The Future of America – Boarding Houses

From Quartz:

Are the empty bedrooms in baby boomer homes a solution to the millennial US housing crunch?

One American generation is struggling to find affordable housing. A second is sitting at home with a lots of empty bedrooms. Real estate site Trulia argues it’s a match made in housing-market heaven.

Sky-high rents and house prices keep squeezing American’s finances. Home-ownership rates are well below (pdf) pre-recession levels, while the share of US income spent on rent has spiked from 21% to more than 25% in the last five years. As 90% of retirement-age older Americans say they want to stay in their homes, and millennial renters are desperate for cheaper rents, Trulia thinks “boom-mates” are an answer.

To get a handle on its potential, Trulia used US Census data to calculate the number of vacant bedrooms in households headed by people born no later than 1964 (the last year of the baby boomer generation). By identifying the total number of bedrooms, then subtracting the the number of inhabitants and one additional bedroom to account for alternate uses such as a home office, Trulia says there are 3.6 million bedrooms vacant in the 100 largest US metro areas. Top markets had an average of 4.2 bedrooms per household and 2.6 household members.

The most available bedrooms were in New York (177,734), Atlanta (141,462), Washington (133,685), and Los Angeles (114,731), where about 3% to 5% of homes have spare capacity. Landlords in those cities could earn an estimated $11,000 per year by renting out rooms. In San Francisco, despite having relatively few available bedrooms (22,003), the highest returns were on offer: $21,780. On the other side of the coin, renters in Boston, New York, and the Bay Area could save the most, about $11,000 per year, by renting rooms from boomers rather than getting their own one-bedroom apartments in those cities.

This entry was posted in Demographics, Economics, New Development. Bookmark the permalink.

120 Responses to The Future of America – Boarding Houses

  1. JJ fanboy says:

    What millennial would want to live with someone’s grandma? Plus I bet those empty city bedrooms are used as guest rooms,, libraries, offices, or hobby rooms.

  2. Grim says:

    You just need to find a way to bill it as being cool.

    Like living in a trailer park. It’s so cool that every cable channel has a show about it.

  3. JJ fanboy says:

    Hadn’t thought of that. Just think of the bad sit coms and reality tv shows that could come from this concept

  4. 3b says:

    This is just wonderful ! What a great idea!! When my dad first came to this country he lived in a rooming house. Like grim said just have to make it cool!! Looks like we are going backwards!!

  5. 3b or not 3b says:

    Or going forward…
    Back to the Future….
    You saw it here first. 2020 Presidential Race Bumper Sticker.

    Jenner/Simpson – as in Caitlyn Jenner & OJ Simpson.
    Because only a Kardashian and the Juiceman can be TrumPutin.

  6. Fast Eddie says:

    I said it when Oblama got elected; he was the perfect candidate to usher in the rapid decline of a once great nation. He played the eight years perfectly, pitting class and race against each other while creating resentment and pessimism. We’re a little closer to Snake Plitkin territory as the big-eared f.uck sowed the seeds of dissent flawlessly.

  7. Phoenix says:

    Eddie,
    This country was headed this way long before Obama was president…

  8. D-FENS says:

    Base Betrayal: Failure To Repeal Obamacare Is the GOP’s ‘Read My Lips’ On Steroids

    http://www.dailywire.com/news/18905/base-betrayal-failure-repeal-obamacare-gops-read-john-nolte#

  9. D-FENS says:

    @NolteNC

    We gave the GOP total control of federal govt and all we got were investigations against Trump.

    F*ck all of them.

  10. Phoenix says:

    D-Fens,
    Gonna vote Democrat next time?

    ← Philly best local showing in the last decade
    The Future of America – Boarding Houses
    Posted on July 24, 2017 by grim
    From Quartz:

    Are the empty bedrooms in baby boomer homes a solution to the millennial US housing crunch?

    One American generation is struggling to find affordable housing. A second is sitting at home with a lots of empty bedrooms. Real estate site Trulia argues it’s a match made in housing-market heaven.

    Sky-high rents and house prices keep squeezing American’s finances. Home-ownership rates are well below (pdf) pre-recession levels, while the share of US income spent on rent has spiked from 21% to more than 25% in the last five years. As 90% of retirement-age older Americans say they want to stay in their homes, and millennial renters are desperate for cheaper rents, Trulia thinks “boom-mates” are an answer.

    To get a handle on its potential, Trulia used US Census data to calculate the number of vacant bedrooms in households headed by people born no later than 1964 (the last year of the baby boomer generation). By identifying the total number of bedrooms, then subtracting the the number of inhabitants and one additional bedroom to account for alternate uses such as a home office, Trulia says there are 3.6 million bedrooms vacant in the 100 largest US metro areas. Top markets had an average of 4.2 bedrooms per household and 2.6 household members.

    The most available bedrooms were in New York (177,734), Atlanta (141,462), Washington (133,685), and Los Angeles (114,731), where about 3% to 5% of homes have spare capacity. Landlords in those cities could earn an estimated $11,000 per year by renting out rooms. In San Francisco, despite having relatively few available bedrooms (22,003), the highest returns were on offer: $21,780. On the other side of the coin, renters in Boston, New York, and the Bay Area could save the most, about $11,000 per year, by renting rooms from boomers rather than getting their own one-bedroom apartments in those cities.

    This entry was posted in Demographics, Economics, New Development. Bookmark the permalink.
    ← Philly best local showing in the last decade
    9 Responses to The Future of America – Boarding Houses
    JJ fanboy says:
    July 24, 2017 at 8:22 am
    What millennial would want to live with someone’s grandma? Plus I bet those empty city bedrooms are used as guest rooms,, libraries, offices, or hobby rooms.
    Grim says:
    July 24, 2017 at 8:31 am
    You just need to find a way to bill it as being cool.

    Like living in a trailer park. It’s so cool that every cable channel has a show about it.
    JJ fanboy says:
    July 24, 2017 at 8:34 am
    Hadn’t thought of that. Just think of the bad sit coms and reality tv shows that could come from this concept
    3b says:
    July 24, 2017 at 8:57 am
    This is just wonderful ! What a great idea!! When my dad first came to this country he lived in a rooming house. Like grim said just have to make it cool!! Looks like we are going backwards!!
    3b or not 3b says:
    July 24, 2017 at 9:10 am
    Or going forward…
    Back to the Future….
    You saw it here first. 2020 Presidential Race Bumper Sticker.

    Jenner/Simpson – as in Caitlyn Jenner & OJ Simpson.
    Because only a Kardashian and the Juiceman can be TrumPutin.
    Fast Eddie says:
    July 24, 2017 at 9:16 am
    I said it when Oblama got elected; he was the perfect candidate to usher in the rapid decline of a once great nation. He played the eight years perfectly, pitting class and race against each other while creating resentment and pessimism. We’re a little closer to Snake Plitkin territory as the big-eared f.uck sowed the seeds of dissent flawlessly.
    Phoenix says:
    July 24, 2017 at 9:41 am
    Eddie,
    This country was headed this way long before Obama was president…
    D-FENS says:
    July 24, 2017 at 9:55 am
    Base Betrayal: Failure To Repeal Obamacare Is the GOP’s ‘Read My Lips’ On Steroids

    http://www.dailywire.com/news/18905/base-betrayal-failure-repeal-obamacare-gops-read-john-nolte#
    D-FENS says:
    July 24, 2017 at 9:56 am
    @NolteNC

    We gave the GOP total control of federal govt and all we got were investigations against Trump.

    F*ck all of them.

  11. D-FENS says:

    Primaries

    Phoenix says:
    July 24, 2017 at 10:07 am
    D-Fens,
    Gonna vote Democrat next time?

  12. Fast Eddie says:

    This country was headed this way long before Obama was president…

    It accelerated exponentially under his watch.

  13. D-FENS says:

    Thanks for reposting the entire blog

  14. 3b says:

    D fens That will cause an uproar!!

  15. JJ fanboy says:

    Does anybody have an opinion on amsoil? I am thinking of taking my car to a garage, that uses amsoil. I think I will have to get amsoil transmission fluid too if I switch to amsoil.

    Current garage has changed management and tried to gouge me last week. Claimed the entire ac system on my wife’s car needed to be replaced for 3k and there were no refurbished parts parts available. I took it to a place that specializes in ac and heaters for cars. They replaced the compressor with a brand new oem one and vacuumed and recharged the system for $800 including tax and labor.

  16. Walking bye says:

    Jj I use whatever synthetic is on sale-valvoline, Mobil one Castro etc. my last car a Saturn got me to 255k with no oil leaks over 15 years. I got rid of it due to the old man age smell. Current cars have 135k and 175k using plain synthetic. Btw I enjoyed ex pats chart a few weeks back. But I can tell you getting more than 15 years out of a car is tough not mechanically but the interior just goes to hell especially as the sun deteriorates the plastic inside 10 hours a day in a parking lot.

  17. xolepa says:

    Fanboy

    Ask for a generic synthetic if they carry it. Generic synthetics are sold only to dealers, lube shops, etc. They cost 1/2 the price or less of the name brands. The specs are equal to or sometimes better than the name brands. Mobil 1 being the most over-hyped of them all. Any generic synthetic meeting SN or GL5 specs will more than do the job.

    Also, any full synthetic transmission like Amsoil will do the job. Amsoil will be way overpriced, though. If you do get your transmission fluid changed, make sure you ask for the product manufacturers compatibility sheet. It has to list your manufacturer and it’s specified fluid.

    Ask me how I know.

  18. Grim says:

    Change transmission fluid?

    Check to see if this is even required or recommended. Yeah, you read that right.

  19. Juice Box says:

    Anyone here ever brave enough to fix a fan motor on an AC Condenser. Fan motor stopped for the second time in three years. First time HVAC tech charged me about $450 to replace the motor itself, a bit much for a service call and parts etc. I am thinking it might just be the Run Start Capacitor this time. 240 volts however always gives me pause, not so sure if I want to take it apart to put a multimeter on it.

  20. Grim says:

    Change the cap first.

  21. Grim says:

    Your service disconnect is right next to the compresor, open the box, flip the shutoff.

  22. D-FENS says:

    Any name brand oil is fine. I changed the oil in my truck with whatever was on sale at Walmart and traded it in with 225k miles after ten years.

  23. D-FENS says:

    I think I changed the Automatic Transmission fluid once on the truck.

    My newer vehicles both have CVT’s. I buy that fluid from the dealer as it’s a bit harder to find and I don’t want them giving me any crap if the transmission fails and I make a warranty claim.

  24. Grim says:

    Most trans fluids will last the life of the transmission. Changing it will not extend the service life of the trans. Expect 200k out of a current transmisssion.

    Most people can’t figure out chickens and eggs. They start having trans problems and change their fluid thinking it’s going to magically fix it.

  25. JJ fanboy says:

    Xolepa

    I am guessing you have an expensive story to tell.

  26. JJ fanboy says:

    My wife’s car has a cvt transmission. The transmission died at 29k. It was still under warranty. The dealer replaced it with an updated version. When I went to get the car’s 45k service done the dealer claimed I should change the transmission fluid based on mileage and the fluid looked dirty. I pointed out the transmission had 15k on it and since the new transmission lacks a dipstick, how could they have seen the fluid in it?

    I only go to dealerships now for recall work.

    I still don’t know what to do about the cvt transmission. Some people claim change the fluid at 100k miles, other people say never change it.

  27. This site and publication of data does not in any way constitute an endorsement of the listed boarding homes by Mental Health America of Greater Dallas.

  28. grim says:

    I’m sure there are plenty of places who charge the customer to change the trans fluid and never do a single thing.

  29. Xolepa says:

    Fanboy,
    No, read the story:

    For most of all my working years, I was a corporate IT guy, mostly independent consulting, but f/t employee since about 2003. About 38 years total. About a dozen years ago my wife and I looked around and saw the real picture – not many IT guys employed in the field after age 60. I had 10 years to go at that time. It turns out that my former next door neighbor (from the 80s) was selling his Auto quick lube retail business after 15 years ownership. He opened it up himself in anticipation of being canned one day. And he did get canned.

    Anyway, I paid a real tidy sum for the business. I was the silent owner of that business for 10 years and kept my f/t job (without corporate knowing about it) until 2 months after I turned 60. Corporate then gave me my walking papers, severance, etc.

    The very next weekday I went f/t into my business and raised sales by 40%. Come some months ago I got an unsolicited offer for the business and sold it recently. I am now retired with income properties sustaining me. I’m ok.

    Now, as to oil, fluids, etc. I learned alot on the subject matters and did my research. Grim, you are wrong. All oils and fluids, especially transmission, have to be changed according to schedule. The manufacturers now seal most transmissions from above but still have recommended change intervals. It’s that you can’t do it by yourself nor even the run of the mill shop. You have to use a special trans fluid exchanger where you disconnect the inlet and outlet pipes/hoses at the transmission cooler and direct them to the machine. My shop had an older unit that did do that, but you need a specific kind of fitting for each car, just about. Too much to handle. I purchased a different style exchanger that used the dipstick, going in/out in intervals. That’s if the car had a dipstick, otherwise no do. CVT transmissions I would not touch them at all, but they all still have recommended interval changes.

    So you guys can call me the oil man. I think I know what I’m talking about. And name brands don’t matter. It’s the spec and who actually did the refining.

  30. chicagofinance says:

    I swear I might know the purchaser of your business…….was he an equity trader that was laid off about 6 months ago? I heard a story just like yours about a month ago.

    The person is the dad of twins who are some of my son’s best friends……

    Is your buyer from Colts Neck and is the business near the Route 1 corridor?

    If you are uncomfortable answering, I understand……..he was quite impressed with you, and the efficiency you brought to bear on the operation……

    Xolepa says:
    July 24, 2017 at 4:29 pm
    Fanboy,
    No, read the story:

    For most of all my working years, I was a corporate IT guy, mostly independent consulting, but f/t employee since about 2003. About 38 years total. About a dozen years ago my wife and I looked around and saw the real picture – not many IT guys employed in the field after age 60. I had 10 years to go at that time. It turns out that my former next door neighbor (from the 80s) was selling his Auto quick lube retail business after 15 years ownership. He opened it up himself in anticipation of being canned one day. And he did get canned.

    Anyway, I paid a real tidy sum for the business. I was the silent owner of that business for 10 years and kept my f/t job (without corporate knowing about it) until 2 months after I turned 60. Corporate then gave me my walking papers, severance, etc.

    The very next weekday I went f/t into my business and raised sales by 40%. Come some months ago I got an unsolicited offer for the business and sold it recently. I am now retired with income properties sustaining me. I’m ok.

    Now, as to oil, fluids, etc. I learned alot on the subject matters and did my research. Grim, you are wrong. All oils and fluids, especially transmission, have to be changed according to schedule. The manufacturers now seal most transmissions from above but still have recommended change intervals. It’s that you can’t do it by yourself nor even the run of the mill shop. You have to use a special trans fluid exchanger where you disconnect the inlet and outlet pipes/hoses at the transmission cooler and direct them to the machine. My shop had an older unit that did do that, but you need a specific kind of fitting for each car, just about. Too much to handle. I purchased a different style exchanger that used the dipstick, going in/out in intervals. That’s if the car had a dipstick, otherwise no do. CVT transmissions I would not touch them at all, but they all still have recommended interval changes.

    So you guys can call me the oil man. I think I know what I’m talking about. And name brands don’t matter. It’s the spec and who actually did the refining.

  31. JJ fanboy says:

    Xolepa

    Thanks for the info. I think will get the cvt fluid changed this week at a different dealership. Non dealership garages either don’t want to touch a cvt or will only change the fluid if it is green and clean. Cvt fluid change is about $225 with tax, a new transmission is $4,100

  32. Xolepa says:

    Chicago, you got gonged on that. Sold to big player on other side of state. No more details on that, hehe.

    Fanboy, dealerships are probably your only choice on this. If I had to spring for a dedicated machine for CVTs, it would run about $5k. And the risks in the process are much higher than those for conventional fluid.

  33. JJ fanboy says:

    Xolepa,

    Thank. I called the local transmission shop the auto ac repair shop recommended and was told they would only change the fluid if it was green and clean. They didn’t want the responsibility if it was dirty. They also told me a new transmission and their labor charge to install it was $4,100. And with cvts they only replace them, they will not try to repair them. Off to the dealership I go.

  34. Grim says:

    Poor scouts.

  35. grim says:

    Jesus, he is bringing up Levittown as an example?

    A shining symbol.

    Of racial segregation.

  36. Grab them by the puzzy says:

    @jules_su
    Democrats aren’t in power right now.

    Russia is.

    Fast Eddie says:
    July 24, 2017 at 9:16 am

    I said it when Oblama got elected

  37. The Original NJ ExPat says:

    Is the globalist agenda just to open all borders, let the slave class homogenize and be easier to rule by their overlords?

  38. The Original NJ ExPat says:

    BTW, apparently the Dems can’t raise money anymore and are getting their asses kicked by the RNC in that department.

  39. The whitest guy says:

    I’m back.

    Did you guys miss me?

  40. Phoenix says:

    Voting should not be about raising money but we all know that’s not the case

  41. ex-Jersey says:

    Never before has so much utter stupidity been on display on the world stage.

  42. ex-Jersey says:

    Eddie/Gary – it’s a golden era for complete and total failures you should feel right st home.

  43. Chi says:

    New time zone. Same attitude

  44. Grab them by the puzzy says:

    @kashanacauley

    It takes a real maverick to rush back from receiving medical treatment just to make sure other people can’t get medical treatment.

  45. Grab them by the puzzy says:

    @benjysarlin

    A president openly trying to force out his AG for not protecting him from investigation and
    demanding arbitrary prosecution of opponents.

  46. Juice Box says:

    cranial surgery in Arizona on Friday and back to DC today?

  47. Chi says:

    Pumpty was lobotomized and was back here posting same day

  48. ex-Jersey says:

    Chi how’s that confusing sexuality thing working out?

  49. ex-Jersey says:

    Congratulations we have an unstable, mildly retarded imbecile running the Country.

  50. Fast Eddie says:

    Eddie/Gary – it’s a golden era for complete and total failures you should feel right st home.

    Says the Gypsy who can’t find a home or a purpose.

  51. ex-Jersey says:

    9:42 Eddie/Gary – my purpose here is reminding you and others like you what ignorant twats you are. Otherwise don’t cry got me argent weenie.

  52. ex-Jersey says:

    Trump is a Nation and International embarrassment

  53. Phoenix says:

    Do surgeons really make this much more money than lawyers? Where do bourbon distillers end up on the list?

    1: Surgeons
    Annual mean wage: $286,710
    Mean hourly wage: $137.84
    Employment: 1,570
    Employment per 100,000 jobs: 0.397

    28: Lawyers
    Annual mean wage: $144,190
    Mean hourly wage: $69.32
    Employment: 19,870
    Employment per $100,000 jobs: 5.023

    http://www.nj.com/news/index.ssf/2017/07/the_50_best_jobs_in_nj_that_pay_more_than_100k.html#incart_2box_nj-homepage-featured

  54. Fast Eddie says:

    Trump is a Nation

    I like that! Trump is a nation!! We are Trump! TRUMP!! It’s nice to have an alpha male in charge unlike the last guy who epitomized the image of a beta cuck, kowtowing and apologizing to our enemies.

  55. Blue Ribbon Teacher says:

    That was an awful list. It’s silly to group surgeons as one category. All I saw was managers on it. And they were too lazy to compute the hourly wage for 10 month employees.

  56. Bagholder says:

    ‘It’s nice to have an alpha male in charge unlike the last guy who epitomized the image of a beta cuck, kowtowing and apologizing to our enemies.’

    He’s certainly tapped into that emasculated white male vote. If he can sustain it he’ll probably never drop below 35% approval, which puts GOP politicians in a tough spot.

  57. Fast Eddie says:

    He’s certainly tapped into that emasculated white male vote.

    As opposed to the neutered males on the left. I understand the liberal male chooses to be de-sexed.

  58. Bagholder says:

    Probably for the best. The less people over the age of 15 fantasizing of a strong, confident alpha saving them, the better.

  59. D-FENS says:

    Not true at all. Depends on who you ask and what nation.

    ex-Jersey says:
    July 25, 2017 at 9:53 am
    Trump is a Nation and International embarrassment

  60. D-FENS says:

    What special machine? What for?

    I just used basic hand tools.

    Xolepa says:
    July 24, 2017 at 4:54 pm

    Fanboy, dealerships are probably your only choice on this. If I had to spring for a dedicated machine for CVTs, it would run about $5k. And the risks in the process are much higher than those for conventional fluid.

  61. Grab them by the puzzy says:

    @ForeignPolicy

    Trump is becoming unhinged at the prospect of Mueller uncovering his deep, dark financial secrets, argues @MaxBoot

  62. D-FENS says:

    Do not use gender fluid in a CVT

  63. Grab them by the puzzy says:

    like when the feds bailed out the banks?

    joyce says:
    July 25, 2017 at 1:02 pm
    It looks like the state of California is bailing out Tesla

  64. Grab them by the puzzy says:

    @AFP

    #BREAKING

    Decision ‘soon’ on fate of US attorney general Sessions: White House

  65. Fast Eddie says:

    S&P 500 hits record high on stronger-than-expected earnings

    Thank you, President Trump!

    http://www.cnbc.com/2017/07/25/us-stocks-earnings-fed-caterpillar-mcdonalds.html

  66. Phoenix says:

    FE,
    The correction will be just as dramatic..

  67. The Great Pumpkin says:

    It almost always is.

    Phoenix says:
    July 25, 2017 at 2:22 pm
    FE,
    The correction will be just as dramatic..

  68. 3b says:

    But in the meantime none of it matters. The USA continues its descent into madness.

  69. The Great Pumpkin says:

    No one talks about it, being that it hurts economic growth, but the safest way to invest is to keep your money in powder and invest after every correction. Watch it go up for two years, sell, wait again….wash, rinse, and repeat. So basically buy and sell once or twice a decade. Only problem, if everyone did this, it will hurt long term economic growth as the capital is pulled out and sits idle on the side line. Prob why they don’t tell people to do this and instead tell them to buy and hold, so that economic growth is more structured and stable.

  70. D-FENS says:

    The only people descending into madness are the career Washington DC sh1tweasels…and that’s good.

    3b says:
    July 25, 2017 at 2:38 pm
    But in the meantime none of it matters. The USA continues its descent into madness

  71. The Great Pumpkin says:

    Before 1800, no country in the world had an average life expectancy at birth beyond 40. Today there is not a country that does not. —The Economist

  72. 3b says:

    D fens. Yes but we will all pay the price for their madness.

  73. Hillary's Cankles are ground zero for Zika virus says:

    It’s complete madness. I can’t remember the last time I dealt with a human in customer service who has gotten it right?

  74. Hillary's Cankles are ground zero for Zika virus says:

    Just got back from a whirlwind tour of the Northeast. Portland Maine looks like a nuclear bomb was dropped in it, but instead of uranium, the payload was tattoo ink.

  75. 3b says:

    Fed worried that there is too little inflation economy
    Might be slowing down. Yep! Just through out housing costs property taxes medical tuition and viola no inflation. But bubbles galore. Yes. Madness.

  76. Grab them by the puzzy says:

    cause he flipped and is now cooperating

    @Reuters

    BREAKING: Senate Judiciary Committee rescinds subpoena for former Trump campaign manager Paul Manafort – sources

  77. Xolepa says:

    D-FENS

    How did you flush the fluid from the trans cooler?

  78. Xolepa says:

    …and all the pipes/hoses?

  79. D-FENS says:

    The manufacturers service manual just says to open the drain plug, let it drain, replace it and fill it through the dipstick tube. You’re overthinking it.

  80. ex-Jersey says:

    From the internets-For a 10 year old vehicle I wouldn’t recommend a flush. A flush is a pressurized fluid push through the transmission, and although a good machine can exchange around 98% of the old fluid for new, there is the possibilty of damage. At our shop we don’t do them on vehicles with more than 60,000 miles. The reason for this is that there is an internal liability once the transmission has some wear/aging on it. The internal seals may not handle that much force on them, and if they break, that vehicle won’t be driving out of that shop, or if it does, look for big problems down the road. The unit will basically have to be rebuilt. I would recommend a fluid and filter change. With this service, you will not get all the fluid out of the transmission. There will be fluid trapped in the torque converter (4-6 quarts) and as much as 4 quarts trapped in other places like the cooler and cooler lines etc. You may only get 4-6 quarts of old fluid drain out. This is why you want to stay ahead of the fluid curve and change your fluid every 25,000-30,000 miles.

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    Buy your shoes from LetsRun and save 20% everday http://www.letsrun.com/save

  81. Phoenix says:

    3b,
    You think the market is overheating and due for a correction?

    I do not have a degree in finanace. What I see is very low interest rates for a very long time. What I believe is such low rates for such a long time are a way to falsely prop up what is a sick situation. What would happen to the economy if rates were raised to a more normal (or medial ) level? Maybe low rates are just the new normal. If that were true and rates could be fixed, okay , but they are not. My concern is what happens when those with the most chips decide it’s time to call the game and cash out…

  82. Comrade Nom Deplume, The GOAT says:

    Markets hit new records while Dems promote plan to jumpstart economy.

    They really have to work on their timing.

  83. Comrade Nom Deplume, The GOAT says:

    Redfin (yeah, I know) says my place has appreciated over 42k since I bought 4 years ago. Not double digit but a nice ROI since I paid cash. It would be like living here free for that time.

    I don’t agree with it but if I can get a certain someone to bite at that number, I’m outta here.

  84. Fast Eddie says:

    The market is surging, the economy is really starting to sizzle. I’ve been getting calls from recruiters looking at my 5 year old resume.

    Thank you, President Trump!

  85. chicagofinance says:

    The Fed doesn’t control interest rates that are more than about 2 years out…….influence, yes, but the market collectively is choosing to keep things at this level….

    Phoenix says:
    July 26, 2017 at 8:37 am
    3b,
    You think the market is overheating and due for a correction?

    I do not have a degree in finanace. What I see is very low interest rates for a very long time. What I believe is such low rates for such a long time are a way to falsely prop up what is a sick situation. What would happen to the economy if rates were raised to a more normal (or medial ) level? Maybe low rates are just the new normal. If that were true and rates could be fixed, okay , but they are not. My concern is what happens when those with the most chips decide it’s time to call the game and cash out…

  86. JJ fanboy says:

    When hyperinflation hits we will all be millionaires

  87. Juice Box says:

    re: “What I see”

    The Fed’s “plan” is to move to a more “normal” ever so slowly contingent upon nothing going wrong. The “truth” is the Fed has no idea. This decade long monetary liquidity flooding “experiment” has only been done by a single country like Zimbabwe or Venezuela not the entire world. We all know what happens when a country devalues but what are the consequences for when the entire world devalues?

    We simply cannot compare what lies ahead to any other point in economic history.

    For me I really can draw only one real conclusion. In our global floating fiat system where there is now 5 trillion in daily global currency trading, the only thing our central bankers know how to do and actually can do anymore is devalue.

  88. Grab them by the puzzy says:

    Xolepa’s jiffy lube has recruiters? impressive…

    Fast Eddie says:
    July 26, 2017 at 11:02 am
    The market is surging, the economy is really starting to sizzle. I’ve been getting calls from recruiters looking at my 5 year old resume.

  89. 3b says:

    Steam there will be an increase in property taxes there somewhere. One alternative I heard is to push the entire pension obligations on to the towns.

  90. Steamturd supporting the Canklephate says:

    Puzzy seems more unhinged than ever. What’s wrong? Trump is still president, going against all of your predictions? How’s Wasserman-Schultz doing these days? Heck of a leader to cheerlead for eh?

  91. Fast Eddie says:

    puzzy moana,

    Botched transgender operation got you down?

  92. Steamturd supporting the Canklephate says:

    Best option will be to be the first state to declare bankruptcy! The continued nickel and diming of the taxpayer in the least tax-friendly state to both businesses and individuals, is a true recipe for economic disaster. Give me 6 more years and I’m so out of this country and state.

    Meanwhile, the double-dippers keep double-dipping and the unions continue to pay politicians for favor. This country and state both deserve who it voted for. The smart money is in getting the heck outta here.

  93. chicagofinance says:

    Where is the reduction in pension payouts? Why is it reflexively written that the state has underfunded the trust instead of the fact that the locusts have overwhelmed a broken formula in shameless pig trough fashion?

    Steamturd supporting the Canklephate says:
    July 26, 2017 at 12:43 pm
    Get ready for it.

    http://observer.com/2017/06/report-solving-nj-pension-crisis-requires-tax-hikes-benefit-cuts/

  94. Steamturd supporting the Canklephate says:

    On the bright side, this longest bull run in history has delayed the day of reckoning slightly. But the market will eventually correct and then…popcorn time!

  95. Paradise says:

    ““The country has experienced an economic downturn each decade since World War II and many economists fear that another one will occur soon,” the report said. “Under current conditions, the policy response to another economic downturn would prove quite challenging for New Jersey.””

  96. Steamturd supporting the Canklephate says:

    Paradise…you actually read these things?

  97. Steamturd supporting the Canklephate says:

    I thought I was the only one, well, besides plumpy.

  98. ex-Jersey says:

    12:57 are you f*cking Kidding me?

  99. ex-Jersey says:

    Teachers, Cops, and Firefighters to NJ TaxPayers…..F*** You Pay Me.

  100. Steamturd supporting the Canklephate says:

    I have a number of friends on multiple forces. If you read their Facebook posts, you would think they are all headed to a life of poverty in retirement. This one is from today. I love this guy and he’s a done a lot for our family as part of the PBA, but the entitlement comes through just a little too clearly in these.

    So let me get this straight a supposed pro union and “supporter” of public employees just picked a running mate that is pro pension reform, which has cost public workers thousands of dollars each year since the enactment of Chapter 78? Retirees, your COLA? Your not going to see that returned anytime soon… New hires, retirement? Good luck! I really hope you guys have a “Plan B” because you will all be working a second career after retirement, because in 30 years that 60% pension (if there is one) isn’t going to get you very far… I’m glad I stuck to my core beliefs and voted Republican in the primary and will again in the general election. At least I can rest my head on my pillow at night, knowing I was not fooled by more false promises… The front runner in this election is a continuation of the current State Administration, hence their pick for the Lt. Governor….***Please refrain from making any inflammatory or derogatory comments on my wall. I know how you all feel. It doesn’t need to be verbalized through negativity…Just get out and vote for who you believe is being more truthful…***

    And the responses:

    Point being, they all do what they need to do to stay in power. The American people will never win as long as this corrupted two party system continues.

    So true *** I was checking on line yesterday on my pension .it’s going to be shit when i retire because I started in the pension system 5 years ago and am 47 now so thank God I have other income

    So far my education is well over $120,000 and I still have more to go. I knew these days would come and I secured my future with a “Plan B.” I can leave this job tomorrow and make the same salary I’m making today, if our system were to collapse. ALL public employees need a “Plan B”

  101. ex-Jersey says:

    2:39 guy sounds like a moron.

  102. chicagofinance says:

    What bugs me is that they complain about how NJ is expensive and move out of state to retire…….clear conscience…..sleep well at night…..always say how happy they are to leave……locusts…..

    ex-Jersey says:
    July 26, 2017 at 2:15 pm
    Teachers, Cops, and Firefighters to NJ TaxPayers…..F*** You Pay Me.

  103. ex-Jersey says:

    3:29 You don’t even own property in New Jersey you Poof.

  104. ex-Jersey says:

    I’ll repeat that….you have the gall to criticize working people….who often live in hardship to afford life in the more expensive places, places where you can’t even be see your way clear to buy a home in, and somehow they should ‘retire’ here on their big fat pensions? Pensions that average about $30k for most per year. Yet that would mean living at poverty level, while they can leave, go to a cheaper place and live comfortably, after a long career of serving your kind here in NJ. What a complete tool. Laughable if it were not so pathetic.

  105. 3b says:

    Ex lots of retired cops in New Jersey retiring my get 50 percent of their final salary as a pension after 20 years.

  106. Blue Ribbon Teacher says:

    I don’t think a bunch of teachers making $65k a year is why NJ is so expensive.

  107. D-FENS says:

    Police. Firefighters? Their pensions aren’t in trouble.

    ex-Jersey says:
    July 26, 2017 at 2:15 pm
    Teachers, Cops, and Firefighters to NJ TaxPayers…..F*** You Pay Me.

  108. D-FENS says:

    It’s the state employees and teachers that have to worry.

  109. ex-Jersey says:

    Fuggedaboutit

  110. D-FENS says:

    Lots of misinformation from our old pal Essex. whats the starting salary for a nj state cop these days?

  111. 3b says:

    Dfens wonder why the new name.

  112. D-FENS says:

    He moved to soCal didn’t he?

  113. ex-Jersey says:

    Cops have always had a little better deal than teachers…

  114. Phoenix says:

    best thing in New Jersey is this blog

  115. Phoenix says:

    Police do have the better deal. That’s because they are the enforcers. They will always get paid

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