Lock them in their parents basement

from NJ101.5:

How can NJ stop young adults from fleeing the state?

As we wind down the end of 2016 and get set to ring in a brand new year, New Jersey faces a number of significant challenges.

The state’s leading business group is setting its sights on stopping the out-migration of millennials — young adults under age 35 — as a top priority in 2017.

Michele Siekerka, president of the New Jersey Business and Industry Association, points out Garden State taxpayers spend a small fortune on K-12 education, and yet many of our best and brightest students leave New Jersey to go to college and never return.

“When we’re making significant investment in our great K-12 education here in the state of New Jersey — [on average] $19,000 per year per pupil times 13 years — to let those students walk out of the state, we’re losing our pipeline, we can’t let that happen anymore,” she said.

To change things, Siekerka said, we have to look at issues of affordability.

“Housing costs for millennials are in the $1,600 a month range, which is simply too high. A student graduating from college can’t afford that off the bat. Energy costs, costs of insurance in the state of New Jersey, they’re simply too high,” she said.

Siekerka pointed out another huge problem is the cost of higher education.

“We have gotten expensive. We’re the 4th most expensive in the country on state tuition when you include fees and room and board, so that’s a challenge. Students aren’t choosing our own state schools,” she said.

To address the issue, she said we must look for ways to increase financial assistance.

“If we do that, the $25,000 tuition is now only $15,000. But we don’t have the stream of funds in New Jersey to cover that gap, and that’s another reason why higher ed is expensive,” she said.

Siekerka believes all of these issues are connected.

“We must do something in the state of New Jersey about how we fund our education, because property tax is all about funding our education, our K to 12 education,” she said.

“We need to have that discussion, it’s a discussion that must be had.”

It’s not just millennials who are leaving. Earlier this year, the organization found that the state has lost almost $21 billion dollars in adjusted gross income over the past 11 years to so-called out-migration.

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

109 Responses to Lock them in their parents basement

  1. soutwin says:

    Well how about trying handcuffing them in their parents basement

  2. Fabius Maximus says:

    The Canadians showed us how its done.

    http://www.theatlantic.com/international/archive/2015/11/canada-cabinet-trudeau/414280/

    Minister of Health is a doctor.
    Minister of Transport is an astronaut.
    Minister of National Defense is a Sikh Veteran.
    Minister of Youth is under the age of 45.
    Minister of Agriculture and Agri-Food is a former farmer.
    Minister of Public Safety and Emergency Preparedness was a Scout.
    Minister of Innovation, Science and Economic Development was a financial analyst.
    Minister of Finance is a successful businessman.
    Minister of Justice was a crown prosecutor and is a First Nations leader.
    Minister of Sport, and Persons with Disabilities is a visually impaired Paralympian.
    Minister of Fisheries and Oceans, and Canadian Coastguard is Inuit.
    Minister of Science is a medical geographer with a PhD.
    New titles include
    Minister of Immigration, Citizenship and Refugees was an Immigration critic.
    There are scientists in the cabinet, and it is made up of 50% women.

  3. D-FENS says:

    Why don’t you move to Canada if it’s so great?

  4. D-FENS says:

    Trump Nears Assembling The Most Woman-Packed Initial Cabinet In History

    http://nation.foxnews.com/2016/12/11/trump-nears-assembling-most-woman-packed-initial-cabinet-history

  5. Fast Eddie says:

    Fabius,

    We’ll never be great like Canada.

  6. 3b says:

    The article is on the right track. However in state college tuition is still cheaper than out of state college tuition. 25k a year vs 45k a year out of state and more.

  7. Ben says:

    Minister of Innovation, Science and Economic Development was a financial analyst.

    Oh yeah…that’s what we want.

  8. Grim says:

    So no more opposition to the Canadian oil rolling through Bergen County?

  9. D-FENS says:

    There is a proposal for a pipeline that would run through upstate NY and NJ ending at the refinery in Linden called the Pilgrim Pipeline.

    Ironically, much of the proposal runs through parts of the state that often vote Republican…and there’s even opposition from those areas.

    In the meantime the oil still gets to Linden…just on trains with a higher risk of an accident.

  10. D-FENS says:

    Make America Canada again.

  11. Grim says:

    Clearly such an enlightened cabinet would never put us in harms way.

  12. Canada is like a private school. It’s not their programs that make them great, but rather their ability to reject losers like gluteus from their ranks. The USA, OTOH, is more like Paterson/Trenton/Camden/Newark public schools; not only do they take all comers, they don’t even care if the students are residents/US Citizens/career criminals, etc.

  13. nwnj3 says:

    How about this scheme? Looking to raise a little cash, just start putting seats in the school district up for sale.

    A superintendent talking about “getting creative” and “increasing revenue” in NJ should send up a mass of red flags.

    http://www.dailyrecord.com/story/news/local/morris-county/2016/12/11/mt-olive-may-accept-30-chinese-students-high-school/95197256/

  14. Comrade Nom Deplorable, just waiting on the Zombie Apocalypse. says:

    For all that, Canada is still irrelevant.

  15. I know somebody whose wife is a recruiter at a private university here in the Boston area. When we were at the height of the financial crisis this guy’s wife was going on all these international recruiting junkets to far off places including Panama (I can’t remember the other countries). I asked this guy how it was cost effective for the university for his wife to be taking all these trips? He told me that foreign students pay full retail cash price, no financial aid. I saw the light instantly.

  16. US 10-year yields above 2.5%. Maybe not a very merry Christmas for mortgage brokers?

  17. nwnj3 says:

    Catholic schools have been doing this for years, and I’m sure other private schools have as well. They can do what they want.

    This is a cash grab, plain and simple. No mention of the commission structure for the consultancy who is steering the kids.

  18. Lost says:

    You always naively ask how these other states fill their colleges if their education system is backwards. Well here you go. Just like these red states rob the blue states when it comes to federal taxes, they also rob our educational investments by recruiting our students. It’s sad, because we are wealthy state, a lot of our students want to go “away” to college to get away from their parents.

    “Michele Siekerka, president of the New Jersey Business and Industry Association, points out Garden State taxpayers spend a small fortune on K-12 education, and yet many of our best and brightest students leave New Jersey to go to college and never return.”

    Read More: How can NJ stop young adults from fleeing the state? | http://nj1015.com/how-can-nj-stop-young-adults-from-fleeing-the-state/?trackback=tsmclip

  19. Sounds like sour grapes from someone who never got to leave Passaic County, right Blumpkin? I’m always amazed how many NJ license plates I see in my neighborhood. Keep sending your money to Boston New Jersy, we appreciate every dollar. There’s no better investment than a $220K bachelor’s degree from a Boston area college, it doesn’t even matter what your major is. I’m surprised every year this Ponzi scheme continues.

    a lot of our students want to go “away” to college to get away from their parents.

  20. Lost says:

    This clown, can you just please step down and let someone that actually cares about this state take over. Glad I didn’t vote for this clown, I saw what he was. Too bad 70% of the voters voted him in like ignorant sheeple.

    http://www.nj.com/politics/index.ssf/2016/12/christie_again_seeks_to_cash_in_on_book_deal_repor.html#incart_2box_nj-homepage-featured

  21. Lost says:

    My post at 10:19 was directed at 3b.

  22. STEAMturd recounting the circumference of Hillary's Meaty Cankles. says:

    I’ve been to lots of cities in Canada. In Toronto, there is such a huge influx of poor Muslims, the Islamophobia there makes the US look like Mecca.

    http://www.cbc.ca/news/canada/toronto/toronto-immigration-poll-1.3790181

    Canada is fortunate that the majority of their cities are not inundated with people on the dole. They are also much less pussified. Religion has a much smaller influence on their laws and they allow full nudity and alcohol to be served simultaneously at strip bars. They also allow nudity and profanity on TV. Their drinking age is much lower too. Most high school kids spend a Summer doing civil service which usually entails cleaning up their town or city. Just try and do that here. Parents will probably ask for deferments.

    Want to make the US like Canada? Stop Section 8 housing and welfare. Rather than locking Democratic voters on the dole, give them sh1tty jobs. You would be surprised how well this works. But then you lose their vote.

  23. STEAMturd recounting the circumference of Hillary's Meaty Cankles. says:

    The only time a Republican governor wins in Jersey is when the Democrat governor prior is a complete imbecile which appears to be ALWAYS.

    Florio (toilet paper tax). Mangravy (the Gay American). Corzine (fukcing the teachers Union chief).

  24. Tywin says:

    Much like a spoiled teenager living in a dreamworld, Canada continues to exist solely because the United States provides their security.

    To wit:

    Canadian Navy – 0 carriers, 1 destroyer, 4 submarines.

    US Navy – 10 carriers, 63 destroyers, 66 submarines.

  25. STEAMturd recounting the circumference of Hillary's Meaty Cankles. says:

    But they have their secret weapon…

    http://tinyurl.com/Canadian-secret-Weapon

  26. 3b says:

    Lost: once a kid is out of the house they are away from their parents whether it’s 50 miles away or 500 miles away. It’s silly nj parents who turn their noses up at Rutgers and Rowan and Montclair etc. they then send their kids to univ Delaware or university of Rhode Island the same states that you and others say have a crappy k to 12 education system yet the overwhelming majority of the kids in those colleges are products of that crappy education system. I have no problem with a kid going out of state if the parents want to pay for it. But to encourage a kid to go out of state and then be burdened with big loans is so a parent can brag is just wrong. I also understand that it makes perfect sense to send a kid to school that specializes in let’s say engineering or another speciality. But for the standard BA/BBA it makes no sense to pay out of state tuition. And finally many parents lie and say they are paying the tuition and it turns out they are not.

  27. funnelcloud says:

    Another twist on same old story Millennials leaving in droves, Boomers leaving in droves, Businesses leaving in droves , Millionaire leaving in droves, White people Leaving in droves. all previously published articles. People are leaving because (many, not all) find that life is better for them outside of NJ in terms of affordability. NJ is just to corrupt, law makers are to over reaching and the state is just to F*&king Expensive for the average middle class family

  28. STEAMturd recounting the circumference of Hillary's Meaty Cankles. says:

    Gator went to Florida since it was cheaper out of state than Rutgers was in state. This was around 1990. NJ is really a terrible state for so many reasons. Speaking of college. Many states still have prepaid tuition plans. NJ doesn’t even offer an incentive in investing in a NJ 529. None! We are either number one or number two in every single tax. The gas tax used to be an exception. Used to!

  29. I have two siblings(youngest two out of 5 kids) who went to WVU because it was cheaper than RU in the mid 80’s.

    In MA smart kids (based on MCAS scores, not too difficult) get 8 semesters tuition free at any of a couple dozen colleges. I tried to post the link, but it won’t take. Google “John and Abigail Adams Scholarship”.

  30. 3b says:

    Lib I understand. But in my case the cost to attend Rutgers for one of my kids was 20k a year at the time vs 40k for Delaware or Rhode Island. It made no sense. All my guys went in state finished in 4 years and have pretty good jobs. No loans for us or them. Once you get that first job no one cares where you went to school.

  31. nwnj3 says:

    Yeah, but they just opened a retro arcade in Newark. The comeback is underway.

  32. STEAMturd recounting the circumference of Hillary's Meaty Cankles. says:

    In other news… Original calls in brackets.

    PLUG = $1.36 (4.18)
    Nates = $0.0018 (.0069)

    PCLN = $1,546.19 (1,265.68)
    AL = $35.84 (31.53)

  33. STEAMturd recounting the circumference of Hillary's Meaty Cankles. says:

    “Once you get that first job no one cares where you went to school.”

    So true. This coming from a Montclair State Grad.

    A coworker of mine (on the same mid-management level) graduated with a business degree from Princeton.

  34. STEAMturd recounting the circumference of Hillary's Meaty Cankles. says:

    I was adamant about the construction of the baseball stadium in Newark with my county tax dollars. Look how well that decision went. I love NJ!

  35. I have a friend who has twins (1 boy, 1 girl), both juniors in HS now. He breathed a sigh of relief when both his kids qualified for free college tuition in the Spring. It’s nice to know during your kid’s sophomore year in HS that they are all set no matter what. It looks like you only have to live in MA for one year prior to qualify.

  36. 3b says:

    Ex pat: does not get better than that. But keep in mind nj is at the epicenter of the universe and everyone wants to live here so it’s all worth it!!

  37. Exactly. Just like once you start college nobody will ever care again what your HS grades were.

    Pro tip: If you transfer schools you get to start your GPA over again, only the credits transfer. I was two semesters away from getting my BSEE degree from RU, but my GPA was pretty locked in at around 1.0. I transferred to FDU instead. It cost me an extra semester (because “D”s don’t transfer), but 3 semesters later I was a 3.52 high honors graduate with a BSEE degree.

    “Once you get that first job no one cares where you went to school.”

  38. I actually had a little bit of trouble transferring to FDU because of my low RU GPA. They only admitted me as a part time student and required me to complete something like 12 credits part time over 2 semesters before I could go full time. The other problem was no financial assistance for part time students. I had taken a year off since leaving RU, so I had saved some money while working full time as a bus and limo driver/Physics tutor. So I paid full boat for two 3 credit courses , aced them both and then appealed to the dean to let me go full time the next semester, which worked. That opened up the financial aid flood gates and allowed me to live on campus, but I still had to pay about $1800 per semester out of pocket to pay off my term bill, which wasn’t a small feat while going to school full time, but I did it. At FDU they would also let you stay in your on-campus apartment during the Summer for a fee, of course. I also had to pay for two Summer courses if I was going to graduate with just one more semester in the Fall. I literally had no other residence or address other than FDU for all of 1983 and was still living in my on-campus apartment between semesters in January 1984 when I began work in Wayne as an engineer on 1/2/84. I saved up enough money from my first couple paychecks plus Tutoring to get a $300/month apartment for February 1st before FDU found out I was still living there.

    It’s too bad kids don’t have to hustle like that for themselves anymore.

  39. That’s why I take my kids to NJ once or twice a year to get them to dream about where they could possibly live if they do better than their Mom and I. I would drive them by Pumpkin’s place to show them what the good life looks like, but its kind of a dangerous road.

    Ex pat: does not get better than that. But keep in mind nj is at the epicenter of the universe and everyone wants to live here so it’s all worth it!!

  40. Lost says:

    Post of the day so far. Why is this so hard to grasp? We have legions of inner city parks, streets. and schools looking like a disaster, yet we just hand money over for nothing? Why not let them have some skin in the game, maybe they will stop ruining their parks and schools, and instead have some pride in it.

    “Want to make the US like Canada? Stop Section 8 housing and welfare. Rather than locking Democratic voters on the dole, give them sh1tty jobs. You would be surprised how well this works. But then you lose their vote.”

  41. Lost says:

    So how come the real estate market doesn’t reflect this?

    funnelcloud says:
    December 12, 2016 at 10:51 am
    Another twist on same old story Millennials leaving in droves, Boomers leaving in droves, Businesses leaving in droves , Millionaire leaving in droves, White people Leaving in droves. all previously published articles. People are leaving because (many, not all) find that life is better for them outside of NJ in terms of affordability. NJ is just to corrupt, law makers are to over reaching and the state is just to F*&king Expensive for the average middle class family

  42. Lost says:

    Based on your assessment, they should be just giving away real estate because no one wants to live here. Hmmm, something must be off, and it must be your negative opinion.

  43. Lost says:

    See, it’s not so bad over here. If you were in one of those cheap cost of living areas you obsess about, no way you go four for four with your kids. Too many bad influences to get in the way.

    “All my guys went in state finished in 4 years and have pretty good jobs. No loans for us or them. Once you get that first job no one cares where you went to school.”

  44. STEAMturd recounting the circumference of Hillary's Meaty Cankles. says:

    It’s open enrollment time. Insurance for me and my two sons has gone up yet again (thank you Obama). What’s another $1,000 per year? Figure my property tax increase will be about $600, my medical increase $1,000 and NJ transit will probably go 30% again so figure $662 for Gator’s monthly rail pass. Factor in the $100 the gas tax will cost. The first 2.5 to 3,000 of any salary increase will be eaten up. Sadly, I haven’t received even a 3% raide since the early 2000s. And you wonder why everyone is leaving the state. I’m doing pretty well for myself. The poor schlub making 40-50K per year is getting whacked hard.

  45. jcer says:

    Steam, this state is only for the rich at this point….the average schlub is finished here. We only have bankers, highly paid professional and govt workers, there is no one else.

  46. STEAMturd recounting the circumference of Hillary's Meaty Cankles. says:

    Damn I should have invested more in the public insurers!!! I have to start thinking like JJ. There is absolutely no way our government is going to curtail medical profits. Heck ADA has brought the industry so many more people to treat with much deeper pockets now.

  47. STEAMturd recounting the circumference of Hillary's Meaty Cankles. says:

    ACA (whoops).

  48. Grim says:

    Many states still have prepaid tuition plans. NJ doesn’t even offer an incentive in investing in a NJ 529. None!

    Probably because it would mean more kids leaving for out of state schools

  49. D-FENS says:

    I think you get a small scholarship if you go to a NJ college.

  50. STEAMturd recounting the circumference of Hillary's Meaty Cankles. says:

    Annual deductible – $500 individual $1,500 family (Now $750-$2250)
    Annual out-of-pocket maximum – $5,500 individual $11,000 family (Now $6,500-$13,000)

    Copays all went up another $5 too.

    Oh why didn’t I become a kindergarten teacher?

    And this is our middle of the pack plan between best and catastrophic. The best plan costs $220 more a month and you could hit the max out of pocket and deductibles and you still wouldn’t do better. Our company is obviously driving everyone into the mediocre plan. I guess the rates the company is paying is getting worse as less and less people can afford the best plan.

  51. STEAMturd recounting the circumference of Hillary's Meaty Cankles. says:

    “I think you get a small scholarship if you go to a NJ college.”

    This must be new. It wasn’t there 4 years ago when I opened the “D’s” 529. Do you have any information on it?

  52. Comrade Nom Deplorable, just waiting on the Zombie Apocalypse. says:
  53. Comrade Nom Deplorable, just waiting on the Zombie Apocalypse. says:

    DFENS

    “Why don’t you move to Canada if it’s so great?”

    I am still trying to figure out why he moved here.

  54. D-FENS says:

    Was it a Russian Judge?

  55. Lost says:

    Still can. People will be working into their 70’s, so you have plenty of time to still make that career change.

    “Oh why didn’t I become a kindergarten teacher?”

  56. Lost says:

    This is the definition of robbery. Why everyone complains about taxes when they should all be focused on fixing this problem that steals right from the workers pockets. When their “raise” goes directly to higher insurance costs that 90% barely use…..houston, we have a problem.

    “Annual deductible – $500 individual $1,500 family (Now $750-$2250)
    Annual out-of-pocket maximum – $5,500 individual $11,000 family (Now $6,500-$13,000)”

  57. Comrade Nom Deplorable, just waiting on the Zombie Apocalypse. says:

    DFENS

    Must have been. He only awarded 5.5 and criticized her dismount.

  58. 3b says:

    Lost has nothing to do with bad influences in other areas vs here. Surely you don’t really believe that? The nice well kept suburbs are filled with bad influences like the heroin scourge in many north jersey high schools in the best areas. Not to mention the other putrid dirty laundry that exists in these wonderful towns. No it was simple we laid it out for them. We pay full cost of in state tuition as long as every grade is B or better. If you want out of state or private the difference is on you. It was that simple.

  59. Comrade Nom Deplorable, just waiting on the Zombie Apocalypse. says:

    Lost,

    You really don’t know much about insurance, do you?

  60. 3b says:

    Comrade I don’t know why fab is over here either. I think he would be more comfortable in England or Australia or wherever he is from.

  61. Lost says:

    Made good money trading plug, but gave it all away on nates. It happens, can’t win them all. Broke my number 1 rule for penny plays of never holding (because I actually believed in this. Tasted the product, loved the idea, and made a big mistake. Never fall in love, it blinds you.) I really thought this was one of the few otc plays worth holding onto, and now I have to pray they actually come through with a contract or pump it to over a penny so I can exit. Yes, so had to learn the lesson all over again, never ever hold an otc stock, just trade it. Make a quick 10% gain or more, and be gone. In other words, stay the hell away for 99% of people out there.

    “PLUG = $1.36 (4.18)
    Nates = $0.0018 (.0069)”

  62. STEAMturd recounting the circumference of Hillary's Meaty Cankles. says:

    http://www.nj.com/insidejersey/index.ssf/2010/09/why_new_jerseys_529_plan_is_no_1.html

    Interesting. Thanks D-Fence.

    Might make sense do invest the minimum amount to max out the scholarship providing additional diversification over another lower-priced and less managed 529. Of course, the majority of my college savings is my multi-family in Montclair.

  63. 3b says:

    Steam I bought zero coupon munis years ago when I was on the street. That’s how the wealthy did it or at least years ago they did. Took a chunk of my bonus every year and bought them. Listened to people who were smarter than me and knew their stuff.

  64. Lost says:

    At least in the nice towns in nj, almost all kids carry the same mindset. They all understand that they need to be educated in order to improve their life standing. Go to other areas, like florida, and you better pay damn good attention to who your kid is friends with. He/she will get nothing but bad influences in these “cheap” cost of living areas. It sucks, I know, no one wants to pay a high cost of living, but understand why you do. If you are single with no family, run to the cheap locations. If you are raising a family, you have to be bat sh!t crazy to raise your kid in one of those low cost of living areas. It is what it is.

    3b says:
    December 12, 2016 at 1:43 pm
    Lost has nothing to do with bad influences in other areas vs here. Surely you don’t really believe that? The nice well kept suburbs are filled with bad influences like the heroin scourge in many north jersey high schools in the best areas. Not to mention the other putrid dirty laundry that exists in these wonderful towns. No it was simple we laid it out for them. We pay full cost of in state tuition as long as every grade is B or better. If you want out of state or private the difference is on you. It was that simple.

  65. STEAMturd recounting the circumference of Hillary's Meaty Cankles. says:

    What’s a bonus? :P

    We are fine…Just annoyed how much more difficult it is to get ahead. If it wasn’t for my multiple facets of frugality, I’d really be in big trouble. I can understand why so many people carry credit card and home equity debt. I have neither. Wonder what percentage of the population is paying two times for everything?

  66. STEAMturd recounting the circumference of Hillary's Meaty Cankles. says:

    It is not the school that makes your kid perform. It is the kid that makes the school perform.

  67. Lost says:

    Oh I get, in theory, the majority pay a low cost to make up for the very sick. Unfortunately, the system is broken, you have too much profit being taken out of the system to the point that a worker’s “raise” goes all to the increase in insurance, while at the same time, they are getting less and less for their money. So I think I completely understand what is going on, and it needs to be fixed.

    Comrade Nom Deplorable, just waiting on the Zombie Apocalypse. says:
    December 12, 2016 at 1:45 pm
    Lost,

    You really don’t know much about insurance, do you?

  68. Lost says:

    Would like to ask a question you a question, 3b. You always talk about the cheap cost of living areas as if they are some kind of utopia due to everything being cheap. Why didn’t you raise your kids in one of the “cheap cost of living areas” in nj? You could have your cheap house, cheap taxes, with access to very good jobs, so why aren’t you living in one of these areas? Let me guess, you don’t like the people that live there. So what makes you think these low cost of living areas in other states are something to dream about? Why do you think like that, when you put down the cheap locations in nj?

    “It sucks, I know, no one wants to pay a high cost of living, but understand why you do. If you are single with no family, run to the cheap locations. If you are raising a family, you have to be bat sh!t crazy to raise your kid in one of those low cost of living areas. It is what it is.”

  69. 3b says:

    Steam bonus was back in the day when you produced you got a bonus! Big ones many years. Back when the street was fun and profitable!!

  70. 3b says:

    Lost I won’t belabor the point with you but not all is white picket fences and nuclear families in these oh do wonderful north jersey suburbs. There is an underbelly and some of it is right out of crap you might see on TV! As for Florida I am sure lots of kids grow up fine there go to college and get good jobs and all for a lot less than in NJ.

  71. STEAMturd recounting the circumference of Hillary's Meaty Cankles. says:

    The problem, as I see it first hand, is that ACA was not about fixing rising health care costs at all. It was about getting those with preexisting conditions covered and keeping the poor out of the hospital when much of their illnesses could be treated in clinic. But the costs haven’t increased entirely due to covering those with preexisting conditions. It’s that those who f0rmerly didn’t have coverage but stiffed the hospitals now get much better care than they would have prior to ACA. Now, if there is an expensive test that might work better than a cheaper test, everyone gets the expensive test. In the past, when you came in uninsured, you got the cheaper test. We witnessed this with our son. Does your insurance cover the super drug? Or if they don’t cover it, the generic works the same. I’ve seen this time and time again. Everyone bills the most they can once you hit your max out of pocket. Of course, health care will never be fixed without single payer. And you’ll never get single payer as long as the lobbyist model still exists.

  72. Lost says:

    Lib, good post, and you hit the nail on the head. Insurance artificially drives up the price. They would never ever get to charge what they do if insurance wasn’t there to pick up the bill. People don’t have that kind of money out of pocket, hence, can’t charge ridiculous pricing. Bring in a single payer, but with the option for the rich to pay out of pocket if they need the care asap. Only way to fix this mess.

  73. STEAMturd recounting the circumference of Hillary's Meaty Cankles. says:

    Pumps. I’ve lived in a basement in Clifton, I shared a room in Lincoln Park. I lived in a sh1tty row house in Jersey City. In all of these places, there are good people and there are bad people. Same with Glen Ridge. There are people who care way too much about appearances and terribly little about friendship. There are some very wealthy people who are incredibly generous and much less well off who are even more. I think they get it more. I would bet that by far, the majority of the donors to say, the 911 fund were from the Clifton people more so than the Montclair people. There is something to be said there. You seem to be fixated too much on wealth. My goal is to get my kids educated and live a meager existence down in Costa Rica with enough funds to fly my kids down whenever they want to visit. I need a hammock, a garden and access to the ocean to fish. Probably a propane generator to power a fridge and the internet. I want to be far from civilization.

  74. 3b says:

    Lost: I don’t talk about any specific low cost areas in particular nor do I claim any place is utopia. What I do say is that there are other areas in the country that provide services including good schools etc and do it cheaper. You on the other hand equate high taxes with high quality I don’t. You also assume most other people in the country live in trailer parks have missing teeth and marry their cousins. And in fact I did chose the lower cost area when I moved to NJ. Property taxes were lower car insurance gas and electric among other things. NJ was a great alternative vs westchester county. Plus nj had a thriving economy all its own in addition to being close to nyc. Those advantages/ positives are all gone now. And I did everything in my power to try and convince people the spending in our town was/ is out of control. It fell on deaf ears.

  75. Blumpkin – People lose money on their RE the same way, even as some pretend they don’t (and taxes aren’t paid in real money).

    Tasted the product, loved the idea, and made a big mistake. Never fall in love, it blinds you.

  76. Fast Eddie says:

    And yet you all still respond to lost pumpkin as if she was real.

  77. She’s a pretty fun toy to watch when you wind her up just right.

  78. NJ used to be a “gainer state”, then it was a “keeper” state, now its a loser state. I would say that most people who end up living enjoyable, productive, and prosperous lives in NJ were born in NJ or are immigrants from other countries. In the early and mid 1960’s it would be typical for about every other house in a new development were young couples from New York, no more. There used to be a substantial amount of executive transfers in but I would think it netted close to zero with transfers out, but that era is over for a long time now too. Try to think of any typical families where at least one of the adults weren’t born in NJ, only one couple comes to mind for me. NJ works out fine for people who just don’t ever think about leaving, but there’s less and less to attract people from the outside and the cost of leaving is now soaring while the quality of life (particularly commuting) is falling which is pushing people out, especially as they retire on their own insufficient savings instead of a never-ending pension. The boomers will be moving their basements elsewhere so the millennials have no choice but to follow.

  79. 3b says:

    Yeah we do Eddie. I am guilty too. By the way I believe pumpkin/ lost is a guy.

  80. STEAMturd recounting the circumference of Hillary's Meaty Cankles. says:

    Pumps is like that homeless guy with the two dogs. You notice he’s wearing clean new J0rdans, but you look at his skinny dogs and give some money anyway, knowing full well that that buck you just gave him is going straight to the scumbags next crystal meth fix. The dogs will probably get to eat his vomit.

  81. STEAMturd recounting the circumference of Hillary's Meaty Cankles. says:

    Hey Chi…you still own any Ubuntu?

  82. chicagofinance says:

    huh?

    STEAMturd recounting the circumference of Hillary’s Meaty Cankles. says:
    December 12, 2016 at 4:08 pm
    Hey Chi…you still own any Ubuntu?

  83. I think one obvious, but un-factored, thing that is driving millennials out of any place suburban is their addiction to their phones. Owning and driving your own car works out to well over $1,000-$1,300 per month (amortized, all in cost), but more importantly, driving takes young adults away from the one thing they want to do all of their waking hours – staring at their phone touching the glass. In my day it was music, you just couldn’t stand to be without FM stereo and cassettes (and CDs after that), then cell phones and constant contact with friends via voice was more important than anything, but that could be done while driving too. Now it’s all eyes and thumbs, which won’t work concurrently with driving and most kids I know are lukewarm to even obtaining a drivers license. Until it’s all driverless cars, NJ will not be attracting millennials except where public transportation gets the where they’re going at a reasonable price.

  84. Breaking: I just heard on Bloomberg radio that Congress will be in session once every three days from now until the inauguration to prevent Obama from making a recess appointment to the Supreme Court. My understanding is that Congress has to be out of session for 3 or more days to enable a recess appointment and that if Obama was able to make an appointment this way we would be stuck with that Justice for 1 year.

  85. yome says:

    My son a Rutgers Grad working at MS just got promoted to Associate. He was worried he will not get the job because they usually promote Ivy Grads. He asked his boss if he needs to go for his Masters. “What for? You are already in” The kid is 29 making $120K with $80K bonus. No student loan.My total investment at Rutgers $60k 4 years.

    “Once you get that first job no one cares where you went to school.”

  86. Nice yome. That’s also how the numbers should work out. To my way of thinking if your starting salary is not somewhere in the 1-2 times total college outlay, it’s not worth it. For $220K at a private college today, your starting salary should be at least $220K, to my way of thinking. I’m sure most parents and kids never consider the cost of 4-5 years of lost wages which ups the cost at least another $100K or so.

    My son a Rutgers Grad working at MS just got promoted to Associate. He was worried he will not get the job because they usually promote Ivy Grads. He asked his boss if he needs to go for his Masters. “What for? You are already in” The kid is 29 making $120K with $80K bonus. No student loan.My total investment at Rutgers $60k 4 years.

    “Once you get that first job no one cares where you went to school.”

  87. Lost says:

    This might be the best response you have written to me on this subject. It really goes a long way in helping me to understand your perspective.

    My point with high taxes has always been to acknowledge that high taxes can be found in any desirable neighborhood in any state that offers the same lifestyle/ammeneties that north jersey does. If it’s not within 10% of the cost of jersey in overall tax cost, it’s not a place someone from the stuck up metropolitan area would want to live.

    Jersey used to be looked down on by New Yorkers, but northeast nj is becoming NYC. It not the country setting it used to be, it’s quickly subcomming to urbanization. I don’t know about the rest of the state, but the area within 287 to the river will be a GOLDMINE in the next 50 years. The amount this land will accrue in value in the next 50 years will be phenomenal. Money talks, and zoning laws will be changed, and this urbanization train is impossible to stop. When you look at pictures of parts of Clifton rutherford in 50 years, it won’t be recognizable as well as the entire Gold Coast. Some places like alpine might maintain their character, but the garfields of northeast jersey will be transformed into pure cities. Just think what jersey looked like 60 years ago….rt 3 was only 10 years old and the urban decay as a result of white flight was only beginning. Most of the area was covered in farms. This is not long ago at all. Look how much has changed.

    3b says:
    December 12, 2016 at 2:43 pm
    Lost: I don’t talk about any specific low cost areas in particular nor do I claim any place is utopia. What I do say is that there are other areas in the country that provide services including good schools etc and do it cheaper. You on the other hand equate high taxes with high quality I don’t. You also assume most other people in the country live in trailer parks have missing teeth and marry their cousins. And in fact I did chose the lower cost area when I moved to NJ. Property taxes were lower car insurance gas and electric among other things. NJ was a great alternative vs westchester county. Plus nj had a thriving economy all its own in addition to being close to nyc. Those advantages/ positives are all gone now. And I did everything in my power to try and convince people the spending in our town was/ is out of control. It fell on deaf ears.

  88. chicagofinance says:

    yome: 7 years as an analyst? I can see why he got paranoid……to be clear…Bachelor’s 2 years as an analyst…then one to two more years of other work for seasoning, then MBA…..so you end up as an associate at 28……what may hold him back is that at an MBA program he/she would have made friends with people who end up with contacts into his coverage space……it greases the skids for being a rainmaker……if he has the talent, it won’t matter, but at a certain point it makes a difference as the hierarchy gets narrower and narrower as you go higher….

    yome says:
    December 12, 2016 at 5:21 pm
    My son a Rutgers Grad working at MS just got promoted to Associate. He was worried he will not get the job because they usually promote Ivy Grads. He asked his boss if he needs to go for his Masters. “What for? You are already in” The kid is 29 making $120K with $80K bonus. No student loan.My total investment at Rutgers $60k 4 years.

    “Once you get that first job no one cares where you went to school.”

  89. 3b says:

    Lost north Jersey is part of nj with all the negatives attached to that. Being close to NYC won’t change that.

  90. Steamturd thinking about the remains of Hillary's umbilical stump says:

    Chifi…You mentioned UBNT a long ways back… Was an excellent pick if you stayed in it through the first drop. That’s all.

  91. Outofstater says:

    Re: College. The University of Alabama at Tuscaloosa’s current freshman class is over 50% out of state. 40% of the class scored at the 95th percentile or better on the ACT. 31% have high school gpa’s of 4.0 or better. How do they attract good students? Money. Any out of state student who has a 3.5 gpa and a minimum 32 on the ACT is guaranteed four years of free out of state tuition and the individual schools kick in a few thousand more per year as long as the student maintains a 3.0. Alabama also permits students to “stack” scholarship dollars so if a student has a scholarship from outside the university as well as Bama scholarships and the total package exceeds the cost of attendance, Bama lets the student keep the extra money. Roll Tide.

  92. Fabius Maximus says:

    “Minister of Innovation, Science and Economic Development was a financial analyst.

    Oh yeah…that’s what we want.”

    I’ll take someone who can look at the financial benefits of the activity, vs someone who is a Creationist or tied to the coal lobby.

  93. Fabius Maximus says:

    “So no more opposition to the Canadian oil rolling through Bergen County?”

    No, still don’t agree with it but I can see his point, I’m scraping it up and shipping it down there.

    But we still have to deal with this.
    http://www.cnbc.com/2016/12/12/pipeline-spills-176000-gallons-of-crude-into-creek-about-150-miles-from-dakota-access-protest-camp.html

  94. Fabius Maximus says:

    “In the meantime the oil still gets to Linden…just on trains with a higher risk of an accident.”

    Here are my biggest issues with Tar Sands transportation. Its more sulfuric, so it corrodes anything carrying it. It has low viscosity so the pumping pressure has to be higher to push it through the pipeline, or the rail cars have to be heated.

    Think about that last point, you have to heat a highly volatile substance to transport it, otherwise you can’t get it out at the other end. What could go wrong?

  95. New Jersey – The Pipeline State.

  96. Chicagofinance says:

    Go fcuk yourself

  97. Chicagofinance says:

    Not you ex pat. Lol

  98. Ben says:

    I’ll take someone who can look at the financial benefits of the activity, vs someone who is a Creationist or tied to the coal lobby.

    I know, if you were president, Pumpkin would have a major role.

  99. Fabius Maximus says:

    “I know, if you were president, Pumpkin would have a major role.”
    It sure as he11 would no be this guy. Call the souce a partisan Hack, but the facts stand on their own and its Fcuking Scary!

    http://www.motherjones.com/politics/2016/12/guide-donald-trump-debt

  100. Comrade Nom Deplorable, just waiting on the Zombie Apocalypse. says:

    Rory, I went back and read your first post and I must say, I’m impressed.

    You’ve never used up so much bandwidth to say absolutely nothing of substance and relevance.

  101. Comrade Nom Deplorable, just waiting on the Zombie Apocalypse. says:

    And your last post is a partisan hack job that anyone who works in finance or knows something about structuring commercial RE loans would see through in a heartbeat. Of course, your average MJ reader doesn’t fit that definition.

  102. Fabius Maximus says:

    “You’ve never used up so much bandwidth to say absolutely nothing of substance and relevance.”

    I that the definition of 6 minute increments?

  103. Fabius Maximus says:

    Is that

  104. Comrade Nom Deplorable, just waiting on the Zombie Apocalypse. says:

    Far from it, Rory, far from it.

    The very first fee check I ever received, from my first direct client, had a message in the memo line: he wrote “money well spent.”

    I try to live up to that every day and you don’t do it by wasting time or energy. That’s a coder’s job. Or a gov contractor.

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