m eating it. Gator said so.

  109. yome says:

    $7,500 fed tax credit phase out after manufacturer sells 2,000 vehicles

  110. joyce says:

    112
    Will (can) people back out? I doubt most people know about the phase out, and I highly doubt the Tesla sales people and advertising mention it.

  111. yome says:

    112 sorry, 200,000 vehicles

  112. Juice Box says:

    re # 108-No real chance for a quick turnaround in production to get a tens of thousands of cars out the door monthly. Musk has indicated that they will start the Tesla Model 3 production in late 2017. You know, starting the production is different than deliveries. They are going to need more cash, and well GM is going to be first to market,their Orion factory in Michigan is already assembling the Chevy BOLT EV. The tax credit of $7500 which is advertised into the $35,000 base price is phased out when sales are above 200,000 cars, TSLA sold about 100,000 cars so far. It really is $42,500 for base car plus options put the real price closer to $50,000. The tax credit could end too, since sales will take a bite out of Washington DC to the tune of billions.

    GM’s car will be in showrooms soon, but it may only be a compliance car with a limited run of maybe 30,000 tops per year, batteries and drive train will be made by LG of South Korea in their already up and running gigafactory in Michigan, LG is infact winning the battery race.

    http://www.autonews.com/article/20151214/OEM06/312149992/lg-chem-quietly-surges-in-battery-race

  113. NJCoast says:

    Hope all is well with the Gator Family and Lil Gator is on the mend.

  114. Comrade Nom Deplume, Recovering From The Slopes says:

    [116] coast

    I will let Stu and gator speak to that. But from all accounts, everyone is doing The best that can be expected, which is upbeat.

    Still, I wouldn’t wish this on anyone.

  115. joyce says:

    The video release came one day after the city settled a lawsuit Grant had brought against the city by agreeing to pay $6.5 million.
    http://www.abqjournal.com/749357/news/police-release-video-of-grant-shooting.html

    Undercover cop shot by other cop, and he gets to sue the town for what exactly?

  116. Essex says:

    would give the advantage to Musk re: branding

  117. Juice Box says:

    Anecdotal global warming but my pink roses are already blooming.

  118. chi (75)-

    Just got back from a few days in the Windy City. Coulda used one of those doo-dads there.

  119. Now gleefully waiting here for news that gluteus has been vaporized while riding his fugazy motorcycle.

  120. Juice Box says:

    re # 119 – re: “would give the advantage to Musk”

    GM’s 2oo mile electric car will be first, have better serviceability via their dealer network and will be cheaper. Real question is who can make the batteries. Musk company to date has only laid out about 350m out of 5 Billion for the Arizona plant. LG’s investment is larger and quicker, and ready to make batteries which now are arguably a commodity.

  121. yome says:

    Wow!! Villanova looks very strong

  122. Tar Heels gonna cut a bitch.

  123. The Great Pumpkin says:

    Lib, prayers with you and your family.

  124. The Great Pumpkin says:

    Boom!! How far ahead of the curve is our Pumpkin! Pumpkin’s economic ideas finally hitting main stream. Damn this feels good. Will try to dissect parts of the article that apply to my philosophies, but right now going back to some drinks.

    http://www.economist.com/news/briefing/21695385-profits-are-too-high-america-needs-giant-dose-competition-too-much-good-thing

  125. Why did I check back here before bedtime? SMH…

  126. Well, he obviously missed the apex, so the laws of physics would have him either crashing at a high rate of speed into the outside wall or his attempt to correct would have spun him, scrubbed off speed, tightening his radius such that he is now a DNF smeared on the inside wall. I’m fine with either.

    Boom!! How far ahead of the curve is our Pumpkin!

  127. Essex says:

    “To succeed in life, you need two things: ignorance and confidence.” – Mark Twain

  128. Comrade Nom Deplume, Recovering From The Slopes says:

    V FOR VILLANOVA, V FOR VICTORY ….

  129. The Great Pumpkin says:

    129- Yes, how long have I been talking about this. Well now it’s going mainstream. Hope these profit creators are listening….you are sucking up way too much of the profits. You are hurting the overall economy causing it to behave in a sickly way. Stop being so greedy and fix it.

    “Profits in corporate America “are too high,” said The Economist. Earnings are at near-record levels compared with GDP; couple that with increasing consolidation in a number of key industries, and “most firms make money money than they used to.” Of course, profits are a critical piece of capitalism, encouraging innovation and providing investors with returns. “But high profits across a whole economy can be a sign of sickness.” They can signal the growth of monopolistic firms more adept at “siphoning off wealth than creating it fresh” and provide evidence that companies are squeezing workers’ wages and driving up prices for consumers. Theoretically, no company should be able to rake in cash for very long, because competitors will inevitably swoop in a for a piece of the pie. But Adam Smith’s invisible hand “seems oddly idle” right now. A U.S. firm that was very profitable in 2003 had an 83 percent chance of still being very profitable in 2013, compared with 50 percent the previous decade. “The obvious conclusion is that the American economy is too cozy for incumbents.” The sense that companies are hoarding the fruits of economic growth is not a paranoid one. “America needs a giant dose of competition.””

  130. The Great Pumpkin says:

    134-

    * “most firms make more money than they used to.”

  131. The Great Pumpkin says:

    Wonder if anyone of you are watching news12 right now. Minimum wage debate taking place. Guy just made a very good point. The anti-minimum wage debater stated that the costs in the state are too high, and must be brought down. The guy just destroys her position. He asks why is it so high and points out to the supply and demand fundamentals at play. Too many people want to live in nj. It drives the price for everything up. 9 million people competing to live here. Now haven’t I always made this argument for our state? It’s high cost, not because the govt, or other imaginary reasons, it’s high cost because a lot of people are competing to live in this prime economic location.

    So all those people complaining that nj is going down the crapper, the millionaires are leaving in droves; need to check themselves when they complain about the high cost. Wouldn’t millionaires leaving help reduce the high cost of living? Do you see how crazy your position is? Calling for the death of nj and at the same time complaining about the high cost? Makes no sense. If nj is dying, why is it still so high cost? If so many people are running from jersey like you claim, how come our costs are not going down?

  132. The Great Pumpkin says:

    136- He made a great point too. What happen to all those threats in 2013 that if we raise the minimum wage in this state, we will lose more jobs. We raised it, and had the best job growth in 15 years.

    Conservative economists need to stop being so stubborn and open their mind to new economic ideas. If their conservative economic models/theories are so right, how come we are still having economic problems? Instead of sticking to a specific economic model, you need to apply different economic theories to different economic problems. It’s not a one size fits all.

  133. GOP's broken (the good one) says:

    George W.

    i rest my case your honor

    Essex says:
    April 3, 2016 at 6:32 am

    “To succeed in life, you need two things: ignorance and confidence.” – Mark Twain

  134. GOP's broken (the good one) says:

    @DPRK_News

    U.S. television entertainer Sean Hannity dismissed as simian goon, endlessly jabbering to crowds of perverts, miscreants, and simpletons.

  135. Fabius Maximus says:

    Tax News of the day Grab popcorn!

    A huge leak of confidential documents has revealed how the rich and powerful use tax havens to hide their wealth.
    Eleven million documents were leaked from one of the world’s most secretive companies, Panamanian law firm Mossack Fonseca.
    They show how Mossack Fonseca has helped clients launder money, dodge sanctions and evade tax.
    http://www.bbc.com/news/world-35918844

  136. Essex says:

    Someone please launch a go-fund me for Stu.
    Maybe some of us can help w/ incidentals.

  137. The Great Pumpkin says:

    Jim Clarken, the CEO of Oxfam Ireland, tweeted: “As long as tax dodging continues to drain government coffers, there is a human cost.”

    Check out this article from USA TODAY:

    Worldwide, jaws drop to ‘Panama Papers’ leak

    http://usat.ly/1RThGrO

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

    Essex, it is in the works. My neighbors refuse to accept “no” for an answer and I am too obstinate to give them the full green light, but after looking at those early bills, I’m thinking my last name could be Trump and I might not have enough to cover it.

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

    I may just sink all of my assets into gold and hide it somewhere and not pay a penny.

  140. D-FENS says:

    I’m shocked that you think he was a great success in life.

    GOP’s broken (the good one) says:
    April 3, 2016 at 2:18 pm
    George W.

    i rest my case your honor

    Essex says:
    April 3, 2016 at 6:32 am

    “To succeed in life, you need two things: ignorance and confidence.” – Mark Twain

  141. NJGator says:

    Re Lib 144 – Not sure what the value of an “in-network” hospital is if all the providers don’t participate and no one advises you of that before they render services.

    Grim – we may need to pick your brain on balance billing at some point.

  142. Fabius Maximus says:

    grim
    In mod.

  143. Fabius Maximus says:

    #146 Gator

    Sorry to hear. This is why I give to St Jude’s. No bills to parents.

    Learn these words “Here is my card. Are you in in my netwOk?”

    This is the worst part of this process, most times you get left with a tough choice, reject treatment, or bite the cost. Anesthesi0logists, radiol0gists and pathologists are the worst offenders. If a spec1alist comes near your kid, you have to check.

    I’ll drop you an email on some b1lling strateg1es.

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

    Thanks. I have a feeling it works a lot like gambling winnings. You gotta give your uncle some. Just not all. I can negotiate with the best of them.

Comments are closed.