America loves houses again

From HousingWire:

Realtors: Homebuyers flooded housing market in first quarter

The first quarter of 2017 saw the strongest quarterly home sales pace in a decade, according to the latest quarterly report from the National Association of Realtors.

This increase in home sales put downward pressure on housing inventory levels and caused home prices growth to accelerate its rate of increase in the first quarter, the report states. In fact, metro home prices now accelerated for three consecutive quarters.

The national median home price increased to $232,100, up 6.9% from the first quarter of 2016. This represents the fastest rate of growth since the second quarter of 2015.

“Prospective buyers poured into the market to start the year, and while their increased presence led to a boost in sales, new listings failed to keep up and hovered around record lows all quarter,” NAR Chief Economist Lawrence Yun said. “Those able to successfully buy most likely had to outbid others, especially for those in the starter-home market, which in turn quickened price growth to the fastest quarterly pace in almost two years.”

Single family home prices increased in 85% of markets as 152 of 178 metropolitan statistical areas showed sales prices gains in the first quarter, the report states. However, in 14 MSAs, home prices decreased year-over-year.

“Several metro areas with the healthiest job gains in recent years continue to see a large upswing in buyer demand but lack the commensurate ramp up in new home construction,” Yun said. “This is why many of these areas, in particular several parts of the South and West, are seeing unhealthy price appreciation that far exceeds incomes.”

Total existing home sales, including single-family homes and condos, increased 1.4% in the first quarter to a seasonally adjusted rate of 5.62 million, the highest rate since the first quarter of 2007. This is up from 5.55 million in the fourth quarter of 2016 and from 5.36 million in the first quarter of 2016.

Housing inventory, however, decreased 6.6% from 1.96 million homes for sale in the first quarter last year to 1.83 million this year. This average supply rested at 3.7 months in the first quarter, down from 4.2 months last year.

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

98 Responses to America loves houses again

  1. grim says:

    Continuing from yesterday, some additional stats:

    Approximately 34% of NJ households are families with children under the age of 18.

    The MEDIAN family income for NJ households with children is $90,300 in 2015, this is higher than the median household income for NJ of $72,222. This compares to about $69,800 nationally for households with kids. Moving to 4 or 5 person households (this may not include kids, don’t have the numbers) – this increases to $104,000. Coincidentally, this is the same for households with at least bachelor degrees.

    Approximately 20% of NJ households make more than $150,000.

    Pew released a “what it takes to be middle class” study a year or so ago, I remember that the dividing line to be considered “upper middle class” in NJ was a household income of $149,000.

    Median Family Income in NJ in 2014 – Spouse in Labor Force – $115,115 – Spouse not in Labor Force – $66,986.

    Characteristics of Families with Kids in NJ – 2015
    # of Children under 18
    None – 56.1%
    One – 20.3%
    Two – 16.5%
    Three – 5.5%
    Four or More – 1.5%

    # of Children under 6
    None – 83.5%
    One – 12.0%
    Two – 4.2%
    Three or More – 0.3%

  2. D-FENS says:

    Ray Lesniak:

    New Jersey has 65,000 foreclosed homes. The most in the nation. Here’s the biggest part of what caused the problem:

    Phil Murphy was on the Goldman Management Committee at the time they were selling subprime and near subprime securities that tanked years later. Murphy tries to disassociate himself by saying he wasn’t at Goldman when the financial industry tanked, but he was on the Management Committee when the policies were established.

    Goldman paid the SEC $6 billion to offset claims of losses to individuals as a result of their fraudulent activities during the mortgage crisis.”

  3. Grab them by the puzzy says:

    you either poor or rich. take your pick, i don’t care.

    middle class is a meaningless concept

    grim says:
    May 16, 2017 at 6:10 am

    “what it takes to be middle class”

  4. grim says:

    One percenter that tries to make himself seem blue collar by saying his boss stole his pay when he washed dishes as a kid?

    Give me a break, his net worth is estimated to be north of $100 million.

  5. The Great Pumpkin says:

    My family income is higher than 200k, but you are correct. Buying a multi-family at such a young age and at the right time has made all the difference….hence, I respect the ability real estate provides as a worthy investment over time.

    Did I have help, yes, but it was not just given to me. I’m not some spoiled brat, haven’t taken a dollar from my mother since the age of 15. Wait, I did use my parents car till the age of 19 when I bought myself a new car(99 civic si electric blue). So had help with insurance and food. Yes, I was the cheapest mofo during my teenage years and early 20’s(never going back to that lifestyle ever again, I did my time). How else did I pay for a car and save for a down payment at such a young age?

    Have worked since the age of 15. Also payed my way through college (my brother and sister had theirs paid for, I had to pay my own). Reason, I thought I didn’t need college to make money. So argued with my parents after my first semester of college that I’m not going to waste time and money on college. Rather start working and saving for a business. So they said that they will let me learn the hard way, and when I learned my lesson, which I certainly did, I would be responsible for paying for it. So left college and went to be a plumber for a few months. While working as a plumber, decided to take the civil service test for the post office. Got in at the earliest age you could. So worked at the post office for 2 years, saved a crap load of money working 60-70 hour weeks (example- including Sunday’s, my entire summer at 19 had one day off).

    After two years of working myself into the ground, and missing out on my childhood, woke up with shakes (yes overworking yourself will do this), and decided to go back to college. Learned my lesson, and went hard with college taking no less than 18 credits a semester. While I was in college, worked as a waiter, tennis instructor, and cut lawns for gas money (also had a side business which I won’t go into during college). All the while, kept collecting rent, growing equity in my property. That’s the story of Pumpkin.

    chicagofinance says:
    May 15, 2017 at 10:00 pm
    In NJ 200K is sh!t unless someone hands you a house and takes care of incidentals such as your children’s college tuition……oh I’m sorry….excuse me……

  6. Steamturd supporting the Canklephate says:

    “middle class is a meaningless concept”

    Just like every single thing that comes out of your pie hole.

  7. The Great Pumpkin says:

    True story. When I was young, my friends would go into quick check and buy a little bottle of coke for 1 dollar. I held back, even though I was beyond thirsty, because I knew I could get a 2 liter at the local grocery store for less than a dollar. Sacrifice to save up for that down payment.

    My dad used to say to me when I was young that he had no doubt in his mind that I would be wealthy because I barely spent any money. I’m not like that anymore, no need to be, but there was a point in my life where it was not an option if I wanted to get ahead.

    homeboken says:
    May 16, 2017 at 9:17 am
    Short Avocados –

    http://www.cnbc.com/2017/05/16/millionaire-millennials-avocado-property-coffee.html

  8. Steamturd supporting the Canklephate says:

    Homeboken,

    A tiny cafe opened up on a corner by me. It’s actually named, “The Corner.” For the past 30 years, I watched restaurant after restaurant fail in that location. And there’s plenty of parking around, so really, not sure what the deal was. Well every time I drive by the Corner, the lines are out the door. And the place has absolutely no open space inside. Besides the couple of tables, there are also ledges that run the length of the windows on two sides of the space with high stools. I’ve never been there, but my wife has gone a couple of times. I asked her what the secret of their success is? She says, “the Avocado Toast.” Complete hipster joint. The breakfast sandwich comes with pickled onions. Need I say more? Want a burger? $13!

    I think am going to open a restaurant on the opposite corner named “Catercorner.” It will have an identical menu, but I’ll add an ever-popular aioli to every dish. There’s no way it could fail.

  9. The Great Pumpkin says:

    “One of those irrational reasons may be simple habit. Something strange happens when people retire, Browning says. All of a sudden, they’re not getting a regular paycheck, and that makes them scared to spend. Goals set before retirement are abandoned, along with pre-determined spending plans, because retirees are terrified see the balances on their retirement accounts drop even a tiny bit.

    In all, American households and nonprofits were worth $93 trillion at the end of last year, according the U.S. Federal Reserve. That’s almost $300,000 for every man, woman, and child in the country. Of that, Americans held $25.3 trillion as retirement assets, according to the Investment Company Institute. That includes $8.4 trillion in defined-benefit pensions and $14.9 trillion in individual retirement accounts and 401(k)-style plans.

    If the bulk of that money never gets spent, that’s a big problem. Set aside that the U.S. economy could use the boost. Studies show that active retirees live longer, happier lives. There are cheap ways to get out of the house, of course, but a little spending money gives retirees far more options for exercising, socializing, and traveling.”

    https://www.bloomberg.com/news/articles/2017-05-16/rich-retirees-are-hoarding-cash-out-of-fear

  10. Steamturd supporting the Canklephate says:

    I just checked out their specials. They have black toast with bee pollen. That Australian guy was right.

  11. Fast Eddie says:

    Pumpkin,

    It’s time to change the shtick and the stage name. It’s really stale now.

  12. abeiz says:

    Is there a way to exclude posts from the most recent iteration of Pumpkin from the blog feed?

    I just can’t deal with the endless paragraphs of self aggrandizement. Pumpkin, nobody gives a half a homeless fk about your life story and prowess. For the love of lower property taxes, self moderate yourself and just shut the fk up already!

    It’s incredibly time consuming to scroll past every turd this guy litters this blog with.

  13. chicagofinance says:

    Where is FlabMax when you need him? Oh I forgot HIS people are beyond reproach…..

    There is tangible evidence on the laptop of a former DNC staffer that confirms he was talking to WikiLeaks prior to his murder, a private investigator suggested Monday.

    Seth Rich was killed last July in what authorities have called a robbery gone awry.

    But Rod Wheeler, a former DC homicide detective and Fox News contributor, is leading a parallel investigation into Rich’s murder.

    Wheeler told Fox 5 DC that he believes there is a cover-up and the police department may have been told to back off the investigation.

    “The police department nor the FBI have been forthcoming,” Wheeler told the station. “They haven’t been cooperating at all. I believe that the answer to solving his death lies on that computer, which I believe is either at the police department or either at the FBI. I have been told both.”

    Wheeler added that a source in the DC police department “looked him in the eye” and told him that investigators were told to stand down in the case.

    “Now, that is highly unusual for a murder investigation, especially from a police department,” he said. “Again, I don’t think it comes from the chief’s office, but I do believe there is a correlation between the mayor’s office and the DNC and that is the information that will come out.”

    Assange also implied in August that Rich was killed because he was WikiLeaks’ source of emails from top DNC officials showing they conspired to stop Sen. Bernie Sanders from becoming the party’s presidential nominee. That controversy resulted in Debbie Wasserman Schultz having to resign as DNC chairperson.

    Joel Rich, Seth’s father, downplayed any possible link between his son and the website. He told Fox News in January he believes Seth was killed during a robbery and not because he leaked information.

    Security footage showed two men following Rich home moments before he was shot twice in the back. The camera only captured the assailants’ legs. Police said nothing of value was stolen from Rich.

    Rich would have had access to sensitive DNC information. His main duty at the DNC was to build an online system to get out the vote. The system, which combines government data, technologies and formats from all 50 states, allows anyone to check if they are registered to vote and, if not, where to register and how.

  14. D-FENS says:

    Murdered DNC staffer Seth Rich had sent 44,000 internal emails to WikiLeaks: Report
    by Kyle Feldscher | May 16, 2017, 8:22 AM

    http://www.washingtonexaminer.com/murdered-dnc-staffer-seth-rich-had-sent-44000-internal-emails-to-wikileaks-report/article/2623186

  15. The Original NJ ExPat says:

    Bigger story? Your choice:

    1. Trump told the Russians that notebook computers were going to be used as bombs on airlplanes.
    2. DNC staffer Seth Rich sent 44,000+ emails to WikiLeaks before his murder on the streets of DC last Summer.

    It seems like the MSM has voted unanimously for #1

  16. jcer says:

    Pumpkin, it makes sense when you have no steady income source you are going to keep a big cushion, one never knows what life brings, it isn’t hoarding it’s prudent money management and lets not forget those funds are invested and working in the economy. That money will likely be spent on healthcare at the end of life or it will go to their children.

  17. D-FENS says:

    That’s just it…Trump told Russia lookout for bombs in laptops on airplanes…That’s what we’re supposed to be freaking out about?

    Like nobody knew that?

  18. Bagholder says:

    ‘2. DNC staffer Seth Rich sent 44,000+ emails to WikiLeaks before his murder on the streets of DC last Summer.’

    Odd timing of a seemingly phony story. Being pushed hard too.

    “The family of murdered Democratic National Committee staffer Seth Rich on Tuesday strongly rejected reports claiming he had been in contact with WikiLeaks.

    “As we’ve seen through the past year of unsubstantiated claims, we see no facts, we have seen no evidence, we have been approached with no emails and only learned about this when contacted by the press,” spokesperson Brad Bauman told BuzzFeed News in an emailed statement.

    Fox 5 in Washington, DC, first reported last night that the “family’s private investigator” had found “tangible evidence” on Rich’s laptop showing he was in touch with WikiLeaks before he died last summer. Then this morning, Fox News reported that Rich “had leaked thousands of internal emails to WikiLeaks,” citing a “federal investigator.”

    Yet Rich’s family said in its statement that the private investigator was “paid for by a third party” and under his contract had been “barred from speaking to press” without explicit authorization from the family.”

  19. Bystander says:

    Stu,

    I think ‘sit down’ restaurant model might die with this generation, outside of tapas and asian fusion places. If the hipster eats $13 avocado toast 3 times a week, it is still cheaper than one person meal at traditional Italian joint that wants $12 for app, $20 for pasta, $12 for glass of wine and 20% tip. Shoot, I called old Italian joint in Stamford for Mother’s day brunch and they wanted $60 per person with no drink. $90 per person with tip estimated so I declined of course. Spent half that for better meal at new, hip place.

  20. The Great Pumpkin says:

    I don’t know. Ever since Trump became a politician, our govt has turned into a reality tv show filled with worthless drama. As soon as he stepped up to be a politician, he destroyed our ability to know truth from fact due to the fact that anything he doesn’t agree with is “fake news.” No idea what this guy’s problem is. If you want to make America great again, this is not a great start. Time to grow up and act the age that you are. Please!! For the sake of the future of our country, grow up!

  21. The Original NJ ExPat says:

    Bystander – How about you quit interfering with my ability to feed my family, right? Everybody here goes along with the program. In case you don’t know, I post disinformation for Trump here, for which I’m paid modestly. Then I exhaustively spend the rest of the day posting as the “Great Pumpkin” to distract from my little tidbits. Do you know how exhaustive it is to think of things so inane, insane, and exceedingly stupid to distract readers from the real purpose of this blog? I recently had to make up that Pumpkin’s Dad is a low level criminal who was deported because of his low IQ.

  22. The Great Pumpkin says:

    The above was for Bagholder, not Bystander. I was already in character for my next Pumpkin Post.

  23. The Great Pumpkin says:

    I saw some Turkeys today, but the cars did *NOT* run them over. I lectured my 3 year old daughter once again that she would have to get a job and keep it before she had kids with any of the Hispanic neighbors because that is the only way it would work out financially. Taxes are what we pay to see Turkeys killed at high speeds out front, it is the cost of society.

  24. The Original NJ ExPat says:

    What’s going on today?

  25. The Great Pumpkin says:

    Expat, you are that annoying older brother I never had. Biggest ball buster in the world. How is it that you exist in a house full of women?

  26. The Original NJ ExPat says:

    Did Trump collude with the Russians to give them secrets they new would be leaked to the press in the Oval Office?

  27. No One says:

    D-Fens,
    Bloomberg had a foreign affairs guy on this AM, trying to push him to say how terrible Trump’s actions were. Instead, he said, no, that’s pretty typical. They were so disappointed. Then they asked him about what he thought foreign leaders thought about the situation. He said that they think the American media has become as deranged as Trump, hyping every possible anti-Trump story. Egg on their faces for those “journalists” and their hipster anti-trump writers feeding them their lines.
    Amazing how biased all media has become, on both sides.

  28. The Great Pumpkin says:

    I heard that those pictures in the Oval Office were not allowed to be photographed by the US press because otherwise the secret handshakes might be compromised.

  29. The Original NJ Expat says:

    You really are a moron PumpKing!

  30. The Original NJ Expat says:

    I am not, but you have lots of those older brothers, half, anyway. Ask your Dad (via skype)

    Expat, you are that annoying older brother I never had. Biggest ball buster in the world. How is it that you exist in a house full of women?

  31. The Great Pumpkin says:

    And I blame trump for this mess. They starting fighting back with the same strategy he was using. Just spit out nonsense and hope it sticks. We are all worse off for this behavior.

    It’s obvious both sides are manipulating media to beat each other at the same damn game.

    “Amazing how biased all media has become, on both sides.”

  32. Phoenix says:

    How do we know any/either of these things are true? I find voters who liked Clinton agree with #1, voters who like Trump agree with #2. The issue with #1 was not #1 on it’s face value, it was the assumption that he leaked information which would allow Russia to identify the supplier of that information and compromise that source in the future. Is that true? Maybe yes maybe no. I have a hard time believing anything I read /hear anymore.

    Trump was going to fix drug prices. Nope. Trump was going to get tough on China. Nope (in fact his relatives are over there selling visas for investment properties).

    All you ever need to learn about the Democraps is when you look back in history to see what they did to Henry Wallace who by all accounts should have been president instead of Truman. They were trying to ram Hillary down Democrat’s throat-did not work, now you just have a different muppet in place.

    Anyone who believes that any president/politician really gives a rats a** about you is sorely mistaken. Truth is if any presidential candidate actually tries to help the middle class they will most likely not get elected and if they somehow make it through it will be curtains for them. It’s just the law of the land.

    1. Trump told the Russians that notebook computers were going to be used as bombs on airlplanes.
    2. DNC staffer Seth Rich sent 44,000+ emails to WikiLeaks before his murder on the streets of DC last Summer.

  33. D-FENS says:

    Jeff Bezos vs Trump

  34. Phoenix says:

    Pumps,
    Just make sure while you are saving that you have enough to pay your own healthcare insurance until you take your last breath. Once Medicare runs out or the politicians give you a voucher (aka 10% off coupon) everything you save will be sucked up taking care of your wrinkled up former self ( unless you should die of something quickly).

    Link below to a bill for a snake bite.

    The deal grandpa and grandma have now will no longer be in existence when it is your turn.

    I remember a time when the 6 million dollar man could leap over a building, run 60 mph (easy commute to work) and see things for miles.
    Today a 6 million dollar man is someone on a ventilator in a hospital or laying in a nursing home bed….

    https://twitter.com/10NewsHaggerty/status/621482436887736320/photo/1

  35. Phoenix says:

    Pumps,

    Keep hoarding your money. This is your future (not inflation adjusted).

    http://www.thesimpledollar.com/a-health-insurance-disaster-falling-down-the-medicare-donut-hole/

  36. Phoenix says:

    Pumps, keep saving that soda money…. And put that property of yours in a trust so it is untouchable…

    From another website:

    I work in Utilization Review on the insurance plan side. I have seen bills over one million dollars for many NICU babies. I think the highest one was almost 6 million. Frequently I see bills that are well over $100,000.

    2.5 million dollars. Biggest bill I ever saw. Yes, you could really lose everything you own.

    I had a 27 weeker in the NICU for 4.5 months, the medical bill was well over 1 million dollars

    My uncle had several back surgeries (fell off a ladder) and later had problems with COPD, A-Fib, artificial valve (twice, the first one was put in incorrectly), and was on about 19 medications. He finally got on disability after years of trying. He reached his lifetime max when he had a pacemaker put in. Well, a year later he goes to the ER with abdominal pain, spent 9 weeks in CCU before he died of a ruptured colon (exploratory surgery upon admission noticed a “spot” but didn’t investigate further; colon ruptured two days later). Six months to the day after he died, my aunt lost their home to foreclosure because the medical bills were too much for her to pay (she had those and his previous bills she’d been paying on). She had to leave the house they’d built together and raised their kids in and move in with her elderly mother. Even with a death certificate and letter of “no estate” the hospital still wouldn’t write off his medical bills.

  37. The Great Pumpkin says:

    Phoenix, you are scaring the hell out of me. What is the answer? How do we fix this mess?

  38. The Great Pumpkin says:

    You are in the medical field, right?

  39. Phoenix says:

    Pumps,
    Your not fixing this mess. Just realize you have less control over things than you think.

    One illness. One divorce. 2nd is my situation. I did everything you are doing, income very similar to what you list here. What did all that savings get me– just a large attorney bill. Should have spent the money on the soda and the new motorcycle that I did not buy…

    If you want/need more control, do not have children/get married. Or if you want children, do what some of the doctors do where I work-get a surrogate. Have children without a potential trojan horse to deal with. Just remember this is a very expensive proposition-unless you just plain give up on life, go on welfare and have as many free children as you want. Middle class/upper middle class is a real rat race.

  40. Steamturd supporting the Canklephate says:

    Or get the F out of this country. That’s my plan. The older the US gets, the more the government gets bought. I’ll start over in Central America. San Jose is $400 round trip from EWR. With the money I’ll save, I can fly whomever, whenever, down as often as they’d like to visit. Pura Vida. Best of all, you can’t buy fancy crap down there that you don’t need or it’ll just get stolen. It’s a heck of an incentive to live minimally.

  41. Phoenix says:

    Pumps
    Don’t lose your job. Don’t let your insurance lapse-breathing is a pre-existing condition. Do you have long term care insurance, or are you giving your house to the nursing home? Life insurance is easy and inexpensive, Disability is not. Will any jobs in the future provide health insurance? (this is where those great government jobs really excel and is why Miss USA is so happy to brag about her healthcare insurance).
    Why do you think state controlled health plans are being pushed? Think credit cards, why are they coming from only a few states and not others? Swiss cheese, what else? Sorry, you had a heart attack while on a visit to your family. You are not covered in Ohio on your plan. You have 4 minutes to get across state lines or your choices are pay for your own hospitalization or brain death. (yeah, that’s an exaggeration). More states, more rules, more holes in the swiss cheese to the point that it is more holes than cheese. Which is why grandpa loves Medicare. It’s universal. it covers most things, even penile implants. Grandpa has fun in the nursing home. Try and get that on Medicaid-you can be a hard worker-maybe a nursing aid taking care of people that even their own relatives don’t want or are to busy making money to care for them. No insurance at your job, get prostate ca at 42, become impotent, no penile implant for you…

  42. Phoenix says:

    When I calculate what you should be able to purchase in a house based on salary come after you minus these things-in addition to the usuals.

    Enough money to pay for your own healthcare insurance (in cash) for your potential life span.
    Disability plan-not one that says “ok, you have lost your arms and legs in an accident, but you can still work licking stamps so get back to work.” Expensive for good coverage.
    Long term care plan-chances of being older and your children being able to help you if they can is minimal anymore (assuming they even like you after things like divorce with parental alienation (look that one up). Can you even buy these plans anymore?

    You need craploads of money in the future. Your children (if you have any) are in a much more precarious situation then you ever were. They are competing against much more than grandpa and grandma ever were. Only middle class job (not everyone is a brainiac and can be a surgeon, attorney, etc) would be a police officer. As they are the “enforcers” they will always be paid and rewarded well. Politicians don’t need teachers Pumpy, nor do they care about your children. What they do need, however, is those that will enforce the rules and laws that they vote in. Law enforcement does that. It is their job and they do it well. 25 years down the line it beats being a plumber or roofer. And if they get disabled or hurt they are compensated better than Joe’s plumbing company will ever be able to.

  43. joyce says:

    Keep focusing on insurance if you want. The problem is the cost of healthcare.

  44. The Original NJ Expat says:

    Strip Club bouncers have secure positions that can’t be easily outsourced, but maybe I’m not allowing for perhaps dwindling demand for non-virtual puzzy.

  45. Phoenix says:

    Pumpy,
    I remember a story a while back,
    Ambulance and Police at scene of a MVA.
    Uninsured driver crashes into scene. Police officer injured, Volenteer ambulance personnel injured. Both became disabled.
    Who do you think was reimbursed? Who do you think had a healthcare plan/disability plan that covered their family? Which family do you think lost their house? Which family got the larger support system from their peers?
    Not rocket science. It is just the way it is. No one other than the uninsured driver did anything wrong, all were trying to help. Which family would you rather belong to?

  46. Alex says:

    jEFFEn Bezos, and his fake news liberal propaganda spewing rag trying to take out Trump, while his company Amazon has kicked to the curb untold 100s of thousands of workers via his ever growing army of robots.

  47. The Original NJ Expat says:

    I don’t want to work
    I want to touch on the glass all day
    I don’t want to play
    I just want to touch on the glass all day

    Ever since I was a tiny boy
    I don’t want no candy
    I don’t need no toy
    I took a finger and my Mommy’s iPad
    I touch on that thing til I got
    Blisters on my hand because

    I don’t want to work
    I want to touch on the glass all day
    Yes, I do
    I don’t want to play
    I just want to touch on the glass all day
    That’s right

    When I get older they think I’m a fool
    The teacher told me I should stay after school
    She caught me touching on the desk with my hands
    But my clicks was so hot
    I made the teacher wanna dance
    And that’s why

    I don’t want to work
    I want to touch on the glass all day
    Hey, why not?
    I don’t want to play
    I just want to touch on the glass all day

    I don’t want to work
    I want to touch on the glass all day
    I don’t want to play
    I just want to touch on the glass all day
    Listen to this

    Every day when I get home from work
    I feel so frustrated
    The boss is a jerk
    And I get my fingers and my mini iPad
    And I touch on that screen, then touch myself bad
    Because

    I don’t want to work
    I want to touch on the glass all day
    I don’t want to play
    I just want to touch on the glass all day
    I can touch that glass

    I don’t want to work
    I want to touch on the glass all day
    I don’t want to play
    I just want to touch on the glass all day

    I don’t want to work
    I want to touch on the glass all day
    Hey, you wanna take a bang at it?
    I don’t want to play
    I just want to touch on the glass all day
    I don’t want to work
    I want to touch on the glass all day
    I don’t want to play
    I just want to touch on the glass all day
    I can do this all day

  48. Phoenix says:

    Joyce,
    A scenario:
    Your neighbor is 80 years old. She is frail. Pees in her bed. Your job is to take care of her. She loved her Camel cigarettes and has a hard time breathing so you need to keep her vertical. She is stubborn and gives you a hard time, wants things her way. Let’s throw in a history of a broken hip and some dementia. Can’t remember what pills she took. You are part of a 24 hr care giving team.

    Q1.You can ask as much money as you want for your salary in dollars per hour. How much do you want?
    Q2. This is your mother now. You really love her.How much do you want to pay to have someone else do the same job you were asked to do for someone else?
    Q3. This is you now. How much do you think your children should have to pay to have someone do this same job to take care of you since your children have important careers and don’t have the time to take care of you?

  49. Phoenix says:

    Expat,
    What is the salary of a SCB? 401k?

    Strip Club bouncers have secure positions that can’t be easily outsourced, but maybe I’m not allowing for perhaps dwindling demand for non-virtual puzzy.

  50. LurksMcGee says:

    Hmm so the overall feeling I’m getting from today’s post is that 80% of NJ households (the remainder of the 20% that make over 150k) are fcuk’d beyond belief. Sound about right?

  51. The Original NJ Expat says:

    Number 9 in a continuing series of what’s good and bad about living in the suburbs:

    Bad – The interior temperature of your home rises and falls as fast as the outdoor temperature. If you live a brick pre-war building the outdoor temperature doesn’t affect you until 5 days later.

    Good – Rear door of the SUV can be backed down the driveway steps from the kitchen (through the mud room of course, gary!). Great for groceries, but even better for choosing bottles over cans at the liquor store.

    Good – grill located 7 steps from same mud room with appropriate flood lights for grilling at night.

    Bad – having to mow the lawn.

    Good – having to mow the lawn. Maybe the last motorsport you can participate in while drunk and nobody cares until a severed baby’s arm shows up in the neighbor’s yard?

  52. The Great Pumpkin says:

    Breaking Investment News! Load up the Truck and buy houses 25-30 miles outside of NYC when your ship comes in!

    http://www.nateshomemade.com/

  53. The Original NJ ExPat says:

    Intel about Notebook computer bombs came from Israel. I was sure the source was going to be reddit.

  54. Phoenix says:

    Lurks,
    I would think your comment is directed at me.
    Your overall feeling would not be correct based on my posts.
    Way too many variables to get to that feeling.
    Sometimes things fall perfectly into place.
    Sometimes things fall completely out of place.
    Could these things happen to you or anyone else? Sure.
    Will they? Who knows?
    All depends on how you take it. No guarantees on life.

  55. The Great Pumpkin says:

    Phoenix, you point out the problem with me and most people living out there in the concrete jungle. It won’t happen to me, till it does…..

    Thanks for the rude awakening. You have quite the understanding of how much luck plays into life and how much the system beats you down for having bad luck.

    There has to be an answer to this. I don’t have it, but there has to be an answer to the problem of losing everything overnight.

  56. D-FENS says:

    We’re all gonna die.

  57. The Original NJ ExPat says:

    Pumps will die first. He lives on an evacuation route.

  58. Steamturd supporting the Canklephate says:

    Speaking of evacuation.

  59. Raymond Reddington says:

    Defens,
    Ain’t that the truth.

  60. Gone Goose says:

    it got dark around here today.

  61. The Original NJ ExPat says:

    When our kids are small, why don’t we call it evacuation training? Parents are not real smart when it comes to basic stuff. Neither of our kids ever had a pacifier. We also had a cache of “poopy prizes” that made evacuation training swift. The parallel is, don’t be shy, just open up and let it out. Don’t be a pump baby with a plug at each end.

  62. LurksMcGee says:

    Phoenix,

    Wasn’t directed towards you, but I understand where your coming from. I’m just pointing out that if you think its tough at 200k and you’re 1 untied shoe string away from a financial massacre, then imagine how those in the MEDIAN family incomes actually feel. The level of apathy towards this disfunctional state will be its demise.

    ……….I really hope they legalize marijuana and bring some money to this place.

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

    They should have started with sports betting. It would have been absolutely huge and would have saved Atlantic City. But there was a Dem Assembly at the time the vote came up with an R governor.

  64. Juice Box says:

    Down goes Mountain Creek again? Chap 11…..

  65. chicagofinance says:

    The Great Pumpkin says:
    May 16, 2017 at 11:31 am
    I don’t know. Ever since I became a poster, this blog has turned into a reality tv show filled with worthless drama. As soon as I stepped up to be a poster, I destroyed our ability to read this blog due to the fact that anything I post is “sh!t.” No idea what my problem is. If you want to make this blog great again, this is not a great start. Time to grow up and act the age that I are. Please!! For the sake of the future of this blog country, I need to grow up!

  66. chicagofinance says:

    No One….I never paid attention to Steve Wynn. I has just assumed he was a weird looking creepy old man. He says something incredibly insightful about Trump and also Obama…..it is so obvious, but it never occurred to me.
    https://youtu.be/o53QtewbOz0?t=11m13s

    No One says:
    May 16, 2017 at 11:43 am
    D-Fens,
    Bloomberg had a foreign affairs guy on this AM, trying to push him to say how terrible Trump’s actions were. Instead, he said, no, that’s pretty typical. They were so disappointed. Then they asked him about what he thought foreign leaders thought about the situation. He said that they think the American media has become as deranged as Trump, hyping every possible anti-Trump story. Egg on their faces for those “journalists” and their hipster anti-trump writers feeding them their lines.
    Amazing how biased all media has become, on both sides.

  67. chicagofinance says:

    has = had

  68. The Great Pumpkin says:

    I’m convinced Americans are insane. Trump supporters applauded trump and sucked him off left and right for being a successful businessman, and yet these same individuals are bashing Murphy for being a rich successful businessman at Goldman. I’m convinced people are insane, just root for whoever is on my political team, and bash whoever is not.

  69. The Great Pumpkin says:

    Gotta love partisan bs holding back this state. Once again, thank for doing nothing except crying that the sky is falling and everything needs to be cut as the only solution.

    STEAMturd questioning the gender of Hillary’s Cankle fluid. says:
    May 16, 2017 at 4:17 pm
    They should have started with sports betting. It would have been absolutely huge and would have saved Atlantic City. But there was a Dem Assembly at the time the vote came up with an R governor.

  70. The Great Pumpkin says:

    Takes a real genius to come up with a plan to cut everything as the only solution.

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

    Wynn is a complete freak. Gator loves him because every restaurant in his two Vegas properties have an alternative vegan menu. Dude is smart as hell, but very, very eclectic. His hotel model is brilliant. Make your casin0 luxurious, but don’t market to the rich. Poorer gamblers want to feel rich too. Now he gets both. In a way, it’s a model to fix income inequality. The rich don’t mind so much paying for the less fortunate,. Unfortunately, it’s a little easier to swallow with discretionary gambling dollars.

  72. leftwing says:

    “$60 per person with no drink. $90 per person with tip estimated so I declined of course. Spent half that for better meal at new, hip place.”

    Took the ex- and boys out for mother’s day. Same deal here. Our regular, better go to places were at $69 a head for an adult (both boys qualified as such). $280 before tips.

    Went to a funky new place with octopus and harissa and $18 burgers and got out at $130 including tip. Enjoyed it more.

  73. Phoenix says:

    Lurks,
    You mean the other 91℅?. Yeah they have even a less safety margin. Pocahontas aka Liz Warren pointed this out in 2008/You Tube/ Coming collapse of the middle class. Video had a logical thought process even though I don’t agree with everything about her. It fit well with my career path as I get a first hand look at what happens when bad luck comes your way.

  74. Pete says:

    “They should have started with sports betting. It would have been absolutely huge and would have saved Atlantic City. But there was a Dem Assembly at the time the vote came up with an R governor.”

    What vote are you talking about? The Feds are the ones who have blocked legalized sports betting in NJ.

  75. Blue Ribbon Teacher says:

    There’s a difference between building your empire from the ground up rather than rising to CEO of a company that is paid 100% on the dollar on their bad bets.

  76. Bystander says:

    Lurks,

    No, lots of those people work are school admins, bridge toll takers, crimeless area patrol officers, NJT conductors or connected town officials who make $140k with OT and will f@ck you as a tax payer when the time comes. As Stu said the salary may appear low but the benefits are certified platinum.

  77. Grab them by the puzzy says:

    @KurtEichenwald

    Even at the height of Watergate,
    I have never seen such an explosion of evidence of malfeasance and incompetence.
    This is unbelievable.

  78. Fabius Maximus says:

    Such greatness Gary!

    https://www.nytimes.com/2017/05/16/us/politics/james-comey-trump-flynn-russia-investigation.html?smid=fb-share

    Will be very interested in hearing from those that were so vocal about Clinton on the Tarmac.

  79. Grab them by the puzzy says:

    @ChrisMurphyCT

    Just leaving Senate floor.
    Lots of chatter from Ds and Rs about the exact definition of

    “obstruction of justice”.

  80. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    Pete, I’m busy. I’ll look it up later for you, but for now, you have to trust me.

  81. The Original NJ ExPat says:

    I’m becoming such a suburban cliché. I mow the lawn, run the grill, wave to the neighbors.

    Frozen, hand-made burgers, previously fresh:

    1. Defrost a couple hours in the fridge if you can. (BTW, if your wife hasn’t wrapped them first in wax paper, second in foil, and third in a zip-lock bag, well…you don’t have a real wife)
    2. Spray each side of the semi-frozen burger with PAM and then salt lightly.
    3. Crank up your gas grill to 550 degrees or so, 4 minutes on each side.
    4. Drop one side of your grill to “off” and flip the burners over to that side
    5. Drop the other side to 1/2- 3/4. Wait 4 more minutes.
    6. Flip the burgers on the “off” side, put the buns meat-side-down on the top rack(also on the “off side”) and wait 4 more minutes.
    7. Flip both the burgers and the buns and put cheese on as many surfaces as you choose and bring both burners up to 1/2.
    8. Remove all 2 minutes later.

  82. The Great Pumpkin says:

    This was from 1993. Trump was spot on.

    “On the other side was the Cas!no Assoc!ation of New Jersey, which lobbies for the state’s gaming industry, and Donald Trump, who then owned four casinos in Atlant!c c!ty and warned that the industry would “just close up” if sports betting wasn’t legalized.

    “It’s vital to keeping your taxes low,” Trump told reporters at the time. “It’s vital to the senior citizens. And it’s vital to putting the bookies out of business.”

    The Cas!no Associat!on spent about $500,000 on an advertising and lobbying effort, making hundreds of telephone calls to legislators’ offices. They worried that competition was increasing in neighboring states, and sports betting would give New Jersey a leg up.

    “Sports betting is the single most important issue for the industry at this time,” Nicholas Ribis, the nonprof!t’s chairman, said at the time. “If it is not passed, we will never be able to compete.””

  83. Fabius Maximus says:

    True Greatness!
    NSFW
    https://tinyurl.com/n3ej8ws

  84. Fabius Maximus says:

    ExPat,

    Tell you wife to go to Costco and pick up a sleeve of 1/3lb Angus burgers. They will taste the same.

    Some small pointers.
    If you are aiming for a Great burger, hit YouTube and learn. There are some big NoNos in your post.
    Your meat should be room temp when you cook. At room temp you wont have to flip as often or cook for so long.
    The patties, should be made on the day not frozen, defrosted meat is fine, but a good mix should have egg to bind.
    You don’t need to wrap your meat like that, If you are getting Freezer burn, you are not rotating your stock enough or you are storing too much meat.
    Pam should go on the grates not the meat. If you put salt on top of Pam, the salt cant get to the meat.
    Either season the meat a hour before you cook (as its getting up to room temp) or just after it comes off the grill

    Lots of other tips, but after a few videos, you’ll get the idea.

  85. The Great Pumpkin says:

    He is getting impeached.

    Comey Memo Says Trump Asked Him to End Flynn Investigation – The New York Times
    https://apple.news/ApG29mF4xTW6o6GRx-8-tuQ

  86. The Great Pumpkin says:

    Pence supporters prob forming a coalition as we speak.

  87. The Great Pumpkin says:

    My biggest scare with Trump, that he messes up a strong economy that has no immediate threats in the short term. If he creates instability, start the chant….lock up trump!

  88. LurksMcGee says:

    Guess I should’ve been a public employee for those benefits.

  89. D-FENS says:

    I quoted Ray Lesniak you dunce. He’s a progressive Democrat.

    The Great Pumpkin says:
    May 16, 2017 at 4:44 pm
    I’m convinced Americans are insane. Trump supporters applauded trump and sucked him off left and right for being a successful businessman, and yet these same individuals are bashing Murphy for being a rich successful businessman at Goldman. I’m convinced people are insane, just root for whoever is on my political team, and bash whoever is not.

  90. nwnj3 says:

    This Comey story is straight out of the fake news playbook. The day the story breaks about the DNC staffer’s assassination for spilling the beans on the DNC primary rigging this phoney story blows up. It’s one fake controversy after another. Let’s see what Comeys got, my guess is it’s noththing, he’s proven himself to be incompetent time after time.

  91. Pete says:

    Bemoaning fake news and then touting the “breaking” story of seth rich’s “assassination” in the same breath is absolutely unhinged.

  92. The Original NJ ExPat says:

    Sorry Fab, but I am hitting huge home runs with both fresh and frozen using indirect heating on the grill (sear hot on both sides, then flip the burgers to the “cold” side). The only thing I do different for fresh patties is 3 minutes on each side instead of 4 minutes with the semi-defrosted ones.

    ExPat,

    Tell you wife to go to Costco and pick up a sleeve of 1/3lb Angus burgers. They will taste the same.

    Some small pointers.
    If you are aiming for a Great burger, hit YouTube and learn. There are some big NoNos in your post.
    Your meat should be room temp when you cook. At room temp you wont have to flip as often or cook for so long.
    The patties, should be made on the day not frozen, defrosted meat is fine, but a good mix should have egg to bind.
    You don’t need to wrap your meat like that, If you are getting Freezer burn, you are not rotating your stock enough or you are storing too much meat.
    Pam should go on the grates not the meat. If you put salt on top of Pam, the salt cant get to the meat.
    Either season the meat a hour before you cook (as its getting up to room temp) or just after it comes off the grill

    Lots of other tips, but after a few videos, you’ll get the idea.

  93. The Original NJ ExPat says:

    And let’s see what Comey has when it comes to the copious memos he wrote to himself about his interactions with Lynch, Rice, and Obama. Maybe he made a 2017 New Year’s resolution to start writing more stuff down?

    This Comey story is straight out of the fake news playbook. The day the story breaks about the DNC staffer’s assassination for spilling the beans on the DNC primary rigging this phoney story blows up. It’s one fake controversy after another. Let’s see what Comeys got, my guess is it’s noththing, he’s proven himself to be incompetent time after time.

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