Choking the market

From MarketWatch:

Existing-home sales fall in August for the fourth time in five months

Existing-home sales in August dropped for the fourth time in five months as real-estate agents continue to blame a lack of available homes to buy.

The National Association of Realtors said existing-home sales fell 1.7% to a seasonally adjusted rate of 5.35 million, the worst level in 12 months.

Economists polled by MarketWatch expected a 5.44 million pace.

Total housing inventory at the end of August declined 2.1% to 1.88 million existing homes available for sale, and is now 6.5% lower than a year ago.

That limited inventory has helped stoke prices — the median existing-home price in August was $253,500, up 5.6%.

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

141 Responses to Choking the market

  1. Mike says:

    Good Morning New Jersey

  2. grim says:

    Dude wins $338 million … and moves to Wayne?

    Dafaq?

  3. JJ fanboy says:

    Movin on up

  4. chicagofinance says:

    So many sexual references……

    The Great Pumpkin says:
    September 20, 2017 at 9:13 pm
    Lib,

    People just contribute no matter what and never pull out.

    since so many are tied to them.

    The amount of power they possess is mind blowing.

  5. grim says:

    Happy New Year!

  6. leftwing says:

    Pumps, from yesterday, no hate. Not for the State nor for the ex-. Since you asked the ex- and I are actually getting along quite well having settled in to a mutually helpful and supportive relationship after going through one of the longer divorces in the county. Having that experience from separation through our current status if anyone is considering same I am hear to lend advice or just listen. Seriously. That offer even includes you Pumps since you’re presenting more than one risk factor – prime hours alone on a blog, wife wants to move you don’t, no more kids….fyi if you’re not sharing the same bed currently you’re well on your way to her filing, bud.

    Regarding the State like any place there are positives and negatives. I’m a big booster of some of the good. You mistake – not surprisingly – my reaction to your vacuous, inane, and baseless drivel regarding real estate with animosity toward the State. Not true. My commentary is a b!tch slap to the clueless little boy whose cumulative knowledge and frame of reference for these matters is limited to a ten mile radius of his faceless, nameless suburb, Disneyland, and a cruise. At the end of the day it really has less to do with NJ, other than that certain parts of this State have a high proportion of individuals like you which is incredibly distasteful even to most residents. You are the caricature of what everyone ‘hates’ about this State, to anyone outside of this State and most of its residents lol.

  7. Steamturd, Part Time Orientalist and Full Time Mysoginist says:

    Next year in Jerusalem Grim.

  8. 3b says:

    Grim FYI there is an article on Yahoo finance this morning discussing how Newark could be the perfect location for Amazons second headquarters. Discusses many of the reasons you talked about yesterday.

  9. Steamturd, Part Time Orientalist and Full Time Mysoginist says:

    Newark certainly is possible and it does make a lot of sense, except that I’m not sure the revival is far enough along for Amazon to consider it. It’s still a very scary place downtown, especially after 7pm. I see this as a huge detriment. I always park on the street for Devil games to save the $30, but there are lots of cops and enough cheap people like me to make it safe enough. Amazon would have to have quite a security force to make it work.

  10. 3b says:

    Stu I agree they note that Newarks perception at least will probably make it unlikely they are chosen. That being said if the hipsters/millenials are living in Crown Heights and Williamsburg they could certainly live in Newark.

  11. Steamturd, Part Time Orientalist and Full Time Mysoginist says:

    The hipsters really have not yet embraced Newark. There are a few early adopters, but it’s not like you’ll find anyone jogging there t0pless.

  12. Fast Eddie says:

    The only good thing about Newark is that it’s a place where you can cop some CIBAs and codeine. Otherwise, just rename it Mogadishu.

  13. The Great Pumpkin says:

    Newark is the perfect location. It knocks off all the checkmarks for Amazon, and the land is artificially low in comparison to potential value based on its location.

  14. The Great Pumpkin says:

    You are not finding a better value in America for gentrification than Newark.

  15. 3b says:

    Stu True on the hipsters. But who ever thought they would embrace Crown Heights and Williamsburg!

  16. chicagofinance says:

    The world is going to end within 100 years…….. buy Teslas and put solar panels on your roof or else….
    http://nypost.com/2017/09/20/an-apocalyptic-mass-extinction-will-begin-in-2100-scientists-say/

  17. The Original NJ ExPat says:

    https://www.youtube.com/watch?v=5haMVR5my-s

    Intro:
    cow belly, pot of beans
    tie a rope around your jeans
    tell your mama not to wait
    you ain’t getting home till late
    yeah yeah yeah yeah yeah yeah yeah
    we’re gonna Twitch!

    verse 1:

    Theres a town I know where the hipsters go
    they call it Bedrock Newark
    Twitch! Twitch!
    And when you get an itch to do the Twitch
    in Bedrock Newark
    it’s a twitchin’ town so I’ll see you down in Bedrock Newark
    Twitch! Twitch!

    verse 2:

    Well, we’ll twitch around the clock tonight
    in Bedrock Newark
    Twitch! Twitch!
    And Rock is gonna roll with all his might
    in Bedrock Newark
    Twitch! Twitch!
    It’s a twtichin town, so I’ll seee ya down
    in Bedrock Newark
    Twitch! Twitch!
    Yeah the twitchin’s fine, have yourself a time
    in Bedrock Newark
    Twitch! Twitch!

  18. D-FENS says:

    Every real estate blog in every State in the US is probably having the same discussion about Amazon….saying how their city is the perfect location.

  19. D-FENS says:

    Menendez now faced with the choice of missing the Obamacare repeal vote or his court date.

  20. Yo! says:

    https://www.governor.ny.gov/news/cuomo-announces-new-amazon-office-new-york-city-will-create-2000-jobs

    I don’t think Newark has a chance. Cuomo announced Amazon bringing 2,000 jobs to office building at 10th and 33rd in Manhattan.

    Did NJ or Newark even try for these jobs? Did Amazon consider NJ in its site selection process? Likely no and no. NJ lacks the right office space for this type of requirement. At least NJ residents living in Hudson County and near train stations could commute to these new Amazon jobs.

  21. Juice Box says:

    Here is Amazon’s RFP, I can think a few reasons why Newark does not fit the bill.

    In choosing the location for HQ2, Amazon has a preference for:

     Metropolitan areas with more than one million people
     A stable and business-friendly environment
     Urban or suburban locations with the potential to attract and retain strong technical talent
     Communities that think big and creatively when considering locations and real estate options

    HQ2 could be, but does not have to be:

     An urban or downtown campus
     A similar layout to Amazon’s Seattle campus
     A development-prepped site. We want to encourage states/provinces and communities to think creatively for viable real estate options, while not negatively affecting our preferred timeline

    https://images-na.ssl-images-amazon.com/images/G/01/Anything/test/images/usa/RFP_3._V516043504_.pdf

  22. Juice Box says:

    And if you dig into the RFP they are looking for. “A greenfield site of approximately 100 acres certified or pad ready, with utility infrastructure in place. ”

    Where does that exist in Newark?

  23. The Original NJ ExPat says:

    That sounds like Boston, but I don’t think Amazon really wants first tier smart. They don’t want Pumpkin-smartdelusional either, of course. Someplace warm where beers are affordable would be my guess.

  24. Yo! says:

    My favorite part about the press release is no fewer than 7 New York official were quoted – and deBlasio wasn’t one of them.

  25. 3b says:

    Juice:
    A stable and business friendly environment? NJ is out in that point.
    Communities that think big and creatively etc NJ probably out on that point too.

  26. The Original NJ ExPat says:

    Puerto Rico might work. In 20 years when the Democrats win their next election Bezos could become governor of the 51st state.

  27. The Great Pumpkin says:

    Juice, does any place really hit every preference?

  28. D-FENS says:

    NJ is a good location for logistics. It’s a day’s drive to 40 percent of the US from here.

  29. Juice Box says:

    Pumps if anything they will pitch in a massive tax rebate to overcome any objections. What do you think billion dollar 20 year tax abament aka refund?

    FYI our wonderful legislature has cancelled the funding for these multi year tax rebate programs for companies that have already moved jobs here. Don’t think the lawyers advising Amazon won’t let them know about our business freindly climate.

  30. JCer says:

    New Jersey already has a big Amazon presence. I know people who work for them in Jersey City. I really think Jersey city is a prime place to put tech campuses and NYC area does attract development talent BUT since they have to compete with the Banks the talent comes at a high cost. NJ could be a contender but even Newark is too high cost to be attractive and even within the regional market I don’t think Newark is on the top of anyone’s list of places to work. Amazon probably can draw people to Newark who normally would not work or even go there.

  31. Juice Box says:

    Didn’t a Amazon aka diapers.com just layoff everyone in Jersey City? I could swear theere is a warn notice for it.

  32. The Original NJ ExPat says:

    I’m trying to think of places SE that are a day’s drive;-)

    NJ is a good location for logistics. It’s a day’s drive to 40 percent of the US from here.

  33. The Original NJ ExPat says:

    NJ is a good place for people in NJ to convince themselves they live somewhere nice.

  34. JJ fanboy says:

    Juice

    I think it is going to be dallas or it’s northern suburbs.

    The area has everything on the rfp. Top 10 international airport in the us. Well over 7 million people in the area. Lots of highways. Dart rail goes to many of the nicer northern suburbs. Definitely business friendly state. Lots of raw land close to existing highways, office parks, and mass transit.

  35. The Original NJ ExPat says:

    I’ll tell you the best thing about NJ, seriously. New Jersey is one of the only places in the nation where people will come up and start a conversation with you with no ill intent.

    Sure, that means we have to deal with permanent intrusions with the likes of Pumps, but the good outweighs the bad. My wife used to tell me that New England is so much less friendly than NJ. I told her she was full of sh!t, I saws no difference. Over years I realized there is a difference, but no effective difference from me. I’ll come up to you and say something, even if I don’t know you. That is New Jersey. I carry it with me every day. My wife doesn’t. In Boston you will just hover from place to place in your own bubble, but no one, except someone from Jersey, will pierce that bubble. I’m that guy, so I notice not difference. It’s only been over the years when I visit NJ that I notice people even bolder than me. In Boston, I’m the brazen guy. In Jersey, I’m just one of the guys. That’s what makes NJ, and probably this blog, great.

    People talk with people who are not in their circle, and to some extent, they listen tool

    I still wish Pumpkin would leave, though. Never wrong and never sorry are the badges of perennial losers.

  36. The Original NJ ExPat says:

    Please excuse my novice level, but am I done cutting the grass for this year? I cut it about 4 weeks ago and it looks lush, but hasn’t grown much at all.

  37. No One says:

    Speaking of Newark parking, I’m attending the King Crimson concert on 10/31 at NJ PAC. I hope people aren’t going wilding.

  38. The Original NJ ExPat says:

    …and I guess I should at least start up the mower and run it dry? The only gas I’ve used this year is one jug of premium with Stabil added, purchased in the Spring.

  39. No One says:

    In the South people greet one another and start conversations all the time. NE is totally different.

  40. The Original NJ ExPat says:

    Those guys are still alive? I remember being a teenager and staring at their album cover while the LP was playing. I figured I was missing something by not being on drugs…yet;-)

    Speaking of Newark parking, I’m attending the King Crimson concert on 10/31 at NJ PAC. I hope people aren’t going wilding.

  41. Libturd says:

    With this warm weather, there’s probably another mow or two left. You should also fertilize and weed kill if you haven’t by now. Otherwise, you’ll never be able to keep up with that home along the highway.

  42. The Original NJ ExPat says:

    Bullsh!t. In the South and the Midwest pleasantries are exchanged, there is no conversation of any relevance. Now…If you move into a neighborhood, they will come out very quickly. The first question will invariably be, “Where do you go to church?”. Based on your answer they will make a snap decision on what they can and can’t discuss with you.

    I’m talking about immediate and honest impromptu conversation without prejudice. It doesn’t occur outside of NJ, with the rare exception of after midnight in certain bars around the country.

    In the South people greet one another and start conversations all the time. NE is totally different.

  43. JJ fanboy says:

    Expat,

    They will also mention how many times they’ve been divorced as they tell you how many years they’ve been at that church

  44. LurksMcGee says:

    I stop lurking for a month and there’s talks of Pumpkin going through divorce already?

    All jokes aside, I’m thinking that Philadelphia might be open to Amazon. Considering that there’s a new center in Robbinsville and has more people than Newark.

    Just a thought.

  45. The Original NJ ExPat says:

    This is my dilemma. I don’t mind going out and cutting it one more time. Does it hold up better over the Winter long or short? Fertilize and weed kill? You know I rent, right;-)

    That made me think of something I saw my sister-in-law do 20+ years ago. We were at her apartment and she was cutting something with a sharp knife right on the linoleum counter-top. I said something like, “Shouldn’t you use a cutting board for that.” Her reply, “I’m a renter. What do I care?”. That’s right out of the mouth someone who grew up rich, went to Syracuse University for 4 years at her parents expense, and left 3 credits short of graduating, has never graduated, and has never earned $15K or more in a year ever. At least her husband makes $30K, but he’s from the Massachusetts/New Hampshire border where you expect that. I manage my wife’s family’s portfolio and nobody has ever told her what she is worth, and that is intentional.

    That’s the Pumpkin NJ attitude.

    With this warm weather, there’s probably another mow or two left. You should also fertilize and weed kill if you haven’t by now. Otherwise, you’ll never be able to keep up with that home along the highway.

  46. Blue Ribbon Teacher says:

    In South Philly right now. The hipster gentrification is underway. Where do these people come from?

  47. The Original NJ ExPat says:

    They hold a beard grooming competition in Austin.

    In South Philly right now. The hipster gentrification is underway. Where do these people come from?

  48. The Original NJ ExPat says:

    When God closes one door, he opens a younger and tighter door.

    Expat,

    They will also mention how many times they’ve been divorced as they tell you how many years they’ve been at that church

  49. The Original NJ ExPat says:

    Actually, he often opens up the new door while the old one is still gaping and open.

  50. JCer says:

    Juice, except for the software developers, which have been re-branded amazon employees and are working on amazon proper. Last I heard they had more than a few job openings.

  51. The Original NJ ExPat says:

    Productivity tip to multi-taskers using a Microsoft Surface Pro:

    I frequently have 18 or so windows open at one time. I have been alt-tabbing the sh!t out of my machine for about 10 months now, when I stopped using a Mac for every day work.

    Holy crap! Just swipe in from the right and pick your window in one touch!

  52. JCer says:

    Expat NJ has some really nice areas, some people on this blog live in them. Honestly you have some really wonderful towns in Bergen, Essex, Morris, Somerset and Mercer county. On the whole the area is very expensive and congested but again has nice areas with good schools(very high taxes) and is in decent proximity to the most important economy in the world(NYC). So yes it has a lot of problems and the government is literally run by baboons, but it is far from the worst place and has better weather than Boston.

  53. abeiz says:

    I have no idea.

    Back in 2006 there were articles going around based on anecdotes as well as some sort of polling which indicated that no less than 75% of Williamsburg rents were paid by parents, rent wired from the midwest.

    I know some are gainfully employed, holding mid/upper positions in IT/Media companies. The rest, from I am told, live with room mates… there’s no age ceiling on rooming with enough people to make rent manageable.

  54. The Original NJ ExPat says:

    Correction: swipe in from the left, but your swipe is to the right.

  55. 3b says:

    Just back from a meeting. On my way back to the office and note a new Marriott hotel opening shortly. A holiday inns opened across the street a few months ago. And another holiday inn two years ago 2 blocks away . In addition there are two new residential towers being built in and around Trinity Place/ Rector street . And of course one Wall Street the old Irving/ Bony building being converted to residences! Where are the people coming from indeed!!

  56. The Original NJ ExPat says:

    JCer – I’ve live in most of those counties, attended Rutgers and FDU (I even have a degree that’s not secret like Pumps, BSEE). I was slightly older than Pumps when we left. NJ is an OK place to live, but nobody visits there and then says, “I’ve seen the promised land, I’m moving to NEW JERSEY!” If you instantly erased the people from NJ who were born there it would look like Utah. If you did the same to California, Colorado, or Florida you would upset the census by about 14 people.

    Expat NJ has some really nice areas, some people on this blog live in them. Honestly you have some really wonderful towns in Bergen, Essex, Morris, Somerset and Mercer county. On the whole the area is very expensive and congested but again has nice areas with good schools(very high taxes) and is in decent proximity to the most important economy in the world(NYC). So yes it has a lot of problems and the government is literally run by baboons, but it is far from the worst place and has better weather than Boston.

  57. leftwing says:

    Distribution logistics specifically do not factor into Amazons decision. It’s HQ2, professionals, not a warehouse. Drive/rail time to far flung locations aren’t relevant.

    I still say NY, Austin (or Dallas), or Denver. Nashville as a dark horse.

    The older Northeastern cities are at a bit of a disadvantage since they are so built out. We say ‘Boston’ or ‘DC’ to mean the respective metropolitan areas. Problem is the actual location would most likely be contiguous – 128 corridor or VA. They are different political entities, where’s the money coming from? City of Boston isn’t going to pony up for a location outside its actual borders…..And make no mistake the monetary consideration Amazon expects from local and state governments is substantial.

    Therein lies the huge opportunity for NJ. Draft the proposal for an HQ2 in “NY” and co-opt all the advantages that come with the city – talent attraction, etc. Physical location, however, is NJ and concurrently push the benefits of actually being just outside the city’s border (shave off the last three miles of commute expense and time; employee housing cost, etc).

    Basically, the NJ proposal should be a massive win-win document – “the benefits of NY without the hassles”.

    If only there were someone in State government who gave a sh!t about actually growing the State’s economic pie, rather than just how deep they can plunge their arms into the existing one.

    The above point being, not ironically, encapsulated by the Amazon criterion thinking big.

  58. The Original NJ ExPat says:

    When Wegman’s opened in Chestnut Hill, one of the last reasons to ever even visit New Jersey disappeared. Wegman’s sells Taylor Ham.

    I guess we still have family in NJ, but we feel less compelled to visit now that we have a Wegman’s.

  59. 3b says:

    Erg mans opening in Montvale this Sunday. Just saying.

  60. The Original NJ ExPat says:

    Pumps – What year did you “graduate” Clifton HS? What college did you “drop out” of before you worked so fast and furiously at the post office to find yourself?

    Answer: You didn’t graduate HS and you never entered college (that’s why your 3 degrees are a secret, they only exist in your mind). You were a HS dropout.

    The Great Pumpkin says:
    August 24, 2017 at 5:09 pm
    Homeboken,

    My first semester of college, I dropped out. Argued with my parents night and day that I didn’t need college to make money. They tried to explain to me it’s not all about money, but if you want to find out the hard way, go ahead. They said that when I learned my lesson, I had to pay for college on my own.

    Took me two years to learn my lesson and return to school, but not before buying the house with the money I saved working at the post office. I worked like a dog there. Including sundays, my entire summer at 19, except for one day, was spent working 10 hour days. So while eveyome else was partying it up in south beach or Cancun, I sacrificed TIME to work nonstop and get ahead. I earned this.

    So think of it as taking two years of life and putting it on pause to get ahead. So while all your friends are partying and living it up, sacrifices were made. Don’t worry, I made up for the partying after the sacrifices were made. I caught up with the partying and was able to take my schooling serious BECAUSE I WAS PAYING FOR IT. Hell, to save money, I took a couple 21 credit semesters. Since anything over 15 credits was free. So load it up, and stress yourself out!! Looking back, no idea how I made it. Was a struggle, esp during exams. .

    Life’s been an adventure. I’ve seen life through different social classes. Not many people get to see life through the eyes of poverty and upper middle class. My daughter will only know an upper middle class or higher lifestyle. If things go right, by the time she is in high school, she will have gone from upper middle class to 1%. And I will have lived at least a decade in each social class in my slow rise from the bottom to the top. See what happens and if good fortune continues. One thing I know, bad luck can wipe lots of hard work away. It’s all about how you bounce back, right? How you roll with the punches life throws at you.
    The Great Pumpkin says:
    August 24, 2017 at 5:18 pm
    I have had a job since 15. I have never been unemployed since the age of 15. I played sports in high school and still worked. Not easy. Had two jobs in college. I was a waiter and tennis instructor.
    The Great Pumpkin says:
    August 24, 2017 at 5:23 pm
    I was 15 in 1995. First year I had a job. And before that I cut lawns and did spring yard cleanups.

  61. The Original NJ ExPat says:

    Pumps – would you like to see a photocopy of your application to work at the post office?

  62. The Original NJ ExPat says:

    Lie big enough, Die big enough.

  63. The Great Pumpkin says:

    First floor is now rented. Less than a week. Listed it at 1500, prob should have done 1600, but wanted this done quick so I don’t lose a month’s rent. Market heating up ladies and gents. Ton of people were interested.

  64. 3b says:

    Sorry Wegmans in Montvale.

  65. JCer says:

    Expat, not to go all pumps on you but there are place in NJ where the residents literally have enough money to live anywhere in the world, yet they’ve chosen to live in NJ. I’m talking Alpine, Saddle River, Short Hills, Bedminster, etc.(the same is largely true for Westchester, LI, and CT). Pumps is right people want to be in the NY market and select NJ towns are very appealing, nice homes/architecture, good restaurants, convenience to Manhattan and all of the economic benefits that come with it. Also as Pumpkin has previously stated we don’t have extreme weather so while we don’t have the weather of CA we also are warmer than most of the NE and MW, cooler than the SE, infrequent hurricanes/earthquakes/tornadoes, and infrequent snow. For logistics NJ is at the center of a large wealthy population with good road and rail links and a great natural harbor. There are not too many places in the US that draw this kind of affluent, educated population….LA, San Fran, Seattle, Boston, Chicago, Miami….other areas are minor in comparison and all of these place have issues maybe not as bad and NJ but issues nonetheless.

  66. The Original NJ ExPat says:

    I think you meant:

    Expat, not to go all pumps on you but there are place in NJ where the residents literally have enough money to live anywhere in the world, yet they’ve chosen to livestay in NJ.

  67. The Original NJ ExPat says:

    In other words, they didn’t make their fortunes and then move to NJ. That’s fine.

  68. The Original NJ ExPat says:

    New Jersey is a real easy place to get complacent. Complacent people don’t move. Motivated people move.

  69. The Original NJ ExPat says:

    And Motivated people don’t move to NJ.

  70. The Original NJ ExPat says:

    Or, like I’ve said before…New Jersey offers convenient travel to all the places where you’d rather be.

  71. The Original NJ ExPat says:

    Just think about how great your life would be if you never left Alpine, Saddle River, Short Hills, Bedminster, etc. Not so great, right?

  72. Grab them by the puzzy says:

    @paulkrugman

    Think about what it means that Jimmy Kimmel has evidently done more homework on health than any Republican senator over the past 8 years

  73. The Original NJ ExPat says:

    If you never left Boston or Manhattan, you’d probably be jonesing for hiking, skiing, auto-racing, etc., but not much else. Imagine if you never left Glen Rock? You’d kill yourself.

  74. Blue Ribbon Teacher says:

    I frequently have 18 or so windows open at one time. I have been alt-tabbing the sh!t out of my machine for about 10 months now, when I stopped using a Mac for every day work.

    Holy crap! Just swipe in from the right and pick your window in one touch!

    ok, so can you tell me why every school in NJ is forcing their kids to use chromebooks like it’s a good thing?

  75. The Original NJ ExPat says:

    For accuracy’s sake:

    Think about what it means that Jimmy Kimmel has evidently done more homework on health than any Republican senator over the past 8 years

  76. The Original NJ ExPat says:

    Because it’s not an iPad?

    ok, so can you tell me why every school in NJ is forcing their kids to use chromebooks like it’s a good thing?

  77. JJ fanboy says:

    BRT,

    Because the schools can’t afford iPads.

  78. The Original NJ ExPat says:

    As a lifelong tech guy (learned computer programming in 1976), I’ve noticed some interesting paradigm hate shifts over the last two decades.

    1996 (or so) – The entire world lived in UTTER FEAR!!!!! that Microsoft would take over the world with MSN as an ISP/content provider. It never happened. People voted with their pocketbooks and just never got on board. IMO US consumers made a mental decision that MSFT had enough market share in tech and wasn’t going to give them more.

    2002-2008(or so) – More Microsoft hate. Linux, OS 9-X, iOS (Mac), anything except Microsoft. This was a tech community only push.

    2010-present(or so) – Apple Haters!!! I can’t believe how many people in the tech community want nothing to do with AAPL! It is the new MSFT. Just as there are only Hillary voters and deplorables, there are only righteous Android acolytes and AAPL mongoloids. Not my judgement, just an observation (thought I’m quite sure that Pumps has an iPhone).

    Coming soon – Google Hate!

  79. The Original NJ ExPat says:

    Funny how JJf and I had the exact same reaction to chromebooks at almost the exact same time. They should give chromebooks to anyone over 70 who has shown no previous acumen in the world of technology….and Pumps.

  80. The Great Pumpkin says:

    Expat’s glory days were in jersey. He seems to lose sight of that.

  81. The Original NJ ExPat says:

    Not just in Jersey. I told you I knew your wife for a little bit when she went to Northeastern, right?

    Expat’s glory days were in jersey. He seems to lose sight of that.

  82. The Original NJ ExPat says:

    I showed her my secret degree.

  83. The Original NJ ExPat says:

    I’m sure she prefers your dropout move. Painless.

  84. The Great Pumpkin says:

    “This will be Trump’s seventh visit to the golf club since he was elected last November. New Jersey is the place to be, apparently.”

  85. The Original NJ ExPat says:

    North Jersey is great if you can steer clear of Passaic, Sussex, Morris, and Warren. Worst is the middle of the North. People there think they are smart but…

  86. The Original NJ ExPat says:

    Munt Zyg

  87. grim says:

    2010-present(or so) – Apple Haters!!! I can’t believe how many people in the tech community want nothing to do with AAPL! It is the new MSFT.

    You clearly do not work for an innovative company or startup.

    I have two laptops I bring with me to meetings. If it’s at a startup, I wouldn’t be caught dead taking out my Dell. Likewise, if I’m at a Financial Services company, the Dell comes out, not my MBP.

  88. Bystander says:

    Pat,

    I heard she loved your lambskin.

  89. Bystander says:

    Oops my bad, I meant sheepskin..honest mistake

  90. grim says:

    New sanctions clearly upsetting Rocketman.

    Wait until we break out the navel blockade.

    Trump dropped a bomb giving the Treasury the power he just did. If a bank does business with NK, they don’t do business in the US anymore. If a sovereign nation does business with NK, the US can freeze their bank accounts. If a ship or plane docks in NK, they are banned from landing in the US. If a foreign business conducts trade in NK and US, they can be sanctioned from doing business in the US.

  91. The Original NJ ExPat says:

    Same here. I’m not talking about tech execs, I’m talking about the guys who actually program your checkpoint firewalls and cisco routers and about half of your programmers (who are like north and south poles on magnets, they repel each other). My friends who are cloud experts actually each have iPhones and Androids. The company pays for at least one and they stay up to date on both platforms.

    Grim – are you really so out of touch that you think everyone in the tech community loves Apple? You probably think they all voted for Hillary too. Methinks you may be getting stale.

    I love pulling out my MBP, booting it to Windows 10 and put on a PP presentation. The execs think I’m a wizard and their tech lackeys think I’m cool.

    You clearly do not work for an innovative company or startup.

    I have two laptops I bring with me to meetings. If it’s at a startup, I wouldn’t be caught dead taking out my Dell. Likewise, if I’m at a Financial Services company, the Dell comes out, not my MBP.

  92. The Original NJ ExPat says:

    It matters little up the ass so long as you coat your schlong with a ton of antibiotics and coke.

    Bystander says:
    September 21, 2017 at 6:07 pm
    Pat,

    I heard she loved your lambskin.
    Bystander says:
    September 21, 2017 at 6:12 pm
    Oops my bad, I meant sheepskin..honest mistake

  93. Juice Box says:

    Grim – it’s going to hasten a restructuring of international finance. Our monetary hegemony days are numbered anyway, Trump’s team has calculated it is worth firing a shot that may in 5-10 years no longer have any clout.

  94. The Original NJ ExPat says:

    Juice – I’m trying to look deep into this statement to calculate some critical thinking, as you are normally pretty cogent. After several rereads I’m thinking maybe you are home mixing some opioids with alcohol while watching Judge Judy?

    We all need a “me” day, I guess.

    Grim – it’s going to hasten a restructuring of international finance. Our monetary hegemony days are numbered anyway, Trump’s team has calculated it is worth firing a shot that may in 5-10 years no longer have any clout.

  95. grim says:

    Uhhh… Security is going to be upset if the guys configuring the checkpoints and ciscos aren’t using company provided hardware.

  96. The Original NJ ExPat says:

    grim – I’ll try to type slower. Their company pays for at least one phone. Most of them own the other platform too.

    Uhhh… Security is going to be upset if the guys configuring the checkpoints and ciscos aren’t using company provided hardware.

  97. Juice Box says:

    Expat the banks that could be affected by the new sanctions have to hold US currency in US banks, hense the executive order can be enforced. One day it could be the same as the bank of England sanctioning North Korea and have minimal impact. Reality is sure how the heck do we know which Chinese banks are doing business in North Korea, well we just guess and freeze money here. It”s been done before.

  98. The Original NJ ExPat says:

    But I only know Boston. New York might be all morons, bought off AAPL stooges, or both?

  99. The Original NJ ExPat says:

    Juice – OK. I’m getting closer to understanding your point, but I still think you are falling short of crafting your best sentences.

    Expat the banks that could be affected by the new sanctions have to hold US currency in US banks, hense the executive order can be enforced. One day it could be the same as the bank of England sanctioning North Korea and have minimal impact. Reality is sure how the heck do we know which Chinese banks are doing business in North Korea, well we just guess and freeze money here. It”s been done before.

  100. Juice Box says:

    Yeah well hegemony is a topic for perhaps another day.

  101. Juice Box says:

    One more thing the CCP”s big meet up is coming the order of the day is “harmony” for the markets. Expect no turmoil.

  102. D-FENS says:

    Rocket man… dude is a marketing Michelangelo

  103. The Original NJ ExPat says:

    Juice – you just jogged my memory from my early engineering days. There was this old gimpy consultant at Singer-Kearfott who was just full of himself. He used to tell us constantly that C.C.C.P. on Russian Olympic jerseys was actually pronounced “Es-Es-Es-Air”. We would take turns asking him every time the subject came up, “Yeah, but what does C C C P stand for?” We would ask him over and over and over again until his bald head looked like it was going to explode. It was the best of times, it was the best of times.

  104. joyce says:

    Wow, Expat… any subject you’re not an expert on?

    “Never wrong and never sorry are the badges of perennial losers.”

  105. The Original NJ ExPat says:

    Women impersonators.

    Wow, Expat… any subject you’re not an expert on?

  106. Juice Box says:

    Expat we are the old full of ourselves engineers now. I was called a blocker in our agile stand up today by the wet behind the ears PM. Fun times in tech these days. I might just start writing a blog about it.

  107. grim says:

    Who is talking about phones?

  108. The Original NJ ExPat says:

    Excellent! Help me out with this one. 22 year old programmers are stupider than they’ve ever been in the last 30 years, right?

    Expat we are the old full of ourselves engineers now. I was called a blocker in our agile stand up today by the wet behind the ears PM. Fun times in tech these days. I might just start writing a blog about it.

  109. Juice Box says:

    I won’t paint them all with that brush, however I have interviewed football players who claimed to be CS grads.

  110. Blue Ribbon Teacher says:

    Because the schools can’t afford iPads.

    True, but we could always afford desktops. They’ve purged those from the schools as well in favor of chrome books. Google docs is awful.

  111. grim says:

    Prefer to work with women coders these days, they get shit done and don’t fuck around for a whole week.

  112. The Original NJ ExPat says:

    Sergey Brin says “Nyet!”

    Google docs is awful.

  113. The Original NJ ExPat says:

    I used to grab them by the pu-ssy, back when that was a perk.

  114. The Original NJ ExPat says:

    One day I floated the idea that I would start a consultancy with exclusively women engineers and most of them p1ped up, “I’d work for you!, “I’d work for you!”, “I’d work for you!”

    I should have kept my tech p1mp h@nd strong.

  115. The Original NJ ExPat says:

    Dominating chicks is easy and…they they tend to like it in the end. The ones who don’t get a little mouthy, but who cares?

  116. Juice Box says:

    Grim are you saying women are “biologically” more suited to tech than men?

  117. The Original NJ ExPat says:

    ^^^^^^^^^^^^^^^Joke Alert^^^^^^^^^^^^^^^^^^^^^

  118. The Original NJ ExPat says:

    Women just like listening to a strong man and pleasing him.

  119. Juice Box says:

    Women in general avoid, cheap, arrogant, men as well as predictable bores. The question is how many ponies did they ride to find the right one? That is an answer you will never get.

  120. Fabius Maximus says:

    “A greenfield site of approximately 100 acres certified or pad ready,”

    Very easy to find 1oo acres and stick a pad on top of it. How to you think they built the Hudson Gold Coast.

    Just don’t look under the pad ;*)

  121. Fabius Maximus says:

    Amazon in Newark, they only need security from the office to the carpark!

  122. Fabius Maximus says:

    If a bank does business with NK, they don’t do business in the US anymore.

    Sabre toothed Tiger. Not happening. We’ll pay a few fines, but Business is Business!

  123. joyce says:

    Expat,
    I’m sure you can quickly calculate what percentage of posts were you in this thread. Seems like you don’t mind inane drivel as long as it comes from you.

  124. Fabius Maximus says:

    Here is the reality for IT.

    Be in the cloud in X years or die, this is where our its all going.
    Hybrid Could, is there now!!! #branding

    Apple vs MSFT is dead. Linux and Open Source won. Not sure the world realized.

    Once Linux and Open Source became acceptable in the workplace, the war was over and both those players lost. Funny point is that no one is going out on a limb on officially. On the back end AWS and Google are the future.

    Play the new space how you will.

  125. The Great Pumpkin says:

    “”Whenever I hear people talk pessimistically about this country, I think they’re out of their mind,” Buffett, the chairman of Berkshire Hathaway, said Tuesday, as reported by Reuters.”

    Check out this article from USA TODAY:

    Warren Buffett predicts the Dow will hit 1 million and that may actually be bearish

    https://usat.ly/2yfY0t4

  126. The Great Pumpkin says:

    Area would gentrify lightning fast. Just on the news, price of real estate would rise.

    Fabius Maximus says:
    September 21, 2017 at 9:11 pm
    Amazon in Newark, they only need security from the office to the carpark!

  127. Fabius Maximus says:

    And this is it. Total Sum, The end game.

    It comes down to this: Republicans don’t want government involved in health care, even IF the result is better health care at the best price. They say that it is simply impossible, despite evidence from other nations. This is nothing but blind ideology at work. And this is where that takes us: If the private market won’t deliver affordable care to millions of Americans, then they must do without. Simple as that. Do without, as in get sick, stay sick and/or die. Those dying may comfort themselves with a good book, such as reading Ayn Rand’s withering contempt for their weakness.

    https://www.washingtonpost.com/news/opinions/wp/2017/09/21/republicans-last-frantic-attempt-to-destroy-obamacare-gives-the-game-away/

  128. jcer says:

    govt intervention in healthcare in the US won’t work. The way our healthcare system is set up either the government totally destroys the current system in an attempt to build what they have in europe and the end result is 20-30 years of VERY poor healthcare as the medical field sheds professionals. Or we change the current heal care system to single payer without fundamentally changing the system, in which case within 50 years the govt will go bankrupt from medical expenses.

    Cloud or not the bigger pattern is a fundamental change in the way IT is done, emulate AWS, Azure, and google or die. The old enterprise patterns, expensive hardware, software are all dead ends performance per dollar is way better with a lot of cheap white box hardware and software configured networking.

    MacBooks are where it’s at, to this day linux is still not great on a notebook and the so much of the PC hardware is cheesy, windows 10 still kind of sucks(IMHO 7 was better), so the mac it is and the big reason it is the choice of startups is if you want to make money in apps iOS is by far the most lucrative platform, if you want to write iOS apps you need a mac.

    I’m still trying to determine who is more deeply unhinged and unhappy expat or pumpkin. They seem to be polar opposites but both rather extreme in their views. To pumpkin NJ is the most amazing place on earth(it’s not but it is a good place to make money) and to expat it is a barren wasteland no one wants to live in. I’ll reiterate that some very wealthy people choose to make this their home so there must be some positive qualities that again cause people who can live literally anywhere choose to live here. To some living in NYC 24/7 would be too much, not enough peace and quiet, your not trapped in suburban town so that argument holds no water, people live in these places partially because they are devoid of commercial enterprise and they never have to see a neighbor. Again I know people worth in excess of 400m who spend the vast majority of their time in NJ because they want to and no they aren’t originally from here. Yes pumps is right if you are rich and a golfer NJ country clubs are fantastic. Pumps is simplistic in his analysis but expat dislikes NJ because he isn’t rich. The rich are alive and well here and aren’t necessarily running to the exits(at least not YET).

  129. Phoenix says:

    Schools could afford iPads if they did not have to spend so much on teachers salaries and healthcare.

    Blue Ribbon Teacher says:
    September 21, 2017 at 8:10 pm
    Because the schools can’t afford iPads.

    True, but we could always afford desktops. They’ve purged those from the schools as well in favor of chrome books. Google docs is awful.

  130. Phoenix says:

    The one’s in the USA maybe. The one’s that can break into Equifax-naaah…

    The Original NJ ExPat says:
    September 21, 2017 at 8:02 pm
    Excellent! Help me out with this one. 22 year old programmers are stupider than they’ve ever been in the last 30 years, right?

  131. exjersey says:

    2:43 Schools could afford lots of things if they didn’t have to look after your spec ed off spring.

  132. The Original NJ ExPat says:

    I don’t know if anyone here has ever been on Jury Duty in Newark, but IIRC they let jurors go between 2 and 3PM; Forget about dark, they don’t even want any shadows, so jurors have at least a 50/50 shot to get to their car alive.

    Amazon in Newark, they only need security from the office to the carpark!

  133. The Original NJ ExPat says:

    No job for you joyce. You’re old and constantly running your mouth.

    Expat,
    I’m sure you can quickly calculate what percentage of posts were you in this thread. Seems like you don’t mind inane drivel as long as it comes from you.

  134. The Original NJ ExPat says:

    I’ll reiterate that no one wants to move to NJ, they simply live and die there.

    Here’s another reason people don’t leave NJ: Unless you are truly famous and notable, you have zero status when you leave NJ. Do you think anybody outside of NJ knows the difference between Alpine and Rutherford? Closter and Wayne? Glen Rock and Wantage? You’re nothing but someone from Jersey when you leave. My wealthy MIL used to make hints that she might like living in Wellesley. I told her I wasn’t sure that they allow people from Jersey to move there.

    I’ll reiterate that some very wealthy people choose to make this their home so there must be some positive qualities that again cause people who can live literally anywhere choose to live here.

  135. The Original NJ ExPat says:

    And 104% of them made their money living in NJ. Nobody goes movin’ on up to a Dee-Luxe CH Colonial in Franklin Lakes if they made their money outside of NJ.

    Again I know people worth in excess of 400m who spend the vast majority of their time in NJ because they want to and no they aren’t originally from here.

  136. The Original NJ ExPat says:

    ^^^Except for some stupid Manhattan men born with a silver spoon in their mouth but made the single mistake of marrying a Jersey girl. This is a rarity, because if you were raised in Manhattan you are taught throughout your life to never get involved with anyone from NJ, no matter how great the tits are.

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