From the Star Ledger:
Who wants to buy a home in New Jersey? And what happened to the American Dream
It used to be part of the American Dream — the cute house in the suburbs with a garage and a big yard for the kids.
Now, however, more and more New Jersey residents are opting out.
In the last ten years, there are fewer homeowners and more renters in New Jersey, according to an analysis of Census housing data.
Of the 3.1 million housing units, about 64.1 percent are owned by their occupants while 35.9 percent are rented – about 2.5 percentage points less than it was about 10 years ago.
In terms of numbers, there are now about 318,000 new residents living in rental units in New Jersey and about 156,000 fewer living in a purchased home.
The Census compares the 2012-2016 five-year American Community survey to 2007-2011 and provides a snapshot on how homeownership and rental rates have changed in the last decade.
A closer look at county data shows that all counties in New Jersey, except for Cape May, have lost homeowners. Atlantic, Passaic, Hudson and Salem counties lost more than four percent of homeowners over the last 10 years.
…
If you add in rising house prices and property taxes, it has pushed more and more people out of homeownership, according to Riordan.Millenials who are just getting into the age of considering homeownership have been especially affected.
“They are saddled with [student loan] debt.” James Hughes, dean emeritus of the Edward J. Bloustein School of Planning and Public Policy at Rutgers. “Their credit ratings are not that high so banks are reluctant to loan to them.”
…
Even though Hughes said these millennials might be starting to get out of it, the trend will probably continue. “They’ll probably be replaced by Generation Z,” he said.In addition, they prefer to stay more mobile so that it’s easier to move when they find better job opportunities in a tough job market.
Perhaps due to all this, the current crop of young people has delayed settling down and starting families.
“They think, ‘If I don’t have kids, I don’t have to have a house,” Kevin Riordan of Rutgers Center for Real Estate said.
Along with this, younger people are opting to live in cities where there are more rental units, instead of moving to the suburbs.
Friskies
Grim, looking good for getting out today.
https://flightaware.com/live/cancelled/today/KEWR
Switched to a slightly earlier flight, figuring everything would be delayed and I’ll just take off when I originally expected to. Looks like it’s going to change over to rain relatively early in Newark. Fingers crossed, otherwise I spend 7 hours hanging out in Newark.
Annoys me to no end that you can’t use the free club passes in Newark too.
You are the Yoda of this board.
Pete says:
February 6, 2018 at 10:54 pm
Dumber by the day this board gets.
It’s not possible for them to get any dumber.
Pete says:
February 6, 2018 at 10:54 pm
Dumber by the day this board gets.
Sailors fighting in the dance hall
Oh man look at those cavemen go
It’s the freakiest show
Take a look at the lawman
Beating up the wrong guy
Oh man wonder if he’ll ever know
He’s in the best selling show
Is there life on Mars?
grim…… I guess you have a flight delay……
Can you drink Silk City in the terminal in the AM?
SpaceX sends a Tesla roadster well past Mars orbit, in one of the most impressive feats in the history of spaceflight, and Amtrak can’t keep a train from falling apart on the tracks.
What’s clear now is that it was Americans who put a man on the moon, not America, a very subtle, but important, difference.
Can you drink Silk City in the terminal in the AM?
Trying to get my bottles in Proof in Terminal C, however thats not likely to happen unless I sign with a distributor. I am bringing some bottles though, for my friends over on Hacker Way.
The United lounge shut off is a bit of a pain. I can take the inter terminal bus and use the Air Canada lounge over in Terminal A. Priority pass lounge access come with my Chase Reserve card.
https://www.prioritypass.com/en/loungesearch?entity=af37ddfd-ccb6-423a-9748-3548bd9849b7
Midterms are going to be fun.
http://thehill.com/homenews/state-watch/372670-dems-pick-up-deep-red-legislative-seat-in-missouri
NJ ranks #2 in most millionaires per capita. 1 in 12 households.
https://www.cnbc.com/2018/02/07/states-with-the-most-millionaires-per-capita.html
Disagree Grim,
The NASA Moon run was made by the Greatest Gen (Depression,WW2).
SpaceX -Elon Musk is a GenXr. Born 1971
Reason Amtrak can’t get its cr4p together is who runs it. The Boomers.
Stop looking at things ideologically and look at them generationally.
Q – What’s clear now is that it was Americans who put a man on the moon, not America, a very subtle, but important, difference.
Anything the federal or state governments touch today turns to shit. America is no longer capable of putting a man on the moon, or even replicating a tunnel dug 100 years ago. All levels of government are more interested in carrying on as if they were a reality tv show.
“America” built these tunnels mostly using Irish immigrants.
@MichaelSLinden
Walmart, Home Depot and Lowes all gave out $1000 bonuses, but only to workers who’ve been there 20 years!
That’s the equivalent of a retroactive wage increase of 2.5 cents an hour.
Makes $1.50 seem downright generous.
Hence, Americans, not America.
NWNJ,
Just for you.
University of Oxford project finds Trump supporters consume largest volume of ‘junk news’ on Facebook and Twitter
https://www.theguardian.com/technology/2018/feb/06/sharing-fake-news-us-rightwing-study-trump-university-of-oxford
Pete,
If I have to explain the “+ 1” for Steamturd’s comment then you don’t get it. Perhaps it’s my fault for not expanding.
Again, the Boomers’s State and Federal Govt turns to sh$t.
Look at the Public Works Administration constructions of the 30s/ Building and fighting WW2.
Now look at the mess of contractors’ war profiteering that created Iraq/Afghanistan.
Boomers – Ideology was the point of those wars. It was about Public Private Partnership Ideological Free Marketeer’s dream – but nightmare for everyone else. They had soldiers’ mess hall run by Salvadoreans thru different subcontractor layers.
Greatest Gen – Consider WW2. The soldier was assigned kitchen duties.
Boomers – All that profiteering and layers of skimming money for the connected.
Greatest Gen – Kept the soldier to do kitchen duties and use all that skimmed money to pay higher soldier wages and benefits instead of going to the Pay to Play Crowd.
Boomers = Ideological and Moral Bankruptcy.
Until they are out of political and corporate power- Nothing will change, and we are all for sale to the highest bidder, just pawns to who ever pays the higher.
Wells Fargo – raised base wage from $13.50 to $15.00 per hour; $400 million in charitable donations for 2018; $100 million increased capital investment over next three years.
“Our announcement was directly related to the passage of tax reform.” — Arati Sontakay Randolph, Wells Fargo senior vice president.
While Democrat politicians have rallied their voters on promises to force businesses to pay their employees a “living wage” of $15/hr, they have failed to realize that passing laws to make a business pay a higher wage will only result in crippling both small businesses and their employees, as they will only push towards further automation of their production processes and finding ways to minimize work hours.
However, as with Trump’s tax plan, providing beneficial market conditions for businesses to succeed while limiting burdensome corporate tax rates as well as regulations, will enable companies to increase their pay rates naturally, which will allow them to offer more benefits to their employees without having to find ways to cut their staff or expansions to pay for it.
Insurance and financial institutions have also joined the fray of announcing benefits and bonuses for their employees, including increasing their employee 401k plan matching programs.
Boomers = Ideological and Moral Bankruptcy.
Until they are out of political and corporate power- Nothing will change, and we are all for sale to the highest bidder, just pawns to who ever pays the higher.
Agree
I think sending a car into space is really pointless, the sort of thing I’d expect to appeal to the selfie/memeing generation for whom pointless=cool. But appropriate for a guy who sends cash into space while losing money making cars for rich people and claiming that is somehow saving the earth, while also selling propane powered blow torches just for publicity.
What was the point of sending a person to the moon?
It was pointless too.
However, in the context of the time, the zeitgeist, it was historic.
What SpaceX did, was just as meaningful, and just as inspirational. Launching a rocket is no longer impressive to kids, send a car to Mars, and land the rocket, and now you’ve got their attention. We need more of this, not less. How else are we supposed to inspire our children to take up Sciences and Mathematics? The Kardashians? Trump? Bernie? Nah. Sending a car to Mars while blasting Bowie.
Aflac – increase 401(k) match from 50% to 100% on the first 4% of compensation plus one-time $500 contribution to every employee’s 401(k); $250 million increase in overall U.S. investment.
“We are pleased that these tax reforms provide Aflac with an opportunity to increase our investments in initiatives that reflect our company values; providing for our employees in the long and short term, ensuring future growth for our company and giving back to the community.” — Aflac Chairman and CEO Dan Amos
Awfully sad that you think it was a pointless waste of money, completely missing the point. What the worthless Millennials and Gen-X’ers at SpaceX did yesterday was epic. SpaceX is now more meaningful than NASA, which really is a shame.
How else are we supposed to inspire our children to take up Sciences and Mathematics?
Take away their cell phones for a first step.
Dilly Dilly
Anything the federal or state governments touch today turns to shit.
Try telling that to the dumb, lefty liberals on this forum.
“What’s clear now is that it was Americans who put a man on the moon, not America, a very subtle, but important, difference.”
Feeling a bit Randy this morning, are we?
10:23 “…Thank You President Trump….”
Come to this blog and let the stupid run through you.
“The marching orders were: I want a parade like the one in France,” the official told the Post. “This is being worked at the highest levels of the military.”
Grim, I understand the take off an landing of the rockets was impressive, but the car is just trash floating in space. Its like the guy in front of you on rt80 tossing is beer can out the window when he is done.
I love a parade
We need more of this, not less. How else are we supposed to inspire our children to take up Sciences and Mathematics?
Pay math and science teachers more money to attract talent. I’ve turned at least 15 kids into Physics majors in the past 6 years.
…and circuses!! and Croissants….
and dancing girls!!!!
Quant review of Friday and Monday…
https://www.cnbc.com/video/2018/02/06/the-man-who-moves-markets-says-expect-a-volatile-week.html
Just to be clear, $1,000 is a chunk of change to a lot of people in this country. To just flip it away as if it is meaningless is a combination of decadent, condescending, and completely insulting.
Very Stable Genius says:
February 7, 2018 at 9:21 am
@MichaelSLinden
Walmart, Home Depot and Lowes all gave out $1000 bonuses, but only to workers who’ve been there 20 years!
That’s the equivalent of a retroactive wage increase of 2.5 cents an hour.
Makes $1.50 seem downright generous.
“Just to be clear, $1,000 is a chunk of change to a lot of people in this country.”
Especially for the target audience, 20+ year retail workers. Probably the largest lump sum they see outside of maybe a tax refund.
Liberal arrogance.
And they got 0 cents the previous 8 years
@MichaeSLinden
In case you were wondering, the average weekly tax cut for a millionaire is $1,340.
That’s 893 times bigger than $1.50.
@MichaelSLinden
The TrumpTax gave $11 billion in tax cuts to 4 giant oil companies in the 4th quarter of 2017.
@MichaelSLinden
Home Depot workers get a one-time $1000 bonus…if they’ve worked there for 20 years.
Exxon gets $6 billion.
Hostess workers get free snack cakes for a year.
Chevron gets $2 billion.
Kimberly Clark workers get pink slips.
Valero gets $1.9 billion.
“The liberal agenda gratifies various types of pathological dependency; augments primitive feelings of envy and inferiority; reinforces paranoid perceptions of victimization; implements manic delusions of grandeur; exploits government authority for power, domination and revenge; and satisfies infantile claims to entitlement, indulgence and compensation.”
Aflac – increase 401(k) match from 50% to 100% on the first 4% of compensation plus one-time $500 contribution to every employee’s 401(k); $250 million increase in overall U.S. investment.
“We are pleased that these tax reforms provide Aflac with an opportunity to increase our investments in initiatives that reflect our company values; providing for our employees in the long and short term, ensuring future growth for our company and giving back to the community.” — Aflac Chairman and CEO Dan Amos
1k buys me two cut and paste documents from my attorney that still need to be proofread and spell checked.
“The science fiction of Marxian economic evolution, the grandiose fantasy of a New World Order, the utopian dreams of The Great Society, the myth of the divine emperor, have all had their turns on center stage in irrational man’s attempts to legitimize government control and deny individual liberty. The realities of the human condition, especially the inherent sovereignty of individuals and their inevitable differences in choice and preference, render all collectivist doctrines absurd. A rational biologist will not transport a mountain goat to a prairie and declare a match between organism and environment. A rational social policy theorist will not create an environment of rules for human action that dismisses individual differences, ignores the critical roles of free choice, morality and cooperation, and otherwise distorts and violates the nature of man, and then announce that utopia has arrived in a workers’ paradise.”
Fabius please stfu. You are a lightweight and are now trolling me. Unless cnn, yahoo and huff post are considered fake news that study isn’t worth shlt.
And wapo, nytimes.
Speaking of which, no mention of bama’s apparent knowledge that the fbi was rigging the Clinton email investigation on any of those sites. It will all come out anyway.
https://www.washingtonpost.com/realestate/predictions-of-a-crash-in-housing-prices-have-not-come-true/2018/02/05/5cdef97a-0a98-11e8-95a5-c396801049ef_story.html?utm_term=.b9738c6d9080
I’m fairly certain the Muskrat sent that Tesla to outer space in search of a battery swapping station.
““We are pleased that these tax reforms provide Aflac with an opportunity to increase our investments in initiatives that reflect our company values; providing for our employees in the long and short term, ensuring future growth for our company and giving back to the community.” — Aflac Chairman and CEO Dan Amos”
Poor Gilbert.
1k buys me two cut and paste documents from my attorney that still need to be proofread and spell checked.
Hey pal, that’s some dough for a guy that’s busting his f.ucking balls for his kids. Park your elite attitude for a while.
See, you social justice warriors never outline your sacrifices for the good of the masses. You preach entitlement and equality at someone else’s expense. F.uck all of you cunts. The civil war II can’t start quick enough.
Is this better?
https://tinyurl.com/DJI-Graph-Fixed
Civil Wat….? You twat.
Someone asked our CEO the other day,
With this new tax rate would we be receiving a 401k match, bonus, or more the then standard 1% annual increase? His answer was they were still reviewing it but this new tax structure may hurt the company work the helps.
“@MichaeSLinden
In case you were wondering, the average weekly tax cut for a millionaire is $1,340.
That’s 893 times bigger than $1.50.”
You need to upgrade the intellect of the liberal drivel you receive.
Quite difficult to give a tax cut to someone in excess of their *gross* earnings, no?
more then
Does not fit narrative……must suppress….
Texts sent by two FBI agents who exchanged disparaging messages about Donald Trump during the 2016 presidential campaign reveal that President Barack Obama wanted “to know everything we’re doing” about the bureau’s investigation into Hillary Clinton’s emails, according to a report Wednesday.
FBI lawyer Lisa Page wrote to her lover and fellow agent Peter Strzok in September 2016 about preparing talking points for FBI Director James Comey when he updated Obama on the probe because “potus wants to know everything we’re doing,” Fox News reported.
Earlier that spring, Obama had vowed not to interfere.
“I do not talk to the attorney general about pending investigations. I do not talk to FBI directors about pending investigations. We have a strict line,” he told Fox News in an interview in April 2016.
“I guarantee it. I guarantee that there is no political influence in any investigation conducted by the Justice Department or the FBI, not just in this case but in any case. Full stop. Period, ” he said.
The FBI agents’ text messages were included in a new batch recovered as part of the Department of Justice inspector general’s investigation into how the FBI handled the investigation into Clinton’s use of a private email server.
They were released Wednesday by the Senate Homeland Security Committee in a report, “The Clinton Email Scandal and the FBI’s Investigation of It.”
Strzok, a counterintelligence official, and Page were involved in an extramarital affair when they exchanged the thousands of texts.
At the time, he was one of the investigators working on the Clinton probe and later joined special counsel Robert Mueller’s examination of Russian involvement in the 2016 election.
Lobbying – If you feel like you are not compromising your values up to your potential on Wall Street – there is another way.
For the seventh year in a row, Maryland ranked first with the highest number of millionaires per capita — with more than 1 in 12 households having $1 million or more.
Gary,
I assume he’s referring to his divorce attorney.
While you lose your footing in pumpkin jizz on the floor.
Come to this blog and let the stupid run through you.
NWNJ
No I won’t, but feel free to ignore me.
I love the barbs thrown here. They are much more clever than the stuff we say about each others moms during our hockey games.
“Lenin famously referred to the modern liberal intelligentsia as “useful idiots” that just needed a nudge in the right direction.
It is also Leon Trotsky that coined the most over-used word in the world – racist. The context of the word has subsequently been divorced from the original meaning Trotsky had in mind. Calling someone a “racist” is the favored ad hominem of progressive liberals painting everybody who does not agree with them as some form of jackboot wearing, SS flag waiving Nazi white supremacist.”
Lmfao!! This was great. So true.
Phoenix says:
February 7, 2018 at 1:43 pm
1k buys me two cut and paste documents from my attorney that still need to be proofread and spell checked.
2:37
Pumps and a few others right again.
3b, throwing all these insults my way, but look who was right and who was wrong. Told you there was no chance in hell of prices dropping based on the current strength of the economy.
Now for some haters to claim I didn’t predict that and ask for evidence.
How many bj’s this week? Have you considered investing in knee pads?
From your vast experience, which knee pads do you recommend?
The best ones are made by deported drug dealer Dads, I here. It’s because they test them on their children.
Why do I feel like I am back in 7th grade lunch period.
To paraphrase Trotsky “Who in here will be first against the wall when the Revolution comes!”
Stu,
Nice attempt, but we need the stick men. I ‘ll have to dig out Grims perfect example to illustrate how it’s done!
1977: https://youtu.be/XuhClvvyRZM
Pumps: as the article says in the first two sentences its still early in the game. You take that as proof that you are right. Rising interest rates and rising property taxes will have a negative impact on housing prices. Silly twat. Back to ignoring you.
Joyce, you were right. Gary, WTF. Pumps FU – what is so great about me and my child getting ripped off by the nj court system.
“Hey pal, that’s some dough for a guy that’s busting his f.ucking balls for his kids. Park your elite attitude for a while.”
Phoenix,
I apologize, I read it wrong. This flu and no sleep is grating on me.
Phoenix,
You misinterpreted my post. I meant this is great because it hammers home how bad the cartel of lawyers really is. It’s straight up robbery in many instances.
As I watched the treasonous dems sitting on their hands during non-partisan moments of the SOTU that celebrated good news for Americans, I knew their behavior belonged a TV ad, and here it is.
https://www.youtube.com/watch?v=kyRuEzlpTXg
The dems “Illegals before Americans” platform, unsurprisingly, is not a message that resonates with Americans.
Treason. Google it.
“2018 will be a transformative year for Tesla,” Musk wrote in a letter to shareholders. “This is the year when we believe we can achieve true cost parity” with internal combustion engine vehicle production, “something that many believe is not yet possible.”
Holy Sh!t
https://nypost.com/2018/02/07/st-johns-stuns-no-1-villanova/