Case Shiller Day

From HousingWire:

Case Shiller: Home prices rise at fastest pace since 2014

Home prices increased in September at their fastest pace in more than three years, according to the latest S&P CoreLogic Case-Shiller Indices released by S&P Dow Jones and CoreLogic.

The Case-Shiller National Home Price NSA Index, which covers all nine U.S. census divisions, showed over the last 12 months, home prices increased 6.2% nationally, the highest annual rate of increase since June 2014. This is up from August’s increase of 5.9%.

The 10-City Composite increased 5.7% in September, up from last month’s increase of 5.2% and, as the chart below shows, rising back to its winter 2007 level. Similarly, the 20-City Composite increased 6.2% from last year, up from August’s increase of 5.8%.

“Home prices continued to rise across the country with the S&P CoreLogic Case-Shiller National Index rising at the fastest annual rate since June 2014,” said David Blitzer, S&P Dow Jones Indices managing director and chairman of the Index Committee. “Home prices were higher in all 20 cities tracked by these indices compared to a year earlier; 16 cities saw annual price increases accelerate from last month.”

“Strength continues to be concentrated in the west with Seattle, Las Vegas, San Diego and Portland seeing the largest gains,” Blitzer said. “The smallest increases were in Atlanta, New York, Miami, Chicago and Washington. Eight cities have surpassed their pre-financial crisis peaks.”

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84 Responses to Case Shiller Day

  1. grim says:

    Depends on the penny and if you’re watching a market. I didn’t think there was a pancake market.

    The failure in the theory was that you can already get instant pancakes. You add a cup of water to the jug, shake it, make a shit ton of pancakes, throw out the jug – no clean up. It’s not a novel concept at all, it’s an overcomplication for no reason at all, now you need refrigeration, you need to sell it in a different part of a store. Besides, who really puts this much thought into pancakes.

  2. Fabius Maximus says:

    Just watching this country crumble as they kill it by 1000 cuts.
    Is this greatness Gary?
    http://foreignpolicy.com/2017/10/26/state-department-scraps-sanctions-office

  3. grim says:

    The typical gym business model is heavily weighted towards those who don’t come.

    Like most other subscription services, what is being banked on is that you simply can’t be bothered to take the time to cancel.

    The 80s and 90s were plagued with this crap, direct mail plates to grandmothers, who were automatically charged on their new fangled cards for years worth of crap. Nick-nacks, collectables, videos, books, etc. Publisher’s Clearing House, Readers Digest, TimeLife, Funk and Wagnals, etc etc. Peddling direct mail crap was where I got my start. I did tons of work for RD and PCH while still in college.

    Gyms, the exact same. They’ll make it as hard as possible to cancel. You need to come in first, write a letter to corporate to cancel, blah blah blah. It all makes sense when you realize, their best customers are the ones that never come back after signing up. You wonder, how the heck can a gym be this cheap, $19 a month? Sure, realize for every 10 paying members, 1 attends regularly.

    I don’t know what’s more egregious, this model, or these “crossfit gyms”, which are like dirty warehouses charging $200 a month to pull old rope, flip dirty tires around, jump on old milk crates. Christ they really pulled a number over on their “trainees”. People used to call this going to work.

  4. Grab them by the puzzy says:

    @michaelrburris

    A major victory for the wealthiest Americans.
    Borrow $2.3 trillion from the Chinese and hand it to the wealthiest.
    Meanwhile, middle class pays more, poor get more lifesaving programs cut and health insurance costs more for all.

  5. Grab them by the puzzy says:

    @RoKhanna

    Under the GOP tax plan, a graduate student who is paid $33,000 per year and also receives a tuition waiver of $50,000 will be forced to pay taxes on the entire $83,000. This will make it nearly impossible for many graduate students to survive.

  6. grim says:

    Hearing that they are looking to provide more of a tax benefit to pass-thru entities, very nice.

  7. Hold my beer says:

    Soon you will have o pay income tax on coupons

  8. leftwing says:

    Puzzy, really, who are these people? I mean I know some liberals can be obtuse and literal, but seriously?

    Burris (?), I guess it’s ok to just pull stuff out of your arsehole and post if it fits the party line. Don’t even know where to start fact checking that one, and won’t waste the time trying.

    Whoever RoKhanna is…..you guys on the Left do understand that ‘markets’ adjust? That static analysis is just a political tool you use to beat up the Right, not reality, right? Meaning of course there won’t be a wh0lesale shutdown of graduate education. The easiest work around on an individual basis is to drop the tuition charge to essentially the amount actually being paid. The hopeful outcome is that schools will stop acting like bad car dealers, marking up tuition sticker prices to exorbitant levels just to offer massive ‘markdowns’ (grants, scholarships, etc), bilking some customers and favoring others.

    If there is one positive unintended consequence of this tax legislation it is hopefully some discipline by removing market distorting subsidies. It is notable that the actual gubernatorial tally wasn’t even final and Murphy was already walking back his ‘millionaires tax’ pledge due to the removal of federal subsidies for SALT. It was fine for him to slam the NJ population harder when the Feds were underwriting 39% of it, less so when he needs to be entirely accountable to those he’s trying to tax.

  9. grim says:

    Looks like I’m going to make out pretty well under the new law.

    Going to buy a brand new loaded F-150 next year, section 179, to reduce my pass-thru taxable income to nil. Now I know why Ford sells $50k pickup trucks. Nobody actually pays for them.

  10. leftwing says:

    Dude, don’t do that. The last cycle of jacked up landscapers and snowplowers blasting around town in those things was enough.

    Has to be a way to work a nice new Mercedes through under the rules.

  11. leftwing says:

    Also, a $50k truck is for pikers. If go there, go big.

    http://money.cnn.com/2017/09/28/luxury/ford-f-450-limited/index.html

  12. Hold my beer says:

    Grim,

    The Toyota Tundra seems to be the unofficial pickup for YouTube outdoor vloggers

  13. leftwing says:

    Better yet, combine the two above suggestions. These things are all over SoCal, just seeing them pop up here recently. Trendsetting, baby. Microdistillery, AMG SUV…

    https://www.topgear.com/car-news/frankfurt-motor-show/meet-new-range-topping-mercedes-amg-g63-and-g65

  14. leftwing says:

    You’ll get laid more than HW.

  15. leftwing says:

    And with the added bonus of no criminal charges.

  16. Blue Ribbon Teacher says:

    @RoKhanna

    Under the GOP tax plan, a graduate student who is paid $33,000 per year and also receives a tuition waiver of $50,000 will be forced to pay taxes on the entire $83,000. This will make it nearly impossible for many graduate students to survive

    This is stupid. Tuition waiver is a joke. The school is able to modify their tuition for the graduate school down to 50 cents if they want and then they can waive that.

  17. chicagofinance says:

    You deserve something because everyone before you received it?

    What a fcuking lie…… how about the security of all the people’s families who are going to pay for the legalized public stealing that you have the nerve to commit out in the open?

    NJGator says:
    November 27, 2017 at 9:54 pm
    “I just wanted what everybody else had and I wanted the security of it for my family,” he said. “I wanted to know I was leaving with what everyone else was.”…

  18. chicagofinance says:

    What this bastard move to North Carolina because of the high cost of a retiree living in New Jersey? hypocrisy…..

  19. Fast Eddie says:

    A major victory for the wealthiest Americans.
    Borrow $2.3 trillion from the Chinese and hand it to the wealthiest.

    Cool. It’ll translate into steady dividends. Sounds good to me. The producers of society need to be rewarded for providing for the layabouts. It’s only fair.

  20. Juice Box says:

    Grim only the F-150?

    Just think about how much hooch you can run in the F-450 Limited!

    “The New Ford F-450 Is the Pickup Truck for the 1%”

    Ford Motor has added a new truck to its 2018 lineup that is pushing the boundaries on luxury and price. The F-450 Limited 4×4 is heftier and more luxurious than its previous top-of-line trucks the King Ranch and Platinum editions. And its price tag is equally beefy, hitting the $100,000 mark for a fully loaded version, including taxes and shipping.

    The new Ford truck starts at $87,100, which includes a $1,295 destination fee. For the base model of the F-450, customers will get a pickup capable of towing more than 30,000 pounds. Ford makes a special point to note that this is the weight of a stealthy Air Force F-35 fighter plane. The truck is powered by a 6.7-liter Power Stroke turbodiesel V-8 and has a six-speed automatic transmission.

    http://fortune.com/2017/09/28/ford-100k-pickup-truck/

  21. No One says:

    The only reason the US government has to borrow is because it spends so much. It’s bizarre that some people think that to allow some people to keep 65% of what they earn instead of 60% is unethical and irresponsible, but think that a negative 300% tax rate for the least productive individuals is totally justified and should be expanded further.
    Shrink the size of government, delegitimize the modern welfare state, and there’s no debt or deficit problem. And then the great number of people who have such a great concern for the poor can exercise their right to volunteer to do something about the social problems that the welfare state has exacerbated, rather than demanding the government expropriate other people’s wealth to somehow make all problems go away, at no effort for themselves.

  22. 3b says:

    Still amazed I am hearing zero talk about this tax reform. It’s like its not happening or people perhaps don’t think it will happen. Looks to me like it’s happening.

  23. Fast Eddie says:

    And then the great number of people who have such a great concern for the poor can exercise their right to volunteer to do something about the social problems that the welfare state has exacerbated, rather than demanding the government expropriate other people’s wealth to somehow make all problems go away, at no effort for themselves.

    I ask the bleeding heart liberals on this board how much of their time and income they donate to ease the burden on the so-called, less fortunate souls. I’ve asked for years and still haven’t received an answer.

  24. grim says:

    Looks to me like it’s happening.

    It’s a lock.

    Trump’s legacy will be to have only passed on piece of legislation. Coincidentally, it was the one that f*cked NJ over.

  25. grim says:

    NY Metro Mid-Tier ($312k-$498k) sees the fastest price increase in September – Up 7.4% year over year, edges out the low tier of 7.3%, and high tier is far behind at 3.6%.

  26. grim says:

    Pricing is roughly on-par with Summer 2005, all tiers.

  27. The Great Pumpkin says:

    No one,

    Under theory of competition, no one should be able to get rich. Are you for both wealth and competition? It makes no sense. If there is true competition, it’s impossible to become wealthy, there should always be a competitor to eat into your profit margin. So explain how our economy always comes to be owned by a few.

    Not an attack, but a serious inquiry. I’m trying to make sense of our economy. To me, it seems like there is competition to a point, but then competition becomes corrupted as huge amounts of wealth come into play.

  28. LurksMcGee says:

    I think this video from Ray Dalio should be a prerequisite to people voting.

    https://www.youtube.com/watch?v=PHe0bXAIuk0

    I completely agree with No One and Fast Eddie. Squeezing from the top isn’t the panacea the left is hopes it is. Eventually, you run out of other people’s money.

  29. 3b says:

    Grim from what I read many in New Jersey won’t feel anything with the increase in standard deduction. The interesting thing is the effective date of November 2. So if you closed on a house with a 20k a year property tax and were not paying attention you are now going to find out only 10k of it is tax deductible.

  30. 3b says:

    I personally think the MID has always been over hyped.

  31. Yo! says:

    Grim, the New York condo tier is 28% above the summer 2005 level.

  32. ExJerz says:

    10:35. How bout dat! 70’s today. Wind advisory. Hey

  33. leftwing says:

    Powell hearings. Warren has the mic.

    Mentally penciling in 46-4 in State count in 2020 if she ran. Her entire demeanor is so foul I’ll make odds of a 48-2 sweep by Repubs if she’s on the ticket.

    Bet she’s the kind of person where the grandkids have to be pulled into her house, kicking and screaming, leaving fingernail marks on the door trim. “Mom, please, do I HAVE to go there?!?!

  34. 3b says:

    Why such a big jump in condos vs 2005 pricing on the rest?

  35. Libturd, AKA Dr. Howie Feltersnatch says:

    Shut up. It was pretty cold this morning. First time windows were iced for me this year.

  36. leftwing says:

    Brooklyn, JC, Hoboken, etc?

  37. leftwing says:

    My town, our SFH has been through peak for a bit now. Condos, still about 10% under.

  38. Blue Ribbon Teacher says:

    No one,

    Under theory of competition, no one should be able to get rich. Are you for both wealth and competition? It makes no sense. If there is true competition, it’s impossible to become wealthy, there should always be a competitor to eat into your profit margin. So explain how our economy always comes to be owned by a few.

    Not an attack, but a serious inquiry. I’m trying to make sense of our economy. To me, it seems like there is competition to a point, but then competition becomes corrupted as huge amounts of wealth come into play.

    Hey Pumpkin, Colonel Sanders still hasn’t disclosed what those secret herbs and spices are.

  39. The Great Pumpkin says:

    Blue,

    So it’s not really a competition. It’s a game of position? Is this what you are inferring?

  40. D-FENS says:

    Has there ever been legislation federal or state, that hasn’t f*cked NJ over?

  41. Daddy Deported says:

    Just watching this country crumble swamp drain as they kill it by 1000 cuts.

  42. Daddy Deported says:

    Good. They can just find out sooner that they can work at Starbucks even without a masters degree in Gender Studies.

    @RoKhanna

    Under the GOP tax plan, a graduate student who is paid $33,000 per year and also receives a tuition waiver of $50,000 will be forced to pay taxes on the entire $83,000. This will make it nearly impossible for many graduate students to survive.

  43. Libturd, AKA Dr. Howie Feltersnatch says:

    So it’s pretty much official. NJ sucks for everyone except the following four groups:

    1) The wealthy, who will continue to buy their government for cheap.
    2) The public worker, whose union will continue to buy their government with votes and endorsements.
    3) The working poor, who will get paid $15 an hour now to fukc up your meal.
    4) The alien criminal, who will seek sanctuary here.

    I’m not upset though. I’ll be outta here before the impact is too great.

  44. D-FENS says:

    Trump taunting Warren….maybe there’s a backstory?

    https://theconservativetreehouse.com/2017/11/27/acting-cfpb-director-mick-mulvaney-holds-brilliant-press-conference-video/

    The CFPB was essentially created to work as a legal money laundering operation for progressive causes by fining financial institutions for conduct the CFPB finds in violation of their unilateral and arbitrary rules and regulations. The CFPB then use the proceeds from the fines to fund progressive organizations and causes. That’s the underlying reason why the Democrats are fraught with anxiety right now.

    Elizabeth Warren set up the bureau to operate above any oversight. Additionally, the bureau was placed under spending authority of the federal reserve. The CFPB gets its operating budget from the Federal Reserve, not from congress. Again, this was set-up to keep congress from defunding the agency as a way to remove it. Everything about the way the CFPB was structured was done to avoid any oversight. Hence, a DC circuit court finding the agency held too much power, and deemed the Directors unchecked position unconstitutional.

    Mick Mulvaney is now in a position to look at the books, look at the prior records within the bureau, and expose the political agenda within it to the larger public. That is sending the progressives bananas.

    Most likely President Trump will not appoint a replacement until Mulvaney has exposed the corruption within the bureau. That sunlight is toxic to Elizabeth Warren and can potentially be politically destructive to the Democrats. If the secrets within the bureau are revealed, there’s a much greater likelihood the bureau will be dissolved.

    There are billions of scheme and graft at stake. Within the record-keeping there are more than likely dozens of progressive/Democrat organizations being financed by the secret enterprise that operates without oversight. That’s the risk to the SWAMP.

  45. The Great Pumpkin says:

    That’s pretty insane that they spend more on lobbying than they do paying taxes. If that doesn’t tell you something is wrong, what will? Really good read that destroys most of what ayn rand types push about free markets.

    “In the US, by 2011 the largest thirty corporations spent more that year on lobbying government than they spent on taxes. Big oil alone spent over $169m in lobbying the US government in 2009. Between 1998 and 2008 (the year of the bailout) the US Banking Sector spent $3.4bn lobbying for deregulation, reduced capital requirements and avoiding the regulation of derivatives (which caused the financial crisis). When they aren’t lobbying, they are simply gaining positions of power within the government itself to directly redraft legislation to suit them.“

    http://climateandcapitalism.com/2013/02/28/like-unicorns-the-free-market-is-a-myth/

  46. The Great Pumpkin says:

    Those taxes must be so crippling to their bottom line that they spend even more capital on lobbying the govt to get rid of it. 🤔 Like I’ve said, full of shi! that the corporations need lower taxes to function. Guess unicorns are real…

  47. The Great Pumpkin says:

    Pretty sick, we are right now putting in a tax law to lower their taxes even more on the backs of people like me. Disgusting. Only 7%, from 30%, now you know why our infrastructure and public education has funding issues.

    “In 1950, corporate taxes made up 30% of federal revenues in the US. By 2012, this had fallen to just7%. In the UK, Corporation Tax rates were cut from 52% to 35% over just two years between 1984-6 and has continued to be cut until it stands at just 21% today.”

  48. D-FENS says:

    hard working blog commenters resist!

  49. Hold my beer says:

    Pumpkin,

    When the bill passes, you will lose your SALT, but you can write off your private jet. You will come out ahead

  50. 3b says:

    Stocks surge 250 points as tax bill heads toward senate vote! Nobody seems to care!!

  51. 3b says:

    And elimination of medical expenses too! And not a peep. Too consumed with Christopher Columbus and Pocahontas!

  52. 3b says:

    Consumer confidence at a 17 year high!! So it appears all good!

  53. leftwing says:

    Trump the troll……

    Having a press conference now with McConnell and Ryan. Trump is center of table. Ryan and McConnell at the ends, one seat away from Trump. Everyone has seat placards with names.

    The seats immediately next to Trump? Empty, except the placards. One for Pelosi, one for Schumer. LOL.

  54. The Great Pumpkin says:

    I’m sorry, Elizabeth is a good person with good intentions. You conservatives have no morals or values. You are attacking a woman truly devoted to helping the middle class survive and you piss on her.

    “The CFPB is the product of far-left progressives, specifically Elizabeth Warren, initially setting up a financial control agency that operates without congressional oversight. The Bureau construct was challenged in court and ruled ‘unconstitutional’. That’s the backdrop for this press conference today with Acting Director Mick Mulvaney.“

  55. The Great Pumpkin says:

    And that Pocahontas reference yesterday was an embarrassment. Something is trrribly off/wrong with trump. How he gets away with this is beyond me. It’s like having a child running our country.

  56. Wh3reis MyMon3y says:

    For all of you landlords in here have you signed up for Informed Delivery by the post office?

    Is creepy cool. They take a picture of all letters as they are processed by the automated sorting system. Now with Informed Delivery they let you know/send you an image of the front of the envelope on its way to you.

    So now you can say- A nope, the check is not in the mail.

  57. Not DFense says:

    Fense, You can talk all you want about Pocahontas and her lefty agenda.

    But you’ll surely get your turn when a bankster transaction that you deal with turns on you and you got to pay up tons of fees and can’t have any recourse with courts or law because of the arbitration rules.

    The one area where the CFPB went hard was to stick it to the tons of payday lenders praying on the enlisted soldiers and their families. As you probably don’t know or care – the enlisted guys get paid scraps, many qualify for food aid, and they just change their pension to a large chunk of 401k style.

    But don’t worry Fense, keep drinking your FOX kool aid. By the way the Aussie Murdoch was married to Chinese lady with deep ties to Chinese intelligence. Murdoch does whatever the CCP aka Xi tells him to do because he has lots of money making enterprises there.

    The dear old James Jesus Angleton is probably doing 5000 rpm in his grave right now. If he were alive, he would say ” We got a stranger in our house”.

    Fense, think a little baby. I don’t think you realize how bad this country is getting screwed by its own people that drank a nice tasting poison prepared by its enemies.

  58. Not Dfense says:

    And did you know that Murdoch, like Putin – does not uses email or have a computer in their office. Both are strictly pencil and papers that get burned and nice one on one secured meetings.

  59. chicagofinance says:

    Let’s give a quick shout out to Christina Applegate….
    https://youtu.be/F4GL2_AVFHU?t=34s

  60. chicagofinance says:

    Elizabeth Warren is a political hack…..I didn’t really know much about her until seeing her interviewed about 2 years ago…….walked away from that observation really disappointed…… Chuck Shumer is better…… I really wish he was more balanced; he seems quite intelligent and capable, but he is hopelessly a slime……

    The Great Pumpkin says:
    November 28, 2017 at 4:20 pm
    I’m sorry, Elizabeth is a good person with good intentions. You conservatives have no morals or values. You are attacking a woman truly devoted to helping the middle class survive and you piss on her.

  61. ExJerz says:

    You pick up a lil dynamite, I’ll pick up little gun,
    And together we’re gonna go out tonight and make that highway run.

  62. Fabius Maximus says:

    tax bill heads toward senate vote! Nobody seems to care!!

    Whats there to care about, nothing is going to stop this? It was railroaded trough committee without one minute of debate. We don’t know whats in half of it. It will be voted straight down party lines. I would say the GOP should be ashamed, but A) they don’t seem to have any shame, decency, backbone left.

    But at least they own it. and all who voted for it.

    So when Gary looks down at his extra $100 dividend check and realises it cost him $400 in increased taxes he will be able to say that he is looking at true greatness.

  63. Libturd sporting Tiger Wood says:

    I’m doing everything possible to juice up my LLC advantages.

  64. Fabius Maximus says:

    Here’s my view on taxes. Lets take our host for example. I have been always of the view, that giving him a break on his personal taxes to start a business, is a good thing and its what the code was designed for. He gets a break on the taxes and I (or we as society) get a promise of future tax revenue that should more than offset what he did not pay. It’s a win/win.
    But what do we get in reality? The business is up and running and there is no tax revenue as it’s being offset by a new truck. If it was an investment in the business (a second still, bigger premises, expansion, personnel hiring), I could get behind that. Does the business need a truck? Maybe it does, but does it need to be new. Buy a 10yr old truck for 10% of the cost of new and use that for the business. Is the truck that missi0n crit1cal. If it was, why not buy it day one.

    So at this point I have to say, Grim pay your up. If I (or we as society) are getting nothing in return, why should we have to carry your risk and subsidize your business?

  65. Fabius Maximus says:

    BRT

    “This is stupid. Tuition waiver is a joke. The school is able to modify their tuition for the graduate school down to 50 cents if they want and then they can waive that.”

    No the school gets to write the waived tuition off against taxes. So they can reduce the cost, but their tax bill goes up. Its the same with medical billing.

  66. Fabius Maximus says:

    Listening to ESPN on the way home was fun. Everyone is melting down over the Giants. Micheal Kay had a great comment “They benched a HOF QA for a guy that couldn’t even make the Jets!”

    I don’t see a problem with it. Putting in Geno makes it a lock for 3rd place in the draft. That is more important at this stage. I’m worried my 49ers may start winning games under Garoppolo and mess up the second spot. This year is for rebuilding.

  67. The Great Pumpkin says:

    Boom! A jersey conservative just asked Cruz a witty question. He asked how does raising taxes on the middle class fall in line with conservative values? Boom! Hypocrites. Should be ashamed of themselves for always advocating cutting taxes and then raising taxes on people. Got damn conservatives raising my taxes….unreal!

  68. The Great Pumpkin says:

    The pillar of hypocrisy. The party always running on cutting taxes, is raising my taxes by a large amount. What scumbags!

  69. joyce says:

    Hospitals and other providers write-off bad debt… waiving tuition is apples to oranges.

    Fabius Maximus says:
    November 28, 2017 at 8:14 pm
    BRT

    “This is stupid. Tuition waiver is a joke. The school is able to modify their tuition for the graduate school down to 50 cents if they want and then they can waive that.”

    No the school gets to write the waived tuition off against taxes. So they can reduce the cost, but their tax bill goes up. Its the same with medical billing.

  70. Grim says:

    Why should I have to subsidize your charitable contributions?

  71. The Great Pumpkin says:

    Opinion: Five lessons from a seasoned fund manager who knows how to beat the stock market – MarketWatch
    https://apple.news/Adt0Z8gxJRKuvp5tNYLUs7w

  72. The Great Pumpkin says:

    You know I agree with that. Diversification at a young ageis for suckers.

  73. The Great Pumpkin says:

    “diworsification,”

  74. Fabius Maximus says:

    Joyce,

    I’m not talking uncollectable, I am talking Contractuals.

  75. Fabius Maximus says:

    “Why should I have to subsidize your charitable contributions?”

    My contributions have no expectation of a return and no expectation to generate revenue. You on the other hand can expect to receive 100% of your equity investment back to you tax free.

    Wipe out both. I will still give my 70%

  76. Leftwing says:

    Joyce, worse than apples and oranges. He makes no sense.

    “Fabius Maximus says:
    No the school gets to write the waived tuition off against taxes. So they can reduce the cost, but their tax bill goes up.”

    It’s a wash. If tuition is 100 and they waive 40 the revenue is 60. Does not matter if you get to 60 by charging it directly or writing off 40 from 100. It is still 60 either way.

    That is of course ignoring the fact that schools are not tax paying entities anyway.

  77. Blue Ribbon Teacher says:

    No the school gets to write the waived tuition off against taxes. So they can reduce the cost, but their tax bill goes up. Its the same with medical billing.

    well then, if the school’s still want their graduate student slave labor, they are going to have to kick in more. The idea that graduate students are going away is nonsense. Maybe they can pay it out of their gigantic endowment. We’re talking pennies in the grand scheme of things.

    But that being said, when I was in grad school at Rutgers, 80% of our graduate student body were foreigners, mostly from China, but they came from all over (Mexico, Puerto Rico, Iran, Spain, England, China, Korea). They were being paid off of federal grants. So, we pay foreigners to come get their degree, waive their tuition, and let them go home and earn a living in their country. I’m sorry, but as a former grad student…I just don’t care what happens here. Besides, what I saw is that people that went to grad school were better students. But people who went to work right after their bachelor’s earned more money and still do. I make significantly more than nearly all of my graduate school friends (engineers, chemists, biochemists) and I’m a public school teacher. We’re probably doing them a favor if this prevents them from going to grad school.

  78. Leftwing says:

    Fabs, if you believe grim is getting that deal show me and I will make a very large investment and give you 20% right off the top, immediately. Dead serious.

  79. joyce says:

    LW,
    Fabius doesn’t think words mean what they mean.
    https://www.youtube.com/watch?v=G2y8Sx4B2Sk

  80. Fabius Maximus says:

    Joyce I should remember never argue with a Sicilian when death is on the line!
    https://www.youtube.com/watch?v=3EkBuKQEkio

    Its comes down to Cash basis vs Accrual basis accounting.

    BRT,

    While the education of the general populous is tax free, I thought this was on the Grad side of the house which is not always tax exempt.

  81. Fabius Maximus says:

    Left,

    Go talk to Eddie Ray, he can explain it, set it up for you and bill you for it. The bigger problem is what to invest in. Grim Hooch could have gone belly up and it would be lose/lose. He loses his investment and I(/We the Society) lose the tax he should have paid in the first place.

Comments are closed.